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Bitcoin #BTC 2024 HTF PlanI've been bullish the whole of 2023 on BTC and overall Crypto. Right now, I feel pretty uncomfortable posting an HTF #BTC chart exactly before the ETF decision. Depending on how the market reacts this week, this plan may change completely though, "Show me the chart and I'll tell you the news". This saying is deeply engraved in my trading For the sake of the analysis, I will forget that there is major news incoming for Bitcoin and I'll analyze only the chart. This is not entirely correct though because the overall context always matters. CRYPTOCAP:BTC looks solid right here and my bullish bias hasn't changed, yet. I think another push higher is due. At least I am expecting $48,000 near term as I've specified multiple times on my X profile. This will be a sweep of the March 22 High which led to the major sell-off that marked the bottom later on in Nov. If after sweeping the high, the price loses the trend and starts breaking down, the only place where I'll be looking to start building HTF positions will be at the ~30,000 zone. There I'll be buying the 28/29,000 wicks. LTF Bullish shift of structure will be a $32,000 reclaim, where I'll be looking to add to my position from lower. The perfect scenario will be another push towards 38000 where the price needs to reclaim ~38,000, this will signal that the bulls are in full control of the trend and we may indeed see fresh highs. Can't say what can happen next, though if the price start reclaiming 48,000 and holding the trend, I think new all-time highs are in the cards
COINBASE:BTCUSDLong
by SolidTradesz
Bitcoin Halving's Impact AnalysisBitcoin Halving Cycles Performance (Pre/Post 1 year performance) Halving's Pre/Post year Performance: 1. 26th Nov 2012 - Pre 416% / Post 7715% 2. 9th July 2016 - Pre 110% / Post 283% (The full move including after the 24 month period was c.955%) 3. 11th May 2020 - Pre 76% / Post 423% 4. 27th April 2024 - Pre 50% / Post 200% Pre Summary (from H2) - 110% - 76% - 50% prediction (reducing by c.25% each halving). Post Summary (from H2) - 955% - 423% - 200% prediction (reduces by c. 50% each halving) You can see the pattern in the reduced returns in each halving. The pre halving returns typically reduce by 25% a halving and the post halving returns reduce by 100% per halving. We ignore the first having as it was exponential introductory growth of the asset. Important Dates are 27th April 2024 (halving date). Good place to skim or wait for a pullback). Also the date of 25th April 2025. This is a softer date, a take profit early date potentially, most cycles have ended in Q4 of the given year thus some chips should be left on the table post April 2025 depending on the continued performance up to that point. Always a pleasure, I hope its been insightful Puka
INDEX:BTCUSDLong
by PukaCharts
6
BitcoinMost Altcoins have been in the red since the weekend and the past 24 hours have been no different. Ethereum is currently down 2% and below $2,200. Binance Coin (-1.5%) has dropped below $240. Even larger daily drops come from Ripple, Dogecoin, Polkadot, and Polygon. Solana has lost 5% on the day and is down to just under $70. Cardano and Avalanche have dropped the most compared to larger-cap Altcoins. ADA is down 6%, while AVAX is down 9% and trading below $40. The cumulative market capitalization of all crypto assets has fallen by $50 billion since yesterday's peak of $1.6 trillion and dropped to $1,550 on CMC.
INDEX:BTCUSDShort
by D-Venn
3
Bitcoin BTC price moves according to fractal from the past v.2As we wrote in our previous idea, the Bitcoin price has been in a critical zone in recent days. Tonight, sellers decided to step up and activated the red fractal from this idea: At this idea depicted another fractal that was already on the BTCUSDT price chart. The logic of this fractal, and therefore the behavior of buyers/sellers, is similar to the fractal from the previous idea. However, there are slightly deeper drops here, but they have a chance to cover most of the CME GAPs that were formed during the current growth wave. 1. GAP $39310 - 40480, touched, but not yet completely filled. 2. Gap $34100 - 34400, not filled 3. GAP $27000 - 27300, not filled Now you need to closely monitor the indicators of USDT.D and BTC.D, because now there is a redistribution of capital: part of it goes to usdt, and the other part hastily goes to the "selected" altcoins that did not have time to reach the desired target at this bull run. Therefore, the next 1-3 days will be quite volatile, and we recommend that you refrain from trading with leverage. Two events will also "add fuel to the fire" of position breakouts: - 12.12.2023 - the announcement of the latest CPI - 12/13/2023 - the announcement of a new FED rate, the last in 2023, and the speech of Mr. Powell's speech on the outlook for the economy and financial markets in 2024 If you are interested in reading our thoughts and experience, please be active: like and comment on the idea. And we, in turn, will update this idea as events unfold.
by P_S_trade
19