Get started

Bitcointoday

BTCUSD I 1 hr double bottom formation and long opportunityWelcome back! Let me know your thoughts in the comments! ** BTCUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
BITSTAMP:BTCUSDLong
by BKTradingAcademy
12
What to expect from BTC in the next six months? Global forecastHalf of 2024 is over. During this time, Bitcoin has managed to update its 💥 historical highs. What can we expect from bitcoin and the cryptocurrency market in the future? For six months, there was only one month when the price was actively growing. It was February 2024: In one month, the BTC price rose by 💎43% and began consolidating on the monthly timeframe. In March, the BTC price updated its historical high. This month saw the highest volume trading in 2024. The situation with BTC is most dangerous on the monthly timeframe . For 4 months, bitcoin has been consolidating under the historical high. If we didn't know that it was bitcoin, we would have expected the price to fall by the end of 2024 with a minimum target of $41,000. However, a similar situation with bitcoin occurred exactly a year ago. The BTC price stopped in consolidation starting in March 2023. During the summer, bitcoin did not move anywhere globally, and since September, we have seen a powerful wave of growth: Given the fact that bitcoin has never stopped its growth after updating its historical highs, the likelihood of such a scenario is also high: Great! So how do we make trading decisions? To do this, let's look at smaller timeframes. For example, a weekly one. After a strong upward momentum in the BTC price since September 2023, sellers have reacted rather weakly to the update of the historical high: In our opinion, everything will become clear after the BTC price updates the $56,000 mark. If the decline slows down and the price rebounds actively, we do not expect a deep correction of BTC and will wait for the extension of the BTC term and the update of historical highs by the end of 2024. However, if there is no support in the $55,000 range , this is a signal that 2024 will end with a boring correction with the main target of $42,000. And until the BTC price tests the $55,000 range, we would not make global decisions. However, what will happen to altcoins if, for example, bitcoin goes to $42,000? Here, I would like to show you a chart of BTC's dominance on the monthly timeframe so that you can understand how much things can change: Since October 2023, it has become extremely difficult to update local highs on the BTC dominance chart. And this is not even helped by Bitcoin ETFs. During July-August 2024, bitcoin's influence may drop sharply to 47%. Therefore, even in a negative scenario, when bitcoin falls to the $42,000 range, other cryptocurrencies should not fall as much as they did in June. And now let's look at what chance the cryptocurrency market has of falling back into a protracted crypto winter! Here is a chart of USDT's dominance on the monthly timeframe: In January 2024, the USDT dominance indicator broke through the 2019 USDT dominance uptrend! The worst-case scenario we see now is a retest of the consolidation in which USDT dominance moved from June 2022 to October 2023. However, such a scenario is possible if the current 5.1% range does not keep the pressure off USDT dominance: On the weekly timeframe, we can see that the growth structure of USDT dominance does not look strong. What conclusions can be drawn from this information? 👉By the end of the summer, bitcoin has a good chance of losing its influence on the cryptocurrency market. And it can happen abruptly. 👉In July, it will become clear whether the cryptocurrency market will grow by the end of 2024 or whether 2024 will end on a bearish note. 👉Right now, there is a critical point in the cryptocurrency market from which the market can start a new medium-term growth wave. And it is during this growth that altcoins will feel good. What do you think about the cryptocurrency market by the end of 2024? Write your thoughts in the comments!
by P_S_trade
19
BTC Status🧐As you can see on this time frame we have a bullish trend at 3 ascending waves from 28Nov till 1Dec and after that, we can see the price near the primary resistance zone is building a falling wedge pattern, this pattern can send the price up but I don't like to see this pattern bottom of the resistance zone !! I want to see this pattern above the support zone, so I don't care about this pattern. so if we consider that 3 waves are one ascending wave at the upper time frame we need 1 correction wave for that and that price is 16500 this is my opinion what is yours? if the price break the resistance zone this analysis become fails.
by zZzArmiazZz
1
BTC NEXT EXPECTED MOVES Hello everyone .. first of all, this is not a financial advice it's just a view how i see the market depending on few studies that we have been passed through specially in bitcoin Fundamentally: BREAKING: The FTX hacker is selling thousands of ETH and buying wrapped #Bitcoin Technically: as we spoke before that we already spotted a symmetrical triangle. Bitcoin started a fresh decline from the $17,000 and $16,800 resistance levels. The price is trading below $16,350 area which is the resistance now for the broken symmetrical triangle and a great support line. There is a key bearish trend line forming with resistance near $16,350 on the 4-hours chart of the BTC/USD pair The pair could resume its decline below the $15,500 support zone in the near term and might reach the target for the triangle at 1.618 fib levels @ 13800-14000$ areas The pair also could retest the broken support again in near future @ 15800-16,000 ish areas and decline later to hit the bear flag targets which i expect to 10500-11800 ish areas, and why i expect that >> due to market history specially while people calling the bottom . Good luck everyone and be careful how to trade it . and most important thing don't be greedy and fomo about the bottom is there, don't worry you will get your chance when its time ..
by Htback
2
Rising Wedge!!!Another bearish pattern is in the charts right now which already broken down and currently retesting it so it does make a confluence that we might see some more downside action in the price of Bitcoin, however recently the onchain data shows that 2billion dollars worth of BTC just took off from exchanges, So for that reason it does seems like we might see a relief rally type of scenario, Although if this pattern plays out perfectly the target would be $31,110.
BITFINEX:BTCUSDShort
by BeardBoyCrypto
2
Bitcoin 300k by the year of 2021My long term analysis price of Bitcoin, I wonder what other people think? I am a big believer in crypto and one day it will get as high as shown on the graph! I advise everyone to buy in 10%-5% of your income (salary) each month, no matter what the price is today! Don't wait for the pull backs, as you will buy your bitcoin higher and lose out. In just a couple of years, holding you bitcoin could earn you 2000% of income. As they say history repeats and we are at early stages of adopting crypto, don't miss your chance to be rich! My twitter: @CryptoWolfy7 PS This is my own opinion, not financial advice. Good Luck!
BITSTAMP:BTCUSDLong
by ArturMemetov
Bitcoin analysis short termThe Key for bitcoin in the next days is to find support above the red (20ema, weekly) and orange (50ema, weekly) lines! Thats absolute key! Once Bitcoin gets support above the red and orange line the targets are between the two Fib Levels (1.618 and 2.). Bitcoin can also get rejected by the to mentioned lines. If this happens it will be very important for bitcoin to stay above the turquise line (100ema, weeky). We are pretty sure bitcoin will not touch the blue line (200ema, weekly). Generally speaking, bitcoin should go soon much higher then it is now.
BITFINEX:BTCUSDLong
by Sako_han
Plain and Simple Bitcoin Daily Analysis - 3/18/21 - BTCUSDTPlain and Simple Bitcoin Daily Analysis - 3/18/21 - BTCUSDT Yesterday, price actions followed precisely my prediction for a rise around the 59K level. Today nothing big is happening for now in terms of fundamentals. Just the perspective of a coming week-end. Now week-ends is where things happen... bullish things. High Vix, positive MACD, but high RSI is going to give us a steady ranging, on the upside. Aiming at a sluggish 60K, and passing it quietly would not be a surprise. But there is no much fuel to go higher for now. Except if we get some news to lift up "ze moood". Thanks for reading ! Stay safe. And remember, no pain, no gain ! See you all tomorrow, and don't forget to ...... smash that like button ! And don't forget to subscribe to my feed to get my daily analysis in your Trading view chart Comments are also welcome anytime. And go check my socials down there if you like this analysis!!!!
Long
by Copytrade_TV
BTC - At Resistance | Getting ready to go higher?After yesterday's rise, bitcoin is floating near range high at $9400. For shorts - $9400 level looks like a good place to place asks, but considering the price is holding well and multiple tests of this level, I wouldn't short from here. For longs - $9100 looks like a good level for crazy fast long scalps. Less risky - $8550 area as previously mentioned, but there are all the chances that we did not get here until Halving. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
BITMEX:BTCUSD.P
by Bitduke
BITCOIN - TODAY - MARKET UPDATE - 11/15/2019BTC took out its previous low, indicating wave C remains incomplete. We'll now see if the 0.786% projection for waves w and y at 8k can contain the decline. Whether wave B has unfolded as a triangle, or an ending diagonal is underway for wave C , our immediate focus remains on lower; at least while the upper boundary of the impulse channel acts as resistance. The decline is likely to continue toward the lower target area which is highlighted on the 240-minute chart. Key Levels : 7296.44, 9150, 9450.00, 10540.49, 10939.34 Keep you updated as this price evolves. We go together Together we are stronger Share and like I am not Bearish long term. I am a Bull of Bulls. Thanks God bless you! =============================================================================== BlackMEX - PREMIUM We are a BITMEX specialized channel. Our philosophy focuses on capital preservation and good risk/return operations. We'll share our analysis, calls, and share studies that can help you be a better trader. Enjoy! ** 2 weeks free sign up Telegram > t.me =============================================================================== Twitter > twitter.com ===============================================================================
COINBASE:BTCUSDLong
by ferGOD
3