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Bitcoin to $100KOverview Bitcoin is the best litmus test for the crypto market. Whenever I can't get a read on a particular token, I refer back to Bitcoin. After reviewing the chart I believe Bitcoin is on route to $100K. Honestly, I wouldn't be surprised if it rockets pass this price and hits the next key Fibonacci level around $150K but that is months down the line. For now I'd like to stick with a March '24 prediction. Trading Patterns Bitcoin appears to be setting up for an Inverse Head & Shoulders or a Cup & Handle pattern. While both are bullish signals it does imply there will be a temporary dip in the price before further buying volume ensues and takes it to new highs. Scenario 1 (Inverse H&S) An Inverse H&S could result in a correction back to $35K-42K if it comes to fruition. Scenario 2 (Cup & Handle) A Cup & Handle could result in a correction to the same range with a more likely price target near 42K. Supporting Theory You may be wondering what the white vertical line is in both of the trading pattern scenarios. It marks the next FOMC meeting which occurs on 19-20 March 2024. I believe a significant correction is going to occur within the equity market following this meeting and while its timing in relation to the development of these trading patterns could be coincidental, I believe it supports the idea that the crypto market may also experience a drawback. Now I think it goes without saying that I don't believe these corrections will be a market reversal back into a crypto winter. I just believe the FOMC is going to finally make changes regarding the Fed Rates and that, when it does, regardless of whether they are increased or decreased the large investors are going to withdraw for two reasons: 1) Realize profits 2) To get a feel for the direction of the market moving forward Once the second condition has taken place then I believe both the equity and crypto markets will continue their rallies as the "whales" reinsert their liquidity. March Price Prediction Everything aside, I believe Bitcoin will continue to grow for the next week or two. While there is not much room left before the prior trading patterns would need to see a correction, I believe that Bitcoin could reach 69K before the next FOMC meeting.
COINBASE:BTCUSDLong
by Shepherd_Investor
1
BITCOIN - March Highier Timeframe Breakdown - 01/03/24'Hello everyone, lets jump in.. So bellow you can find screenshots, with every relevant timeframe to be looked at, to make a better educated guess at least in my opinion. First of all, I need to say, that this Idea DO NOT have to play out immediately, IF ALL! BUT Since Highest Timeframe we operating with is 3Month, there is still like 60Days window in which this CAN play out. 3M 2M 1M 15D 10D 5D So this Whole IDEA, is Based on 3M candle/timeframe (basically quarter outlook), which still follow my Q1+FED outlook as next.. --> In which I ment there is higher chance of continuing Higher with time UNTIL FED start cutting Interest Rates... and in the mean time we Rallied.. BUT since we are reached Price targets close to ATHs' I think is needed to be even more carefull.. and this due to --> If we take a look at 3M chart, we can see that prior times in History, when we reached Closing price of 3M candle, IT WAS THE TIME WHEN WE PEAKED WITH PRICE FOR PROLONGED PERIOD OF TIME. (And we already did it!) but there is still almost 2month to next FED meeting.. So Main Question is IF we will go Above ATHs' in this period of time, or We will follow what happend prior Cycles and thats correction... AND My honest answer is that I DONT KNOW, BUT if I HAVE TO pick one, I REMAIN EXTREMLY CAUTIOUS, since Right Now I see this more as "fake bull market" BECAUSE , and this "Because" have two aspects- Micro/Macro economy and then what Charts are saying.. Firstly, if we check out Charts, we can see on EVERY SINGLE ONE, that we reached with Closing Price close to where ATHs Closes are, BUT we dont Close above them.. Which In my understanding of Market Increasing chances for revisiting Lower prices "when correct time come" BUT, in the meanwhile, there is still "TREND" which I would say is still "bullish" and for that Reason we can "be trying" to reach or break ATH.. and only "time shows and chart tell" if we will go there.. BUT , as I ment.. there is other factor and thats.. Micro/Macro economy outlook at things, And I would say.. "ITS NOT THE BEST ONE"! --> Inflation is STILL HIGH (due to FED) and it looks like it slowly starting to elevate again, Unemployment is STILL relative close to all time Lows, and Interest Rates are STILL HIGH.. on top of that, from last reports it looks like economy start Slowing down a little bit BUT Markets still looks like "they dont care". Which In my opinion is BIG Mistake, and for that reason, Im trying to evaluate things on Daily basis when New Important Market/Economy News happen.. especially, in time "Where people believe only way of going is Highier!"... AND THATS BECAUSE - if we again, come back to our 3M chart, we can see there is 30D left on it.. and in those 30days market can change a LOT, AND We already reached price where In history was our "turning point" chart wise.. So, in my opinion, being a buyer right now is more risky then being seller.. , but I still label this IDEA as Neutral, since there is still lot of time remaining for Price to behave irational. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading
Shorting Bitcoin at $62,000Bitcoin bears have been getting wrecked for the past few months, but I think Bitcoin is finally forming a peak here. I'm willing to take my chances and will exit my trade if BTC continues to show bullishness above $64k. So far this week Bitcoin has increased by GETTEX:14K in just 3 days. I shorted at $62k, the price is now above my entry at around $62.9k. I'm comfortable leaving my shorts opened as long as Bitcoin doesn't continue climbing above $63.9k. Ideally I would like to see a strong move down over the next few days. For now I'm still leaving my shorts opened and will see how things are trending later BTC had a rejection near $63.9k and is starting to show some weakness here. I'll give another update later today to see how things are looking. Yesterday I emphasized that the the $61,561 price level is a key price level to monitor, and this remains as my key price level today as well. BTC is trying to find support here and ideally I would like to see a failed support that leads to a drop down lower.
BITSTAMP:BTCUSDShort
by realchartchamp
Bitcoin to hit the All Time High.Hello Traders, Welcome to the latest update on Bitcoin in the daily timeframe. From $50k, BTC has surged to GETTEX:64K , marking a 27% rally over the past 6 days. The daily close at $62.4k indicates a step forward towards the possibility of BTC hitting its all-time high (ATH). Moving forward, BTC faces the first layer of resistance between $64.8k and $65k. A successful break and close above this level, whether in the daily or weekly timeframe, could pave the way for BTC to target its ATH at $69k. While many have been anticipating a market correction, it has yet to materialize. Does this mean we are at the peak of the correction? It's uncertain. However, whether BTC reaches its ATH or establishes a new one, a correction appears imminent. It could occur either before or after the halving, but it's on the horizon. That's all for now. Thank you for reading. Regards, Team Dexter
by Dexter_The_Trader
BITCOIN $BTCUSD - Feb. 13th, 2024BUY/LONG ZONE (GREEN): $46860 - $56275 DO NOT TRADE/DNT ZONE (WHITE): $42580 - $46860 SELL/SHORT ZONE (RED): $35550 - $42580 Overall the market has a bullish sentiment, price has recently broken above my previous buy zone so I decided to rechart new areas that I would look to enter at. Levels and zones are drawn from the daily and weekly timeframes. I threw a few of the recent events around structure that I would look directly towards for new information on where price is headed and around where to enter. There is a lot more ideas on a lot more timeframes, but this is what I immediately look towards. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
BITSTAMP:BTCUSDLong
by TonyAiello
BITCOIN - 27/02/24' - Weekly Update Hello everyone, hope you guys doing great.. Firstly I would like to adress something from *Last update*, since some of you may been confused.. When I ment in update, that I expecting *Bearish Sentiment for 0-48hours* - IT MEAN, I EXPECT BEARISH SENTIMENT FOR 0-48 - Not for 5D, Week, Month etc.. and as far as Im concern, thats exactly what happend, before market continued remaining bullish to this day.. Secondly, since is close to end of month, and I would like to break down Market from Top to Bottom, I decided to wait With Update till Friday, when Monthly and other Highier time frame candles will close.. Meanwhile, I would just like to point out THAT --> Previously, when we reached closing price of 3M candle(either went slightly above or under), both times after that in upcoming days to weeks to MONTHs, we got some type of correction.. I will get deeper to it Friday... Until then, be carefull guys, and dont forget to use PROTECTION while you wildin out there ^^ Joe
INDEX:BTCUSD
by cryptocapitaltrading
BITCOIN is creating a potential Cup & Handle formation.BTC is currently, potentially creating a smaller Cup & Handle formation. (In white) And, a potentially larger Cup & Handle formation. (In Blue) Bitcoin has been on an absolute tear the past few days, and these formations could come into play down the road if price action continues to fill them out. Whether it will be the smaller (White) Cup & Handle, the larger (Blue), or a Cup & Handle pattern at all remains to be seen, but will become clearer in the coming weeks/months. These formations are speculation at this point, but I just wanted to point out the potential for each to occur down the road if the current trend continues. Good luck, and always use a stop loss.
Long
by MetaShackle
btcusdtHey Bitcoin Fam! 🚀 Check out our latest update on Bitcoin - we're seeing a chance for +18% gain! Right now, Bitcoin is a Sideways Ranging pattern, and we've spotted a small selling zone at $52,000 (just the last high). The big picture is shouting "buying opportunity!" Our nalysis predicts Bitcoin cruising to these targets: First Target: $52,000 Second Target: $54,000 Third Target: $60,000 Quick heads up: Our analysis is all about education. Trust your own market vibes and trade with your proper knowledge. We're all about sharing the knowledge for free. Happy trading, and let those gains roll in! 🌟💰
INDEX:BTCUSDLong
by oraclpips
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BITSTAMP:BTCUSDShort
by TrojanBible
8
BTC pain is next Alright, listen up, folks. I know things might seem rocky right now in the world of BTC, but let me tell you something – this is not the time to panic. Sure, there might be a correction looming on the horizon, but that doesn't mean it's the end of the world. In fact, it's far from it. Think about it. The big boys, the whales, they've been in this game for a while. They know how to navigate these waters, and they're already sitting pretty with their profits, probably even leveraging their positions. But what about us? Are we going to let fear dictate our actions? No way. This is our time to shine. This is our opportunity to show resilience, to show strength, to show that we're not going to be shaken by a little turbulence in the market. Remember why you got into this game in the first place. Remember the potential, the excitement, the thrill of being part of something revolutionary. So, I urge you, don't succumb to panic selling. Don't let fear cloud your judgment. Instead, stay calm, stay focused, and stay determined. This is just a bump in the road, a test of our resolve. And I have no doubt that we will come out of this stronger than ever before. Believe in yourselves, believe in the power of BTC, and together, we will weather this storm and emerge victorious. Let's show the world what we're made of. Let's hodl strong!
BITSTAMP:BTCUSDShort
by TrojanBible
BITCOIN - 4h breakdown Update to Weekly Outlook 20/02/24'Hello everyone, just a quick update to Yesterday Weekly outlook.. 4h Idea Breakdown chart: Reasons WHY Short in next 0 to 48 hours: 1 - is Lower Close then 2 2 - is Highier Close then 3, BUT it have Lower Candle High 3 - have Lower Close then 2 and Last Green Candle, BUT in the same time have Highier Candle High __________________________________________________ These are Reasons WHY I believe we are about to Short in next 0-36(48) hours at least & WHY I was yesterday slightly more bearish then bullish, but since it developed as it did, it gave me more confirmation and confidence that we are about to go Lower (Short market). Aswell, if you decide to take a trade, DONT FORGET TO USE STOP LOSS, for your own good. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
BITCOIN - Weekly Outlook 20/02/24'Hello everyone, just a quick Weekly update.. I believe that not much changed Price wise since last week, BUT we got some developments and news from Macro Economy perspective... So, Im still somewhat alerted we are RIGHT now possibly "around" or "not so far" from High, before of "reversing" at for week/two.. WITH still having in mind, that ONLY ONE TIME in History, when Market conditions was closest to similar as we are today, Market didnt find its TOP until FED started cutting rates... So there is still possibility of going Highier with time (March,April), even tho Price wise we already elevated a lot... and thats the reason Why is Executing a Trade Correctly right now difficult... So AGAIN, I would suggest EVERYONE to use STOP LOSS, if you decide to trade... cause, PROTECTING CAPITAL should be your Number 1 object every time!!! -- I would like to state, that due to everything ment above and previously - I Labeled this Idea NEUTRAL - but, my bias is slightly more bearish, that bullish as for Right Now. -- Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading
BTCUSDT.1DBased on the market data provided, the current price of Bitcoin (BTC) against Tether (USDT) is $52,089. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 76.33, 84.40 and 80.84 respectively. These values indicate that BTC is currently in the overbought territory, suggesting that a price correction might be imminent. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are 1163, 2323 and 5140 respectively. The positive MACD values indicate that the bulls are currently in control. The Bollinger Bands (BB) for 4 hours, 1 day and 7 days are all at 53570, indicating a relatively stable price volatility. The support levels for 4 hours, 1 day and 7 days are $51,056, $47,500 and $40,000 respectively, while the resistance levels for the same periods are $53,351, $53,230 and $53,800. In my opinion, while the market is currently bullish, the high RSI values suggest that the market is overbought, and a price correction might be on the horizon. As such, it might be a good idea to exercise caution and consider taking profits or setting stop-loss orders to protect your investment. However, if BTC manages to break through the resistance levels, we could see further upside. Keep in mind that this analysis is based on historical data and does not guarantee future results. Always do your own research and consider your financial situation and risk tolerance before making investment decisions.
by MarsSignals
1