Get started

Btcupdate

BTC Bitcoin Technical Analysis and Trade Idea 👉🔍 In this video, we conduct a thorough analysis of Bitcoin (BTC). Recent data suggests that BTC has exhibited significant bearish momentum. Given this trend, I anticipate a potential retracement, particularly as the price has approached a critical support level. My strategy involves closely monitoring the 15-minute chart for signs of consolidation or sideways movement, which could signal a potential breakout. This scenario might present an intraday trading opportunity, targeting previous resistance and support levels. It’s crucial to understand that these insights are speculative and should not be interpreted as definitive predictions. Accurate confirmation of specific price movements is essential before making any trading decisions, as detailed in the video. The content provides an in-depth examination of the current trend, market structure, and price dynamics, aimed at enhancing your understanding. However, trading carries significant risks, so it is imperative to implement rigorous risk management strategies to mitigate potential losses. 📈🔔
FOREXCOM:BTCUSD
by fxtraderanthony
5
BTC/USDT Wednesday 7th August 2024Morning all, Following on from the posts of Saturday 3rd August you can see that Monday morning brought the correction we were hoping for. Panic in traditional Markets brought the dramatic pullback we wanted. The drop in Cryptocurrencies coincided with the collapse of Asian markets after the Bank of Japan's decision to raise interest rates to the highest level in 16 years. The early indication of this came in the early hours of Monday morning with a significant drop in the Nikkei Index, one of Japan's leading stock indices, which closed with a loss of 12.4% the worst since "Black Monday" in 1987. Alongside this came the extended threat of a U.S. recession, which looks inevitable and ultimately depends on how much further the Federel Reserve can kick the can down the road. The sudden Crypto Market crash wiped out over $600m in leveraged long positions. With chart analysis providing us with the ranges and foresight to act before the fundamentals became apparent, we must realise this is an opportunity and not anything less. With Bitcoin being the underlying driver of all Crypto Assets, we must take notice of the ranges available to us here. You will see that this pullback allowed Bitcoin to trade as low as $48,300 on Monday morning before finding strength to leave a huge wick and close back above the $53,000 support. I don't believe we are 100% out-of-the woods just yet and am open to one more pull back which wicks as low as $44,000 to take out the local low which was just created. With market manipulation needing to be considered, many traders will now be in long positions with 'Stop losses' sitting just under the low from Monday. Either way, anyone that did remove emotion and took them long trades you're now in a good place and ready to move stop losses to break-even if you haven't already.
Long
by ZeroGravityGB
BTC vs VIX A combined chart between the VIX indicator with Bitcoin and a separate Bitcoin chart (below) and the resulting in front of you: - The built-in BTC/VIX top section shows that yesterday its movement reached the bottom of the trend. - The arrival of the BTC/VIX indicator for the trend every time means that Bitcoin has achieved a bottom. - The strange thing is that this time it is equivalent to major lows: the bottom of 2015-2020 (Corona)-2022. Although the break is monthly and volatility and pressure may continue, it makes clear that this month is August the lowest number that Bitcoin will record before the main high.
BITSTAMP:BTCUSDLong
by NaiF_CHarT
Bitcoin's Rollercoaster: A Temporary Respite or Precipice of a CBitcoin, the digital currency that once seemed invincible, has undergone a tumultuous period. A dramatic plunge from its peak to a low of $49,300 sent shockwaves through the crypto market. However, a surprising recovery has seen it rebound to $56,000. This raises a critical question: is this a reprieve before another, more devastating crash, or the beginning of a renewed bull run? Factors Fueling the Fall To understand the potential trajectory of Bitcoin, it's essential to examine the factors that precipitated its decline. Macroeconomic conditions, including rising inflation and interest rate hikes, have cast a long shadow over risk assets, and Bitcoin is no exception. Regulatory uncertainty, particularly in the United States, has also contributed to market volatility. Additionally, concerns about the environmental impact of Bitcoin mining have led some investors to reconsider their positions. The Rallying Cry The recent recovery can be attributed to several factors. Firstly, a wave of buying from institutional investors has helped to bolster Bitcoin's price. These large-scale investors often view market downturns as buying opportunities, believing that Bitcoin's long-term value proposition remains intact. Secondly, the ongoing development of Bitcoin's underlying technology, including advancements in scalability and privacy, has continued to attract investor interest. Finally, the growing adoption of Bitcoin as a payment method by major corporations has reinforced its status as a digital store of value. A Fork in the Road While the current rebound is encouraging, it's crucial to approach it with caution. The cryptocurrency market is inherently volatile, and past performance does not indicate future results. Several factors could derail the recovery and push Bitcoin back into a bear market. For instance, a more aggressive monetary tightening policy by central banks could trigger a renewed sell-off in risk assets. Additionally, increased regulatory scrutiny or negative publicity surrounding Bitcoin could erode investor confidence. Looking Ahead Predicting the future of Bitcoin is a complex endeavor. However, investors can make more informed decisions by carefully considering the factors outlined above. Those with a long-term investment horizon may view the recent dip as a buying opportunity, believing that Bitcoin's underlying value proposition remains intact. On the other hand, short-term traders should exercise caution and be prepared for increased volatility. Ultimately, the fate of Bitcoin will depend on a confluence of factors, including macroeconomic conditions, regulatory developments, and technological advancements. As the cryptocurrency market continues to evolve, it's essential to stay informed and adapt to changing circumstances. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies carries significant risks, and it's essential to conduct thorough research before making any investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
The amazing BTC and the secret of 152 & 52 weeks.🤔Here's an intriguing take on BTC and the potential significance of the 152 (Bulls) & 52 (Bears) week cycles: 🔑 BTC: Unlocking the Secrets of the 152 (Bulls) & 52 (Bears) Weeks 🗝️ Throughout BTC's history, a fascinating pattern has emerged – the alternation between 152-week bull cycles and 52-week bear cycles. 📈📉 This cyclical behavior has been observed multiple times, leading to the tantalizing question: Will history repeat itself once again? 🔄 My answer: Yes, I think the stars are aligning for another cosmic dance between the bulls and bears. 🐂🐻 If this pattern holds true, we are potentially witnessing a new 152-week bull run started in 7 Nov 2022 till the top around 6 October 2025, followed by a 52-week bear hibernation, and the cycle continues. ∞ However, as with all things crypto, nothing is set in stone, and the market is known for its unpredictability. 📊🔮 Nonetheless, for those who believe in the power of historical cycles, the 152 (Bulls) & 52 (Bears) weeks could serve as a fascinating guide, offering insights into potential market movements. 🧭 It is not a financial idea. PLZ DYOR. Good Luck.
COINBASE:BTCUSDLong
by KarimMohsen
BTC Analysis in Daily Timeframe: Will it get worse?Hello traders, Here's a re-analysis of BTC on a daily timeframe. I know it looks horrible—a straight 25% dump in just eight days. Will more dumps be coming in? Let's analyze it. BTC has hit the lower support trendline with a recent low at $52.3k. BTC has respected this trendline in the past, and it should respect it this time as well, in my opinion. A daily close above this support trendline is crucial for a rebound. On the downside, the $50k range is another strong support for BTC. If we see any further dump, BTC must hold the $50k support. In the past, counting from the all-time high, BTC has dropped 23%-25% and then showed a good rebound. This time, to have a similar move, BTC must close above the support trendline. I will post another update in the weekly timeframe soon, so stay tuned and trade safely. Do your own research before investing. Regards, Team Dexter.
by Dexter_The_Trader
1
Is Bitcoin BTC and crypto scamming now or it's FUDHello, Skyrexians! This weekend was extremely fearful on the crypto market, even more, today is a true "black Monday" and not only crypto, but also traditional markets are crashing right now. The most commonly known crypto trading strategies gave false signals before the crash. Most of top crypto trading platforms and top crypto traders faces with the huge losses, algorithmic trading bots and other algorithmic crypto trading software led their users to losses and liquidation. Different automated trading bots, grid bot and other cryptocurrency trading also performed awful for most of a people. Only ai crypto trading bot allowed people not to lose. The really dark time came to the market, how to overcome all this FUD and be successful in crypto trading. We know that the most important is understanding on which market phase we are now. In today's article we will look at the different charts and time frames on BINANCE:BTCUSDT price chart and try to understand what is coming next. Monthly time frame shows it's almost done If you see our previous Bitcoin analysis you will find that GETTEX:49K was absolutely reachable. But the speed of this move really concerns us and we need to take a look at the global picture first of all. The sideways which started in March 2024 led to the first red column on Awesome Oscillator, and this is our first reminder that the bull market is not forever. This is the first sign of weakness. Momentum is gone, therefore we cannot wait for the bull run continuation to the insane numbers like $200k. Bull market is almost over! The bearish divergence and Elliott waves counting tells us that wave 5 of super cycle is done and we will enter the bear market which has never been before. Is it time to panic? We assume not! Last wave 5 shall also consists of 5 waves and we cannot see now the clear confirmation that this bull run is finished. It's weakening but will likely continue. Where it will be finished. The approximate projection for wave 5 shows us that BTC will likely reach $80k+, but not significantly higher. After that we will see the bear market with target at $35k.
by Skyrexio
3
BTC at a Crossroads: Will It Break Out or Break Down?Current Technical Overview: Support Levels: - Immediate Support: $56,000, which aligns with recent lows and a critical support trendline. Resistance Levels: - Primary Resistance: $65,000, near recent highs and an upper boundary of the descending channel. Moving Averages: - 200EMA: The 200-day EMA is acting as a crucial support level. Holding above this level is essential for maintaining a bullish outlook. Volume Analysis: - Decreasing Volume: Indicates a potential breakout or breakdown is imminent. Watch for a surge in volume to confirm the direction. Outlook: - Bullish Scenario: A breakout above the descending channel near $65,000 could lead to a significant rally, potentially targeting $75,000 and beyond. - Bearish Scenario: A breakdown below the 200EMA could see BTC retesting lower support levels around $52,000, $40,000, and $30,000. Conclusion: BTC is currently in a consolidation phase within a descending channel. The 200EMA is a critical support level to watch. A breakout above the channel could signal a continuation of the uptrend, while a breakdown could lead to a further decline. Traders should monitor price action and volume closely for the next significant move. I am in the camp of being a bit more bearish at this stage for COINBASE:BTCUSD
COINBASE:BTCUSDShort
by CryptoFallen
BTC/USD: Critical Breakdown and Bearish OutloookThe COINBASE:BTCUSD daily chart continues displaying a significant bearish sentiment. Key Technical Points: Support Levels: 1. Target 1: The price has reached the first target around $48,000. 2. Target 2: If the bearish momentum continues, the next support is around $36,000. Support Levels: - Immediate Resistance: Previous support at $52,000 is now acting as support. Moving Averages: - 200 EMA: The price has broken below the 200 EMA, a bearish signal indicating potential further declines. Bull Flag Potential: - Descending Channel failed: The price is within a descending channel, typically a continuation pattern. A breakout above the channel could signal a reversal to the upside, but currently, the trend remains bearish. Outlook: - Bearish Continuation: The break below the 200 EMA and reaching Target 1 support around $48,000 indicates a bearish continuation. The next potential target is $36,000, where significant support lies. Conclusion: BTC is currently bearish, breaking below crucial support levels and the 200 EMA. Watch for any signs of a breakout from the descending channel for a potential reversal, but the immediate outlook remains bearish with the next target at $36,000.
COINBASE:BTCUSDShort
by CryptoFallen
BTCUSD - Short Term RSI Divergences and Key Price MovmentHello, Despite the recent bearish trend, the bullish RSI divergence suggests a potential rebound. This divergence often signals a weakening of the bearish monentum and a possible upward price movement. My Bias Bearish in the short term due to the series of lower highs and lower lows. However the bullish RSI divergence suggest a potencial rebound or at least a temporary halt to the downtrend. My Entry/Exit Strategy: Entry Point: Considering the bullish divergence, entering a long position around the current price level of $60,900 could be a strategic move Stop Loss: To manage risk, set a stop loss slightly below the recent low at around $56,000. Take Profit: Potential profit targets could be set around the $64,000 resistance level an d if bullish momentum continues towards the $72,000 peak Future Prospects Watch for a break below the $56,000 support level to confirm continued bearish momentum break above $64,000 signal the end of downtrend and a resumption of bullish activity. For Traders: Given the bullish RSI divergence, consider entering a long position while monitoring key support and resistance levels. Ensure proper risk management with stop losses in place. Regards
COINBASE:BTCUSDLong
by kashifone1
BTCUSDT is showing signs of a short-term declineWith the current price of 66850, BTCUSDT is showing signs of a short-term decline. This is evidenced by decreasing trading volume and bearish momentum indicators, suggesting a potential downturn in price. Additionally, there are indications of an impending significant correction, highlighting the possibility of a period of consolidation in the near future. Traders should exercise caution and monitor price movements closely.
Short
by SafeCryptoSignals
4