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Bitcoindollar

Bitcoin hits new all-time high amid U.S. elections!Yesterday, November 6, 2024, the U.S. presidential election results were announced, and the race was won by Donald Trump, a strong advocate for cryptocurrency! During his campaign, on September 18, 2024, the current U.S. leader made a bold move toward the digital asset community by treating supporters to burgers at PubKey in New York, paid for in Bitcoin. During the voting and after the results were announced, Bitcoin (BTCUSD) demonstrated a rapid surge. Starting around $68,000, Bitcoin broke past $76,000, hitting a historical peak and posting an impressive 12% gain within just 24 hours! In addition to the support from the leader of one of the world’s top nations, cryptocurrency has plenty more cards up its sleeve. Key growth factors and expert insights: Institutional investor interest: Major corporations and institutional investors continue to increase their Bitcoin investments, supporting high demand and limited supply in the market. For example, well-known company MicroStrategy (#MSTR) acquired 5,445 BTC for $150 million from August through late September! Rising demand amid economic uncertainty: With inflation on the rise, geopolitical instability, and volatility in traditional markets, investors are seeking more stable assets. Bitcoin, alongside gold (XAUUSD), is becoming a preferred choice for capital preservation. Expectations of U.S. Fed policy easing: With potential interest rate cuts on the horizon, interest in cryptocurrencies as alternative assets is increasing. Experts estimate an 87% probability of a rate cut at the next meeting, creating additional incentives for investing in BTC and other crypto assets. Positive analyst forecasts: The projected minimum Bitcoin price in January 2025 is $71,468, with an average of $78,168 and a maximum of $80,402. By December, these figures are expected to rise to $106,235, $109,213, and $124,937, respectively. Growth is anticipated to remain steady, without declines or corrections, throughout the year. On September 19, 2024, FreshForex analysts highlighted the undeniable growth drivers for the entire crypto sector. With Trump at the helm of the U.S., crypto growth is practically inevitable! Don’t miss your chance!
BINANCE:BTCUSDLong
by Fresh-Forexcast2004
BTC Diamond FormationMost everything is in the chart for now and anyone knows if BTC will push down 1 more time before a big rally or go up straight. we can see that we could form a Diamond Figure (Pink) to 0.618fibo i don't show indicators but i can say : Monthly chart show clearly that we are still going down. Weekly chart have indecision on indicators. Daily chart have inverted indicators. we have 3 clear resistances formed by EMAS to breakout : EMA 50 ---- 7200 EMA 100 ---- 7600 EMA 200 ---- 8000 possibilities after breakout : 1. we could fly to 9000 (DIamond Finished + 0.618 FIBO ) 2. we could fly to 8400 possibilities with Rejection : 3. we could retrace one more time to 3700 before a new push. ( Traditional Support ) My advice for now is to wait as spectator and wait for a dip or a breakout. Happy Tr4Ding & Stay Safe !
by thecryer
21
Bitcoin Faces MA200 Resistance: Is a Deeper Downtrend Ahead?This analysis examines Bitcoin's recent price movements on a daily timeframe. The MA200 (200-day moving average) has now been established as resistance; this comes after a failed breakout attempt in September. Recently, Bitcoin tried to surge above the MA200, however, it fell short, concluding the session with a pronounced negative candle, which signifies bearish momentum. I wish to emphasize a short-term lower high (this could indicate) that Bitcoin will probably keep trending downward shortly. Although the market remains volatile, the current indicators suggest continuing this trend, because traders are wary.
INDEX:BTCUSDShort
by Elysian_Mind
Crypto's Bullish Talk, Bearish Trades: A Swarm Intelligence AlgoHello, Artificial Swarm Intelligence I wrote an Artificial Swarm Intelligence algorithm to run on popular prediction platforms, and Swarm AI reported more than 80% of traders believe in a BTC crash. That's strange because the same algorithm on social media wrote that BTC was a trending topic. Everybody talks about Satoshi Nakamoto, and these talks often diverge into bullish ideas about BTC. According to the swarm, people claim to believe in a bullish outcome for BTC, but they trade to expect a bearish future. I leave the conclusion to you. Who to believe, what people say, or what people trade? And will people lose, or will they make a self-fulfilling prophecy? Technical Analytics Technically, MACD demonstrated bearish power until 05 August and slightly weakening bullish momentum by 28 September. At the moment, however, both sides seem powerful. Since 01 October, there's been a bearish cross on MACD, but recently, bears haven't picked up the momentum. Conclusion I'd wait until one of the sides starts to exhaust itself before making a trade. The setup suggests possible targets in the white zone, but also that the market can become volatile. If I traded now, I'd use strict stop losses. Regards, Ely
BITSTAMP:BTCUSDShort
by Elysian_Mind
BTC - Daily, a Pullback before the bullish rallyI’m bullish on BINANCE:BTCUSDT for the higher timeframes and expect a new all-time high (ATH) by late 2024 or early 2025. However, in the short term, my strategy signals a potential pullback. I’ll take a short at the $66K zone and look to add to my crypto assets if the price drops to the $60K zone again, just like in my previous trades. This could be a great scalp opportunity while still preparing for the longer-term rally.
Short
by Sober_Trading
1
Bitcoin Counter WickoffEverything is in Graph. if you don't know about Wickoff Strategy, i invite you to DYOR it. - i will try to explain you how to counter Whales/institutionals as small retails investors - of course this method can be adjusted with your portofolio, i just made it very simple to make peoples understand how to invest wisely. - This Chart is based on the Money you don't need for living! - if you use this method correctly and adapt it to your portofolio, you will always restart a new cycle with more money. - if you look at the chart closely, you will understand that i didn't use higher points to take profits and keep always 10,000$ in Market, so this chart is based on human mistakes and not much greed. ----------------------------------------------------------------------------------------------------------------------------- - in this method we starts with 10,000$ invest as exemple. - Take profits 2 Times, keep base investment in market ( because we don't know the real potential Top ). ----------------------------------------------------------------------------------------------------------------------------- - The Second Phase is waiting for the Dip and buying back - Re-inject Money 3 Times in the Dip and Wait for market recovery phase ( because we don't know the real potential Bottom ) ----------------------------------------------------------------------------------------------------------------------------- - if the bottom was a mistake and BTC fall down more. - just invest slowly what you don't need for living and be patient, BTC is fundamentally poised to go up. ----------------------------------------------------------------------------------------------------------------------------- - This method can be done with 10$ - 100$ - 1000$, no matter money because everything is based % invest and Time. - Remember that your management is the most important, if you don't manage your money correctly, Tears will come. "You have to believe that you are the one who creates your success and also that you are the one who creates your mediocrity". Happy Tr4Ding !
by thecryer
4
Bitcoin USD Dollar AnalysisIn the following chart on BTCUSD I'm trying to visually breakdown and identify certain emotional patterns that triggered break-outs. These patterns turn from resistance into support and seem to somewhat repeat. Could we see a similar H&S structure on this current local top? I'm no fortune teller, but with a good risk-management and strategically put positions we can trade the speculation in a high reward opportunities. May the trades be with you, TheTrex.
BITMEX:BTCUSD.P
by TheTrex
1
BITCOIN ASO- ASO means " Average Sentiment Oscillator ". - This indicator can be used on Cryptos, Stocks, Forex. - it's better to use it on a large TF to take out the noise. - The deal with ASO is : it's very simple... - The trend is up when the blue ASO oscillator line crosses the red line upward. - The trend is down when the red ASO oscillator line crosses the blue line upward. - There's a period of time for the bears. - There's a period of time for the bulls. - Now the bulls are coming, just a matter of time. Happy Tr4Ding !
BNC:BLXLong
by thecryer
5
BTCUSD (Bitcoin vs United States Dollars USD) Shorting Chance Technical Analysis: There are several signaling settings that indicate a shorting bias. These include: 1. Bearish Divergence of Price with MACD: Bearish divergence occurs when the price of an asset forms higher highs while the MACD (Moving Average Convergence Divergence) indicator forms lower highs. This pattern indicates a potential reversal in the prevailing trend and signifies a bearish bias in the market. 2. Abundant Fibonacci Confluence Levels and Pivot Points between Bullish and Bearish Cycles: This refers to the occurrence of multiple Fibonacci retracement and extension levels aligning with key pivot points in the price action. These confluences indicate areas of potential resistance, strengthening the bearish bias. 3. Candle Triangle Pattern with a Significant False Break: This pattern occurs when the price forms a series of lower highs and higher lows, creating a triangle shape. A significant false break happens when the price briefly breaks out of the triangle pattern but quickly reverses back within it. This false break suggests a potential reversal and supports a shorting bias.
Short
by BitonGroup
2
Bitcoin's - not so - Unexpected Rally: Two Patterns, Two TradesDear Esteemed TV Members, B efore diving into the Bitcoin price analysis, it's crucial to emphasize that price alone doesn't tell the whole story. A bullish price forecast doesn't automatically translate into a secure investment. I want to clarify that I recently sold most of my BTC holdings due to liquidity concerns. The crypto market can be unpredictable, and a substantial increase in demand, which we witnessed, can lead to liquidity challenges. It's essential to consider various factors when making investment decisions. Let me share my insights into BTC's price and what indicators hinted at the recent developments on the chart. T he two positions on the chart are the pattern indications we'll focus on in this tutorial. I'll highlight two patterns that foretold BTC's bullish trajectory, but please note that other patterns and indicators could have pointed in the same direction. These are just two examples that caught my attention. Rounding Bottom L et's start with the first position, a trade from October 14th to October 24th, aptly named the Rounding Bottom. As the name suggests, this pattern resembles the lower half of a circle or an oval. Rounding Bottoms typically emerge after extended bearish trends. In bearish trends, bearish candles tend to outweigh the bullish ones, leading to increased volatility. The heightened volatility often results in corrective bullish candles that might surprise inexperienced investors. Many people mistake these bullish candles for a full reversal or overextend their positions. However, it's essential to remember that strong trends, whether bullish or bearish, can be quite volatile. S trong trends also tend to form bottom formations. While these bottoms can take various shapes, the Rounding Bottom is the focus here. One insight to observe is the decreasing candle sizes. After October 11th, the volatility decreased, leading to both smaller bearish and bullish candles. It indicates a change in the trend, though not necessarily a bullish one. A nother critical aspect to consider is decreasing volume. Reduced volume doesn't automatically signify a reversal. Bottom formations can include scenarios where the volume spikes before a sharp price increase. However, the decreasing volume in this context indicated a shift. I n addition to reduced volatility and volume, the candles started to form the characteristic oval structure. The price also stabilized on multiple Exponential Moving Averages (EMAs). To identify the pattern as a Rounding Bottom, I had to monitor the candles for a few more days, relying on not only their appearance but also considering volatility, volume, liquidation data, and EMA analytics. T he Rounding Bottom aligning with these indicators provided a degree of confidence in its bullish nature. However, the job was far from done. My initial target price was set based on a resistance trendline drawn from previous local tops, depicted on the chart in purple. AI analysis indicated that the price was likely to reach at least this level. Indeed, it did, and while the rally could have concluded there, the absence of clear top formations and the price stabilizing above EMAs 20, 50, 100, and 200 prompted me to keep the long position until October 24th. Broadening Wedge D uring this period, my pattern recognition algorithm identified a signal of a different formation between October 24th and 27th, a Broadening Wedge. Now, a different formation doesn't necessarily signify a reversal. Broadening Wedges often indicate an escalation of the existing trend, which, after the Rounding Bottom, had been bullish. This aligns with the general behavior expected in textbook examples. B etween these two long positions, there's a notable period where I refrained from taking a position. I also closed any existing positions due to the limited number of candles to identify any pattern with confidence. It's important to note that the more time you can observe a pattern forming, the higher the probability of getting it right. Jumping to conclusions based on just a few candles might lead to incorrect assessments. I n both the Rounding Bottom and Broadening Wedge, I excluded numerous other patterns. When analyzing the market, it's vital to exclude multiple possibilities before settling on a particular pattern. This increases the chances of accurately identifying the pattern in question. T his tutorial offers insights into pattern recognition, target price setting, and stop loss selection. However, remember that these are potential approaches to expand your understanding. Historical results don't guarantee future results. While these patterns proved helpful in this instance, other investors might have identified different patterns leading to similar or even better outcomes. "Too long to read, but I want to learn" tl;dr I found a Rounding Bottom, then a Broadening Wedge. Rounding Bottom shifted the trend from bearish to bullish, and Broadening Wedge continued the bullish trend. It's only a short-term insight from the past and doesn't necessarily reflect my long-term view about the asset or any future view. Kind Regards, Ely
BITSTAMP:BTCUSD
by Elysian_Mind
Stages of a Downtrend: Insights from AI AnalysisDear Respected Members of the TradingView Community, I start with some straightforward insights. I've executed significant crypto sales this month. However, my decision was not because of any pre-established forecasts. The motivation behind my decision to part with cryptocurrencies like BTC was primarily due to liquidity challenges. I found it increasingly difficult to execute orders without impacting the market by moving prices, widening spreads, or settling for unfavorable market orders. Often, I had to exercise more patience than desired while waiting for the fulfillment of my limit orders. Eventually, when suitable over-the-counter (OTC) opportunities presented themselves, I decided to divest from these challenging assets. It's important to note that this decision was independent of price predictions. Y ou can consider various factors beyond price movement for an investment choice. Factors such as trading volume, liquidity, spreads, and transaction fees can add value to your decision-making process. The focus points of this discussion are price forecasts, where trading volume is one of the influential variables. F or those of you who have been tracking the trading volume candles from December 20, 2020, to the present, you may have observed a consistent decline in trading volume. Deep Neural Networks (DNN) tend to associate this declining volume with a waning interest in BTC-USD. While the overall trend for BTC has been bullish since November 14, 2022, DNN suggests that this rising trend could be a retracement within a broader bearish development that began on November 15, 2021. The significance of understanding the trend lies in assessing the risk-reward ratio. Generally, positions aligned with the prevailing trend offer a more favorable risk-reward ratio. An adaptive DNN model can add more than programmed indicators as it can adapt to changing market conditions and provide certainty metrics regarding potential trends. A s per my adaptive DNN analysis, there is a 70% probability that the bearish trend will persist, compared to a 30% probability for a bullish trend. However, market dynamics are influenced by multiple trends, each exerting varying degrees of impact at different times. Fuzzy Logic Trading (FLT) reveals that factors associated with the bearish trend currently hold a 60% influence on BTC-USD, with bullish parameters contributing 40%. Probabilities offer insights into potential future scenarios, while membership degrees provide a more nuanced perspective on the actual forces at play within a given scenario. A t present, the price of Bitcoin is approaching a juncture defined by multiple trendlines that may serve as resistance levels. One of these resistance lines previously served as a support level for local bottoms on January 2, 2023, March 13, 2023, and June 12, 2023. However, since Bitcoin breached this support line, it may have transitioned into a resistance line. It is just one example of a trendline that could act as a barrier, given the broader horizontal resistance zone extending between $38,000 and $32,000. A nother notable resistance line within this zone is the trendline connecting the peaks of the bullish retracement tail on April 10, 2023, July 3, 2023, and the present. These examples illustrate the potential resistance trendlines, with the entire zone representing a supply margin where additional barriers may exist. It's worth noting that bullish trends can possess the strength to break through resistance trendlines or zones, transforming them into support trendlines and demand zones. W hile an AI-driven analysis suggests a 30% probability of a continuing bullish trend, the market exhibits a 40% bullish influence from external factors such as news and prominent opinions, as determined by my Natural Language Processing (NLP) algorithm and mathematical tools from FLT. Should the BTC price establish a demand zone and initiate an upward trajectory from the support trendlines, the market could witness new local highs, potentially surmounting at least one of the aforementioned resistance trendlines within the supply zone. While this scenario does not guarantee a parabolic surge, it remains a possibility. O n one hand, optimistic investor sentiment could potentially transform even the sharply rising resistance trendline into a support level, as indicated by the blue forecast in the chart. On the other hand, a 70% probability of a continuing bearish trend, as suggested by dynamic DNN, and a 60% bearish influence per FLT, even in the presence of a bullish trend, implies a degree of caution. I n Finance, the path to profit is often a winding road, with ups and downs that can confound even the most seasoned investors. While many market participants tend to focus on bullish scenarios, it's essential to understand the various stages of a downtrend. Let's explore these phases and gain some insights from artificial intelligence. Every significant downtrend begins with a subtle sign – a warning of what's to come. Unfortunately, this early signal is soft while the bullish sentiment prevails. This initial warning is crucial for astute investors who pay attention to the nuances of the market. As the uptrend falters and inevitably fails, it becomes evident that the market is in a state of decline. This point often lures individuals into considering an all-in strategy, driven by the conviction that "It always goes back up." This misguided belief can lead to significant losses. Following the decline, there's typically a rally, which sometimes recovers a significant percentage from the previous drop. This rally can be deceptive, luring investors believing that a new bullish trend is underway. However, it's crucial to exercise caution and not be swayed solely by short-term gains. Tragically, the anticipated bullish trend often turns out to be a trap, leading to a prolonged and persistent downtrend. This phase can be particularly challenging for investors who have been misled by the allure of the initial rally. M oreover, artificial intelligence has made significant strides in the field of market analysis. By employing Dimensionality Reduction (DR) techniques, AI can detect potential bearish butterfly patterns on full-timeframe BTC charts available through pricing engines. Additionally, AI has identified the presence of a bearish Head and Shoulders pattern in the yearly timeframe of 2023. It's important to bear in mind that patterns are essentially estimations of probabilities and potential volatility structures. Any pattern can break in either an upward or downward direction, signaling either a bullish or bearish scenario, respectively. E xamining the Relative Strength Index (RSI) and the spread between the price and Exponential Moving Average (EMA) 20 reveals that they currently fall within a historically and statistically oversold range. Additionally, there is a lack of confirmation for breaching any of the aforementioned resistance lines, let alone the supply zone itself. I n summary, a scalping strategy within the supply zone from the upper trendline to the lower boundary, as depicted in the short position on the chart, could be considered. If the bearish trend persists, other strategies may extend this short position beyond the resistance zone, potentially reaching the EMA 200 at around $25,000, where Bitcoin could encounter an underlying demand zone and various support trendlines. I t's essential to remember that trading decisions should not be solely based on price forecasts. The cryptocurrency market is influenced by various factors, and price is just one of them. This is not intended as investment advice. I encourage you to conduct your research and take full responsibility for your funds. Past performance does not guarantee future results. I n conclusion, understanding the stages of a downtrend is vital for any investor seeking to navigate the complexities of financial markets. Additionally, the integration of AI analysis can provide valuable insights, enhancing our ability to make informed decisions in the ever-evolving world of finance. Remember that no prediction is foolproof, and prudent risk management remains essential in the world of investment. Warm regards, Ely
BITSTAMP:BTCUSDShort
by Elysian_Mind
2