BTCdisclaimer not financial advice Btc Showing Higher price in daily wich we can use irl to erl price now is targeting swing high on dailyLongby SmadinFX1
17-Sep-24 UpdateThis is a short term update for the related chart. If I'm correct in thinking that this will be a long squeeze with 56K as the target, then we will see price dropping through support levels, without much of a bounce, until we break the next big even at 57K.Shortby ThousandDollarBitcoin0
BTC - Is this time different? Basically previous ATH is still resistance although new ATHs posted on all exchanges this cycle BTC rose prehalving faster than any other cycle which is bullish Now BTC has broken both the 55 & 200 EMA & SMA which means the bear market is starting in every other cycle looks like the dreaded death cross is happening last cycle has the weird double top If I have to listen to the charts I would say its a bear mkt or minibear mkt already and going lower through the elections and a red xmas Every other part of me says there is a year left of bull market, BTC barely made the news cycle and it has a ton of pump left and altcoins will still pump technically the .786 fib from ATH has been tested and can support & the 100day ma as well by BertGroffman0
BTCUSD NEXT TARGET 58400Bollinger Band Buy/Sell Signal indicator show a Bearish call on Hourly Chart. BTC USD Next Target 58400.Shortby Sudhir-Sirohi0
Bitcoin forecast Hi traders; based last analysis; btc start downtrend but i expext; Price break below of specified flag; Shortby Market_Magazine0
BTC USD UpdateA few upper targets are available. We compounded the trade this morning. Let's see if the market maker really pushes us higher. Overall, I wanted a lower entry, but we were in a discount, so I just went with it after a long wait. I'll keep posting if it progresses into the destinationLongby themarketknight0
17-Sep-24I think the market is "naturally" bullish, but whales are pushing price down. The circled price action looks like a short squeeze, and now whales have entered short and are ready to push price down to break $56K. My levels are places assuming strong bounces from liquidity levels. Following the break of 56K I'm expecting a breakout of the longer term down trend.Shortby ThousandDollarBitcoin0
BTC - 1D - Accumulation phaseNothing has changed! Bitcoin is currently in a clear accumulation phase, similar to what we experienced last year. People often forget that during this same period, we saw a similar pattern, which lasted for roughly seven months before breaking out. History tends to repeat itself, especially in markets where human psychology plays such a crucial role. As we observe Bitcoin’s price action today, the signs are pointing toward another extended accumulation period. The long-term holders are quietly building their positions, and those with a short-term outlook may miss out. Timing is always critical in crypto, and this phase could present an opportunity for patient traders and investors. Are we on the verge of another breakout, or is this just a false start? Only time will tell, but those who remember the patterns of the past year may have an edge.by Mike_Trading_0
BTC Get DownBTC on down trend and may saw 57500 then goes to range 58500 and 5750 beware on stop hunt in 59200Shortby sc2shzshz0
$BTC Bullish count: Wave 1 up complete, now Wave 2 consolidationWe can count 9/6 low as the end of the multi-month correction. It had 7 large waves starting with the high of $73K. An uptrend began on 9/6 and has completed a small 5-wave sequence 1)-2)-3)-4)-5). Now, we're in Wave 2 consolidation. When this Wave 2 ends, Wave 3 should be unmistakable. Longby ewmarkets671
Bitcoin Update: Crucial Insights Before Fed Rate Cut DecisionI've got some important updates for you. We're closely watching Bitcoin, and things are looking bearish right now. There's support around $56,700; ideally, we'd like to see it held there for a few days. If that doesn't happen, the next support level to watch is $54,000. Now, the big news is about the Fed's decision on interest rates this Wednesday. It's difficult to predict the market's direction at the moment, as everything hinges on that rate cut. Until the Fed makes its move, the market's reaction remains uncertain. According to the FedWatch Tool, there are two possible outcomes for the rate cut, with odds provided by the CME Watch Tool as of Monday. There's a 33% chance of a 0.25% rate cut, while a 67% chance points to a 0.5% cut. As of now, it seems the market is leaning towards a 0.5% cut, but we’ll know for sure on Wednesday. For my part, I'm taking a cautious approach and sitting on the sidelines until we see how the market reacts after the Fed's decision. This isn't financial advice, just sharing my strategy. If you have any questions, feel free to leave them in the comments, and don’t forget to hit that like button! CME Watch Tool www.cmegroup.comby CryptocurrencyWatchGroup1
BTC MACD/200 EMA Strategy through the time framesBINANCE:BTCUSD Quick video explaining the methodology as you watch it progress through the time frames, so you can apply the same methodology whether you're an intraday trader or swing trader on higher time frames. Best of LUCK!10:50by The_GoldFinch0
Bitcoin break out 5th Oct So I think btc will break out this wedge in next 20 days, think as on as we close the month above the wedge we will have a retest to the top of the trend line then hit 80k very quickly...... Probably by mid November latest Longby Nickhound0
BtcusdtBase on usdt.d Every thing is clear in picture Signal and entry bar in 15m.Shortby PEYMANDEHGHAN_791
Optional positive scenario.I am a noob don't trust this chart. Optimistic view: Short of in a RSI resistance area. Price holding up quite between 55-60. Seem more accumulation despite the lower low.by elganador0
BTC USD UpdateLets wait for volume to come in and really see if it does rotation.Longby themarketknight1
Short trade Mon 16th Sept 24 Sell-side LND Session AM 10.21 am Entry 58133.94 Profit level 57706.05 (0.74%) Stop level 58258.16 (0.21%) RR 3.44Shortby davidjulien369Updated 0
Long trade Trade setup for BTC/USD during the London AM session on Monday, September 16, 2024, at 6:00 am: Pair: BTC/USD Session: London AM Time: 6:00 am Entry Price: 58,688.77 Profit Level: 59,465.60 (representing a 1.22% gain) Stop Loss Level: 58,622.90 (representing a 0.18% risk) Risk-Reward Ratio (RR): 10.84Longby davidjulien369Updated 0
BTCUSDT 1H In the middle of the roadBTCUSDT 1H In the middle of the road BTCUSDT is at that point where it is better to watch the bulls or bears from the sidelines if you don't want to be run over. On the one hand, it is in a strong resistance zone at $60,750, which if broken, would take the value to 65K and in search of the next resistance at 68K. If it falls, it is very likely that the price will seek support at 49K to make a double bottom from which to bounce strongly. Levels: SUPPORT - 49K RESISTANCE 1 - 60,750 RESISTANCE 2 - 65,000 RESISTANCE 3 - 68,000by DeuXfi0
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $60,629 resistance held strong, $58,290 support in effect rn, current 1D looking bullish, last weekly close put bullish engulfing - expect $64,344 test if followed thru. RSI on 4H looks fine, continue watching given S/R by limitlessnash0
Bitcoin Fails to Break the 60K ThresholdThe dollar's accelerated losses due to Fed expectations had only a limited impact on Bitcoin's rise. U.S. spot Bitcoin ETFs recorded their highest daily inflows in nearly two months. However, as the U.S. elections approach and Kamala Harris performed better than Donald Trump in the latest TV debate, cryptocurrencies, led by Bitcoin, lost value. From a technical perspective, if Bitcoin breaks below the 57,330 level, a further decline toward the 55,800 and then 54,000 support levels could occur. On the upside, if it surpasses the 60,000 resistance level, the 63,000 and then 65,000 resistance levels could be tested. by primequotes1
Correction It is expected that the corrective trend will advance up to the specified support range and then according to the price behavior in this range, the continuation of the movement trend will be according to the specified paths.Shortby STPFOREX0
9/15 Weeks Overview. Rate Cut Volatility or Bullish Opportunity?Overview: The VANTAGE:SP500 closed the second week of September with a strong green candle, completely retracing the previous week's red candle. The precision of this price action is impressive: the 1st week's open was at 5623, and the 2nd week's close was at 5626. The 1st week's close was at 5408, and the 2nd week's low was 5406. So, is this a bearish or bullish signal? Neither—it's volatility. There's uncertainty around whether we're headed for a recession or a soft landing. Will the Fed’s rate cut ignite a bull run or crash the market? One factor contributing to this week’s positive performance is favorable macroeconomic data, such as the CPI and PPI, which came in lower than expected and weren't revised down multiple times. Next week, all eyes will be on the Fed's interest rate decision, scheduled for Wednesday at 2 PM EST. This announcement will overshadow other key macro data, including US retail sales (trending up), building permits (trending down), and the NY Empire State Manufacturing Index (trending upward since January 2024). Current expectations are split, with a 48% chance of a 0.25% rate cut and a 52% chance of a 0.50% cut. The expectation of a two-basis-point cut has doubled in just a month. If the odds were skewed more heavily (90/10), the market could avoid volatility as the move would be priced in. However, in the current scenario, even a 0.25% rate cut could trigger a sell-off. Historical Context for Rate Cuts and Risky Assets: Looking back at how NASDAQ:QQQ performed after past rate cuts provides valuable insight: • July 31, 2019 to April 2020: Rates dropped from 2.40% to 0.05%. In the next three trading days, QQQ dropped 6%. However, it reached a new all-time high in 86 days and gained 22% in 202 days. This was supported by a strong labor market, with unemployment falling for eight consecutive years. The temporary decline was due to COVID shutdowns. • September 18, 2007 to December 2008: Rates fell from 5.25% to 0.15%. QQQ soared 1.9% on the day of the cut and gained 12.2% over the next 42 days. However, the Subprime Mortgage Crisis ensued, leading to a 52% drop in 380 days. The labor market was weak, with unemployment rising for four months before the cut. • January 3, 2001 to July 2003: Rates declined from 6.5% to 1%. This marked the collapse of the Dot-com bubble. QQQ had already corrected by 56% over 280 days. While it rallied 32% in the next 21 days, the downtrend resumed, dropping another 61.4% over the next 645 days. Unemployment had bottomed eight months before and started rising one month before the cut. More weight should be given to the 2007 scenario, as the current labor market resembles both 2007 and 2001. The 2001 rate cut holds less relevance since QQQ tracks tech stocks, which were uniquely impacted during the Dot-com bubble. Strategic Outlook: Based on historical data, one could allow the market correction to finish on Monday or Tuesday, then take a long position on your favorite altcoin for 1–2 weeks—but no longer than that. In terms of ETF flows, historically, if weekend was red, Monday opens with more sell off driven by ETFs. BTC Timeframes: W: Needs to stay above $58.4 to maintain short-term bullishness. However, given the upcoming volatility, the chances are slim. D: As of Sunday evening, whales started selling off, likely anticipating next week’s volatility. As mentioned in Friday's forecast, "Short-term correction to $58.4, then volatility during the rate cut week." The current correction from Friday’s highs is 3.5%. 4h: The sell-off began at 4 PM EST and has now corrected to the weekly level of $58.4. 1h: The price has just reached the weekly level, and RSI is oversold, presenting a short-term bullish opportunity back to the $59.8 level. Altcoins Relative to BTC: The divergence continues, with altcoins correcting more than BINANCE:BTCUSD . While BTC has corrected 3.5%, BINANCE:ETHUSD is down 6.7%, and BINANCE:SOLUSDT is down 6.4%. Bull Case: We are in a 2019-like scenario, where speculative assets rise for several months after a rate cut. Bear Case: We are in a 2007-like scenario, where the labor market continues to weaken, corporate revenues shrink, and the recession plays out over a couple of years. Fear and Greed Index: Currently at 35.64 and trending down. As long as the index remains below 40, it's a good time to start dollar-cost averaging into top altcoins like ETH, SOL, BINANCE:NEARUSDT , BINANCE:BNBUSDT , and BINANCE:AAVEUSDT . Prediction: We’ve already corrected to a relatively strong weekly level. The only prediction that can be made is a short-term bounce, followed by more volatility. Opportunities: BINANCE:FTMUSDT has reached a higher price on the 4-hour chart, but its RSI and MACD are trending down, signaling a bearish divergence. This could be invalidated by a sudden spike in BTC.by EvgenCapital1