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📈Bitcoin price movement near 40K level📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. After receiving support around the level of 38-39 thousand dollars, Bitcoin now has two possible scenarios in front of it. If the price fails to stabilize in the specified area, the bearish scenario will be activated. But according to the divergence of the indicated indicators in the chart, Bitcoin can advance towards $41,500 to $42,500 after stabilizing above the yellow zone. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Long
by CrazyS
4
BTC and IBIT Blackrock ETF prices are pushing higher!Bitcoin and IBIT Blackrock ETF prices are pushing higher showing buyers are back in the game. But I also think we're hitting the upper range of this trend channel and likely due for a pullback. The Total Market Cap has a strong resistance area around $1.75T My thesis is that Bitcion pulls back after this bull trap rally and pushes back towards $38k before resuming the bull run (which would still be in the uptrending channel and bullish market structure). What are your thoughts?
NASDAQ:IBITLong
by BrettFogle
BTCUSDT: 4-Hour Rally to 46000! 🚀🎯Dive into the world of BTCUSDT as we ride the 4-hour chart with an active trade, capitalizing on a strong uptrend. An order block has formed, and an adaptive trend is in play, signaling potential gains. Keep your sights on the target: 46000. This is a dynamic market scenario, and active trading decisions should align with thorough research and risk management. Always stay informed and adapt to changing market conditions. Note: We are not responsible for any profit or loss resulting from trading decisions. Trade responsibly and consider consulting a financial advisor. Explore the opportunities, navigate the charts, and consider the potential of BTCUSDT with this active trade analysis. 🌊💹 #BTCUSDT #ActiveTrade #Uptrend #DynamicMarkets
Long
by NEOALGO_PRO
6
BTC Update - 06.02.2024 / Long is coming4h chartt: on the senior time frame I see the price is in accumulation, the breaker imbalance is holding at the bottom, the key boundaries of accumulation at the top. I think that the local minimum has already been seen, if we go even lower I will look for positions inside the accumulation lower, but I think it will not happen. From above there are targets in the form of the key accumulation along with the seller's manipulation zone, also the key high. I am considering positions from POI on ltf, or if we go lower into the breaker imbalance zone! Not financial advice, always think with your head! ❗
Long
by trademansi0n
BITCOIN - THE CALM BEFORE THE STORM (TARGET 50K & BEYOND)The Bitcoin show is never ending! Price is clearly showing signs of bullish activity and I had to put behind my strong bearish bias and change camps. I think this is the moment we have all been waiting for and it is time for Bitcoin to spread its wings and fly to new heights! Here is what I see: What is on the chart? (follow the steps) 1. Prime Entry Conditions: The presence of a significant Fair Value Gap (FVG) on the daily chart, coinciding with a Break of Structure (BOS) level within a Fibonacci reload zone (spanning from 0.618 to 0.786), sets up an exceptional scenario for investors eyeing a long-term position. This confluence of technical indicators suggests a strong potential for reversal, making it an attractive entry point for those looking to capitalize on the ensuing swing. 2. Impact of Bitcoin ETF Hype: The market experienced a notable consolidation phase, primarily driven by the anticipation surrounding the approval of a Bitcoin spot ETF. This period was marked by extreme volatility, as traders and investors reacted to the unfolding developments, highlighting the sensitivity of the market to regulatory and institutional changes. 3. Sell-the-News Reaction: Following the hype, a classic 'sell the news' event occurred, where a weekly buyside liquidity line indicated a temporary top, leading to a reintegration into the previous range. While a larger correction was anticipated by many, including myself, the actual bottom formed in the subsequent step wasn't arbitrary but rather informed by underlying market mechanics. 4. Assessing Trend Strength: In retrospect, the weakening of the bearish trend was evident through the behaviour of open interest (OI). As prices fell, so did OI, indicating that the downward price action was more about traders exiting positions rather than initiating new shorts. This critical insight, missed at the moment, became apparent in hindsight, especially as prices stabilized within the Kumo cloud and rebounded from the daily FVG, signalling a potential bottom. 5. Bullish Accumulation and Resistance: The current phase shows signs of bullish accumulation, supported by the daily Kumo, yet faced with resistance at both the daily FVG and the Kijun line. This situation presents two likely paths: a retracement offering a more favourable entry point or a surge driven by significant ETF news, possibly from a major player like Blackrock, injecting substantial capital and sparking euphoria. Regardless of these speculative scenarios, it's crucial to stay grounded and open to various outcomes. 6. Anticipated Trend Continuation: Looking ahead, the expectation is for the trend to resume its upward trajectory, potentially setting new all-time highs. This outlook is based on the accumulation of factors previously discussed, each playing a role in shaping the market's direction. As always, I hope you appreciate my insights and have a great day! - Lexi ;)
Long
by Lexi_Is_Trading
2
BITCOIN Breakdown of Whats Going On - 06/02/2024Hello everyone, I have to update on update of previous post, to break it down little clearer for some of you, to explain why RIGHT NOW Im very causious... For that purpose Im going from Highier to Lower timeframes, to get clearer picture of what is the MOST possible at this moment.. So, If we go from 5Day to 4h timeframe, its clearly to see that we are "stucked" in consolidation of last 5D candle, which was our "top" of 2023 and we are in process of "accumulation/distribution" either shorts/longs before moving further (as stated yesterday, longer we stay highier, chance of continuation of going highier increasing)... So as you know, I WAS of opinion, that we should go lower to swept Sellside liquidity, before moving further... but since FED meeting changed nothing, I HAVE TO stick with my Highier TimeFrame perspective... And thats it, as presented in Q1 update - Due to previous experience in similar market conditions I should suggest that until nothing change & FED start cutting rates, market will move Highier with Time until this change come! Breakdown : 5 DAY - to 1 Day - On 1Day, we can see much better, that we first swept Buyside liquidity of that 1st Rectangle consolidation, before we processed to swept Sellside liquidity... BUT NOW, we came EXACTLY BACK where we WAS, which SHOULDNT be CASE if we continuing LOWER with confidence... So, we HAVE TO go to 4hr, to make "better and clearer" guess of whats happening... 4h - So , I added 1 more layer of rectange... which is LAST WEEK RANGE... You can see, its relatively tight with its own "consolidation" (i put green cut line between for better visibility)... and YESTERDAY, we firstly swept highs, then lows and now we proceeding to going back up.. in this case, IF WE ARE ABLE to MOVE ABOVE that FED HIGH I would expect with high probability of moving further up, ONCE WE GET ABOVE OUR CONSOLIDATION BOX, both of them! -- One more 4hr chart with SMA , which I do not use as "trading tool", but in my obsertvation-> When they are stacked like now and we moving in tight range in same time.. WHEN Price BREAK above/under them with "test" - in most cases it continuos in that direction for pro-longed period of time. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading
BTC Market Update 5th February In the latest analysis post, I've closely examined the performance of Grayscale Bitcoin Trust (GBTC) with a particular focus on recent liquidity movements. Over the past week, spanning five trading sessions, a noticeable deceleration in the rate of daily outflows from the trust has been observed. Specifically, the average daily outflow rate has contracted by +20%, indicating a substantial reduction in the volume of withdrawals. Since its inception, Grayscale's Bitcoin exposure has significantly diminished, registering a reduction of 127,000 BTC, equivalent to a 20.5% decrease in its holdings. This contraction can be attributed to various factors, including the liquidation of positions by discount buyers, the unwinding of assets by the FTX estate, and a notable shift by investors towards more cost-effective ETF options available in the market. Regarding Bitcoin's market direction, my analysis suggests a period of consolidation before any potential upward momentum. Currently, there are no discernible indicators hinting at an imminent downturn in Bitcoin's value; the market conditions appear stable and ready to grow. This stability holds significance for the crypto market, as historical patterns indicate that an increase in Bitcoin's price often precedes similar uptrends across the broader altcoin market. In essence, when Bitcoin's price rises, it tends to have a ripple effect, elevating the value of other coins. The intricate interplay between Bitcoin's liquidity movements and its price dynamics, coupled with the subsequent impact on the altcoin market, underscores the complexity of the cryptocurrency investment landscape. Having a long exposure in the consolidation range is considered a favorable entry point, especially for portfolios without existing long exposure.
Long
by TheArabianWhale
1
Bitcoin - Important StructureHello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: In 2018 Bitcoin created the previous cycle high which was roughly at the $17.000 level. In November of 2020 Bitcoin then broke above the resistance, came back to retest and started its new bullish cycle. If Bitcoin will now retest the confluence of support mentioned in the analysis, I will certainly be looking for more long setups to add to my current long position. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:BTCUSD
by basictradingtv
17
Long-term bullish trend for Bitcoin. (3-EMA) with periods of 50, 100, and 350 days creates a bullish configuration, where shorter averages are above the longer ones, signaling a potential continuation of the uptrend. The strength of the trend is also supported around events such as Bitcoin halvings, which historically have been associated with periods of intense price increases. The upcoming fourth halving may be another catalyst for price movements. Equally important could be market events like the approval of a Bitcoin ETF , which could bring new institutional capital to the market. Increased trading volume during clear price movements indicates significant interest at these price levels, which can be interpreted as confirmation of the trend's strength. The analysis may also point to key resistance levels, which, if broken, could pave the way for further price increases. Current technical configuration indicates a strong bullish trend, which, if maintained, could lead to testing and breaking through successive price levels. It is always important to remember that the cryptocurrency market is characterized by high volatility and unpredictability, therefore any technical analysis should be regarded as one of many tools for making investment decisions.
INDEX:BTCUSDLong
by CryptoDiabloo
Bitcoin $200,000: A Matter of TimeThe price of Bitcoin has historically exhibited an upward trend following each halving event. This phenomenon stems from a combination of factors, including a reduced supply of newly minted bitcoins, increased demand driven by scarcity, positive market sentiment surrounding the halving, and speculative buying fueled by anticipation of future price appreciation. The price of Bitcoin began to rise significantly in the months leading up to the 3rd halving, which occurred on May 11, 2020. The price rose from around $5,000 in March 2020 to over $10,000 in May 2020. After the halving, the price of Bitcoin continued to rise, reaching a peak of over $68,000 in November 2021. The fourth halving is estimated to occur in the second week of April 2024. The price of Bitcoin has been rising since the beginning of 2023, and I believe that it could reach $46,000 before halving and forming strong resistance for the next breakout. However, it is also possible that the price of Bitcoin could decline before the halving, as it did in the months leading up to the second and third halving in 2016 and 2020. After the 4th halving, we can expect a significant upward movement in Bitcoin. Additionally, we can expect ETF approval after the halving, which could further impact the price of Bitcoin and drive it upwards to $200k. Thanks Hexa
BITSTAMP:BTCUSDLong
by HexaTrades
20
BTC: Short-Term Liquidity Hunt Before Bear Trap and DropBitcoin (BTC) is currently positioned for a short-term move targeting liquidity above the current highs, potentially luring in bears. This setup suggests a liquidity hunt, followed by a rebound from the heavily traded area, and then a push towards higher liquidity zones beyond the recent highs. It appears to be a tactical move to trap bears before a significant downturn. While the short-term outlook hints at a bullish trap, my global perspective remains bearish, anticipating a more substantial short position post-liquidity grab around the $44K level, possibly even higher. www.coinglass.com
Long
by Shved126
4
BTC Bullish Day and Week Ahead? ☀️Cryptocurrencies rallied over the past 24 hours as investors poured in fresh cash, bolstered by the benchmark S&P 500 index hitting a new all-time high on Monday. They are also waiting for new signals from the Federal Reserve meeting up on Wednesday, regarding the up-coming rate cuts in the US. The price of Bitcoin recovered 3.2 percent over the past 24 hours to roughly 43,400 US dollars, a level last seen just after the approval of 10 spot Bitcoin exchange traded funds (ETFs) mid-January. This sharp increase triggered liquidations of Bitcoin short positions totaling around 40 million dollars over the past 24 hours. According to ATTMO, a bullish sun will shine over Bitcoin, Ethereum, Binance Coin and Ripple’s XRP in the next 24 hours, while bearish clouds will linger over Avalanche, Dogecoin and Polkadot. Follow us for more crypto weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
Powerful BitcoinI wonder how come you don't follow me? Please follow me and like the posts before starting to read this analysis. If you have any questions, you can send me a message in the private message section. Well, according to the previous analysis, we saw a downward fake failure in the chart, which we could recognize as a fake failure using the indicators. Now it's back in full force. I will wait for my target, which is the price of 44200. What do you think about this topic?
BINANCE:BTCUSDLong
by ALI_LAZGIPOUR
4