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Bitcoin Update: Possible ScenariosBitcoin has been in consolidation mode for about 6 months, and now it's almost time to make a decisive move. Considering the market structure, including the highs and lows, I expect BTC to make another low before heading towards a new ATH. We have two important main support levels at $44K and $37K, where the price could bounce back in case of a market crash in the upcoming month. I find the scenario of support at $37K more probable than the other two scenarios: a bounce back from the $44K level or in a bullish scenario, breaking the last high at $70K to make new highs towards $100K DYOR
by farhadnmd
Bitcoin BTC price can repeat the growth fractal from 2020-21?The fall of stock markets and the crypto market on 📉"Red Monday" 05.08 was called the most painful since the beginning of the Covid-19 period in March 2020. Who we are to argue with "analysts and giants of financial thought"?) We have copied the fractal of OKX:BTCUSDT price behavior since March 2020 and applied it to the current situation. 😱 And it's a "magic", at now everything is very well relevant Then we "seasoned" the chart with the marks when the Fed rate could be cut, namely: 18.09, 08.11, and 18.12. and added a "little" fibo levels that can work well in the future, because they worked well in the past. And here's what we're getting: 1️⃣ for the next week, the price of #BTCUSD shouldn't fall below $52,000 2️⃣ growth acceleration after the first Fed rate cut. 3️⃣ 2025 should be greeted with the price of CRYPTOCAP:BTC around $77000 4️⃣ and by the end of 2025, it would be nice to see $154000 for CRYPTOCAP:BTC Write comments under the idea and put 🚀 to subscribe, and watching how it will work out. And the more reactions will be under this idea, the more interesting idea updates we will make ;)
by P_S_trade
10
BTC (Bitcoin): Approaching ResistanceTrade setup : Break below 200-day MA (~$61.5K) threatens the uptrend and price has made a Lower Low during the current downswing, which is also a negative sign. Price has bounced off from oversold levels (RSI < 30) and reached a stiff resistance zone of $60K - $62K (200-day MA). Price needs to regain the 200-day moving average (~$62K) to signal resumption of uptrend, with upside potential to $72K thereafter. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $56.50, then $50.00.
Long
by altFINS
BTC more bias to short the pullback upHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. For BTC on higher timeframe it does looks like it is edging lower with Lower lows. h4 has a downwards pointing channel too.Unless it it broke up, if not likely more bias to short. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
ICMARKETS:BTCUSDShort
by Shadowing_The_Big_Boys
Bitcoin (BTC/USDT) Outlook ICT ConceptsBitcoin (BTC/USDT) Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on BTC/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: In the previous analysis, we noted that the market was likely to drive into liquidity levels such as Equal Highs (EQH) or Equal Lows (EQL) and then expand in the opposite direction. Additionally, Smart Money Technique (SMT) confluences were highlighted as key indicators for potential market moves. 📍Current Market Overview: The market has formed Equal Highs (EQH) acting as Buy-Side Liquidity (BSL) around the 61,000 level, with SMT at the lows providing bullish confluence until a key BSL is reached. The current price action suggests a potential for either a continuation higher or a reversal after sweeping these liquidity levels. 🔍 Identifying Key Levels: • Equal High (EQH) as BSL: Positioned around the 61,000 level. Markets are likely to drive into these levels before expanding in the opposite direction. • Sell-Side Liquidity (SSL): Located below current price action, this is a potential target after a liquidity sweep of BSL. • Previous Week High (PWH): An important level just above the current EQH, acting as a potential resistance. 📈 Bullish Scenario: • Sweep and Expansion: If the market sweeps the EQH and holds above, a continuation to higher levels, possibly towards the PWH, is likely. • Failure to Hold: If the market cannot sustain above the EQH after the sweep, it may indicate exhaustion, leading to a potential reversal. • SMT at Lows: Still providing bullish confluence, suggesting that the market might target higher BSL before reversing. 📉 Bearish Scenario: • Rejection at EQH: A strong rejection at the EQH or the PWH could signal a reversal, with a potential move towards the SSL below. • SMT at Highs: If the market reaches the EQH and SMT forms at the highs, it could be a bearish confluence, indicating a sell-off towards lower levels. • Targeting SSL: A break below key levels would likely result in the market targeting the SSL. 📝 Conclusion: The market is at a pivotal point near the EQH acting as BSL. Both bullish and bearish scenarios are plausible, depending on the reaction at these liquidity levels. The market's ability to hold above or reject these levels will dictate the next significant move. Close attention should be paid to any SMT confluences and liquidity sweeps for clearer directional cues. 🙏 Thank you for joining us! Exploring BTC/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
2
Inflation Pulls Back Again, Building Case for September Rate CutTakeaways Inflation cools again: Consumer prices in the US increased just 2.9% in July compared to the previous year, the slowest mark in three years, according to the US Department of Labor. Kamala Harris has overtaken Donald Trump in odds to win the US presidential election on Polymarket: Harris's campaign has reached out to the crypto industry, but it's unclear where she stands on regulating digital assets. Three Arrows Capital’s liquidators have filed a $1.3 billion lawsuit against Terraform Labs: The suit, stemming from losses during the 2022 Terra network collapse, alleges market manipulation by Terraform. Tether hit back at a $2.4 billion lawsuit from Celsius Network, deeming it unfounded and asserting its compliance with prior agreements: The dispute revolves around the liquidation of bitcoin assets to offset Celsius's debt. US spot ETH ETFs experienced $4.9 million in net inflows on Monday, ending a three-day streak of outflows: Grayscale’s ETHE logged zero flows, while VanEck’s ETHV was the only ETF to report negative flows. Grayscale has launched a new fund investing in MakerDAO’s governance token (MKR): The token saw a price increase following the announcement, with the fund structured as a closed-end product available to accredited investors. Inflation Pulls Back Again, Building Case for September Rate Cut The Consumer Price Index increased just 2.9% year-over-year in the US in July, giving the Federal Reserve ample reason to cut the benchmark federal funds rate at their next meeting in September. The Fed uses CPI, which excludes volatile food and fuel prices, as a key gauge to measure inflationary pressures on the economy. They have held rates at 5.3% since July 2023, the highest mark in roughly two decades. Cryptocurrency prices had a muted reaction to the positive report Wednesday, with bitcoin and ether staying relatively flat. Both are widely viewed as “risk assets” that perform better when interest rates are lower. But bitcoin has faced continued selling pressure from defunct exchange Mt. Gox distributing billions in repayments to creditors. On Wednesday, a wallet associated with the US government sent almost $600 million bitcoin previously seized from Silk Road to a Coinbase Prime wallet. Despite the recent volatility, bitcoin and ethereum have had a positive 2024 so far, rising 28.8% and 8.1% year-to-date, respectively. 🖼️ Topic of the Week: NFTs and the Art Industry: A Cryptoart Revolution ➡️ Read more here
GEMINI:BTCUSD
by Gemini
BTC Dominance📊 BTC Dominance: Key Dates Ahead 🚨 Bitcoin's dominance is approaching critical levels. We're watching for significant movements around October 7, 2024 and November 3, 2025. These dates could mark key turning points for BTC dominance, impacting the broader crypto market. If BTC dominance drops to around 40%, it could trigger a colossal altcoin season, presenting massive opportunities for altcoin investments. #Bitcoin #BTC #Crypto #BTCdominance #MarketAnalysis #AltSeason
CRYPTOCAP:BTC.DShort
by trushkovskiy
#BTCUSD/H4 BTCUSD opportunity to buy backBTCUSD analysis on 12/08/2024: BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity. The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200. Recommended orders: Plan 1: LONG BTCUSD zone 56300 - 56600 SL 56000 TP 57700 - 59000 - 60000. Plan 2: LONG BTCUSD zone 53000-53200 SL 49600 TP 55100 - 57700 - 60000.
FX:XAUUSD
by wetdyerap
2
$30K BTC before end of 2024 is Coming and How to survive the falIf you find this helpful, don't forget to follow and support us with a like. It’s clear that buyers are struggling, but the pattern of lower highs and lower lows is concerning if they intend to push for $100k before the end of 2024. It feels like sellers are playing a strategic game, and here's why I think market makers might be up to something. If you’ve been following my Bitcoin analysis, you’ll know that the GETTEX:48K support target was hit, with the next range likely being $43k to $38k. You can read more about this short target here: I previously called for a target drop from $74k to the $30k support, predicting bounces from strong support levels. Five months ago, when I first advised selling at $74k, many in this community called me foolish, accusing me of hating Bitcoin. But I’m a businesswoman focused on making profitable decisions, not getting emotional about any coin, Bitcoin included. I’ve stuck by my predictions, and I’ll continue to update you based on the MT Pandora's Box strategy. Stay tuned—this rejection at the $GETTEX:64K-$62k range is likely to push prices down to the $FWB:42K-$38k support.
BINANCE:BTCUSD.PShort
by MachiavelliTrader
NEO/USDT: Prime Buying Opportunity Amid Bullish Reversal SignalThe NEO/USDT pair is currently trading at 4.153, showing signs of a potential upward reversal after a recent downward correction. This retracement has brought the price to a critical support level, which is being closely watched by traders. The Relative Strength Index (RSI) has recently dipped into oversold territory, indicating that the selling pressure may be waning and a reversal could be imminent. Additionally, the Moving Average Convergence Divergence (MACD) is beginning to show a bullish crossover, which historically signals a shift in momentum from bearish to bullish. Moreover, the price action suggests that NEO has formed a bullish divergence, where the price is making lower lows while the RSI is making higher lows. This divergence is often a precursor to a strong upward move. The 50-day moving average is also flattening out, suggesting that the recent downtrend may be losing steam and that a base is being formed. Considering these technical indicators, the current level offers a strong buying opportunity for investors looking to capitalize on the potential medium-term upside. The combination of oversold conditions, bullish divergence, and a potential MACD crossover suggests that NEO could see significant gains from this point. With the price at 4.153, a well-timed entry could allow for substantial profits as the market reverses and begins to move higher. Therefore, this pullback should be viewed as a prime opportunity to buy, with the expectation of a strong rally in the coming weeks.
Long
by SafeCryptoSignals
6
Bitcoin Outlook ICT ConceptsBitcoin Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on BTC/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡Previous Analysis Review: The market experienced a significant sell-off, sweeping the previous month’s low and a Sell-Side Liquidity (SSL) level. Following this, the price expanded higher. 📍Current Market Overview: We can expect a retracement into the Daily FVG or a sweep of the SSL and EQL below, followed by a continuation higher. 🔍 Identifying Key Levels • PML: Previous Month Low, has been swept. • SSL (EQL): Sell-Side Liquidity, could be targeted. • BSL: Buy-Side Liquidity, needs to be taken for a bearish scenario. • Daily FVG: Daily Fair Value Gap, potential retracement zone. 📊 Key Considerations Current Price Position: Currently at 60,969.99. Daily FVG Reaction: Possible retracement to this area. 📈 Bullish Scenario A bullish scenario could play out if: • Retracement into Daily FVG: Price retraces into the Daily FVG or sweeps SSL/EQL. • Continuation Higher: After retracement, continuation higher is expected. 📉 Bearish Scenario For a bearish scenario: • BSL Taken: A BSL needs to be taken. • Lower Time Frame Confirmation: Confirmation is required on lower time frames. 📊 Chart Analysis Summary Bullish Expectation: Price is expected to retrace into Daily FVG and continue higher. Bearish Expectation: Look for BSL sweeps and lower time frame confirmations. 📝 Conclusion: Bitcoin shows signs of a potential bullish continuation after a retracement, but traders should watch for key levels to confirm direction. Lower time frame analysis and attention to liquidity sweeps will be crucial in guiding trades. 🙏 Thank you for joining us! Exploring BTC/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
Bitcoin Rises Above Key Levels, Eyes All-Time HighBitcoin has bounced back, moving past important support levels and the 200-day Exponential Moving Average (EMA). Analysts predict a small drop in the short term, which could be a good time to buy before Bitcoin resumes its upward climb. Many believe Bitcoin will soon reach or even exceed its highest price ever, signaling a positive trend in the cryptocurrency market. BTCUSDT (1D Chart) Technical analysis BTCUSDT (1D Chart) Currently trading at $62800 Buy level: Above $60700 Stop loss: Below $55500 TP1: $63800 TP2: $65000 TP3: $68000 TP4: $70000 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
1
Bitcoin price looks settled following todays Breakout BTCUSD_2024-08-09_00-06-51_87596.png As per my last post on Bitcoin which showed Bitcoin's strength in breaking out to the upside today from recent zones, this breakout occurred when Bitcoin was looking very bearish with D Tops across most timeframes. Be aware of a massive cup and handle formation on the weekly chart. The chart here displays Bitcoins healthy price action as it settles in a rising wedge across 1hr, 2hr and 4hr timeframes. We won't see these low prices again for a long time is my feeling. The interest rate reduction in the USA is practically in the bag for September and we are ever so close. Also today pleasing figures in unemployment assistance in the USA. Going forwards to the September I am holding contracts in Silver but I have sold out of Gold as I see much more upside in Silver and potentially even more in Bitcoin. Buy the dips in small parcels that your margin can afford and safe and happy trading to everyone.
FUSIONMARKETS:BTCUSDLong
by Easy_Explosive_Trading
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
Alt Coin Holders are about to become RICH! ALT SEASONBitcoin dominance is topping out and is ready to shed dominance across the market! Expect a hard drop! If the bottom of the wedge is broken then we can expect a major alt cycle! I hope you're READY because alt coins are where the BIG MONEY will be made! Use non-kyc exchange TradeOgre, here is my list of coins to accumulate now! GHOST DAG Coins / $:CAS $:NXL $:SDR $:NTL $:HTN / Tickers are not on trading view All coins across the market will rally together when the dominance melts! My eyes are set on projects that utilize Ghost DAG, Similar to $KASPA
CRYPTOCAP:BTC.DLong
by IIISevens
8
Ethereum's Revival A Prime Opportunity for a Strong Rebound Analyzing the current market conditions for ETH/USDT, there are several technical indicators suggesting that Ethereum might be poised for a significant upward movement from its current price of $2,444. The recent sharp decline in price has brought Ethereum to a crucial support level, which has historically acted as a strong foundation for upward reversals. Firstly, the Relative Strength Index (RSI) has dropped below the 30 level due to the recent sell-off, indicating that Ethereum is currently in oversold territory. This suggests that the selling pressure may have been overextended, providing a potential opportunity for buyers to enter the market and capitalize on the discounted price. The Moving Average Convergence Divergence (MACD) is also starting to show signs of a bullish crossover. The MACD line is approaching the signal line from below, which often precedes a bullish trend reversal. This potential crossover, coupled with the oversold RSI, strengthens the case for a price rebound. Additionally, the Bollinger Bands have expanded significantly during the recent price drop, reflecting increased volatility. However, the price has begun to stabilize around the lower band, suggesting that the downward momentum is waning and a reversal could be on the horizon. Furthermore, the trading volume has spiked dramatically during the sell-off, indicating heightened market interest and participation. Historically, high volume during price declines can precede reversals as it suggests that new buyers are stepping in to absorb the selling pressure. The Fibonacci retracement levels also align with this analysis, as the price is currently hovering around the 61.8% retracement level from the previous rally. This level is often considered a strong support area where price reversals are likely to occur. From a fundamental perspective, Ethereum continues to see strong network activity and development progress, further supporting the potential for a rebound. The recent pullback may have been driven by broader market sentiment rather than any Ethereum-specific issues, providing an attractive entry point for long-term investors. Given these factors, it seems like an opportune moment to consider buying ETH/USDT in anticipation of a medium-term price increase. The combination of oversold conditions, technical support levels, and strong fundamental backing suggests that Ethereum is well-positioned to recover from its recent dip and potentially target new highs in the coming weeks and months.
Long
by SafeCryptoSignals