Get started

Bitcoinusd

$ZEN Performed Bullish peanutLSE:ZEN Performed Bullish peanut What Is a Pennant? In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole. Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis. It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume. Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation.
Long
by Crypto-Adda_Official
BTC FAKEOUT As Grayscale Wins SECBuy the rumor, sell the news... Hi Traders, Investors and Speculators of Charts📈📉 Grayscale Investments, the world's largest digital asset manager, sued the U.S. Securities and Exchange Commission (SEC) in July 2022 after the SEC rejected its application to convert its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded fund (ETF). Grayscale argued that the SEC's decision was arbitrary and capricious, and that it violated the Administrative Procedure Act. The SEC had previously approved bitcoin futures ETFs, which track agreements to buy or sell bitcoin at a pre-agreed price, but had rejected spot bitcoin ETFs, which track the actual price of bitcoin. On August 29, 2023, the U.S. Court of Appeals for the Second Circuit ruled in favor of Grayscale, saying that the SEC had failed to adequately explain its decision to reject the application. The court said that the SEC had not shown that there was a "material difference" between spot bitcoin ETFs and bitcoin futures ETFs, and that the SEC's concerns about fraud and manipulation were "speculative." The court's decision is a major victory for Grayscale and the broader cryptocurrency industry. It could pave the way for the approval of the first spot bitcoin ETF in the United States, which would be a major milestone for the industry. Unsurprisingly, the price of BTC reacted to the news. But when we consider technical analysis, it seems more like a fakeout / bulltrap. 👉 Perfect rejection at 200d Moving Averages 👉 The price was already oversold on the RSI, upside was to be expected regardless 👉 "Event" price action is usually bad price action (remember how the price of XRP jumped after SEC victory ruling just to fall all the way back down again) For now, the best course of action seems to be observing from the sideline and look for other trading opportunities with better risk/reward setups across the altcoin market. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:BTCUSD BITSTAMP:BTCUSD BINANCE:BTCUSDT
by CryptoCheck-
27
BTC Bullish - HTF Ascending ChannelCRYPTOCAP:BTC IMO, most likely scenario for #BTC Am not seeing this discussed by anyone I follow, but we are in a HTF (5+ years) Ascending Channel. Target ~$250k in 2024-2025. In the end, it will all look so obvious. Don't get distracted by the LTF's. Eyes on the Prize. #Bitcoin Check out bitcoin's price history, it loves bouncing in HTF ascending channels. One that particularly comes to mind is the 2014-2017 channel (when it broke out to the upside en route to $20k). Bitcoin is a fascinating price chart, will never see anything like it in my lifetime. Just sit back and enjoy the show. -@CryptoCurb
BNC:BLXLong
by CryptoCurb
Warning to Those Bullish on Bitcoin's AscentI have previously shared numerous ideas explaining my perspective on the BTC daily timeframe, making it evident why I adopted a bearish stance on BTC. Today, as BTC reached $25,400, a crucial question arises: what is the appropriate course of action and what lies ahead in terms of price movements? To answer this, let's pick up where I left off in my last analysis. I can assure my fellow traders that fixed range and anchored volume profiles are potent tools for those who possess the knowledge to leverage them effectively. As illustrated in the chart above, I have established three fixed range volume profiles and one anchored profile, enabling me to construct a comprehensive roadmap and trading strategy for the near future. Bearish Scenario: In my previous prediction, I anticipated BTC to reach a target of $26,400, which materialized today. I foresee BTC retracing to the broken uptrend line around $28,000 before resuming its downward trajectory towards $23,000. There's even a possibility of further decline to the substantial volume zone of $16,500 to $17,500. You can validate this using the anchored volume profile tool by modifying the start dates to November 10th and January 10th. If such a scenario unfolds, I anticipate the formation of a double bottom pattern with potential implications for the long term. Bullish Scenario: BTC initiated an uptrend characterized by three cycles and four distinct price zones: $16,500, $23,000, $28,000, and $30,000. These zones exhibit a specific price spacing as follows: Difference between $23,000 and $16,500: $6,500 Difference between $28,000 and $23,000: $5,000 (5/6.5 ≈ 77%) Difference between $30,000 and $28,000: $2,000 (2/5 ≈ 40%) Have you noticed the pattern? It resembles a sine wave, and it appears that we've reached its peak. If BTC were to surge once more to $32,000, it would signal a potential selling point (resembling a triple top pattern). However, a strong weekly bar breaking through the $32,000 mark would prompt me to reconsider my analysis.
INDEX:BTCUSDShort
by Eymen-GUVEN
XAUUSD(GOLD): More Fall?! Well, as you can see the price penetrates below 1893 yesterday. Now I am still bearish on the Gold chart and I expect the price to fall more to fill FVG. We have two different scenarios: The first scenario is the price starting the downward movement from 1902- 1906. The second scenario is the price starting a downward movement from 1910-1920. For these bearish scenarios, we can define 1880 and 1870 as TP. 💡Wait for the update! 🗓️17/08/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
OANDA:XAUUSDShort
by VahidTradingCR
1
Bitcoin has too much liquidity aboveHello, Community! In today's anlysis we enhance the Elliott waves approach for CRYPTOCAP:BTC with the liquidity analysis to understand the likely move. Let's take a look at the 4h time frame BTCUSDT price chart. Here we can see that price has likely finished it's corrective wave 4 which was represented as the ABC zigzag. Wave B was the triangle correction. Moreover, at the very bottom Bitcoin has formed bullish reversal bar. Even if correction has not been finished we have only two local liquidity pool below, which are market with the red circles. At the same time we have a lot of liquidity above which can be easy collected and it's the magnet for the market maker. 5 circles can be collected too easy. After that we have imbalance at the $31k. Here is nothing changed, we assume that price should fill this imbalance at least before dump. But we can also see another one green circle at the top. It wouls be too easy to liquidate all short traders and set the new higher high. Moreover wave 5 is anticipated. Of course, it can be shortened, but in case of normal wave 5 $32500 is gonna be the nice target for this local bull run and the potential reversal. Best regards, Skyrex team __________________________________________________________ 🔥Please, follow us and smash the rocket🚀 button to support us🔥
Long
by Skyrexio
3
TheKing Still Bullish- Despite the silvergate mini Fud, BTC still on his consolidation trend. - this Fud just caused a faster mini retracement but it would have happened anyway. - Next Fud could concern Stables Coins, They are trying hard, no smoke, no fire. - Whatever, at one point BTC will go his natural way. up! ----------------------------------------------------------------------------------------------------------------- - For now look at the Graph : -- BTC still evolving and bouncing on Tenkansen (Yellow Line) -- Senkou Span is making a flat line around 32k ( Violin Line) -- can notice a first support around 21.3K (Tenkan) ( Fibo 38.2% Retracement ) -- can notice a second support around 19.2K (trend) ( Fibo 61.8% Retracement ) (CME GAP 20.9k -19.9k) ----------------------------------------------------------------------------------------------------------------- - imo not a time for trading for a long term investor, just watch. - if you are a Scalper, that's fine, just use a tight SL. - Any Fuds coming and any lower prices are fire buy at the good zones. - i will comment this post with some older analysis so you will get the scheme more clearly. Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
17
BAKE BUY H1Hello! To long this cryptocurrency, it's better to identify a suitable range that has the value of taking the risk. You have identified two patterns for going long on this asset, and you give a higher probability of going long in the first base. Without having any additional information about this asset and the identified patterns, I cannot provide an opinion on the level of risk and profitability of these decisions. However, considering technical analysis and identifying suitable ranges, you can make a decision to long this asset. Wishing you success and profitability.
Long
by jawad369
AUCTION/USDT- Hit All Targets with 321% Massive profitsDear Traders, We are excited to share some remarkable news regarding Binance Spot's latest auction results. The recent trading activities have delivered substantial gains, hitting all targets with an impressive 321% profit margin. While we understand the significance of such achievements, we aim to provide you with an unbiased and informative update. At Binance Spot, we strive to offer a transparent and secure trading environment, empowering traders to make well-informed decisions based on factual data. Our team of experts continuously monitors the market to identify potential opportunities, and the recent auction is a testament to their dedication. Please note that while past performance can indicate the capabilities of our trading platform, it does not guarantee future results. Markets can be highly volatile and unpredictable, and traders must exercise caution and conduct their due diligence. As always, we encourage responsible trading practices, setting realistic financial goals, and diversifying your investments. Remember to stay updated with market trends, utilize risk management tools, and seek professional advice when needed. We remain committed to supporting your trading journey and providing a platform that prioritizes your security and success. If you have any questions or require assistance, our customer support team is available 24/7. Happy trading!
Long
by SafeCryptoSignals
2
Bitcoin BTC price is waiting for a "fresh" Fed Funds rate todayToday is an important day for the financial markets, in 10 hours (18:00 UTC) the Fed will announce a new rate. 98% of respondents expect a +0.25% rate hike from 5.25 to 5.50. More interestingly, it is predicted that this will be the last rate hike in 2023, and at the end of the year, they may even cut the rate a little. We won't go into the macroeconomics, but usually, when the rate is raised, the financial markets react by falling. That is, the financial markets have the following expectations: +0.25% (projected hike) = controlled market decline +0.50% = a strong decline in the markets. But we also need to look at the flip side of the coin. What if the projected +0.25% rate hike is already "priced in" to the current price? After all, the markets have been correcting for several days. Then, with the announcement of the 5.50 rate, there will be increased volatility in the markets, but the "market players" will say: oh, great, everything happened as expected, the correction has taken place, and now we can grow. Or, in an unlikely scenario, Mr. Powell will want to outplay everyone and say: "CPI is at 3%, which is almost 2%, which we have been pushing the economy to for more than a year, so we decided not to raise the rate anymore!" This will simply blow the markets up. Now let's take a look at the BTCUSDT chart On July 24, sellers managed to push the BTC price below the support of the 32-day consolidation in the range of $29500-31500. It would seem that the first thoughts are: everything is lost, trouble, the sellers have won, you need to sell everything... But take a closer look, do you see the increased trading volumes at the breakout of $29500? The massive triggering of long stop orders should have accelerated the fall, and there would have been forced liquidation of positions. But we didn't see anything like that. Could this be a bear trap? Today we will get answers to most of our questions: - If buyers fail to gain a foothold BTCUSDT price above $29700, then the red scenario with targets of $28100 and possibly $27300 will be finally confirmed and activated. We also want to note that we probably shouldn't expect a BTC price of $20-15-10-7 thousand or whatever guru-influencers-traders predict, because the cost of mining 1BTC is now $20-23 thousand. And then there is also a halving in 9 months, which will increase this cost at least twice. - If buyers manage to gain a foothold BTCUSD price above $29700, then the blue scenario with a target of $34200 will become completely real. Now, read the first half of the idea again. And I would like to conclude with a well-known trader's phrase: "Buy the Rumor, Sell the Fact". _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
52
BTCUSD Could Drop By -4.17% Soon!!!From my analysis on bitcoin, we could be seeing a possible drop in the price of BTCUSD by -4.17% and beyond. From my analysis , we could see this turn over of price from 29377.4 zone as sellers will most likely accumulate volume at that price point before the go short and in turn we could see a -4.17% drop if the previous drop is measured correctly. As an additional note, we can also notice that the heavy accumulation zone around 29600 has been broken, another indication of price on BTCUSD been short for the next days.
FOREXCOM:BTCUSDShort
by jarzzyfx
1
BitcoinUSD longGrayscale Writes To US Court Over SEC’s Unequal Treatment Of Bitcoin ETFs Grayscale Investments has called out the SEC for approving Bitcoin futures ETFs over spot Bitcoin ETFs The DCG subsidiary recently penned a letter to a Columbia court to highlight the SEC’s unequal treatment of BTC-based ETFs.  Grayscale’s letter came more than a year after it sued the SEC for denying its spot BTC ETF application.  The SEC has since rejected several other spot Bitcoin ETF applications filed by BlackRock, Fidelity, etc.  Grayscale Investments, the asset management giant behind the world’s largest Bitcoin, has called out the U.S. Securities and Exchange Commission (SEC) for approving riskier Bitcoin futures ETFs and rejecting applications for the relatively safer spot Bitcoin ETFs. The Digital Currency Group (DCG) subsidiary penned a letter to the US Court of Appeals for the District of Columbia Circuit earlier today to express its frustration with the SEC’s recent conduct. 
CAPITALCOM:BTCUSDLong
by DaveBrascoFX
1
NVDIA 4HR- Pull back Very LikelySorry for the small screen, but this is pretty straightforward. Bearish Divergence on MACD (not shown cause screen size) along with price action showing slowed momentum when trying to push through the very local high ie. Double top. I would try to catch the bounce at the EMA and or anything within the 0.326-0.618 fib retrace area for all you swing traders out there. Simple, predictable price action. You shall respect the TA, while the weak fall down the wayside. -b
NASDAQ:NVDAShort
by BShellhammer
BCH/USDT will probably go out of the banner shock!BCH/USDT will probably go out of the banner shock! 🚀📈 Exciting News! 📉🚀 📉 BCH/USDT has recently experienced 5 consecutive days of slight decline, indicating the release of short selling momentum. But wait, there's more! 📈 The positive trend is pulling up, showing signs of a potential upward surge! 💹 💪 With the closest support around 225.04 (June 29, 2023 opening price), the outlook is promising for potential rebounds! 📊 🚩 Get ready for a flag-shaped oscillation pattern ahead, offering opportunities for both short-term traders and long-term investors! 📈🚩 🌟 Don't miss out on this golden opportunity! Stay tuned for potential profits as BCH/USDT prepares for exciting price movements! #BCH #USDT #ForexTrading
by Think_More