BTC flip $101k resistance into support with MSTR smash buysMSTR will keep BTC buoyed above $90k until smash buying BTC with the recent inclusion into NASDAQ 100. This will flip $101k into support.
No alt season for many months still.
BTCUSD.P trade ideas
This chart is for AndreaTrade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market.
Traders generally negotiate through a medium of credit or exchange, such as money. Though some economists characterize barter (i.e. trading things without the use of money ) as an early form of trade, money was invented before written history began. Consequently, any story of how money first developed is mostly based on conjecture and logical inference. Letters of credit, paper money, and non-physical money have greatly simplified and promoted trade as buying can be separated from selling, or earning. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade.
In one modern view, trade exists due to specialization and the division of labor, a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trade for other products and needs. Trade exists between regions because different regions may have a comparative advantage (perceived or real) in the production of some trade-able goods – including the production of scarce or limited natural resources elsewhere. For example, different regions' sizes may encourage mass production. In such circumstances, trading at market price between locations can benefit both locations. Different types of traders may specialize in trading different kinds of goods; for example, the spice trade and grain trade have both historically been important in the development of a global, international economy.
BITCOIN TARGET NOW 113k plus or minus 500 We seem to have ended of what is a 4th wave triangle I would now look for 113 era but it should be rather fast and form a Strong TOP to which a much bigger decline !!!
Effect Of FOMO and Fear Of LossAfter a shoot more than 100k (up to 104k price), selling pressure became higher. But because of too much sentiment related to FOMO, the price will keep pushing higher. Almost all cryto coins are having FOMO sentiment. I am expecting to trade in ranging zone of higher timeframe (D1, W1). Here is what I think will have buying pressure and selling pressure.
Possible Stages of BTC top.The big W spike could have been an important top for BTC.
In times we have topping patterns we usually see the retracement levels hold 76/86 and then reject.
When this happens we often seen wave 1 of the reversal in the obvious break.
Wave 2 is the "Return to normal" bull trap (76 correction).
When these are in place and waves 3 and 5 come, these tend to extend 2.61 of wave 2.
Forecast for wave 5 low would be around 75K.
BTC - Perfectly Timing the MarketIt's funny how people say it's is impossible to time the market. I disagree and the data proves it! Check this out...
2020 cycle/ Date: September 5, 2020
The pivot low to begin the next leg of the bull market starts
2024 Cycle/ Date: September 6, 2024
The pivot low to begin the next leg of the bull market starts
2020 Cycle/ Date: November 2, 2020
Final dip before the election
2024 Cycle/ Date: November 4, 2024
Final dip before the election
2020 Cycle/ Date: November 26, 2020
First Major Price Correction
2024 Cycle/ Date: November 26, 2024
First Major Price Correction
2020 Cycle/ Date: December 9, 2020
Second wick down to hunt liquidations
2024 Cycle/ Date: December 9, 2024
Second wick down to hunt liquidations
Only the blind think this market moves in random ways. Viaquant is set apart from the herd!
Happy Trading!
BTC - History RepeatingThere are eerie similarities to the 2020 election cycle that I would like to point out. So far not only has BTC respected the 4 year cycle theory, but has so far almost identically followed the 2020 Market structure on the weekly.
First, we have the breakout of a major pattern. 2020 was the 1,000 day triangle from our 2017 ATH. 2024 was the breakout of our 8 month bull flag. Then price is both cases went on a major rally. "Labeled Breakout in white"
Second, we have the election in both 2020 and 2024. "Orange vertical line"
Third, price consolidates at a key level. In 2020 it was right below $20k. In 2024 we have seen that consolidation right under $100k.
Once that key level is broken (outlined with a purple horizontal line), we usually see the next bull market leg happen right after.
Also pay close attention to how the weekly candles looked in 2020 vs how the weekly candles currently look right now. Almost identical!
Will history repeat again?
BTC 115k By EOYMost of the bullet points are in the chart. If all we do is hold this channel we will hit 115k by eoy. If we get good news out of Microsoft this Tuesday 125k+ wouldn't surprise me. Wont be long before the longer timeframe moving averages will cross the 100k level which will hopefully be giving us support. Happy Sunday!
BITCOIN uptrend updateThis chart is a technical analysis of the BTC/USD pair (Bitcoin against the US Dollar) on a 15-minute timeframe.
**Key Observations:**
1. **Rising Channel:**
- The price is currently moving within an upward channel marked by two parallel blue lines. This indicates a short-term bullish trend.
2. **Resistance Zones:**
- **Red Zone (~98,033 - 98,977):** A previously tested supply zone where sellers were active. The price has broken above this level, suggesting bullish momentum.
- **Green Zone (~100,338 - 101,216):** The next potential resistance area. This is likely a higher timeframe resistance zone where selling pressure may emerge.
3. **Support Zones:**
- **Yellow Zone (~94,229):** A significant demand zone at the bottom of the chart, indicating strong buying interest in this area.
- **Horizontal Blue Lines (~98,033 and 95,920):** Possible support levels based on historical price action.
4. **Price Action:**
- The price has recently broken out of the red supply zone, retested it as support, and continued upward, confirming a breakout.
5. **Projection (Arrow Path):**
- The black arrow suggests a potential retracement back into the channel's mid-level or the red zone (~98,977), followed by another move upwards towards the green resistance zone (~101,216).
---
**Interpretation and Strategy:**
**Bullish Scenario:**
- If the price remains above the red zone (98,033 - 98,977), it may continue climbing toward the green zone (100,338 - 101,216). A break above this green resistance zone could lead to further gains, targeting new highs.
**Bearish Scenario:**
- If the price fails to hold above the red zone (98,033 - 98,977), it could fall back toward the lower support levels at 95,920 or even the yellow demand zone (~94,229).
**Trading Strategy:**
1. **Long Position:**
- Look for a retest of the red zone (~98,977) as support before entering long, with targets around 100,338 or 101,216.
- Stop loss: Below the red zone (~98,033).
2. **Short Position:**
- Consider shorting near the green zone (~101,216) if there's a rejection, with a target back to 98,977 or lower.
- Stop loss: Above 101,216.
BITCOIN PRICE FORCASTHello dear traders check my bitcoin chart and share your ideas about it .
Bitcoin currently running in bullish side from long term so here price move again to bullish area I have declared in my chart and shared my personal opinions .
Key highlights ;
Current price; 94.600
Resistance zone ; 93.300
Liquidity buy ; 97.840
Please like ,comment and follow if you find this signal useful must share your feedback .
I love ML I hope this comes true..Imagine that 360k in 3-6 months!! Yes please!
This is CRYPTOCAP:BTC and it will continue to go up the Fear is setting in and people are selling this is just a test area before a huge lift off again maybe NOW! Look at market up 3% or 4% now the market is pumping today! Hard!
POSSIBLE PBT ON BITCOIN !!!Theirs a Possibility that BTC Will come-back down to a 4HR Traditional-PBT. Be cautious since market can range widely, Ill keep an eye on this level for sure.
Did you stick to your plan? Volatility in trading and life.Managing volatility in trading mirrors managing volatility in life, both requiring discipline and focus. As a position trader, I prioritize long-term growth over short-term fluctuations. When prices correct but the trend remains intact, discipline keeps me in the trade. Similarly, life’s challenges often provoke doubt and disappointment, but staying steadfast is key. In trading, discipline helps navigate volatility; in life, as a Christian, trusting God through the ups and downs strengthens both heart and mind, fostering growth and resilience.
What are we afraid of? When fear enters the market, our discipline is tested. We're afraid we were wrong and we'll lose money. We forget we can't win without losing. What we know is so quickly forgotten. When we become afraid in real life, it is often irrational. We often forget how far we've come, and that God will continue to take care of us as He promises.
When volatility comes let's choose to embrace it, trust our discipline, and grow through the experience.
Despite the recent volatility, the crypto market's weekly and monthly trends remain up, broadly speaking. Ride the trend!
BTC next target 106K“Success in trading doesn’t come from predicting the market, but from controlling your own emotions and sticking to your plan. Patience, discipline, and consistency turn the impossible into the achievable.”
This emphasizes the importance of mindset and strategy in long-term success in trading.
Disclaimer: I am not a financial advisor. Please trade at your own risk and do your own research before making any investment decisions.
BTC is consolidating. Trading inside the channel Bitcoin maintains an upward market structure even after the shakeout. Buyers are aggressively protecting all risk areas that could panic the market.
On the daily timeframe, the price is holding steady above the local lows, forming a cascade indicating an uptrend
Scenario: Since bitcoin is trading inside the consolidation, we can take it as a fact that the most chaotic movements and traps will be inside the channel. Accordingly, trading is allowed only within the boundaries of such a channel. In our case, there are no signals to break the channel boundary, so we can trade a false breakout.
Since the support was tested earlier, the market is currently interested in liquidity beyond the 100K level
Idea: I am waiting for a sharp approach to resistance, a false breakout and a fall to support
Destination known 111KConfirmed: As I mentioned in another post, we have now crossed the resistance of the symmetrical triangle, indicating a potential move towards 111K and breaking the possible downtrend.
At the end doesn't make any sense wait for a downtrend when everybody is moving to bitcoin(not now).
Expired BTC.USD Weekly outlook. 2nd WK DEC 2024Expired BTC.USD Weekly outlook. 2nd WK DEC 2024
> BULLISH 📈 HIT
Prior Week Closed Price: 96,764
This Week Target Price: 99,413
Strike Price: 100,594 on DEC 11, 2024
Upper Range: 103,537
Lower Range: 95,288
Bitcoin - Preparing For Another +200% Rally!Bitcoin ( BITSTAMP:BTCUSD ) is just starting a major bullrun:
Click chart above to see the detailed analysis👆🏻
Bitcoin rallied more than +40% in November and despite the recent bullrun and the all time high breakout, Bitcoin is just starting its next major bullish cycle. Looking at previous price and trend behaviour, it is quite likely that Bitcoin will eventually retest the top of the channel.
Levels to watch: $100.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
Shine bright like a diamondAfter the abrupt appearance of a downward pattern, a counterposition emerges: a new, massive symmetrical triangle! This should take us above 110K, forming a diamond(A) where the goal is to preserve the megaphone(B) effect and establish a new target within it.
BitcoinBTCUSD ( Bitcoin / U.S Dollar )
Bearish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves
Change of Characteristics
On the 4-hour timeframe, Bitcoin's On the 4-hour timeframe, Bitcoin's (BTC) current price of around $98,600 aligns with a potential short-selling setup targeting $92,000. Here's a breakdown:
1. Resistance: BTC faces selling pressure near $99,000-$100,000, a strong resistance zone established during its recent consolidation phase.
2. Momentum Indicators: Many technical signals indicate overbought conditions, suggesting a potential retracement.
3. Support: $92,000 represents a key support level, coinciding with previous buying interest and technical levels, making it a logical downside target.
This trade would align with a risk-off strategy in the current environment, provided the trend sustains its bearish bias. Ensure stop-loss levels are set just above the resistance zone (e.g., $100,200) to mitigate risk. BITSTAMP:BTCUSD
BITCOIN uptrendThis chart illustrates the BTC/USD price movement on a 30-minute timeframe. The analysis features several technical levels, patterns, and potential price projections. Here’s a detailed breakdown:
### **Key Features of the Chart:**
1. **Trendline Analysis:**
- A descending trendline is marked, connecting multiple lower highs (blue circles), indicating a bearish trend that has been broken recently.
- The price breaking above the trendline signals potential bullish momentum.
2. **Key Resistance Zones (Green):**
- **Resistance near $100,300 to $101,200:** This zone is highlighted as a significant resistance area, where previous price rejections occurred (yellow and blue circles).
- The price is approaching this resistance zone, which will test the strength of the current bullish momentum.
3. **Key Support Zones (Red and Yellow):**
- **Support near $98,000:** This is a critical support area, acting as the base for the recent upward move.
- **Support near $94,200 to $93,000:** This lower zone represents a potential fallback area if the price reverses from resistance.
4. **Projection (Black Arrow):**
- The chart anticipates a breakout above $98,900 with a potential move towards $101,200 if buying pressure sustains.
5. **Highlighted Levels:**
- **Critical Support at $95,920:** A blue horizontal line marks this level as a significant area to watch for any downside moves.
- **Key Resistance at $101,987:** This is the ultimate target zone for bullish continuation.
### **Technical Observations:**
- **Breakout Signal:** The price breaking the descending trendline is a bullish signal. Confirmation will depend on a close above the $98,900 zone.
- **Volume Spikes:** Areas of price rejection (blue circles) suggest high market activity, implying these zones are critical for future price action.
- **Bullish Continuation Scenario:**
- A sustained move above the $98,900 level will likely propel the price toward the $100,300-$101,200 resistance zone.
- Further confirmation would require breaking above $101,987.
- **Bearish Reversal Scenario:**
- If the price fails to maintain momentum and falls back below $98,000, the next support levels to watch are $95,920 and $94,200.
### **Trading Strategy Suggestions:**
- **For Bulls:**
- Enter long positions upon confirmation of a breakout above $98,900.
- Set profit targets at $100,300 and $101,200.
- Place stop-loss below $98,000 to manage risk.
- **For Bears:**
- Watch for rejection near the $100,300-$101,200 zone to consider short positions.
- Target support at $98,000 or lower.
- Stop-loss above $101,987.
This analysis suggests a critical decision point for BTC/USD, with the potential for a bullish breakout if resistance levels are cleared.
Bitcoin ConsolidatingThere is very little to see here. Bitcoin can correct as low as $74,000 with it being a non event. That would be in line with previous bull market corrections. I am NOT expecting that, to be clear, but Bitcoin consolidating in the 90Ks is nothing to be concerned about.
