BTC - Bullish Weekly BreakWe've just sealed the deal with a new higher high on the weekly time frame.
This is a big deal in my eyes.
From here I would like to see the market re-accumulate into October to set up a trending environment for the rest of the year.
Areas I like are shaded in green. It all really depends how hungry the market is for BTC once we get to each level as to which one will hold and push.
$61K is first up.
Time to tune in.
Btcusdanalysis
$BTC DAILY ANALYSIS. IS THE BIG SHORT AT THE DOOR?As I expected in the analysis dated September 15, the link of which I left below, the price first retreated to 57,000 when it was at 60,000 and then continued its upward movement and reached the extreme supply area by taking the high that I expected to be liquidity.
It is quite normal for the price to slow down in this area. Since the price is currently in the decision phase, taking trades in lower time frames may end up as stop loss. The internal structure is still bullish and I think the demand area that the price is currently in may react upwards. Then, if I see bearish momentum to kick in and an entry model in the 4H time frame, I will look for sells.
Another scenario is using the 70,000 high as liquidity, which is a bit unlikely imo, and then the price falling with a strong bearish momentum. As long as 72000 is not exceeded, and I would expect a daily candle closure above, I think the first range that the price will likely to go is 49000 - 44000.
BTC: The Dilemma of a Breakout or Rejection!BTC Update:
BTC is still struggling to break above the dotted trendline, technically forming a hidden bearish divergence. In my previous update, I mentioned that BTC must close above GETTEX:64K on the daily chart to invalidate this hidden bearish divergence.
At the moment, we are seeing a rejection, and the 100 EMA (yellow line) needs to be held as support. A breakdown below the 100 EMA could likely have a bearish impact on BTC.
Stay cautious and trade safely.
Always do your own research and analysis before investing.
Regards,
Team Dexter
#BTC #cryptocurrency #Altcoins #cryptomarket
$USDT.D chartOne compelling metric to help make decisions when buying or selling crypto assets is the CRYPTOCAP:USDT.D chart (Dominance of CRYPTOCAP:USDT over other assets). Accordingly, the higher the indicator, the more money flows into CRYPTOCAP:USDT from other crypto assets.
Looking at the two graphs, it's hard not to notice a simple pattern: the higher CRYPTOCAP:BTC , the lower CRYPTOCAP:USDT.D , and vice versa.
CRYPTOCAP:USDT.D is currently testing the important level of 5.26%. Accordingly, money will now be transferred from crypto assets to $USDT.
This is a +1 factor, and it's time for a CRYPTOCAP:BTC correction.
If you like the content, become a ❤️ and invite your friends.
4-Hour Chart Analysis: Bitcoin at a Critical PointAlright ladies and gentlemen, we're looking at the 4-hour chart for Bitcoin. You can see in this highlighted red box that Bitcoin is in a tight spot. This is a make-or-break moment. Bitcoin needs to break above that green trendline to head to the moon, or it risks getting rejected and heading down. Right now, you should keep a close eye on the 4-hour chart to see which direction Bitcoin takes. It's not looking great, as Bitcoin has been overextended for the past few days, staying longer than expected. This moment will decide if we're all getting Lambos or heading down the tubes. Stay tuned, and don't forget to hit that like button! If you have any questions, leave a comment below. Have a great day!
BTC, Upctober coming?FA: Credit borrowing has risen as a result of lower interest rates as a response to periods of high market volatility. The rate has historically fallen as low as 0% in such conditions, which in turn further catalyzed money supply growth and inflation. Similar actions by central banks in Europe, China and Japan will cascade into a similar process.
Technical Analysis (TA):
On the monthly time frame, we observe that September’s candle has closed above August's, demonstrating absorption, which is a highly bullish signal. This suggests significant buying pressure. Moving down to the weekly time frame, there’s a noticeable Fair Value Gap (FVG), which could become a target for manipulation in early October. Following this potential liquidity grab, the price is expected to resume its upward momentum, potentially driving it to all-time highs (ATH) or beyond.
Bitcoin (BTC) has been consolidating for over six months, and this prolonged accumulation phase indicates the potential for a strong upward breakout, with targets in the $80,000 to $100,000 range.
#BTC/USDT Weekend Update!#BTCUSDT: Not much is happening—just sideways price action on low volume due to the weekend. Expecting more volatility on Monday after the weekly close.
For now, OB remains untested so be ready if that gets tested, possibly $63k-$64.3k.
It will give us some good entries for scalp and swing in altcoins.
With both the monthly and weekly closes approaching, these will be crucial. We’ll need a few confirmations for the anticipated "UPtober." I’ll be sharing more details on Monday.
Alts?
Alts might be choppy for now, but I expect strong rallies next month.
Remember, dips are for buying!
Have a great weekend folks!
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
BITCOIN in MID-TERM It is expected to go down in the short term (Most likely because negative news may spread soon) for a healthy correction (visiting support and the ascending trend), and then we will see a complementary rise that breaks 70k resistance.
BINANCE:BTCUSDT
BITSTAMP:BTCUSD
CRYPTO:BTCUSD
Was Bitcoin Growth Fake?Bitcoin is now correcting after breaking the important resistance of 65,000 and as long as it can hold at 62,000 and 59,000 there is no need to worry.
Therefore, we can hope for a green tomorrow for the cryptocurrency market, but in any case, it is better to be careful and take small and safe steps.
Bitcoin BTC Price correction, confirming support. Wedgeimgur.com
Pretty sure this graph shows the wedge pattern pretty clearly. It will come back down to test support, before a massive rally. likely to 85-95k before Mid December.
December will be the peak before massive correction.
- All this is predicated on no Black Swan event. (nuclear or ET global events)
Bitcoin analysis today The possibility of correction How to enteBitcoin finally managed to reach the important and psychological price of 65,000.
Upon reaching this range, it is natural for some people to save and profit, and it is natural for loss limits to be activated in this range.
Therefore, we can have the possibility of correction from this support range, especially with negative divergence.
In this analysis, as shown in the chart, the support ranges were determined and its possible movement was also investigated.
BULLISH September !!Hello guys, after 2 months of agressive downtrend we are seeing some bullish signs. In previous TA IDEA I was looking for claiming 54200(BTC broke even this lvl ). Because of high volatility it was impossible to catch the lows. But last 7 days we are seeing successful retesting and holding supports. Next lvl to watch is between 0.618 and 0.786 ( 60k TO 62,5k). I really like to watch at liquidation heat map and there is accumulating a lot of shorts between 59k -67,5k. I believe these levels will be claimed in next couple of weeks ( months)!!Good luck !! Keep it green!!
$BTC update, raising channel up to 65k?CRYPTOCAP:BTC has reversed after dropping to GETTEX:52K (falling channel in orange) and is now recovering on the 1D chart. On the 1W chart, there is also a sign of reversal and RSI too.
My forecast is that before taking off, CRYPTOCAP:BTC will strengthen within this rising channel (in blue). There's strong support at $47- GETTEX:48K , which should hold.
Based on the RSI and MACD curves, the uptrend should continue until it reaches the resistance at $67-$68k. Afterward, I anticipate a more severe correction, but the price should remain within the rising channel for some time.
The parabolic phase hasn't started yet, so I expect another drop to the bottom of the wedge before the next big move begins.
I will update this idea as it develops.
Most of my previous ideas have been accurate, so feel free to check them out and follow me for more forecasts.
Bitcoin Approaching Critical Resistance: Will It Break 66,200?We're now using the 4-hour chart. Bitcoin had a strong rally yesterday, approaching resistance at 66,100. It almost reached that level before pulling back slightly, falling just short. For Bitcoin to show bullish momentum, it must break through this resistance. My 50 EMA is still green, indicating that Bitcoin remains bullish. Once it turns white, it signals a downward move. As for the MACD, it recently touched 300, which suggests Bitcoin could decline in the next few days. However, the chart still indicates that Bitcoin may have another leg up. I believe $66,200ish could be the final push for Bitcoin, but if it breaks through that resistance, we could see it move even higher. Stay tuned for updates! If you enjoy this content, please hit the like button.
Wyckoff accumulation Schematic 2 setting up in the market:My thoughts on the crypto market looking at the HTF to the LTF setups playing out in these lows in altcoins.
Im thinking we capitulated into HTF key demand levels and SSL in August for the august monthly candle leaving a large downside range in most pairs creating the sellers climax (SC) event with huge volume nodes and wicks, starting the initial phase of the accumulation process in this local range and stopping the previous trend.
We have then ranged further and reaccumulate in the August candle in key levels creating the AR, ST and UA events in the range. Then as we moved into the September monthly candle where we failed to run the august lows with the ST event in phase b, as seller volume droped off as price tests the range lows indicating a lack of sellers after the SC event, giving us a possible wyckoff accumulation model 2 taking place as shown in the schematic below.
In turn leaving SSL intact on the august lows below $49,500 which we may not run, whilst people expect another sweep lower to take the LTF range lows, not realising its a potential accumulation range setting up in a larger overall range from the capitulation, without the need for an external LQ sweep to the lows again.
Im seeing a lot of coins following last points of support in accumulation structures on the LTF in key levels, flipping LTF bullish on the daily and now pushing higher.
Im thinking we see a possible expansion set up for October Q4 out of the lows in line with LTF bullish structure, going from LTF bullish accumulation following last points of support (LPS) into new HTF bullish structure as we come into Q4.
Thats kinda how im seeing the market set up right now and im leaning towards not seeing a further crash lower into new lows and the prior August lows for the most part just yet and more so towards this being an accumulation range with a pullback to LPS before a new bullish move higher into ATHs
#BTCUSD 1HBTCUSD (Bitcoin / US Dollar)
Timeframe: 1-Hour (1H)
Pattern: Channel
A horizontal channel pattern has been identified on the 1-hour chart of BTCUSD. This pattern is defined by two parallel trendlines, with the price bouncing between the upper resistance and lower support levels. The channel suggests that Bitcoin is trading within a range, with neither buyers nor sellers gaining full control, leading to stable price movement within the channel.
Forecast: Buy Within the Channel
The current forecast suggests a buying opportunity within the channel, particularly as the price approaches the lower boundary (support). Traders can look to enter long positions near the support level, aiming for the upper boundary (resistance) as a target. The pattern indicates potential profits through buying low and selling high while the price remains contained within the channel.
Technical Outlook:
Support Level: The lower boundary of the channel, where buyers are expected to step in and push prices higher.
Resistance Level: The upper boundary of the channel, which may serve as a target for bullish positions.
Key Levels to Watch: Look for bounces off the support line to confirm bullish entries, with resistance levels as the target.
Traders should be cautious of a potential breakout from the channel, which could shift market direction. Confirmation through bullish candlestick patterns or an increase in buying volume near the support zone would be ideal for entry.
As always, be mindful of Bitcoin-related news or regulatory changes that could cause sharp price movements and influence the validity of this channel trading strategy.
BTC Daily Idea - Land and Sea IndicatorThursday 26th September 2024
BTC Daily Land and Sea
BTC has completed at TD 7 count flipped to a red 1 then to a new TD Green 1.
The bottom of the L&S bands has crossed above the MA's, which indicates downside is coming. But since it has flipped green and it might be a shallow dip to the MA's at ~$61k USd before another bounce up to test FWB:65K to FWB:67K before we get a L&S correction where the bottom band crosses below the MA's and the BTC price follows down to TD support at ~$56k USD.
Fib entry points indicate
$58,355
$56,308
$53,377
I do not see it going any lower than this, unless there is shock reactions to announcements in the lead up to the US selection or further conflict escalations in the middle east conflicts with IxxxHell instigating and agitating its neighbours and humans within its borders.
Also note Blackrock analyst announced that he see's BTC as a "risk-off asset"? Therefore a safehaven asset!
Sail the high seas and stay vigilante Crypto Pirates.
Peace in the Middle East.
f.society, f.police, f.govt, f.politicians.