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BTCUSD You will get another opportunity to buy if you missed thiFew are looking into what has perhaps given historically the most accurate results on Bitcoin, the 1M timeframe. Technically, it has just gottern out of neutrality and turned bullish (RSI = 56.333, MACD = 1504.800, ADX = 27.300) suggesting that the market is past the dangers of the previous Bear Market and has already started the Bull Market. The current rally is being performed on an October rebound on the 1M MA50. It is not over yet, there are high probabilities of peaking between December and January. Looking at the 1M LMACD, the benchmark is the Bullish Cross that was formed in June (2023). Every prior Bullish Cross, initially delivered a rise then minor pull-back and eventually the final parabolic rally of the Bull Cycle. We have measured the bottom of the LMACD on each Cycle to its peak and the previous two have been 25 and 27 months in duration respectively. A 25 month estimate for the current Cycles gives us a peak projection for March 2025. We can't of course be certain of the exact peak price but what the LMACD has shown is that every Cycle High is priced when the LMACD hits the 10 year LH trendline. Best to realize profits on your Bitcoins near that level. Before that, Bitcoin should give us one final pull-back going into the new Halving (April 2024), so that will be your new opportunity to buy if you missed the entry on the current rally. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
1
Bitcoin: Thoughts and Analysis Today's focus: Bitcoin Pattern – Ascending Triangle Pattern Support – 33,780 Resistance – 34,717 - 35,480 Hi, and thanks for checking out today's update. Today, we are looking at the Bitcoin on the daily chart. Today's focus mainly focuses on the ascending triangle pattern we are seeing in the current up-leg. Could this set up a new breakout that retests the channel top and last week's high? We have laid out a few scenarios we are watching this week from price in its current pattern. The two main thoughts are a new push higher. Or a pattern fail and a new push lower. Overall, we are remaining bullish due to last week's firm leg higher. If selling does develop, we will look for new higher lows to set up new continuations higher in the longer-term up leg. Good trading.
EIGHTCAP:BTCUSD
by Eightcap
BTCUSD: Overbought on weekly but does it matter?BTCUSD has turned overbought on its 1W technical outlook (RSI = 70.463, MACD = 1620.000, ADX = 29.717) as it made a new annual High. This is not the only technical benchmark it achieved as it formed a Bullish Cross on the 1W MACD and crossed over the formed support that turned into resistance emphatically. We see the same repetitive pattern on both prior Cycles. As long as the 1W MA50 is supporting (which it has since March), then a 1W MACD Bullish Cross on this level initiates a parabolic rally. So be careful with trading Bitcoin technically on the current price levels as the overbought weekly technical indicators may not correct any time soon. This chart shows that if anything, Bitcoin is entering a phase of aggressive growth, even though the official timing has historically been post-Halving. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
3
Bitcoin (BTC) / Daily Insight for next 6 Month / 28-10-23Bitcoin (BTC) *In this analysis I used the Binance Perpetual Future Chart In Forecast data at the 1 hour TF closing at 10.00 WIB Price BTC closed in a Strong Bullish condition. I assume BTC still has the potential to retest the $42,000 range with an increase of around 20-23%. This reflects the positive sentiment in the media and also fear and greed market data, where currently BTC is at level 71 (Greed). In terms of indicators and also BTC dex price data there has been a very significant increase in the last 7 days. For spot holders, I think this is the right time to start considering starting accumulation marking, but make sure to be careful by paying attention to previous price history. And for personal opinion, look at the data displayed on the chart. There is still a big possibility for BTC price to move higher to retest the major resistance area before the halving. Important points to monitor: pivot point : $34,449 Support Levels: $33,801 $33,139 $32,491 (Strong support) Resistance Levels: $35,112 $35,759 $36,422
by Bkr12
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
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
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
Are Bears in Control of BTC's Price Movements?As we all know, Bitcoin has experienced an unprecedented rally over the past year, reaching new all-time highs and capturing the attention of both institutional and retail investors. However, recent market movements have raised concerns about the presence of bearish forces attempting to control the price and limit its upward momentum. The idea of bears influencing BTC's price movements below the $28,000 threshold is not to be taken lightly. It is important to remember that the cryptocurrency market is highly volatile and subject to various external factors. Hence, it is prudent to pause and reflect on the current situation before making any hasty decisions. In light of this observation, I encourage you to consider the following: 1. Analyze the Market: Take a step back and conduct a comprehensive analysis of the market trends, including technical indicators, historical price patterns, and emerging news. This will provide you with a clearer understanding of the broader market sentiment and potential bearish influences. 2. Diversify Your Portfolio: While Bitcoin remains a significant player in the cryptocurrency space, it is essential to diversify your holdings. Consider exploring other digital assets that may offer different risk-reward profiles, thereby mitigating potential losses associated with any prolonged bearish pressure on BTC. 3. Stay Informed: Continuously monitor market developments, industry news, and expert opinions. This will enable you to make informed decisions based on a holistic understanding of the cryptocurrency landscape, rather than relying solely on short-term price movements. 4. Exercise Caution: Be mindful of the risks associated with trading in a volatile market. Set clear risk management strategies, establish stop-loss orders, and maintain a disciplined approach to your trading activities. Remember, patience and prudence are key virtues in times of uncertainty. While the notion of bears exerting control over Bitcoin's price movements may raise concerns, it is vital to approach it with a rational mindset. By carefully evaluating the available information and adopting a cautious trading approach, you can navigate these uncertain times with confidence and resilience. I invite you to share your thoughts, insights, and perspectives on this matter. Together, we can foster a community that thrives on knowledge, collaboration, and informed decision-making.
BITSTAMP:BTCUSD
by bryandowningqln
BTCUSD: The key to aggressive expansion.BTCUSD is neutral both on the 1W (RSI = 53.284, MACD = 507.200, ADX = 28.424)) and 1M (RSI = 49.845, MACD = 467.000, ADX = 18.857) timeframes, an encouraging outlook as it is recovering ground from the 2022 Bear Cycle. This is a chart illustrates quite accurately the Cycles of Bitcoin, transitioning from Bear to Bull and vice versa. Right now we are in the retest phase of the Bear Cycle's Support that broke in order to create the bottom. Every Cycle did that retest and in all cases it was performed on the green part (buy level) of the accumulation that preceded the Aggressive Expansion phase. If the top dashed line breaks, the Aggressive Expansion starts. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSD
by InvestingScope
6
BTCUSD: The Huge Pivot Zone will decide its fate.Bitcoin has completed seven weeks of trading inside the 1W MA200 - 1W MA50 range. It is no surprise that the 1W technical outlook is neutral (RSI = 50.743, MACD = 460.600, ADX = 25.554) as while the 1W MA50 has been supporting, the 1W MA100 has been resisting. The latter hasn't closed a 1W candle over it since April 25th and is at the moment the top priority to break for Bitcoin. On a greater scale though, the true Resistance to cross is 31,800 which is the top of what we call the "Huge Pivot Zone" (25,400 is the Support). The price hasn't closed any 1W candle outside of this Zone since it entered it on the week of March 13th 2023. In fact we can go as back as January 2021 and see the importance of this Pivot Zone. In 2022 there hasn't been any 1W candle closing under the top (31,800) of the Pivot Zone. Then in 2022 up until March 2023 this became a rejection level, closing all candles under it, while the Cycle bottom was being formed. With the Bull Cycle HL trendline still supporting (along with the 1W MA50) and the price approaching the 1W MA100, we will soon have a strong breakout signal at hand. But if this is accompanied by a break over 31,800 then we have great chances of going into the April 2024 Halving with prices above $40,000. Likewise a crossing under the HL and the 25,400 Support can break the Bull Cycle blueprint and take us into uncharted (bearish) territory. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSD
by InvestingScope
3
4-Hour Bitcoin Trading: Fibonacci Moving Average (FMA) Strategy Hey there, Bitcoin enthusiasts! Today, I want to share with you about a popular trading strategy that I use everyday, with Fibonacci Moving Average (FMA) numbers. I'll zoom in on the 4-hour chart to get a closer look at how it works. This strategy can provide some valuable insights into what's happening in the market, and I'll break it down step by step. EMA 144 Crossing EMA 233 After a Bearish Engulfing Candle: So, first things first, when we see the EMA 144 crossing below the EMA 233 right after a bearish engulfing candle, it's like a red flag waving at us. This suggests that the selling pressure is building up, and it might be a sign that prices are about to drop. Breaking the EMA 610 Support (Since Jan 2023): Next, we've got the EMA 610. This line has been a strong support level since January 2023. When the price breaks below it, it's like breaking through a safety net. It tells us that market sentiment is changing, and we might be entering a bearish trend. Retests and Rejections: After that, we see a series of retests of different EMAs – the EMA 610, EMA 233, and EMA 144. And guess what? Each time, there's a big rejection. These rejections are pretty significant: EMA 610 Rejection: The first time we try to get back above the EMA 610, it says, "Nope!" This reinforces the idea that this line is now acting as resistance, not support. Second EMA 610 Rejection: We give it another shot, but no luck. The EMA 610 is still saying, "I'm not letting you through." It's like a stubborn gatekeeper. Sideways Movement: Then, we see some sideways action. Prices are stuck between the EMA 144 and EMA 233. It's like a tug-of-war between buyers and sellers. Nobody's sure where things are headed. Drop to Test Support: Eventually, we take a plunge to test lower support levels. This is in line with the bearish outlook, indicating that we're exploring lower price ranges. Pullback and EMA 233 Retest with Huge Rejection: Finally, there's a pullback, and we give the EMA 233 a shot. But it slams the door in our face with a big rejection. This tells us that the bears are still firmly in control. Now, why do we see these rejections? Well, it's partly because of human psychology. Traders who missed the initial breakdown of these EMAs see these retests as a second chance to sell. Plus, big players like institutions and algorithmic traders often pay close attention to these levels, making them even more important. It's like a self-fulfilling prophecy – everyone expects a rejection, so it happens. In a nutshell, the Bitcoin Fibonacci Moving Average (FMA) strategy on the 4-hour chart is a valuable tool for navigating the crypto market. By analyzing things like EMA crossovers, support breaks, retests, and rejections, you can get a solid grasp of what's going on and make smarter trading decisions. Those rejections at key EMAs remind us that technical analysis and human behavior play a big role in crypto trading – it's not just about numbers and charts!
INDEX:BTCUSDShort
by sailortrades
BTCUSD: Is the new rally to +30k about to start?Bitcoin is on the second green 1D candle in a row trading on neutral 1D technicals (RSI = 46.543, MACD = -510.500, ADX = 23.740) despite being at the bottom of the 2 month downtrend, almost on S1 (24,800), which was the June 15th low. There is a significant bullish divergence on the 1D RSI being on HL as opposed to the candles being on an LL trendline. This is an early buy opportunity that will be confirmed when the price closes the first 1D candle over the 1D MA50 (hasn't done so since August 1st). As you can see, this structure is very symmetrical to May-June. We will buy the breakout and target the HH trendline (TP = 32,500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
8
Bitcoin: Thoughts and AnalysisToday's focus: Bitcoin Pattern – Range test Support – 25,600 – 25,280 Resistance – 26,080 – 27,630 Today, we have run over Bitcoin. We have broken down current price action with our thoughts on what we see over the longer-term and short-term price structure. Sellers continue to push at buyers in the short term after buyers made a quick push higher last week, and industry news continues to dominate momentum, with the USD not having such a big impact at present. Will we see buyers continue to hold consolidation and support, or could we see a new move by sellers making a new test lower? Have a great day and good trading.
EIGHTCAP:BTCUSD
by Eightcap
Bitcoin ; Solid support zone.1-Volume Matters One of the key indicators we always keep an eye on as traders is trading volume. It's no secret that strong buying volume often precedes significant price increases. In the context of Bitcoin, a surge in buyer interest can fuel a bullish rally. Currently, Bitcoin is experiencing a period of consolidation, and trading volume has been relatively moderate. As traders, we should remain vigilant and monitor trading volume closely. A sudden spike in volume, especially on the buying side, could indicate a shift in market sentiment, potentially signaling a bullish trend reversal. 2-Solid Support Zones Another crucial aspect to consider when assessing Bitcoin's potential for a bullish move is the existence of solid support zones. In the price range between $24,000 and $26,000, Bitcoin has historically found strong support. This level has acted as a reliable base during previous market cycles. As traders, it's essential to acknowledge the significance of historical price levels. The $24,000 to $26,000 range has consistently demonstrated its ability to attract buyers and provide a cushion against downward pressure. However, it's important to remember that past performance is not indicative of future results, so caution is warranted.
COINBASE:BTCUSDLong
by Gassem_futures