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Btcusdlong

#2023- ACCUMULATE, #2024- RIDE. Here's my Plan!!BTC has been trading under the same range for the last 9 months. Traders are bored nad many are leaving. I will share my plan in very short for 2023 and how I am preparing for the next BULL RUN! History doesn't repeat but it often rhymes. This time many geopolitical and fundamental situations have hindered Bitcoin's price developments. THIS IS MY OBSERVATION AND PLAN! 1. BTC is likely to move under the range of $16k to $30k for the next 17 months. 2. You'll see 40%+ month;y candles too. 3. The damage has already been made so even if BTC makes a new bottom it will be somewhere between $11634 to $13860. IMHO, It will be the opportunity of a lifetime. 4. December month has been very important for Bitcoin's price developments. As per the above chart, THE ACCUMULATION PHASE HAS BEGUN! 5. This is not the time to be a BEAR, but Rather be a practical trader, and think like an investor. 6. MY Plan is to accumulate BTC as much as I can from my other investments and passive sources. 7. Trade on Futures with less than 5% capital for frequent market updates and charts. 8. BTC is likely to hit $30k + by May 2024 before it finally takes off. 9. For 2023 I see BTC reaching 30k by EOY even if we hit $11k! (Decent target) 10. Good thing you have a lot of time to accumulate BTC at sub 20k! 11. This is a filtration process make sure you are positioned. WHAT DO YOU THINK? Do let me know your thoughts! Thanks for all your support throughout 2022. Expecting the same in 2023. I wish you all and your families a very happy and prosperous new year. Also do not forget to hit the like button. #PEACE
BITFINEX:BTCUSDLong
by Cryptorphic
13
BTC ready to either Pump or Dumpaccording to the chart, BTC is on the ascending trend line in 4H time frame. If BTC break the green area (order Blok) it can goes up and reach our targets. But if its brake down the trend line our Sell position will active, and we can reach our sell targets. on the other hand, we have ascending Fibonacci channel support and resistance. Pay attention to those area. be aware: this is not a financial advice. opening any position is on your own risk.
by DarknessEmpire
4
LEGENDARY ANALYSISWelcome! This is my first analysis of #Btc/usdt. In this idea, I will show you a possible short or also a possible long position. If we draw at the indicator a trend line from the highest point to the next, it shows us approximately how much room the price has to fall. Historically, whenever BTC has been at a channel support and the indicator showed a fall gap, it has subsequently gone up. However, right now we find that BTC still has room to fall and has broken the support of the channel. Therefore, it is likely to go to the next support in the range of $12,500/$10,500. After falling to that area, it may develop a rise towards the area of $17,000. I wish you a Merry Christmas and a Happy New Year!
by Crypto_Interes
2
Bitcoin's Genesis Fibonacci SpiralThe chart above shows the price history of Bitcoin since its genesis Fibonacci spiral. Throughout this post, I will refer to the concept of a Fibonacci spiral . To put it simply, in the context of a price chart, I conceptualize log-scale bull flags as Fibonacci spirals (though both bull and bear flags, as well as pennants, can be conceptualized as Fibonacci spirals). If you'd like to better understand why I conceptualize these chart patterns as Fibonacci spirals, you can read my post here: Below, I will explain my methodology in developing this chart, and subsequently, I will provide a commentary on the future of Bitcoin's price action. Methodology To capture Bitcoin's genesis Fibonacci spiral, as shown in the posted chart, I took the following steps: (1) First, I searched for Bitcoin using the symbol "BTCUSD" and selected the "Bitcoin All Time History Index" option. This step is important because no other dataset has a longer price history of Bitcoin, and thus no other dataset can accurately produce Bitcoin's genesis Fibonacci spiral. (2) Second, I defined Bitcoin's genesis Fibonacci spiral as beginning at Bitcoin's lowest price point. Bitcoin's lowest price point (that is measurable as a unit of U.S. currency) is $0.01. Bitcoin was at this price in 2010. (3) Third, I used the "Fib Retracement" tool to draw the first Fibonacci spiral. To construct this genesis spiral, I placed the Fibonacci retracement tool on the lowest price point for Bitcoin ($0.01) and then traced up to the highest point that Bitcoin achieved before it underwent its first log-scale golden ratio retracement. See the chart below for a close-up of the genesis Fibonacci spiral using a log scale. Note: Since the golden ratio is an irrational number and therefore technically unachievable, whenever I use the phrase golden ratio, I mean golden ratio approximation. Additionally, it is important to note that in the case of all Fibonacci spirals, the primordial spiral only weakly approximates the golden ratio, but over time, each successive spiral converges more closely toward the golden ratio, also known as Phi. If this does not make sense to you, and you want to better understand this concept, you can check out the animation: linked here (4) Finally, I applied successive, logarithmically-adjusted Fibonacci extensions. Bitcoin's price continues to respect these levels. More theoretically, Bitcoin's price does not just respect these levels but its price is actually bounded by them, (along with being bounded by an infinite series of fractal Fibonacci spirals across all other timeframes). For a more in-depth discussion of the infinitely fractal series of Fibonacci spirals that guides price action, you can see my post below. On a more practical level, the significance of properly identifying the genesis Fibonacci spiral is that it potentially creates a powerful predictive model. In the chart below, we can see that all halving cycle peaks occurred at or nearly at a Fibonacci extension level of Bitcoin's genesis Fibonacci spiral (when analyzed on a higher timeframe closing basis). Commentary How much lower might Bitcoin's price fall? If the above Fibonacci spiral chart provides predictive value, then Bitcoin's price is likely heading down to the 3.618 log-scale extension level of its genesis spiral, as shown below. This level is Bitcoin's prior halving cycle peak. Just note that the 3.618 level is a prediction based on the closing price for the higher timeframe candles. That is to say, it does not mean that a lower wick will not form below this level. How high will Bitcoin rise during its next halving cycle? First, the answer to this is technically unknowable. While price will always tend to be bounded by Fibonacci levels, the exact Fibonacci level that will define Bitcoin's next peak is ultimately influenced by the introduction of seemingly random events. With that said, if the above Fibonacci chart generally provides predictive value, the best approximation that I can make for the next halving cycle peak is shown in the chart below. The coming halving cycle is particularly noteworthy in that it presents two major Fibonacci extension resistance levels in close proximity to one another: the 4.236 and 4.272 levels. Bitcoin is unlikely to surpass both of these levels on a quarterly chart closing basis in the next halving cycle. If Bitcoin rises above $150k during the next halving cycle peak, I would be looking to take profit and sell ahead of the next cycle back down. With that said, I would not be terribly surprised to see an upper wick close to $200k. On the other hand, if the central banks keep their money supply tight for years to come, and Bitcoin adoption is slow, I also would not be terribly surprised to see Bitcoin begin to falter at any price above $100k during the next halving cycle impulse wave. Why use a log scale chart for Bitcoin? Since Bitcoin moves in an assumed logistic growth curve, a log scale chart provides the best overall visualization of its price action. While using a log scale is generally less important on low timeframes, it becomes essential on high timeframes. Using a log scale helps one to better visualize the inhibition of growth that the passage of time presents. That is to say that each halving cycle is likely to be less impulsive than the previous halving cycle, and similarly, each halving cycle sell-off will likely be less dramatic. This results in Bitcoin's price becoming generally more stable over time. How can I use this chart to trade on the lower timeframes? One of the amazing attributes of log-scale Fibonacci levels is that additional log-scale Fibonacci levels can be drawn within the bounds of each set of higher-order Fibonacci levels. This reflects the recursive or fractal nature of Fibonacci patterns. To illustrate this, let's zoom in on a weekly chart that shows Bitcoin's current price, which is bouncing between the 3.618 and 4th Fibonacci extension levels. If we draw Fibonacci retracement levels that are bounded by these two major extension levels, we see that price is also respecting these lower-order Fibonacci levels. See the chart below. If we zoom in even further, to the 4-hour chart, and again draw log-scale Fibonacci retracement levels as bounded by a set of Fibonacci levels of the higher order, we can see that, once again, price is respecting these Fibonacci levels. In theory, Bitcoin's price is only ever bounded by Fibonacci levels. It is just the case that sometimes it might not appear that way because of one's frame of reference. On a theoretical level, every movement in the price of Bitcoin conforms to a Fibonacci spiral on some timeframe, but also on all timeframes. These spirals can take price upwards or downwards, thus resulting in spiral patterns appearing even if one inverts the chart. In the coming year, I plan to write a longer piece about Investing in Cryptocurrency that is research-based. For now, I hope this chart of Bitcoin helps someone out there in understanding the nature of Bitcoin's price action. Thank you for the privilege of your time in reading my post.
INDEX:BTCUSD
by SpyMasterTrades
12
BTC USDT TODAY#BTC continues to move down filling the FVG, The general market structure on daily, weekly is still bearish, if don't break the sell wall @17300/17800$, BTC gonna dump more looking after new liquidity, the market maker is in ease, playing as habitual on the psychology weakness points. better stay away fresh entries for longs. Next Suppport is around 16300/16350$. Today I'm Going to long #BTC From the 16450/16500 to the range 17300/17500$ Do your own risk management. have a good day.
Long
by cryptospo
Adding on to BTC long @ 16,500 10x leverageSorry I went AWOL, I had the sickness that shall not be named for a while. Feeling better now. I am adding 1 BTC onto my BTC position. I have had this position open in a cross margined account for over a week now. This is going to be a long play for me, not worrying about the fees for now. Fundamentally, I've rarely seen BTC move in such a consolidated manner for so long. Not sure if it's just the holidays / end of the year or a mixture of that + the FTX fallout, but waters are far too calm and I'm on high alert. Technically, we just broke underneath our Keltner Channel and are looking to enter back into the channel, a sign of a reversal. We're currently in a descending channel and are far away from our Ichimoku Cloud of resistance on the 4-hour. I believe we'll retest this over the coming days. I also believe we'll retest the 200-day EMA and the major area of resistance I've marked with a red box. More updates soon.
BITSTAMP:BTCUSDLong
by WatsonsView
9