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BITCOIN: Pullback before another rally?Hi Traders! The trend is bullish on the main time frames, but today we will only follow intraday chart (Log Scale). That said, from a technical perspective, CRYPTOCAP:BTC is forming a 12345 bullish impulse structure, and we are currently in wave 3. If our analysis is correct, Bitcoin could trigger a corrective structure (ABC or ABCDE Pattern) in short term before developing another rally. On 1H chart we showed the support area and the potential amplitude of wave 5. OUR LONG TERM ANALYSIS =======================
Long
by TheAnonymousBanker
6
BITCOIN Bullish UpdateBITCOIN price made a bullish move from $42,800 and is currently close to resistance area around $47K, so after a bullish move as well as price close to resistance, I expect the price to do a little correction before resuming bullish trend, And if bullish pressure is to high price might continue its bullish trend without correction. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSDLong
by Stargazer_fx
3
BTC Drop loadingI wasn't expecting the price to rise so much, but doesn't matter. As we has seen lot of times, it's squeezing some shorts. And as always, the higher the squeeze, the deeper the drop. I don't think it will broke above previous high (but i can be wrong), but what is sure is that is going to drop soon. It's clearly a bull trap, and it can go up a bit more before dropping. 41k is my main target, and invalidation will be clean break above 49k. Most important, don't long now.
Short
by SaliJournal
BTC: Bracing for a Correction, Eyes on Key Fibonacci ZoneHey everyone! 👋 Today, we're diving into BTC's latest moves. I've spotted some intriguing signals that suggest a correction might be on the horizon. Let's break it down. First up, BTC has hit a significant daily order block (OB), which is often a precursor to a shift in price direction. For those who've been tracking, this OB has been a critical area to watch. Now, here's where it gets more interesting: BTC recently grabbed liquidity from a major monthly liquidity (LQ) level. This kind of liquidity grab is a classic move before a potential reversal. So, where do we expect BTC to head? I'm eyeing the 0.7 to 0.79 Fibonacci retracement zone. This area is not just a random pick; it aligns with the most recent monthly OB. Plus, it coincides with the psychological level of $30,000, a number that traders and investors alike pay close attention to. Why this zone? Well, the 0.7 to 0.79 Fib levels are often where prices find a strong reaction, either for a bounce-back or further decline. It's like a battleground where bulls and bears pause and think about their next move. What makes this scenario more compelling is the combination of these technical elements: the daily OB hit, the liquidity grab, and the alignment with a strong Fibonacci zone. It's like a confluence of factors coming together. But remember, folks, trading involves risks and uncertainties. This analysis is based on current market observations and past patterns. Markets can always surprise us, so it's crucial to stay informed and flexible. In summary, keep a close eye on BTC as it approaches the 0.7-0.79 Fibonacci zone around $30,000. This could be a pivotal moment, offering insightful clues about its next major move. Trade smart! 👍 Disclaimer: This is not financial advice. The content is for educational and informational purposes only and does not constitute trading or investment advice. Always do your own research and consult with a financial advisor before making any investment decisions.
CAPITALCOM:BTCUSDShort
by MatthewSeremetis
BITCOIN showing short term bearish signs.....BTCUSD price got rejected from the descending trendline and resistance area, If price stays below the support, we can expect the price to move lower towards support area.. In case, price breaks and close above the blue zone, price will be bullish.. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSD
by Stargazer_fx
5
Bitcoin 2024: A Comprehensive Analysis of Potential Investment..Bitcoin 2024: A Comprehensive Analysis of Potential Investment Opportunities In the ever-evolving landscape of financial investments, the emergence of cryptocurrency, particularly Bitcoin, has become a focal point for serious consideration. Despite its current valuation hovering around $42,400, a more nuanced examination reveals compelling factors that position Bitcoin favorably for potential gains in 2024. Navigating Regulatory Approval: In a significant development on January 10, 2024, the Securities and Exchange Commission (SEC) granted approval for the Bitcoin Future ETF. This regulatory endorsement introduces standardized contracts, providing investors with a structured vehicle to engage with the cryptocurrency market through Exchange-Traded Funds (ETFs). Adapting to Market Volatility: Against the backdrop of an election year, historically associated with heightened market volatility, astute investors are compelled to adopt a diversified approach. The prevailing uncertainty surrounding candidates and their policy proposals often triggers notable fluctuations in specific sectors. Cryptocurrency, notably Bitcoin, emerges as a compelling option, particularly when certain sectors, such as technology, exhibit signs of overvaluation. Bitcoin's Strategic Catalysts: The SEC's approval of cryptocurrency ETFs marks a crucial validation for the digital asset class, potentially initiating a bullish trend. Additionally, the impending Bitcoin halving, a recurring event where miners' rewards are halved, historically induces heightened buying activity, surpassing previous price highs. The convergence of election-induced market dynamics, regulatory advancements, and the upcoming Bitcoin halving presents a strategic outlook for cryptocurrency in 2024. Strategic Investment Considerations: With the potential for Bitcoin to breach six-figure valuation, notwithstanding its notable surge in 2023, a prudent consideration for investors involves assessing its current standing. The SEC's validation, coupled with election-induced market dynamics and the impending halving event, positions Bitcoin as a noteworthy asset class for those willing to navigate a degree of speculation. Our Idea Long positions Above $38000 Area with targets at 45000 & 50000 in extension.
BITSTAMP:BTCUSDLong
by FOREXN1
5
BITCOIN rejected strongly from weekly resistance, more downBTCUSD price has shown strong rejection from the resistance area , currently price is in a correction mode, after reaching the resistance area(shown in the map), if price shows rejection, we can expect the price to move lower the nearest support area around $41,000 and if price breaks below the the support price may continue lower towards $37,500 area. Weekly chart Weekly close shows strong bearish sign, price made a shooting star on weekly chart, after a correction, price may head lower. Daily Chart Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSDShort
by Stargazer_fx
2
Will Bitcoin bullish?Bitcoin is in an ascending channel in the 4-hour time frame, now at the bottom. It seems that according to the volume it has collected from the bottom of the channel and according to the fundamental news, we can imagine a bullish view of it. ************** This is not a recommendation to buy or sell or to invest, it is only placed to increase your information. Investing in the financial markets requires sufficient training and high-risk acceptance.
BITSTAMP:BTCUSDLong
by babakghafouriofficial
BTC Preparing for the Correction before Halving?Currently, BTC broke the internal (4H) uptrend market structure. 📉 Higher Timeframe (1D) Low not broke yet which is around 40k. (Which remaining uptrend) 📈 But internal market structure broken, and now it could try to retest the 50-60% fib level with the huge Fair Value Gap (FVG) as a confluence. BTC also now in multiple trend line support, so we can aspect the upside movement attest the confluence FVG level. (Black Marked Zone)
COINBASE:BTCUSDLong
by ARS-ALGO
BITCOIN TO GO SHORTBitcoin just broke through the inflection point towards the value area and has reacted with the value area. This could mean that there is a very high possibility of Bitcoin going short for the next months. This means that 2024 could overall be a "short" year for BTC. So what could this mean for investors concerning Bitcoin ?, Firstly it means that if price presents opportunities to buy , we could expect short asset holding periods on Bitcoin. Secondly, this first quarter will be the best time to sell of BTC assets as the prices for selling Bitcoin for the year may currently be at its highest value. Thirdly, the 4th quarter of the year might be the best time to buy BTC at low and good prices for holdings. I provide personal BTC investment advices, so if you will want more insights and information on when to buy, hold and sell your Bitcoin assets, kindly DM me here on trading view and i will reach out . Also if you found this information helpful please do like , share and comment on your thoughts and do follow me for more as well. Thanks for reading
FOREXCOM:BTCUSDShort
by jarzzyfx
Road to financial freedomThe recent increase in price of Bitcoin (BTC) from the oversold area is a strong signal of a new bull market. With the current price at $23,369, the technical analysis suggests a potential rise to $240,000 or even higher in the next few years. The chart shows a possible month-to-month movement of BTC, reinforcing this bullish outlook. Additionally, increased interest and adoption from both the public and private sectors in the cryptocurrency market are positive indicators for Bitcoin's long-term prospects. Overall, the trend for BTC is bullish, and the future looks bright for the largest cryptocurrency by market cap.
INDEX:BTCUSDLong
by Joy_Bangla
7
BTC/USD Local Work - 44,700 until January 17. Triangle 17% Time frame 1 day. Until January 15 (the key date mentioned earlier) there will again be pumping of info space and opinion on the acceptance / non-acceptance of the spot ETF by the US Securities Commission (SEC). Hence, the next round of "hunger games" will be opened after the New Year on January 5-6. Line chart. On bitcoin, under the resistance zone of 44,700 (key and symbolic) an ascending (bullish) triangle is forming at the moment. It is worth noting that above this resistance accumulates a huge liquidity from stop-loss shorts, which can serve as "fuel" for the impulse (breakout of it). This triangle is forming near the resistance of the large ascending channel (percentages shown). Local percentages taking into account this formation and key support/resistance levels are shown. The ascending channel and this local trading situation in it. (part) BTC/USD Local trend 11/19/2023 Altcoins and the $44,700 breakout . If this liquidity is removed and the 17% triangle works its way up (even with a false breakout to channel resistance) - ALTCOINS EXPLODE in the moment and "overtake the market". Especially the low and medium liquid ones (which are swinging even now, when bitcoin is in the zone of doubt and uncertainty). Liquid, large capitalization, HYIP (crowd is planted) — of course not now (i.e. price rise or fall only according to the market trend no more and no less). Triangle break down through a false breakdown or without it. . The first stop zone 38 -36 thousand to the bullish meridian (will be relevant later), which is the middle of the ascending channel. Not now (but worth reminding). Money and risk management. . Maximum reduction at the moment of capitulation for long liquidation, as well as by the way shorting of futures and margin positions when reversing by a large % (“needle takeout”), before the transition to the participation phase (price movement of 2024 targets to 2025 distribution zones) and a significant correction in the trend (does not break it) is a dynamic support of this huge ascending channel, which is the zone 28-26 and even 24 depending on the time of realization (the channel is ascending). When trading, earning, remember about this logical probability and set aside at least 30% of the profit in stablecoins. This happens when it is not expected (efficiency). Futures and the penalty for greed. Be careful with futures, so that the growth of the numbers drawn by the exchange on the screen of the futures account does not put your vigilance to sleep. Observe risk management. Always withdraw part of your profits to margin with reduced risk or to spot. When cashing out, don't be greedy. Otherwise, you simply burn time (money from you at zero will be taken away in the moment). In cross and isolated margin, always keep the risk low . In moments of “market panic” this indicator will change to high. Medium risk to liquidation). Have stablecoins to refill collateral at the “peak” of fear. Another option is knocked out stops (of all positions or part of them) as a body of collateral. Remember that in sharp movements, stops may fail or partially fail due to price slippage (make a large stock pitch, especially on low liquid cryptocurrencies). It is worth noting that hedging by opening a short position may not work due to the speed of market movement at such times. This is done by a “manipulator” at a time when few people expect it, i.e. on the positive side. If you have time to open a hedge — great. If not — all of the above.
by SpartaBTC
2