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Bitcoin-btcusd-btc

BITCOIN Are you scared enough? Or need to see more pain?Bitcoin (BTCUSD) touched its 1D MA50 (blue trend-line) for the first time in more than 2 months (since October 11) and is rebounding. The first presence of short-term buyers was actually felt on Friday, when the price came close to the MA50 again and rebounded aggressively. This is a natural technical reaction during such aggressive uptrends. The key Support level during BTC Bull Cycles however is the 1W MA50 (red trend-line), which has been supporting since March 2023 and was successfully tested (and held) twice on August 05 and September 06, the last of which was technically the start of the current Bullish Leg. ** The Fibonacci Channel Up ** Bullish Legs are technically part of Channels and this time is no different as Bitcoin has been trading on a Fibonacci Channel Up since the very bottom of the last Bear Cycle in November 21 2021. As you can see, we have classified the price action on this pattern in Phases, each of whom trades within one range upwards, which is why the Fibonacci Channel succeeds at accurately displaying BTC's current logarithmic rise during this Cycle. ** The Phases and the high symmetry ** Phase 1 (blue Channel) traded within the Fib 0.0 - 1.0 range, Phase 2 (green Channel) within the Fib 0.5 - 1.5 range and we expect a 3rd one, Phase 3 (red Channel) to trade within the Fib 1.0 - 2.0 range. As you may assume, there is high symmetry between sequences, Legs and pull-backs within this pattern and the one that stands out is that rallies so far tend to record +100% rises. More specifically, both the April 14 2023 and January 11 2024 Highs of +100% rallies, then pulled back towards the 0.382 Fib retracement level, the first didn't hit it, the second almost did. ** Will we test the 1D MA100? ** But that is the rally that displays the most similarities with the current one and after hitting its 1D MA50, it broke even lower and only found Support and bounced on the 1D MA100 (green trend-line). You can see even how identical their 1D RSI sequences are, which are Channel Down patterns that started showing a bearish divergence much earlier than the top. Right now the RSI is holding the 45.00 neutral level, but the January 2024 and the 2023 fractals turned into a buy on the key 36.00 level, which is bearish territory. Even though Bull Cycles tend to get more and more aggressive as we approach the end of the Cycle and ignore previous Support levels, the 1D MA100 is currently at $79250 and rising, indicating that it can 'meet' the price on lower levels than currently, assuming how quickly the RSI also hits 36.00 (any of the two conditions hits first, the cyclical buy signal can be valid). ** The remainder of the Bull Cycle ** Beyond that, we expect the next High, as we've already entered Phase 3, to be on the -0.5 horizontal Fibonacci extension (as March 13 2024 was) and on the 2.0 Channel Fibonacci ext at a price of $150000, which is the next technical extension of the Channel. After that, you can see that both Phase 1 and 2 started multi-month Accumulation phases with a potential maximum correction to the 0.382 Fib again and as Phase 3 concludes (and possibly the whole Bull Cycle), we may see another +100% rally and a possible Top at $200000. So for the current situation the key question is as mentioned on the title: 'Are you scared enough?' now the 1D MA50 has been tested? Because we may very well drop as low as the 1D MA100 before the Fear & Greed Index turns market sentiment to 'Fear' again and makes the majority misjudge the market activity as they always have. What do you think will happen next? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
2
Bitcoin: Time To Remove The Party Hats?Bitcoin may be on the verge of compromising the 90K support which I will interpret as a sign that the next broader corrective cycle MAY be beginning (Wave (IV)). IF this is the case, you can remove your Bitcoin 200K party hats for at least a YEAR or two. Gold had a similar outcome a few years back and persisted in a consolidation for two years before it broke out. A corrective cycle does NOT mean Bitcoin is going back to 50K (anything is possible though). It just means a prolonged consolidation may be on the horizon which will provide swing trade and investment opportunities for those who know what to WAIT for. The arrow on the chart points to the 92K support that is in play at the moment. At as long as 90K is not broken, I anticipate at least one more attempt to test the high. This short term up leg is likely to test the 100K area. IF the higher high (break of 108) does not culminate from the next price advance, then it would be wise to reduce risk, lock in profits and LOWER expectations until bullish short term price structure can rebuild itself. IF 90K is broken, the next inflection point on this time frame is the 86K area. Great profit objective for those bold enough to short this thing. If 86K is cleared, then its the low 80K area. Again this is one scenario of countless, the key is confirming the price action that supports this possibility, NOT to expect it. This is NOT a forecasting game, it is a interpreting and adjusting game. With the major holiday week on the horizon, it would be best NOT to expect a LOT of action. Volume typically declines, and movements become very muted or you can get slow grinds that just stubbornly persist to some key level. Either way, it is usually best to avoid such markets, ESPECIALLY if you look at smaller time frames. As far the the highs at 108K, anyone that bought anywhere above 100K is NOW at the mercy of the market. This is why I always warn my followers about buying into highs. Chances are you won't take your profits when the peak unfolds because you won't know its the peak until WAY after the fact. When I hear about people who have NO idea what Bitcoin is, now interested in "investing" in it, that screams THE PARTY IS OVER, for now. The best times to get in are usually when no one is paying attention, and for Bitcoin and the alt coins, that seems to take about a year or two from the peak. If you can't take the heat, don't play with fire (or Bitcoin). Thank for you considering y analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
17
BITCOIN → Bearish Pressure !!!Bitcoin has formed a bearish head and shoulders pattern on the hourly time frame. This pattern could potentially lead to a price drop to around $99,000 after the pattern breaks. But as long as this pattern does not break, we cannot say that the price is bearish. Therefore, we should wait for this pattern to break to confirm a bearish trend. 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.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Short
by CobraVanguard
4
BITCOIN Will the Channel Up hold or has the Fed condemned it?Bitcoin (BTCUSD) is having an impressive sustainable price action within the Channel Up pattern since November 12, which despite yesterday's Fed fueled pull-back, is still holding. If it holds, it may follow the same pattern that it did exactly 1 year ago. As you see, it was again in November 2023 that it traded within a Channel Up, which was supported by the 4H MA200 (orange trend-line) since October 11. After it broke out, the price reached the 7.0 Fibonacci extension level from the October low, before correcting again. The situation is very similar today, the 4H MA200 is also holding since Oct 11, the price also formed a 4H Golden Cross on Sep 18, while both fractals started their impressive rallies around the same date (Sep 06 2023 and Sep 11 2024 respectively). As a result, if the 4H MA200 holds, we can expect BTC to target the 7.0 Fib ext next at $135000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
BITCOIN Next top is going to surprise you but it SHOULDN'T !!Bitcoin (BTCUSD) broke yet another benchmark, the psychological level of $100k. The market cap is growing and many claim that it can't keep rising as the capitalization would be at unrealistic levels. For one capital inflows seem to be very comfortable right now with BTC investments and there are still billions waiting at the side for the right investment in 2025. Fundamentals aside, Bitcoin's historic patterns and price action gives us even more reasons to expect (much) higher prices and a Cycle Top that could surprise many. ** Fibonacci Channel Up ** First of all, we've plotted a Channel Up starting from BTC's first Bear Cycle and displayed the Fibonacci retracement levels on it. As you can see, those fit perfectly and catch each Cycle's tops and bottoms very accurately: 1) June 2011 Top on the 0.618 Fib. November 2011 Bottom on the 0.0 Fib. 2) December 2013 Top on the 1.0 Fib. August 17 2015 Bottom on the 0.382 Fib. 3) December 2017 Top on the 1.0 Fib. December 2018 bottom on the 0.5 Fib. 4) April 2021 Top on the 0.786 Fib. November 2022 bottom on the 0.236 Fib. ** Pi Cycle and MM Bands ** Then we have applied the Pi Cycle trend-lines 1 (orange) and 2 (green), which are key trend Resistance and Support levels respectively, combined with the MMB SD3 above (red trend-line) and MMB SD3 below (black trend-line), which are also historically almost the absolute Resistance and Support levels respectively. In the middle of all these is the 1W MA50 (blue trend-line), which during the Parabolic Rally phases (like the one we are currently on), is Bitcoin's main upward force. ** Covering at least 4 Fib ranges ** As you can see, all Cycles broke above at least the Pi Cycle trend-line 1 (orange) before making a Top. The first two Cycles even hit the MMB SD3 above (red). Also each Cycle has a proportional Fibonacci Channel level range, covering at least 4 Fib bands (as described above). Cycle 1 covered Fibs 0.618, 0.5, 0.382, 0.236 and 0.0. Cycle 2 covered Fibs 1.0, 0.786, 0.618, 0.5, 0.382. Cycle 3 also covered Fibs 1.0, 0.786, 0.618, 0.5, 0.382. Cycle 4 covered Fibs 0.786, 0.618, 0.5, 0.382, 0.236. ** Surprise Top ** The MMB SD3 above (red trend-line) is now below Fib 0.618 and it is less likely for BTC to hit it since Cycle 3 didn't. As a result, it is possible that the next Top will be on Fib 0.5 at best (maximum). If that is succeeded towards the end of 2025, and assuming that the Pi Cycle trend-line 1 (orange) breaks by then as it always has on every previous Cycle, that gives us a target range for the next Cycle Top within $250k - $350k! Do you still think that's unrealistic? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
7
BITCOIN The Volatility Index points to strong consolidation nextLast time we analyzed Bitcoin (BTCUSD) in relation to the Volatility Index (VIX), was 4 months ago (August 22, see chart below) and was an extremely successful projection as we took advantage of the 1W MA50 (blue trend-line) bottom and predicted the $100k Target, which recently got hit: Once more, we decided to seek the (mostly) negatively correlated patterns of VIX (chart on the right) to determine BTC's (chart on the left) price action in the coming months. Based on VIX's Channel Down, the fact that it broke below its 1W MA50 (blue trend-line) and now is rebounding indicates that BTC may be entering a weekly consolidation phase. As you can see on VIX's chart, every time it broke below the 1W MA50 and started rising, Bitcoin entered a multi-week consolidation phase that sometimes was quick and others many months in length. Its 1W RSI is also at a level that relates to all those consolidation phases. In our opinion this consolidation has more probabilities of being similar to December 04 2023 - January 29 2024, as the post August 2024 rally resembles more the rally that started on August 2023. This highlights the high degree of symmetry within Bitcoin's 2-year Channel Up. If it continues to replicate that huge Bullish Leg, then we might as well see the rally peaking upon a +195.27% rise again. That could target $145000 by May 2025, which technically would also be marginally above the 1.5 Fibonacci Channel extension, similar to the March 11 2024 High. So what do you think? Is it possible for Bitcoin to enter a multi-week consolidation now? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
4
Bitcoin: New Profit Objectives Greater Risk.Bitcoin is poised to push the 104K high after breaking the previous inside bar (buy signal). While this is exciting and a newsworthy event for the casual observer, it is important to recognize some potential turning points from here. While there is no precision to this, it does offer a way to measure profit objectives and compare them to the growing RISK. Once again I will emphasize that swing trades and day trades are the most effective way to contain the large magnitude of RISK that is often overlooked by many. The blue arrow on the chart points to the 104K all time high. The thing to avoid here is shorting it with the thinking that it will "double top" ect. At this time there are no signs of weakness. The outside bar that developed a week ago has been bought up, along with any minor pullback thereafter. With the trend structure clearly in place, shorts still pose a high risk, especially on swing trade time frames. There are situations where risk on both sides of the market can be high and these are usually good times to be small or be out. As far as profit objectives: measuring Wave 1 and projecting from the Wave 2 bottom, I see inflection points in the 105K and 113K areas (see horizontal lines). We can use these to anticipate selling activity and prepare to lock in profits, etc. Can price can further? ANYTHING is possible, but as I will ALWAYS say at highs, the probability is lower. The fact that we are in the vicinity of a Wave 5 of 5 of a broader 3 is what clues me into the limited potential. The initial retrace from the current high (see illustration) or these anticipated profit objectives will serve as a short term buying opportunity (swing trade). As of now, UNTIL the 90K support is broken, I would not be bearish. Look for supports to hold and confirmations to buy on smaller time frames. It is important to REALIZE that markets move in CYCLES. At some point this bullish cycle will complete and the next corrective cycle will begin. It may be hard to believe at the present time because news and general sentiment is continuously bullish. What will catch most people off guard is when the next cycle begins, it will seem like a normal pullback only this time will it not be followed by new highs. This is when the typical trader/investor gets married to the market because they refuse to adjust to the changing structure. And like over half of the marriages today, it will be costly. For me, the 90K break will confirm that the broader corrective cycle is in play. Thank toy for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
9
BITCOIN This is why $250k is a Cycle Top candidateBitcoin (BTCUSD) is now cruising on the Bull Cycle's most aggressive phase, the Parabolic Rally. We got the final confirmation as it broke above and now established the 1st Standard Deviation from Above (grey trend-line) of the Mayer Multiple Bands (MMB) as the new Support. Having already broken above the previous All Time High (ATH) Resistance, every time BTC flipped the 1st SD into Support while above the ATH, it hit at least the 2nd SD (orange trend-line) before the Cycle Top was priced. This level is currently at $181700 but rising along with the trend What adds a more specific dynamic to the potential Cycle Top though, is that during Bitcoin's 11-year Higher Lows trend-line growth, it posted rallies of at least +1719% on each Cycle. As the Cycles progressed and due to the Law of Diminishing Returns, this rally started lower each time. This shows the great significance of this rally and as a result, on the current Cycle with can estimate from its very bottom (November 2022). This suggests that we can reach at least $250k before or around the time the 2nd SD is tested. In addition, all Cycles have topped after the 1M RSI makes contact with its historic Lower Highs trend-line. So what do you think? Is $250k a strong candidate for a Cycle Top? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
13
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! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2
Bitcoin: Signs Of A Cycle High.Bitcoin could be developing a Wave 5 of a broader 5th wave which would complete an even larger Wave 3 (see monthly chart). IF this is confirms, it implies that a much larger corrective cycle (Wave IV) has a greater chance of unfolding. This corrective cycle can see price retest 70K and STILL BE WITHIN a bullish configuration. Such a move can take 6 months to a year to play out. While wave counts do not promise a high degree of accuracy, they can be helpful to estimate the amount of RISK in the future. Based on this wave count, I can at least conclude that current levels are EXTREMELY unattractive when it comes to putting new money to work in terms of investing. Some signs that point to a potential cycle peak: possible double top formation near the 100K area. A large outside bar formation (see arrow). Countless video titles on Youtube that push becoming a "millionaire" (this is a sign of extreme sentiment). Scammers on the rise literally pumping and dumping meme coins on Youtube streams. Michael Saylor's face on countless thumbnails. While many of these signs are not technical, they illustrate the sentiment of the retail investor and it is usually at these times when the market is MOST vulnerable to turning. This process is NOTHING new, but it can be observed in new ways thanks to the social internet. The outside bar that went from the all time high of 104K back to 91K (most of that move occurred within an hour), is a sign that much of this move is on nothing but hot air in my opinion. Yes it recovered, but all it takes is some unexpected catalyst to see the move stick the next time. While the trend has yet to change, this activity highlights the high degree of risk that is present at current levels. While there is never a bad time to invest, price levels are not created equal when it comes to RISK. I will ALWAYS say this at highs: these are prices to reduce risk, take some profits, or invest SMALL. Price action at current levels is ideal for short term strategies like swing trades, day trades, etc. The price area to be waiting for when it comes to putting larger amounts of new money to work is between the 80K to 70K area which is where the cycle low can establish itself while still maintaining a bullish outlook. IF 70K is compromised (it can happen) that would negate the broader bullish structure and expectations should be adjusted at that time. This is NOT a forecast, just a potential scenario to be prepared for. There is no way to forecast the future with any degree of accuracy. All it takes is an unexpected catalyst and everything changes overnight. Markets are highly random, so the ONLY factor we can control is the RISK we take. Imagine buying this on the 100K breakout, only to see a test of 90K area to follow. Why wasn't ANYONE forecasting that little move? Learn to measure and respect risk because "reward" is nothing more than a byproduct of good risk management. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
18
BITCOIN $BTCUSD | BITCOIN OVER $100,000 ! Dec05'24BITCOIN BITSTAMP:BTCUSD | BITCOIN OVER $100,000 Dec05'24 BITSTAMP:BTCUSD Trends: BITSTAMP:BTCUSD Weekly: Bullish BITSTAMP:BTCUSD Daily: Bullish BITSTAMP:BTCUSD 4H: Bullish BITSTAMP:BTCUSD 1H: Bearish BITSTAMP:BTCUSD rallied over $100,000 for the first time ever, and just recently price fell all the way to around $92,250. Unsure where BITSTAMP:BTCUSD is headed next but thought I'd throw my indicators and a few quick drawings on the charts. BITSTAMP:BTCUSD also has an ascending triangle pattern that could be a good opportunity for trade entries. BITSTAMP:BTCUSD pullback prices: Is a pullback to $69,000 heating up, here are my potential pullback areas: 91,500 90,500 85,500 77,000 72,000 69,000 This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, bitcoin, bitcoin price, bitcoin halving, btcusd, btc, BTC, BITSTAMP:BTCUSD , bitcointrades, bitcoinlong, btcusdlong, bitcoinshort, btcusdshort, bitcoinanalysis, bitcointrend, bitcoinrange, bitcointriangle, triangle, ascendingtriangle, chartpatterns, trianglechart, ascendingtrianglebreakout, chartpatternbitcoin, bitcointriangle, bitcoinhalvingschedule, bitcoinbreakout, bitcoinrange, bitcoinrangebreakout, triangularpattern, flag, bitcoinpatterns, bitcoinchartpatterns, btcpatterns, btctriangletrade, btctrianble, btctrend, btctrades, btclong, btcshort, btcrange, btcbreakout, btcbreakdown, bitcoinover100000, bitcoin100, bitcoinover100, onehundredthousand, bitcoinascendingtrianglepattern, bitcoinpullbacks, bitcoindrop, bitcoinpricerally
BITSTAMP:BTCUSD
by TonyAiello
BITCOIN Where were you when it broke $100000 ??It is officially history! Bitcoin (BTCUSD) finally broke the ultimate (until the next one!) psychological level of $100000. A price tag that was discussed as myth/ desire/ utopia not so many years ago. Perhaps the level that will go down in history as the future global currency's transition from its retail to the institutional phase (thanks Blackrock!) and on its way towards an eventual mass adoption (Amazon, X, Netflix and others are you listening?). Well this post isn't an analysis. It's a festive one, a well deserved round of victory for HODLers who ignored for so many year the pessimists, the negative ones, the "Bitcoin is a scam", "Bitcoin is a fraud", "Bitcoin is going to zero" ones and kept holding. And those who will keep holding until perhaps $1000000? Who knows? Who can now deny it?? Well, lets have it. In the future you are going to hear the following a lot. "Where were you daddy/ mommy/ grandpa/ grandma, when Bitcoin broke $100000?" Indeed, and it will be a valid question. This will be bigger than the classics of why didn't you buy Amazon, Google etc in the late 90s/ early 00s. Or Gold in the early 1900s (yes great grandpa, that's for you!). So let's wrap it up and this is a call for all of you to answer it and make a fun discussion in the comments section below: " WHAT WERE YOU DOING WHEN BITCOIN BROKE $100k??? " ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
20
Bitcoin is taking a breathWhile the whales are pumping alts to subsequently flush out the naive fools, bitcoin is taking a breath to break $0.1M. I believe we are nearing the bottom of bitcoin dominance among cryptocurrencies after the Wall st. takeover. All the cryptocurrencies that have managed to pump a little bit against BTC in the meantime will soon crash back down again and look for new lows in the BTC pair. Don't worry about fiat charts, compare to BTC! aLt SeASoN 💩? No, really don't! There is only bitcoin season, always has been. There is no cryptocurrency over five years old that comes close to ATH against Bitcoin. Stay humble, stack sats.
CRYPTOCAP:BTC.DLong
by liborbtc
2
BITCOIN Time your sells based on this chart.Bitcoin / BTCUSD closed November with the 1st convincing break out 1month candle over the ATH of the previous Cycle. According to the previous two Cycles, such breakout candle gives another 4 months at least before the rally peaks and corrects. The previous Cycles peaked 11 months from the breakout candle and the Cycle before that peaked in 7 months. This means that it is better to time the selling and exit in March 2025, regardless of what price BTC will be trading at the time. Technically it should be around $150000. Follow us, like the idea and leave a comment below!!
CRYPTO:BTCUSDLong
by TheCryptagon
BITCOIN $150k doesn't seem so unrealistic now, does it?Almost 4 months ago (August 14, see chart below), we made a bold prediction of a Bitcoin (BTCUSD) target at $150000 by early 2025, while the price was still at $60k: This was received with a lot of skepticism at the time but with the price now almost on the $100k psychological barrier, the idea looks more and more realistic. It is time to revisit this chart and made some slight modifications based on the price action that was followed. The price is now off the 0.786 - 1.0 Fibonacci range where it consolidated from March 2024 until October 2024. The enormous rise/ break-out is attributed of course to a large extent on the U.S. elections and the euphoria that followed. We are only 1 month outside this range and the price is already much higher. Last month's candle is very similar to November 2020 and May 2017. In comparison, that was when the most aggressive (parabolic) rallies of those Bull Cycles started. In 2017 from May to December, it was on a 71.5° angle. On the next Cycle from November 2020 to April 2021, it was on a 68.5° angle, i.e. 3° lower. If that's a progression by any means, then we can assume that the 2024 - 2025 parabolic rally could be on a 65.5° angle (-3° from the previous Cycle). That gives a potential target of $300k as early as May 2025, assuming we could have a Double Top Cycle as in 2021. In any case, it will be interesting to see if the current Cycle also makes a blow-off top (like the last two) outside/ above the Channel Up that started back on the December 2013 High. Unrealistic as it may seem now, the $150k Target is very plausible technically as it is just below the top of that multi-year Channel Up. If the $300k blow-off top (red Arcs) comes, then all the better, but a long-term investor may consider to start taking profits while the price is inside the Channel Up and starts being cautious once we break above it in the red Arcs. So what do you think? Do you view $150k as technically realistic as this pattern indicates? And if so, can Bitcoin even make a blow-off top near $300k? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
21
Bitcoin: Just Getting Started Again?Bitcoin has retraced to the 90K support (anticipated in my previous article) and is now attempting to retest the 100K high for the second time. Markets are mostly RANDOM, which means there are countless scenarios than can unfold from here. In this article I will focus on just TWO possibilities that I am anticipating for the coming week. The market chooses the outcome and it is our job to use available information to identify the market's intent. For me, that means using price action confirmation to improve probability and quantify my risk for whatever type of trade I am interested in pursuing. The amount of risk you are willing to accept is your responsibility from here. The first scenario is the Captain Obvious one. Price breaks the high of the yesterday's inside bar and tests the 100K level over the coming week. While this may seem great, IF there is no major catalyst behind this, the chances of a FAILED HIGH are significant. The previous retrace serves as a sign that momentum is slowing in general. IF a failed high (double top) appears and confirms, the next retrace can be substantial to the tune of mid 80Ks. This is not a forecast, it is a potential RISK you must accept from current levels. The other thing to consider is even if 100K is cleared, what potential does it have relative to this risk? With that in mind, if I were to do anything with this scenario it would only be on small time frames, because that is the best way to avoid the large magnitude risk while participating in whatever is left of this move. The second scenario is the retrace to the high 80's low 90K area for a failed low. This is more in line with the potential consolidation that appears to be developing (sub Wave 4 of 5?). IF Bitcoin offers this opportunity, along with the confirmation, it has a greater potential than the first scenario (inside bar). The arrows on the chart along with the lines illustrate the failed low scenario. This can be pursued on day trade as well as swing trade time frames. The confirmation at the second low is the key to entering this while keeping risk within reason. A few things to keep in mind about this environment: the catalyst behind this momentum is the U.S. election. Market cap is at all time highs for this sector. Most of the large cap alt coins have reached major resistance levels on weekly and monthly time frames, but nowhere near all time highs. The "experts" are once again all coming out claiming "this is just the beginning". A market testing major resistance levels AFTER sharp break outs is usually NOT "the beginning". In my opinion times like this are ideal for reducing risk or taking profits. I will always suggest this at cycle highs (just like in 2021). "Great" investing opportunities require long periods of WAITING and watching a market go lower and be completely off the mainstream radar. In this space, cycle lows can take a YEAR or TWO to play out. Alt coins are NOT long term assets, they are just a gamble. When asset bubble money flows, it often makes its way to complete nonsense which can be NFTs. Keep an eye in that area for the risk appetite overflow. This is NOT a game of getting "rich" as every single video on Youtube is claiming. It is a game of how much RISK you are willing to take. If you have no problem with a healthy retrace giving back 20%+, then by all means do what you have to do. IF you can't handle losing the money, then you are in the wrong game. There are infinitely more people in position to get rich from this entire space BEFORE you. Markets CYCLE from low to high, etc. Just KNOW the RISK associated with the part of the cycle we are in. Hint: When 5 waves can be counted, it usually means there is a greater chance of a coming corrective move. Just ask all the geniuses who bought the highs back in 21. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
21
BITCOIN TARGETING ALL TIME HIGHS - BTC LONG IDEAI projected and shared the idea that Bitcoin would reach $70,000 and potentially $73,000 within a few days. It happened in just two days! I hope you took the trade and made some profits, as I did. Now, I’m preparing to position myself with the expectation that we’ll reach all-time highs within a week or two. We recently broke a massive bearish trendline that has held since March 2024. Just before that, a daily demand zone formed, which helped break the trendline, making it a key area for me. Additionally, the equilibrium level of the bullish leg aligns perfectly with my point of interest. I expect the price to retrace to the daily demand zone, hit the discount Fibonacci area, test the trendline, and take off from there toward new all-time highs. Of course, I’ll be looking for lower time-frame confirmations before initiating a long position.
Long
by UA_CAPITAL
2
BTCUSD targeting 108000 on the next leg up.Bitcoin is trading inside a Channel Up, having just rebounded on the MA100 (4h). In the last 2 months, it accumulates on the same pattern, a Falling Resistance bottoms on an Arc and when it breaks, a rally delivers a new High. Trading Plan: 1. Buy on the current market price. Targets: 1. 108000 (dashed trendline). Tips: 1. The RSI (4h) gives a very clear buy signal when it breaks 35.00. Currently that shows that we've already bottomed. Please like, follow and comment!! Notes: Past trading plan:
CRYPTO:BTCUSDLong
by TradingBrokersView
1