Diamond pattern on 4hr BTCBTC in 4hr is creating a diamond pattern, if this will happen, we will see some growth
BTCUSDC
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.
BTC MA 200 crossed over MA 50 so Wait for CrossI wanted to bring your attention to a significant development in the BTC market. On July 23, we witnessed the Moving Average (MA) 200 crossing over the MA 20, indicating a potential shift in market momentum. While this may seem exciting, I urge you to exercise caution and consider waiting for a new buying cross before entering the market.
Experienced traders understand the importance of staying informed and making well-informed decisions. Technical indicators like moving averages provide valuable insights into market trends and can help us identify potential buying or selling opportunities. The MA 200 crossing over the MA 50 is often considered a significant event, suggesting a possible shift from a bearish to a bullish trend. However, it is crucial to approach such situations with a level-headed mindset and consider the broader market context.
Given the current market volatility and uncertainties, it is advisable to wait for a new buying cross before considering a classic BTC market entry. While the MA 200 crossing over the MA 50 may indicate a positive shift, waiting for confirmation and additional signals supporting a sustained upward trend is essential. Rushing into the market without proper verification could expose us to unnecessary risks.
In light of this, I encourage you to closely monitor the market and monitor the price action following the MA 200 crossing. Exercise patience and wait for a new buying cross to occur, providing more vital indications of a potential upward trend. We can minimize risks and make more informed trading decisions by waiting for confirmation.
Remember, successful trading requires a cautious approach and the ability to analyze market conditions objectively. While the MA 200 crossing over the MA 50 may generate excitement, remaining patient and waiting for a more reliable buying cross is crucial. Doing so can enhance our chances of entering the market at a favorable point and achieving better trading outcomes.
BTC Drops Below SMA 50 100 with Negative Slow K
Bitcoin (BTC) has experienced a significant drop, breaching the Simple Moving Averages (SMA) of 50, 100, and 200, accompanied by a negative Slow K indicator.
As seasoned traders, we understand the allure of a "buy the dip" strategy, which has often proven to be a classic move in Bitcoin. However, it is crucial to approach the current situation with prudence and consider the potential risks associated with such a move.
The recent decline below the SMA 50, 100, and 200 levels suggests a shift in the overall trend, indicating a potential bearish sentiment in the market. Additionally, the negative Slow K indicator further strengthens this cautious outlook. While historical data may suggest that buying the dip has been a profitable strategy in the past, it is essential to acknowledge that market dynamics can change rapidly.
Given these indicators, I encourage you to exercise caution and carefully evaluate your investment decisions. It is advisable to re-evaluate your risk tolerance and consider the potential consequences of a further downturn in the Bitcoin market. Remember, preserving capital is equally essential as seeking growth opportunities.
Before making any investment decisions, conducting thorough research and consulting with trusted financial advisors or professionals experienced in cryptocurrency trading is always wise. They can provide valuable insights and help you navigate through these uncertain times.
While the current market conditions may present an opportunity for some, it is crucial to approach it with a cautious mindset. As traders, we must prioritize risk management and make informed decisions aligning with our investment strategies.
Please remember that the cryptocurrency market is highly volatile, and staying informed and adapting to changing market dynamics is essential. Stay vigilant, keep a close eye on the market trends, and consider seeking expert guidance when in doubt.
BTC Support Line Alert Brace for Potential Short-Term CorrectionToday, I want to draw your attention to a crucial technical analysis of Bitcoin (BTC) that calls for caution and careful consideration in the coming days.
As we closely monitor the market, it has come to our attention that BTC is currently hovering around its EMA 50 (Exponential Moving Average) support line, while the Relative Strength Index (RSI) is positioned at the neutral level of 50. Furthermore, the Chaikin Money Flow (CMF) indicator indicates a negative value, suggesting a potential bearish sentiment.
Considering these factors, we must exercise caution and prepare for the possibility of a short-term price correction in BTC. While the overall trend remains bullish, these technical indicators hint at a potential dip shortly.
Given this analysis, I encourage you to adjust your trading strategies accordingly and be prepared for a temporary decline in BTC's price. Setting realistic expectations and avoiding making impulsive decisions during this period is crucial.
To mitigate risk and make informed trading decisions, I recommend closely monitoring the market, monitoring key support levels, and utilizing appropriate risk management techniques. Additionally, it might be prudent to consider diversifying your portfolio to include other cryptocurrencies or hedging positions to protect against potential downside risks.
Remember, the cryptocurrency market is highly volatile, and it is essential to approach it with a well-thought-out strategy and a cautious mindset. We can confidently navigate potential price corrections by staying informed and adapting to changing market conditions.
If you have any questions or need further assistance adjusting your trading approach, please do not hesitate to comment.
Bitcoin Weekly UpdateHi Friends,
This week, in lieu of a video, I'm going to give the update via static post. Bitcoin is still ranging as I stated it might continue to do in my last video and the accumulation in this range is extremely bullish IMO. Now, I know there are many analyst who want to claim this is a Wyckoff distribution with the potential being down at this point. Although, this could be the case, I don't think so. I'm more inclined to believe the potential remain upwards at this point vs. down.
Of course, a break below my 29,900 level of support could mean I am wrong. And though, we have closed a candle or two below that level a couple of times, the market has never followed through with confirmation on the next. Indeed, ranging on this fence line has made many of my subscribers and followers nervous. And really, isn't that the whole point. The market movers are very aware of these psychological levels and will play traders until exhaustion sets in. I believe that is what is occurring rn. Many nervous longs may exit during this period. It is then that the prices could move swiftly up.
That green level that we're flirting with rn btw ...that marks (approximately) the body high of the June 10th candle of 2022 right when everything went to hell in a handbasket and BTC crashed from our price today of around 30,000 all the way down to 17,500 in just over a week! This is why it is so significant.
The fact that we made it through and are sitting above that orange major resistance area is a very positive sign for the bulls. I know, I know. Just barely. Still the accumulation up here has lasted almost a month now and I am thrilled. This is a huge win for the bulls.
And checkout that bull flag on my RSI chart!
Really, at this point though, to know more about what Bitcoin is actually going to do here, it's better to ignore Bitcoin. Not completely. As you can see, I am still tracking indicators from it's chart. But our macro-econ picture here in the U.S. is a great help. I have predicted for the last year that the market would become irrational, acting out against all fundamental indications regarding the longer-term economic picture which shows recession and long term stagnation on the way. I have stated that regardless of the clear picture that this is where we are eventually headed, before that, a blow-off top would occur. And that is exactly what is taking place right now. The dollar is crashing, the VIX remains at 2 year lows, and stocks are blowing up. These events are more significant to understanding where Bitcoin will go than anything.
Until next week, best on all your trades!
Peace y'all.
Stew
Why BTC Remains Profitable: SOPR > 1, but Caution is AdvisedGiven the current stability of BTC prices, I wanted to shed some light on an important metric that indicates Bitcoin's profitability and discuss the significance of HODLing for the long term.
As many of you know, the SOPR (Spent Output Profit Ratio) is a widely recognized on-chain indicator used to determine the profitability of Bitcoin transactions. When the SOPR is greater than 1, it suggests that the average investor is selling their BTC at a profit. This metric has proven to be a reliable tool for assessing market sentiment and predicting potential price movements.
Recent data indicates that the SOPR for Bitcoin has consistently remained above 1, indicating that investors are making profits from their BTC holdings. This finding serves as a testament to the resilience and profitability of Bitcoin as a long-term investment. However, it is crucial to approach this information with a cautious mindset.
While the SOPR > 1 is undoubtedly a positive sign, it is essential to consider the broader context of the market. The stability of the BTC price plays a pivotal role in ensuring the sustained profitability of Bitcoin investments. Therefore, I urge you to exercise prudence and carefully monitor the market conditions before making investment decisions.
In light of this, I strongly encourage you to consider the long-term HODLing strategy for your BTC holdings as long as the price remains stable. The inherent volatility of the cryptocurrency market often tempts traders to capitalize on short-term gains. However, we can reap substantial future rewards by embracing a patient and strategic approach.
By maintaining a long-term perspective, we can navigate through market fluctuations and capitalize on the potential growth of Bitcoin. Remember, the true power of BTC lies in its ability to act as a store of value and a hedge against traditional financial systems.
In conclusion, while the SOPR > 1 indicates the profitability of Bitcoin transactions, it is crucial to exercise caution and consider the stability of BTC prices. Embracing a long-term HODLing strategy and diligent market analysis can help us make informed decisions and maximize our returns.
Let us move forward with a sense of responsibility and awareness, ensuring that we make the most of the cryptocurrency market's opportunities. Together, we can navigate these uncertain times and emerge as successful traders and investors.
As a fellow trader, I encourage you to adopt a long-term BTC HODLing strategy, provided the price remains stable. Let's stay vigilant, monitor market conditions, and make informed decisions to secure our financial future.
Long BTC Mini invers H and S we buy, got in under 30K but just found time to post this trade. Probably a pop here. Not advise
Embrace the Roaring Bull: Consider Adding BTC to Your Portfolio As you may know, Bitcoin has been making headlines for years, captivating the attention of both seasoned traders and newcomers alike. It has proven itself as a resilient and groundbreaking digital asset, steadily gaining recognition as a store of value and a hedge against traditional market volatility. And now, with the current market conditions suggesting a bullish momentum, it's an opportune moment to hop on board and seize the potential benefits.
Why should you consider adding BTC to your portfolio? Well, let me share a few compelling reasons:
1. Accumulation Phase: On-chain data analysis indicates an increasing number of long-term holders acquiring Bitcoin, suggesting a strong belief in its future potential. This accumulation phase often precedes significant price rallies, making it an enticing opportunity for traders like yourself.
2. Diversification: By including Bitcoin in your investment portfolio, you can diversify your holdings and reduce the overall risk. The cryptocurrency market operates independently of traditional financial markets, offering a unique asset class that can potentially enhance your portfolio's resilience.
3. Market Momentum: Bitcoin has been experiencing remarkable growth over the years, and its acceptance as a mainstream investment vehicle is steadily increasing. With renowned companies and institutional investors embracing Bitcoin, the market sentiment is overwhelmingly positive, which could potentially fuel further growth.
Now that you're aware of the compelling reasons to consider adding BTC to your portfolio, it's time to take action! Don't let this golden opportunity slip away. Here's what you can do to seize the moment:
1. Conduct Thorough Research: Dive into the world of Bitcoin and educate yourself on its fundamentals, market trends, and potential risks. Knowledge is power, and being well-informed will help you make sound investment decisions.
2. Consult with Experts: Reach out to financial advisors or cryptocurrency experts who can provide valuable insights and guidance tailored to your specific investment goals. Their expertise can help you navigate the market with confidence.
3. Start Small, Scale Up: Begin by allocating a portion of your portfolio to Bitcoin and gradually increase your exposure as you gain confidence and witness the market's performance.
Remember, every journey begins with a single step!
Are you ready to embark on an exciting adventure in the world of Bitcoin? The potential rewards await those who dare to embrace this digital revolution! 🌟
If you have any questions or need further assistance, please don't hesitate to comment to reach out.
BTC range updateOn low time frame we are still within the range... Range low though... Lets take out liquidity first to add volatility on the charts... Otherwise we go sideways again...
CRYPTOCAP:BTC #bitcoin #Chart #BitcoinETF
BTC Bollinger Bands Signal an Impending Big MoveThe BTC Bollinger Bands have tightened significantly, indicating an impending big move shortly. For those unfamiliar, Bollinger Bands are a technical analysis tool used to measure volatility and identify potential price breakouts or reversals. When the bands tighten, it typically suggests that a significant price movement is on the horizon.
Given the current tightness of the Bollinger Bands, it is essential to exercise caution and carefully evaluate your investment strategy. This tightening often precedes a period of increased price volatility, which can lead to substantial gains or losses. Therefore, we should consider pausing any further BTC holdings until we have a clearer picture of the market direction.
While I am not advocating for panic selling or making hasty decisions, it is crucial to be aware of the potential sell pressure that may be underway for BTC. By remaining vigilant and closely monitoring the market, we can position ourselves to make informed choices and capitalize on any favorable opportunities that arise.
Please take some time to assess your current BTC holdings, review your risk tolerance, and consider the potential implications of the upcoming market movement. Additionally, it might be beneficial to consult with a financial advisor or engage in discussions with fellow investors who can provide valuable insights.
Remember, the cryptocurrency market is highly volatile, and it is always wise to approach it cautiously. We can navigate the market's uncertainties and maximize our returns by staying informed and making well-informed decisions.
