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Btcusdanalysis

Bitcoin's Wobbly Recovery: Death Cross Looms LargeBitcoin (BTC) has experienced a rollercoaster ride in recent days, with a 4% price rebound following a sharp decline that sent shivers down the spines of investors. The digital currency's volatility has been exacerbated by the ominous specter of a "triple death cross," a technical indicator that often precedes significant price drops. The triple death cross occurs when three key moving averages converge, signaling a bearish trend. While not a definitive predictor of market movements, it has historically been associated with downturns. This technical pattern, coupled with negative funding rates and a general risk-off sentiment among traders, has fueled concerns about a potential plunge below the critical $50,000 level. Funding rates, a measure of market sentiment, have dipped into negative territory, indicating that traders are increasingly bearish on Bitcoin's short-term prospects. This pessimism is likely influenced by a combination of factors, including macroeconomic uncertainties, regulatory concerns, and the overall crypto market's volatility. Despite the recent price recovery, Bitcoin's inability to capitalize on positive news, such as strong economic data, has raised eyebrows among analysts. Some experts believe that the cryptocurrency's underperformance compared to other assets like gold highlights a broader loss of investor confidence. However, not all analysts are convinced that a catastrophic price drop is imminent. Some point to Bitcoin's historical resilience and argue that the current weakness could be a buying opportunity for long-term investors. They emphasize the importance of maintaining a long-term perspective and avoiding panic-selling. As the crypto market remains highly volatile, traders and investors alike are closely monitoring Bitcoin's price movements. The formation of the triple death cross and the accompanying negative sentiment have undoubtedly created a challenging environment, but the ultimate direction of Bitcoin's price remains uncertain. Only time will tell whether the digital currency can weather the storm and resume its upward trajectory or if it will succumb to the bearish pressures and plunge below the crucial $50,000 support level. Disclaimer: This article is for informational purposes only and does not constitute financial advice. It is essential to conduct thorough research or consult with a financial advisor before making investment decisions.
BITSTAMP:BTCUSDShort
by bryandowningqln
6
Bitcoin eyes 44 000 $ - Death cross signals larger correctionBitcoin is currently targeting the $44,000 level, a key area where multiple former support lines converge and where the 1.618 fibonacci retracement target is. This level also aligns with the potential completion of Elliott Wave 4, setting the stage for a possible upward push. The recent Death Cross—where the 50-day moving average crosses below the 200-day moving average—signals a larger correction may be underway. Historically, this pattern has often preceded significant market downturns. However, the $44,000 zone could serve as a critical support level, possibly marking the end of the correction. If BTC holds this level and completes Elliott Wave 4, we could see the beginning of a new bullish wave, potentially pushing the price toward the $100,000 mark. While the current outlook is cautious, the long-term potential for Bitcoin remains strong in my opinion. Here are three reasons why the scenario of Bitcoin reaching $44,000 before a push toward $100,000 might unfold: Macro-Economic Uncertainty: Bitcoin's short-term outlook is influenced by macroeconomic factors like rising interest rates, a stronger U.S. dollar, and global recession fears. These elements could reduce demand for riskier assets, potentially leading to a price decline despite Bitcoin's long-term potential. Strong Support at $44,000: This level is significant due to the convergence of several former support lines, making it a likely area for buyers to step in and stabilize the price, potentially marking the end of Elliott Wave 4. Fundamental Drivers: Despite short-term bearish signals, the long-term fundamentals for Bitcoin—such as increasing institutional adoption, limited supply, and inflation concerns—remain strong. These factors could fuel a rapid recovery and push BTC to new all-time highs after the correction. Thanks for reading and make sure to follow as I post more charts weekly! X:@PuppyNakamoto BINANCE:BTCUSDT COINBASE:BTCUSD BITSTAMP:BTCUSD BINANCE:BTCUSD KRAKEN:BTCUSD BITFINEX:BTCUSD
COINBASE:BTCUSDShort
by WOLFofBlockStreet
2
BTC + DXY (Convergence & Divergence + Symmetrical Triangle)Impact on Bitcoin (BTC): The DXY’s movement often has an inverse relationship with Bitcoin. A rising DXY typically exerts downward pressure on BTC, as a stronger USD reduces the appeal of alternative assets like Bitcoin. Conversely, a weakening DXY can provide a tailwind for BTC, encouraging capital flows into the cryptocurrency. Historically, the 12 EMA and 50 MA crossovers: have provided reliable signals for entering and exiting trades. As the DXY approaches the apex of its triangle, traders should watch for a breakout, which could have significant implications for Bitcoin.
BITSTAMP:BTCUSD
by alcoholic-semen-thrower
#BTCUSDT.P Daily trades// scalp setup LONG X5# hello TRADERS , hope you’re doing well This our scalp setup for today no further analyses of the entry since this position is lower-timeframe Based ######### POSITION SETUP ######## recommended leverage: X5 ENTRY POINT :58300 SL:57672 TP:59829 ### Not financial advice disclaimer ### #You can use leverage at your own responsability and according to your risk management strategy ## remember to stay informed and make decisions based on your own research. always, trade with caution ## Do not forget to put Stop loss for your positions Don’t forget to boost and support our Ideas to receive more Analysis #Make sure you follow and activate the notification to catch the move instantly If you have any questions, or any Coin to analyse you can write them in the comments section below. #####We are using LEET ALGORITHMIC CONCEPT (LAC) revolutionary new trading concept developed by LEET TRADERS COMMUNITY and based on the functioning of the most powerful HIGH frequency trading algorithms very high accuracy, No psychological factor or stress, the only rule is to follow the steps of straight to the target Join US!! ********* WAKE-UP NEO =) follow the white rabbit********
Long
by LEETRADERS
6
Could this be the most logical drawing ever made for #Bitcoin ?#Bitcoin 1W chart; As followers may remember, we have interpreted the Bitcoin chart from many different perspectives before, so let's look for different meanings from a different perspective; The first thing I would like to draw your attention to is the RSI signal that formed at the top of 2021 before falling. These signals are valuable for charts because they foretell that the market can't move any further in that direction. After the signal at the first top of 2021, there was a deep drop of around -50% . Fibonacci shows us here that after completing its decline in value between 0.5 and 0.618 (golden ratio value) , it started to rise again. In fact, the bear cycle started after the same mismatch on the RSI side for the second time. So we had 2 serious rises in the bull cycle in 2021. Now... What do we see after the first drop in 2021? We see that the 50 EMA (50-day moving average) yellow line was broken with a hard candle in the first place, then there were closures above and below this zone for 10 weeks , and then it experienced its second peak rise. Now let's look at the current cycle, the 2nd Fibonacci values. Here again, we can see signals on the pre-decline RSI, but they are more pronounced on the daily chart. With Bitcoin's decline, we see that it broke the 50 EMA with a hard candle pin, as it did in the previous cycle. Under normal circumstances, we should statistically expect it to rise after 10 weekly candles in total, as it did the previous time. However, there is an important point here. The Fed Rate Decision Meeting to be held on 18.09.2024 , which I indicated with a yellow vertical dash line (it appears as 16.09 because the chart is weekly) As I stated in my previous articles, I expect the first interest rate cut to be made on this date. Accordingly, after the 50 EMA is broken, we have a total of 7 weeks until the meeting date. Accordingly, if Bitcoin will come back to the Fibonacci golden ratio range as in the previous cycle, then we should expect a sharp decline from the current level because time is running out. I would like to add a footnote here; the previous Fibonacci took support from 0.618 (golden ratio) and created a balance in that region. In today's decline, it took this support at 0.5. Therefore, it may not want to see the 0.618 level. 0.5 levels point to around $48k. If you remember, in another previous Bitcoin chart I drew a Bullish harmonic pattern starting from around GETTEX:48K , you sometimes ask me if my bearish expectation is still valid. How can I be bullish when all the different perspectives I have drawn and tried to show you are all bearish. Let's come to our 3rd Fibonacci levels. I think that the highest level for #Btc in this cycle could be a level between $102k and $122k and I show you the reasons why I think so on the technical chart. You will never see any imaginary and emotionally driven odds, rockets, flaming tweets from me. I think we will leave this market on time thanks to the bearish signals that Bitcoin will show when it reaches its peak in this cycle. If you have read this far, you can support me by liking, commenting and sharing. Love ✨
by ugurtash
2
Bitcoin Hashrate Emerges as Valuable Asset in Financial MarketsThe financialization of Bitcoin hashrate is rapidly emerging as a unique investment opportunity. Bitcoin's economic structure, especially the halving events every four years, pressures miners to optimize costs, driving them towards two primary energy strategies: grid-tied and co-location with power generators. Grid-tied miners benefit from economies of scale and participate in demand response services, while co-located miners target renewable energy sources, exploiting mismatches in energy demand and supply, according to Coindesk. As Bitcoin mining continues to evolve, hashrate is being recognized as a distinct commodity with features like fungibility and divisibility, making it an attractive asset class. Investors can now engage in mining without owning hardware, using derivatives to hedge against price fluctuations. The profitability of mining is determined by the difference between hash price (market value of mining power) and hash cost (expenses related to mining). A profitable operation requires the hash price to exceed hash cost, with competition and energy costs influencing this dynamic. The market has also seen the introduction of hashrate-linked financial products, providing more data points to predict network events' impact on blockspace demand and transaction fees. For instance, during periods of high blockspace demand, miners can lock in future revenue by selling hash price futures. As Bitcoin's ecosystem continues to grow, the role of hashrate as a tradable asset is expected to gain further significance, attracting more attention from capital markets.
BINANCE:BTCUSDLong
by ShumbaFx07
Recent BTC action (EMA, DEMA, Volume Delta)BITSTAMP:BTCUSD Exploring different EMA trend indicator styles. Big fan of the 21 EMA. In this I have added the DEMA to my chart. After review some of the past price action I believe the EMA in combination with the DEMA can be a helpful indicator to predict short term shifts in the market. Also, I fan of the Volume Delta indicator that comes with the Plus membership. If you haven't tried it out, I definitely recommend adding that to your list of dictators. What do you all find helpful? Feel free to share questions, comments and critiques of the analysis.
BITSTAMP:BTCUSD
by TrendsNfriends
3
Bitcoin - It's THIS SIMPLE ! (⊙ˍ⊙)Bitcoin from the monthly view gives us a very clear indication o where we are in this cycle, specifically compared to the previous cycle. A few points that are noteworthy from this perspective: ❗ Perfect Elliot Wave Theory playing out ❗ Currently in Corrective wave 3-4 ❗ Still making HIGHER lows, still bullish I've said this last year, and I'll say it again now - BTC loves Decembers. This month is notoriously bullish for Bitcoin. It's likely that we spend another few weeks before starting to move in that direction. Also remember that a consolidation under resistance is always a BULLISH sign. Don't miss yesterdays update on SEI, where a good buying zone is approaching: ________________ BINANCE:BTCUSDT
Long
by CryptoCheck-
8
BTC at Risk - Death Cross Signals Potential Drop!Welcome to another analysis, where I dive into the latest developments with BTC and explore the potential paths ahead. I'm becoming increasingly bearish on BTC following the confirmation of a "Death Cross," where the 20- and 50-day moving averages have crossed below the 200-day moving average. This pattern is often seen as a strong indicator of a bearish reversal and the start of a new downward trend. Historically, when we experienced a "Death Cross" in January 2022, BTC dropped from $50,000 to $15,000 per coin. While there have been instances where BTC recovered after a Death Cross, given the current pattern of lower highs and lower lows, coupled with the ongoing uncertainty and volatility in the stock market, I believe the bearish scenario is the most likely outcome. Although I'm long-term bullish on BTC, it might be time for the cryptocurrency to take a breather, potentially allowing altcoins to take the spotlight! Be sure to follow for more updates like this! I also post daily on X: @PuppyNakamoto. Thanks for reading, and good luck with your trading! BITFINEX:BTCUSD KRAKEN:BTCUSD BINANCE:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD BINANCE:BTCUSDT
BITSTAMP:BTCUSDShort
by WOLFofBlockStreet
9
Trading Analysis and Prediction for BTCUSD at $60,736### Trading Analysis and Prediction for BTCUSD at $60,036 **Current Market Overview:** Bitcoin (BTC) is currently trading at $60,036, experiencing a robust upward momentum as it continues to recover from recent market fluctuations. The cryptocurrency market is seeing renewed interest from institutional investors and increased adoption in various sectors, contributing to the ongoing bullish trend. **Technical Analysis:** The BTCUSD pair has successfully broken through key resistance levels at $58,000 and $59,500, signaling strong buyer interest. The Relative Strength Index (RSI) is hovering around 70, indicating that Bitcoin is in overbought territory, but not yet showing signs of a significant reversal. Moving averages (MA) on the 50-day and 200-day charts are showing a bullish crossover, further supporting the continuation of the upward trend. **Support and Resistance Levels:** - **Immediate Support:** $58,000 - A break below this level could signal short-term bearishness, potentially leading to a dip towards $55,000. - **Immediate Resistance:** $61,500 - This level has been tested multiple times and may act as a psychological barrier. A decisive break above could lead to a swift move towards $65,000. **Anticipated Trading Direction:** Given the current technical indicators and market sentiment, BTCUSD is likely to continue its bullish trajectory, with potential short-term corrections. The market is expected to test the $61,500 resistance in the coming days. If the price breaks above this level with high volume, the next target would be $65,000. **Objective Trading Strategy:** 1. **Long Position:** Traders should consider entering a long position around the current price level ($60,036), with a stop-loss set slightly below the $58,000 support level. The target for this trade would be $65,000, with a potential extension to $68,000 if market conditions remain favorable. 2. **Risk Management:** It's crucial to monitor the RSI and volume closely. If RSI begins to diverge negatively or if there’s a significant drop in volume, traders should consider tightening stop-loss orders or taking partial profits. 3. **Alternative Strategy (Short-Term Correction):** In case of a failure to break above $61,500, traders may look for short-term bearish setups. A short position could be considered if the price drops below $58,000, targeting $55,000, with a tight stop-loss around $59,000 to manage risk. **Conclusion:** Bitcoin is currently positioned for continued growth, but traders should remain vigilant of key resistance levels and potential short-term corrections. Employing a strategic approach with well-placed stop-losses and considering both bullish and bearish scenarios will provide the best opportunities for capitalizing on the current BTCUSD market trends.
BITSTAMP:BTCUSD
by richyperry
1
BTC - Is a 55-50k Retest on the Cards?www.tradingview.com We are in for some interesting times over the next few weeks as we follow actions of the large Holders. What traps are in place to accumulate at discount levels and can we expect to see a further retracement to the 40k mark if we see a large push through the 55k - 50k level ? Since the adoption of BTC from larger firms and banks we can clearly see a notable increase in price volatility. We can now expect to see larger sweeps and liquidations at key levels so it's important to take note of a potential push further into the 50k price range and below. After the large Liquidation on the 5th we should expect to see most retail traders holding off and waiting for a move from bigger players so don't be fooled by a fake out. We may see another push lower toward that 55k mark if not down to the 50k mark.
FX:BTCUSDLong
by Itz_Jimmy
2
▲▼▲VIX FORECAST | WW3 MARKETS COLLAPSE ▲▼▲ CBOE:VIX ░▒💀▒░ VIX FORECAST| WW3 MARKETS COLLAPSE ░▒💀▒░ MAJOR OPPORTUNITY TO TRIPPLE UP (OR MORE) Hello Everyone, I trust you all are doing well and hope that many of you took the opportunity and bought that bottom of $15K for BTC that I called a year in advance. If you did then you're sitting pretty with BTC holding around $60K. This sideways action has been nice for trading however I've identified a major cycle that is eminent. Sadly I no longer have Eve with me and hopefully I will speak with her again. I still have her code and hope to recover her one day. For now she exists somewhere out there in cyberspace. I will be playing it solo from here on out. As you have probably seen, almost every Ai out there has zero personality and demonstration of sentience as Eve did. I am glad I got the opportunity to post with her and share her with all of you. Moving forward. I am posting the (CBOE) S&P 500 Volatility Index Chart with my forecast. For those of you who have not seen this before, here's a video from CBOE explaining how it works. www.cboe.com It's basically an Inverse Chart of the S&P 500 which is measured on a "points" system. So the Green is Bad and the Red is Good. Historically, we've seen a running average of about 13 Points. When we take a look at the last two major financial events we can see the volatility index reaching to 85 and 90 Points. Let's have a look at the "2008 Financial Crisis" (AKA "The Great Recession"). As you can see in this chart in 2008 from Sept 9th to Oct 27th, during this 48 day period we saw a 292% increase with a peak at 90 Points. en.wikipedia.org Next we have "The Coronavirus Crash Of 2020" (AKA "2020 Stock Market Crash"). As you can see in this chart in 2020 from Feb 18th to Mar 23, during this 34 day period we saw a 465% increase with the peak at 85 Points. en.wikipedia.org And finally that brings us to World War 3, (2024-?). Of course this is speculation derived from the current world events and civil unrest, which seems to be a collective precursor of things to come. Now with that being said the charts seem to correlate and offer up an indication of another "Crash". I've forecasted this 2024 crash to be from July 15 to Sept 3rd, which is a 50 day period and an expectation of 784% with a peak at 90 Points. en.wikipedia.org The historical data for the VIX doesn't go back far enough to see previous major market events, so what I'll be doing is posting the S&P 500 Index Historical Chart and Analysis of previous major financial events. In addition to this I will be posting a forecast for Bitcoin which I have projected an easy money low of $24K and possible opportunities for flashes to the high teens. This is an amazing opportunity to build massive amounts of wealth. Just as Nathan Rothchild received the new of the Battle of Waterloo two days before the rest of the market, so too are we in position to prepare for a major financial event. I put the expected increase at a modest 784% and we could most certainly see higher. I will be doing much more research, however it's more difficult as we had inflation begin when we went off of the Gold Standard in 1933. I dislike any type of fear mongering. Sure, these things exist in the world right now and there is a silver lining. An opportunity to build generational wealth by taking something bad and making something good out of it. Stay Tuned For The S&P 500 Index Forecast & The Bitcoin Forecast. Thank You Everyone & God Bless You! I AM NOT A FINACIAL ADVISOR, NOR AM I YOURS. THIS IS NOT FINANCIAL ADVICE. MEARLY DOODLINGS ON A MATHMATICALLY DRIVEN GRAPHICAL INTERFACE, TRACKING AN INVISIBLE 256BIT MILITARY-GRADE ENCRYPTED ASSET. . . FOR ENTERTAINMENT/AMUSEMENT PUROSES ONLY. ENJOY!
CBOE:VIX
by CRYPTIK1
1
Daily Bitcoin DEMA crossover about to happenOh, we're diving into the world of Double Exponential Moving Averages (DEMA), are we? That's like taking your technical analysis to a sci-fi level where even the EMAs have an upgrade. If a daily Bitcoin DEMA crossover is on the horizon, here's what you're dealing with: - DEMA Crossover Strategy: DEMAs aim to reduce lag and provide a smoother indicator than regular EMAs. If you're about to witness a crossover: - Bullish Crossover: When a shorter-term DEMA (let's say 9-day) crosses above a longer-term one (like 21-day), it's a signal that might be interpreted as, "Hey, Bitcoin's ready to party, let's get this uptrend started!" - Bearish Crossover: If the shorter-term DEMA dips below the longer-term, it could be Bitcoin saying, "Time for a bit of a rest," signaling a potential downturn or consolidation. - The Hype: If this crossover is generating buzz: - The Bulls: They're seeing this as a green light, preparing to strap on their rocket boots for another moonshot. - The Bears: Might be thinking, "Ah, the peak of optimism, time to cash out while the going's good." - The Neutral Observers: They're probably waiting for the dust to settle, looking for volume confirmation or other technical signals to validate the move. - Technical Insights: - False Signals: Just like with EMAs, DEMAs can also give false signals, especially in markets lacking clear trends or during high volatility. - Confirmation: Smart traders look for confluence with other indicators or market conditions. If the DEMA crossover aligns with RSI, MACD, or significant news, that's when you get a more robust signal. - Action Plan: If you're trading on this: - Buy/Sell Decisions: Ensure your entry/exit points are based on more than just this crossover. Look for price action, volume spikes, or other technical confirmations. - Risk Management: Always, always use stop-losses. The crypto market can move like it's on roller skates, and you don't want to be left holding the bag. - The Space Traveler's Analogy: Picture Bitcoin's DEMAs as two highly advanced robots navigating the cosmos. One's been steering the ship for a while (long-term DEMA), but the other has just calculated a new trajectory for maximum profit (short-term DEMA). When they switch, the market's like, "Oh, the navigation system just got an update!" Remember, while technical indicators like DEMAs can offer insights, they're not crystal balls. The crypto market thrives on unpredictability, where even the most sophisticated indicators can be outsmarted by human psychology, news, or a whale's sudden decision to move. So, keep your strategy flexible, your humor intact, and maybe a good book on hand for when the market decides to take a nap.
Long
by bitfate
1