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Nov.12-Nov.18(BTC)Weekly market recapAs the cryptocurrency market continues to expand, several factors will influence the sustainability of the current upward trend. Firstly, the direction of the Federal Reserve's monetary policy is crucial. If inflation resurges and leads to a tightening of monetary policy, it could pose a significant obstacle to market gains. Additionally, the implementation of specific policies by the Trump administration, including the establishment of regulatory frameworks and strategic reserves, will also play a vital role. Moreover, the ongoing participation of institutional investors is a key factor, as their capital flows often have a substantial impact on market trends. Currently, the cumulative net inflow for BTC ETFs stands at $27.714 billion, while ETH ETFs have seen a net inflow of $139 million. It is noteworthy that since August 5 of this year, Tether has minted over $7 billion USDT on the Ethereum blockchain. Changes in the supply of stablecoins have become an important market indicator; an increase in stablecoin supply not only reflects market confidence in cryptocurrencies but also provides potential support for subsequent price increases. Last week, BTC exhibited a volatile trend, with significant price fluctuations. The WTA indicator shows the appearance of blue bars representing whales, indicating the presence of large capital. The purple wave area on the ME indicator is widening, suggesting a strengthening bullish sentiment. In summary, we believe BTC may experience an upward movement this week, but caution is warranted regarding price volatility risks. We have adjusted the resistance level to $95,000 and the support level to $85,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSDLong
by Sypool
Fasten your seatbelt to 10T$- Everything is in Graphic and simple ( bubbles and fibo ). - Upper trendline from 2018. - This double TOP in 2021 irritates abit but it won't change the future. - how we go and when we go... i don't know. - Cryptos are volatile and super fast. - Where we go... i know. - Around 10T$ MC. - if u want to know why CRYPTOS are super fast, i have an easy answer : - The new generation prefers watch a 30 seconds TikTok Video rather than Youtube 30 Minuts video ! ( think about it and compare to finance ). - What i bet for the TOP of next bull run ? - BTC around 4.5T$ MC. (45%MC) - Altcoins around 5.5T$ MC. (55%MC) Hodl! Happy Tr4Ding !
CRYPTOCAP:TOTALLong
by thecryer
7
BTCUSD | Trade idea BTCUSD Performance: BTCUSD pulled back after reaching a minor top around $65,000, hitting a high of $65,103 and currently trading around $62,500. Rate Cut Probability: The probability of a 25 basis point rate cut in September increased to 71.50% from 71% a week ago (CME Fed watch tool). BTC ETF Inflows: BTC ETF saw an inflow of $202.51 million, with BlackRock attracting $224 million. US Markets: NASDAQ, which has a negative correlation with BTC, is bearish but neutral for BTC. NASDAQ is trading weak ahead of Nvidia earnings; a close above 20,000 could push it to 20,500.
BINANCE:BTCUSDLong
by DynamicCapital-FX
OTHERS D. HIGHER LOW @ BB SUPPORTHello, dear altcoin enthusiasts! Happy Friday! This is OTHERS.D on the weekly chart. FYI, OTHERS.D represents the total market cap of crypto excluding the top 10 altcoins. A higher low appears to be forming on the weekly time frame, with the Bollinger Bands holding as support. If this level holds, it could mark the starting point of the next altseason. However, we must wait for the weekly close to confirm. Patience is key. The next update will be on Sunday. Stay safe and enjoy these wonderful days we’re living in!
CRYPTOCAP:OTHERS.DLong
by vagada
Ripple Is Breaking Bullish TriangleWe talked about Ripple with ticker XRPUSD back on September 12, where we mentioned and highlighted that a larger bullish triangle pattern in wave IV is coming to an end that we may see a bullish breakout for wave V. As you can see today on November 15th, XRPUSD is breaking out of a larger bullish wave IV triangle pattern, which means that wave V can be already underway, especially if breaks 0.95 bullish confirmation level, just watch out on short-term pullbacks. The reason why Ripple could extend higher is the upcoming launch of Ripple USD (RLUSD). Ripple USD (RLUSD) is a new stablecoin aimed at bridging blockchain and traditional finance. Designed for enterprise use, RLUSD focuses on stability, efficiency, and transparency, enhancing Ripple’s cross-border payments and meeting the demand for USD transactions.
BITSTAMP:XRPUSDLong
by ew-forecast
KuCoin Is Looking For A Bullish ContinuationKuCoin with ticker KCSUSD is nicely rising as expected after we spotted a completed higher degree wave IV correction and bullish breakout for a higher degree wave V a year ago. As you can see today, KCSUSD is still holding up well and it may actually formed a lower degree bullish setup formation with subwaves 1 and 2, which can now extend the rally within subwave 3 of a five-wave bullish cycle within that higher degree wave V. KCS is KuCoin's native token, launched in 2017 as a profit-sharing token. Initially issued as an ERC-20 token on Ethereum, its total supply was 200 million, with plans to reduce it to 100 million through buybacks and burns. KCS will eventually become the native asset for KuCoin's decentralized financial services and governance. KuCoin aims to empower KCS, making it a key product within its ecosystem. As KuCoin develops its DEX and KuChain, KCS will serve as the primary token for these decentralized products.
Long
by ew-forecast
Nov.05-Nov.11(ETH)Weekly market recapLast week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold digital currencies obtained from assets seized from financial criminals by the federal government, and the promotion of the U.S. BTC mining industry, with the hope that the remaining global BTC will be mined in the United States. Currently, the U.S. is in a rate-cutting cycle, with a reduction already implemented on November 8, and another expected this year. As long as the CPI data on November 13 does not exceed expectations, the likelihood of further rate cuts is significant. Last week, there was a substantial net inflow into ETH ETFs, indicating that following Trump's victory, the favorable monetary policy has sparked optimism and speculative behavior among investors, leading to a significant influx of capital into the cryptocurrency market. Given the current landscape, the cryptocurrency-friendly regulatory environment, the substantial inflow of funds into ETH ETFs, and the macroeconomic benefits of the Federal Reserve's rate cuts are all catalysts for ETH's rise last week and its potential future increases. Under the leadership of BTC, ETH exhibited a one-sided upward trend last week, with the increase nearly compensating for the decline experienced since July of this year. The WTA indicator has shown blue bars, indicative of whale activity, suggesting significant capital inflow. Meanwhile, the orange wave area of the ME indicator is rapidly tightening, signaling a weakening of bearish sentiment. In summary, we anticipate that ETH may rise this week, although caution is warranted regarding potential pullbacks. We have adjusted the resistance level to 3400 and the support level to 3000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSDLong
by Sypool
Nov.05-Nov.11(BTC)Weekly market recapLast week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold digital currencies obtained from assets seized from financial criminals by the federal government, and the promotion of the U.S. BTC mining industry, with the hope that the remaining global BTC will be mined in the United States. Currently, the U.S. is in a rate-cutting cycle, with a reduction already implemented on November 8, and another expected this year. As long as the CPI data on November 13 does not exceed expectations, the likelihood of further rate cuts is significant. Last week, there was a substantial net inflow into BTC ETFs, indicating that following Trump's victory, the favorable monetary policy has sparked optimism and speculative behavior among investors, leading to a significant influx of capital into the cryptocurrency market. Given the current landscape, the cryptocurrency-friendly regulatory environment, the substantial inflow of funds into BTC ETFs, and the macroeconomic benefits of the Federal Reserve's rate cuts are all catalysts for BTC's rise last week and its potential future increases. BTC exhibited a one-sided upward trend last week, continuously reaching new highs near $90,000. The WTA indicator shows the appearance of blue bars representing whales. This macro shift is beginning to attract large capital. The purple wave area on the ME indicator is widening, indicating strengthening bullish sentiment. In summary, we believe BTC may rise this week, but caution is warranted regarding potential pullbacks. We have adjusted the resistance level to $90,000 and the support level to $79,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSDLong
by Sypool
Crypto VS Equity : Which you will Choose for 3rd Qtr 2024This chart is very interesting for those who are struggling to find the investment opportunities. We have technical charts, And you can see 4 windows, upper two are cryptos and lower two are Indian Equity index. Now, if we look at the charts, you can easily understand that cryptos are running for this month whereas the equity part is falling , as we all are quick learners, so we can understand what's happening here. In simple words money is going out of various asset classes, even the gold, Fd's ,equities and being invested or traded with cryptos. After the US President election Crypto coins are running in optimism. As Donald Trump have positive stance towards cryptocurrency. And Nobody wants to be left out And so money is getting out of other investment assets. I love to here your views on this ... use Comment box
CRYPTO:BTCUSDLong
by Mohit_T
BITCOIN📊 #BTCUSDT ⏱ TIME: 1D 📝According to the pinned analysis at the bottom of the page (previous post), Bitcoin is currently completing its fifth wave, with its first expected resistance range around $93,000 to $95,000. If this range is lost, the next resistance level is between $111,000 and $115,000. If a divergence appears with the RSI indicator at these resistance levels, it could be a signal to enter a sell position. If the price gets rejected from the specified levels, I will announce the targets and update the analysis. If you want me to analyze another currency, comment its name. Thank you❤️
Short
by lilebi
What is next for BTC?Hi, it has been a long time since my last post but I feel like I should give my thoughts in the future of BTC. I believe the we will see the same pattern that we had in the 2021 bull run and BTC could potentially hit a new ATH this year. I don't think we will have the strenght to reach 100K but 80K BTC can be done. If this is your first bull run I advise you to trade carefully since the bottom of BTC might still come before the next leg up. In the previous bull run we started strong in the first few months and then slowed down in June and July. I think the same will happen this year (first BTC and then altcoins). If my predictions are correct I will post a BTC chart when its time to sell. Comment what you think and follow please! Note: This is not financial advice, trade carefully.
Long
by Devan-CryptoCharts
BTC Smashes ATH Price Discovery engaged!Total Market Cap Breakout The crypto total market cap is poised to breach $3 trillion, fueled by increasing volume and Bitcoin's surge past $81,000 resistance. Key Indicators Next significant resistance: 2.618 Fibonacci level around $90,000 Weekly RSI remains overbought, indicating a potential pullback Trading Strategy Taking profits below $90,000 in anticipation of possible rejection Maintaining exposure due to strong upside momentum Caution: BTC unlikely to break $100,000 on the first attempt given recent rapid gains Trading Considerations Watch for rejection at key levels Pullback potential Momentum favors continuation
BITSTAMP:BTCUSD
by artashesk
ALTcoins Are Trying To Follow Bitcoin; DeFi Bulls Are HereWe talked about DeFi Index back on August 21, when we actually spotted a completed complex W-X-Y corrective setback that gave us a bullish setup formation of a larger degree. Since August it's been mostly accumulating and with a broken channel resistance line connected from the highs, it's probably forming a bullish setup formation with a sharp wave (1), which was followed by an A-B-C flat correction in wave (2) that nicely retested upper channel line as a support. So, with current sharp and impulsive rally, watch out for a strong bullish continuation within wave (3) of a five-wave bullish cycle that can send the price back to March highs, especially if breaks base channel resistance line and 1000 bullish confirmation level.
Long
by ew-forecast
1
Bitcoin: Is a New Bullish Run on the Horizon? Despite Bitcoin's impressive 50% rise this year, the past six months have been challenging for investors. After the much-anticipated halving event in April, many expected a substantial surge in Bitcoin's price. However, since then, the cryptocurrency’s value has remained relatively stagnant, currently hovering around $68,600. This situation leaves investors at a crossroads: should they continue to invest in Bitcoin with hopes of significant gains, or is it time to explore other high-risk, high-reward alternatives? The Investment Dilemma: Short-Term vs. Long-Term Outlook If you are contemplating an investment in Bitcoin, managing expectations for the remainder of the year is crucial. Current predictions suggest that Bitcoin has about a 57% chance of reaching a new all-time high in 2024, making it essentially a coin toss as to whether it will surpass its previous peak of $73,750. The probability of Bitcoin hitting the much-anticipated $100,000 milestone this year stands at a modest 14%, further highlighting the uncertainty in the short term. However, the long-term outlook for Bitcoin remains optimistic. For instance, investment firm Bernstein predicts that Bitcoin could reach $200,000 by the end of 2025. Visionaries like Cathie Wood, founder of Ark Invest, foresee Bitcoin soaring to $1 million by 2030. Even more ambitious, Michael Saylor, founder and executive chairman of MicroStrategy, believes that Bitcoin could reach a staggering $13 million by 2045. For investors seeking short-term gains, Bitcoin may not be the best option at present. Tech stocks, such as Nvidia, which has seen a 159% increase this year, could offer more immediate returns. However, for those considering a longer investment horizon—five years or more—Bitcoin still presents a solid opportunity for growth. Bitcoin’s Role in the Future Financial System One of the most compelling reasons for Bitcoin’s long-term potential lies in its ability to transform the global financial landscape. Bitcoin is more than just a digital currency—it is underpinned by blockchain technology, which promises faster, cheaper, and more efficient financial transactions. The potential to disrupt traditional financial systems and become a cornerstone of the global economy is what makes Bitcoin an attractive investment. Cathie Wood likens Bitcoin's potential to that of the "information superhighway" that revolutionized the internet. She envisions a "financial superhighway" where blockchain replaces the internet and economic value replaces digital information. Wood predicts that Bitcoin could reach $1.5 million within a few years, a reflection of its transformative power. However, it's important to remain cautious about such lofty predictions. While Bitcoin’s revolutionary potential has been touted for over a decade, much of its promise as a viable payment method remains unfulfilled. For example, when was the last time you used Bitcoin for an everyday online purchase? Adoption, though growing, is still not at a level that justifies these sky-high predictions. A New Wave of Political Support for Bitcoin One significant shift in 2024 is the rise of political support for Bitcoin in the United States. There's growing awareness that the US is lagging behind other countries in terms of crypto adoption. High-profile politicians, including former President Donald Trump, have started advocating for America to become the “crypto capital of the world” and a “Bitcoin superpower.” The idea of a “Bitcoin arms race” with other nations is gaining traction. In July, Senator Cynthia Lummis (R-Wyoming) proposed the idea of establishing a national strategic reserve for Bitcoin. She suggested that the US should commit to acquiring 5% of all Bitcoin in circulation, similar to how the country maintains a strategic oil reserve. While this may seem bold or even risky, it reflects the growing belief in Bitcoin’s long-term value. These political developments add momentum to the optimistic price predictions, but it's important to remember that Bitcoin won’t skyrocket to $1 million overnight, even with the introduction of Bitcoin ETFs or strategic reserves. Bitcoin’s Price Journey and Future Prospects Since 2013, Bitcoin has risen from $100 to its current $68,600. If you believe in its continued upward trajectory over the next decade and are prepared to endure the inherent volatility of cryptocurrencies, it might be worth considering an investment while the price remains below $100,000. However, the question remains: is Bitcoin ready for another major rally? Technical and Market Insights From a technical standpoint, Bitcoin is currently sitting on a significant dynamic resistance trendline, which it has failed to break through five times since March 2024. The more a support or resistance level is tested, the weaker it becomes. This suggests that Bitcoin may be gearing up for a potential breakout. Additionally, the latest Commitment of Traders (COT) report reveals an interesting contrast. Commercial traders, often referred to as "smart money," are increasing their long positions, while large speculators have turned bearish. This divergence could indicate that the institutional market believes a bullish run is imminent, while retail traders remain cautious. Adding to this, the seasonality pattern from last year showed a strong bullish run starting around this time. Could history repeat itself? The confluence of a weakening resistance, smart money bullishness, and favorable seasonality patterns could point to a new upward movement for Bitcoin. Conclusion: Should You Buy Bitcoin Now? Bitcoin's current situation presents a mix of opportunity and risk. While the short-term outlook remains uncertain, the long-term potential for Bitcoin as a transformative force in the global financial system is undeniable. With institutional investors showing increased interest and political support growing, Bitcoin could be on the verge of a significant breakthrough. For those with a long-term investment horizon and the ability to weather volatility, Bitcoin remains a strong contender in the world of high-risk, high-reward assets. However, if you’re looking for short-term gains, you may want to explore other options like tech stocks, which have been delivering exceptional returns this year. What do you think? Will Bitcoin finally break through its resistance and embark on a new bullish run? Let us know your thoughts in the comments below.
CME:BTC1!
by FOREXN1
1
Oct.29-Nov.04(ETH)Weekly market recapLast Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of ETH surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable. Currently, the differing expectations regarding monetary policy and future inflation between the two candidates in the U.S. election make the election outcome pivotal for the mid-term trajectory of BTC, while also impacting the price of ETH. Should Trump be elected, the promised favorable policies may come to fruition, increasing the likelihood of institutional investments in BTC, thereby enhancing its fundamentals as digital gold. Conversely, if Harris takes office, the SEC is expected to maintain its stringent stance on cryptocurrency regulations. Last week, ETH experienced an initial rise followed by a decline, but the overall fluctuations were minimal, remaining within a consolidation range without any significant trend. The WTA indicator showed blue bars representing whales, which disappeared after Saturday, indicating a withdrawal of substantial capital. The ME indicator continues to reflect a bearish trend. In summary, we anticipate that ETH may continue to oscillate this week. We maintain our previous resistance level at 2800 and support level at 2200. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool
1
Oct.29-Nov.04(BTC)Weekly market recapLast Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of BTC surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable. Currently, the outcome of the U.S. presidential election is pivotal for the mid-term trajectory of BTC, given the differing monetary policy and inflation outlooks of the two candidates. Should Trump be elected, the promised favorable policies may come to fruition, increasing the likelihood of institutional investments in BTC, thereby enhancing its fundamentals as digital gold. Conversely, if Harris takes office, the SEC is expected to maintain its stringent stance on cryptocurrency regulations. Last week, BTC experienced an initial rise followed by a decline, breaking through the resistance level to reach $73,590 on Tuesday. The WTA indicator showed the emergence of blue bars representing whales, but these disappeared after Saturday, indicating a withdrawal of significant capital. The ME indicator remains in a bullish trend. In summary, we anticipate that BTC may experience considerable volatility this week. We have adjusted the resistance level to $74,000 and the support level to $67,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSD
by Sypool
1