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BTC overview and ask for your altcoins BTC / USDT BTC succeeds to breakout the resistance of 32k (monthly resistance) yesterday first time since may 2022! We can see also a successful breakout retest what does that mean ? – The 30k to 32k level should act now as support /buy area until broken for the next pump toward 40k region ! – NOTE : The price has filled the CME GAP at 35k There is another major CME gap around 21k and in order to fill this one we need a big big FUD ,but for now we cant talk about this scenario as long as we closing weekly above 30k Summary: My current bias now is bullish as long as we close weekly above 30k Don’t forget to show your support by like(rocket) and comment⬇️ Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can
by Babenski
108
BITCOIN: IN HOURLY TIMEFRAME. BTC Update: The daily close on BTC was below $30k which created a doubtful situation to re-analyze the chart. This time, let us analyze the BTC chart in an hourly timeframe to get a short-term view. In this chart, we can clearly notice that BTC is following the rising wedge pattern. If BTC has to drop then we can expect it to reach the pocket support (shown in the chart). In a worst-case scenario, BTC breaking down below the pocket support will surely invalidate the chart and the price might reach as close as $28.7k. Bounce back levels: $29.5k / $28.7k. P.S. ~ A move toward $32k to BER:33K is still valid. What's your take on this? Let me know on the comments. Thank you for reading and trade safely. Regards, Team Dexter.
BINANCE:BTCUSD
by Dexter_The_Trader
Bitcoin is trying to climb⚫️ We should always look for reversal patterns at the bottom and ceiling of ascending or descending trends. Here, Bitcoin failed to form a lower bottom, on the other hand, there is a possibility of forming a twin bottom pattern. 🔴 It is too early to comment on this pattern, but the possibility of a one percent growth for Bitcoin is not far from expected, and after that we have to wait for the stabilization of the failure at the price of 27,000. has it .
by karaco2022
On a platform...flying or falling??As you can see, an important break has been made, so there is a possibility of a pullback for a further drop. It is possible that Polback to 🔵 An important area that 🔴 is a static resistance and also to the 4 hour channel floor and also to Have an hourly channel midline And the two moves ahead 🔵 growth up to 5% Drop up to 5% May happen..... But which one is stronger? There is definitely a stronger chance of falling, but let's not forget that Today we have important news We are still moving and the possibility of accumulation of losses They may cause growth. Therefore, it is better to watch than to see the reaction
by karaco2022
Bitcoin and the possibility of falling more to a conditionToday's news is very important, this news can cause more growth of Bitcoin, so if the news is positive, this analysis will be invalidated. But according to the technical analysis, there is a possibility of more return and fall for Bitcoin. This return may happen in the 4-hour time frame, but there is still hope for a return in the daily time frame because the downtrend has broken and the 200-day moving has not been established yet. In general, if we want to ignore the news, we can have more possibility of fall for Bitcoin
Short
by karaco2022
2
Will this bird learn to fly?Yesterday's analysis remains valid. In today's analysis, which you can see in the hourly time, the possibility of growth is stronger. On the other hand, three support ranges have been identified, the most important of which is 27,200. Let's not forget that in an upward trend we are not always with the upward trend. Therefore, the possibility of the price falling to the bottom of the ascending channel is not far from expected. This means we should place the stop loss below the channel at a static support. Because the pollback has not been completed in the daily time. If you want to introduce your currencies so that I can analyze them for you, I will be happy to share my opinion about your currencies and exchange ideas. Also, I will be happy if you follow me and I will get energy to continue.
by karaco2022
Bitcoin and a hard decision...Is this a growth and failure fic? Has Bitcoin entered an uptrend? So far, the analysis that we presented 11 days ago has been implemented exactly. But the failure of this downward trend has not yet been established, so there is still a possibility of falling. The stabilization of this failure should happen after the green range, so it is better not to rush. If this green range is broken, there is a possibility of a sharp growth for Bitcoin up to 29,000 and also 30,000.
by karaco2022
Falling again..??Bitcoin is close to its ceiling in the daily time, there is still a possibility of a 3-5% growth for Bitcoin, but in the 4 hours time, we have a corner pattern that coincides with the ceiling of the channel in the daily time. Of course, there are still no signs of falling, but according to the aforementioned analysis, the possibility of falling for Bitcoin is not far from expected We have to wait to see how Bitcoin reacts to the support area with the yellow box
by karaco2022
Bitcoin (BTC) technical and fundamental analysisAfter an unsuccessful attempt to break trend line and the resistance block 27500, the price of Bitcoin began to drop, following the stock market. This happened on the wave of negativity from the speech of Fed Chair Jerome Powell. Thus, the BTC price broke through the lower boundary of the parallel price channel and the dynamic support line EMA50 4H. In case of consolidation below it, we expect a return to the level of the value zone control point (POC). An extended bullish divergence has formed on the daily logarithmic chart. This strengthens the scenario with a retest of the crossover of the 200-day and 200-week moving averages before further drop. But, to return to the local upward trend, the price needs to breakdown the resistance level of 27500 and consolidate above the downward trend line. More generally, the price of BTC made breakdown of a bearish wedge pattern, and we still haven't had a normal correction of all the gains since the beginning of this year. The targets of this correction can be 0.5-0.78 Fibonacci levels. There is a zone of Imbalance 1W with huge gaps at the horizontal levels of trading volumes that need to be filled. The next areas of interest for buyers are the range of 22000-23000 and the most important psychological level 20000. At these zones we will search pivot points formations to open long positions. The fear and greed index continues to be in the fear zone - 30. The total capitalization of the cryptocurrency market fell to $1017 billion, and the Bitcoin dominance index rose to 50.0. According to the analysis of the accumulation of large order blocks in exchanges order books, the supply and demand zones are located at the following levels: 🟢 Demand zone: 20000 - 25000 🔴 Supply zone: 30000 - 32000 📊 Fundamental analysis Bitcoin (BTC) balances on leading cryptocurrency exchanges such as Coinbase, Binance and Kraken are near a six-year low. At first glance, a decrease in bitcoins held on exchanges is a bullish signal and indicates a strengthening market and expectations of rising prices. However, given the current regulatory landscape, traders and investors may opt for decentralized storage amid growing uncertainty. Cryptocurrency exchange Binance was the main reason for the industry's 48% drop in trading volumes in September. According to analysts, the seven-day average bitcoin (BTC) spot trading volume on the platform has fallen 57% since the beginning of the month. The US Federal Reserve, as expected, left the interest rate at the same level: 5.50%. For the Fed, the goal of reducing inflation remains the same - 2%; it is inclined to maintain the current monetary policy. Another rate increase is possible if necessary. Expectations for a Fed rate cut have been pushed back from the 2nd quarter all the way to the 4th quarter of 2024. This regulatory policy puts pressure on the stock market, followed by the cryptocurrency market. 🌐 Upcoming macroeconomic events We expect increased volatility in the stock and cryptocurrency markets by the following dates: ➤ 28.09 15:30 - US GDP (QoQ) (Q2). ➤ 03.10 17:00 - US JOLTs Job Openings (Aug). ➤ 01.10 21:00 - Fed Interest Rate Decision.
by TradeINEX
2
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
Examining the two positions of Bitcoin. The probability of falliBitcoin broke its resistance, but it has not been stabilized yet, and there is still a possibility of price reversal, because the negative divergence is visible in this digital currency, so entry is risky for long. Considering that we still don't have stabilization of the drop, entering the short position is also risky. In both cases, we checked the entry to this currency. And we know more probability with falling. We don't talk randomly and also we don't say buts and ifs. Because an analyst must give his final opinion and admit his mistakes And we all know that no one is always right. Follow us friends
Short
by karaco2022