Giant Flag. BTC back to Bull by DECApe 2 line strategy - use 2 lines. 2 yellow lines show a giant bull flag. Prediction - Next levels up in DEC. Longby Ape2Lines0
Bitcoin Set for Explosive Breakout? Bitcoin Set for Explosive Breakout? Key Levels and Fibonacci Circles Point to $88K! Looking at the current Bitcoin chart, the price is positioned close to the 200-day EMA, and the Fibonacci circles seem to be indicating a potential pivotal movement. We've recently completed a corrective wave (C) in the Elliott Wave cycle, and we’re likely entering Wave 1 of the next bullish cycle. If this wave progresses positively as expected, we could see a break back above the 200-day EMA. Historically, once Bitcoin finds support above this key level, the price action tends to be explosive. A return to $70k, which represents the top of the horizontal triangle, is within sight. Additionally, the measured move from this triangle suggests a target as high as $84.5k. Supporting this view, the 1.618 Fibonacci extension level, derived from the recent high of around $74k and low of about $49.8k, projects a potential upside near $88k. If the price follows its typical trajectory and the Fibonacci circles align, next week could see significant bullish momentum for Bitcoin. The intersection of these technical factors creates an exciting outlook for a possible breakthrough into higher levels. Longby Calzolaio0
Inflation Increases 2.5%, Setting Scene for Rate CutMarket Update, September 13th 2024 Takeaways Inflation stays under control: The Consumer Price Index increased 2.5% in August compared to the previous year, down from the 2.9% bump in July. The latest data indicates the Federal Reserve will likely cut interest rates by 25 basis points next week. Bankrupt crypto exchange FTX has reached a $14 million settlement with Emergent Technologies, resolving a dispute over 55 million Robinhood shares: The agreement avoids further legal action and allows Emergent to finalize its bankruptcy proceedings. US spot bitcoin ETFs have seen a streak of daily net outflows, with nearly $1.2 billion withdrawn in just eight days: The downturn coincides with broader market volatility. The North Carolina Senate has passed a bill prohibiting state participation in any Federal Reserve-sponsored CBDC testing: The bill bans payments to the state using a CBDC. It passed despite a veto by Governor Roy Cooper. 🕰️ Topic of the Week: Understanding Interest Rates 🫱 Read more hereby Gemini0
BTCUSD Daily Outlook - 2024/09/13General Overview: The price action in BTC/USD shows volatility with moments of consolidation followed by breaks in either direction. Across all timeframes, the market appears to be testing key resistance and support levels. The use of Ichimoku Cloud, ATR (Average True Range), ADX (Average Directional Index), RVI (Relative Vigor Index), and MACD (Moving Average Convergence Divergence) across the charts indicates that the market is positioning itself either for a breakout or retracement, depending on these key indicators. Key Indicators: Ichimoku Cloud: Across most timeframes, the price is either inside or above the Ichimoku cloud, suggesting ongoing bullish momentum. The lagging span (Chikou) is either approaching or testing previous price levels, a signal of potential reversal in shorter timeframes. The Kumo (cloud) shows strong future support levels, especially on longer timeframes (H4 and W1). When the cloud is wide, it indicates strong support or resistance areas. ADX: ADX is above 25 on the lower timeframes (M1 to M30), indicating that the current trend has strength. However, the value varies on longer timeframes, showing that while the short-term trend is strong, the market is consolidating at higher timeframes. The ADX shows weakening on the higher timeframes (D1 and W1), reflecting potential consolidation after previous trends. ATR: The ATR is notably increasing across higher timeframes, signifying heightened volatility. The wider ATR on W1 and D1 frames shows that price swings are becoming broader, reflecting an increase in volatility, likely due to large market players. On lower timeframes, ATR remains relatively stable, suggesting that day traders are operating within expected ranges. MACD: MACD values indicate momentum. On shorter timeframes, bullish momentum is prevalent, as indicated by the MACD moving above its signal line. On longer timeframes (W1), there is a possibility of bearish divergence, which may suggest slowing momentum and a potential correction ahead. RVI: The RVI is approaching overbought levels on shorter timeframes. In contrast, on higher timeframes, it is gradually moving upwards but remains neutral. This suggests potential bullish sentiment still exists in the short term but is not yet strongly confirmed on longer timeframes. Key Support and Resistance Levels: Resistance: On W1, the next resistance zone is around 60,000–61,000. This is where the price is likely to encounter heavy selling pressure due to previous highs. On D1, resistance is seen at 58,400–58,600, where price has previously struggled to break through. On shorter timeframes, resistance around 58,300 is critical, with the price testing it multiple times on M1 to H4. Support: On W1 and D1, the cloud and historical price levels indicate that the support lies around 53,300–54,000. This will serve as the first significant level to watch for a break in bullish momentum. On shorter timeframes (M1 to M30), support holds at around 58,000–58,200, with strong Ichimoku cloud formations indicating that any breakdown below this level could lead to a sharp decline. Market Sentiment: In the short term, the market shows signs of upward momentum, supported by key indicators like ADX, Ichimoku, and MACD on shorter timeframes. The price is hovering above or near the cloud, confirming a bullish sentiment in the near term. Consolidation or Potential Correction (Long-Term): On longer timeframes (H4, D1, W1), the market shows some signs of consolidation with reduced ADX values and relatively flat MACD, suggesting a lack of strong momentum. This could indicate either a longer consolidation period or a potential correction. Conclusion: Bullish Scenario : If BTC/USD breaks the immediate resistance levels at 58,300, 58,600, and 60,000, this could signal a strong continuation of the bullish trend, especially if the price can stay above the Ichimoku cloud on longer timeframes. Bearish Scenario : On the downside, failure to hold support at 58,000 and a breakdown below the 53,300 level could lead to a deeper correction, with the next support at around 51,000–52,000. Given the indicators, a breakout above resistance on shorter timeframes suggests potential upward movement, but the higher timeframe consolidation suggests caution in expecting a major bullish trend continuation without confirmation from a breakout on longer timeframes.by williamwklee0
Btcusd sell set upExpecting a bigger drop from here, but this is a decent R:R, while waiting for next move. Ranging around the 58k area of consolidation getting smaller. Let's see how it goes 😁Shortby PassivePips1
BTC 4H Long Setup off Support 56.6 areaBTC has failed twice to hold the downtrend line as support and needs to retest h&s neckline Ideal long area just like when I said to long support @ $121 on Solana I wish i had a better idea of how high btc goes after this but ideally 59/60K … will update if we hit. Good LuckLongby dogdaddevanUpdated 1
BITCOIN BOTTOM IS COMING There is formation of BULLISH BREAKER BLOCK overlapping with FAIR VALUE GAP on Daily time frame . BITCOIN price will tap this FVG area and bounce back to structure high 74000 dollar. If you want to play this setup , then FRACTAL it on 4H, 1H time frame . you can do it on 15 min if you have a better understanding of market structure .Long01:36by PrashantChauhan11
BTCUSD View!!Analysts have raised Bitcoin’s price target to $112,000 following a spike in exchange-traded fund (ETF) inflows. This increased activity suggests bullish sentiment among institutional investors, potentially driving the cryptocurrency to new highs. Bitcoin ETF Inflows to Trigger Price Boost SpotOnChain analysts reported significant inflows into Bitcoin ETFs. Bitcoin’s net flow turned positive, with $39 million in inflows, reversing previous weak volumes.Longby FXBANkthe80550
BTC & ETH Sept. 13 Options Data23,000 BTC options are about to expire with a Put Call Ratio of 0.87, a Maxpain point of $58,000 and a notional value of $1.34 billion. 127,000 ETH options are due to expire with a Put Call Ratio of 0.73, a Maxpain point of $2,400 and a notional value of $298 million. Crypto rallied overall this week while volatility expectations in the market are declining. Maxpain point is once again keeping up with the price. Major term IVs all declined as expectations of a 25 bps Fed rate cut next week converged. September market was weak as expected, with ETH in particular extremely weak. The exchange rate against BTC has fallen below the long term support level of 0.04 and the engine of the next bull market still looks to be BTC.Longby Greeks_live0
Possibility of uptrend As long as the price fluctuates above the green support range, the continuation of the upward trend is likely. Otherwise, the correction process will be possible until the next support range Longby STPFOREX0
9/12 Market Momentum Continues, But Is Bitcoin About to Peak?Overview: Another positive day, courtesy of Lord Jerome Powell. Initial jobless claims aren’t exceptionally low, but not alarmingly high either. Year-over-year, the Producer Price Index came in lower than expected—1.7% versus 2.2%. Overall, this week’s data indicates a cooling economy, exactly what the Federal Reserve has been aiming for. The equities market responded positively, posting its fourth consecutive green candle. ETFs are buying BINANCE:BTCUSDT Bitcoin again, but after closer inspection, it's mostly Fidelity doing the buying. Meanwhile, Blackrock and Grayscale remain on the sidelines—bearish. Oh, and no one’s buying Ethereum. W: Bitcoin is still trading within its old range. This week will likely close green, not far from today’s price. D: For the fifth day in a row, Bitcoin is testing the weekly level of $58.2K–$58.4K. It's also nearing the Bollinger Bands' Moving Average. This could either mark the start of a new bull run or be the highest BTC will reach for a long time. Pick your side before next week’s expected volatility or wait to avoid the turbulence of potential interest rate cuts. 4h: Breakout attempts are becoming clearer, and the price is now above the Bollinger Bands' Moving Average, signaling a possible continuation of the bullish trend. 1h: MACD shows a bearish divergence. Bearish. Alts relative to BTC: No significant divergences. Bull case: The macroeconomic situation has improved, and there are no significant reasons for large sell-offs. Whales are sitting on their investments and aren’t selling, reducing downward pressure. Bear case: The general public remains skeptical about crypto, and retail purchasing power is weak. Most retail investors have already been burned during the recent months of market chop, limiting new liquidity. Fear and Greed Index: 33.3. Where’s the enthusiasm? This isn’t how a bullish wave begins. Bearish. Prediction: Bitcoin could continue trading within its current range for another week. Opportunities at W and 4h divergences of major alts: BINANCE:APTUSDT is trading at levels last seen in October 2023 and is 44% lower than its BTC ETF price. In the short term, it’s unpredictable, but we believe it’s a good candidate to start Dollar Cost Averaging now.by EvgenCapital1
Fractal WavesThis sort of visually shows the reason i trade a variant of EW that simply focuses on the completion of the "Corrective Waves" and unlike EW corrective waves, that have a series of different corrections that can take place; my version has a couple clear rules for one simple corrective wave to form and complete. Another nice difference of my variation compared to EW is that after the corrective wave comes in you then expect a 5 wave impulse to follow but that 5 wave move will a fractal bigger, to explain in simplest terms. Fractal waves, from smaller to larger. This would have Bitcoin well over 100K :) Longby afinalboss0
Fall 2024 falls to the upsideMade this fractal from a previous dump to complete an inverse head & shoulder. Made it on September 7th and it has been roughly following so far. Let's see what comes next. Would set up 2025 nicely for a new speculative bubble.Longby WillbBTC245990
13-Sep-24I'm expecting a liquidity hunt, with the target liquidity pools being below $66K and above $49K. I think we will see increasing volatility until we reach those levels, then we will see a mid-term bull trend begin to form. Longer term view: by ThousandDollarBitcoin0
Looks like Bitcoin Bull run is startingBitcoin bull run appears to be in play and is likely to start in September and be an up month vs everyones prediction of a down month..Longby spicer0
$BTC Wave 5) can take us to $60KThe abcde Wave 4) correct seems more fitting. Afterward, Wave 5) is to take us to $60K+ at the upper channel line.Longby ewmarkets670
BTC Bullish $80k TarketThe chart speaks for itself. This massive sideways consolidation with a slight downtrend is in fact a massive bull flag. BTC is going up IMO. I hear permabears crying for lower prices. I am long on the entire cryptocurrency market.Longby fritbjorn0
$BTC in Wave 2 pullback inside the channelLooks like CRYPTOCAP:BTC has completed a small 5-wave sequence from $52,530 to $58,600 and is pulling back for Wave 2. Expect this pullback to be confined within the green up-sloping channel.Longby ewmarkets670
BTC 4H Long Setup off Support 56.6 areaBTC has failed twice to hold the downtrend line as support and needs to retest h&s neckline Ideal long area just like when I said to long support @ $121 on Solana I wish i had a better idea of how high btc goes after this but ideally 59/60K … will update if we hit. Good LuckLongby dogdaddevan0
Potential Longs on BTCBitcoin has dropped lately but is working its way back up. We are just waiting for thr ChoCh on the 1H & 4H. POIs due to confirmations: - liquidity - manipulation - imbalance - mitigation at fib levelLongby NancyAguilera0
BTC USD UpdateWe are currently in a bullish trade, but we are facing a significant negative order block on the weekly chart. As far trade managing goes, we are trailing our stop-loss to minimize potential losses. Longby themarketknight1
The probability of next week's rate cut of 25 bps is 87%With the week coming to a smooth end, the U.S. presidential debate and various macro data did not bring significant volatility. Next week the Fed rate cut expectations are gradually converging, and currently from the interest rate trading data provided by the CME, the probability of next week's rate cut of 25 bps is 87%, and the probability of a rate cut of 50 bps is only 13% Meanwhile, options data shows a significant decline in IVs across all major terms, with market volatility expectations falling short and the market theme for September still oscillatingLongby Greeks_live0
BITCOIN Poised & Ready To Boil (Heads 'N' Shoulders) This one for BTC USD is on the 2,3,4 hour timeframes. Price has retested & is ready to bust to the long-side. Good luck.Longby Easy_Explosive_TradingUpdated 3