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Btcusdshort

BTCUSD H1 / EXPECTING A BULLISH MOVE IN THE COMING WEEK 📈Hello Traders! This is my idea related to BTCUSD H1. I see equal lows on the chart, a good sign for bullish sentiment. Before going bullish it set equal lows to collect some SL of the retails and now I will look only for long entries. An objective, I have 2 TPs. The first one is above the FVG where we have an OB and the next TP is the second OB (you can see 30M chart). Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
BITSTAMP:BTCUSDLong
by GoodTradeST
2
Bitcoin : Why the ETF News is BEARISH for BTCHi Traders, Investors and Speculators of Charts📈📉 The Bitcoin ETF approval is expected to be announced any day now - but wat does this mean for the price of BTC? When there's an unprecedented event that will affect the markets, it's helpful to return to the basics: 👉 Buy the rumor, sell the news 👉 Macro Analysis 👉 Candlestick analysis 👉 Buy the rumor, sell the news If the ETF should be declined (which seems unlikely), the price will definitely react negatively. But if the ETF is approved (as most widely anticipated), the price will likely also drop as the classic dump after good news. 👉 Macro Analysis Bitcoin is due for a correction / pullback. Even dropping to lower 30K zone would still be a lower high, classic Elliot Wave Theory before the next upwards impulse wave. 👉 Candlestick analysis BTC has made 5 consecutive green candles in the MONTHLY. A red one is definitely overdue. This will support as a "fundamental reason" for the ETF news. NOTE that I am still BULLISH on BTC. We're in the opening moments of a new bullish cycle, but there are pullbacks and corrections in upward cycles - and I'm expecting one around the time of the ETF news. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:BTCUSDT
Short
by CryptoCheck-
9
BTC/USD Dynamics and Concerns over Attraction ForcesReaching the $48,000.00 mark earlier this week, some speculators may view this value as an upcoming attraction point for Bitcoin. However, traders in the BTC/USD market must maintain a realistic perspective, acknowledging the potential for Bitcoin prices to decline, and a one-way upward trend could pose a risky gamble, given the likelihood of lower reversals. Risk management remains crucial for BTC/USD, and short-term volatility is expected to increase in the near future. Attraction forces persist for BTC/USD, and its value may decrease if Bitcoin holders decide to withdraw profits as financial institutions begin to engage in Bitcoin ETFs. The upcoming trading days in the BTC/USD market will garner attention, urging traders to exercise caution. Short-term prospects for Bitcoin: Current Resistance Level: $46,375.00 Current Support Level: $46,150.00 High Target: $47,200.00 Low Target: $45,540.00 This analysis underscores the importance of a balanced approach in the BTC/USD market, recognizing both attraction forces and potential risks. It provides a forward-looking perspective for traders, emphasizing the need for careful consideration in the face of evolving market dynamics.
BITSTAMP:BTCUSD
by AdmamTrade
Bitcoin Trades Sideways After SEC Greenlights Spot Bitcoin ETFBitcoin was hovering around an elevated flatline on late Wednesday after the Securities and Exchange Commission gave the go-ahead for the first spot bitcoin exchange-traded funds (ETF) to be traded in the U.S., as expected. According to Coin Metrics, the cryptocurrency pared earlier losses and was most recently trading around $46,671. Meanwhile, the price of ether shot up as much as 15.5% to $2,606, the highest since May 2022. Most recently it was up 14.5% at $2,586.54. The ETF approval is a milestone for the crypto industry, which first sought to launch a bitcoin ETF more than 10 years ago. Optimism has been building since Grayscale's major legal victory over the SEC in August regarding the regulator's refusal to allow them to convert their popular Bitcoin Trust (GBTC) into an ETF. The price of the leading cryptocurrency has risen 80% since then.
BITSTAMP:BTCUSD
by AdmamTrade
#Bitcoin Are you Ready for the ETF Rally 6 Hours to GO!!!!I know we all are still uncertain about what will unfold next, given all the hiccups from yesterday. I've already shared BTC charts across all platforms, and things are progressing smoothly. A pullback and a continuation to the FWB:52K level (expecting the news to come positive). Let's take another scenario:- My perspective is that there's a chance of a delay until May 2024. This could result in some sideways market movement for the next 2-3 months, with BTC hovering between $40K to $48K. In the event of ETF approval, a quick pump to FWB:52K - FWB:54K might occur, followed by a sudden dump as miners initiate the "Sell the News" event. It's crucial to note that this is speculative, and nothing is guaranteed. With only 6 hours left for the ETF news, people are wondering what actions to take. We've already shifted 40% to USDT, 40% to BTC, and only 20% to Alts, securing profits from altcoins that experienced a significant surge. Now, we have a substantial USDT reserve to buy back at lower prices. In my humble opinion, it's wise to let the price action mature after the news and avoid making immediate decisions. Whether the ETF approval happens today or in the coming months, it's inevitable, so staying positive and focusing on the long-term picture is key. Feel free to share your thoughts in the comments section below. Thank you #PEACE
by Cryptorphic
2
Bitcoin's Jubilee Upgrade ImpactBitcoin is preparing for a significant "Jubilee Upgrade" at block height 824,544. This upgrade briefly suspends deposit and withdrawal services for certain BRC20 tokens on January 5, 2024. The update aims to address inconsistencies in engravings on BTC denominations within the BRC-20 network. UniSat will monitor functionality, and a scheduled network update from January 5 to 6 will temporarily close the BRC20 market while other services continue uninterrupted.
by AdmamTrade
4
Bitcoin Eyes $50,000 amid ETF SpeculationBitcoin's price continues to oscillate around the weekly supply zone midpoint of $43,860, poised for an early breakout as imminent ETF launches draw closer. The flagship cryptocurrency finds robust support from the 25-day and 50-day Exponential Moving Averages (EMAs) at $43,130 and $41,391, respectively. The upward slope of these EMAs indicates minimal resistance ahead. The Relative Strength Index (RSI) also trends north, signaling upward momentum. Increased buying pressure at current levels might drive Bitcoin to decisively breach the pivotal $43,860 level, paving the way for the next crucial range expansion toward $48,000. Once surpassing the $48,000 threshold, Bitcoin could swiftly surge towards the psychological level of $50,000 before profit-taking ensues. Traders exercising profit control might set the pace for BTC to achieve the ambitious target of $60,000. Conversely, premature profit-taking prompted by SEC rejections or delayed decisions could trigger a downturn. Such action might break below the 25-day and 50-day EMAs before testing the convergence between the 100-day EMA and horizontal support near $37,800. However, to nullify the current bullish outlook, Bitcoin would need to close below the psychological level of $30,000.
BITSTAMP:BTCUSD
by AdmamTrade
5
"Bitcoin's 67% Value Surge Despite Regulatory Challenges"Even amidst regulatory crackdowns on cryptocurrency exchanges over the past year, Bitcoin has exhibited consistent growth throughout much of 2023, currently hovering around $43,610 - an increase of nearly $18,000 in value since September. Reaching its peak at around $68,000 in November 2021, Bitcoin faced a significant setback by November 2022, losing over 75% of that value following the collapse of FTX, a major crypto exchange at the time. Yet, it seems poised for a resurgence once again. This resilience underscores Bitcoin's ability to weather regulatory challenges and market upheavals, emphasizing its enduring appeal and potential for recovery amidst a rapidly evolving financial landscape.
BITSTAMP:BTCUSD
by AdmamTrade
BTC/USD Analysis Bitcoin surged past the $44,700 resistance on January 2, yet this breakthrough turned out to be a price trap as it plunged on January 3. Buyers stepped in as prices dipped to the 50-day simple moving average ($40,938), showcasing robust bullish defense around the $40,000 mark. The exponential 20-day moving average traded sideways at ($42,855), while the Relative Strength Index (RSI) hovered around neutral, indicating restrained price action ahead. The range boundaries could be $40,000 and $45,879. A significant drop below the $40,000 support would signal short-term bullish capitulation. This scenario might drive the BTC/USDT pair towards the next major support at $37,980. Buyers regain control upon pushing the price beyond $45,879. Subsequently, the pair could rally towards $50,000. The recent price movement indicates a delicate balance between bulls and bears, with $40,000 as a critical level to watch. Breaking below could see further downside, while surging past $45,879 could reignite bullish momentum towards the $50,000 mark.
BITSTAMP:BTCUSD
by AdmamTrade
8
Bitcoin Price Analysis Bitcoin surged above the $44,700 resistance on January 2, but this breakthrough turned out to be a price trap as it sharply declined on January 3. Buyers stepped in as prices dipped to the 50-day simple moving average ($40,938), indicating strong bullish defense around the $40,000 mark. The exponential 20-day moving average traded sideways ($42,855), and the Relative Strength Index (RSI) near neutral suggested restrained price action ahead, within a potential range between $40,000 and $45,879. A sharp drop below the $40,000 support might signal short-term bearish surrender, possibly pushing the BTC/USDT pair towards the next major support at $37,980. Buyers could regain control by pushing the price above $45,879. Subsequently, the pair could aim for $50,000. The recent price fluctuations indicate a tug-of-war between buyers and sellers, emphasizing critical support and resistance levels that will dictate the next market move. Breaking through resistance or succumbing to lower support thresholds will be pivotal in determining short-term market sentiment.
BITSTAMP:BTCUSD
by Larissa-Trader