Bitcoinlong
Bitcoin - Important StructureHello Traders, welcome to today's analysis of Bitcoin.
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Explanation of my video analysis:
In 2018 Bitcoin created the previous cycle high which was roughly at the $17.000 level. In November of 2020 Bitcoin then broke above the resistance, came back to retest and started its new bullish cycle. If Bitcoin will now retest the confluence of support mentioned in the analysis, I will certainly be looking for more long setups to add to my current long position.
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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.
Long-term bullish trend for Bitcoin. (3-EMA) with periods of 50, 100, and 350 days creates a bullish configuration, where shorter averages are above the longer ones, signaling a potential continuation of the uptrend.
The strength of the trend is also supported around events such as Bitcoin halvings, which historically have been associated with periods of intense price increases. The upcoming fourth halving may be another catalyst for price movements. Equally important could be market events like the approval of a Bitcoin ETF , which could bring new institutional capital to the market.
Increased trading volume during clear price movements indicates significant interest at these price levels, which can be interpreted as confirmation of the trend's strength. The analysis may also point to key resistance levels, which, if broken, could pave the way for further price increases.
Current technical configuration indicates a strong bullish trend, which, if maintained, could lead to testing and breaking through successive price levels. It is always important to remember that the cryptocurrency market is characterized by high volatility and unpredictability, therefore any technical analysis should be regarded as one of many tools for making investment decisions.
Bitcoin $200,000: A Matter of TimeThe price of Bitcoin has historically exhibited an upward trend following each halving event. This phenomenon stems from a combination of factors, including a reduced supply of newly minted bitcoins, increased demand driven by scarcity, positive market sentiment surrounding the halving, and speculative buying fueled by anticipation of future price appreciation.
The price of Bitcoin began to rise significantly in the months leading up to the 3rd halving, which occurred on May 11, 2020. The price rose from around $5,000 in March 2020 to over $10,000 in May 2020. After the halving, the price of Bitcoin continued to rise, reaching a peak of over $68,000 in November 2021.
The fourth halving is estimated to occur in the second week of April 2024. The price of Bitcoin has been rising since the beginning of 2023, and I believe that it could reach $46,000 before halving and forming strong resistance for the next breakout. However, it is also possible that the price of Bitcoin could decline before the halving, as it did in the months leading up to the second and third halving in 2016 and 2020.
After the 4th halving, we can expect a significant upward movement in Bitcoin. Additionally, we can expect ETF approval after the halving, which could further impact the price of Bitcoin and drive it upwards to $200k.
Thanks
Hexa
Bollinger Bandwidth Indicating Bitcoin Rally Incoming?In the video, I share an article I read today about the Bollinger Bandwidth indicator which is potentially showing a market inflection point and imminent start to the next parabolic run.
I also share how I used standard Bollinger Bands differently, with slight modifications to make it very useful as a sell signal at market tops and major inflection points.
Let me know what you think!
Bitcoin Bump-and-Run Reversal BottomBump-and-run reversal bottom here in its run phase.
Price dropped off following the Lead-in Phase, moved into a narrow range, bump formed, rounded upward as price left the bowl and onto the uphill run with retest.
Final existing downtrend sitting at 30k. If the bump and run plays out perfectly, it will visit that level.
BTC: Short-Term Liquidity Hunt Before Bear Trap and DropBitcoin (BTC) is currently positioned for a short-term move targeting liquidity above the current highs, potentially luring in bears. This setup suggests a liquidity hunt, followed by a rebound from the heavily traded area, and then a push towards higher liquidity zones beyond the recent highs. It appears to be a tactical move to trap bears before a significant downturn. While the short-term outlook hints at a bullish trap, my global perspective remains bearish, anticipating a more substantial short position post-liquidity grab around the $44K level, possibly even higher. www.coinglass.com
Bitcoin bull continuationBased on the chart:
If Bitcon gets rejected at $44K then im expecting a micro correction cycle to around FWB:41K before we can continue going up, so lets wait and see.
The micro correction will be creating micro wave 2 correction cycle before we can see and impulse cycle from FWB:41K to complete micro wave 3 cycle of wave 5 impulse cycle to $50K or above before we can expect any drop or correction from $50K.
BTC Bullish Day and Week Ahead? ☀️Cryptocurrencies rallied over the past 24 hours as investors poured in fresh cash, bolstered by the benchmark S&P 500 index hitting a new all-time high on Monday. They are also waiting for new signals from the Federal Reserve meeting up on Wednesday, regarding the up-coming rate cuts in the US.
The price of Bitcoin recovered 3.2 percent over the past 24 hours to roughly 43,400 US dollars, a level last seen just after the approval of 10 spot Bitcoin exchange traded funds (ETFs) mid-January. This sharp increase triggered liquidations of Bitcoin short positions totaling around 40 million dollars over the past 24 hours.
According to ATTMO, a bullish sun will shine over Bitcoin, Ethereum, Binance Coin and Ripple’s XRP in the next 24 hours, while bearish clouds will linger over Avalanche, Dogecoin and Polkadot.
Follow us for more crypto weather reports!
BTC Lower liquidity Grabbed!!!Looks like we will touch some new highs soon | Probably new ATH of 2024 in Feb or April 🤷♂️..
On chart we have:
• Lower Wick (Weekly).
• Bull Flag Pattern (About to burst soon).
• Inverted Head and Shoulder Pattern in 8h and 4h tf.
This whole scenario was performed in MAR'23 and I believe this will play out soon..
Powerful BitcoinI wonder how come you don't follow me?
Please follow me and like the posts before starting to read this analysis. If you have any questions, you can send me a message in the private message section.
Well, according to the previous analysis, we saw a downward fake failure in the chart, which we could recognize as a fake failure using the indicators. Now it's back in full force. I will wait for my target, which is the price of 44200. What do you think about this topic?
Bitcoin - Buy Buy BuyHello Traders, welcome to today's analysis of Bitcoin.
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Explanation of my video analysis:
In 2018 Bitcoin created an obvious resistance level at the $17.000 level. This was the all time high of the previous bullish cycle. In 2021 Bitcoin then broke above this structure and came back to retest it in 2022. So far Bitcoin is looking very bullish and it also just broke above another key structure mentioned in the analysis. If we get a retest I will be looking for longs.
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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.
BTC Bitcoin Jan 25th Update, do or die for the bullsSharing this update from Jan 23rd with the community here
"Crypto is leading again. I was creaming about not going crazy about crypto; you can see why now.
Still think that it will hold into mid-Feb; watching for the weekly support to close above 39.9k to confirm.
The next support target is at ±36k (38.5k was hit), followed by ±34.3k
The main target is at 32-29k
It still has a chance of a takedown move here and a move to 46k into mid-February, but so far, the price is quite bearish, also way below mid-Bollinger and trending lower.
I will be swing long if 32-29k is tested"
One more to note is that the price has broken below is rising channel and a re-test of ~41.3k will be important for the next price action.
Im more leaning into the ABC down into Apr/May low with A wave being in progress now!
Bitcoin 2024 (Scenario 1)Expect the unexpected this year. As you know, I flipped bearish in December. Check out the TA below.
It's taken a while to rollover, but Bitcoin has failed to break the 0.75 Fib Fan. Just like in 2019, week after week, it closed right under it, and now it's finally making a move down.
There are two scenarios that I put together that have probable outcomes.
Scenario 1:
This idea is basically as you see in the main chart above, a deep correction to 30k that comes down to the 0.618 Fan Fib.
We have this diagonal macro support that has three macro cycle low hits. I hate diagonal supports; for me, they never hold up, but we will see with this one.
If we go back in history and see how 2015 played out with Fib Fans, we see a similar pattern with the 0.75 Fib Fan, a rejection, and a move down to the 0.618. The bottom for this cycle low played out very closely to 2015.
The cycle bottom of 2015 and 2022 were a mirror, mind-blowing really.
So in 2015 after a rejection of the 0.75 Fib Fan, Bitcoin comes back to retest its base.
Our base this cycle is 30k.
So why have I marked the timeframes between April and July 2024? Well, there are two time Fib sequences I'm following, one on the LINK/BTC chart, and the other is a macro Bitcoin sequence I have been following for years.
You can check it out below.
Every time we come to a date, something big happens with Chainlink and Bitcoin.
For me, if it continues playing out like 2015, a move to 30k this year is highly likely. Now, Scenario 2 is far more of a crazy outcome, but if I would put my money on it, Scenario 2 happens, not 1. Will publish Scenario 2 later on.
BTCUSD Bitcoin - Jan to Jan , what's next?! 22.1.24The common assumption is that Bitcoin is crazy and unpredictable.
But if we look at the big picture - A technically perfect picture appears, predictable looking at roughly a year and a half of trading.
Connecting the lowest and highest points creates an ascending (rising) tunnel with parallel lows and highs.
The current floor of the long-term trend is around 32,000 per coin.
The current roof of the long-term trend is around 50,000 per coin.
A daily weekly candle close below 40,000 could mean 38,000 to 32,000 would be the next targets to come.
A daily weekly candle close above 40,800 could mean immediate target would be back to
42,000 following with 44,000 and 48,000.
ETF news provide turbulent movements which provide attractive entry points in the bigger picture view of up-trend since beginning of 2023.
A weekly close below 32,000 would be the sign of the picture shifting, but until that happens bitcoin is overall expected to have a very bullish year.
Bitcoin will FOOL YOU : DON'T let them fool you IF bitcoin stay below 40K for 24 hour that mean we will dump to 37500 $ and this area very important area and my analysis say 37500 area will change the direction to bullish and will get Hugh Bumb after consolidation because the RSI indictor will be below 30 and that mean the price in oversell on daily timeframe