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Btcusdtanalysis

BTCUSDT - H4BTCUSDT H4 - The price has formed a triangular formation when it breaks through/fixes the level; we can consider continuing the upward movement. Targets 38700.00 What can you expect? If successfully fixed to the trend line, you can consider entering from the nearest levels of 34766.00 with a small risk on the idea with a target of 37387.22 It is better not to take increased risks. The price may also correct after a noticeable impulse on D1. Cancel the idea when 33798 - 33061 is broken. Long Targets 35705.93 - 36604.55 - 37387.22 - 38700.00
Long
by Trade_Hive_Signals
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
[EN] ETF BTC: sell with the news! // GaliortiTradingThere are two big and very famous sayings in equities: 1. " the market is never generous ": things are not what they seem and logic does not usually work. Nobody gives money away. 2. " buy on the rumor and sell on the news ". Markets are anarchic and are driven, among other things, by expectations. The recent history of BINANCE:BTCUSDT is plagued by the latter phenomenon : 1. Three Arrows Capital collapses The second quarter of 2022 was a major correction in the cryptocurrency ecosystem. Rumors about mismatches in the real assets of most exchanges (including the most important ones) raised concerns about a possible Ponzi scheme. Also, many Altcoins had had spectacular revaluations (bubbles) that were not sustainable over time. Contrary to common sense, when the rumors came true, the news ofThree Arrows Capital's bankruptcy became known, Bitcoin stopped falling and experienced a counter-trend rally of 43% , which is nothing for a fearful market. 2. FTX collapses After the collapse of Luna Terra, BTC restarts again, in the summer of 2022, its downward trend. New collapses of small platforms and rumors of problems with FTX assets set off alarm bells again. New lows are reached again in November just with the news of FTX's bankruptcy. At that time BTC changes its medium-term trend and experiences a 66% counter-trend rally . 3. Approval of BTC Futures to Coinbase Since the summer of this year, there has been a rumor that BTC Futures will be approved for the Coinbase platform sooner rather than later. The application of different fund managers for authorization to the SEC to trade ETFs also generates expectations of revaluation in BTC. Surprisingly the week that the news of Coinbase's approval to market these futures is heard, BTC plummets counter-trend by 15% . 4. Possible approval of one or more BTC spot ETFs The SEC will have to decide on its approval before the end of January 2024. It could probably do so during this Christmas season. If we look at a chart of BTC in weeks we will observe that it is starting to border on overbought levels. It is more than likely that BTC will reach its liquidity zone of $40-42,000. The rumor of approval sounds persistent but this current rally could be a great bull trap for retailers . All small investors mistakenly believe that billions of dollars will be pouring into the asset from a multitude of funds and institutional managers following the approval news. Nothing could be further from the truth: - all the managers that have applied for ETF approval have been bought for many months now. The vast majority of the final position has already been bought . - funds that want to position themselves for the first time in the ecosystem: why would they do it at $42,000 when they can do it at $32,000? - Probably the largest volume of inflows into bitcoin, in this last stage of the trend, corresponds to the retailer. It is the easiest to catch and to drive out of the market. The latest buying capitulation is more than likely to trigger a gigantic short position that has not been seen for many years. This position will make it even cheaper for large institutional players to enter the ecosystem. Good advice: BE CAREFUL NOT TO GET TRAPPED IN THE CURRENT RALLY WHEN THE NEWS IS CONFIRMED! Pablo G.
by GaliortiTrading
BTC bext bottom1D time frame - Previous analysis about Bitcoin PRZ at 31k is wrong due to ETF releated news. Because original Diamond/Head and Shoulders are broken, we will talk about new perspective for 2nd bottom today. Firstly, dump from 69000 to 32917, there was a 0.382 Fib Retracement at 48189, then kept dumping until 15476. From here, we know the effect of 0.382 Fib, let's see current potential retracement level. Secondly, dump from 69000 to 15476, 35992 is 0.382 Fib Retracement. Thirdly, dump from 48189 to 15476, 35693 is 0.618 Fib Retracement. Further, Bitcoin is creating a big ascending wedge, which is bearish. According to these three factors, we can judge 36000 is current PRZ. This PRZ is made of different Fib level and structural resistance. Therefore, if BTC get rejected, we can expect it to break below this wedge and target is 17600~18600, same as previous perspective.
by EthanTW
5
📈Bitcoin weekly prediction, 23K or 30K?📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of $28,000 and then around $30,000. In this week, bitcoin price continues to move in an ascending channel (in yellow). ]f the price breaks the Bollinger midline, there is a possibility that the price will go down to the yellow area. Overall, in my opinion, as long as the price of Bitcoin does not fall below the Bollinger midline, there is a possibility that it will go higher. But if the price loses the yellow zone and the support of $23,000, the level of 22,500 to 21,500 will be a strong support for Bitcoin in the bearish scenario. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
by CrazyS
4
BTCUSDT BITSTAMP:BTCUSD has had a major push breaking above the 30,500 resistance area. We just might see a push back into that area again to retest the broken resistance as a new found support, if it is sustained, price may end up pushing higher and if otherwise, we may see price pushing lower. Support areas to keep in mind, 30,500; 25,000; 19,500 and 15,981 Resistance to keep in mind 43,500; 58,800 Happy hunting All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
COINBASE:BTCUSD
by Mbjoey
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's Comeback: Catalysts AwaitThe impact of the Federal Reserve's decisions on maintaining or reducing interest rates significantly influences the pricing of Gold and Bitcoin. While low-interest rates are generally favorable for Gold as they reduce the opportunity cost of holding the precious metal, Bitcoin's price reactions depend on various factors. If the Fed's monetary policy responds proactively to economic concerns or recessions, it could drive Bitcoin prices higher. However, there are factors beyond interest rates to consider. A potential rebound is anticipated due to the Bitcoin halving event scheduled for April 2024. Additionally, the approval potential of a Bitcoin ETF just before the SEC's initial deadline on January 10 could act as a catalyst for Bitcoin. Recent reports of approved ETFs quickly boosting BTC by 10% support this notion. This means that if the Fed chooses to maintain high-interest rates, it might exert downward pressure on Gold prices over time. However, Bitcoin could still sustain its upward trajectory based on other catalysts. According to Forbes' report, markets and policymakers anticipate that interest rates may only decrease by late 2024. Geopolitical situations and policies also influence the price fluctuations of both assets, making their relationship increasingly intricate. Nonetheless, based on predictions surrounding the Fed's policy decisions and catalysts like ETF approvals and the potential halving-induced price surge, Bitcoin might gradually begin to outperform Gold in the coming year.
BITSTAMP:BTCUSD
by Gwen_Humuna
1
BTCUSDHey Folks I used two best methods for Bitcoins Prediction Method 1 I used harmonic pattern on Bitcoin Which have two situations it could be Simple Shark 🦈 which is end at 0.886 fib ratio or it could be ALT Shark 🦈 which ends at 1.13 Second Method is I used Wyckoff method and I tried my best for it because it's a bit difficult pattern to analyze but anyway I have done it pretty well which also have two condition's which is Distribution schematic #1 and #2 Just wait and see where phase ( C ) gonna end.
BINANCE:BTCUSDShort
by MemoCrypto
Bitcoin Trade Set up for Me! {07/08/2023}Educational Analysis says BTCUSD may move in this range for some time according to my technical. Broker - Bitstamp This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because BTC fair value gaps are unfilled in a 4-hour time frame. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. The Rectangle box is an Order block for trading. The blue line is high and low of the current price. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BITSTAMP:BTCUSD
by VishalBudhrani
BTC excellent short entry 3090012h time frame - We have talked about many potential top structures about Bitcoin, such as Head and Shoulders(ref.1), Butterfly(ref.2) and Diamond structure(ref.3). All analysis point out that Bitcoin is creating a huge top structure before next bull. This is also the last chance to catch a potential crazy dump in this bear period. If we take liquidation hunting into consideration, 30700~31000 is the excellent entry to open short, which has the best risk to reward ration over 8. If Bitcoin start dumping from that zone, targets as below. TP1: 25000 TP2: 20300 TP3: 18000 Also, 17000~18000 is the expected bottom before bull. - ref.1 Head and Shoulders structure ref.2 Harmonic pattern ref.3 Diamond structure
by EthanTW
2
Bitcoin/Gold Ratio Drops by Over Half from 2021 to 2023"The Bitcoin/Gold ratio continues to decline. This ratio, indicating how much gold is needed to buy one Bitcoin, has experienced a significant drop over the past two years. In November 2021, the ratio stood at 35, but by 2023, it had decreased to 15. According to Longtermtrends' calculations, in January 2022, this ratio narrowed from 24 to 9 by the end of the year during the cryptocurrency market downturn. In 2023, the ratio fluctuated between 10 and 15, showing that fewer ounces of gold are now required to purchase Bitcoin, indicating gold's superior performance compared to Bitcoin. Bitcoin awaits a resurgence driven by external catalysts. The impact of the Federal Reserve's decision to maintain or reduce interest rates will affect the pricing of both Gold and Bitcoin. While low-interest rates are often seen as positive for Gold, as they reduce the opportunity cost of holding the yellow metal, Bitcoin's price reaction depends on multiple factors. If the Fed's monetary policy reflects pre-emptive responses to economic concerns or economic downturns, it could push Bitcoin prices higher. However, there are factors beyond interest rates to consider. A potential recovery is looming with the Bitcoin halving event scheduled for April 2024. Additionally, the approval possibility of a Bitcoin ETF just before the SEC's first deadline on January 10 could serve as a catalyst for Bitcoin. This was hinted at by recent reports of ETF approvals that swiftly propelled BTC up by 10%. This means that if the Fed decides to maintain high-interest rates, it may exert downward pressure on Gold prices over time, but Bitcoin could still maintain its upward momentum based on other catalysts. Based on Forbes' report, markets and policymakers expect interest rates to only decrease by late 2024. Geopolitics and policies also influence the price movements of both assets, making the relationship more complex. However, based on predictions surrounding the Fed's policy decisions and catalysts such as ETF approvals and the potential halving-induced price surge, Bitcoin might gradually start to outperform Gold in the coming year.
BITSTAMP:BTCUSD
by Gwen_Humuna
1
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
"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
BTC btttom 18k1D time frame - With the fake new(BTC ETF approval) released, Bitcoin matched our previous analysis by unexpected trend on 16th October. Currently, Bitcoin is creating a potential Diamond structure, which is a top structure here, and it could be regarded as Head and Shoulders structure(ref.1). According to this Diamond, Bitcoin might retest 30k again in near future, and start going down by December, once Bitcoin breaks below this diamond, huge dump will be following. There are four targets for the trading plan. TP1: 28000 TP2: 25000 TP3: 19500~21000 TP4: 17600~18600 Range 17600~18600 is the bear bottom I think. On the basis of time structure, we can see this price around December '23~January '24, get ready for this sweet price! Ref.1 Bitcoin analysis about HS structure and bear bottom.
by EthanTW