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+USDT = +$BTC. target [85k; 90k]dear fellows, it is our belief that USDT marketcap drives BTC price. the recent issuing reached a new ATH for USDT. it is not as yet reflected on the price, because the current trading range was a response to less steepened issuing and current rate is higher. thus, we believe that not just the top is going to be tested, but a breakout comes next. if so, we expect after a retracement, a move reaching somewhere between 85k to 90k. that corresponds to the midline of an upward parallel channel anchored in the bottoms of '18 and '22, and capped by the pick in '21. this same midline was tested before in '19 and early '21. best regards, fernando a. bender
Long
by greenfield_br
Bitcoin's Dual DestinyAs a long-time Bitcoin enthusiast, I've ridden the rollercoaster of crypto markets more times than I can count. Today, I'm here to share my insights on Bitcoin's fascinating journey ahead – a tale of short-term struggles and long-term triumphs. The Bearish Storm on the Horizon Looking at the day chart, the next 1-3 months paint a somewhat gloomy picture for Bitcoin. The 15 and 50 Exponential Moving Averages (EMA) are telling a bearish story, with the shorter-term EMA consistently staying below the longer-term one – a classic sign of downward momentum. Fibonacci retracements, those mystical levels that often act as support and resistance, are also hinting at potential further downside. We're seeing price action respecting these levels with an eerie precision, suggesting that Bitcoin might be searching for its short-term bottom. But here's the kicker – this bearish phase isn't necessarily bad news. In fact, it might be setting the stage for something much bigger. The Bullish Horizon: A 5-Year Vision While the short-term outlook might make some hodlers nervous, zooming out to the 1-5 year timeframe reveals a much more optimistic picture. Despite regulatory headwinds, the underlying fundamentals of Bitcoin continue to strengthen. Institutional adoption is accelerating, with major companies adding Bitcoin to their balance sheets. The recent approval of Bitcoin ETFs in the US has opened the floodgates for more mainstream investment. These factors, combined with the upcoming halving event, paint a bullish long-term picture that could see Bitcoin reaching new all-time highs. Riding the Elliott Waves To understand Bitcoin's price movements better, let's dive into the world of Elliott Wave Theory. Developed by Ralph Nelson Elliott in the 1930s, this theory suggests that market prices move in repetitive patterns driven by investor psychology. The basic Elliott Wave pattern consists of five waves in the direction of the main trend, followed by three corrective waves. These patterns can be seen across various timeframes, from minutes to years. ABC Corrections: The Market's Natural Rhythm Within the Elliott Wave framework, ABC corrections play a crucial role. These are the three waves (A, B, and C) that move against the main trend, providing necessary retracements before the larger trend continues. In Bitcoin's current context, we might be in the midst of an ABC correction within a larger bullish cycle. The 'A' wave could represent the initial drop from all-time highs, 'B' the subsequent relief rally, and 'C' the final leg down to find the short-term bottom. The Road Ahead: Embracing the Dual Nature As we navigate these choppy waters, it's crucial to maintain perspective. The short-term bearish outlook provides an opportunity for accumulation, while the long-term bullish thesis reminds us of Bitcoin's revolutionary potential. Remember, every bear market in Bitcoin's history has eventually given way to new bull runs. This time is likely no different. The key is to stay informed, manage risk wisely, and never invest more than you can afford to lose. As we watch the charts and analyze the patterns, let's not forget the bigger picture. Bitcoin isn't just an asset – it's a technological revolution that's reshaping our understanding of money and finance. So, whether you're a day trader riding the short-term waves or a long-term hodler with your eyes on the horizon, remember: in the world of Bitcoin, change is the only constant. Embrace it, learn from it, and most importantly, enjoy the ride! #Bitcoin #CryptoAnalysis #ElliottWaves #BullishBTC #BearishShortTerm #LongTermHodl #ABCCorrections #CryptoTrading #BlockchainRevolution #FinancialFreedom
BINANCE:BTCUSD
by XTradeSetup
BTC Bitcoin Technical Analysis and Trade Idea👉🔍In this video, we take a close look at BTC. Recently, it experienced a strong bullish rally, but it appears to be overextended and has reached a key resistance level. Given the overextended move and significant imbalances below, I'm looking for a sell opportunity at the current level. In the video, I share my thoughts on price action, market structure, and the trend. Remember, this content is for educational purposes only and is not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies. 📊✅
FOREXCOM:BTCUSDShort
by tradingwithanthony
4
What the ATH is Bitcoin doing??Hi guys, Bitcoin was lookin' real interesting so I decided to make an updated analysis. Price dipped into a 3-month BISI with a nice rejection. It also make some clean PD Arrays to trade off. Currently, i'm looking at a close above the weekly SIBI and then wait for a retracement. If we get new FVGs before then, I may keep an eye on those as well. Either way, I think we are going to infinity and beyond. For more info, just watch the vid. Happy trading! - R2F
Long
by Road_2_Funded
Bitcoin ALL-TIME-HIGH is STILL COMING: Here's WhyA hint... the RSI. The RSI is one of those reliable old-timers, especially useful in higher timeframes to determine longer period price action, such as near term and long term. Together with Elliot Wave Theory, I'm going to present to you an argument for why Bitcoin is STILL BULLISH and what my strategy/expectation is for the coming weeks. I'll also share key metrics to watch and do regular updates should the conditions mentioned in the video be met. Although I am short term bearish, I remain longer term bullish, making it really impossible to label this post as solely "short" or "long". Cheers to the Top10%'ers 🥂 __________________________ BINANCE:BTCUSDT
by CryptoCheck-
1