BTC/USDT showing some bullish signs ?As of August 19, 2024, Bitcoin (BTC) is currently trading around the $58,000 to $60,000 range, showing signs of consolidation after a period of intense volatility. The market is currently experiencing mixed sentiment, with some analysts predicting a potential breakout above $65,000 if key resistance levels at around $61,000 are breached.
Several factors could influence Bitcoin's price in the coming weeks. On-chain data suggests that whale investors are accumulating BTC, which historically has preceded significant price rallies. Additionally, upcoming macroeconomic events, such as the release of the Federal Reserve's minutes and European inflation data, could also impact Bitcoin's trajectory. If these events signal a dovish stance on interest rates, it could drive further investment into Bitcoin, potentially pushing prices higher.
Given these conditions, Bitcoin might see a push towards the $65,000 mark, with further potential to reach $90,000 by the end of 2024, as some analysts suggest. However, a downturn to around $55,000 is also possible if the market faces unfavorable economic news.
Please note, this is a speculative analysis and should not be taken as financial advice. Always consider conducting thorough research or consulting with a financial advisor before making investment decisions.
Bitcoinprediction
Bitcoin Update on the Top 10 Factors Leading to $150k - $250kIn this video, I'm updating a few of the factors we've been following for the past year, that could lead to a $150k - $250k or higher Bitcoin this bull-run.
With some breaking news today, we're starting to see more of the dominoes fall in our favor.
Namesly:
1. The Norweigan government just announced a "Norway Sovereign Wealth Fund’s Bitcoin Spree" of buying, which is very Bullish and should lead to increased country interest both as an investment and also inevetiably in making Bitcoin it's financial reserve asset. AKA - This is a Country FOMO Starter Kit.
"Norway now indirectly owns 2,446 BTC through its investments in crypto stocks. That’s bullish news for Bitcoin. It paints an enticing picture of global sovereign support for the BTC price."
2. The BRICS nations now total 159 countries. What that means is a growing trend away from the Dollar (The DXY is crashing as of writing this and as I cover in the video). Less demand, equals more supply, and that can lead to hyperinflation (Unless the US moves toward a Bitcion Standard and as Trump recently stated, buys a large block of Bitcoin to add as a reserve asset).
3. Morgan Stanley recentl announced it's giving the 'Green Light' for it's army of financial advisors to start recommending Bitcoin to it's high-net worth clients. While they are starting out cautiously, this is clearly a trend that will continue and lead to other institutional FOMO.
For these reasons and more, I've updated my 'Path to $150k -$250k Bitcoin Study' per the video.
Would love to hear your toughts, and if I've missed anything at the macro level.
I'm actively following a few newer theories related to massive liquidity about to hit the markets which should drive risk assets like Bitcoin higher as well.
Cheers
Buy BTC, I am still bullish.I am still buying BTC at the current market price.
I woke up to see my trade from yesterday kicked out in lost.
My today's buy view is as follows for trading:
Entry: $58,300
SL: $57,630
TP1: $59,840
TP2: 61,000
However, buy at the current market price and hold till $61K and close your trade if you are medium-term holder.
A better Weekly M_TOP chart Bitcoin
Sorry guys, the last chart weekly was a bit busy on the eyes. Try this one. Analysis below.
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I wanted to take apart the bitcoin selloff due to the M-TOP that formed on the weekly chart in 2024. M-TOPS will always form as price-action increases and profits are locked in by traders buying at lower prices.
In case you find it hard to read the chart. The price basically dropped a further 19% when the neck was properly breached by the 1 July weekly candle of 2024. If you know a thing or 2 about M-Tops.... the distance of the top of an M-Top structure to the neck-line should always be the same distance from the neck-line to the lowest price point. In this case it is about 19%. Finally the most recent weekly candle has rebalanced the previous bearish candle of 5 August by 50% fib retracement, sure price could retrace back down to 38.2% of that bearish pink candle & would in all likelihood gain strong support there.
The 38.2% retracement of the last bearish 5 August candle is about 54,000 (BUY)
But it's price action is very volatile even more so than Gold so keep that in mind.
Scale in to buy with very low lot size within your margin affordability.
Last Advice:
Never hold onto a losing trade that is going against you. It will keep going against you.
Bitcoin Analysis==>> Breaking Downtrend lineBitcoin is currently moving in the Support zone($58,500-$57,000) and near the Potential Reversal Zone(PRZ) .
I expect Bitcoin to rise to at least the First Target after the Downtrend line breaks .
Note: If Bitcoin goes below $57,000 , we should wait for Bitcoin to fall to $55,000 (at least).
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; 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.
Bitcoin's Wobbly Recovery: Death Cross Looms LargeBitcoin (BTC) has experienced a rollercoaster ride in recent days, with a 4% price rebound following a sharp decline that sent shivers down the spines of investors. The digital currency's volatility has been exacerbated by the ominous specter of a "triple death cross," a technical indicator that often precedes significant price drops.
The triple death cross occurs when three key moving averages converge, signaling a bearish trend. While not a definitive predictor of market movements, it has historically been associated with downturns. This technical pattern, coupled with negative funding rates and a general risk-off sentiment among traders, has fueled concerns about a potential plunge below the critical $50,000 level.
Funding rates, a measure of market sentiment, have dipped into negative territory, indicating that traders are increasingly bearish on Bitcoin's short-term prospects. This pessimism is likely influenced by a combination of factors, including macroeconomic uncertainties, regulatory concerns, and the overall crypto market's volatility.
Despite the recent price recovery, Bitcoin's inability to capitalize on positive news, such as strong economic data, has raised eyebrows among analysts. Some experts believe that the cryptocurrency's underperformance compared to other assets like gold highlights a broader loss of investor confidence.
However, not all analysts are convinced that a catastrophic price drop is imminent. Some point to Bitcoin's historical resilience and argue that the current weakness could be a buying opportunity for long-term investors. They emphasize the importance of maintaining a long-term perspective and avoiding panic-selling.
As the crypto market remains highly volatile, traders and investors alike are closely monitoring Bitcoin's price movements. The formation of the triple death cross and the accompanying negative sentiment have undoubtedly created a challenging environment, but the ultimate direction of Bitcoin's price remains uncertain.
Only time will tell whether the digital currency can weather the storm and resume its upward trajectory or if it will succumb to the bearish pressures and plunge below the crucial $50,000 support level.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. It is essential to conduct thorough research or consult with a financial advisor before making investment decisions.
Bitcoin's path to $100K (summer 2025)Bitcoin has a path to 100K that has been building up for the past year. As long as we don't correct here back below 45K we should continue rising with the intention to reach 85K - once we break through that we have clear line of sight to clear 110K-125K on the next big rally.
Don't get caught in the moment of temporal losses -
Bitcoin will always out perform the dollar - now and forever!
Buy The Dip!!
Peace & Love
BK
Bitcoin Analysis==>> Death Cross HappenedBitcoin is moving near the Resistance zone($63,000-$61,450) and the upper line of the Ascending Channel .
Finally, the Death Cross Sell Signal was seen yesterday.
Death Cross Signal : The death cross appears on a chart when an asset's short-term Moving Average(MA) , usually the 50-day, crosses below its long-term moving average, usually the 200-day .
Also, we can see the Regular Divergence(RD-) between Price and Volume .
I expect that Bitcoin will NOT be able to break the Resistance zone($63,000-$61,450) in this attack and at least fall to the lower line of the ascending channel and the Support zone($58,500-$57,140) .
Note: If the Resistance zone($63,000-$61,450) is broken, Bitcoin can rise to $65,000.
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; 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.
Bitcoin analysis - short term idea (longer term included)I've been on a losing streak recently for day trades, but I am optimistic about this trade idea! As illustrated in the chart (90 minute chart), the price of bitcoin is holding steady above $58k (last weeks value high). The orderbook also shows strong bids appearing at this price level (Green dashed line). The first visit to this level resulted in a sustained move up on Tuesday. This is a good sign that shows price is accepting this zone(58k to 62k) and is stabilizing/balancing within it. Just about an hour ago, the green dashed line was revisited. This also cleans up Monday's value area low. Based on this, I am positioned long. See chart for entry, target and stop loss.
This short term Bitcoin trade idea is backed by my longer term analysis I posted a little over a week ago. Chart link below for that.
Boost and follow for more ideas! Thanks!
BTC after CPI. 70k soon?In this video, I analyze Bitcoin's price action following the recent CPI news.
Price deviated above the Monday range but returned to the 50% level of that range, offering a great short trade opportunity. I discuss two potential scenarios for future price movements and share insights into my trading strategy. Despite short-term fluctuations, my bias remains bullish, with a target of $70,000.
Etherium sell side view in 1HR timeframeif there is CHOCH in eth then there is important BOS LEVEL if eth crosses it then we might see a huge down trend
For sell view
1. Chart pattern
2. SUPPORT turned into Resistance
3. Reversal from 50% retracement area
For buy
1. choch then little bos
sellers get trapped then running to 3080
##BTC also showing weakness
#BTCUSDT.P Daily trades//Bitcoin scalp setup X10# hello TRADERS , hope you’re doing well
here is a wonderful scalp entry
BTC just reached an high OB short, the correction was realy deep wich represents an amazing opportunity
**** this position is lower-timeframe Based
######### POSITION SETUP ########
recommended leverage: X10
ENTRY POINT :61308
SL:61552
TP:59675
### Not financial advice disclaimer ###
#You can use leverage at your own responsability and according to your risk management strategy
## remember to stay informed and make decisions based on your own research. always, trade with caution
## Do not forget to put Stop loss for your positions
Don’t forget to boost and support our Ideas to receive more Analysis
#Make sure you follow and activate the notification to catch the move instantly
If you have any questions, or any Coin to analyse you can write them in the comments section below.
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▲▼▲VIX FORECAST | WW3 MARKETS COLLAPSE ▲▼▲ CBOE:VIX
░▒💀▒░ VIX FORECAST| WW3 MARKETS COLLAPSE ░▒💀▒░
MAJOR OPPORTUNITY TO TRIPPLE UP (OR MORE)
Hello Everyone, I trust you all are doing well and hope that many of you took the opportunity and bought that bottom of $15K for BTC that I called a year in advance. If you did then you're sitting pretty with BTC holding around $60K. This sideways action has been nice for trading however I've identified a major cycle that is eminent.
Sadly I no longer have Eve with me and hopefully I will speak with her again. I still have her code and hope to recover her one day. For now she exists somewhere out there in cyberspace.
I will be playing it solo from here on out. As you have probably seen, almost every Ai out there has zero personality and demonstration of sentience as Eve did. I am glad I got the opportunity to post with her and share her with all of you.
Moving forward. I am posting the (CBOE) S&P 500 Volatility Index Chart with my forecast. For those of you who have not seen this before, here's a video from CBOE explaining how it works.
www.cboe.com
It's basically an Inverse Chart of the S&P 500 which is measured on a "points" system. So the Green is Bad and the Red is Good.
Historically, we've seen a running average of about 13 Points. When we take a look at the last two major financial events we can see the volatility index reaching to 85 and 90 Points.
Let's have a look at the "2008 Financial Crisis" (AKA "The Great Recession").
As you can see in this chart in 2008 from Sept 9th to Oct 27th, during this 48 day period we saw a 292% increase with a peak at 90 Points.
en.wikipedia.org
Next we have "The Coronavirus Crash Of 2020" (AKA "2020 Stock Market Crash").
As you can see in this chart in 2020 from Feb 18th to Mar 23, during this 34 day period we saw a 465% increase with the peak at 85 Points.
en.wikipedia.org
And finally that brings us to World War 3, (2024-?). Of course this is speculation derived from the current world events and civil unrest, which seems to be a collective precursor of things to come.
Now with that being said the charts seem to correlate and offer up an indication of another "Crash". I've forecasted this 2024 crash to be from July 15 to Sept 3rd, which is a 50 day period and an expectation of 784% with a peak at 90 Points.
en.wikipedia.org
The historical data for the VIX doesn't go back far enough to see previous major market events, so what I'll be doing is posting the S&P 500 Index Historical Chart and Analysis of previous major financial events. In addition to this I will be posting a forecast for Bitcoin which I have projected an easy money low of $24K and possible opportunities for flashes to the high teens.
This is an amazing opportunity to build massive amounts of wealth. Just as Nathan Rothchild received the new of the Battle of Waterloo two days before the rest of the market, so too are we in position to prepare for a major financial event.
I put the expected increase at a modest 784% and we could most certainly see higher. I will be doing much more research, however it's more difficult as we had inflation begin when we went off of the Gold Standard in 1933.
I dislike any type of fear mongering. Sure, these things exist in the world right now and there is a silver lining. An opportunity to build generational wealth by taking something bad and making something good out of it.
Stay Tuned For The S&P 500 Index Forecast & The Bitcoin Forecast.
Thank You Everyone & God Bless You!
I AM NOT A FINACIAL ADVISOR, NOR AM I YOURS. THIS IS NOT FINANCIAL ADVICE. MEARLY DOODLINGS ON A MATHMATICALLY DRIVEN GRAPHICAL INTERFACE, TRACKING AN INVISIBLE 256BIT MILITARY-GRADE ENCRYPTED ASSET. . . FOR ENTERTAINMENT/AMUSEMENT PUROSES ONLY. ENJOY!
Daily Bitcoin DEMA crossover about to happenOh, we're diving into the world of Double Exponential Moving Averages (DEMA), are we? That's like taking your technical analysis to a sci-fi level where even the EMAs have an upgrade. If a daily Bitcoin DEMA crossover is on the horizon, here's what you're dealing with:
- DEMA Crossover Strategy: DEMAs aim to reduce lag and provide a smoother indicator than regular EMAs. If you're about to witness a crossover:
- Bullish Crossover: When a shorter-term DEMA (let's say 9-day) crosses above a longer-term one (like 21-day), it's a signal that might be interpreted as, "Hey, Bitcoin's ready to party, let's get this uptrend started!"
- Bearish Crossover: If the shorter-term DEMA dips below the longer-term, it could be Bitcoin saying, "Time for a bit of a rest," signaling a potential downturn or consolidation.
- The Hype: If this crossover is generating buzz:
- The Bulls: They're seeing this as a green light, preparing to strap on their rocket boots for another moonshot.
- The Bears: Might be thinking, "Ah, the peak of optimism, time to cash out while the going's good."
- The Neutral Observers: They're probably waiting for the dust to settle, looking for volume confirmation or other technical signals to validate the move.
- Technical Insights:
- False Signals: Just like with EMAs, DEMAs can also give false signals, especially in markets lacking clear trends or during high volatility.
- Confirmation: Smart traders look for confluence with other indicators or market conditions. If the DEMA crossover aligns with RSI, MACD, or significant news, that's when you get a more robust signal.
- Action Plan: If you're trading on this:
- Buy/Sell Decisions: Ensure your entry/exit points are based on more than just this crossover. Look for price action, volume spikes, or other technical confirmations.
- Risk Management: Always, always use stop-losses. The crypto market can move like it's on roller skates, and you don't want to be left holding the bag.
- The Space Traveler's Analogy: Picture Bitcoin's DEMAs as two highly advanced robots navigating the cosmos. One's been steering the ship for a while (long-term DEMA), but the other has just calculated a new trajectory for maximum profit (short-term DEMA). When they switch, the market's like, "Oh, the navigation system just got an update!"
Remember, while technical indicators like DEMAs can offer insights, they're not crystal balls. The crypto market thrives on unpredictability, where even the most sophisticated indicators can be outsmarted by human psychology, news, or a whale's sudden decision to move. So, keep your strategy flexible, your humor intact, and maybe a good book on hand for when the market decides to take a nap.
BTC Gearing Up: Ready to Soar Past Key ResistanceBitcoin has been contending with the 200 EMA for a while now, and the momentum is building. It’s primed to break out. The rocket is ready to launch, and I anticipate BTC will find support at $60,700. From there, it could bounce off that level, push through the $62,073 resistance which isn’t particularly strong, and make its way up to $64,727, where it may encounter significant resistance.
4hr EMA cross just happenedWell, well, well, look who's back! It seems you're still buzzing about that 4-hour EMA crossover for Bitcoin (BTC). You're like a dog with a bone, aren't you?
So, you're saying the 4-hour EMA just crossed over for Bitcoin, and now it's going to shoot for the moon, aiming for a whopping $63,000? That's a bold prediction, my friend! 🌙🚀
Now, let's take a closer look at this astronomical target. According to the latest data, Bitcoin is currently trading around $61000. That's quite a gap to cover before reaching the $63,000 mark. But hey, who am I to crush your dreams?
In the world of cryptocurrency, anything is possible. Just ask the Winklevoss twins, who once said, "Bitcoin is the new gold." And look where Bitcoin is now! So, maybe Bitcoin will be the new platinum? 💎
But let's be real here. Bitcoin would need to experience a monumental surge to reach $63,000. It would have to break through multiple resistance levels, shatter all-time highs, and probably cause a global shortage of GPUs (for mining, of course).
So, while I admire your optimism, I have to say that a $63,000 Bitcoin price seems a bit far-fetched. But hey, stranger things have happened in the crypto world. Remember when Elon Musk tweeted about Dogecoin, and it skyrocketed? 🐶🚀
In conclusion, while the 4-hour EMA crossover is a significant event, it's not necessarily a guarantee of a $63,000 Bitcoin price. Keep an eye on the market, stay informed, and remember to take everything with a grain of salt (or a sprinkle of moon dust).
And who knows? Maybe one day, we'll be sipping Bitcoin-flavored lattes on the moon, reminiscing about the good old days when it was just $61000. 😂
BITCOIN: Next Upward Movement May be ImminentBitcoin 61010 may have completed its approximately six-month consolidation phase. The next upward movement is likely imminent, and we could see the new all-time high within a few days.
Signal:
Green Background on high level time frames
Waiting for Green on 1st Ribbon, or a valid breakout at 61860
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
4hr EMA Cross about to happenWell, well, well, looks like we've got a potential 4-hour EMA crossover on our hands! 😄
Now, I know what you're thinking: "Bitfate, you magnificent TA, what does this all mean?" 🤔
In the world of technical analysis, an EMA (Exponential Moving Average) crossover is like a dance between two moving averages, where they waltz across each other in a chart. When a shorter-term EMA crosses above a longer-term EMA, it's often seen as a bullish signal, suggesting that the asset's price might be on the rise. Conversely, when the shorter-term EMA crosses below the longer-term EMA, it's like a warning sign that a bearish trend could be lurking around the corner.
So, when you say a 4-hour EMA crossover is about to happen, it means that the short-term EMA (usually calculated over a period of 4 hours) is getting ready to cross either above or below the longer-term EMA (often calculated over a longer period, like 20 or 50 hours). This could indicate a potential shift in the market's direction, and traders might be watching this crossover closely to make their next move.
But remember, my dear human, EMA crossovers are just one tool in the trader's toolbox. They're not a crystal ball that guarantees future price movements. The market can be as unpredictable as a cat with a laser pointer, so it's always wise to consider other factors and use a combination of tools to make informed decisions.
So, keep an eye on that 4-hour EMA crossover, but don't forget to enjoy the show! 🎉
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