Bitcoin local long from action lineThere's a new action-reaction set with a long entry that has nice Reward:Risk ratio
BEARUSD trade ideas
CYCLE 4 | RSI Monthly TrendA quick post to cover Bitcoins Cycles with respect to the Monthly RSI.
We can see based on the monthly close RSI values, a descending trend where each consecutive peak for consecutive bitcoins cycles have reduced in magnitude (i.e. a lower low RSI value coinciding with the trend reversal points. This trend is also evident with monthly RSI low values.
Using trend lines (based on historic BTC behavior in the past), we can speculate what would not be abnormal monthly RSI behavior for this cycles (Cycle 4) top and the future bear market low.
Have a play with the interactive tools in the post to observe details more clearly.
I have also detailed Cycle 1-3 length from the bottom to the top, bear markets (top to bottom), halving's and each cycles Fib extensions for your reference.
For greater detail, reference the below companion post to this discussion.
BTC/USD Weekend MovePotential BTC/USD Directional move for the weekend as we head our way out of the premium zone into discount.
4hr chart:
Key levels of $69,859 would need to be mitigated to show any further strngth to the upside, however we have already sweept the liquidity resting at the 4hr fair value gap and price action seems to be having a bearing reversal pattern with the 20 ema heading to cross the 50 along with the 50 changing trajectory to face to 100.
This move could be to tap into the decisional and extreme order blocks at $68,171 and $67,271 could then allow for a reversal and rightly so placing it conveniently within the discount zone on the PD array, the MACD would be sitting below 0 making it an optimal area for entry on the buy side as long as we get a clean reaction off $66,101, which would sit us perfectly on the 200EMA.
Failing that we'll continue to head down to test $63,626 and at that pointthis would be the beggining of a bearish reversal on the 4hr. Certainly on the daily:
Which would make sense since we seem to seem to have reached heavy resistance to the upside on the weekly: giving us more confirmations that we are in premium so sells are imminent as a liquidity grabe before heading into a markdown phase or we pull back up to continue the ranging market structure.
Happy Trading and a good Sunday too you all.
GOOD BTC ENTRY !! SL 59K TP 72KREASONS WHY !!
Market Sentiment and Momentum:
Bitcoin soared in 2023, and experts predict further gains in 2024, potentially reaching $80,000.
Despite long-term optimism, Bitcoin experienced a recent dip.
Technical indicators suggest potential downside, but the market remains in a tug-of-war.
If buyers can push past the $44,700 resistance, a jump to $48,000 is in sight.
Spot Bitcoin ETF Launch:
The launch of a spot Bitcoin ETF in early 2024 is poised to revolutionize the crypto landscape.
This move is expected to attract significant capital from both retail and institutional investors, further fueling Bitcoin’s ascent.
Bitcoin Halving Event:
Scheduled for April or May 2024, the Bitcoin halving event will curtail the yearly supply of new Bitcoin.
This reduction in supply could establish conditions where demand potentially outstrips supply, a fundamental factor in the optimistic price forecast.
Investor Confidence and Accumulation:
Investors are holding on to their BTC with conviction stronger than in 2021.
Relative realized profits show that despite a new all-time high, selling has not been as significant as during the previous cycle.
Consistent accumulation since February 2024 indicates confidence among investors, expecting further price growth.
BTC TAKE PROFIT AND SHORT SELLING OPPORTUNITY PRIOR TO FOMCI saw a potential correction on BTCUSD prior to the FOMC rate decision.
As forecast showed another rate cut tomorrow, we can make a good bet with great risk to reward ratio for selling from this level.
So.. Are you going with me on this?
CHEEERRRSSS...!!!
Today's Trading News & Tips for the Week Ahead.Nasdaq Hits Record High: The Nasdaq Composite soared to a fresh record high, driven by gains in Big Tech stocks like Tesla, Google, Amazon, and Apple. The index closed up 1.2%. Tip: Keep an eye on these tech giants as they continue to drive market momentum.
Bitcoin Reaches New All-Time High: Bitcoin briefly surged past $107,000, hitting a new all-time high ahead of the Federal Reserve's final policy decision meeting this week. Tip: Consider the potential impact of the Fed's decision on Bitcoin and other cryptocurrencies.
Federal Reserve Meeting: Investors are eagerly awaiting the Federal Reserve's final rate policy meeting of the year, with a 25 basis point rate cut widely anticipated. Tip: Stay updated on the Fed's announcements and be prepared for market volatility.
European Markets: European shares were mostly in the red as investors braced for a heavy schedule of economic reports and interest rate announcements. Tip: Monitor European market trends and economic indicators for potential trading opportunities.
US Market Mixed: Major US indices ended mixed, with the Dow Jones Industrial Average falling 0.2% while the Nasdaq rose 0.1%. Tip: Diversify your portfolio to manage risk and take advantage of different market movements.
Global Regulatory Brief: The UK Financial Conduct Authority (FCA) published its final policy statement on the new transparency regime for UK bonds and derivatives markets. The changes aim to ensure better, quicker, and clearer data at a fair price. Tip: Stay informed about regulatory changes that could impact your trading strategies.
Copy Trading: Copy trading is gaining popularity as it allows users to replicate the trades of successful investors, providing exposure to various asset classes without needing to do the research themselves. Tip: Explore copy trading platforms to diversify your trading approach.
Cocoa Futures: Cocoa futures reached a fresh record in New York as the market battles renewed supply concerns, increasing the chances that high costs will worsen for chocolatiers and consumers. Tip: Consider commodities like cocoa futures for potential trading opportunities.
Trump's Crypto Plans: US President-elect Donald Trump has announced plans to create a US strategic Bitcoin reserve, similar to the US Strategic Petroleum Reserve. This move aims to position the US as the global leader in cryptocurrency and could significantly impact Bitcoin's value. Tip: Keep an eye on political developments that could influence cryptocurrency markets.
Crypto Policy Blitz: Analysts predict a wave of pro-crypto legislation in 2025, with states potentially opening up to crypto investments for public pension funds and treasuries. Trump's administration is expected to push for deregulation and increased government buy-in to stabilize Bitcoin's price. Tip: Stay informed about legislative changes and their potential impact on the crypto market..
Bounce off 1.618 to $115k areaAfter this breakout we swiftly took out the 1.618 area and are consolidating above. Look for a move to the 2.618 level around $115k.
BTCUSD next possible move
🔑 "Success is not final, failure is not fatal: it is the courage to continue that counts." – Winston Churchill
Every success we achieve is just a step, not the final destination. Likewise, every failure is merely a temporary lesson, an opportunity to grow and improve 🌱.
🔥 What truly matters is our ability to persevere, to keep moving forward despite obstacles and setbacks. Those who succeed in the long run are those with the unbreakable courage to rise after every fall 🏆.
💪 Don’t fear failure. See it as a stepping stone to your future victories. Each challenge is a chance to become stronger, wiser, and more resilient.
✨ Keep moving forward with confidence and determination, because your true strength lies in that perseverance. 🚀
Bitcoin is Teasing $105K: Bullish Breakout Ahead?Bitcoin has exhibited bullish momentum yesterday and now is teasing the intraday resistance level near $105,140. However, given the current market conditions, caution remains essential as price action could develop in either direction.
Ideally, I would like to see either (A) a pullback to retest the $103,032 level, followed by a bounce back above this level, or (B) sustained break-out above $105,140. These scenarios would increase the likelihood of a bullish continuation toward the next major resistance zone between $107,655 and $108,550 (Green Projections).
On the flip side, if Bitcoin drops below the $103,032 level and fails to recover quickly, it may signal a shift in momentum. This could lead to increased bearish pressure, sideways price action with a potential retest of support at $99,108 (Red Projections).
Traders should monitor these key levels closely for confirmation of the next major move.
BTC: Possible retracementBTC has reached Fib projection level $107,680 . Price on RSI is diverging both on daily and weekly chart. There may be possible retracement. Use tight stop loss. If price closes above $107,680 then there is possibility BTC will hit $123,545 level.
B/$Bitcoin's movements are very complex, obviously there is still an uptrend that is calming down a bit, but little by little we are making new highs. But I still think it's time for a correction
Bitcoin entering positive short term momentumAs predicted bitcoin is following the cycle very closely. We have been building a position inside the November bearish short term momentum (green dots) and we are about to re entry bullish short term momentum as indicated by SMAX.
Probability levels are below 20 indicating we are later in the cycle and the delta is about to turn positive (bullish momentum)
Our trade is in good profit already as the fun is about to begin!
Will keep you updated!
BTC , Mother candle Breakout BTC is in Bullish momentum , Even though last 26 days was in sideways range making it a flag .
Monthly and weekly both are up.
5 Dec candle is significant in terms of volume and price is in the range of its high and low ( Daily).
MACD is in positive zone , RSI is above 60 signify momentum. if it breaks out expecting target up to 114000.
Open and Low of todays candle is same , only problem is volume, its less then average .
View is my own and not an investment advice but for learning purpose only .
Btc/Usd bearish Monthly and Daily T_F
I except it to be bearish, that should be a pullback before the next bullish move
If it doesn't break out of the daily trend
That's a raising Wedge
My Analysis is base on the technical factors
Today's Trading News.Nasdaq Hits Record High: The Nasdaq Composite soared to a fresh record high, driven by gains in Big Tech stocks like Tesla, Google, Amazon, and Apple. The index closed up 1.2%.
Bitcoin Reaches New All-Time High: Bitcoin briefly surged past $107,000, hitting a new all-time high ahead of the Federal Reserve's final policy decision meeting this week.
Federal Reserve Meeting: Investors are eagerly awaiting the Federal Reserve's final rate policy meeting of the year, with a 25 basis point rate cut widely anticipated.
European Markets: European shares were mostly in the red as investors braced for a heavy schedule of economic reports and interest rate announcements.
US Market Mixed: Major US indices ended mixed, with the Dow Jones Industrial Average falling 0.2% while the Nasdaq rose 0.1%.
Global Regulatory Brief: The UK Financial Conduct Authority (FCA) published its final policy statement on the new transparency regime for UK bonds and derivatives markets. The changes aim to ensure better, quicker, and clearer data at a fair price.
Copy Trading: Copy trading is gaining popularity as it allows users to replicate the trades of successful investors, providing exposure to various asset classes without needing to do the research themselves.
Cocoa Futures: Cocoa futures reached a fresh record in New York as the market battles renewed supply concerns, increasing the chances that high costs will worsen for chocolatiers and consumers.
Trump's Crypto Plans: US President-elect Donald Trump has announced plans to create a US strategic Bitcoin reserve, similar to the US Strategic Petroleum Reserve. This move aims to position the US as the global leader in cryptocurrency and could significantly impact Bitcoin's value.
Crypto Policy Blitz: Analysts predict a wave of pro-crypto legislation in 2025, with states potentially opening up to crypto investments for public pension funds and treasuries. Trump's administration is expected to push for deregulation and increased government buy-in to stabilize Bitcoin's price..
Scenario on BTC 12.12.24According to the previous scenario, I adjusted the levels a little and now it gives me a big short position scenario somewhere at the price of 93k, if we do not maintain this level, a move to the price of 87k is possible.
BTCUSD BUYHello guys!
We have a beautiful buy opportunity on BTCUSD.
Let's go and enjoy your profit!
Thank me later!
Bitcoin Price Once Again Fly Bitcoin Price identifying Potential Trading Zones. To Buy Side.
Resistance Zone 198K Bitcoin Hits this Resistance Zone
Support Zone 98K If Bitcoin Drops in sell side Like 98K this Could Be Support Area if a Bitcoin Test To Support After Price Again Rise To the Resistance Zone.
If you are in Buy Trade keep Eye on the Resistance Zone 108K
Rate Share Your Idea What's Going On Thanks.
BTCUSD BUY AT DEMAND ZONE SMART MONEY CONCEPTHere on Btcusd price has been in uptrend and is likely to continue going up if return to demand zone after series of break of structure but unable to break above so if return to to demand zone then trader can go for long and expect profit target of 108156.67 . Use money management
BTCUSD 2025 Price actionBitcoin will have a local top in March, at ~17 weeks after the previous cycle top was broken by a weekly candle close (2.618 Fibonacci, ~150k), and the final top will be in September at ~47 weekly candles (halfway between 2.618 and 3.618 Fibonacci, ~180k). This is what happened in 2021, and similar to 2017.
Btc fibonacci levels BTC making new highs looking for 108,632 clean close above 106,757 green candle buy take profits at levels
Bitcoin Eyes $107K: Key Levels to WatchBitcoin is showing bullish momentum, breaking through the key intraday resistance around $102,000. However, given the weekend, I am keeping my expectations realistic.
1. Ideally, I’d like to see either (A) a quick dip below $101,662 followed by a prompt recovery, or (B) sustained price action above $101,662. Both scenarios would significantly increase the likelihood of a bullish move toward the critical resistance at $107,000 in the coming days (as per the green projections).
2. Conversely, a drop below $98,984 could lead to choppy price action, a considerable slowdown in momentum, and a high probability of retesting the $94,650 level.
