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Bitcointrading

DON'T LOSE HOPE: BTC LOVES DecembersOver the past few years, BTC has shows affinity for Decembers. If you've been following for a while, you'll know I've been on about this "multi-month" cycle that eventually leads to another BTC ATH before the bearish cycle starts. And it's been exactly that - a mulltimoth period of sideways trading and corrections. However, considering how BTC usually increases in Decembers I'm inclined to say we may yet see our final ATH in the last quarter of the year; specifically towards the end of the year. Currently in the 4h, we can see a strong V-shaped recovery after a dip to 49 000. The dip doesn't bother me in the least bit, because this is the original target I had from Elliot Wave analysis months ago: We're still making higher lows, and even if we trade just over and under 60K for a period I will sleep easy. _______________________________ BINANCE:BTCUSDT
Long
by CryptoCheck-
2
Bitcoin BTC price + CPI US 15.05 will stir up the marketHere is a chart of #BTCUSDT on the 12-hour timeframe. At first glance, it looks nothing special: a prolonged consolidation on falling trading volumes, everything is natural and natural. But tomorrow, at 15.05 at lunchtime with the close of the 12hr candlestick, everything can change. Tomorrow is the announcement of the "fresh" US CPI rate. Forecast: inflation will decrease from 3.5% to 3.4%. Declining inflation = a good signal for the growth of financial markets. But the tweet from Mr. Biden adds some "spice". President Biden: wants to give new home buyers $400 per month for 2 years to help people with housing. This is either a pre-election promise or a good opportunity to start the “printing press” And now for a bit of conspiracy theorizing: Let's assume for a moment that Biden knows a little more than we do. And tomorrow it will be announced that inflation has fallen not to 3.4% but to 3.2% or even 3%. This will definitely cause a powerful surge and growth in the market. The last thing that comes to mind is how massively $ were printed and distributed in the spring of 2020 as financial aid during COVID-19. Do you remember how the crypto market grew then in 20\21 from an additional portion of “retail's crazy money”?) So where do you think the CRYPTOCAP:BTC price will go in 24 hours? 👍 towards $71000 👎🏿 towards $56500
by P_S_trade
23
#BITCOINx.com Two weeks ago, when BULLISH sentiment was flooding everywhere, from major crypto online publishers to the biggest crypto YouTube influencers, I decided to send this message to their contact/editor email with a kindly ask, that I would like to present this outlook as a reasonable counter-view to their. PRO BONO. FREE OF CHARGE. From 15 of the major publishers, ONE of them replied with- No. EVERYONE else just ignored the message. TODAY, when BTC is 20% lower, you don't see them apologizing for their incompetency, they rather come up with excuses for WHY it happened, not thinking about damage they have done to all people who TRUSTED in THEM! So this message is for YOU - an ordinary general public person, who took an interest in crypto investing. DO NOT TRUST THOSE PEOPLE! THEY DON'T CARE ABOUT YOUR BEST INTEREST! ALL THEY CARE ABOUT IS MONEY THEY RECEIVE FROM THOSE VERY COMPANIES THEY PUBLISH FOR! If you want to be AHEAD of the GAME and NOT HOLD the Bag, CONTACT US in DM! #Bitcoin
BINANCE:BTCUSD
by cryptocapitaltrading
1
Bitcoin BTC price, new FED rate and Powell's speech 31/07/24Today at 18.00 UTC , the Fed will announce a new rate, followed by Powell's speech. At the very least, increased volatility is guaranteed for the evening, so hedge your positions and uses stop orders and stock up on popcorn 🍿 Trading with leverage during this period is not worth it. 🤫 96% for the rate to remain unchanged - 5.5% 👎 4% for a rate cut to 5.25% today) 🔼 A rate cut is definitely an unexpected positive and a very likely breakthrough of the OKX:BTCUSDT price upwards, according to the 🐳 blue scenario. 🔽 Leaving the rate unchanged + Powell's standard comments: “the dynamics are good, but it's still far from the desired 2% inflation and blah blah blah... - this is a continuation of the correction of the CRYPTOCAP:BTC price to $62000 according to the 💔 red scenario So which scenario is closer to your heart: 🐳 or 💔 ? Write at comment (50 🚀 and we will add BTC.D and USDT.D charts to this idea)
by P_S_trade
11
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
Bitcoin on a weekly timeframe is bullishFrom an Elliott Wave Theory perspective, #bitcoin is currently ending a corrective wave 4. Duration is now identical to that of prior Wave 2 so we are fine in that regard. In terms of structure, this correction is complex, alterning with Wave 2´s standard ABC correction. We could either be in a Flat ABC or in a WXY zig zag, this is not yet defined. In any case it looks as if this correction is either finished or soon to be. Momentum is still downwards and buyer have not showed up. So further downward pressure could still push the price a bit more. Expected target for ending this Wave 4 is the purple rectangle: somewhere between $49,360 and the already reached $53,500 level. Unless we see a flash reversal, the $50,000-51,000 level (where prior support sits) would not be surprising. And from there... up Enjoy the ride!
Long
by Ivanbole71
BITCOIN will find support above $57k & Rally To $90k In 2025.I thought I would look at BITCOIN as I've been doing my Plan Your Trade videos. I don't follow BITCOIN much - but the skills I teach related to price channels, Fibonacci Price Theory, Anchor Bars, Fibonacci Retracement/Extension, and others can be easily applied to any chart. So, I created this video to share with you how I look at opportunities and pertinent price formations. First, I see a FLAG formation that is nearly complete. Second, I see a 100% measured move that has prompted the stalling price action (the FLAG). Third, I see multiple price channels leading to a robust possibility for a rally phase in BITCOIN later this year and into 2025. Lastly, I paired my analysis of BITCOIN with my expectations for the US Indexes. Thus, if I were expecting a broad market collapse over the next 6 to 12+ months, I would bias my decision-making towards the downside as asset declines typically result in all assets moving downward for a brief period. Watch this video and let me know what you think. I've laid out an A (bullish) vs. B (bearish) scenario for everyone and highlighted key levels of support/resistance for traders. At this point, I believe the strongest outcome for BITCOIN is a bullish rally targeting $90k+
BITSTAMP:BTCUSDLong
by BradMatheny
6
BITCOIN Outlook for Q3 2024Hello everyone, Today is the beginning of the new fiscal quarter, so as usual that means Q3 outlook is here. I already know that with this one, I will most likely not make any new friends, but things have to be said even if the majority may be against "the Idea". So first, I would point out that my Base Case from Q2 is still relevant in my opinion : " My Base Expectation for now is that this MAY(June/Q2), MAY be the worst time to become a Buyer/Bull for a prolonged period of time as we potentially already reached our TOP. That is because, as I mentioned in Q1 outlook: "6. - !!! New REAL Bullmarket didn't Start until Interest Rates reached their bottom rate !!! Note, this time can be different due to inflation & elevated price levels, which cause more money in rotation, but IT SHOULD NOT change base line of reverse expectations when the correct time comes - 1.FED start cutting, 2.FED stop (is DONE) with cutting, 3.bottom Rate is found" " ______________________________________________________________________________ Secondly- Yes, my outlook is Based on Macroeconomy, since I am of the opinion that the Economy and decisions of Central Banks are closely correlated to the charts and prices on them. With that said, I am going to present a few charts which may bring some clarity to what I am expecting to happen in the next 3 months and Why I am NOT over-optimistic . Before I start posting these screens, I would like to say, that I believe we are in incredibly tough times to call shorts where price will go since we are in kind of unprecedented times - both chart-wise and macroeconomy-wise kinda too. So Why I am still more Bearish? These are just a few examples of Why I am still more bearish.. I am sure that I could add some more, but at this point my "reasons Why" should be clear to everyone and if not, I would suggest you read the Q1 & Q2 outlook too. Also, I would like to mention that this week we will get a lot of economic data which may provide a clearer view of what is coming next month/quarter. Anyway, I decided to do this TODAY so I am working with what we have "RIGHT NOW". If my opinion changes in the future based on these data I will let you know. As well, to not be viewed as "perma BEAR", I want to say, that I see possibility that BITCOIN keep going Higher in Q3 and reach new ATHs ( all economic data comes "bullish" and FED still not decided to cut rates), BUT it is not my Base Case for now. My Base Case as I said - staying the same as was in Q2, at least for now! Until next time good luck to everyone. Joe ________________________________________________________________________________ Hopefully, some of you found this post interesting and helpful in further market navigation. If YES, please consider liking or sharing this post, it would mean a lot to me. Thanks!
INDEX:BTCUSD
by cryptocapitaltrading
Back at the 100x longIt looks like btc is bouncing off key support at 56500-59500 usd. Key resistance is now at 72-74k. It has stayed in this trend from going in between these zones since late February (last 4 months). The RSI was also oversold at both 4H and daily. We are now looking for the MACD to flip bullish at higher timeframes 4H-1D (it is already bullish at 1H). When btc confirmed support (looking to at least get a bounce) and broke out of the downward sloping trend. I went in with a 100x long. The trade has been made risk free and I will move my stop loss into more profits (usually under the last bottom) as prices keep rising. Btc and the S&P500 index is also related and the S&P500 index is reversing and has some nasty gaps to fill. I predict that this index will get a correction of at least 7%. This is bullish for bitcoin! But let me tell more about the current trade. The worst possible scenario at the time of writing is that I get a 152% ROI and the best that can happen is that I make a 2000% ROI. This is a good position to be in if you ask me. I will make money regardless!
Long
by Madmantrades
2
25/6 update to yesterday update: BTC 9:00 UTC-4 18/6/2024 Short Hello everyone, looks like yesterday's call: "In my opinion, there is still potential to move to Lower prices, but we need to take a close look at how the price will behave around 1M ATH Close price @ 61.375$. If we are able to blast through it, my next expected target would be 58.500$." - comes to fruition once again. Extra 5% in the bag for those who stuck with trade at least partially. So what's Next? As we can see, after we arrive at our target 58.500$ we got immediate bounce back to the price I told you to keep an eye on. Reason Why I already mentioned several times in my previous posts. As for my next trade, I can still see odds in favor of continuation to Lower price targets - 58.500$ again and depending on How it will act around that price on a 1-5-15min chart determine if we can see further bleeding or we bounce and revisit Higher price. So for now, I'm of the opinion that if we reach around 61.375$ to 61.500$ again it would be still a great Short entry area. Having in mind that I will be using STOP LOSS around 61.850$ as protection in a case I'm WRONG and we go to the "bounce target" I mentioned yesterday which is around 63.8k$-64.2k$. If that happens, that would be my New Short Entry area. Good luck in your trading Joe
INDEX:BTCUSDShort
by cryptocapitaltrading