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Where to from here on BTC part 2This is continuation of the Series of posts on Bitcoin, where I will look at where BTC price is headed in coming weeks and months. Link to first part is in the description. What you are looking in the is a Diamond, it's an extremely common pattern that appear repeatedly, at key inflection point, on all time frames, and this is by far the most accurate pattern that I have encountered in terms of measured move it produces on breakout. I find the results to be most accurate when I follow the following two rules when looking at a breakout of price from the diamond. A breakout is considered valid when at least one candle closes outside of the bounds of the diamond, with respect to the timeframe its drawn on. A breakout is only valid if it happens from the 4th Quadrant of the diamond as highlighted in the chart. The targets of this diamond are highlighted in the chart, to the upside it will hit close to 34K, to the downside around 20K. These targets are not the ultimate highs/lows, but usually this is where the next accumulation/distribution ranges are formed before making another move. Now let's look at some other examples of the diamonds that appeared in the past and played out perfectly. These are all on Daily time frame, if you know how to find them and draw them, they appear on all timeframes. The only thing is that you need to know how to draw diamonds accurately and how to anticipate an incoming diamond formation before it even forms. Please let me know in comments if that's something you want me to cover in another post, I will be happy to share.
BYBIT:BTCUSD.P
by zakoraio
The Shanghai High Court recognizes Bitcoin.The Second People's Intermediate Court of Shanghai has officially recognized Bitcoin as a unique digital asset that cannot be replicated, characterized by its scarcity and intrinsic value. On September 25th, the court issued a discussion report on the development of internet technology. The report highlights that, with the advancement of internet technology, digital assets like Bitcoin have become unique and non-replicable. It emphasizes that among a multitude of cryptocurrencies, Bitcoin stands out as distinctive and one-of-a-kind. The document also outlines several distinctive features of Bitcoin, including its scarcity and property as an asset. Furthermore, the court asserts that Bitcoin exhibits characteristics of a currency, such as its ability to scale, ease of transfer, storage capabilities, and use as a means of payment. Bitcoin continues to be utilized globally without central oversight. In 2021, Beijing imposed a comprehensive ban on cryptocurrencies, including mining activities. However, recent court rulings have recognized Bitcoin, along with numerous other digital assets, as legitimate assets protected by the law.
BINANCE:BTCUSD
by Human_Fenrir
9
Next BTC ATH , What and WhenThe chart posted is very simple to understand. Bascially I have manually fitted a curve around the cycle highs and lows of bitcoin on a logarithmic scale and have measured the time it took for btc to tap the top curve once it has tapped the bottom curve, and it comes around 850 days approx. This measure estimates the next BTC high to be approx 112000 USD around mid of 2025. This curve also indicates the bottom is in for bitcoin at 15000 USD for this cycle , it can only be violated , in case of a black swan event like it did in march 2020.
BITSTAMP:BTCUSD
by zakoraio
Bollinger Band Battle for BTC Confuses on Future Price DirectionI wanted to draw your attention to an intriguing phenomenon in the world of cryptocurrency trading that has been causing some confusion among investors. Specifically, the ongoing battle of Bollinger Bands for Bitcoin (BTC) has left many uncertain about the future price direction. For those unfamiliar with Bollinger Bands, they are a technical analysis tool that provides insights into market volatility and potential price breakouts. Typically, when the upper and lower bands tighten, it indicates a period of consolidation, suggesting that a significant price movement may be on the horizon. However, in the case of BTC, the Bollinger Bands have been sending mixed signals, making it challenging to predict the cryptocurrency's next move. While some analysts argue that the tightening Bollinger Bands suggest an imminent breakout, others believe that the current market conditions call for caution. This disparity in opinions has resulted in a state of uncertainty among traders, as they grapple with the decision of whether to buy, sell, or hold their BTC positions. In light of this confusion, we would like to encourage you to consider pausing your BTC trading activities temporarily. By taking a step back and observing the market dynamics from a neutral standpoint, you can avoid making hasty decisions based on conflicting signals. Instead, it may be prudent to closely monitor the situation and wait for a clearer indication of BTC's future price direction. As we navigate the ever-evolving landscape of cryptocurrency trading, it is essential to remember that patience and a well-informed approach are key. By staying informed about the latest market developments and seeking insights from reliable sources, you can make more informed decisions that align with your investment goals. In conclusion, the ongoing Bollinger Band battle for BTC has left investors perplexed about its future price direction. We recommend exercising caution and pausing BTC trading temporarily to gain a better understanding of the market's next move. As always, staying informed and seeking professional advice are crucial components of successful investing. Should you have any questions or require further assistance, please do not hesitate to comment away. We are here to support you in navigating the cryptocurrency landscape. I wish you continued success in your investment endeavors.
by bryandowningqln
Celebrating BTC's Breakthrough and Fed's Rate Pause Extension! I bring you exhilarating news that will surely put a smile on your face - Bitcoin (BTC) has defied all odds and broken through the FWB:27K mark! What an incredible milestone for the world's leading cryptocurrency! But that's not all! In a further stroke of luck, the Federal Reserve has announced an extension of its rate pause. This exciting combination of events has created a perfect storm of opportunity for those who are ready to seize the moment and long BTC. The recent "death cross" formation has sparked some concerns among traders, but BTC has proven yet again that it is a force to be reckoned with. This remarkable breakthrough not only showcases the resilience of Bitcoin but also reinforces the growing confidence in its potential as a long-term investment. Now, let's talk about the call-to-action that I'm excited to share with you. With BTC's recent surge and the Fed's rate pause extension, it's an ideal time to consider long positions in Bitcoin. By taking advantage of this favorable market sentiment, you can potentially maximize your profits and ride the wave of BTC's upward trajectory. Here are a few reasons why you should seriously consider going long on BTC: 1. Strong Momentum: BTC's breakthrough demonstrates its ability to defy market expectations and maintain a strong upward momentum. This positive sentiment is likely to attract more investors, further fueling its growth. 2. Institutional Adoption: The increasing acceptance of Bitcoin by major institutions has been a game-changer. As more institutional players enter the market, it adds credibility and stability to BTC's value, making it an attractive long-term investment. 3. Market Volatility: While volatility can be unnerving, it also presents lucrative opportunities for traders. BTC's recent surge is a testament to its ability to weather market fluctuations and provide substantial returns for those who are willing to take calculated risks. So, my fellow traders, let's embrace this momentous occasion with enthusiasm and a positive outlook. Consider taking a long position in BTC to capitalize on its upward momentum and potentially reap substantial rewards. As always, please exercise caution and conduct thorough research before making any trading decisions. The cryptocurrency market can be volatile, but with careful analysis and a well-informed strategy, you can navigate these waters successfully. If you have any questions or need assistance with your trading endeavors, please don't hesitate to comment below. Wishing you continued success and profitable trades!
BITSTAMP:BTCUSDLong
by bryandowningqln
Bitcoin's 5% Spike: An Early Rally or Cause for Caution?I wanted to bring your attention to the recent spike in Bitcoin's value, which has surged by an impressive 5% in a relatively short period. While such a surge may initially seem like an early rally, I urge you to exercise caution and consider pausing your Bitcoin trading activities for a moment to evaluate the situation. Bitcoin, as we all know, has been subject to significant volatility in the past, making it both an exciting and risky investment. This recent spike, while enticing, could potentially be a sign of a larger market trend or a temporary fluctuation. It is crucial to take a step back and assess the situation before making any impulsive trading decisions. Here are a few factors to consider before deciding your next move: 1. Market Sentiment: Analyze the overall market sentiment and observe if this spike aligns with any significant news, events, or market indicators. Understanding the context behind the surge can provide valuable insights into its sustainability. 2. Volume and Liquidity: Evaluate the trading volume and liquidity associated with this spike. A sudden increase in trading activity may indicate a short-term surge driven by a limited number of participants, potentially resulting in a subsequent correction. 3. Technical Analysis: Employ technical analysis tools to identify any patterns, support levels, or resistance points that might help you gain a better understanding of the market dynamics. This analysis can assist in determining whether the spike is part of a larger upward trend or merely a temporary anomaly. 4. Risk Management: Always prioritize risk management strategies, such as setting stop-loss orders or diversifying your portfolio. These measures can help mitigate potential losses and protect your capital, especially during times of increased volatility. Considering the points, I encourage you to take a moment to pause your Bitcoin trading activities and reassess your strategy. It is crucial to approach such significant market movements with a level-headed mindset and not succumb to impulsive decision-making. Please remember that trading cryptocurrencies involves inherent risks, and it is essential to stay informed and make well-informed decisions based on thorough analysis.
BITSTAMP:BTCUSD
by bryandowningqln
2
BTC Death Cross Looms as Volatility Resurfaces in SeptemberAs we approach mid-September, it is with a heavy heart that I bring forth news of the looming BTC death cross and an anticipated increase in volatility. The crypto world has been a rollercoaster ride lately, and it seems we are not yet out of the woods. The dreaded death cross, where the 50-day moving average crosses below the 200-day moving average, is inching closer. Historically, this technical indicator has often been associated with prolonged bearish trends, casting a shadow of uncertainty over the market. Furthermore, September has historically been a month of heightened volatility in the cryptocurrency space. As we brace ourselves for another turbulent period, it's important to consider diversifying our trading portfolios beyond Bitcoin. While it pains me to suggest this, exploring other asset classes could provide a much-needed respite from the seemingly endless cycle of ups and downs. There are numerous alternative asset classes worth exploring, such as traditional stocks, commodities, or even forex. These markets, although not immune to volatility themselves, often exhibit different patterns and trends that may present unique trading opportunities. By diversifying our investments, we can potentially mitigate risks and find solace in other avenues during these uncertain times. Let us not forget the importance of risk management during periods of instability. As traders, it is our responsibility to protect our capital and make informed decisions. While Bitcoin continues to captivate us with its potential, it is crucial to acknowledge that there are other opportunities that deserve our attention. In closing, I implore you to reflect on the current state of the market and consider exploring other asset classes to trade. The road ahead may be challenging, but with careful analysis and diversification, we can navigate these turbulent times together.
BITSTAMP:BTCUSDShort
by bryandowningqln
3