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Bitcointrend

📈 Yearly Engulfing from the Bulls: A Year in Green 📈Macro bullish-engulfing yearly chart. 🟢 Unstoppable Ascent (2009-2012): A solid start, Bitcoin embarks on an upward journey, laying down the foundation for what will become a digital gold rush. 🔴 Moderation in Momentum (2012-2015): The red candles suggest a period of consolidation, a breather where the bulls and bears are at a tug-of-war, testing the resilience of the new digital asset. 🟢 Climbing Higher (2015-2018): Post-consolidation, Bitcoin shows its true potential, climbing with conviction, as if saying, "This is just the beginning." 🔴 A Pause, Not a Stop (2018): A single red candle hints at hesitation but not defeat. The journey isn't over; it's a mere pit stop for the bulls to gather strength. 🟢 Bullish Engulfment (2019-2021): Here we witness a classic bullish engulfing pattern on a macro scale, where subsequent green candles completely overshadow prior periods of doubt, solidifying Bitcoin's position in the market. 🟢 Continued Confidence (2021-2022): The trend continues, with each green candle standing tall, shoulders above previous years, showcasing a relentless bullish sentiment that seems to say, "To the moon." 🚀 Outlook: The overall trend is undeniably bullish. This 12-month chart paints a picture of a strong upward trajectory, symbolizing the growing acceptance and investment in Bitcoin. Each green candle lights the way to potentially higher valuations, as each year seems to engulf the last, showcasing the undimmed optimism in the cryptocurrency's future. 💡 Investor Insight: While past performance isn't indicative of future results, the pattern here is clear – Bitcoin has been a persistent force, gaining ground year after year. It stands as a testament to the cryptocurrency's growing influence and staying power in the financial landscape. 🚦 Traffic Light Indicator: Green for Go: The overarching bullish engulfing pattern across multiple years gives a green signal for continued upward potential. Amber for Caution: A single red candle hints at natural market corrections. Vigilance is advised as volatility is part of Bitcoin's nature. Red for Stop and Assess: Should a red candle form that rivals the stature of its preceding greens, it may signal a time to re-evaluate market conditions. Remember, while the market's enthusiasm is palpable, one must trade with caution and consider the inherent risks and volatility of cryptocurrency investments. For a more detailed analysis, or to explore specific trading strategies, feel free to reach out.
INDEX:BTCUSD
by Shibunacci
BTC - Expecting new all-time highs soon Proficient analysis of historical patterns is paramount; failure to glean insights from the past often leads to repeated errors. This axiom holds true not only within the realm of trading but extends to broader facets of life. The narrative unfolds with the breakdown of the descending trend line, after which an ascending triangle is formed followed by a new trend movement After exiting the ascending triangle, we move to the global khai, accumulate stops (consolidation), consolidate above and follow the trend
Long
by truepersonal
5
A Bitcoin Fib-Time Based Cycle (Concept #2)In this chart, we take a look at a second Bitcoin Fib-Time Cycles concept (2/5). Refer to the original idea for concept #1 linked below. This Concept #2 is an alternative 8-step cycle phase to my original concept. This zooms out further and takes Bitcoin from a greater 2-phase cycle perspective. This concept is for the long-term investor who aims to track major Bitcoin phases when time is not on their side. Treat each signpost phase as a ranged period mindset until the next is triggered. This is not to be conflicted with the original concept, however, another perspective. In this second concept, the positioning of the trend-based Fib-Time Extensions has been drawn from Bitcoin's inception to the first impulse rally from 2009 to its 2017 all-time high. From there it is projected sequentially again to 2026. The reasons for placement are through an observational nature in the structure of the cycles, or at least how I see it. From 2009 > 2011 > 2013 > 2017 as being marked one cycle, to 2017 > to now as a potential being marked as the second cycle. A repeat of this cycle however is on a larger scale. The ATHs to cycle lows across these two cycles are also noted as 2011's low from ATH was -93% whereas 2013 was 86%. Thus in 2017, it was -84% and to date 2022 is -76%. It appears that it is 1 larger drop proceeding by a lesser % drop. Note: These vertical projections are not manually placed; they are based on Fibonacci sequence numbers derived from the noted placements (0-1). Interestingly, where they end up relates to the major pivots across the start and end of the sequence. Importantly, this is not a price prediction or estimation, nor does it offer an overall bearish or bullish take. Although the outlook seems bullish, cycles can play out over the years, and we may not have seen Bitcoin's final cycle just yet. This is why this is an alternative concept to others I have been exploring. More alternatives in the coming weeks and months. This merely presents a conceptual analysis of Bitcoin's time and cycles to date, highlighting key pivotal points worth watching for. Timing can be just as crucial as managing risk. Having a plan to correlate these factors allows you to spend less time watching charts and more time enjoying whatever you want. Key Takeaways: With a 1-2 weeks variance, each fib level (signpost) approximately triggers the next phase. It is within that phase expect the noted legend and take that mindset. Each fib range marks approximately 2900 days (8yrs) Note that 0.5 is not an actual fib level. Once a cycle of phases is completed, rise and repeat. We are 8 weeks, 3 days until we hit the next phase (Climb the Wall of Worry) This current second iteration cycle is projected to end in Dec 2025. This is purely a concept and not financial advice. I apologise for the resolution. A screenshot can be viewed here:
INDEX:BTCUSD
by LiquidMafia
BITCOIN Outlook for Q2 2024Hello everyone, hope you guys had a great Easter Holiday. Same as in Q1, I decided to share with you What I Think is the Most likely going to happen with price in Q2 , purely based on current micro&macro economic conditions and indicators, plus what are charts presenting right now. Before I get to the business, I would like to reflect on my Q1 outlook, mostly because I believe things that were said and thought back then are still relevant today for future outlook (Q2), so I would suggest if you want to understand better, check out this first ↓↓↓ So when the year started, my Base Expectation was: " my Base Expectation is the market can still keep going higher. With occasional time to time not so significant price pullbacks (20-30% should be considered normal in this asset), UNTIL FED decides to START cutting rates. I guess everyone knows what happened next... We indeed rallied, in matter of fact, to the new ATHs at around 74k. This is impressive to me, considering the market conditions we are at right now and what is possibly coming soon (Q2). Finally it's time to get back to the business, so let's get to the "prediction" of what Q2 most likely bring upon us. So, I have to say, I believe that today Bitcoin conditions are harder to read than back in Q1 due to several reasons. One I already mentioned and its Price reaching New ATHs, but there are several others like CPI numbers are still elevated, potential upticks in unemployed numbers, FED balance, FED meetings and the most important - first Interest Rates cutting around the corner. These conditions make the market harder to read because of the Time Window that it provides for Price to "keep run going higher" before "expectations of reverse". Meaning, that market participants still expect the market to go higher, because there was not Rate Cuts yet, BUT Price already can be elevated enough and with Cuts around the corner process of Market Selling/Reversing may start sooner (being frontrunned) before the official Cut is done. Explained in chart pic. ↓↓↓ And since my Whole Idea is Based on previous time in History when we were in similar market conditions, either times were different (highier IR, highier CPI, price at ATH), I still expect Markets to do the same thing, because I believe that human behavior and psyche related to Markets not changing, so result should be same, until we proved otherwise. So basically, My Base Expectation for now is that this MAY(June/Q2), MAY be the worst time to become a Buyer/Bull for a prolonged period of time as we potentially already reached our TOP. That is because, as I mentioned in Q1 outlook: " 6. - !!! New REAL Bullmarket didn't Start until Interest Rates reached their bottom rate !!! Note, this time can be different due to inflation & elevated price levels, which cause more money in rotation, but IT SHOULD NOT change base line of reverse expectations when the correct time come - 1.FED start cutting, 2.FED stop (is DONE) with cutting, 3.bottom Rate is found " Aswell note, that the price of asset class (BTC) went down in time with FED balance sheet and even kept going lower due to the "recession scare" even when FED balance sheet started expanding, and that the New Bull market didn't start until FED printed ridiculous amount of money. Since I believe this perception of the Market is still valid, I will follow it further until I am proved wrong by the chart itself. = Price will be higher than 74k in July after the first rate cut already occurred. Hopefully, some of you found this post interesting and helpful in further market navigation. If YES, please consider liking or sharing this post, it would mean a lot to me. Thanks! Best regards, Joe
INDEX:BTCUSD
by cryptocapitaltrading
Bitcoin Cup and Handle?Owhooooo! This weekly chart has me howling for the moon! It seems like the Bullish Cypher is still playing out, and the giant Cup and Handle formation could be in play. If we do see a pullback, I think this would fit nicely into the overall continuation of the Bullish Cypher trend. So I'll be looking for this pullback to form the handle, and my own personal strategy is to use this (if it happens) to accumulate MORE Bitcoin. I'll be hiding in the bushes and waiting to see how this plays out. What do you think will happen?
BINANCE:BTCUSD
by Akamer-the-Werewolf
Bitcoin Broke New High – The Real Reasons Behind ItThe relationship between inflation and Bitcoin - they moves in tandem together, in the same direction. We saw Bitcoin has broken above its 2021 high, and it is likely to continue this trend. Many attribute the reason behind this rally to the approval of Bitcoin ETF by SEC in January of this year. While this approval serves an incentive, the core reason for this rally is the resilience of US inflation, meaning the inflation is still pretty stubborn, not coming down to the 2% target. Micro Bitcoin Futures & Options Ticker: MBT Minimum fluctuation: $5.00 per bitcoin = $0.50 BTIC: $1.00 per bitcoin = $0.10 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:BTC1!Education
by konhow
3
I think we're going straight to 80k!Traders, The demand for BTC from these ETFs has been insane. The last I read on this about 2 weeks ago was that ETFs were demanding over 12x what miners could supply. And this is still pre-halving. Add to this the facts that only 24% of BTC remains liquid and there is continued institutional demand in other countries opening up and you can quickly understand from some simple math that Bitcoin is in the beginning stages of a massive supply shock. Even multi-year resistance levels are blown up like they are nothing. I honestly have not seen technicals rekt to the degree they are recently. Fundamentals far outweigh technicals at this point. However, we are still going to chart, observe and denote technicals where they may be of use to support current fundamentals. In this case, I wanted to demonstrate what the technicals are showing more recently. We have here an inverse H&S pattern. Our target ends up being 80k which intersects exactly with another ascending TL I have mapped here. Honestly, I think we could go straight to 80k without any sort of pullback at this point. We did not pullback at our multi-year support/resistance from 2019. If we were going to pullback, that is where we might have done it. Another point of possible pullback is 70k. We're almost there rn and there is no signs that we are going to stop. I think 80k is in the cards and we didn't even get a pullback and retest of our 48k neckline! I am absolutely amazed by this. Then again, I have never really witnessed a supply shock in real time. Stewdamus
INDEX:BTCUSDLong
by stewdamus
Last chance to buy. Last week was very eventful for BTCUSD. Breaking out of the two week long consolidation, the price surged, increasing by around 20%. However, after reaching a local high on Thursday, the price began consolidating recent gains and is adjusting to the $60,000 mark. The positive for bulls is that this consolidation is forming a symmetrical triangle, which we know typically indicates a continuation pattern. In conclusion, in my view, any dips should be considered opportunities for buying, and only if the price drops below 59K in terms of daily closing would this scenario be put on hold.
BITSTAMP:BTCUSDLong
by samstoobad
1
BITCOIN - March Highier Timeframe Breakdown - 01/03/24'Hello everyone, lets jump in.. So bellow you can find screenshots, with every relevant timeframe to be looked at, to make a better educated guess at least in my opinion. First of all, I need to say, that this Idea DO NOT have to play out immediately, IF ALL! BUT Since Highest Timeframe we operating with is 3Month, there is still like 60Days window in which this CAN play out. 3M 2M 1M 15D 10D 5D So this Whole IDEA, is Based on 3M candle/timeframe (basically quarter outlook), which still follow my Q1+FED outlook as next.. --> In which I ment there is higher chance of continuing Higher with time UNTIL FED start cutting Interest Rates... and in the mean time we Rallied.. BUT since we are reached Price targets close to ATHs' I think is needed to be even more carefull.. and this due to --> If we take a look at 3M chart, we can see that prior times in History, when we reached Closing price of 3M candle, IT WAS THE TIME WHEN WE PEAKED WITH PRICE FOR PROLONGED PERIOD OF TIME. (And we already did it!) but there is still almost 2month to next FED meeting.. So Main Question is IF we will go Above ATHs' in this period of time, or We will follow what happend prior Cycles and thats correction... AND My honest answer is that I DONT KNOW, BUT if I HAVE TO pick one, I REMAIN EXTREMLY CAUTIOUS, since Right Now I see this more as "fake bull market" BECAUSE , and this "Because" have two aspects- Micro/Macro economy and then what Charts are saying.. Firstly, if we check out Charts, we can see on EVERY SINGLE ONE, that we reached with Closing Price close to where ATHs Closes are, BUT we dont Close above them.. Which In my understanding of Market Increasing chances for revisiting Lower prices "when correct time come" BUT, in the meanwhile, there is still "TREND" which I would say is still "bullish" and for that Reason we can "be trying" to reach or break ATH.. and only "time shows and chart tell" if we will go there.. BUT , as I ment.. there is other factor and thats.. Micro/Macro economy outlook at things, And I would say.. "ITS NOT THE BEST ONE"! --> Inflation is STILL HIGH (due to FED) and it looks like it slowly starting to elevate again, Unemployment is STILL relative close to all time Lows, and Interest Rates are STILL HIGH.. on top of that, from last reports it looks like economy start Slowing down a little bit BUT Markets still looks like "they dont care". Which In my opinion is BIG Mistake, and for that reason, Im trying to evaluate things on Daily basis when New Important Market/Economy News happen.. especially, in time "Where people believe only way of going is Highier!"... AND THATS BECAUSE - if we again, come back to our 3M chart, we can see there is 30D left on it.. and in those 30days market can change a LOT, AND We already reached price where In history was our "turning point" chart wise.. So, in my opinion, being a buyer right now is more risky then being seller.. , but I still label this IDEA as Neutral, since there is still lot of time remaining for Price to behave irational. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading
BITCOIN $BTCUSD - Feb. 13th, 2024BUY/LONG ZONE (GREEN): $46860 - $56275 DO NOT TRADE/DNT ZONE (WHITE): $42580 - $46860 SELL/SHORT ZONE (RED): $35550 - $42580 Overall the market has a bullish sentiment, price has recently broken above my previous buy zone so I decided to rechart new areas that I would look to enter at. Levels and zones are drawn from the daily and weekly timeframes. I threw a few of the recent events around structure that I would look directly towards for new information on where price is headed and around where to enter. There is a lot more ideas on a lot more timeframes, but this is what I immediately look towards. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
BITSTAMP:BTCUSDLong
by TonyAiello
BTC Bitcoin medium term Price TargetIf you haven`t bought BTC before the last rally: Then in line with the Elliott Waves chart pattern analysis, it suggests a forthcoming minor correction for Bitcoin, with one of the legs down anticipated around $47,800. However, the stock market is currently experiencing a notable surge in calls for tech companies leading up to June 21. I speculate that this could align with the first interest rate cut, sparking a new wave of enthusiasm in the market. Given this scenario, if Bitcoin follows the trajectory of NASDAQ stocks, my projection is that BTC will ultimately reach $56,000 by mid-2024.
Short
by TopgOptions
BITCOIN - 27/02/24' - Weekly Update Hello everyone, hope you guys doing great.. Firstly I would like to adress something from *Last update*, since some of you may been confused.. When I ment in update, that I expecting *Bearish Sentiment for 0-48hours* - IT MEAN, I EXPECT BEARISH SENTIMENT FOR 0-48 - Not for 5D, Week, Month etc.. and as far as Im concern, thats exactly what happend, before market continued remaining bullish to this day.. Secondly, since is close to end of month, and I would like to break down Market from Top to Bottom, I decided to wait With Update till Friday, when Monthly and other Highier time frame candles will close.. Meanwhile, I would just like to point out THAT --> Previously, when we reached closing price of 3M candle(either went slightly above or under), both times after that in upcoming days to weeks to MONTHs, we got some type of correction.. I will get deeper to it Friday... Until then, be carefull guys, and dont forget to use PROTECTION while you wildin out there ^^ Joe
INDEX:BTCUSD
by cryptocapitaltrading
2022 to 2026 Bitcoin Market Cycle?Obviously, I don't have a crystal ball, however, just for fun I have estimated what the timing of this current market cycle may look like. I haven't made any predictions on the chart as far as the peak price or the price of the next bottom. Although, if the trend of diminishing returns continues I would expect a peak between $80k and $90k. If that trend is broken a peak between $100k and $200k is likely. What I have done on this chart is laid out the dates when each event may occur. I estimated the dates based off of the average elapsed times between the events from the last two market cycles. In doing this, I am making a big assumption that this market cycle will follow the timing of the last two cycles. So far this assumption appears to be correct. The estimated elapsed time from the bear market bottom on November 21st 2022 to the upcoming halving on April 18th will be 515 days. That is very close to the elapsed times from the last two cycles (542 and 513 days). But, that doesn't mean that the elapsed times between the remaining events will closely match the past cycles. One recent event that could very possibly alter Bitcoins market cycle is the approval of 11 Bitcoin spot ETFs on January 10th 2024. Bitcoin futures ETFs have been around for seveal years but they differ from a spot ETF. A Bitcoin futures ETF holds Bitcoin futures contracts to get exposure to the price of Bitcoin. A Bitcoin spot ETF buys actual Bitcoin which is then held by a custodian in a secure digital wallet. As we all know the amount of available Bitcoin is finite, and with the upcoming halving each block will produce half as much (3.125 per block mined). The approval of the spot Bitcoin ETFs will dramatically widen access to the world’s largest cryptocurrency for not only institutional investors but also retail investors. This additional demand for Bitcoin could very well exacerbate the already tight market supply driving up the price faster than previous cycles. Only time will tell how this current market cycle will play out. It will be interesting to use these estimated event dates to gauge how this cycle compares to the previous cycles. If we see Bitcoin hit a new all-time high well before the estimated date it could mean that we could see a left translated cycle. However, it could also mean that the additional demand from the ETFs will drive the price of BTC to levels beyond what most analysts believe is possible.
COINBASE:BTCUSDLong
by Bigsky_Crypto
2