Strong support with massive volume is developing...

[iamwithyou]

As per my TI bitcoin has already bounced three time from support level which gives us strong buying signal with clear cut stop loss range. I am hoping to reach new ATH soon. May be in couple of days we will see 50000$.
Let me know what you think of my analysis.

[1714615288]

1714615288

[1714615288]

1714615288

[1714615288]

1714615288

[1714615288]

1714615288

[GreatArkansas]

This week gonna be crucial for Bitcoin. High volatility and a lot of liquidations at this level. Your stop-loss level is kinda acting support, I don't think it is the best way to put your stop-loss, it may be hunted with some huge candle wicks.
Breaking below $30,000 - $32,000 is kinda alarming for Bitcoin, but if you can observe for the previous weeks, Bitcoin tried to break below but it keeps bouncing and creating lower highs.

[iamwithyou]

This week gonna be crucial for Bitcoin. High volatility and a lot of liquidations at this level. Your stop-loss level is kinda acting support, I don't think it is the best way to put your stop-loss, it may be hunted with some huge candle wicks.
Breaking below $30,000 - $32,000 is kinda alarming for Bitcoin, but if you can observe for the previous weeks, Bitcoin tried to break below but it keeps bouncing and creating lower highs.

Indeed that is the dilemma with stop loss, it is kind of vulnerable to sudden movements (which will be most of the time irrelevant to normal long term trader). Though these spikes will become very few and few with the volume.
Another thing to consider here is bitcoin is not for short term trading (day scalping on 15 minute candle).
Day scalping is for more stable and matured markets like forex where sudden movement is rare.
I gave a general stop loss perspective because I think if bitcoin plunges again under that range we will be in sideways movement (may be downward spiral).
If this is not the time for bitcoin to boom I do not see any in near future.

[Sterbens]

I think your analysis is quite good, as long as it can give you an advantage, because based on the current movement of bitcoin, many people avoid it for a moment. And you prove that avoiding at the same time there are many people selling and buying at the resistance point which is enough to get a reversal.

[yhiaali3]

Perhaps your analysis is somewhat close, Bitcoin may rise to this price level and reach  50,000$, but I think that this needs a little more time, in any case on the other hand, the decline of Bitcoin below the level of 32-30K$ is a very worrying thing and may cause violent disturbances in The market is according to my expectations, so I hope that we do not see it drop to this level.

[crwth]

This is quite a great analysis, although I wouldn't say that there is great support with volume because the volume indicator that you are using is that it doesn't indicate the amount per trade—just the totality of it. Maybe there are a couple of big trades, and it could produce the same volume of side. Maybe the one's trading is the institutional ones but let's see.

The one to watch out for is the decrease and increase of the volume because it could indicate a couple of things.

• Check if there is a high volume to confirm the trend.
• If the next bar of the volume exceeds the previous high, this would be an excellent buying opportunity
• If the high volume trend (short or long) continues its position and the volume has reached a low volume, it could be a trend reversal

Volume is definitely a great indicator. I prefer to pair it with a volume-based indicator to see if there are accumulation and distribution.

[rhomelmabini]

Is this an hourly timeframe or 4h? We are still in undecided market for Bitcoin but seeing "Grayscale’s bitcoin trust adds +16,244 $BTC in a single day" more likely a bullish scenario for Bitcoin. If we keep getting lower highs from this range I'll don't doubt we may see another surge of price maybe 50k will be tested this time around.

[passwordnow]

Simple but good analysis IMHO. $50k isn't that far from where we are today. The fact that it had peaked at $42k, and if there will be another bounce back, it will get close to the target price that you've given.
@iamwithyou, do you plan to sell if bitcoin gets to $50k or close to it?

[iamwithyou]

Is this an hourly timeframe or 4h? We are still in undecided market for Bitcoin but seeing "Grayscale’s bitcoin trust adds +16,244 $BTC in a single day" more likely a bullish scenario for Bitcoin. If we keep getting lower highs from this range I'll don't doubt we may see another surge of price maybe 50k will be tested this time around.

Its 3hr.

Simple but good analysis IMHO. $50k isn't that far from where we are today. The fact that it had peaked at $42k, and if there will be another bounce back, it will get close to the target price that you've given.
@iamwithyou, do you plan to sell if bitcoin gets to $50k or close to it?

I am not selling bitcoin no matter what. I have learnt from my past mistakes. I bought at 21000$, may be at 50000$ I will sell 20% but I am not going out.

[passwordnow]

Simple but good analysis IMHO. $50k isn't that far from where we are today. The fact that it had peaked at $42k, and if there will be another bounce back, it will get close to the target price that you've given.
@iamwithyou, do you plan to sell if bitcoin gets to $50k or close to it?

I am not selling bitcoin no matter what. I have learnt from my past mistakes. I bought at 21000$, may be at 50000$ I will sell 20% but I am not going out.

Good decision. I've also learned in the past about my mistake through selling at an early point. This time it will be a different story and journey for me but I think that once bitcoin reaches $50k, that's already a decent amount for me to not regret selling like 5%-20%.
I'm not also going out of bitcoin as long as I can have it at the slightest and minimal that I can, I'll still pursue to accumulate as much as I can do. So buying back is also part of the plan.

[el kaka22]

We have seen time after time again that when there is a safe support or resistance that looks very hard to break, we have done that many times over. What people do not realize is that supports and resistances are for regular days, days when price doesn't move too much, days when it is just realistic and nothing more.

However in reality bitcoin doesn't act like that every single day, there are days when it goes 50% higher, or 20% lower and it doesn't care about any support or resistance on its path at all. What happens however is that these support and resistance lines do help people imagine what could happen with these lines on a regular day so you can just assume unless something major happens those are the lines.

[Oasisman]

As per my TI bitcoin has already bounced three time from support level which gives us strong buying signal with clear cut stop loss range. I am hoping to reach new ATH soon. May be in couple of days we will see 50000$.
Let me know what you think of my analysis.

Bitcoin has been stabilizing at the $35,000 - $37,000 region and it seems like we have a really strong support. I don't see Bitcoin heading below $30,000 at this current rate.
I might say we'll see another huge run once Btc goes beyond the $40,000 level again. That as well might trigger a $50,000 Btc price hopefully.
If you're holding Btc and is waiting for the $50k, then I guess you're in the right track.

[leea-1334]

Good decision. I've also learned in the past about my mistake through selling at an early point. This time it will be a different story and journey for me but I think that once bitcoin reaches $50k, that's already a decent amount for me to not regret selling like 5%-20%.
I'm not also going out of bitcoin as long as I can have it at the slightest and minimal that I can, I'll still pursue to accumulate as much as I can do. So buying back is also part of the plan.

There's not early or late if you have a clear exit strategy. You know what price you want to buy, and you must know the price you want to sell. How long that takes to happen is the market's decision. You cannot be buying and holding and thinking you will decide when "the time is right", not as a trader. It is a different story as a holder.

[el kaka22]

Simple but good analysis IMHO. $50k isn't that far from where we are today. The fact that it had peaked at $42k, and if there will be another bounce back, it will get close to the target price that you've given.
@iamwithyou, do you plan to sell if bitcoin gets to $50k or close to it?

I am not selling bitcoin no matter what. I have learnt from my past mistakes. I bought at 21000$, may be at 50000$ I will sell 20% but I am not going out.

I agree that this is a good decision, selling right now would be a bad decision because we are not going down right now, we are still doing good. Normally people ask if they should sell without giving numbers so I can't talk about it that much, but since you said that you bought at 21k I can talk about that.

If you have bought at 21k that means until it is 21k you are not going to lose money, which means you could consider that as a place where you could end up still selling. So do this, wait until it goes back to 21k, and sell it there if you have, if the price never reaches there, and goes to 100k+ or something, you could get out and use that money.

Secondly, if you have invested let's say 10k dollars, and your bitcoin worths 30k one day, sell the 10k and keep the 20k and you will be capable of waiting forever because all of that is profit and none of that is your money.

[RealMalatesta]

Good decision. I've also learned in the past about my mistake through selling at an early point. This time it will be a different story and journey for me but I think that once bitcoin reaches $50k, that's already a decent amount for me to not regret selling like 5%-20%.
I'm not also going out of bitcoin as long as I can have it at the slightest and minimal that I can, I'll still pursue to accumulate as much as I can do. So buying back is also part of the plan.

There's not early or late if you have a clear exit strategy. You know what price you want to buy, and you must know the price you want to sell. How long that takes to happen is the market's decision. You cannot be buying and holding and thinking you will decide when "the time is right", not as a trader. It is a different story as a holder.

If you are late, there is always this feeling of sudden crash if it happens and that is not easy, I personally feel like it is not going to be easy for people to make a profit while being scared of a fall. If you get in low and you wait and you know that it can't go too much lower because it is already at very low levels so it could go lower only a bit so you feel fine, and it is easier to wait and profit.

However when it is so high, and it is so hard to make a profit while waiting for an impending fall, that is going to be tough. Nobody can say it will go down, nobody could say it will go up neither though so it is a bit of a challenge right now.

If it falls, it could fall under 10k and that would be horrible for someone who buys, if you bought at 7k the worst it could be was 5k, even if it went under you knew it would go over 5k but here it is dangerous right now and could make you lose 80% if it crashes.

[cryptomaniac_xxx]

Yes, we have the same TA, we are in the period of consolidation, but I think next week we might see a break out run, first to surpass another all time high $42k, and probably breaks into $50k. But first we have to wait till $3 billion worth of bitcoin options are set to expire at the end of the month. And probably after that we might see another strong bullish signal. I'm not gonna sell though if we have reach $50k, looking for at least 6 digits at $100k.

[Kittygalore]

Perhaps your analysis is somewhat close, Bitcoin may rise to this price level and reach  50,000$, but I think that this needs a little more time, in any case on the other hand, the decline of Bitcoin below the level of 32-30K$ is a very worrying thing and may cause violent disturbances in The market is according to my expectations, so I hope that we do not see it drop to this level.

If we want bitcoin to reach a 50k mark, we have to get through the hurdles of 40k resistance, I think that what happened at around the 20k price point could happen again at this current price. If we were to break that 40k resistance then 60k might be possible because if the pattern follows, the price were smooth sailing around the 30k mark so if it ever comes to that point in time, I think that 50k will be a smooth sailing one too.

[passwordnow]

Good decision. I've also learned in the past about my mistake through selling at an early point. This time it will be a different story and journey for me but I think that once bitcoin reaches $50k, that's already a decent amount for me to not regret selling like 5%-20%.
I'm not also going out of bitcoin as long as I can have it at the slightest and minimal that I can, I'll still pursue to accumulate as much as I can do. So buying back is also part of the plan.

There's not early or late if you have a clear exit strategy. You know what price you want to buy, and you must know the price you want to sell. How long that takes to happen is the market's decision. You cannot be buying and holding and thinking you will decide when "the time is right", not as a trader. It is a different story as a holder.

Just like anyone else who considers expensive to buy and cheap price to buy, that stops anyone who sees the price to be as expensive as it is. But you're right that if you have plan and you know which time to buy, what price to buy, you're still going to make it in the end if you follow the strategy. But I disagree with the words I bold. You can buy and hold if you think it's the right time. We have different situations, if you think that it's a low price to buy, you buy it. If you think that it's the right time and price to sell, you sell it.