Bitcoin 1W chart and you will find answer for all your questionsCRYPTOCAP:BTC 1W chart;
I said we would update the #Bitcoin chart if something important happens, but I want to show you the situation from a wider time frame.
What do you see when you look at it like this, please comment. Please write your own thoughts in the comments section, independent of mine or anyone else's.
From this level, do you think #Btc will say, 1 minute brother, I don't want to go down, this channel can't hold me and go up?
The level I indicated as OB below is also the IMB zone. 2 birds with 1 stone are waiting for retest at $46k.
That level is also the base of the channel and the support/contact level of the much older uptrend line (green).
I have been sharing what I see when I put all the puzzle pieces side by side for a long time.
I am curious about your thoughts as well.
By the way, if those who think like me can also like and share, it would be a great support and this chart will reach many more people. ✨
Bitcoinprice
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BTC/USD: HBO Set to Unmask Satoshi HBO’s documentary Money Electric: The Bitcoin Mystery, airing tonight at 9:00 p.m. EST, is expected to present compelling evidence on the identity of Bitcoin's creator, Satoshi Nakamoto.
Speculation surrounds figures such as Hal Finney, Nick Szabo, Adam Back, Len Sassaman, and David Kleiman, with Sassaman emerging as the frontrunner on prediction market Polymarket.
Should Sassaman, Kleiman, or Finney be fingered, analysts say it could have a positive impact on Bitcoin’s price, as all three are deceased, reducing the likelihood of a selloff from wallets linked to Nakamoto, which hold an estimated 1.1 million BTC.
On the 4-Hour chart, Bitcoin keeps coming back to $62,500 despite recent volatility and larger price wicks.
Bitcoin's local perspective 07.10.24Now, INDEX:BTCUSD has formed an ascending pattern AMEXP (yellow)👇
that describes a correction within the previous descending pattern AMEXP (red)👇
If now the price can break through the $64,076-$64,236 zone, we may see a continuation of growth with targets at $64,738 and $64,955, followed by a correction to the range around the $62,368 level.
After that, we will have to watch the reaction to this zone and the trend line in more detail, as there is a possibility to go to $66,000, and there is a possibility to renew the swing low and say hello to $57,834 - so the area around the $62,368 level will be an important place for decision making.
BTCUSDT in 1h timeframe hello dear trader and investors .... this price action for bitcoin with usdt in 1 H timeframe .... is btc ready for next move ?
The Role of China in Bitcoin’s Future
One of the key factors driving Bitcoin’s upcoming surge, according to Tapiero, is China’s recent economic policy moves. China has been taking significant steps to stimulate its economy by injecting liquidity into the market, which Tapiero believes will act as a catalyst for Bitcoin’s rise. He argues that China’s financial actions could benefit cryptocurrency investors, creating a favorable environment for Bitcoin to thrive.
What Does This Mean for Investors?
Tapiero’s analysis presents a promising outlook for Bitcoin investors. The completion of the “cup and handle” formation could signal a new era of growth, with Bitcoin reaching unprecedented levels. Additionally, China’s liquidity injections could further fuel this bullish trend, making this an opportune time for investors to consider their strategies.
10T Holdings, which manages $1.2 billion in assets, is heavily invested in cryptocurrency and blockchain technology. Tapiero’s insights are highly regarded within the industry, and his predictions regarding Bitcoin’s future are closely watched by investors around the globe. With strong bullish signals, Bitcoin could soon embark on a new upward journey.
Bitcoin breaking 64k!!! Next 68???Hey guys!
Friday scenario didn't worked and we continue growing. Here are some thoughts about next movements.
Bullish: We're now moving in a raising channel and the MA have a bullish cross.
Bearish: The RSI is closing to the overbought point and there is the volume divergence.
Additional: We are between two important resistance and support levels.
So my thoughts here, that If buying momentum continues to fade, given the volume divergence and high RSI, a short-term pullback could occur, potentially taking Bitcoin towards the $62,000 support level. Should this support hold, it may provide a bounce opportunity for bulls to regain momentum.
On the other hand, if Bitcoin manages a successful break above the $64,000 resistance, it could pave the way for a move towards the higher resistance levels between $66,000 and $68,000, marking a continued bullish trend.
What u think?
BTC Bullish Above $65.5K, Bearish Below $60K | Weekly to 4-HourHey everyone, it’s Mindbloome Trader here! Let’s dive into Bitcoin’s charts, from the weekly to the 4-hour timeframe. If BTC breaks above $65,570, we’re in for a bullish run. But if we dip below $60K, things could turn bearish fast. Keep these levels on your radar and, as always, trade what you see. Let’s get it!
Key Levels:
Bullish above $65,570 (Target higher moves)
Bearish below $60,000 (Watch for downside pressure)
Mindbloome Trader
Trade what you see
Bitcoin BTC price sets the mood of the crypto marketThe Oc Uptober fest did not go well on the crypto market - sadness, pain, and the red color reigned supreme.
But is it really that bad, let's find out.
OKX:BTCUSDT price has dropped to $60k and the middle of the channel, where the price has been consolidating for more than 7 months. And although we have set $57k per CRYPTOCAP:BTC as a critical level for ourselves, but maybe we don't need to go there anymore ?)
It's better to use 1-2 large green daily candles up to GETTEX:64K per #Bitcoin. Unfortunately, we don't control the market)
🟢 BTC.D - 58.17%
🟢 USDT.D - 5.82%.
Both indices are slowing down their growth and trying to turn down, which may be a fresh breath of air for altcoins, but it will probably not be enough for everyone)
🔴 The Fear and Greed Index is 37 (a couple of days ago it was 61), there is already fear, but not yet critical, which is where global reversals usually come from.
🍿 We are waiting for Chinese liquidity to enter the cryptocurrency market, just a little more patience. By the way, LSE:CFX with “Chinese roots” has held up quite well in recent days,
it is worth keeping an eye on.
_____________________
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ICPUSDT - BUY OPPORTUNITY- ICP Update -
ICP is one amazing blockchain, within its ecosystem, it can handle gaming, social, web3, Ai etc
DYOR!!! There's just too much about ICP which you can read up on their webpage.
I am personally buying this coin within BUY area, Holding to target areas and potentially SWING TARGET.
My SWING TARGET for ICP for near future is +$150 - $250, this coin 100% deserves 3 digits at fair value, its one of those coins that is built to handle future web3 projects, its utility is amazing, the transaction speeds are insanely fast, if so, even faster than SOLANA. This coin holds its value and reputation in my opinion amongst SOLANA and ETHEREUM, possibly flip SOLANA in near future!!!
The blockchain is just built for the future, and with recent announcement regarding Ai model integrated within the blockchain, This by far is one solid and positive outlook for the future of this blockchain. As the future technology continues to progress and evolve around Web3 and mass adoption of crypto takes off. This coin will surely (in my opinion) be key player within the Web3 industry as well as Ai !!!
We can only look forward from here and accumulate as much as possible, todays price is a steal for this GEM!!! Todays price will be a history in the future! that is my personal view and outlook! I could be totally wrong, lets wait and see.
If this coin dips before Bitcoin halving, I will look further to add to my moon bag.
Trade Safe Habibis
** Crypto is highly volatile and risky, profits are never guaranteed, only risk what you can afford to lose **
BTCUSD Reverses from Major Resistance, Downtrend ExpectedBTCUSD has been trading in a well-established downtrend channel over the past few weeks. Recently, it hit a major resistance level and is now showing signs of a reversal to the downside.
Key Resistance Break:
The price action indicates that BTCUSD is failing to break through the resistance level, signaling a potential continuation of the downtrend in the upcoming sessions.
Potential Target:
Looking ahead to next week, we anticipate that BTCUSD may resume its downward trajectory and could potentially touch the 55,000 mark if the bearish momentum continues.
RSI Momentum Shift:
Multiple RSI lines have shifted downward, confirming the weakening momentum and supporting the likelihood of further downside movement.
Conclusion:
Traders should watch for confirmation of the downtrend as BTCUSD moves further from resistance. The technical indicators, particularly RSI, suggest that the market remains bearish in the near term.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should conduct your own research or consult with a licensed financial advisor before making any investment decisions.
btc in reverse Head and Shouldersthe **reverse Head and Shoulders pattern** signals a possible bullish reversal, and if Bitcoin breaks the resistance with strong volume, it could lead to a significant upward move. The current pullback and neutral RSI suggest the market is in a wait-and-see mode, but the setup looks promising for a potential price increase. What do you think?
Down Down Baby - BTC Short Term RetracementI'm pretty confident that we will retrace back to mid 40's - Then go on a parabolic run.
This doesn't mean sell your position.
I would stay put and wait for the turbulence to play out. The market will always decide the price action.
***Not financial advice**
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 4, 2024Technical Analysis and Outlook:
The "Interim Squeeze" of Bitcoin has witnessed a significant decline to our Mean Support levels at 64400 and 63100, as well as the newly established 60200. On the upside, the cryptocurrency is approaching the critical Mean Resistance level of 64000. A breach of this pivotal level will trigger the movement to the Inner Coin Rally 67000 target, accompanied by further upward momentum, with the primary objective being the subsequent Inner Coin Rally identified at 69300. Nevertheless, the prevailing market interim bearish sentiment anticipates a drop to the Mean Support level at 58000, with the potential for an extension to the Inner Coin Dip 55500 before initiating the primary recovery and progressing into the subsequent phase of the bullish movement.
Bitcoin's local perspective 30.09.24The nearest movement on BTC is now being described by the AMEXP model on the hourly timeframe, where we have two key target zones for the price: at least $62,027-$61,718 and if the impulse will be strong, it will be $59,893-$59,447.
After reaching these zones, we can expect a rebound to at least ~$64,000 and as a variant of scenario - an attempt to update the high, but frankly, it is too early to talk about it.
In the specified range of $62,027-$59,447 we will try to find a long with the aim to catch at least a rebound. Let's specify that the position will probably be a small size, as there are high risks of not stopping in the mentioned area.
Strategic Bitcoin Accumulation & Market Insights: October 2024
Current Price : INDEX:BTCUSD $61,898 🚀
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1. Overview of Price and Market Dynamics
Price Action :
Bitcoin is trading at $61,898 , showcasing strong momentum. Market dynamics reflect a balance between whale accumulation 🐋 and short-term speculative movements 📊. The price has consolidated after breaking key support, with large holders dominating market activity.
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2. Accumulation Zones 🛑
Whales have been steadily accumulating in the $55,000 - $58,000 range 🐋, signaling strong confidence in future price appreciation 📈. This zone will act as a significant support level in case of any pullbacks.
- Accumulation Zone : $55,000 - $58,000
- Observation : This zone has the highest concentration of buy orders, making it a critical support area.
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3. Distribution Zones 📈
The primary resistance zone is located between $65,000 and $67,000 . Sell-side pressure is expected to increase as short-term traders take profits 💰. Watch for increased volatility in this zone.
- Distribution Zone : $65,000 - $67,000
- Observation : Significant resistance at this level could trigger a short-term pullback.
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4. Accumulation Strategy 📊
Where :
The ideal accumulation range is between $58,000 - $60,000 , where whales are heavily positioned. Large holders are removing Bitcoin from exchanges and storing it in cold wallets 🧊.
When :
Accumulate during periods of low volatility. Exchange outflows indicate fewer people selling Bitcoin, providing a strong buy signal 🔥.
How :
Use a dollar-cost averaging (DCA) approach between $58,000 - $60,000 to mitigate volatility. Set stop-losses below $55,000 to protect your capital.
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5. Distribution Strategy 💡
Where :
Consider selling around $65,000 - $67,000 , where strong resistance is expected 🛑. This area has previously seen significant sell orders, creating a potential distribution zone for traders.
When :
Look to distribute as Bitcoin nears the $65,000 resistance level. Failure to break this level will likely lead to a pullback 📉.
How :
Use limit sell orders slightly below $65,000 to maximize profits. Long-term holders can consider partial distribution to lock in gains while riding the next potential wave upward 🚀.
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6. Whale Activity and On-Chain Metrics 🐋
Whales have been accumulating Bitcoin steadily between $55,000 - $58,000 . The reduced exchange inflows indicate large holders are moving assets off-exchange 🧊, preparing for a long-term hold. Unspent Transaction Outputs (UTXOs) have been increasing, further confirming long-term accumulation.
Actions :
- Accumulate with Whales : Buy within the whale accumulation zone between $58,000 - $60,000 .
- Monitor Exchange Inflows : Decreasing inflows are a bullish signal for future price appreciation.
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7. Key Technical Indicators 📊
- Support : $55,000 - $58,000
- Resistance : $65,000 - $67,000
Volume :
Volume is building around the $58,000 - $60,000 range, indicating steady accumulation 📉.
RSI :
RSI is neutral, meaning Bitcoin is not yet overbought. Momentum is building for a potential breakout above $65,000 .
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8. Derivatives and Open Interest Analysis 📈
Open Interest :
Bitcoin open interest remains elevated in futures markets, signaling heavy speculative activity. A potential price move above $65,000 could trigger liquidations 🚨.
Funding Rates :
Funding rates are neutral, meaning long and short positions are relatively balanced. This suggests that traders expect further price gains, but not extreme volatility.
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9. Take Profit and Stop Loss Levels 📉
Take Profit Levels :
- $65,000 - $67,000 : Ideal take-profit zone for short-term traders 📈.
- $70,000 : Secondary take-profit target for those expecting a strong breakout.
Stop-Loss Levels :
- $55,000 : Place stop-losses just below this level if accumulating around $58,000 . This ensures capital protection in case of a downside move 📉.
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10. Final Observations and Strategy Summary 🔍
Why :
Whale accumulation, decreasing exchange inflows, and strong on-chain activity suggest that Bitcoin is entering the final stages of accumulation. A breakout above $65,000 could drive prices toward $70,000 .
Where :
Focus on buying in the $58,000 - $60,000 range and aim to sell near $65,000 - $67,000 . Long-term holders should continue holding.
When :
Look for accumulation during periods of low volatility and outflows. Distribute near resistance zones and take profits at critical levels.
---
Strategic Actions :
1. Buy : Accumulate between $58,000 - $60,000 .
2. Sell : Take profits near $65,000 - $67,000 .
3. Hold : Long-term holders should maintain positions, as whale activity points to future upside 📊.
BTC in Bearish Flag!!! Are we going deeper?Hey traders!
Short term update for Bitcoin.
So we have here:
1) Bearish flag on 1H timeframe
2) Descending volumes
3) Divergence from the BTC direction and volumes
For me, we can go to the next Fib level, which is 0,618 and it's an important one. After we could see the reaction and try to understand what can be next.
What's your thoughts?
Uptober Delayed?One often-shared myth among crypto traders is that of 'Uptober'. After a slow summer, markets tend to pick up in October. This is somewhat based on historical data. October is the third-best best performing month for crypto assets after November and April going all the way back to 2012. Expectations for this current October are set high after the long-awaited Federal Reserve rate cuts finally materialized. And indeed, Bitcoin's price had started slowly climbing from early September onwards. The scene was set for an acceleration during 'Uptober'.
But as we know, reality rarely follows a trader's playbook. Escalating conflict in the Middle East has started to push up the price of crude oil. This throws additional uncertainty over what could be a worsening economic outlook, just ahead of a crucial American election. The number of unknowns is rising, and Bitcoin's price action continues to prove that it is still far from being seen as a 'risk-off' asset comparable to gold. As Bitcoin's price predictably retreated, Gold rallied. The BTC-Gold flippening is clearly a long way off.
However, it is not all doom and gloom. Bitcoin recorded both a higher low in early September compared to the previous August low and a higher high compared to one month ago. Also, the impact of rate cuts is only slowly starting to impact markets. The rate cuts will certainly benefit Decentralized Finance (DeFi) protocols who will once again be able to compete with their higher yields against now lower-yielding, but far more secure Government bonds.
The mood in markets has slightly shifted away from the misery that many participants felt earlier in the summer. The launch of the much-anticipated Eigenlayer token has so far played out better than some had expected. A slow renaissance of DeFi tokens is starting to register. And even a hippo-themed Memecoin rallied to $300m market cap in 2 days before retracing. Bullish traders continue to test the waters. Earlier in the year, the bulls had exhausted their buying power when the market rally fizzled out. Now it might be the bears who have nothing left to sell. Maybe not all hope is lost for an Uptober rally after all.