BTC Smashes ATH Price Discovery engaged!Total Market Cap Breakout
The crypto total market cap is poised to breach $3 trillion, fueled by increasing volume and Bitcoin's surge past $81,000 resistance.
Key Indicators
Next significant resistance: 2.618 Fibonacci level around $90,000
Weekly RSI remains overbought, indicating a potential pullback
Trading Strategy
Taking profits below $90,000 in anticipation of possible rejection
Maintaining exposure due to strong upside momentum
Caution: BTC unlikely to break $100,000 on the first attempt given recent rapid gains
Trading Considerations
Watch for rejection at key levels
Pullback potential
Momentum favors continuation
BTC-D
say hello btc 92-94hello guys
Before seeing my new analysis, please see my February 28 analysis. Which trader can do such a detailed analysis??
Buy now with all your might. For the purpose of 92 bitcoins.
At 92, Bitcoin may take a short break and move down a bit.
after 90 , Do not fall into the trap!!!!
BTC/MOON/WHEN/NOW? - BTC to 73% market Dominance?
I am no astronomer but I think I might see the moon! This breakout is significant. Look at the channel inside the major channel, the one we just broke out of a week or so ago. Now imagine in perspective a similar run as we break out of that much larger channel.
Technically this is not confirmed, confirmation would be after we pull back some and prove that old resistance as support now but this breakthrough is still quite significant.
Order books still arent growing much but that probably just means traders dont seem to be day trading much more, so likely this growth is from a large buy and hold movement. I do suspect more traders will be fattening up the order books soon though, its a day trader friendly environment ATM.
Looking at the BTC Dominance chart, which is also a thing, anything that can be charted really has patterns that can be observed, so anything that can be put into numbers can be charted and patterns can be found. BTC Dominance is how much of all the market capitalization of all the crypto belongs to BTC, what % of market dominance is from BTC valuation. And well we broke out a while back, it was already an indicator of a jump in dominance to come but many times BTC gains dominance when the market crashes as well so BTC dominance rising is not always a good thing. What happens is that BTC drops 5% and Alts (mostly contributed to by ETH's marketcap) drop 10-20%, that is pretty frequent, well that increases BTC Dominance. Of course the other way, BTC runs but runs harder than alts, and that doesn't have to be the same % because BTC already has such a massive market cap if it moves 1% it will already add more market capitalization than the entire market cap of many Cryptos.
Here you can see that BTC Dominance break out, it seems to have staged a run. This chart insinuates that we could see BTC claim 73% dominance before resisting.
In general I am likely pretty bullish on Crypto for the foreseeable future.
I do recognize that BTC and the USD are on a collision course. If there is a large outflow of USD to crypto, the US could implement capitol controls as most countries do in that situation. It could be a long time but the more viral BTC runs, the more imminent and fast approaching a conflict with the USD and BTC will be. On top of potential outflows of USD to crypto triggering monetary capital controls, this would hugely degrade the United States ability to control the globe with global audits, sanctions and monetary control if the USD starts losing to BTC globally. In both cases BTC would be seen as a threat to Americas security and our govt could act against it, or if the USA does not take action against it somehow, it could finally rid the world of the tight grip America has on it. I really don't know how long for either of those scenarios to play out, only I am confident these are tangible conflicts of interest that will face the US and Crypto some time in the future.
In the meantime, there is a lot of opportunity to take advantage of. If you are trading make sure you always DYOR and build a tool belt of knowledge, only day trade with what you can afford to lose, dont play with margins unless you are really comfortable with losing everything you are trading with. Ideally, use a stop loss and capture gains with a trailing stop loss if possible, especially if you are doing a momentum trade, getting on the wrong side of an asset that just ran 50% and now pulling back can wreck your funds fast. As always, be vigilant and dominate.
Bitcoin Strengthens Amid Market Turmoil and Political UnrestBitcoin (BTC) is demonstrating remarkable resilience and strength, even as the broader market grapples with the shock of the attempted assassination of Donald Trump. Currently, BTC is in a higher-degree uptrend, having broken to new all-time highs (ATH) back in March. Following this surge, the market experienced a three-wave retracement, a common corrective pattern in technical analysis.
Our latest analysis reveals that BTC has rebounded from a potential Flip Zone, where a supply area has been established. This zone is characterized by a price level that previously acted as resistance and has now flipped to support. The strength of this flip zone is further reinforced by the bullish stance of large speculators, who continue to hold strong long positions on BTC.
Given the current market dynamics, we anticipate a retest of the supply area. This retest is expected to serve as a springboard for a fresh bullish impulse, propelling BTC higher. The alignment of technical indicators and market sentiment supports the case for continued upward momentum.
The recent political unrest surrounding Donald Trump has injected volatility into the markets. However, Bitcoin's decentralized nature and status as a digital asset often perceived as a hedge against political and economic instability have bolstered its appeal. This sentiment is reflected in the ongoing bullish positions held by large market players.
In summary, Bitcoin is on a robust recovery path, buoyed by strong technical support and positive market sentiment. The rebound from the Flip Zone and the anticipation of a retest of the supply area suggest a new bullish impulse is on the horizon. As large speculators maintain their bullish outlook, we remain optimistic about BTC's continued upward trajectory. Investors should watch for the retest of the supply area as a key indicator for potential entry points in anticipation of further gains.
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BTCUSDT.P "Where should I expect the next levels of resistance?"Hello, dear HODLers, and happy Monday—if there is such a thing! But I believe every day in this bull run should be happy and great because we’ve been waiting a long time for it.
**BTC** is now at 80K and in price discovery mode, so it’s a bit tricky to identify resistance levels ahead. I’ll try using the Fibonacci extension tool to see if it highlights any meaningful levels on the chart. For now, I’m following the intraday trading system, which has been working well for short-term trades. You can check out my ideas for this approach to the markets.
Wishing you happy trading, and thank you for taking the time to read my ideas!
BTC arriving at BIG resistance, early! but....I am bearish BUT, with bullish optimism and a possibility of big a big bull, based on current market momentum. This is actually a great place and likely place for it to pull back based on its prior pattern, but this momentum could prove otherwise. I am marking this neutral and no one wants to review neutral reviews they want to see bull or bear. The thing is we are at a pivotal point that will make the case for either a prolonged bull or bear market. I am not sure if we will break out or break down but I have painted the picture of how we are at that point right now. I will post again bull or bear once it seems to have committed to one or the other but otherwise just keep your eye on the trend lines.
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Here we are around $1000 less of $82.5k and we got here early. We are likely to have resistance here but breaking this line would be really significant and likely signal a parabolic crypto market to come, massive. The odds would put it at pulling back here as it has already twice in the past 4 years, and at minimum some resistance where it can consolidate potentially all the way up until late Dec before making a decision. It may still be December, but really the market feels like it might have enough fire to push through it real soon.
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Order books have actually been fairly range bound all year, we are at the high end but its nothing that screams some large increase in participation of day trading. Per CoinMarketFlow, global order books are around a -10% ratio on a 1d candle average at above 10% depth of market. This is actually ideal as it represents day traders with limit orders that expect the price to rise and less that expect it to fall. This is bullish ATM.
I have been seeing lots of alts breaking resistance and converting it to support, lots of chance for jumps. Right now seems like a day traders paradise with 25%-50% sometimes 100% runs in a single day, from lower liquidity, low circulation coins especially. Right now the fire of the market makes me think we may break the resistance and truly fly to the moon. But the fact that order books have only grown by about 10%-15% or so over the last year, does make me question the durability of the run without more gas for the fire so to speak.
If BTC breaks that 82.5k and proves it as support, it is as bullish as it gets, like hyperbolic potential. On the other hand, if we resist here again, as usual, then it could be a lot of prolonged pullback with a potential absolute low between $30k-$40k probably - based on this chart you are looking at now and considering a pullback like it did the last two times.
So its more of a bearish layup that looks like it has the possibility to convert bullish. I would caution to be vigilant at or near this line and let it choose first before taking any real action.
As usual DYOR but consider this trendline as one of your many things to watch to help you make more informed decisions.
Bitcoin bull run update hi guys i have an little update about the semilarity between 15/16/17 cycle and 22/23/24 Cycle
Enjoy guys and hope that can helps to made the right decision ...
This analysis is for informational purposes only and should not be considered financial or investment advice.
The information presented in this analysis is based on my own research and is subject to change without notice.
The analysis is not a recommendation to buy or sell any specific cryptocurrency Stocks Or Forex, including This Pair.
Please conduct your own research and consult with a financial advisor before making any investment decisions.
Is $btc Bitcoin's Channel about to do the Most or the Least? Bitcoin is in a Very huge falling channel!
Current Price: 65600
CRYPTOCAP:BTC Price action has rejected upper trend line Resistance 6 times - steadily creating lower highs.
Currently, Price action is at this Major resistance. Will it reject again? It remains to be seen!
A break above this major resistance will lead to ALL time highs and a continuation of the bull run.
CRYPTOCAP:BTC Up Resistances: 70.4k, 74.8k, 80.2k
Note: #BTC remains bullish if price action stays above the 200EMA (red Moving Average)
Another rejection of this upper channel resistance will lead to down supports up to 50.5k.
What will it be?
BTC: This May Be Your Last Chance Before Exploding to Upside !!
Last year, when I was analyzing this, I wondered if Bitcoin could return to its golden days. At that time, Bitcoin was at $30K , and I was hopeful that good days would come again. Now that Bitcoin has surpassed $80K , I realized that our collective thoughts drive momentum in everything. We had hope , and this hope turned into reality. Now I hope Bitcoin will also reach $100K . Technically, if this weekly candle closes, it can be said that Bitcoin has successfully broken this cup and handle pattern, and after that, it can reach higher prices.
Give me some energy !!
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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!!
STACKS LongCompletion of bullish shark and clear basing structure at previous support.
This asset is worth a punt, there is a clear momentum shift occurring with the recent higher lows showcasing a shift to accumulation.
Last higher low can be used as a sl, if the asset turns back to support we will re evaluate
ADA Long back to +42cWe should've been in earlier and don't really like the weakness present at this breakout attempt. So much caution and small positions.
Having said this, we like the perfect backtest of 33c after a shift in momentum with the higher lows, now we can use the 33c as an invalidation point to our argument and change in trend.
We played this trade to the downside and waited for a long time to a structure like this to develop. Even if the SL hits we will be very focused for the next few weeks as the bottom does appear to be in and many opportunities could arise.
Next Volatility Period: Around November 16 (November 15-17)
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(BTCUSDT 1W chart)
The target range is around 2.618 (87814.27) on the left and 1.618 (89050.0) on the right.
If it rises to this range, it is expected to determine the trend again.
To do so, the key is whether it can break through the 1st and 2nd ranges upward.
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StochRSI EMA has not touched the 100 point so far.
Therefore, as the StochRSI EMA approaches the 100 point, the downward pressure becomes stronger, so caution is required when trading.
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(1D chart)
This volatility period is until November 11th.
Therefore, the point of interest is whether it can receive support near 80K after passing this volatility period.
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The BW indicator is currently maintained at the 100 point.
This also means that the upward strength is strong.
However, if the BW indicator shows a downward trend from the 100 point, BTC is likely to show a downward trend.
Whether this downward trend will create a pull back pattern or the start of a downward trend can be predicted depending on whether there is support near 75571.99.
I will tell you more details when it falls near 75571.99.
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Since the prices of most coins (tokens) have risen significantly, it is quite burdensome to buy them.
Therefore, in order to trade, you have no choice but to use time frame charts below the 1D chart.
However, you should draw support and resistance points on the 1M, 1W, and 1D charts and check the movement near those points.
In fact, coins (tokens) that are renewing their ATH have no support and resistance points, making it very difficult to trade them.
Therefore, for coins (tokens) that are renewing their ATH, you should purchase them in installments when the candles on the 1D chart are falling candles, lowering the average purchase price.
Buying when the candles on the 1D chart are falling candles means that you should perform a breakout trade when the time frame chart below the 1D chart goes down and then rises.
That is, the method is to buy when the price falls below the BW(100) point of 79844.01 and then rises above 79844.01 again.
It is important to buy when the price starts to rise, but it is also important to buy when the price falls below the important support and resistance points and then rises again when the price has already risen.
I hope this answers the question of why I am the only one who is recording a loss when everyone else is making a profit.
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Have a good time.
Thank you.
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- Big picture
It is expected that the full-scale uptrend will start when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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ENA (Ethena) The recent price movement of ENA (Ethena) has shown exciting technical shifts, particularly after attempting to break out of a long-standing price channel four times. This repeated testing of resistance typically indicates strong buying pressure and potential momentum toward higher price levels. With the price channel finally breaking, ENA has surged toward a target range of $2-$5 This upward movement suggests increased investor confidence and bullish sentiment, often seen when technical resistance is overcome after multiple attempts.
A price target of $5 is ambitious, yet plausible, given the increased interest and potential fundamental factors supporting ENA. However, as with all crypto investments, this analysis should be viewed as a technical observation and not financial advice, as the market remains highly volatile and subject to rapid changes based on external influences.
Alikze »» Link | Scenario wave 1 of 3 rising - 1D🔍 Technical analysis: Scenario wave 1 of 3 rising - 1D
- It has been moving in a downward channel on the daily time frame.
- Currently, with the failure of the descending channel, in the case of a pullback to the ceiling of the channel or the range of 12.50, it can have the target of 16 to 17 dollars in the first step.
- This ascending wave is the previous wave. But in a longer-term perspective, wave 2 correction in the green box range has ended.
- Therefore, this recent motivational wave, micro-waves, wave 1 out of 3 is rising.
💎 In addition, this increasing wave can continue to climb up to Fibo 1.272 and 1.618 if the supply zone is broken.
⚠️ Note: If the candlestick closes below the 12.50 zone, the bullish scenario is invalidated and can retest the green box zone. ⚠️
💎 Currently, according to the momentum, the first scenario or the bullish scenario is more likely.
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BINANCE:LINKUSDT
BITCOIN → Is the $100K target becoming more and more realistic? BINANCE:BTCUSD is in the bull run phase and updating highs due to the excitement of the US presidential election. After 8 months, there are finally reasons for the price to come out of the prolonged accumulation. Now the distribution.
BTC has one bullish driver after another as it approaches ATH:
Trump's victory in the US presidential election.
Then the second 0.25% Fed rate cut in this cycle
Discussions about BTC as a strategic reserve.
Next is the SEC. Trump promised to get rid of the head of the SEC, so the choice will be made in favor of a more loyal to cryptocurrencies person.
In general, the fundamental background for cryptocurrencies is very bullish, altcoins may finally go straight to the moon.
Technically, bitcoin has a key resistance of 76900 at the moment, as well as key support zones, which is worth paying attention to as the price has been forming a local accumulation for two days. Accordingly, the move may continue in the near term.
Resistance levels: 76900
Support levels: 75650, 74560, 73550
The price is squeezing in front of the resistance, which may lead to a breakout. But, the liquidity is decreasing on the weekend, which may lead to a small correction, for example, to 75650 or other areas lower on the chart. We can't talk about any selling now, the reason is obvious, so we are looking for strong resistance levels (to continue the movement), or strong support levels (to bounce with the purpose of buying).
The target of 100K is becoming more and more real ;)
Rate, share your opinion and questions, let's discuss what's going on with ★
BINANCE:BTCUSDT ;)
Regards R. Linda!
Bitcoin Log Trend Curve - Feb 2025 peakJust wanted to draw a curve matchin the logarithmic trend of BTC price.
By this estimate we see a peak in Feb 2025 of about 95,000. But the price would only go down or sideways from here. I drew these lines in October of 23, but never published it - and so far it's following the trend. Just a fun thing I wanted to try, idk if it means anything.
What do y'all think...Shall we continue the groove?Hey everyone, just messin around with random ideas. Who knows, honestly just wanted to publish this because it might just work.
Some close numbers in the previous two bear to bull cycles. I just measured the highs&lows of previous cycles along with duration.
The numbers for the two previous full cycles were pretty close, so I just mapped the average out for our current situation.
Still can retest lows but too much beyond that is probably out of sight.
Dunno, not financial advice and just experimenting.
Any insight?
Hope everyone is well, thanks for your time.
Continuation of the altcoin bull run in the new weekTo date, the market has moved to the main movement of the quarterly candle, in anticipation of which purchases have been going on all last month. I have outlined the goals for bitcoin in previous reviews, it is 90-100k by spring, with the reaction of the altos after fixing the cue ball above 75k. On the air, I think the situation will be more difficult, because I expect the continued growth of the dominance of the cue ball. At the moment, after opening the month above 2500, we headed for the test of the 3000-3250 range, which I designated as the target. Further, the dynamics are likely to become more complicated. From 3250-3400, there is a possibility of a rather sharp correction for a retest of 3000. But the growth interval at the moment is the first half of the month at least, and therefore, from the middle of the week, I think growth will resume with an attempt to test the key level of 3500, opening the way to 5000.
The fate of the monthly candle will be decided after the middle of the month has passed and, given the opening of the month in the flat zone below 2750, there is a possibility of a major pullback as part of a correction on the monthly schedule. That is, after the growth next week, I recommend taking a closer look at the market and money management, reducing positions by the end of the week. Since the probability of growth prevails until the end of the year, after a monthly pullback, purchases can be expected to resume by the end of the month with the trend continuing in December. This week, the reaction of the altos to the entrenched trend of the cue ball began, but in the coming week we can expect more intensive purchases after a possible pullback at the beginning of the week.
After the prolonged fall of the altos, the current breakouts are a movement against the bearish trend and indicators, which makes the growth rather short-term and unstable. This dynamic makes many altos quite dangerous, because in the absence of a breakdown in the wake of market growth, coins can continue the formed bearish trend with taking lower levels.
The coins that I considered for work, regardless of the market, there is a very good dynamics. Almost everything provided good earning opportunities. At the moment, another delisting has taken place and in anticipation of a new announcement, I recommend avoiding working with coins of the monitoring tag in the first half of the week because they may get into the next delisting. Starting from Wednesday afternoon, oax and vite can be considered again. Pros has worked out the target on a retest of 0.75 and is quite overbought, so far I am not considering it for work. Firo and akro can also show an increase of up to 50%+.
Among the more reliable options for working without a monitoring tag, vib and ast remain the most interesting, with a growth potential of up to 50-70% from current levels at least. Ast has an incomplete emission and has been delisted from okx, which is why it is worth working with it more carefully than with vib. Given the delisting from another exchange, I think ast may be assigned a monitoring tag in the future, which will lead to a sharp drop.
Along with vib, I consider gft as the main tool for work. Despite the monitoring tag, the token has great liquidity and growth potential with targets at a retest of 0.025-35 at least.
My thoughts are giving me no peace with this idea 2 I've updated my expectations regarding the altseason after reviewing the statistics. I believe the growth of altcoins will happen in two phases: first, a drop in Bitcoin dominance to 40%, followed by a recovery to 45-50%, and then a crash below 30%. I'll share any updates if I make any fixes. The scenario is invalidated if dominance rises to 65-70%
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 CryptoSniper's Bitcoin prediction --- $140kIf we can envision a Inverse Head and shoulders forming.
With a horizontal neckline coming in at around $47.5-48k
It gives us a LOG projection north of $140k
Draw it out yourself and see :)
A linear target would be much more subdued and give us a $80k target
And trap people below that magical figure for close to a decade , if u tack on a bear market that would follow.
That could really hurt #Bitcoin's traction in gaining new buyers going forward (especially on the retail level)
But lets's be optimistic and aim high
but recognise the value of having BOTH targets in mind.
@TheCryptoSniper Thank you for your ongoing education and dedication to your craft.