BETS- another crypto penny stock resting over the weekend at the 0.5 fib retracement of a 100% 1-2 day move while Bitcoin trends
higher in weekend price action. Can the price action reverse out of the pullback and
retracement with bullish continuation? Relative strength has retreated but held at the 50 level.
Consistent with consolidation, the volume fell off for the close of the trading week. I will take
a long trade in this suspecting it will do well as did HUT and other cryptocurrency penny stocks.
I will set a 5% stop loss and target 25% or the middle of the zone of the topping wicks
on the pivot high of the previous trading day. So, this is a R:r of 5 trade plan. Safe and
conservative especially since I will only use 0.01% of buying power for the trade.
Bitcoinlong
Bitcoin Dominance is bullishBitcoin Dominance is Bullish.
We just broke-out of a correction cycle, with the WXY correction cycle complete, after we had liquidity @51% which signalled a bull continuation, @52% we have another signal for the bullish move continuing.
Just thought i should share, as this helps with also understanding why Bitcoin might be going up in confluence with the fundamentals.
Bitcoin Weekly is Bullish overallBeen following the Btc price for some time now,
On weekly overall we are in a bullish structure, just completed a flat correction around 16000 on our Y bear cycle, then from the we are on wave 1 of our bull cycle, then we gonna need wave 2, 3,4 and 5 to the top.
keep checking my updates on this so you don't miss out.
Bitcoin Bullish OutlookBitcoin breaks the upper ascending triangle trendline with three white soldiers visible in 4H chart. My target is based on the previous pole, 35% rally to $50k or atleast will hit the supply zone around 47-49k USD. Very promising indeed but don't forget to anticipate a fakeout.
Revised Bitcoin Path to $155k - $210k and $100k By the HalvingHere's my Revised Bitcoin Path to $155k - $210k and $100k By the Halving study.
Note: If you're using a Fib based on a Log scale these levels will change, but the $155k level is still the likely target based on a 1.618 vs a 3.618 projection.
In this video I've outlined the 10 factors including the ETF money flows already coming in.
Each of these factors could help ignite the other 9, and contributing to a near term mega rally.
The chart bars pattern in Blue is a copy of the previous cycle where this happened, so we we know this is possible.
A near term pullback from $50k is likely however, and healthy.
I anticipate this would be the best / safest entry point and best scenario for a much larger push higher as noted above.
I've also outlined 5 potentially negative factors which could slow growth, but are less likely.
Would love to hear your comments below!
BITCOIN: Hong Kong's Entry into the Cryptocurrency ArenaBITCOIN: Hong Kong's Entry into the Cryptocurrency Arena
In the ever-changing landscape of cryptocurrencies, Bitcoin (BTC) has recently been treading water, leaving investors with an air of uncertainty about its future path. This comprehensive report delves into the current dynamics shaping cryptocurrency prices, potential catalysts steering future valuations, and a detailed technical analysis of Bitcoin.
Federal Reserve's Sway:
All eyes are on the Federal Reserve (Fed) as it gears up for an upcoming interest rate decision, wielding the potential to sway the crypto market. While expectations lean toward the Fed maintaining the status quo, the nuances in their accompanying statements and Chairman Powell’s press conference could introduce an element of unpredictability. Factors like easing inflation and challenges in the US manufacturing sector might prompt a more dovish stance, injecting optimism and potentially boosting crypto investments.
Return of Chinese Investors:
Reports are surfacing about a resurgence in interest among Chinese investors in the crypto market. Economic uncertainties in China, coupled with concerns about the stability of Chinese developers and the liquidation order for Evergrande, are pushing investors towards alternative assets. Despite the crypto ban in China, intermediaries are facilitating investments, painting cryptos as electronic gold. If this trend continues, we might witness sustained growth in the crypto market, but regulatory crackdowns could cast a shadow.
BTC ETFs Expanding Horizons:
Following the SEC’s green light for BTC ETFs in the US, the spotlight now turns to Hong Kong. Financial institutions are reportedly gearing up to file BTC ETFs with the Hong Kong Securities and Futures Commission. This global expansion of Crypto ETFs, post-US approval, underscores the growing acceptance and interest in cryptocurrency investment avenues.
Navigating the Technical Terrain:
From a technical perspective, BTC recently rebounded from the $38,000 support on January 23, initiating an upward trajectory within a Megaphone pattern. The next milestones for the price are ambitiously set at $45,000 and $50,000.
As the crypto market grapples with economic shifts and evolving regulations, the Fed's decisions, sentiments of Chinese investors, and the global expansion of BTC ETFs stand poised to influence Bitcoin's journey in the weeks ahead. Traders and investors should remain vigilant, ready to adapt their strategies to the ever-evolving crypto landscape.
Bitcoin bull continuation to $50kBullish correction with a ABC flat complete, now a wave 5 rally is incoming,
$50K is expected as resistance, off which we might break above the price and continue rallying.
Bullish Week Ahead for BTC? 🌞 Time to Long?Cryptocurrencies rose sharply on Friday and over the weekend, with the price of Bitcoin surging close to its cycle high reached mid-January. This in turn triggered a massive wave of liquidations, wiping out millions of dollars.
The price of Bitcoin was up 0.3 percent at 48,300 dollars over the past 24 hours, compared to 46,300 dollars on Friday.
A bullish sun shines over Bitcoin, Ether and Binance Coin in the next 24 hours and over a one-week horizon, signaling upward potential. As for Ripple’s XRP, Avalanche and Polkadot, they will face bearish clouds, rain or even a storm, indicating downside risk over the short and medium term.
The outlook is mixed for Cardano, Dogecoin, Uniswap and Polygon which face clouds in the coming 24 hours, but sun and upside potential over a one-week horizon.
Follow us for more crypto weather reports!
Bitcoin target 185000 by January 2026CEO of Blackrock Larry Finx cameout this week claiming CRYPTOCAP:BTC Bitcoin is the new digital gold and a wonderful asset to preserve capitol. The stars are aligning for the prophecy of a crypto supercycle to begin!
$btc Bitcoin price action still rising in channel....UP or Down?CRYPTOCAP:BTC Bitcoin's price action has remained in this rising channel since around 26000.
Current price: 48100
If price continues to respect this channel expect to find previous resistances: 50600, 53500, 55200
#bitcoin is also spotting a double top with a bearish divergence on the daily timeframe oscillator.
if price cannot rise past current resistances expect price to retest supports at: 47200, 44200, 41800, 39400
Decision point!
bitcoin longConstantly analyzing Bitcoin involves posing a singular question: Where is Bitcoin headed?
Presented here is a technical analysis of Bitcoin utilizing Elliott Waves. Currently, we anticipate a price correction in the form of an ABC pattern before the upward trend resumes.
It is crucial to note that despite market fluctuations, Bitcoin is not up for sale; every decline serves as a favorable buying opportunity.
However, it's imperative to understand that our analysis does not provide explicit buy or sell signals. We encourage you to thoroughly study the market and form your own perspective before making any trading decisions
Bitcoin Update | Alt Coin Update | Crypto Update | 11 Feb 2024Hello Trades ,
This is just an quick update on Crypto Market. Weekly levels will be posted shorty
BTC Update - 10.02.2024 / Long confirmed4 hour chart:
The market over the weekend is not happy with the moves, let's look at the bitcoin chart and targets for the next couple weeks.
After price got an upside exit from accumulation, which I wrote about in the previous breakdown, got an impulsive move up coming into accumulation from above and the bts zone, leaving liquidity at the top to deliver price behind the local and key high.
I don't see the point of shorting against such an aggressive move, so I am looking at a couple POIs to consider futures long positions.
1. 4 hour imbalance + ind (I am considering a nascent long on ltf, after which I will consider).
2. 4 hour breaker imbalance (I will look for confirmation on higher timeframes, because if we mitigrate this zone of buyer interest, the structure on ltf was broken to short).
In any case, I advise you to put a small % of your deposit in positions on the weekend, as the chances of manipulation are extremely high!
Not financial advice, always think with your head! ❗
Bitcoin A quick long trade on potential Price JumpBitcoin LONG trade on 1H chart based on the support resistance,
for last couple of trades, BTC's both support and resistance got rejected multiple, however we can see a strong support compared a weak resistance. If the price continues to play like this we can see a sudden jump in the bitcoin Price.
BTC entry: 26950 - 27000
Stop Loss: 26686
Take profits at 27289, 27472
move the Stop Loss to breakeven once the price moves up signifcantly, we will update when we move SL to BE. follow us to get notified on any new updates on this trade.
Yours!
Bitcoin is going much higherBitcoin has reclaimed the range eq and swinging to the range high.
I'd like to see a little correction toward the eq over the coming days, with a following reclaim of the ranges upper quarter eq and consolidation before breakout.
Either we get this setup, or BTC smashes the range high and continues upward imo.
Exciting times.
Vatsik
📈Bitcoin price movement near 40K level📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
After receiving support around the level of 38-39 thousand dollars, Bitcoin now has two possible scenarios in front of it.
If the price fails to stabilize in the specified area, the bearish scenario will be activated. But according to the divergence of the indicated indicators in the chart, Bitcoin can advance towards $41,500 to $42,500 after stabilizing above the yellow zone.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
BTC and IBIT Blackrock ETF prices are pushing higher!Bitcoin and IBIT Blackrock ETF prices are pushing higher showing buyers are back in the game.
But I also think we're hitting the upper range of this trend channel and likely due for a pullback.
The Total Market Cap has a strong resistance area around $1.75T
My thesis is that Bitcion pulls back after this bull trap rally and pushes back towards $38k before resuming the bull run (which would still be in the uptrending channel and bullish market structure).
What are your thoughts?
BTCUSDT: 4-Hour Rally to 46000! 🚀🎯Dive into the world of BTCUSDT as we ride the 4-hour chart with an active trade, capitalizing on a strong uptrend. An order block has formed, and an adaptive trend is in play, signaling potential gains. Keep your sights on the target: 46000.
This is a dynamic market scenario, and active trading decisions should align with thorough research and risk management. Always stay informed and adapt to changing market conditions.
Note: We are not responsible for any profit or loss resulting from trading decisions. Trade responsibly and consider consulting a financial advisor.
Explore the opportunities, navigate the charts, and consider the potential of BTCUSDT with this active trade analysis. 🌊💹 #BTCUSDT #ActiveTrade #Uptrend #DynamicMarkets
BTC Update - 06.02.2024 / Long is coming4h chartt:
on the senior time frame I see the price is in accumulation, the breaker imbalance is holding at the bottom, the key boundaries of accumulation at the top.
I think that the local minimum has already been seen, if we go even lower I will look for positions inside the accumulation lower, but I think it will not happen.
From above there are targets in the form of the key accumulation along with the seller's manipulation zone, also the key high.
I am considering positions from POI on ltf, or if we go lower into the breaker imbalance zone!
Not financial advice, always think with your head! ❗
Bitcoin SOON to 70K after Break this consolidation area bitcoin will continue rising up please if you are long enjoy watching
cheers
BITCOIN - THE CALM BEFORE THE STORM (TARGET 50K & BEYOND)The Bitcoin show is never ending! Price is clearly showing signs of bullish activity and I had to put behind my strong bearish bias and change camps. I think this is the moment we have all been waiting for and it is time for Bitcoin to spread its wings and fly to new heights! Here is what I see:
What is on the chart? (follow the steps)
1. Prime Entry Conditions: The presence of a significant Fair Value Gap (FVG) on the daily chart, coinciding with a Break of Structure (BOS) level within a Fibonacci reload zone (spanning from 0.618 to 0.786), sets up an exceptional scenario for investors eyeing a long-term position. This confluence of technical indicators suggests a strong potential for reversal, making it an attractive entry point for those looking to capitalize on the ensuing swing.
2. Impact of Bitcoin ETF Hype: The market experienced a notable consolidation phase, primarily driven by the anticipation surrounding the approval of a Bitcoin spot ETF. This period was marked by extreme volatility, as traders and investors reacted to the unfolding developments, highlighting the sensitivity of the market to regulatory and institutional changes.
3. Sell-the-News Reaction: Following the hype, a classic 'sell the news' event occurred, where a weekly buyside liquidity line indicated a temporary top, leading to a reintegration into the previous range. While a larger correction was anticipated by many, including myself, the actual bottom formed in the subsequent step wasn't arbitrary but rather informed by underlying market mechanics.
4. Assessing Trend Strength: In retrospect, the weakening of the bearish trend was evident through the behaviour of open interest (OI). As prices fell, so did OI, indicating that the downward price action was more about traders exiting positions rather than initiating new shorts. This critical insight, missed at the moment, became apparent in hindsight, especially as prices stabilized within the Kumo cloud and rebounded from the daily FVG, signalling a potential bottom.
5. Bullish Accumulation and Resistance: The current phase shows signs of bullish accumulation, supported by the daily Kumo, yet faced with resistance at both the daily FVG and the Kijun line. This situation presents two likely paths: a retracement offering a more favourable entry point or a surge driven by significant ETF news, possibly from a major player like Blackrock, injecting substantial capital and sparking euphoria. Regardless of these speculative scenarios, it's crucial to stay grounded and open to various outcomes.
6. Anticipated Trend Continuation: Looking ahead, the expectation is for the trend to resume its upward trajectory, potentially setting new all-time highs. This outlook is based on the accumulation of factors previously discussed, each playing a role in shaping the market's direction.
As always, I hope you appreciate my insights and have a great day! - Lexi ;)
BITCOIN Breakdown of Whats Going On - 06/02/2024Hello everyone,
I have to update on update of previous post, to break it down little clearer for some of you, to explain why RIGHT NOW Im very causious...
For that purpose Im going from Highier to Lower timeframes, to get clearer picture of what is the MOST possible at this moment..
So, If we go from 5Day to 4h timeframe, its clearly to see that we are "stucked" in consolidation of last 5D candle, which was our "top" of 2023 and we are in process of "accumulation/distribution" either shorts/longs before moving further (as stated yesterday, longer we stay highier, chance of continuation of going highier increasing)...
So as you know, I WAS of opinion, that we should go lower to swept Sellside liquidity, before moving further... but since FED meeting changed nothing, I HAVE TO stick with my Highier TimeFrame perspective...
And thats it, as presented in Q1 update - Due to previous experience in similar market conditions I should suggest that until nothing change & FED start cutting rates, market will move Highier with Time until this change come!
Breakdown :
5 DAY -
to
1 Day -
On 1Day, we can see much better, that we first swept Buyside liquidity of that 1st Rectangle consolidation, before we processed to swept Sellside liquidity... BUT NOW, we came EXACTLY BACK where we WAS, which SHOULDNT be CASE if we continuing LOWER with confidence...
So, we HAVE TO go to 4hr, to make "better and clearer" guess of whats happening...
4h -
So , I added 1 more layer of rectange... which is LAST WEEK RANGE...
You can see, its relatively tight with its own "consolidation" (i put green cut line between for better visibility)... and YESTERDAY, we firstly swept highs, then lows and now we proceeding to going back up.. in this case, IF WE ARE ABLE to MOVE ABOVE that FED HIGH I would expect with high probability of moving further up, ONCE WE GET ABOVE OUR CONSOLIDATION BOX, both of them!
-- One more 4hr chart with SMA , which I do not use as "trading tool", but in my obsertvation-> When they are stacked like now and we moving in tight range in same time.. WHEN Price BREAK above/under them with "test" - in most cases it continuos in that direction for pro-longed period of time.
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
BTC Market Update 5th February In the latest analysis post, I've closely examined the performance of Grayscale Bitcoin Trust (GBTC) with a particular focus on recent liquidity movements. Over the past week, spanning five trading sessions, a noticeable deceleration in the rate of daily outflows from the trust has been observed. Specifically, the average daily outflow rate has contracted by +20%, indicating a substantial reduction in the volume of withdrawals.
Since its inception, Grayscale's Bitcoin exposure has significantly diminished, registering a reduction of 127,000 BTC, equivalent to a 20.5% decrease in its holdings. This contraction can be attributed to various factors, including the liquidation of positions by discount buyers, the unwinding of assets by the FTX estate, and a notable shift by investors towards more cost-effective ETF options available in the market.
Regarding Bitcoin's market direction, my analysis suggests a period of consolidation before any potential upward momentum. Currently, there are no discernible indicators hinting at an imminent downturn in Bitcoin's value; the market conditions appear stable and ready to grow. This stability holds significance for the crypto market, as historical patterns indicate that an increase in Bitcoin's price often precedes similar uptrends across the broader altcoin market. In essence, when Bitcoin's price rises, it tends to have a ripple effect, elevating the value of other coins.
The intricate interplay between Bitcoin's liquidity movements and its price dynamics, coupled with the subsequent impact on the altcoin market, underscores the complexity of the cryptocurrency investment landscape. Having a long exposure in the consolidation range is considered a favorable entry point, especially for portfolios without existing long exposure.
