Get started

Bitcoinprice

What news is needed to push the #DXY down? Let's take a look;Do you remember the pandemic period? The markets seemed to crash first, many of us even said, let's keep our money, neither stock market nor investment, let's see the way ahead first, let's not be exposed. Today, they had another case that shook the world. I say they did because I think there is nothing unconsciously done. Does the Monkeypox case look familiar? Could Bitcoin be pricing it in again right now? Not yet; I think today's drop is due to the NYSE withdrawing its offer to trade options on #Bitcoin ETFs. However, they will deepen the situation and it will create a domino effect. For exchanges that shape the world economy and politics, every movement on the charts is very valuable. Although the crypto exchange is not yet at this level, we are sure that it will be much more valuable in the near future. This chart I am sharing with you is the #DXY 1W chart ; It takes big events to make big moves on key charts like this one. It is highly likely to make a pattern like the one in the chart (no one knows tomorrow and the next move 100%). We are traders and our job is to make predictions. In order to make accurate predictions, we have to include all the data that concerns us. And those who make the right predictions and take the right risks always win.
TVC:DXYShort
by ugurtash
Could this be the most logical drawing ever made for #Bitcoin ?#Bitcoin 1W chart; As followers may remember, we have interpreted the Bitcoin chart from many different perspectives before, so let's look for different meanings from a different perspective; The first thing I would like to draw your attention to is the RSI signal that formed at the top of 2021 before falling. These signals are valuable for charts because they foretell that the market can't move any further in that direction. After the signal at the first top of 2021, there was a deep drop of around -50% . Fibonacci shows us here that after completing its decline in value between 0.5 and 0.618 (golden ratio value) , it started to rise again. In fact, the bear cycle started after the same mismatch on the RSI side for the second time. So we had 2 serious rises in the bull cycle in 2021. Now... What do we see after the first drop in 2021? We see that the 50 EMA (50-day moving average) yellow line was broken with a hard candle in the first place, then there were closures above and below this zone for 10 weeks , and then it experienced its second peak rise. Now let's look at the current cycle, the 2nd Fibonacci values. Here again, we can see signals on the pre-decline RSI, but they are more pronounced on the daily chart. With Bitcoin's decline, we see that it broke the 50 EMA with a hard candle pin, as it did in the previous cycle. Under normal circumstances, we should statistically expect it to rise after 10 weekly candles in total, as it did the previous time. However, there is an important point here. The Fed Rate Decision Meeting to be held on 18.09.2024 , which I indicated with a yellow vertical dash line (it appears as 16.09 because the chart is weekly) As I stated in my previous articles, I expect the first interest rate cut to be made on this date. Accordingly, after the 50 EMA is broken, we have a total of 7 weeks until the meeting date. Accordingly, if Bitcoin will come back to the Fibonacci golden ratio range as in the previous cycle, then we should expect a sharp decline from the current level because time is running out. I would like to add a footnote here; the previous Fibonacci took support from 0.618 (golden ratio) and created a balance in that region. In today's decline, it took this support at 0.5. Therefore, it may not want to see the 0.618 level. 0.5 levels point to around $48k. If you remember, in another previous Bitcoin chart I drew a Bullish harmonic pattern starting from around GETTEX:48K , you sometimes ask me if my bearish expectation is still valid. How can I be bullish when all the different perspectives I have drawn and tried to show you are all bearish. Let's come to our 3rd Fibonacci levels. I think that the highest level for #Btc in this cycle could be a level between $102k and $122k and I show you the reasons why I think so on the technical chart. You will never see any imaginary and emotionally driven odds, rockets, flaming tweets from me. I think we will leave this market on time thanks to the bearish signals that Bitcoin will show when it reaches its peak in this cycle. If you have read this far, you can support me by liking, commenting and sharing. Love ✨
by ugurtash
2
BTCUSD ( UNDER BULLISH PRESSURE ) ( 4h )BTCUSD HELLO TRADERS after the price of bitcoin breakout the support trendline, currently again likely towards to reach this trend line , know trading above turning level around 58,152 . Tendency, the price is under bullish pressure , until trading above turning level around 58,152 Upward Zone: As long as the price stays above the turning level at 58,152 , bitcoin is likely to rising towards resistance level (1) at 62,212 . If a 4-hour candle closes above this level , it could push further to 65,753 . Once the price stabilizes above the resistance level (2) around 65,753, we might witness to reach resistance level (3) at 69,500 . Downward Zone: by breaking turning level around 58,152, it suggests a decline towards support level (1) at 54,665, confirming a downward trend. If the price stabilizes or stays below this level, there is a strong likelihood of reaching the support level (2) around 51,260 or possibly even lower . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 58,152 before rising . TARGET LEVEL : RESISTANCE LEVEL : 62,212 , 65,753 . SUPPORT LEVEL : 54,665 , 51,260 .
Long
by ArinaKarayi
1
New IBIT Downside Gap To Fill Signaling Bitcoin RetracementWe have been following the BlackRock NASDAQ:IBIT 1 Hour and 4 hour chart since it was released earlier this year, and noticing that... Like the CME chart gaps, the IBIT chart gaps also similarly seem to fill. EVERY ONE SO FAR. So I'm now eyeing this lower gap to fill, and since the IBIT tends to be a leading signal to Bitcoin price, I'm expecting Bitcoin to drift lower to re-test recent lows before heading higher again.
NASDAQ:IBITShort
by BrettFogle
Bull Flag/Broadening Triangle hints Bullish CaseThe latest chart you've shared illustrates the bullish flag and descending broadening triangle pattern within a larger uptrend. If the bullish scenario plays out, the targets can be anticipated as follows: 1. Bullish Target 1 at $85,643 : A breakout from the current flag could lead Bitcoin towards this first major resistance level. 2. Bullish Target 2 at $102,304 : If momentum continues, the next resistance would be around the psychological $100K mark. Bearish Scenario: - If Bitcoin fails to break out from the flag, there could be a retest of the lower trendline: - Bearish Target 1 at $55,567 : A drop to the 0.618 Fibonacci level. - Bearish Target 2 at $44,714 : Further decline towards the 0.382 Fibonacci level. - Bearish Target 3 at $38,000 : The lowest support in the broader descending channel. This setup reflects both potential upside and downside risks, with key levels to watch for directional confirmation. Bitcoin's current position at $60,800 shows resilience, but the next few moves will be critical for determining whether it breaks above or retraces towards the lower targets.
COINBASE:BTCUSDLong
by CryptoFallen
BTC/USDT IN THE CHANNEL AND BTC NOT FAR FROM 62K LEVELWe are checking the trend for the next target up 62K, we did an update before about the correction that is already done and BTC looks positive for the next increase target. With this update, we did expect before the correction and already it did gain BTC is in the channel zone and can make any time new volume up 62K With this update, we did add the possibility that BTC will enter 62K For now, we expect there is a high chance BTC will visit again the 62K level soon. BTC already opened an important new cycle trend. We saw that before cycle activation, BTC increased further. If we can meet a new strong volume coming time, then BTC will able to target up to 63K The volume of the moment is stable, but it is not the main volume. There is always a chance BTC will look for liquidity below the price actions, but the chance will stay high will target below liquidity or direct liquidity.
Long
by SatochiTrader
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.
Long
by go8686
AFTER THE CORRECTION BTC CAN REENTER FOR SECOND TIME 62KWe did add before about the expected correction for BTC Like the before 62K target, in the correction, there can come a high candle recovery trend as we have seen before to gain again 62K There is a good chance that BTC will retest the 62K level again with a new liquidity volume after this correction trend. know that correction always enters with panic and manipulation trends. In the zone where we are now, BTC can find new LONG liquidity also with the new coming weekly chart start. we will follow the back trend to 62K level with updates. the reversal does not always go directly, in more times the trend should become first stable before a new increase starts. Follow always only your plan and risk management we are not advisors or get paid for it. Trading is more than just a simple basic update.
Long
by SatochiTrader
NEO/USDT: Prime Buying Opportunity Amid Bullish Reversal SignalThe NEO/USDT pair is currently trading at 4.153, showing signs of a potential upward reversal after a recent downward correction. This retracement has brought the price to a critical support level, which is being closely watched by traders. The Relative Strength Index (RSI) has recently dipped into oversold territory, indicating that the selling pressure may be waning and a reversal could be imminent. Additionally, the Moving Average Convergence Divergence (MACD) is beginning to show a bullish crossover, which historically signals a shift in momentum from bearish to bullish. Moreover, the price action suggests that NEO has formed a bullish divergence, where the price is making lower lows while the RSI is making higher lows. This divergence is often a precursor to a strong upward move. The 50-day moving average is also flattening out, suggesting that the recent downtrend may be losing steam and that a base is being formed. Considering these technical indicators, the current level offers a strong buying opportunity for investors looking to capitalize on the potential medium-term upside. The combination of oversold conditions, bullish divergence, and a potential MACD crossover suggests that NEO could see significant gains from this point. With the price at 4.153, a well-timed entry could allow for substantial profits as the market reverses and begins to move higher. Therefore, this pullback should be viewed as a prime opportunity to buy, with the expectation of a strong rally in the coming weeks.
Long
by SafeCryptoSignals
6
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 9, 2024Technical Analysis and Outlook: Bitcoin encountered a substantial decline during this week's trading session, reaching Mean Support 55800 and Key Support 53800, and subsequently retesting completed Outer Coin Dip 54000. The considerable selling pressure finalized Outer Coin Dip 51000 and major Key Support 50700. The overall upward trend remains ongoing, leading to the establishment of a new Mean Resistance 61700 and the completion of the Interim Coin Rally 62600. The potential extension towards Mean Resistance 65500 and 68500 holds significant promise for the forthcoming week's sessions. The likelihood of temporary downward pressure toward the Mean Support at 57400 exists before the coin resumes its upward trajectory.
BITSTAMP:BTCUSD
by TradeSelecter