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BTC/USD H4 Update BTC is finding support on the .382 level of the most recent impulse on the H4 timeframe. The price action is also finding support on the H4 100 simple moving average. RSI is 44 at time of publishing. Price is also near a local rising support. I think anything at or above the .382 retracement level is a good buy for the weeks to come. We might have a few days of sideways as the bull flag forms. Not financial advice. Do your own DD. Thanks for viewing the idea.
BITSTAMP:BTCUSDLong
by BallsOfSteel32
BTC/USDT.P Market AnalysisHey guys, happy Friday. The analysis today will be an interesting one as we close out the week. Although recent price action has been relatively bullish, we have only closed above the most recent swing high trend line. That means the buyer dominance isn't as strong or will need more liquidity to push through the next level (yellow circle). Until we have a break out of that level, I think we might see more swing actions especially on Fridays. We are currently getting a local rejection off the bearish OB that was created a few days ago when we initially reached this most recent swing high, depends on which direction it breaks, you might want to place your trades accordingly. I think we have hit a local high for now and I would be more bullish if we can have a daily candle close above the trend line zone, I would add to my longs then. Until that happens, I'm going to hedge in a short, take some profits on my previous long setups and speculate. **Fridays are usually volatile especially during NY sessions, trade safely** @Nate Alert
by Nate36989
Bitcoin Surge Continues! TP 3 Hit, Eyeing TP 4 Next!BITCOIN (BTCUSDT) 4H time frame Technical Analysis: Bitcoin (BTCUSDT) on the 4-hour timeframe shows a solid long trade with momentum intact. Price action has followed the upward curve supported by the Risological dotted trendline, providing a strong bullish foundation for the current rally. Key Levels: Entry: 61,732.3 Stop Loss (SL): 60,316.2 Target 1 (TP1): 63,482.7 ✅ (Hit!) Target 2 (TP2): 66,315.0 ✅ (Hit!) Target 3 (TP3): 69,147.4 ✅ (Hit!) Target 4 (TP4): 70,897.7 Observations : Bitcoin has already smashed through TP3, riding the wave of bullish momentum. The Risological dotted trendline is acting as strong support, indicating that TP4 is highly within reach. With TP3 completed, Bitcoin continues its bullish momentum. Keep an eye on the final resistance at TP4, as the price is showing no signs of slowing down!
Long
by ProfitsNinja
1
Imagine new retrace to find out new $$ in next weekswe like to see market as simple as possible, take some profit if you buy in dip and wait enough to trend makes buy in the dip do not FOMO and also be carful about manipulation don't forget that market is moving because of manipulation specially for those retailers who save roughly and loss easily. anyway I have lots of prediction and scenario for next weeks but my favorite one is to buy BTC lower again and can get profit during these waves in this clear channel.
Long
by Sepiknows
Is Bitcoin's Breakout from Accumulation Channel a Sign of FurtheBitcoin, the world's largest cryptocurrency, has recently surged past the $68,000 mark, setting a new local high and confirming its bullish uptrend. This significant breakout has ignited excitement among analysts and investors, who are closely monitoring the cryptocurrency's next moves. As Bitcoin continues its ascent, many are speculating about the potential for further gains and the factors driving this momentum. One of the key factors contributing to Bitcoin's recent price surge is its breakout from a long-term accumulation channel. This technical pattern, which has persisted for over seven months, indicates a period of consolidation and accumulation before a potential price increase. By breaking out of this channel, Bitcoin has signaled a shift in market sentiment and a renewed bullish momentum. Analysts and experts are closely examining various indicators to gauge the strength of Bitcoin's uptrend and identify potential resistance levels. The Relative Strength Index (RSI), a momentum oscillator, is currently hovering near overbought levels, suggesting that a short-term pullback may be necessary to consolidate gains before further upward movement. However, the overall trend remains bullish, and a break above the previous all-time high of $69,000 could signal a more extended rally. In addition to technical analysis, fundamental factors are also playing a role in Bitcoin's price appreciation. The growing adoption of cryptocurrencies by institutional investors and corporations is driving demand for Bitcoin as a store of value and a hedge against inflation. Moreover, the increasing use of Bitcoin for payments and remittances is contributing to its mainstream acceptance. However, it is essential to approach the current Bitcoin rally with caution. The cryptocurrency market is highly volatile, and prices can experience significant fluctuations. While the long-term outlook for Bitcoin remains positive, short-term corrections are a common occurrence. Investors should be prepared for potential pullbacks and have a well-defined risk management strategy in place. As Bitcoin continues its upward trajectory, several key factors will likely influence its future price movement. The regulatory landscape, particularly in the United States, will play a crucial role. Favorable regulatory developments could further fuel Bitcoin's adoption and price appreciation. Additionally, the macroeconomic environment, including interest rates and inflation, will also impact investor sentiment towards risk assets like Bitcoin. Furthermore, the competition from other cryptocurrencies cannot be overlooked. While Bitcoin currently dominates the market, the emergence of new and innovative projects could potentially challenge its position. The development of scalable blockchain solutions and the introduction of new use cases for cryptocurrencies could impact Bitcoin's market share. In conclusion, Bitcoin's recent breakout from a long-term accumulation channel has ignited excitement and speculation about its potential for further gains. While the overall trend remains bullish, investors should approach the current rally with caution and be mindful of potential risks. By carefully considering technical analysis, fundamental factors, and the competitive landscape, investors can make informed decisions about their Bitcoin investments.
CME:BTC1!Long
by bryandowningqln
BITCOIN - the road map !We will explain the market situation and what is happening in the currencies in this post And why you should not sell even at 80k or 120k This is the most important post I will write and share with you. I will return to it in the future to prove to you the truth of what I am saying. As you know, 67-71k have accumulated very heavily and all the bears have gathered there and formed massive supply areas Therefore, market makers are emptying this area and absorbing the existing supply, so you see the currencies falling or not moving because the whales are withdrawing liquidity from the currencies and directing it to buy Bitcoin Also, professional traders and smart money will not enter at resistances and supply areas. They are waiting for a breakout of 73k and confirmation to move Therefore, you see this great stagnation in the market and on all alternative currencies Of course, there is something called floating supply, meaning that Bitcoin will rise to 80-90-100 thousand, and there are still bears selling strongly. After breaking 100 thousand, selling will stop, bears will surrender, and Bitcoin's Dominance will stop rising completely. It is expected to stop at 60-61%. After that, we will see levels of 130k -140k, and a correction of approximately 20-28% will occur for Bitcoin, but not for currencies, because a violent collapse will begin to acquire Bitcoin's dominance and transfer liquidity from Bitcoin to currencies. After that, Bitcoin will begin to rebound and currencies will begin to explode. It is normal to see every week double and double and explosions everywhere, and currencies within a few months will hit 10x-20x-30x-50x-100x for each currency and its performance and strength. Here we are in the end of the bull market and at the end of the ALT season. And you must know intuitively that this is what happens now is positive behavior. Because we know that explosions don't happen in currencies, madness, FOMO, and memes explosions except when Bitcoin is close to achieving a peak and we all saw the March peak... in march peak Currencies in some sectors such as AI and memes rose from 3x to 50x so Imagine the if new ATH IN BTC then BEST regards Ceciliones🎯
by ceciliones
4
Is Bitcoin's Golden Cross Signaling Parabolic Moves Ahead?Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investing in cryptocurrencies is highly volatile and speculative, and it is essential to conduct thorough research before making any investment decisions. Bitcoin (BTC), the pioneering cryptocurrency, has exhibited a remarkable surge in recent days, forming a bullish technical pattern known as a golden cross. This development has fueled optimism among analysts, who are predicting parabolic price movements shortly. Bitcoin's price has consistently climbed over the past three days, reaching its highest point since July 29th. This robust uptrend has propelled the cryptocurrency to retest the psychologically significant level of $68,000, marking a substantial increase of nearly 40% from its August low. The Golden Cross: A Bullish Signal The formation of a golden cross occurs when a short-term moving average (SMA) crosses above a long-term SMA. This technical pattern is widely regarded as a bullish signal, suggesting that the underlying asset is experiencing a reversal from a downtrend to an uptrend. In Bitcoin's case, the golden cross was formed when the 50-day SMA crossed above the 200-day SMA. This indicates that the cryptocurrency's short-term momentum has turned positive, potentially signaling a sustained uptrend. Analysts Forecast Parabolic Moves Encouraged by the golden cross and Bitcoin's recent price performance, analysts are expressing bullish sentiment and predicting parabolic price movements. Parabolic moves refer to rapid and exponential price increases, often characterized by a steep upward curve. Several factors are contributing to this optimistic outlook: • Institutional Adoption: The growing interest and adoption of Bitcoin by institutional investors, such as corporations and hedge funds, are seen as a significant catalyst for price appreciation. • Macroeconomic Factors: The ongoing uncertainty surrounding global economic conditions and inflationary pressures is driving investors towards safe-haven assets like Bitcoin. • Technical Indicators: In addition to the golden cross, other technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are also signaling bullish momentum. Breaking Above the Falling Wedge Bitcoin's price action has also been supported by a breakout above a descending falling wedge pattern on the daily chart. This technical formation suggests that a bullish reversal is underway, further bolstering the case for higher prices. However, it's important to note that while Bitcoin has reached a new high, it has yet to close a daily candle above the resistance level of the falling wedge. A successful close above this level would confirm the breakout and increase the likelihood of further upward movement. Conclusion The formation of a golden cross and the breakout above a falling wedge pattern have ignited bullish sentiment surrounding Bitcoin. Analysts are predicting parabolic price movements as institutional adoption, macroeconomic factors, and technical indicators all point towards a sustained uptrend. While the cryptocurrency's future remains uncertain, the current technical landscape suggests that Bitcoin is well-positioned for a significant price increase. However, it's crucial to approach investing in cryptocurrencies with caution and be aware of the inherent risks involved.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin Parabolic Bull Run with the Latest 200-Day MA CrossAfter a brief dip below the $60,000 mark on October 10, Bitcoin (BTC) has regained momentum, inching closer to its all-time high (ATH) of $73,700, reached in March of this year. This price recovery follows considerable volatility experienced by the largest cryptocurrency on the market throughout the year, with significant price swings, including sharp falls of almost 20% on 5 August and 6 September. The 200-Day Moving Average (MA) A key indicator to watch for Bitcoin is the 200-Day Moving Average (MA). This technical analysis tool represents the average closing price of Bitcoin over the past 200 days. When the price of Bitcoin crosses above this long-term moving average, it often signals a bullish trend reversal. Historical Significance Interestingly, the last three times Bitcoin's price crossed above the 200-Day MA, it triggered a "parabolic bull run." This refers to a period of rapid and sustained price increases, characterized by a parabolic curve on the price chart. The first instance occurred in 2016, when Bitcoin's price surged from around $400 to over $20,000 within a year. The second instance took place in 2019, with the price climbing from roughly $3,000 to nearly $14,000 in a similar timeframe. Most recently, in 2021, Bitcoin's price soared from approximately $29,000 to its ATH of $73,700. Current Outlook Given the historical significance of the 200-Day MA crossings and the recent price recovery, many analysts are closely watching Bitcoin's price action in anticipation of a potential breakout. If Bitcoin successfully breaks above its ATH, it could signal the start of a new parabolic bull run, potentially leading to even higher price targets. However, it's important to note that the cryptocurrency market remains highly volatile, and past performance is not indicative of future results. Several factors could impact Bitcoin's price trajectory, including regulatory developments, macroeconomic conditions, and investor sentiment. Key Considerations As investors evaluate the potential for a Bitcoin breakout, they should consider the following factors: • Regulatory Environment: The regulatory landscape for cryptocurrencies varies across different jurisdictions. Favorable regulatory developments can boost investor confidence and drive price appreciation, while unfavorable regulations can create headwinds. • Macroeconomic Factors: Global economic conditions, such as interest rates, inflation, and geopolitical events, can influence the overall market sentiment and impact the demand for risk assets like Bitcoin. • Investor Sentiment: The prevailing sentiment among investors towards Bitcoin plays a crucial role in determining its price direction. Positive sentiment can fuel buying pressure, while negative sentiment can lead to selling pressure. • Technical Analysis: Technical indicators, such as moving averages, relative strength index (RSI), and support and resistance levels, can provide valuable insights into Bitcoin's price trends and potential future movements. Conclusion Bitcoin's price action is approaching a critical juncture, with the potential to break above its all-time high. The historical significance of the 200-Day MA crossings and the recent price recovery have fueled speculation about a new parabolic bull run. However, investors should remain cautious and conduct thorough research before making any investment decisions. The cryptocurrency market is subject to significant volatility, and it's essential to consider the various factors that could impact Bitcoin's price trajectory.
BITSTAMP:BTCUSD
by bryandowningqln