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BTC: What's Ahead After the CPI Data?BITSTAMP:BTCUSD Bitcoin is up 0.52%, trading at $61,317.96 after the CPI data, which slightly exceeded expectations. Despite the minor increase, the overall trend shows continued sidelined behavior, reflecting the pattern of the past months. Here's a breakdown of the technical indicators: 1D Timeframe Oscillators: Mixed signals, with the Relative Strength Index (14) at 45.86 (neutral), but Momentum (10) and Commodity Channel Index (20) indicate buying potential. However, MACD Level signals sell. Moving Averages: Most short- and mid-term moving averages suggest a sell, while the 200-period Simple Moving Average remains bullish at $60,020.79, suggesting long-term support. 2H Timeframe Oscillators: Mostly neutral, but Momentum (10) gives a buy signal. The MACD Level and Moving Averages are in sell mode, reflecting short-term weakness. Moving Averages: Clear sell signals dominate across the board, with only the Simple Moving Average (10) giving a buy at $60,868.83. 30-Minute Timeframe Oscillators: The shorter timeframe shows mixed signals, with a buy from the MACD Level (12, 26) and Simple Moving Average (20), while Momentum (10) and Bull Bear Power remain bearish. Moving Averages: Short-term moving averages are providing conflicting signals, showing that there may be a short-term consolidation phase. Summary: The indicators reflect a market still in consolidation with minor price recovery. Despite occasional buy signals on short-term charts, the overall trend remains cautious. Traders should keep an eye on potential breakouts from this sidelined range, but aggressive entries should be avoided for now. Disclaimer: This is not financial advice. Always do your own research before making any investment decisions.
by CF_444
Bitcoin update 5000$ in a rowbtc exactly reacted where the supply area and gave 2000$ in sell side and upside almost gave 3000++ points and also market still running in sell side 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
BITSTAMP:BTCUSDShort
by TRADING_MASTER_DAVIS
Very Important Update!Price action is currently trapped between two key value areas. Until we reclaim the VAL above, i'm expecting lower prices to come, and the point of control below (yellow line) is the next target. CRYPTOCAP:BTC #BTC Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
COINBASE:BTCUSD
by Navitility
AAVE retesting cup&handle breakout, 300% to ATHAAVE is looking bullish after breaking out of some key technical patterns. First, we had a large descending wedge, which is a textbook bullish reversal pattern. The breakout from this wedge was followed by a cup and handle formation, another strong bullish signal. Now we’re moving toward some key Fibonacci levels. The 0.382 Fib level at $289 is the first major target, representing an 80% gain from the breakout. Then, we have the 0.5 Fib level at $354, a 118% profit mark, and finally, the 0.618 Fib at $427, which signals a potential 135% gain. If the momentum stays strong, the final stretch would be a test of the all-time high (ATH) near $667, a 300% move from the entry point around $162. AAVE has momentum, but we should watch closely as it approaches these Fib levels, especially the $289 and $354 marks. In summary: AAVE has made a powerful breakout, but keep your eyes on those key Fibonacci levels for potential resistance. Always manage your risk as this could be an exciting, but volatile, ride. Disclaimer: Trading is like surfing—fun, but you might wipe out. This isn’t professional advice—always do your own research and consult a pro before diving in!
CRYPTO:AAVEUSDLong
by Blockbullder
1
OP & ALTs Resistance While I remain very bullish on crypto and alts I think this recent pump is not quite the true breakout. I like the OKX:OPUSDT chart because it's price action has been a nice cheat sheet/ indicator for where the crypto market is. Significant peaks are usually the tops and clear support zones are usually the bottom in the market. OP here seems to be replaying the same structure as last year. If it breaks out of this zone then perhaps alts are on the verge of the ultimate breakout. But in the past the major breakouts usually happen after a slow and gradual drift higher. The timing can be off but just using last year as a guideline. These sharp moves higher are usually shorts getting liquidated and longs jumping in from short term perp leverage traders which can be unsustainable for the true breakout back to ATH or new highs. There are exceptions like BINANCE:SUIUSDT where it shorts get liquidated, longs pile in, and lots of late spot fomo buying occurs. What invalidates this is if BTC creates a god candle breaking the 70k level from here and doesn't slow. It makes a little more sense to me if we see alt season towards very EOY or towards the very beginning of 2025 if crypto as a whole shows strength here in Q4.
by bhx10
1
BITCOIN - It's time to decide the directionThe situation at the moment is quite dubious, the price has been around the old ATH for six months now, I don't feel like saying that we are entering a bearish period for the simple fact that there has not been a violent rejection on the old ATH and I don't even feel like saying that the price action is bullish, because in this case the price, after closing above the old ATH would have used it as support and then continued upwards. Right now I'm just watching what happens
CRYPTO:BTCUSD
by MC_Capital_
4
SasanSeifi| BITCOIN: Will a Pullback Lead to Lower Levels?Hey there, ✌ Bitcoin is currently trading around the $58,500 range. Given the lack of stabilization above the $60,000 level, we could be facing a bearish trend. Additionally, with the recent break below the $59,300 mark, the short-term outlook on the 1-hour chart appears bearish. We expect that after completing a pullback, the price may move towards the corrective targets of $57,500, $57,000, $56,700, and $56,000. ❌ Key resistance levels to watch are around $59,000 and $59,700. 💢 Keep in mind that this is just my personal perspective and not financial advice. I’d love to hear your thoughts and exchange ideas! Good luck and happy trading! ✌😎 Feel free to reach out if you have any questions – I’m here to help!✌
Short
by SasanSeifi
ALL ABOUT FIBONACCIFibonacci retracement levels serve as indispensable tools for evaluating retracement potential and identifying targets This analytical scheme is most effective in market trends. In a market with an upward trend, the traders' goal is to determine the correction potential and strategically identify entry points for long positions. Conversely, in a downtrend, the focus shifts to evaluating correction potentials and tactically identifying entry points for short positions. By utilizing Fibonacci levels with precision and insight, traders can navigate market dynamics with greater clarity and strategic foresight. Operating rules: ●Identify the trend and work according to it ●To determine the correction potential for uptrend use the grid below up. ●To determine the correction potential for downtrend use a top-down grid. ●Find Swing High and Swing Low for correct using the tool. 1. For an uptrend, the Fibonacci grid extends from HL to HH. After breaking the downtrend from LL to HH. 2. For a downtrend, the Fibonacci grid extends from LH to LL. After breaking the uptrend from HH to LL. Settings for corrective movements: 0.5 - fair price (equilibrium). 0.62; 0.705; 0.79 - OTE zone (optimal entry into a deal). Unlike the standard values, this is a modified version with the highest mathematical expectation of price reversal. To open a position, we are always interested in the price behavior above or below the 0.5 value. The smart money will always look to buy at a discount and sell at a premium. Therefore, to open a short position we always look at the price above 0.5, which is considered a premium. And to open long positions, we look at the behavior of prices below 0.5, which is considered discount prices. The OTE zone is an extended grid that is always in the premium market when you are looking for a short position, or in the discount market when you are looking for a long position. These levels act as an area for the optimal entry point. Correction of the upward impulse. Fibonacci lines themselves do not act as support or resistance levels. It is not relevant to trade only on the basis of them. The price turns from specific areas that are displayed on the chart. Correction of the upward impulse. The price may go beyond OTE, this does not negate the relevance of the setup, HL is still being formed in the discount market. Correction of the upward impulse. Not in all cases, the price corrects to the OTE zone: when it reaches the support zone at the 50% level (equilibrium) or slightly below it, a reversal may already begin, because this moment already implies the start of buying or selling with smart money. Downward impulse correction. Make it a rule to open positions only after a correction in the premium or discount market, and skip other opportunities. Take profit according to Fibonacci In order to determine where you will take profits, you can use negative values. Settings for setting takes: -0.27 – take 1 -0.62 – take 2 -1 – take 3 or closing the position -1.5 / -2 – take 4 Fibonacci take Negative Fibonacci values can be used effectively on every trade, but try to prioritize the chart to identify more precise zones where price may reverse.
Education
by truepersonal
12
Will they allowed to go higher?It's unlikely that governments would intentionally allow altcoins to devalue central tradefi. There are a few scenarios where altcoins could potentially challenge the dominance of fiat currencies: Cryptocurrency adoption : Widespread adoption of cryptocurrencies could lead to a shift in the global monetary system, potentially reducing the importance of fiat currencies. Central bank digital currencies (CBDCs) : Some central banks are exploring the development of their own digital currencies, which could potentially coexist with altcoins and reduce the influence of traditional currencies. Decentralized finance (DeFi) : The growth of DeFi platforms, which offer lending, borrowing, and other financial services using cryptocurrencies, could potentially disrupt traditional financial systems and challenge the role of fiat currencies. So. will they 'really' allow it?
CRYPTOCAP:OTHERS.DLong
by kyss
2
Bitcoin - Bitcoin reached 60 thousand dollars!Bitcoin is below the EMA50 and EMA200 in the 4H timeframe and is trading in its descending channel In case of risk aversion in the US stock market or withdrawal of capital from Bitcoin ETFs today, we can witness the continuation of the downward trend. But it is better to enter into sales position within the specified supply zone due to the reward to the more appropriate risk If Bitcoin reaches the demand zones and continues to risk on sentiment in in the US stock market or invest in ETFs, you can enter into purchase position from these zones It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
COINBASE:BTCUSD
by Ali_PSND