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🚨Bitcoin is Ready to Break Descending Channel🚨⏰(1-Hour)⏰🏃‍♂️Bitcoin is moving in the 🟢 Support zone($25,840_$25,600) 🟢 after leaving behind a 🐻 Bear Trap 🐻. 📚It is better to know that, in general, Volume Trading is ↘️ Low ↘️ on Saturdays and Sundays . 🌊According to the theory of Elliott waves , it seems that Bitcoin has successfully completed its 5 downward waves and has already started corrective waves . 💡One of the signs of the completion of wave 5 is the Regular Divergence (RD+) between two consecutive bottoms in the RSI indicator . 💡Another sign that we can hope that Bitcoin will succeed in breaking the Descending Channel is the Regular Divergence (RD+) between Volume and Price in two consecutive bottoms . 🔔I expect Bitcoin to gradually break out of the Descending Channel and reach the 🔴 Resistance zone($27,000-$26,350) 🔴 and 🎯 Target 🎯 I have identified on the chart. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
57
BTC Hits New Support Level at $24800Introduction: In the ever-volatile world of cryptocurrency, Bitcoin (BTC) has recently encountered a significant shift as it reached a new support level at $24800. This sudden development has raised concerns among traders, prompting a need for caution and careful evaluation of the market conditions. In this article, we will delve into the implications of this support level and emphasize the importance of waiting for clarity before resuming Bitcoin trading. The Importance of Support Levels: Support levels play a crucial role in technical analysis, indicating a price point at which an asset is expected to find buying interest and reverse its downtrend. They act as a safety net, preventing prices from plummeting further. The recent establishment of a support level at $24800 for Bitcoin suggests a potential stabilization in its value. However, it is essential to remember that these levels are not guarantees but indications of possible reversals. The Concerning Tone: Traders, we find ourselves in uncertain times. The cryptocurrency market has always been known for its volatility, and the recent developments surrounding Bitcoin only add to the confusion. As we navigate through uncharted waters, it is crucial to approach this situation with a concerned tone. Instead of hastily jumping into trades, we must exercise patience and wait for clarity to emerge. Why Pause Bitcoin Trading? Given the current circumstances, it is prudent to pause Bitcoin trading until we understand the market's direction. Here are a few reasons to consider: 1. Market Sentiment: Establishing a support level at $24800 is a positive sign but does not guarantee an immediate upward trend. Assessing market sentiment and observing traders' reactions to this new support level is crucial before making any hasty decisions. 2. Volatility and Risk: Bitcoin's recent volatility has left many traders on edge. Sudden price swings can result in significant losses if not approached with caution. We can minimize the risks associated with uncertain market conditions by pausing trading. 3. Clarity is Key: Waiting for clarity is essential to make informed trading decisions. It allows us to evaluate the market trends, monitor price movements, and analyze the impact of external factors that may influence Bitcoin's trajectory. We can avoid impulsive actions driven by fear or uncertainty by exercising patience. The Call to Action: Traders, in these uncertain times, must prioritize caution and prudence. It is crucial to continue pausing Bitcoin trading until clarity emerges and a clear upward trend is established. By doing so, we can mitigate potential risks and make informed decisions based on market stability. Remember, the cryptocurrency market is highly unpredictable, and impulsive actions can lead to significant losses. Take this opportunity to educate yourself, stay updated with market news, and seek guidance from trusted sources. Together, we can navigate this challenging period and position ourselves for success when the market stabilizes. In conclusion, let us exercise patience and restraint until the market provides a more straightforward path. We can make informed decisions and protect ourselves from unnecessary risks by waiting for clarity to show a definitive upward trend. Stay informed, stay cautious, and most importantly, stay resilient. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your research and consult a professional before making investment decisions.
BITSTAMP:BTCUSDShort
by bryandowningqln
BTC Bitcoin Technical Analysis and Trade IdeaBitcoin is presently positioned within critical daily, weekly, and monthly price levels. An evident trend on the chart indicates that Bitcoin has been subjected to significant bearish pressure, prompting us to consider the potential for a selling opportunity. Nevertheless, there are noteworthy chart elements that demand our careful scrutiny, and these have been thoroughly examined in the accompanying video. In the video presentation, we conduct a comprehensive analysis of the prevailing trend, price fluctuations, market structure, and other essential facets of technical analysis. It is worth reiterating that our video provides lucid explanations, but it is imperative to underscore that the information presented should not be misconstrued as financial advice.
OANDA:BTCUSDShort
by tradingwithanthony
10
BTC Price Drops Below SMAs with Negative with Negative BTC MinerOver the past few days, we have witnessed a significant drop in the price of BTC, which is now trading below its Simple Moving Averages (SMA) of 50, 100, and 200. This downward trend indicates a potential bearish market sentiment and raises serious concerns for BTC miners. Furthermore, the BTC miner netflow remains persistently negative, indicating a continued outflow of BTC from mining pools. This negative flow suggests that miners are increasingly selling their BTC holdings, possibly due to growing concerns over the profitability of mining operations in the current market conditions. Considering these factors, all traders must exercise caution and evaluate their trading strategies accordingly. The potential risks associated with continuing BTC trading at this time cannot be overlooked. It is advisable to pause and reassess your positions, considering the prevailing market sentiment and the potential impact on BTC miners. In light of this situation, we strongly encourage you to consider the following actions: 1. Evaluate your trading positions: Take a moment to review your current BTC positions and assess their potential risks. Consider whether reducing exposure or adjusting your trading strategies to mitigate potential losses may be prudent. 2. Stay informed: Stay updated with the latest market news and analysis to make informed decisions. Keep a close eye on BTC price movements, SMA trends, and BTC miner netflow data. This will help you gauge the market sentiment and adjust your strategies accordingly. 3. Seek expert advice: If you are uncertain about the best course of action to take during these uncertain times, do not hesitate to consult with trusted investment advisors or seek guidance from experienced traders. Their insights and expertise can provide valuable perspectives to navigate challenging market conditions. Remember, while the crypto market can be advantageous, it is also inherently volatile. It is crucial to exercise caution and make informed decisions to protect your investments.
BITSTAMP:BTCUSDShort
by bryandowningqln
BTC NEW ANALYZE DAILY As you have seen in the previous analysis Wyckoff's theory happened in Bitcoin and it has experienced a decline in price up to the base of the start of its movement, i.e. the $26,000 range. Also, it has broken down its daily ascending channel, which is the trend line that the buyers were hoping for The current mentality regarding Bitcoin is to sell and any increase in the price can be a good opportunity for sellers Thank you for sharing your opinion with me
Short
by jawad369
RSI Slowdown Hits Low for BTC in Last 2 WeeksIntroduction: In the fast-paced world of cryptocurrency trading, it's crucial to stay updated on market trends and indicators that can influence your investment decisions. Bitcoin (BTC) has recently experienced a significant slowdown, as the Relative Strength Index (RSI) indicates. This article aims to shed light on this development and provide a cautious call to action for traders considering shorting BTC. Understanding the RSI Slowdown: The RSI is a popular technical indicator used to assess the strength and momentum of an asset's price movements. It helps traders identify potential overbought or oversold conditions, thus aiding in decision-making. Over the last two weeks, the RSI for BTC has hit a low point, suggesting a possible slowdown in its upward trajectory. Cautionary Analysis: While the RSI slowdown may raise concerns among traders, it is essential to approach this situation cautiously. The cryptocurrency market is highly volatile and subject to sudden fluctuations, making it necessary to consider various factors before making investment decisions. Here are a few points to keep in mind: 1. Historical Patterns: Past performance does not guarantee future results. While the RSI slowdown may indicate a potential downturn, analyzing historical patterns, market sentiment, and other indicators is crucial to comprehensively understanding BTC's current state. 2. Fundamental Analysis: Bitcoin's value is influenced by numerous factors, including regulatory developments, global economic conditions, and technological advancements. Traders should conduct a thorough fundamental analysis to assess the long-term potential of BTC before considering shorting it solely based on the RSI slowdown. 3. Risk Management: Shorting BTC carries its own set of risks. Traders must carefully evaluate their risk tolerance, set stop-loss orders, and diversify their portfolios to mitigate potential losses. It is essential to have a well-defined risk management strategy in place to protect your investment. Call-to-Action: Consider Shorting BTC with Caution Given the RSI slowdown in the last two weeks, traders may be tempted to short BTC. However, it is crucial to proceed with caution and consider the following steps: 1. Thorough Analysis: Conduct a comprehensive analysis of BTC's price history, market sentiment, and other technical indicators to gain a holistic perspective on its current state. 2. Consult Expert Opinions: Seek advice from experienced traders or financial advisors with in-depth cryptocurrency market knowledge. Their insights can help you make informed decisions based on a broader perspective. 3. Risk Management: Before shorting BTC, ensure you have a well-thought-out risk management plan. Set realistic profit targets and implement stop-loss orders to minimize potential losses. Conclusion: While the RSI slowdown in the last two weeks may raise concerns among traders, it is essential to approach the situation cautiously. The cryptocurrency market is highly unpredictable, and shorting BTC solely based on one indicator may not provide a complete picture. By conducting thorough analysis, seeking expert opinions, and implementing robust risk management strategies, traders can make informed decisions aligning with their investment goals.
BITSTAMP:BTCUSDShort
by bryandowningqln
Bitcoin Analyze🗺️(15-Min)Hi everyone👋. 🌐After the SEC announced the delay in the review of the Bitcoin ETFs yesterday, the market started to fall again; maybe this fall is a prelude to September , which has mostly been a bearish month in these years. 🌊According to the theory of Elliott waves , it seems that Bitcoin is going to complete its corrective waves today. 🌊The structure of the first corrective wave was the Leading Diagonal . 🔔I expect the corrective waves to last at least as far as the 🎯 target 🎯 I have marked on the chart. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Dogecoin and Bitcoin Get Boost from Robinhood. Bitcoin ETFs have 75% chance of approval this year: Bloomberg analysts. Bitcoin Holdings on Crypto Exchanges Dwindle to 2M, Fewest Since January 2018. 🌐➖ Negative News ➖🌐: Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks. SEC delays decisions on bitcoin ETFs from firms including BlackRock and Fidelity. SEC Postpones Verdict on 7 Spot Bitcoin ETF Applications. Bitwise withdraws Bitcoin and Ether Market Cap ETF application. -------------------------------------------------------------------------------- Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
58
"BTC: A Bearish Omen Looms - Could Bitcoin Drop to $20K?"Bitcoin (BTC) has just unveiled a potentially ominous signal - a head and shoulder pattern. This pattern suggests a looming drop in BTC's value, potentially reaching as low as $20,000. What makes this intriguing is that these technical patterns often await a major negative development in the crypto world before they swing into action. Keep a close eye on the market, as exciting yet unpredictable times could be ahead.
Short
by VanRojasCapital
btc/usdt long Amid the buzzing speculation, one burning question dominates the minds of crypto enthusiasts: What trajectory will #Bitcoin embark upon next? 🧐 Our market analysts have honed in on a fascinating development – a chart formation that hints at promising prospects. 🐂 Behold the "Bull Flag" Phenomenon: As we meticulously dissect the #Bitcoin chart, a distinctive pattern emerges – the coveted "bull flag." This pattern, renowned for its potential to spark significant upward movements, carries the exciting possibility of propelling #Bitcoin's value by an impressive 9% surge, setting sights on the coveted price point of $29,700! 🚀
INDEX:BTCUSDLong
by oraclpips
Bitcoin ETF Victory Sets the Stage for a Bullish SurgeIntroduction: Attention all traders and crypto enthusiasts! Brace yourselves for some exhilarating news that could potentially ignite a massive rally in the Bitcoin market. Grayscale, the renowned digital asset management firm, has recently emerged victorious in a groundbreaking court case, paving the way for the first-ever Bitcoin ETF. This monumental development has created an unprecedented opportunity for traders to capitalize on the imminent bullish surge in Bitcoin's value. So, buckle up and get ready to dive headfirst into the world of long BTC with an incredibly tight stop loss! Rejoicing in Grayscale's Victory: The recent court ruling favoring Grayscale's Bitcoin ETF has sent shockwaves throughout the crypto community. This landmark decision signifies a significant shift in the regulatory landscape, allowing institutional investors to pour funds into Bitcoin like never before. With this legal barrier removed, we can expect an influx of capital into the market, driving Bitcoin's value to new heights. Seize the Moment - Long BTC: Now is the time to seize this golden opportunity and make a move that could potentially change your financial future. By long BTC, you position yourself to ride the wave of this anticipated bullish surge. As institutional investors flock to join the Bitcoin bandwagon, the demand for this digital gold will skyrocket, propelling its value to unprecedented levels. Tight Stop Loss - Minimize Risk, Maximize Gains: To ensure you are well-protected against any potential downside risks, it is crucial to implement a tight stop-loss strategy. By setting a predetermined exit point, you can limit your losses while maximizing your potential gains. This approach allows you to confidently navigate the volatile market, knowing that your investment is safeguarded against unexpected downturns. Join the Bitcoin Revolution - Take Action Now: Are you ready to embark on this thrilling journey towards financial prosperity? Don't let this opportunity slip away! Take action now and long BTC to position yourself at the forefront of the Bitcoin revolution. Remember, fortune favors the bold, and with Grayscale's ETF victory, the time to act is now! Conclusion: The recent court ruling favoring Grayscale's Bitcoin ETF victory has set the stage for an exhilarating bullish surge in the Bitcoin market. By long BTC with a tight stop loss, you position yourself to capitalize on this momentous opportunity. Embrace the excitement, seize the moment, and join today's Bitcoin revolution! Don't wait for the train to leave the station without you - take action now and secure your place in the world of crypto success.
BITSTAMP:BTCUSDLong
by bryandowningqln
3
Long idea on $BTCI really like the way the market is moving. I like that the crowd is now very actively going into shorts (as if Ilon mask sold BTC - actually no), we have a good block of 25300-24200 where I will take long positions, fixing 27500-28500 . I watched various chats where they wrote that they were liquidated for large sums ... Funding on various exchanges is even negative. And if we go below the block, I don't have very good news, but for now I'm watching and working on this idea
Long
by MyTechNAz
Bitcoin Volatility Expected in September!Recent market analysis and expert opinions, particularly those of Arthur Hayes (ex-CEO of BitMEX), suggest that BTC may experience significant choppiness around the $25,000 mark. While the cryptocurrency market has always been known for its volatility, the potential fluctuations in Bitcoin's value during this period could be particularly pronounced. As a concerned member of our trading community, I strongly urge you to exercise caution and consider pausing your Bitcoin trading activities during this time. Arthur Hayes, a prominent figure in the crypto industry and the co-founder of BitMEX, has made noteworthy predictions in the past. Given his experience and expertise, paying attention to his latest insights is essential. Hayes believes the market conditions in September may lead to choppy price movements, making it challenging to predict Bitcoin's trajectory accurately. Given this information, I encourage you to reconsider your trading strategies. It may be prudent to halt your Bitcoin trading activities until the market stabilizes temporarily. This pause will allow you to avoid unnecessary risks and potential losses associated with heightened volatility. Remember, the goal of any successful trader is not just to maximize profits but also to manage risks effectively. By temporarily stepping away from Bitcoin trading during this uncertain period, you can protect your investments and ensure a more stable trading experience in the long run. Please take this warning seriously and consider the potential consequences of trading Bitcoin in the upcoming month. Keep a close eye on the market, stay informed, and make informed decisions based on your risk tolerance and investment goals. If you have any questions or concerns, please do not hesitate to comment.
BITSTAMP:BTCUSD
by bryandowningqln