GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 2704 and a gap below at 2682. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2704
EMA5 CROSS AND LOCK ABOVE 2704 WILL OPEN THE FOLLOWING BULLISH TARGET
2725
EMA5 CROSS AND LOCK ABOVE 2725 WILL OPEN THE FOLLOWING BULLISH TARGET
2753
BEARISH TARGETS
2682
EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE FOLLOWING BEARISH TARGET
2657
EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE FOLLOWING BEARISH TARGET
2638
EMA5 CROSS AND LOCK BELOW 2638 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2621 - 2608
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Community ideas
SHORT POSITION— “A minor correction to $71,645 or higher!”Bitcoin has entered full manipulation mode. The waves are accelerating, and as I warned yesterday, the slow bleed has begun.
There’s a top red trendline that connects the wicks and the upper body of a key candle, signaling correction territory. Below that, there’s a green line in the same format, pointing toward a bull run. This top red trendline agree perfectly with my sharp shark fins—a strong signal that correction time is here.
This is for short-term traders. Long-term holders, you’re safe; Bitcoin isn’t crashing, just correcting. I’ve marked red arrows pointing to my shark fins for clarity. The Ichimoku is hovering around the dip’s end, though I’m not claiming that’s exactly where price will settle. Right now, I’m using GANN and ATR. I’ve added Ichimoku as additional guidance. After comparing with my smart money whales and dark pools, here’s what’s happening: The bait has started, and new retail investors are being lured in by none other than Grandpa Tom.
The price will dip to one of these levels. When the correction wraps up, I’ll be looking for Bitcoin to rise above my contraction line to confirm a re-entry.
I didn’t connect the double-bottom zig-zag to the wicks, so you can clearly see the double is filled. While many signals point to correction, that’s not my primary focus but my smart money movements.
This is the result when Grandpa Tom, the shepherd of the herd, stirs up excitement, telling everyone Bitcoin’s headed to $100k right now. My advice? Don’t follow Grandpa Tom’s hype. He tends to jump in at pivot highs. I even told Grandpa Tom to stop spreading his pivot-high advice, but he brushed me off, saying I didn’t know what I was talking about and I needed to “research more.”
Bitcoin Bullish Bias Confirmed (Altcoins Market Update)Bitcoin is now trading at a new All-Time High and above all resistance. All resistance levels in the past will are now support. With the weekly close tomorrow above 75,000$, the bullish bias is fully confirmed. We are in the bullish zone. With Bitcoin ultra-bullish, the Altcoins can also grow!
We have two main levels to look for to sustain and maintain a bullish bias:
1) $69,000. The November 2021 All-Time High.
2) ~$65,000. April's 2021 peak price.
👉 As long as Bitcoin trades/moves above these levels, we are bullish and expect sustained, long-term growth. With a bullish Bitcoin, the Altcoins will also grow.
👉 We are no longer bearish on Bitcoin and the bearish bias and potential has been fully canceled; invalidated. Confirmation is needed on the weekly session close (tomorrow), but with billions and billions of USDT and USDC being minted in the past few days, we know the whales are buying; up we go next.
👉 We are now bullish on Bitcoin and the rest of the Cryptocurrency market.
We will focus on 2025 and new All-Time Highs.
Thanks a lot for your continued support.
You are appreciated.
Namaste.
"Bitcoin Bullish Forecast: Fibonacci and ATR Calculations" $85KI used Fibonacci calculations with ATR guidance and the E.R. Index to arrive at a precise target of $85.803, aligning closely with my ATR-based projection of $85K. This concept, titled **"9740.1 Percentage in Pips = $85K,"** applies a Fibonacci pullback, and as we can see, Bitcoin has not yet signaled a sell.
I rounded up certain figures so none of you miss out on this exceptional Bitcoin bull market. It's crucial to understand—I have been anticipating a minor correction, yet the bulls have held strong. As I’ve mentioned before, this is undeniably a bull market. My goal in creating this idea is to keep you one step ahead. However, please take note: if you enter now, there may be a pullback—a baited dip—but at least you’ll be positioned to ride the wave instead of missing out entirely. I know many of you sold too early, before the price surge, and missed out on extra revenue.
This idea has been carefully scanned and validated for accuracy. Use it with confidence as you navigate the market.
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The ForexX_E-R-Index indicator visually represents the strength of bullish and bearish forces in the market. By calculating values above or below a central reference, it highlights shifts in buying or selling pressure. The indicator’s two main lines reveal whether bulls or bears dominate, while the shaded area between them shows the gap between their strengths, giving insight into market momentum and potential reversals.
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The ForexX_Rocket_Blast indicator combines Bollinger Bands and RSI to identify potential reversal points in the market, giving signals for buy or sell opportunities. When the price moves below the lower Bollinger Band and the RSI indicates an oversold condition, a buy signal appears, suggesting a potential upward reversal. Conversely, if the price goes above the upper Bollinger Band with the RSI showing overbought conditions, a sell signal is triggered, indicating a possible downward reversal. The indicator adds visual cues for these signals on the chart, helping traders spot entries and exits with minimal interference from other indicators.
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The ForexX_Enhanced-ATR-Trailing-Stops-Strategy** indicator combines ATR-based trailing stops with trend filtering and dynamic volatility adjustment to optimize trade entries and exits. It uses ATR values to calculate a trailing stop that follows price movements, adjusting sensitivity based on volatility levels. A trend filter (SMA) helps refine signals by aligning entries with the broader market trend. When price crosses above the trailing stop in an uptrend, a buy signal is generated, while a downward cross in a downtrend triggers a sell. Additionally, risk management adjusts position size based on the user's account size and chosen risk percentage, making the strategy adaptable and robust for various market conditions.
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The **ForexX_ATR-Bollinger-Shark-Finning** indicator uses both ATR and Bollinger Bands to identify potential price breakout or reversal zones. It creates ATR bands around the price based on a customizable moving average, with a multiplier that adjusts the band distance, indicating volatility zones. The indicator also adds optional Bollinger Bands, which serve as additional volatility boundaries. These two sets of bands create a visual "fin" effect, highlighting areas where price might experience sharp moves. Alerts are set to notify the user when price crosses above or below these bands, signaling potential entry or exit points. The transparency and colors are customizable, making it flexible to combine with other indicators.
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price lay between two weighted levels with a gap above at 2696 and a gap below at 2665, as weighted Goldturns and will need ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2724
EMA5 CROSS AND LOCK ABOVE 2724 WILL OPEN THE FOLLOWING BULLISH TARGET
2754
EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET
2784
BEARISH TARGETS
2665
EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2640 - 2611
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
After breaking the trendline and support zone, this currency pair is now consolidating below the broken area. It’s expected that, after some fluctuations, it will continue to decline toward the specified support levels.
Don’t forget to like and share your thoughts in the comments! ❤️
Bitcoin Roadmap==>>Correction SignsBitcoin ( BINANCE:BTCUSDT )is moving near the Upper line of the Ascending Channel and Potential Reversal Zone(PRZ) , which acts as a Resistance line .
According to the Elliott wave theory , Bitcoin has completed main wave 5 with the help of Ending Diagonal , and we should wait for Corrective Waves .
Note ( Education ): The Ending Diagonal is the Rising Wedge Pattern in terms of Classic Technical Analysis .
Also, Regular Divergence(RD-) between Consecutive Peaks in MACD and RSI and Volume Indicators .
Note : Since trading volume is usually low on Saturdays and Sundays , we can expect the main corrective movement to happen at the beginning of the next week .
I expect Bitcoin to have a corrective trend in the coming week , considering that there are attractive volumes for liquidating long positions at lower prices , as well as the technical analysis that I talked about above. Of course, from November 13 to November 15, important indexes will be released from the USA(Core CPI m/m, CPI m/m, CPI y/y, Core PPI m/m, PPI m/m, Unemployment Claims, Core Retail Sales m/m, Retail Sales m/m) , which can impact Bitcoin's main trend .
⚠️Note: We can expect more pumps if Bitcoin breaks the Potential Reversal Zone(PRZ) ⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on our weekly chart idea that we have been tracking and trading over the last 5 weeks.
Previously we had the nice push up, which we took using our smaller timeframes but the gap remained open and we were yet to see the ema5 lock to further confirm this.
EMA5 failed to lock above, which followed with the rejection last week but still maintaining support above the channel top. As we stated previously, we will be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated before, if tested at all.
If the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close.
However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future..
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
THE KOG REPORTTHE KOG REPORT:
If last week’s KOG Report we shared the Election overview with the potential path and levels to look out for. We said we would be looking for the high to have been formed with resistance 2740-45, and then the move down to commence with the first level to target and for the bounce being the 2715 level. We identified our order region at 2700 and the extension of the move into the 2780-85 level which gave traders a wonderful opportunity to capture the short, then the bounce, then the short again.
On top of that, we shared the red boxes on the 4H chart, KOG’s bias of the day targets and the weekly bias targets, which were all completed.
Please have a look at how well the red box and Knights indicators respected the price.
So, what can we expect in the week ahead?
We have a potential range here 2650-55 and resistance 2730-35 where we could play some sideways consolidation, so for that reason we’re going to be a little cautious with shorting it here, instead look for the support levels to hold and then attempt the long trade. The initial level below is 2665, which if held should give traders a long into the red box resistance level 2700. It’s this level we need to see defended or broken, and if broken we will look higher into the 2730 region to take out our longs and then attempt the short trades. Breaking this level will entail completion of the election move taking us into the 2750-55 region where price may take a breather, so please keep this in mind.
If we continue upside from the open, then we will be looking to trade the red boxes level to level into the order region following the Excalibur targets. Not much in terms of news until mid-week with CPI, PPI and a Powell speech, so expect there to be choppy and ranging conditions, accumulation and price staying close to MA’s on the shorter timeframes.
KOG’s bias for the week:
Bearish below 2730 with targets below 2665, 2650 and below that the extension level 2620
Bullish on break of 2735 with target above 2740 and above that 2775
RED BOXES:
Break above 2690 for 2695, 2710 and 2730 in extension
Break below 2676 for 2665, 2655 and 2635 in extension
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
GOLD DAILY CHART SHORT/MID TERM ROUTE MAPHey Everyone,
Please see update on our daily chart idea that we have been tracking for a while with the updated retracement and swing range.
Previously after completing 2760 target, we stated that we now have a candle body close above 2760 for a continuation above with a gap open to 2797. We got the move but fell just short of the full gap, but no ema5 lock, which would've further confirm this. We also stated that failure to complete this gap will see price test the retracement range for bounces and a further lock below the retracement range will open the swing range.
- We got the rejection from no ema5 lock above, followed with the retracement range and swing range test, which both gave the bounces like we said.
As long as we see price stay above the swing range, we will continue to see the levels above tested and support levels re-tested for the bounces, keeping in mind the long range/term gap above.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
BITCOIN → Is the $100K target becoming more and more realistic? BINANCE:BTCUSD is in the bull run phase and updating highs due to the excitement of the US presidential election. After 8 months, there are finally reasons for the price to come out of the prolonged accumulation. Now the distribution.
BTC has one bullish driver after another as it approaches ATH:
Trump's victory in the US presidential election.
Then the second 0.25% Fed rate cut in this cycle
Discussions about BTC as a strategic reserve.
Next is the SEC. Trump promised to get rid of the head of the SEC, so the choice will be made in favor of a more loyal to cryptocurrencies person.
In general, the fundamental background for cryptocurrencies is very bullish, altcoins may finally go straight to the moon.
Technically, bitcoin has a key resistance of 76900 at the moment, as well as key support zones, which is worth paying attention to as the price has been forming a local accumulation for two days. Accordingly, the move may continue in the near term.
Resistance levels: 76900
Support levels: 75650, 74560, 73550
The price is squeezing in front of the resistance, which may lead to a breakout. But, the liquidity is decreasing on the weekend, which may lead to a small correction, for example, to 75650 or other areas lower on the chart. We can't talk about any selling now, the reason is obvious, so we are looking for strong resistance levels (to continue the movement), or strong support levels (to bounce with the purpose of buying).
The target of 100K is becoming more and more real ;)
Rate, share your opinion and questions, let's discuss what's going on with ★
BINANCE:BTCUSDT ;)
Regards R. Linda!
DOGE has formed a Pretty Big C&H Pattern !...As you can see, the price has been able to pass the cup and handle resistance, but this does not mean that the resistance is broken. We need to wait until this weekly candle closes for the breakout to be confirmed. If we measure the AB range, which is 17 cents, and if the breakout is confirmed, we can say that the price will easily grow 17 cents equal to CD.
PREVIOUS ANALYSIS
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Give me some energy !!!Bitcoin is currently on its way to completing the fifth wave of its upward trend, and this wave can continue up to over $100,000.
Previous Analysis
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Ether PREMIUM 5X SHORT Updated—192% PotentialGood evening my dear friend, reader and follower,
In a previous publication for ETHUSDT I made the mistake of making the first target too long, it was too far away from the entry price. While any advanced trader can ignore this and secure profits once in the green, it was still a mistake.
Here I would like to correct this by publishing an update on the ETHUSDT (Ether) SHORT with a better set of targets (support levels) and an improved entry price; market conditions stay the same.
➖ Technical analysis
We have a major correction developing out of the March high, and the August crash led to a bearish flag.
ETHUSDT tested MA200 as resistance, so far it holds. The whole dynamic is bearish and we expect lower prices in the ensuing days.
If you notice the advance from October 2023 through March 2024, you can see small candles, slow and steady growth. If you notice the last three days, you can see very strong big candles, a market reaction, inverted correction, not a new impulse; down we go next.
Full trade-numbers below:
____
SHORT ETHUSDT
Leverage: 5X
Entry levels:
1) $3,250
2) $2,800
Targets:
1) $2,755
2) $2,635
3) $2,530
4) $2,435
5) $2,295
6) $2,150
7) $1,955
8) $1,795
Stop-loss:
Close weekly above $3,333
Potential profits: 192%
Capital allocation: 3%
____
Remember to do your own research and planning. I am not responsible for your actions, we are all adults.
This information is shared for learning and/or entertainment purposes, should not be construed as financial advice.
Thanks a lot for your continued support.
Namaste.
Practical Application of Order Blocks in Trading🔸In trading, especially in the context of institutional and supply-demand-based strategies, order blocks, imbalances, breakers, and entry points are all critical elements for spotting potential high-probability trade setups. Here’s a breakdown of each:
1. Order Blocks
🔸Definition: Order blocks are areas where large institutional orders (by banks, funds, etc.) are believed to have been placed, often leading to sharp price movements. These typically form after a period of consolidation, when a large entity enters the market to create momentum in a particular direction.
Types:
▪️Bullish Order Block: An area where institutions have placed buy orders, resulting in an upward price move. It’s generally identified by a down candle (in a bullish trend) before a strong upward move.
▪️Bearish Order Block: An area with concentrated sell orders, leading to a strong price decline. It’s marked by an up candle (in a bearish trend) before a sharp downward move.
▪️Use in Trading: Traders look for price to return to these areas as potential entry points, expecting the area to act as support (for bullish order blocks) or resistance (for bearish order blocks).
2. Imbalances
🔸Definition: Imbalances (also called Fair Value Gaps or FVG) occur when there is a strong price movement in one direction, leaving a "gap" in liquidity. ▪️IThis happens when there’s more demand or supply than what the current orders can fulfill, leading to a price spike.
▪️Identification: Look for consecutive candles moving in the same direction without much overlap in their wicks. This often leaves a gap between the high of one candle and the low of the next.
▪️Use in Trading: Since price often "rebalances" itself, traders may expect price to return to this area before continuing its trend, using it as a potential point for entries in the direction of the larger trend.
3. Breakers
🔸Definition: A breaker is a failed attempt at reversing a trend, usually involving a break of structure that indicates a reversal but then fails, with price moving back in the original trend's direction.
Types:
▪️Bullish Breaker: When a downtrend is invalidated, but instead of continuing downwards, price reverses back up. The previous support level that price broke and closed below may now act as a support zone.
▪️Bearish Breaker: When an uptrend is invalidated, but price moves back down, often causing previous resistance to act as resistance again.
▪️Use in Trading: Breakers are often used to identify failed reversals where traders might enter in the direction of the initial trend, as these zones tend to have strong support or resistance.
4. Bullish and Bearish Breakers in Trading
Bullish Breaker:
▪️A level created after a failed bearish structure, turning into support as the price breaks upward.
Look for confirmation of price moving above this level, with entry points often at or just above the zone.
Bearish Breaker:
▪️A level created after a failed bullish attempt, creating a resistance zone as price breaks lower.
Traders enter trades when price retests this breaker level and shows signs of rejection.
5. When to Enter Trades
▪️Order Block Entry: Look for price to return to an order block zone (after creating it), confirming it as a valid area of support or resistance. Confirmation methods include candlestick patterns or lower timeframe support/resistance creation.
▪️Imbalance Entry: Price may "fill" imbalances, and traders can look to enter as price retraces to this level with signs of rejection or confirmation. Watch for candles rejecting at the edge of the imbalance zone.
▪️Breaker Entry: Wait for price to test the breaker zone and show signs of rejection, typically with a smaller time-frame entry trigger (like a lower high or low in structure).
▪️Risk Management: When entering trades based on these points, place stops beyond the zone or recent high/low, and target areas of the next significant support/resistance or opposite liquidity pools.
6. Tips for Effective Use
🔸Multi-Timeframe Analysis: Check higher timeframe levels for stronger order blocks or breakers and use lower timeframes to refine entry.
🔸Wait for Confirmation: Often, a test of these areas with a reversal candlestick pattern (like a pin bar or engulfing candle) on a lower timeframe will provide better entries than immediately entering.
🔸Volume Confirmation: Higher volume in these areas can suggest more institutional interest and improve the chance of a successful trade.
🔸Mastering these concepts involves observing how price interacts with these levels across different market conditions, which enhances accuracy over time.
Lingrid | GOLD Weekly Technical AnalysisOANDA:XAUUSD market made a bearish move earlier in the week but rebounded on Thursday and Friday. Despite the current volatility, a sideways movement appears likely following these recent fluctuations. The price bounced off a support level after the FEDs decision to cut rates, but we also saw some bearish movement, closing Friday's session in the red. It closed below the psychological level of 2700, indicating a potential consolidation between the 2600 and 2700 levels after facing strong resistance.
On the daily timeframe, the market may be forming an ABC pullback toward the 2600 support level, as it has not tested this level since breaking and closing above it in September and October. Looking at the 4H timeframe, we can clearly see a shift in market structure, by prices making lower lows and lower closes, along with a breakout from the upward channel. The market had been contained within this channel for the past three months, but it has now broken out, retested the channel, and is currently showing signs of a rebound.
Given that the gold market often creates triangular patterns, we may see this formation develop in the first half of next week. I anticipate continued consolidation, as prices typically tend to move sideways or form a two-legged pullback following significant movements, much like we observed last month.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Bitcoin can make correction and then rise to 80K, and even moreHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price traded inside the buyer zone and soon broke the 67600 level, after which made a retest and continued to grow. In a short time, BTC rose to current support level, which coincided with the support area, and then started to decline inside the wedge. When the price fell to the 67600 support level, it entered the buyer zone, rebounded from the support line of the wedge, and started to grow. Firstly it corrected and then rebounded up to the current support level. Price broke this level, made a retest, and continued to grow to the resistance line of the wedge. Bitcoin some time traded near this line and later corrected to support line of the wedge pattern, after which it made an upward impulse. After this movement, the price exited from the wedge and now reached a new ATH (79800 points), after which made little correction. Now, it continues to rise, so, in my opinion, the price can make a correction movement and then start to grow. Also, I think it can reach new ATH, so, I set my target at 81500 points. Please share this idea with your friends and click Boost 🚀
A Bullish Bitcoin: $155,599 Shows Up As The Next Target!Something happened recently... It was a breeze... It knocked the door open, and it felt so good... But it wasn't the breeze, it is in the air; the atmosphere, the aura; it is a feeling!
Good night my fellow Cryptocurrency trader, what a wonderful day!
It is my love, my pleasure and joy to write for you now, always, yesterday and forever again. It is good to be in this moment now and be healthy, breathing and living with you, here now.
Notice the Fibonacci levels on the chart. Bitcoin found resistance exactly at the 1.236 Fib. extension, this is in relation to the last bull-market. This is very interesting because it reveals several things.
First, should we recap? Should we go through what just happened?
Ok! All resistance has been obliterated. We are now in bullish territory. We are now in the bullish zone.
We are in this moment now, so let's focus on today.
Present day, trading volume is finally rising, a volume breakout and several times above the weekly average. We are good on this front. With resistance now in the past, we no longer consider a potential rejection, we focus on the next target, the next resistance; how far up can it go?
After the $81,500 target immediately we have $89,444 next. This is followed by the much awaited, the much expected $100,000, in this case, $102K. This is the golden ratio and a major resistance level, consider a stop at this point. If Bitcoin is going to rest at some time, anytime while rising, this one should be considered by all the bulls involved.
Now, the main target for the current wave is the 2.618 extension and this one sits at $155,599. At the current rate, this target would be hit between now and May. May 2025.
With a blow-off top, no double-top, makes for an interesting bull-market in this cycle; but the old map has been broken, so anything goes.
What happened to Google, Apple, Amazing, Microsoft and the rest? Is Bitcoin entering such a phase where it grows long-term? Hard to say, but easy is to say that the current market conditions point toward maximum growth, supported by maximum interest and maximum strength.
So six months for the next high. The correction that follows would be the next bear-market, and it would never go below 64 or 48K, then starts a new wave and we keep on growing. The Altcoins are going to boom 100X.
Another scenario is a long stop after hitting 102K, consolidation above support leading to a major high late in 2025...
Thank you for reading.
Make sure to boost to show your support.
We are in team bulls now. Being a bear is such a pain... But I had to do it, one day you'll understand.
Namaste.
Bitcoin - If you buy, you can get REKT in 2025! (Insider Info)Bitcoin is forming a historical bearish divergence on the weekly chart. As we can see, the price is making higher highs, while the RSI indicator is making lower highs. Historically, Bitcoin reacts to the divergence very successfully, and a lot of traders use it as a main indicator.
Bitcoin can fall to 38k - 44k, so if you buy now, you can experience a massive loss if you are going against the RSI divergence. Best to open a short position, stop loss 81k. This bullish flag looks like a trap for retail traders.
Intelligence people know that Bitcoin can have an infinite supply. It's nothing more than a computer program, and it can be modified. And they will give you good reasons to increase Bitcoin supply in the future, such as World War 3. And sheep will say yes, let's print more Bitcoin to end the war. Once Bitcoin becomes the world's digital currency, controlled by the FED as they plan to do so, you will hate Bitcoin.
In a previous article, I said that crypto technology is not new and nothing special. This technology was brought to earth by alien entities. Crypto technology is already used on thousands of different planets in the galaxy. In fact, crypto is another version of the fiat money printing system. You probably heard about Greys, Reptilians, and Draconians. When you look at them, you will notice their ugly appearance. Nature hates them; that's why they are very ugly. Their intelligence is extremely low compared to humans, and they take instructions mostly from the AI.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!