Btcusdtlong
Bitcoin 📢 NO MORE DUMPS... but NO PARABOLA either📉Hi Traders, Investors and Speculators of Charts📈
More and more institutional buyers have recently admitted to investing in BTC, as we see Grayscale and BlackRock (to name a few) all invest massive amounts into this digital currency.
This could mean a few things for this bullish cycle, including:
📢 More reach (more retail investors)
📢 Higher market cap (more wallets being created)
📢 Less volatility than previous cycles (institutional trading and holding)
📢 More reach (more retail investors)
Recent news headlines have made almost anyone with a access to the internet aware of Bitcoin, if they haven't heard before. BTC promises great returns and is generally more stable than altcoins, making it a great start for newcomers who may want to try their luck with cryptocurrencies.
📢 Higher market cap (more wallets being created)
The market capitalization increases as more liquidity (cash) is invested into BTC. As more and more institutions are buying and more and more people are buying, new wallets are being created at and more money is converted to Bitcoin.
📢 Less volatility than previous cycles (institutional trading and holding)
Usually when large institutions enter the market, the volatility reduces. We see this clearly with most-traded commodities such as gold and silver. It becomes a safe haven for investors as they see brokers and other institutions give the nod of approval to Bitcoin.
These are a few reasons as to why I'm not expecting a parabolic increase towards a new ATH, and neither a correction bigger than 30%.
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
BUY MORE BITCOIN !!!HELLO TRADERS
BTCUSD is trading above the 50K$ which is sign just the continuation of the new bull run in the Crypto World Technology is going to change the World Ecosystem we are buying #BTC from since it was break 22K$ Zone and looking for new higher high in this year Friends this week FOMC meeting can create volatility in the markets so always try to get lower low entry for a new bull run its just starting BTC will hit 60k$ incoming days Friends its just an trade idea share your thoughts with we appreciate Ur love and support
STAY TUNED
for more updates
Bitcoin Analysis Across Multiple Time Frames!#BITCOIN WEEKLY TF UPDATE LET'S MAKE IT SIMPLE
"Bitcoin ended the week above $52,000 and is now heading towards a resistance area around that price. Even though there's some resistance there, the overall trend is still bullish. We might see a pullback in this zone, but if we get another weekly close above $52,000, it could mean Bitcoin has the momentum to push towards $60,000."
So keep an eye on weekly closing
Stay tuned; I will keep updating
#DYOR #NFA CRYPTOCAP:BTC BITSTAMP:BTCUSD BINANCE:BTCUSDT
Adequate no BS BTCUSD analysis, no random pullbacks to 10k :)Now almost every second or third analysis will show you a huge red arrow pointing to random areas to the downside.
Let's see what other options we have for BTCUSD.
☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
#Bitcoin: Is making rising wedge pattern!In the daily timeframe, BITSTAMP:BTCUSD is currently exhibiting a rising wedge pattern If it goes as per the pattern, then technically, we can see a drop up to 35k.
50MA is working as a strong support level, with 42k and 40k as support.
For Bitcoin to become bullish in the long term, it needs to close a daily candle above the 44k resistance level.
There will likely be a period of consolidation within the designated zones until a definitive breakout or breakdown occurs.
LET'S MAKE IT SIMPLE
It is crucial to pay attention to the daily candle closings. A bullish scenario may be considered if there is a breakout and a close above the $44k resistance level. On the other hand, a breakdown below FWB:42K in the daily timeframe will confirm a bearish pattern.
#DYOR #NFA
$BTC run it back turbo to $52k for the top?IMO CRYPTOCAP:BTC is forming a topping pattern which I've been writing about for months. I initially charted BTC in February with a target of $44k which ended up playing out earlier last month. Then last week I thought there could be another move higher to 48K, which also played out.
Now I think there will be one last move higher which will form the top. Tops are tricky because they tend to fake out most of the market. You have a resistance that gets passed, then certain levels get retested, then you have one large move up which makes people think we're going to the next resistance, but that ends up forming the top and we never tap that level again (until the bull market starts).
I think that's what's about to play out. The first resistance level was $44k, then we moved higher to 48K, now I think we'll have one final move up that will trap most of the market.
I think this level around 42K is a good one to get long again, now that most of the market has been washed out.
Let's see how this progresses over the coming few weeks.
I think with this move down, this is a good level to get long for the final move up to either tap 48K again and reject or to surpass 48K.
BITCOIN: Hong Kong's Entry into the Cryptocurrency ArenaBITCOIN: Hong Kong's Entry into the Cryptocurrency Arena
In the ever-changing landscape of cryptocurrencies, Bitcoin (BTC) has recently been treading water, leaving investors with an air of uncertainty about its future path. This comprehensive report delves into the current dynamics shaping cryptocurrency prices, potential catalysts steering future valuations, and a detailed technical analysis of Bitcoin.
Federal Reserve's Sway:
All eyes are on the Federal Reserve (Fed) as it gears up for an upcoming interest rate decision, wielding the potential to sway the crypto market. While expectations lean toward the Fed maintaining the status quo, the nuances in their accompanying statements and Chairman Powell’s press conference could introduce an element of unpredictability. Factors like easing inflation and challenges in the US manufacturing sector might prompt a more dovish stance, injecting optimism and potentially boosting crypto investments.
Return of Chinese Investors:
Reports are surfacing about a resurgence in interest among Chinese investors in the crypto market. Economic uncertainties in China, coupled with concerns about the stability of Chinese developers and the liquidation order for Evergrande, are pushing investors towards alternative assets. Despite the crypto ban in China, intermediaries are facilitating investments, painting cryptos as electronic gold. If this trend continues, we might witness sustained growth in the crypto market, but regulatory crackdowns could cast a shadow.
BTC ETFs Expanding Horizons:
Following the SEC’s green light for BTC ETFs in the US, the spotlight now turns to Hong Kong. Financial institutions are reportedly gearing up to file BTC ETFs with the Hong Kong Securities and Futures Commission. This global expansion of Crypto ETFs, post-US approval, underscores the growing acceptance and interest in cryptocurrency investment avenues.
Navigating the Technical Terrain:
From a technical perspective, BTC recently rebounded from the $38,000 support on January 23, initiating an upward trajectory within a Megaphone pattern. The next milestones for the price are ambitiously set at $45,000 and $50,000.
As the crypto market grapples with economic shifts and evolving regulations, the Fed's decisions, sentiments of Chinese investors, and the global expansion of BTC ETFs stand poised to influence Bitcoin's journey in the weeks ahead. Traders and investors should remain vigilant, ready to adapt their strategies to the ever-evolving crypto landscape.
BTCUSD (D) Which option do you prefer?BINANCE:BTCUSD BTCUSD (D) Which option do you prefer?
Presently, Bitcoin (BTC) exhibits two potential price trajectories:
A continued descent towards the support zone around 38.xxx.
The formation of an inverted head and shoulders pattern in the price.
Which option do you prefer?
BTC Update - 10.02.2024 / Long confirmed4 hour chart:
The market over the weekend is not happy with the moves, let's look at the bitcoin chart and targets for the next couple weeks.
After price got an upside exit from accumulation, which I wrote about in the previous breakdown, got an impulsive move up coming into accumulation from above and the bts zone, leaving liquidity at the top to deliver price behind the local and key high.
I don't see the point of shorting against such an aggressive move, so I am looking at a couple POIs to consider futures long positions.
1. 4 hour imbalance + ind (I am considering a nascent long on ltf, after which I will consider).
2. 4 hour breaker imbalance (I will look for confirmation on higher timeframes, because if we mitigrate this zone of buyer interest, the structure on ltf was broken to short).
In any case, I advise you to put a small % of your deposit in positions on the weekend, as the chances of manipulation are extremely high!
Not financial advice, always think with your head! ❗
📈Bitcoin price movement near 40K level📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
After receiving support around the level of 38-39 thousand dollars, Bitcoin now has two possible scenarios in front of it.
If the price fails to stabilize in the specified area, the bearish scenario will be activated. But according to the divergence of the indicated indicators in the chart, Bitcoin can advance towards $41,500 to $42,500 after stabilizing above the yellow zone.
✌💥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.🍾
BTCUSDT likely to move higher from daily supportThe price action is suggesting BTCUSDT is very bullish. The same is confirmed from the last weekly candle close. This is just fantastic and says that coming weeks will have a very positive price action. We are currently in a small correction phase which shall end around 41700. We quite reached 8o 41900 so it could be that its the end of correction or if not then just a small push to that daily support zone and we are ready to move higher.
BITCOIN - THE CALM BEFORE THE STORM (TARGET 50K & BEYOND)The Bitcoin show is never ending! Price is clearly showing signs of bullish activity and I had to put behind my strong bearish bias and change camps. I think this is the moment we have all been waiting for and it is time for Bitcoin to spread its wings and fly to new heights! Here is what I see:
What is on the chart? (follow the steps)
1. Prime Entry Conditions: The presence of a significant Fair Value Gap (FVG) on the daily chart, coinciding with a Break of Structure (BOS) level within a Fibonacci reload zone (spanning from 0.618 to 0.786), sets up an exceptional scenario for investors eyeing a long-term position. This confluence of technical indicators suggests a strong potential for reversal, making it an attractive entry point for those looking to capitalize on the ensuing swing.
2. Impact of Bitcoin ETF Hype: The market experienced a notable consolidation phase, primarily driven by the anticipation surrounding the approval of a Bitcoin spot ETF. This period was marked by extreme volatility, as traders and investors reacted to the unfolding developments, highlighting the sensitivity of the market to regulatory and institutional changes.
3. Sell-the-News Reaction: Following the hype, a classic 'sell the news' event occurred, where a weekly buyside liquidity line indicated a temporary top, leading to a reintegration into the previous range. While a larger correction was anticipated by many, including myself, the actual bottom formed in the subsequent step wasn't arbitrary but rather informed by underlying market mechanics.
4. Assessing Trend Strength: In retrospect, the weakening of the bearish trend was evident through the behaviour of open interest (OI). As prices fell, so did OI, indicating that the downward price action was more about traders exiting positions rather than initiating new shorts. This critical insight, missed at the moment, became apparent in hindsight, especially as prices stabilized within the Kumo cloud and rebounded from the daily FVG, signalling a potential bottom.
5. Bullish Accumulation and Resistance: The current phase shows signs of bullish accumulation, supported by the daily Kumo, yet faced with resistance at both the daily FVG and the Kijun line. This situation presents two likely paths: a retracement offering a more favourable entry point or a surge driven by significant ETF news, possibly from a major player like Blackrock, injecting substantial capital and sparking euphoria. Regardless of these speculative scenarios, it's crucial to stay grounded and open to various outcomes.
6. Anticipated Trend Continuation: Looking ahead, the expectation is for the trend to resume its upward trajectory, potentially setting new all-time highs. This outlook is based on the accumulation of factors previously discussed, each playing a role in shaping the market's direction.
As always, I hope you appreciate my insights and have a great day! - Lexi ;)
Bitcoin $200,000: A Matter of TimeThe price of Bitcoin has historically exhibited an upward trend following each halving event. This phenomenon stems from a combination of factors, including a reduced supply of newly minted bitcoins, increased demand driven by scarcity, positive market sentiment surrounding the halving, and speculative buying fueled by anticipation of future price appreciation.
The price of Bitcoin began to rise significantly in the months leading up to the 3rd halving, which occurred on May 11, 2020. The price rose from around $5,000 in March 2020 to over $10,000 in May 2020. After the halving, the price of Bitcoin continued to rise, reaching a peak of over $68,000 in November 2021.
The fourth halving is estimated to occur in the second week of April 2024. The price of Bitcoin has been rising since the beginning of 2023, and I believe that it could reach $46,000 before halving and forming strong resistance for the next breakout. However, it is also possible that the price of Bitcoin could decline before the halving, as it did in the months leading up to the second and third halving in 2016 and 2020.
After the 4th halving, we can expect a significant upward movement in Bitcoin. Additionally, we can expect ETF approval after the halving, which could further impact the price of Bitcoin and drive it upwards to $200k.
Thanks
Hexa
🗺️Bitcoin Roadmap🗺️⏰(Daily time frame)⏰👋Hi, everyone.
📈Today, I want to analyze Bitcoin for you in a daily time frame so that we can have a short-term view of Bitcoin regarding the technical analysis . (Please 🌹🙏 respectfully🙏🌹 share if you have a different opinion from me or other analysts).
✅As I expected, Bitcoin started declining from 🟡 Potential Reversal Zone(PRZ) 🟡 after the SEC approval of Bitcoin ETFs . ( In previous posts, I warned you several times that Bitcoin is near the end of its upward trend. )
🏃♂️Bitcoin has been moving in an Ascending Channel for more than a year , and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin.
⚔️Currently, Bitcoin is attacking the 🟢 Support zone($39,000-$37,000) 🟢, SMA(100) and Support line for the first time . Of course, it seems that Bitcoin will NOT succeed in breaking this zone .
📚 Assets generally do NOT break Support and Resistance zones for the first time.
🌊According to the theory of Elliott waves , Bitcoin seems to have completed five impulse waves in 🟡 Potential Reversal Zone(PRZ) 🟡and is now starting to form new corrective waves .
🔔I expect an upward trend in the coming days and at least an increase in the 🔴 Resistance Zone($43,800-$43,000) 🔴. (Bitcoin has had a high trading volume of around $43,400 , which indicates an important resistance for Bitcoin ).
❗️⚠️Note⚠️❗️If the Daily Candle closes below the 🟢 Support zone($39,000-$37,000) 🟢, we can expect further falls for Bitcoin.
❗️⚠️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.