Hello the final cycle of Bitcoin - remember this one people.Three patterns, three possibilities
Regardless same direction.
Welcome to the last cycle of Bitcoin, remember it while you can.
Once institutional adoption is facilitated through spot ETFs, there will be no more significant drawdowns, and there will be no more large parabolic runs, as we have experienced for the last times.
Anticipate the culmination of a remarkable rally to unprecedented highs, succeeded by decades of Bitcoin stored in cold wallets, accompanied by a sustained, steady growth in a 20-year bull market.
Please take note of this post on reddit 10 years ago from today by "Tester24834"
"How is a $2,600,000,000,000 market cap for BTC possible?
How is it even realistic that Bitcoin will get to the 2.6 trillion dollar market cap necessary for each BTC to be worth 200k USD as some have suggested (or even worse for them to be worth 1 million each). This seems delusional but I have unfortunately been sucked in. Please tell me that it MAY be possible. Even the top company in the world (Apple?) has around a 400-500 billion dollar market cap only."
People need to understand market cap for a reserve asset cannot be anything under 10 trillion
That's a $511,000 bitcoin price a return of about 13x the same calculations the largest funds in the world are sitting on waiting for the Spot ETF.
I can't emphasize this enough, 14,874,131 are in the long term holder supply meaning either these are lost Bitcoin or people not willing to sell.
If these coins don't appear on the market that's 4,625,869 left with a market cap of 10T that gives Bitcoin a price of
$2,000,000 Yes 2.2 Million US Dollars.
What people have to understand is the market cap is an utterly stupid and miss leading calculation of a valuation for an asset but its what we use today in our math system.
Bitcoin has the potential to gain a trillion in market cap per month once spot ETF's are live.
There is simply not enough Bitcoin to meet the demand of this type of money meaning what? the price has to meet a middle ground where long term holders are willing to sell.
I'm sure BlackRock are just praying no funds tap the market until a spot ETF is launched because there's going to be an initial 3-5x in a short time on Bitcoin's price.
-17.3- Trillion in US All Commercial Banks
Tether's circulating deposits? -86.1- Billion
Circles circulating deposits? -24.3- Billion
Oh and there's also 27 Trillion in Pension Funds
Bitcoin is the most under priced valuable asset right in front of everyone.
Bitcoinusd
BTC - THIS Last happened in 2019 📈Hi Traders, Investors and Speculators of Charts📈📉
As you know, we're trading in the opening moments of a new bullish cycle.
A quick look at the BTC chart from short term and macro term perspective. In the 4h we see a flag pattern, and in the weekly chart we see a significant event that last happened in June 2019, which was the opening moments to the previous ATH.
From a technical indicator analysis and BTC chart analysis (short and macro), it seems as though BTC is very well on it's way to a new ATH.
Remember, support and resistance zones are great to watch for possible long and short opportunities during brief pullbacks!
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BINANCE:BTCUSDT BITSTAMP:BTCUSD
💡 BTCUSD: Stick to 36000Rewrite the following paragraph a bit shorter: Bitcoin continues to grow during trading sessions. Currently the largest cryptocurrency is approaching the price range of 36,000 USD.
According to observers, Bitcoin price has recently had impressive growth because there are many rumors about the birth of a Bitcoin spot exchange-traded fund (ETF). Accordingly, it is expected that this fund will attract more inflows, allowing more investors to buy Bitcoin without directly transacting.
Bernstein analysts predict Bitcoin's value will increase significantly, potentially reaching $150,000 by mid-2025 from its current price of $35,000. This bullish prediction surpasses Bitcoin's all-time high of $67,000 and hinges on the possibility of approval of a Bitcoin exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC) in the first quarter of 2024.
DEJA VU #bitcoin $btcTimescale Fibonacci helps you not only map by and see levels on the y axis, but also on the x-axis. Time cannot be ignored.
The similarities so far are uncanny. 0.382 fib was the approximate top, previous cycle and this.
This cycle BTC topped first on the 0.25 fib. Then the final higher-high of ~69,000$ on the 0.382 ..
Bitcoin also bottomed out around the 0.618 level..
The price action is rather similar to the previous cycle..
Breakdown, to accumulation, to fast fomo rally, into an ascending channel (not a flag), before another push higer, aka, the "echo bubble"...,
🚀 **IOTA/USDT - Long Position!** 📈🚀 **IOTA/USDT - Long Position!** 📈
Here's your step-by-step guide to this exciting trading opportunity:
🎯 **Entry Points**:
- Step 1: Secure your entry at 0.1412.
- Step 2: If the trend is in your favor, consider entering at 0.1445.
- Step 3: Further opportunities at 0.1469.
- Step 4: The ultimate target is 0.1522 - the sky's the limit! 🚀
🛡️ **Safety First**: To ensure your financial safety, set a stop loss at 0.1371. This acts as a safety net in case the market takes an unexpected turn.
🚁 **Prepare for Liftoff**: Now, it's time to go long on IOTA/USDT. As you progress through the entry points and your position starts to gain momentum, keep your sights on those targets. With patience and strategy, we're ready to soar together into the world of profit. 🌠🚁
Happy trading, and may your journey be a prosperous one! 📊💰
Bitcoin S&RSupport & Resistance :
- When the two prices meet, consolidation between support and resistance.
- Called support and resistance reversal happens.
- A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed.
- If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support.
- So you got the idea, trading is magic.
- Always keep in mind all scenarios.
- Sometimes just watch and don't gamble!
Happy Tr4Ding !
BTCUSD MID-WEEK ANALYSIS UPDATE 08/10/2023📈 BTC/USD: Short-term Drop with Upside Potential 📉
Recent USD weakness fueled a rise in BTC 🚀. Now, with the Dollar initiating a pullback, I anticipate a short-term drop in BTC/USD. After that, I'm looking for a continuation to target the $31,500 level. Here's what to keep in mind:
- USD Influence: Recent Dollar weakness played a role in BTC's ascent 📉.
- Short-term Drop: Expect a temporary pullback in BTC as the Dollar regains strength 📉.
- Upside Target: The goal is to target $31,500 as the next potential move upward 🚀.
- Risk Management: Set clear stop-loss and take-profit levels to protect your capital ⚖️.
- Technical Analysis: Use technical indicators, like moving averages or RSI, to time your entry and confirm trends 📊.
- Stay Informed: Keep an eye on news and events that could impact both BTC and the USD 🌐.
Remember, this analysis is not financial advice, and all trading carries risks 🚨. Make sure to do your own research and tailor your strategy to your risk tolerance. Good luck with your trading journey! 🍀📈💹
Bitcoin's Projected PathTraders,
Bought more BTC here. TBH, this just looks like another bull flag. I can see us hitting our heads on the 30k again where I may sell some but eventually that resistance will break. And I think sooner than later. Then we'll have to tackle that 31.6k level. If we can break above that, my prediction from Jan-Feb still stands - 37k by then end of the year.
Best,
Stew
BTC - BITCOIN LEGACY - the big dogBTC - BITCOIN LEGACY - the big dog
took a look at this beast on the monthly; going to keep an eye on this one as we go forward as a zoom out reference.
its all there on the chart, two obvious comparison periods. now check the momentum levels. tbf we have macro disasters left right and center, so these levels make sense.
maybe a good long term map here;
im thinkin if it continues to break down here it'll prob go lower than people think.. if it holds this price level approx then keep accumulating those hot alts from the bull, they'll prob bounce harder.
gl
Long trade #14 for Bitcoin BTC price. FOMC Fed rate todayWe have found a very interesting fractal movement of the BTCUSDT price, which now has a chance to repeat itself at least partially.
So, we'll try to take a long position.
Entry = buy zone $26456-26681 with a potential average price of $26569
Stop = $25764 (-3%)
TP = $29180 (+9.8%)
P/L ratio = 3.25
We allocate $10,000 for this trade
In the event of a mistake, we will lose $300
If the trade will be a success, we will receive a profit of $980
We also remind you that today, 20.09, is the announcement of the new Fed rate. Currently, the market expects the rate to remain unchanged at 5.50%.
Therefore, we assume that there will be increased market volatility at 18:00-20:00 UTC, during Powell's speech.
We plan to enter the trade on this volatility.
We also have a few of our old ideas that "subtly hint" that growth is still possible in the coming weeks:
Idea from 03/03/2023 "Inverted Head and Shoulders"
The BTCUSDT price has tested the base twice. It's time for the BTC price to grow, the minimum target for this pattern is $40-41k.
Idea from 04/28/2023 The BTCUSDT price has been skillfully moving with the green fractal for over six months. If it continues like this, then by the new year, $50-51k is real.
Idea from 11/18/2022. The total capitalization of the crypto market. Almost a year ago, the crypto market bottomed out. Since then, the total capitalization has grown by +25-30%, which is not much, to be honest. But if the fractal movement continues, we can see +60-70% in the total capitalization of the crypto market by the end of the year.
What do you think about this trade, and what is your vision? Write about it in the comments!
BTC Bears Back in Control - An Opportunity to ShortI am reaching out to share a concerning development in the cryptocurrency market that has caught my attention, specifically regarding Bitcoin (BTC). As fellow traders who understand the volatility of this market, I believe it is crucial to stay informed and seize opportunities that arise.
In recent days, BTC has shown signs of regaining control after a period of uncertainty. This resurgence brings both excitement and a sense of caution. While BTC's ascent may seem promising, it is important to approach it with a discerning eye.
Considering the current market conditions, I would like to draw your attention to a potential opportunity: shorting BTC. By shorting, we can take advantage of the market's volatility and potentially profit from a potential decline in BTC's value. This strategy can be particularly beneficial during periods of uncertainty, such as the one we are currently experiencing.
I encourage you to carefully analyze the market trends, conduct thorough research, and consult with your trusted sources before making any trading decisions. Shorting BTC can be a complex strategy, so it is crucial to approach it with caution and ensure you are well-informed.
If you find this opportunity aligns with your trading goals and risk appetite, I suggest considering a short position on BTC. However, please remember that trading involves risks, and it is essential to make informed decisions based on your own analysis and risk management strategies.
Let's stay connected and share our insights and experiences as we navigate through these dynamic market conditions. Feel free to comment below if you have any questions or if you'd like to discuss further.
BTC's Death Cross: An Opportunity to Consider ShortingAs many of you may already be aware, BTC has been experiencing a rather tumultuous period lately, with its price exhibiting a concerning trend. In the coming weeks, we are likely to witness a technical phenomenon known as the "Death Cross." This occurs when the 100-day moving average crosses below the 200-day moving average, indicating a potential bearish market sentiment.
While past performance is not always indicative of future outcomes, it is essential to recognize that historically, the Death Cross has been associated with significant price downturns. In October, particularly, this pattern has ruined chances for profit in the past. Therefore, it is crucial to approach the current market conditions with a level-headed perspective.
Considering the potential implications of the Death Cross, I encourage you to explore the possibility of shorting BTC. Shorting allows you to profit from a falling market by borrowing BTC, selling it at the current price, and repurchasing it at a lower price to return to the lender. However, it is important to note that shorting involves its own set of risks, including the potential for substantial losses if the market moves against your position.
While this idea aims to provide you with valuable insights, it is essential to conduct thorough research and analysis before making any trading decisions. Always consider your risk tolerance, financial situation, and consult with a qualified financial advisor if necessary.
In conclusion, the Death Cross looming over BTC presents an opportunity worth considering, but it should be approached cautiously. As traders, it is our responsibility to make informed decisions based on careful analysis and risk management.
If you are interested in exploring shorting opportunities in BTC, I encourage you to conduct further research and analysis. Keep a close eye on the market trends and seek guidance from trusted sources. Remember to approach your trading decisions with a well-thought-out strategy and risk management plan.
CRUCIAL MONTH FOR BTC TRIANGLEA monumental move could happen at any time in these upcoming weeks. In this weekly chart of BITSTAMP:BTCUSD , the historic triangle or the apex dating back from 2013 is nearing an end. This upcoming month should be a decisive point for the coin, and we should be mindful of it.
From a technical analysis perspective, the triangle consists of a nearly two-year-old resistance and a decade-long support line. Recently, we saw the Bitcoin price stabilization between the 26 to 28k range because of that very strong trendline.
Within the apex from approximately the 1st to 2nd week of November, we should expect outcomes by looking at it in the big picture. We're nearing the end of it, and let's keep in mind, it's a matter of time and patience.
I'm considering bullishness considering the historical monthly return data, the -ber month of October to December is great for Bitcoin, so I'll keep it as that. It is an exciting time for us traders because it's a long time coming for many, and we expect a massive price movement.
What would be the next move? Since I'm bull-biased for upcoming weeks, I will wait for the breakout of the triangle, and then the $29,000 resistance line before entering a possible position entry. If a breakdown happens, short upon confirmation and possibly take profit using fib line areas.
I would like to know your opinion since you reached the end, which trendline should break? The young or the old? Let me know in the comments below. As always, plan your trades as this is a potential long-term movement moving forward, happy trading and in advance, happy holidays :)
SHIB, ARE WE IN FOR A PUMP?📈 Analysis: After nearly a month of consolidation, SHIB seems ready to rejoin the cryptocurrency market action.
Accumulation and Support: During this period, SHIB held strong support levels within the range of 0.00000710 to 0.00000705, clearly marked in the highlighted box.
🚀 Bullish Signals: On the daily chart, SHIB shows signs of breaking out of this accumulation zone, backed by a 12-hour bullish price action. Our primary focus remains on the daily chart.
Key Indicators: To validate a bullish scenario, we require a shift in market sentiment, a flip of the blue zone on the daily chart, strong bullish volume, and possibly some bullish news.
💹 The Potential Upside: If these conditions align, we may witness a significant pump, targeting the next zone of interest at 0.00000100, offering a potential 30% upside. This level correlates with a longer-term trend line, easily visible on the 3D chart.
Confirmation: For confirmation of this educational idea, watch for a break above this level followed by a retest.
Disclaimer: This analysis serves as guidance and not definitive instructions. Conduct thorough research and consult with a financial advisor before making any investment decisions.
Is there any coincidence? #bitcoin #btcThis chart tells you all.. In this channel #btc price rejected 2 times and now is the 3rd.
Breaking this channel upside with weekly closing is the invalidation.
However, more declination will bring #bitcoin to the targets I highlighted.
NOT FINANCIAL ADVICE.
4-Hour Bitcoin Trading: Fibonacci Moving Average (FMA) Strategy Hey there, Bitcoin enthusiasts! Today, I want to share with you about a popular trading strategy that I use everyday, with Fibonacci Moving Average (FMA) numbers. I'll zoom in on the 4-hour chart to get a closer look at how it works. This strategy can provide some valuable insights into what's happening in the market, and I'll break it down step by step.
EMA 144 Crossing EMA 233 After a Bearish Engulfing Candle: So, first things first, when we see the EMA 144 crossing below the EMA 233 right after a bearish engulfing candle, it's like a red flag waving at us. This suggests that the selling pressure is building up, and it might be a sign that prices are about to drop.
Breaking the EMA 610 Support (Since Jan 2023): Next, we've got the EMA 610. This line has been a strong support level since January 2023. When the price breaks below it, it's like breaking through a safety net. It tells us that market sentiment is changing, and we might be entering a bearish trend.
Retests and Rejections: After that, we see a series of retests of different EMAs – the EMA 610, EMA 233, and EMA 144. And guess what? Each time, there's a big rejection. These rejections are pretty significant:
EMA 610 Rejection: The first time we try to get back above the EMA 610, it says, "Nope!" This reinforces the idea that this line is now acting as resistance, not support.
Second EMA 610 Rejection: We give it another shot, but no luck. The EMA 610 is still saying, "I'm not letting you through." It's like a stubborn gatekeeper.
Sideways Movement: Then, we see some sideways action. Prices are stuck between the EMA 144 and EMA 233. It's like a tug-of-war between buyers and sellers. Nobody's sure where things are headed.
Drop to Test Support: Eventually, we take a plunge to test lower support levels. This is in line with the bearish outlook, indicating that we're exploring lower price ranges.
Pullback and EMA 233 Retest with Huge Rejection: Finally, there's a pullback, and we give the EMA 233 a shot. But it slams the door in our face with a big rejection. This tells us that the bears are still firmly in control.
Now, why do we see these rejections? Well, it's partly because of human psychology. Traders who missed the initial breakdown of these EMAs see these retests as a second chance to sell. Plus, big players like institutions and algorithmic traders often pay close attention to these levels, making them even more important. It's like a self-fulfilling prophecy – everyone expects a rejection, so it happens.
In a nutshell, the Bitcoin Fibonacci Moving Average (FMA) strategy on the 4-hour chart is a valuable tool for navigating the crypto market. By analyzing things like EMA crossovers, support breaks, retests, and rejections, you can get a solid grasp of what's going on and make smarter trading decisions. Those rejections at key EMAs remind us that technical analysis and human behavior play a big role in crypto trading – it's not just about numbers and charts!
My noisy chart. Yes, I trade these.I make these for myself and I am sharing this as-is to show how you can use alignment, geometry, price/time to capture price action with trends and pivots from intersections. I know how to read it because I built it but I hope this is proves valid confluence for others. The simple way to look at it is to follow the price , and see if it respects the trends or fails/rejects them. Pivots are marked with vertical lines and most are colored to correspond with what should be continuation/momentum. These colored areas will be great data regardless as you will be able to at minimum be able to use them as divergence (mark the price/time with a crossline) if the price does not react (change direction) that may also be data worth having because these pivots/zones are 100% meaningful. Horizontal lines can be added at all MAJOR intersections for simple price levels. You can add Fib tools and Gann fans to and from corners and intersections to build your own chart. This will also allow you to extend the chart past the current drawing limits as these trends will work for at least a few more months.
COINBASE:BTCUSD
BINANCE:BTCUSDT
INDEX:BTCUSD
Short term N
Long Look I am always long on BTC big picture.