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$Bitcoin - Its all in the charts.As can be seen, BTC is moving in a curve. This curve seems to have found bottom around 16k for this cycle and is right now hugging the bottom trend line. -Given this curve, will we see 16k again? -Looking at the historicals, most likely not. But IF the price action breaks the bottom trendline then that will be a first and after that anything can happen. If everything goes according to plan, and by plan I mean according to history, we should see a cycle top around next year second half, latest by start of 2025 but we may not need that much time. -What will be the catalyst for a new cycle top? -No idea. I make my decisions only looking at the chart and not news. -Can I be wrong? -Maybe, maybe not. Only thing we as investors can do, is to DCA our position and wait.
INDEX:BTCUSDLong
by sidddubey
BTC Hovers at $28,000 with Strong ResistanceAs you may already be aware, BTC has reached an astonishing value of $28,000 with an alarming level of resistance. It was due to a fake story of a Blackrock ETF approval story. It is during times like these when it becomes crucial for us to reassess our strategies and approach trading with caution. In light of the current situation, I strongly encourage each one of you to consider pausing your BTC trading activities momentarily. This is not a call to panic or to suggest that the market will crash, but rather an opportunity to reflect on the potential risks involved. As experienced traders, we understand that it is imperative to exercise prudence and vigilance as we navigate the ever-changing dynamics of the crypto market. By pausing our BTC trading momentarily, we can gain a better understanding of the developing patterns and indicators that may guide our future decisions. It grants us the chance to reassess our risk management strategies, conduct thorough analyses, and seek advice from trusted experts in the field. This brief pause can help us avoid impulsive decision-making and allow us to approach the market with a clear and calculated perspective. As we tread this uncharted territory, uncertainty can be overwhelming. However, it is in these challenging times that we have an opportunity to learn, adapt, and grow as traders. Pausing BTC trading now may potentially save us from unforeseen losses and provide us with a chance to regroup ourselves for the next profitable move. Let us remember that our success as traders is not measured solely by our ability to act swiftly, but also by the wisdom and prudence with which we approach the market. So, take a moment and pause your BTC trading activities, reassess your strategies, and embrace this opportunity to ensure the long-term success of your trading journey.
BITSTAMP:BTCUSD
by bryandowningqln
BTCUSD: Technical Analysis & AdvicePrice and Moving Averages: The BTC price is below both the 50-day (blue line) and 200-day (purple line) moving averages. This is generally a bearish indication. A "death cross" has formed, which is when the 50-day moving average crosses below the 200-day moving average. Historically, this is seen as a bearish signal. Bollinger Bands: The price is trading near the lower Bollinger Band , suggesting BTC might be nearing an oversold condition. This could indicate a potential bounce or at least some consolidation in the near future. Volume: Trading volumes seem relatively consistent without any major spikes, indicating no significant buying or selling pressure recently. RSI (Relative Strength Index): The RSI is hovering around the 50 mark, suggesting a neutral momentum. It's neither in an overbought nor an oversold state. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and both are below zero — a bearish indication. This suggests that the current momentum is bearish. Stochastic Oscillator: The Stochastic is above the 20-level and seems to be pointing upwards, suggesting some potential bullish momentum in the short term. Fibonacci Retracements: The price seems to be interacting with the area between the 0.236 and 0.382 Fibonacci retracement levels. This zone can act as a potential resistance. The next significant resistance might be around the 0.5 Fibonacci level. On the downside, if the price breaks lower, the 0.618 Fibonacci retracement level (often referred to as the "Golden Ratio") might act as a key support zone. If the price manages to breach this level, further supports might be found at the 0.786 and 0.886 retracement levels. Overall Trading Recommendation and Conclusion: Short-term Outlook: Given the proximity to the lower Bollinger Band and the Stochastic pointing upwards, there might be a potential for a short-term relief rally or consolidation. Traders should keep an eye on the 0.382 Fibonacci level as a potential resistance in such a scenario. Medium-term Outlook: The broader trend, highlighted by the death cross and the MACD below the zero line, seems to lean bearish. The 0.5 and 0.618 Fibonacci levels can be crucial points of resistance in any upward movement, while the 0.618 level, in particular, would be a key support to watch if the price continues to decline. Risk Management: It's essential to set stop losses based on one's risk tolerance and to adjust positions based on how the market responds to these key levels. Do remember that while technical analysis provides tools for making educated decisions, the crypto market's inherent volatility means there are no guarantees. Always ensure to do thorough research, consider multiple analyses, and possibly consult with a financial advisor before making any trading decisions.
BITSTAMP:BTCUSDLong
by JS_TechTrading
Potential BTC Drop: Brace for a Decline to $20,000As you may be aware, the recent volatility in the cryptocurrency market, particularly Bitcoin (BTC), has raised concerns among traders and analysts alike. Based on our analysis and observations, it is crucial to address the potential risks associated with BTC's current price levels. While Bitcoin has experienced an impressive rally in recent months, surpassing all-time highs, there are indications that a correction may be on the horizon. Our conservative estimates suggest that if BTC falls below the critical support level of $25,000, it could potentially drop further to around $20,000. Considering these possibilities, it is essential to evaluate your investment strategies and assess the potential impact on your portfolio. We strongly advise traders to exercise caution and consider taking appropriate measures to protect their positions. One such strategy that may be worth exploring is shorting BTC. Shorting Bitcoin allows traders to profit from a declining market by borrowing BTC and selling it at the current price, with the intention of buying it back at a lower price in the future. This approach can help mitigate potential losses and even generate profits in a bearish market. While shorting BTC carries its own risks and requires careful consideration, it can serve as a hedge against a potential downturn. We encourage you to consult with your financial advisor or conduct thorough research before implementing any shorting strategies. As always, we appreciate your trust and loyalty. Stay vigilant and stay informed.
BITSTAMP:BTCUSDShort
by bryandowningqln
BTC's Death Cross: An Opportunity to Consider ShortingAs many of you may already be aware, BTC has been experiencing a rather tumultuous period lately, with its price exhibiting a concerning trend. In the coming weeks, we are likely to witness a technical phenomenon known as the "Death Cross." This occurs when the 100-day moving average crosses below the 200-day moving average, indicating a potential bearish market sentiment. While past performance is not always indicative of future outcomes, it is essential to recognize that historically, the Death Cross has been associated with significant price downturns. In October, particularly, this pattern has ruined chances for profit in the past. Therefore, it is crucial to approach the current market conditions with a level-headed perspective. Considering the potential implications of the Death Cross, I encourage you to explore the possibility of shorting BTC. Shorting allows you to profit from a falling market by borrowing BTC, selling it at the current price, and repurchasing it at a lower price to return to the lender. However, it is important to note that shorting involves its own set of risks, including the potential for substantial losses if the market moves against your position. While this idea aims to provide you with valuable insights, it is essential to conduct thorough research and analysis before making any trading decisions. Always consider your risk tolerance, financial situation, and consult with a qualified financial advisor if necessary. In conclusion, the Death Cross looming over BTC presents an opportunity worth considering, but it should be approached cautiously. As traders, it is our responsibility to make informed decisions based on careful analysis and risk management. If you are interested in exploring shorting opportunities in BTC, I encourage you to conduct further research and analysis. Keep a close eye on the market trends and seek guidance from trusted sources. Remember to approach your trading decisions with a well-thought-out strategy and risk management plan.
BITSTAMP:BTCUSDShort
by bryandowningqln
🟢BTC - Falling Wedge in Rising Channel"As you can see, Bitcoin is in a rising channel on the 4-hour timeframe, and now we can observe a Falling Wedge pattern. As you know, the Falling Wedge pattern is one of the bullish classic patterns that can push the price higher towards the top of the channel. However, don't forget that eventually, the rising pattern must break from the bottom of the channel, and the falling channel must break from the top. So, please pay attention to risk management.
by Chartimus
Macro, multi year view of BTC. Update 1Notes on the chart: • Month counting starts from where a new bull run begins and on the chart it marks how many months it took for the full cycle to complete (roughly 49mo). • Blue horizontal lines are BTC halvings. • Green zones are accumulation zones Overall update of the 4-year journey Back from our previous post we were looking at when the lows would be printed. After the rally in H1 of 2023, we are now looking at the expectations in the year looking forward and up to 2025. In trend with previous years when a new cycle starts an initial top is usually printed within 6 months and this time was no different. Based on history, from month 6 (July 23) onwards, up until the halving which is expected in March 2024, BTC has seen significant drops. However, I would strongly argue this is the true accumulation zone: 1) Confirmation of the 4-year cycle low has been set. Of course, this can be invalidated, but I would say that a significant catastrophic event would be needed to reach such levels. 2) Before every bull run, a shake-out is needed as it achieves the transfer of bitcoin from retail back to investors AND 3) Large institutions are finally eyeing to tap into the market and be exposed to this. I think it would be impossible for anyone in this space to miss the idea of a BTC spot ETF being delayed over and over but the narratives just seem to be perfectly aligning for the upcoming years 24,25. Those would be: US elections, returning to QE as recession fears grow (consumer spending is dwindling), possibly the Ukraine war will be over, and BTC halving. Takeaway The period up until the halving will be volatile. However, based on history DCA up until the halving should allow you to have a fairly comfortable position for the following years.
BITSTAMP:BTCUSD
by Slickxbt
Examining the Recent BTC Drop and Encouraging a Cautious ApproacI wanted to take a moment to address the recent drop in BTC and shed some light on its potential correlation with the current economic conditions in the United States. Additionally, I would like to encourage you to pause your BTC trading activities momentarily and adopt a more cautious approach. As many of you are aware, BTC experienced a notable drop in value over the past few days, leaving many traders concerned about the reasons behind this sudden decline. While it is challenging to pinpoint a single cause, it is essential to consider the broader economic landscape, particularly in the United States. The United States, being a significant player in the global economy, has a considerable impact on various markets, including cryptocurrencies. Recent economic indicators have shown signs of uncertainty, with fluctuations in employment rates, inflation concerns, and potential changes in fiscal policies. These factors can contribute to a sense of unease and volatility in the market, affecting the value of BTC and other digital assets. Given the current circumstances, I would like to encourage you to pause your BTC trading activities temporarily and approach the market with caution. It is crucial to closely monitor the economic conditions and news updates to gain a better understanding of the potential impact on BTC's value. By adopting a more cautious stance, you can mitigate the risks associated with potential market fluctuations. During this pause, I recommend focusing on educating yourself further about the market, exploring different investment strategies, and strengthening your risk management practices. Additionally, consider diversifying your portfolio by exploring other investment opportunities to reduce your exposure to potential market volatility. As always, please remember that the cryptocurrency market is highly unpredictable, and making informed decisions is key to successful trading. Take advantage of the various resources available, such as market analysis reports and expert opinions, to stay well-informed and make rational decisions.
by bryandowningqln
Celebrating BTC's Soaring Price Amidst Gold's Decline Bitcoin (BTC) has been soaring to new heights, while gold, traditionally seen as a safe haven, has experienced a recent decline. This presents an incredible opportunity for us to capitalize on the ever-growing potential of BTC. BTC's meteoric rise has been nothing short of remarkable, with its value surpassing all expectations. As traders, we have witnessed its resilience and ability to adapt, making it a formidable asset in the global market. On the other hand, gold, which has long been regarded as a reliable store of value, has experienced a dip in recent times. This divergence in performance between BTC and gold is a clear indication of the shifting tides in the financial landscape. It's a sign that the digital revolution is gaining momentum, and BTC is at the forefront. We have the chance to ride this wave and make the most of the opportunities it presents. Now, you might be wondering how to seize this golden (or should I say Bitcoin?) opportunity. Well, it's simple – it's time to consider longing BTC! By taking a long position on BTC, we can potentially maximize our profits as the price continues to rise. This strategy allows us to benefit from BTC's upward trajectory, which has proven to be a rewarding path for many traders. So, my fellow traders, let's embrace this moment with enthusiasm and confidence. By longing BTC, we can actively participate in the ongoing digital revolution and potentially secure substantial gains. Remember, the market rewards those who dare to take calculated risks and seize opportunities when they arise. To get started, I encourage you to conduct thorough research, analyze market trends, and consult with fellow traders or financial advisors. By equipping ourselves with knowledge and insights, we can make informed trading decisions that align with our individual risk appetite and investment goals. Let's embark on this exciting journey together and make the most of BTC's remarkable rise. The future of finance is evolving before our eyes, and we have the chance to be part of this historic transformation.
BITSTAMP:BTCUSDLong
by bryandowningqln
Get Ready for Potential BTC Pump during the USA Government ShutdAs we all know, BTC has proven to be a safe haven asset during times of economic uncertainty. With the USA government currently experiencing a shutdown, it's no surprise that investors are increasingly turning to cryptocurrencies, specifically BTC, as an alternative investment option. This surge in demand, coupled with limited supply, creates a perfect storm for a potential BTC pump. Now, you might be wondering, "How can I take advantage of this opportunity?" Well, I'm glad you asked! Here's a call-to-action for you: Consider going long on BTC! By taking a long position, you can potentially benefit from the anticipated price increase during this government shutdown. Remember, this is not financial advice, but rather an exciting opportunity that you may want to explore further. To further support your decision-making process, I encourage you to conduct thorough research, stay updated with the latest news, and closely monitor market trends. Keep an eye on any developments regarding the government shutdown, as they can greatly impact the market sentiment and consequently influence BTC's price. Remember, trading is all about seizing opportunities and making informed decisions. So, let's approach this potential BTC pump with enthusiasm, positivity, and a happy tone of voice! Together, we can navigate the market and make the most out of this exciting time. If you have any questions, need assistance, or simply want to share your thoughts, feel free to comment.
BITSTAMP:BTCUSDLong
by bryandowningqln
Bitcoin Divergences Since 2023Although Bitcoin has been stagnant since the beginning of the year, it continues to give us signals for future movements. First of all, we need to say that Bitcoin adapted to the 50-day moving average very well in this process. An investor who trades only according to the moving average can make very successful profits. In this context, when we look at the moving average, we see that the Bitcoin price is currently based on the moving average. A Bitcoin that breaks the moving average resistance at $26600 in the daily time frame can start to run again. We will determine how far this race will be as follows; Bitcoin has been effectively diverging since the beginning of the year. During this period, there were 3 bear divergences, and the decreases as a result of this divergence were generally around 21%. On the contrary, it made a bullish divergence once and the increase was approximately 27%. After August, in the current period, we see another bull divergence. Therefore, if the increase from here is around 20% like the previous ones, the point we will reach will be $30k. Here we will observe the possibility of the head-and-shoulders formation that we mentioned in the previous report. However, for this divergence to work, we must first break the moving average.
INDEX:BTCUSD
by YavuzAkbay
BITCOIN: A REVERSAL OR DOWNWARD MOVE.Hello readers, Welcome to this quick update on BTC in a 6-hour timeframe. In my previous update, I mentioned the $27.3k resistance level which BTC clearly didn't manage to break out, resulting in a rejection toward $26k. If this pattern continues, we can expect BTC to reach down to FWB:25K or $24.5k. This could be the possible odd scenario for BTC. Talking about the positive side, a trend reversal and breakout above FWB:27K could turn the table around. The 21 MA which was acting as a support had turned out to be resistant to BTC. A miraculous reversal could save BTC from falling any further down. What is your expectation in this current situation? Let me know in the comments. Best regards, Team Dexter.
BINANCE:BTCUSDShort
by Dexter_The_Trader
2
BTC 24800 Price Target 32k? Stay Tuned for Trade Regular UpdatesBTC price dumped to 24800 and is currently bouncing, which was our last buy opportunity based on the previous signal in our last BTC post here . Notice: This post will be regularly updated as the price progresses toward the target or in the event of potential failures due to rejections. We encourage readers to like, comment, and follow this page to stay updated with the latest developments and adjustments. Your engagement and support are greatly appreciated. It may seem contradictory to our previous short target of 12k, but in our last analysis, we mentioned that we would be longing from 26k down to 24800 after shorting at 30400. this is because we foresee a better short entry with a much better stop loss and profit target as the bears are heavy around $32k to $34800 which will give bears the needed backup to push the price down to 12k come 2024. According to MT pandora's Box, The current market buyers are not exhausted yet, and the breakdown of the range is likely to be a trap for sellers. This is evident from the price breaking the 25200 support and hitting 24800, triggering a buying frenzy that backfired on the bears. As a result, we see the price racing back to 26800, clearing all the previous last shorters. We will continue to hold our current Long position, and I will leave a free long trade signal at the end of this post if you wish to catch the bullish momentum that is about to take off. Now, we should stay patient as we anticipate hitting levels of 27200, then 27700, and eventually reaching 28k. Although there might be some minor pullbacks, this Long position is heading toward 32k. Regarding the question of why we are shorting at 34k, while the price of BTC might extend even to 34800, we are likely to start adding to shorts from the 32k range. However, we won't jump in with our full position size; instead, we will incrementally add to shorts in small percentages. This strategy will give us the opportunity to reach our 12k target by 2024. Expect some reactions from sellers as BTC moves from the bottom to the top of the current range. Please Note: Due to the length of our previous BTC post, I will only update it again when we reach the current long target of 32k to 34k range. At that point, we will take another BIG SHORT to achieve our 12k target by 2024. this post will provide updates on the current long trade before the BIG SHORT. (To enter this LONG, wait for a pullback to take the trade as the price will return to one of the supports listed below, multiple entries with one stop to allow you to buy in pieces and that way accumulate as price goes our way. Free BTC Long Trade Signal: To enter, wait for a pullback to take the trade. ASSET: $BTC/USDT ACTION: LONG 1st ENTRY PRICE: $24800, 2nd $25600, 3rd $25800 (Worst or late entry $26k) STOP LOSS: $23700 1st TAKE PROFIT: $29700, 2nd TP: $31200, 3rd TP: $32k (Extended TP: $34k) Disclaimer: This signal is for informational purposes only and does not constitute financial advice. Cryptocurrency trading carries risks, and past performance is not a guarantee of future results. The user assumes full responsibility for any profits or losses incurred, and the signal provider is not liable for any investment decisions made based on this signal. Notice: This post will be regularly updated as the price progresses toward the target or in the event of potential failures due to rejections. We encourage readers to like, comment, and follow this page to stay updated with the latest developments and adjustments. Your engagement and support are greatly appreciated.
Long
by MachiavelliTrader
1
Should we trust on math? 11T$ TargetWhen we checked the last cycles our fib target was always 3.6 Fib level, now we see that we will see something like 11T$, it looks huge, impossible. So in this scenario, there will be mass adaptation, and full media cover with blockchain and web3, especially Meta, De-Fi and Rwa will be strong pushers. You know people, who never buy red, they lie themselves like they do on social media, they don't wanna buy red stuff only green because it makes you better, buying is an addiction to greed, you must buy green and you are super greedy at that time! So there will be millions of people who lost their purchasing power, and missed a lot of opportunities in past with low-interest rates, new use hype is expected to be a billion in this bull-run! Right now 1.4 billion people are using iPhone, such a massive adoption when you remember the first days of the iPhone, we were still using Nokia or what? The banking system is stupid right now, why do we have % commission for one single transaction even If you buy milk on the market, why do we give them for sending money or holding our assets there so what if CBDC came to our real life? One way or another world doesn't realize something recession and crashes won't happen when everybody expects, it happens when you thought bad days are over, probably 2025-2026 will have these hidden signals when everyone was superb happy. So I am waiting for a big step for printing money, adaption and huge crash like dot.com bubble and that cycle will bring us next bull-run but people will lose a lot of money, we could lose money too we know that but greedy people never things that, only one thing we should be careful that we shouldn't be super greedy in 2025. Have a nice day guys, I hope to comment this post next year with superb expectation for the future, please comment below.
CRYPTOCAP:TOTALLong
by kargaa
1
Bitcoin 10k crash! Reposting from Aug 19, 2023This is a republishing of my original post of title: Bitcoin 10k crash‼️ - 🤔 will it happen? Can it be avoided? The original version was removed - for reason I care not to explain. BITSTAMP:BTCUSD BINANCE:BTCUSDT BINANCE:BTCBUSD KUCOIN:BTCUSDC BINANCE:BTCUSDT.P I wanted to do an update to my original post and below you will see what charts and findings including the original post from August 19th to help you decide on if you want to invest. Please be advised. 🚫Do not allow this to frighten you into selling, or consider this as financial advice, understand the risk and understand this may be hypothetical so bear with me BTC -fans or any of those that follow my content, take this with a grain of salt. Like, laugh, make fun of this prediction, but I just wanted to give everyone a heads up of my findings. So by the 19th to the 20th of this month, we maybe in more trouble than we think, we may need to start the recovery process soon as this is effecting a great deal of the market and not just cryptos if this issue is not recovered soon - or - see Bitcoin fall in price to the range of 10k by September 25, 2023 or late October 2023. I will add updates to this post as it progress. Be sure like, follow, and subscribe for more tips and prediction from me. Grandmaster_oz Will be creating a streaming channel soon so I will be covering future events live or on recording. Below the current status of the market today.
Short
by Grandmaster_Oz
24
Bollinger Bands Tightly Consolidated as BTC Remains Range Bound At present, Bitcoin has been trading within a narrow range of around $27,000, and this prolonged consolidation phase is a cause for caution. The Bollinger Bands, a widely used technical analysis tool, suggest that volatility is diminishing, and a significant price movement could be imminent. In light of this information, we strongly urge you to pause your Bitcoin trading activities temporarily. It is crucial to exercise patience and avoid making hasty decisions during such periods of consolidation. While it may be tempting to seize potential opportunities, the current market conditions warrant a more cautious approach. Here are a few reasons why we believe it is prudent to exercise restraint and pause BTC trading for now: 1. Reduced Volatility: The narrowing Bollinger Bands indicate a decrease in price volatility. During such times, market movements tend to be limited, making it challenging to predict short-term price trends accurately. 2. Potential Breakout: The tightly consolidated Bollinger Bands often precede a significant price breakout. By pausing trading, you can avoid potential losses resulting from sudden and unpredictable price swings. 3. Risk Management: Taking a step back from trading allows you to reassess your risk management strategies and ensure you are well-prepared for any potential market shifts. It is crucial to protect your capital and make informed decisions when the market provides clearer signals. While the decision to pause trading ultimately rests with you, we strongly advise against making impulsive moves during this consolidation phase. Consider this as an opportunity to reevaluate your trading strategies, conduct thorough research, and seek expert advice if needed. We will continue to closely monitor the market and keep you updated on any significant developments. Remember, patience and discipline are key virtues in the world of trading, and it is during these uncertain times that they become even more crucial. If you have any questions or require further guidance, please do not hesitate to comment below. We are here to assist you throughout this period of consolidation. Thank you for your attention, and we wish you all the best in your trading endeavors.
BITSTAMP:BTCUSD
by bryandowningqln