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Btcusdanalysis

Global M2 Money Supply Vs S&P500So when we look just at the Global M2 money supply, we can see its increasing and sharply. However, when you look at BTC, BTC is lagging behind, and the increase in M2 Global supply has yet to have an effect on BTC where we would expect to see a price increase as M2 money supply increases. If you compare the M2 Global money supply against S&P500 though, it tells us a different story, where the S&P is leading and BTC is lagging. Signalling to me a catch up in BTC is inevitable at this stage and its being squeezed at these levels as money flow increases. A good signs imo and no doubt BTC catches up to S&P500
BLACKBULL:SPX500Long
by marshyyy
1
Whipsaw coming as bitcoin consolidates the 50-60k levelForecasting a pullback to 50k, as i expect the out of the ordinary volume on 08/05/24- 15min, hourly, 4hr, & daily, to gravitate price back towards it; high volume candles are very likely to get backfilled due to orderbook instability- see yellow fib lines for source and measurement. This is not bearish. This is important for bitcoin to conquer this level as she gears to move higher. There are many things i cant fully articulate in my charts so if you have any questions let me know. James
Short
by creengrack
15
Global Liquidity Index Against BTCHeres the global liquidity index mapped against BTC and its past cycle data for reference. Im sure you can spot the positive correlation it has.... When global liquidity increases, risk on assets such as BTC increase due to an influx of new liquidity in money markets. We have been consolidating for 2 years in the global liquidity index in an ascending triangle. I am expecting it to push up, break out, retest similar to the prior cycle fractal and continue higher, in turn pushing money markets including BTC into ATHs
Long
by marshyyy
1
The Bitcoin Dilemma: To Go Long or Not to Go Long?Let me share my observations on Bitcoin, starting with the obvious. On the 4-hour chart, any trader with more than a week of experience can see that Bitcoin is moving in a widening descending channel. To put it simply, the price action is forming a "trail" that fits perfectly within this channel. Over the past few days, prices have been "testing" the $60,500-$60,000 level, which suggests a potential move lower, aligning with the direction of the descending channel. Ok, fine. Meanwhile, on the CME and other major crypto exchanges, options with strike prices of $80,000 and $100,000 are being traded a lot with an expiration date in December 2024. That's a far cry from the current price, and it's anyone's guess what the future holds. Will we see a "tothemoon" or a multi-month bottom? Personally, I'm "sitting on the fence" and won't be going long until I see some confirmation on the chart.
COINBASE:BTCUSD
by ClashChartsTeam
BTC Wyckoff accumulation Schematic 2 - Moving as planned!BTC Update: So since my analysis on BTC, price has delivered beautifully and exactly as anticipated from the forecast, having took the internal highs at FWB:65K and into HTF supply from the prior weekly bearish leg and we had the bearish reaction from this area. Price has pushed back into the daily range with a lovely bearish reaction, further fuelled by the FUD news, timed pretty much perfectly to the bearish momentum and downturn in the market as we sit in this accumulation range. However im not worried regarding the news as i see it as FUD in line with my wyckoff understanding. In line with my USDT.D update also posted recently⁠, im still seeing a little downside risk in BTC and im expecting it to continue bearish and push down deeper into the levels marked up between GETTEX:59K - $52K. This level is the discount of the accumulation range and the HTF weekly range and aligns with the weekly demand range, 3D demand range and daily demand range, alongside resting SSL to target at $57,500 in this area, making a prime reversal level and key level imo. As im viewing this as a reaccumulation range, following wyckoff schematic 2 as shown, im looking at price to form a last point of support in this area and a bullish reversal to form and expand out of it as shown. This is my main idea and thesis so far as we continue to range here after the capitulation event. Now my idea could get invalidated at a later time but right now its aligning pretty perfectly alongside what im seeing on USDT.D in its distribution range and price doesn't have to take the lows again on BTC so don't be fooled into thinking it does as right now its not suggesting this and im not looking for it. Patience is needed here as we need more price action to form to work with, but overall its looking great, i aint worried and my focus remains on the range. As a result, i expect alts to continue to bleed and underperform, especially as BTC.D continues to push up into HTF supply and ETH is looking rather weak here with potential to take its lows again, which could end up being SMT divergence between ETH and BTC as it forms its bottom here over the coming weeks. With Q4 just starting, im looking for the next expansion phase in the market to begin within this quarter, alongside the US elections next month which is typically a bullish event in the market! Its all aligning in my opinion for a bullish Q4 and Q1 of 2025, we just need to have patience here and not get shaken out in this range. In addition to this China has started quantitive easing and their market has went on a massive bullish run the last week, with the US also easing up on interest rates cutting them by half a point, leaving investors able to acquire debt at a cheaper rate which typically fuels further bullish momentum in the market, as the M2 money supply increases too which i will delve into in another post. Essentially as global money supply increases, money markets tend to also increase and ill break down this relationship in some other charts to show you just how correlated this is as its very interesting stuff. The technicals are aligning with the macros and i think its shaping up to be a great Q4 and Q1 of 2025! Dont be fooled by the first bearish tones to Q4, think of the monthly candle in terms of the PO3 Power of three formation, we have started the new monthly candle, forming the downside wick before the true expansion to the upside begins!
BITSTAMP:BTCUSD
by marshyyy
Bearish setup For BTCSince we are being rejected in the higher time frames, we expect the price to reach the same level in the daily level, and also in the lower time frames we see downward structures, the last downward range in the time frame is 15 minutes above Asian liquidity and the last return candle. which led to a fall in the area of ​​61800, which can push the price down again Of course, it can be the same ceiling of indus cement for order block time to be higher and from higher areas
Short
by MrHunterTradeInsight
2 years of BITCOIN PA and the options we now haveHere you go, Just over 2 years of #Bitcoin and pointers to whats next. We can all make Guesses and predictions about where BTC is going but at the end of the day, a Chart will NEVER Lie and shows the options available. So, Here we are, Near Mid channel, Just above support. This line has held PA 4 times since Jan 2023 and failed Once only. And we are just above it again now, having bounced off it 3 weeks ago. Current Price at this support is around 58K usdt ( Grey Arrow) Should that fail to hold, if we test it again, then we will likely Visit the Lower trendline of channel, currently around 50K - 53K usdt, depending on speed of Drop. It is the upper Trendline that holds all the power. It has rejected PA 5 times since September 2022 and acted as support only Twice. ( Thin Arrows) This line of resistance si Strong and added to this we have the "Local~" range high that is also strong Resistance. This all adds up to a Ceiling of strong resistance that ends around 76K. So where does this leave us ? The Path of Least resistance is simply to continue in Range till we hit the lower trendline in Dec 2024 ( White Arrow) with a price around 54K. From there, a bounce higher is highly likely and the need to break through Strong resistance is eased by doing it in 2 separate Goes and could lead to a new ATH around March time ( assuming continued Trend speed Etc ). For me, this is becoming more likely now given world events. Another possibility is that PA crashes down low in the near future, to around 48K, and hits Lower trendline. From there, we would have to see if the Bulls could keep PA on the line, which I am sure they would. From there, PA may range along lower trendline to recover confidence before pushing higher again. And the last possibility is obviously that PA bounces from current Area and attempts to punch through the wall of resistance in one go and break over 76K and Holds it. Which it may struggle to do. We shall find out soon enough. So many charts pointed towards a New ATH a round Dec..that may have changed. Time Will Tell
CRYPTO:BTCUSD
by Orriginal
#BITCOIN is fine, Don't panic!Bitcoin continues to trade within a descending channel, with the current weekly candle showing a 7.17% drop, rejecting near the $65,000 resistance level. The price has entered a Weekly Fair Value Gap (FVG) between $60,000 and $62,500, where we might see some buying support. (FVG sare levels of liquidity gaps which the MMs eventually take before continuing the uptrend) Explained more in my previous BTC/USDT Chart However, a break below the invalidation level at $57,466.09 could lead to further downside towards the channel support. Bulls need to HOLD the FVG to initiate a bullish breakout. Invalidation Level: An invalidation point is marked around $57,466.09. If the price breaks below this level, the bullish scenario becomes invalid, and further downside action is likely to follow. There's also 200 MA support around the $59.8k level. This is an important level to keep an eye on! I think we will see a relief soon! NOTE:- Stop panicking! When the market pumps, everyone wants a dip, but when the dip comes, fear takes over. This is often a sign you're taking on more risk than you can afford. Stay calm and focus on Altcoins, which often bounce hard after corrections. While Crypto Twitter was expecting a green October, the market makers threw in a surprise to start the month. Expect a few days of downtrend and consolidation, followed by daily green candles. That’s my view, not financial advice! Let me know your thoughts in the comment section and do hit the like button sp it reaches more souls who need to read this! Thank you #PEACE
BINANCE:BTCUSDLong
by Cryptorphic
9
Bitcoin and Moving Averages - Are they worth using ?Bitcoin Daily and Weekly Charts with SMA ribbons - 2 stories This is the channel BTC has been in since Jan 2023. We broke out of it on Feb 2024 and returned into it in July 2024 The main image is the weekly chart and we can see how, as a result of this Long term Rise since Jan 2023, The SMA's have begun crossing Bullish with the 100 (blue ) just recently regaining ground above the 200 ( yellow) . This is despite the Long Term Range we are currently in and shows the strength the PA Has Had. The 50 ( RED) was the first to recover and it is that that is currently offering support to PA as is shown by the bounce off it just 3 weeks ago. However, the Long Term range just mentioned has yet to fully appear in these SMA's So, lets look at the Daily The Daily shows us the battle taking place between the 50 (red ) and the 100 ( blue ) The Bullish order for these SMA's is , from top to bottom, 50 ( red) 100 ( blue) 128 ( green and 200 ( yellow ) What worried a lot of people was, on the 8 August, we saw a "Death Cross", where the 200 crossed above the 50. this is considered a bearish sign but I will say, we saw this on a few occasions in 2020 - 2021 nad PA recovered. We can see how PA has tried to recover recently and, in fact, made a slightly higher high and it even got through the 200, that tried to be resistance.... But we failed to hold that and now, just today, we have found support on the 50 again. We need to hold this but we may not. For me, I think we will see 58K , FEAR will set in again and we will have to wait and see how things play out. The problem with Moving Averages and using them as Tools for understanding the market , is how laggy they are. They take so long to react. The Weekly Looks fine.... Very bullish, 100 crossing over the 200 - everything looks LOVELY but the real story is below that, the Daily, all hell is breaking Loose. And the lower down the time frames we go, the worse it gets but the nearer to the real time data we get. I Look at MA's, I do my business with other Tools. A Death Cross, for instance, only shows us what has happened ALREADY and any decent trader will already have seen that signal elsewhere, like in the PA for instance ! But, they do have thrie uses.........But there are better tools for a Fast moving asset like Crypto Just my opinion
COINBASE:BTCUSD
by Orriginal
3
Bitcoin's Potential Bottom Near $58k in Q4As we enter Q4 (October 1st to December 31st), Bitcoin is testing the crucial $58k support level, a price point that has acted as a pivotal zone in past market cycles. This level could serve as a potential bottom for the current correction, offering a possible recovery point for the final quarter of 2024. Market participants should closely monitor price reactions at this level. A bounce from $58k could signal the beginning of a recovery phase, while a failure to hold could lead to further downside pressure. Traders should look for confirmation through volume spikes and reversal patterns, as these signals will be key in identifying a trend change. With the end of the year approaching, this could present a vital buying opportunity, so staying cautious and ready is essential as the market moves through Q4.
by alcoholic-semen-thrower
BTCUSD I 1 hr double bottom formation and long opportunityWelcome back! Let me know your thoughts in the comments! ** BTCUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
BITSTAMP:BTCUSDLong
by BKTradingAcademy
12
Minimal ValuesMy Estimates for BTC this upcoming cycle. October is gonna take a bit of time to see upwards momentum. We have about 1-2 weeks before markets rip. (October 15-21st). Could start early as next week. (October 10th) It takes around 200 days from last election cycle's October 1st to reach 1st peak in mid April 2021 in the cycle. 2nd peak (Full cycle peak) was 405 days after October. If we copy the exact chart from the previous cycle's range. 1st peak in April 2025 at 115k 2nd peak is estimated in Nov 2025 as the final moment in the cycle at a minimum of 120k for BTC and do a blow off top. Could reach 180k then bear market starts all over again. Note the reason I call it Minimal values is because this factors in 0% additional growth. If the chart is exactly the same, that means 0 growth has incurred. With growth ultimately scaling from individual countries slowly adopting to full blown global adoption, I'm going to keep myself within these minimal values and anything below would be, to me, considered an opportunity zone.
Long
by Slumper
BTC/USDT Analysis: Post-triangle Breakout in Ascending Channelhello guys. I have published about this pattern before, and now I am certain about this scenario! Key Observations: Broken symmetrical triangle Pattern: Bitcoin has broken out from a pattern, indicating a bullish reversal from the prior downward trend. Ascending Channel: After the breakout, BTC is moving within an ascending channel, showing the formation of higher lows and higher highs, confirming bullish momentum. Support Zones: Around $57,000-$58,000: Strong support, previously tested and confirmed, serving as a potential rebound zone for price corrections. Resistance Zones: Between $66,000 and $67,000: The first significant resistance. If Bitcoin breaks through this level, the bullish trend will likely continue. Between $75,000 and $77,000: A key upper resistance target, marking a long-term price goal if momentum persists. Potential Price Path: The chart outlines a scenario, where after a correction or consolidation around current levels ($61,000-$63,000), BTC could retest and break the $66,000 resistance. A clear break could see prices surge towards the $75,000-$77,000 range. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
by melikatrader94
6
Bitcoin (BTCUSDT) Short Trade Setup: Key Levels and TargetsThis chart shows a short trade setup for Bitcoin (BTC/USDT) with clearly marked Entry, Stop Loss (SL), and multiple Take Profit (TP) levels by using the Risological swing trading indicator. Here’s an analysis of the current situation: Entry: The short trade entry was triggered at 64354.7 USDT. Stop Loss (SL): The stop loss is placed at 65437.3 USDT, which is slightly above the resistance level to limit potential losses if the price reverses upward. Take Profit (TP) Levels: TP1: The first target is 63016.5 USDT. TP2: The second target is 60851.1 USDT, and the price has already hit this level. TP3: The third target is set at 58685.8 USDT. TP4: The final target is 57347.6 USDT. Current Price Action: After entry, Bitcoin has experienced a downward move as expected, already hitting TP2. The market is showing some consolidation, which may indicate a temporary pause before continuing its downward momentum. Trade Management : If the price breaks below TP2 again, the short trade could potentially hit TP3 and TP4, providing an opportunity for more significant gains. If there’s a reversal, traders should be cautious and manage the trade accordingly, potentially moving the stop loss to breakeven to lock in profits. This short setup appears to be progressing well, and if the bearish momentum continues, it may hit the lower take profit levels soon.
Short
by ProfitsNinja
BTC Downtrend Scenario and Key LevelsBTC seems like it is following this daily downtrend channel, and seems to be reversing from the top of the channel. All the timeframes (Daily, 4H, 1H, and 15 Min) are screaming downtrend. We saw that it retested the downtrend resistance at 61125 level and looks like it might retest it. We have 5 minutes left in 4H timeframe so will need to wait for it to close and see how price reacts to it. Will wait for short long entry if the price breaks the 15 min key level and will have the target at the 1 Hour Key Level. (But chances are low). I feel like we will go down further till 59200 area where the 1 Hour strong demand zone is. If we break that, then we might see 54000 - 50000. Waiting on the sidelines until I see any clear structure or pattern forming. I feel safe that way. Good luck and happy trading!
by MoneyChartz