Bitcoin Bull Run Continues?My expectations from the previous post have materialized, and the price of Bitcoin has dropped again into the price imbalance zone below 53,500. My expectations for Bitcoin's price next week are as follows: due to negative economic news, the stock market will likely continue to decline for several more days starting on Monday. Since Bitcoin's price correlates with key indices like the S&P and Dow Jones, there is a high probability that Bitcoin will continue to decline, potentially reaching as low as 48,900.
If we look at the Long-Term Holder Realized Profit/Loss Ratio 7D indicator, which unfortunately is not yet available publicly on the TradingView platform, based on this data, Bitcoin is currently in an accumulation phase before a major growth season. Similar patterns occurred during the 2011 and 2021 market seasons.
Bitcoinlong
BTC Still inside the BOX / Careful about the BTC heatmap!BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Traders,
Despite positive economic sentiment, BTC still fluctuating inside the box.
If the price stays above the yellow area, the green scenario is valid and after that if price breaks above the 65K level and stabilize there, 66690 and 70100 levels are the next price resistances.
According to the recent market heatmap, some shadows may occur inside the circle area for some market liquidation.
Stay tuned for more updates.
BTC Swing Long to 65k & 70kTrade Idea: Bottom for Bitcoin Might Be In
This chart suggests that Bitcoin may have found its bottom, with the potential for a bullish reversal. The following elements highlight this outlook:
1. Liquidity Zones:
- Liquidity/TP1: The chart highlights a take-profit zone (TP1) near the $64,000 level, where liquidity is expected to reside. This is the target area for the long trade.
- Prev. Monthly High: This is noted above the $70,000 level, potentially acting as a higher resistance level and extended target if momentum continues after TP1.
2. Entry Zone:
- The gray shaded area near the $55,000 level represents the entry zone, with liquidity around this price. This suggests that the price may have tapped into an important liquidity pool before starting its upward movement.
- External Liquidity: This region below the current price might have acted as a liquidity sweep, further confirming the bottoming pattern.
3. Fair Value Gap (FVG):
- The chart identifies a FVG (Fair Value Gap) around the $56,000 level, which could act as an area of interest. Price has filled this gap, possibly signaling the completion of its downward move.
4. Market Structure:
- The market appears to have tested lower liquidity levels and rejected them, potentially signaling that a local bottom has been established. The price action shows consolidation in the entry area, indicating accumulation before a potential upward move.
This trade idea would be well-suited for traders anticipating a medium-term bounce after Bitcoin’s recent downward movement.
Imminent rebound for BTC in the next 24 hours! A strong sun will shine over Bitcoin in the next 24 hours, signaling bullish market conditions! ☀️ The price of Bitcoin rose 1 percent to $57,277 over the past 24 hours and still has the potential to go up.
The 12 spot Bitcoin exchange traded funds (ETFs) listed in the US have posted outflows totaling almost $800 million dollar over the past six trading days, data from Sosovalue shows.
Investors now await cues from the upcoming US job figures being released tomorrow. Analysts expect 160,000 jobs to have been created outside the US farming sector in August, up from 114,000 jobs in July.
Yet, over a one-week time horizon, drizzle will linger over Bitcoin, signaling downside potential. 🌧
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BTC Higher Timeframe Outlook 70k Next -> Then 32kIn this video, I break down the market from a top-down perspective, analyzing from higher timeframes down to lower timeframes. I carefully frame key Points of Interest (POIs) to help identify potential trading opportunities.
Additionally, I share a specific short-term trade idea with detailed entry, exit, and risk management strategies. My first target is set at 70k, followed by 32k, and I explain the reasoning behind these levels. Watch to get a clear understanding of the current market structure and actionable insights for your trading journey.
Bitcoin Analysis==>>Filling CME Gap==>>Short termBitcoin was accompanied by increases and decreases ( high momentum ) in the past days.
Currently, Bitcoin has reacted well to the Support zone($63,630-$63,200) .
I expect Bitcoin to rise from the Potential Reversal Zone(PRZ) and fill the upper CME Gap($61,445-$60,485) .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC to rebound - bullish potential for the next 24 hours The price of Bitcoin fell more than 6 percent to $59,290 over the past 24 hours, trading as low as $58,564 over this period, Trading View’s Bitcoin chart shows.
Yet, a strong sun will shine over Bitcoin in the next 24 hours, signaling bullish market conditions. ☀️
“Today's drop is intriguing and presents a potential opportunity for those looking to capitalize on a tactical rally. Entering at $59,000 with a tight stop at $58,000 might seem overly cautious to some, but tactical opportunities like this are rare in a market lacking a clear bullish trend,” the crypto intelligence firm 10xResearch said in its daily note.
The number of Bitcoin millionaires increased by 111 percent last year and exceeded 85,000 people, Henley & Partners annual Crypto Wealth Report 2024 shows. Eleven persons hold more than $1 billion in Bitcoin. The CEO of MicroStrategy Michael Saylor, the CEO of Coinbase Brian Armstrong and Binance’s founder, currently serving a prison term in the US for money laundering violations, Changpeng Zhao (CZ) are part of this exclusive club.
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Bitcoin down 2.37% is getting support at the 200EMA
I scanned through all of the lowertimeframes and I saw plenty of price turnaround from the notorious double top sell-off.
I see on the mid-timeframes that bitcoin is getting support on the 200ema.
My analysis is that Bitcoin is going much much higher soon.
The weekly cup n handle system on the weekly is a mammoth system.
Bitcoin (BTC) meets massive inflowsBitcoin (BTC) has remained under pressure despite spot Bitcoin ETFs witnessing massive inflows. BlackRock’s iShares Bitcoin Trust (IBIT) registered a staggering $224 million worth of inflows. Besides BlackRock’s IBIT, Franklin Bitcoin ETF and WisdomTree Bitcoin Fund registered $5.5 million and $5.1 million worth of inflows. However, Ark 21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, CoinShares Valkyrie Bitcoin Fund ETF, and Grayscale’s ETF products recorded zero net inflows on Monday. Bitwise Bitcoin ETF recorded substantial outflows totaling $16.6 million, while Fidelity Wise Origin Bitcoin Fund and VanEck Bitcoin ETF remained in the red, recording outflows of $8.3 million and $7.2 million, respectively.
However, despite positive spot Bitcoin ETF numbers, BTC has remained under pressure. The world’s premier cryptocurrency surged to a day high of $65,000 on Friday but has since dipped, with selling pressure taking the price below $63,000. The dip also caused a drop in open interest. Analysts have speculated that the noticeable drop in open interest for BTC indicates traders are pivoting towards altcoins, which have recorded a negligible dip in open interest.
Bearish sentiment prevailed on Monday as sellers took control and pushed BTC back below the 200-day SMA to $62,903, with the resistance at $65,000 proving to be a bridge too far for buyers. The current session sees BTC marginally down as bears look to extend their dominance and push BTC toward the 50-day SMA. So what next for BTC? Buyers held their ground over the weekend and prevented a drop below the 200-day SMA. However, that changed on Monday as BTC dipped below $63,000, indicating that sellers had the upper hand. For BTC to recover, buyers must ensure it stays above the 50-day SMA. If BTC dips below this level, it could drop to $60,000.
Will BTC Push Up Soon? The Key Level is at 65000.00 !!!
I will be looking for LONG opportunities on BTC after the resistance level at 65000.00 has been broken and thereafter forms an upward confirmation Break of Structure(BOS) signal, and the two reasonable take profit levels are set as "TP1" at 70000.00 and "TP2" at 72000.00, shown on the 8H Chart.
At the moment, BTC is consolidating locally. It seems that the market needs to grab more liquidity from supporting areas down below in order to push up later and the 8H green Demand Zone can be a potential area for that.
If the "Caution level" at 58000.00 below the 8H Demand Zone has been broken first, then new analysis on BTC will be made.
BTC/USD "Bitcoin" Bullish Robbery plan to steal the moneyHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist BCH/USD "BITCOIN CASH" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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The Ultimate Guide to Buying BTC on Spot: Strategies for SuccessDelve into the world of Bitcoin trading with this in-depth guide to buying BTC on the spot market. We'll explore the best practices for purchasing Bitcoin, including tips on timing, market analysis, and risk management. Whether you're a long-term investor or a short-term trader, this guide will provide the insights needed to maximize your returns in the ever-evolving crypto landscape. Learn how to secure your position in Bitcoin, the world's most valuable cryptocurrency, and make informed decisions that align with your financial goals.
Bitcoin Golden Cross on 4Hr TimeframeBullish cross between 200MA and 50MA spotted on 4 hour timeframe and appearance of green cloud. This would suggest a short term bullish outlook for bitcoin for the coming days.
The golden cross on daily time frame could follow by 1st or 2nd week of September and would drive the price to 65k-70k level.
I will be buying BITCOIN on the breakout soon. See chart.
This is a great setup that I learnt from another fantastic trader named Rulf who lives in Germany. He is also a professional trader.
See how price for bitcoin broke out earlier and the RSI also broke out above the 70 zone on the RSI.
Well the way setup works is that you want condolidation in price to occur and a pullback of the RSI back to a level around 50.
Then, when the RSI breaks above the 70 zone on the 2nd occasion you buy instantly as the RSI enters 70 again. Price normally responds by breaking out crazily.
#BTC/USDT Bullish September+Q4 Ahead!Detailed technical analysis of the BTC/USDT pair on a daily timeframe. Here’s a breakdown of the key elements and potential trading ideas based on the chart:
### Key Observations:
1. **Descending Channel Formation**: The price action is moving within a descending channel, with clearly defined peaks (marked as 1, 2, 3, 4, 5, and a possible 6) and troughs. The price seems to respect this channel, bouncing off both the upper and lower trendlines.
2. **RSI Divergence**: The RSI (Relative Strength Index) at the bottom of the chart is showing a bullish divergence. While the price has made lower lows, the RSI is making higher lows, indicating a potential reversal or a weakening bearish momentum.
3. **Two Scenarios Outlined**:
- **Scenario 1**: A breakout above the upper trendline, leading to a potential rise towards the resistance zone around the $70,000 level. This is supported by the drawn path, suggesting a bullish move if the breakout is confirmed.
- **Scenario 2**: A pullback to the support area around $55,000 - $54,000, before a bounce that could either break the descending channel or test the upper boundary again.
4. **Volume Consideration**: The chart indicates a period covering 197 bars (days) with a total volume of 6.448M BTC traded. The consistent volume could signify accumulation or distribution phases, depending on the context of the breakout or breakdown.
### Trading Idea:
Given the current technical setup:
- **Bullish Scenario (Long Trade)**:
- **Entry**: Enter a long position on a confirmed breakout above the upper trendline, ideally above $62,000 with a daily close above this level.
- **Target**: Initial target could be around $68,000 to $70,000. Further targets can be set at key Fibonacci extensions or psychological levels such as $75,000.
- **Stop Loss**: Place a stop loss just below the breakout point, around $60,000 to $59,500, to protect against a false breakout.
- **Bearish Scenario (Short Trade)**:
- **Entry**: Enter a short position if the price fails to break out and instead pulls back towards the support zone around $55,000.
- **Target**: Target the lower end of the channel, potentially around $47,000 to $45,500.
- **Stop Loss**: Place a stop loss above the upper trendline, around $62,500, to protect against a sudden breakout.
- **Neutral (Wait and Watch)**:
- **Strategy**: If the price remains within the channel without any clear breakout or breakdown, it might be prudent to wait for a clearer signal. This could involve waiting for a decisive move outside of the channel or for confirmation via volume and RSI divergence resolution.
This analysis provides a balanced approach, allowing traders to react to the market based on the price action relative to the defined channel.
Ensure that positions are adjusted according to evolving market conditions and use proper risk management.
Not Financial Advice, Always do your own research.
Please hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
"Powell and Trump's Pump" & New Study Showing BTC Fractal TargetWe had a nice pump in the markets today, stemming from J Powell's comments from Jackson Hole signalling not only one rate cut coming in September, but likely multiple (not priced in).
RFK also kinda sorta endorsed trump but still kept the Hail Mary option open for him to still get elected (Don't hold your breath, although I'd love to see that. RFK had a great speech at Bitcion 2024 and is a good man, but doesn't have the votes).
Markets reacted positively and some are boldly saying 'The Bull Run is Back'. 🚀
We shall see.
Students of Hurst's Market Cycles will also note that this week (tomorrow the 24th preciely) should be the weekly cycle low, so that could also be a contributing factor.
In this video, I briefly review the NASDAQ:IBIT chart showing one open unfilled gap lower (this can take awhile and so this is still on the table) as well as the new BTC fractal study I mentioned.
(But I forgot to share the DXY chart showing that we're testing the important 101 level, which is looking like it's going to cut right through it like a hot knife through buttah).
Most interesting...
Check out this fractal overlay I pulled from earlier in the year, showing the possible path of Bitcoin higher, and that almost exacly lines up with current / previous trendline S&R as well as my Fibonacci price target of $150, which you can review in some of my other posts here...
Finally seems like we'll have the wind at our back soon.
While this was a nice breeze, I'm going to remain cautious and wait for confirmations higher to go 'all in'. For me, that's seeing confirmed closing price action above $74k.
See the video for some specific / excact entries.
If you'd like me to cover anything in future videos, leave a comment below.
Thanks again to the TradingView team for choosing my last video as 'Editors Pick' today! 🚀🚀
Keep up the good work guys!