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2024

BTC and ETH Leading the bull chargeI am closely watching BTC and ETH for the run-up in 2024. I prefer to invest my money into ETH and stake for Steth or ETH rewards from Lido or Gemini. Currently, look at new targets at 1.618 for both charts. This is the beginning of the real upside before seeing any downside. Accumulating ETH at these levels. No one is watching Ethereum as much as BTC and some altcoins, so it's an excellent asset to accumulate. In the past years, watching the relationship between BTC and ETH market caps, ETH usually stayed at least 50% of BTC's market cap. This is not to say that it can match the trend completely because the market cap changes over time, but if ETH is going to stay number two, it will need to widen the cap between the market cap of #3.
COINBASE:ETHUSDLong
by WiThConFi
BTC => Bullish UNLESS...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. In accordance with my previous BTC analysis, BTC is currently hovering inside a massive weekly resistance zone 48k - 50k. 📈 The bulls will remain in control, unless the last low marked in red at 47,500 is broken downward. 📉 In such a scenario, the bearish correction would start leading to a movement till the lower red trendline and demand zone at 45,500. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
Bitcoin - Long-Term Log View - Targeting 200k 🎯Hello TradingView Family / Fellow Traders, 🖇Following my last BTC Monthly log view analysis on November 11, 2022, we anticipated the bulls taking control after rejecting the lower green trendline and horizontal support. What's Next? 📈 If the current all-time high (highlighted in red) is surpassed, we anticipate a 254% increase, mirroring the last bull cycle. This aligns with the upper boundary of the green channel and the 250k round number. ⚠️ However, the journey may encounter bumps, leading to sharp correction movements to shake out weak hands. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
BITSTAMP:BTCUSDLong
by TheSignalyst
35
HSI ForecastThe current status is uncertain, and there are two possibilities: 1. If it is the 2nd wave of an upward trend, the HSI (Hang Seng Index) will rebound in the short term and surpass 16500. The level of 16500 will be tested multiple times, which would be the most favorable situation for the HSI. 2. If it is the 5th wave of a downturn, the HSI will break the 15400 level and drop even further, below 14470, previous bottom, and towards 13000. In 2024, I expect the HSI to fluctuate between 15300 and 17100 until the market gains a clearer understanding of China's economic performance. At the beginning of 2024, in the very short term, the trend is likely to decline further. I anticipate that the HSI will test a near-term new low at 15300. However, after the 1st quarter, it could benefit from a lower Federal Reserve interest rate. Nevertheless, the strength of the rebound may not be very strong due to the prevailing uncertainty in the market. We can target the rebound to 16500 or max 17000. Disclaimer Please understand the forecasting will be subjected to many factors and this is the vision at this moment. This comment is not encouraging you to follow or make any investment decision. You will be the only one be responsible for your investment decision and any related behavior. I am not going to bear any legal or non-legal responsibility.
HSI:HSI
by RedCranePunch
1
BTCUSD Trend Analysis, Halving, & ETF ApprovalAs of January 13, 2024, the price of Bitcoin (BTC) is trading around $42,000. From a technical perspective, the price is approaching the support area of the blue trendline. This trendline has been in place since Sep 2023. If the price breaks below this trendline, it could open the door to further decline. On the other hand, if the price is able to hold above the trendline, it could signal a bottoming formation. In this case, the price could then begin to rally. Bitcoin Halving Bitcoin Halving is a scheduled event that occurs every four years. During the Halving, the reward for mining Bitcoin is cut in half. This event is expected to occur in early 2024. The Bitcoin Halving is typically followed by a period of price volatility. This is because the Halving reduces the supply of Bitcoin, which can lead to increased demand. ETF Approval The US Securities and Exchange Commission (SEC) recently approved the first Bitcoin ETF. This is a significant development for the cryptocurrency market. The ETF approval could lead to increased institutional investment in Bitcoin. This could help to support the price of Bitcoin in the long term.
COINBASE:BTCUSDLong
by DNP-FX
BTC - It is a matter of time ⏱Hello TradingView Family / Fellow Traders, 📈 BTC has demonstrated an overall bullish trend, trading within the ascending channel outlined in red. Following a rejection at the 48,000 - 50,000 resistance range, BTC experienced a decline and is currently approaching the lower red trendline. Additionally, the zone between 44,500 and 45,000 serves as a robust support area. 🎯 Therefore , the highlighted red circle signifies a significant zone to consider for potential buy setups. This area is noteworthy as it marks the convergence of the blue support and the lower red trendline, acting as a non-horizontal support. 📚 In accordance with my trading style: As BTC nears the red circle zone, I will actively search for bullish reversal setups to capitalize on the anticipated next bullish impulse movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
25
Bitcoin's next cycle top REVEALEDAs you can see from the chart, if you measure how many days before a halving, did the cycle low occur. For ex, in November 2012's halving, ~373 days before btc found a cycle low, projected into the future, ~373 days after the halving, a cycle top is in. Same thing with 2016's halving. Cycle low ~540 days before the halving, projected into the future ~540 days after the halving, we have a cycle top ($20k). Yet again, with 2020's halving, btc found a low around 513 days before the halving, projected into the future, it took 513 days for a cycle top to be in. Now in 2024's halving. Btc found a cycle low ~525 days before the 2024 halving ($15k)..Projected into the future ~525 days after the halving we should get a cycle top in Sept 2025. Will history repeat itself yet again?Check back with this chart in 2025 :) Good luck
BNC:BLXLong
by innerstanding
Bitcoin Price Analysis: 2024 ideasPrice Projections: Anticipating Bitcoin's price to range between $30,000 and $50,000 until the end of 2024. In case of a dip below $30,000, expecting potential support levels at $27,000 or $24,000. Halving and Support Levels: Recognizing the significance of halving events, expecting a higher support level than the commonly noted $24,315 due to bullish sentiments. Emphasizing the importance of timing and previous cycles in determining support levels. Institutional Influence: Suggesting that institutions aim to push the price down pre-bull run to accumulate for ETFs, potentially resulting in a flush of long positions. Market Behavior: Observing historical trends where price often dips prior to significant bull runs, allowing accumulation by institutions and smart money. Drawing a channel diagonal to illustrate reaction points, timing related to halving events, and support levels.
INDEX:BTCUSD
by thiagopinheiromusic
ETH - Break Or Make Zone ❗️Hello TradingView Family / Fellow Traders, From a long-term perspective, ETH is currently hovering around a robust resistance zone and the upper bound of the brown channel. Weekly Chart: 📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 2500.0 is essential for the bulls. If achieved, a movement toward the next resistance at approximately 3000.0 could be anticipated. H4 Chart: 📉 Conversely, the bulls will remain in control unless the local support in red at 2100.0 is broken downward. In this case a bearish correction till the 1750.0 mark would be expected. Which scenario do you think is more likely to happen 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
4
CGC (Cannabis stock )Investing in cannabis stocks has been a rollercoaster ride, with fluctuating values due to legal, regulatory, and market factors. Despite volatility, the future looks promising as legalization continues in various regions. Motivation lies in the potential growth as the industry matures and gains wider acceptance, leading to increased market opportunities and potential profits for savvy investors. Understanding the landscape, staying informed about legislative changes, and diversifying your portfolio can help navigate the uncertainties and maximize the potential of cannabis stocks in the long run
NASDAQ:CGCLong
by TrojanBible