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Bitcoin: Bullish on All TimeframesThis is Sunday evening and it is time for a Bitcoin TA. I will go accross multiple timeframes starting from 1W down to the 2H. On the monthly timeframe, we can look back to 2020. As of 2021, we experienced this year a 7 months in a row uptrend until March, after which holders have been struggling since. However, this cycle looks different, because price has been holding and accumulating in the upper area (78%) of the fibonnaci retracements. This month will close soon, and price should close above the exponential moving averages and print a long lower shadow candle pattern, if things continue like this. The volume profile is in sync with the fibonacci retracements, indicating key support levels at 58 800, 47 000, 38 800. On the weekly timeframe, a gigantic cup and handle is forming. The key resistance to break is at 70 000, and the pattern target would be 126 000. Moving averages remain bullish and the 50 MA made support in the first week of august. On the daily timeframe, we can see an increase in trading volume. A death Cross between MA 50 and MA 200 happened on August 10th but at such a low angle (1.36) that it was not really significant. Today, price is trading above both MAs and remains bullish. The 4 hours timeframe is showing clear higher lows and higher highs, both on price and RSI. The parabolic SAR circles are mainly green than red indicating bullish action. The 2 hours timeframe is plotting a Bullish Pennant, with a target at 69 000. The Bollinger Bands are indicating that a breakout is likely to happen soon, followed by a big move in price.
BNC:BLXLong
by cyatophilum
1
Bitcoin miners could be making $14 billion annually via AI Bitcoin miners have a shot at pulling in an extra $14 billion every year by 2027, but not by sticking to just mining Bitcoin. The real money could be in feeding energy to AI and high-performance computing (HPC). According to VanEck, these miners have the power AI companies desperately need, and the potential profits are massive. With AI demand for energy skyrocketing, miners could be sitting on a goldmine—if they play their cards right. VanEck sees a big arbitrage opportunity here—basically, Bitcoin miners could be undervalued when you consider their potential role in the AI sector.
BINANCE:BTCUSDShort
by ShumbaFx07
Bitcoin's Wobbly Recovery: Death Cross Looms LargeBitcoin (BTC) has experienced a rollercoaster ride in recent days, with a 4% price rebound following a sharp decline that sent shivers down the spines of investors. The digital currency's volatility has been exacerbated by the ominous specter of a "triple death cross," a technical indicator that often precedes significant price drops. The triple death cross occurs when three key moving averages converge, signaling a bearish trend. While not a definitive predictor of market movements, it has historically been associated with downturns. This technical pattern, coupled with negative funding rates and a general risk-off sentiment among traders, has fueled concerns about a potential plunge below the critical $50,000 level. Funding rates, a measure of market sentiment, have dipped into negative territory, indicating that traders are increasingly bearish on Bitcoin's short-term prospects. This pessimism is likely influenced by a combination of factors, including macroeconomic uncertainties, regulatory concerns, and the overall crypto market's volatility. Despite the recent price recovery, Bitcoin's inability to capitalize on positive news, such as strong economic data, has raised eyebrows among analysts. Some experts believe that the cryptocurrency's underperformance compared to other assets like gold highlights a broader loss of investor confidence. However, not all analysts are convinced that a catastrophic price drop is imminent. Some point to Bitcoin's historical resilience and argue that the current weakness could be a buying opportunity for long-term investors. They emphasize the importance of maintaining a long-term perspective and avoiding panic-selling. As the crypto market remains highly volatile, traders and investors alike are closely monitoring Bitcoin's price movements. The formation of the triple death cross and the accompanying negative sentiment have undoubtedly created a challenging environment, but the ultimate direction of Bitcoin's price remains uncertain. Only time will tell whether the digital currency can weather the storm and resume its upward trajectory or if it will succumb to the bearish pressures and plunge below the crucial $50,000 support level. Disclaimer: This article is for informational purposes only and does not constitute financial advice. It is essential to conduct thorough research or consult with a financial advisor before making investment decisions.
BITSTAMP:BTCUSDShort
by bryandowningqln
6
#BTC/ETH#BTC #BITCOIN The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well, and the price has reached the upper limit of the channel The price is now $22.40, which is the entry price Targeting the $21.50 area, which is the lower limit of the channel There is a strong resistance point at the upper limit of the channel that supports the decline We have a trend-hop on the RSI indicator, but more declines are expected on it
Long
by CryptoAnalystSignal
#BTC/USDT#BTC Bitcoin Bitcoin price is moving in a sideways channel on a 1-hour frame. It is expected that the price will touch the lower limit of the channel at $59,600 and bounce from it upwards to the upper limit of the channel at $61,800. Which is considered a pivot point, which pushes the price down as expected to $57,800, which is a strong support level. We have a support area in green at $57,800 after the price touched it and bounced from it We have a trend to stabilize above the moving average 100 We have a downtrend on the RSI indicator that supports the price upwards, canceling the pattern in the event that the pattern is broken upwards and a candle closes above the $62,000 area, which supports further upwards
Long
by CryptoAnalystSignal
BTCUSD opportunity to buy backBTCUSD analysis on 12/08/2024: BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity. The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200. Recommended orders: Plan 1: LONG BTCUSD zone 56300 - 56600 SL 56000 TP 57700 - 59000 - 60000. Plan 2: LONG BTCUSD zone 53000-53200 SL 49600 TP 55100 - 57700 - 60000.
COINBASE:BTCUSD
by wetdyerap
4
Bitcoin's Falling Wedge: A Cautious Approach The cryptocurrency market is renowned for its volatility and unpredictability. While technical analysis tools like the falling wedge pattern can offer potential insights into price trends, it's crucial to approach them with a critical eye. Even after identifying a seemingly bullish pattern, several factors warrant caution when considering Bitcoin as an investment. The Falling Wedge: A Double-Edged Sword A falling wedge is a chart pattern that indicates a potential bullish reversal. It's characterized by a narrowing price range with lower highs and higher lows. However, it's essential to remember that patterns are not foolproof predictors of future price movements. They are merely tools to help analyze market sentiment and potential trends. Moreover, the formation of a falling wedge doesn't necessarily guarantee an immediate or sustained price increase. It's possible that the price could consolidate or even decline further before breaking out. Additionally, the cryptocurrency market is influenced by a multitude of factors beyond technical analysis, including regulatory developments, macroeconomic conditions, and investor sentiment. Fundamental Risks Persist Beyond technical analysis, Bitcoin faces significant fundamental challenges. The cryptocurrency's price volatility, energy consumption concerns, and regulatory uncertainties continue to pose risks for investors. • Volatility: Bitcoin's price has historically exhibited extreme volatility, making it difficult to predict short-term movements. While this volatility can create profit opportunities, it also exposes investors to substantial losses. • Energy Consumption: The energy required to mine Bitcoin has drawn criticism for its environmental impact. Governments and regulatory bodies are increasingly scrutinizing the cryptocurrency industry, which could lead to stricter regulations or even bans. • Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains unclear in many jurisdictions. This uncertainty can create legal and operational challenges for businesses and investors alike. Alternative Investment Opportunities Considering the risks associated with Bitcoin, investors may want to explore alternative investment options. Diversification is a key principle of sound investment strategy, and allocating assets across different asset classes can help mitigate risk. • Traditional Assets: Stocks, bonds, and real estate offer more established investment avenues with potentially lower volatility and greater diversification benefits. • Other Cryptocurrencies: While the cryptocurrency market as a whole is volatile, some altcoins may present more attractive risk-reward profiles than Bitcoin. However, thorough research is essential to identify promising projects with solid fundamentals. • Emerging Technologies: Investing in companies or funds focused on emerging technologies, such as artificial intelligence, biotechnology, or clean energy, can provide exposure to high-growth sectors. Conclusion While the appearance of a falling wedge pattern on Bitcoin's weekly chart might be tempting for some investors, it's crucial to maintain a cautious approach. The cryptocurrency market is highly speculative, and past performance is not indicative of future results. By carefully considering the risks and exploring alternative investment options, investors can make more informed decisions and protect their portfolios. Ultimately, the decision to invest in Bitcoin is a personal one that should be based on individual risk tolerance, investment goals, and a thorough understanding of the cryptocurrency market. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research and consulting with a financial advisor is recommended before making investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
[Recap] BTC move sideway since touch warning zoneNOTE: This is my personal opinion recap Bitcoin's price movement in last 4 months. This is not investment advice!!!. The market always has risks and opportunities. Please consider carefully before making any decision! Looking back to March 11, 2024 since we warning the FOMO zone at ~71k5 in previous post: . The price tends to move sideways, creating this price range. Combining the two indicators S1 and I2 shows that there are many possible reversal directions that can be noticed. The closer this zone is to the middle of the cycle, the stronger the force. The reversal zone is determined when the I2 state changes. Currently, the price tends to move out of the sideway zone so there are no signals that are no longer relevant. Hopefully we can detect signals when prices tend to accumulate to have growth opportunities. Price barriers also give signals when combined.
by steadforwardx
BTC vs VIX A combined chart between the VIX indicator with Bitcoin and a separate Bitcoin chart (below) and the resulting in front of you: - The built-in BTC/VIX top section shows that yesterday its movement reached the bottom of the trend. - The arrival of the BTC/VIX indicator for the trend every time means that Bitcoin has achieved a bottom. - The strange thing is that this time it is equivalent to major lows: the bottom of 2015-2020 (Corona)-2022. Although the break is monthly and volatility and pressure may continue, it makes clear that this month is August the lowest number that Bitcoin will record before the main high.
BITSTAMP:BTCUSDLong
by NaiF_CHarT
Bitcoin's Rollercoaster: A Temporary Respite or Precipice of a CBitcoin, the digital currency that once seemed invincible, has undergone a tumultuous period. A dramatic plunge from its peak to a low of $49,300 sent shockwaves through the crypto market. However, a surprising recovery has seen it rebound to $56,000. This raises a critical question: is this a reprieve before another, more devastating crash, or the beginning of a renewed bull run? Factors Fueling the Fall To understand the potential trajectory of Bitcoin, it's essential to examine the factors that precipitated its decline. Macroeconomic conditions, including rising inflation and interest rate hikes, have cast a long shadow over risk assets, and Bitcoin is no exception. Regulatory uncertainty, particularly in the United States, has also contributed to market volatility. Additionally, concerns about the environmental impact of Bitcoin mining have led some investors to reconsider their positions. The Rallying Cry The recent recovery can be attributed to several factors. Firstly, a wave of buying from institutional investors has helped to bolster Bitcoin's price. These large-scale investors often view market downturns as buying opportunities, believing that Bitcoin's long-term value proposition remains intact. Secondly, the ongoing development of Bitcoin's underlying technology, including advancements in scalability and privacy, has continued to attract investor interest. Finally, the growing adoption of Bitcoin as a payment method by major corporations has reinforced its status as a digital store of value. A Fork in the Road While the current rebound is encouraging, it's crucial to approach it with caution. The cryptocurrency market is inherently volatile, and past performance does not indicate future results. Several factors could derail the recovery and push Bitcoin back into a bear market. For instance, a more aggressive monetary tightening policy by central banks could trigger a renewed sell-off in risk assets. Additionally, increased regulatory scrutiny or negative publicity surrounding Bitcoin could erode investor confidence. Looking Ahead Predicting the future of Bitcoin is a complex endeavor. However, investors can make more informed decisions by carefully considering the factors outlined above. Those with a long-term investment horizon may view the recent dip as a buying opportunity, believing that Bitcoin's underlying value proposition remains intact. On the other hand, short-term traders should exercise caution and be prepared for increased volatility. Ultimately, the fate of Bitcoin will depend on a confluence of factors, including macroeconomic conditions, regulatory developments, and technological advancements. As the cryptocurrency market continues to evolve, it's essential to stay informed and adapt to changing circumstances. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies carries significant risks, and it's essential to conduct thorough research before making any investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln