Bitcoin Head and Shoulders confirmed
Bitcoin Head and Shoulders confirmed, with a slight adjustment, that it targets approximately 81k, including my prediction of potential developments.
$88,770 will act as support since that was the RSI high using the 14 period and will receive a positive reaction, bouncing off the head and shoulders trend-line, then failing, and ultimately reaching the target of 81k. I believe we will test the November 5th election candle, which serves as a macro swing at the 68k range.
Bitcoinprice
#Bitcoin $BTCUSD [2 Marks 75-73k & 115k]CRYPTO:BTCUSD is anticipated to test the 75k : 73k zone where a huge demand is located whereoff it is anticipated to retest ATHs and probably break to 115k.
Closest demand is located at the breakout zone.
#Bitcoin #BTC #COIN #CRYPTOCURRENCY #CRYPTO #BITCOINPRICE #BTCANALYSIS #AHMEDMESBAH
Bitcoin Roadmap=>Short-term!!!As I expected, Bitcoin ( BINANCE:BTCUSDT ) once again attacked the 50_SMA(Daily) but failed to defeat it .
Bitcoin is currently moving near Heavy Support zone($95,000-$90,870) , Support zone($96,620-$95,520) and Potential Reversal Zone(PRZ) .
According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the main wave 4 . To confirm the end of the main wave 4 , we need to confirm the break of the 50_SMA(Daily) .
It also seems that Bitcoin in microwaves should experience an upward movement in the coming hours.
I expect Bitcoin to at least rise to the Targets I have specified in the chart.
⚠️Note: If Bitcoin goes below the 50_SMA(Daily), we can expect a break of the Heavy Support zone($95,000-$90,870).⚠️
⚠️Note: In general, the analysis is short-term, and holding a long position for targets above the Resistance zone($100,000-$98,130) is a little risky.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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2025 BITCOIN PRICE PREDICTIONBased on the current market, all the fundamentals and technicals considered i think BTC could hit $150,000 in 2025 on the next bull run, but first we need a large pull back to complete the fib's retracement levels.
On the monthly time frame the candle formations have started to clearly show signs of deceleration and liquidation as the market slows down, we also have a high test / reversal candle which does indicate the market could be starting to reverse which would make sense after a large pump like the one we saw to $100k, the market needs to offer relief and pull back.
On the weekly we have again signs of deceleration and a few recent candles that signal bearish momentum is incoming. All of this coupled with a large liquidation percentage as BTC famously hit $100k does clearly indicate a move on bigger time frames to the down side.
My target for the downside move / pull back is around the $71,000 level, this is due to this being the next major support level and it also aligns nicely with the 61.80% fib retracement level which adds some correlation to the strategy.
If we get this large pull back / dump to $71,000 i would expect BTC to reject the support / fib level, this area will attract a lot of attention from buyers / traders and will likely see aa large influx of liquidity to support a rejection and pump to the upside, this is likely the price area w would see BTC change it's trend from bearish to bullish.
The fib generates a potential target of $150,000 on this move which also aligns very nicely with a psychological level, a lot of traders will target / take profit at the $150k mark purely because it is a nice round number, similar to $100k.
Remember ALT's move in correlation to BTC, so if this move does play out it will also give us plenty of massive opportunities to get in on some good ALT's like SOL, ETH etc and catch the ride as they'll also pump with BTC, so if BTC creates new ATH's at $150k then so will the majority of the ALT coins.
BTC Needs to Test $80kThe key levels are marked on the chart to identify potential support and resistance zones. The price seems to be hovering around the 0.382 retracement level (~92,695), with a potential move downward. The price has broken below the cloud, which could be interpreted as bearish.
The downward trend is targeting the region around the 0.786 retracement level. This area could act as a potential support zone.
BTCUSD BITCOIN BTC/USD is presenting an ideal opportunity for a sell position if you're targeting a broader downtrend. Alternatively, traders can capitalize on the current market fluctuations with scalping strategies to secure quick, short-term gains. Always prioritize risk management and stay vigilant with your trading plan.
ADA/USD on high timeframe
"Regarding ADA, as anticipated in the previous analysis, the price broke through the $0.75 zone and experienced a sharp rejection. I foresee the price reaching a new higher high at $1.50. However, if the price closes below $0.70 on the high timeframe, this analysis may prove to be incorrect.
DECRYPTING THE TETHER FUD: Emergency Update!DECRYPTING THE TETHER FUD: WHAT IT MEANS AND HOW TO STAY PREPARED
##What’s Happening with Tether? A Simple Breakdown
Tether (USDT), the most popular stablecoin, is facing challenges in Europe due to new rules called Markets in Crypto-Assets (MiCA). These rules, starting December 30, 2024, require stablecoin issuers like Tether to follow strict guidelines, including getting an e-money license. If Tether doesn’t comply, it could be removed from European exchanges.
## Why Does This Matter?
- Less Liquidity: Tether is a major player in crypto trading. Losing it in Europe could make trading harder and more expensive.
- Market Panic: Big news like this can make investors nervous, possibly leading to a drop in prices across the market.
## What is Tether Saying?
Tether’s CEO, Paolo Ardoino, says this is all part of a “FUD campaign” (Fear, Uncertainty, and Doubt). He insists that Tether is working on meeting the rules and staying transparent.
## What Should You Do?
1. Spread Your Risk: Don’t rely only on Tether. Try using other stablecoins like USDC or DAI.
2. Stay Informed: Keep an eye on updates about Tether’s progress with the new rules.
3. Plan Ahead: Check which exchanges and trading pairs you can use if Tether faces restrictions.
---
The Bottom Line
Tether’s situation is serious, but there’s no need to panic. By diversifying and staying alert, you can protect yourself while the crypto market adapts to these changes.
Though these kinds of Tether fuds are generally considered to be the catalyst of altseasons, this could be the best time to be prepared.
If you have any serious questions, my comments are open, I will read you.
If you found this helpful, please hit that like button and share your views in the comments.
Thank you
#PEACE
BTC pullback before inauguration?Merryy Christmas guys and upcoming New Year!
Seems like we gonna meet New Year w BTC lower than100k...
Looks a bit scary, but here is in short what we have:
1) Daily MA cross. Which is bearish sign
2) Divergence between raising BTC channel and volumes
3) If the price will follow the red line move, it will form double top pattern 🥲
My expectations: I think we could correct to Fib zone around 0,236 (87k zone) and after we should check. But anyway seems like correction should happen before to continue growing and this we most likely gonna see after inauguration.
What you think guys? Help me dispel this scary picture 😅
BTC shows a 6% potential in the last 3 days of 2024.It seems we are back to the initial thesis, which is great since we already profited from the previous trade entry. Now, it feels like we’re seeing the same situation unfold again. Key indicators such as the Bollinger Bands, the 50-day moving average, the volume spikes from November 13th, sufficient corrections, and the support lines are all aligning similarly.
On a fundamental note, I’d like to add the following: with just three days left until the end of 2024, there’s the “Santa Rally” phenomenon, along with the prevailing sentiment in crypto communities that it would be exciting to close the year with BTC reaching $100k. Such a milestone could act as a psychological boost, potentially fueling a strong movement for the entirety of 2025.
The $100k level is also a significant psychological barrier. Taking all this into account, I believe this is a good opportunity to enter a position with the potential for short-term profit—up to 6%—over the next few days.
However, we need to take into account the 80% correlation with the S&P 500, which is currently at its peak levels. That said, hedge funds and institutional investors are closing deals to meet their KPIs, which could provide additional support.
Hopefully, this will sustain the overall positive vibe for the last 3 days of the year.
Yours sincerely,
Mister iM
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec27, 2024Technical Analysis and Outlook:
During this week's trading session, Bitcoin exhibited fluctuations within the newly defined Mean Resistance of 99500 and Mean Support of 91800. The analysis suggests a high probability that the cryptocurrency will experience a decline to the Inner Coin Dip 88500 prior to initiating a significant rebound. This rebound is expected to facilitate the re-establishment of its bullish trend. It is essential to consider that a rebound bull movement may indeed occur from the Mean Support 91800.
Tide Turning For Bitcoin? Reserves And Netflows Show ReversalBitcoin, the world's first and most well-known cryptocurrency, has experienced a rollercoaster ride since its inception. From its meteoric rise to its dramatic crashes, Bitcoin has remained a topic of fascination and debate for investors and financial analysts alike. In recent times, several factors have contributed to a sense of uncertainty surrounding Bitcoin's future, including regulatory scrutiny, market volatility, and concerns about its environmental impact. However, recent developments, such as increasing institutional adoption and positive netflows, suggest that the tide may be turning for Bitcoin.
Bitcoin Institutional Adoption Accelerates as ETFs Show Investor Appetite
One of the most significant indicators of Bitcoin's growing acceptance is the increasing interest from institutional investors. Traditionally, institutional investors have been hesitant to invest in Bitcoin due to its volatile nature and lack of regulatory clarity. However, as the cryptocurrency market matures and regulatory frameworks become clearer, more and more institutions are beginning to see the potential of Bitcoin as an investment asset.
This growing institutional interest is reflected in the recent surge in for Bitcoin exchange-traded funds (ETFs). ETFs are investment funds that track an underlying asset, such as a stock index or a commodity. They offer investors a convenient way to gain exposure to an asset without having to directly own it.
Recent Reserves and Netflows Indicate Market Reversal
In addition to increasing institutional adoption, recent data on Bitcoin reserves and netflows also suggest that the market may be reversing. Bitcoin reserves refer to the amount of Bitcoin held on cryptocurrency exchanges. A decrease in Bitcoin reserves indicates that investors are withdrawing their Bitcoin from exchanges, which is often a sign of accumulation and a bullish signal.
Netflows, on the other hand, refer to the difference between the amount of Bitcoin entering and leaving exchanges. Positive netflows indicate that more Bitcoin is entering exchanges than leaving, which can be a sign of selling pressure and a bearish signal.
Recent data shows that Bitcoin reserves have been declining, while netflows have turned positive. This combination of factors suggests that investors are accumulating Bitcoin and that selling pressure is decreasing. These are both positive signs for the Bitcoin market and could indicate that a reversal is underway.
Bitcoin Price Analysis: Navigating Volatility and Key Levels
Despite these positive developments, Bitcoin's price remains volatile and subject to market fluctuations
It has been noted a potential 'head and shoulders' pattern, a bearish technical indicator, which could lead to a significant price drop. This pattern suggests that Bitcoin's price could fall to as low as $80,000.
However, there maintain a more bullish outlook, emphasizing the importance of the $90,000 level. It is argued that if Bitcoin can maintain this level, it could pave the way for further price appreciation. Conversely, if Bitcoin fails to hold this level, it could trigger a sell-off and push the price down to $80,000.
Conclusion: A Cautious but Optimistic Outlook for Bitcoin
In conclusion, several recent developments suggest that the tide may be turning for Bitcoin. Increasing institutional adoption, as evidenced by the surge in Bitcoin ETF filings, indicates a growing acceptance of Bitcoin as an investment asset. Positive netflows and declining reserves further support this notion, suggesting that investors are accumulating Bitcoin and that selling pressure is decreasing.
However, it is important to remain cautious. Bitcoin's price remains volatile, and various factors could impact its future performance.13 The cryptocurrency market is still relatively young and subject to regulatory changes, technological advancements, and shifts in investor sentiment.
Therefore, while the recent developments are encouraging, it is crucial to approach Bitcoin with a balanced perspective. Investors should conduct thorough research, understand the risks involved, and make informed decisions based on their individual circumstances and risk tolerance.
Overall, the outlook for Bitcoin appears cautiously optimistic. The increasing institutional adoption, positive netflows, and declining reserves suggest that the market may be reversing. However, it is important to remain vigilant and adapt to the ever-changing dynamics of the cryptocurrency market.
Bitcoin (BTC/USDT) Scalping Sell Signal📉 Bitcoin (BTC/USDT) Scalping Sell Signal
✅ Suggestion: I anticipate a downward move for Bitcoin, aligning with the arrow drawn in the analysis.
🎯 Scalping Opportunity: A short-term sell position can be considered to capitalize on this expected drop. 🚨
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Bitcoin Hidden Head and Shoulder
Bitcoin has a hidden head and shoulders pattern with a high set and a lower high. Watch for the neckline to confirm with a close. My first measured target is the 76K-77K region, which has a gap for futures. However, I believe the final target is around November 5th, near the election day area.
BITCOIN - Time to be Bearish!The 3-day chart shows a bearish divergence on the RSI indicator.
-A bearish divergence occurs when:
1. Price Action: The asset's price forms higher highs (uptrend).
2. RSI Indicator: The RSI forms lower highs instead of following the price
This divergence suggests that the upward momentum is weakening, even though the price is climbing, which could lead to a potential downtrend or correction.
Based on this a drop to the 80k region is expected, which aligns with the 0.618 Fibonacci level.
This decline perfectly corresponds to the fourth wave of the Elliott Impulse Wave.
Afterward, a significant recovery is expected, representing Bitcoin's final bullish wave in the Elliott Wave cycle (the fifth wave)
My outlook for the chart suggests a decline starting now and lasting until mid-February at most
Best regards Ceciliones🎯
Bitcoin 1 hr possible scenarios 🚨 BITCOIN 1-Hour Analysis 🚨
Here’s what we’re watching:
📈 Upside Targets:
• TP1: 97400
• TP2: 99000
📉 Downside Targets:
• TP1: 95100
• TP2: 9400
TP3: 92500
Keep an eye on key levels and trade smart! 💹
What’s your take? Drop a comment below and share this with your trading crew! 🚀
#Bitcoin #BTCAnalysis #CryptoTrading #TechnicalAnalysis #TradeSmart
DAY 7 - Daily BTC UpdateThe Holidays have slowed the markets - for now.
I've introduced a third potential scenario for Bitcoin (BTC), which is bearish and might see the price retesting the DAILY 100 Moving Average near $80K. Although this scenario seems less probable given the current market sentiment, where large corporations and businesses are actively accumulating, it's crucial to consider all possible outcomes to avoid the pitfalls of an "up-only" mindset prevalent in bullish markets.
Remember, corrections are healthy and contribute to the robustness of the overall market pattern.
After yesterday's positive momentum shift, we've again seen a lull in the market and increased sell pressure as the US gears up for tax season. The recent price movements in Bitcoin indicate an adjustment to overbought conditions following the election, with technical indicators suggesting a continuation of the bearish trend in the short term unless there's a significant influx of buying support.
Keep an eye on these developments, as they could dictate the next moves in Bitcoin's price trajectory.
Trading Tip:
As we have no confirmed direction currently - One effective strategy during volatile periods like this can be the "Dollar-Cost Averaging (DCA)" approach. Instead of trying to time the market, you regularly invest a fixed dollar amount, regardless of the asset's price. This method reduces the impact of volatility by spreading out the purchase price over time. For Bitcoin's current scenario:
Set a regular schedule: Decide to buy a fixed amount of Bitcoin weekly or monthly.
Stay disciplined: Avoid investing more when prices seem low or less when they're high. Consistency is key.
Long-term perspective: DCA works best if you hold for the long term. It allows you to benefit from the average price over time rather than trying to predict short-term movements.
This approach can mitigate the risk of entering the market at peak prices and can lead to purchasing more units when prices are low, potentially lowering your average cost per Bitcoin over time. Remember, while DCA can smooth out the volatility, it does not guarantee profits and should be part of a broader investment strategy considering your risk tolerance and financial situation!
Thanks for following the 7 Days of BTC updates, and if you want these Daily - links are in my Bio :)
PRCL/USDT THE THE SKY IS THE LIMITPRCL/USDT SPOT update.
The main markets have experienced a breakdown trend, particularly since BTC's last trend shift.
PRCL/USDT is currently in a crucial support zone, which could be confirmed before 2025.
What happens if this support zone is confirmed before 2025?
It means the coin has the potential to break out, with a target price of up to $1. The coming 5 days can be important, after the data study of the last months. There is a signal of DCA data at the end of the month.
For day traders there is no reason to enter this coin until it is confirmed the $0,50 could become interesting for the break.
BTC Bitcoin Among My Top 10 Picks for 2025 | Price TargetIf you haven`t bought BTC Bitcoin before the recent breakout:
My price target for BTC in 2025 is $125K, driven by the following fundamental factors:
Regulatory Developments Favoring Adoption:
The anticipated regulatory shifts in the United States are expected to create a more favorable environment for cryptocurrencies. With the potential for pro-crypto policies under a new administration, including the establishment of Bitcoin as a strategic reserve asset by major nations, investor confidence is likely to increase significantly. Analysts suggest that such developments could drive the total cryptocurrency market capitalization from approximately $3.3 trillion to around $8 trillion by 2025, with Bitcoin poised to capture a substantial share of this growth.
Increased Institutional Demand through ETFs:
The launch of Bitcoin exchange-traded funds (ETFs) has already begun to transform the investment landscape for Bitcoin, making it more accessible to institutional and retail investors alike. Following the successful introduction of multiple Bitcoin ETFs in 2024, analysts project that inflows could exceed $15 billion in 2025, further boosting demand for Bitcoin. This increased accessibility is expected to drive prices higher as more investors seek exposure to the asset class.
Supply Constraints from Halving Events:
Bitcoin's supply dynamics are fundamentally bullish due to its halving events, which occur approximately every four years and reduce the rate at which new Bitcoins are created. The most recent halving in April 2024 has led to a significant reduction in supply inflation, creating scarcity that historically correlates with price increases. As demand continues to rise while supply becomes more constrained, this fundamental imbalance is likely to support higher prices.
Growing Adoption as a Store of Value"
As macroeconomic conditions evolve, including persistent inflationary pressures and potential monetary policy easing, Bitcoin is increasingly viewed as a viable store of value akin to gold. This perception is bolstered by its finite supply and decentralized nature, making it an attractive hedge against inflation. Analysts suggest that as more investors turn to Bitcoin for wealth preservation, its price could see substantial appreciation
Understanding Moving Averages (MA): A Beginner’s GuideMoving Averages (MA) are among the most fundamental and widely used tools in technical analysis. They smooth out price data to create a trend-following indicator, helping traders identify the direction of an asset’s trend over a specific period.
What is a Moving Average?
A Moving Average calculates the average price of an asset over a set number of periods. By doing so, it reduces the impact of random price fluctuations, providing a clearer picture of the trend.
There are two main types of moving averages:
Simple Moving Average (SMA):
The SMA is the arithmetic mean of prices over a specified number of periods.
Formula:
Exponential Moving Average (EMA):
The EMA gives more weight to recent prices, making it more responsive to price changes.
Formula:
Smoothing factor:
How to Use Moving Averages
Trend Identification:
Rising MA: Indicates an uptrend.
Falling MA: Indicates a downtrend.
Flat MA: Suggests a sideways or range-bound market.
Crossover Signals:
Golden Cross: When a short-term MA (e.g., 50-day) crosses above a long-term MA (e.g., 200-day), signaling a potential uptrend.
Death Cross: When a short-term MA crosses below a long-term MA, signaling a potential downtrend.
Dynamic Support and Resistance:
Moving averages often act as support in uptrends and resistance in downtrends. Prices tend to bounce off the MA during retracements.
Combination with Other Indicators:
Moving averages can be paired with RSI, MACD, or Bollinger Bands for better signal confirmation.
Strengths of Moving Averages
Simplicity: Easy to calculate and understand.
Trend Focused: Effective in identifying and confirming trends.
Versatility: Applicable to various timeframes and markets.
Limitations of Moving Averages
Lagging Nature: Moving averages are based on past prices, which can delay signals.
Less Effective in Sideways Markets: May produce false signals in range-bound conditions.
Best Practices for Using Moving Averages
Choose the Right Period:
Shorter periods (e.g., 10, 20) make the MA more sensitive to price changes, suitable for short-term trading.
Longer periods (e.g., 50, 200) provide a smoother line, ideal for long-term trend analysis.
Combine with Multiple MAs:
Use a combination of short-term, medium-term, and long-term MAs to understand different trends.
Context Matters:
Understand market conditions. Moving averages work best in trending markets and are less reliable in choppy conditions.
Example of Moving Averages in Action
Imagine a stock is in a clear uptrend, with the price consistently trading above its 50-day SMA. When the price retraces and touches the 50-day SMA but bounces upward, this can act as a signal to enter a long position. If the price breaks below both the 50-day and 200-day SMAs, it may indicate a trend reversal.
Conclusion
Moving Averages are a foundational tool in technical analysis that helps traders identify trends, dynamic support and resistance levels, and potential entry or exit points. While they are simple to use, their effectiveness improves when combined with other indicators and a solid understanding of market dynamics. As always, backtest your strategies and adapt your moving average settings to your specific trading style and market conditions.