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FED CUTS RATES NOW WHAT?!?The FED has cut rates by .50bps and there are more cuts are expected so the meeting in OCT will be on to watch if we get another 50 or even a 25 we will be looking a pumptober. BTC went as high as 64,000 in the days after the decision, if we look at the volume profile we can see we are resting on the top of a big gaps that if broken we could see a drop to 59,000-60,000. I’m cautious here the combination of gold being at an ATH and the QQQ dipping at the end week with the FACT that historically rate cuts have lead to the ST declines plus the future have a negative lead on spot if we can hold this level though I will open of a position long but I will be very fast to take profits. Also options have been approved for IBIT now the OCC and CFTC have to approved them before they list but this is very very bullish. The big boys trade mainly in options due to the fact you can be non directional and well trad fi degens are the OG degens and they like leverage. Overall I’m bullish and I think 2025 will be the banana phase so prepare for opportunities now not that that anyone asked.
Long
by TradeBroInc
Federal Reserve Cuts Interest Rates by 50 BPS, Crypto RalliesMarket Update - September 20th, 2024 Takeaways The Federal Reserve cuts rates:  The Federal Reserve announced Wednesday it will cut the federal benchmark interest rate by a half-percentage point (50 basis points), lowering the range to between 4.75% and 5%. Crypto markets responded well to the move, with the price of bitcoin pushing past $63,000. US crypto legislation still possible this year:  US senator Cynthia Lummis (R-WY) said in an interview Tuesday she thinks crypto legislation could be passed during the lame-duck session of Congress. US spot bitcoin ETFs pull in $187 million in inflows:  US spot bitcoin ETFs drew $187 million in inflows Tuesday, marking the fourth consecutive day of inflows after a significant drawdown. Republicans ask for clarity on crypto airdrops:  US representative Patrick McHenry (R-NC) and other top Republican lawmakers sent a letter to SEC chair Gary Gensler asking for clarity on crypto airdrops. Federal Reserve Cuts Interest Rates by 50 BPS, Crypto Rallies The Federal Reserve announced Wednesday it is lowering the benchmark federal funds rate by a half-percentage point (50 basis points) to between 4.75% and 5%. It marked the first interest rate cut in more than four years and signaled the Federal Reserve is ready to ease up on its fight against inflation. The move marked the first time since 2008 the Federal Reserve had cut interest rates by 50 basis points at one meeting. Many analysts had expected a quarter-point percentage cut, but cooling inflation and a soft labor market allowed Federal Reserve chair Jerome Powell to be more aggressive. In August, the Consumer Price Index (CPI), a key inflation metric, dropped to 2.5% year-over-year, roughly hitting Powell’s 2% inflation target. The long-anticipated move sparked the broader markets. And crypto prices also rallied, with bitcoin pushing to roughly $63,500 and ether increasing to roughly $2,350 respectively. A low interest-rate environment is widely viewed as a greenshoot for risk assets including crypto, but it remains to be seen if a rate-cutting campaign will ultimately shoot bitcoin and other cryptocurrencies to all-time highs. 🌐 Topic of the week: Global Stablecoin Ecosystem 🫱 Read more here
GEMINI:BTCUSD
by Gemini
Federal Reserve Cut Sends Bitcoin UpThis week, the Federal Reserve delivered a highly anticipated 50 basis point interest rate cut, the first of its kind in over four years. Crypto markets, as expected, reacted swiftly, with Bitcoin jumping over 4% and breaking past the $62,000 level. The broader cryptocurrency market followed, with Ethereum, Solana, and others posting gains as investors recalibrated to the Fed’s more dovish stance. But while the headlines may paint a picture of optimism, market sentiment remains divided. For some, this rate cut signals the beginning of a new liquidity-driven rally. For others, it raises red flags about the health of the economy. At first glance, the Fed’s decision was a boon for risk assets. With the dollar weakening, Bitcoin benefitted as investors sought alternative stores of value. In just a day, Bitcoin crossed the $62K mark for the first time in weeks, while Ethereum hovered around $2,350. But traders are already questioning how long this rally can last. A significant portion of the crypto market remains unconvinced. Analysts are cautious, noting that the aggressive nature of the rate cut might signal deeper economic concerns. The 50 bps reduction, larger than initially predicted, seems to be an attempt to stay ahead of a potential economic slowdown, with rising unemployment and muted inflation indicating trouble on the horizon. Despite the positive price movement, questions remain. The $1.6 billion in Bitcoin and Ethereum options set to expire this week could lead to increased volatility, with a put-to-call ratio suggesting that traders are evenly split between bullish and bearish positions. Bitcoin’s maximum pain point sits around $58,500, raising the possibility of near-term price declines if the market takes a turn. Looking ahead, traders are already placing bets on further rate cuts. With the next Federal Open Market Committee (FOMC) meetings scheduled for November and December, expectations are building for an additional reduction by the end of the year. However, the size of the cut remains to be seen. Polymarket, a popular crypto prediction market, indicates high uncertaintly as to the size of the cut. Currently, traders see a 57% chance on a 25bps decrease. This has prompted speculation that Bitcoin could retest its all-time high, but there are also plenty of risks ahead. Additionally, the timing of the next rate cut is crucial. If the Fed’s easing aligns with the US presidential election in November, the market could experience heightened volatility. Although pro-crypto stances from candidates like Trump are seen as positive for Bitcoin, uncertainty around the election could still rattle investor confidence. For now, the market is cautiously optimistic. Bitcoin’s surge post-cut is encouraging, but it’s still too early to declare the start of a new bull run. Institutional inflows, buoyed by the growing popularity of Bitcoin and Ethereum ETFs, suggest that long-term sentiment remains positive. However, it’s clear that many investors are hedging their bets, bracing for potential market turbulence as the year progresses. Patience will be key in the weeks ahead. The crypto market has always been volatile, and while the Fed’s rate cut provides a temporary boost, the broader economic picture remains uncertain. Traders will need to keep a close eye on both the macroeconomic landscape and the internal dynamics of the crypto market as the year draws to a close. In the meantime, the Fed’s next move will be crucial. With more rate cuts likely on the horizon, the question is whether the crypto market can continue its upward momentum. Otherwise, another period of turbulence is in store.
Long
by Coinrule
“Bitcoin is rising."Cryptocurrency markets are going through a dynamic period with significant developments. In Germany, 47 cryptocurrency exchanges were shut down by the Federal Criminal Police Office and the Internet Crime Complaint Center as part of efforts to combat money laundering activities. However, following the Fed's decision to cut interest rates by 50 basis points, there is a decline in dollar-denominated assets. This situation is supporting upward movements in Bitcoin. From a technical perspective, if it surpasses the 63,300 resistance level, the 65,000 and then 68,500 resistance levels could be tested. On the downside, if Bitcoin breaks below the 60,000 level, a further decline toward the 57,330 and then 54,000 support levels could occur.
BITSTAMP:BTCUSD
by primequotes
Bitcoin's local perspective 16.09.24The current local trend, which started last week, is described by the EXP ascending pattern (orange) and as long as its trend is not broken, there are all chances to continue moving towards $61,700 and $64,186. At the same time, now we see the forming EXP pattern (turquoise), which is a corrective pattern to the previous one. If the price goes under the zone formed by the fourth points of the models - the zone around $58,100, we may see a decline under the level of $55,494, where we will try to catch a long on #BTC on the rebound. If the price is able to consolidate under the $55,494 level, the next target will be the levels of $53,472, $51,268 and $49,155.
INDEX:BTCUSD
by TSFC
More pain before we SoarHere in this chart, I have mapped out the price points to keep an eye on. I like the 53k-55k range and believe it is extremely bullish for us to stay above it but the longer we linger here... the more likely we are to break down. Down would be to 48k support which is not as strong as some may think. I am still keeping an open mind to the possibility of an event where we don't have a normal cycle that rallies into the next year post-cycle but instead a drastic dip back down to reality at 38k - this is also a worst-case scenario and possibly the disbelief phase of the cycle. Or I can always go with my gut and say that we already had a short-lived bull market these past few years.
COINBASE:BTCUSD
by RetiredNovice
Bitcoin BTC price is preparing for a “crazy” SeptemberIf we compare the stock market drops at August 05 and September 03, we can say that the crypto market is still holding up very well. But we shouldn't relax, because there are a lot of events coming up in September that will set the tone for the Autumn: 1️⃣ September 6 - data from the labor market. July 5 and August 5 were extremely volatile downward after the data release. Now the market interprets and considers the most important indicator of the health of the US economy to be not inflation but the number of jobs created. Based on this data, on August 5, the market plunged into a not so pleasant weekend when CRYPTOCAP:BTC went below $50K. 2️⃣11 September - publication of the CPI and inflation data in the United States. 3️⃣18 September - the results of the two-day Fed meeting, the announcement of a rate cut. It's elegant that this day is also a full moon, conspiracy theorists are on the base) 4️⃣20 September - a hat trick - a day when stock options, stock index futures, and stock index options expire on the same day. This happens only four times a year - on the third Friday of March, June, September, and December, which can lead to a sharp increase in trading volume and volatility. 🍿 Preparing popcorn and soothing valerian) And if you look closely, you can see how beautifully OKX:BTCUSDT price moves through white dynamic fibo channels, from border to border. So use this information to your advantage, with profit!)
by P_S_trade
2
ETH Extreme Weakness - A Warning SignSince my last update on this chart, Ethereum has broken its long term uptrend and dropped almost 40% in value. This was back in May of this year: Zoomed out, you can see the failed long term trendline. Obviously, a break back above it would be a bullish sign, but there's a long way to go, as it's currently around $4,000. Right now, it rests on its 200 and 100 weekly moving averages (teal and yellow on my chart). There really isn't much support below here at all until previous bear market lows, near $1,000. In contrast, Bitcoin has a long way to fall before arriving in the same position. This is not unlike the previous cycle, where ETH bled significantly on its ratio against Bitcoin. For crypto bulls, this may be a good sign. However, there is still plenty to fall on the ETH/BTC ratio after making a macro lower high: There is no support on the ETH/BTC chart until lows not seen since 2020. It doesn't bode well for the #2 cryptocurrency, as it was unable to make a new high against Bitcoin. This means it is unlikely to outperform again on longer timeframes. This isn't a great look either, given the new ETH ETF's. I have no intention of buying ETH again, after making significant profit from 2018-2021 (buying around $100 and selling near $3,000). Can't complain about those gains at all, especially as its price hasn't managed to really hold above that price point this time around. On the bullish side (in the short term) if price continues to hold here, there could be a corrective wave up towards the 50 week MA near $2,800 (red). As for Bitcoin itself, the 200 week MA is a little below $40k at present. Let's see if price can break down from the current support at the 50 week MA (red). If support continues to be held here, it is likely to hold for ETH as well. Now, what about this rate cut tomorrow from the U.S. Federal Reserve? Given retail sales and the apparent strength of the economy, it seems fairly likely that 25 bps will be the decision. Now, investors and other market participants are quire wary of other economic data, which could easily signify a recession. Markets have been volatile in recent weeks. The Fed must tread carefully. If they cut by 50, it could signal to investors that they tightened too far, and are taking greater steps to curtail a recession. This might spook the market. My guess is that even with the 25 expected bps, the market will have the same lackluster reaction, particularly as it's not a meaningful rate reduction. Either way, I don't think the market will be pleasantly surprised enough to cause a significant bump up, essentially making tomorrow a "sell the news" event. We'll see though! Perhaps it really is that simple: rate cuts=more liquidity for a pump. This is meant for speculation only! Thanks for reading. -Victor Cobra
COINBASE:ETHUSDShort
by VictorCobra
3
#Bitcoin's long-term road plan!-396 days Processed Between 2013 High and 2015 Bottom! -365 days Processed Between 2017 High and 2018 Bottom! -365 days Processed Between 2021 High and 2022 Bottom! -1065 days processed between 2015 Bottom and 2017 Peak! -1065 days processed between 2018 Bottom and 2021 Peak! -1430 days Processed Between 2015 Bottom and 2018 Bottom! -1430 days Processed Between 2018 Bottom and 2022 Bottom! If the 1065 model is processed between 2022 Bottom and 2025 Peak, I think we will see a local peak in October. If the 365 days Model is processed, I think we will see a 2025 Peak in October and a 2026 October Bottom. I will be grateful if you appreciate...
CRYPTO:BTCUSD
by EtherNasyonaL
1
Bitcoin September 17th 20241. Price Action (Candlesticks): Current Price: The price is hovering around $60,141.67, as indicated by the highlighted value. Recent Trend: The candlesticks suggest that Bitcoin has been in a sideways trend for the past few weeks. The price seems to be bouncing between support at around $52,500 and resistance at $66,000. Downward Correction: After hitting the recent high around $66,000, a correction seems to have taken place, as indicated by multiple bearish candles. However, Bitcoin hasn't broken down into lower support levels, suggesting a consolidation phase. 2. Moving Averages (MAs): White Line: The white line appears to be a long-term moving average (likely a 200-week moving average), which is far above the current price. This implies that Bitcoin's price is still significantly below its all-time highs and could indicate a potential upward target if a bullish trend resumes. Yellow Line: The yellow line could be a shorter moving average (possibly 50-week), which is closer to the current price and appears to be acting as resistance in recent weeks. Interaction with MAs: The current price is struggling to stay above the shorter MA (yellow), which suggests that Bitcoin may face more selling pressure if it fails to hold support above it. 3. Indicators: MACD/RSI at the Bottom: The red and green indicator at the bottom seems to be either an RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence). The red shaded area indicates a bearish trend, while the green shows a bullish trend. Since the red is dominant and the indicator is trending downward, this points to a period of bearish momentum. The RSI, if that's what the indicator represents, looks to be below the midpoint (around 50), suggesting that Bitcoin is not in overbought territory, but also not deeply oversold. It signals weak momentum in the recent period. 4. Support and Resistance: Support: There is solid support around the $52,500 level, as seen in previous price action where Bitcoin bounced several times. Resistance: The $66,000 level seems to be a significant resistance, as price has failed to close above it in recent weeks. Breakout/Breakdown Potential: If the price breaks below $52,500, we could see a deeper correction, potentially testing lower support levels (around $40,000 or even lower). Conversely, if it breaks above $66,000 with strong volume, Bitcoin could head toward $74,000 or beyond. 5. Volume: The volume data is not visible in this screenshot, but low volume during this consolidation phase would indicate indecision or a lack of strong buying interest, while increasing volume on upward moves would signal potential breakouts. 6. Longer-Term Outlook: The long-term moving average (white line) remains above the current price, indicating that Bitcoin's overall long-term trend is still upward, even though there's short- to medium-term bearish pressure. If Bitcoin can hold the $60,000 range and break the $66,000 resistance, it could retest the highs and continue its uptrend. However, failing to do so might signal a longer consolidation period or even a deeper correction. Summary: Bitcoin is in a consolidation phase after a recent correction, with key support at $52,500 and resistance at $66,000. Momentum indicators suggest the trend is currently weak and slightly bearish. A breakout above $66,000 could lead to a continuation of the uptrend, while a breakdown below $52,500 would signal further bearish action. This chart presents a critical moment for Bitcoin, where the market is waiting for a decisive move in either direction.
INDEX:BTCUSD
by ILL_Midas
SasanSeifi|A Quick Overview of Bitcoin’s MovementHey there, ✌In this analysis, we’re taking a broad look at Bitcoin's trend. As observed on the 20-day chart, Bitcoin rallied from the $16,000 range, leading to a price increase that saw it reach an all-time high (ATH) of $73,700. However, after failing to hold and close above $70,000, the price entered a consolidation phase and eventually corrected to fill the gap near $49,800. Currently, candles are closing above the critical $54,100 liquidity level, with Bitcoin now trading around $60,000. The market remains in a ranging phase. Historically, we’ve seen Bitcoin make significant moves around November each year, and as we approach the end of 2024, it's possible we could see a similar trend, whether upwards or downwards. It’s also worth noting that we have upcoming elections, which could impact the cryptocurrency market. Based on this, the scenarios we can consider are as follows: Bitcoin is likely to remain in this range or experience corrections down to the $46,600–$46,000 targets by year-end. However, a breakout and consolidation above $70,000 could pave the way for a further upward trend, with targets in the $77,700–$80,000 and $85,000 ranges. This is a long-term view, and to confirm a bullish trend, we need to see price stability above $70,000. If the price corrects to the aforementioned support zones, it will be crucial to observe how it reacts for a better understanding of the next moves. Stay tuned for updates, and don’t forget to like and follow for the latest analysis. I’d love to hear your thoughts in the comments!✌🙌 ❌This analysis is my personal viewpoint and not financial advice.
BITSTAMP:BTCUSDLong
by SasanSeifi
I am ALL IN BITCOIN BTCUSDTSignal: Green on 1st Ribbon for the second time Green on Background Ribbons High Probability to see New High of all time, so I have invested all of available fund - I am ALL IN. As expected on my last post - 1ST signal, #BTCUSDT has done the 1st wave, now the 2nd signal appears. DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions and be responsible for your own investing and trading Activities.
Long
by go8686
2