BITCOIN | MACRO OUTLOOK | Top is IN | ALTCOINS SHINEI've been risking my opinion for the better part of a year, saying that the ATH is stilllll coming. Now, it's time for me to choose my trades again; and I'm choosing to take my profits here.
Here's a replay of an entire year's worth of BTC updates, incase you want to verify😉:
The next thing I'm looking at is the continuation of Altseason , because the TOTAL3 chart peaks AFTER the BTC high. I touched a little bit on this mechanic here; but I think I'll do another update on that in coming days.
After alts top-out, for BTC bounce zones I'll consider the moving averages, Elliot wave corrective theory, and previous resistance zones as new bounce zones. But this is near term, not short term.
Stay tuned!! Cheers to the believers 🥂
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COINBASE:BTCUSD
1-BTCUSD
BTC Huge Gap!!! We going back to 75k?Hey guys!
Congrats all with BTC ATH and recent profits, I was not commenting the situation, because it was pretty clear, and we all know what was happening.
But also, as we know, even in the bull cycle have to be corrections and consolidations.
So here at the futures chart, we can see a huge gap around the healthy correction possible zone (max to 30%). Also, we have RSI oversold for sure and descending volumes.
Plus, in December there were no promises about decreasing US Interest rate, so possibly December can end up in this correction phase.
What's your thoughts about when and how much we could go? Let's chat in the comments =)
SPY/QQQ Plan Your Trade For 11-25-24 - Carryover TrendToday's pattern is a Carryover in Trend mode. Obviously, this is a holiday week, and because of low liquidity, I expect to see moderately wild price volatility.
Stay cautious, as price moves could be exaggerated this week.
Gold and Silver are still attempting to break higher and trading in a consolidated sideways price channel.
BTCUSD pauses into the holiday week.
This would be a good week to pause, read a good book, and avoid the risks in the global markets.
This shortened trading week will likely result in very wild price swings.
Stay cautious.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
MUMU #meme #cryptoThis chart highlights a bullish trend with higher lows , reinforcing an ascending channel structure. Blue arrows point to successful support retests, confirming a strong uptrend. The potential target is marked by the resistance line, projecting an 89.90% price increase. Current conditions favor further upward momentum within the channel.
25/11/24 Weekly outlookLast weeks high: $99,591.61
Last weeks low: $89,381.02
Midpoint: $94,486.31
Crypto continues to climb! Bitcoin less than 0.5% off the famous $100,000 milestone, we could see it broken this week if momentum is to continue going into month end. Last week we saw a steady climb from Monday to Friday with a similarly steady sell-off over the weekend, mostly due to lack of institutional buying that we've been used to since the Trump election win. This drop in buyers over the weekend naturally brings price down as the buyside demand drops, however it is expected to return during the weekdays.
Altcoins benefited from this reduction in BTC buyers with a shift from institutional whales to more retail players over the weekend. I expect to see the momentum return to BTC during the week. We saw BTC ETF options trading launch last week with 83% of hundreds of millions of dollars in volume betting on the price being higher, one contract of which (C100) expires on 20th Dec says BTC price will double in 1 month!
This week the question is will we see $100k, and what will happen if we do? Naturally there is a psychological importance to a big even number like this, and for retail investors that could be considered as a big thing, a possibly bearish level as retail takes profit, the story hits the mainstream news and creates a sell the news event? In previous cycles I would have said that was very possible, however, now the market is driven by institutional investors, ETF's and whales. These people are not interested in these 'big even numbers', they're interested in the bigger picture and for that reason I could see BTC blasting through $100,000, catching retail sidelined and having them panicking to re-enter, that's when a possible pullback could happen as that would be max pain for retail. I do think a pullback is coming eventually but for now the structure is very positive, shallow pullbacks are being bought up quickly with HH's & HL's consistently.
For this week I am looking at ETH against BTC as it looks to claw back some gains having been left behind this cycle so far. Altcoins are looking good too, the longer BTC pauses the more money will flow into alts, however any significant pullback in BTC will nuke alts as it has all year.
BTCUSD path to 200 000 USD weekly chart overview🔸Hello traders, today let's review weekly price chart for BTCUSD .
going into BTC halving event later in April bulls still maintain control,
having said that, we are closing on on the danger zone, which is
defined by 75 000 - 100 000 usd, so let's review the primary scenarios
for bitcoin prices going forward. No nonsense overview, no dinosaurs,
NFTs, super mario patterns, etc, just pure price action. Let's dive into it!
🔸Looking at the weekly price chart (log scale), bitcoin is trading
in well-defined bullish channel since 2018 on weekly timeframe.
We got a confirmed/strong sequence of higher lows / higher highs,
which is a clear definition of an ongoing uptrend. Prices are projected
to appreciate further, however there are two possible outcomes/scenarios
going forward, so let's review them.
🔸SCENARIO1: uptrend resumes without any reasonable pullbacks,
which will catch a lot of traders off guard, generate strong momentum
and FOMO and BTC then will be projected to hit a final target near
200 000 USD by end of 2024. This is one of the options, definitely, however
traders should be aware of the high danger zone, we are closing in
on it right now - 75 000 - 100 000 usd - high risk of pullback/reversal.
🔸SCENARIO2: after halving initially we get solid gains / BTC pumps
into high danger zone on decent / strong volume, however once we
hit near 75 000 - 100 000 usd momentum fades / dies off and we start
to top out on weekly price chart with heavy sell-side wicks and
bulls eventually lose control near 100 000 usd and then we proceed
into pullback/correction mode. It's possible that we lose up to 50%
of the recent gains in the ongoing correction, based on the weekly
price chart logical/next higher low might be printed near 35/40K.
🔸Bottom-line/recommended trade setups: if you are already
a long-term holder and bought low near 20 000 usd, you should
definitely keep holding and ride out the volatility, as the price
target at 200 000 USD is still very reasonable / possible within
12-24 months. If you bought recently anticipating massive gains
post BTC halving you should be very careful and watch out for
potential reversal near Danger Zone. good luck traders!
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November 22 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
Nasdaq indicators will be released at 10:45 in a little while.
Today's Nasdaq crash is the key,
but based on analysis, there is a possibility that there will be an upward wave from below rather than a crash.
Even if I miss the entry point today,
I continued to worry about whether I should go stable,
and concluded that it is the safest way.
Please read the analysis in detail.
The bottom left is yesterday's bottom section,
and I created today's strategy with the condition of maintaining a long position.
*Red finger movement path
Long position strategy
1. $98,245 long position entry section / cut-off price when green support line is broken
2. Top section $100,284.5 1st target -> Good 2nd target -> Great 3rd target
(If you drag to the top, you will see the Great price.)
Orange resistance line 1st at the top / green support line 2nd at the bottom
Sideways until the convergence section.
In today's analysis,
the most important part is that it can be pushed to the 2nd section of the green support line.
I was worried because there is a certain price range,
but I think it would be good for beginners to use split purchases according to real-time Nasdaq movements or prepare for the final lower tail rebound.
If there is a rebound within the purple support line as planned,
the pattern is clean and not broken,
but since the 2-hour chart MACD dead cross is imprinted,
even if it goes up, I focused on a strong rise rather than a surge.
It is still a safe zone in terms of the pattern,
and if it doesn't deviate to the final sky blue support line,
it can continue to hold on because the upward trend is strong.
The 100K that seemed like a dream is finally in sight.
In the case of sideways movement, there may continue to be good movements in altcoins over the weekend,
so I hope you harvest well as much as you have worked hard.
If the one that originally went up goes up well,
and Ripple loses strength,
in the majors,
anyone can see that Ethereum is in order, right?
Up to this point, please just refer to and use my analysis,
and I hope you operate safely with principle trading and stop loss prices.
You worked hard this week too.
Thank you.
BTC Last Dance Before Starting the Correction PhaseBINANCE:BTCUSDT
COINBASE:BTCUSD
BTC can now reach 100K. Because there were many short positions near 100K after BTC reached this level, there is nothing to hold back BTC, so the price trend can stay bullish until it reaches the specified area. After that, there is a possibility of a price correction phase, and after all...
ALT SEASON
Also, don't forget to check out my previous idea on BTC; all targets were achieved.
Bitcoin - Will Bitcoin stabilize above $100,000?!Bitcoin is above the EMA50 and EMA200 in the 4H time frame and is trading in its ascending channel. Risk On sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. We will look for bitcoin selling positions in the range of the channel ceiling (weekly).
Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. The break of the charted channel will pave the way down for Bitcoin. Bitcoin buying positions can be looked for in the two specified demand zones.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.
Michael Saylor, founder of MicroStrategy and a prominent Bitcoin advocate, is set to present a Bitcoin investment strategy to Microsoft’s board of directors next month. On November 19, Saylor announced that he would have three minutes to outline the investment plan to the board.
This development follows Saylor’s headline-making proposal last month, where he offered to help Microsoft generate $1 trillion in revenue through a Bitcoin-based treasury strategy. In an October post on X, Saylor urged Satya Nadella to reach out if he wanted to secure the next trillion dollars for Microsoft’s shareholders.
The proposal came after reports that Microsoft shareholders would vote on a proposal to consider Bitcoin as a reserve asset. However, the board of directors blocked the proposal. Nevertheless, market observers noted that major shareholders like Vanguard, BlackRock, State Street, and Fidelity will play a critical role in the company’s final decision.
With $78 billion in cash reserves, Microsoft has made significant investments in companies such as Skype and OpenAI but has yet to allocate any funds to Bitcoin or related assets. Saylor argues that this approach is short-sighted and urges tech giants like Microsoft, Apple, and Google to consider Bitcoin as a superior alternative to cash reserves. According to Saylor, if Apple had invested $100 billion in Bitcoin, it could have grown to $500 billion, and the company would now have a $500 billion business growing at 20% annually.
Last week, altcoin trading volumes surpassed $300 billion for the first time since 2021.
Meanwhile, lawmakers in Pennsylvania have introduced a bill in the state’s House of Representatives that would allow the state treasury to allocate up to 10% of its funds to Bitcoin. If passed, the law would enable the Pennsylvania Treasurer to invest part of the state’s $9.7 billion general fund and its nearly $7 billion “rainy day” fund in Bitcoin.
Bitcoin itself has surged past $99,000, marking its largest monthly candle in several years. So far, the cryptocurrency has recorded a 40.67% monthly gain.
Donald Trump, the president-elect, has nominated Scott Bessent, a prominent hedge fund manager and cryptocurrency advocate, as the next Treasury Secretary. Bessent, founder of Key Square Group, is expected to play a pivotal role in shaping Trump’s economic policies and has supported the president-elect’s plan to establish a strategic Bitcoin reserve.
Bessent’s nomination will require Senate confirmation. If approved, he will oversee the administration’s economic agenda, including tax reforms and cryptocurrency-related policies. His extensive experience in finance and investment is expected to influence the Treasury Department’s approach to emerging financial technologies.
Google searches for Bitcoin have reached their highest level in a year.
Meanwhile, Republican Senator Cynthia Lummis of Wyoming told CNBC, “The proposal I’ve put forward, and one that President Trump has discussed, involves creating a strategic Bitcoin reserve.” She added, “This digital asset acts like a gold standard, and a strategic Bitcoin reserve is a way to integrate it into our system.”
She explained that the Federal Reserve’s 12 banks currently hold reserves that include gold certificates, which can be revalued at fair market value. Senator Lummis proposed converting these gold reserves to Bitcoin, thereby eliminating the need to print new dollars to establish this reserve.
BTC’s logarithmic bullflag targets on the monthly chart Shown here are the two bull flags that have formed since the last bull market top. Since this is on the logarithmic chart, there’s no guarantee that we can hit any of these breakout targets in the current bull market, however the smallest flags breakout target of around 199k has a much higher probability of being reached in the current bull market than the others. That being said, there is still a chance we could hit one of the 2 potential targets for the 2nd bigger flag, and even hit the highest target shown here as well which is a breakout target from a flag from 2 full bull markets ago that hasn’t yet hit its full target. Considering that logarithmic chart patterns from the higher time frames (monthly and higher) usually tend to take 2 bull markets to be reached so that does slightly raise the probability that we could hit that highest target this bull run as it is 2 bull runs after that flags breakout occurred. This probability is bolstered also by the fact that the bull flag prior to that one only took 2 bull rackets to reach its target as well.Whatever the outcome, I feel fairly confident that if not this bull run we should definitely be able to reach the 280k target by the next bull market and also very likely to reach the highest target by ext bull run as well since then it would be 3 full bull markets since that flag confirmed its breakout. Patterns worth keeping an eye on anyways regardless of how long it takes for them to reach their full targets. *not financial advice*
BTC USD IdeaSo on the weekly, we're very bullish. However, the daily chart shows low-volume days, which can be frustrating. Last night, we finally filled the gaps and single prints, setting the stage for a potential upward move. At least, that's my opinion. If we start breaking down, I'll need to take profits. Who knows how big the pullback could be? But for now, we're staying strong and aiming for the 100K target.
Bitcoin’s entire history is just a series of bullflag fractalsOn the entire bitcoin history index monthly logarithmic chart we can see how Bitcoin is nothing but bullflags. The second bullflag we broke up from took 2 bull runs to hit its full breakout target. The first one however because of how insanely long its pole is, has still yet to hit its full breakout target. It is now the 4th consecutive bull market since it broke out of the first flag though so perhaps it will reach that target this bull market, if not this market I’m confident the 1st flag will finally reach its full target next bull market. The second bull flag in the fractal series was able to hit its full target within 2 bull markets which is typically about the pace the huge macro patterns on the logarithmic chart tend to take. The other Flags since that second flag also are yet to hit their full targets but if the next flag in the series is also able to hit its full breakout target within a 2 bull market timeframe, the flags after it will also have to hit their targets as well on the way yo hitting that 3rd flags breakout target. We can see each flag seems to be getting progressively smaller as the fractal continues so odds are good the time it takes each flag to reach its full breakout target should also be getting progressively smaller as well so that would make sense. Anyways I just wanted to post a new version of the entire bitcoin history’s bullflag fractal so i could easily reference t and follow its progress for the current bull run *not financial advice*
BTC/USD CHART ANALYSIS – NOV 25📊 BTC/USD CHART ANALYSIS – Weekly Update
📈 Technical / Naked Price Action
⚖️ Overall Sentiment: Cautious Optimism
🎲 Hello traders!
Bitcoin finds itself at a critical juncture, hovering just below the monumental $100,000 mark. Last week, BTC made multiple attempts to break this psychological level but ultimately fell short, reaching a high of $99,800 . This resistance is largely attributed to heavy sell block orders on major centralized exchanges (CEX).
💡 Key Observations:
Bullish Outlook: If BTC successfully breaks above $100,000 , we could see a strong upward trend, potentially targeting the $140,000 zone as a ripple effect.
Bearish Outlook: However, failure to breach this level may lead to a pullback to the $90,000 support range , where buyers could re-enter the market.
Current Strategy: No active trades for now—I’m waiting for a clear breakout above $100k or a retest of $90k before committing to any positions.
📌 Trading Tip:
Patience is key in a market like this. Avoid chasing trades and wait for confirmation before entering long or short positions.
🧠 Let’s Collaborate!
What’s your take on BTC this week? Share your ideas and charts in the 💬. Let’s discuss whether we’re headed to new highs or revisiting support levels!
Best Regards,
The NFX Team™ 💚