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BITSTAMP:BTCUSDShort
by TrojanBible
Bitcoin could finally make a moveBitcoin has been trading in a very tight range for the past week, showing little volatility and movement. This period of consolidation typically suggests that the market is indecisive, with neither bulls nor bears managing to take control. However, today there seems to be a bit more momentum, and it looks like Bitcoin might be preparing to break out of this range, potentially breaching the upper boundary. If the price manages to break through this resistance, we could see an acceleration towards higher levels, with a potential target around 68k.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
7
BTC Daily Idea - Land and Sea IndicatorThursday 26th September 2024 BTC Daily Land and Sea BTC has completed at TD 7 count flipped to a red 1 then to a new TD Green 1. The bottom of the L&S bands has crossed above the MA's, which indicates downside is coming. But since it has flipped green and it might be a shallow dip to the MA's at ~$61k USd before another bounce up to test FWB:65K to FWB:67K before we get a L&S correction where the bottom band crosses below the MA's and the BTC price follows down to TD support at ~$56k USD. Fib entry points indicate $58,355 $56,308 $53,377 I do not see it going any lower than this, unless there is shock reactions to announcements in the lead up to the US selection or further conflict escalations in the middle east conflicts with IxxxHell instigating and agitating its neighbours and humans within its borders. Also note Blackrock analyst announced that he see's BTC as a "risk-off asset"? Therefore a safehaven asset! Sail the high seas and stay vigilante Crypto Pirates. Peace in the Middle East. f.society, f.police, f.govt, f.politicians.
INDEX:BTCUSD
by kryptologic
BTC at $63.6k: what to expect █  Summary Price at time of post:$63.6k. Ticker: INDEX:BTCUSD Overall, the chart suggests Bitcoin is in a consolidation phase after a major rally, with a breakout or breakdown likely in the near future. Keep an eye on the key levels in this post for confirmation on the coming moves. Bullish Scenario: If the price breaks and holds above the $67,000 resistance, look for continuation upward, possibly retesting $70k+ Bearish Scenario: Failure to break the $67,000 resistance level, + with a potential overbought RSI, could trigger a pullback towards $53k- Price Action Current Price Levels: Bitcoin is currently priced at $63,587 as of September 25, 2024, down slightly by -1.10%. Support and Resistance Levels: Supports: $25,629.40 $31,300.66 $44,208.58 $53,018.73 Resistances: The immediate resistance level is around $67,555.32. Price has struggled to break through this level on several occasions in recent months. The chart shows Bitcoin has consolidated below this level after the large upward movement, indicating that $67,555.32 acts as a significant resistance level. █  Observations: Resistance at $67,555.32: This is a strong level that Bitcoin has been unable to break decisively. A successful break above this level could open the door for a retest of the all-time highs near $70,000. Support at $53,018.73: This would be the key level to watch if there is a breakdown in the current consolidation. Below this level, there is further support at $44,208.58. RSI Signals: The RSI being in the 60-70 range indicates bullish momentum, but a value near 70 typically suggests the market could be approaching overbought conditions. A breakout above $67,555 might lead to overbought conditions, while a failure could result in a correction.
INDEX:BTCUSD
by kingthies
1
BTC ULTIMATE future projection #2Hey everyone. I still really want to be able to use the chat. Please vote and give me some reputation :D This is the next post in the series of my "highly detailed" future price predictions. I see no point to speculate on the particular price targets, as it is just a speculation. My thing is feeling the macro trends, and so far that has been going about correct since 2019. However, Fibs work for the particular levels to watch for, luckily we have @EuroMotif to show us those levels quite precisely. Overall approach to the markets is that they simply reflect the natural processes. My ULTIMATE BTC mid timeframe trend forecast - it'll go down sometime soon (target - idk. bet somewhere in 25-41k range). Maybe even covid-like crash with stocks etc. Too much negative factors are affecting the global public for uninterrupted rise in mid term. Not feeling the rising markets vibe socially. Big rate cut from the FED... The technical setup looks good for the upside continuation, but technicals not always work the way we expect. However, 1mln$ for 1 btc is on the way.
Short
by hophop11
Rising Bitcoin Addresses Signal Potential Market RecoveryThis chart shows the relationship between Bitcoin's price (in gray) and the number of new BTC addresses (in purple). Historically, the number of new addresses tends to increase ahead of major price peaks, which often serves as a leading indicator of the market’s upward momentum. Conversely, as price tops are reached, the number of new addresses typically begins to decline, signaling an impending price correction or market top. Key observations from the chart: Address Growth and Price Correlation: There is a clear correlation between the surge in new BTC addresses and the sharp price increases that precede each cycle's peak. In previous market cycles, as shown on the chart, a sustained rise in new addresses often leads to significant price appreciation. However, once the new address count peaks and starts declining, the market generally approaches a top, after which corrections follow. Current Trends: After a significant decline in both price and new addresses, we see that since June 2024, the number of new BTC addresses has started to rise again. This could indicate a potential recovery phase. The uptrend in new addresses suggests that interest in Bitcoin is growing, and this metric could signal the start of a new bull cycle, though we are still in the early stages. Looking Forward: The recent bottom in new addresses (marked within the red circle) and subsequent uptick since June could be seen as a positive indicator for potential future price increases. If this trend continues to rise, it could suggest that a broader market recovery is underway, with increased retail interest driving demand for Bitcoin. Investors may want to watch the behavior of new addresses closely, as any plateau or drop in the number of new addresses during a price surge could signal the nearing of a market top.
BITSTAMP:BTCUSDLong
by IntoTheBlock
Bitcoin (BTC/USDT) 1-hour price action + trade planTechnical analysis for Bitcoin (BTC/USDT) 1-hour price action with multiple indicators and a descending triangle pattern by Blaž Fabjan Chart Patterns Descending Triangle: This is a classic pattern that typically suggests consolidation, and in many cases, a breakout (especially when formed in an uptrend). The triangle seems to be nearing the apex, indicating that a breakout could happen soon. Breakout potential: Since it's forming within an overall uptrend, the triangle suggests the possibility of a continuation of the uptrend after the consolidation. Indicators VMC Cipher B: The VMC Cipher B shows wave-like movements indicating market momentum and divergences. It looks like the waves are approaching a positive curve, indicating a potential bullish movement if confirmed by momentum. RSI (Relative Strength Index): The RSI is hovering around 50.49, which shows a neutral trend at the moment. No overbought or oversold conditions are present, leaving room for upward or downward movement depending on the breakout direction. Stochastic (14, 1, 3): The stochastic shows a level of 43.32 (blue) vs 56.91 (orange), indicating a slight bearish momentum, but it could reverse if price continues consolidating and breaks upwards. HMA+ Histogram: The histogram appears to show bearish pressure with negative values such as -55.9, though it looks like it may start to shift upwards if there's enough buying momentum. Volume: The volume appears lower during consolidation, which is typical before a significant move. Watch for an increase in volume as the price approaches the end of the triangle. Support and Resistance: Support: Around 63,800 USDT (marked by the bottom of the triangle). Resistance: Immediate resistance appears at around 64,200 USDT, the upper trendline of the descending triangle. Trading Plan: Breakout Strategy: Bullish scenario: If BTC breaks the triangle to the upside, enter a long position after confirmation (e.g., after the price breaks above 64,200 USDT with volume). Place a stop-loss slightly below the triangle's bottom at around 63,500 USDT. Target price: A potential upward target could be around 67,000 USDT (previous high) based on the size of the triangle. Bearish scenario: If the price breaks below the triangle’s bottom (around 63,800 USDT) with volume, a short position can be considered. In this case, place a stop-loss just above the upper trendline of the triangle (around 64,500 USDT). Target price: A downside target would be around 62,000 USDT, depending on how strong the downward momentum is. Risk Management: Set a risk/reward ratio of at least 1:2, considering the uncertainty of the consolidation period. Adjust your position size to risk no more than 1-2% of your capital on the trade. In summary, BTC is consolidating in a descending triangle within an uptrend, and a breakout in either direction is likely. Watch for volume and confirmation before taking a position, and stick to a disciplined risk management plan.
Long
by elfabiiani
Bitcoin - This Is The Bullish Breakout!Bitcoin ( BITSTAMP:BTCUSD ) still has a high chance of a breakout: Click chart above to see the detailed analysis👆🏻 Bitcoin is clearly following the behaviour of the previous cycles and there is actually no reason to be bearish at the moment. The current consolidation is rather a sign of strength and a bullish breakout is definitely more likely than a bearish rejection. Just closely monitor price action. Levels to watch: $65.000, $32.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
7
technical analysis and trading plan for Bitcoin (BTC/USDT)Technical analysis and trading plan for Bitcoin (BTC/USDT) by Blaž Fabjan Bullish Pennant Formation: The chart shows a bullish pennant pattern, which typically indicates a continuation of the prior upward trend. This suggests that once the consolidation within the pennant breaks to the upside, there could be a further rally. Support and Resistance Levels: Support Level: Around $61,758.48, which is holding the price within the consolidation. Resistance Level: The next significant resistance is around $64,591.15. If the price breaks the resistance of the pennant, it could target higher levels, potentially leading toward $68,556.87 as a bullish target. Volume: There’s a moderate amount of volume, but a volume breakout would be needed to confirm the movement in either direction. Indicators: VMC Cipher B Divergences is showing some green dots indicating bullish divergence, which further supports the potential for an upward breakout. RSI (Relative Strength Index): The RSI value is around 53.94, suggesting that the market is in a neutral zone. It's neither overbought nor oversold, giving room for movement in either direction. Stochastic Oscillator: Around 36.45, slightly on the lower end, signaling that Bitcoin might be in an oversold position on the short-term, indicating a potential upward reversal. Trendline Projection: The image also indicates an upward price projection beyond $67,000 if the pennant breaks to the upside, aligning with the bullish sentiment. Trading Plan: Buy Scenario (Bullish Breakout): Entry Point: Consider entering a long position if Bitcoin breaks above the upper trendline of the pennant and surpasses the $64,000 resistance level with strong volume confirmation. Take Profit Levels: First target: $64,591.15 (immediate resistance). Second target: $68,000. Final target: $68,556.87 (upper resistance). Stop Loss: Place a stop loss just below the $61,758.48 support level or just below the lower trendline of the pennant. Sell Scenario (Bearish Breakdown): Entry Point: If Bitcoin breaks below the lower trendline of the pennant and the $61,758.48 support level, it might indicate a bearish reversal. Consider entering a short position. Take Profit Levels: Look for a price drop toward $60,301.68 or lower. Stop Loss: Place a stop loss just above the pennant resistance level around $63,000 to limit risk. Conservative Strategy: Wait for a clear breakout from the pennant either way before entering any trade. Watch for confirmation through volume increase, as this would validate the direction of the breakout. Final Notes: The chart leans toward a bullish continuation, but confirmation from volume and a breakout from the pennant are key before making any trades. Always manage risk carefully by setting stop losses and taking partial profits along the way. I hope this information assists you in making more informed decisions during your trading activities. Enjoy! Blaž Fabjan
Long
by elfabiiani
BTC/USD – Cup and Handle Formation with Major Breakout PotentialBitcoin is showing a classic Cup and Handle formation on the daily chart, a bullish continuation pattern. After the completion of the cup, Bitcoin has formed a downward sloping handle, which suggests the market is consolidating before a potential breakout. Using technical analysis, the projected target after the breakout is around $112,000 , based on the height of the cup added to the breakout point. The breakout from the handle is expected to push BTC beyond the $70,000 range, aiming for the next significant resistance levels. As we wait for confirmation, a close above the handle's trendline would signal the start of a new bullish phase for Bitcoin. This setup follows the historical price pattern and could be a long-term opportunity for traders and investors watching BTC/USD.
Long
by yaronsb
Bitcoin BTC price trading plan to the end of 2024Last week was full of macroeconomic events, we write about it at previous idea The cryptocurrency market took them positively and grew on rumors. There is a legendary quote: “Buy on rumors, sell on facts.” Therefore, we do not rule out that this week OKX:BTCUSDT and the crypto market in general may plunge into correction. Still, we need BTC.D - 57.7% and USDT.D - 5.50% to fall significantly lower for the market to really “come to life” Fear and Greed Index (neutral) - 50 As long as CRYPTOCAP:BTC price is above $57,000 , it is globally in an upward trend and at the same time in a protracted consolidation since May 2024. Perhaps a confident exit from this consolidation will take place in November, after the US elections on 05.11 and the next Fed rate cut on 07.11 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
BTCUSDT Key Resistance ZoneBTCUSDT has recently reached a KEY RESISTANCE level on the 4 hour timeframe. We've seen multiple rejections from this zone in past data, showing strength in the SHORT trade, where it may look to initiate a BEARISH trend. The key to this movement is waiting for a definitive move via BIG VOLUME CANDLES, price could reject off the zone temporarily and retrace back to the resistance zone where it could break. We need undeniable big volume indicating a rejection or breakout.
by I3ig_Trades
The difficult path for Bitcoin: don’t Miss the Critical EntryGood morning and good afternoon, traders 🌅. Welcome back to Strategy Master, the only crypto newsletter that dissects market cycles and alerts you before major reversals 🔄. Quick summary before we dive in: ✍️ Bitcoin’s 60-day Cycle low hit on September 6th – what’s next? ✍️ Ideal entry points for 1D, 3D, and 1W Cycles explained 🕵️‍♂️ 🎯The 26-Week Cycle breakdown – what to watch for in 2024 📅 🔔 Why Bitcoin staying above $50k is key to the current cycle 💪 As anticipated, Bitcoin hit its 60-day cycle low on September 6th and has been climbing 📈 ever since. Interestingly, Bitcoin showed impressive resilience, starting its upward move even before reaching the expected bottom of the 1-week cycle. Ok, Strategy Master, this sounds great, but I missed the trade! Where are the best entry points according to Cycle theory? 🎯 No worries 😅—cycles give us the clearest signals for optimal entries. Here’s where to look: ⏳ 60-Day Cycle: The best entry comes near the cycle lows (see the pink box 📦 around early September). If you missed this one, your next chance will come in about 45 days. 📉 1-Day Cycle: Wait for the 1-day cycle to reverse from falling 📉 to rising 📈 (ideally when the indicator is below 20). The last time it flipped was on September 16th. Typically, after hitting 80, it takes ~7 days to return to 20 again. 📊 3-Day Cycle: The ideal time to enter is when the 3-day cycle indicator starts rising 📈, or when it’s below 20. However, the 1-day cycle must also be in the right position. If the 3-day indicator reverses upwards but the 1-day is still above 80 ⚖️, it’s better to wait for a cool-down. On September 17th, both the 1-day and 3-day cycles lined up perfectly. 🗓️ 1-Week Cycle: This cycle is more significant 🔑 than the 3-day because it reflects a longer trend (1-2 months 📅). You can enter once the 1-day condition is met—no need to wait for the 3-day confirmation. Again, September 17th presented a perfect setup (1-week reversal) 🎯. Strategy Master, you’ve previously mentioned Bitcoin’s 26-week cycles. How does that fit into this picture? 🤔 Bitcoin operates on 60-day cycles, with three such cycles typically making up one 26-week cycle. In bull markets 🐂, the first 60-day cycle is usually the strongest 💥 and tends to be “right-translated” (the peak occurs in the second half of the cycle). The final cycle, however, is often “left-translated,” with the top appearing in the first 30 days. In early 2024, we saw the 26-week cycle bottom in January 🏞️, followed by a strong rally from February to March 🏁. However, after that, two left-translated 60-day cycles led us to the 26-week cycle low in July. It’s important to remember that 26-week cycles don’t always last exactly 26 weeks ⏱️. Since 60-day cycles can vary from 45 to 68 days, 26-week cycles can stretch from 20 to 30 weeks 📅. Rarely, they can even deviate beyond that, as we saw in August 2023 when the 26-week cycle lasted just 13 days before kicking off the current bull run 🚀. To better time these cycles, use the 1W Cycle Indicator or the Weekly Stoch RSI (set RSI and Stoch Length to 9) to identify 26-week cycle bottoms 🔻. Ok, Master, what if the first 60-day cycle of the 26-week cycle is bearish 🐻, like it was this time? When the first 60-day cycle is bearish 😓, the odds lean heavily toward a bearish 26-week cycle. Look back at previous bear markets 📉 and their weekly cycles to see the pattern. If the start of the 26-week cycle doesn’t surge upward 🛫, it’s usually a signal of a bearish cycle ⚠️. In such cases, it’s often wiser to wait for the next 26-week cycle low before entering the market ⏳. So, is the current 26-week cycle starting bearish too? Correct! ✅ That’s why I’m not allocating heavily 💡 right now. Based on traditional weekly cycle patterns, it’s better to wait for the 26-week cycle bottom before making any major moves 📉. Bitcoin could reverse its trend by the end of 2024 The market is in an unusual state 🌀. Both the Stoch RSI and the 1-week cycle indicator aren’t giving clear signals ❓ for the next cycle, and Bitcoin has had two failed weekly cycles in a row 🚩 (when the cycle fails to hit 80 and reverses downward). This makes it a particularly risky time ⚠️ to enter the market for the short to medium term (1-2 months 📅). But wait … we can’t break the $50,000 level, right? 💵 We can, but if it happens, the break is likely to be brief 🌬️, making it a great buying opportunity 💼. Given the current conditions, it’s improbable that we’ll slide into a full-blown bear market 🐻 just yet. In the most likely scenario, Bitcoin will stay above $50,000 for the remainder of this 26-week cycle, showing just how resilient it is 💪.
BINANCE:BTCUSD
by TheStrategyMaster