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Btcusdlong

Bitcoin's Extreme Futures: $15 or $ 50,000,000?!!Hello Traders, I'm excited to share a unique analysis of Bitcoin, the leading force in the crypto market. This analysis delves into the long-term trends on a weekly chart, viewed on a logarithmic scale. When I began studying the curvature of Bitcoin's price movement, I observed what appears to be a quarter-circle or elliptical pattern forming over the years. This curved channel, which I've approximated using the Fibonacci circles tool, suggests that we're nearing a critical turning point. Why do I think this way? The key lies in the slope of the chords within this curve. As the slope decreases—from 66 degrees down to 34, 21, 12, and finally 2 degrees—it indicates that we are at the top or the peak of this quarter-circle. The 2-degree slope, which is minimal, suggests that we are at a crucial point where the curvature, spanning 15 years, might lead to a significant shift in Bitcoin's trajectory. Given the significance of this curvature and the time it represents, we're faced with two possible scenarios: Scenario 1 (Bearish): If we apply a mirror to the quarter-circle, Bitcoin could correct by 50% on a logarithmic scale, potentially plummeting to as low as $15. This drastic scenario might be triggered by extreme global events, such as a major energy crisis or even a world war. Scenario 2 (Bullish): On the other hand, if we mirror and flip the quarter-circle to form a full wave, Bitcoin could soar to unprecedented heights, potentially reaching $50 million. Such a surge might be driven by a civil war in the United States, a global currency war, or other major upheavals in the financial system. In conclusion, the current time and date are pivotal as they could significantly influence Bitcoin's future trajectory. This analysis is hypothetical and intended to stimulate discussion and exploration of possible outcomes based on the algorithmic scale. Whether Bitcoin is heading towards a substantial correction or an extraordinary rise, this phase could potentially redefine the limits of what we currently envision in the cryptocurrency world. CRYPTO:BTCUSD
CRYPTO:BTCUSD
by Eymen-GUVEN
1
BTC Weakness Signals Potential Downside—Key Levels to WatchYello, Paradisers! Are we on the verge of a significant move in #Bitcoin, or will we continue to range within these tight boundaries? Here’s what we’re seeing in the charts right now: 💎#BTC has been stuck in a narrow intraday range. We're holding at the macro range low, but as long as BTCUSDT remains above $58,000 on a closing basis, we’re still in a relatively safe zone. 💎On the micro level, BTCUSDT.P is showing signs of weakness. Despite attempts to rally, the price hasn't managed to close above the $61,580 level—a critical range low zone. This indicates a potential lack of strength in the current price action. 💎A 1-hour order block has formed around $59,617, which BTC is likely to test soon. 💎A significant demand zone lies between $57,289 and $56,653. If BTC moves down to this area, we could see a bounce back to reclaim the internal range low, which has probability to happen. 💎If BTC reclaims the internal range low, expect resistance at both the order block around $59,617 and the macro range low at $61,363. 💎A strong candle close above the macro range low, accompanied by significant volume, could indicate a shift in trend, paving the way for a more bullish outlook. 💎On the flip side, if BTC closes below the demand zone, we might be looking at a deeper discount, with the potential for further downside. Stay vigilant, Paradisers! The next few moves in BTC will be crucial in determining the trend. Keep your eyes on these key levels and prepare to adjust your strategies accordingly .Discipline and patience will be your best allies in navigating this market. Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
Bitcoin Hashrate Emerges as Valuable Asset in Financial MarketsThe financialization of Bitcoin hashrate is rapidly emerging as a unique investment opportunity. Bitcoin's economic structure, especially the halving events every four years, pressures miners to optimize costs, driving them towards two primary energy strategies: grid-tied and co-location with power generators. Grid-tied miners benefit from economies of scale and participate in demand response services, while co-located miners target renewable energy sources, exploiting mismatches in energy demand and supply, according to Coindesk. As Bitcoin mining continues to evolve, hashrate is being recognized as a distinct commodity with features like fungibility and divisibility, making it an attractive asset class. Investors can now engage in mining without owning hardware, using derivatives to hedge against price fluctuations. The profitability of mining is determined by the difference between hash price (market value of mining power) and hash cost (expenses related to mining). A profitable operation requires the hash price to exceed hash cost, with competition and energy costs influencing this dynamic. The market has also seen the introduction of hashrate-linked financial products, providing more data points to predict network events' impact on blockspace demand and transaction fees. For instance, during periods of high blockspace demand, miners can lock in future revenue by selling hash price futures. As Bitcoin's ecosystem continues to grow, the role of hashrate as a tradable asset is expected to gain further significance, attracting more attention from capital markets.
BINANCE:BTCUSDLong
by ShumbaFx07
BTC Long - Comparing to Global M2GLOBAL MONEY SUPPLY vs CRYPTO Relation Global Money Supply Breaking Upwards has historically led to All of Crypto Breaking Upwards CRYPTOCAP:BTC CRYPTOCAP:SOL CRYPTOCAP:ETH etc Right now, Global Money Supply (Global M2) is breaking upwards to new all-time highs. Publishing to follow, as I am relatively 'newer' at using macro tools such as Global Money Supply (Global M2) in relation to projecting crypto greater cycles Cheers -@CryptoCurb
Editors' picks
INDEX:BTCUSDLong
by CryptoCurb
22
DON'T LOSE HOPE: BTC LOVES DecembersOver the past few years, BTC has shows affinity for Decembers. If you've been following for a while, you'll know I've been on about this "multi-month" cycle that eventually leads to another BTC ATH before the bearish cycle starts. And it's been exactly that - a mulltimoth period of sideways trading and corrections. However, considering how BTC usually increases in Decembers I'm inclined to say we may yet see our final ATH in the last quarter of the year; specifically towards the end of the year. Currently in the 4h, we can see a strong V-shaped recovery after a dip to 49 000. The dip doesn't bother me in the least bit, because this is the original target I had from Elliot Wave analysis months ago: We're still making higher lows, and even if we trade just over and under 60K for a period I will sleep easy. _______________________________ BINANCE:BTCUSDT
Long
by CryptoCheck-
2
THE GREATEST LONG // BTCUSD (August 2024)Fiat is flowing fluidly into TOTAL after the after-math of this weekend's price action 2740 was the key level in which the dive to sub-2k level on Ethereum happened BTC/ETH dominance will stagger as alt-coins receive liquidity It's a little late for alt-coin summer, but at least we have alt-coin autumn now It is beyond contrarian to open a long position when everyone else is shaking in fear, but it's now or never if you want to catch the ride up to 100k BTC. You heard it here first. Best in all, dysonring2050
KRAKEN:BTCUSDLong
by dysonring2050
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
Major Correction in Bitcoin: Is Next Bull Run Around the Corner?Yello, Paradisers! Is #BTCUSDT on the verge of a major breakout, or are we headed for a deeper correction? 💎After testing the lower descending supports, #Bitcoin had a massive upside run, hitting strong horizontal resistances between $67,300 and $68,200. This rally has now paused, and the price has entered a corrective phase. 💎Since this morning, selling pressure has dominated, but Bitcoin found support in the $63,400 to $62,950 region, reinforced by both horizontal and EMA-based supports. This support level is witnessing strong short-covering. If Bitcoin can maintain this support over the next few hours, a rebound towards $65,300 and $66,800 is likely, potentially challenging strong resistances ahead. 💎However, if this support fails, we could see a drop towards the Fibonacci and strong horizontal supports between $60,000 and $58,000. A decline to these levels would also fill the CME gap. 💎If Bitcoin can maintain its minor support region over the next few hours, price could see a rebound targeting $65,300 to $66,800. Overcoming these levels is crucial for Bitcoin to challenge its key descending resistances. Breaking through this pivotal descending resistance at $69,800 to $70,250 could trigger a significant bull run. Stay sharp, Paradisers, and monitor these key levels closely. Discipline and patience are essential for navigating these volatile times. MyCryptoParadise iFeel the success🌴
BINANCE:BTCUSDLong
by MyCryptoParadise_Jack
4
Bitcoin All Time High NOT PRICED IN YETFor weeks now, I've been talking about why the all time high for Bitcoin is NOT YET in. (Proof here) Here are the main reasons why. 👉 Elliot Wave Theory I've been discussing EWT for many weeks alongside with the bearish M-Pattern that marked the beginning of the corrective wave (3-4). Once the corrective wave finishes, which I expected to be a multi-month playout, the final impulse wave up awaits us (4-5). 👉 Bitcoin-Dominance Increasing & ALTS Bottom Considering MANY alts have seen bottom patterns after corrections (as discussed in the video), its safe to say the dump is over. But BTC.D is still increasing... If you want to further understand WHY this is a good sign, see HERE: _____________________________ KUCOIN:BTCUSDT CRYPTOCAP:TOTAL3
Long
by CryptoCheck-
BTC H4 CONFIRM MOVEBITSTAMP:BTCUSD (BTC) extends its recent correction move and falls to nearly $64,000 on Thursday. CEO David Bailey confirmed Kamala Harris will not speak at the upcoming Bitcoin Conference, while the Ferrari Luxury Car Manufacturer announced the acceptance of crypto payments across Europe. Meanwhile, the bankrupt Mt. Gox exchange continues to move funds to pay its creditors. On-chain data reveals a positive exchange inflow, indicating ongoing selling pressure in the market.
BITSTAMP:BTCUSDLong
by Senorita71
BTC/USDI trust this message finds you in good spirits. Today, I am thrilled to share a strategic investment opportunity with you, backed by extensive analysis and market research. Our current recommendation is to buy BTC/USD within the price range of $55,000 to $56,000, targeting a subsequent rise to $60,000. Our analysis indicates several key factors driving this recommendation: Market Trends: Recent market trends and trading patterns suggest a bullish movement for BTC/USD, making this an opportune moment for entry. Technical Indicators: Various technical indicators, including moving averages and RSI, are signaling potential upward momentum. Fundamental Analysis: The underlying fundamentals of Bitcoin, such as increased adoption and positive news in the cryptocurrency space, further support this bullish outlook. This trade presents a substantial opportunity for short-term gains, leveraging both technical and fundamental insights to minimize risk and maximize potential returns. Our comprehensive analysis underscores the security and viability of this investment. We encourage you to consider this well-researched and promising trading opportunity. Forex Xona
BITSTAMP:BTCUSDLong
by FOREX-XONA