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BTC - NEXT: Extremely Overbought, RSI hits 102Hi Traders, Investors and Speculators of Charts📈📉 I'm expecting some more volatility on Bitcoin as the RSI recently 102 which indicates and extremely over bought market. This is also confirmed by the technical indicator. Usually, after such extreme numbers are hit on the RSI, the price needs to "cool down" or retrace before continuing back upwards. This could mean lower price action for a few days ahead. It's vital that we retrace back towards the $32k zone to CONFIRM this as new support, and not a fakeout. Two scenarios I have highlighted on the chart is either straight up to the 1.618 and then the support confirmation, or first support confirmation and then up to 1.618. Either way, I'm bullish on BTC and I'll be looking to take a long from support at $32k. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BINANCE:BTCUSDLong
by CryptoCheck-
8
DEJA VU #bitcoin $btcTimescale Fibonacci helps you not only map by and see levels on the y axis, but also on the x-axis. Time cannot be ignored. The similarities so far are uncanny. 0.382 fib was the approximate top, previous cycle and this. This cycle BTC topped first on the 0.25 fib. Then the final higher-high of ~69,000$ on the 0.382 .. Bitcoin also bottomed out around the 0.618 level.. The price action is rather similar to the previous cycle.. Breakdown, to accumulation, to fast fomo rally, into an ascending channel (not a flag), before another push higer, aka, the "echo bubble"...,
INDEX:BTCUSDLong
by TheTraderAndy
Celebrating the Astonishing Rise of BTC! 🚀 Can you believe it? BTC seems unstoppable as it continues its upward trajectory, defying expectations and leaving us in awe. It's truly a remarkable time to be a part of the cryptocurrency world, and I couldn't be more thrilled to share this moment with you all. Now, let's talk about what this means for us as traders. The recent surge in BTC's value presents an outstanding opportunity for those looking to capitalize on its upward momentum. It's time to consider taking a long position and ride this wave of success! Here's why you should consider joining the long BTC camp: 1. Unprecedented Growth: BTC's recent rally has showcased its ability to break through resistance levels and reach new heights. By going long, you position yourself to benefit from potential future gains as BTC continues its upward journey. 2. Market Confidence: The surge past $34,000 demonstrates the growing confidence and trust investors have in BTC. This positive sentiment can fuel further growth, making it an ideal time to enter a long position. 3. Diversification: By adding BTC to your portfolio, you diversify your investments, reducing risk and increasing the potential for long-term profitability. 4. Expert Insights: Renowned analysts and experts are predicting even greater heights for BTC in the near future. Their forecasts, combined with the current market sentiment, provide a compelling case for going long on BTC. So, my fellow traders, I urge you to seize this opportunity and consider taking a long position on BTC. Let's make the most of this exhilarating moment and embark on a thrilling journey together. Remember, fortune favors the bold! If you're ready to join the long BTC camp or have any questions regarding this exciting development, don't hesitate to comment below. I'm here to support and guide you through this exhilarating time. Wishing you a prosperous and joyous trading journey ahead!
BITSTAMP:BTCUSDLong
by bryandowningqln
BTCUSD 1 year bullishBitcoin perform a nice bullish movement in 2023 with unparallel channel up pattern , this pattern will continue perform till the end of 2023. Right now bitcoin already reach channel up resistance with small pump at October 23th. At previous pump (june 21th), BTC perform correction wave with bullish flag , but it failed and break down to fibonacci 50-618 at channel up support . WAIT and SEE at next movement (November - December), we can wait another similarity from previous pattern with same correction to reach channel up support around fibonacci 50-618 at 30,000-29,000 to re-enter the market and aim for next bullish with target at 38,000-40,000. But if bullish flag break up, 40,000 will reach earlier as bullish flag projection. I will update this analysis if I have a new pattern. happy trading, dont forget to support me ^_^
BITSTAMP:BTCUSDLong
by AzrulAzir
1
Can You Expect a 40% Return on BTC in November?After conducting thorough analysis and closely monitoring the market trends, I am thrilled to inform you that I am expecting a remarkable 40% return on Bitcoin (BTC) in November. This projection is based on several key indicators and patterns that have historically proven to be reliable in predicting market movements. Now, you might wonder what makes November particularly promising for BTC. Well, let me share some insights that have led me to this conclusion: 1. Institutional Adoption: We've witnessed a surge in institutional investors entering the cryptocurrency space, with many renowned companies allocating significant resources to BTC. This increased interest from institutional players is expected to drive demand and, subsequently, push the price higher. 2. Market Sentiment: The overall market sentiment surrounding Bitcoin has been overwhelmingly positive, with an increasing number of individuals recognizing its potential as a store of value and hedge against inflation. This growing confidence is likely to attract more investors, contributing to the upward movement of BTC. 3. Halving Effect: Bitcoin's halving event, which occurred in April 2024, has historically been followed by substantial price rallies. With the halving's impact starting to take effect, we can anticipate a surge in demand, leading to a significant price increase. Considering these factors, I strongly encourage you to seize this opportunity and consider a long position on Bitcoin. By doing so, you position yourself to potentially benefit from the projected 40% return in November. However, please remember that trading involves risks, and it is essential to conduct your own research and analysis before making any investment decisions. Don't let this opportunity slip away! Take action now and embark on a rewarding journey with Bitcoin. If you have any questions or need assistance, please do not hesitate to reach out to out by commenting below.
BITSTAMP:BTCUSD
by bryandowningqln
4
The Four Reasons I'm Long On BitcoinOn the weekly timeframe for CRYPTOCAP:BTC : - A candle closed above the downwards trendline (Forming a bull flag), indicating strength in buyers - The MACD indicator had a crossover on the weekly timeframe - Price has been respecting the 21 EMA in the last few weeks. All of my favorite setups include EMAs! - There seems to be a potential Cup and Handle pattern forming. - And obviously ... The news about an ETF for CRYPTOCAP:BTC seems very bullish and I can see this continuation! Given these four reasons, I am bullish on CRYPTOCAP:BTC Stop Loss / Take Profits Stop loss: My stop loss on this trade is pretty tight. I put it at a break of low of this week. However, I might wait for a close on the low! Take Profits: All of these take profits are set at levels that were areas where there was previous heavy selling pressure. My plan would be to scale out half of my position at TP1, 1/2 of the remaining position at TP2, and fully out at TP3 Let me know what you think of this trade!
BITSTAMP:BTCUSDLong
by fluxchart
Bitcoin broke Pivot Point SuperTrend in 1M first time everBitcoin dominance broke the Pivot Point SuperTrend line in the 1M chart for the first time in history. I'm not exactly sure what this means from a technical analysis standpoint, but considering some basic facts: Bitcoin as a Store of Value: High inflation erodes the purchasing power of fiat currencies, which may lead people to seek alternative stores of value, like gold and potentially Bitcoin as well. This could increase demand and consequently, the price. Role of Institutions: If inflation remains high, institutions might also begin to consider Bitcoin as part of their investment strategy, further increasing demand and price. Additionally, recent news: The inclusion of Bitcoin in exchange-traded funds (ETFs) could affect its legitimacy and general perception in multiple ways: Increased Legitimacy: The acceptance of an ETF would be a sign that financial regulators see Bitcoin as a legitimate and investable asset class. This could boost the confidence of both individual and institutional investors. Increased Liquidity: An ETF usually brings increased liquidity, making Bitcoin more easily tradable. This could attract new investors, in turn, increasing demand and price. General Adoption: The existence of an ETF could facilitate broader adoption since it offers an easier way to invest in Bitcoin without having to store the cryptocurrency. This may make investing in Bitcoin more appealing to a wider range of investors. Therefore, it is possible that Bitcoin's dominance could rise to the level I have envisaged. How long this trend may continue or how high the dominance could go, I cannot say. At least, I would wait for this trend to end before investing in altcoins. Perhaps a mini alt-season is possible when Bitcoin's dominance increase stalls at some point and remains stagnant before another increase.
CRYPTOCAP:BTC.DLong
by herkuljee
$CREAM performing symmetrical triangle$CREAM performing in 1hr symmetrical triangle Trading a symmetrical triangle pattern involves identifying potential breakouts and using technical analysis to make informed trading decisions. Here are the steps to trade a symmetrical triangle pattern: 1. **Identify the Symmetrical Triangle:** First, recognize the formation of a symmetrical triangle on a price chart. This pattern typically consists of converging trendlines, with a series of higher lows and lower highs, creating a triangular shape. 2. **Determine the Direction:** Pay attention to the direction of the price trend leading into the triangle. If the price was in an uptrend before entering the pattern, there's a higher likelihood of a bullish breakout. Conversely, if it was in a downtrend, a bearish breakout is more probable. 3. **Set Entry and Stop-Loss Levels:** To trade a symmetrical triangle, you'll want to wait for a breakout from the pattern. Set your entry order slightly above the upper trendline for a bullish breakout or slightly below the lower trendline for a bearish breakout. Place a stop-loss order to limit potential losses. 4. **Confirm the Breakout:** Don't jump the gun. Wait for a confirmed breakout, which is usually accompanied by increased volume and a significant price movement beyond the trendline. This confirms the direction of the breakout. 5. **Measure the Price Target:** Use the height of the triangle at its widest point to estimate the price target. For a bullish breakout, add this measurement to the breakout point; for a bearish breakout, subtract it. This provides an initial price target. 6. **Monitor and Adjust:** Keep a close eye on your trade and adjust your stop-loss and take-profit levels as the price moves. This will help protect your profits and minimize losses. 7. **Consider Volume and Confirmation:** While symmetrical triangles often result in significant breakouts, not all breakouts are equally reliable. Look for strong confirmation through volume and other technical indicators (such as moving averages) to increase the reliability of your trade. 8. **Practice Risk Management:** Only risk a small portion of your trading capital on any single trade, and don't over-leverage. Stick to a risk-reward ratio that makes sense for your overall trading strategy. Remember that trading involves risk, and it's important to have a solid understanding of technical analysis, risk management, and a trading plan before attempting to trade any chart patterns, including the symmetrical triangle. It's also advisable to practice on a demo account or paper trade to gain experience before risking real money.
Long
by Crypto-Adda_Official
$BSW near to Break down\ward trendline **$BSW near to Break down\ward trendline ** Trading trendline breakouts is a popular strategy in technical analysis. It involves identifying key trendlines on a price chart and then executing trades when the price breaks through these trendlines. Here's a step-by-step guide on how to trade trendline breakouts: 1. **Identify the Trendlines:** - Start by identifying the prevailing trend in the price movement. This can be an uptrend (higher highs and higher lows) or a downtrend (lower highs and lower lows). - Draw trendlines connecting the lows in an uptrend and the highs in a downtrend. These trendlines should slope in the direction of the prevailing trend. 2. **Confirmation of the Trendline:** - Ensure that the trendline has been touched or respected by the price multiple times. The more times it has been tested, the stronger it is considered. 3. **Entry Point:** - Plan your entry point for a breakout trade. For an uptrend, consider buying when the price breaks above the upper trendline. For a downtrend, consider selling when the price breaks below the lower trendline. 4. **Use Additional Indicators:** - It's often beneficial to use other technical indicators to confirm the breakout. Common indicators include moving averages, Relative Strength Index (RSI), or Stochastic Oscillator. These can help filter out false breakouts. 5. **Set Stop-Loss and Take-Profit Orders:** - Determine your stop-loss and take-profit levels. A stop-loss is placed below the breakout point for long trades and above the breakout point for short trades to limit potential losses. A take-profit level is set at a point where you aim to lock in profits. 6. **Risk Management:** - Calculate the position size based on your risk tolerance. Do not risk more than a small percentage of your trading capital on a single trade.
Long
by Crypto-Adda_Official
BTCUSD - Over 80% to the CenterlineIf you trade with Allan Andrews Pitchforks, then you know the framework and the rules. Rule Nr. 1 says: Price reaches the CL over 80% of time. In the current context of BTCUSD, that means a huge potential on gains if entering the market now or in the near future. But of course, we can't just trade off of this rule alone. What else would give us as traders the right to take a Long position in BTCUSD? Watch how price is stair stepping! Why does price that? From the perspective of a Forker, I would say that the pendulum is in a up-swing. And currently, if you are a trader not a hodler, then there's even a good Risk to Reward ratio, when putting a stop/loss below the last pivot low. As a position trader, I would say, it's a good level to load the boat even more. But beware! If price cant keep up with this steep angle to the upside, and starts to open and close below the Lower Line of the Fork (The L-MLH or Lower Medianline Parallel), then there is a high possibility that price as other plans, than going up to the Centerline (Medianline). Talk soon... §8-)
BITSTAMP:BTCUSD
by Tr8dingN3rd
1
The 4th Bull Run may come earlier than expected ! 1.Halving event has always triggered the bull run. The parabolic move happened about 2-3 months after the halving date 2. A more detailed look into halving phases can be found here in my friend Kinoko Halving Chart. Based on the price moment and the timeline, I believe that we are in Anticipation phase (6 months prior to the Halving date) 3.What different this time is the approval of Bitcoin ETF with Third Deadline in Jan24 and Final Deadline in Mar24 so I expect the Anticipation phase will be very speculative this time 4.Yet I don’t think this is the “buy the rumour, sell the news” type of event because ETF is about mainstream institutions to be LEGALLY join the BTC market, there’s no front-runner, sneaky way around (see the volume and price movement of Gold ETF) 5. Hence, the 4th Bull Run may come early and be much different than before. So #accumulatebtc but don’t #fomo, because more likely than not, we will have good set up to entry (potential shakeout)
COINBASE:BTCUSDLong
by SteadyCompound
BTC Surges Past $35,000! Join the Excitement and Long BTC Now!I am thrilled to share with you some exciting news that has sent shockwaves through the market: Bitcoin (BTC) has just broken through the $35,000 barrier, reaching new heights in its incredible journey! But that's not all! As if this milestone wasn't enough to get your heart racing, the Blackrock Ishares Trust has recently been listed on the Depository Trust and Clearing Corp (DTCC). This development further solidifies BTC's position in the financial industry and signifies a significant step towards mainstream adoption. Now, let's take a moment to appreciate the magnitude of this breakthrough. Bitcoin has been on an astonishing bull run, defying expectations and proving its resilience time and time again. With each new high, it becomes increasingly clear that BTC is here to stay. The potential for substantial gains has never been more real! So, what does this mean for you, dear traders? It's an invitation to seize this opportunity and ride the wave of BTC's success. With its recent surge, Bitcoin has once again captured the attention of both seasoned investors and newcomers alike. The time to act is now! If you haven't already, consider taking a closer look at the potential benefits of longing BTC. By embracing this exciting trend, you position yourself to capitalize on the market's upward momentum. The Blackrock Ishares Trust listing on DTCC further reinforces BTC's legitimacy and opens doors to a broader range of investors, potentially driving prices even higher. Don't let this moment pass you by. Join the ranks of those who have recognized the immense potential of Bitcoin and take action to long BTC today! Remember, the cryptocurrency market is dynamic and ever-changing, and the opportunities it presents are time-sensitive. Don't wait for the next big announcement; make your move now! To get started, I encourage you to conduct thorough research, consult with trusted experts, and carefully consider your trading strategy. As always, it's essential to stay informed, practice risk management, and make well-informed decisions. Let's embrace the exhilaration of this moment together and set our sights on reaching new heights with BTC! Long Bitcoin and embark on this thrilling journey of potential wealth creation. Wishing you profitable trades and endless excitement!
BITSTAMP:BTCUSDLong
by bryandowningqln
Will Bitcoin do a repeat of 2019-2020?Banking Crisis and Technical Rallies If there is one thing that is fundamentally bullish for crypto its bank failures. Crypto was built for this: banks becoming insolvent and the inability to trust the Fed or a third party to secure your wealth and value. And we have gotten nothing short of a major rally over the past few weeks on the back of what has happened. With the Fed, Swiss, and ECB being forced to provide liquidity for failing banks, this rally in crypto could continue. Especially as a bunch of billionaires from Silicon Valley Bank need to store some of their wealth outside the banking system. Crypto is perfect for this. From a technical perspective, we have had some key developments that line up and we can dive into some analysis to see where things may be headed. I want to look at 2019 to early 2020 as I think this comparison is shaping up very closely. Notice the orange triangle pattern - The last time we had this type of capitulation when Bitcoin fell to ~$3,000, it marked the bottom. At this juncture, a lot of people thought the end was nigh. We had a similar capitulation event occur which lead to the same triangle formation on the back of the failure of FTX. The capitulation event in 2019 marked the bottom. So far the failure of FTX, Celsius, 3AC, and others has marked the bottom of this cycle. The fractal is strikingly similar 2019 was followed by a massive multi-month rally which took Bitcoin back to its 50% retracement from its previous high. If we were to do something similar it would put us in the $40,000- $45,000 range or just shy of that in the 37-40k range. Some technicals: 1. Weekly MACD is positive and sloping up. 2. Moving averages on the daily time frame are sloping positively. 3. The weekly 9 MA is crossing above the 200 MA. 4. RSI is showing strength. Between technicals and Bank failures, we could see Bitcoin and the rest of crypto continue to run higher from here.
CME:BTC1!Long
by ChartDudes
Bitcoin attempting to break over a significant long-term levelThey say price has memory and when it comes to Bitcoin there's few levels more significant then this 30,000 to 32,000 zone. There has been a lot of volume that has traded hands in this area going back to the start of 2021 and that's why it's an important inflection level to watch as buyers make another attempt to break above it. If we can get consecutive multiple days closing over 32K we should see buyers get a lot more comfortable adding risk in Bitcoin and aiming for much higher targets in the coming months. (disclosure: long)
COINBASE:BTCUSDLong
by EvanMedeiros
1
BTCUSD MID-WEEK ANALYSIS UPDATE 08/10/2023📈 BTC/USD: Short-term Drop with Upside Potential 📉 Recent USD weakness fueled a rise in BTC 🚀. Now, with the Dollar initiating a pullback, I anticipate a short-term drop in BTC/USD. After that, I'm looking for a continuation to target the $31,500 level. Here's what to keep in mind: - USD Influence: Recent Dollar weakness played a role in BTC's ascent 📉. - Short-term Drop: Expect a temporary pullback in BTC as the Dollar regains strength 📉. - Upside Target: The goal is to target $31,500 as the next potential move upward 🚀. - Risk Management: Set clear stop-loss and take-profit levels to protect your capital ⚖️. - Technical Analysis: Use technical indicators, like moving averages or RSI, to time your entry and confirm trends 📊. - Stay Informed: Keep an eye on news and events that could impact both BTC and the USD 🌐. Remember, this analysis is not financial advice, and all trading carries risks 🚨. Make sure to do your own research and tailor your strategy to your risk tolerance. Good luck with your trading journey! 🍀📈💹
COINBASE:BTCUSDShort
by Dion-FX
The most likely scenario facing the Bitcoin market HERE is the most likely scenario facing the #Bitcoinmarket on the chart and #Bitcoin market #analysis review along with reasons why the price moving in a long-term #uptrend currently, so here we are waiting for down trend in a short-term inside the long-term uptrend! #TechnicalAnalysis Bitcoin has been trading in the range between $20k to FWB:25K for the last few months after crashing from all-time highs. This indicates it is consolidating and establishing support in this zone. The 200-week moving average around $22k is a key long-term support level. Bounces off this level indicate bullish sentiment. RSI recovered from oversold levels and is rising back toward 50, suggesting selling pressure is weakening and positive momentum is building. The #MACD crossover recently turned positive, signaling the start of an uptrend. Several other technical indicators like the #Ichimoku cloud also indicate a bullish trend. #SentimentAnalysis Crypto fear and greed index has risen from "extreme fear" to "fear", suggesting sentiment is gradually improving. This often precedes bull runs. Funding rates on futures contracts have flipped positive, indicating traders expect prices to go up. Rising open interest also points to increased bullish sentiment. Social media and news discussions relating to crypto have increased, suggesting renewed retail interest compared to extreme bearish sentiment in June 2022. #On-ChainAnalysis Number of addresses holding BTC continues rising, showing accumulation by long-term holders. Around 65% of supply has not moved in over a year, indicating strong hold sentiment. Miners have reduced outflows as reserves decline, suggesting they are holding onto newly minted coins anticipating a bull market instead of selling. Exchange inflows remain relatively low compared to historical levels, indicating lack of panic selling. Exchange balances are declining. #FundamentalAnalysis Adoption by institutional investors and corporations continues rising, lending legitimacy. #BTC holdings of listed companies reached an all-time high in Q3 2022. Network health remains strong, with hashrate and mining difficulty rebounding to new highs. This suggests faith in long-term viability. Potential #SEC spot Bitcoin ETF approval may provide a significant boost to market #sentiment and institutional inflows into crypto.
Short
by Insights360