MY IDEA FOR BITCOIN(BTC) UP TO ....., READ THE CAPTIONBitcoin has surged to impressive heights, marking a remarkable 26-month high as it soared to $53,360, a gain of over 4.6% within just 24 hours. Analysts are buzzing with excitement, with some like Ali Martinez pointing out the significant activity among Bitcoin whales. 🐋 These major players in the crypto market seem to be going parabolic, indicating a bullish sentiment and fueling speculation about a potential rally towards $60,500. It's a testament to the growing interest and confidence in Bitcoin as it continues to make strides in the financial landscape. 📈🚀
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BITCOIN range then hit 53k 🚀💣Hello 🐋
Considering the chart
and my previous analysis, the price has hit the target. 👌💪
I anticipate
the formation of a new parallel channel in this timeframe, marked by a range of candlesticks both to the downside and upside.📚✔️
Our main goal
is to achieve additional gains, ideally reaching at least 51k to 53k. 🚀
📖💡 Feel free to express your perspective by commenting below. Thanks! 🐋
ADAUSDT,🟢Is it bullish or bearish?!🟢 (Details on caption)
Well, as you can see the price started the retracement and hit the bullish order block that formed at the 0.705 Fibonacci level.
Now if the price stabilizes above 0.536, we can expect the price to fill the FVG, but if the price is rejected from the bearish order block (0.5227-0.5367) we can expect the price reach to the previous low at 0.4477 and then 0.4110.
💡Wait for the update!
🗓️04/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
BITCOIN: Pullback before another rally?Hi Traders!
The trend is bullish on the main time frames, but today we will only follow intraday chart (Log Scale). That said, from a technical perspective, CRYPTOCAP:BTC is forming a 12345 bullish impulse structure, and we are currently in wave 3. If our analysis is correct, Bitcoin could trigger a corrective structure (ABC or ABCDE Pattern) in short term before developing another rally. On 1H chart we showed the support area and the potential amplitude of wave 5.
OUR LONG TERM ANALYSIS
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BITCOIN 49k is coming 🚀💣Hello 🐋
Considering the chart
high volume, the breakout of the resistance zone to the upside and these shape of candlesticks 👌💪
I anticipate
upside gains, with a primary target of at least 47k to 49k📈🤞
and
I see many stop loss hunting and shadow candles too be carful and watch your stop loss 🧨💣
📖💡 Feel free to express your perspective by commenting below. Thanks! 🐋
BITCOIN Bullish UpdateBITCOIN
price made a bullish move from $42,800 and is currently close to resistance area around $47K, so after a bullish move as well as price close to resistance, I expect the price to do a little correction before resuming bullish trend, And if bullish pressure is to high price might continue its bullish trend without correction.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BTC Drop loadingI wasn't expecting the price to rise so much, but doesn't matter. As we has seen lot of times, it's squeezing some shorts. And as always, the higher the squeeze, the deeper the drop. I don't think it will broke above previous high (but i can be wrong), but what is sure is that is going to drop soon. It's clearly a bull trap, and it can go up a bit more before dropping. 41k is my main target, and invalidation will be clean break above 49k. Most important, don't long now.
BTC: Bracing for a Correction, Eyes on Key Fibonacci ZoneHey everyone! 👋 Today, we're diving into BTC's latest moves. I've spotted some intriguing signals that suggest a correction might be on the horizon. Let's break it down.
First up, BTC has hit a significant daily order block (OB), which is often a precursor to a shift in price direction. For those who've been tracking, this OB has been a critical area to watch. Now, here's where it gets more interesting: BTC recently grabbed liquidity from a major monthly liquidity (LQ) level. This kind of liquidity grab is a classic move before a potential reversal.
So, where do we expect BTC to head? I'm eyeing the 0.7 to 0.79 Fibonacci retracement zone. This area is not just a random pick; it aligns with the most recent monthly OB. Plus, it coincides with the psychological level of $30,000, a number that traders and investors alike pay close attention to.
Why this zone? Well, the 0.7 to 0.79 Fib levels are often where prices find a strong reaction, either for a bounce-back or further decline. It's like a battleground where bulls and bears pause and think about their next move.
What makes this scenario more compelling is the combination of these technical elements: the daily OB hit, the liquidity grab, and the alignment with a strong Fibonacci zone. It's like a confluence of factors coming together.
But remember, folks, trading involves risks and uncertainties. This analysis is based on current market observations and past patterns. Markets can always surprise us, so it's crucial to stay informed and flexible.
In summary, keep a close eye on BTC as it approaches the 0.7-0.79 Fibonacci zone around $30,000. This could be a pivotal moment, offering insightful clues about its next major move.
Trade smart! 👍
Disclaimer: This is not financial advice. The content is for educational and informational purposes only and does not constitute trading or investment advice. Always do your own research and consult with a financial advisor before making any investment decisions.
BITCOIN below Asc. trendline, bearish move expectedBITCOIN
price broke below Ascending trendline, currently price is in a correction mode, after the correction I expect the price to move lower.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITCOIN showing short term bearish signs.....BTCUSD
price got rejected from the descending trendline and resistance area, If price stays below the support, we can expect the price to move lower towards support area..
In case, price breaks and close above the blue zone, price will be bullish..
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITCOIN bearish update...BITCOIN
price has show rejection from the trendline, If price continues to stay below 43200, I expect the price to move lower.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITCOIN : Bullish breakout of Wedge, $43500 possibleBITCOIN
price made a bullish breakout of the Wedge pattern, price to move higher towards next resistance area.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Beautiful Elliott Wave structure playing out...Beautiful Elliott Wave structure playing out... EOS.IO is a blockchain protocol based on the cryptocurrency EOS. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. It was developed by the private company Block.one and launched in 2017. The platform was later released as open-source software. #mana
Bitcoin 2024: A Comprehensive Analysis of Potential Investment..Bitcoin 2024: A Comprehensive Analysis of Potential Investment Opportunities
In the ever-evolving landscape of financial investments, the emergence of cryptocurrency, particularly Bitcoin, has become a focal point for serious consideration. Despite its current valuation hovering around $42,400, a more nuanced examination reveals compelling factors that position Bitcoin favorably for potential gains in 2024.
Navigating Regulatory Approval:
In a significant development on January 10, 2024, the Securities and Exchange Commission (SEC) granted approval for the Bitcoin Future ETF. This regulatory endorsement introduces standardized contracts, providing investors with a structured vehicle to engage with the cryptocurrency market through Exchange-Traded Funds (ETFs).
Adapting to Market Volatility:
Against the backdrop of an election year, historically associated with heightened market volatility, astute investors are compelled to adopt a diversified approach. The prevailing uncertainty surrounding candidates and their policy proposals often triggers notable fluctuations in specific sectors. Cryptocurrency, notably Bitcoin, emerges as a compelling option, particularly when certain sectors, such as technology, exhibit signs of overvaluation.
Bitcoin's Strategic Catalysts:
The SEC's approval of cryptocurrency ETFs marks a crucial validation for the digital asset class, potentially initiating a bullish trend. Additionally, the impending Bitcoin halving, a recurring event where miners' rewards are halved, historically induces heightened buying activity, surpassing previous price highs. The convergence of election-induced market dynamics, regulatory advancements, and the upcoming Bitcoin halving presents a strategic outlook for cryptocurrency in 2024.
Strategic Investment Considerations:
With the potential for Bitcoin to breach six-figure valuation, notwithstanding its notable surge in 2023, a prudent consideration for investors involves assessing its current standing. The SEC's validation, coupled with election-induced market dynamics and the impending halving event, positions Bitcoin as a noteworthy asset class for those willing to navigate a degree of speculation.
Our Idea
Long positions Above $38000 Area with targets at 45000 & 50000 in extension.
BITCOIN rejected strongly from weekly resistance, more downBTCUSD
price has shown strong rejection from the resistance area , currently price is in a correction mode, after reaching the resistance area(shown in the map), if price shows rejection, we can expect the price to move lower the nearest support area around $41,000 and if price breaks below the the support price may continue lower towards $37,500 area.
Weekly chart
Weekly close shows strong bearish sign, price made a shooting star on weekly chart, after a correction, price may head lower.
Daily Chart
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BTC short 15MI think we can consider a scalp to the downside for Bitcoin at this point
BITSTAMP:BTCUSD
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This is not a recommendation to buy or sell or to invest, it is only placed to increase your information.
Investing in the financial markets requires sufficient training and high-risk acceptance.
Bitcoin is 38000 $ !!! It seems that the next destination of Bitcoin is 38000 $
It's just a feeling!
BITSTAMP:BTCUSD
**************
This is not a recommendation to buy or sell or to invest, it is only placed to increase your information.
Investing in the financial markets requires sufficient training and high-risk acceptance.
Will Bitcoin bullish?Bitcoin is in an ascending channel in the 4-hour time frame, now at the bottom. It seems that according to the volume it has collected from the bottom of the channel and according to the fundamental news, we can imagine a bullish view of it.
**************
This is not a recommendation to buy or sell or to invest, it is only placed to increase your information.
Investing in the financial markets requires sufficient training and high-risk acceptance.
BTC Preparing for the Correction before Halving?Currently, BTC broke the internal (4H) uptrend market structure. 📉
Higher Timeframe (1D) Low not broke yet which is around 40k. (Which remaining uptrend) 📈
But internal market structure broken, and now it could try to retest the 50-60% fib level with the huge Fair Value Gap (FVG) as a confluence.
BTC also now in multiple trend line support, so we can aspect the upside movement attest the confluence FVG level. (Black Marked Zone)
BITCOIN TO GO SHORTBitcoin just broke through the inflection point towards the value area and has reacted with the value area. This could mean that there is a very high possibility of Bitcoin going short for the next months. This means that 2024 could overall be a "short" year for BTC.
So what could this mean for investors concerning Bitcoin ?,
Firstly it means that if price presents opportunities to buy , we could expect short asset holding periods on Bitcoin.
Secondly, this first quarter will be the best time to sell of BTC assets as the prices for selling Bitcoin for the year may currently be at its highest value.
Thirdly, the 4th quarter of the year might be the best time to buy BTC at low and good prices for holdings.
I provide personal BTC investment advices, so if you will want more insights and information on when to buy, hold and sell your Bitcoin assets, kindly DM me here on trading view and i will reach out .
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