Bitcoinlong
Bitcoin to Alltime High?The Weekly Delta is positive and increasing. Bitcoin has had a good rise in the last few days and is in the area above the important 63.000 level.
The seasonality also speaks in favor of Bitcoin at the moment. I take a long position with a narrow risk reward of 1 to 1.92 with potential for more.
Bitcoin - Half way to the $200.000 target!BITSTAMP:BTCUSD is consecutively retesting the previous all time high and breaking out soon.
You all know my life motto: Keep your long term vision. This is especially true when it comes to trading the major swings on Bitcoin. These very volatile short term moves will always give you a false perception of the underlying trend. And the underlying trend on Bitcoin is bullish, despite the recent back and forth at the previous all time high. I do expect a major bullish breakout soon.
Levels to watch: $67.000
Keep your long term vision,
Philip - BasicTrading
Bitcoin hits 4-week highSince breaking above the 200-day moving average and the bearish trend line around the 59,500 mark at the start of last week, Bitcoin has rallied sharply as the bears rushed to exit. Along the way, it has surpassed multiple resistance levels, including 63,800 on Monday. This level has now turned into support, indicating bullish price action.
In recent days, Bitcoin had been consolidating its gains from the past couple of weeks. However, today it has risen again, surpassing yesterday's high of 65,130, which is now the nearest short-term support level to watch.
Thus, the path of least resistance for Bitcoin is clearly to the upside as it approaches potential short-term resistance around the 67,000 area. The key resistance area is around the 72,000 mark, which Bitcoin has struggled to break convincingly after several attempts in the past few months. Nonetheless, the overall price action appears bullish, and an eventual breakout seems likely.
By Fawad Razaqzada, market analyst at FOREX.com
Bitcoin Daily TF Currently, Bitcoin is facing Support around my key level of $54,600, which coincides with the 0.5 Fibonacci level. Once Bitcoin closes above the 200-day moving average, it is expected to gain momentum and rise towards the top of the channel.
After breaking through the channel, Bitcoin is likely to continue climbing, then experience a pullback, before ultimately surpassing its previous all-time high and setting a new record.
BTC will surge direct 72500$ Hi folks, as usual we are sniping a golden entry on btc
Bitcoin tested the support area and grabbed liquidity from there. The price will pump hard due to the FOMo coming with news, The resistance area is $62,800, and the support area is $63,900
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BTC - 1h View of my ideaThe idea is that stop-loss are below these wicks
meaning liquidity to shift LTF momentum
also gaps / order blocks below which mean an imbalance
between buyers and sellers.
When it happen price should close above inside the previous blue OB
(625xx) to validate my price action theory.
Bitcoin Price Breaks $63,000 Following Assassination AttemptBitcoin Price Breaks $63,000 Following Assassination Attempt
In a dramatic turn of events, the price of Bitcoin surged past $63,000 following an assassination attempt on former U.S. President Donald Trump. This unexpected spike in Bitcoin’s value has captured the attention of investors and analysts worldwide, highlighting the intricate relationship between political events and financial markets.
The incident occurred during a campaign rally in Pennsylvania, where a gunman opened fire, targeting Trump. Fortunately, Trump survived the attack with minor injuries
Market Analysis
Analysts have linked the rising price of Bitcoin to improved odds of a Trump election victory. Trump’s pro-crypto stance has made him a preferred candidate for many Bitcoin advocates.
Exchanges saw heavy trading volume as Bitcoin broke above its 200-day moving average, a technical level viewed by many as a bullish signal.
Bitcoin’s recent price movement is part of a broader trend of volatility in the cryptocurrency market. Earlier this month, Bitcoin’s value had dipped to lows near $53,000 due to Mt Gox pay out and German government action with Bitcoin. However, the cryptocurrency has shown resilience, bouncing back and regaining its footing above $60,000.
Investor Sentiment
The assassination attempt on Trump has been described as a “black swan event” by some crypto commentators, referring to its unexpected nature and significant impact on the market.
Investors are now closely watching the market to see if Bitcoin can sustain its current momentum and potentially reach new all-time highs.
Future Outlook
Looking ahead, the future of Bitcoin remains uncertain but promising. If Trump continues to gain political traction and maintains his pro-crypto stance, Bitcoin could see further gains.
However, it’s important to note that the cryptocurrency market is inherently volatile, and external factors such as regulatory changes, technological advancements, and macroeconomic trends will continue to play a significant role in shaping Bitcoin’s trajectory.
Conclusion
The recent surge in Bitcoin’s price following the assassination attempt on Donald Trump underscores the complex interplay between politics and financial markets. As Bitcoin continues to evolve and gain mainstream acceptance, events like these will likely become more common, reflecting the growing influence of cryptocurrencies in the global economy.
Investors and analysts will be keeping a close eye on future developments, particularly in the political arena, as they assess the potential impact on Bitcoin and other cryptocurrencies
BTCOf the opinion BTC has entered into marco w5 of the HTF (3) wave. The (3) is set to hit $90-$110k .
For now the marco 1 has entered into a diagonal pattern which is a combination of ABC 3 waves inside of an impulsive 5 wave structure.
I have the local top at $61,000 before a pull back to $54-$56,000 for marco 2 of 5 of (3)
The rise of Bitcoin will be the rise of $ENJ and $EFI Let me tell you why I will only give you ten reason why Gamification (not p2e) is the new narrative next year, it will foreshadow something that is big for 2025 to make a great comeback for p2e games.
1. Gaming is a $200B+ industry primed for NFT and blockchain disruption enabling true ownership of in-game assets.
2. High demand for using real-world IP from global brands like Star Trek, Formula 1, and gaming IPs in tokenization efforts as RWAs.
3. Recent ruling that NFTs can represent legal ownership brings regulatory clarity for blockchain assets backed by real assets.
4. Next billion crypto users more likely to first access web3 through gamified experiences vs trading/DeFi products initially.
5. Value accrual to decentralized gaming platforms and token incentives rather than centralized game publishers alone unlocks new growth.
6. Combining decentralization benefits with existing fun gaming experiences and communities supercharges adoption.
7. Success of trailblazers like Axie Infinity demonstrates blockchain gamification viability.
8. Facebook rebranding to Meta signals wider market realization of token metaverses and blockchain games as the future.
9. Enjin simplifies game asset creation across 50+ chains while handling complex token economics and distribution.
10. Over $100B in NFT trade volume last year shows exponential increase; gaming and gamified NFTs poised to grab market share.
Now this is my short thesis for Enjin and EFI token.
1. Next-gen Enjin Wallet integrates Efinity and Polkadot parachains to enable advanced NFT support.
2. JumpNet launch provides free, eco-friendly blockchain custom-built for NFTs, removing gas fees barrier.
3. Multiple collaborations continue with brands like McLaren Racing introducing NFT fan engagement within games.
4. Growing ecosystem of projects leveraging Enjin for tokenized gaming assets and experiences.
***I supposedly not post this publicly but I will give it for free, it should be for my community only but here you go.*** FEAST my brothers and sisters.
BTCUSD Bullish Robbery PlanMy Dear Robbers / Traders,
This is our master plan to Heist BTCUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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BTC Long - Take Profit Targets (Short Term/Scalp)🚀 CRYPTOCAP:BTC Update: Soaring High! 🚀
My positions are crushing it! 🤑 Time to start locking in some gains. 😎
Scaling out in these zones:
#BTC: $59.5K - $63.5K 🎯
Already de-risked 25% as we hit the lower end of my targets. Smart money secures profits along the way! 😉
Remember, this is NOT financial advice. Do your own research and trade responsibly! 🧠
Thank you
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BTC → Bitcoin to $40,000? Or to $80,000? Let's Answer.Hello everyone, I am back! I spent the last couple of months finishing the trading course, which is now live. With that project complete, I am back to the analysis!
My Bitcoin Weekly analysis has not dramatically changed since March 25th. Bitcoin is now staring at the $65,000 to $74,000 resistance zone. A double top has formed after three pushes up, and we have closed below the Weekly 30EMA.
How do we trade this? 🤔
We ought to be looking for a long entry since Bitcoin is bullish on this timeframe. We now have three completed pushes toward the upside ending with a double-top in the resistance zone, we need to at least wait for a two-legged pullback toward the Support Zone between $40,000 and $45,000. Once successful signal and confirmation candles close above the Weekly 200EMA, it's reasonable to enter a long position at a 1:2 Risk/Reward ratio. Stop loss should be set below the Weekly 200EMA at $32,350, the first take profit at 1:1 Risk/Reward at $51,600 where the stop loss is moved to your entry price, then the final take profit at $61,300 before the Resistance Zone at $65,000.
💡 Trade Idea 💡
Long Entry: $42,000
🟥 Stop Loss: $32,350
✅ Take Profit #1: $51,600
✅ Take Profit #2: $61,300
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three pushes up into the Resistance Zone at $65,000 - $74,000
2. Double-top reversal pattern completed inside Resistance Zone
3. Weekly close below the 30EMA, more confirmation of a pullback
4. Wait for a two-legged pullback toward the 200EMA in the Support Zone between $40,000 and $45,000
5. RSI is near 49.00 and below the Moving Average. Wait for contact and a final drop toward 40.00 in concurrence with the price action to enter.
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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2. Chart Analysis
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Bitcoin Price Nears 200-Day SMA: Bullish Signal on the Horizon?
Bitcoin (BTC), the world's leading cryptocurrency, has been on a rollercoaster ride in 2024. After a strong start to the year, prices dipped below the crucial 200-day Simple Moving Average (SMA) in early July, sparking concerns about a potential bear market. However, recent price movements suggest a potential bullish reversal, with Bitcoin again hovering close to the 200-day SMA.
The 200-Day SMA: A Key Indicator
The 200-day SMA is a technical analysis tool investors use to gauge the long-term trend of an asset's price. It's calculated by averaging the closing price of Bitcoin over the past 200 days. This metric helps smooth out short-term price fluctuations and provides a clearer picture of the overall market direction.
Historically, the 200-day SMA has played a pivotal role in identifying bull and bear markets for Bitcoin. When the price trades above the 200-day SMA, it's generally seen as a bullish signal, indicating an upward trend. Conversely, prices consistently falling below the SMA suggest a bearish market.
Bitcoin's Recent Price Movements
In early July, Bitcoin dipped below the 200-day SMA for the first time since August 2023. This triggered anxieties among some investors, questioning the sustainability of the current bull run. However, it's important to note that such temporary dips below the SMA have occurred during previous bull markets.
For instance, in 2016, Bitcoin fell below the 200-day SMA for three months before embarking on a significant upward trajectory that culminated in the 2017 bull run. Similarly, in 2023, Bitcoin dipped below the SMA in August but recovered shortly after, continuing its bull run through the end of the year.
Reclaiming the 200-Day SMA: A Potential Bullish Signal
The current situation presents a critical juncture for Bitcoin. It could be a significant bullish signal if the price can successfully reclaim the 200-day SMA and maintain a position above it. This would suggest a continuation of the current bull run and potentially pave the way for further price increases.
There's historical precedent for such a scenario. In early 2023, Bitcoin successfully reclaimed the 200-day SMA after a brief dip, marking the beginning of a strong bull run that lasted throughout most of the year.
Factors Supporting a Bullish Outlook
Several factors contribute to the potential for a bullish reversal. Firstly, Bitcoin's underlying fundamentals remain strong. The network continues to experience steady growth in hash rate, indicating strong miner participation and network security. Additionally, institutional adoption of Bitcoin is on the rise, with major investment firms and corporations increasingly recognizing its potential as a valuable asset class.
Secondly, the recent price dip could be attributed to short-term market corrections and profit-taking by some investors. These temporary fluctuations are natural occurrences within any bull market and shouldn't necessarily be interpreted as a sign of a long-term bearish trend.
Looking Ahead: Important Considerations
While the current price movements suggest a potential bullish outlook, it's crucial to maintain a cautious and realistic perspective. The cryptocurrency market remains highly volatile, and unforeseen events can trigger significant price swings.
Investors should closely monitor economic factors, regulations, and industry developments that could impact Bitcoin's price. Additionally, conducting thorough technical and fundamental analysis is essential before making any investment decisions.
Conclusion
Bitcoin's price hovering near the 200-day SMA presents a fascinating situation. While a successful reclaim of the SMA could signal an upcoming bullish phase, continued vigilance and comprehensive analysis are necessary. The cryptocurrency market is dynamic, and investors should be prepared for potential volatility. However, the underlying strength of Bitcoin's network and growing institutional adoption suggest that the long-term outlook remains promising.