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Btcusdanalysis

Remember! Remember! The 5th of November!Thursday... the 5th of November 2020... CRYPTOCAP:BTC pumped nearly 7% in one day. We were 30ish days into the parabolic phase of the 3rd bull cycle for #Bitcoin. It was trading at $14,911. The holders had no idea that CRYPTOCAP:BTC would continue to climb an additional 335% over another 5 months, reaching a local ATH of $64,895 on April 14th 2021. Here we are on September 6th, 2024. CRYPTOCAP:BTC dropped to $52,546 or (-3.8%) for the day. Septembers are a sore subject when it comes to financial markets and Bitcoin in particular. Across the Post-Halving years, CRYPTOCAP:BTC will drop -2% historically. Considering CRYPTOCAP:BTC has tested local lows across the 5th and 6th of the last 3 months; July 5-6th low: $53,499 August 5-6th low: $49,050 September 5-6th low: $52,546 (so far) It is almost like someone is trolling the Holders... The focus of this chart is to consider the above and the following. Have we found our local bottom this early in September? ($52,546) How will Bitcoin react to the upcoming 25 bps Fed Rate cut? ($50,000 vs $60,000) Will our price position entering the parabolic phase affect the overall gains over the next 6 months? (90% vs 480%) Where will our new ATH fall next April/May? ($100,000 vs $305,000) Let me know how bearish or bullish you think the future of Bitcoin is.
COINBASE:BTCUSDLong
by RILOBUYLOW
BTC Swing Long to 65k & 70kTrade Idea: Bottom for Bitcoin Might Be In This chart suggests that Bitcoin may have found its bottom, with the potential for a bullish reversal. The following elements highlight this outlook: 1. Liquidity Zones: - Liquidity/TP1: The chart highlights a take-profit zone (TP1) near the $64,000 level, where liquidity is expected to reside. This is the target area for the long trade. - Prev. Monthly High: This is noted above the $70,000 level, potentially acting as a higher resistance level and extended target if momentum continues after TP1. 2. Entry Zone: - The gray shaded area near the $55,000 level represents the entry zone, with liquidity around this price. This suggests that the price may have tapped into an important liquidity pool before starting its upward movement. - External Liquidity: This region below the current price might have acted as a liquidity sweep, further confirming the bottoming pattern. 3. Fair Value Gap (FVG): - The chart identifies a FVG (Fair Value Gap) around the $56,000 level, which could act as an area of interest. Price has filled this gap, possibly signaling the completion of its downward move. 4. Market Structure: - The market appears to have tested lower liquidity levels and rejected them, potentially signaling that a local bottom has been established. The price action shows consolidation in the entry area, indicating accumulation before a potential upward move. This trade idea would be well-suited for traders anticipating a medium-term bounce after Bitcoin’s recent downward movement.
Long
by SerenityEquity
#Bitcoin 1D chart updated;CRYPTOCAP:BTC 1D chart; Let's do a general #Bitcoin analysis; Bitcoin hasn't had a daily EMA (50-200) crossover in a little over 11 months. However, if it continues like this, it will experience a Dead Cross cross in a few days. This can also be interpreted as a bearish signal. This intersection does not mean that it will fall 100%, but it is one of the strong signals. Bitcoin continues its downtrend after its historic peak, making continuous lower highs. I would like to draw your attention to the MSS levels; they signal a trend reversal. The last upward trend reversal happened and it hasn't changed to the downside yet. For this to happen, a close below the +OB level of $56000 is required. Then the downside MSS will take place. Following this closely will give you an idea of the possible trend direction. It last tested the $49000 level with a hard pin. This is the OB resistance. We see that this area is working well. I still think that the $48000 level, which I have mentioned every time (unless there is no contrary data), can be retested. However, if there is a close below it, the OB at $42000 and the BPR (Balance Price Range) at $41000, just below it, could be tested. These are not possibilities that I expect, I just want to let you know that these levels exist. In a possible dire scenario, these levels can be targeted to determine entry points.
by ugurtash
140 Days into the 2024 Post-Halving for $BTCWe have 47 days until the new CRYPTOCAP:BTC ATH. Watch for pressure driving the price down as there is a high potential to retest the $50-52k range within the next 9-10 days. Avoid capitulation if possible. Historically, the parabolic phase of this cycle will start within the next 4-5 weeks. ---------- Key Notes: - Holiday Prediction Levels - Halloween | 2024 | GETTEX:82K Thanksgiving | 2024 | $105k Christmas | 2024 | $142k New Years Day | 2025 | $185k - 500 D ATH Prediction Levels - Bear | $110k Base | $200k Bull | $314k - 280 D ATH Prediction Level - Realist | $148k ---------- Prediction indicators based on historical data from the 3rd Post-Halving cycle. Institutional, Micro, Macro and Seasonal economic pressures from either direction could blow this off course. I am hopeful the pending September 2024 Fed Rate cut will move the new ATH up by 10-15 days and result in a higher retest low before going parabolic. ---------- Indicator used is LuxAlgo's historical price prediction indicator, Date is 9/5/20 used on a daily chart with a growth factor of (1). The BLUE trend line is traced over the 2020/2021 parabolic phase of the 3rd bull cycle.
COINBASE:BTCUSDLong
by RILOBUYLOW
2
#BTC/USDT Bounce Incoming! Futures Trade Setup!#Bitcoin : 10/10 So far! Bounce seems highly likely at this level. RSI Bullish divergence in the hourly chart. But of course, no one knows for certain in this kind of market! Invalidation:- Daily close below $54018.18! If you're looking for a swing Trade, $54890 to 56150 is a good range to accumulate long on spot! Futures Setup Here:- There's a higher chance of this setup getting invalidated if we lose 55500 again so be careful to try to keep your entry as low as possible to keep your Stop Loss small. Always use leverage below 5x! Entry:- $56150, (50% entry) $55700, (20% Entry) $54890 (30% Entry) Targets:- $57155 $57855 $58200 $59544 Stop Loss:- $53854 This is a risky trade so always do your research this is not financial advice. Do hit the like button if you want me to post more! Thank you PEACE
Long
by Cryptorphic
2
Bitcoin LevelsBitcoin looks to test the bottom of our channel once again at around 54k and declining. Below that we have our 50 week moving average at 53.3k. It is possible that the bears make one more attempt to provide a solid kiss to our neckline at 48.4k. These are your levels of support. As such I have removed all stops from my current positions. This is probably simply another long liquidation event and it is more than annoying. I don’t want to play that game and will sit the sidelines here until the MMs are done.
INDEX:BTCUSDShort
by stewdamus
BTC 1H BTC/USDT Analysis: Hourly Timeframe 📊 This chart highlights potential buying and selling opportunities based on forecasted movement of Bitcoin (BTC) on an hourly timeframe. Let’s analyze the key moments indicated by the green (Buy) and red (Sell) forecast lines. 🟢 September 5, 2024, 06:00 AM - Buy Date (Green Line): This is a potential local low, indicating that it may be a favorable time to start accumulating long positions in BTC as the price is expected to drop leading up to this point. 🟥 September 6, 2024, 07:00 PM - Sell Date (Red Line): This date represents a local peak, suggesting an optimal moment to take profits or tighten stop-losses, as a price correction is likely to follow. 🟢 September 7, 2024, 06:00 PM - Buy Date (Green Line): Another opportunity for long positions as a local bottom is anticipated around this time, potentially providing favorable entry conditions for buying Bitcoin. 🕒 Note: All times are based on Los Angeles time (UTC -7). A margin of error of 1-2 candles may exist depending on the timeframe. Always cross-check this analysis with higher timeframes for a more comprehensive view.
by trushkovskiy
Imminent rebound for BTC in the next 24 hours! A strong sun will shine over Bitcoin in the next 24 hours, signaling bullish market conditions! ☀️ The price of Bitcoin rose 1 percent to $57,277 over the past 24 hours and still has the potential to go up. The 12 spot Bitcoin exchange traded funds (ETFs) listed in the US have posted outflows totaling almost $800 million dollar over the past six trading days, data from Sosovalue shows. Investors now await cues from the upcoming US job figures being released tomorrow. Analysts expect 160,000 jobs to have been created outside the US farming sector in August, up from 114,000 jobs in July. Yet, over a one-week time horizon, drizzle will linger over Bitcoin, signaling downside potential. 🌧 Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
BTC / HOW TO USE MY PREDICTION🟢 The green line indicates that “by this time/date,” the asset is likely to decrease (downward movement). This means it’s an optimal time to accumulate long positions (futures/spot depending on your deposit and risk management). Remember, we do this in parts since you don’t have additional indicators or experience to rely on. 🟥 The red line indicates that at this time/date, it’s best to adjust stop losses and/or close your positions (spot/futures). A price correction is expected afterward. You should understand that higher timeframes (4 hours/1 day/week) are ideal for long-term investments. They help to identify the best days for accumulating positions and pinpoint peak dates for profit-taking. Take into account that the forecast module works perfectly when paired with two other indicators: the trend filter and the position open/close indicator. P.S.: Keep an eye on the lower chart (forecast module indicators), as I might make a mechanical error and place the wrong color line at the top or bottom! TOP = RED LINE = SELL BOTTOM = GREEN LINE = BUY I also increasingly use varying line thickness with labels like “1h/4h/1d.” Pay attention, earn, verify, enjoy the results, and don’t forget to spend the profits! Main recommendations: 1. Buy or sell after an impulse or at least some movement in our direction. 2. Focus on the day of the impulse, not the exact time. Time is provided for traders who are more experienced and can monitor for the perfect entry. 3. All charts are in Los Angeles time zone (UTC-7), which means a -10 hour difference from Kyiv. 4. Date in the US format: month/day/year, time — e.g., 12/01/24 01:00. 5. The green line indicates that the price will likely decrease by this moment, meaning a more favorable price for entering a spot position or shorting before this point. 6. The red line indicates a peak price by this moment, meaning it’s time to close longs and/or open shorts. Important: It’s best to verify the analysis from higher to lower timeframes, and always check the forecast closer to the indicated date, as slight discrepancies might occur in more distant forecasts.
INDEX:BTCUSD
by trushkovskiy
BTC Daily - Key Levels for Bulls and BearsOn the daily timeframe, we’re closely monitoring Bitcoin at pivotal levels. A **green line** indicates a strong buy opportunity where bullish pressure might emerge. Meanwhile, a **red line** marks a critical sell zone, where bears most probably would step in to push the price down. These levels are essential for planning both long and short positions, providing clear signals for potential moves in either direction. Feel free to drop a comment, boost this post if it helps, and hit that follow button for more trading ideas and insights!
BINANCE:BTCUSD
by Remora_traders
BTC/USD Bearish Continuation with Head and Shoulders PatternThe BTC/USD chart indicates a continuation of the bearish trend due to the appearance of a Head and Shoulders pattern on the 1-hour timeframe. This classic reversal pattern, combined with the price breaking the neckline, suggests that more downside could be expected. 🔻 Key Pattern Insight: The Head and Shoulders pattern is a strong indicator of a potential downtrend. With the neckline already broken, the market is likely to maintain its bearish momentum. 📊 RSI Analysis: The RSI is currently in the oversold zone, indicating a possible temporary exhaustion of selling pressure. However, a confirmed bearish continuation may occur if the RSI moves above the 50 level, offering a better position for a sell entry. 📉 Target Level: I expect this downtrend to potentially lead to a price target of 54,725, which could act as the next significant support level. ---------------------------------------------------------------------------------- Additional Insights: The price is consolidating below the neckline, signaling that bears remain in control. If there's a retest of the neckline as resistance, it may offer another opportunity for short entries. Be cautious of potential short-term bounces due to the RSI in the oversold zone, but any move below 55,500 could further confirm the bearish sentiment.
BITSTAMP:BTCUSDShort
by ClearTradingMind
Bitcoin Set to Rally as Fed's Rate Cut Fuels Market OptimismOverview: Fed's Potential Rate Cut and Its Implications for Bitcoin The Federal Reserve's upcoming interest rate decision is creating waves across financial markets, with Bitcoin and other cryptocurrencies in the spotlight. According to analysts from Citi, the Fed is expected to announce a 0.5% rate cut in their September meeting, driven by weaker-than-expected job data and signs of a slowing economy. This dovish turn by the Fed has market watchers speculating about a potential rally in Bitcoin and altcoins, as lower interest rates historically ease market concerns and boost investor sentiment. Fundamental Analysis: Fed's Shift to a Dovish Stance Citi analysts highlight a significant shift in the Fed's focus—from battling inflation to supporting the labor market amid signs of economic weakness. The latest job data predicts that 125,000 jobs were added in August, with the unemployment rate expected to tick up to 4.3%. This data suggests a cooling labor market, which may prompt the Fed to cut rates by 50 basis points, marking a sharp pivot from its previous hawkish stance. This potential rate cut represents a broader easing of monetary policy, aimed at stimulating a slowing economy. Historically, such rate cuts have resulted in increased risk appetite among investors, pushing up asset prices across the board, including cryptocurrencies. As lower borrowing costs flow through the economy, investors are more likely to turn towards higher-risk assets like Bitcoin in search of better returns, especially when traditional safe-haven assets like bonds offer less attractive yields. Bitcoin’s Key Levels and Potential Rally On the technical front, Bitcoin's current price action suggests a potential break from its historically bearish September performance. Trading near the flatline at around $58,111, Bitcoin has shown resilience despite broader market volatility. Currently, CRYPTOCAP:BTC is trading above key support levels, with its 50-day moving average acting as a critical line of defense for bullish momentum. The Relative Strength Index (RSI) for Bitcoin sits near the neutral 50 level, indicating neither overbought nor oversold conditions, which aligns with a potential buildup towards a breakout. If Bitcoin can maintain its current levels and the Fed’s rate cut materializes, CRYPTOCAP:BTC could target resistance zones near $60,000 and eventually push towards $65,000. Key support remains at $55,000, which, if breached, could see Bitcoin ( CRYPTOCAP:BTC ) retesting lower levels around $52,000. Market Sentiment: Fed's Policy Pivot Could Drive Investor Interest Sentiment in the broader crypto market appears cautiously optimistic. With the Fed poised to ease monetary policy, investor confidence is gradually returning, as evidenced by the decline in the US 10-year Bond Yield, which fell 1.94% to 3.836%. As traditional markets respond to the Fed’s dovish stance, Bitcoin and altcoins stand to benefit from increased capital flows seeking higher returns in a low-interest-rate environment. Moreover, recent on-chain data indicates an uptick in accumulation by long-term holders, a positive sign suggesting that investors are positioning themselves ahead of a potential market rally. Despite Bitcoin’s historically subdued performance in September, this time, a combination of technical resilience and favorable macroeconomic conditions could help CRYPTOCAP:BTC defy the odds. Conclusion While uncertainties remain, particularly concerning the strength of the broader economy, the anticipated rate cut by the Fed represents a potential catalyst for Bitcoin’s next leg up. The combination of supportive technical indicators and a dovish monetary environment creates a fertile ground for a Bitcoin rally, as investors seek refuge in digital assets amid shifting economic dynamics. As we move into September, all eyes will be on the Fed's policy announcement and its impact on market sentiment. If the expected rate cuts unfold, Bitcoin could see a renewed wave of buying pressure, potentially driving prices to new highs despite the challenging historical trends of the month.
BINANCE:BTCUSDShort
by DEXWireNews