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BTCUSDC

#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
BTCUSD - Short Term RSI Divergences and Key Price MovmentHello, Despite the recent bearish trend, the bullish RSI divergence suggests a potential rebound. This divergence often signals a weakening of the bearish monentum and a possible upward price movement. My Bias Bearish in the short term due to the series of lower highs and lower lows. However the bullish RSI divergence suggest a potencial rebound or at least a temporary halt to the downtrend. My Entry/Exit Strategy: Entry Point: Considering the bullish divergence, entering a long position around the current price level of $60,900 could be a strategic move Stop Loss: To manage risk, set a stop loss slightly below the recent low at around $56,000. Take Profit: Potential profit targets could be set around the $64,000 resistance level an d if bullish momentum continues towards the $72,000 peak Future Prospects Watch for a break below the $56,000 support level to confirm continued bearish momentum break above $64,000 signal the end of downtrend and a resumption of bullish activity. For Traders: Given the bullish RSI divergence, consider entering a long position while monitoring key support and resistance levels. Ensure proper risk management with stop losses in place. Regards
COINBASE:BTCUSDLong
by kashifone1
Is Bitcoin ($BTC) heading toward a -50% correction Armageddon?Is Bitcoin ( CRYPTOCAP:BTC ) heading toward a -50% correction Armageddon? That is what the weekly chart seems to suggest. I hate to be the pessimistic guy, but you don't need to be a trading and charting expert to see the similarities between 2021 and 2024. What could trigger this massive correction is the incredible pump that the ETF has created. Imagine, for the first time in its history, Bitcoin has reached a new all-time high BEFORE the halving! That proves how much excitement and overheating the market experienced. Unfortunately, the stronger the pump is, the harder the correction will be. We can compare the 2021 chart on a weekly basis, and there are too many similarities for them to be coincidences. Because of the huge ETF pump, the MACD has gone ballistic, and now Bitcoin is way overbought. The main concern is that it is on the weekly chart, so resetting this indicator will take about 2-3 months, which gives a lot of time for the price to move down and up until we finally reach a reversal, likely after an estimated 50% dump. In this scenario, the bull run would have a double peak, like the one in 2021, with another bullish phase once the correction is finished, reaching the final goal of this bull run approximately at the end of 2024. The RSI and volume are also confirming this scenario. The EMAs are positioned at the same distance from the action price. This scenario is scary. We could see a -80% correction in altcoins. I hope to read your comments invalidating this idea, because if this happen, I am definitively going back to work at McDonald!
Short
by CryptoNikkoid
8
Bitcoin BTC price, new FED rate and Powell's speech 31/07/24Today at 18.00 UTC , the Fed will announce a new rate, followed by Powell's speech. At the very least, increased volatility is guaranteed for the evening, so hedge your positions and uses stop orders and stock up on popcorn 🍿 Trading with leverage during this period is not worth it. 🤫 96% for the rate to remain unchanged - 5.5% 👎 4% for a rate cut to 5.25% today) 🔼 A rate cut is definitely an unexpected positive and a very likely breakthrough of the OKX:BTCUSDT price upwards, according to the 🐳 blue scenario. 🔽 Leaving the rate unchanged + Powell's standard comments: “the dynamics are good, but it's still far from the desired 2% inflation and blah blah blah... - this is a continuation of the correction of the CRYPTOCAP:BTC price to $62000 according to the 💔 red scenario So which scenario is closer to your heart: 🐳 or 💔 ? Write at comment (50 🚀 and we will add BTC.D and USDT.D charts to this idea)
by P_S_trade
11
BTC - ShortBTC - Short to 56,251. BTC has been going sideways since Feb 29th, 2024, respecting the sideways channel well on the daily charts. We've seen some selling here following the "M" pattern that played-out over the last 2 weeks. MACD shows some buyers coming-in but overall, we still see selling as we approach neutral. On the fear & greed index, we still have not reached peak greed so if we see a death cross on MA's in the next week, BTC can test the bottom of the sideways channel. This is normal market action...we've seen BTC ripping higher for quite some time, nothing goes straight up! -Short from 60,700 to 55,648. -Invalidation 65,273 Timeframe, 4 days to a week.
CRYPTO:BTCUSDShort
by DClayton