Bitcoin: Fed Cut, Spot ETFs, Michael Saylor, Doubts & Questions I am always considering the other "side," the competing point of view. I always accept what others are saying, try to see things the way others see it.
Everyday, I try to see Bitcoin moving higher and I stay open to 100K. I've been open and waiting since March 2024 and with every day that passes I get more and more convinced that 100K is not happening, but instead we are seeing a massive consolidation phase.
But I never give...
— What am I not seeing?
— What are they seeing that I am missing?
— Why or how do I see lower highs on the chart, am I making them up?
— Are prices rising and somehow I am ignoring this?
— Did Bitcoin hit 84,000 on a wick on the 5th of August and somehow I saw it in reverse?
— Where am I wrong?
— What am I missing?
But with each passing day, I am more and more convinced that my friends here might be wrong. It is painful but I have to accept that I might be seeing it the way I think I see it... But I keep trying.
Ok... What are the signals that you look for a bullish breakout to happen?
High volume, a major low being hit, bullish divergence on the indicators, low prices after a major bearish cycle, etc. Are these present here? No.
Ok... Maybe you are justified in thinking that the chart is bearish.
Maybe you are not fooling yourself.
Maybe these people are wrong...
But how can they be wrong, if they are wrong it means I am right, and if I am right, it means that Bitcoin has been going down and not up since March 2024.
Let me ask you a question, what is the difference between October 2024 and October 2023?
In October 2024 Bitcoin is trading at $67,800 and the price was around $26,000 in October 2023.
Do you belief Bitcoin will hit $100,000 in October 2024?
Of course not. This is very unlikely.
Do you think Bitcoin will remain at the same level in October 2024?
Leave a comment.
What tends to happen before the elections?
If Bitcoin is ultra-bullish, why is it not already trading at $90K?
If we have Michael Saylor claiming to the moon, the Spot ETFs, Fed Cuts and the rest, why is Bitcoin not trading at 100K already?
Why Bitcoin has not grown in the last 7 months?
Because we are in the distribution phase, and the distribution phase ends in a major crash, prices go down not up. That's why. It is because after a bullish wave, the market produces a correction.
We are in the correction phase right now. Only after the correction is over we can see growth.
But Michael Saylor bought Bitcoin!
The company that he runs bought Bitcoin, it is likely that on the outside he is building a massive SHORT.
Namaste.
Community ideas
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Our 1H chart is idea playing out perfectly, as analysed!!
As advised yesterday we got the 2746 hit, followed with ema5 cross and lock above 2746 opening 2752 and 2762. Both targets were hit today completing this range range.
We will now look for ema5 lock above 2762 to open the range above or failure to lock will follow with a rejection into the lower Goldturn for support and bounce.
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 TARGETR
2746 - DONE
EMA5 CROSS AND LOCK ABOVE 2746 WILL OPEN THE FOLLOWING BULLISH TARGET
2752 - DONE
2762 - DONE
BEARISH TARGETS
2736 - DONE
EMA5 CROSS AND LOCK BELOW 2736 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2728 (DONE) - 2720
EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2707 - 2692
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
Bitcoin - 100 Billion $ Historical Liquidations | ALL TIME HIGH!Bitcoin is only a very small step away from reaching a new all-time high. On the following chart, we can see high leverage liquidity from traders around the world.
The most liquidity is around 70k - 73k. Over 100 billion dollars are ready to be liquidated! How is this possible? Most people have their liquidation price exactly around this level on their short positions on futures. They believe the market will go down, but as you know, liquidity can be a very sweet spot for whales; of course they want all orders.
From a technical perspective, bitcoin is forming a bullish pennant, and we have a strong bullish Elliott Wave combo (impulse wave + zigzag wave (1+2)). Wave 3 is in progress.
Bitcoin will most likely experience a massive flash pump, now it depends on whales - will they take the liquidity for their sell orders or let it be to push the price higher? What do you think? Let me know in the comment section. 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!
GOLD → ATH Retest. Next $2800 or reversal? FX:XAUUSD is going to 2800 or??? The price is testing the ATH and does not show signs of reversal. A pre-breakdown consolidation is forming around 2758. Will there be another update of the highs?
Traders remain cautious ahead of Thursday's PCE release followed by jobless claims and NFP.
Profit-taking risks are increasing in both DXY and gold. It all depends on pre-news sentiment (background) as well as actual data.
The overall environment is complicated due to the US presidential race.
Gold is supported by the Middle East conflict, as well as hopes for more stimulus in the Chinese markets and economy.
Technically, gold is returning to the ATH, forming a pre-breakdown consolidation, hinting that there may be breakout attempts for further gains. Accordingly, as we are testing the ATH, we need to be ready for all eventualities!
Resistance levels: 2758, 2775
Support levels: 2745, 2728, 2724
Price has been in consolidation near resistance 2758 for the last 8 hours. It is gaining potential. Consequently:
1) If there will be an attempt to break through 2758 with the subsequent holding of the defense by the bulls above this area, then in the short term we should count on the continuation of growth to 2775-2800
2) IF a false breakout is formed and the price comes back down, forms consolidation below 2745, then further gold may go down to support before further growth.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
AMBER ALERT; BULL RUN is READY! Two vertical green lines represent a BULLISH HARAMI PATTERN.
Red vertical line represents the waterfall where some could have thought, BITCOIN is doomed.
Indicator
Yellow is the RSI and blue are three indicators combined into threefold:
1. TRIX
2. Ultimate Oscillator
3. Rate of Change
Let’s go to the red vertical line where the BTC falling started. As some might have thought the worst of BTC, TRIX, Ultimate Oscillator, and ROC painted a completely different story.
Their pointing was up and still is.
RSI follows in the directions of TRIX, Ultimate Oscillator, and ROC. When this three becomes open. It’s great guidance.
Ichimoku is bullish in the coming days. The 4 hour TF candlesticks are inside the BULLISH CLOUD.
ATR AUTO DETECTOR idea will be for tomorrow. We still have time. I got stuck getting an indicator coded out.
Bitcoin Double-Top: A Repeat Of 2021?Back in 2021, Bitcoin hit a major high in April. 210 days later a slight higher high, and a technical double-top, was hit in November.
The first high toward April 2021 was preceded by rising volume.
The second high toward November 2021 was preceded by decreasing volume.
In 2024, the first high reaching March was preceded by rising volume.
The second high toward October 2024 was preceded by decreasing volume.
➢ The November 2021 higher high/double-top ended in a major crash (the decreasing volume was a strong revealing signal).
➢ The October 2024 lower/higher high/double-top has very low volume and also very, very low market participation, only whales are playing right now (no retail).
Will the second high of 2024 lead to a major crash?
This is a high probability scenario.
Bearish at resistance.
Bullish at support.
Q: What is the difference between December/November 2022 and October/November 2024?
A: The price... One was a bottom and the latter is a top.
Patience is key.
Thanks a lot for your continued support.
Namaste.
Don't you want to know?BINANCE:BTCUSDT
As Bitcoin approaches $73,000, we find ourselves at a crossroads. Will Bitcoin break through the megaphone and go above $73,000 or set a new all-time high? Alternatively, will it be rejected by this strong resistance of $73,000 and fluctuate within the megaphone again? In my opinion, the price will rise to around $73,500. Based on my experience, Bitcoin could experience a sudden drop around this price level ($73,500 or higher) to liquidate long positions before breaking the megaphone and reaching higher prices. It is also worth mentioning that with the approaching U.S. elections and tensions in the Middle East, the market can be very volatile, so consider risk management.
Previous analysis!!
Long term preview!!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
an update on DOT's Bullish trendDOT is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 6.80$ Stay tuned for more updates, thanks.
✨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!!
Update idea
BITCOIN vs SOLANA !!BINANCE:SOLUSDT BINANCE:BTCUSDT
Bitcoin and Solana are displaying similar cup and handle patterns on a weekly chart.
Watch for breakout confirmations that could trigger significant upward movements in both assets.
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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!!
SOLUSDT is in the ascending phase by the cup and handle.
Long term preview!! (BITCOIN)
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Yesterday we said we would continue with the plan and look to complete our targets which has worked well today. Our red boxes performed well as well as our bias bearish below level which gave the tap and bounce from 2771, we wanted 2770.
Targets completed today:
2755, 2762, 2768
This leaves us with one target level remaining sitting at the 2779 and 2780 price points, which if we can support at the indicated levels we feel should be achieved. We're too high now again to long so unless we get a pullback, we'll follow the plan and look for RIPs from the higher levels for the attempt to short.
A great day on the markets completing not only the gold targets but another 10 targets hit across the other pairs we apply the algo to.
As always, trade safe.
KOG
BTC towards $76k!hello guys
Channel Breakout: Bitcoin is moving within an ascending channel, with price action close to the upper boundary, indicating bullish momentum.
Resistance Test: After breaking above a long-term downward trendline, Bitcoin has held steady, suggesting that the previous resistance is now acting as support.
Next Target Zones: Price is heading toward the next resistance area around $74,000–$76,000, highlighted by potential bullish continuation patterns.
Upside Potential: A successful breakout above the $76,000 level could propel Bitcoin toward the $80,000+ range, fueling further optimism for a strong uptrend.
Watch for Retests: If Bitcoin retraces, it could find support within the channel or around the previous breakout point, making these ideal zones for potential entry.
The Danger of Complacency in Gold’s Bullish TrendThe current sentiment around Gold is highly bullish, with traders showing a strong bias towards continued upward momentum.
This optimism, however, may be breeding a sense of complacency that often precedes a major market shift.
Technically, indeed, the recent break above local resistance around the $2,742-$2,745 zone gives bulls a target near $2,780, reflecting the recent momentum.
Yet from a swing trading perspective, entering long at this level may carry more risk than reward.
The market's potential for a significant downside reversal could present far more valuable entry points.
Waiting for clear signs of a trend change, rather than chasing highs, aligns better with my risk-conscious approach, positioning to capture more meaningful moves on the downside.
HelenP. I Gold will make small correction and then continue riseHi folks today I'm prepared for you XAUUSD analytics. If we look at the chart we can see how the price some days ago rebounded from the trend line and rose to support 2, which coincided with the support zone. Then the price broke this level and then continued to move up, until it reached 2680 points, after which it turned around and made a correction movement to the trend line. When Gold reached this line, the price broke it and dropped to support 2, but soon turned around and in a short time rose to the trend line and even made a gap. Then price some time traded near the trend line and later broke it. After which Gold reached support 1, which coincided with one more support zone, broke it, and rose even higher in this area. But sometimes, the price fell to the support zone, and now it rising. For this case, I expect that XAUUSD will make small correction and then continue to move up, therefore I set my goal at 2775 points. If you like my analytics you may support me with your like/comment ❤️
THE WOLF on TradingView PIVOT POINTS; low and high which show to have a breakout above the blue MA. Simple strategy just like WAVE PHASE 2. Same pattern for phase 4.
I drew a $69K blue horizontal line which I don't see happening but in case it does. Here we know what to expect. for a later PULLBACK.
The phases I'm more concerned about, are the TSUNAMI WAVES.
BTC - Still Bullish...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per my last analysis, attached on the chart, BTC rejected the red structure and traded higher creating a new short-term structure marked in orange.
📈As long as the structure marked in orange holds, BTC will remain bullish, and a movement towards the upper bound of the blue channel and all-time high at $74,000 is expected.
📉 If the orange zone is broken to the downside, a bearish correction toward the $65,000 round number would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XAU/USD : More Fall Ahead ? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that last week, before filling the gap between $2715.5 and $2716.5, the price started rising from the $2717 area and managed to reach $2747.7. After closing at this level on Friday, we saw that over the weekend, with global markets closed, Israel launched its attack on Iran. However, since this attack was lighter than expected, the markets opened today with a large negative gap in gold. The price opened around $2734, with over a 130-pip gap, but within a few hours, this gap was filled as the price rose to $2744.
As you can see on the chart, there are currently two remaining price gaps. One is between $2715.5 and $2716.5, and the other is between $2744.5 and $2747.2. Which gap do you think will be filled first?
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Lingrid | GOLD Weekly MARKET OutlookOANDA:XAUUSD spent half of the week trading sideways between the 2710 and 2750 levels, remaining within Wednesday's range. This sideways movement created liquidity above and below these levels, and if the market tests these zones, we can anticipate some volatility.
On the weekly timeframe, the market formed a small candle, indicating a pause in the bullish momentum. Ideally, I would like to see a false breakout below the previous week's low, followed by a continuation of the bullish trend. Conversely, breaking above this week's candlestick would be very bullish.
On the daily chart, we've seen the formation of a bullish flag, which suggests a potential upward movement towards 2800. I believe that gold could eventually reach 3000 by the end of the year, although the path there is unlikely to be straightforward. Next week, we have a significant amount of high-impact news, which will likely to inject some volatility into the markets, so we should exercise caution. Overall, I see any pullback as an opportunity to go long.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Bitcoin Roadmap!!!Bitcoin ( BINANCE:BTCUSDT ) moved as ✅I expected in the previous post .
Bitcoin is moving near the Potential Reversal Zone(PRZ) and the upper line of the ascending channel .
According to Elliott's wave theory, Bitcoin is completing wave 3 . I expect the Bitcoin rally will need a Correction to continue near the All Time-High(ATH) .
I expect Bitcoin to drop down to the Support zone($72,000-$70,820) and Support line .
🔔Let's first short position, and I will try to update for the long position.🔔
⚠️Note: If Bitcoin falls below the Support zone($72,000-$70,820), it may fall further.⚠️
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.
NZDUSD - 4hrs ( Sell Trade Target range 100 PIP ) 🟢 Pair Name : NZD/USD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Short )
———————————
Bearish Break
0.59600 Area
Reasons
- Major Turn level
- Visible range Hvn
- Trend Contnuation
- Fibo Golden / Choch
- Day low Break
Bullish Reversal
0.58900 Area
Reasons
- Major Turn level
- Visible Range Lvn
- Pattern Target
- Major Choch zone
- Quarter low
GOLD → Consolidation amid a bull run. What to expect?FX:XAUUSD is forming a sideways range of 2758 - 2713. Relatively strong support is forming to confirm the buyer's intentions, and the fundamental background is still favorable for the ATH retest
The dollar continues to rise on the back of a less aggressive easing cycle from the Fed, as well as the upcoming US election. In general, this is a negative leverage against gold.
BUT. The decline in the gold price remains limited due to renewed expectations of additional stimulus measures in China, as the largest gold consumer in the world, and the situation in the Middle East, where there is no hint of de-escalation of the situation.
The situation, technically, is simple. Trade inside the range and exclusively from strong levels. A possible retest of the range boundary, post facto, will determine the future prospects.
Resistance levels: 2745, 2758
Support levels: 2728-2724, 2713
Bounces or false breakdowns may be formed against the boundaries, as gold is flat. Another retest of resistance may lead to a breakout and growth towards ATH. It can also happen after the support retest before further growth
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
10X? The Final Crash Is In —Bitcoin Is Going Down!Some people go even higher, but I never go higher than 10X. I could easily say that Bitcoin can be shorted right with up to 10X easily. I am looking at the 1H timeframe and we have a new lower high today (vs 21-October) and it is very clear and decisive. All the signals are present.
This is to say that Bitcoin peaked/topped and is ready to resume moving down. There is no going back.
This will be the end of a cycle, literally, a very long one and something we have been expecting for a very long time. Our markets truly will change.
The world will change, perceptions will change, feelings will change, sounds and vistas will change. How you experience/see and understand the market will change.
When Bitcoin trades around $30,000 it will be a completely different experience. You might even look back at this date and wonder... It will be so different. But it will recover in time and all is good, all will be great; life is great.
It will recover in time and all is great but it is going down for sure, the signals are clear on the chart.
Imagine the huge surprise millions of people will go through when they see Bitcoin below 40K, can you imagine? It will recover and it will recover strong and fast (many months) but they don't know this because they don't know it is going down in the first place.
When the crash starts to unravel people will be fine because they don't know what is coming and they won't know what is happening, so all is good, they will say. But when prices move below 50K we will start to see panic and this panic will accelerate the whales profits take.
When it goes below 40K some people will start to plan how hard is going to be the jump, they will be planning jumping out of their balcony of course.
When the low is in, many people will give up at this point and sell at the low. A very large portion of retail will wait for the lowest price possible and only at this price they will give up and fold. It is only at this price because it is an energy and this energy will tell them that Bitcoin is going down, but is already down at 30K so we could easily say once the low is hit that Bitcoin is going up. But most people will see it in reverse.
This last part will produce the bottom wick and this will give us a clear and very strong signal when the bottom is in. With the bottom in, a new cycle starts and everything will be fresh. For the ones holding bags, for those being liquidated everything will sound horrible and feel ugly and look bad. For those on the outside and waiting to buy or those waiting patiently with smart shorts, everything will look just like at the end of a storm. There was lots of movement and excitement but the air is clean and it is time to build back up.
Bitcoin is going down and I can tell you this without a single shred of doubt but once it is down it will recover and grow.
The whole event should only last a few weeks and in the worst case scenario one or two months.
Once the bottom is in, up we go.
I'll be here writing for you and giving you updates live... I hope you enjoy the content and I appreciate your continued support.
Namaste.
Bitcoin Analysis: Triangle Breakout with Bullish Potentialhello guys.
Pattern Breakout: Bitcoin appears to be breaking out of a triangle formation, a bullish signal that often suggests potential for upward momentum.
Flip Area: The support zone marked as the "flip area" around $67,200 acts as a strong support level.
Potential Scenarios:
Immediate Breakout: If Bitcoin holds above the triangle, it could make a direct move towards the upper target range around $71,000.
Retest and Bounce: There is also a possibility of a slight retracement, potentially down to the $67,200–$68,000 range, before bouncing and resuming the uptrend.
Resistance Target: The primary resistance level to watch is around $71,000, which aligns with a previously established high. Breaking above this could lead to further bullish momentum.
Outlook: The setup looks favorable for a bullish move, especially if Bitcoin maintains momentum above the triangle and key support levels.
Bitcoin Touches $70,000, $100,000 Guaranteed Next? Bullish!Bitcoin just touched the $70,000 resistance and it even moved above the 29-July peak price which sits at $70,050. Does this means that $100,000 is now guaranteed? What happens now?
Moving above 70,000 is definitely a major milestone and a bullish development but we would need confirmation first. It can happen that Bitcoin pierces above this level today, moves up for a few days and comes crashing back down so we wait for confirmation.
➢ Today is a Monday and the week is just getting started. If Bitcoin can stay above $70,000 by the end of the week, we can say that this resistance level has been conquered and we have a higher high and the first one in three months.
➢ If Bitcoin moves a little while above $70,000 but then move back down, we would say we have a failed breakout or bull-trap and this would give further strength to the bearish case.
We see a wick above 70,000 but trading volume is still low. Wait for confirmation...
Since the month is ending this week, we can look for both a weekly and monthly close above 70,000/71,000 to get a bullish confirmation.
If Bitcoin fails to stay above this level, it means that the current rise is part of the previous inverted correction.
There is still resistance at $72,000 (7-June) and ~$74,000 (14-March).
👉 We continue bearish on Bitcoin.
Thanks a lot for your support.
Namaste.