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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
Traders bet big on US election with $345M in optionsMarket Update - August 22, 2024 Harris policy adviser talks digital assets: Speaking at a Bloomberg roundtable event, Kamala Harris policy adviser Brian Nelson said Harris will support policies to grow crypto and other emerging technologies. Spot bitcoin ETF holdings total $4.7 billion: Goldman Sachs and Morgan Stanley invested in BlackRock's iShares Bitcoin Trust, among other ETFs. Bitcoin crossed over $61,000 as volatility remains high: With the Federal Reserve's interest rate decision looming, traders are cautious about future price movements. Tether has launched its USDT stablecoin on the Aptos blockchain: The move comes as Tether’s main competitor, Circle, announced that USDC will soon have tap-to-pay functionality enabled. Traders have invested heavily in bitcoin options linked to the US election, with over $345 million in open interest: The majority of the interest is in call options, suggesting traders could be anticipating potential record highs in bitcoin. The SEC has rejected Cboe BZX’s filings for two proposed spot Solana ETFs, citing concerns about Solana's classification as a security: The decision has halted the approval process, with VanEck and others still vying to launch Solana ETFs. ▶️ Read more here ⛰️ Topic of the Week: What is Mt. Gox?
GEMINI:BTCUSD
by Gemini
BTC Short Term Swing Short into Bullmarket Long. (56k)In this video, I break down a strategic short-term swing trade that could be catalyzed by the upcoming speech from Federal Reserve Chair Jerome Powell. Such events are known to introduce significant market volatility, offering a prime setup for a potential trade. We'll analyze key levels that could signal a strong entry point, with a particular focus on a long trade that may pave the way for a broader bullish trend. This analysis aims to position us ahead of market movements, enabling us to capitalize on any emerging opportunities. Stay tuned as I detail how to approach this setup with precision. If you're looking to enhance your trading strategy and stay ahead of market shifts, this is a must-watch. Don't forget to follow this channel and enable notifications to stay updated on critical market insights and trading opportunities.
by SerenityEquity
2
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
Crucial levels for Bitcoin to watch The BTC price yet again tested the resistance at $60,000 and is trying very hard to sustain above the gains. The bullish probability has emerged with the expectation of reclaiming the upper targets, which may pave the way for the token to rise towards new highs. The price has been constantly failing to rise above the resistance since the start of the month. Moreover, it has displayed a couple of fakeouts in recent times which has raised concerns over the prevailing price action. Although the levels continue to hold above the triangle, a drop back within the pattern may validate another fakeout, which may drag the levels below the ascending support. This may signal another market crash as the exhaustion of the bulls may reach its peak, causing a more than 15% drop in Bitcoin (BTC) prices.
by paul_endeo
Bitcoin BTC price can repeat the growth fractal from 2020-21?The fall of stock markets and the crypto market on 📉"Red Monday" 05.08 was called the most painful since the beginning of the Covid-19 period in March 2020. Who we are to argue with "analysts and giants of financial thought"?) We have copied the fractal of OKX:BTCUSDT price behavior since March 2020 and applied it to the current situation. 😱 And it's a "magic", at now everything is very well relevant Then we "seasoned" the chart with the marks when the Fed rate could be cut, namely: 18.09, 08.11, and 18.12. and added a "little" fibo levels that can work well in the future, because they worked well in the past. And here's what we're getting: 1️⃣ for the next week, the price of #BTCUSD shouldn't fall below $52,000 2️⃣ growth acceleration after the first Fed rate cut. 3️⃣ 2025 should be greeted with the price of CRYPTOCAP:BTC around $77000 4️⃣ and by the end of 2025, it would be nice to see $154000 for CRYPTOCAP:BTC Write comments under the idea and put 🚀 to subscribe, and watching how it will work out. And the more reactions will be under this idea, the more interesting idea updates we will make ;)
by P_S_trade
10
Bitcoin’s Bullish Reversal: This Chart Pattern Can Send BTC HighHere's where I see Bitcoin going next. As the US elections and the FED rate cuts come closer, the macro conditions are getting ready for a Bitcoin breakout. Here's the explanation for the TA: Descending Channel: Bitcoin has been trading within a downward channel. However, there's potential for a bullish breakout if the price moves above the channel's upper resistance, which is around $65k. Key Support at GETTEX:52K -$53K: This level has provided strong support, preventing further declines. Rounded Bottom: The price action is forming a rounded bottom pattern, a bullish reversal signal, suggesting that the downtrend might be coming to an end. RSI Indicator: The RSI around 49.85 indicates a neutral momentum, but the upward movement suggests a possible shift towards a bullish trend. If Bitcoin breaks out of the descending channel and holds above $53K, it will trigger a significant upward move, and perhaps the start of a new bull run.
BITSTAMP:BTCUSDLong
by HenriqueCentieiro
BTCUSDT.4HReviewing the BTC/USDT chart on a 4-hour timeframe, it is evident that Bitcoin has encountered significant volatility with a recent downtrend in play. This analysis will focus on the current technical configurations and their potential implications. Key Observations: Price Movement: Bitcoin has been experiencing a series of lower highs and lower lows, a bearish signal within the observed timeframe. The current price is near a crucial resistance level (R1) at approximately $54,464.85. Resistance and Support Levels: Resistance Levels (R1 and R2): R1 is currently being tested. A break above this could lead to a test of R2 at $61,903.29. Support Levels (S1 and S2): S1 at $48,999.29 and S2 at around $44,000 offer critical cushions where buyers might step in if the price retraces further. MACD Indicator: The MACD line is below the signal line but is showing signs of convergence, suggesting a potential weakening in bearish momentum. However, it remains below zero, indicating that the bearish trend is not entirely reversed. RSI Indicator: The Relative Strength Index is hovering around 50, indicating a neutral position. This suggests that the market is neither oversold nor overbought, providing no strong momentum cues in either direction. Technical Analysis and Conclusion: The market is at a crossroads with Bitcoin testing the resistance at R1. A successful break above this level could indicate a short-term bullish reversal, potentially driving the price towards R2. However, the overall market structure still leans bearish given the recent trends. Traders should watch for either a confirmed breakout above R1, which could be seen as a buying opportunity towards R2, or a rejection at this level, which may lead to a pullback towards S1 or even S2. Trading Strategy: Bullish Scenario: If BTC breaks above R1 with significant volume, consider entering a long position with a target at R2. Set a stop-loss just below R1 to minimize potential losses from a false breakout. Bearish Scenario: Should BTC fail to sustain a break above R1 and shows signs of weakness, a short position could be considered, targeting S1. Placing a stop-loss just above R1 could be prudent to limit downside risk. In either case, it is essential to monitor market news and global economic indicators closely, as external factors can heavily influence Bitcoin's price movements. Adjust trading strategies dynamically to accommodate changes in market conditions.
Short
by MarsSignals
Using the iShares TIP Bond ETF to predict the S&P price reversalThe iShares TIP Bond ETF serves as an inflation-protected investment by adjusting its principal based on the Consumer Price Index (CPI). This makes it a valuable tool for macroeconomic analysis, as it provides insight into how inflation expectations are being priced into the market which gives early reversal signs when observing the MS on the weekly chart. As illustrated in the accompanying chart, when the ETF’s value (i.e., the inflation-adjusted principal) rises, the S&P 500 and Bitcoin often exhibit upward momentum, while the ETF’s yield typically declines. This inverse relationship occurs because the ETF becomes more appealing when riskier assets are expected to under perform, especially during periods of rising inflation. Investors should consider the ETF’s price adjustments in response to CPI data. For example, if CPI begins to decline and interest rates peak, the ETF may become less attractive, prompting investors to shift toward high-cap, risk-on assets in equities and potentially Bitcoin. It is also important to note that the price of this ETF can rise due to increased demand, regardless of inflation expectations. Therefore, a comprehensive, contextual understanding of market cycles is essential when evaluating its position in a broader investment strategy.
SP:SPXLong
by Ramiknfr
2
Bitcoin Update on the Top 10 Factors Leading to $150k - $250kIn this video, I'm updating a few of the factors we've been following for the past year, that could lead to a $150k - $250k or higher Bitcoin this bull-run. With some breaking news today, we're starting to see more of the dominoes fall in our favor. Namesly: 1. The Norweigan government just announced a "Norway Sovereign Wealth Fund’s Bitcoin Spree" of buying, which is very Bullish and should lead to increased country interest both as an investment and also inevetiably in making Bitcoin it's financial reserve asset. AKA - This is a Country FOMO Starter Kit. "Norway now indirectly owns 2,446 BTC through its investments in crypto stocks. That’s bullish news for Bitcoin. It paints an enticing picture of global sovereign support for the BTC price." 2. The BRICS nations now total 159 countries. What that means is a growing trend away from the Dollar (The DXY is crashing as of writing this and as I cover in the video). Less demand, equals more supply, and that can lead to hyperinflation (Unless the US moves toward a Bitcion Standard and as Trump recently stated, buys a large block of Bitcoin to add as a reserve asset). 3. Morgan Stanley recentl announced it's giving the 'Green Light' for it's army of financial advisors to start recommending Bitcoin to it's high-net worth clients. While they are starting out cautiously, this is clearly a trend that will continue and lead to other institutional FOMO. For these reasons and more, I've updated my 'Path to $150k -$250k Bitcoin Study' per the video. Would love to hear your toughts, and if I've missed anything at the macro level. I'm actively following a few newer theories related to massive liquidity about to hit the markets which should drive risk assets like Bitcoin higher as well. Cheers
COINBASE:BTCUSDLong
by BrettFogle
WILL HISTORY REPEAT ITSELF AGAIN? This is my map and guide when to buy bitcoin. The answer is NOW! The same pattern happened everytime before we saw a major pump. 1. PUMP from the lows of bull run all the way up to support and resistance on 1 MONTH time fram. 2. REJECTION OF SUPPORT AND RESISTANCE before halving. This rejection lead to smaller correction with drop of fear and greed index down below 20 = PERFECT OPPORTUNITY 3. BREAK ABOVE SUPPORT AND RESISTANCE 4. RETEST = CONFIRMATION currently I'm waiting for price break below 53.000$ to start buying more and more. There is also a possibility that we will see price falling lower to 36.000$ - 46.000$ area. I'm already buying crypto assets with lower amounts of capital but once we see the scenario mentioned above, this will be my signal to get in action. Imagine the fear if we fall and close below local low of 53.136$ . This could lead to extreme fear on the crypto market which could indicate the perfect buying opportunity. Take your time, look at the chart and you will see the same pattern happening over and over again. This is only my point of view and not financial advice. DYOR!
BITFINEX:BTCUSDLong
by Cognitiq
1
SYN/USDT Breaks Downtrend: Bulls Eye $0.95 Next Target !The daily chart for SYN/USDT shows a significant breakout from a descending trendline that has been in place for several months. The pair recently surged, breaking through key resistance levels and signaling a potential shift in market sentiment from bearish to bullish. Currently, the price is hovering around $0.6729, just above the critical support level of $0.6000. The recent breakout above the descending trendline is a strong bullish signal, suggesting that the downtrend has ended, and a new upward trend may be starting. The next major resistance lies at $0.9500. If the bullish momentum continues and the price closes above $0.6000, we could see a strong push towards $0.9500, a key psychological level. Traders should watch for any retests of the $0.6000 support zone, as a successful hold above this level could confirm the breakout and further solidify the bullish outlook. However, failure to maintain this level could see a retracement back towards $0.4043.
Long
by TopGBanks
Possible short tern reversal at playCurrent Setup: - Bullish Flag and Descending Broadening Triangle: Bitcoin is in a consolidation phase, with a bullish flag potentially forming within a larger descending broadening triangle. Bullish Scenario: - If Bitcoin breaks out above the current consolidation (around $60,000), the bullish targets could be $64,945 (8.17% move) and potentially up to $69,884 (Fibonacci extension). Bearish Scenario: - Failure to break out could see Bitcoin retesting lower support levels at $57,000 or even $55,000. Bitcoin's next move will likely be determined by how it behaves around the $60,000 resistance. A breakout could push it towards $65,000-$70,000, while a rejection could lead to a pullback.
COINBASE:BTCUSDLong
by CryptoFallen
Possible short tern reversal at playCurrent Setup: - Bullish Flag and Descending Broadening Triangle: Bitcoin is in a consolidation phase, with a bullish flag potentially forming within a larger descending broadening triangle. Bullish Scenario: - If Bitcoin breaks out above the current consolidation (around $60,000), the bullish targets could be $64,945 (8.17% move) and potentially up to $69,884 (Fibonacci extension). Bearish Scenario: - Failure to break out could see Bitcoin retesting lower support levels at $57,000 or even $55,000. Bitcoin's next move will likely be determined by how it behaves around the $60,000 resistance. A breakout could push it towards $65,000-$70,000, while a rejection could lead to a pullback.
COINBASE:BTCUSDLong
by CryptoFallen
Bitcoin Versus Gold - who wins ?#Bitcoin is the Hands down winner. - there is simply no question about it. And any trader will recognise this pattern on the weekly BITCOIN / GOLD chart It is a bullish Cup and Handle The % Gains Bitcoin has had over the last 18 months put Gold rise to its new ATH into shame. And that is clearly seen by the chart above. HOWEVER, Bitcoin by its very nature, pulls back and one way of preserving your gains is to sell out to GOLD and NOT A $ Stable coin. The $ is loosing value. Leave it alone. You can use PAXG, a "Crypto Gold ", pegged to the price of gold like a $ stable coin. PAXGUSDT and PAXGBTC are on Binance for instance. You can also seel Directly to Gold on BotFinex sbhould you wish Enjoy
by Orriginal
$BTC Bitcoin's Broadening Wedge...CRYPTOCAP:BTC price action is printing a broadening Wedge! After Bitcoin hit a low of around the 48.9k region after it massively rejected the 60.5k area! Current price: 59,350 if price action is able to reclaim and close above the prime area of 60.5k then expect #btc to journey back to 72k. Also Expect #altcoin Explosion when this happens. Up Resistances from current Price: 60.5k, 62.4k, 64.3k, 67k, 69.8k, 71.5k Else bitcoin will continue to reject 60.5k and retest supports: 57.5k, 54.5k, 52.2k However this is a more optimistic call than pessimistic as market emotion is in extreme fear!
BYBIT:BTCUSD.PLong
by Ifiok-2sydes