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BTCUSDPERP

Will history repeat itself ? (A look at Bitcoin Halving)What is bitcoin halving? Bitcoin halving is a major event that occurs every four years on the Bitcoin network. It involves the reduction of the block reward that miners receive for adding new blocks of transactions to the blockchain. The block reward was initially set at 50 BTC when the Bitcoin network first launched, and it has been halved twice since then. The first halving occurred in November 2012, reducing the block reward to 25 BTC, and the second halving occurred in July 2016, reducing the block reward to 12.5 BTC. The most recent halving occurred on May 11th, 2020, and reduced the block reward to 6.25 BTC. This process is designed to keep the total supply of bitcoin limited and controlled, helping to preserve its value over time. It is a significant event in the Bitcoin community and is often seen as a catalyst for price movements in the cryptocurrency market. The price of bitcoin has historically trended upwards in the months and years following previous halving events. For example, the price of bitcoin began to rise significantly in the months leading up to the first halving event in November 2012, and it continued to climb in the years following the event. Similarly, the price of bitcoin increased significantly in the months leading up to the second halving event in July 2016, and it reached an all-time high of almost $20,000 in December 2017, several months after the event. In the above chart, we can see a similar pattern with each Bitcoin halving cycle. In the first halving cycle the price of bitcoin was trending downward until the halving event and after the halving, it started moving upward and reached the peak price of around 1100 USD and started the downtrend for the upcoming bear run till the next bitcoin halving cycle. Similarly in the second halving cycle bitcoin started moving upward after the halving and reached the ATH price of around 20,000 USD and initiating the next downtrend cycle. And in the latest halving cycle the price moved downward until the halving cycle and started moving upwards after the halving and reached the ATH of around 69,000 USD and initiating a new bear trend. Currently, we are in a bear market (crypto winter until the next bitcoin half which is supposed to occur on April 2024, we can expect a clear uptrend after the bitcoin halving cycle and to reach a new ATH. In my personal opinion, this is a great opportunity to invest in Bitcoin and increase your overall bitcoin holdings. If history repeats itself then we will see a new ATH in the next 2 years. (Based on past data bitcoin tends to hit new ATH within 1 year of the halving) Stay tuned for more long-term crypto analysis and education content. Thanks Hexa
BITSTAMP:BTCUSD
by HexaTrades
9
Whipsaw coming as bitcoin consolidates the 50-60k levelForecasting a pullback to 50k, as i expect the out of the ordinary volume on 08/05/24- 15min, hourly, 4hr, & daily, to gravitate price back towards it; high volume candles are very likely to get backfilled due to orderbook instability- see yellow fib lines for source and measurement. This is not bearish. This is important for bitcoin to conquer this level as she gears to move higher. There are many things i cant fully articulate in my charts so if you have any questions let me know. James
Short
by creengrack
15
BTCUSDT: Major Downtrend Warning – Is a Collapse Imminent?Yello, Paradisers! Are we on the verge of witnessing #BTCUSDT plummet even further? Buckle up as we dissect the latest movements and what they mean for you! 💎Over the past 24 hours, #BTCUSDT has been mercilessly sweeping longs, signaling a continuous downtrend. This pattern is reflected in the consistent Break of Structure (BOS), emphasizing the bearish sentiment dominating the market. 💎BTCUSDT has repeatedly formed and tested a descending resistance trend-line, facing multiple rejections. These rejections reinforce the strength of the bearish trend, making it a critical level to watch. 💎The pair is eyeing a supply zone between 57,772 and 59,294. This area is ripe for liquidity grabs, and we anticipate a potential move to this zone, followed by another rejection. Additionally, the 0.66 Fibonacci resistance level at 56,980 is crucial. If BTCUSDT fails to break past this point, the descending resistance will likely trigger another downward move. 💎If the pair faces rejection at these levels, we can expect a descent to the minor support zone at 52,575. Should the decline persist, a drop to 49,506 is on the cards, marking a significant downturn. 💎However, if momentum shifts and BTCUSDT regains its previous range low with a strong candle close above it, we could see a reversal from the downtrend to an uptrend. This shift would be crucial for bulls aiming to regain control. Stay vigilant, Paradisers. The market is volatile, and only the disciplined will thrive. But it never is, and never will be a free ride. Make sure you play it smart, Paradisers; the next 6-9 months will be juicy for some and painful for others. Discipline, patience, robust strategies, and trading tactics are the only ways you can make it long-term in 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🌴
Short
by MyCryptoParadise_Jack
BTCUSDT likely to move further up and set a new all time highThis is simply ballistic. The major resistance before this move to all time high was 50k-52k region. The price shied away just a bit there before breaking that level and moving up.This itself tells the story of the strength of the moves in the past couple of weeks. The only resistance, which was left, was a weekly resistance at WR1 level but at those levels, its always not a very significant ones. The price has found the way to move beyond it after initial push down towards 59k level. It seems that the price is going to close above the WR1 zone and that will open up the way to more upside moves. There is no need to be bearish and if you in a position, it makes sense to hold for now. Today's weekly close will probably confirm our hypothesis.
Long
by angela_altair
BTCUSDT ready for breakout to the upsideThe price has been trading inside and below the resistance for long. A few time, it managed to even go beyond the resistance zone, however, it did not manage to close above this resistance on 4h or 1D time frame. And this all price movement seems to be a consolidation before the upward move. Therefore, I think the breakout is near. A long is favorable from this area. The target should be the weekly resistance zone which is sitting around 46300-48100.
Long
by angela_altair
BITCOIN time for a STRONG SELLS&P 500 closed below the 200 EMA today. Stocks markets turn bearish with S&P500 friday closing below the EMA 200 and at a step to a new 2023 low, bonds crashing, TESLA -20% in a couple of days, but the Bitcoin community still strong buy with the unique reason "The Spot ETF". Yes, it will be good. But now it's just a news, and till will be active and ready you have to wait months, where may be indexes will lose another 10%. While whales are generating this momentum, for sure they are distributing against you, and in a couple of days we could see a different spike, down. There is no reason to buy right now bitcoin that just speculation on this topic. Then you know, if you are not quick enough to sell now, could happen like in summer, where Bitcoin lost 20% in 4 minutes, this could happen again. No reason to buy Bitcoin right now.
Short
by WorldBroker
BTCUSDT daily to close red but above 27200 for bullish outlookThe price has been consolidating here for almost two days. The current daily candle is likely to stay and close red. However, it is alright and it does not impact the strength the price has towards upward move, negatively. In fact if the price goes a bit more down (at least to the 4h support 4HS1 zone or further down till 27300) before the daily close with a daily around or just above it, it will be very bullish and the next day/s is/are going to be greener.
Long
by angela_altair
BTCUSDT likely to head towards daily resistance at 28106-28306The price breached through 4h resistance 4HR1 after being pushed down initially on the test of this resistance from below. Now it has retested this resistance and this resistance is going to probably act as a support. And therefore, the price is going to go higher from there. This makes a conducive environment for a long trade on this pair. The target of this trade should be daily resistance DR1 which is sitting around 28106-28306.
Long
by angela_altair
BTC ☀️ – Bullish Potential; XRP, LTC Face ☔ Correction Ahead? Mixed trading conditions ahead on the global crypto market! The sun shines ☀️ over the two largest cryptocurrencies, Bitcoin and Ether, indicating a slightly bullish market with upside potential in the next 24 hours and for the week ahead. Other altcoins face both rain ☔ and clouds ☁️ in the next 24 hours, signaling a slightly bearish or bearish market with downside risk. The downward trend is set to continue over the coming week for both Litecoin, Ripple’s XRP, and Polygon’s MATIC, while the trading conditions should improve for other coins such as Cardano and Dogecoin, edging higher. 🌥️ Follow us for more crypto weather insights!
BITSTAMP:BTCUSD
by ATTMO
Two Possible Scenarios for Bitcoin and Two Trade IdeasIf we compare Bitcoin’s PA to the two previous impulses, we have two possible scenarios. Both scenarios have nice confluence and at the moment they are both likely. Scenario A: The first scenario is based on the first impulse and correction between January and March 2023. This scenario includes a sweep below the range to gather liquidity followed by a push above the range high and a correction. Support for this scenario is the 0.382 fib retracement at 28,739 USDT. Resistance for this level is 32,482 USD. Scenario B: The second scenario is based on Bitcoin’s PA between March and June 2023. According to this scenario, there is no sweep of the lows. Instead, there is a direct push to the 33K resistance level followed by a correction. Trading Plan: The plan is simple, and it hasn’t changed from my previous Bitcoin idea. If Bitcoin deviates below the range low, I will buy at the 28,700 level and sell above the range high. If there is no sweep below the range low, I will take profit above the range high and possibly short the 32.5K – 33K level. Long Trade Idea: Entry: 28,740 USD. SL: 27,900 USDT. Target 32,500 USDT. TP: 31,500, 32,500 USDT. Short Trade Idea: Entry: 32,500 SL: 33,100 Target: 28K TP: 31.5K, 30.5K, 29.5K, 28.5K, 28K. NFA What do you think? Please share in the comments Best Wishes.
Long
by NewThoughtCrypto
BTCUSDT likely to head up for 29236 levelThis is a long shot long idea but like the last time this one is also worth trying. The price is not near the entry point but I will add a third a bit lower from here, a third on entry level and a third down from entry if the price dips and long still seems favorable. The target for this trade is 29236. The price may have pullbacks on the way at 27300, 28150, 28936. We will monitor those levels and take partial profit or come out of the trade accordingly.
Long
by angela_altair
$BTC - Bitcoin Jan 2023 AnalysisBINANCE:BTCUSDTPERP Greetings, and Happy New Year to all my fellow Berserkers! Yearly, Monthly, Weekly closes have all just happened. Which will allow us to dive deep into candle analysis as well as EW counts. Lets start with the main count on Bitcoin. (1W log Chart) I've identified a general target zone for the year. The box was drawn based on previous S/R, but when I drew the fib lines, as we can see it also aligns with .333-.382 Fibonacci retracement lines. Which means we have a huge amount of confluence there. 25-26k also seems like a key level to reclaim in order to attain that target. This price constitutes our previous peak after the first descent under 20k. MTF The final piece of info I want to delve into on this chart is the MTF indicator (just below the RSI). There seems to be a weekly fakeup printing there (Gray line moving upwards, alone). But we can also see the blue line curving slightly upwards. So the next week could be very determining in the direction we'll see in January of 2023. Elliot Wave Theory The corrective count is still a bit up in the air. This could very well be a combo (WXY or WXYXZ). The only thing we're pretty sure on is that this is not a Flat for the moment! I've labelled it ABC for simplicity and for the fact that it is the most probably count. My doubts only stem from the difficulty of finding valid downward impulses with diverging 5th waves. Falling wedge/Ending 5th while I typically don't do this, I've drawn the diagonal line from the bottom of wave 3. I'd like to see another touch to the bottom of the wedge support in order to give us a significant boost in PA on the bullish side thereafter.
Long
by FlokiCrypto
1
Just for memory and fun - my bitcoin prediction as of 30/01/2023Hi All, First ever idea, been trading crypto BADLY! since late 2017 and always visited here but never made an idea so here it is. Reasoning - I think we will see a bottom just like the July 2015 bottom where the price has broken the 20 SMA but is rejected by the 144 EMA on the weekly chart. Which could mean a revisit to either the low of 15.5k for a double bottom or even a lower low (i like the look of 12k :) ) Then based off the number of months (approx 27) i think we will have a bull run until May 2025 and my prediction is 300k ish. Again just for fun. NFA - just publishing to look back on to see how wrong I as was! As whatever I seem to think or do in this market (other than buying and holding) goes t!t5 up. I may start counter trading myself:) Probably wont age well at all but here goes. NEWB advice - stay away from the deadly leverage especially early on. It will find you and it will eat you slowly :)
BITFINEX:BTCUSDShort
by mcla5495
8