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Bitcoin-btcusd

Major Resistance After rejecting off the L1 ( white line ) in the second week of January @48k my next target by default is the L2 ( red line ) @30k by the end of Q2 or beginning of Q3. These support & resistance levels are calculated using my proprietary tool called LifeLines. Think of them as moving averages on steroids. I doubt that this happens but in the case that we close the month of February above 48k then I will be waiting for a closure below again before entering another position. In other words I am very confident that we will see a greater pullback before continuing the greater trend to the upside. Stop loss @49k
BNC:BLXShort
by TheBossssss
3
BITCOIN - Latest Price Target Revealed - Video Coming Soon...Based on my recent research and analysis, I anticipate Bitcoin to attain a remarkable milestone of $289,000 during this bullish phase. However, while this figure is indeed impressive, other cryptocurrencies may yield even higher percentage gains. Yet, the crucial query remains: what unfolds once we reach this pinnacle? Stay tuned as I plan to release a comprehensive video addressing this topic in the upcoming days. Every content shared on this channel adheres strictly to the AriasWave methodology, a distinct and highly accurate approach diverging from the traditional Elliott Waves technique. This methodology, refined over nearly a decade, is now yielding increasingly precise results, with a singular objective: maximizing profits while simultaneously educating a broader audience. As its effectiveness becomes evident, the ultimate aim is to empower as many individuals as possible with its insights, fostering financial success and knowledge dissemination.
Long
by AriasWave
BTC/USD - MAJOR BREAKOUT. 69k NEXT or ATH! Bias: Bullish Key support: 48k Key resistance: 58k, 69k (ATH) Bitcoin broke above 50k and made a new high in 2024! In the process, it turned the resistance at 48k into a key support after a successful re-test last night. Next targets are 58k and 69k ,with the latter being the ATH. This price action is making even the most optimist bull look conservative. Bitcoin is less than a 40% pump from ATH and we barely entered the second month of the year! At this rate, BTC can easily break ATH levels BEFORE the halving in April. I don't know how this year will end, but so far it has exceeded my expectations. Part of the reason for this performance can be credited to the ETFs that have been buying over $500 mil in BTC per DAY! Only yesterday, ETFs dropped $630 mil into BTC. The price action is not shy to show this. In my opinion, the resistance at 58k is not that relevant. All eyes are now on the ATH target at 69k. Historically, that will lead to a pullback as trades will take profit around that level. Exciting moments in the market! Hit a follow on for more TA updates. Thanks for reading and leave a comment below. Duo
COINBASE:BTCUSDLong
by DU09
6
BITCOIN $BTCUSD - Nov. 20th, 2023BUY/LONG ZONE (GREEN): $35550 - $49240 DO NOT TRADE/DNT ZONE (WHITE): $30320 - $35550 No sell/short zone shown. The market has a clear bullish sentiment and I would not look to enter shorts here. I've drawn the levels and zones (from the daily and weekly frames) that I would look towards when entering. Price reaction to these areas would be significant in determining the trend. Recently BTC has shown strong bullish momentum in respect to the most recent level/zone break. The current test on the next level is the third one in less than two weeks. Although there is resistance to the level, there have been no large structural breakdowns and entering into the third test we see support on the 4H level combined with an ascending triangle. 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!
BITSTAMP:BTCUSDLong
by TonyAiello
1
Update: BTC near Golden Crosses & ResistanceBitcoin is very near golden crosses of its 50/200 MA (dotted lines) and EMA (solid). It is also just below resistance. If it is going to get a re-test near wedge top, where it broke out (green wedge), or near the 50 MA or EMA, it'll happen soon. It could just run to ~26 and ~30k, get those golden crosses, get above resistance and head towards double-top targets, but a re=test near top of wedge could lead to an inverted head/shoulders formation that would give us higher targets above resistance, near ~33-37k and provide a new buying opportunity that takes us closer to next halving and lead to a higher high, possibly even a new ATH. Inverted HS might look something like this: Related chart ideas linked below.
INDEX:BTCUSD
by dudebruhwhoa
3
BITCOIN to 40k or 69k?Bitcoin (BTCUSD) has been trading within a long-term Channel Up pattern since the November 21 2022 market bottom. The price broke today above the psychological level of $50000 and is about to touch that very top (Higher Highs trend-line) of the Channel Up. As the 1D RSI broke above its 4-month Lower Highs trend-line and is largely overbought near 80.00, this technically resembles the same break-out of June 23 2023. As a result, as long as the 1D candles close within the Channel Up, BTC could pull-back to a 'fair' value near $40000 and the 1D MA200 (orange trend-line) above the 0.382 Fibonacci retracement level. Time-wise it would be ideal to reach that level before April's Halving and start attracting long-term buying interest then. If however a 1D or even better, a 1W candle closes above the Channel Up, we will turn again largely bullish on the medium-term break-out as we can see an price action resembling the short-term Channel Up that started on October 24 2023 that paved the way for the December 08 2023 High. That High was on a +79.77% rise from the September 11 2023 Low, the last technical Higher Low of the Channel Up. A new +79.77% run from the recent January 23 2024 Low would peak marginally above $69000, which in that case will be our Target. Which scenario do you think is more likely to prevail now? 40k or 69k? 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
9
Bitcoin's Next Huge Move: Must watch! 🐉🎆 Bitcoin's Monumental Path in the Year of the Wood Dragon 🚀💹 🎊 Celebrating New Beginnings Hi everyone! As we delve into Bitcoin's current trajectory, let's not forget to extend a warm Happy New Year to our friends in Asia celebrating the year of the wood dragon. This occasion isn't just about cultural festivities; it's a beacon for significant shifts in the crypto landscape. Drawing inspiration from the wood dragon's favor towards the rooster, we're navigating through the intertwined dynamics of political landscapes and market directions. 📈 A Look Back at Prophecy Fulfilled Reflecting on the prophecy I shared back in January 2023, during times rife with fear, uncertainty, and doubt (FUD), we highlighted a pivotal breakout pattern for Bitcoin. This "one, two, three" sequence has proven its mettle, reinforcing the forward-looking essence of the market. Amidst skepticism surrounding Bitcoin's valuation, our analysis foresaw the normalization of CPI and an amelioration in inflation rates, painting a bullish scenario for Bitcoin. The journey since has been nothing short of remarkable, affirming the resilience and prescience of our forecasts. 🌐 Navigating the Current Landscape In the recent unfolding of events, Bitcoin encountered a notable setback following ETF approval, set against a backdrop of geopolitical strife and regulatory tumult. The Bitcoin community's response to actions from figures like Biden and the SEC paints a complex picture of the challenges and influences at play. 🔍 Technical Analysis: Anticipating the Next Big Move Our technical dive reveals an impending third test of a critical resistance level, as denoted by the "one, two, three" pattern. Despite a straightforward approach to charting, the precision and effectiveness of our predictions stand strong, with Bitcoin facing the anticipated rejections and gearing up for a pivotal next phase. 📊 Forward-Looking Projections Looking forward, the possibility of Bitcoin revisiting lower support levels cannot be overlooked, emphasizing the need for strategic positioning and readiness. This analysis not only underscores the importance of historical resistance and support levels but also charts a forward-looking projection for Bitcoin's valuation, harboring an optimistic stance for 2024. 🚀 Conclusion: Embracing the Volatile Journey Ahead As we embark on the volatile yet promising journey through the year of the dragon, the melding of astrology, political dynamics, and market movements presents an enthralling narrative for Bitcoin's path forward. Amidst prevailing uncertainties, our dedication to delivering insightful analysis and strategic foresight remains steadfast, ready to embrace the next chapter in Bitcoin's evolution. One Love, The FXPROFESSOR 💙
by FX_Professor
9
BITCOIN - My Thoughts On The Current Waves...In this concept, I share my viewpoint on the present condition of the waves. It's not a short trade suggestion yet, but rather an observation of what I perceive to be happening. I unmistakably detect a sense of frenzy at the peaks, whether it's through comments or news pieces regarding cryptocurrency. Market behavior consistently mirrors the collective psychology of its participants. While I suspect we might be at or nearing a peak, further confirmation is needed through the breach of a couple more key levels. A drop below $47,643 and $46,792 should offer the initial indications required. Additionally, I delve into the broader pattern and its defining characteristics.
by AriasWave
1