BTCUSDTAfter a powerful move up, Bitcoin has established the UTAD Wyckoff peak and is now ready for a bearish move.
Also, a Falling wedge has been formed in the 4-hour time frame.
This is just an idea and not a buy or sell signal.
BEARUSDT trade ideas
Bitcoin Heading for Correction
Bitcoin has completed it's 5th wave and now looks for a correction as can be seen in FX and Commodities. Be prepared for a ABC correction which should give us good buying opportunities.
Follow to stay updated.
BITCOIN Correction Is Done🔥 And Finally The BITCOIN Price Break The Important 74k Resistance Area By The Strong Green Candle And Now I Can Say BTC Correction Is Done
👉 During Last 5 Days I Was Waiting To Get a Strong Market Entry Confirmation From The Market After USA Election And Today I Got It
📊 Don’t Forget More Than 90% Of Coins Are Under Their 2 Months Ago Highs So There Are Lots Of Great Buy Opportunity All Over The Market, New Alts Signals Are Coming
Bitcoin: Bullish Continuation Within Ascending Channelhello guys.
The BTC/USDT 4-hour chart indicates a strong bullish trend, with Bitcoin trading within an established ascending channel. The price has been respecting both the upper and lower trendlines, creating potential upward scenarios. Here’s an in-depth technical analysis:
Ascending Channel: Bitcoin is steadily moving within an ascending channel, with higher highs and higher lows. This suggests a continuation of bullish momentum unless there is a decisive breakdown.
Potential Scenarios:
Scenario 1: The price could continue rising within the channel, reaching the next resistance levels around $76,000 and potentially $79,978.02, as shown on the chart.
Scenario 2: A pullback to the channel's midline or lower support could occur before the next leg up, providing potential entry points for buyers.
Fibonacci Levels: The price has respected key Fibonacci retracement levels, indicating areas of interest for potential support and resistance.
Key Levels:
Support: Around $72,000, which aligns with the mid-channel zone.
Resistance: Immediate resistance around $76,000, with an extended target near $79,978.02.
BTCUSDT next target is 22K$ As we said before major support now is 15K$ and the price respect this support zone, also previous daily low and major support was 18K$ and now it is weak resistance there so soon after breakout to the upside there(18K$ resistance breakout) we can expect heavy pump here and bullish market to lead after a while.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
Bitcoin - Time to buy again!I was just waiting for the elections to be over. Now, it can be said that Bitcoin can reach $100,000 next year, and I believe in this. Technically, the price managed to break the megaphone, and this is confirmed when two or three candles close above this resistance. If this happens, you know better than I do what will happen next !!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BINANCE:BTCUSDT
BTC LONG TP:78000 1HR 08-11-2024I have uploaded an analysis on a 1-hour timeframe, setting a target price of 78,000. This analysis is valid for 24 hours; if conditions do not meet expectations, it will be invalidated. Stay alert to market fluctuations and manage your risk effectively. Good luck to everyone! #Trading #Bitcoin
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.
BTC Bearish Divergence on the Weekly Time FrameBTC is showing signs of weakness on the weekly time frame and could see a down trend in the coming weeks.
not financial advice
For an altcoin bull market, BTC dominance must fall...
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Have a nice day today.
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(BTCUSDT 1D chart)
There was a shake up and down.
This movement can continue until the next volatility period, around November 16-19 (up to November 15-20).
What we need to look at is when the StErr Line or the M-Signal indicator on the 1D chart rises and touches.
This phenomenon can be seen as occurring because the disparity is too large.
In any case, the key is whether we can withstand this shake.
-
(BTC.D 1M chart)
I think that in order for altcoins to rise, they need to show a concentration of funds toward altcoins.
Therefore, I think that BTC dominance should fall below 55.01 and remain there or show a downward trend.
Currently, BTC dominance is showing an upward trend in BTC's shaking.
Otherwise, altcoins are likely to gradually move sideways or show a downward trend.
-
(USDT.D 1M chart)
If USDT dominance remains below 4.97 or shows a downward trend, I think that the coin market is likely to show an upward trend (bull market).
However, in order for altcoins to rise in line with the upward trend of BTC, as I mentioned earlier, BTC dominance must also show a downward trend.
Otherwise, there is a possibility that a strange market will be formed where only BTC rises.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale upward trend will begin when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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BTC analysis (12H) - Nov 07 2024Different tools and confluences including mid-term channel, price/volume divergence and also fibonacci tools suggest that the 76,000 - 77,000 zone is the local top for a while. In fact it is probably difficult for BTC to push through this zone as there are multiple resistances in this zone.
Spring is ComingThe last months in crypto markets have been firmly in the shadow of the looming US presidential elections. Whatever one's political stance, it was hard to argue that a Donald Trump victory would not be immensely positive for the crypto industry. The ongoing legal fights between US regulators such as the SEC and the crypto industry and the Biden administration's open hostility to the industry were a constant backdrop of the past years. In sharp contract, Republican candidate Trump had embraced the industry in early 2024. His appearance at a large Bitcoin conference in Nashville, his announcement to fire SEC chairman Gary Gensler on day 1 of a Trump administration and also his promise to build a national US Bitcoin reserve have been music to the ears of many a crypto trader.
No wonder that as soon as Trump started to take the lead on election night, Bitcoin rallied sharply. A new all-time-high of $75,000 per one Bitcoin was reached nearly effortlessly. Bitcoin has been trading above $76,000 for most of the post-election days. Across the industry, the drop in tension is almost palpable. No longer will a bad faith regulator pursue legitimate companies such as Coinbase, Uniswap or Consensys at will. No longer will Senate block common-sense crypto regulatory frameworks. The possibilities now seem almost limitless.
Coins of Decentralized Finance (DeFi) projects have seen some of the largest rallies since election days. Not only will these projects benefit from regulatory clarity, but their tokens might also start to receive genuine utility such as revenue shares. The fundraising environment for projects should become more open. Maybe more onchain projects will open up to American users. It is common practice for projects to geo-block American users for fear of the long arms of US law enforcement. It is nearly poetic justice that mainstream pollsters predicting a tight election were outperformed by Polymarket, a crypto-based prediction market that continuously showed Trump well ahead of his Democrat opponent Kamala Harris.
What will the next months hold? US presidential elections tend to be bullish for crypto markets. After Obama’s 2012 victory, Bitcoin rose nearly 2,400% within a year. In 2016, following Trump’s success, Bitcoin soared 960% over the following 12 months. One year after Biden’s 2020 win, Bitcoin rose another 360%. Of course, Bitcoin's large market cap means that much more new capital must enter to move the price substantially. Yet, the optimism in the industry right now makes everything seem possible. Sure, disappointment could always come next year, but for now, Spring has arrived early. Let's enjoy the party while it lasts.
BTC is still bullish (15M)By maintaining the green range and not closing the 4-hour candle below the invalidation level, Bitcoin can reach the level of 94K.
Everyone is waiting for Bitcoin and the market to fall, but the weekly and medium-term charts say something else.
However, manage risk because smart traders always manage risk.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
What opportunities for BTC when Bitcoin is nearly 100,000 USD?Currently, I'm observing Bitcoin fluctuating around 87,690.84 USD, and I have to say, this has been a pretty impressive price surge recently.
There are several factors driving this uptrend. First, interest from large institutions and investment funds is growing stronger, which could be a primary catalyst for BTC's price increase. Additionally, macroeconomic factors like stable interest rates and new capital inflows into the cryptocurrency market are helping BTC maintain its appeal among investors.
Moreover, with the rapid development of financial and investment companies in the cryptocurrency sector, coupled with the potential approval of a Bitcoin ETF in the U.S., the market is anticipating a new wave of price increases.
From a technical perspective, BTCUSDT is maintaining a strong uptrend, with the price still above the EMA 34 and EMA 89. This is a clear sign that the bullish momentum remains strong. The current chart also indicates an Elliott wave pattern, with BTC breaking through a series of recent resistance levels and heading toward Fibonacci extension levels.
The short-term target I’m watching is the resistance level at 104,119.28 USD (corresponding to the Fibonacci 1.618 level), which serves as the first price target (TP1). If BTC can break through this level, the next target I'm aiming for is 153,100.86 USD (TP2, corresponding to the Fibonacci 2.618 level).
With positive signals from both the technical chart and supporting news, I believe BTC has the potential to reach higher levels in the near future.
Politics vs Profits | The US elections & Crypto Harris, Trump, or Crypto ? Only One Goes Brrrr !
1/ The crypto market typically dips ahead of US elections
In 2016, there was a 10% dip, in 2020, a 6% decline, and so far in 2024, a 6% decrease. However, these drops aren't unusual; they can happen without clear triggers on any given day or week. So attributing extra significance to the current dip due to election is overblown it’s just business as usual in crypto
2/ The election results will trigger either a market boom or bust
Markets crave certainty over specific candidates. Once the election is over, investors can look ahead and allocate accordingly. In the grand scheme, Bitcoin and the wider crypto market don’t care who sits in the Oval Office. Whether it’s a red, blue, or mixed government, historically, crypto trends upward over time.
3/ Trump/Harris will be terrible for the economy
While Republicans and Democrats have vast differences (more so now than ever), unity isn’t our forte. How can we bring the nation together? Maybe start with a common interest and go from there
One thing’s certain, both parties have an affinity for money printing , While it’s a headache for the US’s debt situation, it benefits crypto.Why? Because a share of that newly minted money typically flows into crypto assets, which have limited or predictable inflation.
In essence, money printing devalues the US dollar but bolsters the value of scarce assets (like crypto) over time.Regardless of who wins, the money printer is expected to stay active.
While election may provide market clarity, it’s not a sure thing. Close elections can take days to finalize. So, if you feel like panicking, just remember this:
Zoom out → stay calm → remember…In the long run, crypto tends to prevail.
November is off to a roaring start with several significant market events – and that’s just in the first week! But before we look ahead, let’s review October to see where we stand:
1/ October Recap
Expectations were high for ‘Moontober,’ and it delivered (though gains were modest).
October saw:
- $ BTC up 11%, with the broader crypto market up 10%
- US Bitcoin ETFs purchased 5.83 times more CRYPTOCAP:BTC than was mined in October.
This demand and limited supply helped push the total crypto market cap out of an 8 month descending trend, signaling a potential reversal.
2/ Macro Outlook
Now, on to November. This week features two major macro events:
- US Elections – Tuesday, Nov 5th
- Rate Cuts – Thursday, Nov 7th
Markets expect a 0.25% rate cut. Though smaller than September’s 0.50% cut, it could ease market pressure.Lower borrowing costs reduce debt servicing expenses, freeing up cash for spending and potentially boosting both the economy and crypto markets.
The bonus? Historically, Bitcoin’s average return in November is +43%
If this trend holds, we could see CRYPTOCAP:BTC hit $100k by month’s end!
Cross your fingers, toes, and eyes!
3/ Token Unlocks
October had $5.4B worth of token unlocks, creating potential sell pressure. Thankfully, November’s unlocks are lighter at $2.6B, which may limit that pressure.
4/ Earnings Reports
This week brings earnings from:
- Franklin Templeton (managers of the AMEX:EZBC Bitcoin ETF)
- Arm (semiconductor architecture designers)
- Qualcomm (wireless tech products)
- Sony (self-explanatory)
But November 20th is the main event, with Nvidia ( NASDAQ:NVDA ) – the AI powerhouse – reporting earnings.That’s November in a nutshell.
We’ll be here daily with updates as events unfold
BTC 84K sell target Our algo generated a sell target at 84k.
Our algo targets have a 100% accuracy, however the price might swing in the opposition direction before reaching the target. Generally our targets are met within a day up to a few weeks. Always follow your trading strategy.
Best,
Magellan Team
BITCOIN Mega Bull Run?!📈 BTC/USDT Elliott Wave Analysis 📈
🚀 BTC appears to have completed a corrective ABCDE structure within a descending channel, and it has since broken out, establishing a new impulsive trend. This suggests a bullish outlook and an extended Wave 3 formation in progress.
🔍 Wave Analysis:
🔸 ABCDE Pattern Completion: The previous downtrend ended with a clear ABCDE pattern, potentially part of a larger complex correction like WXYXZ. This was followed by a breakout, marking the end of the corrective phase and the start of a new bullish impulse wave.
🔸 Wave 1 and Wave 2: After the breakout, BTC completed Wave 1 upwards, with Wave 2 retracing back to test the breakout level. This pullback aligned with the 0.5 Fibonacci level, creating a confluence zone and confirming strong support.
🔸 Wave 3: The current Wave 3 appears to be an extended wave, signaling a strong bullish trend. This extended wave often includes five smaller sub-waves within it, targeting higher Fibonacci extensions. Based on historical patterns, the initial target for Wave 3 aligns with the 2.618 Fibonacci extension, with a secondary, more ambitious target around 3.618 if the trend remains strong.
🎯 Target Levels:
📌 Blue Wave 3 Target 1: Around $97,645 – This is the first target within the smaller structure of the current extended wave.
📌 White Wave 3 Target 1: Around $102,731 – A significant level, representing a larger Wave 3 target.
📌 Wave 5 Target 1 and Target 2: Final targets for the overall wave structure at $112,903 and $119,420 respectively, which may be reached if the bullish momentum continues through to Wave 5.
📊 Conclusion:
💹 The extended Wave 3 suggests a strong bullish trend, with targets extending as high as $119,420 in Wave 5. Keep an eye on the volume and momentum 📈 as BTC progresses through these key levels.
⚠️Disclaimer:⚠️
⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital
SHORT IDEA in BITCOINHello, fellow traders!
I’m sharing a short idea on BTC. Bitcoin has recently reached over 79,300, and I’m opening a short position with a stop-loss (SL) at 80,200 and a take-profit (TP) at 76,200.
While I agree with the overall bullish trend on BTC, it seems like the price is moving up a bit too quickly. I’m expecting a possible pullback to around 76K, with a further potential drop to the 72-73K range. Based on this, I’ve decided to open a short position.
Looking forward to hearing your thoughts on this trade!
Trump Wins! Bitcoin Hits New ATH, Ethereum Hits $5000 & AltcoinsGood afternoon my fellow Cryptocurrency trader, we have so much to look at today.
Trump won the US presidential elections and this is having a major effect across everything, not only Bitcoin and the financial markets.
Today we can see Bitcoin hitting a new All-Time High and we wonder what is happening, what to make of this development and how to approach the market.
➖ Ethereum is not trading at $5,000. Ethereum's Ether token ATH stands at $4,868, November 2021. Current price trades at $2,673. Huge discrepancy here, a warning sign.
➖ Dogecoin ATH happened in May 2021 at $0.74, current price is $0.193; huge difference.
➖ Cardano hit an All-Time High of $3.10 in August 2021, current price is almost ten times lower, $0.357.
How to approach the market?
What comes next?
Are you trading?
Are you watching?
Are you holding?
Are you accumulating?
How to approach the market based on current conditions will depend on your trading style, your goals, your capital, risk tolerance, etc. Those pairs trading low can be accumulated, this is true since August 2024 and will continue to be true for several additional months. The pairs trading super high and at resistance, it is better to stay away.
The DXY is ultra-bullish. We tend to say that the stock market crashes when the DXY is bullish, also Bitcoin, but we are seeing stocks rise as well as Bitcoin and the DXY. This means that we are seeing an extraordinary event happening right now.
Will this abnormal behavior continue indefinitely or will the market seek balance? The abnormal behavior will come to an end and the market will seek balance. I cannot say for how long the market reaction to Trumps win will last, but this is an extraordinary event and calls for caution.
We trade based on the long-term.
We buy low to sell high.
➖ Here is an example, this is a chart that looks good:
➖ Here is an example, this is a chart that looks bad:
Buy those trading low.
Sell those trading high.
It is wise to wait for the weekly close.
I will expand in a new article, I lost the flow on this one.
Thanks a lot for the support.
Namaste.
BTCUSDT
TRADING is so simple
In my opinion, the rise of Bitcoin has ended. It is at the top of an ascending channel. It might continue to fluctuate at the top for up to 6 months and could reach 100, but it will eventually fall to the bottom of the channel at the order block region maype in 2026
good luke
BTCUSDT near 73K$ resistance zoneAs we said price broke our channel and hit our first target which was 73K$.
Now we can expect short-term fall and a little range here before breakout and new ATH and 83K$ or if the breakout happens now we will expect this gain to happen now and hitting our next targets as soon as possible.
We are yet bullish long-term so no worries.
DISCLAIMER: ((trade based on your own decision))
<
Bitcoin (BTC): Possible First Resistance (might fill CME now)Bitcoin is seeing some signs of weakness since the huge bullish movement that started on the 6th of November.
Since then we have been going only up without any correctional movement, resulting in a lot of gaps like CME and FVGs that need to be filled.
We are looking here for a possible movement to fill that CME gap near $76K, which would be a good reset for the current movement we have.
Swallow Team
#Bitcoin Head & Shoulders Pattern Hits Perfectly, $250k Next?#Bitcoin Head & Shoulders Pattern Hits Perfectly, $250k Next? 🚀
My previous CRYPTOCAP:BTC chart showed a perfect Head & Shoulders pattern. The right shoulder formed exactly as expected, and now #BTC is at $84,000, a new ATH.
With resistance broken, the next target could be $250k.
Do you think $250k is possible in this bull run? 🚀
