BTC 15min Elliott-Wave AnalysisIm expecting BTC to surge higher the next hours.
The chart seemingly established the Wave(4). Should therefor have more potential to the upside and finish the 5th Wave.
BTCUSD.PM trade ideas
Bitcoin’s Meteoric Rise: Aiming for $150K by 2025In our analysis of Bitcoin, we believe the bottom was reached in November 2022. Since then, we’ve observed a significant upward trend. We expect this momentum to continue, with Bitcoin reaching between $120,000 and $150,000 by February 2025. After hitting these highs, we anticipate a substantial correction to follow.
FOREXX ENHANCED GANN SLOPE W/PULLBACK (DARKPOOL)Here’s a new piece of artwork using the Gann slope, which is signaling strong bullish momentum ahead. Dive into my Gann slope discussions to get the full picture! The Shark Fin ATR shows it's waiting for the big players to make their move, which could lead to a significant pump. My candle skew aligns with a 1-day timeframe, setting up a 3-bar countdown before we hit a pullback. The date range shows 2 bars because the count begins where the candle skew is located, indicating that Bitcoin is currently in a pullback phase, setting up for an upward curve. My moving averages work like pivot points, aligning perfectly with the Gann horizontal key level through my pivot detector.
2 BULLISH FULL MOONSHere we have the 2 bullish full moons on a 23HR TF. They have massive power. Here is the evidence.
Three LOWER-LOWS mean we will have a BULL RUN soon accompanied by BULLISH FULL MOONS with 1 and 2 weekly timeframes pullback signals.
HolderStat | BTC volatility amid the US electionWhile analyzing 100 million bitcoin wallets, we formed an index reflecting their sentiment.
The current values are at 62 points, and over the last week, 89% of transactions were for sale.
This market sentiment indicates that in the long term, traders continue to expect growth and are willing to take big risks, but due to the upcoming US elections, they are preparing for increased volatility and a possible correction.
When to Book Profits in Bitcoin?Bitcoin technical analysis update
Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI reaches the 89-90 range on the monthly chart, it’s typically a good time to start booking profits. Currently, the RSI is at 63, suggesting there is still room for a price increase in the coming months.
Regards
Hexa
Bitcoin’s Path to $125KHere’s how I see the potential move to $125K for Bitcoin:
Looking at the chart, I can clearly identify a Cup and Handle formation. The cup has formed over a long period, starting from the peak around $69K in 2021, through the decline in 2022, and now with the recovery bringing us back to the current levels around $70K. The rounded bottom of the cup is a textbook example of this pattern.
For the handle, I’m anticipating a bit of consolidation or a minor pullback in the near term, which would complete the pattern. This is typical after a significant rise, as it allows the market to cool off before the next leg up. The critical point will be the breakout above the resistance level, which I see around $70K to $75K.
Breakout Potential: Once we break through the $70K-$75K resistance, I expect a strong upward move. This breakout would confirm the Cup and Handle pattern, and from there, we could see a significant rally.
Target: Based on the depth of the cup (roughly GETTEX:54K from the peak at $69K down to the bottom near $15K), I’m projecting that once we break out, the price could climb to $125K. Adding that GETTEX:54K depth to the breakout point around $70K gives us this target.
How It Might Play Out:
Step 1: I see the price breaking through the $70K-$75K resistance, possibly after a brief consolidation period forming the handle.
Step 2: Following the breakout, I expect a steady rally, supported by increasing momentum and volume. If we see strong buying pressure, this move could accelerate quickly.
Step 3: As we approach $125K, there might be periods of consolidation or even pullbacks, but the overall trend should remain bullish.
Key Levels to Watch:
Resistance: $70K-$75K is the key level we need to break. If the price pushes through with strong volume, it will likely confirm the bullish breakout.
Support: If there’s a pullback, I’d be watching for support around GETTEX:64K , which has previously acted as resistance and could now provide a strong base.
I’m optimistic about this setup, and as long as we see continued bullish sentiment and strong momentum, I believe Bitcoin has a solid chance of reaching $125K in the next major move. I’ll be keeping a close eye on volume and momentum indicators like RSI and MACD to confirm the strength of this trend.
Write your thoughts in the comments.
BTC/USD Trade Setup: False Breakout and Impulsive As the price approached the lower zone on the 4H chart, we switched to the 1H timeframe, where we looked for a buy opportunity after a false breakout. Our target was set at the open level, but after an impulsive bullish candle, we exited the trade with a 1:2 risk-reward ratio.
Bitcoin: Another FakeoutBitcoin has once again surprised traders with another fakeout. Recently, it has resumed following the established trendline after experiencing some volatility. On the 4-hour chart, there was a minor resistance level positioned at the 69000 dollar mark. Remarkably, Bitcoin has managed to break through this resistance. It's important now to monitor whether it can maintain its price above this level for a sustained period, as this will confirm a potential upward trend. Let's keep an eye on its performance to see if it can solidify its position.
Mt. Gox Moves $2.2 Billion in Bitcoin Amid Repayment DelaysMt. Gox, the once-dominant but now-defunct Bitcoin exchange, made waves by transferring 32,371 CRYPTOCAP:BTC —valued at approximately $2.2 billion—to unmarked wallets. The timing of these movements is critical, given the already volatile landscape surrounding Bitcoin and ongoing uncertainties related to the upcoming U.S. presidential election.
Mt. Gox Transfers 32,371 BTC to Unmarked Wallets
Blockchain analytics firm Arkham reports that Mt. Gox has executed a massive transaction, moving 32,371 BTC to two unidentified wallet addresses. This event stands as the largest transfer from Mt. Gox in recent months. Specifically, 30,371 BTC went to a wallet labeled “1FG2C…Rveoy,” while the remaining 2,000 BTC was directed to a separate wallet named “1Jbez…LAPs6.” Additionally, an internal movement of 2,000 BTC between cold wallets suggests ongoing asset reorganization, likely in preparation for creditor repayments.
This is not the first time that Mt. Gox has moved funds, as smaller transfers were observed last week. However, this latest transfer's scale has piqued market watchers' interest, sparking questions about its timing and the potential impact on the Bitcoin market.
Repayment Delays Extended to 2025
The transfer comes on the heels of Mt. Gox announcing a delay in its repayment schedule. Initially set for October 31, 2024, the deadline has been postponed to October 31, 2025, following approval by a Japanese court. This extension gives the Mt. Gox Rehabilitation Trustee more time to sort out repayment plans, which many investors see as a temporary relief. However, there is lingering concern about the eventual release of a large volume of Bitcoin into the market, which could exert significant downward pressure on CRYPTOCAP:BTC prices if creditors decide to sell their holdings en masse.
Market analysts are wary of how these delays and large-scale transfers could impact the broader cryptocurrency ecosystem, especially as repayment announcements from Mt. Gox have historically triggered market volatility.
Market Reaction and Election Uncertainty
The market's response to Mt. Gox's Bitcoin movements has been mixed. Some investors fear that the impending distribution to creditors could lead to substantial sell-offs, pressuring Bitcoin's price downward. These concerns come amid broader geopolitical and economic uncertainty, compounded by fluctuations in the U.S. presidential race.
Bitcoin’s price has already experienced a 7% dip last week, largely attributed to uncertainties surrounding the U.S. election. Speculation is rife about potential regulatory changes, with some traders anxious about a Kamala Harris presidency, given her largely undefined stance on cryptocurrencies. Conversely, a more crypto-friendly administration could spur optimism among investors.
Technical Outlook
Despite these concerns, Bitcoin ( CRYPTOCAP:BTC ) has shown signs of resilience. As of now, BTC is trading up 1.53%, with an RSI of 54.82, signaling moderate bullish momentum. The daily price chart also indicates a bullish engulfing pattern forming, which is often a precursor to upward movement. Furthermore, a golden cross—a bullish technical signal where the 50-day moving average crosses above the 200-day moving average—is slowly materializing.
Bitcoin’s immediate support lies between the $64,000 to $65,000 pivot range, and a short-term correction could be on the horizon. However, we are eyeing a potential surge to $75,000, with optimistic projections even stretching to $100,000, assuming bullish catalysts materialize. These factors include institutional inflows, market sentiment shifts, and broader acceptance of Bitcoin as a store of value amid economic uncertainty.
What Lies Ahead
Bitcoin’s trajectory is shaped by both macroeconomic elements and crypto-specific news. The Mt. Gox repayment delay has provided a reprieve, albeit temporary, preventing a massive influx of CRYPTOCAP:BTC into the market. Additionally, geopolitical events, such as the U.S. presidential election and looming concerns about regulatory shifts, add layers of complexity to Bitcoin’s outlook.
Investors should also consider Bitcoin’s role as a hedge against inflation and geopolitical instability. As traditional markets brace for election-related volatility, Bitcoin’s status as "digital gold" may attract more attention, driving up prices. However, this is contingent upon market sentiment remaining favorable and no significant sell-off events—such as a large-scale release from Mt. Gox creditors—materializing.
Conclusion
Bitcoin’s road ahead is fraught with both challenges and opportunities. The Mt. Gox transfers and repayment delays have introduced another layer of complexity, while the upcoming U.S. presidential election adds to the uncertainty. Yet, technical indicators suggest that a bullish trend could be on the horizon, provided the market can weather short-term corrections and external shocks.
As always, the crypto landscape is ever-changing, requiring both patience and mental fortitude from investors. The coming weeks will be pivotal in determining Bitcoin’s trajectory, and all eyes will be on key resistance and support levels as the market digests these developments
BTCUSD may resume its upward trendOn the daily chart, BTCUSD stabilized after falling back to the previous demand zone, and there is a rebound demand in the short-term market. At present, attention can be paid to the resistance near 70,000. If it breaks through, it is expected to continue to rise. The upper resistance is around 73,600. If it breaks through, it will open up space for upward movement. If the price falls below the support near 65,000, a downward trend will begin.
Bitcoin Breaks the Trendline: Breakout or Just Another Fakeout.?Bitcoin has once again breached its established trendline, raising the question of whether this is a legitimate breakout or just another false movement, akin to previous instances. At this juncture, Bitcoin could take two potential paths. For a significant downward shift to occur, Bitcoin must break through a critical support level of 66000 dollars. If this level is compromised, it may indicate a sustained downward trend.
It's also important to note that upcoming events, such as the US elections, could have a substantial impact on market dynamics. Therefore, exercising caution and conducting thorough analysis before making any investment decisions is highly advisable.
#btcusd #BTC #elliottwave long buy setup wave 5 2Nov24This 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.
#BTC URGENT UPDATE:- 66k or $71.3k?That’s a tough doji there. The breakout was impressive, but sellers stepped in, and volume has dropped in the high 70k range.
There's a liquidity zone around $66,300, which also aligns with a lower support level.
Price may consolidate around this level, giving altcoins room for a short-term rally on Monday and Tuesday.
Unless we break that $71378 in htf and ltf , these pumps can fail to sustain.
With US election week ahead, expect market indecision. Play it safe, if you’re new to the market, it’s best to avoid futures trades this week.
Wait for the event to pass if you value your capital.
dyor, nfa.
That's all for now.
Cheers
Do hit the like button if you like it and sharer your views in the comment section.
Thank you
#PEACE
Yes, Bitcoin can also do this - next move to watch out1️⃣ Bitcoin is retracing to its 60-day low, giving risk-takers a chance to enter the market’s next leg up right now 🪙.
No rush, wait patiently.
So, are we going to go up in November?
It all depends on the next 10 days. If Bitcoin can hold above $65,000–$66,000 while the 3-day indicator resets, it’ll be a prime opportunity to re-enter the market. If Bitcoin fails to hold that level, we may need to wait for the 1-week (red line) indicator to reset instead.
📈 Bitcoin has rallied 34% from September to November, hitting overbought on all cycle indicators. Just like in 2021 , the 2-week cycle (light blue line at the bottom) indicates mid-term growth, while other indicators are beginning to retrace. 🔄
📉 If history repeats (and it might), the ideal re-entry will be when the 3-day indicator (violet line) dips below 20.
Let’s stop gambling and start making sustainable money in crypto.
BITCOIN (BTCUSD): Bull Run Continues ₿
I strongly believe that Bitcoin will continue growing
after a release of the US fundamentals today.
My technical confirmations are a test of a key daily support
and a consequent formation of a double bottom pattern.
Goals: 71260 / 72350
❤️Please, support my work with like, thank you!❤️
The One&Only BTCUSD update price fractal V-shape recovery 74 000🔸Hello traders, today let's review 4 hour price chart for BTCUSD . This is
no-nonsense update with no MACD, no RSI, no fibonacci, no elliott waves
on the price chart. Just pure price action with logical price targets based
on recent price history of the BTCUSD.
🔸On the right we got two major recent V-shape recovery price fractals
in BTCUSD, the latest was in September 2024, high at 64 300 then low
was printed at 54 146 after 17% pullback. Then low to new high at 66 114
completed the V-shape recovery sequence for a 23% gain off the lows.
🔸Other V-shape recovery also started off with the high near 72 994
then 17% pullback and low was printed at 61 919, so this was a 16% pullback
off the highs. Then the low to new high at 72 520 completed the V-shape
recovery sequence for a 19% gain off the lows. This was in March 2024.
🔸On the left, the current market situation high was set at 72 680
expecting a low at/near 61 969, so this is a 16% pullback off the highs.
Then to complete the V-shape recovery price will pump 20/21% off the lows
resulting in new high printed at/near 74 600 usd to complete the
V-shape recovery sequence.
🔸Recommended strategy bulls: wait for pullback to complete near 62 000 usd and enter BUY/HOLD trade with price target set at/near 74 000 USD.
for a total of 20% unleveraged gains with low risk. good luck traders!
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Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
BTCUSD: Breaking above the Cup pattern and turning parabolic to Bitcoin just turned bullish on its 1W technical outlook (RSI = 58.731, MACD = 2509.900, ADX = 22.826) as it touched this week the ATH of March. Every Cycle has traded inside a Cup pattern and when the ATH top broke, the price turned parabolic. The last Cycle Top was priced on the 1.618 Fib and the one before on the 2.382 Fib. Consequently the worst case scenario for the top of this Cycle is 175,000.
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SPY/QQQ Plan Your Trade For Nov 1: CRUSH PatternToday's CRUSH pattern suggests the markets may experience a very large and violent price move - likely downward.
My experience with CRUSH patterns is they are often related to the dominant trend on the Daily chart and seeing as though we are in the midst of a fairly solid rally phase (recent higher highs on almost all charts), I believe this CRUSH pattern will resolve to the downside.
Many of you know I've been predicting a very strong pullback leading into the US elections, and yesterday, we saw what may have been the start of that pullback.
Today's CRUSH pattern could carry us into very strong market selling into the end of trading today and I believe traders should have already moved assets away from the current risks in the markets.
It seems as though almost every market I review has moved into an Excess Phase Peak pattern over the past 2-3+ days.
Today, I'm looking for Gold & Silver to attempt a breakdown away from the Phase #3 consolidation of the Excess Phase Peak pattern. BTCUSD is set up almost exactly the same - looking for a breakdown.
The SPY/QQQ are moving into that consolidation phase and looking for that breakdown in price.
It's almost as if the markets are reacting to some pending event that drives uncertainty.. THE ELECTION.
Smart traders (skilled intraday traders) should be able to pull off some really great trades throughout the day. Smart Swing traders are waiting for the base/bottom (Ultimate low) and are looking to move into CALL OPTION trades as a hedge related to a post-election rally phase.
If you missed all of this over the past few weeks, today is nothing more than a panic reaction to risks. The markets will settle after the election and will likely move back into a solid bullish price trend after Nov10th or so.
Buckle up - this could be a wild day.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Bitcoin Faces Uncertainty Amid Mt. Gox BTC TransferMt. Gox BTC Movement Raises Concerns
Bitcoin ( CRYPTOCAP:BTC ) markets were rattled by news on November 1 that $35 million worth of Bitcoin ( CRYPTOCAP:BTC ) associated with the infamous Mt. Gox exchange had been transferred to unmarked addresses. Blockchain intelligence firm Arkham disclosed that the defunct exchange moved a total of 500 CRYPTOCAP:BTC , split into two transactions of 31.78 BTC and 468.24 BTC. This transfer is notable as it marks the first significant movement from Mt. Gox-associated wallets in over a month.
Currently, approximately 44,905 BTC, worth around $3.1 billion, remains in wallets flagged as Mt. Gox-associated, adding to market anxieties about a potential liquidation. The broader context deepens concerns: in early August, Mt. Gox moved 12,000 CRYPTOCAP:BTC worth $700 million, a signal that the pace of transfers is quickening.
The repayment process for Mt. Gox creditors has been fraught with complications. In an official statement earlier this month, Mt. Gox extended the deadline for repayments by another year, pushing it to October 31, 2025. The delay is attributed to “system issues” and unresolved procedural steps by rehabilitation creditors, with the trustee even acknowledging incidents of double payments that required refunds. As these issues unfold, market participants remain wary of the potential impact of Mt. Gox-related liquidations on Bitcoin's price.
Historical Context and Broader Market Fears
Mt. Gox was one of the world’s first and largest Bitcoin exchanges, responsible for handling 70% of global BTC transactions at its peak before a series of hacks led to its infamous collapse in 2014. Since then, the repayment of creditors has been a lingering issue, casting a shadow over the market. The prospect of sudden, large-scale Bitcoin sales tied to Mt. Gox funds creates a cloud of uncertainty that traders and investors have come to dread.
Technical Analysis
From a technical standpoint, Bitcoin’s recent rally to $73,600 between October 26 and October 29 brought it within a hair’s breadth of its all-time high of $73,808. This surge, representing a 10% increase over just a few days, was followed by a sharp 5.5% correction. As of early trading on November 1, Bitcoin ( CRYPTOCAP:BTC ) fell below $69,000, but this pullback commenced hours before the news of the Mt. Gox transfer, suggesting that broader market forces were already at play.
Currently, Bitcoin ( CRYPTOCAP:BTC ) is attempting to stabilize, trading at $68,000 to $69,000, with its RSI (Relative Strength Index) reading at 56. Indicating that CRYPTOCAP:BTC is maintaining support at the $70,000 level, albeit tentatively. The RSI suggests that selling pressure could persist, threatening a drop to the $65,000 support level if bulls fail to regain control. Conversely, if Bitcoin ( CRYPTOCAP:BTC ) can hold above the $70,000 mark and selling pressure subsides, it may pave the way for a more robust rally.
Overheated Market Conditions
Market sentiment data adds another layer of complexity. According to CryptoQuant, over 99% of Bitcoin’s supply was in profit when the asset traded at $72,323 on October 31. Such an elevated level of profitability indicates potential overheating, as more investors might be tempted to lock in gains, adding downward pressure on prices. Profit-taking could exacerbate the current correction, with key support zones under threat.
Outlook: The Road Ahead
The immediate future for Bitcoin remains a tug-of-war between bullish and bearish forces. The $73,000 mark serves as a pivotal point, acting either as a short-term resistance or the springboard for a new leg higher. Should Bitcoin break above this level convincingly, we could see fresh all-time highs, with projections ranging from $90,000 to $100,000. Such a move might be catalyzed by major market events, such as the upcoming U.S. presidential election.
However, a failure to defend the $70,000 support could invite a steeper correction toward $65,000. Traders should watch for renewed selling pressure, particularly if profit-taking intensifies or if further Mt. Gox-related news emerges. The interplay of technical indicators, fundamental developments, and market sentiment will likely dictate Bitcoin’s direction in the weeks ahead.
Conclusion
Bitcoin's market remains on edge as concerns over Mt. Gox fund movements and the potential for profit-taking weigh heavily. The coming days will be crucial in determining whether Bitcoin can weather this storm or if a deeper correction is imminent. As always, traders and investors must stay vigilant, keeping a close eye on key support and resistance levels.
BTCUSDBINANCE:BTCUSDT
As we can see, there’s a supply zone where the price has been rejected multiple times.
This is a strong liquidation and selling area.
If we get a daily candle close above this supply zone between 72,000$ and 73,000$ we’re likely heading for a new HH around 84,000$ maybe even higher.
Trade carefully.
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love you traders
COULD BITCOIN CRASH -60%? (October 31, 2024)A nice video overview going over the potential of bitcoin correcting 60% and repeating this fractal pattern, which we saw back in the March 2020 crash
