YOU ARE NOT OPTIMISTIC ENOUGH FOR $BTCAs long as #Bitcoin remains above 61.3K, harsh movements are inevitable and will continue to move towards new ATHs.
Bitcoinlong
Is Bitcoin's Golden Cross Signaling Parabolic Moves Ahead?Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investing in cryptocurrencies is highly volatile and speculative, and it is essential to conduct thorough research before making any investment decisions.
Bitcoin (BTC), the pioneering cryptocurrency, has exhibited a remarkable surge in recent days, forming a bullish technical pattern known as a golden cross. This development has fueled optimism among analysts, who are predicting parabolic price movements shortly.
Bitcoin's price has consistently climbed over the past three days, reaching its highest point since July 29th. This robust uptrend has propelled the cryptocurrency to retest the psychologically significant level of $68,000, marking a substantial increase of nearly 40% from its August low.
The Golden Cross: A Bullish Signal
The formation of a golden cross occurs when a short-term moving average (SMA) crosses above a long-term SMA. This technical pattern is widely regarded as a bullish signal, suggesting that the underlying asset is experiencing a reversal from a downtrend to an uptrend.
In Bitcoin's case, the golden cross was formed when the 50-day SMA crossed above the 200-day SMA. This indicates that the cryptocurrency's short-term momentum has turned positive, potentially signaling a sustained uptrend.
Analysts Forecast Parabolic Moves
Encouraged by the golden cross and Bitcoin's recent price performance, analysts are expressing bullish sentiment and predicting parabolic price movements. Parabolic moves refer to rapid and exponential price increases, often characterized by a steep upward curve.
Several factors are contributing to this optimistic outlook:
• Institutional Adoption: The growing interest and adoption of Bitcoin by institutional investors, such as corporations and hedge funds, are seen as a significant catalyst for price appreciation.
• Macroeconomic Factors: The ongoing uncertainty surrounding global economic conditions and inflationary pressures is driving investors towards safe-haven assets like Bitcoin.
• Technical Indicators: In addition to the golden cross, other technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are also signaling bullish momentum.
Breaking Above the Falling Wedge
Bitcoin's price action has also been supported by a breakout above a descending falling wedge pattern on the daily chart. This technical formation suggests that a bullish reversal is underway, further bolstering the case for higher prices.
However, it's important to note that while Bitcoin has reached a new high, it has yet to close a daily candle above the resistance level of the falling wedge. A successful close above this level would confirm the breakout and increase the likelihood of further upward movement.
Conclusion
The formation of a golden cross and the breakout above a falling wedge pattern have ignited bullish sentiment surrounding Bitcoin. Analysts are predicting parabolic price movements as institutional adoption, macroeconomic factors, and technical indicators all point towards a sustained uptrend.
While the cryptocurrency's future remains uncertain, the current technical landscape suggests that Bitcoin is well-positioned for a significant price increase. However, it's crucial to approach investing in cryptocurrencies with caution and be aware of the inherent risks involved.
Bitcoin could go parabolic very soon!Hello Tradingview community!
As always: If this pattern I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
I got 2 scenarios that's considered BULLISH clearly..
Yellow line: Breakout now and retest the channel for higher prices later on
White line: Have some corrective price action now and breakout a bit later
Always a chance none of these scenarios works.. But we shall see!
BOOST and follow for more charts
NFA DYOR <----
Bitcoin to new all time high Bitcoin daily chart closed above the 67k
I'm now 14% ROI in this trade that started September 1st and 30% ROin total (2 trades)
Next week will be huge we will see a new all time high
Will the all-time high in open interest support Bitcoin's rally?Macro theme:
- Bitcoin jumped over 5% yesterday, following a positive trend across the crypto market. This has fuelled investor optimism for further gains in the coming months. Improved market sentiment, global stock rallies, and limited negative news from Middle East tensions have supported the rise of bitcoin.
- Additionally, open interest in Bitcoin futures and perpetual surged by about 33,000 bitcoin last week, reaching an all-time high in USD terms, according to ETC Group. These factors strengthen the case for a continued rally through "Uptober."
Technical theme:
- BTCUSD is around its resistance at 68340, confluence with the descending trendline. The price is trading above both EMAs, indicating a solid bullish momentum.
- If BTCUSD extends its rally above 68340, it may retest the nearby key resistance area 71400-73000.
- Meanwhile, BTCUSD may retrace to test its support area at 62800-64400 before resuming its upward movement.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Bitcoin to $69K? Corrections, Pitchforks, and Fibs—Oh My!Bitcoin is making its way toward that $69K target, but it’s not going to be a straight shot—expect a few corrections along the way. Using pitchforks and Fibonacci levels, we’ll map out where BTC might stall or pull back before reaching the goal.
If this breakdown was helpful (or at least mildly entertaining), give it a like, share your thoughts in the comments, and hit follow for more updates. Your support keeps the analysis flowing—because let’s be honest, predicting Bitcoin’s next move without these tools is like trying to guess when your next Amazon package will actually show up
Happy Trading
Mindbloome Trader
BITCOIN IS FINALLY READY TO LIFT OFF !!After several months of consolidation and reaccumulation between $50,000 and $70,000 USD, OKX:BTCUSDT BINANCE:BTCUSDT INDEX:BTCUSD CME:BTC1! has formed a massive bull flag and is finally beginning to break out.
Since 2012, Bitcoin has surged in the weeks leading up to U.S. presidential elections, only to experience a "sell the news" event afterward, regardless of the winning candidate or party. Mark your calendars for November 4th, 2024, to stay ahead and avoid potential liquidations.
This pattern is corroborated by most altcoins, which are signaling strong buy indicators through multiple technical factors.
Also, please remember the annual tax sell-off that typically occurs in late December.
Bitcoin is on a path toward $140,000–$160,000 by March 2025, which I expect to be the ultimate peak.
The 16-year cycle, which has held on average for the past 100 years, will conclude, leading to a global recession akin to 2008 but even more severe. The events of 2022 and the August 2024 flash crash were just preludes to what may be coming.
Please note, this is not financial advice. Always conduct your own research, exercise due diligence, and practice proper risk management.
(I apologize for the picture from KuCoin on top of the TradingView chart; I forgot to renew my premium subscription.)
Best regards, and may fortune favor the bold,
cy4ne
Bitcoin Parabolic Bull Run with the Latest 200-Day MA CrossAfter a brief dip below the $60,000 mark on October 10, Bitcoin (BTC) has regained momentum, inching closer to its all-time high (ATH) of $73,700, reached in March of this year.
This price recovery follows considerable volatility experienced by the largest cryptocurrency on the market throughout the year, with significant price swings, including sharp falls of almost 20% on 5 August and 6 September.
The 200-Day Moving Average (MA)
A key indicator to watch for Bitcoin is the 200-Day Moving Average (MA). This technical analysis tool represents the average closing price of Bitcoin over the past 200 days. When the price of Bitcoin crosses above this long-term moving average, it often signals a bullish trend reversal.
Historical Significance
Interestingly, the last three times Bitcoin's price crossed above the 200-Day MA, it triggered a "parabolic bull run." This refers to a period of rapid and sustained price increases, characterized by a parabolic curve on the price chart.
The first instance occurred in 2016, when Bitcoin's price surged from around $400 to over $20,000 within a year. The second instance took place in 2019, with the price climbing from roughly $3,000 to nearly $14,000 in a similar timeframe. Most recently, in 2021, Bitcoin's price soared from approximately $29,000 to its ATH of $73,700.
Current Outlook
Given the historical significance of the 200-Day MA crossings and the recent price recovery, many analysts are closely watching Bitcoin's price action in anticipation of a potential breakout. If Bitcoin successfully breaks above its ATH, it could signal the start of a new parabolic bull run, potentially leading to even higher price targets.
However, it's important to note that the cryptocurrency market remains highly volatile, and past performance is not indicative of future results. Several factors could impact Bitcoin's price trajectory, including regulatory developments, macroeconomic conditions, and investor sentiment.
Key Considerations
As investors evaluate the potential for a Bitcoin breakout, they should consider the following factors:
• Regulatory Environment: The regulatory landscape for cryptocurrencies varies across different jurisdictions. Favorable regulatory developments can boost investor confidence and drive price appreciation, while unfavorable regulations can create headwinds.
• Macroeconomic Factors: Global economic conditions, such as interest rates, inflation, and geopolitical events, can influence the overall market sentiment and impact the demand for risk assets like Bitcoin.
• Investor Sentiment: The prevailing sentiment among investors towards Bitcoin plays a crucial role in determining its price direction. Positive sentiment can fuel buying pressure, while negative sentiment can lead to selling pressure.
• Technical Analysis: Technical indicators, such as moving averages, relative strength index (RSI), and support and resistance levels, can provide valuable insights into Bitcoin's price trends and potential future movements.
Conclusion
Bitcoin's price action is approaching a critical juncture, with the potential to break above its all-time high. The historical significance of the 200-Day MA crossings and the recent price recovery have fueled speculation about a new parabolic bull run.
However, investors should remain cautious and conduct thorough research before making any investment decisions. The cryptocurrency market is subject to significant volatility, and it's essential to consider the various factors that could impact Bitcoin's price trajectory.
13% profit 30% in total, bitcoin might do a new higher high Recap: first off all congratulations to everyone who followed my signals, we are on our second trade the first one made more than 16% profit and the second since September 1st made more than 13% and still going strong
Since September 1st I've guided my followers through entry and exit points and thanks to my perfect entry the last panic sale didn't put us in the red even thought I've pleaded every trader to buy Bitcoin and that it will at least go above 65858$ and I've been trolled for saying that now the joke's on you
Bitcoin will continue it's uptred and might do a new higher high
Good setup for BitcoinA break from the correction, marked here on the chart on the upper trendline, will be bullish for Bitcoin.
There are some very good signs so far:
1. The MACD lines on the weekly chart seem to be converging, potentially going from negative to positive.
2. On the daily chart, we see the same pattern. This time, we broke the minor correction trendline with MACD lines already showing positive convergence.
The power of one setup is often sufficient, but if it's valid on multiple timeframes, it's even better.
What's your take on Bitcoin here?
BTCUSD Come on Baby, You are Ready to Bullrun1. Current Price Action
Price is trading at around $64,719, approaching the previous all-time high of $67,752.
There appears to be a breakout from a downward wedge pattern, indicating a potential continuation of the uptrend.
The price target projected from this wedge is aiming towards higher levels.
3. Future Price Targets
1.272 Fibonacci extension is marked at $100,214, which seems to be the next major target on the upside if the price breaks above the previous all-time high ($67,752).
The chart suggests that there’s a good probability of Bitcoin rallying towards this level if bullish momentum continues.
4. Trend Analysis
The breakout from the wedge is significant, as wedge patterns often signal the end of a corrective phase. The breakout suggests that the market could resume its bullish trend after the consolidation.
If Bitcoin sustains its price above $67,752, it would likely confirm a new bull run, with Fibonacci extensions providing potential targets for the next leg up.
5. Support Levels
On the downside, the first major support is around the 0.786 Fibonacci retracement at $49,793.
Below that, significant supports include $39,099 (0.618 Fibonacci level) and $32,992 (0.5 level).
Bitcoin (BTCUSDT) Ready to Explode? Massive Gains on the HorizonThe current BTCUSDT setup shows a bullish momentum on the Risological Swing Trader following the entry point at 61,732.3 on 11th October. The price has moved steadily upward, reaching the first take profit (TP1) level at 63,482.7, which confirms the continuation of the upward trend.
Key Support and Resistance Levels
Entry Level: The trade entered at 61,732.3, representing a critical support level where buyers stepped in to drive the price higher. This region coincides with a prior consolidation, giving confidence to the bullish breakout.
Stop-Loss (SL): Positioned at 60,316.2, this acts as a strong downside protection level, slightly below the consolidation zone to avoid premature exit.
Trailing Stop: The trailing stop is now placed at 62,038, and will continue moving upwards as price action progresses. This method locks in profits while allowing for additional upside potential as BTC moves towards higher targets.
Trend Analysis
The price is above the Risological dotted moving average support line, confirming a healthy uptrend. BTC has made consecutive higher highs and higher lows, indicating strong bullish momentum.
The current breakout from the 61,732 entry zone hints at further upside potential. As BTC moves toward TP2 at 66,315.0, we can anticipate continued bullish behavior if broader market conditions remain favorable.
Targets and Profit Zones
The immediate target was TP1 at 63,482.7, which has been hit or surpassed, giving confidence to the bullish scenario.
Next, TP2 at 66,315.0 serves as the next resistance level where some profit-taking might occur, followed by TP3 at 69,147.4 and the ultimate TP4 target at 70,897.7.
Risk Management
The trailing stop set at 62,038 ensures that even in the case of a pullback, the trade will lock in gains. This dynamic risk management allows the trader to maximize profit while minimizing potential losses.
With BTC showing strong momentum, moving the stop closer to the price is a sound strategy to protect profits.
Conclusion
Overall, Bitcoin continues to show strong bullish signs as it heads toward the next resistance levels. The key will be monitoring the price action near TP2 and adjusting the trailing stop as needed. If momentum remains intact, we could see BTC testing the higher targets of 69,147.4 and 70,897.7
Is Bitcoin Preparing for 200k?Bitcoin ha been ranging in a potential bullish flag for months. If the bulls ensures a strong bullish close above the $67,000 this week, this could interest more buyers to rally the price of Bitcoin on the continuation of a bullish swing which would eventually tag the price of $200k based on the MOBJ of the obvious bullish chart pattern detected on the weekly chart
I'm light years away from everyone this was said September 30th
On September 30th I posted that the last panic sale for bitcoin was a healthy pull-back and that it's just a panic sale
People trolled me for that because they aren't traders they are gamblers
And I've posted multiple time after that(check my profile) borderline begging people to buy Bitcoin for easy profit at least 5% now we are at more than 7% in 3 days
Now is your chance buy as much as you can and follow to get the perfect exit point
More than 5% profit congratulations to the bullsIt's not too late this is just the beginning
Since October we've seen a major panic sale from bitcoin holders simply because of some uncertainties regarding the political state of the USA
I've entered my trade September 1st at 59036$ and I've been green since then
Bitcoin did only what he was supposed to do which is recover in an explosive way 🧨🧨🧨🧨🧨
It's just the beginning it will at least go above the 65858$ higher high
Told you!!!!! Bitcoin is blowing up and it's just the beginning I've posted many times in the last week that bitcoin is showing amazing bull activity and that it's only a matter of time for it to blow up recovering all it's loss
It happened 8n the best scenario possible in just one day 3.67% profit and still more to go
Told you!!!!! Bitcoin is blowing up and it's just the beginning I've posted many times in the last week that bitcoin is showing amazing bull activity and that it's only a matter of time for it to blow up recovering all it's loss
It happened 8n the best scenario possible in just one day 3.67% profit and still more to go
Bitcoin "Uptober"October is largely recognized as a traditionally bullish month.thats y its called "UPTOBER"
.
IF it breaks 62000 next stops at 62800 as its a 3rd leg.
Exit and reenter after the dip till 63500 is my final target - Short term
ZKSync: Poised for a Major Breakout in the Coming Cycle!ZKSync is rapidly positioning itself as one of the top Layer 2 solutions for Ethereum, offering scalability, lower fees, and faster transactions key ingredients for the next wave of blockchain adoption. As Ethereum’s congestion issues persist, Layer 2 protocols like ZKSync are becoming essential, and with its zero-knowledge rollups and strong utility, it is set to outperform many major coins.
In the coming cycle, I believe ZKSync has the potential for significant growth. With its solid technicals and increasing adoption, ZKSync is well-positioned to experience a breakout. Keep your eyes on this one it could be a top performer in the next market phase.
BTC/USDT 4H Trade Setup: Potential for Bullish ContinuationBitcoin’s 4H chart shows a potential bullish continuation after a healthy retracement. The market has pulled back into a key support zone, providing an opportunity to enter this trade with a favorable risk-to-reward ratio. The setup aligns well with the optimism surrounding the month of October, often referred to as “UPtober,” where historical data has shown strong price action for BTC during this period.
Technical Analysis:
• Price has retraced to a key Fibonacci zone, signaling a potential buy opportunity.
• The FibCloud indicator shows price maintaining above key support levels, with a bullish breakout being tested.
• Volume is picking up, indicating growing interest at this level, which could push the market higher.
Risk Management:
Given the volatility of BTC, managing risk is crucial. We are placing stop losses just below the last significant low to protect capital in case the market fails to break higher.
Stay alert, and let’s see how this setup unfolds. UPtober could live up to its name!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
My FINAL Bitcoin chart and Idea (forever)Everyone is too busy focusing on the wrong Technicals. Fear and Greed, RSI, MACD, Stock Markets, etc. All of these are good tools but we have to remember a few things:
1. Zoom out (Bitcoin follows the same 4-year cycle every time... this time is NOT different)
2. Keep it Simple (I'm tired of messy charts, only put what you need for the current timeframe)
3. Avoid Leverage (These areas are too risky and much too volatile... liquidity is getting grabbed at almost every level) Stay safe.
I expect Bitcoin to retrace to $57k and then bounce back up... clear skies ahead if we can break out of this pattern I have drawn up. (If not we keep ranging as follows until we break significantly above the previous ATH)
Peace out! It's been fun... I may return to crypto one day (if ykyk)
Long position for BitcoinIf you get confirmation in 1 hour time, it is better and you can take the long position with more confidence
