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BTCUSDSHORTS

Bitcoin Surges to $35,200: Crypto Market Optimism"Bitcoin's price has surged, reaching a 17-month high of over $35,200. This rapid increase of nearly $5,000 in just one day has pushed the total cryptocurrency market value beyond $1.24 trillion. As predictions about a Bitcoin ETF continue to rise, trading volume is nearing the $100 billion mark. Despite the upward trend, warnings about potential risks associated with late buy orders being erased by market makers have been issued. Analysts suggest that this market growth indicates a continued upward trajectory led by Bitcoin. Meanwhile, Steem, a potential alternative cryptocurrency, demonstrated significant potential with a 25% increase, outperforming Bitcoin's 12% rise. Investors are strongly advised to consider investing in Steem. Analyst James Stanley emphasizes the inverse correlation between DXY and BTC, predicting that upcoming Personal Consumption Expenditures (PCE) data on October 26, 2023, could significantly impact BTC prices.
BITSTAMP:BTCUSD
by Gwen_Humuna
Bitcoin Soars: iShares BTC Trust Listing Sparks RallyBitcoin (BTC) price is surging, gaining momentum after breaking through key weekly resistance. This increase has witnessed the leading cryptocurrency breaching crucial resistance barriers to set its sights on a high price target of $35,000. Bitcoin's price is on the verge of testing the $35,000 mark. BTC recorded a 17% increase in 24 hours, reaching a daily high of $34,741 on October 23rd. This surge was followed by a rapid decrease to the current price of $32,914, with further upward potential indicated as the Relative Strength Index (RSI) continues to show an upward trend. Increasing buying pressure could extend BTC's high momentum, aiming for the psychological level of $35,000.
BITSTAMP:BTCUSD
by Gwen_Humuna
"Bitcoin Seeks SEC Decision Support"Bitcoin, trading at $28,538 at the time of writing, grabbed headlines on Monday due to a spike caused by fake reports. The cryptocurrency surged over 10% before dropping to $28,500, triggering a $86 million short-selling liquidation. Despite the truth emerging, the ETF saga continues. The Securities and Exchange Commission (SEC) is set to announce its decision regarding Fidelity, VanEck, and WisdomTree's spot ETF registrations on October 17 (today). According to Bloomberg ETF analyst Eric Balchunas, approval might be delayed until January 2024. Even in correction, Bitcoin may dip to $27,418, maintaining its leading position in the uptrend. However, losing this support, along with the 50, 100, and 200-day Exponential Moving Averages (EMAs), could invalidate the bullish case, pushing the cryptocurrency below $27,000 and towards $26,483. Stay tuned for updates on Bitcoin's evolving situation.
BITSTAMP:BTCUSD
by Gwen_Humuna
1
Bitcoin's Wild Ride Amid ETF RumorsBitcoin's price surged by 10% in the early hours of New York trading after news broke that the U.S. SEC had approved the iShares Spot BTC ETF. However, this uptick was short-lived due to the confirmation that the news was false. Long-time traders who had opened short positions faced significant losses, with nearly $80 million in short positions liquidated, alongside about $18 million in long positions. This reaction could signal a potential market crash if the U.S. SEC indeed approves the immediate BTC ETF, an outcome it's currently considering. The false rumors pushed Bitcoin's price down to the $28,000 range, with the Relative Strength Index (RSI) holding above 50. The unusually long daily candlestick resulting from these mistaken speculations resembles a true 'exhaustion candle' and might indicate an upcoming reversal in the short-term uptrend, hinting at vulnerabilities ahead. Bitcoin's price could lose its entire foundation by October 16, potentially dropping below the psychological support level at $26,000. Breaking below this trendline would confirm even deeper losses. Only a daily candle closing above the resistance level at $29,747 could confirm the uptrend, paving the way for an extension towards the psychological level of $30,000. In a strong bullish scenario, Bitcoin might surpass July's peak, reaching the upper range of $31,804. Such a move would represent a 15% increase from the current level. Stay tuned for more updates as Bitcoin navigates these volatile market conditions.
BITSTAMP:BTCUSD
by Gwen_Humuna
You better run away now...I believe I've explained everything on this chart, but here's what I think is happening: BTC is about to drop even more. First supports are ~41k. Then we may fall to sub 40, then 30-28, and the bottom I can't believe may be even below 20k. BTC after every new ATH fell over 80%. That would be ~14k... You may want to get away now. Just be warned. Death cross is coming. I can see a little possibility to grow a bit more. We must defend 41k, and then break through many levels, but road to the new ATH ~70-80k would be open. But this is very unlikely ATM IMO. What is more important now - we've just copied the 2013 scenario. BTC made the first top in April, dropped, 3x touched EMA 50, and after 230 days made the new ATH. Just like in 2013. I've marked all the similarities I've noticed, just look. To understand the situation even more go to the related Idea from 3.12 down below. We have falling price, falling volume, H&S pattern and rising wedge - here explained RSI created a pattern that is also convincing me we're more likely to drop. What your opinion? Anyway trade with caution!
BITSTAMP:BTCUSDShort
by JimmyHodl
9
How a market manipulation works, second episodeIMO market manipulation is part of trading, but only big players are able to perform such operations. I observed one of those last year and reported here If you look at btcusdlongs you can see currently there is an unprecedented desire for btcusd longs in Bitfinex, this extra ordinary longs at this level of btc price imply that there are many whales betting on long side, but some thing is fishy when considering the sentiment, SPX and other economic metrics etc. i.e. market is not that hot that this level of longs (all time high of longs) show. Probably it is a false signal by whales as their true estimate is down direction and are managing to dump at this station, maybe after some false breakouts or immediately. last year July, at same price the opposite signal in short side fired by btcusdshorts, pretending the market is crashing while it reversed , that idea link is below, if you want to learn more.
BITSTAMP:BTCUSDShort
by kaskassa
2
BTCUSDT - up and downI have been viewing the last weeks (since the Jan low) as a reversal pattern, with higher highs and higher lows on a weekly and daily time frames. We are currently trading under significant multiday averages (20, 50, 100), and bounced off the 38200 level. The current channel looks like a giant bear flag. We might break down further from here towards 36k and then 30k. I am not short yet, and I am hesitating to go short due to the fact that I am fearing rally here. The reason I am expecting this rally is because in this channel, which looks like a giant bear flag, we have been creating higher highs and higher lows on the weekly time frame. We are not on the lower border of the channel and unless we brake below it soon I dont think we will see 36k for some time. I will place a pending short @ 38700. SL 40000 TP 38000 I will also place another pending long @ 39600 SL 39000 TP 42600
by Scribes
BTCUSDT - there will be a 3 top, after a strong declineI will not explain what and why, how this graph is built. Whoever needs it will do it themselves. It's a little part of the other TA world that you don't want to see because the only thing you're doing is reading books to guide the mindset of the crowd. I give you the opportunity to look at everything from a different angle. Believe me, this is 1/100 of what you saw. Therefore, do everything from scratch, in books there is deceit. more information on my channel, I just recently switched to English, so I will be glad for every like and comment. Thanks
by FTT_TRADER369
9