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Btcusdanalysis

Bitcoin September 17th 20241. Price Action (Candlesticks): Current Price: The price is hovering around $60,141.67, as indicated by the highlighted value. Recent Trend: The candlesticks suggest that Bitcoin has been in a sideways trend for the past few weeks. The price seems to be bouncing between support at around $52,500 and resistance at $66,000. Downward Correction: After hitting the recent high around $66,000, a correction seems to have taken place, as indicated by multiple bearish candles. However, Bitcoin hasn't broken down into lower support levels, suggesting a consolidation phase. 2. Moving Averages (MAs): White Line: The white line appears to be a long-term moving average (likely a 200-week moving average), which is far above the current price. This implies that Bitcoin's price is still significantly below its all-time highs and could indicate a potential upward target if a bullish trend resumes. Yellow Line: The yellow line could be a shorter moving average (possibly 50-week), which is closer to the current price and appears to be acting as resistance in recent weeks. Interaction with MAs: The current price is struggling to stay above the shorter MA (yellow), which suggests that Bitcoin may face more selling pressure if it fails to hold support above it. 3. Indicators: MACD/RSI at the Bottom: The red and green indicator at the bottom seems to be either an RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence). The red shaded area indicates a bearish trend, while the green shows a bullish trend. Since the red is dominant and the indicator is trending downward, this points to a period of bearish momentum. The RSI, if that's what the indicator represents, looks to be below the midpoint (around 50), suggesting that Bitcoin is not in overbought territory, but also not deeply oversold. It signals weak momentum in the recent period. 4. Support and Resistance: Support: There is solid support around the $52,500 level, as seen in previous price action where Bitcoin bounced several times. Resistance: The $66,000 level seems to be a significant resistance, as price has failed to close above it in recent weeks. Breakout/Breakdown Potential: If the price breaks below $52,500, we could see a deeper correction, potentially testing lower support levels (around $40,000 or even lower). Conversely, if it breaks above $66,000 with strong volume, Bitcoin could head toward $74,000 or beyond. 5. Volume: The volume data is not visible in this screenshot, but low volume during this consolidation phase would indicate indecision or a lack of strong buying interest, while increasing volume on upward moves would signal potential breakouts. 6. Longer-Term Outlook: The long-term moving average (white line) remains above the current price, indicating that Bitcoin's overall long-term trend is still upward, even though there's short- to medium-term bearish pressure. If Bitcoin can hold the $60,000 range and break the $66,000 resistance, it could retest the highs and continue its uptrend. However, failing to do so might signal a longer consolidation period or even a deeper correction. Summary: Bitcoin is in a consolidation phase after a recent correction, with key support at $52,500 and resistance at $66,000. Momentum indicators suggest the trend is currently weak and slightly bearish. A breakout above $66,000 could lead to a continuation of the uptrend, while a breakdown below $52,500 would signal further bearish action. This chart presents a critical moment for Bitcoin, where the market is waiting for a decisive move in either direction.
INDEX:BTCUSD
by ILL_Midas
NQ-SP500-NKD-BTC, The wave has startedCME_MINI:NQ1! BINANCE:BTCUSD CME_MINI:ES1! CME:NKD1! The wave has started. It's slow, and choppy as they move through the time frames, so if you play the longer time frames, be patient. If you play the shorter time frames, ensure you take profit along the way so you're not chopped up Video covers – NQ – SP500 – NKD – BTC ES (S&P) – 100 pt price blocks (Bold Yellow Lines) NQ (Nasdaq) – 500 pt price blocks NKD (Japanese Market) – 1000 pt price blocks BTC (Bitcoin) – 5000 pt price blocks Legend Bold Yellow Lines: Top and Bottom of Price Blocks Dotted Blue Lines: 50% of any Price Block White Solid Line: 20 EMA Yellow Solid Line (not price block): 50 EMA Blue Solid Line: 200 EMA Method: Follow the MACD and the 200 EMA. Generally speaking, if the MACD is negative or heading negative, the price should be below the 200 EMA or heading below it, and visa versa, as it goes up to go positive, so should the price, and you should be targeting a price (at a significant level – price block) above the 200 EMA.
CME_MINI:NQ1!Short
by The_GoldFinch
You might be too optimistic about #BTC!Investors are hopeful that risk assets like Bitcoin could see strong gains if the Federal Reserve cuts interest rates by 50 basis points instead of the previously anticipated 25 basis points. However, Bank of America (BofA) urges caution. They recommend not overreacting to any initial market reaction after the Federal Reserve's September meeting. According to BofA, the real focus should be on the Fed’s dot plot, which could have a bigger impact than the actual rate cut. BofA expects the Fed’s dot plot to show higher interest rate expectations than what the market is currently predicting. Despite this, they believe Fed Chair Jerome Powell will maintain a more cautious, or "dovish," tone in his comments. What is the dot plot? The dot plot is a chart that shows where each Federal Reserve member thinks interest rates will be in the coming years. Each dot represents one member’s view. It's a useful guide for understanding where the Fed members sees interest rates in the future.
BLACKBULL:BTCUSD
by BlackBull_Markets
BTC Bitcoin In-Depth Analysis and Trade Idea👀 👉 Navigating Key Market Levels with Bitcoin Bitcoin (BTC) has broken market structure to the upside. On both the daily and 4-hour charts, we see a pullback into equilibrium, offering a potential buying opportunity. In this video, we dive into market structure, price action, and, most importantly, the trend. We also discuss how smart money has been targeting stop losses recently. The goal is to set up a trade that minimizes the risk of a stop run without compromising our risk-to-reward ratio. *Disclaimer: The information shared in this video is for educational purposes only and does not constitute financial advice. Always perform your own analysis or consult a financial advisor before making trading decisions.* 📊✅
Long
by fxtraderanthony
2
BTC: Aiming for $67k-$68k!BTC Update: Bitcoin is moving as expected. Yesterday, it made a sudden drop but quickly recovered. The current price of $58.1k needs to move strongly to continue the rally. The RSI continues to gain bullish momentum and still has room to grow. The target of FWB:67K -$68k remains unchanged. I'll provide updates on the altcoins shortly, so stay tuned. If you have any requests for specific altcoins, let me know in the comments or via DM. Regards, Team Dexter #BTC #CryptoInvestor
Long
by Dexter_The_Trader
NQ - SP500 - NKD - BTC Coming Week(s) - BearKey Points: Video covers – CME_MINI:NQ1! - CME_MINI:ES1! - CME:NKD1! - BINANCE:BTCUSD ES (S&P) – 100 pt price blocks (Bold Yellow Lines) NQ (Nasdaq) – 500 pt price blocks NKD (Japanese Market) – 1000 pt price blocks BTC (Bitcoin) – 5000 pt price blocks Legend Bold Yellow Lines: Top and Bottom of Price Blocks Dotted Blue Lines: 50% of any Price Block White Solid Line: 20 EMA Yellow Solid Line (not price block): 50 EMA Blue Solid Line: 200 EMA Method: Follow the MACD and the 200 EMA. Generally speaking, if the MACD is negative or heading negative, the price should be below the 200 EMA or heading below it, and visa versa, as it goes up to go positive, so should the price, and you should be targeting a price (at a significant level – price block) above the 200 EMA.
BINANCE:BTCUSDShort
by The_GoldFinch
BTC on daily timeframe Based on the analysis provided for BTC in the daily timeframe, where it's indicated that BTC is currently in a range post reaching $74,000, and as long as it remains above $49,000 in higher time frames, signaling a bullish trend, the recommendation is to consider purchasing BTC around $57,000 for a potential new higher high. For this strategy, whether you are holding or actively trading, here are some key points to consider: 1. **Key Levels**: Monitor critical support at $49,000 and the previous high at $74,000 to identify potential entry and exit points. 2. **Risk Management**: Implement effective risk management strategies, such as setting stop-loss orders, to protect your investment and manage risk prudently. 3. **Confirmation Signals**: Look for additional confirmation signals from technical indicators or price action patterns to validate the buying opportunity near $57,000. 4. **Market Awareness**: Stay informed about market dynamics, news events, and factors affecting BTC's price to make well-informed trading decisions. By integrating these elements into your trading approach, you can refine your strategy and potentially enhance your outcomes in the volatile cryptocurrency market. Best of luck with your trading decisions!
COINBASE:BTCUSDLong
by somayehbasiri
Bitcoin Nearing Critical Resistance at $60,800 What Comes Next?Alright, ladies and gentlemen, we had a strong day for Bitcoin, with a solid move to the upside, indicating positive momentum from the bulls. However, Bitcoin is now facing strong resistance at $60,800. If it breaks through this resistance level, we could see a push all the way up to $64,800, which is the next major resistance. However, it's more likely that Bitcoin will hit this resistance and pull back to around the $58,700 area. As I’ve mentioned before, we’re not out of the woods yet. There's still downward momentum, and I’ll keep you updated in the coming days and weeks.
Short
by CryptocurrencyWatchGroup
what is happening to BTC right now ?! 🐺 "Hello, KIUCOIN family . I hope you're doing well. 🐺 In this analysis, I've decided to explain what's likely to happen to the BTC price in the immediate short term and the long term. Be sure to stay tuned with me until the end, as it's going to be mind-blowing." 🤯 "First of all, let's examine the monthly chart. In my opinion, this is one of the best timeframes, especially for this analysis, because it reveals extraordinary price targets. Let's dive into it : As you can see on the monthly chart , BTC is between two uptrend curves that have acted as support and resistance since 2015 . These curves are fairly strong, justifying their classification as strong support and resistance lines on the monthly timeframe. As you may already know, the higher the timeframe we examine, the more accurate results we can achieve. Therefore, the patterns on the monthly timeframe are much more accurate than those formed on the daily or even the weekly timeframe. In this case, we have a clear and perfect bullish flag pattern . This is a bullish pattern, and its main target, which aligns with our resistance line, is around $165,000. 🔥🐺🚀 So let's reveals more details for you dear 🐺KIUCOIN🐺 family : In the chart above, on the weekly timeframe, we have a clear AB=CD pattern . This is a well-known pattern in harmonic trading and, in my opinion, is quite accurate. Seven out of ten times, these patterns reach their targets, making them a valuable tool for traders . So I think there is another secret reason for us to pay attention to it : BTC.D As you can see in the chart above, BTC.D is currently within a symmetrical triangle, which could also be considered an ascending triangle in this case. It appears to be on the verge of breaking out. In my opinion, if BTC.D breaks through this resistance level, it could be incredibly beneficial for the BTC price , potentially leading to a significant rally up to $165,000. However, this could also be challenging for altcoins and ETH . While they might also experience pumps alongside BTC, these pumps are likely to be less substantial. After such a BTC-led rally, we could expect a massive altcoin and ETH season. So, stay tuned with me until that time, as we could potentially make life-changing money together during this market cycle. Now finally it's time to take look at the lower time frame : As you can see on the daily timeframe , if BTC breaks through the orange resistance line , we could consider entering a long position with a target of the previous all-time high. You could also take some profits at a predetermined level and set your stop at the entry point to protect your initial investment. The remaining position could then potentially continue to generate profits, leading to a higher target of $165,000. I hope you enjoy this idea dear KIUCOIN family , also always remember : 🐺 Discipline is rarely enjoyable , But almost always profitable 🐺
INDEX:BTCUSDLong
by Kiu_Coin
Bitcoin Set for Explosive Breakout? Bitcoin Set for Explosive Breakout? Key Levels and Fibonacci Circles Point to $88K! Looking at the current Bitcoin chart, the price is positioned close to the 200-day EMA, and the Fibonacci circles seem to be indicating a potential pivotal movement. We've recently completed a corrective wave (C) in the Elliott Wave cycle, and we’re likely entering Wave 1 of the next bullish cycle. If this wave progresses positively as expected, we could see a break back above the 200-day EMA. Historically, once Bitcoin finds support above this key level, the price action tends to be explosive. A return to $70k, which represents the top of the horizontal triangle, is within sight. Additionally, the measured move from this triangle suggests a target as high as $84.5k. Supporting this view, the 1.618 Fibonacci extension level, derived from the recent high of around $74k and low of about $49.8k, projects a potential upside near $88k. If the price follows its typical trajectory and the Fibonacci circles align, next week could see significant bullish momentum for Bitcoin. The intersection of these technical factors creates an exciting outlook for a possible breakthrough into higher levels.
BITSTAMP:BTCUSDLong
by Calzolaio