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Btcusdtrade

BTC will continue to increase stronglyBitcoin ETFs give investors access to the world's largest cryptocurrency without having to hold the assets themselves. Instead, you can buy stocks backed by Bitcoin purchased from the issuer. Seifert pointed out another caveat. Even if the SEC were to approve a rule change to allow ETF trading, it would be completely separate from approval of a fund's registration statement. Both applications must be approved for the pending Bitcoin ETF to begin trading Although it may take months for a Bitcoin ETF to start trading, recent price gains prove that investors are optimistic about this event. BTC rose more than 20% in October thanks to hopes that the long-awaited approval of the Bitcoin Spot ETF may finally materialize. A person familiar with Grayscale's efforts to convert GBTC into a Bitcoin ETF said yesterday that the company is actively discussing the application with the SEC. But a potential Bitcoin Spot ETF isn't just about increasing BTC prices.
BITSTAMP:BTCUSDLong
by AstronautPioneer
1
BTCUSD: November 9 Technical Analysis of BTCThe rise in Bitcoin (BTC) has paused at $36,000, but bulls are not in a hurry to cash in. The number of long-term holders (addresses holding Bitcoin for at least 155 days) is close to an all-time high, while the number of short-term holders (addresses holding coins for less than 155 days) is currently at an all-time low, according to Glassnode analysis, indicating that the supply of Bitcoin is getting tighter. Although the long term appears promising, there may be difficulties in the near future. The open interest in the Bitcoin futures market has increased significantly, surpassing $16 billion as of this writing, based on statistics from CoinGlass. Contributor J.A. Maartunn of the on-chain analytics tool CryptoQuant emphasized on While the price of Bitcoin could drop
BINANCE:BTCUSDLong
by Chart_MasterPro
Bitcoin Update 08.11.2023Analyzing BINANCE:BTCUSDT on a weekly basis is currently one of the simplest but also most effective tasks. This is because Bitcoin generally only fluctuates between support and resistance. In addition, it is fully compatible with the Fibonacci correction. Therefore, I can easily determine how far it will run. The fact that INDEX:BTCUSD has not made a significant movement for 1 week shows us that it will not end its 4-week run before hitting the $38 thousand level. But I cannot recommend anyone to buy here and this is definitely not a buying signal. Because one way or another, this short-term run has come to an end and therefore I am expecting a correction. When I applied a Fibonacci tool to see how far the correction would be, the level I saw was around $31k. This level is both an important support according to price action and the Fibonacci 0.5 level. It should not be forgotten that Bitcoin likes 0.5 much more than Fiboncci 0.618, especially in the weekly time interval. Therefore, I think it will return to the FWB:31K level after the $38k resistance is tested. This level will be a great buying opportunity for me. The FWB:31K level is also the follow-up level of the upward trend that has been continuing since the beginning of 2023. Therefore, a return from this level will also be an indicator that the trend continues. After buying at FWB:31K , my first target will be the $47200 level. I will not try to teach investment strategy to anyone here, but selling at resistances and collecting at supports is my own strategy and is suitable for my risk management.
INDEX:BTCUSD
by YavuzAkbay
BTC 4HR Analysis - Bull Channel Breakout to Weekly ResistanceBTC/USD broke out of the previous trading range to $35,000 and has been in a bull channel continuation pattern since. Just above this bull channel is the weekly bull channel resistance which happens to be a perfect measured move setup from the previous breakout level. The probability is in favor of a breakout to the upside to at least touch the Weekly channel resistance at $37,500. If the price span of the channel is the measurement of the move above the channel, we could see just above $38,000. Key Points: 1. Bull Breakout from the previous trading range 2. Bull Channel Continuation Pattern is playing out 3. Price is near Weekly Channel Resistance just above the bull channel 4. Gap to fill to the Weekly resistance with a Measured Move 5. RSI has Room to Move Up As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
INDEX:BTCUSDLong
by TraderEngineering
1
Macro BTC pattern shows path to 42-44K then 32KThe chart is self-explanatory. All I have done is taken the Bar Patterns at the 15K lows and matched them with the lows at 25K, there are astonishing similarities. Go ahead and have a look at all the similarities I have highlighted. This pattern suggests, we should soon have a pump to 39K region, then a dump to 34K region followed by a pump to 42 to 44K region and then a large dump to 32K region. The dump to 32K would be akin to dump at 19.5K from 25K and then 32K region could act a strong S/R flip to push the btc price to new highs. It's possible that this may not repeat exactly like before, but when there are so many similarities, we should pay attention. This is not at all surprising to me, Infact I have been targeting 40K from past 8 to 9 months while most traders were bearish and calling for severe downside. I also call the 15K bottom Macro bottom when others were expecting more downside. I am again saying 25K is a major bottom in the BTC cycle. I have added links to those posts where you can find details about the above claims. Note: Even though patterns tend to repeat on macro timeframes, there is no guarantee that they will, all these similarities can go out the window. I personally will start taking this pattern seriously if we Pump to 39K region withing next 5 to 7 days, which is what we can see from the BAR feed copied from 15K region.
BYBIT:BTCUSD.PLong
by zakoraio
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
BTCUSD 4H : Waiting for breach 35048BTCUSD New forecast The price perfectly fulfills my last idea and price reached to our first target and now on the way to reach the second target . Bitcoin price resumed its positive trading after reaching our expected target at 35048 and rebounded from it, trading near the 35048 barrier, waiting for it to breach to achieve our next positive target at 35754 and 37000. The ascending channel continues to organize the proposed ascending wave, and supports the chances of achieving more gains in the longer term, recalling the importance of stability above 33022 for the continuation of the expected rise. so it is possible to do a retest and then rise up and the main condition to be up trend is stability above 35048 and then our targets will be activate . The expect range trading for today will be between resistance line 35754 and support line 33022. support line : 33022 , 31044 resistance line : 35048 , 37000 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EIGHTCAP:BTCUSDLong
by Arazmajeed
BTCUSD 4H : Support further rise upBTCUSD New forecast Bitcoin price made some temporary downward correction and is trying to resume positive trading with the opening of the day, keeping the bullish trend scenario in place for the coming period, remembering that our next main target extends to 35048 and 35754. Moving average 50 supports the proposed bullish wave, keeping in mind that breaking 33022 will stop the positive scenario and put the price under negative pressure again. The expect range trading for today will be between resistance line 35754 and support line 33022. support line : 33022 , 31044 resistance line : 35048 , 37000 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EIGHTCAP:BTCUSDLong
by Arazmajeed
2
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
BTCUSD: Pent-up for years, trillions of dollars of institutionalAccording to a blockchain executive at professional services provider Ernst & Young (EY), Bitcoin is seeing strong demand from institutional investors but is still waiting for Bitcoin spot ETF approval to trigger a buying surge. EY global blockchain leader Paul Brody believes that Bitcoin is seeing a lot of pent-up demand from institutions due to US regulators not approving spot Bitcoin ETFs for years. Brody discussed the outlook for cryptocurrency adoption on CNBC's Crypto Decrypted on October 23, claiming that trillions of dollars of institutional money is waiting to join Bitcoin once the BTC ETF is approved.
BINANCE:BTCUSDShort
by Chart_MasterPro
2
BTC Surges Past $35,000! Join the Excitement and Long BTC Now!I am thrilled to share with you some exciting news that has sent shockwaves through the market: Bitcoin (BTC) has just broken through the $35,000 barrier, reaching new heights in its incredible journey! But that's not all! As if this milestone wasn't enough to get your heart racing, the Blackrock Ishares Trust has recently been listed on the Depository Trust and Clearing Corp (DTCC). This development further solidifies BTC's position in the financial industry and signifies a significant step towards mainstream adoption. Now, let's take a moment to appreciate the magnitude of this breakthrough. Bitcoin has been on an astonishing bull run, defying expectations and proving its resilience time and time again. With each new high, it becomes increasingly clear that BTC is here to stay. The potential for substantial gains has never been more real! So, what does this mean for you, dear traders? It's an invitation to seize this opportunity and ride the wave of BTC's success. With its recent surge, Bitcoin has once again captured the attention of both seasoned investors and newcomers alike. The time to act is now! If you haven't already, consider taking a closer look at the potential benefits of longing BTC. By embracing this exciting trend, you position yourself to capitalize on the market's upward momentum. The Blackrock Ishares Trust listing on DTCC further reinforces BTC's legitimacy and opens doors to a broader range of investors, potentially driving prices even higher. Don't let this moment pass you by. Join the ranks of those who have recognized the immense potential of Bitcoin and take action to long BTC today! Remember, the cryptocurrency market is dynamic and ever-changing, and the opportunities it presents are time-sensitive. Don't wait for the next big announcement; make your move now! To get started, I encourage you to conduct thorough research, consult with trusted experts, and carefully consider your trading strategy. As always, it's essential to stay informed, practice risk management, and make well-informed decisions. Let's embrace the exhilaration of this moment together and set our sights on reaching new heights with BTC! Long Bitcoin and embark on this thrilling journey of potential wealth creation. Wishing you profitable trades and endless excitement!
BITSTAMP:BTCUSDLong
by bryandowningqln
Everyone sees this pattern on BTC chart, but will it work out ?Today, we're going to look at several scenarios for possible Bitcoin price movements. Let's start with the fact that our previous trade for BTCUSDT hit the breakeven stop yesterday. Although this trade showed +7.5% at its maximum and 2.5% to take profit, we recorded a +0.7% result. We hope that someone else managed to make better use of this trade and record a higher profit. The triggering of a stop order makes it necessary to analyze the chart on a larger time frame and consider various possible scenarios in the future. Head and shoulders is a global trend reversal pattern. Probably, most people looking at the BTCUSDT chart now will be able to see something similar to the probability of H&S formation. However, there is an important note: the final confirmation of this pattern will come only after the price of BTCUSDT breaks through and fixes below the "neck of the pattern", i.e. below $24600-25300. Therefore, it is very important to wait for the confirmation of this pattern. Here's an example from 2020 when the same pattern was drawn twice, once it deceived, and the second time it worked: And it is very likely that the first time, novice traders did not wait for the pattern to be confirmed and open short position above the neckline and suffered a loss on the upside. And the second time, they suffered a loss by taking longs, because they thought that the pattern didn't work at all, as it had already happened a few weeks earlier, and the pattern worked out well after confirmation. As the BTC price drops, we will analyze the market situation at the moment and look for a range to enter longs. At the moment, this range starts from $25300 (if buyers do not allow the low to be updated) to $24600 (if sellers manage to break the stops that are hidden behind the two previous neckline lows). So, if you like the way we think, comment on this idea, like and subscribe to us. And you will receive a notification from Tradingview that we have updated this idea and published a "fresh" trade . If the price of BTCUSDT does consolidate below $25000, then there is a good chance that the pattern will work out. The target for this pattern is around $19700. But for now, at least for us, this is too obvious an option that everyone can see. But unfortunately or fortunately, "everyone" cannot make money in the market, can they?)
BITSTAMP:BTCUSD
by P_S_trade
37