Bitcoin Roadmap==>>Short-termBitcoin ( BINANCE:BTCUSDT ) is moving near the Support zone ($95,000-$90,870) and 50_SMA(Daily) , also Bitcoin managed to break the Descending Channel . Although the main Ascending Channel has been broken in the above time frame , I still expect the pullback to the main ascending channel to continue.
Regarding Elliott wave theory , Bitcoin seems to be completing microwave Y of the main wave 4 .
I expect Bitcoin to rise to at least the 🎯Targets🎯 I have specified on the chart .
⚠️Note: If Bitcoin breaks below the Support zone($95,000-$93,500), there is a high probability that Bitcoin will go below $90,000.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
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-e
Bitcoin Analysis==>>Bears' Turn for Selling Pressure!!!As I expected , Bitcoin ( BINANCE:BTCUSDT ) rose to the Resistance zone($100,000-$98,130) , the lower line of the ascending channel and 100_EMA(4H TF) .
According to Elliott's wave theory , Bitcoin is completing wave 4 . The structure of wave 4 is Double Three Correction(WXY) .
Also, the Volume of candles that brought Bitcoin up to the Resistance zone($100,000-$98,130) is not significant for me.
I expect Bitcoin to at least fall to the Support zone($95,890-$95,540) . And if the support zone breaks, we can expect another attack on the Support zone($95,000-$90,870) and 50_SMA(Daily) and fill the CME Gap($94,435-$93,935) .
⚠️Note: If Bitcoin goes above $100,000, we should expect more PUMPS.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
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 → High risk. Falling towards 70K or rising towards 100K?BINANCE:BTCUSD is forming a correction phase after Powell's speech last week. If the price goes beyond the accumulation boundaries, there will be a risk for a strong fall as the price is approaching the panic zone...
Bitcoin is still in high demand, but private traders are going into a phase of profit taking after negative news, while institutional traders are taking advantage of the moment and buying the asset at a cheap price. But it doesn't mean anything.
Fundamentally, Trump gives a big chance to the cryptocurrency market, but after winning the presidential election the excitement starts to fade and then the risk of revaluation increases. If the market does not get what it was promised, a deep correction may occur. Also, the Fed played a negative role last week: slowing down the rate cuts and negative tone about the strategic reserve and reluctance to have BTC on their balance sheet.
Technically, despite the breakout of the ascending channel support, the price is still inside the 99K - 86K consolidation
Resistance levels: 99300, 103600
Support levels: 91780, 86700, 82700
The price is approaching the support. If the market keeps the price in this zone, bitcoin will have a chance to recover to 100K. But, if the fight for 86-84K zone starts, then everything will depend on the general market background, a negative background can provoke a breakdown of strong support and the price will fall into the void zone...
Regards R. Linda!
BTC/USD : Another Bullish Move Ahead? (READ THE CAPTION)By analyzing the #Bitcoin chart on the 4-hour timeframe, we observe that after our previous analysis, the price surged to $108,400 before experiencing a sharp decline, correcting down to $92,000. Currently, Bitcoin is trading around $93,800. If the price manages to stabilize above the $90,600 to $92,300 range, we could anticipate further growth for this cryptocurrency. This analysis will be updated.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Bearish reversal?The Bitcoin (NTC/USD) is reacting off the pivot which acts as an overlap resistance and could drop to the 1st support.
Pivot: 99,238.95
1st Support: 94,532.95
1st Resistance: 102,235.80
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Unpopular opinion: Bitcoin is worthless. Read why.This idea goes against what BTC whales want you to believe, but it’s my educated conclusion. Let me explain why, and it might change your perspective.
The Origins of Bitcoin
Bitcoin was the first cryptocurrency, created by Satoshi Nakamoto in 2008 as the pioneer of blockchain technology.
Big BTC holders claim it’s “digital gold” with a limited supply. Influential figures and institutions like Michael Saylor, BlackRock, and Fidelity promote this narrative, urging you to adopt their logic and buy in.
It’s true that with such big players and media support, Bitcoin’s value has grown tremendously. But does that mean their claims are valid? Let’s dive deeper.
The Problem with FOMO
Today, a coin like “Fartcoin” can pump 50% and make it into the top 100 cryptos. Why? Because convincing people to buy something often works, even if the product lacks long-term value or sustainability. This phenomenon, driven by FOMO (Fear of Missing Out), does not guarantee intrinsic worth.
Let’s Get Logical
Crypto is inherently complex and difficult for the average person to understand. Many simply follow what “smarter” people or influencers say on social media. Even major institutions like BlackRock and traditional finance (TradFi) players have only been in the Bitcoin game for a few years—they’re newcomers to the space.
Now, ask yourself: If Bitcoin is the first cryptocurrency, does that automatically make it the best?
Do we still drive the first cars ever created?
The Flawed First-Mover Advantage
BTC whales want you to believe that the first is the best and will always remain so. They ignore the concepts of improvement, innovation, and technological advancement. Essentially, they’re asking you to buy the “first car” because they own a lot of them.
In reality, Bitcoin was an experimental product that proved finance could exist without traditional banks. It was revolutionary at the time, but technology has since advanced far beyond Bitcoin. Modern blockchain projects, Layer 1 solutions, NFTs, and smart contracts are faster, more sophisticated, and more innovative.
Bitcoin is the “first car,” but it belongs in a museum. The financial system, however, is still riding it to extract as much money as possible before its limitations become widely apparent.
Bitcoin’s Lack of Utility
The internet became mainstream within five years, revolutionizing communication, entertainment, and commerce. Yet after 18 years, Bitcoin remains largely useless—propped up by those who own it and fueled by speculation rather than utility.
This focus on Bitcoin has stifled innovation, as other promising crypto projects struggle to gain attention due to the media’s obsession with BTC.
Why Bitcoin Is NOT Digital Gold
The comparison between Bitcoin and gold is misleading and fundamentally flawed:
Gold is a physical, tangible asset. It cannot be duplicated, and there are costs associated with mining, refining, and maintaining it. It has intrinsic value due to its beauty, utility, and millennia-long cultural significance.
Bitcoin, on the other hand, is a digital object. By nature, digital assets are infinitely reproducible at no cost (copy function in the computer). While Bitcoin’s cryptographic system creates artificial scarcity, its utility can be replicated and improved by countless other projects.
The Fragility of Bitcoin’s Protection
Bitcoin’s value relies on its blockchain’s cryptographic protections, which prevent duplication and ensure secure transactions. However, no digital protection has ever been immune to hacking. Over time, as technology advances, it’s possible someone could crack Bitcoin’s security, change the blockchain, or access wallets by breaking passphrases.
Do you know any protection that lasted forever? Ask Apple and their DRM, ask Microsoft with their software projections.
If that happens, Bitcoin’s value could plummet to zero. Wall Street knows this, and they are profiting while they can. When a hack or major failure occurs, they’ll exit the market, leaving retail investors to bear the losses.
Conclusion
Bitcoin is not “digital gold,” nor is it a reliable store of value. It was an incredible invention that paved the way for blockchain technology, but its time as a leader is nearing its end. Innovation and technological progress have outpaced Bitcoin, and the idea that it will remain dominant forever is a narrative pushed by those who stand to gain the most from it.
Thanks for reading.
Bitcoin can little correct and then continue to grow in rangeHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price declined to the resistance line and rebounded at once and made impulse up. BTC rose to a support level, which coincided with the buyer zone, but firstly it made a small correction and some time traded below the 92500 level. Soon, the price broke this level, after which it started to trades inside the range, where it at once made a retest and tried to grow, but later corrected the support level. Next, the price continued to move up and reached the resistance level, which coincided with the seller zone, after which corrected the resistance line. After this movement, BTC at once rebounded and rose to the seller zone and even higher, breaking the 103500 level. But soon, the price turned around and dropped to the support level, breaking the resistance level with the resistance line. Then the price turned around and a not long time ago started to grow. For this reason, I think that Bitcoin make a small movement down to almost the support level and then continue to grow to the 103500 resistance level inside the range. That's why I set my TP at this level. Please share this idea with your friends and click Boost 🚀
DAY 5 - Daily BTC Update Merry Christmas!Yesterday's Update
🎄 Merry Christmas, TradingView Fam! 🎄
The BTC bulls are delivering a gift this holiday season 🎁! After a strong bounce, Bitcoin is eyeing $100K today, setting the stage for a spectacular Christmas Day rally.
Here’s the roadmap:
🎯 First Pivot: $100,800
🎯 Second Pivot: $105,720
Breaking through these levels will set BTC on Pathway 1, as outlined yesterday, and reinforce the bullish momentum. 🚀 (Although not breaking the first pivot could see Pathway 2)
Santa seems to have packed his bag with a Bitcoin rocket this year! 🌕
Wishing you all a magical Christmas!💫
See you all tomorrow! <3
BTC / USDT Update During Christmas Days```During the Christmas holidays, minor corrections occur due to low volume```
A major correction has already occurred from 108K, as predicted. Now, hopefully, one more correction will happen during the Christmas holidays. However, the trading volume during Christmas 🎄🎁 will likely be low. Gradually,is expected to move upward 📈, breaking 108K, creating support at 105K, and then heading toward its next and final leg up to 123.5K, 143.5K, and 163.5K.
After that, the bear market will hopefully begin, likely around March/April, with a maximum extension until May at the latest.
I will update you before the market peaks, the bear market starts, or the time comes to exit the market based on my system.
EIGEN Price Analysis – Key Levels and OutlookRecent Performance:
Retracement: EIGEN has retraced to the midpoint of its November-December rally, testing a critical support zone as it approaches a period of heightened supply due to a token unlock event.
Higher-Timeframe Support: Begins at $3.3792, corresponding to the high of the November 25th bullish gap.
Support Levels:
Primary Support Inside Gap:
$3.3000: November 11th's weekly high, offering initial support within the gap.
$3.1911: November 4th's rejection level, representing stronger secondary support.
Deeper Support: If the gap fails, the next significant zone lies at:
$2.8932: November 24th's bullish gap.
Aligns with November 11th's weekly accumulation midpoint, providing robust support for potential reversal.
Upside Targets:
Short-Term Resistance:
$4.4820: December 21st swing high, where bears’ stops could cluster.
$4.6355: December 14th rejection, likely to act as a significant resistance level.
Long-Term Targets:
$5.0213: December 16th's distribution zone, beyond which resistance appears minimal, allowing for potential price discovery.
Key Considerations:
Token Unlock Impact: Bulls may wait to absorb the newly unlocked supply before initiating significant buying activity.
Breakout Conditions: A decisive move above $4.4820 with volume could trigger a cascade of short covering, driving momentum toward $4.6355 and beyond.
Failure Scenario: A breakdown below $2.8932 would invalidate the bullish structure, signaling deeper retracement and potential accumulation at lower levels.
Example of how to trade without chart analysis
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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Since the coin market can be traded 24 hours a day, 365 days a year, gaps do not occur as often as in the stock market.
(However, gaps may occur frequently in exchanges with low trading volume.)
In any case, I think that these movements provide considerable usefulness in conducting transactions.
Sometimes I told you to buy when the price drops by -10% or more.
Today, I will tell you why.
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In order to trade, you must have basic knowledge of charts.
Otherwise, you are likely to conduct transactions incorrectly due to volatility.
However, such cases are less common in the coin market than in the stock market.
One of the reasons is that the current coins (tokens) are not being used for actual business purposes.
So, I think there are quite a few issues that cause volatility other than charts like stocks.
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If the price falls one day and falls by about -10% from the high before a new candle is created, I buy.
The next day, if it falls by about -10% from the high again, I buy again.
When it falls by about -10% like this, I continue to buy in installments.
That's why I need to adjust my investment ratio.
-
If I buy like that, there will come a point where my price rises more than the average unit price.
In that case, when I'm making a profit, I sell the amount corresponding to the purchase principal in installments and leave the number of coins (tokens) corresponding to the profit.
If you want cash profit, you can sell a certain portion in installments.
Also, on the contrary, when it rises by about +10%, we proceed with a split sale.
-
As shown in the example chart, you can see that there are not many cases where it rises by -10% or +10%.
However, since it occurs more often in the case of altcoins than in BTC or ETH, you should pay special attention to adjusting your investment ratio when trading altcoins.
That is why you must check the price fluctuation range 1-3 hours before a new candle is created on the 1D chart.
This method is a method that can be traded even if you lack knowledge about charts.
If you let go of your greed a little and have the ability to split sell when you are making a profit, you will be able to meet the moment when a crisis becomes an opportunity.
-
Thank you for reading to the end.
I hope you have a successful trade.
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BTC vs USDT.D - Who Follows Whom?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I always keep an eye on USDT.D to gauge the overall sentiment of the crypto market.
📚 Today, I want to demonstrate the correlation between BTC and USDT.D:
- A couple of weeks ago, BTC was rejected at the $108,000 zone, while USDT.D bounced off the 3.6% support.
- BTC is currently hovering around the lower bound of its rising wedge, while USDT.D is approaching the upper bound of its falling wedge.
- As long as BTC doesn't close a full day below the blue trendline and USDT.D doesn't close a full day above the upper red trendline, this phase can be considered a correction.
- Conversely, if both trendlines are breached, expect a momentum shift, potentially leading to a deeper bearish movement in the crypto market.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BITCOIN in a LIVERMORE FunnelThe accumulation and distribution volume matches the positive and negative money flows of the first 5 waves in a Jesse Livermore stock cylinder.
Will wave 6 see a rush of positive money flow into #Bitcoin into the end of the year?
Let's see
If it does
then that will further cement this pattern of accumulation , sideways movement then breakout with continuation of buying power into the Bull market top.
Let's observe this in real time shall we?
Should be a fun few months ahead of us after a long period of churn.
S/O to @arvine11 for bringing up the Livermore stock trend analysis.
Bitcoin can leave pennant and then rise to resistance levelHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price entered to upward channel, where it soon reached the 94500 support level and then broke it. Next, the price made a retest and then tried to grow more, but later turned around and made a correction below a support level, after which in a short time, it backed up. Then BTC some time traded near the support level and later rose to the seller zone, where it at once turned around and rebounded down until to 90500 points. But soon, BTC backed up to the channel and then started to grow to a 103000 resistance level. When it reached this level, the price broke it and soon reached the resistance line of the channel, then it exited and rose to 108300 points, after which turned around and made a downward impulse inside the downward pennant. In this pattern, the price broke 103000 with 94500 levels and reached the support line of the pennant, which is located inside the buyer zone. Then price bounced up from this area and a not long time ago fell back and then rose to the resistance line of the pennant. Now, the price continues to trades near this line and I expect that the price can little decline below the resistance line. Then it started to grow to 103000 resistance level, thereby exiting from the pennant. For this case, I set my TP at this level. Please share this idea with your friends and click Boost 🚀
Interpretation of 50 MA (Moving Average) on Chart
The 50-day moving average (MA) (red line in the chart) is a widely used indicator that helps identify the trend direction and acts as a dynamic support or resistance level. Here is how it applies to the current chart:
Current Overview:
Support Role:
The 50 MA is closely aligned with the green support area, reinforcing this level as a strong dynamic support.
The price has historically respected the 50 MA as support, evidenced by previous bounces near this level.
The upward slope of the 50 MA indicates that Bitcoin is still in a bullish trend on higher timeframes.
The bullish structure remains intact as long as the price stays above the 50 MA.
The convergence of the 50 MA with the green horizontal support area (~$92,500–$95,000) adds significant strength, making it a key level to monitor for a potential bounce.
Bullish Case:
If the price is above 50 MA, it could act as a launching pad for the next upward move.
A bounce off this level could target the $102,500 or $110,000 levels.
Bearish Case:
A breakdown below the 50 MA and the green support area could signal a trend reversal or a deeper correction.
The next support after this would be at $85,000–$90,000 or the lower range around $77,500.
Key Points:
The 50 MA is a crucial support level at the moment. Traders should closely monitor price action near this level. A strong bounce could confirm a bullish continuation, while a breakdown could indicate increased selling pressure.
Let me know if you would like further clarification or additional analysis!
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
DYOR, NFA
@Peter_CSAdmin
$BTC correction bottom is $85000All the fanboys—Crypto Rover, Ash Crypto, Satoshi Stacker, Banter, etc.—are singing the same tune: *"We're back!"* They claim CRYPTOCAP:BTC is still in a bullish pattern, that the December 20th -15% crash was just an anomaly, and so on.
As usual, these CRYPTOCAP:BTC enthusiasts are acting like PR agents for Blackrock and Sailor, hyping the market to attract your money.
If you're into altcoins, be cautious—the charts are telling a different story than their optimistic chatter.
Remember June 2024? They were promising rewards if CRYPTOCAP:BTC hit $80K by the end of the week. How generous! And yet, CRYPTOCAP:BTC dropped -31%, with many altcoins plunging -80% over the following three months.
I sent my weekly chart showing bearish divergence to all of them back then. None paid attention, and I was right.
This time, while we're not in an identical scenario (the weekly timeframe still looks bullish), the daily timeframe shows a clear downward trend. Until this plays out, there's no reason to get overly optimistic.
This means we could see selling pressure for the next week, dragging most altcoins down with CRYPTOCAP:BTC as the correction completes. The expected bottom for CRYPTOCAP:BTC is around $85,000, give or take. After that, the bull run should resume—I don’t think we’re heading into a bear market just yet.
As always, DYOR!
Bitcoin’s December Outlook: Consolidation or Trend Reversal?Bitcoin Bull Market: Is It Over? A Closer Look at December's Impact
Bitcoin (BTC) has demonstrated resilience in December, with a modest decline of less than 2.5% as traders anticipate the crucial monthly and yearly candle close.
BTC Price Performance in December
Despite being approximately $15,000 below its recent all-time highs, BTC/USD has only depreciated by 2.4% compared to its December opening. This positions Bitcoin as a strong performer in 2024, with the broader bull market narrative remaining intact upon a long-term perspective. Analysts project a potential 145% price increase for Bitcoin from this year's levels.
Key Insights for the Week
The coming week holds significant importance for Bitcoin's trajectory. A weekly candle close below $92,800 could signal the start of a bearish trend, potentially driving prices toward $79,580 and $71,400 in January. Conversely, if Bitcoin stabilizes above $92,800, it is likely to trade within the range of $92,800 to $103,760.
For a renewed bullish outlook, a daily candle close above $103,560 is critical, as it would pave the way for upward movements toward $127,510 and $149,100.
Key Levels to Watch
Pivot Line: $92,800
Support Levels: $79,580, $71,400, $64,920
Resistance Levels: $103,757, $127,511, $149,100
Trend Outlook
Consolidation: Between $92,800 and $103,760
Bearish Trend: Below $92,800
Bullish Momentum: Above $103,560
Bitcoin Short - Final Squeeze?Negative ETF Inflows and positive ETF Outflows. We go after data right? I'm bearish until ETF data prooves otherwise. Which level will be the final one? I'm deciding on speed and time above 100k. For now target is 104-105.5. If we hover around several days at 100k without hitting any, I'm more into the 103 lvl.
BTC is approaching the 99,000 resistance zone,BITSTAMP:BTCUSD BTC is approaching the 99,000 resistance zone, where selling pressure could emerge. If this level holds, the downside target remains at 86,000, which aligns with a significant support level. Keep an eye on price action and momentum indicators for confirmation before entering a position.
Entry Position:
- **Sell Entry:** Around 98,900–99,100 (to account for potential resistance zone fluctuations).
Stop Loss:
- **Stop Loss:** 99,600 (above the resistance zone to manage risk).
Target:
- **Take Profit:** 86,000 (key support zone).
Risk-Reward Ratio:
- Ensure the risk-to-reward ratio is at least 1:2 to maintain a favorable trading setup. Adjust your position size accordingly.
Keep monitoring for bearish confirmation signals (e.g., rejection wicks, bearish divergence, or a breakdown of intraday support).
Bitcoin (BTC/USDT) –1 H Timeframe AnalysisBitcoin (BTC/USDT) is currently testing a blue trendline resistance. If the price successfully breaks out of this trendline with confirmation (e.g., strong volume or bullish candlestick patterns), it could signal a continuation of the uptrend.
The Target
After the breakout, the next target aligns with the red zone, which serves as a key resistance area and potential profit-taking level.