WEEKLY FOREX FORECAST JULY 15-19th: BITCOIN BUY SETUPAnalyzing BTCUSD for the upcoming week.
It looks like there is evidence that price turning bullish in this market.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Btcusdbuy
#BTC/USDT#BTC
We have a downtrend pattern on the 12-hour frame, the price is moving within it and adhering to its boundaries well
We have a support area in green at a price of 55,000 after the price touched it and rebounded from it
We have a trend to stabilize above the moving average of 100
We have a downtrend on the RSI indicator that supports the price upwards
Entry price 64,000
First target 67,600
Second target 70,587
Third target 73,670
Bitcoin Price Breaks $63,000 Following Assassination AttemptBitcoin Price Breaks $63,000 Following Assassination Attempt
In a dramatic turn of events, the price of Bitcoin surged past $63,000 following an assassination attempt on former U.S. President Donald Trump. This unexpected spike in Bitcoin’s value has captured the attention of investors and analysts worldwide, highlighting the intricate relationship between political events and financial markets.
The incident occurred during a campaign rally in Pennsylvania, where a gunman opened fire, targeting Trump. Fortunately, Trump survived the attack with minor injuries
Market Analysis
Analysts have linked the rising price of Bitcoin to improved odds of a Trump election victory. Trump’s pro-crypto stance has made him a preferred candidate for many Bitcoin advocates.
Exchanges saw heavy trading volume as Bitcoin broke above its 200-day moving average, a technical level viewed by many as a bullish signal.
Bitcoin’s recent price movement is part of a broader trend of volatility in the cryptocurrency market. Earlier this month, Bitcoin’s value had dipped to lows near $53,000 due to Mt Gox pay out and German government action with Bitcoin. However, the cryptocurrency has shown resilience, bouncing back and regaining its footing above $60,000.
Investor Sentiment
The assassination attempt on Trump has been described as a “black swan event” by some crypto commentators, referring to its unexpected nature and significant impact on the market.
Investors are now closely watching the market to see if Bitcoin can sustain its current momentum and potentially reach new all-time highs.
Future Outlook
Looking ahead, the future of Bitcoin remains uncertain but promising. If Trump continues to gain political traction and maintains his pro-crypto stance, Bitcoin could see further gains.
However, it’s important to note that the cryptocurrency market is inherently volatile, and external factors such as regulatory changes, technological advancements, and macroeconomic trends will continue to play a significant role in shaping Bitcoin’s trajectory.
Conclusion
The recent surge in Bitcoin’s price following the assassination attempt on Donald Trump underscores the complex interplay between politics and financial markets. As Bitcoin continues to evolve and gain mainstream acceptance, events like these will likely become more common, reflecting the growing influence of cryptocurrencies in the global economy.
Investors and analysts will be keeping a close eye on future developments, particularly in the political arena, as they assess the potential impact on Bitcoin and other cryptocurrencies
The crypto market rules have changed and here's why...Do not rely on CRYPTOCAP:BTC dominance breaking to pump your alts. Keep up with the alts that pump along with $BTC.
Try to understand the current market trends. Do not stick to old market rules—they may be followed, but it should show on the charts, right?
BTC dominance looks like a bullish continuation to me, targeting 60%. Invalidation occurs if it breaks below 53.7%.
BTCUSD Bullish Robbery PlanMy Dear Robbers / Traders,
This is our master plan to Heist BTCUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Bitcoin Price Nears 200-Day SMA: Bullish Signal on the Horizon?
Bitcoin (BTC), the world's leading cryptocurrency, has been on a rollercoaster ride in 2024. After a strong start to the year, prices dipped below the crucial 200-day Simple Moving Average (SMA) in early July, sparking concerns about a potential bear market. However, recent price movements suggest a potential bullish reversal, with Bitcoin again hovering close to the 200-day SMA.
The 200-Day SMA: A Key Indicator
The 200-day SMA is a technical analysis tool investors use to gauge the long-term trend of an asset's price. It's calculated by averaging the closing price of Bitcoin over the past 200 days. This metric helps smooth out short-term price fluctuations and provides a clearer picture of the overall market direction.
Historically, the 200-day SMA has played a pivotal role in identifying bull and bear markets for Bitcoin. When the price trades above the 200-day SMA, it's generally seen as a bullish signal, indicating an upward trend. Conversely, prices consistently falling below the SMA suggest a bearish market.
Bitcoin's Recent Price Movements
In early July, Bitcoin dipped below the 200-day SMA for the first time since August 2023. This triggered anxieties among some investors, questioning the sustainability of the current bull run. However, it's important to note that such temporary dips below the SMA have occurred during previous bull markets.
For instance, in 2016, Bitcoin fell below the 200-day SMA for three months before embarking on a significant upward trajectory that culminated in the 2017 bull run. Similarly, in 2023, Bitcoin dipped below the SMA in August but recovered shortly after, continuing its bull run through the end of the year.
Reclaiming the 200-Day SMA: A Potential Bullish Signal
The current situation presents a critical juncture for Bitcoin. It could be a significant bullish signal if the price can successfully reclaim the 200-day SMA and maintain a position above it. This would suggest a continuation of the current bull run and potentially pave the way for further price increases.
There's historical precedent for such a scenario. In early 2023, Bitcoin successfully reclaimed the 200-day SMA after a brief dip, marking the beginning of a strong bull run that lasted throughout most of the year.
Factors Supporting a Bullish Outlook
Several factors contribute to the potential for a bullish reversal. Firstly, Bitcoin's underlying fundamentals remain strong. The network continues to experience steady growth in hash rate, indicating strong miner participation and network security. Additionally, institutional adoption of Bitcoin is on the rise, with major investment firms and corporations increasingly recognizing its potential as a valuable asset class.
Secondly, the recent price dip could be attributed to short-term market corrections and profit-taking by some investors. These temporary fluctuations are natural occurrences within any bull market and shouldn't necessarily be interpreted as a sign of a long-term bearish trend.
Looking Ahead: Important Considerations
While the current price movements suggest a potential bullish outlook, it's crucial to maintain a cautious and realistic perspective. The cryptocurrency market remains highly volatile, and unforeseen events can trigger significant price swings.
Investors should closely monitor economic factors, regulations, and industry developments that could impact Bitcoin's price. Additionally, conducting thorough technical and fundamental analysis is essential before making any investment decisions.
Conclusion
Bitcoin's price hovering near the 200-day SMA presents a fascinating situation. While a successful reclaim of the SMA could signal an upcoming bullish phase, continued vigilance and comprehensive analysis are necessary. The cryptocurrency market is dynamic, and investors should be prepared for potential volatility. However, the underlying strength of Bitcoin's network and growing institutional adoption suggest that the long-term outlook remains promising.
QCP Analysts Say There Are Rally Signals in Bitcoin LONGWhile investors are trying to cope with the downward trend that has been going on for more than a month, Bitcoin is trying to withstand the German government's sales.
At this point, while analysts generally predict that the bottom may have come in Bitcoin or may come as soon as possible, an assessment came from Singapore-based crypto company QCP Capital.
Analysts stated that the market initially faltered in the face of Mt.Gox and the German government's Bitcoin sales, but then quickly recovered, listing the bullish signals.
At this point, he showed spot Bitcoin ETF entries as the first signal.
Stating that institutional investors increased their dip purchases, QCP analysts said that this situation was supported by strong spot BTC ETF inflows.
Analysts, who showed the purchase of BTC from exchanges in response to the sales of the German government as the second bullish signal, stated that less Bitcoin entered the market.
Finally, analysts stated that Bitcoin and Ethereum made higher bottoms this week after the sharp declines last week, and that the bottoms were purchased aggressively, and that these purchases were a bullish signal.
Wyckoff accumulation on $BTC but reversed found such a regular model, which initially leads to updating the maximum values on BTC. The model does not exactly reflect this type, but the similarity is relative. I expect a large value of greed in the area of 85+ in the zone of maximums and I think that it will be 100k or 200k or 1 million. Although there are such thoughts even now, it is not enough
BTC Bitcoin Technical Analysis and Trade Idea 👉🔍 In this video, we analyze BTC Bitcoin. It's evident that BTC has been showing strong bearish momentum in recent times. However, considering today is Friday, I anticipate a potentially sharp retracement as big money wind up their trades for the week and hit stops for liquidity. My strategy involves monitoring the 3-5m chart for signs of sideways movement and a potential reversal, which could present a scalp/day trade buying opportunity targeting the previous bearish imbalance.
It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
#BTC/USDT Bounce or more pain?#Bitcoin : We've been waiting for this volatility for weeks. This is the point where a bounce should occur. A close below this level would be drastic for the market.
For more clarity, I'll be sharing the stable charts.
Altcoins are showing good opportunities, but we still need to wait for clear reversal signals before entering. GETTEX:54K is a key level in the higher time frames (HTF). Don't lose it, bulls!
Stay strong.
WAGMI