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Bitcoin - DOUBLE TOP Weekly TimeframeA Double top in the weekly timeframe is never a good sigh - however, all is not yet lost. One final pattern remains to be seen - and that is the Bump and Run method. Perhaps we can bump that diagonal support around 65k, retest the bulls' determination - and then make the final impulse wave up. There is a fakeout observed on Dogecoin as well, and alts that have increased alongside BTC over the past week will likely fall pretty hard IF Bitcoin cannot keep closing ABOVE 65K. ______________________ BINANCE:BTCUSDT
by CryptoCheck-
4
Bitcoin - MORE INCREASE? Have to see THIS FIRSTBitcoin has been giving us some positive vibes as buying pressure shows up on lower timeframes. We've even managed to keep the price above $60k - an excellent sign of strength. However, before considering more upside there really is just ONE thing we need to see - higher lows. For as long as we are unable to breakout ABOVE the diagonal resistance zone, we'll just be stair stepping down into a slowburn, slow decline until point 4 is established and we're ready to complete the final impulse wave up (4-5). Making higher lows would result in prices back towards the upper 60's, with a successful retest of the neckline support. EXTRA FOR EXPERTS - Here's how to use the Bitcoin Dominance chart together with the Altcoin market chart to gauge the next direction of BTC: ______________________ BINANCE:BTCUSDT
by CryptoCheck-
3
BITCOIN - It's time to decide the directionThe situation at the moment is quite dubious, the price has been around the old ATH for six months now, I don't feel like saying that we are entering a bearish period for the simple fact that there has not been a violent rejection on the old ATH and I don't even feel like saying that the price action is bullish, because in this case the price, after closing above the old ATH would have used it as support and then continued upwards. Right now I'm just watching what happens
CRYPTO:BTCUSD
by MC_Capital_
4
Friday Market Update - $IBIT, $BTC, $DXY and $SOL ForecastHere's a quick update to the video I posted last week showing a final unfilled Gap on the 4-Hour NASDAQ:IBIT likely pushing price down (We're NOT sure yet how this is correlated, other than the BIG money is playing with Options / Futures and now the NASDAQ:IBIT , which makes Bitcoin a Wall Street product now essentially. My targets on Bitcoin now are $57k and I'm thinking we may even see a 'news driven' selloff to the $50k - GETTEX:52K range into our buy blocks as shown here. "Show me the charts, I'll tell you the news" is one of my mantras, and with everyone thinking we go higher here, I'm thinking we have one more shakeout to wipe out some longs. Last week a well-known short posted that he 'gave in and the Bulls Win' showing his $2.5M loss. Think the games are over? I think not. So I'm mostly out of the market, holding some SOL and planning to DCA buy lower at levens I mention in the video. I also dicuss the DXY bounce, Total Market Cap, and why this weekly candle close is important. Apologies -- the recording stopped when I tried to update one of my alerts, and I have a Labor Day party to finish planning so no time to-record it. Have a great weekend everyone, and let's see what Tuesday brings when the big Wall Street traders get back from summer vacation and start putting wall-street money to work.
INDEX:BTCUSDShort
by BrettFogle
Bitcoin ALL-TIME-HIGH is STILL COMING: Here's WhyA hint... the RSI. The RSI is one of those reliable old-timers, especially useful in higher timeframes to determine longer period price action, such as near term and long term. Together with Elliot Wave Theory, I'm going to present to you an argument for why Bitcoin is STILL BULLISH and what my strategy/expectation is for the coming weeks. I'll also share key metrics to watch and do regular updates should the conditions mentioned in the video be met. Although I am short term bearish, I remain longer term bullish, making it really impossible to label this post as solely "short" or "long". Cheers to the Top10%'ers 🥂 __________________________ BINANCE:BTCUSDT
by CryptoCheck-
1
17% Gain: BTCUSD Short Using My RSAI Blueprint StrategyIn this video, I'll be discussing a recent short position I took on BTCUSD (Bitcoin) using my reliable RSAI Blueprint strategy. This trade yielded an impressive 17% gain, demonstrating the consistent profitability of my approach. I'll guide you through the analysis and execution of this trade, highlighting the crucial indicators and market dynamics that influenced my decision. Additionally, we'll delve into the current sentiment shift in the cryptocurrency market that I believe will continue in the coming weeks, offering further trading opportunities. Join me as I dissect the details of this successful trade, showcasing how the RSAI Blueprint strategy can lead to consistent wins. Don't forget to like, comment, and subscribe for more trading insights and updates on effective strategies.
COINBASE:BTCUSDShort
by TruthakaWallStreetakaCookie
Elliot Wave 3-4 : FINAL Correction before NEW ATHI've been watching this bearish M-Pattern for some time, and I still believe this is a multi-month playout towards a new ATH: This lines up with my initial correction target using Elliot Wave Theory: We see a very clear Double Top play out in the Total Chart, also indicating that it's time for a correction: HOWEVER - I expect the bulls to be ready and sweep in lower prices when the right support zone is reach (whale zone), which seems likely to be in the 40k zone. It won't be a straight line down - again, a multi-month playout is likely. _______________________________ CRYPTOCAP:TOTAL BINANCE:BTCUSDT
CRYPTOCAP:TOTALShort
by CryptoCheck-
Bitcoin Holds Support After US CPI PrintThe US dollar is showing a notable downturn after today's CPI figures were released at 3.4%, down from the previous 3.5%. This reinforces market sentiment that the Fed is unlikely to hike rates, especially after comments made by Powell yesterday. This scenario supports a risk-on environment, especially considering the bearish Elliott Wave structure in the US yields, suggesting further declines. This backdrop implies that other assets could rally. For instance, Bitcoin has seen a significant bounce, finding support at crucial trend lines, and can be poised for higher levels if HS neckline near 66k is broken . Similarly, Nvidia and silver also show potential for gains in the coming weeks. However, building intraday trades at this juncture can be challenging due to potential setbacks before the market continues in the direction of dollar weakness. If you found this analysis helpful, please leave a comment below, like this video, and consider sharing for more updates in the future. Grega
CME:BTC1!Long
by ew-forecast
Bitcoin Slows Down At 70k As Nvidia Keeps ConsolidatingHey guys, Cryptos are bullish no doubt, but I am just wondering if 70k on bitcoin, will be strong resistance in the short-term, now when NVIDIA is coming down a bit. I see nice support for NVIDIA near 800. Not sure if we will see this level, but it looks like that correction on stock is not finished yet, so possibly there will be a delay on new break higher on cryptos if stocks would really pull back for end of the month and end of the quarter flows. Also, dont forget on the Easter holidays which can certainly have an impact on the markets. Let me know if you like the video please in the comments below, or what you want me to cover in next updates. Thx, Grega
BITSTAMP:BTCUSD
by ew-forecast
BTCUSD - Pattern Matured - $125k-$275k Targets Title: BTC/USD Trading Analysis: Harmonics Pattern and Loading Zones Explained Summary: In this BTC/USD trading analysis, we delve into the intricacies of the market dynamics since August 2022. Observing the formation of a harmonics pattern, we witnessed the testing and confirmation of the previous low loading region as support. However, recent developments have seen a break through this support level. Upon closer examination at the daily timeframe, it becomes evident that the market is treating the loading zone, particularly at the monthly level, as support once again, potentially confirming another loading zone. It's important to note that trading is inherently probabilistic, and the analysis provided here does not constitute trading advice. Traders are encouraged to exercise caution and conduct their own research before making any trading decisions. Dollar-cost averaging is emphasized as a prudent approach, and it's worth remembering that investing often yields better results than frequent trading. Wishing all traders the best of luck in their endeavors. Keywords: BTC/USD, trading analysis, harmonics pattern, loading zones, support, resistance, trading advice, dollar-cost averaging, investing, probability, risk management.
BITSTAMP:BTCUSDLong
by PlutusX
Bitcoin 📢 NO MORE DUMPS... but NO PARABOLA either📉Hi Traders, Investors and Speculators of Charts📈 More and more institutional buyers have recently admitted to investing in BTC, as we see Grayscale and BlackRock (to name a few) all invest massive amounts into this digital currency. This could mean a few things for this bullish cycle, including: 📢 More reach (more retail investors) 📢 Higher market cap (more wallets being created) 📢 Less volatility than previous cycles (institutional trading and holding) 📢 More reach (more retail investors) Recent news headlines have made almost anyone with a access to the internet aware of Bitcoin, if they haven't heard before. BTC promises great returns and is generally more stable than altcoins, making it a great start for newcomers who may want to try their luck with cryptocurrencies. 📢 Higher market cap (more wallets being created) The market capitalization increases as more liquidity (cash) is invested into BTC. As more and more institutions are buying and more and more people are buying, new wallets are being created at and more money is converted to Bitcoin. 📢 Less volatility than previous cycles (institutional trading and holding) Usually when large institutions enter the market, the volatility reduces. We see this clearly with most-traded commodities such as gold and silver. It becomes a safe haven for investors as they see brokers and other institutions give the nod of approval to Bitcoin. These are a few reasons as to why I'm not expecting a parabolic increase towards a new ATH, and neither a correction bigger than 30%. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:BTCUSDT
Long
by CryptoCheck-
5
"Bitcoin Holds Steady: Sideways Market Sentiment Prevails "Tracking the Thrilling Bitcoin Action: A Week in Sideways Market Dominance! 📈🔄 Hey, fellow crypto enthusiasts! Today, let's dive into the latest rollercoaster ride with our favorite digital asset, Bitcoin. Over the past week, the charts reveal a tale of a sideways market, where the price action has been in a tight range. As of now, the battle between supply at the 43,500 level and demand at 40,200 is the focal point. For those actively engaged in Bitcoin trading, the strategy revolves around buying at support, selling at resistance, or entering at demand and exiting at supply. The crucial moment awaits us at the 45,000 level. A decisive break above could signal a powerful momentum, potentially retesting the lofty heights of 50,000. However, the absence of major Bitcoin news has limited our ascent, hitting a recent peak at 50,000 and encountering resistance. Without any groundbreaking developments, the next few days may see a retracement to the 39,000 level. Your engagement is invaluable to me, so remember to comment, like, share, and subscribe! Let's boost this community together and navigate the crypto seas. Until next time, fellow traders, see you on the flip side! 🚀💰
CRYPTO:BTCUSD
by Districtfx
1
Bitcoin Turns Down For Deeper Correction. Strong Support At 40k.Stocks are coming down at the start of January as some portfolio adjustments and profit-taking occurs at the start of a new year to avoid 2023 tax year. We can also see some dollar rally, but normally these flows at the start of the year are temporary and can be reversed later this month when flows will normalize. We also have a FED minutes today, but US PMI and NFP much more important this week I think. Looking at bitcoin, its coming sharply down on speculation that SEC will reject ETF. Some nice support is at 40k.
BITSTAMP:BTCUSD
by ew-forecast
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