Get started

Btctrade

BTC to drop 7% before it goes up againBitcoin (BTC) is currently on the cusp of a market adjustment, with projections suggesting a potential drop of approximately 7%. This anticipated decrease is seen as a part of the normal ebb and flow characteristic of the cryptocurrency market. Such fluctuations, while often unpredictable, are not unusual for digital currencies like Bitcoin, which are known for their volatility. This upcoming decline in BTC's value is expected to be a temporary phase, influenced by various market factors and investor sentiments. Despite the imminent drop, market analysts are optimistic about Bitcoin's recovery post-decline. Historically, Bitcoin has shown a remarkable ability to bounce back from dips, often achieving higher values post-recovery. This pattern suggests that the forthcoming decrease could present a valuable buying opportunity for investors. Those who purchase Bitcoin during this dip could potentially benefit from significant gains during the expected rebound. This strategy of buying low and selling high is a common practice among cryptocurrency investors, who capitalize on these market cycles. Looking ahead, the forecasted dip in Bitcoin's value is viewed as a short-term event in the broader context of its market trajectory. The cryptocurrency is expected to not only recover from the anticipated 7% drop but also potentially reach new heights. This optimistic outlook is based on Bitcoin's past performance and its growing acceptance and integration into mainstream financial systems. Investors who weather the temporary downturn and hold onto their assets are likely to see their patience rewarded as Bitcoin continues to evolve and gain traction in the global financial landscape.
BITSTAMP:BTCUSDShort
by TotoParasca
ADA to start growing faster than BTCCRYPTOCAP:ADA & BITSTAMP:BTCUSD The recent performance of ADA (Cardano) suggests it is a promising buy for investors. After a strong recovery from a support level of $0.23 on October 19, ADA experienced a significant rally, soaring by 65% to reach $0.40 by November 11. Although it's trading slightly below this peak, ADA is maintaining an upward trajectory, indicating potential for further growth. The currency seems poised to reach or even surpass its upper range near $0.42, which could represent a gain of around 16% from its current value. This pattern of recovery and growth makes ADA an attractive option for those looking to invest in the cryptocurrency market. COINBASE:BTCUSD
Long
by TotoParasca
Bitcoin Price Nears $35,000 Support Amidst Market Correction"The current Bitcoin price is trading at $35,536, officially confirming a correction in the downward trend. The convergence of Moving Average Convergence Divergence (MACD) indicators shows bars extending below the 0 line, and the MACD line moving below the signal line, signaling the intersection in the official downtrend. The intensifying downward trend causes altcoins to nearly drop below $35,500 before bouncing back above the crucial support level. However, this recovery may not be sustained in the upcoming trading sessions, potentially leading to a further decline in BTC value. The next major support level is the local support line at $33,901, which could push the Bitcoin price down to $31,507. Yet, if broader market signals attempt to bring optimism to the cryptocurrency space, BTC may escape the $33,901 support level to avert a crisis. Reclaiming $35,000 as support would weaken the bearish stance, propelling the cryptocurrency above $35,500 and targeting $40,000.
BITSTAMP:BTCUSD
by Gwen_Humuna
BTC Surges to $37,900 on Optimism Over U.S. Regulatory Approval"Bitcoin hits $37,900 for the first time in a year and a half, driven by expectations of U.S. regulatory approval for a Bitcoin spot exchange-traded fund (ETF). Trader sentiment improves as the U.S. Securities and Exchange Commission (SEC) reviews 12 Bitcoin ETF applications. At the time of writing, Bitcoin is trading at $36,683 on Binance. The market-leading cryptocurrency has seen a nearly 5% increase in value over the past week.
BITSTAMP:BTCUSD
by Gwen_Humuna
2
BTC will continue to rise next weekBitcoin (BTC) is up over 120% since the beginning of the year, showing that sentiment towards the crypto asset has improved significantly. Due to the large volume of purchases, the number of wallet addresses holding more than $1 million in Bitcoin this year has jumped from 23,795 on January 1 to 81,925 now, according to data from BitInfoCharts. After a significant price rally, Bitcoin could face headwinds in the short term as investors digest macroeconomic data and events taking place this week. The Consumer Price Index will be released on November 14th, followed by the Producer Price Index on November 15th, which could lead to short-term fluctuations. Short-term retracements are healthy for long-term market trends.
BITSTAMP:BTCUSDShort
by AstronautPioneer
BTC Drops due to High Stochastic Reading above 80 Bitcoin (BTC) price dropped due to a significant increase in the stochastic oscillator reading, surpassing the critical level of 80. It is crucial to approach this information in a neutral manner and make informed decisions based on objective analysis. The stochastic oscillator is a technical indicator widely used in financial markets, including the cryptocurrency realm. It measures the momentum of an asset's price and determines whether it is overbought or oversold. A reading above 80 generally indicates that an asset is overbought, suggesting a potential upcoming correction or reversal in price. Considering the present situation, it is advisable for traders to exercise caution and closely monitor the market movements. In such cases, it can be beneficial to pause BTC trading temporarily, as historical data suggests that prolonged periods of high stochastic readings are often followed by corrective or consolidating phases. Taking a step back during these times allows for a clearer perspective when the market eventually starts its next upswing. Making informed decisions is a pivotal aspect of successful trading, and having an objective understanding of indicators like the stochastic oscillator is part of navigating the cryptocurrency market effectively. I encourage you to stay informed about market trends, seek guidance from reliable sources, and utilize robust trading strategies to maximize your trading potential. Remember, the world of cryptocurrency is dynamic, and market conditions may change rapidly. Analyzing different factors alongside the stochastic oscillator can lead to a more comprehensive understanding of BTC price trends. Thank you for your attention to this matter. Feel free to reach out for further clarification or to discuss any concerns you may have by commenting below. Wishing you all profitable trading endeavors and a successful journey in the cryptocurrency market.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin (BTC) Long SetupOKX:BTCUSDT.P Long On passing the 38950 level TR 1/4 46764 TR 1/4 48884 TR 1/4 58985 Interested in your opinion on this algorithm of actions Long deposit 20% of the asset order 20% of deposit leverage ×20 cross margin take profit 25+-% of order stop loss 5+-% of order de los 1% of deposit RR 1 to 5 Entry on positive news background + At positive trendsetters support + No nearby reports, speeches + Bullish chart and candlestick patterns + A pool of indicator indices signalling an uptrend #DYOR
Long
by FelixVexelman
2
Hovers at $37,000 – A Call to Pause Trading for Your BenefitBTC has recently been hovering around the $37,000 mark, displaying a level of volatility that demands our immediate attention. In times like these, it is crucial to take a step back and evaluate the situation objectively. The rapid rise and fall of BTC's value can be overwhelming, and it is our responsibility to protect our investments and ensure the stability of our trading practices. Therefore, I strongly urge you to consider pausing your BTC trading activities temporarily. This pause will allow you to reassess your strategies, analyze the market trends, and gain a clearer understanding of the factors influencing BTC's current volatility. By doing so, you will be better equipped to make informed decisions that align with your long-term trading goals. Here are a few reasons why taking a pause in BTC trading is in your best interest: 1. Minimize potential losses: Volatile periods often lead to unexpected price fluctuations, making it challenging to predict market movements accurately. By temporarily stepping away from BTC trading, you can avoid making impulsive decisions that may result in substantial financial losses. 2. Gain perspective: Taking a break from trading provides an opportunity to reflect on your overall trading approach. Use this time to analyze your past trades, identify patterns, and refine your strategies accordingly. Remember, successful trading requires continuous learning and adaptation. 3. Reduce emotional stress: The constant ups and downs of the crypto market can take a toll on your mental and emotional well-being. Pausing BTC trading allows you to alleviate the stress associated with monitoring price movements, enabling you to approach future trades with a clear and focused mind. 4. Seek expert advice: During this pause, consider consulting with trusted experts or financial advisors who can provide valuable insights into the current market conditions. Their guidance can help you gain a broader perspective and make more informed decisions when you resume trading. I implore you to prioritize your financial well-being and take this opportunity to reevaluate your trading strategies. By pausing BTC trading temporarily, you can safeguard your investments and position yourself for long-term success in this dynamic market. Remember, the crypto market is ever-evolving, and it is crucial to adapt and stay informed. Use this time wisely to educate yourself, stay updated with market news, and explore new investment opportunities that align with your risk appetite. If you have any questions or need further guidance, please feel free to reach out to by commenting below. Thank you for your attention, and I urge you to make a responsible decision for your financial well-being. Let us approach this volatile period with caution and emerge stronger as traders.
BITSTAMP:BTCUSD
by bryandowningqln
BTC Support at $36,300 - It's Time to Long BTC! Now, I know you're already aware of the immense potential that Bitcoin holds, but let me emphasize just how exciting this development is. The $36,300 support level is not only a strong foundation for BTC's price, but it also signifies a potential bullish trend that could propel the market to new heights. Can you feel the excitement building up? So, why should you consider taking advantage of this opportunity and longing BTC? Here are a few compelling reasons: 1. Support Level: The $36,300 support level has proven to be robust, indicating a strong buying interest from the market. This support acts as a solid base, reducing the likelihood of a significant price drop and increasing the potential for an upward movement. 2. Bullish Momentum: The support at $36,300 coincides with a bullish sentiment in the market, as more and more traders are recognizing the long-term value and potential of Bitcoin. By joining the growing number of traders who are longing BTC, you can ride the wave of this positive momentum and potentially maximize your gains. 3. Long-Term Growth: Bitcoin has consistently demonstrated its ability to bounce back from market downturns and continue its upward trajectory. By taking a long position at this crucial support level, you position yourself to benefit from the long-term growth potential of BTC. Now, don't let this exciting opportunity slip away! It's time to take action and capitalize on the potential gains that longing BTC at $36,300 can offer. Remember, trading always involves risks, so it's essential to conduct your own analysis and make informed decisions based on your trading strategy and risk tolerance. If you're ready to seize this moment and embark on an exhilarating journey with Bitcoin, I encourage you to consider opening a long position on BTC today. Take advantage of the current support level and position yourself for potential profits in the days and weeks to come.
BITSTAMP:BTCUSDLong
by bryandowningqln
Predict Bitcoin's Price with "W" pattern from the 50 and 200 MA 50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading. If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same length). It’s also interesting to look at how deep the second correction, or “V”, will go. In the W pattern of End 2019 (October) - Middle 2020 (May), the 2nd dip was deeper than the first and it resulted in a bull market. We could argue that it also happened back in July/August 2014 – October 2015. In the W pattern of Middle 2021 (May) - End 2021 (October), the second dip was higher than the first and it resulted in a bear market. We therefore have to wait to see if there will be a correction and how deep it will be, continue to use indicators, and find patterns.
BITFINEX:BTCUSDShort
by YanakTrading
BTCUSD: November 9 Technical Analysis of BTCThe rise in Bitcoin (BTC) has paused at $36,000, but bulls are not in a hurry to cash in. The number of long-term holders (addresses holding Bitcoin for at least 155 days) is close to an all-time high, while the number of short-term holders (addresses holding coins for less than 155 days) is currently at an all-time low, according to Glassnode analysis, indicating that the supply of Bitcoin is getting tighter. Although the long term appears promising, there may be difficulties in the near future. The open interest in the Bitcoin futures market has increased significantly, surpassing $16 billion as of this writing, based on statistics from CoinGlass. Contributor J.A. Maartunn of the on-chain analytics tool CryptoQuant emphasized on While the price of Bitcoin could drop
BINANCE:BTCUSDLong
by Chart_MasterPro
BTC's Bullish Run with Higher Lows Over the past few weeks, BTC has been showing remarkable strength and resilience, forming a series of higher lows on its chart. This trend signifies a significant shift in market sentiment, suggesting that the bulls are gaining momentum and taking control. It's a clear sign that the long-awaited bullish run we've been anticipating is finally upon us! Now, I know what you might be thinking - "Is this just another temporary surge?" But let me assure you, my friends, this time it feels different. The market sentiment is shifting, and we're witnessing a growing number of institutional investors and big players embracing Bitcoin as a legitimate asset class. This newfound confidence, combined with the recent regulatory developments and increased adoption, sets the stage for BTC to soar to new heights. So, what's the call-to-action here? It's simple - it's time to go long on BTC and ride this wave of opportunity! Don't let the fear of missing out (FOMO) get the best of you. Take a moment to analyze the charts, identify the entry points, and strategically position yourselves to benefit from this bullish trend. Remember, successful trading requires a combination of analysis, strategy, and a sprinkle of optimism. While we can't predict the future with certainty, the signs are pointing towards a promising journey ahead for Bitcoin. By taking calculated risks and staying informed, we can position ourselves to capitalize on the potential gains that lie within. So, my dear traders, let's embrace this bullish momentum with a smile on our faces and a positive outlook. It's time to seize the moment, trust in the power of BTC, and make the most of this exciting opportunity. If you have any questions, need assistance, or simply want to discuss the latest market trends, feel free to reach out by commenting below.
BITSTAMP:BTCUSD
by bryandowningqln
BTC SETUPSHi guys, Today I have BTC for you. Since last week btc has been trapped underneath a supply area and has not been able to break through it. In terms of short trades there is a supply area around 35607 level which could drive the price down should it get there. Then if you want to go long you have to wait for the price to get to the demand area at the bottom then after confirming it in lower time frame take a long trade. So as always wait for the price to get to either of these areas and take your trade accordingly. Be honorable.
by AliHassanzadeh
BTC Trade IdeaBitcoin BTC is currently overextended and trading into a key resistance level. Entering long at the current price would be at a premium and high risk in my opinion. I would be looking for a buy opportunity if this retraces down into the 61.8 fibo range. TP 2/3 off at 1:1 RR and this is in the $. My bias is bullish, however not at the current level. Your comments would be appreciated. Also, a big thank you to everyone who has been boosting my trade ideas, I am forever grateful.
OANDA:BTCUSDLong
by tradingwithanthony
7