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The similarity between BTC and Gold will shock youWelcome all I checked the GOLD chart after hitting new ATH recently and I found big similarities with BTC both assets formed : 1- Accumulation phase 2- Stoploss hunt phase 3- And finally, GOLD made the uptrend phase and printed new ATH historically BTC has followed GOLD several times before (why not? it's the digital GOLD) if we followed the pattern of GOLD then BTC now should be on its way for achieving new ATH! DO U AGREE? If you enjoyed our style in trading and analysis, support our ideas by likes and comments
Long
by Babenski
25
BTC Bitcoin Technical Analysis and Trade Idea👉🔍We can observe that Bitcoin (BTC) has been in a bullish trend recently and has retraced to a key support level. In the video, we discuss market structure, price action, and the trend. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for educational purposes only and should not be considered financial advice. 📊✅
FOREXCOM:BTCUSDLong
by tradingwithanthony
BITCOIN ( TRADING INSIDE DESCENDING CHANNEL ) (4H)BINANCE:BTCUSDT.P HELLO TRADERS Tendency , the price inside two turning level at 65,475 & 63,714 . TURNING LEVEL (1) : the price of this level at 65,475 , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 63,714 , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 68,149 , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 71,671 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) . SUPPORT LEVEL (1) : this level around 60,758 , for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 56,890 , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : currently price 63,994 , have two scenario , first corrective 65,475 , before dropping to touch a 63,714 , then 60,758, second corrective 63,714 to reach a 65,475 , then breaking this level reach a resistance level (1). TARGET LEVEL : RESISTANCE LEVEL : 68,149, 71,671. SUPPORT LEVEL : 60,758 , 56,890 .
BITSTAMP:BTCUSD
by ArinaKarayi
Ether's BTC-Denominated Price Flirts With 9-Year-Long Trendline Ether's and bitcoin-denominated market price, the ETH/BTC ratio, is flirting with a bullish trendline drawn from 2016 and 2017 lows, offering hope to bulls on the second-largest cryptocurrency by market cap. Since January, the trendline has consistently restricted the pair's downside in a pattern reminiscent of 2019-20. Back then, it served as an accumulation zone, eventually leading to a renewed bull market in the first half of 2021, as shown by a chart sourced from TradingView. A monthly chart of moving average convergence divergence (MACD) histogram, an indicator used to gauge trend strength and changes, favors
BINANCE:BTCUSDShort
by ShumbaFx07
Ether's BTC-Denominated Price Flirts With 9-Year-Long Trendline Ether's and bitcoin-denominated market price, the ETH/BTC ratio, is flirting with a bullish trendline drawn from 2016 and 2017 lows, offering hope to bulls on the second-largest cryptocurrency by market cap. Since January, the trendline has consistently restricted the pair's downside in a pattern reminiscent of 2019-20. Back then, it served as an accumulation zone, eventually leading to a renewed bull market in the first half of 2021, as shown by a chart sourced from TradingView. A monthly chart of moving average convergence divergence (MACD) histogram, an indicator used to gauge trend strength and changes, favors
BINANCE:BTCUSDShort
by ShumbaFx07
Is the Bitcoin Bull Run on Fumes? Bullish Wedge?Bitcoin (BTC), the enigmatic pioneer of cryptocurrencies, has captivated investors with its volatile price swings and potential for massive returns. After a strong incline in recent months, questions are swirling about the sustainability of this bullish trend. One technical analysis pattern catching attention is the bullish wedge, and its potential to signal a reversal. The Bullish Wedge: A Double-Edged Sword The bullish wedge is a chart pattern formed by two converging trendlines, one acting as resistance and the other as support. While it initially suggests a continuation of the uptrend, a breakout from the lower trendline can indicate a potential price decline. Here's why the bullish wedge is a double-edged sword for BTC investors: • Continuation Pattern: If the price breaks above the resistance line with increasing trading volume, it can be interpreted as a confirmation of the bullish trend. This would suggest that buyers are accumulating BTC at higher prices, potentially pushing the price further upwards. • Reversal Pattern: A breakdown below the support line, particularly with significant selling volume, could signal a trend reversal. This would indicate that sellers are overpowering buyers, potentially leading to a price decline. Is This the End of the Bull Run? Whether we're witnessing the tail end of the BTC incline depends on several factors: • Price Action at the Wedge: Closely monitoring the price action at the wedge's apex (the point where the trendlines converge) is crucial. A clean breakout above resistance with strong volume suggests a continuation of the uptrend. Conversely, a forceful breakdown below support with high selling pressure indicates a potential reversal. • Technical Indicators: While the bullish wedge is a valuable tool, it shouldn't be used in isolation. Combining it with other technical indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) can provide a more comprehensive picture. Overbought readings on the RSI or bearish divergences on the MACD could signal a potential reversal despite the wedge pattern. • Fundamental Factors: External factors like regulatory changes, institutional adoption, and broader economic conditions heavily influence the cryptocurrency market. Positive news on these fronts can bolster the bullish momentum, while negative developments can trigger a sell-off. Beyond the Bullish Wedge: Other Considerations Predicting the future of Bitcoin is notoriously difficult. Here are some additional factors to consider: • Market Sentiment: Bullish sentiment can fuel upward price movements, while bearish sentiment can lead to a decline. Gauging investor sentiment through social media analysis or news outlets can provide valuable insights. • On-chain Analysis: Analyzing on-chain data, such as active addresses or exchange inflows/outflows, can reveal investor behavior and potential buying or selling pressure. Navigating the Uncertainty: What Investors Can Do While the bullish wedge presents a potential turning point, it's not a guaranteed indicator. Here's what investors can do: • Employ Risk Management: Always implement stop-loss orders to mitigate potential losses if the price falls below a certain level. • Diversify Your Portfolio: Don't put all your eggs in one basket. Diversify your crypto holdings and consider other asset classes to manage overall portfolio risk. • Stay Informed: Keep yourself updated on the latest developments in the cryptocurrency space, including technical analysis, market sentiment, and regulatory changes. Conclusion The bullish wedge presents an intriguing scenario for Bitcoin's price trajectory. While it raises the possibility of a trend reversal, a confirmation requires a breakdown below support with significant selling pressure. By combining technical analysis with other factors like market sentiment and fundamental analysis, investors can make informed decisions. Remember, the cryptocurrency market remains highly volatile, and a healthy dose of caution is always advisable.
BITSTAMP:BTCUSD
by bryandowningqln
ETF total destruction scenario. Nuclear for $BTC and cryptoAre ETF investors ready for crypto? The recent pullback has seen BlackRock and Fidelity purchasing a lot of CRYPTOCAP:BTC even though they don't really need it. Most of their ETF investors are currently losing money, and the stock market is parabolic. I think we don’t realize how dire the situation is. What we are seeing is the bulls trying to prevent an ETF run from crypto to the stock market! Billions are being spent to avoid a 50% pullback, which would be necessary for CRYPTOCAP:BTC to consolidate. Can ETF investors stomach a -50% drop in their investment while the SPX500 is parabolic? Now, imagine what would happen if CRYPTOCAP:BTC dumped -50% and ETF holders capitulated and sold everything in panic. That would nuke the CRYPTOCAP:BTC ETF, destroy the ETH ETF, and cancel the CRYPTOCAP:SOL ETF. Essentially, the banking industry would conclude that crypto is too volatile to be offered to their customers as ETFs. I think the bulls are aware of the danger and are doing all they can to prevent this from happening. The consequences for crypto would be unimaginable! It would be the biggest dump of CRYPTOCAP:BTC in history and could drive prices to unbelievable lows. So, pray that this correction doesn't go too low—at least not to the point where investors capitulate and abandon crypto to rotate their money into the more secure, mature, and currently more profitable stock market.
INDEX:BTCUSD
by CryptoNikkoid
3
Chart Idea - BTC BULL FLAGBTC has been consolidating in a big bull flag pattern since March of this year. It has touched the resistance 5 times and support 3 times. Currently tested the support yesterday at 300EMA $53K. It can touch GETTEX:52K which is the 618 fib level. However, IMO the correction is almost done and we are on the way up from here. BTC Swing Long Setup Entry: $53K SL: 50.2K TP1: 67K TP2: 72K TP3: 102K Trade should hit all TPs in next 3 months unless SL hit.
Long
by smwajeeh
3