BTC-M
Bitcoin | In Satoshi V Trust Gentlemen welcome to BULL MARKET
The price of Bitcoin is $28,280 today with a 24hour trading volume of 45 billion dollars This represents a 4% price increase in the last 24 hours and a 40% price increase in the past 7 days
When iconic US investment bank Lehman Brothers Holdings Inc. filed for bankruptcy in 2008, it shook people’s faith in banks so much that a new class of asset, which did not have the backing of any formal bank, came into being. Bitcoin, the most popular cryptocurrency, first found a mention in November 2008, about two months after the Lehman crisis. A decade later, cryptocurrencies have become one of the most debated financial assets, globally and in India, in terms of risk and returns. now in 2023 Banks fails even bigger and bitcoin is here to shine
Right now all big companies including Amazon, Microsoft, BlackRock, BridgeWater ... got an eye on crypto and buying the dip while the old banking system shows its flaws
all indicators sending bullish signal and be ready for 28500, 28700 and 28900$
Inverse #Cramer SELL ALL YOUR #Crypto!! :)I still see disbelief at this rally
I'm starting to see anger at having missed the bottom and lower entry points
Some noobs and some crypto OG's are still holding #stablecoins
having locked in their losses.
I see crypto total market cap at over 5 trillion in 2 years
Life changing money is to be had, but the multiples rapidly shrink the higher these prices go,
I believe we pump into May
sell and go away till sept could be an aggressive strategy
Or jus hold for 2 years .. couldn't be easier
MA OSCILLATOR RISK METRIC | BTC COLOURED CANDLES [DAILY]As promised, post showing the 'MA OSCILLATOR RISK METRIC' indicator on the daily time frame for you to explore.
This post shows BTC's behavior to historic over / under extension to price and historic levels of volatile in prior cycles on the Daily chart.
Feel free to interact with the chart on a computer via this post (phone apps only show the static image with trading view posts).
MA OSCILLATOR RISK METRIC | BTC COLOURED CANDLES [Weekly]Hi All. Since my prior post on this indicator, I have been asked to show this indicator with risk level colours against price. I initially built this functionality in originally (during the development of this indicator) a number of different ways but ended up simplifying to using pine scrip 'bar color' function.
This post shows BTC's behavior to historic over / under extension and volatile ranges in prior cycles on the Weekly chart. I will follow this post showing the daily chart.
Feel free to interact with the chart on a computer via this post (phone apps only show the static image with trading view posts).
BTC/USDT 15m Time for a cool off? Trying to Keep a sensible approach during crazy times, I see 2 possible bullish setups:
- A wick down into bullish OB plus a breakout of the diagonal resistance is a strong setup.
- 2nd option is the same further down.
If BTC continues to climb I'd like to see the bearish OB flipped with a convincing flip from resistance to support.
A full week of non stop climbing does need a correction to be healthy and punish late longs with a leverage flush.
APT Long Spot Trade (Retest of Breakout)Market Context: APT has shown strong momentum with an impressive breakout beyond its accumulation range. We are now looking for a retest of the former resistance zone ($9 - $10), expecting this level to hold as new support for the next leg up.
Trade Setup:
Entry: Ladder into a long spot trade between $9 - $10
Take Profit:
First target: $16.5
Second target: $19
Third target: $26
Stop Loss: Daily close below $8
This setup aims to capture further upside as APT establishes support at the retested level. #APT
Nov.05-Nov.11(BTC)Weekly market recapLast week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold digital currencies obtained from assets seized from financial criminals by the federal government, and the promotion of the U.S. BTC mining industry, with the hope that the remaining global BTC will be mined in the United States.
Currently, the U.S. is in a rate-cutting cycle, with a reduction already implemented on November 8, and another expected this year. As long as the CPI data on November 13 does not exceed expectations, the likelihood of further rate cuts is significant.
Last week, there was a substantial net inflow into BTC ETFs, indicating that following Trump's victory, the favorable monetary policy has sparked optimism and speculative behavior among investors, leading to a significant influx of capital into the cryptocurrency market.
Given the current landscape, the cryptocurrency-friendly regulatory environment, the substantial inflow of funds into BTC ETFs, and the macroeconomic benefits of the Federal Reserve's rate cuts are all catalysts for BTC's rise last week and its potential future increases.
BTC exhibited a one-sided upward trend last week, continuously reaching new highs near $90,000. The WTA indicator shows the appearance of blue bars representing whales. This macro shift is beginning to attract large capital. The purple wave area on the ME indicator is widening, indicating strengthening bullish sentiment.
In summary, we believe BTC may rise this week, but caution is warranted regarding potential pullbacks. We have adjusted the resistance level to $90,000 and the support level to $79,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
SMA Golden Ratio | CYCLE 4 ATH UpdateIn accordance with historical behavior, BTCs ATH each cycle has corresponded with the next SMA line down (following a multiplication factor of the Fibonacci sequence). As observed in CYCLE 3, BTC tag the BLUE line putting in the Technical High of this cycle meaning CYCLE 4 should tag the Yellow line if History is to repeat. The Second and ATH top of CYCLE 3 tag two lines down hitting the gray line.
We can see BTC has already tag the Yellow line when BTC tage ~73K USD. Looking at CYCLE 3, BTC played with the BLUE line multiple times before settling with the top. Considering this in CYCLE 4 BTC may make another attempt at intercepting the Yellow line again depending no how parabolic BTC will be over the AUS summer period will land the price in the zones discussed in the below post.
BTC in CYCLE 4 may also contact the gray line and in this scenario most tops out around the 100K region December 2024 / January 2025.
BUY / SELL INDICATOR| CYCLE 4 ATH UpdateAssuming we reach the Light Red line again of the BUY / SELL indicator, as per our analysis in the below post this could suggest an ATH for CYCLE 4 could land in the 117K to 157K region.
It is noted while it was the second top in CYCLE 3; our purple line met / crossed but did not exceed past our orange signal line materially (see red arrow above). This marked the second and ATH of Cycle 3. We are approaching this scenario with the orange and purple line as we approach the mid 90K region (see cross and second red arrow above). Worth tracking on your radar.
Again if we continued on as we have with prior cycles and reach either or both the Red Lines of the BUY / SELL indicator we would be expecting a very parabolic period ahead.
CYCLE PIVOT INDICATOR - CTI (Cycle Top Indicator) Cycle 4 UpdateAssuming the CTI (Cycle Top Indicator) again holds true in estimating in real time the potential top for Cycle 4 ATH, as per our analysis in the below post we would be expecting a very parabolic period ahead to land in the discussed cycle ATH zones.
Bitcoin TSI DivergenceNoticed something this morning that there is bullish divergence on the 1W BTC chart.
This bullish divergence has happened a few times over the last few years and is followed by a bullish cross on TSI which has always resulted in significant upside.
Possible we see some movement to the upside over the next few weeks?
Is the ADABTC bottom in?Here are a couple potential ADAUSD prices if it can reach the ≈0.00006 level of the prior two bull runs.
150k BTC = $9 ADA
200k BTC = $12 ADA
These ADA prices are most likely at the high end of probable tops for ADAUSD. ADABTC very well may not reach its prior highs, but once BTCUSD slows down similar to early 2021 expect ADA to gain a lot ground.
Cardano is a staple in the cryptocurrency scene and will not be left behind this bull market. A 100k+ Bitcoin will bring a lot of attention and people will see ADA as a "cheaper" alternative to Ethereum and Solana and identify its potential for large gains. I am confident ADAUSD will reach its prior ATH and then some.
TRUMP PUMPS BITCOIN 30% in Last 6 DaysThe TRUMP PUMPS BITCOIN 30% in the past 6 days since the election.
CRYPTOCAP:BTC at $90K and in PRICE DISCOVERY.
This means there are no prior levels of resistance on the chart, and SKY’S THE LIMIT.
Next fib level of resistance comes ~$101,600.
That’s another 15% pump from here.
That does not mean we cannot go back down.
$76,5 was the last hiccup in this run.
HODL.
What is next for BTC?Hi, it has been a long time since my last post but I feel like I should give my thoughts in the future of BTC.
I believe the we will see the same pattern that we had in the 2021 bull run and BTC could potentially hit a new ATH this year. I don't think we will have the strenght to reach 100K but 80K BTC can be done. If this is your first bull run I advise you to trade carefully since the bottom of BTC might still come before the next leg up. In the previous bull run we started strong in the first few months and then slowed down in June and July. I think the same will happen this year (first BTC and then altcoins). If my predictions are correct I will post a BTC chart when its time to sell. Comment what you think and follow please!
Note: This is not financial advice, trade carefully.