THE GREATEST LONG // BTCUSD (August 2024)Fiat is flowing fluidly into TOTAL after the after-math of this weekend's price action
2740 was the key level in which the dive to sub-2k level on Ethereum happened
BTC/ETH dominance will stagger as alt-coins receive liquidity
It's a little late for alt-coin summer, but at least we have alt-coin autumn now
It is beyond contrarian to open a long position when everyone else is shaking in fear, but it's now or never if you want to catch the ride up to 100k BTC. You heard it here first.
Best in all,
dysonring2050
Btcusdtlong
The amazing BTC and the secret of 152 & 52 weeks.🤔Here's an intriguing take on BTC and the potential significance of the 152 (Bulls) & 52 (Bears) week cycles:
🔑 BTC: Unlocking the Secrets of the 152 (Bulls) & 52 (Bears) Weeks 🗝️
Throughout BTC's history, a fascinating pattern has emerged – the alternation between 152-week bull cycles and 52-week bear cycles. 📈📉
This cyclical behavior has been observed multiple times, leading to the tantalizing question: Will history repeat itself once again? 🔄
My answer: Yes, I think the stars are aligning for another cosmic dance between the bulls and bears. 🐂🐻
If this pattern holds true, we are potentially witnessing a new 152-week bull run started in 7 Nov 2022 till the top around 6 October 2025, followed by a 52-week bear hibernation, and the cycle continues. ∞
However, as with all things crypto, nothing is set in stone, and the market is known for its unpredictability. 📊🔮
Nonetheless, for those who believe in the power of historical cycles, the 152 (Bulls) & 52 (Bears) weeks could serve as a fascinating guide, offering insights into potential market movements. 🧭
It is not a financial idea.
PLZ DYOR.
Good Luck.
$BTC Long attempt #2Despite all the fears, all BTC has done is reach below value and retest January's high to the dollar. With a great reaction to close out today's session as well. The gray box represents the year's value. As shown, short above it and long below it. Very simple. I won't be waiting for BTC to breakout above (although that is likely). Target destination is the other end of value which is 70k.
Friendly reminder that BTC was at GETTEX:29K a year ago! We are not in a bear market. (yet at least)
#Bitcoin It's Over? 🚨 #Bitcoin Update: Big changes could be coming!🚨
We're close to seeing a major shift in the market. The Super Trend indicator, which has been positive since early 2023, might turn negative soon. If Bitcoin closes below $56,000 in the next few days, it could mean the end of the current bull run.
Watch the charts closely! If the price stays above $56,000 and bounces back, we might see a strong recovery. But if it falls below, the bears might take over.
Stay alert and trade wisely! 📈💡
#Crypto
IN EXPLANATION
We are on the verge of confirming a reversal on the larger time frame.
The Super Trend indicator, which has been green throughout the entire market since the beginning of 2023, was also red during the market's decline in 2022. This indicator has been effective in determining whether we are in a bear market or a bull market on the larger time frames, rather than the short-term. While we may experience short-term dips or bearish trends, the Super Trend indicator highlights the broader bullish and bearish movements. It will turn red, confirming a bearish trend reversal on the larger time frame and indicating a bear market if we see a four-day candle close below approximately 56,000.
This would confirm a trend reversal pattern. For the market to continue, the price needs to remain above 56,000 and rebound from this level soon. This could potentially lead to the formation of a giant bull flag. However, if this pullback persists over the next few days and we see a four-day candle close below 56,000 in three days, it could signal the end of the bull market.
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Bulls and Bears are fighting / If Support breaks ---> 60-62KBINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Dear Traders.
📝In this post I will track the BTCUSDT movements till next week.
No more talks, BTC is in a very serious situation. At the end of the next week, BTC may reach 60-62K and after that drop to near 50K level.
📡Please visit the recent positions.
💌Thanks for your support and energy.
BTC will probably try to pick up liquidity from both sidesThe chart may be a bit unclear, but I will try to explain what it means: when we first determine the fibonacci after the impulse with $74k, we can see the support exactly at fibonacci 1.21. That gives us the right to look at this as an ABC correction.
Below are the FVG of the bit zones :
The monthly that has been tested several times plus the monthly candle did not close inside it which is very positive
In the last correction towards 53k weekly fvg showed strong support
Gap: Which is formed after this impulse shows that fibonacci 0.61 coincides together with that..
For now, everything is fine.. we are in the middle of the range, 60k and lower to watch for a potential long.
Below 58k and the closing of larger time frames, the saint structure changes
#BTC/USDT#BTC
Bitcoin price is moving in a descending channel on the 1-hour frame
The price is moving inside the channel perfectly, it is expected after a slight rise
Then the decline will continue to fill the price gap with a target of 58,000
It is expected after the market recovers after filling the price gap
This decline is affected by the geopolitical events occurring these days
The pattern is canceled in the event of a 4-hour close above 65,000
BTCUSDT at daily support, likely to head up towards 65kHere is a long idea on smaller time frame.
The price is again at daily support from where it has bounced last time.
I expect the price to bounce again from here towards daily resistance DR1.
Therefore, a long trade setup is favorable here.
Let us see how the price moves in coming hours.
Let me know what you think about this trade idea.
BTCUSDT at weekly support, likely to head up to 106000The price had rallied well from the low it has made in the beginning of july 2024. But the weekly resistance WR1 stopped that rally again and the price has pulled back since then. This retracement has now reached a confluence of dailys support DS1 and weekly support WS1.
There is a chance that the price reverses from here but the possibility of dipping it further into weekly support zone WS1 cannot be ignored. However, this daily support will definitely cause some bounce which we can also be used for a long trade but that lower time frame setup we will talk in a separate post. This setup is meant for the long shot where the price is likely to head to 106k area after the reversal.
The current month is looking bullish from the monthly candle perspective and therefore, this a long trade is favorable from weekly support WS1, even though it might dip further into WS1 zone.
#BTC/USDT#BTC
Bitcoin price is moving in an upward trend on the 4-hour frame since the beginning of the month
The price is strongly adhering to the trend line. Now we have a slight breakout downwards. We are waiting for a rebound from it upwards and a 4-hour close above the trend to confirm the rise and respect the trend
We have so far stability above the 100 moving average, which supports the possibility of rising
We have a retest of the broken downtrend on the RSI indicator
Which gives a selling saturation and increases the chances of rising
Current price 66320
The target of rising on two targets
The first target is 68000
The second target is 69800
The model is canceled in the event of a 4-hour candle closing below 65000
BTC As shown in the 4-hour time frame, a strong trendlineAs shown in the 4-hour time frame, a strong trendline can be seen underneath, and at the current position, the trendline and the 0.236 fib level indicate that the price may rise to 70K from this limit. If this limit is breached and the price falls, the price may also fall to the 63k level.🌈✨
BINANCE:BTCUSDT.P
Bitcoin All Time High NOT PRICED IN YETFor weeks now, I've been talking about why the all time high for Bitcoin is NOT YET in. (Proof here)
Here are the main reasons why.
👉 Elliot Wave Theory
I've been discussing EWT for many weeks alongside with the bearish M-Pattern that marked the beginning of the corrective wave (3-4). Once the corrective wave finishes, which I expected to be a multi-month playout, the final impulse wave up awaits us (4-5).
👉 Bitcoin-Dominance Increasing & ALTS Bottom
Considering MANY alts have seen bottom patterns after corrections (as discussed in the video), its safe to say the dump is over. But BTC.D is still increasing... If you want to further understand WHY this is a good sign, see HERE:
_____________________________
KUCOIN:BTCUSDT CRYPTOCAP:TOTAL3
BTCUSDT at daily support, likely to head to 66300The price retraced to daily support DS1 after getting rejected from weekly resistance WR1. Weekly resistance was supposed to push price down, specially after that level being a strong zone for liquidity. However, the daily support is a good zone for the support. The price may trade here for a while but I believe the price will bounce here at least towards 4HR1. We will see how the price reacts once it reaches 4HR1 and act accordingly. Therefore, lets try this long trade setup. Let me know what you think.
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#BTC/USDT#BTC
The price is moving within a bullish channel pattern on a 30-minute frame, and the price is now at the lower border of the channel
Which supports the bullish assumption because the price is based on an upward trend and is moving within it
We have a higher stability moving average of 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward.
Entry price is 67,000 $
With a target at the upper border of the ascending channel 68600 $
BTCUSDT at 4h support, likely to head towards 70kHere is a trade idea on BTCUSDT. The price has moved well from the low it had made a couple of weeks back. It has shown strength while moving up and now facing some struggle at the daily resistance and currently resting on 4h support. The price is likely to bounce from this support and head towards weekly resistance WR1 which is around 70k. Therefore, lets take this long trade. We will monitor the price action and manage the trade on the way accordingly.
#BTC/USDT#BTC
We have a downtrend pattern on the 12-hour frame, the price is moving within it and adhering to its boundaries well
We have a support area in green at a price of 55,000 after the price touched it and rebounded from it
We have a trend to stabilize above the moving average of 100
We have a downtrend on the RSI indicator that supports the price upwards
Entry price 64,000
First target 67,600
Second target 70,587
Third target 73,670