BTCUSD puts on the big gains 10+%DogeUsd bounces back
Some of the biggest daily Cryptocurrency gains today as BTCUSD chases the breakout-zone and now sits within striking range.
BTCUSD is still part of a 3 x Top system on monthly, weekly and daily charts. Right now it seems be retracing down in price but I don't think it will move down much further as its immediate and intermediate Gig is to breakout past 75,000 very soon and taking Cryptocurrency with it.
DogeUSD puts on more than 14% during the last trading day.
TRON TRXUSD is in a fantastic setup now on the higher time frames, see my Post on TRON and the setup, why it's one of the structurally strongest charts in existence and why I see a bullish turnaround in its price very soon. It's price is still under 20 cents and its only getting fatter going forwards.
Btcusdtlong
Stand StillHey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Sometimes I add a bit to what I have thought. let's do some math here:
Technical Section:
minute:
Wave 4 = 50% of wave 3 ($ 49k)
that was the end of it
Wave 3 is greater than 161.8% of wave 1 ----> Wave 5 = 261.8 % of wave 1 ----> Target = $ 89528
minor:
Wave C = 123.6% of wave A ----> Target = $ 92115
Conclusion: There is only one possibility for the long-term outlook. BTC is about to go vertical!
Appendix:
Stand pat! (Feb 29, 2024)
Dec 28, 2022 (This is what I am basing mine on for the bull market!)
Bitcoin Cycle Repeat? 1 Year Bull Run Above ATH Ahead!In the chart above, we’re comparing Bitcoin’s current cycle with its previous cycle.
Bear Run (1 Year): The previous cycle started with a significant bear market that lasted exactly 1 year, characterized by a sharp drop in price from the peak.
Recovery Phase (2 Years): Following the bear run, Bitcoin spent 2 years in a recovery and consolidation phase, gradually building a support base and regaining momentum.
Bull Run Above ATH (1 Year): After consolidation, Bitcoin entered a 1-year bull run that pushed it above the previous all-time high (ATH), setting new records.
Current Bitcoin Cycle: The current cycle appears to be mirroring the previous one closely:
We’ve had a 1-year bear run, which aligns with the pattern seen in the previous cycle.
This was followed by 2 years of recovery, with the price consolidating and gradually strengthening.
If the pattern continues, we could be entering 1 year of a bull run above the previous ATH, starting now or very soon.
Based on this repeating cycle pattern, the current setup suggests that we might have 1 year of a strong bull market ahead, potentially pushing Bitcoin above its previous all-time high by late 2025.
Regards
Hexa
BTCUSDT Bullish Wedge Pattern!BINANCE:BTCUSDT has formed a falling wedge pattern on the 1-hour chart, with strong support at the bottom of the wedge around $67,000. The price has already broken out of the pattern and is now retesting the wedge resistance. Additionally, BTC has crossed above the 100 EMA on the 1-hour chart, indicating potential bullish momentum. We can expect a strong upward move from the current level.
Regards
hexa
Bitcoin Firing & Plenty of Upside Momentum Today Monday
Bitcoin got its support around the 67,000 to 68,000 mark or thereabouts over the weekend and today has made a measured run to more upside and plenty of momentum it seems to be displaying with the uptick in Volume today compared to the weekend.
Price is about 7% below the all-time high price set in March 24.
I doubt it will rush at the breakout point today but you never know. But I think bitcoin won't hesitate to properly breakout in price past the mid-70s, Cryptocurrency views the 'breakingout' to higher prices, as the sooner the better.
1 Year of Bitcoin Bull Run Remaining? In the chart above, we’re analyzing Bitcoin’s historical cycles to see if the current cycle follows a similar pattern.
Bear Run (1 Year): In each of the last three cycles, Bitcoin experienced a bear market lasting exactly 1 year from the all-time high (ATH). This phase saw a significant drop in price as the market corrected.
Bull Run from Bottom (1,064 Days): In the last two cycles, once the bottom was established, Bitcoin entered a consistent bull market that lasted approximately 1,064 days. During this period, the price gradually climbed, eventually reaching new highs.
Current Bitcoin Cycle:
So far, the current cycle appears to be following the same pattern as previous cycles. We’ve already experienced a 1-year bear market after reaching the previous all-time high (ATH).
Currently, we have completed 2 years of a bull run from the bottom, aligning with the 1,064-day bull run observed in past cycles. Based on this historical pattern, we may have 1 year of bull run remaining, which could potentially push Bitcoin to new highs by late 2025.
If this trend continues, it suggests a strong opportunity for growth over the next year, mirroring the end phase of past cycles.
BINANCE:BTCUSDT BITSTAMP:BTCUSD CRYPTOCAP:BTC
Regards
Hexa
When to Book Profits in Bitcoin?Bitcoin technical analysis update
Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI reaches the 89-90 range on the monthly chart, it’s typically a good time to start booking profits. Currently, the RSI is at 63, suggesting there is still room for a price increase in the coming months.
Regards
Hexa
#BTC/USDT#BTC
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 66900
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 68800
First target 69764
Second target 71385
Third target 73266
Bitcoin: 100-200% Move After 2024 Election?In the last three Bitcoin cycles, the price has shown significant upward movement following U.S. elections. After the 2012 election, Bitcoin surged nearly 11,000%, followed by a 2,800% increase after the 2016 election, and a 370% rise post-2020. With the 2024 election just 17 days away, we could potentially see another strong move, expecting a 100-200% increase in the months following the event.
Regards
Hexa
GBP/USD "Cable" Bank Money Heist Plan on Bullish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Bitcoin Bull Flag Breakout Incoming – $100k Target!!Bitcoin is forming a bull flag pattern on the daily chart, hinting at a potential breakout that could propel the price towards $100,000. Currently trading at $65,859, Bitcoin is testing the upper boundary of the flag, with multiple rejections seen in previous attempts to break out. This consolidation within a descending channel, following a strong upward trend, suggests a bullish continuation if the breakout is confirmed.
If Bitcoin successfully breaches the flag’s resistance, the measured move from the prior leg indicates a target of $100k. Bull flags are known for signaling a continuation of the prevailing trend, and with Bitcoin’s bullish momentum intact, a breakout could lead to a significant surge. Traders should watch for a clean break above the upper trendline as a confirmation of this setup.
Bitcoin's Squeeze in price is building momentum upwards
I hope you are well this Sunday.
If you have been following my Bitcoin thread this weekend, you will know that price has further to fall, if the Bitcoin market is to tank downwards. What I am saying is that we are in a squeeze moving price down and up which contracts price and causes the squeeze effect, which quite frankly is needed in circumstances where volumes are again low this weekend.
But this squeeze is building momentum in the Bitcoin tank.
Bitcoin price has recently tested the level just under 69000 which is a big support level. Unfortunately some Stop Losses would've been triggered and price has taken the liquidity and moved higher. I never like to promote a stop loss level to someone, but I think it's reckless if I do not in circumstances where price tanks.
Please take a look at a recently Daily Chart of Bitcoin. I present Fib Levels & Fib EMA's 8,13,21,55. Both are supportive of price to move higher from current levels. 69,000 and thereabouts is the support zone and I think this level will hold.
BTC USDT Spot trade Bullish potential Bitcoin may see a potential pump starting from $69,100, with targets around $75,000 to $78,000. A breakout above $69,100 could signal bullish momentum, especially if accompanied by strong volume. Keep an eye on broader market indicators, as well as resistance levels approaching the target range. Consider a risk-managed entry with a stop-loss below $69,100 in case of reversal.
BTC LONG 2HR TP:73000+ 01-11-2024
I have published a comprehensive analysis on a 2-hour timeframe, setting an ambitious target price of 73,000. This level presents an interesting opportunity for traders looking to capitalize on market movements. It’s crucial to stay vigilant and monitor market fluctuations and potential signals that could influence this trade. Always remember to manage your risk effectively to protect your capital. Wishing you all the best in this trade, and let’s hope to see positive developments in the coming hours! #Trading #Bitcoin
BTCUSDT - UniverseMetta - Analysis#BTCUSDT - UniverseMetta - Analysis
A correction of more than 6% has formed on D1, to a local support level, which may indicate a retest of this level, before going up, it is worth considering news factors in the near future, so as not to increase risks. You can try to work out a retest of the level, with a short stop loss, in order to avoid further corrective movement to the levels to update ATH. In the best case scenario, you can take a profit of 1:7. If the idea does not materialize, then wait for an additional entry point for purchases.
Target: 70600 - 76550
#BTC/USDT#BTC
The price is moving in a descending channel on the 1-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 70500
Entry price 70500
First target 71700
Second target 72660
Third target 73712
BTC - NEW ATH Approaches and ALTSEASONThe first time I started talking about my outlook for BTC in 2024, was in MAY. This is the original post where I first propose the Elliot Wave theory, with a 30% multi-month correction:
It's been a painful journey that required a lot of patience - but today, I am pleased to see that the idea has payed out by 95% so far.
The play has always been a "multi-month" approach, and now it is the last push towards the new ATH which I believe to be anywhere from 82K upwards.
_________________________
OKX:BTCUSDT
BITCOIN Poised Bollinger Band Bottom 4 Fast Break of 73,000
BTCUSD price a bit choppy the last few hours but only because of the triple top system its traversing to ultimately break above.
Price is situated at the bottom of Bollinger Bands and it looks bullish to me for a fast move up now past 73,000 and break out into new space very explosively.
$BTCUSDT Bouncing from Demand Zone – Eyes on $75KBINANCE:BTCUSDT Bouncing from Demand Zone – Eyes on $75K with Strong ETF Inflows!!
After a significant uptrend, CRYPTOCAP:BTC experienced a healthy correction, finding support at a key demand zone. The current bounce from this level, marked by a bullish candle, signals a potential shift towards upward momentum. Volume is steadily increasing, which further strengthens the case for a continued move higher.
Additionally, there’s a notable rise in MARKETSCOM:BITCOIN ETF inflows, adding more fuel to the current rally. This confluence of bullish factors sets the stage for BTC to reach new highs, with $75,000 being the next major target on the horizon. Traders should watch for sustained volume and momentum as key indicators of this breakout.
Bitcoin (BTCUSDT) - 4H Timeframe - Massive Target Achieved!The Bitcoin (BTCUSDT) 4-hour chart reveals a successful long trade setup, with all pre-determined targets reached. Here's a breakdown of the key technical elements that guided this trade:
Entry Point: Positioned at $61,732.3, the trade setup aimed to capitalize on a bullish momentum, as indicated by strong support above the Risological dotted trend line.
Stop Loss: Strategically set at $60,316.2 to limit downside exposure while providing room for price fluctuation.
Target Points:
TP1: $63,482.7
TP2: $66,315.0
TP3: $69,147.4
TP4: $70,897.7 (final target successfully hit, confirming strong upward momentum
)
Volume Analysis: The trading volume stands at 56.92K, with an average of 120.91K over the past 30 days, indicating a slightly below-average activity level, yet sufficient to support the trend.
Bitcoin's successful breach through each target highlights robust bullish sentiment. Monitoring future price action will be crucial to gauge the sustainability of this trend, especially considering potential resistance levels post-TP4.
Bitcoin: Cup and Handle Breakout PotentialBTCUSD technical analysis update
BTC has formed a Cup-and-handle pattern on the weekly chart over the last 1,100 days and is currently trading at $67,000, approaching a key resistance level. A breakout above this resistance would signal a potential upward trend. Once the breakout occurs, we could see a strong bullish move, with the potential for a 100% to 200% increase.
Regards
Hexa