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Bitcoin (BTC) technical and fundamental analysisAfter an unsuccessful attempt to break trend line and the resistance block 27500, the price of Bitcoin began to drop, following the stock market. This happened on the wave of negativity from the speech of Fed Chair Jerome Powell. Thus, the BTC price broke through the lower boundary of the parallel price channel and the dynamic support line EMA50 4H. In case of consolidation below it, we expect a return to the level of the value zone control point (POC). An extended bullish divergence has formed on the daily logarithmic chart. This strengthens the scenario with a retest of the crossover of the 200-day and 200-week moving averages before further drop. But, to return to the local upward trend, the price needs to breakdown the resistance level of 27500 and consolidate above the downward trend line. More generally, the price of BTC made breakdown of a bearish wedge pattern, and we still haven't had a normal correction of all the gains since the beginning of this year. The targets of this correction can be 0.5-0.78 Fibonacci levels. There is a zone of Imbalance 1W with huge gaps at the horizontal levels of trading volumes that need to be filled. The next areas of interest for buyers are the range of 22000-23000 and the most important psychological level 20000. At these zones we will search pivot points formations to open long positions. The fear and greed index continues to be in the fear zone - 30. The total capitalization of the cryptocurrency market fell to $1017 billion, and the Bitcoin dominance index rose to 50.0. According to the analysis of the accumulation of large order blocks in exchanges order books, the supply and demand zones are located at the following levels: 🟢 Demand zone: 20000 - 25000 🔴 Supply zone: 30000 - 32000 📊 Fundamental analysis Bitcoin (BTC) balances on leading cryptocurrency exchanges such as Coinbase, Binance and Kraken are near a six-year low. At first glance, a decrease in bitcoins held on exchanges is a bullish signal and indicates a strengthening market and expectations of rising prices. However, given the current regulatory landscape, traders and investors may opt for decentralized storage amid growing uncertainty. Cryptocurrency exchange Binance was the main reason for the industry's 48% drop in trading volumes in September. According to analysts, the seven-day average bitcoin (BTC) spot trading volume on the platform has fallen 57% since the beginning of the month. The US Federal Reserve, as expected, left the interest rate at the same level: 5.50%. For the Fed, the goal of reducing inflation remains the same - 2%; it is inclined to maintain the current monetary policy. Another rate increase is possible if necessary. Expectations for a Fed rate cut have been pushed back from the 2nd quarter all the way to the 4th quarter of 2024. This regulatory policy puts pressure on the stock market, followed by the cryptocurrency market. 🌐 Upcoming macroeconomic events We expect increased volatility in the stock and cryptocurrency markets by the following dates: ➤ 28.09 15:30 - US GDP (QoQ) (Q2). ➤ 03.10 17:00 - US JOLTs Job Openings (Aug). ➤ 01.10 21:00 - Fed Interest Rate Decision.
by TradeINEX
2
Bollinger Band Battle for BTC Confuses on Future Price DirectionI wanted to draw your attention to an intriguing phenomenon in the world of cryptocurrency trading that has been causing some confusion among investors. Specifically, the ongoing battle of Bollinger Bands for Bitcoin (BTC) has left many uncertain about the future price direction. For those unfamiliar with Bollinger Bands, they are a technical analysis tool that provides insights into market volatility and potential price breakouts. Typically, when the upper and lower bands tighten, it indicates a period of consolidation, suggesting that a significant price movement may be on the horizon. However, in the case of BTC, the Bollinger Bands have been sending mixed signals, making it challenging to predict the cryptocurrency's next move. While some analysts argue that the tightening Bollinger Bands suggest an imminent breakout, others believe that the current market conditions call for caution. This disparity in opinions has resulted in a state of uncertainty among traders, as they grapple with the decision of whether to buy, sell, or hold their BTC positions. In light of this confusion, we would like to encourage you to consider pausing your BTC trading activities temporarily. By taking a step back and observing the market dynamics from a neutral standpoint, you can avoid making hasty decisions based on conflicting signals. Instead, it may be prudent to closely monitor the situation and wait for a clearer indication of BTC's future price direction. As we navigate the ever-evolving landscape of cryptocurrency trading, it is essential to remember that patience and a well-informed approach are key. By staying informed about the latest market developments and seeking insights from reliable sources, you can make more informed decisions that align with your investment goals. In conclusion, the ongoing Bollinger Band battle for BTC has left investors perplexed about its future price direction. We recommend exercising caution and pausing BTC trading temporarily to gain a better understanding of the market's next move. As always, staying informed and seeking professional advice are crucial components of successful investing. Should you have any questions or require further assistance, please do not hesitate to comment away. We are here to support you in navigating the cryptocurrency landscape. I wish you continued success in your investment endeavors.
by bryandowningqln
Examining the two positions of Bitcoin. The probability of falliBitcoin broke its resistance, but it has not been stabilized yet, and there is still a possibility of price reversal, because the negative divergence is visible in this digital currency, so entry is risky for long. Considering that we still don't have stabilization of the drop, entering the short position is also risky. In both cases, we checked the entry to this currency. And we know more probability with falling. We don't talk randomly and also we don't say buts and ifs. Because an analyst must give his final opinion and admit his mistakes And we all know that no one is always right. Follow us friends
Short
by karaco2022
BTC another drop or growth is coming ?BTC / USDT Welcome all for my new BTC analysis, After a long boring period of low volatility price made a big move yesterday with more than 800M liquidation ‼️ ,so lets jump to the analysis, The Price dropped hard after losing the bullish dotted trendline to finally reach the weekly demand directly and also the moving average so this is strong support ✳️ What next ? After a few consolidations We see upcoming bullish wave (or a bounce)That can visit 30k again The invalidation: losing 24k ❌ ✳️ Summary: 1- saving 24k => 30k 2- Losing 24k => another drop and closest target is 20k or even lower Don’t forget to like this idea and follow for more analysis/ signals, Have a good day
Long
by Babenski
48
Bitcoin's Continued Fall Below SMA 200Introduction: In recent days, Bitcoin has experienced a significant decline, with its current value dipping below the Simple Moving Average (SMA) 200. This alarming trend has raised concerns among traders and investors alike. As a cautious trader, it is crucial to objectively analyze the situation and consider the potential risks before making investment decisions. This article aims to shed light on the current state of Bitcoin and provide a call to action urging individuals to exercise restraint when considering investing in this volatile cryptocurrency. Understanding Bitcoin's Decline: Bitcoin's fall below the SMA 200 signifies a bearish sentiment in the market. The SMA 200, a widely recognized technical indicator, represents the average price of Bitcoin over the past 200 days. When the price falls below this moving average, it suggests a potential shift in the overall market sentiment toward a downward trend. This development should not be taken lightly, as it may indicate further price depreciation in the coming weeks or months. The Volatility of Bitcoin: Bitcoin has always been known for its extreme volatility, with frequent sharp price fluctuations. While this volatility can present lucrative opportunities for some traders, it carries significant risks. The current decline below SMA 200 highlights the need for caution, as it suggests a potential trend reversal that could lead to further losses. Traders must weigh the potential rewards against the inherent risks before making investment decisions. Call-to-Action: Hold Off on Investing in Bitcoin: Given the current state of Bitcoin and its fall below the SMA 200, it is prudent for traders to exercise caution and hold off on investing in this cryptocurrency. Here are a few reasons why: 1. Market Uncertainty: The recent decline below SMA 200 indicates a shift in market sentiment, making it challenging to predict Bitcoin's future performance. Waiting for more stable market conditions before considering any investment is essential. 2. Risk Management: Bitcoin's volatility demands a proactive risk management approach. Holding off on investing allows you to assess the market's response to this decline, identify potential support levels, and determine a suitable entry point with reduced risk. 3. Diversification: Instead of solely focusing on Bitcoin, consider diversifying your investment portfolio across various asset classes. This strategy can help mitigate risks associated with any single investment, including cryptocurrencies. Conclusion: As a cautious trader, evaluating the risks and rewards associated with Bitcoin's current decline below SMA 200 is crucial. The volatility and uncertainty surrounding this cryptocurrency make it prudent to hold off on investing until the market stabilizes. By exercising restraint and considering alternative investment options, you can better protect your capital and make informed decisions in the ever-evolving world of cryptocurrency. Remember, patience and careful analysis are essential when navigating the complex and unpredictable nature of Bitcoin and other cryptocurrencies.
BITSTAMP:BTCUSDShort
by bryandowningqln
Buy Bitcoin when RSI>50 and Ascending Triangles Form! I wanted to reach out today with an exciting opportunity to gain traction in the market. It's time to consider longing for Bitcoin when the Relative Strength Index (RSI) surpasses 50, and ascending triangles start forming. Why is this important, you may ask? Well, let me break it down for you in simple terms. When the RSI crosses the 50 thresholds, it indicates that Bitcoin's price is gaining momentum and entering a bullish phase. This can be an excellent entry point for traders looking to take advantage of potential price increases. But that's not all! When ascending triangles begin to form, it suggests a period of consolidation before a potential breakout to the upside. This pattern often signals a bullish continuation, making it an ideal time to consider going long on Bitcoin. I know what you're thinking: "How can I take advantage of this opportunity?" Well, fear not, my fellow trader! Here's a simple call to action for you: 1. Conduct thorough technical analysis: Pay close attention to Bitcoin's price movements, RSI, and the formation of ascending triangles. This will help you identify the optimal entry point for your long position. 2. Set your buy order: Once you've determined the right moment, set your buy order at a suitable level. Remember to consider your risk tolerance and set appropriate stop-loss and take-profit levels. 3. Monitor the market: Closely on Bitcoin's price action and any significant developments. This will allow you to make informed decisions and adjust your strategy accordingly. 4. Stay updated: Continuously educate yourself about the latest trends and indicators in the cryptocurrency market. This will help you refine your trading skills and stay ahead of the curve. Remember, trading can be exciting and rewarding, especially when you seize opportunities like these. So, why not consider longing Bitcoin when the RSI exceeds 50 and ascending triangles start forming? I hope this information is valuable and contributes to your trading success. If you have any questions or need further assistance, please comment below. Let's make the most of this exciting opportunity together!
BITSTAMP:BTCUSDLong
by bryandowningqln
Bitcoin Trading Alert - BTC below MA 50 and RSI at 50As an avid participant in the cryptocurrency market, I wanted to bring your attention to a recent development in the Bitcoin (BTC) market that requires caution and careful consideration. This idea aims to inform you about the current state of BTC, which has fallen below its 50-day Moving Average (MA) and is accompanied by a Relative Strength Index (RSI) of 50. In recent trading sessions, Bitcoin has experienced a decline that has pushed its price below the crucial MA 50 level. The MA 50 is widely regarded as a significant indicator of market sentiment and trend direction, as it reflects the average price of an asset over the past 50 days. This breach below the MA 50 suggests a potential shift in the market sentiment towards a bearish outlook. Furthermore, the RSI, a technical indicator used to measure the strength and speed of price movements, is currently hovering at the 50 level. An RSI of 50 indicates a neutral position where the buying and selling pressures are relatively balanced. However, when combined with BTC's status below the MA 50, it reinforces the need for caution and careful evaluation of market conditions. Given these circumstances, I encourage you to exercise prudence and hold off on any Bitcoin market orders until further clarity emerges. It is crucial to thoroughly analyze the market dynamics, consider additional indicators, and monitor the price action before making any trading decisions. Remember, patience and a well-informed approach are essential to successful trading. As the cryptocurrency market is known for its volatility and unpredictability, it is essential to remain vigilant and adapt to changing market conditions. We can mitigate potential risks and make more informed trading decisions by staying informed and exercising caution. This is a cautious advisory and does not constitute financial advice. It is always recommended to consult with a qualified financial advisor or conduct thorough research before making investment decisions.
BITSTAMP:BTCUSD
by bryandowningqln
Breaking News: BTC Less Volatile Than S&P 500 and GoldBrace yourselves, my friends, because Bitcoin (BTC) has done the unthinkable – it's now less volatile than the mighty S&P 500 and the shiny gold! Yes, you read that right. The once-infamous wild child of the financial world has tamed its rebellious nature and emerged as a stable force to be reckoned with. It's time to challenge your preconceived notions about BTC and consider it a viable asset for those who value stability. You might be wondering, "How on earth did this happen?" Well, let me enlighten you. Recent market data has revealed that BTC's volatility has dropped significantly, outshining the traditional stalwarts like the S&P 500 and gold. It's like witnessing a cosmic shift in the trading universe! I know what you're thinking: "Why should I care about this? How does it affect me?" Well, my dear traders, this revelation opens up a new world of possibilities for your investment strategies. If volatility is a concern that keeps you up at night, BTC has just become your knight in shining armor. So, here's my call to action for you: Take a moment to reconsider your portfolio and give BTC a well-deserved spot. By diversifying with Bitcoin, you not only embrace the future of finance but also gain exposure to an asset that has proven its resilience and maturity. Think about it. In a world where the markets can be as unpredictable as a rollercoaster ride, having an asset shed its notorious volatility is like discovering a hidden oasis in the desert. It's a chance to navigate the tumultuous waves of the financial world with newfound confidence. Don't let your fear of volatility hold you back from exploring the potential of BTC. Embrace the unexpected, challenge the status quo, and join the ranks of visionary traders setting sail toward a more stable and prosperous future. Remember, the winds of change are blowing, and BTC is leading the charge. Seize the opportunity, my friends, and let Bitcoin be your guiding star in this ever-evolving trading universe.
BITSTAMP:BTCUSD
by bryandowningqln
Bitcoin's Remarkably Tight Range Bound Since July 24 As a trader, you are likely aware that Bitcoin's price fluctuations have historically been a source of great excitement and profit potential. However, the current market conditions have led to a lack of significant movement, which may leave some traders uncertain or even frustrated. While it is essential to acknowledge and adapt to the prevailing market dynamics, exploring potential future scenarios and their implications for your trading strategies is equally important. Considering the tight range bound, it would be interesting to hear your perspective on Bitcoin's future trajectory. Do you believe this stagnant phase will persist, or are you anticipating a breakout shortly? Sharing your insights and discussing with fellow traders can provide valuable perspectives and help navigate the market more effectively. I encourage you to take a moment to reflect on your trading approach during this period of limited volatility. Are there alternative investment opportunities you are exploring or strategies you are considering to adapt to the current market conditions? Sharing your thoughts and experiences can contribute to a more comprehensive understanding of the situation and potentially uncover new possibilities. Feel free to respond to comments and contact fellow community traders to exchange ideas and opinions. Together, we can navigate the market's twists and turns while adapting our strategies to optimize our trading outcomes.
Long
by bryandowningqln
The last option on the table for BitcoinMany people see Bitcoin as falling, but has it really fallen in higher times or has it reached the bottom of the channel? In the daily time, as you can see, Bitcoin has formed a corner pattern, which is exactly what happened in the previous two months, and we saw a 23% growth for Bitcoin. If this happens again, we will see this growth again from the bottom of the channel to the midline of the channel. That means the price will be 36 thousand. We have determined an important support range
by karaco2022
BTC MA 200 crossed over MA 50 so Wait for CrossI wanted to bring your attention to a significant development in the BTC market. On July 23, we witnessed the Moving Average (MA) 200 crossing over the MA 20, indicating a potential shift in market momentum. While this may seem exciting, I urge you to exercise caution and consider waiting for a new buying cross before entering the market. Experienced traders understand the importance of staying informed and making well-informed decisions. Technical indicators like moving averages provide valuable insights into market trends and can help us identify potential buying or selling opportunities. The MA 200 crossing over the MA 50 is often considered a significant event, suggesting a possible shift from a bearish to a bullish trend. However, it is crucial to approach such situations with a level-headed mindset and consider the broader market context. Given the current market volatility and uncertainties, it is advisable to wait for a new buying cross before considering a classic BTC market entry. While the MA 200 crossing over the MA 50 may indicate a positive shift, waiting for confirmation and additional signals supporting a sustained upward trend is essential. Rushing into the market without proper verification could expose us to unnecessary risks. In light of this, I encourage you to closely monitor the market and monitor the price action following the MA 200 crossing. Exercise patience and wait for a new buying cross to occur, providing more vital indications of a potential upward trend. We can minimize risks and make more informed trading decisions by waiting for confirmation. Remember, successful trading requires a cautious approach and the ability to analyze market conditions objectively. While the MA 200 crossing over the MA 50 may generate excitement, remaining patient and waiting for a more reliable buying cross is crucial. Doing so can enhance our chances of entering the market at a favorable point and achieving better trading outcomes.
CRYPTOCAP:BTCShort
by bryandowningqln