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BITCOIN - Detailed important scenario of the last crashOctober 2024 will be the lowest price achieved by Bitcoin in the next 6 months, The this correction is the latest correction, The inflation data that was released recently came in at 2.4, higher than expectations, which were 2.3, but lower than the previous reading. Summary Inflation is falling, but at a slower pace than expected I mean, neither strongly negative nor strongly positive, remember Every correction is a new opportunity I expect this correnction will continue to the area between 57k - 53k (0.236 fib - 0.382 fib) as shown in chart. This will not happen directly because before this decline, Bitcoin will rise again to test the 0.618 level 61k shown in the chart, and I will be attacked because positivity will prevail in the atmosphere , but this will be a trap. When this happens, most currencies will fall at least 20% from this point Because throughout the history of Bitcoin, the month of October has always been a month of strong rise for Bitcoin and currencies.. Many have high hopes and wait for profits. The US elections are approaching too, and Trump's victory will make all markets rebound then btc will be negative in october positive in November! To break the myth of uptober Best regards Ceciliones🎯
by ceciliones
13
BTC Price Set for Potential Bounce at Lower Bollinger BandBTCUSDT Technical analysis update Whenever the price touches the lower Bollinger Band, it has historically bounced back. Currently, the price is approaching the lower Bollinger Band at the 59K-60K level (indicated by the yellow circle), suggesting a potential bounce from that area. If historical patterns hold, we can anticipate a short-term bullish reversal, with the price aiming for the upper Bollinger Band in the upcoming sessions. Regards hexa
CRYPTO:BTCUSDLong
by HexaTrades
Bitcoin Weekly MACD Cross: Bullish Momentum BuildingBTCUSDT technical analysis update. In the weekly Bitcoin chart above, we can see that the price has been consolidating after a strong bullish rally. The key point to note here is the potential MACD crossover, which could signify a shift in momentum. The blue MACD line is approaching the red signal line from below, indicating that a bullish crossover might be imminent. This could suggest that the bearish phase is weakening and that Bitcoin is preparing for an upward move. The histogram has been decreasing in negative territory, which typically points to diminishing bearish momentum. A shift to positive values could confirm a trend reversal. The price is currently trading near key resistance levels, and if the MACD crossover happens, we could expect Bitcoin to break through these resistance zones, possibly leading to a significant upward move. Wee should closely monitor the MACD for confirmation of the crossover on the weekly chart, as this signal has historically been a strong indicator for trend reversals in Bitcoin. If the crossover happens, it could lead to a sustained bullish move. Regards Hexa
CRYPTO:BTCUSDLong
by HexaTrades
BTC next move BTC gave a choch and bos conformation of small uptrend market came without taking a supply from trend change area and there we can see FVG so trend have to collect that FVG for continue sell trend or break there structure for uptrend 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
BITSTAMP:BTCUSDLong
by TRADING_MASTER_DAVIS
Bitcoin 70,000! Can Milton Stand in the Way?Bitcoin: 70,000 or 40,000? Bitcoin is at a critical juncture, with the price poised to either break through to new highs at 70,000 or drop to as low as 40,000. Bulls are eyeing a breakout above key resistance levels, which could lead to a sharp move upward. However, bearish forces, including macroeconomic factors and potential market sell-offs, may push the price down toward critical support. The next move will likely be driven by major events, market sentiment, and global factors. Will Bitcoin soar or correct sharply? Stay tuned for the next big move!
Long
by BuySellStyle_engl
Bitcoin 1W chart and you will find answer for all your questionsCRYPTOCAP:BTC 1W chart; I said we would update the #Bitcoin chart if something important happens, but I want to show you the situation from a wider time frame. What do you see when you look at it like this, please comment. Please write your own thoughts in the comments section, independent of mine or anyone else's. From this level, do you think #Btc will say, 1 minute brother, I don't want to go down, this channel can't hold me and go up? The level I indicated as OB below is also the IMB zone. 2 birds with 1 stone are waiting for retest at $46k. That level is also the base of the channel and the support/contact level of the much older uptrend line (green). I have been sharing what I see when I put all the puzzle pieces side by side for a long time. I am curious about your thoughts as well. By the way, if those who think like me can also like and share, it would be a great support and this chart will reach many more people. ✨
Short
by ugurtash
2
Bitcoin Analysis - The big pictureLooking at the BTC 4H here. We see that the price is currently hitting the H4 Key Level and safety zone and rejecting from there strongly. Based on the price action, I feel we're on the move down with the strong rejection. The price is likely to test the trendline, and bounce back, try a retest of the key level. Depending on whether the price is able to break the retest or not, we will see a new move to the either side. There are some good scalping opportunities during this move that one can take using the smaller time frames till we see a clear direction from BTC. Currently, I'm waiting on a confirmation pattern or a price action to confirm the move to the downside. All we see right now is a rejection from the key levels. It is also possible that BTC will retry to break the zone again which is why a confirmation pattern is really important to take a trade. Just a simple analysis. I'll be doing a deeper one later when I have some time. Hope this helps and happy trading!
by MoneyChartz
BTC Bullish Above $65.5K, Bearish Below $60K | Weekly to 4-HourHey everyone, it’s Mindbloome Trader here! Let’s dive into Bitcoin’s charts, from the weekly to the 4-hour timeframe. If BTC breaks above $65,570, we’re in for a bullish run. But if we dip below $60K, things could turn bearish fast. Keep these levels on your radar and, as always, trade what you see. Let’s get it! Key Levels: Bullish above $65,570 (Target higher moves) Bearish below $60,000 (Watch for downside pressure) Mindbloome Trader Trade what you see
MARKETSCOM:BITCOIN
by Mindbloome-Trading
BTCUSD Reverses from Major Resistance, Downtrend ExpectedBTCUSD has been trading in a well-established downtrend channel over the past few weeks. Recently, it hit a major resistance level and is now showing signs of a reversal to the downside. Key Resistance Break: The price action indicates that BTCUSD is failing to break through the resistance level, signaling a potential continuation of the downtrend in the upcoming sessions. Potential Target: Looking ahead to next week, we anticipate that BTCUSD may resume its downward trajectory and could potentially touch the 55,000 mark if the bearish momentum continues. RSI Momentum Shift: Multiple RSI lines have shifted downward, confirming the weakening momentum and supporting the likelihood of further downside movement. Conclusion: Traders should watch for confirmation of the downtrend as BTCUSD moves further from resistance. The technical indicators, particularly RSI, suggest that the market remains bearish in the near term. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should conduct your own research or consult with a licensed financial advisor before making any investment decisions.
BITSTAMP:BTCUSDShort
by Sudhir-Sirohi
BTC UPDATE 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
BITSTAMP:BTCUSDLong
by TRADING_MASTER_DAVIS
(BTC) October predictions - BEAR & BULLHello Tradingview community! As always: If these patterns I'm showcasing doesn't work as predicted.. then please don't come crying to me (ty) -> NFA DYOR Alright.. the chart explains itself as you can see We got 2 scenarios/targets for October: Bull targets-> 66k-70k Bear targets-> 52k-46k I do find it more likely to go up than down.. Why? Well Q4 in a bull market is usually heavy green and especially towards a presidential election Anyway, Keep in mind this is only an idea/prediction that could easily be wrong in many ways. I will update this post in the future! BOOST if you like it and follow for more NFA DYOR <<<<-----
by RandomTAdude
1
Whipsaw coming as bitcoin consolidates the 50-60k levelForecasting a pullback to 50k, as i expect the out of the ordinary volume on 08/05/24- 15min, hourly, 4hr, & daily, to gravitate price back towards it; high volume candles are very likely to get backfilled due to orderbook instability- see yellow fib lines for source and measurement. This is not bearish. This is important for bitcoin to conquer this level as she gears to move higher. There are many things i cant fully articulate in my charts so if you have any questions let me know. James
Short
by creengrack
15
#BITCOIN is fine, Don't panic!Bitcoin continues to trade within a descending channel, with the current weekly candle showing a 7.17% drop, rejecting near the $65,000 resistance level. The price has entered a Weekly Fair Value Gap (FVG) between $60,000 and $62,500, where we might see some buying support. (FVG sare levels of liquidity gaps which the MMs eventually take before continuing the uptrend) Explained more in my previous BTC/USDT Chart However, a break below the invalidation level at $57,466.09 could lead to further downside towards the channel support. Bulls need to HOLD the FVG to initiate a bullish breakout. Invalidation Level: An invalidation point is marked around $57,466.09. If the price breaks below this level, the bullish scenario becomes invalid, and further downside action is likely to follow. There's also 200 MA support around the $59.8k level. This is an important level to keep an eye on! I think we will see a relief soon! NOTE:- Stop panicking! When the market pumps, everyone wants a dip, but when the dip comes, fear takes over. This is often a sign you're taking on more risk than you can afford. Stay calm and focus on Altcoins, which often bounce hard after corrections. While Crypto Twitter was expecting a green October, the market makers threw in a surprise to start the month. Expect a few days of downtrend and consolidation, followed by daily green candles. That’s my view, not financial advice! Let me know your thoughts in the comment section and do hit the like button sp it reaches more souls who need to read this! Thank you #PEACE
BINANCE:BTCUSDLong
by Cryptorphic
9
Corrective Phase and RegainOur current outlook for Bitcoin suggests that, over the coming days, the asset may experience a short-term correction down to the key support level of $59,500. This level has previously acted as a significant zone of buying interest, and we anticipate it could serve as a strong foundation for Bitcoin to establish new upward momentum. Such a correction would allow for consolidation, enabling market participants to accumulate at a lower price point, which often leads to a healthier and more sustained uptrend. Following this corrective phase, we expect Bitcoin to regain bullish momentum and start a new upward move. The initial targets for this movement are projected in the range of $64,000 to $66,000.
by MonoCoinSignal