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Bitcoin has finally closed above its weekly channelAfter two days of fluctuating, Bitcoin has finally closed above its weekly channel, and global markets have reopened. Currently, BTC is positioned on the significant weekly support at $57,000, where we are awaiting a suitable reaction that could drive the price back up. On the higher timeframes, we are observing the formation of a potential ascending triangle above the monthly support level. This pattern could lead to a final correction before initiating wave 3 of an upward move. However, this process might extend over the next few months.
by MonoCoinSignal
Altcoins Can Drop Another 75% - Worst Case Scenario!In this analysis I want to talk about a long-term parallel channel on TOTAL3, which is the total marketcap of all altcoins. Preface: before everyone gets offended etc, this is not my most likely scenario. Big chance that this pattern won't play out. Nevertheless, it's important to consider different market outcomes. Trading consists of IF>THEN decisions. Ask yourself, if the market drops another 75% from here, what will you do? Now into the analysis. The parallel channel is constructed from the top resistance and anchoring that resistance to the 2020 covid dump. As seen on the chart, alts lost over 92% of their value in the 2018 cycle. Currently, alts have lost 75% of their worth during the last cycle. If alts were to go down towards the bottom yellow support, they could lose around 85%-88% (depends on time) value. In other words, if this worst case scenario were to play out, alts could lose 70%-7% of their CURRENT value. Is this pattern likely? No. Should you prepare for it? Yes. Keep it simple, assume that the bottom support area is a great long-term entry point and can function as a bear-market bottom in case we go down further. There is definitely some risk of a recession as per my last yield-curve analysis. Furthermore, the SAHM Rule Recession indicator (google it) signals that a recession is coming. If the stock markets would go down like in 2001 and 2007, we're in for a wild ride in crypto. Happy to hear your thoughts.
CRYPTOCAP:TOTAL3
by FieryTrading
16
BTC Retracement to $30k levels. After US elections pump to $90k.Bitcoin appears to be forming an inverse head and shoulders pattern on the larger timeframes. A potential drop to the $28k–$32k range could mirror the corrections seen in previous bull runs, creating a textbook inverse head and shoulders pattern. A price target of $90k is derived from the measured move of the previous post-drop rally, further supporting this bullish scenario. Additionally, a smaller inverse head and shoulders pattern, formed between January 2022 and January 2024, has already played out, reaching its projected target. This reinforces the reliability of the pattern in the current market context. Several key factors suggest that a pullback to the $30k region could be highly bullish: 1. The large inverse head and shoulders pattern suggests a potential move to $90k from $32k. 2. The 200 SMMA is expected to align with the GETTEX:29K –$30k range when BTC reaches that level. 3. The 0.786 Fibonacci retracement level is at $27.7k, with the golden zone around $36.5k. 4. On the weekly chart, the only occurrence of the "Three White Soldiers" pattern is within this price range. If no weekly candle closes below $30,250, it would be another strong bullish signal. 5. The previous bull market correction aligns with a current target of approximately $37k. 6. Notably, BTC has yet to experience a significant correction during this bull run. In summary, a dip to around $28k, followed by a weekly close within the bullish Three White Soldiers price range (above $30k), would likely signal a continuation of the bullish trend and me opening a long term long. However, the upcoming FOMC meeting on September 17-18th could introduce volatility. If rate cuts occur as expected, this has historically been a bearish event. Coupled with current global developments, it suggests BTC might be in a bear phase that could extend until after the 2024 U.S. presidential elections. If former President Donald Trump isn't re-elected, the current bull run might be at risk. The U.S. government has discussed unrealized gains taxes for millionaires, which could drive wealthy investors away from risky assets like crypto. Additionally, the market's sentiment appears overly bullish, with many top traders providing optimistic analyses despite bearish signals. This often precedes a market reversal. I'm keen to hear your thoughts and ideas on this analysis—please share your perspectives!
BITSTAMP:BTCUSDShort
by Achilly
Bitcoin Approaching Cycle End - Next MovesGM! It’s Strategy Master here - the only guy in crypto where you won’t pay for signals or get crushed with basic TA. Bitcoin is nearing its 60-day cycle bottom. Why does this matter? For long-term holders, it’s a signal that Bitcoin’s strength is about to shine with a bounce. For traders like us, it’s a golden opportunity for a profitable trade. How can I know if the cycle has ended? Here are 5 signs: The price closes above the 10-day Moving Average; An increase in volume (like a bigger sell-off); There’s a crash, a retest of the resistance line, and then another crash to form the final cycle low; The lowest point is retested (with good volume (!)), but no new low is established; The price moves above the current resistance zone. Now, let’s see how the current potential cycle bottom stacks up: The 10-day moving average is at $61,000, but the price is still below it. ❌ A slight increase in volume is noticeable. 🙂 We saw a crash to $57,300, but no retest of the resistance line and no second crash yet. 🙂 The lowest point hasn’t been retested yet. ❌ The price hasn’t climbed above the current resistance zone. ❌ As you can see, confirming a cycle bottom is only possible after the fact. Right now, none of these conditions have been fully met. However, buying close to the cycle bottom often leads to positive returns within days or weeks. The first days of a new cycle are usually marked by a big green candle. Take the previous 60-day cycle bottom on July 5th, for example. It was fully confirmed a week later, on July 13th, when the price crossed the resistance line at $58,630. The 10-day moving average was crossed at $57,538, confirmed with a closed candle. ✅ Volume increased for three days straight, peaking on July 5th. ✅ The price crashed to $58,600 on June 24th, tested the resistance line at $63,000 on July 1st, and the final cycle low was established after another crash on July 5th at $53,700. ✅ The lows were retested with good volume at $54,300 on July 8th, with no new low formed. ✅ The price went above and closed above the previous resistance zone on July 13th. ✅ By July 13th, all five conditions were met, signaling that the cycle had ended.
BITSTAMP:BTCUSD
by TheStrategyMaster
8
There will be more bull season? #Bitcoin 3M chart#Bitcoin 3M chart; Bitcoin chart in its simplest and broadest form. 3 months. What do you see? Let me make my own interpretation first, then share your thoughts. In 2022, it went to the IMB region, took its support and made its current peak. The breakout was MSS because it closed above it while doing so. This is an uptrend signal. And again it visited the IMB zone for support. This candle is a June candle, so the next candle opening will be in October. I hope this is clear enough for those who say there will be no more bulls.
Long
by ugurtash
4
BITCOIN in trouble? check this out first... There is no doubt that Bitcoin is in a downward trending channel. As you can see in this analysis, Bitcoin has been in a bearish sequence since the highest point (#1), bouncing within the channel until it was rejected at point #5, which did not break through our green confirmation zone and instead dropped to the purple inefficiency zone. If you look closely, the purple inefficiency zone has shown significant strength for months (since April). It's a crucial area because when the price reaches it, there is a strong volume and buying pressure. There are only two possible moves the price could make this week: Move 1: The price could stay in our purple inefficiency zone and consolidate, accumulating for its next bullish trend. Note: Point #5 was a total rejection and decided to disrupt the sequence that Bitcoin had from point #1. Move 2: The price could simply respect a large-scale supply and demand zone, in which case we might see the price continue to drop, allowing it to enter a demand zone and then take off into a bullish market. What will happen? We really don't know, but what we can conclude from this postis that since the beginning of this analysis several weeks ago, the price has moved in our favor just by using basic price action concepts.I am very satisfied with this analysis, and I'm glad you were able to benefit from it, if you have been following this analysis closely, The price has been moving according to our prediction, And whenever I see these kinds of charts or analyses, I remember the words my mentor used to tell me: always remember that the price action is always right. I sincerely appreciate your trust and support in my study. I send you a warm greeting, and always stay alert for the next move. -RM
COINBASE:BTCUSD
by RocketMike111
Bitcoin 2020 vs. 2024 - Lows and the Anticipated Bull MarketThis chart draws a parallel between Bitcoin's price action in 2020 (left) and the current trajectory in 2024 (right). On the left, we observe the pivotal lows formed around the $6,000 - $7,000 range in 2020, which set the stage for the subsequent bull market. A similar pattern is emerging in 2024, with the price consolidating and finding support around the $50,000 - $60,000 range. In 2020, Bitcoin broke out of a consolidation phase, igniting a powerful bull run that saw prices surge past $20,000. This breakout is mirrored in the 2024 chart, where a similar breakout seems imminent, suggesting a strong upward movement could follow. The similarities between the two periods are striking, with both showing a strong accumulation phase (highlighted in grey) followed by a breakout above key resistance levels (marked by blue lines). If history repeats itself, we expect a significant bull market to start in 2025, potentially leading to new all-time highs. Investors should keep a close eye on the $70,000 resistance. A breakout above this level could confirm the beginning of the next bull cycle, echoing the powerful rally we saw in 2020.
COINBASE:BTCUSD
by SerenityEquity
Yield Curve Inversion: A Warning Sign You Can't IgnoreThe yield curve, which shows the difference between short-term and long-term interest rates on government bonds (US10Y-US02Y). In normal market conditions, this number should be positive because the interest that investors require on 10Y bonds is higher than the interest required on 2Y bonds. Interest is a value of risk perception. Higher risk of default means higher required interest on bonds. As seen on the chart, the moment that the yield-curve "un-inverts" (yellow circles) is a critical market indicator that can often predict upcoming recessions. In the last 35 years, the un-inversion has always preceded a dump in stock prices and a recession. Seeing this chart, it's not too far-fetched to assume that the world will go into a recession at some point in the next 1-2 years.
TVC:US10Y
by FieryTrading
4
Finally Btc Getting Ready To Hit 100k"Bitcoin is currently in a strong uptrend, consolidating within a descending broadening wedge. This pattern is consistent with BTC's historical behavior, where the cryptocurrency often consolidates after a strong rally. As seen in previous instances, a successful breakout from this consolidation phase typically leads to a robust bullish wave. Based on this chart pattern and BTC's historical data, it's likely that Bitcoin will easily surpass $100,000 after a successful breakout. The current consolidation phase is a normal market behavior, and the impending breakout could catalyze a significant price surge keep eyes on btc for breakout
by Worldofchartsfx
BTC / BITCOIN / BTCUSDT🔍 BTC/USDT Analysis: 1-Hour Timeframe 📉 The BTC/USDT chart on a 1-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view. • BUY DATE: August 31, 2024, 8:00 PM - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating BTC or entering long positions. • BUY DATE: September 1, 2024, 7:00 AM - Green Line: Another potential local low, suggesting a moment to consider entering positions. • BUY DATE: September 3, 2024, 7:00 PM - Green Line: A further indication of a potential local low, which might offer a favorable entry point. When working with this 1-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Short
by trushkovskiy
Bitcoin Analysis==>> Pumping Again==>>Short termBitcoin moved towards the Support zone($58,520-$57,100) as I expected . Bitcoin is moving in the Support zone($58,520-$57,100) . According to Elliott's wave theory , Bitcoin seems to have completed another Zigzag corrective wave . I expect Bitcoin to start rising again from the Fibonacci levels to my targets . Note: If Bitcoin loses the Support zone($58,520-$57,100), we should expect Bitcoin to fall to $55,000(at least). Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 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
9
Is an Altcoins rally coming? When? ETH/BTC 1W chart;CRYPTOCAP:ETH CRYPTOCAP:BTC 1W chart; On the chart we see two falling trend lines (red dash), one rising trend line (green dash). The price is in this range. It bounced 2 times from the OB resistance just above it. This place is weakened. It can also be interpreted that if it weakens enough, it may go up to the OB area above. It touched the lower green trend line 3 times and the last time it touched it, the mismatch on the RSI side stands out. So it gave an upward signal. The big red candle on the right shows the monthly volume. In other words, since the month started, it has gone down without going up. The appreciation of #Eth against #Btc means that altcoins are also appreciating. Accordingly, it is expected that a movement in altcoins will begin. Likewise, I have previously informed that many of the altcoins are in strong bottoms and trend compression. Although there is a downtrend extending from September 2022 to the present day, a close above the -OB level just above the current level will be the beginning of an upward trend. Therefore, it is important to follow this level.
Long
by ugurtash
SOL Waiting For The BEST Entry: Bullish TriangleSOL has been trading inside this triangle pattern since practically forever. I'm not calling for a bearish move here, I'm only sharing my view from where I will enter if we continue to go down. The bottom support has been holding on 4 seperate ocassions, my assumption is that it requires a lot of power to fall through, since bulls will be buying from there. Ideally, SOL will move back up to the top resistance, or even better break out of it.
Long
by FieryTrading
6
BTC / BITCOIN🔍 BTC/USDT Analysis: 4-Hour Timeframe 📉 The BTC/USDT chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. These signals should be analyzed in conjunction with higher timeframes for a comprehensive market view. • August 31, 2024, 21:00, September 7, 2024, 17:00 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn. • September 3, 2024, 13:00, September 15, 2024, 01:00 - Green Lines: These times indicate potential local lows, offering favorable conditions for accumulating BTC or entering long positions. When working with this 4-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Long
by trushkovskiy
Bitcoin Analysis==>Bearish Deep Crab Harmonic PatternAs I expected yesterday , Bitcoin went towards filling the CME Gap($61,855-$60,485) , although the structure of the trend was slightly different . Bitcoin is currently moving near the Resistane zone($62,920-$61,460) , Resistance line , Daily Resistance(2) and 50_SMA(Daily) . Also, the 🦀 Bearish Deep Crab Harmonic Pattern 🦀 can be formed near the Resistance line and the Resistance zone . According to Elliott's wave theory , Bitcoin is completing corrective waves after completing five bearish waves . I expect Bitcoin to drop to at least $59,400 after breaking the Support line , and if this level breaks, we should expect an attack on the Support zone($63,630-$63,200) . Note: If Bitcoin can break the Resistance zone($62,920-$61,460) again, we should wait for Bitcoin to attack $65,000-$66,000. Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 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.
Short
by pejman_zwin
45
Ethereum: Watch This Channel!ETH has been trading inside this channel for over two years now. After the recent touch of the support, the support has solidified itself even further. Note that the support is a more clear-cut line, while the resistance is more an area. Another touch of the bottom support would potentially be great news for the bulls, hence the signal on the chart. Seeing that we already touched it recently, we can use the wick as a clear stop level. Target placed at the top of the channel, $5000. This will create a great trade with a RR of 8.5. Keep in mind that the support could potentially also break down. This would indicate a long-term bearish shift in trend.
Long
by FieryTrading
4
BTC FINISHING its 2024 BULL RUN / 2025 CRASH🔍 BTC/USDT Analysis: Weekly Timeframe 📉 The BTC/USDT chart on a weekly timeframe highlights significant upcoming dates where price movements may present trading opportunities. These should be analyzed in conjunction with higher timeframes for a comprehensive market view. • September 2, 2024 - Green Line: This date marks a potential local low, providing favorable conditions for accumulating BTC or entering long positions. • January 13, 2025 - Red Line: This date signals a potential local peak. Traders might consider this as a moment to take profits or reduce exposure, as the price could encounter resistance or a downturn. When working with this weekly timeframe, remember to evaluate these movements within the context of the broader market trend, considering even higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few days. All times are based on UTC-7 (Los Angeles). WAITING FOR A BIG CRASH
Long
by trushkovskiy
17
Bitcoin Analysis==>>Filling CME Gap==>>Short termBitcoin was accompanied by increases and decreases ( high momentum ) in the past days. Currently, Bitcoin has reacted well to the Support zone($63,630-$63,200) . I expect Bitcoin to rise from the Potential Reversal Zone(PRZ) and fill the upper CME Gap($61,445-$60,485) . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 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
7
Bitcoin Quick Bullish Channel Set-Up: Trade The Wave!In this analysis I want to take a look at the bullish channel that BTC has been trading in for around 3 weeks. The bottom support and top resistance are perfectly matchin price action, so my guess is that a lot of traders are looking at this set-up. I anticipate that BTC will reverse from this point. Unless the stock markets break down, the chart is clearly suggesting a reversal. To minimize potential losses we keep a tight stop. Target at the top resistance. When doing this we can create a decent trade with a good R/R ratio as seen on the chart.
Long
by FieryTrading