#BTC/USDT 2D (ByBit) Rising wedge breakdown and retestBitcoin is facing historical supply zone and seems likely to get rejected on it, especially with that overbought RSI.
Probably wise to hedge short towards 100EMA support for the months to come.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 4.9%
Current Price:
33884.4
Entry Zone:
34464.6 - 36135.0
Take-Profit Targets:
1) 30982.8
1) 27731.6
1) 24480.3
Stop Targets:
1) 38912.3
Published By: @Zblaba
CRYPTOCAP:BTC BYBIT:BTCUSDT.P #Bitcoin #PoW bitcoin.org
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +48.9% | +85.8% | +122.6%
Possible Loss= -40.9%
Estimated Gaintime= 2-5 months
Satoshi
SPX - 02/10/23 - TRADE IDEASSPX- 02/09/23
**Trade setup:** Seems to be holding the $4250 area really well, will look to test again to see if they take it out.
We have completed the head and should pattern I identified on the 18th of SEPT now we are holding nice in this area so I will look for another test of $4250 to look for a structure break on the 15 min to enter a long.
If it doesn't hold I'll then reverse my thoughts and take a short to $4168 area the next higher low from the move upwards.
Now the targets are below:
**Bullish target:** $4325
**Bearish target:** $4168
**Supply and Demand**: The nearest Demand to keep us up is $4250. The next Supply is $4525.
BTC - 4HR - 02/10/23BTC broke up yesterday as I told my server members, so now the next area I think it can get interesting is the $28800 area if we break this BTC will turn bullish again!
Now I will be looking for a clean break as I closed my long to make sure I took profits and will watch this area closely on the NY market open.
If we reject from here $27000 is the first demand area to test, if we break above we will test the high at $29500
BSV Why Bitcoin SV is a useless forkForked cryptocurrencies, which emerge as a result of splitting from the original blockchain, often face an uphill battle to establish themselves as valuable and distinct entities. One of the primary concerns is that forks are perceived as redundant copies of the original blockchain, lacking the same level of innovation, utility, and market demand. This perception leads some to believe that forks will struggle to gain widespread adoption and maintain significant value.
Additionally, forks often encounter difficulties in building and sustaining communities and resources. Divided communities and limited developer support can hinder the progress of forked projects, preventing them from achieving the same level of growth and ecosystem development as the original chain. These challenges can also impact liquidity and network effects, making it harder for forked cryptocurrencies to compete effectively.
Furthermore, the original blockchain, from which the forked cryptocurrency originates, usually retains its dominance in terms of market capitalization, brand recognition, and developer activity. This creates a significant hurdle for forks to overcome, as they face strong competition from the established and widely adopted original chain. The success of the original chain can overshadow the forked projects, diminishing their perceived value and hindering their ability to gain traction.
In my opinion BSV Satoshi's vision could easily reach $12.10.
Looking forward to read your opinion about it!
DIE HARD (BITCOIN) Bitcoin is a decentralized digital currency that was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions made with Bitcoin.
There are several benefits to using Bitcoin. Firstly, it allows for peer-to-peer transactions without the need for intermediaries like banks. This means that individuals can send and receive payments directly, reducing the reliance on traditional financial institutions. Additionally, Bitcoin transactions are generally faster and can be completed within minutes, especially compared to traditional banking systems that can take several days for international transfers.
Another benefit of Bitcoin is its potential for increased financial privacy. While Bitcoin transactions are recorded on the public blockchain, the identities of the parties involved are not directly linked to the transactions. This can provide a level of anonymity, although it is not completely anonymous since transactions can be traced through blockchain analysis.
If everyone were to use Bitcoin for transactions and everything became decentralized, it would have both positive and negative implications. On the positive side, a decentralized network would reduce the control and influence of centralized authorities, such as governments and banks, over the financial system. This could potentially lead to greater financial inclusivity, as individuals who are unbanked or underbanked could access financial services through Bitcoin.
Moreover, a decentralized network would make transactions more resistant to censorship and control, allowing for greater freedom in conducting financial activities. It would also enable cross-border transactions to be more efficient and cost-effective, as there would be no need for intermediaries or currency conversions.
However, there are also challenges and potential drawbacks to consider. One major concern is the scalability of the Bitcoin network. Currently, the Bitcoin blockchain has a limited capacity to process transactions, which has led to issues with network congestion and higher transaction fees during periods of high demand. If everyone were to use Bitcoin, the network would need to scale significantly to accommodate the increased transaction volume.
Additionally, the lack of centralized control and regulation in a decentralized network can pose challenges related to security, consumer protection, and legal frameworks. Without a central authority, it becomes more difficult to address issues such as fraud, disputes, or illegal activities conducted using Bitcoin.
In summary, Bitcoin is a decentralized digital currency that offers benefits such as peer-to-peer transactions, increased financial privacy, and potential for financial inclusivity. If everyone were to use Bitcoin and the entire financial system became decentralized, it could bring advantages like reduced control by centralized authorities and increased financial freedom. However, challenges related to scalability, security, and regulation would need to be addressed to ensure the stability and viability of such a system.
Has Bitcoin done rallying?Analysis is based purely on price action and TA.
If Bitcoin plays out as 'it should be', I believe the local top for bitcoin for 2023 will be ~39k.
Unless more structure is broken downwards, the supposingly 12k bottom that everyone has been bidding on will be unlikely. 25k will be a very good layer to DCA in for the bigger picture.
However, we might have a chance to see the 15k area again. According to the price action back in 2018/2019, cloning that to the current price action, 39k will be the local top (as mentioned above) THEN I would expect a hard retracement to 15k again. there will be a lot of smart money at 33k that will exit the market. 33 to 39 will be the retailers, then will be flushed out by the retracment to 15k
Leverage wise, I will be opening some small short positions here targetting the 25k area.
This is the story that I will be sticking for now. Have fun
Pure Price Action TradeBINANCE:BTCUSDT.P
Pure Price Action Trade
Reason of Taking this trade.
NOTE: DON'T FORGET TO HIT THE FOLLLOW BUTTON.
#1. SL is very small
#2. Over Market is Bullish
#3. Selling Pressured is Weak
#4. Good Risk/Reward
I'm is this trade with 13X Leverage.
**** PUT STOPLOSS IN SYSTEM NOT IN MIND*****
🎂🎁🎉Happy Birthday Satoshi Nakamoto 🎉₿🎉Who is Satoshi?
Satoshi Nakamoto is the pseudonym used by the unknown person or group who created the cryptocurrency, Bitcoin, and authored its original white paper in 2008. The true identity of Satoshi Nakamoto remains unknown, and there have been many speculations over the years about who may be behind the pseudonym, but none have been confirmed.
Satoshi Nakamoto's contributions to the development of Bitcoin were significant and revolutionary, and the principles outlined in the original white paper have influenced the development of many other cryptocurrencies and blockchain-based technologies.
Could he have been some secret advanced AI?
It is highly unlikely that Satoshi Nakamoto was an AI. The creation of Bitcoin and the original white paper required a deep understanding of cryptography, computer science, economics, and human behavior, as well as the ability to communicate complex ideas clearly and effectively. While AI has made significant advances in recent years, it is not yet capable of exhibiting the level of creativity, ingenuity, and intuition that would have been required to create Bitcoin and write its original white paper. Therefore, it is more plausible that Satoshi Nakamoto was a person or a group of people with expertise in the relevant fields.
Date of birth a Conspiracy Theory?
👨💻Apr. 5, 1975 , the birth date Satoshi Nakamoto, the pseudonymous creator of Bitcoin, entered when registering his online accounts.
On Apr. 5, 1933 , U.S. President Franklin D. Roosevelt issued Executive Order 6102, which made it illegal for American citizens to own gold. 🏴
Personally, i find it extremely unlikely that it was just one person. Merely impossible. Probably was a group of people.
One Love,
The FXPROFESSOR
ps. artworks by Angel Rangel Garcia
Bitcoin Makin a move UP! Daily Bitcoin Makin a move UP! Daily
Breaking above $25K! Lets see if it can hold!
With all the mess goin on in the Banking sector we could see Bitcoin rally sooner than later...
If BTC can keep making a move to the upside we can see $27K - $30K pretty quick... <---
What is goin on is the reason WHY Bitcoin was created! This could be Bitcoin's time to Shine! Lets Go!
Keeping an eye on this!
Good Luck Out There!
🌝 BITCOIN (BTCUSD) - Recovery is in play, retest of resistanceBitcoin has been subject to market fundamentals overnight where we saw the FTX hacker's wallet start getting active again. From this, there is a pause, and it looks like Bitcoin is starting to recover. Risky move due to the current market fundamentals, trade safely and manage your risk.
BTC is finein the name of God
BTC has no words.
From April 1, 2020 to December 1, 2021, there has been significant growth and 780% profit.
Greetings to Satoshi Nakamoto.
Now in the last 6 months there has been a decline! no problem.
Why are many people afraid?
Only in the last 6 months, it has been down 50%.
have fun.
Again, after these ups and downs, we will all be richer.
Hope for good days
Bitcoin Weekly Indicators Hinting At A Bottom?
I'm thinking we see a retest of the previous support region around 29-30k before BTC attempts any further downward attempts
The weekly RSI here showing we are at a similar level to the 2018-19 bottom, Could we see an unexpected bullish swing upwards? Fisher indicator also showing signs of a reversal (crossing up)
Interesting point for BTC to be, time will tell.
BINANCE:BTCUSDT
BITSTAMP:BTCUSD
COINBASE:BTCUSD
INDEX:BTCUSD