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Btcusdlong

BTC Swing Long After 85% Bear MarketBTC Bear Markets typically will take us down -85% before the start of the next cycle. We aren't quite there yet, but we would be if we reached the macro GP pulled from the previous bear market low to our current ATH. It also coincides with the last down candle/order block that broke bearish structure and caused the last macro impulsive move/bull run. This idea has us dropping into the depths for a real capitulation, shaking out all of the weak hands and making everyone lose hope before finally putting in a bottom right before the BTC halving. We should see a real bottom in December of 2023 if this is the case.
INDEX:BTCUSD
by DigiLex_LLC
Bitcoin on the rise. Where to sell?Hi everyone. Last 3 weeks we've seen incredible strength from bulls. There are no doubts that bulls are in control. There were not any signeficent pullbacks during this pump. Many traders stayed on the sideline waiting for 10k. However, it looks like everyone already forgot that BTC printed for the first time ever a Yearly bearish engulfing candle. On crypto twitter you can see many analysts saying that Bitcoin has started a new Bull Market and it will go over 100k . We believe that in the next few days Bitcoin will not give a chance to jump on the train for those that didn't buy at lower prices, but as we had a Yearly Bearish engulfing candle for the first time ever, it's doubtful that it will be left without any impact on the market. It's probable that reaching new ATH will take way longer than everyone thinks. There's a strong resistance around 28600$ - 30000$. Moreover, the SuperGuppy indicator most likely will curve to the upside in the next few weeks and the upper lines of the SuperGuppy will be around 29k-30k which corrresponds with the price resistance therefore this is where we see a potential exit point for bulls and entry for bears. What do you think? Do you agree? Feel free to share your opinion in the comment section.
COINBASE:BTCUSD
by vf_investment
22
Retesting Major Support, Potential Upswing to 40KBitcoin (BTC) seems to be presenting an interesting scenario. It's hovering near a key support zone and could provide a lucrative trading opportunity if certain conditions play out. However, this idea requires thorough analysis and is not to be taken as financial advice. Remember, every investment carries inherent risks. Idea: Bitcoin is currently trying to touch the significant support area between 25200 - 24400. This area is not only a substantial horizontal support level but also coincides with the dip of the upward trend that began from the 16K level. This combination of horizontal support and trendline support adds a layer of confluence to this zone and makes it a crucial area to watch. Should Bitcoin hold this support zone, we can expect the bullish momentum to pick up. It is likely that BTC could then begin a new upward move, potentially targeting the 35K - 40K area. This would represent a significant price increase and would restore much of the value lost during the recent correction. However, a break below the support area could invalidate this scenario, which is why it's essential to have a risk management strategy in place. Traders should keep a close eye on how BTC interacts with this support zone. A strong bounce could serve as a potential entry signal for a long position, while a break below could suggest further downside. This post is for educational purposes only and is not investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments carry significant risk and may result in a loss of your capital.
Long
by sahbil