Run it back Turbo! besides bullish divergence on the weekly and numerous other indications like hashrate, aproaching halving etc.
the probability that we have bottomed out is in my opinion quite high from what i see and feel.
so here i drew some trendlines and a fib circle
the Ellipses are equal size (copy/paste)
they seem dancing around the following fib circles coloured RED.
1st = 1.618,
2nd = 4.618,
3rd = 6.618
i speculate the upcoming 4th = 8.618
added the past halving dates and upcoming 4th halving aprox early Q1 2024
of course this is not financial advise but an idea exploring visible patterns and possible target zones.
let me know your thoughts.
Xbt
Bitcoin Wyckoff Distribution 2025Some very concerning facts which I would like to share with you.
This looks like a perfect Wyckoff Distribution to me and I will also post another chart image below with other things to notice!
I can not post the wyckoff image here but go to this link and look for the SChematic #1 and compare for yourself! www.wyckoffanalytics.com
here the other chart:
Bitcoin[BTC] - Do you see a similarity ?#BTC/USD #Analysis
Description
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+ Dec 2024 Bitcoin chart looks exactly like the pattern of the Dec-2023
+ In Dec-2023 we saw similar channel formation and price broke down from the support line briefly and then bounce back in January.
+ The same pattern we are seeing now, channel formation completed and price broke down from the support line of the channel.
+ I'm expecting price to decline further upto 85k zone and bounce back from there.
+ A bounce back from this zone will push the bitcoin price parabolic.
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Comparing Christmas 2020 vs 2024#Altcoin Marketcap #Analysis
Description
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+ Comparing the altcoin marketcap on 2020 vs 2024 Christmas (pre bull run years), during the christmas week altcoin had a significant drop in the marketcap and after holidays we saw significant growth in the marketcap pushing the altcoin prices higher.
+ I'm seeing similar pattern in this bull run, in 2025 we are doing to see a huge bull run and during this Christmas week it was expected to see some drawdowns.
+ I'm expecting the market to see a complete recovery in the first two weeks of the Jan 2025.
+ I'm doing DCA for most of my Altcoin holdings and increasing my investment in some AI based tokens.
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#BTCUSDT #4h (Bitget Futures) Rising wedge on resistanceBitcoin uptrend looks exhausted and keeps getting rejected on overbought RSI zone, a retracement down to 100EMA support seems around the corner.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: Bitget Futures
Signal Type: Regular (Short)
Leverage: Isolated (15.0X)
Amount: 5.0%
Current Price:
106966.8
Entry Zone:
107142.0 - 108740.0
Take-Profit Targets:
1) 104521.8
1) 101946.7
1) 99371.7
Stop Targets:
1) 110802.2
Published By: @Zblaba
CRYPTOCAP:BTC BITGET:BTCUSDT.P #4h #Bitcoin bitcoin.org
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.5% | +83.3% | +119.1%
Possible Loss= -39.8%
Estimated Gaintime= 1-2 weeks
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.
$btc Weekly Analysis Historically, price between these green lower level consolidation is a low risk buy for long term hodlers. But as you can clearly see, bitcoin is heading for lower and lower volatility until one day the trend breaks.
If you scroll right you can see the bull band and bear band come to a point.... what will happen then God only knows. If lower band breaks and we retouch the previous resistance at 7k, obviously my statement is void because my trend lines are broke.
Also the whole c0vid-crash is so weird to me, was it a red herring, does the support price achieved (around) 3/18/20 still hold value even though it could be a 'red herring'? I say absolutely it matters and we should incorporate that support price in our charting and calculations.
DISCLAIMER======= ' [ ]
My Log regression is not calculated with anything but the curve tool, please take it with a grain of salt, if i have any algebra friends with knowledge of logarithmic regression please feel free to reach out as your input would be greatly appreciated.
Bitcoin is entering the sell-zoneBitcoin's price is hovering at a critical level, and the potential for a deeper bearish move looms large. Historically, when Bitcoin dips below key support levels (56999 and 49999), it can trigger algorithmic trading bots to initiate aggressive sell-offs, accelerating price declines faster than manual traders can react. This phenomenon has occurred in previous bear markets, where sharp drops activated cascades of sell orders, pushing prices down rapidly.
Currently, BITGET:BTCUSDT.P Bitcoin is flirting with the $55,000 support zone, and failure to hold this level could signal the beginning of a deeper decline. A break below FWB:42K may lead to a swift drop toward $20K, as bearish sentiment is dominating the market, particularly with futures traders leaning heavily toward short positions. The broader market is likely to interpret this breach as a confirmation of sustained downward pressure, which could drive Bitcoin to revisit the $15,000 level—similar to the 2022 bear market.
For those who purchased BINANCE:BTCUSDT.P Bitcoin around the $50,000 mark, the risk of a significant drawdown looms large, with potential losses of 50% or more if Bitcoin plunges toward $25,000 or lower. Further downside could see Bitcoin retrace all the way to $15,000, reflecting the magnitude of the correction experienced during the last major crash in 2022.
Given the current technical outlook, the absence of bullish momentum combined with major resistance levels at $60K and $70K suggests that a rebound might be unlikely without strong buying pressure. A breakdown in the $40K area could accelerate bearish moves as algorithmic bots kick in, potentially leading to a rapid sell-off and testing lower levels.
Investors and traders should stay vigilant, as any further breach of support could lead to a prolonged bear market, reminiscent of Bitcoin’s previous crashes and so a sell-off could happen quicker than you can open a short position.
Bitcoin , What happened to Him! ? Based on Elliott's theoryIn The Name Of God, Who created the pen
THE BEAR RETURN TO THE CAVE
next target about 40000$
i think if power of correction wave in the primary cycle between 70% to 80%
then
In the future, buy bitcoin as close as possible to the double horizontal black lines .
double black lines = BIG-TICKET in Investing Long-Term
thank u 4 notice
Bitcoin - Where It Should Be Is Correct.
Bitcoin - Where It Should Be Is Correct
Bitcoin hovering around this price range in a sideways channel for a long period of time is exactly where it should be in cycle where weak hands get bored and sell to strong hands.
Z-Score showing no signs of anywhere near an overheated market, Spot ETF's are still very underallocated, the RSI Halving 100, Weekly repeating the same sideways "boring" market we have always seen.
When this trend eventually ends the price flips to the upside in a very short period of time catching most of the market off guard. Until the flip happens which looks like it will happen before year end, any Bitcoin price under $100,000 is a gift.
Eyes on Bitcoin. its looking more and more like 2017 as the weeks go on.
Bitcoin - COVID vs RECESSION fear comparison#BTC #Analysis
Description
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The monthly chart for Bitcoin is displaying a pattern reminiscent of the 2020 COVID crash chart. In 2020, Bitcoin experienced a similar crash, leading to a significant wick in the monthly chart. We are currently observing a similar pattern in 2024, attributed to the market crash caused by recession fears. I anticipate a recovery in the price similar to what was witnessed in 2020. Such a recovery would confirm the presence of a bull market.
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Bitcoin - A clear reversal is needed for bullish trendBitcoin is currently trading in the support zone around the $58,000 range. This support level has been tested multiple times and has held strong each time.
For the bullish trend to continue, we need to see a clear reversal from this $58,000 zone. However, a breakdown from this support could push the price further down to the $54,000 range.
At this moment, it’s uncertain which direction the price will move, but I’m optimistic that it will trend upward since the support has held strong multiple times.
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Bitcoin - A short term overviewBINANCE:BTCUSD (1H CHART) Technical Analysis Update
BTC is currently trading at $58593 and currently trading at the support zone. Looks like price is consolidating around 58K range. A break out or break down from this consolidation will result in price reaching the next target.
- If price breaks down then the next support for bitcoin is around 55K range.
- If bounces back from this range then next resistance is around 61K range.
Let's see how this plays out.
It looks like price will mostly bounce back from this range. This gives us a long opportunity
Entry: 58K range
StopLoss: 56500
TP1: 59000
TP2: 60000
TP2: 61000
Don't forget to keep stoploss.
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GreenCrypto
BTC / BITCOINBTC/USDT Analysis: High Time Frame Insight
The thick line on the chart represents a higher time frame, likely a weekly or monthly level. This indicates that the marked levels or events around this line could have a significant impact on the long-term price movements of Bitcoin.
Current Price Action:
The chart shows a gradual downtrend, which might continue until around August 18th, potentially marking a local bottom. Red dotted lines suggest periods where the market could reach local peaks, followed by possible corrections.
Strategic Entry Points:
Green lines represent optimal periods for considering long-term entry points, especially if the trend shows signs of reversal. The thick line, drawn from a higher time frame, suggests that current price action is occurring within the context of a broader trend, possibly leading to either a major correction or a substantial move.
These time frames are crucial for strategic investment planning, as they indicate potential turning points in market sentiment.
BTC - Price is still retesting#BTC/USDT #Analysis
Description
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+ It's fascinating to observe that this retest remains in progress, consistently holding up as a support level over an extended period. This resilience suggests a strong underlying foundation, even as market conditions fluctuate.
+ As the downtrend continues to unfold, it indicates that future retest attempts may push to even lower price levels while still maintaining their effectiveness. This pattern underscores the importance of carefully monitoring these price movements, as they could provide valuable insights into market behavior.
+ The key element to focus on here is the continuation of the trend. For Bitcoin to reverse this downtrend, it must demonstrate robust buy-side volume during these retests. A strong influx of buying interest at these critical junctures could signal a potential shift in market sentiment, paving the way for a possible upward momentum.
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Bitcoin Cup and Handle Pattern - Last Leg BINANCE:BTCUSDT (1W CHART) Technical Analysis Update
Bitcoin has recently formed a well-defined cup and handle pattern, with the price currently in the final stage of the handle. A recent market dip, fueled by recession fears, briefly pushed Bitcoin's price below $50,000. However, it quickly rebounded and is now trading at around $59,000.
If this reversal trend continues, we could see Bitcoin's price reach the resistance level of $65,000 to $67,000, marking the top of the handle. A breakout from this resistance zone would confirm the continuation of the bull run. The upcoming weeks will be critical in determining whether the bull run will persist or if a bear market is on the horizon.
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Bitcoin (BTC) - Comparing 2020 vs 2024#BTC/USDT #Analysis
Description
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+ After the Bitcoin halving, the expected price correction began in late 2019 and continued through the first quarter of 2020.
+ In 2020, BTC was anticipated to break out from resistance after 35 weeks of correction. However, due to the unexpected COVID-19 black swan event, the price experienced an even further decline.
+ Currently, we are observing a similar pattern following the 2024 Bitcoin halving. The price correction began as expected, and last week, there was an additional 33% drop from the peak (compared to a 53% drop in 2020).
+ If the recovery follows a normal pattern, the price is expected to break out from resistance after 35 weeks of correction, which would occur in November 2024.
+ If another black swan event were to occur, the price could potentially crash further, dropping to the 37K-40K range. However, this is unlikely unless such an event happens.
+ Let’s see how this situation unfolds.
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Bitcoin - Weekly chart Update - Bears will lose#BTC/USDT #Analysis
Description
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+ Bitcoin has bounced back with a 15% recovery from the recent market low, a positive sign indicating resilience. The price is currently holding above a critical support level, which is crucial for maintaining bullish momentum.
+ While the price is trading above support, a major drop below this level would be concerning for Bitcoin’s long-term outlook. The next significant support is at $45K, a crucial trend line. A break below $45K could signal the onset of a bear market.
+ Despite the recent recovery, August and September are expected to be challenging months for Bitcoin. The market is likely to range with multiple spikes and drops, potentially leading to liquidations for both bulls and bears. This period of volatility requires careful risk management.
+ I remain optimistic that Bitcoin will hold above the $50K level, with a gradual recovery likely from this area. Maintaining support above $50K is essential for avoiding a deeper downturn and sustaining the long-term bullish trend.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
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VectorAlgo
Bitcoin - Reversal is imminent - CME Future Gaps#BTC/USDT #Analysis
Description
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+ It's unusual to see consecutive unfilled CME futures gaps, but recent market volatility has created just that scenario. Historically, CME gaps tend to be filled sooner or later, and current market conditions suggest that prices may be heading directly towards these gaps.
+ The appearance of two consecutive unfilled gaps is a rare occurrence. Given the strong historical tendency for these gaps to be filled, it’s likely that the market will attempt to revisit these levels.
+ The recent bounce from support has been robust, indicating strong upward momentum. This move bolsters confidence that the gaps will be filled in the coming weeks, especially as traders and investors often target these areas.
+ With the current price action showing strength after the bounce, it seems increasingly probable that the price is headed towards the gaps. If this momentum continues, we could see these gaps filled relatively soon.
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VectorAlgo Trade Details
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Entry Price: 57000
Stop Loss: 50000
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Target 1: 59900
Target 2: 61000
Target 3: 65000
Target 4: 70000
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
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VectorAlgo
What's next for bitcoin ?Crypto market had one of the worst days in the history with sudden market crash. From the peak market had crashed 29%, this is the major correction since the halving. This market crash fuelled by the recession fears.
47-48K range acted as a support during this crash and it held strong, looking the current bounce back, i'm assuming this support will hold, if the this support breaks then next target for bitcoin is at the support level around 37-39K.
current recovery of the market is showing a strong upward momentum and looking similar to COVID Crash.
August and September month is gonna be difficult month for crypto holders, we can expect continued consolidation and and drop while holding 48K range. If the we have a bull run as everyone expecting then it's gonna be starting around October.
Let's see how it plays out.
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GreenCrypto