Bitcoin Almost Perfect DiamondDiamond is my favorite pattern, just noticed this one on the 15 min. Gunna have to be laser quick to catch the move.....going to be violant. Not advise, good luck. Lon on higher timeframes.....
BTCUSDC
BTC analysis daily Comrades, Bitcoin is stuck in the range of 25500 to 26800. It can be hit from any side. It can move in the same direction, but my opinion is on the fall and there are many more fall scenarios.
The targets I have for Bit in the medium term
$25,150
$24,330
$22,635
$21,615
$20,700
Will BTC Remain Range-Bound Around $22,000 in September?Introduction:
As the cryptocurrency market continues to captivate traders and investors alike, Bitcoin (BTC) has consistently attracted significant attention. With its recent price fluctuations, many traders question whether BTC will remain range-bound at around $22,000 throughout September. This article will delve into the factors influencing BTC's price stability and provide a cautious perspective for traders. Additionally, we will encourage readers to consider diversifying their investment portfolio beyond Bitcoin.
Understanding BTC's Range-Bound Behavior:
Bitcoin has experienced notable volatility in recent months, with its price reaching all-time highs and subsequently undergoing corrections. The $22,000 price level has emerged as a potential range-bound zone for BTC. However, it is crucial to approach this scenario cautiously and consider various factors that may influence Bitcoin's price stability.
1. Market Sentiment
2. Technical Indicators
3. Institutional Interest
Call-to-Action: Diversify Your Investment Portfolio
While Bitcoin may present lucrative opportunities, traders must diversify their investment portfolios beyond one asset. The cryptocurrency market is highly volatile, and alternative investment options can help mitigate potential risks. Consider exploring other investment avenues such as stocks, bonds, real estate, or commodities.
By diversifying your portfolio, you can reduce the impact of any adverse price movements in Bitcoin and potentially benefit from other asset classes' stability. Before making any investment decisions, conducting thorough research, seeking professional advice, and assessing your risk tolerance is advisable.
Conclusion:
While the $22,000 price level may serve as a range-bound zone for Bitcoin in September, traders must exercise caution and consider various factors influencing BTC's price stability. Market sentiment, technical indicators, and institutional interest play significant roles in determining Bitcoin's price movements. Additionally, diversifying your investment portfolio beyond Bitcoin can help safeguard against potential risks.
Blackrock Premium Indicator - BTCUSD (COINBASE) (Blackhole)
I have created a simple free indicator anybody can use that compares the Spot Price of Coinbase (BTCUSD) to the spot price of other major exchanges. (Disable the labels if you add this to your chart to save space)
The Coinbase (SSA) by the SEC means all institutional activity has to go through the spot Coinbase market meaning there's going to be billions of dollars worth of reassure on the Coinbase liquidity translating to there will be major premiums never seen before for Bitcoin on Coinbase.
This will in return will make Coinbase act like a blackhole where the gravity will pull in Bitcoin from all other market participants chasing the premium.
Any non US exchange such as
Binance that holds as of today, 565,387 BTC
Bitfinex 373,985 BTC
Will see their balances reduced dramatically, this will completely take over the entire Bitcoin commodity market and these other exchanges will be left with the dying alt coin market.
So the question is how high will the BTCUSD premium on Coinbase get if the Spot ETF's are approved next week? this is anybody's guess. But either way I'm becoming bullish on Coinbase even though I don't agree with their alt coin listings, the amount of fee volume they will experience will dwarf any competitors for the next year.
Coinbase will become the biggest Bitcoin custodian by magnitudes of hundreds of billions.
Bonus > for people trying to track this via stable coins it simply will not work, almost all of the SPOT ETF volume will be deposited funded by spot banking US Dollars. So the only possible way to track how this unfolds is comparing the Coinbase price to others.
Confluence of trend lines and support levelsI have an Elliott count chart with the idea of BTC not going lower than $23,300.
I publish this chart separately below, as it is so busy. I have an interesting possible confluence of trend lines and support lines that converge at roughly $23,300 which coincides with my Elliott chart.
About the multiple upward slanted trendlines. I drew my one core trendline in log scale. Then I searched for parallel trend lines that have multiple touch points to justify them. And that is how you can create them.
BTC Sideways Double Combo correctionMy current Primary count for BTC is a Sideways Double Combo Correction (WXY) for the wave 2.
Notice I put yellow Intermediate (A) and (W) next to (1). There is a possibility that BTC is actually putting in a large corrective structure.
The blue line is an anchored VWAP. I would not like to see BTC go lower than $23,300 . If it does, I'll probably move to my Secondary count which I do not show here.
I'm a CEWA level 1 Elliottician.
BTC Update ✔Hello Traders. Hope you are having a fantastic weekend. In 4H timeframe , as you can see
BTC has broken out of the wedge and as long as we hold the supports , we are good to go!
What are your thoughts?
Comment down below.
Trendlines and Support ResitanceI'm showing some trendlines that were respected by bitcoin. In addition, support/resistance lines. Watch out for them going forward.
BTC Cycle 1 & 2 | S2F | EMA 2W 100, 2W 30 OBV - CN10Y/ Credit
Waiting for this cycle to unfold I'm starting to see 2 repeats of the same scenario not 3-4 cycles like some believe they have lived through.
Cycle 1 & 2 both have this "accumulation" at the macro channel bottom hovering just under the
100 2 Week Moving Average
How this plays out is the 30 2 Week Moving Average clamps down onto the 100 right before making a strong reverse.
Between Cycles we see a "honey moon period" I'm not sure what else to call it, followed by a new cycle.
Watching the S2F this period is looking more like the start of a new cycle with 2 "Bull markets" inside the trend, both identical 100/30 MA.
Taking the credit movement CN10Y/DXY/M2 we see literally an exact match where Bitcoin has front run the expansion of credit before other assets. . This is what Bonds are supposed to do hence "bonds being the smart money".
I built and posted positions I started all around the 20k mark that extends out to 2025-2026 remember with assets like this time is your friend.
Options volatility is pretty much flat > bearish across the board with call options on BTC over 100k by mid 2024 all under the 80% mark.
On top of this Bitcoin miners are slightly more bullish on IV % but rounded up the market is in neutral.
Confirmation I'm looking for is at least $70,000 by end of year.
6D Left Most Important Close of 2023 - Can BTC Hold The Line.ETF
3.49863 Years for the macro 4W RSI to make the bull signal cross after a bear.
Currently 3 Years and Bitcoin is on the border of this once again, one of the longest long term signals in its history.
This cross is actually lining up almost perfectly to the Spot ETF applications fairy tale or fate?
Either way if we go through turbulence for longer and Bitcoin does not fall back in line people get another half year to accumulate at very cheap pricing.
But if this does hold and strength is shown, this will reverse and it will reverse hard to the highlighted green box.
"The inefficiency of Bitcoin"
November 2016
www.sciencedirect.com
"R.I.P., Bitcoin. It’s time to move on."
January 19, 2016 at 6:45 a.m. EST
www.washingtonpost.com
"Bitcoin (BTC) Price Fails To Recover – Is $17,600 Next?"
August 23, 2023
www.analyticsinsight.net
"Paradise lost? How crypto failed to deliver on its promises and what to do about it"
Basel, 23 June 2023
www.ecb.europa.eu
"Bitcoin Can Rise to $2000 in January 2017"
DEC 09, 2016
cointelegraph.com
BTC Price Continues to Lag Hourly Below SMA 50, 100, and 200 Despite recent fluctuations, the BTC price still struggles to break above the Simple Moving Averages (SMA) of 50, 100, and 200 hourly. This persistent struggle raises concerns about the current market conditions and prompts us to consider a cautious approach in the future.
The Significance of Simple Moving Averages:
Before we delve further, let's briefly discuss the significance of the Simple Moving Averages. These technical indicators help us identify trends and potential support or resistance levels in the market. The SMA 50, 100, and 200 are considered crucial indicators, often relied upon by traders to gauge the overall health of an asset's price action.
The Concerning Trend:
As we closely monitor the BTC price movement, it becomes evident that the cryptocurrency is struggling to gain momentum above the SMA 50, 100, and 200 hourly. This indicates a lack of bullish strength and raises concerns about the potential for a sustained upward trend in the short term.
The Importance of Caution:
Given the current market conditions, traders must exercise caution and consider pausing their BTC trading activities until the price demonstrates more favorable conditions. Although the cryptocurrency market is known for its volatility, it is equally important to recognize when the odds may not be in our favor.
Call-to-Action: Pause Any BTC Until Conditions Improve:
Considering the persistent struggle of BTC to break above the SMA 50, 100, and 200 hourly, it is advisable to pause any BTC trading activities until we witness a more favorable market scenario. We can mitigate potential risks by exercising patience, waiting for improved conditions, and making more informed trading decisions.
Conclusion:
As traders, we are responsible for closely analyzing market trends and adapting our strategies accordingly. The current situation, with BTC prices still below the crucial SMA 50, 100, and 200 hourly, raises concerns about the short-term outlook. We can safeguard our investments by pausing any BTC trading activities until conditions improve and potentially take advantage of more favorable market conditions.
Remember, being cautious and patient is better than rushing into uncertain market situations. Let's stay informed and make calculated decisions to ensure the long-term success of our trading endeavors.
Should We Ignore BTC's Recent Price Despite Current Negative MVRIntroduction:
Bitcoin (BTC) has established itself as a key player in the volatile cryptocurrency trading world. However, recent fluctuations in its price have left traders questioning whether they should pay attention to the negative Market-Value-to-Realized-Value (MVRV) ratio. This article explores the significance of BTC's recent price movements and cautions traders against falling into potential bear traps.
Understanding the Negative MVRV Ratio:
The MVRV ratio is a widely used metric in the cryptocurrency market that compares the market value of an asset to its realized value. When the MVRV ratio is negative, it suggests that most BTC holders are currently at a loss. This situation can often lead to panic selling and a downward price spiral.
Analyzing the Current Market Situation:
While the negative MVRV ratio may sound alarming, it is crucial to approach this situation cautiously. Remembering that cryptocurrency markets are highly speculative and subject to various external factors is essential. Focusing solely on the negative MVRV ratio may lead to overlooking other crucial indicators that can provide a more comprehensive understanding of the market sentiment.
The Bear Trap Phenomenon:
Bear traps are deceptive market situations where a temporary price recovery occurs within a declining trend. Traders who fail to recognize these traps may be lured into buying at higher prices, only to experience further losses when the trend continues downward. Therefore, awareness of the potential bear trap associated with BTC's recent price movements is vital.
Call-to-Action: Be Aware and Cautious!
As a trader, it is essential to approach the current market situation with a sense of awareness and caution. Here are a few key points to consider:
1. Diversify Your Portfolio: Avoid putting all your eggs in one basket. Diversifying your investments across multiple cryptocurrencies can help mitigate risk and provide a more balanced approach.
2. Conduct Thorough Research: Stay informed about the latest news, market trends, and expert opinions. This will enable you to make more informed decisions rather than relying solely on one indicator.
3. Set Realistic Expectations: Understand that cryptocurrency markets are highly volatile, and short-term price fluctuations are common. Avoid making impulsive decisions based solely on negative MVRV ratios or temporary price movements.
Conclusion:
While the negative MVRV ratio may raise concerns, it is essential to cautiously approach BTC's recent price movements. Falling into bear traps can lead to significant losses. By diversifying your portfolio, conducting thorough research, and setting realistic expectations, you can confidently navigate the market. Stay vigilant and make informed decisions to safeguard your investments.
Remember, in cryptocurrency trading, knowledge and awareness can be your most valuable assets.
The Bitcoin Price Dilemma: A Concerning Situation for TradersIntroduction:
The cryptocurrency market has recently witnessed a tumultuous ride, with Bitcoin (BTC) no exception. As traders, staying informed and vigilant about market conditions is crucial. The BTC price is trading below the Simple Moving Average (SMA), further exacerbated by negative HOLD rates. This article aims to shed light on this situation and urge traders to monitor potential low support levels below the $20,000 mark.
The BTC Price vs. SMA:
The Simple Moving Average (SMA) is a widely used technical analysis tool that helps traders identify trends and potential support or resistance levels. When the BTC price falls below the SMA, it often indicates a bearish sentiment in the market. Currently, Bitcoin is experiencing this very scenario, raising concerns among traders.
Negative HODL (also known as Holding) Rates:
HODL rates, which reflect the interest earned by holding cryptocurrencies, are essential in determining market sentiment. Negative HODL rates imply market participants are less inclined to have BTC, potentially increasing selling pressure. This further contributes to the downward pressure on the BTC price.
The Call-to-Action:
Given the current market conditions, traders must exercise caution and closely monitor potential low support levels below $20,000. While Bitcoin has shown resilience in the past, it is essential to remain proactive and adapt to changing market dynamics. Here are a few steps you can take:
1. Stay Informed: Keep a close eye on market news, technical indicators, and expert opinions. Stay informed about any significant developments that could impact the BTC price.
2. Utilize Technical Analysis: Leverage technical analysis tools, such as SMA indicators, to identify potential support and resistance levels. This can help you make informed trading decisions based on market trends.
3. Diversify Your Portfolio: Consider diversifying your cryptocurrency holdings to mitigate risk. Explore other promising cryptocurrencies or alternative investment opportunities that align with your risk appetite.
4. Seek Professional Advice: If you are uncertain about your trading strategy or need guidance, consult experienced traders or financial advisors specializing in cryptocurrencies. Their expertise can provide valuable insights and help you navigate through uncertain times.
Conclusion:
The BTC price trading below the SMA and negative HOLD rates is concerning for traders. It is imperative to closely monitor potential low support levels below $20,000 and adapt your trading strategy accordingly. You can better navigate these challenging market conditions by staying informed, utilizing technical analysis, diversifying your portfolio, and seeking professional advice. Remember, being proactive and well-informed is vital to making sound trading decisions.
Keep a watchful eye on the market and stay alert. Together, let's navigate this challenging phase and make informed decisions to safeguard our investments.
Aug.15-Aug.21BTC(1d)Weekly market recapThe strong performance of DXY has had an impact on many financial assets. US stocks, gold, foreign exchange and crypto have entered a callback. Powell will deliver a speech at the Jackson Hole conference this Friday, and the content of the speech will determine whether the strong DXY will be terminated.
In addition, the long-term fluctuation caused most tokens to dump last week. BTC and ETH almost covered the rise brought about by the BTC spot ETF. Many Alts came to the year-lows. Market confidence took a hit.
Last Thursday, BTC experienced a sharp dump, successively breaking through the lower rail of the range 29000, and the given support level 28000 and 27000. During the course of the dump, trading volume increased significantly. BTC turns neutral on a large scale. After the dump, the bulls did not increase significantly, and the price remained within a narrow range over the weekend. BTC now is near the level of early June. There is an accumulation zone that will provide bullish power.
Conclusion: There is a high probability that the fall has not ended. Although the bears have decayed, the bulls have not strengthened. So we came to this conclusion. We lower the resistance level to 28000 and the support level to 25000. If BTC breaks down to 25000, it will turn from neutral to bearish on a large scale.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Bitcoin's Crypto Forecast: Sunny Spells ☀️ Next Week ☁️? Bitcoin's journey through the global crypto market unveils mixed conditions ahead. In the next 24 hours, anticipate sunny intervals with scattered clouds 🌤️, suggesting a slightly bullish outlook and potential gains.
Zooming out to the week ahead, forecast shows cloudier ☁️ conditions, occasionally touched by rays of ☀️, for Bitcoin. This hints at the possibility of a slightly bearish trend with potential downsides.
Stay tuned for more crypto weather reports! ☔📊
Potential PO3 in BTC Dominance.Potential PO3 formation is present on the BTC dominance chart.
It's advisable to be cautious in the coming weeks.
Take a risk, make some profit!
Bitcoin Support at Fibonacci Level 0.618 - Take Action Now!The current market conditions have brought us to a critical juncture, and I firmly believe you must take immediate action.
BTC has recently reached a significant Fibonacci level, precisely at 0.618, indicating a strong support zone. This level has historically played a pivotal role in the price movement of Bitcoin, and we must pay close attention to it. As we speak, BTC is trading at around $26,000, and the potential target has been set at $24,721.
Given the gravity of this situation, I strongly encourage you to consider shorting BTC at this critical juncture. The confluence of the Fibonacci level and the target price presents a compelling opportunity for profit. However, proceeding cautiously and adhering to your risk management strategy is essential.
To maximize your potential gains, I recommend closely monitoring the price action as BTC approaches the Fibonacci level. Look for weaknesses like bearish candlestick patterns or a lack of buying pressure. These indicators can provide valuable insights into the market sentiment and help you make informed trading decisions.
Please note that this is intended solely for informational purposes and should not be considered financial advice. Always conduct your research and consult a professional financial advisor before making any trading decisions.
In conclusion, I urge you to seize this opportunity and continue shorting BTC as it approaches the Fibonacci level of 0.618 with a target of $24,721. You can capitalize on the current market dynamics by staying vigilant and making informed decisions.
August and September are optimal times for investing. Why?Hello, friends!
Today, let's delve into the analysis of Bitcoin, using historical data based on monthly performance. As many of you may already know, August and September stand out as some of the best months for investing in this cryptocurrency. And there are specific reasons for this. Allow me to share a few thoughts on this matter.
August and September are optimal times for investing. Why? Many people choose these months for vacations, leading to reduced market activity. Such a situation can contribute to price decreases. Specifically, this can be beneficial for those looking to create a cryptocurrency portfolio or invest additionally.
But let's not forget about the last months of the year! Approaching year-end, there is typically more market activity, as many investors return from breaks and relaxation. Thus, this might be a period when we can also anticipate price growth for Bitcoin, as indicated by historical data by month.
I'd also like to draw your attention to the chart, where I've marked potential zones where we might witness price changes. While I believe that a drop to the $20,000 level is unlikely, this is just my perspective. Therefore, we should always be prepared for various scenarios, as the cryptocurrency market always surprises us with its unpredictability.
bitcoin predictionBITSTAMP:BTCUSD i think we will see 30 k again , but this time this is last chance for bitcoin after that we will see 25000 dollar. good luck
Bitcoin's Continued Fall Below SMA 200Introduction:
In recent days, Bitcoin has experienced a significant decline, with its current value dipping below the Simple Moving Average (SMA) 200. This alarming trend has raised concerns among traders and investors alike. As a cautious trader, it is crucial to objectively analyze the situation and consider the potential risks before making investment decisions. This article aims to shed light on the current state of Bitcoin and provide a call to action urging individuals to exercise restraint when considering investing in this volatile cryptocurrency.
Understanding Bitcoin's Decline:
Bitcoin's fall below the SMA 200 signifies a bearish sentiment in the market. The SMA 200, a widely recognized technical indicator, represents the average price of Bitcoin over the past 200 days. When the price falls below this moving average, it suggests a potential shift in the overall market sentiment toward a downward trend. This development should not be taken lightly, as it may indicate further price depreciation in the coming weeks or months.
The Volatility of Bitcoin:
Bitcoin has always been known for its extreme volatility, with frequent sharp price fluctuations. While this volatility can present lucrative opportunities for some traders, it carries significant risks. The current decline below SMA 200 highlights the need for caution, as it suggests a potential trend reversal that could lead to further losses. Traders must weigh the potential rewards against the inherent risks before making investment decisions.
Call-to-Action: Hold Off on Investing in Bitcoin:
Given the current state of Bitcoin and its fall below the SMA 200, it is prudent for traders to exercise caution and hold off on investing in this cryptocurrency. Here are a few reasons why:
1. Market Uncertainty: The recent decline below SMA 200 indicates a shift in market sentiment, making it challenging to predict Bitcoin's future performance. Waiting for more stable market conditions before considering any investment is essential.
2. Risk Management: Bitcoin's volatility demands a proactive risk management approach. Holding off on investing allows you to assess the market's response to this decline, identify potential support levels, and determine a suitable entry point with reduced risk.
3. Diversification: Instead of solely focusing on Bitcoin, consider diversifying your investment portfolio across various asset classes. This strategy can help mitigate risks associated with any single investment, including cryptocurrencies.
Conclusion:
As a cautious trader, evaluating the risks and rewards associated with Bitcoin's current decline below SMA 200 is crucial. The volatility and uncertainty surrounding this cryptocurrency make it prudent to hold off on investing until the market stabilizes. By exercising restraint and considering alternative investment options, you can better protect your capital and make informed decisions in the ever-evolving world of cryptocurrency.
Remember, patience and careful analysis are essential when navigating the complex and unpredictable nature of Bitcoin and other cryptocurrencies.
BTC LONG TERM Since the end of March, the market has been experiencing a low-volume phase .
Currently, even though we observe a potential double top formation, the market is unpredictable.
Our $40,000 expectation remains unchanged, but before that, there are two highly possible scenarios:
1 - Making a new bottom around the $28,300 level and continuing its path.
2 - Performing a liquidity cleanup between $25,250 and $26,000 and continuing its path.
Whichever of these two scenarios unfolds, it will present a buying opportunity for us.
Concerned? BTC Support Levels at WMA 200 and Basic DMA 200BTC Support Levels at WMA 200 and Basic DMA 200: A Concerned Trader's Perspective
Introduction:
As the cryptocurrency market continues to captivate investors worldwide, staying informed about the latest developments and trends is crucial. This article will explore Bitcoin's support levels at the Weighted Moving Average (WMA) 200 and the primary Daily Moving Average (DMA) 200. It is essential to approach this analysis cautiously and be aware of potential short-term price drops. As a concerned trader, I urge you to consider the implications of these support levels and take appropriate action to safeguard your investments.
Understanding BTC Support Levels:
Support levels play a vital role in technical analysis, as they indicate a price level where buying pressure is expected to outweigh selling pressure, potentially leading to a price rebound. The WMA 200, currently at $28,424, and the basic DMA 200, at $27,282, are two critical support levels for Bitcoin.
The WMA 200 is a weighted average emphasizing recent price data, providing a more accurate representation of the current market sentiment. On the other hand, the basic DMA 200 considers an equal weightage of price data over the past 200 trading days, offering a broader perspective.
Concerns Regarding Short-Term Price Drops:
While Bitcoin has demonstrated impressive growth over the years, it is crucial to acknowledge the inherent volatility of the cryptocurrency market. Recent price drops have raised concerns among traders, emphasizing the need for caution—the support levels at WMA 200 and basic DMA 200 serve as potential indicators of short-term price drops.
Call-to-Action: Shorting BTC for Short-Term Price Drops
Given the current market conditions and the support levels at WMA 200 and basic DMA 200, it is prudent to consider shorting Bitcoin during short-term price drops. Shorting involves selling borrowed assets to repurchase them at a lower price, profiting from the price decline.
However, it is essential to approach shorting with a comprehensive understanding of the risks involved. The cryptocurrency market is highly volatile, and sudden price movements can occur, resulting in potential losses. Therefore, it is crucial to exercise caution and seek advice from experienced traders or financial advisors before shortening BTC.
Conclusion:
As a concerned trader, I feel compelled to highlight the significance of BTC support levels at WMA 200 and basic DMA 200. These levels can provide valuable insights into potential short-term price drops. However, it is essential to remember that the cryptocurrency market is inherently unpredictable, and risks are involved in any trading strategy.
If you decide to short BTC during short-term price drops, ensure you clearly understand the risks involved and seek professional advice. Stay informed, stay cautious, and make well-informed decisions to safeguard your investments in this dynamic and ever-evolving market.
Our Bitcoin Analysis Holds TrueConfirmation: Our #Bitcoin Analysis Holds True
As anticipated, #Bitcoin has now entered the buy zone exactly as we predicted earlier. Our analysis remains on point.
Currently, we're patiently awaiting market stabilization and a solid purchase confirmation before proceeding with trading activities.
In the interim, I extend a warm invitation to you to join our VIP group. Here, you can experience secure trading under the guidance of our top traders. Your safety and success are our priorities.
Stay tuned for more updates and consider joining our VIP community for enhanced trading experiences.
