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Btcusdanalysis

BITCOIN UPDATE: MUST READ!!!I may get a lot of criticism for this, but before you write a hate comment, please read the update carefully. November has been a great month for BTC, with a solid 48% gain, pushing it to a new all-time high. This growth has also benefited altcoins. Currently, BTC is facing rejection, and if it undergoes a correction, we are likely to see levels around FWB:73K –$74k by February 2025. The RSI is already in the overbought zone and is displaying a bearish divergence pattern. The only way BTC can avoid this rejection is by breaking above its new all-time high. I plan to follow this pattern unless BTC successfully breaks above its all-time high. That’s all for now. I hope this helps you make better decisions. As always, conduct your own research and analysis before investing. Thank you!
Short
by Dexter_The_Trader
BTC LONG TP:100k 1 HR 30-11-2024Bitcoin is aiming for 100k on a 1-hour timeframe, with a focus on establishing a long position in the 96,500 to 95,000 range. It's recommended to set a stop loss at 94,000. Please note that the entry points and stop loss are merely suggestions, so feel free to adapt them to your own trading strategy. This analysis will be invalidated if the expected movement doesn't occur within the next 30 hours. Stay sharp and trade wisely! #Bitcoin #Trading
Long
by ReyDragon21
1
Bitcoin Monthly Candle Close Colours since 2011 -UPDATEWe had a lovely November Green candle close, as expected after the sequence mentioned last time I posted this chart, that seems to be following the 2013 - 2017 BTC Fractal. But whats coming in December then ? To date, we have had 7 Green December closes, to 6 Red Of those Red candles, only 2 were Red after a Green November. and they were in 2013 and 2014 and that was the first 2 years after the ATH, in that Bear In the years that I believe we are following, currently 2015 and 2016, The Green November was followed by Green December. This happened in 2023 also. To remind you, The candle colours since August have all matched those years and they are the only years that sequence of colours occurred in those months. So, if we continue to follow, we will get a Green Dec, possibly a new high but Jan is highly likely to be Red, as in 2015, 2016 January 2023 was green but only just as we saw the battle between Bulls andBears fight it out. There are no guarantees here and we will have to wait and see where we go On average, December is a 50/50 shot of either if we look at the basic chart numbers. But if we continue to follow that Fractal mentioned earlier, we can expect Green December but a Draw back in January Time will tell.
BITSTAMP:BTCUSD
by Orriginal
What goes up Must come downHey guys and girls, almost 5 weeks ago, I suggested Oct 23, 2024 (Target = 100k) Oct 27, 2024 (Target = 100k) (As you well know) in November, there was some good news: "Donald Trump won the 2024 election" What happened next? Bitcoin soared nearly 49% (after Trump was declared the winner of the election) (my scenario ---> I sold) What goes up must come down When's the correction? In my opinion, Bitcoin is ending its rally and expectations are shifting to a slowdown and the pressure is more on the devaluation side, What to expect next? (medium term overview- Wave A) To the best of my understanding, I think this chart is not representative of what the real market is. why? Wave 3 = $ 48,500 ( = 3.12 x length of Wave 1) Wave 5 = $ 50,500 ( = 3.25 x length of Wave 1, means there is pressure everywhere, and I mean everywhere) Yes, this chart tells me there is something brewing (there is something there that was not there before) Further targets: $ 90k, $ 87k, and $ 83k
COINBASE:BTCUSDShort
by BTC-XLM
68
Is Bitcoin's Liquidity Index a Reliable Indicator for PredictingBitcoin (BTC) has been making significant strides in recent times, and a new analysis suggests that the cryptocurrency could reach a local top of $102,000 by January 2025. This prediction is based on the behavior of Bitcoin's liquidity index, a metric that measures the ease with which Bitcoin can be bought or sold. The Significance of Bitcoin's Liquidity Index The liquidity index is a crucial indicator of market sentiment and potential price movements. A higher liquidity index suggests increased investor interest and a stronger demand for Bitcoin. Conversely, a lower liquidity index may signal waning interest and potential price declines. Historical Correlation Between Liquidity Index and Bitcoin Price Historical data reveals a strong correlation between Bitcoin's liquidity index and its price. In the past, periods of high liquidity have often preceded significant price rallies, while periods of low liquidity have coincided with price corrections. The 2025 Prediction Based on the current trend of the liquidity index, analysts predict that Bitcoin could reach a local top of $102,000 by January 2025. This projection is supported by the historical correlation between the index and Bitcoin's price. However, it's important to note that this prediction is based on the assumption that the historical correlation between the liquidity index and Bitcoin's price will continue to hold. While this assumption is reasonable, it's not guaranteed. Several factors could influence Bitcoin's price trajectory, including macroeconomic conditions, regulatory developments, and geopolitical events. Potential Correction After the Peak Following the projected $102,000 peak, Bitcoin may undergo a correction to around $70,000. This potential correction could be driven by profit-taking, overbought conditions, or a shift in market sentiment. Factors Influencing Bitcoin's Price Several factors could impact Bitcoin's price in the coming months and years: 1. Macroeconomic Conditions: Global economic conditions, such as inflation rates, interest rates, and GDP growth, can significantly influence Bitcoin's price. 2. Regulatory Environment: Regulatory clarity and favorable policies can boost investor confidence and drive Bitcoin's adoption. 3. Institutional Adoption: Increased adoption of Bitcoin by institutional investors, such as hedge funds and pension funds, can provide significant price support. 4. Network Upgrades: Technological advancements and network upgrades can enhance Bitcoin's scalability and efficiency, attracting more users and investors. 5. Market Sentiment: Investor sentiment, including fear, greed, and speculation, can play a significant role in short-term price fluctuations. Conclusion While the liquidity index suggests a potential $102,000 peak for Bitcoin by January 2025, it's essential to approach this prediction with caution. The cryptocurrency market is highly volatile, and unforeseen events can significantly impact Bitcoin's price. Investors should conduct thorough research and consider consulting with financial advisors before making any investment decisions. It's also crucial to diversify one's investment portfolio and manage risk effectively. As Bitcoin continues to evolve and mature, its long-term potential remains significant. However, investors should be prepared for both upside and downside volatility in the short term.
BITSTAMP:BTCUSDLong
by bryandowningqln
Is it ALT Season soon ? A New ApproachNearly Everyone looks to BTC.D to judge when ALT season starts, and while it is obviously Not wrong to do so, I have Looked at OTHERS.D for a while. alongside BTC.D And this is what I find. But first, a little History lesson. Bitcoin began in 2008 and was obviously The only one. The First ALT coins were mined in 2011 and included LITECOIN and NAMECOIN. ETHERIUM was not created until July 2015 - ETH is NOT the original ALT by a long way but it was marketed better. So, What is OTHERS.D The symbol "OTHERS.D" refers to the "Crypto Total Market Cap Excluding Top 10 Dominance, %" index. This metric is used to track the performance of the cryptocurrency market, excluding the dominance of the top 10 cryptocurrencies by market capitalization. Or the Mid to Low Cap ALTS Previous altcoin seasons have witnessed remarkable surges in various altcoin prices, with some experiencing exponential growth within relatively short periods. Examples of notable altseasons include the bull runs of 2017-2018 and 2020-2021. To the Chart Vertical bold gashed lines are Bitcoin Halving dates Vertical Green dashed lines are Bitcoin ATH dates Green Boxes are ALT seasons that lasted more than a week. We have had only 2 real ALT seasons previously and, if I am honest, it may remain that way. Bitcoin has attained Mass adoption now and Corporate ownership. But Time will tell and the ALT market is still seen as THE money maker. But Bitcoin Dominance has to drop for ALT season to begin - OR DOES IT ? YES - But we can also see how the Lower Caps rise, outside of the ETH based ALTS The REAL ALTS, like LTC Run with this chart And I wan to show you something I have noticed. See the Day count from BTC ATH in Jan 2018 to the Low in August 2019 ( A ) of 608 days From there to the beginning of the next ALT season was 519 days ( B ) From the ATH in Nov 2021 to the Low in Jan 2023 was 577 days ( Aa ) If we project a similar day count for Bb as we had for B, it takes us to --Drum Roll----- NOW ( this is a monthly chart so we need an allowance of error of at least 15 days either way ) Also note how ALT season begins BEFORE BTC ATH And with predictions of ATH in March to Dec Next year, this works out well. BUT I WILL SAY - this is based of only 2 previous occasions and you will also note how much SMALLER the 2nd ALT season was. As I said at the start, Bitcoin is THE Crypro. It will always be number 1 The Multitude of ALTS entering the market have not changed that. But BTC.D just took a fall in the last 24 hours, ALTS Are running Hot right now. ALT SEASON MAY HAVE JUST BEGUN
CRYPTOCAP:OTHERS.D
by Orriginal
2
BTCUSDT trading ideasHi there everyone It has been a long time that I haven't shared any ideas. I have decided to share what I think is more probable to happen and according to your own experience of trading, these ideas could be helpful. all my ideas will be like this one. Key features of the analysis you see are the levels which can be considered as key levels, and by getting confirmation on 4H or sometimes 1H TF, you can have positions taken. So let's get started and follow for more. I am here again. DYOR! Good luck
by peymandolatkhah
5 REASONS TO STAY IN THE CRYPTO MARKETThe end of September aka rektember historically the worst performing month of the year is in sight, and October is fast approaching. 1/ October aka ‘Uptober’ or better to say "Moontober" is historically one of the best performing months of the year and in the past two bull run years October’s have all been green – third time’s a charm? FYI last year we pumped 29% and so many of us ordered Countach 2/ It ain’t just October – Q4 historically yields the highest returns of the year Excited for Uptober? Just wait till we hit No Loss November baaaby! 3/ M2 projections vs. CRYPTOCAP:BTC looking bullish M2 tracks the global supply of money. The more money is in the system, the more of it can flow into crypto. Here’s Bloomberg’s 10week projection of M2 supply (black) overlaid with CRYPTOCAP:BTC ’s current performance (red) 4/ The bull market historically takes off at this point See that white line? That’s the current cycle as you see The crypto market seems to be following historical bull market trends closely. We've experienced a stronger than usual rally ahead of the halving, largely driven by expectations around spot Bitcoin ETFs. However, the post-halving rally has been weaker, bringing the market back in line with typical patterns seen in previous cycles. Potential for Growth: If past cycles are any indication, the market is expected to gain momentum from this point onward. Historically, after a weaker post-halving phase, a significant upward surge is needed to complete the cycle. Cycle Length Considerations: There is evidence suggesting that each crypto cycle is lengthening in terms of duration. This trend may reflect increasing institutional involvement, as longer cycles often point to a more mature and stable market 5/ Rate cuts are here! The Federal Reserve has cut interest rates by 50 basis points in their first rate cut since March 2020.This is now the most unexpected Fed decision since 2009. And lowered rates allow more money to flow into markets over time. and after btc pump we will have sweet alt party so buckle up and be ready for printing money
Long
by moonypto
Analyzing Liquidity Dominance: Key Data Insights The chart provided offers a comprehensive view of Liquidity Dominance within the cryptocurrency market, showcasing pivotal relationships between market activity, trading volume, and liquidity flow. This analysis dissects the chart and explores key patterns, trends, and their implications for traders and investors. Understanding Liquidity Dominance Liquidity dominance represents the proportion of trading volume, capital flow, or liquidity concentrated in specific assets or market sectors. It serves as a barometer for understanding market behavior, as it highlights where capital is being deployed or withdrawn. On my chart, liquidity dominance provides a lens into the dynamics between: Stablecoins (e.g., USDT): Representing safety and risk aversion. Altcoins: Capturing speculative capital. Bitcoin Dominance (BTC.D): Indicating market confidence in Bitcoin versus other assets. Key Observations from the Chart 1. Stablecoin Liquidity Dominance (USDT.D) Current Trend: A noticeable decline in USDT.D suggests that capital is moving out of stablecoins, signaling increased risk appetite among traders. This typically aligns with bullish sentiment in the broader market, as investors allocate funds to Bitcoin or altcoins. Market Implications: If USDT.D continues its downward trajectory, we could expect a rally in cryptocurrencies, particularly in altcoins, as traders seek higher returns. A sudden reversal in USDT.D (spiking higher) could signal market uncertainty or panic, as investors flee to stable assets. 2. Bitcoin Liquidity Dominance (BTC.D) Current Trend: The relatively stable BTC.D indicates that Bitcoin retains its share of liquidity without significant outflows to altcoins. This suggests that while altcoins may rally, Bitcoin remains a primary safe haven for large capital. Market Implications: A breakout to the upside in BTC.D could signal a Bitcoin-led market cycle, often observed during early bull markets. A breakdown in BTC.D could indicate the onset of an "altseason," where altcoins outperform Bitcoin. 3. Altcoin Liquidity (TOTAL2 - Altcoin Market Cap) Current Trend: The chart indicates increasing TOTAL2 dominance, showing growing interest in altcoins. This suggests speculative capital is rotating from Bitcoin or stablecoins into altcoins, likely driven by expectations of higher returns. Market Implications: A continuation of this trend supports the idea of an emerging altcoin season, especially if TOTAL2 outpaces BTC.D consistently. If TOTAL2 stagnates or declines, it may signal profit-taking or reduced confidence in altcoin performance. Key Data Insights 1. Divergences Between USDT.D and BTC.D A strong divergence between USDT.D and BTC.D often highlights market turning points: Bullish Divergence: If USDT.D declines while BTC.D rises, it suggests strong confidence in Bitcoin leading the market, often a precursor to a bull run. Bearish Divergence: If USDT.D increases while BTC.D falls, it indicates risk aversion and capital flight to safety, hinting at potential market downturns. 2. Correlation Between TOTAL2 and USDT.D The inverse correlation between TOTAL2 and USDT.D is a critical marker: As TOTAL2 rises and USDT.D declines, it signals risk-on behavior with a focus on altcoins. If TOTAL2 falls alongside a rise in USDT.D, it could indicate market-wide selling pressure. 3. Price Action Confirmation The interaction of liquidity dominance with price action across key support and resistance zones provides confirmation of market sentiment. Key observations include: Strong resistance in BTC.D coinciding with declines in TOTAL2 could signal a Bitcoin-led consolidation phase. Support in TOTAL2 while BTC.D declines suggests capital rotation into altcoins, supporting a rally. Predictions Based on Current Trends Short-Term Outlook: With USDT.D trending downward, the market appears to be in a risk-on phase. If BTC.D remains stable while TOTAL2 gains dominance, altcoins are likely to experience significant upside. Medium-Term Outlook: A breakout in TOTAL2 above key levels would confirm altseason momentum, particularly if USDT.D continues to decline. However, if USDT.D rebounds sharply, expect market-wide corrections, with Bitcoin potentially absorbing most of the liquidity. Long-Term Outlook: Sustained declines in BTC.D combined with TOTAL2 growth could indicate prolonged altcoin outperformance. Conversely, a reversal in BTC.D dominance with stable USDT.D suggests a return to Bitcoin-led cycles. Strategies for Traders 1. Monitor Liquidity Flows Use the interaction between USDT.D, BTC.D, and TOTAL2 as a guide for market sentiment. Look for divergences between these metrics and price action to spot potential reversals. 2. Align with Dominance Trends If BTC.D is rising, focus on Bitcoin as the primary trade. If TOTAL2 gains dominance and USDT.D declines, shift focus to altcoins for higher returns. 3. Risk Management During periods of rising USDT.D, reduce exposure to altcoins and focus on stablecoins or Bitcoin. Use liquidity dominance trends to time entries and exits at major support and resistance levels. Conclusion My Liquidity Dominance chart provides a powerful framework for understanding capital flow dynamics across cryptocurrencies. The current trends suggest a risk-on environment favoring altcoins, but the stability of BTC.D implies Bitcoin remains a key player. Monitoring these metrics closely will help you navigate market cycles effectively, identifying both opportunities and risks as they arise.
CRYPTOCAP:USDT.D
by Data_Driven_Trading
4
Bitcoin Breaks $97K Resistance: Path to $121K Unfolds!Bitcoin (BTC) has recently experienced a significant pullback to the $90,940 level, which remains above the current support at $89,674 . This retracement has culminated in the formation of a robust inverse head and shoulders pattern, a bullish reversal indicator suggesting a potential upward trajectory. As BTC breaks through the resistance level of $97,273 , our focus shifts to short-term targets of $101,220 and $104,890 , with a long-term objective of $121,000. Inverse Head and Shoulders Pattern The inverse head and shoulders pattern is a classic bullish reversal formation, indicating a transition from a downtrend to an uptrend. It consists of three troughs: the head (the lowest point) flanked by two higher shoulders. The neckline, drawn across the peaks between the troughs, serves as a critical resistance level. A breakout above this neckline confirms the pattern, signaling a potential upward movement. Technical Indicators Supporting the Bullish Outlook Moving Averages: The 50-day moving average has recently crossed above the 200-day moving average, forming a ‘golden cross,’ which is typically interpreted as a bullish signal. Volume Trends: There has been a significant increase in trading volumes since March, suggesting growing institutional adoption and investor interest. Market Sentiment and External Factors The recent U.S. presidential election outcome, favoring Donald Trump, has been perceived as positive for the cryptocurrency market. Expectations of a crypto-friendly administration have bolstered investor confidence, contributing to Bitcoin’s surge. Price Targets Short-Term: Given the current momentum and technical indicators, Bitcoin is poised to reach the short-term targets of $101,220 and $104,890. Long-Term: Sustaining this bullish trend could propel Bitcoin towards the long-term target of $121,000. Conclusion The convergence of technical indicators, favorable market sentiment, and the confirmation of the inverse head and shoulders pattern suggest a strong bullish continuation for Bitcoin. Traders and investors should monitor key support and resistance levels, along with market developments, to make informed decisions.
COINBASE:BTCUSDLong
by insidermike