BTCUSDT
BTCUSDT Forms Rounding BottomBTCUSDT Technical analysis update
CRYPTOCAP:BTC has formed a rounding bottom pattern on the daily chart near the 2021 all-time high (ATH) resistance level. The price is now moving toward this resistance, aiming for a breakout. Currently, BTC is trading above the 100 and 200-day EMAs on the daily chart. If the price breaks above the rounding bottom pattern, a strong bullish move can be expected.
BTCUSD: Bullish Flag Breakout AheadBTCUSDT technical analysis update
At the bottom, Bitcoin formed a falling wedge pattern over 240 days. After breaking out, the price surged by 75%. Following this rise, BTC entered a 220-day consolidation phase, forming a rectangular continuation pattern, which led to a 133% increase after its breakout. Currently, BTC has been forming a flag pattern for the last 220 days, and in the next 10-20 days, we could see a breakout, potentially signaling another strong bullish move.
Regards
Hexa
Bitcoin will fall sharpely!Beware, there is a high risk of Bitcoin dump in the next few days. Of course, I could be wrong, as I'm no soothsayer and I've made mistakes in the past, but I'm relying on a predictive model I've been developing for the past three years, which has become very reliable in recent months. To sum up, my model gives me a cycle top below $100K, a 30 to 40% dump this week, followed by a downtrend punctuated by rebounds over several months towards $31K. Do your own research, as I'm only expressing my opinion, which is not a financial advice.
100K The Countdown Begins- We are so close.
- To every Bitcoin holder who has weathered the highs and lows, celebrated the peaks, and endured the troughs—remember, you are not just an investor.
- You are a believer in a decentralized future, a pioneer of financial sovereignty, and a guardian of the idea that true value transcends borders, governments, and time itself.
- Holding Bitcoin is not merely holding an asset; it’s holding a piece of the revolution that will shape generations to come.
Keep the faith, for the future belongs to those bold enough to believe in it.
Thank you to all my followers for constantly inspiring me to share more analyses. Your support means the world—love you all!
PS : This isn’t an analysis. it's a heartfelt congratulations!
Happy Tr4Ding !
Bitcoin’s Bullish Surge: This Pattern Predicts More Upside AheadCongrats to all hodlers who've reached the 6-digit mark and beyond!
How far could this impulse take the price?
The textbook Cup & Handle pattern (yellow) suggests that over 20% of bullish potential remains, with the ultimate target for the pattern at the $125k mark.
BITCOIN HITS $104K, Target $114-115k!🎉BITCOIN HITS $104K 🎉
Year 2018: “Bitcoin is going to $100k!” – It dumped after reaching $19,878.
Year 2021: “Bitcoin is going to hit $100k!” – It dumped from $69,880.
Year 2024 (Dec 5th): Bitcoin has finally hit $104k.
We did it, folks! We won! 🙌
The patience and perseverance of this community is truly extraordinary.
Remember when we said governments would adopt Bitcoin one day? It’s happening now.
$100k was once a Crypto trader’s dream; now it’s a reality.
If you've been grinding through this for years, you're a real champion. Learn from your mistakes and never let anyone bring you down. You are amazing, believe in yourself. Money follows those who stay resilient.
For me, it took two full cycles to make life-changing wealth. The skills and lessons learned along the way are priceless.
If you're still struggling, don’t worry, stay with me this cycle.
Looking at the chart, $114k seems like a reasonable target before any potential corrections if you analyze the structure. Although no one can predict for sure.
Congratulations again! 🎉
If you’re reading this, you’ve made it. Please share it and like it if it resonates with you.
Thank you.
#PEACE
BTC at 100K!! Whats Next?BTC at 100k! I remember the pain of having btc but not been able to acess that! Anyways! As mentioned in my previous chart, Standing by the opinions as mentioned in the days chart i posted earlier linked below.
Now This was the chart i drew and exactly did happen the same, except for the spring,
Now next happens to be something ive seen happening previousyly
1, BTC reaching 109K ( my last suggestions based)
2. A big red candle equating longs
3. Taking Res at 98k and then hitting up TP's
Ideally i would wait for another big candle, or a volume dump to take actions, But next TPO likes in 98541.
104,541 is the time im wriitng this, can break it, if tpo stays for the day, can be shorted till 98541.
BTC/USD Halving 518 When will be the cycle price low and high.Main trend. Time frame 1 month.
This idea is almost a clone (in meaning, not visualization) of my previous idea published 1.3 years ago:
BTC/USD Secondary trend cycles and halvings.
For great visualization and clarity I added leap years (pre-pump, pre-distribution), this applies to all markets, not just the “young” cryptocurrency market... That is, after it, just the price is in the zone of distribution (sales), which is identical with the price highs of the secondary trend.
Bitcoin cycle 4 years:
Year 1 - birth of a new bullish trend (leap year).
By the way the next year 2024 is exactly like that. But, read carefully to understand the point.
For some time the price moves sideways or with a small rise.
Positive/negative alternates. Negative dominates.
There is no interest in the crypto market. The traffic of stupid money is minimal.
The volatility of the price of instruments is usually minimal.
This phase of the market is also called "participation" (more relevant to the second part).
In the final phase—active movement to the distribution zone (the zone of sales by large market participants—small).
In a given year (or near this time zone in the previous year), there is typically a second dump (second price low) with more aggressive dynamics by a large %.
Dump -60.66% 03 2020.
On the chart as an example of past dump at -60.66% (magnet) at the start of Corona 03 2020 (taking advantage of the world situation) before pumping the market in the future. Always keep this kind of thing in mind and be prepared for it, even if you are sure it is unlikely. Observe mani management.
Training idea/work 02 2020:
Trading by trends and important areas using the example of BTC
Something like a big triangle like 2020 is forming now.
BTC/USD Main trend (3 years) Channels Triangle 09 2023
Altcoins in this time zone cycle .
Altcoins tend to be in their accumulation channels. Alternately, from time to time, some are “firing” (usually of lower liquidity). Some produce “takeouts” under the dial zones.
The essence of this time zone for alts is to gain as much as possible % of positions from the market. The price is not important (the average price of a set is taken into account), alts typically follow the general market trend, which is logical and tactful from the position of long-term prospects of earning in cycles.
Year 2 - Bull Market. Trend price maximum and distribution zone .
Resetting positions by large market participants. That is, the smart money sells to the dumb at the market high.
The 17 weeks post-halving ( 518 days, gematria ) zone of perfect selling in crypto asset allocation. Roughly speaking it's a zone near price highs, at least that's always been the case in past cycles of bitcoin and the crypto market as a projection of it.
Altcoins in this time zone of the cycle.
Inadequate altcoin pumping. Typically, "old" cryptocurrencies are showing 5-10x (+500-1000%) of previous dialing zones. The average profit accumulation/distribution of almost any cryptocurrency is 5-8X, with the range of lows and highs (for hamsters) usually twice as large.
A huge amount of all sorts of crypto speculative garbage "promising cryptocurrencies" and "bitcoin killers" is created ... Pumped at the most inadequate interest with holding the reset zone for a long period of time due to the huge traffic of "stupid money".
It should be separately emphasized that in this time zone of the cycle huge traffic of “stupid money”, who want to get rich without understanding anything about it.
The crowd is not afraid to buy. This is key. The media is all about the positive.
A huge number of newly-formed crypto experts are young kids, whose expertise will disappear when the market turns around in the next sub-cycle....
Anyone can make money ("sitting on the trend"), even buying and holding anything for a while, of course, except for "promising high-tech crypto garbage" on inadequate pumps and with the same news positive accompaniment.
Absolutely all alts including high capitalization never repeat their price highs to bitcoin.
Year 3 Bear Market. Market dumps from area of distribution (selling) price highs to area of set (buying).
Price typically drops about -70%-80% on bitcoin
Typically, when a distribution support zone is broken, many scare tales or real negative news stories are created to scare and trigger a “crypto depression”. Subsequently, a mostly negative news backdrop dominates, usually of a made up fairy tale nature in “three lines” for the true fools.
Holders of “promising crypto” are bleeding, hope for the price to return to the previous value and "faith in projects" are gradually fading away. The final phase is dominated by the view that it's all a “crypto scam”. Bitcoin will "die." Toward the end of the phase, there is always a “bloody month” (price minimum)—before the formation of the dialing zone.
Altcoins in this time zone of the cycle.
Altcoins are declining from pumping highs before stopping the decline and moving sideways (set zones):
Highly liquid 80-90%
Medium liquid 90-96%
Low liquid (extinction candidates) from -95% and below % conditional on such "crypto trash on the verge of life and death".
Year 4 is the sideways zone, i.e. the accumulation zone. .
In this time zone after a significant dump (more than a year) there is a corrective price recovery movement. This is the so-called "intermediate bitcoin pumping cycle". We are just in it at the moment.
Altcoins in this time zone of the cycle.
Altcoins of high and medium liquidity depreciate, as a rule, by -90-93%. Once this % depreciation is reached, horizontal accumulation channels (1 major zone) of position set for the next cycle are usually formed.
"Cryptocurrency holders" who bought at or near price highs in the last cycle tend to all sell at a large loss in "tired of waiting" accumulation zones for their "promised bags of money".
Low-liquid altcoins depreciate in price by -95% or lower.
It is worth recalling that -95% from the previous -90% is -50%. That is another reduction of the deposit of the “grief trader” in two times.
A part of altcoins, which with a small "community of believers in the wrapper" - “dies”.
Often, the creators crypto run out of money for all sorts of marketing tricks. Then they pour the rest of their crypto phantom on the market, inventing some tale of hacking or something similar.... After that - "to the islands", until the next bull cycle. The sect of "deceived MMM depositors" scatters. The wrapper dies definitively....
Altcoins, including HYIP ones, which were created in the last cycle, are all depreciating. Out of the top 100 of the previous capitalization ranking, they depreciate beyond the top 1000. Never recover in capitalization and price not only to bitcoin, but also to the dollar in the future in the next cycle.
This is what bitcoin trend cyclicality looks like on a linear price chart
Phemex Analysis #41: Bitcoin Breaks the $100,000 Barrier!In a historic moment, Bitcoin (BTC) has finally surpassed the $100,000 mark. This significant milestone comes seven years after its struggle to break the $10,000 barrier in early December 2017.
Possible Scenarios
As Bitcoin enters this uncharted territory, several scenarios may unfold:
1. Continued Rise:
A sustained bullish momentum could drive Bitcoin to even higher levels. However, psychological resistance levels at $110,000 and $112,000 may pose challenges. It's essential to be cautious as the price approaches these levels.
2. Price Retracement:
The recent formation of a bearish divergence on the 1D RSI chart suggests a potential price correction. Historical patterns from January and March 2024 indicate that such divergences often precede pullbacks. While a full-blown bearish trend is unlikely, support levels at $90,000, $86,700, and $76,000 could provide opportunities for buying the dip.
Conclusion
The $100,000 milestone is a significant achievement for Bitcoin, but it's important to maintain a rational and disciplined approach. While the future of Bitcoin remains bright, it's crucial to manage risk effectively and avoid impulsive decisions. By conducting thorough research, analyzing market trends, and implementing sound trading strategies, investors can capitalize on Bitcoin's potential while minimizing risk.
Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
BTC weekly data is shifting. MASSIVE UPSIDE is waiting now! BUY!BTC has corrected healthily to -20% from its peak after reaching its parabolic ATH highs of 73k.
Now the mother of all of coins is showing some strength again. Weekly data metrics is shifting now and buyers are back again, positioning aggressively for the next RUN-UP to ATH and beyond.
From our weekly chart diagram above, you can observe that the black bear cells has faded and the white dot (longs) has literally escaped the shorts prison cell (black cell). This signal has never missed since the 15k BTC season. The batting average of this one playing out again is very very high.
This week is the best time to SEED. Get them all planted now. BTC is already up by 10% after that quick bounce from the strong major order support at 57k area. Signs of what's coming next after this week.
Spotted at 60k area.
TAYOR.
BTCUSD Approaching Key Resistance: Will 99K Hold?Good morning, crypto enthusiasts! Today’s fear and greed index stands at 84, maintaining extreme greed status. Meanwhile, the stochastic RSI has entered the oversold area, sitting at 88.
From a price action perspective, the range of 96,900 - 97,500 has been successfully broken. The next target is 99K. However, caution is advised as there’s a potential correction range between 98,061 - 96,911.
Stay safe, avoid FOMO, and always manage your risk. That’s all for today’s crypto update. Akki signing off, one chart at a time. Have a nice day and stay SAFU!
Next Volatility Period: Around December 27
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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(BTCUSDT 1D chart)
This volatility period has ended.
The key is whether it can rise above the BW(100) indicator point of 98892.0.
If not, if it falls, the point to watch is whether it can be supported near the HA-High indicator point of 95904.28.
The next volatility period is around December 27.
By now, we should look at the direction in which the HA-High indicator box range, 91792.14-98871.80, has deviated.
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(1W chart)
What is important to check this month is how the StochRSI indicator on the 1W chart is initialized.
That is, what movement does it show when the StochRSI indicator falls from the overbought range and becomes StochRSI < StochRSI EMA.
Since the StochRSI EMA indicator has never touched the 100 point so far, the downward pressure will increase as it gets closer to the 100 point.
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(BTC.D 1D chart)
If BTC dominance falls below 55.01 and is maintained or continues to fall, it is expected that the altcoin bull market will begin.
It seems that some altcoins will start to pump in a circular manner.
Therefore, if the altcoin I bought is rising slowly or rather falling, do not switch to another altcoin and wait, and the pumping will begin in order.
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(USDT.D 1M chart)
This altcoin bull market is expected to continue until the USDT dominance falls to around 2.84.
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Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, I expect that we will not see prices below 44K-48K in the future.
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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
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Bitcoin will go DOWN by H&S Pattern!!!Bitcoin ( BINANCE:BTCUSDT )started to rise after every positive news over the past days, but then started to fall again . Did you see the negative news that did not come !?
Bitcoin is moving in the Support zone($95,600-$93,200) and Descending channel .
The rise and fall of Bitcoin over the past 5-6 days has managed to form an Head and Shoulders Pattern . (in terms of Classical Technical Analysis ).
Since BTC.D% ( CRYPTOCAP:BTC.D ) started to fall from the Heavy Resistance zone(63.30%-57.10%) and after breaking the lower line of the ascending channel , we can confirm that Bitcoin's dominance on the crypto market can end for a while. If the cryptocurrency market wants to have a correction , Bitcoin can experience a further correction. If the crypto market wants to experience an increase again, we can say that we have entered the Altseason .👇
I expect Bitcoin to fill the CME Gap($93,835-$93,720) AFTER breaking the Head and Shoulders Pattern's Neckline and Support zone($95,600-$93,200) and then decline to at least the H&S pattern's target(around $91,000) .
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
⚠️Note: If Bitcoin goes above $96,800, we can expect Bitcoin to rise again to the resistance lines.⚠️
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).
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BTCUSDT - placed high ? what's next??#BTCUSDT - well guys market perfectly placed high and now in 4 hours market pattern is going to change from bulish to bearish if market hold that mentioned region.
keep close the region that is start from 97600-700 and if market holds in that case you can see a drop from here.
good luck
trade wisely