#btc #btcusd #elliottwave short sell setup wave a of 2 9Dec24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
BEARUSD trade ideas
Bitcoin/crypto as a whole about to crashBitcoin seeing new ATH every week and we are all wondering when this bull run will end.
My prediction is very soon.
New ATH in the global markets and not just crypto. The cycles must end and the markets pull back. I've seen a lot of predictions saying that this could be mid 2025, my predicition is very early 2025 if not sooner.
Of course this is just my opinion and what I am doing personally, please let me know your thoughts below.
BTCUSD ELLIOTT WAVE ANALYSIS (( NEOWAVE ))The trend seems to have ended in this timeframe /
Currently, the trend seems to be continuing. I do not recommend trading until the trend ends in this timeframe and lower targets
Make sure to involve less than 2-3% of your total capital and adhere to money management principles
This is just a suggestion for consideration
When To Take Bitcoin Profits, Santa Rally?Many Crypto Traders/Investors like to believe in a potential 'Santa Rally'. Essentially where investors pile money into such assets (BTC) and the price raises with demand.
Really, if you are going to be buying BTC at such highs you are not really Trading the asset, you are 'believing' in it's potential. Any holding of anything at all time highs is not going to be done on a 'good deal' basis, as one would not normally be buying highs.
It's important to remember if you are still holding BTC now at highs, you are still effectively buying highs. You are not actively entering but you are holding long positions.
Typically, if you want to be consistent long term and not face massive swings in P/L, you should take gains where you have gains. If something starts to stall, take it.
You then have the chance to re-buy later on. Holding anything for longer and longer pays out more - But equally its of more risk (you do not know when it will turn as you have no resistance reference points).
Investor long zones on wild dips are far more preferred. This is not to say it will not rally again beyond current highs - It is to say you do not know exactly how far or when it will stop.
The Final Stretch for BTC: A Macro ViewWe are entering the final stretch of the BTC bull market. Compared to the 2018-2021 market, BTC still has 5-10 months until the end of the cycle. If we experience similar gains as last run, the price of BTC could very well reach 200k at its peak.
The path of progress will be messy, as we've entered the distribution phase which will hover above the 100k level for the next 5-10 months, with multiple major corrections along the way. I highly doubt the price of BTC will fall below the previous 73k ATH.
This forecast bodes well for those holding altcoins, as we can expect to see a violent increase in prices over the next several months. There will be at least 1 major sell-off during this distribution phase, from which the top of the bull market forms and the bear market ensues.
I will exit the market if 1) BTC hits 200k, 2) we reach the end of 2025, or 3) the price firmly closes below the weekly 21 EMA.
Bottom line: brace yourself for volatility and prepare to exit the market.
Happy trading,
Melonfarmer
Major Crypto Shake-Up🚨 Major Crypto Shake-Up: EU to Delist Tether's USDT by Dec 30 – What This Means for You! 🚨
💰 CRYPTOCAP:BTC 💰
Big changes are coming to the crypto world in Europe! Under the new Markets in Crypto-Assets (MiCA) regulations, all crypto exchanges operating in the European Union must delist Tether’s USDT by December 30, 2024. This decision has sparked intense debates about its impact on liquidity, trading, and the broader crypto market in Europe.
🔎 Key Points to Know:
⚡ Liquidity Could Drop
USDT accounts for a significant share of crypto trading volumes. Its absence may make it harder for traders to execute trades efficiently.
⚡ Market Challenges
Lower liquidity might lead to higher slippage and reduced accessibility, potentially affecting the price of assets traded against USDT.
⚡ Opportunities for Other Stablecoins
This could open the door for alternatives like USDC, BUSD, or emerging stablecoins to fill the gap and gain traction in the market.
📢 Why Is This Happening?
The MiCA regulations aim to standardize and regulate digital assets in Europe. While the framework brings clarity, some stablecoins like USDT may fail to meet strict compliance requirements.
📉 What’s at Stake?
Market analysts and crypto executives worry that delisting USDT might hinder liquidity, especially in markets where it is dominant. On the other hand, some believe the shift could boost innovation by encouraging the adoption of compliant stablecoins.
🌍 The Bigger Picture
For crypto users and investors in Europe, this move could be a challenge in the short term but an opportunity in the long run. A more diversified and resilient market might emerge, driven by innovation and compliance.
💬 Your Take Matters!
What do you think about this regulatory decision?
Will it disrupt the market or pave the way for new opportunities?
Let’s discuss below! 🚀
The "Donald Trump Dump" and the 2025 Bitcoin Blunder"Kamala Klimax" has become synonymous with an extraordinary period in the annals of cryptocurrency, having primed Bitcoin for an amazing run towards the $100,000 mark. As Vice President Kamala Harris championed progressive policies that resonated through the realms of technology and finance, her influence catalyzed significant bullish momentum within the blockchain sector. This era saw Bitcoin not merely rise, but soar, as it was buoyed by a wave of optimism and innovation.
The ascent was powered by a robust combination of regulatory relaxation and technological advancements. Harris's administration facilitated a fertile environment for fintech innovations, which in turn attracted a surge of institutional investors and crypto enthusiasts, all eager to partake in the burgeoning Bitcoin bonanza. The market sentiment was overwhelmingly positive, with the digital currency's value climbing to new, dizzying heights, nearing the once-unthinkable $100,000 milestone.
However, as with all epic tales, the peak is often followed by a precipitous fall. Enter the looming specter of the "Donald Trump MAGA Dump." As political tides shift and the former President hints at a dramatic return to power, the crypto community braces for potential upheaval. The MAGA movement, known for its tumultuous impact on markets, could instigate a drastic downturn, with Bitcoin potentially plummeting to $80,000—if it's lucky.
This expected "Dump" is feared to be fueled by a cocktail of controversial policies, unpredictable tweets, and a general shift towards economic nationalism, which may scare off international investors and shake the very foundations of the crypto market. The blockchain, once a beacon of bullish trends under the "Kamala Klimax," might soon face the wrath of renewed MAGA forces, potentially erasing significant gains and setting the stage for a new era of market uncertainty.
In conclusion, while the "Kamala Klimax" prepared Bitcoin for an unprecedented ascent, reaching towards $100,000, we now stand on the cusp of the "Donald Trump MAGA Dump," where a crash to $80,000 seems not only possible but probable. The cryptocurrency community must now navigate these choppy political waters with caution, as the winds of change threaten to shift from a gale of gains to a storm of losses.
Macro setup on BTC (bullish)Zooming out from the four-hour to the weekly (my favorite timeframe). It is easy to note that the chart does not look quite as bearish. The BBWP and stochastic RSI needed this cool off zone for a few days/weeks, this allows for continuation. BTC did not quite hit my target before the expected downturn. This remains my PT1. I believe we will see around 140k my April 1st given the fib projection. Once I see BTC hit around 140k, I will wait approximately 10 days and start to take profits on my alts I have been holding and averaging into. I am not willing to wait to see how that ends up. I will leave a few select alts to run until the end of cycle top which should be around 200k. Remember, no one ever got hurt from taking profits.
BTC bearish next week (4-hour)BTC is pretty bearish right now as it cools off. I do not usually share 4 hour charts these days, look at the resetting BBWP and RSI. This is a much needed cool off. This correction will allow whales to get that final under 100k entry before the Q1 pump. I expect more capitulation, and a daily wick to my initial target. Volume has dropped off making this easier to flush out.
Targets:
Next week a leverage flush will cause the 87-89k target
This will allow people to stack up before the new year
$88K-$90K BTC | @jonktrades on XCorrective wave 4 imo for CRYPTOCAP:BTC here with targets at FWB:88K -$90K.
Expanded flat at play here, with entries at the .886 Gartley.
update. weekend tradeThis Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView
US Government Shutdown Averted: A Comprehensive Overview.US Government Shutdown Averted: A Comprehensive Overview
Background
The US government narrowly avoided a shutdown after a last-minute spending deal was passed just hours before the deadline. This agreement came after intense negotiations and a brief period of uncertainty that had federal employees and the public on edge.
Key Events Leading to the Near Shutdown
Initial Spending Deal: House Speaker Mike Johnson negotiated a bipartisan spending deal that included disaster relief funding and other provisions. However, this deal faced opposition from President-elect Donald Trump and tech billionaire Elon Musk.
Trump's Opposition: Trump demanded that the deal include provisions to raise the debt ceiling, leading to the collapse of the initial agreement.
Revised Deal: After intense negotiations, a revised spending bill was passed with bipartisan support, excluding the debt ceiling provisions. This bill funds the government through March 2025.
Impact of the Near Shutdown
Federal Employees: Thousands of federal employees faced uncertainty about their pay. Essential services were maintained, but non-essential functions were at risk of being halted.
Economic Effects: Analysts projected that a prolonged shutdown could reduce GDP growth by 0.15 percentage points for each week of closure. However, the impact is expected to be temporary, with a potential boost in GDP growth once the government reopens.
Market Reactions: The stock market experienced volatility during the near shutdown period, with investors closely monitoring developments in Washington. The resolution of the shutdown provided some relief to market participants.
Future Outlook
Debt Ceiling Debate: The issue of raising the debt ceiling remains unresolved and is expected to be a major point of contention in early 2025. Lawmakers will need to address this issue to avoid another potential shutdown.
Political Dynamics: The near shutdown highlighted the divisions within the Republican Party and the influence of key figures like Trump and Musk. The upcoming administration will need to navigate these dynamics to ensure smooth governance.
Economic Policies: The Federal Reserve's upcoming rate decision and other economic policies will be closely watched by traders and investors. The government's fiscal health and spending priorities will play a crucial role in shaping market sentiment.
Latest Trading News for Traders
Stocks
Tesco's Share Price
Current Price: £3.73
Analysis: Tesco's share price is trading around an 11-year high, but some analysts believe it is still undervalued by 41%. However, rising National Insurance contributions and potential cost of living increases pose risks to its earnings.
Support Levels: £3.50, £3.20
Resistance Levels: £4.00, £4.50
Los Dos Amigos Closure
The popular Mexican restaurant in Portsmouth announced its last day of trading due to a "broken business model" in today's climate. This highlights the ongoing challenges small businesses face in the current economic environment.
Forex
FXiBot Launch
Avenix Fzco has launched FXiBot, a forex robot designed to enhance trading strategies through advanced data processing and systematic trading protocols. This innovation reflects the growing trend of automation in forex trading.
Currency Movements
USD/JPY: The USD/JPY has been on a six-day rally.
Support Levels: 1.25, 1.23
Resistance Levels: 1.30, 1.32
EUR/USD: The EUR/USD has slid after the European Central Bank's rate cut.
Support Levels: 1.05, 1.03
Resistance Levels: 1.10, 1.12
Cryptocurrencies
Bitcoin (BTC)
Current Price: $106,000
Analysis: Bitcoin has hit a new record high ahead of an expected Federal Reserve rate cut.
Support Levels: $100,000, $95,000
Resistance Levels: $110,000, $115,000
Ethereum (ETH)
Current Price: $3,900
Analysis: Ethereum prices have remained steady amid a broad crypto market pullback.
Support Levels: $3,800, $3,600
Resistance Levels: $4,100, $4,300
Commodities
Gold (XAU/USD)
Current Price: $1,800
Analysis: Gold prices have been muted as traders brace for the Federal Reserve's rate decision.
Support Levels: $1,750, $1,720
Resistance Levels: $1,850, $1,900
Oil Prices
Oil prices have been volatile due to geopolitical tensions and supply chain disruptions.
Support Levels: $70, $65
Resistance Levels: $75, $80
Indices
Nasdaq Futures
Current Price: 15,000
Analysis: Nasdaq futures have been flat after the tech-heavy index lost sight of record highs.
Support Levels: 14,800, 14,500
Resistance Levels: 15,200, 15,500
Dow Jones
Current Price: 34,000
Analysis: The Dow Jones Industrial Average has seen mixed performance, with some sectors outperforming while others lag behind.
Support Levels: 33,800, 33,500
Resistance Levels: 34,200, 34,500
Upcoming Economic Events
US Inflation Data: The US Personal Consumption Expenditures (PCE) price index is expected to be released on Friday, December 20th. This data is closely watched by traders as it influences the Federal Reserve's monetary policy decisions.
Central Bank Rate Decisions: The Federal Reserve is scheduled to announce its rate decision on Wednesday, December 18th. The Bank of Japan and the Bank of England will also announce their decisions on Thursday, December 19th1.
UK Inflation Data: The UK Consumer Price Index (CPI) is expected to be released on Wednesday, December 18th. This data can impact the GBP/USD exchange rate and other related assets..
BITCOIN downtrend This chart presents Bitcoin's (BTC/USD) price action on a 30-minute timeframe. Here’s a detailed breakdown of the analysis:
### Key Observations:
1. **Downtrend Formation**:
- A clear descending trendline (black) indicates sustained bearish momentum. Each price rally has been rejected at lower levels, forming lower highs.
2. **Significant Support and Resistance Zones**:
- **Pink Zone (Resistance at $101,880 - $102,602)**:
- This area acted as a strong rejection zone multiple times, confirming it as a resistance level.
- **Green Zone (Resistance at $99,011 - $99,316)**:
- This zone represents a secondary resistance level where price failed to break above after retracing from the downtrend.
- **Blue Zone (Support at $92,628 - $93,600)**:
- A strong demand zone where buyers stepped in, shown by the large wick indicating rejection of lower prices.
3. **Price Action at Key Levels**:
- The price broke below intermediate support at $94,496, signaling increased selling pressure.
- The recent bounce off the blue zone suggests strong buyer interest at these levels.
4. **Volume Analysis**:
- While not shown, areas of long wicks (e.g., blue support zone) often indicate high trading activity, implying accumulation.
5. **Bearish Continuation Indicators**:
- Rejection at the green zone and continued interaction with the trendline supports the bearish structure.
- Lower highs and lower lows dominate, reflecting sellers' control.
### Potential Scenarios:
1. **Bearish Case**:
- If price fails to break above $96,194 or the descending trendline, it is likely to retest the $94,496 level and potentially head back to the $92,628 - $93,600 support zone.
- A break below $92,628 could trigger further downside momentum.
2. **Bullish Case**:
- For bullish recovery, price must break the trendline and reclaim $96,194.
- Stronger confirmation would come from breaking the $99,011 - $99,316 resistance zone.
### Suggested Actions:
- **For Short Positions**:
- Consider entering around the descending trendline or resistance levels ($96,194 or $99,011), with a target toward $94,496 or the blue support zone.
- **For Long Positions**:
- Watch for a confirmed breakout above $96,194 with a retest as support, targeting $99,316.
BITCOIN PRICE BECOMING MORE PREDICTABLE ?!!The The traditional-PBT Has been doing great with BTC Lately, I came across a 3PB On the Daily and I'm taking My chances on it. The PBT is a Self Taught strategy I been developing and creating until its been mastered and becomes 2nd Nature to me Before Sharing the Fine Details with teh World !!.
Market Crash 2025: Is This the Start of the Biggest Crash Ever?BTC Below $100K: Start of a Market Crash? Detailed Chart Analysis Inside
Body:
Bitcoin has dropped below the $100K psychological level, currently trading at $97K. This is a significant move, and it raises the question: are we witnessing the start of a major market crash in 2025?
Here’s my analysis:
BTC/USDT: A sharp decline has broken the $100K psychological level.
ETH/USDT: Following Bitcoin’s trend, Ethereum shows signs of weakness, with CRYPTOCAP:ETH testing crucial support.
LPT/USDT: Livepeer is trading within a consolidation zone. Breakout or breakdown?
Stocks: Novo Nordisk ( NYSE:NVO ) and BlackBerry ( NYSE:BB ) are also showing interesting patterns amidst the red market conditions.
📉 Key levels to watch and trends to monitor in these markets are discussed in my latest video. Check it out for the full analysis and insights:
www.youtube.com
Tags: #BTCUSD #ETHUSD #Livepeer #StockMarket #MarketCrash2025 #CryptoAnalysis
btc price action for the next 110 days of this bullrunafter rallying 55% since November a correction of 20k is normal for a risky volatile asset as crypto and btc. the correction shall end by January ...and from end of January things will get heated for the last pump and fourth wave to 150k level.
bull run has not finished yet, its true that we have 4-6 months only but 90% of alts are not yet reached their previous ATH back on 2021
altcoins holder be patient. you are 100 days away from 5x your wealth minimum
Bitcoin's Next Move - Do or DieBitcoin www.tradingview.com has been in a downfall lately, prompting altcoins to dip to lows we haven't seen for months. As you can see in the chart above, bitcoin is teetering on the edge of this regression trend, falling beneath this 95k mark could spark another sell off, with 92k being the next line of support and likely 85k after that. A bounce to the upside here will probably bring btc back to the mean of the trend at around 100k. A break above 100k could send us to new all time highs!
Smash the rocket and follow for daily updates during this critical time!
BTC ALTCOIN ALTSEASON - THE FUTUREUpdate the situation on BTC, ALTCOIN, ALTSEASON; similarities with 2020/2021 cycle
BTCUSD: Long Signal with Entry/SL/TP
BTCUSD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long BTCUSD
Entry Point - 96576
Stop Loss - 94182
Take Profit - 10116
Our Risk - 1%
Start protection of your profits from lower levels
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BTC ONE MORE DIP THEN UPI don't believe the correction is over.
Probabilities suggest a 20% correction is likely.
This coincides with significant trend line retest + Value area high of impulse wave + fractal from previous bear market.
85-89k BTC is coming.
Don't say I did not warn you.
I will buy the dip in alt coins.
BTCUSD-SELL strategy 3D chart GANN SQTHE BTCUSD has as always wide ranges, tops and bottoms. The highest area $ 108k handle also coincides with GANN strong resistance, whilst current support is some where $ 95k-98k
Overall, there is selling pressure, and the difficulty is to know how high we go before lower, but my viewpoint is we will see below $ 80k - 75k handle in the near term. Whales have been unwinding positions, and rightly so.
Bitcoin is now in strong B of wave 2.From my opinion and my analysis, I think now bitcoin is in the corrective wave of wave 2 in term of strong B and I think bitcoin is going to make Irregular Failure Flat or Running Flat for make the 3rd very extionsion wave. WHY I think it would be Irregular Failure Flat or Running Flat, from CCI indicator it happened Hidden Bullish Divergence so it mean the wave doesnt end in the subcycle of wave B so I think it will going to my target. THANK YOU.
