Bitcoin Surges to $35,200: Crypto Market Optimism"Bitcoin's price has surged, reaching a 17-month high of over $35,200. This rapid increase of nearly $5,000 in just one day has pushed the total cryptocurrency market value beyond $1.24 trillion. As predictions about a Bitcoin ETF continue to rise, trading volume is nearing the $100 billion mark. Despite the upward trend, warnings about potential risks associated with late buy orders being erased by market makers have been issued. Analysts suggest that this market growth indicates a continued upward trajectory led by Bitcoin. Meanwhile, Steem, a potential alternative cryptocurrency, demonstrated significant potential with a 25% increase, outperforming Bitcoin's 12% rise. Investors are strongly advised to consider investing in Steem. Analyst James Stanley emphasizes the inverse correlation between DXY and BTC, predicting that upcoming Personal Consumption Expenditures (PCE) data on October 26, 2023, could significantly impact BTC prices.
Btcusdsignals
BTCUSD BUY ON DIPS FROM STRONG SUPPORT !!!Hello Friends as i can BTCUSD had done a huge retrace to this zone now its time to buy an hold BTC to let it make a new high in Crypto market
Friends as u can see our previous analysis on btc sell order trigger and hit all TP Friends market is now @ strong support zone and we cannot miss this entry with a small risk
& looking for higher rewards Friends dont forget to push like and comments we appropriate ur love an support
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BTCUSD 4H : Waiting for breach 35048BTCUSD
New forecast
The price perfectly fulfills my last idea and price reached to our first target and now on the way to reach the second target .
Bitcoin price resumed its positive trading after reaching our expected target at 35048 and rebounded from it, trading near the 35048 barrier, waiting for it to breach to achieve our next positive target at 35754 and 37000.
The ascending channel continues to organize the proposed ascending wave, and supports the chances of achieving more gains in the longer term, recalling the importance of stability above 33022 for the continuation of the expected rise. so it is possible to do a retest and then rise up and the main condition to be up trend is stability above 35048 and then our targets will be activate .
The expect range trading for today will be between resistance line 35754 and support line 33022.
support line : 33022 , 31044
resistance line : 35048 , 37000
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
BITCOIN When 100k Sir? Pick your poison..Bitcoin (BTCUSD) has started yet another of its impressive rallies and it's not even its final year parabolic one as we aren't yet past the next Halving! However as you can see on this 1M chart, +300% (310 in our particular example) rallies aren't all that uncommon for BTC even in the stages before the final parabolic rally, which is historically the most aggressive of the Bull Cycle.
In fact, since 2015, Bitcoin had 2 such +310% rallies on each Cycle (4 in total), before the parabolic one. The most aggressive took 4 months (120 days) to reach +310%, the next one 8 months (244 days), then 10 months (305 days) and the longest one took 13 months (395 days). It's worth noting here that so far we haven't had any such rally during the current Cycle.
Based on these ranges we can expect a +310% rally on Bitcoin, which would make a direct hit on the psychological and highly anticipated macro level of $100k, either on January 2024, May 2024, July 2024 or October 2024. Rallies of such magnitude don't happen without a reason and with the high anticipation of the Bitcoin ETF, the market may have the catalyst it needs to really boost this rally. Depending on its magnitude, media awareness and pure demand, pick you expected date!
So do you think we will reach 100k sooner or later based on this model? Or we will need the final parabolic rally to do so? Feel free to let us know in the comments section below!
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BTC/USD: Overcoming important resistance zone
Bitcoin broke through an important resistance zone at the July peak at 31800, thereby creating a Double Bottom pattern (bottoms in June and September 2023), opening up the potential for a price increase to 39000. Bullish Momentum The strength helped BTC surpass the 200-day MA, coinciding with the August peak (28150). Additionally, on the weekly chart BTC broke above the Ichimoku cloud for the first time since 2021
Bitcoin 25/10 MovePair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves. If it Rejects from the Upper Trend Line of the Corrective Pattern " Rising Wedge " in Long Time Frame then It will Completed the Retracement for the Break of Structure and " A " Corrective Wave
Entry Precaution :
Wait for the Proper Trend Reversal / Rejected Price Actions
BITCOIN Fueled by sellers! There is no going back from this!Bitcoin (BTCUSD) had yet another great fractal signal last time we looked (October 13) that caught this whole $8000 rally from the 1D MA50 (see chart below):
Many still argue that fractal analysis doesn't work, but for BTC in particular it has proved that time and time again, helps at providing timely entries and exits, especially on the long-term time-frames.
Such is the 1W time-frame, where we want to shift our attention to today. The price broke above the 0.5 Fibonacci retracement level (top to bottom Cycle), while the 1W MACD formed a Bullish Cross. Remarkably, when those parameters were fulfilled, while BTC was supported by the 1W MA50 (blue trend-line), the market 'never looked back' from this. Exception and slight delay to this sequence was the March 2020 COVID crash (black swan event), as the price wouldn't have broken below the 1W MA50 or the 0.5 Fib as a matter of fact, if this 'irregularity' hasn't happened.
Also, the 1W MACD wouldn't have broken below its Higher Lows trend-line, a line taken from the 2015 - 2017 Bull Cycle. If we apply it again on the current Cycle, we can see how well it has been holding. Every 1W MACD Bullish Cross is a buy opportunity from now on.
Technically we should see new All Time Highs within 8-10 month from now. But what about you? Do you agree with this historical correlation and that 'there is no going back from this' for the price now? Feel free to let us know in the comments section below!
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BTCUSDT BITSTAMP:BTCUSD has had a major push breaking above the 30,500 resistance area. We just might see a push back into that area again to retest the broken resistance as a new found support, if it is sustained, price may end up pushing higher and if otherwise, we may see price pushing lower.
Support areas to keep in mind, 30,500; 25,000; 19,500 and 15,981
Resistance to keep in mind 43,500; 58,800
Happy hunting
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
BTC Surges Past $35,000! Join the Excitement and Long BTC Now!I am thrilled to share with you some exciting news that has sent shockwaves through the market: Bitcoin (BTC) has just broken through the $35,000 barrier, reaching new heights in its incredible journey!
But that's not all! As if this milestone wasn't enough to get your heart racing, the Blackrock Ishares Trust has recently been listed on the Depository Trust and Clearing Corp (DTCC). This development further solidifies BTC's position in the financial industry and signifies a significant step towards mainstream adoption.
Now, let's take a moment to appreciate the magnitude of this breakthrough. Bitcoin has been on an astonishing bull run, defying expectations and proving its resilience time and time again. With each new high, it becomes increasingly clear that BTC is here to stay. The potential for substantial gains has never been more real!
So, what does this mean for you, dear traders? It's an invitation to seize this opportunity and ride the wave of BTC's success. With its recent surge, Bitcoin has once again captured the attention of both seasoned investors and newcomers alike. The time to act is now!
If you haven't already, consider taking a closer look at the potential benefits of longing BTC. By embracing this exciting trend, you position yourself to capitalize on the market's upward momentum. The Blackrock Ishares Trust listing on DTCC further reinforces BTC's legitimacy and opens doors to a broader range of investors, potentially driving prices even higher.
Don't let this moment pass you by. Join the ranks of those who have recognized the immense potential of Bitcoin and take action to long BTC today! Remember, the cryptocurrency market is dynamic and ever-changing, and the opportunities it presents are time-sensitive. Don't wait for the next big announcement; make your move now!
To get started, I encourage you to conduct thorough research, consult with trusted experts, and carefully consider your trading strategy. As always, it's essential to stay informed, practice risk management, and make well-informed decisions.
Let's embrace the exhilaration of this moment together and set our sights on reaching new heights with BTC! Long Bitcoin and embark on this thrilling journey of potential wealth creation.
Wishing you profitable trades and endless excitement!
Bitcoin Soars: iShares BTC Trust Listing Sparks RallyBitcoin (BTC) price is surging, gaining momentum after breaking through key weekly resistance. This increase has witnessed the leading cryptocurrency breaching crucial resistance barriers to set its sights on a high price target of $35,000. Bitcoin's price is on the verge of testing the $35,000 mark.
BTC recorded a 17% increase in 24 hours, reaching a daily high of $34,741 on October 23rd. This surge was followed by a rapid decrease to the current price of $32,914, with further upward potential indicated as the Relative Strength Index (RSI) continues to show an upward trend. Increasing buying pressure could extend BTC's high momentum, aiming for the psychological level of $35,000.
BITCOIN H&S close to being invalidated.Bullish move of the year?Bitcoin (BTCUSD) almost hit today 31050, which is the Shoulder level from the April 14 High that formed the Left Shoulder of the Head and Shoulders (H&S) pattern of the last 6 months. As long as this holds, it will be the Right Shoulder of the pattern, which translates into a Sell Signal, targeting the 28150 Support and potential contact with the 1D MA50 (blue trend-line).
If on the other hand the price closes above the Shoulder level or better yet the Head level (31830), it could be perhaps the bullish break-out move of the year. A H&S pattern typically targets the 2.0 Fibonacci extension from Head to neckline. We could assume that the 2.0 Fib invalidation target could be from neckline to Shoulder level. That would give us a buy target slightly above 37000.
Feel free to let us know in the comments section below!
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BTCUSD:; Bitcoin forecast next week: Approaching the $30,000 marSince the beginning of October 2023, Bitcoin price has increased 8.3% and is approaching the psychological barrier at the 30,000 USD mark. Finance BankingBitcoin forecast next week: Approaching the 30,000 USD markDuong Lam • {Publishing date}Since the beginning of October 2023, Bitcoin price has increased by 8.3% and is approaching the psychological barrier at the 30,000 USD mark.
According to CoinDesk data, updated on the morning of October 22 (Vietnam time), Bitcoin price traded at 29,880.3 USD/BTC, corresponding to a capitalization of 583.2 billion USD. Compared to early October, this cryptocurrency has increased by 8.3%.
“Bitcoin's bullish momentum is supported by positive news about the possibility of approval of an exchange-traded fund (ETF) for this cryptocurrency next week, along with an increase in applications to open a fund Bitcoin ETF,” said Lucy Hu - senior trader at Metalpha.
Bitcoin's Comeback: Catalysts AwaitThe impact of the Federal Reserve's decisions on maintaining or reducing interest rates significantly influences the pricing of Gold and Bitcoin. While low-interest rates are generally favorable for Gold as they reduce the opportunity cost of holding the precious metal, Bitcoin's price reactions depend on various factors.
If the Fed's monetary policy responds proactively to economic concerns or recessions, it could drive Bitcoin prices higher. However, there are factors beyond interest rates to consider. A potential rebound is anticipated due to the Bitcoin halving event scheduled for April 2024. Additionally, the approval potential of a Bitcoin ETF just before the SEC's initial deadline on January 10 could act as a catalyst for Bitcoin. Recent reports of approved ETFs quickly boosting BTC by 10% support this notion.
This means that if the Fed chooses to maintain high-interest rates, it might exert downward pressure on Gold prices over time. However, Bitcoin could still sustain its upward trajectory based on other catalysts.
According to Forbes' report, markets and policymakers anticipate that interest rates may only decrease by late 2024. Geopolitical situations and policies also influence the price fluctuations of both assets, making their relationship increasingly intricate. Nonetheless, based on predictions surrounding the Fed's policy decisions and catalysts like ETF approvals and the potential halving-induced price surge, Bitcoin might gradually begin to outperform Gold in the coming year.
BTCUSDHey Folks
I used two best methods for Bitcoins Prediction
Method 1
I used harmonic pattern on Bitcoin
Which have two situations it could be Simple Shark 🦈 which is end at 0.886 fib ratio or it could be ALT Shark 🦈 which ends at 1.13
Second Method is I used Wyckoff method and I tried my best for it because it's a bit difficult pattern to analyze but anyway I have done it pretty well which also have two condition's which is Distribution schematic #1 and #2 Just wait and see where phase ( C ) gonna end.
Bitcoin Trade Set up for Me! {07/08/2023}Educational Analysis says BTCUSD may move in this range for some time according to my technical.
Broker - Bitstamp
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because BTC fair value gaps are unfilled in a 4-hour time frame.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
The Rectangle box is an Order block for trading.
The blue line is high and low of the current price.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
BITCOIN Overbought but it doesn't matter!Bitcoin (BTCUSD) is rising strongly today, against the majority's sentiment which after the ETF fake news earlier, was calling for (much) lower prices. We are almost on Monday's High, with the 1D RSI overbought above the 70.00 territory, but that may not matter at all, in case you are expecting a technical correction.
Assuming the 1 year pattern is a Channel Up, the current rise is the technical bullish leg towards a new Higher High. It is supported by the 1D MA50 (blue trend-line) and now by the 1D MA100 (green trend-line) as well. The previous bullish leg was also confirmed after breaking above the Lower Highs trend-line but didn't stop despite turning overbought on the 1D RSI. On the contrary it needed to form a Bearish Divergence of Lower Highs, before the first pull-back took place.
As a result, we don't expect a correction now, despite the overbought RSI but rather will wait for at least 3 Lower Highs, in order to take profit and wait for a 1D MA100 correction. That will be the buy with which we will target a symmetrical Higher High at 35500 on the 1.5 Fibonacci extension.
But what do you think? Does it matter that BTC is overbought or not and we will see much higher prices now? Feel free to let us know in the comments section below!
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BITCOIN 7 months of PAIN coming to an end??Bitcoin (BTCUSD) broke this week above the 1W MA100 (green trend-line) for the first time since the weekly candle of May 02 2022. The weekly candle closing is of particular interest as the price has quickly pulled back so far below the 1W MA100 (cointelegraph's fake news tweet). If it closes above it, then we may finally see an end to BTC's painful 7-month consolidation that is loosely supported by the 1W MA50 (blue trend-line).
Along with the 1W MA100, we may also get a huge bullish signal from the 1W RSI, which broke above its Lower Highs trend-line (that is in effect throughout the whole consolidation), and if the week closes above it, will give the early buy. An emerging Bullish Cross on the 1W MACD, will come as the icing on the cake to confirm the bullish break-out.
But what do you think? Do you think this 7-month agony is about to end on this week's closing? Feel free to let us know in the comments section below!
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Bitcoin/Gold Ratio Drops by Over Half from 2021 to 2023"The Bitcoin/Gold ratio continues to decline. This ratio, indicating how much gold is needed to buy one Bitcoin, has experienced a significant drop over the past two years. In November 2021, the ratio stood at 35, but by 2023, it had decreased to 15. According to Longtermtrends' calculations, in January 2022, this ratio narrowed from 24 to 9 by the end of the year during the cryptocurrency market downturn. In 2023, the ratio fluctuated between 10 and 15, showing that fewer ounces of gold are now required to purchase Bitcoin, indicating gold's superior performance compared to Bitcoin. Bitcoin awaits a resurgence driven by external catalysts.
The impact of the Federal Reserve's decision to maintain or reduce interest rates will affect the pricing of both Gold and Bitcoin. While low-interest rates are often seen as positive for Gold, as they reduce the opportunity cost of holding the yellow metal, Bitcoin's price reaction depends on multiple factors.
If the Fed's monetary policy reflects pre-emptive responses to economic concerns or economic downturns, it could push Bitcoin prices higher. However, there are factors beyond interest rates to consider. A potential recovery is looming with the Bitcoin halving event scheduled for April 2024. Additionally, the approval possibility of a Bitcoin ETF just before the SEC's first deadline on January 10 could serve as a catalyst for Bitcoin. This was hinted at by recent reports of ETF approvals that swiftly propelled BTC up by 10%.
This means that if the Fed decides to maintain high-interest rates, it may exert downward pressure on Gold prices over time, but Bitcoin could still maintain its upward momentum based on other catalysts.
Based on Forbes' report, markets and policymakers expect interest rates to only decrease by late 2024. Geopolitics and policies also influence the price movements of both assets, making the relationship more complex. However, based on predictions surrounding the Fed's policy decisions and catalysts such as ETF approvals and the potential halving-induced price surge, Bitcoin might gradually start to outperform Gold in the coming year.
"Bitcoin Seeks SEC Decision Support"Bitcoin, trading at $28,538 at the time of writing, grabbed headlines on Monday due to a spike caused by fake reports. The cryptocurrency surged over 10% before dropping to $28,500, triggering a $86 million short-selling liquidation. Despite the truth emerging, the ETF saga continues. The Securities and Exchange Commission (SEC) is set to announce its decision regarding Fidelity, VanEck, and WisdomTree's spot ETF registrations on October 17 (today). According to Bloomberg ETF analyst Eric Balchunas, approval might be delayed until January 2024.
Even in correction, Bitcoin may dip to $27,418, maintaining its leading position in the uptrend. However, losing this support, along with the 50, 100, and 200-day Exponential Moving Averages (EMAs), could invalidate the bullish case, pushing the cryptocurrency below $27,000 and towards $26,483.
Stay tuned for updates on Bitcoin's evolving situation.
BITCOIN Just accept that we are NOT going any LOWER than this!Kind of catchy title but 100% true nonetheless, at least according to this chart. On today's analysis we see Bitcoin (BTCUSD) on the 1W time-frame, supported by the 1W MA50 (blue trend-line).
Every time on these Cycles you see it broke above the previous Resistance (dashed line) and turned it into Support without breaking it, while the 1W MA50 was supported and a 1W MACD Bullish Cross took place above the 0.0 neutral mark, BTC never reached any prices lower than that and instead initiated a parabolic rally. We can see that when the Resistance-turned-Support broke due to the COVID crash, the 1W MA50 had also broken already (November 2019), while the 1W MACD Bullish Cross took place below 0.0. Thus not a sign of a parabolic rally.
These set of parameters show that indeed BTC won't be going lower than last months bottom any more. Do you think that will be the case and we can call September's low a bottom? Feel free to let us know in the comments section below!
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Bitcoin's Wild Ride Amid ETF RumorsBitcoin's price surged by 10% in the early hours of New York trading after news broke that the U.S. SEC had approved the iShares Spot BTC ETF. However, this uptick was short-lived due to the confirmation that the news was false.
Long-time traders who had opened short positions faced significant losses, with nearly $80 million in short positions liquidated, alongside about $18 million in long positions. This reaction could signal a potential market crash if the U.S. SEC indeed approves the immediate BTC ETF, an outcome it's currently considering. The false rumors pushed Bitcoin's price down to the $28,000 range, with the Relative Strength Index (RSI) holding above 50.
The unusually long daily candlestick resulting from these mistaken speculations resembles a true 'exhaustion candle' and might indicate an upcoming reversal in the short-term uptrend, hinting at vulnerabilities ahead. Bitcoin's price could lose its entire foundation by October 16, potentially dropping below the psychological support level at $26,000. Breaking below this trendline would confirm even deeper losses.
Only a daily candle closing above the resistance level at $29,747 could confirm the uptrend, paving the way for an extension towards the psychological level of $30,000. In a strong bullish scenario, Bitcoin might surpass July's peak, reaching the upper range of $31,804. Such a move would represent a 15% increase from the current level.
Stay tuned for more updates as Bitcoin navigates these volatile market conditions.
BITCOIN Have you forgotten what LOGARITHMIC is all about??In the early days Bitcoin (BTCUSD) charts were very often about its parabolic rallies not just on a large Cycle scale but also shorter term. That's because its been having a Logarithmic Growth since its inception.
Lately though it appears that most have forgotten all about this. Let's refresh our memory on that logarithmic truly means for Bitcoin. On this 1W chart, we display BTC's heavy benchmarks on the logarithmic (log) scale. $1 gave way to $10 (leg a) in 17 weeks (119 days), then it took 96 weeks (679 days) to reach the (psychologically critical for the time) $100 benchmark (leg b). $1000 (leg c) was reached in 34 weeks (238 days), while $10000 (leg d) took 209 weeks (1463 days) after that to get hit.
Pure logarithmic growth, nothing more nothing less. An interesting observation here is that $100-to-$1000 (leg c) took double the time of leg a (c = a*2). In same fashion, leg d ($1000-to-$10000) was also almost twice as leg b (d = b*2). Could it be that the next leg (e), i.e. $10000 to $100000 (which is seen by the market as the new psychological level/ benchmark in Bitcoin's evolution) would be twice as lengthy as leg d, i.e. e d*2? This is translated to a time range of 418 weeks (2926 days), which gives us a rough projection of December 08 2025.
Could that be the correct timing for hitting Bitcoin's Holy Grail target or is it too late? Do you think its always good to keep an eye on the basics of Bitcoin's logarithmic growth? Feel free to let us know in the comments section below!
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BTCUSD 13/10 MovePair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Bearish Channel in Long Time Frame and Rejection from the Lower Trend Line and making Consolidation Phase in Short Time Frame if it Breaks Upper Trend Line then it can Reach its Previous Support or Upper Trend Line of Channel
Entry Precautions :
Wait until it Breaks UTL or LTL