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Bitcoin Analysts Eye Downtrend as Halving LoomsBitcoin, the world's most popular cryptocurrency, is facing a wave of uncertainty. While some investors eagerly await the upcoming halving event, anticipating a price surge, analysts warn of a potential downdrift. The Halving Shadow The Bitcoin halving, scheduled to occur in 10 days, is a pre-programmed event that cuts the rewards for mining new Bitcoins in half. This scarcity is often theorized to drive up the price due to increased competition for a limited supply. However, some analysts, like Benjamin Cowen, believe historical data suggests a possible price decline around the halving period. Mirroring the Past? Cowen highlights a potential trend where Bitcoin's price movement during previous halving events might be repeated. According to his analysis, there's a chance Bitcoin might see a downward correction leading up to the halving. It's important to remember, however, that past performance is not necessarily indicative of future results. Beyond the Halving Several other factors could influence Bitcoin's price trajectory: • Regulations: Regulatory scrutiny from governments around the world could dampen investor enthusiasm. • Institutional Adoption: Increased mainstream adoption by financial institutions could provide a significant price boost. • Market Sentiment: Broader market sentiment and risk appetite can significantly impact Bitcoin's volatile price movements. Is a Crash Imminent? While a significant crash can't be entirely ruled out, expert opinions are divided. The upcoming halving remains a source of debate, with some predicting a price surge and others a potential correction. Navigating the Cryptoverse For investors considering entering the Bitcoin market, careful research and a strong understanding of the inherent risks associated with cryptocurrency are crucial. Disclaimer This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin: Bullish Flag & Bullish Crossover,Upside Potential +16%?Hi Realistic Traders, let's delve into the technical analysis of BINANCE:BTCUSDT Bitcoin's recent rebound on the EMA 200 line, in conjunction with the breakout from the bullish flag pattern and a bullish crossover in the MACD indicator, collectively signals a robust continuation of the bullish trend. The rebound on the EMA 200 line holds particular significance in technical analysis due to its indication of a strong level of support, emphasizing the resilience of the bullish momentum. As a long-term moving average, the EMA 200 carries considerable weight in assessing the overall trend direction, with a rebound from this level suggesting that the underlying bullish sentiment remains intact. Additionally, the bullish crossover in the MACD signifies a significant shift in momentum towards bullish sentiment, while the breakout from the bullish flag pattern indicates renewed investor confidence and potential for further price appreciation. These technical developments provide strong confirmation of the potential for upward movement in the market, aligning with our designated target. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Long
by financialfreedomgoals101
4
Bitcoin Zigzag: The Unexpected Twist After the Sell-Off!Upon closely re-evaluating Bitcoin, especially after witnessing this significant sell-off, we must increasingly consider that we're dealing with a Zigzag pattern rather than a Flat structure. As evident in the detailed analysis, we've reached the 78.6% level for Wave B at $71,000, followed by what appears to be an accumulation phase during which Waves ((i)) and ((ii)) were formed, moving towards Wave ((iii)). We're either at Wave ((iii)) at the 161.8% extension level or, as initially anticipated, between the 227.2% and 261.8% levels. Although further drops are possible, we believe this support zone will be crucial. Subsequently, we expect a rebound up to a maximum level close to Wave ((i)), considering $68,000 as a strong resistance zone, while still aiming to find our entry in the range of $57,000 to $54,000. Comparing this with what we anticipate for Wave (4) based on the Fibonacci retracement, we would expect the 38.2% level at $55,000. Therefore, our analysis precisely aligns with the midpoint between the 138% to 161.8% expectation for Wave C.
Long
by stromm_by_wmc
BTC - Expecting new all-time highs soon Proficient analysis of historical patterns is paramount; failure to glean insights from the past often leads to repeated errors. This axiom holds true not only within the realm of trading but extends to broader facets of life. The narrative unfolds with the breakdown of the descending trend line, after which an ascending triangle is formed followed by a new trend movement After exiting the ascending triangle, we move to the global khai, accumulate stops (consolidation), consolidate above and follow the trend
Long
by truepersonal
5
Bitcoin on Brink of Breakout: Bulls Eye $68,700 as Support HoldsBitcoin (BTC) is currently finding support at $64,500 on the 4-hour time frame. The price is facing resistance at $66,100, and a breakout above this level could lead to a further rise towards $67,400. If the market shows strength, this breakout could reach a target price of $68,700. Bitcoin's recent price action suggests a potential bullish continuation and a break above $66,300 would be a positive sign for the bulls. However, it is important to note that the cryptocurrency market remains volatile, and unexpected events could cause the price to reverse course. Traders should carefully manage their risk and consider using stop-loss orders to protect their capital.
Long
by Z4F4R
1
Get Ready for Bitcoin to Rally as ETF Adoption Grows!Bitcoin's future is here due to growing ETF adoption. Here's a breakdown of the key points with a neutral perspective: Key Points: • ETF Adoption: The message highlights the increasing adoption of Bitcoin ETFs, which could be driving institutional investment. • Potential Rally: This suggests that Bitcoin's price may rise significantly due to this new wave of interest. • Call to Action: It strongly encourages you to buy Bitcoin now to potentially profit from the rally. Neutral Perspective: • Investment Risk: Bitcoin is a volatile asset, and there's no guarantee of a rally. • Do Your Research: Focus on potential gains but there are investment risks. It's important to understand Bitcoin's price history and the risks involved before investing. • Long-Term Strategy: Understand short-term gain. Consider if Bitcoin aligns with your long-term investment goals. Before Investing: • Research Bitcoin's price history and volatility. • Understand the risks and potential rewards involved. • Only invest what you can afford to lose. Overall: There are potentially lucrative opportunities but be cautious. Do your research and prioritize long-term strategy over following short-term hype. Consider consulting a financial advisor for personalized guidance.
BITSTAMP:BTCUSDLong
by bryandowningqln
ETHBTC Ratio Death Cross ApproachingKey Points: • Death Cross: The ETHBTC ratio is nearing a death cross, where the 50-week average dips below the 200-week average, historically signaling a bearish trend for Ethereum relative to Bitcoin. • Altcoin Impact: Since altcoins often follow Ethereum's movement, this could lead to a decline in their value compared to Bitcoin. • Actionable Advice: The message urges you to consider divesting from altcoins and reevaluating your portfolio to minimize potential losses. Additional Considerations: • Market Timing: Predicting market movements is notoriously difficult. While death crosses can be a helpful indicator, they are not foolproof. • Investment Strategy: This message advocates for a risk-averse approach. Consider your overall investment goals and risk tolerance before making any drastic changes. • Do Your Research: Stay informed by following reliable crypto news sources and conducting your own research before making investment decisions. Final Thoughts: Carefully weigh the information and potential consequences against your investment strategy before taking action. Don't hesitate to consult with a financial advisor if needed.
Short
by bryandowningqln
1
The whole truth about trading - playing against fateIt is apparent that your interest in trading stems from a desire to transcend the conventional 9 to 6 work regimen or to establish an additional revenue stream for enhanced financial stability. Regardless of the impetus, trading imbues one with a sense of hope—a hope for attaining financial autonomy and catering to the exigencies of one's familial responsibilities. Nevertheless, hope unaccompanied by acumen proves inadequate in the realm of trading. Are you prepared to delve into the intricacies of trading in its entirety? Can you harness the mechanisms of trading to your advantage and prosper therein? Trading is a means of slow enrichment For many, the following assertion may not be warmly received, yet it warrants acknowledgment: Trading serves as a gradual enrichment scheme. While anecdotes exist of traders who commenced with modest capital and ascended to seven-figure balances, such instances are rare. The reality is stark: the odds of such success are exceedingly slim. The allure of amassing substantial wealth swiftly is tempting, but it often necessitates assuming excessive risk. Only those blessed with exceptional luck may realize significant gains in short order. Conversely, the vast majority—99.99%—who pursue this path find themselves depleting their initial investment. Merely a fortunate minority attain even modest profits, and their success is often attributed more to chance than skill. Consider the perspective of Warren Buffett, whose wealth is renowned: "My wealth is a product of American residency, fortuitous genetics, and the power of compound interest." The crux lies in compound interest—the gradual accumulation of profits over time. Buffett's ascent to becoming the world's wealthiest investor spanned decades, not mere weeks or months. Hence, if one views trading as a shortcut to affluence, disillusionment is inevitable. You need money to make money from trading One of the most pervasive trading fallacies is the belief that possessing a profitable trading strategy guarantees the potential to amass millions in the market—a notion that has ensnared many traders. While it is feasible to develop a lucrative strategy, its profitability alone does not guarantee the attainment of vast wealth. Why? Because the magnitude of your initial deposit plays a pivotal role. Consider this scenario: Suppose you possess a trading strategy yielding a 20% annual return. With an account balance of $1,000, your potential earnings amount to $200 per year. With $10,000, your potential earnings escalate to $2,000 annually. Scaling up further, with a $1 million account, potential earnings soar to $200,000 per year. This illustrates that while a trading strategy is undeniably significant, it represents only one facet of the equation. Equally crucial is the size of your trading account. This elucidates why hedge funds attract vast sums—often in the millions, if not billions of dollars—since substantial capital is indispensable for maximizing returns from trading endeavors. Trading is one of the worst ways to earn a regular income Trading is often sought out by individuals seeking an alternative income stream, aiming to liberate themselves from the confines of a conventional 9 to 6 job in pursuit of pursuing their passions. However, it is crucial to confront a sobering reality: trading stands as one of the least reliable avenues for securing a consistent income. Why? The dynamics of financial markets are inherently mercurial. A strategy that yields profits one week may falter the next. This isn't to suggest that such strategies become entirely obsolete, but rather that market conditions necessitate adaptability. Realigning a strategy to suit evolving market dynamics demands time—a commodity not readily available in the fast-paced world of trading. This adjustment period could extend over several weeks or even months. Consequently, anticipating profits on a daily, weekly, or even monthly basis proves unrealistic. Success in trading hinges upon one's ability to capitalize on market opportunities as they arise, accepting the yields bestowed by the market, and refraining from unrealistic expectations of consistent returns. You're always studying the markets Continuous learning is indispensable for success in trading. Reflecting on my own journey, I initially gravitated towards indicators and price action trading, convinced that these tools alone would suffice for profitability. However, this mindset hindered my progress, as I neglected broader market perspectives. Recognizing the limitations of my approach, I embarked on a journey of exploration. I delved into the practices of accomplished traders, discovering diverse strategies such as trend trading, system trading, and mean reversion trading. Today, my repertoire encompasses multiple trading strategies across various markets. This diversified approach has engendered a more consistent capital curve, enhancing my overall returns. The pivotal lesson gleaned from this experience is clear: achieving profitability in trading does not signify the culmination of one's learning curve. On the contrary, ongoing education and exploration of the markets remain imperative for sustained success. How do you become a successful trader when all the odds are against you? Embrace Existing Solutions: Attempting to forge your own path in trading can prove both time-consuming and costly. Instead, seek out established trading algorithms equipped with tested and proven trading rules. Consider investing in algorithms like mine, which come backed by historical testing results. Maintain Financial Stability: Relying solely on trading for income places undue psychological pressure on yourself. The imperative to generate monthly income often leads to hasty and ill-advised trading decisions. Many seasoned traders, therefore, diversify their income streams. For instance, some engage in mentorship or operate hedge funds that levy management fees irrespective of market performance. By securing a stable income through alternate means, you can focus on trading without financial anxiety. Harness the Power of Compound Growth: Albert Einstein hailed compound interest as the eighth wonder of the world. Yet, I propose introducing you to the ninth wonder: the regular infusion of funds to augment profits. Consider this scenario: with an initial $5,000 investment earning an average annual return of 20%, you would amass $191,688 over 20 years. However, by adding an additional $5,000 to your account annually and compounding profits, your total would skyrocket to $1,311,816 over the same period. Witness the transformative potential of consistent contributions and compounding gains.
Education
by truepersonal
3
Nothing can stop it BTCMy previous long setup was pretty perfect. I entered lower wait for the panic to finish, and the support zone i marked worked perfectly. Now, you can do whatever you want, but for sure you can't short Bitcoin. Gold is rising without any break, and you can't stop the rise for BTC. I think we will see a new ATH probably before the Halving, and $75k is higly possible. I moved my stops in break even, but i think in the next 72 hrs we will see lot of volatility. Stay tuned
Long
by SaliJournal
6
$APT performing bullish symmetrical triangle in 1D To trade a bullish symmetrical triangle, observe a consolidation pattern formed by converging trendlines with higher lows and lower highs. Wait for a breakout above the upper trendline accompanied by increased volume, signaling potential upward momentum. Enter a long position after the breakout, aiming for a price target approximately equal to the height of the triangle pattern. Use stop-loss orders to manage risk in case of a false breakout.
Long
by Crypto-Adda_Official
Bitcoin Bullish Cypher & Monthly Bull Div: Is This The Bottom?Since November 2021, the entire crypto market has been in turmoil, wiping out over 2 Trillion Dollars from the market valuation, fallout of high profile coins like TerraLuna, weakness in stablecoins, and an untold amount of scamcoins collapsing everyday, many are wondering when the pain & suffering will finally end, fortunately i believe that with Bitcoin at least the bear market might be wrapping up & is now in the earliest stages of the next bull cycle and here are a few major reasons why: 1. The break below 2017's all time highs around 19k was more than likely a fakeout to trap a lot of late shorts, resulting in the swift recovery we've seen in recent days due to a short squeeze. 2. For the longest time now a target of 18-20K was possible as bitcoin was in the mist of creating a Bullish Cypher Pattern, and the weekend dump finally allowed it to get to the PCZ. 3. Just like how Bitcoin had massive amounts of bearish divergence on the monthly timescale throughout 2021 before this recent bear market, it's now beginning to show signs of Bullish Divergence on both RSI and MACD as the price is making a significant higher low since March 2020's low of $3800. With all of this in mind, while there is still some fear, uncertainty & doubt aka FUD lingering in the cryptosphere, there is no doubt in my mind that Bitcoin is a lot more resilient than most people realize, and it'll be one of the first to rebound the quickest, with only 21 million coins where none can destroyed nor can a single additional coin be created, with a fairly stablized ecosystem, and slowly yet surely catching up to the competition with new upgrades, it's going to survive for decades to come, and this will be one of it's biggest tests yet of it's survival.
INDEX:BTCUSDLong
by CryptoGuy234
2
Bitcoin - How To Trade AprilHello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: Last month Bitcoin finally broke above and also closed above the previous all time high which was roughly at the $60.000 level. Considering that Bitcoin is in a massively bullish market, we could just see more continuation towards the upside. But if we get a retest of the breakout level mentioned in the analysis, you can look for long setups if you are not long on Bitcoin yet. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:BTCUSD
by basictradingtv
13
Celebrate the Success of Bitcoin Cash Post-Halving!I wanted to take a moment to share some exciting news with you - Bitcoin Cash (BCH) has been outperforming Bitcoin (BTC) since the recent halving event! In the weeks following the halving, BCH has shown remarkable resilience and growth, surpassing BTC in terms of price appreciation and overall market performance. This is a clear indication of the strength and potential of BCH as a valuable investment opportunity. As we continue to navigate the ever-changing landscape of the cryptocurrency market, I encourage you to consider diversifying your portfolio and investing in BCH over BTC. With its strong performance post-halving, BCH presents a promising opportunity for traders looking to maximize their returns and capitalize on the current market trends. Don't miss out on the potential gains that BCH has to offer - seize the opportunity to invest in a cryptocurrency that is on the rise and poised for success. Join me in celebrating the success of BCH and take action today by adding BCH to your trading portfolio. Let's ride the wave of BCH's success together and make the most of this exciting time in the cryptocurrency market. Happy trading!
COINBASE:BCHUSDLong
by bryandowningqln
1
BTC - ready to reach 85k BTC will hit 85k in april according to my TA and calculations. this analysis is on 12h time frame and shows an important data. 🔸btc moving in an ascending channel as shown ... and it's 4 days move nearly and above 0.618 fib level 🔸the lower side of the channel , POC line and 0.618 fib level all gatherd in the green box shown in the chart making a confluence zone . 🔸elliot wave impulse as shown not completed yet. 🔸 only 21 days for btc halving Thank you, and for more ideas, hit "Like" and "Follow"!🎯 This analysis is not a trade setup; there is no stop-loss, entry point, profit target, stoplose. I share my trades privately.
Long
by ceciliones
14
BTC - Bullish Trend On For the Next 7 Days ☀️ Later today, a record worth of Bitcoin options, $9.5 billion, are set to expire, a factor that may cause volatility, The Block reports. The release of key US inflation data, the personal consumption expenditures (PCE) index, may also impact the crypto universe if the February data comes in above expectations. Analysts foresee the PCE index up 2.5 percent year-on-year, a level that remains above the Federal Reserve’s 2 percent target. Over the past 24 hours, price of Bitcoin was down 0.5 percent at $70,076, which is 5 percent below its all-time high reached mid-March. Yet, a bullish sun shines over most of the global crypto market, including Bitcoin and Ether, in the next 24 hours and week ahead. This signals further upside potential after a strong quarterly performance. Follow us for more crypto weather news and reports!
BITSTAMP:BTCUSDLong
by ATTMO