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Bitcointrading

Technical Analysis for Bitcoin (BTC/USDT) + trade planTechnical Analysis for Bitcoin (BTC/USDT) by Blaž Fabjan Descending Trading Channel: Bitcoin appears to be moving within a descending trading channel, with the price gradually testing the lower bounds and trying to break out from this downtrend. The key resistance for a breakout from this descending channel is around the 64,000 USDT level, while the support is close to the 62,500 USDT level. A breakout above the upper channel line would indicate a potential bullish reversal and continuation to the upside. Resistance and Support Levels: Resistance: The primary resistance zone is around 64,333 USDT (marked on the chart). A breakout above this level may result in the next target being around 66,966 USDT. Support: The nearest support level is 62,566 USDT. A breakdown below this could push the price towards the lower support area around 59,544.5 USDT. Momentum Indicators: VMC Cipher B Divergences: This indicator is currently showing some positive momentum with green dots indicating potential bullish divergence, suggesting that the price may increase soon. RSI (14, close): The RSI is hovering around 50, indicating neutral momentum. A break above 50 could indicate a bullish trend, while a drop below could signal a bearish continuation. Stochastic Oscillator: The Stoch (14, 1, 3) shows an overbought condition at 82.78, which may suggest a short-term pullback or consolidation. However, if the upward trend continues, this can be ignored in favor of further bullish momentum. HMA+ Histogram: The HMA+ (Hull Moving Average) is slightly bullish with a reading of 33.0, indicating that the short-term trend may be shifting toward the upside. Volume: The chart shows moderate volume. Higher volume accompanying a breakout above the resistance level will be crucial to confirm the move. Trading Plan: Bullish Scenario: Entry: Consider entering a long position if Bitcoin breaks above 64,333 USDT with confirmed volume. Target 1: The first target would be around 65,000 USDT. Target 2: If momentum persists, the second target could be 66,966 USDT. Stop Loss: Place a stop loss below the support at 62,500 USDT to manage risk. Bearish Scenario: Entry: If Bitcoin breaks below 62,566 USDT, consider entering a short position. Target 1: The first target would be around 61,000 USDT. Target 2: A further decline could push the price toward 59,544.5 USDT. Stop Loss: Place a stop loss above the 64,333 USDT level to minimize potential losses. Summary: Bitcoin is currently at a pivotal point within a descending channel. If the price breaks above the key resistance at 64,333 USDT, there is potential for a bullish breakout targeting 66,966 USDT. However, if Bitcoin breaks down from the 62,566 USDT support, the bearish scenario could unfold, leading to a possible drop toward the 59,500 USDT zone. Monitoring volume and key indicators like RSI, Stochastic, and HMA+ will be important for confirming the direction.
Long
by elfabiiani
Bitcoin - MORE INCREASE? Have to see THIS FIRSTBitcoin has been giving us some positive vibes as buying pressure shows up on lower timeframes. We've even managed to keep the price above $60k - an excellent sign of strength. However, before considering more upside there really is just ONE thing we need to see - higher lows. For as long as we are unable to breakout ABOVE the diagonal resistance zone, we'll just be stair stepping down into a slowburn, slow decline until point 4 is established and we're ready to complete the final impulse wave up (4-5). Making higher lows would result in prices back towards the upper 60's, with a successful retest of the neckline support. EXTRA FOR EXPERTS - Here's how to use the Bitcoin Dominance chart together with the Altcoin market chart to gauge the next direction of BTC: ______________________ BINANCE:BTCUSDT
by CryptoCheck-
3
MicroStrategy’s Bold Bitcoin Play: $700 Mln in BTC AcquisitionIn a move that highlights its unwavering commitment to Bitcoin, MicroStrategy, led by its CEO Michael Saylor, has announced a fresh $700 million debt offering to acquire more Bitcoin ( CRYPTOCAP:BTC ). This marks the second such offering in just one month as the company aggressively expands its Bitcoin holdings. Known for its bullish stance on Bitcoin, MicroStrategy has now accumulated a staggering 244,800 BTC as part of its Treasury Reserve Asset (TRA) strategy. The Latest Debt Offering The newly proposed $700 million debt offering comes in the form of Convertible Senior Notes, which will be available only to qualified institutional investors. MicroStrategy plans to use the proceeds from this offering to redeem $500 million of its 6.125% Senior Secured Notes due 2028. After settling these debts, the remaining funds will be directed toward acquiring additional Bitcoin and other general corporate purposes. This is not MicroStrategy's first foray into issuing convertible notes to fund its Bitcoin strategy. The company has previously conducted similar offerings, raising billions of dollars to support its growing Bitcoin portfolio. In June of this year, it made an $800 million offering, followed by a $1.1 billion Bitcoin purchase, which added 18,300 BTC to its reserves. MicroStrategy’s Unstoppable Bitcoin Streak MicroStrategy began its Bitcoin ( CRYPTOCAP:BTC ) acquisition spree in August 2020, becoming one of the first publicly traded companies to adopt Bitcoin ( CRYPTOCAP:BTC ) as a primary reserve asset. Over the years, the company has consistently used debt to bolster its Bitcoin reserves, reinforcing its belief in Bitcoin as a long-term store of value. This strategy has often paid off for the company, especially in times of Bitcoin price appreciation. Most notably, MicroStrategy’s stock (MSTR) has soared as a direct result of its Bitcoin investments. After recent acquisitions, MSTR’s stock price surged by 18.74%, outpacing the broader market and gaining value even when other stocks faced volatility. Bitcoin’s Current Market Dynamics Despite MicroStrategy's massive Bitcoin purchase plans, the cryptocurrency itself has experienced some downward pressure. At the time of writing, Bitcoin ( CRYPTOCAP:BTC ) is down 2% after showing strength in previous weeks. This pullback is intriguing as it comes amid positive sentiment surrounding Bitcoin's recent performance and broader adoption. From a technical perspective, Bitcoin’s Relative Strength Index (RSI) currently stands at 48, indicating a potential for a bullish reversal. The key pivot point for Bitcoin remains at $70,000, a level that traders and analysts are closely watching. If Bitcoin can break through this resistance, it could set off another significant rally, supported by the increasing institutional interest exemplified by companies like MicroStrategy. Institutional Impact and MSTR Stock MicroStrategy’s continued commitment to Bitcoin reflects a growing trend of institutional adoption of the cryptocurrency. With its relentless accumulation of Bitcoin ( CRYPTOCAP:BTC ), MicroStrategy is making a bold bet on the long-term potential of the digital asset. As more institutions and corporations follow suit, Bitcoin could further cement its status as a mainstream financial asset. For MicroStrategy, its aggressive Bitcoin strategy has not only bolstered its stock but also differentiated the company from its peers. MSTR has consistently outperformed other tech stocks, thanks in large part to its Bitcoin holdings. As the company continues to issue convertible debt and acquire more Bitcoin, investors will keep a close eye on both the price of Bitcoin and the value of MSTR stock. Conclusion MicroStrategy's latest $700 million debt offering underscores its confidence in Bitcoin’s future. With 244,800 CRYPTOCAP:BTC already in its reserves and plans to accumulate more, the company is betting on Bitcoin ( CRYPTOCAP:BTC ) as a core part of its corporate strategy. While Bitcoin faces near-term volatility, the long-term outlook remains promising, especially with institutional players like MicroStrategy continuing to lead the charge. If Bitcoin ( CRYPTOCAP:BTC ) can breach the $70,000 pivot, MicroStrategy’s bullish strategy could prove even more lucrative for both the company and its investors.
by DEXWireNews
The Power of Probability: Navigating BTCUSD Longs with PrecisionSeveral key fundamentals support a bullish outlook for BTCUSD. Increasing institutional adoption of Bitcoin as a hedge against inflation continues to drive demand. There's growing interest in Bitcoin ETFs, potentially broadening investor access. Recent political developments, such as President Biden's unexpected withdrawal from the 2024 election, have introduced volatility in traditional markets, potentially making Bitcoin more attractive as an alternative investment. Additionally, on-chain metrics show a shift towards Bitcoin accumulation, especially among large wallets and long-term holders, suggesting renewed market confidence. I'm utilizing probabilities to position myself for long trades in BTCUSD. By focusing on high-probability setups, I can identify favorable entry points where the risk-reward ratio is advantageous for long positions 1D: 2H: Let's discuss our strategies and learn from each other!
CRYPTO:BTCUSDLong
by Jasminex1x2
BITCOIN: W-shaped recovery targeting Resistance at 68k.Bitcoin is almost overbought on the 1H time-frame due to the current buying pressure but on the 1D chart it remains borderline neutral (RSI = 53.457, MACD = -719.220, ADX = 22.714) suggesting that this rally should technically still have some momentum behind it. The first notable Resistance is the 1D MA50, which should be tested today, but in our opinion will break as it seems that the prevailing pattern since the July High is a W-shaped recovery. In addition the market has formed a Triple Bottom Zone on the July 5th, August 5th and September 6th Lows, a quite interesting feat as there is a 1 month gap between each. That favors the development of the last part of the W-shaped recovery. Once a 1D candle closes over the 1D MA50, we don't expect any Resistance until the LH Zone. Our target is at the bottom of that zone (TP = 68,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
INDEX:BTCUSDLong
by InvestingScope
BTCUSD: Inter chart neutrality gearing up a 95k rally.Bitcoin is neutral both on its 1D technical outlook (RSI = 48.160, MACD = -1368.400, ADX = 31.563) and 1W (RSI = 48.050, MACD = 1334.200, ADX = 25.395). This strong neutrality right after the price hit and held the 1W MA50 for the second time in 30 days, technically suggests the forming of a bottom. This time the bottom was after a 0.618 Fibonacci pullback, deeper than the previous three main corrections since 2022 (twice on the 0.5 Fib and once on the 0.382). This could indicate that the rally that will follow might be stronger but even if the +92% 'minimum' is pursued, Bitcoin will come very close to the 100k mark. We are long, TP = 95,000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
BITCOIN: Elliott Wave & ChannelGreetings, everyone.😉 I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory" . ✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag" ✔️ Current wave in development: Y-c-3 ✔️ Projected upward range: 93K ~ 101K The rationale behind this analysis is as follows: Zigzag patterns typically move within a parallel channel. The first zigzag wave, which started from the 15K level, adhered precisely to this parallel channel. As a result, the likelihood of a complex correction occurring is considerably high. Based on these observations, I have constructed this particular scenario. It is an illustrative representation of potential market behavior, grounded in established technical principles. Wishing you all the best of luck. This is not a buy or sell recommendation. It is a personal perspective and should be used for reference only. All decisions and responsibilities lie with you.
Long
by Killer_Whales
BTCUSD (BITCOIN) Objective: The goal is to take advantage of the Wave 2 correction and prepare for the upward move in Wave 3. Entry Strategy: Buy Limit Order: Place a buy limit order at 56,078.55, which is a key support level and likely the end of Wave 2. Secondary Buy Limit Order: Consider placing a secondary buy limit order at 53,485.95 in case of a deeper correction. Profit Targets: Take Profit 1: 59,816.63, which is the first resistance level and a good point to secure partial profits. Take Profit 2: 69,000.00, a major resistance level where Wave 3 may complete its upward movement. Extended Target: 80,000.00, which could be the next move if Bitcoin breaks above 69,000.00. Stop Loss: Stop Loss: Place a stop loss below 49,351.27, the invalidation level. If the price falls below this level, the wave count is no longer valid.
BINANCE:BTCUSDLong
by TradingDame
Bitcoin - Bitcoin is waiting for an important week!Bitcoin is below the EMA50 and EMA200 in the 4H timeframe and is trading in its descending channel. After reaching the supply range, Bitcoin has moved in its downtrend and is currently oscillating in its corner pattern In case of risk off sentiment in the US stock market or withdrawal of capital from Bitcoin ETFs today, we can witness the continuation of the downward trend. You can enter sell trades after breaking the bottom of the specified pattern In case of risk on sentiment in the US stock market or investing in Bitcoin ETFs has led to the failure of the pattern in the upward direction and it is possible to enter Bitcoin purchase transactions It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
COINBASE:BTCUSD
by Ali_PSND
Crypto and Bitcoin Market Update - Price Forecasts and MoreIn this video, I cover where I think the markets go next, including Bitcoin, ETH and Solana. And how the NASDAQ:IBIT has become similar to the !CME in terms of how price tends to fill any gaps. Nobody else is talking about this, but see for yourself and start tracking the IBIT gaps on a 4 Hour chart -- You'll be amazed. I also share potential paths, likely a dip first, then push higher toward ATH. And a new study I've been refining based on liquidity and timing cycles, showing we're very close to a major move upward in Bitcoin and the rest of the market. Howerver, I feel the biggest bang for your $ will be BTC, SOL, and ETH from here. Let me know what you think, and please like the video.
COINBASE:ETHUSDShort
by BrettFogle
9
Bitcoin BTC price can repeat the growth fractal from 2020-21?The fall of stock markets and the crypto market on 📉"Red Monday" 05.08 was called the most painful since the beginning of the Covid-19 period in March 2020. Who we are to argue with "analysts and giants of financial thought"?) We have copied the fractal of OKX:BTCUSDT price behavior since March 2020 and applied it to the current situation. 😱 And it's a "magic", at now everything is very well relevant Then we "seasoned" the chart with the marks when the Fed rate could be cut, namely: 18.09, 08.11, and 18.12. and added a "little" fibo levels that can work well in the future, because they worked well in the past. And here's what we're getting: 1️⃣ for the next week, the price of #BTCUSD shouldn't fall below $52,000 2️⃣ growth acceleration after the first Fed rate cut. 3️⃣ 2025 should be greeted with the price of CRYPTOCAP:BTC around $77000 4️⃣ and by the end of 2025, it would be nice to see $154000 for CRYPTOCAP:BTC Write comments under the idea and put 🚀 to subscribe, and watching how it will work out. And the more reactions will be under this idea, the more interesting idea updates we will make ;)
by P_S_trade
10
#BTCUSD/H4 BTCUSD opportunity to buy backBTCUSD analysis on 12/08/2024: BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity. The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200. Recommended orders: Plan 1: LONG BTCUSD zone 56300 - 56600 SL 56000 TP 57700 - 59000 - 60000. Plan 2: LONG BTCUSD zone 53000-53200 SL 49600 TP 55100 - 57700 - 60000.
FX:XAUUSD
by wetdyerap
2
$30K BTC before end of 2024 is Coming and How to survive the falIf you find this helpful, don't forget to follow and support us with a like. It’s clear that buyers are struggling, but the pattern of lower highs and lower lows is concerning if they intend to push for $100k before the end of 2024. It feels like sellers are playing a strategic game, and here's why I think market makers might be up to something. If you’ve been following my Bitcoin analysis, you’ll know that the GETTEX:48K support target was hit, with the next range likely being $43k to $38k. You can read more about this short target here: I previously called for a target drop from $74k to the $30k support, predicting bounces from strong support levels. Five months ago, when I first advised selling at $74k, many in this community called me foolish, accusing me of hating Bitcoin. But I’m a businesswoman focused on making profitable decisions, not getting emotional about any coin, Bitcoin included. I’ve stuck by my predictions, and I’ll continue to update you based on the MT Pandora's Box strategy. Stay tuned—this rejection at the $GETTEX:64K-$62k range is likely to push prices down to the $FWB:42K-$38k support.
BINANCE:BTCUSD.PShort
by MachiavelliTrader
DON'T LOSE HOPE: BTC LOVES DecembersOver the past few years, BTC has shows affinity for Decembers. If you've been following for a while, you'll know I've been on about this "multi-month" cycle that eventually leads to another BTC ATH before the bearish cycle starts. And it's been exactly that - a mulltimoth period of sideways trading and corrections. However, considering how BTC usually increases in Decembers I'm inclined to say we may yet see our final ATH in the last quarter of the year; specifically towards the end of the year. Currently in the 4h, we can see a strong V-shaped recovery after a dip to 49 000. The dip doesn't bother me in the least bit, because this is the original target I had from Elliot Wave analysis months ago: We're still making higher lows, and even if we trade just over and under 60K for a period I will sleep easy. _______________________________ BINANCE:BTCUSDT
Long
by CryptoCheck-
2