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10/4 Nice rebound. Can we crash now? Overview: The AMEX:SPY opened Friday significantly higher than Thursday’s close, forming a bullish hammer candle and edging closer to its all-time high. This week closed higher than the previous week, though the previous week did see higher prices. The NASDAQ:QQQ mirrored the S&P’s action, showing similar price movement. BlackRock continues dollar-cost averaging into its ETH ETF, while other major players remain on the sidelines. One critical trend to monitor: Bitcoin has historically struggled to hit new all-time highs or maintain upward momentum when the Global Liquidity Index is in decline. Unfortunately, the index has been falling for the past 19 days. You can learn more about Global Liquidity Index and add it to your chart: The CME Fed Watch Tool has now removed the possibility of a half-percentage point rate cut in November, replacing it with a chance of no rate cut at all. Currently, 2.6% of traders believe there will be no rate cut in November, while 97.4% expect a 1 basis point cut. Even with a rate cut, it will take time for liquidity to flow back into markets. By the time that happens, Bitcoin may hit its bottom for this cycle, signaling the start of a new bullish phase. Be sure to have cash ready for that opportunity. BTC Technical Analysis: W: BTC’s price is nearing the Bollinger Band Moving Average (BB MA) at $62.6k. If Sunday’s price rises by $456, it would close at or above that level, offering temporary hope to bulls. However, a more critical level to watch is the previous weekly close at $64.1k. D : After a significant pullback from the bull trap, daily resistance is set at $63.3k. Breaking that level will require significant momentum. 4h & 1h: No clear signals on these timeframes. In a limbo. Altcoins Relative to BTC: APT and TAO have remained stable over the last 5 days, showing no significant declines after BTC’s bull trap. Shorting opportunities might arise soon. Bull Case: Looking at the past 28 days, we see a clear bullish trend with higher highs and higher lows. As liquidity eventually enters the market, more capital could flow into crypto, pushing prices higher. Bear Case: On a broader scale, since the start of the year, the market is still showing lower highs and lower lows, suggesting bearish risks are still present. Fear and Greed Index: 40.78 – Back to neutral.
COINBASE:BTCUSDShort
by EvgenCapital
Bitcoin : Downtrend Line Breakout CRYPTO:BTCUSD Bitcoin : Uptrend signs can be seen in the short-term After the price correction, it hit the resistance zone of $66,000 to the $60,000 support area Now the corrective trend line has been broken and there is a possibility of short-term price uptrend The uptrend wave continues until the support 60k is broken Trading Setup: There is a Trading Signal to Buy in BTCUSDT Bitcoin (4h) Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 61300.00 ⭕️SL @ 59700.00 🔵TP1 @ 65500.00 🔵TP2 @ 69000.00 🔵TP3 @ 73500.00 Previous signa l What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
8
(BTC) October predictions - BEAR & BULLHello Tradingview community! As always: If these patterns I'm showcasing doesn't work as predicted.. then please don't come crying to me (ty) -> NFA DYOR Alright.. the chart explains itself as you can see We got 2 scenarios/targets for October: Bull targets-> 66k-70k Bear targets-> 52k-46k I do find it more likely to go up than down.. Why? Well Q4 in a bull market is usually heavy green and especially towards a presidential election Anyway, Keep in mind this is only an idea/prediction that could easily be wrong in many ways. I will update this post in the future! BOOST if you like it and follow for more NFA DYOR <<<<-----
by RandomTAdude
1
Support range: 61099.25-61759.99 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- As the volatility period began, the movement in the opposite direction as expected occurred. Even if it rises, it was expected to be around 61759.99, but it has risen more. Accordingly, the key is whether it can receive support around 61099.25-61759.99. This volatility period is expected to be around October 5-10 (up to October 4-11). - Since it has risen above 61759.99, you need to check if the StochRSI indicator rises in the oversold zone or switches to a state where StochRSI > StochRSI EMA. If not, if you buy first, you are likely to feel psychologically uneasy. Therefore, if it continues to rise, it is recommended to check if it is supported near 62856.30. If you want to buy when the BW indicator or StochRSI indicator does not meet the purchase timing conditions, it is recommended to approach it with scalping or day trading. Important support and resistance zones are marked with circles, so you should respond depending on how these zones are broken. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BTCUSD: Holding the MA50 (1w) and parabolic rally starting.Bitcoin tested and held the MA50 (1w) twice in the past 2 months. Based on the last 2 Cycles and in particular October 2020 and 2016, such a rebound on the MA50 (1w) initiates the parabolic rally of the Cycle. Trading Plan: 1. Buy on the current market price and hold until maximum August 2025. Targets: 1. 100000 (minimum psychological target for those who don't want much risk on their holdings). 2. 230000 (maximum extension based on the notion that the price will rise approximately the same degree (+368%) as it did from the 2022 bottom to the March 2023 High). Tips: 1. It is important to keep in mind that the Bull Cycle is far from over. It tends to peak towards the end of each year on a 4 year Cycle. First December 2017, then November 2021. This is why it is recommended to be out of the market by August 2025. Please like, follow and comment!! Notes: Past trading plan:
CRYPTO:BTCUSDLong
by TradingBrokersView
XYO xyo "price return"The price of XYO has flipped over from a falling movement to a growing movement after being in a slump for a very long time; As some may already know from the blatantly obvious change in position for the price of XYO. The indicator proves this to be true rather than rely on the fact that the price increased through a slight spike in price last week and so on. The price reflects the death trap descend based on BTC falling in price at the same time that XYO was finally gaining in price. Typical of a scenario where a cryptocurrency does well and the BTC people have complete control over the system to collapse the price of minor tokens when they at long last increase in price thus shuttering the momentum and possibility for the smaller tokens to receive attention. Once the price suddenly collapses, as it did so when BTC fell in price, the momentum is broken and the trivial aspect of interest from outside investors reduces. Nevertheless, Solana does well, Polygon does well, Tron does well, practically every known cryptocurrency on the CoinGecko list of SEC coins/tokens does well over the long term except XYO, conspiracy,.
COINBASE:XYOUSD
by CryptocurrencyBlot
BTCUSD: An insane rally is starting courtesy of the USDT Dom.Bitcoin is rebounding today aggressively on the 1D MA50, being only neutral on its 1D technical outlook (RSI = 52.075, MACD = 23.455, ADX = 23.455), indicating that the upside potential is tremendous. One correlating asset in particular is showing that an insane rally is about to start, and that's the USDT Dominance. It is about to make a bearish reversal which on October 12th 2023, kickstarted the last strong rally of Bitcoin. We expect 100k to be met on this one. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
Bitcoin's Next Move: Bullish Continuation or Bearish Reversal?Hey, traders! Artem here with another Bitcoin update. Let's dive into the 4-hour chart and explore the recent price action to see what’s been happening since last week. Bitcoin has broken through key levels , hitting a new high of $66,566 last Friday , and this could signal a potential uptrend . But is it all bullish, or should we watch out for a reversal? On the chart, we’ve got a fresh Higher High (HH) at $66,566 and a Higher Low (HL) at $52,400 , which typically suggests bullish momentum. However, there's a Rising Wedge pattern forming , which is often a bearish signal . Bitcoin has broken out of the wedge, moving down from $66,000 and is now trading around $63,570 , near a key support level at $62,800 (marked in blue). If this support holds, we could see some sideways movement followed by an upward continuation. But if the selling pressure continues and $62,800 fails, we might see a further decline toward $60,848 , with $61,824 (marked in red) as a critical level to watch. What’s your take on Bitcoin this week? Are we going long or short? Share your opinion in the comments – I’d love to hear your strategy! If you found this analysis helpful, don’t forget to like and follow for more market updates. Let's see where Bitcoin takes us next!
BITSTAMP:BTCUSD
by ArShevelev
14
Will Bitcoin reach 58,000?The 60,000 range is a good support for Bitcoin to go back up. If the price moves up from this area, it is likely that the Sharpe growth is expected by the market. But we have another important support in the range of 58000, which reaches the trend curve at the same time. In this area, we reach oversold in the daily time, which increases the desire to buy bits. In case of failure of this support, we have another support in the range of 54,000, which we reach by breaking the trend curve. By hitting that area, we can expect the price to return and a pullback to the broken trend curve. After that, we should see the price correction in the weekly time and reach the price range of 40,000. Conclusion: The most important current support area is the 58,000 range, where we expect a return. Have your say on the price future. In the following, you can see the link of past analyzes and their detailed results.
INDEX:BTCUSD
by Rezaei0013
10/3 Bye Bye cryptoOverview: Unemployment dropped to 4.1%, slightly lower than the expected 4.2%. September’s jobs report revealed a 254k increase in hiring, well above the forecasted 150k. This means there's now a reduced chance of a double basis point rate cut in November, which is bad news for risk-on assets like crypto. The CME tool now shows a 92.5% chance for a single basis point rate cut, up from 47% just a week ago. Next week, CPI and PPI reports will be released, which will be crucial for gauging inflation. Meanwhile, BlackRock continues its dollar-cost averaging into both BTC and ETH ETFs, while others are either selling or staying on the sidelines. Fun fact: at 8:30 a.m. Eastern, an interesting event occurred. Someone placed a market buy order for BTC, causing a 0.38% price spike. The volume for that minute was 196 Bitcoin, worth around $12 million at a price of $61.5k. Since the candle was green, it suggests more than 50% of that volume was buying pressure. Did someone purchase $7 million worth of Bitcoin? While that large order initially triggered a brief buying spree, just an hour later, the price began to dump. This shows either whales aren't fully in control of the market, or $7 million isn't enough to sway it for long. BTC TA: W: BTC remains steady at the same weekly level, with no significant movement. D: Similarly, daily price levels remain stagnant. 4h: MACD and RSI continue to climb from the bottom, indicating potential for further bullish movement. However, the overall market sentiment, driven by geopolitical and economic news, may hamper this upward trajectory. 1h: BTC has seemingly found support between $61.9k and $60.1k. However, the chances of an upward breakout appear slim given the macroeconomic conditions. Altcoins Relative to BTC: Yesterday, we suggested shorting SUI, which proceeded to collapse 13%. Bull Case: BTC bounces off its current support level and recovers to $63k. Bear Case: Economic data may reveal that inflation is here to stay, and the Fed won't cut rates as quickly as the market hoped. Even when the rate cut comes, it could take months for the economy to adjust. Additionally, the Global Liquidity Index continues to decline despite rate cuts from both the U.S. and China. Fear and Greed Index: 36.11 – Fear. When this indicator moves into fear territory, we often recommend buying blue-chip altcoins, even for short-term traders. It's wise to keep a separate long-term investment account. Remember the saying: Be greedy when others are fearful. Prediction: BTC and the broader crypto market may continue to decline.
COINBASE:BTCUSDShort
by EvgenCapital
BITCOIN - Price can continue to move down to support levelHi guys, this is my overview for BTCSDUT, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it declined to support line, breaking $63900 level. BTC rose to resistance line and bounced down, breaking $57200 level, but then price started to grow in another channel. In rising channel, BTC broke $57200 level and later rose to resistance line, which coincided with $63900 level. Price made a little gap, and even later rose higher than $63900 level, but soon turned around and started to decline. In a short time, BTC exited from rising channel, broke $63900 level, and continued to move down close resistance line. I think that price can make small movement up and then continue to decline, between resistance line, to $57200 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4