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Bitcoin and altcoin overview(August 06-07)We are moving according to our scenario for Bitcoin . We have re-entered the zone of extreme volumes $52,000-$50,000 and received a reaction. Currently, we are slightly above the upper similar zone, but there has not been a full consolidation yet, so at the moment, we can expect a return to lower levels. With full consolidation above, the first target will be $60,000. Priority remains with longs. Buying zones below: $52,000-$50,000, $48,000-$47,000 (pushing volumes), $44,000-$41,600 (accumulated volumes). Closest selling zones: $60,000-$62,000 (accumulated volumes), $64,000-$65,200 (mirror volume zone). Interesting altcoins As Bitcoin dominance increased during the dip, the situations for altcoins are very similar. For the MEW coin, the confirmed buying zone is $0,00425-$0,004. We expect a reaction from it and join the longs. The identical situation for STMX , considering the long zone $0,00557-$0,00545.
by Crypto_robotics
Phemex Analysis #12: BTC Rebounds Strongly, What's Next?PHEMEX:BTCUSDT.P declined sharply yesterday to $48,814, then rebounded strongly to $56,234 (at the time of writing). This is a positive bullish sign, indicating strong underlying confidence in BTC and the potential for continued bullish momentum. Let's break down potential BTC price scenarios for this week: 1. Continued Bullish Run: While unlikely given the recent sharp decline, a continued price increase is possible but likely unsustainable. After a significant drop, a consolidation phase is more common to accumulate buying power for a sustained upward trend. 2. Second 1-Day Low: The price may drop again, forming a second 1-day bottom around $50,000. This could be a higher low or a lower low with a higher RSI. This potential dip could present a buying opportunity. 3. Consolidation: The price might consolidate around the $55,000 level before determining the next direction. In this case, wait for a clear breakout with high volume before going long or short. This analysis provides a potential outlook for Bitcoin's price movement. However, it is essential to conduct thorough research and consider multiple factors before making trading decisions. Note: Pulse is offering $500 PULSE to all new Phemex users. Sign up for Pulse quickly!
by Phemex
Alt Coin Holders are about to become RICH! ALT SEASONBitcoin dominance is topping out and is ready to shed dominance across the market! Expect a hard drop! If the bottom of the wedge is broken then we can expect a major alt cycle! I hope you're READY because alt coins are where the BIG MONEY will be made! Use non-kyc exchange TradeOgre, here is my list of coins to accumulate now! GHOST DAG Coins / $:CAS $:NXL $:SDR $:NTL $:HTN / Tickers are not on trading view All coins across the market will rally together when the dominance melts! My eyes are set on projects that utilize Ghost DAG, Similar to $KASPA
CRYPTOCAP:BTC.DLong
by IIISevens
8
BTC CME 2 Day Points of interest $49K low coming?!?I have back tested this and there are 4 downward points of interest, all the wat down to 32K!! Don't think 32 will happen , but never retested. The white circles are where I have buys in, I do think that the low will be a kiss down to the circle between the 6.18 and the 7.86, the previous high before this run has never been tested either. when the market runs up fast and high then its has a long way down for a retest, otheise the yop will come too early look at 200 & 50 MA also
CME:BTC1!Short
by Chefrusty
2
Ethereum's Revival A Prime Opportunity for a Strong Rebound Analyzing the current market conditions for ETH/USDT, there are several technical indicators suggesting that Ethereum might be poised for a significant upward movement from its current price of $2,444. The recent sharp decline in price has brought Ethereum to a crucial support level, which has historically acted as a strong foundation for upward reversals. Firstly, the Relative Strength Index (RSI) has dropped below the 30 level due to the recent sell-off, indicating that Ethereum is currently in oversold territory. This suggests that the selling pressure may have been overextended, providing a potential opportunity for buyers to enter the market and capitalize on the discounted price. The Moving Average Convergence Divergence (MACD) is also starting to show signs of a bullish crossover. The MACD line is approaching the signal line from below, which often precedes a bullish trend reversal. This potential crossover, coupled with the oversold RSI, strengthens the case for a price rebound. Additionally, the Bollinger Bands have expanded significantly during the recent price drop, reflecting increased volatility. However, the price has begun to stabilize around the lower band, suggesting that the downward momentum is waning and a reversal could be on the horizon. Furthermore, the trading volume has spiked dramatically during the sell-off, indicating heightened market interest and participation. Historically, high volume during price declines can precede reversals as it suggests that new buyers are stepping in to absorb the selling pressure. The Fibonacci retracement levels also align with this analysis, as the price is currently hovering around the 61.8% retracement level from the previous rally. This level is often considered a strong support area where price reversals are likely to occur. From a fundamental perspective, Ethereum continues to see strong network activity and development progress, further supporting the potential for a rebound. The recent pullback may have been driven by broader market sentiment rather than any Ethereum-specific issues, providing an attractive entry point for long-term investors. Given these factors, it seems like an opportune moment to consider buying ETH/USDT in anticipation of a medium-term price increase. The combination of oversold conditions, technical support levels, and strong fundamental backing suggests that Ethereum is well-positioned to recover from its recent dip and potentially target new highs in the coming weeks and months.
Long
by SafeCryptoSignals
Bitcoin: Potential 2025 targetsHere you can see the similarities between the last three halving cycles and compare them to the current fourth one. The blue zones represent when the price has broken the 0.382 fib after a bear market roughly one year before the halving. The price never broke the 0.786 fib before the halving, so I don’t expect the price to go above $50,000 until at least few months after the halving in 2024. The green zones represent the time from the halving to the peak. The price reached the 1.618 fib in each of the previous cycles (and got a massive rejection). This cycle the 1.618 fib is at $174,000. The orange zones represent blow-off tops. In the first two cycles the price kept going all the way to the 2.272 fib. In the last cycle it didn’t happen (but it was still a very bullish phase). This cycle the 2.272 fib is at $462,000. I have copied the price action of the last three cycles and adjusted them to the current fib levels to get a visualization of what we can expect after the next halving. I don’t know what will happen before the next halving, but I expect the price to range between $20,000 and $50,000. Main target for 2025 is just under $200,000. And maybe we’ll see $420,690 just for the meme.
INDEX:BTCUSDLong
by Fahrrr
2
Bitcoin phase programmed? Take a look at the chart above. I am keeping this fully transparent: I am not a perma bear, nor am I a perma bull or moon boi. I am just analyzing what I see. If I am right, that would mean that we have bottomed for the time being and the next phase of Bitcoin is preparing. I inverted the chart to make the TA make sense to me because the right side up was just too confusing apart from the red line that I drew based on the run-up at the beginning of the year. (Which still held) We tested that red line support and retested it for the double bottom. Even if we triple bottom here it would also be a triple top inverted which is why this chart is upside down to showcase the bullish movement still works if we look at it this. Happy Trading and stay safe out there.
BITSTAMP:BTCUSDLong
by RetiredNovice
1
ETH Respects The Trend, But For How Long?This is my first slightly longer post about the crypto market in some time. Despite being an ETH post, I get more into the market as a whole in this post. Here, I will do a little analysis on the above ETH chart, but primarily I will speak about fundamentals, my accuracies and my inaccuracies, and why I continue to observe the market. Ethereum was my biggest winner in the previous bull market. After buying between $100-200 in 2018-2019, I sold near $3000 at the end of 2021. Since then, I didn't "buy the dip" or return to investing in the cryptocurrency market. Sure, my opinion on things has limited my ability to see the "forest through the trees," so to speak. So far, I've missed out on at least tripling my money again on ETH, when I could have bought close to $1000 if I had been bullish on it long term. Despite the ETF approval for Bitcoin, and despite a looming ETF approval for Ethereum, I am longer term bearish on these assets. This is due to a simple question, the answer to which has not changed: If Bitcoin and other cryptocurrencies ceased to exist, would the world be impacted significantly? With the introduction of these ETF's, the answer to this question may change from "not at all" to "a little bit," but even then, the people who would be impacted are asset holders and managers who are generally making small bets on crypto. The bigger concern is that some brazen investors will follow Michael Saylor's suit and create unnecessary risk by buying assets that have very few real-world application. If this snowballs into an even bigger bubble, I do worry about the impact on the broader financial system. As for crypto's effect on the economy: Money goes into crypto and it stays there. All those billions that have been invested in Bitcoin ETF's could go somewhere else and have a positive ripple effect on the economy and people's lives. Instead, it's stagnant money, and it only has value because people continue to buy it. The primary reason why I'm longer term bearish on these assets is because I believe eventually demand will be unable to keep up, and prices will stagnate, ultimately fading into a much longer bear market. This is particularly the case when broader markets fall into a more deflationary period, which I think will happen eventually (though as we know, this is very hard to predict). It is clear that I was wrong in speculating Bitcoin would not make a new all time high. It did, but I wonder how long it could really sustain a SIGNIFICANT higher high. I'm not talking about $70-75k. I'm talking about $100k+ prices. Back in 2022, I speculated that ETH would drop to the green zone in my chart. It came very close, but bottomed out between $800-1000, a major level from the 2017-2018 bull market. I did successfully anticipate much lower prices for Bitcoin and Ethereum than most were expecting at that time. I did not anticipate such an extended move up from those bottoms. It is important to note that in multiples, crypto is outpacing the stock market from bottom to recent top. However, stocks are making more significant new all time highs while crypto is not. Even Gold is booming, breaking significant highs. This is something I did anticipate a while ago. There is no indication that holding crypto ETF's will be better than holding stocks. But hey look, Microstrategy (MSTR) is almost at dotcom bubble peak levels. Back to ETH - if one is to take a big short position, it seems unwise to do so until the long term trendline is clearly broken. Here is the trendline zoomed in. You can see that price even broke down briefly, though continued to hug it for the most part while the decline did not accelerate further. For now, it continues to ride. There could easily be more spikes up, as mania begins to take hold. But I sincerely also wonder how much extra money retail has to drive prices up this time around. Data shows that spending has slowed down, while people have mostly burned through their pandemic savings. Where will the liquidity come from? Is this rally even being driven by enough liquidity to sustain these prices? There is also always money to be made on the short side. Let's not forget that a short ETH ETF already exists. We will eventually find out the answers to these questions. These are the primary reasons I continue to observe markets. I want to know more deeply what's going on. What are the broader cultural and economic shifts that occur under the surface, which cause major impacts on society as a whole? These mysteries keep me coming back. Crypto is still interesting to me in this respect because it has such a psychological impact on the investor. I know directly from experience. It promises big things and then barely delivers. Or, it will appear to be completely dead and then cause eyeballs to pop when it suddenly triples in value. Profiting from it in the last cycle required putting up with a long emotional rollercoaster. Is there a light at the end of the tunnel for the crypto investor? Is this, right now, the light at the end of the tunnel? If so, this is a pretty far cry from the original intentions of Bitcoin. It's all gone right back into the pockets of traditional financial institutions. And perhaps, it is this discrepancy that makes me think it's really a sheep in wolf's clothing, in effect something perfectly boring and ordinary disguised as something disruptive. It is possible that it it may have not turned out this way, but due to human collective decision-making, greed, and exploitation, here we are. Despite my more sporadic posts, I continue to observe and analyze. It is not necessarily about being right or wrong for me. Maybe when I was younger it was, but now it's more about the process. It is important to let go of the attachment to being right. Thank you for reading as always. And of course, this is meant for speculation and entertainment only, not financial advice.
COINBASE:ETHUSDShort
by VictorCobra
Bitcoin's Final Make Or Break MomentThis is my first post in some time. As I stated before, I'm largely moving on from crypto. I'm still here, paying attention to the market. I've also created a site for my fiction writing. Eventually, I may migrate some of these posts over there as representations of my non-fiction speculative market analysis. Anyway, on to the important stuff. Bitcoin did not succeed as a currency. Active addresses have still not seen any meaningful increase since 2017. The rate of growth for authentic currency adoption has slowed down along with price growth and expensiveness. studio.glassnode.com There are only about 1 million active addresses. Nevertheless, price continues to be resilient. Perhaps this is due to its limited supply and its pivot in narrative to a "store of value." Indeed, it has been a pretty lucrative store of value, though more volatile than the stock market and other commodities. This doesn't necessarily make it a "good" store of value. Regardless of what I think, the market will make its decision. Now is the time for that to happen. With ETFs supposedly on the horizon, we will get to see how much demand really exists for Bitcoin. I'm going to take this moment to speculate a bit. If it continues to go up, my guess is it will be because of the ETF hype, but volume amongst most spot exchanges will remain low. Bitcoin dominance would likely rise to levels not seen since 2019. If it results in a bubble, eventually people will come to their senses and there will be a pop. It will attract a lot of media and government attention, not all of it positive. If it drops from here, it will be like all the other times people had high hopes for Bitcoin. It will be like all the times Bitcoin was supposed to represent economic freedom. It will be like every single time Bitcoin made major news, only for everyone to talk about it just as it was about to crash. It will not come as any surprise. If the ETFs fail to sustain the market to new highs, then I think there is little other chance for this asset, at least in the near future, until some other narrative takes hold. The thing exists, and as long as it does, people will ascribe their hopes, dreams, and (in my case) disdain towards it. What would be a departure would be continued price appreciation and adoption. But, with a finite supply, there is of course a limit to how much people can buy. Then, what happens to it? We shouldn't forget the other side of this market (apart from the ETF hype and the coin accumulation that requires). Binance is still a thing. BNB is still a juggernaut. Tron is still a thing, and so is the big stablecoin cartel which likely revolves around both. But I'll spare you all my other thoughts on this subject. I just wanted to post a chart update, to show that I'm at least paying attention. As for technicals, my chart shows two options. If it continues to hold in this broadening wedge pattern, the next target could be $90k, or roughly 2x from here, surpassing the previous all time high. As much as my previous analysis will be wrong if that happens, it's a possibility. The other scenario shows what could happen on a breakdown, back below the broadening pattern. Here's the BLX chart, showing that Bitcoin has so far been rejected at a former long term trendline. This chart shows some more possibilities. Let's see if it can break back above. Zoomed out: Either way, prepare for volatility! As always, thank you so much for reading. This is not financial advice, but meant for speculation and entertainment only. -Victor Cobra
COINBASE:BTCUSDShort
by VictorCobra
105
An Interesting Trendline Rejection (BTC)I pulled up my old Bitstamp chart, which I used during the previous bull market and the 2018 bear market to make some speculations and estimations. One of the most concerning technical developments in the 2021-2022 bear market was that Bitcoin lost its long term trendline (lower orange line). Bitstamp is useful because it stretches all the way back to 2012. To get back above that trendline and resume a more aggressive rate of increase, it would need to explode above $200k within the next few weeks. That seems pretty unrealistic. What caught my eye was that Bitcoin's recent top perfectly touched a trendline I drew in 2022. It's not that this necessarily means anything, but I found it interesting and wanted to make a short post about it. If nothing else, this retest and rejection illustrates Bitcoin's slowing of momentum over time. I suppose it also serves as an important hurdle - I think if Bitcoin can break above it and retest it, that would be a huge sign of strength for bulls. Volume continues to decline overall, and active addresses have also started to disappear. A decline of this magnitude in active addresses is often seen at cycle peaks. But this time it's different - it almost appears to be plateauing, meaning there is a significant chance everything Bitcoin has peaked. To put it bluntly, Bitcoin has not seen a significant increase in "adoption" since 2017. This has generally been my stance since 2022. I drew a new line (blue) supporting price since the 2022 bottom, to show where price can reasonably fall from here and remain in an uptrend. The trendline support is currently around $45k. If that trendline breaks down, I think a retest of 2022 lows are in order, at least, if not the elusive $13.8k level (2019 high). That's it for now! Thanks for reading. Of course, this is meant for speculative purposes only and should not be taken as financial advice. -Victor Cobra
BITSTAMP:BTCUSDShort
by VictorCobra
Speculating On A Major Top (BTC)Volume aligns with a weekly top, and there is a bearish divergence brewing. Of course, it's possible that the large sell volume is only indicative of Bitcoin moving around during the ETF launch. So, that's important to consider when assuming price will drop heavily from here. I'm fundamentally bearish on Bitcoin, not because I don't think higher prices are out of the question. I'm bearish on it because I think it's a net negative. My stance is that only time will tell how long it takes for the market to make this realization. Obviously I've been wrong plenty of times, so this is not to be taken as fact, or as what will happen. This purely represents my opinion. My last bearish post on Bitcoin itself made its way to the front page here. Bitcoin did drop in the short term. Then, all the posts on the front page were bearish at $38-39k, which led me to believe the drop was over in the short term. My guess was that sentiment was too bearish to drop at that level, and a big bull trap would be required. My plan was to start shorting on the bounce. Now, most of the front page is bullish. I've averaged into a relatively low-risk short, just 1x, adding at FWB:42K , 45k, and now $49.5k. This is with the suspicion that buyers will peter out at this level. Open Interest is skyrocketing, and it is now higher than it was the first time around at $49k. In order to start a bearish trend, Bitcoin will need to start closing below the 9 week EMA (orange). Even the recent correction failed to close below that level on a weekly basis. So, technically speaking, Bitcoin is not in a bearish trend right now. I am merely speculating that it will be. On the opposite side of the trade, if I'm wrong, Bitcoin has the potential to head all the way to the top of that broadening pattern and hit $100k+, disrupting the halving pattern in an interesting way. Probably the safest bet is to not assume price will simply collapse tomorrow, because it's clearly proven resilient. But I'm here to make wild speculations, not to sound reasonable :) That's always part of the fun. Thanks for reading! This is clearly meant for speculative purposes, and not as financial advice.
COINBASE:BTCUSDShort
by VictorCobra
8
Mercury in Retrograde VS Bitcoin Btc price for 10 years🪐 The Mercury in Retrograde cycle has begun today and will last until 28/08/2024 What astrologers "recommend" to do during this period, and what not, as well as to believe in it or not, is an individual matter) But the coincidence of the night market drain with the beginning of this period is very conspiratorial!) Another interesting "coincidence": 🔴 4 cycles of Mercury Retrograde - correction continues 🟢 9 cycles of Mercury Retrograde - the growth trend continues The 5th cycle has started today. Well, here's a chart with OKX:BTCUSDT price and all the Mercury in Retrograde cycles 🪐 that have been and will be. Look for coincidences and write your thoughts in the comments
INDEX:BTCUSD
by P_S_trade
10
Is Bitcoin BTC and crypto scamming now or it's FUDHello, Skyrexians! This weekend was extremely fearful on the crypto market, even more, today is a true "black Monday" and not only crypto, but also traditional markets are crashing right now. The most commonly known crypto trading strategies gave false signals before the crash. Most of top crypto trading platforms and top crypto traders faces with the huge losses, algorithmic trading bots and other algorithmic crypto trading software led their users to losses and liquidation. Different automated trading bots, grid bot and other cryptocurrency trading also performed awful for most of a people. Only ai crypto trading bot allowed people not to lose. The really dark time came to the market, how to overcome all this FUD and be successful in crypto trading. We know that the most important is understanding on which market phase we are now. In today's article we will look at the different charts and time frames on BINANCE:BTCUSDT price chart and try to understand what is coming next. Monthly time frame shows it's almost done If you see our previous Bitcoin analysis you will find that GETTEX:49K was absolutely reachable. But the speed of this move really concerns us and we need to take a look at the global picture first of all. The sideways which started in March 2024 led to the first red column on Awesome Oscillator, and this is our first reminder that the bull market is not forever. This is the first sign of weakness. Momentum is gone, therefore we cannot wait for the bull run continuation to the insane numbers like $200k. Bull market is almost over! The bearish divergence and Elliott waves counting tells us that wave 5 of super cycle is done and we will enter the bear market which has never been before. Is it time to panic? We assume not! Last wave 5 shall also consists of 5 waves and we cannot see now the clear confirmation that this bull run is finished. It's weakening but will likely continue. Where it will be finished. The approximate projection for wave 5 shows us that BTC will likely reach $80k+, but not significantly higher. After that we will see the bear market with target at $35k.
by Skyrexio
3
BTC at a Crossroads: Will It Break Out or Break Down?Current Technical Overview: Support Levels: - Immediate Support: $56,000, which aligns with recent lows and a critical support trendline. Resistance Levels: - Primary Resistance: $65,000, near recent highs and an upper boundary of the descending channel. Moving Averages: - 200EMA: The 200-day EMA is acting as a crucial support level. Holding above this level is essential for maintaining a bullish outlook. Volume Analysis: - Decreasing Volume: Indicates a potential breakout or breakdown is imminent. Watch for a surge in volume to confirm the direction. Outlook: - Bullish Scenario: A breakout above the descending channel near $65,000 could lead to a significant rally, potentially targeting $75,000 and beyond. - Bearish Scenario: A breakdown below the 200EMA could see BTC retesting lower support levels around $52,000, $40,000, and $30,000. Conclusion: BTC is currently in a consolidation phase within a descending channel. The 200EMA is a critical support level to watch. A breakout above the channel could signal a continuation of the uptrend, while a breakdown could lead to a further decline. Traders should monitor price action and volume closely for the next significant move. I am in the camp of being a bit more bearish at this stage for COINBASE:BTCUSD
COINBASE:BTCUSDShort
by CryptoFallen
BTC/USD: Critical Breakdown and Bearish OutloookThe COINBASE:BTCUSD daily chart continues displaying a significant bearish sentiment. Key Technical Points: Support Levels: 1. Target 1: The price has reached the first target around $48,000. 2. Target 2: If the bearish momentum continues, the next support is around $36,000. Support Levels: - Immediate Resistance: Previous support at $52,000 is now acting as support. Moving Averages: - 200 EMA: The price has broken below the 200 EMA, a bearish signal indicating potential further declines. Bull Flag Potential: - Descending Channel failed: The price is within a descending channel, typically a continuation pattern. A breakout above the channel could signal a reversal to the upside, but currently, the trend remains bearish. Outlook: - Bearish Continuation: The break below the 200 EMA and reaching Target 1 support around $48,000 indicates a bearish continuation. The next potential target is $36,000, where significant support lies. Conclusion: BTC is currently bearish, breaking below crucial support levels and the 200 EMA. Watch for any signs of a breakout from the descending channel for a potential reversal, but the immediate outlook remains bearish with the next target at $36,000.
COINBASE:BTCUSDShort
by CryptoFallen
#BITCOINx.com Two weeks ago, when BULLISH sentiment was flooding everywhere, from major crypto online publishers to the biggest crypto YouTube influencers, I decided to send this message to their contact/editor email with a kindly ask, that I would like to present this outlook as a reasonable counter-view to their. PRO BONO. FREE OF CHARGE. From 15 of the major publishers, ONE of them replied with- No. EVERYONE else just ignored the message. TODAY, when BTC is 20% lower, you don't see them apologizing for their incompetency, they rather come up with excuses for WHY it happened, not thinking about damage they have done to all people who TRUSTED in THEM! So this message is for YOU - an ordinary general public person, who took an interest in crypto investing. DO NOT TRUST THOSE PEOPLE! THEY DON'T CARE ABOUT YOUR BEST INTEREST! ALL THEY CARE ABOUT IS MONEY THEY RECEIVE FROM THOSE VERY COMPANIES THEY PUBLISH FOR! If you want to be AHEAD of the GAME and NOT HOLD the Bag, CONTACT US in DM! #Bitcoin
BINANCE:BTCUSD
by cryptocapitaltrading
1