Bitcoin Out-LookCOINBASE:BTCUSD
The current look and structure of bitcoin on daily time frame suggest that bitcoin price will rally to the upside in the coming days and weeks.
Btc respected the daily Order block, purged sellside liquidity inside it, followed by a shift in the market structure, now our focus is the buyside liquidity above price.
The only obstacle that can foil this plan is the bearishness on monthly time frame.
The monthly is still bearish for now.
Btcusdbuy
BTC- Bitcoin Price ForecastCOINBASE:BTCUSD
Where is bitcoin price going next?
What is bitcoin likely to do next?
These and many more questions were answered in the video.
Watch and you will enjoy it.
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$BTC Bullish Bounce off Key Support LevelIn yesterday's post I discussed that BTC is forming a bullish bounce off the white support zone. The EMA ribbon and midrange of the Bollinger Band that are both acting as support as well. BTC has started trending up, and I have $28k and $28.5k as key price targets to monitor on this move up.
BTC long-term: POTENTIAL SCENARIO!Because there are so many incorrect charts floating around, I decided it was time to create a long-term chart.
I believe that the logarithmic chart's right fit is a square root function, which indicates that the growth is slowing over very long durations. BTC can't just keep expanding exponentially. In 2025, this would result in outrageous pricing in the millions.
I am a long-term bull on bitcoin, but one must maintain reality.
The halvings are what drive these growth cycles since they always result in a supply shock and a subsequent rally.
Of course, these are all just estimates, but I believe this chart to be accurate.
BTC's long-term target is, in my opinion, about 150K USD in 2025 or later. It can be considered the last asymptotic price because it won't increase any further after that.
After the halving, the market experienced a roughly 1000-day bull and bear run. Using historical data, we can determine that Bitcoin entered the subsequent halving at a point that was almost 50% below its peak. In light of this, the price of Bitcoin may reach close to $35,000 before the subsequent halving.
I hope this graph clarifies how BTC's long-term growth dynamics work.
Only in a probabilistic approach, this concept
Cautionary Note on Recent BTC Liquidation PumpIt has come to my attention that a massive short liquidation pump of 32 million BTC occurred, pushing the price above $28,000. While this may seem like a positive momentum, it is crucial to exercise prudence and wait for clarity before making any hasty trading decisions.
The sudden surge in BTC price may be enticing, but it is imperative to take a step back and evaluate the potential consequences of such a pump. We must remember that market manipulation is a real concern, and this recent event raises red flags that require careful analysis.
Therefore, I encourage all traders to pause their BTC activities momentarily until we can gain a clearer understanding of the situation. It is essential to assess the potential impact of this short liquidation pump on the overall market sentiment and trading volume. By exercising patience and restraint, we can avoid falling victim to any potential traps or false indicators.
To ensure the safety of your investments and maintain a cautious approach, I recommend the following actions:
1. Monitor the Market: Keep a close eye on BTC's price movement, trading volume, and any significant news or developments that may provide clarity on the recent pump. Stay informed and updated through reliable sources.
2. Analyze the Volume: Pay attention to the trading volume accompanying the recent pump. Positive momentum should ideally be supported by a corresponding increase in volume. Wait for confirmation and clarity on the volume patterns before making any trading decisions.
3. Consult Trusted Sources: Seek insights from reputable analysts, experts, and fellow traders to gain a broader perspective on the situation. Engage in discussions and share your thoughts with others to collectively navigate through this uncertain period.
Remember, in times of ambiguity, it is better to err on the side of caution. By pausing BTC trading momentarily, we can protect ourselves from potential risks and make more informed decisions when the market sentiment becomes clearer.
Your safety and success in the trading world are of utmost importance to us. Let us approach this situation with vigilance and patience, ensuring that we make well-informed choices based on accurate information and market indicators.
Should you have any questions or concerns, please do not hesitate to comment away. Together, we can navigate through these challenging times and emerge stronger.
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BTCUSD 1D : still trade above support zoneBTCUSD
New forecast
Bitcoin, the largest digital currency in the world, trade in the narrow area between the support zone 24828 - 25820 and resistance zone 28345-28900 and its trading between them sine 20 Aug
After it failed to breaching the support zone many times .
Technical Abstract :
as we see in the chart the price of BTC trade at the bullish channel for a long time and now trade above strong support zone 24828 - 25820 level.
so now we expect that as long as price trade above that zone the price will rise up and build a positive momentum for long term and our target will be 28902 and above that will reach 31044 .
Therefore the bullish trend scenario will be remain valid effective supported by bullish channel and strong support zone ,Remembering that stabilized under 24828 will end the bullish attempts and will start the negative attempts.
Support line : 25820 , 24828
Resistance line : 28345 , 28902
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Hidden divergence in BItcoin looks a strong buy.My thoughts on BTC current price action with some education from my 30 years of trading experience.
If we get a fake break of what some traders might see as a head and shouders on the 4hr thats a great buy signal or we could begin to enter now at around 26500 if we see the bull flag.
Great divergences on the daily indicators- see video and rising 200 MA. All very strong bullish signals.
Bitcoin & Beyond: In-Depth Market Analysis and InsightsIn the ever-evolving landscape of global investments, knowledge is power. Understanding the intricate web of financial markets, commodities, and cryptocurrencies requires a comprehensive approach that encompasses both technical and fundamental analysis.
In parallel with the publication of articles on Seeking Alpha, we are pleased to announce a new chapter in our company's history and begin publishing articles in TradingView, providing its readers with an in-depth analysis of major asset classes, including commodities, currency pairs, and cryptocurrencies. Moreover, articles published on this platform will include fundamental and technical analyses of companies operating in vital sectors such as industrials, consumer staples, commodities, technology, and healthcare.
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The commodities market, often regarded as the backbone of global trade, encompasses a diverse array of raw materials, from precious metals to agricultural products. Meanwhile, the foreign exchange market pulsates with the energy of currency pairs, reflecting the dynamics of international economies. Our analysts will employ technical tools and delve into fundamental factors to decode the complexities of these markets, empowering readers with insights into price trends and economic indicators.
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In the era of digitization, cryptocurrencies have emerged as a revolutionary asset class. Our experts will conduct in-depth analyses of various cryptocurrency pairs, exploring blockchain technology, market sentiment, and regulatory developments. By merging technical patterns with fundamental principles, we aim to provide a comprehensive view of the crypto landscape, assisting investors in navigating this volatile yet promising domain.
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Let's move directly to the analysis of Bitcoin.
Technical analysis
In the short term, we expect the digital gold pump to continue and reach $29.2k before the wave 4 correction is completed.
After that, the price of Bitcoin will continue its movement, trying to close the gap in the CME, which has remained open for several weeks, attracting the attention of short sellers. By early November, impulse wave 5 is expected to be completed, reaching a strong support zone in the range of $24,400-$24,600, where we plan to reopen long positions with the goal of closing them above $40,000 per Bitcoin.
Overall, the $34K-$34K zone is the Big Wall separating us from the start of the new Bull Run. Financial market participants will need significant effort to overcome this price level as China's post-COVID-19 economic recovery is too slow.
Fundamental Analysis
The first thing we should pay attention to is the cost of production of Bitcoin since this indicator demonstrated high accuracy in indicating price support zones upon reaching which the bullish trend resumed. In the chart below, we draw attention to two important lines.
Pink line. According to Glassnode, the current estimated cost of production is $15,123.
Purple line. After the Bitcoin halving, which is expected to occur at the beginning of the second quarter of 2024, the cost of production of one BTC will be $30,247. Given the continuing trend of sharp increases in Difficulty and Hashrate in recent weeks, we believe that many of the smaller miners will leave the market, "transferring" their share to such industry mastodons as Marathon Digital Holdings, Riot Platforms, Hut 8 Mining and Cipher Mining.
On the other hand, geopolitical tensions in the world and the weak pace of economic recovery in China have a negative impact on the aggregate balance of Whale entities, which has continued to decline in recent months.
Conclusion
We believe that central bank policies that aim to continue raising interest rates to combat inflation will have a short-term negative effect on the price of Bitcoin. One reason for this is the desire of institutional investors to continue investing in less risky assets that can provide high returns and protect against inflation. These types of investments are fixed coupon bonds and high dividend yield stocks.
On the other hand, we are confident that the Federal Reserve's interest rate cuts, which are expected to begin in 2024, will lead to greater interest from the Wall Street financial community in cryptocurrencies. Moreover, recently, the Securities and Exchange Commission has already started considering the issue of approving spot Bitcoin ETFs from such giants as BlackRock and Fidelity.
Analyst’s Disclosure:
This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
BTC.D Predicts 38K BTC SoonI have been tracking the BTC.D Wyckoff Accumulation 3 Days Chart since last year and have posted its progress through all the Wyckoff Phases regularly.
It's time for another update on this.
So, in my last update we have seen BTC.D break up from the Accumulation zone and hit first resistance. Now it has come back down to test the Breakout zone.
As per the Wyckoff model, this is where the actual breakout happens.
Also, I have highlighted that BTC.D has been moving up in an upwards parallel channel and you can see what happens to BTC when BTC.D taps the lower edge of the parallel channel.
It has tapped the lower edge three times in the past since the 15K bottom which resulted in an average move of approx 45% in coming days and weeks. If this pattern continues, we should see 38K BTC very soon.
BTC Targets $30k as Long-Term Holders Hit Record!I've got some exhilarating news to share with you today that will surely get your adrenaline pumping. Brace yourselves, because Bitcoin (BTC) is on a rocket-fueled trajectory to hit an astounding target of $30,000!
But that's not all – what makes this milestone even more remarkable is the surge in long-term holders that have propelled BTC to new heights. These steadfast believers in the power of Bitcoin have shattered records, demonstrating unwavering confidence in its potential for massive gains.
Now, I know what you're thinking – "How can I get in on this action?" Well, my fellow traders, the time has come for us to seize this incredible opportunity and ride the Bitcoin wave to financial success!
So, let's take a moment to appreciate the significance of this milestone. The fact that long-term holders are hitting record numbers is a testament to Bitcoin's resilience and the growing recognition of its value. It's a clear indication that the cryptocurrency market is evolving, and BTC is leading the way.
Now, here's where the excitement truly kicks in – it's your chance to join the ranks of these visionary long-term holders and secure your spot in the Bitcoin revolution! By taking a long position on BTC, you position yourself to reap the rewards of its upward trajectory.
If you've been waiting for the perfect moment to dive into the world of Bitcoin, this is it! Don't let this opportunity slip through your fingers. Embrace the excitement, embrace the potential, and let's embark on this thrilling journey together.
Ready to take action? Here's what you need to do:
1. Conduct thorough research: Understand the fundamentals of Bitcoin and its potential for growth. Knowledge is power, and it will help you make informed decisions.
2. Choose a reliable trading platform: Find a trustworthy exchange that aligns with your trading style and offers the tools and security you need to execute your long positions.
3. Develop a strategic plan: Define your investment goals, set realistic targets, and establish a risk management strategy to protect your capital.
4. Execute your long positions: Once you've done your due diligence and are confident in your plan, take the plunge and enter the market. Remember, fortune favors the bold!
5. Stay informed and adapt: Keep a close eye on market trends, news, and any significant developments that may impact Bitcoin's trajectory. Be flexible and adjust your strategy accordingly.
Remember, my fellow traders, the road to success is paved with excitement, determination, and calculated risks. BTC's target of $30,000 is within reach, and it's time for us to ride the wave of opportunity.
Long idea on $BTC (expereminal)In my opinion, the picture looks controversial (the price could not break through 27400-27600 for a long time), but we did not reach the key marks at 28500-29100 (usually key marks are tested). If the price falls below 25500-25200 (then I will review the analysis)
PS. Experimintal!!!!
Celebrating BTC's Soaring Price Amidst Gold's Decline Bitcoin (BTC) has been soaring to new heights, while gold, traditionally seen as a safe haven, has experienced a recent decline. This presents an incredible opportunity for us to capitalize on the ever-growing potential of BTC.
BTC's meteoric rise has been nothing short of remarkable, with its value surpassing all expectations. As traders, we have witnessed its resilience and ability to adapt, making it a formidable asset in the global market. On the other hand, gold, which has long been regarded as a reliable store of value, has experienced a dip in recent times.
This divergence in performance between BTC and gold is a clear indication of the shifting tides in the financial landscape. It's a sign that the digital revolution is gaining momentum, and BTC is at the forefront. We have the chance to ride this wave and make the most of the opportunities it presents.
Now, you might be wondering how to seize this golden (or should I say Bitcoin?) opportunity. Well, it's simple – it's time to consider longing BTC! By taking a long position on BTC, we can potentially maximize our profits as the price continues to rise. This strategy allows us to benefit from BTC's upward trajectory, which has proven to be a rewarding path for many traders.
So, my fellow traders, let's embrace this moment with enthusiasm and confidence. By longing BTC, we can actively participate in the ongoing digital revolution and potentially secure substantial gains. Remember, the market rewards those who dare to take calculated risks and seize opportunities when they arise.
To get started, I encourage you to conduct thorough research, analyze market trends, and consult with fellow traders or financial advisors. By equipping ourselves with knowledge and insights, we can make informed trading decisions that align with our individual risk appetite and investment goals.
Let's embark on this exciting journey together and make the most of BTC's remarkable rise. The future of finance is evolving before our eyes, and we have the chance to be part of this historic transformation.
Get Ready for Potential BTC Pump during the USA Government ShutdAs we all know, BTC has proven to be a safe haven asset during times of economic uncertainty. With the USA government currently experiencing a shutdown, it's no surprise that investors are increasingly turning to cryptocurrencies, specifically BTC, as an alternative investment option. This surge in demand, coupled with limited supply, creates a perfect storm for a potential BTC pump.
Now, you might be wondering, "How can I take advantage of this opportunity?" Well, I'm glad you asked! Here's a call-to-action for you:
Consider going long on BTC! By taking a long position, you can potentially benefit from the anticipated price increase during this government shutdown. Remember, this is not financial advice, but rather an exciting opportunity that you may want to explore further.
To further support your decision-making process, I encourage you to conduct thorough research, stay updated with the latest news, and closely monitor market trends. Keep an eye on any developments regarding the government shutdown, as they can greatly impact the market sentiment and consequently influence BTC's price.
Remember, trading is all about seizing opportunities and making informed decisions. So, let's approach this potential BTC pump with enthusiasm, positivity, and a happy tone of voice! Together, we can navigate the market and make the most out of this exciting time.
If you have any questions, need assistance, or simply want to share your thoughts, feel free to comment.
$CREAM Performed Bullish Symmetrical$CREAM Performed Bullish Symmetrical in 2hr TF
What is a Symmetrical Triangle
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.
KEY TAKEAWAYS
Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.