Btcusdbuy
BITCOIN - Detailed important scenario of the last crashOctober 2024 will be the lowest price achieved by Bitcoin in the next 6 months,
The this correction is the latest correction,
The inflation data that was released recently came in at 2.4, higher than expectations, which were 2.3, but lower than the previous reading.
Summary Inflation is falling, but at a slower pace than expected I mean, neither strongly negative nor strongly positive, remember Every correction is a new opportunity
I expect this correnction will continue to the area between 57k - 53k (0.236 fib - 0.382 fib) as shown in chart.
This will not happen directly because before this decline, Bitcoin will rise again to test the 0.618 level 61k shown in the chart, and I will be attacked because positivity will prevail in the atmosphere , but this will be a trap.
When this happens, most currencies will fall at least 20% from this point
Because throughout the history of Bitcoin, the month of October has always been a month of strong rise for Bitcoin and currencies..
Many have high hopes and wait for profits. The US elections are approaching too, and Trump's victory will make all markets rebound then btc will be negative in october positive in November!
To break the myth of uptober
Best regards Ceciliones🎯
BTC Price Set for Potential Bounce at Lower Bollinger BandBTCUSDT Technical analysis update
Whenever the price touches the lower Bollinger Band, it has historically bounced back. Currently, the price is approaching the lower Bollinger Band at the 59K-60K level (indicated by the yellow circle), suggesting a potential bounce from that area. If historical patterns hold, we can anticipate a short-term bullish reversal, with the price aiming for the upper Bollinger Band in the upcoming sessions.
Regards
hexa
BTC next move BTC gave a choch and bos conformation of small uptrend
market came without taking a supply from trend change area and there we can see FVG
so trend have to collect that FVG for continue sell trend
or break there structure for uptrend
📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me !
Best Regards , Davis 🥰
Hit the like 🤞🏻 button to !! Motive some energy !!🥇
📌 Note :
⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading
⨹ This is my pre and post market analysis to improve my trading journey 🚀
⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀
⫸ You are responsible for your trading ✅ not me ❌ ⫷
HAPPY TRADING 🥰
Bitcoin 70,000! Can Milton Stand in the Way?Bitcoin: 70,000 or 40,000?
Bitcoin is at a critical juncture, with the price poised to either break through to new highs at 70,000 or drop to as low as 40,000. Bulls are eyeing a breakout above key resistance levels, which could lead to a sharp move upward. However, bearish forces, including macroeconomic factors and potential market sell-offs, may push the price down toward critical support. The next move will likely be driven by major events, market sentiment, and global factors. Will Bitcoin soar or correct sharply? Stay tuned for the next big move!
(BTC) October predictions - BEAR & BULLHello Tradingview community!
As always: If these patterns I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
Alright.. the chart explains itself as you can see
We got 2 scenarios/targets for October:
Bull targets-> 66k-70k
Bear targets-> 52k-46k
I do find it more likely to go up than down.. Why?
Well Q4 in a bull market is usually heavy green and
especially towards a presidential election
Anyway, Keep in mind this is only an idea/prediction
that could easily be wrong in many ways.
I will update this post in the future!
BOOST if you like it and follow for more
NFA DYOR <<<<-----
Bitcoin Trading into Weekly FVG | Bottom might be inIn this video, I break down Bitcoin’s current price action as it moves into the weekly Fair Value Gap (FVG).
This could present a strong swing trade opportunity, aiming for long-term price targets of over $100,000! 📈
🔍 What to expect:
In-depth analysis of the weekly FVG zone
Evaluation of current market structure and potential support levels
Intraday perspective to identify short-term entry and exit points
Whipsaw coming as bitcoin consolidates the 50-60k levelForecasting a pullback to 50k, as i expect the out of the ordinary volume on 08/05/24- 15min, hourly, 4hr, & daily, to gravitate price back towards it; high volume candles are very likely to get backfilled due to orderbook instability- see yellow fib lines for source and measurement. This is not bearish. This is important for bitcoin to conquer this level as she gears to move higher. There are many things i cant fully articulate in my charts so if you have any questions let me know.
James
Technical analysis of Bitcoin. D1 21.09.2024Technical analysis of Bitcoin
On bitcoin, I have said many times on webinars that when the Fed rate is cut, the priority will be up for an overhigh. Now on the daily chart, the price has made a segment overlap upwards and formed a buyers zone. The correction may go to 57k-60k and then up to test highs near 70k. I do not expect a major fall on the background of the rate cut.
#BITCOIN is fine, Don't panic!Bitcoin continues to trade within a descending channel, with the current weekly candle showing a 7.17% drop, rejecting near the $65,000 resistance level.
The price has entered a Weekly Fair Value Gap (FVG) between $60,000 and $62,500, where we might see some buying support.
(FVG sare levels of liquidity gaps which the MMs eventually take before continuing the uptrend)
Explained more in my previous BTC/USDT Chart
However, a break below the invalidation level at $57,466.09 could lead to further downside towards the channel support.
Bulls need to HOLD the FVG to initiate a bullish breakout.
Invalidation Level:
An invalidation point is marked around $57,466.09. If the price breaks below this level, the bullish scenario becomes invalid, and further downside action is likely to follow.
There's also 200 MA support around the $59.8k level.
This is an important level to keep an eye on!
I think we will see a relief soon!
NOTE:-
Stop panicking! When the market pumps, everyone wants a dip, but when the dip comes, fear takes over. This is often a sign you're taking on more risk than you can afford.
Stay calm and focus on Altcoins, which often bounce hard after corrections. While Crypto Twitter was expecting a green October, the market makers threw in a surprise to start the month.
Expect a few days of downtrend and consolidation, followed by daily green candles.
That’s my view, not financial advice!
Let me know your thoughts in the comment section and do hit the like button sp it reaches more souls who need to read this!
Thank you
#PEACE
DXY and BTC/USDCurrently, we are observing a divergence between the U.S. Dollar Index (DXY) and Bitcoin (BTC/USD). This divergence is notable because the DXY is showing signs of strength while Bitcoin appears to be under pressure. Historically, there has been an inverse correlation between the U.S. Dollar and Bitcoin, with strength in the dollar often translating to weakness in Bitcoin and other risk assets.
Minimal ValuesMy Estimates for BTC this upcoming cycle.
October is gonna take a bit of time to see upwards momentum. We have about 1-2 weeks before markets rip. (October 15-21st).
Could start early as next week. (October 10th)
It takes around 200 days from last election cycle's October 1st to reach 1st peak in mid April 2021 in the cycle.
2nd peak (Full cycle peak) was 405 days after October.
If we copy the exact chart from the previous cycle's range.
1st peak in April 2025 at 115k
2nd peak is estimated in Nov 2025 as the final moment in the cycle at a minimum of 120k for BTC and do a blow off top. Could reach 180k then bear market starts all over again.
Note the reason I call it Minimal values is because this factors in 0% additional growth.
If the chart is exactly the same, that means 0 growth has incurred.
With growth ultimately scaling from individual countries slowly adopting to full blown global adoption, I'm going to keep myself within these minimal values and anything below would be, to me, considered an opportunity zone.
BTC REACHING LOWER HIGH BEFORE DIVINGYesterday we almost nailed to movement, to one key level too low, but globally to trend was good.
Now it is bouncing on the old key level of a few days ago and it has to go up after retesting that.
After this light blue pattern it should dive once and for all from 63640
BTC | LTF and HTF TargetsIf this zone cannot hold the price, it means that we have moved from the quick no retest rise phase to the deep retest phase.
The deep retest phase is the stage where traders who cannot catch the price during the rapid rise try long from everywhere to compensate for this.
If I try my luck here once and stopped out, I will wait for the real buyer and cheap zone below.
Was Bitcoin Growth Fake?Bitcoin is now correcting after breaking the important resistance of 65,000 and as long as it can hold at 62,000 and 59,000 there is no need to worry.
Therefore, we can hope for a green tomorrow for the cryptocurrency market, but in any case, it is better to be careful and take small and safe steps.
Bitcoin analysis today The possibility of correction How to enteBitcoin finally managed to reach the important and psychological price of 65,000.
Upon reaching this range, it is natural for some people to save and profit, and it is natural for loss limits to be activated in this range.
Therefore, we can have the possibility of correction from this support range, especially with negative divergence.
In this analysis, as shown in the chart, the support ranges were determined and its possible movement was also investigated.
#BTCUSD 1HBTCUSD (Bitcoin / US Dollar)
Timeframe: 1-Hour (1H)
Pattern: Channel
A horizontal channel pattern has been identified on the 1-hour chart of BTCUSD. This pattern is defined by two parallel trendlines, with the price bouncing between the upper resistance and lower support levels. The channel suggests that Bitcoin is trading within a range, with neither buyers nor sellers gaining full control, leading to stable price movement within the channel.
Forecast: Buy Within the Channel
The current forecast suggests a buying opportunity within the channel, particularly as the price approaches the lower boundary (support). Traders can look to enter long positions near the support level, aiming for the upper boundary (resistance) as a target. The pattern indicates potential profits through buying low and selling high while the price remains contained within the channel.
Technical Outlook:
Support Level: The lower boundary of the channel, where buyers are expected to step in and push prices higher.
Resistance Level: The upper boundary of the channel, which may serve as a target for bullish positions.
Key Levels to Watch: Look for bounces off the support line to confirm bullish entries, with resistance levels as the target.
Traders should be cautious of a potential breakout from the channel, which could shift market direction. Confirmation through bullish candlestick patterns or an increase in buying volume near the support zone would be ideal for entry.
As always, be mindful of Bitcoin-related news or regulatory changes that could cause sharp price movements and influence the validity of this channel trading strategy.
Bitcoin analysis today Today's important news Is Bitcoin pumped?In today's analysis of Bitcoin, we mentioned the most important resistance from the successive attacks of this digital currency.
Even though Bitcoin reached its most important resistance, we did not see much retreat from this currency, and this can be a sign of hope to break this important resistance.
The support ranges of Bitcoin are the prices of 62,000 and 60,000, respectively, which support this currency.