Get started

Btctrade

Bitcoin Price Nears $35,000 Support Amidst Market Correction"The current Bitcoin price is trading at $35,536, officially confirming a correction in the downward trend. The convergence of Moving Average Convergence Divergence (MACD) indicators shows bars extending below the 0 line, and the MACD line moving below the signal line, signaling the intersection in the official downtrend. The intensifying downward trend causes altcoins to nearly drop below $35,500 before bouncing back above the crucial support level. However, this recovery may not be sustained in the upcoming trading sessions, potentially leading to a further decline in BTC value. The next major support level is the local support line at $33,901, which could push the Bitcoin price down to $31,507. Yet, if broader market signals attempt to bring optimism to the cryptocurrency space, BTC may escape the $33,901 support level to avert a crisis. Reclaiming $35,000 as support would weaken the bearish stance, propelling the cryptocurrency above $35,500 and targeting $40,000.
BITSTAMP:BTCUSD
by Gwen_Humuna
BTC Surges to $37,900 on Optimism Over U.S. Regulatory Approval"Bitcoin hits $37,900 for the first time in a year and a half, driven by expectations of U.S. regulatory approval for a Bitcoin spot exchange-traded fund (ETF). Trader sentiment improves as the U.S. Securities and Exchange Commission (SEC) reviews 12 Bitcoin ETF applications. At the time of writing, Bitcoin is trading at $36,683 on Binance. The market-leading cryptocurrency has seen a nearly 5% increase in value over the past week.
BITSTAMP:BTCUSD
by Gwen_Humuna
2
BTC will continue to rise next weekBitcoin (BTC) is up over 120% since the beginning of the year, showing that sentiment towards the crypto asset has improved significantly. Due to the large volume of purchases, the number of wallet addresses holding more than $1 million in Bitcoin this year has jumped from 23,795 on January 1 to 81,925 now, according to data from BitInfoCharts. After a significant price rally, Bitcoin could face headwinds in the short term as investors digest macroeconomic data and events taking place this week. The Consumer Price Index will be released on November 14th, followed by the Producer Price Index on November 15th, which could lead to short-term fluctuations. Short-term retracements are healthy for long-term market trends.
BITSTAMP:BTCUSDShort
by AstronautPioneer
BTC Drops due to High Stochastic Reading above 80 Bitcoin (BTC) price dropped due to a significant increase in the stochastic oscillator reading, surpassing the critical level of 80. It is crucial to approach this information in a neutral manner and make informed decisions based on objective analysis. The stochastic oscillator is a technical indicator widely used in financial markets, including the cryptocurrency realm. It measures the momentum of an asset's price and determines whether it is overbought or oversold. A reading above 80 generally indicates that an asset is overbought, suggesting a potential upcoming correction or reversal in price. Considering the present situation, it is advisable for traders to exercise caution and closely monitor the market movements. In such cases, it can be beneficial to pause BTC trading temporarily, as historical data suggests that prolonged periods of high stochastic readings are often followed by corrective or consolidating phases. Taking a step back during these times allows for a clearer perspective when the market eventually starts its next upswing. Making informed decisions is a pivotal aspect of successful trading, and having an objective understanding of indicators like the stochastic oscillator is part of navigating the cryptocurrency market effectively. I encourage you to stay informed about market trends, seek guidance from reliable sources, and utilize robust trading strategies to maximize your trading potential. Remember, the world of cryptocurrency is dynamic, and market conditions may change rapidly. Analyzing different factors alongside the stochastic oscillator can lead to a more comprehensive understanding of BTC price trends. Thank you for your attention to this matter. Feel free to reach out for further clarification or to discuss any concerns you may have by commenting below. Wishing you all profitable trading endeavors and a successful journey in the cryptocurrency market.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin (BTC) Long SetupOKX:BTCUSDT.P Long On passing the 38950 level TR 1/4 46764 TR 1/4 48884 TR 1/4 58985 Interested in your opinion on this algorithm of actions Long deposit 20% of the asset order 20% of deposit leverage ×20 cross margin take profit 25+-% of order stop loss 5+-% of order de los 1% of deposit RR 1 to 5 Entry on positive news background + At positive trendsetters support + No nearby reports, speeches + Bullish chart and candlestick patterns + A pool of indicator indices signalling an uptrend #DYOR
Long
by FelixVexelman
2
Hovers at $37,000 – A Call to Pause Trading for Your BenefitBTC has recently been hovering around the $37,000 mark, displaying a level of volatility that demands our immediate attention. In times like these, it is crucial to take a step back and evaluate the situation objectively. The rapid rise and fall of BTC's value can be overwhelming, and it is our responsibility to protect our investments and ensure the stability of our trading practices. Therefore, I strongly urge you to consider pausing your BTC trading activities temporarily. This pause will allow you to reassess your strategies, analyze the market trends, and gain a clearer understanding of the factors influencing BTC's current volatility. By doing so, you will be better equipped to make informed decisions that align with your long-term trading goals. Here are a few reasons why taking a pause in BTC trading is in your best interest: 1. Minimize potential losses: Volatile periods often lead to unexpected price fluctuations, making it challenging to predict market movements accurately. By temporarily stepping away from BTC trading, you can avoid making impulsive decisions that may result in substantial financial losses. 2. Gain perspective: Taking a break from trading provides an opportunity to reflect on your overall trading approach. Use this time to analyze your past trades, identify patterns, and refine your strategies accordingly. Remember, successful trading requires continuous learning and adaptation. 3. Reduce emotional stress: The constant ups and downs of the crypto market can take a toll on your mental and emotional well-being. Pausing BTC trading allows you to alleviate the stress associated with monitoring price movements, enabling you to approach future trades with a clear and focused mind. 4. Seek expert advice: During this pause, consider consulting with trusted experts or financial advisors who can provide valuable insights into the current market conditions. Their guidance can help you gain a broader perspective and make more informed decisions when you resume trading. I implore you to prioritize your financial well-being and take this opportunity to reevaluate your trading strategies. By pausing BTC trading temporarily, you can safeguard your investments and position yourself for long-term success in this dynamic market. Remember, the crypto market is ever-evolving, and it is crucial to adapt and stay informed. Use this time wisely to educate yourself, stay updated with market news, and explore new investment opportunities that align with your risk appetite. If you have any questions or need further guidance, please feel free to reach out to by commenting below. Thank you for your attention, and I urge you to make a responsible decision for your financial well-being. Let us approach this volatile period with caution and emerge stronger as traders.
BITSTAMP:BTCUSD
by bryandowningqln
BTC Support at $36,300 - It's Time to Long BTC! Now, I know you're already aware of the immense potential that Bitcoin holds, but let me emphasize just how exciting this development is. The $36,300 support level is not only a strong foundation for BTC's price, but it also signifies a potential bullish trend that could propel the market to new heights. Can you feel the excitement building up? So, why should you consider taking advantage of this opportunity and longing BTC? Here are a few compelling reasons: 1. Support Level: The $36,300 support level has proven to be robust, indicating a strong buying interest from the market. This support acts as a solid base, reducing the likelihood of a significant price drop and increasing the potential for an upward movement. 2. Bullish Momentum: The support at $36,300 coincides with a bullish sentiment in the market, as more and more traders are recognizing the long-term value and potential of Bitcoin. By joining the growing number of traders who are longing BTC, you can ride the wave of this positive momentum and potentially maximize your gains. 3. Long-Term Growth: Bitcoin has consistently demonstrated its ability to bounce back from market downturns and continue its upward trajectory. By taking a long position at this crucial support level, you position yourself to benefit from the long-term growth potential of BTC. Now, don't let this exciting opportunity slip away! It's time to take action and capitalize on the potential gains that longing BTC at $36,300 can offer. Remember, trading always involves risks, so it's essential to conduct your own analysis and make informed decisions based on your trading strategy and risk tolerance. If you're ready to seize this moment and embark on an exhilarating journey with Bitcoin, I encourage you to consider opening a long position on BTC today. Take advantage of the current support level and position yourself for potential profits in the days and weeks to come.
BITSTAMP:BTCUSDLong
by bryandowningqln
Predict Bitcoin's Price with "W" pattern from the 50 and 200 MA 50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading. If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same length). It’s also interesting to look at how deep the second correction, or “V”, will go. In the W pattern of End 2019 (October) - Middle 2020 (May), the 2nd dip was deeper than the first and it resulted in a bull market. We could argue that it also happened back in July/August 2014 – October 2015. In the W pattern of Middle 2021 (May) - End 2021 (October), the second dip was higher than the first and it resulted in a bear market. We therefore have to wait to see if there will be a correction and how deep it will be, continue to use indicators, and find patterns.
BITFINEX:BTCUSDShort
by YanakTrading
BTCUSD: November 9 Technical Analysis of BTCThe rise in Bitcoin (BTC) has paused at $36,000, but bulls are not in a hurry to cash in. The number of long-term holders (addresses holding Bitcoin for at least 155 days) is close to an all-time high, while the number of short-term holders (addresses holding coins for less than 155 days) is currently at an all-time low, according to Glassnode analysis, indicating that the supply of Bitcoin is getting tighter. Although the long term appears promising, there may be difficulties in the near future. The open interest in the Bitcoin futures market has increased significantly, surpassing $16 billion as of this writing, based on statistics from CoinGlass. Contributor J.A. Maartunn of the on-chain analytics tool CryptoQuant emphasized on While the price of Bitcoin could drop
BINANCE:BTCUSDLong
by Chart_MasterPro
BTC's Bullish Run with Higher Lows Over the past few weeks, BTC has been showing remarkable strength and resilience, forming a series of higher lows on its chart. This trend signifies a significant shift in market sentiment, suggesting that the bulls are gaining momentum and taking control. It's a clear sign that the long-awaited bullish run we've been anticipating is finally upon us! Now, I know what you might be thinking - "Is this just another temporary surge?" But let me assure you, my friends, this time it feels different. The market sentiment is shifting, and we're witnessing a growing number of institutional investors and big players embracing Bitcoin as a legitimate asset class. This newfound confidence, combined with the recent regulatory developments and increased adoption, sets the stage for BTC to soar to new heights. So, what's the call-to-action here? It's simple - it's time to go long on BTC and ride this wave of opportunity! Don't let the fear of missing out (FOMO) get the best of you. Take a moment to analyze the charts, identify the entry points, and strategically position yourselves to benefit from this bullish trend. Remember, successful trading requires a combination of analysis, strategy, and a sprinkle of optimism. While we can't predict the future with certainty, the signs are pointing towards a promising journey ahead for Bitcoin. By taking calculated risks and staying informed, we can position ourselves to capitalize on the potential gains that lie within. So, my dear traders, let's embrace this bullish momentum with a smile on our faces and a positive outlook. It's time to seize the moment, trust in the power of BTC, and make the most of this exciting opportunity. If you have any questions, need assistance, or simply want to discuss the latest market trends, feel free to reach out by commenting below.
BITSTAMP:BTCUSD
by bryandowningqln
BTC SETUPSHi guys, Today I have BTC for you. Since last week btc has been trapped underneath a supply area and has not been able to break through it. In terms of short trades there is a supply area around 35607 level which could drive the price down should it get there. Then if you want to go long you have to wait for the price to get to the demand area at the bottom then after confirming it in lower time frame take a long trade. So as always wait for the price to get to either of these areas and take your trade accordingly. Be honorable.
by AliHassanzadeh
BTC Trade IdeaBitcoin BTC is currently overextended and trading into a key resistance level. Entering long at the current price would be at a premium and high risk in my opinion. I would be looking for a buy opportunity if this retraces down into the 61.8 fibo range. TP 2/3 off at 1:1 RR and this is in the $. My bias is bullish, however not at the current level. Your comments would be appreciated. Also, a big thank you to everyone who has been boosting my trade ideas, I am forever grateful.
OANDA:BTCUSDLong
by fxtraderanthony
7
In an unstable economic situation, BTCUSD is still growingAccording to Bernstein, Bitcoin's value doubled in 2023, a year of marked economic turmoil, marking the beginning of a new bullish cycle. Accelerators that could propel Bitcoin towards the $150,000 goal by mid-2025 include upcoming SEC-approved ETFs and Bitcoin halving scheduled for April 2024 . They argue that investors can respond to this trend through direct participation or high-beta methods. One of these methods is to favor Bitcoin mining companies that are expected to increase in value and can generate significant returns on investment. The possible approval of a Bitcoin-related ETF by the SEC could also act as a catalyst for crypto growth. This ETF provides retail and institutional investors with an accessible way to tap into the growing cryptocurrency market without having to directly purchase and store digital assets. Furthermore, the value of Bitcoin is expected to increase further due to the ``halving'' scheduled for April 2024. This event, which halved the reward for mining new blocks, effectively slowed down the rate at which new Bitcoins were created, causing historically large price increases.
BITSTAMP:BTCUSDLong
by AstronautPioneer
BTCThe global cryptocurrency market, valued at $1.33 trillion, saw overall growth of 0.46% last Wednesday, with altcoins gaining despite the value of Bitcoin falling slightly lower. $34,867.03 remaining. This is a significant divergence from Bitcoin's record high of $69,000 at the end of 2021. Total crypto market volume over the past 24 hours increased 3.40% to $40.05 billion, with DeFi and stablecoins contributing 4.68 billion USD and 35.23 billion USD respectively. Speculative demand appears to be shifting from Bitcoin to lesser-known digital assets, which have increased this month. Meme currencies Dogecoin and Shiba Inu are up 4.63% and 2.07%, respectively, boasting market capitalizations of $10.64 billion and $4.9 billion, respectively. Pepe Coin also saw a significant increase of 30%.
BINANCE:BTCUSDLong
by Willsonnnn
Ride the Bullish Wave! Long BTC and Reap the Rewards 🚀BTC (Bitcoin) has been performing remarkably well lately, staying consistently above the exponential moving average periods within the normal range of the commodity channel index. This is a strong indicator of a bullish trend and an excellent opportunity for you to capitalize on! It's time to unleash your trading prowess and take advantage of this upward momentum. Here's why you should consider going long on BTC: 1. Strong Technical Indicators: The fact that BTC is consistently staying above the exponential moving average periods is a clear sign that the cryptocurrency is gaining positive traction. This indicates a healthy market sentiment and suggests that a sustained upward trend is likely to continue. 2. Bullish Market Outlook: The normal range of the commodity channel index further confirms the bullish sentiment surrounding BTC. This range indicates a favorable environment for traders to benefit from potential price increases. 3. Potential for Lucrative Returns: By going long on BTC, you position yourself to potentially profit from the cryptocurrency's upward trajectory. As BTC continues to gain popularity and acceptance worldwide, the potential for significant returns on your investment is immense. Now that you're aware of the promising market conditions, it's time to seize the opportunity and take action. Here's what you can do to ride the bullish wave: 1. Conduct Thorough Research: Before making any trading decisions, ensure you conduct comprehensive research on BTC, its recent performance, and the factors driving its upward trend. This will help you make informed decisions and maximize your chances of success. 2. Establish a Solid Trading Strategy: Develop a well-defined trading strategy that aligns with your risk appetite and financial goals. Consider factors such as entry and exit points, stop-loss levels, and potential profit targets. Having a clear plan in place will help you navigate the market with confidence. 3. Monitor Market Conditions: Stay updated with the latest news and market trends related to BTC. Regularly analyze technical indicators and market sentiment to make informed adjustments to your trading strategy as needed. 4. Stay Disciplined: Emotions can sometimes cloud our judgment, leading to impulsive trading decisions. Remember to stay disciplined and stick to your trading plan. Avoid making hasty decisions based on short-term market fluctuations, and instead focus on the bigger picture. By adopting a positive mindset and taking advantage of the current market conditions, you're well on your way to potentially reaping significant profits from BTC. So, gear up, embrace the bullish wave, and let your trading journey be filled with joy and success! If you have any further questions or need assistance along the way, feel free to comment below. I'm here to support you in your trading endeavors.
BITSTAMP:BTCUSDLong
by bryandowningqln
The whales have sold off their holdingsThe BTC market continues to fall, but resistance still exists. From October 2022 to August 2023, the number of Indonesian cryptocurrency investors has never increased by more than 1%, reflecting the downward trend in the global cryptocurrency market. Furthermore, Bapebuti said that the virtual currency transaction value in Indonesia also decreased by 25.2% month-on-month in September 2023 and by 54.7% compared to the same period in 2022. Prior to this, at the end of July 2023, Indonesia's Ministry of Commerce coordinated with Bape Buti to open the first virtual currency exchange (CFX) in this Southeast Asian country to ensure people's safety. Trading cryptocurrency assets. According to Trade Minister Zulkifli Hassan, the launch of CFX reflects the Indonesian government's commitment to providing security to businesses and building a fair ecosystem for crypto asset trading. Zulkifli argued that the new exchange will also provide clear regulations to protect consumers and give them peace of mind when conducting cryptocurrency transactions, thereby contributing to the country's economy and trade.
CRYPTO:BTCUSDShort
by Chart_MasterPro