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Btcusdshort

The fate of crypto in 2024 2023 has been a good year for crypto, and we are nearing the end of the year. But what will happen in 2024? Will we encounter a bullish market like 2023? Before drawing conclusions, there are several key levels that you need to know. If you pay attention, during December Bitcoin tried hard to penetrate 44,376. This level is very important, because Bitcoin's minor support is getting higher and this support also determines Bitcoin's future fate. If I zoom out, this minor support comes from the bullish rally, since October. Will this support last until the halving? Let's unpack pre-halving history December 02, 2012 Halving 105 days before the halving, minor support broke and returned to major support. And it happened again 56 days before the halving. The interesting thing here is, the bullish key level was broken after the halving. July 02, 2016 Halving Several times minor support was formed, broke, and return to major support. Bullish key level broken 176 days after halving May 03, 2020 Halving Several times minor support was formed, but failed, and touched major support 52 days before the halving. Bullish key level broken 161 days since formation. April 21, 2024 Halving We are currently 115 days before the halving. Is the minor support broken and Bitcoin returns to major support before the halving? By looking at the history of previous halvings, does not rule out the possibility that 2024 will start with a sell-off, Bitcoin will return to major support at the $32,000 level.
BITSTAMP:BTCUSD
by AzrulAzir
1
Short sell entry on BTCUSD?BTCUSD provided a short sell entry as the bearish flag breakthrough was followed by a break of the 50DMA. Following the ETF approval, there was a surge in distribution, indicating a local top. I believe it is time for BTCUSD to make a major pivot. I am an optimistic person, and shorting does not fit my psychological profile, thus I prefer long-only trading. And, yes, we should keep in mind that we are still in the early stages of a bull market. Note - Altcoins like ETH and BNB are forming bullish flags signifying a divergence.
BITSTAMP:BTCUSDShort
by nuevatraders
Bitcoin Price in Need of a Boost: Key Levels to WatchThe current state of Bitcoin's value requires a push from investors, as the cryptocurrency finds itself hovering around the $43,000 mark at the time of writing. Following a 7.7% dip over the past weekend, BTC has fallen below the upward trendline, which previously acted as a crucial support level. The Relative Strength Index (RSI) has also, for the first time in three months, dropped below the neutral 50.0 level, indicating a mild downward trend at present. Despite Bitcoin's attempts to break free from the 50-day Exponential Moving Average (EMA) at around $42,069, there is potential for recovery as long as the $44,000 barrier is breached. The market sentiment surrounding Bitcoin hinges on the successful overcoming of the $44,000 resistance, offering a chance for the cryptocurrency to regain its footing. Investors will be closely monitoring this critical level, as a decisive breakthrough could pave the way for a renewed upward trajectory. As Bitcoin navigates these key levels, the coming days will likely unfold with significant implications for its short-term price action.
BITSTAMP:BTCUSD
by AdmamTrade
BTCUSD H1 / EXPECTING A BULLISH MOVE IN THE COMING WEEK 📈Hello Traders! This is my idea related to BTCUSD H1. I see equal lows on the chart, a good sign for bullish sentiment. Before going bullish it set equal lows to collect some SL of the retails and now I will look only for long entries. An objective, I have 2 TPs. The first one is above the FVG where we have an OB and the next TP is the second OB (you can see 30M chart). Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
BITSTAMP:BTCUSDLong
by GoodTradeST
2
Bitcoin : Why the ETF News is BEARISH for BTCHi Traders, Investors and Speculators of Charts📈📉 The Bitcoin ETF approval is expected to be announced any day now - but wat does this mean for the price of BTC? When there's an unprecedented event that will affect the markets, it's helpful to return to the basics: 👉 Buy the rumor, sell the news 👉 Macro Analysis 👉 Candlestick analysis 👉 Buy the rumor, sell the news If the ETF should be declined (which seems unlikely), the price will definitely react negatively. But if the ETF is approved (as most widely anticipated), the price will likely also drop as the classic dump after good news. 👉 Macro Analysis Bitcoin is due for a correction / pullback. Even dropping to lower 30K zone would still be a lower high, classic Elliot Wave Theory before the next upwards impulse wave. 👉 Candlestick analysis BTC has made 5 consecutive green candles in the MONTHLY. A red one is definitely overdue. This will support as a "fundamental reason" for the ETF news. NOTE that I am still BULLISH on BTC. We're in the opening moments of a new bullish cycle, but there are pullbacks and corrections in upward cycles - and I'm expecting one around the time of the ETF news. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:BTCUSDT
Short
by CryptoCheck-
9
BTC/USD Dynamics and Concerns over Attraction ForcesReaching the $48,000.00 mark earlier this week, some speculators may view this value as an upcoming attraction point for Bitcoin. However, traders in the BTC/USD market must maintain a realistic perspective, acknowledging the potential for Bitcoin prices to decline, and a one-way upward trend could pose a risky gamble, given the likelihood of lower reversals. Risk management remains crucial for BTC/USD, and short-term volatility is expected to increase in the near future. Attraction forces persist for BTC/USD, and its value may decrease if Bitcoin holders decide to withdraw profits as financial institutions begin to engage in Bitcoin ETFs. The upcoming trading days in the BTC/USD market will garner attention, urging traders to exercise caution. Short-term prospects for Bitcoin: Current Resistance Level: $46,375.00 Current Support Level: $46,150.00 High Target: $47,200.00 Low Target: $45,540.00 This analysis underscores the importance of a balanced approach in the BTC/USD market, recognizing both attraction forces and potential risks. It provides a forward-looking perspective for traders, emphasizing the need for careful consideration in the face of evolving market dynamics.
BITSTAMP:BTCUSD
by AdmamTrade
Bitcoin Trades Sideways After SEC Greenlights Spot Bitcoin ETFBitcoin was hovering around an elevated flatline on late Wednesday after the Securities and Exchange Commission gave the go-ahead for the first spot bitcoin exchange-traded funds (ETF) to be traded in the U.S., as expected. According to Coin Metrics, the cryptocurrency pared earlier losses and was most recently trading around $46,671. Meanwhile, the price of ether shot up as much as 15.5% to $2,606, the highest since May 2022. Most recently it was up 14.5% at $2,586.54. The ETF approval is a milestone for the crypto industry, which first sought to launch a bitcoin ETF more than 10 years ago. Optimism has been building since Grayscale's major legal victory over the SEC in August regarding the regulator's refusal to allow them to convert their popular Bitcoin Trust (GBTC) into an ETF. The price of the leading cryptocurrency has risen 80% since then.
BITSTAMP:BTCUSD
by AdmamTrade
#Bitcoin Are you Ready for the ETF Rally 6 Hours to GO!!!!I know we all are still uncertain about what will unfold next, given all the hiccups from yesterday. I've already shared BTC charts across all platforms, and things are progressing smoothly. A pullback and a continuation to the FWB:52K level (expecting the news to come positive). Let's take another scenario:- My perspective is that there's a chance of a delay until May 2024. This could result in some sideways market movement for the next 2-3 months, with BTC hovering between $40K to $48K. In the event of ETF approval, a quick pump to FWB:52K - FWB:54K might occur, followed by a sudden dump as miners initiate the "Sell the News" event. It's crucial to note that this is speculative, and nothing is guaranteed. With only 6 hours left for the ETF news, people are wondering what actions to take. We've already shifted 40% to USDT, 40% to BTC, and only 20% to Alts, securing profits from altcoins that experienced a significant surge. Now, we have a substantial USDT reserve to buy back at lower prices. In my humble opinion, it's wise to let the price action mature after the news and avoid making immediate decisions. Whether the ETF approval happens today or in the coming months, it's inevitable, so staying positive and focusing on the long-term picture is key. Feel free to share your thoughts in the comments section below. Thank you #PEACE
by Cryptorphic
2
Bitcoin's Jubilee Upgrade ImpactBitcoin is preparing for a significant "Jubilee Upgrade" at block height 824,544. This upgrade briefly suspends deposit and withdrawal services for certain BRC20 tokens on January 5, 2024. The update aims to address inconsistencies in engravings on BTC denominations within the BRC-20 network. UniSat will monitor functionality, and a scheduled network update from January 5 to 6 will temporarily close the BRC20 market while other services continue uninterrupted.
by AdmamTrade
4