Bitcoinoutlook — Trading Ideas on TradingView

Bitcoin's Bearish Momentum Builds: Could 55k Be the Next Target?On Sunday, I shared an article expressing my view that Bitcoin might remain in a range for an extended period. As expected, whenever someone suggests something other than Bitcoin rising, critics are quick to respond. However, Bitcoin has since broken below its local support and dipped to the 60k level. Looking ahead, I expect the decline to continue, with BTC/USD likely to fall well below 60k. Currently, the 63k zone is acting as resistance, and any rallies into this area present potential selling opportunities for speculative traders. A reasonable target for this downtrend could be around 55k, with the invalidation of this bearish scenario occurring if Bitcoin breaks back above the 65k level.

Bitcoin Support & Resistance- 09-Sep-24 Bitcoin Support & Resistance- 09-Sep-24 Further to my post last week, The supports are working fine and 52650-52750 ( Previous Feb 24 high) and Fib Support 51750, further downside 44736 ( Fib support) to watch out. Supports provided with clear mark up in the chart.

Rug pull when?will daddy powell send us to the moon or back to earth? thats a massive move in just one quarter. dont be the last one at the top

HODLers, keep on HODLing!Hello folks, If bitcoin acts like bitcoin always has, we will be seeing a return to about 45k at least this year. I will agree that the markets are in a dire situation right now. There are serious headwinds. The Fed is raising rates. Stocks have fallen hard. People's 401ks have been suffering. But life has a way of surprising you. Things happen that you just do not expect. The human spirit is strong and overcomes these times. Having faith in the goodness of humanity's efforts will reap rewards. Have faith. Bitcoin and alts will return to glory days again.

10:14

Has Bitcoin Bottomed Out Yet?Has Bitcoin finally finished selling off? I believe Bitcoin is VERY close to forming a bottom. The market is selling off due to the Fed meeting, COVID is raging, inflation numbers are on the way, people are getting liquidated, blah, blah, blah... Bitcoin is performing perfectly in line. It has deviated from historical price action. I believe that is due to lengthening cycles and diminishing returns. I know you hate to hear it, but it looks like Bitcoin's halving cycle is taking longer to reached expected prices based on S2F. This is not a bad thing! As the crypto markets mature, become more stable, and regulated, we can expect volatility and accurate predictability of price action to decrease. This is a sign of the maturation, adoption, and most importantly, the HODLING of Bitcoin. What we can expect in 2022: - regulation and possible approval of spot ETF products - institutional adoption - China selling pressure to decrease - Saylor and Co. to buy more, along w/ other billionaires - Hash rate to continue to rise and recover from current (12%) drawdown - More involvement in the metaverse - 1-2 countries to accept it as legal tender - Adoption, adoption, and more adoption Destiny Arrives All the Same. Looking at the charts: - BTC is experiencing heavy sell pressure - BTC is respecting the bump and run TL - Throwback retest is textbook - BTC is in a critical range that will decide its next move (up or down) - BTC.D near 32% which is the region where altcoins explode - Altcoins showing strength against BTC - RSI is at its bottom, IMO - RSI could go lower which would take price w/ it - RSI is EXTREMELY oversold (as much March 2020) - MACD not flashing any bullish signals Bitcoin is shaking out weak hands, heavy leverage, and selling off due to the Kazakhstan internet shutdown. Bitcoin market cycle don't end in extreme fear... they end in extreme euphoria. Retail has yet play. The markets are shedding, do not sell to the whales. Bitcoin will recover. Bitcoin will endure. Good luck,