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Bitcoinlong

Bitcoin Channel AnalysisBullish scenario: $64000 is broken and run to $72000. If $72000 is broken, a bull flag formation occurs and 100k is reached. Bearish scenario: Rejection at $64000 and break of both price action support and moving average level at $60000. It drops up to $52000. Since it recovered quickly after the decline below 60k at the beginning of May, I think the bear scenario is not possible except in an extraordinary situation. But we should not forget to put our stops just in case. On the contrary, apart from these two scenarios, it is also possible for Bitcoin to fluctuate in the parallel channel between 73k - 60k.
Long
by YavuzAkbay
Bitcoin - $200.000 price target!Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: More than 4 years ago Bitcoin created a nice bullish ascending triangle formation and broke out above the resistance. This breakout was followed by a +270% move towards the upside. Currently Bitcoin is once again creating a similar ascending triangle formation and is currently retesting upper resistance. We might get a pullback but the overall trend is still very very bullish. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
4
BTC on the way UP Based on the analysis of technical indicators on BTCUSDT chart, a potential price increase can be anticipated. Currently, the Money Flow Index (MFI) is at a low level, which may suggest an undervaluation and a possible trend reversal. At the same time, the Average Directional Index (ADX), which measures the strength of a trend, is showing growth, signaling a strengthening trend. The chart also displays a "bull flag" formation, generally considered as a continuation of the upward trend after a brief consolidation period. Additionally, the recent "cooling off" after the halving event (which cuts the reward for mining bitcoins in half) could be interpreted as an opportunity for accumulation before further growth. Considering these observations and a strong foundation for bullish sentiment, it is expected that the Bitcoin price could reach targets of $90,000 in the course of the year, and may rise to $135,000 to $160,000 per Bitcoin in a longer-term outlook.
Long
by Bitcoinblockchainonline
1
FTX To Return Money To Former Customers FTX customers to get money back: Lawyers for bankrupt crypto exchange FTX said customers will receive the funds lost when FTX went bankrupt in November 2022, plus interest. The payout will likely take months and still requires approval from a bankruptcy judge. Regulator cracks down on Robinhood: The SEC has issued a Wells Notice informing the crypto arm of Robinhood that it will face upcoming enforcement action. Robinhood maintained the crypto token assets in question are not securities and expressed readiness to contest any charges. Grayscale's Bitcoin Trust (GBTC) reverses four-month outflow trend, BTC remains stable: The ETF saw significant new inflows and contributed to a positive shift in the overall spot Bitcoin ETF market. Meanwhile, the price of BTC remained stable over the past week as investors settle into what analyst described as “post-halving boredom.” Binance CEO Richard Teng calls for release of Tigran Gambaryan: Nigerian authorities have detained the crypto exchange’s compliance officer on charges related to illegal transaction. Hacker responsible for stealing $125M from Poloniex in November moves $35.3M worth of Ethereum and Bitcoin: Some of the funds were moved to the sanctioned mixer Tornado Cash, in attempts to obscure the origins of the stolen funds. 🤑 Topic of the Week: Anti-Money Laundering (AML) 👉 Read more here
GEMINI:BTCUSD
by Gemini
BTCUSDT.4HThe 4-hour chart for BTC/USDT provides an excellent perspective on the current market dynamics, highlighting potential trade setups based on technical analysis. Key Resistance and Support Levels: Resistance 1 (R1): $6,729.71 - This is the immediate resistance level which the price needs to breach to confirm further bullish sentiment. Resistance 2 (R2): $7,384.73 - A more substantial resistance level which, if surpassed, could signal a stronger upward trend. Support 1 (S1): $5,906.59 - Acting as the primary support, this level needs to hold to prevent further bearish momentum. Support 2 (S2): $5,608.28 - If S1 is breached, S2 could serve as the next critical line of defense against a deeper retracement. Technical Indicators: Relative Strength Index (RSI): The RSI is currently at 41.28, suggesting that there is potential for upside as it is below the neutral 50 mark but not yet oversold. Moving Average Convergence Divergence (MACD): The MACD is below the signal line, which typically indicates bearish momentum. However, the histogram shows that negative momentum is waning, suggesting that a reversal or consolidation might be near. Trend Analysis: The price is showing a descending pattern, characterized by lower highs, which is evident from the descending trend line. This suggests an overarching bearish pressure. However, the recent formation might suggest a consolidation phase or potential reversal if the price can break the descending trend line and hold above. Conclusion: Considering the technical outlook on the BTC/USDT 4-hour chart, the market is at a pivotal point. Traders should watch for a potential reversal if the price can sustain a breakout above the descending trend line. A successful break above R1 at $6,729.71 could validate a bullish bias, potentially targeting R2 at $7,384.73. However, given the current bearish setup indicated by the MACD, it's essential to remain cautious. If the price fails to break above the descending trend line and falls below S1 at $5,906.59, it might accelerate losses towards S2 at $5,608.28. Traders should consider using tight stop-loss orders to manage risks and possibly wait for a clearer signal, such as the RSI moving above 50 or the MACD crossing above the signal line, before taking more definitive positions.
by MarsSignals
BITCOIN: Target 100k+, IF this happensBitcoin just broke under an important support area of 60k and hit 56k. However, if you look at the chart you can see that we went straight back up to 64k, making a FULL retracement. If you look closer you can notice the exact same pattern happened 25'th of January, followed by a week of sideways movement and then the breakout that sent price all the way to 72k. Last move happened in two big moves: From the first breakout: 42k to 52k, followed by another week of sideways movement. Then the last push from 52k to 72k. Respectively, this represented a 23% move from 42k to 52k. Then 10 days of consolidation in a flag pattern. Followed by a 38% move from 52k up to 72k. If this repeats: First target would be around 78k. Second target around 108k. However we could reach much higher than 108k since Bitcoin moves exponentially during bull runs. My plan to know when to exit, is simply to look out for 3+ days of sideways movement and if price makes new flag patterns (tight ranges), then simply re-enter the position again. For this idea to be valid, look out for: 1. Price to stay within this range of 62k - 66k in the coming 3 - 5 days, before entering *Better entry, but a slightly lower probability. 2. And/Or wait for price to break out from 66k after 3 - 5 days, before entering *Worse entry, but higher probability. Good luck everyone! Like, share and comment if you like this post and want to see more like this.
COINBASE:BTCUSDLong
by naturex1
ZK/USDT (Polyhedra Network) Long Entry!Exciting times for ZK/USDT on the Polyhedera Network! It's been turning heads, securing the #3 spot in Top 20 Coins Searches and claiming the #1 position in Most Visited Coins over the past 24 hours. From a technical standpoint, the recent breakthrough is especially notable. Breaking the descending trendline, which previously acted as a formidable barrier with four resistances, marks a significant shift in momentum. To confirm a bullish trend, however, it's crucial for ZK/USDT to solidify this breakthrough by retesting the support and resistance flip zone highlighted in the blue box. This zone presents a compelling opportunity for a LONG entry, signaling a potential continuation of the upward trajectory. Keep a close eye on ZK/USDT as it navigates these critical levels, and let's see where this momentum takes us! Let's wait for the breakthrough of the support and resistance flip zone highlighted in the blue box and its retest on it. Don't forget to trigger your trade at the retest or meaningful zones such as breaker block, demand zones, or etc. Have a happy trading time!
Long
by TB_Global
8 to 10 new price lowsHey guys and girls, Preamble: You must have a plan, (what are your targets? or where is your stop loss? or ... ) Why? because, without a plan, you tend to make decisions "emotionally" :) My vision: BTC is about to do the unthinkable. Technical Section: Pattern: Bull flag Candlestick Pattern: 8 to 10 new price lows Pattern description: bullish reversal pattern RSI ---> oversold MACD ---> Buy signal Price projections: Buy signal = $ 64700 Target 1 = $ 68000 Target 2 = $ 72000 Target 3 = $ 80000 my vision is clear now. Appendix:
BINANCE:BTCUSDLong
by BTC-XLM
2
Bitcoin January 20211. "Bitcoin is a technological tour de force." - Bill Gates 2. "Bitcoin is the currency of resistance." - Max Keiser 3. "Bitcoin is a remarkable cryptographic achievement." - Eric Schmidt 4. "Bitcoin is a very exciting development, it might lead to a world currency." - Milton Friedman 5. "Bitcoin is a tool for freeing humanity from oligarchs and tyrants." - Roger Ver 6. "Bitcoin is the most important invention in the history of the world since the internet." - Roger Ver 7. "Bitcoin is a remarkable innovation, a digital currency without a central authority." - Gavin Andresen 8. "Bitcoin is a mathematical protocol, a breakthrough in technology." - Andreas Antonopoulos 9. "Bitcoin is a hedge against the world's collapse, a store of value in a digital age." - Cameron Winklevoss 10. "Bitcoin is a rebellion against the monetary system, a revolution in finance." - Unknown
Long
by TrojanBible
DON'T FALL FOR IT!! Can you tell me what's next?Every #Bitcoin consolidation since the bottom has had 3 things in common... 1. Each time, it has created a "retail" pattern, such as a wedge. 2. The pattern seemed to #breakout (signaling traders to go long and becoming trapped), only to realize the move as a #fake-out back into the pattern. 3. Then, there seems to be a continuation to the breakdown of the pattern (liquidating late longs and signal traders to go short and becoming trapped), only to deviate back into the pattern just before a massive move to the upside (liquidating the late shorts). This false move to the downside, so far, has also always correlated to the bottoming of the #StochasticRSI. The market makers want your bags and this is how they get them. ------ Tell me what comes next... 😏
COINBASE:BTCUSDLong
by DoozerInvest