Let's take a look at this #bitcoin☀️ chart like we're analyzing the world's most expensive roller coaster ride!

#BTC☀ Market Analysis: The Crypto Coaster
📅September 7, 2024

The Descending Range: The Not-So-Fun Slide
Our favorite coin seems to be stuck in a descending channel that would make any theme park proud. We're talking about a gradual downward slope that's been ongoing since March. It's like Bitcoin decided to take the scenic route... downhill.

The upper and lower boundaries of this channel are acting like those safety bars on a roller coaster - keeping the price contained, but also making us all a bit queasy.
The current price, sitting at around $54,755, is flirting dangerously close to the lower boundary. It's like Bitcoin is daring us to guess: will it bounce or break through?

Volume: The Crowd Goes Mild
Looking at the volume bars at the bottom, it's clear that the party isn't as wild as it used to be. We're seeing lower volumes compared to the spikes in March and that massive red candle in August (talk about a drop!).

Entry Point: Bargain Hunting or Catching Falling Knives?
Now, here's where it gets interesting. With the price nearing the lower boundary of the channel, some might say this looks like a tempting entry point.
But remember, folks, in the world of crypto, sometimes a bargain can turn into a "got any spare change?" situation real quick. The price could bounce off this lower boundary , or it could break through.
Conclusion: To Buy or Not to Buy, That is the Question
If you're feeling brave (or maybe just a bit reckless), this could be an entry point with some potential. The descending channel suggests we might see a bounce, but don't bet your lunch money on it.

I would instead wait for some confirmation on the next 4h candles, higher volume or lower resistance.

In any case, we are watching and we are prepared💪

Sublimetraders Lorentzian ML indicator is killing #BTC☀ once again.

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Bitcoin Market Report - August 7, 2024

Bitcoin (BTC) has experienced significant volatility and a notable downtrend over the past few months, as evidenced by the daily chart from Binance.

Main points:

Price Action:
#BTC☀ has been trading within a descending channel since March, with lower highs and lower lows forming a bearish trend.

But this bear trend will pay and will pay big with patience because usually , descending channels break on the higher side and vice versa.

Support Levels:
The chart highlights multiple touches of the lower boundary of the channel (marked by orange circles), indicating strong support levels. However, each bounce has been followed by continued downward pressure.

Resistance:
The upper boundary of the channel has acted as persistent resistance, capping upward movements.

Recent Performance:
In early August, BTC experienced a sharp decline, breaking below the previous support level around $55,000.

Current Price:
As of the chart's latest data point, BTC is trading at approximately $54,787, showing a slight recovery from the recent low.

Volume:
While not explicitly shown, the presence of long candles suggests periods of high trading volume, particularly during significant price movements.

Market Sentiment:
The overall trend remains bearish, with buyers struggling to maintain momentum after each support test. The repeated failures to break above the descending resistance line indicate persistent selling pressure.

Outlook:
Watch for a potential break of the current support level around $52,500. A decisive break below could lead to further downside, while a strong bounce might signal a short-term reversal. However, for a bullish outlook to materialize, BTC would need to break above the upper channel boundary and the horizontal resistance around $72,000.

We needed the dip for ##BTC☀ , some targets in the image, full trade available in the group

⚠️⚠️⚠️New trade we want to share with you. ⚠️⚠️⚠️
💬15 encouraging comments and we post it here.

Traders,

Let's break down the current Bitcoin/USDT chart on Binance, using the Heikin Ashi candles for a clearer trend perspective.

Market Overview:
#btc has been on a downward trajectory since mid-June, with the recent price action showing a sharp decline. We're currently trading at $56,530 as of July 6, 2024.

Trend Analysis:

The long-term uptrend that began in January has clearly lost steam.
We've seen a series of lower highs and lower lows since March, indicating a shift to a bearish mid-term trend.
The recent candles are predominantly red, signaling strong selling pressure.

Key Levels:
Support: Look for potential support around the $54,000-$55,000 range, which aligns with levels last seen in January.
Resistance: The immediate overhead resistance sits at $60,000, with a stronger barrier around $64,000-$65,000.

Targets:
Upside:

Short-term relief rally target: $60,000
IF bullish momentum returns, watch for $65,000
Major resistance and potential reversal zone: $70,000-$72,000

Downside:

Immediate support target: $54,000
If bearish pressure continues, next major support: $50,000
Worst-case scenario in this cycle could see us testing $46,000-$48,000

Recommended trading strategy:

Short-term traders: Look for oversold bounces, but be cautious of the overall bearish trend.
Long-term holders: Consider accumulating on dips if you believe in BTC's fundamentals.
Always use proper risk management. This market is showing high volatility.

Ladies and gentlemen, this is your captain speaking. We've successfully landed our short trade at the 56,000 USDT runway, right on schedule. Please keep your seatbelts fastened as we may experience some turbulence in this crypto airspace.

Our technical analysis instruments are showing some interesting readings. We might be clearing for takeoff soon, with potential bullish altitude gains targeting the 59,700 USDT and 61,400 USDT flight levels. However, be advised that sudden downdrafts could take us back to test the 54,000 USDT support zone.

Remember, the crypto market is like flying through a thunderstorm - exciting, but unpredictable. Keep your tray tables in their upright and locked positions, and your stop-losses tight.

We thank you for choosing Sublime Airlines, where every trade is a new adventure. Stay tuned for further market announcements.

A little bit of $NOT can go a long way.

You're going to like this #BTC☀ targets

All right folks, we are out of the channel and we might just be witnessing the confirmation rejection from the upper side and this ...with an order block , which means buyer interest is heavy.

Now because we go into the unknown we can only base our targets on projections, and what better projection tool than the good ol' fibonacci retracement.

Targets in sight - $72.5k ,$80k and $84.5k ish
For the stop loss we are taking the 0.66 support with some aditional margin of error.

This #agix signal is poised to be nothing short of legendary. Follow for more !

It can not go up forever. Now this doesn't mean that $BTC can not continue upward, it only means that for the next period it will probably retrace. What we have seen today is a confirmation entry for shorts.

Expecting Fear and greed to go down over the next couple of days as well .
#bitcoin #BTC🔥🔥🔥🔥 #btcdumping

#BTC Less than 10% to the last known HIGH . Go go go go 🚀🚀🚀🚀

$AVAX Update

Even if the market is euphoric, we need to watch certain levels. 

In this example , AVAX is clearly displaying an ascending channel and not is in the lower range. 

Current major support at $38 and a possible high of around $45.

Entering without confirmation is not advisable, I would wait for a reversal pattern or the failure of support before entering a trade.

Bitcoin ETFs 2024: A Game-Changer for Investors and the Crypto World”

In 2024, the cryptocurrency realm is witnessing a seismic shift with the introduction of Bitcoin ETFs. This groundbreaking development is poised to redefine the investment landscape by merging the traditional financial world with digital asset innovation.

Telegram: t.me/sublimetraders

Bitcoin ETFs: The Dawn of a New Era
The SEC’s landmark approval of 11 Bitcoin ETFs signals a pivotal moment for cryptocurrencies. These ETFs, accessible through regulated frameworks, are transforming how investors engage with Bitcoin. The list includes prominent names like ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETF, BlackRock’s iShares Bitcoin Trust, and more.

The Evolution and Significance of Bitcoin ETFs
Originally designed to bridge traditional finance and digital currencies, Bitcoin ETFs have undergone a journey marked by regulatory challenges and significant milestones. They stand as testament to the growing acceptance of cryptocurrencies in mainstream finance.

ETFs Vs. Bitcoin: Understanding the Basics
Bitcoin ETFs allow investors to buy shares in funds holding Bitcoin, offering an indirect approach to cryptocurrency investment. Unlike the more volatile crypto market, traditional ETFs track diverse assets like stocks and bonds, offering different risk and return profiles.
More explained here

Unpacking the Economic and Market Impact
The introduction of Bitcoin ETFs is reshaping the economic landscape. They’re expected to boost liquidity and stability in the Bitcoin market and potentially drive its price upward. However, market responses might vary, taking into account the complex factors influencing cryptocurrency prices.

Access for All: Democratizing Investment in Bitcoin
Bitcoin ETFs are a boon for accessibility, lowering the entry barriers for average investors into the crypto space. They offer a secure, regulated way to participate in Bitcoin’s growth, making digital asset investment more mainstream.

$BTC #etf #ENS #BTC #ETH #cpi

Look at what happened when the gold ETF launched back in 2004.

Looks like a big run up going into it, then a cool down consolidation period, then a huge melt up?

This could happen with #BTC  .

A big difference of course is after that the gold ETF launched (there was more demand) they started mining more gold. They increased supply.

With Bitcoin they cannot do that. In fact supply flow gets cut in half in just a few months.

$BTC $ETH