Wave III is probably too largeHey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Preamble:
Several months ago when I said "stand-pat" I said it for a purpose and my purpose is right here now,
(all targets have been achieved)
The market is trying to tell us something!
As shown on this chart, Wave III is a fairly clear five (BTC is completing the fifth wave ((5)) of the third leg III of a 5-wave rally )
The Grand Super cycle from 2019 :
Wave ((3)) > 161.8% of wave ((1))
Wave ((5)) > 261.8% of wave ((1)) ----> Wave III is probably too large!
As a result, wave III is still not complete!
So
there's only one thing to do!
Appendix:
Further updates to follow 👇
#btclong
#BTC/USDT Analysis Update Bitcoin is consolidating within an ascending triangle, a classic bullish continuation pattern.
BTC is respecting the ascending trendline as support.
Horizontal resistance is forming around $93,000, acting as a breakout level.
The price currently trades above the Ichimoku Cloud, indicating underlying bullish momentum.
The cloud acts as dynamic support, reinforcing the possibility of an upside breakout.
Decreasing volume during consolidation indicates preparation for a significant move.
Watch for a volume spike on the breakout.
The RSI is in a healthy range and is moving upwards.
The MACD shows the possibility of a bullish cross, indicating upward momentum.
Resistance Zone: $93,000 – $93,500 (Breakout Level)
Support Trendline: $89,000 – $90,000 (Triangle Base)
A close above $93,500 confirms the breakout.
Possible Upside Targets: $95,000, $98,000, and $100,000.
A drop below $89,000 could signal bearish momentum.
Downside Targets: $87,000 and $85,000.
BTC is building momentum and could break out of the triangle soon. A breakout above $93,000 with rising volume would confirm bullish dominance. Stay alert and prepare for confirmation! 🚀
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_CSAdmin
Chart Idea - BTC BULL FLAGBTC has been consolidating in a big bull flag pattern since March of this year. It has touched the resistance 5 times and support 3 times. Currently tested the support yesterday at 300EMA $53K. It can touch GETTEX:52K which is the 618 fib level. However, IMO the correction is almost done and we are on the way up from here.
BTC Swing Long Setup
Entry: $53K
SL: 50.2K
TP1: 67K
TP2: 72K
TP3: 102K
Trade should hit all TPs in next 3 months unless SL hit.
Chart Idea - BTC Swing Long from 52KI am even bullish from here. However, there is a scenario in which I see BTC make another leg down to 52K level which is a 0.618 fib level and full flag's diagonal support as well. Target should be 100K.
Trade Setup
Entry: 52K
TP: 100K
SL: 48K
RR: 12:1
To The Moooooonnn !!
BTC Chart Analysis - Bullish Bias for next couple of monthsBTC has now filled the weekly fair value gap around the GETTEX:48K - GETTEX:49K range in the first week of August, which was originally formed in February earlier this year. Interestingly, during that same week after 2014, whales accumulated most of the BTC. The weekly closing candle has printed a pin bar candle to the upside, indicating a strong potential for bullish momentum. I believe the consolidation phase is ending, and we could see parabolic upward movement within the next week or so. My first target for the breakout of this weekly bull flag is $100k within the next couple of months. Ideally, we could hit this target before the elections. Let’s see if this analysis plays out or not.
Not financial advice! DYOR
Chart Idea - BTC Potential Bull Market TargetI have rarely seen a cup and handle created on weekly this beautifully. Acc to this cup n handle pattern, the TP is coming around $290K. I personally will start booking profits once the monthly RSI hits around 90. Bearish divergence on weekly will give further confirmation to start selling in big chunks. It doesn't matter what the price would be and what the month in that cycle would be. IMO, it will be around 3rd or 4th quarter in 2025. Let's see
Not a financial advice!!
Btc chart if this holds supportBtc chart if this holds support and trend continues.
Each level can reject to a new low. You want the breakout resistance to become support and that most likely will push Btc to sub target1 and target1.
If this will work out for you don`t ask me how I know :)) just tip me (I need to pay bills).
LMACD suggesting tops around April 2025.According to LMACD histogram , we might see a similar bull market duration ~800 days(green histogram bars). LMACD found tops ~100 days before histogram shift to red bars. This might give us an estimate date of peaks around April 2025? Aligning this with the LGC results in a price target of 150k.
BTC/USDT WEEKLY CHART UPDATE !!
Bitcoin has broken out of the inverse head and shoulders pattern on the weekly timeframe, showing strong bullish momentum supported by high volume and the Ichimoku Cloud. A pullback for a retest above the breakout level may occur, possibly filling the CME gap, which could set the stage for a rally above 100K.
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_CSAdmin
$BTC heavy daily bull div confirming | $96k targetnot many are talking about the valid bull daily bull div that will confirm in a few hours. feels like this should run back up to range high at a minimum, but we think if we regain the pivot, then this should run up to r5, which is a little above $96k.
y'all are likely panicking at the bottom.
BITCOIN Weekly Chart Update !!Bitcoin has completed a cup-and-handle breakout on the weekly timeframe, accompanied by strong volume, which signals robust bullish momentum. This pattern is typically a bullish continuation pattern, suggesting that BTC has the potential to enter a strong uptrend following this breakout.
The Ichimoku Cloud is also showing a bullish signal, with price action above the cloud, confirming a trend shift in favor of buyers. The cloud's bullish alignment suggests that the current rally has further room for upward movement, potentially setting BTC on course for new highs.
However, pullbacks are common after breakouts as the price retests the previous resistance as support. A pullback to the handle or prior resistance zone would provide an opportunity for bulls to gather strength before pushing Bitcoin to new peaks. Key support levels to watch include previous highs or areas around the handle region, which should act as a launching point for the next leg up if bulls hold steady.
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_CSAdmin
$BTC Resistance areas to watch CRYPTOCAP:BTC #BTC $88,674 resistance testing, looking absolutely amazing on 1D with a beautiful follow up to previous bullish close yesterday! Current support around $86,305 area, but untested yet. $84,221 should be key support - let's see. Next estimated resistance areas to watch could be $91,357, $95,878, $97,780, $100,334, $103,093, $107,461, & $112,255. #Bitcoin will surely look good in 6 figures, more ATH(s) to come!
What do y'all think...Shall we continue the groove?Hey everyone, just messin around with random ideas. Who knows, honestly just wanted to publish this because it might just work.
Some close numbers in the previous two bear to bull cycles. I just measured the highs&lows of previous cycles along with duration.
The numbers for the two previous full cycles were pretty close, so I just mapped the average out for our current situation.
Still can retest lows but too much beyond that is probably out of sight.
Dunno, not financial advice and just experimenting.
Any insight?
Hope everyone is well, thanks for your time.
BTC CORRECTION OVER ? BTC had been in a downward trend for almost a month now. We saw a clear impulse wave and now the corrective wave in the form of a ABC Regular Flat seems to have been concluded.
With more bids coming in, we should see a bounce from this level
However, anything is possible in the world of crypto hence risk management is the key.
Disclaimer: Not financial advice.
Here is a quick analysis based on the new BTC/USD chart.The chart shows a significant upward trend in Bitcoin's price. It seems that the price has broken out of the previous consolidation channel and is now heading towards a major ascending resistance area, the upper boundary of which represents nearly $100,000.
Bitcoin maintains an upward trajectory with strong support from the lower trend lines.
The $88,000 to $100,000 target area is a strong resistance area where we could see some price consolidation or rejection.
If BTC can break this resistance with strong momentum, it could signal a substantial long-term bullish phase.
Be wary of potential pullbacks as BTC approaches these key resistance areas. Let me know if you would like more information on specific indicators or trendlines!
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_CSAdmin
BTCUSDT 15 min - BEAR & BULL Strategies - 2 stepBTCUSDT 15 min - BEAR & BULL Strategies - 2 step
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BTCUSDT 15 min - BEAR & BULL Strategies - 2 step
We continue with our bullish channel and triangle strategy.
BTCUSDT is marking increasingly higher lows and is approaching the base of the current bullish channel that acts as dynamic support.
That said, we must set a strategy that allows us to properly manage the risk-reward equation.
We don't really know what the price will do, but we must be prepared for different scenarios.
If we already have it in our portfolio,
SL: 75500
TP: 79000
If we want to position ourselves BULLISH
BULLISH STRATEGY LEVELS:
BUY: 75500 or 76400
TP 79K
SL: 74700 below the EMA 200
BEAR STRATEGY LEVELS:
SL: 76400
SELL: 75000
If it breaks the dynamic support and gives signs of a change in trend.
In the area of uncertainty, we will continue to swing :)
We just have to wait for the triangulation to break in one direction or another.
Good luck in making decisions.
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
BITCOIN Update !!The latest BTC/USDT chart update shows a significant zone marked as a "extreme zone" around the 64,000 - 65,000 level, highlighted in red.
This red-highlighted zone around 64,000 is being emphasized as a strong support level. If the price retraces to this area, BTC may find buying interest, potentially providing a solid base for a rebound.
The upper orange bar, near 72,000, represents a major resistance level. If BTC reaches this level, it may face selling pressure unless it can break above decisively.
The green arrow suggests a bullish outlook after a possible pullback to the strong support zone. This scenario implies that BTC could rebound from the 64,000 zone and make another attempt at breaking above the 72,000 resistance.
In summary, BTC appears to have a key support at 64,000, which could act as a pivot point for the next upward movement. A failure to hold this zone, however, might indicate a shift in momentum.
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_CSAdmin
BTC : Riding Asia Open Volume to the Golden Zone TargetOn the 8-hour chart, I’m targeting an entry to capture potential volume influx as the Asian markets open. I plan to take partial profits along the way, with a target to reach the $71,000 zone, which aligns with the golden Fibonacci retracement level.
Fundamental Context:
This setup is influenced by the buzz around the upcoming U.S. Presidential Election and speculation around Donald Trump’s potential reentry, possibly fueling a “buy the rumor, sell the news” effect. Given the high-impact events surrounding this period, I’m managing risk closely, aiming for strategic exits to maximize profitability within this volatile environment.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.