Who is Michael Saylor?There are 3 paths I see from here:
Black path/arrow = initial bounce followed by lower low (36-38k) before continuing higher (most likely)
Green path arrow = initial bounce followed by higher low before continuing higher
Grey path/arrow = run directly to make higher high from here (least likely)
- One common denominator in all 3 of these paths - we will get an initial bounce to 44400-48000 by Feb 14 2024. 44.4k-48k is my initial target.
- At that point it will run into selling pressure (red funnel off recent peak) and start pullback. The extent of that pullback will determine the next move higher.
~ if it takes black path it will find buyers at 36-38k and then bounce to 48k-51k
~ If it takes green path it will retrace to around 41k-43k and then rally to 51k-55k
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Some comments on the summary above:
- The bulk of this initial bounce to 44.4k-48k will take place early this week (1/29-1/31)
- The pullback from initial target will take shape in late Feb 2024 - early March 2024
* Wait to go long after the pullback to catch bigger bounce/rally that will follow. i.e., run to 48k-55k by late March 2024 - early April 2024
~If this initial bounce breaks above 48k then it will take the solid grey path directly to 51k-55k by end of Feb. 2024.
Bitcoinusd
Powerful BitcoinI wonder how come you don't follow me?
Please follow me and like the posts before starting to read this analysis. If you have any questions, you can send me a message in the private message section.
Well, according to the previous analysis, we saw a downward fake failure in the chart, which we could recognize as a fake failure using the indicators. Now it's back in full force. I will wait for my target, which is the price of 44200. What do you think about this topic?
Bitcoin USD Dollar AnalysisIn the following chart on BTCUSD I'm trying to visually breakdown and identify certain emotional patterns that triggered break-outs. These patterns turn from resistance into support and seem to somewhat repeat. Could we see a similar H&S structure on this current local top?
I'm no fortune teller, but with a good risk-management and strategically put positions we can trade the speculation in a high reward opportunities.
May the trades be with you, TheTrex.
Solana Technical ShortHello guys, everyone who has followed me long enough knows that 99% of my trades are backed by economic data, news, or fundamental analysis, but this one is not the case.
This is purely a short-term trade with high probability since Bitcoin is down for the day as the time of writing and there is a good chance that #sol will reverse and follow the main index(BTC).
I am a fan of Solana and am sure it will be worth much more soon.
The Technical analysis is as simple as possible; the easier it is to implement, the better it works. There is no need to have 10 indicators on your chart distracting you from the essence.
Comment your opinion on the crypto market and let's have a nice discussion:
Bitcoin will FOOL YOU : DON'T let them fool you IF bitcoin stay below 40K for 24 hour that mean we will dump to 37500 $ and this area very important area and my analysis say 37500 area will change the direction to bullish and will get Hugh Bumb after consolidation because the RSI indictor will be below 30 and that mean the price in oversell on daily timeframe
BTC WEEKLY - Target Zones to WATCH👀📉Hi Traders, Investors and Speculators of Charts📈
BTC is approaching the halving, during which the price usually fluctuates wildly as volatility and volume show up.
For any given dip, I don't expect us to break the white diagonal trendline (which validates higher lows).
When the price trades in a tight range, it's helpful to follow the classic rule of "buy on support and sell at resistance".
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BTCUSD keylevelHi,
At my previous analysis "click here" ,
We have a strong minor support, but its already broken.
the one and only support we have left at $40.213.53
if this support broken, bearish will continue to reach major support at $30,475
and if it happen, alt coin will be at red zone again.
Bullish will happen only if $43,655 broken up with target at 49,000-50,000 around channel up resistance.
Are you bullish or bearish?
share your opinion and your analysis at comment below
BTC 24H Upside Potential ☀️; 🌧️ & Downside Risk in 3 DaysLittle has changed over the past 24 hours in the cryptocurrency market after the long-awaited approval of 11 spot Bitcoin exchange traded funds (ETFs) in the US last Wednesday. The price of Bitcoin was unchanged over the past 24 hours at roughly 42,900 dollars.
Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with a bullish sun shining over Bitcoin, Ripple’s XRP and Binance Coin. Bearish clouds linger over altcoins such as Ether, Cardano and Avalanche.
Over a one-week horizon, these cloudy skies will also prevail over Bitcoin and XRP, signaling downside risks. This bearish trading trend will extend over Ether, Litecoin, Cardano and Avalanche.
The next catalyst expected to push Bitcoin higher is its upcoming halving in the second half of April.
Patiently waiting for correction to be complete...Trade spot or perpetual BTC, ETH, AVAX and other top cryptocurrencies with up to 50x leverage directly from your wallet on Arbitrum and Avalanche.
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Where will the next Bitcoin price move?In 2023, the Bitcoin price followed a steady upward trend. This trend can be well "packaged" in a channel.
Where do you think the BTC price will go in early 2024?
The beginning of a correction with a final target of $32000-32500
or
Continued "creeping" growth to the $50,000 area
Pls, writing your opinions at the comments
BTCUSDT Soars by 111.86%, Reaching $49,027! 🚀#BTCUSDT
VIP Spot 🔥🎯
All Targets: done✅
Entry price: 23141$✅
Price reached : 49027$ ✅
Profit: 111.86% ✅🚀🚀🤑
In an impressive surge, the cryptocurrency BTCUSDT has experienced a substantial gain of 111.86%, achieving a noteworthy price of $49,027. This remarkable ascent has garnered attention, showcasing the cryptocurrency's potential for significant profits. Stay tuned for further market developments as BTCUSDT continues its upward trajectory. #BTCUSDT #CryptoSurge 📈
$BTCUSD Bull Flag With Bullish ConsolidationBITSTAMP:BTCUSD Bull Flag with Bullish Consolidation. Our Algorithm had a buy alert on 9/28/23 a close below our Dynamic Support Level Green Line may end the up trend. In technical analysis, a bullish consolidation refers to a period of price movement in which an asset's price temporarily slows down or moves within a relatively narrow range after a prior upward trend. This consolidation phase is considered "bullish" because it often precedes a continuation of the uptrend. Here are key characteristics and considerations related to bullish consolidation:
1. **Previous Uptrend:** Bullish consolidation typically occurs after a sustained upward move in the price of an asset. It serves as a pause or a brief period of rest within the broader upward trend.
2. **Sideways Price Movement:** During the consolidation phase, the price tends to move horizontally or forms a pattern such as a rectangle, triangle, or flag. This sideways movement reflects a balance between buying and selling pressures.
3. **Decreased Volatility:** Volatility often decreases during bullish consolidation compared to the preceding uptrend. This reduction in price fluctuations suggests a temporary equilibrium between buyers and sellers.
4. **Support Levels:** The lower boundary of the consolidation pattern often acts as a support level, preventing the price from declining significantly. Traders may look for buying opportunities near this support level.
5. **Continuation Pattern:** Bullish consolidation is considered a continuation pattern, signaling that the market is taking a breather before potentially resuming the prior uptrend.
6. **Volume Analysis:** Traders often analyze trading volume during the consolidation phase. A decline in volume may indicate reduced interest or participation in the market, while an increase in volume at the breakout could signal renewed momentum.
7. **Breakout Potential:** The end of bullish consolidation is marked by a breakout, where the price surpasses the upper boundary of the consolidation pattern. This breakout is seen as a signal that buyers are regaining control, and a new upward move is likely.
8. **Target Price:** Technical analysts often use the height of the consolidation pattern to estimate a potential target price for the breakout move. This can provide a rough measure of the expected price increase.
It's crucial to remember that while bullish consolidation patterns often precede upward movements, no technical pattern guarantees future market behavior. Traders and investors typically use a combination of technical and fundamental analysis to make informed decisions. Additionally, risk management strategies are essential to navigate market uncertainties.
The Bitcoin Triangle: In the Midst of a Fundamental TsunamiHard to not draw when its already outlined for you. Market manipulation is probably most prominent in the crypto sphere and notably with Bitcoin. It is the breakout trader, the technical analysis pioneer, that is the target. Give them an image, that creates a bias, a bias strong enough for them to enter the market with conviction (in the form of leveraged positions) and the self fulfilling prophecy will occur. Breakout or fake-out, stop losses will be taken out, by the crypto whale like plankton in the gambling ocean of retail traders in motion.
Regardless looks bullish. Doesn't it?
RUNE 2023 - BTC 2019 (COMPARISON) part 1RUNE 2023 - BTC 2019 (COMPARISON) part 1
you can clearly see what im doing here, hard to tell where horizontal price levels (unfortunately) are as rune has exaggerated pumps compared to btc.. but the basic shape is there.
momentum shapes are the same, thats good. if this fractal is true its one more leg to go then its cool off for the whole market.
gl
Bruh! The SEC's is Cap! Let Bitcoin be great.Yo, for real! SEC's on that cap game, ain't no denying. They talk big, but we know it's just a front. Gotta keep our eyes peeled for what's really goin' down in these financial streets, bruh!
On some real talk, let Bitcoin do its thing, but how it moves in the next few moves is crucial. Stay on point, no need for catchin' up if you stay ready. That's just how the game flows, my bad, but you know we gotta stay sharp to roll with the young ones.
As a Washington, D.C. native, I have closely observed the gradual and deliberate turning of the wheels of the political bus. Progressing at a pace that gently murmurs 'slow, slow, slow,' this rhythm resonates profoundly among those who consider this city their home.
It is noteworthy that the SEC is slated to render a decision on the spot Bitcoin ETF proposal put forth by ARK Invest and 21Shares on January 10. Vigilance is advised, anticipating a potential surge in volatility post the SEC's disclosure. Maintain stringent adherence to risk management protocols, uphold trading regulations, and safeguard against emotional influences. Wishing you the best of luck until our next update.
The best coin market meme... SHIB army support me !!!In my opinion, the best coin market meme is Shiba right now.
The chart is in the weekly time frame and I think it is very clear.
Entry point and stop loss is up to you and I just shared my long term view with you.
Good luck, dear traders
Mohammad Goodarzi
Thursday
4 Jan 2024
Bitcoin Turns Down For Deeper Correction. Strong Support At 40k.Stocks are coming down at the start of January as some portfolio adjustments and profit-taking occurs at the start of a new year to avoid 2023 tax year. We can also see some dollar rally, but normally these flows at the start of the year are temporary and can be reversed later this month when flows will normalize. We also have a FED minutes today, but US PMI and NFP much more important this week I think.
Looking at bitcoin, its coming sharply down on speculation that SEC will reject ETF. Some nice support is at 40k.
Bitcoin 4H Long TradeBitcoin about to retest a strong 4H support zone that will send the price higher to test again the levels around the next Ressistance and possibly breaking out higher.
The Trade Idea has 1 to 2 Risk Reward which is the gold standard in trading but sometimes it is better to take profits when you can and that is possibly around the area where the trade will reach 1:1 RR as there is another minor ressistance it will be a good opportunity to take partial profits.
Check my other Forex ideas in my profile and follow for more trade alerts.
COINBASE:BTCUSD BINANCE:BTCUSD BITSTAMP:BTCUSD
Bitcoin on december and next year 2024Hello traders, i have very freaky ideas about bitcoinas follow: If bitcoin can not exceed 40000$ for next few weeks we will see a big dump to 10000$. Im writing this to think and consider probability about unthinkable cases that any trader may face just be ready for
everythings.
Big short
Sl:40000
Tp for long term: 10000
Period of time that this analysis stand: 6 weeks most after that if it can not break 40000 or fall bellow 31000 it s going range for long time.
Be profitable.