BTCUSD LONGwe caught am impressive long trade at BTCUSD, As market is still in the long term trade, wait for the price to come to the demand zone to enter long.
Happy Trading
Btcusdsignals
BITCOIN has entered the Halving Phase and targets 50k.Bitcoin (BTCUSD) is under heavy volatility lately due to the ETF development and in times like this, we tend to zoom out into the longer term time-frames such as the 1W to get a better perspective of where we might be at with relation to past Cycles, in an attempt to filter out the short/ medium-term volatility of such news.
** Cycle classification **
On this chart we compare the current to the 2018 - 2021 and 2014 - 2017 Cycles. To get an insightful understanding of time and levels, we have categorized the Phases into Bear (red), 1st Rally (orange), Pre & Post Halving (blue) and Parabolic Rally (green).
Based on that classification, BTC has just entered the Pre & Post Halving phase, with Halving 4 expected to take place in April 2024. During that phase, the price reaches or has already reached (in the case of 2020) the 0.786 Fibonacci retracement level, while keeping the 0.382 Fibonacci intact as a Support (notable exception of course March 2020 with the COVID crash, which was however an irregularity due to its once in 100 years occurrence). The 1W MA50 (blue trend-line) also poses as a loose Support.
** Now and new All Time High **
On the current Cycle, the 0.786 Fib is at $50000, so based on our model, either now or 3-4 months after the Halving it should be reached. At the same time, we shouldn't drop below 27000 (0.382 Fibonacci).
Once the 0.786 Fib breaks, BTC should test the 69000 All Time High (ATH) in a matter of weeks, which will be the start of the Parabolic Rally phase. Beyond that, it is a matter of how high the current Cycle can extend to in pricing the next ATH. The 2017 Cycle peaked on the 2.382 Fib extension and the 2021 on the 1.618 Fib extension. That is the Theory of Diminishing returns on every Cycle, as adoption gets greater. Technically it is natural to expect no more than 1.382 Fib, which is a little over $120000. Perhaps the worst case scenario might be 100k but of course much depends on the fundamentals at the time, e.g. how adoption evolves, how much capital will flow in case of an ETF approval etc.
But what do you think? Do you agree that 50k will be reached within our designated Pre & Post Halving phase? Or it is too high too soon? Feel free to let us know in the comments section below!
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We Could See a Macro Wyckoff Accumulation In my opinion we can see the big guys left their footrpints in shape of secondry test which plays a major roll in Wyckoff Accumulation Method
I am not sure yet because of there are diffrent typs of Wyckoff Accumulation and Distribution so cant ruled it out which one is going to playout but the best method is wait and watch either we could find support at 15500$ which will be aslo considered as a Wyckoff Accumulation or we could take out that low to make ATL ( bottom ) for BITCION
WHATS MORE LIKLY ?
In my opinion more likely Bitcoin has to take that low to create a bottom arround 10K to 8K before new bullrun
"Bitcoin Price Rises Northward in Recovery Effort" Bitcoin's price is trending upward, attempting to recover recent losses that wiped out $90 million in open interest from the market. With the 25-day Exponential Moving Average (EMA) hovering at $34,572, BTC is striving to reclaim territory above the crucial resistance level at $36,788. To confirm an upward move, investors should monitor Bitcoin's price breaking and closing above $36,788. This would set the stage for BTC to target the highest range within $37,972 before reaching the psychological level of $38,000.
In the case of a strong uptrend, Bitcoin's price could extend its reach to the psychological level of $40,000, representing a 10% increase from the current level.
The Relative Strength Index (RSI) is pointing upward, indicating increasing momentum, while the Awesome Oscillator (AO) remains in positive territory, providing additional confidence in the bullish argument. Conversely, another rejection from the $36,788 resistance could lead to Bitcoin losing support from the 25-day and 50-day EMAs at $34,572 and $32,456, respectively, before descending into the supply zone, becoming a trend-reversal tool. In this scenario, it may test the 100-day EMA at $30,528.
"Bitcoin Slides on ETF Closure Fears, $90M Profits Vanish" Bitcoin witnessed a nearly 5% decline on Tuesday, dropping to $35,500 as the cryptocurrency market grows apprehensive ahead of November 17. This downturn resulted in the liquidation of 119,246 million dollars in long positions, erasing $90 million in open interest for BTC.
Alternative currencies also faced liquidation, totaling $194.57 million, under substantial selling pressure. Bitcoin holders and the entire cryptocurrency market are eagerly anticipating developments from the U.S. Securities and Exchange Commission (SEC) following recent statements that the financial regulatory body has a narrow 8-day window to approve or reject a Bitcoin spot ETF. With the closing window, the market is increasingly on edge.
Bitcoin's 5% drop and the liquidation of $120 million in long positions come as the SEC remains silent just three days before the deadline. The lack of clarity or hints from the SEC regarding the ETF registration has led to a negative market response.
BTCUSD: BUY
BTCUSD is now close to the support level. If it does not fall below this support, it will rebound first to test the resistance level. If it breaks through, it will continue to rise and break through the previous high. If it falls below the support, the long transaction should be closed.
Bitcoin Dips Below $37,000 Ahead of US CPI Data Bitcoin experienced a surge to nearly $38,000 last week, marking its first such peak since May 2022. However, the cryptocurrency faced a retreat, sliding to $36,880 as traders awaited the release of Consumer Price Index (CPI) data on Tuesday. The overall CPI, a closely watched inflation indicator tied to changes in the cost of living, is expected to show a 0.1% increase from the previous month in October. This marks a significant shift from the 0.4% rise observed in September.
In his recent speech, Federal Reserve Chairman Jerome Powell stated that the US central bank would not hesitate to raise interest rates to ensure price stability. Powell expressed skepticism that the Fed had reached a sufficiently restrictive stance.
Bitcoin traders remain cautious as the core CPI inflation rate, excluding volatile items like food and energy, indicating a long-term inflation trend, is predicted to stay at 4.1% YoY and 0.3% MoM.
This price dip in Bitcoin ahead of the CPI data underscores the market's sensitivity to inflation figures and central bank policies. Investors are monitoring these developments closely as they assess the potential impact on the cryptocurrency market amid broader economic uncertainties.
BITCOIN This'll be the last pullback before the parabolic rally** ETF anticipation **
Bitcoin (BTCUSD) is rising against the majority's sentiment, which is something it does more often than not, fueled of course on a large degree by the heavy speculation over the SEC's Bitcoin ETF decision. Fundamentally, an approval can certainly cause another leg upwards based on euphoria, before the effect recedes as we move towards Halving 4 in April 2024.
** The RSI's Fibonacci Channel motion **
Based on certain technical data on the 3W time-frame, we can technically see only a minor uptick and then a multi-week pull-back before the bullish trend is resumed. This is based on the 3W RSI, which is trading inside a Fibonacci Channel Down since its inception, testament that despite BTC's enormous long-term growth, each Cycle shows diminishing returns (as adoption gets higher).
The RSI is almost on the 0.5 Fibonacci retracement level, which in the past has delivered a pull-back to at least the 0.382 Fib (exception September 2019 when it dropped lower as it corrected the huge Libra hype). The 0.5 Fib rejection is shown by the red arrows. When a rebound took place on the 0.382 Fib (green arrows) Bitcoin started a rally that never looked back. The whole price action is displayed by the blue circles. On top of that, see how beautifully the overall motion is depicted by the Sine Waves.
** Last correction before the rally **
Of course much depend on the upcoming ETF decision, but even in the event of a considerable new price surge, BTC should technically give one last pull-back at least to the 0.382 3W RSI Fib, that will most likely be the last opportunity to buy before the Bull Cycle's parabolic rally starts.
Do you agree with this RSI Fibonacci projection? Feel free to let us know in the comments section below!
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Bitcoin's Journey Towards the $40,000 Resistance Level Bitcoin has experienced a notable recovery over the past few months, surging from $25,000 to $38,000 in less than two months. The potential for further upward movement is anticipated in the coming days and weeks until it reaches the key resistance level of $40,000. The strategy involves waiting for the price to close above the minor resistance level of $3,718.5, with a plan to initiate a buy trade upon achieving this closure. The target for this trade is set at the daily main resistance level of $40,000.
On smaller timeframes, such as the 15-minute chart, the price is forming a reverse head and shoulders pattern, indicating a continuation of the upward trend.
Analyzing this currency pair, the focus is on the anticipation of a bullish breakout above $3,718.5. Once confirmed, traders may look for buying opportunities with a target set at the significant daily resistance level of $40,000. The presence of the reverse head and shoulders pattern on the 15-minute chart adds a bullish signal to the overall analysis, suggesting potential sustained upward momentum in the near term. However, as with any financial market, traders should exercise caution and be mindful of potential market fluctuations.
BTCUSD Triangle flag formation in one hour chartBTCUSD is going to break the triangle flag pattern, After reaching the 18 month high its briefly retrace back towards 35800.00 and bouncing back.36800 is currently acting as support for the bull Strong bullish momentum in the market will drive the BTC towards north. watch out the break and retest around 37200.00 level. Possible upper side target will be 38900.00.
Bitcoin Surges Past $37,000 in a Short Time On Thursday, November 9, the world's leading cryptocurrency, Bitcoin, rapidly surged above $37,000, approaching the $38,000 mark, marking its first such increase in 18 months. The remarkable 5.69% growth in less than a day (adding $2,000 to its price) is attributed to analysts at Bloomberg anticipating that the U.S. regulatory agency, the SEC, will face a "short window" to greenlight 12 Bitcoin futures ETFs, including BlackRock (NYSE: BLK) and Grayscale, within the next 12 days, starting from Thursday.
Another Bloomberg analyst, James Seyffart, shared his expectation that the regulatory agency will approve the first BTC ETF in early January, stating a 90% probability of such an occurrence.
Following Bitcoin's growth, Ethereum also experienced a significant increase, reaching $2,133. However, both leading cryptocurrencies have since lost some momentum, with Bitcoin trading at $36,943 and Ethereum at $2,071.
Bitcoin's Surge Near $38,000 Amid Bitcoin ETF EnthusiasmOn Thursday, Bitcoin prices experienced a sharp rally, reaching a new 18-month high of around $17,999 before returning to $36,419. BTC/USD continues to trade within the confines of an upward channel on the 60-minute chart.
The price of the leading cryptocurrency is currently trading above several levels of the 100-hour moving average. As a result, Bitcoin has risen into overbought territory on the 14-hour RSI indicator.
From a fundamental perspective, Bitcoin is trading after building positive sentiment in the context of the enthusiasm surrounding the Bitcoin Spot ETF. While approval in the United States is still pending with the SEC, news emerged earlier this week that Hong Kong may consider joining the breakthrough and allowing Bitcoin Spot ETFs as part of their broader strategy for the cryptocurrency economy.
BTC/USD is also influenced by the latest economic data from the United States. On Thursday, initial jobless claims for the week ending November 3 came close to surpassing expectations of 218,000, with the number of claims standing at 217,000.
At the beginning of the week, U.S. consumer credit in September failed to meet the expected $10 billion, recording $9.06 billion instead. Wholesale inventories in the period also did not match the expected 0% change, posting a 0.2% change. In other areas, mortgage applications for the week ending November 3 increased by 2.5% compared to the previous -2.1% change in the prior update.
BITCOIN Is this the temporary Top before the Halving?Bitcoin (BTCUSD) has almost hit 37k today, and is getting closed to the 0.618 Fibonacci retracement level (39300), which is a key level for the Bull Cycle. We may be seeing a temporary Top for the market on what can be the start of a few months of sideways trading/ consolidation before the price starts rising again towards Halving 4 (April 2024).
The reasoning behind this assumption is that the Higher Lows trend-line that starts at the bottom of every Cycle, formed medium-term Tops (green circles) in the past two Cycles on February 15 2016 and February 10 2020, as it turned into a Higher Highs Resistance. The price has been at or marginally below the 0.618 Fibonacci level on those occasions. At the same time, the dashed Higher Lows trend-line always supported, with the exception of March 2020 and the COVID crash, which was a market extreme. Every Cycle has so far had its own extreme event below the dashed Higher Lows, whether that was the Bitfinex crash in August 2015 or more recently the FTX crash in November 2022.
Needless to mention that after a certain point, the 1W MA50 (blue trend-line) always becomes the Bull Cycle's long-term Support, and it appears that we are once more past this level as it successfully held from August until September. It is therefore very encouraging for long-term investors that both the 1W MA50 and the dashed trend-line have most likely turned into the Support levels that will lead to the point that the Parabolic Rally will take off but at the same time, we may be entering a phase where for a few weeks, BTC will trade sideways in a potential new accumulation phase.
So what do you think? Is Bitcoin about to price a temporary top or will it march past the 0.618 towards 45k-50k? Feel free to let us know in the comments section below!
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BTC expected to hit 40086 if breakout this highBTC expected to hit 40086 if breakout this high. The pattern setup is under progress and if it breakout this last High then expect it to hit above 40K.
BITCOIN Closer to the Parabolic Rally than we think!Bitcoin (BTCUSD) typically starts the (final and most aggressive) Parabolic Rally sequence of the Bull Cycle straight after each Halving event. The next one (Halving 4) is expected in April 2024. Not too far away but the Vortex Indicator (VI) and Bollinger Bands Width (BBW) on the 2M time-frame show, we may be on the verge of starting it before the Halving.
As you can see, the BBW historically bottoms after the Halving and may have as a Support a (dotted) Lower Lows trend-line. It is on course to bottom there in March 2024. But it is the VI, which may only be max 2 months away from making a Bullish Cross, which is a formation it has historically done right before BTC starts a long-term sequence of straight green candles (Parabolic Rally) straight to the Bull Cycle's peak.
As a result, we may see this cross taking place on the next 2M candle (Jan 2024). What do you think? Can it be that we are that closer to the start or a "green only candle rally" than we think? Feel free to let us know in the comments section below!
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BTCUSDNothing more about CRYPTOCAP:BTC after this chart
remember that my words
accuumulation is name of the capitulation
#bitcoin
#bitcoinetf
#bitcoinnews
BTC - Strong BullishThe first target of the BTC is $38,300
The second target of the BTC is $40,500
If second target breaks, then the third target will be $43,455
Stop Loss $30,000
BTCUSD Possible further upside!The electronics market is persistently declining, currently at approximately $34,400. Based on the 3-hour chart analysis, the trend line is seen as a strong support level that could drive prices upward in the near future. The immediate hurdle lies at $35,382, and surpassing this resistance is anticipated to bolster Bitcoin (BTC) for further valuation increases.
What are your opinions regarding this analysis? Do you concur?
BITCOIN Will a BTC ETF mirror Gold's post approval +350% rise?Undoubtedly it's been the talk of the year. We are talking of course about a potential Bitcoin ETF approval by the U.S. Securities and Exchange Commission (SEC). Many analysts believe that BTC's recent rise has been due to euphoria on a potential positive result. Expectations certainly are not always met but this time, they are higher than ever.
** Are Bitcoin and Gold comparable? **
So, do we have any historic framework to relate to and work on? Possibly. Bitcoin (BTCUSD) has been dubbed as the digital Gold due to its store of value (theoretical) attribute. Even though they are different markets and two assets that certainly have different volatilities, it is understandably so, as Bitcoin (portrayed on the chart by orange trend-line) is relatively new (compared to Gold's traditional monetary backing), on much lower capitalization and is natural to be so volatile in its early stages until mass adoption happens and the market matures.
** Gold's ETF approval pattern **
As a result, Gold's ETF introduction back in March 28 2003 may be the perfect (and perhaps only dependable) comparison we can make if we want to put a potential Bitcoin ETF approval into context. As you can see, Gold (portrayed on the chart by the candles) rose massively by +350% since its ETF approval. The rise from the previous peak (January 1980) to the post ETF one (August 2011), has been +124%. Even though they are on different time-frames (but understandably so as Bitcoin is digital and moves on a much faster pace), we have adjusted BTC's last Bear Cycle and the subsequent first Bull Cycle rally, on Gold's price action from the 1980 peak to the March 2003 ETF approval. Of course this assumes that Bitcoin's ETF will be approved and even more so now, but this is the only basis for comparison we can make. When/ if approved, the width (and price ranges) can be adjusted.
** Bitcoin's projection based on Gold's ETD pattern **
So on the right chart we can see a post ETF approval projection for Bitcoin based on Gold's pattern. As +350% rise would push the price near $160000. The symmetry is astonishing as the peak-to-peak trend-line from BTC's November 2021 High to that potential +350% one (160k) would also be +124%, exactly like Gold's! Amazing coincidence indeed but certainly shows us just how pattern recognition and comparison can give interesting results. Especially on identical fundamentals.
But what do you think? Will a SEC approved Bitcoin ETF follow into Gold's footsteps? Feel free to let us know in the comments section below!
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btcusd analysis. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BTCUSD towards 36000?BTC is moving in range, wait for the breakout to get trade or place your buy and sell stop with given Tp's.
Mange your risk according to account size!
💡 BTCUSDT: Accumulated for many daysBTCUSDT experienced two consecutive days of price gains over the weekend. However, on Saturday, the daily candlestick formed a bearish pin bar pattern with a long upper shadow and a close at the midpoint, indicating resistance from sellers in the upper range. Sunday's daily candlestick saw a modest increase but traded within a narrow range, failing to surpass Saturday's high. In summary, the two-day price increase doesn't suggest a significant upward pressure.
On the BTCUSDT H4 chart, the price continues to consolidate within a relatively tight range. Given that the BTCUSDT D1 chart has been in an overbought condition for several recent price bars, and the H4 chart typically trends upwards before consolidating, the prudent approach at this moment is to await a price decline towards key support levels before considering long positions. Avoid chasing the price higher to minimize the risk of falling into bull traps, as analyzed on the daily chart.
BITCOIN Get ready for $36.5k. One opportunity only to buy lower.Bitcoin (BTCUSD) is on the rise again following a late Sunday pull-back. This is a short-term analysis on the 4H time-frame where we point out the similarities of the current fractal with October 02 - 06 and September 19 - 23. As you can see the blue circle indicates that BTC already priced the first Low on the 0.236 Fibonacci level when the descending (Channel Down) RSI pattern that hit the Arc shape, and there is one possibility to make a Lower Low when the 4H RSI hits the 30.00 oversold mark. That will be the most optimal buy entry for those who missed the rally.
If however the price breaks above the 35150 High (Fib 1.0) then we will have a standard bullish break-out signal in our hand. In both cases our (short-term) target is the 1.618 Fibonacci extension at $36500.
Do you think Bitcoin will give that pull-back opportunity before 36.5k? Feel free to let us know in the comments section below!
BONUS MATERIAL:
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