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Btcusdtlong

🚀Bitcoin Ready to Rise Again (short-term)🚀💡 After Grayscale Emerges Victorious Against SEC in ETF Case , Bitcoin was able to break the 🔴 Resistance Zone($27,000-$26,350) 🔴. ❓The question here is, will Bitcoin find an upward trend❗️❓ 🌊Let's look at the movements of Bitcoin in terms of Elliott Wave theory . 🌊In my opinion, Bitcoin is still in corrective waves after yesterday's rise, so that it is currently completing microwave 4 of microwave C of the main wave 4 . 🌊The correction structure of wave 4 is a Zigzag correction type(ABC/5-3-5) . 🌊Microwave 4 of microwave C of the main wave 4 can be considered as a pull back to the broken 🔴 Resistance Zone($27,000-$26,350) 🔴. 🔔I expect microwave 4 of microwave C of the main wave 4 to end at 🟡 Price Reversal Zone(PRZ) 🟡 and Bitcoin to start rising again (the main wave 4 🎯target🎯 could be near the Resistance Line ). -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: 🔥Breaking: Bitcoin Price Surges as Grayscale Emerges Victorious Against SEC in ETF Case.🔥 Bitcoin (BTC) HODL Metrics at Five-Year Highs. Binance to serve Belgian users via Polish arm. Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer. Coinbase shares jump 14% amid market revelry over Grayscale win. Binance launches Send Cash in Latin America. Elon Musk’s X moves closer to crypto payments with new state license. 🌐➖ Negative News ➖🌐: 16 Bitcoin mining companies have $4.47 billion in losses in a year. Binance considers a full exit from Russia: WSJ -------------------------------------------------------------------------------- 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 be glad to 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
75
Inverse H&S that sends $BTC to $42k-48k?The price action today changed my bias from bearish to bullish. Here's why: - We're forming an inverse head and shoulders - We got a green flat bottom Heikin candle on the 1D (this could change by close) but still usually signals a reversal in trend - On the 2D chart, we went higher on a Demark buy 9 - Ichimoku looks bullish, with price on high timeframes still above the clouds - RSI 1D bounced at my 32 bullish level - Double bottom on the 4H OBV - We flipped the $28.6k level as resistance as support (for now) The bearish case now is lesser than the bullish case looking at the chart structure. The bearish case would be: - Still have a weekly red heikin ashi candle with a demark count of 2 (bearish trend) - Price is below the cloud (12hr) as you can see from the chart But being we bounced at previous resistance, my bias has flipped bullish for the time being. I still think we'll chop around in this area until Sunday before making a larger move, but I'm now scouting entries instead of looking to buy lower. In terms of where to buy, there's a support at $29.5k, the one at $28.6k and $28.3k. If this is the start of the impulse, oftentimes, you get 3 tests of support before the leg up begins (to make people think that support is breaking before a move higher). I'm going to bid half of my position at $28.6k and the other half at $28.3k to see if those two get filled. If you wanted to take a more aggressive entry, you could bid $29.3-29.5k. The bottom support on the chart hasn't gotten tested yet as support, so it would make sense that we'd get the final 3rd wick and test of that support before the move up (my logic for bidding lower). Let's see how it plays out. A loss of that lower $28.3k level is bearish. Any price action above that is now bullish. This lines up more with my previous idea outlined here:
COINBASE:BTCUSDLong
by benjihyam
Bitcoin Surges as US Court Overturns SEC's Rejection of ...Bitcoin Surges as US Court Overturns SEC's Rejection of Grayscale's ETF Application Bitcoin experienced a surge, reaching a two-week high on Tuesday, following a significant ruling by a US court. The court found that the US Securities and Exchange Commission (SEC) had erred in denying Grayscale Investments' application to establish a spot bitcoin exchange-traded fund (ETF). This verdict marks a momentous victory for the asset management company. The cryptocurrency was last seen trading almost 7% higher at $27,910. A panel of judges in the District of Columbia Court of Appeals in Washington declared that the SEC's refusal of Grayscale's proposal lacked justification and was arbitrary. This ruling stemmed from the SEC's inconsistency in treating bitcoin futures ETFs and spot bitcoin ETFs differently. Details on Grayscale's Case In the previous year, the SEC rejected Grayscale's bid to transform its Grayscale Bitcoin Trust into an ETF. While the SEC has turned down proposals for spot bitcoin ETFs, it has approved ETFs tied to bitcoin futures, which mirror agreements to buy or sell bitcoin at predetermined prices. Grayscale suggested implementing the same safeguards against manipulation that were endorsed for futures ETFs. However, the SEC contended that this did not meet its criteria. Grayscale was one of several asset managers, including prominent names like Cathie Wood's ARK, Fidelity, and Invesco, whose spot bitcoin ETF applications were denied by the SEC on grounds of investor protection. In contrast to the other companies, Grayscale chose to take legal action against the SEC. Since the defendant was a regulatory body, the case was directly escalated to the appeals court. Grayscale's Legal Argument Grayscale's argument rested on the premise that the surveillance measures for bitcoin futures ETFs would also be suitable for their spot ETF, as both products depend on the underlying price of bitcoin. Bitcoin futures ETFs track futures traded on the Chicago Mercantile Exchange (CME), a primary platform for such products. The SEC pointed out that the CME actively monitors "futures market conditions and price movements in real time" to detect and prevent distortions, including those caused by manipulation. Donald Verrilli Jr., lead counsel for Grayscale, highlighted in March that a spot bitcoin ETF would enhance investor protection, as it would enable them to benefit from CME oversight of the market. Presently, most Americans invest in bitcoin through less regulated or even unregulated exchanges. However, the SEC maintained that Grayscale lacked sufficient data to ascertain whether the surveillance agreement for CME futures could also identify potential manipulation in the spot markets. Daily Chart Bitcoin
COINBASE:BTCUSDLong
by FOREXN1
11
📈Bitcoin weekly prediction, 23K or 31K?📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. Due to the increase in trading volume in the last candles, I'm going to do some weekly Bitcoin analysis. In the next few days, Bitcoin is expected to stabilize around the 24K - 26.8K. If the price breaks below the mentioned area, the price will drop to the level of 24,080 (probably price receive support here) and then 22,500. last stage for price decrease, is around 21K. (red area) ✌💥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.🍾🤑
Long
by CrazyS
5
Bitcoin will⚔️attack⚔️ to 🔴Resistance Zone🔴Bitcoin is running in descending channel . 🌊According to Elliott's wave theory, Bitcoin is forming another Zigzag correction(5-3-5/ABC) in the descending channel. 🔔I expect Bitcoin to fall to the 🟡 Price Reversal Zone(PRZ) 🟡and support line and then break the upper line of the descending channel and go up to the 🔴 resistance zone($29,850-$29,480) 🔴. ❗️ Note ❗️: There is a high probability of a 🐻 Bear Trap 🐻 near the support line (if the support line breaks(validly), the scenario will change). -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Donald Trump’s Ethereum wallet holds $2.8M, new statement shows. Crypto mining lobby group to dispel misconceptions in Washington DC: Founder. FDIC and Other Federal Agencies ‘Closely Monitoring’ Banks’ Exposure to Crypto Assets. Singapore Takes On Stablecoins With New Regulatory Framework. COINBASE exchange will luanch in Canada. 🌐➖ Negative News ➖🌐: Binance to Shut Down Crypto Payments Service Amid Refocus On Core Products. Heavy short position by Michael Burry on S&P500 and NASDAQ. -------------------------------------------------------------------------------- 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 be glad to 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
95
📉BTC CONTINUES TO DECLINE 📉📉BTC CONTINUES TO DECLINE 📉 🔰Over the past 24 hours, Bitcoin has shown a decrease of -12% at its peak. Long liquidations amounted to over 1 billion dollars, and it seems like this is not the end yet, so it might be wise to hold off on long positions for now. 💰Based on spot market quotes, I anticipate stop losses being taken out below the $28,400 level and possibly $23,900. 🚀The nearest major support zones are $23,700-$24,200 and $22,100-$22,500. That's where I'll be considering entry opportunities for long positions.
by Osminog_trade
Bitcoin Falling! Read for Entry!!CME:BTC1! CRYPTOCAP:BTC has followed my analysis from a while back. Yesterday I cautioned traders to watch for the Bearish Retest. Congratulations to those that played this ... 18.23% down and in profit! At 25.2k zone, my thought are looking for a fakeout to long back to 31.8K. 200 Daily is potential support at 25.2k. If this does not happen then short ideas are to ~21.4k and ~19.7k zones. Don't panic that you have missed any move. Prepare now with Plan A Plan B scenarios as I always point out.
CME:BTC1!
by imr4nkh8n
BTC Moving!BINANCE:BTCUSDT.P CRYPTOCAP:BTC moving. Would prefer break and retest of 30k level - but sometimes CRYPTOCAP:BTC doesn't move in sequence. Watch for this being a bearish retest or liquidity grab which you could short. Otherwise you could position for a Long to break 32k and then further targets as per my previous CRYPTOCAP:BTC posts. If you appreciate my efforts, spend half a second and give me a Boost! Thanks!! Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
by imr4nkh8n
📈Bitcoin prediction, 26.5K or 31.5K? 📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders Due to the decrease in trading volume in the last few weeks, I'm going to do some weekly Bitcoin analysis. In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas (29600-29800). If the price breaks below the mentioned areas, the price will drop to the level of 28,460 and then 26,500. ✌💥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.🍾🤑
Short
by CrazyS
📈Bitcoin, right time for a bullish rally? 📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders Continuing our analysis of Bitcoin, the price is trying to use its support level within the fork structure to start a bullish rally. In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas (29600-29800). If the price breaks below the mentioned areas, botcoin will drop to the level of 28,460 and then 26,500. ✌💥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.🍾🤑
Long
by CrazyS
BTCUSDT at daily support, likely to head up to daily resistanceThe 4h support shared last time did not hold and did not provide the bounce we were expecting for a long trade. The price fell down and came to daily support zone DS1. I believe this one should hold and the price should bounce from here. The bounce will likely towards daily resistance zone DR1 but it might face some difficulties around 29566 area. The price might still dip below the current daily support but should come back up again soon. By the way, I think this weekly candle is going to be green and if not and the price kind of maintained this zone without a significant drop by the end of this week, we shall see a green weekly candle next week.
Long
by angela_altair
Bitcoin pushing towards 31K - BTCUSDHello traders, BINANCE:BTCUSDT is trading in a range that we identified on May 2022 as a liquidity gap. As predicted trading turned into this box to fill te previous liquidity gap. At the moment we need a validation to confirm a break below or above this box. There are good chances of a break as there is a large bullish flag pattern on the daily timeframe. In the short term we will see bulls pushing bitcoin around 31K. I will update this idea in the next few days. Upvote and comment with your idea. Thank you all for the support over the years.
Long
by IllyrianTrader
BTCUSDT likely to head up from 2h/4h supportThe long idea has made us wait really long and the short we took did not work out. The price has come back down after spiking through the daily resistance DR1. I would really have like the price to reach to the 4h support 4HS1 in order to take a long trade as originally planned. However, I do see a case for the price bouncing from 2h support 2HS1. It has done so previously and has aimed towards 4h resistance 4HR1. Its again setting up the same scenario. I might allocate some amount in this support zone and wait for the price to come to 4HS1 for the rest. Apart from this short term view, I think BTC is ready for a good move towards upside soon. The stage is kind of being set and prepared and we shall see that very soon. The medium/long term view I will share in a separate post. But in short, I think we see a bigger up move without going below our recent lows made in last days.
Long
by angela_altair