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BITCOIN The Volatility Index points to strong consolidation nextLast time we analyzed Bitcoin (BTCUSD) in relation to the Volatility Index (VIX), was 4 months ago (August 22, see chart below) and was an extremely successful projection as we took advantage of the 1W MA50 (blue trend-line) bottom and predicted the $100k Target, which recently got hit: Once more, we decided to seek the (mostly) negatively correlated patterns of VIX (chart on the right) to determine BTC's (chart on the left) price action in the coming months. Based on VIX's Channel Down, the fact that it broke below its 1W MA50 (blue trend-line) and now is rebounding indicates that BTC may be entering a weekly consolidation phase. As you can see on VIX's chart, every time it broke below the 1W MA50 and started rising, Bitcoin entered a multi-week consolidation phase that sometimes was quick and others many months in length. Its 1W RSI is also at a level that relates to all those consolidation phases. In our opinion this consolidation has more probabilities of being similar to December 04 2023 - January 29 2024, as the post August 2024 rally resembles more the rally that started on August 2023. This highlights the high degree of symmetry within Bitcoin's 2-year Channel Up. If it continues to replicate that huge Bullish Leg, then we might as well see the rally peaking upon a +195.27% rise again. That could target $145000 by May 2025, which technically would also be marginally above the 1.5 Fibonacci Channel extension, similar to the March 11 2024 High. So what do you think? Is it possible for Bitcoin to enter a multi-week consolidation now? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
4
BTCUSD - Bitcoin's global uptrend is complete.BTCUSD - Bitcoin's global uptrend is complete. the global uptrend on Bitcoin (BTC) has come to an end. This point of view has caused an active discussion among traders and investors, especially after key support levels were broken and the market entered a prolonged correction phase. The main arguments of the “wave-watchers” Completion of the 5th Elliott Wave According to Elliott's theory, the global uptrend consists of five waves: three impulsive and two corrective. Some analysts argue that the fifth wave ended at Bitcoin's all-time high around $69,000 in 2021, after which a long correction cycle began. ABC-shaped correction development After the completion of the fifth wave, the market may form a correction in the form of three waves (ABC). Bitcoin's current dynamics, including the price decline in 2022, is seen as the realization of this correction structure. Loss of key support levels Levels that used to serve as strong support (e.g. $30,000 and $20,000) have been broken. This reinforces the view that the market is already out of its global bullish trend phase. Declining institutional interest Many large investors have slowed down their investments in Bitcoin, which also indicates a possible downturn in the long-term uptrend. What to expect next? Wave structure The current correction may be temporary and the market will enter a new phase of growth (the beginning of a new cycle of waves). Key levels to confirm the trend If the price comes back and consolidates above $30,000-$35,000, it will be a strong signal of bullish trend continuation. A move below $10,000 could confirm the end of the global uptrend. Long-term outlook Bitcoin is still an attractive asset to hedge, especially given its limited supply (21 million coins).
CRYPTO:BTCUSDShort
by Trade_Hive_Signals
1
Bitcoin Crash + Largest altcoin analysis requests! (ask me)Write a comment with your altcoin, and I will make an analysis for you in response! Also, please hit boost and follow for more ideas. I start my analysis with Bitcoin. Currently, I expect a drop to 85k. We have a total of 3 unfilled FVGs (fair value gaps) below the current price, and this is a big deal. These gaps pretty much always tend to be filled. These are no gaps that occurred at the start of the uptrend (near 15k in 2022), but almost before the end of the uptrend (85k in 2024). This is a hugeeeee problem, and I assure you that bitcoin will go down sooner rather than later.  Today we also want to look at the RSI indicator. The RSI indicator is important mostly only on the 1m, 1H, 1D, 1W, and 1M charts. Do not use it on, for example, 15m or 2h charts. On the RSI indicator, we can see a bearish divergence because the price is making a higher high while the indicator is making a lower high. That's a huge sign of weakness. Also, let's take a look at the moving averages. This is the daily chart, so let's use 50, 100, and 200. These periods are very popular among huge institutions and hedge funds. They mainly like to use 200 and 20. As we can see, the price is too far away from them, which is a sign that the market is overbought and we should wait for a correction. You want to buy at the support, not when the market has already made the move. Currently I am bearish on Bitcoin. Profit target 1: 92,250, profit target 2: 85,350. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
BITSTAMP:BTCUSDShort
by Xanrox
328
Wanna Know What's REALLY Going On with Bitcoin? Buckle Up!"Crowd Psychology, Chart Patterns, and Why Bitcoin Might Be About to Faceplant (or Bounce Back)" The Vibe Check: Bitcoin’s chart isn’t just numbers—it’s a chaotic rollercoaster of collective fear, greed, and panic. Right now? The crowd’s sweating bullets. Key Level Alert: If Bitcoin doesn’t close above $98,000 in the next 24 hours, strap in—it’s likely heading south to $90,000 for an awkward meet-and-greet with support. Shoe Pattern Shenanigans: The chart looks like a sad shoe. And guess what? Shoes go down—not up. Emotions Run the Market: Technical indicators are nice, but crowd psychology runs the show. When everyone's asking, "What the hell is happening?" it’s usually not great news. Critical Scenarios: Best Case: Bitcoin rallies, closes above $ 98K, and we all exhale. Worst Case: Bitcoin starts “dating” $ 90K support. If they get married… oof, we’re in for dark times. Chart Whisperer Wisdom: Forget fancy oscillators—learn to read emotions in the chart. The story’s all there, plain as day. Bottom Line: If Bitcoin doesn’t show us a green candle ASAP, we’re on the express elevator to "Sad Town." Keep your eyes on the chart and your finger on the seatbelt. CRYPTO:BTCUSD
COINBASE:BTCUSD
by Hollywood260AB
3
BTC will Fly SoonBTC is currently exhibiting an upward trend, trading within a parallel channel characterized by inclined support and resistance levels. Notably, BTC has experienced three instances of reversal from support and three from Resistance levels. Presently, BTC is positioned at the support level and has initiated a reversal, indicating a directional bias towards the upside. Our recommended buy zone for BTC is between 96500_97500 With potential take Profit level at T.P1= 100000 T.P2= 103000 T.P3= 105000 T.P4= 108000 Having stop loss= 94500
BITSTAMP:BTCUSDLong
by LeonardoTrader9t9
Heading into 50% Fibonacci resistance?The Bitcoin (BTC/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support. Pivot: 102,858.96 1st Support: 94,387.12 1st Resistance: 108,432.84 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDShort
by ICmarkets
BITCOIN // Start of the weekly correction?After a nice expansion, Bitcoin has reached the weekly target fibo 300 and the monthly 200. From this level, the chance of a deep correction is significant. If the weekly candle closes like this, below the weekly impulse base, the market breaks the weekly structure and enters the correction space of the last weekly impulse. There may be a correction of the corrective impulse, but chances are high that it will turn below the peak and go south. There is a clean (not yet tested) H4 breakdown that triggers the longs. Below that, I'll be looking for short trades. I don't know anything about the fundamentals, though, can anyone enlighten me in the comments? ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
BITSTAMP:BTCUSDShort
by TheMarketFlow
1
Bitcoin to the moon or doom?The BTC/USD monthly chart does appear to be forming a rising wedge pattern, which is often considered a bearish reversal signal.   What is a Rising Wedge? A rising wedge is a chart pattern characterized by two converging lines, with the upper line sloping upwards more steeply than the lower line.   This pattern suggests that buying pressure is weakening, and sellers are gaining control. A breakout below the lower trendline of the wedge is typically considered a bearish signal, potentially indicating a significant price decline.   Potential Implications: Market Top: If the rising wedge pattern plays out as expected, it could signal the end of the current uptrend and a potential market top. Price Correction: A breakout below the lower trendline could lead to a significant price correction, potentially wiping out a portion of recent gains. Black Swan Events: Unpredictable Nature: Black swan events are highly improbable and unexpected events that have a significant impact on the market.   Potential Impact: A positive black swan event, such as a major regulatory approval or a significant technological breakthrough, could potentially reverse the bearish trend and propel Bitcoin prices higher. Important Considerations: Chart Patterns are not Deterministic: Chart patterns are not foolproof predictions. They provide insights into potential market movements but should not be relied upon solely for investment decisions. Fundamental Analysis: It's crucial to consider fundamental factors, such as economic conditions, regulatory developments, and investor sentiment, alongside technical analysis.
BITSTAMP:BTCUSD
by ParabolicP
1
SPY/QQQ Plan Your Trade For 12-18 : Gap Up LowerPay attention to the SPDR Sectors and how they appear to be moving downward (potentially rolling into a topping pattern). I believe the US markets may roll into a topping pattern before the January inauguration. President Biden could throw a bunch of curveballs at the US before he ends his term. I urge traders to stay agile and protect assets. We'll have lots of time to deploy our capital after the Inauguration event. With only a week before Christmas, I urge everyone to start trading much smaller positions and prepare for a very light trading week through Christmas. Remember, the markets typically begin to move more aggressively after January 7-10. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDShort
by BradMatheny
4
Bitcoin in lower timeframes (4H)Bitcoin appears to be within a "Trading Range" on lower timeframes. Within this range, a bearish "QM" (Quasimodo) pattern seems to have formed. To complete the right shoulder of this QM, the price may need to rise to higher levels (red box). It could move from the green box up to the red box. Generally, during the year-end holiday period, many large and small traders need cash and sell part of their assets, causing a mid-level correction in the market. During these days, the market seeks liquidity hunts and fluctuations within a specific range. At this stage, it's advisable to reduce the number of your trades and avoid futures trading to some extent. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
BITSTAMP:BTCUSD
by behdark
Market Shifts To Risk-Off: Correction For Bitcoin To 85-90k.We are seeing significant flows since the Fed delivered a hawkish cut yesterday, with stocks turning sharply to the downside while the US dollar continues its recovery above 108. Another reason for this end-of-year shift could also be profit-taking, given the substantial gains in risk assets throughout the year, so traders see this as reason to exit, since FED expect less cuts next year. This shift into the US dollar and out of the stock market is also impacting cryptocurrencies. Bitcoin has turned perfectly downward from 108, which we tracked as an important resistance level in wave five of an extended wave three. Now that price turned down and broken the channel support line, it looks like an A-B-C correction is underway, likely targeting even lower levels. The key support zone for the current corrective fourth wave should be around the 84000–90000 area. This zone could provide the foundation for a potential new bullish resumption, aligning with the 38.2% Fibonacci retracement level. Broke through that zone will put bulls in some real trouble. Grega
BITSTAMP:BTCUSD
by ew-forecast