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BITCOIN to continue higher after retest of the support area....BTCUSD The price made a bullish break of the Bullish triangle pattern, after the break price is currently heading to retest the resistance turn support area around $35K area, after reaching support if price continues to hold above the support, I expect the price to continue higher.. 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.
BITSTAMP:BTCUSDLong
by Stargazer_fx
7
BITCOIN again rising upwards, if resistance breaks then $40KBTCUSD The price is firmly holding above the ascending trendline, and price is also above the support area around $36,500, and price again started rising upwards if the resistance around $38,000 breaks strongly then after correction/pullback price may attempt to hit $40,000 as the next target... 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.
BITSTAMP:BTCUSDLong
by Stargazer_fx
10
BITCOIN consolidating after a big move,More bullish from SupportBTCUSD The price made a bullish break above the Resistance area around $35,000, and price is currently trading near 37K level, price may consolidate above the support area then continue its bullish move upwards. 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.
Long
by Stargazer_fx
27
BITCOIN to continue Bullish move after correctionBTCUSD The price made a strong bullish break above the Daily Resistance area around $30,000-31,000, and price is currently above support/resistance structure, after a correction towards the previous resistance turned support area if price holds above the support I expect the price to move higher... 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.
BITSTAMP:BTCUSDLong
by Stargazer_fx
58
BITCOIN to continue higher, next Target $40,000BTCUSD The price made a bullish break above the Resistance area around $35,000, and price is currently trading near 37K level, If the bullish pressure is high price might continue higher from here towards $40K level, or price may consolidate above the support area then continue higher. 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.
BITSTAMP:BTCUSDLong
by Stargazer_fx
21
BITCOIN forming bullish triangle, bullish break to lead higherBTCUSD The price made a strong bullish break above the Daily Resistance area around $30,000-31,000, and price is currently above support/resistance structure, the safest choice would be to wait for the price to make a correction towards the previous resistance turned support area and if price holds above the support area look for long setups. But if the bullish pressure is too high, price might continue to move higher after a bullish breakout of the current narrowing structure (Triangle) without making a deep correction of the daily support around $31-30,000. So, my advice would be to wait for the price to make a bullish breakout of the triangle before adding long or to wait for the price to make a deep correction of towards the daily support mentioned above and then look for long opportunities. 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.
BITSTAMP:BTCUSDLong
by Stargazer_fx
9
Bitcoin - Short-Term Bullish Analysis/ExpectationThis expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF - ETC
BITSTAMP:BTCUSDLong
by SmartMoneySource
BITCOIN : Bullish & Bearish Scenario... what to do??BTCUSD Bullish Scenario : Price is currently moving in a narrowing structure, and the short term resistance area is around $ 35,000 . If price manages to break above the short-term resistance area and continues to holds above the support I expect the price to move higher... Bearish Scenario : $35,000 price range is acting as a short-term resistance area and is stopping the price to move higher and price is also moving in a narrowing structure, if price manages to break below the structure and stays below the $35,000 short-term resistance area, price may start 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.
by Stargazer_fx
1
Bitcoin – is this the time to chase the breakout?Bitcoin has come alive and after a period of sleepy conditions, we’ve seen the price break out of the defined trading range it held since March, with the biggest high-low trading range we’ve seen since June 2022. Our high price has been 34,742, the best level seen since May 2022, where the breakout has taken the rally that started on 11 Sept to 40% and 110% YTD. Client activity has naturally increased, with almost 3 in 4 open positions now being held long and looking for a push to higher levels. The market has further increased the probability that a spot ETF gets formal regulatory approval – this view was given a boost with Blackrock sourcing a CUSIP and listing their spot ETF on the settlement and clearing platform DTCC - clearly a sign of sky-high confidence of an imminent approval. Liquidations pushing price towards $35,000 The news set off a wave of buying, which took price through the range highs of FWB:31K – importantly, this in turn saw shorts being liquidated across the crypto exchanges, with close to $350m being liquidated over the past 24 hours. We can see this short squeeze in the price action, with price falling from 34,742 to 32,510 in a short period. We are seeing a period of consolidation and tight ranges (per bar) as the market catches its breath and asks what’s next. The attractions of a spot ETF A spot ETF is clearly a positive for the adoption story, and as many have opined. A spot ETF offers advisors and other market participants a regulated crypto vehicle to put to clients. This should help with their primary objective of boosting returns through increasing diversification in a broad portfolio and reducing variance. It should also promote a migration of capital from BTC futures ETFs to the spot ETF, which should then flow through to buying in the underlying Bitcoin. This migration would be a function of the BTC futures curve and how the futures ETF faces the drag of negative carry when front month futures expire and rolls to the next contract. The spot ETF will outperform a futures ETF on that basis, so it’s not just the regulatory environment that makes a spot ETF more compelling. Will traders chase the rally? The question is whether the move can kick up further, or at least establish a new trading range. There is every reason to feel the market has largely discounted a positive decision on a spot ETF. However, as we’ve seen over the years there are few markets that promote FOMO and traders chasing than Bitcoin and that could drive price towards $35k and beyond. The counter to that argument is we see a failed break and a reversal back below FWB:31K – This reaction could be a very powerful statement and give renewed confidence to the short sellers. As we assess the probability of both scenarios, to me it feels like the more likely scenario is the former breakout levels ( FWB:31K ) hold, and traders build on the move. However, trading is less about prophesying and more about reacting to movement and managing the risks around that. For now, this break has some dreaming of the sort of explosive action we saw in 2020 and 2021 - but this time around it seems Bitcoin is less about being Wild West, and this once bad boy of finance is changing its ways and cleaning up its act.
PEPPERSTONE:BTCUSDLong
by Pepperstone
Bitcoin, $30k before $10kthe 3month bitcoin chart shows that bearish volume has increased in the last quarter only for price to be held suggesting a momentary pause at the middle of the range with some upside inbound. my guess is that bitcoin will now push up to the .32/.5 fibo retrace (most likely spike beyond at the range high) before the rally fails and we head to the range lows to complete the final corrective wave down to the monthly demand zone of 2021s bullrun (where the 50ma/ema lurks for ultimate support).
BNC:BLXLong
by TBTS
Bitcoin trader – Is a sleepy market about to get lively Since breaking the Feb highs in mid-March we’ve seen BTCUSD tracking a well-defined range of $31,000 to $28,500, with the former breakout high acting as strong support on multiple occasions. These levels also marry up well with the upper and lower Bollinger band, if we use the 200-day moving average as the mean of the bands. These levels are significant and until we see tangible news that truly alters sentiment, then traders will likely look to fade rallies into FWB:31K and flip to long positions into the lower bounds of the range. That strategy will be dictated by the news flow at the time and the rate of change in price as we approach these levels – could it be that this time is different, and we see better-trending conditions on the higher timeframes? With range trading conditions we often get lower volatility and that’s exactly what we’ve seen. Where since April Bitcoin’s 20-day realised volatility has failed to break 50% - a level that between 2019 to 2021 was the average level of volatility over that period. In fact, in mid-September, 20-day volatility fell to a lowly 10%, with the 10-day average high-low trading range falling to just 430 points – hardly the conditions that will compel CFD traders, especially when other markets have been moving more aggressively. Importantly, conditions have since evolved, and we currently see the Bitcoin price making higher highs within that defined range, and volatility has risen to a more palatable 30%. It certainly feels like volatility is about to crank up a gear and this suggests putting Bitcoin back on the trader radar. On a micro level, the market is on watch for a formal decision from the SEC to allow a spot Bitcoin ETF. We were given a false start yesterday with a newswire putting out a post that the Greyscale spot ETF application had been approved by the SEC, sending Bitcoin $2k higher to $30k. However, the move quickly reverted after it was confirmed the headlines were incorrect. Will the SEC give a spot ETF the green light? What the move does offer is insights into how price could act when we do finally get a formal decision from the SEC. Of course, we could see the SEC reject the spot ETF, and we would likely see the price under sharp pressure, potentially testing and even breaking the range lows. A positive decision is the call Conversely, the odds are certainly skewed now that we get a positive decision from the SEC, potentially offering the green light for the Grayscale spot ETF. This could come at any stage in the next 7-10 days, so traders are clearly staying abreast of the headlines and prepared to react. Given the SEC’s recent call not to appeal the court ruling on Grayscale's application to convert the Trust into a spot ETF, as well as the sheer number of other ETF issuers who have filed for a spot ETF, many see a very strong possibility it passes. If the Grayscale decision gets approval, then all other applications should also get formal approval. One suspects the first move – which will likely be driven by news recognizing Algo’s - will not be the last move, and a wall of discretionary capital will chase the ensuing rally in Bitcoin. It could also be argued that some of this scenario is partly priced in given such lofty expectations of it passing – that said, I would expect the top of the trading range at FWB:31K to come into play and I see a low risk of a buy-the-rumour sell the fact playing out. A spot ETF offers financial advisors and other such market participants a reputable vehicle through which to push to clients. Because the ETF issuer buys the underlying Bitcoin, rather than the futures, this will offer greater confidence from a regulatory and compliance perspective. Consider that every issuer who has filled a spot ETF application with the SEC has made deep changes to appeal to regulatory considerations, such as active surveillance. Also, while the correlation Bitcoin holds with equities and bonds frequently changes, adding a Bitcoin spot ETF to a diversified portfolio can help lower portfolio variance through diversification; a factor all good advisors try to achieve for clients. A spot ETF should appeal Market participants will likely migrate cash out of existing Bitcoin futures and futures ETF given the roll charge and the negative carry that is involved in rolling the futures product upon expiry. All things being equal the spot ETF should outperform a futures ETF over a longer duration for this reason. The greater the demand, the more ETF shares are created and placed into the secondary market, which involves buying more Bitcoin in the underlying market. Its time to put Bitcoin back on the trader radar Naturally, as traders try and estimate how this may impact future demand and the broad adoption story, we could see an extended move in Bitcoin. We shall see, but this is why Bitcoin volatility should continue to increase and after sleepy conditions, the upcoming catalysts suggest trading conditions are looking far more compelling for CFD traders.
PEPPERSTONE:BTCUSDLong
by Pepperstone