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Bitcoin-btcusd

4HR Wave Breaking DownSorry I am traveling so don’t have access to laptop to get better chart, let’s do this from phone This is continuing our last “delusional bulls” idea - finally the 4HR wave broke down - target remain under 55k - that’s deep and sound impossible but this is 3rd time this wave pulled the price down and broke See how the price never stayed above the upper channel for long, strong sign of weakness on upside. Let’s continue to short all the way to 65k and keep stop at 71k - under 65k idea is to hold shorts but refrain for adding new shorts as the swing move can be strong if the idea was to go in trash for some reason
COINBASE:BTCUSDShort
by UnknownUnicorn676689
2
Bitcoin update 29.07.24After several weeks of correction. No one doubts Trump's victory in the next US presidential election, so we see a positive trend in the market. The fact that Trump is positive about cryptocurrencies and his proposal to appoint Larry Fink (head of BlackRock) to the post of US Treasury Secretary, of course, causes a big stir in the sphere, as I wrote in previous posts about RWA Larry Fink () has taken tokenization and this sphere into his hands and if he becomes in this post then, the US license for RWA blockchain will be with a company with people from BlackRock I do not doubt that I will say more if he is not even in an office as Treasury Secretary, the blockchain with US license will still be with a company from BlackRock. About bitcoin. We are now near the upper level and ATH of Bitcoin. With the news of unlocking a large amount of BTC from MTGox, many people started shorting with stop losses above ATH. So stop losses will be liquidated, liquidity will be reached (red box), and soon, we will see a new top. We still have a bull market, and according to my forecasts below, it will continue until September 2025. () The cryptocurrency market is a market of expectations, and the number one expectation is President Trump. Buy-on rumors and sell-on facts are the only things that can be said with certainty, and early November may already be a fact and a minor correction. Although the last time Trump was elected, the market reacted with a strong upward rally. Best regards EXCAVO
Long
by EXCAVO
20
Fear & Greed Index Plummets as BTCUSD Dumps SignificantlyGM Crypto Bro's, this morning BTC dumped significantly, causing the Fear and Greed Index to drop to 26 (fear). The Stoch RSI is still resting in the oversold area. There is a big chance for a drop into the red zone around the 50K area, but there is also a small chance for a pump in the nearest blue zone. As always, keep in mind that the market is dynamic. Don't be FOMO, stay safe, keep calm. Remember, anything can happen in the crypto market these days. Maintain your risk, and that's all for today's crypto update. I'm Akki, one chart, and have a nice day
INDEX:BTCUSD
by x_Akki
Bitcoin: Bearish? Not Yet.Bitcoin has rejected the 68 to 70K resistance area as I anticipated in my previous article. If you read it, you will recall that I explained the level of risk for longs at such a location was high for this time frame. What there was NO way to know was IF it were to sell off, how low would it go? Only the market can answer and that is what we can see NOW. Two major support areas were compromised and the range low near 56K was tested in just a matter of days. The key to NOT getting caught in this buying too early is WAITING for price confirmation around specified levels. IF you are stuck in a long because you bought too early, there are two things you need to accept: markets are MOSTLY random and NO ONE can tell you the future. In this situation, when Bitcoin was flirting with 70K, many "experts" claim it will continue higher, you will miss the break out, etc. And you will notice the same phenomenon now: "experts" will project this move visually, forecasting moves to 50K or lower, etc. If you want to be able to navigate this environment more effectively, STOP consuming low grade information and learn to gather much better information from the market itself. I'm not right all the time, but I can at least assess risk in a consistent way and make better informed decisions simply because I listen to the market ONLY. The current price area offers a better opportunity for LONGS at this time, even though a test of the 56 to 53K support area can occur over the following week (see illustration). The arrow on this chart points to the recent pattern of buying activity and this is a good example of what you want to see again which can be a form of confirmation. Looking for shorts in this situation is best for day traders only because of the squeeze potential. This is where a confirmation tool like the Trade Scanner Pro shines. Without any way to confirm levels, you have no way to gauge the probability of a level breaking or not. Just ask the traders who stepped in front of the 66 to 64K support, and the 60K support. What time frame to look for confirmation on will depend on what type of trade you are looking to take. On this time frame, which is more appropriate for swing trades and investing, a confirmation pattern can take a number of days. You need to know exactly what to look for and understand how to best manage risk by utilizing a position sizing strategy. As you can see on this chart, 56K was quickly rejected, but the candle is still open and the recent momentum is still intact (bearish candles). When I see this, I prefer to wait for more complex reversal patterns like double bottoms or failed lows compared to something like a single pin bar. It is important to ALWAYS consider the market from both sides and then use that information to filter your trade ideas. The general location is attractive for longs, especially on the investing time frame but that does not mean it will reverse back to the highs here. IF the 56 to 53K support breaks, a test of 50K becomes likely. IF that breaks, then the 40Ks can be in play. AGAIN it is ALL about CONFIRMATION. No confirmation, then there is a much lower chance of a significant reversal. Overall, no matter what you read or hear, the fact is the broader Bitcoin trend has not changed, it is still BULLISH. The mid term trend is range bound and price is now flirting with the range LOW. IF if holds over the next week or so this can be a buying opportunity. IF it breaks, the state of the broader trend may be in question and will call for reevaluation. This is NOT a game of being right, it is a game of managing risk in a highly random environment. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
10
$BTC may do something like this in this week#bitcoin #btc price is heading to fill CME CRYPTOCAP:BTC futures gap at ~58K while weekly close is approaching. Oscillators will likely turn "Oversold" less than in a day and market may be dipped in around CME gap price. #Stock markets already turned oversold and local dips happened. Whilst a favorable aspect for financial markets is approaching: Sun will sextile Jupiter, the planet of fortune and wealth, i expect markets to go up all the week from now on (Today is new moon, the pivot day). But, beware. This will likely be a relief rally, a bull trap... It's better to be in low risk assets in second half of August. Avoid high risks. Not financial advice.
by naphyse
BTC/USDT WILL DCA WHALES EXPLODE BTC AFTER 74K TO 100KThank you for reading this update. Bitcoin (BTC) appears to be in a crucial area known as the Dollar-Cost Averaging (DCA) whale protection zone. This zone is significant for maintaining the current trend, as it acts as a security zone for the ongoing DCA cycle, which remains intact. We have been tracking BTC since it reached $53K and are now monitoring it as it approaches the next target of $74K. If BTC can confirm a move to $74K, there is a high likelihood of a major breakout to $100K. We find it essential to stay updated with the volume trends and observe the cycle's progress. At this moment there is no confirmation for a breakdown trend and BTC stays positive and into the cycle. Data shows that high-volume DCA whales are not investigating for just the short term, it's a goal that can take at least 6m+, and this can be tracked depending on the transaction data. * With DCA whales means the known large firms and the unknowns holding wallets.
Long
by SatochiTrader
7
BITCOIN Ultimate Cross-Cycle Comparison on 1 chart! DON'T MISS!On this special Bitcoin (BTCUSD) analysis, we compare the current Cycle to all past ones by plotting one on top of the other. By classifying each Phase, we can see that all Cycles share some very strong characteristics. More precisely, BTC appears to be currently approaching the end of the Break-out Phase (orange Rectangle). That gives way to the most aggressive part of the Cycle, its Parabolic Rally Phase (green Rectangle). As you can see, this is where all 3 past Cycles took off, the 2018 - 2021 Cycle (black trend-line), the 2014 - 2017 Cycle (blue trend-line) and the 2011 - 2013 Cycle (orange trend-line), the latter of which is stretched in order to fit on the shared bottom of the others. This chart doesn't technically show the Target value of the Cycle's top but rather serves as a useful benchmark to time this peak, in relation to the Tops of the previous 3 Cycles. As you see, this might be towards the end of October 2025, i.e. a full year into the new U.S. Presidency, which is aligned almost perfectly with historic market behavior. So what do you think? Is Bitcoin about to enter a Parabolic Rally phase and if so, could it essentially be a full year of rallying activity ahead of us? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
6
Bitcoin - it isn't over! Long now for bull run continuation!Hi all. As my followers know, I am building a Bitcoin long position to participate in the final rally into the end of 2024 and 2025 possibly . With terrible sentiment and panic selling happening last 2-3 days, most people don't realize the sentiment on general markets . Facts: - SP500 breaking new ATH and pumping (on chart), - DXY is weak, - 66% chances for rate cut in September, - Mt Gox and German gov selling is a black swan event - and market will absorb this selloff quickly. Any long position between 48k to 60k is safe to ride the next rally to 87k and above. I am planning to hold this long till 110-120k area .
COINBASE:BTCUSDLong
by AdiVV
5
BTCUSDT → short term analysishello guys! I've published the perspective of BINANCE:BTCUSD : now let's dive into a short time frame: Current Price: $69,781 Chart Overview: - Resistance Levels: - Immediate resistance at $73,612. - Next target at $77,604. Trend Analysis: - Bullish Trend: Bitcoin is in a clear uptrend, trading within a widening wedge pattern. - Corrections: Two minor correction areas are identified: 1. Around $70,000. 2. Near $73,000-$73,612. Price Patterns: - Widening Wedge: Indicates increasing volatility with higher highs and higher lows. - Potential Breakout: Price action suggests a bullish breakout toward $73,612 and potentially $77,604 after minor corrections. Key Observations: - Support Levels: The support from the widening wedge pattern is holding strong, providing a solid foundation for further gains. - Minor Corrections: Expected corrections around $70,000 and $73,000 should provide re-entry opportunities for traders. Conclusion: - Bullish Continuation: The overall trend is bullish with a high likelihood of reaching $77,604. - Trading Strategy: Consider buying on dips near $70,000 and $73,000, targeting $73,612 and $77,604. Actionable Insights: - Monitor for corrections around $70,000 and $73,000 for potential buying opportunities. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
30
BITCOIN has entered into early Parabolic Rally levels.Bitcoin (BTCUSD) is about to close the month of July with a strong test-and-hold on its historic Parabolic Growth Channel, which is the zone that has signified its cyclical bottom and the recommended region to buy after a Bear Cycle. This marks the 5th straight month of sideways trading and as this 1M chart shows, this is a behavioral pattern that normally takes place before BTC starts its most aggressive part of the Bull Cycle, the 'Parabolic Rally'. What precedes this is of course the Accumulation Phase within the Parabolic Growth Channel. We are some months past this stage and based on the Time Cycles, the market has just entered the (green) region where the Parabolic Rally can start anytime. Do you expect that to start as early as next month? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2
From Monthly to Daily: Bitcoin’s Bullish Surge Above $100KI'm not a "to the Mooner", and when I thought Bitcoin was going down, I said so, even though I knew I'd get some negative comments. I'm not a perma-bear either... In fact, at the beginning of this month, I mentioned that the break under 60k is most probably a false break. I try to stay as objective as possible, trading based on what I see rather than my biases, and right now everything I'm seeing looks extremely bullish I'll break down my analysis from monthly to daily because I believe all signs point to Bitcoin reaching 100k or more by the end of the year. Monthly Chart Analysis: Starting with the monthly chart, although I'm not an Elliott Wave (EW) expert, it's quite clear that from the 15,500 bottom, we have an impulsive EW structure. The first wave reached 31.5K, followed by a correction in the second wave down to 25K. Wave three then surged to 74K, and now we're experiencing the complex correction that typically characterizes wave four. Going further with basic Elliott Wave (EW) theory, Wave 1 shows an approximate 100% increase from 15,500 to 31,500. Wave 3 then surged from 25,000 to 74,000, an approximate 200% increase. After a correction in Wave 4 down to 54,000, we can now project Wave 5 using these percentage movements. Using the percentage increase of Wave 1 (100%) and applying it to the bottom of Wave 4 (54,000): - A 1.0x extension of Wave 1’s percentage increase suggests Wave 5 could rise by approximately 54k (54,000 * 1.0), reaching a target above 100k. - A more bullish scenario, using a 1.618 extension of Wave 1’s percentage increase, suggests Wave 5 could rise by approximately 90,000 (54,000 * 1.6), reaching a target of 144,000. Therefore, considering these percentage movements and the high volatility of Bitcoin, the potential target for Wave 5 could be between 100k and 150k, depending on market conditions and the exact nature of Wave 5. Weekly Chart Analysis: Refining to the weekly chart, we observe a notable upward movement from 25 to 74, followed by a correction that forms a bullish flag pattern. The bottom of this flag pattern aligns around the 38% Fibonacci retracement level, which is typical for flag formations. Additionally, from a price action perspective, the last three weeks exhibit strong bullish tendencies, with the current week presenting a bullish continuation Pin Bar. Applying the measured target for the flag pattern projects a value above 100k. If we were to apply a percentage-based target similar to the wave analysis, it would suggest 150k, but it's prudent to hold off on that projection for now (though this would approximately equate to a 1.6 extension from the monthly wave analysis). Daily Chart Analysis: Zooming in further to the daily chart, we clearly see a false break followed by a reversal back above 60k. The recent correction dropped to a horizontal support level, concluding with a Pin Bar. Adding to this, yesterday's bullish candle completes a strongly bullish Morning Star pattern, indicating a likely imminent break of the resistance level. Overall Perspective and Conclusion: Looking at Bitcoin's behavior from monthly down to daily charts, the outlook remains very positive. The long-term wave analysis suggests significant growth potential. On the weekly chart, the bullish flag pattern points to further gains, and the daily chart's reversal patterns reinforce this bullish sentiment. In summary, Bitcoin is showing strong signs of upward movement across all time frames. While conservative targets point to around 100k, the possibility of reaching 150k isn't off the table if the bullish trends continue. As always, it's wise to watch for key resistance breaks to confirm these bullish projections. Best of luck! Mihai Iacob
COINBASE:BTCUSDLong
by Mihai_Iacob
15
Bitcoin: Major Resistance Area Watch Reversal.Bitcoin is now retesting the 68K to 70K range resistance area. It is reasonable to anticipate greater selling pressure or an absence of buying within this zone which is evidenced by previous range history. This suggests higher risk for longs on larger time frames, even though there is still potential to test the 70K area over the coming week. One helpful hint (or confirmation) is how the current inside bar formation plays out. How you navigate this environment begins with the type of trade you are looking for on the onset. This means BEFORE you even open a chart, you NEED to come to the market with some sort of intention. "To make money" is vague and is more likely to lead to reactive behavior (typical of retail traders). This analysis is geared toward swing traders who are looking at larger time frames such as 1 hour, 4 hour, daily time frames, etc. This information can be utilized by day traders, but more detailed evaluation would be required for smaller time frames. In the case of Bitcoin now, the "helpful hint" that I just referred to is how the market chooses to process the current inside bar (see arrow). At this time the candle is still open and has a number of hours before it closes which means there is no guarantee we get the inside bar. Assuming we do get it, they key for swing traders here is a break and CLOSE below the 66,500 area (previous candle low). Such an event can lead to a retest of the 66 to 64K support in the coming week. Also notice the previous candle is "pin bar" like and appears to be a failed high relative to the 68,300 high made earlier. This is another typical sign of an absence of buying. While the short side is compelling, you will notice my illustrated scenario starts out going higher first. This can be the outcome IF the inside bar is closed and high taken out. Which would be a continuation of the bullish momentum and potentially test the 70K level. This scenario is more appropriate for shorter time frame long strategies (day trades on 5 min etc.). Again such a scenario requires confirmations on such time frames which is what my Trade Scanner Pro is best at. No ONE knows where any market will be in the future. We can gather clues and gauge short term strength or weakness which we can reference for a short term projection. With that comes a probability and risk assessment. It is amazing to me how many are fooled by complex charts and "experts" claiming to know the future. Trade ideas BEGIN with a "premise", or scenario that MUST be anticipated which should be within reason relevant to a given time frame. Otherwise, if you react to information, you will quickly join the herd mentality which puts you in the category of those who are the source of profit for the marketplace. You may have a glamorous view of this business but let me remind you that this is nothing more than a game of capitalizing on the mistakes of others. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
10
Bitcoin's Path: From Past Performance to 2025 ProspectsConsider the journey of Bitcoin: from its humble beginnings valued at mere pennies to surpassing $60,000 over the past fifteen years. While many foresee Bitcoin's continued ascent over the next decade and a half, what about its trajectory in the near future? Let's delve into some speculation about where Bitcoin might be headed by 2025. Despite its notorious price volatility, Bitcoin has followed a surprisingly consistent pattern since its inception in 2009, cycling through roughly four-year phases. These cycles align with Bitcoin's halving events, which occur every 210,000 blocks added to its blockchain. Each halving event reduces Bitcoin's inflation rate by half, creating a supply shock that historically drives its price upward, even if demand remains steady. Typically, this four-year cycle unfolds predictably. It begins with a bear market phase, as observed in 2022, marked by a sharp decline from a peak. The subsequent year often brings a recovery phase, akin to the upward trend seen in 2023. The third year, which includes the halving (as seen in April), usually witnesses significant price increases due to anticipation of reduced supply. If history repeats itself, the fourth year—2025 in this scenario—tends to see substantial gains for Bitcoin. While no outcome is guaranteed, Bitcoin appears to be adhering to its historical cycle. Assuming this pattern persists, we can speculate on its 2025 price based on past performance. Let's first consider 2024, given Bitcoin's recent halving in April. Halving events have a profound impact on Bitcoin's price. After the first halving in 2012, Bitcoin surged 119%. Four years later, in 2016, it climbed 93%. Following the 2020 halving, it soared by 174%. On average, Bitcoin has historically increased by approximately 125% during halving years. This historical context sets the stage for projecting Bitcoin's trajectory into 2025. If Bitcoin were to grow by 125%, starting from its price at the beginning of 2024, a $99,000 Bitcoin by the end of the year would be a reasonable expectation. Considering Bitcoin has already appreciated by approximately 60% this year, achieving another 60% increase to meet historical norms might seem significant. However, Bitcoin has demonstrated in the past that it can achieve such gains in a matter of months. If 2024 follows this trajectory, a near-$100,000 Bitcoin to start off 2025 would be impressive and present a compelling investment opportunity. Historical data suggests that the full impact of Bitcoin's halving event typically unfolds in the year following the halving. After Bitcoin's first halving in 2012, it surged by an extraordinary 840% in 2013. Following the 2016 halving, it saw a 331% increase in 2017. Then, after the 2020 halving, it rose by a solid 174%. On average, Bitcoin has historically gained around 400% during these post-halving years. Projecting from a starting point of $99,000 at the beginning of 2025, a 400% increase could potentially elevate Bitcoin's price to nearly $500,000 by the end of the year. It's essential to note that past performance does not guarantee future results. However, the continuation of Bitcoin's established four-year cycle remains compelling. The full impact of the halving typically takes at least a year to materialize. Even if Bitcoin falls short of the average gains seen in post-halving years in 2025 or if the cycle deviates, Bitcoin's unique attributes—such as its finite supply of 21 million coins, industry-leading decentralization, and robust security—suggest it holds significant long-term potential compared to other assets. Bitcoin has established itself as the quintessential cryptocurrency, poised to continue its journey of price appreciation for years to come.
BITSTAMP:BTCUSDLong
by FOREXN1
5