BTC💰 - Historical log chart🚀Will history repeat... Can bulls reclaim that MA200 next and push to get that MA50 back above the MA100 (Golden cross) on HTF..
Keep in mind this could take months to complete as the chart is HTF -Weekly
Even if we had to visit the major 0.886 around $11k now or early next year after a relief rally..
BTC could easily reach $240 - 300k by 2024/2025.. Looking at historical data and the growing adoption etc
Looking at the current user/ wallet growth per year.. We are steadily heading towards a "breakout" in the % of the population that actually use cryptocurrency..
Look at other tech for example.. Internet, cell phones.. etc..
Just think about Facebook 10 years ago almost nobody over 35 -40 years old even knew how to use it and just look today.. Geez, even grandma and grandpa are using it and interacting on posts +sharing etc..
It's coming.. And we are here sooo early and have a massive advantage above +95% of the earth's population..
PATIENCE is needed!!
Even if we go for 1 more dump... Zoom out and look at the big picture and ask yourself what you are doing in this space..
As Warren Buffet has said.. "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes"
That is why I have started laddering into my spot positions since June this year, if we go for 1 more towards the downside thb I don't mind will DCA and enter new lev positions as I will get stopped out in profits let's GO..
By 2025 I want to be a Billionaire, not a basement day trader.. My mind is focused on the big picture and I am unaffected by FUD..
Most try and time the exact bottom/top and end up fomoing into the market when real traders TP then fear sell... And repeat..
Trading isn't easy if you are not mentally prepared to stick to a logical strategy and plan.. And personally, I believe in a HTF strategy of starting accumulation when the HTF Indicators are into the oversold region and we start testing HTF demand zones..
Not saying I bought the bottom but I can guarantee you that when I sell my spot 24/25 with huge returns I definitely won't be looking back..
Imo the crypto space is currently entering an era that will see more and more adoption, new cellphones will be using blockchain tech and you'll start seeing "super wallets" that you can tap and pay using crypto.. In a few years, it will become the norm and everyone and their gran will be using it..
The first 5-10% of global adoption is always a painful and slow process but then BOOOOM out of nowhere it just takes off and that's when we really get paid.. I truly believe we are still early.
From 2025 you can imagine if BTC let's say tops out around $240 -320.. A standard 0.618 retrace would mean $150 -200k pullback lol
The digital era is here and we will forever move deeper into it as time progresses..
And with governments and corruption around fiat + constant "printing themselves out of trouble" the general public is losing confidence in the current monetary system and the people controlling it.. This will eventually be the major catalyst for change imo
Btcusdforecast
Might me the bottom?!Bitcoin is making Adam n eve pattern on weekly! or can say double bottom. Keeping an eye. Just DCAing my 50% here and will keep 50% in cash, just in case for final capitulation. I remember last time when everyone was expecting it to go further down it didn't and rn it feels like euphoria where everyone is like we're going down but that hit me..like really? Willing to getting rn. yet wanna play safe. Keeping Cash and Coins.
BITCOIN: IN A CRUCIAL POINT.Hello traders, I hope your weekend went well. Here's a quick update on BTC.
Timeframe: 3 hours.
Preview: In our previous update, we discussed the bounce back on BTC from the $19.2k support level. Unfortunately, it didn't go according to plan. But the 3 hours chart is still showing something positive.
Update: My previous 3 hours update still remains valid compared to the 4 hours chart. In this 3 hours TF, BTC is still holding the supporting trendline which is a positive thing for the market. The RSI has reached its oversold range and anytime soon we can see a good rally on BTC. This is indeed a crucial point for BTC. If BTC manages to sustain this level, we will possibly see a rally soon, if not then we can expect a further drop in the market. For spot-holding, a breakdown will be a good opportunity to accumulate BTC.
I hope this update is helpful for you all.
Trade safely.
Will the "Green October" be repeated this year on cryptomarket?Consolidation in the cryptocurrency market continues.
The result of such a protracted consolidation will be a strong impulse movement, the only question is where?
As you can see from the iconography shown on the BTCUSDT chart, in the previous years of trading 7 out of 9 Octobers were green, that is, the market was growing
In the current situation, it is like a ray of hope in a chaotic, protracted and dark downtrend.
The chance to work out the double bottom pattern, which we described in the previous idea, is still relevant:
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BTC/USDT - Possible bearish XABCD formation! BULLS ARE BACK!Considering the inverse effect of DXY its still not too late to short sell BTC.
Following my previous analysis of Double Top Reversal, BTC continues to drop further. Currently my analysis is based
on the inverse effect $ has on BTC. My biased is to take a safe short trade upto TP1 as marked.
BITCOIN: HERE WE GO! Hello traders, I hope your weekend is going well. Here's a quick update on BTC.
Timeframe: 4 hours.
Preview: Previously, we discussed the $19.4k support level and the possible bounce back but we saw the price moving a bit more downward.
Update: In this 4 hours chart, we can see that BTC holds a good support level at $19.2k and can literally see it bouncing back. Now, I am not expecting a massive rally on BTC (per the bearish situation) but at least a rally toward $19.8k to $20k would be great.
Conclusion: As per the market scenario, A rally toward $20k awaits for BTC. For now, I am long on BTC with SL below $19k. If BTC breaks down and closes below the trendline then I am gonna open a short position once again.
That's it from my end. I hope this idea is helpful for you.
Thank you for all your support.
Trade safely.
BITCOIN: MUST BOUNCE.Hey guys, a quick update on BTC.
Timeframe: 3 hours.
Preview: In my previous update, I clearly mentioned this drop and if you have followed it, you must have made good profits by now.
Update: There's a lot going on in the market right now and to be honest this drop isn't good for the bulls. Here's the catch though, we have slight support in the $19.4k range. If BTC manages to hold this support then we can expect a bounce in the market and if it fails to do so, $19k is the level I am expecting.
The RSI on the other hand is making a hidden bullish divergence in the 3 hours timeframe. Things are looking pretty interesting right now.
Well, that's it for now. I have booked some good profits on my BTC and ETH short positions. I am still holding 25% of my positions for further breakdown. If there's any confirmation for a bounce back, I will go long.
What do you think about the recent dump? Do you think it will continue or do even you expect a bounce back? Share your views in the comments.
Thank you so much for your support. God bless and trade safely.
BTC Trading Plan Crypto market update
Pakistan Time: 04:40 PM
Bitcoin support levels - 19,600 and 19,000 USD strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - 20,500 and 21,500 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis -
For Bitcoin Bullish momentum, Bitcoin need to give Candle closing above $20,500
$19,600 is working as a good support level for Bitcoin. If Bitcoin continues to move down then we can expect a reversal sign at that support level.
Today Important three important fundamental data is being released at 5:30 PM Pakistan time:
US Average Hourly Earning
Non Farm Employment Change
USA Unemployment Rate
New members/ members who don't have more than 1 year trading experience should NOT trade during 5-6 PM Pakistan time.
Bitcoin - a weak resumption of movement.The instrument shows a weak resumption of buying after the breakdown of the trendline. After stopping the movement, the price is in the upper boundary of the trading range. On the background of the fact that important news are coming out today, higher volatility is expected.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
Translated with www.DeepL.com (free version)
BTC ANALYSISBTC UPDATE.
BTC is currently trading in rising wedge with upper band acting as the resistance and btc needs to close above this level for long positions.However,btc aslo making the double top at the resistance $ close below the neckline of the doule top will result in dump again.It would better if wait for long position and can take short positions with less leverage as we are still trading in seesaw range.
Bitcoin Crypto market update
Pakistan Time: 10:57 AM
Bitcoin support levels - 19,500 and 19,000 USD strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - 20,500 and 21,500 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis -
BTC support is at 19500 and Resistance is at 20500. We need more confirmation for 20,000 support level.Looking at 4 hour chart, BTC is right at 20 EMA, if its support from 20 EMA breaks then it can test 50 EMA around 19745. You MUST consider 19500 Support and 20500 resistance in your risk management.
BTC dominance is at 40% and Total Crypto marketcap is at $956 billion.
Today Important three important fundamental data is being released at 5:30 PM Pakistan time:
US Average Hourly Earning
Non Farm Employment Change
USA Unemployment Rate
New members/ members who don't have more than 1 year trading experience should NOT trade during 5-6 PM Pakistan time.
Bitcoin Btc Trade IdeaCrypto market update
Pakistan Time: 08:46 AM
Bitcoin support levels - 19,500 and 19,000 USD strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - 20,500 and 21,500 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis -
BTC got rejection from 20400-20500 resistance level. Further confirmation is required to confirm 20,000 as support again. Current support is 19500 and resistance is 20500. Trade carefully and manage your risk according to support and resistance levels.
BTC closed its daily candle red at 19960. Opening was at 20158, High was at 20456 and low was at 19853.
Btc Bitcoin Trade Plan Crypto market update
Pakistan Time: 12:00 AM
Bitcoin support levels - 18,500 and 19,500 USD strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - 20,500 and 21,500 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis - BTC was unable to break 20,500$ level of resistance as we had no volume therefore btc got rejected from the resistance level but we are still able to hold 20,000$ level on 4h Candle which is good, as long as we are above 20,000$ we might see another retest of resistance level and if we see a good volume we might be able to break the resistance as well, Manage your risk accordingly
BTC - Selling SignalBYBIT:BTCUSDT
4H time frame
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BTC stops making higher high, and it is approaching the the top of the ascending channel, which means resistance.
Also,it broke the uptrend line and forms a double top here; therefore, open short is better.
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Entry: 20100
Add: 20250
TP: 19650, 19550, 19300
SL: 20320
Btcusd bitcoin Btc Crypto market update
Pakistan Time: 5:33PM
Bitcoin support levels - 20,000 USD and 19,600 USD strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - 20,500 and 21,500 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis -
Bitcoin is forming a double top which is bearish pattern and soon we will see drop in Bitcoin price. Price may touch the support area of $19,600 where 200M.A also lying
There are are still signs of struggles in the crypto market.
The US Federal Reserve controlling measures against inflation.
With its approach of increasing interest rates and tightening other financial operation
Don't trade without stop loss