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Btctrend

Bitcoin broke Pivot Point SuperTrend in 1M first time everBitcoin dominance broke the Pivot Point SuperTrend line in the 1M chart for the first time in history. I'm not exactly sure what this means from a technical analysis standpoint, but considering some basic facts: Bitcoin as a Store of Value: High inflation erodes the purchasing power of fiat currencies, which may lead people to seek alternative stores of value, like gold and potentially Bitcoin as well. This could increase demand and consequently, the price. Role of Institutions: If inflation remains high, institutions might also begin to consider Bitcoin as part of their investment strategy, further increasing demand and price. Additionally, recent news: The inclusion of Bitcoin in exchange-traded funds (ETFs) could affect its legitimacy and general perception in multiple ways: Increased Legitimacy: The acceptance of an ETF would be a sign that financial regulators see Bitcoin as a legitimate and investable asset class. This could boost the confidence of both individual and institutional investors. Increased Liquidity: An ETF usually brings increased liquidity, making Bitcoin more easily tradable. This could attract new investors, in turn, increasing demand and price. General Adoption: The existence of an ETF could facilitate broader adoption since it offers an easier way to invest in Bitcoin without having to store the cryptocurrency. This may make investing in Bitcoin more appealing to a wider range of investors. Therefore, it is possible that Bitcoin's dominance could rise to the level I have envisaged. How long this trend may continue or how high the dominance could go, I cannot say. At least, I would wait for this trend to end before investing in altcoins. Perhaps a mini alt-season is possible when Bitcoin's dominance increase stalls at some point and remains stagnant before another increase.
CRYPTOCAP:BTC.DLong
by herkuljee
Market Symmetry show BTC dipping before pumping to 34kNOTE: Following is interesting stuff but don't take this seriously as this is just for fun. I love market symmetry and use it to make models that predict what certain assets may do next, it works as long as model and symmetry remains intact. Chart is self-explanatory, but still there is a lot going on so let me break it down. This story began on 12th September as you can see on the left most part of the chart. That is when the current uptrend began and BTC started moving symmetrically on several parameters which are described below. 1. Time spent at the lows before making move that breaks Market structure: From 12th September lows to the present lows at 26500 the time BTC consolidated at the lows kept on increasing but in a symmetrical fashion. As you can see in the chart on the 12th September lows it spent 7 bars , on the 24th September lows it spent 16 bars and on the 11th October Lows it spent 23 bars. So, we can deduce a pattern here. 7, 16 , 23 , the next number in the series should be 29. Each number in this series is derived by adding a number from another series 9,7,5,3 .... 2. Time taken from the previous lows to the next highs is constant, that is approx. 30 bars. 3. Percentage move between each low and the next high is also increasing in symmetrical fashion: First move was 6% highlighted in yellow vertical bars, second move was 10%, 3rd Move was 16% , so logically the next number in the series is 24. Each number in this series is derived by adding a number from another series 4,6,8,10 .... Notice the curve shown in cyan color which I have fitted as close as possible to the highs and the lows. So based on this data, we should get out next low on or around 25th Oct and we should spend around 4days consolidating there, then btc should give us an explosive PUMP to 33500 area which is 24% from the anticipated low at 27K on 25th Oct. We can also make following conclusion based on information presented by above parameters: Volatility on BTC has been expanding gradually over time, which is giving us bigger pumps, but we also notice that the time between each high and low remains constant while time spent at the lows increases every time, this tells us that each time the time it will take to pump to new highs will reduce hence giving us increasingly explosive pumps. The target 33500 is also in confluence with the Cyan Curve in the main chart. It is also the measured move of the following large Diamond BTC has been trading in for a long time.
BYBIT:BTCUSD.PLong
by zakoraio
BTC Bears Back in Control - An Opportunity to ShortI am reaching out to share a concerning development in the cryptocurrency market that has caught my attention, specifically regarding Bitcoin (BTC). As fellow traders who understand the volatility of this market, I believe it is crucial to stay informed and seize opportunities that arise. In recent days, BTC has shown signs of regaining control after a period of uncertainty. This resurgence brings both excitement and a sense of caution. While BTC's ascent may seem promising, it is important to approach it with a discerning eye. Considering the current market conditions, I would like to draw your attention to a potential opportunity: shorting BTC. By shorting, we can take advantage of the market's volatility and potentially profit from a potential decline in BTC's value. This strategy can be particularly beneficial during periods of uncertainty, such as the one we are currently experiencing. I encourage you to carefully analyze the market trends, conduct thorough research, and consult with your trusted sources before making any trading decisions. Shorting BTC can be a complex strategy, so it is crucial to approach it with caution and ensure you are well-informed. If you find this opportunity aligns with your trading goals and risk appetite, I suggest considering a short position on BTC. However, please remember that trading involves risks, and it is essential to make informed decisions based on your own analysis and risk management strategies. Let's stay connected and share our insights and experiences as we navigate through these dynamic market conditions. Feel free to comment below if you have any questions or if you'd like to discuss further.
BITSTAMP:BTCUSDShort
by bryandowningqln
BTC Bitcoin Technical Analysis and Trade IdeaObserving the current dynamics of Bitcoin's price movement, we can see a clear uptrend on the 1D time frame. This trend becomes even more evident when we shift our focus to a 4H chart, revealing a compelling bullish trajectory characterized by successive higher highs and higher lows. Presently, Bitcoin has retraced to a strategically significant support level. In our video discussion, we thoroughly examined the prospect of a potential trade opportunity, conducting a comprehensive analysis of various elements including the prevailing trend, price action patterns, and the underlying market structure. It is imperative to emphasize that the content presented in the video is intended solely for educational purposes and should not be construed as financial advice. Our goal is to provide a detailed understanding of market dynamics, enabling viewers to make informed decisions within the realm of cryptocurrency trading.
COINBASE:BTCUSDLong
by fxtraderanthony
5
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