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BTC to rebound - bullish potential for the next 24 hours The price of Bitcoin fell more than 6 percent to $59,290 over the past 24 hours, trading as low as $58,564 over this period, Trading View’s Bitcoin chart shows. Yet, a strong sun will shine over Bitcoin in the next 24 hours, signaling bullish market conditions. ☀️ “Today's drop is intriguing and presents a potential opportunity for those looking to capitalize on a tactical rally. Entering at $59,000 with a tight stop at $58,000 might seem overly cautious to some, but tactical opportunities like this are rare in a market lacking a clear bullish trend,” the crypto intelligence firm 10xResearch said in its daily note. The number of Bitcoin millionaires increased by 111 percent last year and exceeded 85,000 people, Henley & Partners annual Crypto Wealth Report 2024 shows. Eleven persons hold more than $1 billion in Bitcoin. The CEO of MicroStrategy Michael Saylor, the CEO of Coinbase Brian Armstrong and Binance’s founder, currently serving a prison term in the US for money laundering violations, Changpeng Zhao (CZ) are part of this exclusive club. Follow us for more crypto news and weather reports!
Long
by ATTMO
1
TONCOIN: Possible "Head-Shoulders" under construction?!TONCOIN: Possible "Head-Shoulders" under construction?! Detection of a possible chart pattern "Head-Shoulder" = "SUMMER" in Daily" Monitor the " Nech line", and the Fibonacci and ICHIMOKU levels, as well as the 50 and 200 exponential moving averages on higher time units if necessary. The downside targets are indicated on the chart. We could return to the levels before the "Bull run"!! Following the arrest of Pavel Durov, CEO of the company "Telegram Messenger", this news could accelerate the downward movement sharply! Be careful!!
Short
by Le-Loup-de-Zurich
BTC Eyes 60K: Will It Trigger a Pump or Dump?GM Crypto Bro's, sorry for missing yesterday’s market update. This morning, the fear and greed index stands at 37 (fear), and the stoch RSI is starting to enter the overbought zone. In terms of price action, if BTC manages to close the daily above 60K, the possibility of a dump to 53K will start to decrease, and the probability of a pump to 64K-65K will increase. But keep in mind, the market is dynamic—don’t be caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki
Trading Analysis and Prediction for BTCUSD at $60,736### Trading Analysis and Prediction for BTCUSD at $60,036 **Current Market Overview:** Bitcoin (BTC) is currently trading at $60,036, experiencing a robust upward momentum as it continues to recover from recent market fluctuations. The cryptocurrency market is seeing renewed interest from institutional investors and increased adoption in various sectors, contributing to the ongoing bullish trend. **Technical Analysis:** The BTCUSD pair has successfully broken through key resistance levels at $58,000 and $59,500, signaling strong buyer interest. The Relative Strength Index (RSI) is hovering around 70, indicating that Bitcoin is in overbought territory, but not yet showing signs of a significant reversal. Moving averages (MA) on the 50-day and 200-day charts are showing a bullish crossover, further supporting the continuation of the upward trend. **Support and Resistance Levels:** - **Immediate Support:** $58,000 - A break below this level could signal short-term bearishness, potentially leading to a dip towards $55,000. - **Immediate Resistance:** $61,500 - This level has been tested multiple times and may act as a psychological barrier. A decisive break above could lead to a swift move towards $65,000. **Anticipated Trading Direction:** Given the current technical indicators and market sentiment, BTCUSD is likely to continue its bullish trajectory, with potential short-term corrections. The market is expected to test the $61,500 resistance in the coming days. If the price breaks above this level with high volume, the next target would be $65,000. **Objective Trading Strategy:** 1. **Long Position:** Traders should consider entering a long position around the current price level ($60,036), with a stop-loss set slightly below the $58,000 support level. The target for this trade would be $65,000, with a potential extension to $68,000 if market conditions remain favorable. 2. **Risk Management:** It's crucial to monitor the RSI and volume closely. If RSI begins to diverge negatively or if there’s a significant drop in volume, traders should consider tightening stop-loss orders or taking partial profits. 3. **Alternative Strategy (Short-Term Correction):** In case of a failure to break above $61,500, traders may look for short-term bearish setups. A short position could be considered if the price drops below $58,000, targeting $55,000, with a tight stop-loss around $59,000 to manage risk. **Conclusion:** Bitcoin is currently positioned for continued growth, but traders should remain vigilant of key resistance levels and potential short-term corrections. Employing a strategic approach with well-placed stop-losses and considering both bullish and bearish scenarios will provide the best opportunities for capitalizing on the current BTCUSD market trends.
BITSTAMP:BTCUSD
by richyperry
1
BTCUSD: 60K Drop! Fear Index at 34 - What's Next?GM guys, happy weekend... or not, as BTC dropped to 60K. This morning, the fear and greed index is still in the fear zone at 34, and the stoch RSI is still in the oversold area. BTC has finally revisited the 60K area as I mentioned in yesterday’s market update. My personal market outlook suggests a low probability of BTC dropping below 60K, but in the crypto market, anything is possible, so a deeper drop is still on the table. However, as usual, when the fear and greed index is in the fear zone, it usually doesn’t take long for the market to pump again, at least until the index reaches neutral before possibly dumping again, or continuing to pump until it hits greed. Keep in mind the market is dynamic. Don’t be FOMO, stay safe, keep calm. Remember, nothing is impossible in the crypto market right now. Anything can happen, even the impossible. Always maintain risk, and as always, that’s the crypto update for today. I’m Akki, one chart. Have a nice day.
INDEX:BTCUSD
by x_Akki
2
SOLANA/USD Bearish in a bullish Consolidation:War+RecessionAs the Russians and Ukr. are facing to end the war,another war, in the middle east is starting:Irand vs Israel As well strategically as economically and politicially this zone of our planet is ruling all economies around the world:Oil,Gas,International trades and very important strategical zones:The survival of the world is dependent on the middle east.The middle east is the heart and ouls of the world. Also the very negative NFP last Friday confirming that recission will come.And All this factors will increase the pain and suffer of the stock markets,FOREX and ofcourse Crypto currencies. As Solana is now for many months in a big consolidation range we can use this situations to generate profitable situations with high probabilities:The markets tend to consolidate 70% of times. The probability the we will have an uptrend is 15%,and bear trend also 15%.So why not to use the 70% probabilitiy? As the trend is currently long,meaning the ranges are stepping higher, the dangerouse zone for the bulls is the,,negative CRV Target,,,in green colour! There the Bulls will face the increased risk,to add postions, or the profit portential of holding long trades is nealy zero,becuaz the bears take control. This stage is high potential Short entry for the bears,but also taking profit area optimally for the bulls. As we can see eachtime the market met this zone, many false breakouts (white circles) have been generated, the bears started to ride down the trend to ,,Target Negative CRV,,,in ORANGE: There the bears closed their positions and took profits,or also the bulls who hedged their positions short at around 190-205 clsoedtheir hedge positions and added more long positions at around 117-124. The current stage of the market ,Close below FBA,, is where we are right now. The bears still in control,the market closed below that zone and opened immediately lower.The probabiliy that the bears will force solana to 120 zone is increasing. Remember we are bearish in a bullish trend! Where do the bulls lose total control? This will happen,if the market closes 3Days in row below 117,and a bullish impulse or pullback to 117 or above 117 will not be successfull:That means if the bear immediately react and send down Solana forcefully below 117.This is ultimate confirmation that Bearish trend has started and Solana will fall very deep. If the impulse overcomes 117 and continues above 125+Close,then Solana will go back to 190-208 area again.As long as Solana can saty above 180.85 Solana will try to break above this range.Once it falls back, the game repeats
COINBASE:SOLUSDShort
by DaveBrascoFX
1
Bitcoin's Next Two Years: Accumulation to Parabolic PeakBitcoin Technical Analysis: Upcoming Two-Year Cycle Market Structure Overview Current market structure analysis indicates that Bitcoin is in the final stages of its accumulation phase before a mini bull run. Key market structure zones and projected price targets for the next two years are outlined below: Accumulation Phase Current Support Zone: $57,405 - $61,302 Bitcoin is consolidating within this range, indicating strong accumulation by long-term holders and institutional investors. Mini Bull Run Projected Highest High: $91,236 As Bitcoin breaks out of the accumulation phase, we anticipate a mini bull run with the highest high reaching approximately $91,236 . This phase is expected to be driven by increasing demand and positive market sentiment. Correction Cycle Main Support Zone: $47,620 Following the mini bull run, a slow correction cycle is projected to commence, bringing Bitcoin down to a main bottom support around $47,620 . This correction is seen as a healthy pullback, setting the stage for the next bullish phase. Parabolic Bullish Cycle First Target: $139,130 From the $47,620 support zone, Bitcoin is expected to begin a parabolic bullish cycle. The first significant target in this cycle is around $139,130 , marking a substantial price appreciation. Parabolic Cycle Correction and New Targets Maximum Target: $236,000 Following the initial parabolic run, Bitcoin is projected to undergo a correction before ascending to new heights. The absolute maximum target for this 3.5-year cycle is estimated to be around $236,000. Macroeconomic Factors Influencing Bitcoin Japanese Index Decline: The recent rapid decline in the Japanese index has introduced uncertainty in the Asian markets. Investors are increasingly looking for safe-haven assets, which could boost demand for Bitcoin. US Market Sentiment: With the US markets closing in the red on Friday and gold prices reaching an all-time high, there is a growing shift towards alternative investments like Bitcoin. Japanese Yen Weakness: The continued decline of the Japanese yen is anticipated to accelerate Bitcoin’s mini bull cycle correction. This macroeconomic trend is likely to contribute to the expected decline to the $47,000 support zone before the parabolic bullish phase. Conclusion Bitcoin's market structure suggests a promising outlook for the next two years, characterized by significant price movements and opportunities for strategic investments. The interplay between macroeconomic factors and Bitcoin’s inherent market cycles underscores the importance of staying informed and agile in response to evolving market conditions.
Long
by wikitrades
4
BTC going to $70K soon? The price of Bitcoin dropped 3 percent to $64,258 over the past 24 hours, Trading View’s Bitcoin chart shows. The cryptocurrency trend was negative over the past 24 hours after the Federal Reserve hinted at a potential a rate cut in September. The US central bank kept its benchmark rate unchanged at a 23-year high. This means that less risky assets such as bonds generate relatively high returns. “Commentary has been leaning positive toward Bitcoin this week. In fact, this is the highest level of bullish commentary from the crypto crowd since the week of May 15th. The level of optimism from the crowd indicates that many believe $70K BTC is imminent,” the crypto research firm Santiment said. “As crypto investors, we spend a lot of time focused on downside risk. We’re all acutely aware that, at any moment, an event might occur that will drive prices sharply lower. It’s fairly common for people to say that bitcoin ‘could go to zero.’ I think we have to accept that there is now an equal risk to the upside,” Bitwise’s CIO, Matt Hougan, writes in his weekly note following the world’s largest Bitcoin conference held in Nashville last weekend. “If the 2024 Bitcoin Conference conveyed anything, it was this: It’s time to rethink what’s possible for Bitcoin,” he concludes. A strong sun will shine over Bitcoin in the next 24 hours, indicating a bullish trend with buy signals. 🌞  Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
The ETH RUN ? With the crypto halving this year and upcoming elections, the countdown to more mass adoption in crypto has begun. Ethereum (ETH), being the second largest cryptocurrency, now sits above the $3,000 level and has been creating a range for the last 147 days. soon I speculate $4000 then $5000 Why Ethereum (ETH) Will Be Bullish 1. Recent ETF Approval Increased Investment: The approval of Ethereum futures ETFs makes it easier for big investors to buy into Ethereum, boosting its demand and liquidity. Legitimacy: Regulatory approval signals that Ethereum is seen as a legitimate investment. 2. Recent Halving Reduced Supply: The halving event will decrease the supply which can lead to higher prices if demand stays the same or increases. 3. Growing Adoption Institutional Interest: Big companies and financial institutions are investing in Ethereum, driving up its value. DeFi Growth: The rise of decentralized finance (DeFi) increases the use of ETH for transactions and as collateral. 4. Technological Advancements Ethereum 2.0: The upgrade to Ethereum 2.0 will make the network faster, more secure, and more energy-efficient. Smart Contracts: Ethereum is the top platform for developing decentralized applications and smart contracts, which are essential for the blockchain ecosystem. 5. Positive Market Sentiment Historical Performance: Ethereum has shown strong growth after key upgrades and market events.Market Perception: There is increasing recognition of Ethereum’s value, boosting demand. 6. Regulatory Clarity Clear Regulations: Better regulatory clarity in major markets reduces uncertainty and attracts more investors. 7. Economic Factors Global Trends: Economic issues like inflation can drive more people to invest in cryptocurrencies like Ethereum as a hedge against traditional financial markets.
COINBASE:ETHUSDLong
by Evanture
ETH to drop in the next 24 hours - bearish trend Following initial inflows on their first day of trading on Tuesday, the nine spot Ether exchange-traded funds (ETFs) have experienced outflows totaling $179 million over the subsequent two days. The outflows are driven by more than $1.1 billion exiting Grayscale's incumbent Ethereum Trust, AMEX:ETHE , which was converted into an ETF on Tuesday. Its fee is over 10 times higher than that of the asset manager’s mini Ether ETF, CRYPTOCAP:ETH , which has seen inflows of $119 million over the past three days. BlackRock’s ETF, NASDAQ:ETHA , leads the inflow ranking with $355 million in inflows over the past three days. The price of Ether added 2 percent to $3,240 over the past 24 hours. Drizzle will linger over Ether in the next 24 hours, signaling slightly bearish market conditions, but, over a one-week horizon, Ether will see timid sun, which indicates a mildly bullish market. Follow us for more crypto news and weather reports!
COINBASE:ETHUSDShort
by ATTMO
BTC upside potential for the next 24 hours The Bitcoin Conference 2024, the largest world’s Bitcoin conference, kicks off in Nashville later today. Republican presidential candidate Donald Trump will be its keynote speaker on Saturday. There are rumors that he will announce that Bitcoin will be transformed into a strategic reserve asset. Meanwhile, the organizer of the conference, Bitcoin Magazine, denied rumors that the Democrat presidential candidate Kamala Harris would be speaking. “No surprise. What can she say to us when she’s actively imprisoning developers, forcing our industry overseas, attacking PoW… it would have been a disaster for her,” the CEO of Bitcoin Magazine David Bailey said. “I gotta be honest, feels like Kamala should commute Ross Ulbricht’s sentence before addressing the Bitcoin community. That’s the tables stakes. Both Trump and RFK have promised to do that day 1,” Bailey said. Ulbricht was sentenced to life in prison without the possibility of parole under the Obama administration in 2015 for creating and operating the darknet market website Silk Road. This website sold drugs and other illegal goods. “All eyes on Trump now. Choice is simple really, Trump Pump or Biden Dump?,” Bailey added. Bitcoin may reach $100,000 “very soon” on expectations that the Republicans will win the US presidential elections in November, the CEO of CSOP Asset Management Ding Chen told Bloomberg earlier this week. The price of Bitcoin fell 2.5 percent to $64,190 over the past 24 hours, Trading View’s Bitcoin chart shows, while ATTMO forecasts strong sun for Bitcoin for the next 24 hours, indicating upside potential and a bullish trend. Follow us for more crypto news and weather reports!
Long
by ATTMO
BTC 24-hour upside potential; downside over the 7-day horizonBitcoin reached a five-week high over the weekend supported by hopes of a Republican victory in November. These were slightly dashed on Sunday when the Democratic presidential candidate Joe Biden dropped out of the race, increasing the chances of a Democratic victory. A Republican victory is seen as much more favorable for the cryptosphere. The SEC has extended its deadline for comments on the potential listing and trading of options on trusts or ETFs holding Bitcoin to between Sept 21 and Nov 20, the US regulator said. The price of Bitcoin dropped 1.4 percent to $66,838 over the past 24 hours, Trading View’s Bitcoin chart shows. ATTMO forecasts a sunny day ahead for Bitcoin, indicating a potential upside, yet, drizzle within 3 days, extending to the next week, which could announce a bearish trend and downside for the biggest crypto. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSD
by ATTMO
POWRUSDT | UP THIS WEEK!I’m feeling bullish about this week for crypto, and POWRUSDT is looking primed for an upward move. Here’s why: Market Momentum • ETH ETF Launch: With the ETH ETF trading this week, we’re expecting a ripple effect across the altcoin market. 🚀 • Crypto Sentiment: The market is buzzing with optimism, and altcoins like POWR could ride this wave. Technical Setup • CHoCH Formation: POWRUSDT recently created a Change of Character (CHoCH), signaling a potential reversal and bullish momentum. 📈 Strategy I’m aiming for a solid 1.78:1 Risk-Reward ratio, which is quite promising given the current setup. Action Plan Long on POWRUSDT, leveraging the positive market sentiment and technical signals. With the ETF launch potentially sparking a broader market rally, this could be a golden opportunity. Let’s ride the wave and see how high we can go! 🚀✨ Good luck, everyone!
Long
by minno91
ETHUSDT | UP WITH ETF?Big news is on the horizon! The ETH ETF starts trading tomorrow, and this week could be monumental for crypto. Let’s dive into why ETH might be headed for a new all-time high. Market Catalyst • ETH ETF Launch: The launch of an ETH ETF is a major event, bringing fresh attention and potential inflows to Ethereum. Bullish Indicators • Market Sentiment: The anticipation around the ETF has already stirred excitement in the market. • Historical Context: Similar to BTC ETFs in the past, major asset launches often lead to price surges. Strategy Given the hype and potential inflows, I’m betting on ETHUSDT making a significant move upwards. Risk-Reward With a solid 3.28:1 RR, this trade offers a compelling opportunity to capitalize on the momentum. Action Plan Long on ETHUSDT, targeting a new ATH as the market absorbs the ETF news. The excitement is palpable, and this could be the catalyst ETH needs to break through. Let’s see if this ETF launch propels ETH to new heights! 🚀💥 Good luck, everyone! #minno #ETHUSDT #CryptoTrading #ETFLaunch #NewATH #MarketAnalysis #Bullish #CryptoNews #StayTuned
Long
by minno91