B/$The situation with Bitcoin is very interesting, I think volatility will increase and there will be a lot of sideways movements.
BTCUSD trade ideas
BITCOIN Will Go Lower From Resistance! Short!
Take a look at our analysis for BITCOIN.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 95,186.
The above observations make me that the market will inevitably achieve 90,936 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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BTCUSD - Trend DevelopI think BTCUSD is going to continue with this double curved trend
This curves suggests we are very early into the "second* true up phase of BTCUSD's bull run
Bullish continuation likely
Monthly Chart
BTC will Fly SoonBTC is currently exhibiting an upward trend, trading within a parallel channel characterized by inclined support and resistance levels. Notably, BTC has experienced three instances of reversal from support and three from Resistance levels. Presently, BTC is positioned at the support level and has initiated a reversal, indicating a directional bias towards the upside. Our recommended buy zone for BTC is between 96500_97500
With potential take Profit level at
T.P1= 100000
T.P2= 103000
T.P3= 105000
T.P4= 108000
Having stop loss= 94500
BTC/USD : First Short, Then LONG! (READ THE CAPTION)Analyzing the #Bitcoin chart in the 4-hour timeframe, we observe that the price is currently trading around $100K. If the price stabilizes below $100,380, we could expect further declines, with $97,800 as the first key level, followed by the potential start of the next bullish wave for Bitcoin. The second scenario involves a price surge above $101,500, which could increase demand and push the price to levels above $102,000. This analysis will be updated further.
Weekly Time Frame Analysis :
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Best Regards , Arman Shaban
BTCUSD: The phenomenal Fib power of +.618.Bitcoin quickly turned neutral on its 1D technical outlook (RSI = 51.454, MACD = 3285.300, ADX = 32.138) as in a matter of 24 hours it dropped from its 108,000 ATH back to below 100,000. As the price continues to grow, we should start getting used to those 10k violent price swings. Today though, we want to discuss an incredible finding, which we call ' the Fib power of 0.618'. It is this amazing pattern you see where Bitcoin, since its Nov 2022 bottom and subsequent Jan 2023 High, it has systematically targeted every +0.618 Fibonacci extension before pulling back.
1st TP was Fib 1.618, 2nd TP = Fib 2.168, 3rd TP = Fib 3.618. Natually this sequence targets next: 4th TP = Fib 4.618 (112,500), 5th TP = Fib 5.618 (173,500) and finally 6th TP = Fib 6.618 (265,000). Of course this assumes that the trend will follow the same fluid pattern, where the first of the Fib pairs has only a short consolidation (green Rectangle) leading to a fast rise to the second Fib, which has a long consolidation (blue Rectangle). This implies that we're currently inside a short consolidation an in April we should hit 112,500 (5th TP on Fib 5.618).
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Heading into 50% Fibonacci resistance?The Bitcoin (BTC/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 102,858.96
1st Support: 94,387.12
1st Resistance: 108,432.84
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#BTC/USDT Eyeing on a NEW ATH OR Is it JUST A TRAP?Bitcoin had a beautiful daily close, but it’s still trading below the dynamic support trendline. A sharp bounce off the 50 EMA resulted in a strong hammer candle, a promising sign for the bulls.
Was this a trap?
Are we on a path to a new all-time high while many players have already been shaken out and liquidated?
The next few daily candle closes will give us the answers.
Stay tuned.
#Crypto
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Thank you
#PEACE
Bitcoin: the demand holdsBTC had a relatively mixed week, but was traded around some positive news. Namely, the CEO of BlackRock, the largest investment company in the US, expressed his opinion that an optimised portfolio should contain up to 10% exposure in BTC. This is how BlackRock is advising its clients. Still, BTC started the week in a negative sentiment, reaching its lowest weekly level at $94.565. A positive sentiment returned to the market, so the BTC headed back toward levels above the $100K.
The RSI continues to move within a highly overbought territory, easing a bit till the level of 62. A clear reversal path has still not started, which is postponed due to strong demand for this coin, in the post-election period. The MA50 continues to strongly diverge from MA200, without any indication of a potential slowdown in the coming period.
As BTC continues to move within the high-demand territory, the technical analysis indicators should be taken with a precaution. It is evident that the BTC will start its reversal at one point in time, but the exact timing is not possible to predict clearly based on technical indicators. The latest move from the $94K levels back to $101K levels shows that there is still hidden demand for the coin, which is waiting for the dip in price in order for cash flow to be moved into BTC. This sentiment will most certainly continue also in the future period. When the high demand for BTC will be exhausted, nobody can predict. However, what is certain is that BTC will continue with its volatility within a relatively short range, between the $95K levels, and back toward the $101K range.
SELL BTCUSD for bullish trend reversal STOP LOSS : 112,491SELL BTCUSD for bullish trend reversal
STOP LOSS : 112,491
Regular Bearish Divergence
In case of Regular Bearish Divergence:
* The Indicator shows Lower Highs
* Actual Market Price shows Higher Highs
We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart.....
The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
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Watching for pullback to 104K or lowerMorning folks,
So, our bullish setup has worked pretty well and 107.25-107.50K target is almost done as of our butterfly has of H&S pattern:
Once it will be competed, we will be watching for natural pullback, somewhere to 104K at least, maybe lower, depending on the shape of the retracement.
And will try to buy this deep with the next long entry.
BTCUSD NEXT MOVE POSSIBLE BTCUSD possible area is given in the chart further you can share your precious thoughts about my chart and ideas . According to my personal analysis bitcoin will hit the upper target again , This is the simple analysis of BTCUSD so you can only go for a perfect while .
Technical Targets are,
103000,107000,110000
Key Highlights ,
(Strong resistance breakout is confirmed)
(A clear upward trend suggest a Higher Target ahead)
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Do not miss my next forecast and Signals .
Could btc be forming a top? Bitcoin's Potential Top: A Closer Look at the Rising Wedge
Bitcoin's recent price action has formed a technical pattern known as a "rising wedge." This pattern can signal either a continuation of the current trend or a potential reversal.
If Bitcoin breaks below the lower trendline of the wedge, it could indicate a significant price decline. However, if it breaks above the upper trendline, it could signal a continuation of the uptrend.
To make informed decisions, consider the following:
Volume: Decreasing volume within the wedge can suggest a loss of momentum.
Market Sentiment: Bearish sentiment can contribute to a downward price movement.
Fundamental Factors: Regulatory developments and institutional adoption can influence the price.
Remember: Technical analysis is not perfect. It's essential to use it in conjunction with fundamental analysis and risk management strategies.
Bitcoin Bullish 2024-2035 UPDATE. Mass Adoption ComingGood day to you all. My previously published idea Works Well. So there i an Update of That for ne Decade again.
A i posted in Previous Long-Term TA. We had a little time to accumulate more #Bitcoin before it break previous ATH at $65000. (Check Previously posted Scenario).
Our next Main targets still absolutely same at $335000 by ~2025y
Few stops at $125000 and $240-270000 have a chance to be... No matter stops
After that Bitcoin will go it's last time correction until $100000-125000. And again all of you will think it's dead and that all. But Governments will buy it all from you, moreover they'll buy from whales. Everyone will buy it before mass adoption will start... GLOBAL adoption. It will have a place near 2026-2028 years. So there will be you time to buy the dip. It will be shorter1-2 years to buy that dip.
Our next big Target after that at $1000000 and $1.8 Millions.
Timeframe 2028-2035yy. (l'Il update this TA again at some point). This is the Target where 95% of you thinks it will be a Big resistance, and, i think, everyone will leave the game at that Target, and their game will be over forever, it will be your Big mistake. At 1M price we'll see full adoption in our Earth life of #Bitcoin. They'll start to accept crypto everywhere. So there are zero reason to sell at $1000000, bcoz there are no more corrections like we saw in previuos waves and Seasons.
After That #Bitcoin will rise slowly going to $10000000. Do you own Research. But we now at stage where its a gold time to buy the dip at even $100000 price today.
Bearish divergenceCould be a drop before the next leg up. I'm bullish on BTC long-term over the next year, and I do think it will pump in DEC, but short term looks bearish
BTCUSD - Am I Underestimating the Bulls? Following this channel the prediction allows a 3M Bitcoin which is a bit crazy but could it happen?
Its still within the long term channel up and is the top point of this channel
Weekly timeframe
Anyone want to add some thoughts? Perhaps a rise of 4800% is too much?
BITCOIN ABOUT TO DUMP?BTC has been consolidating around the $90 - $100k price now for 20 days or so, the weekly time frames are clearly showing price slumping as liquidity and volume slows down due to traders liquidating positions and capitalising at the $100k mark.
I do believe people are still buying BTC and there will be LOTS of fomo buyers at this price, but usually this is where the markets catch those who are to late to the party and they are the ones who are stung when price dumps.
There is some TA to back a potential dump, we have the slumping of price clearly shown by the candle formations, rejections of major key levels ($100K) as well as some patterns like a rising wedge / rising consolidation however i'm not much of a pattern trader but it is worth taking into consideration as i know a lot of retail traders do trade patterns so this could influence areas of liquidity and help predict future market movements.
It's likely we see a spike through $100k before price dumps to grab liquidity above the $100k mark. I'm fully expecting a volatile and highly manipulated market as it plays out over the next few days.
If price does dump i would think it will dump to the $72,000 level (-%30) as this is the next major level so again there will be a lot of liquidity in the form of buy orders from traders expecting to 'buy the dip'. It also makes sense for the market to pull back / dump this much as we hade a massive bull market / pump for 3 weeks and there is always relief after a big increase in price simply due to profits being taken so supply will increase.
Be wary, if BTC does dump so will 90& of alts.
105K for possible short entryMorning folks,
So, BTC just perfectly completed our setup for this week, turning down precisely around 107.80K, where as butterfly as H&S pattern targets were completed and falling down to predefined 98-98.5K area... Now what?
Daily trend has turned bearish, so, nominally we have no reasons for longs at least on daily chart. And should wait for the bounce to resistance levels. Now 105K seems potentially interesting for short entry, if BTC will hold bearish trend.
On intraday chart current 98-98.5 Lows in fact is a last hope for the bulls. This is K-support area, trend line support. SO tactical bounce should happen here, and it is already underway.
Thus, for intraday traders, this level might be interesting for scalp long position.
Those who would like to sell should wait for the same upside bounce. And, some resistance area, say 105K. If BTC will keep going higher, then forget about shorts for some time.
So, daily traders should wait...
BITCOIN nothing to stop it now! Can top anywhere inside 250-400kMore than 1 year ago (September 05 2023, see chart below), we published the following Bitcoin (BTCUSD) idea, which very illustratively presented the potential course of the new Bull Cycle:
As you can see, BTC managed to trade an entire year rising within this green Arc pattern and always below the Cyclical Pivot trend-line that emerged from the bottom of the 2018 Bear Cycle.
We made the last update on this chart last August (20 2024), where we called the end of the 5-month correction since March and the start of the new Phase (final Parabolic Rally) of the Bull Cycle.
** The key hold of the 1W MA50 **
The key for that call was the fact that the 1W MA50 (blue trend-line) held twice during the August sell-off and supported. As you can see, on all of BTC Bull Cycles, the 1W MA50 has been supporting post Halving and never broke until after the Top and the start of the new Bear Cycle.
** Symmetry of pre and post-Having **
Given that historically the Bull Cycle lasts post-Halving almost the time it lasted from the bottom to the Halving, we should expect its top around December 2025 - January 2026 and if it is on the Cyclical Pivot trend-line, then it could be as high as 400k.
However, even on a less optimistic scenario where it lasts 1064 days (152 weeks) from the Bottom (not counting FTX crash), like the 2015 - 2017 Bull Cycle, we can expect a peak a little over $200000 on the Cyclical Pivot trend-line.
** The 1W RSI series of Tops **
It is important to notice that the 1W RSI is recovering from the overbought volatility correction, having dropped from a massively overbought 88.50 High (March 04) to a practically bearish 45.00 Low (September 02). As this chart shows, BTC tends to top on levels similar to the first 1W RSI of the Cycle, so there is still a lot of way to go before it tops, especially if it follows the 2015 - 2017 Bull Cycle, which had four almost symmetrical such Tops.
But what do you think? Are you also expecting Bitcoin to top anywhere within a $250 - $400k range? Feel free to let us know in the comments section below!
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$BTC pre-rally retraceThe overbought state of the #SP500, the upcoming #Fed's #RateCut decision risk and the buy the rumors sell the facts philosophy along with pre-seasonal profit taking could send the price of #Bitcoin as low as $102K.
In addition, the CRYPTOCAP:BTC liquidation map shows a total of ~$2 billion in highly leveraged bullish positions from the $102K price level. Those have to be erased before we can go higher.
Bitcoin BEARISH 4 Hour Chart - Trend Line Support BrokeBitcoin has broke down through an important trend line support level on the 4 hour chart. It is currently in the process of re-testing the line before a continuation down again. It's possible that Bitcoin may gain short-term up to around $100000 before the re-testing is complete. Or it may just start falling like a rock before then.
The trend line was tested multiple times and is a reliable signal of what is to come. This also agrees with my analysis on the weekly chart too. Both charts indicate a potential drop for Bitcoin to around $75000.
Please note: this is a crazy world and anything could happen, but this is my analysis based solely on the chart. I would say the same if it were corn, copper, or whatever else. Be cautious buying Bitcoin anytime soon based solely on hype! As I said above, it could gain short term to re-test the line which is now resistance, but it will probably be short-lived.
Bitcoin Price Once Again Fly Bitcoin Price identifying Potential Trading Zones. To Buy Side.
Resistance Zone 198K Bitcoin Hits this Resistance Zone
Support Zone 98K If Bitcoin Drops in sell side Like 98K this Could Be Support Area if a Bitcoin Test To Support After Price Again Rise To the Resistance Zone.
If you are in Buy Trade keep Eye on the Resistance Zone 108K
Rate Share Your Idea What's Going On Thanks.
Market Shifts To Risk-Off: Correction For Bitcoin To 85-90k.We are seeing significant flows since the Fed delivered a hawkish cut yesterday, with stocks turning sharply to the downside while the US dollar continues its recovery above 108. Another reason for this end-of-year shift could also be profit-taking, given the substantial gains in risk assets throughout the year, so traders see this as reason to exit, since FED expect less cuts next year.
This shift into the US dollar and out of the stock market is also impacting cryptocurrencies. Bitcoin has turned perfectly downward from 108, which we tracked as an important resistance level in wave five of an extended wave three. Now that price turned down and broken the channel support line, it looks like an A-B-C correction is underway, likely targeting even lower levels.
The key support zone for the current corrective fourth wave should be around the 84000–90000 area. This zone could provide the foundation for a potential new bullish resumption, aligning with the 38.2% Fibonacci retracement level.
Broke through that zone will put bulls in some real trouble.
Grega
