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Waiting for the Bitcoin Bull Run: A Look at MDIAThe recent sideways movement in the Bitcoin market has many investors wondering when the next bull run will begin. Blockchain intelligence firm Santiment suggests a specific metric to watch: the Mean Dollar Invested Age (MDIA). Understanding MDIA: The MDIA tracks the average age of investments in Bitcoin held within the same wallet addresses. When the MDIA rises, it signifies that coins are being held for longer periods, with less movement or trading activity. This could indicate: • Investor Stagnation: Existing holders are content with their positions and not actively buying or selling. • Whales Holding: Large investors, often nicknamed "whales," might be accumulating or holding onto their Bitcoin, reducing overall market circulation. MDIA and Bull Run Continuation: According to Santiment, a falling MDIA suggests renewed movement from long-held coins. This could signal: • Increased Investor Confidence: A drop in MDIA might indicate that major stakeholders (whales) are returning their Bitcoin to active circulation, potentially fueling a price increase. • Fresh Investment: New investors entering the market with fresh capital could also contribute to a decline in MDIA. Current Market Situation (as of April 13, 2024): • Bitcoin is experiencing a price decline, potentially reflecting investor uncertainty. • It's important to note that MDIA is just one indicator, and other factors can influence market movements. Additional Considerations: • Market Sentiment: Broader market sentiment and external factors can significantly impact Bitcoin's price. Analyzing news and economic data alongside MDIA can provide a more holistic view. • Technical Analysis: Technical indicators like price charts and trading volume can offer further insights into potential price movements. Beyond MDIA: Implied Volatility The recent rise in implied volatility for Bitcoin options suggests increased market uncertainty. Implied volatility reflects the market's expectation of price fluctuations within a specific timeframe. A rise indicates: • Investor Hesitation: Investors might be unsure about the future direction of Bitcoin's price. • Increased Risk Premium: Option traders are demanding a higher premium to account for the perceived volatility. Conclusion The MDIA is a valuable tool for gauging investor behavior and potential shifts in the Bitcoin market. While a falling MDIA can be a bullish sign, it's crucial to consider other factors like implied volatility and broader market sentiment for a comprehensive understanding. By combining MDIA analysis with other technical and fundamental indicators, investors can make more informed decisions in the dynamic world of cryptocurrency. Further Research: • Santiment: santiment.net • Implied Volatility: www.investopedia.com
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin Bullish Parallel Channel - Bearish in the short termBitcoin has lately experienced a “winding down” of the bullish vibes in the market, so it makes me think it’s the type of feeling you get right before a big move. Because of how the indicators are positioned, and how bullish and cautionless the market currently is, I expect it to dump to new lows. As shown in the chart, we're in a bullish parallel channel, and I expect BTC to dump to the 57k support level, and then retest the ATH at 73k. It also shows two tops, so it can be argued that the current state of the market lies in a double top pattern. Additionally, it seems there is a bear flag pattern formed in which the price currently lies in. Timeline for the dump and the upcoming bottom is about two weeks. Also, not shown in the chart, but Weekly RSI is in an extremely overbought position, which is extremely bearish when looking at the big picture. Candle I expect the retracement to start within the next 48h.
BITSTAMP:BTCUSDShort
by CoinMajesty
11
BTCUSDT 917 PIPS LONG ORDER READ DESCRIPTIONBitcoin (BTC) is currently witnessing heightened demand, particularly within the price range of $60,200 to $64,800, indicating a zone where significant institutional investors, commonly referred to as whales, are injecting substantial capital. This influx of large orders suggests a bullish sentiment among these influential investors, which in turn signals confidence in Bitcoin's potential for future growth and adoption. In recent days, Bitcoin has experienced a downward trend, attributed to the filling of the CME gap area. Such price corrections are a common occurrence in cryptocurrency markets and are driven by market dynamics rather than fundamental shifts in the underlying technology or adoption of Bitcoin. Bitcoin has solidified its position as one of the most trustworthy cryptocurrencies in the market. With a market capitalization of approximately $1.29 trillion and a total supply capped at 21 million coins, Bitcoin offers scarcity and inherent value, distinguishing it from traditional fiat currencies. The cryptocurrency's robust trading volume, which has reached $50,627,120,388 in the last 24 hours, underscores its liquidity and active participation in the market. This liquidity is crucial for ensuring efficient price discovery and facilitating large transactions without causing significant price slippage. A significant event in the recent past was the purchase of 8,000 bitcoins by an anonymous group of whales. Such large-scale acquisitions by influential entities often indicate a strong bullish sentiment for Bitcoin and can serve as a positive signal for other investors in the market. Technical indicators on the weekly timeframe also suggest a strong buy sentiment for Bitcoin. These indicators, which include moving averages, relative strength index (RSI), and MACD (Moving Average Convergence Divergence), provide insights into market trends and investor sentiment over longer timeframes. Bitcoin's resilience, scarcity, and institutional interest make it an attractive asset for investors seeking exposure to the cryptocurrency market. Despite short-term price fluctuations, the long-term trajectory for Bitcoin appears favorable, supported by increasing adoption, institutional participation, and a robust network of developers and supporters. Moreover, Bitcoin's decentralized nature, censorship resistance, and transparent ledger make it an appealing store of value and medium of exchange, especially in regions facing economic instability or currency devaluation. In recent years, Bitcoin has gained mainstream acceptance as an investable asset, with numerous institutional investors, corporations, and even governments allocating funds to Bitcoin and other cryptocurrencies. Bitcoin's role as a hedge against inflation and macroeconomic uncertainty has become increasingly recognized, particularly in the wake of unprecedented monetary stimulus measures adopted by central banks worldwide. The emergence of Bitcoin as a legitimate asset class has led to the development of sophisticated financial products and services, including Bitcoin futures, options, and ETFs (Exchange-Traded Funds), further expanding its accessibility and liquidity. However, Bitcoin still faces challenges, including regulatory scrutiny, scalability concerns, and environmental criticisms related to its energy consumption. Efforts to address these challenges are underway, with ongoing research and development focused on improving Bitcoin's scalability, privacy, and sustainability. Despite these challenges, Bitcoin's decentralized architecture and resilient network continue to attract developers, entrepreneurs, and innovators, driving further advancements in the ecosystem. Overall, Bitcoin's value proposition as a decentralized, digital currency with a finite supply and global accessibility remains compelling, positioning it as a transformative force in the future of finance and technology.
BINANCE:BTCUSDLong
by MOAZAM1133
The Art of FibonacciBitcoin has been on the rise, and I would like to share my Master Fib. This angled fibonacci structure encompasses the entirety of Bitcoin's history and can be used to help discover price action patterns, facilitating future trade decisions. The chart can be useful on both logarithmic and linear price scales. This idea highlights the fib structure on the log scale. This particular fibonacci-based structure utilizes the following levels : 0, 0.214, 0.236, 0.35, 0.382, 0.5, 0.618, 0.65, 0.764, 0.786, and 1, and extends 20 levels above and below 0. The core channel from which the structure is built is established using the following 3 points: These 3 points create the core channel of the master structure: The final version of this chart has been optimized for, and makes use of, the 10 day timeframe. While I personally prefer using this chart on a smaller timeframe for everyday use, the 10 day timeframe was chosen as a suitable balance of factors, including the following: maximizing the amount of bitcoin historical data and fib data displayed maximizing chart clarity at all zoom levels maximizing visibility of price action reactions maximizing published idea usefulness lifespan When viewing the fib structure on alternate timeframes, reactions in price can be seen as high as the monthly timeframe, all the way down to the 1 minute timeframe. Utilizing various timeframes can help display more pronounced, obvious, or acute reactions to fib levels. 1day price action fib reaction (April 2018 - July 2019) 1hour price action fib reaction (April 3/4 2022) 1min price action fib reaction (March 5 2024 - 5 days ago) Even on the 10 day timeframe, reactions can be seen as far back as December 2009... bouncing off the 6.214! There are many such reactions to this fib structure throughout the entire history of bitcoin. What's amazing is that the 3 points used to create the structure are from December 2017 to November 2021! So, let's take a quick look at some of the reactions in price to some of the various fib levels. Doing this will add validity to the effectiveness and usefulness of the fibs. And finally, here's a look at where we are today, on the linear scale, just before the 10day candle close: Now that we have established some validity of the fib structure, we can use it to help us make future trading decisions, particularly when the price of bitcoin approaches, rejects, breaks through, or retests the various levels. Does, and will, bitcoin always react to every level? No. But I think this is one of the best bitcoin fib structures I've seen that encompasses every single displayed candle while maintaining such accuracy and effectiveness. Its influence on the bodies and wicks of past and present candles can be seen. I think it is likely to guide and influence future candles. I estimate that the further above or below that price is from the core channel, the less accurate and influential the levels and angles will be. I also estimate that the further away we are, in time, from the 3 points that build the core channel, the less accurate and influential the levels and angles will be. That being said, we, being humans, only have so many 10 day candles left, so... yeah. *Bonus* Keep zooming into the light (on the chart) Thank you for checking out my idea! I hope that you like it and find it useful. If you do, please give it a boost. And feel free to comment. //Durbtrade
INDEX:BTCUSD
by Durbtrade
5
The big picture of BitcoinSince the beginning of this analysis, I have focused on the contents of the triangle pattern but what happens if this pattern breaks out? Where is the target? On this occasion I will illustrate using a daily timeframe. In this analysis, I deliberately started from major support. This support is the strongest support for BTC, and if this triangle pattern breaks down, then the worst scenario, bearish target will be to touch major support around the level of $49,555 or approximately a 25% drop from pattern support. However, to achieve this figure, BTC must successfully break down the bearish confirmation point level 64,756 with 1 full candle on the 4 hour timeframe and if that happens, then cases of drops before the halving will probably be repeated like my previous analysis. you can open it here For the bullish scenario, if this pattern breaks up, it will take 1 candle at 4 hour time frame to come out completely (full body candle) above $71,454 and when that happens, party to all. Not just bullish on BTC, but on all cryptocurrencies, and BTC will rise 25% from pattern resistance to $86,913. Do you expect it to fall to $49,555 first or straight up to $86,913 Please comment, if there is a supporting chart, feel free to post it here. Thank You
BINANCE:BTCUSD
by AzrulAzir
2
BTCUSDT | ABC wave target projection TFW +75-80K USDThis TFW wave analysis in this scenario of a 5 wave expanding diagonal structure: w.1 - completed Dec 2017 w.2 - declined @ 78.6% of w.1 w.3 - an impulse 5 wave @ extension 361.8% of w.1. w.4 - also @ 78.6% of w.3 ABC structure (alt count 1-2-3-4-5) overlapped w.1 zone by 10%+/-. w.5 - currently preferable ABC or 123 structure with a complex w.B/2 wave correction @ 38.2% (B wave is often complex pattern) of w.A/1. The impulse move of the current wave c.3 now extended above fibonanci 261.8% of w.a and sustaining at above level 65K USD The current price movement could be entering liquidity zone approaching the major upper trend/channel resistance and the next fibonanci wave C/3 target at 361.8% around 75-80K. Supported Indicator: weekly RSI @ 90 the highest level with convergence value - a possible higher price with a bearish divergence confirm the next move for a trend signal for reversal/decline. Bearish count scenario - daily price movement possible ABCDE triangle - minor 4-wave for a short-term correction resulted in a lower price of minor 4-wave. Always affordable risk and respect your stop.
Long
by dukeposh
Bitcoin Counter WickoffEverything is in Graph. if you don't know about Wickoff Strategy, i invite you to DYOR it. - i will try to explain you how to counter Whales/institutionals as small retails investors - of course this method can be adjusted with your portofolio, i just made it very simple to make peoples understand how to invest wisely. - This Chart is based on the Money you don't need for living! - if you use this method correctly and adapt it to your portofolio, you will always restart a new cycle with more money. - if you look at the chart closely, you will understand that i didn't use higher points to take profits and keep always 10,000$ in Market, so this chart is based on human mistakes and not much greed. ----------------------------------------------------------------------------------------------------------------------------- - in this method we starts with 10,000$ invest as exemple. - Take profits 2 Times, keep base investment in market ( because we don't know the real potential Top ). ----------------------------------------------------------------------------------------------------------------------------- - The Second Phase is waiting for the Dip and buying back - Re-inject Money 3 Times in the Dip and Wait for market recovery phase ( because we don't know the real potential Bottom ) ----------------------------------------------------------------------------------------------------------------------------- - if the bottom was a mistake and BTC fall down more. - just invest slowly what you don't need for living and be patient, BTC is fundamentally poised to go up. ----------------------------------------------------------------------------------------------------------------------------- - This method can be done with 10$ - 100$ - 1000$, no matter money because everything is based % invest and Time. - Remember that your management is the most important, if you don't manage your money correctly, Tears will come. "You have to believe that you are the one who creates your success and also that you are the one who creates your mediocrity". Happy Tr4Ding !
by thecryer
4
BTCUSD Bullish channel up vs triangle consolidationWe can see that BTC perform 2 pattern : BULLISH CHANNEL UP This pattern still perform but cannnot break triangle resistance. to make sure bullish, $71.472 must break up and if we have it, next bullish target at any price at channel up resistance but before this pattern broken down, we still have one classic support and resistance around fibonacci 0.382 $68.544 will hold bearish. TRIANGLE PATTERN This is neutral pattern, target depend on breakout direction. If this pattern broken down, bearish target around fibonacci 2nd support level at $66.169 I will monitoring this analysis, and update as soon as possible if we have a break out dont forget to support this analysis to get a quick notification for it.
BINANCE:BTCUSDLong
by AzrulAzir
BTC 90K is not for away!We have entered the second quarter where markets will make sharp movements. Determining the ranges beforehand is a master's work and not accurate. However, I think the points I have highlighted in blue have the potential to create a nice range. After the deviations here, I think the price could suddenly reach 90K. Before this 90K move, maybe we will make deviations in the red boxes and see a retest to the 0.5 point. In this case, I want to build a long position with 3% risk by adding another 1.5% to my position.
Long
by XU3Trades
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
Limited upside but more potential downside in store for Bitcoin?Bitcoin has been trapped in a downward descending channel since March 14th 2024. It is continuously struggling to hold ground and important supports. Right now it is struggling to climb above 50 hours EMA (64612) indicating weakness. Even if 50 hours EMA is crossed there is channel top and 200 days resistance near 66072. In case Bitcoin is not able to cross and close above 50 hours EMA next week, the next support levels will be only near 63551, 62413. After 62413 there is a strong support zone for Bitcoin between 60763 and 62015. 62015 will be a strong support as it is also the mid channel support for Bitcoin.
BITSTAMP:BTCUSDShort
by Happy_Candles_Investment