BITCOIN ( TRADING ABOVE DEMAND ZONE ) ( 1D )BITCOIN
HELLO TRADERS
TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure
TURNING LEVEL : the price around 57,056 , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level
PRICE MOVEMENT : the price in previously can be stabilizing above turning level around 57,056 , and created a demand zone , currently price at 59,731 , my opinion the price retest a turning level 57,056 after rising my goal resistance level at 62,452 .
PRICE ACTION :
LONG CONDITION : have two cases to rising for reach a resistance level , first case the price toward directly reach a resistance level at 62,452 , second case price corrective a turning level at 57,056 before rising , if the price breaking supply zone reach a resistance level at 68,362
SHORT CONDITION : if the price breaking 57,056 by open 1D candle below this level reach a support level at 53,664 , then stabilizing below this level reach a 49,963 .
TARGET LEVEL :
RESISTANCE LEVEL :62,452 , 68,362
SUPPORT LEVEL : 53,664 , 49,963
Bitcoinmarkets
BTCOf the opinion BTC has entered into marco w5 of the HTF (3) wave. The (3) is set to hit $90-$110k .
For now the marco 1 has entered into a diagonal pattern which is a combination of ABC 3 waves inside of an impulsive 5 wave structure.
I have the local top at $61,000 before a pull back to $54-$56,000 for marco 2 of 5 of (3)
BTCUSD Bullish Robbery PlanMy Dear Robbers / Traders,
This is our master plan to Heist BTCUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
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BITCOIN ( SENSITIVE AREA ) ( 4H )BITCOIN
HELLO TRADERS
Tendency the price inside a sensitive area
TURNING LEVEL : a black line between resistance and support level around 59,222 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a green line above turning level around 61,964, indicates selling have already increase this level , when you reach this level buyer have more supply for bitcoin
SUPPORT LEVEL : there is a red line below turning level around 56,702 , indicates buying have already increase this level , when you reach this level selling have more demand for bitcoin
PRICE MOVEMENT : the price trading a sensitive area , generally stabilizing below turning level , indicates the price has taken a bearish
SHORT CONDITION : the price trying to reach a turning level around 59,222 , before dropping to touch a support level at 56,702 , then breaking this level reach demand zone at 54,321
LONG CONDITION : after breaking a turning level by open 4h or 1h candle above 59,222 , the price it will attempt to reach a resistance level at 61,964 , then breaking this level reach a 64,179
TARGET LEVEL :
RESISTANCE LEVEL : 61,964, 64,179
SUPPORT LEVEL : 56,702 , 54,321
BITCOIN ( UNDER UPWARD PRESSURE ) ( 4H )BITCOIN
HELLO TRADERS
Tendency after the price stabilizing support trendline , indicates the price is under bullish pressure
TURNING LEVEL : there is a orange line around 57,401, indicates if the price trade above this level reach a resistance level , but if the breaking turning level reach a support level
RESISTANCE LEVEL: there is a green line around 59,669 , indicates selling have already increase this level , when you reach this level buyer have more supply for bitcoin
SUPPORT LEVEL : there is a red line around 54,326 , indicates buying have already increase this level , when you reach this level selling have more demand for bitcoin
PRICE MOVEMNET : the price stabilizing above turning level around 57,401 , in my opinion until the price trade above turning level ,indicates buying have more supply for bitcoin, so reach a resistance level at 59,669, then breaking this level reach a next target at 63,083, if the price breaking turning level , indicates selling have more demand for bitcoin, so reach 54,326 ,stabilizing below this level reach a 51,902
TARGET LEVEL :
RESISTANCE LEVEL : 59,669 , 63,083
SUPPORT LEVEL : 54,326 , 51,902
Bitcoin Price Nears 200-Day SMA: Bullish Signal on the Horizon?
Bitcoin (BTC), the world's leading cryptocurrency, has been on a rollercoaster ride in 2024. After a strong start to the year, prices dipped below the crucial 200-day Simple Moving Average (SMA) in early July, sparking concerns about a potential bear market. However, recent price movements suggest a potential bullish reversal, with Bitcoin again hovering close to the 200-day SMA.
The 200-Day SMA: A Key Indicator
The 200-day SMA is a technical analysis tool investors use to gauge the long-term trend of an asset's price. It's calculated by averaging the closing price of Bitcoin over the past 200 days. This metric helps smooth out short-term price fluctuations and provides a clearer picture of the overall market direction.
Historically, the 200-day SMA has played a pivotal role in identifying bull and bear markets for Bitcoin. When the price trades above the 200-day SMA, it's generally seen as a bullish signal, indicating an upward trend. Conversely, prices consistently falling below the SMA suggest a bearish market.
Bitcoin's Recent Price Movements
In early July, Bitcoin dipped below the 200-day SMA for the first time since August 2023. This triggered anxieties among some investors, questioning the sustainability of the current bull run. However, it's important to note that such temporary dips below the SMA have occurred during previous bull markets.
For instance, in 2016, Bitcoin fell below the 200-day SMA for three months before embarking on a significant upward trajectory that culminated in the 2017 bull run. Similarly, in 2023, Bitcoin dipped below the SMA in August but recovered shortly after, continuing its bull run through the end of the year.
Reclaiming the 200-Day SMA: A Potential Bullish Signal
The current situation presents a critical juncture for Bitcoin. It could be a significant bullish signal if the price can successfully reclaim the 200-day SMA and maintain a position above it. This would suggest a continuation of the current bull run and potentially pave the way for further price increases.
There's historical precedent for such a scenario. In early 2023, Bitcoin successfully reclaimed the 200-day SMA after a brief dip, marking the beginning of a strong bull run that lasted throughout most of the year.
Factors Supporting a Bullish Outlook
Several factors contribute to the potential for a bullish reversal. Firstly, Bitcoin's underlying fundamentals remain strong. The network continues to experience steady growth in hash rate, indicating strong miner participation and network security. Additionally, institutional adoption of Bitcoin is on the rise, with major investment firms and corporations increasingly recognizing its potential as a valuable asset class.
Secondly, the recent price dip could be attributed to short-term market corrections and profit-taking by some investors. These temporary fluctuations are natural occurrences within any bull market and shouldn't necessarily be interpreted as a sign of a long-term bearish trend.
Looking Ahead: Important Considerations
While the current price movements suggest a potential bullish outlook, it's crucial to maintain a cautious and realistic perspective. The cryptocurrency market remains highly volatile, and unforeseen events can trigger significant price swings.
Investors should closely monitor economic factors, regulations, and industry developments that could impact Bitcoin's price. Additionally, conducting thorough technical and fundamental analysis is essential before making any investment decisions.
Conclusion
Bitcoin's price hovering near the 200-day SMA presents a fascinating situation. While a successful reclaim of the SMA could signal an upcoming bullish phase, continued vigilance and comprehensive analysis are necessary. The cryptocurrency market is dynamic, and investors should be prepared for potential volatility. However, the underlying strength of Bitcoin's network and growing institutional adoption suggest that the long-term outlook remains promising.
Bitcoin Moving in this circleFrom last few weeks we have seen btc moving in this range in the chart as you can see , we have some strong resistance and support that holds btc to move in this area.
As i always say trade when you have break out if bitcoin gives us any break out then we can go for long or short .
In long term btc has bright future we can go all the way up
Why are you panicking? 1 of this 2 will certenaly happendWhy are you stressing about COINBASE:BTCUSD bitcoin going down. is beening cleary manipulated.
1 of this 2 scenarios will occur, in their time.
1 scenario, bitcoin drop to 40k support.
2 scenario, bitocin drop to 30k support.
If you check the MONTLY chart, you have clean range until 30k (Red Box).
So you know what must certainly is gonna happend.
Or do you think that WS guys, come to crypto cuz they love this sh!t!? No!
They come to crash this sh!t, and try controll it. Simple as that. Be smart. This is a LONG TERM game.
How Much further do we go?bitcoin on the weekly, analyzed previous price action and previous "death crosses "and noticed at each point of cross bitcoin continued to slide in price anywhere from 40-60%. This has me looking at bitcoin with a hard eye. It's very possible we see 43k, which gives me a bit more confluence , with the RSX telling us that a reverse isn't in just yet.
PO3 possibilities on BTCUSDTGeneral Overview
Time Frame: The chart displays price movements in a 1-hour (1h) timeframe.
Current Price: The current price of Bitcoin is around 57,619.99 USDT.
Previous Movements: There are two main downward trends followed by recovery movements evident on the chart.
Technical Analysis Elements
Descending Channels (Yellow Channels): The yellow descending channels indicate Bitcoin's downward trend.First Descending Channel: Represents a longer and broader downtrend.
Second Descending Channel: A shorter-term downtrend, followed by an upward movement in price.
Support and Resistance Levels (Horizontal Lines): Support Levels: Identified around 56,858.28 USDT and 53,400 USDT.
Resistance Levels: Identified around 58,379.08 USDT and 61,997.53 USDT.
Box Patterns: These indicate areas where the price has consolidated before breaking out. Each box shows that after a period of sideways movement, the price has broken either upwards or downwards.
Trend Lines and Moving Averages (Blue Lines): These lines determine the average movement of the price and the general trend direction. The blue line indicates that the price is recovering following a decline.
Potential Scenarios
Upward Scenario: If the price breaks the 58,379.08 USDT resistance level, the next target could be 61,997.53 USDT.
A movement toward 66,000 and 67,534.95 USDT levels may be observed if it holds above this level.
Downward Scenario: If the price drops below the 56,858.28 USDT support level, the next support could be at 53,400 USDT.
If this level is broken, a further decline to lower levels might occur.
Conclusion
This chart is used to analyze the short-term price movements of Bitcoin. Technical analysis attempts to predict future movements based on past price actions. Investors can use such charts to support their trading decisions. However, it's important to remember that cryptocurrency markets are highly volatile, and such analyses may not always yield accurate results.
BITCOIN ( UNDER TURNING LEVEL ) ( 4H )BITCOIN
HELLO TRADER S
Tendency the price trade below turning level at 56,752 , indicates is under bearish pressure
TURNING LEVEL : a blue line between resistance and support level around 56,752 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a black line around 59,383 , indicates selling have already increase this level , so if the price breaking turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 54,488 , indicates buying have already increase this level , so if the price stable below turning level reach this level
PRICE MOVEMENT : first the price will trying to rising a turning level around 56,752 , after dropping to the support level around 54,488 , then stable below this level reach 52,454 , if the price breaking turning level reach a resistance level by 59,383 , then stabilizing above this level reach a 63,383
TARGET LEVEL :
RESISTANCE LEVEL : 59,383 , 63,383
SUPPORT LEVEL : 54,488 , 52,454
BITCOIN ( UNDER BULLISH PRESSURE ) ( 4H )BITCOIN
HELLO TRADER S
Tendency the price it will trying to reach a resistance trendline , indicates the price is under bullish pressure
TREDN ANALYSIS : yesterday the price closer resistance trendline after dropping to closer support trendline , today the price it will trying again to reach resistance trendline
TURNING LEVEL : a black line around 58,985 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a blue line around 62,475 , indicates selling have already increase this level , so if the price stable above turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 57,363, indicates buying have already increase this level , so if the price breaking turning level reach this level
PRICE MOVEMENT : as long as the price trade above turning level at 58,985 , reach a resistance level at 62,475 , then stable this level reach a 64,136 , if the price breaking turning level reach a support level at 57,363 , then stable below this level touch a 55,767
TARGET LEVEL :
RESISTANCE LEVEL : 62,475 , 64,136
SUPPORT LEVEL : 57,363 , 55,767
BTCUSD Bitcoin Robbery Plan in Bullish DirectionMy Dear Robbers / Traders,
This is our master plan to Heist BTCUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Stop Loss: Recent Swing Low using 4h timeframe
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday
Bitcoin Dominance at key levelBitcoing dominance at a critical level now. If BTC.D break upper line with weekly candle, BTC will pump more and BTC will make a new ATH in 2024.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Bitcoin Halving: A Historical Look at Price and ScarcityThe Bitcoin halving cycle, a programmed event that roughly cuts the block reward for miners in half every four years, has become a focal point for investors and enthusiasts alike. Historically, these halvings have been followed by significant price increases for Bitcoin, leading many to believe they are a reliable indicator of future bull runs. However, the relationship between halvings and price is more nuanced than a simple cause-and-effect scenario.
The core principle behind the price impact lies in scarcity. By reducing the rate at which new Bitcoins are created, halvings limit the overall supply. In a market driven by supply and demand, a decrease in supply can theoretically lead to an increase in price, as long as demand remains steady or increases. This anticipation of scarcity often fuels a price rise in the months leading up to the halving event. Investors see the limited supply as a bullish signal, prompting them to buy Bitcoin in hopes of future appreciation.
However, the price doesn't always experience an immediate surge after the halving. The newly minted Bitcoins are a significant reward for miners, who contribute computing power to validate transactions on the Bitcoin network. The halving essentially cuts their income in half, which can lead to a temporary decline in mining activity, impacting the network's hashrate (total computing power). This initial drop in hashrate can cause a period of price consolidation, where the price trades sideways as the market adjusts to the new supply dynamics.
The recovery from this consolidation phase is often described as "weak miners dying and hashrate recovering." Less efficient miners, who can no longer operate profitably with the reduced rewards, are forced to shut down their operations. This reduces the overall hashrate and makes the network more efficient as only the most powerful miners remain. As the hashrate recovers, typically within a few weeks or months, the price can experience a significant breakout, fueled by both the scarcity effect and renewed investor confidence.
Looking at historical data, this pattern seems to hold true. Following the 2012 halving, the price of Bitcoin rose from around $11 to a peak of $1,100 in November 2013. Similarly, the 2016 halving was followed by a rise from $650 to nearly $20,000 by December 2017. The 2020 halving coincided with a bull run that saw Bitcoin reach an all-time high of over $69,000 in 2021. However, it's important to remember that these are just a few data points, and the cryptocurrency market is notoriously volatile. External factors such as economic conditions, regulatory changes, and broader market sentiment can also significantly impact Bitcoin's price.
The most recent halving, which occurred in April 2024, presents an interesting case study. While the price did experience some pre-halving anticipation, it hasn't yet reached a new all-time high. Additionally, the hashrate recovery has been slower than in previous cycles, taking over 60 days compared to the 24 days observed in 2017. This could be due to a number of factors, including the ongoing global economic uncertainty and the increasing energy costs associated with Bitcoin mining.
Only time will tell how the 2024 halving will ultimately impact the price of Bitcoin. However, by understanding the historical trends and the underlying economic principles at play, investors can make more informed decisions about their Bitcoin holdings. The halving cycle serves as a reminder that scarcity can be a powerful driver of price, but it's just one piece of the complex puzzle that shapes Bitcoin's value.
Crypto Market Update - June 28, 2024Bitcoin Daily Chart
On the Daily Timeframe, Bitcoin continues it's consolidation following the epic plunge back down to the bottom of it's range on Monday. The current and the last three Daily Candles can be considered Inside Bars, indicative of consolidation and tightening volatility. They herald a potential reversal, and a breakout - although the breakout could come in either direction.
Bitcoin's price found support at the 200 Simple Moving Average, a strong area of support.
Volume Profile Analysis also shows us that Monday's lows wicked down into a Low-Volume Node, an area of liquidity where buyers stepped in, and so far Bitcoin is maintaining itself back within the High-Volume Node of it's current range ($60,600 - $71,400).
Volume Delta shows that buyers have been in control today and over the past two trading days, and the Time Transformation Momentum Oscillator is recovering from it's overbought condition after printing a Reversal Buy Signal.
Bitcoin Mining Analysis
Analyzing the profitability and incentives of Miners has been a strong edge in my trading strategy.
We can see that Bitcoin's price is at a historical "Back the Truck Up" zone, where' Bitcoin's price has tested the Average Production Cost to mine a Bitcoin.
In Bitcoin's history, we have never seen price sustain itself below this level, however we have seen several occasions where price has wicked below, with the most notable being the March Meltdown in March of 2020.
The Hash Ribbons Indicator lets us know that Miners are still in capitulation, and I believe that Ordinals and Runes are the main cause of this, as the demand for blockspace remains high, allowing miners to earn significant revenues from fees rather than having to focus on block rewards, allowing them to continue to sell.
The NVT Indicator is still in a downtrend.
Simply put, we are at a critical area of support where historically, capital allocation into Bitcoin has been the correct play.
There are significant macro headwinds that may alter Bitcoin's reaction moving forward, potentially pushing us into unchartered territory.
#Bitcoin Urgent Update!#Bitcoin just hit the yellow box, validating this chart with 100% accuracy.
Lesson: Charts don't lie!
$60k is a crucial support level, but there's significant liquidity around the $57k mark.
I've been cautioning against leveraged trading for weeks. If you've dabbled in it, you know the struggle—pain and depression are part of every cycle.
The market often reverses right after you give up on your altcoin bags and close leverage positions at a loss. It's a recurring pattern.
So, I've been advising to stay away from leverage. Even my altcoin holdings are down, and I'm not buying yet. When I do, you'll be the first to know.
Follow for more updates and don't forget to hit the like button if you find my insights valuable.
Thank you.
Stay strong.
WAGMI
#Crypto
Bitcoin Entering A Large Demand Zone- Bounce or Break Down?Hey everyone! It's been a while since I have posted some technical analysis as I have been taking a bit of a break from the markets. But now I am back in the game, it's time to get back to some good ole charting! So now that I am back on that BTC trading grind, it's time to get back to some TA posts.
Bitcoin has been getting pretty hammered for a while at this point. BTC's price is hitting into a large demand zone in the 58K-60K range. We haven't broken the 60K price range yet, and we are showing some oversold conditions with momentum pretty much in the toilet.
The next big demand zone below where we are now is in the 40K range, but I highly doubt that we will break down that low. It's absolutely possible though, so if I were you, I would be safe guarding my stacks until we know for sure, but of course, this is not financial advice. My play is to day trade futures and then stack some cheaper on-chain BTC while the prices are low and lowering average DCA price. I will keep stacking like this until we break above 74K, then I will hold what I have until we top out for the cycle and trade into stablecoins to ride the wave down.
Be watching for a bounce at or around this level, it could be a good chance to go long and make some good profits. Of course on the flip side, we need to be watching for a break down below this zone. If that happens, I am going to be looking at 40K for the next stop as there really isn't much market support below the level we are in now.
Do you think the Wall Street players and their ETFs will let Bitcoin go below 58K? Would love to know your thoughts in the comments!