BTCUSD RIGHT NOW 30/10/2024 vs 24/02/2024
what we seeing with bitcoin today has the same pattern as what happened in price movements on 02/24/2024 - 02/28/2024 and I think it will end with a doji
charts.mql5.com
BULLUSD trade ideas
BTCUSD BULLISHLooking at 4H FVG for more buys.
-only take it during killzones as long it stays within that 4FVG
Breakout in $BTC ?Bitcoin at the peak of its cycle afetr consolidating for 36 week.
Breakout can result in good surge in price. Trump win will also give a boost to Bitcoin $$$.
Dont forget to manage your risk and position sizing.
Whats Your view on this ?
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Oct.29-Nov.04(BTC)Weekly market recapLast Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of BTC surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable.
Currently, the outcome of the U.S. presidential election is pivotal for the mid-term trajectory of BTC, given the differing monetary policy and inflation outlooks of the two candidates. Should Trump be elected, the promised favorable policies may come to fruition, increasing the likelihood of institutional investments in BTC, thereby enhancing its fundamentals as digital gold. Conversely, if Harris takes office, the SEC is expected to maintain its stringent stance on cryptocurrency regulations.
Last week, BTC experienced an initial rise followed by a decline, breaking through the resistance level to reach $73,590 on Tuesday. The WTA indicator showed the emergence of blue bars representing whales, but these disappeared after Saturday, indicating a withdrawal of significant capital. The ME indicator remains in a bullish trend.
In summary, we anticipate that BTC may experience considerable volatility this week. We have adjusted the resistance level to $74,000 and the support level to $67,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
BTC Movember? lets see 65,000 !#BTC weekly SHOOTING STAR.. not a nice looking candle closed for the week. (probably due to uncertainty on presidential election ..?)
expect market might re-test around $65,000 zone.
as long as 65,000 stays. might expect some MOVEMBER , after the US presidential Election?
BitcoinBitcoin is interesting, price is strong bullish as expected and will continue to grow with limited retracement . Targets at analysis .
Bitcoin Resumes Its Bullish TrendBitcoin with ticker BTCUSD remains in a higher degree bullish trend as expected. After we recently spotted wave IV correction on a daily chart, we can now see it resuming higher for wave V with space up to 100k area that can be achieved by a new lower degree five-wave bullish cycle.
Basic Impulsive Bullish Pattern shows that Bitcoin can be trading in wave 3 of V, so more upside is expected. Later we will just have to be aware of subwave 4 pullback before a continuation higher for wave 5 of V.
Bitcoin - Now Is The Time For A Breakout!Bitcoin ( BITSTAMP:BTCUSD ) will exit the consolidation now:
Click chart above to see the detailed analysis👆🏻
The only factor which is really driving the price of Bitcoin is technical analysis. And everything is pointing towards a bullish breakout above the preivous all time high and significant follow through. Make sure you somehow participate in the bullrun, either with altcoins or Bitcoin.
Levels to watch: $70.000, $100.000
Keep your long term vision,
Philip (BasicTrading)
BTCUSD: Market Is Looking Up! Buy!
Welcome to our daily BTCUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 68,947.26
Wish you good luck in trading to you all!
BTCUSD This analysis will blow your mind As I said this chart analysis will blow your freaking mind , For starters this chart is making me sweat and Iam sure it is driving some of you beginners crazy. So here is a little cheat code for you to consider. As a learner of the skill, I am dedicated to helping my fellow novices not make potential mistakes. I would have you know I am a very busy individual with a job (for now) 3 kids one being an infant and a wife and school, so you do the math. Any who LET'S get on with this chart.
As I said I am not an expert nor is this financial advice this is my opinion based upon my analysis which is based upon everything I have learned. SOOOO Do you really want to be that guy to risk it all. I am not saying to short, but I am not saying to buy. What I am saying is to wait for a better signal a better candlestick a better trend. This one at this moment is too mixy. Unless you have loads of money to blow, I would recommend you wait.
Please be aware that I am paper trading and right now I am positive not by much although I have made heavy wins, I have also sustained heavy losses. This is a dangerous zone to be in right now. Just be a little patient and WAIT I SAY AGAIN BE PATIENT AND WAIT. The time to get in will be soon just right now there is way, way too much RISK involved.
So please make a smart decision I remember I post all of these in order to help you understand and see a better angle also this help me to see what my plan of action is out loud so as much as I am talking to you is as much as I am talking to myself. So here we will wait and be patient.
Bitcoin - The battle For a New All-time HighIn this video I discuss Bitcoins sudden rise to within a few hundred dollars of a new all-time high and what we might expect over the next weeks and months. I also discuss what events could prolong the battle for a new all-time high (the US election, wars).
I also look back at the struggle Bitcoin went through to breakout above the 2017 all-time high. I discuss the incredible consistency as fay as elapsed times between the last two market cycles. I share my view that I believe that Bitcoin is still following a 4-year market cycle and that I expect a market cycle peak sometime in late 2025 (baring a black swan event).
I also share my concern about the diminishing returns trend that Bitcoin has experienced over it's entire price history. My belief though is the trend will be broken this cycle, otherwise I wouldn't expect the price of Bitcoin to rise much further than 80K or so. However, I remain very bullish on this market cycle and beyond.
Lets hope that we can get through this election with as little drama as possible and that we have a decisive victory by one side or the other so that we can avoid a prolonged process that will rile up the markets. Anyway, I am remaining positive, I believe the next twelve months or so will be extremely exciting for the crypto markets, and I feel blessed just to be a part of it.
#BTCUSD ( REPEAT ? )A Nostradamusian theory.
Will history repeat itself?
Will another cup be made?
Will there be another gradual growth?
Time will tell
BTC to the $446 in five years! The biggest capital robbery ever!This is not just for crypto! All assets will lose their value.
A theory suggesting an impending depression combined with the idea that Bitcoin and other cryptocurrencies might have been created as a "trap" to channel capital back to the state is intriguing and raises important questions. While this view is speculative, there are some interesting aspects to your analysis of economic cycles and the role of governments and central banks.
100-Year Economic Cycle
Historians and economists recognize that long economic cycles, like the Kondratieff wave, involve alternating periods of economic booms and busts over roughly 40-60 years. While the exact duration and frequency vary, some analyses indicate that we are approaching a phase of debt deflation, or even a potential depression. The exponential growth of debt and the sustained low-interest-rate policies support this outlook.
Crypto and the Role of Government
Bitcoin and other cryptocurrencies were originally designed as decentralized, non-government-controlled currencies, independent of banks and states. While it is speculative to claim that governments were behind Bitcoin's creation, it is true that some governments are closely monitoring the crypto market, possibly to manage large capital flows and ensure tax compliance.
However, Bitcoin and other cryptocurrencies do not guarantee protection against economic crashes. Governments could regulate these markets further, affecting their value and accessibility. Central Bank Digital Currencies (CBDCs), for instance, represent a way for governments to exert greater control over digital money flows, which contradicts Bitcoin's original intent.
Fear and the Use of Assets Like Gold and Bitcoin
Concerns around CBDCs, inflation, and geopolitical instability can drive people toward "store of value" assets like gold and Bitcoin. Your point about "fear-driven media" is interesting, as both media and governments can at times amplify fear, which increases demand for alternative assets.
A Possible Future Depression
Many analysts and economists highlight overheated markets and massive debt burdens as warning signs of a financial collapse. Economic cycle downturns are often marked by deflation, rising unemployment, and declining asset prices. The idea that the coming years could be challenging for the global economy is not without basis, particularly if debt burdens become unsustainable or if monetary policy tools are exhausted.
Conclusion
While the notion that governments might use crypto to "reclaim black money" or that crypto was even designed as a tool for wealth redistribution is difficult to substantiate, it is a theory commonly raised by crypto critics. What is clear, however, is that both governments and central banks are actively seeking ways to control capital flows and maximize tax revenue.
All in all, it seems a challenging period lies ahead. We may witness the emergence of new forms of money, like CBDCs, and potentially significant shifts in the economic order.
Inverse H&S Pattern on BTCUSDThe Inverse Head & Shoulders Pattern has emerged on the Monthly Timeframe.
A breakout above the highs would take BTC into unchartered territory.
Easy 8 R:R highly probable tradelets see how it plays out...risk only 0.5 percent.. not financial advice
Stand StillHey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Sometimes I add a bit to what I have thought. let's do some math here:
Technical Section:
minute:
Wave 4 = 50% of wave 3 ($ 49k)
that was the end of it
Wave 3 is greater than 161.8% of wave 1 ----> Wave 5 = 261.8 % of wave 1 ----> Target = $ 89528
minor:
Wave C = 123.6% of wave A ----> Target = $ 92115
Conclusion: There is only one possibility for the long-term outlook. BTC is about to go vertical!
Appendix:
Stand pat! (Feb 29, 2024)
Dec 28, 2022 (This is what I am basing mine on for the bull market!)
BTC LOOKING GOODBitcoin came within a few hundred dollars of a new all time high - then flushed leverage and dropped back below $70K. Not unexpected.
Today’s candle looks potentially very bullish, with a long wick down below support. We need to see it close up here.
Things still look great.
Bitcoin (BTCUSD) - There's A Problem...On the 29th Oct 2024, you would expect a blow out top, sweeping all time highs, running on all time highs whilst maintaining a strong bullish closure going into the ending of the week but what we are seeing right now is a bullish shooting star formation with the candle body currently under the previous 2 weeks highs. This signifies weakness in bullish momentum, especially if price closes this way on Sunday.
Relief retracement back down to $65,000, even if it's a manipulated spike down to that region does not seem far fetched.
Bitcoin: MA made a cross?After a week with a strong push to the upside, BTC was traded in a sort of more relaxed mode during the previous week. A recently reached higher level at $69,2K was tested at the beginning of the week, and without a strength for higher grounds, BTC reverted to the downside. The lowest weekly level reached was $65,5K at one occasion. The majority of time, BTC spent around the $ 67K level.
The RSI is still holding above the 50 level, closing the week at the level of 57. This is indication that the market is still not ready to start its clear path toward the oversold market side. The most interesting development in the technical analysis is currently occurring with MA 50 and MA200 lines. The lines closed the week at the same level, which strongly points to potential for a clear cross in the coming period. The cross is an indicator of a potential for a trend change, which, in this case, would be positive for BTC.
The week ahead is bringing some important macro data for the US. The PCE and NFP are set for a release. Considering current market high sensitivity to inflation data, there is probability for a higher volatility during the week. As per current charts, BTC might spend some time testing the current $ 67K level. There is also a smaller probability that the price might shortly revert to the $ 65K support line. However, it should not be a surprise if the price moves again toward the $69K level to test the higher grounds.
Bitcoin In New Bull MarketBitcoin has FINALLY broken above $70,000, making a higher high for the first time since the all time high in March. This has been the level to watch for months.
Anything can happen in markets, but from a technical perspective the bearish arguments are dead, alongside the bearish market structure of lower highs and lower lows.
We also have a golden cross between the 50 and 200 MAs, as discussed a few days ago.
Things are looking great.
The bull is back.
