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BTC Dominance updateHere’s a simplified version of the explanation: --- **BTC Dominance Update: Key Insights** This chart shows the movement of Bitcoin dominance over time, highlighting important patterns and potential scenarios: 1. **Resistance Line**: - BTC dominance has reached a long-term resistance line (Point B), where it’s likely to face rejection. 2. **Wedge Break**: - The ascending wedge pattern has broken down (Point A), which is usually a bearish signal. 3. **Next Move (ABC Pattern)**: - There’s a possible ABC correction forming, with dominance likely to drop further towards lower support levels (Point C). 4. **Market Impacts**: - If BTC dominance falls, altcoins might perform better, offering opportunities in the altcoin market. **Conclusion**: Keep an eye on the key resistance and support levels shown in the chart. These movements will provide clues for Bitcoin and altcoin trends. ---
CRYPTOCAP:BTC.DShort
by Tradeaione
Be prepared. Calm before the storm $BTCWe’re in the toughest part of the cycle—waiting for #Bitcoin (and other tokens) to make a new low before jumping back into the market. 🕒 It’s challenging, not just because we all want to time the bottom (let’s face it, who doesn’t want to buy the bottom? 🙌), but also because it’s tough to stay calm when portfolios are showing negative numbers. 📉 Seeing a sudden -30% on a recent token purchase can shake anyone’s confidence. But remember: Successful investors stick to their thesis. ✅ They buy when their strategy signals “Buy.” ✅ They don’t look back. 📊 Bitcoin’s Cycle Low: Bitcoin is approaching its cycle low, likely forming shortly after the New Year. 🎉 This presents an ideal buying opportunity for those following the cycles. 💡 Profiting by following cycles isn’t rocket science—it’s about patience and executing a solid plan. Stay grounded during your celebrations, trust the cycles, and position yourself for success. 🚀
BITSTAMP:BTCUSDLong
by TheStrategyMaster
1
BTC at a Critical Juncture: Should You Top Up Your Long Position🚨 BTC at a Critical Juncture: Should You Top Up Your Long Position? 🚨 Bitcoin's price action looks fragile as we enter the year's final days. With BTC hovering near the $92,000 - $87,000 support zone , traders are closely watching whether this key area will hold — or if a break below $90,000 will open the floodgates for further downside. The Setup: What's Happening Now? BTC is trading at $93,070 , testing major support. Failing to hold $92,000-$87,000 could invalidate bullish setups and signal a bearish reversal. The market is thin due to the holiday season, increasing the risk of snap volatility and liquidity sweeps . Key Factors to Watch 1. Critical Support Zone: The $92,000 - $87,000 range is where buyers have historically stepped in to push BTC higher. A break below $90,000 would be a bad sign for BTC and may lead to downside targets of nearly $80,000 . 2. Indicators: Momentum Reversal Indicator (MRI): No strong bullish reversal signal yet. Look for a Green Setup progression or daily price flip confirmation. RSI: If RSI approaches oversold levels (~30), it could signal an opportunity to DCA or add to your long position. 3. Macro Risks: Upcoming unemployment data may inject volatility into an already illiquid market . The broader risk-asset sentiment remains cautious, with global liquidity conditions weighing on bulls. Trading Decision: Should You Add to Longs? Yes, IF: BTC successfully tests and rebounds from $92,000 - $87,000 . Look for supporting signals like a Green Setup progression or bullish divergence on RSI. No, IF: BTC breaks below $90,000 on high volume. This would invalidate the current support zone, signaling more downside potential. Risk Management Tips Stop-Loss: Place it just below $87,000 to minimize risk. Take-Profit: Target $95,000 - $100,000 , but scale-out gradually if resistance strengthens. Leverage: Use 2x leverage cautiously , ensuring proper risk control. Closing Thoughts BTC is at a make-or-break moment. The $92,000 - $87,000 support zone could be a solid entry point for long positions if it holds — but a breakdown would bring downside targets like $80,000 into play. What's your take on BTC's price action this week? Are you adding to your long position or waiting for confirmation? Let's discuss this in the comments below! 👇
BINANCE:BTCUSD
by hydtie
Bitcoin's Path: $70K Correction Imminent Alright, let's use the historical data on that BTC/USD weekly chart as a foundation for my forecast. After seeing the way Bitcoin has moved in the past, I want to use that data to make some educated guesses on what might happen next. Key Points from Our Historical Analysis Here are the key points I'm using for my forecast: Large Bull Cycles: Bitcoin has shown the ability to make huge moves upwards, with gains reaching 500% or more. I will be mindful of this upside potential as a key point of my plan. Significant Corrections: Every major bull run has always been followed by a major correction, often with drawdowns of 50%, or even 80%. I understand that these corrections are not random, they are part of the natural price action of BTC. Recent Move: The recent move to 100k was a major sign of bullish activity. My Bitcoin Forecast: Based on these historical patterns and my understanding of market dynamics, here's my outlook for the next major move for Bitcoin: Anticipated Correction: Given the recent strong move, and the fact that we are entering the $100k psychological price point, I anticipate a significant pullback from current levels. I want to see a test of the $80k range, and possibly even the $60k range. Estimated Drawdown: Based on prior drawdowns, I expect to see a retracement of at least 30%-50% from the recent high (100k), which can bring the price down to a range between $50,000 and $70,000. Next Bullish Upside: After this retracement, I anticipate another bull phase. The percentage gained on these next phases may be less than the previous, but there is still potential for a massive move. I will be looking for confirmation of a reversal in trend before I jump back into a trade. Potential Upside Target: If this retracement does not go below the 60k mark, and then moves upwards, I would then start to target $150,000 as a mid term target. My Strategy for the Coming Months: Patience: I will be patient, and I will not chase the price upwards. I will wait for the market to confirm a clear trend before placing any new trades. Risk Management: I will be using a stop loss at all times, to manage my risk during these periods of high volatility. Confirmation: I will wait for the technical indicators and price action to confirm any upside moves. Important Notes: Not Exact Science: This is a forecast and not an exact science. No one can predict the future. This is simply an estimate using technical analysis to show the most probable outcome. External Factors: Other factors not shown in the chart, such as news events and market sentiment may have an impact to prices.
COINBASE:BTCUSDShort
by Abdihalim1
BTC pullback before inauguration?Merryy Christmas guys and upcoming New Year! Seems like we gonna meet New Year w BTC lower than100k... Looks a bit scary, but here is in short what we have: 1) Daily MA cross. Which is bearish sign 2) Divergence between raising BTC channel and volumes 3) If the price will follow the red line move, it will form double top pattern 🥲 My expectations: I think we could correct to Fib zone around 0,236 (87k zone) and after we should check. But anyway seems like correction should happen before to continue growing and this we most likely gonna see after inauguration. What you think guys? Help me dispel this scary picture 😅
Short
by SheTradesHub
Bitcoin Battles Between Key Support and Resistance – What’s NextBitcoin is currently trading near $94,500, resting on a strong confluence of support. The price is testing the 100 EMA on the 12-hour chart, which aligns with a critical horizontal support zone around $93,000. At the same time, a descending trendline is acting as resistance, keeping the price under pressure. A breakdown below the marked support zone could trigger a sharp decline toward the next significant level around $88,000. On the other hand, if BTC holds this support and breaks above the descending trendline, it could signal a bullish reversal, pushing the price back toward $98,000 and potentially higher.
BITFINEX:BTCUSDShort
by unichartz
BTC shows a 6% potential in the last 3 days of 2024.It seems we are back to the initial thesis, which is great since we already profited from the previous trade entry. Now, it feels like we’re seeing the same situation unfold again. Key indicators such as the Bollinger Bands, the 50-day moving average, the volume spikes from November 13th, sufficient corrections, and the support lines are all aligning similarly. On a fundamental note, I’d like to add the following: with just three days left until the end of 2024, there’s the “Santa Rally” phenomenon, along with the prevailing sentiment in crypto communities that it would be exciting to close the year with BTC reaching $100k. Such a milestone could act as a psychological boost, potentially fueling a strong movement for the entirety of 2025. The $100k level is also a significant psychological barrier. Taking all this into account, I believe this is a good opportunity to enter a position with the potential for short-term profit—up to 6%—over the next few days. However, we need to take into account the 80% correlation with the S&P 500, which is currently at its peak levels. That said, hedge funds and institutional investors are closing deals to meet their KPIs, which could provide additional support. Hopefully, this will sustain the overall positive vibe for the last 3 days of the year. Yours sincerely, Mister iM
BINANCE:BTCUSDLong
by themr-im
Tide Turning For Bitcoin? Reserves And Netflows Show ReversalBitcoin, the world's first and most well-known cryptocurrency, has experienced a rollercoaster ride since its inception. From its meteoric rise to its dramatic crashes, Bitcoin has remained a topic of fascination and debate for investors and financial analysts alike. In recent times, several factors have contributed to a sense of uncertainty surrounding Bitcoin's future, including regulatory scrutiny, market volatility, and concerns about its environmental impact. However, recent developments, such as increasing institutional adoption and positive netflows, suggest that the tide may be turning for Bitcoin. Bitcoin Institutional Adoption Accelerates as ETFs Show Investor Appetite One of the most significant indicators of Bitcoin's growing acceptance is the increasing interest from institutional investors. Traditionally, institutional investors have been hesitant to invest in Bitcoin due to its volatile nature and lack of regulatory clarity. However, as the cryptocurrency market matures and regulatory frameworks become clearer, more and more institutions are beginning to see the potential of Bitcoin as an investment asset. This growing institutional interest is reflected in the recent surge in for Bitcoin exchange-traded funds (ETFs). ETFs are investment funds that track an underlying asset, such as a stock index or a commodity. They offer investors a convenient way to gain exposure to an asset without having to directly own it. Recent Reserves and Netflows Indicate Market Reversal In addition to increasing institutional adoption, recent data on Bitcoin reserves and netflows also suggest that the market may be reversing. Bitcoin reserves refer to the amount of Bitcoin held on cryptocurrency exchanges. A decrease in Bitcoin reserves indicates that investors are withdrawing their Bitcoin from exchanges, which is often a sign of accumulation and a bullish signal. Netflows, on the other hand, refer to the difference between the amount of Bitcoin entering and leaving exchanges. Positive netflows indicate that more Bitcoin is entering exchanges than leaving, which can be a sign of selling pressure and a bearish signal. Recent data shows that Bitcoin reserves have been declining, while netflows have turned positive. This combination of factors suggests that investors are accumulating Bitcoin and that selling pressure is decreasing. These are both positive signs for the Bitcoin market and could indicate that a reversal is underway. Bitcoin Price Analysis: Navigating Volatility and Key Levels Despite these positive developments, Bitcoin's price remains volatile and subject to market fluctuations It has been noted a potential 'head and shoulders' pattern, a bearish technical indicator, which could lead to a significant price drop. This pattern suggests that Bitcoin's price could fall to as low as $80,000. However, there maintain a more bullish outlook, emphasizing the importance of the $90,000 level. It is argued that if Bitcoin can maintain this level, it could pave the way for further price appreciation. Conversely, if Bitcoin fails to hold this level, it could trigger a sell-off and push the price down to $80,000. Conclusion: A Cautious but Optimistic Outlook for Bitcoin In conclusion, several recent developments suggest that the tide may be turning for Bitcoin. Increasing institutional adoption, as evidenced by the surge in Bitcoin ETF filings, indicates a growing acceptance of Bitcoin as an investment asset. Positive netflows and declining reserves further support this notion, suggesting that investors are accumulating Bitcoin and that selling pressure is decreasing. However, it is important to remain cautious. Bitcoin's price remains volatile, and various factors could impact its future performance.13 The cryptocurrency market is still relatively young and subject to regulatory changes, technological advancements, and shifts in investor sentiment. Therefore, while the recent developments are encouraging, it is crucial to approach Bitcoin with a balanced perspective. Investors should conduct thorough research, understand the risks involved, and make informed decisions based on their individual circumstances and risk tolerance. Overall, the outlook for Bitcoin appears cautiously optimistic. The increasing institutional adoption, positive netflows, and declining reserves suggest that the market may be reversing. However, it is important to remain vigilant and adapt to the ever-changing dynamics of the cryptocurrency market.
BITSTAMP:BTCUSD
by bryandowningqln
Back to the Roots: BitcoinAs predicted in the previous analysis, Bitcoin was rejected at **$100k** and is now approaching a cycle low. 📉 📊 Current Analysis: ❌ We’re not at the bottom yet, and it’s not time to buy. 🔵 The 1-day indicator (dark blue line) is currently at **68** and looks poised to reverse to the downside, signaling a potential cycle break. ⏳ Even if this doesn’t happen, the 1-day cycle will need approximately a week to return to the **20 range**, marking Bitcoin’s 60-day cycle low. 📍 The low could form anywhere between **$85k and $91k**. 💡 Remember: **Cycles don’t predict prices; they provide timing bands for tops and bottoms.** 🔮 Next Cycle Outlook: ⚠️ The upcoming 60-day Bitcoin cycle doesn’t look promising: 1️⃣ The **1-week indicator** spent a significant amount of time above **80** and is now trending downward. 2️⃣ This cycle reflects the general trend for the next 1-2 months and currently leans **bearish**. 3️⃣ We may need more time before the market reverses to the upside. ✨ Despite this, there are intriguing opportunities in the market right now. More details are available in the **Premium group**. ✅ Stay safe, trust the cycles, and build your wealth.💪 Let me know if you’d like further tweaks! 🚀
BITSTAMP:BTCUSDLong
by TheStrategyMaster
Bitcoin at a Crossroads: Testing Key TrendlinesBitcoin’s current price action places it at a decisive technical level, where historical and recent trendlines converge. This area holds significant implications for the future direction of the market. 🔍 Key Observations from the Chart The Two Trendlines in Focus Old Trendline: This line, originating from the previous bull market, acts as a critical long-term support. Its historical significance makes it a widely-watched level for market participants. Young Trendline: This trendline represents the momentum of the latest bullish recovery. A break here could signal a potential shift in sentiment. Liquidity Cluster Around $92,500 A clear liquidity zone lies just below the current price. Such zones often attract price action as market makers seek to clear stop-losses or gather liquidity before determining the next move. Imbalance Zones Below Imbalances between $85,000 and $70,500 are visible on the chart. These areas represent inefficiencies in price action that could serve as potential targets if support levels fail. 🎯 Levels to Monitor Support Levels: Young Trendline (~$93,800): The first line of defense for bulls. Old Trendline (~$93,800): A breach here would signal a deeper retracement. Liquidity and Imbalance Targets: Liquidity Zone: $93,000-$92,000. Imbalance Zone 1: $85,000–$81,600. Imbalance Zone 2: $74,400–$70,600. Resistance Levels: If BTC bounces, watch for reactions near $98,000 and $100,000 as short-term resistance. 🤔 What Could Happen Next? Scenario 1: Support Holds If the trendlines hold, BTC could see a recovery toward $98,000 or higher, maintaining its bullish structure. Scenario 2: Break Below Support A loss of the young and old trendlines may lead to a retest of the liquidity zone at $92,500. If this level fails, the imbalance zones below become the next logical targets. Volatility Ahead With price so close to these key levels, whale activity and stop-hunting wicks are likely. Traders should prepare for possible fakeouts before the true direction becomes clear. ⚡ Key Takeaway Bitcoin’s position near these converging trendlines makes this a crucial moment. Whether the supports hold or price dips to fill lower imbalances, the upcoming moves will provide important clues about market sentiment heading into the new year. Patience and risk management are essential in this environment. Stay neutral, observe the price reaction to these levels, and let the market reveal its hand.
by SetKryptoBalans
BTC wait for pullback , not worth buying above 90k ...1. after previous high of 69000, we seen sharp down side from there btc recovered and formed a pattern 2. cup and handle or rounding bottom, after current breakout i found some interesting key points after a impulse move the short term target is calculated based on the handle and which was approx 50 % on the other hand the current breakout already has scored 55% from this neck line breakout 3. volume and fair price - if we consider 4nov weekly candle as breakout candle from that low to recent high, i projected the FIXED VOLUME PROFILE and found that 84280 and 82350 and second 79000 and 77350 can be the support zone or fvg or mean reversion zone which is also getting another confirmation with my 50dema in this scenario going back to basic if we have a sharp up side we cant expect the price to go vertically and market being dynamic 11-15% correction can be healthy pullback and good price to accumulate btc
Long
by Jimmy_Rebello
An other plan SHORT more for BTCUSD on H1 TF - continue FL break*Notice: It is Xmas and NewYear holiday so that the Market is very slow and low volume. ( reduce volume on your trading position ) About this Plan today: I saw a downtrend structure clearly on H1 timeframe I saw a confirmation Downtrend on Time Frame H1 (60) I saw a Break Sell - continue FollowTrend signal ==> Let's make a Plan for SHORT SELL BTC today Entry zone: 97500 - 98100 Stoploss: 99800 (and then trailing stoploss follow the SL-line) *These are expected targets. Target 1: 92000 Target 2: 86000 Target 3: 82000
Short
by KenvinZone
Bitcoin"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
COINBASE:BTCUSDLong
by Golden_candle