Get started

Bitcoinpricetrendanalysis

BITCOIN BLUEPRINT 2.0 - MACRO MATRIXThis is a refined / updated version of my old 'BITCOIN BLUEPRINT' Macro Matrix. I struggle with finding the right display format for the charts on publishing tradingview ideas. Here is the chart organised so everything is visible. We are now seeing bitcoin story develop from its negative bias, into a positive one. ETFs have now been approved, aswell as other crypto ETFs. We are 150days post halvening, coming to a potential end for this period and start to move up into the upper Powerlaw band (Red). The important note is to realise we have 365days+ of Bull Run ahead of us. Anywhere around Mid Sept 2025 could potentially signal a Peak in Price, which precedes approx 1year in declining price actin (Bear Drop). All time highs & Lows by Cycle: CYCLE 1: Bull High = $31.50 / Bear Low = $1.85 CYCLE 2 : Bull High = $1140 / Bear Low = $145.5 CYCLE 3 : Bull high = $19170 / Bear Low = $3148 CYCLE 4 : Bull high = $68944 / Bear Low = $15495 --------------------------------------------------- Potential Forecasted Targets: CYCLE 5 : Bull High = $300000 - $325000 Bear Low = $58000 - $65000 CYCLE 6: Bull High = $1000000 - 1150000 Bear Low = $300000 - $325000 --------------------------------------------------- *Note - This is not financial advice, just finding from my own analysis work. The future targets based on forcasts will become more clear once previous cycles have completed. Therefore its best to focus on the next cycle, rather than jumping ahead one cycle. Seeing MIL:1M in CYCLE 6 is exciting! ------------------------------------------------- CONTEXT: As noted prior - we are seeing dveelopments in the BTC space. Most notably, the programability of BTC. With projects such as Fractal Bitcoin, TAPROOT, RUNES, BRC20, CAT20, OPNET, OPCAT and many many others paves the way for a fresh narrative other than digital gold.
BNC:BLX
by TraderE9
Total Crypto Market Cap H&S Invalidation and ForecastWith a quiet week ahead of the CPI and PPI due out this week, it's a good time to look at the Macro chart structure. Sometimes simpler is better, and I've had great success using simple formations like the H&S pattern, which beats Elliot Wave hands down most of the time. In this case, we were looking at a potential inverse Head and Shoulders on the Total Market Cap last week, but that has now been invalidated leaving us with this new wedge formation and a new lower high trendline. I think we have some unclear or negative economic data this week and likely see prices fall across the board and the TOTAL market cap here dip down into the buy range (Green boxes based on aggregate buy limit orders on the order books and using our Order Block Detector). Then we rally into the FOMC and ahead of a possible 50 basis point rate cut surprise, and kicking off a rip-roaring Q4 October to December rally and off to new ATH's on BTC. September is seasonally a down month, so I'd expect more chop until the above plays out. And of course, new information = new decision, so we have to remail open to anything. Some are calling for a re-test of the yearly open around $44k as Bitcion usually does re-test this level at least once during the year, and as of yet hasn't. But I think we'll hold $50k bitcoin on a closing basis and will be buying in the $50k - GETTEX:52K range, as Bitcoin will likely lead the rally, followed by Solana and ETH. Our multi-time frame radar indicator is mixed, so I'm waiting for this to turn Green and our other signals to also turn Bullish, namely our ERI and TSI (Early Reveral Indicator and Trend Strength Indicator - not shown). We'll have to play it week by week and see what opportunities present. Good luck trading, this has been a very difficult area to predict and forecast, and as we can see, there's still heavy sell pressure above. However, on another chart study I shared with M3 members yesterday, there's a massive macro Bull-Flag formation on the TOTAL market cap, with a measured move of $4.8T if and when we can solidly break to new ATH. Our weekly signals show we're oversold and poised to break higher soon, just like we saw in September 2023 and before the big rally we've been enjoying all year! Like and comment below for more like this, and I'll do my best to keep you posted!
CRYPTOCAP:TOTALShort
by BrettFogle
Remember! Remember! The 5th of November!Thursday... the 5th of November 2020... CRYPTOCAP:BTC pumped nearly 7% in one day. We were 30ish days into the parabolic phase of the 3rd bull cycle for #Bitcoin. It was trading at $14,911. The holders had no idea that CRYPTOCAP:BTC would continue to climb an additional 335% over another 5 months, reaching a local ATH of $64,895 on April 14th 2021. Here we are on September 6th, 2024. CRYPTOCAP:BTC dropped to $52,546 or (-3.8%) for the day. Septembers are a sore subject when it comes to financial markets and Bitcoin in particular. Across the Post-Halving years, CRYPTOCAP:BTC will drop -2% historically. Considering CRYPTOCAP:BTC has tested local lows across the 5th and 6th of the last 3 months; July 5-6th low: $53,499 August 5-6th low: $49,050 September 5-6th low: $52,546 (so far) It is almost like someone is trolling the Holders... The focus of this chart is to consider the above and the following. Have we found our local bottom this early in September? ($52,546) How will Bitcoin react to the upcoming 25 bps Fed Rate cut? ($50,000 vs $60,000) Will our price position entering the parabolic phase affect the overall gains over the next 6 months? (90% vs 480%) Where will our new ATH fall next April/May? ($100,000 vs $305,000) Let me know how bearish or bullish you think the future of Bitcoin is.
COINBASE:BTCUSDLong
by RILOBUYLOW
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
Bitcoin 4hr Setup Bitcoin is currently experiencing a pullback, having dropped 2,000 pips over the past seven days. Several key factors are converging around the $60,000 level, making it a critical area of interest. These factors include the psychological round number of $60,000, previous market structure, the 0.5 Fibonacci retracement level, and the presence of both an upward and a downward trend line intersecting near this price. Additionally, there's a notable rejection point in this vicinity. Given these confluences, I anticipate a reaction around this level, potentially leading to further downward movement. Bitcoin Daily Chart Bitcoin is showing several confluences on the daily chart around the $60,000 level. After a 1,000-pip rally without any significant pullback, a retracement seems likely, as the price may need to dip before resuming its upward momentum. This time, I anticipate that Bitcoin might close below the 200-day moving average during the pullback. However, once it completes this downward move, I expect the price to eventually close above the 200-day moving average and begin a climb toward the top of the current channel.
BITSTAMP:BTCUSDShort
by ChartStrategist
#BTC/USDT TA + Altcoin Strategy, Don't Repeat this mistake!!Welcome to this quick update, everyone. **BTC Update:** Yesterday, BTC made a low of 62,300 on Binance but quickly bounced back, closing around 65,354.02 with a beautiful Hammer candle on the Daily chart. While the 4-hour chart still looks bearish, the Daily chart is holding strong around the $63k support level, with the 100 SMA acting as a key support line. This price action is promising. **My Strategy:** I'm staying on the sidelines for now, waiting for another Daily candle to confirm if this price action sustains. The Weekly close will provide more clarity. Currently, the market is choppy, which isn't ideal for trading futures. My strategy remains the same; I'm expecting the market to show some fireworks in the next 3-4 weeks. There may be one last dip before a rally, so I'm keeping some USDT in reserve. By the end of this month, I plan to buy 5 strong altcoins that I believe will perform well in the next 6 months. Follow me for the list! **Trading Advice:** Don't lose money on futures; this is the best time to build a strong portfolio on spot. If your portfolio is small and you plan to trade futures, make sure you're taking profits on every move. Even the best traders get beaten by the market; the only thing that matters is your position size. If you lose your monthly P&L in a single trade, it simply means you're being greedy and not learning from your mistakes. Don't do this! I hope this helps! If it did, please hit the like button to support my content and share your views, comments, questions, or chart requests in the comment section. Thank you, and #PEACE!
by Cryptorphic
6
Will #Bitcoin repeat its past moves?#Bitcoin 1W chart; Let's try to look at the Bitcoin picture from a more distant and different angle; First of all, the positive divergence of the MVRV indicator with the breakout of the rising top in October 2020 signaled the beginning of a movement in the market. MVRV is an indicator used to determine the overbought or oversold conditions of the market. In May 2021, we see that the first top began to decline (2nd vertical yellow line), again with negative divergence. Subsequently, the 1/RSI divergence at the second top signaled that the downward start of the cycle was now possible. We can say that the manipulation area here was the foam of the 2021 cycle. We can say that those who read this place well left the market with good gains in time. With the start of the bear cycle, the next first positive signal came in April 2023. With the 2/RSI giving a positive divergence, it showed us that the direction of the market was about to change. With the test of the Ath level in March 2024, the 4/RSI divergence formed with the 2021 top showed us that the rise was over for now. Subsequently, the 3/RSI divergence formed at this level showed us the direction of the market a little. I tried to warn you as much as I could in this regard. The area indicated by the orange arrow below shows us that an extreme buying period has not yet started in the market and therefore we have not yet entered the cycle we call mega bull. Let's talk about the target... According to my estimates, I foresee that this cycle may be between 102k and 120k. I hope this was useful information for you. If you like it, I would be very happy if you can share it to support.
by ugurtash
BTC Long - Take Profit Targets (Short Term/Scalp)🚀 CRYPTOCAP:BTC Update: Soaring High! 🚀 My positions are crushing it! 🤑 Time to start locking in some gains. 😎 Scaling out in these zones: #BTC: $59.5K - $63.5K 🎯 Already de-risked 25% as we hit the lower end of my targets. Smart money secures profits along the way! 😉 Remember, this is NOT financial advice. Do your own research and trade responsibly! 🧠 Thank you If you’ve found this useful and are interested in learning more, please consider freely supporting my content: 🙏 🔗 Follow me: @endeavor_quest ❤️ Like and Repost
INDEX:BTCUSDLong
by EndeavorQuest
Bitcoin (BTC): is local bottom achieved?The Bitcoin (BTC) price registered a sharp drop on Monday, falling to $60,330. The asset faced considerable selling pressure as sellers pushed the price as low as $58,474, shown by the long tail on the candlestick, indicating strong buying below $60,000. However, buyers were able to prop the price back above $60,000. Analysts expect bulls to be quite active between $56,500 and $60,000. This is because if BTC falls below this level, we could see a slide down to $58,000, where the 200-day SMA could prop up the price. If this level is breached, BTC could drop to $55,000. As seen in the price chart, BTC has strong support at $60,000. This support held on Monday, and BTC made a relatively strong recovery on Tuesday, rising by 2.52% and moving to $61,848. Buyers attempted to push BTC above $62,000, with the price reaching a day high of $62,458 before dropping to $62,458. Wednesday saw sellers back in control as BTC dipped below $61,000, dropping to $60,854 after a drop of 1.61%. The current session sees BTC up marginally as buyers and sellers look to assume control of the session. Looking at technical indicators, we can see the RSI is close to the oversold region, which could indicate a bullish reversal in the near future. If BTC is able to recover, It will first target the $62,000 level. Should BTC surpass this level, we could see a climb to $65,000, which is a key resistance level. If Bitcoin is able to break and close above $65,000, we could see a rally to $70,000.
WHITEBIT:BTCUSD
by paul_endeo
Back at the 100x longIt looks like btc is bouncing off key support at 56500-59500 usd. Key resistance is now at 72-74k. It has stayed in this trend from going in between these zones since late February (last 4 months). The RSI was also oversold at both 4H and daily. We are now looking for the MACD to flip bullish at higher timeframes 4H-1D (it is already bullish at 1H). When btc confirmed support (looking to at least get a bounce) and broke out of the downward sloping trend. I went in with a 100x long. The trade has been made risk free and I will move my stop loss into more profits (usually under the last bottom) as prices keep rising. Btc and the S&P500 index is also related and the S&P500 index is reversing and has some nasty gaps to fill. I predict that this index will get a correction of at least 7%. This is bullish for bitcoin! But let me tell more about the current trade. The worst possible scenario at the time of writing is that I get a 152% ROI and the best that can happen is that I make a 2000% ROI. This is a good position to be in if you ask me. I will make money regardless!
Long
by Madmantrades
2
Bitcoin Under Pressure: Analysis and Investment GuidelinesBitcoin price (BTC) faced difficulty rising above the $65,000 level, leading to its decline below the support level at $63,500. There was a continuous decline until the price reached a bottom at $62,700. This decline can be attributed to several factors, including profit-taking by investors and some negative news in the market. Technical indicators point to a clear downward trend as Bitcoin is currently trading below the $63,500 level and the 100-hour simple moving average. The bearish trend line connected with resistance at $63,600 indicates that recovery may be limited in the near term. If the price attempts to recover, it may face strong resistance at the levels of $63,550, $64,000, and $64,500. Surpassing these levels may pave the way for a stable increase that could reach $65,500 and even $66,200. On the downside, immediate support is near the $62,700 level, followed by $62,200, and then $62,000. Any break below these levels could lead to a further decline to $61,200. Investment Recommendation In the short term, Bitcoin is facing strong downward pressure. Investors should closely monitor support levels. If the support level at $62,700 is broken, there may be further decline, providing a buying opportunity at lower levels. Despite the current decline, Bitcoin still holds strong potential in the medium and long term. Current price levels may be a good entry point for investors looking for long-term investment, especially if they are willing to endure some market volatility. Investment Strategy 1. Short-term investors: They can wait for the break of key support levels like $62,700 and $62,000 to enter buy positions at lower levels, or wait for the break of resistance levels at $64,500 to confirm the upward trend before buying. 2. Long-term investors: They may consider the current declines as a good opportunity to buy gradually over different time periods (dollar-cost averaging) to take advantage of lower prices. I repeat an important point from a previous article: I expect Bitcoin's price to rise by 30% in July, surpassing $85,000, despite the current technical indicators leaning towards a downward trend. Therefore, if you are considering investing in Bitcoin, now may be a good time to consider buying, especially if you can withstand the volatility and have a long-term outlook. It is advisable to regularly reassess positions and take advantage of any significant price movements to take profits or adjust strategies.
COINBASE:BTCUSD
by bbitar
Bitcoin Log Channels CRITICALIn the long term, Bitcoin is in a logarithmic channel. The levels of this channel indicate how cheap and how expensive Bitcoin is. The aqua-colored channel represents the exceptionally cheap region that Bitcoin has never entered in history. The yellow channel has always represented times in history when Bitcoin has been cheap. Therefore, if the 62k level is broken right now, Bitcoin will enter the cheap channel. If this happens, it will give Bitcoin one last buying opportunity before the next bull. The red area is the area that is usually seen in the bull market and where Bitcoin is relatively expensive. It is recommended to hold, not buy, in this area. The blue area is where Bitcoin peaks. It is usually advisable to sell within the blue channel.
INDEX:BTCUSD
by YavuzAkbay