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Bitcoin (Cryptocurrency)

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
18
Ethereum to 10KMy estimate is that Ethereum will drop more in the short term along with the altcoin market as a whole, towards some form of a liquidity sweep of the lows (yellow, because it is the next support area) before reclaiming the macro range eq (green). If this happens, I'd expect a consolidation near the range highs (Red), otherwise if it becomes an expedited recovery then we straight push all time high (very possible). This is ESPECIALLY expedited if we recover the EQ faster than this chart suggests. This is not a chart to display my time-prediction, but rather the structure of price I would predict on a macro scale which could easily be translated into a weekly timeframe. Question is, how low can we get involved for? I think we are short on time for that, as this prediction would give us traders more time than likely warranted. Remembering, we could be due for weeks of consolidation, therefore I personally DCA every chance I get; dollar cost average. If you compare this chart to, say, Bitcoin in 2016, the similarities are surreal. This is a macro (long time frame) consolidation before a major, major , expansion, in my opinion. Trade safely, trade wisely. Vatsik
BITSTAMP:ETHUSDLong
by cryptovatsik
BTC correcting, This isn't a crash smmfhCrash talk🫠 Talk of manipulation and fake outs should have been anticipated weeks ago. Markets refusing to react appropriately after consecutive weeks of high cpi readings and then a super hawkish Jerome Powell speech was crazy work. Bitcoin is still in bull territory for this consolidation range. 🫠 Many are calling crash already, lol. A 20% correction would be at 86k which is where the bottom of the consolidation is at on daily timeframe. That wouldn't even be considered a crash as 20% is normal for btc in bull environments. Areas of interets: Bullish mitigation block (the gray rectangle). Vwap: (green)Anchored below the Nov. 5th trump pump candle which is being tested 50 ema: (dark blue ema) being tested for first time on daily time frame 💡I also anchored a volume profile at the Nov. 5th trump pump and value area low also coincidences with the areas of interest. 💡Daily stochastic is oversold riding the floor and the daily rsi is below 50 with chance of making bullish divergences with prior lows
Long
by CryptoFuze
2
Bitcoin Analysis: December 23, 2024 - Consolidation or Rebound?Hello, this is Greedy All-Day. Let’s dive into the Bitcoin analysis for today. Weekly Chart Analysis Looking at the Bitcoin weekly chart, we can identify two main yellow box zones that represent Bitcoin’s historical trading frames. Currently, in the blue box zone, Bitcoin has moved into a new frame. Examining the weekly candles, we see that the current red candle is engulfing the previous week’s green candle. As the weekly close approaches in just a few hours, it is highly likely that this bearish engulfing candle signals a consolidation phase within the frame. If we look at the green box, a similar scenario occurred in the past: after a new high was reached within the previous frame, a bearish candle emerged, followed by approximately 9 months of sideways movement. While it is unclear how long the current frame will last, the appearance of this week's red candle is not a particularly optimistic signal for future bullish momentum. The red box, which has provided support since November 2024, becomes critical. A breakdown below this zone could signify a breach of approximately five weeks of sustained support, increasing the likelihood of retesting the weekly 20-MA or even breaking below it. However, since the red box zone has not yet been decisively breached, it is still possible for Bitcoin to move sideways within the current frame. For those holding long positions, there is no immediate cause for alarm unless the price breaks below 89,400 or fails to hold the support of the weekly 20-MA. If either of these scenarios occurs, it may signal a trend reversal. Keep this in mind as you approach your trades. Daily Chart Analysis The key level to watch on the daily chart is 89,400, which coincides with the entry zone for the Ichimoku Cloud. Since November, Bitcoin has not encountered significant resistance around the daily 20-MA. However, the recent resistance at this level suggests a weakening of bullish momentum. At this point, it’s crucial to determine whether Bitcoin will: Receive support and rebound above the key levels, or Retrace further to 73,800, which was the previous frame’s entry level, and test the short-term ascending trendline. 4-Hour Chart Analysis To confirm a rebound, Bitcoin must first establish a solid foothold above the 4-hour 20-MA. Although there was a brief attempt to break above the 20-MA on December 20, 2024, Bitcoin failed to sustain its position, leading to further corrections. This indicates that surpassing the 20-MA remains a priority before addressing resistance levels. The second critical level to monitor is 99,485, which currently serves as a resistance zone. A breakout above this level would indicate diminishing selling pressure. This would also confirm the current frame's significance as Bitcoin potentially targets the next key resistance near 109,000. Conclusion Is the market overheating, or is a rebound on the horizon? Despite years of observing charts, the emergence of new wealth in this market suggests we are experiencing unique dynamics. Opportunities always arise during cycles, but entering the market during periods of rapid growth often results in losses rather than gains. Sometimes, waiting can be the best strategy. I’ll continue to provide analyses to help guide your trading decisions. Please follow me for more insights!
by Greedy_allday
BTC/USDT: Breaking Free from a Descending Broadening WedgePattern Breakdown: Descending Broadening Wedge: Characterized by lower highs (LH) and lower lows (LL), this pattern reflects increasing volatility and a potential exhaustion of selling pressure. Historically, these patterns often resolve to the upside as buyers reclaim control. -------------------------------------- Current Structure: BTC has bounced from the lower boundary of the wedge, showing signs of a bullish reversal. The price action aligns well with the theoretical breakout strategy depicted in the diagram, highlighting a high-probability long setup. -------------------------------------- Key Levels to Watch: Immediate Resistance: The upper boundary of the wedge around $98,000 serves as the first hurdle. Breakout Target: A successful breakout above $98,000 could push BTC toward the highlighted supply zone at $101,200-$102,000. Support Levels: Critical support rests near $93,500, where bulls need to maintain control to preserve the bullish outlook. -------------------------------------- Momentum Indicators: Volume: A noticeable decline during the wedge's formation suggests consolidation, often preceding a strong breakout. Relative Strength Index (RSI): The RSI is turning upward from oversold levels, signaling increasing buying pressure. -------------------------------------- Trade Setup: Entry: Watch for a confirmed breakout above $98,000. Targets: The first target lies at $101,200, with the potential for further upside toward $105,000 if momentum sustains. Stop Loss: A break below $93,500 invalidates the bullish scenario.
Long
by melikatrader94
15
Bitcoin BEARISH 4 Hour Chart - Trend Line Support BrokeBitcoin has broke down through an important trend line support level on the 4 hour chart. It is currently in the process of re-testing the line before a continuation down again. It's possible that Bitcoin may gain short-term up to around $100000 before the re-testing is complete. Or it may just start falling like a rock before then. The trend line was tested multiple times and is a reliable signal of what is to come. This also agrees with my analysis on the weekly chart too. Both charts indicate a potential drop for Bitcoin to around $75000. Please note: this is a crazy world and anything could happen, but this is my analysis based solely on the chart. I would say the same if it were corn, copper, or whatever else. Be cautious buying Bitcoin anytime soon based solely on hype! As I said above, it could gain short term to re-test the line which is now resistance, but it will probably be short-lived.
COINBASE:BTCUSDShort
by EACoders
1
TRX Perfect Bat Harmonic, Complex Correction, Double BottomTRX has created several simultaneous buy signals here. First we have the perfect bat harmonic, then we have wisemen on multiple timeframes, in a grey zone on the 4hr, perfect double bottom breaking all lows expect the final low, short-term momentum divergences, and a solid diametric count with at least 5 of 7 waves being time similar. All of these signs are pointing to a bottom forming right now, meaning the lows should not be violated and TRX will go to all time highs from here. If we do make new lows it is probably a good idea to stop and reverse, and look for a new potential bottom. For now, all signs are pointing up, especially the longer-term count which has us beginning a supercycle this quarter.
CRYPTO:TRXUSDLong
by Intuit
2
BTC - This Christmas is NOT different!Hello TradingView Family, this is Richard, and I want to wish you all a Merry Christmas. I hope you enjoy this Christmas-themed idea.🎄 💡Can you spot a pattern here? As shown in my last two Christmas posts (attached to the chart), BTC broke out of consolidation and surged by around 70%.📈 I believe this Christmas will be no different. For the next bullish wave to begin, a break above the orange zone is needed, which aligns perfectly with the $100,000 round number. What do you think? Will this Christmas follow the structure of the past two years, or will it be different and lead to a deeper correction⁉️ 📚Always follow your trading plan regarding entry, risk management, and trade management. And Remember: All Strategies Are Good; If Managed Properly! Merry Christmas Everyone 🎄 ~Richard Nasr
Long
by TheSignalyst
49
Bitcoin Breakdown, Pi Cycle Top Projections, and USDT.D UpdateIn this video I break down what I'm seeing with Bitcoin and the possibility for an even deeper correction into the Green Buy-Block zones. I also revsit my Fibonacci projections for this cycle, with initial targets of up to $150k and ulitmately a $200k high target based on the 3.618 Fib retracement projection. There's confluence with these targets using the measured moves from the recent Bull Flag breakout as well. The BIG question is, where do we go from here? Here we check out the Pi Cycle Top indicator, and I make some potential projections... And propose the idea of a dual-cycle top, like we saw in 2013. It makes sense, that we see a Jan / February pump to new highs, followed by a recessionary bust in Q2 (March) into the summer and potentially into Q3. But then rally strongly up from there in Q4 as Oct, November and December are typically very bullish in a 4 year cycle. Either way, I think $200k is the cycle top, if we can get there. The USDT.D study has also been updated, to show 'sticky' support here on the lower trendline, allowing BTC to push higher again above $100k and even rally higher per above. But then we'll likely see a reversion to the mean, with the USDT.D and Total Market Cap / Bitcoin prices. Check out the video, and share some love with a Like, Comment, and Share. Best to luck to everyone! - Brett
BITSTAMP:BTCUSD
by BrettFogle
3
$BTC - Crucial Level We got a nice absorption into 92k, price rebounded with bullish flows in equities this brought back the passive buyer behind price. So far, we're holding 96k during the weekend, however, weekly close will be a tell-tell as we need to get above m_rvwap We're now rejecting at 98.5k and if we can't get above our m_rvwap , higher chance we'll slow bleed until 88k to 86k. 98.5k is a crucial level to reclaim in the short term, else, will consider this as bearish retest.
by Tealstreet
Has BITCOIN reached its maximum and is a bear market coming?To make a prediction about Bitcoin’s next rally based on historical patterns, we should first examine the overall trends and how these increases and decreases have evolved in percentage terms. Data observations: 337,000% increase -> 93% decrease Massive increase, followed by a steep correction. 61,000% increase -> 86% decrease Significant increase, but smaller than the first, and the decline was still close in percentage terms. 11,000% increase -> 84% decrease Smaller increase, the decline remains large, but slightly milder. 2,000% increase -> 77% decrease Significantly smaller increase compared to previous cycles, and the decline continued to moderate. Observing a descending pattern: The increases seem to be getting smaller and smaller with each cycle, and the decreases also tend to be less severe. This shows diminishing returns on increases and a reduction in market volatility. Estimate for the next increase: Given this pattern, the next percentage increase could be significantly smaller than the last one (2,000%). If we apply a progressive reduction coefficient, as was the case in previous cycles, the increase could be around: ~300%-500%. This would mean a maximum increase of 5x from the low of the last cycle, and currently we have an increase of over 600%, that is, 6x. Is this ATH in this bull market? To estimate the duration of the next Bitcoin uptrend, we can analyze how the duration of these uptrend cycles has evolved over time: Historical data: 240 days 730 days 850 days 1050 days Notes: The increase in duration between cycles is not uniform, but follows a general trend of extending duration. The duration increase intervals were: From 240 -> 730: +490 days From 730 -> 850: +120 days From 850 -> 1050: +200 days Analysis: The duration extension appears to be accelerating moderately, with an irregular but generally increasing trend. If this pattern continues, the next cycle could add between 200 and 300 days to the previous duration (1050 days). Estimate: The duration of the next cycle could be: ~1250-1350 days. This estimate corresponds to a natural extension of Bitcoin cycles, reflecting wider adoption and lower volatility as the market becomes more mature.
CRYPTO:BTCUSD
by Smaryo3001
4
Bitcoin's Bullish Cycle📊 Bitcoin is currently in a bullish cycle on the 4H timeframe. 🔑 The key resistance area is around $99K-$100K, with a potential next target at $107K, while strong supports are identified at $94K and $92K. ✅ A pullback to the Point of Interest (POI) is expected, after which, if buyers demonstrate sufficient volume, Bitcoin could initiate another upward leg toward $102K-$107K. ⚠️ Trading carries risk; ensure proper research and risk management.
by MonoCoinSignal
3
"Bitcoin to $13M per coin" - Michael SaylorBitcoin annualized performance is 60% on average Let that sink in Most traders trading Bitcoin aren't nowhere near that. 1. Introduction to MicroStrategy’s Bitcoin Strategy Michael Saylor began by outlining MicroStrategy’s decision to make CRYPTOCAP:BTC its primary treasury reserve asset. He explained that the company sees Bitcoin as a superior store of value and an effective hedge against inflation. Traditional fiat currencies, according to Saylor, are increasingly unreliable due to monetary policies that devalue them over time. By embracing Bitcoin, MicroStrategy positions itself as a pioneer in the corporate adoption of digital assets. 2. Leveraging Zero-Interest Convertible Bonds Saylor delved into MicroStrategy’s innovative financing strategies, particularly the issuance of zero-interest convertible bonds. These bonds, amounting to approximately $3 billion, were issued with a 0% interest rate. This seemingly advantageous rate is a result of high investor demand, driven by the value of the embedded call options within the bonds. The volatility of MicroStrategy’s stock, tied closely to Bitcoin’s price movements, makes these options particularly appealing. NASDAQ:MSTR volatility is about 2X the CRYPTOCAP:BTC volatility. Additionally, the bonds were issued at a 55% conversion premium, the highest for such instruments at the time, reflecting strong market confidence in the company’s strategy. Saylor explained that these zero-interest loans allow MicroStrategy to acquire CRYPTOCAP:BTC without the financial burden of servicing interest payments. This approach enables the company to maximize its exposure to Bitcoin while maintaining financial flexibility. 3. Current Bitcoin Holdings and Financial Impact Saylor provided an update on MicroStrategy’s Bitcoin holdings. As of November 2024, the company owns 279,420 bitcoins, purchased for a total cost of $11.9 billion, with an average acquisition price of $42,692 per Bitcoin. With Bitcoin’s price surpassing $90,000, the company’s holdings are now worth over $25 billion, representing more than a 100% return on investment. He highlighted how this significant appreciation in Bitcoin’s value has bolstered MicroStrategy’s market capitalization and increased shareholder value. The company’s bold approach has attracted considerable attention from institutional investors and positioned it as a leader in the corporate adoption of Bitcoin. 4. Future Outlook for Bitcoin Saylor expressed an extremely bullish outlook for Bitcoin, suggesting that its price could rise to $13 million per coin in the long term. He emphasized that Bitcoin’s fixed supply and growing adoption make it an inevitable cornerstone of the global financial system. Saylor believes that Bitcoin’s value will continue to increase as more institutions and individuals recognize its potential as a store of value and an inflation hedge. He also addressed the regulatory landscape, noting the challenges posed by governments and central banks. However, Saylor remains optimistic, arguing that the decentralized nature of Bitcoin makes it resilient against such challenges. 5. Critique of Traditional Financial Systems Saylor criticized the inefficiencies and risks of traditional banking systems and fiat currencies. He explained that central banks’ monetary policies, such as excessive money printing, erode the value of fiat currencies, making them unreliable for long-term wealth preservation. Bitcoin, on the other hand, offers a decentralized and deflationary alternative that protects against these risks. He also argued that Bitcoin’s adoption is inevitable as it offers a superior solution for wealth storage in a digital, globalized world. Saylor positioned Bitcoin as a foundational technology for financial innovation. 6. Strategic Vision and Long-Term Commitment In closing, Saylor reaffirmed MicroStrategy’s long-term commitment to Bitcoin. He emphasized the importance of maintaining a forward-looking vision, especially during periods of market volatility. For MicroStrategy, Bitcoin is not merely an investment but a strategic asset that aligns with the company’s core mission of creating and preserving shareholder value. Saylor ended by encouraging other companies and investors to consider adopting Bitcoin as part of their long-term strategies, arguing that early adoption offers the most significant rewards. He underscored the transformative potential of Bitcoin, not just for corporations, but for the global financial system as a whole. 7. LONG AND STRONG Critics of MicroStrategy’s aggressive Bitcoin strategy raise valid concerns, particularly regarding market volatility, regulatory risks, and the company’s reliance on debt to fund its investments. However, it’s important to understand the rationale behind Michael Saylor’s approach and the broader context of Bitcoin as a financial asset. Saylor’s strategy reflects an unwavering belief in Bitcoin’s long-term value as a hedge against inflation and a superior store of wealth compared to fiat currencies. His boldness in using innovative financial instruments, such as zero-interest convertible bonds, demonstrates his deep understanding of both financial markets and the transformative nature of Bitcoin. Saylor’s intelligence and foresight cannot be underestimated. He is betting on a paradigm shift in global finance, and institutions like pension funds, BlackRock, and other financial powerhouses are beginning to adopt similar strategies, reinforcing his vision. CRYPTOCAP:BTC is not a speculative, short-term investment; it is a long-term play. The minimum recommended investment period for Bitcoin should be 10 years, while the optimal strategy is to hold it indefinitely. Selling Bitcoin prematurely undermines its potential as an asset designed to preserve and grow wealth in an environment where politicians and central banks continue to print money, devaluing traditional currencies. Betting against Saylor and Bitcoin is betting against a future where decentralized, deflationary assets redefine the financial system. As Saylor often emphasizes, Bitcoin’s fixed supply and growing global adoption make it an asset poised to appreciate forever, rewarding those with the patience and foresight to hold for the long term. Thank you for reading Daveatt
NASDAQ:MSTRLong
by Daveatt
Bitcoin is Ready to Pump Again==>>Short-termBitcoin ( BINANCE:BTCUSDT ) moved as I expected yesterday. Bitcoin is moving near the Ascending Channel's lower line , Support lines , and Potential Reversal Zone(PRZ) . According to Elliott's wave theory , Bitcoin seems to be completing wave 5 . I expect Bitcoin to rise again from the Potential Reversal Zone(PRZ) and Support zone($95,000-$93,500) . ⚠️Note: If Bitcoin breaks below the Support zone($95,000-$93,500), there is a high probability that Bitcoin will go below $90,000.⚠️ 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 Bitcoin Analyze (BTCUSDT), 15-minute 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.
Long
by pejman_zwin
22
TAOUSDT, The only setup you need. TAOUSDT / 1D Hello Traders, welcome back to another market breakdown. The utility coins market shows strong bullish momentum in the current Crypto cycle, breaking through key resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for confirmation into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: 1- Mid of the range 2- Higher quarter 3- New all-time high Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Long
by BTM-LEO
9
When and Where this Bull Market Ends / BTC.D and TOTAL3 BehaviorCRYPTOCAP:BTC.D Bitcoin Dominance and Alt Season Trigger: The chart indicates that when Bitcoin Dominance reaches around 59%-64%, there’s a high chance of an BTC dominance market correction. This level often signals the end of a Bitcoin rally and the start of funds flowing into altcoins. You can use this dominance level as a timing signal to anticipate the start of the next alt season. Historical Patterns and Timelines: Key vertical markers show important dates from past cycles, such as 2018, 2021, and projected points for 2025. These points highlight recurring patterns that can help forecast the end of the current Bitcoin rally. TOTAL3 Index Trends Relative to BTC: The TOTAL3 index (all altcoins excluding BTC and ETH) shows that after Bitcoin Dominance declines, TOTAL3 often experiences a sharp rise. This pattern has repeated in previous cycles, hinting at a potential similar move in the upcoming alt season. Bitcoin Price Rallies and Corrections: The lower chart shows Bitcoin's bullish and bearish phases, typically lasting between 450 to 550 days. This timeframe can help estimate the remaining duration of the current Bitcoin rally. Future Predictions: Based on the chart, Bitcoin Dominance is expected to reach critical levels again in 2025, potentially marking the start of the next major alt season. While this timeline depends on market conditions and investor behavior, it offers a general framework.
CRYPTOCAP:BTC.DShort
by CrazyS