BTCUSDT Long IdeaPlease consider and calculate loss before profit and manage risk properly
We are trying to enter support and resistance areas with the lowest amount of stop loss and the highest amount of expected profits
We have resistance around 23500-24000, if we can pass it, we must make sure that we breach 28000-29000 levels to continue to the target.
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Btcusdlong
Bitcoin Surges to $35,200: Crypto Market Optimism"Bitcoin's price has surged, reaching a 17-month high of over $35,200. This rapid increase of nearly $5,000 in just one day has pushed the total cryptocurrency market value beyond $1.24 trillion. As predictions about a Bitcoin ETF continue to rise, trading volume is nearing the $100 billion mark. Despite the upward trend, warnings about potential risks associated with late buy orders being erased by market makers have been issued. Analysts suggest that this market growth indicates a continued upward trajectory led by Bitcoin. Meanwhile, Steem, a potential alternative cryptocurrency, demonstrated significant potential with a 25% increase, outperforming Bitcoin's 12% rise. Investors are strongly advised to consider investing in Steem. Analyst James Stanley emphasizes the inverse correlation between DXY and BTC, predicting that upcoming Personal Consumption Expenditures (PCE) data on October 26, 2023, could significantly impact BTC prices.
Bitcoin 28000 in August. And when we find the bottom? BINANCE:BTCUSDT
The problem with technical analysis - we have a so much indicators and technics which showed us different numbers.
On candles chart youll see another numbers, with lines totally different, and also on different timeframes either will show one more side of chart, so we dont know which one is correct. BUT
Daily timeframe chart on BTC in Line chart look like this now.
Possible Targets
➡️Downtrend line with 2 perfect touches, waiting third touch, most likely with rejection again around 28000
➡️Between 28000 - 32000 now very strong sellers zone, which I dont think we break in August.
➡️ After test 28000-30000K we can slowly going down but over downtrend line to buyers zone again 19000 by end of September/October
➡️19100 Previews ATH 2017 and around 13100 in 2018 by line chart so I think we will hold the line and dont break this levels
➡️ The crowd is waiting 10-5K the same like Crowd waited 100K - huge trap!
➡️ My most negative scenario is around 15300 in November - test global yearly support line so everyone open short and waiting 10K sure
➡️ After October Im expecting sideways move and total disbelieve on market, so in November we slowly start new cycle.
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[UPDATE BTC] BItcoin/M1 vs GOLD. Do you see it?M1 has caused problems for us BROTHERS. The current market divided by M1 resembles the gold market during a bear market, but it is happening three times faster due to the digital age. Based on this model, BTC may reach 35,000$ in 2023, undergo consolidation until the halving, and then drop to 8,000$ before beginning a new macrocycle.
It is important to note that this is only one of my models and should not be taken as definitive.
Bitcoin technical analysis _ 2023-10-26
Long position
After breaking the resistance at the price of 24851
Entry 35170
The loss limit is 34,200
Risk Free 36145
Saving profit 37110
Profit limit 37645
-----------------------------------------------------
Short position
After breaking the upcoming support and breaking the short-term uptrend line and also after breaking the important support at the price of 33645
Entry 33355
The loss limit is 34,200
Risk Free 32512
Profit limit is 31600
📈Bitcoin weekly prediction, 23K or 30K?📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of $28,000 and then around $30,000.
In this week, bitcoin price continues to move in an ascending channel (in yellow).
]f the price breaks the Bollinger midline, there is a possibility that the price will go down to the yellow area.
Overall, in my opinion, as long as the price of Bitcoin does not fall below the Bollinger midline, there is a possibility that it will go higher.
But if the price loses the yellow zone and the support of $23,000, the level of 22,500 to 21,500 will be a strong support for Bitcoin in the bearish scenario.
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BTCUSDT BINANCE:BTCUSDT
The chart under consideration is characterized by exceptional clarity and detail. An examination of the chart reveals that the bearish weekly trendline was effectively broken, followed by a pullback featuring a hammer candle. The hammer candle was subsequently confirmed with a robust green candle that broke through the purple resistance level and has not fallen below it. The present pricing position is of the utmost importance, as it has the potential to reach a specific area if it successfully overcomes the resistance level. Conversely, if the resistance level rebuffs the price, no growth will occur. In light of this analysis, it is my professional opinion that October bodes well for BTC.
BTCUSD - The Battery is unloadingWeeks ago I posted here and on my website, that CRYPTOCAP:BTC is charging it's "Battery" to unload.
Here we have it, a nice blast to the upside.
Now, beware of the FOMO!
If you missed the entry, you will probably find a better entry in a couple days.
Why not just take this as a confirmation that Peeps are still willing to buy it? Sure, if you are a HODLER then it doesn't matter that much.
But if you are a Trader, a Swingtrader, then it matters.
Wait until News, the "Viral" SOM Hype weakens, and the FOMO crowd rushed in.
Then, when BTC falls down in to the Battery again and everybody pukes the guts out, you can buy buy confidently with both hands, because you have a confirmation that price aims to the Center-Line because of the prior Breakout.
At least that's my plan §8-)
Yes, you could miss the Train.
But hey, there's always another and maybe a better one.
Peace4TheWorld N3rds.
BTCUSD - Over 80% to the CenterlineIf you trade with Allan Andrews Pitchforks, then you know the framework and the rules.
Rule Nr. 1 says: Price reaches the CL over 80% of time.
In the current context of BTCUSD, that means a huge potential on gains if entering the market now or in the near future.
But of course, we can't just trade off of this rule alone.
What else would give us as traders the right to take a Long position in BTCUSD?
Watch how price is stair stepping!
Why does price that?
From the perspective of a Forker, I would say that the pendulum is in a up-swing.
And currently, if you are a trader not a hodler, then there's even a good Risk to Reward ratio, when putting a stop/loss below the last pivot low.
As a position trader, I would say, it's a good level to load the boat even more.
But beware!
If price cant keep up with this steep angle to the upside, and starts to open and close below the Lower Line of the Fork (The L-MLH or Lower Medianline Parallel), then there is a high possibility that price as other plans, than going up to the Centerline (Medianline).
Talk soon... §8-)
BTCUSD 4H : Support further rise upBTCUSD
New forecast
Bitcoin digital credit points increased by 3% during this week trading, achieving its gains for the second day in a row, recording the highest level in a week, in light of the positive sentiment that dominates the asset market.
This is amid growing hopes about the possibility of regulatory authorities in the United States approving the release of a Bitcoin investment fund traded in the “ETF” index during the few periods of suspension.
Technical abstract :
The price of Bitcoin (BTCUSD) did not show any strong movement yesterday, maintaining its stability above the 28345 level, which keeps the bullish trend scenario valid for the coming period, supported by the moving average 50, remembering that our expected targets start at 29255.00 and extend to 30000 , and our target will be activate when price stabilized above 28902 .
On the other hand, you should be aware that breaking and stability under 28345 will stop the expected rise and put pressure on the price to decline again.
The expect range trading for this week will be between resistance line 30018 and support line 28345
support line :28345 , 27987
resistance line : 28902 , 29293
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BTCUSD and the new wave to 30Kthe king of crypto will start the wave up soon and the target as its in the chart 30K
i think BTCUSD finish the down move before the end if this year and even if there is more down will not be lower this 11 to 13K
the buy started since the JUN ,the blue area is the end as i expect
And that makes me think of two possibilities :
The first
that we have finished the bearish wave in June
The second
we are on the verge of the end and we will achieve 22000 and then return to point B the start the up move
please let me know what you think about it
Bitcoin Soars: iShares BTC Trust Listing Sparks RallyBitcoin (BTC) price is surging, gaining momentum after breaking through key weekly resistance. This increase has witnessed the leading cryptocurrency breaching crucial resistance barriers to set its sights on a high price target of $35,000. Bitcoin's price is on the verge of testing the $35,000 mark.
BTC recorded a 17% increase in 24 hours, reaching a daily high of $34,741 on October 23rd. This surge was followed by a rapid decrease to the current price of $32,914, with further upward potential indicated as the Relative Strength Index (RSI) continues to show an upward trend. Increasing buying pressure could extend BTC's high momentum, aiming for the psychological level of $35,000.
BTC Breaking market structureCurrently evaluating BTCUSD and looking for price to clear the 27511 mark, above here we have acceptance of a higher high, after already producing a higher low.
Failure to break above trendline at 27240, could mark a reversal of this brief rally and see us back at support around the 25260 region.
For now awaiting a breakout of the trendline and possible retest, first targeting s/r zone at 28420. With acceptance above this, we could potentially head for yearly highs.
With the news of the highly anticipated Blackrock and Valkyrie ETF's being delayed yet again doing little to effect the market, it seems as though we are primed to head higher once more.
Bitcoin's Comeback: Catalysts AwaitThe impact of the Federal Reserve's decisions on maintaining or reducing interest rates significantly influences the pricing of Gold and Bitcoin. While low-interest rates are generally favorable for Gold as they reduce the opportunity cost of holding the precious metal, Bitcoin's price reactions depend on various factors.
If the Fed's monetary policy responds proactively to economic concerns or recessions, it could drive Bitcoin prices higher. However, there are factors beyond interest rates to consider. A potential rebound is anticipated due to the Bitcoin halving event scheduled for April 2024. Additionally, the approval potential of a Bitcoin ETF just before the SEC's initial deadline on January 10 could act as a catalyst for Bitcoin. Recent reports of approved ETFs quickly boosting BTC by 10% support this notion.
This means that if the Fed chooses to maintain high-interest rates, it might exert downward pressure on Gold prices over time. However, Bitcoin could still sustain its upward trajectory based on other catalysts.
According to Forbes' report, markets and policymakers anticipate that interest rates may only decrease by late 2024. Geopolitical situations and policies also influence the price fluctuations of both assets, making their relationship increasingly intricate. Nonetheless, based on predictions surrounding the Fed's policy decisions and catalysts like ETF approvals and the potential halving-induced price surge, Bitcoin might gradually begin to outperform Gold in the coming year.
BTCUSD🔥🔥🔥INTRA DAY SETUP
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck