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Alt Coin Holders are about to become RICH! ALT SEASONBitcoin dominance is topping out and is ready to shed dominance across the market! Expect a hard drop! If the bottom of the wedge is broken then we can expect a major alt cycle! I hope you're READY because alt coins are where the BIG MONEY will be made! Use non-kyc exchange TradeOgre, here is my list of coins to accumulate now! GHOST DAG Coins / $:CAS $:NXL $:SDR $:NTL $:HTN / Tickers are not on trading view All coins across the market will rally together when the dominance melts! My eyes are set on projects that utilize Ghost DAG, Similar to $KASPA
CRYPTOCAP:BTC.DLong
by IIISevens
8
Bitcoin on 4h timeframe - technical analysisFalling Wedge Pattern: The chart shows a clear falling wedge pattern, which is generally considered a bullish reversal pattern. The price has broken out of this wedge to the upside, indicating potential for a significant upward movement. Support and Resistance Zones: The chart features multiple horizontal zones marking areas of support and resistance. The price appears to have found support around the $48,000 to $50,000 range and is currently rebounding. Resistance levels seem to be marked around the $60,000 to $64,000 and $72,000 to $76,000 ranges. Indicators: Volume: There is a noticeable spike in volume at the breakout point, suggesting strong buying interest. VMC Cipher B Divergences: This indicator shows some bullish divergence, with momentum turning upwards after a period of decline. RSI (Relative Strength Index): The RSI appears to have bounced from an oversold region, moving towards the neutral or slightly bullish zone. Stochastic RSI: This indicator is currently moving upwards from an oversold condition, supporting the bullish outlook. Trading Plan Intraday Trading: Entry: Look for pullbacks to the support zone around $50,000-$51,000 for potential long entries. Monitor lower time frames (e.g., 15-minute charts) for confirmation of upward momentum. Stop-Loss: Place a tight stop-loss slightly below the most recent support level, around $49,500 to minimize risk. Targets: Consider taking profits near the next resistance level around $54,000-$56,000, or scale out at multiple levels if momentum remains strong. Scalping: Entry: Focus on entering trades during dips within the intraday support levels, ideally using lower time frame indicators such as the Stochastic RSI to identify oversold conditions. Stop-Loss: Keep a very tight stop-loss to minimize risk, ideally below recent short-term lows. Targets: Aim for quick profits, targeting smaller moves within the $1,000-$2,000 range. Exit positions if momentum starts to fade or if price approaches intraday resistance. Swing Trading: Entry: Consider entering a long position now or on a slight pullback, as the breakout from the falling wedge and the positive indicators support a bullish outlook. Stop-Loss: Place a stop-loss below the recent swing low at $48,000 to protect against any false breakouts. Targets: First target around $60,000-$62,000, with a potential to hold for a move towards $72,000-$76,000 if the momentum continues. The current technical setup for Bitcoin suggests a bullish outlook with potential for significant upward movement after the breakout from the falling wedge pattern. For Long Positions: Consider entering on pullbacks or current levels, with a stop-loss placed below key support areas to manage risk. Targeting the next resistance zones for profit-taking is advisable. Be cautious of any sudden reversals and adjust stop-losses accordingly to lock in profits as the price moves higher. This analysis favors a long position strategy based on the bullish breakout and supportive indicators. However, staying updated with market news and sentiment is also crucial, as sudden market changes could impact this outlook.
Long
by elfabiiani
Bitcoin Daily Timeframe - Daily UpdatesBitcoin is currently trading at transition prices. I am sharing a chart that highlights key price levels and potential scenarios for both short and long positions. I will provide daily updates on BTCUSD. Key Price Levels: Using the Fibonacci series: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, we derive the following levels: 0.5*(55+89)=72 72−55=17 0.5*17=8.5 Thus, the key levels are: 55K, 63.5K, 72K, 80.5K, and 89K. Long Scenario: The current price is 68.2K. According to the downtrend line, the main resistance is at 72K. If Bitcoin penetrates this level, it opens the path to the first target of 80.5K and the second target of 89K, which is the upper side of the uptrend channel on the weekly timeframe. Short Scenario: If Bitcoin fails to penetrate the 72K level, it will likely retest the support at 63.5K. I will provide updates as the situation evolves.
CRYPTO:BTCUSDLong
by Eymen-GUVEN
Bitcoin LongBitcoin is creeping lower and a downtrend appears to be establishing itself in the medium term. But I still think about all-time highs this year. However, I don't currently want to forecast the low before the all-time high. Last week was difficult for long positions. I was stopped out on trailing with small profits and also had a losing trade. I also think that the swing low will remain in the area of ​​53300 on a daily basis and that Bitcoin will take liquidity again for a further price drop for the actual weakness that exists in the market. The big money will get the necessary orders for their shorts. Such a scenario would be possible if the current price is maintained and a second impulse movement follows. Also marked in the Chart. The current trade offers a 3R profit in the short term. And should be closed when the double top and the upper Bollinger band are reached (4 H). Alternatively, for those who are thinking of more upward potential, a gradual scale out and/or trail would be possible on 4 hour swing lows. So the trade could perhaps reach all-time high levels if this was really the low. You can also currently see that a so-called fair value gap has been filled on a daily basis and the price has reached an old value zone. My mapping for the current downward movement shown by the orange box also suggests that the current downward move could be over. So lets see....good trades!
Long
by Edgezone
Fed Signals Possible Rate Cuts, but Crypto Markets Rattled Federal Reserve officials signaled the possibility of a September rate cut during their July meeting: But crypto prices pulled back after Iran pledged it would retaliate against Israel for assassinating Hamas leader Ismail Haniyeh on Iranian soil. Donald Trump expressed strong support for cryptocurrency at the Bitcoin Conference in Nashville: Trump pledged to set up a strategic bitcoin reserve, stop the US from selling its bitcoin, and fire SEC chair Gary Gensler if he gets re-elected. Cantor Fitzgerald CEO Howard Lutnick announced the firm's plan to establish a Bitcoin financing business with an initial $2 billion investment: The initiative aims to provide leverage to bitcoin investors and strengthen the cryptocurrency ecosystem. The nine US spot Ethereum ETFs saw $98.29 million in outflows on Monday, extending their negative flow streak: BlackRock’s ETHA and Fidelity FETH led the inflows, while Grayscale Ethereum Trust faced significant outflows. The SEC is looking to amend its complaint against Binance, which could delay a court ruling on the security status of specific tokens: This move involves third-party crypto asset securities and adheres to a court directive for further proceedings. Fed Signals Possible Rate Cuts, but Middle East Tensions Rattle Crypto Markets Federal Reserve officials at their July meeting on Wednesday opted to keep interest rates unchanged at 5.25%-5%, after the personal consumption expenditures (PCE) price index, a key inflation measure, increased by only 0.1% in June. This brought the year-over-year rise to 2.5%, down from 2.6% in May, moving closer to the Fed’s 2% inflation target. Federal Reserve chair Jerome Powell for the first time hinted at the possibility of cutting rates in September, saying the move is “on the table” if the US continues to make progress on inflation. That would mark the first time the Fed has cut rates in four years. The announcement did not appear to have much impact on cryptocurrency prices. On Wednesday, hitcoin dropped about 2%, below $65,000, while ether dropped more than 1%, hovering above $3,200. The negative price action came after a New York Times report indicated that Iran will take retaliatory action against Israel after Israel assassinated Hamas leader Ismail Haniyeh in Tehran. 🪙 Topic of the Week: What Are Stablecoins? ➡️ Read more here
GEMINI:BTCUSD
by Gemini
BTC going to $70K soon? The price of Bitcoin dropped 3 percent to $64,258 over the past 24 hours, Trading View’s Bitcoin chart shows. The cryptocurrency trend was negative over the past 24 hours after the Federal Reserve hinted at a potential a rate cut in September. The US central bank kept its benchmark rate unchanged at a 23-year high. This means that less risky assets such as bonds generate relatively high returns. “Commentary has been leaning positive toward Bitcoin this week. In fact, this is the highest level of bullish commentary from the crypto crowd since the week of May 15th. The level of optimism from the crowd indicates that many believe $70K BTC is imminent,” the crypto research firm Santiment said. “As crypto investors, we spend a lot of time focused on downside risk. We’re all acutely aware that, at any moment, an event might occur that will drive prices sharply lower. It’s fairly common for people to say that bitcoin ‘could go to zero.’ I think we have to accept that there is now an equal risk to the upside,” Bitwise’s CIO, Matt Hougan, writes in his weekly note following the world’s largest Bitcoin conference held in Nashville last weekend. “If the 2024 Bitcoin Conference conveyed anything, it was this: It’s time to rethink what’s possible for Bitcoin,” he concludes. A strong sun will shine over Bitcoin in the next 24 hours, indicating a bullish trend with buy signals. 🌞  Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
Bitcoin is Ready to Attack the Resistance Zone ==>>Short termBitcoin ended up filling both CME Gaps as I expected. Bitcoin is currently moving near the Support zone($65,500-$64,600) and seems to have succeeded in forming a Falling Wedge Pattern . I expect Bitcoin to attack the Resistance zone($67,540-$66,740) at least once and if this zone is broken, we should expect Bitcoin to reach $68,000 . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
24
NOTUSDT SHOWING POSITIVE SIGNSHello, Welcome to the quick update of NOTUSDT. It was dumping since the last 2 days but as of now it has shown some positive signs with continuous green candles in the 4 HR TF. We can take a position in this with the below details: Entry: 0.0129 to 0.0132 Target: 0.0157 to 0.0169 in the short term and 0.022 to 0.026 in the long run STOPLOSS: 0.0122 Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!! This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits. Please like, share, and comment on this idea if you liked it.
Long
by ScramblerG
Record Bitcoin Open Interest Suggest BreakoutBitcoin's open interest, a metric that measures the total number of outstanding derivative contracts, has recently hit a new all-time high. This significant surge has ignited speculation among market analysts and investors about a potential price breakout for the world's largest cryptocurrency. Open Interest: A Market Sentiment Indicator Open interest is often used as a proxy for market interest and liquidity in an asset. A rising open interest typically indicates growing investor participation and a potential increase in price volatility. Conversely, a declining open interest can signal waning interest and a potential price correction. In Bitcoin's case, the current record-breaking open interest suggests a heightened level of investor engagement. This heightened interest could be driven by a variety of factors, including anticipation of regulatory clarity, institutional adoption, and the halving event scheduled for 2024. Potential for a Price Breakout While a high open interest does not guarantee a price breakout, it certainly increases the likelihood of significant price movements. If the market sentiment remains bullish, the accumulated buying pressure could propel Bitcoin's price to new highs. However, it's essential to remember that open interest is just one factor to consider when analyzing market trends. Other indicators, such as technical analysis patterns, on-chain metrics, and macroeconomic conditions, should also be taken into account. Cautious Optimism While the recent surge in Bitcoin's open interest is undoubtedly bullish, investors should approach the market with caution. The cryptocurrency market is known for its volatility, and price fluctuations can be rapid and unpredictable. Additionally, it's crucial to diversify your investment portfolio and avoid putting all your eggs in one basket. Cryptocurrencies are still a relatively new asset class, and the regulatory landscape is constantly evolving. As the cryptocurrency market continues to mature, we will likely see more sophisticated investment strategies and risk management tools emerge. Until then, investors should stay informed and conduct thorough research before making any investment decisions. Ultimately, the future price of Bitcoin will depend on a combination of factors, including investor sentiment, market liquidity, regulatory developments, and technological advancements. While the current open interest data is certainly encouraging, it's essential to maintain a long-term perspective and avoid getting caught up in short-term price fluctuations. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research or consulting with a financial advisor is strongly recommended before making investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
The Crypto Market is Approaching Escape Velocity Total Crypto Market Cap - CRYPTOCAP:TOTAL ✅Tags 10 month moving average. ✅14 months into a 29 month bull run timeframe. 🎯You can see where we are now v's last two cycles (Oct 2016 & Aug 2020). The road to riches is paved with patience Donald Trump's Recent Key Statements at Bitcoin Conference in Nashville 1. Vowed to hodl the 210,000 BTC held by U.S. Government and use it as a strategic reserve to back the U.S. dollar. 2. Promised bitcoin miners that by the end of his presidency, they would enjoy access to the cheapest energy in the world (presumably to encourage miners to the U.S. and to make the U.S. key to the Bitcoin infrastructure and a main holder of the asset in the world). 3. Trump promised to protect the right to self custody and to establish an bitcoin presidential advisory council. 4. He promised there would be no U.S. Central Bank Digital Currency (CBDC) on his watch. 5. He vowed to free the silk road creator Ross Ulbricht who is currently serving a double life sentence in a Federal Prison for his involvement as founder of the silk road platform (which sold illegal items via CRYPTOCAP:BTC transactions and was shut down in Nov 2014). Ross was aged 30 at the time, and is now 40 and served 10 years jail time for setting up an illegal internet enterprise system. 6. Trump pledged to fire Gary Genlser on day 1 of his term.... Gary is the Chairman of the Securities Exchange Commission (SEC) and has been a major obstacle to crypto acceptance and arguably illegal obstructive towards the approval ETF's, to the point an U.S. federal judge stated the following: " the SEC's reasons for denying an application by Grayscale Investments to list a bitcoin spot ETF were "arbitrary and capricious" and in violation of federal administrative law." Final Note Obviously, all of the above is incredibly bullish, however it also hinges on Donald Trump being elected. Whilst this appears to be a certainty, recent events could have altered history. Just something to keep in mind. At present, the chart looks incredibly bullish and like we are entering the most bullish period in crypto based on last cycles. Hang onto your handle bars, things look like they are about to really kick off. PUKA
CRYPTOCAP:TOTALLong
by PukaCharts