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Bitcoinusd

A bearish 2024 - 14525?Trying to speculating how bitcoin can feasibly reach 6 figure targets by developing bull structure in the form of a large pennant. This would imply a significant pullback to form new lows targeting 14,525 in 2024. Would need to see signs of weakness around this current price range ideally 45.5k rejection, however price can continue further in which case the structure of the chart would need to be reassessed to figure out what in the actual FibOnaCCi is going on. Key prices in this analysis. 45,505. 14,525. 261,000. No one knows where the market goes, the best guess wins. Oh, and blame yourself if I'm wrong.
Long
by TheCheartBreaker
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
Posible Bitcoin BTC price moving for next weeksThe growth of the BTC price has reached a vertical and un corrected value. For the growth trend to continue harmoniously, a correction would be helpful. Two GAPs have formed on the CME BTC chart in the ranges of $39310-40480 and $34100-34400, which would be good to fill. Altcoins can still "catch up" with the growth of the BTC price for a few more days, at least for now they are showing strength, but they can also "stone down". We personally do not feel comfortable taking longs at the likely highs, so we would rather place limit buy orders well below current prices to avoid tempting fate. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
BTC ₿ Broadening Wedge: A Forecast from Support TrendlineDear Respected Investors, For those familiar with our track record, the customary elements on the chart should provide a sense of familiarity. If you're new to us, let me offer a brief introduction. We specialize in educating individuals on creating their trading AI, often utilizing advanced charting tools like TradingView for explanatory purposes. This particular idea is a collaboration between AI and TradingView. From an AI perspective, this chart results from a sequence of trading bots using a technique known as boosting, employing a random forest algorithm to define forecast subsets. Simply put, the displayed chart represents the culmination of the latest bot's analysis, incorporating insights from all preceding bots in the sequence. The AI has identified a chart pattern known as a broadening wedge, typically signaling a continuation pattern. Assuming a bullish trend, this pattern suggests a continuation of positive momentum. The support trendline of the wedge, traced from local bottoms within the wedge zone, is noteworthy. The recent retracement to $35,800 aligns with this trendline. The potential upward movement could extend to the wedge resistance, marked by the upper blue trendline at $39,500. These two trendlines illustrate the broadening wedge on the chart. While our AI leans towards an optimistic scenario, it's crucial to acknowledge the inherent volatility associated with broadening wedges. Accordingly, we've set a stop-loss below the support trendline. We also encourage you to leverage all available safety measures. This isn't investment advice, so thorough research is recommended. If you find our work intriguing, we're open to sharing more about our AI's trading analytics with Santiment indicators and insights on training your AI to incorporate Santiment. Warm regards, Ely
BITSTAMP:BTCUSDLong
by Elysian_Mind
Risk/Reward favors downside shift to risk Off Sentiment.. BTC has reached a crucial point in which candles appear to be failing around 35K. We must consider potential scenarios to begin the new month of November. In One of these scenarios we may anticpate a retracement to capture fomo liquidity. Fomo liquidity is psychological concept in trading that refers to the chasing of price. New Monthly candle retracement for liquidity purposes. Current : 34775 33,372 TP 1 TP 2 30,300 Weekly Level Trade idea Fakeout back below 35K
COINBASE:BTCUSDShort
by ShrewdCatfx
1
Story repeats itself- i have to post this chart. - it seems some peoples didn't get what i posted in one of my older chart. - i will post this chart in comments. - Remember this is not a price prediction. - Everything is just about comparing the past and the present. - in 2018-2019 BTC was fluctuating in bearmarket with 4 Digits. - Now BTC is fluctuating in bearmarket with 5 Digits. - We are evolving in a different trend. - All in graphic and hope you get the idea. Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
4
Bitcoin $52kBull to bear perspective for the next year and a half. 52.3k rejection and an assessment to see if the recent parabolic trend breaks, if so structure needs to be assessed for potential head and shoulder formations. Downside target could be as low as 7.2k. Always assess risk and always be prepared to be wrong. The downside drop is contingent of a bearish outlook on the stock market, and for the interest rate hikes over the last year to finally take effect. Also the swing from 3k to 69k, it would be ideal for price to rationalise this sudden rise by coming to the lower levels sub 10k before commencing the actual big bull. For now, enjoying these mini bull and bear cycles seem to be the name of the game rather than hodling and hoping. Further, a rejection at 52.3k in January would be the ideal time for an ETF approval, as we have seen approvals lead to large declines in the past. :D
BITMEX:XBT
by TheCheartBreaker
Bitcoin BTC price trading plan for the coming monthsFor more than 2 weeks, we have been observing that despite the almost perfect development of our ideas, the number of likes and comments under them has decreased. Do you not like the content presentation or do our ideas not coincide with your thoughts on the future of the crypto market?) Please write about it in the comments below the idea... Since you didn't like our ideas for BTCUSD on smaller time frames: We suggest you familiarize yourself with our thoughts on a longer timeframe. Let's assume that the global reversal on the BTCUSDT price chart will occur precisely because of "Inverted Head and Shoulders" pattern We are considering a possible buying of Bitcoin for a medium- and long-term investment in the range of $18700-19800 in the second half of March. We also remind you that the second and third decades of March will be dotted with publications of US macroeconomic indicators (CPI, Fed rate, etc), so the markets will be volatile. At the same time, in March, they promise to start paying 140+ thousand BTC as compensation after the theft on MtGox. Although these payments are postponed from year to year, they will happen sooner or later. And if at least some of them want to make a profit, it will put a lot of pressure on the BTC price and the crypto market in general. The medium-term growth target, according to the"Inverted Head and Shoulders" pattern, is in the region of $40,000 - $41,000. We would also like to remind you of our ideas from last year: Bitcoin & Cryptocurrency results of 2022 and plans for 2023-2025 🔥 How much can the Crypto market capitalization grow by 2025 🔥 As you can see, we think the potential for growth in the coming years is going to be phenomenal. What do you think, which coins will grow the best? AI, WEB3, NFT, DeFi? Share your thoughts in the comments below the idea! Perhaps you are following a specific project, then write a ticker in the comments, if we see prospects in it, we will definitely publish an idea for it. Have a great weekend to all!) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
77
Bitcoin's - not so - Unexpected Rally: Two Patterns, Two TradesDear Esteemed TV Members, B efore diving into the Bitcoin price analysis, it's crucial to emphasize that price alone doesn't tell the whole story. A bullish price forecast doesn't automatically translate into a secure investment. I want to clarify that I recently sold most of my BTC holdings due to liquidity concerns. The crypto market can be unpredictable, and a substantial increase in demand, which we witnessed, can lead to liquidity challenges. It's essential to consider various factors when making investment decisions. Let me share my insights into BTC's price and what indicators hinted at the recent developments on the chart. T he two positions on the chart are the pattern indications we'll focus on in this tutorial. I'll highlight two patterns that foretold BTC's bullish trajectory, but please note that other patterns and indicators could have pointed in the same direction. These are just two examples that caught my attention. Rounding Bottom L et's start with the first position, a trade from October 14th to October 24th, aptly named the Rounding Bottom. As the name suggests, this pattern resembles the lower half of a circle or an oval. Rounding Bottoms typically emerge after extended bearish trends. In bearish trends, bearish candles tend to outweigh the bullish ones, leading to increased volatility. The heightened volatility often results in corrective bullish candles that might surprise inexperienced investors. Many people mistake these bullish candles for a full reversal or overextend their positions. However, it's essential to remember that strong trends, whether bullish or bearish, can be quite volatile. S trong trends also tend to form bottom formations. While these bottoms can take various shapes, the Rounding Bottom is the focus here. One insight to observe is the decreasing candle sizes. After October 11th, the volatility decreased, leading to both smaller bearish and bullish candles. It indicates a change in the trend, though not necessarily a bullish one. A nother critical aspect to consider is decreasing volume. Reduced volume doesn't automatically signify a reversal. Bottom formations can include scenarios where the volume spikes before a sharp price increase. However, the decreasing volume in this context indicated a shift. I n addition to reduced volatility and volume, the candles started to form the characteristic oval structure. The price also stabilized on multiple Exponential Moving Averages (EMAs). To identify the pattern as a Rounding Bottom, I had to monitor the candles for a few more days, relying on not only their appearance but also considering volatility, volume, liquidation data, and EMA analytics. T he Rounding Bottom aligning with these indicators provided a degree of confidence in its bullish nature. However, the job was far from done. My initial target price was set based on a resistance trendline drawn from previous local tops, depicted on the chart in purple. AI analysis indicated that the price was likely to reach at least this level. Indeed, it did, and while the rally could have concluded there, the absence of clear top formations and the price stabilizing above EMAs 20, 50, 100, and 200 prompted me to keep the long position until October 24th. Broadening Wedge D uring this period, my pattern recognition algorithm identified a signal of a different formation between October 24th and 27th, a Broadening Wedge. Now, a different formation doesn't necessarily signify a reversal. Broadening Wedges often indicate an escalation of the existing trend, which, after the Rounding Bottom, had been bullish. This aligns with the general behavior expected in textbook examples. B etween these two long positions, there's a notable period where I refrained from taking a position. I also closed any existing positions due to the limited number of candles to identify any pattern with confidence. It's important to note that the more time you can observe a pattern forming, the higher the probability of getting it right. Jumping to conclusions based on just a few candles might lead to incorrect assessments. I n both the Rounding Bottom and Broadening Wedge, I excluded numerous other patterns. When analyzing the market, it's vital to exclude multiple possibilities before settling on a particular pattern. This increases the chances of accurately identifying the pattern in question. T his tutorial offers insights into pattern recognition, target price setting, and stop loss selection. However, remember that these are potential approaches to expand your understanding. Historical results don't guarantee future results. While these patterns proved helpful in this instance, other investors might have identified different patterns leading to similar or even better outcomes. "Too long to read, but I want to learn" tl;dr I found a Rounding Bottom, then a Broadening Wedge. Rounding Bottom shifted the trend from bearish to bullish, and Broadening Wedge continued the bullish trend. It's only a short-term insight from the past and doesn't necessarily reflect my long-term view about the asset or any future view. Kind Regards, Ely
BITSTAMP:BTCUSD
by Elysian_Mind
Bitcoin: My Perspective from Now Until 2025This is my analysis for Bitcoin, but to be frank, what truly interests me are other currencies. In my opinion, many of them have reached historical lows, presenting significant potential for substantial upward movement. This was a short and straightforward near-term analysis. This, on the other hand, is a long-term and more complex analysis. If we discuss the possibility of a pentago]nal rise, it's a consideration, but it appears weaker due to the weakness in the third. The correction method in the second is a factor. Assuming the wave from 2021 is a trilogy, it seems more like a pentagon to me than a trilogy. Nevertheless, I am very adaptable and prepared for anything.
KRAKEN:BTCUSD
by rerezz
Act Now to Long BTC at SMA 20 $36kAs we all know, the world of cryptocurrency trading is fast-paced and ever-evolving, demanding our constant attention and informed decision-making. So, without further ado, let's dive into an exciting game-changer: the BTC Simple Moving Average 20! Our expert analysis has determined that BTC's Simple Moving Average 20 has surged over an astonishing $36,000, setting the stage for a remarkable upward trend. This is an exciting signal that triggers us to urge you to take action promptly to long BTC and seize this golden opportunity! Why, you may ask? Well, the Simple Moving Average 20 is a highly regarded technical indicator, reflecting the average price of an asset over the past 20 days. As BTC continues to venture into uncharted territories and defy expectations, the SMA20 at $36,000 carries tremendous weight. It signifies a strong bullish sentiment, suggesting a potential upward momentum for Bitcoin in the near term. So, what does this mean for you? It's time to get in the game, increase your potential profitability, and embrace the thrill of trading! Don't miss out on this exhilarating chance to go long on BTC and ride the anticipated wave of growth analysts firmly believe that this is a pivotal moment that could have a significant impact on your investment portfolio. Remember, the cryptocurrency market waits for no one. Opportunities like these arise unexpectedly, creating the perfect moments for strategy execution and taking calculated risks. Don't let this chance pass you by! Take a leap of faith and long BTC at the remarkable SMA20 price of over $36,000 today!
BITSTAMP:BTCUSDLong
by bryandowningqln
Bitcoin Where to Buy- Everything is in Chart. - Actually TheKing entered a a correction phase. - We climbed for 4 Months Straight. - This kind of retracements are just normal. - if TheKing still bullish the maximum correction will hit -38.2% Fibo (around 25k$). - if Theking get hurts by a bad news (FA), the correction could bring the price around -61.8% FIbo (around 21.5k$). - The worst max pain dip would be around -78.6% Fibo (around 18.5k$). - Have a quick look at EMAs Rainbow Crossing up to get a more clear view and understand future movements. -- imho we are still slowly turning to a bullish impulse. -- Nothing confirmed that we will hit lowers prices for now. Stay Safe ! Happy Tr4ding !
BNC:BLX
by thecryer
7