BTC LONG SETUP BTC is likely to give some relief rally in short term. Targets are 63800, 65400, 66000.
Stoploss should be 59600.
BTCUPUSDT trade ideas
Risky Trade Taking Long
TP1 - 69000
TP2 - 77000
SL - 60000
This not a trade idea . Do your own research before taking any trades.
Thank you
Btc Analysis.#Bitcoin Analysis
As Mentioned Earlier $62k - GETTEX:64K was a very important support level and it tested that level.
Now,
From here I'm expecting upside movement, only more bad news can lead a massive dump till $60k with a possible wick.
#BITCOIN Update on Thursday 01.08.2024 A.O.A and Good Evening#BITCOIN Update on Thursday 01.08.2024
A.O.A and Good Evening to All Brothers and Sisters!
#Bitcoin Continue Downtrend/Retracement. And As We Can See Price Perfectly broked and retested our Support Arrow#3. Now Next Level Is The Arrow#4. And We Are Almost There. And After Touching the Level Bitcoin Reverse. I Think till Tomorrow Evening We Have The Confirmations.
#ALTCOINS Continue Dropping down With Bitcoin And On #Alts We Will See A Good Jump Back When Bitcoin Reverse. So At The Moment we Can't open Sell Or Buy Trade. Just Wait For Reversal.
I Wish You All Very Nice Evening
Bitcoin (BTC) technical and fundamental analysis📈 Technical analysis BTC/USDT
The price of Bitcoin has fallen amid the escalation in the Middle East and the decision by the US Federal Reserve to keep the key interest rate unchanged. Previously, during the prolonged July rally, the BTC price approached the upper boundary of the descending price channel but failed to break through. This was followed by a correction. Currently, the price has retraced to the 0.38-0.5 Fibonacci retracement levels, where sellers are attempting to push below the local support level of $62,000. We anticipate a retest of the ascending trendline support, which will determine the direction of the next price movement. If the trendline fails to hold against the sellers' pressure, Bitcoin's price may continue to decline into the 1H and 4H Imbalance zones. These zones have significant gaps at the horizontal trading volume levels that need to be filled. Within this range are also the 0.61 - 0.78 Fibonacci retracement levels, where we expect the local correction to end, provided no new fundamental risks arise, which we will discuss below.
For the price of BTC to resume its upward trend, it needs to overcome the dynamic resistance line of the EMA50 on the 4H chart and consolidate above the upper boundary of the descending price channel, where it has been for the past five months. A stimulus for the resumption of growth could be the release of new inflation data in the US.
📉 Bitcoin market global analysis
On the daily logarithmic chart, Bitcoin's price continues to move within a descending price channel and has locally formed a Double Top pattern. If, during the retest of the lower boundary of the price channel, BTC's price breaks below it, we would expect the Double Top pattern to play out with a move corresponding to its height. The targets for this move could be a return to the 1D Imbalance zone. There, we anticipate a retest of the lower boundary of the price channel, a trend reversal, and a resumption of growth.
If, under the influence of fundamental factors, the local correction evolves into a global one, BTC's price might retrace to the 0.61-0.78 Fibonacci retracement levels. This would close the gaps in the horizontal trading volumes in the 1W Imbalance zone through trading activity.
💠 Analysis of liquidity zones and levels
The index of fear and greed is in the neutral zone - 52.
The total capitalization of the cryptocurrency market fell to $2,209 billion, and the Bitcoin dominance index increased to 56.16.
According to the analysis of the accumulation of large blocks of orders in the order books, the supply and demand zones are located at the following levels:
🟢 Demand zone: 55,000 - 60,000
🔴 Supply zone: 70,000 - 75,000
Levels for long positions:
60,000 - retest of the trend line and large support block
55,000 - 57,000 - large support block
50,000 - psychological level of support
Levels for short positions:
70,000 - psychological resistance level
72,000 - large resistance block
75,000 - large resistance block
80,000 - large resistance block
📊 Fundamental analysis
The Federal Reserve System has once again left the key interest rate unchanged. However, Fed Chairman Jerome Powell confirmed the possibility of a potential rate cut in September, which is good news for all high-risk assets. According to Fed representatives, inflation in the country has moved closer to the target value of 2%. A catalyst for renewed market growth could be the release of new inflation data in the US, which would increase the chances of an interest rate cut in the near future.
At the same time, geopolitical factors have repeatedly negatively impacted Bitcoin's short-term price dynamics. Currently, the cryptocurrency market is under pressure from the escalation of the conflict in the Middle East. However, if the geopolitical situation resolves without a major war, Bitcoin's price could quickly resume its upward trajectory.
🌐 Upcoming Events in the Global Economy
We expect increased volatility in both stock and cryptocurrency markets on the following dates:
➤ 14.08, 15:30 - Consumer inflation index (CPI) in the USA for July.
➤ 18.09, 21:00 - New decision on the Fed interest rate.
📈 Statistics of signals from our AI trading indicator:
The correction in the cryptocurrency market continues. Our trading Indicator, as always in advance, predicted the current price action and gave the most profitable entry points into positions with minimal risk. Thanks to the latest updates, maximum take profit levels have already been taken, and the price movement according to the latest signals on the spot was:
BTC +9.51%
ETH +6.91%
SOL +15.45%
In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
BTC - Super Bullish - 115,000+ Coming Soon?Overview & Observation:
1. Breakout of ATH levels and price sustaining higher levels are signs of strong buyers.
2. A strong trendline breakout candle will be expected.
3. RRR is favourable.
Trade Plan:
1. ENTRY = CMP
2. STOPLOSS = 10%
3. TARGET = 70%++
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
BITCOIN LAST DOWNTREND CYCLEAs Per #Bitcoin 1-day chart analysis, it is CRYPTOCAP:BTC last cycle towards downtrends around $62k-63k approx. within next 4-5days and after that, #Bitcoin starts moving towards their Uptrend cycle of #BullRun, again in Zig-Zag mode of some little Ups-Downs as per #Elliott #ImpulsiveWave with from 5-7 August onwards upto Feb. 2025 and then its #CorrectionWave starts afterwards of #ElliottWaves pattern.
So, take little bit of patience more and just be ready for a big ride of #CryptoMarket Bull-Run soon with #Altcoins market too.
And, always Trade with #StopLoss and #DYOR before investing into any Crypto Assets.
As well,
Like Share and comments on chart analysis too...
#Bitcoin Update on Wednesday 31.07.2024 A.O.A And Good Morning#Bitcoin Update on Wednesday 31.07.2024
A.O.A And Good Morning To All Brothers and Sisters!
#Bitcoin continue Dropping down and After My Yesterday Analysis Bitcoin Has Confirmed the Breakout on 4H Time Frame. And Just Now Has Retest The Brekout(See Last Candle
Whats Next??
Now We Have 2 Supports Arrow#3 and Arrow#4.. But if Price Reverse and Break Arrow#2. Then We Have Again Bullish Scenario. Reason Is Bitcoin has Completed Retracement on 4H but on Daily If Break Arrow#2 then Is Bull Flag.
#ALTS
AS i Mentioned Yesterday #Alts Can Suffer More then #Bitcoin. Many Alts Coin Are Again On Entry Point. Another Opportunity if You Missed The Entries. But i Suggest to Close The Trade If you are On Breakeven. And Reopen again when Price Break and Retest Again.
I Wish You All Very Nice Day.
btc shortdaily trend has been hit with lower highs and deviation to the upside. alts made a lower high on weekly. i am bearish but lets see it play
BTC shortAfter the announcement by the US government to selling of 2 billion worth of Bitcoin, we saw steep decline in the price of Bitcoin. And currently there is no sign of upward movement.
Next target could be 62k.
Bitcoin in Lots of Problems - Stay ALERT!Non- Market factors affecting the BTC price
US Govt has a holding of around 200,000 BTC worth $12 Billion. Yesterday (20-07-2024), they moved 29K btcs worth $2.02 Billion to another wallet and this was the major reason for this dip along with the highest resistance at around $70,000.
There are speculations that the US govt. might sell these transfered BTCs just like Germany. This is a huge fear factor. On the other hand MT gox is also repaying its creditors, this is another bearish thing, because people will sell what they will receive.
Chart Analysis
On the chart you can see 4 circled areas, these are all bearish movements, near range MAs crossing down long range MAs - we have discussed these multiple times in the past, these are death crosses.
At present, btc price is holding and consolidating at the support level 2. Under this we have small support zones -
1-> $65,990 - Fibonacci level 0.786- Helped us in the past.
2-> $65,520 - A past support zone
3-> $64,900- $65,000 -> A liquidity support zone.
4-> A major support zone between $63,200 - $64,000 (also backed by fib level 0.618 at $63,140)
This level has supported the last fall that can when Mt gox made first payment and Germany sold their btc.
This is the biggest support we have at the nearest point.
Since last night, bears were in high power and it is easy to create bearish fall than creating a rise, we have discussed this many times as well.
As of now, the support level 2 is holding the price, all the MAs are anti rise this time and will act as resistance. There are major chances we will go down and see the major support level at $64,000.
Always keep in mind the Market Maker (MM) game. When traders go bullish, they shift the market to bearish mode to liquidate them and when traders are bearish, you would see a sudden rise.
Traders are always fighting against the Market. So when you feel the market is going into blood, get ready to see a sudden spike. This might bring price up bypassing the MAs but will get rejected by the support level 1. Plan accordingly.
#Bitcoin Update On Tuesday 30.07.2024 A.O.A And Good Morning#Bitcoin Update On Tuesday 30.07.2024
A.O.A And Good Morning To All Brothers and Sisters!
#Bitcoin Rejected Again From Old All Time High. And Price Start Again Retracement. Now The Last Candle is Closed Under The Second Support on 4H(See. If Confirm this Breakout then We Can Start Retracement on Daily Time Frame. I Draw Just now The Support And Resistances on Daily Time Frame.(Black Lines)Arrow#1,#2,#4. But We Look After the Black Line If The Breakout of Blue Lines confirm.
#ALTS If This Breakout is Confirm and Price Start Daily Retracement then Alts Can Drop A Bit Too. So As I Suggested Yesterday. Tight your Stoplosses or Put Stoploss on Breakeven.
I Wish you all Very Nice Day
What are the chances of BTC going for $54000 in coming 3 MonthWhat are the chances of BTC going for $54,000
The predictions for Bitcoin (BTC) prices in September 2024 vary significantly among analysts, indicating a wide range of potential outcomes.
Price Predictions for September 2024
Changelly: The forecast suggests that Bitcoin could reach a maximum of $91,539.89, with a minimum price of $58,274.52, and an average around $74,907.21.
AMBCrypto: Their analysis is more optimistic, predicting an average price of $116,791.34, with a potential high of $124,966.74 for the same month.
Coingape: This source aligns somewhat with Changelly, estimating that the BTC price might fluctuate between $58,274.52 and $91,539.89, with an average of $74,907.21.
Summary of Predictions
Minimum Price: $58,274.52
Maximum Price: $124,966.74
Average Price: Ranges from approximately $74,907.21 to $116,791.34
Conclusion
The chances of Bitcoin reaching $54,000 by September 2024 appear quite high, as all predictions indicate that the price will remain above this threshold. The most conservative estimates suggest a minimum price significantly higher than $54,000, while more optimistic forecasts predict much higher values. However, the cryptocurrency market is notoriously volatile, and actual prices can be influenced by numerous factors including market sentiment, regulatory news, and economic conditions.
#Bitcoin Update on Monday 29.07.2024 A.O.A And Good Evening#Bitcoin Update on Monday 29.07.2024
A.O.A And Good Evening to All Brothers and Sisters!
#Bitcoin we Start the Week Very Good. But as Usual Monday Move is Allways Special. In Last 2 Candle price Just Completed the Retracment on Both Supports. Now I Think This Dump Hit a Lot Of Stoplosses. Price Now Slowly Can Starting Reversing From Here.
If Not Then We Have To Wait Closing Daily Candle. Then i Will look For Support and Resistances on Dialy Time Frame.
But Till Now Everything is Normal On 4H Time Frame..
#Alts In this Dump Dropped A Lot Of Dominence of Bitcoin. Thats why #Altcoins are Still Safe. As I Mentioned in My Last Analysis Real Move Of Price Start Now. Monday Evening Candle. But Tight Your Stoplosses. If You are In Profit move them on Breakeven. And Wait Tomorrow Movement.
I Wish You All Very Nice Day.
Bitcoin Needs More Bull Power to Cross $69,800I am sorry I could not publish charts for 2 days, however in my last update I had shared the zones to come. If you have read my last chart idea, you would knew what was going to happen.
When I published my last chart we were at mark X, and I told you that there are chances BTC would move up and try to break the upper resistance and on failure it will retest the support at 1, that is exactly what happened.
A tip : Always keep in mind, when you are trading, you are against the market of pros - The Market Makers. They are not normal traders, they have deep knowledge of the mindset of a normal trader. So when market gains too much green, in market language it is called Trader greed, and when market is too much red, its Trader fear.
So when there is too much green they will drop the asset price and will earn from it, and when the traders are in red (shorting an asset), they will pump the price to liquidate people. You would have seen multiple times. Since I started writing charts, I am always awaring you of zones where this can happen.
Let's talk about the current situation.
At this moment MA20 is holding the price, however this is not the strongest of all MAs. There is a chance that we fall from this zone, and btc try to retest the lastest zone (the light orange zone with red border). The last time this zone was tested it failed, meaning this is not a solid support and hence the responsibility to hold btc price fall goes to MA50. There are very light chances this particular zone has become a good zone, but data does not show enough power here.
As we know, the area of $69,800 is an old ATH of btc, and hence it has a high resistance. It will take atleast 5 attempts in normal cases or multiple hits with a good volume to cross it. Or if super charged bulls enter the market, this can be crossed within a day.
I have told you before multiple times, it is easy to go red and very very difficult to go green.
You can understand it like gravity, its easy to drop a thing than to make it fly.
The MACD as of now shows that Bulls have reduced power and Bears are slowly gaining the control. There are huge chances we might retest the support level 1 with MA 100 hovering over it.
When even market is green, MMs will dump it and when market is red and every one starts to short, MMs will do a sudden pump. Stay ALert!
#Bitcoin Update On Sunday 28.07.2024A.O.A And Good Evening to All Brothers and Sisters!
#Bitcoin Moved Around Our Last Week Closing Range. Yesterday Its Broked The Resistance upper Side But The Next candle Rentered agian. Now We Break Again This Range. And If Confirm then We can Continue Our Bullish Move.
#Alts are Performing Very Good And We Continue Add Coins In Our Signal list. But Real Move We Can Confirm after Tomorrow Evening Candle Close on 4H.
I Wish You All Very Nice Evening
BTCUSD LIVE OVERVIEW (BULLISH)BTC is creating a Dip and its a buying trend so price should Bounce after creating a support on or near trendline.
#Bitcoin update on Saturday 27.07.2024.#Bitcoin update on Saturday 27.07.2024
A.O.A and Good Morning to Brothers and Sisters
#Bitcoin Moved Perfectly how I mentioned Yesterday in My Analysis. Allhamdollilah. Now Both Resistance are Broked.(Blue Area and Old All time High).
What's Next Now??
If Price Confirm This Move Then there is Another Blue Area. And I mentioned all The Resistance Point on Chart. Arrow#1,#2,#3.
#ALTS
Are Moving Perfectly and All Our Signals Growing up. And On The Way I send New Signals and Analysis.
I Wish You All Very Nice Weekend
BTC looks Ready to get a raise towards $68,000With all the obstacles crossed, it looks like BTC is now ready to move towards $68,000 resistance.
We have seen btc moving up taking the necessary correction with every step. For this final step under zone 1, btc has almost done taking the correction and soon will start to penetrate this level to move up now. It has already tried doing that multiple times in the last few hours and failed. It will not be called a fail because these hits help in losening the resistance. Now it should be able to cross the zone 1 and reclaim the support above it. take some time off there before started the next journey which we will cover in the our morning session.
In case, btc moves up we should keep in mind that there is a heavy resistance at $68,700 zone, a past ath zone. So this can and should work as a heavy resistance, pushing the price back to retest the upper level of Zone 1. or if btc kept moving with the same pattern of making steps, it should create such a mini support between the zone 1 and the resistance $68,700.
There seems no chances of BTC retracting back under zone 1 as the market sentiment looks bullish and most of the liquidity is around zone 1 for as of now. So even if BTC fails to rise up, it should not fall from current level.
One very important thing, that I almost forgot to cover, the MAs.
We have seen multiple golden crossovers, I have covered in my past chart. One cross over that we are waiting is 100 MA crossing over 200 MA, and this will bring all the MAs in the perfect order they should be. The order from top to down should be 20,50,100,200. This shows the price is in perfect health and good to move up.
Bitcoin Update on Friday 26.07.2024.Bitcoin Update on Friday 26.07.2024.
A.O.A And Good Morning To All Brothers and Sisters!
#Bitcoin After Completing the Retracement on our Supports and Resistances Bounced Back Perfectly. And Now Broked The Resistence on 4H. And Just Rejected from the Daily Resistance(Black Line).
I think The Opening of US Market Can Puch More The Price and Maybe We Can start Printing again New Highs. On The Way We Have The Resistance Blue Area. And Old All Time High.
#Alts are Doing also Good. We Have Reopend Again The Last Trades On Entry Levels. I will Continue Sending new Signals after Confirmation of Uptrend. Insha Allah
I Wish You All Very Nice Day
