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BITCOIN: First red day, on DAY 3!Hello traders and thanks for your constant support, please do not forget to like and comment the idea, it's very helpful and supporting for my constant work and progress. Bitcoin, it's currently establishing a template of pump and dump that I really like and already traded many times in the past few years, on several instruments. There is a good chance to complete the full pattern of pump and dump during the upcoming days. But let's see the overall weekly situation to understand better the thesis behind. Let's start quickly to say that the current week is INSIDE the previous weekly high low, meaning that I do not see weekly higher time frames involve in this move, as well because today we don't have any major red news on calendar, I would consider a potential short entry only an intraday position. Monday is the opening range of the week, it triggered HOD and LOD levels, closing in breakout short, inside the previous weekly high low range, shorts traders were involved in this specific day. Tuesday the market dumped back down into the low of Monday, failing the attempt to break lower, still we have shorts involved and potentially now trapped into the low of the week. Wednesday, day 3 of the week, we can see a three days dump and pump completed in the week, shorts from Monday are stopped out and long breakout traders are in the market, but once the HOW has been reached, is really important to understand the behaviour of price on that level. Thursday, long traders attempt in three pushes to break higher, basically consolidating up high and closing the day down, as a first red day. Today, Friday, the market placed a lower low into the yesterday low of day (which it could represent a weakness in the market) and currently pumping up into the current high of day / most recent swing high in the market. THESIS: -Short: this is my main thesis right now, I would like to see the market consolidating up high into the current HOD, starting breaking down in NY session for either a session scalp pump and dump, targeting LOD, and eventually trailing to further levels as breakout level of Tuesday high (because breakout traders long entered the market without any retest of that area), eventually closing of Tuesday and as well low of Wednesday, all these level can be very reactive. - Long: as always, I'm not here to make forecasting or prediction, but I'm only looking for setups in specific templates that play out over and over again. Bitcoin can still keep breaking higher giving a long trade back to the HOW, where the beginning of the dump started. In the next update, I will be showing the intraday overview.
PEPPERSTONE:BTCUSDShort
by GianniPichichero
1
BTC/USD "BITCOIN" Crypto Market Heist Plan on Bullish SideHi there! Dear Money Makers, Losers, and Robbers, 🤑 💰 Based on Thief Trading style technical analysis, here is our master plan to heist the BTC/USD "BITCOIN" cryptocurrency market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entrance. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy, cautious, and safe. Entry 📈: Acceptable anywhere; I advise placing buy limit orders within a 15-minute window. The entry for the Recent/Nearest Low Point should be in pullback. Stop Loss 🛑: Using the 4H period, the recent swing low Goal 🎯: 110,000 Scalpers, take note: only scalp on the long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style. I'll see you soon with another heist plan, so stay tuned 🫂
BITSTAMP:BTCUSDLong
by Thief_Trader
On the 4-hour timeframe, Bitcoin's On the 4-hour timeframe, Bitcoin's (BTC) current price of around $98,600 aligns with a potential short-selling setup targeting $92,000. Here's a breakdown: 1. Resistance: BTC faces selling pressure near $99,000-$100,000, a strong resistance zone established during its recent consolidation phase. 2. Momentum Indicators: Many technical signals indicate overbought conditions, suggesting a potential retracement. 3. Support: $92,000 represents a key support level, coinciding with previous buying interest and technical levels, making it a logical downside target. This trade would align with a risk-off strategy in the current environment, provided the trend sustains its bearish bias. Ensure stop-loss levels are set just above the resistance zone (e.g., $100,200) to mitigate risk. BITSTAMP:BTCUSD
BITSTAMP:BTCUSDShort
by TRADE_CENTER_1
Bitcoin BTC price movement forecast by the end of 2024 !📉 On December 5, 2024, set an absolute record for liquidations on the crypto market - $1.1 billion ($820 million longs + $280 million shorts), breaking the record of August 05, 2024, when it was $950 million. CRYPTOCAP:BTC price dropped to $89-90 thousand, depending on the exchange. Such a “helicopter” as on the OKX:BTCUSDT chart is launched when all indicators are “overheated” and the market needs to rest, but maintain the trend, i.e. the crypto market's up-trend. Fear and Greed Index - 71 (greed remains on the market) Given the fact that altcoins have barely reacted to the fall, we can assume that there will be another wave down. How do you feel about the option of #Bitcoin price movement $100k 👉 $84-85k 👉 $110k and this is all by the end of 2024 ?) P.S: also remember that on 18/12/24 the FOMC meeting is to be held, where the FED rate is expected to be cut by at least -0.25%. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
7
Market Outlook: Positive Trends in TRX/USDT Suggest Bullish!Hello Traders, Just Breaked The Resistance Zone And Taking Support And There is A Potiential Chance To Go Upside! We have one Resistance Zone, and 2 Supply Zones. The Price Breaked The Resistance Zone, And Becames The Support Zone, Take Entry While Retesting OR Pullback of The Move. Please Note That The Only Purpose of The Information On This Page is Purely Educational. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
Long
by SuccessStrikes
1
BTC TO REACH $108,350BTC is at an ATH, currently hovering at around $100k with a daily candle looking to close above the previous major resistance level of $99,485, turning that key level into a support for the future market. This is an area we should be wary of, considering all factors especially the volatility it will bring with mass liquidation as well as new entry's both short and long. From simple price action analysis there is confluence that the market can continue bullish, coupled with fundamentals revolving around BTC & crypto in general, i would say the market is still bullish. We were always going to see relief periods caused by liquidation and positions being closed & targets being hit so a pull back around $100k was always predictable as it is such an obvious target for traders. Now that the market is looking to close above the key level of $100k it does present certain opportunities. IMO there are multiple factors that point to a pull back to around the $96,755 area. The lower time frames indicate a confirmation in trend change as the 9/21 SMA's have crossed, the market is experiencing relief and the fib shows this level would complete a 61.8% pull back. There is also the possibility of a large amount if liquidity in this real in the form of retail traders stops being placed here from long trades after breaking the $100k level, it is possible the market makers will want to take these out before returning to a bullish state. Therefor if the market does pull back to the $96,755 level and reject the fib / key levels i would look to enter again into BTC for a clear push back through $100k with a target set at $108,350, taking % of profits along the way to reduce risk.
COINBASE:BTCUSDLong
by h77nry
US government scared traders, but investors aren't afraidHello, The US government moved 10K #bitcoin worth $963 million to Coinbase, which can fuel bearish pressure, but the market seems strong. I copied a relevant tweet into the chart. When Bitcoin inflow to exchanges goes up, the price usually goes down. It happened now. That's why the last five 4-hour candles print a bearish pattern. However, the market, according to the MACD, is still in a bullish trend. According to the Fear and Greed index, investors aren't afraid and most likely will exploit the bearish candle pattern to buy more in the bullish trend as the long position on the chart shows. The government's selling pressure will meet with investors' buying appetite. However, as long as the market remains this greedy, I don't see Bitcoin making new ATH. $99.8k might stay as a local top in the near future. So, in the upcoming week, I expect consolidation to unfold between the two white levels, $94.5k and $98.7k, in a price range marked by the white arrow, enabling large-cap altcoins to outperform Bitcoin according to the Large Caps phase of the Crypto Money Flow Cycle. The session volume profile further contributes to the idea of consolidation because there's much trading going on between the two white levels. The high volume above $94.5k is attractive to both buyers and sellers. That's why I believe the consolidation will unfold in this price zone. Regards, Ely
BITSTAMP:BTCUSD
by Elysian_Mind
100K The Countdown Begins- We are so close. - To every Bitcoin holder who has weathered the highs and lows, celebrated the peaks, and endured the troughs—remember, you are not just an investor. - You are a believer in a decentralized future, a pioneer of financial sovereignty, and a guardian of the idea that true value transcends borders, governments, and time itself. - Holding Bitcoin is not merely holding an asset; it’s holding a piece of the revolution that will shape generations to come. Keep the faith, for the future belongs to those bold enough to believe in it. Thank you to all my followers for constantly inspiring me to share more analyses. Your support means the world—love you all! PS : This isn’t an analysis. it's a heartfelt congratulations! Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
7
Bitcoin as Water. Will Bitcoin move towards less resistance?Hello, The volume profile of this chart with 4-hour candles indicates two levels where high trading interest can be found. One of these levels is the orange level, $91.5k, around which Bitcoin built a strong support zone. The other level is the red line, $98.5k, where BTC has a strong sell zone. I expect the price action to unfold between these two zones. You may ask which would come next. The current price, $97.1k, is closer to the sell zone than the buy zone. Hitting the sell zone requires less effort than falling into the buy zone. A few people observed that the market often moves towards less resistance. This lesser resistance is now moving into the sell zone. Furthermore, MACD goes up like a bullish trend, which means technicals contribute to BTC hitting the sell zone next time. The white trendline on the chart can act as additional support, which means for BTC to fall into the buy zone, it has to cut down the white trendline. Again, the less resistance for the price would be not to cut down the support trendline, but to pump into the sell zone, which is open from the bottom up without additional resistance standing in the way. Regards, Ely
BITSTAMP:BTCUSDLong
by Elysian_Mind
$BTC - Steeper correction if below $93500Hi guys! 👋🏻 🔔 Lacking momentum and liquidity and it's time for correction 🔔 I believe it's too early for $100K and time to get rest before the next run. 🔔 CRYPTOCAP:BTC couldn't get the $100K and with each try the daily close is lower than the previous one, which states that market might not be ready yet for a strong impulse. 🔔 The best scenario for #bitcoin would be to close below $93500 and go for a correction down to $80K, regain momentum and take over the $100K barrier. 🔔 Triangles could be tricky, so watch for a breakout before making any decisions. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:BTCUSDShort
by azizelliott
BTC Rising Wedge with Possible Bullish BreakoutIm posting this idea because the formation the price action is making is a rising wedge. This shape has a bias toward breaking down and forming new lows. In this case, the 50 simple moving average has managed to stay above the 100 simple moving average and the price has managed to hold above the 50 simple moving average. RSI is only 48 at time of publishing on the H4 Chart. I think BTC will break to the upside here and manage to print a price above 100k. Minimum target is 101,900 the 1.236 extension from previous High swing Low. Not financial Advice, do your own DD. Thanks for viewing the idea.
BITSTAMP:BTCUSDLong
by BallsOfSteel32
BTCUSD Bullrun: Is the Momentum Reaching Its Limit?BTCUSD's bullish rally has driven significant price appreciation, positively influencing the broader altcoin market. However, a closer look at the daily timeframe reveals critical resistance levels that may define the trend's next phase. Since 2020, BTCUSD has traded within a well-defined ascending channel. At present, the price is testing the upper boundary of this channel, a key resistance level. A decisive breakout and sustained move above this resistance could signal the continuation of the bullrun, potentially unlocking further upside. Conversely, if the resistance holds firm, the likelihood of a corrective move increases, with the next significant support level projected around $49.87K, aligning with key Fibonacci retracement levels. Traders should closely monitor price action, volume dynamics, and candlestick confirmations for further clarity. Maintaining disciplined risk management is essential as BTCUSD navigates this critical inflection point in its broader bullish structure.
BITSTAMP:BTCUSDShort
by AzrulAzir
Bitcoin Analysis: Two Key Demand Zones for Potential Bounce Bitcoin's price action currently hovers near critical areas of demand, suggesting two zones where buyers might step in to push prices higher. These zones represent areas of significant historical interest where demand has previously outweighed supply, potentially leading to a bounce: Demand Zone 1 - Immediate Support: This zone lies between $93,420 - $95,000 where Bitcoin recently found support during its last pullback. It aligns with a high-demand area on the chart, characterized by a cluster of previous rejections and consolidations. Buyers may look to defend this level as it coincides with key technical confluences, such as previous swing lows and trendline support. Demand Zone 2 - Deeper Support Level: The second demand zone is located between $91,850 - $90,800 marking a region where significant buying pressure previously triggered strong upward momentum. This zone is reinforced by a high-volume accumulation area and aligns with a critical Fibonacci retracement level. If the price dips to this region, it may attract long-term buyers aiming to capitalize on lower prices. Key Considerations: Price Reaction: Monitor how Bitcoin reacts as it approaches these zones; wicks and sharp rejections could signal strong demand. Volume Confirmation: Increasing buy-side volume near these zones will validate the strength of the demand areas. Risk Management: A sustained break below these zones may invalidate the bullish thesis, so stop-loss placement is crucial. These demand zones serve as key levels to watch for potential reversals, offering strategic entry points for traders looking to capitalize on a possible Bitcoin bounce If you're looking for the most accurate and reliable insights into Bitcoin's price action, my analysis is second to none. Follow my updates for consistent, actionable strategies that outperform the market.
Long
by XU99
1
Bitcoin Dominance Down and Alts PUMP!Bitcoin dominance or BTC.D has been on a rip for a while now but as we start to see more altcoins pump its fair to see the correlation of bitcoin dominance dropping. Sideways is also good, but if this looses the major support and starts to drop I expect to see further liquidity moving into altcoins at speed. Now it could bounce back up and continue higher, which would indicate the move for bitcoins not nearly over. I am keeping lots of alt-positions, taking profit in part on pumps but leaving some moon bags for when BTC.D eventually drops and alts go wild. NOT FINANCIAL ADVICE Happy trading
CRYPTOCAP:BTC.D
by NFVeej
Bitcoin's $92K Correction: A Deep Dive into the Real CulpritBitcoin, the world's largest cryptocurrency, has recently undergone a significant price correction, dipping below the crucial $92,000 level. While many analysts initially pointed fingers at the influx of Bitcoin Exchange-Traded Funds (ETFs) as the primary catalyst for this downturn, on-chain data paints a different picture. The Myth of ETF-Induced Selling Pressure The narrative that ETF inflows have been the primary driver of Bitcoin's recent price decline has gained traction in certain circles. However, a closer examination of on-chain data reveals a different story. • Long-Term Hodlers Remain Resilient: Despite the market downturn, long-term Bitcoin holders, often referred to as "whales," have shown remarkable resilience. These individuals, who have held their Bitcoin for extended periods, have not been significant sellers during the recent correction. • Short-Term Holders Under Pressure: In contrast to long-term holders, short-term holders have been more inclined to sell their Bitcoin, particularly during periods of market volatility. This suggests that the recent price decline may be more attributable to profit-taking by short-term investors rather than a broader market sell-off. A Normal Correction, Not a Bear Market It's important to recognize that the current price correction is a natural part of the cryptocurrency market cycle. Bitcoin has experienced similar corrections in the past, often followed by periods of consolidation and subsequent upward momentum. • Technical Analysis Suggests a Healthy Correction: A closer look at Bitcoin's technical indicators reveals a healthy correction. The Relative Strength Index (RSI) has dipped below the overbought level, indicating that the recent price surge may have been overextended. Additionally, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, suggesting a potential bearish trend in the short term. • Support Levels to Watch: Traders and investors should keep an eye on key support levels, such as the 100-day moving average on the 4-hour chart. If Bitcoin can hold above this level, it could signal a potential reversal of the current downtrend. The Future of Bitcoin: A Long-Term Bullish Outlook Despite the recent price correction, the long-term outlook for Bitcoin remains bullish. Several factors continue to drive the adoption and value of Bitcoin: • Institutional Adoption: Major financial institutions and corporations are increasingly recognizing the potential of Bitcoin as a valuable asset class. This institutional adoption is likely to fuel further price appreciation in the long run. • Deflationary Supply: Bitcoin's fixed supply of 21 million coins ensures that its value will appreciate over time as demand increases. • Global Economic Uncertainty: As global economies grapple with inflation and geopolitical tensions, Bitcoin's appeal as a hedge against inflation and a store of value is likely to grow. In conclusion, while the recent price correction may have caused some short-term volatility, it is important to maintain a long-term perspective. Bitcoin's underlying fundamentals remain strong, and the cryptocurrency is well-positioned to continue its upward trajectory in the years to come. Disclaimer: This article is for informational purposes only and should not be construed as financial1 advice. It is important to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.2
BITSTAMP:BTCUSD
by bryandowningqln