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Election 2024: Bitcoin to $80k? Election 2024: Bitcoin to $80k? The cryptocurrency market is turning downwards, in tandem with the broader stock market. This decline might be dashing hopes of BTC/USD breaking the $70,000 threshold. Despite the bearish trend, options traders like the odds that Bitcoin could soar to $80,000 by the end of November, regardless of the outcome of the U.S. presidential election. Kamala Harris has remained relatively quiet on the subject of cryptocurrencies, though an adviser recently signaled she would “support policies that ensure that emerging technologies, and that sort of industry, can continue to grow”. Meanwhile, Donald Trump is actively courting crypto holders, pledging to transform America into the crypto capital of the world and establishing a strategic national cryptocurrency stockpile, akin to the country's gold reserves.
BLACKBULL:BTCUSD
by BlackBull_Markets
Fottie - Potential Leap to 1,000x Currently a $960k market cap at the time of writing, this frog memecoin has plenty of space to the upside. Fottie is displaying an extremely similar fractal/behavior that saw Pepe bottom in October 2023 and breakout from a downward wedge. See below chart for PEPE: PEPE at the time of writing has a $4.4bn market cap. Fottie has just shy of $1million. Even with a 1,000x it will still remain in the shadow of Pepe. So back to PEPE: Recently Fottie on it's exit from the white wedge also broke out into the RSI bull zone (from the indicator at the bottom of the chart). It is now on a volatile rampage up to the 0.5 or 0.618 fib level. From there it will likely correct to form its first completed Wave 1 of 5 wave. That would create an inverse head & shoulders. Dec 2024 to Feb 2025 is likely to will lead to the most volatile 3rd wave in the memecoin space. Before it finally tops out on it's Macro Wave 3 around February 2025. From break-out (green vertical line) to T1 (Target 1) this is a 227,000% gain (2,270x). From current levels a 86,000% gain (860x) in dollar terms. Ignore this frog at your peril. See you in 6-7 months! P.S. If you like the RSI Bull/Bear Thresholds indicator at the bottom of the screen, drop a comment below. It will soon be made available for a small exclusive audience.
UNISWAP:FOTTIEWETH_27920A.USDLong
by DigiDavid
Microstrategy Remains In The Bullish Trend; Positive For Crypto?MicroStrategy is a leading provider of business intelligence (BI) and analytics software. Founded in 1989, the company helps organizations analyze data to make informed business decisions. It's known for its robust platform that supports data discovery, predictive analytics, and mobile app. Additionally, MicroStrategy has made headlines for its significant investments in Bitcoin and both of them are still in the bullish trend. Microstrategy with ticker MSTR remains nicely bullish as expected and looks like 5th wave is in progress, which can push the price even higher with space up to 300 area, just be ware of short-term pullbacks. If that will be the case, then Crypto related stocks may cause a bullish breakout on Bitcoin as well due to their positive correlation.
NASDAQ:MSTRLong
by ew-forecast
Analyzing BTCUSD Using Excess Phase Peak PatternsI've been getting lots of emails and comments about the Excess Phase Peak patterns I use on my charts. They are really quite simple to understand once you learn their structure/process. But, the hardest part of using them is they work as a YING/YANG type of price structure. While the bullish Excess Phase Peak patterns are operating, the other side of price action, the bearish Excess Phase Peak patterns, are also operating in price. So, you have to be able to see what's in front of you from both sides. In this example with BTCUSD, I try to highlight both the bullish and bearish Excess Phase Peak patterns for traders to learn to use them more efficiently. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDShort
by BradMatheny
BTC Gearing Up for a Breakthrough: Election Day Could Align BTC is showing clear signs of nearing a breakout. The upper trendline (marked in yellow) is the key area to watch, and it’s only a matter of time before it gets broken. After completing a significant reset at the bottom of an XYZ or ABC pattern, BTC has now entered an impulse wave, suggesting we’ve moved past Wave 4 correction. What’s intriguing is the timing: the top of Wave 3 of 5 seems to coincide with Election Day in the USA, hinting that a major Wave 5 of 5 flameout could follow toward the end of January. With some early signs of bullish momentum and the formation of a strong impulse wave, this long-awaited breakout is becoming more and more probable.
Long
by cryptechcapital
Bitcoin's Next Move: Bullish Continuation or Bearish Reversal?Hey, traders! Artem here with another Bitcoin update. Let's dive into the 4-hour chart and explore the recent price action to see what’s been happening since last week. Bitcoin has broken through key levels , hitting a new high of $66,566 last Friday , and this could signal a potential uptrend . But is it all bullish, or should we watch out for a reversal? On the chart, we’ve got a fresh Higher High (HH) at $66,566 and a Higher Low (HL) at $52,400 , which typically suggests bullish momentum. However, there's a Rising Wedge pattern forming , which is often a bearish signal . Bitcoin has broken out of the wedge, moving down from $66,000 and is now trading around $63,570 , near a key support level at $62,800 (marked in blue). If this support holds, we could see some sideways movement followed by an upward continuation. But if the selling pressure continues and $62,800 fails, we might see a further decline toward $60,848 , with $61,824 (marked in red) as a critical level to watch. What’s your take on Bitcoin this week? Are we going long or short? Share your opinion in the comments – I’d love to hear your strategy! If you found this analysis helpful, don’t forget to like and follow for more market updates. Let's see where Bitcoin takes us next!
BITSTAMP:BTCUSD
by ArShevelev
14
Elliott Wave Analysis: Bitcoin Consolidation ResumesBitcoin is turning to the downside as the US dollar recovers alongside US yields, which have risen nicely since mid-September. With further dollar strength possible, potentially pushing towards the 102.50 or even 103 levels, this is likely to be bearish for Bitcoin, at least in the short term. Bitcoin has also turned down impulsively from above $67,000, signaling that it remains trapped in a large consolidation phase. While I believe there’s potential for Bitcoin to eventually break to the upside, we will need to be patient until some key levels are taken out. Grega
CME:BTC1!
by ew-forecast
3
Cup and Handle Formation Spotted On GBTCWe want to share an interesting pattern on the monthly GBTC – Grayscale Bitcoin Trust chart. It’s a nice bullish cup and handle pattern, where the handle is supported by a 20-month moving average. Cup and Handle is a bullish pattern that can push GBTC, Bitcoin and the whole Crypto market higher at the end of 2024 or the beginning of 2025. The cup and handle pattern is a bullish continuation pattern in technical analysis. It looks like a cup with a handle on a price chart. The cup is U-shaped, indicating a period of consolidation followed by recovery. The handle is a short period of consolidation after the cup, leading to a breakout above the handle's resistance level, signaling a potential continuation of the uptrend. Not only cup and candle, but even Elliott wave path suggests price can resume up, not to mention risk-on flows and bearish Dollar.
AMEX:GBTCLong
by ew-forecast
Is Ripple Ready For A Bullish Breakout?Grayscale to Launch First U.S. XRP Trust, Paving the Way for Potential ETF There were report that Grayscale is launching the first U.S. XRP Trust Fund, offering accredited investors direct exposure to XRP. This move is seen as a step towards an XRP exchange-traded fund (ETF). Grayscale has a history of pioneering crypto financial products, including converting its Bitcoin Trust into a spot ETF after a successful lawsuit against the SEC in 2023. Now, looking at Ripple's Elliott Wave structure, its unfolding a five-wave bullish impulse on the weekly chart. Currently, it's trading in 6-year higher degree consolidation; ideally, it's a larger bullish triangle in wave four, which can be coming to an end in next few months. So possibly we can see a break higher.
BITSTAMP:XRPUSDLong
by ew-forecast
4
A Trade as Simple as "Shooting Ducks in a Barrel" - BTC LONGDISCLAIMER: This is not trade advice. This is for educational and entertainment purposes only to demonstrate how I intend to participate in this market. Trading involves real risk. Do your own due diligence. People like myself (with average-to-below average intelligence) need a simple strategy. My "Ducks in a Barrel" strategy is exactly that. Simple. Clear. Rules Based. Effective. Zero Discretion. BTC (and several other cryptos, for that matter), are setup for "Ducks in a Barrel" long trades. Lets review the process for identifying these setups. To be clear, this is not a "long now" post. This market is SETUP. This is not a timing tool. We get into the market once we get a technical long TRIGGER on the Daily timeframe. From there, we FOLLOW THROUGH on the trade by managing risk and maximizing profit. Without the TRIGGER, we have not trade. STEP 1: Identify a market with a strong trend on the weekly timeframe. I utilize the 39 and 52 period MA. For uptrends, we want to see both MA's sloping up and pulling away from each other. We see on BTC that the two MA's are still upward sloping and pulling away from each other. This confirms step 1, that we are in a strong uptrend. STEP 2: We need at least 2 of the following to be in unison with the direction we want to trade (in the case of BTC, we need 2 of these to support the long idea). VALUATION: For longs, we need an undervaluation vs Gold &/or Treasuries. STOCHASTIC: For longs, we need to see the market is oversold. SENTIMENT: For longs, we want to see Bearish advisor sentiment (we fade the public sentiment). STEP 3: We see that BTC is Oversold on the Stochastic and is Undervalued vs Gold & Treasuries. This meets our criteria of 2/3 indicators supporting our idea. This market is now SET UP for longs. Now we wait for the TRIGGER. STEP 4: We are waiting for Step 4 in Bitcoin right now. We need to see an entry TRIGGER on the daily timeframe via one of the following entry techniques. 18 Period MA Entry 10 high 8 close MAC w/ Williams Acc/Dis 57 MA Confirmation Entry Stop either 150% of 3 Period ATR, or 2 times the width of the MAC, whichever is greater. There are other entry techniques, but they are higher risk. The two entry techniques above will not catch the absolute bottom, but will ensure that you are buying into a confirmed trend change. Other entry techniques come with the risk of trying to "bottom/top" pick, which increases your odds of several losses prior to the real move occuring. If you have questions about the "Ducks in a Barrel" strategy, feel free to shoot me a message. I hope you all have a great week. And as always..... Good Luck & Good Trading.
Long
by Tradius_Trades
4
Centralized Exchanges See Uptick In Trading VolumesMarket Update - September 6, 2024 Takeaways The market faced a broad decline over the past week:  More than $162 million in crypto liquidations occurred last weekend, primarily from long positions, as US bitcoin ETFs experienced net outflows totaling $276 million. As of Thursday, the price of bitcoin had dropped to nearly $56,000. The SEC has expressed concerns over FTX’s proposed distribution of stablecoins to creditors:  While FTX’s plan aims to repay 98% of creditors in cash, the SEC may take the stance that remaining distributions made in crypto violate federal securities laws. Cardano implemented its “Chang” upgrade, shifting control from its founding bodies to a decentralized governance structure using the ADA token:  The long-awaited enhancement allows the community to vote on proposals and elect governance representatives. High-ranking Binance executive Tigran Gambaryan, detained in Nigeria since February, appeared in court on Monday in pain after being denied a wheelchair:  His lawyers have filed for bail on medical grounds, citing multiple health issues, but the prosecution has opposed the request. Trading volumes on centralized cryptocurrency exchanges saw a roughly 6.6% MoM increase in August, reaching $1.2 trillion:  Exchanges in North America experienced more than a 21% increase in activity compared to July. 🎾 Topic of the Week: Fetch.AI (FET): An AI Solution to Data Inefficiency ➡️ Read more here
GEMINI:BTCUSD
by Gemini
FETUSDT at Support: A Prime Opportunity for Spot BuyersFETUSDT has reached a critical support area, presenting a potential buying opportunity for traders and investors. In this analysis, we explore the significance of support levels, why this could be an ideal entry point, and how to strategize your purchase on the spot market. Learn how to assess the current market conditions, manage risks, and optimize your trading decisions as FETUSDT tests this key support zone. Whether you're looking to capitalize on short-term gains or hold for the long run, this guide provides the insights you need to make informed moves.
Long
by Darshana_Alwis
Could the Bitcoin reverse from here?The price is falling towards the pivot which is an overlap support and could bounce to the pullback resistance. Pivot: 56,992.44 1st Support: 54,704.04 1st Resistance: 59,966.65 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDLong
by ICmarkets