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Longposition

BTC/USD -Enter the Bull Run all the Way Up to 111kIn our BTC/USD forecast and recommendations for taking a bullish position, we employ: 1) a 1-week time frame, 2) a 120-week Simple Moving Average (SMA), and 3) Fibonacci retracements drawn from the low of $0 to the all-time high of $68,991 attained in November 2021. Recently, the BTC/USD pair demonstrated a robust rebound from the 0.236 Fibonacci retracement line, which might foretell a potential upswing in the light of Bitcoin's historical price behavior. The current trading price at $27,300 suggests a likely accumulation phase. Therefore, we recommend initiating a long position right now, below the $30,000 mark. This entry point is determined by the recent bounce off the Fibonacci level and the prevailing bullish market sentiment. We place stop loss at about 15k, willing to accept 50% loss, if price moves against us. We will use no more than 25% of our total portfolio value to place this long and long-term trade. We advocate for expanding this position if the price surpasses $35,000, on a weekly close. 35k corresponds to the current value of the 120-week SMA, and breaking this resistance would further validate the ongoing upward momentum. We project this movement to occur ahead of Bitcoin's halving event slated for April 27, 2024. We propose the first profit-taking target around the previous all-time high of $70,000. Given Bitcoin's track record following halving events, this target is feasible and likely within a mid-term timeline. Our second profit-taking target is pegged around $111,000, coinciding with the 1.618 Fibonacci line. Hitting this target would signify a significant bull run and a substantial achievement for Bitcoin. Judging from Bitcoin's historical price action and growth trajectory, we predict this target could be reached by the close of 2028. www.tradingview.com
KRAKEN:BTCUSDLong
by PurseLance
1
BTC 🌥️ ETH ☀️ BNB 🌴 or ☁️? Read the latest crypto forecast!Sunny weather with a few scattered clouds lies ahead for Bitcoin and Cardano in the next 24 hours. 🌥️ This means that a slightly bullish market with upside potential is likely. Tropical conditions, a very bullish sentiment with some upside potential – lies ahead for Ethereum over the next 24 hours after it fixed technical issues on its beacon node. 🌴 Binance Coin should also benefit from tropical conditions today, according to ATTMO, a weather-inspired crypto AI forecasting tool. ☀️ Over a one-week horizon, ATTMO expects cloudy weather with some sun for Bitcoin, Litecoin, Ripple and Binance Coin .☁️ This forecast can be translated into a slightly bearish market with downside risk. Ethereum and Cardano face slightly better trading conditions over a one-week horizon: sunny weather with a few clouds – a slightly bullish market with upside potential. Follow us for more crypto market insights!
BITSTAMP:BTCUSDLong
by ATTMO
USDJPY, Bullish market, 4HrHello everyone, UJ began its official bullish momentum before the end of last week. Now that price has broken above EMA's and formed a double bottom respecting our demand zones, it will be in everyone's best interest to start looking for ways to enter into the bullish market. In this idea, I'm projecting that price will begin to reject in 136.300 price area and make a swing down to the next support/demand area on our four hour time frame in the 135.290 price area. If the projections comes true, look to enter the market going long at your own comfort level. If anyone has any questions, comments, or concerns, please do not hesitate to leave a comment. If this projection is similar to yours or agree with this analysis, please: Share, like, and/or leave a comment.
Long
by NoPumpFakesFx
1
BTC Cup & Handle with Inverse H&SWe saw a breakout candle with volume of the H&S confirming the pattern. Wide cup forming. According to O'Neil, handles should last around 4 weeks and drop up to 15%. We exceed the 15% momentarily but hey, this is Bitcoin. Handle pattern is invalidated if it breaks the pattern to the downside or essentially sees a new low. A breakout of the channel and then a breakout of the previous high around 31,000 would be extremely bullish with a price target around $44,000. Please rate this TA. Thanks.
BITSTAMP:BTCUSDLong
by austinratchford