Long

Bitcoin Awaits Bullish Confirmation: Defining The Levels

Updated

We are waiting for confirmation based on the weekly timeframe. Let's define our levels.

Once Bitcoin closes weekly above $75,000, we are in the bullish zone and the bullish bias is confirmed. Once resistance levels all turn support. On a retrace, the following support levels will be the main levels to either maintain or negate a bullish bias:

1) $74,000 —March 2024 high.
2) $70,000 —Psychological level and 29-July High.
3) The $64,000 — $69,000 price range. 2021 All-Time High prices & MA200 daily.

This will be our main levels once a bullish confirmation is in.

➖ If Bitcoin ends up reversing and moves back below resistance like last week and the bull-trap is confirmed, we look for lower lows.

➖ If Bitcoin closes above resistance and former resistance turns support, we look for these levels as support to maintain a bullish bias.

We will make a clean transition.

Makes sense?

This is technical analysis made easy.

Thank you for reading.
Your support is truly appreciated.

Namaste.

Note

Even if Bitcoin fails to close this week above 75K, these level will still be valid into the future and long-term. Once above 75K, these can be used to support/define a bullish bias or to negate it. Negation below, confirmation above.

Thanks a lot for your continued support.

Note

I am receiving unlimited pressure to say and post that Bitcoin is bullish and going to 100K. I already closed the SHORT and put it on the title but it is not about what I say, we follow the numbers.

The actions of these people, can be taken as a signal... Patience is key is all I say.

Pressure to be bullish at the top, pretty insane.

Bearish at the top. Bearish at resistance. Bullish at support.

Don't give up. Their desperation is a sign that something is off.

In November 2022 Bitcoin hit bottom in the latter part of the month.
In November 2018, it started around the 9th, intensified on the 14th and ended in December.
Market conditions are different now, but stay alert.

We will wait for the weekly and monthly timeframes as confirmation, we have the whole of 2025 to be bullish, there is no hurry, we can wait as long as it is needed. Toxic manipulating whales, stay away!

If you are desperate, you can buy Cardano or any pair that is trading at bottom prices. Stay away from those trading at new All-Time Highs, these are not the right levels, nor the right price nor time to buy.

Namaste.

Note

It is confirmed... It will be closing bullish.

New update on Monday.

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,000,004,294 USD) minted at Tether Treasury

Note

Another billion yesterday and this one below from 6-November:

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 2,000,000,000 #USDT (1,998,650,000 USD) minted at Tether Treasury

Trade active

Bitcoin weekly closed at $80,370, wayyyyy above $75,000.

👉 Congratulations to all bulls and to all those that were bullish all this time. You are amazing. You are the best and you were right all along.

Any retrace or correction is a sure opportunity to buy.
Ultra-bullish confirmation. The levels mentioned above are the main levels and we are bullish long-term.

We are bullish until late 2025 or 2026 or until the market and chart says.

Whenever Bitcoin is trading above $64,000 and $69,000/$70,000, the market is ultra-bullish.
If it moves below $64,000, the bearish bias can be reconsidered; it can never be considered above. That is because 64K and 69K are the highs hit in 2021.

Namaste.

Note

Looks like Elon Musk is the one buying Bitcoin. Because mainly Bitcoin and Dogecoin are rising...

AlanSantana

🔥 PREMIUM Trade-Numbers (6-In-1 Offer Live!)
lamatrades.com (Since 2017)

🔝 Daily Cryptocurrency Technical Analysis
followalan.com

🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com

Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.