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Btctrading

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
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
BTC 1H Comrades, Bitcoin is suffering between $28,500 and $27,150. This analysis is in a one-hour time frame and only gives you a view of a maximum of two days. Well, in this area, you can short in the upper areas and long in the lower areas with specific stops and targets Now, if one of the areas is broken, it can move in that direction. I think it will probably break above 60-70% and fall one time frame above the supply area. If you want not to trade in the opposite direction, be careful in taking short positions
by chzmahdi84110913
Accumulate BTC with ETHHere is the game to play. ETHBTC is one of the less risky trades in the very risky crypto space. ETH and BTC are both long term winners (likely, not guaranteed). If I go wrong with this trade, I don't care, sooner or later the price will recover - no matter if I am in CRYPTOCAP:ETH or in $BTC. Right now ETH is trading for 0.0587 btc. It has been dumping down to the upper band of the green demand zone. It might bounce here, but I am not sure - because of the magnetic attraction of the red trend line. A dump down to the confluence of the lower demand zone area and the red trend line followed by a reversal and increased volume would make me mid term bullish on ETH. I would sell some BTC for ETH and buy BTC back when ETH is back in the 0.07 btc zone. NFA.
by NonComposMentis