Btcusdanalysis
BTCUSDT - RangeBTCUSDT is actively trading in a RANGE.
It is recommended to stay out of trading ranges as the unpredictability is high in ranges, as it's ACCUMULATING for sharp high volume move.
The plan of action is one of PATIENCE, if you enter too early it's not a strategy it's a GUESS, and we do not do that around here.
PATIENTLY wait for a breakout either buy side or short side and tailor your entry based on how the market reacts.
Bitcion FIB Retracement LevelsMy dear friend and fellow trader, I am writing to you today with great joy and pleasure.
We are currently looking at what can only be described as the most interesting, intriguing, and surprising technology of our time. This is the chart for Bitcoin.
1) Since March, BTC has been experience lower highs, as well as lower lows.
2) Since March, the highest volume in a single session has resulted in major selling.
3) Since March, there has been strong selling pressure each time Bitcoin tried to move up, and 70K became a major barrier in late July while 65K ended as the latest lower high.
Final fall? Bitcion Review #BTCAfter the last fall, you entered the zone of interest. Now, we are likely to go to the white box, from which we will see the final movement down and the subsequent impulse with the renewal of new tops or without dipping into the zone of 54-56k.
I look at the market extremely positively.
-Because everything is down right now -
Altcoins
-We've held the Bitcoin level.
-In a few days, it's September.
-Markets rise on fear.
Best regards @Forexcryptowithjohn
BTC, Let's keep it simple shall weAh, the crypto jungle, where even the bears like to dance! 🕺 So, here we are, staring at a mature bear flag on the daily chart like it's that ex you thought you were over, but they just keep showing up. And if this bad boy breaks down decisively, we're careening straight into the “Oh No Zone” with a potential target between 45k and 48.8k.
And what's this? A Death Cross? Sounds like a rejected name for a 90s metal band, but here it is, grimly reminding us that sentiment is shifting faster than a squirrel on a sugar rush. 🐿️
Now, while retail investors are nowhere to be seen (probably hiding under their beds), the whales are out there doing what they do best—hoarding like it’s Black Friday at a crypto sale. 🐳 And of course, rate cuts are looming like your landlord when rent's due, which in crypto-speak means bearish first, bullish later. It's like being told your rollercoaster ride is delayed but, hey, there's a free ice cream at the end! 🎢🍦
Meanwhile, Gold is out there flexing at an all-time high, giving Bitcoin the cold shoulder like it's a high school crush that just found a new date to the prom. And Bitcoin dominance? Still strutting its stuff, leaving altcoins to suffer in silence.
Over in the ETH/BTC corner, things are looking as bearish as my last attempt at a diet—good intentions, but no follow-through.
Good News? Who Cares!: Good news hits the market and... nothing happens. At this point, it’s like shouting into the void: “BTC ETF occurred! ETH ETF occurred! Halving occurred!” And the market’s like, “Meh.”
🇺🇸 All eyes are on the US Presidency coming up in 2 months. Until then, it's like waiting for your blind date to arrive—highly uncertain and probably not going to end well.
Yet, here I am, my degenerate self, telling you this might just be the perfect recipe for a great bull market! 🍲
But let's be real—experience tell me that caution is advised.
That's it, that's the idea - Good night
BTC Higher Timeframe Outlook 70k Next -> Then 32kIn this video, I break down the market from a top-down perspective, analyzing from higher timeframes down to lower timeframes. I carefully frame key Points of Interest (POIs) to help identify potential trading opportunities.
Additionally, I share a specific short-term trade idea with detailed entry, exit, and risk management strategies. My first target is set at 70k, followed by 32k, and I explain the reasoning behind these levels. Watch to get a clear understanding of the current market structure and actionable insights for your trading journey.
Is my analysis correct about bitcoin- Fx Dollars - {31/08/2024}Educational Analysis says Btcusd Bitcoin may move in this range for some time according to my technical.
Broker - Bitstamp
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the 1-week time frame is bullish and breaks the previous higher time frame highs.
Let's see what this pair brings to the table for us in the future.
Please check the comment section to see how this trade turned out.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
BTC / BITCOIN🔍 BTC/USDT Analysis: Weekly Timeframe 📉
The BTC/USDT chart on a weekly timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view.
• September 16, 2024 - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating BTC or entering long positions.
• J anuary 13, 2025 - Red Line: This time marks a potential local peak, signaling a possible moment to reduce exposure or take profits.
• July 26, 2027 - Red Line: Another potential local peak, suggesting a moment to consider exiting positions before a downturn.
When working with this weekly timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.
Note: The exact timing of these phases can vary by +/- a few days. All times are based on UTC-7 (Los Angeles).
BTC / BITCOIN🔍 BTC/USDT Analysis: 4-Hour Timeframe 📉
The BTC/USDT chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. These signals should be analyzed in conjunction with higher timeframes for a comprehensive market view.
• August 31, 2024, 21:00, September 7, 2024, 17:00 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn.
• September 3, 2024, 13:00, September 15, 2024, 01:00 - Green Lines: These times indicate potential local lows, offering favorable conditions for accumulating BTC or entering long positions.
When working with this 4-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Friday Market Update - $IBIT, $BTC, $DXY and $SOL ForecastHere's a quick update to the video I posted last week showing a final unfilled Gap on the 4-Hour NASDAQ:IBIT likely pushing price down (We're NOT sure yet how this is correlated, other than the BIG money is playing with Options / Futures and now the NASDAQ:IBIT , which makes Bitcoin a Wall Street product now essentially.
My targets on Bitcoin now are $57k and I'm thinking we may even see a 'news driven' selloff to the $50k - GETTEX:52K range into our buy blocks as shown here.
"Show me the charts, I'll tell you the news" is one of my mantras, and with everyone thinking we go higher here, I'm thinking we have one more shakeout to wipe out some longs.
Last week a well-known short posted that he 'gave in and the Bulls Win' showing his $2.5M loss.
Think the games are over? I think not.
So I'm mostly out of the market, holding some SOL and planning to DCA buy lower at levens I mention in the video.
I also dicuss the DXY bounce, Total Market Cap, and why this weekly candle close is important.
Apologies -- the recording stopped when I tried to update one of my alerts, and I have a Labor Day party to finish planning so no time to-record it.
Have a great weekend everyone, and let's see what Tuesday brings when the big Wall Street traders get back from summer vacation and start putting wall-street money to work.
Even if This Isn't Distribution, Consolidation Could Take MonthsJust popping in for a quick Bitcoin update. Though cycle proponents will be quick to point out that Bitcoin is way ahead of where it "should" be, price wise compared with previous cycles, it's still struggling to maintain a new all-time high despite supposed institutional interest. People who have been in the market for years are starting to want out, expressing the sentiment that this is going to be their "last cycle." Meanwhile, stocks are significantly up since their last all-time high and some high-performers like Nvidia have well outperformed Bitcoin over the last few years. Bitcoin's price currently looks like consolidation after an explosive move up from the bear market lows near $15.5k. It's taking so long that price is beginning to drift below all the major daily moving averages. Ethereum is really looking quite weak, having retraced all of this year's gains and broken below a major long term trendline.
On my Bitcoin chart, price is hanging out below the large broadening support, dating back to fall 2022, now almost two years ago. It's below all the major daily moving averages, representing current weakness. Seller volume remains generally high in this range.
I drew a secondary trendline and another broadening pattern, this one pointing down. Historically, this can be a bullish pattern. Even if it is, there appears to be plenty of room structurally for more sideways movement into the fall. The pattern comes to completion by the end of the year. This is an example of what I'm thinking, for bullish and bearish options:
Bulls hope that consolidation this long produces a major move up, perhaps all the way to $300K + and to the top of the broadening pattern. This sounds crazy, but it's roughly the same magnitude of price increase as the last bull marker. Though, due to diminishing returns, this does really seem unlikely. Of course, this is a lot of foo-foo guesswork, but understanding charts visually has always been how I like to roll. Fundamentals are then also important.
On the bearish side, a breakdown from these patterns could easily send prices back below $40k. Let's see how things play out! I'm still betting on crypto largely becoming a forgotten "industry" due to lack of authentic utility and therefore little fundamental value. Even though ETFs exist, ETFs exist for many things. I don't think investors are necessarily prepared for the slow fade, where Bitcoin and other cryptocurrencies remain niche and their value starts to decline over time. I'll easily be proven wrong if prices sustain new all-time highs.
Thanks for reading! I'll provide updates when I can. This is clearly speculative and not meant as financial advice.
-Victor Cobra
Montly Bitcoin Monthly close colours since August 2011Please find the monthly chart i have been posting on Trading View and X ( not for much longer) and now on PRIMAL on NOSTRA,the new World.
The Monthly Close Colours of Bitcoin since August 2011.
These historical sequences can normally lead to an understanding of "Flow".
However, I do feel things have changed a little, even though the ETF's are a small % of the total Bitcoin Market, there is influence.
So, The hope was that this month would close GREEN as in the past, this has been a the case during a bull run, or lead up to it, after the previous months sequence of colours.
This month will close RED it seems and There have been 3 occasions with a Green July followed by a Red August and 2 of them had a Red September following.
All 3 occasions could be said to have been in a BEAR.
HOWEVER, I have said before and I will say it again, PA seems to be following the 2013-> 2017 run and the 1st one of these 3 occasions was in August 2015, when the candle closed red after months of near static Range PA, as we have just had,..The following September was a small green candle but we then carried on to the 2017 ATH.
( August 2016 also closed RED with a Green September following.)
Interesting days ahead as I also have a number of charts that point towards September being a positive month for Bitcoin.
We will find out in the next few weeks if they are Valid or not.
BTC to hit 56k soonIn this video, I dive deep into liquidity zones and explain why they are crucial for our trading strategy.
I'll also review what has happened in the markets since my last video and analyze the key developments.
We’ll explore what to expect next, looking at potential scenarios that could unfold.
Finally, I’ll highlight some potential targets to keep an eye on in the coming days or weeks.
Make sure you don’t miss out on any important insights—subscribe to the channel for more analyses!
BTC: Preparing for a 12% Rally!Hello traders,
I hope you all are doing well.
In our previous BTC update, we mentioned the rejection of BTC due to the RSI losing momentum. The price dropped 11% and currently holds at an important support range between $57.7k and $58.3k.
With the current price at $59.1k and the RSI gaining bullish momentum, BTC is expected to rally 10%-12%.
However, if BTC closes below the blue support box, it will invalidate the rally and likely experience a further drop.
Entry: $57.7k to CMP.
Stop loss: $57.2k.
Leverage: 10x-20x.
Target: 10%-12%.
Make sure you do your own research and analysis before investing.
Trade safely.
Regards,
Team Dexter.
BITCOIN (BTCUSD) Bearish Confirmation? Oops!Like Ive mentioned in my previous BTC analysis, that $61,500 was critical zone and if it drops below that level, we will see further downward movement and this is exactly how it turned out.
The SHORT position targets are marked on the chart using the Risological swing trader.
Stay safe and all the best.
Is $56K even possible for BTC soon?Is $56K even possible for BTC soon?
The Bullrun anticipation is really high. Hmmm, come to think of it, do we also think CRYPTOCAP:BTC has been forming lower-low and lower-highs?
Anyway, never say never: $56K & GETTEX:54K are possibilities.
Protect your assets: Risk management is key.
BTC to rebound - bullish potential for the next 24 hours The price of Bitcoin fell more than 6 percent to $59,290 over the past 24 hours, trading as low as $58,564 over this period, Trading View’s Bitcoin chart shows.
Yet, a strong sun will shine over Bitcoin in the next 24 hours, signaling bullish market conditions. ☀️
“Today's drop is intriguing and presents a potential opportunity for those looking to capitalize on a tactical rally. Entering at $59,000 with a tight stop at $58,000 might seem overly cautious to some, but tactical opportunities like this are rare in a market lacking a clear bullish trend,” the crypto intelligence firm 10xResearch said in its daily note.
The number of Bitcoin millionaires increased by 111 percent last year and exceeded 85,000 people, Henley & Partners annual Crypto Wealth Report 2024 shows. Eleven persons hold more than $1 billion in Bitcoin. The CEO of MicroStrategy Michael Saylor, the CEO of Coinbase Brian Armstrong and Binance’s founder, currently serving a prison term in the US for money laundering violations, Changpeng Zhao (CZ) are part of this exclusive club.
Follow us for more crypto news and weather reports!
Bitcoin down 2.37% is getting support at the 200EMA
I scanned through all of the lowertimeframes and I saw plenty of price turnaround from the notorious double top sell-off.
I see on the mid-timeframes that bitcoin is getting support on the 200ema.
My analysis is that Bitcoin is going much much higher soon.
The weekly cup n handle system on the weekly is a mammoth system.