primary near term target at 105-109k level on BTCBitcoin now fully in bullish breakout sequence on monthly and weekly timeframe.
Aiming for advancement beyond 100k to 105-109k zone before additional possible consolidation. Would not be a reason to sell but rather to add more!
RISK IS NOW SOLELY TO THE UPSIDE imo.
After we clear above 125k on weekly and monthly, I don't think it'll be long at all until it runs to 1 million.
Btc-e
80k - 82k might be the next stop for BTC!Hello TradingView Family / Fellow Traders,
📦 From a macro perspective, BTC has been trading within the large channel highlighted in orange.
The upper boundary of the channel intersects with the 80k round-number zone, which could serve as a strong area for the bears to initiate a correction.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Alikze »» ETH | Ascending channel🔍 Technical analysis: Ascending channel and corner alcove formation in the green support box area
- Continuing the analysis of the previous post , the Ethereum currency faced selling pressure after reaching the daily and weekly supply range.
- After the formation of a Double Top pattern, it has had a zigzag correction to the green box range.
- It is currently moving in an ascending channel, where the recent correction has intersected with the bottom of the channel and the green box.
- Therefore, I expect it to grow up to Fibo 0.78 and the dynamic trigger after the swing breaks and creates a higher LH.
- In addition, a corner pattern with higher bottoms of the ascending channel is also formed.
💎 Alternative scenario: If it fails to break the swing and does not stabilize above it, and also sharply corrects towards the green box, it is most likely that it will break it and continue correcting towards the Buyer Zone.
💎 Probable scenario: Currently, the probable scenario is the bullish scenario according to the bullish channel and also the corner pattern pattern. Therefore, after reaching the goal, the dynamic update will be done again.
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BINANCE:ETHUSDT
BTC DOMINANCE After a Trump victory the markets are booming, a new BTC ATH pushed bitcoin dominance to new local highs of 60.6%. Now we've seen a decent retracement on the daily candle and BTC is still in price discovery. This indicates to me that we have an altcoin resurgence on our hands, returning confidence in crypto and the green light for crypto support by America is a very important to this current rally.
I could see BTC dominance dropping to 59.5% before any continuation (bottom of the trend channel) higher and that's not particularly from a BTC selloff although that is possible as a SFP, but more likely is just BTC staying where it is and altcoins making up some ground.
RSI has dropped out of the oversold zone with this daily candle, a cool off is eventually inevitable as long as price stays flat while RSI cools it's very bullish.
A lot of that altcoin move needs to be from ETH imo, with BTC @ ATH Ethereum is 72% away from ATH... A massive difference and one that should close up going into Q1 2025.
The standard process for a crypto bullmarket is:
BTC --> ETH --> LARGE CAPS
--> MID CAPS --> SMALL CAPS
So far we're clearly still in the BTC phase, keeping a close eye on the ETHBTC chart to see if the momentum shifts towards Ethereum but that doesn't seem likely until next year at the earliest.
Alikze »» ENJ | Descending channel - 4H🔍 Technical analysis: Wave 3 or C bullish scenario - 4H
- In the 4-hour time frame, according to the previous analysis , after the support in the range of 0.1465, it faced demand, which was able to grow to the middle of the channel.
- It faced selling pressure in the middle of the channel, which led to a zigzag correction to the 0.122 range.
- It is currently moving in a descending channel, which is at the ceiling of the channel and there is also a supply zone.
- Therefore, in case of selling pressure, it can face support in the specified limits or green box and lead to a price growth up to the specified supply area.
💎 In addition, it should be noted that if the green box is broken, the bullish scenario is validated and can have another corrective leg.
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BINANCE:ENJUSDT
#BITCOIN is down today BUT #FDIG suggests upsidefor the #crypto space
as are the #BTC miners which are performing admirably.
So we have a disconnect going on between wall st and the overall crypto space which is non euphoric and has completely reset sentiment since March.
My view this gets resolved to the upside , follow the smart money.
#HVF
@TheCryptoSniper
Here is a quick analysis based on the new BTC/USD chart.The chart shows a significant upward trend in Bitcoin's price. It seems that the price has broken out of the previous consolidation channel and is now heading towards a major ascending resistance area, the upper boundary of which represents nearly $100,000.
Bitcoin maintains an upward trajectory with strong support from the lower trend lines.
The $88,000 to $100,000 target area is a strong resistance area where we could see some price consolidation or rejection.
If BTC can break this resistance with strong momentum, it could signal a substantial long-term bullish phase.
Be wary of potential pullbacks as BTC approaches these key resistance areas. Let me know if you would like more information on specific indicators or trendlines!
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
ETH Bearish divergenceEthereum is currently displaying signs of a bearish divergence on lower timeframes, a signal that often indicates a potential slowdown in upward momentum and the likelihood of a correction. Despite the bearish signal, the ongoing correction appears to be relatively shallow, suggesting that the underlying bullish structure remains intact.
A retracement to the 0.382 Fibonacci level could present an attractive buying opportunity for traders looking to enter at a lower risk point. This level is often viewed as a key zone for price reactions during corrections, providing a favorable balance between value and momentum for long-term positions.
Bitcoin surprise target
Bitcoin has touch $77.000 and make significant price movement. I really like this bullish momentum combined with US. election result. Now I want to share with you what I see in the chart on BTC. Maybe just little annoying for some people but this what I found on the price chart for Bitcoin price movement. From my simple analysis the price is going down to $71.500 - $72.000 for temporary movement before continue the next path price. The support gap is not filled yet because the price bulls so rapidly from my perspective. Remember this is not financial advice please use your own analysis to do action in the market.
Volatility Period: November 9-11
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(USDT 1D chart)
It's showing a big gap uptrend after a long time.
It seems that a lot of funds are flowing into the coin market.
(USDC 1D chart)
USDC is also showing a gap uptrend.
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(BTCUSDT 1D chart)
It touched the left Fibonacci ratio 1.618 (76787.43) point.
And, the BW indicator has risen to the 100 point.
The BW indicator is an indicator that comprehensively evaluates the MACD, StochRSI, OBV, and ATR indicators.
Accordingly, if the BW(100) line is generated when the BW indicator falls from 100, it is highly likely to lead to a decline, so caution is required when trading.
If the decline begins, the key is whether it can be supported around 71280.01-72344.74.
The 71280.01 point is the BW(100) point of the 1M chart, so if it shows resistance near 71280.01, it is likely to show a large decline.
(For this discussion, please refer to the idea of "Never HODL at the highest point even if the profit is small.")
However, since the BW(100) point of the 1W chart is created at the 68393.48 point, if it falls below 68393.48, it is expected to lead to a sharp decline.
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Since it is out of the upper part of the linear regression channel, it will soon enter the channel.
At this time, you should check whether the BW(100) line is created and think about a countermeasure for it.
Based on the above, I think it is a good idea to set the 72344.74 point as the stop loss point and re-select the start of trading based on the movement thereafter.
-
If it is supported and rises near the left Fibonacci ratio 1.618 (76787.43), the next target is near the right Fibonacci ratio 1.618 (89050.0).
However, before that, there is a possibility of resistance in the 79902.66-80999.68 range and near 83646.12, so you should also consider countermeasures for this.
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If you are thinking of making a new trade, I think it would be good to start by confirming that the price has entered the linear regression channel and is supported at the support and resistance points.
If you want to trade right now, I recommend buying when the BW(100), HA-High indicators on the low time frame chart break upward and show support.
If the BW(0), HA-Low indicators are generated, buy when they show support.
The 5EMA on the 1D chart is passing around 74K.
Therefore, high volatility is expected to occur when touching the 5EMA on the 1D chart.
-
Have a nice time.
Thank you.
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- Big picture
The real uptrend is expected to start after rising above 29K.
The area 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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