Bitcoin Possible Pullback to 43.7Bitcoin near the top of our rising broadening wedge but could pullback before it goes higher.4 Hour shows possible pullback
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Bitcointrading
DOGE is a safe place???Currently you can see Doge go up.
BIGTIME & BTC go down.
IS THIS TIME FOR THE DOGE MOON??? I THINK SO!!!
NOT FINANCIAL ADVICE IT CAN GO TO ZERO or mars!!
Can Bitcoin Hedge Against a Falling Dollar?Global inflation often signifies a weakening of global currencies. The question of whether Bitcoin can serve as a hedge against a depreciating dollar has gained significant interest among investors.
Or should it still be the Gold?
In this study, we will analyse the top 8 cryptocurrencies to determine which one is a more reliable currency hedge.
Bitcoin & Its Minimum Fluctuation
$5.00 per bitcoin = $25.00
BTIC: $1.00 per bitcoin = $5.00
Code: BTC
Micro Bitcoin & Its Minimum Fluctuation
$5.00 per bitcoin = $0.50
BTIC: $1.00 per bitcoin = $0.10
Code: MBT
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Feeling Brave?! Sell Bitcoin Now at 50% FibJust under 42K in BTCUSD is the 50% Fib of the entire drop from record highs to the 2022 low. It is also the objective from the recent triangle breakout.
Note: this is very counter momentum - which are usually works out pretty quickly - either in profit or loss! Also - the triangle is probably part of a bull pennant in which case the upside objective is more like 49K.
BTC BEARISHNESSBitcoin price is likely to deep ,forming an ending diagonal btc is likely to deep and by wycoff distribution every thing is also bearish
Possible Bitcoin BTC price move for next 3 monthThere are two elements in the market : "retail money" and "big money".
The former buys longs based on rumors and news around ETFs.
The latter, based on the same news, receive increased trading volumes at the expense of retailers and dump their positions to them, rather unnoticed.
For ourselves, we assume that in the next 3 months, the price of BTC may move in a similar "white fractal" pattern:
- a sharp downward impulse and the overlap of the $34100-34400 GAP formed on CME BTC.
- further prolonged sluggish growth, ultimately without updating the highs - "dead cat bounce"
- January 2024 - the beginning of ETF decisions announcements - the beginning of a relatively deep correction in the crypto market.
What do you think about this scenario? Write in the comments
BTC is near to a FALLBITSTAMP:BTCUSD
Bitcoin is continuously making higher high but with bearish div. It will fall from here. Take trade accordingly. DO not get in FOMO.
BTCUSD: Right where it's supposed to be.Bitcoin is on the very healthy bullish technicals on the 1D timeframe (RSI = 60.823, MACD = 1089.300, ADX = 23.103) extending a controlled uptrend. The 1W timeframe remains overbought though (RSI = 74.426) as there has been no hard correction since mid August. Perhaps the relief in late weeks is an attempt of 1D to neutralize the overbought state on 1W without a strong correction.
Regardless of this, Bitcoin is right where it's supposed to be when compared to the previous Cycles. On this chart you see the harmonic structure of every bottom that leads to cyclinder pattern that ultimate paves the wave for the end of Cycle rally.
There has always been one extreme event' crash on every Cycle, after which the market bottomed and never looked back. It was COVID and Bitfinex before, this time we had FTX and now the market shouldn't break the 1W MA50 again before the next Bear Cycle starts. All that's left now to do is see how close the price will be to the 1W MA50 in the next Halving (April 2024) as from that point onwards the parabolic rally can start any moment.
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Bitcoin Rising Wedge = 33000$?Hello everyone! Bitcoin is forming a rising wedge on all time frames, with a potential target around $33,000.
If the price breaks and holds above the upper resistance line, then the idea becomes invalid.
Bitcoin Could Still hit 38K OR dumps to 35.9Bitcoin Hit Our target from yesterday to the teeth.it could come back up to grap the late shorters and higher liquidity or it could go low.untill losing 36K there will be possibility of an short squeez again.
Thanks for watching and take care
BTC on his way to a new rangeBTC probably will range till end of December before any significant correction. I would say the range could be from 38K to 44K $.
At the moment is has all SMAs and EMAs in order to keep moving very bullish.
Exciting News: BTC Soars Around $36,000! SMA 50 > SMA 100 200The latest news is that BTC is currently hovering around an impressive $36,000 mark! This is a momentous milestone that demands our attention and calls for action.
Why am I so thrilled about this? Well, let me break it down for you. As seasoned traders, we understand the importance of technical indicators and trends. And right now, BTC is showing us some auspicious signs. The Simple Moving Average (SMA) 50 has surged higher than the SMA 100 and 200. This is a clear indication of a bullish trend, suggesting that BTC has the potential to continue its upward trajectory.
Now, I don't know about you, but this information has got my adrenaline pumping! It's the perfect opportunity to capitalize on the market movement and maximize our profits. So, without further ado, I urge you to consider joining the long BTC movement today!
By going long on BTC, we position ourselves to benefit from the potential price appreciation and take advantage of this bullish trend. As we've seen in the past, BTC has a history of remarkable surges, and this could be just the beginning of another significant upward movement.
So, here's the call to action: Take action now and seize this golden opportunity! Open your positions and go long on BTC. Don't let this thrilling moment pass you by. As traders, we live for these exhilarating market conditions; this is our chance to ride the wave of success.
Remember, trading always involves risks, and it's essential to conduct your own analysis and make informed decisions. However, with the current market indicators favoring a bullish trend, going long on BTC seems like a promising strategy.
As always, stay updated with the latest market news, monitor your positions closely, and adapt your trading strategies accordingly. The crypto market is dynamic and ever-changing, but we can navigate it successfully with a calculated approach and a touch of excitement.
BTC Risky Long There are some small chance that MM has finished to squeeze longs. I am taking a risk here but ideas look decent
BTCUSD correctionBTCUSD reach double top resistance at $38,046.
If this resistance cannot break up, we have classic support at $35,972 to hold correction .
this classic support also same level as fibonacci 0.618 support around channel up support.
38,000 top for a long period or not ?Will it be a 3-wave move downwards or will we impulsively go down?
Time will tell!
The 3-wave move (ABC) => The 38,000 top will likely be broken in a relatively short period of time.
The impulsive move (12345) => The 38,000 top will continue to act as a top for a longer duration.
Bitcoin's Bull Run to $39,968: Unleashing Strong MomentumOverview:
Bitcoin has recently displayed a compelling technical pattern, forming a triangle with a notable high at $37,978 and a corresponding low at $35,784. The chart indicates a period of consolidation, setting the stage for a potential breakout on November 12. This impending move is further accentuated by a strong resistance level at $39,968, making it a key target for the anticipated upward movement. The bullish outlook is substantiated by fundamental factors, notably BlackRock's proposal to introduce a Bitcoin Exchange Traded Fund (ETF), currently awaiting SEC approval by October 2023. Additionally, the projected decrease in November USD inflation to 3.3% and Federal Reserve Chairman Powell's expressed inclination to lower interest rates create a favorable environment for BTCUSD.
Technical Analysis:
1. Triangle Breakout: The technical analysis reveals a well-defined triangle pattern, signifying a consolidation phase. A breakout is expected on November 12, providing a clear signal for potential bullish momentum.
2. Target at $39,968: Historical data and meticulous technical scrutiny indicate a significant resistance level at $39,968, establishing it as a plausible target for the upward movement.
Fundamental Analysis:
1. BlackRock's Bitcoin ETF Proposal: The potential approval of BlackRock's Bitcoin ETF presents a substantial catalyst. Approval could attract institutional investors, fostering positive market sentiment and potentially elevating Bitcoin's market position.
2. USD Inflation Decrease: The projected reduction in November USD inflation from 3.7% to 3.3% is a favorable macroeconomic factor. Lower inflation mitigates pressure on the Federal Reserve to raise interest rates, benefiting risk assets like Bitcoin.
3. Powell's Interest Rate Stance: Chairman Powell's vocalized desire to lower interest rates to 2% reflects a dovish stance. This dovish sentiment is typically conducive to the performance of Bitcoin, as it diminishes the relative attractiveness of traditional fiat currencies.
Risk Factors:
Market Sentiment: Rapid shifts in market sentiment or unforeseen events can exert influence on cryptocurrency prices. Traders should remain vigilant for sudden changes in the market landscape.
In summary, a comprehensive analysis incorporating both technical and fundamental factors supports a bullish breakout scenario for Bitcoin around November 12. The potential target of $39,968 aligns with historical resistance levels and is strengthened by positive developments such as BlackRock's ETF proposal, decreased USD inflation, Potential Powell's dovish interest rate stance. Traders are advised to closely monitor SEC decisions and stay attuned to broader market dynamics for informed decision-making.
Bitcoin Will Continue Consolidating And LiquidatingBitcoin still has liquidity to the both side to take, we could see another sweep to both upside and downside. with this much liquidity we might continue our consolidation untill a decrease in liquidity happens to make a major move.
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BTCUSD You will get another opportunity to buy if you missed thiFew are looking into what has perhaps given historically the most accurate results on Bitcoin, the 1M timeframe. Technically, it has just gottern out of neutrality and turned bullish (RSI = 56.333, MACD = 1504.800, ADX = 27.300) suggesting that the market is past the dangers of the previous Bear Market and has already started the Bull Market.
The current rally is being performed on an October rebound on the 1M MA50. It is not over yet, there are high probabilities of peaking between December and January. Looking at the 1M LMACD, the benchmark is the Bullish Cross that was formed in June (2023). Every prior Bullish Cross, initially delivered a rise then minor pull-back and eventually the final parabolic rally of the Bull Cycle.
We have measured the bottom of the LMACD on each Cycle to its peak and the previous two have been 25 and 27 months in duration respectively. A 25 month estimate for the current Cycles gives us a peak projection for March 2025. We can't of course be certain of the exact peak price but what the LMACD has shown is that every Cycle High is priced when the LMACD hits the 10 year LH trendline. Best to realize profits on your Bitcoins near that level.
Before that, Bitcoin should give us one final pull-back going into the new Halving (April 2024), so that will be your new opportunity to buy if you missed the entry on the current rally.
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Bitcoin: Thoughts and Analysis Today's focus: Bitcoin
Pattern – Ascending Triangle Pattern
Support – 33,780
Resistance – 34,717 - 35,480
Hi, and thanks for checking out today's update. Today, we are looking at the Bitcoin on the daily chart.
Today's focus mainly focuses on the ascending triangle pattern we are seeing in the current up-leg. Could this set up a new breakout that retests the channel top and last week's high? We have laid out a few scenarios we are watching this week from price in its current pattern.
The two main thoughts are a new push higher. Or a pattern fail and a new push lower. Overall, we are remaining bullish due to last week's firm leg higher. If selling does develop, we will look for new higher lows to set up new continuations higher in the longer-term up leg.
Good trading.
BTCUSD: Overbought on weekly but does it matter?BTCUSD has turned overbought on its 1W technical outlook (RSI = 70.463, MACD = 1620.000, ADX = 29.717) as it made a new annual High. This is not the only technical benchmark it achieved as it formed a Bullish Cross on the 1W MACD and crossed over the formed support that turned into resistance emphatically.
We see the same repetitive pattern on both prior Cycles. As long as the 1W MA50 is supporting (which it has since March), then a 1W MACD Bullish Cross on this level initiates a parabolic rally. So be careful with trading Bitcoin technically on the current price levels as the overbought weekly technical indicators may not correct any time soon. This chart shows that if anything, Bitcoin is entering a phase of aggressive growth, even though the official timing has historically been post-Halving.
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Bitcoin's typical weekend activity and "howto" w/Voodoo LevelsVoodoo levels tip: When low volatility is expected (like over the weekend), price on an intraday basis will most likely range between DH1 and DL1 levels.
Exceptions can always happen. But expecting low volatility and mean reversion at the CME open on Sunday is something I continue to bet on.
Enjoy your weekend!
Bitcoin (BTC) / Daily Insight for next 6 Month / 28-10-23Bitcoin (BTC)
*In this analysis I used the Binance Perpetual Future Chart
In Forecast data at the 1 hour TF closing at 10.00 WIB Price BTC closed in a Strong Bullish condition.
I assume BTC still has the potential to retest the $42,000 range with an increase of around 20-23%. This reflects the positive sentiment in the media and also fear and greed market data, where currently BTC is at level 71 (Greed). In terms of indicators and also BTC dex price data there has been a very significant increase in the last 7 days.
For spot holders, I think this is the right time to start considering starting accumulation marking, but make sure to be careful by paying attention to previous price history.
And for personal opinion, look at the data displayed on the chart. There is still a big possibility for BTC price to move higher to retest the major resistance area before the halving.
Important points to monitor:
pivot point : $34,449
Support Levels:
$33,801
$33,139
$32,491 (Strong support)
Resistance Levels:
$35,112
$35,759
$36,422
