Market Correction: Key Support Levels and Strategic OpportunitieThe market has experienced a decline over the past few days, leading to the liquidation of leveraged long positions and the introduction of new liquidity.
This may represent a healthy correction within the context of the broader market trend, which remains firmly upward.
As such, the optimal strategy continues to be to buy on dips.
Key levels to monitor include the strong support area around 84,500, with additional support at the 73,000 level.
While these support levels may not be reached, it is wise to stay alert for potential buying opportunities if the market approaches them.
Take care!
Bitcoinprice
BITCOIN | IF DECLINE GOES DEEPERThe possibility of a deepening decline appears serious, and it’s essential to stay prepared for such scenarios. I have identified my hedge short levels at the red boxes, which I consider key areas for managing risk and capitalizing on potential downward movements.
Monitoring these levels closely will be crucial to adapting effectively to the market's evolving structure.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
Short Bitcoin (BTC) (For Study Purpose Only)Short Recommendation
Entry Level: Below $94,000
Stop Loss (SL): $111,111
This surge has been largely attributed to President-elect Donald Trump's pro-cryptocurrency stance, including promises of deregulation and the establishment of a national strategic Bitcoin reserve.
However, concerns are emerging regarding Bitcoin's current valuation. Analysts warn that the market may be overheating, with some predicting a potential correction of up to 35%.
COINTELEGRAPH
Additionally, Federal Reserve Chair Jerome Powell has stated that the U.S. central bank cannot hold Bitcoin, which has introduced uncertainty into the market.
This analysis is for educational purposes only. Always consult your financial advisor before making any investment decisions. Cryptocurrency trading involves significant risk, including the potential loss of capital. Ensure to evaluate your risk tolerance and conduct thorough research.
Bitcoin's road to 150,000 Bitcoin Halving 2024: A New Era
The fourth Bitcoin halving, expected on April 15, 2024, will cut the block reward to 3.125 BTC, increasing scarcity and reinforcing its deflationary nature. Historically, halving cycles drive three phases: a bullish uptrend in the first 70,000 blocks, a bearish retracement in the next 70,000, and sideways consolidation before the next halving. This cycle points to a potential peak of $150,000, supported by historical trends, logarithmic regression, and metrics like the MVRV ratio.
Current Market Position
Bitcoin has emerged from the sideways phase of the third halving era (2020–2024) and is poised for a bullish run. The MVRV ratio, currently at 2.24, signals fair value, with room for growth. Historical patterns show Bitcoin dominance surges above 70% during bullish phases, supporting price appreciation.
Halving Cycles and Projections
Bitcoin's logarithmic regression model aligns with these price phases:
Bullish Phase (0–70,000 blocks): Exponential growth; projected high of $150,000.
Bearish Phase (70,000–140,000 blocks): Retracement of 80%, with lows around $55,000.
Sideways Phase (140,000–210,000 blocks): Consolidation before the next cycle.
MVRV Ratio Insights
The MVRV ratio (Market Value to Realized Value) serves as a key valuation tool:
MVRV > 3.7: Overbought, market tops.
MVRV < 1: Undervalued, market bottoms. The current reading of 2.24 reflects equilibrium, signaling potential upside.
Timeline Overview
April 2024 (Halving): Demand rises, supply tightens, sparking bullish momentum.
2025–2026: Peak at $150,000 as the bullish phase matures.
Post-Bullish Phase: Retracement to $55,000, consistent with historical patterns.
Conclusion
Bitcoin’s cyclical dynamics, driven by halving mechanisms, position it uniquely in financial markets. Historical data and on-chain metrics suggest a bullish trajectory to $150,000, with an 80% drawdown to $55,000 post-peak. While short-term volatility remains, Bitcoin’s long-term appeal as a store of value persists.
Disclaimer: This analysis is educational and not financial advice. Cryptocurrency investments are volatile, and past performance does not predict future results.
Sources
Coin Metrics
CryptoQuant
TradingView Data Analysis
Bitcoin Dips to $96K Amid MARA and Hut 8’s Major Accumulation SpBitcoin ( CRYPTOCAP:BTC ), the flagship cryptocurrency, faced a notable price dip to $96,300, reflecting a 6% decline over the past 24 hours. Despite this, significant institutional purchases by MARA Holdings and Hut 8 highlight the growing confidence in Bitcoin's long-term potential.
Institutional Accumulation on the Rise
MARA recently purchased 15,574 BTC at an average price of $98,529 per Bitcoin, totaling $1.53 billion. This acquisition, financed through zero-coupon convertible notes, has increased their holdings to 44,394 BTC, worth $4.45 billion at current prices.
MARA’s year-to-date BTC yield stands at an impressive 60.9%, underscoring their strategic accumulation approach.
Another institutional player, Hut 8, announced the purchase of 990 BTC for $100 million. These acquisitions demonstrate that major players view current prices as an attractive entry point, reinforcing Bitcoin's narrative as a store of value.
Market Sentiment and Activity
Despite the dip, CryptoQuant reports no signs of widespread panic selling. This indicates resilience among market participants, with many holding firm in anticipation of a rebound. Additionally, Bitcoin remains 4.59% up in December and 60% up over the past four months, reflecting its strong performance in the broader macroeconomic environment.
Technical Analysis
1. Relative Strength Index (RSI):
Bitcoin’s RSI currently sits at 35, signaling oversold conditions. Historically, such levels have often preceded a price rebound.
2. Fibonacci Retracement Levels:
Immediate support is observed at the 65% Fibonacci retracement level, a critical zone that could stabilize the price. However, persistent selling pressure might push Bitcoin lower, with potential targets at:
- $90,000 (1-month low)
- $80,000 (key psychological level)
3. Volume and Liquidations:
Over $100 million in liquidations occurred in the last 24 hours, suggesting significant market volatility.
Short-Term Outlook
While the dip has raised concerns, Bitcoin's fundamentals remain strong, bolstered by robust institutional demand. The oversold technical conditions and significant support levels suggest a potential recovery in the coming days. However, traders should remain cautious, as further dips could occur if broader market conditions deteriorate.
Conclusion
Bitcoin’s dip to $96K reflects short-term volatility, but the sustained interest from institutional players like MARA and Hut 8 underscores its long-term potential. As market sentiment stabilizes, Bitcoin could see renewed bullish momentum, making this an opportune moment for investors to assess their strategies.
BTC took support from 97900, indicating strong weekly support Bitcoin's recent price action has showcased a significant level of support at **$97,900**, which many analysts and traders are closely monitoring. This level not only marks a psychological barrier but also aligns with key technical indicators that suggest a bullish outlook for the cryptocurrency.
### Current Market Context
As of December 19, 2024, Bitcoin is trading around **$98,686.86**, having recently tested the **$97,900** support level. This price point has been reinforced by the **50-day moving average**, which adds credence to its strength as a support zone . The recent movement indicates that Bitcoin is attempting to consolidate above this critical threshold, potentially setting the stage for a rally towards the **$100,000** mark.
### Technical Indicators
1. **Fibonacci Levels**: Bitcoin has surpassed the **50% Fibonacci retracement level** at approximately **$83,592**, and is now eyeing the **78.6% level**, which exceeds **$100,000**. Analysts suggest that if Bitcoin can maintain its position above **$97,900**, it could catalyze further upward momentum towards these Fibonacci targets.
2. **Market Value-to-Realized Value (MVRV) Ratio**: The MVRV ratio currently stands at **2.56**, indicating that there is still room for growth before reaching historical peaks. This metric has historically been a reliable predictor of market tops and suggests that Bitcoin could continue to appreciate in value.
3. **Relative Strength Index (RSI)**: While the RSI indicates overbought conditions, suggesting a potential short-term pullback, it also reflects strong bullish sentiment as Bitcoin approaches significant resistance levels.
Potential Outlook
If Bitcoin successfully holds above the **$97,900** support level and breaks through the **$100,000** psychological barrier, it could trigger a broader market rally, potentially pushing prices towards **$110,000** as institutional interest and retail participation increase . However, traders should remain vigilant about potential corrections; some analysts predict a possible drop back to around **$85,000** if profit-taking occurs after hitting the $100K milestone
BTC SHORT TO $94,760Finally some clarity from BTC, well worth sitting on our hands for a short period. We created a short term down trend with multiple confirmations (SMA break and rejection, LL's & LH's etc) a retracement back to the golden ratio and a rejection from a major key level has resulted in some bearish momentum for BTC and all correlated markets.
We'll se how this plays out as exhaustion will play some restriction in the momentum BTC can hold although i do think the target / 61.8% retracement level will be met of $94,760
Also currently waiting on BTC to produce a new LL on the 1H time frame so lets see how that pans out. I have moved stop to $11,065 to lock in 1.5% as we've been out the market for a few days.
P.S, sorry slightly late on posting this idea
Navigating the Current Market Turbulence: A Crypto and Stock MarBitcoin is currently trading at approximately $102,200, reflecting a decrease of 2.36% over the last week. Despite a brief rally reaching highs of $108,367.38, the digital currency has faced selling pressure. The Relative Strength Index (RSI) remains above 65, indicating that BTC might still be overbought, while the Moving Average Convergence Divergence (MACD) suggests bearish momentum could persist.
Investors should be cautious as the market shows signs of volatility. For cryptocurrencies, monitoring RSI and MACD indicators can provide insights into potential buying opportunities.
Bitcoin: Hold now, buy laterHello,
Bitcoin is a clear uptrend as the price is above the moving averages, as the picture on the left side of the chart shows. Technical indicators like Ultimate Oscillator, ADX, MOM, and MACD are bullish. However, RSI indicators are overbought, which means Bitcoin might go higher, but there'll be a better time to buy when the market corrects the overbought conditions. I hold my Bitcoins, but I won't buy any more until the upcoming correction, which might come soon.
Regards,
Ely
Bitcoin Likely to See Slow and Choppy Price ActionBitcoin has re-entered the range zone between $99,108 and $103,033, suggesting that we may experience slow and choppy price action in the coming days.
1. For now, Bitcoin has established support at $99,108, which could lead to increased bullish momentum toward the upper boundary of the range at $103,033. This move could occur from the current price level or after a dip back to $99,108 (dashed green projection).
2. A strong breakout above $103,033 with sustained momentum would turn Bitcoin bullish on the 4-hour chart and could set the stage for a rally toward $107,658, the next significant resistance zone (solid green projection).
3. If Bitcoin fails to hold support at $99,108 and breaks below this level, the chart would turn bearish (dashed red projection). The bulls’ last line of defense is at $97,000. A breach below this level could lead to intensified bearish pressure, driving the price toward the $94,500 support zone (solid red projection).
Consolidation within the $99,108 to $103,033 range, with Bitcoin maintaining a moderately bullish bias, could create favorable conditions for Altcoins to perform well.
Bitcoin Bubble Is Bitcoin Heading for a Bubble Burst in 2025?
Bitcoin’s price movements have historically followed a predictable 4-year cycle, driven by its halving events. These halvings, which cut mining rewards by half, have consistently triggered parabolic bull runs, followed by significant corrections. Past cycles demonstrate this pattern clearly: the 2012 halving led to a massive rally in 2013, only to be followed by an 80% crash in 2014; the 2016 halving fueled the 2017 rally to $20,000, followed by an 85% correction in 2018; and the 2020 halving saw Bitcoin peak at $69,000 in 2021, before a sharp downturn in 2022. As the next halving approaches in 2024, many traders and investors are questioning whether history will repeat itself, with a potential “bubble burst” looming in 2025.
Adding to this, recent comments from Federal Reserve Chairman Jerome Powell have raised concerns about the broader macroeconomic environment, which could contribute to speculative bubbles forming. Powell has hinted at potential risks of overextended financial markets, with the Federal Reserve maintaining a “higher for longer” stance on interest rates. This policy could dampen liquidity and speculative growth, which often fuels Bitcoin’s parabolic rallies. Powell’s warnings signal that Bitcoin could face heightened risk of a sharp correction if valuations become unsustainable.
From a technical perspective, Bitcoin currently shows signs of forming a bearish flag pattern on higher timeframes. This pattern, if confirmed, suggests a potential breakdown and retracement to key support zones. Historical data shows that Bitcoin often retraces 50%-80% of its bull market gains during bear markets. If Bitcoin reaches a speculative peak in late 2024 or early 2025—potentially exceeding $120,000—a correction of this magnitude could bring it back to $70,000 or lower, aligning with past market behaviors.
The $70,000 level could act as a crucial support zone, as it represents a psychological threshold and a region of high trading volume from the 2021 bull market. However, if macroeconomic factors such as rising interest rates, regulatory pressures, or liquidity constraints intensify, Bitcoin could even breach this level temporarily, much like it did during previous cycles when fear dominated the market.
While Bitcoin’s fundamentals have improved due to increased institutional adoption, Bitcoin ETFs, and its role as a hedge against inflation, traders must remain cautious. With speculative mania likely to drive Bitcoin to new highs post-halving, the risk of a significant correction by mid-to-late 2025 remains high. If the bearish flag confirms and Powell’s warnings materialize, Bitcoin revisiting the $70,000 level could become a reality.
Bitcoin | First Line of DefenseBitcoin's first line of defense lies within the blue boxes, marking potential areas of interest. However, there are currently no significant demand zones, making it more prudent to wait for upside breakouts on lower timeframes before considering a buyer's position.
Given the uncertainty around the depth of the ongoing correction, it's wise to maintain some cash reserves to adapt to market movements effectively. Patience and careful observation will be key in navigating this phase.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active
BTC ABOUT TO DUMP?The daily time frame candle from yesterday provides a significant reversal indication. on the monthly and weekly there is also clear exhaustion being shown representing positions being liquidated.
The bears could potentially take over very soon for a bear market as we enter into 2025.
The Secret Gann Code: Predict Intraday Highs and Lows with TIMEIn the trading world, most market participants focus solely on price while overlooking the critical element that governs market movements: time. Time is fixed, immutable, and unaffected by external manipulation, unlike price, which can be influenced by institutions and market forces. By understanding the concept that "time is fixed, price is an illusion," traders can unlock a method to predict intraday highs and lows with unparalleled precision. This is the essence of the Gann Astro methodology, which reveals the market's natural rhythm and turning points based on time.
The power of time-based analysis lies in its ability to expose market manipulation and predict market moves before they happen. Time, unlike price, is the key to decoding the market clock and identifying the exact moments when highs and lows form. With a deeper understanding of this principle, traders can remove guesswork, anticipate market movements, and align themselves with the forces that govern price delivery algorithms. The result is a disciplined, research-backed approach that replaces gambling behavior with a structured trading edge, offering a new perspective on intraday market success.
Most traders fail in the market because they only focus on PRICE. However, according to W.D. Gann's principles, TIME is MORE IMPORTANT THAN PRICE. Big institutions can manipulate price movements, but TIME is a fixed entity that cannot be altered.
The attached graph illustrates a fundamental yet overlooked concept:
Y-Axis → TIME
X-Axis → PRICE
In reality, every high or low in the market is pre-determined by TIME, not price. Gann's Astro methods use planetary positions, ascendants, and advanced mathematical calculations to predict EXACTLY when the next HIGH or LOW will form in intraday markets.
Key Insights:
1. TIME as the Guiding Factor:
- The market operates like a clock, where each move happens ON TIME.
- Highs and lows form according to fixed celestial cycles, not random price moves.
2. Price Delivery Algorithm:
- Price follows a delivery system that respects TIME.
- Without understanding TIME, traders become gamblers.
3.Intraday Gann Astro Example:
- With calculations based on ascendant planetary alignments, TIME of specific turning points in intraday markets can be predicted.
- Example from the chart:
- At (2,1), a TIME-driven HIGH forms.
- At (4,-1), a LOW forms based on pre-determined calculations.
4.What Gann Astro Does Differently:
- Combines planetary positions and mathematics to forecast turning points.
- Helps traders trade WITH CONFIDENCE instead of guessing.
- Predict highs/lows hours before they happen.
Now here is the Gann Intraday Trade Example on CAPITALCOM:US100 .
You can clearly see on the chart that the TIME for the price reversal was already calculated using the secret Gann Astro principles and advanced mathematics. I precisely identified the reversal time at 07:45, and you can verify this on the software screen. This highlights the power of time-based analysis, where price movements align perfectly with pre-determined time calculations, offering a clear edge in the market.
And now observe when the price was delivered — it formed a strong reversal precisely at the TIME I calculated, 07:45. Is this just a coincidence? Absolutely not. This is the real way the market algorithm delivers price. TIME IS MORE IMPORTANT THAN PRICE, and this proves the unmatched accuracy of time-based analysis over conventional price-focused methods.
Why Traders Lose Without TIME Knowledge:
1. Traders rely on price patterns, indicators, and technical setups, ignoring the foundational concept of TIME.
2. TIME is constant and unchangeable, while price can be manipulated.
3. Without mastering TIME, traders are reactive instead of predictive.
Here’s another LIVE trade executionon OANDA:XAUUSD I successfully completed this week, profiting $3,125 . The trade was precisely calculated 5 hours in advance, demonstrating the power of Gann Intraday Astro Trading. There is nothing else in the trading space that comes close to this level of precision and accuracy.
Below, I’ve outlined the step-by-step analysis of my LIVE trade on GOLD using the Gann Astro principles and advanced mathematical calculations. This is a testament to how TIME, not just price, drives market movements, allowing you to predict turning points with exceptional accuracy.
The chart clearly demonstrates how I calculated the price reversal a solid 4-5 hours in advance using the Gann Intraday Astro technique. The exact time of reversal was determined to be 6:45, purely based on TIME. Watch closely as I executed the trade relying solely on this precise calculation. This is further proof that TIME is the real driver, while PRICE remains an illusion manipulated by the market.
LIVE TRADE ENETRY - TIME IS MORE IMPORTANT THAN PRICE
What? Shocked? Clear your mind because this is the real way of trading, whether in swing or intraday. If you're not applying this, you're just gambling with no clue about what you're doing in the market. Those useless indicators and strategies that revolve solely around PRICE will only mislead you. The real truth lies in TIME, not PRICE—because TIME is fixed, and PRICE is just an illusion manipulated by the market.
I don’t know if TradingView will recommend this idea to people, but honestly, it’s worth far more than the garbage that gets posted here—signals, scams, and all those misleading strategies that do nothing but trap people in a gambling mindset.
If you’re reading this, let yourself know that you’re in the right place. Save this, share this, and help boost it so that this idea can reach more people and guide them toward learning the real way of trading in the market.
If you have any questions or thoughts, feel free to comment below. You can also reach out to me—links are below this post, in my bio, or via private message here on TradingView. Let’s trade smart, not gamble!
BTC at a Crossroads: Will We Crash to 50K or Blast Off to 117K?BTC Update
Hey team, here’s the scoop on Bitcoin right now. We’re at a key level, and the next move could set the tone. Let’s break it down:
If BTC drops below 103,445, we could see a dip to 80–85K. If the pressure keeps building, it might even slide to 50–53K.
But if BTC breaks above 108K, we could rally to 117K before things cool off again.
Trading can feel uncertain, but it’s all about being prepared. No matter what happens, trust your plan, stay patient, and take it step by step. You’ve got this!
By the way, if you’re curious about how to balance trading and wellness—or just want to chat about trading mindset—send me a DM. Let’s win together, on and off the charts.
What’s your take—are we heading up or down from here?
Kris/Mindbloome Exchange
Bitcoin is Teasing $105K: Bullish Breakout Ahead?Bitcoin has exhibited bullish momentum yesterday and now is teasing the intraday resistance level near $105,140. However, given the current market conditions, caution remains essential as price action could develop in either direction.
Ideally, I would like to see either (A) a pullback to retest the $103,032 level, followed by a bounce back above this level, or (B) sustained break-out above $105,140. These scenarios would increase the likelihood of a bullish continuation toward the next major resistance zone between $107,655 and $108,550 (Green Projections).
On the flip side, if Bitcoin drops below the $103,032 level and fails to recover quickly, it may signal a shift in momentum. This could lead to increased bearish pressure, sideways price action with a potential retest of support at $99,108 (Red Projections).
Traders should monitor these key levels closely for confirmation of the next major move.