Btcusdanalysis
Sep 16,2024 short term bitcoin analysis Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency is approaching support at 58000 points, which may give a positive reaction. However, a break downwards through 58000 points will be a negative signal. The currency is assessed as technically neutral for the short term.
BTC Bitcoin In-Depth Analysis and Trade Idea👀 👉 Navigating Key Market Levels with Bitcoin
Bitcoin (BTC) has broken market structure to the upside. On both the daily and 4-hour charts, we see a pullback into equilibrium, offering a potential buying opportunity. In this video, we dive into market structure, price action, and, most importantly, the trend. We also discuss how smart money has been targeting stop losses recently. The goal is to set up a trade that minimizes the risk of a stop run without compromising our risk-to-reward ratio.
*Disclaimer: The information shared in this video is for educational purposes only and does not constitute financial advice. Always perform your own analysis or consult a financial advisor before making trading decisions.* 📊✅
BTC: Aiming for $67k-$68k!BTC Update:
Bitcoin is moving as expected. Yesterday, it made a sudden drop but quickly recovered. The current price of $58.1k needs to move strongly to continue the rally.
The RSI continues to gain bullish momentum and still has room to grow.
The target of FWB:67K -$68k remains unchanged.
I'll provide updates on the altcoins shortly, so stay tuned. If you have any requests for specific altcoins, let me know in the comments or via DM.
Regards,
Team Dexter
#BTC #CryptoInvestor
NQ - SP500 - NKD - BTC Coming Week(s) - BearKey Points:
Video covers – CME_MINI:NQ1! - CME_MINI:ES1! - CME:NKD1! - BINANCE:BTCUSD
ES (S&P) – 100 pt price blocks (Bold Yellow Lines)
NQ (Nasdaq) – 500 pt price blocks
NKD (Japanese Market) – 1000 pt price blocks
BTC (Bitcoin) – 5000 pt price blocks
Legend
Bold Yellow Lines: Top and Bottom of Price Blocks
Dotted Blue Lines: 50% of any Price Block
White Solid Line: 20 EMA
Yellow Solid Line (not price block): 50 EMA
Blue Solid Line: 200 EMA
Method: Follow the MACD and the 200 EMA. Generally speaking, if the MACD is negative or heading negative, the price should be below the 200 EMA or heading below it, and visa versa, as it goes up to go positive, so should the price, and you should be targeting a price (at a significant level – price block) above the 200 EMA.
BTC on daily timeframe Based on the analysis provided for BTC in the daily timeframe, where it's indicated that BTC is currently in a range post reaching $74,000, and as long as it remains above $49,000 in higher time frames, signaling a bullish trend, the recommendation is to consider purchasing BTC around $57,000 for a potential new higher high.
For this strategy, whether you are holding or actively trading, here are some key points to consider:
1. **Key Levels**: Monitor critical support at $49,000 and the previous high at $74,000 to identify potential entry and exit points.
2. **Risk Management**: Implement effective risk management strategies, such as setting stop-loss orders, to protect your investment and manage risk prudently.
3. **Confirmation Signals**: Look for additional confirmation signals from technical indicators or price action patterns to validate the buying opportunity near $57,000.
4. **Market Awareness**: Stay informed about market dynamics, news events, and factors affecting BTC's price to make well-informed trading decisions.
By integrating these elements into your trading approach, you can refine your strategy and potentially enhance your outcomes in the volatile cryptocurrency market. Best of luck with your trading decisions!
Bitcoin Nearing Critical Resistance at $60,800 What Comes Next?Alright, ladies and gentlemen, we had a strong day for Bitcoin, with a solid move to the upside, indicating positive momentum from the bulls. However, Bitcoin is now facing strong resistance at $60,800. If it breaks through this resistance level, we could see a push all the way up to $64,800, which is the next major resistance. However, it's more likely that Bitcoin will hit this resistance and pull back to around the $58,700 area. As I’ve mentioned before, we’re not out of the woods yet. There's still downward momentum, and I’ll keep you updated in the coming days and weeks.
what is happening to BTC right now ?! 🐺 "Hello, KIUCOIN family . I hope you're doing well. 🐺
In this analysis, I've decided to explain what's likely to happen to the BTC price in the immediate short term and the long term. Be sure to stay tuned with me until the end, as it's going to be mind-blowing." 🤯
"First of all, let's examine the monthly chart. In my opinion, this is one of the best timeframes, especially for this analysis, because it reveals extraordinary price targets. Let's dive into it :
As you can see on the monthly chart , BTC is between two uptrend curves that have acted as support and resistance since 2015 . These curves are fairly strong, justifying their classification as strong support and resistance lines on the monthly timeframe.
As you may already know, the higher the timeframe we examine, the more accurate results we can achieve. Therefore, the patterns on the monthly timeframe are much more accurate than those formed on the daily or even the weekly timeframe. In this case, we have a clear and perfect bullish flag pattern . This is a bullish pattern, and its main target, which aligns with our resistance line, is around $165,000. 🔥🐺🚀
So let's reveals more details for you dear 🐺KIUCOIN🐺 family :
In the chart above, on the weekly timeframe, we have a clear AB=CD pattern . This is a well-known pattern in harmonic trading and, in my opinion, is quite accurate. Seven out of ten times, these patterns reach their targets, making them a valuable tool for traders .
So I think there is another secret reason for us to pay attention to it :
BTC.D
As you can see in the chart above, BTC.D is currently within a symmetrical triangle, which could also be considered an ascending triangle in this case. It appears to be on the verge of breaking out. In my opinion, if BTC.D breaks through this resistance level, it could be incredibly beneficial for the BTC price , potentially leading to a significant rally up to $165,000. However, this could also be challenging for altcoins and ETH . While they might also experience pumps alongside BTC, these pumps are likely to be less substantial. After such a BTC-led rally, we could expect a massive altcoin and ETH season. So, stay tuned with me until that time, as we could potentially make life-changing money together during this market cycle.
Now finally it's time to take look at the lower time frame :
As you can see on the daily timeframe , if BTC breaks through the orange resistance line , we could consider entering a long position with a target of the previous all-time high. You could also take some profits at a predetermined level and set your stop at the entry point to protect your initial investment. The remaining position could then potentially continue to generate profits, leading to a higher target of $165,000.
I hope you enjoy this idea dear KIUCOIN family , also always remember :
🐺 Discipline is rarely enjoyable , But almost always profitable 🐺
Bitcoin : 60K-80K New Range and 90-100K Projectile AnalysisRemember Today: If BTC futures break 61,766 in a week and stay above that line, we are looking at a new uptrend-sideway range between 60-80K between October - February 2024, and March 2025 if the trend has no rejection due to sentiment of the market is positive we will be looking 90-100K new range in history of BTC, should you take your position now and best of luck!
Bitcoin Set for Explosive Breakout? Bitcoin Set for Explosive Breakout? Key Levels and Fibonacci Circles Point to $88K!
Looking at the current Bitcoin chart, the price is positioned close to the 200-day EMA, and the Fibonacci circles seem to be indicating a potential pivotal movement. We've recently completed a corrective wave (C) in the Elliott Wave cycle, and we’re likely entering Wave 1 of the next bullish cycle. If this wave progresses positively as expected, we could see a break back above the 200-day EMA. Historically, once Bitcoin finds support above this key level, the price action tends to be explosive. A return to $70k, which represents the top of the horizontal triangle, is within sight.
Additionally, the measured move from this triangle suggests a target as high as $84.5k. Supporting this view, the 1.618 Fibonacci extension level, derived from the recent high of around $74k and low of about $49.8k, projects a potential upside near $88k. If the price follows its typical trajectory and the Fibonacci circles align, next week could see significant bullish momentum for Bitcoin. The intersection of these technical factors creates an exciting outlook for a possible breakthrough into higher levels.
LINK Long IdeaLINK
Entry: 11-10.5
TP: 11.4- 11.8- 12.0 - 12.2
SL: 10.35
I'm bullish on LINK monthly chart being in the golden ratio zone, its great to accumulate some here in spot and TP at 30-40% in 1-2 months but here's a setup for short term scalpers. Despite being a bit bearish on BTC, remember to stick to your SL
BTC AnalysisHello friends,
For hours BINANCE:BTCUSDT moves near the VAH. I think BTC is ready for a big move to 61500 and even more.
Right now there is no entry for taking Long position but in case BINANCE:BTCUSDT reach the VAL and Volume increased, then I say it is a good opportunity to open Long position.
Be careful guys, Opening position in this scenario is risky.
BITCOIN BLUEPRINT 2.0 - MACRO MATRIXThis is a refined / updated version of my old 'BITCOIN BLUEPRINT' Macro Matrix.
I struggle with finding the right display format for the charts on publishing tradingview ideas. Here is the chart organised so everything is visible.
We are now seeing bitcoin story develop from its negative bias, into a positive one. ETFs have now been approved, aswell as other crypto ETFs. We are 150days post halvening, coming to a potential end for this period and start to move up into the upper Powerlaw band (Red).
The important note is to realise we have 365days+ of Bull Run ahead of us. Anywhere around Mid Sept 2025 could potentially signal a Peak in Price, which precedes approx 1year in declining price actin (Bear Drop).
All time highs & Lows by Cycle:
CYCLE 1: Bull High = $31.50 / Bear Low = $1.85
CYCLE 2 : Bull High = $1140 / Bear Low = $145.5
CYCLE 3 : Bull high = $19170 / Bear Low = $3148
CYCLE 4 : Bull high = $68944 / Bear Low = $15495
---------------------------------------------------
Potential Forecasted Targets:
CYCLE 5 :
Bull High = $300000 - $325000
Bear Low = $58000 - $65000
CYCLE 6:
Bull High = $1000000 - 1150000
Bear Low = $300000 - $325000
---------------------------------------------------
*Note - This is not financial advice, just finding from my own analysis work. The future targets based on forcasts will become more clear once previous cycles have completed. Therefore its best to focus on the next cycle, rather than jumping ahead one cycle. Seeing MIL:1M in CYCLE 6 is exciting!
-------------------------------------------------
CONTEXT:
As noted prior - we are seeing dveelopments in the BTC space. Most notably, the programability of BTC. With projects such as Fractal Bitcoin, TAPROOT, RUNES, BRC20, CAT20, OPNET, OPCAT and many many others paves the way for a fresh narrative other than digital gold.
Bitcoin Daily TargetHere is the daily target to reach for BTC. I expect a possible range with a fake pump to let retails to long. Then, we will probably see a drop until the $57.200 area, where there is enough liquidity for Bitcoin. This is a magnet level, and I will DCA a short entry with an easy invalidation above $59.500
BTC Bitcoin Chart PredictionIf you haven`t sold the BTC top:
Now you need to know that the summer decline in Bitcoin's price, despite multiple ETF filings, can largely be attributed to the massive selling pressure from several key sources like Mt. Gox, Silk Road, FTX, and Germany.
This influx of supply overwhelmed the market, and there simply wasn't enough demand to absorb it.
I think that the purpose of these ETFs is likely to stabilize Bitcoin rather than drive its price up dramatically. They're designed to bring more legitimacy and structure to the market.
As for the technical outlook, the current formation of a falling wedge could indicate a short-term price increase. However, the expected retracement suggests that any near-term rally might be temporary.
Longer term, I think Bitcoin has the potential to break higher, especially with more regulatory clarity and broader adoption. Reaching $80K by the end of the year seems possible, but a lot will depend on macroeconomic factors and the broader risk appetite in the crypto space.
BTC, When should we expect reversal? FA: The majority of crypto market participants are currently in a depressed mood regarding the medium-term future of the crypto market as a whole. Such behavior of the crowd says first of all that weak hands are not ready to buy now, and the sawtooth movement, which started since March and has lasted for more than 6 months, puts even experienced participants in a stupor, forcing them to close speculative positions, dump risky assets and expect a further decline comparable to the collapse in the spring of 2020.
However, a deeper look reveals several significant trends:
A drop in the influx of new bitcoins to exchanges.
Since the beginning of the year, the number of new coins entering exchanges has been declining. This indicates that professional investors prefer to keep their assets in their wallets, which means they are not preparing to sell. This factor is traditionally considered to be a bullish sign, as a decrease in supply on exchanges may contribute to price growth in case of renewed buying activity.
Increased outflow of bitcoins from exchanges.
This sign is also positive and confirms the narrative of asset accumulation by smart capital. It can be seen especially well at the moment of price drawdown: during and after aggressive shakeouts, a surge in coin outflows is clearly visible.
Despite the globally passive sentiment, the fundamentals of exchange inflow/outflow suggest that strong hands continue to accumulate while the crowd is perplexed by what is happening.
Reduced supply on the exchanges and increased demand from large holdings are creating all the conditions for future price gains, our idea is that the market has been in a reaccumulative phase for the past six months.
From a technical analysis standpoint , I anticipate a continued downside for BTC. Two potential scenarios may unfold:
1 - Retest of the 4-hour Order Block (OB): BTC could test the 52,000-54,000 range, followed by a gradual reversal, suggesting a more measured recovery.
2 - Retest of the Weekly Fair Value Gap (FVG): Alternatively, BTC may drop to the 47,300-44,000 zone, which could trigger a sharp "V-shaped" reversal with aggressive momentum driving the price higher, potentially towards new all-time highs (ATH).
In either case, monitoring key support and resistance levels within these zones will be critical.
#BTCUSD 4HBTCUSD 4H Trading Setup
Buy Level: 55,600
Target Level: $66,000
The BTCUSD pair shows a promising upward trajectory on the 4-hour chart. A key buy signal is identified at the level of $55,600. This level represents a strategic entry point, aligning with current technical indicators suggesting strong support and potential for a bullish movement.
Once entered, the target level is set at $66,000, where significant resistance is expected. This target reflects a potential gain based on the current market structure and momentum.
Key Considerations:
Risk Management: Ensure proper stop-loss orders are placed to manage downside risk in case of market fluctuations.
Market Conditions: Stay updated on broader market conditions and news that might impact BTCUSD price movements.
Technical Indicators: Monitor key technical indicators such as moving averages, RSI, and MACD for any signs of trend reversal or momentum shifts.
This setup assumes favorable market conditions and is based on technical analysis; adjustments may be necessary based on evolving market dynamics.