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BTC Hovers Around $28,000: An Opportunity for Long Positions?As we navigate through these uncertain times, it is crucial to approach the market with caution and carefully consider our trading strategies. Bitcoin has shown remarkable resilience in recent months, despite the ongoing volatility. With its recent stability around the $28,000 level, some traders may view this as an opportunity to explore long positions. However, it is important to approach this decision with a cautious mindset, considering the inherent risks involved in cryptocurrency trading. While the current price level may seem attractive for long positions, it is essential to thoroughly analyze market trends, conduct technical analysis, and evaluate any potential catalysts that may impact Bitcoin's price movement. As traders, we must always remember that past performance does not guarantee future results. Considering the current market conditions, I encourage you to take the following steps before making any trading decisions: 1. Conduct thorough research: Stay updated with the latest news and developments surrounding Bitcoin. Evaluate market sentiment, regulatory changes, and any significant events that may influence BTC's price. 2. Perform technical analysis: Utilize various technical indicators and chart patterns to identify potential entry and exit points. Implement risk management strategies, including setting stop-loss orders, to protect your capital. 3. Diversify your portfolio: Consider spreading your investments across various cryptocurrencies and traditional assets to mitigate risk. This approach can help safeguard your portfolio against potential downturns in the crypto market. 4. Consult with trusted sources: Seek advice from reputable experts, financial advisors, or fellow traders to gain different perspectives and insights. Engage in discussions within trading communities to enhance your knowledge and refine your strategies. Remember, trading cryptocurrencies involves inherent risks, and it is crucial to make informed decisions based on thorough analysis and risk management practices. Be mindful of the market's unpredictability and never invest more than you can afford to lose. In conclusion, while Bitcoin's stability around the $28,000 level may present an opportunity for long positions, I urge you to approach this decision with caution. Conduct thorough research, perform technical analysis, diversify your portfolio, and seek advice from trusted sources before making any trading decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
BTC long-term: POTENTIAL SCENARIO!Because there are so many incorrect charts floating around, I decided it was time to create a long-term chart. I believe that the logarithmic chart's right fit is a square root function, which indicates that the growth is slowing over very long durations. BTC can't just keep expanding exponentially. In 2025, this would result in outrageous pricing in the millions. I am a long-term bull on bitcoin, but one must maintain reality. The halvings are what drive these growth cycles since they always result in a supply shock and a subsequent rally. Of course, these are all just estimates, but I believe this chart to be accurate. BTC's long-term target is, in my opinion, about 150K USD in 2025 or later. It can be considered the last asymptotic price because it won't increase any further after that. After the halving, the market experienced a roughly 1000-day bull and bear run. Using historical data, we can determine that Bitcoin entered the subsequent halving at a point that was almost 50% below its peak. In light of this, the price of Bitcoin may reach close to $35,000 before the subsequent halving. I hope this graph clarifies how BTC's long-term growth dynamics work. Only in a probabilistic approach, this concept
BITSTAMP:BTCUSDLong
by CRYPTOMOJO_TA
23
Cautionary Note on Recent BTC Liquidation PumpIt has come to my attention that a massive short liquidation pump of 32 million BTC occurred, pushing the price above $28,000. While this may seem like a positive momentum, it is crucial to exercise prudence and wait for clarity before making any hasty trading decisions. The sudden surge in BTC price may be enticing, but it is imperative to take a step back and evaluate the potential consequences of such a pump. We must remember that market manipulation is a real concern, and this recent event raises red flags that require careful analysis. Therefore, I encourage all traders to pause their BTC activities momentarily until we can gain a clearer understanding of the situation. It is essential to assess the potential impact of this short liquidation pump on the overall market sentiment and trading volume. By exercising patience and restraint, we can avoid falling victim to any potential traps or false indicators. To ensure the safety of your investments and maintain a cautious approach, I recommend the following actions: 1. Monitor the Market: Keep a close eye on BTC's price movement, trading volume, and any significant news or developments that may provide clarity on the recent pump. Stay informed and updated through reliable sources. 2. Analyze the Volume: Pay attention to the trading volume accompanying the recent pump. Positive momentum should ideally be supported by a corresponding increase in volume. Wait for confirmation and clarity on the volume patterns before making any trading decisions. 3. Consult Trusted Sources: Seek insights from reputable analysts, experts, and fellow traders to gain a broader perspective on the situation. Engage in discussions and share your thoughts with others to collectively navigate through this uncertain period. Remember, in times of ambiguity, it is better to err on the side of caution. By pausing BTC trading momentarily, we can protect ourselves from potential risks and make more informed decisions when the market sentiment becomes clearer. Your safety and success in the trading world are of utmost importance to us. Let us approach this situation with vigilance and patience, ensuring that we make well-informed choices based on accurate information and market indicators. Should you have any questions or concerns, please do not hesitate to comment away. Together, we can navigate through these challenging times and emerge stronger. coinpedia.org
BITSTAMP:BTCUSDLong
by bryandowningqln
4
BTCUSD 1D : still trade above support zoneBTCUSD New forecast Bitcoin, the largest digital currency in the world, trade in the narrow area between the support zone 24828 - 25820 and resistance zone 28345-28900 and its trading between them sine 20 Aug After it failed to breaching the support zone many times . Technical Abstract : as we see in the chart the price of BTC trade at the bullish channel for a long time and now trade above strong support zone 24828 - 25820 level. so now we expect that as long as price trade above that zone the price will rise up and build a positive momentum for long term and our target will be 28902 and above that will reach 31044 . Therefore the bullish trend scenario will be remain valid effective supported by bullish channel and strong support zone ,Remembering that stabilized under 24828 will end the bullish attempts and will start the negative attempts. Support line : 25820 , 24828 Resistance line : 28345 , 28902 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EIGHTCAP:BTCUSDLong
by Arazmajeed
14
Bitcoin & Beyond: In-Depth Market Analysis and InsightsIn the ever-evolving landscape of global investments, knowledge is power. Understanding the intricate web of financial markets, commodities, and cryptocurrencies requires a comprehensive approach that encompasses both technical and fundamental analysis. In parallel with the publication of articles on Seeking Alpha, we are pleased to announce a new chapter in our company's history and begin publishing articles in TradingView, providing its readers with an in-depth analysis of major asset classes, including commodities, currency pairs, and cryptocurrencies. Moreover, articles published on this platform will include fundamental and technical analyses of companies operating in vital sectors such as industrials, consumer staples, commodities, technology, and healthcare. Technical and Fundamental Analysis: Unraveling Investment Potential Commodities and Currencies: Bridging Traditional and Digital Economies The commodities market, often regarded as the backbone of global trade, encompasses a diverse array of raw materials, from precious metals to agricultural products. Meanwhile, the foreign exchange market pulsates with the energy of currency pairs, reflecting the dynamics of international economies. Our analysts will employ technical tools and delve into fundamental factors to decode the complexities of these markets, empowering readers with insights into price trends and economic indicators. Cryptocurrencies: Decoding the Digital Frontier In the era of digitization, cryptocurrencies have emerged as a revolutionary asset class. Our experts will conduct in-depth analyses of various cryptocurrency pairs, exploring blockchain technology, market sentiment, and regulatory developments. By merging technical patterns with fundamental principles, we aim to provide a comprehensive view of the crypto landscape, assisting investors in navigating this volatile yet promising domain. Company Analysis: Illuminating Investment Choices Within the realm of equities, understanding specific sectors is paramount. Our team will scrutinize companies operating in pivotal sectors such as industry, consumer goods, commodities, technology, and healthcare. Through meticulous fundamental analysis, we will dissect financial reports, assess competitive positioning, and evaluate growth prospects. Additionally, technical analysis will be applied to gauge stock price movements, aiding readers in making informed investment decisions. Empowering Investors with Knowledge On the TradingView platform, we recognize the significance of informed decision-making. Through our newly introduced articles on technical and fundamental analysis, we aim to demystify the intricacies of various asset classes. Whether you are a seasoned investor or a novice exploring the financial world, our analyses will serve as valuable guides, equipping you with insights that transcend market noise. Stay Tuned for In-Depth Insights Embark on a journey with us as we embark on this analytical venture. Our commitment to delivering accurate, timely, and insightful content remains unwavering. Through our articles, we will not only navigate the ebbs and flows of traditional and digital markets but also illuminate the pathways to prudent investment choices. Together, let's unravel the mysteries of the financial world and empower ourselves with knowledge that drives smart investment strategies. Stay tuned for a wealth of in-depth insights that will shape your investment journey like never before. Let's move directly to the analysis of Bitcoin. Technical analysis In the short term, we expect the digital gold pump to continue and reach $29.2k before the wave 4 correction is completed. After that, the price of Bitcoin will continue its movement, trying to close the gap in the CME, which has remained open for several weeks, attracting the attention of short sellers. By early November, impulse wave 5 is expected to be completed, reaching a strong support zone in the range of $24,400-$24,600, where we plan to reopen long positions with the goal of closing them above $40,000 per Bitcoin. Overall, the $34K-$34K zone is the Big Wall separating us from the start of the new Bull Run. Financial market participants will need significant effort to overcome this price level as China's post-COVID-19 economic recovery is too slow. Fundamental Analysis The first thing we should pay attention to is the cost of production of Bitcoin since this indicator demonstrated high accuracy in indicating price support zones upon reaching which the bullish trend resumed. In the chart below, we draw attention to two important lines. Pink line. According to Glassnode, the current estimated cost of production is $15,123. Purple line. After the Bitcoin halving, which is expected to occur at the beginning of the second quarter of 2024, the cost of production of one BTC will be $30,247. Given the continuing trend of sharp increases in Difficulty and Hashrate in recent weeks, we believe that many of the smaller miners will leave the market, "transferring" their share to such industry mastodons as Marathon Digital Holdings, Riot Platforms, Hut 8 Mining and Cipher Mining. On the other hand, geopolitical tensions in the world and the weak pace of economic recovery in China have a negative impact on the aggregate balance of Whale entities, which has continued to decline in recent months. Conclusion We believe that central bank policies that aim to continue raising interest rates to combat inflation will have a short-term negative effect on the price of Bitcoin. One reason for this is the desire of institutional investors to continue investing in less risky assets that can provide high returns and protect against inflation. These types of investments are fixed coupon bonds and high dividend yield stocks. On the other hand, we are confident that the Federal Reserve's interest rate cuts, which are expected to begin in 2024, will lead to greater interest from the Wall Street financial community in cryptocurrencies. Moreover, recently, the Securities and Exchange Commission has already started considering the issue of approving spot Bitcoin ETFs from such giants as BlackRock and Fidelity. Analyst’s Disclosure: This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
CRYPTO:BTCUSD
by AisenQuantum
1
BTC.D Predicts 38K BTC SoonI have been tracking the BTC.D Wyckoff Accumulation 3 Days Chart since last year and have posted its progress through all the Wyckoff Phases regularly. It's time for another update on this. So, in my last update we have seen BTC.D break up from the Accumulation zone and hit first resistance. Now it has come back down to test the Breakout zone. As per the Wyckoff model, this is where the actual breakout happens. Also, I have highlighted that BTC.D has been moving up in an upwards parallel channel and you can see what happens to BTC when BTC.D taps the lower edge of the parallel channel. It has tapped the lower edge three times in the past since the 15K bottom which resulted in an average move of approx 45% in coming days and weeks. If this pattern continues, we should see 38K BTC very soon.
CRYPTOCAP:BTC.DLong
by zakoraio
5
BTC Targets $30k as Long-Term Holders Hit Record!I've got some exhilarating news to share with you today that will surely get your adrenaline pumping. Brace yourselves, because Bitcoin (BTC) is on a rocket-fueled trajectory to hit an astounding target of $30,000! But that's not all – what makes this milestone even more remarkable is the surge in long-term holders that have propelled BTC to new heights. These steadfast believers in the power of Bitcoin have shattered records, demonstrating unwavering confidence in its potential for massive gains. Now, I know what you're thinking – "How can I get in on this action?" Well, my fellow traders, the time has come for us to seize this incredible opportunity and ride the Bitcoin wave to financial success! So, let's take a moment to appreciate the significance of this milestone. The fact that long-term holders are hitting record numbers is a testament to Bitcoin's resilience and the growing recognition of its value. It's a clear indication that the cryptocurrency market is evolving, and BTC is leading the way. Now, here's where the excitement truly kicks in – it's your chance to join the ranks of these visionary long-term holders and secure your spot in the Bitcoin revolution! By taking a long position on BTC, you position yourself to reap the rewards of its upward trajectory. If you've been waiting for the perfect moment to dive into the world of Bitcoin, this is it! Don't let this opportunity slip through your fingers. Embrace the excitement, embrace the potential, and let's embark on this thrilling journey together. Ready to take action? Here's what you need to do: 1. Conduct thorough research: Understand the fundamentals of Bitcoin and its potential for growth. Knowledge is power, and it will help you make informed decisions. 2. Choose a reliable trading platform: Find a trustworthy exchange that aligns with your trading style and offers the tools and security you need to execute your long positions. 3. Develop a strategic plan: Define your investment goals, set realistic targets, and establish a risk management strategy to protect your capital. 4. Execute your long positions: Once you've done your due diligence and are confident in your plan, take the plunge and enter the market. Remember, fortune favors the bold! 5. Stay informed and adapt: Keep a close eye on market trends, news, and any significant developments that may impact Bitcoin's trajectory. Be flexible and adjust your strategy accordingly. Remember, my fellow traders, the road to success is paved with excitement, determination, and calculated risks. BTC's target of $30,000 is within reach, and it's time for us to ride the wave of opportunity.
BITSTAMP:BTCUSDLong
by bryandowningqln
2