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#BTC 2H. Ascending triangle & trend continuation. 11/19/24Earlier, the price formed an "ascending triangle" pattern—a continuation pattern that occurs when the price gradually forms a series of higher lows while the upper boundary (resistance) remains flat or slightly rising. This signals a narrowing range and potential further growth. And I warned you about this in advance! (By the way, which of your traders describes patterns this thoroughly?). But that’s not the point now. According to technical analysis theory, if the price breaks out of the ascending triangle pattern, its movement usually matches the height of the pattern, measured from the base to the peak. If we follow the idea that the movement after the breakout equals the pattern's height, Bitcoin’s price could reach the $100,000 level. And honestly, why not? At the same time, earlier this week, the market was in a "bullish" trend, meaning prices were rising. By the close of trading on the CME exchange on Friday, the price was around ~$92,000. I assume this price will become an important reference point (including a support level) that the price will aim for in the near future.
Long
by trendbooster
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
BITCOIN - 4h breakdown Update to Weekly Outlook 20/02/24'Hello everyone, just a quick update to Yesterday Weekly outlook.. 4h Idea Breakdown chart: Reasons WHY Short in next 0 to 48 hours: 1 - is Lower Close then 2 2 - is Highier Close then 3, BUT it have Lower Candle High 3 - have Lower Close then 2 and Last Green Candle, BUT in the same time have Highier Candle High __________________________________________________ These are Reasons WHY I believe we are about to Short in next 0-36(48) hours at least & WHY I was yesterday slightly more bearish then bullish, but since it developed as it did, it gave me more confirmation and confidence that we are about to go Lower (Short market). Aswell, if you decide to take a trade, DONT FORGET TO USE STOP LOSS, for your own good. 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:BTCUSDShort
by cryptocapitaltrading
BTCUSDT.1WBased on the provided market data, the current price of Bitcoin (BTC) is $40,072.01. The Relative Strength Index (RSI) over 4 hours, 1 day and 7 days is 44.75, 40.69, and 64.21 respectively. The RSI is a momentum indicator that measures the speed and change of price movements, with a value below 30 typically interpreted as a bullish signal (potentially over-sold) and above 70 a bearish signal (potentially over-bought). In this case, the RSI values suggest that BTC is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) for BTC over 4 hours, 1 day, and 7 days is -306.14, -829.16, and 3742.30 respectively. The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. Negative MACD values suggest that BTC is on a downward price trend, while the positive 7-day MACD suggests a potential upward trend in the longer term. The Bollinger Bands (BB) for the same periods are 41379.0, 47268.0, and 48740.0 respectively. Bollinger Bands are a volatility indicator. Prices are high at the upper band and low at the lower band. In this case, BTC's current price is below the middle band suggesting it's relatively low. The support levels for 4h, 1d, and 7d are $38,595.0/$38,261.0/$35,920.0, $42,790.0/$40,633.0/$40,190.0 and $35,685.0/$30,600.0/$26,868.0 respectively. The resistance levels for the same periods are $41,684.0/$43,066.0/$43,564.0, $44,393.0/$44,900.0/$48,900.0 and $52,200.0/$59,200.0/$69,100.0 respectively. In conclusion, the short-term indicators suggest a bearish trend for BTC, with the price below the middle Bollinger Band and negative MACD values. However, the positive 7-day MACD and the RSI values suggest that there may be potential for an upward trend in the longer term. As always, it's important to consider these indicators as part of a broader strategy and to consider other market factors when making investment decisions.
by MarsSignals
BITCOIN: BULLISH DIVERGENCEBTC Update: The daily and weekly close was at $41.7k. This is negative, and BTC is most likely to drop toward $38k to $40k. However, on the 4-hour TF chart, we can observe something different. Whether you term it a candle of hope or anything else, BTC is forming a bullish divergence. If it plays out successfully, BTC may rally back to $44k or even higher. Nonetheless, before all of this, BTC will need to overcome the $42.7k resistance. Stay tuned with us for the next update. Regards, Team Dexter.
by Dexter_The_Trader
1
BITCOIN TO GO SHORTBitcoin just broke through the inflection point towards the value area and has reacted with the value area. This could mean that there is a very high possibility of Bitcoin going short for the next months. This means that 2024 could overall be a "short" year for BTC. So what could this mean for investors concerning Bitcoin ?, Firstly it means that if price presents opportunities to buy , we could expect short asset holding periods on Bitcoin. Secondly, this first quarter will be the best time to sell of BTC assets as the prices for selling Bitcoin for the year may currently be at its highest value. Thirdly, the 4th quarter of the year might be the best time to buy BTC at low and good prices for holdings. I provide personal BTC investment advices, so if you will want more insights and information on when to buy, hold and sell your Bitcoin assets, kindly DM me here on trading view and i will reach out . Also if you found this information helpful please do like , share and comment on your thoughts and do follow me for more as well. Thanks for reading
FOREXCOM:BTCUSDShort
by jarzzyfx
BTC Bullish Pattern on Oct 1st, 2023We can see a falling wedge pattern in daily chart. This is a bullish pattern for few days. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
INDEX:BTCUSDLong
by rukshan2102
1
BITCOIN: A REJECTION OR A BREAKOUT?Hello traders, BTC failed to break above the $44k once again. Does it mean there's no hope for a breakout? Well, to answer that let us dive deeper into this analysis. - The $44k has become a strong sentiment for BTC; somehow, it fails to break and close above this resistance again. - If a rejection is repeated then $40.5k to $40.8k will once again be a strong support but before reaching that low, BTC will be holding another support between FWB:42K to $43k. - Talking about the breakout, BTC has a lot more to offer in this bull run. It doesn't matter if BTC gets rejected again, I would consider it as a good opportunity to accumulate more. Do you remember when $30k was a strong sentiment for BTC, we all expected a breakout above the $30k resistance. The same thing with $44k, sooner or later we will see a breakout. That's it for now. I hope you find this post helpful. Christmas Eve is 4 days away, so have a great time with your friends and family. Don't take a lot of trading stress. Together we will make it big. Regards, Team Dexter.
BINANCE:BTCUSD
by Dexter_The_Trader
Bitcoin marking its way to $48k.Dear traders, I hope you all are doing well. I bring you a brief BTC analysis on a 2-day timeframe chart. Recently, BTC experienced a dip, touching close to $40k, but it swiftly rebounded to $44k. Based on the current BTC movement, there's a likelihood of it reaching around $48k. However, considering the RSI level, it's crucial to stay vigilant for a potential downturn. I've identified $47.8- FWB:48K as the current resistance and $40.8k as the support. Share your thoughts on BTC's price in the comments. Best regards, Team Dexter.
BINANCE:BTCUSDLong
by Dexter_The_Trader