#Usdt Dom 1D chart - What's next step for #Bitcoin?#Usdt Dom 1D chart;
Of course, it was no coincidence that the first scenario from the critical zone I mentioned earlier was realized
Because the continued uncertainties and bearish signals on the #Bitcoin side also helped determine the direction of this chart.
With the trend compression, we may see an upward movement. A rise up to around 6% would not be a surprise. Likewise, we can say that it also supports that the bearish levels we have determined on the Bitcoin side may be possible.
Bitcoinidea
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47k Coming for Bitcoin?$Bitcoin #CME 1D chart;
The gap formed by the opening last week has not yet been filled. I think the rise will not start before this place is filled.
The Bat Harmonic structure, which is also formed in the current structure, points us to $ 47k levels. It is difficult to say anything clear if it will come true. However, we should not forget that this possibility also exists.
Bitcoin had received an upward reaction with the support it received with its last visit to the IMB level. However, as can be seen, it has not yet made any contact with the IMB zone at $ 47k levels.
It doesn't always touch these areas, of course, but why not:)
Bitcoin - Bulls Woke UpBitcoin finally gained bullish momentum after forming a bullish divergence on the daily timeframe on the RSI and breaking the downtrend line (and SMMA), I believe we may see a correction of this movement in the short term, but most likely we will reach 70k again in the coming days/weeks.
The German government has completed the sale of all Bitcoins, leaving this asset free to return to its Bull trend. (less selling pressure)
BTC - Local perspectiveOver the weekend INDEX:BTCUSD re-contested the $66,141 level and now we see consolidation above this level.
If the consolidation continues and the price can successfully consolidate above this level during this week, there are all chances for the price to rise towards the next model level - to the price of $73,518, the resistance zone, very close to the historical maximum.
If the price returns under the level of $66,141, it is reasonable to expect a move towards $61,083, $59,505 and the unclosed GAP at the CME:BTC1! at $57,805:
BTC continues to ClimbSo we are back with a new monday and if you have been keeping an eye on the chart, you know it played out exactly as we wanted. We had a weekly close above the resistance and the btc has created 2 small supports about the resistance. Be warned, these supports can be tested multiple times and there might come a time if the bear volume rises that price comes down to the second support. Once tested, it will bounch back and will try to break the next resistance.
The current price is supported of 20MA and MA50 is waiting between the two supports to provide additional support in case of a bear run over.
Above the current zone we have a slight resistance that can halt us for a while but it is easily breakable.
During the weekend, the change in US politics caused the price to take a jump (within the prevision 12 hours).
This week is going to be very crutial for us. Watch out for the Bitcoin conference being held as Nashville.
We have a big concern for now and that is the zone around $69,000 however I believe during the conference the price is going to shoot like a rocket. It should touch atleast FWB:73K if not $75k.
Make sure to be alert if you are going to take trades as the market has a tendency to try and capture big leverage people.
For sure millions of worth of shorts are going to get liquidated, but there will be many long positions as well who will become victim to the market.
Let's check in the evening how the market plays off.
Major BTC Bulltrap? Another leg downwards! BTCUSD Index Analysis OF Very Probable reversal and new downtrend continuation
Reasoning goes by the points I've made below
DOUBLE-TOP that happened at May 20th and June 24th AT 71940 BITSTAMP:BTCUSD
Further major and strong Order Block (4H OB) at 67700-68400 BITSTAMP:BTCUSD level
This recent move, that has been happening since July 19th, has sweeped old Liqudity area that previously formed mid-trend and formed DOUBLE TOP that happened at June 14th & 17th
Additionally, June 20th Liqudity Run, that formed a Lower Timeframe Breaker Block, which was recently used as support for last liqudity area, just got swept (at the time of writing 20:52 utc +3).
All of above coinsides with 0.236 Fibonaci retracement of last major downtrend that started at June 24th and ended on July 5th.
Exuberant market sentiment about recent market uptrend and additionally too many optimistic mainstream media news regarding $BTCUSD.
For last few confirmation would like to see
66300 Level - Break and Close of LTF Breaker block area
62400 Level - Another imporant level, if we break and close below, then it will only confirm all of the above.
53500 Level - future level that I watch, when we get closer to it I will do another analysis.
Will #Bitcoin repeat its past moves?#Bitcoin 1W chart;
Let's try to look at the Bitcoin picture from a more distant and different angle;
First of all, the positive divergence of the MVRV indicator with the breakout of the rising top in October 2020 signaled the beginning of a movement in the market.
MVRV is an indicator used to determine the overbought or oversold conditions of the market.
In May 2021, we see that the first top began to decline (2nd vertical yellow line), again with negative divergence.
Subsequently, the 1/RSI divergence at the second top signaled that the downward start of the cycle was now possible. We can say that the manipulation area here was the foam of the 2021 cycle. We can say that those who read this place well left the market with good gains in time.
With the start of the bear cycle, the next first positive signal came in April 2023. With the 2/RSI giving a positive divergence, it showed us that the direction of the market was about to change.
With the test of the Ath level in March 2024, the 4/RSI divergence formed with the 2021 top showed us that the rise was over for now. Subsequently, the 3/RSI divergence formed at this level showed us the direction of the market a little. I tried to warn you as much as I could in this regard.
The area indicated by the orange arrow below shows us that an extreme buying period has not yet started in the market and therefore we have not yet entered the cycle we call mega bull.
Let's talk about the target... According to my estimates, I foresee that this cycle may be between 102k and 120k.
I hope this was useful information for you. If you like it, I would be very happy if you can share it to support.
Will #Bitcoin repeat its past moves?#Bitcoin 1W chart;
Let's try to look at the Bitcoin picture from a more distant and different angle;
First of all, the positive divergence of the MVRV indicator with the breakout of the rising top in October 2020 signaled the beginning of a movement in the market.
MVRV is an indicator used to determine the overbought or oversold conditions of the market.
In May 2021, we see that the first top began to decline (2nd vertical yellow line), again with negative divergence.
Subsequently, the 1/RSI divergence at the second top signaled that the downward start of the cycle was now possible. We can say that the manipulation area here was the foam of the 2021 cycle. We can say that those who read this place well left the market with good gains in time.
With the start of the bear cycle, the next first positive signal came in April 2023. With the 2/RSI giving a positive divergence, it showed us that the direction of the market was about to change.
With the test of the Ath level in March 2024, the 4/RSI divergence formed with the 2021 top showed us that the rise was over for now. Subsequently, the 3/RSI divergence formed at this level showed us the direction of the market a little. I tried to warn you as much as I could in this regard.
The area indicated by the orange arrow below shows us that an extreme buying period has not yet started in the market and therefore we have not yet entered the cycle we call mega bull.
Let's talk about the target... According to my estimates, I foresee that this cycle may be between 102k and 120k.
I hope this was useful information for you. If you like it, I would be very happy if you can share it to support.
#BTC/USDT Road to $150k!#BTC : Block out the noise.
We're far from finished! Each dip presents a new opportunity.
You FOMO when the market's green, but turn sceptical when it's red. That strategy won't cut it.
Bitcoin Monthly Analysis Update
Chart Overview:
- Channel Analysis: Bitcoin is in a long-term ascending channel, showing a bullish trend with strong support and resistance.
- Historical Patterns:
- 2016-2018: 60 bars (420 days),
- 2020-2021: 34 bars (238 days),
- Current Position: Trading at $66,993.6 nearing upper channel resistance with a target of $115k to $150k.
Key Levels:
- Support:
- $51,682.
- $43,285. (High Liquidity Untested Territory)
- Resistance:
- $66,993.6
- $73,000
Future Projections:
- High Liquidity Untested Territory: Retest around $43,210.7 could be a strong buy.
- Bullish Scenario: Breaking current resistance targets $115,000 - $150,000.
- Bearish Scenario: Failure to break $70k resistance may lead to correction towards support levels in the high liquidity zone, GETTEX:48K to $60k. (Will update as the time goes and more candles are printed), less likely scenario but possible. Am I scared or selling? NO! I am holding BTC and Alts.
Market Sentiment: Volume increase during last bull run suggests bullish sentiment, but traders should be ready for volatility.
Conclusion: Bitcoin remains bullish within the ascending channel. Monitor key levels to capitalize on market movements.
DYOR, NFA 🚀
#Crypto
What do you think?
BITCOIN. HIDDEN FACTS ON. (BTCUSD)We don't see a drop in Bitcoin .
There is no money or investment that falls forever.
Unless Of course the system crashes.
I do not give investment advice.
As soon as it breaks 28800, they will try to blow up all the crypto.
Stop-Sell = 27999 Don't worry, sell it.
Supported.
33000 (buy %5)
31900 (buy %5)
31000 (Buy %10)
30200 - (Buy %15)
29400 (Buy %15)
28800 - Last Level
27999 - Short. ( %50)
2*300 - Short Closed ?
There is no such thing as coincidence.
Tschüss!
Bitcoin Daily TF Currently, Bitcoin is facing Support around my key level of $54,600, which coincides with the 0.5 Fibonacci level. Once Bitcoin closes above the 200-day moving average, it is expected to gain momentum and rise towards the top of the channel.
After breaking through the channel, Bitcoin is likely to continue climbing, then experience a pullback, before ultimately surpassing its previous all-time high and setting a new record.
Bitcoin (BTC) analysisDespite recording a correction of approximately 1% within the past 24 hours with a trading volume of $31.059 Billion, the Bitcoin price has recorded a jump of 11.93% within the past seven days, highlighting a strong bullish rise in the crypto space.
Moreover, the market leader is on the path of testing the resistance neckline of its rounding bottom pattern in the 1D time frame, the outcome of which is unpredictable.
On the other hand, the BTC coin price is also hovering close to its important resistance trendline of the descending channel pattern, highlighting increased price action for the star crypto in the market.
The Moving Average Convergence Divergence (MACD) displays a constant rise in the green histogram with its averages recording a positive action. This indicates increased buying pressure for the BTC token within the crypto space.
The RSI indicator has experienced a neutral action below its overbought range. However, the average trendline displays a bullish action, suggesting a positive outlook this week.
Taking the current market sentiments into consideration, if the bulls continue to gain momentum, Bitcoin price will break out of its crucial resistance level and test its $67,775 mark.
Maintaining the price at that level could result in the star crypto heading toward its high of $73,750.07 during the upcoming weeks.
However, if the bears overpowered the bulls, the BTC price will lose momentum and plunge toward its important support level of $60,000 in the coming time.
Bitcoin's Next Big Move: Long or Short? Key Levels to WatchHello Traders,
Bitcoin has been moving within an uptrend channel for the past week, forming three continuous bottoms at 54,200, 55,000, and 56,600. This pattern suggests it has been gaining momentum for a significant move expected tomorrow or the day after.
Long Scenario: If Bitcoin succeeds in breaking and closing above 59,200, I will enter a long position targeting 62,200. My stop-loss will be set at a close below 56,600.
Short Scenario: If Bitcoin closes below 56,600, I will enter a short position targeting 51,500. The stop-loss will be set at the close of a 4-hour bar above 59,000.
Happy trading!
CRYPTO:BTCUSD
Bitcoin Price Breaks $63,000 Following Assassination AttemptBitcoin Price Breaks $63,000 Following Assassination Attempt
In a dramatic turn of events, the price of Bitcoin surged past $63,000 following an assassination attempt on former U.S. President Donald Trump. This unexpected spike in Bitcoin’s value has captured the attention of investors and analysts worldwide, highlighting the intricate relationship between political events and financial markets.
The incident occurred during a campaign rally in Pennsylvania, where a gunman opened fire, targeting Trump. Fortunately, Trump survived the attack with minor injuries
Market Analysis
Analysts have linked the rising price of Bitcoin to improved odds of a Trump election victory. Trump’s pro-crypto stance has made him a preferred candidate for many Bitcoin advocates.
Exchanges saw heavy trading volume as Bitcoin broke above its 200-day moving average, a technical level viewed by many as a bullish signal.
Bitcoin’s recent price movement is part of a broader trend of volatility in the cryptocurrency market. Earlier this month, Bitcoin’s value had dipped to lows near $53,000 due to Mt Gox pay out and German government action with Bitcoin. However, the cryptocurrency has shown resilience, bouncing back and regaining its footing above $60,000.
Investor Sentiment
The assassination attempt on Trump has been described as a “black swan event” by some crypto commentators, referring to its unexpected nature and significant impact on the market.
Investors are now closely watching the market to see if Bitcoin can sustain its current momentum and potentially reach new all-time highs.
Future Outlook
Looking ahead, the future of Bitcoin remains uncertain but promising. If Trump continues to gain political traction and maintains his pro-crypto stance, Bitcoin could see further gains.
However, it’s important to note that the cryptocurrency market is inherently volatile, and external factors such as regulatory changes, technological advancements, and macroeconomic trends will continue to play a significant role in shaping Bitcoin’s trajectory.
Conclusion
The recent surge in Bitcoin’s price following the assassination attempt on Donald Trump underscores the complex interplay between politics and financial markets. As Bitcoin continues to evolve and gain mainstream acceptance, events like these will likely become more common, reflecting the growing influence of cryptocurrencies in the global economy.
Investors and analysts will be keeping a close eye on future developments, particularly in the political arena, as they assess the potential impact on Bitcoin and other cryptocurrencies
BITCOIN ( TRADING ABOVE DEMAND ZONE ) ( 1D )BITCOIN
HELLO TRADERS
TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure
TURNING LEVEL : the price around 57,056 , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level
PRICE MOVEMENT : the price in previously can be stabilizing above turning level around 57,056 , and created a demand zone , currently price at 59,731 , my opinion the price retest a turning level 57,056 after rising my goal resistance level at 62,452 .
PRICE ACTION :
LONG CONDITION : have two cases to rising for reach a resistance level , first case the price toward directly reach a resistance level at 62,452 , second case price corrective a turning level at 57,056 before rising , if the price breaking supply zone reach a resistance level at 68,362
SHORT CONDITION : if the price breaking 57,056 by open 1D candle below this level reach a support level at 53,664 , then stabilizing below this level reach a 49,963 .
TARGET LEVEL :
RESISTANCE LEVEL :62,452 , 68,362
SUPPORT LEVEL : 53,664 , 49,963
#BTC/USDT Hit our Target $63k What's Next? Since the last BTC update, the price has followed our expected path perfectly. Currently, BTC is trading right around the critical resistance level of $63k, a level I've highlighted since it reached $53k. This is the moment of decision.
Following the news of an assassination attempt on Trump, the market experienced a relief rally. However, it's still uncertain whether we are out of the woods yet.
The best strategy now is to start positioning into altcoins while holding BTC. Over the past 3-4 weeks, I've posted insights on 40 altcoins. Feel free to review those, as I'll be sharing 30 more promising altcoins starting today, so make sure to follow me.
Returning to the chart, if BTC breaks above the $63k level, we could see it trading around $70k+ in the short term.
The mid-dotted line, which previously acted as support, has now turned into resistance. A breakout above this level could be very bullish for the market since the same level aligns with Multiple EMAs.
We are almost there; patience is key.
The most reasonable move now is to wait for a breakout above $63k. A break and close above this level would signal a strong opportunity to go long on both altcoins and BTC.
I will keep this chart updated and inform you of any significant changes, whether the breakout occurs or not.
So, follow me and share these charts with others. Don't forget to hit the like button. Please share your views, questions, or altcoin requests if you have any.
Thank you.
PEACE