Magical 30kPrice action moves violently away from 30k. I'll post more thoughts on this later. Just putting the idea out there for now.
XBT trade ideas
BTC"The price is within the channel, waiting for a breakout. Since it is at the bottom of the support level, I will buy with a stop-loss for swing trading."
BTC still in 4hrs Bearish Time CycleBitcoin hasn't do anything yet which is good cause as long as it stays in that trading range with controlled drops while Bearish TIME is consumed bulls still has the upper hand. So for now and the rest of week #6 the move still is to the down side even if price doesn't drop we should get confirmation of trend this week for now the move still down meaning any long trade should be started in the area of 93k and below the 89k support. Buckle up ladies and gentlemen turbulence ahead.
4hrs and Weekly Bitcoin UpdateWe just closed week #5 and doesn't look good and we enter week #6 where we usually get confirmation of trend in this case Weekly Down Trend if during the week price breaks support of 89K and closes below it then weekly downtrend will be confirm and eventually we will see prices below 80k but if it bounces from above 93k then another test and possible break of the ATH will be on the table. Remember we still in the 4hrs Bearish Time Cycle and even tho Bulls are playing very well their game they are losing power. Lets see what this week brings , Buckle up ladies and gentlemen cause we are going for another wild....wild....wild ride.
Bitcoin road to 33 000 BITSTAMP:BTCUSD
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Possible Targets and explanation idea
➡️ Everything going according by my global 2023 plan for BTC what i’ve posted here in December 2022
➡️ We got uptrend line since covid dump
➡️ We retested downtrend line with FTX crash
➡️ Now we can see impulse-correction-impulse. Second impulse to test uptrend line and I think first rejection in April
➡️ All FOMC rate already included in price. Recession is only one things what not included, so we can see dump
➡️ After rejection at trend line and full fill of 3 month FVG we can drop by end of summer to 20K to find a support
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Bitcoin and Wyckoff Accumulation D1BINANCE:BTCUSDT
Lets check classic Wyckoff Accumulation phase since drop In June. This is D1 Timeframe and if Historically October is green month with 15-60% moves up. We have an all chances break resistance and hit even 28-30K.
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Bitcoin September rally BINANCE:BTCUSDT
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On chart you can find out Yellow line - global uptrend line since COVID dump
Red line - downtrend line since November 2021
Like always we got 2 scenarios. Red dot line move to 23k out of downtrend line with retest around beginning October
Second scenario continuation to middle sellers zone 28K with retest uptrend line same in October.
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updatebtc shorts increasing. Still believe all the wicks below will be filled a full body candle. When that happens most likely will be the top for btc.
Bitcoin Macro TP 2 Target: $132.5kTwo simple reasons why Bitcoin's secondary macro target from two different patterns lines up with roughly 132.5k.
Could we go higher? Sure, but this is a good measured macro target for this cycle.
An old W or double bottom pattern which successfully targeted 62.8k as a macro TP 1 during the last cycle's top, points to a macro TP 2 of 132.5k.
A parallel channel formed between last cycle top and the lows that followed it, targeted a more local TP 1 around 75-80k, which we've reached and since exceeded, and its TP 2 is also 132.5k.
BTCUSD towards 115k and lowerBased on RSI divergence and supportlines. Supportline below RSI. Channel for the impulse. Supportline for the finalization of wave 5. Top in start January.
BTC BETWEEN 40K - 35K REGION MIDDLE 2027Bitcoin will get trough 100k maybe 103k and initiate a pullback to 80k to 70k region preparing to make an new high between 115k and 125k region and then start the dump(bear market) in the last half of 2025, according to big divergences in the monthly and weekly timeframe to finally reach his new low at 40k to 35k region in the middle of 2027.
ConfluenceShorts decreasing heavily, would need to close with a small wick for one confluence to log btc. Has until jan to make a decision.
Strong buy on BitcoinThe price has seen the main break even and made a beautiful pin bar. It works as a strong buy signal. The stop loss is behind the shadow. The last target is the all-time high. As Bitcoin moves, every other coin moves in the same direction, too, so you can have long positions on other assets according to your personal strategy and entry point.
Bullish BitcoinAccording to the last analysis, the entry point is past us, but the next entry point is going to emerge. We can now see a double bottom after the prior entry point. One good exit point is on the 70000 level how ever the safest and nearest one might be the 66500 level.
Bitcoin long/short ratioAn oldie but a goodie. Concatenate into a Fibonacci channel, and watch it dance in the fibs. Bitcoin dominance (BTC.D) is breaking out and there’s a gap to over 90%, so bitcoin might really pump here and test into the hundreds of thousands of US dollars. The long short ratio looks primed for a fresh high.
Weekly Cup and Handle Targeting 124kJust noticed this, no drawing here - TradingView's built-in cup and handle indicator is drawing a bullish cup/handle on the weekly Bitcoin chart, targeting 124k approx.
Neckline is around 67k, which should be our next target if Bitcoin can hold a local support level between 60-62.5k and not lose 56.5k on the weekly.
Here's what that looks like on the linear chart, chart above is log:
Good luck!
Bitcoin Mining Profitability: What’s the Break-Even? Hey Miners With the current mining conditions, many miners are facing profitability challenges. Here’s a quick breakdown of where Bitcoin’s price needs to be for mining to break even:
Current Mining Profitability: 0.0439 USD/Day per 1 THash/s
Power Cost per Day: $12.05
Current Earnings: $4.83 per day (leading to a $7.22 loss per day at the current BTC price)
Break-Even BTC Price:
To cover power costs and break even, Bitcoin needs to trade at approximately $64,870. At this price point, mining becomes profitable, meaning your daily earnings would equal or exceed your power costs.
As the mining landscape evolves, understanding these thresholds is crucial for staying ahead in the game. Keep an eye on these key metrics to navigate the ever-changing profitability of Bitcoin mining!
BITSTAMP:BTCUSD
$BTC descending broadening wedgeBitcoin is clearly on a descending broadening wedge pattern. This is a bullish pattern with target at 100-105k. This would also be the 5th and final wave of this bullish momentum that started at 15k. It will be aggressive and quick. I don't believe that this 5th wave will be that short, so my price target is 200k to mark the end of this bull market. Let me know your thoughts in the comments.
Bitcoin is going to crash hard towards $5k or even lower Bitcoin made a double top at All Time High with a divergence. That means upwards momentum is exhausted.
Now price is seems to be going lower in an Eliott Wave impulse with waves (1), (2) already done.
MA200 W1 which is the most important support since Bitcoin inception is near, and breakdown through this level means huge panic.
