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BTC in new way My RNN divergence script has been sitting on an important resistance level, and the number of bearish predictions keeps increasing. If we look at the past, similar prediction counts have led to negative outcomes. However, it's important to note that things like interest rates could also affect the markets, and this is not a standard way to look at it. It's always important to keep your eyesight wide and consider all perspectives when making trading decisions. Good luck on your trades!
Short
by Viltautas
Bitcoin Surpasses $35K Amid ETF ExpectationsBitcoin has experienced a significant surge in both institutional and retail investor activity, stabilizing around $34,000 after reaching its highest value since May 2022, surpassing $35,000. This marks a substantial 107% increase since the beginning of the year, driven by anticipations regarding the launch of exchange-traded funds (ETFs) and rising safe-haven demand. Last week, Bitcoin transactions exceeded $100,000, often associated with 'whale' investors, reaching the year's high of $23,400. According to data from IntoTheBlock, this uptick coincided with Blackrock's (NYSE: BLK) ETF registration filing, likely fueling increased interest in Bitcoin among large investors and institutions. The U.S. Securities and Exchange Commission (SEC) plans to approve several spot ETFs next year. This development has the potential to propel Bitcoin's market value to $42,000 or even higher. Meanwhile, data from Deutsche Digital Assets indicates a growing trend in retail investor activity. The on-chain activity index for small entities reached a new yearly high of 1.5 last week, indicating increasing participation from small investors. This upswing in both institutional and retail investor involvement underscores the escalating interest in Bitcoin as it continues its upward trajectory. The anticipated approval of several spot ETFs next year could further stimulate this activity and potentially drive Bitcoin's market value to new heights.
BITSTAMP:BTCUSD
by Gwen_Humuna
BTCUSD:Bitcoin has soared nearly 27% this month, marking its bi Furthermore, many altcoins are following BTC according to data provider ByteTree’s Market Width Index. This indicator measures the number of digital assets increasing compared to the decreasing number of coins. Powered by CryptoCompare, the Market Width Index collects real-time data for over 5,300 digital currencies and categorizes tokens according to their trends on a scale of 1 to 5. A value of 5 means the coin is in a strong upward trend, and 0 means the coin is in a strong upward trend. A coin that is in a strong uptrend is in a strong downtrend. At the time of writing, only 4.7% of tokens are showing a significant bearish trend, the lowest level since January. This shows that the market breadth is expanding and more coins are participating in the Bitcoin bull market.
CRYPTO:BTCUSDLong
by Chart_MasterPro
BTC - 31/10/23It's quite a scenario to imagine, isn't it? 🐻 #Bitcoin seems to be showing signs similar to the 'Bull Trap' pattern we observed in late 2019/early 2020 🧐 👉 It's broken past the Echo Bubble Support line, deceived bears beneath the EMA50, and surged back to the former Support line, which now acts as Resistance. The unique aspect this time is that we're witnessing a new yearly peak. Back in 2020, an unexpected event (covid19) led to a rapid market downturn. ❓Wondering about the potential catalyst this time? The current situation in the Middle East seems volatile. It's wise to stay alert. For CRYPTOCAP:BTC to demonstrate its strong bullish stance, reclaiming the trendline is crucial, potentially aiming for the 40-45k mark. I'd advise against betting against #BTC right now; its momentum is commendable. Always be prudent and avoid getting caught up in the excitement.
BITSTAMP:BTCUSD
by mikey_s_trades
BTC future!Last week, Bitcoin transactions exceeding $100k, often associated with 'big' investors, reached a year-to-date high of 23,400. According to data from IntoTheBlock, this increased activity coincides with Blackrock (NYSE:{13078|BLK}}) filing for an ETF and is said to have increased interest in Bitcoin among large and small investors. organizations. The U.S. Securities and Exchange Commission (SEC) is expected to approve several spot ETFs next year. This development has the potential to push Bitcoin's market value to FWB:42K or more.
BINANCE:BTCUSDLong
by D-Venn
Bitcoin at $35,000: Mid-December Ideal Entry?"Technical Analysis: Micro Outlook for Bitcoin Since testing the $33,901 support level, Bitcoin seeks to maintain its upward momentum, supported by the price trends surrounding spot BTC ETFs. While the next major ETF news may take some time, Bitcoin faces decisions from the US Federal Reserve regarding interest rates and the release of non-farm payroll data in the coming week. If outcomes align with expectations, BTC could experience limited volatility, hovering around $34,700, with potential to reach $35,000.
BITSTAMP:BTCUSD
by Gwen_Humuna
1
Celebrating BTC's Breakthrough! Let's Ride the Bullish WaveI couldn't contain my enthusiasm as I witnessed Bitcoin (BTC) making a remarkable breakthrough, smashing through resistance levels not seen since 2018. It's time to celebrate and seize this golden opportunity! The recent surge in BTC's value has left many traders astounded and filled with optimism. With its strong upward momentum, BTC has demonstrated its resilience and potential for growth. This breakthrough is a clear sign that the crypto market is evolving, and we have a chance to ride the bullish wave towards potential profits. Now, you might be wondering, "What's next?" Well, my friend, this is where the real excitement begins! As an experienced trader, you know that timing is crucial in this fast-paced market. With BTC's recent breakthrough, it's the perfect moment to consider taking a long position and capitalize on this upward trend. I encourage you to join me in embracing this golden opportunity and consider going long on BTC. By taking a long position, we can potentially benefit from the continued growth and ride the wave of optimism that has engulfed the market. As the saying goes, "The trend is your friend," and it seems like the trend is definitely in our favor right now! To support your decision-making process, I recommend conducting thorough technical and fundamental analysis, considering factors such as market trends, historical data, and expert opinions. By doing so, you can gain a deeper understanding of the current market conditions and make informed trading decisions. Remember, trading always involves risk, and it's essential to set realistic goals and manage your risk effectively. However, with BTC's recent breakthrough, the potential rewards are certainly worth considering. So, let's embrace this exciting moment, my friend! Take advantage of this bullish wave and consider going long on BTC. Together, we can navigate the market with optimism and aim for potential profits. If you have any questions, need guidance, or simply want to share your thoughts on this exhilarating development, please don't hesitate to comment below. I'm here to support you every step of the way. Wishing you a prosperous and profitable trading journey!
BITSTAMP:BTCUSDLong
by bryandowningqln
1
Are Bitcoin and Commodities Rising from the Israel-Hamas War?Factors Affecting Price: Bitcoin has historically been bullish in the month of October with green monthly candles for 8 out of the 10 last years in the month of October (80% probability). October of 2023 has also been extremely bullish with a lot of hype surrounding the Bitcoin ETF. However, commodities such as GOLD and Silver (SLV) also had significant spikes over this same time period. I think that Bitcoin is also benefitting from the Israel-Hamas War, and that this conflict is contributing to Bitcoin's rise in value. Bitcoin shares a lot of similarities with GOLD and SLV due to their store of value. Fiat currencies around the globe are also at risk due to high U.S. debt, irresponsible spending from the U.S. government, and the higher interest rate environment. Bitcoin's Price Action: Bitcoin has been pretty bearish since the highs in mid July, and has started a strong upward rally shortly after the Israel-Hamas conflict. This date is marked by an orange circle, and a similar rally can be found on GOLD and Silver. It seems that the war is helping to drive up the price of Bitcoin and commodities. Key Price Levels: The two yellow trendlines at $30.7k and $34.8k are key resistance levels. BTC easily broke through $30.7k, but has been suppressed by the $34.8k resistance line. If BTC does break above the $34.8k resistance line, my key price target is the light blue trend line. This price target increases over time so this prolonged sideways price action will lead to a higher price target if BTC does continue this bullish momentum. If BTC pulls back, I would look for a bounce around $30.7k on the way down.
BITSTAMP:BTCUSD
by realchartchamp
$NMR Performed Bullish Symmetrical What is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
Long
by Crypto-Adda_Official
BTC's Latest Price Continues to Surpass SMA 100 and 200 Days!BTC's latest price movement has continued to soar above both the SMA 100 and SMA 200-day indicators. It's truly remarkable to witness BTC's resilience and strength in the market, especially when considering the challenges and uncertainties that the world has been facing lately. As a trader, you understand the significance of these indicators and how they can influence your investment decisions. So, let's dive into the details and explore the implications of this ongoing trend. BTC's current price is significantly higher than both the SMA 100 and SMA 200-day indicators, indicating a sustained bullish momentum. This notable deviation from the moving averages suggests that the cryptocurrency's value is consistently outperforming its historical averages, presenting an excellent opportunity for those looking to capitalize on the market's upward trajectory. Now, with such positive news at hand, I encourage you to consider taking advantage of this favorable situation by considering a long position on BTC. By going long, you can potentially benefit from the cryptocurrency's upward price movement and maximize your returns. As an experienced trader, you are well aware of the importance of timing and seizing opportunities when they arise. With BTC's current performance, it's crucial to act swiftly and strategically to optimize your investment strategy. However, please remember to conduct thorough research and analysis, considering your risk tolerance and overall investment goals before making any trading decisions. In conclusion, the latest price surge of BTC, surpassing both SMA 100 and SMA 200-day indicators, is undeniably a promising sign for traders like yourself. This development presents an exciting opportunity to capitalize on the upward trend and potentially enhance your trading portfolio.
BITSTAMP:BTCUSDLong
by bryandowningqln
BTC - NEXT: Extremely Overbought, RSI hits 102Hi Traders, Investors and Speculators of Charts📈📉 I'm expecting some more volatility on Bitcoin as the RSI recently 102 which indicates and extremely over bought market. This is also confirmed by the technical indicator. Usually, after such extreme numbers are hit on the RSI, the price needs to "cool down" or retrace before continuing back upwards. This could mean lower price action for a few days ahead. It's vital that we retrace back towards the $32k zone to CONFIRM this as new support, and not a fakeout. Two scenarios I have highlighted on the chart is either straight up to the 1.618 and then the support confirmation, or first support confirmation and then up to 1.618. Either way, I'm bullish on BTC and I'll be looking to take a long from support at $32k. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BINANCE:BTCUSDLong
by CryptoCheck-
8
Bitcoin Price Surges to $35,000At the time of writing, the Bitcoin price stands at $34,765, showing strong potential for further gains. It currently resides in the mid-range of the market, measured between the yearly low of $16,542 and the high of the year at $35,184. The leading cryptocurrency has doubled its value since the closing price on December 31, which was $16,542. It has surpassed the 61.8% Fibonacci level at $28,067, a significant retracement, and is on an upward trajectory. The resilient push of the recovery has also broken the 78.6% Fibonacci level at $31,197. Increased buying pressure could drive Bitcoin's price further north, aiming for the psychological target of $35,000. In such a scenario, the most reasonable target would be the $35,184 level on the Fibonacci chart. The Relative Strength Index (RSI) is pointing upwards, indicating that momentum is still on the rise. This is corroborated by the Awesome Oscillator (AO), whose bars are also increasing in the positive territory. However, a price downturn might occur if profit-taking activities commence. In such a case, Bitcoin could find support at the $31,197 level or potentially at $28,067. In the most severe scenario, the decline could push the cryptocurrency down to $25,869.
BITSTAMP:BTCUSD
by Gwen_Humuna
Celebrating the Astonishing Rise of BTC! 🚀 Can you believe it? BTC seems unstoppable as it continues its upward trajectory, defying expectations and leaving us in awe. It's truly a remarkable time to be a part of the cryptocurrency world, and I couldn't be more thrilled to share this moment with you all. Now, let's talk about what this means for us as traders. The recent surge in BTC's value presents an outstanding opportunity for those looking to capitalize on its upward momentum. It's time to consider taking a long position and ride this wave of success! Here's why you should consider joining the long BTC camp: 1. Unprecedented Growth: BTC's recent rally has showcased its ability to break through resistance levels and reach new heights. By going long, you position yourself to benefit from potential future gains as BTC continues its upward journey. 2. Market Confidence: The surge past $34,000 demonstrates the growing confidence and trust investors have in BTC. This positive sentiment can fuel further growth, making it an ideal time to enter a long position. 3. Diversification: By adding BTC to your portfolio, you diversify your investments, reducing risk and increasing the potential for long-term profitability. 4. Expert Insights: Renowned analysts and experts are predicting even greater heights for BTC in the near future. Their forecasts, combined with the current market sentiment, provide a compelling case for going long on BTC. So, my fellow traders, I urge you to seize this opportunity and consider taking a long position on BTC. Let's make the most of this exhilarating moment and embark on a thrilling journey together. Remember, fortune favors the bold! If you're ready to join the long BTC camp or have any questions regarding this exciting development, don't hesitate to comment below. I'm here to support and guide you through this exhilarating time. Wishing you a prosperous and joyous trading journey ahead!
BITSTAMP:BTCUSDLong
by bryandowningqln
The Four Reasons I'm Long On BitcoinOn the weekly timeframe for CRYPTOCAP:BTC : - A candle closed above the downwards trendline (Forming a bull flag), indicating strength in buyers - The MACD indicator had a crossover on the weekly timeframe - Price has been respecting the 21 EMA in the last few weeks. All of my favorite setups include EMAs! - There seems to be a potential Cup and Handle pattern forming. - And obviously ... The news about an ETF for CRYPTOCAP:BTC seems very bullish and I can see this continuation! Given these four reasons, I am bullish on CRYPTOCAP:BTC Stop Loss / Take Profits Stop loss: My stop loss on this trade is pretty tight. I put it at a break of low of this week. However, I might wait for a close on the low! Take Profits: All of these take profits are set at levels that were areas where there was previous heavy selling pressure. My plan would be to scale out half of my position at TP1, 1/2 of the remaining position at TP2, and fully out at TP3 Let me know what you think of this trade!
BITSTAMP:BTCUSDLong
by fluxchart