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Bitcoin / US Dollar Perpetual Inverse Swap ContractBitcoin / US Dollar Perpetual Inverse Swap ContractBitcoin / US Dollar Perpetual Inverse Swap Contract

Bitcoin / US Dollar Perpetual Inverse Swap Contract

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BTCUSD.P trade ideas

Bitcoin's Rally Loses Steam: A Reversal Pattern Takes Shape● Bitcoin reached a record high of approximately $108,390, driven by strong bullish momentum. ● However, the rally was short-lived as intense selling pressure kicked in, triggering a rapid decline to $92,500 and erasing some of the recent gains. ● The frequent price fluctuations are likely to form a Head & Shoulder pattern, a bearish pattern that indicates a potential trend reversal and further downside. ● A sharp decline is expected if Bitcoin breaches below $91,500.
COINBASE:BTCUSDShort
by NaranjCapital
US Government Shutdown Averted: A Comprehensive Overview.US Government Shutdown Averted: A Comprehensive Overview Background The US government narrowly avoided a shutdown after a last-minute spending deal was passed just hours before the deadline. This agreement came after intense negotiations and a brief period of uncertainty that had federal employees and the public on edge. Key Events Leading to the Near Shutdown Initial Spending Deal: House Speaker Mike Johnson negotiated a bipartisan spending deal that included disaster relief funding and other provisions. However, this deal faced opposition from President-elect Donald Trump and tech billionaire Elon Musk. Trump's Opposition: Trump demanded that the deal include provisions to raise the debt ceiling, leading to the collapse of the initial agreement. Revised Deal: After intense negotiations, a revised spending bill was passed with bipartisan support, excluding the debt ceiling provisions. This bill funds the government through March 2025. Impact of the Near Shutdown Federal Employees: Thousands of federal employees faced uncertainty about their pay. Essential services were maintained, but non-essential functions were at risk of being halted. Economic Effects: Analysts projected that a prolonged shutdown could reduce GDP growth by 0.15 percentage points for each week of closure. However, the impact is expected to be temporary, with a potential boost in GDP growth once the government reopens. Market Reactions: The stock market experienced volatility during the near shutdown period, with investors closely monitoring developments in Washington. The resolution of the shutdown provided some relief to market participants. Future Outlook Debt Ceiling Debate: The issue of raising the debt ceiling remains unresolved and is expected to be a major point of contention in early 2025. Lawmakers will need to address this issue to avoid another potential shutdown. Political Dynamics: The near shutdown highlighted the divisions within the Republican Party and the influence of key figures like Trump and Musk. The upcoming administration will need to navigate these dynamics to ensure smooth governance. Economic Policies: The Federal Reserve's upcoming rate decision and other economic policies will be closely watched by traders and investors. The government's fiscal health and spending priorities will play a crucial role in shaping market sentiment. Latest Trading News for Traders Stocks Tesco's Share Price Current Price: £3.73 Analysis: Tesco's share price is trading around an 11-year high, but some analysts believe it is still undervalued by 41%. However, rising National Insurance contributions and potential cost of living increases pose risks to its earnings. Support Levels: £3.50, £3.20 Resistance Levels: £4.00, £4.50 Los Dos Amigos Closure The popular Mexican restaurant in Portsmouth announced its last day of trading due to a "broken business model" in today's climate. This highlights the ongoing challenges small businesses face in the current economic environment. Forex FXiBot Launch Avenix Fzco has launched FXiBot, a forex robot designed to enhance trading strategies through advanced data processing and systematic trading protocols. This innovation reflects the growing trend of automation in forex trading. Currency Movements USD/JPY: The USD/JPY has been on a six-day rally. Support Levels: 1.25, 1.23 Resistance Levels: 1.30, 1.32 EUR/USD: The EUR/USD has slid after the European Central Bank's rate cut. Support Levels: 1.05, 1.03 Resistance Levels: 1.10, 1.12 Cryptocurrencies Bitcoin (BTC) Current Price: $106,000 Analysis: Bitcoin has hit a new record high ahead of an expected Federal Reserve rate cut. Support Levels: $100,000, $95,000 Resistance Levels: $110,000, $115,000 Ethereum (ETH) Current Price: $3,900 Analysis: Ethereum prices have remained steady amid a broad crypto market pullback. Support Levels: $3,800, $3,600 Resistance Levels: $4,100, $4,300 Commodities Gold (XAU/USD) Current Price: $1,800 Analysis: Gold prices have been muted as traders brace for the Federal Reserve's rate decision. Support Levels: $1,750, $1,720 Resistance Levels: $1,850, $1,900 Oil Prices Oil prices have been volatile due to geopolitical tensions and supply chain disruptions. Support Levels: $70, $65 Resistance Levels: $75, $80 Indices Nasdaq Futures Current Price: 15,000 Analysis: Nasdaq futures have been flat after the tech-heavy index lost sight of record highs. Support Levels: 14,800, 14,500 Resistance Levels: 15,200, 15,500 Dow Jones Current Price: 34,000 Analysis: The Dow Jones Industrial Average has seen mixed performance, with some sectors outperforming while others lag behind. Support Levels: 33,800, 33,500 Resistance Levels: 34,200, 34,500 Upcoming Economic Events US Inflation Data: The US Personal Consumption Expenditures (PCE) price index is expected to be released on Friday, December 20th. This data is closely watched by traders as it influences the Federal Reserve's monetary policy decisions. Central Bank Rate Decisions: The Federal Reserve is scheduled to announce its rate decision on Wednesday, December 18th. The Bank of Japan and the Bank of England will also announce their decisions on Thursday, December 19th1. UK Inflation Data: The UK Consumer Price Index (CPI) is expected to be released on Wednesday, December 18th. This data can impact the GBP/USD exchange rate and other related assets..
FX:BTCUSD
by OakleyJM
BITCOIN 1month RSI showing the Bull Cycle is far from over.Bitcoin / BTCUSD has had a pull back this week but that shouldn't cloud your long term outlook. That remains bullish and even more so on the 1month chart where the RSI turning flat is a sign that the parabolic rally has only just begun. The 1month RSI is trading inside a Channel Down since the very first trading day and with this week's sideways turning, it remains under the 0.786 Fibonacci level. This suggests that relative to past Cycles, we may be on a similar stage as February 2017 and January 2013. Both took 10 months until their Cycles topped. This shows that we can stay bullish until at least September 2025 or if the RSI hits the top of the Channel Down first. Take all the above into consideration and start taking profits in September the latest. Follow us, like the idea and leave a comment below!!
CRYPTO:BTCUSDLong
by TheCryptagon
1
Bitcoin Bullish continuation. BITSTAMP:BTCUSD Bitcoin just made a new all time High (ATH). Hello everyone today will be looking at the price movement of Bitcoin for the past 3 months Bitcoin has been making some massive moves creating higher highs and higher lows. So what should be expecting from Bitcoin right now. Form the technical aspects, we should be expecting a 10% to 15% drop in the price of Bitcoin to 100k level 🎚️ to the 95k areas. As for right now my expectation for Bitcoin is to retest the 100k and 99k levels before a continuation to the upside, but is the price of BTC fails to hold support at the levels I have just mentioned, we should seen a further drop to the 95k to 90k levels. Also, if we look at the Fear N Greed index, we can see that the market is extremely Greeding and this is not 🚫 a good sign for the market so we should waiting patiently for price to retest key support levels before looking for any buy opportunities. Looking at the upcoming economic events like FEDERAL FUND RATES, FOMC, and many more, so with this activities, we should expect some market volatility.
BITSTAMP:BTCUSDLong
by Jahson23
BITCOIN Will Go Up! Long! Take a look at our analysis for BITCOIN. Time Frame: 17h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 95,774. The above observations make me that the market will inevitably achieve 103,155 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
BITSTAMP:BTCUSDLong
by SignalProvider
1
BITCOIN: Analysis and ForecastHaving reached an all -time high of $108,300. Bitcoin has been undergoing a strong technical correction. It indicates that the crypto could could continue its technical correction in the next few days and reach $95,799 where the 200 EMA is located. In case Bitcoin wants to recover part of the losses, we could expect a pullback to occur at +1/8 Murray located at 106,250. We must pay attention to this level, since below, we could expect the bearish cycle to resume and Bitcoin could fall with targets at the psychological level of $100,000 and even reach 7/8 Murray at 93,750. On the contrary, with consolidation above 106,500 on the H4 chart, Bitcoin could accelerate its rise and reach +2/8 Murray at $112,500. Happy Trading!
BITSTAMP:BTCUSDLong
by CEO-PREMIUM-ANALYSIS
1
Bitcoin's 486 days marathon after halving to reach the 150,000 !The Basics of Bitcoin's Analysis As we approach the anticipated fourth Bitcoin halving on April 15th, 2024, the mining of Bitcoin’s 19,656,962nd coin is a testament to the network’s enduring strength, bringing the circulating supply to 90% of the total. The ‘rainbow chart’ remains a popular model for visualizing Bitcoin’s logarithmic growth and its cyclical price patterns. The halving events, pivotal in Bitcoin’s economic model, systematically reduce the block reward, thereby constraining the new supply of Bitcoin. The current reward stands at 6.25 BTC per block, which will decrease to 3.125 BTC post the fourth halving. This deflationary mechanism has historically triggered bullish market sentiments as the reduced flow of new coins amplifies scarcity. Analyzing the cycles between halvings, a clear pattern emerges: the initial 70,000 blocks post-halving often usher in a bullish phase, succeeded by a bearish phase up to the 140,000th block, and culminating in a sideways market until the next halving at the 210,000th block. Bitcoin’s market dominance is also subject to cyclical fluctuations. Since 2016, its dominance has dipped below 40% during bearish phases and soared to around 70% during bullish periods, significantly influencing the broader cryptocurrency market. The average drawdown observed between halvings is approximately 80%. Currently, in the sideways phase of the third cycle, projections based on the intersection of the 210,000th block and the lower logarithmic regression boundary suggest a valuation of $30,000 per Bitcoin. The forthcoming era could witness a peak of $150,000, with an 80% drawdown positioning the potential low at $55,000 during the bearish phase, commencing 486 days after the halving. Where are we Today? Recent market analyses align with these projections, indicating a minor retracement a month after the 2024 halving, followed by a significant rally to new heights. Analysts advise caution as the market nears the halving event, with some predicting a pre-halving sell-off. Despite short-term volatility, the long-term outlook for Bitcoin remains bullish, with predictions of a new all-time high price in each 4-year period between Halving dates. The only indicator to consider: The MVRV Ratio and Z-score The MVRV ratio was created by Murad Mahmudov & David Puell hot on the heals of the invention of the Realized Cap concept by the Coinmetrics team of Nic Carter and Antoine Le Calvez. Realized Cap is an alternative approach to Market Cap as a measure of network valuation. Rather than using the last traded price and multiplying by the coins in circulation as seen in Market Cap, Realized Cap approximates the value paid for all coins in existence by summing the market value of coins at the time they last moved on the blockchain. MVRV is simply the ratio comparing the two, i.e. MVRV = Market Cap / Realized Cap. It’s useful for getting a sense of when the exchange traded price is below “fair value” and is also quite useful for spotting market tops and bottoms (Source: Coinmetrics.com). The MVRV ratio is calculated by dividing the total bitcoin market value (MV) by its realized value (RV). Therefore, the metric represents the extent in which the current bitcoin market valuation is overextended beyond (values >1) or actually at a discount (values <1) compared to the holders’ aggregated cost base. From the MVRV ratio we obtain the MVRV z-score, which first calculates the difference between the total bitcoin market value and its realized value, and then divides that by the standard deviation of the market valuation — a common statistical procedure called “standardization.” The MVRV z-scores, therefore, represent the number of standard deviations that each bitcoin market valuation is increased or decreased against its realized value (Remember z-score >1 means overextended and z-score <1 discount) What do indicators say? We are currently at the dusk of the 3rd halving era which occurred on May 11th 2020, more precisely the END of the sideways phase. The MVRV ratio is at 2.24 giving sights of a Fair Value. Historically, Values over '3.7' indicated price top and values below '1' indicated price bottom.(Source: CryptoQuant) (It is crucial to note that these insights are for educational purposes and should not be considered financial advice. The cryptocurrency market is inherently volatile, and while historical data can provide guidance, it does not guarantee future performance).
BITSTAMP:BTCUSDLong
by Theperfectionist
1
Ash | 4 reasons why we’re still bullish on BTCHi traders! 👋 This is Ash, let’s dive straight into today’s analysis! 📊🚀 📌 Wave analysis and our near-term view on Bitcoin We believe we are nearing the end of Wave 1 of Intermediate Wave (3) (in yellow). A dip could be on the horizon in the near future - potentially toward $60k. ~$60k = Strong Buy 🚛🚛🚛 📌 4 reasons why we’re still bullish on BTC (even at $100k)! 1. Elliott Wave Analysis We believe we are only on Wave 1 of the 3rd Intermediate Wave. This time could be different~! 😅 2. Halving Cycle Analysis Historically, the upward trend lasted about 1 year 4 months after each Halving event. Since the last Halving was on April 19, 2024, this timeframe points to ~ August 2025. So, we’re still about 8 months away from a correction! 😌 3. Institutional Buying and Government Recognition Major institutions are buying, and many governments (including the incoming Trump administration) are beginning to embrace BTC as a form of reserve asset. Bullish! 📈 4. Hyman Minsky Model All financial systems progress through stages of increasing leverage and speculation (aka, a bubble). But… we don’t think we are there yet. Institutions have only just started buying, with limited participation from retail (i.e., public). BTC has plenty more room to run! 🚀 With this said, always remember to DYOR and protect your capital. (Note: DYOR = Do Your Own Research) 📌 Alternative “sub” Scenario: Highly Unlikely The following scenario is highly unlikely, but “if” BCT is nearing the end of Wave (1) (in yellow), the ensuing correction (Wave (2)) could be quite severe - potentially to ~ $40k or even lower.. For those looking to buy at the current level: be aware that, despite a very low probability, a drop to $40k is possible. Please ask yourself whether you can stomach this fall before going long. If you found this analysis helpful, don’t forget to hit that boost button and follow me! 🚀🙌 See you soon with more updates! 🔥
BITSTAMP:BTCUSD
by Ash_Maeuknam
2
Analysis This is a Bitcoin price chart against USD on the 1-hour timeframe from TradingView. It appears to analyze potential price movements. Here's a brief breakdown: 1. Price Range: Current price: 93,707 USD. Support zone: Highlighted in white near 92,000 USD. Resistance zone: Highlighted in red above 100,000 USD. 2. Trend Lines: A descending price movement has tested the support zone. Two potential scenarios are drawn: Yellow trendline suggests a potential upward continuation beyond 102,000 USD. White trendline suggests a brief pullback before a breakout upward. 3. Volume: Volume activity is shown at the bottom but seems relatively stable for now. This chart predicts bullish potential after retesting the support zone. Are you looking for specific insights or technical analysis?
BITSTAMP:BTCUSD
by Olivia-Grace
Daily Analysis of Bitcoin – Issue 235The analyst believes that the price of { BTCUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
BINANCE:BTCUSDShort
by MoonriseTA
BTC analysis Its time for correction!! Bitcoin has began a downward trend that seems to have concluded at $92,400 on the 1-hour timescale after resisting and setting a new all-time high of $108,230. The market is, nevertheless, at a pivotal juncture. Bitcoin is likely to remain positive if it breaks $101,200, and negative if it is unable to keep above $96,277. demonstrating that this reduction was only remedial. If not, a break below $96,277 would indicate a chance to short. However, prudence is urged; swiftly acquire gains and refrain from greed. Entry1: 99,000 Entry2 :"97,000 Entry3 96,000 Tp1: 92,500 TP2: 88,000 TP3:80,000
CRYPTO:BTCUSDShort
by limitissky77
BTCUSD Trading Opportunity! BUY! My dear friends, Please, find my technical outlook for EUR/USD below: The price is coiling around a solid key level - 97265 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 10074 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
BITSTAMP:BTCUSDLong
by AnabelSignals
3