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Btc-usdt

🔥 Perfect Bitcoin Short Initiated: Bearish Triangle!Recently I made an analysis on BTC's bearish triangle and the short-entry I was hoping for. The original resistance that I drew (yellow) has not been hit yet, but instead the purple line has proven to be a strong resistance. Support/resistance lines, especially diagonal ones, can be fluid, so I drew the triangle again. I'm waiting for the price to reach below 26k to make a short entry, target at 20k. This gives us a very decent short-term entry with a huge R/R of 11.5. A more risk averse trader might want to wait for the definitive bearish break out and enter below 24.9k
INDEX:BTCUSDShort
by FieryTrading
16
📉📈 Low Volatility Deja Vu? A Look Back at 2022 and What It Could Mean for Crypto Now 🤔 Hey there, crypto aficionados! Today, let's take a trip down memory lane and explore some intriguing parallels between the current market conditions and what we experienced in late 2022 and early 2023. It's a case of déjà vu with a twist. 📉 The Calm Before the Storm: At the end of 2022 and the beginning of 2023, the crypto market found itself in a period of exceptionally low volatility. Prices seemed stuck, and many anticipated a further drop. The sentiment was cautious, to say the least. 📈 The Unexpected Twist: What happened next surprised many. Instead of the anticipated plunge, the crypto market took an unexpected turn and started to climb. The low volatility period was followed by a burst of bullish momentum that caught even seasoned traders off guard. 🔄 A Familiar Scenario: Fast forward to the present, and we find ourselves in a situation that bears a striking resemblance. Volatility has once again dropped to relatively low levels, and some are beginning to wonder if history might repeat itself. 🚀 Potential Implications: Could the current low volatility be a prelude to another surprise rally? While past events don't guarantee future outcomes, they do remind us of the unpredictable nature of the crypto market. 🧐 Stay Informed and Adaptive: In the world of crypto, staying informed and adaptable is key. Keep an eye on market developments, stay attuned to news and trends, and be prepared for the unexpected. Remember that markets can change rapidly. 💡 The Takeaway: History might rhyme, but it doesn't always repeat. While we can draw insights from past experiences, the crypto landscape is ever-evolving. Be vigilant, have a well-thought-out strategy, and embrace the excitement of navigating these dynamic markets.
by AlexWhale
🔥 The Calm Before the Storm: Bitcoin's Volatility AnalyzedIn our latest analysis, we explore Bitcoin's unfolding volatility patterns. Notably, the bottom indicator highlights a distinct drop in Bitcoin's 7-day volatility, as depicted by the green metric. Historical data consistently suggests that such low volatility precedes significant market movement. While periods of low volatility can span weeks, they invariably culminate in a pronounced shift. Previously, I discussed Bitcoin's volatility and predicted a potential downturn risk. My perspective remains unchanged. Given that September traditionally presents challenges for crypto performance, and considering the precedent set by pre-halving years exhibiting roughly 50% bullishness (a trend we observed at the year's start), there's a strong inclination toward upcoming bearish trends. Although positive ETF news might temporarily boost the market, a surge in selling is anticipated in the near future. If you wish to use this indicator yourself, check out this link below: Which direction do you think that the market will go? Share in the comments 🙏
INDEX:BTCUSD
by FieryTrading
32
🔥 Are the Bulls Losing? Decoding Bitcoin's Recent Market TwistAfter the initial dump around the 17th, I made an analysis on BTC where I discussed the fact that this token was the most oversold on the daily RSI since the COVID dump. My short-term expectation was more edged towards the bullish side than towards the bearish. My target area for the bounce lied between the 0.382 and 0.618 Fibonacci retracements. This area is often an area of strong resistance and will nearly always signal a continuation of the trend if it can hold. To make things worse for the bulls, the 200-week average lies around 27.500. This moving average is historically the most important moving average. Given the fact that a lot of traders will look at this indicator makes it worthwhile to look at it as well. I'm not convinced that the bulls will push through. With the ETF not even being approved yet it's essentially "news before the news". Sure, it's good news, but is it enough to start a long-term trend reversal? Like mentioned before, I'm not convinced yet. If BTC can close the day above the 0.618 Fibonacci retracement (~28.300), I will switch my short-term bias to bullish. If not, we're still in bearish territory.
COINBASE:BTCUSDShort
by FieryTrading
43
BTCUSDT This is a 1D frame analysis for BTCUSDT Based on the fact that the price is currently ranging within the support line, we expect the price to once again reach the first resistance line and then, if it cannot maintain a high momentum, experience further decline. However, if it can move above our resistance line, we can expect an increase in price until the next resistance line. Suggestion: In this situation, we should be cautious and wait for a good point to buy or sell. We have identified sensitive points for you friends, I hope you can make use of them.
Long
by MarsSignals
4
BTCUSDTThis is a 1D frame analysis for BTCUSDT As you can see, due to the negative news, the price was unable to remain on our static support and was pressured by excessive selling, causing it to break through our support zone and the price is currently fluctuating at the 24125 level. We have two scenarios for the price in mind. We will review both Bitcoin scenarios. Scenario 1: Taking into account the break of the support line that is currently playing a supportive role for us, the price will move towards that line and pullback to it. Scenario 2: We expect the price to remain on this zone and with the attraction of capital it can bring itself back to our first resistance zone. However, if the price is unable to establish itself above the support line and break through it, we expect a further price drop. Suggestion: Those who wish to take risks can half buy at this zone and wait for the other half either if the price establishes itself above the R2 zone or if the price goes to our second support zone which can be attractive for holders.
by MarsSignals
🔥 Bitcoin Stochastic RSI Signal +838% Average Gain? Bullish!If you enjoy this analysis, please give it a like and a follow. The month has not closed yet, but it appears that the slow Stochastic RSI (orange line) will close above the 80 line for the first time since November 2021. I've made several bearish analyses over the last few weeks, but this one is a more bullish one (on average!). Historically, once the orange line from the Stochastic RSI closes above the orange line it means that a pump is coming. 3/4 times a very decent move has occurred from the moment it went over 80, till it crossed below 80. On average, a +838% move has followed. We can say with quite some certainty that a +838% move is out of the question. Still, the market has historically performed well. Personally, I'm anticipating a move like in 2019, where the orange line reached above 80 and moved below it in the following month. Is this bullish to you? Share your thoughts in the comments 🙏
CRYPTO:BTCUSDLong
by FieryTrading
27
Bitcoin outlook: BullishUpon conducting a comprehensive long-term analysis, it becomes evident that Bitcoin's current valuation persists below its median threshold. Nonetheless, an intriguing potential for a more pronounced bullish trajectory remains, poised to unfold before any significant bearish tendencies take hold. At the heart of this analysis lies a median value of 36094.0, an anchoring point that draws attention to a desired cyclic range spanning from 29507.2 to 42680.8. It's important to note that the attainment of this extensive range remains speculative, given the multifaceted uncertainties prevailing within the western markets, with a focal point on the United States where legal ambiguities cast their shadow. The unique strength that propels Bitcoin forward is inherently rooted in the foundational tenets of the proof-of-work principle, which serves as the bedrock of its decentralized structure. This decentralization stands as a critical linchpin for Bitcoin's sustenance and endurance amidst an ever-evolving landscape. Operating on a proof-of-work consensus mechanism, Bitcoin orchestrates a global network of miners whose collective endeavor validates transactions and reinforces the network's integrity. Through an intricate dance of computational prowess, these miners solve intricate mathematical enigmas, fortifying the very foundations upon which the blockchain rests. This intricate tapestry of decentralized participants meticulously thwarts any attempts at monopolization, shielding the system against undue manipulation, censorship, and the peril of consolidated authority. In stark contrast, a transition of Bitcoin to the proof-of-stake paradigm would inevitably usher in a shift toward centralization, undermining the robust decentralization that stands as its hallmark. Such a transition would confer decision-making power to those holding the largest coin stakes, thereby disturbing the democratic equilibrium that defines the present landscape. This transition threatens to erode the resolute strength of the proof-of-work mechanism and elevates the susceptibility to centralized control, presenting a potential vulnerability to the very ethos that has propelled Bitcoin to the forefront of digital currency innovation. Inextricably linked to this discourse is the onset of a bear market, which emerged on November 14th, 2021, an event that can be construed as a requisite course correction following a period characterized by an unhealthy and excessively bullish market upswing. My conviction is rooted in the belief that for Bitcoin to chart a sustainable growth trajectory, it must adopt a cyclically balanced approach, steering clear of the tendencies that lead to over-reliance and unchecked growth. Notably, the ongoing reliance on Bitcoin as a reference currency paradoxically impedes its untapped growth potential, raising pertinent questions about the need for diversification in its utilization.
Long
by RobertD7723
BTCUSDTThis is a 1D frame analysis for BTCUSDT As expected, after bouncing off the support line, the price encountered the first resistance line and started to move upwards. As per our previous analysis, we expect it to reach the desired line and then, after demand, to move powerfully towards the resistance lines. Keep in mind that after the price bounces off the demand line of Bitcoin, it will stabilize above it and keep an eye out for the consolidation patterns that may provide support and cause the price to slowly go up after a short spike. We can then take advantage of this by making a ladder buy. Investors should definitely adhere to this and make ladder buys.
by MarsSignals
1
🔥 Bitcoin's Most Boring Bullish Phase Ever? 💤If you enjoy this analysis, please give it a like and a follow. Since the start of 2023, Bitcoin has been in a bullish phase after 14 months of selling. Personally, this is the most boring bullish phase that I can remember. As seen on the chart, this whole mini bull-run has been the result of 12 big green days. We're now 217 days into 2023. What generally happens is that we get a couple of green days where the magic happens, followed by weeks of slow bleeding. Surprisingly enough, the overall market structure still looks bullish to me. Bulls are in control as long as we're above the dotted support line. However, volume has dried up, which is rarely bullish. Like I mentioned in yesterday's analysis; Bitcoin is at a crossroads. We're either going to see a big pump in the near future (a few big green candles, followed by weeks of bleeding), or we're going to break below the dotted support. Seeing that volatility is at historical lows, it's more than likely that we're going to get some big price action in the near future to end this boring market. Furthermore, this is just a phase that we have to get through before the 'real' bull-run will start somewhere after the 2024 halving.
CRYPTO:BTCUSDShort
by FieryTrading
17