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BTC updateThe current monthly candle appears neutral. It is likely to test the 0.618 and 0.5 Fibonacci retracement levels of that candle, which are around the 55k mark. Following this, we could see a range forming, with the range high around 60k. Despite the monthly close, there is still no clear trend on the higher time frame. We can expect more choppiness and sideways movement. I am working on identifying dates when the market sentiment might turn positive and will share them once I have more clarity. Looking at Line chart we should bottom between 0.236-0.382. Max drawdown is 54k
by GoldenTrades_
BTC Update in a Daily TimeframeIn the daily timeframe, BTC appears bearish. It failed to reach the resistance trendline and was rejected after hitting $65k. The price in the hourly timeframe shows some support, but without sufficient inflow, this support may not hold. In this chart, BTC is caught between support and resistance, and given the current market scenario, the price is leaning more toward the bearish side. The support trendline around $52.5k will be crucial if BTC drops further. Be cautious and do thorough research before investing. If you're using leverage, make sure to set a stop loss. Trade safely. Regards, Team Dexter.
by Dexter_The_Trader
Bitcion FIB Retracement LevelsMy dear friend and fellow trader, I am writing to you today with great joy and pleasure. We are currently looking at what can only be described as the most interesting, intriguing, and surprising technology of our time. This is the chart for Bitcoin. 1) Since March, BTC has been experience lower highs, as well as lower lows. 2) Since March, the highest volume in a single session has resulted in major selling. 3) Since March, there has been strong selling pressure each time Bitcoin tried to move up, and 70K became a major barrier in late July while 65K ended as the latest lower high.
Long
by Forexcryptowithjohn
BTC, Let's keep it simple shall weAh, the crypto jungle, where even the bears like to dance! 🕺 So, here we are, staring at a mature bear flag on the daily chart like it's that ex you thought you were over, but they just keep showing up. And if this bad boy breaks down decisively, we're careening straight into the “Oh No Zone” with a potential target between 45k and 48.8k. And what's this? A Death Cross? Sounds like a rejected name for a 90s metal band, but here it is, grimly reminding us that sentiment is shifting faster than a squirrel on a sugar rush. 🐿️ Now, while retail investors are nowhere to be seen (probably hiding under their beds), the whales are out there doing what they do best—hoarding like it’s Black Friday at a crypto sale. 🐳 And of course, rate cuts are looming like your landlord when rent's due, which in crypto-speak means bearish first, bullish later. It's like being told your rollercoaster ride is delayed but, hey, there's a free ice cream at the end! 🎢🍦 Meanwhile, Gold is out there flexing at an all-time high, giving Bitcoin the cold shoulder like it's a high school crush that just found a new date to the prom. And Bitcoin dominance? Still strutting its stuff, leaving altcoins to suffer in silence. Over in the ETH/BTC corner, things are looking as bearish as my last attempt at a diet—good intentions, but no follow-through. Good News? Who Cares!: Good news hits the market and... nothing happens. At this point, it’s like shouting into the void: “BTC ETF occurred! ETH ETF occurred! Halving occurred!” And the market’s like, “Meh.” 🇺🇸 All eyes are on the US Presidency coming up in 2 months. Until then, it's like waiting for your blind date to arrive—highly uncertain and probably not going to end well. Yet, here I am, my degenerate self, telling you this might just be the perfect recipe for a great bull market! 🍲 But let's be real—experience tell me that caution is advised. That's it, that's the idea - Good night
BNC:BLXShort
by hhMaxima38
1
Is my analysis correct about bitcoin- Fx Dollars - {31/08/2024}Educational Analysis says Btcusd Bitcoin may move in this range for some time according to my technical. Broker - Bitstamp This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because the 1-week time frame is bullish and breaks the previous higher time frame highs. Let's see what this pair brings to the table for us in the future. Please check the comment section to see how this trade turned out. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BITSTAMP:BTCUSDShort
by VishalBudhrani
#Bitcoin to US Narrow Money Supply (M1) ratio 1W chart;#Bitcoin to US Narrow Money Supply (M1) ratio 1W chart; I suggest you read it to the end. This type of chart is used to understand how much Bitcoin has gained or lost in value relative to the Narrow Money Supply in the US. In the chart, the total market capitalization of Bitcoin is plotted against the US Narrow Money Supply (M1). M1 includes money in circulation (cash) and demand deposits at banks. This type of ratio can help to understand how valuable Bitcoin is in the macroeconomic environment. In a nutshell; If the chart is rising : Bitcoin is rising. If the chart is falling : The US money supply is increasing. If the US money supply increases and Bitcoin's market capitalization remains the same, then the chart will fall again. It means that Bitcoin is losing value against the US dollar. In short, we need to look more carefully at what is causing the decline. When does the US Narrow Money Supply (M1) appreciate? - Raising interest rates - Economic empowerment - Liquidity reduction The first 2 points above are not hard to guess, but let's elaborate on point 3; The FED may implement monetary tightening policies to reduce the amount of dollars in the market. In this case, the money supply may contract and the value of the dollar may rise. This is called illiquidity. To summarize; An appreciation of the US money supply often puts pressure on risky assets such as Bitcoin and can depress their prices. There are also important historical notes above the chart The white trend line is important . Because every time it comes here, we see that it experiences strong price movements with important news. Therefore, it may be necessary to follow the agenda closely when it comes to this trend line again.
CRYPTOCAP:BTC
by ugurtash
BTC to hit 56k soonIn this video, I dive deep into liquidity zones and explain why they are crucial for our trading strategy. I'll also review what has happened in the markets since my last video and analyze the key developments. We’ll explore what to expect next, looking at potential scenarios that could unfold. Finally, I’ll highlight some potential targets to keep an eye on in the coming days or weeks. Make sure you don’t miss out on any important insights—subscribe to the channel for more analyses!
by SerenityEquity
Bitcoin CME Futures Long Position on 1H Timeframe This trade is based on the 1-hour chart of Bitcoin CME Futures, where the price has retraced to the 0.7 Fibonacci level, signaling a potential upward move. We are looking for a bullish continuation to push the trend through the Sunday open, aiming for a higher target as the market gains momentum. Key Levels: • Entry: The trade is initiated near the 0.7 Fibonacci retracement level, where a strong support zone is identified. • Target: The target is set at the upper green zone, which aligns with the expected upward movement through the Sunday open. • Stop-Loss: A stop-loss is placed below the recent low (indicated by the lower red zone) to limit potential downside risk if the market moves against the position. Rationale: The 0.7 Fib level often serves as a critical support point, and the current market conditions suggest a possible upward movement. With the price consolidating at this level, we are positioned to capitalize on a bullish breakout toward the Sunday open. Risk Management: By setting a stop-loss below the recent low and adjusting the position size accordingly, we maintain a favorable risk-to-reward ratio. Traders should consider adjusting this setup based on their individual conditions, such as position size, broker, and other external factors. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CME:BTC1!Long
by AR33_
5
BTC: Preparing for a 12% Rally!Hello traders, I hope you all are doing well. In our previous BTC update, we mentioned the rejection of BTC due to the RSI losing momentum. The price dropped 11% and currently holds at an important support range between $57.7k and $58.3k. With the current price at $59.1k and the RSI gaining bullish momentum, BTC is expected to rally 10%-12%. However, if BTC closes below the blue support box, it will invalidate the rally and likely experience a further drop. Entry: $57.7k to CMP. Stop loss: $57.2k. Leverage: 10x-20x. Target: 10%-12%. Make sure you do your own research and analysis before investing. Trade safely. Regards, Team Dexter.
Long
by Dexter_The_Trader
2
#Bitcoin 1D chart updated#Bitcoin 1D chart; Bitcoin is likely to touch the upper red trend line in the short term. Let me explain why I think so, based purely on technique, far from the < emotional thinking > that I always underline, so that it is not in the air; < ChoCh > is also known as a trend direction change. The fact that it broke the uptrend with a hard momentum candle and then unwound to the IMB area in this region, where it can hold for now, reveals this possibility. However The levels indicated by the orange circles are critical. The orange circle on the left is the highest peak of the previous month. Naturally, it is the first important hurdle to cross for now. This is the 70k level . If a close above it comes, then we can talk about bullishness. For now, we can state that no chart based on rockets and flames has any basis in reality, as we have no data to suggest that it can break here hard. What happened at the previous highs? Not only were the highs not broken, but the downtrend line (red) also worked as resistance. There is no reason why the same scenario cannot work again (for now). Of course, it should not fall below the IMB level first. If this happens, the previous monthly low below will be tested.
by ugurtash
Another perspective on Bitcoin?#Bitcoin 1D chart; Many of you may not like reading. But I think it's worth reading if, like me, you are always looking for different perspectives on Bitcoin. A completely simple Bitcoin chart. The yellow vertical lines are from the Halving periods. The Blue vertical lines next to them indicate the 500 days before the Halving and the Green vertical lines indicate the 500 days after the Halving. Let's try to interpret all this; What was Halving meaning? It shows the halving events that occur on the Bitcoin network. Halving is a process that occurs approximately every 4 years, where block rewards are halved. This event slows down Bitcoin's supply growth and often has significant effects on the price. After the 2020 Halving period, we see the start of the bull run. But before that, from 500 days ago to the Halving period, there was only a 5% drop . In total, it showed an upward performance of 291% . In the 500 days after the Halving, we see that it reached its historical peak at that time with a total increase of 660% . Let me share this information for those who are curious; The level exactly 500 days after the 2020 Halving corresponds to a rise of 426% . Let's look at today's values; From its level 500 days before the 2024 Halving period, we see that Bitcoin has only experienced a 5% drop, just like the previous one. Are you thinking what I'm thinking? It makes sense to start buying Bitcoin exactly 500 days before the Halving date, right? I don't see why not. So when is the next Halving? What is the date 500 days before? Well, nobody knows that yet. Because it depends on the speed at which Bitcoin blocks are created, but it usually happens every 210,000 blocks . Assuming it's sometime in May-June 2028, that would put it between December 2026 and January 2027. When that date approaches, we will bring up this graph again and revise our predictions. Don't forget to save this post for that. Now... Although it is difficult to comment on how much Bitcoin testing the ATH level and making a new peak before the Halving due to ETF news will change this statistic, I think it would not be wrong to say that the endless declines since the peak are related to this. While Bitcoin has not yet seen a new peak after the 2024 Halving, it has only risen by 10%. What is the 500th day after the 2024 Halving? September 1, 2025 As seen last time, on the eve of the 500th day after the Halving, Bitcoin saw a new high and fell sharply from there. It then continued to rise and made another new high. So day 500 is just before the second new high, as you can see on the chart. So if something like this happens in the next cycle, is your psychology ready for it? Can you wait that long? Or would you wait? Let's meet in the comments... By the way, if you like my article, I would appreciate if you can like and share it to support me.
by ugurtash
BTC BITCOIN Technical Analysis and Trade Idea👀👉 I'm keeping a close eye on BTC right now. We’re seeing a market structure break with a higher high on the chart, along with the potential formation of a base that could lead to further upward movement. If market conditions align as discussed in the video, I'll be considering a buying opportunity. This analysis focuses on key aspects of technical analysis, such as trend identification, price action, and market structure. We’ll also discuss a potential trade setup and examine strategies that could increase the chances of success. Please keep in mind that this analysis is for educational purposes only and should not be taken as financial advice. The observations are speculative and do not guarantee future market outcomes. It’s important to verify current price actions before making any trading decisions. This presentation provides a comprehensive review of the current trend, market structure, and price dynamics. However, it's important to recognize that while the information is educational, it does not guarantee trading success. Trading in the foreign exchange market carries significant risks, and we strongly advise using sound risk management techniques in all your trades. We encourage you to do thorough research and carefully consider all factors before making any trading decisions. Stay informed, exercise caution, and approach the markets with a well-thought-out strategy. 📊✅
FOREXCOM:BTCUSDLong
by fxtraderanthony
Bitcoin respecting the 2 key moves very well ! This week, the price performed very well according to the analysis we did last week. The two key levels have been taking a very positive effect for Bitcoin's next surge. As we can see in the chart, Bitcoin broke through our inefficiency zone with great strength, creating a volumetric bullish candle. This is a very positive pattern, as in the last two days, it has remained in the key confirmation zone which I mentioned in my last Bitcoin analysis. As we can see, Bitcoin is still in a range, but it is recovering little by little. The best part is that Bitcoin is following the exact movement we have been predicting since we started this analysis several weeks ago. Looking at volume, buying pressure, and the overall structure, starting Monday, we could see Bitcoin make a strong bullish move. But note this: the price has not yet broken through my confirmation zone #2 or the green zone, so it could stay there for a few days before we see a strong upward trend. Best regards, and thank you for supporting my analysis, we are doing very well!
COINBASE:BTCUSDLong
by RocketMike111
Crypto and Bitcoin Market Update - Price Forecasts and MoreIn this video, I cover where I think the markets go next, including Bitcoin, ETH and Solana. And how the NASDAQ:IBIT has become similar to the !CME in terms of how price tends to fill any gaps. Nobody else is talking about this, but see for yourself and start tracking the IBIT gaps on a 4 Hour chart -- You'll be amazed. I also share potential paths, likely a dip first, then push higher toward ATH. And a new study I've been refining based on liquidity and timing cycles, showing we're very close to a major move upward in Bitcoin and the rest of the market. Howerver, I feel the biggest bang for your $ will be BTC, SOL, and ETH from here. Let me know what you think, and please like the video.
COINBASE:ETHUSDShort
by BrettFogle
9