BTC/USDTBTC is ready to move to the $32000-35000 area. This will be a good trade..
I would prefer to put a stop limit order at $29550
BTCUSDC
Analyzing RSI and Fibonacci Momentum Beyond $30kAs you may already be aware, Bitcoin has recently hit a cap at around $29,000, causing many traders to question the potential for further growth shortly. In light of this, I wanted to share some insights regarding two technical analysis tools, the Relative Strength Index (RSI) and Fibonacci retracement, which might help us gauge the likelihood of Bitcoin's momentum surpassing the $30,000 mark.
Firstly, let's approach this topic with caution. While the recent Cap at $29,000 may seem like a barrier, it is essential to remember that Bitcoin's market behavior can be unpredictable and subject to various external factors. Therefore, conducting a thorough analysis before making any trading decisions is crucial.
One tool that can assist us in assessing potential momentum is the Relative Strength Index (RSI). We can evaluate whether Bitcoin is currently overbought or oversold by examining the RSI. An RSI reading above 70 typically indicates an overbought condition, suggesting a potential reversal or consolidation. Conversely, an RSI reading below 30 may mean an oversold condition, potentially indicating a buying opportunity. Monitoring the RSI can offer valuable insights into Bitcoin's short-term price movements and help us make informed trading decisions.
Another technique worth considering is Fibonacci retracement. This tool is based on the theory that markets often retrace a significant portion of their previous move before continuing in the same direction. We can anticipate potential support or resistance levels that may affect Bitcoin's price movement by identifying key Fibonacci retracement levels. Analyzing these levels alongside other technical indicators can provide a more comprehensive understanding of Bitcoin's potential momentum.
Now, I encourage you to take a moment and analyze whether Bitcoin's RSI or Fibonacci retracement indicates a likelihood of surpassing the $30,000 mark. This analysis should be conducted cautiously, considering the cryptocurrency market's inherent volatility. Consider consulting with trusted technical analysts or utilizing reliable trading platforms that offer these tools to assist you in your assessment.
In conclusion, understanding Bitcoin's current Cap at $29,000 and its potential for surpassing $30,000 requires carefully examining technical indicators such as RSI and Fibonacci retracement. By employing these tools and conducting a thorough analysis, you can make more informed trading decisions while navigating the unpredictable cryptocurrency market.
Will BTC Hit Year-to-Date High? Let's Stay Calm to Avoid ChasingHey there, fellow traders! It's time to dive into the exciting world of Bitcoin once again. As we approach the end of the year, many of us are eagerly wondering whether BTC will reach its year-to-date (YTD) high. While the anticipation is high, it's crucial to maintain a level-headed approach and avoid the temptation of chasing the market. So, let's take a closer look at the situation and make wise decisions together!
Understanding the Bitcoin Market:
Before we jump into predictions, let's remind ourselves of the volatile nature of the cryptocurrency market. Bitcoin has always been known for its wild price swings, which can be thrilling and nerve-wracking. It's important to remember that past performance is not always indicative of future results. So, let's approach this topic with a happy and optimistic tone while keeping our expectations grounded.
Analyzing the Current Market Trends:
As we assess the current market trends, it's clear that Bitcoin has experienced significant growth this year. We've witnessed impressive rallies and breakthrough moments that have left many of us excited. However, it's essential to remember that retracements and corrections are inherent to any market, including Bitcoin. These fluctuations should not be seen as a sign of doom but rather as an opportunity for careful consideration.
Avoid the Temptation to Chase:
While the thought of Bitcoin hitting its YTD high may be enticing, it's crucial to avoid chasing the market. FOMO (Fear of Missing Out) can cloud our judgment and lead to impulsive decisions that may not align with our trading strategies. Remember, successful trading is a marathon, not a sprint. Let's not let short-term excitement overshadow our long-term goals.
Call-to-Action: Stay Calm and Stick to Your Plan!
Now, more than ever, staying calm and sticking to your trading plan is important. Here's a friendly reminder of some essential steps to follow:
1. Set realistic goals: Define your objectives and establish a clear plan. Be patient and avoid getting caught up in short-term market fluctuations.
2. Diversify your portfolio: Don't put all your eggs in one basket. Consider diversifying your investments across different cryptocurrencies and other asset classes.
3. Stay informed: Keep up with the latest news, market trends, and expert opinions. Knowledge is power, and being well-informed will help you make better trading decisions.
4. Practice risk management: Always set stop-loss orders and manage your risk effectively. This will protect your capital and prevent significant losses in unexpected market movements.
Conclusion:
As we eagerly await Bitcoin's potential YTD high, let's remember to approach the market with a happy and optimistic tone. Avoid chasing the market and make informed decisions based on your trading plan. By staying calm and sticking to your strategy, you'll be better equipped to navigate the ever-changing world of cryptocurrencies. Happy trading, and may the Bitcoin market bring us all joy and success!
$133T Decaying Bond Marketcap - 0.5T Bitcoin Marketcap EarthBond
Its fun to compare bitcoin with Gold as a commodity for the similar attributes but Gold only has a small market cap of 12.928T and is very illiquid.
Yes Golds market cap is nowhere near the market cap of Government Bonds.
We have a global CPI / inflation problem where "smart money" is getting anti Bonds due to the rising debt and interest rates that eventually make the returns useless if adjusted.
Lets do the calculations bitcoin superior to Gold and superior to the government bonds creating a decentralized Earth Bond, yes bitcoin to my eyes is like gold but will eventually function like a bond that is tied to the earth and connection to every sovereign country.
Planet Bond.
BlackRock Suggests an optimal BTC allocation is 84.9% completely changing the 60-40 basic portfolio of bonds.
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Lets have some fun with the calculations
Illiquid bitcoin supply at 15.2M
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19.5 million (Today Supply) minus 15.2 million equals 4.3 million on the market of course this will increase if prices go up but there's also the chance they do not as most accumulation here is by large funds not retail looking for short term returns.
5% of 133 trillion (133T) is 6.65 trillion.
If bitcoin had a market cap of $6.5T, 1 BTC would be worth $1.5M, an upside of 46x
(based on the supply is way less than people understand)
All that's left is a Spot ETF on the US market to allow capital to just lightly tap this market and we will know soon enough.
And people wonder why every large fund have raced to get a spot bitcoin ETF, yeah being potentially the most important asset in the last 100 years could do it.
Tick Tock
Bitcoin Hits New Golden Cross – Time to Long Bitcoin!Today, I bring you some fantastic news that will surely add a touch of gold to your trading portfolio. Brace yourselves because Bitcoin has just hit a remarkable new golden cross!
For those unfamiliar with this term, a golden cross occurs when a short-term moving average crosses above a long-term moving average, indicating a potential bullish trend. This highly sought-after technical signal is often seen as a strong buy signal by traders around the globe.
You might wonder, "What does this mean for me?" Well, my dear traders, this golden cross presents a golden opportunity for you to capitalize on the upward momentum of Bitcoin. It's time to consider going long on Bitcoin and ride the wave of potential profits!
Why should you consider going long on Bitcoin, you ask? Let me provide you with a few compelling reasons:
1. Bullish Momentum: The golden cross is a powerful indicator of a bullish trend, suggesting that Bitcoin's price will likely rise further. Seize this opportunity to maximize your potential gains!
2. Market Sentiment: The cryptocurrency market is buzzing with optimism, with increasing institutional investors showing interest in Bitcoin. This positive sentiment can further fuel the upward trajectory of Bitcoin's price.
3. Global Adoption: Bitcoin's acceptance as a mainstream form of payment is snowballing. More and more businesses are embracing Bitcoin, which drives demand and pushes its value higher.
Now, my fellow traders, it's time to take action and maximize this golden opportunity. Here's your call to action:
1. Conduct Thorough Research: Before making any trading decisions, ensure you have a solid understanding of Bitcoin's price history, market trends, and risk management strategies. Knowledge is power!
2. Set Clear Goals: Determine your profit targets and establish a well-defined trading plan. This will help you stay focused and make informed decisions throughout your trading journey.
3. Utilize Reliable Trading Platforms: Choose a reputable and user-friendly trading platform that provides the necessary tools, real-time data, and analysis to execute your trades effectively.
Remember, dear traders, this golden cross is a promising sign, but always exercise caution and manage your risk wisely. The cryptocurrency market can be volatile, and it's essential to stay vigilant.
So, let's embrace this exciting moment and seize the opportunity to long Bitcoin! Let's ride the wave of potential profits and make our trading dreams come true!
Clear Long Setup for BitcoinI always have a btc long. This is setting up to be a big move. All the scumbags like sbf are sitting in court. "Defi" is over. Sailor about to dunk on everyone. Got a massive weekly cup and handle forming here plus MA200 proving as support. I think we see solid expantion in 3-6 months. Halvening coming up. Not advice but laddering in longs here on top of my swing longs.
Time Is Running Out - Bitcoin MACRO Triangle - BBW COIL
Is it fate or bad luck 2015 Bitfinex liquidity crisis simulated the 2020 liquidity crisis at similar moments on a macro scale?
Zooming out on a large time frame the BBW has never been this coiled up since (2016)
This movement has to break, and Bitcoin has a nice way of making a smaller triangle within the larger Macro Triangle.
Pretty interesting to see how the worst liquidity crisis 2x did not break bitcoins trend, + the biggest leverage (blow out) to the upside with FTX / 3AC also did not break the trend.
Time is short for whatever happens, always seems like forever in the moment.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC attempting $29,199 test, possible bullish engulfing on 4h, Beautiful previous daily close with bullish pin bar, if followed thru expected $29,483 test. Watch given S/R, current support $28,938
BTC Struggles to Break Above 1-Year Resistance Line: A ConcerninI write to you with a sense of concern regarding Bitcoin's recent struggles to break above its 1-year resistance line. This situation has prompted me to share some crucial insights and advice for your investment decisions.
Over the past year, Bitcoin has faced numerous challenges and breakthroughs, captivating the attention of traders and enthusiasts alike. However, despite its remarkable journey, it is disheartening to witness that Bitcoin is currently struggling to surpass a significant resistance line that has been in place for over a year.
This resistance line represents a strong barrier that Bitcoin has been unable to overcome, despite its persistent efforts. It is essential to recognize that this struggle is not merely a temporary setback but rather a reflection of the current state of the market. The lack of momentum coupled with low trading volume raises concerns about the potential risks of investing in cryptocurrencies.
Considering these circumstances, I strongly encourage you to exercise caution and hold off on investing further in cryptocurrencies until we witness a substantial shift in the market dynamics. Successful trading requires a comprehensive understanding of market conditions and a strategic approach.
While the allure of quick gains and the potential for exponential growth may be tempting, it is essential to prioritize a well-informed and calculated investment strategy. By carefully observing the market trends and waiting for the right moment to enter or exit positions, you can maximize your potential returns while minimizing risks.
In conclusion, the current struggles faced by Bitcoin in breaking above the 1-year resistance line should serve as a reminder of the volatility and uncertainties inherent in the cryptocurrency market. As traders, it is vital to remain vigilant and make informed decisions based on thorough analysis.
I encourage you to stay updated with the latest market news and seek advice from reliable sources before making any investment decisions. Remember, patience and prudence are critical virtues in navigating the ever-changing world of cryptocurrencies.
Diamond pattern on 4hr BTCBTC in 4hr is creating a diamond pattern, if this will happen, we will see some growth
BTC (Vortex Indicator) + SOPR 4W Great Indicator
When using the Vi with the The Spent Output Profit Ratio (SOPR) dividing the realized value (in USD) divided by the value at creation (USD) of a spent output, you get a great trend reading once Bitcoin starts diverging into new trends.
Vi alone is not the best to find market tops but when used with the SOPR we can see once the SOPR passes the 50 mark it confirms the bull market is in early stages
(where we have been for months)
When the SOPR reaches velocities near 75-80 and the Vi gap starts to revert would make sense to take defensive positions / positions from early positions.
Found this recently and will definitely be used to indicate the next peak.
The work has to be done in early stages of the market like aways regardless if its stocks & or Bitcoin, once multiple strong indicators start getting triggered you go defensive, most plan for this during the peak period and fail to accept end.
$BTC Daily UpdateCRYPTOCAP:BTC struggle gaining $29,199 support, $29,483 resisting, Current support at $28,938. Weak volume, average RSI on 4h and 1d, will continue sideway for short term.
Bitcoin Trading Alert - BTC below MA 50 and RSI at 50As an avid participant in the cryptocurrency market, I wanted to bring your attention to a recent development in the Bitcoin (BTC) market that requires caution and careful consideration. This idea aims to inform you about the current state of BTC, which has fallen below its 50-day Moving Average (MA) and is accompanied by a Relative Strength Index (RSI) of 50.
In recent trading sessions, Bitcoin has experienced a decline that has pushed its price below the crucial MA 50 level. The MA 50 is widely regarded as a significant indicator of market sentiment and trend direction, as it reflects the average price of an asset over the past 50 days. This breach below the MA 50 suggests a potential shift in the market sentiment towards a bearish outlook.
Furthermore, the RSI, a technical indicator used to measure the strength and speed of price movements, is currently hovering at the 50 level. An RSI of 50 indicates a neutral position where the buying and selling pressures are relatively balanced. However, when combined with BTC's status below the MA 50, it reinforces the need for caution and careful evaluation of market conditions.
Given these circumstances, I encourage you to exercise prudence and hold off on any Bitcoin market orders until further clarity emerges. It is crucial to thoroughly analyze the market dynamics, consider additional indicators, and monitor the price action before making any trading decisions. Remember, patience and a well-informed approach are essential to successful trading.
As the cryptocurrency market is known for its volatility and unpredictability, it is essential to remain vigilant and adapt to changing market conditions. We can mitigate potential risks and make more informed trading decisions by staying informed and exercising caution.
This is a cautious advisory and does not constitute financial advice. It is always recommended to consult with a qualified financial advisor or conduct thorough research before making investment decisions.
Bitcoin Bollinger Bands at Their Tightest - When Is Next Breakou
The Bollinger Bands for Bitcoin have tightened significantly, indicating a potential upcoming breakout. As a fellow trader, I thought you might find this development interesting.
For the uninitiated, Bollinger Bands are a widely used technical analysis tool that measures volatility and potential price movements. When the bands tighten, it suggests that a significant price movement may be imminent, as the market tends to contract before expanding again.
I'm writing to you because Bitcoin's Bollinger Bands are currently at their tightest level in recent times. This tightening pattern often precedes a substantial breakout, and it has piqued my curiosity. I can't help but wonder when this next breakout will occur and in which direction.
As traders, we are constantly seeking opportunities to capitalize on market movements, and a breakout can present a chance for significant gains. Staying vigilant and prepared for such events is crucial, so I wanted to share this observation with you.
Given your expertise and experience in trading, I would love to hear your thoughts on this matter. What is your analysis telling you? Do you believe a breakout is imminent? If so, which direction do you anticipate Bitcoin's price will move? Sharing insights and opinions among fellow traders can often lead to valuable discussions and enhanced decision-making.
Let's closely monitor Bitcoin's price action and Bollinger Bands together. I encourage you to share your analysis or any other indicators you may be following that could shed light on the potential timing and direction of the next breakout.
Feel free to comment, as I'm excited to hear your perspective and discuss this exciting development further.
Breaking News: BTC Less Volatile Than S&P 500 and GoldBrace yourselves, my friends, because Bitcoin (BTC) has done the unthinkable – it's now less volatile than the mighty S&P 500 and the shiny gold!
Yes, you read that right. The once-infamous wild child of the financial world has tamed its rebellious nature and emerged as a stable force to be reckoned with. It's time to challenge your preconceived notions about BTC and consider it a viable asset for those who value stability.
You might be wondering, "How on earth did this happen?" Well, let me enlighten you. Recent market data has revealed that BTC's volatility has dropped significantly, outshining the traditional stalwarts like the S&P 500 and gold. It's like witnessing a cosmic shift in the trading universe!
I know what you're thinking: "Why should I care about this? How does it affect me?" Well, my dear traders, this revelation opens up a new world of possibilities for your investment strategies. If volatility is a concern that keeps you up at night, BTC has just become your knight in shining armor.
So, here's my call to action for you: Take a moment to reconsider your portfolio and give BTC a well-deserved spot. By diversifying with Bitcoin, you not only embrace the future of finance but also gain exposure to an asset that has proven its resilience and maturity.
Think about it. In a world where the markets can be as unpredictable as a rollercoaster ride, having an asset shed its notorious volatility is like discovering a hidden oasis in the desert. It's a chance to navigate the tumultuous waves of the financial world with newfound confidence.
Don't let your fear of volatility hold you back from exploring the potential of BTC. Embrace the unexpected, challenge the status quo, and join the ranks of visionary traders setting sail toward a more stable and prosperous future.
Remember, the winds of change are blowing, and BTC is leading the charge. Seize the opportunity, my friends, and let Bitcoin be your guiding star in this ever-evolving trading universe.
Bitcoin's Remarkably Tight Range Bound Since July 24
As a trader, you are likely aware that Bitcoin's price fluctuations have historically been a source of great excitement and profit potential. However, the current market conditions have led to a lack of significant movement, which may leave some traders uncertain or even frustrated. While it is essential to acknowledge and adapt to the prevailing market dynamics, exploring potential future scenarios and their implications for your trading strategies is equally important.
Considering the tight range bound, it would be interesting to hear your perspective on Bitcoin's future trajectory. Do you believe this stagnant phase will persist, or are you anticipating a breakout shortly? Sharing your insights and discussing with fellow traders can provide valuable perspectives and help navigate the market more effectively.
I encourage you to take a moment to reflect on your trading approach during this period of limited volatility. Are there alternative investment opportunities you are exploring or strategies you are considering to adapt to the current market conditions? Sharing your thoughts and experiences can contribute to a more comprehensive understanding of the situation and potentially uncover new possibilities.
Feel free to respond to comments and contact fellow community traders to exchange ideas and opinions. Together, we can navigate the market's twists and turns while adapting our strategies to optimize our trading outcomes.
Bitcoin (BTC) formed bullish Gartley for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Bitcoin (BTC)
Previously the priceline moved slightly down than buying zone, however, recovered soon and pumped almost 25%.
Now on 4-hr frame, BTC has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Local overwiev BTCMy local mood is bullish.
If we reach the marked area of 31800-32600 and bounce, I become a bear for half a year.
I conducted a survey among my acquaintances, do they have a desire to buy bitcoin right now? They answered maybe or someone and yes . There was something similar in 2021 for 50k and 60k . As far as I'm concerned, altcoins will start to rise and give what they had.
review of the local picture on BTCA lot has changed since my old review, now I'm neutral as I've reviewed a number of metrics, indicators and recent developments. I don't like the dump 07/23/2023 why? Because it was sharp and now we have broken this whole consolidation from 22/06/2023 , means that the level to which the price will want to return is 29600-29900 if there is a repulsion, it will mean a trip to 28000 . If we break the level of 29600-29900 it is still bullish we will see the movement.
Exploring the Intriguing Relationship Between Bitcoin and EUR/USOver the past few years, many traders have noticed a discernible pattern between Bitcoin's price and the fluctuation of the EUR/USD exchange rate. While it may seem counterintuitive, the two seemingly unrelated assets have exhibited a remarkable degree of synchronicity. This correlation suggests that changes in the EUR/USD rate could provide valuable insights into predicting BTC price movements.
You might be wondering why these two markets would be connected. The answer lies in the underlying factors influencing Bitcoin and the EUR/USD exchange rate. Economic indicators, geopolitical events, and investor sentiment all play a pivotal role in shaping the value of both assets. As a result, changes in the global economic landscape can profoundly impact both Bitcoin and the EUR/USD rate, leading to a correlation that traders can potentially exploit.
To harness this relationship's power, I encourage you to closely monitor the EUR/USD rate alongside Bitcoin's price movements. By doing so, you can potentially gain an edge in predicting BTC's future trajectory. Watch economic news, central bank decisions, and significant political developments that may affect the EUR/USD rate. Observe how Bitcoin reacts to these changes, and you may uncover valuable insights that can inform your trading strategies.
As traders, it is our constant quest to identify patterns and seize opportunities others may overlook. The Bitcoin-EUR/USD relationship presents an exciting avenue for us to explore, offering a fresh perspective on the intricate dynamics of the cryptocurrency market. By diligently studying this correlation, we can enhance our trading acumen and potentially make more informed decisions.
Cautious Approach to Bitcoin Trading Amidst Bearish SignalsBitcoin's price remains bearish, lingering below the MA 50 and MA 200 indicators, indicating a continued downward trend. This suggests that the market sentiment is currently tilted towards selling pressure rather than buying opportunities.
Furthermore, the Slow K indicator is falling, signaling a potential weakening of bullish momentum. It is essential to be mindful of this decline, as it may indicate a lack of substantial buying support in the market.
In addition, the MACD (Moving Average Convergence Divergence) indicator appears to be barely profitable, reflecting a marginal difference between the short-term and long-term moving averages. This further emphasizes the need for caution, implying that the market lacks bullish solid conviction.
Considering these factors, it is prudent for traders to pause and reassess their buying strategies regarding Bitcoin. While the cryptocurrency market is known for its volatility and unpredictable nature, it is essential to prioritize risk management and avoid impulsive decisions during times of uncertainty.
As traders, we must remember that patience and a well-informed approach are essential to long-term success. It is crucial to thoroughly analyze market trends, monitor indicators, and seek insights from trusted sources before making investment decisions.
In conclusion, I encourage you to exercise caution and step back from buying Bitcoin until we witness more favorable market conditions. By adopting a prudent approach, we can better protect our capital and position ourselves for potential opportunities that may arise in the future.
$BTC Daily UpdateCRYPTOCAP:BTC Back on $29,199 support with bullish engulfing signaling reversal on 4h Yesterday. Avoided dump following bearish pin bar on 4h, looks good on $29,199 key support area. 1D closed with bearish pin bar, required $29,742 support.
BTC Price Indicators Signal a Bearish OutlookAs we analyze the technical indicators, it becomes evident that the current sentiment remains bearish, urging us to exercise patience and wait for more favorable conditions.
Firstly, it is worth noting that the Slow D indicator has recently turned negative. This indicator, known for its ability to identify trend reversals, suggests that the prevailing downtrend in BTC may persist for some time. When combined with other hands, remaining vigilant and avoiding hasty decisions becomes even more crucial.
Additionally, while still bearish, the Moving Average Convergence Divergence (MACD) indicator adds to the concerns surrounding BTC's price performance. This indicator, often used to identify potential buying or selling opportunities, suggests continuing the downward trend. It is essential to consider this bearish signal and proceed with caution.
Furthermore, the BTC price is below the Simple Moving Average (SMA) of 200. This long-term moving average is widely regarded as a significant level of support or resistance. The fact that BTC is trading below this level further emphasizes the bearish pressure in the market.
Given these indicators and the overall market sentiment, I strongly encourage you to exercise patience and wait for more positive signals before making significant trading decisions. While the crypto market is known for its volatility, it is crucial to prioritize risk management and avoid impulsive actions during uncertain times.
In conclusion, the BTC price indicators, including the negative Slow D, bearish MACD, and BTC below SMA 200, collectively suggest a cautious approach. It is prudent to wait for more favorable conditions before initiating substantial trades. Remember, successful trading requires seizing opportunities and avoiding unnecessary risks.
Let's wait for BTC indicators to turn positive before making significant trading decisions. Exercise caution and prioritize risk management. Our team supports you and provides guidance during these uncertain times. Stay tuned for further updates.
