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GROKUSDT: At ITS SUPPORT, IMMINENT BOUNCE within DAYSHello All, Welcome to the quick update of GROKUSDT. Unfortunately, The last setup I posted for GROK didn't work and hit our STOPLOSS. We saw GROK in a downtrend since last 1 week. As of now, it is trading at its weekly support of around 0.0041 to 0.0044. This point may be a major support and can pump anytime soon. Possible entry-exit points: Entry: 0.00421 to 0.00462 Target: 0.00503, 0.00617 until 0.00711 in the long run. STOPLOSS: 0.00367 Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!! This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits. Please like, share, and comment on this idea if you liked it. ScramblerG is always there to help and trade with caution but DYOR.
MEXC:GROKUSDT.PLong
by ScramblerG
Bitcoin's Falling Wedge: A Cautious Approach The cryptocurrency market is renowned for its volatility and unpredictability. While technical analysis tools like the falling wedge pattern can offer potential insights into price trends, it's crucial to approach them with a critical eye. Even after identifying a seemingly bullish pattern, several factors warrant caution when considering Bitcoin as an investment. The Falling Wedge: A Double-Edged Sword A falling wedge is a chart pattern that indicates a potential bullish reversal. It's characterized by a narrowing price range with lower highs and higher lows. However, it's essential to remember that patterns are not foolproof predictors of future price movements. They are merely tools to help analyze market sentiment and potential trends. Moreover, the formation of a falling wedge doesn't necessarily guarantee an immediate or sustained price increase. It's possible that the price could consolidate or even decline further before breaking out. Additionally, the cryptocurrency market is influenced by a multitude of factors beyond technical analysis, including regulatory developments, macroeconomic conditions, and investor sentiment. Fundamental Risks Persist Beyond technical analysis, Bitcoin faces significant fundamental challenges. The cryptocurrency's price volatility, energy consumption concerns, and regulatory uncertainties continue to pose risks for investors. • Volatility: Bitcoin's price has historically exhibited extreme volatility, making it difficult to predict short-term movements. While this volatility can create profit opportunities, it also exposes investors to substantial losses. • Energy Consumption: The energy required to mine Bitcoin has drawn criticism for its environmental impact. Governments and regulatory bodies are increasingly scrutinizing the cryptocurrency industry, which could lead to stricter regulations or even bans. • Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains unclear in many jurisdictions. This uncertainty can create legal and operational challenges for businesses and investors alike. Alternative Investment Opportunities Considering the risks associated with Bitcoin, investors may want to explore alternative investment options. Diversification is a key principle of sound investment strategy, and allocating assets across different asset classes can help mitigate risk. • Traditional Assets: Stocks, bonds, and real estate offer more established investment avenues with potentially lower volatility and greater diversification benefits. • Other Cryptocurrencies: While the cryptocurrency market as a whole is volatile, some altcoins may present more attractive risk-reward profiles than Bitcoin. However, thorough research is essential to identify promising projects with solid fundamentals. • Emerging Technologies: Investing in companies or funds focused on emerging technologies, such as artificial intelligence, biotechnology, or clean energy, can provide exposure to high-growth sectors. Conclusion While the appearance of a falling wedge pattern on Bitcoin's weekly chart might be tempting for some investors, it's crucial to maintain a cautious approach. The cryptocurrency market is highly speculative, and past performance is not indicative of future results. By carefully considering the risks and exploring alternative investment options, investors can make more informed decisions and protect their portfolios. Ultimately, the decision to invest in Bitcoin is a personal one that should be based on individual risk tolerance, investment goals, and a thorough understanding of the cryptocurrency market. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research and consulting with a financial advisor is recommended before making investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin's Rollercoaster: A Temporary Respite or Precipice of a CBitcoin, the digital currency that once seemed invincible, has undergone a tumultuous period. A dramatic plunge from its peak to a low of $49,300 sent shockwaves through the crypto market. However, a surprising recovery has seen it rebound to $56,000. This raises a critical question: is this a reprieve before another, more devastating crash, or the beginning of a renewed bull run? Factors Fueling the Fall To understand the potential trajectory of Bitcoin, it's essential to examine the factors that precipitated its decline. Macroeconomic conditions, including rising inflation and interest rate hikes, have cast a long shadow over risk assets, and Bitcoin is no exception. Regulatory uncertainty, particularly in the United States, has also contributed to market volatility. Additionally, concerns about the environmental impact of Bitcoin mining have led some investors to reconsider their positions. The Rallying Cry The recent recovery can be attributed to several factors. Firstly, a wave of buying from institutional investors has helped to bolster Bitcoin's price. These large-scale investors often view market downturns as buying opportunities, believing that Bitcoin's long-term value proposition remains intact. Secondly, the ongoing development of Bitcoin's underlying technology, including advancements in scalability and privacy, has continued to attract investor interest. Finally, the growing adoption of Bitcoin as a payment method by major corporations has reinforced its status as a digital store of value. A Fork in the Road While the current rebound is encouraging, it's crucial to approach it with caution. The cryptocurrency market is inherently volatile, and past performance does not indicate future results. Several factors could derail the recovery and push Bitcoin back into a bear market. For instance, a more aggressive monetary tightening policy by central banks could trigger a renewed sell-off in risk assets. Additionally, increased regulatory scrutiny or negative publicity surrounding Bitcoin could erode investor confidence. Looking Ahead Predicting the future of Bitcoin is a complex endeavor. However, investors can make more informed decisions by carefully considering the factors outlined above. Those with a long-term investment horizon may view the recent dip as a buying opportunity, believing that Bitcoin's underlying value proposition remains intact. On the other hand, short-term traders should exercise caution and be prepared for increased volatility. Ultimately, the fate of Bitcoin will depend on a confluence of factors, including macroeconomic conditions, regulatory developments, and technological advancements. As the cryptocurrency market continues to evolve, it's essential to stay informed and adapt to changing circumstances. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies carries significant risks, and it's essential to conduct thorough research before making any investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
btc/usd Weekly targetsIt's been quite an exciting year for bitcoin with a new all time high around $73,500. Enormous runs like this that last over a year, 450 days, there's going to be corrections or cool off periods. Now's the time to stay calm, plot some targets and see where it lands. My targets and where horizonal fibs intersect with diagonal trend lines. When Bitcoin interacts with these levels I'll be paying extra attention for signs of support or reversal and go from there. It's really that simple if you don't cloud it up with emotion.
BITSTAMP:BTCUSD
by RighteousTA
2
Is Bitcoin BTC and crypto scamming now or it's FUDHello, Skyrexians! This weekend was extremely fearful on the crypto market, even more, today is a true "black Monday" and not only crypto, but also traditional markets are crashing right now. The most commonly known crypto trading strategies gave false signals before the crash. Most of top crypto trading platforms and top crypto traders faces with the huge losses, algorithmic trading bots and other algorithmic crypto trading software led their users to losses and liquidation. Different automated trading bots, grid bot and other cryptocurrency trading also performed awful for most of a people. Only ai crypto trading bot allowed people not to lose. The really dark time came to the market, how to overcome all this FUD and be successful in crypto trading. We know that the most important is understanding on which market phase we are now. In today's article we will look at the different charts and time frames on BINANCE:BTCUSDT price chart and try to understand what is coming next. Monthly time frame shows it's almost done If you see our previous Bitcoin analysis you will find that GETTEX:49K was absolutely reachable. But the speed of this move really concerns us and we need to take a look at the global picture first of all. The sideways which started in March 2024 led to the first red column on Awesome Oscillator, and this is our first reminder that the bull market is not forever. This is the first sign of weakness. Momentum is gone, therefore we cannot wait for the bull run continuation to the insane numbers like $200k. Bull market is almost over! The bearish divergence and Elliott waves counting tells us that wave 5 of super cycle is done and we will enter the bear market which has never been before. Is it time to panic? We assume not! Last wave 5 shall also consists of 5 waves and we cannot see now the clear confirmation that this bull run is finished. It's weakening but will likely continue. Where it will be finished. The approximate projection for wave 5 shows us that BTC will likely reach $80k+, but not significantly higher. After that we will see the bear market with target at $35k.
by Skyrexio
3
#BTC/USDT TA + Altcoin Strategy, Don't Repeat this mistake!!Welcome to this quick update, everyone. **BTC Update:** Yesterday, BTC made a low of 62,300 on Binance but quickly bounced back, closing around 65,354.02 with a beautiful Hammer candle on the Daily chart. While the 4-hour chart still looks bearish, the Daily chart is holding strong around the $63k support level, with the 100 SMA acting as a key support line. This price action is promising. **My Strategy:** I'm staying on the sidelines for now, waiting for another Daily candle to confirm if this price action sustains. The Weekly close will provide more clarity. Currently, the market is choppy, which isn't ideal for trading futures. My strategy remains the same; I'm expecting the market to show some fireworks in the next 3-4 weeks. There may be one last dip before a rally, so I'm keeping some USDT in reserve. By the end of this month, I plan to buy 5 strong altcoins that I believe will perform well in the next 6 months. Follow me for the list! **Trading Advice:** Don't lose money on futures; this is the best time to build a strong portfolio on spot. If your portfolio is small and you plan to trade futures, make sure you're taking profits on every move. Even the best traders get beaten by the market; the only thing that matters is your position size. If you lose your monthly P&L in a single trade, it simply means you're being greedy and not learning from your mistakes. Don't do this! I hope this helps! If it did, please hit the like button to support my content and share your views, comments, questions, or chart requests in the comment section. Thank you, and #PEACE!
by Cryptorphic
6
RIOT: Summer doldrum continuesThe correction on BTC, crypto and overall markets continue as summer heat is intensifying on the northern hemisphere. While BTC is staying within the top end of the range, miners are not getting the love. In fact, if BTC makes a higher high within the next 60 days and begins a bigger correction cycle (Minor wave 2), miners might get crushed. Right now, I have 2 counts going on RIOT. the sideways correction on a pretty fat channel has been going on for a long time now. Until $8.81 breaks, I am still keeping the red count to look for a higher high to emulate BTC. But, if BTC keeps going down for a larger wave 4 correction, then the green count will ensue for RIOT. Right now, I am looking for an entry point. It will need to be either on the break of the channel or on a dump that reaches the bottom of the channel. This correction can go on for a long time. It can extend the B wave for a false break of the channel or get resistance on the top of the channel before a bigger fall. It will be quite difficult to time the market, so will have to bite the bullet and go for it when the conditions feel right and have tight money management. It will not work out on one shot more likely and will need some finesse to get it right. Once it's on track, RIOT has the potential to change lives!!! Gamestop who???
NASDAQ:RIOT
by mukit1
6
Will #Bitcoin continue to rise? Or is this a deception?#Bitcoin 1D chart; Let's first interpret the Bitcoin chart and then evaluate the scenarios related to the agenda for the week; In the simplest form. As of June, it had broken the uptrend it had been maintaining since January and started to decline. While moving towards the Ath level again, the point I want to draw your attention to here is the part I indicated with the yellow line; If the RSI side remains weak while testing the Ath level, we infer that there is a fake rise from here. The fact that it has retested the downtrend at this very moment may bring us the question of , so this is in the pocket. Let's talk about the Fed Rate Decision Meeting this week; As we know, in previous pre-meeting events, the market has shown a retreat without a bounce. This time this is not happening, why? My personal opinion is that the market now knows that the rate hike situation is at a very low rate, so it does not price it with pullbacks. Therefore, it may be possible to infer from this that the atmosphere in the market is upward. Nevertheless, let's not rule out the possibilities I just mentioned above. Also, as you may remember, the gaps formed on 2 different dates on the CME side are still not filled. Have a good week for all of you #btc CRYPTOCAP:BTC
by ugurtash
Bitcoin Nears Crucial Test as Hashrate StrengthensBitcoin (BTC) is on the cusp of a critical test as it approaches a trendline resistance that proved formidable in May. Concurrently, a surge in Bitcoin mining hashrate, a bullish indicator, is adding fuel to the rally. The benchmark cryptocurrency has been on a consistent upward trajectory, fueled by a combination of factors including increased institutional interest, macroeconomic concerns, and the halving event. As BTC closes in on the May trendline, traders and analysts are closely watching for how the market will react. A decisive breakout could ignite a new leg up in the price, while a rejection could lead to a period of consolidation or even a temporary pullback. The recent strengthening of the Bitcoin mining hashrate is a positive development that underpins the bullish outlook. The hashrate, which measures the computational power dedicated to mining new Bitcoin blocks, is often seen as a leading indicator of price trends. A higher hashrate implies increased miner confidence in the future price of Bitcoin, as miners are willing to invest more resources into the network. This surge in hashrate can also be attributed to the ongoing Bitcoin halving cycle, which reduces the block reward and incentivizes miners to optimize their operations. While the technical and fundamental backdrop for Bitcoin appears constructive, it's essential to approach the market with caution. Cryptocurrencies remain highly volatile assets, and price movements can be influenced by a variety of factors, including regulatory developments, macroeconomic conditions, and investor sentiment. Moreover, the Bitcoin market has a history of false breakouts, where prices briefly pierce resistance levels before retracing. Therefore, traders must employ risk management strategies and avoid overexposure. The potential breakout from the May trendline will be a key event to watch. If Bitcoin successfully overcomes this hurdle, it could open the door for a more substantial rally towards higher price targets. However, a rejection at this level could lead to a period of consolidation or even a temporary pullback. Ultimately, the cryptocurrency market remains highly dynamic, and investors should conduct their own research and due diligence before making investment decisions. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments involve significant risks, and investors should be prepared for the possibility of losses.
BITSTAMP:BTCUSDLong
by bryandowningqln
47k Coming for Bitcoin?$Bitcoin #CME 1D chart; The gap formed by the opening last week has not yet been filled. I think the rise will not start before this place is filled. The Bat Harmonic structure, which is also formed in the current structure, points us to $ 47k levels. It is difficult to say anything clear if it will come true. However, we should not forget that this possibility also exists. Bitcoin had received an upward reaction with the support it received with its last visit to the IMB level. However, as can be seen, it has not yet made any contact with the IMB zone at $ 47k levels. It doesn't always touch these areas, of course, but why not:)
CME:BTC1!Short
by ugurtash
BITCOIN ( LONG ) ( 4H )BITCOIN HELLO TRADERS Tendency , the price is under bullish pressure until trade above turning level . TURNING LEVEL : the price of turning level around 66,400 , indicates the price trade above this level reach a resistance level , but if breaking this level reach a support level . RESISTANCE LEVEL (1) : around 69,648 , for reach this level will be stabilizing above turning level . RESISTANCE LEVEL (2) : around 71,685 , for reach this level the price will stabilizing above resistance level (1) SUPPORT LEVEL (1) : support level at 63,345 , for reach this level will be breaking and stabilizing below turning level . SUPPORT LEVEL (2) : support level at 59,299, for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : the price retest before rising at 66,400 . TARGET LEVEL : RESISTANCE LEVEL : 69,648, 71,685 . SUPPORT LEVEL ; 63,345 , 59,299 .
BITSTAMP:BTCUSDLong
by ArinaKarayi
$DXY about to hit THE WALL?Love TVC:GOLD , stocks, real estate? Well I'm about to make your day. TVC:DXY is strolling into historic resistance at 115. On the WEEKLY timeframe, we have two conjoining forces: A major resistance from the '85 high of 160 (in yellow), and a triple top high of 118 during the early '00s(in yellow). We're also riding the bottom support of 104 in our current rising channel. Fundamentals: The Fed and US fiscal policy will face pressure to weaken the dollar to strengthen exports, boost GDP. This means inflation isn't going away and any rate cuts are going to be like tossing gasoline on a bonfire. Dollar milkshake fans will be shocked to see flight to the dollar fading, as harder money like Gold plays a larger role in sovereign bank collateralizations, trade imbalances. The assumption that the US will remain the cleanest shirt in the dirty laundry may well flip by the end of the decade as multipolar alternatives become more attractive and the debt markets increasingly realize the US debt is beyond repayable (in today's dollars). This is going to provide a tail-wind to all #antifiats, chief among them: GOLD, Bitcoin, and any stock with pricing power. I also see real-estate doing well as foreign US treasuries holders (like China, India, Japan) decide they'd rather bid up US homes, commercial property than earn a pretend yield on terrible debt instruments.
TVC:DXYShort
by dawsonMoonshot
Will #Bitcoin repeat its past moves?#Bitcoin 1W chart; Let's try to look at the Bitcoin picture from a more distant and different angle; First of all, the positive divergence of the MVRV indicator with the breakout of the rising top in October 2020 signaled the beginning of a movement in the market. MVRV is an indicator used to determine the overbought or oversold conditions of the market. In May 2021, we see that the first top began to decline (2nd vertical yellow line), again with negative divergence. Subsequently, the 1/RSI divergence at the second top signaled that the downward start of the cycle was now possible. We can say that the manipulation area here was the foam of the 2021 cycle. We can say that those who read this place well left the market with good gains in time. With the start of the bear cycle, the next first positive signal came in April 2023. With the 2/RSI giving a positive divergence, it showed us that the direction of the market was about to change. With the test of the Ath level in March 2024, the 4/RSI divergence formed with the 2021 top showed us that the rise was over for now. Subsequently, the 3/RSI divergence formed at this level showed us the direction of the market a little. I tried to warn you as much as I could in this regard. The area indicated by the orange arrow below shows us that an extreme buying period has not yet started in the market and therefore we have not yet entered the cycle we call mega bull. Let's talk about the target... According to my estimates, I foresee that this cycle may be between 102k and 120k. I hope this was useful information for you. If you like it, I would be very happy if you can share it to support.
by ugurtash
3
Will #Bitcoin repeat its past moves?#Bitcoin 1W chart; Let's try to look at the Bitcoin picture from a more distant and different angle; First of all, the positive divergence of the MVRV indicator with the breakout of the rising top in October 2020 signaled the beginning of a movement in the market. MVRV is an indicator used to determine the overbought or oversold conditions of the market. In May 2021, we see that the first top began to decline (2nd vertical yellow line), again with negative divergence. Subsequently, the 1/RSI divergence at the second top signaled that the downward start of the cycle was now possible. We can say that the manipulation area here was the foam of the 2021 cycle. We can say that those who read this place well left the market with good gains in time. With the start of the bear cycle, the next first positive signal came in April 2023. With the 2/RSI giving a positive divergence, it showed us that the direction of the market was about to change. With the test of the Ath level in March 2024, the 4/RSI divergence formed with the 2021 top showed us that the rise was over for now. Subsequently, the 3/RSI divergence formed at this level showed us the direction of the market a little. I tried to warn you as much as I could in this regard. The area indicated by the orange arrow below shows us that an extreme buying period has not yet started in the market and therefore we have not yet entered the cycle we call mega bull. Let's talk about the target... According to my estimates, I foresee that this cycle may be between 102k and 120k. I hope this was useful information for you. If you like it, I would be very happy if you can share it to support.
by ugurtash
#BTC/USDT Road to $150k!#BTC : Block out the noise. We're far from finished! Each dip presents a new opportunity. You FOMO when the market's green, but turn sceptical when it's red. That strategy won't cut it. Bitcoin Monthly Analysis Update Chart Overview: - Channel Analysis: Bitcoin is in a long-term ascending channel, showing a bullish trend with strong support and resistance. - Historical Patterns: - 2016-2018: 60 bars (420 days), - 2020-2021: 34 bars (238 days), - Current Position: Trading at $66,993.6 nearing upper channel resistance with a target of $115k to $150k. Key Levels: - Support: - $51,682. - $43,285. (High Liquidity Untested Territory) - Resistance: - $66,993.6 - $73,000 Future Projections: - High Liquidity Untested Territory: Retest around $43,210.7 could be a strong buy. - Bullish Scenario: Breaking current resistance targets $115,000 - $150,000. - Bearish Scenario: Failure to break $70k resistance may lead to correction towards support levels in the high liquidity zone, GETTEX:48K to $60k. (Will update as the time goes and more candles are printed), less likely scenario but possible. Am I scared or selling? NO! I am holding BTC and Alts. Market Sentiment: Volume increase during last bull run suggests bullish sentiment, but traders should be ready for volatility. Conclusion: Bitcoin remains bullish within the ascending channel. Monitor key levels to capitalize on market movements. DYOR, NFA 🚀 #Crypto What do you think?
OANDA:BTCUSDLong
by Cryptorphic
2