Bitcoinusd
"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! 🚀💰
TheKing Now- Despite the avalanche of FUDs made by the SEC.
- BTC still on his way.
- Like i said before, we are still in bearmarket but in a kind of pivot to witch to bullmarket.
- i spotted this inversed H&S few months already.
- Now the time is to wait.
- let's first see if this pattern is respected.
- Concerning altcoins :
- They dipped fast as BTC.Dominance reached almost 50%.
- Just the normal way.
- Time to charge more alts bags.
Stay Safe!
Happy Tr4Ding !
Bitcoin Lines- What you can see if you remove Bars and replace them by Lines ?
- Congratulation, you just removed the noise in the chart.
- Everything is in graph.
- Covid19 Black Swan included.
- Not a price prediction.🤷♂️.
Happy Tr4Ding !
TheKing Summer Time- Okay, so TheKing dipped around -20%.
- For some peoples it could means panic and the end of cryptos.
- For Veterans those kinds of "mini crash" are very commons.
- We saw already harder moves in 2019 ( White Circle )
- Now those corrections are more large simply because BTC price is higher.
- Actually the situation still looking much more better than 2019-20 ( Covid )
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- i used only ichimoku on weekly Timeframe to make this analyze.
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- Like always everything is in graph.
- Basically BTC got a first big resistance around 32k$. ( Flat Cloud ).
- Next potential resistances are around 43k$ and 48k$. ( Flat Cloud ).
- For now BTC bounced on Kijun and found a support around 25k$.
- The price is staying inside the cloud so it just means for now " indecision ".
- Kijun Line ( Red ) is starting to make a flat around 25k$, it could mean " Build Support ".
- on Weekly TF, ichimoku cloud crossed bullish.
- So to get more bearish movements we need 2 confirmations at least :
1 : BTC have to dip under the red cloud.
2 : Tenkan and Kijun have to death cross ( Kijun (red line) have to go on top ).
So for now, nothing is predicting a new low but time will speak.
Happy Tr4Ding!
Channels for Bitcoin BTC price movement during 2023-2024Throughout 2023, the BTCUSDT price moved up the channel skillfully.
And in early 2024, when BTC ETFs were finally accepted, the price of BTCUSD hit the top of the channel around $49000 and began its corrective movement.
Let's be honest, the correction of Bitcoin's price growth has been asking for a long time, now the only question is when it will end ?!
Write your options in the comments below the idea.
Now the price of BTCUSDT is at a critical point where the correction can be completed and a rebound to at least $44000-44200 can begin.
If not, the next obvious stop for Bitcoin price is around $32700.
The lower mark of the channel is around $27400
To be honest, we don't want the BTC price to fall there, because it could lose the bullishness of the crypto market's and continued growth and lead to a long sideways correction in 2024.
The ideas published on Trading View do not disappear, for example, our forecast written at the end of 2022 worked out quite well in 2023:
Write your thoughts on what the BTCUSDT price will be on January 01, 2025, and support the forecast you agree with likes.
And absolutely everyone will be able to check who was right)
BTC - Expected Price Up Until HALVING📉Hi Traders, Investors and Speculators of Charts📈
With the ETF approval priced in, next thing is the upcoming BTC halving expected in April - but wat does this mean for the price of BTC?
When there's an unprecedented event that will affect the markets, it's helpful to return to the basics:
👉 Buy the rumor, sell the news
👉 Macro Analysis
👉 Candlestick analysis
👉 Buy the rumor, sell the news
The ETF was again, a perfect example of this. Although it's possible for the price to increase days leading up to the halving, from a previous analysis we determined that BTC usually drops before halving.
👉 Macro Analysis
Bitcoin is due for a correction / pullback. Even dropping to lower 30K zone would still be a lower high, classic Elliot Wave Theory before the next upwards impulse wave, which is the biggest ( wave 2).
👉 Candlestick analysis
BTC has made 8 consecutive green candles in the two week timeframe. A few red ones are definitely overdue. This will support as a "fundamental reason" for the halving drop.
NOTE that I am still BULLISH on BTC. We're in the opening moments of a new bullish cycle, but there are pullbacks and corrections in upward cycles - and I'm expecting that we're currently trading in correction wave 1-2.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P
BTCUSD Trading Plan - 31/Jan/2024Hello Traders,
Hope you all are doing good!!
I expect BTC to go Up if it gives correction here.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
BTCUSD LiquidationsBitcoin had consolidation between 40500 - 44500 levels, 49k was shorts liquidations level now it's time to liquidate long around 36600 level. Also that will be buy singnal on btc.
$MARA approaching the 5th wave down!$MARA:4H
I would expect the increased potential for NASDAQ:MARA to rise as high as the 0.5 retrace (20.75) or AVWAP (21.98) were CRYPTOCAP:BTC price to rise. I would expect the AVWAP (blue) off the recent high to be in confluence with the 0.5 retrace by that point and provide a solid line of resistance. Failure to consolidate above the 0.5 retrace/AVWAP levels could portend the beginning of the 5th and final wave down to the 10-12 price range.
It should be noted that price has done enough to complete the 4th wave upward retrace and could remain range bound (16-19) at current levels for a couple weeks. However, given the recent level of volatility associated with this issue, I see this as the less likely scenario.
In summation, whether it be from a little higher price point or from current levels, my current thesis is that NASDAQ:MARA follows the price of CRYPTOCAP:BTC downward leading up to the halving and its accompanying, short term, ‘supply shock’. I would expect NASDAQ:MARA to find its bottom somewhere between 10-12 before the end of April 2024.
BTCUSD Eyes New All-Time HighBTCUSD is on a remarkable journey, seemingly heading towards a new all-time high. This movement indicates a strong bullish momentum within the crypto market, as Bitcoin continues to gain traction among investors. With growing interest and adoption, BTCUSD's upward trend reflects increasing confidence in its value and potential. Market participants are closely watching, eager to see if Bitcoin will indeed surpass its previous peak and set a new record, marking another historic milestone in its ever-evolving story.
Who is Michael Saylor?There are 3 paths I see from here:
Black path/arrow = initial bounce followed by lower low (36-38k) before continuing higher (most likely)
Green path arrow = initial bounce followed by higher low before continuing higher
Grey path/arrow = run directly to make higher high from here (least likely)
- One common denominator in all 3 of these paths - we will get an initial bounce to 44400-48000 by Feb 14 2024. 44.4k-48k is my initial target.
- At that point it will run into selling pressure (red funnel off recent peak) and start pullback. The extent of that pullback will determine the next move higher.
~ if it takes black path it will find buyers at 36-38k and then bounce to 48k-51k
~ If it takes green path it will retrace to around 41k-43k and then rally to 51k-55k
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Some comments on the summary above:
- The bulk of this initial bounce to 44.4k-48k will take place early this week (1/29-1/31)
- The pullback from initial target will take shape in late Feb 2024 - early March 2024
* Wait to go long after the pullback to catch bigger bounce/rally that will follow. i.e., run to 48k-55k by late March 2024 - early April 2024
~If this initial bounce breaks above 48k then it will take the solid grey path directly to 51k-55k by end of Feb. 2024.
Powerful BitcoinI wonder how come you don't follow me?
Please follow me and like the posts before starting to read this analysis. If you have any questions, you can send me a message in the private message section.
Well, according to the previous analysis, we saw a downward fake failure in the chart, which we could recognize as a fake failure using the indicators. Now it's back in full force. I will wait for my target, which is the price of 44200. What do you think about this topic?
Bitcoin USD Dollar AnalysisIn the following chart on BTCUSD I'm trying to visually breakdown and identify certain emotional patterns that triggered break-outs. These patterns turn from resistance into support and seem to somewhat repeat. Could we see a similar H&S structure on this current local top?
I'm no fortune teller, but with a good risk-management and strategically put positions we can trade the speculation in a high reward opportunities.
May the trades be with you, TheTrex.
BTC for surefib, fractal
log chart
nothing more to say
mention that in higher timeframe we also at top of the fib level
Solana Technical ShortHello guys, everyone who has followed me long enough knows that 99% of my trades are backed by economic data, news, or fundamental analysis, but this one is not the case.
This is purely a short-term trade with high probability since Bitcoin is down for the day as the time of writing and there is a good chance that #sol will reverse and follow the main index(BTC).
I am a fan of Solana and am sure it will be worth much more soon.
The Technical analysis is as simple as possible; the easier it is to implement, the better it works. There is no need to have 10 indicators on your chart distracting you from the essence.
Comment your opinion on the crypto market and let's have a nice discussion:
Bitcoin will FOOL YOU : DON'T let them fool you IF bitcoin stay below 40K for 24 hour that mean we will dump to 37500 $ and this area very important area and my analysis say 37500 area will change the direction to bullish and will get Hugh Bumb after consolidation because the RSI indictor will be below 30 and that mean the price in oversell on daily timeframe
BTC WEEKLY - Target Zones to WATCH👀📉Hi Traders, Investors and Speculators of Charts📈
BTC is approaching the halving, during which the price usually fluctuates wildly as volatility and volume show up.
For any given dip, I don't expect us to break the white diagonal trendline (which validates higher lows).
When the price trades in a tight range, it's helpful to follow the classic rule of "buy on support and sell at resistance".
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BTCUSD keylevelHi,
At my previous analysis "click here" ,
We have a strong minor support, but its already broken.
the one and only support we have left at $40.213.53
if this support broken, bearish will continue to reach major support at $30,475
and if it happen, alt coin will be at red zone again.
Bullish will happen only if $43,655 broken up with target at 49,000-50,000 around channel up resistance.
Are you bullish or bearish?
share your opinion and your analysis at comment below
BTC 24H Upside Potential ☀️; 🌧️ & Downside Risk in 3 DaysLittle has changed over the past 24 hours in the cryptocurrency market after the long-awaited approval of 11 spot Bitcoin exchange traded funds (ETFs) in the US last Wednesday. The price of Bitcoin was unchanged over the past 24 hours at roughly 42,900 dollars.
Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with a bullish sun shining over Bitcoin, Ripple’s XRP and Binance Coin. Bearish clouds linger over altcoins such as Ether, Cardano and Avalanche.
Over a one-week horizon, these cloudy skies will also prevail over Bitcoin and XRP, signaling downside risks. This bearish trading trend will extend over Ether, Litecoin, Cardano and Avalanche.
The next catalyst expected to push Bitcoin higher is its upcoming halving in the second half of April.
Patiently waiting for correction to be complete...Trade spot or perpetual BTC, ETH, AVAX and other top cryptocurrencies with up to 50x leverage directly from your wallet on Arbitrum and Avalanche.
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bitcoin lifetime scenario 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.
Where will the next Bitcoin price move?In 2023, the Bitcoin price followed a steady upward trend. This trend can be well "packaged" in a channel.
Where do you think the BTC price will go in early 2024?
The beginning of a correction with a final target of $32000-32500
or
Continued "creeping" growth to the $50,000 area
Pls, writing your opinions at the comments
