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$IBIT Gap Filled As Forecast (New Leading Bitcoin Indicator?)Proof that this works? So far it's 100% accurate. Every single 'Gap' on the NASDAQ:IBIT 4-Hour chart has filled. Refer back to my prior videos showing this, and while this does NOT mean it will continue to work forever... It's certainly a curious anomoly. And likely works based on the same principals as the CME gaps which typically fill 99% of the time (There's still an unfilled gap on the Bitcoin CME at $9750 as I recall). But who's counting. Going forward, I'll be using this as an additional guide to where price may be heading and potentially reversing to, before resuming trent. Like and share this with your other trader friends, as this has been very interesting to monitor!
NASDAQ:IBITShort
by BrettFogle
1
Centralized Exchanges See Uptick In Trading VolumesMarket Update - September 6, 2024 Takeaways The market faced a broad decline over the past week:  More than $162 million in crypto liquidations occurred last weekend, primarily from long positions, as US bitcoin ETFs experienced net outflows totaling $276 million. As of Thursday, the price of bitcoin had dropped to nearly $56,000. The SEC has expressed concerns over FTX’s proposed distribution of stablecoins to creditors:  While FTX’s plan aims to repay 98% of creditors in cash, the SEC may take the stance that remaining distributions made in crypto violate federal securities laws. Cardano implemented its “Chang” upgrade, shifting control from its founding bodies to a decentralized governance structure using the ADA token:  The long-awaited enhancement allows the community to vote on proposals and elect governance representatives. High-ranking Binance executive Tigran Gambaryan, detained in Nigeria since February, appeared in court on Monday in pain after being denied a wheelchair:  His lawyers have filed for bail on medical grounds, citing multiple health issues, but the prosecution has opposed the request. Trading volumes on centralized cryptocurrency exchanges saw a roughly 6.6% MoM increase in August, reaching $1.2 trillion:  Exchanges in North America experienced more than a 21% increase in activity compared to July. 🎾 Topic of the Week: Fetch.AI (FET): An AI Solution to Data Inefficiency ➡️ Read more here
GEMINI:BTCUSD
by Gemini
Imminent rebound for BTC in the next 24 hours! A strong sun will shine over Bitcoin in the next 24 hours, signaling bullish market conditions! ☀️ The price of Bitcoin rose 1 percent to $57,277 over the past 24 hours and still has the potential to go up. The 12 spot Bitcoin exchange traded funds (ETFs) listed in the US have posted outflows totaling almost $800 million dollar over the past six trading days, data from Sosovalue shows. Investors now await cues from the upcoming US job figures being released tomorrow. Analysts expect 160,000 jobs to have been created outside the US farming sector in August, up from 114,000 jobs in July. Yet, over a one-week time horizon, drizzle will linger over Bitcoin, signaling downside potential. 🌧 Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
BITCOIN: Elliott Wave & ChannelGreetings, everyone.😉 I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory" . ✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag" ✔️ Current wave in development: Y-c-3 ✔️ Projected upward range: 93K ~ 101K The rationale behind this analysis is as follows: Zigzag patterns typically move within a parallel channel. The first zigzag wave, which started from the 15K level, adhered precisely to this parallel channel. As a result, the likelihood of a complex correction occurring is considerably high. Based on these observations, I have constructed this particular scenario. It is an illustrative representation of potential market behavior, grounded in established technical principles. Wishing you all the best of luck. This is not a buy or sell recommendation. It is a personal perspective and should be used for reference only. All decisions and responsibilities lie with you.
Long
by Killer_Whales
Bitcoin: best time to buy the dip?Bitcoin (BTC) remained bearish, as the king coin was trading under $57k at press time. While this initially looked disastrous, for savvy investors, this might as well be a right opportunity to buy the dip. According to CoinMarketCap, BTC’s price dropped by more than 3% in the last seven days. In the last 24 hours alone, the king coin witnessed a nearly 4% price fall. Meanwhile, Ali, a popular crypto analyst, posted a tweet revealing a bullish development. Top BTC traders on Binance showed a slight bullish tilt, with 51.79% investors holding long positions on BTC. Generally, a rise in the number of long positions in the market hint at an increase in bullish sentiment around an asset. As pet the chart, The Chaikin Money Flow (CMF) registered an uptick. This indicated that BTC’s bearish price action might end soon. However, the Relative Strength Index (RSI) moved southwards, meaning that the possibility of BTC falling further can’t be ruled out yet.
by paul_endeo
The Bullrun is imminent.Evening folks. Mastershark here . Market specially altcoins ugly but we are getting to the end of red days very quickly. As you see we’re in a descending channel, right now we still holding monthly support ( which I indicated in orange) and we’re holding super trend in daily , this situation is very reminiscent of 25 k , some other factors help get to decide that this is the bottom and I upload two charts of usdt tonight . There is total charts and dominances as well if you scroll through my analysis. In my opinion bullrun is very close and can start in very moment ( middle support of the pitch fork ) or in the worst case bottom of the channel which is unlikely based on the altcoins situation. Stay safe fam
INDEX:BTCUSD
by mastershark
There will be more bull season? #Bitcoin 3M chart#Bitcoin 3M chart; Bitcoin chart in its simplest and broadest form. 3 months. What do you see? Let me make my own interpretation first, then share your thoughts. In 2022, it went to the IMB region, took its support and made its current peak. The breakout was MSS because it closed above it while doing so. This is an uptrend signal. And again it visited the IMB zone for support. This candle is a June candle, so the next candle opening will be in October. I hope this is clear enough for those who say there will be no more bulls.
Long
by ugurtash
4
$BTC Update - Can bitcoin price touch $100-150K milestone?I have already shared bitcoin fundamental confirmations on X. Here are some technical confirmations related to bitcoin 👇 1. Major Bull flag pattern! 2. Big supply at $68K-58K has been succesfully flipped. 3. Hash Ribbon Buy signal! 4. Pi Cycle indicates BTC is yet to form a cycle top! 5. Weekly 50, 100, 200 EMA as support! 6. NO weekly or monthly RSI bearish divergence. Monthly RSI has not yet touched 85-90. 7. Binance funding rates turned negative for the first time since September 2023. IF YOU LIKE THIS UPDATE, PLEASE BOOST & FOLLOW. THANKS.
BITSTAMP:BTCUSDLong
by cnb006
4
$DJI <> Rate CutsRetail investors often mistakenly believe rate cuts are bullish and will profit, but history suggests otherwise. In the last two decades, we have witnessed three major rate-cutting events that occurred a few months before market peaks, each followed by 40%+ corrections. We have observed similar patterns with retail investors becoming bullish as rate cuts are announced. Markets typically become euphoric for a few months, with retail investors buying at the top, only to experience major drops shortly after.
DJ:DJIShort
by Flow-Trade
$RUT <> $BTCDespite popular belief that Bitcoin operates independently, it closely mirrors the Russell 2000 index during risk-on market periods. Both assets show strong correlation, attracting investors seeking higher returns in optimistic economic conditions. This parallel movement reveals Bitcoin's growing alignment with broader market risk sentiment, though it typically exhibits more extreme volatility. September News: -Fri, Sep 6th Unemployment Rate & Labor Force Data -Wed, Sep 11th Consumer Price Index (CPI) -Wed, Sep 18th FOMC Meeting (Rate Cuts)
TVC:RUTLong
by Flow-Trade
BTC Higher Timeframe Outlook 70k Next -> Then 32kIn this video, I break down the market from a top-down perspective, analyzing from higher timeframes down to lower timeframes. I carefully frame key Points of Interest (POIs) to help identify potential trading opportunities. Additionally, I share a specific short-term trade idea with detailed entry, exit, and risk management strategies. My first target is set at 70k, followed by 32k, and I explain the reasoning behind these levels. Watch to get a clear understanding of the current market structure and actionable insights for your trading journey.
by SerenityEquity
3
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 30, 2024Technical Analysis and Outlook: The "Primary Squeeze" of Bitcoin has experienced a significant drop to our Mean Support levels at 62700 and 60300, and it currently hovers just above the critical Mean Support level at 57600. Currently, the cryptocurrency is positioned for further upward movement, with the primary target being a retest of the completed Interim Coin Rally marked at 64900. It is noteworthy that the selling pressure at this level may lead to a decline in the coin's price towards the Key Support level at 54000.
BITSTAMP:BTCUSD
by TradeSelecter
ETH 1H🔍 ETH/USDT Analysis: 1-Hour Timeframe 📉 The ETH/USDT chart on a 1-hour timeframe highlights significant upcoming dates where price movements may present trading opportunities. As always, it is crucial to analyze these signals in conjunction with higher timeframes for a more comprehensive understanding of the market. • August 24, 2024, 21:00, August 25, 2024, 21:00, August 28, 2024, 12:00 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn. • August 22, 2024, 21:00, August 25, 2024, 05:00, August 26, 2024, 15:00, August 29, 2024, 15:00 - Green Lines: These times indicate potential local lows, providing favorable conditions for accumulating ETH or entering long positions. When working with this 1-hour timeframe, keep in mind that these movements should be evaluated with a global perspective, considering higher timeframes to better grasp the overall market trend. For short-term, intraday, or scalp trades, consider analyzing lower timeframes. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
by trushkovskiy
Even if This Isn't Distribution, Consolidation Could Take MonthsJust popping in for a quick Bitcoin update. Though cycle proponents will be quick to point out that Bitcoin is way ahead of where it "should" be, price wise compared with previous cycles, it's still struggling to maintain a new all-time high despite supposed institutional interest. People who have been in the market for years are starting to want out, expressing the sentiment that this is going to be their "last cycle." Meanwhile, stocks are significantly up since their last all-time high and some high-performers like Nvidia have well outperformed Bitcoin over the last few years. Bitcoin's price currently looks like consolidation after an explosive move up from the bear market lows near $15.5k. It's taking so long that price is beginning to drift below all the major daily moving averages. Ethereum is really looking quite weak, having retraced all of this year's gains and broken below a major long term trendline. On my Bitcoin chart, price is hanging out below the large broadening support, dating back to fall 2022, now almost two years ago. It's below all the major daily moving averages, representing current weakness. Seller volume remains generally high in this range. I drew a secondary trendline and another broadening pattern, this one pointing down. Historically, this can be a bullish pattern. Even if it is, there appears to be plenty of room structurally for more sideways movement into the fall. The pattern comes to completion by the end of the year. This is an example of what I'm thinking, for bullish and bearish options: Bulls hope that consolidation this long produces a major move up, perhaps all the way to $300K + and to the top of the broadening pattern. This sounds crazy, but it's roughly the same magnitude of price increase as the last bull marker. Though, due to diminishing returns, this does really seem unlikely. Of course, this is a lot of foo-foo guesswork, but understanding charts visually has always been how I like to roll. Fundamentals are then also important. On the bearish side, a breakdown from these patterns could easily send prices back below $40k. Let's see how things play out! I'm still betting on crypto largely becoming a forgotten "industry" due to lack of authentic utility and therefore little fundamental value. Even though ETFs exist, ETFs exist for many things. I don't think investors are necessarily prepared for the slow fade, where Bitcoin and other cryptocurrencies remain niche and their value starts to decline over time. I'll easily be proven wrong if prices sustain new all-time highs. Thanks for reading! I'll provide updates when I can. This is clearly speculative and not meant as financial advice. -Victor Cobra
COINBASE:BTCUSDShort
by VictorCobra