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First ATH BREAKOUT Before Halving? Hello, Traders! Today, We have to Speak about King “₿”. The Bitcoin Halving usually represents a significant milestone in the cryptocurrency's ongoing evolution. Satoshi Nakamoto programmed an event into the Bitcoin network every 210,000 blocks or approximately every 4 years. This will continue until the mining of 21 million coins (estimated to occur in ≈2140) marks the end of the cryptocurrency's issuance. To gain an understanding of its impact, it is necessary to analyze historical data: 1st Halving (Nov 2012): Price was ≈$12.0 (Pre-Halving), escalating to an unprecedented peak of ≈$1.240 in November 2013. 2nd Halving (July 2016): The price stood at ≈$600 (Pre-Halving), surging to a remarkable high of ≈$19.756 in December 2017. 3rd Halving (May 2020): The price was ≈$8.500 (Pre-Halving), catapulting to a new pinnacle of ≈$64.800 in April 2021 and ≈$69.000 in November 2021. 4th Halving (April 2024): At the time of this writing, the price has risen from ≈$64,000 to nearly $66,000. In Bitcoin's early days, miners received 50 BTC for every new block they added to the blockchain. However, after the 1st Halving (November 2012), that dropped to 25 BTC. Then, after the 2nd Halving (July 2016), it became 12.5 BTC. After the 3rd Halving, it's down to 6.25 BTC. The 4th Halving (April 2024) reduced the reward from 6.25 to 3.125 BTC. A review of historical data indicates that, in the period following each halving of Bitcoin, prices have consistently risen within a span of six to twelve months. However, the current situation is distinct. Why? This time, the price of Bitcoin reached a new high before the halving event occurred. The graph reveals that the previous ATH was achieved in November 2021 but was subsequently surpassed on 24 March 2024. It is noteworthy that the halving event occurred on May 1, 2024. However, it's crucial to note that the relationship between halving events and price fluctuations is complex and multifaceted. It is not just expectations and moods. Numerous factors, including market fundamental events and technological developments, contribute to Bitcoin's price dynamics. This time around, the landscape surrounding the Halving Event is undeniably different, characterized by numerous vital factors that distinguish it from previous cycles. Foremost among these differentiators is the advent of spot Bitcoin Exchange-Traded Funds (ETFs) in the United States, marking a significant milestone in Bitcoin's integration into mainstream finance. Introduced by prominent financial institutions, these ETFs have swiftly garnered attention and investment inflows, reshaping the market structure. The launch of spot Bitcoin ETFs has been met with enthusiasm, evidenced by impressive net inflows totaling over $12 billion within a short span. While recent data indicates a slowdown in net inflows and a temporary outflow streak leading up to the halving, the long-term implications of these ETFs on Bitcoin's demand dynamics are profound. Consistent daily inflows into these products could provide significant support for Bitcoin's price, particularly as the rate of newly mined Bitcoin decreases post-halving. With the Halving Event now behind us, what's in store for its future? Time will reveal the answer, but with these fundamental factors in play, one can't help but hope for the best. What do you think?
CRYPTO:BTCUSD
by WhiteBIT
1
BTC Price History repeated itself pretty accuratelyI updated an idea I posted at the beginning of the year, but I wanted to make a separate posting to make it clear. I looked back at the candlestick pattern from 2018 to the beginning of 2021 and replicated it on September 2022 to June 2023 (the BLUE pattern) The price prediction played out pretty well in the following months up until right now, November 4, 2023. It's not dead perfect, but it's surprisingly very similar so there is a lot to learn from it and you could've made many short-term trades based on that. The price target of 38k was preshot too early, but we see that it's coming pretty close to it right now.
by YanakTrading
1
$BTC/USD Technical Analysis of the Full Moon on September 2020Blessings family of traders, may you are well and in peace, and hopefully having some nice profits today. I want to share you what happened exactly 1 year ago during the last Full Moon on September 2020. Understanding our past is key to have a better use of our present possibilities under similar circumstances. Again, let's go quickly thorugh the basics of Moon Trading : The day of the Full Moon usually is the lowest price of the month, sometimes this could be around 2 to 3 days prior or after the Full Moon. The day of the New Moon usually is the highest price of the month, sometimes this could be around 2 to 3 days prior or after the New Moon. The period between a Full Moon and a New Moon is two weeks, through which prices go up. The period between a New Moon and a Full Moon is two weeks, through which prices go down. Now, keeping this on mind, in the Full Moon on September 2020, $BTC had a fall of %18.81. To have even more perspective, in the Full Moon on September 2019 $BTC had a fall of %26.25. In the Full Moon on September 2018 $BTC had a fall of %7.36. The question is, how deep is the fall in the Full Moon on September 2021? The answer so far: %12.15. If we take these numbers as parameters, we can easily think that we are above the minimum (2018) but under the maximum (2019) which it could indicate there is a little bit more of room to keep falling, even the double, as it happened on 2019. What have these Full Moons on September from each year in common? They all did rise again after the fall, and usually is kind of part of the rules, what it rises too much surely will fall, and what it falls too much must rise again. Be patient, plan your entry and then do as you have planned.The best moment to buy usually is when the MACD's blue lines crosses above the red, and when the RSI is oversold/undervalued. Not yet there, but once we are be ready. In a crisis there are two kind of people, those who cry and those who sell tissues. Which one are you? Let me know in the comments! Keep an eye on it and let's make some nice profits with this amazing Moon Trading strategy! And remember to share this information so many more souls could become financially free and live a purposeful life! This is not financial advice but for educational purposes only. Always do your own diligent research. COINBASE:BTCUSD
COINBASE:BTCUSD
by nicolashuljich
2
BTCUSD Pivot PointsBTCUSD Daily Looking at Traditional Pivot Points and the reoccurring price action between Pivots “P” and “R1” and highlighted by a Bar Pattern. As defined by TradingView “Pivot Point analysis is a technique of determining key levels that price may react to. Pivot points tend to function as support or resistance and can be turning points. This technique is commonly used by day traders, though the concepts are valid on various timeframes. There are several methods of identifying the exact points. Common types of pivot points are Traditional, Fibonacci, Woodie, Classic, Camarilla and DM and each type has its own calculation method. Most use a variation of significant prices such as established highs, lows, opening and closing prices and then apply a calculation to determine these points. They all calculate additional support and resistance levels alongside the pivot points. They can be used to determine when to enter or exit trades or to determine the range of a market. Conservative traders look for additional confirmation before entering a trade. Whether pivot points are used alone or in combination with other techniques, they are a useful tool in a technical trader's toolbox.” The Purple Bar Pattern is a copy of the last move from “P” to “R1” and if it plays out it will identify that the Key pivot sits alongside the previous top and could be used as Daily Resistance. Do you use “Pivots”? "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
COINBASE:BTCUSDLong
by Trader_Johnni
Does the Bitcoin Pi Cycle Top mean anything close to 2017?The world witnessed December 17, 2017, in which Bitcoin's price briefly reached its all time high over $19K. And shortly in less than a week time, on December 22, 2017, it swiftly fell around $11K, a record fall of over 45% from its peak. The interesting thing is: the Pi Cycle Top flashed right about on the ATH in 2017 cycle. The same has reoccurred the second time in the history of Bitcoin reign. What does it mean this time? There's a already over 20% loss just in 5 days? Is this real that the cycle has already begun to force repeat 2017 amid increasing adoption of Bitcoin and overwhelming enthusiasm globally? How do you evaluate the scenario?
COINBASE:BTCUSDLong
by BITSOFF
2
BTC – the history is being built right nowHi Guys! Don’t be afraid of today’s red market . This is just temporarily . Investors have to take their profit after significant bounce up. Although we may expect to have a small correction on BTC, in general, we started building the 5th wave on the Elliot Wave pattern . Please take a look at the chart. At the end of 2011 we had a start of the 1st wave . It was valid for nearly 2 years . The second wave was a correction wave . It took around 13- 15 months turn the bear market into a bull market . Consecutive wave was our favourite one. We had this nearly 3-year bull run. During this time the new fortunes have been made . Many people fell in love with crypto and at the peak time at the end of 2017 crypto were present even in the mainstream media. Unfortunately, after this, we had to struggle with the correction . After 15 months we can assume it is finished . We are currently building wave number 5 . It should last for another 2,5 or even 3 years. At the beginning, it will be slow, sleepy and sluggish . In the middle of this wave, the trend will evidently accelerate . At the final part of the same wave we will see madness . Very strong uptrend and many positive news in media about crypto. If you suddenly start to hear about crypto from your hairdresser or seller in a bakery it means it is time to sell because the correction is coming soon. LOL :) So the next 2,5 years should be positive . Of course, there will be ups and downs . This is normal but the general picture will be gaining positivity over the time. Thank you for reading and your time. Do you agree with such a scenario? Please comment down below. MASSIVE Hugs! WBM Team
BITSTAMP:BTCUSDLong
by WBM_Team
14
BTC - fractal comparisonHi there! I just wonder if history can repeat again and make a similarly steps like in the past. Also I have to confess that I made this chart only to kill the time. Hence you have to take it with a pinch of salt. Whether it's possible to goes according to this trajectory I have no balls to say. I suppose the BTC -1.59% have to get 60% of dominance before we could see some real ride. If we wanna talk about the end of this bear market firstly we have to overcome two obstacle. There are two conditions which should be fulfil if we wanna talk about the uptrend : 1. break the daily MA 200 2. make a new daily higher peak It's so simple but so far at the same. Have a good day !
BITFINEX:BTCUSDShort
by tommyelltom
14