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Bitcoin Trade Signal AnalysisHello Intrepid Traders, Here’s a method you can use to monitor for the next buy signal: Monitor the 50 EMA: Keep an eye on the current price in relation to the 50 EMA (the green line on your chart). For a buy signal, the price needs to move above the 50 EMA. Watch the RSI Level: Look for the RSI to cross above 50. This indicator suggests buying momentum and adds confirmation to the price being above the 50 EMA. Combined Trigger: When the price is above the 50 EMA and the RSI crosses above 50, that would be your next buy signal based on the criteria you've been using. To identify the next potentially profitable trade use the following strategy and general technical analysis principles: Key Observations from the Chart Trend Analysis: The price is above both the 50 EMA (green) and the 200 EMA (red), indicating a strong bullish trend. This suggests that any buy signals are more likely to be successful if the trend continues. Support Zone: There appears to be a horizontal support level marked around $87,000. The price has tested this level multiple times without breaking below, which shows strong support in this area. Descending Triangle: A descending triangle pattern is forming with a series of lower highs converging towards the support level. This pattern typically suggests that a breakout (either up or down) may occur soon. RSI: The RSI is currently above 50 but not in overbought territory, which indicates some room for upward movement if buying pressure resumes. Trade Prediction Strategy To find the next profitable trade based on these conditions, consider the following scenarios: Bullish Scenario (Breakout Above Descending Triangle): Wait for a clear breakout above the descending trendline in the triangle pattern. Confirm that the RSI remains above 50 after the breakout and that the price stays above the 50 EMA. Entry Point: Buy on the breakout of the descending trendline if there is strong bullish momentum and volume support. Target: Use recent highs as target points, or measure the height of the triangle and add it to the breakout point for a price target. Stop Loss: Place a stop just below the support level around $87,000 in case of a false breakout. Bearish Scenario (Breakdown Below Support Level): If the price breaks below the $87,000 support level and the RSI drops below 50, this could indicate a shift in trend. Entry Point: Consider a short position if the price falls below the 50 EMA and the RSI remains below 50, signaling potential selling momentum. Target: Measure the height of the triangle and subtract it from the breakdown point to estimate a target. Stop Loss: Place a stop just above the $87,000 level in case the breakdown is false and the price reverses. Additional Considerations Volume Confirmation: Watch for a volume spike during the breakout or breakdown. Higher volume confirms the move and increases the likelihood of a profitable trade. Wait for Candle Close: Ensure the price closes above the descending trendline (for a breakout) or below the support level (for a breakdown) to avoid entering on a false move. This setup provides an approach for either a continuation of the bullish trend or a potential reversal. Monitor these conditions closely to make an informed decision based on the chart's developments. Leave your own predictions in the comments. More power to all your trades! Intrepid Trader
COINBASE:BTCUSD
by RSibayan
BTC Sustained BuysBtc has shifted into a state of consolidation which suggests that some profit taking is occurring right now. BUT This also means that orders are being acquired - as this is one of the main purposes and causes of what we see as consolidation. Traders becoming interested in both buys and sells at the same time. In hopes that it would actually either buy or sell. I can see a reality in which a trader can make a case for both buys and sells here although if I am being honest. Buys definitely make more sense to me. As the momentum is clearly bullish and this consolidation is simply a way for the market to capture some liquidity so that it can continue with what is has been doing all along. Another reason I believe that buys make more sense is because if we look at the green zone (Where price seemingly reversed) we can say that in fact in didn't reverse as if it did it would have not only dropped much further, quicker but it would not be floating at such a high price just after a "would be" reversal. Remember the purpose of a reversal is to get rid of traders who were following the trend all the time, which means it needs to happen quickly or else the market risks those same traders catching on to the trick (manipulation). I believe the green line is plausible for BTC's next move. Take out buyers below this current consolidation and then continue bullish from here - most likely beyond the high (green zone)
COINBASE:BTCUSDLong
by Brandon_evo4
BiTCOiN $16,720 | Jan 2, 2023 Mon | Day 1 to Halving 2024++welcome to the darkside again fellas it greens after a year of FEAR PAiN SUFFERiNG and ANGER and OGs as always get volume just like how Jack Dorsey DCAS $5k every week at sub $8k for 12 months the annual CANDLE or Price Action never cease to reward those who buy the FEAR or below the STOPS bottoms of the crowd wait for that WiCK and press the BUY BUTTON eye on key levels and good luck note: a year in crypto is 3 years in the real world and 2022 however felt like 5 years for some funny reason
BITSTAMP:BTCUSD
by senyor
28
Bitcoin Continues to Outperform and Explore Unchartered TerritorWhy the sudden surge in demand for Bitcoin and many other major Digital Currencies? Trump Trade In addition to institutional demand, the US Federal Reserve’s rate reductions (and forecasts of further policy easing), I am largely putting the latest rally down to Donald Trump’s election win. Trump’s pro-business stance and promises of tax cuts and deregulation have contributed to what is now commonly referred to in the investment community as ‘the Trump Trade’. Despite expressing uncertainty and scepticism regarding the Cryptocurrency market during his first term as president, during his presidential campaign earlier this year, Trump declared his desire for the US to be ‘the crypto capital of the planet’. Among Trump’s promises to the Crypto community are plans to fire SEC (Securities and Exchange Commission), Chair Gary Gensler, launch a national Crypto stockpile and support all future Bitcoin mining in the US. This shift in focus has led to notable gains in Crypto mining stocks, such as Riot Platforms (RIOT) and Mara Holdings (MARA). Remarkably, the price of Bitcoin has rallied nearly 30% versus the US dollar (USD) since Trump’s election win The Cryptocurrency’s value has more than doubled in price year to date (in fact, BTC/USD is up 110% as of writing) and recently clocked record highs of US$90,000. Ethereum (ETH), the second largest Digital Currency behind Bitcoin, is up 43% year to date, along with Dogecoin, rallying a monstrous 330% against the USD year to date. Alongside the rise of digital currencies venturing into uncharted territory, major US equity indices have also pencilled in record highs. The S&P 500, Nasdaq 100 and the Dow Jones Industrial Average are up 5.2%, 6.1%, and 6.0% month to date, respectively. With Elon Musk rumoured to play a meaningful role in Trump's administration, there is an anticipation that Tesla (TSLA) will benefit from a more favourable regulatory and policy environment. As a result, Tesla has gained significant traction in recent weeks, rising 40% month to date and is fast approaching its all-time high of $414.50. Will BTC Continue to Outperform? With BTC/USD hovering a touch south of record highs, a number of analysts are expecting the major Crypto pairing to reach US$100,000 before Trump’s inauguration in January next year. ‘Everyone is focused on new people buying bitcoin. That's very real. But an equal part of this rally is that people have stopped selling. Long-term owners are no longer willing to part with bitcoin below $100k, and short-sellers don't want to step in front of a freight train’, said Matt Hougan, CIO of Bitwise. Founder and CEO of the deVere Group Nigel Green recently commented: ‘We expect that this is just the beginning, with the cryptocurrency set to break more records under an incoming Trump administration’. Google Trends also reported increased search volume for Bitcoin following Trump’s win. Terms such as ‘Bitcoin ATH’ have experienced an 850% surge in search volume, along with a 650% increase for the question: ‘Why is bitcoin going up’? From a technical standpoint, US$100,000 is in sight on the monthly scale and I feel is certainly achievable. Albeit resistance is unclear at this point, support targets to be aware of in the event of a correction include US$73,888 and one much lower on the curve around US$51,948. However, if the unit makes it as far south as the latter support, I would be concerned for bulls as, in my opinion, this could reflect a major change in market sentiment. Across the page on the daily timeframe, support can be seen in the form of a rising window (a gap opening to the upside) between US$77,331 and US$79,837. Should a correction unfold from current levels, this would be the first port of call in terms of logical support. The area gains additional weight from the neighbouring channel resistance-turned-potential support line, extended from the high of US$65,040.
FPMARKETS:BTCUSDLong
by FPMarkets
BTC AND TRUMP+ SUPPLY A HISTORICAL NEW ATH coming HELLO TRADERS As i can see it time to join the trend BTC Volume is boosting in markets and nailed everywhere we can see technically fib retracement give us a clear view on chart the last dip was already taken and market continues its bull run as it was not like previous halving after dips but for bears it was a nice retracement of near 25000 points If we see geopolitical around the world and current BTC demand vs Supply and Governments and some big companies are accumulating BTC day by day US election will create a spike move in BTC to the given targets if TRUMP get elected Elon Musk is supporting TRUMP Campain with 400+ MILLION $ and watching graphically charts for voting showing a Trump winning rate is growing BTC attracting many other new investors in markets BTC Dominance growing if this happens technically its now breaking down trend line to the up side and holding support above the 60K which is a good sign also for continuations of bull run so don't miss the train we are still early make a proper search before taking any trade it's just a trade idea with good R:R Stay tuned for more updates
COINBASE:BTCUSDLong
by APEX_TRADING_ACADMEY
Bitcoin 100K by Christmas '24?FA: > 'cryptocurrency fan' Trump becoming president has created a surge in speculative investments into Bitcoin and altcoins. > ETFs , especially Bitcoin ETFs are doing better than expected > New innovations in blockchain technology are pumping altcoins as well as Bitcoin TA: Judging by the last pump from the beginning of 2023 to march 2024, Bitcoin is aiming towards 100K for the next resistance and price correction. Volumes have been relatively stable, so I do not expect any drastic surprise-dumps of the same long-term nature as in the past, for 2024. But we might see a pump to 100k before Christmas 2024. Tools used: Reverse Fibonacci Retracement Projected Forecast/Forecast This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions.
BITSTAMP:BTCUSDLong
by GoldArti
BTCUSD Eyes $93K Amid Institutional Buys & Post-Election InflowsFundamental Analysis: MicroStrategy's Major Purchase: MicroStrategy’s recent acquisition of 27,200 BTC at an average price of $74,463 reinforces its bullish outlook. This buy has pushed Bitcoin's valuation and likely contributed to the recent rally, with Bitcoin now trading near $84,000. The company now holds 279,420 BTC, valued at approximately $23 billion, showcasing substantial institutional backing, which could add stability and investor confidence. Crypto Investment Inflows: Following the recent US elections, there has been a surge in crypto investment inflows, with $1.98 billion added, pointing to renewed investor interest in digital assets. The post-election sentiment and optimism about future economic policy may further boost Bitcoin's demand, sustaining its current upward momentum. Market Sentiment: With Bitcoin nearing its ATH, the market is at a crossroads. Some analysts predict a rally toward $100,000, while others warn of a potential correction due to overbought conditions. The massive inflows and institutional investments suggest optimism, but caution is advised due to the likelihood of profit-taking and market volatility. Outlook: Bullish Scenario: Stability above the $79600 resistance could propel BTC/USD toward the $92800 and $100,000, driven by strong institutional support and positive market sentiment. Bearish Scenario: Failure to break resistance could lead to a correction, with potential support around $71,400. Conclusion: The BTC/USD chart reflects a strong bullish outlook, but it is crucial to remain cautious of potential corrections, especially near key resistance levels. MicroStrategy’s large-scale investment and post-election inflows provide a supportive backdrop, making a $100,000 target plausible if Bitcoin sustains its current momentum. previous idea:
BITSTAMP:BTCUSDLong
by SroshMayi
Flipping Options: A Bearish Signal for Bitcoin? I'm not a psychic, and I don't have a crystal ball, but here's what I clearly see and can share with you: for several days now, there’s been a flow of options at the 100,000 strike changing hands. What's crucial is that this option series still has 14 days left before expiration, and there's a high probability it could go in the money, meaning it could exceed the 100,000 mark. However, these options are being flipped, locking in profits, which suggests that traders aren't expecting further upside or don't believe in it. The 'strong hands' are selling to the 'weak hands,' indicating that sentiment isn't favoring further growth. The bottom line : Bitcoin's upward momentum is either facing or has already encountered some serious headwinds. It's unlikely that we’ll hit 100,000, and if we do, it might just act as a ceiling for any near-term growth Data Source: CME
COINBASE:BTCUSD
by ClashChartsTeam
BTC/USD: Low Volume Hints at Bearish ReversalTechnical Overview: 1. Primary Ascending Channel: BTC/USD is trading within a long-term ascending channel, indicating an overall bullish trend that has persisted over multiple years. This channel’s upper boundary has now become a critical resistance zone around the $92,805 level. 2. Historical ATH Levels: BTC reached all-time highs (ATH) in April 2021 and November 2021 within a bullish channel. The price then experienced a bearish breakout from this channel. The most recent ATH in November 2024 is near $92,805, aligning with the upper resistance zone of the primary ascending channel. This level serves as a significant barrier to further bullish momentum unless a breakout occurs. 3. Volume Trend: The chart highlights a diminishing volume trend since previous highs in 2018 and 2021. This lower volume indicates weaker buying interest, which often precedes a potential reversal or significant correction. A notable observation is that low volume, as seen here, could signal an impending strong bearish move due to insufficient support to sustain higher prices. 4. Key Observations: - Bullish Scenario: To confirm the bullish trend, BTC/USD needs to break above $93,000. A sustained breakout beyond this level could signal a continuation of the uptrend. - Bearish Scenario: Failing to break above $93,000 could lead to a pullback towards the pivot area near $71,000 and $49700. The low volume trend suggests a strong bearish move may be imminent if BTC/USD cannot sustain its current position near the resistance zone. 5. Trend Outlook: Consolidation: BTC/USD may consolidate within the resistance and first support line zone, allowing the market to gather momentum for a potential breakout. Bearish Bias: Given the low volume and historical pattern of corrections following ATHs, a bearish move toward $71,000 and $49700 is plausible if resistance at $93,000 holds. Conclusion: BTC/USD is at a critical junction. The resistance level at $93,000 is key to continuing the bullish trend within the primary ascending channel. However, the diminishing volume suggests caution, as failure to break this resistance may lead to a bearish correction toward $71,000. Traders should monitor these levels closely for breakout confirmation or signs of reversal.
BITSTAMP:BTCUSDShort
by SroshMayi