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What does the future hold for Crypto Mining?I have chosen RIOT as the chart, but I am looking at MARA and also BITF. But as a whole, looking at the WGMI (Valkyrie Bitcoin Miners ETF), BTC mining companies as a whole is taking a hit. Crypto itself is taking a huge hit and of course, this affects Crypto Mining. It did seem that Crypto was going to push higher as the expectations for the BTC ETF release was going to be the first part of pushing BTC to the "moon" and with the BTC halving, money would just start stacking for holders. But that didn't happen. There is a decent amount of geo political turmoil going on. Governments selling BTC. SEC doing what it can to get Crypto labeled as securities in order to bring the coins to its realm of oversight. The Yen carry trade unwinding. The potential of a recession. But there is the other side, where there is good news going on for BTC. The possibility of BTC becoming a reserve asset. The upcoming elections, with a a lot of fingers pointing at former President Donald Trump being very pro Crypto. But even if Kamala Harris (pointed in ALTCOIN daily), says that she is in support of crypto, then that will be a good push for Crypto to move higher. There is also the FED reducing rates towards the end of September; with the recent NFP coming out lower than expected and pushing the chances for a reduction in rates for 50 basis points to 50%. So if the self fulling prophecy for BTC hitting $100k - $150k do come true, then Crypto Miners are going to be cooking. Projects are already underway and the Crypto Market has been very resilent. There are those that thought Crypto was going to collapse during the silk road incident. Then after the cash in 2017 when BTC hit $20k. Then the Terra Luna incident. FTX collapse. Mt. Gox incident. And many others. Yet Crypto is still here. The main issue I think is where all the money is pilling into, and during 2017, crypto was starting to hit the mainstream and a lot of coverage was on it. Institutions finally starting trading BTC and others, as well a lot of retail traders and investors were pilling in. In 2021, people were staying home, receiving check after check of stimulus, wondering were to put it. Then when things started opening up, businesses were offering sign up bonuses. Afterwards, during both these events, once Crypto hit a certain lvl, a ton of people cashed out and instantly became very rich. This money flowed into other products, such as wants and/or other ventures/markets. Now money is flowing into different meme coins, AI, FAANG-M stocks, among other things. If BTC is able to push higher and hit the around $120k, then MARA, holding around 13,677 BTC will be worth around $1.65 billion, RIOT with a holding of around 7,250, will be around $870 million, and BITF, with holdings of around $1,016, would be around $121 million (which RIOT is attempting a takeover of BITF, offering a buyout of BITF, which BITF did not accept. If this does happen, RIOT would become a very strong competitor to MARA, pushing its exahash production from 12.6 to 19.6. MARA has an exahash of 29.9). For the price targets, if things go accordingly, MARA will likely be able to break out of the $20 resistance, avoiding the completion of the inverse cup and handle pattern. If this pattern forms, price will likely keep pushing lower, potentially to around the $8 lvl (at least breaking the $10). For RIOT and BITF, they have the same pattern as MARA, and WGMI price is in a monthly rising channel, so there is a strong possibility that price will drop, but if things go accordingly, then prices on these companies will also avoid the acceptance of the inverse cup and handle pattern. The psychological lvls for these two companies are $10 and $2, which could be hit depending on how things go these next few months. I am in a position on RIOT and a few on BITF, my positions are at a small loss, but I am selling covered calls and cash secured puts to offset the loss, which, when factored in, puts me at a net positive. Additionally, I am participating in the stock lending program, which is further offsetting my losses. I am on the side that price will push higher and I am willing to see it through. Protect your inventory (your capital), and have some great trading out there.
NASDAQ:RIOTLong
by DollarSaenz
14
#BTC/USDT Bounce Incoming! Futures Trade Setup!#Bitcoin : 10/10 So far! Bounce seems highly likely at this level. RSI Bullish divergence in the hourly chart. But of course, no one knows for certain in this kind of market! Invalidation:- Daily close below $54018.18! If you're looking for a swing Trade, $54890 to 56150 is a good range to accumulate long on spot! Futures Setup Here:- There's a higher chance of this setup getting invalidated if we lose 55500 again so be careful to try to keep your entry as low as possible to keep your Stop Loss small. Always use leverage below 5x! Entry:- $56150, (50% entry) $55700, (20% Entry) $54890 (30% Entry) Targets:- $57155 $57855 $58200 $59544 Stop Loss:- $53854 This is a risky trade so always do your research this is not financial advice. Do hit the like button if you want me to post more! Thank you PEACE
Long
by Cryptorphic
2
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.
by SerenityEquity
3
#Bitcoin to US Narrow Money Supply (M1) ratio 1W chart;#Bitcoin to US Narrow Money Supply (M1) ratio 1W chart; I suggest you read it to the end. This type of chart is used to understand how much Bitcoin has gained or lost in value relative to the Narrow Money Supply in the US. In the chart, the total market capitalization of Bitcoin is plotted against the US Narrow Money Supply (M1). M1 includes money in circulation (cash) and demand deposits at banks. This type of ratio can help to understand how valuable Bitcoin is in the macroeconomic environment. In a nutshell; If the chart is rising : Bitcoin is rising. If the chart is falling : The US money supply is increasing. If the US money supply increases and Bitcoin's market capitalization remains the same, then the chart will fall again. It means that Bitcoin is losing value against the US dollar. In short, we need to look more carefully at what is causing the decline. When does the US Narrow Money Supply (M1) appreciate? - Raising interest rates - Economic empowerment - Liquidity reduction The first 2 points above are not hard to guess, but let's elaborate on point 3; The FED may implement monetary tightening policies to reduce the amount of dollars in the market. In this case, the money supply may contract and the value of the dollar may rise. This is called illiquidity. To summarize; An appreciation of the US money supply often puts pressure on risky assets such as Bitcoin and can depress their prices. There are also important historical notes above the chart The white trend line is important . Because every time it comes here, we see that it experiences strong price movements with important news. Therefore, it may be necessary to follow the agenda closely when it comes to this trend line again.
CRYPTOCAP:BTC
by ugurtash
Bitcoin Mid-Term Update - Continued Uptrend All signs are in the ascendant Probably, we will reach the resistance line first, which can be seen well in the daily chart, then we have to see what the elders are doing Currently, traders can see a triangle in the one-hour time frame and trade based on it We already bought and risk management does not allow opening a new deal We published it here A new signal will be released as soon as possible Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
"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!
CRYPTOCAP:TOTAL3Long
by BrettFogle
2
Bitcoin Outlook after the Dip. What to expect NOW?BINANCE:BTCUSDT Bitcoin is attempting to break through resistance of symmetrical triangle pattern after bouncing off support. Wait for a decisive breakout above the ma 100 to confirm the continuation of the bullish trend📝 ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
BITSTAMP:BTCUSDLong
by CobraVanguard
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDShort
by tradergyan01
GROKUSDT: At ITS SUPPORT, IMMINENT BOUNCE within DAYSHello All, Welcome to the quick update of GROKUSDT. Unfortunately, The last setup I posted for GROK didn't work and hit our STOPLOSS. We saw GROK in a downtrend since last 1 week. As of now, it is trading at its weekly support of around 0.0041 to 0.0044. This point may be a major support and can pump anytime soon. Possible entry-exit points: Entry: 0.00421 to 0.00462 Target: 0.00503, 0.00617 until 0.00711 in the long run. STOPLOSS: 0.00367 Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!! This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits. Please like, share, and comment on this idea if you liked it. ScramblerG is always there to help and trade with caution but DYOR.
GLong
by ScramblerG
Bitcoin's Falling Wedge: A Cautious Approach The cryptocurrency market is renowned for its volatility and unpredictability. While technical analysis tools like the falling wedge pattern can offer potential insights into price trends, it's crucial to approach them with a critical eye. Even after identifying a seemingly bullish pattern, several factors warrant caution when considering Bitcoin as an investment. The Falling Wedge: A Double-Edged Sword A falling wedge is a chart pattern that indicates a potential bullish reversal. It's characterized by a narrowing price range with lower highs and higher lows. However, it's essential to remember that patterns are not foolproof predictors of future price movements. They are merely tools to help analyze market sentiment and potential trends. Moreover, the formation of a falling wedge doesn't necessarily guarantee an immediate or sustained price increase. It's possible that the price could consolidate or even decline further before breaking out. Additionally, the cryptocurrency market is influenced by a multitude of factors beyond technical analysis, including regulatory developments, macroeconomic conditions, and investor sentiment. Fundamental Risks Persist Beyond technical analysis, Bitcoin faces significant fundamental challenges. The cryptocurrency's price volatility, energy consumption concerns, and regulatory uncertainties continue to pose risks for investors. • Volatility: Bitcoin's price has historically exhibited extreme volatility, making it difficult to predict short-term movements. While this volatility can create profit opportunities, it also exposes investors to substantial losses. • Energy Consumption: The energy required to mine Bitcoin has drawn criticism for its environmental impact. Governments and regulatory bodies are increasingly scrutinizing the cryptocurrency industry, which could lead to stricter regulations or even bans. • Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains unclear in many jurisdictions. This uncertainty can create legal and operational challenges for businesses and investors alike. Alternative Investment Opportunities Considering the risks associated with Bitcoin, investors may want to explore alternative investment options. Diversification is a key principle of sound investment strategy, and allocating assets across different asset classes can help mitigate risk. • Traditional Assets: Stocks, bonds, and real estate offer more established investment avenues with potentially lower volatility and greater diversification benefits. • Other Cryptocurrencies: While the cryptocurrency market as a whole is volatile, some altcoins may present more attractive risk-reward profiles than Bitcoin. However, thorough research is essential to identify promising projects with solid fundamentals. • Emerging Technologies: Investing in companies or funds focused on emerging technologies, such as artificial intelligence, biotechnology, or clean energy, can provide exposure to high-growth sectors. Conclusion While the appearance of a falling wedge pattern on Bitcoin's weekly chart might be tempting for some investors, it's crucial to maintain a cautious approach. The cryptocurrency market is highly speculative, and past performance is not indicative of future results. By carefully considering the risks and exploring alternative investment options, investors can make more informed decisions and protect their portfolios. Ultimately, the decision to invest in Bitcoin is a personal one that should be based on individual risk tolerance, investment goals, and a thorough understanding of the cryptocurrency market. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research and consulting with a financial advisor is recommended before making investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin's Rollercoaster: A Temporary Respite or Precipice of a CBitcoin, the digital currency that once seemed invincible, has undergone a tumultuous period. A dramatic plunge from its peak to a low of $49,300 sent shockwaves through the crypto market. However, a surprising recovery has seen it rebound to $56,000. This raises a critical question: is this a reprieve before another, more devastating crash, or the beginning of a renewed bull run? Factors Fueling the Fall To understand the potential trajectory of Bitcoin, it's essential to examine the factors that precipitated its decline. Macroeconomic conditions, including rising inflation and interest rate hikes, have cast a long shadow over risk assets, and Bitcoin is no exception. Regulatory uncertainty, particularly in the United States, has also contributed to market volatility. Additionally, concerns about the environmental impact of Bitcoin mining have led some investors to reconsider their positions. The Rallying Cry The recent recovery can be attributed to several factors. Firstly, a wave of buying from institutional investors has helped to bolster Bitcoin's price. These large-scale investors often view market downturns as buying opportunities, believing that Bitcoin's long-term value proposition remains intact. Secondly, the ongoing development of Bitcoin's underlying technology, including advancements in scalability and privacy, has continued to attract investor interest. Finally, the growing adoption of Bitcoin as a payment method by major corporations has reinforced its status as a digital store of value. A Fork in the Road While the current rebound is encouraging, it's crucial to approach it with caution. The cryptocurrency market is inherently volatile, and past performance does not indicate future results. Several factors could derail the recovery and push Bitcoin back into a bear market. For instance, a more aggressive monetary tightening policy by central banks could trigger a renewed sell-off in risk assets. Additionally, increased regulatory scrutiny or negative publicity surrounding Bitcoin could erode investor confidence. Looking Ahead Predicting the future of Bitcoin is a complex endeavor. However, investors can make more informed decisions by carefully considering the factors outlined above. Those with a long-term investment horizon may view the recent dip as a buying opportunity, believing that Bitcoin's underlying value proposition remains intact. On the other hand, short-term traders should exercise caution and be prepared for increased volatility. Ultimately, the fate of Bitcoin will depend on a confluence of factors, including macroeconomic conditions, regulatory developments, and technological advancements. As the cryptocurrency market continues to evolve, it's essential to stay informed and adapt to changing circumstances. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies carries significant risks, and it's essential to conduct thorough research before making any investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
btc/usd Weekly targetsIt's been quite an exciting year for bitcoin with a new all time high around $73,500. Enormous runs like this that last over a year, 450 days, there's going to be corrections or cool off periods. Now's the time to stay calm, plot some targets and see where it lands. My targets and where horizonal fibs intersect with diagonal trend lines. When Bitcoin interacts with these levels I'll be paying extra attention for signs of support or reversal and go from there. It's really that simple if you don't cloud it up with emotion.
BITSTAMP:BTCUSD
by RighteousTA
2
Is Bitcoin BTC and crypto scamming now or it's FUDHello, Skyrexians! This weekend was extremely fearful on the crypto market, even more, today is a true "black Monday" and not only crypto, but also traditional markets are crashing right now. The most commonly known crypto trading strategies gave false signals before the crash. Most of top crypto trading platforms and top crypto traders faces with the huge losses, algorithmic trading bots and other algorithmic crypto trading software led their users to losses and liquidation. Different automated trading bots, grid bot and other cryptocurrency trading also performed awful for most of a people. Only ai crypto trading bot allowed people not to lose. The really dark time came to the market, how to overcome all this FUD and be successful in crypto trading. We know that the most important is understanding on which market phase we are now. In today's article we will look at the different charts and time frames on BINANCE:BTCUSDT price chart and try to understand what is coming next. Monthly time frame shows it's almost done If you see our previous Bitcoin analysis you will find that GETTEX:49K was absolutely reachable. But the speed of this move really concerns us and we need to take a look at the global picture first of all. The sideways which started in March 2024 led to the first red column on Awesome Oscillator, and this is our first reminder that the bull market is not forever. This is the first sign of weakness. Momentum is gone, therefore we cannot wait for the bull run continuation to the insane numbers like $200k. Bull market is almost over! The bearish divergence and Elliott waves counting tells us that wave 5 of super cycle is done and we will enter the bear market which has never been before. Is it time to panic? We assume not! Last wave 5 shall also consists of 5 waves and we cannot see now the clear confirmation that this bull run is finished. It's weakening but will likely continue. Where it will be finished. The approximate projection for wave 5 shows us that BTC will likely reach $80k+, but not significantly higher. After that we will see the bear market with target at $35k.
by Skyrexio
3