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Bitcoin (Cryptocurrency)

📈 BTC vs. S&P500: Broken Correlation & The Next Big Move!🔥🔀💰Wishes for a nice month everyone and let's all pray for logic and Peace in the World.🌍 🎓 November has started with a bang, and we're seeing some interesting movements in the financial market. 📊 🔍 Observations: Bitcoin's Rollercoaster: BTC took a slight dip today, even after a splendid performance post the Federal Reserve announcement. 💸 Inverse Correlation Emerges: Historically, Bitcoin & S&P 500 moved hand in hand. But now? They're moving in opposite directions at times! 🔄 Past Patterns: Dive into 2018, 2019, and 2020, and you'll see this dance between BTC and S&P 500. Correlation breaks, then normalizes, and ultimately... BOOM! 🚀 A significant price movement ensues. 🤔 Thoughts: ChatGPT Insights: Looked up ChatGPT for more on this correlation break. Factors like market sentiment, liquidity, and micro events could be playing a role. Current Market Trend: Bitcoin's moving up while indices correct. What's next? We might see this correlation normalize soon. 🔄 The BIG Resistance: Keep an eye on Bitcoin as it approaches the major resistance level I've been talking about. This could be a pivotal point! 🔝 🔥 Hot Takes: Bitcoin: Feeling bullish! Major support lies around 34,000, and I'm optimistic about BTC reaching the 37,000 mark and beyond. 🚀 S&P 500: Spotted a significant resistance at 4,327. Bearish trends have been dominant since last year, but a break above this resistance could change the narrative. 🐻 vs 🐂 In conclusion, watch out for the correlation between Bitcoin and the S&P 500. When it breaks and normalizes, it might just present a golden opportunity! 🌟 Keep observing, analyzing and take grown up decisions; stay vigilant, and remember to do risk management and have patience 💰 One Love, The FXPROFESSOR 💙 link:
SP:SPX
by FX_Professor
TRON (2023) v BTC (2016)Tron (TRX) has been a legacy coin that has held its own and carved out a niche Most legacy coins have faded away into obscurity as they've been unable to find a usecase or adoption. They may still have high market caps and may still turn things around but as of now many older coins are falling down the ranks. New coins are eating up dominance. Not for Tron. Tron has consistently been raking in fees and holding a relatively very low fee to price ratio (according to tokenterminal). $3m in daily fees v SEED_TVCODER77_ETHBTCDATA:8B FDMC To put into perspective.. Ethereum has had $3.4m fees in the same 24hr period and has a $200b+ FDMC. This makes Tron look wildly cheap into those isolated terms. According to Tron they'll continue using fees to burn token supply. Essentially share/token buy back program. With SEED_TVCODER77_ETHBTCDATA:1B in yearly fees and SEED_TVCODER77_ETHBTCDATA:8B in FDMC.. in 8yrs time 1 single TRX will be worth SEED_TVCODER77_ETHBTCDATA:8B (all things remaining equal.. they wont). This creates an interesting opportunity to keep an eye on. From a TA perspective we have a very bullish structure on TRX This structure is reminiscent of BTC back in 2015/2016 in the build up to the 2017 bull market. Check video for more details on the technical side of things.
BITSTAMP:BTCUSDLong
by CryptoCheckGroup
7
BTC Bitcoin Technical Analysis And Trade IdeaIn this video, we conduct a comprehensive analysis of BTC (Bitcoin), examining the unmistakable bullish trajectory it has exhibited on higher time frames. At present, Bitcoin has ascended to a pivotal monthly and weekly resistance level. Our analysis encompasses a meticulous review of the chart, where we scrutinize essential elements of technical analysis, including trend dynamics, price action patterns, and market structure. As the video unfolds, we explore a potential trade idea. Please note, the information presented is intended solely for educational purposes. It should be underscored that our insights are not to be misconstrued as financial advice, and prudence in risk management remains paramount.
OANDA:BTCUSDLong
by fxtraderanthony
7
Bitcoin: Thoughts and Analysis Today's focus: Bitcoin Pattern – Ascending Triangle Pattern Support – 33,780 Resistance – 34,717 - 35,480 Hi, and thanks for checking out today's update. Today, we are looking at the Bitcoin on the daily chart. Today's focus mainly focuses on the ascending triangle pattern we are seeing in the current up-leg. Could this set up a new breakout that retests the channel top and last week's high? We have laid out a few scenarios we are watching this week from price in its current pattern. The two main thoughts are a new push higher. Or a pattern fail and a new push lower. Overall, we are remaining bullish due to last week's firm leg higher. If selling does develop, we will look for new higher lows to set up new continuations higher in the longer-term up leg. Good trading.
EIGHTCAP:BTCUSD
by Eightcap
Weekend Update - Stocks and Bitcoin DivergenceTraders, If you've been reading my static posts, you'll know that the SPY has reached its downside target of 410 for the head and shoulders pattern that we've been watching. It's now looking like a bounce can be expected. I'll briefly touch on what I am seeing on the SPY chart as well as the DXY, VIX, and, of course, Bitcoin. I'll also quickly brief you all on my Bitcoin short trade and what I am expecting might occur here. Best, Stew
INDEX:BTCUSD
by stewdamus
1
BITCOIN - Clarification of the Expected Moves Ahead...In my previous video, I initiated the initial stages of planning for some upcoming trades using AriasWave, which allows me to anticipate market movements at specific junctures. Now that we've analyzed the intricacies of this extensive zig-zag pattern, I'm able to present a variety of trade ideas for the upcoming moves. Rather than overwhelming you with ideas that may not align with our objectives, I've patiently awaited the right signals that indicate we now have a solid foundation to work from. I'm just beginning to explore these new concepts for this very reason. If my assessment of our current position is accurate, these trades should be relatively straightforward to execute. It's time to put these ideas into actionable trading opportunities, and the results will speak for themselves.
by AriasWave
4
BTC - NEXT: Extremely Overbought, RSI hits 102Hi Traders, Investors and Speculators of Charts📈📉 I'm expecting some more volatility on Bitcoin as the RSI recently 102 which indicates and extremely over bought market. This is also confirmed by the technical indicator. Usually, after such extreme numbers are hit on the RSI, the price needs to "cool down" or retrace before continuing back upwards. This could mean lower price action for a few days ahead. It's vital that we retrace back towards the $32k zone to CONFIRM this as new support, and not a fakeout. Two scenarios I have highlighted on the chart is either straight up to the 1.618 and then the support confirmation, or first support confirmation and then up to 1.618. Either way, I'm bullish on BTC and I'll be looking to take a long from support at $32k. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BINANCE:BTCUSDLong
by Crypto-Check-
8
BTC - You've never seen anything like it.Very useful informationIn this video I showed a cycle consisting of 2222, 3333, 4444 days. Which signaled the beginning of strong growth. Before these strong growths there was always a local squeeze. Therefore, I expect a decline to early October as part of the 44 week 44 from the 15555(21) bottom to be an amplified move, possibly to $23000. Then from the 69 tisyach high, we will have 693 days to October 2, I expect at this point a reversal and strong growth. 369( denotes shortsqueeze and longsqueeze in this case, imho) We have a bottom forming at the beginning of October, after that we rise so that there are no good entry points, for the scared crowd, when they accept the BTC ETF in mid-October and there will be a very strong dump globally my conservative target is $48000. This is not an exact price level, I will be pushing back on cycles. Also in the video I forgot to say that I expect a decline in late November - early December, local or global, I won't say, I will look for signals in tweets and on the chart, for those who understand the volume (69k 88.88))). 33.33 and degree system. Also reminder if I expect a strong rise then somewhere around early May 2024 we should be able to fall hard, I really want to see some kind of stock or stablecoin scam. And then a strong reversal upwards in the spring of 2024. How strong I don't know. Globally I would also add that the significant date is 2026, in the video I showed a more precise month. This is also a strong reversal moment. If you like it put likes and comments.
BITSTAMP:BTCUSD
by FTT_TRADER369
8
BITCOIN PUMP SOOM\Interesting fractalFrom the 69k high, we will have 699 days and a fractal in the buffer zone that was formed on the dump at the FTT, now there could be a strong rise on news, I don't know what kind of news it will be, but it will be. I'm waiting for the upside and in general we need to look at fibonaci and wave structure and numerology, comets and asteroids to see where we will have a reversal in the future. And cycles. If you like the idea, comment and like it, it will help me push the idea to the top to be seen by as many people as possible.
Long
by FTT_TRADER369
8
🚨 URGENT: iShares Bitcoin Trust Listed on DTCC! BTC Breaks $31K🚨 URGENT: BTC Breaks Through $31K! 🚀 Next Stop: $44K? 🎯 Text: Hey Folks! 🙌 Urgent news—BTC just busted through some major resistances. We're talking $31,500 and $31,000 acting as support now! 💪 Time for a reality check: 3rd attempt to soar past FWB:31K : Success! 🥳 Next stop if we stay above FWB:31K : A rapid ride to $44K! 🚀 *Good News Alert: The iShares Bitcoin Trust just got listed on DTCC! 🎉 So, an ETF approval is almost a done deal. 📈 Last FUD: JP Morgan blocking crypto in the UK—seems like their loss. We said it was a chase for cheaper BTC, and boom! 🎯 (Link) Odds & Ends: 55% chance we'll rise without dropping back down. 📈 30% chance of a dip to $30K before bouncing back up. ⬆️ 15% chance we might go lower. ⬇️ That’s it for now. If you’ve got Qs, hit up the comments below. 🔽 Stay tuned for more updates! One Love, The FXPROFESSOR 💙 * The Depository Trust & Clearing Corporation (DTCC) is a U.S. financial services company that provides clearing and settlement services for financial markets. When the iShares Bitcoin Trust is listed on the DTCC, it indicates that the trust's trades can now be cleared and settled through this well-established financial institution. This is big because it provides an extra layer of security and legitimacy to trading the asset. The listing on DTCC is often considered a step toward getting an ETF (Exchange-Traded Fund) approved. ETFs are investment funds traded on stock exchanges, and they can make it easier for retail and institutional investors to invest in assets like Bitcoin without actually holding the cryptocurrency themselves. So, when you hear that the iShares Bitcoin Trust got listed on DTCC, it suggests that an ETF approval could be just around the corner. This would be a huge deal for Bitcoin and the crypto market as a whole, likely bringing in more liquidity and potentially pushing up prices. twitter link: x.com
Long
by FX_Professor
5