Bitcoin consolidation almost doneCRYPTOCAP:BTC has touched the DOWNTREND line six times these past few weeks. This tends to be bullish as the more times it hits the weaker the downtrend gets, eventually giving way to a rally.
This #BTC peak is very different than the last two, by far. Worth noting, the longer it consolidates the BIGGER the move is likelier to be.
#Bitcoin needs GOOD volume to upside to confirm.
Btc-bitcoin
Bitcoin Eyes $75K as Double Bottom Pattern ConfirmsBitcoin ( CRYPTOCAP:BTC ) has recently formed a double bottom pattern on its price chart, confirming a significant reversal in trend and strengthening bullish sentiment among investors. The two base levels of this pattern correspond to $49,000 and $51,000, signaling a potential target of $75,000. This technical formation, resembling a "W," is often a precursor to substantial uptrends, giving further weight to the positive momentum building around BTC.
Technical Analysis: Bullish Indicators Line Up for CRYPTOCAP:BTC
The double bottom pattern on Bitcoin’s chart suggests that the asset has completed its downtrend, with the recent breakout above the previous peak indicating further upside potential. Currently trading at $69,000, CRYPTOCAP:BTC appears set for continued upward momentum. Beyond the double bottom, additional bullish patterns are forming: a “Three White Soldiers” candlestick formation, consisting of three consecutive bullish candlesticks, and the possible emergence of a golden cross, a pattern where the 50-day moving average crosses above the 200-day moving average. These indicators, when combined, paint a powerful picture of a market ready to climb higher.
With the next resistance zone between $72,000 and $75,000, a push above this range could ignite a rally with a new target of $100,000. BTC’s movement above key moving averages and the clustering of bullish patterns provides robust technical evidence for this optimistic trajectory.
Institutional Inflows and Rising Adoption
Bitcoin’s technical setup is bolstered by strong fundamental support, especially with heightened interest from institutional investors. Over the past month, Bitcoin’s capital inflows surged by 3.3% to $21.8 billion, reflecting increased investor confidence. This influx has driven Bitcoin’s Realized Capitalization to a substantial $646 billion, signaling a shift in sentiment as institutional players show renewed interest in the crypto asset.
Adding to the bullish momentum, Bitcoin spot ETFs saw a net inflow of $998 million from October 21 to October 25, with BlackRock’s IBIT leading with a massive $1.15 billion inflow. Although the ARK 21Shares ARKB ETF experienced a $206 million outflow, the overall demand for Bitcoin ETFs remains strong. By comparison, Ethereum spot ETFs reported a net inflow of $78.89 million during the same period, underscoring the sustained institutional focus on Bitcoin as a long-term investment vehicle.
A Super Cycle in the Making?
As adoption rates increase and Bitcoin’s narrative shifts towards becoming a global reserve asset, some analysts believe that BTC may be entering a “super cycle.” This concept suggests that Bitcoin could break free from its historical four-year cycles, moving toward more sustainable growth patterns that align with traditional financial assets. With adoption, institutional interest, and hash power surging, Bitcoin is gradually maturing into a critical component of the financial landscape.
Conclusion
Bitcoin’s recent double bottom pattern, combined with strong technical indicators and substantial fundamental support, points to an imminent rally. With BTC’s current trading levels and the critical $75,000 resistance in sight, a breakout could signal a larger upward movement, potentially reaching $100,000.
As Bitcoin ( CRYPTOCAP:BTC ) moves closer to integrating with mainstream financial markets, the bullish sentiment appears well-founded, driven by both technical and fundamental indicators that suggest BTC’s next chapter could redefine its role in global finance.
Bitcoin Predictions for 2025 & Beyond: Who’s Eyeing $1 Million?If one thing is certain on this earth, it’s that Bitcoin BTC/USD predictions are as volatile as the coin’s price. In this Idea, we’ve gathered some notable Bitcoin price predictions with their respective time stamps.
Teaser: it’s a diverse set of characters ranging from bullish Wall Street pros and tech visionaries to some (permabear) economists and professors. Let’s check it out!
Cathie Wood (ARK Invest) : $1 million
Cathie Wood is no stranger to making waves with her predictions. The risk-taking tech investor has said Bitcoin could reach a jaw-dropping $1 million by 2030, offering the stereotype attributes of Bitcoin as a hedge against inflation and increasing institutional adoption. Wood's more optimistic projection sees it soaring as high as $1.5 million in the same timeframe.
Michael Saylor (MicroStrategy CEO) : $1 million
Michael Saylor, the ultimate Bitcoin maxi (borderline Bitcoin fanatic) who believes in total Bitcoin dominance , has been accumulating Bitcoin for his coin-hoarding company’s reserves and predicts it will eventually hit $1 million, emphasizing its superiority as a store of value compared to fiat currencies and gold.
Chamath Palihapitiya (Venture Capitalist) : $1 million
Chamath Palihapitiya has previously suggested Bitcoin could eventually hit $1 million, driven by macroeconomic instability and as a hedge against traditional financial systems.
Robert Kiyosaki (Author of Rich Dad Poor Dad) : $500,000
Kiyosaki predicts Bitcoin could hit $500,000 by 2025 due to the collapse of fiat currencies and increasing inflation.
Mike Novogratz (Galaxy Digital) : $500,000
Mike Novogratz is riding the bullish wave as well, predicting Bitcoin will hit $500,000 within the next three years. He believes this surge will be driven by Bitcoin's fixed amount of tokens (21 million) and growing adoption.
Tyler and Cameron Winklevoss (Gemini Exchange Co-Founders) : $500,000
These crypto twins reiterate that Bitcoin could eventually reach $500,000 due to its potential to replace gold as a store of value.
Tim Draper (Venture Capitalist) : $250,000
Tim Draper has long maintained a prediction that Bitcoin could hit $250,000 by 2024, citing broader acceptance and institutional adoption not just of Bitcoin but the broader crypto market .
🏢 Institutional Investors and Their BTC Targets
Pantera Capital : $148,000
Crypto hedge fund Pantera Capital expects Bitcoin to rise to around $148,000 during the next four-year halving cycle (ending April 2028), based on historical trends.
JPMorgan : $45,000
Taking a more conservative stance, investment banking giant JPMorgan JPM projects a price target of $45,000, provided Bitcoin continues to gain acceptance as a risk-adjusted alternative to gold XAU/USD .
Standard Chartered : $120,000
Recently, UK-based bank Standard Chartered updated its forecast, predicting Bitcoin will rise to $120,000 by the end of 2024.
Bernstein Research : $150,000
Research firm Bernstein Research predicts Bitcoin could hit $150,000, largely due to ETF demand and supply reductions following the 2024 halving .
🎢 Other Bitcoin Believers and Their BTC Targets
Tom Lee (Fundstrat) : $180,000
Luke Broyles (Bitcoin advocate) : $3 million
Raoul Pal (Real Vision CEO) : $1 million
Adam Back (Blockstream CEO) : $500,000
Anthony Pompliano (Crypto Investor and Influencer) : $500,000
John McAfee (Programmer, Businessman) : $1 million
Mark Yusko (Morgan Creek Capital) : $250,000
🚀 Bitcoin Maxis with No Price Targets
Bill Miller (Billionaire Investor)
Miller has stated that Bitcoin could go much higher, without a precise target. He supports the belief that it will outperform traditional financial assets over the long term.
Paul Tudor Jones (Hedge Fund Manager)
Jones has likened Bitcoin to an early investment in tech stocks like Apple AAPL , implying that it has significant potential for value increase.
Stanley Druckenmiller (Billionaire Investor)
Druckenmiller has suggested that Bitcoin could be a "store of value" better than gold and expects its price to rise dramatically.
Jack Dorsey (CEO of Block, Co-Founder of Twitter)
Dorsey, another devoted Bitcoin proponent, hasn’t given an exact price prediction but has expressed strong belief that Bitcoin will become the currency of the internet, suggesting a massive increase in value.
🧸 The Permabears: Those Who Want to See Bitcoin Burn
Joseph Stiglitz - In contrast to the bullish predictions, Nobel Prize-winning Economist Stiglitz has argued that Bitcoin could be “worth just $100 by 2028.”
Kenneth Rogoff - Harvard professor and former chief economist at the IMF, Rogoff claims Bitcoin is more likely to be worth $100 than $100,000 by 2028.
Nouriel Roubini - An economist known for predicting the 2008 financial crisis, Roubini has harshly criticized Bitcoin as a bubble and a "scam."
Bill Gates - The co-founder of Microsoft has expressed skepticism about Bitcoin and its ability to provide real value to the economy.
Warren Buffett - The legendary investor has famously referred to Bitcoin as "rat poison squared," expressing concerns about its lack of intrinsic value and speculative bubble characteristics.
Jamie Dimon - The CEO of JPMorgan Chase has repeatedly criticized Bitcoin, calling it a fraud and stating that it has no value.
Peter Schiff - An outspoken critic of Bitcoin and a proponent of gold, Schiff argues that Bitcoin is a bubble and that it will eventually collapse in value.
Larry Fink - The CEO of BlackRock has indicated he's no fan of Bitcoin, viewing it more as a speculative asset than a legitimate currency. More recently, after BlackRock launched the biggest spot Bitcoin ETF , Fink has warmed up to Bitcoin saying it’s a “legit financial instrument.”
Now, over to you: What’s your take? Is Bitcoin on a rocket ship to $1 million, or are the critics right to be cautious? Drop your thoughts—and favorite Bitcoin predictions—in the comments below!
ADA Caution!Considering cycle theories and assuming Altcoins - especially those from 2015-2017 - could be in different corrective phases than Bitcoin, investors could be in a big surprise for the next upcoming months. While Bitcoin is potentially in its last cycle (retail wave 5) before its first major correction, the older Altcoins are still in their wave 2 which results in a long exhaustive ABC phase and often corrects more than 50% of the first impulsive wave which would also coincide with the 1.618 Fib.
This would mean that alt-season - for the older big coins - is not here yet. Regarding their meteoric rises after more than 10k% the fundamentals need to catch up to overvalued prices, which takes time.
A lot of people are confused and complaining about the "blue chip coins" not going up, especially Cardano, while Market Makers play the long game and suppress Altcoin prices artificially, simply keeping them in a big trading range and in corrective mode till their first cycle ends and the next begins.
ADA e.g. shows striking resemblance to NEM (XEM) with a similar corrective structure and sits on long time life support. The more it pokes on it the more it's gonna get dangerous for the next breakdown to the 0.10-0.20$ region.
ATCryptoScan : BTSUSD at that time againLooking back at the BTCUSD weekly charts, there appears to be similar, if not the same, technical conditions before the start of a massive BTCUSD rally.
Marked out by time lines, the Green lines are the most similar to current (yellow), and the orange has only a differing VolDiv. All are breakout points and appears to be great accumulation start points for the next year or two.
Just weeks ago, a similar technical set up was made, and today is a couple of weeks after...
Clear correlation here, so we know what the most probable for the next year going forward...
Bullish BTC
BTC - Quick UpdateHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As long as the structure marked in red holds, BTC will remain bullish.
📉 If the $65,500 level is broken to the downside, a bearish correction toward the demand zone at $63,000 is expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC DOM- Quick Update.
- If you're still standing and holding onto your cryptos, you’ve earned a medal.
- Not much to see in this monthly chart, just one key detail :
- Take a look at the RSI and notice how much BTC dominance has surged.
- The next move could be altcoins skyrocketing out of nowhere.
One word: HODL !!!
Happy Tr4Ding !
$BTC - Possible retest at 64.7k (nPOC)If we don’t break above 67.5k (previous day’s POC), which remains as resistance, I expect a retest of 65.8k (previous week’s VAL).
However, I won’t be looking to long at the previous week’s VAL as we head into the weekend.
I’d prefer waiting for a price to test 64.7k (nPOC) , or ideally, a tag down to 62.8k to clear imbalances at the lows.
$BTC.D Near 60% - Cue Altseason?Bitcoin Dominance continues to rip nearing its target of 60%
You can see the 2 major trendlines about to converge, similar to what we saw in March 2020 which was followed by more rate cuts.
We could expect CRYPTOCAP:BTC.D to break trend, and fall under the 50WMA, cueing a short-term Alt season, and then Bitcoin stealing the show again with more institutional buying on the horizon.
This could bring one last shakeout to the Altcoin market, before BTC.D completely falls off a cliff and the entire market goes parabolic.
Bitcoin Whale Accumulation Hits All-Time High as Price ReboundsBitcoin ( CRYPTOCAP:BTC ) has recently bounced back to the $68,000 mark following an unprecedented wave of whale accumulation. With whale wallets—holding over 100 BTC—hitting all-time highs and major institutional players like BlackRock increasing their Bitcoin holdings, market sentiment around BTC is cautiously bullish. Yet, the recent price rally faces key technical tests, including a potential Golden Cross formation, raising questions about Bitcoin’s next move and the likelihood of reaching new all-time highs by the upcoming U.S. elections in November. This article explores the fundamental and technical factors influencing Bitcoin’s recent price movements and its near-term outlook.
Whale Accumulation and Institutional Influence
Whale Wallet Surge and Market Sentiment
According to recent data from analytics platform CryptoQuant, the number of Bitcoin ( CRYPTOCAP:BTC ) whale wallets holding over 100 BTC has grown by 297 over the past two weeks, bringing the total to a record-breaking 670,000 BTC. This trend indicates rising confidence among large holders, often viewed as market “smart money,” signaling they see value in BTC at its current price levels. Historical data from CryptoQuant suggest that when whale holdings increase, BTC price typically moves sideways or experiences moderate dips, reflecting a consolidation phase that often precedes a market surge.
BlackRock’s ETF and Institutional Accumulation
A notable catalyst in Bitcoin’s current rally is the inflow from institutional investors. BlackRock’s Bitcoin ETF, IBIT, has recently accumulated nearly 30,000 BTC over nine trading sessions, now holding more than 399,000 BTC, which accounts for approximately 2% of Bitcoin’s total supply. This accumulation by BlackRock is viewed as a bullish signal, as it brings increased stability to the asset class. The ETF inflows provide liquidity, while also limiting circulating supply, potentially creating upward pressure on price.
Technical Analysis
After facing rejection at the $69,000 level, Bitcoin’s price has found robust support around $65,500. This rebound has seen CRYPTOCAP:BTC gradually climb back, hovering near $68,000 as of today. Despite this recovery, Bitcoin needs to break past the psychological $69,000 resistance to maintain its uptrend and push toward new highs.
Golden Cross Formation: Bullish Signal or Caution Ahead?
Bitcoin ( CRYPTOCAP:BTC ) is showing signs of forming a “Golden Cross”—a bullish technical indicator where the 50-day moving average (MA) surpasses the 200-day MA. This pattern, often seen as a signal of a bullish trend continuation, indicates that CRYPTOCAP:BTC could be preparing for a sustained rally. However, while a Golden Cross is traditionally optimistic, CryptoQuant analysts caution investors about its reliability, especially during periods of heightened market uncertainty.
RSI and Momentum Analysis
With an RSI currently at 61, Bitcoin ( CRYPTOCAP:BTC ) is showing moderate momentum, suggesting there is still room for potential growth. Generally, an RSI reading above 50 indicates an uptrend, but with BTC’s RSI not yet overbought, there’s potential for further price appreciation before encountering major resistance.
Will BTC Hit New Highs by the U.S. Elections?
Many analysts point to the U.S. presidential election season as a potential catalyst for Bitcoin ( CRYPTOCAP:BTC ). Some believe that reaching a new all-time high within ±21 days of the November 28 election date would indicate strong sentiment and sustained momentum in the current bull cycle. However, if Bitcoin fails to break past its previous highs, it may signal a slowing in bullish momentum, possibly prompting a period of correction.
Conclusion
The recent increase in whale wallets and institutional accumulation signals robust confidence in Bitcoin’s long-term value, even as it faces near-term resistance. With the potential formation of a Golden Cross, CRYPTOCAP:BTC may be on the brink of a new rally, though caution remains as market conditions are complex and uncertain. If Bitcoin ( CRYPTOCAP:BTC ) breaks past $69,000, it could pave the way for a test of $70,000 and higher. As we approach the U.S. election season, CRYPTOCAP:BTC investors and traders will be watching closely to determine whether this wave of optimism can carry Bitcoin to new highs.
For investors, the rise in whale accumulation and institutional holdings points to bullish sentiment. However, remaining cautious of technical signals such as the Golden Cross and key resistance levels will be critical in navigating Bitcoin’s volatile path ahead.
Bitcoin: Next Try? Bitcoin continued to gain yesterday. In our alternative scenario, we expect a direct break above the resistance at $73,808. However, in our primary outlook, we anticipate a further downward move. Ideally, the orange wave iv should reach its low near the 50% retracement level, around $47,000.
HelenP. I Bitcoin will fall to trend line and then continue riseHi folks today I'm prepared for you BTCUSDT analytics. In this part, we can see how the price entered the support zone (65600 - 66150 points) and at once turned around and dropped to support 2, breaking support 1. Then, the price some time traded near this level and then started to grow. When BTC rose to 63950 points, it turned around and dropped until the trend line, breaking support 2, after which it started to grow. In a short time, the price broke 2nd support level and then continued to move up to 1st support level. When BTC reached this level, it some time traded near and then broke it, after which continued to grow, exiting from the support zone as well. After the price rose until to 69250 points, it turned around and quickly fell to the trend line, but a not long time ago price continued to grow. Therefore I expect that BTCUSDT will decline to the trend line again and then continue to move up. For this case, I set my goal at 69500 points. If you like my analytics you may support me with your like/comment ❤️
$BTCUSDT going downBINANCE:BTCUSDT
After the correction, the price remained under the resistance level and is now testing it.
Probably the decline is not over yet, but for further organic growth, it is necessary to correct even lower to form a reversal pattern.
Also, don't forget that there are a lot of stops placed at the top, which can be broken.
But for now I am sticking to the bearish scenario.
KASPA - IT'S ABOUT TIME TO MOVE IN UPTREND (TA + TRADE PLAN)Timeframe: 4-hour chart
Current Price: $0.133
Rising Wedge Formation:
Resistance Line: The upper green line represents the resistance level, which is slightly inclining upwards.
Support Line: The lower green line forms the support for this wedge. This support level is also inclined upward but at a slightly steeper angle than the resistance.
Pattern Interpretation: The rising wedge pattern, as observed in the chart, is typically a bearish reversal pattern. However, given the overall crypto market volatility, a breakout in either direction is possible.
Bearish Scenario: A breakdown below the support level would confirm a bearish trend, potentially leading to lower lows.
Bullish Scenario: If the price breaks above the resistance, it could invalidate the wedge pattern and indicate a bullish breakout.
VMC Cipher B Indicator:
This oscillator shows wave momentum, with the darker blue shading indicating downward momentum at present.
Current Signal: Mixed with a potential trend shift. A continuation of negative momentum would reinforce the bearish wedge breakdown scenario.
RSL (Relative Strength Level) Indicator:
The current RSL value is 51.83, indicating neutral territory. This suggests no strong trend is currently dominating but could indicate either upward or downward movement depending on further price action.
Stochastic Indicator:
Stochastic RSI stands at 41.60, which is in the lower-mid range, signaling the asset is neither oversold nor overbought. This neutral stance suggests a wait-and-see scenario for the breakout.
HMA (Hull Moving Average):
The Hull Moving Average histograms are slightly positive, showing marginal bullishness. However, the movement is not aggressive enough to signal a strong upward trend as of now.
Key Levels:
Resistance: Around $0.135 - $0.138
Support: Approximately $0.131 - $0.130
Psychological Support: The $0.130 zone is a critical psychological support. Breaking below this would signal a more significant sell-off.
Indicators Summary:
Momentum: Slightly negative to neutral (VMC Cipher B).
Strength: Neutral, with room for movement either way (RSL 51.83).
Stochastic RSI: Suggests no strong overbought or oversold signals (41.60).
Trading Plan:
Scenario 1: Bullish Breakout
Entry: If the price breaks and sustains above $0.135, it indicates a bullish breakout from the rising wedge.
Take Profit 1 (TP1): $0.145 (first resistance level).
Take Profit 2 (TP2): $0.155 (potential swing high).
Stop-Loss: Set a stop-loss just below the wedge’s lower support at $0.130 to manage risk.
Scenario 2: Bearish Breakdown
Entry: If the price breaks below the support at $0.130, it signals a bearish move.
Take Profit 1 (TP1): $0.125 (first support level).
Take Profit 2 (TP2): $0.115 (next significant support).
Stop-Loss: Place a stop-loss above the wedge's upper resistance at $0.135.
Risk Management:
For both bullish and bearish setups, adhere to a risk-reward ratio of 1:2.
Adjust stop-loss and take-profit based on market volatility and personal risk tolerance.
The rising wedge pattern indicates caution, as it is historically a bearish reversal formation. However, confirmation of either a bullish breakout or bearish breakdown will guide trading decisions. Momentum indicators and oscillators suggest neutrality, indicating that this wedge could break either way soon. Traders should remain vigilant for confirmation signals and place stop-losses to protect against unexpected volatility.
BTC, can confirm we confim the breakout?Please check the previous idea to get the bigger picture - You find it in my profile
Hello everyone,
Bitcoin reached the top line of the flag pattern, that was built from the 74k top. We got a strong move up, but the breakout didn't even reached 70k.
Bearish Case
Currently we are in a correction of about 3000 Dollar and the correction could expand, if the current support from the 1H 200 EMA will be lost. The next support would come in between 64k and 65k.
Bullish Case
If the price can stay above 66500 and breaks the pattern to the upside, it will face resistance at 68k and needs to get over 68400 to continue the path to the upside. If that's the case, 73k should be the next target
Election 2024: Bitcoin to $80k? Election 2024: Bitcoin to $80k?
The cryptocurrency market is turning downwards, in tandem with the broader stock market. This decline might be dashing hopes of BTC/USD breaking the $70,000 threshold.
Despite the bearish trend, options traders like the odds that Bitcoin could soar to $80,000 by the end of November, regardless of the outcome of the U.S. presidential election.
Kamala Harris has remained relatively quiet on the subject of cryptocurrencies, though an adviser recently signaled she would “support policies that ensure that emerging technologies, and that sort of industry, can continue to grow”.
Meanwhile, Donald Trump is actively courting crypto holders, pledging to transform America into the crypto capital of the world and establishing a strategic national cryptocurrency stockpile, akin to the country's gold reserves.
BTCUSD approaching a very strong support zone.Bitcoin is trading inside a Channel Up pattern, which since Monday is correcting.
We are already below the MA50 (4h).
The previous correction found the first support on the MA200 (4h), just over the 0.5 Fib. It then broke slightly below it for the final bottom of the pattern.
Trading Plan:
1. Buy on the MA200 (4h).
Targets:
1. 71500 (just under the -0.236 Fib extension, like the October 21 High).
Tips:
1. The RSI (1d) provides the most efficient buy signal on its Rising Support trendline, which started on the August 5th Low. If its crosses below its MA, then reserve one final buy for the Rising Support.
Please like, follow and comment!!
Notes:
Past trading plan:
Bitcoin Analysis ==>> Bearish Pennant Pattern!!!Bitcoin ( BINANCE:BTCUSDT ) moved and filled the CME Gap as ✅I expected from the previous post .
Bitcoin was able to move itself below the Important Resistance Line and Resistance zone($70,080- $68,250) .
Regarding Elliott wave theory , Bitcoin seems to have completed the main wave 5 as I expected with the Ending Diagonal . Currently, Bitcoin has completed 5 bearish (small) waves and is completing corrective waves .
In terms of Classical Technical Analysis , Bitcoin has the ability to form a Bearish Pennant Pattern or Head and Shoulders Pattern . ( I drew the pattern separately for you so that the chart is not busy .)👇
I expect Bitcoin to continue its decline to at least $65,500 , and if the Support zone($66,500- $64,480) is broken, we should expect more Bitcoin declines .
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour 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.
Bitcoin Analysis==>>Ending Diagonal!!!Let's update the Bitcoin chart .
Bitcoin( BINANCE:BTCUSDT ) is in the Resistance zone($70,080- $68,250) .
According to Elliott's wave theory , Bitcoin seems to be completing the main wave 5 . The structure of the main wave 5 is Ending Diagonal .
I expect Bitcoin to FALL again and fill the first CME Gap($67,250- $67,050) .
What is your idea Bitcoin can make a New All-Time High(ATH)?
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour 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.
BTC - Next Support...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉As per my last BTC analysis (attached on the chart), we know that BTC is currently in a short-term correction phase.
The question is: till when/where?
📈From a medium-term perspective, BTC has been bullish trading within the rising channel in blue.
Moreover, the orange zone is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the orange demand and lower blue trendline.
📚 As per my trading style:
As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich