BITCOIN BTC MARCH 13teenth 2024A quick view on the BTC chart going forward with added lines to view some ranges for price and possible future breaks or lops; 77777 looks like the price target to beat and break through based on this conjecture as taken from the 'Lark' on the tree branch and expanded using fueled theory by late. The Ideas of March.
Blockchain
Bitkey Revolutionizes Bitcoin Custody with New Hardware DeviceBitkey, the innovative self-custody bitcoin wallet developed by the Proto team at Block, Inc. (NYSE: NYSE:SQ ), is poised to transform the landscape of bitcoin ownership and management. With the commencement of shipping for its first hardware devices and the introduction of advanced security and recovery features, Bitkey empowers users worldwide to securely own and control their bitcoin assets. Let's delve into the groundbreaking developments and the impact they have on the cryptocurrency ecosystem.
Enhanced Security and Recovery Features:
Bitkey's mission is to simplify self-custody while prioritizing security and accessibility for users. The latest updates include innovative features such as Trusted Contacts, enabling users to designate trusted individuals who can assist in account recovery. Additionally, the Emergency Access Kit provides a fail-safe mechanism for recovery in unforeseen circumstances, offering peace of mind to users.
User Feedback and Testimonials:
Early adopters of Bitkey have lauded its simplicity and robust security measures. Jacob B. from Mexico praises Bitkey's user-friendly interface coupled with robust security, emphasizing its potential to onboard new users to the world of bitcoin seamlessly. Australian photographer Georges F. commends Bitkey's ease of setup and multiple notification systems, underscoring the importance of redundancy in safeguarding assets.
Seamless Integration and Accessibility:
Bitkey aims to bridge the gap between traditional fiat currencies and the bitcoin ecosystem. Through strategic partnerships with Cash App and Coinbase, users can effortlessly transfer and now purchase bitcoin directly from the Bitkey wallet. These partnerships represent the first of many planned integrations, signaling Bitkey's commitment to enhancing accessibility and usability for users worldwide.
Technical Analysis
Prior the news of Bitkey Shipping, Block share ( NYSE:SQ ) was up by 6.7%, with a Relative Strngh Index (RSI) of 70 ( NYSE:SQ ) is currently riding on the bulls.
Global Reach and Adoption:
With availability in over 90 countries, Bitkey is poised to democratize bitcoin ownership on a global scale. The rollout of hardware devices and the Bitkey app across app stores further expands its reach, enabling individuals worldwide to take control of their financial future with confidence.
BTC - Detailed Analysis - Medium to Long TermHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📚 As long as the $70,000 holds, we are expecting a continuation till the upper bound of the channel and $80,000.
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Will LINK Chain Up Further? Probing Supply & Demand for Bullish Hello Traders,
Critical Zone Breakout from Supply Zone Indicates Potential Upside Momentum,
We have 2 Supply Zones. If The Price Breached The Supply Zone, Take Entry While Retested and Looking For Bullish Momentum
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
ETH - 4500 Soon 📈 If...Hello TradingView Family and Fellow Traders,
This is Richard, also known as theSignalyst.
📈 ETH has shown an overall bullish trend, trading within the rising broadening wedge pattern highlighted in red.
It's evident that ETH has been respecting significant round numbers, particularly the 500 marks.
Following its breakthrough above 3500, ETH traded higher to find resistance around 4000.
📈 To maintain control and drive prices higher towards 4500, the bulls require a daily candle close above 4000.
📉 In parallel, ETH retests the lower bound of the wedge pattern, we will be seeking trend-following buy setups on lower timeframes.
📚 Always adhere to your trading plan, especially regarding entry points, risk management, and trade execution.
Wishing you all the best of luck!
Remember, All Strategies Are Effective When Properly Managed!
~Rich
Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 8, 2024Technical Analysis and Outlook:
Bitcoin's price has risen this week, surpassing Major Key Resistance 67530 and the all-time high of 69000. Its ongoing targets are the Inner Coin Rally 72500, the Next Inner Coin Rally 78200, and the Outer Coin Rally 81400. A slight dip to the Mean Sup at the 63800 price is expected before the next rally. Despite the increasing acceptance and rise in investor interest, the cryptocurrency Bitcoin remains subject to volatility and market fluctuations. As such, it is imperative to maintain rigorous vigilance over its price movements and market trends to make informed investment decisions.
NKN Can TRIPLENice Market structure for #NKN
We have a nice, Resistance level flipped into a support zone
A inverted #HVF at the top of the last cycle.
Which targetted that old resistance level.
We held .... We consolidated.
And it appears on the verge of a breakout ... anytime soon.
#BTC supporting the cause of course.
What's interesting the target level runs right into the funnel of the inv. HVF
Confluence increases confidence :)
#TWT/BTC 12h (Binance) Falling wedge breakout and retestTrust Wallet Token pulled back to support and entered oversold territory in sats, looks like a great reward opportunity for a bounce towards 200MA daily.
⚡️⚡️ #TWT/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 9.2%
Current Price:
0.00002342
Entry Targets:
1) 0.00002335
Take-Profit Targets:
1) 0.00003096
Stop Targets:
1) 0.00002081
Published By: @Zblaba
$TWT BINANCE:TWTBTC #TrustWallet #BSC trustwallet.com
Risk/Reward= 1:3.0
Expected Profit= +32.6%
Possible Loss= -10.9%
Estimated Gaintime= 1 month
BTC - new ATH - Detailed Video Analysis 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📚 Here is a detailed update top-down analysis for #BTC.
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
ETH - 3500 => Make or Break ❗️Hello TradingView Family and Fellow Traders,
This is Richard, also known as theSignalyst.
📈 ETH has shown an overall bullish trend, trading within the rising broadening wedge pattern highlighted in red.
It's evident that ETH has been respecting significant round numbers, particularly the 500 marks.
Following its breakthrough above 3000, ETH traded higher to find resistance around 3500.
📈 To maintain control and drive prices higher towards 4000, the bulls require a daily candle close above 3550.
In parallel, ETH retests the lower bound of the wedge pattern, we will be seeking trend-following buy setups on lower timeframes.
📚 Always adhere to your trading plan, especially regarding entry points, risk management, and trade execution.
Wishing you all the best of luck!
Remember, All Strategies Are Effective When Properly Managed!
~Rich
BLOK: Blockchain ETF Set up for Ultimate Bearish DeclineThe BLOK ETF in a Type 2 HOP Return of the Local Bearish Crab has rammed into the PCZ of a Bearish 5-0 with RSI Bearish Divergence and now seems to be prepared to go for a lower low which would align with Bearish reversals in MSTR, COIN and other similar stocks such as CLSK and MARA.
Bitcoin Hits New Highs on Strong Fundamentals and DemandLatest Report on Bitcoin and Crypto Market Developments
Our analysts have closely monitored the immense price action and developments driving performance in the cryptocurrency sector. This report aims to accurately outline relevant factors supporting Bitcoin's ongoing uptrend and the overall bullish sentiment across digital assets.
Bitcoin posted a series of new all-time highs versus several global currencies including the Japanese yen, Malaysian ringgit, and others, extending its dominance in cross-border value transfers. Flow data shows exchange inflows reaching November 2021 peaks, underlining robust demand.
Among recent announcements, Edward Snowden predicted a country will soon confirm purchasing Bitcoin to back reserves modernly without disclosure. Binance Labs funded a new staking protocol supporting network rewards fromBTC holdings.
In the US, Bitcoin ETFs witnessed record $680 million weekly inflows. The BVL exchange in Peru approved crypto ETFs while BlackRock prepares a similar launch in Brazil. South Korean regulators discuss potential approval moves.
Trend-defining analysis from Glassnode and Bitwise contends Bitcoin remains in a prolonged bull phase fueled by non-believers closing short positions. Transaction activity and exchange volumes reached November 2021 levels, exposing dwindling supply against persistent buying pressure.
MicroStrategy doubled down on its seven-figure BTC bet by signaling staying power. Executives from Blockstream and Bitwise forecast six-figure prices over coming years. Popular predictions cite $100,000 before halving events that could stimulate renewed fomo.
Technical metrics mirroring the last rally to near $70,000 reflect an ongoing positive cycle. Short squeezes inherently fuel upside breaks while traders betting against Bitcoin may exit en masse, unleashing buying waves. OTC desks face acute scarcity amid aggressive accumulation.
Macro considerations such as inflation hedging also strengthen the long-term investment thesis. ETF permission across emerging economies broadens accessibility. With persistent institutional capital flows and mainstream adoption tools, Bitcoin retains a constructive narrative despite volatility.
Our analysis concludes Bitcoin remains on an uptrend against a backdrop of widespread institutional adoption. Let us know if you require any expansion on specifics covered. We maintain a bullish outlook and will continue monitoring price components and on-chain activity closely for the next major move.
Bitcoin - Long-Term Log View - Update🎯Hello TradingView Family / Fellow Traders,
🖇 Following my last BTC Monthly log view analysis on November 11, 2022, we anticipated the bulls taking control after rejecting the lower green trendline and horizontal support.
Currently BTC is approaching its all-time high!
What's Next?
📈 If the current all-time high (highlighted in red) is surpassed, we anticipate a 254% increase, mirroring the last bull cycle. This aligns with the upper boundary of the green channel and the 200k - 250k round numbers.
⚠️ However, the journey may encounter bumps, leading to sharp correction movements to shake out weak hands.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 1, 2024Technical Analysis and Outlook:
Bitcoin's price action saw a remarkable surge in the current week, which should not come as a surprise to this audience. After breaking through the completed Outer Coin Rally at 53000, Bitcoin's legit targets were 55000 and 59829, as this would. Bitcoin is setting itself up for the next launch, the Inner Coin Rally at 69000 and the Outer Coin Rally at 81400, which is expected to break records and disappoint those who have dismissed cryptocurrencies.
However, a pullback to the Mean Sup at the 60400 price is a transient dip before the next rally. Nevertheless, the overall outlook for Bitcoin remains promising as it continues to attract more investors and gain wider acceptance. Therefore, it is crucial to keep a close eye on Bitcoin's price movements and market trends.
First ATH BREAKOUT Before Halving ?? Bitcoin Halving: What It Is and Why It Matters
Bitcoin halving is an event that occurs every 210,000 blocks (approximately every 4 years) where the block reward for mining Bitcoin is cut in half. This is programmed into the Bitcoin protocol and has a significant impact on the BTC price.
Why Halving Leads to Growth
Reduced Supply: Halving cuts the number of new Bitcoins created each day in half. This can lead to scarcity, as demand for BTC remains constant or increases.
Increased Value: The decrease in supply can lead to an increase in the value of Bitcoin, as it becomes more difficult to mine.
Psychological Factor: Halving is an anticipated event that can generate excitement about Bitcoin and lead to increased investment.
History of Bitcoin Halvings:
2012: The first Bitcoin halving occurred on November 28, 2012. At that time, the block reward was 50 BTC, and after the halving, it decreased to 25 BTC.
2016: The second Bitcoin halving occurred on July 9, 2016. The block reward decreased from 25 BTC to 12.5 BTC.
2020: The third Bitcoin halving occurred on May 11, 2020. The block reward decreased from 12.5 BTC to 6.25 BTC.
Impact of Halvings on Bitcoin Price:
After each Bitcoin halving, the BTC price has experienced significant growth.
2012: After the 2012 halving, the BTC price grew from $12 to $1150 over 18 months.
2016: After the 2016 halving, the BTC price grew from $650 to $20,000 over 18 months.
2020: After the 2020 halving, the BTC price grew from $9,000 to $64,000 over 12 months.
Expectations for the 2024 Halving:
The next Bitcoin halving is expected to occur in April 2024. This time around, expectations are somewhat different, as:
Bull Market: Unlike previous halvings, the BTC price is already in a bull market.
Institutional Interest: There is significant institutional interest in Bitcoin now, which could lead to even greater growth after the halving.
Will ATH Be Breached Before the Halving?
While halving has historically always led to new ATHs, this time the probability is somewhat higher.
Bullish Trend: The market is already in a bull trend, which is favorable for further growth.
Institutional Interest: Growing institutional interest could stimulate demand for BTC.
However, it is important to remember that the cryptocurrency market is volatile and unpredictable. It is impossible to predict with 100% certainty that the BTC price will break ATH before the halving.
It is important to conduct your own research and only invest what you can afford to lose.
Crypto vs Stocks - Interesting Times🕝Over the past four days, Bitcoin has surged by 20%, while the US500 index experienced a modest decline of 0.35%.
This notable discrepancy in performance reflects significant market movements, influenced by recent events such as the approval of Bitcoin ETFs and the impending Halving.
Let's delve into these factors and their impact:
📈 Market Sentiment:
The recent approval of Bitcoin ETFs has infused the cryptocurrency market with renewed optimism. Institutional adoption, catalyzed by ETFs, signifies a broader acceptance of Bitcoin as a legitimate investment asset. This approval likely contributed to Bitcoin's surge, as investors seek exposure to the digital currency through regulated avenues.
💲 Halving Anticipation:
Anticipation surrounding the upcoming Bitcoin Halving event is driving market sentiment. Scheduled to occur in a couple of weeks, the Halving will reduce the block reward for miners, diminishing the rate at which new Bitcoins are created. Historically, Halving events have spurred significant price rallies, as reduced supply increases scarcity, potentially leading to upward price pressure. The looming Halving has likely fueled demand for Bitcoin, contributing to its recent surge.
📊 Risk Appetite and Diversification:
Bitcoin's outperformance against the US500 index also underscores varying risk appetites among investors. Cryptocurrencies like Bitcoin attract risk-tolerant investors seeking higher returns, particularly in anticipation of significant events such as the Halving.
🤖Technological Disruption:
Furthermore, Bitcoin's surge highlights the disruptive potential of blockchain technology and decentralized finance. Investors are increasingly recognizing the innovation behind cryptocurrencies, allocating capital towards transformative technologies.
As Bitcoin continues to assert its dominance in the financial landscape, one cannot help but wonder:
Are we witnessing the dawn of a new era in finance, where decentralized assets challenge traditional norms and reshape the way we perceive value?
📚 Always adhere to your trading plan, especially regarding entry points, risk management, and trade execution.
Wishing you all the best of luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Next Stop => 60,000 📍Hello TradingView Family and Fellow Traders,
This is Richard, also known as theSignalyst.
📉 BTC has shown an overall bullish trend, trading within the rising broadening wedge pattern highlighted in orange.
It's evident that BTC has been respecting significant round numbers, particularly the 10,000 marks.
📍 Therefore, following its breakthrough above 50,000, our next target is 60,000, coinciding with the upper boundary of the wedge pattern.
📚 Always adhere to your trading plan, especially regarding entry points, risk management, and trade execution.
Wishing you all the best of luck!
Remember, All Strategies Are Effective When Properly Managed!
~Rich
INJ - Bullish Momentum Persists 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 INJ has been overall bullish , trading above the red trendline.
Currently, INJ is hovering around the trendline acting as a non-horizontal support.
Moreover, the 30.0 marked in green is a strong support zone.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and red trendline.
📚 As per my trading style:
As #INJ is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📈 In parallel, for the bulls to take over medium-term and start the next impulse movement that will lead to the 50.0 round number, a break above the last major high in red at 40.0 is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
46 by May 2024MARA has been accumulating for a long time now. We saw a sign of strength with the last pop to 31, and then a retest/higher low. Now its gearing up to markup to 46 by end of April 2024.
- Breakout level is 21
- Initial target = 35-38 by early March 2024 (before earnings)
- Watch out for possible resistance around 25-27, but should break through it easily
- After initial target is hit we will see a small pullback before running to 46 (goal target) by May 2024.
~The black arrow/path is my forecast to initial target.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 23, 2024Technical Analysis and Outlook:
Throughout this week's trading, Bitcoin has been showing a lot of gyration, with its price moving back and forth between two key levels: our Mean Resistance level of 52500/completed Coin Rally level of 53000, and newly created support at 50600 during this period indicating that the price has found some stability.
However, despite these developments, the price of Bitcoin may experience a further decline and test our Mean Support level of 49700. If this happens, it could be an opportunity for traders to buy at a lower price before the coin takes off to retest Mean Res 52500, completed Coin Rally 53000, and galop to new highs.
📌BTC vs USDT.D - Who Follows Whom? 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I always keep an eye on USDT.D to gauge the overall crypto market sentiment.
📚 Today, I want to demonstrate the correlation between BTC and USDT.D:
- Last month, BTC broke above the previous major high (shown in blue), while USDT.D broke the previous major low and initiated an impulse movement.
- BTC is currently fluctuating within a narrow range around the $53,000 resistance level, while USDT.D is hovering around the 5% support level and the round number.
- BTC is expected to maintain its bullish trend unless it breaks below the last major low at $50,500, which would correspond to USDT.D dropping below 5.29%.
And so on... the picture is self-explanatory.
The question is... Who Follows Whom?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich