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Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 12, 2024Technical Analysis and Outlook: Over the course of this week's trading, Bitcoin has continuously traded within the range of the completed Outer Coin Dip of 54000 and the Mean Resistance level at 57900. Our analysis anticipates a potential breakout from this fluctuation zone, implying upward movement toward the Mean Resistance level at 60400 and possibly further to the subsequent Mean Resistance level at 62800. It is important to note the presence of potential downward squeeze pressure at the specified target level.
BITSTAMP:BTCUSD
by TradeSelecter
BTC Update: Key Levels and Market Outlook for Upcoming Weeks.Bitcoin (BTCUSD) currently holds a strong support level at $55,300. This key level presents a significant opportunity for potential gains. If the support at $55,300 fails, the next critical supports are at $52,000 and $48,500. Given the approaching bull run, we expect a bounce from these levels, particularly in Q4 2024 and Q1 & Q4 2025. As with previous bull runs, we anticipate substantial volatility during this period. Remembering to exit the market around March or November 2025 is crucial, as the bull run is expected to conclude around this time. Based on historical data and calculations, the Minimum target for Bitcoin in this bull run is $253,623. If Bitcoin flips the resistance at $253,623 by February 2025, we could see a maximum target of $275,780. Previous bull runs in 2013, 2017, and early 2021 exhibited unexpected price pumps, and we may witness similar volatility this time. While observing resistance zones, it's essential to keep trades active and plan to exit long positions by March or November 2025. For more detailed analysis and future trading ideas, follow us on TradingView. Share this idea with your friends and family to maximize profits. Please like, comment, and engage with our posts for more insights. Thanks!
INDEX:BTCUSDLong
by Houseofcryptokings
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 5, 2024Technical Analysis and Outlook: Bitcoin has retraced to our pre-established completed Inner Coin Dip level of 59000, Outer Coin Dip of 57000, and current Outer Coin level of 54000. We anticipate a recovery from this landmark move, with a target to attain the Mean Resistance at 57900 and extend to the Mean Resistance at 60400. Conversely, our principal downside objectives encompass a retest of the completed Outer Coin Dip 54000 and potentially the subsequent Outer Coin Dip 51000.
BITSTAMP:BTCUSD
by TradeSelecter
VET Set for Major Gains: Preparing for Alt Season SurgeVeChain (VET) is part of a blockchain platform that enhances supply chain and business processes. It improves transparency, traceability, and efficiency across various industries, including healthcare, agriculture, luxury goods, and logistics. With the VET coin serving as a transactional token, companies can ensure the authenticity and quality of their products. Currently, VeChain shows significant potential. With a maximum circulating supply of 86.713 billion tokens, about 93.39% already in circulation, VET is poised for growth. The alt season is between Q4 2024 and Q1 or Q4 2025, during which the market is expected to see a substantial increase in volume. This period could present an excellent opportunity for VET to make significant gains. At present, VETUSD's strong support level is at $0.02443. If this support holds, we could see a significant upward movement. However, if it breaks, the next strong support lies at $0.2028, from where a bounce is expected. We anticipate market volume to start increasing from October 2024 onwards, signaling the beginning of a bullish phase. Based on our calculations, VET's bull run targets a minimum of $1 by Q1 2025. If VET flips the $1 resistance by Q1 2025, the maximum target could reach $11.2 by Q4 2025. Alt season often brings unexpected price surges, and we might see similar volatility this time. It's crucial to monitor the resistance zones and manage trades accordingly. We recommend exiting long positions around Q1 or Q4 2025 to capitalize on the bull run and alt season's end. For more detailed analysis like this, follow us on TradingView to stay updated with our latest ideas. Share your thoughts in the comments, and let us know if you need analysis on any specific coins. We're here to provide insights and help you make informed trading decisions.
CRYPTO:VETUSDLong
by Houseofcryptokings
4
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 28, 2024Technical Analysis and Outlook: Bitcoin has declined to our predetermined Mean Support and Next Inner Coin Dip levels of 60700 and 66500, respectively. We anticipate a rebound from this point, aiming to reach the Mean Resistance at 62500 and Inner Coin Rally level at 63300, with potential for further upward movement. Conversely, our downside targets encompass revisiting the completed Inner Coin Dip at 59000 and the completed Outer Coin Dip at 57000.
BITSTAMP:BTCUSD
by TradeSelecter
#BTCUSDT #1D (Binance Futures) Descending channel break & retestBitcoin is pulling back to 50MA daily support after forming a big bull flag, a bounce towards new ATH seems likely next. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (10.0X) Amount: 5.4% Current Price: 66989.1 Entry Targets: 1) 66666.6 Take-Profit Targets: 1) 75891.7 Stop Targets: 1) 62969.2 Published By: @Zblaba CRYPTOCAP:BTC BINANCE:BTCUSDT.P #Bitcoin #PoW bitcoin.org Risk/Reward= 1:2.5 Expected Profit= +138.4% Possible Loss= -55.5% Estimated Gaintime= 1 month
Long
by TradingOn
#LTCUSDT #1h (OKX Futures) Descending trendline breakoutLitecoin printed a dragonfly doji on 50MA support, looks bullish for the days to come. ⚡️⚡️ #LTC/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Long) Leverage: Isolated (9.0X) Amount: 4.8% Current Price: 78.97 Entry Targets: 1) 78.32 Take-Profit Targets: 1) 81.98 Stop Targets: 1) 76.49 Published By: @Zblaba CRYPTOCAP:LTC OKX:LTCUSDT.P #Litecoin #PoW litecoin.org Risk/Reward= 1:2.0 Expected Profit= +42.1% Possible Loss= -21.0% Estimated Gaintime= 2-3 days
Long
by TradingOn
BTC - Short-term View!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 BTC has been overall bullish, trading within the rising channel in blue. Currently, BTC is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting a structure and trendline in red. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the red structure and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As long as the red support zone holds, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
ETH - Make or Break Zone!Hello TradingView Family / Fellow Traders, ETH has been hovering within a narrow range in the shape of a flat rising channel around a massive resistance zone $4,000 - $4,100. What's next? Scenarios: 1️⃣ Bullish - Continuation The bulls maintain control as long as ETH is trading within the rising channel marked in red. In this case, a movement towards the $4,000 - $4,100 resistance zone would be expected. 2️⃣ Bearish - Correction If the last low marked in green is broken downward, we will expect the bearish correction to start leading to a movement towards $3,100 demand zone. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
11
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 31, 2024Technical Analysis and Outlook: Bitcoin gyrated in this week's trading between our major Mean Sup 67100 and the newly created Mean Res 69400. The upward movement target shows a continuous target of Bull Stage Squzee Rebound 73200, marked as Key Res 73200. The main obstacles are Mean Res 69400 and 71500, respectively. On the downside, we look at the established Mean Support at 65000 as a concrete target before a renewed upswing occurs.
BITSTAMP:BTCUSD
by TradeSelecter
ETH - Critical Zone 👀 Again!Hello TradingView Family / Fellow Traders, As per my last analysis, ETH rejected the $3000 support and traded higher. What's next? Scenarios: 1️⃣ Bullish - Continuation For the bulls to maintain control, a break above the $4,000 - $4,100 is needed. In this case, a movement towards the $4,500 resistance would be expected. 2️⃣ Bearish - Correction Meanwhile, the bears can still kick in for a correction towards $3,500 where we will be looking for new short-term buy setups. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
22
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 24, 2024Technical Analysis and Outlook: Bitcoin has broken through our Mean Resistance at 66900, completed our Inner Coin Rally at 69800, and then pulled back to the trading zone. The target for an upward movement is now set at the newly established Mean Resistance at 71500 and the aged Key Resistance at 73200. On the downside, we are looking at the newly established Mean Support at 67100 and a possible extension to Mean Support at 65000.
BITSTAMP:BTCUSD
by TradeSelecter
New crypto world or just a bubble?Imagine how a young student from Norway, Christopher Koch, finds himself in a virtual labyrinth of the Internet, where in one of its corners a mysterious light flickers - information about the brave new world of digital currency called Bitcoin. Driven by a fierce passion for learning the art of finance, Christopher decides to invest his modest $25 in 5,000 coins of this currency and leave them alone for four years, like grains in sand, hoping for a miracle. And lo and behold, a miracle happens! When he suddenly returns to this world, Bitcoin, like the stars in the night sky, doubles its value over and over again, turning a modest initial investment into a fountain of $800,000, illuminating Christopher's path with an endless light of wealth. Meanwhile, in another corner of the world, James Howells, like a hero from a fairy tale, finds himself in a dark room where his old disk lies, from which 7,500 bitcoins suddenly shine like treasure in the valley of dragons. But, unfortunately, the key to the treasury was lost, and the disk is now hidden deep underground, under a layer of time and oblivion. These two stories, like little sand stars on the ocean shore, reflect the grand journeys and vicissitudes of the world of cryptocurrencies, where every step can be a magical or dark turn on the path to wealth and adventure. These are just two of the many stories played out in the cryptocurrency theater. Some students turn their study days into journeys to make millions, others get lost in the maze of the pursuit of quick money, and some simply lose the keys to their treasure troves and are unable to unlock the doors to their wealth. Cryptocurrencies are not only financial instruments, but also plots for exciting stories about adventures, discoveries and losses that make our world more mysterious and fascinating. This is what New York looked like in September 2008: one after another, people in expensive suits with boxes in their hands come out of a building in the center of Manhattan. These people were fired from the world's largest bank, L Brothers, and so far no one knows that these layoffs will begin the deepest economic crisis on the planet since the Great Depression. A decline in production, an increase in unemployment, the disappearance of easy loans - all these signs indicate that a collapse may hit us too. Almost no one thought that more than 2 million people in the United States alone would lose their jobs. The crisis will spread to other countries that are closely linked to the American economy, and pension funds around the world will lose trillions of dollars. Imagine a world where money is not printed by the state, but is masterfully forged by participants in a new game called blockchain. In 2008, an anonymous person under the pseudonym Satoshi Nakamoto challenged established rules by releasing his creation into the world - Bitcoin, a digital currency in which there is no place for banking dependence or government control. This is something incredible, where every operation is a small masterpiece of cryptography, captured in the blockchain. Let's see how it works: one participant transfers 10 coins to another, and after a while he returns five coins to him. But there is no room for fraud or oblivion, because each operation is encrypted and inextricably linked to previous blocks. It's like a game of ciphers where one mistake destroys the entire maze. Each block in the blockchain is not just a record, but a quest where to create a new block you need to find the correct hash, consisting of a thousand characters. Miners are unusual treasure hunters who solve complex computational problems to discover that hash and earn their Bitcoin. And the more difficult the task, the greater the delight and reward, just like in the most exciting game. This is how digital currency appeared, which became a symbol of the financial revolution and a new era of independence.

 On January 3, 2009, Satoshi Nakamoto wrote his name into history by creating the first block in the Bitcoin blockchain. In this block, as in the mysterious letter of time, there were no financial transactions. Instead, it contained just one phrase that caught the world's attention: "The Chancellor is on the brink of a second bank bailout." This phrase, which became the headline of the British newspaper Times, reflected the deep financial crisis that gripped the world. A few days later, on January 12, Satoshi made the first real transaction in block 170, sending 10 bitcoins to programmer Hal Finney. With each new block, more and more people learned about Bitcoin, joined the process and became part of this revolutionary technology. It's hard to believe, but in the early days Bitcoin was worth less than one cent and was used more as an experimental technology than as a medium of exchange. However, with the passage of time and the spread of knowledge about it, Bitcoin began to gain increasing fame and value, turning from an experiment into a revolution in the world of finance.

 Bitcoin is a unique form of digital wealth where ownership is entirely yours. No banks or intermediaries are required to transfer it. All you need to do is know the recipient’s wallet address, and you can carry out the transaction shares directly. It is important to remember that the only way to lose your funds is to reveal the key to your wallet to scammers. Bitcoin is also unique in that it has strict mining rules. Only 21 million coins will be created, and every 210,000 blocks the reward for finding the hash of a new block is halved. This means that if in 2009 a miner received 50 bitcoins per block, today this number has decreased to just over three. Despite the decrease in rewards, the number of miners is growing, and huge farms covering thousands of square meters are now used to mine Bitcoin. This competition does not have a significant impact on the mining speed, and it is thanks to this mechanism that Bitcoin has become known as “digital gold.” Unlike fiat money, which is subject to inflation due to the constant printing of new ones, Bitcoin does not depreciate in value. This makes it attractive to many because it provides a stable and reliable medium of exchange rather than just paper bills in a wallet. People sincerely believed that the new blockchain technology and Bitcoin in particular would give them complete control over their own finances. With each new miner, Bitcoin gained more trust. However, its limited throughput - just seven transactions per second, while Visa's was 24,000 per second - became a bottleneck. This slowness, although it ensured the stability of Bitcoin, prevented its mass use. As blockchain became understood and widespread, thousands of programmers began looking for ways to improve Bitcoin. In 2011, a former Google employee created a cryptocurrency that was eight times faster, easier to mine, and cheaper to transact - it was Litecoin, the digital silver-to-digital gold equivalent of Bitcoin. However, Litecoin was not the only alternative. In 2012, the Ripple cryptocurrency appeared, which was capable of transferring customer money in a few seconds and almost free of charge, which was a difference from the traditional Swift bank transfer system. Every year more and more new coins and projects appeared, offering various solutions and improvements in the world of cryptocurrencies. Vitalik Buterin truly revolutionized the world of cryptocurrencies. He asked himself: What if we took advantage of the new technology offered by Bitcoin and solved one of the key problems of the economy - the problem of trust? In 2015, he launched the Ethereum project, which proposed the concept of smart contracts. Here's how they work: Imagine you want to buy an apartment. To protect yourself, you go to the bank and open a letter of credit. You deposit money into this account, which the seller will receive only after signing the purchase and sale agreement. The whole process is controlled by the bank, which takes a commission for this. The Ethereum smart contract removes the bank from this transaction. The system itself checks the terms of the contract and, if they are fulfilled, automatically transfers money from your wallet to the seller’s wallet. This happens quickly, cheaply and reliably, without intermediaries and unnecessary commissions. Ethereum has really made it easier to create your own cryptocurrencies. Previously, you had to develop your own blockchain to do this, but now thanks to Ethereum it has become much easier. Ethereum can be called the programming language of the cryptocurrency world because it allows you to create new coins and tokens easily and quickly. As a result of the emergence of Ethereum in 2017, a massive phenomenon occurred - ICO (Initial Coin Offering), when startups issued their coins and tokens to raise capital. This allowed any startup to attract funding without special restrictions and control from the state. The crypto industry began to resemble the golden era of the Internet in the late 90s, when everyone understood that the future belonged to the Internet, and Internet companies grew quickly, like mushrooms after rain. The essence of the ICO is that startups come up with their own project, issue a coin for this project and promise investors a huge increase in the price of this coin (for example, by 1000%). They then raise funds by selling their coins to investors.

 Indeed, cryptocurrencies and blockchain technologies create two parallel worlds. One world is public money, which is backed and controlled by the government. Another world is private money, which operates on the basis of agreements and technologies between system participants, providing a greater degree of autonomy. Governments find themselves in a difficult situation trying to straddle both sides of the aisle. They do not ban cryptocurrencies, seeing the potential for the future in blockchain technology, but at the same time do not recognize them as official money, since this threatens the foundations of the state economy. Many countries have begun to develop their own national blockchain-based cryptocurrencies, known as central bank digital currencies. Such currencies promise higher levels of transparency and security, since every transaction can be tracked, and smart contracts provide more reliable funds transfers. This process leads to increased government control over financial transactions, but also provides citizens with more convenience and protection. Decentralization, which was originally one of the main features of cryptocurrencies, is now becoming a tool for government regulation. My point is that cryptocurrency is not just a niche means of payment or a risky investment. It represents a new form of financial relations, which is already being actively introduced into everyday life. We are witnessing a historic shift in the financial sector, where digital money is becoming an integral part of our daily lives, just as the Internet became an integral part of our lives in the past.
COINBASE:BTCUSDEducation
by Crypto4light
DOT READY TO BOOM AFTER A PULLBACK!! #Polkadot it failing to flip the local resistance into support. We have a monthly POC and the 0.618 fib level below to hold as support. If we can get a bounce there, I would expect PA to push higher to try and flip the blue box into support next! Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
1
ETH - Deja Vu🦋Hello TradingView Family / Fellow Traders, For those who know me, I always enjoy studying previous price action. 📌Today, I want to share an interesting pattern I found on ETH. Back in Summer 2021, ETH experienced a parabolic bullish impulse (depicted in blue), followed by a correction (shown in purple) to reject the $3000 support before commencing another bullish impulse movement. If we apply the same logic to the current price action, ETH is currently in the correction phase, rejecting the $3000 support. Thus, I will be looking for buy setups on lower timeframes, speculating on the next bullish impulse movement. Of course, this pattern will be invalidated if the $3000 mark is broken downward. 🗒 What do you think? Will history repeat itself? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
18
BTC - Bullish Continuatio?Hello TradingView Family / Fellow Traders, 📈As per my last analysis, BTC broke above the accumulation phase and is currently trading higher. What's next? For the bulls to maintain control, a break above the structure marked in blue is needed. 🏹In such a scenario, a movement towards the upper orange/blue trendlines and $70,000 round number would be expected. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
5
ETH - Bullish Continuation⁉️Hello TradingView Family / Fellow Traders, 📈As per my last analysis, ETH broke above the previous major high at $3000 and is currently trading higher. What's next? ETH is currently bullish short-term trading within the rising wedge pattern marked in orange. 🏹As long as the lower orange trendline and the $3000 support hold, a continuation towards the upper bound of the orange and blue channels would be expected around $3333. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
3