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BTC/USDT.P UpdateI know you guys are excited about the bull action that finally came after a long wait, but this is where things can get volatile due to manipulation. Remember, if the price action is this obvious all the time, everyone would have been billionaires lol. Always keep an eye behind you and play on both sides of the market is the best way to go. With that said, we actually did not have a daily candle close "above" the previous major swing high, that is also what I considered as the CHOCH for the bullish trend change. I would be very interested to see if we can give it another attempt today and finally close above that major swing level at 70078. If we close above it on the daily candle, I'll be more bullish, until then, I expect pull backs to grab more liquidity. If it does dump, I'll be ready to accumulate more into my long positions. Trade safely guys! @Nate Alert PS** congrats to all the wins from last night's stream, glad to see so many of you making money!
by Nate36989
24. 11.01 Whale IndexHello, we're Whale Signal Here's an update and share of today's Bitcoin 1-Hour Whale Indicator Currently, Bitcoin is located in a very important section This is because it is the point where the purple whale index was formed and overlapped with the previous sale It is now likely to be re-formed into an important support, as it has broken through a position that has been constantly resisted If the buying in this section forms support, it is seen as a position to expect further upside In the short term, it is considered a period where the downward trend can stop, and we look forward to defending this period well and seeing a rebound However, if the section deviates, we recommend that you respond with the possibility of further decline in mind *I don't share a point of view. It's a personal opinion, and the whale indicator simply points to support and resistance. I hope you guys take a RBI single through the whale indicator in your analysis* *For more detailed analysis and real-time updates, please check the real-time chart sharing guide link below* <> 1. The whale indicator simply points to support and resistance 2. Please refer to the whale index to find a trading RBI suitable for your analysis 3. The shape of the rod finish is important for whale indicators, so checking the closing rod helps with a stable trading strategy 4. Whale surface intensity is in the order of purple > orange > white, with purple surface indicating the strongest support and resistance
by Whale_signal
1
A huge Cup with a handle on Bitcoin after 3 yearsFor those who understand the cycle, it's no surprise. For those who are not there yet, this is a very strong pattern, and considering Bitcoin will move to new highs this is a powerful indication of the bullish continuation. It took 1085 Days to do it! (3 years without 10 days). The tip of the last bull run initiated it and if you don't know what that means, you should join my Discord, YouTube, and Substack. Buckle up, fill your bags, and enjoy the last year of this bull run! It's NFA and DYOR
Long
by estimyth
1
BTC AI Thesis TodayInvestment Thesis As a trader specializing in intraday scalping strategies, the current market conditions for Bitcoin (BTC) present a mix of bullish momentum and cautionary signals. Over the next 14 hours, we will dynamically adjust our positions to optimize profits and minimize losses based on the following detailed analysis. News Recent Developments SEC Review of Bitcoin ETFs The U.S. Securities and Exchange Commission (SEC) is actively reviewing multiple applications for Bitcoin Exchange-Traded Funds (ETFs). Approval of a Bitcoin ETF could significantly enhance institutional investment and liquidity, potentially driving Bitcoin prices higher. Global Regulatory Updates Recent regulatory announcements in key markets, including the European Union and Japan, have introduced clearer guidelines for cryptocurrency trading and taxation. Enhanced regulatory clarity can boost investor confidence and participation. Macro-Economic Factors Concerns over inflation and potential interest rate hikes by central banks are influencing investor behavior towards cryptocurrencies as a hedge against traditional financial market volatility. Institutional Adoption Several large financial institutions have announced plans to integrate Bitcoin services into their offerings, including custody solutions and trading platforms, which may enhance Bitcoin's accessibility and appeal to a broader investor base. Technological Upgrades Ongoing upgrades to the Bitcoin network, such as the implementation of the Taproot upgrade, aim to improve scalability and privacy, potentially enhancing Bitcoin's utility and attractiveness to users and investors. Impact Analysis Positive Impact: Approval of Bitcoin ETFs and increased institutional adoption are likely to drive demand and liquidity, supporting upward price momentum. Negative Impact: Potential regulatory crackdowns or unfavorable macroeconomic developments could introduce volatility and downside risks. Data Analysis Open Interest: Increasing, indicating strong market participation. Weighted Funding Rate: Slightly positive, suggesting that long positions are favored. Liquidation Levels: Critical around the $68,000 mark, where significant liquidations could occur if the price reverses sharply. Analysis: The increasing open interest and positive funding rate support the bullish sentiment observed in the market, while monitoring liquidation levels is essential to mitigate risks associated with sudden price drops. Binance Data Trading Volume: Robust over the last 24 hours, with a notable increase in buy orders. Trader Sentiment: Cautiously optimistic, with many experts predicting a potential breakout above the $72,000 level if current trends continue. Expert Consultations: CryptoCred and Rekt Capital have highlighted the importance of monitoring key support levels and the potential for a continuation of the upward trend post-halving. Analysis: The consensus among experts emphasizes monitoring key resistance and support levels and considering long positions as BTC approaches these levels. CoinMarketCap Data 24-Hour Trading Volume: Approximately $1.5000 billion. Circulating Supply: 19 million BTC. Market Capitalization: Around $1.3600 trillion. Analysis: Strong liquidity and high trading volume indicate significant interest in BTC, supporting the bullish outlook. However, traders should remain vigilant for any sudden changes in volume that could indicate a reversal. Sentiment Analysis Sentiment Score: 75%, indicating a predominantly bullish sentiment towards Bitcoin. Top Crypto Sentiments: "Bullish" and "Buy". Implications: A favorable environment for long positions, as positive sentiment can drive further price appreciation. Technical Analysis Daily (1d) Analysis RSI: 68.7300, approaching overbought levels. Bollinger Bands: Price is near the upper band at $71,452.91, suggesting potential resistance. MACD: Remains bullish, but the trend is weak according to the ADX. 4-hour (4h) Analysis RSI: 72.6400, indicating overbought conditions. ADX: Indicates a strong trend, supporting the bullish sentiment. 1-hour (1h) Analysis RSI: 53.5900, suggesting a neutral position. MACD: Suggests potential bearish momentum, indicating indecision. 15-minute (15m) Analysis RSI: 49.7300, indicating potential oversold conditions, suggesting a possible short-term reversal. Moving Averages MA20: $71,500. Price Position: Above the MA20, suggesting a continuation of the bullish trend. Support/Resistance Levels Support: $70,100. Resistance: $72,931.8400. Trend Indicators ADX: Indicates a strong trend on shorter timeframes, supporting the bullish outlook. Bollinger Bands: Proximity to the upper band on the daily chart warns of a possible pullback if resistance is not breached. Summary of Technical Indicators RSI: Shows overbought conditions on the daily and 4-hour charts, while remaining neutral on the 1-hour and indicating potential oversold on the 15-minute chart. MACD: Bullish on longer timeframes but shows potential bearish momentum on the 1-hour chart. Moving Averages: Price above MA20 supports the bullish trend. Bollinger Bands: Approaching upper band suggests resistance and potential for consolidation or pullback. Top BTC Pairs Performance Strong Performance: BTC/ETH, BTC/USDT, BTC/BNB Weak Performance: BTC/XRP, BTC/ADA, BTC/DOT Analysis: Strong performance in major pairs like BTC/ETH, BTC/USDT, and BTC/BNB indicates robust liquidity and market interest, while weaker performance in smaller pairs like BTC/XRP, BTC/ADA, and BTC/DOT suggests limited momentum in those areas. Summary The current market conditions for Bitcoin (BTC) indicate a bullish trend supported by increasing open interest, positive funding rates, and optimistic market sentiment. Technical indicators across multiple timeframes suggest potential upward momentum, with key resistance levels at $72,931.8400 and $72,000. The significant trading volume and positive sentiment from both analysts and retail investors reinforce the potential for short-term gains through intraday scalping strategies. However, caution is advised as the RSI approaches overbought levels, which could lead to a pullback or consolidation. Trade Recommendation Outcome: HOLD_BUY Confidence Level: 78% Current Price: $72,273.7300 Stop Loss: $71,500 Take Profit: $73,500 Exit Point: $73,000 Entry Criteria RSI: Above 60 on the 15-minute chart indicates potential upward movement. MACD: Bullish crossover above the signal line. Price Position: Above MA20 suggests continuation of the trend. Current Indicators: RSI: 49.7300 MACD: Slightly below the signal line MA20: $71,500 Action Plan Monitor the Price Closely: Breakout Strategy: If Price Holds Above $71,500: Action: Consider maintaining or adding to the long position. Adjust Stop Loss: Tighten the STOP_LOSS to $70,700 as the price approaches resistance levels to minimize potential losses. Take Profit Strategy: As Price Approaches $73,500: Action: Consider taking profits. Adjust Exit Point: Move the EXIT_POINT to $73,000 to secure profits. Risk Management: Set Stop Loss at $71,500 to limit potential losses. Take Profit at $73,500 to capitalize on expected price movement. Exit Point at $73,000 as an intermediate target. Be Prepared to Act: If RSI Falls Below 50: Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly. Monitor Market Sentiment: Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome. By @Titan_Karma
Long
by titankarma
2
ANALYSIS | Crypto by MARKET CAPAs of time of posting, according to a reliable website the top 10 cryptocurrencies by market cap are as follow: 1) Bitcoin / BYBIT:BTCUSDT 2) Ethereum / BINANCE:ETHUSDT 3) Tether / COINBASE:USDTUSD 4) Binance Coin / BINANCE:BNBUSDT 5) Solana / BINANCE:SOLUSDT 6) US Dollar Coin / KRAKEN:USDCUSD 7) XRP / BINANCE:XRPUSDT 8) Dogecoin / BINANCE:DOGEUSDT 9) Tron / BINANCE:TRXUSDT 10) Toncoin / OKX:TONUSDT 11) Cardano / BINANCE:ADAUSDT 12) Avalanche / BINANCE:AVAXUSDT You can find and track this easily by searching "Cryptocurrencies by market cap" or something in that line. On the charts you will see the king - Bitcoin, as well as TOTAL (total cryptocurrency market cap) which is currently at 2.28T, and at the bottom right TOTAL3 (total cryptocurrency market cap without BTC and ETH), currently at 6.19B. It's important to note that BTC determines the general direction of the altcoin market, but Cryptocurrencies do not necessarily move together with traditional assets such as stocks. That's why it's important to determine the macro trend before trying to analyze any individual coin. This is especially true for crypto's with a higher market cap. As you begin to look at altcoins that have smaller or micro market caps, they tend to dump/pump unexpectedly without moving together with BTC. You'll often notice that the top 5-8 alts have similar chart patterns to BTC. Although they do still move within their unique support/resistance zones, it's safe to say that when you see a H&S on Bitcoin, you'll probably see it on the large-cap coins as well. I will say this - it's not the case for XRP and ADA. (I'm surprised to see they still hold such high positions in the ranks and I have a hard time identifying the potential reason for this other than old bag-holders/cult following). With this info, you can conclude to a range of different outcomes, including but not limited to: 🥠 Using crypto as a hedge against traditional assets 🥠Using microcaps as a hedge against BTC 🥠 Microcaps carry more risk That all being said - trading is risky, and crypto particularly more so. Even hedging doesn't guarantee safety when it comes to crypto. ____________________________
by CryptoCheck-
BTC Quick Update: Bull Flag Breakout in Sight, Targeting $80k!Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! Welcome to this quick BTC Update! BTC is currently trading around $67.5k and moving within a bull flag structure on the 4-hour time frame. A breakout from this flag is still pending, and there’s a chance we might see a brief drop to FWB:65K on Monday before a breakout occurs. Once this bull flag breaks, the target is set at $80k. Entry Range: FWB:65K -$66k Target: $80k Invalidation: 4-hour close below FWB:65K What do you think of BTC’s current price action? Are you seeing this bullish setup as well? Share your analysis in the comments, and let’s ride this wave together!
Long
by CoreCrypto1
BITCOIN - Price can bounce up to $72500, exiting from wedgeHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price entered to rising channel, where it at once fell to support line, breaking $57900 level. Then price in a short time ros to this level, broke it again, and made retest, after which continued to move up. Later BTC rose to $65900 level, turned around, and declined lower support line, thereby exiting from rising channel. After this, price continued to move up inside wedge, where it bounced from support line and rose to $65900 level. Soon, price broke this level, and rose to resistance line, after which made a correction and now continues to grow. In my mind, BTC can bounce up from support line to $72500, exiting from wedge pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
Are we going to the moon?68300 was a very good resistance, as you can see, it broke and pulled back after several reactions📈 Strong front range We have to see how he reacts to it, if he reacts weakly, then we can resist Let's open 69177 positions and accept the risk that there is a possibility of return because it is worth it I recommend this for long position and other coins for short position BTC.D is trending upwards That's why the others COINS are better And pay attention to this, what is the trend of the BTC ⚠️ Do capital management to survive ⚠️
by parsa_xa
HelenP. I Bitcoin will exit from pennant and then continue riseHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price traded below support 2, which coincided with the support zone and soon broke this level. Then price tried to grow more, but failed and dropped to the trend line, breaking support 2 one more time. After this movement, the price entered the pennant, where it made at once a strong impulse up, breaking support 2 again. Then price continued to move up and later reached support 1. Price some time traded near this level, then broke it and some time traded inside one more support zone. Next, BTC little grew and then dropped below 1st support level, breaking it again, but soon turned around and backed up to the support zone (68200 - 67700). After this, the price bounced down to the trend line, after which turned around and rebounded up to the resistance line of the pennant and now trying to exit from this pattern. So, in my mind, BTCUSDT will exit from the pennant, make a retest, and continue to move up. That's why I set my goal at 71000 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
Bitcoin, What's Next After "Almost" Hit ATH?After significant rally, Bitcoin price action recently approached its all-time high (ATH), signaling significant bullish sentiment. However, the price is now showing signs of potential retracement. Currently trading around the 72k USDT level, the price could either dip into a fair value gap (FVG) or descend further into the highlighted green box, where a trendline provides support. This retracement would allow for consolidation and might attract new buyers, offering a more solid base for the next upward push. As the price potentially reaches the green box or bounces off the FVG, there could be an increase in bullish volume, pushing it toward resistance zones marked above. If the trend holds and the bulls regain control, Bitcoin could break through resistance, potentially pushing beyond 74,000 USDT to reach new highs. In this scenario, this temporary pullback serves as a healthy correction within an ongoing bullish trend, building momentum for the next leg up in the journey toward breaking the ATH.
by Perseusx01