#BTC Update, HODL!#BTC is holding strong above the July low, with lower liquidity from the FVG taken.
We're set for an upside move. However, expect some choppiness until the rate cut decision is announced.
Stay cautious, especially with leverage.
Invalidation: Close below $57,642
Let me know what you think in the comment section and do hit the like button.
Thank you
#PEACE
Btcusdtlong
Bitcoin Rises Above Key Levels, Eyes All-Time HighBitcoin has bounced back, moving past important support levels and the 200-day Exponential Moving Average (EMA). Analysts predict a small drop in the short term, which could be a good time to buy before Bitcoin resumes its upward climb. Many believe Bitcoin will soon reach or even exceed its highest price ever, signaling a positive trend in the cryptocurrency market.
BTCUSDT (1D Chart) Technical analysis
BTCUSDT (1D Chart) Currently trading at $62800
Buy level: Above $60700
Stop loss: Below $55500
TP1: $63800
TP2: $65000
TP3: $68000
TP4: $70000
Max Leverage 3x
Always keep Stop loss
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Bitcoin Loong!This coin has been forming a falling flag for the past few days. Considering that the price tested the lower trend and bounced back, there might be a bullish impulse. I anticipate that the bulish momentum will go on and retest the upper trendline at 70000.
Entry point - 60000
SL - 56000
Take Profit - 69000
#BTC/USDT#BTC
Bitcoin
The downward channel has been clearly broken on today's frame
It is expected to touch $48,000 before the recovery and rebound begins
We have a sell saturation on the RSI indicator
We have a trend to return above the moving average 100 again
We have a strong support extending from $48,000 to $50,000
A rebound is expected from that area targeting
First target 53,800
Second target 57,300
DON'T LOSE HOPE: BTC LOVES DecembersOver the past few years, BTC has shows affinity for Decembers.
If you've been following for a while, you'll know I've been on about this "multi-month" cycle that eventually leads to another BTC ATH before the bearish cycle starts.
And it's been exactly that - a mulltimoth period of sideways trading and corrections. However, considering how BTC usually increases in Decembers I'm inclined to say we may yet see our final ATH in the last quarter of the year; specifically towards the end of the year.
Currently in the 4h, we can see a strong V-shaped recovery after a dip to 49 000.
The dip doesn't bother me in the least bit, because this is the original target I had from Elliot Wave analysis months ago:
We're still making higher lows, and even if we trade just over and under 60K for a period I will sleep easy.
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BINANCE:BTCUSDT
BTCUSDT - UniverseMetta - Analysis#BTCUSDT - UniverseMetta - Analysis
Clear boundaries of the sideways trend in which the price has been since March are visible. We can consider H4, the formation of a 3-wave structure in continuation of the upward movement, to the upper border of the sideways trend. If the price fixes above the border and the level is retested, it will be possible to consider purchases with a target of 80,000. To cancel the idea or purchase additional assets, it is better to consider a breakout of the minimums beyond the lower border.
Target 60680 - 80000
THE GREATEST LONG // BTCUSD (August 2024)Fiat is flowing fluidly into TOTAL after the after-math of this weekend's price action
2740 was the key level in which the dive to sub-2k level on Ethereum happened
BTC/ETH dominance will stagger as alt-coins receive liquidity
It's a little late for alt-coin summer, but at least we have alt-coin autumn now
It is beyond contrarian to open a long position when everyone else is shaking in fear, but it's now or never if you want to catch the ride up to 100k BTC. You heard it here first.
Best in all,
dysonring2050
The amazing BTC and the secret of 152 & 52 weeks.🤔Here's an intriguing take on BTC and the potential significance of the 152 (Bulls) & 52 (Bears) week cycles:
🔑 BTC: Unlocking the Secrets of the 152 (Bulls) & 52 (Bears) Weeks 🗝️
Throughout BTC's history, a fascinating pattern has emerged – the alternation between 152-week bull cycles and 52-week bear cycles. 📈📉
This cyclical behavior has been observed multiple times, leading to the tantalizing question: Will history repeat itself once again? 🔄
My answer: Yes, I think the stars are aligning for another cosmic dance between the bulls and bears. 🐂🐻
If this pattern holds true, we are potentially witnessing a new 152-week bull run started in 7 Nov 2022 till the top around 6 October 2025, followed by a 52-week bear hibernation, and the cycle continues. ∞
However, as with all things crypto, nothing is set in stone, and the market is known for its unpredictability. 📊🔮
Nonetheless, for those who believe in the power of historical cycles, the 152 (Bulls) & 52 (Bears) weeks could serve as a fascinating guide, offering insights into potential market movements. 🧭
It is not a financial idea.
PLZ DYOR.
Good Luck.
$BTC Long attempt #2Despite all the fears, all BTC has done is reach below value and retest January's high to the dollar. With a great reaction to close out today's session as well. The gray box represents the year's value. As shown, short above it and long below it. Very simple. I won't be waiting for BTC to breakout above (although that is likely). Target destination is the other end of value which is 70k.
Friendly reminder that BTC was at GETTEX:29K a year ago! We are not in a bear market. (yet at least)
#Bitcoin It's Over? 🚨 #Bitcoin Update: Big changes could be coming!🚨
We're close to seeing a major shift in the market. The Super Trend indicator, which has been positive since early 2023, might turn negative soon. If Bitcoin closes below $56,000 in the next few days, it could mean the end of the current bull run.
Watch the charts closely! If the price stays above $56,000 and bounces back, we might see a strong recovery. But if it falls below, the bears might take over.
Stay alert and trade wisely! 📈💡
#Crypto
IN EXPLANATION
We are on the verge of confirming a reversal on the larger time frame.
The Super Trend indicator, which has been green throughout the entire market since the beginning of 2023, was also red during the market's decline in 2022. This indicator has been effective in determining whether we are in a bear market or a bull market on the larger time frames, rather than the short-term. While we may experience short-term dips or bearish trends, the Super Trend indicator highlights the broader bullish and bearish movements. It will turn red, confirming a bearish trend reversal on the larger time frame and indicating a bear market if we see a four-day candle close below approximately 56,000.
This would confirm a trend reversal pattern. For the market to continue, the price needs to remain above 56,000 and rebound from this level soon. This could potentially lead to the formation of a giant bull flag. However, if this pullback persists over the next few days and we see a four-day candle close below 56,000 in three days, it could signal the end of the bull market.
Thanks, like and follow if you like my updates!
Bulls and Bears are fighting / If Support breaks ---> 60-62KBINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Dear Traders.
📝In this post I will track the BTCUSDT movements till next week.
No more talks, BTC is in a very serious situation. At the end of the next week, BTC may reach 60-62K and after that drop to near 50K level.
📡Please visit the recent positions.
💌Thanks for your support and energy.
BTC will probably try to pick up liquidity from both sidesThe chart may be a bit unclear, but I will try to explain what it means: when we first determine the fibonacci after the impulse with $74k, we can see the support exactly at fibonacci 1.21. That gives us the right to look at this as an ABC correction.
Below are the FVG of the bit zones :
The monthly that has been tested several times plus the monthly candle did not close inside it which is very positive
In the last correction towards 53k weekly fvg showed strong support
Gap: Which is formed after this impulse shows that fibonacci 0.61 coincides together with that..
For now, everything is fine.. we are in the middle of the range, 60k and lower to watch for a potential long.
Below 58k and the closing of larger time frames, the saint structure changes
#BTC/USDT#BTC
Bitcoin price is moving in a descending channel on the 1-hour frame
The price is moving inside the channel perfectly, it is expected after a slight rise
Then the decline will continue to fill the price gap with a target of 58,000
It is expected after the market recovers after filling the price gap
This decline is affected by the geopolitical events occurring these days
The pattern is canceled in the event of a 4-hour close above 65,000
BTCUSDT at daily support, likely to head up towards 65kHere is a long idea on smaller time frame.
The price is again at daily support from where it has bounced last time.
I expect the price to bounce again from here towards daily resistance DR1.
Therefore, a long trade setup is favorable here.
Let us see how the price moves in coming hours.
Let me know what you think about this trade idea.