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BITCOIN (1H) UPDATE$BTC {spot}(BTCUSDT) hello guys Due to the selling pressure, we expect Bitcoin to move up to the specified support box and then, if the support range is maintained, it can move to the specified targets. Note that this analysis is technically reviewed. Be successful and profitable. #BTC☀️ #BTC🔥🔥 #MarketRebound

BITCOIN (1H) UPDATE

$BTC

hello guys

Due to the selling pressure, we expect Bitcoin to move up to the specified support box and then, if the support range is maintained, it can move to the specified targets.

Note that this analysis is technically reviewed.

Be successful and profitable.
#BTC☀️ #BTC🔥🔥 #MarketRebound
📊Bitcoin (BTC): Re-Test of Resistance Zone / Sellers Dominating$BTC {spot}(BTCUSDT) After catching 14-15% of market price movement last week, we had since then made a successful re-test of that local resistance zone, and above that, we formed so far some kind of fakeout move (resulting in an ATH). We are now looking for a possible break of previous low zones, which would send price back to even lover zones, so we wait!! #BTC☀️ #btc70k #BTC🔥🔥 #Write2Earn! #BinanceSquareFamily

📊Bitcoin (BTC): Re-Test of Resistance Zone / Sellers Dominating

$BTC

After catching 14-15% of market price movement last week, we had since then made a successful re-test of that local resistance zone, and above that, we formed so far some kind of fakeout move (resulting in an ATH).

We are now looking for a possible break of previous low zones, which would send price back to even lover zones, so we wait!!
#BTC☀️ #btc70k #BTC🔥🔥 #Write2Earn! #BinanceSquareFamily
PISBAZ:
BTC going up 🤔🧐
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#ChristmasMarketAnalysis as we are observing, this Christmas the #BTC🔥🔥 has been rising but we must take into account that in previous years its fluctuation was lower so we have to wait and see what happens in the market of the cryptocurrencies$BTC {spot}(BTCUSDT)
#ChristmasMarketAnalysis as we are observing, this Christmas the #BTC🔥🔥 has been rising but we must take into account that in previous years its fluctuation was lower so we have to wait and see what happens in the market of the cryptocurrencies$BTC
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$BTC has a performance closely aligned with the market, the December logic generates fluctuations likely more negative than positive, but by the end of the year its behavior will undoubtedly change to 📈 that is, I expect a few more days to buy more #BTC🔥🔥
$BTC has a performance closely aligned with the market, the December logic generates fluctuations likely more negative than positive, but by the end of the year its behavior will undoubtedly change to 📈 that is, I expect a few more days to buy more #BTC🔥🔥
--
Bullish
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What is your view on Bitcoin (BTC) and will it reach $112k $123k $130k or drop to $90k $87k $84k Share your view in the comments 🫵🏻 $BTC My opinion in the first comment 👇🏻 {future}(BTCUSDT) #BTC🔥🔥
What is your view on Bitcoin (BTC) and will it reach
$112k
$123k
$130k
or drop to
$90k
$87k
$84k

Share your view in the comments 🫵🏻
$BTC
My opinion in the first comment 👇🏻

#BTC🔥🔥
aboalrem:
120
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“XRP: The Future of Finance in Lunar Orbit”1. What is QFS 5D? The QFS (Quantum Financial System) is presented as a revolutionary financial system, based on quantum technology that offers increased security and transparency. The “5D QFS” seems to go beyond that, implying an advanced dimension where the interconnection of finance, technology and human consciousness plays a central role in the future economy. 2. Why do we need Starlink Internet? Starlink, designed by SpaceX, provides fast and secure internet via low-orbit satellites. It is often considered a critical infrastructure for systems like QFS, as it ensures global connectivity and resistance to cyberattacks, making it possible to integrate advanced technologies, including in decentralized finance.

“XRP: The Future of Finance in Lunar Orbit”

1. What is QFS 5D?

The QFS (Quantum Financial System) is presented as a revolutionary financial system, based on quantum technology that offers increased security and transparency. The “5D QFS” seems to go beyond that, implying an advanced dimension where the interconnection of finance, technology and human consciousness plays a central role in the future economy.

2. Why do we need Starlink Internet?

Starlink, designed by SpaceX, provides fast and secure internet via low-orbit satellites. It is often considered a critical infrastructure for systems like QFS, as it ensures global connectivity and resistance to cyberattacks, making it possible to integrate advanced technologies, including in decentralized finance.
See original
#BTC🔥🔥 Anyone who has a digital currency wallet and wants to make an investment and achieve a permanent profit every 48 hours from a single investment should send a message for details of a real, guaranteed, and lawful investment, away from fake websites and platforms.
#BTC🔥🔥 Anyone who has a digital currency wallet and wants to make an investment and achieve a permanent profit every 48 hours from a single investment should send a message for details of a real, guaranteed, and lawful investment, away from fake websites and platforms.
Amy 2020:
. مهتم
📊BTC/USDT UPDATERealistic Expectations. $BTC {spot}(BTCUSDT) If I had to be honest. I think why I got so mad at the Bitcoin space is people you trust keep hollering these outlandish expectations and you internalize them and believe. And then see the reality in the ChART and realize your hero's are either stupid or scammers. Not to mention some of the cultist behavior is a turn off. But in 2017 we were going to 250k. At 20k I was starting to be suspect. At 17k I sold. Thought ok I am getting the hang of this. Then i said I can macro ChART Bitcoin with the best of them. And I obviously can. As I called the first top to a T. But then I was like I am tired of the cum rockets stealing the glory here. And just got totally negative on the space. Because that was the whole story. Limited supply yada yada. But how can you claim that when the Total 2 (ALTCOIN) market cap is as large as the BTC market cap. So without the shitcoin show. Bitcoin would already be at 250k like we all have been anticipating. Instead it just breached 100k. So Bitcoiners have overtly been diluted by 50% whether they like to admit it or not. With that being said. From a fundamental and technical perspective. Bitcoin and the shitcoin show are here to stay. Just as penny stocks trade along side of valid companies so shall it be in Crypto. But evaluating the long term aspects of Bitcoin. These outlandish claims of billion dollar bitcoin and million dollar this and that. It's scammy pump talk... I think over the next 27 halvings Bitcoin will compete with Gold and Silver at this point for the foreseeable future. But market caps matter and have to make sense. Global GDP is 100 trillion! Gold for instance at 18 trillion now. That is 18% of Global GDP... For Bitcoin to trade for a billon dollars a coin. That would be 2.2 QUADTRILLION! So Bitcoin will trade at 22 X Global GDP! You see the problem with the math here? The GLOBAL STOCK MARKET VALUE IS 55 TRILLION!!!! 55% of global GDP! People talking about Gold tripling from here are either ignorant and haven't thought this through, or scam artists themselves in my opinion. So as I type this message Bitcoin is around 1.9% Global GDP... Silver 1.7%... These two individual asset classes are the skinniest of the bunch. I DO NOT SEE GOLD TRILPING OR EVEN DOUBLING FROM HERE TO MATCH THE STOCK GLOBAL MARKET! I DO NOT SEE THE STOCK MARKET TRIPLING FROM HERE TP BE WORTH MORE THAN IT PRODUCES!!! I do think that over the next 5 decades or so Bitcoin will ebb and flow through cycles that will eventually see it trade somewhere around half of what Gold is (10% of GDP) and maybe after 100 years flip Gold. So if you are 20 you may see that happen. But until then 4 year cycles taking out 50k chunks of that price and retracing as profit taking is taking place. I also see Silver as it is needed in the manufacturing of modern technology as a skinny asset class that will probably eventually over the same 5 decades or so be worth 5 or 6% of Global GDP. And yes population is growing etc. and so on but all we have is todays evaluations. So IMHO what are the two best assets to DCA for the next 30 years? Silver and BTC... But I will still add some Gold, and S&P ETF... I am done with the all in and all or nothing approach. The only one way mindset... I am an Saver/Investor/Positional Trader/Swing Trader/ & Day Trader... I enjoy all aspects of the investing world. That is diversification as much as asset classes. Multiple ways to generate wealth in the markets. Taxes with BTC are confusing to say the least. Same with Physical Gold and Silver, not to mention you get punished as a collector. So never sell! Pass them on! So save cash! Stack Gold and Silver indefinitely... Stack BTC indefinitely... Stack an S&P ETF or mutual fund indefinitely... Positional Trade Dividend Stocks... (medium size) Swing trade speculative stocks... (small size) Day trade high volume mega cap stocks... (small to medium size) Large and Supersized plays kills financial situations just as it does in your diet. NEVER OVERTRADE OR OVERSIZE! The less you trade the more you make. And remember when trading the BEST LOSER WINS! LOSE SMALL, BREAK EVEN, WIN SMALL, WIN BIG... This is the only way!!! Fear instead of hope. Hope instead of fear... Most get this backasswards. So onto this ChART... The 200 week SMA is the key here. It should stay right around that angle from here on out. Spreading from it pulling it up and coming back to test it once it gets to far away. I think a 20% correction to about 80k in early spring and a 2025 top around 130k is in play. The correcting to around 50k in 2026-27... Then by 2030-32 after the next halving maybe around 170k. Then rinse and repeat. Which is why a DCA approach with this asset is the most logical emotionless approach with this asset. $20-$100-$500 a week. I don't know your budget. But that is what I will be doing from here on out with Bitcoin. Because I think it would be a dereliction of duty to any portfolio to not be doing so at this point. Merry Christmas and Happy New Year Traders #BTC🔥🔥 #BTCUSDT #Wtite2earn #BTCNextMove #FranklinCryptoETF

📊BTC/USDT UPDATE

Realistic Expectations.
$BTC

If I had to be honest.

I think why I got so mad at the Bitcoin space is people you trust keep hollering these outlandish expectations and you internalize them and believe. And then see the reality in the ChART and realize your hero's are either stupid or scammers. Not to mention some of the cultist behavior is a turn off.

But in 2017 we were going to 250k. At 20k I was starting to be suspect. At 17k I sold.

Thought ok I am getting the hang of this. Then i said I can macro ChART Bitcoin with the best of them. And I obviously can. As I called the first top to a T. But then I was like I am tired of the cum rockets stealing the glory here. And just got totally negative on the space.

Because that was the whole story. Limited supply yada yada. But how can you claim that when the Total 2 (ALTCOIN) market cap is as large as the BTC market cap. So without the shitcoin show. Bitcoin would already be at 250k like we all have been anticipating. Instead it just breached 100k.

So Bitcoiners have overtly been diluted by 50% whether they like to admit it or not.

With that being said. From a fundamental and technical perspective. Bitcoin and the shitcoin show are here to stay. Just as penny stocks trade along side of valid companies so shall it be in Crypto.

But evaluating the long term aspects of Bitcoin. These outlandish claims of billion dollar bitcoin and million dollar this and that. It's scammy pump talk... I think over the next 27 halvings Bitcoin will compete with Gold and Silver at this point for the foreseeable future. But market caps matter and have to make sense.

Global GDP is 100 trillion!

Gold for instance at 18 trillion now. That is 18% of Global GDP... For Bitcoin to trade for a billon dollars a coin. That would be 2.2 QUADTRILLION! So Bitcoin will trade at 22 X Global GDP! You see the problem with the math here?

The GLOBAL STOCK MARKET VALUE IS 55 TRILLION!!!! 55% of global GDP!

People talking about Gold tripling from here are either ignorant and haven't thought this through, or scam artists themselves in my opinion.

So as I type this message Bitcoin is around 1.9% Global GDP...

Silver 1.7%...

These two individual asset classes are the skinniest of the bunch.

I DO NOT SEE GOLD TRILPING OR EVEN DOUBLING FROM HERE TO MATCH THE STOCK GLOBAL MARKET!

I DO NOT SEE THE STOCK MARKET TRIPLING FROM HERE TP BE WORTH MORE THAN IT PRODUCES!!!

I do think that over the next 5 decades or so Bitcoin will ebb and flow through cycles that will eventually see it trade somewhere around half of what Gold is (10% of GDP) and maybe after 100 years flip Gold. So if you are 20 you may see that happen. But until then 4 year cycles taking out 50k chunks of that price and retracing as profit taking is taking place.

I also see Silver as it is needed in the manufacturing of modern technology as a skinny asset class that will probably eventually over the same 5 decades or so be worth 5 or 6% of Global GDP. And yes population is growing etc. and so on but all we have is todays evaluations.

So IMHO what are the two best assets to DCA for the next 30 years?

Silver and BTC...

But I will still add some Gold, and S&P ETF...

I am done with the all in and all or nothing approach. The only one way mindset...

I am an Saver/Investor/Positional Trader/Swing Trader/ & Day Trader...

I enjoy all aspects of the investing world.

That is diversification as much as asset classes.

Multiple ways to generate wealth in the markets.

Taxes with BTC are confusing to say the least. Same with Physical Gold and Silver, not to mention you get punished as a collector. So never sell! Pass them on!

So save cash!

Stack Gold and Silver indefinitely...

Stack BTC indefinitely...

Stack an S&P ETF or mutual fund indefinitely...

Positional Trade Dividend Stocks... (medium size)

Swing trade speculative stocks... (small size)

Day trade high volume mega cap stocks... (small to medium size)

Large and Supersized plays kills financial situations just as it does in your diet.

NEVER OVERTRADE OR OVERSIZE!

The less you trade the more you make.

And remember when trading the BEST LOSER WINS!

LOSE SMALL, BREAK EVEN, WIN SMALL, WIN BIG...

This is the only way!!!

Fear instead of hope. Hope instead of fear...

Most get this backasswards.

So onto this ChART...

The 200 week SMA is the key here. It should stay right around that angle from here on out. Spreading from it pulling it up and coming back to test it once it gets to far away.

I think a 20% correction to about 80k in early spring and a 2025 top around 130k is in play. The correcting to around 50k in 2026-27... Then by 2030-32 after the next halving maybe around 170k. Then rinse and repeat. Which is why a DCA approach with this asset is the most logical emotionless approach with this asset. $20-$100-$500 a week. I don't know your budget. But that is what I will be doing from here on out with Bitcoin. Because I think it would be a dereliction of duty to any portfolio to not be doing so at this point.

Merry Christmas and Happy New Year Traders
#BTC🔥🔥 #BTCUSDT #Wtite2earn #BTCNextMove #FranklinCryptoETF
Alex Nevills:
bang I want dong bang settings like the chart in the picture to 2 so I can add for analysis while learning again
BTC/USDT: Breaking Free from a Descending Broadening Wedge$BTC {spot}(BTCUSDT) Pattern Breakdown: Descending Broadening Wedge: Characterized by lower highs (LH) and lower lows (LL), this pattern reflects increasing volatility and a potential exhaustion of selling pressure. Historically, these patterns often resolve to the upside as buyers reclaim control. -------------------------------------- Current Structure: BTC has bounced from the lower boundary of the wedge, showing signs of a bullish reversal. The price action aligns well with the theoretical breakout strategy depicted in the diagram, highlighting a high-probability long setup. -------------------------------------- Key Levels to Watch: Immediate Resistance: The upper boundary of the wedge around $98,000 serves as the first hurdle. Breakout Target: A successful breakout above $98,000 could push BTC toward the highlighted supply zone at $101,200-$102,000. Support Levels: Critical support rests near $93,500, where bulls need to maintain control to preserve the bullish outlook. -------------------------------------- Momentum Indicators: Volume: A noticeable decline during the wedge's formation suggests consolidation, often preceding a strong breakout. Relative Strength Index (RSI): The RSI is turning upward from oversold levels, signaling increasing buying pressure. -------------------------------------- Trade Setup: Entry: Watch for a confirmed breakout above $98,000. Targets: The first target lies at $101,200, with the potential for further upside toward $105,000 if momentum sustains. Stop Loss: A break below $93,500 invalidates the bullish scenario. #BTC #write2earn! #BTC🔥🔥 #BTCNextMove #BinanceAlphaAlert

BTC/USDT: Breaking Free from a Descending Broadening Wedge

$BTC

Pattern Breakdown:

Descending Broadening Wedge:
Characterized by lower highs (LH) and lower lows (LL), this pattern reflects increasing volatility and a potential exhaustion of selling pressure.
Historically, these patterns often resolve to the upside as buyers reclaim control.
--------------------------------------
Current Structure:
BTC has bounced from the lower boundary of the wedge, showing signs of a bullish reversal.
The price action aligns well with the theoretical breakout strategy depicted in the diagram, highlighting a high-probability long setup.
--------------------------------------
Key Levels to Watch:
Immediate Resistance: The upper boundary of the wedge around $98,000 serves as the first hurdle.
Breakout Target: A successful breakout above $98,000 could push BTC toward the highlighted supply zone at $101,200-$102,000.
Support Levels: Critical support rests near $93,500, where bulls need to maintain control to preserve the bullish outlook.
--------------------------------------
Momentum Indicators:
Volume: A noticeable decline during the wedge's formation suggests consolidation, often preceding a strong breakout.
Relative Strength Index (RSI): The RSI is turning upward from oversold levels, signaling increasing buying pressure.
--------------------------------------
Trade Setup:
Entry: Watch for a confirmed breakout above $98,000.
Targets: The first target lies at $101,200, with the potential for further upside toward $105,000 if momentum sustains.
Stop Loss: A break below $93,500 invalidates the bullish scenario.
#BTC #write2earn! #BTC🔥🔥 #BTCNextMove #BinanceAlphaAlert
bmbnbo:
entry 98, take 101,200 and "possibly" 105 and stop 93? What kind of risk management is this?
BTCUSDT major supports are holding the price what if it break?$BTC {spot}(BTCUSDT) For sure(90% sure) the supports which are mentioned on the chart with green zones will break to the downside and Bitcoin bellow 90K$ support would be crazy and so many stop loss will hit with high volume there, even more fall and dump is expected like the red arrows on chart. Notice: we may have more range here or even fake rise before the next phase of dump which will start again and soon. #BTC🔥🔥 #Write2earn! #BTCNextMove #MarketPullback #BinanceAlphaAlert

BTCUSDT major supports are holding the price what if it break?

$BTC

For sure(90% sure) the supports which are mentioned on the chart with green zones will break to the downside and Bitcoin bellow 90K$ support would be crazy and so many stop loss will hit with high volume there, even more fall and dump is expected like the red arrows on chart.

Notice: we may have more range here or even fake rise before the next phase of dump which will start again and soon.
#BTC🔥🔥 #Write2earn! #BTCNextMove #MarketPullback #BinanceAlphaAlert
bongdeok lee son:
비트보지 빨고싶다 힘내라
📊BTC TO $86,850 🧭$BTC {spot}(BTCUSDT) Based on my TA, BTC has now confirmed a short term trend change on the smaller time frames which will result in relief / pull back on the higher time frames (W,M). BTC recently just crossed over the SMA's, pulled back and rejected them as well as a major key level. There is also the case of the SMA's (21/9) crossing over on the 4hr indicating a trend change confirmation. On the higher time frames we also has deceleration and exhaustion from the candles showing a relief period and pull back is in coming which of course will result in a trend change again on the smaller time frames. We also have the issue of the FED stating they are not looking to hold a BTC reserve and won't be changing their opinions anytime soon regardless of Trumps open supportiveness of Crypto. The fib is also confirming a bear market as it is aligning very nicely with key levels and targets to the downside. I have entered at the LH which is the same area the market rejected the crossover of the SMA's. We'll likely see some consolidation / resistance around the $94,500 price mark as it is a major key level imo but if we break that level then BTC will likely fall to the golden ratio market out by the fib which also happens to align with another major key level of $86,850 which is my overall target. Of course i will lock in profits along the way, i have a small stop on this trade of just 2.5% located just above the cross over of the SMA's for some protection from TA. #btc🔥🔥 #BTCNextMove #ElSalvadorBTCReserve #MarketPullback #write2earn

📊BTC TO $86,850 🧭

$BTC

Based on my TA, BTC has now confirmed a short term trend change on the smaller time frames which will result in relief / pull back on the higher time frames (W,M).

BTC recently just crossed over the SMA's, pulled back and rejected them as well as a major key level. There is also the case of the SMA's (21/9) crossing over on the 4hr indicating a trend change confirmation.

On the higher time frames we also has deceleration and exhaustion from the candles showing a relief period and pull back is in coming which of course will result in a trend change again on the smaller time frames.

We also have the issue of the FED stating they are not looking to hold a BTC reserve and won't be changing their opinions anytime soon regardless of Trumps open supportiveness of Crypto.

The fib is also confirming a bear market as it is aligning very nicely with key levels and targets to the downside. I have entered at the LH which is the same area the market rejected the crossover of the SMA's.

We'll likely see some consolidation / resistance around the $94,500 price mark as it is a major key level imo but if we break that level then BTC will likely fall to the golden ratio market out by the fib which also happens to align with another major key level of $86,850 which is my overall target.

Of course i will lock in profits along the way, i have a small stop on this trade of just 2.5% located just above the cross over of the SMA's for some protection from TA.
#btc🔥🔥 #BTCNextMove #ElSalvadorBTCReserve #MarketPullback #write2earn
Bitcoin / USDT Analysis (BTC)$BTC {spot}(BTCUSDT) Bitcoin / USDT Analysis (BTC) Bitcoin is currently trading at $95,753.26, showing a corrective movement after reaching its previous highs. The chart suggests a potential retest at $92,283.01, which aligns with the 0.618 Fibonacci retracement level, a strong support zone. If this level holds, Bitcoin could resume its bullish trend toward the following targets: Key Levels: Support (Retest Zone): $92,283.01. Target 1 (T1): $104,836.84. Target 2 (T2): $111,253.46. Target 3 (T3): $118,225.37. #BTCUSD #BTC🔥🔥 #BTCNextMove #FranklinCryptoETF #Write2earn!

Bitcoin / USDT Analysis (BTC)

$BTC

Bitcoin / USDT Analysis (BTC)

Bitcoin is currently trading at $95,753.26, showing a corrective movement after reaching its previous highs. The chart suggests a potential retest at $92,283.01, which aligns with the 0.618 Fibonacci retracement level, a strong support zone. If this level holds, Bitcoin could resume its bullish trend toward the following targets:

Key Levels:

Support (Retest Zone): $92,283.01.
Target 1 (T1): $104,836.84.
Target 2 (T2): $111,253.46.
Target 3 (T3): $118,225.37.
#BTCUSD #BTC🔥🔥 #BTCNextMove #FranklinCryptoETF #Write2earn!
The Relative Strength Index (RSI): A Beginner’s Guide$BTC {spot}(BTCUSDT) The Relative Strength Index (RSI) is one of the most widely used technical indicators in trading. Developed by J. Welles Wilder in 1978, it helps traders evaluate the momentum of a market and identify overbought or oversold conditions. What is RSI? RSI is an oscillator that measures the speed and magnitude of price changes over a specific period, typically 14 periods. It provides a value between 0 and 100, which helps traders gauge whether an asset is overbought or oversold. Overbought: RSI above 70 suggests the asset might be overbought and due for a correction. Oversold: RSI below 30 indicates the asset might be oversold and due for a rebound. The RSI Formula The RSI is calculated as: [ RSI = 100 - \left( \frac{100}{1 + RS} \right) \] Where: RS= Average Gain of Up Periods (over the lookback period) / Average Loss of Down Periods (over the lookback period) How to Interpret RSI 1. Overbought and Oversold Levels: - When RSI crosses above 70, it may signal that the asset is overbought and could experience a price decline. - When RSI drops below 30, it may indicate that the asset is oversold and could see a price increase. 2. Divergence: - Bullish Divergence: When the price makes lower lows, but RSI makes higher lows, it suggests a potential upward reversal. - Bearish Divergence: When the price makes higher highs, but RSI makes lower highs, it indicates a potential downward reversal. 3. Centerline Crossover: - RSI crossing above 50 is often viewed as a bullish signal, indicating upward momentum. - RSI crossing below 50 suggests bearish momentum. Strengths of RSI - Versatility: Works well in a variety of markets (stocks, forex, crypto, etc.) and timeframes. - Simplicity: Easy to interpret for beginners. - Divergences: Offers insight into potential trend reversals. Limitations of RSI - False Signals**: RSI can provide false overbought/oversold signals in strong trending markets. - Lagging Indicator: Like most indicators, RSI relies on historical data, which may delay signals. Best Practices for Using RSI 1. Combine with Other Indicators: - Use RSI with trend-following indicators like Moving Averages or MACD to filter out false signals. - Pair it with support and resistance levels to validate potential reversals. 2. Adjust the Period: - Shorten the period (e.g., 7 or 9) for more sensitive signals. - Lengthen the period (e.g., 20 or 30) for smoother, less frequent signals. 3. Context Matters: - In a trending market, RSI may remain overbought or oversold for extended periods. Use it cautiously in such conditions. Example of RSI in Action Imagine a cryptocurrency like Bitcoin has been rallying for several days, and the RSI rises above 70. This suggests that Bitcoin might be overbought, and a pullback could occur soon. However, if the market trend is strong, Bitcoin’s RSI could stay above 70 for an extended period. Combining RSI with trend analysis or support/resistance levels can provide better insights. Conclusion The RSI is a powerful tool for traders seeking to understand market momentum and potential reversal points. While it’s simple to use, its effectiveness increases when combined with other indicators and market context. As always, practice using RSI on historical data before applying it to live trades, and remember that no single indicator guarantees success #BTC🔥🔥 #Write2Earn #BTCNextMove #ElSalvadorBTCReserve

The Relative Strength Index (RSI): A Beginner’s Guide

$BTC

The Relative Strength Index (RSI) is one of the most widely used technical indicators in trading. Developed by J. Welles Wilder in 1978, it helps traders evaluate the momentum of a market and identify overbought or oversold conditions.

What is RSI?
RSI is an oscillator that measures the speed and magnitude of price changes over a specific period, typically 14 periods. It provides a value between 0 and 100, which helps traders gauge whether an asset is overbought or oversold.

Overbought: RSI above 70 suggests the asset might be overbought and due for a correction.
Oversold: RSI below 30 indicates the asset might be oversold and due for a rebound.

The RSI Formula
The RSI is calculated as:

[ RSI = 100 - \left( \frac{100}{1 + RS} \right) \]

Where:
RS= Average Gain of Up Periods (over the lookback period) / Average Loss of Down Periods (over the lookback period)

How to Interpret RSI
1. Overbought and Oversold Levels:
- When RSI crosses above 70, it may signal that the asset is overbought and could experience a price decline.
- When RSI drops below 30, it may indicate that the asset is oversold and could see a price increase.

2. Divergence:
- Bullish Divergence: When the price makes lower lows, but RSI makes higher lows, it suggests a potential upward reversal.
- Bearish Divergence: When the price makes higher highs, but RSI makes lower highs, it indicates a potential downward reversal.

3. Centerline Crossover:
- RSI crossing above 50 is often viewed as a bullish signal, indicating upward momentum.
- RSI crossing below 50 suggests bearish momentum.

Strengths of RSI
- Versatility: Works well in a variety of markets (stocks, forex, crypto, etc.) and timeframes.
- Simplicity: Easy to interpret for beginners.
- Divergences: Offers insight into potential trend reversals.

Limitations of RSI
- False Signals**: RSI can provide false overbought/oversold signals in strong trending markets.
- Lagging Indicator: Like most indicators, RSI relies on historical data, which may delay signals.

Best Practices for Using RSI
1. Combine with Other Indicators:
- Use RSI with trend-following indicators like Moving Averages or MACD to filter out false signals.
- Pair it with support and resistance levels to validate potential reversals.

2. Adjust the Period:
- Shorten the period (e.g., 7 or 9) for more sensitive signals.
- Lengthen the period (e.g., 20 or 30) for smoother, less frequent signals.

3. Context Matters:
- In a trending market, RSI may remain overbought or oversold for extended periods. Use it cautiously in such conditions.

Example of RSI in Action
Imagine a cryptocurrency like Bitcoin has been rallying for several days, and the RSI rises above 70. This suggests that Bitcoin might be overbought, and a pullback could occur soon. However, if the market trend is strong, Bitcoin’s RSI could stay above 70 for an extended period. Combining RSI with trend analysis or support/resistance levels can provide better insights.

Conclusion
The RSI is a powerful tool for traders seeking to understand market momentum and potential reversal points. While it’s simple to use, its effectiveness increases when combined with other indicators and market context. As always, practice using RSI on historical data before applying it to live trades, and remember that no single indicator guarantees success
#BTC🔥🔥 #Write2Earn #BTCNextMove #ElSalvadorBTCReserve
📊BTC/USDT (2D) UPDATE📝 Safe Zone Vs Risk Zone, Which one would you choose? $BTC {spot}(BTCUSDT) Dear Traders, WE have possible buying opportunities, with the first entry, the only reason that we think that price would reverse is, possible end of year bullish push which may take price to another record higher high. Although, since the price already has rejected we think price is unlikely to reject at the level, and may drop to 75k region. good luck. #btc🔥🔥 #BTC500k #Write2earn #ElSalvadorBTCReserve #BTCNextMove

📊BTC/USDT (2D) UPDATE📝

Safe Zone Vs Risk Zone, Which one would you choose?
$BTC

Dear Traders,

WE have possible buying opportunities, with the first entry, the only reason that we think that price would reverse is, possible end of year bullish push which may take price to another record higher high. Although, since the price already has rejected we think price is unlikely to reject at the level, and may drop to 75k region.

good luck.
#btc🔥🔥 #BTC500k #Write2earn #ElSalvadorBTCReserve #BTCNextMove
Talari Sumanth:
ohh nice analysis
📊BTCUSDT.1D$BTC {spot}(BTCUSDT) This detailed analysis of the BTC/USDT pair on the daily timeframe aims to evaluate the market's current stance, emphasizing recent price movements, key technical levels, and potential future directions based on technical indicators. Price Action and Trend: Bitcoin has shown a significant upward trend over recent weeks, with price movements forming a steady ascent above the long-term supporting trend line. The chart reveals a period of consolidation after a recent rally, potentially indicating preparation for the next movement phase. Key Levels to Watch: Resistance Levels (R1 and R2): R1: $100,295.09 - This level has previously acted as resistance. A breach here could open the path towards R2. R2: $111,514.08 - As a higher resistance level, a move past this could confirm a more significant bullish trend continuation. Support Levels (S1 and S2): S1: $89,585.14 - The first major support level which could be crucial for maintaining the current bullish trend. S2: An extended support line drawn from previous lows, providing foundational support and a potential rebound zone if S1 breaks. Technical Indicators: MACD: The Moving Average Convergence Divergence is bullish, as the MACD line is above the signal line, suggesting continued upward momentum. However, vigilance is necessary as the histogram appears to be reducing, which might indicate a slowdown or potential pullback. RSI: The Relative Strength Index is currently at 59, suggesting mild bullish momentum without being in the overbought territory. This provides room for potential upward movement without immediate risk of a reversal due to being overbought. Volume and Market Sentiment: The recent trading volume corroborates the ongoing bullish sentiment, though it has slightly decreased during the consolidation phase, which is typical as traders await further cues. Conclusion and Forecast: The outlook for BTC/USDT remains cautiously optimistic. Traders should watch for a sustained break above R1 to confirm continuation of the bullish trend, potentially targeting R2. Conversely, a breakdown below S1 could see BTC test the stronger S2 level. Trading strategies should consider these levels for setting stop losses and taking profits, keeping in mind the potential for volatility as indicated by the technical indicators. Trading Strategy: Bullish Scenario: Entry near S1 with a stop-loss just below this level can be considered, targeting R1 and then R2 if upward momentum continues. Bearish Reversal: Should the price break below S1, a short position towards S2 could be advantageous, with a strict stop-loss above S1 to mitigate risks. Summary: This analysis indicates that while the current sentiment and momentum are bullish for Bitcoin, traders should remain flexible and responsive to changes signaled by key technical levels and indicators. #bTC🔥🔥 #btc🔥🔥 #BTCUSDT #BTCNextMove #ElSalvadorBTCReserve

📊BTCUSDT.1D

$BTC

This detailed analysis of the BTC/USDT pair on the daily timeframe aims to evaluate the market's current stance, emphasizing recent price movements, key technical levels, and potential future directions based on technical indicators.

Price Action and Trend:
Bitcoin has shown a significant upward trend over recent weeks, with price movements forming a steady ascent above the long-term supporting trend line. The chart reveals a period of consolidation after a recent rally, potentially indicating preparation for the next movement phase.

Key Levels to Watch:
Resistance Levels (R1 and R2):
R1: $100,295.09 - This level has previously acted as resistance. A breach here could open the path towards R2.
R2: $111,514.08 - As a higher resistance level, a move past this could confirm a more significant bullish trend continuation.
Support Levels (S1 and S2):
S1: $89,585.14 - The first major support level which could be crucial for maintaining the current bullish trend.
S2: An extended support line drawn from previous lows, providing foundational support and a potential rebound zone if S1 breaks.
Technical Indicators:
MACD: The Moving Average Convergence Divergence is bullish, as the MACD line is above the signal line, suggesting continued upward momentum. However, vigilance is necessary as the histogram appears to be reducing, which might indicate a slowdown or potential pullback.
RSI: The Relative Strength Index is currently at 59, suggesting mild bullish momentum without being in the overbought territory. This provides room for potential upward movement without immediate risk of a reversal due to being overbought.
Volume and Market Sentiment:
The recent trading volume corroborates the ongoing bullish sentiment, though it has slightly decreased during the consolidation phase, which is typical as traders await further cues.

Conclusion and Forecast:
The outlook for BTC/USDT remains cautiously optimistic. Traders should watch for a sustained break above R1 to confirm continuation of the bullish trend, potentially targeting R2. Conversely, a breakdown below S1 could see BTC test the stronger S2 level. Trading strategies should consider these levels for setting stop losses and taking profits, keeping in mind the potential for volatility as indicated by the technical indicators.

Trading Strategy:
Bullish Scenario: Entry near S1 with a stop-loss just below this level can be considered, targeting R1 and then R2 if upward momentum continues.
Bearish Reversal: Should the price break below S1, a short position towards S2 could be advantageous, with a strict stop-loss above S1 to mitigate risks.
Summary:
This analysis indicates that while the current sentiment and momentum are bullish for Bitcoin, traders should remain flexible and responsive to changes signaled by key technical levels and indicators.
#bTC🔥🔥 #btc🔥🔥 #BTCUSDT #BTCNextMove #ElSalvadorBTCReserve
BTC Price Action Analysis🏮⚡$BTC {spot}(BTCUSDT) BTC Price Action Analysis: BTC is showing signs of consolidation in the 90,000 - 108,000 range for the next few days. During this period, we expect the price to move sideways as the market digests recent price action. This phase of consolidation could bring some stability before a potential volatility spike. After this consolidation phase, I anticipate a possible wick down to around 86,000. This wick would be a short-term shakeout, likely designed to liquidate weak hands before a strong bullish rally. Following this shakeout, I’m expecting BTC to surge and achieve a new all-time high (ATH). The overall market sentiment remains bullish, but this could take some time to fully develop. Key takeaways: - Short-term consolidation expected between 90k and 108k. - A potential wick to 86k could happen before the next big move. - Long-term outlook remains bullish with a target of a new ATH. Make sure to practice proper risk management, as volatility could create sudden price swings. As always, this is not financial advice, and I encourage you to do your own research #btc🔥🔥 #BTCNextMove #MarketPullback #markettips #write2earn!

BTC Price Action Analysis🏮⚡

$BTC

BTC Price Action Analysis:

BTC is showing signs of consolidation in the 90,000 - 108,000 range for the next few days. During this period, we expect the price to move sideways as the market digests recent price action. This phase of consolidation could bring some stability before a potential volatility spike.

After this consolidation phase, I anticipate a possible wick down to around 86,000. This wick would be a short-term shakeout, likely designed to liquidate weak hands before a strong bullish rally.

Following this shakeout, I’m expecting BTC to surge and achieve a new all-time high (ATH). The overall market sentiment remains bullish, but this could take some time to fully develop.

Key takeaways:
- Short-term consolidation expected between 90k and 108k.
- A potential wick to 86k could happen before the next big move.
- Long-term outlook remains bullish with a target of a new ATH.

Make sure to practice proper risk management, as volatility could create sudden price swings. As always, this is not financial advice, and I encourage you to do your own research
#btc🔥🔥 #BTCNextMove #MarketPullback #markettips #write2earn!
Mr-Sandifer01:
appreciated
Crypto-Lover-artist:
thanks, but support is around 94k
TOTAL3 or $Alts Market Cap (btc & eth excluded)$BTC {spot}(BTCUSDT) 👾 #TOTAL3 or ALTS Market Cap (btc & eth excluded) This correction is nothing but opportunity for to spot accumulate #altcoins for mid-term😋 Imo we are just in 4th Corrective Wave before the real #altseason takes off - the final 5th Bullish Wave📈 Accumulate #Alts Now - or Cry later🚀❗️ #BTC500k #BTC🔥🔥 #MarketPullback #BTCNextMove

TOTAL3 or $Alts Market Cap (btc & eth excluded)

$BTC

👾 #TOTAL3 or ALTS Market Cap (btc & eth excluded)

This correction is nothing but opportunity for to spot accumulate #altcoins for mid-term😋

Imo we are just in 4th Corrective Wave before the real #altseason takes off - the final 5th Bullish Wave📈

Accumulate #Alts Now - or Cry later🚀❗️
#BTC500k #BTC🔥🔥 #MarketPullback #BTCNextMove