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Btcusdtanalysis

📊#BTC in the complex consolidation stage, long and short need⚠️➡️In the complex consolidation stage, the profit-making efficiency is low, and it is easy to be worn out whether long or short, so it is more reasonable to focus on conservative trading. ✔️ 🧠From a technical analysis point of view, we have achieved our mid-term goal, and most of the profits from spot trading and futures trading have been locked here. Therefore, the selling pressure and divergence here will be relatively large, and it is very reasonable to stop and consolidate here. ✔️ ➡️For this unilateral rise, the daily K-line level adjustment we expected has never appeared, and there may be a large-level adjustment after the mid-term goal is achieved, so we cannot be too optimistic about the bullish trend. If there is a major cycle adjustment, I hope it can call back to the buying zone between fib0.382-fib0.618. If there is such an adjustment, it is very worthy of attention. 👀 ➡️How to judge the beginning of the adjustment of the big cycle❓ If we can fall below the turning point and continue the power of shorts, then there is a high probability that a major cycle adjustment will be realized. ✔️ ⚠️Note that technical analysis is for reference only, don’t forget risk management. If you find it useful, please don’t forget to follow, like and share my analysis post📤
by wolf_king888
3
🗺️Bitcoin Roadmap🗺️(15-minute time frame)🏃‍♂️Bitcoin is moving near the 🔵 CME Gap($40,325-$39,290) 🔵 and Support line . 🌊In terms of Elliott wave theory , Bitcoin seems to have completed its 5-wave downtrend near the support line. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect Bitcoin to Go UP at least until the end of wave 4 and at the next target of the 🔴 Resistance zone($43,180-$42,820) 🔴. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
16
Bitcoin Cash Surges After Whale AccumulationWhile Bitcoin Cash may not be making headlines in 2023, this altcoin is demonstrating optimistic signs starting in 2024. The Bitcoin-named cryptocurrency is undergoing a recovery, currently grappling with a crucial resistance level that has acted as a barrier to its recovery since July. Ahead of the FOMC meeting, investors exhibit caution, reducing risk as evidenced by a 40% drop in trading volume over the past 24 hours. Following the release of U.S. CPI data in November, the price of Bitcoin briefly surged to $42,000 before retracing. Looking ahead, the prevailing view is that the Fed will maintain interest rates at the target range of 5.25-5.50%. In the latest meeting in November, the FOMC held interest rates steady, consistent with the September meeting, signaling that rates may not change in the near future but remaining open to adjusting this stance based on economic conditions. The temporary halt in rate hikes is an anticipated outcome, allowing the Fed more time to assess whether the current interest rates effectively curb inflation that poses a threat to economic growth. The target range of 5.25% to 5.50% was raised during the July meeting, marking the 11th interest rate hike in the 2022/2023 cycle, all aimed at managing inflation. This explains the observed uncertainty in Bitcoin prices.
BITSTAMP:BTCUSD
by Larissa-Trader
📊How does #BTC determine the true start of the bull market❓🧠From a structural point of view, we are in a decline that started under the suppression of a double-top short structure. If we want to start a bull market, the first thing to do is to break this short structure, so it is crucial to break through the short defense point above. If the breakthrough here is successful, it means that if there is no obstacle from the short structure, it is possible for us to continue the long trend. ✔️ ➡️It can be seen that if we want to break through the short defense point, we will inevitably encounter great resistance, and this location overlaps with the position of fib 0.382, so we will inevitably conduct multiple tests here. The first purpose is to digest this Selling pressure at the market, two: in order to attract more funds to enter the market. When the accumulated chips are enough, we will continue to launch an upward attack. Therefore, when we break through the short defense point and there is a callback, the buying area is very worthy of attention. 👀 ➡️In addition, according to the Elliott Wave Theory, if we look at it from a weekly level, we are completing the 5th wave. 📈 ➡️Based on trend FIB time analysis, we may break through the previous high or reach the bull market target area around December 2024🎯 ⚠️Note that technical analysis is for reference only, don’t forget risk management. If you find it useful, please don’t forget to like ❤️share my analysis post📤 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
Bitcoin Holds Strong at $40,000 Amid SEC ETF Anticipation Bitcoin (BTC) continues its upward trend despite early Asian trading hours witnessing severe downturns. The anticipation around the U.S. Securities and Exchange Commission (SEC) approving cryptocurrency exchange-traded funds (ETFs) plays a significant role. Google even hints at this, stating that "advertisers offering cryptocurrency trust funds targeting the U.S. to advertise those products and services" starting January 29, 2024. Notably, this aligns with the expected approval of Bitcoin exchange-traded funds (ETFs) in the U.S. during the same month. Bitcoin's price bouncing back to the $40,400 low is a healthy reassessment, with the $40,000 psychological level holding as support. If this level remains steady, the idea of a new all-time high could emerge. While the potential for price increase remains strong for Bitcoin, the Relative Strength Index (RSI) has yet to surpass 70. However, the Awesome Oscillator (AO), displaying significant green histogram bars, indicates the bullish presence remains robust. The RSI may simply stay above 70. Increased buying pressure at the current level could drive Bitcoin to break through the weekly supply zone ranging from $40,698 to $46,999. A weekly candle closing above the $43,860 moving average will confirm the continuation of the uptrend. Such a move would set the stage for Bitcoin to turn the weekly supply into a trend-breaking tool, confirmed by action above the $48,725 resistance. In the case of a strong uptrend, Bitcoin may extend to challenge the $66,098 resistance, turning it into support. Conversely, if the weekly supply is defended as a significant resistance zone, Bitcoin may head south, breaking the $40,000 support. A weekly candle decisively closing below this level could push BTC into a downward spiral, possibly testing the $30,000 psychological level.
BITSTAMP:BTCUSD
by Larissa-Trader
Bitcoin Core Developer Flags Ordinals as Blockchain VulnerabilitBitcoin Core developer Luke Dashjr argues that Ordinals represent a vulnerability causing transaction fees to rise and need to be eliminated. Addressing this loophole would remove Ordinals from the BTC blockchain, clearing clutter from the text strings. BTC Price Surges Nearly 11% in the Past Week, Reaching $44,700 on Friday. The online bitcoin community is embroiled in a debate over whether Ordinals pose a threat to the BTC blockchain. While Bitcoin Core developers like Luke Dashjr view text strings as spam, others see them as a development for the BTC blockchain on the X social media platform. Read also: Solana Continues to Attract Capital from Ethereum, SOL Price Maintains Above $72 Ordinals Currently Identified as a Vulnerability Luke Dashjr informed his 83,300 followers in a recent tweet on X that text strings are exploiting a vulnerability in Bitcoin Core to spam the blockchain. Since 2013, Bitcoin Core has allowed users to set limits on the size of additional data in transactions they forward. Text strings surpass this limit, making them "vulnerable." Dashjr states that Bitcoin Core remains vulnerable in the upcoming v26 release and developers hope to address this issue by v27 next year. The developer argues that miners must be honest and non-malicious, but allowing text string alterations on the Bitcoin blockchain will increase transaction fees. While advantageous for miners, it constitutes an attack on the BTC blockchain network. Text strings are considered a technical vulnerability that could have long-term implications for Bitcoin users due to its impact on network security and integrity. At the time of writing, Bitcoin is priced at $43,694 on Binance, bringing nearly an 11% profit for BTC holders on Binance over the past week.
BITSTAMP:BTCUSD
by Larissa-Trader
Bitcoin: "Gold on Steroids" with Surging Institutional Investmen Bitcoin has often been compared to gold over the years. Initially viewed as a "safe haven" similar to gold, analysts are now comparing the two investments to determine if Bitcoin meets the criteria of being "gold on steroids." In the past 5 years, up to November, Bitcoin's Sharpe ratio has competed favorably when compared to gold and other proven assets in the market. The Sharpe ratio is defined as the difference between risk-free and investment returns divided by the standard deviation of the investment. Timmer argues that Bitcoin is more volatile than most other assets, but this volatility impacts both directions, and BTC investments come with their own risk-reward profile, akin to what has been observed over the past decade. According to a report by CoinShares, institutional investors continue to pour funds into Bitcoin funds, with a weekly inflow of $132.8 million recorded as of December 4th. At the time of writing, the price of Bitcoin stands at $44,162 USD on Binance.
BITSTAMP:BTCUSD
by Larissa-Trader
Bitcoin's Potential Drop to $42,000 Hinges on US NFP ReportBitcoin's Price Faces Potential Decline Bitcoin is currently trading at $43,241, struggling to surpass the $44,500 mark, leading to minor corrections. While the broader market outlook leans towards an upward trend at the time of writing, the short-term picture suggests a potential downside. This is evidenced by the Convergence Divergence Moving Average (MACD) indicator. The diminishing green bars indicate a weakening upward trend, signaling a potential decline in Bitcoin's price. However, BTC is likely to retreat to $42,000 or $40,000 if the previously established support level is breached. This is a short-term scenario contingent on a stronger-than-expected NFP report. Yet, if the report is weaker or broader market signals shift towards an upward trend, a recovery from the $42,000 level becomes plausible. This would fuel an upward trajectory, pushing Bitcoin beyond $44,500 and undermining the bearish sentiment. The market dynamics are closely tied to the upcoming NFP report, and a divergence from expectations could significantly impact Bitcoin's price movements. Traders will be watching for signals of either a deeper correction or a potential recovery based on the economic data.
BITSTAMP:BTCUSD
by Larissa-Trader
$BTC Price Prediction: $136,000 (8 Green Weekly Candles Signal) (REPOST with better chart) We know a bull run is coming, with ETF approval and institutional money adding to volume early next year. But how high could BTC go? Here's an educated guess: We just closed 8 weekly green candles on Bitcoin. You can't see the last time this happened in many TradingView exchange charts, because it was back in 2017, and most of today's exchanges weren't even around back then. I had to look on INDEX:BTCUSD - if it's not working in this link, you have to type INDEX:BTCUSD into Supercharts, as they describe in the most complete Bitcoin trading history , to get to 17 April 2017, and count the eight green weekly candles to 5 June 2017. This was a move of 156%. After some consolidation, Bitcoin then went up in a bull run by 537%, to nearly $20k on 11 December 2017. This is a ratio of 3.4x. That's the ration for 156% for eight green weekly candles, followed by a 537% bullish move. Our recent eight weekly candles from 27K to $44k is an increase of 61.53%. If we have a proportional bull move after some consolidation, 3.4x this 61% is 209%. That brings us to $136k for the top of the incoming bull run. This is all speculation, NFA, I'm just a dude on the internet, and I'm probably wrong. But these numbers look intriguing, and give me a plausible exit point for the trades I'm making today.
INDEX:BTCUSDLong
by tokentradertv
BTCUSDT likely to head to 4h support around 41200-41700The price is trading inside monthly resistance and experiencing the expected push back. The price action is suggesting that we might be looking for a visit to the 4h support zone which sitting around 41200-41700. That support level should provice a bounce for another attempt at the monthly resistance but it is difficult to say if that bounce will have enough strength to break it. We will evaluate once the price in case reaches 4h support and bounces from there.
Short
by angela_altair
1
BTCUSDT on monthly resistanceLast we discussed the price action in october and we talked about the bounce from weekly liquidity zone offering maximum opportunity on the long side. The price action indeed was in agreement with that proposition. The price moved very steep move to the upside since then. It has now hit the monthly resistance where it is taking a respite. I believe the price will pause here probably after another push to the upside and experience some pullback before breaking this resistance. At first a pullback to the zone 41200-41700 cant be ruled out. There will be some long and short opportunity on lower time frames which I will share separately as I will take those trades.
by angela_altair
Bitcoin (BTC) Price Rally Sparks Enthusiastic MomentumAfter a period of consolidation, Bitcoin has undergone a rapid and decisive price surge. Successfully maintaining its position above both the 50-day and 200-day moving averages, indicative of robust and sustained bullish sentiment. The fanning out of the moving averages is often interpreted as a sign of increasing momentum. Furthermore, recent green candles on the chart, characterized by large bodies, reflect strong buying pressure. The absence of long wicks suggests that pullbacks are swiftly being bought, demonstrating a solid presence of fundamental buying strength in the market. This scenario often aligns with institutional investment activity, as institutions tend to execute strategic, large-scale purchases rather than quick transactions. In the immediate term, Bitcoin appears to be approaching resistance levels at recent highs, with potential pullbacks likely to test the strength of current support levels. As Bitcoin enthusiasts closely monitor these developments, the market dynamics indicate a shift towards a more optimistic outlook, driven by both technical indicators and institutional investment behavior.
BITSTAMP:BTCUSD
by Larissa-Trader
Bitcoin Price Expected to Surge by 20% to $50,000 The price of Bitcoin (BTC) is currently on an upward trend. Surpassing the psychological level of $42,000 has sparked optimism, with Bloomberg setting an ambitious target for the largest cryptocurrency by market capitalization. According to the news outlet, Bitcoin reaching $42,000 is just the beginning of a new crypto super cycle that could propel the world's largest token to over $500,000, as advocates claim it heralds a new monetary order making waves on Wall Street. Meanwhile, the price of Bitcoin is caught within a weekly supply zone ranging from $40,517 to $46,972. To confirm the continuation of the primary trend (upward on the weekly timeframe), the price needs to break and close above the midpoint of the supply barrier at $43,860. A decisive move above this level could see Bitcoin extending its rally, turning the supply zone into a bullish trend-breaking tool as BTC aims for the forecasted psychological level of $50,000. In the case of a significant price increase, the surge may encounter resistance at $55,560. It is even plausible to extrapolate these increases to the highest range of $66,098. Such a move would constitute a 56% increase from the current level. The Relative Strength Index (RSI) supports this outlook as its upward movement indicates bullish momentum. Similarly, the bars on the Awesome Oscillator (AO) chart are green in the positive zone, signaling that the bull camp is leading the market. These factors add confidence to the optimistic viewpoint. As Bitcoin continues to make headlines, market participants are closely watching for potential breakthroughs and milestones in its price journey.
BITSTAMP:BTCUSD
by Larissa-Trader
Bitcoin Price May Drop to $40,000, Key Indicators Suggest The price of Bitcoin (BTC) is approaching the psychological level of $40,000 and could erase it before undergoing a correction. Several bullish indicators, including the Relative Strength Index (RSI), have strengthened the prospects for further price increase. The RSI, a momentum indicator, indicates increasing momentum with its position at 68, suggesting there is still room for upward movement before the cryptocurrency king could be considered overbought. Furthermore, the Awesome Oscillator (AO) is in positive territory, with green bars on the chart, indicating that the bullish camp is leading the market. Therefore, increased buying pressure could see the price of Bitcoin rise from the current level of $39,462 (as of 8:00 AM GMT), surpassing the recent high within the range of $39,778 before testing the psychological level of $40,000.
BITSTAMP:BTCUSD
by Larissa-Trader
2
📊Trading ideas for the final sprint of #BTC🧠➡️From a data perspective👀 Positions on major mainstream exchanges began to increase rapidly, which meant that a large number of retail investors began to enter the market. It seems that the popularity of BTC in the world has been mentioned again, but this is often not a good thing, because this is exactly what the main players want to see, and they will reduce their holdings in batches until huge dumping occurs. When the liquidation data on a certain day begins to show an astonishing amount of more than a billion dollars, it can basically be declared that this wave of rise is over. ➡️From a technical point of view👀 We have been rising all the way up based on the smiling face bullish structure below, so the ideal target of this structure is the mid-term TP zone. If we look at it according to the Elliott pulse wave, the increase in waves 4-5 of the previous pulse wave was 59.01% , and the current increase in waves 4-5 in this period is also about 59% when it reaches fib0.5. History does not always repeat, but it often rhymes. 🐾 ⚠️ In addition , the vicinity of fib0.5 is generally regarded as a key support and resistance transition point. Combined with the previous K-line, there are also many high and low points that overlap with the K-line. We will also face the round-number hurdle of $40,000 that most investors are looking forward to. Therefore, when we reach $40,000-$42,289, we will definitely encounter serious resistance. I would not be surprised if there is another negative K-line with a large cycle closing at that time. Whether it is analyzed according to the wave theory, graphic structure, or Fibonacci sequence, this is completely logical. 🧠💯✔️ ➡️So we are not in a hurry to go short now, just wait for the negative K-line to close in the big cycle! If you are bullish, you need to remain vigilant at all times, do a good job in risk management, and try to be risk-free or low-risk to achieve the ideal target zone. ☕️🎯✔️ 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888