Weed or BTC?If you're bullish BTC, you should be even more bullish on weed stocks on a break of this descending wedge.
Bitcoinusd
Bitcoin price looks settled following todays Breakout BTCUSD_2024-08-09_00-06-51_87596.png
As per my last post on Bitcoin which showed Bitcoin's strength in breaking out to the upside today from recent zones, this breakout occurred when Bitcoin was looking very bearish with D Tops across most timeframes. Be aware of a massive cup and handle formation on the weekly chart.
The chart here displays Bitcoins healthy price action as it settles in a rising wedge across 1hr, 2hr and 4hr timeframes.
We won't see these low prices again for a long time is my feeling. The interest rate reduction in the USA is practically in the bag for September and we are ever so close. Also today pleasing figures in unemployment assistance in the USA.
Going forwards to the September I am holding contracts in Silver but I have sold out of Gold as I see much more upside in Silver and potentially even more in Bitcoin. Buy the dips in small parcels that your margin can afford and safe and happy trading to everyone.
Bitcoin BTC price + CPI US 15.05 will stir up the marketHere is a chart of #BTCUSDT on the 12-hour timeframe.
At first glance, it looks nothing special: a prolonged consolidation on falling trading volumes, everything is natural and natural.
But tomorrow, at 15.05 at lunchtime with the close of the 12hr candlestick, everything can change.
Tomorrow is the announcement of the "fresh" US CPI rate.
Forecast: inflation will decrease from 3.5% to 3.4%.
Declining inflation = a good signal for the growth of financial markets.
But the tweet from Mr. Biden adds some "spice".
President Biden: wants to give new home buyers $400 per month for 2 years to help people with housing.
This is either a pre-election promise or a good opportunity to start the “printing press”
And now for a bit of conspiracy theorizing:
Let's assume for a moment that Biden knows a little more than we do. And tomorrow it will be announced that inflation has fallen not to 3.4% but to 3.2% or even 3%.
This will definitely cause a powerful surge and growth in the market.
The last thing that comes to mind is how massively $ were printed and distributed in the spring of 2020 as financial aid during COVID-19.
Do you remember how the crypto market grew then in 20\21 from an additional portion of “retail's crazy money”?)
So where do you think the CRYPTOCAP:BTC price will go in 24 hours?
👍 towards $71000
👎🏿 towards $56500
Alt Coin Holders are about to become RICH! ALT SEASONBitcoin dominance is topping out and is ready to shed dominance across the market!
Expect a hard drop! If the bottom of the wedge is broken then we can expect a major alt cycle!
I hope you're READY because alt coins are where the BIG MONEY will be made!
Use non-kyc exchange TradeOgre, here is my list of coins to accumulate now!
GHOST DAG Coins / $:CAS $:NXL $:SDR $:NTL $:HTN / Tickers are not on trading view
All coins across the market will rally together when the dominance melts! My eyes are set on projects that utilize Ghost DAG, Similar to $KASPA
Ethereum's Revival A Prime Opportunity for a Strong Rebound Analyzing the current market conditions for ETH/USDT, there are several technical indicators suggesting that Ethereum might be poised for a significant upward movement from its current price of $2,444. The recent sharp decline in price has brought Ethereum to a crucial support level, which has historically acted as a strong foundation for upward reversals.
Firstly, the Relative Strength Index (RSI) has dropped below the 30 level due to the recent sell-off, indicating that Ethereum is currently in oversold territory. This suggests that the selling pressure may have been overextended, providing a potential opportunity for buyers to enter the market and capitalize on the discounted price.
The Moving Average Convergence Divergence (MACD) is also starting to show signs of a bullish crossover. The MACD line is approaching the signal line from below, which often precedes a bullish trend reversal. This potential crossover, coupled with the oversold RSI, strengthens the case for a price rebound.
Additionally, the Bollinger Bands have expanded significantly during the recent price drop, reflecting increased volatility. However, the price has begun to stabilize around the lower band, suggesting that the downward momentum is waning and a reversal could be on the horizon.
Furthermore, the trading volume has spiked dramatically during the sell-off, indicating heightened market interest and participation. Historically, high volume during price declines can precede reversals as it suggests that new buyers are stepping in to absorb the selling pressure.
The Fibonacci retracement levels also align with this analysis, as the price is currently hovering around the 61.8% retracement level from the previous rally. This level is often considered a strong support area where price reversals are likely to occur.
From a fundamental perspective, Ethereum continues to see strong network activity and development progress, further supporting the potential for a rebound. The recent pullback may have been driven by broader market sentiment rather than any Ethereum-specific issues, providing an attractive entry point for long-term investors.
Given these factors, it seems like an opportune moment to consider buying ETH/USDT in anticipation of a medium-term price increase. The combination of oversold conditions, technical support levels, and strong fundamental backing suggests that Ethereum is well-positioned to recover from its recent dip and potentially target new highs in the coming weeks and months.
Triple top broken neckI'm shorting this. Triple top in the weekly timeframe. Strong pattern. The same as $BTC. I don't think the cryptos are coming back that soon. They need more time. And NASDAQ:COIN is going to follow. SL if a weekly candles closes above 215.
Bitcoin phase programmed? Take a look at the chart above. I am keeping this fully transparent: I am not a perma bear, nor am I a perma bull or moon boi. I am just analyzing what I see. If I am right, that would mean that we have bottomed for the time being and the next phase of Bitcoin is preparing. I inverted the chart to make the TA make sense to me because the right side up was just too confusing apart from the red line that I drew based on the run-up at the beginning of the year. (Which still held) We tested that red line support and retested it for the double bottom. Even if we triple bottom here it would also be a triple top inverted which is why this chart is upside down to showcase the bullish movement still works if we look at it this. Happy Trading and stay safe out there.
BTCUSDT#Bitcoin chart update: We've reached the bottom point, and I'm starting my buys from here. It slightly broke the descending trend support and continues to hold on the Fibonacci 0.618 support. It also dipped and relieved at the 49k support. Since last night, over 1 billion dollars in futures liquidity has been wiped out. In other words, technical analysis and indicators are loudly indicating a rise. The scenario I'm expecting is illustrated on the chart.
Bulls and Bears are fighting / If Support breaks ---> 60-62KBINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Dear Traders.
📝In this post I will track the BTCUSDT movements till next week.
No more talks, BTC is in a very serious situation. At the end of the next week, BTC may reach 60-62K and after that drop to near 50K level.
📡Please visit the recent positions.
💌Thanks for your support and energy.
Sell important BitcoinThe trend in the daily time frame lowers the ceiling and floor, and now we can see the sell of Bitcoin up to the target of 50,000.
Bitcoin Breaks $57,142 Support LevelBitcoin has broken a major support level at $57,142. If it fails to hold the support at $52,213 and cannot stay within the $55,000 support zone, we could see Bitcoin drop to $47,118.
BTCUSDT is showing signs of a short-term declineWith the current price of 66850, BTCUSDT is showing signs of a short-term decline. This is evidenced by decreasing trading volume and bearish momentum indicators, suggesting a potential downturn in price. Additionally, there are indications of an impending significant correction, highlighting the possibility of a period of consolidation in the near future. Traders should exercise caution and monitor price movements closely.
The best time to buy BitcoinThe right time to buy Bitcoin
Recent events in the Middle East and recent news have caused a crash in crypto currencies.
But these are temporary.
And soon we will see Bitcoin rise again.
There's no need to have very long-term and high targets.
For now, buy at the two levels I've identified and hold until the mark I've made.
BTC/USDT Outlook ICT ConceptsBitcoin (BTC/USDT) Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on BTC/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
We expected the price to expand lower after a brief retracement higher, which it did. The price has since swept some key liquidity levels.
📍 Current Market Overview:
The current price is around 61,932.00. The price has swept the previous week low (PWL), taken out some sell-side liquidity (SSL), and tapped into a Daily Fair Value Gap (FVG). Additionally, it is inside a weekly FVG.
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWL: Previous Week Low
• PWH: Previous Week High
• PML: Previous Month Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe
• Weekly FVG: Weekly Fair Value Gap, indicating areas of imbalance on the weekly timeframe
📊 Key Considerations:
SMT at the Lows with ETH/USDT: BTC has formed higher lows while ETH has formed lower lows, indicating potential bullish divergence.
Daily and Weekly FVG Interaction: The price has tapped into a Daily FVG and is inside a Weekly FVG, suggesting potential support.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Retracement Higher: We can expect the price to have a retracement higher from here to some key levels or lower time frame low resistance levels.
• Targeting Key Levels: The price could aim for the FVG above and possibly sweep minor buy-side liquidity before deciding on the next move.
📉 Bearish Scenario:
A bearish scenario should be considered if the following conditions are met:
• Failure to Hold Support: If the price fails to hold the support provided by the Daily and Weekly FVG, we might see a continuation lower.
• Clearing Buy-Side Liquidity: For any bearish scenario, we need either one of the key buy-side levels to be taken or create some low resistance buy-side liquidity on lower time frames and sweep them, after which we could aim for lower prices.
📊 Chart Analysis Summary:
• Bullish Expectation: The expectation is for the price to potentially retrace higher from the current levels, targeting the FVG above or some lower time frame low resistance levels.
• Bearish Expectation: For a bearish scenario, we need to see a failure to hold the current support levels and potentially clear some buy-side liquidity before considering lower targets.
🙏 Thank you for joining us!
Exploring BTC/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
BTCUSDT 03.08.2024 PREDICTION BYBIT:BTCUSDT prediction for the next few weeks if BTC respects building blocks .
#BTCUSD/H4. What opportunities are there for BTCUSD and Bitcoin?BTCUSD long-term analysis:
After establishing a new peak at 70000; BTCUSD has dropped sharply to the previous support area of 63500, where a correction towards 64800-65000 is occurring before continuing the downward trend.
There is a high possibility that BTCUSD will form a bottom around 61000-61500 and move back up.
Recommended orders:
Plan 1: SELL BTCUSD zone 64800-65000
SL 65300
TP 63300-62300-61000.
Plan 2: BUY BTCUSD zone 60900-61100
SL 60600
TP 62000-65000-69000.
BITCOIN - TRUMP ENDORSES BITCOIN AS US CRITICAL RESERVE - CM101BITCOIN / USD TA
To provide a technical analysis of Bitcoin based on the chart, let's focus on key elements such as trend lines, chart patterns, and Fibonacci retracement levels:
1. Fibonacci Retracement Levels:
- The Fibonacci retracement levels marked on the chart indicate significant price levels where Bitcoin may find support or resistance. We do not believe that we will see such levels any time soon though... These levels are:
- 0.236 at approximately $21,849
- 0.382 at approximately $27,207
- 0.5 at approximately $32,484
- 0.618 at approximately $38,784
- 0.786 at approximately $49,919
2. Chart Patterns:
- The chart shows a descending channel where Bitcoin has been consolidating.
- The breakout from this descending channel is crucial. The chart indicates a potential breakout to the upside.
3. Support and Resistance Levels:
- The immediate resistance level is around $68,846 (the previous high).
- There is support at approximately $62,500, which is indicated by the red line and the lower boundary of the descending channel.
- Further support levels are aligned with the Fibonacci retracement levels mentioned above.
4. Trend Analysis:
- The overall trend appears to be bullish as Bitcoin has been making higher highs and higher lows since the bottom in early 2023.
- The breakout from the descending channel could signal a continuation of this bullish trend.
5. Price Projections:
- If Bitcoin breaks above the $69,000 resistance level and sustains the momentum, the next major psychological level is around $77,000.
- In a highly bullish scenario, the price could target the $100,000 mark, as indicated by the green projection on the chart, by end of September as previously suggested.
6. Potential Bearish Scenario (Unlikely, but nothing is off the table):
- If Bitcoin fails to break out and falls below the $62,500 support level, it could retest lower Fibonacci levels. The first significant support in this scenario would be around $49,919 (0.786 Fibonacci level).
Summary
- Bullish Scenario: Breakout above $69,000 with targets at $77,000 and potentially $100,000.
- Bearish Scenario: Failure to break out and a drop below $62,500 with possible retests of $49,919 and lower Fibonacci levels.
Recommendations:
- For Bulls: Watch for a confirmed breakout above $69,000 before entering long positions.
- For Bears: Monitor the $62,500 support level closely for potential short opportunities if the price breaks down.
Not financial advice, just what we see playing out on the charts.
BITCOIN - TRUMP ENDORSES BITCOIN AS US CRITICAL RESERVE - CM101BITCOIN / USD TA
To provide a technical analysis of Bitcoin based on the chart, let's focus on key elements such as trend lines, chart patterns, and Fibonacci retracement levels:
1. Fibonacci Retracement Levels:
- The Fibonacci retracement levels marked on the chart indicate significant price levels where Bitcoin may find support or resistance. We do not believe that we will see such levels any time soon though... These levels are:
- 0.236 at approximately $21,849
- 0.382 at approximately $27,207
- 0.5 at approximately $32,484
- 0.618 at approximately $38,784
- 0.786 at approximately $49,919
2. Chart Patterns:
- The chart shows a descending channel where Bitcoin has been consolidating.
- The breakout from this descending channel is crucial. The chart indicates a potential breakout to the upside.
3. Support and Resistance Levels:
- The immediate resistance level is around $68,846 (the previous high).
- There is support at approximately $62,500, which is indicated by the red line and the lower boundary of the descending channel.
- Further support levels are aligned with the Fibonacci retracement levels mentioned above.
4. Trend Analysis:
- The overall trend appears to be bullish as Bitcoin has been making higher highs and higher lows since the bottom in early 2023.
- The breakout from the descending channel could signal a continuation of this bullish trend.
5. Price Projections:
- If Bitcoin breaks above the $69,000 resistance level and sustains the momentum, the next major psychological level is around $77,000.
- In a highly bullish scenario, the price could target the $100,000 mark, as indicated by the green projection on the chart, by end of September as previously suggested.
6. Potential Bearish Scenario (Unlikely, but nothing is off the table):
- If Bitcoin fails to break out and falls below the $62,500 support level, it could retest lower Fibonacci levels. The first significant support in this scenario would be around $49,919 (0.786 Fibonacci level).
Summary
- Bullish Scenario: Breakout above $69,000 with targets at $77,000 and potentially $100,000.
- Bearish Scenario: Failure to break out and a drop below $62,500 with possible retests of $49,919 and lower Fibonacci levels.
Recommendations:
- For Bulls: Watch for a confirmed breakout above $69,000 before entering long positions.
- For Bears: Monitor the $62,500 support level closely for potential short opportunities if the price breaks down.
Not financial advice, just what we see playing out on the charts.
BITCOIN TRADE after taken sell side and market structure shift and rejection FVG we will see an expansion to taken liquidity of buyside
- Tading is probability control your risk management.
Good luck !
ORAIUSDT's Promising Ascent: A Deep Dive into Its Recent
The recent price surge of ORAIUSDT to 7.670 has captured the attention of investors and analysts alike, marking a significant milestone in its market journey. This upward trend can be attributed to a combination of technical indicators and broader market dynamics. The Relative Strength Index (RSI), a popular momentum indicator, has shown a bullish divergence, suggesting that the buying interest is overpowering selling pressures. Moreover, the Moving Average Convergence Divergence (MACD) indicator has crossed above the signal line, which is often interpreted as a bullish signal that indicates potential for further gains.
Additionally, ORAIUSDT's trading volume has witnessed a substantial increase, pointing towards heightened investor interest and market participation. This surge in volume often precedes or accompanies price increases, reinforcing the notion of a sustained rally. The broader market sentiment around altcoins has also been favorable, driven by growing optimism in the cryptocurrency space and renewed interest in decentralized finance (DeFi) projects.
Fundamentally, recent developments within the ORAI ecosystem, such as strategic partnerships and technological advancements, have strengthened investor confidence. The project's focus on innovation and scalability could be a driving factor behind the price increase. Moreover, positive news coverage and social media buzz have further fueled the upward momentum, drawing in retail and institutional investors alike.
While the current price level of 7.670 is impressive, traders are keeping a close watch on key resistance levels, anticipating potential consolidation or continuation patterns. The recent bullish run of ORAIUSDT serves as a testament to the dynamic and rapidly evolving nature of the cryptocurrency market, offering both opportunities and challenges for market participants. As ORAIUSDT continues to navigate this bullish phase, investors remain cautiously optimistic, looking for signs of sustained growth and long-term value creation.
Trading Signal For BTCUSDT Bitcoin Trading Setup:
There is a Trading Signal to Buy in EBTCUSDT Bitcoin
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 60420.0
⭕️SL @ 58255.0
🔵TP1 @ 68804.0
🔵TP2 @ 73500.0
🔵TP3 @ 80000.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
BTC/USDT Outlook ICT ConceptsBitcoin (BTC/USDT) Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on BTC/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
In the previous analysis, we anticipated the price to expand higher after sweeping the liquidity of the previous month's low and the sell-side liquidity below that level. This bullish outlook has continued to hold up until now.
📍 Current Market Overview:
The current price is around 68,184.01. The previous week's high has already been taken, and the price is close to sweeping the buy-side liquidity (BSL) at higher levels.
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWH: Previous Week High
• PWL: Previous Week Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• SMT: Smart Money Technique
• Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe
📊 Key Considerations:
• Current Price Position: The price is trading around 68,184.01, close to sweeping the buy-side liquidity.
• Key Levels Swept: The price has taken out the previous week's high and is near the BSL.
• Potential Retracement: After sweeping the BSL, a retracement back into the previous week's low or the FVG above it is anticipated.
• SMT with ETHUSDT: The Smart Money Technique (SMT) with ETHUSDT indicates a bullish outlook, suggesting that the lows below the SMT may act as protected levels.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Retracement to Key Levels: After sweeping the buy-side liquidity, the price retraces back into the previous week's low or the FVG above it.
• Protected Lows: The SMT with ETHUSDT suggests that the lows below the SMT may act as protected levels, supporting a bullish continuation.
📉 Bearish Scenario:
A bearish scenario is likely if the following conditions are met:
• Sweep of BSL: The price sweeps the buy-side liquidity, indicating a potential reversal and bearish movement.
• Failure to Hold Above Key Levels: If the price fails to hold above the key levels and starts to decline, further bearish movement is likely.
📊 Chart Analysis Summary:
• Bullish Expectation: The expectation is for the price to potentially sweep the BSL, retrace back into the previous week's low or the FVG above it, and then continue higher. The SMT with ETHUSDT supports a bullish outlook.
• Bearish Expectation: If the price sweeps the BSL, it could signal a bearish scenario. If the price fails to hold above the key levels and breaks below the recent lows, further bearish movement is anticipated.
🧠 SMT Explanation
Smart Money Technique (SMT):
SMT divergence occurs when two correlated assets, such as BTCUSDT and ETHUSDT, exhibit different price behaviors at their respective lows. In this case, ETHUSDT created a lower low, while BTCUSDT made a higher low. This SMT divergence indicates a bullish scenario for BTCUSDT, suggesting that the lows below the SMT may act as protected levels.
🙏 Thank you for joining us!
Exploring BTC/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Bitcoin rangingThe final sell-off of the German government's BTC reserves has calmed down to the point of the big bad olf being gone. Mt Gox is still in the back of everyone's mind which is why the fear greed index still sits below 45 but I truly belive that we have bottomed already and BTC is preparing for a massive explosion in Q4 of this year.
