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Btcusdtanalysis

BTCUSDT - D1\H4BTCUSDT D1 - the price has been consolidating for more than a month in an ascending channel, which makes it possible to work only from the borders. A more likely outcome to consider buying is to wait for a correction from this channel to the levels 33200-31800 H4 - For purchases, you can consider entering from the border of the lower trend line to the upper one. The expectation for the instrument is downward, fixation behind the trend line is necessary, you can also wait for a retest. With a downward movement of the target, you can look to the level of 30868 What can you expect? After fixing the lower boundary level, entry can be considered from the level values of 36166 - 35212. Cancel the idea, return to the channel 37890 - 38933. Long Targets 34555 - 33369 - 31800 - 30860
Short
by Trade_Hive_Signals
1
Asian Stocks Advance Amid Dollar's Decline vs Fed's Rate OutlookAsian equities saw positive momentum on Tuesday, coupled with the US dollar hitting a three-month low, reflecting investor confidence in the Federal Reserve's completion of the interest rate hike cycle. The focus remains on a pivotal inflation report slated for later this week. MSCI's broadest index of Asia-Pacific shares outside Japan recorded a 0.39% increase, signaling an impressive nearly 7% surge in November – the strongest monthly performance since January. Japan's Nikkei, despite a 0.20% slip, achieved an 8% gain for the month, marking its most robust monthly performance in three years. Rodrigo Catril, Senior FX Strategist at the National Australia Bank (NABZY), emphasized the significant role of central bank policy outlook in boosting risk appetite in November. Indicators of easing inflationary pressures align with the belief that numerous central banks have concluded their tightening cycles, setting the stage for anticipated interest rate cuts next year, as stated by Catril. Current market expectations suggest a 96.8% likelihood that the US central bank will maintain interest rates next month. The likelihood of rate cuts is projected to increase in mid-2024, according to CME's FedWatch tool. Investors will closely monitor the Fed's preferred inflation gauge on Thursday and eurozone consumer inflation data this week for a clearer understanding of inflation trends. European Central Bank President Christine Lagarde, on Monday, asserted that the central bank's efforts to control price growth are ongoing. She cited robust wage growth and lingering uncertainties, even as inflation pressures ease in the eurozone. Fed Chairman Jerome Powell's Friday speech will be scrutinized for insights into potential future interest rate directions. China's CSI 300 index declined by 0.23%, and Hong Kong's Hang Seng Index dropped by 0.70% a day after data indicated slower profit growth in Chinese industrial companies for October. Monday's US data revealed a larger-than-expected decline in new home sales for single-family homes in October due to higher mortgage rates. However, the housing segment remained supported by persistent shortages of available properties. Weaker-than-expected data impacted Treasury bond yields, with the 10-year benchmark yield shedding 9.6 basis points on Monday. During Asian hours, they rose by 1.6 basis points to 4.404%. The US Dollar Index, gauging the greenback against a basket of currencies, declined to 103.11, its lowest since August 31. The Japanese yen gained 0.28%, reaching 148.25 per USD. Oil prices rebounded on Tuesday following a significant decline the previous day, with investors anticipating the OPEC+ meeting this week and potential supply constraints in the coming year. US crude oil rose by 0.31% to $75.09 per barrel, and Brent returned above $80.00. Gold spot prices increased by 0.1% to $2,015.00 per ounce, slightly below the three-month high reached on Monday.
BINANCE:BTCUSD
by tatumhodosy
Bitcoin Mining Tool Cleanspark Gaining MomentumThe daily chart below provides a more detailed view of the early stages of the red wave III. From the December 2022 low, a bullish price cycle unfolded within the red wave 1. In this context, the black wave ((v)) displays an expansive phase, concluding the red wave 1 in July 2023 at $7.60. From the peak, an accumulation pattern within the red wave 2 emerged in the form of a zigzag. Firstly, the black wave ((a)) found its bottom in August 2023 at $4.91. Subsequently, a recovery in the black wave ((b)) set a pivot in the same month at $6.86. From there, the black wave ((c)) broke below the $4.91 low, initiating a downtrend. The target range of $4.16-$2.50 was achieved, and the price is now rebounding. The preferred outlook suggests that the red wave 2 concluded in October 2023. With the price above $3.38, the next bullish phase within the red wave 3 has commenced. The short-term target is the range of $9.25-$12.88, and potentially even higher. For long-term scenarios, the current price below $6 presents an excellent investment opportunity. While medium-term investors can anticipate a potential 7-fold reward for their risk, long-term rewards may reach up to 25 times and beyond, considering the current commitment.
BINANCE:BTCUSD
by classiedescombes1234
Bitcoin's Price Trend Questioned as ETF Momentum FadesBitcoin price action raises questions about the upward trend as ETF momentum wanes. With buyer liquidity collected on November 9th at $39,149, the potential for a BTC reversal is significant. Leading indicators are present - decreasing volume, diminishing liquidity, bearish divergence, and more. Given these signals, if BTC undergoes a correction, it is likely to explore the following support zones: Reasonable price range, extending from $32,833 to $30,299. Weekly support level at $31,376. Psychological level at $30,000 USD. While a correction seems plausible, investors should note that any announcements regarding the approval of a Bitcoin ETF still have the potential to propel BTC higher. Therefore, bearish proponents must exercise extreme caution, as a sudden reversal could push Bitcoin beyond the $40,000 mark.
BITSTAMP:BTCUSD
by rezakaleigh261
📈Bitcoin weekly prediction, 40K or 32.5?📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of FWB:39K -40K. In this week, bitcoin price breaks the ascending channel (in yellow). Overall, in my opinion, as long as the price of Bitcoin does not fall below the red-line support, there is a possibility that it will go higher. But if the price loses the support, the level of 31,700 to 30,200 will be a strong support for Bitcoin in the bearish scenario. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Long
by CrazyS
5
🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰💡For the umpteenth time, Bitcoin is trying to break the 🟡 Price Reversal Zone(PRZ) 🟡 and a cluster of important Resistances (Pivots) . But in my opinion, Bitcoin needs to have a deeper correction, at least up to the $34,000 price channel , to break this critical area. 🌊In terms of Elliott wave theory , Bitcoin seems to have completed its five-impulse wave at 🟡 Price Reversal Zone(PRZ) 🟡. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . ⏰If we look at the 4-hour time frame , we will realize that Bitcoin has managed to form an Ascending Triangle Pattern so that point D is now confirmed. So it can be expected that bitcoin will have a minimum drop to the lower line of the triangle, and if the lower line breaks, we can wait for the 🟢 Support zone($36,000_$35,560) 🟢 to break, and if it starts to increase again from the lower line, we can wait for the 🟡 Price Reversal Zone(PRZ) 🟡 to break .👇 🔔I expect Bitcoin to drop to at least the end of wave 4 in the coming hours after breaking the uptrend line and once again attack the 🟢 Support zone($36,000_$35,560) 🟢 and Support lines . ❗️⚠️Note⚠️❗️: If Bitcoin can go above $38,520, we can hope that the 🟡 Price Reversal Zone(PRZ) 🟡will be broken and my scenario will change. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. 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.
Short
by pejman_zwin
32
Bitcoin Aims for $40,000 with Tether Whale SupportThe price of Bitcoin surpassed the $38,300 mark for the first time in 18 months as demand for BTC steadily increased. Catalysts such as anticipation of the U.S. financial regulatory authority approving the physically settled Bitcoin ETF and growing demand from Tether whales could potentially push the BTC price even higher. Among the contributors to Bitcoin's rise to $38,300, prominent Tether whales have emerged. Based on data from the cryptocurrency information tracking tool Santiment, the top 100 Tether addresses have added an additional $1.67 billion to their holdings in the past six months. As the buying power of these stablecoin whales increases, the likelihood of Bitcoin reaching $40,000 also rises. To establish the correlation between Tether whales and the Bitcoin price surge, Santiment highlights the reduction in holdings of USDT tokens by whales over two weeks, coinciding with BTC rising to $38,300. Tether whales have utilized their stablecoin to accumulate Bitcoin and drive demand for the largest cryptocurrency. During the Bitcoin price decline in August, stablecoin whales accumulated BTC tokens. The current trend for Bitcoin has been upward since November 2022, with the price of BTC at $37,795 on Binance after a recent pullback from the local peak of $38,380. Bitcoin is targeting the $40,000 mark, representing an almost 6% increase from the current level.
BITSTAMP:BTCUSD
by Larissa-Trader
Bitcoin Price Analysis Bitcoin broke through a strong resistance level at $37,980 on November 24, but the bullish camp is struggling to sustain the breakthrough. This indicates strong defense from the bearish side. Both moving averages are sloping upward, and the Relative Strength Index (RSI) above 61 suggests minimal resistance to the upside. If buyers maintain the price above $37,980, the BTC/USDT pair could reach $40,000. This level could witness another tough battle between bulls and bears, but if buyers gain the upper hand, this pair could surge to $48,000. Time is running out for the bears. To weaken momentum, they would have to push the price below the 20-day EMA. The short-term trend will turn negative below $34,800.
BITSTAMP:BTCUSD
by Larissa-Trader
📊#BTC ascending triangle is established, pump❓🧠As stated in my last post, we chose to break out to the upside. The short defensive point is broken, which means that the short structure is destroyed. The previous high was broken, a decision was made in terms of direction selection, and the bullish trend continued.📈 ➡️Since it is the weekend, the trading volume will be relatively low, and consolidation is normal. ⚠️Note that we are currently in the final sprint stage after a complex consolidation. After completing the target, there may be violent fluctuations, and a large correction may be triggered by this. Risk management must be carried out. Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
2
Bitcoin Holds Above $37,000 Amidst Thanksgiving Holiday TradeCryptocurrency values experienced a modest decline on Thursday, attributed to lower trading volumes in Bitcoin and Ether during the Thanksgiving holiday. Meanwhile, some altcoins demonstrated upward momentum even as the major cryptocurrencies saw a dip in their prices. After surpassing the $37,000 threshold earlier in the week and testing the $38,000 resistance multiple times, Bitcoin (BTC) saw a retracement of short-term profits on Thursday, as traders opted to secure gains ahead of the Thanksgiving holiday. Notably, Crypto Myths pointed out that a significant portion of selling pressure on leading cryptocurrencies stems from short-term holders liquidating their BTC positions back into exchanges after breaching the $37,000 mark.
BITSTAMP:BTCUSD
by Larissa-Trader
1
📊#BTC may continue to rise based on the ascending triangle📈🧠It is not difficult to see from the chart that we are being squeezed into an ascending triangle, and often we will continue to rise based on this model. Yesterday's downward trend was not strong because the space we can move within the triangle is getting smaller and smaller. This also means that we are about to enter a critical period of choosing a direction.✔️ ⚠️It is also worth mentioning that the rise accompanied by complex adjustments is generally regarded as the last stage of rise. Therefore, we need to be extra cautious when doing long, and risk management is very necessary.💯✔️ Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
Bitcoin is Ready to ⚔️Attack⚔️ to Support zone⏰(1-Hour)⏰✅As I expected, Bitcoin could NOT break the previous Top and important 🟡Price Reversal Zone(PRZ) 🟡. 🏃‍♂️Bitcoin has been moving in an Ascending Channel near the 🟡Price Reversal Zone(PRZ) 🟡for the past few days but managed to break the ascending channel and Support line(1) a few hours ago. 🌊According to Elliott's wave theory , all the waves inside the ascending channel formed a Double Three Correction(WXY) . 💡As in my previous post, Bitcoin still has a chance to fill the first 🔵CME Gaps🔵. 🔔I expect Bitcoin to gradually approach the 🟢 Support zone($36,000_$35,560) 🟢 and Support line(2) and eventually break them. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-hour 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.
Short
by pejman_zwin
64
📊#BTC continues complexity adjustment, what should we do❓🧠As I mentioned in my last post, we continue to carry out complex consolidation, and the inflection point has not been broken. We have the opportunity to form an ascending triangle. If this pattern structure is established, then we have the opportunity to continue to challenge the top. 🎯 ⚠️Note that if we fall below the turning point and the support zone below, then the buying zone below is a place worthy of our attention, and both spot and futures can participate.✔️ Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
BTC/USD Technical Analysis: Bitcoin Faces Downward Pressure Bitcoin's price experienced a decline on Tuesday and Wednesday following a series of significant legal developments in the industry. The BTC/USD pair dropped to a low of $36,260, significantly below the year's peak of $38,000. The BTC/USD pair retreated after reaching a high of $37,800 on Tuesday. On the 4-hour chart, it remains within an ascending channel represented by black lines. It is currently consolidating at the Exponential Moving Average (EMA) 50 and EMA 25. The Relative Strength Index (RSI) has moved below 50. Upon closer inspection, it has also formed a triple-top pattern, often a sign of a price decline. The neckline of this pattern is at $34,740, the lowest point on November 14th. Therefore, the outlook for this currency pair suggests a potential price decrease, with the next level to watch being $34,738. This perspective will be confirmed if the price moves below the lower boundary of the ascending channel. An alternative scenario is a recovery for this pair, moving above this week's high of $37,800.
BITSTAMP:BTCUSD
by Larissa-Trader
1
Bitcoin Price Faces Key Support Check Amid Market Weakness The price of Bitcoin (BTC) is displaying weakness, registering a 3% decline in a day, with most of these losses attributed to news surrounding the Binance exchange. Testing a crucial support level at $36,788, and with the Relative Strength Index (RSI) indicating weakening momentum, BTC could face further declines. Increased selling pressure below the critical $36,788 level within the extended supply zone ranging from $36,276 to $37,301 could present an opportunity for an extended downturn, with experts predicting a potential drop to the psychological level of $30,000. Currently, the bars on the Awesome Oscillator (AO) charts have dipped into the red and inch slightly towards the daily midpoint. This signals a gradual dominance by the bearish camp. Conversely, rising buying pressure from investors seeking to capitalize on the $36,788 retest could push the Bitcoin price higher. The first target would be surpassing the local peak at $37,972 before testing the upper range at $37,980 and ultimately achieving the psychological level of $40,000, representing a 10% increase from the current level.
BITSTAMP:BTCUSD
by Larissa-Trader
2
Bitcoin ETFs: Catalyst for Crypto's ComebackThe imminent approval of Bitcoin exchange-traded funds (ETFs) signals a potential resurgence for digital assets, attracting institutional and retail investors alike. The U.S. SEC is expected to greenlight ETFs by mid-January, opening the door for influential players like BlackRock and Fidelity to allocate a portion of their portfolios to cryptocurrencies. This regulatory shift comes in the aftermath of FTX's industry-shaking moves, dampening crypto enthusiasm despite recent market recovery. While traditional investors remain cautious, the normalization of Bitcoin through ETFs could redefine the market, offering transparency and liquidity benefits. The anticipated change holds promise but will likely take time to unfold, marking a potential turning point for digital assets.
BITSTAMP:BTCUSD
by Larissa-Trader
1
Bitcoin ETF to Further Democratize Financial Access Navigating the intricate landscape of blockchain technology and cryptocurrencies, roundtable host Rob Nelson engaged in a insightful conversation with Lule Demmissie, CEO of eToro USA. Their discussion delved deep into the future of digital assets and the evolving trends in cryptocurrency finance. Demmissie outlined how eToro users can trade not only bitcoin but also ether and over 20 other cryptocurrencies, emphasizing the democratizing aspect of digital assets. This democratization has enabled a broader audience to access a variety of alternative assets. According to Demmissie, this shift reflects the growing diversity in digital asset ownership. The conversation touched upon recent events in the cryptocurrency world, including the legal case involving Sam Bankman-Fried. Nelson pointed out that such fraud cases are not exclusive to cryptocurrencies but are common challenges in the financial world. He highlighted the cleansing effect these incidents have on the cryptocurrency space, supporting the potential democratization of bitcoin as a decentralized currency. The discussion then shifted focus to the anticipated launch of exchange-traded funds (ETFs) for bitcoin. Nelson expressed his belief that these ETFs would significantly democratize bitcoin, a sentiment echoed by Demmissie, who emphasized the importance of not solely concentrating on spot ETFs. She advocated for expanding the use of digital assets and decentralized finance (DeFi), envisioning a future where traditional finance (TradFi) and DeFi coexist to diversify risks in an increasingly complex world. As the conversation concluded, Demmissie underscored the potential of blockchain technology and tokens to empower communities and revolutionize non-profit sectors. She emphasized the role of technology in breaking down access barriers and democratization, a theme resonating throughout their discussion on the future of cryptocurrency. The dialogue between Nelson and Demmissie provided valuable insights into the current state and future potential of cryptocurrency, highlighting the crucial role of technology in democratizing finance and creating new opportunities in the realm of digital assets.
BITSTAMP:BTCUSD
by Larissa-Trader
Bullish Outlook with Potential TargetsUpon scrutinizing the 4-hour timeframe, Bitcoin's chart reveals a compelling bullish scenario. The support line, characterized by a noticeable upward slope, is forming significant higher lows, indicating a strengthening upward trend. Notably, a flat resistance level at 37,900 is proving to be a formidable barrier, temporarily halting further upward movement. This has given rise to the formation of an Ascending Triangle pattern, a bullish continuation signal. The interplay between ascending support and a flat resistance level suggests potential upward momentum once the resistance at 37,900 is breached. This is promising setup for strategic entries, eyeing targets at 39,000, 41,000, and 43,000 for potential bullish moves. Learn more about triangles -
INDEX:BTCUSD
by Vestinda
2