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Bitcoin fail Septembull, Drop or Just a Setup for the Next Pump?GM crypto bro's, today BTC's monthly candle closed without achieving a Septembull, showing instead a tendency for further correction. The Fear and Greed Index is at 50, along with a significant drop in the Stoch RSI. As mentioned in previous updates, there is still a potential correction down to the 60K - 59K range. BTC currently sits at 63,538 with a strong bearish candle. Is the pump to 69K still possible? Yes, but I personally see only a 30% chance for that, while the probability of a correction to 61K - 59K is around 70%. Happy payday to those who got paid! Remember, the market is dynamic—don’t get FOMO. Keep buying more Bitcoin, maintain risk even though life is full of risks. A great sailor isn’t great because of a luxurious ship but because of their skill as the captain. As always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
BTC USD IdeaWe ran last week's previous highs, and the structure is bullish. So, we logically need some sort of bull back unless the price is ultra-bullish and starts rejecting the local range on the chart with 62.709 low. If we manage to break through it, we have our bull back to trade lower. If we start to reject 62.709 +OB and shift the structure higher, we keep buying. Simple as that. Overall, on the weekly range, we are in premium pricing, so we do not buy spots, etc. It was last month when we were in a discount. If you missed it, it's not advised to make spot buys.
COINBASE:BTCUSDLong
by themarketknight
BTCUSD Correction to 60K - Will September Close Bullish?GM crypto bro's, happy Monday! This morning, the Fear and Greed Index is sitting in the greed zone at 61, while the Stoch RSI remains overbought. BTC has started to show signs of correction from the 66K range. The potential correction area remains the same as mentioned in our previous updates, targeting the 60K - 59K range, or maybe it will only hit 61K. Keep in mind that tomorrow is the monthly closing candle for September. If BTC closes above 64,700, then we could consider this a Septembull finish. Remember, the market is dynamic—don’t get FOMO. Always be aware of correction possibilities because anything can happen. Always manage your risk. That’s all for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day, stay SAFU, and don’t forget—buy more Bitcoin.
INDEX:BTCUSD
by x_Akki
Bitcoin: 70K Objective Within Range.Bitcoin has pushed beyond the 64K resistance but is now hesitating with the appearance of an inside bar. If the high of the inside bar is cleared, that would be a momentum continuation signal which can see price push into the 67 to 69K resistance. If the low of the inside bar is cleared, a retrace can unfold which can take price back into the 63 to 64K area (old resistance/new support). The key to navigating this is WAITING for confirmation and having your parameters and expectations predefined. Reacting to market events is typical retail behavior most often a mistake. The illustration on my chart shows the scenario that I am anticipating over the coming week. (See my previous articles to see these play out). While there is NO way to know if price will follow this path, IF price action confirms, this scenario has a greater probability. I am able to identify these opportunities from carefully evaluating TREND and SUPPORT/RESISTANCE levels. I am simply FOLLOWING what the market is implying through price. I don't have to get overwhelmed with "fundamentals", and "news" and other propaganda because price factors in ALL the known information in the world in a given moment (Efficient Markets). If you understand this concept, it then becomes much easier to recognize opportunities and most importantly measure the associated RISK. The arrow on my chart points to a predetermined price area (63 to 64K) to watch for If reached. This would be the lowest risk/highest probability point if confirmation appears. Ideal for swing trades especially where reward/risk can reasonably be 2:1 or greater. The reward/risk component depends on how you define risk at the time of the signal (this is what I use Trade Scanner Pro for). You can also use the next support level or candle stick low which is better than nothing. What is also compelling about this situation is the changing interest rate environment. While the change will not have an instant to the moon effect, it will offer a more supportive environment over time. This will be ESPECIALLY important during pullbacks when support levels are tested. This charge also calls for a closer look at low priced small caps/alt coins because they are poised to benefit from the increasing money supply resulting from lower rates. NOW is the time to be looking to invest, NOT at all time highs. I will be talking more about this soon as well. How you use this information will mostly depend on your decision making structure. A seemingly more bullish environment does not guarantee trades/investments will work out. Although it does provide for a more forgiving market. Know your RISK before you enter any type of position and this can be defined by using information straight from your chart. For example if Bitcoin confirms a long at 64K, I automatically know risk on this time frame can be at least 1 to 2K points. From there, a profit objective and sizing regime can be worked out. If you are not this organized, do NOT risk real money until you have some kind of management or decision making structure in place. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
21
BTCUSD Holding 65K - Pump to 70K or Correction to 60K?GM crypto bro's, happy weekend! This morning, BTC is still holding in the 65K range with the Fear and Greed Index in the greed zone at 63, while the Stoch RSI remains in the overbought area just like yesterday. Today's market outlook is still the same—potential for an instant pump to 69K - 70K, but also the possibility of a dump down to the 60K - 59K range. So, keep staying safe out there! Remember, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day and stay SAFU!
INDEX:BTCUSD
by x_Akki
BTCUSD Weekend Outlook - Greed Zone at 64, Correction or Pump?GM crypto bro's, happy weekend! This morning, the Fear and Greed Index is in the greed zone at 64, while the Stoch RSI has risen back to the overbought area. Today's market outlook remains similar to yesterday’s, with a potential correction around the 60K - 59K range, while the pump target is 69K - 70K. Considering it’s the weekend and nearing the end of the month, a correction is likely, especially with the Fear and Greed Index showing high greed at 64. Keep in mind, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
BTCUSD Approaching 65K - What’s Next? 60K or 70K?GM crypto bro's, this morning, the Fear and Greed Index has risen again, entering the greed zone at 61, and BTC has pumped towards our target in the 65K range. Yesterday’s correction only reached 62K, without touching 61K, but BTC still managed to correct slightly before successfully pumping into our target range of 65K - 66K. Now, what's next? In terms of price action on the weekly chart, there's potential for BTC to correct again to the 60K - 59K range, with a potential pump towards 69K - 70K. Let’s see if the end of this month will bring a "Septembull" or just a "Septembear." Keep in mind, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
Walz vs. Vance: Markets to Watch Democrat Tim Walz and Republican JD Vance are set to clash next week in the sole U.S. vice presidential debate, an opportunity for both candidates to bolster their running mates’ platforms ahead of the crucial November 5 election. For the exact date and time of major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox. Will the markets mirror the first debate’s outcome? Vance faces an uphill battle, with polling data showing he carries higher unfavorable ratings compared to Walz. So, unless Vance exceeds expectations during the debate, the "winner" will likely be the more favored candidate going in. During the first debate between Trump and Harris, assets linked to the Harris/Walz ticket surged post-debate. Green economy stocks rose 4.1%, renewables climbed 4.0%, and oil gained 2.1%, driven by lower supply expectations. Semiconductors saw a 4.4% uptick. Meanwhile, Trump-trade assets stumbled, with Trump Media & Technology Group plunging 13%, and crypto-related stocks, including Bitcoin, pulling back.
BLACKBULL:BTCUSD
by BlackBull_Markets
BITCOIN making a huge break-out as we speak.A little more than a week ago (September 17, see chart below), we made clear that if Bitcoin (BTCUSD) broke above July's Lower Highs trend-line (the Descending Triangle's Top), it would be a major bullish break-out for the long-term: And so it did and today we witness another strong daily rise as the price broke above the August 25 65000 High, cementing and confirming all bullish break-out bias. ** Similar break-out happened 1 year ago ** What's even more interesting is that we saw almost the exact same break-out a year ago on October 01 2023, when BTC again broke above its 1D MA200 (orange trend-line) just after the Lower Highs break-out of an identical Descending Triangle. It is remarkable that the market was also on a 6-month consolidation phase at the time, with a clear Resistance and the 1W MA50 (red trend-line) supporting. The bottom was priced exactly when a 1D Death Cross was completed, just like the current phase did on August 05. ** 6-month Resistance break leading to +200% rise ** After a quick 10-day consolidation following the Lower Highs break-out, the 2023 fractal then 'attacked' the 6-month Resistance Zone and broke it aggressively, confirming the emergence of a violent Channel Up that, after almost a +200% rise, it would take Bitcoin to March's All Time High. ** Fed and U.S. elections immensely bullish ** With the Fed having started a new Rate Cut Cycle last week with an aggressive -0.50% cut and the U.S. Presidential Elections in November historically being a huge bullish event (as explained in one of our recent publications), there is no reason not to expect a similar rally. We are expecting to see $95000 towards the end of the year. So what do you think? Is this a huge bullish break-out for Bitcoin and if so, can we experience a an October 2023 - March 2024 rally? 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
11
BTCUSD Correction After 64.7K Pump - Testing 61K - 62K Next?GM crypto bro's, BTC has finally seen a correction this morning after pumping to around 64,700. The day starts with the Fear and Greed Index back in the neutral zone at 50. The possible area that BTC might test during this correction could be in the 61K - 62K range, as we've mentioned in previous market updates. Keep in mind, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
Bitcoin 9/25/24Technical Analysis of Bitcoin Chart Using Fibonacci and RSI Fibonacci Retracement Analysis In this chart, Fibonacci retracement levels are clearly plotted from a low near $50,000 (around September 12th) to a high near $63,500 (around September 19th). These levels help us understand where support and resistance zones might form based on past price action: 1. 23.6% ($60,670): This level acted as a resistance before the price retraced to lower Fibonacci levels. It could still serve as a minor resistance level if the price moves upward again. 2. 38.2% ($58,300): The price has bounced around this level several times. It is a key support area, and if Bitcoin breaks below it convincingly, it could lead to further declines. 3. 50.0% ($56,750): Another critical psychological and technical level. The price briefly tested this level before bouncing back. A break below this would indicate a deeper retracement is in play. 4. 61.8% ($55,200): Known as the "golden ratio," this is a significant support level. If Bitcoin continues to fall, this level could be tested next. 5. 78.6% ($53,700): The final major retracement level before revisiting the previous lows near $50,000. RSI (Relative Strength Index) Analysis The RSI at the bottom of the chart: Currently hovering between 40 and 50, indicating neutral to slightly bearish sentiment. No clear oversold or overbought signals, as the RSI hasn't dipped below 30 (oversold) or risen above 70 (overbought) recently. This mid-range RSI suggests that Bitcoin is in a consolidation phase after the recent rally but has not yet reached exhaustion for a major reversal. Key Takeaways 1. Support Levels: The 38.2% retracement level at $58,300 is a crucial support area. If Bitcoin falls below this level, we could see it testing the 50% ($56,750) and eventually the 61.8% ($55,200) retracement. A further drop could bring the price to $53,700 (78.6% retracement), which would be a critical support zone before testing the lows of $50,000. 2. Resistance Levels: The 23.6% ($60,670) level has already acted as resistance and could be tested again if the price rallies. Breaking above this would shift focus towards retesting the highs near $63,500. 3. RSI Implications: Given that the RSI is neutral, there is no strong indication of either overbought or oversold conditions. However, a move below 40 could signal increased bearish momentum, whereas a move above 60 could indicate bullish momentum. In summary, Bitcoin is in a retracement phase after hitting highs around $63,500. The critical levels to watch are the 38.2% ($58,300) and 50.0% ($56,750) Fibonacci retracement levels. The RSI suggests a period of consolidation, and if the price continues to fall, it may find support around the 61.8% retracement ($55,200).
INDEX:BTCUSD
by ILL_Midas
1
BTCUSD Daily Update - Greed Zone, But No Correction Yet?GM crypto bro's, this morning, the Fear and Greed Index has finally entered the greed zone at 59. It seems BTC still isn’t ready to correct down to the 61K - 60K range. BTC is already quite overbought in terms of price action, and the Fear and Greed Index is also showing signs of a potential correction. However, our pump target remains the same as yesterday, around 65K - 66K. Keep in mind, the market is dynamic, don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
Bitcoin forecast 9/24/241. 111-Day EMA (Yellow) and 150-Day EMA (Green) Crossover The 111-day EMA (yellow line) is moving below the 150-day EMA (green line), which signals bearish momentum. This suggests that the market is currently in a downtrend or at least lacks strong bullish sentiment. The price of Bitcoin has been struggling to break above both the 111-day and 150-day EMAs in recent attempts. These EMAs are acting as resistance levels, making it hard for the price to sustain upward momentum. Historically, when shorter EMAs (like the 111-day) are below longer EMAs (like the 150-day), it suggests that the market could continue in a bearish trend until a reversal happens. 2. Price Action Bitcoin is currently priced at $63,268.88 (as indicated by the chart), which is below both EMAs. This reinforces the idea of bearish control at this moment. The price had been attempting to recover from earlier dips but failed to break through the resistance levels provided by the EMAs, suggesting that sellers are still dominating the market. 3. Relative Strength Index (RSI) The RSI indicator is shown at the bottom of the chart, currently pointing towards a slight bearish momentum as it hovers below 50. The RSI appears to be in a downward trajectory, suggesting increasing selling pressure. A break below 40 would further confirm the bearish sentiment and could indicate an oversold condition, where a short-term bounce might be possible. However, as the RSI hasn't reached oversold levels (below 30), there may still be room for more downside before any major reversal is expected. 4. Support and Resistance Immediate Resistance: The key resistance level is at the area between the 111-day and 150-day EMAs, roughly around $63,500 to $64,000. A clear breakout above this level would signal potential bullish momentum. Immediate Support: There appears to be a psychological support level at $60,000, which could act as a temporary floor for the price. If Bitcoin breaks below this, further downside towards $55,000 could be possible. 5. Summary Trend: Bearish, given that the 111-day EMA is below the 150-day EMA. Momentum: Weakening, as suggested by the RSI trending lower. Outlook: Bitcoin needs to reclaim the EMAs to resume bullish momentum. Until that happens, downside risk remains, particularly if RSI continues to trend lower. Traders should watch for any divergence in the RSI or a crossover of the 111-day EMA above the 150-day EMA as potential signals of trend reversal. For now, however, the bears are in control.
INDEX:BTCUSD
by ILL_Midas
BTCUSD Daily Outlook - Small Correction After the 64K Surge?GM crypto bro's, let’s start today’s market update with the Fear and Greed Index still in the neutral zone at 54, while the stoch RSI remains in the overbought area. BTC has risen quite high to the 64K range, so it's normal to expect a small correction today. The potential correction range is still the same as I mentioned in the previous updates, around 61K - 60K. In the crypto market, it's like sailing on the ocean—enjoy the beautiful waves and also brace for the storms. Keep in mind, the market is dynamic, don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
Bitcoin 9/23/241. 0 Fibonacci Level (support): The price has frequently touched the 0 level, indicating strong support. Notice that Bitcoin bounced off this level in late June and mid-August, showing resilience. This suggests that buyers step in heavily around these points, preventing further downward movement. 2. 1 Fibonacci Level (resistance): Similarly, Bitcoin hit the 1 Fibonacci level a few times, such as in mid-July and early September, where it faced resistance and failed to break through. This shows that sellers dominate when the price approaches these levels, which creates a ceiling for price action. 3. Range-bound movement: Between the 0 and 1 levels, Bitcoin has been mostly consolidating, swinging up and down without a clear breakout in either direction. This implies that the market is indecisive or accumulating, awaiting a trigger for the next big move. 4. Current price near resistance: As of now, Bitcoin is approaching the upper Fibonacci level (1), indicating the possibility of another pullback unless a breakout occurs. In conclusion, Bitcoin is trading within a defined range of 0 and 1 Fibonacci levels, with support near 0 and resistance at 1. If Bitcoin breaks above the 1 level, it could signal a bullish breakout; otherwise, a rejection could lead to a pullback.
INDEX:BTCUSD
by ILL_Midas
1