Possible qhale loading zone??Added a fat stack.
Watched some good volume come in and was part of it.
Also watched a video on FB showing that for $60 currently you can buy what took them months to mine.
If this thing is ready to POP we will know soon.
Mining rewards are diminishing and the price is a normal Alt coin bear market low. I think we see new highsand not too long away.
These type of plays are my favorite. Has more utility than DOGE(whales are dumping currently IMO) ever has had.
NOTHING I EVER SAY IS FINANCIAL ADVICE!!!
Bitcoinmarkets
Bitcoin Eyes $75K as Double Bottom Pattern ConfirmsBitcoin ( CRYPTOCAP:BTC ) has recently formed a double bottom pattern on its price chart, confirming a significant reversal in trend and strengthening bullish sentiment among investors. The two base levels of this pattern correspond to $49,000 and $51,000, signaling a potential target of $75,000. This technical formation, resembling a "W," is often a precursor to substantial uptrends, giving further weight to the positive momentum building around BTC.
Technical Analysis: Bullish Indicators Line Up for CRYPTOCAP:BTC
The double bottom pattern on Bitcoin’s chart suggests that the asset has completed its downtrend, with the recent breakout above the previous peak indicating further upside potential. Currently trading at $69,000, CRYPTOCAP:BTC appears set for continued upward momentum. Beyond the double bottom, additional bullish patterns are forming: a “Three White Soldiers” candlestick formation, consisting of three consecutive bullish candlesticks, and the possible emergence of a golden cross, a pattern where the 50-day moving average crosses above the 200-day moving average. These indicators, when combined, paint a powerful picture of a market ready to climb higher.
With the next resistance zone between $72,000 and $75,000, a push above this range could ignite a rally with a new target of $100,000. BTC’s movement above key moving averages and the clustering of bullish patterns provides robust technical evidence for this optimistic trajectory.
Institutional Inflows and Rising Adoption
Bitcoin’s technical setup is bolstered by strong fundamental support, especially with heightened interest from institutional investors. Over the past month, Bitcoin’s capital inflows surged by 3.3% to $21.8 billion, reflecting increased investor confidence. This influx has driven Bitcoin’s Realized Capitalization to a substantial $646 billion, signaling a shift in sentiment as institutional players show renewed interest in the crypto asset.
Adding to the bullish momentum, Bitcoin spot ETFs saw a net inflow of $998 million from October 21 to October 25, with BlackRock’s IBIT leading with a massive $1.15 billion inflow. Although the ARK 21Shares ARKB ETF experienced a $206 million outflow, the overall demand for Bitcoin ETFs remains strong. By comparison, Ethereum spot ETFs reported a net inflow of $78.89 million during the same period, underscoring the sustained institutional focus on Bitcoin as a long-term investment vehicle.
A Super Cycle in the Making?
As adoption rates increase and Bitcoin’s narrative shifts towards becoming a global reserve asset, some analysts believe that BTC may be entering a “super cycle.” This concept suggests that Bitcoin could break free from its historical four-year cycles, moving toward more sustainable growth patterns that align with traditional financial assets. With adoption, institutional interest, and hash power surging, Bitcoin is gradually maturing into a critical component of the financial landscape.
Conclusion
Bitcoin’s recent double bottom pattern, combined with strong technical indicators and substantial fundamental support, points to an imminent rally. With BTC’s current trading levels and the critical $75,000 resistance in sight, a breakout could signal a larger upward movement, potentially reaching $100,000.
As Bitcoin ( CRYPTOCAP:BTC ) moves closer to integrating with mainstream financial markets, the bullish sentiment appears well-founded, driven by both technical and fundamental indicators that suggest BTC’s next chapter could redefine its role in global finance.
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Trade Idea for BTCUSDMy sentiment about BTCUSD is firmly bullish.
I plan to utilize probabilities to strategically position myself into long positions. This approach allows me to leverage statistical analysis and market behavior to enhance my trading decisions.
Several key fundamentals are currently influencing the market in a direction that aligns with my bullish bias on BTCUSD:
Institutional Adoption: There has been a notable increase in institutional interest in Bitcoin, with major firms investing heavily. This trend suggests growing confidence in Bitcoin as a long-term asset.
Economic Uncertainty: Global economic conditions remain volatile, leading many investors to seek alternative assets like Bitcoin as a hedge against inflation and currency devaluation.
Technological Advancements: Innovations in blockchain technology and increased acceptance of cryptocurrencies for transactions are contributing to a more robust ecosystem, enhancing Bitcoin's utility and attractiveness.
Conclusion
In summary, my bullish stance on BTCUSD is supported by both statistical probabilities and current global fundamentals. By strategically using probabilities, I aim to position myself advantageously in the market. This method not only enhances my trading strategy but also aligns with broader economic trends that favor the growth of Bitcoin.
Let’s dive into the top-down analysis together! Your thoughts and feedback are always welcome!
1D:
Hourly Timeframes:
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History is being made and people don't seem to care In the past week we've seen CRYPTOCAP:BTC amazing performance defying all the odds ( not mine obviously) and recovering what seemed to be a historical crash
Now we are seeing history being made Bitcoin will certainly make a new higher high surpassing the 74k level
It's just a matter of time, and it will be explosive (huge candles)
DEEP/USDT strongest Altcoin - more gains to come?At this time, DEEP, a SUI supporting coin is one of the strongest Altcoins in the market.
With BTC at key breakout level, DEEP/USDT could lead to further gains and continue it's trend higher, if it will not break lower. Given the momentum in DEEP, I think we can see 0.1 by the end of the week and further gains in a longer time period.
Always enter at your own risk and remember that investing and trading is risky.
DEEP remains strong. Because they buying - I am buying.
After all, deep pockets buy deeeeeeeep.
BITCOIN - the road map !We will explain the market situation and what is happening in the currencies in this post
And why you should not sell even at 80k or 120k
This is the most important post I will write and share with you. I will return to it in the future to prove to you the truth of what I am saying.
As you know, 67-71k have accumulated very heavily and all the bears have gathered there and formed massive supply areas
Therefore, market makers are emptying this area and absorbing the existing supply, so you see the currencies falling or not moving because the whales are withdrawing liquidity from the currencies and directing it to buy Bitcoin
Also, professional traders and smart money will not enter at resistances and supply areas. They are waiting for a breakout of 73k and confirmation to move
Therefore, you see this great stagnation in the market and on all alternative currencies
Of course, there is something called floating supply, meaning that Bitcoin will rise to 80-90-100 thousand, and there are still bears selling strongly.
After breaking 100 thousand, selling will stop, bears will surrender, and Bitcoin's Dominance will stop rising completely. It is expected to stop at 60-61%.
After that, we will see levels of 130k -140k, and a correction of approximately 20-28% will occur for Bitcoin, but not for currencies, because a violent collapse will begin to acquire Bitcoin's dominance and transfer liquidity from Bitcoin to currencies. After that, Bitcoin will begin to rebound and currencies will begin to explode.
It is normal to see every week double and double and explosions everywhere, and currencies within a few months will hit 10x-20x-30x-50x-100x for each currency and its performance and strength. Here we are in the end of the bull market and at the end of the ALT season.
And you must know intuitively that this is what happens now is positive behavior.
Because we know that explosions don't happen in currencies, madness, FOMO, and memes explosions except when Bitcoin is close to achieving a peak and we all saw the March peak...
in march peak Currencies in some sectors such as AI and memes rose from 3x to 50x so Imagine the if new ATH IN BTC then
BEST regards Ceciliones🎯
Bitcoin Breakout or Pullback Zone Before Heading Higher? In this video we examine the current Bitcoin chart at resistance.
Most likely, we retrace here for a bit and then push higher into the next resistance zone of around $70k and possibly to retest the previous ATH zone @72k - 74k.
Lots of sell pressure at the previous ATH which can also be seen on the Total Market Cap, using our Order Block Detector.
Not much happening now and until we can find the money flow and volume to push up.
Many people likely waiting for the election on Nov 5th, which coincides with the market cycle low according to our Market Cycle models (based on Hurst's research).
Let me know your thoughts below, and please like the video.
- Brett
Bitcoin Surges 2% to $68K as Tesla Transfers $760M Bitcoin StashBitcoin’s price experienced a notable 2% surge, reaching $68,000 after news broke of Tesla moving its entire Bitcoin ( CRYPTOCAP:BTC ) holdings worth $760 million. The event marked Tesla's first Bitcoin transaction in over two years, sparking speculation within the crypto space. Is this merely a security measure, or could it have larger market implications?
Tesla Moves $760 Million from Public Wallet: What We Know
Tesla transferred its entire Bitcoin ( CRYPTOCAP:BTC ) stash from its public wallet in multiple transactions, a move confirmed by Arkham Intelligence. This series of transactions included $75.18 million, $76.08 million, and $77.16 million sent to unknown wallets. The remaining funds were also dispersed to various wallets, suggesting a deliberate spread across cold storage.
While the move raised concerns about a potential market sell-off, it's worth noting that Tesla could have transferred the funds for security purposes. Concentrating a large amount of ( CRYPTOCAP:BTC ) in one wallet is a security risk, and Tesla may be mitigating this by using cold wallets to protect its holdings. However, without confirmation from Elon Musk, questions linger about the intention behind the transfers.
Impact on Bitcoin and Market Sentiment
Despite the speculation, Bitcoin ( CRYPTOCAP:BTC ) surged 2%, reaching $68K, reinforcing its upward momentum as it heads towards its all-time high (ATH) of $73,000. Tesla’s large ( CRYPTOCAP:BTC ) movements could cause selling pressure if the company were to liquidate its holdings, yet there is no concrete evidence suggesting such an action.
With the US election looming and Bitcoin’s typical “Uptober” rally underway, some analysts predict a potential new ATH before the election. Matt Hougan, Bitwise's Chief Investment Officer, and analysts from Standard Chartered Bank, both expect Bitcoin ( CRYPTOCAP:BTC ) to break above $73,000 soon.
Technical Analysis of Bitcoin’s Recent Surge
As of writing, Bitcoin is trading at $67,810, showing a 1.15% increase over the last 24 hours. The relative strength index (RSI) stands at 68, approaching the overbought zone. Historically, Bitcoin ( CRYPTOCAP:BTC ) tends to perform well in October, a trend that appears to continue with this current rally.
The daily chart highlights a short-term symmetrical triangle, suggesting that a break above the $69,000 resistance could trigger a more aggressive upward move. Should Bitcoin ( CRYPTOCAP:BTC ) surpass this level, the next target is $80,000, which aligns with its previous all-time high. However, caution is advised as key economic reports are expected tomorrow, which could introduce short-term volatility.
Additionally, while Bitcoin ( CRYPTOCAP:BTC ) enjoys its rally, most altcoins have remained underwhelming, either trading sideways or experiencing declines. Bitcoin's dominance in the market continues to grow, and altcoins may struggle to regain momentum unless BTC breaks its current pattern decisively.
What’s Next for Bitcoin?
While Tesla’s Bitcoin movements created a stir, the market remains bullish on Bitcoin’s long-term trajectory. With Musk silent on the exact reason for the transfers, speculation about a sell-off will likely persist. However, as the US election approaches and economic events unfold, traders should keep an eye on Bitcoin's behavior around key levels, especially $69,000 and $73,000.
For now, Bitcoin ( CRYPTOCAP:BTC ) appears poised to maintain its upward momentum, with the potential to reach new highs before year-end, especially if macroeconomic and institutional factors remain favorable.
Conclusion
Tesla’s $760 million Bitcoin ( CRYPTOCAP:BTC ) transfer, though significant, does not seem to have derailed Bitcoin's upward trajectory. With Bitcoin ( CRYPTOCAP:BTC ) continuing to climb toward $68,000 and beyond, traders are advised to watch for key technical levels as the market enters a period of heightened volatility leading up to the US election.
Whether Tesla's moves are simply for security or signal something more, the broader Bitcoin ( CRYPTOCAP:BTC ) market remains bullish, driven by both technical patterns and underlying fundamentals.
Bitcoin Parabolic Bull Run with the Latest 200-Day MA CrossAfter a brief dip below the $60,000 mark on October 10, Bitcoin (BTC) has regained momentum, inching closer to its all-time high (ATH) of $73,700, reached in March of this year.
This price recovery follows considerable volatility experienced by the largest cryptocurrency on the market throughout the year, with significant price swings, including sharp falls of almost 20% on 5 August and 6 September.
The 200-Day Moving Average (MA)
A key indicator to watch for Bitcoin is the 200-Day Moving Average (MA). This technical analysis tool represents the average closing price of Bitcoin over the past 200 days. When the price of Bitcoin crosses above this long-term moving average, it often signals a bullish trend reversal.
Historical Significance
Interestingly, the last three times Bitcoin's price crossed above the 200-Day MA, it triggered a "parabolic bull run." This refers to a period of rapid and sustained price increases, characterized by a parabolic curve on the price chart.
The first instance occurred in 2016, when Bitcoin's price surged from around $400 to over $20,000 within a year. The second instance took place in 2019, with the price climbing from roughly $3,000 to nearly $14,000 in a similar timeframe. Most recently, in 2021, Bitcoin's price soared from approximately $29,000 to its ATH of $73,700.
Current Outlook
Given the historical significance of the 200-Day MA crossings and the recent price recovery, many analysts are closely watching Bitcoin's price action in anticipation of a potential breakout. If Bitcoin successfully breaks above its ATH, it could signal the start of a new parabolic bull run, potentially leading to even higher price targets.
However, it's important to note that the cryptocurrency market remains highly volatile, and past performance is not indicative of future results. Several factors could impact Bitcoin's price trajectory, including regulatory developments, macroeconomic conditions, and investor sentiment.
Key Considerations
As investors evaluate the potential for a Bitcoin breakout, they should consider the following factors:
• Regulatory Environment: The regulatory landscape for cryptocurrencies varies across different jurisdictions. Favorable regulatory developments can boost investor confidence and drive price appreciation, while unfavorable regulations can create headwinds.
• Macroeconomic Factors: Global economic conditions, such as interest rates, inflation, and geopolitical events, can influence the overall market sentiment and impact the demand for risk assets like Bitcoin.
• Investor Sentiment: The prevailing sentiment among investors towards Bitcoin plays a crucial role in determining its price direction. Positive sentiment can fuel buying pressure, while negative sentiment can lead to selling pressure.
• Technical Analysis: Technical indicators, such as moving averages, relative strength index (RSI), and support and resistance levels, can provide valuable insights into Bitcoin's price trends and potential future movements.
Conclusion
Bitcoin's price action is approaching a critical juncture, with the potential to break above its all-time high. The historical significance of the 200-Day MA crossings and the recent price recovery have fueled speculation about a new parabolic bull run.
However, investors should remain cautious and conduct thorough research before making any investment decisions. The cryptocurrency market is subject to significant volatility, and it's essential to consider the various factors that could impact Bitcoin's price trajectory.
BTCUSD Come on Baby, You are Ready to Bullrun1. Current Price Action
Price is trading at around $64,719, approaching the previous all-time high of $67,752.
There appears to be a breakout from a downward wedge pattern, indicating a potential continuation of the uptrend.
The price target projected from this wedge is aiming towards higher levels.
3. Future Price Targets
1.272 Fibonacci extension is marked at $100,214, which seems to be the next major target on the upside if the price breaks above the previous all-time high ($67,752).
The chart suggests that there’s a good probability of Bitcoin rallying towards this level if bullish momentum continues.
4. Trend Analysis
The breakout from the wedge is significant, as wedge patterns often signal the end of a corrective phase. The breakout suggests that the market could resume its bullish trend after the consolidation.
If Bitcoin sustains its price above $67,752, it would likely confirm a new bull run, with Fibonacci extensions providing potential targets for the next leg up.
5. Support Levels
On the downside, the first major support is around the 0.786 Fibonacci retracement at $49,793.
Below that, significant supports include $39,099 (0.618 Fibonacci level) and $32,992 (0.5 level).
Is Bitcoin Preparing for 200k?Bitcoin ha been ranging in a potential bullish flag for months. If the bulls ensures a strong bullish close above the $67,000 this week, this could interest more buyers to rally the price of Bitcoin on the continuation of a bullish swing which would eventually tag the price of $200k based on the MOBJ of the obvious bullish chart pattern detected on the weekly chart
New HBO Documentary Hints at Identity of Bitcoin InventorMarket Update - October 11th 2024
Takeaways
HBO documentary seeks to unveil Satoshi Nakamoto’s identity : HBO released a documentary, “Money Electric: The Bitcoin Mystery,” on Tuesday that suggests an early Bitcoin developer named Peter Todd invented the cryptocurrency.
Crypto.com has filed a lawsuit against the SEC after receiving a Wells notice, claiming the agency has overextended its authority : The lawsuit challenges the SEC's stance that most cryptocurrencies are securities and the agency's regulatory practices.
Bitcoin's price pulled back this week : The US Department of Labor announced that inflation rose 2.4% year-over-year in September, slightly above analyst expectations. Crypto reacted negatively to the news, with bitcoin dropping back below $60,000.
US spot bitcoin ETFs saw $18.66 million in net outflows on Tuesday, led by Fidelity’s FBTC, which recorded $48.82 million in withdrawals : BlackRock’s IBIT was the only ETF to see inflows, with $39.57 million entering the fund.
The head of Hong Kong’s Securities and Futures Commission (SFC) says the body plans to approve more crypto exchanges before the end of 2024 : The news comes after the regulator received criticism for implementing a strict approach to licensing.
New HBO Documentary Suggests Peter Todd is Bitcoin’s Founder
An HBO documentary, “Money Electric: The Bitcoin Mystery,” released Tuesday hints that early Bitcoin developer Peter Todd is the cryptocurrency’s founder and man behind the pseudonym Satoshi Nakamoto. In a clip late in the documentary, Todd denied he is the founder of Bitcoin and continued to deny it in a subsequent interview with Coindesk and other media outlets.
The film provided minimal concrete evidence that Todd created Bitcoin, but focused instead on his technical skills, his love of cryptography, and his relationship with Adam Back, the Blockstream CEO and investor of Hashcash. "Money Electric" director Cullen Hoback also pointed to a 2010 forum post from Satoshi Nakamoto in which Todd responded, arguing that Todd had forgotten to switch his accounts and his post was a continuation of Satoshi’s original post.
"This is going to be very funny when you put this into the documentary and a bunch of bitcoiners watch it," Todd said in the documentary clip while standing alongside Back. "I suspect a lot of them will be very happy if you go this route because it's yet another example of journalists really missing the point in a way that's very funny."
This is not the first time Hoback has made a documentary film about trying to uncover the identity of a secretive figure. For his 2021 HBO documentary “Q: Into the Storm,” Hoback spent three years attempting to find the creator of Qanon.
Crypto.com Sues SEC After Receiving Wells Notice
Crypto.com has officially sued the SEC after the company received a Wells notice from the regulatory agency, which typically precedes enforcement actions. The platform said the SEC's continued regulatory enforcement against crypto companies forced them into taking legal action.
According to Crypto.com, the SEC is unjustly expanding its jurisdiction over digital assets by labeling most cryptocurrencies as securities. The lawsuit is part of a broader industry pushback against the SEC's regulatory approach, which many crypto companies claim is outdated and unsuitable for digital assets.
The platform is far from the first to take such legal action; Coinbase and Consensys have also previously sued the SEC, similarly challenging the agency’s stance on categorizing cryptocurrencies as securities. The SEC has reiterated the need for crypto exchanges to register with the agency, while firms argue that current regulations are impractical for the digital asset sector.
🌉 Topic of the Week: What is Bridging?
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My FINAL Bitcoin chart and Idea (forever)Everyone is too busy focusing on the wrong Technicals. Fear and Greed, RSI, MACD, Stock Markets, etc. All of these are good tools but we have to remember a few things:
1. Zoom out (Bitcoin follows the same 4-year cycle every time... this time is NOT different)
2. Keep it Simple (I'm tired of messy charts, only put what you need for the current timeframe)
3. Avoid Leverage (These areas are too risky and much too volatile... liquidity is getting grabbed at almost every level) Stay safe.
I expect Bitcoin to retrace to $57k and then bounce back up... clear skies ahead if we can break out of this pattern I have drawn up. (If not we keep ranging as follows until we break significantly above the previous ATH)
Peace out! It's been fun... I may return to crypto one day (if ykyk)
Recent Trends in Crypto Options MarketWell, he crypto options market is experiencing a surge in growth, driven by increasing adoption and maturation. Key trends include short-term turbulence versus long-term growth, with a focus on short volatility on elections and long positions on new all-time highs by the end of the year.
Whale Activity
Whales are taking a protectionist approach, with a focus on long-term optimism:
Puts: $40K is the most popular strike price, with 2562.5 contracts
Focus: November 8, 2024, and March 28, 2025
Calls: Bets on FWB:65K -$100K by the end of the year
Currently: Selling volatility at 60K-65K (November 8)
Retail Activity
Retail traders are taking an aggressive approach, with a focus on optimism:
Puts: Weak protection $60K-$61K (October 2024)
Calls: Focus on $95K-$100K (December 2024)
Summary
Short-term Turbulence vs Long-term Growth: The crypto options market is experiencing short-term turbulence, but long-term growth is expected.
Long on New ATH: Whales are taking long positions on new all-time highs by the end of the year.
Data Source for Analysis: Deribit