BTC Market CapCRYPTOCAP:BTC as you can see btc market cap has been reached to its support line and we expect to grow from this area. i think btc has potential to reach around 40k soon.
BTC trade ideas
Bitcoin 8.6.23Is Bitcoin bottoming out against Gold as it tests the demand line. As long as its in the channel it remains fully bullish. Under it and above the pivot is still bullish but leaning neutral. Any consecutive monthly close under and its likely GOld rips to new ATH or stays flat as the rest of the risk on market melts down.
Bitcoin At the 3-day time frame, the 50-period moving average is currently crossing above the 200-period moving average, with the closing price positioned above this crossover, indicates the possibility of a golden cross formation, a significant event that traders and analysts interpret as a signal of an upward trend in the market.
'The golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside and is interpreted by analysts and traders as signaling a definitive upward turn in a market.'
The Korean Financial Services Commission held a meeting on virtuThe Korean Financial Services Commission (FSC) held a consultation meeting on enhancing the compliance capabilities of virtual asset operators, expressing support for strengthening the compliance capabilities of virtual asset operators and resolutely cracking down on illegal activities. The Korea Financial Information Analysis Institute and the Virtual Asset Crime Joint Investigation Team , five major virtual asset exchanges and DAXA executives participated in the meeting.
BTC MA 200 crossed over MA 50 so Wait for CrossI wanted to bring your attention to a significant development in the BTC market. On July 23, we witnessed the Moving Average (MA) 200 crossing over the MA 20, indicating a potential shift in market momentum. While this may seem exciting, I urge you to exercise caution and consider waiting for a new buying cross before entering the market.
Experienced traders understand the importance of staying informed and making well-informed decisions. Technical indicators like moving averages provide valuable insights into market trends and can help us identify potential buying or selling opportunities. The MA 200 crossing over the MA 50 is often considered a significant event, suggesting a possible shift from a bearish to a bullish trend. However, it is crucial to approach such situations with a level-headed mindset and consider the broader market context.
Given the current market volatility and uncertainties, it is advisable to wait for a new buying cross before considering a classic BTC market entry. While the MA 200 crossing over the MA 50 may indicate a positive shift, waiting for confirmation and additional signals supporting a sustained upward trend is essential. Rushing into the market without proper verification could expose us to unnecessary risks.
In light of this, I encourage you to closely monitor the market and monitor the price action following the MA 200 crossing. Exercise patience and wait for a new buying cross to occur, providing more vital indications of a potential upward trend. We can minimize risks and make more informed trading decisions by waiting for confirmation.
Remember, successful trading requires a cautious approach and the ability to analyze market conditions objectively. While the MA 200 crossing over the MA 50 may generate excitement, remaining patient and waiting for a more reliable buying cross is crucial. Doing so can enhance our chances of entering the market at a favorable point and achieving better trading outcomes.
My first IDEA for BTC is how it will move in the coming daysMy first IDEA for BTC is how it will move in the coming days
BTC vs ETH market caps.Bull flag formed for BTC market cap.
*much more strength to see from BTC.
ETHEREUMS Market cap
*blue line are indicating when liquidity switch's from BTC too ETH. causing ETH to rally.
July is shaping up for a big month for crypto, this should trigger and altseason of somesort.
sentiment will flip bullish as more altcoins pump a decent ROI.
interesting times ahead :)
BitBoy Crypto Analyst: BTC May Soar to $140,000Well-known cryptocurrency analysis channel BitBoyCrypto recently made a bullish prediction for Bitcoin, predicting that its price could surge to $140,000. According to BitBoyCrypto analyst AJ, the leading cryptocurrency currently holding a strong position in the market may rise sharply. Furthermore, AJ predicts that Bitcoin will consolidate its share of the crypto market in the coming years. The concept stems from two key factors: Bitcoin's unique status as a non-security digital asset, unlike various altcoins, and its pioneering status in the market have attracted the attention of institutional investors.
AJ said that in the foreseeable future, Bitcoin's dominance in the encryption market will not weaken. However, he did not deny the potential of Ethereum to surpass Bitcoin in terms of long-term market capitalization. However, Bitcoin stands out from most altcoins from a tokenomics perspective.
US SEC Commissioner: US encryption law cannot assume that everytAsked at Australia Blockchain Week how she would regulate cryptocurrencies, SEC Commissioner Hester Peirce said, "I think we have to make sure that whatever regulatory framework we adopt, we can't just assume that everything is a financial asset." While cryptocurrencies are considered a very financial term, other uses exist, such as enabling people to interact without a centralized entity. This is useful in finance but also in building social media platforms or whatever
BTC Dominance reversing Mid-July 2023 - ALTCOIN SEASONThis chart looks at Bitcoin dominance vs the top altcoins excluding stablecoins and smaller alts.
IMO, the BTC dominance will keep rising until mid-july 2023 when the price reaches the trend line.
Look at the Altcoin Season Index chart. We are at the BOTTOM now. It probably will continue going down some more to create that SPRING we need before blastoff.
How strong will the reversal be?
How crazy will ALTCOIN season be?
How many new millionaires will be minted?
Will you be one of them?
Welcome institutionsWas always expecting a third touch of the horizontal resistance, thing is this third touch will be broken and start to new all time high. I’ll stay in the market for less than a year before selling imo. Whatever bullish narratives arrive in the future will mark the top. Three impulse waves has likely started. The retest of 25k is very bullish was the best time to long. If we never tested 25k it would have been the likely future bottom. Now that it’s tested it’s up only season.
I have been bullish since beginning of this year, stocks gave ya the best opportunity to buy last year and many faded. Remember to sell and not baghold. Probably my last post til ath, dxy also looks bad 103 has been broken.
Spread graph trading This technique maximizes the estimation of a risk-on asset of interest, by monitoring capital movements from other markets. I've linked a post in which I explain this theory in more detail.
Thank you!
San
Drop from recent highs 15 % possible another 15%Up or down I couldn’t tell but I think a crash is inevitable \:
Bitcoin buy/sell zones calculated against USDT+USDC dominanceThis is a Bitcoin chart divided by the USDT and USDC stablecoin charts. It gives unique results and seems to work well for finding approximate tops and bottoms.
Upper red zone take profits. Lower green zone go long. Blue line is historical bitcoin price action since 2019.
Reversal in flow post 1 of 2 BTC MC This is just an outline of Parameters
Lower timeframe Bulls have lost control
Bet on range breaking down
See post two for control flip
Intra day leaning short
Obviously Bullish long term
but with political theater and short ban in question in US markets we are in for some fear
Macro Bitcoin Market Cap Ratioed through Halving prices Bitcoins halving in 2020 was priced at 150 Billion dollars . Since the supply was cut in half, you could've expected 600 billion because that is 150 billion times two . We pumped double (150 to 600) and doubled from (600 Billion to 1.2 Trillion.) This was a big pump and we just bottomed at 300 billion and have just hit 600 billion . Notice the pattern in ratios . Send me your thoughts and comments below thanks for reading.
BTC have high probability back to $15kRed line : USDT$
Green Line : BTC dominance
BTC have high probability back to $15k than breakout $30k.
Not the best time to Long or Buy.
But its your choice.
Bitcoin Analysis
CORN range money flows to alts orange coin mcap crossing blue line or total mcap excluding btc
this is what i meant earlier by our signal for a alt season
on weekly its still has to cross but started its journey towards $480billy imo
lets see how it goes ..
$420 line in the sand for BTC mcap420 billy seems to be the line in the sand for the corn market cap
so my thinking 21300 is a must hold to keep structure intact
IF that does not hold we likely drop to $368B support with Btc marketcap which would get us to $19800 bitcoin keeping 18.5 milly as current supply
so anything below that on HTF would be a deviation and a no brainer buy
on the flip side $31k if we reach $574 billy or massive resistance at $37k assuming we tag $687B
doubt we see lower than $15k just trying to figure how deep this bubba can go to shake people out and where to deploy funds to hodl .
