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#BTC/ETH#BTC #BITCOIN The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well, and the price has reached the upper limit of the channel The price is now $22.40, which is the entry price Targeting the $21.50 area, which is the lower limit of the channel There is a strong resistance point at the upper limit of the channel that supports the decline We have a trend-hop on the RSI indicator, but more declines are expected on it
Long
by CryptoAnalystSignal
Bitcoin - It's THIS SIMPLE ! (⊙ˍ⊙)Bitcoin from the monthly view gives us a very clear indication o where we are in this cycle, specifically compared to the previous cycle. A few points that are noteworthy from this perspective: ❗ Perfect Elliot Wave Theory playing out ❗ Currently in Corrective wave 3-4 ❗ Still making HIGHER lows, still bullish I've said this last year, and I'll say it again now - BTC loves Decembers. This month is notoriously bullish for Bitcoin. It's likely that we spend another few weeks before starting to move in that direction. Also remember that a consolidation under resistance is always a BULLISH sign. Don't miss yesterdays update on SEI, where a good buying zone is approaching: ________________ BINANCE:BTCUSDT
Long
by CryptoCheck-
8
Brace for Bitcoin's Bounce: A Big OpportunityThe price of Bitcoin is moving in a broadening wedge pattern. Recently we saw a flash dump in the market after the unexpected CPI data figures. After this dump, the market is in fear. But this is a good time for accumulation. We have to focus on buying these kinds of dips. Historically we saw the same price pattern in the 2020 COVID-19 crash. BlackRock didn't sell at all, they added more. ETF in and outflows are solid and healthy." So nothing was very scary from the ETF buyer side. The whales added up a mind-blowing 400,000 BTC in just 30 days. That's 2% of the entire supply. It's clear to observe that the "Smart money" hasn't panic-sold, but panic-bought in. Currently, BTC is trading at $59,276. After filling the CME gap at $59,350 - $62,520 the price was rejected from the resistance zone (Green) at $62,581.29 - $63,637.42. We might see the price could test the broadening wedge support line and fill 50% of the wick. Then we see a good bounce in the price, as we told you in our previous video analysis. This week, things are about to get wild. On Tuesday, the Producer Price Index (PPI) data will be released, followed by the Consumer Price Index (CPI) numbers on Wednesday. These reports are likely to create significant market volatility and pave the way for an upcoming rate cut. The inflation data is anticipated to exceed expectations, providing the September FOMC meeting with ample justification to begin cutting rates.
by TheCryptoCity
BTCUSD opportunity to buy backBTCUSD analysis on 12/08/2024: BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity. The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200. Recommended orders: Plan 1: LONG BTCUSD zone 56300 - 56600 SL 56000 TP 57700 - 59000 - 60000. Plan 2: LONG BTCUSD zone 53000-53200 SL 49600 TP 55100 - 57700 - 60000.
COINBASE:BTCUSD
by wetdyerap
4
Bitcoin Sunday Review - Expectations & Trade IdeaBitcoin Price Action and Trade Idea: Analyzing the Current Market Movements In this video, I analyze the current Bitcoin price action and share my thoughts on where the market might be headed next. I highlight key inefficiencies in the market that could present trading opportunities and present a specific trade idea to capitalize on these movements. Whether you're an experienced trader or just starting out, this video offers valuable insights and strategies for navigating the Bitcoin market.
Long
by SerenityEquity
4
BTC: Are we gonna see $70k once again?BTC Price Update: BTC showed a strong rebound from the support level, with a daily close at $61,685. The current price stands at $61,250, reflecting a solid 14% gain in a single day. We are likely to see BTC hitting the resistance level soon, with some minor corrections along the way. I expect BTC to consolidate in the $57.5k to $58k range before rebounding toward the resistance level. If the price experiences some corrections, it could be a good opportunity to accumulate more or re-enter into BTC. Remember, every dip in BTC is an opportunity. Do your own research before investing. Trade safely. Regards, Team Dexter #BTC #Crypto
by Dexter_The_Trader
Bitcoin's Falling Wedge: A Cautious Approach The cryptocurrency market is renowned for its volatility and unpredictability. While technical analysis tools like the falling wedge pattern can offer potential insights into price trends, it's crucial to approach them with a critical eye. Even after identifying a seemingly bullish pattern, several factors warrant caution when considering Bitcoin as an investment. The Falling Wedge: A Double-Edged Sword A falling wedge is a chart pattern that indicates a potential bullish reversal. It's characterized by a narrowing price range with lower highs and higher lows. However, it's essential to remember that patterns are not foolproof predictors of future price movements. They are merely tools to help analyze market sentiment and potential trends. Moreover, the formation of a falling wedge doesn't necessarily guarantee an immediate or sustained price increase. It's possible that the price could consolidate or even decline further before breaking out. Additionally, the cryptocurrency market is influenced by a multitude of factors beyond technical analysis, including regulatory developments, macroeconomic conditions, and investor sentiment. Fundamental Risks Persist Beyond technical analysis, Bitcoin faces significant fundamental challenges. The cryptocurrency's price volatility, energy consumption concerns, and regulatory uncertainties continue to pose risks for investors. • Volatility: Bitcoin's price has historically exhibited extreme volatility, making it difficult to predict short-term movements. While this volatility can create profit opportunities, it also exposes investors to substantial losses. • Energy Consumption: The energy required to mine Bitcoin has drawn criticism for its environmental impact. Governments and regulatory bodies are increasingly scrutinizing the cryptocurrency industry, which could lead to stricter regulations or even bans. • Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains unclear in many jurisdictions. This uncertainty can create legal and operational challenges for businesses and investors alike. Alternative Investment Opportunities Considering the risks associated with Bitcoin, investors may want to explore alternative investment options. Diversification is a key principle of sound investment strategy, and allocating assets across different asset classes can help mitigate risk. • Traditional Assets: Stocks, bonds, and real estate offer more established investment avenues with potentially lower volatility and greater diversification benefits. • Other Cryptocurrencies: While the cryptocurrency market as a whole is volatile, some altcoins may present more attractive risk-reward profiles than Bitcoin. However, thorough research is essential to identify promising projects with solid fundamentals. • Emerging Technologies: Investing in companies or funds focused on emerging technologies, such as artificial intelligence, biotechnology, or clean energy, can provide exposure to high-growth sectors. Conclusion While the appearance of a falling wedge pattern on Bitcoin's weekly chart might be tempting for some investors, it's crucial to maintain a cautious approach. The cryptocurrency market is highly speculative, and past performance is not indicative of future results. By carefully considering the risks and exploring alternative investment options, investors can make more informed decisions and protect their portfolios. Ultimately, the decision to invest in Bitcoin is a personal one that should be based on individual risk tolerance, investment goals, and a thorough understanding of the cryptocurrency market. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research and consulting with a financial advisor is recommended before making investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
BTC Bitcoin Technical Analysis and Trade Idea 👉🔍 In this video, we conduct a thorough analysis of Bitcoin (BTC). Recent data suggests that BTC has exhibited significant bearish momentum. Given this trend, I anticipate a potential retracement, particularly as the price has approached a critical support level. My strategy involves closely monitoring the 15-minute chart for signs of consolidation or sideways movement, which could signal a potential breakout. This scenario might present an intraday trading opportunity, targeting previous resistance and support levels. It’s crucial to understand that these insights are speculative and should not be interpreted as definitive predictions. Accurate confirmation of specific price movements is essential before making any trading decisions, as detailed in the video. The content provides an in-depth examination of the current trend, market structure, and price dynamics, aimed at enhancing your understanding. However, trading carries significant risks, so it is imperative to implement rigorous risk management strategies to mitigate potential losses. 📈🔔
FOREXCOM:BTCUSD
by fxtraderanthony
5
BTC/USDT Wednesday 7th August 2024Morning all, Following on from the posts of Saturday 3rd August you can see that Monday morning brought the correction we were hoping for. Panic in traditional Markets brought the dramatic pullback we wanted. The drop in Cryptocurrencies coincided with the collapse of Asian markets after the Bank of Japan's decision to raise interest rates to the highest level in 16 years. The early indication of this came in the early hours of Monday morning with a significant drop in the Nikkei Index, one of Japan's leading stock indices, which closed with a loss of 12.4% the worst since "Black Monday" in 1987. Alongside this came the extended threat of a U.S. recession, which looks inevitable and ultimately depends on how much further the Federel Reserve can kick the can down the road. The sudden Crypto Market crash wiped out over $600m in leveraged long positions. With chart analysis providing us with the ranges and foresight to act before the fundamentals became apparent, we must realise this is an opportunity and not anything less. With Bitcoin being the underlying driver of all Crypto Assets, we must take notice of the ranges available to us here. You will see that this pullback allowed Bitcoin to trade as low as $48,300 on Monday morning before finding strength to leave a huge wick and close back above the $53,000 support. I don't believe we are 100% out-of-the woods just yet and am open to one more pull back which wicks as low as $44,000 to take out the local low which was just created. With market manipulation needing to be considered, many traders will now be in long positions with 'Stop losses' sitting just under the low from Monday. Either way, anyone that did remove emotion and took them long trades you're now in a good place and ready to move stop losses to break-even if you haven't already.
Long
by ZeroGravityGB