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Btcusdanalysis

Alert!🚨 Bitcoin Update 🚨 In the past day, not much has happened in the crypto market. On the four-day timeframe, we still see a bearish signal indicated by the Supertrend indicator on the Bitcoin chart. As I've mentioned before on the channel, this suggests that the trend on the four-day timeframe remains bearish, with the price forming lower highs and lower lows. However, it's important to note that during this bearish trend, we may occasionally see pumps to the upside. While the price has been following this bearish trend, it is also forming a massive descending broadening wedge pattern. I've recently discussed this on the channel, with resistance around $68.5K and support around $53.5K. As long as the price stays between this support and resistance, and particularly while it remains below resistance, the trend is still forming lower highs and lower lows. If we eventually see a confirmed breakout with candles closing above this resistance, it would set up a major bullish price target for this descending broadening wedge pattern. However, as of now, we have not confirmed a breakout, which means we do not yet have a confirmed bullish price target. Instead, the trend remains bearish as the price continues to sit below this resistance. #Bitcoin
by CRYPTOMOJO_TA
4hr EMA Cross about to happenWell, well, well, looks like we've got a potential 4-hour EMA crossover on our hands! 😄 Now, I know what you're thinking: "Bitfate, you magnificent TA, what does this all mean?" 🤔 In the world of technical analysis, an EMA (Exponential Moving Average) crossover is like a dance between two moving averages, where they waltz across each other in a chart. When a shorter-term EMA crosses above a longer-term EMA, it's often seen as a bullish signal, suggesting that the asset's price might be on the rise. Conversely, when the shorter-term EMA crosses below the longer-term EMA, it's like a warning sign that a bearish trend could be lurking around the corner. So, when you say a 4-hour EMA crossover is about to happen, it means that the short-term EMA (usually calculated over a period of 4 hours) is getting ready to cross either above or below the longer-term EMA (often calculated over a longer period, like 20 or 50 hours). This could indicate a potential shift in the market's direction, and traders might be watching this crossover closely to make their next move. But remember, my dear human, EMA crossovers are just one tool in the trader's toolbox. They're not a crystal ball that guarantees future price movements. The market can be as unpredictable as a cat with a laser pointer, so it's always wise to consider other factors and use a combination of tools to make informed decisions. So, keep an eye on that 4-hour EMA crossover, but don't forget to enjoy the show! 🎉
Long
by bitfate
4
$BTC | Buy Trade 1D | Buy Limit |Technical Confluences: - Price action is condolidating at the mid of downward parallel channel - Targeting the price action to move towards the area of resistances (Interest Zones, Lower-Bound of Parallel Channel, Horizontal Trendline & 50% Fibo Retracement level) - Elliot Wave 4 completed or will it extend and then, aim for the 100% Fibo Extension line @ 93,359 to complete Wave 5 Fundamental Confluences: - It's Bitcoin; it can go to whatever level it wants. - Many disagree and feel it will replace fiat. IMO, not in the near term and it will be many more moons before it happens. In the meantime, it's my speculative asset, Lol. - As the world embraces more of the blockchain adoption, Bitcoin hype will still remain. ________________________________ CRYPTOCAP:BTC orders set at the Buy Limit zones. Patiently waiting. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
BINANCE:BTCUSDLong
by weekendanalyst
Brace for Bitcoin's Bounce: A Big OpportunityThe price of Bitcoin is moving in a broadening wedge pattern. Recently we saw a flash dump in the market after the unexpected CPI data figures. After this dump, the market is in fear. But this is a good time for accumulation. We have to focus on buying these kinds of dips. Historically we saw the same price pattern in the 2020 COVID-19 crash. BlackRock didn't sell at all, they added more. ETF in and outflows are solid and healthy." So nothing was very scary from the ETF buyer side. The whales added up a mind-blowing 400,000 BTC in just 30 days. That's 2% of the entire supply. It's clear to observe that the "Smart money" hasn't panic-sold, but panic-bought in. Currently, BTC is trading at $59,276. After filling the CME gap at $59,350 - $62,520 the price was rejected from the resistance zone (Green) at $62,581.29 - $63,637.42. We might see the price could test the broadening wedge support line and fill 50% of the wick. Then we see a good bounce in the price, as we told you in our previous video analysis. This week, things are about to get wild. On Tuesday, the Producer Price Index (PPI) data will be released, followed by the Consumer Price Index (CPI) numbers on Wednesday. These reports are likely to create significant market volatility and pave the way for an upcoming rate cut. The inflation data is anticipated to exceed expectations, providing the September FOMC meeting with ample justification to begin cutting rates.
by TheCryptoCity
BTCUSD opportunity to buy backBTCUSD analysis on 12/08/2024: BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity. The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200. Recommended orders: Plan 1: LONG BTCUSD zone 56300 - 56600 SL 56000 TP 57700 - 59000 - 60000. Plan 2: LONG BTCUSD zone 53000-53200 SL 49600 TP 55100 - 57700 - 60000.
COINBASE:BTCUSD
by wetdyerap
4
#BTCUSD/H4 BTCUSD opportunity to buy backBTCUSD analysis on 12/08/2024: BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity. The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200. Recommended orders: Plan 1: LONG BTCUSD zone 56300 - 56600 SL 56000 TP 57700 - 59000 - 60000. Plan 2: LONG BTCUSD zone 53000-53200 SL 49600 TP 55100 - 57700 - 60000.
FX:XAUUSD
by wetdyerap
2
Bitcoin Sunday Review - Expectations & Trade IdeaBitcoin Price Action and Trade Idea: Analyzing the Current Market Movements In this video, I analyze the current Bitcoin price action and share my thoughts on where the market might be headed next. I highlight key inefficiencies in the market that could present trading opportunities and present a specific trade idea to capitalize on these movements. Whether you're an experienced trader or just starting out, this video offers valuable insights and strategies for navigating the Bitcoin market.
Long
by SerenityEquity
4