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Btcusdsignals

Bitcoin Aims for $40,000 with Tether Whale SupportThe price of Bitcoin surpassed the $38,300 mark for the first time in 18 months as demand for BTC steadily increased. Catalysts such as anticipation of the U.S. financial regulatory authority approving the physically settled Bitcoin ETF and growing demand from Tether whales could potentially push the BTC price even higher. Among the contributors to Bitcoin's rise to $38,300, prominent Tether whales have emerged. Based on data from the cryptocurrency information tracking tool Santiment, the top 100 Tether addresses have added an additional $1.67 billion to their holdings in the past six months. As the buying power of these stablecoin whales increases, the likelihood of Bitcoin reaching $40,000 also rises. To establish the correlation between Tether whales and the Bitcoin price surge, Santiment highlights the reduction in holdings of USDT tokens by whales over two weeks, coinciding with BTC rising to $38,300. Tether whales have utilized their stablecoin to accumulate Bitcoin and drive demand for the largest cryptocurrency. During the Bitcoin price decline in August, stablecoin whales accumulated BTC tokens. The current trend for Bitcoin has been upward since November 2022, with the price of BTC at $37,795 on Binance after a recent pullback from the local peak of $38,380. Bitcoin is targeting the $40,000 mark, representing an almost 6% increase from the current level.
BITSTAMP:BTCUSD
by Larissa-Trader
Bitcoin Price Analysis Bitcoin broke through a strong resistance level at $37,980 on November 24, but the bullish camp is struggling to sustain the breakthrough. This indicates strong defense from the bearish side. Both moving averages are sloping upward, and the Relative Strength Index (RSI) above 61 suggests minimal resistance to the upside. If buyers maintain the price above $37,980, the BTC/USDT pair could reach $40,000. This level could witness another tough battle between bulls and bears, but if buyers gain the upper hand, this pair could surge to $48,000. Time is running out for the bears. To weaken momentum, they would have to push the price below the 20-day EMA. The short-term trend will turn negative below $34,800.
BITSTAMP:BTCUSD
by Larissa-Trader
Bitcoin Emergency Analysis! Failed Triple-Top, Breakout Now!Bitcoin is attempting to break out of Weekly Resistance right now! My previous analysis showed a potential triple-top playing out which did bring us down to $35,700. That bear breakout was immediately erased and the price rocketed back into the bull channel. How do we trade this? If you're not already long from the $36,000 area, don't long just yet because this 4HR candle has not closed. Never trade a candle that hasn't closed yet, it could turn into a bear signal in an instant. If this candle closes on or near its high, consider a long with a stop loss just below the Weekly Resistance line. If a bear signal bar plays out, wait for a confirmation bar closing on or near its low below the Weekly Resistance and set a stop loss just above the resistance line. A reasonable first take profit target is $36,000 at the minor trend line, then the 200EMA below that around $35,000. Key Points 1. Bear Breakout of Bull Channel Failed! 2. Triple-Top Reversal Pattern Failed! 3. Still in Bull Channel, Remain Long. 4. Bull Breakout Attempting Now! 5. Wait for this 4HR Bull Bar to Close above Weekly Resistance. 6. RSI near 70.00 Level, Weak Indicator, Worth Noting. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
INDEX:BTCUSD
by TraderEngineering
Bitcoin Holds Above $37,000 Amidst Thanksgiving Holiday TradeCryptocurrency values experienced a modest decline on Thursday, attributed to lower trading volumes in Bitcoin and Ether during the Thanksgiving holiday. Meanwhile, some altcoins demonstrated upward momentum even as the major cryptocurrencies saw a dip in their prices. After surpassing the $37,000 threshold earlier in the week and testing the $38,000 resistance multiple times, Bitcoin (BTC) saw a retracement of short-term profits on Thursday, as traders opted to secure gains ahead of the Thanksgiving holiday. Notably, Crypto Myths pointed out that a significant portion of selling pressure on leading cryptocurrencies stems from short-term holders liquidating their BTC positions back into exchanges after breaching the $37,000 mark.
BITSTAMP:BTCUSD
by Larissa-Trader
1
HAPPY THANKSGIVING! Let's see Bitcoin's price on this date!Let me begin by wishing everyone in the TradingView community a Happy Thanksgiving! A day of joy, gathering and happy family moments! Aren't you curious to see where the price of Bitcoin (BTCUSD) was trading on this day in the previous years? If so, have a look: 2010: $0.28 2011: $2.49 2012: $12.51 2013: $813 2014: $376 2015: $328 2016: $739 2017: $8,771 2018: $4,015 2019: $7,150 2020: $18,764 2021: $58,927 2022: $16,353 2023: $37,000 So the obvious question is this. Do you see the pattern?? Since 2009 there have been 10 Thanksgiving dates where the price of BTC was higher than the previous year and only 4 where it was lower. Only once we've seen two straight red Thanksgivings and at least two green Thanksgiving dates follow. This year we have a green one, more than double the price of 2022 and in fact this is the first time BTC doubled coming from a red Thanksgiving since 2016. An interesting pattern that arises on this chart is that when measuring the line that connects the Thanksgiving closer to the Cycle Top back to years, we can see that its angle is lower (naturally) by a certain rate. From 2015 to 2017 it measured the previous angle x 0.64. From 2019 to 2021 it was the previous angle x 0.68. From 2022 to 2024 based on this progressive pattern, is should be the previous angle x 0.72 (0.68 + 0.04). That gives us a rough value just under $80000 for the next Thanksgiving (November 28 2024). It is very possible that the Cycle top will be priced higher a few weeks after on an aggressive spike above $100k, as BTC often does (only the June 2011 Cycle Top was way off, being in the middle of two Thanksgivings). But what do you think about this model and its projection? Are you expecting a BTC price around 80k on the next Thanksgiving and if not, what is your estimate? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
32
BTC/USD Technical Analysis: Bitcoin Faces Downward Pressure Bitcoin's price experienced a decline on Tuesday and Wednesday following a series of significant legal developments in the industry. The BTC/USD pair dropped to a low of $36,260, significantly below the year's peak of $38,000. The BTC/USD pair retreated after reaching a high of $37,800 on Tuesday. On the 4-hour chart, it remains within an ascending channel represented by black lines. It is currently consolidating at the Exponential Moving Average (EMA) 50 and EMA 25. The Relative Strength Index (RSI) has moved below 50. Upon closer inspection, it has also formed a triple-top pattern, often a sign of a price decline. The neckline of this pattern is at $34,740, the lowest point on November 14th. Therefore, the outlook for this currency pair suggests a potential price decrease, with the next level to watch being $34,738. This perspective will be confirmed if the price moves below the lower boundary of the ascending channel. An alternative scenario is a recovery for this pair, moving above this week's high of $37,800.
BITSTAMP:BTCUSD
by Larissa-Trader
1
BITCOIN ETF what?? This is a cyclical USD-fueled rally!Bitcoin (BTCUSD) is seeing in the past 30 days the first legitimate medium-term rally since March - April. The ETF acceptance anticipation has been cited as one of the reasons but after the SEC's latest delay, we see that it hasn't affected BTC's price as much and the reason is something else. Perhaps the strongest technical reason why Bitcoin has been rallying, is the sharp decline of the U.S. Dollar Index (DXY). Displayed by the green trend-line, we can see that its October 09 peak coincided with Bitcoin's rally. DXY tends to peak first and after it starts to decline, Bitcoin (also a general observation for commodities too, not limited to digital assets) catches as a few days later. As you can see on this chart (1W time-frame), it is a cyclical behavioral pattern where an initial decline on the DXY (red Flag) fuels BTC's last pre-Halving rally. When this DXY pattern (blue Arc) ends, it makes a Higher High peak outside the pattern and gets hammered aggressively (red hammer). This starts BTC parabalic rally, what we call at Tradingshot "Post Halving expansion". We are expecting that the following summer. Do you think however that a SEC ETF approval earlier in 2024 will dramatically increase the chances of such a rally happening earlier or it's more tied to the DXY? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
Bitcoin Price Faces Key Support Check Amid Market Weakness The price of Bitcoin (BTC) is displaying weakness, registering a 3% decline in a day, with most of these losses attributed to news surrounding the Binance exchange. Testing a crucial support level at $36,788, and with the Relative Strength Index (RSI) indicating weakening momentum, BTC could face further declines. Increased selling pressure below the critical $36,788 level within the extended supply zone ranging from $36,276 to $37,301 could present an opportunity for an extended downturn, with experts predicting a potential drop to the psychological level of $30,000. Currently, the bars on the Awesome Oscillator (AO) charts have dipped into the red and inch slightly towards the daily midpoint. This signals a gradual dominance by the bearish camp. Conversely, rising buying pressure from investors seeking to capitalize on the $36,788 retest could push the Bitcoin price higher. The first target would be surpassing the local peak at $37,972 before testing the upper range at $37,980 and ultimately achieving the psychological level of $40,000, representing a 10% increase from the current level.
BITSTAMP:BTCUSD
by Larissa-Trader
2
Bitcoin ETFs: Catalyst for Crypto's ComebackThe imminent approval of Bitcoin exchange-traded funds (ETFs) signals a potential resurgence for digital assets, attracting institutional and retail investors alike. The U.S. SEC is expected to greenlight ETFs by mid-January, opening the door for influential players like BlackRock and Fidelity to allocate a portion of their portfolios to cryptocurrencies. This regulatory shift comes in the aftermath of FTX's industry-shaking moves, dampening crypto enthusiasm despite recent market recovery. While traditional investors remain cautious, the normalization of Bitcoin through ETFs could redefine the market, offering transparency and liquidity benefits. The anticipated change holds promise but will likely take time to unfold, marking a potential turning point for digital assets.
BITSTAMP:BTCUSD
by Larissa-Trader
1
Bitcoin ETF to Further Democratize Financial Access Navigating the intricate landscape of blockchain technology and cryptocurrencies, roundtable host Rob Nelson engaged in a insightful conversation with Lule Demmissie, CEO of eToro USA. Their discussion delved deep into the future of digital assets and the evolving trends in cryptocurrency finance. Demmissie outlined how eToro users can trade not only bitcoin but also ether and over 20 other cryptocurrencies, emphasizing the democratizing aspect of digital assets. This democratization has enabled a broader audience to access a variety of alternative assets. According to Demmissie, this shift reflects the growing diversity in digital asset ownership. The conversation touched upon recent events in the cryptocurrency world, including the legal case involving Sam Bankman-Fried. Nelson pointed out that such fraud cases are not exclusive to cryptocurrencies but are common challenges in the financial world. He highlighted the cleansing effect these incidents have on the cryptocurrency space, supporting the potential democratization of bitcoin as a decentralized currency. The discussion then shifted focus to the anticipated launch of exchange-traded funds (ETFs) for bitcoin. Nelson expressed his belief that these ETFs would significantly democratize bitcoin, a sentiment echoed by Demmissie, who emphasized the importance of not solely concentrating on spot ETFs. She advocated for expanding the use of digital assets and decentralized finance (DeFi), envisioning a future where traditional finance (TradFi) and DeFi coexist to diversify risks in an increasingly complex world. As the conversation concluded, Demmissie underscored the potential of blockchain technology and tokens to empower communities and revolutionize non-profit sectors. She emphasized the role of technology in breaking down access barriers and democratization, a theme resonating throughout their discussion on the future of cryptocurrency. The dialogue between Nelson and Demmissie provided valuable insights into the current state and future potential of cryptocurrency, highlighting the crucial role of technology in democratizing finance and creating new opportunities in the realm of digital assets.
BITSTAMP:BTCUSD
by Larissa-Trader
BITCOIN First 1W MA50/100 Bullish Cross since December 2019!!Bitcoin (BTCUSD) will complete this week or the next the first 1W MA50 (blue trend-line) - MA100 (green trend-line) Bullish Cross since the week of December 02 2019! Such a bullish pattern, exactly 4 years after, is a Cyclical buy signal which technically is the last we are going to get during this Cycle. With the Halving being a fundamental signal, this Bullish Cross is the early signal of a pre-Halving buy, which sets the stage for the Bull Cycle's final parabolic rally. Time-wise it takes place almost during the same time period (Time Fib 2.236 in 2016 while today and 2019 it took place on the 2.0 Time Fib). As you can see, following this formation, BTC tends to rally to the 0.786 Fibonacci retracement level (if it hasn't done so before as in 2019), while the 0.5 Fib turns into the Support (it wouldn't have broken in 2020 if it weren't for the COVID crash). Observe the similarities on the 1W MACD also around the time of the 1W MA50/100 Bullish Cross. It rises on a Bullish Cross and forms a Bearish Cross a few weeks after, which delivers a low price level we won't break again during the rest of the Bull Cycle. So to sum it up, moving forward, Bitcoin targets the 0.786 Fibonacci at $50000, while the 0.5 or at most the 0.382 Fib (32000 - 27000) will support. But what do you think as we move towards the April Halving? Will 30k hold and more importantly are we on the path to hit 50k soon? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
9
BITCOIN has entered the Halving Phase and targets 50k.Bitcoin (BTCUSD) is under heavy volatility lately due to the ETF development and in times like this, we tend to zoom out into the longer term time-frames such as the 1W to get a better perspective of where we might be at with relation to past Cycles, in an attempt to filter out the short/ medium-term volatility of such news. ** Cycle classification ** On this chart we compare the current to the 2018 - 2021 and 2014 - 2017 Cycles. To get an insightful understanding of time and levels, we have categorized the Phases into Bear (red), 1st Rally (orange), Pre & Post Halving (blue) and Parabolic Rally (green). Based on that classification, BTC has just entered the Pre & Post Halving phase, with Halving 4 expected to take place in April 2024. During that phase, the price reaches or has already reached (in the case of 2020) the 0.786 Fibonacci retracement level, while keeping the 0.382 Fibonacci intact as a Support (notable exception of course March 2020 with the COVID crash, which was however an irregularity due to its once in 100 years occurrence). The 1W MA50 (blue trend-line) also poses as a loose Support. ** Now and new All Time High ** On the current Cycle, the 0.786 Fib is at $50000, so based on our model, either now or 3-4 months after the Halving it should be reached. At the same time, we shouldn't drop below 27000 (0.382 Fibonacci). Once the 0.786 Fib breaks, BTC should test the 69000 All Time High (ATH) in a matter of weeks, which will be the start of the Parabolic Rally phase. Beyond that, it is a matter of how high the current Cycle can extend to in pricing the next ATH. The 2017 Cycle peaked on the 2.382 Fib extension and the 2021 on the 1.618 Fib extension. That is the Theory of Diminishing returns on every Cycle, as adoption gets greater. Technically it is natural to expect no more than 1.382 Fib, which is a little over $120000. Perhaps the worst case scenario might be 100k but of course much depends on the fundamentals at the time, e.g. how adoption evolves, how much capital will flow in case of an ETF approval etc. But what do you think? Do you agree that 50k will be reached within our designated Pre & Post Halving phase? Or it is too high too soon? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
11
We Could See a Macro Wyckoff Accumulation In my opinion we can see the big guys left their footrpints in shape of secondry test which plays a major roll in Wyckoff Accumulation Method I am not sure yet because of there are diffrent typs of Wyckoff Accumulation and Distribution so cant ruled it out which one is going to playout but the best method is wait and watch either we could find support at 15500$ which will be aslo considered as a Wyckoff Accumulation or we could take out that low to make ATL ( bottom ) for BITCION WHATS MORE LIKLY ? In my opinion more likely Bitcoin has to take that low to create a bottom arround 10K to 8K before new bullrun
Short
by MemoCrypto
5
"Bitcoin Price Rises Northward in Recovery Effort" Bitcoin's price is trending upward, attempting to recover recent losses that wiped out $90 million in open interest from the market. With the 25-day Exponential Moving Average (EMA) hovering at $34,572, BTC is striving to reclaim territory above the crucial resistance level at $36,788. To confirm an upward move, investors should monitor Bitcoin's price breaking and closing above $36,788. This would set the stage for BTC to target the highest range within $37,972 before reaching the psychological level of $38,000. In the case of a strong uptrend, Bitcoin's price could extend its reach to the psychological level of $40,000, representing a 10% increase from the current level. The Relative Strength Index (RSI) is pointing upward, indicating increasing momentum, while the Awesome Oscillator (AO) remains in positive territory, providing additional confidence in the bullish argument. Conversely, another rejection from the $36,788 resistance could lead to Bitcoin losing support from the 25-day and 50-day EMAs at $34,572 and $32,456, respectively, before descending into the supply zone, becoming a trend-reversal tool. In this scenario, it may test the 100-day EMA at $30,528.
BITSTAMP:BTCUSD
by Larissa-Trader
"Bitcoin Slides on ETF Closure Fears, $90M Profits Vanish" Bitcoin witnessed a nearly 5% decline on Tuesday, dropping to $35,500 as the cryptocurrency market grows apprehensive ahead of November 17. This downturn resulted in the liquidation of 119,246 million dollars in long positions, erasing $90 million in open interest for BTC. Alternative currencies also faced liquidation, totaling $194.57 million, under substantial selling pressure. Bitcoin holders and the entire cryptocurrency market are eagerly anticipating developments from the U.S. Securities and Exchange Commission (SEC) following recent statements that the financial regulatory body has a narrow 8-day window to approve or reject a Bitcoin spot ETF. With the closing window, the market is increasingly on edge. Bitcoin's 5% drop and the liquidation of $120 million in long positions come as the SEC remains silent just three days before the deadline. The lack of clarity or hints from the SEC regarding the ETF registration has led to a negative market response.
BITSTAMP:BTCUSD
by Larissa-Trader
1
Bitcoin Dips Below $37,000 Ahead of US CPI Data Bitcoin experienced a surge to nearly $38,000 last week, marking its first such peak since May 2022. However, the cryptocurrency faced a retreat, sliding to $36,880 as traders awaited the release of Consumer Price Index (CPI) data on Tuesday. The overall CPI, a closely watched inflation indicator tied to changes in the cost of living, is expected to show a 0.1% increase from the previous month in October. This marks a significant shift from the 0.4% rise observed in September. In his recent speech, Federal Reserve Chairman Jerome Powell stated that the US central bank would not hesitate to raise interest rates to ensure price stability. Powell expressed skepticism that the Fed had reached a sufficiently restrictive stance. Bitcoin traders remain cautious as the core CPI inflation rate, excluding volatile items like food and energy, indicating a long-term inflation trend, is predicted to stay at 4.1% YoY and 0.3% MoM. This price dip in Bitcoin ahead of the CPI data underscores the market's sensitivity to inflation figures and central bank policies. Investors are monitoring these developments closely as they assess the potential impact on the cryptocurrency market amid broader economic uncertainties.
BITSTAMP:BTCUSD
by Larissa-Trader
1
BITCOIN This'll be the last pullback before the parabolic rally** ETF anticipation ** Bitcoin (BTCUSD) is rising against the majority's sentiment, which is something it does more often than not, fueled of course on a large degree by the heavy speculation over the SEC's Bitcoin ETF decision. Fundamentally, an approval can certainly cause another leg upwards based on euphoria, before the effect recedes as we move towards Halving 4 in April 2024. ** The RSI's Fibonacci Channel motion ** Based on certain technical data on the 3W time-frame, we can technically see only a minor uptick and then a multi-week pull-back before the bullish trend is resumed. This is based on the 3W RSI, which is trading inside a Fibonacci Channel Down since its inception, testament that despite BTC's enormous long-term growth, each Cycle shows diminishing returns (as adoption gets higher). The RSI is almost on the 0.5 Fibonacci retracement level, which in the past has delivered a pull-back to at least the 0.382 Fib (exception September 2019 when it dropped lower as it corrected the huge Libra hype). The 0.5 Fib rejection is shown by the red arrows. When a rebound took place on the 0.382 Fib (green arrows) Bitcoin started a rally that never looked back. The whole price action is displayed by the blue circles. On top of that, see how beautifully the overall motion is depicted by the Sine Waves. ** Last correction before the rally ** Of course much depend on the upcoming ETF decision, but even in the event of a considerable new price surge, BTC should technically give one last pull-back at least to the 0.382 3W RSI Fib, that will most likely be the last opportunity to buy before the Bull Cycle's parabolic rally starts. Do you agree with this RSI Fibonacci projection? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
4
Bitcoin's Journey Towards the $40,000 Resistance Level Bitcoin has experienced a notable recovery over the past few months, surging from $25,000 to $38,000 in less than two months. The potential for further upward movement is anticipated in the coming days and weeks until it reaches the key resistance level of $40,000. The strategy involves waiting for the price to close above the minor resistance level of $3,718.5, with a plan to initiate a buy trade upon achieving this closure. The target for this trade is set at the daily main resistance level of $40,000. On smaller timeframes, such as the 15-minute chart, the price is forming a reverse head and shoulders pattern, indicating a continuation of the upward trend. Analyzing this currency pair, the focus is on the anticipation of a bullish breakout above $3,718.5. Once confirmed, traders may look for buying opportunities with a target set at the significant daily resistance level of $40,000. The presence of the reverse head and shoulders pattern on the 15-minute chart adds a bullish signal to the overall analysis, suggesting potential sustained upward momentum in the near term. However, as with any financial market, traders should exercise caution and be mindful of potential market fluctuations.
BITSTAMP:BTCUSD
by Larissa-Trader
1