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BITCOIN: Hong Kong's Entry into the Cryptocurrency ArenaBITCOIN: Hong Kong's Entry into the Cryptocurrency Arena In the ever-changing landscape of cryptocurrencies, Bitcoin (BTC) has recently been treading water, leaving investors with an air of uncertainty about its future path. This comprehensive report delves into the current dynamics shaping cryptocurrency prices, potential catalysts steering future valuations, and a detailed technical analysis of Bitcoin. Federal Reserve's Sway: All eyes are on the Federal Reserve (Fed) as it gears up for an upcoming interest rate decision, wielding the potential to sway the crypto market. While expectations lean toward the Fed maintaining the status quo, the nuances in their accompanying statements and Chairman Powell’s press conference could introduce an element of unpredictability. Factors like easing inflation and challenges in the US manufacturing sector might prompt a more dovish stance, injecting optimism and potentially boosting crypto investments. Return of Chinese Investors: Reports are surfacing about a resurgence in interest among Chinese investors in the crypto market. Economic uncertainties in China, coupled with concerns about the stability of Chinese developers and the liquidation order for Evergrande, are pushing investors towards alternative assets. Despite the crypto ban in China, intermediaries are facilitating investments, painting cryptos as electronic gold. If this trend continues, we might witness sustained growth in the crypto market, but regulatory crackdowns could cast a shadow. BTC ETFs Expanding Horizons: Following the SEC’s green light for BTC ETFs in the US, the spotlight now turns to Hong Kong. Financial institutions are reportedly gearing up to file BTC ETFs with the Hong Kong Securities and Futures Commission. This global expansion of Crypto ETFs, post-US approval, underscores the growing acceptance and interest in cryptocurrency investment avenues. Navigating the Technical Terrain: From a technical perspective, BTC recently rebounded from the $38,000 support on January 23, initiating an upward trajectory within a Megaphone pattern. The next milestones for the price are ambitiously set at $45,000 and $50,000. As the crypto market grapples with economic shifts and evolving regulations, the Fed's decisions, sentiments of Chinese investors, and the global expansion of BTC ETFs stand poised to influence Bitcoin's journey in the weeks ahead. Traders and investors should remain vigilant, ready to adapt their strategies to the ever-evolving crypto landscape.
BITSTAMP:BTCUSDLong
by FOREXN1
5
BTC Update - 10.02.2024 / Long confirmed4 hour chart: The market over the weekend is not happy with the moves, let's look at the bitcoin chart and targets for the next couple weeks. After price got an upside exit from accumulation, which I wrote about in the previous breakdown, got an impulsive move up coming into accumulation from above and the bts zone, leaving liquidity at the top to deliver price behind the local and key high. I don't see the point of shorting against such an aggressive move, so I am looking at a couple POIs to consider futures long positions. 1. 4 hour imbalance + ind (I am considering a nascent long on ltf, after which I will consider). 2. 4 hour breaker imbalance (I will look for confirmation on higher timeframes, because if we mitigrate this zone of buyer interest, the structure on ltf was broken to short). In any case, I advise you to put a small % of your deposit in positions on the weekend, as the chances of manipulation are extremely high! Not financial advice, always think with your head! ❗
Long
by trademansi0n
📈Bitcoin price movement near 40K level📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. After receiving support around the level of 38-39 thousand dollars, Bitcoin now has two possible scenarios in front of it. If the price fails to stabilize in the specified area, the bearish scenario will be activated. But according to the divergence of the indicated indicators in the chart, Bitcoin can advance towards $41,500 to $42,500 after stabilizing above the yellow zone. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Long
by CrazyS
4
BTCUSDT likely to move higher from daily supportThe price action is suggesting BTCUSDT is very bullish. The same is confirmed from the last weekly candle close. This is just fantastic and says that coming weeks will have a very positive price action. We are currently in a small correction phase which shall end around 41700. We quite reached 8o 41900 so it could be that its the end of correction or if not then just a small push to that daily support zone and we are ready to move higher.
Long
by angela_altair
BITCOIN - THE CALM BEFORE THE STORM (TARGET 50K & BEYOND)The Bitcoin show is never ending! Price is clearly showing signs of bullish activity and I had to put behind my strong bearish bias and change camps. I think this is the moment we have all been waiting for and it is time for Bitcoin to spread its wings and fly to new heights! Here is what I see: What is on the chart? (follow the steps) 1. Prime Entry Conditions: The presence of a significant Fair Value Gap (FVG) on the daily chart, coinciding with a Break of Structure (BOS) level within a Fibonacci reload zone (spanning from 0.618 to 0.786), sets up an exceptional scenario for investors eyeing a long-term position. This confluence of technical indicators suggests a strong potential for reversal, making it an attractive entry point for those looking to capitalize on the ensuing swing. 2. Impact of Bitcoin ETF Hype: The market experienced a notable consolidation phase, primarily driven by the anticipation surrounding the approval of a Bitcoin spot ETF. This period was marked by extreme volatility, as traders and investors reacted to the unfolding developments, highlighting the sensitivity of the market to regulatory and institutional changes. 3. Sell-the-News Reaction: Following the hype, a classic 'sell the news' event occurred, where a weekly buyside liquidity line indicated a temporary top, leading to a reintegration into the previous range. While a larger correction was anticipated by many, including myself, the actual bottom formed in the subsequent step wasn't arbitrary but rather informed by underlying market mechanics. 4. Assessing Trend Strength: In retrospect, the weakening of the bearish trend was evident through the behaviour of open interest (OI). As prices fell, so did OI, indicating that the downward price action was more about traders exiting positions rather than initiating new shorts. This critical insight, missed at the moment, became apparent in hindsight, especially as prices stabilized within the Kumo cloud and rebounded from the daily FVG, signalling a potential bottom. 5. Bullish Accumulation and Resistance: The current phase shows signs of bullish accumulation, supported by the daily Kumo, yet faced with resistance at both the daily FVG and the Kijun line. This situation presents two likely paths: a retracement offering a more favourable entry point or a surge driven by significant ETF news, possibly from a major player like Blackrock, injecting substantial capital and sparking euphoria. Regardless of these speculative scenarios, it's crucial to stay grounded and open to various outcomes. 6. Anticipated Trend Continuation: Looking ahead, the expectation is for the trend to resume its upward trajectory, potentially setting new all-time highs. This outlook is based on the accumulation of factors previously discussed, each playing a role in shaping the market's direction. As always, I hope you appreciate my insights and have a great day! - Lexi ;)
Long
by Lexi_Is_Trading
2
Bitcoin $200,000: A Matter of TimeThe price of Bitcoin has historically exhibited an upward trend following each halving event. This phenomenon stems from a combination of factors, including a reduced supply of newly minted bitcoins, increased demand driven by scarcity, positive market sentiment surrounding the halving, and speculative buying fueled by anticipation of future price appreciation. The price of Bitcoin began to rise significantly in the months leading up to the 3rd halving, which occurred on May 11, 2020. The price rose from around $5,000 in March 2020 to over $10,000 in May 2020. After the halving, the price of Bitcoin continued to rise, reaching a peak of over $68,000 in November 2021. The fourth halving is estimated to occur in the second week of April 2024. The price of Bitcoin has been rising since the beginning of 2023, and I believe that it could reach $46,000 before halving and forming strong resistance for the next breakout. However, it is also possible that the price of Bitcoin could decline before the halving, as it did in the months leading up to the second and third halving in 2016 and 2020. After the 4th halving, we can expect a significant upward movement in Bitcoin. Additionally, we can expect ETF approval after the halving, which could further impact the price of Bitcoin and drive it upwards to $200k. Thanks Hexa
BITSTAMP:BTCUSDLong
by HexaTrades
20
🗺️Bitcoin Roadmap🗺️⏰(Daily time frame)⏰👋Hi, everyone. 📈Today, I want to analyze Bitcoin for you in a daily time frame so that we can have a short-term view of Bitcoin regarding the technical analysis . (Please 🌹🙏 respectfully🙏🌹 share if you have a different opinion from me or other analysts). ✅As I expected, Bitcoin started declining from 🟡 Potential Reversal Zone(PRZ) 🟡 after the SEC approval of Bitcoin ETFs . ( In previous posts, I warned you several times that Bitcoin is near the end of its upward trend. ) 🏃‍♂️Bitcoin has been moving in an Ascending Channel for more than a year , and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin. ⚔️Currently, Bitcoin is attacking the 🟢 Support zone($39,000-$37,000) 🟢, SMA(100) and Support line for the first time . Of course, it seems that Bitcoin will NOT succeed in breaking this zone . 📚 Assets generally do NOT break Support and Resistance zones for the first time. 🌊According to the theory of Elliott waves , Bitcoin seems to have completed five impulse waves in 🟡 Potential Reversal Zone(PRZ) 🟡and is now starting to form new corrective waves . 🔔I expect an upward trend in the coming days and at least an increase in the 🔴 Resistance Zone($43,800-$43,000) 🔴. (Bitcoin has had a high trading volume of around $43,400 , which indicates an important resistance for Bitcoin ). ❗️⚠️Note⚠️❗️If the Daily Candle closes below the 🟢 Support zone($39,000-$37,000) 🟢, we can expect further falls for Bitcoin. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
59
Open Interest - Deciphering Bitcoin's Market SentimentIn the ever-evolving landscape of cryptocurrency trading, Bitcoin often serves as a beacon, reflecting broader market sentiment through its dynamic price movements and trading metrics. Today, let's explore the intricacies of Bitcoin's market dynamics by dissecting Open Interest (OI), funding rates, liquidations, and long/short ratios—using current data as our live case study. What do we see? (follow the steps) 1) Price action . Essential to understand it before the usage of any indicator. 2) Open Interest , the total number of outstanding derivative contracts like futures and options, provides a window into market activity. An increase in OI alongside a rising BTC price suggests new money might be entering, potentially signalling bullish sentiment. Conversely, decreasing OI during price drops might indicate a bearish outlook. Currently, we observe a slight uptick in OI as BTC recovers from a dip, hinting at growing confidence among traders. 3) The funding rate , specific to perpetual contracts, reflects periodic payments between longs and shorts. A positive rate, where longs pay shorts, suggests a bullish consensus, as it's costlier to maintain long positions. Presently, BTC's slightly positive funding rate aligns with its uptrend, indicating that traders might be anticipating further price increases. 4) Liquidations occur when a trader's position is closed by the exchange due to a margin call. A cluster of liquidations often follows a sharp price movement, as we've recently seen with BTC. These liquidation spikes could suggest that overleveraged positions have been flushed out, which can sometimes signal a local price bottom and a potential reversal point, paving the way for a more sustained upward trend. 5) The ratio of long to short positions tells us about the prevailing market bias. A ratio significantly above 50 indicates a bullish majority, which is currently the case with BTC. This higher long/short ratio could be interpreted as a market leaning towards optimism. As always, I hope you found this insightful and have a lovely Sunday! ;)
Education
by Lexi_Is_Trading
#BTC/USDT#BTC We have a symmetrical triangle within which the price moves We expect a strong movement, whether up or down If it closed below the rectangle on a 4-hour frame at the level of 42000 By closing the 4-hour candle below, we will head to the 39,000 to 38,500 level. If a 4-hour candle closes at the top of the rectangle at the level of 43500 and the close is above The price is expected to reach 46,500 to 47,000 You must follow the close above or below the rectangle to enter the deal
by CryptoAnalystSignal
BTC/USDT: Brace Yourself! One More Bullish Move Expected 🚀 Bitcoin's price has been steadily dropping from 48k, leaving traders without any signs of bullish momentum candles. However, this may serve as the opportune moment for a cunning market move. 📉 As fear grips the market, buyers remain cautious about entering at these levels. But don't be fooled! There's a high chance we might witness a fake bullish move 🎢 in the coming days. 🚀 Market makers, notorious for their tricks, could shake the confidence of sellers by aggressively pushing the price up. 📈🙀 Once the market sentiment starts to shift, they could execute their shrewd plan and dump Bitcoin to as low as 35k. 😱 Only time will reveal their true intentions. Let's stay alert and see how things unfold.⌛️ Disclaimer: Remember, this is not financial advice, but rather an analysis of current market conditions. Always conduct thorough research and engage in trades responsibly. 💼💰
Long
by Crypto-By-Ghazi
2
BTCUSDT # 043 ( ALL About BTC !!! ) Hello dear traders . Good days . On monthly time frame BTCUSDT this is the last upward move of BTCUSDT. Tow weekly Gann Square passed and now BTC is on the 3rd one and the last one . Every Gann Square Cycle is contain correction . On weekly 3rd Gann Square cycle BTC is on the 3rd Elliot wave which can grow to0.618 Gann Box Fib level around 68200 $ or even the 79400 $ which is 0.75 Gann Box Fib level . After correction 3rd wave BTC can proceed The Final round and grow beyond to the 100% Gann Box Fib level which will be around 100200 $ . Chart is analyzed and map plotted with help of Gann Square and Gann Box . Good luck and safe trades. Thanks for your support and comments.
Long
by SHAlavi
10