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BTCUSDC

Tight Bollinger Bands Indicate a Promising Opportunity!As we reflect upon the significant rally Bitcoin experienced in January, we can draw some interesting parallels to the current market conditions. We then witnessed a similar pattern where the Bollinger Bands tightened, leading to a substantial surge in BTC value. This occurrence has piqued the curiosity of many experts, suggesting the possibility of another significant rally shortly. For those unfamiliar, Bollinger Bands are a widely used technical analysis tool that helps traders gauge market volatility and potential price movements. When the bands tighten, it indicates a period of consolidation and reduced volatility, often followed by a breakout or a significant price movement. Now, you might be wondering, what does this mean for us as Bitcoin traders? It presents a compelling opportunity to consider increasing our BTC orders and capitalizing on the potential rally that may lie ahead. By recognizing the patterns and trends in the market, we can position ourselves advantageously to ride the wave of success. Considering the current market sentiment and tightening Bollinger Bands, it is an opportune time to evaluate our trading strategies and consider taking action. Here's a call to action for you all: let's analyze our portfolios, reassess our risk appetite, and consider potentially placing additional BTC orders to benefit from the anticipated rally. Remember, successful trading requires knowledge, strategy, and timing. By staying informed and proactive, we can position ourselves to seize market opportunities. To further enhance your trading experience, I encourage you to explore various resources, attend webinars, and engage in discussions with fellow traders. Sharing insights and learning from each other's experiences can significantly contribute to our success as a community. As we embark on this potential rally, let's approach it enthusiastically and positively. The Bitcoin market is known for its volatility but offers incredible rewards to those who dare to seize its opportunities.
BITSTAMP:BTCUSDLong
by bryandowningqln
Bitcoin and Symmetrical Triangle🚩(15-Min)⏰Bitcoin has managed to form a Symmetrical Triangle Pattern in the last 24 hours. Since the symmetrical triangle is considered a continuation pattern most of the time, But we must be ready for both movements. In case of breaking any of the symmetrical lines, we must expect Bitcoin to move up to the Top or bottom of the Rectangle Pattern . What do you think❗️❓ Which of the lines of the symmetrical triangle pattern will Bitcoin break❗️❓ Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
20
Bitcoin The Upcoming Supply Shock ETF / Treasuries The Bitcoin Illiquid supply vs Exchange Supply is at 15.2M BTC 78.3% of circulating as of June It's very true we can't guarantee how many coins in the total supply are actually lost since the Genesis block but a rough number has been floating around that it's near 10+ million. Let's run this math on Bitcoin with the supply today sitting at 19.4M Reduce that by 10 Million 9,415,993 supply left Bitcoin treasuries (companies) roughly 600,0000 8,815,993 supply left Why not let's take the coins on exchanges off and average it around 2,000,000 coins 6,815,993 supply left $31,100 puts Bitcoin at a $211.8B market cap. If Bitcoin had a market cap of $602.0B, 1 BTC would be worth $88.3k with the supply adjusted to lost Bitcoin. If Bitcoin had a market cap of $1.2T, 1 BTC would be worth $179.4k, an upside of 293% Now why are all the giant funds rushing to file for a spot BTC ETF? and why have x2 leveraged ETFs been allowed on the market? Global retirement assets alone measured in 2020 around 60 trillion Let's just say these spot ETFs get accepted and 5% of 60 trillion gets allocated to Bitcoin you know because Bonds / Real-estate are breaking. That would put 3 Trillion into the Bitcoin market If Bitcoin had a market cap of $3.0T, 1 BTC would be worth $445.1k, an upside of 11x When times changed in the 1970s gold had a similar reaction. People might be wondering what happens if Bitcoin's market cap overtakes gold with the lost supply / cold storage adjusted. If Bitcoin had a market cap of $12.0T, 1 BTC would be worth $1.8M, an upside of 54x (note this is estimated based on all current and past data and will have minor errors). My data comes straight from leading high-end intelligence sources. The year is 2023 the United States government still decides to own 204,013 Bitcoin. Leading institutional ETF's on US markets will allow not only internal allocation (Blackrock) but will open the ETF market to the entire global financial system. This may very be the end of Bitcoin large down turns and the new norm will be putting your name on a list with your investment firm or bank to promise allocating you Bitcoin from miners before it hits the market, during this ETF period the panic and ability to acquire Bitcoin is going to be unparalleled. Why am I confident ETF's will be approved? future ETF's including x2 leveraged ETF's are used to hedge and manage risk that is necessary to allocate and run spot ETFs. "although workers produce things for the market, market forces, not workers, control things. People are required to work for capitalists who have full control over the means of production and maintain power in the workplace" Karl Marx
BITSTAMP:BTCUSDLong
by FederalXBT
1
ATTN Bitcoin Traders! Fibonacci Resistance Levels Unveiled 🚀Brace yourselves because we're about to dive into the fascinating world of Fibonacci resistance levels and their correlation with Bitcoin's recent movements. You might already be familiar with the Fibonacci retracement levels, but did you know these levels can also act as resistance points for Bitcoin's upward trajectory? It's true! The two significant Fibonacci levels that often come into play as resistance for Bitcoin are 0.382 and 0.618. These levels have been observed to exert considerable influence on Bitcoin's price movements, making them vital indicators for traders like us. You might wonder, "Why should I care about Fibonacci resistance levels?" Well, my friends, here's where things get exciting. The upcoming Consumer Price Index (CPI) report is just around the corner, and it can potentially trigger a significant move in Bitcoin's price. By setting our resistance targets based on the Fibonacci levels, we can position ourselves strategically to capitalize on this potential upward swing. So, here's the call to action: Let's seize this opportunity and set our resistance target for Bitcoin's upward move based on the upcoming CPI report. By doing so, we can align our trading strategies with the market forces and potentially maximize our gains. Remember, the Fibonacci levels at 0.382 and 0.618 serve as crucial resistance points, and by setting our targets accordingly, we can confidently navigate the market. I understand that trading can sometimes be a rollercoaster ride, but let's approach it with a positive mindset and a happy tone of voice! Together, we can make the most of this exciting opportunity and ride the Bitcoin wave to success. So, dear Bitcoin Traders, let's gear up, dive into the Fibonacci resistance levels, and set our resistance targets for Bitcoin's move up based on the upcoming CPI report. This could be a game-changer for our trading strategies, and I genuinely believe that we can make remarkable gains with our collective knowledge and enthusiasm.
BITSTAMP:BTCUSDLong
by bryandowningqln
Is BTC on 40.000$ way ?We're here to share the latest information about the cryptocurrency market today. Bitcoin is trading at $30,389.72, an increase of 0.85% in the last 24 hours. This seems to be reversing the downward trend of Bitcoin in the last 7 days. However, cryptocurrencies are often volatile and prices can change rapidly, so it's important to manage your investments carefully. In the coming weeks, it will be important to pay attention to the interest rate decisions of the Federal Reserve (Fed). A Fed meeting is planned for July 26, 2023, and important decisions about interest rates could be made at this meeting. Fed's interest rate decisions usually have a big impact on the economy and financial markets. For example, if the Fed raises interest rates, it usually increases the value of the dollar, which can cause Bitcoin and other cryptocurrencies to lose value against the dollar. However, this is not always the case and cryptocurrencies often move in different ways from traditional financial markets.
BITSTAMP:BTCUSDLong
by CryptoSignalAPP
1
BTC Moving Average Remains Flatline with RSI Below 60Over the past few weeks, we have witnessed a rather unsettling trend in the BTC market. The moving average, a key indicator used to assess the overall direction of an asset's price, has been alarmingly flatlined. This lack of movement indicates a potential stagnation or absence of significant price momentum. Furthermore, the relative strength index (RSI), a widely used oscillator that measures the speed and change of price movements, has dropped below the critical level of 60. This drop below 60 suggests the market sentiment has weakened, and BTC may be losing its upward momentum. Given these indicators, we must cautiously approach the current BTC price action. While the cryptocurrency market is volatile, the prolonged flatline in the moving average and the declining RSI should not be taken lightly. This situation demands carefully evaluating our trading strategies and risk management techniques. Therefore, I urge you to reassess your positions, review your stop-loss orders, and consider implementing tighter risk management measures. As traders, we are responsible for adapting and responding to changing market conditions, and this moment calls for heightened vigilance. Please remember that no single indicator can predict the future with absolute certainty. However, considering the current BTC price action with the flatline moving average and the dropping RSI, we can make more informed decisions and navigate the market more cautiously. Stay informed, stay vigilant, and remain focused on protecting your capital. Together, we can weather these challenging times and emerge stronger. If you have any questions or need further guidance, please comment away.
BITSTAMP:BTCUSD
by bryandowningqln
Urgent Notice: Bitcoin Price Dips Below SMA 50 and SMA 100As you may be aware, the Bitcoin price has recently dropped both the Simple Moving Average (SMA) 50 and SMA 100 below, indicating a potential shift in market sentiment. The current state of the Bitcoin market demands our utmost attention and prudence. Acknowledging the significance of these indicators is crucial, as they often serve as reliable signals for assessing market trends. While we cannot predict the future with certainty, it is essential to exercise caution and evaluate the potential implications of these technical indicators. In light of the Bitcoin price dipping below the SMA 50 and SMA 100, we strongly advise you to pause your trading activities temporarily. Taking a step back during uncertain market conditions can help protect your investments and minimize potential losses. By refraining from trading now, you can gain a clearer perspective on the market's direction and make informed decisions based on a more comprehensive analysis. We understand that pausing trading can be challenging, especially when the market is filled with excitement and opportunities. However, it is crucial to prioritize risk management and the preservation of your capital. By temporarily halting your trading activities, you can avoid making rushed decisions driven by emotions and ensure you are well-positioned to capitalize on future opportunities. As seasoned traders, we know that patience and discipline are the key ingredients to success in cryptocurrency trading. Taking a cautious approach during uncertain times demonstrates your commitment to long-term profitability and sustainability. Please remember that this email serves as a friendly reminder, not as financial advice. It is always recommended to consult with a qualified financial advisor before making any trading decisions. In conclusion, we urge you to take a moment to reassess your trading strategies and consider pausing your Bitcoin trading activities temporarily. Doing so can protect your investments and navigate the market with a clearer perspective. Remember, during challenging times, the most successful traders rise above the rest.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin Opportunities: Identifying the Next Entry for PositionAs passionate advocates of Bitcoin's potential, we must stay informed and seize opportunities when they arise. Today, I would like to discuss an essential technical indicator that can help us make informed trading decisions and maximize our Bitcoin positions. Recently, Bitcoin's Relative Strength Index (RSI) has been a topic of interest among traders. The RSI is a widely used momentum oscillator that measures the speed and change of price movements. It provides insights into whether an asset is overbought or oversold, allowing us to identify potential entry points for trading. Bitcoin's RSI has reached a value of 55, indicating a relatively neutral position. While this may not signify an immediate buying or selling signal, it is a valuable indicator for future movements. As cautious traders, we can leverage this information to our advantage. Considering the historical patterns and trends observed in Bitcoin's price movements, an RSI of 55 has often preceded significant upward momentum in the past. By strategically adding Bitcoin positions when the RSI hits this level, we can capitalize on upward price movements and maximize our gains. Therefore, keep a close eye on Bitcoin's RSI and consider adding to your BTC positions when it reaches 55. However, it is essential to exercise caution and conduct thorough research before making any trading decisions. Remember, the cryptocurrency market can be highly volatile, and it is crucial to manage risk effectively. In conclusion, Bitcoin's RSI of 55 is a potential entry point for trading, allowing us to seize opportunities and maximize our Bitcoin positions. We can make well-informed decisions that align with our long-term goals by employing a cautious approach and conducting a thorough analysis. Stay vigilant, stay informed, and let's continue to support the growth and adoption of Bitcoin together. If you have any insights or thoughts regarding this topic, please feel free to comment. Let's keep the conversation going!
BITSTAMP:BTCUSD
by bryandowningqln
BTCUSD range trading (4H analysis)As we can see on the chart, the price remains in the range. It looks like a consolidation before choosing the direction. On 4h time frame it looks pretty good for bulls now as the negative momentum is fading and we are close to getting the bullish cross on MACD. However before the pump, we expect the price to go a little bit lower to retest the bottom of the range. Entry, target and the stop loss are shown on the chart. Risk - reward ratio: 3,76 Good luck
BITSTAMP:BTCUSDLong
by vf_investment
4
Important Update: Bitcoin 100 SMA Will Cross 50 SMAI wanted to bring an important development to your attention that could impact your Bitcoin trading strategies. The 100 Simple Moving Average (SMA) is currently on the verge of crossing the 50 SMA, indicating a potential shift in market dynamics. I urge you to consider this information cautiously and adjust your expectations accordingly. As experienced traders, we know that technical indicators play a vital role in understanding market trends and making informed decisions. The SMA crossover is a widely followed indicator that can offer valuable insights into the market's direction. In this case, the imminent crossing of the 100 SMA over the 50 SMA suggests a possible shift toward a bearish sentiment. While it is crucial to approach such indicators with a cautious mindset, it is equally important to adapt our trading strategies to changing market conditions. Given this potential bearish signal, expecting a lower profit per trade may be prudent shortly. This is not to say that profitable opportunities won't arise, but rather to encourage a more realistic and conservative approach. To navigate this evolving landscape, I encourage you to reassess your risk management strategies and consider implementing tighter stop-loss orders. By setting predefined exit points, you can protect your capital and limit potential losses if the market continues favoring the bearish sentiment. Furthermore, exploring alternative trading strategies better suited for bearish market conditions may be beneficial. Diversifying your portfolio by allocating some of your funds to a hedging or short-selling strategy can help mitigate potential losses and take advantage of downward price movements. Staying updated on the latest market news and analysis from reliable sources is essential. By visiting informed, we can better position ourselves to make well-informed decisions and adapt to changing market dynamics. In conclusion, the imminent crossing of the Bitcoin 100 SMA over the 50 SMA is a significant development that calls for caution and a realistic approach. Expecting lower profit per trade and adapting our strategies will help us navigate potential bearish market conditions. Remember to reassess your risk management strategies, consider tighter stop-loss orders, and explore alternative trading strategies that align with the current market sentiment.
BITSTAMP:BTCUSD
by bryandowningqln
BTC/USDT showing signs of a bull market, indicating a potential Analysis of BTC/USDT for Long Move with Fluctuations: In the current market conditions, BTC/USDT is showing signs of a bull market, indicating a potential upward trend. Traders may consider opening long positions to take advantage of this positive momentum. When analyzing the price action, it's important to identify key support and resistance levels. Support represents a price level at which buying pressure is expected to emerge, preventing further declines. Resistance, on the other hand, signifies a level at which selling pressure may increase, limiting upward movement. Supply and demand dynamics play a crucial role in price fluctuations. A strong demand for BTC/USDT indicates buyers' willingness to purchase at higher prices, potentially driving the price upwards. Conversely, an excess supply of BTC/USDT may exert downward pressure on the price. Moving averages, such as the exponential moving average (EMA), help smoothen out price fluctuations and identify trends. Traders often look for crossovers and divergences between different moving averages to confirm potential entry or exit points. The Relative Strength Index (RSI) is a popular oscillator that measures the strength and momentum of price movements. It helps traders identify overbought or oversold conditions, providing insights into potential reversals or continuations of the trend. Fibonacci levels and retracements are valuable tools to identify potential support and resistance levels based on the Fibonacci sequence. These levels help traders anticipate price reversals or extensions during uptrends or downtrends. Volume, represented by the number of shares or contracts traded, provides insights into the level of market participation. Higher volume often indicates increased interest and stronger price movements, while low volume can lead to decreased volatility and liquidity. Volume profile analysis assists in identifying the concentration of trading activity at specific price levels, helping traders understand areas of high liquidity and potential support or resistance zones. Breakout patterns occur when the price surpasses a significant support or resistance level, indicating a potential shift in the market trend. Traders closely monitor breakouts for potential entry or exit opportunities. Higher highs and higher lows are indicative of an uptrend, suggesting that each subsequent peak and trough is higher than the previous one. This pattern highlights sustained buying pressure and an overall positive market sentiment. Trendlines are graphical representations of support and resistance levels, drawn by connecting the consecutive highs or lows. Traders use trendlines to identify the overall direction of the market and potential areas of support or resistance. Support levels act as price floors, where buying pressure typically increases, preventing further declines. Traders closely monitor these levels for potential bounce-backs or reversals. Volatility refers to the degree of price variability in a market. Higher volatility presents increased trading opportunities but also involves greater risk. Traders adjust their strategies based on the level of volatility in the BTC/USDT market. Liquidity reflects the ease of buying and selling an asset without significantly impacting its price. Higher liquidity provides smoother execution and tighter spreads, allowing traders to enter and exit positions more efficiently. In summary, when analyzing BTC/USDT for a long move with fluctuations, traders should consider the bull market conditions, identify key support and resistance levels, monitor supply and demand dynamics, use technical indicators like moving averages and RSI, analyze Fibonacci levels and retracements, evaluate volume and volume profile, watch for breakouts, identify higher highs and higher lows, draw trendlines, and pay attention to support levels, volatility, and liquidity. These factors collectively contribute to making informed trading decisions in the BTC/USDT market.
Long
by SafeCryptoSignals
Bitcoin Continues Its Bullish Run - Time to Consider BTC PositioI am thrilled to share some exciting news that will surely bring a smile to your face: Bitcoin's bullish momentum is back and stronger than ever! As we all know, Bitcoin has always been the torchbearer of the cryptocurrency market and has made some remarkable moves lately. The recent price surge has taken Bitcoin above the previous bullish flag, indicating a clear bullish trend that we cannot ignore. The current market sentiment is undeniably positive, with Bitcoin's price surpassing previous highs and showing incredible resilience. This indicates that the bulls are firmly in control, paving the way for potential gains. It's a perfect time to consider positioning yourself for the next leg of this exciting journey! So, why should you consider BTC positions right now? Here are a few compelling reasons: 1. Upward solid momentum: Bitcoin's price has broken through resistance levels, suggesting a sustained bullish trend. This presents an excellent opportunity for traders to ride the wave and potentially reap significant profits. 2. Growing institutional interest: Major financial institutions and corporations increasingly embrace Bitcoin, recognizing its value as a store of wealth and hedge against inflation. This institutional adoption is expected to drive further demand and potentially increase prices. 3. Limited supply, increasing demand: With a fixed collection of 21 million coins, Bitcoin's scarcity catalyzes its value. As more individuals and institutions enter the crypto space, the need for Bitcoin will likely surge, potentially driving the price to new heights. You might be wondering, "What should I do next?" Well, it's time to take action and seize this opportunity! Here's your call to action: 1. Evaluate your portfolio: Assess your current holdings and consider allocating a portion towards Bitcoin. Diversifying your crypto portfolio with Bitcoin positions could help you capitalize on its bullish trend. 2. Set a strategy: Define your entry and exit points and a risk management plan. This will help you navigate the market with confidence and minimize potential losses. 3. Stay informed: Closely on market trends, news, and expert opinions. Staying informed will help you make informed decisions and adapt your strategy accordingly. Remember, the cryptocurrency market is highly volatile, and investing involves risks. It's essential to conduct thorough research and consult with a financial advisor before making any investment decisions. So, my fellow traders, let's embrace this bullish momentum with open arms and position ourselves for potential gains. The Bitcoin journey continues, and it's time to join the ride!
Long
by bryandowningqln
Will BTC hold at 30k or drop due to lack volume? I wanted to bring to your attention a matter that requires careful consideration regarding the future of Bitcoin. As you may be aware, there has been a significant increase in the value of Bitcoin, with a recent rise to $30,000. However, it is crucial to acknowledge the potential risks associated with this surge and the impact it may have on the liquidity of Bitcoin. Liquidity plays a vital role in the stability and sustainability of any asset, including cryptocurrencies. It refers to the ease with which an asset can be bought or sold without causing a significant impact on its price. In the case of Bitcoin, the lack of liquidity can lead to increased volatility and potential price manipulation. Given the current circumstances, it is essential to closely monitor Bitcoin's liquidity levels. A lack of liquidity may result in sudden drops in value due to a limited number of buyers or sellers in the market. Such declines can be severe and could potentially cause substantial losses for investors. Therefore, I strongly encourage you to closely monitor Bitcoin's liquidity and closely follow any developments in the market. Stay informed about the trading volumes, the number of active buyers and sellers, and any significant changes in the overall market sentiment. By doing so, you will be better equipped to make informed decisions and take appropriate actions to safeguard your investments. In conclusion, while the recent surge in Bitcoin's value is undoubtedly exciting, it is crucial to approach this situation cautiously. The lack of liquidity could potentially lead to unexpected drops in its value. Therefore, I urge you to remain vigilant and closely monitor the liquidity levels of Bitcoin. By doing so, you can protect your investments and make informed decisions. Thank you for your attention to this matter. If you have any questions or require further information, please do not hesitate to comment. Remember, knowledge is power in the world of investments. Stay informed, stay cautious, and make well-informed decisions.
BITSTAMP:BTCUSD
by bryandowningqln
$BTC is ready to take off 🚀🚀🚀CRYPTOCAP:BTC is currently in the process to head higher, there are multiple confluences on the weekly TF. Not only is there a bullish cross over on the MACD and the TSI, but it seems as though bitcoin has formed an inverted h/s pattern. Based off the fibs and the rules of supply and demand. BTC has hit an important point , and will most likely retrace to the .382 or .50 point in which both areas are consistent with being in the same zone as the indecision candle from the previous impulsive move. So expect more for bitcoin next retrace to >29-28k area, then start heading towards 40k. Remember this is on the weekly TF so it will take time to playout. Good Luck!! #TeamBoomin 🚀
BITSTAMP:BTCUSDLong
by Nick.TkgProfits
BTC - Market Structure: UpdateBitcoin continues to sit at the top of the descending channel, indicating further declines over the coming months based on historical ATH market top formations. Still a chance for a sustained bull run with Equities but history points to a collapse with added downward pressure on ALTs. No trade until the trend is clear - Best of luck to the bulls but bears might break ALT supports and send the market down over the next few weeks. Best, Hard Forky Bottom of Channel and $30k Target Middle of Channel and $30k Target Top of Channel with $30 Target reached
BITFINEX:BTCUSD
by hardforky
Exciting Opportunity: Get Ready to Load Up on BTC as RSI Hits 30I want to share an incredible opportunity that awaits us all when the Relative Strength Index (RSI) hits the magical number of 30. Get ready to buckle up because this will be a thrilling ride! As seasoned Bitcoin enthusiasts, we know that timing is everything in investments. So, let me cut to the chase and reveal the secret I've been bursting to share with you. When the RSI indicator drops to 30, it's a strong signal that Bitcoin is potentially oversold and undervalued. This is the perfect time for investors like us to take action, seize the moment, and load up on BTC! You may be wondering, "Why should I invest when the RSI hits 30?" History has shown us that these moments often mark significant turning points in Bitcoin's price trajectory. It's a golden opportunity to scoop up more Bitcoin at a potentially discounted price before the market realizes its value. By purchasing Bitcoin during this period, we align ourselves with the potential for substantial gains in the future. So, here's your call to action: Be prepared to take full advantage of this exciting scenario when the RSI indicator flashes 30! Don't let this opportunity pass you by. Allocate a portion of your investment portfolio to Bitcoin and join us in embracing the potential for immense growth and financial prosperity. Remember, fortune favors the bold! To assist you in making informed decisions, I encourage you to stay updated on the market trends and closely monitor the RSI indicator. Please familiarize yourself with the concept of RSI and its implications for Bitcoin's price movements. This knowledge will empower you to make confident investment choices when the time is right. In conclusion, my fellow Bitcoin enthusiasts, let's approach this opportunity with enthusiasm, positivity, and a happy tone of voice! The potential rewards that await us when the RSI hits 30 are exhilarating. Let's embrace this chance to bolster our Bitcoin holdings and set ourselves up for a prosperous future. Please do not hesitate to reach out if you have any questions via the comments. I am wishing you abundant success and happiness in your Bitcoin ventures!
BITSTAMP:BTCUSDLong
by bryandowningqln
BTC the expected movement BTC / USDT BTC still struggling to break the major resistance at 32k ,And with micro strategy news today about buying more BTC (which was local tops signal in past, the probability for correction increased) All eyes on Key level : 29.5k …losing this level will increase the chance to test 28-27k levels and from there we expect a bounce to new bullish wave to our old main targets Invalidation: losing 24800$ will invalidate the short term bullish scenario If you like short term updates support this idea by rockets (likes) and share with me your thoughts in comment section below ⬇️
by Babenski
58
Bitcoin's Bullish Inverse Head and Shoulders PatternToday, I bring exciting news about Bitcoin that might ignite your trading instincts. Bitcoin has recently formed a bullish inverse head and shoulders pattern, indicating a potential upward trend that could lead to significant gains. This pattern has caught the attention of many seasoned traders eagerly positioning themselves for potential profits. Let me briefly explain its significance for those unfamiliar with the inverse head and shoulders pattern. This technical pattern is formed when a cryptocurrency's price experiences three distinct lows, with the middle low (the "head") being lower than the surrounding two lows (the "shoulders"). The formation resembles a head placed between two shoulders, hence the name. When the price breaks above the neckline, which connects the highs of the shoulders, it often signals a bullish reversal and a potential uptrend. Now, why should you be excited about this pattern? Historically, inverse head and shoulders patterns have proven to be reliable indicators of upward price movements. They have signaled significant rallies, and many traders consider them strong buy signals. While past performance does not indicate future results, it's worth noting that this pattern has often provided traders with profitable opportunities. Considering the current market sentiment and the growing interest in cryptocurrencies, now might be the perfect time to set up your Bitcoin positions. By capitalizing on this bullish inverse head and shoulders pattern, you can ride the wave of a significant price surge. However, as with any investment, conducting research and making informed decisions that align with your risk tolerance and trading strategy is crucial. To help you take advantage of this exciting opportunity, I encourage you to explore various trading platforms that allow you to establish Bitcoin positions quickly. Whether you prefer traditional exchanges or user-friendly mobile apps, numerous options are available to suit your needs. Take the time to analyze the features, security measures, and fees associated with each platform, ensuring you select one that aligns with your requirements. Successful trading requires discipline, patience, and a thorough market understanding. Stay informed, watch the latest news and developments, and never invest more than you can afford to lose. The crypto market can be volatile, but it can also be advantageous with careful analysis and strategic decision-making. So, dear Bitcoin traders, seize this opportunity to profit from the bullish inverse head and shoulders pattern. Set up your Bitcoin positions confidently and embark on this exciting trading journey. May the markets be in your favor!
BITSTAMP:BTCUSDLong
by bryandowningqln
Trade Alert - Long BTCHi Traders, I'm OoO rn on vaca. But a quick glance at BTC on my phone shows me that BTC has settled nicely above previous resistance and is now using this level as support. Good accumulation has been built and it looks at though BTC is ready to move higher. I bit. I will establish my target more carefully once I return but for now I will set a generic target of $37k. My SL will either be the avg buy in of my previous purchase and this purchase OR somewhere below that huge area of confluence ( haven't decided yet). I will make more definite targets and SL when I get back and add them to the spreadsheet for those of you who track this way. Stew
INDEX:BTCUSDLong
by stewdamus