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Btcusdanalysis

BTC H4 CONFIRM MOVEBITSTAMP:BTCUSD (BTC) extends its recent correction move and falls to nearly $64,000 on Thursday. CEO David Bailey confirmed Kamala Harris will not speak at the upcoming Bitcoin Conference, while the Ferrari Luxury Car Manufacturer announced the acceptance of crypto payments across Europe. Meanwhile, the bankrupt Mt. Gox exchange continues to move funds to pay its creditors. On-chain data reveals a positive exchange inflow, indicating ongoing selling pressure in the market.
BITSTAMP:BTCUSDLong
by Senorita71
BTC/USD Short-term Bullish ReversalHey traders, here's a quick breakdown on why I'm seeing short-term bullish signals for BTC/USD, despite the recent downtrend. We've got a classic double bottom formation here, which is a strong bullish reversal indicator. Basically, the price found solid support at this level twice, showing that the bears are losing steam and the bulls are stepping in to push prices higher. Next up, we've hit the 0.618 Fibonacci retracement level and bounced back up. For those who might not know, the 0.618 level is a big deal in technical analysis. It's often a strong support or resistance level, and a bounce from here usually signals the end of the retracement and the start of a new bullish trend. We've also been retesting lower levels, which is a healthy sign. This consolidation helps build a strong base for a breakout past the previous all-time high (ATH). Without this kind of retest, breakouts often don't last. Now, let's talk liquidation levels. There are significant liquidation levels around the current price. High liquidation levels can lead to quick, volatile moves as traders are forced out of their positions, causing sharp upward or downward movements. And don't forget, BTC has become an all-engulfing liquidity snake. High-frequency trading (HFT) algorithms and institutional investments through ETFs and Wall Street are adding a ton of liquidity to the market. This means BTC can react quickly to market changes, often hunting for liquidity to fuel its next move. Looking at the technical indicators, the moving averages show a potential crossover, which is another sign that we might be shifting from bearish to bullish momentum. The Market Cypher wave indicator at the bottom shows momentum shifting towards the bulls, with increasing buying pressure and decreasing selling pressure. So, here's the game plan: Consider going long at current levels, leveraging the double bottom formation and 0.618 Fibonacci bounce. Set take-profit levels at key resistance points, like previous highs and Fibonacci extensions. Place stop-loss orders below the recent support levels to manage your risk. This is just my take based on the current charts and market conditions. Always do your own research and consider multiple factors before making any trading decisions. Always stay neutral, let the trend be your friend, and trade on.
COINBASE:BTCUSDLong
by KennyTheSensei
BTCUSD Bearish Flag Pattern Bearish Flag Pattern in BTCUSD The BTCUSD chart is currently forming a bearish flag pattern, indicating a potential continuation of the downtrend. With Bitcoin's price hovering around $64,300, this pattern suggests that the market is likely to break out below the lower boundary of the flag, potentially targeting $62,000 or lower. Key Characteristics: Flagpole: A sharp decline from $66,500 to $64,500, marking the beginning of the pattern. Flag: A consolidation period that slopes upward, against the prevailing downtrend, currently bound by $64,000 and $64,500. Parallel lines: The flag is bound by two parallel lines, creating a channel-like structure. Bearish bias: The pattern has a bearish bias, indicating a potential continuation of the downtrend. Interpretation: The bearish flag pattern in BTCUSD suggests that the market is likely to continue its downtrend, potentially leading to a breakout below $64,000. This breakout is often accompanied by increased volume and momentum, confirming the continuation of the bearish trend. Trading Strategy: Sell signal: Enter a short position when the price breaks out below $64,000. Stop-loss: Set a stop-loss above $64,500. Target: Set a target based on the height of the flagpole, projected from the breakout point, potentially targeting $62,000 or lower. Risk Management: Set a stop-loss to limit potential losses if the breakout fails. Adjust position size based on market volatility and risk tolerance. Consider scaling out of the position as the target approaches to lock in profits.
BINANCE:BTCUSDShort
by Pipsview_Analysis
BTC upside potential for the next 24 hours The Bitcoin Conference 2024, the largest world’s Bitcoin conference, kicks off in Nashville later today. Republican presidential candidate Donald Trump will be its keynote speaker on Saturday. There are rumors that he will announce that Bitcoin will be transformed into a strategic reserve asset. Meanwhile, the organizer of the conference, Bitcoin Magazine, denied rumors that the Democrat presidential candidate Kamala Harris would be speaking. “No surprise. What can she say to us when she’s actively imprisoning developers, forcing our industry overseas, attacking PoW… it would have been a disaster for her,” the CEO of Bitcoin Magazine David Bailey said. “I gotta be honest, feels like Kamala should commute Ross Ulbricht’s sentence before addressing the Bitcoin community. That’s the tables stakes. Both Trump and RFK have promised to do that day 1,” Bailey said. Ulbricht was sentenced to life in prison without the possibility of parole under the Obama administration in 2015 for creating and operating the darknet market website Silk Road. This website sold drugs and other illegal goods. “All eyes on Trump now. Choice is simple really, Trump Pump or Biden Dump?,” Bailey added. Bitcoin may reach $100,000 “very soon” on expectations that the Republicans will win the US presidential elections in November, the CEO of CSOP Asset Management Ding Chen told Bloomberg earlier this week. The price of Bitcoin fell 2.5 percent to $64,190 over the past 24 hours, Trading View’s Bitcoin chart shows, while ATTMO forecasts strong sun for Bitcoin for the next 24 hours, indicating upside potential and a bullish trend. Follow us for more crypto news and weather reports!
Long
by ATTMO
Are you waiting for ALT Season ? Think about this first.........TOTAL 2 is a chart i have posted in the past but not opften enough recently and a post in Tradingview recently . jogged my memory...and this is what I See. TOTAL market Cap is the top 125 Coins minus BTC and so can be seen as a Top ALTS chart, showing the performence of the Top ALTs against Bitcoin And as the chart shows, we have seen a rise recently, a very profitable rise for some but, we get rejected off the high of the Daily channel. This may be a Lower High after a Lower Low. That is a warning in its own right. The next chart we need to watch here is the Bitcoin Dominance. If we watch a chart that is most top coins minus BTC, it makes sense to see if the Bitcoin Dominance follows what we see there. This is a chart I have been posting often, following PA in the pennant it has formed. Things to note here are that PA is Top of channel and that iti s supported by volume. this has potential to break out. However, the apex is way away in October so it maybe Early yet. But when Bitcoin Dominance takes the lead over TOTAl2, ALTs will tumble. And expectations are for Bitcoin to make a Stronger move some time in August / September. Thats not far away. MACD on the BTC.D is above neutral on a Daily and Still fallling bearish on a Weekly. MACD on the TOTAL2 is turning Bearish Just above neutral on the daily and Falling Bearish on the Weekly, though near Neutral For me, ALTS have a little more Time to run if this continues as is and the recent push high by BTC get Rejected. IF BTC.D breaks out...Sell up and Buy BTC and watch ETH ETF's Fail There is so Much at stake here for so many.... See what I did there ? THINK CAREFULLY RIGHT NOW
CRYPTOCAP:TOTAL2
by Orriginal
Ether's BTC-Denominated Price Flirts With 9-Year-Long Trendline Ether's and bitcoin-denominated market price, the ETH/BTC ratio, is flirting with a bullish trendline drawn from 2016 and 2017 lows, offering hope to bulls on the second-largest cryptocurrency by market cap. Since January, the trendline has consistently restricted the pair's downside in a pattern reminiscent of 2019-20. Back then, it served as an accumulation zone, eventually leading to a renewed bull market in the first half of 2021, as shown by a chart sourced from TradingView. A monthly chart of moving average convergence divergence (MACD) histogram, an indicator used to gauge trend strength and changes, favors
BINANCE:BTCUSDShort
by ShumbaFx07
Ether's BTC-Denominated Price Flirts With 9-Year-Long Trendline Ether's and bitcoin-denominated market price, the ETH/BTC ratio, is flirting with a bullish trendline drawn from 2016 and 2017 lows, offering hope to bulls on the second-largest cryptocurrency by market cap. Since January, the trendline has consistently restricted the pair's downside in a pattern reminiscent of 2019-20. Back then, it served as an accumulation zone, eventually leading to a renewed bull market in the first half of 2021, as shown by a chart sourced from TradingView. A monthly chart of moving average convergence divergence (MACD) histogram, an indicator used to gauge trend strength and changes, favors
BINANCE:BTCUSDShort
by ShumbaFx07
Hash Ribbons Signal Potential Bitcoin Bull RunMiner Capitulation Ends, Igniting Bullish Outlook The cryptocurrency market is abuzz with excitement as a key indicator signals a potential turning point for Bitcoin. The Hash Ribbons indicator, a tool used to measure miner capitulation, has recently shifted into a bullish "buy" signal. This development, coupled with other positive market trends, is fueling speculation of an imminent Bitcoin rally. The Hash Ribbons indicator tracks Bitcoin's hashrate using two moving averages: a 30-day and a 60-day. When the shorter moving average dips below the longer one, it typically signals miner distress and potential market downturn. Conversely, when the 30-day average surpasses the 60-day, it historically marks a "buy" signal, often preceding significant price increases. The recent shift to a bullish signal indicates that miners may have weathered the storm, and Bitcoin could be poised for an upward trajectory. This positive development is further reinforced by evidence suggesting the end of miner capitulation. Miners often sell their Bitcoin holdings during periods of low profitability to cover operational costs. When this selling pressure subsides, it can lead to a price increase as the supply of Bitcoin available for sale decreases. Market Enthusiasm Amidst Uncertainties While the Hash Ribbons signal and the apparent end of miner capitulation are undoubtedly bullish indicators, it's essential to consider the broader market context. Several factors could potentially dampen Bitcoin's momentum. One significant concern is the impending payout of claims from the collapsed Mt. Gox exchange. A substantial amount of Bitcoin is expected to be released into the market, which could exert downward pressure on prices. Additionally, the potential approval of Ether ETFs in the United States has introduced a new element of uncertainty. While this development could benefit the broader cryptocurrency market, it may also lead to increased volatility in Bitcoin's price. Despite these potential headwinds, the overall sentiment among market participants appears to be optimistic. The Hash Ribbons signal has generated significant buzz, and many analysts believe that Bitcoin is primed for a substantial rally. However, as with any investment, it's crucial to approach the market with caution and conduct thorough research before making any decisions. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should carefully consider their risk tolerance and investment goals before allocating funds to Bitcoin or any other digital asset. While the Hash Ribbons indicator and other positive factors suggest a potential bullish trend, it's essential to remain vigilant and monitor market developments closely. Ultimately, the future of Bitcoin's price is difficult to predict with certainty. However, the recent bullish signals provide a glimmer of hope for investors who have weathered the cryptocurrency market's ups and downs. As the market continues to evolve, it will be fascinating to see how Bitcoin responds to the challenges and opportunities ahead.
BITSTAMP:BTCUSDLong
by bryandowningqln
BITCOIN ( LONG ) ( 4H )BITCOIN HELLO TRADERS Tendency , the price is under bullish pressure until trade above turning level . TURNING LEVEL : the price of turning level around 66,400 , indicates the price trade above this level reach a resistance level , but if breaking this level reach a support level . RESISTANCE LEVEL (1) : around 69,648 , for reach this level will be stabilizing above turning level . RESISTANCE LEVEL (2) : around 71,685 , for reach this level the price will stabilizing above resistance level (1) SUPPORT LEVEL (1) : support level at 63,345 , for reach this level will be breaking and stabilizing below turning level . SUPPORT LEVEL (2) : support level at 59,299, for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : the price retest before rising at 66,400 . TARGET LEVEL : RESISTANCE LEVEL : 69,648, 71,685 . SUPPORT LEVEL ; 63,345 , 59,299 .
BITSTAMP:BTCUSDLong
by ArinaKarayi
BTC 24-hour upside potential; downside over the 7-day horizonBitcoin reached a five-week high over the weekend supported by hopes of a Republican victory in November. These were slightly dashed on Sunday when the Democratic presidential candidate Joe Biden dropped out of the race, increasing the chances of a Democratic victory. A Republican victory is seen as much more favorable for the cryptosphere. The SEC has extended its deadline for comments on the potential listing and trading of options on trusts or ETFs holding Bitcoin to between Sept 21 and Nov 20, the US regulator said. The price of Bitcoin dropped 1.4 percent to $66,838 over the past 24 hours, Trading View’s Bitcoin chart shows. ATTMO forecasts a sunny day ahead for Bitcoin, indicating a potential upside, yet, drizzle within 3 days, extending to the next week, which could announce a bearish trend and downside for the biggest crypto. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSD
by ATTMO
BTCUSDT: NOT LOOKING GOOD AT ALL IN SHORTER TFHello, BTC tried hard to reach 72k in the short term but was unable to sustain it. We saw it pumped until 68400 and started dumping from there. What we can see in the short time frame, it is retesting and may take more dump until 59000. I would suggest people to wait for the dump to happen and enter the market at the right time. As of now, it feels very risky to hold or trade any position. Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!! This is not financial advice, please do your own research before investing, as we are not responsible for any of your losses or profits. Please like, share, and comment on this idea if you liked it.
Short
by ScramblerG
1