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Btcusdtanalysis

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 Surpasses 50 Million Addresses, Reaches All-Time HighBitcoin continues its robust upward trend, recently reaching a significant milestone by exceeding 50 million unconfirmed addresses. This achievement reflects increasing user adoption and widespread acknowledgment of cryptocurrency as a legitimate asset. With an average holding of approximately $16,000 per user, the implications for future price performance are substantial. The recent all-time high underscores strong confidence among investors and users, signifying a maturing market transitioning from speculative trading to broader acceptance and usage. The impressive bullish trajectory in the price chart, marked by higher lows and a growing number of addresses, indicates a solid foundation for future growth. Bitcoin's ability to maintain strong support adds to its resilience and appeal as a store of value. As each user represents an average organization with the potential to multiply, the overall value of the network may continue to grow exponentially, solidifying Bitcoin's position as a leading cryptocurrency. The increase in addresses with non-zero balances is not just a numerical milestone but evidence of trust and value placed in Bitcoin by millions worldwide. This expanding user base serves as a powerful driver for sustained and stable price performance, hinting at a promising future for Bitcoin's price potential.
BITSTAMP:BTCUSD
by AdmamTrade
BTCUSDT consolidating below daily resistance, likely to move upThe price has been attacking the daily resistance 1DR1 back to back. However, till now it has not succeeded to break it to the upside. Although it has been able to cross this level several times but has not been to manage to close above even on 4h time frame. A close above that level on 4h time frame will signal confidence of the price to move upward beyond that resistance. By looking at the price action, it appears to be a consolidation around and below the resistance and should result in a breakout to the upside. Therefore, lets keep an eye on how it plays out.
Long
by angela_altair
1
Bitcoin Loses Dominance as Altcoins Lead the Market SurgeThe impact of altcoins taking the lead over Bitcoin is not particularly positive. Bitcoin dominance represents the percentage of the total cryptocurrency market held by the world's largest digital asset. Whenever this dominance increases, altcoins tend to lose influence in the market, but the rising value of altcoins is causing Bitcoin to lose its dominance. This is later considered a signal of the altcoin season, which at this point is still a long way from happening soon. This indicates that Bitcoin's dominance was affected on Thursday as it dropped to 53% after failing to breach 54%. The total market capitalization of cryptocurrencies, excluding Bitcoin, has increased by 6.83% in the past 48 hours, reaching $48.66 billion. Digital assets, including Solana, Optimism, etc., recorded increases ranging from 14% to 31% in just one day. This is largely due to the observed accumulation over the past few weeks, leading to assets worth tens of millions of dollars moving out of exchanges. Ethereum, Shiba Inu, Fetch, and Dent emerged as the largest coin-exchange reducing wallets. In the last three months, ETH worth $778 million, SHIB worth $54.6 million, and FET worth about $48 million have exited the exchange wallets. This hints at a long-term bullish trend, which is significant given the current optimism in the market. The Fear and Greed Index for cryptocurrencies is showing greed prevailing in the market. In general, prolonged periods of greed tend to lead to corrections caused by profit-taking from investors. However, a closer look at the cryptocurrency market reveals that it is eagerly awaiting stronger bullish signals, and altcoins are not likely to experience any significant downturn soon.
BITSTAMP:BTCUSD
by AdmamTrade
Bitcoin Price Surge: Key Factors Driving the Upward TrendOn the macroeconomic front, the influence of fundamental principles such as interest rates and inflation on Bitcoin is gradually diminishing. Other fundamental factors boosting Bitcoin prices in 2023 include the resolution of the year-long FTX lawsuit and the admission of money laundering charges by Changpeng Zhao (CZ), the CEO of rival exchange Binance. While these events stir volatility in the cryptocurrency market and act as catalysts for price fluctuations, Bitcoin's bullish momentum is rooted in three major events shaping the BTC market before 2024. These are: Bitcoin's price history records the strongest gains in the fourth quarter, with October emerging as the most active month. According to experts, the narrative surrounding the Exchange-Traded Fund (ETF) transition continues to dominate discussions among traders and investors, with an expected approval date ranging from January 5 to January 10. Bitcoin halving, scheduled for April 2024, is anticipated to kickstart the next phase of the price surge. In summary, the Bitcoin price surge is influenced by a combination of historical trends, ETF anticipation, and the upcoming halving event, setting the tone for the cryptocurrency market leading into 2024.
by Larissa-Trader
2
Bitcoin Analysis 🕯(Master Candle)🕯👋Hi, I hope you have a great weekend. 📚It is better to know that candles are considered as passports for charts. Candles alone or together ( candlestick patterns ) can convey concepts to us that help us identify price trends, and these patterns are in higher time frames , more volume and closer to standard patterns , the more valid they will be. 📉Today, I want to analyze the Bitcoin daily candles for the last week , which, along with the previous analysis, may help us identify the Bitcoin trend . 🕯If you look closely at the candle from five days ago in the daily time frame , you will see a candle with a red body , long and high volume , which contains five candles so far. The name of this candle is Master Candle . 📚 What is Master Candle ❗️❓ 🔸 There are different ways of looking at this trading strategy, but in its simplest form, a Master Candle is a candle which contains the highs and lows of at least the next four candles after it. It can be applied to forex, gold, oil , crypto, stocks, and indices. 🔸 When a Master Candle forms, a trade is taken if the High/Low breaks , taken of course in the direction of the break. 💡Also, candles number 2 , 3, and 4 together and on the 🔴 Resistance zone($43,560-$42,780) 🔴 form the Evening ​​Star Candlestick Pattern , which is one of the bearish reversal patterns . 💡Another point that may give us more insight into the value of this Master Candle is that this Master Candle is the longest and most voluminous daily Bitcoin candle since Bitcoin started its rally at $25,000 , and the other point is that this Master Candle has appeared at the top of the ascending channel and near the 🔴 Resistance zone($51,500_$45,340) 🔴 and the Regular Divergence(RD-) between two consecutive peak s can be seen.👇 💡Finally, before making a better conclusion, let's take a look at the weekly candlestick . The weekly candlestick has also formed a Hanging Man Candlestick Pattern near the 🔴 Resistance zone($51,500_$45,340) 🔴 and above the ascending channel . Hanging Man Candlestick Pattern is a bearish reversal pattern .👇 🔔As a result, I expect Bitcoin to decline and at least fill the 🔵 CME Gap($40,325-$39,290) 🔵 before falling to the 🟢 Support zone($39,000-$37,000) 🟢, given the Master Candle's red body and other analyses I shared with you earlier. ❗️⚠️Note⚠️❗️: If Bitcoin can break the High($43,810) Master Candle upwards, we can expect Bitcoin to rise to the 🔴 Resistance zone($51,500_$45,340) 🔴. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
38
🚨Bitcoin is Ready to Fill CME Gap🚨✅As I expected, Bitcoin touched the 🔴 Resistance zone($43,180-$42,820) 🔴 . 🌊According to Elliott's wave theory , Bitcoin is completing a corrective Zigzag(ABC/5-3-5) pattern. 🔔I expect Bitcoin to decrease to at least the Support line after completing the Zigzag correction structure, and if the support line breaks, we can expect 🔵 CME Gap($40,325-$39,290) 🔵 to fill. ❗️⚠️Note⚠️❗️: If BTC can break the $44,720 , the Scenario will change. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
84
🚨The End of the Bitcoin Rally(💡Signs💡)🚨👋Hi, everyone. I hope you had a great weekend. 🧐Today, I decided to answer the question of whether Bitcoin has reached the end of the Bullish Rally or not ❗️❓ ⏰To answer the above question, it is better to look at the Bitcoin chart in the higher time frames, such as daily, 2-day, or weekly. 🌐Bitcoin started to increase after the confirmation of ETFs , but it seems that the result of the news should NOT help Bitcoin anymore, because the reality is that no money has entered the market through companies and we have to wait for the approval of ETFs and then their implementation phase. So it seems that the cryptocurrency market has increased well so far with this news, although when the entry of ETFs is done , we can see more growth of Bitcoin ( According to the news, the first ETF will be approved on January 8-10 ). 💡If we look at the 2-day chart of Bitcoin, we will realize that Bitcoin has been moving in an Ascending channel for more than a year . 💡Another interesting point is that the Pitchfork lines played the role of Support and Resistance very well on the Bitcoin chart so that every time a line breaks upwards, Bitcoin moves up to the upper bar. 🏃‍♂️Bitcoin is moving near the upper line of the Ascending Channel , one of the Pitchfork lines(0.618) , and the 🔴Resistance zone($51,500_$45,340)🔴 . 🌊In terms of Elliott wave theory , Bitcoin seems to have completed the second impulse wave 5 [ although I expected Bitcoin to touch the 🔴Resistance zone($51,500_$45,340)🔴] . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks. 💡If Bitcoin touches the price range of $34,000-$34,300 , a large amount of LONG positions are exposed to the risk of liquidation , which is unfortunately attractive for exchanges . 💡One thing that can be said about Volume Trading is that, in general, the Volume Trading in the second five impulse waves is much less than the first five impulses == Not a good sign for the continuation of the upward trend of Bitcoin. 💡Another sign that can confirm the decline of Bitcoin is the presence of 🔵 6 CME Gaps 🔵; according to my research, Bitcoin has never created more than 5-6 CME Gaps in one direction, and in the past, Bitcoin has either been in an upward trend or moved down and filled these CME Gaps. 💡In addition, Bitcoin's Dominance(BTC.D%) has approached the 🟡 Price Reversal Zone(PRZ) 🟡, which will indicate the decrease of Bitcoin's dominance in the Cryptocurrency market in the future.👇 🔔I expect that Bitcoin will NOT be able to go above $44,700 in the next days and will fall to the 🟢 Support zone($39,000-$37,000) 🟢 and fill the 🔵 first CME Gap($40,325-$39,290) 🔵 and then spend some time above the support zone. The news of the approval of the fund, if it happens in January, can give temporary growth to Bitcoin, but it seems that the correction will continue at least until the lower line of the ascending channel and the 🔵 Second CME Gap($34,295-$34,160) 🔵. ❗️⚠️Note⚠️❗️: I will try to update you in the lower time frame every day. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 2-Days time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
18
🗺️Bitcoin Roadmap🗺️👋Hi, everyone; I hope you all have a positive Portfolio these days (be happy). ✅Bitcoin managed to break the 🔴 Resistance zone($38,650-$37,000) 🔴 [ In previous posts, my resistance zone was 🟡Price Reversal Zone(PRZ)🟡 ] and Important Resistance line during the weekend. However, this zone was not expected to break on Saturdays and Sundays when trading volume was generally low . 🏃‍♂️Bitcoin is moving on Important Resistance lines , Monthly Resistance (3) . It is interesting to know that all previous stations were on monthly pivots in the last two to three days. 🌊According to Elliott's wave theory , Bitcoin is on its way to completing the main wave 5 . 🌊If we want to look more closely at the waves, Bitcoin is currently completing microwave 3 of the main wave 5 . 🌊 Microwave 4 of microwave 3 of main wave 5 can end on one of the 23.6%($42,730) and 38.2%($41,676) Fibonacci lines. 💡 On-chain data shows that many Bitcoins have been purchased in the range of $45,000 and that medium-term Bitcoin holders are at a loss until now. If the price reaches this area, it is possible that a large number of holders will want to sell their Bitcoins at Breakeven ! 🔔I expect Bitcoin to make the first attack on the 🔴 Heavy Resistance zone($52,130-$45,840) 🔴 to complete microwave 3 of the main wave 5 . It is also likely that the first 🔵 CME Gap($40,325-$39,290) 🔵 will be filled after completing the main wave 5 . 📚There are at least 🔵6 CME Gaps🔵 that Bitcoin has not yet filled; generally, over 98% of these gaps have been filled in Bitcoin. 📚 Elliott waves include a series of Rules and Guidelines that you can analyze and predict the road map of the price. In general, in the theory of Elliott waves, you are faced with several scenarios that you should find the correct scenario with the help of other technical analysis tools and fundamental analysis and try to identify the correct scenario from the false scenario. ❤️In the end, here is some advice for you as a little brother: 🔸 TradingView website has provided us with a suitable space to transfer our analysis, so it is better to use it and not waste our time on destruction or ugly comments. 🔸If you have any comments, please share them with respect . 🔸 No analysis is 100% , so if you use analysis as an investment, it is better to follow capital management and take responsibility for it yourself. 🔸Please don't look at the words of Celebrities about the price of Bitcoin and other Altcoins as an investment ; check their past, and the truth will be clear(These days they are hot). 🔸I hope we can use TradingView to increase our capital and knowledge . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
60
BTCUSDT - D1BTCUSDT D1 - The price is in the overbought zone on W1; on D1 it can form a 3-wave structure, which can lead to a correction. Locally, with the breakdown of the first wave, you can expect the level of 32964.53 What can you expect? Waiting for a 3-wave structure and considering sales; if the first wave breaks out, you can consider entering from the level of 40247.77. For a more confident entry, you can also wait for fixation at the level of the first wave. Cancellation if the price continues to rise and breaks the 1st wave high - 44960.12 Short Target 39364.03 - 37505.13 - 35707.17 - 32964.53
Short
by Trade_Hive_Signals
1
BTC ETF! What Is Going To Happen In Markets ?In the next 25 days, the approval decision for the #Bitcoin ETF is anticipated. The market reaction to such news is often influenced by three types of news psychology: > Sell The News: Traders may opt to sell their assets once the news is officially announced. > Sell Before The News: Some investors may choose to sell their holdings in anticipation of the news, trying to secure profits or avoid potential losses. > Buy The News: If the news is positive, there might be a surge in buying activity as investors seek to capitalize on the favorable outcome. With the BTC ETF approval looming just 24 days away, it's crucial to consider these scenarios. The second scenario, "Sell Before The News," suggests that some traders may take a cautious approach by selling off assets ahead of the announcement. Following the news, the third scenario, "Buy The News," could come into play if the outcome is positive. Conversely, in the event of unfavorable news, the first scenario, "Sell The News," may result in a market sell-off. Investors are advised to make their decisions based on their risk tolerance and market analysis, keeping these news psychology scenarios in mind. This chart is likely to help you make better trade decisions if you consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
by CRYPTOMOJO_TA
4
📊#BTC in the complex consolidation stage, long and short need⚠️➡️In the complex consolidation stage, the profit-making efficiency is low, and it is easy to be worn out whether long or short, so it is more reasonable to focus on conservative trading. ✔️ 🧠From a technical analysis point of view, we have achieved our mid-term goal, and most of the profits from spot trading and futures trading have been locked here. Therefore, the selling pressure and divergence here will be relatively large, and it is very reasonable to stop and consolidate here. ✔️ ➡️For this unilateral rise, the daily K-line level adjustment we expected has never appeared, and there may be a large-level adjustment after the mid-term goal is achieved, so we cannot be too optimistic about the bullish trend. If there is a major cycle adjustment, I hope it can call back to the buying zone between fib0.382-fib0.618. If there is such an adjustment, it is very worthy of attention. 👀 ➡️How to judge the beginning of the adjustment of the big cycle❓ If we can fall below the turning point and continue the power of shorts, then there is a high probability that a major cycle adjustment will be realized. ✔️ ⚠️Note that technical analysis is for reference only, don’t forget risk management. If you find it useful, please don’t forget to follow, like and share my analysis post📤
by wolf_king888
3
🗺️Bitcoin Roadmap🗺️(15-minute time frame)🏃‍♂️Bitcoin is moving near the 🔵 CME Gap($40,325-$39,290) 🔵 and Support line . 🌊In terms of Elliott wave theory , Bitcoin seems to have completed its 5-wave downtrend near the support line. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect Bitcoin to Go UP at least until the end of wave 4 and at the next target of the 🔴 Resistance zone($43,180-$42,820) 🔴. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
16