BTCUSDC
BTC's Epic Move! This BTC trade, which I shared with you on October 26, didn’t show much movement initially. But yesterday, BTC finally took off and has given over 1.4k+ points in profit so far! 🎯🔥
If you've booked your profits, that's awesome! 👏 Due to TradingView's new update, the post option wasn’t visible on mobile, so I couldn’t give you timely updates.
To everyone who took this trade, share your profits and let me know how you found this setup! Let’s see some epic comments! 🚀📈
BTCUSD/BITCOIN DAY BUY PROJECTION 16.10.24Reason for Bitcoin Bullish
As a result, BTCUSD is the most popular crypto-to-fiat pair, and it serves as the de facto gold standard for the cryptocurrency market; providing the price direction cue for virtually the entire crypto market. In the BTCUSD pair, Bitcoin is the base currency, while the US dollar is the quote currency.
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD FALL TILL 52500.BITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BEAR MOVE due to these reason
there is so support beetween these
two lable so it will easily fall
till 52000 lable
1. It's BREAKING THE SUPPORT LABLE HERE
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
A good selling setup detected on BTCUSD
It's showing a BEAR MOVE due to these reason
1. It's BREAKING THE SUPPORT LABLE HERE
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
there is so support beetween these
two lable so it will easily fall
till 52000 lable
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good Buying detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good Buying detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good Buying detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good Buying detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN PRICE ANALYSIS Bitcoin, the maiden cryptocurrency, is hanging and swinging in level from 62k to 72k for more than 50 days. The geopolitical tension has made steep decline in entire crypto market. Currently there is no clear sign of any direction, viz. Up or Down. So it is better to wait and then take any decision for trade in BTC.
ALTS can be traded according to effect of BTC & its dominance in lower time frame.
Bitcoin: Navigating the Future of FinanceIn the ever-evolving landscape of digital currencies, Bitcoin remains at the forefront, reshaping traditional notions of finance. Its decentralized nature, coupled with technological innovation, continues to redefine economic paradigms, presenting both opportunities and challenges for investors and policymakers alike. Understanding Bitcoin's potential and its impact on the future of finance is essential in navigating this dynamic landscape.
Bitcoin (BTC) technical and fundamental analysisThe price of Bitcoin has entered the 4-hour Imbalance zone, as we warned in all our recent ideas. Consequently, the price has broken above the global descending trendline and moved out of the previous price range. This BTC rally is associated with a significant accumulation of short positions, with the total volume of shorts reaching up to 85% compared to longs. During the upward impulse, short positions totaling over $100 million were liquidated.
Currently, we anticipate trading within the 4-hour Imbalance zone to fill gaps in horizontal trading volume levels. If the price fails to consolidate itself above the resistance block, it's likely go to correction of the recent upward impulse to the 0.61-0.78 Fibonacci levels. During this correction, it may also retest EMA50 and the descending trendline.
However, if buyers manage to maintain their strength and continue the upward movement, we anticipate a test of the next significant resistance block around the psychological level 30,000.
📉 Global view of the Bitcoin market
On the daily logarithmic chart, Bitcoin's price is testing the intersection of the 200-day and 200-week moving averages. If it consolidate above these moving averages, the next target for the upward movement could be a retest of the upward trendline above which lies the 1-week Imbalance zone. In this zone, gaps in horizontal trading volume levels need to be filled. However, to achieve this, buyers will need to overcome the significant resistance block at 30,000-32,000.
It's important to note that the RSI indicators on the 4-hour and 1-day timeframes are already entering the oversold territory, indicating a potential trend reversal on the horizon.
Additionally, it's worth remembering that the Bitcoin price has not yet fully played out the breakout from the bearish wedge pattern. Furthermore, there hasn't been a proper correction of the entire uptrend since the beginning of this year. These factors suggest that the market may still experience significant volatility and potential price movements in the near future. Traders should closely monitor these and be prepared for various scenarios.
Levels long positions:
23,000 - level of the cost zone control point (POC)
22,000 - 0.61 Fibonacci retracement level
20,000 - 0.78 Fibonacci retracement level
17000-19000 - Imbalance zone 1H
Levels for short positions:
29,000-30,000 - 0.78 Fibonacci retracement level
32 000-35000 - Imbalance zone 1W
36,000-38,000 - zone of possible retest of the trend line
40,000 - psychological resistance level
The index of fear and greed is in the neutral zone - 50.
The total capitalization of the cryptocurrency market increased to $1083 billion, and the Bitcoin dominance index increased to 50.53.
According to the analysis of the accumulation of large blocks in order books, the supply and demand zones are located at the following levels:
🟢 Demand zone: 20000 - 26000
🔴 Offer zone: 29000 - 32000
📊 Fundamental analysis
Historical data has shown that October has traditionally been a favorable month for Bitcoin price growth. Currently, there's an active hashtag campaign on social media called #Uptober, indicating optimism among cryptocurrency enthusiasts for a positive trend in October.
Large investors continue to accumulate Bitcoin. According to on-chain analysis, addresses holding between 10 and 10,000 BTC are accumulating coins. This suggests that institutional investors remain bullish on Bitcoin.
In the world of U.S. politics, a compromise bill was passed, preventing a government shutdown at least until November 17th. This news has provided support to all risk asset markets, including cryptocurrencies.
The American stock market initially responded to this news with a slight upward impulse in the S&P500 index, but it was later overshadowed by a decline. Meanwhile, the U.S. Dollar Index (DXY) continues to rise. These factors highlight the dynamic and interconnected nature of the financial markets, with political developments, institutional interest, and seasonal patterns all playing a role in influencing market sentiment and asset prices.
🌐 Upcoming macroeconomic events
The following dates are expected to bring increased volatility in both the stock and cryptocurrency markets:
➤ October 3rd at 17:00 - Job Openings and Labor Turnover Survey (JOLTS) data for August.
➤ October 12th at 15:30 - U.S. Consumer Price Index (CPI).
➤ November 1st at 21:00 - New Federal Reserve interest rate decision.
MFI indicator and how to work with itHello everyone, letit is in touch and today we want to tell you about one very cool indicator.
MFI - (money flow index) is a technical indicator designed to demonstrate the intensity with which money is invested in a security and withdrawn from it by analyzing trading volumes and the ratio of typical prices of periods.
it shows how attractive the asset looks. That is, the degree of intensity of investing money in it. At the same time, only the dynamics of the indicator is important, its value at a particular moment in itself does not matter much.
That is, speaking in simple terms, there is a similarity with rsi, but here it is not so strict in terms of divergences and convergences.
The indicator simply shows the discrepancy between the cash flow and the price of an asset.
Now on bitcoin we can see this discrepancy.
We had growth when money left the asset - this is a signal for a fall.
Therefore, the team and I expect the asset to fall to the area of 21500-20200, and from there it will turn around.
Below are some more examples of discrepancies.
If you liked the article, then put a reaction and write a comment - it will help us a lot.
Bitcoin BTCUSD Wyckoff Accumulation (Long)BTCUSD formed a head and shoulders at the third extention (63k). The target for this formation (32k) was reached last week.
Since then, BTCUSD has sprung off the first extension from a Wyckoff accumulation pattern, currently in Phase C.
Following a retest of 33400, a good surge is expected.
To be updated...