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Bitcoin Cash Halving Jitters: A Cautionary Tale for Bitcoin? With Bitcoin's fourth mining reward halving just days away, all eyes are on the leading cryptocurrency. However, a recent price slump in Bitcoin Cash (BCH), a derivative of Bitcoin, is sending a potential warning sign to Bitcoin traders. Understanding the Halving Bitcoin's mining reward halving is a pre-programmed event that occurs roughly every four years. It cuts the number of new bitcoins awarded to miners for verifying transactions on the blockchain in half. This economic model is designed to control the overall supply of Bitcoin, theoretically leading to price appreciation in the long run due to scarcity. Bitcoin Cash: A Proxy for Bitcoin's Halving? Bitcoin Cash (BCH) emerged from a hard fork of the Bitcoin blockchain in 2017. While sharing similar core functionalities, BCH has a larger block size, allowing for faster transaction processing compared to Bitcoin. Historically, the price movements of Bitcoin Cash have often mirrored those of Bitcoin, making it a potential indicator for Bitcoin's future performance. This is why the recent post-halving price drop in BCH has some analysts worried about the potential impact on Bitcoin after its upcoming halving on April 20th. BCH's Cautionary Tale: A 15% Slide Following its own halving on April 4th, 2024, Bitcoin Cash experienced a significant price drop of around 15%. This decline suggests that the anticipated rise in value post-halving might not materialize immediately. Furthermore, BCH futures markets also witnessed a significant drop in open interest, indicating a potential decrease in bullish sentiment among traders. Negative funding rates on BCH perpetual futures contracts further highlight a shift towards a bearish outlook. Why BCH Might Not Be a Perfect Proxy While BCH offers some insights, it's important to acknowledge key differences between the two cryptocurrencies: • Market Capitalization: Bitcoin dwarfs Bitcoin Cash in terms of market capitalization. This vast difference means that Bitcoin's halving will likely have a more muted impact on its price compared to BCH. • Adoption Rate: Bitcoin enjoys a wider user base and higher adoption rate compared to BCH. This translates to a potentially more robust and resilient market for Bitcoin. What to Expect for Bitcoin's Halving Despite BCH's recent price slump, predicting the exact impact of Bitcoin's halving remains a challenge. Here are some factors that could influence Bitcoin's post-halving performance: • Institutional Investment: Increased institutional investment in Bitcoin could provide significant support for the price post-halving. • Regulatory Landscape: Evolving regulations surrounding cryptocurrencies can significantly impact investor sentiment and market stability. • Overall Market Conditions: Broader economic factors and the prevailing risk appetite in the market will also influence Bitcoin's post-halving trajectory. A Measured Approach: Long-Term Perspective While the BCH price movement post-halving is a cause for some concern, it shouldn't be the sole indicator for Bitcoin's future. Investors should approach the upcoming halving with a well-rounded perspective, considering the unique fundamentals of Bitcoin and the broader market environment. Historically, Bitcoin has demonstrated a tendency for price appreciation in the long term after halving events. However, short-term volatility is inevitable. Investors should exercise caution and adopt a long-term investment horizon when navigating the complexities of the cryptocurrency market. The Bottom Line: A Learning Experience The recent price behavior of Bitcoin Cash serves as a valuable learning experience for Bitcoin traders. It highlights the inherent volatility in the cryptocurrency market and the potential for short-term setbacks even after anticipated positive events like a halving. While BCH might not be a perfect proxy, its performance offers a glimpse into the potential psychological impact of a halving on investor sentiment.
COINBASE:BCHUSD
by bryandowningqln
BTC Bullish ☀️ Over the Next Week - Further Upside LikelyThe cryptocurrency trend was positive over the past 24 hours ahead of Bitcoin’s halving next week and despite the release of higher-than-expected US inflation data that initially pushed prices lower. “Whether the Fed cut rates 25bps in June or not isn't the long-term driver of bitcoin prices right now. It's a marginal factor. ETF flows + rising deficits matter more, and they are lining up very well for bitcoin,” commented Matt Hougan, Bitwise Invest’s chief investment officer. The spot Bitcoin exchange traded funds (ETFs) approved in the US three months ago exactly recorded $124 million in net inflows on Wednesday. There are currently roughly 19,680,000 Bitcoins in circulation. “Investors in US ETFs own 838,730, or 4.3 %. If we exclude the BTC that has not moved in the last 3 years (9,650,000), the US ETFs own 8.4%. If we exclude the BTC that has not moved in the last 1 years (15,190,000), the U.S. ETFs own 18.7%,” the crypto profile @HODL15Capital noted. Quarterly regulatory filings starting to drip in also show that financial advisers have acquired spot Bitcoin ETFs. Signal Advisors, for example, reported that it holds more than 20,000 of BlackRock’s NASDAQ:IBIT ETF, BlockBeats reports. A bullish sun shines over the global crypto market in the next 24 hours, including Bitcoin and Ether, signaling upside potential. Over a one-week horizon, the trading conditions will be mixed with bearish clouds lingering over Uniswap, Polkadot, Ripple’s XRP and Binance Coin, indicating downside risks. The sun will, however, continue to shine over both Bitcoin and Ether over this medium-term time horizon. Follow us for more crypto news and crypto weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
BTC Cup and Handle Forming | 120K SOONCRYPTOCAP:BTC has formed a cup over the last few years and we are seeing a short term downtrend to the last major resistance level from the 2021 ATH around 64K-69K. This may very will set us up for a perfect cup and handle formation if we: Break below the resistance Find support at a reasonable level, lets say 58K-60K lowest Move back up and retest the resistance Break the resistance again This would confirm our cup and handle pattern. It is then probable to conclude that Bitcoin could reach new all time highs around $120,000 per Bitcoin . This target is predicted by measuring the resistance line to the cup's low, and then adding that measurement to the breakout. That would give us another 77% gains from current prices. Keep an eye on this chart over the next few days and weeks to see if the handle of our pattern forms. DYOR and bring home those gains.
COINBASE:BTCUSDLong
by altsandislands
1
My own BTC theory in play?I have a theory surrounding the 300ema and 300sma, and their crossing. In my charts the 300ema is always in orange and the 300sma is always in green. In my findings so far, whenever the ema crosses bearish over the sma, there usually is an upcoming opportunity for price to go below these moving averages. In most cases, price will reverse and will correct to the upside of the moving averages. And repeat.... Here on the BTC 4H chart, we've had a bearish cross of the ema over the sma. If my theory is correct, we should se some sort of price action below the moving averages in the near future. This could be a pierce below, or temporary sustained price action (accumulation). I also just noticed the huge gap in volume on the VPVR(right side of my chart). A lot of time, price will like to fill these gaps. So, possibly that could be bottom area of the pullback if we get one, and if it goes that low. Just throwing out some ideas. Please like, share, boost, etc... Not financial advice, just my 2cents..
BINANCE:BTCUSD
by Cosmicbag
1
BTC Analysis of Seasonal Trends in Financial MarketsThe first and simple indicator from Shark Trading is now publicly available, along with a lecture on the advantages of using the seasonal indicator. You can also find it on the Tradingview portal and support it with a like: Dear Traders! The seasonal indicator is a powerful analytical tool that helps you better understand the market and make more informed decisions. It not only provides visual representation of various seasonal changes but also helps identify patterns and trends that may go unnoticed in regular analysis. An important feature of this indicator is the ability to customize the color scheme and transparency for each season, as well as choosing between the southern or northern hemisphere. This allows you to tailor the indicator to your preferences and analytical needs. With the seasonal indicator, you'll be able to: 1. Gain a better understanding of the current market state: Displaying seasonal changes helps you better orient yourself in the current market position and identify potential trading opportunities. 2. Identify trends and cyclicality: Analyzing seasonal changes allows you to identify recurring patterns and cycles in the market, helping to forecast its future movement. 3. Optimize trading: Knowing seasonal trends enables you to optimize your trading strategy and make more reasoned decisions about entering and exiting trades. 4. Improve analytical skills: Working with the seasonal indicator helps you develop your analytical skills and improve your understanding of the market. We invite you to read a more detailed article about this indicator and try using it in practice. This tool can become an invaluable assistant in your trading and help you reach new heights in your trading career. Don't miss the opportunity to improve your results - study and apply the seasonal indicator today! ______________________________________________________ Hello, dear traders! In this trading idea, we will present an overview of the seasonal indicator. The seasonal indicator settings allow you to change the color and transparency of each season, as well as have the function of selecting the hemisphere - southern or northern. In addition, this indicator includes an additional trend indicator that displays the direction of price movement. In accordance with the color coding: - Winter is denoted by blue color. - Summer is represented by green color. - Autumn is denoted by orange color. - Spring is denoted by yellow color. All elements on the chart of a certain color will be attributed to the corresponding season. For example, trend lines or levels marked in blue will be associated with the winter season. ______________________________________________________ Winter Explanation of price movement in winter: 1. Number 1 and the blue line denote the maximum price of Bitcoin. Note that they always form at highs, which is consistent. 2. Number 2 and the blue line denote the minimum price specifically in the winter period. This is indeed the price minimum and the low point in the cycle. 3. Number 3 and the blue line denote a local maximum after which the price begins to rise towards line number 1, which acts as a global resistance. 4. Number 4 denotes the last winter cycle before breaking the global maximum. It should be noted that in 2017, the resistance was not broken immediately - first in the spring, and then at the beginning of 2018, the maximum was set and the asset's growth occurred in winter. Additionally, it is worth noting that numbers 1 form the maximum, numbers 2 form the minimum, and since the trend is descending, its line is marked in blue. ______________________________________________________ Summer Now let's consider the price behavior chart for the summer. To make the situation clearer, I've left a descending trend in blue on the graph. I reiterate, elements shown in green on the graph specifically pertain to the summer period. 1. Number 1 on the graph denotes the first summer period! The price during this period remains within a narrow range 90% of the time; however, it's worth noting that impulsive movements can occur at the beginning, middle, or end. Thus, 90% of the time, the price is in a low volatility zone, while the remaining percentage is in a high volatility zone. 2. Number 2 on the graph represents the second summer period, where a pattern is observed: the price tends to rise at the beginning of the summer period and fall towards the end. Therefore, I've marked this time with an arc, and there's a pattern to it. It's worth noting that during the period of the descending trend from 2014 to 2016, the situation after the downward trend differs from the situation in 2018 and 2023, when changes in the arrangement of this situation occur after the breakout of the descending trend based on wave analysis and the price of the asset itself. 3. Number 3 represents the third summer period! During this period, the price movement direction is upward and then downward, forming a correction in the upward trend. It should be noted that in this movement, all lows gradually rise, while highs renew all previous local highs of the asset price. This period exhibits increased volatility and impulsive movements, with the asset price mostly staying within a range of minimal volatility, with volatility not exceeding 1-2% on some stretches. 4. Under number 4, the fourth summer period is indicated, which has an overall upward direction. In this period, the movement is aggressively upward. Starting from the first month until the middle of summer, the price moves downward, forming a correction in the upward trend. Then, during the next month, the price moves aggressively upward, renewing price highs. Volatility in this period is anomalously high, resembling a hot July summer. Additionally, based on the price movement in the summer period, we can assume that fractals are evident here, which we can use to our advantage for profit. ______________________________________________________ Shark Trading - We invite you to read a more detailed article about this indicator and try using it in practice. This tool can become an invaluable assistant in your trading and help you reach new heights in your trading career. Don't miss the opportunity to improve your results - study and apply the seasonal indicator today!
BITSTAMP:BTCUSDLong
by SHARK1318
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
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