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XBTUSD

BITCOIN to continue higher after retest of the support area....BTCUSD The price made a bullish break of the Bullish triangle pattern, after the break price is currently heading to retest the resistance turn support area around $35K area, after reaching support if price continues to hold above the support, I expect the price to continue higher.. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSDLong
by Stargazer_fx
7
BITCOIN again rising upwards, if resistance breaks then $40KBTCUSD The price is firmly holding above the ascending trendline, and price is also above the support area around $36,500, and price again started rising upwards if the resistance around $38,000 breaks strongly then after correction/pullback price may attempt to hit $40,000 as the next target... Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSDLong
by Stargazer_fx
10
BITCOIN consolidating after a big move,More bullish from SupportBTCUSD The price made a bullish break above the Resistance area around $35,000, and price is currently trading near 37K level, price may consolidate above the support area then continue its bullish move upwards. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Long
by Stargazer_fx
27
BITCOIN to continue Bullish move after correctionBTCUSD The price made a strong bullish break above the Daily Resistance area around $30,000-31,000, and price is currently above support/resistance structure, after a correction towards the previous resistance turned support area if price holds above the support I expect the price to move higher... Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSDLong
by Stargazer_fx
58
BITCOIN to continue higher, next Target $40,000BTCUSD The price made a bullish break above the Resistance area around $35,000, and price is currently trading near 37K level, If the bullish pressure is high price might continue higher from here towards $40K level, or price may consolidate above the support area then continue higher. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSDLong
by Stargazer_fx
21
BITCOIN forming bullish triangle, bullish break to lead higherBTCUSD The price made a strong bullish break above the Daily Resistance area around $30,000-31,000, and price is currently above support/resistance structure, the safest choice would be to wait for the price to make a correction towards the previous resistance turned support area and if price holds above the support area look for long setups. But if the bullish pressure is too high, price might continue to move higher after a bullish breakout of the current narrowing structure (Triangle) without making a deep correction of the daily support around $31-30,000. So, my advice would be to wait for the price to make a bullish breakout of the triangle before adding long or to wait for the price to make a deep correction of towards the daily support mentioned above and then look for long opportunities. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSDLong
by Stargazer_fx
9
Bitcoin - Short-Term Bullish Analysis/ExpectationThis expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF - ETC
BITSTAMP:BTCUSDLong
by SmartMoneySource
BITCOIN : Bullish & Bearish Scenario... what to do??BTCUSD Bullish Scenario : Price is currently moving in a narrowing structure, and the short term resistance area is around $ 35,000 . If price manages to break above the short-term resistance area and continues to holds above the support I expect the price to move higher... Bearish Scenario : $35,000 price range is acting as a short-term resistance area and is stopping the price to move higher and price is also moving in a narrowing structure, if price manages to break below the structure and stays below the $35,000 short-term resistance area, price may start to move lower. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
by Stargazer_fx
1
Bitcoin – is this the time to chase the breakout?Bitcoin has come alive and after a period of sleepy conditions, we’ve seen the price break out of the defined trading range it held since March, with the biggest high-low trading range we’ve seen since June 2022. Our high price has been 34,742, the best level seen since May 2022, where the breakout has taken the rally that started on 11 Sept to 40% and 110% YTD. Client activity has naturally increased, with almost 3 in 4 open positions now being held long and looking for a push to higher levels. The market has further increased the probability that a spot ETF gets formal regulatory approval – this view was given a boost with Blackrock sourcing a CUSIP and listing their spot ETF on the settlement and clearing platform DTCC - clearly a sign of sky-high confidence of an imminent approval. Liquidations pushing price towards $35,000 The news set off a wave of buying, which took price through the range highs of FWB:31K – importantly, this in turn saw shorts being liquidated across the crypto exchanges, with close to $350m being liquidated over the past 24 hours. We can see this short squeeze in the price action, with price falling from 34,742 to 32,510 in a short period. We are seeing a period of consolidation and tight ranges (per bar) as the market catches its breath and asks what’s next. The attractions of a spot ETF A spot ETF is clearly a positive for the adoption story, and as many have opined. A spot ETF offers advisors and other market participants a regulated crypto vehicle to put to clients. This should help with their primary objective of boosting returns through increasing diversification in a broad portfolio and reducing variance. It should also promote a migration of capital from BTC futures ETFs to the spot ETF, which should then flow through to buying in the underlying Bitcoin. This migration would be a function of the BTC futures curve and how the futures ETF faces the drag of negative carry when front month futures expire and rolls to the next contract. The spot ETF will outperform a futures ETF on that basis, so it’s not just the regulatory environment that makes a spot ETF more compelling. Will traders chase the rally? The question is whether the move can kick up further, or at least establish a new trading range. There is every reason to feel the market has largely discounted a positive decision on a spot ETF. However, as we’ve seen over the years there are few markets that promote FOMO and traders chasing than Bitcoin and that could drive price towards $35k and beyond. The counter to that argument is we see a failed break and a reversal back below FWB:31K – This reaction could be a very powerful statement and give renewed confidence to the short sellers. As we assess the probability of both scenarios, to me it feels like the more likely scenario is the former breakout levels ( FWB:31K ) hold, and traders build on the move. However, trading is less about prophesying and more about reacting to movement and managing the risks around that. For now, this break has some dreaming of the sort of explosive action we saw in 2020 and 2021 - but this time around it seems Bitcoin is less about being Wild West, and this once bad boy of finance is changing its ways and cleaning up its act.
PEPPERSTONE:BTCUSDLong
by Pepperstone