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Chart Analysis $BTC Trading Pair: Bitcoin/US Dollar (BTC/USD) - Bank Transfer
Timeframe: 4-Hour
Exchange: Binance
Analysis The chart depicts a possible bullish trend. Recent higher highs and higher lows indicate an upward momentum. - Resistance Level: $68,000 - Support Level: $64,000
Trading Strategy - Entry Point: Consider entering around $66,000 upon confirmation of a bounce from the support level at $64,000. - Take Profit: Target around $68,000 for a short-term gain. - Stop Loss: Set a stop loss at $63,000 to manage risk.
Chart Analysis - Trend: The overall trend appears bullish, with a series of higher highs and higher lows. - Key Resistance: Near the 68,000 level. - Key Support: Around the 60,000 zone.
Technical Indicators - Moving Averages: The price is above both the short-term (50 EMA) and long-term (200 EMA) moving averages, further confirming a bullish outlook. - MACD: The MACD line is above the signal line, supporting the bullish sentiment.
Trading Strategy Given the current bullish structure: - Entry Point: Consider entering a long position if the price breaks above 68,000 with strong volume. - Stop Loss: Place a stop loss just below the support at 60,000 to limit potential downside. - Take Profit: Initial target could be 70,000, then trail stops to maximize profits in case of further upside momentum.
đ« Middle East accounts for 7.5% of global crypto trading volume, according to Chainalysis
According to a report released by Chainalysis on September 25, the Middle East and North Africa (MENA) region accounted for 7.5% of the total global crypto trading volume between July 2023 and June 2024.
Chainalysis estimates that the total value received during this period amounted to $338.7 billion, with the vast majority of the transaction volume coming from institutional and professional investors.
According to the report, around 93% of the transactions were estimated to be worth more than $10,000, meaning that small retail investors accounted for just 1.8% of the total transaction volume in the region.
Exchange Binance $BTC Chart Analysis - Trend Overview: The chart shows an overall bullish trend with higher highs and higher lows. - Current Price: Approximately $65,533. - Recent Low: Around $56,000 on September 7. - Recent High: Approximately $69,000 on October 19. - Resistance Levels: Key resistance at $66,000 and $68,000. - Support Levels: Key support at $63,000 and $60,000.
Trading Strategy - Entry Point: Consider entering a long position near $63,000 as a support level. - Stop Loss: Place a stop loss below $62,000 to manage risk. - Take Profit: Target resistance levels at $66,000 and $68,000.
Chart Analysis: BTC/USD on Binance 4-Hour Timeframe $BTC Overview: The chart depicts the price movements of Bitcoin (BTC) against the US Dollar on a 4-hour timeframe, analyzed for educational purposes.
Trend Analysis: The chart shows a bullish trend with higher highs and higher lows forming from the beginning of September to mid-October. The price has recovered after a dip to $57,500, indicating potential continuation of the upward trend.
Possible Strategy: - Entry Point: Consider entering a long position if the price breaks above $63,000 with strong volume. - Stop-Loss: Set a stop-loss at $60,000 to manage risk. - Take Profit: Consider setting a take-profit target at $66,000.
Please note: that trading involves risk, and strategies should be back-tested.
Trend Analysis The chart shows a recent bullish movement with a subsequent correction. The price rose from the low of around $51,200 to a high of nearly $67,000, forming higher highs and higher lows, indicating an uptrend.
Indicators - The price shows a significant pull-back around the $66,000 area, indicating a possible resistance zone. - The support level can be observed around $60,000.
Conclusion The market currently shows a bearish retracement after a bullish move, as the price has broken below the recent support of $61,000.
Trading Strategy - Entry: Consider entering a long position near the support level of $60,000. - Stop-Loss: Place a stop-loss below $59,000 to mitigate risk. - Take Profit: Target the previous high at $67,000 for potential profit.
đ«Are you excited about the latest HBO documentary about the inventor of Bitcoin? $BTC Remember, documentaries often plant ideas to distract from the real story or new information.
Before the filmâs release, social media platforms were buzzing with statements and theories, preparing minds to accept the idea about someone most of us had never heard of, except a few programmers: âWho is Len Sassaman?â
In the digital currency community, he became famous with his tweets about Bitcoinâs inception in 2009, undoubtedly contributing to its development, contrary to what the documentary suggests.
As a trader, I don't care who Satoshi Nakamoto is! What matters to me is that no one owns Bitcoinâs keys and that they have been destroyed, which cannot be confirmed. Beyond that, even if they claim Satoshi is a pharaoh, it doesn't matter to me.
âThe real question is, why now?â
I believe the major controversy surrounding this topic, which Iâve discussed in previous videos on social media and YouTube, prompted this film to try to settle the matter and stop the ongoing debate, as we mentioned at the beginningâdistraction.
Resolving the issue of who and where the inventor of Bitcoin is might help people trust it more, thereby increasing its price and investment in the future. Especially if someone plans to inject a massive amount of money to elevate its price to unprecedented levels.
Chart Analysis Trading Pair: BTC/USD Timeframe: 4-hour Exchange: Binance $BTC Overall Trend The chart displays a mixed trend with recent bullish activity but facing resistance.
Key Elements - Resistance Level: Approximately $66,000 - Support Level: Approximately $60,000 - Recent High: Near $67,000 - Recent Low: Around $52,000
Bullish or Bearish? The recent upward movement shows bullish potential, but the presence of resistance around $66,000 might slow the progress.
Trading Strategy - Entry Point: Consider entering around $61,000 if support holds. - Stop Loss: Set at approximately $59,000 to manage risk. - Target: Aim for $65,000 initially, with an extension to $66,500 if momentum continues.
Trading Pair: Bitcoin/US Dollar (BTC/USD) Timeframe: 4-hour Exchange: Binance $BTC Overview The chart displays a recent uptrend indicating a bullish sentiment. After a decline, Bitcoin has shown recovery with higher highs and higher lows.
Indicators - Trend: The recent price movement suggests an uptrend as Bitcoin has breached previous resistance levels. - Pattern: The formation resembles a cup and handle, a bullish continuation pattern.
Trade Strategy 1. Entry Point: - Consider buying at $62,000 if price confirms support above this level. 2. Target Levels: - First take-profit target at $66,000. - Second take-profit target at $68,000. 3. Stop-Loss: - Place stop-loss around $60,000 to manage risk.
Chart Analysis: Bitcoin/US Dollar (BTC/USD) - 4h - Binance $BTC The current chart for BTC/USD on the 4-hour timeframe looks bullish. The price has been making higher highs and higher lows, indicating an uptrend.
Indicators - Price is above $61,184.76, suggesting bullish momentum.
Trading Strategy - Potential Entry: Look for a long entry around $61,000 if a pullback holds above this level. - Take Profit: Consider taking profits near $67,000. - Stop Loss: Below $58,500 to manage risk.
Bitcoin/US Dollar (BTC/USD) Chart Analysis $BTC Exchange: Binance
Timeframe: 4-hour The chart displays the price movements of Bitcoin against the US Dollar over a 4-hour timeframe on Binance. Key elements of the chart include previous highs, lows, and current price action.
Chart Analysis - Resistance Level: Approximately $66,000 - Support Level: Approximately $59,000 - Current Price: Trading around $60,582 The trend appears bearish as the recent price action is below the resistance level and there has been a series of lower highs and lower lows. The price is currently hovering just above a key support level, indicating potential for further downside if this support fails.
Trading Strategy - Entry: Consider entering a short position if the price breaks below $59,000 with strong volume. - Stop-Loss: Place a stop-loss order around $61,500 to manage risk. - Target: Aim for a target near $55,500 if the price continues downward momentum.