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My final chart on BTCUSD Re: Weekly Chart Sell-off MTOP I wanted to take apart the bitcoin selloff due to the M-TOP that formed on the weekly chart in 2024. M-TOPS will always form as price-action increases and profits are locked in by traders buying at lower prices. In case you find it hard to read the chart. The price basically dropped a further 19% when the neck was properly breached by the 1 July weekly candle of 2024. If you know a thing or 2 about M-Tops.... the distance of the top of an M-Top structure to the neck-line should always be the same distance from the neck-line to the lowest price point. In this case it is about 19%. Finally the most recent weekly candle has rebalanced the previous bearish candle of 5 August by 50% fib retracement, sure price could retrace back down to 38.2% of that bearish pink candle & would in all likelihood gain strong support there. The 38.2% retracement of the last bearish 5 August candle is about 54,000 (BUY) But it's price action is very volatile even more so than Gold so keep that in mind. Scale in to buy with very low lot size within your margin affordability. Last Advice: Never hold onto a losing trade that is going against you. It will keep going against you.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
BTCUSD CHART ANALYSIS ON MID & HIGHER TIMEFRAMES! Firstly, on bitcoin note the bullish Cup & Handle pattern that sure has been in formation for a long time. On the 1HR & 4HR charts price is getting support on the 200 EMA & 50 EMA respectively. Ideally on the 1HR chart we want the 200 EMA to form underneath the 50 EMA. Digressing a bit, my feeling is that next week precious metals like Gold will not perform as well as they have this week. Gold in particular is overextended and overbought on the higher timeframe Stochastics. Silver to a lesser extent which will still shine over Gold in the short term. Notwithstanding, the Gold price will go through the roof next month when the USA finally moves on reducing interest rates which is almost a certainty IMO. I think that the recent blunt price action in Bitcoin as the focus has been on Gold the last couple of weeks, it could be a bullish run for Bitcoin coming up from this Monday. The 1HR chart looks very bullish to me.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
Bitcoin insane $105,000 target still on track but first a WedgeWhen you use longer time frames, more patience is required for the play. We've seen since Early 2022, the price started forming a Rounding Bottom. It completed on 7 March 2024. Then was the consolidation period where traders are freaking out and calling it the next Crypto winter. But in the bigger scheme of things it's just where demand and supply is settling for the next big move. Follow on and we have a large falling wedge in play for Bitcoin. And once it breaks out, the target of $105,000 is easily on the cards. Trading CFDs is not suitable as the daily interest charges on this kind of trade, will eat away at the portfolio. So, I would only raw dog and buy more Bitcoin once the break out above the Wedge. Will update as goes.
OANDA:BTCUSDLong
by Timonrosso
$BTC - SHOULD WE BUY OR SELL BITCOIN 2024?Let's face the truth which is Bitcoin moves on big whales' decisions ( Exchanges, Companies & Governments ). To sell a big amount of Bitcoins, you have to handle a buyer ( a Whale ) to negotiate the price and of course it all happens on exchanges. Most of small traders and investors have no idea of what will happen next months, all the data is being handled between exchanges and companies, so we are trying to forecast what will happen with the Bitcoin prices in the next months, and guess what, we could fail and stuck with highest prices for the next years ( I mean the next Bitcoin Halving 2028 ). If we take a look on monthly Bitcoin chart, we see big pumps and dumps. The big dumps happened when Bitcoin had crossed up 65,000 levels ( I mean the real confirmed orders NOT bots ) and The demand increased when Bitcoin had crossed down 30,000 - 25,000 levels. What We Expect: Big pumps and dumps will happen as a SNAP at unexpected time. Who bought at 15,000 and 24,000 levels needs to confirm their profits in USD. We could see Bitcoin at 100,000 supported with small orders ( Bots ) but the real buyer have a big order at 65,000 - 50,000 levels, so catching these orders are profitable for the sellers who bought at 16,000 - 22,000 levels. Eventually, Bitcoin is the backbone of crypto market. It will back to below 40k levels not for me or you but for the liquidation to start a new cycle. If you are a long-term investor , wait the lowest prices below 40,000 levels. If you are a pro-trader , you can do scalping trading while Bitcoin above 40,000 at your own risk. Have a good day and don't invest more than you can afford to lose.
by b4sk
2
BITCOIN Prediction in 2024 or 2025 - $105,900Looking at the daily chart, the rate at which Bitcoin has shot up is at an inclination of something around 60-70 degrees. This could be bubble territory for downside to come. But NOT a crash. There are two scenarios here. 1. Bitcoin rallies to $105,000 in 2024 If a rounding bottom is established with the price rallying above the neckline, the anticipation of the halving could lead to increased buying activity, pushing prices towards my projected target of $105,900. Investors might see the halving as a bullish event, leading to accumulation before the event. A Rounding Bottom is established and the price is above the neckline which will cause the share to rocket to $105,900 in 2024. 2. Bitcoin rallies to $105,000 in 2025 Should the price enter a consolidation phase post-halving, forming a cup and handle pattern, it could signal a bullish continuation. This scenario might play out over a longer period, with the rally towards $105,900 occurring in 2025 as the market fully absorbs the halving's effects and adjusts to the reduced supply. Regardless or as the idiots say irregardless... The charts are bullish and showing major upside to come. With halving on the way, it makes sense why supply is low and demand is high, because people want more rewards with mining bitcoin compared to when the next Halving takes place. SKIP THIS PART IF YOU KNOW HALVINGS Halving in a Nutshell Bitcoin halving is an event that occurs approximately every four years (or every 210,000 blocks mined), where the reward for mining new blocks is halved, meaning miners receive 50% fewer Bitcoins for verifying transactions. This mechanism is built into Bitcoin's code to control inflation, reduce the supply of new Bitcoins, and ensure that the total supply of Bitcoin caps at 21 million. First Halving - November 28, 2012: The reward for mining a block was halved from 50 bitcoins to 25 bitcoins. Second Halving - July 9, 2016: The block reward was further reduced from 25 bitcoins to 12.5 bitcoins. Third Halving - May 11, 2020: The most recent halving reduced the block reward from 12.5 bitcoins to 6.25 bitcoins. Fourth Halving - Expected in 2024: The next halving is anticipated to occur in 2024, where the block reward will decrease from 6.25 bitcoins to 3.125 bitcoins. Each halving event has historically been associated with increased interest in Bitcoin, price volatility, and speculation about the cryptocurrency's future. While historical data and the scarcity principle support the bullish outlook post-halving, external factors such as regulatory changes, macroeconomic conditions, and technological advancements could influence Bitcoin's price movement. This leads to price ascension. However, if the sellers don't sell - then the market becomes in a way illiquid for decent movements. This can signal a potential sign of fear for when you get that one big seller (money market, institution, or some billionaire) who offloads their Bitcoin which causes sheep mentality crashes. But the crash will be short lived, as always, and the rally will take over. So simple... Rounding Bottom - Bitcoin rallies above $105,000 in 2024. Cup and Handle - Bitcoin rallies above R105,000 in 2025. Thoughts?
OANDA:BTCUSDLong
by Timonrosso
UPDATE: Bitcoin Wycoff Method moved like a Beauty to the topIf you remember from November when I first sent this article, we pinpointed that there was an evuidential Wycoff Method and phases taking place with Bitcoin... We based this on the starting for the phases in 2020 up until 2024 where it has ALMOST reached our first target for 2024 at $71,350/. Now just because we have a target, does NOT mean we will go short or make a reversal prediction. No, that's all in the charts and it will tell us when there is a change in trend. We need to be humble to let the market Go down 20% before we make an possibility for a short. Hence the 20-80 rule... This means I am still very much BULLISH and do not see any reason not to be just yet. Anyway, I know there are many new traders on TradingView so I will quickly explain the Wycoff Method again. The Four Phases of Wyckoff’s Method and how it works Phase #1: Accumulation (Consolidation) The Accumulation or Consolidation phase, occurs after a prolonged downtrend or in a range-bound market. During this phase, large institutions, investors and smart money buys the market at lower prices. And they are able to keep the market sentiment subdued which continues to move in a sideways manner. Phase #2: Markup (Advancing) Once traders see the buying interest and demand, this is where they jump in… And so the market is poised for a potential uptrend. The Markup phase begins as the price starts to rise. This phase reflects the transition from a sideways market to a bullish market sentiment. During Markup, the market’s price rallies. This allows the rest of retail traders to get in and ride the upward trend to maximise profits. Phase #3: Distribution As the market reaches elevated levels until it hits a peak. That’s where the institutional players begin to distribute (sell) their holdings. The Distribution phase is characterized by smart money selling their accumulated positions to eager retail investors. This is where you’ll see another market phase where you can see a sideways or Twilight Zone range. If you’re able to recognize a Distribution phase, it could prepare you for a potential reversal to the downside. Phase #4: Markdown (Declining) Once Smart Money have sold off their positions, prices then start to decline. Retail traders and dumb money jump right in and start selling their assets – which causes a market crash. This reversal then enters into a near market. You’ll see the price making lower highs and lower lows. And that’s when the market will enter into free fall mode. It will continue until it hits a bottom. And that’s where the big guys will get right back in. And the phases start all over again. Which right now we've seen STRONG accumulation and Markup in the last few months... Now you know what to look out for You now have the idea Wyckoff’s Method in your trading arsenal. Keep these four phases in your mind Accumulation Markup Distribution Markdown You can use it help identify and spot different market trends, environments and phases with more confidence. This can help you to know when to buy, when to sell and when to remain cautious. Remember, the charts never lie.
BITSTAMP:BTCUSDLong
by Timonrosso
Why 48000 is a an easy target for Bitcoin ?With the bullish momentum and currently trading at the strong support bitcoin is aiming for 48K. 48,000 is an easy target for Bitcoin without any major resistance between current price 38K and 48K ------------------------- VectorAlog Trade Details ------------------------- Entry Price: 38000 StopLoss: 34000 ------------------------------------------------------------------------------ Target is 48000, Move StopLoss to breakeven when Bitcoin price hits 41,000 ------------------------------------------------------------------------------ Regards
Long
by VectorAlgo
1
The Silent Killer: Understanding Inflation's Impact Inflation is an economic phenomenon that gradually erodes the purchasing power of money over time. While it may seem like a minor inconvenience, inflation can have detrimental effects on individual savings , investment returns, and overall economic stability. In this article, we will explore why inflation can be considered a silent killer and delve into the reasons behind the growing interest in Bitcoin as a potential defense against its effects. 1. The Hidden Damages of Inflation: 1.1 Reduced purchasing power 1.2 Diminished savings value 1.3 Income distribution imbalances 2. The Role of Central Banks and Government Policies: 2.1 Monetary policies: Central banks use various tools, such as adjusting interest rates and printing more money, to manage inflation. However, these measures can sometimes have unintended consequences. 2.2 Fiscal policies: Government spending, tax policies, and borrowing influence inflation rates by impacting the money supply and aggregate demand within an economy. 3. The Case for Bitcoin as a Hedge against Inflation: 3.1 Scarce supply: Bitcoin is a decentralized digital currency with a limited supply of 21 million coins. Unlike fiat currencies, no central authority can arbitrarily decide to print more bitcoins, reducing the potential for inflationary pressures. 3.2 Store of value: Bitcoin's limited supply and increasing demand make it an attractive store of value, especially in a world where traditional fiat currencies are prone to inflation. 3.3 Global accessibility: Bitcoin transcends geographical boundaries, enabling individuals to protect their wealth and access financial services without relying on traditional banking systems that can be influenced by inflationary pressures. 3.4 Economic uncertainty: In times of economic distress or high inflation, Bitcoin offers a potential safe haven for investors seeking to preserve the value of their wealth independently of traditional financial systems. 4. Considerations and Risks: 4.1 Volatility 4.2 Regulatory challenges 4.3 Technological barriers Inflation can silently erode the value of money, impacting savings, investments, and overall economic stability. While many traditional assets struggle to mitigate inflation risks effectively, Bitcoin can potentially serve as a hedge against inflation due to its decentralized nature, limited supply, and growing global acceptance. However, investors should carefully consider the risks and challenges associated with cryptocurrencies before making investment decisions. What do you want to learn in the next post?
COINBASE:BTCUSDEducation
by UnitedSignals
6
Before $100K Bitcoin Looks to Establish Support Below $30K!I've bumped my head against the monitor for the past 1 1/2 weeks, trying to find a valid, good looking Elliott Wave count for Bitcoin. I'm happy to say that I've established an outlook that's very much fitting, according to historical price action and proper Elliott Wave count. In times past, nobody has believed in the Big Crypto Reset more than I but as of now, I'll be the loudest to say that $20K will not break again (at least for the next 5-10 years). Assuming we're in Wave 4 of the 5th Wave of the Big 3rd Wave, a revisit to low $20Ks is soon to come in an Extended Flat correction. Wave 5 of the 3rd Wave will take us beyond $120K. *The drop to $20K can be considered invalid if we see $60K before then. *The pump to $100K may be inaccurate if $20K breaks on the next drop. See here for my analysis of the current position...
BITFINEX:BTCUSD
by DigitalSurfTrading
14
DOTBTC - SELLHello traders, I'm going to sell DOT for BTC because if we go into a retrace with bitcoin, I predict based on history that BTC will again grow faster than altcoins and therefore I am open to the possibility that BTC will be much more beneficial to me and in addition, we can see here that there is a beautiful downtrend, so after the analysis I found out that the trend is also on our side. I personally prefer setting up multiple TPs , here's an explanation: 1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns 2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE 3) 5-10 :1 means bonus money with rest of trade volume 25% In this way, I ensure that my equity curve grows consistently without significant dips. Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position! If you like my analysis, give a follow, I'm going to do it regularly every day!
Short
by TraderDominik
What happens when Bitcoin price moves below 200 EMA ?A historical data of the Bitcoin with EMA 200 shows that whenever Bitcoin moved below 200 EMA, it always bounced back to Higher High. We can expect the same bounce back in this case. This is an excellent opportunity for the people to buy more Bitcoin and HODL for long term. As per the chart we can expect BTC to move sideways for few more weeks and after that, it's gonna a Green Candles back to back. Let's wait and watch. Cheers GreenCrypto.
BITSTAMP:BTCUSDLong
by GreenCryptoTrades
7
Bull trap on BTC!!!In this video i am explaining where i think we are going to go from here and also i'm looking at the 4 hourly, daily, weekly and monthly chart. This is my first video and i hope you'll like it. Also i'm sorry for my speaking mistakes, I'm trying to improve my english. What do you think about my first video and analysis ? Feel free to leave a comment. If you like my ideas please follow me and like because you can always find something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. DON'T SELL YOUR CRYPTO BTC TO THE MOON!!!
Short
by Mladen94
7