BTC-D
Alikze »» GRT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H
- In the analysis presented in the weekly time frame , it was mentioned that an AB=CD pattern has been formed.
- It is moving in an ascending channel in the 8-hour time frame.
💎 In the OB area, it can face the demand again by creating demand and liquidity hunt at the bottom of the channel and continue its growth up to the top of the channel.
- Then I expect it to continue its growth to the supply area to form the third wave or wave C.
⚠️In addition, if the correction extends to the Invalidation LVL range, the bullish scenario in the 8-hour time frame is invalidated and must be reviewed and updated again.⚠️
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BINANCE:GRTUSDT
The current current state of ETH and BTC bull markets
As you see by the chart, we broke out of a descending trend recently for ETH and we had a tight ascending channel, which we now have broken out of again, likely ETH will make another really nice jump soon on the break out. This appears to be early on in the ETH break out where ETH appears to be lagging BTC by at least a couple of weeks.
We also see that BTC reversed a short term descending channel recently, broke out of it and that helped it surge past $100k with ease and now we are in an ascending channel that is a break out from BTC's prior ascending pattern.
BTC Chart
We also see that since ETH has started breaking out, it has really impacted the BTC dominance chart, BTC has lost over 5% of its market dominance in the last week or so.
BTC Dominance chart
Overall both of these seem real bullish. I dont actually hold or trade either one, though I came up on ETH, where I started buying ETH at .88 cents each. I dont trade them because the chances of either having 50%-100% gains in a day is pretty much impossible, even 20% is not likely they are just such large caps with so much order books and participation not to mention ETF impact. But there are a lot of cryptos that are running 20%, 50%, 100% every day. The thing is, if BTC/ETH are in bad health, it makes trading anything a risk because when they dump they effect the market. At the moment, it does not look as though BTC or ETH are staging anything that would cause any significant negative impact to alts other than if they run hard and thats where all the money goes.
for order books they both seem strong with positive trader sentiment though BTC had pulled back it appears to be building rapidly again.
$LTC Path to ATHLitecoin faces major resistance at $110. With a break of $110 we can expect to see a recovery back to previous highs. Once Bitcoin breaks $100k the altcoin rally may likely begin.
Traditionally I would be looking at the main 3 plus a innovative cryptocurrency. Last cycle it was Bitcoin, Litecoin, and Ethereum with Solana as my plus one. This cycle I am taking Bitcoin, Litecoin, and Solana replacing ETH with Chainlink as my plus one.
Some things to keep in mind:
Hashrate at ATH
Golden cross on the Daily
ETF Potential
Reliability
Historical presence
The U.S. Dollar Index (DXY) currently reflects a bearish trend The U.S. Dollar Index (DXY) currently reflects a bearish trend on the 4-hour chart. The immediate resistance is around 106.620, while the current price gravitates towards the support level at 105.250. This downtrend aligns with technical indicators signaling potential bearish momentum.
Recent trading data confirms a drop to around 105.93 during the last session, reinforcing expectations of further downward movement, possibly testing the 105.250 level soon.
My Idea on the top for Bitcoin (NFA)Hello Tradingview community!
This is only an idea (NFA DYOR)
I won't make this description long as I usually do..
this chart im sharing is more for my "personal" view
so why am I sharing it? Well I want to give ideas for everyone to see pretty much.
I have measured all previous cycles and done a ton of research and come to the
conclusion 160-180k looks the most likely for our "top" this cycle
Both with % gains but also timeframe.
Its fine to disagree, we shall see close to end of 2025 if I was correct or not.
Have a lovely day!
Bitcoin Plummet Back to $97K After Surging Pass $100kThe cryptocurrency market witnessed turbulent activity as Bitcoin ( CRYPTOCAP:BTC ) faced a significant flash crash, exacerbated by Mt. Gox’s recent transfer of 3,620 BTC. Combined with over $1 billion in liquidations and strategic market movements, these events painted a complex picture for the world's largest cryptocurrency.
Mt. Gox: The Catalyst of Market Jitters
Bankrupt crypto exchange Mt. Gox has once again entered the limelight by transferring 3,620 BTC worth millions to two undisclosed wallets. According to Arkham Intelligence, these transactions—3,493 BTC to wallet address 1MAXy6…Ez3NQ9 and 126.577 BTC to bc1qkf…ffm7sf—sparked speculations of creditor reimbursements.
While the transfers might prepare the groundwork for creditors to reclaim their funds, they introduce a looming threat of heightened selling pressure, causing widespread concerns in the crypto space. This move follows a recent transfer of 24,000 BTC by the same exchange, intensifying market apprehension.
Technical Outlook:
Bitcoin’s price dropped to an intraday low of $87,859 before rebounding to near $98,000, following a broader market crash that wiped out over $1 billion in positions.
Key levels to watch include:
- Resistance: $100,000 psychological barrier.
- Support: $94,800 and $92,500, critical to sustaining bullish momentum.
The abrupt dip can be attributed to the liquidation frenzy and external triggers such as Meitu's sale of 940 BTC and 31,000 ETH, which realized $80 million in profits.
BTC's Resilience
Despite recent volatility, Bitcoin’s fundamentals remain robust:
Market Cap: $1.93 trillion, with potential to breach $2 trillion by 2025.
Trading Volume: $159.5 billion in the past 24 hours, bolstered by Binance and other major exchanges.
Key Developments Supporting Long-Term Growth
Bitcoin’s resilience and adoption have been fueled by continuous upgrades enhancing its network security, scalability, and decentralization.
Broader Sentiment: Mixed Yet Optimistic
Despite recent hurdles, bullish sentiment prevails among investors. Marathon Digital’s $850 million convertible note offering for BTC purchases signifies institutional confidence in Bitcoin's long-term potential.
However, the interplay between Mt. Gox’s creditor payouts, liquidation volumes, and evolving market conditions requires vigilant observation.
Conclusion
Bitcoin's journey remains a rollercoaster, shaped by historical milestones and ongoing market dynamics. While the short-term outlook might be turbulent, its robust fundamentals, coupled with consistent upgrades and institutional interest, fortify Bitcoin's position as a leading digital asset poised for a promising future.
As the year closes, market participants should remain cautious, leveraging informed strategies to navigate potential volatility while staying optimistic about Bitcoin's long-term trajectory.
Bitcoin Roadmap==>>Short term!!!Bitcoin ( BINANCE:BTCUSDT ) started to pump up late yesterday with the following three News and the important resistance of $100,000 seems to be broken:
1- Federal Reserve Chair Jerome Powell: Bitcoin is like gold( OANDA:XAUUSD ), not dollars.
2- President Putin says, “Bitcoin, Digital Assets will continue to develop".
3- 'Who's Laughing Now?' NYC Mayor Eric Adams Boasts About Bitcoin Paychecks
⚠️Note: As I said in previous posts, the crypto market has become more dependent on the news and reacts to any development or news in the world, so capital management should be observed more than before.⚠️
Let's now look at the analysis of Bitcoin after yesterday's pump .
Bitcoin is currently moving in the Potential Reversal Zone(PRZ) and near the Support zone($99,600-$98,620) .
According to the theory of Elliott waves , Bitcoin seems to be completing wave 4 , and we should wait for the start of wave 5 . The wave 4 structure is a Zigzag correction(ABC/5-3-5) .
I expect Bitcoin to start increasing again after the end of wave 4 and attack the Resistance line . If the resistance line breaks, it can at least go up to the previous top($104,088) .
⚠️Note: We should wait for Bitcoin to fall further if Bitcoin goes below the Support line and the Support zone($99,600-$98,620).⚠️
⚠️Note: Due to the Sharpie movement of wave 3, BTC may not even create a new All-Time High(ATH) (wave 5 will be Truncated). ⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute 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.
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Sell gold around 2640, with a target price of 2615.Trade Setup at 2640
Sell Entry: If you're not already in, this is a good price to sell, as the bearish trend remains intact.
Target: 2615
This offers a 25-point potential move downward.
Stop Loss: Place it at 2648–2650 to minimize risk if there’s a reversal.
Bitcoin Seizes $100,000. What's Your Prediction for Next Move?And there you have it — a comet in the night sky, Bitcoin BTCUSD finally shattered the landmark $100,000 figure . Prices of the original cryptocurrency are up 50% since Election Day on November 5 and traders have one man to thank. Do you think he doesn’t know it?
“CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Donald Trump erupted on his social-media platform, Truth Social.
As crypto circles around the world celebrated the mind-blowing milestone (that’s a market cap of more than $2 trillion in a $3.5 trillion market ), the volatile crypto couldn’t get any rest. Bitcoin prices seesawed back under $100,000 early Friday with traders experiencing the token’s wild swings and notorious stomach-churning volatility.
In wild seesaw motions, the OG crypto yesterday peaked at an all-time high of $103,700 a piece before sliding more than 6% to close the session at a 1.6% daily loss at $96,900 a pop. In other words, crypto traders still need that convincing close above six figures.
Donald Trump might just have the answer. The President-elect is keeping busy by forming an A-team of crypto advocates to lead the efforts at the White House. Earlier this week, Trump selected former SEC commissioner Paul Atkins to replace current SEC Chair Gary Gensler. This is one of the key drivers to yesterday’s rally in the broad crypto markets . Because Atkins isn’t just a crypto-friendly former regulator.
He’s been advising crypto companies since 2017 and he’s the co-chair of Token Alliance, a subsidiary of Digital Chamber, which was spun up to promote digital assets. Atkins has been consulting crypto companies on how to work with the Securities and Exchange Commission, avoid penalties and lawsuits. And now he might be taking the top job at America’s financial watchdog.
It doesn’t end there. A new pick today promises even more growth for the crypto industry in the US.
Trump has tapped venture investor and podcast host David Sacks to be the “White House AI & Crypto Czar.” In a post on his social media, Trump wrote that “David will focus on making America the clear global leader in both areas.” “He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.”
Sacks was a major Trump supporter earlier this year. He invited Trump to join him and his podcast peers and fellow investors Chamath Palihapitiya, Jason Calacanis, and David Friedberg for a talk on his All-In podcast , which Trump has called the “top podcast in Tech.”
With the stars seemingly aligning for the crypto industry heading into 2025, many digital asset proponents are now calling for $100,000 to be the bottom. A new, loftier goal is now in sight by end of year: $125,000. In 2025, the forecasters among us project Bitcoin prices of about $250,000 , or a 150% increase from current levels.
📡 What’s your forecast? Do you think we’ll see prices top $125,000 still this year? And $250,000 next year? Share your thoughts below!
Bitcoin - Time to buy again!Bitcoin has completed its third upward wave and is now finishing its fourth corrective wave. Therefore, it can be concluded that after completing the fourth wave and forming a flag pattern, it may reach $104,000 or $107,000 in the fifth upward wave.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTC ANALYSIS (update)🔮 #BTC Analysis 💰💰
🌟🚀In 8hr chart we can see a formation of "Rising Channel Pattern in #BTC. As we said BTC will dump first then a bullish move will come. Chart is following the same. Now we could see a breakout of 100k level again
🔖 Current Price: $98100
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #BTC. 🚀💸
#BTC #Cryptocurrency #DYOR #PotentialBreakout
DON'T SLEEP ON TESLA ON A... WELL, NEVER SLEEP AGAIN. TSLA 420.
ALRIGHT, LET'S TRY THIS AGAIN.
Tesla has a cool trend setup, retracement setup and indicator alignment into earnings.
A REALLY STEEP DROP from earnings, past 134 and all the way down to around 96, could trigger a nice move to the upside that you won't want to miss.
I know, TSLA to 74 or 30 or 10 (it's garbage).
Well, no, I disagree. At least in the short term. After it runs up again, I could easily see it back down to some low numbers.
But right now, heading into earnings, a big move is showing that looks very similar to what I've shown.
My line, expect it to be inaccurate, instead focus on the price targets.
At 175.01 = full bull to the moon 238k miles, maybe overshoots that.
There will be retracements, but if this move is based around btc, it could be FAST.
So, probably best to never sleep again, and watch the tsla chart 24/7.
RSI technically bearish, but they all look like they are about to flip, BUT they haven't yet, so we can't assume. We have to keep the projection based on charts, which says, if 134 holds and we get over 175 with stability, then green light, probably.
If earnings crashes price to under $100 for a brief amount of time, you probably want to yolo the dip. Calls would be very cheap at that point, and if you're bullish in any way, even if it's not to my numbers bullish, then it's still probably free money.
I won't be upset should you disagree, feel free.
And I look forward to your rubbing of profits in my face, should you be correct.
Truthfully, I'd like to see everyone make a ton, no matter what your opinion is (bear/bull).
LOTS OF MOVEMENT to trade in two directions.
Things don't go up forever, things don't go down forever, and if they do, it would be an outlier to most market movements.
Good luck!!
SOME FUNDAMENTAL RESEARCH:
1. **Tesla Fundamentals**:
- Tesla, the electric vehicle (EV) company founded by Elon Musk, has seen remarkable growth in recent years. Their fundamentals include strong demand for EVs, innovative technology, and a charismatic CEO who captures public attention.
- However, Tesla's financials have been volatile due to high R&D costs, production challenges, and regulatory hurdles. Despite this, their stock price has surged, making them one of the most valuable automakers globally.
2. **Bitcoin and Dogecoin Investments**:
- Tesla made headlines when it disclosed a $1.5 billion investment in Bitcoin. This move signaled institutional interest in cryptocurrencies.
- Elon Musk's tweets and actions have influenced crypto markets. Tesla's investment in Bitcoin adds legitimacy to the asset class.
- As for Dogecoin, Tesla has not officially invested in it. However, Musk's tweets and memes have boosted Dogecoin's popularity. It's important to note that Dogecoin is highly speculative and lacks fundamental value¹.
3. **Software Subscription vs. Hardware Sales**:
- Morgan Stanley believes Tesla could make more money from software subscriptions than hardware sales. Tesla's vehicles are equipped with advanced software features (Autopilot, Full Self-Driving) that can be unlocked via subscription.
- By offering software upgrades, Tesla can generate recurring revenue. This model aligns with the trend toward software-defined vehicles².
4. **Data Collection and Auto Driving**:
- Tesla collects vast amounts of data from its vehicles, especially those equipped with Autopilot. This data helps improve autonomous driving algorithms.
- Tesla's fleet provides real-world data for training AI models, giving them a competitive edge in self-driving technology.
- Monetizing this data could be lucrative. Tesla could license it to other companies or use it for targeted advertising.
5. **Leasing Software vs. Selling Cars**:
- Leasing software (e.g., Full Self-Driving subscription) allows Tesla to generate ongoing revenue without selling additional hardware.
- Traditional automakers rely on upfront car sales, which can lead to debt if demand fluctuates.
- Tesla's approach disrupts the industry by emphasizing software and services over traditional car sales.
In summary, Tesla's fundamentals, crypto investments, software subscriptions, data collection, and unique business model contribute to its success and potential for future growth. However, risks remain, and the EV landscape is evolving rapidly. Other automakers are also adapting to these changes, but Tesla's early lead gives it a competitive advantage¹². 🚗💡📈
Source: Conversation with Bing, 4/22/2024
(1) Tesla, Dogecoin & Institutional Interest: A Data Perspective by .... coinmarketcap.com
(2) Tesla (TSLA) could make more money from software subscription than .... electrek.co
(3) Dogecoin | Tesla Support. www.tesla.com
Distribution phase in the next 10 monthsSo we broke 100k. I'm sure we'll see higher in the next 10 months.
What's next? When is the correction?
I see such messages every day. That's why I want to give a full commentary and my vision.
As Waykoff told us, there are accumulation and distribution zones.
On top is the distribution zone If we stick to the theory of cycles, which I often write about
www.tradingview.com
We are entering the zone of local distribution I mentioned and marked with red zones If we are interested in the question how we will form the top and where we will distribute?
I would take into account the fact that we are already in the bitcoin distribution zone in this cycle and it will continue for another 10 months.
So, sideways in the 50k range, I agree, but I don't think it will go below the previous high of 73k.
Three distribution options:
1. ATH and then a gradual slide - the most standard top formation, with a run above 100k to induce euphoria
2. Two rising tops look better with liquidity removal of the first top, etc.
3. The killer of all the shorts, those waiting for the crisis, and so on.
They're going to kill all the non-believers on the moon.
And force everyone who believes in a million dollars for bitcoin to buy it.
Conclusion -
I expect a local distribution above 100k over the next 10 months, the possible top formation I have shown.
I do not expect a sharp drop to 50k - bitcoin has become a different asset class.
Everything can change a lot in 10 months, and based on my cycle theory,
I am waiting for the bull cycle to end. In this range of 10 months, altcoins will once again fall and rise at the very end. They will fall 51 more weeks down after September 2025.
I'm talking about local forecast in 1-2 years, further it will be even more interesting because globally after this cycle, all retail will say goodbye to their bitcoin and will not buy it back cheaper in 95% of cases. and Next we will count how much 1 sashoshi is worth.
in 1 Bitcoin is 120,000 satoshis.
When 1BTC reaches $120k.
1 sat = 1USD
And due to the fact that the printing press is working 1 satoshi will grow in the long run.
I hope for the best in our world. Stay close.
You can find out about other communication opportunities down below the chart.
Best regards EXCAVO
BTCUSDTBTC is still in an uptrend at the price zone of 103046-104814. If the price cannot break through the 104814 level, it is expected that in the short term, there is a chance that the price will go down. Consider selling the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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BTC SELL OFF INBOUND - $74,000BTC broke the $100k barrier in true let me suck in the noobs fashion. The reversal off the ATH was fast , hard, and full of HFT. Dont be fooled. This is not a safe entry. I forecast in 1-2 hours BTC will hit $98,100 and then wont see prices too much higher until a trip to the $74,000 - $75,000 Area Using Murrey Math , Elliott Wave and my own brand of bad ass. Good luck.
BITCOIN $BTCUSD | BITCOIN OVER $100,000 ! Dec05'24BITCOIN BITSTAMP:BTCUSD | BITCOIN OVER $100,000 Dec05'24
BITSTAMP:BTCUSD Trends:
BITSTAMP:BTCUSD Weekly: Bullish
BITSTAMP:BTCUSD Daily: Bullish
BITSTAMP:BTCUSD 4H: Bullish
BITSTAMP:BTCUSD 1H: Bearish
BITSTAMP:BTCUSD rallied over $100,000 for the first time ever, and just recently price fell all the way to around $92,250. Unsure where BITSTAMP:BTCUSD is headed next but thought I'd throw my indicators and a few quick drawings on the charts. BITSTAMP:BTCUSD also has an ascending triangle pattern that could be a good opportunity for trade entries.
BITSTAMP:BTCUSD pullback prices:
Is a pullback to $69,000 heating up, here are my potential pullback areas:
91,500
90,500
85,500
77,000
72,000
69,000
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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Important Support and Resistance Zones: 95904.28-98892.0
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(BTCUSDT 1M chart)
It has risen by about 500% so far.
I think profit taking is naturally taking place as it rises to a new price range.
-
(1D chart)
Therefore, the point of interest is whether the price can be maintained around 95904.28-98892.0 or higher until the next volatility period.
If BTC maintains its price around this range, it is expected that the upward trend will continue to create an altcoin bull market.
-
The 95904.28-98892.0 range is a range composed of the HA-High indicator and the BW(100) indicator, and can be considered a high point range.
Therefore, if it falls below this range, it is likely to fall further because it has fallen from the high point range.
Therefore, the key is whether the price can be maintained when the M-Signal indicator on the 1D chart rises within this range.
As mentioned earlier, if it falls below the M-Signal indicator on the 1D chart and encounters resistance, it is likely to meet the M-Signal indicator on the 1W chart, so you should think about a countermeasure for this.
If it falls below the 95904.28-98892.0 range, it is expected that altcoins will show a sharp decline.
-
(1W chart)
What we should be interested in in this movement is how the StochRSI indicator on the 1W chart resets.
We need to see if the StochRSI indicator resets with a large decline or if it resets sideways.
-
If the price stays around 95904.28-98892.0 or higher until the next volatility period, it is expected to move upwards towards the Fibonacci ratio 2.24 (116940.43).
-
Have a nice time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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