Bitcoin BTC price trading plan to the end of 2024Last week was full of macroeconomic events, we write about it at previous idea
The cryptocurrency market took them positively and grew on rumors.
There is a legendary quote: “Buy on rumors, sell on facts.”
Therefore, we do not rule out that this week OKX:BTCUSDT and the crypto market in general may plunge into correction.
Still, we need BTC.D - 57.7% and USDT.D - 5.50% to fall significantly lower for the market to really “come to life”
Fear and Greed Index (neutral) - 50
As long as CRYPTOCAP:BTC price is above $57,000 , it is globally in an upward trend and at the same time in a protracted consolidation since May 2024.
Perhaps a confident exit from this consolidation will take place in November, after the US elections on 05.11 and the next Fed rate cut on 07.11
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BTCUSDC
BTC in trend📊Analysis by AhmadArz:
🔍Entry: 62.200
🛑Stop Loss: 61.658
🎯Take Profit: 62.654 - 63.170 - 63.840
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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The price broke the descending channel on the 4-hour frame upwards but the broken channel is expected to be retested
Also, the 100 moving average is broken again
We have an uptrend on the RSI that is expected to be broken
We have a support area at the lower limit of the channel at 57700
Entry price 59700
Target 57980
Bitcoin BTC price is preparing for a “crazy” SeptemberIf we compare the stock market drops at August 05 and September 03, we can say that the crypto market is still holding up very well.
But we shouldn't relax, because there are a lot of events coming up in September that will set the tone for the Autumn:
1️⃣ September 6 - data from the labor market. July 5 and August 5 were extremely volatile downward after the data release. Now the market interprets and considers the most important indicator of the health of the US economy to be not inflation but the number of jobs created. Based on this data, on August 5, the market plunged into a not so pleasant weekend when CRYPTOCAP:BTC went below $50K.
2️⃣11 September - publication of the CPI and inflation data in the United States.
3️⃣18 September - the results of the two-day Fed meeting, the announcement of a rate cut. It's elegant that this day is also a full moon, conspiracy theorists are on the base)
4️⃣20 September - a hat trick - a day when stock options, stock index futures, and stock index options expire on the same day. This happens only four times a year - on the third Friday of March, June, September, and December, which can lead to a sharp increase in trading volume and volatility.
🍿 Preparing popcorn and soothing valerian)
And if you look closely, you can see how beautifully OKX:BTCUSDT price moves through white dynamic fibo channels, from border to border.
So use this information to your advantage, with profit!)
BTCUSD H4 Analysis: rate cuts decision today big move expectedMy dear friend and fellow trader, I am writing to you today with great joy and pleasure.
BTCUSD H4 Analysis:
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
BTC buy📊Analysis by AhmadArz:
🔍Entry: 57,157
🛑Stop Loss: 57,288
🎯Take Profit: 59,524 - 61,206
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
#BTC/USDT#BTC
The price broke the descending channel on the 4-hour frame upwards, but it is expected to retest the broken channel
As well as retest the 100 moving average again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 53400
Entry price 60200
First target 58900
Second target 57170
Sep 16,2024 short term bitcoin analysis Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency is approaching support at 58000 points, which may give a positive reaction. However, a break downwards through 58000 points will be a negative signal. The currency is assessed as technically neutral for the short term.
#BTC/USDT#BTC
Bitcoin price is moving in a descending channel on the 4-hour frame and is largely adhering to its borders.
The price has touched the lower limit of the channel, which is considered a support area in green at $53,000.
The price is now 54,600, which is the entry point.
The price is expected to reach the upper limit of the channel at $56,730.
$BTC is showing positive signs. CRYPTOCAP:BTC remains in a massive consolidation pattern due to the ETF pump, which overheated the market on the 1W timeframe. The MACD has reset, and we are currently in a downtrend.
However, the chart indicates that we may have reached the bottom at 48k, and we’re starting to see higher lows. The MACD also shows the potential for a cross at 0, which could signal a reversal within 2 to 4 weeks.
A new rising pattern is emerging, which could be the foundation for an uptrend reversal. If the MACD fails to cross at 0, consolidation may continue for another month or two, causing further pain for altcoins.
That said, we also observe a bullish divergence forming, which is another positive signal. Additionally, USDT dominance is at resistance and could be rejected.
In summary:
- Possible MACD 1W cross and reversal
- Emergence of a rising channel pattern
- USDT dominance at resistance
- RSI in oversold territory
These signs suggest that the market has cooled down and may be ready to resume its upward progress.
#BTC 15MIN Bullish candle BCZ of positive newsEmployment change in USA was better than expected 142K &
Unemployment rate was as expected 4.2 %
**************MAY BE BULLISH WEEKEND**************
************* NOTE**************
USA CPI will be announced on WED September 11, 2024
**************************************************************************
BINANCE:BTCUSDT
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**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR ****
#bitcoin
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#BTC/USDT Bounce Incoming! Futures Trade Setup!#Bitcoin : 10/10 So far! Bounce seems highly likely at this level.
RSI Bullish divergence in the hourly chart.
But of course, no one knows for certain in this kind of market!
Invalidation:- Daily close below $54018.18!
If you're looking for a swing Trade, $54890 to 56150 is a good range to accumulate long on spot!
Futures Setup Here:- There's a higher chance of this setup getting invalidated if we lose 55500 again so be careful to try to keep your entry as low as possible to keep your Stop Loss small.
Always use leverage below 5x!
Entry:-
$56150, (50% entry)
$55700, (20% Entry)
$54890 (30% Entry)
Targets:-
$57155
$57855
$58200
$59544
Stop Loss:- $53854
This is a risky trade so always do your research this is not financial advice.
Do hit the like button if you want me to post more!
Thank you
PEACE
Bitcoin - Where It Should Be Is Correct.
Bitcoin - Where It Should Be Is Correct
Bitcoin hovering around this price range in a sideways channel for a long period of time is exactly where it should be in cycle where weak hands get bored and sell to strong hands.
Z-Score showing no signs of anywhere near an overheated market, Spot ETF's are still very underallocated, the RSI Halving 100, Weekly repeating the same sideways "boring" market we have always seen.
When this trend eventually ends the price flips to the upside in a very short period of time catching most of the market off guard. Until the flip happens which looks like it will happen before year end, any Bitcoin price under $100,000 is a gift.
Eyes on Bitcoin. its looking more and more like 2017 as the weeks go on.
BTC, Let's keep it simple shall weAh, the crypto jungle, where even the bears like to dance! 🕺 So, here we are, staring at a mature bear flag on the daily chart like it's that ex you thought you were over, but they just keep showing up. And if this bad boy breaks down decisively, we're careening straight into the “Oh No Zone” with a potential target between 45k and 48.8k.
And what's this? A Death Cross? Sounds like a rejected name for a 90s metal band, but here it is, grimly reminding us that sentiment is shifting faster than a squirrel on a sugar rush. 🐿️
Now, while retail investors are nowhere to be seen (probably hiding under their beds), the whales are out there doing what they do best—hoarding like it’s Black Friday at a crypto sale. 🐳 And of course, rate cuts are looming like your landlord when rent's due, which in crypto-speak means bearish first, bullish later. It's like being told your rollercoaster ride is delayed but, hey, there's a free ice cream at the end! 🎢🍦
Meanwhile, Gold is out there flexing at an all-time high, giving Bitcoin the cold shoulder like it's a high school crush that just found a new date to the prom. And Bitcoin dominance? Still strutting its stuff, leaving altcoins to suffer in silence.
Over in the ETH/BTC corner, things are looking as bearish as my last attempt at a diet—good intentions, but no follow-through.
Good News? Who Cares!: Good news hits the market and... nothing happens. At this point, it’s like shouting into the void: “BTC ETF occurred! ETH ETF occurred! Halving occurred!” And the market’s like, “Meh.”
🇺🇸 All eyes are on the US Presidency coming up in 2 months. Until then, it's like waiting for your blind date to arrive—highly uncertain and probably not going to end well.
Yet, here I am, my degenerate self, telling you this might just be the perfect recipe for a great bull market! 🍲
But let's be real—experience tell me that caution is advised.
That's it, that's the idea - Good night
#BTC/USDT#BTC
#BITCOIN
The price is moving in an ascending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area at the lower line of the channel at $6200
We have an uptrend on the RSI indicator which supports the upside
We have a trend to stabilize above the 100 moving average which supports the upside
Entry price 62200
First target 64800
Second target 66800