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ETHBTC Analysis: Bullish Momentum and Potential Corrections#personaloutlook #marketupdate #cryptoweeklyupdate on 27/05/2024 #sekilascrypto #ETHBTC As I mentioned last week, we have successfully broken through the yellow area at 0.4883212 - 0.05036641, indicating that ETH is starting to strengthen against BTC. So, what's next for ETHBTC? Currently, it remains quite strong and bullish, but as we can see, the Stoch RSI is already entering the overbought area, which could potentially lead to a correction. On the daily timeframe, there is still a chance to reclaim up to 0.06047006 and then drop back as a correction to the current area around 0.05677990. However, overall, there is a big possibility it will move to the green zone in the area of 0.06554863 - 0.06813071.
by x_Akki
BTC Market Update: Bullish Rebound Potential on 27/05/2024Good morning, the candle close on the 26th has the potential to drive BTC down further, but today's candle on Monday the 27th looks quite bullish. If tomorrow's candle can close fully covering the body of the 26th candle, it could increase the chances of reclaiming the 70893 area. The Fear and Greed Index this morning is still in the greed status, indicating there's still a chance for market makers to push it down to fear status with the aim of shaking out retail investors first. However, as always, the market is dynamic and anything can happen. "Hope for the best and prepare for the worst." Keep in mind to stay safe and always trade like a robot without emotion. That's it for today's crypto update. I'm Akki, signing off with one chart.
INDEX:BTCUSD
by x_Akki
BTC Bullish Push: Key Levels & Extreme Greed WarningGM, this morning's BTC candle close on the 24th was quite bullish. Weekend volume tends to be low, but a nice push for BTC. If the price manages to close above 69K++, the chance for a pump to the green zone at 76150 - 77302 increases. However, be cautious as of today, March 25, 2024, the fear and greed index shows in the extreme greed zone, which means there is still potential for market makers to sell their assets, leading BTC to drop further, and possibly a bearish scenario might come true. Always keep funds ready to shoot your chosen altcoins at discounted prices if the market provides the opportunity. Stay safe and always trade like a robot without emotion. That's all for today's crypto update. I'm Akki, signing off with one chart.
INDEX:BTCUSD
by x_Akki
BTC Bullish Push: Key Levels & Extreme Greed WarningGM, this morning's BTC candle close on the 24th was quite bullish. Weekend volume tends to be low, but a nice push for BTC. If the price manages to close above 69K++, the chance for a pump to the green zone at 76150 - 77302 increases. However, be cautious as of today, March 25, 2024, the fear and greed index shows in the extreme greed zone, which means there is still potential for market makers to sell their assets, leading BTC to drop further, and possibly a bearish scenario might come true. Always keep funds ready to shoot your chosen altcoins at discounted prices if the market provides the opportunity. Stay safe and always trade like a robot without emotion. That's all for today's crypto update. I'm Akki, signing off with one chart.
INDEX:BTCUSD
by x_Akki
BTC Bears Roar: Key Levels & Trader TipsGood morning, condolences to the traders who got hit hard in the market last night. Stay strong, guys. Currently, BTC is quite strong bearish. If BTC manages to close below the yellow zone at 66455.12, the next possibility is it will test the big volume area in the orange zone 64846 - 63261. For spot trading, let's see where the market is heading. If futures feel exhausting, you can take a break for 1-2 days to recover mentally. Stay safe and always trade like a robot without emotion. That's all for today's crypto update. I'm Akki, signing off with one chart.
INDEX:BTCUSD
by x_Akki
BTC Daily Insight: Bearish Trends and Scalping Tips#personaloutlook #marketupdate #BTCUSD daily on 22/05/2024 #cryptoatglance Good morning, my outlook on BTC for today is more or less the same as yesterday. The target is to retest the 68889 - 66332 area first. I see potential for today's candle to close bearish again, so stay safe for those in futures. This week looks like it's going to be up and down in a small timeframe, so be extra careful if you're scalping. Trade like a robot without emotion to keep your mental state intact. Stay safe and that's all for today's crypto update. I'm Akki, one chart, one love.
INDEX:BTCUSD
by x_Akki
Bitcoin BTC Market Update May 11, 2024#BTC UPDATE 🔵 Technical Analysis (1D): BTC is currently consolidating within a falling wedge pattern, managing to stay above the indicated level. A breach of this level may lead to a retest of the support trendline within the wedge. Conversely, a #bounce from this point followed by a breakout of the wedge would signal a shift to bullish momentum. Given the current market uncertainty, it's crucial to monitor price action closely. 🔵 Wrap-Up: BTC remains in a falling wedge, holding above a critical level. A breakdown would prompt a retest of the support trendline, whereas a bounce and subsequent breakout would indicate bullish sentiment. In light of market fluctuations, vigilant monitoring of price action remains essential. #Bitcoin Daily Range: Upper Limit: $63,500Lower Limit: $60,200 (+-11% based on moving average volatility from opening to closing points) 🔵 Scalp Entries: (For advanced traders only - moderate/high risk) 🔵 Long Entry: $57,000 🔴 Short Entry: $65,000
Short
by ProfitsNinja
2
📉 TOTAL Market Update 📉Yesterday's sharp selloff saw TOTAL market capitalization drop from $2.3T to $2.13T. Today's FOMC meeting could exacerbate downside pressure. Support Levels: Immediate support: Bottom of the current range at around $2.054T. Further support: $1.80T - $1.95T (daily 200 MA) if $2.054T is breached. Market Outlook: May historically experiences trading challenges, often characterized by choppiness. 📈💡 Stay cautious and monitor market developments closely! #MarketUpdate #TradingInsights 🌐📊
CRYPTOCAP:TOTAL
by Richtv_official
1
Nifty Short , Medium& Long Term View-26-Feb-24 to 01-Mar-24Nifty Short , Medium & Long Term View-26-Feb-24 to 01-Mar-24 Nifty closed at 22212 (22040) and touched low & high of 21824 & 22297 RSI and stochastics levels reduced this week (90% & 90% Respectively). Both Rsi & Stochastics is in overbought zone. Volatality was seen on Thursday with more than 400 points. Market crossed 22150 last week. Need to decisively close above all time high 22294/22314 (Fib Resistance). Earlier 30-35% profit booking was suggested (except Bank & IT stocks). Partial Booking can be considered for further 5-10% wherever valuation are high. There is no worry on Good Valued Stocks which can be kept for Long Term. This cash will be useful to buy when during the fall. Nifty IT 38045 (38477 ) -To continue hold. Nifty IT touched new high of 38477 last week. Major support at 34918 /34000. Target can be 40000. Nifty bank 46554 ( Prev Week 45634 ) -To continue buy on dips. Nifty Bank touched 47350 high last week. Target 48618 ( all time high) support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Refer to detailed comments in the bottom. Nifty 22212- Short Term ( Neutral ) All time high 22294/ 22314 (Fib Resistance) will be a key resistance. Support - 21554 (Fib Support ), 20877 Fib Support as shown in the chart. Nifty Medium Term & long Term - Can buy at 20800 -21000 level in case of dip for a short run up. Target Fibonacci extended resistance is near to 22819 which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak. nifty will move to next target 22819 (Fib Resistance)/22500. Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 22800 to 18800 expected till mid of 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments : Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty Bank ( 46554) tried to move above key resistances. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
BTC Market Update 5th February In the latest analysis post, I've closely examined the performance of Grayscale Bitcoin Trust (GBTC) with a particular focus on recent liquidity movements. Over the past week, spanning five trading sessions, a noticeable deceleration in the rate of daily outflows from the trust has been observed. Specifically, the average daily outflow rate has contracted by +20%, indicating a substantial reduction in the volume of withdrawals. Since its inception, Grayscale's Bitcoin exposure has significantly diminished, registering a reduction of 127,000 BTC, equivalent to a 20.5% decrease in its holdings. This contraction can be attributed to various factors, including the liquidation of positions by discount buyers, the unwinding of assets by the FTX estate, and a notable shift by investors towards more cost-effective ETF options available in the market. Regarding Bitcoin's market direction, my analysis suggests a period of consolidation before any potential upward momentum. Currently, there are no discernible indicators hinting at an imminent downturn in Bitcoin's value; the market conditions appear stable and ready to grow. This stability holds significance for the crypto market, as historical patterns indicate that an increase in Bitcoin's price often precedes similar uptrends across the broader altcoin market. In essence, when Bitcoin's price rises, it tends to have a ripple effect, elevating the value of other coins. The intricate interplay between Bitcoin's liquidity movements and its price dynamics, coupled with the subsequent impact on the altcoin market, underscores the complexity of the cryptocurrency investment landscape. Having a long exposure in the consolidation range is considered a favorable entry point, especially for portfolios without existing long exposure.
Long
by TheArabianWhale
1
BTC Market Update 14th January Post the spot ETF approval, there was a notable surge in significant inflows marked by high volumes. However, a distinct trend emerged with the redemption of AMEX:GBTC , highlighting two crucial points: first, there has been selling pressure on GBTC, and second, the anticipated inflows were lower than initially expected. Weekends often witness limited liquidity, and order books are less robust, implying a potential gradual decline until further clarity emerges. While a correction in BITSTAMP:BTCUSD seems probable, especially following an uninterrupted rally, such fluctuations are deemed normal in market behavior. During the weekend, GBTC couldn't execute sales, and BTC experienced a drop from 49K to 43K within 24 hours, partly influenced by Larry Fink's positive remarks on an ETH ETF, leading to a more than 20% rise in ETHBTC. However, GBTC is expected to resume selling on Tuesday. A second downturn is anticipated when GBTC announces outflows for yesterday. Contrary to the observed $94M outflow for GBTC, it pertained to Wednesday, preceding its going live. Thursday's outflows likely reached the hundreds of millions, already sold into the market via CME futures and BITO. Authorized Participants (APs) sell futures and manage BTC on a T+1 basis. People observed a $94M outflow for GBTC, but that was actually for Wednesday, prior to it going live. The outflows for Thursday are probably in the hundreds of millions, already sold into the market via CME futures and BITO. The Authorized Participants (APs) sell futures and then handle BTC on a T+1 basis. The advisable strategy for the time being is to adopt a patient approach, observing the market without immediate action. A prudent course of action is to wait and reassess the situation.
by TheArabianWhale
BTC Market Update 12/30/2023BINANCE:BTCUSDT Bitcoin has recently seen a deceleration in the mid-$40,000 range, encountering resistance levels between $43,000 and $44,000 on both a weekly and daily basis. From a technical standpoint, surpassing this resistance zone is crucial for supporting a bullish continuation. Currently, the market is facing challenges in overcoming these levels. To approach this situation cautiously, a positive sign of momentum would be a weekly close above $44,100. Alternatively, a more assertive stance requires a daily close above $43,900, indicating strength in the short-term trend. Traders focusing on technical pullbacks to support levels should consider $37,000 as the earliest significant pullback level on the daily chart. However, this may be deemed an aggressive entry point. Beyond technical analysis, a pivotal factor is the imminent decision on the spot ETF, expected in early January. This event has the potential to significantly influence market dynamics, and we anticipate it to be a "sell-the-news" occurrence that bottoms shortly before a surge towards the halving. Prudent trading strategies involve either maintaining a long position from a lower entry point while anticipating volatility around the ETF announcement or adopting a wait-and-see approach until the aftermath of the ETF decision becomes clear.
by TheArabianWhale
1
3 Scenario Outcome for BitcoinSpeculation is just that, only speculation. Ideas to guide your trading and/or investing journey. I put a good amount of time in researching and charting over the last year to specifically develop this thesis. I hope you enjoy and please like and share, even if it's to ridicule my analysis! With that said, it looks like there are three scenarios that are 'most' likely to play out over the next 2 years: Scenario 1: Worst case (Red Path). Bitcoin ETF's are denied and/or a major market crash happens beginning Dec '23 or Q1/Q2 '24. Targets are the lower channel back at bear market bottom, the Value area low (Blue) & nPOC (naked point of control sitting above VAL) or below, to include CME gaps of a. 20.3k b. 9.7k & c. 3k at the very worst. 12k bears will rejoice. I for one will be selling the farm and my first born at 9k or below. Scenario 2. Bitcoin ETF delays (Orange Path). The range continues with a top off near the Macro VAH at about where price stands as of today, 11/11/23 @ 37k-39k. Price would most likely seek to validate back to fair value at 32k, and then retest down to 20.3k for the CME gap fill creating one of the most powerful patterns as an inverse head and shoulders. Given the channels, this seems the most likely with an upside target to the VAH again near dump of April/May '22 and now resistance at 48k. Target is summer of '24. Scenario 3. Moon boy status (Green Path). This means the Bitcoin ETF was approved prior to any fundamental problems (ie FTX 2.0, WW3, declared depression, etc) and no need to wait for price to come down past 32k, possibly ever. B. There is the possibility of a priced in ETF scenario that allows for the channel to stay valid. In this case, if price action does not moon over 48k up to ATH's, it likely sets a re-accumulation zone above 48k, playing within the upper channel, with a last dip into the 30k's before we see ATH's. Either way, Bitcoin is ready to rock and roll. Now to the less juicy part of this bull run. Give the diminishing returns as most assets have as they age, it looks like 100k is going to be the biggest and baddest of all resistance from a percentage standpoint. Gone are the days of 33k% gains. From the top of each market cycle to the next top we go from over 1k% to now 250-ish% last cycle. Here's where I 'm at from a charting and fundamental stance: Bitcoin gets a 44-54% blow off top (Shown in price range) from previous ATH's up to 100k-ish. If it's more, great, sell because you've been stacking or you're long. Buy your lambo, more power to you. However, given the current M2 issue, loan maturations (refinancing in '25 from 2.9% to almost 5%) as well as the overall credit and savings crisis, Bitcoin's blow off top could be in the 80-88k range. That would put the total market crypto cap at ATH's of 3.5-4 Trillion range. If Chairman Powell decides to turn the printers on for 2025, then some of the moon boi's out there may see 150k, so we all win anyway from a plebs perspective. #Stackon
INDEX:BTCUSDLong
by Zseries33
2
US30 Analysis Today's focus: US30 Pattern – LH Support – 34,560 Resistance – 35,030 • Price set a new failed high, pressuring the current rally • US Employment data at due 8:30 am Today, we have run over US30 technicals and price action after yesterday’s selling set up a failed rally that could become a new lower high. We don’t have a directional bias at the moment, but we feel there are a few things to mention and watch heading up to today’s NFP data. Could weaker data support buyers, and if we see higher than expected data, could this maintain rates worries and drive price lower? Have a great day and good trading.
EIGHTCAP:US30
by Eightcap
#BTC Up or Down?It's been 5 days since BTC is consolidating between 29400 and 28800$. Consolidation range is narrowing, that is why we can see almost zero volatility on the coin. Usually, after long consolidation we can expect a big move. Will this be move positive or negative - hard to say. because currently the situation is 50/50 Personally I would like to see downtrend scenario, and for this I have several reasons as: SPX currently shows Bearish move, USDT.D looks pretty bullish, news around Huobi exchange. All this can trigger BTC to go down towards 27 - 26K $. At the same time, if we will see a breakout through 29600$ (from the current price) and consolidation above this level, this will mean, that BTC will increase in the price towards to 32000$ where we can see weekly FVG. You can take hedge long and short positions on BTC. Just dont forget to follow RM!
by vazitrades
8/1: Daily Recap, Outlook, and Trading PlanRecap ES continues its characteristic bull market cycle of multi-day squeezes followed by wide rangebound consolidation under resistance, as it has done since July 19th. This pattern is expected to continue until a breakout occurs. Markets Overnight 🌏 Asia: Down a bit 🌍 Europe: Down 🌎 US Index Futures: Down 🛢 Crude Oil: Down 💵 Dollar: Up 🧐 Yields: Up strongly 🔮 Crypto: Down World Headlines Manufacturing data weak across China and Eurozone with Germany showing the steepest decline since the pandemic. Key Structures The triangle at 4609 remains the key structure, despite being somewhat "busted". This level has been tested six times in the last week and is proving to be a strong resistance. The ascending triangle at 4569-4571 is now support. The large rising uptrend channel connecting the March lows and the May lows is the primary medium term channel, with support currently at 4405 and resistance at 4650-55. Support Levels Supports are at 4608, 4602, 4594-92 (major), 4580, 4568-71 (major), 4556, 4549 (major), 4542, 4530 (major), 4515, 4500, 4488-92 (major), 4474, 4467, 4455-60 (major), 4442-45 (major). Resistance Levels Resistances are at 4608 (major), 4617, 4622 (major), 4631 (major), 4641, 4652-55 (major), 4664, 4670, 4681-84 (major), 4697, 4705 (major), 4714, 4722, 4740-45 (major), 4751, 4762 (major). Trading Plan The bull case is in play above 4592 and 4600, with a potential breakout to 4622 and then up to 4652-55. The bear case begins on the fail of 4592, with a potential short at 4589 for a move down the levels. If 4592 fails, it's time to short. Wrap Up ES continues to consolidate and build its base. As long as 4600 holds, with any spikes down to 4592 quickly bought, ES can continue to base for a push to 4622, then a final dip, then a breakout up the levels to 4631, then the 4655 magnet. If 4592 fails, it's time to short. Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decisions.
CME_MINI:ES1!
by spytradingpro
Market Update - BTC, BTC1!, ETH, SP, NQ, DXYQuick market update focusing on Bitcoin and covering BTC CME Futures, ETH, SP, NQ, and DXY. Effectively Bitcoin is still holding the $30k support and trend does remain to the upside, with major news events starting Wednesday with inflation data, we are expecting an increase in volume/volatility. Overall we did breakdown from the range high but until the $30k support is lost and bearishly retested the overall trend remains to the upside. TradFi is also holding its ranges continuing the rally, until higher timeframe structure is lost the expectation is that the upside trend will continue until proven otherwise. Generally we have hedged off BTC longs with some shorts from $31.2k and higher, we are still net long but have taken some profit in the upside of the range last week as a precaution. The play is the range until proven otherwise.
Long
by TrendmasterOfficial
1
BluetonaFX - GBPUSD Market UpdateHi Traders! GBPUSD seems to be currently content trading in the 1.27000 area. The price action on the 4H chart indicates possible nervousness or uncertainty from traders. There was a recent failed breakout above the bull flag with a downward trend in recent trading volumes to confirm any lack of momentum in the markets, so we are not expecting any big market moves for now. Activity may pick up later today with the release of FOMC meeting minutes. Until then, if you have any open positions or are looking to take any positions due to the lack of volume in the markets, please trade carefully. Please remember to like, comment, and follow us, as your support greatly helps us. Thank you for your support. BluetonaFX 
by BluetonaFX
2