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.
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Bitcoinprediction
BTCUSD: Symmetric Triangle - Awaiting BreakoutBITSTAMP:BTCUSD is currently consolidating within a symmetric triangle, signaling a potential breakout in either direction.
Resistance Levels: $60,238 and $62,193
Support Level: $57,893
Watch these key levels for possible movement as Bitcoin approaches a decision point within the triangle.
BTC: Preparing for a 12% Rally!Hello traders,
I hope you all are doing well.
In our previous BTC update, we mentioned the rejection of BTC due to the RSI losing momentum. The price dropped 11% and currently holds at an important support range between $57.7k and $58.3k.
With the current price at $59.1k and the RSI gaining bullish momentum, BTC is expected to rally 10%-12%.
However, if BTC closes below the blue support box, it will invalidate the rally and likely experience a further drop.
Entry: $57.7k to CMP.
Stop loss: $57.2k.
Leverage: 10x-20x.
Target: 10%-12%.
Make sure you do your own research and analysis before investing.
Trade safely.
Regards,
Team Dexter.
BITCOIN (BTCUSD) Bearish Confirmation? Oops!Like Ive mentioned in my previous BTC analysis, that $61,500 was critical zone and if it drops below that level, we will see further downward movement and this is exactly how it turned out.
The SHORT position targets are marked on the chart using the Risological swing trader.
Stay safe and all the best.
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.
Follow us for more crypto news and weather reports!
Stock Surge Leaving Bitcoin Behind? Stock Surge Leaving Bitcoin Behind?
The longstanding correlation between the Nasdaq and Bitcoin took a hit today as the two markets diverged, signaling potential shifts in investor sentiment.
This breakdown could be a precursor to broader market volatility, particularly as Nvidia prepares to release its much-anticipated earnings report tomorrow.
Nvidia initially opened lower today but reversed course, closing up 1.6%. The stock has rallied nearly 10% in August, fueled by bullish commentary from customers who are continuing to invest heavily in data centers and Nvidia-based infrastructure. This optimism has set a high bar for tomorrow’s earnings.
Bitcoin, meanwhile, is trading at $62,000, about 25% above its lowest point this month. However, the cryptocurrency is potentially facing stiff resistance at $65,000. This struggle at a key technical level could be a signal of waning risk appetite.
The Federal Reserve’s potential rate cuts are also a double-edged sword for Bitcoin. While lower rates typically boost risk assets, there’s a growing concern that such a move could indicate deeper economic troubles ahead.
On the bullish side, Paul Christopher, head of global investment strategy at Wells Fargo, recently likened the current market environment to 1995, when the S&P 500 soared to 77 all-time highs. If history repeats itself, stocks could be on the cusp of a rally not seen in nearly three decades.
Bitcoin's local perspective 26.08.24Overall, nothing is happening globally, we have been trading within the MDB of May 21 and we continue to do so - the market has been particularly boring for the last two weeks😐
As for the local outlook, either through liquidity removal around the $65,300 level, or immediately - it makes sense to expect #BTC to drop to the $62,581 and $61,646 levels, where we will try to gain a small position on the rebound.
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Bitcoin and altcoin overview(August 27-28)Yesterday for Bitcoin , as expected, we transitioned to a local correction from the global sell zone.
At the moment, we have reached the first resistance zone - prices around $63,000. Sales are quite weak, but we don't see any signs of protection for this zone, except for a small decorrelation in cumulative delta.
The main expectations are for the downward movement to continue to the next buyer's zone.
Globally, we expect a resumption of the upward movement, either after breaking through the downward trendline within which we are declining, or after a volumetric reaction from the buyer in the marked zones.
Buy zones: $61,500-$60,600 (accumulated volumes), $59,550-$59,000 (accumulated volumes), level $56,100, $52,000-$50,000 (volume anomalies), level $48,000.
Sell zones and near-term targets: $67,000-$68,300 (mirror volume zone), $70,000 (round number, market seller aggression).
Interesting altcoins
For the N ULS coin, during the rise, a zone with volume anomalies formed at $0.52-$0.55, from which a reaction to sell should be expected.
The situation is similar for the JUP coin. We received positioning from the $0.88-$0.90 zone for selling. We consider a short position upon retesting this zone.
Bitcoin respecting the 2 key moves very well ! This week, the price performed very well according to the analysis we did last week. The two key levels have been taking a very positive effect for Bitcoin's next surge. As we can see in the chart, Bitcoin broke through our inefficiency zone with great strength, creating a volumetric bullish candle. This is a very positive pattern, as in the last two days, it has remained in the key confirmation zone which I mentioned in my last Bitcoin analysis.
As we can see, Bitcoin is still in a range, but it is recovering little by little. The best part is that Bitcoin is following the exact movement we have been predicting since we started this analysis several weeks ago.
Looking at volume, buying pressure, and the overall structure, starting Monday, we could see Bitcoin make a strong bullish move. But note this: the price has not yet broken through my confirmation zone #2 or the green zone, so it could stay there for a few days before we see a strong upward trend.
Best regards, and thank you for supporting my analysis, we are doing very well!
Bitcoin Rally on the Horizon? Analyzing Q3-Q4 2024 Potential Bitcoin Rally on the Horizon? Analyzing Q3-Q4 2024 Potential
by Mentor Luc of Global Miranda Miner Group
Bitcoin appears to be setting up for a significant rally in Q3-Q4 of 2024. Historical data from the 2020 Halving shows a similar pattern, where Bitcoin experienced a strong upward movement during the same period. This year, the likelihood of a rally is further supported by the current economic environment, where monetary policies are adjusting, and interest rates are expected to decrease. Moreover, the continuous accumulation of Bitcoin by major ETF issuers like BlackRock is a strong indicator of institutional confidence, adding weight to the possibility of a rally.
Additionally, the Fibonacci Retracement tool suggests that the next key resistance level could be at the 1.618 ratio. In 2020, this level correlated with a resistance point of $61,000, leading to Bitcoin reaching $69,000 by November 2021. If Bitcoin follows a similar path in 2024, the 1.618 ratio could indicate a resistance level around $173,000. This analysis provides a clear and compelling case for the potential of a Bitcoin rally in Q3-Q4 2024.
As a trader or investor, how do you incorporate historical data and market signals into your strategy? Are you prepared to capitalize on a potential Bitcoin rally, or will you wait for more definitive signs? Is your portfolio ready for the possible market movements in Q3-Q4 of 2024?
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Disclaimer: This analysis is based on historical data and current market conditions, but it does not guarantee future performance. Cryptocurrency investments come with significant risks, and it’s crucial to conduct thorough research and consult with financial professionals before making any investment decisions.
BITCOIN MONEY MAGNET potential will rise easily to 69,000Just a simple chart and simple trading.
In my analysis, I see a high probability that Bitcoin will rise easily to the important resistance point of 69,000 on the next week, if the diagonal trend line is not broken.
Note : Please follow your strategy, this is just my idea and i will gladly see your ideas in this post.
Don't forget to put STOP LOSS for your position, remember STOP LOSS is the key of consistency trading for long term.
BTC remains bearish next targets 57.7k and 56kIn this video, I provide an update on my previous trading analysis.
I'll discuss the current targets for the bearish scenario and highlight the key levels to watch. Additionally, I present a bullish counter-idea and explain where the invalidation of the bearish thesis might occur. This way, you'll be well-prepared no matter which direction the market takes. Stay tuned to catch all the important details!
"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!
Bitcoin Targeting 61500Hello traders,
I am sharing a long position:
Entry price: 59200
Target: 61500
Stop-loss: 57800
As per above 4H chart, Price is on support of downtrend channel - middle line
Price is on the support of uptrend channel - low line
I set the target to be resistant level @ 61500
Good Luck
BITCOIN UPDATE - NOT Yet BullishHello guys,
Current BTC position: SHORT
Sorry, I have been busy trading the Indian stocks and options and not trading a lot of Crypto after the recent WazirX exchange Hack!
On 4H time frame the BTC is still not in the bullish zone.
Bullish confirmation is only above the price $62,000
Support and resistance levels have been marked on the chart for your reference.
Bitcoin BTC price can repeat the growth fractal from 2020-21?The fall of stock markets and the crypto market on 📉"Red Monday" 05.08 was called the most painful since the beginning of the Covid-19 period in March 2020.
Who we are to argue with "analysts and giants of financial thought"?)
We have copied the fractal of OKX:BTCUSDT price behavior since March 2020 and applied it to the current situation.
😱 And it's a "magic", at now everything is very well relevant
Then we "seasoned" the chart with the marks when the Fed rate could be cut, namely: 18.09, 08.11, and 18.12. and added a "little" fibo levels that can work well in the future, because they worked well in the past.
And here's what we're getting:
1️⃣ for the next week, the price of #BTCUSD shouldn't fall below $52,000
2️⃣ growth acceleration after the first Fed rate cut.
3️⃣ 2025 should be greeted with the price of CRYPTOCAP:BTC around $77000
4️⃣ and by the end of 2025, it would be nice to see $154000 for CRYPTOCAP:BTC
Write comments under the idea and put 🚀 to subscribe, and watching how it will work out.
And the more reactions will be under this idea, the more interesting idea updates we will make ;)
Supermoon Effect: Can it Propel Bitcoin to New Heights?Bitcoin has exhibited its first sign of revival, sparking the question: is this a genuine resurgence, mirroring the May 15th breakout, or a brief rebound akin to the June 30th false break? Interestingly, the recent supermoon event has prompted me to consult the moon phase indicator, which suggests a heightened likelihood of a sustained upswing, potentially propelling Bitcoin to the upper bound of the channel.