BTC Movementi think we are reaching the bottom of this downtrend, will be looking to take longs from the 59-58 rangeLongby chadbarendsePublished 113
BTC Long-Term Uptrend Intact### Current Long-Term BTC Uptrend Analysis Bitcoin (BTC) has been in a long-term uptrend, characterized by higher highs and higher lows since early 2024. This trend is supported by several key technical indicators: 1. **Moving Averages**: The 40-week moving average is sloping upwards, indicating a sustained bullish trend. 2. **Support Levels**: BTC has consistently respected key support levels around $53,000 to $56,000. 3. **Volume**: Trading volume has remained robust, supporting the price action and indicating strong market interest. ### Current Price Action Despite recent volatility, BTC's price action supports the continuation of the long-term uptrend: 1. **Higher Lows**: BTC has been forming higher lows, a classic sign of an uptrend. 2. **Breakout Potential**: Analysts are eyeing a potential breakout in October, which could propel BTC to new highs. 3. **Momentum Indicators**: Weekly momentum indicators, such as the stochastic oscillator, suggest that BTC is not yet overbought, leaving room for further upward movement. ### Conclusion The combination of strong support levels, upward-sloping moving averages, and positive momentum indicators suggests that BTC's long-term uptrend remains intact. While short-term corrections are possible, the overall trend points to continued bullishness.Longby Neua0001Published 2
Bitcoin at a Critical October Decision PointAs October begins, Bitcoin is consolidating around the pivotal $60,000 support zone, poised for a significant move. Support Zone: Bitcoin is currently hovering around the key support level of $60,000. If this support fails, the next level to watch is around $57,500. Bullish Scenario: Holding the current support and breaking upward could complete a bull flag formation, targeting $71,000 in the coming weeks based on major Fibonacci levels. Historically, Bitcoin often makes rapid recoveries after such consolidations, and growing adoption alongside favorable macroeconomic factors could fuel the next significant upswing. Bearish Scenario: If Bitcoin fails to maintain the $60,000 support, a sharper decline to the low $50,000 range ($50,200–$53,000) is possible. A bearish breakout might push prices toward the 0.382 Fibonacci retracement level or even lower. Personal Take: The recent pullback seems bullish—a healthy correction setting the stage for the next upward move. Monitoring how the price reacts to this support zone in the next few days is crucial. A strong bounce and higher lows could bring the $71,000 target into play sooner than expected. Conclusion: October is a decisive month for Bitcoin at this critical inflection point. Whether it breaks upward to new highs or slides into the lower $50,000s, this period will likely set the tone for its performance in Q4 2024. Stay vigilant, watch key levels, and be prepared for either scenario.by UKNW_PROJPublished 4
BTCUSDCurrently on BTCUSD on the daily timeframe price took out the previous candle range low and closed above it, indicating a strong support level that is going to push price up. Longby BigBenCapitalsPublished 5
BTC at Critical Support: Strategy for the Breakout or Further DeBTC is currently holding strong around the $60K support level, but the overall trend is still showing a downtrend on the hourly chart, with the price trading below the EMA21, EMA50, and EMA200. The market is at a crucial point, and patience is key to avoiding unnecessary risks. Here's my detailed strategy for short-term trading in this scenario: 1. If the trend breaks out: - I'll wait for confirmation of a breakout above the current trendline. After the breakout, I will enter a buy position on the pullback, targeting an entry around $60,900 and a stop-loss set just below $59,900 to manage my risk. - My take-profit target 1 is $63,100, and my take-profit target 2 is $66,000, where I expect potential resistance. This setup ensures I'm following the trend with minimal risk. 2. If the downtrend continues: I'll hold off on any immediate trades and wait for the price to reach the next support zone around $58K-$57K, as highlighted on the daily chart. - I will only consider entering a position if the price manages to go above the EMA21 and EMA50, signalling potential bullish momentum and a possible trend reversal. If the price breaks below $57K, I’ll reassess the situation, as further downside to GETTEX:52K -$50K could be possible. Advice: It’s important to remember that no trade is guaranteed, and risk is always involved. My approach is to wait for clear signals before entering any position, ensuring the risk is managed correctly. I’ll also closely watch for volume spikes and any potential news influencing market movement. Finally, with the market being highly volatile, this is *not financial advice*. I always recommend doing your own research and making sure you're comfortable with the risk involved before making any trade decisions. Stay patient, stay disciplined, and remember that sometimes the best trade is the one you don’t take! #Bitcoin #BTC #CryptoTrading #TradingStrategy #TechnicalAnalysis #CryptoCommunity #RiskManagement #NotFinancialAdviceby MalaysiancryptocommunityPublished 334
Bitcoin's Bearish Momentum Builds: Could 55k Be the Next Target?On Sunday, I shared an article expressing my view that Bitcoin might remain in a range for an extended period. As expected, whenever someone suggests something other than Bitcoin rising, critics are quick to respond. However, Bitcoin has since broken below its local support and dipped to the 60k level. Looking ahead, I expect the decline to continue, with BTC/USD likely to fall well below 60k. Currently, the 63k zone is acting as resistance, and any rallies into this area present potential selling opportunities for speculative traders. A reasonable target for this downtrend could be around 55k, with the invalidation of this bearish scenario occurring if Bitcoin breaks back above the 65k level. Shortby Mihai_IacobUpdated 3317
BTCUSDCurrently on BTCUSD on the daily timeframe price took out the previous candle range low and closed above it, indicating a strong support level yo the up.Longby BigBenCapitalsPublished 4
BTC Bullish DivergenceBitcoin confirmed bullish divergence with oversold RSI, just as predicted yesterday. However, it was immediately followed by hidden bearish divergence, meaning we still need to watch and wait. As you know, I like to look for divergences to build, which means we would likely get another, bigger divergence if price closes with another lower low. This could also give us divs on higher time frames, building from lower to higher. This appears to be bottoming in this area.Longby ScottMelkerPublished 3
BTC Showing Weakness Bitcoin continues to dance around the blue 50 MA, still holding as support. It broke $60,000 temporarily but has managed to hover above since. Regardless, bulls are not showing much immediate strength. by ScottMelkerPublished 1
BTCUSDBTCUSD should offer us a possible return to 64000 before either continuing higher or continuing its sell. First of all, let's see if it passes the 62400 mark. Tomorrow the NFP should give us an idea of what the month of October could have in store for us.Longby MCY-TRADER-BTC_GOLDPublished 22
Understanding ATH and ATL in Cryptocurrency TradingHello, Traders! The terms ATH (All-Time High) and ATL (All-Time Low) are crucial in crypto trading. They represent the highest and lowest prices ever reached by a particular asset. These metrics capture the extremes of an asset's value and serve as indicators of future market trends. In this article, we'll explore what ATH means in cryptocurrency, how ATH and ATL help indicate price movements, and why understanding these metrics is important for successful trading. What Does ATH Mean? ATH (All-Time High) is an asset's highest price. This value is significant for traders because it reflects the peak demand for a digital asset during its existence. When a cryptocurrency reaches its ATH, it usually attracts increased interest from investors and traders. This event typically suggests strength in the asset and may indicate an opportunity for continued investment due to strong demand and market confidence. However, reaching an ATH also presents risks. Some investors may view this as a prime time to take profits, which can lead to a price correction. ATH in Crypto Trading The ATH for an asset is a crucial benchmark for market participants. Reaching a new ATH can signal a continuation of an uptrend or indicate an overheated market. Moreover, traders often use ATH levels to set resistance points and assess the potential for further growth. After hitting an ATH, the price may continue to rise or retreat to lower levels, depending on market conditions and investor sentiment. The fear of missing out (FOMO) can drive traders to make quick decisions, especially when an asset approaches its ATH. Understanding how ATH impacts market sentiment and price movement is essential for effective cryptocurrency trading. Understanding All-Time Low (ATL) ATL (All-Time Low) refers to an asset's lowest price since its market debut. ATL represents an asset's minimum demand and price weakness for investors and traders throughout its history. Reaching an ATL can cause concern among holders due to the significant decline in value. However, some investors may see an ATL as a buying opportunity, believing that the price is at a historic low and could rise in the future. Considering the broader market context and the reasons behind the price drop is crucial before making investment decisions. An ATL might be caused by FUD (fear, uncertainty, and doubt), leading to a sharp sell-off. For large cryptocurrencies like Bitcoin, an ATL might be considered an opportunity for buybacks at low levels. Impact of ATH and ATL on the Cryptocurrency Market When an asset hits an ATH, it can attract new investors and amplify market Fear and Greed, particularly during altcoin seasons when other cryptocurrencies also experience rapid growth. The Fear and Greed index can reach extremes, potentially leading to market overheating and subsequent corrections. Conversely, reaching an ATL can heighten investor fear and trigger panic selling. However, experienced traders may view ATL as a buying opportunity, especially if they anticipate a market recovery. Conclusions This article explored the significance of ATH and ATL in cryptocurrency trading and their roles in market analysis. ATH and ATL are essential benchmarks that help traders and investors navigate market trends. by WhiteBITPublished 2
Bitcoin (BTC): Testing Daily 200EMABitcoin has still that downward pressure where since our entry point sellers have been dominating up until the current zone where we encountered 200EMA. We are closely monitoring that EMA there, as it seems to us to be weak where we see no buyer volume. We are looking for this zone to be broken and a further movement to lower zones to start so let's see how it goes! Swallow TeamShortby SwallowPremiumPublished 3
BTC next moveWe're currently observing a bullish consolidation above the Gann circles, with a daily triangle pattern forming. Since we're positioned above the Gann levels, the chances of a breakout to the upside are higher, in my opinion. We still need to retest the previous high around 62.8k. The next Gann line is near 64k, likely our target post-breakout. My trade strategy is to buy between 58.5-60k and take a profit above 62k, the stop loss is below 58k. By going below 58k I will switch to a short position and take a profit at 55k-52k and 48k I have already opened some positions as I explained in my previous ideaby uchar1Updated 441
10/2 Friday will decide your crypto fate.Overview: The AMEX:SPY opened lower than yesterday's close, continuing its bearish trend, but managed to recover and end the day in the green. However, the MACD on both the daily and 4-hour charts shows a bearish divergence, indicating potential weakness ahead. Tesla took a significant hit, dropping by 3.5% and ranking among the day's biggest losers. NASDAQ:QQQ also saw a decline, though less severe, as it isn’t facing the same pressure from all-time highs as other sectors. Tomorrow, the FED will release the latest initial jobless claims data. If claims come in below the expected 220,000, this could indicate an improving labor market, which would make it harder for the FED to aggressively cut interest rates. So, if you want that rate cut, maybe submit that jobless claim! BlackRock ended its 7-day Bitcoin ETF buying streak, selling $13.7 million worth of Bitcoin today. This is roughly half of the largest amount they have sold in one day, which was $38.9 million. BTC TA: W: The situation remains unchanged from yesterday. BINANCE:BTCUSD is still sitting below critical levels that could have shifted the trend to bullish. Geopolitical tensions and a strengthening U.S. job market are likely to keep the weekly candle in the red. D: Wednesday's candle formed a red doji, with both the open and close below the crucial $61.4k weekly level. Early Thursday price action briefly touched this level before pulling back, confirming it as a resistance. The MACD and RSI are still working through the aftermath of the divergence seen during the bull trap, showing no signs of trend reversal. A short-term pullback to the $62.5k-$63k level is possible but more evident on lower timeframes. Neutral. 4h: RSI is in the oversold zone, and the MACD histogram shows the downtrend is losing momentum. It took significantly less volume to push the price lower to $60k, suggesting a potential short-term bullish move toward the BB MA at $62.5k. 1h: London traders triggered a mass sell-off in the last two hours, pushing BTC down 1.46% and rebounding from the $61.4k resistance level. Have you copied these key levels to your chart? The next question: Will $60k hold, or will it break in the next few minutes? Alts Relative to BTC: Major altcoins like SOL, NEAR, and ETH have all broken their lows and are heading toward their early September levels. TAO and FTM, which performed well last week, are not immune, declining by 7%. Only SUI is holding steady for now, but for how long? Bull Case: If Jerome Powell reports on Friday that inflation has cooled, it would confirm a slowing economy and pave the way for further interest rate cuts. This could spark the 6th bull wave, sending crypto prices soaring once again. Bear Case: This week could continue to see prices fall further, potentially marking the end of the 2024 crypto bull run. Fear and Greed Index: The index stands at 36.22, well into the Fear territory. Historically, when the index dips below 40, it's a signal to start buying some blue-chip altcoins, even if you're a day or swing trader. We recommend having a separate account for long-term investments. Remember: Be greedy when others are fearful. Prediction: If we can dodge the bullet of World War III and the market remains unaffected by major macro events, we could see a correction to the $62.5k-$64 k level. Opportunities: Short the last standing king of altcoins - SUI.by EvgenCapitalPublished 2
Bitcoin UP TOBER - Where is it ? The Arrow points towards October Last year. The First 2 weeks were RED Stop panicing Ladies and Gents..... Things can still improve However, Macro events are no doubt causing concern, so be prepared for all events..But a red first week in October is not unheard of. UPOTBER may well still arrive...............by OrriginalPublished 1
Bitcoin to touch 59k then upIt has been around a year since bitcoin started pumping again, After a sudden downturn in the past few days, it is likely that bitcoin will face an upswing retracement as the election draws closer and the October Pump occurs. What will happen 2025 is uncertain, however it seems likely bitcoin will hold until the election date and a few weeks after. Longby HW006Published 223
Today's buy zoneMy buyzone for btcusd today, yesterday's trades hit full TP. Let's see how today plays out, tight SL which may be adjusted. TP set at 30m order block maybe lowered to deliver a 1:3 RRLongby PassivePipsPublished 4
BTC is a victim of liquidity problemsMorning folks, So, we've planned just perfect last time, and BTC actually has dropped but much faster than we thought. It was not even able to form the right arm of H&S pattern and collapsed. But don't search the explanation on cryptomarket. The reasons are more pragmatic - short-term liquidity fall in the US. First is BofA collapse yesterday, then SOFR rate has jumped above RRP. Sea ports are under strike, which also bring a mess in mutual relations of all counterparts. So, current BTC drop is a pure run into liquidity. We do not know when it will be over, hopefully soon. But now we do not consider any longs and prefer follow to the market and see what reaction will be around strong support areas. Next one is 58Kby Sive-MortenPublished 5
BTCUSD: How to trade ?Today’s analysis for BTCUSDT based on the chart shows a potential continuation of bearish momentum. The price has been rejected at a resistance level around $63,000, highlighted by the red arrow and labeled "Resist". The current price is hovering around $61,100, and we observe that BTCUSDT is struggling to break back above this resistance zone. Key Points: Resistance: $63,000 is acting as a strong resistance level. Support: There is a crucial support zone around $54,300, as shown in the green area on the chart. Strategy: Bearish Scenario: If BTCUSDT fails to break above the resistance around $63,000, a further drop towards the support level at $54,300 is likely. Consider short positions below the resistance level with a target near the support zone. Stop Loss: Set above $63,000 to mitigate risks in case of a breakout. Bullish Scenario: If there is a clean break above the $63,000 resistance level, the next upside target could be around $66,000 or higher, invalidating the bearish outlook. The overall sentiment remains cautious as investors monitor price action around key resistance and support zones.by SuyouuUpdated 339
Bitcoin short to 57k-54kBitcoin is currently in a correction movement below my silver ring line, which is acting as resistance currently. Price is aspected to continue going down to around 57360$- 54000$ per coin. The blue line is another ring that is situated at 55000$ price.Shortby mxolisimgidiPublished 1
bitcoin no strenght yetEveryone is very bullish. i can't see any strength yet, it just made a bearish ABC pattern, I sold 65k and looking for lower prices or some sign of strength. I would like to see a new wave B formed here, lost and reclaimed to buy back spot. Looking at Twitter everyone's super bullish, which makes me want to see even lower prices, going as low as 32-38k in a quick flush would be ideal, but that's only a dream yetShortby Trader_PoloPublished 0
BITCOIN Expanding Triangle breakout?Should I be worried and cut my losses because of the war in the Middle East and the impending recession? For me, no. The lower time frames are full of noise, and if you know your game plan, don’t panic. If you are a long-term investor, that’s fine; if you like to DCA, you’re doing great! What’s important is knowing when to exit. For me, I'm still bullish unless we break the protected low at GETTEX:48K , because that might be when I need to change my bias. If you notice the chart, it has retested the expanding triangle three times. I think the fourth retest will be rejected again, but the fifth one will definitely break out. I think my safe exit will be between $95K and $100K, but we’ll see because we’re not market makers.by chase_IDPublished 2212
2 years of BITCOIN PA and the options we now haveHere you go, Just over 2 years of #Bitcoin and pointers to whats next. We can all make Guesses and predictions about where BTC is going but at the end of the day, a Chart will NEVER Lie and shows the options available. So, Here we are, Near Mid channel, Just above support. This line has held PA 4 times since Jan 2023 and failed Once only. And we are just above it again now, having bounced off it 3 weeks ago. Current Price at this support is around 58K usdt ( Grey Arrow) Should that fail to hold, if we test it again, then we will likely Visit the Lower trendline of channel, currently around 50K - 53K usdt, depending on speed of Drop. It is the upper Trendline that holds all the power. It has rejected PA 5 times since September 2022 and acted as support only Twice. ( Thin Arrows) This line of resistance si Strong and added to this we have the "Local~" range high that is also strong Resistance. This all adds up to a Ceiling of strong resistance that ends around 76K. So where does this leave us ? The Path of Least resistance is simply to continue in Range till we hit the lower trendline in Dec 2024 ( White Arrow) with a price around 54K. From there, a bounce higher is highly likely and the need to break through Strong resistance is eased by doing it in 2 separate Goes and could lead to a new ATH around March time ( assuming continued Trend speed Etc ). For me, this is becoming more likely now given world events. Another possibility is that PA crashes down low in the near future, to around 48K, and hits Lower trendline. From there, we would have to see if the Bulls could keep PA on the line, which I am sure they would. From there, PA may range along lower trendline to recover confidence before pushing higher again. And the last possibility is obviously that PA bounces from current Area and attempts to punch through the wall of resistance in one go and break over 76K and Holds it. Which it may struggle to do. We shall find out soon enough. So many charts pointed towards a New ATH a round Dec..that may have changed. Time Will Tellby OrriginalPublished 1