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Bitcointrend

Bitcoin on december and next year 2024Hello traders, i have very freaky ideas about bitcoinas follow: If bitcoin can not exceed 40000$ for next few weeks we will see a big dump to 10000$. Im writing this to think and consider probability about unthinkable cases that any trader may face just be ready for everythings. Big short Sl:40000 Tp for long term: 10000 Period of time that this analysis stand: 6 weeks most after that if it can not break 40000 or fall bellow 31000 it s going range for long time. Be profitable.
BINANCE:BTCUSDShort
by hossein198
5
Will History Repeat Itself? - Hunting for ARCSThe Bitcoin chart showcased illustrates the characteristic parabolic arcs that in the past heralded significant market turning points. These arcs depict periods during which the price of Bitcoin rose sharply, only to experience equally vigorous corrections. Such patterns raise the question - will the current price movement of Bitcoin conclude with a similar parabolic arc? This visualization aims to direct investors' attention to these potentially key formations, which could act as signposts for predicting future price movements. Recognizing these arcs becomes a "hunt," where traders endeavor to discern potential warning signals before market history repeats itself.
BITSTAMP:BTCUSDShort
by maqone
Bitcoin Bulls VS Bears 🐂🐻Bitcoin, after a very significant rise, had a dip that in my opinion is healthy for the long term, but nothing alarming for now. The red line (SMMA) has held the price perfectly on the 4H timeframe since November, which means that for now we continue with a bullish structure. Therefore, only if a breakout below it happens, I will expect a more significant correction, initially towards the 38K support, but be aware that 35K is a big liquidity level.
by The_Trading_Wizard_
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 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
1
Bitcoin Falling to $35,000!? The Ascending Wedge Calls for Doom.Bitcoin has fallen out of the 4HR bull channel and failed to break above the Weekly Resistance 3 times. This is a decent short-term sell signal that if your trade is managed properly, the probability of profit is on your side. How do we trade this? Bitcoins macro trend is bullish, so we must exercise caution when considering a short. While the trend is a major data point, we must also consider the rest of the picture in front of us. Bitcoin has failed three times to break Weekly Resistance, a reversal signal. We've fallen out of the 4HR bull channel, another signal to sell. There's a gap to minor support which has been tested twice and the RSI is below the Moving Average with room to fall; all data points in favor of a short. It is reasonable to have a short-term sell bias on this 4HR timeframe but proceed with caution. The first sign of a bull reversal bar closing on or near its high means it's time to exit the trade. Trade Idea: Short Entry: $37,630 Stop Loss: $38,270 Take Profit: $36,350 Risk/Reward Ratio: 1:2 Key Takeaways 1. Fell out of Bull Channel, Now in Ascending Wedge. 2. Currently re-testing bull channel support. 3. Gap down to Minor Support at $36,200. 4. RSI at 48.00 below Moving Average, Bias to Short. 5. Short to Minor Support. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
INDEX:BTCUSDShort
by TraderEngineering
📈Bitcoin weekly prediction, 40K or 32K?📉 BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of 39K-40K. This week, the price of Bitcoin is in a stabilization trend and has lost its upward momentum at the level of 38 thousand dollars. (in yellow). The Bitcoin Dominance chart is in a 5-day time frame, and according to the formed pattern, it is expected to decrease to the specified area. On the other side, Dominance Tether (Weekly TF) has hit an important support line, and the probability of its upside has increased. All in all, in my opinion, until the price of Bitcoin falls below the support of the yellow line, there is a possibility that it will rise to test the level of $40,000. But if the price loses the red support line, then the $32,000 area will be a strong support for Bitcoin in a bearish scenario. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Short
by CrazyS
Bitcoin: One Person's Fear is Another Person's GreedFirst off, what the f*ck? I believe Bitcoin should correct back to at least the 50% Fib Level -- if not the 38.2% -- so that we can see a healthy rally upwards. Years of trading crypto has taught me that every rally has a near equal correction. But emotions and bias will be the death of your portfolio so here's my unbiased analysis of the world's greatest cryptocurrency: - Bitcoin is forming an ascending triangle on multiple charts which is a bullish sentiment on its own. - On-Balance Volume (OBV) shows a steady increase in buying pressure since the start of the recent rally. Layman's terms: buying pressure is outcompeting selling pressure. - Money Flow Index (MFI) has an inverse slope that favors oversold and is currently relaxing in neutral territory safely away from overbought. These three indicators lead me to believe that Bitcoin may experience another breakout in the coming weeks and, potentially, without a dip back to $30.5K as I previously forecasted. At risk of stating the obvious, news can shake the markets enough to reverse any trajectory but yesterday's Binance update hardly rattled Bitcoin like it did for altcoins. It's my personal opinion that the Bitcoin ETF decision is the closest catalyst in determining the next major rally or drop. However, we can't forget about the highly anticipated Bitcoin halving which is expected around April 2024. If the ETF does get rejected, this may provide a very lucrative buying opportunity. COINBASE:BTCUSD
COINBASE:BTCUSDLong
by Shepherd_Investor
Will Bitcoin Price Drop to $34,000?BTC needs to close above the $36,800 level for a 4-hour candle to signal a potential move. If it manages to close above $36,800, the target will be $38,500. However, if it fails to reclaim $36,800, the movement will likely start from the current level ($36,400), initially targeting the $34,200 zone and then potentially dropping to $33,400. In the previous analysis, we achieved an 8% gain. You can view the analysis in our profile. NFA.
Short
by wagmitraders
Bitcoin Fake-out! Failed Breakout Lead to Strong Bull Response!Bitcoin attempted to break out to the downside and escape the bull channel only to be met with a fierce rejection and rip back to $38,000. There is a slight pause at this critical price with some upside left to the top of the channel but also a good amount of downside to the 200EMA. How do we trade this? After a strong bull response like that and continuing in the bull channel, shorting is risky. If you took my last BTC 4HR idea and shorted it to the bottom of the bull channel for a 1:1 Risk/Reward, then you should already be out of that trade. Now we wait for a sell signal showing us a rejection, or you could scalp with a small position to the top of the bull channel. A long scalp would require a stop placed below the rejection low of around $34,500, leaving you with a 3:1 Risk/Reward. Key Points 1. Failed Breakout to the Downside of the Bull Channel 2. Strong Bull Response back into the Bull Channel 3. Potential Double-Top at $38,000, wait for more price action 4. Either wait for a Sell Signal or Long Scalp with a small position 5. RSI near 70, Small positions longing I would wait for some more price action before entering a trade. Wait for a strong sell signal bar closing near its low or scalp a pullback to the top of the channel. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:BTCUSD
by TraderEngineering
ADA to start growing faster than BTCCRYPTOCAP:ADA & BITSTAMP:BTCUSD The recent performance of ADA (Cardano) suggests it is a promising buy for investors. After a strong recovery from a support level of $0.23 on October 19, ADA experienced a significant rally, soaring by 65% to reach $0.40 by November 11. Although it's trading slightly below this peak, ADA is maintaining an upward trajectory, indicating potential for further growth. The currency seems poised to reach or even surpass its upper range near $0.42, which could represent a gain of around 16% from its current value. This pattern of recovery and growth makes ADA an attractive option for those looking to invest in the cryptocurrency market. COINBASE:BTCUSD
Long
by TotoParasca
Potential Path To $150k+ Bitcoin in 2024Here's my revised "Potential Path To $100k+" chart, adding in new factors that further point to the higher Fibonacci targets. Similarly, the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)... Worth noting - see chart. The following factors show 3 levels for Bitcoin upside in 2024, which I've labeled as 3 scenarios described in more detail below (Likely, Probably and Possible). 1. BlackRock & Fidelity ETF's Approval - (We know this is happening, just not sure when). 2. QE Money Printing To Pay Down US Debt - (The US won't have a choice. Other countries are). 3. Bank Failures, Bank Runs & Transfer Into BTC - (More regional bank failures are happening). 4. Hyperinflation & De-Dollarization (BRICS) - (We haven't seen effects yet, but likely coming). 5. Corporate Accumulation - MSTR / Apple /Tesla - (MSTR raising 750M Common Stock for BTC). 6. Country Accumulation (New Reserve Currency) - (More will follow El Salvador this cycle). 7. Post-Halving Less Bitcoin Miner Selling ($12B) - (Miners will have less to sell > 2024 halving). I've broken these down into 3 scenarios... Likely Target ($100k) - Bitcoin was widely 'expected' to hit $100k in the last cycle, and the math supports the reasons why. With $20T in investable assets in Gold + Silver + US Real Estate in 2023, just 10% of this moved over to Bitcoin gives BTC a $2T market cap alone. It's also the 1.618 Fib target for the next cycle as shown. Probable Target ($155k) - Looking at the bars pattern from the Oct 19th 2020 breakout, we can see a rapid rise in Bitcoin followed, driving price up to the April 2021 initial high for BTC. This also coincides with the 2.618 Fibonacci target on the charts. Possible Target ($210k) - Again looking at the last cycle drop starting in Dec 2017, to the low in Dec 2018, the 3.618 Fib target was exactly where the peak around FWB:64K in April 2021. Many believe this to be true 'high' although later we had a Wyckoff 'Thrust' higher to $69k. In the near term, the bars patterns also shows confluence for a pause right at the Fib Golden Pocket between FWB:48K and $50k. Since round numbers act as market magnets, I feel $50k is the next push higher before a meaningful profit taking pullback. Also notable is the 21 week MA which has been an excellent support / resistance barometer over the years, and price has just firmly broken above that in recent weeks. So this is looking very bullish to me here, and I'm expecting we go higher... Time will tell if one or more of these scenarios come to pass! What do you think??
COINBASE:BTCUSD
by BrettFogle
BTC Trade IdeaBitcoin BTC is currently overextended and trading into a key resistance level. Entering long at the current price would be at a premium and high risk in my opinion. I would be looking for a buy opportunity if this retraces down into the 61.8 fibo range. TP 2/3 off at 1:1 RR and this is in the $. My bias is bullish, however not at the current level. Your comments would be appreciated. Also, a big thank you to everyone who has been boosting my trade ideas, I am forever grateful.
OANDA:BTCUSDLong
by fxtraderanthony
7
Swing Trading BitcoinBitcoin has formed an ascending triangle within a rising channel on the hourly charts. The rising channel on its own gives me reason to expect a breakdown to the 61.8% or 50% retracement levels but the presence of the established ascending triangle has made this consolidation interesting. The development of this bullish signal leads me to believe that their is a sliver of hope for another breakout but this will depend entirely on a large influx of trading volume when the alleged breakout occurs. A false breakout has already taken place on 1 November which makes identifying the ascending triangle that much more difficult to properly recognize. If a low-volume breakout occurs then I believe Bitcoin's value will meet significant resistance at the 100% retracement level -- forming a double top "M" -- and potentially see a shift back to prior retracement levels as suggested in the first paragraph. However, if a high-volume breakout occurs and Bitcoin's value is able to break through the $36,000 USD ceiling, and out of the rising channel altogether, then we could see massive gains as high as the $40,000 level before any significant resistance is met. As always, traders should be weary of any micro or macroeconomic factors that may come into play as this can both fuel and steal momentum. I am very interested in seeing how this plays out but I am not so optimistic that I would trade without an established stop-loss in place nor insert myself in the trade prematurely. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by Shepherd_Investor
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
by Bkr12
$Bitcoin - Its all in the charts.As can be seen, BTC is moving in a curve. This curve seems to have found bottom around 16k for this cycle and is right now hugging the bottom trend line. -Given this curve, will we see 16k again? -Looking at the historicals, most likely not. But IF the price action breaks the bottom trendline then that will be a first and after that anything can happen. If everything goes according to plan, and by plan I mean according to history, we should see a cycle top around next year second half, latest by start of 2025 but we may not need that much time. -What will be the catalyst for a new cycle top? -No idea. I make my decisions only looking at the chart and not news. -Can I be wrong? -Maybe, maybe not. Only thing we as investors can do, is to DCA our position and wait.
INDEX:BTCUSDLong
by sidddubey