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Bitcoin Analysis: Key Support Levels and Market Trends 25.01.01Hello, this is Greedy All-Day. Today’s analysis focuses on Bitcoin (BTC). Daily Chart Analysis On the daily chart, Bitcoin is showing signs of rejection near the 99485 resistance level. The price has now moved back between the 20 EMA and 60 EMA, indicating a consolidation phase. The red box supply zone remains a critical level. If this zone fails to hold as support, the price could retest the lower support range of 70000–68000. Weekly Chart Analysis On the weekly chart, 89372 is the last line of defense for Bitcoin. Key scenarios: A breakdown below 89372 could lead to a correction down to the 82353 level, aligning with the weekly 20 EMA. If selling pressure intensifies, the price could drop further to the major support zone at 73835. Market Structure and Historical Context Historically, Bitcoin has followed a pattern of one-way rallies to new highs, followed by extended corrections and sharp drops before resuming its upward trajectory. However, since 2023, the pattern has shifted to a box-like, stair-step upward trend. This reflects increasing liquidity in the market and the emergence of new cryptocurrencies, which has led to capital distribution across a broader range of assets. Key Insight: Significant corrections typically occur only when the weekly chart closes below the 60 EMA and subsequently faces resistance. Until then, the market may continue a long-term consolidation phase. Conclusion For margin traders, this zone offers limited buying opportunities. Bullish Perspective: There is no clear buy signal at this time. Bearish Perspective: The trend remains uncertain, but a failure to hold the 89372 support level could trigger significant selling pressure. The daily chart is currently consolidating between the 20 EMA and 60 EMA. While it’s unclear whether the next move will result in a golden cross or a death cross, a clear breakout in either direction is likely to drive substantial momentum. Although this update doesn’t bring major changes to the previous week’s analysis, I’ll revisit Bitcoin as new developments emerge. Let’s stay patient and trade wisely. 🚀
COINBASE:BTCUSD
by Greedy_allday
Connection Between Bitcoin and Holiday Market trendHello and greetings to all the crypto enthusiasts, ✌ In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Bitcoin , 📚🎇 In recent years, brief declines in the cryptocurrency market, especially around the holiday season or year-end, have become a common trend. This behavior is a natural part of market cycles and doesn’t diminish the overall strength of the ongoing bull market. 📚✨ From a technical perspective, small pullbacks, often shown as red candlesticks, play a crucial role in sustaining healthy market momentum and supporting future growth. These corrections help with market consolidation, avoiding excessive overextension. 📚✨ If the market only experiences a continuous rise with no pullbacks, it could signal an unsustainable rally, which might result in a sharper decline later. Therefore, these temporary down periods are vital for the long-term stability and profitability of the market. 📚🎇 🧨 Our team's main opinion is: 🧨 Short-term declines in the cryptocurrency market, especially during the holiday season, are normal and necessary for maintaining long-term stability and growth. 🎇 Give me some energy !! ✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box. Cheers, Mad Whale. 🐋
Long
by MadWhale
6
Ai & OnChain Opportunities | Crypto insights for 2025How Base, Ai & Pump Fun Will Shape the Crypto Market in 2025 2024: A Milestone Year for On-Chain Growth The year 2024 may prove pivotal for onchain development, potentially rivaling the "DeFi Summer." Narrative driven investment opportunities are expected to proliferate, fueled by the widespread adoption of the “everything can be a Meme” concept and the rapid asset issuance popularized by Pump Fun. Meme projects can now launch without requiring top tier centralized exchange (CEX) listings, with market caps in the onchain space reaching approximately $1 billion. This presents significant profit opportunities for ordinary users, with toptier CEXs serving as the final stage for cashing out on-chain investments. Challenges for Established Assets Rising tensions between VCCoin and its community have led to underperformance for new assets listed on major CEXs, while older projects struggle to stay relevant. Many such projects lack motivation or fail to adapt to market changes, often adopting a passive strategy while awaiting unlock periods. Key Predictions for 2025 1. DEX/CEX Monthly Volume Ratio to Exceed 20% In December 2024, decentralized exchange (DEX) trading volumes hit a record $320 billion, marking over 200% year-over-year growth. The DEX/CEX ratio rose from 9.6% in December 2023 to 11.7%, peaking at 13.9% during the year. Continued improvements in Web3 wallets and on-chain tools, spearheaded by CEXs, along with the growing appeal of the Meme sector, are expected to accelerate user migration from CEXs to DEXs. 2. AI Agents/AI Meme Market Cap to Eclipse NFTs AI Agents integrated with tokenization have emerged as the fastest-growing narrative, with the total market cap for related tokens reaching $12 billion. Frameworks like ai16z’s Eliza and Virtuals Protocol’s Game Framework have gained dominance, enabling rapid deployment of AI Agent tokens. Virtuals Protocol’s VIRTUAL token leads the sector with a $3.5 billion market cap, bolstered by a robust ecosystem of subtokens. 3. Emergence of Vertical Launch Platforms The success of Pump Fun on Solana, a low-cost launchpad for issuing Memecoins, has inspired similar platforms across other networks. Specialized vertical platforms like vvaifu (AI Agents) and Pump Science (DeSci) are gaining traction. The expansion of the “everything can be a Meme” narrative is expected to drive demand for more niche launchpads. 4. Base Ecosystem Tokens to Debut on Binance The Base network, an Ethereum Layer 2 developed under Coinbase, is predicted to have at least five native tokens listed on Binance’s spot market. With a concentrated ecosystem led by Virtuals and Farcaster, Base is positioned as a key contender for listings. Integration with Coinbase Wallet and the potential for favorable U.S. policies could enhance its competitive edge. 5. Hyperliquid’s Spot Market to Drive Wealth Effects Hyperliquid, leveraging its HYPE token airdrops and novel asset standards (HIP1 and HIP2), is positioned to create exclusive wealth-generation opportunities. Projects like Solv Protocol and Azuki   Anime have utilized its spot listing auctions, attracting significant interest. HYPE’s value, while substantial, will benefit from increased trading volume and partnerships with exclusive projects. These projections reflect growing innovation in onchain development, with decentralized finance, AI tokenization, and specialized launchpads driving the next phase of market evolution.
Long
by moonypto
Whether the bottom section will be formed is the key Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. Happy New Year. ------------------------------------- (USDT 1D chart) USDT appears to have turned into a gap downtrend. If it does not rise quickly, the coin market is expected to show a sharp decline. (USDC 1D chart) Fortunately, USDC is maintaining a gap uptrend, so there seems to be a possibility of price defense to some extent. However, since USDC has a lower influence on the coin market than USDT, if USDT maintains a gap downtrend, the coin market is expected to eventually show a decline. What we need to do is check the stop loss point of the coin (token) we currently hold rather than increasing new transactions and think about how much we should cut loss. (BTCUSDT 1D chart) The point to watch is whether the movement of BTC is as updated last time. If the HA-Low indicator is created, it means that the current wave is finished and a new wave is starting, so whether there is support is an important key. There is a possibility that the HA-Low indicator will fall after being created and show a stepwise downtrend, but the fact that the HA-Low indicator was created means that it is ultimately forming a bottom section, so it is a time to buy. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section 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 -----------------
by readCrypto
2
BTC: LAST DAY OF THE MONTH AND YEARBullish Scenario: If 90K holds as a major monthly support, we may not see a retest of that level. In this case, the price is likely to climb toward 107K, breaking the 2024 all-time high (ATH). Bearish Scenario: If 90K fails as major monthly support, it could lead to a significant drop. Potential targets include 87K, 80K, 75K, and even 70K. Market Sentiment: The battle between bulls and bears is intense. Many bulls have turned bearish after selling, contributing to downward pressure. Bears are aiming for a red year in 2025 to capitalize on the downside. My Analysis: Since BTC's monthly candle maintained the upper half of the November mother candle, it signals that bears lack the strength to take control. Bulls still dominate the upper half of the range, which reinforces my view that the 90K support level is unlikely to break bearish. Altcoins have faced significant challenges this year, experiencing substantial losses. However, I firmly believe that 2025 will be the year of altcoins, with many expected to embark on strong, sustained rallies that will see impressive follow-through.
Long
by Asma7assan
1
Bitcoin is Ready to Fall by Flag Pattern!!!Bitcoin ( BINANCE:BTCUSDT ) managed to break the 50_SMA(Daily) in the past days, and this could be a sign for a further fall of Bitcoin . Bitcoin is currently moving in a Heavy Support zone($95,000-$90,870) and is breaking the Support lines . In terms of Classic Technical Analysis , the Bearish Flag Pattern can cause Bitcoin to fall further. I expect Bitcoin to drop towards $91,000 minimum after breaking the Support line and a possible pullback, and if the Heavy Support zone($95,000-$90,870) is broken, we should expect more dumps . ⚠️Note: If Bitcoin breaks the Resistance lines, we can hope for a further increase in Bitcoin.⚠️ 🙏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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
25
#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #DUMP #MarkDown #Eddy#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #DUMP #MarkDown #Eddy It was my mistake to give a big short analysis of Bitcoin before the distribution structure was formed. Currently, by combining the analytical styles of Dow Theory & Wyckoff Theory with the combination of the classical price action technical analysis, RTM & ICT, we are witnessing confirmation of the market decline, while the majority have a bullish view of the market, having fallen into the trap of the market maker. Look for a heavy Bitcoin sell position from the marked premium area, don't forget to get confirmation based on your style and manage risk and capital. My Bitcoin Big Short Setup Targets :
by Eddy_Trade_
12
BTC ShortThe chart reveals a classic distribution pattern in the Bitcoin market, marked by a significant peak followed by a consolidation phase. Distribution occurs after a strong uptrend, and as the price stalls and starts to move lower, it signals a potential reversal. Our target is set at the 50% retracement level of the upmove, located around $78,682. This level represents a key support area and is a typical target for a corrective pullback after a distribution phase. Price has shown weakness at the recent highs, and as we move forward, we anticipate further downside toward this target zone which would offer a nice buying opportunity in discount for further upside.
Short
by SerenityEquity
5
HelenP. I Bitcoin can break support level and fall to 88KHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price rebounded from the trend line and rose to the support level, which coincided with the support zone. Then price some time traded below the support level and later finally broke it. After this, BTC rose a little and then made a correction to the support zone, after which it turned around and started to grow to a resistance level. When the price reached the resistance level, which coincided with the resistance zone, it made a correction movement to the support zone, after which at once turned around and started to grow back. Later BTC reached the resistance level and broke it, after which grew to 108400 points and then dropped to the support level, breaking the resistance level. Then BTC some time traded near support level and then rebounded and tried to grow. But recently it fell back to this level, which coincided with the trend line, and continues to trades close. For this reason, I expect that BTCUSDt will make a small movement up. After this, the price turns around and starts to fall, breaking the trend line with the support level, after which make retest, or not and continue to fall. Therefore I set my goal at 88000 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
BTC - Bear Flag forming, 73k price projection** Reposting because annotations weren't posted in the previous analysis** After hitting all time highs, BTC is forming a bear flag. If bear flag plays out and price breaks through 91,400 level then on the basis of the measured move of the flag pole, BTC is likely to test 73,000 which is a significant support zone on Daily timeframe. This is because before BTC pierced 73,000, this was a strong resistance zone. Also, since price broke out 73,000, it hasn't retraced back to this level. Furthermore, there is a fib retracement level of 38.2% at 71,500 so expect 73,000 - 71,500 to be strong support zone. Remember technicals are all probabilities, price could break 99,000 level (upper trendline of the bear flag channel) to test all time highs.
by I_M_Shoaib
"JUP/USDT: TP1 $0.96, TP2 $1.10, Long-term $2-$5."Analyzing the **JUP/USDT** chart, here's a detailed breakdown: --- ### **Current Market Overview** 1. **Price Action**: - The price is trading around **$0.8348**, showing a slight recovery of **+2.64%**. - There has been a significant downtrend from recent highs near $1.30. 2. **Key Moving Averages (MA)**: - The 50 EMA (white), 100 EMA (yellow), and 200 EMA (gray) are acting as dynamic resistance levels. - Price is attempting to retest the **50 EMA (0.9659)**, which coincides with TP1. 3. **CM_Ultimate MACD Indicator**: - Bullish momentum is beginning to build, indicated by the green histogram flipping positive. - Crossovers suggest a potential continuation of the upward movement. 4. **MACD Histogram**: - The MACD line shows recovery momentum, but a clean bullish crossover is yet to occur. --- Short-Term Targets 1. **TP1 (Take Profit 1)**: **$0.9659** - A retest of the **50 EMA** and the previous strong support-turned-resistance level. 2. **TP2 (Take Profit 2)**: **$1.1064** - Mid-term resistance aligning with previous consolidation zones. 3. **TP3 (Take Profit 3)**: **$1.3107** - A major resistance and psychological level. --- Long-Term Targets - $2.00: - This aligns with Fibonacci extension levels and historic resistance during the earlier bull market. - $5.00: - A significant target for bulls, requiring major market momentum and broader crypto adoption or partnership news. --- Attractive Features for Investors 1. **Bullish Reversal Potential**: - If the price can close above **$0.9659**, it signals a strong potential for a reversal toward **$1.10-$1.30** in the mid-term. 2. **Low Risk-High Reward Zone**: - Current prices near **$0.83** are significantly discounted from previous highs, providing a favorable risk/reward ratio. 3. **Technical Support**: - The **$0.79-$0.80** range acts as strong horizontal support, minimizing downside risk. --- Strategy for Bulls 1. **Accumulation Zone**: **$0.80-$0.84**. - Consider entering around these levels if volume and momentum increase. 2. **Stop-Loss**: **$0.75**. - Below this, the trend might invalidate, suggesting further downside. 3. **Targets**: - Short-term: **$0.96, $1.10**. - Long-term: **$2.00, $3.00**. Summary - **Short-Term Bullish**: A breakout above the 50 EMA could lead to a rally toward $1.10 or higher. - Long-Term Ambition: Momentum and market participation could eventually push prices toward $2-$5 in a macro bull run.
Long
by PROFITPULSE10X
NOTHING !!After breaking the descending wedge, the price fell to the support line. As you can see, the price has now formed an ascending wedge, which is promising. The price could rise to FWB:98K or more than after breaking this wedge, but considering the Christmas holidays, this might take a bit longer. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
12
Bitcoin (BTC/USDT) - End of 2024 - Daily Price ConsolidationBitcoin (BTC/USDT) price is currently in a short-term downtrend and consolidation pattern (end of December 2024). Bitcoin price needs to hold above $92,000 to $90,000 to avoid a daily bearish head-and-shoulders resistance price pattern. Support Levels to the downside currently are: $92000, $90000, $87610, $85000, $81000, $76000. Resistance levels to the upside currently are: $96500, $100000, $105000, $108000, $110000, $120000. Daily and Weekly price consolidation is ongoing, and Bitcoin is seeking to establish the next higher-low support price. Note: breaking news, corporate news, government law changes, stock market correlations, and crypto events can affect and override technical chart patterns. Date: 12/30/2024 pm
by NoFomoCharts
BTC - Bear Flag forming, 73k price projectionAfter hitting all time highs, BTC is forming a bear flag. If bear flag plays out and price breaks through 91,400 level then on the basis of the measured move of the flag pole, BTC is likely to test 73,000 which is a significant support zone on Daily timeframe. This is because before BTC pierced 73,000, this was a strong resistance zone. Also, since price broke out 73,000, it hasn't retraced back to this level. Furthermore, there is a fib retracement level of 38.2% at 71,500 so expect 73,000 - 71,500 to be strong support zone. Remember technicals are all probabilities, price could break 99,000 level (upper trendline of the bear flag channel) to test all time highs.
by I_M_Shoaib
BTC/USDT 1H chart reviewHello everyone, let's look at the 1H BTC to USDT chart, in this situation we can see how the price is moving in the local downward trend channel in which we very quickly saw a return to the lower border of the channel. Let's start, however, by defining the goals for the near future that the price must face: T1 = $93,246 T2 = $94,045 T3 = $94639 T4 = $95,413 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $92462 SL2 = $91,530 SL3 = $90,550 Looking at the RSI indicator, we see how we entered the downtrend again after dynamically exceeding the upper limit of the range.
by cryptodailyuk
About BTC Analysis and Averaging Down... Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (USDT 1D chart) I think USDT provides funds that support the coin market. Therefore, it has a big impact on the coin market. If this USDT gap continues to decline, I think the coin market is likely to turn into a downtrend. I think the gap decline of USDT or USDC is a sign that funds are flowing out of the coin market. (USDC 1D chart) I think that the current continuous inflow of funds into USDC is preventing the coin market from turning into a downtrend. However, I think that the impact of USDC on the coin market will be short-term because it has a lower impact than USDT. USDC cannot form a USDC market on exchanges around the world, so it cannot help but have a lower impact than USDT. Therefore, when USDT maintains a gap downtrend, if USDC also shows a gap downtrend, the coin market is expected to show a large decline. ---------------------------------------- (BTCUSDT 1W chart) As a new candle is created, the HA-High indicator on the 1W chart will be created at the 94742.35 point. Accordingly, the support around 94742.35 is an important issue. If it falls without support, 1st: 87.8K-89K 2nd: 79.9K-80K You should check the support around the 1st and 2nd above. However, since the M-Signal indicator on the 1W chart is rising around 83.6K, it is important to check whether there is support when the M-Signal indicator on the 1W chart is touched. - (1D chart) After passing the volatility period around December 27, it eventually reached the lower part of the sideways section. Therefore, even if it continues to fall further, the key is whether it can touch the 92K-93.5K area and rise above 94742.35. The next volatility period is expected to be around January 10, 2025. ------------------------------------------- When the average purchase price falls below the average purchase price, it is best to cut your loss at the cut-off point. However, from a mid- to long-term investment perspective, there are cases where you cannot cut your loss unconditionally just because the price falls, and you may have missed the time to respond. In this case, you should eventually purchase more to lower the average purchase price and sell when it rebounds. This is called averaging down. The basic principle of averaging down is that you must purchase more than the current purchase principal. (Usually in the stock market, you purchase more than the number of shares you currently own.) Since decimal trading is possible in the coin market, there is an advantage of being able to purchase the purchase principal amount rather than the number of coins (tokens) you own. In that case, the average purchase price will fall more than you think. Therefore, in the coin market, having cash is very important. If you have spare funds (cash), you can cut losses between 50% and 100% of the purchase principal when the price falls below the cut-off point, or you can respond without cutting losses at all. If you do not have spare funds (cash), you should cut losses near the cut-off point. At this time, it is important to secure cash by selling more than 50% of the purchase principal. - If you can manage your investment ratio as explained above, the next important thing is when to make additional purchases. If you bought when the price fell by -10% as I mentioned in the previous "Example of how to trade without being able to analyze charts" idea, then when the price falls by -10% again, it is the time to make additional purchases. Instead, you should purchase additional stocks that you bought according to your own standards when the price rebounds, lower the average purchase price, and then sell them when the price rebounds. In other words, the additional funds purchased must be sold when the price rebounds. Otherwise, when it falls below the average purchase price again, the funds for the next additional purchase will increase significantly, so you will end up giving up without doing anything. The important thing here is to know how much the original purchase principal was before you start averaging down. The reason is that when you purchase additionally and then rebound and sell the amount of the additional funds purchased, the number of coins (tokens) remaining may change. If you purchase additionally and the price rebounds, but it does not rise above the average purchase price and shows signs of falling, it is considered a loss from the overall trading perspective. However, since you sell the amount of the additional purchase when the price rebounds, it is likely to be a profit when looking at the average purchase price of the additional purchase. In other words, the coins (tokens) for that profit will remain. Therefore, if you do not know the original purchase principal, you may end up investing excessive funds the next time you purchase additional funds. Excessive investment of funds can eventually be applied due to psychological anxiety and pressure, which can cause you to make inappropriate transactions. I will publish how to select the timing of additional purchases when I have the next opportunity. However, you should select it by looking at the movements of the StochRSI, BW, DOM auxiliary indicators added to this chart and the M-Signal indicators on the 1D, 1W, and 1M charts. At this time, if there are support and resistance points drawn on the 1M, 1W, and 1D charts, you can trade based on whether there is support or not. Since the MS-Signal indicator on this chart is the standard for trend reversal, you can use it. However, it is recommended to proceed with additional purchases based on the 1D chart. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section 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 -----------------
by readCrypto
1
$BTC MID-TERM ANALYSIS; 30K Bitcoin is likely going to touch $70-75K soon, then a bullish move and a double top is possible with the price reaching a new high ($120,000) There is an order flow imbalance at 30K. If Bitcoin loses 70K, the price can reach the major support below that which is $50K. Then a pullback to the lost 70K support is possible and after a failure $30K is waiting for bitcoin. CRYPTOCAP:BTC IS NOT bearish on the long term at least not yet but you have to get your bags ready for a new ATH afterwards. 150-200K can be the next HH.
Short
by MISANTHROPE3
16