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Btctrading

BTC vs VIX A combined chart between the VIX indicator with Bitcoin and a separate Bitcoin chart (below) and the resulting in front of you: - The built-in BTC/VIX top section shows that yesterday its movement reached the bottom of the trend. - The arrival of the BTC/VIX indicator for the trend every time means that Bitcoin has achieved a bottom. - The strange thing is that this time it is equivalent to major lows: the bottom of 2015-2020 (Corona)-2022. Although the break is monthly and volatility and pressure may continue, it makes clear that this month is August the lowest number that Bitcoin will record before the main high.
BITSTAMP:BTCUSDLong
by NaiF_CHarT
$BTC supply crash: fairy tale, the untold story."Bitcoin price is set to skyrocket in the near future, claims an analyst on X. The analyst pointed out that the supply of BTC on exchanges has crashed." There is this common misconception that because the number of Bitcoins held on exchanges is getting lower every passing day, this will create a supply crash and push Bitcoin to the moon! Actually, if you scratch the surface, the opposite is likely to happen. Historically, after the halving, the division by two of the number of Bitcoins mined has done exactly that. After a period of time, the demand exceeds the supply, creating a massive bull run. But this cycle in 2024, everything is different. Most people only see the superficial aspect: yes, there are fewer Bitcoins available for trading. But what they forget to mention is that in this cycle, a lot of the supply is held by governments and agencies, outside of the market. Let's summarize the situation. As I am writing, there are 2.8M Bitcoins on the exchanges. However, outside the market: - 210,000 CRYPTOCAP:BTC are held by the US government. - 200,000 CRYPTOCAP:BTC are held by Mt. Gox litigators. - 136,295 CRYPTOCAP:BTC are held by an unknown wallet. - 285,105 CRYPTOCAP:BTC are held by GBTC, and many anonymous addresses who can sell at any time. That means at least 700,000 BTC are held by institutions and government agencies and are about to be sold. The big difference with this 2024 cycle is that: - The ones who own these BTC do not care about the price. They are not traders but rather employees with obligations to sell when required. - About 40% of the available supply is not in the market and therefore will have to be sold. Today, CRYPTOCAP:BTC dropped 2%, with about 2,000 CRYPTOCAP:BTC sold on Binance. Imagine if one of these entities sold 10,000 CRYPTOCAP:BTC at once? My point is that the normal CRYPTOCAP:BTC cycle is totally invalidated by this supply of $BTC. Their sale will affect the price of CRYPTOCAP:BTC negatively, at least until the demand catches up. The sale of these BTC might create a panic sell from the ETF issuers, which would wreck the whole crypto space for a while. Conclusion: the supply crunch will not happen. Instead, these institutions will increase the supply by selling their holdings on the market, negatively affecting the price of Bitcoin. It is even possible that the bull market could be canceled if too many of these CRYPTOCAP:BTC are sold, nullifying the halving effect and creating a never-before-seen early bear market.
BINANCE:BTCUSD
by CryptoNikkoid
3
BTC at a Crossroads: Will It Break Out or Break Down?Current Technical Overview: Support Levels: - Immediate Support: $56,000, which aligns with recent lows and a critical support trendline. Resistance Levels: - Primary Resistance: $65,000, near recent highs and an upper boundary of the descending channel. Moving Averages: - 200EMA: The 200-day EMA is acting as a crucial support level. Holding above this level is essential for maintaining a bullish outlook. Volume Analysis: - Decreasing Volume: Indicates a potential breakout or breakdown is imminent. Watch for a surge in volume to confirm the direction. Outlook: - Bullish Scenario: A breakout above the descending channel near $65,000 could lead to a significant rally, potentially targeting $75,000 and beyond. - Bearish Scenario: A breakdown below the 200EMA could see BTC retesting lower support levels around $52,000, $40,000, and $30,000. Conclusion: BTC is currently in a consolidation phase within a descending channel. The 200EMA is a critical support level to watch. A breakout above the channel could signal a continuation of the uptrend, while a breakdown could lead to a further decline. Traders should monitor price action and volume closely for the next significant move. I am in the camp of being a bit more bearish at this stage for COINBASE:BTCUSD
COINBASE:BTCUSDShort
by CryptoFallen
BTCUSD/D Is it an opportunity or a long slide for BTCUSD?Long-term BTCUSD analysis: The drop from the peak of 70000 shows us a new profit-taking zone for Bitcoin. Currently, the selling pressure is still very strong, which also presents a long-term opportunity for holding BTCUSD and Bitcoin. The short-term trading trend remains SELL. Key price ranges to note are: 46000-48000 and 37000-42000. It is predicted that BTCUSD could reach 80000 this year. We should seize the opportunity to buy this long-term BTCUSD. Recommendation: Plan 1: SELL BTCUSD zone 59000- 60000 SL 62500 TP 55800 - 52500 - 49000. Plan 2: BUY BTCUSD zone 47000-48000 SL 45000 TP 52000 - 58000 - 80000 - open. Plan 3: BUY BTCUSD zone 37000 - 40000 SL 35000 TP 45000 - 52000 - 59000 - 80000.
COINBASE:BTCUSDLong
by wetdyerap
Btc Hello traders, I'd like to share my opinion on BTC. As you can see, the price is currently within a 4-hour order block. I have two scenarios: **Scenario 1: Breakout above 62,000$** If the price breaks through 62,000$ sharply and closes above it, with confirmation from candle formations, it could be a good opportunity to buy. **Scenario 2: Breakout below the current zone** If the price closes below the current zone on a higher timeframe, then after completing its pullback, it could be a good opportunity to sell towards the daily order block. **Important Notes:** * **Confirmation:** Always seek confirmation from candle formations and other technical indicators before entering any trade. * **Risk Management:** Implement effective risk management strategies, including stop-loss orders, to mitigate potential losses. * **Market Dynamics:** Remember that market conditions can change rapidly, so stay updated on any news or events that could impact Bitcoin. Good luck with your trades!
CRYPTO:BTCUSD
by somayehbasiri
Btc Hello traders, I'd like to share my opinion on BTC. As you can see, the price is currently within a 4-hour order block. I have two scenarios: **Scenario 1: Breakout above 62,000$** If the price breaks through 62,000$ sharply and closes above it, with confirmation from candle formations, it could be a good opportunity to buy. **Scenario 2: Breakout below the current zone** If the price closes below the current zone on a higher timeframe, then after completing its pullback, it could be a good opportunity to sell towards the daily order block. **Important Notes:** * **Confirmation:** Always seek confirmation from candle formations and other technical indicators before entering any trade. * **Risk Management:** Implement effective risk management strategies, including stop-loss orders, to mitigate potential losses. * **Market Dynamics:** Remember that market conditions can change rapidly, so stay updated on any news or events that could impact Bitcoin. Good luck with your trades!
CRYPTO:BTCUSD
by somayehbasiri
#BTCUSD/H4. What opportunities are there for BTCUSD and Bitcoin?BTCUSD long-term analysis: After establishing a new peak at 70000; BTCUSD has dropped sharply to the previous support area of 63500, where a correction towards 64800-65000 is occurring before continuing the downward trend. There is a high possibility that BTCUSD will form a bottom around 61000-61500 and move back up. Recommended orders: Plan 1: SELL BTCUSD zone 64800-65000 SL 65300 TP 63300-62300-61000. Plan 2: BUY BTCUSD zone 60900-61100 SL 60600 TP 62000-65000-69000.
COINBASE:BTCUSD
by wetdyerap
#BTC/USDT#BTC Bitcoin price is moving in an upward trend on the 4-hour frame since the beginning of the month The price is strongly adhering to the trend line. Now we have a slight breakout downwards. We are waiting for a rebound from it upwards and a 4-hour close above the trend to confirm the rise and respect the trend We have so far stability above the 100 moving average, which supports the possibility of rising We have a retest of the broken downtrend on the RSI indicator Which gives a selling saturation and increases the chances of rising Current price 66320 The target of rising on two targets The first target is 68000 The second target is 69800 The model is canceled in the event of a 4-hour candle closing below 65000
Long
by CryptoAnalystSignal