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BTC - Make or Break Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After rejecting the $70,000 round number, BTC has been overall bearish trading within the falling channel marked in red. Currently, BTC is hovering around the lower bound of the channel which is lining up perfectly with the $50,000 round number. 🏹 The highlighted blue circle is a strong rejecting area to expect the bulls to kick in from. 📉 However, if the $50,000 fails to hold, a bearish continuation towards the $40,000 demand zone would be expected. Which scenario do you think is more likely to happen and why? 📚 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
08/01/24 Weekly outlookLast weeks high: $45912.61 Last weeks low: $43426.20 Midpoint: $40939.80 It's ETF decision week! ARK invests application for a BTC ETF has a deadline of January 10th (Wednesday) to either approve or deny registration. At the end of last week we started to see much of the market prepare for this news event as altcoin liquidity moved into BTC or cash ready to be deployed on the result of the decision. We know this as altcoins bled against bitcoin quite dramatically, some alts falling as much as 30% from their recent local highs. For this weeks outlook all eyes are on the SEC for their decision. The general sentiment is there will be a large single candle on approval towards 50K, with a sell off after. History has shown a 30% drop in a bull market is a healthy correction which would see us revisit the mid 30K area before the build up to the halving. It is worth noting that just because that seems to be the most common theory it doesn't always work out that way and especially if on the off chance the ETF is denied, panic will descend on the market aggressively so be careful. Volatility is definitely on the cards this week that is for certain.
INDEX:BTCUSD
by ProR35
BTC go to 50k$Hello, friends! 🌟 Let's dive a bit into the world of cryptocurrencies and share our thoughts on BTC, our favorite superhero of the crypto market! Actually, we are currently experiencing quite an interesting period where emotions play a key role. Here's what I think... Market panic and emotions often lead to sharp price changes, but it's important to stay balanced and make decisions based on reason. Of course, analyzing indicators and other factors can help us with that. Regarding the correction question, I generally agree with many analysts, but the intriguing part is at what level it will happen, whether it's at 40k or 50k. And here's where the intrigue begins. My personal logic is this: perhaps we will see another impulsive rise that will surprise many. And, of course, this can lead to further price increases. But, as always, remember that the cryptocurrency market is like real wave surfing, and we must be ready for any scenarios. My thoughts are just hypotheses, and the market can always decide to go its own way. Let's be smart, stay balanced, and may we all have a successful and profitable quarter in the crypto market! 💪💰#HODL Everything in this world is cyclical, and in cycles, we unravel the mysteries of life. Look at the past - it will show you the way to the future. P.S. Remember, always do your own analysis and make decisions based on your own experience and market conditions. 🚀
BITFINEX:BTCUSDLong
by CHOWTRADE
Bitcoin by end of June - 48k?Bitcoin looks like it would like to reach up and touch 48-50k..maybe even a little higher. People are calling dooms day for all markets..dooms day for everything every day, but what they forget is that Bitcoin is one of the only places to store your wealth in these uncertain times. With a world banking crisis, inflation, war, and economic trouble looming around the globe, people will run to Bitcoin as a safe haven that the globalist banking crime syndicate can't dilute or rig to steal from you. What do you think? Let me know..
INDEX:BTCUSDLong
by WillTMoney
2
Request Any Altcoin Analysis - Celebrating 50k Followers 🎊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I am thrilled and grateful to announce that we have reached 50,000 followers on this amazing platform. Your support, engagement, and feedback have been invaluable in making this possible. It is an honor to be part of such a talented and passionate community of traders and investors. ____________________ 📌 To celebrate together, I am glad to initiate the following two events: 📉 1- 5 Extra Analysis Daily for 10 Days As many of you know, I post 2-3 posts here daily. Starting tomorrow, I will start posting 5 extra analysis daily for the next 10 days. Feel free to request any instrument (crypto, stock, forex...) in the comment section of this post. 📹 2- 5 Live Streams for 5 Days Starting Monday, I will go live here on TradingView every day for 5 consecutive days, where you can ask any questions, request any instrument analysis or get to know one another more... I will create / schedule the streams tomorrow hopefully and attach its links in the update section below this post. ____________________ I want to express my heartfelt gratitude to each and every one of you who has followed my profile, liked my posts, shared your insights and ideas, and left comments. Your contributions have made TradingView a vibrant and supportive community, and I am proud to be a part of it. I look forward to continuing to share my trading insights and analysis with you, and to learn from the incredible expertise and experience that you all bring to the table. Thank you once again for your support, and here's to many more successful trades together! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
124
Bitcoin - 10 Days Ahead Swing Trade - 31 March 2022BITFINEX:BTCUSD correcting as expected. In the next couple of hours, the price will reach a region of $45'000 and will find strong support. In the past weeks, there was a wedging consolidation, which connected two major waves - wave 4 with wave 5. I think wave 5 by Elliot Wave Theory started and there is a huge probability for a strong quarter and reaching levels even above $100'000. In short term coming uptrend is confirmed by: - On 1-hour time frame correction is Zig-Zag - Dynamic support trendline on 1 hour TF - Tests of previous swing highs - Confirmed price action from daily & weekly If you have any questions related to this trading idea I will be happy to provide you with answers.
BITSTAMP:BTCUSDLong
by TradingTie
2
50k BTC just around the cornerI previously mentioned if we break this key support zone we would likely see further downside for BTC. I am looking for a 49-51k BTC by next week, before continuation to the upside. We are looking for the point of max pain here, its very common to push you to the point you are convinced the bull market is over, you sell your positions, take the loss and then the price decides to take off to the upside. We saw this previously after our last major run up to 64.8k We are always looking for some kind of reversal from BTC, but we also have to face the facts and react to what the chart gives us. Right now the charts tell us we broke key support and it is likely we are having a bearish retest right now and are looking for a bounce from the next major support. We have low trading volume and lots of fear in the market. It's a quick drop to 50k from here. Don't be surprised, we may even have a panic sell of and see a large daily wick around the 45k support. Set your buy orders!
Short
by UnknownUnicorn15302902
2
This Indicator just went long BTC for the first time since July!We've cleared this supply on BTC and are now looking for that upper level level at 52k after the first BTC long signal since July on the 1D The big round number that is $50,000 tends to hold a level of important psychologically with traders (Think 10k, 20k, 30, 60k for the first time.. and how that played with emotions). That's why despite the structure to the left giving up clean air to 52k, i'm playing with caution until 50k is confidently broken. This is a key level for BTC and emotions are running high, which means we need to brace for some BTC chop. Despite that, i'm expecting big things in Q4 2021, BTC seems to be pulling away from the traditional markets and standing on it's own 2 feet, which means big profits for traders like you and I. Please trade at your own risk and do your own TA and I'd love to hear your thoughts below. Take care friends. - May the profits be forever in your favour.
BITSTAMP:BTCUSD
by Unity-Trading-Group