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Btcusdshort

We Could See a Macro Wyckoff Accumulation In my opinion we can see the big guys left their footrpints in shape of secondry test which plays a major roll in Wyckoff Accumulation Method I am not sure yet because of there are diffrent typs of Wyckoff Accumulation and Distribution so cant ruled it out which one is going to playout but the best method is wait and watch either we could find support at 15500$ which will be aslo considered as a Wyckoff Accumulation or we could take out that low to make ATL ( bottom ) for BITCION WHATS MORE LIKLY ? In my opinion more likely Bitcoin has to take that low to create a bottom arround 10K to 8K before new bullrun
Short
by MemoCrypto
5
"Bitcoin Price Rises Northward in Recovery Effort" Bitcoin's price is trending upward, attempting to recover recent losses that wiped out $90 million in open interest from the market. With the 25-day Exponential Moving Average (EMA) hovering at $34,572, BTC is striving to reclaim territory above the crucial resistance level at $36,788. To confirm an upward move, investors should monitor Bitcoin's price breaking and closing above $36,788. This would set the stage for BTC to target the highest range within $37,972 before reaching the psychological level of $38,000. In the case of a strong uptrend, Bitcoin's price could extend its reach to the psychological level of $40,000, representing a 10% increase from the current level. The Relative Strength Index (RSI) is pointing upward, indicating increasing momentum, while the Awesome Oscillator (AO) remains in positive territory, providing additional confidence in the bullish argument. Conversely, another rejection from the $36,788 resistance could lead to Bitcoin losing support from the 25-day and 50-day EMAs at $34,572 and $32,456, respectively, before descending into the supply zone, becoming a trend-reversal tool. In this scenario, it may test the 100-day EMA at $30,528.
BITSTAMP:BTCUSD
by Larissa-Trader
Bitcoin price (BTCUSD) achieves the targetstrong breakout zone The price of Bitcoin (BTCUSD) rushed upward yesterday to succeed in achieving our expected target at 35890.00 and is facing strong resistance there to show some bearish tendency, waiting to gather new positive momentum that supports the chances of breaching this barrier to open the way to achieving additional gains reaching the 36500.00 areas. Therefore, we continue to favor the upward trend for the coming period, keeping in mind that breaking 34680.00 will stop the expected rise and put pressure on the price to make some downward correction in the immediate term. The general trend expected for today: bullish
BITSTAMP:BTCUSDLong
by Evar_Mayi
19
"Bitcoin Slides on ETF Closure Fears, $90M Profits Vanish" Bitcoin witnessed a nearly 5% decline on Tuesday, dropping to $35,500 as the cryptocurrency market grows apprehensive ahead of November 17. This downturn resulted in the liquidation of 119,246 million dollars in long positions, erasing $90 million in open interest for BTC. Alternative currencies also faced liquidation, totaling $194.57 million, under substantial selling pressure. Bitcoin holders and the entire cryptocurrency market are eagerly anticipating developments from the U.S. Securities and Exchange Commission (SEC) following recent statements that the financial regulatory body has a narrow 8-day window to approve or reject a Bitcoin spot ETF. With the closing window, the market is increasingly on edge. Bitcoin's 5% drop and the liquidation of $120 million in long positions come as the SEC remains silent just three days before the deadline. The lack of clarity or hints from the SEC regarding the ETF registration has led to a negative market response.
BITSTAMP:BTCUSD
by Larissa-Trader
1
Bitcoin Dips Below $37,000 Ahead of US CPI Data Bitcoin experienced a surge to nearly $38,000 last week, marking its first such peak since May 2022. However, the cryptocurrency faced a retreat, sliding to $36,880 as traders awaited the release of Consumer Price Index (CPI) data on Tuesday. The overall CPI, a closely watched inflation indicator tied to changes in the cost of living, is expected to show a 0.1% increase from the previous month in October. This marks a significant shift from the 0.4% rise observed in September. In his recent speech, Federal Reserve Chairman Jerome Powell stated that the US central bank would not hesitate to raise interest rates to ensure price stability. Powell expressed skepticism that the Fed had reached a sufficiently restrictive stance. Bitcoin traders remain cautious as the core CPI inflation rate, excluding volatile items like food and energy, indicating a long-term inflation trend, is predicted to stay at 4.1% YoY and 0.3% MoM. This price dip in Bitcoin ahead of the CPI data underscores the market's sensitivity to inflation figures and central bank policies. Investors are monitoring these developments closely as they assess the potential impact on the cryptocurrency market amid broader economic uncertainties.
BITSTAMP:BTCUSD
by Larissa-Trader
1
Bitcoin's Journey Towards the $40,000 Resistance Level Bitcoin has experienced a notable recovery over the past few months, surging from $25,000 to $38,000 in less than two months. The potential for further upward movement is anticipated in the coming days and weeks until it reaches the key resistance level of $40,000. The strategy involves waiting for the price to close above the minor resistance level of $3,718.5, with a plan to initiate a buy trade upon achieving this closure. The target for this trade is set at the daily main resistance level of $40,000. On smaller timeframes, such as the 15-minute chart, the price is forming a reverse head and shoulders pattern, indicating a continuation of the upward trend. Analyzing this currency pair, the focus is on the anticipation of a bullish breakout above $3,718.5. Once confirmed, traders may look for buying opportunities with a target set at the significant daily resistance level of $40,000. The presence of the reverse head and shoulders pattern on the 15-minute chart adds a bullish signal to the overall analysis, suggesting potential sustained upward momentum in the near term. However, as with any financial market, traders should exercise caution and be mindful of potential market fluctuations.
BITSTAMP:BTCUSD
by Larissa-Trader
1
Bitcoin Surges Past $37,000 in a Short Time On Thursday, November 9, the world's leading cryptocurrency, Bitcoin, rapidly surged above $37,000, approaching the $38,000 mark, marking its first such increase in 18 months. The remarkable 5.69% growth in less than a day (adding $2,000 to its price) is attributed to analysts at Bloomberg anticipating that the U.S. regulatory agency, the SEC, will face a "short window" to greenlight 12 Bitcoin futures ETFs, including BlackRock (NYSE: BLK) and Grayscale, within the next 12 days, starting from Thursday. Another Bloomberg analyst, James Seyffart, shared his expectation that the regulatory agency will approve the first BTC ETF in early January, stating a 90% probability of such an occurrence. Following Bitcoin's growth, Ethereum also experienced a significant increase, reaching $2,133. However, both leading cryptocurrencies have since lost some momentum, with Bitcoin trading at $36,943 and Ethereum at $2,071.
BITSTAMP:BTCUSD
by Larissa-Trader
Bitcoin's Surge Near $38,000 Amid Bitcoin ETF EnthusiasmOn Thursday, Bitcoin prices experienced a sharp rally, reaching a new 18-month high of around $17,999 before returning to $36,419. BTC/USD continues to trade within the confines of an upward channel on the 60-minute chart. The price of the leading cryptocurrency is currently trading above several levels of the 100-hour moving average. As a result, Bitcoin has risen into overbought territory on the 14-hour RSI indicator. From a fundamental perspective, Bitcoin is trading after building positive sentiment in the context of the enthusiasm surrounding the Bitcoin Spot ETF. While approval in the United States is still pending with the SEC, news emerged earlier this week that Hong Kong may consider joining the breakthrough and allowing Bitcoin Spot ETFs as part of their broader strategy for the cryptocurrency economy. BTC/USD is also influenced by the latest economic data from the United States. On Thursday, initial jobless claims for the week ending November 3 came close to surpassing expectations of 218,000, with the number of claims standing at 217,000. At the beginning of the week, U.S. consumer credit in September failed to meet the expected $10 billion, recording $9.06 billion instead. Wholesale inventories in the period also did not match the expected 0% change, posting a 0.2% change. In other areas, mortgage applications for the week ending November 3 increased by 2.5% compared to the previous -2.1% change in the prior update.
BITSTAMP:BTCUSD
by Larissa-Trader
1
Bitcoin Update 08.11.2023Analyzing BINANCE:BTCUSDT on a weekly basis is currently one of the simplest but also most effective tasks. This is because Bitcoin generally only fluctuates between support and resistance. In addition, it is fully compatible with the Fibonacci correction. Therefore, I can easily determine how far it will run. The fact that INDEX:BTCUSD has not made a significant movement for 1 week shows us that it will not end its 4-week run before hitting the $38 thousand level. But I cannot recommend anyone to buy here and this is definitely not a buying signal. Because one way or another, this short-term run has come to an end and therefore I am expecting a correction. When I applied a Fibonacci tool to see how far the correction would be, the level I saw was around $31k. This level is both an important support according to price action and the Fibonacci 0.5 level. It should not be forgotten that Bitcoin likes 0.5 much more than Fiboncci 0.618, especially in the weekly time interval. Therefore, I think it will return to the FWB:31K level after the $38k resistance is tested. This level will be a great buying opportunity for me. The FWB:31K level is also the follow-up level of the upward trend that has been continuing since the beginning of 2023. Therefore, a return from this level will also be an indicator that the trend continues. After buying at FWB:31K , my first target will be the $47200 level. I will not try to teach investment strategy to anyone here, but selling at resistances and collecting at supports is my own strategy and is suitable for my risk management.
INDEX:BTCUSD
by YavuzAkbay