Dollar Down and Crypto PumpsHoping for DXY to drop down to the lower range and allow liquidity to keep flowing into crypto so we can keep pumping. Also watching BTC.D closely, if this breaks down and makes a new lower low then we can say with a lot more probability that Altcoin Season or Alt season is truely upon us.
Lets watch and wait! I am in a few positions, XRP/DOGE/VIRTUALS ready for the action.
Not financial advice, lots of volatility and risk out there, watch out for the bulls too.
1-BTCUSD
November 26 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
In a little while, at 12 o'clock, there will be a Nasdaq indicator announcement at 4 a.m.
Fortunately, Nasdaq has reached a safe zone,
but Bitcoin is the problem.
Nasdaq and Bitcoin have reached similar major candles,
but both have broken mid-term patterns.
In the case of Tether dominance,
since there is no proper resistance line after the upward trend,
it is impossible to draw.
(There must be a sweep or gradual adjustment to fall)
I proceeded with the most conservative strategy at the current location.
* In the case of the blue finger movement path,
it is a two-way neutral
short->long switching strategy.
1. 94,037 dollars short position entry section / stop loss price when orange resistance line is broken
2. 91,816 dollars long position switching / stop loss price when purple support line is broken
or when section 2 is touched
3. 95,024.5 dollars long position 1st target -> Top section 2nd target
After short position switching when reaching the top section
Autonomous long position re-entry section at daily closing price
After vertical decline around 3 PM
Still falling stepwise without any wave or entry point.
Section 1 at the top is the best short vertical decline section.
(Be careful as it can be a 5-minute trend reversal point and a plunge point)
You have to break through this section to succeed in the strategy
and it becomes a somewhat safe section. Also, a downward or strangely shaped upward wave can come out from the current position,
but it seems okay until the purple support line is damaged,
and it can fall downward from the second section touch,
so it would be better to maintain the current position without touching it if possible.
The bottom is the single touch point of the center line of the Bollinger Band daily chart.
The lowest 87,675 dollars is
where the 12 + daily pattern is restored.
It seems advantageous to operate altcoins according to the rebound today.
It may flow downward,
so rather than entering right away,
it seems advantageous to operate from the long position entry after the successful rebound (5-minute trend change).
I ask that you simply refer to and use my analysis so far,
and do not forget the principle trading and stop loss price,
and operate safely.
It was completely burned from Monday.
Thank you for reading.
BITCOIN new ATH ( 107000$ )Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for BITCOIN, 📚💡
In recent weeks, Bitcoin has experienced a strong breakout through key resistance levels to the upside. Simultaneously, market volume has surged to extraordinary levels, and technical indicators suggest further upward momentum. 📚💡
Throughout this rally, short-term pullbacks have occurred, driven by stop-loss hunting and sharp, bearish candles. Fibonacci support levels are providing critical guidance, helping identify strategic entry points to buy and safeguard against further losses. 📚✨
🧨 Our team's main opinion is Bitcoin has broken key resistance levels with high volume, showing bullish signals, while short-term pullbacks and Fibonacci support levels guide strategic entry points to mitigate losses. 🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
SNEK: Adapted tools for Regime filtering & SystematisationYou should never rely solely on one tool when trading, think of trading as putting together a jigsaw.
You are looking to form a picture.
The more tools at your disposal allow you to form this jigsaw and make better, more informed decisions.
Understand these concepts:
- Orderflow
- Momentum
- Trend-following
- Volatility
- Time
- Price
Here's the #SNEK SNEK/USDT chart leveraging a few of my tools:
- Momentum (Adapted RSI w/ Multi-Crypto Regime Detection)
- Trend-following (SMA RF)
- Volatility, Time, Momentum, & Trend are packaged in a third strategy with the long/short signals...
Systematising our trading.
Believe in something.
Bitcoin $100K on November 24th 2024?Welcome back folks,
I hope you enjoyed the crypto and stocks winter and bagged up on those beautiful opportunities I gave end of 2022.
What way we've come from since that, sitting here with Bitcoin at almost $100K! Just because it's a historic moment, I wanted to share this scenario for $100K in November - but only if Bitcoin stay above the GETTEX:89K low! Where we see a sideways weekend, trapping traders in the range, break it to the downside and smash it to the upside midweek. Would be a classis Wednesday press release during the US session to advertise 1 BTC = 100K.
If not, then we're looking at this for december but wil get a bit more correction / chop first. Anyways, we made from down at $16K here and we can be happy nevertheless :)
Enjoy your weekend.
115 000 BTCUSD End of Year 2024 Price Target🔸All previous setups made money, feel free to recap below via links.
All target already acquired as well.
🔸Currently minor pullback in progress, however BTC bulls are not
done yet and end of year price target is 115 000 usd on the possible
tech overshoot once we clear resistance at 100 000 usd.
🔸key s/r zones: 87/89 000 usd, 81/83 000 usd, 83/85 000 usd is the
best zone for the bulls to reload for a ride to 115 000 usd in December.
🔸Recommended strategy bulls: wait for the pullback to complete
in the recommended zone. BUY/HOLD. TP 115 000 USD in December.
good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
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Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Could the Bitcoin drop from here?The price is rising towards the pivot which has been identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop to the 1st support which is a pullback support.
Pivot: 95,881.12
1st Support: 91.430.48
1st Resistance: 99.592.22
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BTC bottomjust curious if this analysis will play out.
If you zoom out of the chart, you will se that I compare the 2011-2013 run Vs 2015-2017 run and I estimate the next pivot for BTC.
some findings:
- cycle lengthen 2015 Vs 2011 >1.25
- cycle lengthen 2018 vs 2011 > 1.70
- peak to low speculation
2018 Vs 2011>1.70
Cryptocurrency analysis of the near futureWe saw a small correction of BTC/USDT on the 25th of November as it was overbought in my opinion. Right now we are in an uncertain situation and I advise to trade carefully.
In this chart we look at the 1h timeframe of BTC/USDT since the correction. There is a strong support at the ~91'500 mark and if this zone can hold and will break the minor resistance at ~95'000 we might continue to go upwards. If this support zone breaks the price can fall lower and I would start a short trade in the crypto market as a whole because it also drags the altcoins down.
Let me know what you think will happen in the near future. Trade carefully!
BITCOIN: 100K To 90s? Bitcoin recently reached impressive new highs, but the market has now corrected, presenting a unique opportunity for traders. This pullback is a signal for savvy investors to re-enter at a lower level before the next upward momentum takes off. The current price levels offer a strategic entry point to capitalize on Bitcoin's long-term potential. Whether you’re looking to start small or go big, this is the perfect time to buy and position yourself for future gains. Trade easily, act decisively, and seize the moment before the next surge begins..
BTC forming head and shoulders patternIt appears that BTC is forming a big head and shoulders pattern within an ascending broadening wedge. If it continues to follow the red line it will retest all key price levels and react to trend line support and resistance. I think it absolutely must retest the $74k region and this pattern is a straightforward way to get there.
Need to check support near 92600.19
Hello, traders.
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Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
Since the next volatility period is around December 3, the point to watch is whether the price can be maintained near the box range of the HA-High indicator (92600.19-98871.80) until then.
-
The HA-High indicator was created at the 96372.40 point, forming a box range (92600.19-98871.80).
This box section is not currently formed by a wave but by a single candle, so there is a possibility that it will expand the box section while moving sideways around this section.
Therefore, we need to check whether there is support near the bottom of the box, 92600.19.
If we see resistance, the key is whether we can touch the MS-Signal (M-Signal on the 1D chart) indicator and rise.
If not, and it falls below the MS-Signal indicator, that is, if it falls below 87.8K, there is a possibility that it will fall to around 79.9K-80.9K, so we need to think about a response plan for this.
-
Since the StochRSI indicator is showing signs of entering the oversold section, we need to check the position when it rises in the oversold section and switches to a state where StochRSI > StochRSI EMA.
-
Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, I expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
BTC Price Prediction Post 2025 US Presidential Inauguration Looking at how BTC performed over the past 3 US presidential elections, I used those numbers to come up with an idea of where BTC might land at its highest point in 2025.
There are significant diminishing returns as far as percentage gain, post inauguration, since 2013. It looks like we will see an 85% gain from 2024 election day this cycle, especially with BTC price rising above its previous 2021 ATH prior to the 2024 election this year.
Previously in 2020, BTC beat its ATH right around Election Day. And the cycle before that, it didn't beat its 2013 ATH until after the 2017 inauguration date.
So that would put us at a peak of 130k/BTC around November 2025 this coming year. This is a conservative estimate based on the average rate of diminishing percentage increase. I hope it goes higher, but this seems realistic to me, and would nearly double the previous ATH.
MSTR is Back To Dotcom Boom Levels...Finally. But At What Cost?Self-explanatory chart. I called a major top for Bitcoin and Microstrategy back in 2022, detailing the possibility of much lower prices for both.
This ended up being correct, but only in the short term. Since then, both BTC and Microstrategy have surprised me to the upside. It's incredible that only now has MSTR reached a valuation it has not seen since the year 2000. Look at that volume! Mania levels.
Microstrategy now owns 386,700 Bitcoin, almost 2% of the entire 21 Million maximum supply. This is triple the supply ownership from 2022, when it was just over 100,000. That's triple the risk. What could go wrong?
It's impossible to know when this could all go up in flames, but I'm certainly ready to watch when it happens. These kinds of price moves and buying behavior are not sustainable. It is also starting to rub more and more Bitcoiners the wrong way - "this is not how it was meant to be!"
Meanwhile, Saylor continues to enrichen himself and shareholders. Not to mention, there is now at least one leveraged MSTR ETF. Again, what could go wrong? Some people have made a killing on this though. Congrats to them. Now it's time to take at least some profit. On the above chart, a breakdown from that orange trendline should indicate a top.
Let's see how it all unfolds. If price manages to hold up here, perhaps there will be at least one more leg up.
As always, this is meant for speculative purposes only. As shown throughout my work on this site, it's really easy to be wrong. I just find the guesswork part of the fun. Thanks for reading!
-Victor Cobra
Bitcoin's $92K Correction: A Deep Dive into the Real CulpritBitcoin, the world's largest cryptocurrency, has recently undergone a significant price correction, dipping below the crucial $92,000 level. While many analysts initially pointed fingers at the influx of Bitcoin Exchange-Traded Funds (ETFs) as the primary catalyst for this downturn, on-chain data paints a different picture.
The Myth of ETF-Induced Selling Pressure
The narrative that ETF inflows have been the primary driver of Bitcoin's recent price decline has gained traction in certain circles. However, a closer examination of on-chain data reveals a different story.
• Long-Term Hodlers Remain Resilient: Despite the market downturn, long-term Bitcoin holders, often referred to as "whales," have shown remarkable resilience. These individuals, who have held their Bitcoin for extended periods, have not been significant sellers during the recent correction.
• Short-Term Holders Under Pressure: In contrast to long-term holders, short-term holders have been more inclined to sell their Bitcoin, particularly during periods of market volatility. This suggests that the recent price decline may be more attributable to profit-taking by short-term investors rather than a broader market sell-off.
A Normal Correction, Not a Bear Market
It's important to recognize that the current price correction is a natural part of the cryptocurrency market cycle. Bitcoin has experienced similar corrections in the past, often followed by periods of consolidation and subsequent upward momentum.
• Technical Analysis Suggests a Healthy Correction: A closer look at Bitcoin's technical indicators reveals a healthy correction. The Relative Strength Index (RSI) has dipped below the overbought level, indicating that the recent price surge may have been overextended. Additionally, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, suggesting a potential bearish trend in the short term.
• Support Levels to Watch: Traders and investors should keep an eye on key support levels, such as the 100-day moving average on the 4-hour chart. If Bitcoin can hold above this level, it could signal a potential reversal of the current downtrend.
The Future of Bitcoin: A Long-Term Bullish Outlook
Despite the recent price correction, the long-term outlook for Bitcoin remains bullish. Several factors continue to drive the adoption and value of Bitcoin:
• Institutional Adoption: Major financial institutions and corporations are increasingly recognizing the potential of Bitcoin as a valuable asset class. This institutional adoption is likely to fuel further price appreciation in the long run.
• Deflationary Supply: Bitcoin's fixed supply of 21 million coins ensures that its value will appreciate over time as demand increases.
• Global Economic Uncertainty: As global economies grapple with inflation and geopolitical tensions, Bitcoin's appeal as a hedge against inflation and a store of value is likely to grow.
In conclusion, while the recent price correction may have caused some short-term volatility, it is important to maintain a long-term perspective. Bitcoin's underlying fundamentals remain strong, and the cryptocurrency is well-positioned to continue its upward trajectory in the years to come.
Disclaimer: This article is for informational purposes only and should not be construed as financial1 advice. It is important to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.2
BTCUSD is heading to Critical OB at 87,800$MMSM identified and we're almost certain BTCUSD [ BITSTAMP:BTCUSD ] will hit 87,800$ this week.
If we respect the first OB we should pass 100K.
If we fail to displace (fast move) after reaching the OB, we could see it go lower to the next OB.
Respecting the OB: Means we displace after reaching the OB.
If we are bullish We don't want, No Chart Timeframe (in this case 90m) candles closing below the OB's lower level (yellow thin line).
If we are bearish We don't want, No Chart Timeframe (in this case 90m) candles closing above the swing high that formed after reaching the OB.
Here is more info about CISD: When an order block is invalidated, it signals a Change in the State of Delivery. For example:
-In an uptrend, a bullish order block acts as support. If price breaks below it, the uptrend may be over, signaling a potential downtrend.
-In a downtrend, a bearish order block acts as resistance. If price breaks above it, the downtrend may be ending, signaling a potential uptrend.
Smart money tip: Liquidity Hunt, CISD often occur after liquidity sweeps . Watch for stop hunts (price wicks above/below recent highs or lows) before the shift.
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tags: COINBASE:BTCUSD INDEX:BTCUSD CRYPTO:BTCUSD CME:BTC1!
BTC ATH | Bitcoin Dominance | Alt Season Interesting insights can be gather from the Bitcoin dominance chart and the altcoin chart (TOTAL3).
You can see some interesting patterns when you overlap them, and monitor for previous "fractals" or patterns.
Some of the key insights you can gain from this combo:
👉 The BTC peak / ATH, or not
👉 The end of Altseason
_________________________
COINBASE:BTCUSD CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL3
Close to a million by 2033?Cyclic Lines allow a user to set two vertical lines a specified distance apart. Once the lines are set, repeating vertical lines will appear equidistant apart and will appear indefinitely into the future.What this means is that as time goes on (and price changes), or even if the user just scrolls forward in time, the vertical lines will keep appearing.