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Btcusdanalysis

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
BTC: Are we gonna see $70k once again?BTC Price Update: BTC showed a strong rebound from the support level, with a daily close at $61,685. The current price stands at $61,250, reflecting a solid 14% gain in a single day. We are likely to see BTC hitting the resistance level soon, with some minor corrections along the way. I expect BTC to consolidate in the $57.5k to $58k range before rebounding toward the resistance level. If the price experiences some corrections, it could be a good opportunity to accumulate more or re-enter into BTC. Remember, every dip in BTC is an opportunity. Do your own research before investing. Trade safely. Regards, Team Dexter #BTC #Crypto
by Dexter_The_Trader
LONG X 50 HIGH PRECISION ODER FLOW TRADINGBTC futures leverage x 50 LONG Entry Point : USD 53250 Target : USD 69700 Stop Loss : USD 52750 Stall Brake : ??? USD Leverage is extremely risky and must be executed with money that we are willing to lose or hit the stop loss. Trading is the only profession in which the only person responsible for our actions is ourselves, our worst enemy is ourselves, here there is no one to blame, this is not a collective work, the only one who presses the sell button buy and know how much you invest and where to put a stop to losses, it is you, and only you, so always remember that. Important note: THE LEVEL OF LEVERAGE OR LEVERAGE, the alert for taking early profits, loss stop adjustment and forced operation closure are not made by this means. And also remember to always have control over your losses, focus on this and you will last. Comment: WARNING!!!! I AM NOT A FUTUROLOGIST, I DO NOT MAKE PREDICTIONS, I DO NOT DO ANALYSIS, I AM 100% A MARKET OPERATOR, I WORK BASED ON MY EXPERIENCE, CONSISTENCY AND MY PLANNING IN TRADING. Leave a comment that is helpful or encouraging. Together we can dominate the markets.
BINANCE:BTCUSDLong
by ANTICRIPTOVENGANZA
Bitcoin's Falling Wedge: A Cautious Approach The cryptocurrency market is renowned for its volatility and unpredictability. While technical analysis tools like the falling wedge pattern can offer potential insights into price trends, it's crucial to approach them with a critical eye. Even after identifying a seemingly bullish pattern, several factors warrant caution when considering Bitcoin as an investment. The Falling Wedge: A Double-Edged Sword A falling wedge is a chart pattern that indicates a potential bullish reversal. It's characterized by a narrowing price range with lower highs and higher lows. However, it's essential to remember that patterns are not foolproof predictors of future price movements. They are merely tools to help analyze market sentiment and potential trends. Moreover, the formation of a falling wedge doesn't necessarily guarantee an immediate or sustained price increase. It's possible that the price could consolidate or even decline further before breaking out. Additionally, the cryptocurrency market is influenced by a multitude of factors beyond technical analysis, including regulatory developments, macroeconomic conditions, and investor sentiment. Fundamental Risks Persist Beyond technical analysis, Bitcoin faces significant fundamental challenges. The cryptocurrency's price volatility, energy consumption concerns, and regulatory uncertainties continue to pose risks for investors. • Volatility: Bitcoin's price has historically exhibited extreme volatility, making it difficult to predict short-term movements. While this volatility can create profit opportunities, it also exposes investors to substantial losses. • Energy Consumption: The energy required to mine Bitcoin has drawn criticism for its environmental impact. Governments and regulatory bodies are increasingly scrutinizing the cryptocurrency industry, which could lead to stricter regulations or even bans. • Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains unclear in many jurisdictions. This uncertainty can create legal and operational challenges for businesses and investors alike. Alternative Investment Opportunities Considering the risks associated with Bitcoin, investors may want to explore alternative investment options. Diversification is a key principle of sound investment strategy, and allocating assets across different asset classes can help mitigate risk. • Traditional Assets: Stocks, bonds, and real estate offer more established investment avenues with potentially lower volatility and greater diversification benefits. • Other Cryptocurrencies: While the cryptocurrency market as a whole is volatile, some altcoins may present more attractive risk-reward profiles than Bitcoin. However, thorough research is essential to identify promising projects with solid fundamentals. • Emerging Technologies: Investing in companies or funds focused on emerging technologies, such as artificial intelligence, biotechnology, or clean energy, can provide exposure to high-growth sectors. Conclusion While the appearance of a falling wedge pattern on Bitcoin's weekly chart might be tempting for some investors, it's crucial to maintain a cautious approach. The cryptocurrency market is highly speculative, and past performance is not indicative of future results. By carefully considering the risks and exploring alternative investment options, investors can make more informed decisions and protect their portfolios. Ultimately, the decision to invest in Bitcoin is a personal one that should be based on individual risk tolerance, investment goals, and a thorough understanding of the cryptocurrency market. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research and consulting with a financial advisor is recommended before making investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
BITCOIN STILL following the 2013 - 2017 Fractel - the latest I do not really need to say to much, the image says it all. As I have been saying for over a year now, I strongly believe THIS is what we are doing..... This is the Current Bitcoin PA with the 2013 ATH to 2017 ATH Fractal overlaid and you can see for yourself, it pretty well matches. There were some things that pulled PA Lower, like LUNA and FTX issues but here we are, taking a retrace in the same month and almost, so far, to the same % Drop So, Here is the PA from 2013 - 2017 and we have zoomed into where I think we are now in the 2024 cycle. The Two White Arrows in the main chart show these points This is now August 2016 - we have seen a sharp -28% Drop, PA leveled out, recovered a little and then. in September, took off to head to the Next ATH - December saw a Spike to a high, a dip back and then off we went. And Exactly the same is expected currently, with many saying September is when we really start moving and December is possibly a new ATH. Fractels work until they do not...and we have been following this one since Nov 2021 - that is a remarkably long time. And if it paints a true picture of what is to come, 2025 will be truly EPIC with the Next final ATH of this cycle at around $1Million I find that hard to believe but, Hey, if it happens, I am not going to say No.........
CRYPTO:BTCUSD
by Orriginal
No Mans Land, Trending more on the bearish sideCOINBASE:BTCUSD Bull Flag in Play: The daily chart shows a bull flag pattern still in play. Although there was a brief breakout above the flag, the price has since pulled back into the channel, indicating indecision. - Support and Resistance: - Support: The first target zone around $51,000 has been tested, providing immediate support. - Resistance: Key resistance lies near $60,000, which aligns with the 0.236 Fibonacci level. - Moving Averages: The 50MA is above the 200MA, which maintains a bullish outlook for now, but this is about to change if the price drops further meaning a Death Cross to come... - Volume Analysis: Volume has been relatively low during the recent price movements, indicating a lack of strong conviction from either bulls or bears. Outlook: - Bullish: If BTC can hold above the $51,000 support and push above $60,000, it may validate the continuation of the bull flag and target higher levels. - Bearish: However, if it fails to hold above $51,000, we could see a further decline toward the next key support zones around $45,000 (Target 2) or even $38,000 (Target 3). Conclusion: The current technical setup suggests a cautious approach. The overall trend remains bullish if BTC can maintain its position above the $51,000 level, but a failure to do so may indicate a bearish shift. Traders should watch for a decisive move either way to confirm the next significant direction.
COINBASE:BTCUSDShort
by CryptoFallen