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Bitcoin (BTC) meets massive inflowsBitcoin (BTC) has remained under pressure despite spot Bitcoin ETFs witnessing massive inflows. BlackRock’s iShares Bitcoin Trust (IBIT) registered a staggering $224 million worth of inflows. Besides BlackRock’s IBIT, Franklin Bitcoin ETF and WisdomTree Bitcoin Fund registered $5.5 million and $5.1 million worth of inflows. However, Ark 21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, CoinShares Valkyrie Bitcoin Fund ETF, and Grayscale’s ETF products recorded zero net inflows on Monday. Bitwise Bitcoin ETF recorded substantial outflows totaling $16.6 million, while Fidelity Wise Origin Bitcoin Fund and VanEck Bitcoin ETF remained in the red, recording outflows of $8.3 million and $7.2 million, respectively. However, despite positive spot Bitcoin ETF numbers, BTC has remained under pressure. The world’s premier cryptocurrency surged to a day high of $65,000 on Friday but has since dipped, with selling pressure taking the price below $63,000. The dip also caused a drop in open interest. Analysts have speculated that the noticeable drop in open interest for BTC indicates traders are pivoting towards altcoins, which have recorded a negligible dip in open interest. Bearish sentiment prevailed on Monday as sellers took control and pushed BTC back below the 200-day SMA to $62,903, with the resistance at $65,000 proving to be a bridge too far for buyers. The current session sees BTC marginally down as bears look to extend their dominance and push BTC toward the 50-day SMA. So what next for BTC? Buyers held their ground over the weekend and prevented a drop below the 200-day SMA. However, that changed on Monday as BTC dipped below $63,000, indicating that sellers had the upper hand. For BTC to recover, buyers must ensure it stays above the 50-day SMA. If BTC dips below this level, it could drop to $60,000.
by paul_endeo
Will BTC Push Up Soon? The Key Level is at 65000.00 !!! I will be looking for LONG opportunities on BTC after the resistance level at 65000.00 has been broken and thereafter forms an upward confirmation Break of Structure(BOS) signal, and the two reasonable take profit levels are set as "TP1" at 70000.00 and "TP2" at 72000.00, shown on the 8H Chart. At the moment, BTC is consolidating locally. It seems that the market needs to grab more liquidity from supporting areas down below in order to push up later and the 8H green Demand Zone can be a potential area for that. If the "Caution level" at 58000.00 below the 8H Demand Zone has been broken first, then new analysis on BTC will be made.
Long
by ForextWaveTrading
BTC/USD "Bitcoin" Bullish Robbery plan to steal the moneyHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist BCH/USD "BITCOIN CASH" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
COINBASE:BTCUSDLong
by Thief_Trader
The Ultimate Guide to Buying BTC on Spot: Strategies for SuccessDelve into the world of Bitcoin trading with this in-depth guide to buying BTC on the spot market. We'll explore the best practices for purchasing Bitcoin, including tips on timing, market analysis, and risk management. Whether you're a long-term investor or a short-term trader, this guide will provide the insights needed to maximize your returns in the ever-evolving crypto landscape. Learn how to secure your position in Bitcoin, the world's most valuable cryptocurrency, and make informed decisions that align with your financial goals.
Long
by Darshana_Alwis
I will be buying BITCOIN on the breakout soon. See chart. This is a great setup that I learnt from another fantastic trader named Rulf who lives in Germany. He is also a professional trader. See how price for bitcoin broke out earlier and the RSI also broke out above the 70 zone on the RSI. Well the way setup works is that you want condolidation in price to occur and a pullback of the RSI back to a level around 50. Then, when the RSI breaks above the 70 zone on the 2nd occasion you buy instantly as the RSI enters 70 again. Price normally responds by breaking out crazily.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
#BTC/USDT Bullish September+Q4 Ahead!Detailed technical analysis of the BTC/USDT pair on a daily timeframe. Here’s a breakdown of the key elements and potential trading ideas based on the chart: ### Key Observations: 1. **Descending Channel Formation**: The price action is moving within a descending channel, with clearly defined peaks (marked as 1, 2, 3, 4, 5, and a possible 6) and troughs. The price seems to respect this channel, bouncing off both the upper and lower trendlines. 2. **RSI Divergence**: The RSI (Relative Strength Index) at the bottom of the chart is showing a bullish divergence. While the price has made lower lows, the RSI is making higher lows, indicating a potential reversal or a weakening bearish momentum. 3. **Two Scenarios Outlined**: - **Scenario 1**: A breakout above the upper trendline, leading to a potential rise towards the resistance zone around the $70,000 level. This is supported by the drawn path, suggesting a bullish move if the breakout is confirmed. - **Scenario 2**: A pullback to the support area around $55,000 - $54,000, before a bounce that could either break the descending channel or test the upper boundary again. 4. **Volume Consideration**: The chart indicates a period covering 197 bars (days) with a total volume of 6.448M BTC traded. The consistent volume could signify accumulation or distribution phases, depending on the context of the breakout or breakdown. ### Trading Idea: Given the current technical setup: - **Bullish Scenario (Long Trade)**: - **Entry**: Enter a long position on a confirmed breakout above the upper trendline, ideally above $62,000 with a daily close above this level. - **Target**: Initial target could be around $68,000 to $70,000. Further targets can be set at key Fibonacci extensions or psychological levels such as $75,000. - **Stop Loss**: Place a stop loss just below the breakout point, around $60,000 to $59,500, to protect against a false breakout. - **Bearish Scenario (Short Trade)**: - **Entry**: Enter a short position if the price fails to break out and instead pulls back towards the support zone around $55,000. - **Target**: Target the lower end of the channel, potentially around $47,000 to $45,500. - **Stop Loss**: Place a stop loss above the upper trendline, around $62,500, to protect against a sudden breakout. - **Neutral (Wait and Watch)**: - **Strategy**: If the price remains within the channel without any clear breakout or breakdown, it might be prudent to wait for a clearer signal. This could involve waiting for a decisive move outside of the channel or for confirmation via volume and RSI divergence resolution. This analysis provides a balanced approach, allowing traders to react to the market based on the price action relative to the defined channel. Ensure that positions are adjusted according to evolving market conditions and use proper risk management. Not Financial Advice, Always do your own research. Please hit the like button if you like it and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
"Powell and Trump's Pump" & New Study Showing BTC Fractal TargetWe had a nice pump in the markets today, stemming from J Powell's comments from Jackson Hole signalling not only one rate cut coming in September, but likely multiple (not priced in). RFK also kinda sorta endorsed trump but still kept the Hail Mary option open for him to still get elected (Don't hold your breath, although I'd love to see that. RFK had a great speech at Bitcion 2024 and is a good man, but doesn't have the votes). Markets reacted positively and some are boldly saying 'The Bull Run is Back'. 🚀 We shall see. Students of Hurst's Market Cycles will also note that this week (tomorrow the 24th preciely) should be the weekly cycle low, so that could also be a contributing factor. In this video, I briefly review the NASDAQ:IBIT chart showing one open unfilled gap lower (this can take awhile and so this is still on the table) as well as the new BTC fractal study I mentioned. (But I forgot to share the DXY chart showing that we're testing the important 101 level, which is looking like it's going to cut right through it like a hot knife through buttah). Most interesting... Check out this fractal overlay I pulled from earlier in the year, showing the possible path of Bitcoin higher, and that almost exacly lines up with current / previous trendline S&R as well as my Fibonacci price target of $150, which you can review in some of my other posts here... Finally seems like we'll have the wind at our back soon. While this was a nice breeze, I'm going to remain cautious and wait for confirmations higher to go 'all in'. For me, that's seeing confirmed closing price action above $74k. See the video for some specific / excact entries. If you'd like me to cover anything in future videos, leave a comment below. Thanks again to the TradingView team for choosing my last video as 'Editors Pick' today! 🚀🚀 Keep up the good work guys!
CRYPTOCAP:TOTAL3Long
by BrettFogle
2
Bitcoin - Buyers Are Still In ControlBITSTAMP:BTCUSD is reversing every single rejection of the previous all time high which we saw over the past couple of months, clearly showing that buyers are still overall in control of Bitcoin. Click link above to see detailed analysis 👆🏻 For a couple of months in a row, Bitcoin has been retesting the previous all time high which was created back in 2021 but was not able to break it towards the upside sustainably. However it is quite likely that we will soon see a bullish breakout considering that investors are literally buying every single dip and traders are too hesitant to sell their positions. Levels to watch: $60.000 Keep your long term vision, Philip - BasicTrading
BITSTAMP:BTCUSDLong
by basictradingtv
9
Bitcoin and altcoin overview(August 23-24)Regarding Bitcoin , there have been no changes in the structure since yesterday. We are still within the global sideways range and are primarily waiting for a breakout of the trading high at $62,800. There's a high probability that this will happen today, influenced by the US Federal Reserve's interest rate reduction. The announcement is scheduled for 17:00 (GMT+3). Selling zones: $64,000-$65,200 (mirror volume zone), $67,000-$68,300 (mirror volume zone). Buying zones: $59,550-$59,000 (maximum volumes), level $56,100, $52,000-$50,000 (volume anomalies), level $48,000. Interesting altcoins A strong mirror volume zone of $1.05-$1.03 has formed for the FET coin, which continues to be in a strong upward trend. When approaching this zone and seeing a reaction from buyers, we open a long position.
Long
by Crypto_robotics
1
Bitcoin, is the bull run continuing soon?I expect the Bitcoin price to consolidate in the 53,600 - 49,000 zone, after the price is fixed in the zone, I expect to see a price increase and a high probability of breaking the maximum. If you look at the Online LTH Realized Profit 7D metric, you can see a similar seasonality of the market that was in 2021, in addition to the online metric, I conducted a deeper study and found many arguments that confirm my expectations, there is a low probability that the price will drop below 48,900, I do not expect this level to break through.
by GarateTradeCrypto
3