Bitcoin – We Are In July 2016, In July 2024Just look at what the market looked like in July 2016, before the US election. As it did in the first half of 2016, Bitcoin has moved the same way over the year 2024 so far. That means if Donald is elected again we are up bigly running to April next year and then up hugely running to the end of 2025. We will all get very rich but it won't matter anyway because society will become very unstable. But you will enjoy great wealth in the meantime, enjoy!
Bitcoinlong
BTC/USDT 4H Long Analysis: Key Levels and Market OutlookEllipse has entered a long position at 59.2K, reflecting confidence in the bullish signals present despite some concerns.
4-Hour Chart Analysis:
Bullish Signals:
Price breakout above the Ichimoku cloud
Lagging Span (Chikou) has broken out of the cloud
Lagging Line (Chikou) is clear of both price and cloud
Pivot reversal (24/12)
Tenkan-Sen (TK) is above Kijun-Sen (KJ)
Future Senkou Span B points upwards
These bullish signals indicate a potential upward momentum in the short term.
Concerns on the 4-Hour Chart:
Low volume in the market
Price remains below the 200 EMA
100 EMA is below the 200 EMA
While we have several bullish signals, the low volume and position of the EMAs suggest caution.
Zooming Out to the Daily Chart:
Bullish Signals:
Price is above both Tenkan-Sen (TK) and Kijun-Sen (KJ)
Price is above the 200 EMA on the daily chart
Found support on the 200 EMA daily and monthly pivot (S1)
These signals suggest a stronger bullish trend when viewed on a longer timeframe.
Bearish Signals on the Daily Chart:
Tenkan-Sen (TK) is below Kijun-Sen (KJ)
Price is still under the daily Ichimoku cloud
Future cloud (Senkou Span) is bearish
Despite the bullish signals, the bearish cloud configuration and the position of the Tenkan-Sen and Kijun-Sen warrant caution.
Key Resistance Levels:
200 EMA on the 4-hour chart at 61.2K
Yearly pivot R2 at 62.7K
Lower boundary of the daily cloud at 64.3K
These resistance points are crucial levels to watch for potential price rejections.
BTC/USDT shows mixed signals across different timeframes. On the 4-hour chart, several bullish indicators suggest potential upward movement, but the low volume and the EMA configuration urge caution. The daily chart shows a more pronounced bullish trend above the 200 EMA, yet the bearish cloud and Tenkan-Sen/Kijun-Sen arrangement could limit gains. Key resistance levels should be monitored closely for any breakout confirmation or potential reversals.
Trade safe and always consider multiple factors in your analysis!
BTC upside potential for the next 24 hours The Bitcoin Conference 2024, the largest world’s Bitcoin conference, kicks off in Nashville later today. Republican presidential candidate Donald Trump will be its keynote speaker on Saturday. There are rumors that he will announce that Bitcoin will be transformed into a strategic reserve asset.
Meanwhile, the organizer of the conference, Bitcoin Magazine, denied rumors that the Democrat presidential candidate Kamala Harris would be speaking. “No surprise. What can she say to us when she’s actively imprisoning developers, forcing our industry overseas, attacking PoW… it would have been a disaster for her,” the CEO of Bitcoin Magazine David Bailey said.
“I gotta be honest, feels like Kamala should commute Ross Ulbricht’s sentence before addressing the Bitcoin community. That’s the tables stakes. Both Trump and RFK have promised to do that day 1,” Bailey said.
Ulbricht was sentenced to life in prison without the possibility of parole under the Obama administration in 2015 for creating and operating the darknet market website Silk Road. This website sold drugs and other illegal goods.
“All eyes on Trump now. Choice is simple really, Trump Pump or Biden Dump?,” Bailey added.
Bitcoin may reach $100,000 “very soon” on expectations that the Republicans will win the US presidential elections in November, the CEO of CSOP Asset Management Ding Chen told Bloomberg earlier this week.
The price of Bitcoin fell 2.5 percent to $64,190 over the past 24 hours, Trading View’s Bitcoin chart shows, while ATTMO forecasts strong sun for Bitcoin for the next 24 hours, indicating upside potential and a bullish trend.
Follow us for more crypto news and weather reports!
Bitcoin BTCUSD Bullish Side Money heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist Bitcoin BTCUSD market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
47k Coming for Bitcoin?$Bitcoin #CME 1D chart;
The gap formed by the opening last week has not yet been filled. I think the rise will not start before this place is filled.
The Bat Harmonic structure, which is also formed in the current structure, points us to $ 47k levels. It is difficult to say anything clear if it will come true. However, we should not forget that this possibility also exists.
Bitcoin had received an upward reaction with the support it received with its last visit to the IMB level. However, as can be seen, it has not yet made any contact with the IMB zone at $ 47k levels.
It doesn't always touch these areas, of course, but why not:)
Solana Steals the Show: Outperforming Bitcoin and EthereumWhile the cryptocurrency market has traditionally been dominated by Bitcoin and Ethereum, a new contender is emerging as a potential market leader: Solana. This high-performance blockchain platform has been making significant strides, outperforming both BTC and ETH in recent times. The question on everyone's lips is: Is this a sign of things to come for Solana in the remainder of this bull market?
Solana's recent surge can be attributed to several factors. Its robust network, capable of handling a high volume of transactions at lightning speed, has attracted a growing developer community. This ecosystem is rapidly expanding, with new projects and applications being built on the Solana blockchain. This increased activity not only enhances the platform's utility but also boosts investor confidence. scalability and low transaction fees has positioned it as a strong competitor to Ethereum, which has faced scalability challenges in the past. As decentralized finance (DeFi) continues to gain traction, Solana's ability to handle high transaction volumes efficiently is a significant advantage.
However, it's essential to approach Solana's performance with a degree of caution. While the recent surge is undoubtedly impressive, the cryptocurrency market is notoriously volatile. Past performance is not indicative of future results. Factors such as regulatory changes, market sentiment, and competing blockchain platforms could impact Solana's trajectory.
Additionally, it's worth noting that Bitcoin and Ethereum have their own unique strengths and advantages. Bitcoin remains the dominant digital currency with a strong brand recognition and a large, established user base. Ethereum, on the other hand, is the leading platform for smart contracts and decentralized applications.
While Solana's recent outperformance is undoubtedly exciting, it's too early to definitively declare it the next big winner in the cryptocurrency market. The crypto landscape is highly competitive, and new challenges and opportunities are constantly emerging.
Investors should conduct thorough research and consider diversifying their portfolios across multiple cryptocurrencies. It's essential to have a long-term perspective and be prepared for market fluctuations.
As the bull market progresses, it will be fascinating to observe how Solana continues to evolve and compete with its more established rivals. If it can maintain its momentum and address any potential challenges, it could solidify its position as a major player in the cryptocurrency ecosystem. However, only time will tell if Solana's recent success is a sustainable trend or a temporary blip in the market.
Hash Ribbons Signal Potential Bitcoin Bull RunMiner Capitulation Ends, Igniting Bullish Outlook
The cryptocurrency market is abuzz with excitement as a key indicator signals a potential turning point for Bitcoin. The Hash Ribbons indicator, a tool used to measure miner capitulation, has recently shifted into a bullish "buy" signal. This development, coupled with other positive market trends, is fueling speculation of an imminent Bitcoin rally.
The Hash Ribbons indicator tracks Bitcoin's hashrate using two moving averages: a 30-day and a 60-day. When the shorter moving average dips below the longer one, it typically signals miner distress and potential market downturn. Conversely, when the 30-day average surpasses the 60-day, it historically marks a "buy" signal, often preceding significant price increases. The recent shift to a bullish signal indicates that miners may have weathered the storm, and Bitcoin could be poised for an upward trajectory.
This positive development is further reinforced by evidence suggesting the end of miner capitulation. Miners often sell their Bitcoin holdings during periods of low profitability to cover operational costs. When this selling pressure subsides, it can lead to a price increase as the supply of Bitcoin available for sale decreases.
Market Enthusiasm Amidst Uncertainties
While the Hash Ribbons signal and the apparent end of miner capitulation are undoubtedly bullish indicators, it's essential to consider the broader market context. Several factors could potentially dampen Bitcoin's momentum.
One significant concern is the impending payout of claims from the collapsed Mt. Gox exchange. A substantial amount of Bitcoin is expected to be released into the market, which could exert downward pressure on prices. Additionally, the potential approval of Ether ETFs in the United States has introduced a new element of uncertainty. While this development could benefit the broader cryptocurrency market, it may also lead to increased volatility in Bitcoin's price.
Despite these potential headwinds, the overall sentiment among market participants appears to be optimistic. The Hash Ribbons signal has generated significant buzz, and many analysts believe that Bitcoin is primed for a substantial rally. However, as with any investment, it's crucial to approach the market with caution and conduct thorough research before making any decisions.
The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should carefully consider their risk tolerance and investment goals before allocating funds to Bitcoin or any other digital asset. While the Hash Ribbons indicator and other positive factors suggest a potential bullish trend, it's essential to remain vigilant and monitor market developments closely.
Ultimately, the future of Bitcoin's price is difficult to predict with certainty. However, the recent bullish signals provide a glimmer of hope for investors who have weathered the cryptocurrency market's ups and downs. As the market continues to evolve, it will be fascinating to see how Bitcoin responds to the challenges and opportunities ahead.
Blackrock's aim for the Crown of Digital Currency ETFsSince it's inception at the start of January 2024 the iBIT ETF has gone up 31.35%.
As of writing this July 22, 2024 the iShares Bitcoin ETF has seen an astounding $523 Million Inflows and a $912 Million trading volume over the last 24 hours.
BlackRock is buying up Bitcoin at a pace unlike any seen before from institutional investors.
This means that they can soon start borrowing and leverage their Bitcoin positions thanks to the sheer size their Spot ETF has so far.
With the news of the Ethereum ETF being launched we can expect to see the price of iBIT rise up to $60.45 in the near future.
Technical Analysis shows that the previous downtrend had been broken and that a reclaim of the range is now giving us a bullish indication for future price movement.
Read our full report on our website to get a more in-depth look.
Is the Bitcoin Bull Run on Fumes? Bullish Wedge?Bitcoin (BTC), the enigmatic pioneer of cryptocurrencies, has captivated investors with its volatile price swings and potential for massive returns. After a strong incline in recent months, questions are swirling about the sustainability of this bullish trend. One technical analysis pattern catching attention is the bullish wedge, and its potential to signal a reversal.
The Bullish Wedge: A Double-Edged Sword
The bullish wedge is a chart pattern formed by two converging trendlines, one acting as resistance and the other as support. While it initially suggests a continuation of the uptrend, a breakout from the lower trendline can indicate a potential price decline.
Here's why the bullish wedge is a double-edged sword for BTC investors:
• Continuation Pattern: If the price breaks above the resistance line with increasing trading volume, it can be interpreted as a confirmation of the bullish trend. This would suggest that buyers are accumulating BTC at higher prices, potentially pushing the price further upwards.
• Reversal Pattern: A breakdown below the support line, particularly with significant selling volume, could signal a trend reversal. This would indicate that sellers are overpowering buyers, potentially leading to a price decline.
Is This the End of the Bull Run?
Whether we're witnessing the tail end of the BTC incline depends on several factors:
• Price Action at the Wedge: Closely monitoring the price action at the wedge's apex (the point where the trendlines converge) is crucial. A clean breakout above resistance with strong volume suggests a continuation of the uptrend. Conversely, a forceful breakdown below support with high selling pressure indicates a potential reversal.
• Technical Indicators: While the bullish wedge is a valuable tool, it shouldn't be used in isolation. Combining it with other technical indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) can provide a more comprehensive picture. Overbought readings on the RSI or bearish divergences on the MACD could signal a potential reversal despite the wedge pattern.
• Fundamental Factors: External factors like regulatory changes, institutional adoption, and broader economic conditions heavily influence the cryptocurrency market. Positive news on these fronts can bolster the bullish momentum, while negative developments can trigger a sell-off.
Beyond the Bullish Wedge: Other Considerations
Predicting the future of Bitcoin is notoriously difficult. Here are some additional factors to consider:
• Market Sentiment: Bullish sentiment can fuel upward price movements, while bearish sentiment can lead to a decline. Gauging investor sentiment through social media analysis or news outlets can provide valuable insights.
• On-chain Analysis: Analyzing on-chain data, such as active addresses or exchange inflows/outflows, can reveal investor behavior and potential buying or selling pressure.
Navigating the Uncertainty: What Investors Can Do
While the bullish wedge presents a potential turning point, it's not a guaranteed indicator. Here's what investors can do:
• Employ Risk Management: Always implement stop-loss orders to mitigate potential losses if the price falls below a certain level.
• Diversify Your Portfolio: Don't put all your eggs in one basket. Diversify your crypto holdings and consider other asset classes to manage overall portfolio risk.
• Stay Informed: Keep yourself updated on the latest developments in the cryptocurrency space, including technical analysis, market sentiment, and regulatory changes.
Conclusion
The bullish wedge presents an intriguing scenario for Bitcoin's price trajectory. While it raises the possibility of a trend reversal, a confirmation requires a breakdown below support with significant selling pressure. By combining technical analysis with other factors like market sentiment and fundamental analysis, investors can make informed decisions. Remember, the cryptocurrency market remains highly volatile, and a healthy dose of caution is always advisable.
Bitcoin - Bulls Woke UpBitcoin finally gained bullish momentum after forming a bullish divergence on the daily timeframe on the RSI and breaking the downtrend line (and SMMA), I believe we may see a correction of this movement in the short term, but most likely we will reach 70k again in the coming days/weeks.
The German government has completed the sale of all Bitcoins, leaving this asset free to return to its Bull trend. (less selling pressure)
Will #Bitcoin repeat its past moves?#Bitcoin 1W chart;
Let's try to look at the Bitcoin picture from a more distant and different angle;
First of all, the positive divergence of the MVRV indicator with the breakout of the rising top in October 2020 signaled the beginning of a movement in the market.
MVRV is an indicator used to determine the overbought or oversold conditions of the market.
In May 2021, we see that the first top began to decline (2nd vertical yellow line), again with negative divergence.
Subsequently, the 1/RSI divergence at the second top signaled that the downward start of the cycle was now possible. We can say that the manipulation area here was the foam of the 2021 cycle. We can say that those who read this place well left the market with good gains in time.
With the start of the bear cycle, the next first positive signal came in April 2023. With the 2/RSI giving a positive divergence, it showed us that the direction of the market was about to change.
With the test of the Ath level in March 2024, the 4/RSI divergence formed with the 2021 top showed us that the rise was over for now. Subsequently, the 3/RSI divergence formed at this level showed us the direction of the market a little. I tried to warn you as much as I could in this regard.
The area indicated by the orange arrow below shows us that an extreme buying period has not yet started in the market and therefore we have not yet entered the cycle we call mega bull.
Let's talk about the target... According to my estimates, I foresee that this cycle may be between 102k and 120k.
I hope this was useful information for you. If you like it, I would be very happy if you can share it to support.
Bears need to explain that bull flag
As shown on this chart (28 Feb- 12 May), the market is in a sideways trend (clumsy indecision).
Can't say that it annoys (to be honest) but, I can trust a thief to steal my car because he knows his job well, knows what he wants to do :)
Indecision kills!
What to do when you don't know what to do
1- Control Your emotions ;)
2- Nothing goes straight up (don't panic)
3- Why are you making this trade? Have a reason for every trade (buy- sell)
4- Focus on bigger patterns. one day, it will make sense to you
My rational choice is:
intermediate ---- > diamond bottom reversal pattern (Target = $ 73.5k)
primary ---> bull flag pattern (Target = $ 86k)
strong support = $ 58400
#Bitcoin geçmişte yaptığı hamlelerini tekrar eder mi?#Bitcoin 1W grafik;
Bitcoin resmine daha uzaktan ve daha farklı bir açıdan bakmayı deneyelim;
Öncelikle Ekim 2020’deki yükselen tepenin kırılımı ile birlikte MVRV indikatörünün pozitif yönlü ayrışması bize markette bir hareketliliğin başlangıcı olduğu sinyallerini vermişti.
MVRV, piyasanın aşırı alım veya aşırı satım durumlarını belirlemek için kullanılılan bir indikatördür.
Mayıs 2021’de yine negatif yönlü ayrışmayla birlikte ilk tepenin düşüşünün başladığını görüyoruz (2. dikey sarı çizgi).
Akabinde gördüğümüz ikinci tepede ise oluşan 1/RSI uyuşmazlığı artık döngünün aşağı yönlü başlangıcının olabileceğinin sinyallerini vermişti. Buradaki manipülasyon alanı da 2021 döngüsünün köpüğüydü diyebiliriz. Burayı iyi okuyanlar piyasadan vaktinde iyi kazançlarla ayrıldı diyebiliriz.
Ayı döngüsünün başlamasıyla birlikte bir sonraki ilk pozitif sinyal Nisan 2023’de geldi. 2/RSI’ın pozitif uyumsuzluk vermesiyle birlikte piyasanın yönünün değişmek üzere olduğunu bize göstermişti.
Mart 2024’de Ath seviyesinin test edilmesiyle birlikte 2021 tepesiyle birlikte oluşturduğu 4/RSI uyumsuzluğu bize yükselişin şimdilik buraya kadar olduğunu göstermişti. Akabinde de bu seviyede oluşan 3/RSI uyumsuzluğu bize marketin yönünü az da olsa göstermişti. Bu konuda elimden geldiğince sizleri çokça uyarmaya çalıştım.
Aşağıda turuncu ok ile belirtili bölge bize aslında markette aşırı bir alım döneminin henüz başlamadığını ve bu nedenle de mega boğa dediğimiz döngüye henüz girmediğimizi gösteriyor.
Gelelim hedefe.. Bu döngünün tahminlerime göre 102k ile 120k arasında bir seviyede olabileceğini ön görüyorum.
Umarım sizler için faydalı bir bilgi olmuştur. Beğendiyseniz, destek olmak adına paylaşabilirseniz çok sevinirim.
Bitcoin to Alltime High?The Weekly Delta is positive and increasing. Bitcoin has had a good rise in the last few days and is in the area above the important 63.000 level.
The seasonality also speaks in favor of Bitcoin at the moment. I take a long position with a narrow risk reward of 1 to 1.92 with potential for more.
Bitcoin - Half way to the $200.000 target!BITSTAMP:BTCUSD is consecutively retesting the previous all time high and breaking out soon.
You all know my life motto: Keep your long term vision. This is especially true when it comes to trading the major swings on Bitcoin. These very volatile short term moves will always give you a false perception of the underlying trend. And the underlying trend on Bitcoin is bullish, despite the recent back and forth at the previous all time high. I do expect a major bullish breakout soon.
Levels to watch: $67.000
Keep your long term vision,
Philip - BasicTrading
Bitcoin hits 4-week highSince breaking above the 200-day moving average and the bearish trend line around the 59,500 mark at the start of last week, Bitcoin has rallied sharply as the bears rushed to exit. Along the way, it has surpassed multiple resistance levels, including 63,800 on Monday. This level has now turned into support, indicating bullish price action.
In recent days, Bitcoin had been consolidating its gains from the past couple of weeks. However, today it has risen again, surpassing yesterday's high of 65,130, which is now the nearest short-term support level to watch.
Thus, the path of least resistance for Bitcoin is clearly to the upside as it approaches potential short-term resistance around the 67,000 area. The key resistance area is around the 72,000 mark, which Bitcoin has struggled to break convincingly after several attempts in the past few months. Nonetheless, the overall price action appears bullish, and an eventual breakout seems likely.
By Fawad Razaqzada, market analyst at FOREX.com
Bitcoin Daily TF Currently, Bitcoin is facing Support around my key level of $54,600, which coincides with the 0.5 Fibonacci level. Once Bitcoin closes above the 200-day moving average, it is expected to gain momentum and rise towards the top of the channel.
After breaking through the channel, Bitcoin is likely to continue climbing, then experience a pullback, before ultimately surpassing its previous all-time high and setting a new record.
BTC will surge direct 72500$ Hi folks, as usual we are sniping a golden entry on btc
Bitcoin tested the support area and grabbed liquidity from there. The price will pump hard due to the FOMo coming with news, The resistance area is $62,800, and the support area is $63,900
Don’t forget to boost and support our Ideas to receive more Analysis
We are using LEET ALGORITHMIC CONCEPT (LAC)
a revolutionary new trading concept developed by LEET TRADERS COMMUNITY and based on the reasoning logic of the most powerful trading algorithms that control all financial markets .
very high accuracy, No psychological factor or stress, the only rule is to follow the steps of the checklist until you reach the target