Get started

Btcupdate

BTC Bitcoin Chart PredictionIf you haven`t sold the BTC top: Now you need to know that the summer decline in Bitcoin's price, despite multiple ETF filings, can largely be attributed to the massive selling pressure from several key sources like Mt. Gox, Silk Road, FTX, and Germany. This influx of supply overwhelmed the market, and there simply wasn't enough demand to absorb it. I think that the purpose of these ETFs is likely to stabilize Bitcoin rather than drive its price up dramatically. They're designed to bring more legitimacy and structure to the market. As for the technical outlook, the current formation of a falling wedge could indicate a short-term price increase. However, the expected retracement suggests that any near-term rally might be temporary. Longer term, I think Bitcoin has the potential to break higher, especially with more regulatory clarity and broader adoption. Reaching $80K by the end of the year seems possible, but a lot will depend on macroeconomic factors and the broader risk appetite in the crypto space.
by TopgOptions
BTC, When should we expect reversal? FA: The majority of crypto market participants are currently in a depressed mood regarding the medium-term future of the crypto market as a whole. Such behavior of the crowd says first of all that weak hands are not ready to buy now, and the sawtooth movement, which started since March and has lasted for more than 6 months, puts even experienced participants in a stupor, forcing them to close speculative positions, dump risky assets and expect a further decline comparable to the collapse in the spring of 2020. However, a deeper look reveals several significant trends: A drop in the influx of new bitcoins to exchanges. Since the beginning of the year, the number of new coins entering exchanges has been declining. This indicates that professional investors prefer to keep their assets in their wallets, which means they are not preparing to sell. This factor is traditionally considered to be a bullish sign, as a decrease in supply on exchanges may contribute to price growth in case of renewed buying activity. Increased outflow of bitcoins from exchanges. This sign is also positive and confirms the narrative of asset accumulation by smart capital. It can be seen especially well at the moment of price drawdown: during and after aggressive shakeouts, a surge in coin outflows is clearly visible. Despite the globally passive sentiment, the fundamentals of exchange inflow/outflow suggest that strong hands continue to accumulate while the crowd is perplexed by what is happening. Reduced supply on the exchanges and increased demand from large holdings are creating all the conditions for future price gains, our idea is that the market has been in a reaccumulative phase for the past six months. From a technical analysis standpoint , I anticipate a continued downside for BTC. Two potential scenarios may unfold: 1 - Retest of the 4-hour Order Block (OB): BTC could test the 52,000-54,000 range, followed by a gradual reversal, suggesting a more measured recovery. 2 - Retest of the Weekly Fair Value Gap (FVG): Alternatively, BTC may drop to the 47,300-44,000 zone, which could trigger a sharp "V-shaped" reversal with aggressive momentum driving the price higher, potentially towards new all-time highs (ATH). In either case, monitoring key support and resistance levels within these zones will be critical.
Short
by Almenio
BTCUSDT: IDEA THAT MIGHT RESONATE SOONHello All, Welcome to the quick update of BTCUSDT . We have seen BTC touch the levels of $ 52500 and retrace a bit until $ 58000 but couldn't hold it. We can see it dumping and is currently trading around $56100. The next levels to watch out for are $54700 and $53800 . If this holds, we can see BTC pump again and might make a new high in a few months. Support levels: $54700. $53900, $49600 in the long run. Resistance levels: $58027, $61100, $64000, and $72000 in the long run. Let's wait and see how this pans out. Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES !! This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits. Please like, share, and comment on this idea if you liked it. ScramblerG is always there to help and trade with caution but DYOR.
Long
by ScramblerG
BTC/USDT Short Setup on 4-Hour Chart Bitcoin (BTC/USDT) is currently testing a key resistance level, presenting an opportunity for a short trade. The price has reached a significant downtrend line and resistance zone, which could lead to a reversal and continuation of the bearish trend. This setup aims to target the 52K area, where the next major support lies. Technical Analysis: • Resistance Zone: The chart shows BTC testing a critical resistance zone, marked by a confluence of the downtrend line and horizontal resistance. This area has historically acted as a strong barrier, increasing the likelihood of a rejection. • Downtrend Confirmation: The overall trend remains bearish, with the price consistently making lower highs and lower lows. The current setup suggests the potential for a continuation of this downtrend. • Target: The target for this short trade is the 52K area, which aligns with previous support levels and the next logical area for buyers to step in. Risk Management: • Stop-Loss Placement: Place the stop-loss above the resistance zone to protect against a potential breakout and trend reversal. A reasonable stop-loss could be set above the recent highs. • Risk-Reward Ratio: This trade offers a favorable risk-reward ratio, with a significant potential downside if the price rejects the resistance level and continues downward. Market Sentiment: • Bearish Bias: The market sentiment appears to be leaning bearish, with BTC struggling to break through the resistance zone. This sentiment supports the short trade idea. • Watch for Breakouts: If BTC breaks above the resistance level, it may invalidate this short setup, and the market could see a shift in momentum. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
BShort
by AR33_
#BTC/USD ROADMAP to $93000! Stay Strong, Know the Plan!Hello everyone, first off, stay strong—things are going to improve soon! Many people are confused right now and might get liquidated, eventually leaving the market and regretting it later. But not you! You have access to this information. Take your time to read and understand the current situation fully. Special Thanks to my close friend Adison for the valuable insights he shares with the community and me! Please HIT that follow to stay ahead and like this article if it helps! Key Bottom Ranges to Watch For There are two high-confluence zones to look out for that could signal a strong bounce and an upward move: • 50,521 - 50,901 • 46,216 - 46,930 These ranges represent higher timeframe (HTF) bottoms for the overall HTF trend. There’s a good chance that we could see a reversal within one of these zones, leading to a potential upward move. However, if these levels don’t hold, we might see a deeper extension into the 37.7k - 43.5k range, which is an attractive liquidity zone. But this lower range only becomes relevant if the higher ranges fail to hold. That said, both of the above ranges are strong support levels and could propel the price back to all-time highs (ATH) of 70k - 72k or even higher, potentially reaching 89k - 93k. Currently, we’ve already hit 53,400, a key level that’s holding off a potential sharp drop. If we lose this level, we could see a rapid decline to 3k. (Current price: 53,627) Be prepared! We’ve already touched the 52,550 level, which is acting as major support. If it breaks, the ranges mentioned above become the most likely areas for a bounce, although the 52k range could still hold. However, I’m not counting on it, as we’ve previously sliced right through that level. Additional Market Update: • BTC is up 68% in volume. • ETH is also up 68% in volume. Both BTC and ETH have seen significant buying activity during this dip, especially since yesterday, with most of it happening today. On the lower timeframe (LTF), the market is risky as we’re sitting at the final support zone of 52,550. Being the weekend, when mostly private retail traders are active, there’s a risk that they could get dragged down into losses, with many long positions liquidated before we move higher. LTFs are always tricky, and while volume is still low, pumps are easy. I believe that the 52,550 support won’t hold through the weekend. We’re likely to see the above-mentioned levels by the end of the weekend or early next week. Once those levels are reached, the market should stabilize, bringing a healthier, less choppy environment. So it's just about a couple of weeks. Stay strong don't do anything stupid, I'll come up with more information very soon for trade setups on Altcoins. Stay tuned and make sure you follow me. HIt the like if you like it. Thank you #PEACE
COINBASE:BTCUSD
by Cryptorphic
26
#BTC/USDT Weekly Update! $58k first!#BTC Weekly: Closed red at $54,881. Holding the GETTEX:54K support is a positive sign in the short term. However, the price action seems incomplete, with substantial liquidity sitting around the GETTEX:48K and $43K levels (as mentioned in my previous article on BTC). The key focus right now is maintaining the GETTEX:54K level. If we lose this level on the daily chart with a confirmation candle, expect lower levels to be swept soon. That said, as long as we hold the current level, we could see a retest of $58K to capture liquidity. BTC Daily:- The daily chart looks promising, as the price has bounced off the support, with a confirmation candle printing today. Stay tuned, and I’ll keep this chart updated. Hit that like button and share if you like it. Thank you #PEACE
COINBASE:BTCUSDLong
by Cryptorphic
Bitcoin: Hodlers VS Cruisers VS TradersAnother very outside-the-box trend that I discovered while going down an INTOTHEBLOCK rabbit hole was the Holders' Composition by Time Held leading into the parabolic phase. These CRYPTOCAP:BTC Coin balances are a metric powered by INTOTHEBLOCK that shows ownership distribution over time. What is a Hodler Balance? They are address balances that have held CRYPTOCAP:BTC over a period of one year or longer. These are long-term investors. An increase in this metric shows long-term bullish sentiment. What is a Cruiser? They are address balances that have held CRYPTOCAP:BTC over a period of one - twelve months. These addresses are what we would consider swing traders. The transfer from Cruiser balance to Trader balance can be seen as bearish sentiment and the transfer from Trader to Cruiser can been seen as bullish sentiment. What is a Trader? They are address balances that have held CRYPTOCAP:BTC less than one month. These are short term balances of day traders, bot trading, etc. An increase in this metric would indicate volatility and a potential bearish sentiment in the market. With that being said about the Trader Balance, on 10/22/20 we can see a (+6%) uptick in Trader balances and a (-2%) down in Cruiser Balances showing investors taking profits and trading into the volatility. On 4/20/24, the Trader Balance crossed the Cruiser Balance solidifying this accumulation period. They started closing in on each other at the end of July, Post-Bitcoin Conference w/Trump speech + JPY reverse-carry trade unwinding + Mega Tech FC. Now they have returned the their early July numbers. KEY TAKEAWAY: You will see a flow into TRADERSBALANCE, out of CRUISERSBALANCE AND HODLERSBALANCE when the market has officially accepted we have entered the parabolic phase of this bull cycle. Look for a flow change and TRADERSBALANCE | CRUISERBALANCE cross between 10/8 & 10/22.
COINBASE:BTCUSDLong
by RILOBUYLOW
BTC: Can $50K Hold Strong This Time Around?Bitcoin Update: BTC closed below GETTEX:54K on the daily chart, bringing the price close to the support trendline. As expected, BTC has made a bearish move. What’s next? The $50.6K support, or around $50K, must hold to help BTC rebound and rally. The RSI is attempting to form a bullish divergence; if successful, it could be positive for BTC. For now, all eyes are on the support range between $50K and $52.5K. Hope this helps. Trade safely. Best regards, Team Dexter #BTCUSDT #Crypto
by Dexter_The_Trader
Remember! Remember! The 5th of November!Thursday... the 5th of November 2020... CRYPTOCAP:BTC pumped nearly 7% in one day. We were 30ish days into the parabolic phase of the 3rd bull cycle for #Bitcoin. It was trading at $14,911. The holders had no idea that CRYPTOCAP:BTC would continue to climb an additional 335% over another 5 months, reaching a local ATH of $64,895 on April 14th 2021. Here we are on September 6th, 2024. CRYPTOCAP:BTC dropped to $52,546 or (-3.8%) for the day. Septembers are a sore subject when it comes to financial markets and Bitcoin in particular. Across the Post-Halving years, CRYPTOCAP:BTC will drop -2% historically. Considering CRYPTOCAP:BTC has tested local lows across the 5th and 6th of the last 3 months; July 5-6th low: $53,499 August 5-6th low: $49,050 September 5-6th low: $52,546 (so far) It is almost like someone is trolling the Holders... The focus of this chart is to consider the above and the following. Have we found our local bottom this early in September? ($52,546) How will Bitcoin react to the upcoming 25 bps Fed Rate cut? ($50,000 vs $60,000) Will our price position entering the parabolic phase affect the overall gains over the next 6 months? (90% vs 480%) Where will our new ATH fall next April/May? ($100,000 vs $305,000) Let me know how bearish or bullish you think the future of Bitcoin is.
COINBASE:BTCUSDLong
by RILOBUYLOW
$BTC is showing positive signs. CRYPTOCAP:BTC remains in a massive consolidation pattern due to the ETF pump, which overheated the market on the 1W timeframe. The MACD has reset, and we are currently in a downtrend. However, the chart indicates that we may have reached the bottom at 48k, and we’re starting to see higher lows. The MACD also shows the potential for a cross at 0, which could signal a reversal within 2 to 4 weeks. A new rising pattern is emerging, which could be the foundation for an uptrend reversal. If the MACD fails to cross at 0, consolidation may continue for another month or two, causing further pain for altcoins. That said, we also observe a bullish divergence forming, which is another positive signal. Additionally, USDT dominance is at resistance and could be rejected. In summary: - Possible MACD 1W cross and reversal - Emergence of a rising channel pattern - USDT dominance at resistance - RSI in oversold territory These signs suggest that the market has cooled down and may be ready to resume its upward progress.
by CryptoNikkoid
2
$IBIT Gap Filled As Forecast (New Leading Bitcoin Indicator?)Proof that this works? So far it's 100% accurate. Every single 'Gap' on the NASDAQ:IBIT 4-Hour chart has filled. Refer back to my prior videos showing this, and while this does NOT mean it will continue to work forever... It's certainly a curious anomoly. And likely works based on the same principals as the CME gaps which typically fill 99% of the time (There's still an unfilled gap on the Bitcoin CME at $9750 as I recall). But who's counting. Going forward, I'll be using this as an additional guide to where price may be heading and potentially reversing to, before resuming trent. Like and share this with your other trader friends, as this has been very interesting to monitor!
NASDAQ:IBITShort
by BrettFogle
1
Long on BTC/USDT – 4H TimeframeWe have entered a long position on BTC/USDT on the 4-hour timeframe after the trade was triggered at a key support level. The strategy is to leverage this 4-hour support zone with the goal of targeting the previous high. We will be actively monitoring this trade and making adjustments as the price action unfolds. Key Levels: • Entry: Initiated at the current support level on the 4-hour chart, where buyers have historically stepped in. • Target: Aiming for a move towards the previous high, where the price may encounter resistance. • Stop-Loss: Placed below the support level to protect against further downside risk, ensuring a favorable risk-to-reward ratio. Rationale: This trade is based on the assumption that the 4-hour support will hold, providing a springboard for a move back towards the previous high. The technical setup aligns with a potential bullish reversal, but we remain cautious given the market’s volatility. Risk Management: We will be actively monitoring this position, ready to adjust stop-loss levels and take partial profits as the trade progresses. The focus is on managing risk effectively while capitalizing on the potential upside. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Long
by AR33_
3
#Bitcoin 1D chart updated;CRYPTOCAP:BTC 1D chart; Let's do a general #Bitcoin analysis; Bitcoin hasn't had a daily EMA (50-200) crossover in a little over 11 months. However, if it continues like this, it will experience a Dead Cross cross in a few days. This can also be interpreted as a bearish signal. This intersection does not mean that it will fall 100%, but it is one of the strong signals. Bitcoin continues its downtrend after its historic peak, making continuous lower highs. I would like to draw your attention to the MSS levels; they signal a trend reversal. The last upward trend reversal happened and it hasn't changed to the downside yet. For this to happen, a close below the +OB level of $56000 is required. Then the downside MSS will take place. Following this closely will give you an idea of the possible trend direction. It last tested the $49000 level with a hard pin. This is the OB resistance. We see that this area is working well. I still think that the $48000 level, which I have mentioned every time (unless there is no contrary data), can be retested. However, if there is a close below it, the OB at $42000 and the BPR (Balance Price Range) at $41000, just below it, could be tested. These are not possibilities that I expect, I just want to let you know that these levels exist. In a possible dire scenario, these levels can be targeted to determine entry points.
by ugurtash