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1-BTCUSD

BITCOIN What lies ahead after this correction? The DXY x-factor.Bitcoin (BTCUS) is having in the past 2 weeks the technical correction is should based on the previous Bull Cycle. As you can see, since the U.S. elections it has rallied aggressively past its previous All Time High (ATH), same way it did in December 2020. ** Bitcoin and Doge during 2020 ** At the same time, the alt coin market was mostly consolidating in preparation of a bullish break-out. A representative example of such behavior would be Dogecoin (DOGEUSD) as seen in orange on this chart, which during BTC's December 2020 rally, it was consolidating/ pulling-back (green circle) from an initial rally. However it remained significantly below its previous ATH, the same way it is now. ** The DXY decline sparking crypto rallies ** Notice the U.S. Dollar Index (DXY), displayed by the green trend-line on this chart. Right now it is has been rallying in the past three months, at the same time as Bitcoin has. In the previous Cycle in 2020, it hit a top during the COVID March 2020 market crash and with the smashing of the Interest Rates, it started a Channel Down decline that backed perfectly Bitcoin's rally. We has the exact same DXY-backed rally during Bitcoin's 2017 Bull Cycle. As a result, we are seeing a paradox on the current Cycle: BTC entering its most aggressive phase (Parabolic Rally) of the Bull Cycle and rallying despite DXY rising. That is attributed of course to a large extent to the huge ETF inflows (something that wasn't present in 2020). ** Overdue DXY decline? ** This leads us to believe that an overdue decline on the DXY, just as the Fed has initiated a new cut Cycle (as they did during the COVID crash), will push Bitcoin and especially the alts market, including Doge, to a new rally. Of course DXY's decline may not be as aggressive this time, as the stimulus shouldn't be that high (especially with Powell's recent remarks on a 2 rate cut expectation in 2025 instead of the previous projection of 4), but it could be enough to spark the final BTC rally of the Bull Cycle and the much anticipated Altseason. So do you think the market will rally once more on a potential 'delayed' DXY drop? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
7
Bitcoin - Please Look At This Timeframe!Bitcoin ( CRYPTO:BTCUSD ) is still totally bullish: Click chart above to see the detailed analysis👆🏻 Please just make sure, that you don't trust Bitcoin with its daily swings of more than -5%. Looking at the overall picture, Bitcoin is still incredibly bullish and almost trading at its all time high. Bulls are 100% in control of everything and some profit taking along the way is just normal. Levels to watch: $70.000, $100.000, $300.000 Keep your long term vision, Philip (BasicTrading)
CRYPTO:BTCUSDLong
by basictradingtv
29
Bitcoin/USDT AnalysisCurrent Price: The chart shows Bitcoin trading at approximately $95,660, with recent downward momentum (-2.11%). Support Zone: Around $91,800 - $93,500 (gray highlighted region), providing a strong base where price could potentially reverse or consolidate. Resistance Levels: $98,200 - $99,000: The first resistance level to watch if the price bounces upward. $101,000 - $102,000: A secondary resistance zone. $104,000 - $105,000: A higher resistance zone that aligns with previous peaks. Potential Scenarios: Bullish Scenario: If Bitcoin holds above the support zone ($91,800 - $93,500), a rebound toward $98,200 and potentially $101,000 is likely. A breakout above $101,000 could pave the way to test the $104,000 - $105,000 range. Bearish Scenario: A breakdown below $91,800 might signal further declines toward $90,000 or lower levels. Trend Analysis: The short-term trend appears bearish; however, the support zone may serve as a strong reversal point for a potential upward move.
Long
by melikatrader94
9
Exploring the Connection Between Bitcoin and Holiday MarketHello and greetings to all the crypto enthusiasts, ✌ In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Bitcoin , 📚🎇 In recent years, it has become a common pattern to see brief downward corrections in the cryptocurrency market, particularly during the holiday season or year-end period. This behavior is a normal part of market cycles and does not undermine the overall validity of the ongoing bull market. 📚✨ From a technical standpoint, minor pullbacks, often reflected in red candlesticks, are essential for maintaining healthy market momentum and facilitating further growth. These corrections allow for market consolidation, preventing overextension. 📚✨ Exclusively observing an uninterrupted string of green candles could indicate an unsustainable rally, potentially leading to a more severe correction down the line. Consequently, these brief periods of downside are necessary for long-term market stability and profitability. 📚🎇 🧨 O ur team's main opinion is: 🧨 Recent market behavior shows that short-term downward corrections, especially during the holiday season, are common and part of a healthy cycle in the ongoing bull market. These brief pullbacks are necessary for maintaining momentum and preventing an unsustainable rally. 🎇 Give me some energy !! ✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box. Cheers, Mad Whale. 🐋
Long
by MadWhale
bitcoin dips below 60kbitcoin dips below 60k, but we're unfazed. i see this playing out as we move into the depths of winter,,, this crypto winter ❄️ why would this happen, you ask? the answer is simple: a stop-loss raid. a sharp wave 4 designed to shake out weak hands. distribution may have already started, hypothetically speaking, but it'll take the rest of the year to unfold. think of it like the jan 2021 -> april 2021 vibe, only on a slightly higher degree and timeframe. --- take note of the highlighted wave 2's and wave 4's on my chart. what i'm illustrating is "the law of alternation," which states: if wave 2 is flat, wave 4 will be sharp, and vice versa. all the wave 2's in this cycle have been flats, so by design, all of our wave 4's are set to be sharps. this fits neatly into the larger cycle: sharp retracements triggered by over-leveraged positions, yet consistently bought up thanks to strong demand. with each sharp retracement, however, the upward moves become smaller, as momentum gradually fades. --- w4 target: below 60k w5 target: between 150k-200k (conservatively). --- ps. i have recently shared a much more bullish idea via:
CRYPTO:BTCUSD
by notoriousbids
2
SPY/QQQ Plan Your Trade For 12-27-24: Momentum Rally PatternThe last Friday of the year (2024) should show up as a moderate Momentum Rally in the SPY/QQQ - possibly seeing the SPY target 603 or higher by the end of the day. Gold and Silver are consolidating into a FLAGGING formation. Bitcoin is trapped in a consolidation range (right shoulder) pattern that should break downward over the next 5+ days. This is the time to position your trades for the beginning of 2025 and prepare for moderate volatility as the markets struggle for direction. The Momentum Rally pattern, today, should present a very clean opportunity for skilled day traders. I believe a deeper low is likely to setup between January 15 and January 25, 2025. So, be prepared for another roll to the downside after we get past the New Year. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
Divergences for dummies!we wanna talk about Divergences! and how to use them to our advantage! there 4 kind of divergences in total which we will describe one by one! 1-regular Bearish Divergence (-RD) 2-regular Bullish Divergence (+RD) 3-Hidden Bearish Divergence(-HD) 4-Hidden Bullish Divergence(+HD) first let's talk about the effects of divergences and than get into each one. divergences are strong signals that will reassure us of the continuation of the trend or the ending of them! so let's get into each one! note that the trend is pretty important in finding divergences! for finding regular divergences on a bullish trend we must look at the tops and in a bearish trend we must look at the bottoms. for Hidden divergences though we must look at the bottoms (in a bullish trend ) and tops (in a bearish trend) so let's get into it! 1.regular bearish divergences (-RD): these divergences accrue when the tops are higher than each other(in a bullish trend),but on RSI or MACD indicators the tops are lower or in the same position next each other (in a bullish trend) in this situation we can be sure that the trend is about to change and start the bearish movement at least for a while! 2-regular bullish Divergence (+RD) : this divergence is accrued when the trend is bearish (bottoms are lower than each other ) but on RSI or MACD indicators the Bottoms are higher or next to each other. in this situation we can come to a conclusion that the trend can't be bearish for ever and the trend must change! 3-Hidden bearish Divergence(-HD):The tops are lower than each other ( in a bearish trend) but the tops on MACD or RSI indicator are higher or in the same position next to each other in this situation we can be sure that the trend can still be bearish . 4-Hidden Bullish Divergence(+HD): these divergences accrue when the bottoms of a bullish trend are higher than each other but on the MACD or RSI the bottoms are lower or in the same position next to each other in this situation we can be sure that the bullish trend can still continue! this is a clear example of (+HD) and It's effectiveness! We hope that you've learn something with this post . Have a nice day and Good luck. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Education
by Cryptonic_Trading
BTC short-term rebound under pressureBTC is currently in a downward channel adjustment. The double top of 100,000 points is under pressure. If it breaks above here, the short-term trend of BTC will turn from weak to strong. The short-term level narrow range breaks down and rebounds to repair. The short-term resistance above is 97,600, which is also the pressure level on the upper edge of the upward channel. The short-term support below is 95,000. If this position breaks down, the price will test the 92,500 line. On the current trend, BTC’s short-term rebound has offset the shrinkage. The upper range is suppressed in a narrow range. In terms of operation, it is still mainly rebounding and shorting.
Short
by RonPeter_Trading
Bitcoin[BTC] - Do you see a similarity ?#BTC/USD #Analysis Description --------------------------------------------------------------- + Dec 2024 Bitcoin chart looks exactly like the pattern of the Dec-2023 + In Dec-2023 we saw similar channel formation and price broke down from the support line briefly and then bounce back in January. + The same pattern we are seeing now, channel formation completed and price broke down from the support line of the channel. + I'm expecting price to decline further upto 85k zone and bounce back from there. + A bounce back from this zone will push the bitcoin price parabolic. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
BITSTAMP:BTCUSDLong
by VectorAlgo
3
BITCOIN DOMINANCE - Clear chart , Clear dataYour trading struggles are summarized in this chart weekly chart displays breakout a massive rising wedge pattern and now retesting... Everything is fine as long as you’ve bought your coins at good prices. All this struggle is simply summarized in this retest. What’s expected is strong price fluctuation until mid-January, after which things should settle down. If you’re out of the market and looking to enter, try to do so during the next correction
CRYPTOCAP:BTC.DLong
by ceciliones
3
CRV:bullish continuation in play1️⃣ Bullish Flag Formation: CRVUSDT has been consolidating within a downward-sloping channel, forming a bullish flag. This is a classic continuation pattern, where the price temporarily pauses before resuming its previous trend. 2️⃣ MACD Bullish Divergence: A bullish divergence is visible on the MACD indicator. While the price made lower lows during the consolidation, the MACD histogram printed higher lows, indicating a weakening bearish momentum and strengthening bullish potential. 3️⃣ Breakout Setup: The price is nearing the upper trendline of the flag, signaling a possible breakout. A confirmed breakout could lead to significant upside movement, potentially targeting the next resistance levels based on the flagpole's height. 📈 Projected Target: If the breakout occurs, CRVUSDT could continue its uptrend, targeting higher levels in line with the measured move of the flagpole. Keep an eye on the breakout confirmation! ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Long
by Cryptonic_Trading
DAY 7 - Daily BTC UpdateThe Holidays have slowed the markets - for now. I've introduced a third potential scenario for Bitcoin (BTC), which is bearish and might see the price retesting the DAILY 100 Moving Average near $80K. Although this scenario seems less probable given the current market sentiment, where large corporations and businesses are actively accumulating, it's crucial to consider all possible outcomes to avoid the pitfalls of an "up-only" mindset prevalent in bullish markets. Remember, corrections are healthy and contribute to the robustness of the overall market pattern. After yesterday's positive momentum shift, we've again seen a lull in the market and increased sell pressure as the US gears up for tax season. The recent price movements in Bitcoin indicate an adjustment to overbought conditions following the election, with technical indicators suggesting a continuation of the bearish trend in the short term unless there's a significant influx of buying support. Keep an eye on these developments, as they could dictate the next moves in Bitcoin's price trajectory. Trading Tip: As we have no confirmed direction currently - One effective strategy during volatile periods like this can be the "Dollar-Cost Averaging (DCA)" approach. Instead of trying to time the market, you regularly invest a fixed dollar amount, regardless of the asset's price. This method reduces the impact of volatility by spreading out the purchase price over time. For Bitcoin's current scenario: Set a regular schedule: Decide to buy a fixed amount of Bitcoin weekly or monthly. Stay disciplined: Avoid investing more when prices seem low or less when they're high. Consistency is key. Long-term perspective: DCA works best if you hold for the long term. It allows you to benefit from the average price over time rather than trying to predict short-term movements. This approach can mitigate the risk of entering the market at peak prices and can lead to purchasing more units when prices are low, potentially lowering your average cost per Bitcoin over time. Remember, while DCA can smooth out the volatility, it does not guarantee profits and should be part of a broader investment strategy considering your risk tolerance and financial situation! Thanks for following the 7 Days of BTC updates, and if you want these Daily - links are in my Bio :)
by LisaNEdwards
Bitcoin's Ultimate Pump: The Trap Before the CrashBitcoin continues its “hype” and is close to forming the next spurt. Globally, the picture looks like close to the distribution zone. We are approaching the biggest “cheat” in history. I expect a final spurt into the zone around 120k, from here a long trade will start where altcoins will shoot up and show incredible gains. The crowd will be experiencing FOMO, heads of state and big companies will start making noise that this is just a pro-trade level for Bitcoin before the next spurt. Only the majority will fall back into the trap and end up in a bear market with huge losses. The market is set up so that only 10% will make money and the other 90% will be cheated. After the distribution is completed, I expect the bitcoin price to fall below the 0.5 Fibonacci level. The RSI value will drop below 30 units on such a drop and we will enter a global fear phase. I would attribute the next bull market to the rise of the DeSci and AI sectors. My research on the cryptocurrency market sectors shows that large funds and corporations are starting to invest in projects in these areas. Horban Brothers.
BITSTAMP:BTCUSDLong
by horbanbrothers
TURBOUSDT: Promising Setup for Short- to Mid-Term GainsI spend time researching and finding the best entries and setups, so make sure to boost and follow for more. Turbo ( OKX:TURBOUSDT ): Promising Setup for Short- to Mid-Term Gains Trade Setup: - Entry Price: $0.0096522 - Stop-Loss: $0.0063183 - Take-Profit Targets: - TP1: $0.0150133 - TP2: $0.0230523 Fundamental Analysis: Turbo ( OKX:TURBOUSDT ) is a meme-inspired cryptocurrency that continues to thrive due to its active community and strong engagement. MYX:TURBO has carved out a niche in the competitive crypto market, leveraging its branding and community dynamics to attract a loyal following. With the recent bullish momentum across meme coins, MYX:TURBO is well-positioned for a potential rally. Technical Analysis (4-Hour Timeframe): - Current Price: $0.0096522 - Moving Averages: - 50-EMA: $0.0092000 - 200-EMA: $0.0085000 - Relative Strength Index (RSI): Currently at 58, signalling growing bullish sentiment. - Support and Resistance Levels: - Support: $0.0090000 - Resistance: $0.0110000 The 4-hour chart shows OKX:TURBOUSDT forming higher lows, indicating a strengthening trend. If OKX:TURBOUSDT breaks above the immediate resistance at $0.0110000, it could quickly move toward TP1 and beyond. Market Sentiment: Market sentiment for OKX:TURBOUSDT remains positive, driven by increasing trading volumes and renewed interest in meme coins. The broader crypto market recovery provides a supportive backdrop for this move. Risk Management: A stop-loss at $0.0063183 ensures manageable downside risk, while the take-profit targets provide excellent risk-reward ratios. TP1 offers a potential gain of **55%**, and TP2 offers a gain of **139%,** making this setup ideal for swing traders. Key Takeaways: - OKX:TURBOUSDT shows strong technical and market momentum, making it a compelling short- to mid-term trade. - The trade setup offers attractive risk-to-reward ratios for traders seeking to capture the upside potential of meme coin rallies. - Disciplined adherence to stop-loss and target levels is critical in navigating the volatility of this market. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
Long
by SiriusTrading
Bitcoin at a Crossroads: Testing Key TrendlinesBitcoin’s current price action places it at a decisive technical level, where historical and recent trendlines converge. This area holds significant implications for the future direction of the market. 🔍 Key Observations from the Chart The Two Trendlines in Focus Old Trendline: This line, originating from the previous bull market, acts as a critical long-term support. Its historical significance makes it a widely-watched level for market participants. Young Trendline: This trendline represents the momentum of the latest bullish recovery. A break here could signal a potential shift in sentiment. Liquidity Cluster Around $92,500 A clear liquidity zone lies just below the current price. Such zones often attract price action as market makers seek to clear stop-losses or gather liquidity before determining the next move. Imbalance Zones Below Imbalances between $85,000 and $70,500 are visible on the chart. These areas represent inefficiencies in price action that could serve as potential targets if support levels fail. 🎯 Levels to Monitor Support Levels: Young Trendline (~$93,800): The first line of defense for bulls. Old Trendline (~$93,800): A breach here would signal a deeper retracement. Liquidity and Imbalance Targets: Liquidity Zone: $93,000-$92,000. Imbalance Zone 1: $85,000–$81,600. Imbalance Zone 2: $74,400–$70,600. Resistance Levels: If BTC bounces, watch for reactions near $98,000 and $100,000 as short-term resistance. 🤔 What Could Happen Next? Scenario 1: Support Holds If the trendlines hold, BTC could see a recovery toward $98,000 or higher, maintaining its bullish structure. Scenario 2: Break Below Support A loss of the young and old trendlines may lead to a retest of the liquidity zone at $92,500. If this level fails, the imbalance zones below become the next logical targets. Volatility Ahead With price so close to these key levels, whale activity and stop-hunting wicks are likely. Traders should prepare for possible fakeouts before the true direction becomes clear. ⚡ Key Takeaway Bitcoin’s position near these converging trendlines makes this a crucial moment. Whether the supports hold or price dips to fill lower imbalances, the upcoming moves will provide important clues about market sentiment heading into the new year. Patience and risk management are essential in this environment. Stay neutral, observe the price reaction to these levels, and let the market reveal its hand.
by SetKryptoBalans