Quick BTC UpdateHello traders,
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Regards,
Team Dexter.
Btcusdbuy
Exciting News: BTC Soars Around $36,000! SMA 50 > SMA 100 200The latest news is that BTC is currently hovering around an impressive $36,000 mark! This is a momentous milestone that demands our attention and calls for action.
Why am I so thrilled about this? Well, let me break it down for you. As seasoned traders, we understand the importance of technical indicators and trends. And right now, BTC is showing us some auspicious signs. The Simple Moving Average (SMA) 50 has surged higher than the SMA 100 and 200. This is a clear indication of a bullish trend, suggesting that BTC has the potential to continue its upward trajectory.
Now, I don't know about you, but this information has got my adrenaline pumping! It's the perfect opportunity to capitalize on the market movement and maximize our profits. So, without further ado, I urge you to consider joining the long BTC movement today!
By going long on BTC, we position ourselves to benefit from the potential price appreciation and take advantage of this bullish trend. As we've seen in the past, BTC has a history of remarkable surges, and this could be just the beginning of another significant upward movement.
So, here's the call to action: Take action now and seize this golden opportunity! Open your positions and go long on BTC. Don't let this thrilling moment pass you by. As traders, we live for these exhilarating market conditions; this is our chance to ride the wave of success.
Remember, trading always involves risks, and it's essential to conduct your own analysis and make informed decisions. However, with the current market indicators favoring a bullish trend, going long on BTC seems like a promising strategy.
As always, stay updated with the latest market news, monitor your positions closely, and adapt your trading strategies accordingly. The crypto market is dynamic and ever-changing, but we can navigate it successfully with a calculated approach and a touch of excitement.
#BTCUSDT Urgent Udpate.#Bitcoin Update: Didn't take much time for the retest.
Continuation is highly likely. However, if things go south, this is what am doing:
Made some insane gains in the last few days, I am happy and I'll just keep it.
Minimizing my exposure to futures and I am ready to DCA on the spot for my alt bags if that scenario comes out.
DYOR, NFA.
#Crypto
Follow me for more updates, I will be posting more altcoins in the next few days to buy in the dips.
Bitcoin Wyckoff Distrubution Schematic #1 - TOP IS IN -Bitcoin is finishing Phase C of our wyckoff distribution schematic #1. This indicates that whales have been selling bitcoin all the way up. Good chances we have finished the upthrust after distribution (UTAD).
03/24/23 Preliminary supply (PSY)
4/14/23 Buying Climax (BC)
4/24/23 Automatic reaction (AR)
06/15/23 Signs of Weakness (SOW)
07/13/23 Upthrust (UT)
11/15/23 UTAD
GLM looks good for Next MoveGLM looks good for Next Move
A resistance flip breakout trade is a trading strategy used in technical analysis, typically applied to financial markets like stocks, forex, or cryptocurrencies. Here's a breakdown of the components:
1. **Resistance**: Resistance is a price level at which an asset historically struggles to move above. It represents a point where selling pressure is significant, preventing the price from rising further. Traders often use resistance levels to make trading decisions.
2. **Breakout**: A breakout occurs when the price of an asset moves above a key level of resistance. It signifies a potential shift in market sentiment and the possibility of an uptrend. Traders seek to capitalize on breakouts for potential profit opportunities.
3. **Flip**: In the context of trading, a "flip" refers to a change in the role of a support or resistance level. For instance, a resistance level that was previously preventing the price from rising may "flip" to become a support level, helping to keep the price from falling too far. This change in role can indicate a strong shift in market dynamics.
A resistance flip breakout trade, therefore, involves:
1. Identifying a resistance level on a price chart.
2. Monitoring the asset's price action as it approaches this resistance level.
3. Executing a trade if the price breaks decisively above the resistance level, signaling a potential trend reversal or continuation.
4. Additionally, traders may use the former resistance level as a new support level to manage their risk and set stop-loss orders.
This strategy is based on the idea that when a resistance level flips to become a support level, it can provide a strong foundation for a new upward trend. However, like any trading strategy, it carries risks and requires careful analysis and risk management. Traders often use technical indicators, chart patterns, and other tools to confirm potential breakouts and validate the strength of the resistance flip.
Blue means go [long]On the reverse pmarp it show blue and that means a lot of buying has occured. That is a good sign that things could get to $38,000 to $42,000 in the weeks ahead. On the four hour the overselling has occured and now it's time to buy anywhere down here. Please try to stay in the game until the overbuying occurs. Be careful and trade safe.
Bitcoin Price Nears $35,000 Support Amidst Market Correction"The current Bitcoin price is trading at $35,536, officially confirming a correction in the downward trend. The convergence of Moving Average Convergence Divergence (MACD) indicators shows bars extending below the 0 line, and the MACD line moving below the signal line, signaling the intersection in the official downtrend. The intensifying downward trend causes altcoins to nearly drop below $35,500 before bouncing back above the crucial support level.
However, this recovery may not be sustained in the upcoming trading sessions, potentially leading to a further decline in BTC value. The next major support level is the local support line at $33,901, which could push the Bitcoin price down to $31,507.
Yet, if broader market signals attempt to bring optimism to the cryptocurrency space, BTC may escape the $33,901 support level to avert a crisis. Reclaiming $35,000 as support would weaken the bearish stance, propelling the cryptocurrency above $35,500 and targeting $40,000.
BTC/USDT & CPI: Bitxer's Wisdom for Post-Data Trading! Certainly, here's a detailed analysis:
📊 **BTC/USDT Pre-CPI Analysis:**
- **Anticipating CPI Influence:** If CPI data falls below 3.3%, a potential market rise is expected in BTC/USDT.
- **Key Levels:** Identified downside points at 34192.94 and 31460.65, while upward trends noted at 38417.99 and 41933.98.
📈 **Post-CPI Trading Strategy:**
- **Trade Direction:** Consider both long and short positions post-CPI data confirmation.
- **Risk Mitigation:** Use caution, employing low leverage and limited funds for a secure approach.
🌐 **Market Behavior:** Post-CPI announcements can prompt swift market movements. Adapting your strategy post-confirmation is vital for risk management and profitable trades. Stay alert and trade wisely! 🚀📉💡
BTC Surges to $37,900 on Optimism Over U.S. Regulatory Approval"Bitcoin hits $37,900 for the first time in a year and a half, driven by expectations of U.S. regulatory approval for a Bitcoin spot exchange-traded fund (ETF). Trader sentiment improves as the U.S. Securities and Exchange Commission (SEC) reviews 12 Bitcoin ETF applications.
At the time of writing, Bitcoin is trading at $36,683 on Binance. The market-leading cryptocurrency has seen a nearly 5% increase in value over the past week.
BTCUSD: Funds' Bitcoin holdings hit record as ETF predictions Amidst increasing market excitement around the potential adoption of a spot ETF in the US, the total amount of Bitcoins held by funds has reached an all-time high.
ByteTree data indicates that in October, holdings of Bitcoin in funds reached a new high of 863,781 BTC, or around $31.71 billion, up more than 20,000.
ProShares' Bitcoin Strategy ETF (BITO), with 47,949 BTC valued at $1.41 billion, is the ETF that possesses the most Bitcoin, according to ByteTree.
One of the biggest winners from the current market frenzy was BITO last week.
Other investment products with BTC worth $960.14 million, $756.08 million, and 603.95 million, respectively, include Bitcoin Exchange Traded Crypto (BTCE), Bitcoin Tracker Euro (XBTE), and Bitcoin Tracker One (XBT).
⭐ BTC ⭐BTC FOR 24 WEEKS
new bitcoin update for coming weeks, we will experience a logical trend in the rise of bitcoin for 24 weeks, everything is clear on the chart and the indicators also confirm, I hope we see higher numbers and get new news and ETFs is confirmed, At that time, the chart can be checked again
Bitcoin (BTC) Long SetupOKX:BTCUSDT.P Long
On passing the 38950 level
TR 1/4 46764
TR 1/4 48884
TR 1/4 58985
Interested in your opinion on this algorithm of actions
Long
deposit 20% of the asset
order 20% of deposit
leverage ×20
cross margin
take profit 25+-% of order
stop loss 5+-% of order
de los 1% of deposit
RR 1 to 5
Entry on positive news background
+
At positive trendsetters support
+
No nearby reports, speeches
+
Bullish chart and candlestick patterns
+
A pool of indicator indices signalling an uptrend
#DYOR
BTC Support at $36,300 - It's Time to Long BTC!
Now, I know you're already aware of the immense potential that Bitcoin holds, but let me emphasize just how exciting this development is. The $36,300 support level is not only a strong foundation for BTC's price, but it also signifies a potential bullish trend that could propel the market to new heights. Can you feel the excitement building up?
So, why should you consider taking advantage of this opportunity and longing BTC? Here are a few compelling reasons:
1. Support Level: The $36,300 support level has proven to be robust, indicating a strong buying interest from the market. This support acts as a solid base, reducing the likelihood of a significant price drop and increasing the potential for an upward movement.
2. Bullish Momentum: The support at $36,300 coincides with a bullish sentiment in the market, as more and more traders are recognizing the long-term value and potential of Bitcoin. By joining the growing number of traders who are longing BTC, you can ride the wave of this positive momentum and potentially maximize your gains.
3. Long-Term Growth: Bitcoin has consistently demonstrated its ability to bounce back from market downturns and continue its upward trajectory. By taking a long position at this crucial support level, you position yourself to benefit from the long-term growth potential of BTC.
Now, don't let this exciting opportunity slip away! It's time to take action and capitalize on the potential gains that longing BTC at $36,300 can offer. Remember, trading always involves risks, so it's essential to conduct your own analysis and make informed decisions based on your trading strategy and risk tolerance.
If you're ready to seize this moment and embark on an exhilarating journey with Bitcoin, I encourage you to consider opening a long position on BTC today. Take advantage of the current support level and position yourself for potential profits in the days and weeks to come.
BTC UPDATEBTC UPDATE: BTC is currently holding support of the imbalance that just filled on 4hrs TF…. In as much BTC hold this support we are good but if we lost the support definitely means we will need to filled the imbalance at 31.8k….. what I will say is BTC will hold this support for awhile and consolidate before we see some correction reason is if BTC falling in a straight line from here without consolidation will make alts to suffer and that can bring some to another lower lower and move lower low start forming on alts is not good for market which means everything is bearish again so let’s watch to see how BTC hold this before we enter new trade