Time for the break-out?LEt's see. It hit the trendline a few times now. If it breaks it will go to approx 107500 I think. After that either a retrace or a bigger drawdown to mid 80's or even 70'sby VinceHunger1
$BTC is Preparing for a Big Rise Again!#Bitcoin had made a big run after closing the 3-week candle in November on the Fibonacci 1.618 level, which was obtained by reference to the July 2023 peak and September 2023 bottom point. Likewise, the third weekly candle is about to be completed on the Fibonacci 1.618 level, which is obtained by taking the March 2024 peak and August 2024 bottom point as reference.by EtherNasyonaLUpdated 7
Bitcoin BTC is near major resistance area102000 is CMP. Watch out the Symmetrical triangle patternShortby Hp_stocktrader3
BTCUSD Correction may Continue Bitcoin briefly dipped below $94,000 earlier this week but recovered strongly, stabilizing around the $100,000 mark by Friday. Despite these mixed sentiments this week, institutional demand remained strong, adding $1.72 billion until Thursday. Bla bla bla! The COO of Indian crypto exchange Giottustold FXstreet that the financial incentive for investors is to support adding Bitcoin to a company’s balance sheet. Bitcoin (BTC) reclaimed the $100K level, trading near $100,100 on Friday after a recent decline earlier this week. The recent pullback in BTC was mostly due to high-leverage traders and some holders booking profits. Despite Microsoft’s rejection of adding Bitcoin to the company’s balance sheet, institutional demand remained strong, recording a total inflow of $1.72 billion until Thursday. Giottus COO Arjun Vijay highlighted the growing financial incentive for companies to adopt Bitcoin on their balance sheets. Bitcoin reaction this weekShortby POWERFUL_TRADERS3
Markets top on euphoric news.Did Donald Trump ringing the opening bell at the New York Stock exchange today, Signal a dip before a rip? Isn’t it strange that he spoke with Jim Kramer? What are the market makers really up to? Big money, always leaves, clues or crumbs. A real technical analyst always attempts to follow the money and what clues they’re leaving behind and to where they are placing their bets. Is market manipulation real? How much influence do these people really have to fade the market in an ability to buy at lower prices and shake everyone out? How many people fall for it? There’s still remains many questions as to where the big money has to invest. Mini mutual funds and or investors have a fiduciary responsibility to invest capital for their shareholders and what not. I’ve read the book one up on Wall Street and I’ve come to the conclusion that you as a retail investor can place yourself in a favorable position to capture some of the gains or leftovers of the big players.Longby ParabolicP5
Bitcoin Weekly Exit BTCUSD longs at around 130,00 as long price touches the reaction point on the topby skytraders-community113
BITCOIN Keep it simple. It won't top anytime soon.This is indeed a 'keep it simple' analysis consisting of 4 charts, each displaying a Bitcoin Cycle since 2012. There is no need to overcomplicate things, the charts are pretty much self explanatory. According to all 3 prior Cycles, BTC is on a rally supported by the 1week MA50, that is just over halfway completed. It will not peak anytime soon and may very well be above $200k, even as high as $300k if the extremely optimistic scenario prevails. Previous chart: Follow us, like the idea and leave a comment below!!Longby TheCryptagon3314
BTCComparison of candlestick pattern on a weekly time frame. Current pattern compared with a screen grab from when bitcoin price passed through 20k in Dec. 2020 Longby ChiliFingerz1
SPY/QQQ Plan Your Trade For 12-13 : Carryover In ContertrendToday's pattern is a Carryover in Counter trend mode. As you'll see in today's video, I'm highlighting many various new features and techniques to help traders understand price movement and context related to trading opportunities. We need to understand how to target opportunities and how to avoid risks. I had a long conversation with a subscriber yesterday - he's struggling to understand how to trade efficiently. Trading is all about jumping on opportunities when they hit and trying to avoid risks and overtrading. I see so many people try to trade everything that ticks - even when they should be sitting on the sidelines and waiting for better opportunities. If you want to gamble with your trading account - throw a dart and pick BUY or SELL (RED or BLACK). If you want to learn how to consistently target the best trade setups, then learn to WAIT for the best setups, execute your trades, then PULL PROFITS/EXITS as quickly as you can. You should be able to trade only 2 to 3 times a day and do very well - if you don't get trapped in trying to WISH a trade into profits. Remember, trading is unlike anything else you've ever tried. The more time you try to WISH something to happen, the more likely you are taking on excessive risks. I'm working on new tools to help all of you develop better skills. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Short37:47by BradMatheny1
Ripple Receives Approval for StablecoinMarket Update - December 13, 2024 Amazon shareholders urge the company to allocate 5% of its reserves to bitcoin: The proposal highlights bitcoin’s outperformance against traditional assets and echoes similar moves by companies like MicroStrategy and Tesla. Crypto liquidations hit $1.5 billion Monday as bitcoin dipped below $95K: But the world’s largest cryptocurrency rallied past $101,000 on Wednesday after positive inflation data set the stage for a rate cut next week. Ripple's RLUSD stablecoin secures approval from New York’s financial regulator: The launch will now proceed with exchange and market-maker partnerships already in place. Hong Kong accelerates crypto licensing as global competition heats up: Plans include streamlined approvals for crypto trading platforms and new regulation for stablecoins. The Cardano Foundation's X account was hacked, leading to fake announcements about a token and an SEC lawsuit: The breach triggered significant trading activity and community confusion before being addressed by the Foundation. 🫱 Read more here ➕ Topic of the Week: IPOs, ICOs, and STOs – What’s the Difference?by Gemini3
BTCUSD | Symmetrical Triangle Breakout | Key Entry Setup!**BTCUSD | Symmetrical Triangle Breakout | Key Entry Setup** **Description:** BTCUSD 30-min chart signals a breakout opportunity. - **Entry:** $102,104 - 🎯 **Target 1 (T1):** $102,678 - 🎯 **Target 2 (T2):** $103,571 - ❌ **Stop Loss:** $101,532 This setup highlights potential upward momentum. Watch for confirmation and volume! 📈🚀 #BTCUSD #Bitcoin #CryptoAnalysis #TradingSetup #TechnicalAnalysisLongby Xeeshan791
Bitcoin Halving & Its impact on price growth update from 13 Dec.Addition to previous analysis from 13 Dec 2024 Executive view I won't delve deeply into the definitions of price movements for KRAKEN:BTCUSD , as an in-depth analysis was already provided in my previous article dated 13 December 2024. You can find the full breakdown here: In this updated version, I aim to provide a broader perspective on Bitcoin's future price movements and its potential trajectory. If the outlined theory holds true, we are still in the mid-term phase, and the cycle’s top has not yet been reached. I maintain my view that the top for KRAKEN:BTCUSDT could approach $200,000. Disclaimer: Conduct your own research and ensure proper risk management before making any trading decisions. by Adilforgood2
Questions Halving Promotors Never Want to Answer Many people here are eager to explain the bets people should make based on the halving but they're never willing to answer the obvious questions about the hypothesis. Here's a collection of questions I must have asked here 100 times in replies to my posts that I've still not gotten an answer to: Why the indices correlation? When you run an analysis on SPX price moves and BTC price moves post halving, they have a coefficient of 0.85. This means all the statistical evidence points towards BTC moving in tandem with risk on/off cycles in equities. ----- Why do people ignore this correlation when it is as reliable (or more) than the halving? Why does the exact same moves in indices and BTC get treated totally differently? When has the halving thesis ever deviated from simple SPX correlation? If there are no deviations, why isn't it best to assume it's related to SPX tracking? ----- Why would the entire market know an event to move price higher was coming and then wait an exact number of days to take action on that? If you've been in the market any length of time you'll have surely heard the saying "Buy the rumour, sell the news". You may have also heard, "Markets prefer to travel than suddenly arrive". This has been a guiding principle of all markets for all time. Why is the halving a "Sell the known coming event, then ignore the news for x days and then buy the event after the fact? ----- Given all halving dates are already known, why isn't this priced in now? Why in the biggest FOMO market there is would there be this organised "Waiting period"? Why has game theory and market dynamics not led to front running? How do these supply/demand dynamics reflect anything about S/D known in markets? ----- What are the failure conditions of the halving bet? I have some of the dumbest convos on this. People insist I MUST BE LONG NOW to not miss out on the halving and then when I ask them what level price can not go under inside of the halving theory ... it gets real fuzzy. And when you dig into it, the answer generally ends up being "Up to 70% drawdown".... Okay - so trying a short here is fine inside of that, right? ----- Why are people making all knowing statements about exactly what should happen and unable to give the most basic risk control? What happens to people who listen to you if you're wrong? Do you have plans to let them know if the theory fails? If not, why are you not telling them the risk if wrong is 70% (Inside of accepted risk). And I suppose the idea is to just entirely ignore the limitless risk if the whole thesis is wrong? ----- When has the BTC halving idea ever overcome a SPX drop? I've been told various times in 2020 there was a deviation from the halving cycle because there was a swan event. Fair enough ... but then this means that the halving forecast will only be right if nothing broadly bearish happens, right? In any instances where we've had halving theory vrs indices bear move - following the indices has won. ----- Why is this not considered evidence against the thesis and for the correlation? Why are you not caveating your forecasts with this known risk? Is it far to say the BTC cycles thesis can easily fail if there's outside events? ----- These things simply do not make sense. They're elephants in the room. People act like the cycles thing is some sort of esoteric knowledge that only a select few know. That's nonsense. I have a kid cousin who can't tie his shoelaces yet but can tell you what the halving forecast is. He does not really understand everything he's saying. He's just repeating things he's heard ... but, that's kinda true for most of you to be honest. Because it takes about 5 mins to understand the halving thesis. Takes about another 1 min to come up with the obvious tests and objections and then maybe takes 10 mins to test those and highlight the flaws. There are some people who've spent literally hours and hours on my posts berating me about why I should be blindly following the halving and in all of this time they've not answered the questions I think should be thought of in the first minute. And I do ask them. Directly and repeatedly. They change the topic or go quiet. To be honest, most of the time they start to drop insults. It's wild, when you think about it. "I am heralding in the future of finance and here to tell you about this halving cycle which I know everything about and expect to be infallible". "Okay. Could you answer a few questions I have about this?" "LMAO. Have fun staying poor". === Think about how disconnected the way BTC bulls act is relative to what they proport to be a part of. Why are you not eager to answer these common sense questions? Shortby holeyprofit338
BITCOIN Is Going Up! Buy! Please, check our technical outlook for BITCOIN. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 100,153.20. Taking into consideration the structure & trend analysis, I believe that the market will reach 102,181.06 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider113
Very obvious $Btc game planWaiting for eventual downpour into the 70k-80k range, then I’m selling my house and buying as much bitcoin as possibleLongby RealPantydropper221
BTCUSD SELLBitcoin (BTC) ends the working week hovering around $98,000 after a very volatile Thursday when it surpassed the $100K milestone and underwent a sharp correction. Strong institutional demand, whale accumulation, and the choice of a pro-crypto figure to lead the US Securities and Exchange Commission (SEC) fueled the rally this weekHowever, traders should be cautious about a possible correction ahead as on-chain data shows holders booking profits at the top. Moreover, any moves from Mt.Gox funds and US government transfers could add to the selling pressureBitcoin surged past the $100K milestone on Thursday, reaching a peak of $104,088 before experiencing a sharp drop to $90,500. It ultimately recovered to close above $96,900. As of Friday, it is trading slightly above $98,000Shortby KingForex078Updated 115
Elliott Wave Analysis & Future Market Cap PredictionsThis detailed analysis leverages Elliott Wave Theory to project Bitcoin's future price movements and market capitalization milestones. Explore: * Predicted bull market peaks and realistic market cap targets. * Anticipated pullback levels and key support zones for future corrections. * How Bitcoin's price aligns with Elliott Wave structures and Fibonacci retracement levels. * This post offers a comprehensive outlook to help traders and investors navigate Bitcoin's next major cycles with confidence. Follow for updates and stay ahead of the curve! 🚀Longby Pythin2
#btc #elliottwave short sell setup wave 2/a 14Dec24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.Shortby alibadshah883
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec13, 2024Technical Analysis and Outlook: Bitcoin's repeated pullback in this week's trading session by upholding firmly at the Mean Sup 96000 price level within the completion of the Inner Coin Rally 103600 is now noted. Recent analyses indicate that the cryptocurrency will likely retest the completed Inner Coin Rally 103600 by navigating the weak Mean Resistance 102300. This movement is anticipated to revitalize its upward trajectory toward the projected Outer #1 Coin Rally 110000 and beyond. Furthermore, a potential decline to the Mean Support 97000 would prepare the market for the subsequent phase of a bullish trend. by TradeSelecter112
BITCOIN updateThis chart is a **BTCUSD (Bitcoin to US Dollar)** analysis on the **30-minute timeframe** --- ### 1. **Key Levels and Zones** - **Resistance Zone (Blue):** - This area is marked between **102,572** and **103,591**. - BTCUSD has previously attempted to break through this zone multiple times but has been rejected, as shown by the highlighted circles at the top. - If Bitcoin breaks above this level and closes above 103,000, it could signal a potential **bullish breakout** toward new highs. - **Support Zone (Green):** - Key support is located between **98,956** and **99,318**. - BTCUSD has previously rebounded from this support level, as indicated by the blue circles near the bottom. - This zone aligns with the ascending trendline, which suggests **higher lows** and ongoing bullish momentum. - **Demand Zone (Red):** - The red zone between **96,215** and **96,450** acts as a **strong support area**. - If BTCUSD fails to hold the green zone, price might retrace toward this area, making it a key demand zone for buyers. - **Low-Level Support (Yellow):** - A final support near **94,229**. - This level is likely to act as the last line of defense for bulls in case of a sharp downturn. --- ### 2. **Trendlines** - **Ascending Trendline:** - A diagonal trendline starting from the lows in the red zone (around December 10) continues to support BTCUSD's bullish trajectory. - This trendline has been tested multiple times and continues to provide upward momentum. - **Projected Path:** - A black arrow indicates the anticipated market movement. - A possible scenario is BTCUSD testing the blue resistance zone again. If rejected, it may bounce off the ascending trendline before attempting another breakout. - A **successful breakout** above **103,591** could initiate a continuation of the bullish trend. --- ### 3. **Market Structure** - BTCUSD is currently in an **uptrend**, forming a series of **higher highs** and **higher lows**. - Price action suggests consolidation near the **resistance zone** as buyers and sellers battle for control. --- ### 4. **Scenarios to Watch** 1. **Bullish Breakout:** - If BTCUSD breaks above **103,591** with strong volume, it could trigger a continuation rally. - Traders may look for a retest of the resistance zone (now turned support) to confirm the breakout. 2. **Bearish Rejection:** - A rejection from the **102,572 - 103,591** area could push BTCUSD back toward the **green support zone** around **99,318**. - Failure to hold this level may lead to further downside toward the **red demand zone** (96,215 - 96,450). 3. **Trendline Retest:** - The ascending trendline is a key level for bullish momentum. - A successful bounce off this trendline would confirm buyers are still in control. --- ### 5. **Summary and Recommendations** - **Current Sentiment:** Slightly bullish as BTCUSD maintains higher lows and respects the ascending trendline. - **Key Resistance:** **102,572 - 103,591** (blue zone). - **Key Support:** **98,956 - 99,318** (green zone). - **Bullish Trigger:** Breakout above **103,591**. - **Bearish Trigger:** Break below **98,956**, leading to **96,215**. Traders should monitor volume and price action near the blue resistance zone and ascending trendline for further confirmation.Longby amerjaradat339
The Dangerous Fantasy That's Killing Your Trading CareerAre you still watching YouTube videos of traders showing off their luxury cars and million dollar properties? They make it look so easy to profit from the market. A few clicks here and there. Add some magical indicators. Suddenly you're making thousands of dollars a day. I fell for it hard. I was like you. I wanted something that could get me rich quick. The dream of leaving my 9-5 job to travel the world. I don’t want to worry about money again. Trading seemed like the perfect solution. This costs me $10,000 and five years of my life. The Seductive Lie of Quick Riches You've definitely seen those Instagram posts. Screenshots showing $5,000 profit from one trade, sports cars in the background, and the classic laptop-by-the-beach setup. They tell you they've discovered a "secret strategy" that wins 90% of the time. For just $99, they'll share it with you. It all sounded too good to be true. Right? Think about it. If someone really had a strategy that could turn $1,000 into $100,000 in a month, why would they sell it for $99? They could easily approach any hedge fund and make millions. But they don't. Instead, they're selling courses and signals to hopeful traders like you and me. They spend hours trying to market their products to you while they can just click a button and earn $10,000 in 30 minutes. My Expensive Journey to Reality When I started trading, I thought I'd be different. I was smart, hardworking, and determined. I studied technical analysis, learned about indicators, and even bought some "guaranteed" trading systems. My first few trades were winners. I turned $500 into $1,000 in just a week. I felt invincible. I do have a hand of midas. This was it. I found my holy grail! I could already picture myself quitting my job in a few months. I planned how much I could earn in a year and I could retire my parents. I started taking bigger risks. Why make $100 per trade when I could make $1,000? Why risk 1% when I could risk 10%? After all, my strategy was "proven" to work. I have the holy grail on hand. I just needed to scale up faster to reach my destination. Then reality hit. Three months later, my account was blown. But I wasn't worried. I just needed to deposit more money and trade better. This cycle repeated until I had lost my entire savings. The Hidden Cost of the Get-Rich-Quick Mindset The real danger isn't just losing money. It's the mindset that trading is a shortcut to getting rich. You begin to put on bigger risks because you want larger profits. You skip proper education, because you want results now. You ignore risk management, because your account size grows too slow. You chase losses, because you can't accept small setbacks. You jump from strategy to strategy, trying to look for the holy grail. I see traders doing exactly what I did. They risk 50% of their account on one trade, hoping to double their money quickly. When it works, they feel like geniuses. When it fails eventually, they lose everything. The Uncomfortable Truth About Trading Success Here's what successful traders won't show you on Instagram: Years of studying and practice before becoming profitable. Countless hours of backtesting and analyzing trades. Multiple blown accounts while learning. Small, consistent gains instead of massive wins. Strict risk management that seems "too conservative." The reality? Most successful traders make 2-5% per month consistently. That's it. No lamborghinis, no private jets, just steady, compound growth over time. Think about the math. If you start with $10,000 and make 3% per month consistently, you'll have $14,257 after one year. Not exactly Instagram-worthy, is it? But after five years of compounding, that becomes $43,891. After ten years? $192,577. The Real Path to Trading Success When I finally accepted that trading wasn't a get-rich-quick scheme, everything changed. I stopped looking for the holy grail and started focusing on the basics: Proper risk management, never risking more than 1% per trade. Consistent execution of one simple strategy. Patient position building as my account grew. Regular review and improvement of my process. The transformation wasn't exciting. No massive winning days. No Instagram-worthy screenshots. Just small, consistent profits that compound over time. What Real Trading Looks Like Let me share what my trading looks like now. Here's the reality: I take 2-3 trades per week, not 20 trades per day. My average winning trade is 2R, not 100R. I spend more time managing risk than looking for entries. Most of my trading days are boring and uneventful. This approach isn't sexy. It won't make you rich by next month. But it works, consistently and reliably. Building a Sustainable Trading Career The secret to trading success isn't finding the perfect strategy or indicator. It’s never about the holy grail. It's about changing your mindset from getting rich quickly to building wealth slowly. This means that you need to do the following: Understand that trading is a business, not a lottery ticket. Focusing on risk management before profit potential. The longer you stay in the game, the closer your results will converge to your expected value. Building proper habits and routines. Celebrating consistency over big wins. Let big winners come by executing the same trade over and over again. Thinking in terms of years, not days or weeks. You underestimate how much you can accomplish over a long period of time, The Choice Is Yours You're at a crossroads right now. You can continue chasing the fantasy of quick riches, jumping from strategy to strategy, hoping to find that magical solution that will make you rich overnight. Or you can accept that trading success comes from consistent execution, proper risk management, and time. It's not exciting. But it works. I've walked both paths. The first one cost me $10,000 and years of frustration. The second one led me to managing six-figure funded accounts and to be consistent in my trading. The idea of getting rich quickly is appealing, but the reality of consistent profits is always better.by Keeleytwj4