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BTC Hovers at $28,000 with Strong ResistanceAs you may already be aware, BTC has reached an astonishing value of $28,000 with an alarming level of resistance. It was due to a fake story of a Blackrock ETF approval story. It is during times like these when it becomes crucial for us to reassess our strategies and approach trading with caution. In light of the current situation, I strongly encourage each one of you to consider pausing your BTC trading activities momentarily. This is not a call to panic or to suggest that the market will crash, but rather an opportunity to reflect on the potential risks involved. As experienced traders, we understand that it is imperative to exercise prudence and vigilance as we navigate the ever-changing dynamics of the crypto market. By pausing our BTC trading momentarily, we can gain a better understanding of the developing patterns and indicators that may guide our future decisions. It grants us the chance to reassess our risk management strategies, conduct thorough analyses, and seek advice from trusted experts in the field. This brief pause can help us avoid impulsive decision-making and allow us to approach the market with a clear and calculated perspective. As we tread this uncharted territory, uncertainty can be overwhelming. However, it is in these challenging times that we have an opportunity to learn, adapt, and grow as traders. Pausing BTC trading now may potentially save us from unforeseen losses and provide us with a chance to regroup ourselves for the next profitable move. Let us remember that our success as traders is not measured solely by our ability to act swiftly, but also by the wisdom and prudence with which we approach the market. So, take a moment and pause your BTC trading activities, reassess your strategies, and embrace this opportunity to ensure the long-term success of your trading journey.
BITSTAMP:BTCUSD
by bryandowningqln
BTC a quick lookBTC / USDT Bitcoin is in the range between 28k - 25k in boring period ( 2 months) 4H TF Chart analysis: Price dropped after making deviation above the range high and now is approaching very important demand zone Between 26400-26000, BTC have high chance to bounce But if it fails to bounce then ready for bears to take us at least below 25k in short term In long term : bulls must save 25k in high time frame (weekly) otherwise we will see significant drop in next months (if happen i believe it will be the final drop) More detailed analysis on long term in next update..don’t forget to support us by your likes(rockets) and comments Best of wishes
by Babenski
23
Bitcoin analysis in the next hoursIn the next few hours, the market is in a phase of uncertainty that could lead to a period of ranging, which is when prices fluctuate within a specific range without following a clear trend. This scenario is quite common on weekend days, when trading volumes tend to be lower due to the closure of many financial institutions. However, it is important to note that during these periods, the market may react unpredictably, especially if "whales", i.e. large investors or traders, decide to take action. There is an expectation that significant movements could occur on Sunday, just before the markets open. But as traders, we must remain cautious and wait for clear signals before making decisions. One of these signals could be the breaking of an upper resistance. If prices manage to overcome this level, it could be an indicator to consider long positions, i.e. aim for prices to rise. On the other hand, if we see a high volume move down towards the previous lows, we may start to consider bringing attention to possible short position openings. However, it is important to emphasize that we should be patient and wait for further confirmation before taking action. A key element to consider is the New York markets opening on Mondays. Often, this trading session can lead to significant movements in prices and volumes. The direction in which the weekly candle closes could have a significant impact on trading decisions and the overall direction of the market.
EIGHTCAP:BTCUSD
by AleSaira
Potential BTC Drop: Brace for a Decline to $20,000As you may be aware, the recent volatility in the cryptocurrency market, particularly Bitcoin (BTC), has raised concerns among traders and analysts alike. Based on our analysis and observations, it is crucial to address the potential risks associated with BTC's current price levels. While Bitcoin has experienced an impressive rally in recent months, surpassing all-time highs, there are indications that a correction may be on the horizon. Our conservative estimates suggest that if BTC falls below the critical support level of $25,000, it could potentially drop further to around $20,000. Considering these possibilities, it is essential to evaluate your investment strategies and assess the potential impact on your portfolio. We strongly advise traders to exercise caution and consider taking appropriate measures to protect their positions. One such strategy that may be worth exploring is shorting BTC. Shorting Bitcoin allows traders to profit from a declining market by borrowing BTC and selling it at the current price, with the intention of buying it back at a lower price in the future. This approach can help mitigate potential losses and even generate profits in a bearish market. While shorting BTC carries its own risks and requires careful consideration, it can serve as a hedge against a potential downturn. We encourage you to consult with your financial advisor or conduct thorough research before implementing any shorting strategies. As always, we appreciate your trust and loyalty. Stay vigilant and stay informed.
BITSTAMP:BTCUSDShort
by bryandowningqln
BTC Trading Alert: Exercise Caution Immediately with $28300I am reaching out to provide you with an important update regarding the current Bitcoin (BTC) market and the potential target price of $28300. As you may be aware, BTC has been displaying considerable volatility and has recently approached the target price of $28300. While it is challenging to predict the exact outcome, it is crucial to exercise caution and consider the potential risks associated with further trading at this time. Given the uncertainty surrounding the market, I would like to encourage you to pause your BTC trading activities temporarily. This recommendation is made to ensure the safety of your investments and to mitigate any potential losses that may arise from the current volatile conditions. By pausing your BTC trading, you will have the opportunity to reassess the market situation, evaluate the risks involved, and make informed decisions based on a more stable market environment. Remember, the cryptocurrency market is highly unpredictable, and it is essential to prioritize the preservation of your capital. Taking a step back from trading during this uncertain period will provide you with an opportunity to gather more information, analyze market trends, and potentially avoid any unfavorable outcomes. Please note that this idea serves as a cautionary advice, and ultimately, the decision to pause BTC trading is entirely up to you. However, I strongly urge you to consider this recommendation seriously, as it may help protect your investments from potential losses. Should you have any questions or require further assistance, please do not hesitate to reach out by commenting below.. We are here to provide guidance and support during these challenging times. Thank you for your attention and understanding. Stay safe and make informed decisions.
BITSTAMP:BTCUSD
by bryandowningqln
BTCUSDTBased on the given market data, BTC is currently priced at 27381.0 USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 35.72, 56.51, and 53.28 respectively. The RSI values indicate that BTC is nearing oversold conditions in the short term (4 hours), but is in a relatively neutral position in the longer term (1 day and 7 days). The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -68.90, 296.0, and 233.0 respectively. The negative MACD for 4 hours suggests a bearish trend in the short term, while the positive MACD for 1 day and 7 days suggests a bullish trend in the longer term. In terms of Bollinger Bands (Bb), the 4-hour, 1-day, and 7-day bands are located at 27758.0, 27101.0, and 28045.0 respectively. The current price is slightly below the middle band in all three time frames, suggesting a neutral to bearish trend. The Support levels for 4 hours, 1 day, and 7 days are 27132.0/26970.0/25881.0, 25965.0/26057.0/25350.0, and 24680.0/21516.0/19520.0 respectively. The Resistance levels for these time frames are 27637.0/28000.0/28600.0, 28380.0/28774.0/30175.0, and 28578.0/32800.0/33500.0 respectively. In my opinion, BTC is showing signs of short-term bearishness but long-term bullishness. Investors should keep an eye on the support and resistance levels, as well as the RSI and MACD for potential buy or sell signals. Please note this analysis is based on historical data and does not guarantee future performance. Always do your own research and consider your risk tolerance when investing in cryptocurrencies.
by MarsSignals
3
$BTC's Key Resistance Trendline for This WeekBTC has been very bullish since late September and early October, but has reached strong resistance at $28k. The orange trendline is a key price target where BTC bulls and bears are struggling to gain control over this price level. The trendline acted as support for a few hours before ultimately breaking below, and is currently acting as short-term resistance. For now BTC is trading in a range between the white support zone and the $28k resistance level. In order for BTC to climb up higher this orange trendline needs to be flipped into support. The markets have been affected by the new Israel Palestine conflict. Other key events this week are September PPI inflation data and Fed meeting minutes on Wednesday October 11. I think the markets are likely to have some sideways price action on Tuesday in anticipation of the new inflation and fed data.
COINBASE:BTCUSD
by realchartchamp
Macro, multi year view of BTC. Update 1Notes on the chart: • Month counting starts from where a new bull run begins and on the chart it marks how many months it took for the full cycle to complete (roughly 49mo). • Blue horizontal lines are BTC halvings. • Green zones are accumulation zones Overall update of the 4-year journey Back from our previous post we were looking at when the lows would be printed. After the rally in H1 of 2023, we are now looking at the expectations in the year looking forward and up to 2025. In trend with previous years when a new cycle starts an initial top is usually printed within 6 months and this time was no different. Based on history, from month 6 (July 23) onwards, up until the halving which is expected in March 2024, BTC has seen significant drops. However, I would strongly argue this is the true accumulation zone: 1) Confirmation of the 4-year cycle low has been set. Of course, this can be invalidated, but I would say that a significant catastrophic event would be needed to reach such levels. 2) Before every bull run, a shake-out is needed as it achieves the transfer of bitcoin from retail back to investors AND 3) Large institutions are finally eyeing to tap into the market and be exposed to this. I think it would be impossible for anyone in this space to miss the idea of a BTC spot ETF being delayed over and over but the narratives just seem to be perfectly aligning for the upcoming years 24,25. Those would be: US elections, returning to QE as recession fears grow (consumer spending is dwindling), possibly the Ukraine war will be over, and BTC halving. Takeaway The period up until the halving will be volatile. However, based on history DCA up until the halving should allow you to have a fairly comfortable position for the following years.
BITSTAMP:BTCUSD
by Slickxbt