Get started

Btctrend

BTC/USDT Binance BINANCE:BTCUSDT Binance 4H hollow candlesticks After the price breakout, we saw an all-time high (ATH) at $31000. The beginning of the Support area, results from the extension of the upper point of the first Fibonacci retracement, combined with the extension of the golden ratio of the second Fibonacci retracement. It seems that an uptrend parallel channel has been formed. Conclusion: The price is expected to fluctuate, within the uptrend parallel channel and the Support & Resistance areas. Bitcoin Price (BTC) = $30.460,23 -0.84% = 14.47 ETH -0.67% Market Cap: 278.166.387.330 24h Vol: $47.878.436.872 Dominance: BTC: 46.1% ETH: 19.8% Good Luck #CryptoHellas Team
by CryptoHellas
Symmetrical triangle in BTCUSD with bullish biasH4 chart of BTCUSD making symmetrical triangle which means it can go in either direction however, there is bullish bias as there was Bullish divergence at the last LLs and the last LL was broken and new HH was printed at the level of 30150. So now 2 levels are important to determine direction of market if the last HL (27350) is broken trend will go bearish and if the last HH (30160) is broken then trend will go bullish. Most probably, market will go in up direction after breaking 30150 level so we should plan our buy stop entry at the break of 30150 and sell entry at the break of 27350.
BINANCE:BTCUSDLong
by Khuramejaz61
BTC - Are we in a Bull Market?Hi guys. Welcome to my Macro TA analysis on Bitcoin and the bull case. I like to use different tools to see if i can find patterns that things clear, especially for long term/ macro trends. Since it is becoming more likely that we are in the beginning stages of a bull market atleast for bitcoin. Its now necessary to keep an eye and find confluences. What i have on my charts today are: 2 moving averages Blue line = 50 month moving average Yellow line = 21 month moving average 2 indicators 1. Wave trend oscillator 2. ADX and DI These 2 indicators i like because they help establish direction of trend by marking overbought or oversold areas. Gives somewhat of a picture on momentum as well NOw lets first look at our moving averages the Blue and Yellow lines. Just looking at the placement of the candles in relation to the lines. Anytime we are above the yellow, we are in a bull market Anytime we interact with the blue, its marked a solid BUY opportunity. But taking a focus on the yellow line, as to stay on topic with our title. The green circles highlight everytime we've interacted with the yellow line coming from the blue line. Very important to highlight this, as we are CURRENTLY in the process of interacting with yellow line. We are also going to close APrils monthly candle, so how we react to the yellow line is key to knowing if we are indeed in a bull market. OUr previous data points (2 in #), which is not many. Indicates that it takes 1 candle to hover right below yellow line, BUT the next monthly candle breaks through the yellow line. So perhaps MAY we do get above yellow line. Remember, however that this does not mean its definite. It is not a definite or sure thing we repeat history. Its more about probabilities. But one way to use this in trading, would be to see what we do in May and June, and if their is a confirmation candle during Junes close. That can be an opportunity to get in for the entire duration of bull market. Now lets look at the 2 indicators. 1. Wave Oscillator -> Normally i use this in a way to determine buys and sells. And i would buy if the green line goes to the lower horizontal dotted green/ lined green combo at the bottom. And sell when the green line gets over the red horizontal line. But what im using this now for is how it moves or reacts when we get to yellow line. What i came up with is, mainly looking for curvatures and placement of green line with red dots. From previous 2 green circles, green line has to be on top of the red dots and the green line should be curved upwards. Currently we have both of those happening and we are at a lower low compared to previous times we repeated this. This is a great thing but there is a slight danger. Since this indicator is creating a lower low and price action is creating higher low as indicated by the white trend lines. This is a bearish divergence. We need to be watchful of this. If this plays out, we can see drop in price. Probability of this playing out for now is low as well. 2. ADX & DI - For this we have to note the white boxes drawn. These atleast the previous one, indicates a bear market. Ive highlighted the 2015 area because it is similar to how we are acting on ADX DI currently. One thing to note and in this chart goes against the bull case or has not yet confirmed yet. Is that the white line or moving average, needs to be curved/ pointed UPWARDS to indicate a bull case. And we must keep an eye on this as well. Currently we are showing a bull cross of green line being over the red line which is a good sign so far. If in the next couple months, the white line does curve UPWARDS. That would make this inddicator supportive of the bull case, in my opinion. CONCLUSION: AS per this analysis on the MOnthly time frame. We are still not yet in a CONFIRMED bull market. However, the current interactions with the yellow moving average, the upward curve of the Wave Trend Oscillator and its green line being on top of red dots indicate we are perhas 1 to 2 months away frm confirming. We have to keep observing the ADX and its white line particularly. If it curves up, this will support the bull case. One danger is the bearish divergence on wave oscillator. But remember confluence is more support of divergences, meaning if multiple indicators 3+ are showing it, it may be MORE likely. So it is something to search for. (be on the look out for an analysis lo0king for divergence). All in all, we could be in the beginning stage of a BULL MARKET, and next 2 or so months will be crucial for BITCOIN, how it interacts with yellow line if above or if pushed lower, if ADX white line curves up and if wave trend oscillator cointunues its upward trajectory towards red zone. Hope this sheds some light on Bitcoin. If you enjoyed this, please boost, follow and if you have any thoughts of your own COMMENT. I'd like to know what you think. Also ill be posting updates not only for crypto but other markets as well. DISCLAIMER: This is not financial advise, i am not a financial advisor. The conent expressed here are my opinion only and for educational purpose. Always remember to focus on risk management when trading and to protect yourself with stop losses.
BITSTAMP:BTCUSD
by SafofAllTrades
Banking Crisis Pushes UpBitcoin Prices!Bitcoin's latest rally was fueled by First Republic Bank (NYSE:FRC) earnings report and federal seizure rumors! In addition, for a long time after the advent of Bitcoin, it is generally believed that it is actually an important tool to hedge against inflation. After many back and forth, this view was tested in 2022. At that time, in order to deal with inflation, the Federal Reserve began the fastest and largest interest rate hike cycle in 40 years, which also helped the price of Bitcoin to rise all the way, all the way up To the current price of around 30,000. Bitcoin Gains From U.S. Banking Crisis From 2020 to 2022, the Federal Reserve's M2 money supply increased by 39%, and all crypto assets are beneficiaries - a historic surge in liquidity has inflated both stocks and cryptocurrency market capitalization, the latter in November 2021 Approaching the 3trillion market capitalization milestone. At that time, the price of Bitcoin reached an all-time high of $67,500. However, Bitcoin has since gone downhill as the Federal Reserve began cutting money to fight inflation. During the transition from QE to QT, the dollar strengthened, and Bitcoin prices weakened with it. And when the Federal Reserve further punctured the cryptocurrency bubble, the situation continued to deteriorate, including Terra and Celsius, to 3AC and FTX. Now, as the holiday cycle draws to a close and the Federal Reserve begins to shake up more vulnerable commercial banks, Bitcoin is picking up steam again. It’s important to note that of the three banks, the collapse of Silvergate was the only one that put negative pressure on the price of Bitcoin. Judging from this incident, Bitcoin is not as a hedge against inflation as initially speculated. More precisely, and now more clearly, Bitcoin is primarily a hedge against currency debasement. More broadly, it is a hedge against the greater instability central banks create through fractional reserve requirements. Under a fractional reserve system, banks hold only a fraction of customer deposits—a stark contrast to the whole concept of Bitcoin, which provides a finite supply of money with a decentralized self-stock that cannot be increased at will. On the bright side, recession is the nemesis of inflation, and the Federal Reserve will enter a cycle of interest rate cuts at this time to stimulate the economy. And in this case, Bitcoin can only benefit. It is bullish on this possibility that Geoff Kendrick, head of digital at Standard Chartered Bank, said on Monday that by the end of 2024, the price of Bitcoin may reach an all-time high of $100,000.
CRYPTO:BTCUSDLong
by Orca_Jimme
DXY Dropping... Crypto Rally To Continue?On this DXY chart or 'map' I've outlined where the corresponding Bitcoin and crypto price movements should go with the DXY rising or falling. Weakness in the dollar, and the specter of losing it as the world reserve currency, and more countries joining the BRICS nations, the DXY is under heavy pressure. In this graph we can see that the BRICS GDP has now surpassed the G7 GDP, and we can see that there is a clear change in trend. i.redd.it (Not my chart) Based on this, a continuation of the DXY falling here should correspond with a rally in BTC, ETH, and crypto as a whole. A break of the DXY below 100, and we're into the 'Crypto Super Pump Rally Zone' and I see Bitcoin shooting up to the FWB:48K - HKEX:52 Golden Pocket retracement zone. What do you think?? :)
INDEX:DXYLong
by BrettFogle
Predicting Bitcoin tops and bottoms using halving dates.I thought I will share with you what I found out. Apparently by measuring time from the halving you can more or less guess the bitcoin tops and bottoms and/or correction or dead cat bounce to safely sell what you got. This is not going to show you perfectly where to sell and where to buy but it is not for that, this is to help long term traders when to scale in and scale out of the market, regardless of the price. It can be hard, as you know everyone at the top screams for higher targets and at the bottom for lower. I hope this will help you out. And feel free to do a different measure of your own, Just put halving dates and start from there. Thanks!
BNC:BLXLong
by Pro2Drive
1
BTC/USDTThe current trend is upward, but we have three situations ahead of us 1- Orange channel: because it has hit the of top the channel, it is likely to correct and continue to the bottom of the channel, which can move to the range of 27k and then to 32.5k, which according to the head and shoulder pattern in RSI, this movement can be considered probable. 2- It can break the top of the channel and move towards higher targets (if it breaks the resistance of 32.5k, it can go up to 34.5k or if it cannot break the resistance of 32.5k and correct it) 3- It can descend from here and break the bottom of the channel and move towards 20k. But in case of decline, it will definitely be supported by ma100. And a very important point: At the moment, the dominance of Bitcoin has reached the top of its channel, if it goes down, it is in favor of altcoins, if it goes up, it is against them. My prediction is that Dominance will rise and Bitcoin will range so that altcoins will not suffer too much, in which case we will see an alt season similar to 2020 in the future after Dominance falls from the upper limits.
by mohsenomidy
BTC/USDT BinanceBTC/USDT Binance 4H hollow candlesticks After a +30% gains, a consolidation movement follows. It seems that an asymmetrical triangle has been formed. The rule says, that since the price entered from the bottom of the triangle, the breakout will be occurred upwards. The extension of the golden ratio of the Fibonacci retracement, indicates the main support area and the corresponding resistance level as well. It's only a matter of time before the price breaks HKEX:30 ,000, thus continuing the next Bull Run. Bitcoin (BTC) = HKEX:28 ,443.78 +1.81% = 15.23 ETH +0.96% Market Cap: HKEX:1 ,191,552,450,944 24h Vol: HKEX:29 ,279,433,343 Dominance: BTC: 46.2% ETH: 18.9% Good Luck #CryptoHellas Team
by CryptoHellas