The nearby outlook for Bitcoin. Good! But not as good on Daily
This is the Daily and Weekly Charts for Bitcoin.
Both charts have price situated above their 200EMA's (sloping upwards) and this demonstrates a bullish uptrend, the EMA stack is also in correct order with 8EMA stacked on top.
The only thing contrary I found is a short-term Daily bearishness for Bitcoin depicted in the MACD. This simply means that price needs to find support around the 21 EMA, 34 EMA or 55EMA, support which you can see in recent history on the bitcoin chart.
Bitcoinusd
US Spot Bitcoin ETFs Reverse Inflow StreakMarket Update - October 25, 2024
US spot bitcoin ETFs saw $79 million in net outflows Tuesday, reversing a seven-day inflow streak that had brought in over $2.6 billion: The outflows came mainly from Ark and 21Shares' ARKB fund.
Bitcoin prices inched closer to $70,000 at the start of the week when futures open interest surged to over $40 billion: But prices subsequently pulled back mid-week as investors pared their gains.
Tether’s USDT has hit a record $120 billion market cap, which could set the stage for a bullish October finish in the crypto market: Historical trends suggest that a rise in stablecoin supply can precede rallies in bitcoin and ethereum.
Bitcoin's hashrate has reached a new peak of 703 EH/s, a 6% gain over the past week: This surge coincides with higher mining profitability as transaction fees rise and Bitcoin's price strengthens.
Binance exec leaves prison: Binance’s Tigran Gambaryan was released from Nigerian prison Wednesday so he can receive medical treatment for the numerous ailments he suffered while in captivity.
US Spot Bitcoin ETFs Record $79 Million in Outflows, Ending Seven-Day Inflow Streak
After a week-long run of positive net inflows, US spot bitcoin ETFs reported a shift back to the negative on Tuesday, with net outflows totaling $79.09 million. It was ARKB fund from Ark and 21Shares was responsible for the entirety of these outflows, losing nearly $135 million. Despite the overall outflows, some funds still recorded gains. BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, attracted just under $43 million, while Fidelity’s FBTC saw $8.85 million in inflows.
The recent outflows bring the cumulative net inflows for the 12 spot bitcoin ETFs down to $21.15 billion as of Tuesday. Trading activity also slowed, with the total daily volume for these ETFs declining to $1.4 billion from $1.76 billion the day before. This reversal comes after the ETFs saw more than $2.67 billion in net inflows over the past seven trading days, a figure similar to their peak inflow levels recorded in March this year.
Spot ether ETFs saw more positive activity, with net inflows of $11.94 million on Tuesday – all from BlackRock’s ETHA. Other ether ETFs recorded no change. Trading volume for ether ETFs also noticeably dropped to roughly $118 million on Tuesday, down from around $163 million the previous day.
🕸️ Topic of the Week: Web 3.0: The Next Evolution of the Internet
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BITCOIN TRADE ANALYSIS 70K TARGET!!Bitcoin Trade Analysis: October 21, 2024
Entry: $67,226 Target: $70,000 Stop Loss: $66,000
Analysis
1H Chart: The 1-hour chart shows a strong support level at $67,665, which has rejected price four times in the 15-minute timeframe1
This indicates a robust support level, making it a reliable target for your trade1
15M Chart: The 15-minute chart further confirms the strength of the $67,665 support level, with multiple rejections reinforcing its significance1
This level has acted as a solid barrier against downward price movements, making it an ideal target for your trade.
BITCOIN breakout of the main resistance to the upside Hello and greetings to all the crypto enthusiasts, ✌
The previous two analyses regarding Bitcoin have achieved their upward targets, and in this analysis, we will summarize Bitcoin's movement in the relevant time frame. 💣🚀
The price has broken through two previous resistance highs and is approaching one of its most significant resistance levels from the past few months. 📚✔
Given the new and high volume observed in the market, along with the technical chart, I believe there is a possibility of touching and breaking this resistance in this time frame. Before that, we might see a series of ranging or short-term downward candles. 🙌🙌
🧨🧨🧨🧨 Our team's main opinion is for further upward movement and breaking the several-month resistance, with the possibility of observing neutral and ranging candles shortly. Other scenarios are also visible on the chart with lighter arrows, and the price targets are marked with price labels. 🧨🧨🧨🧨
I’ve also summarized the key points at the bottom of the chart for your convenience. I hope you find this information helpful. ✌🎉
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Sell BTC/USDT Wedge BreakoutThe BTC/USDT pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge Pattern pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 67600, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 64756
2nd Support – 63264
Stop-Loss: To manage risk, place a stop-loss order above 69940. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Hellena | BITCOIN (4H): Long to 61.8% - 100% lvl 67,912.Dear colleagues, after last week's good forecast, I realized that the upward movement is not over yet.
The price is probably moving in wave “3” of higher order and wave “3” of lower order.
Therefore, I believe that the price will correct a bit and continue the upward movement to the 67.912 area. These are the levels of 61.8% - 100% Fibonacci extension.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Imagine new retrace to find out new $$ in next weekswe like to see market as simple as possible, take some profit if you buy in dip and wait enough to trend makes buy in the dip do not FOMO and also be carful about manipulation don't forget that market is moving because of manipulation specially for those retailers who save roughly and loss easily.
anyway I have lots of prediction and scenario for next weeks but my favorite one is to buy BTC lower again and can get profit during these waves in this clear channel.
BTC Diamond FormationMost everything is in the chart for now and anyone knows if BTC will push down 1 more time before a big rally or go up straight.
we can see that we could form a Diamond Figure (Pink) to 0.618fibo
i don't show indicators but i can say :
Monthly chart show clearly that we are still going down.
Weekly chart have indecision on indicators.
Daily chart have inverted indicators.
we have 3 clear resistances formed by EMAS to breakout :
EMA 50 ---- 7200
EMA 100 ---- 7600
EMA 200 ---- 8000
possibilities after breakout :
1. we could fly to 9000 (DIamond Finished + 0.618 FIBO )
2. we could fly to 8400
possibilities with Rejection :
3. we could retrace one more time to 3700 before a new push. ( Traditional Support )
My advice for now is to wait as spectator and wait for a dip or a breakout.
Happy Tr4Ding & Stay Safe !
BITCOIN Takes A Dump!As previously stated. Are Buy above the level $60,000 has led to the major resistance of $68,000-$69,000. I believe will will have a major rejection leading to a plummeting fall towards $65,000 and below $60,000. Any break through $59,000-$56,000 could lead to a triggering fall towards $48,000. If bitcoin reacts negatively with the $48,000 support, this could consequently put us at a liquidation area of around $42,000-$38,500
This is just a prediction, please be safe trading. Good luck!
DOGE - Watch These 3 BULLISH SIGNSDOGE has given us THREE very bullish indications:
- Successful W-Bottom Pattern in the Daily
- Higher lows
Doge is also one of few alts that has been gradually making HIGHER HIGHS. This shows that the buyers have been driving the price up constantly.
Furthermore, the daily price has reclaimed and CLOSED candles above the 200d moving averages; another strong bullish sign:
With the current momentum and buying pressure showing up, it seems likely that DOGE will smash right through the next resistance zone as pointed out. (That is, naturally, IF BTC remains stable over the weekend).
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BINANCE:DOGEUSDT
Mt. Gox Delays Repayment Deadline, Bitcoin RalliesMarket Update - October 18, 2024
Mt. Gox has delayed its bitcoin repayment deadline by a year: This delay is viewed as a greenshoot for bitcoin prices, with traders arguing it reduces selling pressure on the broader market. The price of bitcoin was just short of $67,000 by Thursday afternoon.
US spot bitcoin ETFs saw notable net inflows of more than $555 million on Monday, the highest since June: Spot ether ETFs also saw $17 million in inflows, continuing positive momentum for both investment vehicles.
Coinbase is pursuing partial summary judgment to obtain SEC documents about crypto regulation: The regulator has previously delayed in responding to a Freedom of Information request made by the exchange over the same issue.
US spot bitcoin ETFs saw $18.66 million in net outflows on Tuesday, led by Fidelity’s FBTC, which recorded $48.82 million in withdrawals: BlackRock’s IBIT was the only ETF to see inflows, with $39.57 million entering the fund.
Monochrome will introduce Australia's first spot ETH ETF on Tuesday, following on from the launch of its spot Bitcoin ETF in August: Notably, the Monochrome ether ETF will allow both cash and in-kind redemptions, which could garner interest from institutional investors.
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BITCOIN FRACTAL - 70K WILL BE A BRICK WALLHi,
I'm sharing this fractal with you guys because it's my birthday month so am sharing something i made long ago. CRYPTOCAP:BTC is very close to my heart because it held me to chase my dreams.
This fractal is clean with lot's of pain to the leverage participants because we are going to see some high volatile moves around 100k-120k. Anyone who has bought below 60k is going to rule this move. I have been long since 57k.
$70,000 once taken out it's going to be a brick wall.
7 months consolidation is not going to be a penny move. CRYPTOCAP:BTC
LET'S WAIT AND SEE!
bitcoin btc Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
“The Cyclical Nature of #Bitcoin - Charts Never Lie”#Bitcoin's four-year cycles have become the fundamental rhythm of the cryptocurrency market. These cycles begin with the halving event, which occurs every four years and significantly affects price movements. By halving mining rewards, supply shrinks and the market responds over time. After the halving, there are usually periods of rise, followed by correction and consolidation phases.
This cycle offers security based on CRYPTOCAP:BTC 's inherent limited supply model and serves as a stable guide for long-term investors. Although short-term volatilities can be daunting, #BTC 's past performance has shown the importance of cyclical movements and that, historically, the next uptrend is inevitable.
13% profit 30% in total, bitcoin might do a new higher high Recap: first off all congratulations to everyone who followed my signals, we are on our second trade the first one made more than 16% profit and the second since September 1st made more than 13% and still going strong
Since September 1st I've guided my followers through entry and exit points and thanks to my perfect entry the last panic sale didn't put us in the red even thought I've pleaded every trader to buy Bitcoin and that it will at least go above 65858$ and I've been trolled for saying that now the joke's on you
Bitcoin will continue it's uptred and might do a new higher high
Bitcoin Quest- History tends to repeat itself.
- The maximum could reach around 250k.
- The minimum could drop to about 40k.
- Remember, the longer it takes, the higher we could go.
- The graphic is straightforward as usual; just track "colors", "bubbles" and "trends."
- Keep in mind, while the future is uncertain, we can still speculate.
Happy Tr4Ding
BTC: Two Likely Scenarios I'm WatchingBitcoin hasn't yet been able to break out above the diagonal resistance that formed after the most recent high.
Until we're able to do a bump-and-run ABOVE this trendline, lower lows seem the most likely until we've found a zone with sufficient buying pressure to take us back upwards. Lower lows and lower highs mean short term bearish, unfortunately.
I discuss the reasoning for these two scenarios in a little more detail, here:
However, this doesn't imply that there won't be decent range trades / swing trades in this area - in fact, there's been incredible opportunities whilst Bitcoin chops around. Follow here to make sure you never miss a moment!
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BINANCE:BTCUSDT
Told you!!!!! Bitcoin is blowing up and it's just the beginning I've posted many times in the last week that bitcoin is showing amazing bull activity and that it's only a matter of time for it to blow up recovering all it's loss
It happened 8n the best scenario possible in just one day 3.67% profit and still more to go
Told you!!!!! Bitcoin is blowing up and it's just the beginning I've posted many times in the last week that bitcoin is showing amazing bull activity and that it's only a matter of time for it to blow up recovering all it's loss
It happened 8n the best scenario possible in just one day 3.67% profit and still more to go