4H BTC IDEAHello my view on btc on 4h Frame showing weakness if we could not break 68200 Soon we will directly go to 62500 or less Safe your trade alt's will follow for sure by emadfarg201120Published 2
Bitcoin Breaking Out of a 220-Day Broadening WedgeBTCUSDT technical analysis update Bitcoin has been forming a broadening wedge pattern over the past 220 days, indicating increased volatility and indecision near its previous all-time highs. Recently, BTC has been moving towards the wedge’s upper resistance line around $68K, signaling a potential bullish breakout. If confirmed, this breakout could lead to a strong upward move, with targets in the $90K-$100K range. Additionally, around $60K, the 100 and 200 EMAs are acting as strong support levels for BTC. Regards HexaLongby HexaTradesPublished 15
BTCUSDT IN BEARISH MARKETHi there, BTC is making lower highs, continuing a bearish trend. I made this simple SND setup where the price needs to break below the range of 61,370.41 - 60,981.62 in order to drop towards support at 57,707.62. If it breaks the support line then the price might be attracted to reach demand zone. Monitoring will be required. Happy Trading, K.Shortby KhiweUpdated 5
BTC Daily Chart Analysis with ELLIOT WAVE/FIBONACCI/ICTCurrently waiting for pullback. Let's see... Confluences: - 1D Market Structure Shift - 1D Sell Side Liquidity swept - 4H Fair Value Gap - 1D Bullish Order Block - Fair Value Gap and Order Block within Golden zone of Fibonacci We will see a pullback before it pumps again via WAVE 3Longby cbcayabyab20Published 1
MASSIVE BULLISH CHANNEL SPOTED ON BTC- NEW ATH SOOOOOONBitcoin has created a bullish channel and consolidated 230 days. Soon, we will see a breakout. I am expecting it will hit TP-1 73500$ and TP-2 89455$ (ATH), which is around a 15% and 40% move, respectively. Advice: DO NOT GO FOR ANY ALTS THEY WILL BLEED HARD STAY IN BTC ONLY Longby ThewinxtraderPublished 6
Bitcoin strong bullish Double conformation given #btcusdt Strong bullish Real bullrun begins Longby jaypee4allPublished 5
BTC bullBulls are back in town. On the daily chart BTC already has a close above the resistance. The weekly close will seal the deal.Longby PC2002VIPPublished 111
BTC Chart - Bullish / Bearish in short termBTC chart looks confusing one right now. I am super bullish in next 2-3 months. However, there are two scenarios which I would like to share with you all here could play out in short term. Scenario 1: BTC breaks down one more time from this diagonal resistance and daily 200 EMA, and get the liquidity from 50k-52k zone before moving back up. Scenario 2: BTC breaks out from this daily downward resistance, test or break the 64K zone and go back to test the 72k zone again. We need a good positive news like ETH ETF launch and institutions inflows etc. in order to go from this zone. Otherwise, we are going to test the lows first before going back up. Would love to hear other traders opinions and thoughts...Shortby smwajeehUpdated 334
Bitcoin's Price Movement: Rallying Towards $70,000 or ReboundinBitcoin's price movement is characterized by volatility, with the cryptocurrency recently pushing towards the $70,000 mark. Key factors driving this momentum include increased institutional investment, particularly through Bitcoin exchange-traded funds (ETFs), which saw substantial inflows recently. Additionally, broader market trends, such as positive sentiment surrounding the US economy and speculation about the upcoming presidential election, are fueling investor interest. However, resistance levels near $70,000 could prompt profit-taking from short-term traders, risking a drop back to support at around $61,000. If this level fails to hold, it may indicate weakened bullish sentiment and trigger further selling pressure. Thus, Bitcoin's future trajectory hinges on market sentiment, macroeconomic factors, and traders' reactions to these key price levels.Shortby SaksArnoPublished 223
IF BTC BREAK 70K RESISTANCE WE CAN SEE IT IN 90K TO 130Kwhen BINANCE:BTCUSDT is approaching key resistance levels like $70,000, it signals an important moment in the market. Bitcoin historically follows patterns where breaking such significant resistance points can lead to rapid price appreciation. In this case, if BTC successfully breaks the $70K barrier, we could realistically see it climb towards $90K or even $130K. This is based on technical analysis principles, where patterns like symmetrical triangles or ABCD formations—visible in your chart—indicate bullish continuation. A breakout of this kind would trigger more buying pressure as traders and investors look to capitalize on momentum. It's also important to consider external factors, such as institutional interest, macroeconomic trends, and Bitcoin’s historical behavior, which often sees sharp upward movements after breaking critical levels. However, it’s essential to stay cautious. While the technical setup is promising, external risks such as regulatory developments or global financial shifts could impact this trajectory. Managing risk and keeping an eye on key support and resistance zones should always be part of the strategy. In summary, if Bitcoin crosses $70K, the door opens for significant gains, potentially hitting $90K to $130K, but as always, approach with caution and stay informed.Longby Mr_ALi_Published 112
Fibo & trend line & geopoliticBitcoin price has hit trendline and Fibonacci resistance s&p is at its highest prices Bitcoin's dominance is very high, and on the other hand, altcoins do not grow much, and the reason for the growth of bitcoin's price is the inflow of money from altcoins, and no money has entered from outside the cryptocurrency system. Dominance Tether is on strong support It is very likely that Bitcoin will fall Fibonacci levels can be viewed as targets Most importantly, the geopolitical situation in the world is not good and there are many wars going onShortby Sadraleysi02Published 6
The price target of Bitcoin is $130,000Cup and handle patterns can be seen in the Bitcoin chart and in the weekly time frame According to this pattern, we can guess the price target of 130 thousand dollars. Of course, provided that the handle line is cut upwards, which is highly likely I hope traders don't forget the stop lossLongby abintraoPublished 4
BTC UpdateIn the weekly chart, the candle looks exhausted and becoming weak. We need more good news to break 70k or we can go back to 65kby BitcoinForecastPublished 220
BTC UpdateThe top resistance is broken giving us a clear signal for 72k around. If all is in favor we can see 72+ anytime soon.by BitcoinForecastPublished 2
Critical Level for BTCBTC reach the upper boundary of the Trendline. Judging by the momentum, it is currently bullish. If it managed top break the previous day high and therefore the trendline and close today above it, it might send it flying. If it doesn't manage to close above the previous daily close, it will go into consolidation or even worse, go tumbling down. Today's close is very critical for the future. Let's wait and see ! by Eliebf13Published 225
Bitcoin about to explode?Hello traders! Edward here. Overall, Bitcoin has just made a big move, breaking out of the falling wedge and the price is reacting around the 34 EMA which usually defines our potential bullish outlook. With strong support at $62,000, this is a great opportunity to buy. Manage your risk with a stop loss at $61,500!Longby Edward_FibonacciUpdated 11
BTCUSDT: Cup With Handle Breakout Pattern, Next Target $70,000Hello TradingView traders! Today, we are going to analyze an extremely attractive setup on the 4-hour BTCUSDT chart. Looking at the chart, we can see that BTC is in a clear uptrend after breaking the strong resistance at $66,000. This is an important level that has been tested many times in the past and was finally broken with impressive momentum without any significant reversal signs. The support at $66,000 is now acting as a key support point, providing a solid foundation for the next rally. Interestingly, BTC is creating a complete cup with handle pattern - an extremely strong pattern that shows continued bullish signals in the medium to long term. Today's trading strategy will be to buy at $66,000, wait for a correction to the support level and then enter the order with the expectation that the price will continue to rise. Manage your capital carefully and wish you successful trading!Longby Edward_FibonacciUpdated 7
Bitcoin and altcoin overview (October 16-17)Yesterday, Bitcoin experienced increased volatility. We consolidated above the important volume level of $66,000, completely filled the selling zone of $66,500-$68,200 (volume zone), and immediately fell back. At the moment, we expect the upward movement to continue. Several factors support this scenario: absorption of sales by delta and a repeated reaction at the $66,000 mark, where we formed a new support zone of $66,000-$65,100. If we consolidate below this zone, a trend change to downward is likely. Buying zones: $66,000-$65,100 (volume reaction), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone). Selling zones: $70,000 level (seller's market activity), $72,000 level (seller's market activity). Interesting altcoins. For MEME , the main volumes are distributed in the zone of $0.0144-$0.015. When testing this zone and seeing a reaction, we open a short position. by Crypto_roboticsPublished 1
Long trade Sun 13th Oct 24 Reason: Support level and POI reached 2.14 pm (NY time) NY Session PM Pair BTCUSD Buyside trade Entry 62415.41 Profit level 63254.14 (1.34%) Stop level 62338.08 (0.12%) RR 10.85Longby davidjulien369Updated 1
Bitcoin Market Outlook Elliot Wave Theory (W42/2024) // AlgoFyreThe market shows a bullish scenario with potential for an impulse wave up after a correction, possibly surpassing the all-time high post-election. However, two bearish scenarios suggest a major drop to 20K in the long term, highlighting significant downside risk. 🟢 Short-Term Outlook (Next Few Weeks to Months) - Bullish Scenario 🔸 Leading Diagonal (Green) Complete : The green lines on the chart represent the completion of the leading diagonal, which is the first wave of a larger impulse (wave 1). Leading diagonals often occur in the first wave of a new trend, indicating that a bullish trend is beginning. This is particularly important because it sets the foundation for a stronger upward movement that could follow after a corrective phase. 🔸 Corrective Phase (Red ABC) : After completing the first wave, we are now expecting a corrective structure. The red lines represent a potential ABC correction, a typical 3-wave corrective pattern in Elliott Wave theory. This correction could retrace some of the gains made in the leading diagonal, potentially finding support near key Fibonacci retracement levels (like the 0.25, 0.5, or 0.75 levels) drawn in orange on the chart. 🔸 Timing Around the US Election : The chart indicates that this ABC correction may take place leading into the US election, which is often a period of increased market uncertainty and volatility. It seems that the correction is expected to conclude before or around this event, setting the stage for the next major move. 🔸 Bullish Impulse (Wave 3) : After the correction, the chart projects a strong bullish impulse (the large green arrow), which would be the beginning of wave 3. In Elliott Wave theory, wave 3 is typically the most powerful and extended wave in an impulsive structure, often leading to significant gains. The breakout above previous highs around the 67,000-68,000 level (marked by the green wave 5 in the diagonal) would confirm the start of this impulsive wave, which could target much higher levels, possibly into the 70,000+ range. 🔸 Bullish Summary (TLDR): The leading diagonal in green (wave 1) suggests that a new bullish cycle is underway. We are currently expecting a 3-wave corrective move (ABC) before the next leg up. The correction could end around key Fibonacci levels, potentially coinciding with the US election. After the correction, a powerful wave 3 impulse is expected, likely driving prices significantly higher. 🔴 Short-Term Outlook (Next Few Weeks to Months) - Bearish Scenario 🔸 Bigger ABC Correction : The market is in the midst of a larger corrective pattern. The current movement is within the B-wave of this ABC structure. 🔸 Flat Pattern for B-Wave : The B-wave is forming a flat correction, which typically indicates a sideways consolidation with a final leg up before a downward movement. 🔸 C-Wave to 52K Area : After completing the B-wave, we expect a C-wave to the downside, targeting around the 52K level. This drop represents the completion of the B-wave within the larger ABC pattern. 🔸 Larger C-Wave Up : Following this drop, the final C-wave to the upside is projected. While this wave could potentially retest or even exceed the all-time high (ATH), it's not guaranteed. The key idea is that a significant rally is expected after the corrective B-wave down. 🔸 Major Downtrend Next Year : After this anticipated rally, a substantial downtrend is expected in the following year, potentially driving the price down to 20K or lower. 🔸 Bearish Summary (TLDR): Completing a B-wave flat correction within a larger ABC structure. Expecting a C-wave down to around 52K before a potential larger rally. After the larger C-wave up, a significant decline is expected, leading to 20K or lower in the following year. 🔴 Mid-Term Outlook (Next Few Months to Year) - Bearish Scenario 🔸 Leading Diagonal Completed (Red) : The red structure shows the formation of a large leading diagonal to the downside, suggesting that a strong downtrend has already been established. 🔸 Corrective ABC (Green) : After the diagonal, a corrective ABC pattern has formed. This correction has reached the 0.786 Fibonacci retracement level, which is a common level for corrections to complete before resuming the primary trend. 🔸 Major Move to the Downside : Following the completion of this corrective phase, the chart is signaling the beginning of a significant bearish move, potentially leading to a price target near the 20K level. This aligns with the broader bearish outlook. 🔸 Bearish Summary (TLDR): Finished a leading diagonal to the downside, followed by a corrective ABC pattern. Correction reached the 0.786 Fibonacci retracement level. Expecting a major bearish move from this point, with a potential target of 20K. 🔶 Key Takeaway The market presents both bullish and bearish possibilities. The bullish scenario suggests that after a leading diagonal (wave 1) completes, a short-term ABC correction will occur, followed by a powerful wave 3 impulse to the upside, potentially pushing prices beyond the all-time high after the US election. On the other hand, the bearish scenarios indicate a significant downturn: one expects a C-wave drop to around 52K before a larger rally, followed by a steep decline to 20K or lower next year, while the other points to a completed leading diagonal with a corrective ABC reaching the 0.786 Fibonacci level, signaling the start of a major move down to 20K. Despite the potential short-term upside, both bearish scenarios ultimately point to a substantial long-term decline. by AlgoFyrePublished 3
BTC/USDT Analysis Update!Bitcoin is currently consolidating within an ascending triangle pattern, indicating potential bullish momentum. The price action suggests an attempt to break a crucial horizontal supply zone, which could act as a crucial hurdle for further gains. The formation of an ascending triangle is typically a bullish continuation pattern, indicating the possibility of an upside breakout. Bitcoin is testing a crucial supply zone, where sellers have been active previously. A decisive breakout above this zone would confirm the bullish trend. Consider a long position on a confirmed breakout above the supply zone with strong volumes. A stop-loss can be placed just below the lower boundary of the ascending triangle to manage risk. Look for potential profit targets around the next resistance levels or key psychological levels. This setup needs to be monitored closely as market volatility could increase in the coming days. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdminby CryptoSanders9563Published 5
BTCUSDT New position updated it’s going down till 53712 but if break 53712 then it just falling down till 49410 The stock market is highly volatile. Please be very careful with your investments.Shortby FXJ777Published 9