Are we just getting a bull trap for $BTC?That is the Christmas spirit. Looks like we've been bull-trapped. Hopefully this will not last and our demand zone will prevent this correction. For now there's nothing we can do about it except watch it. Stay safe. Be kind to the world and each other!by RidgerR1
TEFOREXADVENTURE | BTCUSD BEARISH OUTLOOKbtcusd break te up trend line thats why now i focus on sell trade guys TRADE SETUP sell zone 95,700.00 stop loss 96,700.00 1target 94,700.00 2target 92,700.00 follow this setup with proper money management guys guys if you like my work please support me through like , comments and followShortby TheForexAdventures3
Bitcoin’s Christmas Trap: Be Cautious🚨 Bitcoin’s Christmas Trap: Be Cautious 🚨 CRYPTOCAP:BTC Alert As the festive season unfolds, Bitcoin has soared to an impressive $95,233.00. While this rally might spark excitement, investors should tread carefully. History warns us of Bitcoin’s holiday volatility, where quick gains can be followed by dramatic drops. --- 🔍 Key Insights to Keep in Mind: 1️⃣ ⚡ Market Volatility: The crypto market is notorious for its unpredictability. Rapid price surges often precede steep corrections. 2️⃣ 📈 Historical Trends: December has been a rollercoaster month for Bitcoin, with sharp gains sometimes overshadowed by sudden sell-offs. 3️⃣ 🌎 External Influences: Global economic shifts, regulatory updates, and investor sentiment can swing Bitcoin’s price unexpectedly. --- 💡 Tips for Smart Investing: 🧠 Stay Updated: Keep a close watch on market news and trends to make informed choices. 📊 Diversify Wisely: Spread your investments across various assets to reduce risks. ⏳ Avoid Impulses: Resist making hasty decisions based on short-term price movements. --- 📌 Final Thought: While the holiday season might inspire optimism, approach Bitcoin investments with caution. Align your decisions with your financial goals and risk tolerance. Stay sharp, stay safe, and invest wisely! Shortby AlphaBull-Trading1
Key Levels Overview for the Week 12.2024(23-29)Key Levels Overview for the Week🔳🔲12.2024(23-29)🔳 Dynamic Supports🔀 When the price is outside the range where pivot points are located, levels drawn in previous weeks can be used for assistance.* Dynamic Resistance🔀 103000 102000 101000 100000 Mid Pivot (🐂bull&bear🐻 zone ch trend) 120444 110999 101444 range of supply and demand 101777 107888 114000 by spacecraft1
Bears showing up !? 🚨 Bitcoin Bears Tighten Their Grip: What’s Next for the King of Crypto? 🚨 CRYPTOCAP:BTC The bears are back in full force, and Bitcoin is under pressure. Recent price drops have rattled the market, leaving traders wondering: what lies ahead for the world’s leading cryptocurrency? 🔍 Key Observations: Bearish Momentum: Bitcoin's recent performance signals a growing bearish sentiment among traders. Market Dynamics: Global economic uncertainty, interest rate speculation, and ongoing regulatory debates are adding weight to BTC's shoulders. Support Levels: Bitcoin is teetering on key support zones—will it hold firm, or are deeper corrections imminent? 💡 How to Navigate This Market: 1️⃣ Stay Informed: Keep a close eye on critical price levels and market updates. 2️⃣ Risk Management: Diversify your portfolio and set stop-loss orders to safeguard your investments. 3️⃣ Long-Term Perspective: Remember, Bitcoin has endured—and bounced back from—similar downturns in the past. The crypto market thrives on resilience. Is this dip a golden buying opportunity, or will the bears take full control? 💬 Drop your predictions and strategies in the comments below! Shortby AlphaBull-Trading2
El Salvador's Bitcoin ReserveElSalvadorBTCReserve : El Salvador's Bitcoin Reserve El Salvador’s bold decision to embrace Bitcoin as legal tender has captured global attention, and its Bitcoin Reserve is now making waves. Here’s the latest: 📈 Bitcoin Reserve Growth El Salvador continues to strategically accumulate Bitcoin for its national reserve, reinforcing its commitment to cryptocurrency and its long-term potential. 💡 A Strategic Economic Move By holding Bitcoin, the country aims to leverage potential price appreciation, a strategy that could transform its financial system and influence global crypto adoption. 🌍 Global Ripple Effect As a trailblazer in adopting Bitcoin as legal tender, El Salvador might inspire other nations to explore similar paths. --- 🚀 What’s Next? 🔄 Continued Accumulation: Will El Salvador keep adding Bitcoin during market fluctuations? 📊 Market Impact: How could this growing reserve influence Bitcoin's global price dynamics? As El Salvador’s Bitcoin journey evolves, the world watches to see how this bold experiment shapes the future of cryptocurrency adoption.by AlphaBull-Trading1
superlong for newbie welcome to crypto this are the reasons why im still bullish and hoping that this month will close green 1.we bounce exactly at tested strong support and acting as 0.382 2.ema 50 respected 3.hidden bullish contenuation divergence 4. blackrock add more coins this during this flash sale last inverse head and shoulder pattern bullish pattern is about to break out anytime Longby josephraro995731
possibility of uptrendConsidering the price behavior in the current resistance range, the downward trend will likely continue If the price breaks through the resistance range, the upward trend will likely continueLongby STPFOREX1
A small bump for BTC, a giant drop for MSTRThe difference between 1st support and 3rd support of COINBASE:BTCUSD is 4%. The same difference in support areas for CAPITALCOM:MSTR is 30%. Should 1st, and 2nd support break, CAPITALCOM:MSTR is in big trouble..by WeRideAtDawn111
Navigating the Current Market Turbulence: A Crypto and Stock MarBitcoin is currently trading at approximately $102,200, reflecting a decrease of 2.36% over the last week. Despite a brief rally reaching highs of $108,367.38, the digital currency has faced selling pressure. The Relative Strength Index (RSI) remains above 65, indicating that BTC might still be overbought, while the Moving Average Convergence Divergence (MACD) suggests bearish momentum could persist. Investors should be cautious as the market shows signs of volatility. For cryptocurrencies, monitoring RSI and MACD indicators can provide insights into potential buying opportunities. Shortby pBouDib1
Divergence Spotted 4H chart The price meeting the support at 98000, where we can see the divergence spotted with the RSI decline lows and the BTC price lows increase. sign for buy long for the 4H chart, daily Chart, price is going down.Longby khaledabdrabo1
30% correction to 70k next for Bitcoin ?? — December 3rd, 2024** short term forecast, days and weeks ahead ** On the above weekly chart price action leaps up 40% since all of 30 days ago. A number of reasons now exist for a bearish outlook. The include: 1) Price action and RSI support breakouts. 2) Regular bearish divergence. Multiple oscillators now print lower highs with higher highs in price action. 3) Price action is outside Bollinger Band on the weekly. Remember 95% of all price action trades around the mean, which is currently $70.2k 4) Hanging man candle print. A perfect example of buyer exhaustion. What does this means for alt tokens? That depends. Overbought tokens (XRP, Dogecoin, XLM, etc… ) they will join the correction with Bitcoin. A select few will enjoy the liquidity that comes from them. Do you know which? Is it possible price action continues to rise? Sure. Is it probable? No. WwShortby without_worriesUpdated 424262
Despite pullback, Bitcoin holding upward trendline.Looking good so far. Waiting for RSI to reset. Risk of breakdown still exists down to 98-100k range.by chillcryptoUpdated 1
btc long term pitchforkHello good analysis of where bitcoin will go over next several years. its tracking this pitchfork very well.. Best of trading. by zay_dfw221
Bitcoin Looking For More Retracement?Recent Price Action: Bitcoin has continued its uptrend, reaching a high of $108,000 and closing near $104,949 yesterday. Yesterday's Candle: The candle shows a long upper wick and a small body, resembling an inverted hammer or shooting star pattern. This suggests rejection at higher levels, indicating some selling pressure as the price attempted to push higher. Today's early price action is showing minor follow-through to the downside, confirming caution from yesterday's rejection. We need to watch the daily close. Key Support and Resistance Levels: Resistance: The psychological level at $106,000 is acting as the near-term resistance. Support: Immediate support is at $99,860 (recent breakout level). Below that, $73,835 remains a critical support zone. If the price pulls back, a retest of $99,860 would be a healthy correction within the bullish trend. RSI Analysis: The RSI remains elevated but below overbought territory (~70–80), indicating strong bullish momentum but also signaling potential for a cool-off period. Divergence is not yet confirmed, but if RSI fails to make a new high while price advances, it could signal weakening momentum. We want to avoid clear bearish divergence confirming today. Moving Averages: The 50-day SMA (blue line) is trending strongly upward and sits around $91,000, offering a dynamic area of support in case of deeper retracement. The 200-day SMA (red line) is far below at $70,000, reinforcing the bullish long-term trend. Volume: Volume during the recent move higher has been declining slightly, which could suggest weakening buying interest. If volume continues to drop, a short-term retracement or consolidation becomes likely. Interpretation of Yesterday's Candle: The rejection wick near $106,000 signals that buyers may be losing some momentum at this level. If today’s candle closes bearish or below $104,000, it would confirm short-term selling pressure and set up a potential pullback toward $99,860 (previous resistance, now support). Outlook: Bullish Case: If Bitcoin reclaims $106,000 and closes with a strong candle, the next psychological target could be $110,000–$115,000. Maintaining higher lows and bouncing off $99,860 would confirm trend continuation. Bearish Case: Failure to hold above $104,000 and rejection from $106,000 could trigger a pullback toward $99,860. A breakdown below $99,860 could extend the correction to the 50-day SMA near $91,000, which would still be a healthy retracement in the broader uptrend.by ScottMelker5
Elliott Wave View: Bitcoin (BTCUSD) Has Reached Inflection AreaShort Term Elliott Wave View in Bitcoin (BTCUSD) suggests rally from 6 September 2024 low is in progress as a 5 waves impulse. Up from 6 September, wave 1 ended at 66508 and dips in wave 2 ended at 58867. The crypto-currency has extended higher in wave 3 towards 103647 as the 1 hour chart below. Pullback in wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 97917 and wave ((b)) ended at 99577. Wave ((c)) lower ended at 92310 which completed wave 4 in higher degree. Bitcoin has resumed higher in wave 5. Up from wave 4, wave ((i)) ended at 101251 and wave ((ii)) pullback ended at 94249 as a zigzag structure. Down from wave ((i)), wave (a) ended at 98752 and wave (b) ended at 101407. Wave (c) lower ended at 94249 which completed wave ((ii)) in higher degree. The crypto-currency has extended higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 102582 and pullback in wave (ii) ended at 99250. Wave (iii) higher ended at 107821. Pullback in wave (iv) is in progress as an expanded flat before it turns higher again. Near term, as far as pivot at 92310 low stays intact, expect dips to find support in 3, 7, or 11 swing and the crypto-currency to extend higher.by Elliottwave-Forecast2
BTCUSD - Am I Underestimating the Bulls? Following this channel the prediction allows a 3M Bitcoin which is a bit crazy but could it happen? Its still within the long term channel up and is the top point of this channel Weekly timeframe Anyone want to add some thoughts? Perhaps a rise of 4800% is too much? by Bixley7
PumpyDumpy - Crab It UpSay what you will, but I’m not impressed by the $100,000 level. It doesn’t feel like a milestone has been conquered, does it? The price action is way too narrow around this mark. If it’s going to turn into solid support, we need a convincing blast through that resistance—big green dilly, not this weak movement. I’m spotting a rising wedge pattern. Maybe it plays out, maybe we push to a new higher high. But ask yourself: do you really know where the sellers are lurking? And seriously, avoid leveraged positions. This is scam wick territory—one bad move and you’re rekt. Also, don't short sell. Shortselling is for idiots. Sell what you have, not what you don't.Shortby PumpyDumpyUpdated 1110
BTCUSD US Election Rally Buy BTCUSD @ 67500 - 67200👾BTCUSD💵 US Election Rally 💎Buy BTCUSD @ 67500 - 67200💎 Tuesday 11/05/2024 07 PM 66600 StopLoss —> 67550 BreakEven+ Scalp TakeProfit 1: 67700 TakeProfit 2: 67900 TakeProfit 3: 68100 Daily TakeProfit 4: 68300 TakeProfit 5: 68500 Swing TakeProfit 10: 69500 TakeProfit 20: 71500 TakeProfit 30: 73500 Position TakeProfit 50: 77500 TakeProfit 100: 87500 TakeProfit 200: 107500 TakeProfit 300: 127500 Richard Eyo ~ The Wizard 🧙♂️Longby SmartWizardFXUpdated 5
Bitcoin (BTC): Crypto Cycles / Are We In Bullish One?Well, the last time we took a bigger look at bitcoins cycles was exactly a year ago and so far almost everything has been playing out well; halving is done and we are in the beginning phase of the bullish market, as it seems. But one thing concerns us: we did not have a proper reaccumulation phase on the coin, whereas we did have a proper expansion phase and a quick start of bullish market. Now this seems a little bit off so we are keeping our curiosity at a possible quick liquidity movement to happen (due to lack of reaccumilation phase). But keep in mind that every cycle is different and so is this one. Stay safe and don't be greedy!! Swallow Team Longby SwallowAcademy1115
BTC/USD : First Short, Then LONG! (READ THE CAPTION)Analyzing the #Bitcoin chart in the 4-hour timeframe, we observe that the price is currently trading around $100K. If the price stabilizes below $100,380, we could expect further declines, with $97,800 as the first key level, followed by the potential start of the next bullish wave for Bitcoin. The second scenario involves a price surge above $101,500, which could increase demand and push the price to levels above $102,000. This analysis will be updated further. Weekly Time Frame Analysis : Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman ShabanLongby ArmanShabanTrading5539
BTC BULLKey Observations: Uptrend Confirmation: Bitcoin has maintained a clear bullish structure, printing consecutive higher highs and higher lows since the start of 2023. The parabolic move from the $49,000 breakout has led to a sharp rally toward $106,869 (current level). Key Support and Resistance Levels: Support: $100,000 - Key psychological support $73,835: This is the previous major resistance that has now flipped into support. If BTC pulls back, this level will be critical for maintaining the bullish structure. Resistance: No significant overhead resistance exists as BTC is in price discovery. Key psychological levels like $120,000 and $130,000 could act as magnets for price. Volume: Volume has been increasing alongside the rally, confirming that this move has strong participation and is not purely speculative. Sustained volume at higher prices is a bullish sign that the breakout has conviction. RSI Analysis: The RSI is currently in the overbought territory (above 70), sitting near 80. Historically, in bull markets, weekly RSI staying elevated for an extended period is common, so overbought conditions don’t necessarily mean an immediate reversal. Moving Averages: 50-Week SMA: Trending sharply upward and currently around $73,000, reinforcing it as a key support level. 200-Week SMA: Sits far below around $49,000, marking the long-term bull/bear cycle boundary. Key Thoughts: Parabolic Move and Healthy Pullback: Bitcoin’s sharp rally suggests we are entering the euphoric stage of the bull market, where strong upward moves can happen in a short period. However, parabolic moves often lead to steep pullbacks for reaccumulation. A retest of the $73,835 support zone would be healthy and expected. 4-Year Cycle Alignment: This move aligns with the Bitcoin 4-year halving cycle. Historically, BTC experiences significant upward momentum in the year leading up to and after the halving. If the pattern holds, Bitcoin could target new highs over the next 6–12 months. Price Discovery Mode: With BTC breaking above all historical levels, there is no technical resistance to cap price movement. Psychological levels such as $120,000 and $150,000 could act as round-number resistance targets. Bitcoin remains firmly bullish on the weekly chart, with price discovery underway and no historical resistance. While short-term overbought conditions suggest caution, the macro uptrend remains intact as long as BTC holds above $73,835. Dips into key support zones should be viewed as buying opportunities. Long-term targets include $120,000–$150,000 if the 4-year cycle continues to play out.Longby ScottMelker119