Bitcoin history and a blink for the future?1 graph that says it all.. Bitcoin history and a blink for the future?
Bitcoinusd
btcAs long as the red box is not broken, it can see any of the lower green boxes and we are currently moving in the yellow area. Note that I expect a move from zone 4 and if zone 4 is broken, again It will be updated
Bitcoin bull or bear?the support 57 is very important and i think this setup is good for long position
Bitcoin ready for next move -- Breakout done CRYPTOCAP:BTC breakout Done
> Trading a descending channel pattern involves identifying a bearish trend where the price consistently forms lower highs and lower lows within a channel. Here's how you can approach trading this pattern:
1. **Identify the Descending Channel:** `The first step is to recognize the descending channel pattern on a price chart. Look for a series of lower highs and lower lows forming parallel trendlines sloping downwards. This pattern suggests a bearish trend where sellers are in control. Confirm the pattern by ensuring that the price touches both the upper and lower trendlines multiple times.`
2. **Entry and Exit Points:** `When trading a descending channel pattern, consider selling (shorting) near the upper trendline of the channel when the price reaches this level. This is where resistance is likely to be strong, presenting an opportunity to enter a trade with lower risk. Set a stop-loss order above the upper trendline to manage risk in case the price breaks out of the channel. Aim to exit the trade near the lower trendline of the channel, where buying pressure may increase, providing a potential opportunity to take profits.`
3. **Risk Management and Confirmation:**` Implement proper risk management techniques to protect your capital. This includes setting stop-loss orders to limit potential losses if the trade goes against you. Additionally, look for confirmation signals such as bearish candlestick patterns, negative momentum divergence, or other technical indicators aligning with the descending channel pattern to increase the probability of a successful trade. `
Remember, trading patterns carry inherent risks, and it's essential to practice proper risk management and conduct thorough analysis before making trading decisions. Additionally, consider using a combination of technical indicators and fundamental analysis to enhance your trading strategy and increase the probability of success.
USDT.DDominance Tether bounced back higher after hitting the support zone
The red range is the dominance resistance, which goes up in case of Sharp's failure
In this move, Sharp Bitcoin reaches the range of 52000
Bitcoin 21 and 50 weekly moving average remain bullishThe 21 week MA was tagged last Wednesday for CRYPTOCAP:BTC
Watching the 21 week SMA & 50 week SMA can serve as a great medium term risk gauge for Bitcoin
Crosses of these moving averages have been decent 🟢buy &🔴sell signals to date
The 21 week SMA held for the 2015/17 bull run, and it holds today.
All the same I would not be surprised to see price penetrate as deep as $52,000. The 50 weekly SMA is currently at c. €43,000 (think a badass wick)
As long as these moving averages are moving up and to the right, have not been breached by price and have not crossed, the primary bullish trend is intact.
This chart would obviously need to be considered in combination with others however it is a great way to remain level headed with the long term perspective in mind. Once we start losing levels, we can start getting worried. If we get a negative cross, a reduction in spot allocation would be very wise.
Long term timeframes with these smooth moving averages can be brilliant reminders of the primary trend trajectory. Patience my friends.
Lets keep an eye on these levels
P
#Bitcoin
btcIn my opinion, Bitcoin is a bit tired and should implement one of the three plans I have considered for it. It is possible to implement a part of each plan.
btcThe nearest support zone is in the green box, which can help to change the trend. If there is no support, the following numbers will be activated again.
BTC >>> 49000 !!Maybe this does make no sense for many of you!
But I think this is the shape of the next move!
BTC >>>>
49000 !! TP1
80000 !! TP2 after the halving, if it is confirmed.
Let's see what will happen.
Bitcoin BTC price global view for next few monthsOn the #Bitcoin chart, you can see a combination of horizontal and dynamic fibo levels.
It took us a long time to see something new....
But here's our summary:
️ ↪️ right now, the #BTCUSDT price is at a critical point. If buyers manage to keep the price above $57000-57300 until Monday, there will be a chance for a good price increase via the blue route 🟦
↩️ fixing the CRYPTOCAP:BTC price below $57000 is the way for a sharp drop in the price to the $49-50k range. There are still many longers whose positions can be liquidated, and their assets can be taken into "stronger hands"
Which scenario do you prefer: ❤️red or 💙blue?
Because in our opinion, the #BTCUSD price should go into a protracted sideways consolidation for the summer of 2024.
In this consolidation, the large capital that entered the cryptocurrency market through BTC ETFs may start flowing into less liquid altcoins, which could lead to local and selective bull runs.
So, in our opinion, the most important task for the coming months is to track which altcoins or sectors of the crypto market capital is flowing into and buy on corrections.
_____________________
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BTC Potential Continuation Looking at BTC 12H chart here. As you can see on the way up, so far, we had one pullback into the 200MAs (purple and red). Price reacted well there and bounced and continued.
We are seeing the same behavior so far here. Keep eyes on the 12H chart. If we can stay above the 200ma and 200sma, and close inside the white 100ma, we should see price continue to upside. BULL MODE ON!
If we reject, and so not close 12H inside teh white 100ma, we are likely to see hard reversal back into the 200s. If they break, I think we see price back in between 48k and 53k.
(This scenario, ALTS get hit harder, and this accumulation phase continues for longer)
***NEW 9WEEK AND NEW 3DAY CANDLES MONDAY, WILL WATCH FOR REACTIONS
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Bitcoin Dump: 54K next support?54K seems to be the most likely support level on the 4-hour chart for Bitcoin/USD.
After that 52K .
A drop to 48K seems unlikely . But possible.
A reminder that this is the 4-Hour Chart. If you zoom out, you will notice that Bitcoin is not yet in a bear market.
Technical Analysis tools used:
Volume, Ichimoku Clouds, Fibonnaci Retracement, Volume Delta, Support Lines.
The Fibonacci Retracement show the next likely support levels which correlates closely with the (orange) support lines.
Price action below the Ichimoku Cloud signals the continuation of a bearish trend.
The new Volume Delta Indicator shows a divergence of sell volume domination over market price, which leads me to believe a trend reversal is coming soon. (around 52-54k)
up-to-date Fundamental Analysis:
Good news to consider:
Possible ETF unbanning and adoption in China (unconfirmed)
World's largest custodian bank, BNY Mellon reports exposure to BTC ETF
Halvening in effect
First Bitcoin ETF's launched in Asia (Hong Kong)
Bad news to consider:
CEO of Binance sentencing (30. April 24)
Prominent Bitcoin Figures arrested
Government crackdowns in US/UK/EU on centralized elements of the cryptocurrency ecosystem (CEX, Custodial Wallets, etc.).
Asian Bitcoin ETF's flopped due to low volumes on opening day.
Psychological Considerations:
must-reach-100k mentality of the Bitcoin community
Community psychological barrier against centralization and regulation
50k support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Excited for Bitcoins FutureI decided to chart BTCUSD because I believe we're in an exciting time. We're starting to see our first sign of early growth following post halving. BTC is currently testing a key zone around level $59,750. (Yellow Weekly Line) I see two possible scenarios occurring so I'm in a stalemate on direction. If BTC breaks the current tested level to the upside, I think it'll rise, pullback, then rise more towards the 4HR Resistance Trendline. (Blue Line) I am optimistic but I'm not naive. If BTC fails to break and surpass the current level, then I think it will consolidate until it brings in the power needed to create a new ATH. I don't believe it will go lower than $55,000.
I am going to chart BTC alongside ApeWifHat Weekly. I believe its one the next Meme Coins to 1000x. Im super early and super bullish.
apewifhat.net
What's your thoughts? Comment below
This is my first BTC idea! Plenty more to come.
bitcoin update please check previous analysis
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
BTCUSD 1H Long Trade - 1:6 RRRTP: 70382.05
SL: 57172.95
In this trading strategy, we present a compelling opportunity for a short position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:6.
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. A rising EMA200 indicates a bullish bias in the overall trend, providing confirmation for potential long positions.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. A bullish crossover (when the MACD line crosses above the signal line) or divergence from the price action signals potential upward momentum, aligning with our long position strategy.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
Cryptocurrencies Making Deeper PullbackHey traders!
The US dollar is advancing, make cryptocurrencies weak as stocks market turns south ahead of key economic data from the US. As you know, the Fed will release its latest decision on interest rate policy today, and there is increasing speculation that they will maintain their current stance for a longer period. This anticipation is driving the US dollar higher while stocks are declining, and cryptocurrencies are also turning to the downside.
Looking at the total market cap, we are observing a potential breakout from the wave B triangle, after only a three-wave rise from the April 13th lows, indicating a correction, ideally it represented subwave (C) within a triangle.
If our analysis is correct, then current thrust out of the triangle could still be representing the final leg of this whole correction from March. However, there is still room to drop even to 1.9 trillion before potential support is found. A reversal and a significant bounce back to 1.23 trillion would be necessary for bulls to wake up, which is crucial if you are a short-term trader.
BTC – Weekly Perspective – 04/21 to 04/28BTC continues its saga. I believe this is a corrective saga. Being corrective, I believe that the end to this saga is the attempt to have a beautiful bullish rally soon. The FED could help with this "rally". What a thing, right?
Monthly bias there is no change in strength, therefore the SETUP used still points to the bulls in the direction of this chart time.
On the weekly basis, as I have been saying for some time, we are within a corrective bearish pivot. In principle, everything was normal.
When faced with the daily bias, we have the situation in the image below, a bullish pivot, but with an arduous mission, to overcome the 68.4K region to continue with its upward trend without forming the C&H pattern. If you are unable to overcome this region, the correction may take place as shown in the image below.
I would like to share a thought of mine with you: "Things should be measured in the long term, but never forget that they start in the short term!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below
Bitcoin BTC price follows a familiar routeCurrently, crypto market users are divided into two camps:
1️⃣ - to the mooon with the first stop at 100k and 2️⃣ - the beginning of a correction to at least 50k.
Two ultra-radical camps that will find 101 reasons why it should be exactly as they "want and expect" and not otherwise.
On the #BTCUSDT chart, we have copied and displayed the fractal of #Bitcoin price behavior for May-October 2020. That is, how the CRYPTOCAP:BTC price behaved before and after the previous halving.
And this scenario is not bad: the #BTCUSD price is entering a prolonged consolidation phase at range $65,000-73,000 during the summer of 2024.
At this time, the capital of large funds will be able to partially and smoothly flow into crypto projects with a smaller capitalization.
What can this process provoke? That's right - the alt-season
Are you intrigued?) We are waiting for 50 likes and at least 10 comments from you, and then we will supplement the idea with the BTC.Dominance, USDT.D charts and the total crypto market capitalization chart which clearly show how this process can look like.
#BTCUSD- 40000 TARGET IS LIKELIHOOD -Hello Traders, Price had consolidated for a longer period and recently it broke out due to a strong bullish momentum, recent price action indicated that we are on the verge of reversal on #btcusd.
what do you think?
BTCUSD after halvingHi, welcome to my analysis,
Sorry it's been a while since I wrote an analysis due to the Eid al-Fitr holiday.
this time BTC dropped and formed a down channel, but we have a Fibonacci support area between 63546 to 62608
and if this Fibonacci support is broken, then the following support will be at level 60211.
The bullish target for BTC this time is in the range 70217 to 71625 or Fibonacci level 1,618 to channel resistance.
I will update this analysis if I find new keylevels.
Happy trading
BTC 2 Day Blood DiamondThe BTC 2 Day just printed a Blood Diamond on Cryptovac A. The last time we saw this happen was back here, and it ended in a 51% correction. Beware the possibility of a sharp correction here, make sure you don't leave yourself exposed or over-leveraged
Bitcoin usd in next Three monthsBitcoin has been ranging between 60,000$ and 72,000$ for a month, in the next three months we have two scenarios.
1- if the 60,000$ resistance is broken, it will fall to at least $40,000 to $44000.
2 if the $73,000 support line is crossed, it will rise to $100,000
Currently, the best price to enter is $60,000 to $63500 and in case of breaking the resistance line the best price to enter is $40,000 to $44000
Considering the price correction of Bitcoin last year and the Halving, the second scenario is more likely
Bitcoin Halving Shakes up Market
Bitcoin miners see rewards cut, Dorsey jumps in: Bitcoin miners collected more than $100 million in revenue for the halving on April 20, the highest total ever recorded in a single day. But now miners face a drop in mining rewards that could reshape the industry. And one familiar name is jumping in.
Speculators hopeful upcoming Fed meeting will leave rates unchanged: US inflation rates have eased slightly in April in conjunction with weakening demand in both manufacturing and service sectors. Investors hope the latest data will spur a more bullish tone on future rate cuts.
Bitcoin halving brings fresh interest to spot ETFs: After a period of net outflows prior to BTC’s halving event, spot BTC ETFs in the US have started to rebound.
Ripple calls for SEC to reduce fine: Ripple has strongly opposed the SEC's proposed SEED_TVCODER77_ETHBTCDATA:2B fine, while a contingent of crypto lobbyists moves to sue the regulator.
Tether claims it will freeze addresses linked to OFAC-sanctioned entities: The move follows reports that Venezuela's state oil company, PDVSA, used the USDT stablecoin to bypass US sanctions and continue its oil exports.
🤷 Topic of the Week: What is Ethereum?
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