🔍 Bitcoin Halving 2024: Unraveling the Next Big Rally🔥CRYPTO:BTCUSD
BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
With only 17 days left until the monumental #Halving2024 event ⏳, the anticipation within the crypto community is palpable. Bitcoin ( CRYPTOCAP:BTC ), the trailblazer of cryptocurrencies, is already trading above its All-Time High (ATH), signaling a market that is ripe with optimism. But the real spectacle? It's just on the horizon.
65K is my ideal support for further corrections.
Follow me for more insights ... 🚀🌕
📈 What to Expect?
Historically, Bitcoin undergoes a halving event every four years, a process that cuts the mining reward in half. This deflationary mechanism reduces the new supply of Bitcoin, potentially leading to an uptick in price as demand continues to rise against a limited supply. The aftermath of past halvings has witnessed substantial rallies, and the question now is, not if, but how high will CRYPTOCAP:BTC soar post-Halving2024?
🔑 Key Insights:
Our analysis delves deep into the historical data, comparing pre and post-halving market behavior. The patterns observed suggest a 'wild mode' activation for Bitcoin, often kickstarting a major bull run. But what makes this halving event different? With CRYPTOCAP:BTC already above its ATH, the stage is set for unprecedented growth. 💹
🧐 The Break Point:
The Halving Event is often regarded as a Break Point for Bitcoin, a transformative phase that catapults it into a new valuation territory. Our projections, rooted in sophisticated economic models and historical trend analysis, point towards a bullish explosion that could redefine market expectations. 🌐
📊 Strategy for Investors:
The countdown to the halving is a critical period for investors. Being early in accumulating CRYPTOCAP:BTC and altcoins could position you advantageously for the impending rally. Our advice? Don't wait for the market to move post-halving. The opportunity is now. Accumulate, diversify, and prepare for the ride of a lifetime. 📈
💥Be Part of the Revolution:
#Bitcoin's halving is not just an event; it's a testament to the resilience and revolutionary nature of cryptocurrencies. Join us as we navigate through these exciting times, armed with data-driven insights and a community of passionate investors. Whether you're a seasoned trader or new to the crypto space, now is the time to be part of something extraordinary. Let's embrace the future, together. 🚀🌕
#Halving2024 | #BTC | #CryptoRally
Btcusdlong
BTCUSD - Decision TimeIn the weekly, price has tipped the green CL.
The CL is a level where price is in balance, and from where it will move to a extreme.
With enough enthusiasm, price will be able to cross above the green CL. If not, we travel back to the south.
Arrows are potential profit targets.
Falls in price deceive. Bitcoin's Daily Chart is Demand-driven!
I know Bitcoin sold off really quickly about 48 hours ago trying to reach higher highs and resistance. Price also made no further attempts to retest the breakout high price, but not yet.
Daily chart is attached. It looks indicative of higher prices to my eyes, but we only see what we see. If I am missing something more bearish please write in the comments. It's a learning curve for us all.
Quickly my reasons, Bitcoin switched to a Demand-channel in recent months, you know higher highs and higher lows, now recently Bitcoin price has remained in the upper part of channel, for me that is a bullish sign. Check the chart. Thanks for reading.
BTC scalp in low timeframe Hello traders,
Here are some key points regarding my current outlook:
1. **Strong Bullish Trend**: BTC is showing strength in both high and low timeframes, indicating a solid upward momentum.
2. **Key Level for Entry**: I've identified $68,500 as a favorable level for a buy position. This could serve as a strong support point if the price retraces.
3. **Confirmation**: Look for confirmation signals at this level, such as bullish candlestick patterns or increased volume, to enhance the validity of your entry.
4. **Risk Management**: Ensure you have stop-loss strategies in place to protect your capital in case the market moves against your position.
5. **Market Monitoring**: Stay updated on any news or events that could influence BTC's price to make well-informed decisions.
If you have any further insights or questions, feel free to share!
Bitcoin targets 70K! - #BTC AnalysisBitcoin and risk assets have been looking great lately. I believe the upward momentum will continue in the upcoming weeks. The golden bull run is coming for crypto, in my opinion.
Current state:
I believe we tested diagonal resistance and were rejected there (possibly taking profits from those who bought at the bottom).
I would expect a retracement to the 'Long Zone' marked on the chart. The retracement may potentially take a bit longer and might create a range for a couple of days. However, after the retracement, I do expect to see 70K being smashed rapidly.
Are BTCUSD Longs about to be Activated? PVPSMCSHere is an analysis of BTCUSD. HTF is Corrective and mitigated. The MTF CHoCH was broken changing the btcusd immediate bias to a bullish momentum. Therefore all thats left is for LTF to align itself with the HTF & MTF to ride the Long. Overall BU is Buying. Start looking for Long opportunities from the 61 319 price.
Are BTCUSD Longs about to be Activated? PVPSMCSHere is an analysis of BTCUSD. HTF is Corrective and mitigated. The MTF CHoCH was broken changing the btcusd immediate bias to a bullish momentum. Therefore all thats left is for LTF to align itself with the HTF & MTF to ride the Long. Overall BU is Buying. Start looking for Long opportunities from the 61 319 price.
BITCOIN long setup / Bulls or Bears, Tell me in CommentsBINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Traders
💥Long position on BTC
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
63,900
64,500
65,300
66,150
67,000
🔴SL:
60,100
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
BTC new all time highs.I have seen enough to determine that we are headed to a new all time high just like the stock market will see a new high before we head lower. If you haven't seen my idea on the SPX (see the link below). Looking at the BTC on the monthly chart, we can see that it looks like we are doing an expanded flat. As we can see the top in October 2021 was not the "real" top but a correction top in an expanded flat as it went up in 3 waves. Also most indicators will show that April 2021 was the actual top. Thus I believe we are in the wave 5 which will take us to about between 70k and 96k using fibonacci extension on the candle and line. Once we get above the previous high, the media will hype up 200k-500k and most people will FOMO in there since it would look like we have no more resistance and the sky's are clear. This in my opinion will lead to the biggest crash in Crypto, and bitcoin.
Watch the charts and not what they say.
This is just my opinion and not a financial advice, please do your DD.
BITCOIN (BTC) TO RALLYIt is observed that price is traded within a band (blue channel) forming a pattern known as the bullish flag which is highlighted (green) pole and a trading channel (blue).
This present a massive opportunity as this chart structure indicates a prospective price rise of about 70%.
This also aligns with the other fundamentals like the US elections in November as usually market makers will take position before significant events.
The idea is to buy at the lower troughs of the blue channel while expecting a price break-out to about $88,000
ACTION PLAN
50,560-53,770 -- BUY
50,550 -48,659 --WAIT/ DO NOTHING
BELOW 48,396 --SELL
However, this trade idea gives a risk reward ratio of 8.9.
Goodluck!!
BTCUSD SELLBitcoin is following a downtrend, as we all know.
Making money in opposite direction than the market trend is sometimes difficult, but, as market is now making higher highs, I have a sell trade for you guys from here, a buy from a good zone, and after that, potential sells as the market will continue to drop.
So, I have mentioned 4 trades for you to follow at your own risk. This is just an advice depending on my own analysis.
#Happy_Trading