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Btcusdanalysis

Bitcoin Daily Chart -Indicates selling, it needs to rocket soon Bitcoin BTCUSD since arriving back up at the triple-top high zone and it would seem is preparing to launch a breakout of its price to all new higher-highs and higher lows, but perhaps Bitcoin's consolidation and a lack of higher prices the past couple of days this week, is starting to make BTCUSD look a bit weaker for a Short opportunity. No I don't think the Bitcoin price is going down with a huge sell margin, no price is simply in the 'squeeze' right now and we will see a gradual downward drift in price as consolidating price action occurs, and to a key support level or demand block, buyers will step-in at reduced Bitcoin prices and they will take advantage of a price that Bitcoin is likely to never revisit ever again.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
Comparing Gold and Bitcoin: Which is the Superior Hard Money?As economic uncertainty, inflation, and geopolitical tensions continue to rise, investors are increasingly turning to alternative assets like gold and Bitcoin as hedges against potential market downturns. Both assets have seen significant price increases in recent years, sparking a heated debate over which one truly qualifies as the superior "hard money." Gold: The Timeless Haven Gold has been revered as a store of value for centuries. Its appeal lies in its physical nature, scarcity, and historical track record as a reliable hedge against inflation. When economic conditions deteriorate, investors often flock to gold as a haven. • Pros of Gold: o Tangible Asset: Gold is a physical asset, offers a sense of security and control. o Historical Performance: Gold has consistently proven its worth as an inflation hedge over the long term. o Diversification: Adding gold to a portfolio can reduce overall risk. o Global Acceptance: Gold is recognized worldwide as a valuable commodity. • Cons of Gold: o Storage Costs: Storing physical gold can be expensive and inconvenient. o Liquidity Concerns: While gold is generally liquid, large-scale sales may impact its price. o Opportunity Cost: Gold doesn't generate income like stocks or bonds. Bitcoin: The Digital Gold Bitcoin, a decentralized digital currency, has emerged as a disruptive force in the financial world. Its proponents argue that it offers superior qualities as a hard money due to its limited supply, cryptographic security, and potential for future growth. • Pros of Bitcoin: o Digital Scarcity: Bitcoin's supply is capped at 21 million coins, ensuring its scarcity. o Decentralization: Bitcoin operates on a decentralized network, making it resistant to censorship and manipulation. o Global Accessibility: Bitcoin can be accessed and traded by anyone with an internet connection. o Potential for High Returns: Bitcoin's price volatility offers opportunities for significant gains. • Cons of Bitcoin: o Price Volatility: Bitcoin's price can fluctuate dramatically, making it a risky investment. o Regulatory Uncertainty: Governments around the world are still grappling with how to regulate cryptocurrencies. o Technical Complexity: Understanding and using Bitcoin can be challenging for some. o Environmental Concerns: Bitcoin mining consumes significant amounts of energy. The Hard Money Debate: Gold vs. Bitcoin The debate over which asset is superior as a hard money often boils down to individual preferences and risk tolerance. Gold proponents emphasize its tangible nature, historical track record, and global acceptance. They argue that gold's value is rooted in its physical properties and its role as a traditional safe haven. Bitcoin advocates highlight its digital scarcity, decentralization, and potential for disruption. They believe that Bitcoin's unique characteristics make it a more suitable store of value in the digital age. Ultimately, the choice between gold and Bitcoin depends on various factors, including: • Risk Tolerance: Investors with a higher risk tolerance may be more inclined to invest in Bitcoin, while those seeking a more conservative approach may prefer gold. • Investment Horizon: Long-term investors may benefit from both assets, as they have the potential to appreciate over time. • Diversification: Both gold and Bitcoin can serve as diversifiers in a portfolio, reducing overall risk. A Balanced Approach Rather than choosing one over the other, some investors opt for a balanced approach by allocating a portion of their portfolio to both gold and Bitcoin. This strategy can help mitigate the risks associated with either asset and potentially generate higher returns over the long term. As the global economic landscape continues to evolve, the debate over gold and Bitcoin is likely to intensify. Investors must carefully consider their financial goals, risk tolerance, and long-term outlook before making investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
Where from here can go BTCUSD BTC Long BTC Short How far can #BTCUSDT go? Is the top close, before we see a bigger pull back? Will We See Bitcoin Over $100k? I think that at this moment, although we have great euphoria that we will very soon see a break above the magical $100k, at least according to some other indicators, we may see an all time high (ATH), but I think that after that we will see that bigger pull back. We have that before (I pointed 2 years ago) and even I give where can be bottom. If that happens, some will call it "fakeout" or "deviation", but I think it could just be an EXPANDING FLAT that often appears as a correction, very often as the fourth wave in the Elliott wave fraction. B wave, from ABC correction, as a rule, ends beyond the beginning of A wave (in this case it is ATH), 105% - 138% of wave A, while the target for C (the final leg of ABC) is 123.6% - 161.8% of wave AB. Several indicators, if we see a new ATH soon, will create divergences (RSI, AO, etc.), which can usually be an indication of an exhausting movement. Also for this idea I see a couple of harmonic patterns that make confluences for these targets. As I said, the price has not yet reached those areas, but this is something I will keep in mind if we see the new ATH soon. It is also interesting to see on the 1D time frame some harmonic patterns that were very important in certain moments. I hope for everyone who wants to see Bitcoin over $100k soon, that this idea will not be correct. In any case, time will tell if I am right and I will try to update as soon as I see some important changes.
BITSTAMP:BTCUSD
by CryptoArch_
BITCOIN: A Possible Rejection!!!BTC didn't hit the ATH but did rally as high as $73,620, aligning with our weekly analysis. The BRR pattern played out well. On the weekly timeframe, BTC needs to break above the all-time high resistance to sustain its bullish momentum. A weekly close below this resistance could result in a possible rejection. Looking at the daily timeframe, BTC is likely to face a rejection around the $68.8k to $69k range. In my next update, I'll cover altcoins, so stay tuned and trade safely. Setup for SHORT entry: ~ Entry: $72,800 to CMP. ~ Stoploss: $74,500. ~ Leverage: 10x. ~ Target: $68.8k. Do your own research and analysis before investing.
Short
by Dexter_The_Trader
1
BTC's Next Moves: Key Levels to Watch!hello guys! Technical Analysis: Primary Uptrend: After a sharp breakout from the triangle pattern, Bitcoin is moving towards the target zone around $73,500–$74,000. Two Possible Scenarios (Based on Arrows): Scenario 1 (Immediate Rally): BTC could maintain its upward momentum, bypassing the lower support and heading directly towards the upper target zone around $73,500–$74,000. Scenario 2 (Pullback and Retest): BTC may temporarily retrace towards the highlighted support area (~$71,500) before resuming the uptrend towards the target zone. This pullback would provide additional support confirmation before a potential rally. In summary, BTC’s next steps could either see a continued surge or a brief retest of support before reaching its triangle target. Keep an eye on these levels for optimal trading setups! 🚀
by melikatrader94
13
USTD.D updateThis is USDT.D, a reverse indication to how BTC will perform based on money flow concepts. It looks like USDT.D is starting to form a bullish harmonic pattern and if it does and plays out, BTC will dump. Now only that, the PRZ (potential reversal zone) on the harmonic pattern has weight being based on both yearly VWAP as well as a trend line that is based on Fib levels. Therefore, I am looking for quick short scalps today as I believe a retrace is coming. Analysis can always be wrong based on these, so no matter what or how much you trust me, trade safely and have back up plans! @Nate Alert
CRYPTOCAP:USDT.DShort
by Nate36989
BTC Potential Plan !BTC / USDT Summary : BTC finally made its first HH and HL after 6 months being in bearish pattern What next ? Correction started and i still think we will get strong bullish wave but first we have high chance to take liquidity at 59.2k or even 57k because there are much liquidity there and also won’t invalidate our pattern (HH and HL) After that a full bullish wave is expected to 73k as first target Invalidation of bullish plan : lose 52k daily Do u agree ? Let me know in comments section below 👇
Long
by Babenski
15
BTC Trend Shifting ? and ask about your altcoin analysisBTC / USDT Quick summary : 190 days have passed since the BTC topping in march 2024 at 73k Since that moment BTC was trading in downtrend with LH and LL What we can see in chart : finally we can start seeing serious bullish signals 1- First Higher low in 6 months 2- Triple bottom formation in RSI indicator What I wait and expect for next ? I think we can produce HH soon then a small final correction and after that UP ONLY Invalidation: Lose the current HL and continue again in LH and LL You can ask about your fav altcoin analysis in comment section below and I will try to reply all… Ask for 1 altcoin and write complete symbol (ex: BTCUSDT)
Long
by Babenski
80
Bitcoin - Gearing Up for NEW ATHBitcoin is showing a sudden increase in momentum, and the pattern I was watching has played out successfully after the last update: Ultimately, the playout I have been talking about for MONTHS were as follow: And this is the recent chart data on that exact idea: I'm happy to finally see everything come together - it took some patience though! Finally - impulse wave 4-5 (Elliot wave Theory) is in play! From here, we can expect ETH to gradually creep along, and when BTC trades sideways ETH and other top10 market cap alts will make gains. Find more on that, here: When ETH stalls (and BTC even retraces a little) that's when the smaller cap altcoins will shine. Cheers to another ATH 🥂🍻 _____________________ OKX:BTCUSDT
Long
by CryptoCheck-
Next Stage of Bull MarketUSDT.D is testing the 20 W SMA which has been a key level for Bull Markets. The zone and MA has acted as Support 4 times previously in 2024 which have correlated with BTC Local Tops A close under that SMA is indicating that we are entering the next stage of the Bull Market. I prefer a few Daily Closes under, Weekly Close under is Gold Dust and tells me the Next Stage has begun. Read this to understand the Context of that SMA: Main reason I'm more Bullish this time compared to that precious Idea is because of DXY. Confluence: BTC has shown Strength since Oct 10th despite the continued Upward Trend in DXY that started on Sept 30th. 1 Day RSI on DXY is close to 70(Currently 69) which is a general sign that it is close to Topping. DXY is also testing the 200 EMA since it broken down below in July. My expectation is that the 200 EMA acts as Resistance for DXY and it rejects to continue its downtrend. This would be Bullish for Risk Assets like BTC/Crypto and would correlated with USDT.D breaking below the 20 SMA.
CRYPTOCAP:USDT.DLong
by HopiumDealer7
Bitcoin's Bullish Trajectory: Derivatives Markets Signal The cryptocurrency market, particularly Bitcoin, is experiencing a surge in bullish sentiment, driven largely by trends in the derivatives market. Analysts and traders are increasingly optimistic about Bitcoin's potential to reach and even exceed the $80,000 mark before the end of 2024. The Role of Derivatives Markets Derivatives markets, which allow investors to speculate on the future price of assets, have been a key indicator of market sentiment. In the case of Bitcoin, derivatives like options and futures contracts provide valuable insights into the expectations of professional traders and institutional investors. Recent trends in the Bitcoin derivatives market suggest a significant uptick in bullish sentiment. The open interest in Bitcoin futures contracts, which represents the total number of outstanding contracts, has been steadily rising, indicating growing interest from market participants. Additionally, the implied volatility of Bitcoin options, a measure of market uncertainty, has been elevated, suggesting increased expectations for price swings. The Trump Factor: A Potential Catalyst A significant catalyst for Bitcoin's bullish run could be the potential election of Donald Trump in the 2024 U.S. presidential election. Trump's pro-business stance and his previous support for cryptocurrencies have led many to believe that a Trump presidency could be positive for the crypto market. If Trump were to win the election, it could lead to increased regulatory clarity for cryptocurrencies in the U.S., which could attract more institutional investors to the market. Additionally, Trump's policies could stimulate economic growth, which could indirectly benefit Bitcoin and other cryptocurrencies. Technical Analysis: A Bullish Outlook Technical analysis of Bitcoin's price chart also supports the bullish outlook. The cryptocurrency has been forming higher highs and higher lows, a classic bullish pattern known as a bullish uptrend. The recent breakout above the $72,000 resistance level has further strengthened the bullish case. Many analysts are now setting their sights on the $80,000 level, and some are even predicting a six-figure price target for Bitcoin in 2025. If Bitcoin can maintain its current momentum and break above the $80,000 level, it could trigger a significant price rally. Potential Risks and Challenges While the bullish outlook for Bitcoin is strong, it is important to acknowledge the potential risks and challenges that could impact the cryptocurrency's price. These include: • Regulatory Uncertainty: Changes in regulatory policies could negatively impact the cryptocurrency market. • Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur. • Economic Downturn: A global economic downturn could lead to a sell-off in risk assets, including Bitcoin. Conclusion The convergence of bullish factors, including the positive sentiment in the derivatives market and the potential impact of a Trump presidency, has created a strong foundation for Bitcoin's continued upward trajectory. While challenges and risks remain, the potential for Bitcoin to reach and exceed the $80,000 mark in 2024 appears increasingly likely. Investors should conduct thorough research and consider their risk tolerance before investing in Bitcoin or any other cryptocurrency.
BITSTAMP:BTCUSDLong
by bryandowningqln
Is Bitcoin going under next week? Quite possibly, here is why.. Well they threw the bitcoin-bone to us retail traders about 2 weeks ago on a Sunday when everything in Crypto was coming alive and turning green on our screens. I get no pleasure in saying, as I'm invested in Solana, Doge, Bitcoin and others, that things at least for Bitcoin may not be so wonderful going forwards for a little while next week. Perhaps Crypto in general holds up until Bitcoin gets its' sh*t together. What bothers me is the Daily chart below for BTCUSD. 3 different settings for MACD on higher timeframes are bearish with crossing DOWN signals on the daily chart which is where the momentum-action will catch up and be next week, bearish, I think. Bitcoin, I said a couple of days ago was struggling on the Daily chart. Intraday does not look good on Monday, my guess is that it starts to sell off this weekend. Put some stop losses on your stuff if you don't have them, trailing stops. See the daily chart for the loss in momentum to the upside on so many fronts for Bitcoin.
EIGHTCAP:BTCUSD
by Easy_Explosive_Trading
BTC broke out of rising wedge pattern! BTC broke out of rising wedge pattern ; In this technical analysis, Fibonacci retracements of price and time were used to compare the strength of buyers and sellers. As we can see, after an impulsive wave where BTC's price increased to 73,600 over 182 days, it corrected by only 50% over the next 182 days. This means that the market has given sellers as much time as it did buyers, but their strength was half of that of the buyers over the same period. With this description, we can expect the end of the corrective wave and the start of a new impulsive wave, but before that, the previous high of 73,600 must be broken to confidently enter a long trade. Also, the 70,000 level is an important area for BTC; if BTC can hold this area, the likelihood of its rise will increase significantly. This analysis will be updated in the coming days.
by Market-Analyzer