Navigating Bitcoin BTC Bull Market: $120k+ After CorrectionHello, Skyrexians!
Tonight Bitcoin has printed another one leg up and touched our previous final target at $107k without correction. What does it mean? It means that targets for this bull run are going to be much higher. Anyway, the warning sign of correction is about to be flashed. Let's try to understand what is happening!
On the daily time frame we market the Elliott waves. Taking into account the maximum value of Awesome Oscillator (AO) current growth is still wave 3 because price reached new high but divergence on AO has happened without zero line cross. It means that currently BINANCE:BTCUSDT is printing wave 5 inside major 3. The big warning is the potential red dot printed by the Bullish/Bearish Reversal Bar Indicator , to see the confirmation we need to wait daily close, so everything can be changed. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
After printing red dot previously we have seen the drops in most of cases, so now it can be wave 4. Wave 4 has the target at 0.38-0.5 Fibonacci level. We suppose that price reach $86k and find support there for the new impulse to the upside. If we assume that wave 3 is finished here and wave 4 will be finished at the pointed out target, the wave 5 has the target zone between $120k and $140k. Anyway, it can be easily recalculated, we will update you with all changes.
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1-BTCUSD
Next BTCUSD buy ZoneI am going to assume that the US dollar is increasing in value until we get to the debt ceiling decision. I am expecting a move up to and perhaps beyond the $103-$104 area.
If this happens I have to assume that the BTCUSD will come tumbling down into my next buy zone. If we don't take out the next weekly level, this will be a great buying opportunity. But some sort of confirmation will be needed.
BTCUSD Wyckoff Accumulation Phase completedLets assume that the strength in the US dollar wont last for too much longer, as Central Banks try and work out how many more trillions are needed in the system.
The BTCUSD had been in a trading range for some time and this week we convincingly left it, with a big dose of Bullish price action.
Will it last? IDK. I am long BTCUSD so I am fundamentally in the Bitcoin 🚀 camp so I am also talking up my own book.
However, if we look to Wyckoff and transpose his teachings on the stages of the accumulation phase, we get quite a convincing outlook to the upside.
It could all be down to the fact that we see what we want to see, or it could be a run on the banks to the crypto-sphere.
BTC dell 120.000$📊 BTCUSDT Analysis:
Current Price: $102,859.06
Sell Zone: Near $120,000.00 (🟢 Major resistance)
Support Zone: $77,777.00 (🛡️ Key level for potential rebound)
🚨 Signal:
Bearish Scenario: If BTC reaches $120,000.00, it’s a sell opportunity 📉.
Bullish Scenario: In a strong bull trend (📈), you can buy dips around $77,777.00 (🚀 support area).
💡 Strategy:
Take profits near $120,000.00 🎯 if already holding BTC.
Watch for entries at $77,777.00 🔍 if BTC retraces.
📈 Trend: Overall Bullish unless support at $93,175 or $77,777 breaks (🔻).
🔐 Risk Management:
Stop-loss for buys: Below $73,316.18 (⚠️ Critical level).
Let me know if you need further clarification or tailored strategies!
Bitcoin: New Profit Objectives Greater Risk.Bitcoin is poised to push the 104K high after breaking the previous inside bar (buy signal). While this is exciting and a newsworthy event for the casual observer, it is important to recognize some potential turning points from here. While there is no precision to this, it does offer a way to measure profit objectives and compare them to the growing RISK. Once again I will emphasize that swing trades and day trades are the most effective way to contain the large magnitude of RISK that is often overlooked by many.
The blue arrow on the chart points to the 104K all time high. The thing to avoid here is shorting it with the thinking that it will "double top" ect. At this time there are no signs of weakness. The outside bar that developed a week ago has been bought up, along with any minor pullback thereafter. With the trend structure clearly in place, shorts still pose a high risk, especially on swing trade time frames. There are situations where risk on both sides of the market can be high and these are usually good times to be small or be out.
As far as profit objectives: measuring Wave 1 and projecting from the Wave 2 bottom, I see inflection points in the 105K and 113K areas (see horizontal lines). We can use these to anticipate selling activity and prepare to lock in profits, etc. Can price can further? ANYTHING is possible, but as I will ALWAYS say at highs, the probability is lower. The fact that we are in the vicinity of a Wave 5 of 5 of a broader 3 is what clues me into the limited potential.
The initial retrace from the current high (see illustration) or these anticipated profit objectives will serve as a short term buying opportunity (swing trade). As of now, UNTIL the 90K support is broken, I would not be bearish. Look for supports to hold and confirmations to buy on smaller time frames.
It is important to REALIZE that markets move in CYCLES. At some point this bullish cycle will complete and the next corrective cycle will begin. It may be hard to believe at the present time because news and general sentiment is continuously bullish. What will catch most people off guard is when the next cycle begins, it will seem like a normal pullback only this time will it not be followed by new highs. This is when the typical trader/investor gets married to the market because they refuse to adjust to the changing structure. And like over half of the marriages today, it will be costly.
For me, the 90K break will confirm that the broader corrective cycle is in play.
Thank toy for considering my analysis and perspective.
$TURBO/USDT: Market Sentiment and Trade Analysis $TURBO/USDT: 24-Hour Market Sentiment and Trade Analysis
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Market Overview (Last 24 Hours):
- TURBO/USDT is trading near 0.0080982, showing bullish potential. The pair has gained traction due to increased retail interest and speculation.
- Market sentiment around $TURBO/USDT is driven by broader crypto momentum, with altcoins showing renewed strength as Bitcoin and Ethereum maintain stability.
Technical Overview:
- Support Levels: 0.0065000
- Resistance Levels: 0.0159817 (TP1), 0.0239840 (TP2)
- Indicators: RSI is trending upward but remains below overbought levels, indicating room for growth. MACD shows bullish crossover, confirming positive momentum.
Fundamental Catalysts:
- On-Chain Metrics: Increased wallet activity and trading volume suggest heightened interest in TURBO.
- Tokenomics Overview: TURBO’s token supply and burn mechanisms are creating scarcity, driving demand.
- Community Sentiment: TURBO is gaining traction on social platforms like Twitter and Discord, reflecting strong retail enthusiasm.
- Liquidity: Elevated trading volume supports the potential for large price movements.
Scenario Planning:
- Bullish Scenario: If buying momentum persists, the price could achieve TP1 ($0.0159817) and extend to TP2 ($0.0239840).
- Risk Scenario: If liquidity diminishes or BTC dominance rises, the price could fall toward SL at $0.0045605.
Trade Setup:
- Entry Price: $0.0080982
- Stop-Loss: $0.0045605
- Take-Profit Targets:
- TP1: $0.0159817
- TP2: $0.0239840
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.
BTCUSD 4-Hour Chart AnalysisOverview :
I previously had doubts about whether BTCUSD would rise or fall, but this time I'm quite confident. There's a high probability that it will break through the middle line of the channel and start an upward trend. 📈
Key Technical Indicators :
Ascending Channel Analysis :
- Channel Middle Line Breakout: The price is poised to break through the middle line of the ascending channel 📊, which is a significant bullish signal. This suggests that the previous consolidation phase might be coming to an end, paving the way for a new upward movement.
- Support & Resistance: The channel's support and resistance lines have been tested multiple times, indicating their reliability. The recent price action near the support line suggests a strong buying interest at these levels. 🔒
Volume Analysis :
- Increasing Volume: Notice the increase in volume during the recent price movements 📈, especially around the channel's support line. This indicates growing interest from both retail and institutional investors, often a precursor to significant price movements.
- Volume Spikes: The volume spikes at critical levels suggest strong market reactions, either to buying or selling pressure. The recent volume increase near the support line supports the idea of an imminent breakout. 💥
Fake Breakout :
- Bearish Trap: The recent fake breakout below the channel support 👇 adds to the bullish narrative. This "fake breakout" often traps bearish traders, leading to a sharp reversal as these positions get liquidated. 🏦
Moving Averages :
- Golden Cross: The crossing of the shorter-term moving average (yellow line) above the longer-term moving average (purple line) is a classic bullish signal, known as a Golden Cross 🔄. This crossover indicates a shift in momentum from bearish to bullish.
Conclusion :
- Given the current technical indicators, including the ascending channel, increasing volume, and the fake breakout, BTCUSD is poised for a significant upward movement 🚀. The breakout above the middle line of the channel will likely confirm this bullish trend. Keep a close watch on the middle line for confirmation of the breakout. 🔍
Trading Strategy :
- Entry Point: Consider entering a long position if the price breaks above the middle line of the channel with strong volume. 📈
- Stop Loss: Place a stop loss below the recent support level to manage risk. 🛑
Take Profit: Set take profit levels at previous resistance levels or use a trailing stop to maximize gains. 🎯
Risk Management :
- Position Sizing: Ensure your position size is appropriate for your risk tolerance. ⚖️
- Diversification: Do not put all your funds into a single trade; diversify across different assets. 🌐
Market Sentiment :
- Social Media & News: Monitor social media and news for any significant developments that might affect Bitcoin's price, such as regulatory news or major adoption announcements. 📰
order flow/delta volume indicator (PAID Indicator)Hi All,
here is my gem which i generally dont talk a lot.. look at its performace.. green and red backgrounds are just positive and negative order flow.. 2 lines, black is vwap and blue is the main factor of this indicator i.e. delta volume, its not a support/resistance line. Its teh cumulative delta line,
it goes wtih trend, if i trend is bullish then it'll go up along with price/candle.. if bearish then down, but if it is going against the price then it clearly shows it can be a false move.. just check the same in chart and you'll get it. that way it can help in trapping moves.
BTC Breaks Crucial 101,000 BarrierA green candle has closed above the crucial 101,000 price level, as established by Fib levels.
This comes after a minor pullback that was rejected from the 97,000 with a bullish engulfing candle. This means that there's enough buying power for the price to be rejected at this range, and continue trend upwards.
The Stochastic RSI is also signalling a strong bullish trend.
$BTC is Preparing for a Big Rise Again!#Bitcoin had made a big run after closing the 3-week candle in November on the Fibonacci 1.618 level, which was obtained by reference to the July 2023 peak and September 2023 bottom point.
Likewise, the third weekly candle is about to be completed on the Fibonacci 1.618 level, which is obtained by taking the March 2024 peak and August 2024 bottom point as reference.
Can You Smell It? / BTC 110K is Closer than you thinkBINANCE:BTCUSDT
COINBASE:BTCUSD
Consolidation in Key Resistance Zone: BTC price has repeatedly tested the dark-yellow resistance block (~102,000 USDT) without strong rejection, indicating seller exhaustion.
Higher Lows and Rising Trendline: The ascending trendline shows strong buying interest at higher levels, pushing BTC upward.
Volume Profile (VRVP): The visible range volume profile reveals a volume gap above the current resistance, meaning BTC could move swiftly once it clears the 102K region.
Breakout Signal: A potential breakout candle has formed near the resistance, with smaller consolidations (orange circles) and consistent higher lows acting as a springboard.
Measured Move to 110K: If BTC breaks cleanly above the resistance zone, the green path suggests a measured move toward the next psychological level at 110K USDT, backed by strong momentum.
This bullish structure aligns with accumulation and breakout patterns, indicating Bitcoin's next leg up may be imminent. Monitor for confirmation above 102K.
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BTC Miner "Valuation" ChartThis is not advice on who to invest in, or what, do your own due diligence in checking through the total overall hashrate, the future plans of these companies and how diversified they are in their business operations. IE do they outsource some compute for data centers etc. Hint: Data center usage will be gigantic since it's already built and ready to plug and play so to say.
This is just a super simple analysis of the YTD of some miners I think are pretty decent. This is an incredibly risky "sector" but the larger guys with tons of built or in process of being built Megawatts available are not only positioned to benefit from the rise of bitcoin, and the potential for larger companies to scoop them up for their own ai / data center needs. Just my two cents. As always feel free to reach out for questions or leave a question in the comments. GL
BTCUSD | 15M | CRYPTO | SCALPING TIMEHello guys, I made BINANCE:BTCUSDT analysis for you. For this kind of analysis, please value my analysis with your likes Thank you very much to everyone who supports me by liking
SIGNAL ALERT
BUY ( BTCUSD ) 101.691.00 - 101.650.00
🟢TP1: 101.900.00
🟢TP2: 102.374.00
🟢TP3: 103.000.00
🔴SL: 100.631.00
Stay with love guys.
Bitcoin Halving & Its impact on price growth update from 13 Dec.Addition to previous analysis from 13 Dec 2024
Executive view
I won't delve deeply into the definitions of price movements for KRAKEN:BTCUSD ,
as an in-depth analysis was already provided in my previous article dated 13 December 2024. You can find the full breakdown here:
In this updated version, I aim to provide a broader perspective on Bitcoin's future price movements and its potential trajectory. If the outlined theory holds true, we are still in the mid-term phase, and the cycle’s top has not yet been reached.
I maintain my view that the top for KRAKEN:BTCUSDT could approach $200,000.
Disclaimer:
Conduct your own research and ensure proper risk management before making any trading decisions.