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Bitcoinusd

Bitcoin Turns Down For Deeper Correction. Strong Support At 40k.Stocks are coming down at the start of January as some portfolio adjustments and profit-taking occurs at the start of a new year to avoid 2023 tax year. We can also see some dollar rally, but normally these flows at the start of the year are temporary and can be reversed later this month when flows will normalize. We also have a FED minutes today, but US PMI and NFP much more important this week I think. Looking at bitcoin, its coming sharply down on speculation that SEC will reject ETF. Some nice support is at 40k.
BITSTAMP:BTCUSD
by ew-forecast
Bitcoin 4H Long TradeBitcoin about to retest a strong 4H support zone that will send the price higher to test again the levels around the next Ressistance and possibly breaking out higher. The Trade Idea has 1 to 2 Risk Reward which is the gold standard in trading but sometimes it is better to take profits when you can and that is possibly around the area where the trade will reach 1:1 RR as there is another minor ressistance it will be a good opportunity to take partial profits. Check my other Forex ideas in my profile and follow for more trade alerts. COINBASE:BTCUSD BINANCE:BTCUSD BITSTAMP:BTCUSD
PEPPERSTONE:BTCUSDLong
by Elite_Forex
Bitcoin on december and next year 2024Hello traders, i have very freaky ideas about bitcoinas follow: If bitcoin can not exceed 40000$ for next few weeks we will see a big dump to 10000$. Im writing this to think and consider probability about unthinkable cases that any trader may face just be ready for everythings. Big short Sl:40000 Tp for long term: 10000 Period of time that this analysis stand: 6 weeks most after that if it can not break 40000 or fall bellow 31000 it s going range for long time. Be profitable.
BINANCE:BTCUSDShort
by hossein198
5
BILLIONAIRE TIM DRAPER PREDICTS BITCOIN PRICE TO REACH $250,000 BILLIONAIRE TIM DRAPER PREDICTS BITCOIN PRICE TO REACH $250,000 IN 2024 Billionaire Tim Draper predicts Bitcoin will hit $250,000 in 2024, thanks to potential US ETF approval. Draper sees an even higher potential for Bitcoin with smart contracts and a friendlier US attitude. The US awaits a Bitcoin ETF, making crypto more accessible to traditional investors. Renowned billionaire venture capitalist Tim Draper has made a bold prediction regarding the price of Bitcoin (BTC) in 2024. Draper anticipates that the leading cryptocurrency will surge to an impressive $250,000 within the next few years, citing factors that could drive its value to new heights. Draper’s optimistic forecast for Bitcoin In a recent conversation, Tim Draper expressed his bullish outlook on Bitcoin’s future. He forecasted a price of $250,000 for BTC by 2024 and hinted that this milestone could be achieved sooner than expected. Draper’s optimism is grounded in several key factors, including the potential approval of a Spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). Draper’s prediction is not the first of its kind, as many industry experts and analysts have also been speculating about Bitcoin’s remarkable potential in the coming year. The anticipation surrounding the SEC’s possible approval of a Spot Bitcoin ETF has fueled these expectations, with many eyeing early 2024 as a potential timeframe for its introduction. Discussing his earlier Bitcoin forecast, Draper recalled how he had predicted a price of $250,000 for the cryptocurrency when it was trading at just $4,000.
BITSTAMP:BTCUSD
by henryartem
1
BITCOIN ASO- ASO means " Average Sentiment Oscillator ". - This indicator can be used on Cryptos, Stocks, Forex. - it's better to use it on a large TF to take out the noise. - The deal with ASO is : it's very simple... - The trend is up when the blue ASO oscillator line crosses the red line upward. - The trend is down when the red ASO oscillator line crosses the blue line upward. - There's a period of time for the bears. - There's a period of time for the bulls. - Now the bulls are coming, just a matter of time. Happy Tr4Ding !
BNC:BLXLong
by thecryer
5
Bitcoin correction My analysis indicates that Bitcoin has recently completed the fifth and final wave of its impulse phase. This phase is typically marked by a strong upward trend, driven by a surge in investor optimism and market euphoria. However, this is not just a peak in price; it also signals an impending shift in market dynamics. We are currently observing Bitcoin's transition into its corrective phase, traditionally denoted as the ABC pattern. This phase is critical as it represents a period of market adjustment and rebalancing after the rapid escalation seen in the impulse phase. Our findings suggest that Bitcoin has completed Wave B of this corrective phase. Wave B is often characterized by a deceptive recovery or stabilization in price, leading some investors to prematurely anticipate a resumption of the upward trend. However, our projection indicates that we are on the cusp of entering Wave C, which is expected to bring a further decline in Bitcoin's value, potentially reaching a target of around $37,050. The anticipated decline in Wave C could offer a more favorable entry point for new investments. However, it is crucial to exercise caution. Elliott Wave projections, while insightful, are not infallible and should be considered as part of a broader, diversified investment strategy. It is essential to remain vigilant and adaptable, considering the inherent volatility and unpredictability of the cryptocurrency market.
BITSTAMP:BTCUSDShort
by ewhite41
3
Bitcoin Seeks New Direction Amid December ConsolidationInvestors have paid higher prices over time to buy Bitcoin and the currency is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 3$2309. The objective at $40282 is now met, but the formation still gives a signal in the same direction. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the currency has support at approximately $31200 points. The currency is overall assessed as technically positive for the medium long term.
Long
by DEXWireNews
1
DGB It is trying to break the resistance 0.0090-0.0092It is trying to break the resistance 0.0090-0.0092. If it is able to break it, it will have a wonderful rise, God willing ✅ ✅ Trading around weekly resistance flips involves identifying key levels on a price chart where the market has historically shown a tendency to reverse. Here are some steps to guide you through this process: 1. **Identify Weekly Resistance Levels:** - Look at a weekly price chart to identify significant resistance levels where the price has historically struggled to go higher. - These levels are typically points where the price reversed in the past or where it has shown a strong reaction. 2. **Confirmation:** - Once you identify a potential resistance flip level, look for confirmation from other technical indicators or tools such as trendlines, moving averages, or chart patterns. 3. **Monitor Price Action:** - Pay close attention to how the price behaves as it approaches the resistance level. Look for signs of price rejection, bearish candlestick patterns, or decreasing bullish momentum. 4. **Wait for a Reversal Signal:** - Wait for a clear reversal signal before taking any action. This could be a bearish engulfing pattern, a shooting star candlestick, or a strong bearish candlestick that closes below the resistance level. 5. **Risk Management:** - Set a stop-loss order to manage your risk. Place it above the resistance level to protect your position in case the price breaks through. 6. **Target Profits:** - Identify a target level for taking profits. This could be a nearby support level, the next significant support area, or a predetermined profit target based on your risk-reward ratio. 7. **Consider Fundamental Factors:** - Take into account any relevant fundamental factors that might impact the market. Economic reports, news events, and other factors can influence price movements. 8. **Practice Patience:** - Be patient and disciplined in your approach. Not every potential resistance flip will result in a profitable trade. Avoid impulsive decisions and stick to your trading plan. 9. **Risk-Reward Ratio:** - Ensure that your potential reward justifies the risk you are taking. A favorable risk-reward ratio is essential for long-term trading success. 10. **Keep an Eye on Market Sentiment:** - Monitor market sentiment through tools like the Commitments of Traders (COT) report or sentiment indicators. This can provide additional insight into the likelihood of a reversal. Remember that trading always involves risks, and past performance is not indicative of future results. It's essential to continually educate yourself, use proper risk management, and consider seeking advice from experienced traders or financial professionals.
DLong
by Crypto-Adda_Official
BITCOIN: A REJECTION OR A BREAKOUT?Hello traders, BTC failed to break above the $44k once again. Does it mean there's no hope for a breakout? Well, to answer that let us dive deeper into this analysis. - The $44k has become a strong sentiment for BTC; somehow, it fails to break and close above this resistance again. - If a rejection is repeated then $40.5k to $40.8k will once again be a strong support but before reaching that low, BTC will be holding another support between FWB:42K to $43k. - Talking about the breakout, BTC has a lot more to offer in this bull run. It doesn't matter if BTC gets rejected again, I would consider it as a good opportunity to accumulate more. Do you remember when $30k was a strong sentiment for BTC, we all expected a breakout above the $30k resistance. The same thing with $44k, sooner or later we will see a breakout. That's it for now. I hope you find this post helpful. Christmas Eve is 4 days away, so have a great time with your friends and family. Don't take a lot of trading stress. Together we will make it big. Regards, Team Dexter.
BINANCE:BTCUSD
by Dexter_The_Trader
Why are you sitting on your hands?There are numerous indicators screaming buy for the last 4 months. we are in the best buy zone of our time RIGHT NOW!!. The evidence is over whelming that the bottom is in!!! Why are you waiting? Why are you listening to the news? is it different this time? Not really. In previous history by the time the lower BLUE band flashed the CM ADX the bear market was ending . so lowered prices preceded the blue. This time was different... what?? yes it was. the BLUE flashed and then the price followed, however the stochastics are CM MACD is about to cross up and this is a bullish indicator. One other trend is this blue buy zone is getting smaller every time it happens. The bear market looks like it will be ending by March/April of 2023. Thanks for looking comments and questions down below.
BNC:BLXLong
by WeAreSat0shi