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BTC - Next Stop 50k 📍 Unless!Hello TradingView Family / Fellow Traders, In my latest analysis, BTC successfully surpassed the 45,000 resistance and traded higher. However, yesterday, BTC faced rejection at the 48,000 level and the upper boundary of the orange wedge pattern. Now, what's next? 📈 BTC is anticipated to remain bullish , and we anticipate a potential movement towards the weekly resistance zone between 48,000 and 50,000, as long as the 44,500 support level is maintained. 📉 In the event of a downward break below the lower red trendline and the 44,500 support level, we expect a continuation of bearish movement until reaching the lower boundary of the orange wedge pattern, approximately around 42,500. Which scenario do you believe is more likely to occur 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
6
BTC Market Update 7th January As BTC gears up for a significant shift, historical trends suggest a liquidity migration from altcoins to BTC. Yesterday's data and a thorough BTC scenario analysis lean towards a 'buy the news' stance, supported by bullish indicators in recent days: 📉 Open Interest (OI) Wipeout. 💥 Liquidation clusters favoring shorts, driving momentum. 💰 Tether printing resumes (significantly bullish). 📊 Bitfinex and Coinbase leading the tape, indicating bullish trends. Flow indicators amplify the positive outlook: 📈 BITO's exposure hits an ATH of 41,000 BTC, with futures-based ETFs seeing a 310% increase in Volatility Share since October. 📊 CME's annualized basis remains above 10%, potentially decreasing post-ETF approvals due to BITO holders shifting exposure and possible redemptions. Anticipating upcoming news, a surge in BTC may break through short clusters, pushing the price to 48k, possibly extending to 50k. However, profit-taking and the need for new narratives could trigger a retraction until the halving. Post-approval, analysts estimate a one-week timeline for the ETF launch. Trade Ideas for the Next Move: 📈 Spot ETH ETF Trade: Long ETH/BTC (following the BTC playbook). 🔄 If BTC dominance rises, consider rotating into altcoins during BTC consolidation. Stay tuned for updates as the crypto landscape unfolds! 🚀💹 #Bitcoin #CryptoAnalysis #ETF #TradingStrategies #CryptoMarkets
by TheArabianWhale
BTC - First Update of 2024 📍Hello TradingView Family / Fellow Traders, As per my last analysis, BTC rejected the lower bound of the symmetrical triangle and traded higher. Now, what? 📈 BTC broke above the 45,000 resistance zone ; thus, we expect a movement toward the 48k-50k resistance zone. 📉 The bulls will remain in control as long as the 44,500 support holds. If 44,500 is broken downward, we will expect another bearish correction until the lower orange trendline is reached again. 📚 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
2
BTC - Christmas Theme Analysis 🎄Hello TradingView Family, this is Richard, and I want to wish you all a Merry Christmas. I hope you enjoy this Christmas Theme Idea. After acquiring the 🎁Gifts at 16,000 and breaking above the 🎄Christmas Tree neckline resistance at 30,000, 🎅Santa Claus has been heading North towards the previous all-time-high ⭐️Star. 📈 BTC is approaching the 48,000 - 50,000 resistance / supply zone. For the bulls to remain in control and push towards the all-time high, a break above the 50,000 level is required. 📉 Meanwhile, there is still a possibility that BTC may reject the 48,000 resistance and undergo one more bearish correction, reaching the 30,000 - 32,000 support before the next upward impulse begins. Which scenario do you think is more likely to happen first? Why and when? 📚 Always adhere to your trading plan, including entry points, risk management, and trade management. Good luck! Merry Christmas, Everyone! 🎄 ~Richard Nasr
by TheSignalyst
100
BTC - Still Strong 🏆Hello TradingView Family / Fellow Traders, 🏹 After breaking above the orange symmetrical triangle, BTC initiated a new parabolic impulse and has been bullish trading within the ascending red channel. Presently, BTC is hovering near the upper boundary of the channel, which could potentially lead to a bearish correction. 📉 In such a scenario , as BTC approaches the intersection of the lower red trendline and $40,000, we will be on the lookout for trend-following buying opportunities. 📈 Concurrently , for the bulls to assert dominance aggressively, a decisive break above the current minor high at $44,500 is crucial. In this scenario, a movement towards the $48,000 resistance level can be anticipated. 📚 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
Bitcoin: Building support at 43,600 necessary for attacking 45kWith simplicity on the chart, it looks a lot like Bitcoin is building a necessary support at ~43,600 which is necessary for the major attack to finally conquer ~45,000 If the past 2 weeks we haven't seen much clarity on the charts, unsure were all of this is going, we now finally start to get a sense of the general direction. It is most likely we have already seen the bottom. Most of us can agree that we are massively oversold, and it is more likely we will go up than more down. 45,000 is the nemesis. Conquering this price level is most probably the final milestone before entering ~50,000
Long
by UnknownUnicorn35305092
1
DIGITAL ALPHA BTC - HODL TIL $53,000!This is the type of analysis I enjoy more than runny eggs on a jellied biscuit - while on vacation. that is some serious enjoyment. The past week was spent scouring through various stock charts, ETFs, benchmarks, and more. It was not until I stumbled into commodities did I start to see the type of pattern I was on the hunt for. Gold rung the bell harder than any other chart. In fact, there is no better comparison better for BTC than GOLD. Gold is mined and the more you mine it, the more it costs to get the next unit of gold (diminishing rate of return). Same with BTC. Gold backed/was the peg to our monetary system. BTC is the pegged currency to our decentralized economy system. Gold and BTC have limited quantities (unless you have the philosopher's stone!)...and MOST importantly we denote them both with the color yellow. This list can go on for a while, so I'll end the boredom since we are all here for chart analysis, not philosophical talk. (Random thought: Is Satoshi's middle name THOTH?) Above is the GOLD chart with the most history, starting in 1975. Around 1980 Gold went on a run similar to Bitcoin's run in 2017. The retracement and the accumulation phase show similar patterns as well. So I kept digging. Gold took off after ETFs began. There was some insider buying before this took place. The run was in full effect and did not stop until August 2011 at $1800. Wow. Gold's previous high was $700. Keep in mind the ability to buy Gold was limited before ETFs were available (note this is a futures chart and it took 3 years before Gold boomed). So new buyers ARE necessary to take Bitcoin higher. So the ETF is what we need to get to $50k Using fib levels from Gold's highest close to its lowest close (after the all time high) and using the 3.618 level, we hit $1800. Using this same methodology for BTC, we arrive at $53k. Also, there is rumor of an ETF coming in September 2018. This timeline matches up with the timing of when Gold's ETF happened, relative to its chart pattern. Now for some second level.. 2008 the financial crisis hit, stocks took a smashing, Gold stayed strong. In fact, after a quick correction Gold went parabolic to $1800. The reason I bring this up is the Dow Jones appears to be at a point where a markdown is on the horizon. We hit the ATH (26600) and now seem to be bouncing lower and lower with support at 23500 (higher volume happens during selloffs - bearish sign). If the Dow breaks 23500 you can expect a major correction. I'm not saying economic collapse or any of that, just a healthy correction. The fact that salaries are stagnant while the price of goods are rising alludes to this. Not to mention the savings rate is equal to interest rate..another harbinger..and some policies relating to US trade..one small bit of bearish news near the 23500 mark will take the price south quick. I bring this up because Bitcoin might be the gold during this period. Folks have been yearning for a new financial system ever since 2008. Fiat is backed by nothing, debt is rising to unfathomable levels, and accountability seems to be out the window. Bitcoin brings with it the potential to improve this situation and if we see Bitcoin (with an ETF) hold strong during a financial correction, fasten your seatbelts, we will be going parabolic. Keep in mind I tried to match up the peaks and valleys with gold. I had another alternative where the ETF might occur Q2 in 2019 and $50k just before 2020. I'll post a photo of that below just for your viewing pleasure..Mmmm biscuits Have a great day everyone. I will be updating this graph as time progresses during this accumulation period. My main focus will be bitcoin blockchain data. More specifically, volume of BTC moving across the blockchain. When insider buying occurs we will witness this on the blockchain, not the exchange. Seeing an uptick here will mean news of an ETF approval might be coming. DA BULL
COMEX:GC1!
by DIGITAL-ALPHA
18