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“Bitcoin is rising."Cryptocurrency markets are going through a dynamic period with significant developments. In Germany, 47 cryptocurrency exchanges were shut down by the Federal Criminal Police Office and the Internet Crime Complaint Center as part of efforts to combat money laundering activities. However, following the Fed's decision to cut interest rates by 50 basis points, there is a decline in dollar-denominated assets. This situation is supporting upward movements in Bitcoin. From a technical perspective, if it surpasses the 63,300 resistance level, the 65,000 and then 68,500 resistance levels could be tested. On the downside, if Bitcoin breaks below the 60,000 level, a further decline toward the 57,330 and then 54,000 support levels could occur.
BITSTAMP:BTCUSD
by primequotes
Bitcoin's local perspective 16.09.24The current local trend, which started last week, is described by the EXP ascending pattern (orange) and as long as its trend is not broken, there are all chances to continue moving towards $61,700 and $64,186. At the same time, now we see the forming EXP pattern (turquoise), which is a corrective pattern to the previous one. If the price goes under the zone formed by the fourth points of the models - the zone around $58,100, we may see a decline under the level of $55,494, where we will try to catch a long on #BTC on the rebound. If the price is able to consolidate under the $55,494 level, the next target will be the levels of $53,472, $51,268 and $49,155.
INDEX:BTCUSD
by TSFC
More pain before we SoarHere in this chart, I have mapped out the price points to keep an eye on. I like the 53k-55k range and believe it is extremely bullish for us to stay above it but the longer we linger here... the more likely we are to break down. Down would be to 48k support which is not as strong as some may think. I am still keeping an open mind to the possibility of an event where we don't have a normal cycle that rallies into the next year post-cycle but instead a drastic dip back down to reality at 38k - this is also a worst-case scenario and possibly the disbelief phase of the cycle. Or I can always go with my gut and say that we already had a short-lived bull market these past few years.
COINBASE:BTCUSD
by RetiredNovice
Bitcoin BTC price is preparing for a “crazy” SeptemberIf we compare the stock market drops at August 05 and September 03, we can say that the crypto market is still holding up very well. But we shouldn't relax, because there are a lot of events coming up in September that will set the tone for the Autumn: 1️⃣ September 6 - data from the labor market. July 5 and August 5 were extremely volatile downward after the data release. Now the market interprets and considers the most important indicator of the health of the US economy to be not inflation but the number of jobs created. Based on this data, on August 5, the market plunged into a not so pleasant weekend when CRYPTOCAP:BTC went below $50K. 2️⃣11 September - publication of the CPI and inflation data in the United States. 3️⃣18 September - the results of the two-day Fed meeting, the announcement of a rate cut. It's elegant that this day is also a full moon, conspiracy theorists are on the base) 4️⃣20 September - a hat trick - a day when stock options, stock index futures, and stock index options expire on the same day. This happens only four times a year - on the third Friday of March, June, September, and December, which can lead to a sharp increase in trading volume and volatility. 🍿 Preparing popcorn and soothing valerian) And if you look closely, you can see how beautifully OKX:BTCUSDT price moves through white dynamic fibo channels, from border to border. So use this information to your advantage, with profit!)
by P_S_trade
2
ETH Extreme Weakness - A Warning SignSince my last update on this chart, Ethereum has broken its long term uptrend and dropped almost 40% in value. This was back in May of this year: Zoomed out, you can see the failed long term trendline. Obviously, a break back above it would be a bullish sign, but there's a long way to go, as it's currently around $4,000. Right now, it rests on its 200 and 100 weekly moving averages (teal and yellow on my chart). There really isn't much support below here at all until previous bear market lows, near $1,000. In contrast, Bitcoin has a long way to fall before arriving in the same position. This is not unlike the previous cycle, where ETH bled significantly on its ratio against Bitcoin. For crypto bulls, this may be a good sign. However, there is still plenty to fall on the ETH/BTC ratio after making a macro lower high: There is no support on the ETH/BTC chart until lows not seen since 2020. It doesn't bode well for the #2 cryptocurrency, as it was unable to make a new high against Bitcoin. This means it is unlikely to outperform again on longer timeframes. This isn't a great look either, given the new ETH ETF's. I have no intention of buying ETH again, after making significant profit from 2018-2021 (buying around $100 and selling near $3,000). Can't complain about those gains at all, especially as its price hasn't managed to really hold above that price point this time around. On the bullish side (in the short term) if price continues to hold here, there could be a corrective wave up towards the 50 week MA near $2,800 (red). As for Bitcoin itself, the 200 week MA is a little below $40k at present. Let's see if price can break down from the current support at the 50 week MA (red). If support continues to be held here, it is likely to hold for ETH as well. Now, what about this rate cut tomorrow from the U.S. Federal Reserve? Given retail sales and the apparent strength of the economy, it seems fairly likely that 25 bps will be the decision. Now, investors and other market participants are quire wary of other economic data, which could easily signify a recession. Markets have been volatile in recent weeks. The Fed must tread carefully. If they cut by 50, it could signal to investors that they tightened too far, and are taking greater steps to curtail a recession. This might spook the market. My guess is that even with the 25 expected bps, the market will have the same lackluster reaction, particularly as it's not a meaningful rate reduction. Either way, I don't think the market will be pleasantly surprised enough to cause a significant bump up, essentially making tomorrow a "sell the news" event. We'll see though! Perhaps it really is that simple: rate cuts=more liquidity for a pump. This is meant for speculation only! Thanks for reading. -Victor Cobra
COINBASE:ETHUSDShort
by VictorCobra
3
Bitcoin September 17th 20241. Price Action (Candlesticks): Current Price: The price is hovering around $60,141.67, as indicated by the highlighted value. Recent Trend: The candlesticks suggest that Bitcoin has been in a sideways trend for the past few weeks. The price seems to be bouncing between support at around $52,500 and resistance at $66,000. Downward Correction: After hitting the recent high around $66,000, a correction seems to have taken place, as indicated by multiple bearish candles. However, Bitcoin hasn't broken down into lower support levels, suggesting a consolidation phase. 2. Moving Averages (MAs): White Line: The white line appears to be a long-term moving average (likely a 200-week moving average), which is far above the current price. This implies that Bitcoin's price is still significantly below its all-time highs and could indicate a potential upward target if a bullish trend resumes. Yellow Line: The yellow line could be a shorter moving average (possibly 50-week), which is closer to the current price and appears to be acting as resistance in recent weeks. Interaction with MAs: The current price is struggling to stay above the shorter MA (yellow), which suggests that Bitcoin may face more selling pressure if it fails to hold support above it. 3. Indicators: MACD/RSI at the Bottom: The red and green indicator at the bottom seems to be either an RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence). The red shaded area indicates a bearish trend, while the green shows a bullish trend. Since the red is dominant and the indicator is trending downward, this points to a period of bearish momentum. The RSI, if that's what the indicator represents, looks to be below the midpoint (around 50), suggesting that Bitcoin is not in overbought territory, but also not deeply oversold. It signals weak momentum in the recent period. 4. Support and Resistance: Support: There is solid support around the $52,500 level, as seen in previous price action where Bitcoin bounced several times. Resistance: The $66,000 level seems to be a significant resistance, as price has failed to close above it in recent weeks. Breakout/Breakdown Potential: If the price breaks below $52,500, we could see a deeper correction, potentially testing lower support levels (around $40,000 or even lower). Conversely, if it breaks above $66,000 with strong volume, Bitcoin could head toward $74,000 or beyond. 5. Volume: The volume data is not visible in this screenshot, but low volume during this consolidation phase would indicate indecision or a lack of strong buying interest, while increasing volume on upward moves would signal potential breakouts. 6. Longer-Term Outlook: The long-term moving average (white line) remains above the current price, indicating that Bitcoin's overall long-term trend is still upward, even though there's short- to medium-term bearish pressure. If Bitcoin can hold the $60,000 range and break the $66,000 resistance, it could retest the highs and continue its uptrend. However, failing to do so might signal a longer consolidation period or even a deeper correction. Summary: Bitcoin is in a consolidation phase after a recent correction, with key support at $52,500 and resistance at $66,000. Momentum indicators suggest the trend is currently weak and slightly bearish. A breakout above $66,000 could lead to a continuation of the uptrend, while a breakdown below $52,500 would signal further bearish action. This chart presents a critical moment for Bitcoin, where the market is waiting for a decisive move in either direction.
INDEX:BTCUSD
by ILL_Midas
SasanSeifi|A Quick Overview of Bitcoin’s MovementHey there, ✌In this analysis, we’re taking a broad look at Bitcoin's trend. As observed on the 20-day chart, Bitcoin rallied from the $16,000 range, leading to a price increase that saw it reach an all-time high (ATH) of $73,700. However, after failing to hold and close above $70,000, the price entered a consolidation phase and eventually corrected to fill the gap near $49,800. Currently, candles are closing above the critical $54,100 liquidity level, with Bitcoin now trading around $60,000. The market remains in a ranging phase. Historically, we’ve seen Bitcoin make significant moves around November each year, and as we approach the end of 2024, it's possible we could see a similar trend, whether upwards or downwards. It’s also worth noting that we have upcoming elections, which could impact the cryptocurrency market. Based on this, the scenarios we can consider are as follows: Bitcoin is likely to remain in this range or experience corrections down to the $46,600–$46,000 targets by year-end. However, a breakout and consolidation above $70,000 could pave the way for a further upward trend, with targets in the $77,700–$80,000 and $85,000 ranges. This is a long-term view, and to confirm a bullish trend, we need to see price stability above $70,000. If the price corrects to the aforementioned support zones, it will be crucial to observe how it reacts for a better understanding of the next moves. Stay tuned for updates, and don’t forget to like and follow for the latest analysis. I’d love to hear your thoughts in the comments!✌🙌 ❌This analysis is my personal viewpoint and not financial advice.
BITSTAMP:BTCUSDLong
by SasanSeifi
I am ALL IN BITCOIN BTCUSDTSignal: Green on 1st Ribbon for the second time Green on Background Ribbons High Probability to see New High of all time, so I have invested all of available fund - I am ALL IN. As expected on my last post - 1ST signal, #BTCUSDT has done the 1st wave, now the 2nd signal appears. DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions and be responsible for your own investing and trading Activities.
Long
by go8686
2
Bitcoin Update: Crucial Insights Before Fed Rate Cut DecisionI've got some important updates for you. We're closely watching Bitcoin, and things are looking bearish right now. There's support around $56,700; ideally, we'd like to see it held there for a few days. If that doesn't happen, the next support level to watch is $54,000. Now, the big news is about the Fed's decision on interest rates this Wednesday. It's difficult to predict the market's direction at the moment, as everything hinges on that rate cut. Until the Fed makes its move, the market's reaction remains uncertain. According to the FedWatch Tool, there are two possible outcomes for the rate cut, with odds provided by the CME Watch Tool as of Monday. There's a 33% chance of a 0.25% rate cut, while a 67% chance points to a 0.5% cut. As of now, it seems the market is leaning towards a 0.5% cut, but we’ll know for sure on Wednesday. For my part, I'm taking a cautious approach and sitting on the sidelines until we see how the market reacts after the Fed's decision. This isn't financial advice, just sharing my strategy. If you have any questions, feel free to leave them in the comments, and don’t forget to hit that like button! CME Watch Tool www.cmegroup.com
GEMINI:BTCUSD
by CryptocurrencyWatchGroup
Bitcoin potentially to $48k regionBitcoin is currently inching towards to 70% levels of the Fibonacci retracement level. With that in mind, there is a high proability that we visit the 78% level as well. The Yellow box represents these levels. Price is also currently below the 20MA, 50MA & 200MA. There is currently $974 Million long liquidation orders if price reaches $48,500 level. This is very intensing for market makers to push price lower. On the flip side there are Billions on the 30 day liquidation chart if Price pushes back into the $60k region.
BITSTAMP:BTCUSDShort
by ewhite41
BTC/USD 4H Short Trade Setup: Anticipating a Momentum ShiftThe trade seems to be based on a potential rejection or weakness in the current price action, with targets likely set to take advantage of a downward movhart setup: Analysis: 1. Entry Point: The trade might have been triggered around the current price level, where the market shows signs of stalling or reversing. 2. Stop-Loss: Placing the stop-loss above the recent highs ensures protection against a false breakout or unexpected upward movement. 3. Take-Profit: The take-profit targets could be set at key support levels or based on Fibonacci retracement levels, considering the recent price action. 4. Risk Management: As always, managing risk properly is crucial, so partial profits can be taken along the way, and stop-loss levels can be adjusted to secure gains if the price moves in your favor. 5. Market Conditions: We may stay in a range before the anticipated move happens. This is going to be a short trade, aimed at catching some momentum for the start of the week. I might close it early depending on how the momentum develops, so it’s important to stay flexible and adapt to the market conditions. This trade anticipates a possible range-bound movement before a momentum-driven shift occurs. Given the nature of the setup, it may be a brief trade aimed at capturing the initial momentum of the week. The position might be closed early, depending on how the momentum unfolds. Stay vigilant and be ready to adjust based on market conditions. 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.
BShort
by AR33_
1
Bitcoin Breaks $60k: How Rising Global Liquidity is Fueling the Good Morning Crypto Friends and Investors, It's an exciting time in the market—Bitcoin (BTC) is back over $60k and has successfully reclaimed the 200-day EMA. The price is following the bar pattern we discussed last time, maintaining a steady trajectory for continued upward momentum through the end of the year, especially with global liquidity levels on the rise, as illustrated in the chart below. The global liquidity trend is visible on both daily and weekly charts, with indicators like the Hull Suite, Donchian, and the Rate of Change (ROC) all trending upward. What Typically Happens When Global Liquidity Rises? Historically, when global liquidity rises, it often sparks upward trends in financial markets, particularly in assets such as stocks, commodities, and real estate. Increased liquidity means more capital is available, and central banks or financial institutions may inject funds into the economy, often by lowering interest rates or implementing quantitative easing (QE). Key Market Trends Associated with Rising Liquidity: - Asset Price Inflation : As liquidity increases, investors typically move capital into higher-yielding assets such as stocks, cryptocurrencies, or real estate. This capital influx drives up the prices of these assets, sometimes creating asset bubbles. - Lower Interest Rates: Central banks may lower interest rates to stimulate economic activity, making borrowing cheaper for businesses and consumers. Lower rates also make bonds and other fixed-income assets less attractive, pushing investors toward riskier assets like equities. Globally, this trend is already in motion, and it's anticipated that on September 18th, the U.S. Central Bank will follow suit with a rate cut, expected to fall between 475-525 basis points (bps). - Weakening of Currency Value : With more money circulating, currencies can weaken, particularly during aggressive QE periods. As currency values decline, inflation may rise, reducing your purchasing power. I highly recommend reading my article, "Why You Need to Invest," or watching my corresponding YouTube video for more information. Remember, when fiat currencies lose value, hard assets like real estate, Bitcoin, and gold tend to increase in value, so it's wise to plan accordingly. - Increased Risk Appetite: Rising liquidity and falling interest rates encourage investors to take on more risk, driving up stock market valuations at a rapid pace. If you're looking to capitalize on this risk appetite, platforms like Robinhood and ByBit offer margin accounts that allow you to borrow within your investment portfolio, increasing your exposure to both growth and potential loss. Be cautious when using margin or leverage, as global liquidity is cyclical. Eventually, QE will give way to quantitative tightening (QT), and you could risk losing your gains. - Commodities Rally: Commodities, such as oil, precious metals, and even Bitcoin, often rise in response to increased liquidity. Investors view these as a hedge against currency devaluation and inflation. Bitcoin, with its dual role as both a commodity and a tech-like asset, tends to perform well in both risk-on and risk-off environments. In my opinion, having some Bitcoin in your portfolio is always a good strategy. Risk Update: I'll be honest—during the last cycle, I convinced too many people to invest in cryptocurrency and Bitcoin because I, like many others, believed in the supercycle theory and anticipated even higher prices. This time around, I’m taking a more measured approach. As long as prices and indicators support a bullish case, I’ll continue to advise my friends and followers accordingly. However, as we approach the market’s peak, I will be sharing strategies for taking profits. You can read more in my article, "A Strategic Approach to Bitcoin," (substack.com) or watch my YouTube video, “Bitcoin's Next Big Move: My Strategy Revealed!” I’ll revisit this topic when it's more immediately relevant, but for now, fear and greed indices remain borderline fearful—this is the time to buy. A few months from now, the risks will be higher, and potential gains will be smaller. Indicator Update: Risk Level: Zero (Bullish) Puell Multiple: 1 (Bullish) Mayer Multiple: 2 (Bullish) Bollinger Bands % (BB%): 0.35 (Bullish) Hash Ribbon: Still trending higher (Bullish) In Summary: Global liquidity is on the rise, rate cuts are looming, and historically, these factors lead to significant earnings potential. Don’t wait for the FOMO to set in—our indicators and projections are tracking well, and there's substantial profit to be made if you act according to your risk tolerance and financial plan. Always consult with your financial advisor before making any investment decisions, and discuss your strategy to see what aligns best with your long-term goals. Godspeed, and good fortune. --Complete article found here: substack.com -- For more insights, please visit my webpage at linker.ee/pcalzolaio. I look forward to sharing this journey with you all. #FIRE #FREEDOM #BITCOIN Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
NASDAQ:LQDTLong
by Calzolaio