Bitcoinidea
#BTC/USDT Weekly: This pattern signals Trend Reversal!#BTC Weekly Update: Breaking the Green Streak!
Bitcoin (BTC) sees a change in trend as it closes the week with a red candle, ending an eight-week run of green candles. This shift is marked by the formation of a Bearish HARAMI pattern, signaling a potential bearish reversal.
The confirmation of this pattern hinges on the weekly close; BTC needs to end the week below $41,349. Until this confirmation, Bitcoin may move sideways, providing an opportunity for altcoins to thrive. Investors should carefully select altcoins during this period of potential BTC consolidation for optimal gains. Stay vigilant!
Do hit the like button if you find this chart helpful.
Thank you
#PEACE
Weekly DXY Breaking Down Below 103 = Bitcoin and Crypto RallyThis is a great looking chart of the DXY on a weekly time frame.
We have a huge Bearish engulfing candle forming on the DXY and breaking down below the 103 support level.
This is looking very Bullish for Bitcion and the Total Crypto Market Cap.
Also notice what happened after the last Bearish engulfing candles in October and November.
This is great to see, after 11 straight weeks of Bullish Green weekly DXY candles prior to that.
This is starting to look very interesting, and as we know as the DXY falls, Bitcion goes up.
Also see my recent analysis on how we could see new highs by January, and $100k BTC by or before the Halving.
Let me know what you think!
Bitcoin And my projection for the KINGHi Everyone;
Today I have a special guest in my Analysis Collection
THE KING
I love Bitcoin and even if it doesn't have the Perfect Investment opportunity, but it is the BITCOIN
the freedom, our freedom
thanks for the all supporters, and for the haters I thank you even more.
Good luck everyone.
BTC: Still holding the support.Greetings traders,
Bitcoin (BTC) is displaying resilience by maintaining support around the $40.5k level. As long as this support holds, BTC remains poised to make attempts at breaching the FWB:42K resistance. However, a decisive break below the support could lead to a potential decline towards the $38k to FWB:39K range. Stay vigilant for key support and resistance levels.
Best regards,
Team Dexter.
BTC Macro UpdatesBTC make perfect Bearish Shark at 35900$ as i have already share chart regarding this.
As you can see BTC spot has no volume since March as mentioned in chart.
It is just manipulation and grapping liquidity
According to onchain analysis Upside liquidity has been grab almost 1.5B$ has been liquidate.Everyone is bullish now which means big move is coming.This senerio is remindering about recent crash when BTC touch 50k$ from 30k$ in May 2022.
Becaregul with your trade on larger tf.
Trendline has also been broken and just retesting here.
If BTC cross 37000$ with full candle it will invalidate this pattern.
This is macro analysis based on weekly tf.
If you like this kindly follow me and like this Idea
Thank you
History is cyclical. So, read this. Bitcoin vs SP500——
Part 1
On the right is the S&P500 index (conditionally 1960-85 years). Bitcoin on the left.
Stocks used to be as much of a novelty as crypto is now. Facts first, opinions second.
Facts:
— 1965-70 years. Green zone
>>> Economic growth, more dollars, assets grow. But the war in Vietnam continues and world economic growth gradually stops.
>>> Now: 2019-21 very strong growth of the stock and crypto market due to dollar printing. Towards the end of the inflation problem and the war in Ukraine. The economy worsened.
— 1970-75 years. Purple zone
>>> The fight against very strong inflation begins. Oil crisis. The USA spends a lot of money on the war in Vietnam. The global economy is not growing (stagnant). Taxes are increasing.
>>> Now: The US and the EU are battling inflation, but it's not over yet. The USA spends a lot of resources to support Ukraine in the war. The global economy is not growing (stagnant). Taxes are increasing.
— 1975-85+ years. Orange zone.
>>> The end of the war. Inflation is still strong but improving. Tax reduction as a new policy of Reagan (USA). General improvement of the global economy.
Bitcoin Idea - BTCUSDT - BTCUSDHello, fellow traders!
In my assessment, as depicted in the attached image, there's approximately a 50% likelihood of a price correction leading to a temporary drop in the range of $42,000.
Looking at the broader, long-term trend and analyzing the chart data, the price movement appears to be on an upward trajectory, aiming for an initial target of $50,000.
It's worth noting that various factors, particularly decisions from the United States regarding cryptocurrencies, the redemption period, and changes in the mining level, are anticipated to influence the index's price chart in the coming month.
Wishing you all the best in your trading endeavors!
BINANCE:BTCUSDT BITSTAMP:BTCUSD
⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities.
✅ Feel free to share your inquiries or suggestions in the comments. I am more than willing to assess and analyze any cryptocurrency, forex currency pair, or stock index that piques your interest, so, Please don't hesitate to ask or mention the specific currency chart you'd like me to review.
Bitcoin (BTC) Could Reach a Death Cross SoonThere is a deep concern regarding the current state of Bitcoin (BTC) and its potential impending death cross. As someone who genuinely cares about your trading success and financial well-being, I strongly urge you to pause your BTC trading activities and carefully consider the risks involved.
For those unfamiliar with the term, a death cross occurs when the short-term moving average of an asset, typically the 50-day moving average, crosses below its long-term moving average, usually the 200-day moving average. This technical indicator is often regarded as a bearish signal, indicating a potential downward trend for the asset.
Recent market analysis and indicators strongly suggest that Bitcoin is on the brink of experiencing this ominous death cross. Such a development could have significant implications for the cryptocurrency market as a whole, potentially leading to a prolonged period of downward price movement and heightened volatility.
While it is true that the cryptocurrency market is inherently volatile, a death cross has historically been associated with extended bearish periods. It is crucial to exercise caution and consider the potential consequences before making any further BTC trades. The last thing any trader wants is to be caught on the wrong side of a significant market downturn.
In times like these, it is crucial to prioritize the preservation of capital and adopt a defensive trading strategy. Instead of actively trading BTC, I encourage you to consider taking a step back, reassess your portfolio, and perhaps explore alternative investment opportunities until the market stabilizes. This temporary pause will not only protect your hard-earned capital but also provide you with an opportunity to evaluate the situation from a broader perspective.
Remember, the cryptocurrency market is highly dynamic and subject to rapid changes. It is always wise to approach trading decisions with a level-headed mindset and seek advice from trusted sources. I strongly recommend consulting with a financial advisor or conducting thorough research before making any significant trading moves.
Your financial well-being is of utmost importance to me, and I genuinely believe that taking a cautious approach during this potentially critical period is the wisest course of action. By pausing your BTC trading activities and focusing on preserving your capital, you will be better positioned to navigate the market's uncertainties and make informed decisions when the time is right.
Thank you for your attention, and I sincerely hope that this warning reaches you in time. Please feel free to reach out if you have any questions or concerns in the comment section below. Stay vigilant and trade wisely.
BTC Pi Cycle Top 2024 Price and Time PredictionsWith Bull-Mania back in play...
I was pontificating in my M3 active trader group today, about where the next market top could be, based on the Pi Cycle Top which has been very accurate in the past.
When I saw it cross back in 2021, I thought to myself 'If must be wrong because we're going to $100k' but obviously we were all wrong about that.
So this time, it's worth looking at the past, and having an idea of the future.
The reason I've specifically picked the $210k area, is that's the Fib 3.618 target from the market cycle lows, and we saw that hit exactly from the 2018 lows to the 2021 high.
But also, because that's my best WAG (Wild Ass Guess) of where the Pi Cycle Top lines will cross.
So we shall see... It seems incredulous to consider a $200k+ price on Bitcoin by the halving.
But with all the wind at our backs (See my other published ideas about the 9 factors that could ignite the next Bull Rally, and turn it into a forest fire), we could certainly see some huge upside.
Not likely, but possible.
What do you think? Let me know in your comments below.
$BTC All-Time-High Prediction (Cycle Analysis)Examining the historical data from the last two Bitcoin halving cycles on the chart, it becomes evident that, when considering the price movement on a logarithmic scale over a bi-weekly timeframe, it took an average of 15.5 periods for the value to surpass the previous peak. With this in mind, it is plausible to anticipate Bitcoin reaching $69,000 by early October of the upcoming year, and potentially attaining a new all-time high in 2025.
BTC a chance for big move BTC / USDT
BTC is being stuck in this channel for almost 40 days! , i think the big move is very close…
The target of this channel if the breakout done successfully would be 46k-48k
What we need for strong breakout : is a stability above 37k-38k which is very bullish because its equal 0.618 fibo resistance in high time frame
At some point we could see strong correction like 20-35% toward 32k - 27k may be after this move So make sure you have free stable coins for this case …
In worst scenario if this the pattern failed we could test lower supports first
Best of wishes
Spot Volume Drives BTC Rise – Time to Long!We are about to witness an exhilarating ride, and I don't want you to miss out on the opportunity to long BTC.
Spot Volume: The Driving Force behind Bitcoin's Rise
In recent weeks, Bitcoin's price surge has been primarily fueled by spot volume, which refers to the buying and selling of actual Bitcoin on cryptocurrency exchanges. This is a significant departure from previous rallies, where futures trading often played a more dominant role. Spot volume indicates a strong demand for Bitcoin from traders and investors who want to own the real asset, rather than just speculating on its future price movements.
Why is this important? Well, spot volume-driven rallies tend to be more sustainable and less prone to manipulation. They reflect genuine market sentiment and confidence in Bitcoin's long-term value. This shift signifies a maturing market and sets the stage for a potentially explosive upward trajectory.
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Now, more than ever, it's crucial to seize this moment and position yourself for potential gains. The spot volume-driven rally indicates a growing belief in Bitcoin's value proposition and its ability to act as a store of value and hedge against inflation. This sentiment is shared by both institutional investors and retail traders alike, creating a perfect storm for Bitcoin's ascent.
So, what's the call-to-action? It's simple – long BTC! Take advantage of this exciting market trend by strategically entering long positions on Bitcoin. With spot volume driving the rise, you can have confidence in the market's support and the potential for sustained upward momentum.
Whether you're an experienced trader or just starting your crypto journey, this is an opportune time to capitalize on Bitcoin's rise. Remember, timing is crucial in the world of trading, and spotting trends early can lead to exceptional profits.
Don't Miss Out – Act Now!
The crypto market is buzzing with anticipation, and the time to act is now. Don't let this thrilling opportunity pass you by. Take advantage of the spot volume-driven rally and long BTC to potentially ride the wave of Bitcoin's rise.
Bitcoin Peaks at $42,000 - What's Next? Bitcoin Peaks at $42,000 - What's Next?
In a new surge of momentum fueled by widespread optimism that the U.S. securities regulator may soon approve a spot bitcoin ETF, Bitcoin briefly surpassing $42,000 to reach a 20-month high.
There is a sense of optimism in the space regarding the potential approval of a bitcoin exchange-traded fund (ETF) by the U.S. securities regulator. Such approval would likely enable a new type of investor to enter the cryptocurrency market through the regulated stock exchange, leading to an influx of capital into the digital asset. In October, SEC Chair Gary Gensler alluded to the agency's consideration of up to 10 bitcoin ETF filings.
Additionally, falling inflation in the US is making higher-risk assets such as Bitcoin more attractive.
This sounds like a certain bullish environment, right? Well... nothing is certain in crypto so some downside projections might be appropriate to consider too. So, with that in mind, the gap on Sunday still needs to be filled, starting with approximate prices at $39,600 and $39,000.
STILL WAITING FOR BITCOIN TO GO AT 12K?This chart is simple. However there are some interesting points that i want to share with you.
FIRSTLY
In every bear market the drop from the top to the bottom was:
- First Bear Market, Top-to-Bottom -87.19%,
- Second Bear Market, Top-to-Bottom -83.97% and lastly,
- Third Bear Market , Top-to-Bottom -77.49%
It looks like in every new bear market the drop isn't as big as the previous ones.
SECONDLY
As we can see from the chart when Bitcoin was breaking out of this big orange triangles it was never coming back down again.
- First Bear Market, lasted for about 426 days,
- Second Bear Market, lasted for about 365 days and lastly,
- Third Bear Market, lasted, surprisingly the same days as the second bear market, 365 days.
You can say here that it might take more time as the first bear market which was 426 days but if you see the chart bitcoin is know high enough to avoid this situation.
LASTLY
Before Bitcoin starts to move into higher levels we always had a big drop.
The last big drop of the..
-> First Bear Market was: -52.35%
-> Second Bear Market was: -52.40%
-> Third Bear Market was: -50.83%
PERSONAL OPINION
To sum up all i want to say with this data in the chart is that the Bitcoin is not going to move to 12K level area as the bears were saying.
Moreover, as you can see in the chart there is an orange line that starts in 01/Feb/2013 until today. I believe that if Bitcoin jumps above this orange line the price is going to go in much higher levels.
Do you think BTC can go to 12K?
Thank you,
Best Regards
Christian
Feeling Brave?! Sell Bitcoin Now at 50% FibJust under 42K in BTCUSD is the 50% Fib of the entire drop from record highs to the 2022 low. It is also the objective from the recent triangle breakout.
Note: this is very counter momentum - which are usually works out pretty quickly - either in profit or loss! Also - the triangle is probably part of a bull pennant in which case the upside objective is more like 49K.
BTC Prediction: New highs by February 1st 2024 and BeyondBTC Prediction: New highs by February 1st and holding $70k as support by the April Halving.
Possible $100k, $155k, $212K Bitcoin in the cards for this Bull Run.
Here are 9 factors (and 2 scenarios) that could get us there much faster than anyone expects...
tradingview.com
1. BlackRock & Fidelity ETF's Approval
2. QE Money Printing To Pay Down US Debt
3. Bank Failures, Bank Runs & Transfer Into BTC
4. Hyperinflation & De-Dollarization (BRICS)
5. Corporate Accumulation (MSTR / Apple /Tesla)
6. Country Accumulation (Reserve Currency)
7. Post-Halving Less Bitcoin Miner Selling ($12B)
8. Less Available Supply Increasing Demand-Shock
9. Political Pressure In Favor of Bitcoin & Crypto
All of these are like small campfires smouldering, but with an accellerant could ignite all the rest, like a California wildfire.
What do you think about this timeline and possible scenario?