Bitcoin Roadmap==>>Short-termBitcoin ( BINANCE:BTCUSDT ) is moving near the Support zone ($95,000-$90,870) and 50_SMA(Daily) , also Bitcoin managed to break the Descending Channel . Although the main Ascending Channel has been broken in the above time frame , I still expect the pullback to the main ascending channel to continue.
Regarding Elliott wave theory , Bitcoin seems to be completing microwave Y of the main wave 4 .
I expect Bitcoin to rise to at least the 🎯Targets🎯 I have specified on the chart .
⚠️Note: If Bitcoin breaks below the Support zone($95,000-$93,500), there is a high probability that Bitcoin will go below $90,000.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
1-BTC
Bitcoin: Time To Remove The Party Hats?Bitcoin may be on the verge of compromising the 90K support which I will interpret as a sign that the next broader corrective cycle MAY be beginning (Wave (IV)). IF this is the case, you can remove your Bitcoin 200K party hats for at least a YEAR or two. Gold had a similar outcome a few years back and persisted in a consolidation for two years before it broke out. A corrective cycle does NOT mean Bitcoin is going back to 50K (anything is possible though). It just means a prolonged consolidation may be on the horizon which will provide swing trade and investment opportunities for those who know what to WAIT for.
The arrow on the chart points to the 92K support that is in play at the moment. At as long as 90K is not broken, I anticipate at least one more attempt to test the high. This short term up leg is likely to test the 100K area. IF the higher high (break of 108) does not culminate from the next price advance, then it would be wise to reduce risk, lock in profits and LOWER expectations until bullish short term price structure can rebuild itself.
IF 90K is broken, the next inflection point on this time frame is the 86K area. Great profit objective for those bold enough to short this thing. If 86K is cleared, then its the low 80K area. Again this is one scenario of countless, the key is confirming the price action that supports this possibility, NOT to expect it. This is NOT a forecasting game, it is a interpreting and adjusting game.
With the major holiday week on the horizon, it would be best NOT to expect a LOT of action. Volume typically declines, and movements become very muted or you can get slow grinds that just stubbornly persist to some key level. Either way, it is usually best to avoid such markets, ESPECIALLY if you look at smaller time frames.
As far the the highs at 108K, anyone that bought anywhere above 100K is NOW at the mercy of the market. This is why I always warn my followers about buying into highs. Chances are you won't take your profits when the peak unfolds because you won't know its the peak until WAY after the fact. When I hear about people who have NO idea what Bitcoin is, now interested in "investing" in it, that screams THE PARTY IS OVER, for now. The best times to get in are usually when no one is paying attention, and for Bitcoin and the alt coins, that seems to take about a year or two from the peak. If you can't take the heat, don't play with fire (or Bitcoin).
Thank for you considering y analysis and perspective.
BTC - This Christmas is NOT different!Hello TradingView Family, this is Richard, and I want to wish you all a Merry Christmas.
I hope you enjoy this Christmas-themed idea.🎄
💡Can you spot a pattern here?
As shown in my last two Christmas posts (attached to the chart), BTC broke out of consolidation and surged by around 70%.📈
I believe this Christmas will be no different.
For the next bullish wave to begin, a break above the orange zone is needed, which aligns perfectly with the $100,000 round number.
What do you think? Will this Christmas follow the structure of the past two years, or will it be different and lead to a deeper correction⁉️
📚Always follow your trading plan regarding entry, risk management, and trade management.
And Remember: All Strategies Are Good; If Managed Properly!
Merry Christmas Everyone 🎄
~Richard Nasr
Bitcoin can little correct and then continue to grow in rangeHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price declined to the resistance line and rebounded at once and made impulse up. BTC rose to a support level, which coincided with the buyer zone, but firstly it made a small correction and some time traded below the 92500 level. Soon, the price broke this level, after which it started to trades inside the range, where it at once made a retest and tried to grow, but later corrected the support level. Next, the price continued to move up and reached the resistance level, which coincided with the seller zone, after which corrected the resistance line. After this movement, BTC at once rebounded and rose to the seller zone and even higher, breaking the 103500 level. But soon, the price turned around and dropped to the support level, breaking the resistance level with the resistance line. Then the price turned around and a not long time ago started to grow. For this reason, I think that Bitcoin make a small movement down to almost the support level and then continue to grow to the 103500 resistance level inside the range. That's why I set my TP at this level. Please share this idea with your friends and click Boost 🚀
BTC/USDT: Breaking Free from a Descending Broadening WedgePattern Breakdown:
Descending Broadening Wedge:
Characterized by lower highs (LH) and lower lows (LL), this pattern reflects increasing volatility and a potential exhaustion of selling pressure.
Historically, these patterns often resolve to the upside as buyers reclaim control.
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Current Structure:
BTC has bounced from the lower boundary of the wedge, showing signs of a bullish reversal.
The price action aligns well with the theoretical breakout strategy depicted in the diagram, highlighting a high-probability long setup.
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Key Levels to Watch:
Immediate Resistance: The upper boundary of the wedge around $98,000 serves as the first hurdle.
Breakout Target: A successful breakout above $98,000 could push BTC toward the highlighted supply zone at $101,200-$102,000.
Support Levels: Critical support rests near $93,500, where bulls need to maintain control to preserve the bullish outlook.
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Momentum Indicators:
Volume: A noticeable decline during the wedge's formation suggests consolidation, often preceding a strong breakout.
Relative Strength Index (RSI): The RSI is turning upward from oversold levels, signaling increasing buying pressure.
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Trade Setup:
Entry: Watch for a confirmed breakout above $98,000.
Targets: The first target lies at $101,200, with the potential for further upside toward $105,000 if momentum sustains.
Stop Loss: A break below $93,500 invalidates the bullish scenario.
BITCOIN Are you scared enough? Or need to see more pain?Bitcoin (BTCUSD) touched its 1D MA50 (blue trend-line) for the first time in more than 2 months (since October 11) and is rebounding. The first presence of short-term buyers was actually felt on Friday, when the price came close to the MA50 again and rebounded aggressively. This is a natural technical reaction during such aggressive uptrends.
The key Support level during BTC Bull Cycles however is the 1W MA50 (red trend-line), which has been supporting since March 2023 and was successfully tested (and held) twice on August 05 and September 06, the last of which was technically the start of the current Bullish Leg.
** The Fibonacci Channel Up **
Bullish Legs are technically part of Channels and this time is no different as Bitcoin has been trading on a Fibonacci Channel Up since the very bottom of the last Bear Cycle in November 21 2021.
As you can see, we have classified the price action on this pattern in Phases, each of whom trades within one range upwards, which is why the Fibonacci Channel succeeds at accurately displaying BTC's current logarithmic rise during this Cycle.
** The Phases and the high symmetry **
Phase 1 (blue Channel) traded within the Fib 0.0 - 1.0 range, Phase 2 (green Channel) within the Fib 0.5 - 1.5 range and we expect a 3rd one, Phase 3 (red Channel) to trade within the Fib 1.0 - 2.0 range.
As you may assume, there is high symmetry between sequences, Legs and pull-backs within this pattern and the one that stands out is that rallies so far tend to record +100% rises. More specifically, both the April 14 2023 and January 11 2024 Highs of +100% rallies, then pulled back towards the 0.382 Fib retracement level, the first didn't hit it, the second almost did.
** Will we test the 1D MA100? **
But that is the rally that displays the most similarities with the current one and after hitting its 1D MA50, it broke even lower and only found Support and bounced on the 1D MA100 (green trend-line). You can see even how identical their 1D RSI sequences are, which are Channel Down patterns that started showing a bearish divergence much earlier than the top.
Right now the RSI is holding the 45.00 neutral level, but the January 2024 and the 2023 fractals turned into a buy on the key 36.00 level, which is bearish territory. Even though Bull Cycles tend to get more and more aggressive as we approach the end of the Cycle and ignore previous Support levels, the 1D MA100 is currently at $79250 and rising, indicating that it can 'meet' the price on lower levels than currently, assuming how quickly the RSI also hits 36.00 (any of the two conditions hits first, the cyclical buy signal can be valid).
** The remainder of the Bull Cycle **
Beyond that, we expect the next High, as we've already entered Phase 3, to be on the -0.5 horizontal Fibonacci extension (as March 13 2024 was) and on the 2.0 Channel Fibonacci ext at a price of $150000, which is the next technical extension of the Channel. After that, you can see that both Phase 1 and 2 started multi-month Accumulation phases with a potential maximum correction to the 0.382 Fib again and as Phase 3 concludes (and possibly the whole Bull Cycle), we may see another +100% rally and a possible Top at $200000.
So for the current situation the key question is as mentioned on the title: 'Are you scared enough?' now the 1D MA50 has been tested? Because we may very well drop as low as the 1D MA100 before the Fear & Greed Index turns market sentiment to 'Fear' again and makes the majority misjudge the market activity as they always have.
What do you think will happen next? Feel free to let us know in the comments section below!
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BITCOIN In Coming Days!As I mentioned in previous analyses, Bitcoin finally broke the wedge and the price turned bearish. However, now if the price can break the 0.618 Fibonacci line, it can rise up to 107k dollars.
previous analyses
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Trading plan for Bitcoin price for Christmas & New Year holidays🎄 Christmas and New Year's holidays are coming up, and we congratulate you on that!)
We survived, even earned a little, so thank you for that)
Currently, the CRYPTOCAP:BTC price has been stopped on "the verge of a foul", but the holidays will lead to a decrease in business activity and an increase in “manipulative volatility.”
So, to follow the behavior of the OKX:BTCUSDT price, subscribe to this idea!
A big temptation is to “break the stops” of #Bitcoin, which are hiding below $85k, and an even bigger temptation is to close the GAP on the CME BTC chart in the range of $77-78k.
And there are several other options for the development of events by combining the BTC.D and USDT.D indices, but I'm too lazy to write about it yet)
⁉️ But if you are interested in us writing “voluminous reflections”, like at the end of 2022 before the start of super growth with plans for 2023-25, which are working out very well👇
then we need inspiration from you in the form of reactions and comments here and maybe a miracle will happen, the main thing is to believe in it!)
With Major Liquidity Swept and RSI reset Bitcoin is now going UPIn the last few days, after achieving a new all-time high of $108,000, Bitcoin has experienced a massive dump, liquidating many retail traders using leverage. This market downturn was caused by several factors. First, Bitcoin was severely overbought and overdue for a correction. Second, Jerome Powell added to the market uncertainty by making strong anti-Bitcoin statements, dashing hopes of the U.S. adding BTC to its Federal Reserve reserves.
As a result, the market saw a steep fall, with major altcoins such as SOL and DOGE dropping over 30%.
The Main Question: What’s Next?
Bitcoin is unlikely to go up from here in the immediate term. Instead, it may be better to position for a short targeting the $90-91K range. The market might remain bearish over the Christmas holidays, giving “holiday discount” vibes. It’s not a good idea to buy Bitcoin with leverage at this moment. Waiting until next Monday to reevaluate might be a safer option.
Technical Analysis:
As highlighted, Bitcoin has broken out of an ascending channel and dropped significantly. One of the key technical reasons for this is the overbought RSI. Major resistance is currently around $99.7K , while key support lies between $89.5K and $87.5K . A break below these levels could indicate a strong move in either direction.
The most liquidity is around $92.2K , where Bitcoin is likely to gravitate before making an upward move. Additionally, RSI has hit a support level, which increases the possibility of a bounce from here.
Outlook:
After the holidays and once Bitcoin sweeps the lower liquidity levels, we could see an excellent buying opportunity . There is potential for BTC to reach $118K by the end of January . Moreover, Donald Trump’s inauguration could act as a catalyst to drive Bitcoin’s price higher once again.
BTC : All Time High IN - OR Multimonth Playout?Bitcoin has begun a steep drop, and it's likely that the ATH is priced in. This fits my previous idea that the ATH would either be just over or just under 100k.
There is, ofcourse, another option as well - a continuation over the next few months. This is likely if the price of BTC follows a fractal of the previous cycle. It would become likely if we see a strong bounce around the 81-82K zone, pushing us up into the 90's.
But, at the moment, I'm leaning towards the idea that the ATH is in.
It would also makes sense for the ATH to be in, from an Elliot Wave Theory perspective, since we've made a perfect 5 waves. If this is indeed the case, we can look forward to a few more rallies in the altmarket.
_______________________
BINANCE:BTCUSDT
PNUTUSDT → Double bottom. One step away from a rally BINANCE:PNUTUSDT.P accumulates good potential for possible growth by 30-50%. After a strong fall (Dump), a reversal pattern appears on the chart.
Against the background of bitcoin standing still, pnut forms a double bottom and enters the rally phase. There is resistance at 0.75 ahead. If the coin can break this zone and keep the defense above the level, the coin can fly to 1.0 in the short to medium term.
Resistance levels: 0.75, 1.0
Support levels: 0.6
If the bulls can overcome the strong resistance of 0.75 and can consolidate above this area, we have a great coin with good upside potential. Primary target is 1.0, next targets are 1.15, 1.35.
Regards R. Linda!
HelenP. I Bitcoin will little correct and then start to move upHi folks today I'm prepared for you Bitcoin analytics. Some time ago price declined to the trend line and then started to grow, so, quickly later rose to the support level. this level was concerned with the support zone and soon BTC broke this level, after which made a retest and started to trades near this level. Later, the price rose to the resistance level, which coincided with the resistance zone, after which made a correction to the support level and then in a short time backed up to the resistance level. Then the price continued to grow and soon reached the 103000 level and even broke it and then continued to move up. Bitcoin reached a new ATH and then turned around and made a correction movement, breaking the 103000 level one more time. Price fell to the trend line and then tried to grow, but failed and now continues to trades close to this line. In my opinion, BTCUSDT will decline below the trend line and then start to grow to the resistance zone. So, for this case, I set my goal at 105K points. If you like my analytics you may support me with your like/comment ❤️
BTC on 6h chart Hello, my dear friends!🫶 I’m so happy to see You here again! I’m especially grateful for Your feedback—some of You mentioned, that were waiting for me and missed me.🥲 Your words truly touched my heart—thank You so much!😊 I’m thrilled to be drawing charts for You once again; every post I share here holds a piece of my soul. Thanks for Your support—it means the world to me!💋
🔴 We’re currently sitting between a major resistance level (a trendline dating all the way back to 2017) and strong support at 72,000.🔴
The price is at a fascinating crossroads: if the 96–94–93 levels hold and the price consolidates there, we could see a climb toward the significant resistance zone (marked by the pink 🟣 dot) at 107–108k. From there, it’ll be crucial to watch closely—if the price breaks through those levels with ease, a rally could be in the cards.🚀
However, if the 96–94–93–92 levels fail to hold, we’re likely in for a deeper correction. In that case, we could see the price drop to the support zones at 86k, or possibly even lower, to 77k–73k.📉
Thank You for being part of this amazing community—it’s a privilege to share ideas and grow alongside You all. No matter what the charts look like, stay focused, stay patient, and keep believing in your abilities. Success belongs to those who persevere.
Always sincerely yours, Kateryna 💙💛
BTC/USDT Analysis. Bitcoin is trading within an ascending channel but showing signs of weakness near $95,660. Here's the breakdown:
$90,000–$92,500 remains critical for a potential bounce. A retest of this area could form a double bottom pattern.
$97,500 (minor resistance) and $105,000 (upper channel boundary) are the key targets for any bullish continuation.
A breakdown below $90,000 could lead BTC toward $85,000 or even $77,500 (major demand zone).
Watch for price action near $90,000 for a possible reversal or continuation to lower levels. Volume and momentum indicators will be crucial to confirm the next move.
DYOR, NFA
@Peter_CSAdmin
Bitcoin in lower timeframes (4H)Bitcoin appears to be within a "Trading Range" on lower timeframes.
Within this range, a bearish "QM" (Quasimodo) pattern seems to have formed. To complete the right shoulder of this QM, the price may need to rise to higher levels (red box).
It could move from the green box up to the red box.
Generally, during the year-end holiday period, many large and small traders need cash and sell part of their assets, causing a mid-level correction in the market. During these days, the market seeks liquidity hunts and fluctuations within a specific range. At this stage, it's advisable to reduce the number of your trades and avoid futures trading to some extent.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Whether it can be supported and rise around 92K-93.5K is the key
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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(BTCUSDT 1W chart)
What we need to look at is whether it can touch the MS-Signal (M-Signal on the 1W chart) indicator and rise.
When a new candle is created, it is expected to pass around 83.6K.
Accordingly, the point of interest is whether it will meet the M-Signal indicator on the 1W chart around 87.8K-89K.
The reason is that the StochRSI indicator is showing a downward trend from the 100 point, and if a new candle is created, it is expected to change to a state where StochRSI < StochRSI EMA.
Since the StochRSI indicator is still in the overbought zone, it is likely to rise after receiving support around 92K-93.5K.
-
(1D chart)
The next volatility period is around December 17 (December 16-18).
Therefore, the key is how it will look after this volatility period.
It is currently showing a short-term downtrend, but looking at the overall picture, it is ambiguous to say that it has yet to break out of the sideways zone, so the key is whether it falls below 90586.92.
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Therefore, we need to check whether it can rise above 95904.28.
If not, it is expected to touch around 92K-93.5K.
In order to turn into a short-term uptrend, it needs to rise above 97821.5-98892.0 to be supported.
Since the Momentum indicator is showing a low, it may lead to an additional decline.
You can see that the Body color of the candle changed to red from the December 20 candle.
This is because the OBV fell below the midpoint.
Therefore, if the Body color of the candle changes back to Green, it can be seen as a buying period.
-
Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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$BTC.D prediction based on the current situation.CRYPTOCAP:BTC.D has been climbing steadily since the start of this bull run.
It’s often said that an altseason begins when BTC dominance drops below 55%. However, the 54% level appears to be a strong support zone, with the MACD showing a low point and the RSI entering oversold territory.
My analysis suggests that BTC dominance has established a range between 59% and 55%. It’s likely to bounce off the top resistance, pushing dominance back toward the support.
If the next drop breaks through this support, it could finally trigger a true altseason.
23/12/24 Weekly outlookLast weeks high: $108,403.98
Last weeks low: $92,261.97
Midpoint: $100,332.98
Last week we saw a swing fail pattern (SFP) of the week previous' high. Ever since then it's been a steady sell off throughout the week, mostly thanks to JPows FOMC statements despite a 25bps cut as forecast. BTC is now battling the 4H 200 EMA for the first time since the US election, a much needed pullback or the start of a further sell-off?
Going into the holidays we should expect a lower volume as whales take some time off, retail will remain as crypto is shilled to family members over Christmas dinner so the market will continue to be interesting. The 4H 200 EMA is a key battleground, I would have hoped to see a better reaction off the moving average initially but maybe this is bad timing due to the holidays and lower volume, or the reluctance to open new trades while markets are shut etc.
This week is obviously quiet in terms of data releases, there are various token unlocks ENA, IMX, FET and burns for some key altcoins such as ISP & BONK. I think the general consensus is that normal service will resume in January once everything opens back up.
So for this week it's probably better to set alerts for key areas you want to get involved in, planning for when volume returns to the markets and when Trump takes office too.
Merry Christmas to all and good luck!
Little Ethereumhello friends
Considering the higher floors that this token has reached and the growth that it has had, it has now corrected to half of its upward movement, which is an opportunity to buy a step, and in case of further correction, the second step is determined...
We have drawn the targets for you in order.
Note that this currency moves with Ethereum and its main growth has not yet started...
Be successful and profitable.
Potential bullish rise?The Bitcoin (BTC/USD) has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 92,651.63
1st Support: 87,516.30
1st Resistance: 99,246.82
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