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Trend Analysis

Bitcoin Price Set for Rally as Falling Wedge Pattern Conforms In the latest bullish developments for Bitcoin ( CRYPTOCAP:BTC ), the accumulation of $145 million in BTC by new wallets is driving market optimism, suggesting an impending rally. This fresh wave of buying has coincided with a technical breakout, solidifying sentiment that BTC could potentially soar to $100,000 by the end of the year. Here’s a deep dive into the technical and fundamental factors fueling this optimism. Fresh Wallets Signal Strong Bullish Sentiment According to a recent report from Lookonchain, 10 new wallets have collectively accumulated 1,910 BTC, valued at approximately $145 million, from the crypto exchange Binance. This massive purchase not only highlights heightened demand from high-net-worth investors but also signals broader market confidence. On-chain data shows a parallel drop in BTC exchange reserves, reflecting strong accumulation patterns—a bullish indicator that demand is outpacing supply. This buying spree comes as the crypto market enjoys a wave of institutional interest, partly driven by recent inflows into Bitcoin exchange-traded funds (ETFs). Notably, Farside Investors reported that the US Spot Bitcoin ETF saw over $1 billion in inflows on November 7, marking a record since its inception in January. BlackRock’s BTC ETF accounted for $1.11 billion of this influx, underscoring increasing institutional faith in BTC as a long-term investment. Macro Environment Following Donald Trump’s recent victory in the U.S. presidential election, hopes are rising for a favorable regulatory landscape. With his support for Bitcoin and digital assets, Trump’s administration could be instrumental in shaping clear regulations, which would benefit the broader crypto market. This political shift has sparked optimism, as it aligns with heightened activity from whales and institutional players who are eyeing BTC’s potential to reach new highs. Technical Analysis On the technical front, Bitcoin ( CRYPTOCAP:BTC ) has confirmed a falling wedge pattern, a formation typically associated with bullish reversals. This pattern suggests that CRYPTOCAP:BTC may break out to higher levels, with many analysts eyeing $100,000 as a near-term target, potentially by the end of 2024. At the time of analysis, CRYPTOCAP:BTC is trading around $76,209, up 1.6% from the previous day, with an all-time high (ATH) of $76,943 reached in the last 24 hours. Notably, the Relative Strength Index (RSI) currently sits at 66—approaching the overbought territory—indicating strong upward momentum. Additionally, a doji candlestick pattern on the chart reflects indecision in the market; however, this is often followed by a breakout, particularly in an established bullish trend like the one BTC is in now. Further strengthening the outlook is the potential formation of a golden cross, where Bitcoin’s moving averages (MA) have crossed above each other, historically a powerful bullish signal. This pattern, combined with increased whale activity and institutional inflows, paints a promising picture for BTC in the short and long term. Market Sentiment and Price Predictions Current trends and market sentiment are highly favorable for BTC. If BTC can maintain its crucial support level of $71,489, analysts expect it could rally to $80,000 in the coming weeks. Some even project a target of $88,000 by the end of November, bolstered by the steady increase in BTC Futures Open Interest, which has risen 1.7% in the last 24 hours. This rise in open interest is another indicator of strong market confidence. However, the recent surge has brought sharp volatility into focus. While the rally is expected to continue, investors should remain cautious, as significant price increases can lead to profit-taking, which may result in price corrections. Economic Indicators and Future Outlook Upcoming U.S. inflation data, including the Consumer Price Index (CPI) and Producer Price Index (PPI), may influence market sentiment. Positive inflation data could create further tailwinds for BTC by reinforcing its role as a hedge against inflation. Furthermore, political support from Trump’s administration is expected to provide a regulatory boost, potentially fostering a more robust digital assets market in the U.S. Conclusion With technical indicators aligning with strong fundamental factors, Bitcoin ( CRYPTOCAP:BTC ) appears poised for a substantial rally. The recent accumulation by new wallets, coupled with favorable macroeconomic conditions and strong institutional support, sets the stage for CRYPTOCAP:BTC to potentially reach the highly anticipated $100,000 milestone. As always, investors are advised to monitor the market closely, as rapid price changes can trigger volatility. Yet, the ongoing surge in institutional interest, whale activity, and positive regulatory developments suggest that CRYPTOCAP:BTC could be on the brink of a historic rally.
BINANCE:BTCUSDLong
by DEXWireNews
3
VANRYUSDT Bullish Breakout or Bearish Collapse? Crucial LevelsYello, Paradisers! Is #VANRYUSDT primed for a bullish breakout or a looming downside? Here's the detailed analysis: 💎#VANRY could set up for a perfect bullish move if it successfully breaks the descending resistance trendline. Currently, the price is expected to test the support zone around $0.082 to $0.078. On the hourly chart, an *Inverse Head and Shoulders (IHNS)* pattern is forming, accompanied by a *three white soldiers* candlestick pattern—both strong bullish indicators. This suggests a high probability of a rebound from support, potentially pushing the price back up to challenge the descending resistance trendline. A successful breakout could lead to a significant move toward the key resistance at $0.113. 💎This $0.113 level is crucial; if VANRY breaks above it, we could see continued upward momentum toward the major resistance zone. However, if the price faces rejection at this key resistance, it could reverse and head downward. 💎The concerning scenario emerges if VANRY fails to rebound from the initial support zone and breaks down further. This could lead to a retest of the major support area. Historically, this zone has held strong, leading to significant rebounds. 💎For the bullish scenario to remain intact, a rebound from this level and a reclaim of the $0.062 support are necessary. If VANRY breaks below the major support with a daily close under it, it would confirm a bearish shift, potentially triggering deeper price declines. 🎖Stay disciplined and patient, Paradisers! Remember, long-term success relies on strategic trades and careful observation of key levels. Trade smart and be ready for the next big move! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
Hookusdt trading opportunityHOOKUSDT is currently trading within a downtrend channel, with price approaching the potential bottom of this range. We anticipate a possible reversal from this area, making it an opportunity to begin gradual accumulation. The plan is to start buying in the weaker accumulation zone and, if the price drops further, add more at the stronger support level. This setup is recommended only for spot trading, with the primary target set around the immediate supply zone, where we expect resistance.
by weslad
2
BTC - Bullish Phase Confirmed!Hello TradingView Family / Fellow Traders. This is Richard. 🗒 Do you remember this post from 2023? and this post from last month? 📌 It is confirmed. Pattern 1 Activated after breaking above the red channel and 70k. ❗️N.B. Always remember, nothing moves in a straight line, so we might see a correction (in the form of a higher low) along the way. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! 🗒 All strategies are good, if managed properly! ~Rich
Long
by TheSignalyst
4
Smart Money Market Structure Order Block Trading🔸The principles of "smart money" trading focus on understanding the behavior of institutional investors, often referred to as "smart money," to make informed trading decisions. By analyzing market structure, order blocks, supply and demand zones, and market cycles, traders aim to predict price movements and make profitable trades. Here’s a breakdown of these key concepts and how they interact: 1. Market Structure Market structure is the fundamental flow of price movement, typically defined by highs and lows that indicate trends. The market can be seen in three primary states: ▪️Uptrend: Characterized by higher highs (HH) and higher lows (HL). ▪️Downtrend: Defined by lower highs (LH) and lower lows (LL). ▪️Consolidation (Range-bound): Prices oscillate between a support (demand) and resistance (supply) level. ▪️Understanding market structure helps traders identify when a market is trending or ranging, which is essential for timing entries and exits. 2. Order Blocks Order blocks are areas on a price chart where large institutional traders, like banks and hedge funds, execute significant orders. These blocks often indicate strong levels of support or resistance due to the substantial buying or selling activity. ▪️Bullish Order Block: Typically found before a strong upward move. It's the last bearish (down) candle before the price rallies, signaling a demand zone. ▪️Bearish Order Block: Typically found before a strong downward move. It's the last bullish (up) candle before the price drops, indicating a supply zone. ▪️Order blocks provide clues to where "smart money" has entered the market, suggesting areas where price may return for liquidity and where retail traders may find good entry points. 3. Supply and Demand Zones Supply and demand zones are similar to support and resistance levels but with a focus on identifying imbalances. They represent areas where supply (sellers) and demand (buyers) are significantly unbalanced: ▪️Demand Zone: A price range where buyers are strong enough to prevent further price drops. This often corresponds to an area of support. ▪️Supply Zone: A price range where sellers have historically stepped in to prevent further price increases, serving as resistance. ▪️Prices often revert to these zones due to liquidity needs, creating entry points for trend continuations or reversals. 4. Lower Highs (LH) and Higher Lows (HL) These are essential markers in identifying trend changes: ▪️Lower Highs (LH): In a downtrend, the price fails to reach a previous high, indicating seller dominance and potential continuation of the downtrend. ▪️Higher Lows (HL): In an uptrend, the price creates higher lows, suggesting that buyers are gradually gaining strength, signaling a continuation of the uptrend. These structural points help traders understand potential trend reversals or continuations. 5. Accumulation and Distribution Phases These phases are critical to the Wyckoff Market Cycle: ▪️Accumulation: This phase represents a period where "smart money" accumulates positions at low prices. It typically occurs after a downtrend and is characterized by a consolidation or sideways price movement. This phase often signals a future uptrend. ▪️Distribution: This is the phase where institutional players offload positions after a significant price increase. Like accumulation, distribution appears as consolidation, often preceding a downtrend. ▪️Accumulation and distribution are often analyzed using volume patterns and price action to gauge when a trend may begin or end. 6. Market Cycles (The Wyckoff Theory) Market cycles are a sequence of phases that price undergoes over time. According to Wyckoff’s methodology, there are four phases: ▪️Accumulation: Institutions build positions, often at a market bottom. ▪️Markup: After accumulation, the price starts to increase as demand outstrips supply. ▪️Distribution: Institutions sell off their positions, often at the top of the cycle. ▪️Markdown: Price declines as supply overwhelms demand, leading to a downtrend. ▪️Understanding these phases allows traders to anticipate potential turning points, which is critical in smart money trading. Applying These Principles in Trading The smart money trading approach uses these principles collectively: 🔸Identify Market Structure: Determine whether the market is trending or ranging, then identify order blocks, supply and demand zones, and significant highs and lows. 🔸Recognize Key Levels: Watch for accumulation and distribution phases at these levels, helping to anticipate likely future movements. 🔸Confirm with Volume: Use volume analysis to confirm accumulation or distribution activity. 🔸Set Entries and Exits at Smart Money Zones: Utilize identified order blocks and supply/demand zones to enter trades with the trend (markup or markdown) or exit before a reversal. 🔸By combining these elements, traders seek to align with the strategies of institutional investors, capturing trends early and minimizing exposure during less favorable periods.
Education
by ProjectSyndicate
7
EURUSD POTENTIALLY BEARISHWe saw a massive strength gain to the USD yesterday which shifted a lot of expectations in the market direction. The previous low @1.07682 on FX:EURUSD was broken and now we are seeing market back at the zone again for a retest. If the zone holds as a new found resistance, and we see some form of price action candle to confirm the exhaustion of the retest, I will go in for a short (sell) with targets at 1.05147 and 1.00773. Until then we keep our fingers crossed. For every position you look to trade, use proper risk management as past results does not guarantee future results. #EURUSD
Short
by Mbjoey
2
BITCOIN - this is just the beginning!We had previously predicted that Trump would win the US elections, and we talked about how positive that would be and how this coincided with the rise of Bitcoin and the start of the bull market in a detailed scenario, and it happened precisely. Many are asking about currencies now and are worried about entering after this recent rise You should know that this market has stages Bitcoin Dominance still high Which means that Bitcoin gave a small portion of liquidity to currencies this is chart for BTC dominance and just imagine if this huge rising wedge breakdown? so iam extremly bullish this time and should nknow ALTseason didn't start yet! If you enter the chart of any coin, you will find that it is still at the bottom I see that there are many opportunities and you will easily find from this region many currencies made x5, x10 easly. What we need in the coming days is for Bitcoin to make a temporary peak, then correct, then move sideways, decline in BTC dominance for BTC i see it make a NEW ATH after more than 250days of accumulation any small correction in BTC is a positive sign for ALTS
Long
by ceciliones
1
HelenP. I Bitcoin will correct to support zone and continue riseHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price declined to the trend line and then at once rebounded up and rose to support 2, which coincided with the support zone. Soon, the price broke this level, made a retest, and continued to grow, but later turned around and made a correction movement to support 2. Then, BTC tried to grow again but made a correction one more time to the trend line, and then it finally started to rise. In a short time, BTC grew to support 1, which coincided with one more support zone, some time traded near and then dropped to the trend line. Price some time traded between this line and later made a strong impulse up, breaking support 1 and even rising higher than the support zone. At the moment, the price continues to move up and I expect that BTCUSDt will correct to the support zone and then continue to move up. For this reason, I set my goal at 77400 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
5
BTCUSDT NEXT MOVE 77500 The BTC/USDT pair shows strong bullish momentum, suggesting that Bitcoin could be headed toward a price target of $77,500 in the near term. Several factors are contributing to this upward movement, including positive market sentiment, increased institutional adoption, and growing interest from retail investors. Additionally, technical indicators such as rising moving averages, increasing volume, and bullish price action support the notion that Bitcoin is poised for a continuation of its recent rally. If key resistance levels are broken and support holds, Bitcoin could very well reach this target, potentially signaling a new phase of growth in its market cycle.
Long
by adnanmalik1701
3
Bitcoin - The Beginning Of The Next Phase!Bitcoin ( BITSTAMP:BTCUSD ) is finally breaking all resistance: Click chart above to see the detailed analysis👆🏻 Patience once again paid off after Bitcoin has been retesting the previous all time high for about 250 days, not really being able to create a sustainable breakout. But now, after all this waiting, things are happening pretty quickly and Bitcoin is on its way to the magical $100.000 level. Levels to watch: $70.000, $100.000, $300.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
1
S&P 500 - Why everyone is probably wrong.Popular YouTube channels, financial media, everyone is talking about the great big crash of 2023 to come. Everyone is probably wrong. Why? The chart stupid. The recent breakout of resistance is seen by many as a bull trap. Maybe. I see a backtest of past resistance and price action landing on the golden ratio. There’s something else, however. The Life cross. A life cross is defined as: 1) The 50-day SMA crossing up the 200-day SMA AND 2) Price action above the 200-day SMA. But WW this cross is a fake out! There’s no evidence to support that. Have studied the last 60 years of life crosses on the index. Do you know how many printed a false signal? 0. Nadda. Not one. Ww The last 20 years of life crosses.. July 8th, 2020 April 1st 2019 April 26th, 2016 February 1st, 2012 October 22nd, 2010 June 20th, 2009 September 12th 2006 November 10th, 2004 May 16th, 2003
SP:SPXLong
by without_worries
64
BONK: A massive move could be around the corner! If you're looking to trade BONK at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above $0.0000238 and take profits at the levels shown in the chart. Targets: 1. $0.000025 2. $0.000027 3. $0.000029 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
4
Cardano ADA price has risen from the "dead"While CRYPTOCAP:BTC is updating ATH, the price of CRYPTOCAP:ADA is finally breaking away from the bottom) Unfortunately or fortunately, these are the realities. Very few projects from 20-21 and even more so from 16-17 feel good and confident now, only young, hype and “light” projects are shooting up. God bless the price of OKX:ADAUSDT to rise to $0.49-0.50, then slightly adjust and then shoot up to $0.80, and if you're lucky, to $1. And for the #Cardano holders and altruists, patience to wait for that time. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2