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)
Bitcoinlong
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.
Bears need to explain that bull flag
As shown on this chart (28 Feb- 12 May), the market is in a sideways trend (clumsy indecision).
Can't say that it annoys (to be honest) but, I can trust a thief to steal my car because he knows his job well, knows what he wants to do :)
Indecision kills!
What to do when you don't know what to do
1- Control Your emotions ;)
2- Nothing goes straight up (don't panic)
3- Why are you making this trade? Have a reason for every trade (buy- sell)
4- Focus on bigger patterns. one day, it will make sense to you
My rational choice is:
intermediate ---- > diamond bottom reversal pattern (Target = $ 73.5k)
primary ---> bull flag pattern (Target = $ 86k)
strong support = $ 58400
#Bitcoin geçmişte yaptığı hamlelerini tekrar eder mi?#Bitcoin 1W grafik;
Bitcoin resmine daha uzaktan ve daha farklı bir açıdan bakmayı deneyelim;
Öncelikle Ekim 2020’deki yükselen tepenin kırılımı ile birlikte MVRV indikatörünün pozitif yönlü ayrışması bize markette bir hareketliliğin başlangıcı olduğu sinyallerini vermişti.
MVRV, piyasanın aşırı alım veya aşırı satım durumlarını belirlemek için kullanılılan bir indikatördür.
Mayıs 2021’de yine negatif yönlü ayrışmayla birlikte ilk tepenin düşüşünün başladığını görüyoruz (2. dikey sarı çizgi).
Akabinde gördüğümüz ikinci tepede ise oluşan 1/RSI uyuşmazlığı artık döngünün aşağı yönlü başlangıcının olabileceğinin sinyallerini vermişti. Buradaki manipülasyon alanı da 2021 döngüsünün köpüğüydü diyebiliriz. Burayı iyi okuyanlar piyasadan vaktinde iyi kazançlarla ayrıldı diyebiliriz.
Ayı döngüsünün başlamasıyla birlikte bir sonraki ilk pozitif sinyal Nisan 2023’de geldi. 2/RSI’ın pozitif uyumsuzluk vermesiyle birlikte piyasanın yönünün değişmek üzere olduğunu bize göstermişti.
Mart 2024’de Ath seviyesinin test edilmesiyle birlikte 2021 tepesiyle birlikte oluşturduğu 4/RSI uyumsuzluğu bize yükselişin şimdilik buraya kadar olduğunu göstermişti. Akabinde de bu seviyede oluşan 3/RSI uyumsuzluğu bize marketin yönünü az da olsa göstermişti. Bu konuda elimden geldiğince sizleri çokça uyarmaya çalıştım.
Aşağıda turuncu ok ile belirtili bölge bize aslında markette aşırı bir alım döneminin henüz başlamadığını ve bu nedenle de mega boğa dediğimiz döngüye henüz girmediğimizi gösteriyor.
Gelelim hedefe.. Bu döngünün tahminlerime göre 102k ile 120k arasında bir seviyede olabileceğini ön görüyorum.
Umarım sizler için faydalı bir bilgi olmuştur. Beğendiyseniz, destek olmak adına paylaşabilirseniz çok sevinirim.
Bitcoin to Alltime High?The Weekly Delta is positive and increasing. Bitcoin has had a good rise in the last few days and is in the area above the important 63.000 level.
The seasonality also speaks in favor of Bitcoin at the moment. I take a long position with a narrow risk reward of 1 to 1.92 with potential for more.
Bitcoin - Half way to the $200.000 target!BITSTAMP:BTCUSD is consecutively retesting the previous all time high and breaking out soon.
You all know my life motto: Keep your long term vision. This is especially true when it comes to trading the major swings on Bitcoin. These very volatile short term moves will always give you a false perception of the underlying trend. And the underlying trend on Bitcoin is bullish, despite the recent back and forth at the previous all time high. I do expect a major bullish breakout soon.
Levels to watch: $67.000
Keep your long term vision,
Philip - BasicTrading
Bitcoin hits 4-week highSince breaking above the 200-day moving average and the bearish trend line around the 59,500 mark at the start of last week, Bitcoin has rallied sharply as the bears rushed to exit. Along the way, it has surpassed multiple resistance levels, including 63,800 on Monday. This level has now turned into support, indicating bullish price action.
In recent days, Bitcoin had been consolidating its gains from the past couple of weeks. However, today it has risen again, surpassing yesterday's high of 65,130, which is now the nearest short-term support level to watch.
Thus, the path of least resistance for Bitcoin is clearly to the upside as it approaches potential short-term resistance around the 67,000 area. The key resistance area is around the 72,000 mark, which Bitcoin has struggled to break convincingly after several attempts in the past few months. Nonetheless, the overall price action appears bullish, and an eventual breakout seems likely.
By Fawad Razaqzada, market analyst at FOREX.com
Bitcoin Daily TF Currently, Bitcoin is facing Support around my key level of $54,600, which coincides with the 0.5 Fibonacci level. Once Bitcoin closes above the 200-day moving average, it is expected to gain momentum and rise towards the top of the channel.
After breaking through the channel, Bitcoin is likely to continue climbing, then experience a pullback, before ultimately surpassing its previous all-time high and setting a new record.
BTC will surge direct 72500$ Hi folks, as usual we are sniping a golden entry on btc
Bitcoin tested the support area and grabbed liquidity from there. The price will pump hard due to the FOMo coming with news, The resistance area is $62,800, and the support area is $63,900
Don’t forget to boost and support our Ideas to receive more Analysis
We are using LEET ALGORITHMIC CONCEPT (LAC)
a revolutionary new trading concept developed by LEET TRADERS COMMUNITY and based on the reasoning logic of the most powerful trading algorithms that control all financial markets .
very high accuracy, No psychological factor or stress, the only rule is to follow the steps of the checklist until you reach the target
BTC - 1h View of my ideaThe idea is that stop-loss are below these wicks
meaning liquidity to shift LTF momentum
also gaps / order blocks below which mean an imbalance
between buyers and sellers.
When it happen price should close above inside the previous blue OB
(625xx) to validate my price action theory.
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
BTCOf the opinion BTC has entered into marco w5 of the HTF (3) wave. The (3) is set to hit $90-$110k .
For now the marco 1 has entered into a diagonal pattern which is a combination of ABC 3 waves inside of an impulsive 5 wave structure.
I have the local top at $61,000 before a pull back to $54-$56,000 for marco 2 of 5 of (3)
The rise of Bitcoin will be the rise of $ENJ and $EFI Let me tell you why I will only give you ten reason why Gamification (not p2e) is the new narrative next year, it will foreshadow something that is big for 2025 to make a great comeback for p2e games.
1. Gaming is a $200B+ industry primed for NFT and blockchain disruption enabling true ownership of in-game assets.
2. High demand for using real-world IP from global brands like Star Trek, Formula 1, and gaming IPs in tokenization efforts as RWAs.
3. Recent ruling that NFTs can represent legal ownership brings regulatory clarity for blockchain assets backed by real assets.
4. Next billion crypto users more likely to first access web3 through gamified experiences vs trading/DeFi products initially.
5. Value accrual to decentralized gaming platforms and token incentives rather than centralized game publishers alone unlocks new growth.
6. Combining decentralization benefits with existing fun gaming experiences and communities supercharges adoption.
7. Success of trailblazers like Axie Infinity demonstrates blockchain gamification viability.
8. Facebook rebranding to Meta signals wider market realization of token metaverses and blockchain games as the future.
9. Enjin simplifies game asset creation across 50+ chains while handling complex token economics and distribution.
10. Over $100B in NFT trade volume last year shows exponential increase; gaming and gamified NFTs poised to grab market share.
Now this is my short thesis for Enjin and EFI token.
1. Next-gen Enjin Wallet integrates Efinity and Polkadot parachains to enable advanced NFT support.
2. JumpNet launch provides free, eco-friendly blockchain custom-built for NFTs, removing gas fees barrier.
3. Multiple collaborations continue with brands like McLaren Racing introducing NFT fan engagement within games.
4. Growing ecosystem of projects leveraging Enjin for tokenized gaming assets and experiences.
***I supposedly not post this publicly but I will give it for free, it should be for my community only but here you go.*** FEAST my brothers and sisters.
BTCUSD Bullish Robbery PlanMy Dear Robbers / Traders,
This is our master plan to Heist BTCUSD 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.
Stop Loss : Recent Swing Low using 4h 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 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.