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Bitcoin: BTCUSD bulls eye $68,700 resistance as key week beginsBitcoin's (BTCUSD) recent gains are under pressure as traders await important data this week, including the US Q3 GDP, Fed Inflation, and Nonfarm Payrolls (NFP). However, optimism about post-US election industry regulations and strong ETF inflows continue to support buyers. BTCUSD braces for major upside Although Bitcoin (BTCUSD) buyers take a breather, the prices remain above the key resistance-turned-support, and the oscillators are positive, too, suggesting the cryptocurrency pair’s further advances. That said, the quote’s sustained trading beyond the 100-SMA and month-old horizontal support join bullish MACD signals and an upbeat RSI (14) line, keeping the buyers hopeful. Key technical levels to watch Among the important technical levels, a one-week-old descending resistance line surrounding $68,700 gains immediate attention. Following that, the monthly high surrounding $69,490 and the $70,000 threshold will be in the spotlight. It should be noted that the BTCUSD pair’s successful trading beyond the $70,000 hurdle enables the buyers to aim for the yearly high of around $73,800. Meanwhile, the 100-SMA and aforementioned horizontal support restrict the short-term downside of Bitcoin to around $66,600 and $66,100 respectively. In a case where the BTCUSD prices remain bearish past $66,100, an upward-sloping trend line from early September, close to $63,000 at the latest, will be the final defense of the buyers. An interesting week for buyers Despite positive technical and fundamental signals for Bitcoin buyers, key data and events could introduce volatility, leading to month-end consolidation. Bulls should stay cautious, as they are likely to maintain control of the market.
BITSTAMP:BTCUSD
by MTradingGlobal
Bitcoin Swing Long Update & Levels- Bitcoin is currently trading at 61,739$ - Bitcoin has filled my Fair Value Gap, I want to see the reaction and its behavior after this - We can see a Market Structure shift below 57,500 if we witness a weekly candle below that and the structure is going to turn bearish - Watch out for Spot Accumulation around 58,000-60,000$ - Bitcoin can move impulsively from here as well if the War news gets digested and we see markets bouncing back by next week - The first 2 weeks have always been bearish for the overall crypto market so we need to factor in the same.
BITSTAMP:BTCUSDLong
by VKtradesimbalance
Ethereum Swing Long Update- Ethereum is currently trading at 2697 - Ethereum is highly undervalued in this current market scenario - If we compare Ethereum with other Crypto Majors Bitcoin Solana XRP all of them have recovered massively but Ethereum is still down by 30% from its recent swing high - Ethereum needs to flip 2800$ and its going to be an important zone for ETH to flip for an impulsive leg towards 3600$ where we saw ETH last time tanking from post the ETF Approval - If you are looking for Spot Buys then watch out 2550-2620$ I don't think we should fall below 2300$ but if we do you know what needs to be done - Watch out for spot bids and don't try to short the market in every rise you see, you will get liquidated very bad
Long
by VKtradesimbalance
Bitcoin: BTCUSD pierces 200-SMA, but buyers face challengesBitcoin (BTC) has climbed to its highest level in a month, crossing the important 200-day Simple Moving Average (SMA) early Monday. This rise continues a two-week upward trend, supported by a weaker US Dollar. However, traders are feeling cautious as they prepare for a big week ahead, which includes the preliminary PMIs for September, Federal Reserve (Fed) Chairman Jerome Powell’s speech and the Fed’s preferred inflation gauge. Bulls gain acceptance Despite hesitance due to upcoming data, Bitcoin buyers are gaining confidence after crossing the key moving average. Positive MACD signals, a strong RSI, and a successful rebound from a two-week rising support line are pushing back against bearish sentiment for the cryptocurrency pair. Key technical levels to watch As Bitcoin buyers gain strength, they must overcome a horizontal resistance zone around $65,100–$65,400. If they succeed, the next challenge will be a downward trend line from mid-March, currently near $68,500, before they can aim for the yearly high of about $73,800. Notably, the $70,000 and $72,000 levels will serve as additional hurdles. Conversely, sellers need to break below the 200-day moving average at around $63,900 to take control. However, they will face challenges at the rising support line near $61,000 and the psychological level of $60,000. If they manage to push lower, they might target $57,000 initially, followed by a monthly low of around $52,550. Poised for short-term strength With strong technical signals and a generally weaker US Dollar boosting trader confidence, Bitcoin (BTC) prices are expected to stay solid in the short term. However, a series of resistance levels may challenge the bulls along the way.
BITSTAMP:BTCUSD
by MTradingGlobal
Bitcoin 4H Swing Update Bitcoin is currently trading at 62,836 - Bitcoin needs to flip and close above 65,213$ to flip bullish and discover new prices - On the downside, we can soon see 61,300$ getting tested before we move further impulsively - Bitcoin followed my old path exactly the way I had predicted it to follow - Majorly Twitter and a lot of social media outlets were bullish when BTC was trading below 58,000 and that's where accumulation was witnessed and shorts got trapped - Learning: In order to make money in Spot from the crypto market you need to stop doing what the 99% does in order to succeed and then only you will make extravagant money, Q4 & Q1 has always been bullish for crypto according to Seasonality
BITSTAMP:BTCUSDShort
by VKtradesimbalance
2
Bitcoin: BTCUSD bulls take a breather as FOMC week beginsBitcoin (BTCUSD) has been under pressure for the third consecutive day as traders cautiously approach a crucial week. After briefly halting a two-week losing streak, Bitcoin is struggling once more as everyone eyes the Federal Open Market Committee’s (FOMC) September policy announcement set for Wednesday. Bitcoin buyers lack conviction Be it the repeated reversal from a seven-week-old descending resistance line or bearish MACD signals, Bitcoin (BTCUSD) sellers appear flexing muscles ahead of this week’s key US Federal Reserve (Fed) Interest Rate Decision. It’s worth noting, however, that a weeklong bullish trend channel joins a convergence of 50 and 100 Exponential Moving Average (EMA) to restrict the short-term downtrend of the top-tier cryptocurrency pair. Key technical levels to watch Firstly, a convergence of the key EMAs and the aforementioned bullish channel’s bottom line offers an important challenge to the BTCUSD sellers around the $58,350-200 zone. Following that, Bitcoin sellers can aim for an eight-day-old horizontal support surrounding $55,600. If the bears keep the reins past $55,600, the monthly of nearly $52,550 and the $50,000 threshold will be in the spotlight. On the upside, Bitcoin will first encounter resistance around $60,000 and a downward trend line near $60,300. A successful break above this could lead to testing the bullish channel's top line around $61,900 and the $62,000 mark. BTCUSD sellers to keep the reins Bitcoin sellers remain in control, with the cryptocurrency facing significant resistance and a long, uncertain path ahead.
BITSTAMP:BTCUSD
by MTradingGlobal
GRT Crypto Delighht Investors Wallet With 3x returns By 2024-endCan GRT Crypto Delighht Investors Wallet With 3x returns By 2024-end? Currently, optimism around GRT's price is high, supported by strong fundamentals, on-chain metrics, and derivatives data. This data suggests the beginning of a sustained upward trend, leading to a potential price increase. Recently, GRT's price has surged from the $0.1300 demand zone, which has historically yielded significant returns. From the last quarter of 2023 to the end of the first quarter of 2024, the price saw a remarkable 330% increase. However, in the second quarter, the bullish momentum waned, leading to a decline. This decline formed a tight, narrow wedge, and this week's momentum has increased the chances of a breakout by surpassing the upper boundary and the 20-day EMA on an intraday basis. Given the historical surge from this level, the current momentum could push the price past the 50-day and 200-day EMA bands. Sustaining above the 200-day EMA and the $0.2300 level would signify a change in market sentiment, boosting confidence. Key resistance levels are at $0.2300 and $0.3500, while support levels are at $0.1130 and $0.0750.
COINBASE:GRTUSDLong
by Yash_Jain_1309
Ethereum Accumulation Setup Ethereum is currently trading at 2522$ - Ethereum can easily mitigate its weekly order block to grab more liquidity - Ethereum post its ETF launch has only crashed and not at all moved higher - From 3600-2500$ ETH has got badly slaughtered - ETH over twitter has also become the most hated coin in the crypto industry - ETH/BTC and ETH works hand in hand so keep tracking that as well before you plan to take any entries in SPOT - 2000-2200$ can be a solid purchase and Spot Accumulation Zone for ETH so watch out - I have drawn 2 paths and both them shows ETH will grab more liquidity from beneath
Short
by VKtradesimbalance
Bitcoin (BTC/USD) Price Action Analysis Introduction Hold on to your digital wallets, fellow traders! We're diving into the latest price action of Bitcoin (BTC/USD), where the recent breakout has left us all on the edge of our seats. Let's dissect this chart and see what the crypto king is up to. 🚀💰 Price Action Overview Chart Analysis Current Price: $55,992.52 24-Hour High: $57,027.91 24-Hour Low: $55,909.09 Volume: 111.36 BTC (yup, that's a lot of virtual coins moving around!) Key Technical Indicators Rising Wedge Pattern: A bearish pattern indicating a potential reversal. Breakout Confirmation: Price has broken below the lower trendline of the rising wedge. Volume Analysis: Noticeable increase in volume during the breakout, hinting at strong market participation. Detailed Analysis Rising Wedge Pattern Pattern Description: A rising wedge typically forms during a downtrend and is considered a bearish continuation pattern. Implications: The breakout below the lower trendline suggests that bears are taking control. The support might be a bit weak here, like a soggy cardboard box trying to hold up your crypto dreams. Breakout Confirmation Breakout Level: Around $55,992.52 Implications: The bearish breakout indicates that the price might continue to decline. Time to buckle up, this ride could get bumpy! Volume Analysis Volume Trend: Volume has spiked during the breakout, adding credibility to the move. Significance: High volume during a breakout is often a strong indicator of the move's validity. In simpler terms, the crowd is chanting, and it doesn't look good for the bulls. Support and Resistance Levels Immediate Support: $54,600.00 - Keep an eye on this level; it might just be Bitcoin's life raft. Immediate Resistance: $57,864.53 - The bulls need to conquer this to regain any lost ground. Conclusion Bitcoin has shown a bearish breakout from a rising wedge pattern with substantial volume, indicating potential for further downside. Traders should monitor the immediate support level at $54,600.00 and resistance at $57,864.53 for potential bounce or continuation points. Stay vigilant, and may your trades be as fruitful as a bull market in full swing! Disclaimer This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
COINBASE:BTCUSDShort
by TRADING-NASA
Buy Trade Idea for Crypto BOME Capitalizing on Strong Fundamenta Description Crypto BOME is gaining traction in the cryptocurrency market due to its solid fundamentals and innovative features. Key highlights of BOME include: - **Innovative Technology:** BOME leverages advanced blockchain technology designed to enhance transaction speed and network efficiency, making it a viable option for a wide range of applications. - **Robust Security:** The platform employs state-of-the-art security measures to ensure the integrity and safety of transactions, protecting users from potential threats. - **Scalability and Low Fees:** BOME’s architecture supports high transaction throughput with minimal fees, providing a cost-effective solution for both small and large-scale transactions. - **Expanding Ecosystem:** The BOME ecosystem is rapidly growing, with an increasing number of decentralized applications (dApps) and strategic partnerships that drive its adoption and utility. These strong fundamentals make BOME a promising candidate for a buy trade, offering potential growth and a solid foundation for future developments. Disclaimer Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
Long
by MoonTradingForecast
Buy Trade Idea for Crypto POPCAT - Capitalizing on Strong FundamDescription Crypto POPCAT (CPC) is quickly gaining traction in the cryptocurrency market, driven by its unique value propositions and solid fundamentals. Key aspects of Crypto POPCAT include: - **Community-Driven Project:** Crypto POPCAT benefits from a highly engaged and active community, which plays a crucial role in driving its adoption and popularity. - **Innovative Reward Mechanisms:** The platform incorporates novel reward mechanisms that incentivize user participation and engagement, fostering a vibrant ecosystem. - **Scalability and Efficiency:** CPC employs advanced technology to ensure high transaction speeds and scalability, making it capable of supporting a large number of users and transactions. - **Low Transaction Fees:** The network is designed to keep transaction costs low, offering an economical option for users and developers alike. These strong fundamentals make Crypto POPCAT an appealing buy opportunity for investors seeking to leverage its potential for growth and widespread adoption. Disclaimer Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
Long
by MoonTradingForecast
Buy Trade Idea for WIF (Crypto WIF) - Exploring Strong Fundament Description Crypto WIF (WIF) is gaining traction in the cryptocurrency space, supported by its robust fundamentals and innovative technology. Here are the key highlights of WIF: - **Cutting-Edge Technology:** WIF incorporates state-of-the-art blockchain technology that enhances transaction speed, security, and scalability, making it a reliable choice for users and developers. - **Decentralized Network:** The WIF platform is fully decentralized, ensuring transparency, security, and resistance to censorship, which are crucial for maintaining user trust and network integrity. - **Active Development and Community Support:** WIF benefits from an active development team and a strong, supportive community, which drive continuous improvements and adoption of the platform. - **Low Transaction Fees:** The WIF network is designed to offer minimal transaction costs, making it an efficient and cost-effective solution for users engaging in both small and large transactions. These strong fundamentals suggest that WIF holds significant potential for growth and adoption, presenting a compelling buy opportunity for investors. Disclaimer Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
Long
by MoonTradingForecast
2
Buy Trade Idea for Crypto MOG - Capitalizing on Solid FundamentBuy Trade Idea for Crypto MOG - Capitalizing on Solid Fundamentals Description Crypto MOG (MOG) is capturing the attention of investors with its strong fundamental features and growth potential. Here are the key aspects of Crypto MOG: - **Innovative Technology:** Crypto MOG leverages advanced blockchain technology to enhance transaction speed, security, and scalability, making it a robust platform for various applications. - **Decentralized Ecosystem:** The project supports a diverse range of decentralized applications (dApps) and services, fostering a thriving ecosystem that drives increased adoption and utility. - **Strong Community Support:** Crypto MOG benefits from a vibrant and active community, which plays a critical role in its continuous development and widespread adoption. - **Cost-Efficient Transactions:** The platform's architecture is designed to minimize transaction fees, making it an attractive option for both users and developers. With these solid fundamentals, Crypto MOG presents a promising buy opportunity for investors looking to benefit from its potential growth and expanding market presence. Disclaimer Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
Long
by MoonTradingForecast
The correction is not over in the crypto market one yet to come Current market indicators suggest a bearish trend for Bitcoin, with technical analysis pointing to a potential correction of approximately 20% from current price levels. Historical Context: Examining the cryptocurrency market's performance over the past seven years reveals a notable seasonal pattern. During summer periods, the market has exhibited a bearish trend in five out of seven years, with only two years showing bullish momentum. This historical data lends credence to the current bearish outlook. Technical Analysis: Both weekly and daily timeframes are displaying bearish chart formations, further reinforcing the likelihood of continued downward price action in the near term. Conclusion: While the current analysis suggests a bearish trend, it's important to note that the cryptocurrency market is known for its volatility. Investors should approach this information as one component of a comprehensive investment strategy and conduct thorough due diligence before making any financial decisions.
BINANCE:BTCUSDShort
by princekumar909728
6
Why BTC is going down ? Follow up Today, BTCUSDT has reached one critical point. In the past analysis linked here, we were waiting for two left-behind point, one between 56k and 53k and another below 51k, around 45k. The price recovered the inefficiency, kept the lateral movement on the 60k resistance, consolidated by returning to the 63k level. I was looking for a probable BARR but, as said in the past analysis, the pair had few liquidity and interest point to reach before increase and start the post-halving bull run. The decreasing trend line fake out on the begin of the month can be mistaken for a break out, but the price did not draw a strong BOS and satisfying the fibonacci TP and level on the monthly inefficiency level (purple line). This new bearish movement of the last few days included all crypto pairs. Ethereum, Ripple, Solana, Dogecoin... everyone's price decreased. From a technical point of view, the price have reached our POI, point of interest zones. For Bitcoin we were waiting a recover around 56-53k, which were a inefficiency zone left behind from February 2024. It's impressive the reactivity of the price around our levels, snipers ! There are still areas to cover. On higher tf, the price is creating a M-pattern, indicator for an imminent bearish run. It would be in line with our analysis. The price would cover those missing areas, consolidating and the start a bull run. I am confident on a return around 42k before the long run. I have just a note, a little thing that does not make sense so far : the price in below the Halving-level and this happened just another time before. Anyways, from an historical and fundamental point of view, the price has always increased after the halving (that's the aim). Are there any fundamentals points which have to be essentially consider for a fair analysis ? Are institutions and big whales a turning player for this halving as never before ? Let's see..
Long
by itsmcasalinii
Why BTC is going down ? Follow up Today, BTCUSDT has reached one critical point. In the past analysis linked here, we were waiting for two left-behind point, one between 56k and 53k and another below 51k, around 45k. The price recovered the inefficiency, kept the lateral movement on the 60k resistance, consolidated by returning to the 63k level. I was looking for a probable BARR but, as said in the past analysis, the pair had few liquidity and interest point to reach before increase and start the post-halving bull run. The decreasing trend line fake out on the begin of the month can be mistaken for a break out, but the price did not draw a strong BOS and satisfying the fibonacci TP and level on the monthly inefficiency level (purple line). This new bearish movement of the last few days included all crypto pairs. Ethereum, Ripple, Solana, Dogecoin... everyone's price decreased. From a technical point of view, the price have reached our POI, point of interest zones. For Bitcoin we were waiting a recover around 56-53k, which were a inefficiency zone left behind from February 2024. It's impressive the reactivity of the price around our levels, snipers ! There are still areas to cover. On higher tf, the price is creating a M-pattern, indicator for an imminent bearish run. It would be in line with our analysis. The price would cover those missing areas, consolidating and the start a bull run. I am confident on a return around 42k before the long run. I have just a note, a little thing that does not make sense so far : the price in below the Halving-level and this happened just another time before. Anyways, from an historical and fundamental point of view, the price has always increased after the halving (that's the aim). Are there any fundamentals points which have to be essentially consider for a fair analysis ? Are institutions and big whales a turning player for this halving as never before ? Let's see..
Long
by itsmcasalinii
Celestia Crypto Surrenders Below $5: Key levels to Watch Now?Celestia Crypto Surrenders Below $5: Key levels to Watch Now? Celestia Crypto Crashed Below a psychological level of $5 in intraday today. The weighted sentiment curve has dropped below the zero line indicating a bearish sentiment in domination. At the time of writing, Celestia crypto was exchanging hands near $7.49, indicating a significant intraday fall of 8.17%. Celestia crypto lost major support of $5 and crashed today in conjunction with the broader market's fall. The bulls surrendered after a short struggle near the $6 and the price resumed lower indicating a bearish continuation. By the time of writing, the TIA token had slumped nearly 8.17% and was exchanging hands close to $4.79 level. The live market capitalization of TIA has suffered below $1 Billion to $949 Million. Celestia claims to be the first modular blockchain which allows anyone to deploy their own blockchain with minimum overhead. It has a total supply of 1.053 Billion tokens out of which 194.96 Million tokens are currently in circulation. Weighted Sentiment Curve Turned Bearish Alongwith the price crash in the recent sessions, there has been a significant development in the weighted sentiment curve. As per the data obtained by an on-chain analytics website, the bullish sentiments have faded away due to which the weighted sentiment curve has dropped below the zero line indicating a bearish domination. Moreover, the weighted sentiment curve serves as a barometer for the collective mood of investors and traders, indicating whether optimism (bulls) or pessimism (bears) is prevailing. A positive weighted sentiment signifies a bullish outlook, while a negative one reflects a bearish stance within the cryptocurrency market. TIA Crypto Price Action Analysis TIA crypto has been under a strong selling pressure which is evident after the price crashed below the recent psychological level of $5 level. The price hovers well below all the key EMAs of 20, 50 and 200 days indicating a bearish continuation. Now if the bearish momentum resumes, the TIA price may continue to lose in the short term towards the $4 and $2.8 support levels. A short term surge may turn out as a sell on rise opportunity for the bears. At the time of writing, the RSI line was placed at 25.30 points and that of the 14 day SMA line was placed at 29.08 points. Both the RSI and SMA line points to an oversold scenario. Moreover, a bearish crossover was observed adding more to the worse. Conclusion. Celestia (TIA) token has fallen below the crucial $5 support level indicating weakness on the charts. With the recent fall, the price has dropped to $4.79, with a market cap at $949 million. Moreover, the weighted sentiment curve has dropped below the zero line indicating a shift to bearish bias in the crypto. The TIA price has fallen below all the key EMAs, suggesting a bearish trend may persist. Now, If the downturn continues, TIA could drop to next support levels of $4 and $2.8. The RSI and SMA indicate an oversold condition. Also, a bearish crossover hints at potential further declines. A short term price rise may again turn out as a sell on rise opportunity for the bears.
COINBASE:TIAUSDShort
by Ritika_TCR
Bitcoin Technical Analysis - Bitcoin is currently trading with a very choppy price action. - Investor's sentiment washout has been done for 2 months where altcoins got nuked and beaten down badly - What's cooking next, IMO if you are planning to buy every dip that you see then its better that you do not, crypto in terms of Bitcoin and Ethereum has stayed strong but altcoins are making new lows every day so I prefer adding Bitcoin Solana Ethereum instead of alts - I am going to keep my eyes on 55,000-56,000$ for Bitcoin it might revisit that - Don't forget aggressive short sellers are going to open more aggressive shorts that might lead to another round of shorts liquidation up to 68,000$
BITSTAMP:BTCUSDLong
by VKtradesimbalance