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Bitcoindaily

BTC Eyes 55K, Red Zone in Sight?GM crypto bro's, it seems the happy weekend is still far away 🗿 with BTC still at risk of another drop. This morning, the Fear and Greed Index is at 29 (Fear), finally moving up a bit after two days in Extreme Fear territory. The Stochastic RSI remains in the oversold area, but a slight uptick might begin tomorrow. From a price action perspective, BTC might test the nearest level at 55K. However, if it fails to break through, there’s a high chance of a deeper drop. The closest possible red zone is 50K - 48K, and if that breaks too, next station: BTC 44K 💀. Always hope for the best but prepare for the worst. Let's hope BTC doesn’t dump to 44K 🗿. As always, maintain your risk. That's it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
INDEX:BTCUSD
by x_Akki
BTCUSD DAILY CHART Thanks for reading, I earlier posted the bitcoin 1HR, 4HR & bullish Weekly cup n handle formation on Weekly chart. Here is the Daily timeframe. You can see the big green zone is a huge buy-order block but importantly at time of writing the current price is getting support right on the 200 EMA. I am thinking some bullish price-action returning to bitcoin & quite possibly this will start this coming Monday as I believe that the Gold price is a bit over-extended and over-bought. Some further reading, here is a piece taken from an article by bankrate.com written on 31 July 2024 & their analysis on Bitcoin. www.bankrate.com Be aware the article also talks of the possibility of a recession later in the year for the USA. "How interest rates have affected crypto and commodities markets: Two other major asset classes have had varied responses in the face of higher rates. While cryptocurrency prices plummeted along with other risky assets, many commodities spiked higher in early 2022, including oil, but many of those moves proved short-lived. With the rising Fed funds rate slowing and then pausing in 2023, both oil and crypto seem to have found some support. And now with lower rates in the offing, both have found an extra tailwind. Cryptocurrency has often been touted as a cure-all for what ails you, whether that’s inflation, low interest rates, lack of purchasing power, devaluation of the dollar and so on. Those positives were easy to believe in as long as crypto was rising, seemingly regardless of other assets. “The truth is that crypto prices have proven to be impacted by the same directional sentiment that impacts retail stock investors,” says Raju. “In general, high interest rates scare investors away from riskier investments like crypto, and the lowering of rates will be seen as a positive by the crypto investor community.” Indeed, cryptocurrencies responded to reduced liquidity as did other risky assets, by falling when the Fed announced in November 2021 its intention to raise rates and then throughout 2022 as the Fed aggressively followed through. On top of that, the blow-ups of cryptocurrencies and exchanges such as FTX hammered traders’ confidence in these virtual assets. But instability in the banking sector led many traders to bid up cryptocurrency, in the belief that the future path of rate increases would be less severe. And as 10-year Treasury rates peaked in October 2023 and then fell, riskier assets have risen, as the path to lower interest rates appeared clear. However, other factors are also at play in the rise of cryptocurrency over the past year. Spinelli points to the approval of spot Bitcoin ETFs as a notable driver of crypto prices. In early January, the SEC approved 11 asset managers to offer Bitcoin ETFs. The expectation of the approval helped the cryptocurrency finish 2023 strong, and then the inflows to the new ETFs powered the cryptocurrency to a new all-time high in March." My analysis is that stocks, commodities including precious metals and cryptocurrency will see bullish price-action over at least the next 2 to 3 months as the USA finally moves on a lowering of interest rates, my feeling is that assets will be overbought later in 2024 & there will be a bigger correction than normal, but I would not like to make commentary or even like to think that there will be a recession in the USA. One would like to think that a lowering of interest rates and 2 or 3 reductions by year end will have the desired positive outcome for and across the US economy. Cheers, Chris
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
Bitcoin Daily Chart View | OKXIDEASHello traders, Bitcoin is setting up for a both sided, if you interested in sell then you just need to wait for price to break the 50 simple moving average and also the 26940 level with the candle body not wick and if you interested in buy and you have your own reasons to buy bitcoin you just need confirmation then simply look for price to breakout the white wedge and also 30020 level after that you can buy bitcoin according to your own trading system or strategy. I am currently just waiting for price to break from any side, until that time there is no trade opportunity on bitcoin it is just ranging around 26000 to 30000 levels. Bitcoin day traders are well know that they can trade bitcoin on short-term time frame in ranging market. This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis. I wish you good luck in trading.
by TheLoserMan
Bitcoin Daily says we are going up up up Target - 26.8kThese indicators are telling me that we are moving up, this breakout looks very unsure of itself though. There is definitely alot of volume but it is not increasing like it should be. Probably because of the high RSI, a lot of players are getting ready to short. I think the price is going to up around 24.9 and then retrace back down to 23k so if you wanna take the ride to 28k, start keeping your eyes on for a good entry. Market sentiment in general is still very bearish, so I don't think that BTC has the power to break past 28k. So I am not saying the bottom is in just yet, the bulls are just making a statement and liquidating the bears because they are bored. The best chart to look at to get a solid idea of what is going on in any crypto market is its daily market, often when we trade on the 1m, 5m or even 15m charts they are heavily manipulated. That is why I am publishing this call; because I believe in it. The MMA lines on the Mac d are about to rise about the volume bars, the baseline is slightly above the conversion line, and there was a price breakout. The RSI is far from overbought so the bulls have a lot of room to move the BTC price up without any sell pressure.
Long
by CryptoBiddy
My Bitcoin Hopium for Today on the Daily ChartMy idea is if we hold today and don't go any lower, having already learned the news that Russia is and did invade Ukraine, then the principle of "buy the rumor and sell the news" is in play, only on the short side. In other words, people shorted when first hearing of Ukraine and now after knowing what Putin would do we had another move down and now my thought is there is in "Hopium's View," no more downside left. Anyone entering shorts now would be shorting the news rather than the rumor. With that being said I am hoping this is a new low which would mean we didn't hit the low of 1/21 and therefore "hopefully" put in a lower low and we can now look for a higher high of above 46. You can see my ideas of where highs and lows might be and the time it may take to get there.
COINBASE:BTCUSDLong
by MultiG8
BITCOIN 11 Jan Elliott Wave Analysis this is 4 hr time frame analysis for short term time period trading (likely intraday ) as we can see Bitcoin is in correction phase . Now we are in zigzag correction ( ABC ) phase ,where its making Web A with 5 sub wave . As you can see in chart currently we are making 4rt subwave of wave A which will go towards 38% of correction of subwaves whic is coming UP move in few session 42400, 43700, 45000 . Now elliott baba is observing Triangle pattern formation in 4rth wave which has completed ABCD wave and now set to move for E which will be 42400, 43700 station . Happy trading
BITSTAMP:BTCUSDLong
by Elliottbaba
BITCOIN daily chart update.. WTF?? Folks, Here is my daily update on the BTC chart on the daily chart... this morning I presented a 4 hour analysis and this is the daily chart.. I love Japanese candlestick pattern.. They have helped me so much and I study them quite some time but it is still difficult to fully embrace the meaning behind the bars.. So much psychology and that is the reason I love trading.. It is not for the money.. It is trying to get better and better everyday.. Analysis, studying, trade, fail, analyse what has gone wrong, journaling every trade and read many books on trading.. The goal is to become a professional trader in 3 years!! SO I have put the word out.. I hope you guys enjoy my analysis and that it helps you to take advantage and gain some control and direction.. But at the end never forget You can't know what is going to happen!!! Accept it and commit yourself to become a PROFESSIONAL LOSER.. Think about what I am trying to tell you here. Thumbs up if you do like the content and support by following this channel.. PS.. Which chart would you like me to analyse for you?? 1. start following me 2. comment which one you want to be analyzed.. Have a great trading day.. Cheers.. THE WINNING MINDSET.
by MoneyMakingMuro
1
$BTC - Maybe not, But a Warning that Bitcoin could get to 20kWhat would I do if I were an algorithm trying t take other people's money. Well, considering most people in this chat are extremely bullish at this price, I hate to be the bearer of bad news, but all the open Fair Value Gaps got me wondering "how much longer until it hits that Fair Value Gape near $20k...... so #SMT - Smart Monet Theory would suggest BTC would get as low as 20k. I've been saying this for a while but it was finally time to out it on a chart to show people. I personally got out at 57k and I have made some trades, but I'm not HODLING any unless there's 3% or more Staking for BTC somewhere, I think a few might have or lending which is good if you are going to hold them. I'm now. Bitcoin is not like a stock, it's a currency like forex. Anyway, everything is written on the chart, I would personally try to short BTC from now of the 4 entries mentioned down to the 20k take most off, put your stop loss at a good level and let the other shorts go in case it does end up going shorter. But I think staying below 20K was way too long snd now it'll just touch it. Could possibly drive everyone nuts by being between 20 and 25 for bout 6-8 weeks, but then we know that gotta be accumulation, I'd start checking the open interest and the volume of the Bitcoin Futures to see when we could see movement. Bitcoin futures show they added longs last week and we didn't see it go that way. Maybe We could be reaching d) on this chart. Well to everyone, good luck and good trading. BINANCEUS:BTCUSD BITSTAMP:BTCUSD btcusd BITFINEX:BTCUSD BITBAY:BTCUSD OANDA:BTCUSD PHEMEX:BTCUSD GEMINI:BTCUSD FTX:BTCUSD BITTREX:BTCUSD CURRENCYCOM:BTCUSD FX:BTCUSD CAPITALCOM:BTCUSD OKCOIN:BTCUSD KUCOIN:BTCUSDT POLONIEX:BTCUSDT HUOBI:BTCUSDT
COINBASE:BTCUSDShort
by BodiesXWix
1
[UPDATE BTC] Nobody is talking about this Bitcoin Chart! [PT.3]Here I am with a quick update to my previous analysis: With this analysis, I'm comparing the Bitcoin STANDARD LOG GROWTH CHART (above) with the Bitcoin / M1 SUPPLY and the Bitcoin / M2 supply charts (below) Thesis: - The BTC price didn't increase as we think. - The BTC price will increase x5 from now. Introduction: During the pandemic period, M1 and M2 grew exponentially. It's important to highlight this macroeconomic pump and adjusts the crypto market price accordingly. Data: - if we consider the M1 supply, we are still below the all-time high of the 2017 BTC cycle (see the M1 chart) - if we consider the M2 supply, we re-tested and bounced back from the all-time high of the 2017 BTC cycle (see the M2 chart) Therefore, the BTC price did not increase as we think. Forecast: First of all, we are experiencing great support and a confluence of indicators and lines. We are in a super good position right now. - Scenario 1 (orange): we gradually go up and we reach approx. 88k$ at the end of Sept 2021. Then we go back to the re-test the 50-60k ranges until the end of the year. BTC reaches the top in the middle of 2022: 180k$-200k$. These prices are perfectly in line with a lot of resistances and the timeline matches the log growth. - Scenario 2 (violet): we go up and down and we don't surpass the 48-50k$ prices until the end of Nov 2021. From the Dec 2021, we skyrocket. BTC reaches the top in the middle of 2022: 180k$-200k$. These prices are perfectly in line with a lot of resistances and the timeline matches the log growth. Therefore, the BTC price did not increase as we think. What do you guys think?
BNC:BLXLong
by Homocryptus
2
BTCUSDT Daily Analyze / 21 Apr 2021Hi dear followers, We are here with Bitcoin's first daily analysis As you can see after Bitcoin's 18 April dump which price opens at 60000$ and falls up to 50931$ (In Binance Exchange), Two others daily candles 19 and 20 April closed above 55k. Case with more probability: According to this we expect to see next day movements to see touching 60K again in 21 April's candle (today) Case with lower probability: On the other hand if 21 April's candle closes under dynamic support (yellow trend line), We will consider 50K support as next target level We will publish daily Bitcoin's analysis candle by candle Follow us to stay informed We will be grateful if you press like button and comment you idea
by ATcryptoo
Today's Bitcoin Update | 15MBitcoin Update Yesterday I told you that I expecting upside BO and we did see higher prices. Today we have gap up opening and with another leg up. So expecting a Bull Trending Day again. Since the open strength is good. Price is staying above the EMA and which is a good sign. Currently, There is a chance of testing the Breakout, Yesterday's High and EMA test. Price is struggling at Today's High currently, so the test to EMA, 36400 is expected. Might take a buy from that point but needs to get there first. In scenario of weakening of Bull trend till the end of day then we might test the Open of the Day as Support, 3505. Currently Wait to Long, Price might go sideways testing 36400. Scalp Inside the Trading Range (Sideways). Add onto you position if price breaks Today's High again.
by Good_Trading_Calls
Bitcoin still neutral into this simetric triangle; but like bearSo, I consider that Bitcoin is in the volatile and warning zone that Bitcoin still it above of $13,000 USD. But, if you're not prepare, we would need to see in weekly timeframe and right now, we see in the highly zone that obviously we would need to make a correction toward the $12,400 USD as I say you. Once that Bitcoin it's going with the parabolic up, Bitcoin would need a descense of the price to steady between the supply and demand!!! I do not trade Bitcoin until I see a movement, so Bitcoin is neutral!!!. But in weekly, I hope that pass it in my model of my chart. We could see a possible correction, in Daily we see a bearsh candlestick and the yesterday, the candlestick closed up with a indecision form. That could be a possible correction, also that in 2 ocassion we see a drop!!!
COINBASE:BTCUSD
by harisonhbn9718
XBTUSD: Daily Analysis XBTUSD stopped its rally today after rejection at resistance and is now trading below $9000. Levels I see: $8900 - $9300 for resistance and $8650 - 8500 for the support. XBT could continue correcting lower to $8400, so I prefer to wait here and watch. After a new range will be established I will be looking for entry points for longs. Overall trend is still definitely bullish for me, even $8000 retest(purple line) will be fine. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
BITMEX:BTCUSD.PLong
by Bitduke
Bitcoin Price Prediction: BTC/USD consolidates below $9,500 BTC/USD fell from $9,504.50 to $9,333.85 this Friday. The daily TradingView shows two strong resistance levels at $9,545 and $9,600. BTC/USD bulls took control of the market this Saturday as the price rose from $9,339.65 to $9,423.17. This follows a bearish Friday, wherein BTC/USD fell from $9,504.50 to $9,333.85, as the price consolidated below the $9,500 level. The daily confluence detector shows two strong resistance on the upside at $9,545 and $9,600. $9,600 has the Previous Month high and the Previous Week high. $9,545 has the one-day Previous High, one-day and 4-hour Bollinger Bands. On the downside, the $9,300 support level has the SMA 5, 4-hour Previous Low and one-day Fibonacci 23.6% retracement level. Because now a days Crypto market get back to the level when it was in 2017. Because many scam projects has destroyed multiple potential projects. But now a days people has ability to know which project is better. Now a days 2local a project of The Neitherlands focusing on local people and having high challange for banks. Because they have quite amazing feature. Where you can find from their official website. Website: 2local and their whitepaper . When these project came to the market. Bitcoin price can even pump to 15000 USD to 21000 USD.
COINBASE:BTCUSD
by TradingExpert02
2
20 Sep - 383 USD profit to bitcoin holders - Matrix-Coin SaysBitcoin is still a smooth and good profit to the short type of investment to holders. Because the two senerio repeating once again. The price is likely going to 10600 USD+ . On 20 Sep their confirmed 383 profit to bitcoin holders. Matrix-coins says in their recent article. Matrix-coin predicted last time it came true prediction, therefore, they are predicting once again. Because they are launching their own project. 100% looking at the market price. So they are doing their private sale. I would like to say we should support matrix-coin . Because it is based on their own blockchain. They are using Blockchain X11 and minable coin. Listed on few good exchanges these days deposits and with drawal will be open on 2 sep. Stay in touch with Matrix-Coin. Project Website: Matrix-coin
BITSTAMP:BTCUSDShort
by TradingExpert02
BTC - DUMP 9600 - PUMP 11092 USD - 16 - 19 August Bitcoin is going to dump once again to 9600 USD soon. But the recovery is going to stop on 11092 USD because the market of BTC in upcoming is very good as the analysis by 3 good projects. Meterqubes , Matrix-Coin , and Pieta . These projects are in the stages of IEO and they have a proper analysis of the price of Crypto Currencies. As we know that recently Matrix-Coin said that the price is stable so yes the price is stable because of 11092 USD to 10500 USD. While Pieta is saying that the market will be closed and the next big dump is after 17000 USD which is going to be in November while the price pump at the end of August and boom the market. So it's a better opportunity to hold bitcoin or buy bitcoins. While the last prediction by Meterqubes is different from both these projects. Because they said we are playing with the algo system and our experts we have hired they worked in Forex and CryptoCurrencies together and they have experienced for 12 years in prediction they are in a market available for a price. So the bitcoin is going to be 25000 USD at the end of November while the dump can happen at the end of December due to Christmas. Because everybody will sell around dec. So those people who are keeping their hearts smaller for lose so they will sell it too. So we can see the price at the end of December might be 15000 USD. But the market is too high nowadays many countries like China, India, and Pakistan opened the market for Crypto so this is a big chance to become great. Stay tuned with us. Meterqubes (Decentralized Exchange) Matrix-Coin (Dapps for Crypto and different platforms for Crypto) Pieta (Mining platform)
COINBASE:BTCUSD
by TradingExpert02
1
BTC - PRICE STABLE - 10000 USD - Last Update 2019As we have seen that the price is stuck at the same price as it dumps last time. Now there is still a chance the price can be drop. Because we have recently interview with most professional experts in the blockchain. Alaa Mekki from Matrix-Coin . They said that the price is stuck on the same history as it was happened last year from 6000 USD to 5000 USD for a month. It is the same scenario that is happening again. So I believe that the price can be on the end of Sep will be less than 7000 USD and we can see the pump at the beginning of 2020 because a lot of countries are looking for huge businesses and their also scenario that European people are hiding a lot of amount in BTC. So there is a possibility that BTC can be more than 21000 USD. Because we can't say that the BTC price will be in millions because if someone made promises about BTC that it will reach to 50.000 USD so this is completely like there is no concept of 50000 USD as far as we see. He also mentioned that we have opened our mining blockchain coin. Matrix-Coin . We have seen everything in a deep market we know how to secure and how to make the price better because we are working with some companies who are willing to accept. Which will be ann soon on the market. So stay tuned with us. We will update you more.
COINBASE:BTCUSD
by TradingExpert02