ANALYSIS | Crypto by MARKET CAPAs of time of posting, according to a reliable website the top 10 cryptocurrencies by market cap are as follow:
1) Bitcoin / BYBIT:BTCUSDT
2) Ethereum / BINANCE:ETHUSDT
3) Tether / COINBASE:USDTUSD
4) Binance Coin / BINANCE:BNBUSDT
5) Solana / BINANCE:SOLUSDT
6) US Dollar Coin / KRAKEN:USDCUSD
7) XRP / BINANCE:XRPUSDT
8) Dogecoin / BINANCE:DOGEUSDT
9) Tron / BINANCE:TRXUSDT
10) Toncoin / OKX:TONUSDT
11) Cardano / BINANCE:ADAUSDT
12) Avalanche / BINANCE:AVAXUSDT
You can find and track this easily by searching "Cryptocurrencies by market cap" or something in that line.
On the charts you will see the king - Bitcoin, as well as TOTAL (total cryptocurrency market cap) which is currently at 2.28T, and at the bottom right TOTAL3 (total cryptocurrency market cap without BTC and ETH), currently at 6.19B.
It's important to note that BTC determines the general direction of the altcoin market, but Cryptocurrencies do not necessarily move together with traditional assets such as stocks. That's why it's important to determine the macro trend before trying to analyze any individual coin. This is especially true for crypto's with a higher market cap. As you begin to look at altcoins that have smaller or micro market caps, they tend to dump/pump unexpectedly without moving together with BTC.
You'll often notice that the top 5-8 alts have similar chart patterns to BTC. Although they do still move within their unique support/resistance zones, it's safe to say that when you see a H&S on Bitcoin, you'll probably see it on the large-cap coins as well. I will say this - it's not the case for XRP and ADA. (I'm surprised to see they still hold such high positions in the ranks and I have a hard time identifying the potential reason for this other than old bag-holders/cult following).
With this info, you can conclude to a range of different outcomes, including but not limited to:
🥠 Using crypto as a hedge against traditional assets
🥠Using microcaps as a hedge against BTC
🥠 Microcaps carry more risk
That all being said - trading is risky, and crypto particularly more so. Even hedging doesn't guarantee safety when it comes to crypto.
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1-BTC
BITCOIN - Price can bounce up to $72500, exiting from wedgeHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A few moments ago price entered to rising channel, where it at once fell to support line, breaking $57900 level.
Then price in a short time ros to this level, broke it again, and made retest, after which continued to move up.
Later BTC rose to $65900 level, turned around, and declined lower support line, thereby exiting from rising channel.
After this, price continued to move up inside wedge, where it bounced from support line and rose to $65900 level.
Soon, price broke this level, and rose to resistance line, after which made a correction and now continues to grow.
In my mind, BTC can bounce up from support line to $72500, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Bitcoin will exit from pennant and then continue riseHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price traded below support 2, which coincided with the support zone and soon broke this level. Then price tried to grow more, but failed and dropped to the trend line, breaking support 2 one more time. After this movement, the price entered the pennant, where it made at once a strong impulse up, breaking support 2 again. Then price continued to move up and later reached support 1. Price some time traded near this level, then broke it and some time traded inside one more support zone. Next, BTC little grew and then dropped below 1st support level, breaking it again, but soon turned around and backed up to the support zone (68200 - 67700). After this, the price bounced down to the trend line, after which turned around and rebounded up to the resistance line of the pennant and now trying to exit from this pattern. So, in my mind, BTCUSDT will exit from the pennant, make a retest, and continue to move up. That's why I set my goal at 71000 points. If you like my analytics you may support me with your like/comment ❤️
BTC/USDT weekly chart. The BTC/USDT weekly chart shows a potential flag pattern formation, which could signal a continuation of the previous bullish trend if BTC moves upwards.
The price is consolidating within a descending parallel channel, which is typical for flag patterns after strong upward movements. This could signal a potential continuation if BTC breaks above the channel.
The green area around $39,000 – $43,000 remains a crucial support level, providing a base to hold if BTC retreats.
The yellow moving averages provide guidance and may align with BTC’s upward trend if it stays above the channel.
If BTC successfully breaks above the upper boundary of the flag, it could resume its upward trajectory, potentially targeting the next resistance levels. However, if it fails to break out, a retreat to lower support levels is likely.
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
28/10/24 Weekly outlookLast weeks high: $69,526.58
Last weeks low: $65,268.55
Midpoint: $67,397.56
2021's ATH of $69,000 was once again broken last week, that makes it the 8th time this year BTC has broken through that level. Each and every time so far price has rejected off without price acceptance above it.
We are now 7 days away from the US election, with Trump in the lead in the polls and Wall Street preparing for another Trump presidency I expect to see crypto start to push on after the 8 month chop. The plan for a Bitcoin strategic reserve and favourable law-making towards the crypto market is a positive.
We also have the FTX distribution in 2 weeks, that's $16B coming back into the market, perhaps not all of it will stay in crypto but even if a portion of that remains that will be a significant boost to buyside pressure.
All in all BTC is in good shape currently, I would like to see acceptance above the all important $69,000 level by the end of the week setting us up well for the US election. Obviously what happens there is unknown until we get the result and typically fear can be negative for the markets so maybe we don't see acceptance this week but I am confident that the R:R at current price looks good with many signals showing growth is likely going into the end of Q4.
Trading Signal For BTCUSDT Trading Setup:
A Trading Signal is seen in the BTCUSDT Bitcoin (4h)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 66900.0
⭕️SL @ 64600.0
🔵TP1 @ 73000.0
🔵TP2 @ 76990.0
🔵TP3 @ 80000.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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Why $POPCAT Could Be a Long-Term Contender in Solana BlockchainPopcat (SOL), a Solana-based meme coin, is grabbing attention within the crypto market due to its recent price performance, robust growth, and high trading activity. The meme coin, based on the widely popular Internet meme featuring the cat 'Oatmeal,' has gained traction with an impressive rise from $0.93 to $1.60, showing a 41% increase in the last 30 days. As of this writing, $POPCAT trades at $1.53, supported by a 24-hour trading volume of $87.2 million and a market cap of $1.4 billion.
The Power of Solana’s Ecosystem
The Solana blockchain is renowned for its fast, low-cost transactions, making it a fitting platform for meme coins and other highly traded assets. The network’s ecosystem has shown significant growth, with recent trading volume on Solana reaching $15.7 billion—nearly double Ethereum’s volume. Popcat (SOL), as part of the flourishing Solana ecosystem, benefits from the chain’s scalability and low transaction costs, which are crucial for meme coins that often experience high trading volumes and rapid transactions.
Furthermore, Raydium, a Solana-based decentralized exchange (DEX), has been closing in on Ethereum’s Uniswap in terms of trading volume across multiple networks. Raydium's $9.7 billion volume against Uniswap's $11.1 billion underscores Solana's expanding influence in the decentralized finance (DeFi) space. For Popcat (SOL) and similar meme coins, these advancements in Solana’s infrastructure bring increased exposure, liquidity, and trading opportunities.
Technical Analysis: Will $POPCAT Reach New Highs?
Popcat (SOL) is currently positioned with a bullish outlook, reflecting a 13% increase over the past week and ranking 6th in market capitalization within CoinMarketCap’s meme coin sector. From a technical perspective, Popcat has consistently traded within a rising channel, indicating strong bullish momentum. The Relative Strength Index (RSI) sits at 60, a neutral yet bullish sign showing that while the coin is neither overbought nor oversold, there is room for continued upward momentum.
The monthly price chart shows a falling wedge pattern—a bullish reversal indicator—that pushed Popcat to its current highs. With resistance anticipated at $1.80, the token could face a pullback to the support level around $1.39 if Bitcoin or Solana experience price fluctuations. This range-bound activity may offer new entry points for investors, potentially paving the way for further gains if buying sentiment remains strong.
Given the market’s optimistic sentiment and potential catalysts on Solana, $POPCAT could soon aim for its all-time high (ATH) of $1.67, and possibly break through to $2. This forecast aligns with ongoing upgrades and developments within the Popcat (SOL) project, which could drive fresh interest and increased trading volume.
Market Sentiment and the Meme Coin 'Super Cycle'
A strong crypto market sentiment, particularly driven by Bitcoin's performance, could further amplify Popcat's price action. The expectation of a potential ‘meme coin super cycle’ in 2025 has prompted speculation around the coin's future potential. If these trends hold, Popcat's position within the meme coin ecosystem and its Solana backing could make it a significant player in the next cycle.
Popcat’s Market Metrics and Growth Potential
1. Trading Volume: Popcat (SOL) has seen a 112.90% increase in 24-hour trading volume to $195,423,925, signaling strong market interest and activity.
2. All-Time High: The coin reached its ATH of $1.67 on October 24, 2024, making the current price 7.71% lower than this high.
3. Market Cap: With a market cap of $1.51 billion, Popcat ranks #61 on CoinGecko and #54 on Coinmarketcap , making it a notable player within the meme coin sector.
4. Price Performance: Over the past week, Popcat has outperformed both the global crypto market, which declined by 1.00%, and similar meme coins, which fell by 3.60%.
Conclusion
For those closely monitoring meme coins and Solana-based assets, Popcat (SOL) appears to present an appealing investment opportunity. Its recent price momentum, bolstered by a robust Solana network and high trading volume, positions $POPCAT well for potential growth. While short-term resistance may cause minor pullbacks, the broader outlook suggests further gains are achievable, particularly if Solana continues its ecosystem expansion. Whether $POPCAT can reach or exceed the $2 mark will depend on broader market movements, particularly those of Bitcoin and Solana, but its technical indicators and ecosystem support present a compelling case for growth.
BITCOIN All indicators aligned for an incredible 12-month rallyBitcoin (BTCUSD) broke last week above its 7-month Bearish Megaphone pattern, which was essentially the pattern that absorbed via a relief pull-back the incredible rally that the market had since October 2023, fueled at large by the ETF speculation and then launch.
** Bearish Megaphones inside 7-year Channel Up **
This pattern is, as you can see, part of a greater 7-year Channel Up that encompasses the last two Cycles of BTC. Halfway through the 2018 - 2021 Cycle, the market also had a Bearish Megaphone, a little larger, lasting for 12 months before the price broke above it.
** The importance of the 1W MA50 **
That bullish break-out came when the price regained the 1W MA50 (blue trend-line) as Support and until the Cycle Top, it was never compromised again. In an amazing display of Cycle symmetry, Bitcoin is also being supported by the 1W MA50 right now (has been since the March 13 2023 weekly candle), in fact it was successfully tested and held 3 times since August 05 2024.
** MACD Bullish Cross **
The Megaphone break-out and the 1W MA50 support aren't the only bullish indicators that point to a heavy price increase next. Perhaps the most important of all is the (L) MACD Bullish Cross on, also on the 1W time-frame, the first such formation in a whole year (since October 23 2023). This is a huge development as it comes after 7 months of non-bullish price action, indicating a shift in trend.
** Can the top be at $200k or above? **
When all those indicators were aligned in mid 2020, BTC kick started the 2nd, final and most aggressive Rally of its Cycle. It was +65% stronger than the 1st Rally. As a result, we may experience in the next 12 months a rally of +615% (65% greater than the +373% 1st Rally).
But if this seems too great without a catalyst like the ETF launch was in January, even if BTC replicates the bullish price action of November 2022 - March 2024, it will still hit the $200k mark. What history has shown at least, is that we can stay bullish, until a 1W candle closes below the 1W MA50, whether that's at 100k, 150k or 200k and above.
So what do you think about this triple bullish combo? Is it enough to initiate a 12-month rally? And if so, what is your target? Feel free to let us know in the comments section below!
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ETH AIMING HIGHS - ETHEREUM SWING LONG OPPURTUNITY The price ran the weekly liquidity, hit the monthly demand, and was rejected there. Afterward, it created a weekly bullish upward momentum.
Currently, the price is sitting on the bullish daily demand zone responsible for the weekly uptrend over the past few days. We are also within the Fibonacci equilibrium, indicating that the price is at a discount.
I’ll be targeting the purple levels in the coming weeks.
69.3-69.5K is a key to the next directionMorning folks,
So, last time we said to not hurry up with the new long entry and then BTC has re-tested our 65.5K support area where we got nice long entry earlier.
At first glance BTC looks nice bullish performance, but it is clearly slowing. D. Trump crypto programme has done its job and totally priced-in. Its impact is exhausting. If D. Trump will take the office we could get jump in a moment, but it mostly will be a psychological reaction.
Now we would say that both directions have approx. similar chances. We have bullish and bearish patterns on different time scales. Thus, we suggest that 69.3-69.50K area will be the key to the next stop.
Upside breakout will lead BTC to action above 70K+ while "222" Sell, if it will work, probably will trigger deeper downside retracement.
So, make your bets with this issue in mind.
Bitcoin Predictions for 2025 & Beyond: Who’s Eyeing $1 Million?If one thing is certain on this earth, it’s that Bitcoin BTC/USD predictions are as volatile as the coin’s price. In this Idea, we’ve gathered some notable Bitcoin price predictions with their respective time stamps.
Teaser: it’s a diverse set of characters ranging from bullish Wall Street pros and tech visionaries to some (permabear) economists and professors. Let’s check it out!
Cathie Wood (ARK Invest) : $1 million
Cathie Wood is no stranger to making waves with her predictions. The risk-taking tech investor has said Bitcoin could reach a jaw-dropping $1 million by 2030, offering the stereotype attributes of Bitcoin as a hedge against inflation and increasing institutional adoption. Wood's more optimistic projection sees it soaring as high as $1.5 million in the same timeframe.
Michael Saylor (MicroStrategy CEO) : $1 million
Michael Saylor, the ultimate Bitcoin maxi (borderline Bitcoin fanatic) who believes in total Bitcoin dominance , has been accumulating Bitcoin for his coin-hoarding company’s reserves and predicts it will eventually hit $1 million, emphasizing its superiority as a store of value compared to fiat currencies and gold.
Chamath Palihapitiya (Venture Capitalist) : $1 million
Chamath Palihapitiya has previously suggested Bitcoin could eventually hit $1 million, driven by macroeconomic instability and as a hedge against traditional financial systems.
Robert Kiyosaki (Author of Rich Dad Poor Dad) : $500,000
Kiyosaki predicts Bitcoin could hit $500,000 by 2025 due to the collapse of fiat currencies and increasing inflation.
Mike Novogratz (Galaxy Digital) : $500,000
Mike Novogratz is riding the bullish wave as well, predicting Bitcoin will hit $500,000 within the next three years. He believes this surge will be driven by Bitcoin's fixed amount of tokens (21 million) and growing adoption.
Tyler and Cameron Winklevoss (Gemini Exchange Co-Founders) : $500,000
These crypto twins reiterate that Bitcoin could eventually reach $500,000 due to its potential to replace gold as a store of value.
Tim Draper (Venture Capitalist) : $250,000
Tim Draper has long maintained a prediction that Bitcoin could hit $250,000 by 2024, citing broader acceptance and institutional adoption not just of Bitcoin but the broader crypto market .
🏢 Institutional Investors and Their BTC Targets
Pantera Capital : $148,000
Crypto hedge fund Pantera Capital expects Bitcoin to rise to around $148,000 during the next four-year halving cycle (ending April 2028), based on historical trends.
JPMorgan : $45,000
Taking a more conservative stance, investment banking giant JPMorgan JPM projects a price target of $45,000, provided Bitcoin continues to gain acceptance as a risk-adjusted alternative to gold XAU/USD .
Standard Chartered : $120,000
Recently, UK-based bank Standard Chartered updated its forecast, predicting Bitcoin will rise to $120,000 by the end of 2024.
Bernstein Research : $150,000
Research firm Bernstein Research predicts Bitcoin could hit $150,000, largely due to ETF demand and supply reductions following the 2024 halving .
🎢 Other Bitcoin Believers and Their BTC Targets
Tom Lee (Fundstrat) : $180,000
Luke Broyles (Bitcoin advocate) : $3 million
Raoul Pal (Real Vision CEO) : $1 million
Adam Back (Blockstream CEO) : $500,000
Anthony Pompliano (Crypto Investor and Influencer) : $500,000
John McAfee (Programmer, Businessman) : $1 million
Mark Yusko (Morgan Creek Capital) : $250,000
🚀 Bitcoin Maxis with No Price Targets
Bill Miller (Billionaire Investor)
Miller has stated that Bitcoin could go much higher, without a precise target. He supports the belief that it will outperform traditional financial assets over the long term.
Paul Tudor Jones (Hedge Fund Manager)
Jones has likened Bitcoin to an early investment in tech stocks like Apple AAPL , implying that it has significant potential for value increase.
Stanley Druckenmiller (Billionaire Investor)
Druckenmiller has suggested that Bitcoin could be a "store of value" better than gold and expects its price to rise dramatically.
Jack Dorsey (CEO of Block, Co-Founder of Twitter)
Dorsey, another devoted Bitcoin proponent, hasn’t given an exact price prediction but has expressed strong belief that Bitcoin will become the currency of the internet, suggesting a massive increase in value.
🧸 The Permabears: Those Who Want to See Bitcoin Burn
Joseph Stiglitz - In contrast to the bullish predictions, Nobel Prize-winning Economist Stiglitz has argued that Bitcoin could be “worth just $100 by 2028.”
Kenneth Rogoff - Harvard professor and former chief economist at the IMF, Rogoff claims Bitcoin is more likely to be worth $100 than $100,000 by 2028.
Nouriel Roubini - An economist known for predicting the 2008 financial crisis, Roubini has harshly criticized Bitcoin as a bubble and a "scam."
Bill Gates - The co-founder of Microsoft has expressed skepticism about Bitcoin and its ability to provide real value to the economy.
Warren Buffett - The legendary investor has famously referred to Bitcoin as "rat poison squared," expressing concerns about its lack of intrinsic value and speculative bubble characteristics.
Jamie Dimon - The CEO of JPMorgan Chase has repeatedly criticized Bitcoin, calling it a fraud and stating that it has no value.
Peter Schiff - An outspoken critic of Bitcoin and a proponent of gold, Schiff argues that Bitcoin is a bubble and that it will eventually collapse in value.
Larry Fink - The CEO of BlackRock has indicated he's no fan of Bitcoin, viewing it more as a speculative asset than a legitimate currency. More recently, after BlackRock launched the biggest spot Bitcoin ETF , Fink has warmed up to Bitcoin saying it’s a “legit financial instrument.”
Now, over to you: What’s your take? Is Bitcoin on a rocket ship to $1 million, or are the critics right to be cautious? Drop your thoughts—and favorite Bitcoin predictions—in the comments below!
Bitcoin UpdateHey hey,
Bitcoin finally managed to reach the top of the channel again and finally seems to have broken out of it.
The weekly chart provides a better view since we've now had 2 weekly candlesticks close above the upper channel line.
It's clear that price is now consolidating just below the $70k psychological barrier and it seems to be only a matter of time before we're slashing through and continue towards the ATH level.
I have really started to like looking at the BTC ETF flow data to combine it with the technical view and again it adds up to a positive scenario.
Net inflows have increased to a new ATH and have grown by 20% since my last update exactly a month ago in our community.
The coming week will evolve around the elections and I don't expect a significant move until the election outome is clear.
Overall, my picture is bullish but it comes down to the elections this 5th of nov.
BTCUSDT BREAKOUT OR REJECTION?🔹 Current Situation:
Bitcoin is once again testing the top of its long-standing channel, currently around $69,000. Here are the two primary scenarios to monitor:
🔹 Bullish Breakout Path:
If BTC successfully breaks through the channel top and clears the previous high of $69,600, it may initiate a move toward the $71,000–$72,000 zone. The expected sequence in this scenario is:
Initial test of the $69,600 high
Retest of the channel top as support
Strong rally toward the $71,000–$72,000 target zone
🔹 Bearish Breakdown Path:
On the downside, a break below $67,500 could signal weakness and shift momentum towards a deeper decline. In this case:
First Target: $63,700
🔹 Divergences:
Bearish divergences are forming across multiple timeframes, suggesting potential downside pressure if a breakout fails.
Disclaimer:
⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
BITCOIN is the KING and upward movement is highly expected!Technical analysis and trade plan by Blaž Fabjan
Support and Resistance Levels:
Resistance Levels:
72,198.87 USDT
68,556.87 USDT
64,591.15 USDT
Support Levels:
66,333.98 USDT
61,758.48 USDT
60,301.68 USDT
56,902.49 USDT
The key levels indicate potential areas where price action could face resistance or find support, which might serve as entry or exit points.
Indicators:
Wave Cipher Divergences:
Wave Cipher shows divergences suggesting a possible upward momentum. Positive divergences with green dots could imply bullish continuation.
Relative Strength Index (RSI):
RSI currently reads 55.19, indicating a neutral zone, leaning slightly bullish if it moves towards 60. This suggests Bitcoin isn't overbought or oversold and could continue a gradual trend.
Stochastic Oscillator:
The Stochastic shows a value around 70.52, close to the overbought region (above 80). If it breaks further upward, it may signal an overbought state, potentially leading to a correction.
Hull Moving Average (HMA):
HMA appears to trend slightly downwards, showing a bearish trend in the short term. The value of -6.58 indicates a bearish momentum, which may warn of a potential short-term pullback before any significant uptrend resumes.
Price Action:
The chart shows a potential breakout attempt around the 66,333.98 USDT level, where price action previously tested and retraced. A consolidation near this level could suggest that bulls are preparing for an upward push, especially if price breaks above 68,556.87 USDT.
Volume Analysis:
Volume shows a steady, moderate increase, supporting the upward trend. This moderate volume increase without large spikes could imply gradual accumulation rather than distribution.
Trading Plan
Long Position (Bullish Scenario)
Entry: Consider entering a long position if the price breaks and holds above the 68,556.87 USDT resistance level with volume confirmation.
Stop Loss: Set a stop loss slightly below the 66,333.98 USDT support level to mitigate risk in case of a false breakout.
Targets:
Target 1: 72,198.87 USDT — aligns with a strong resistance level and provides a conservative target.
Target 2: 75,553.67 USDT — the next significant resistance level, offering a favorable risk-to-reward ratio.
Short Position (Bearish Scenario)
Entry: Consider shorting if the price fails to hold above 66,333.98 USDT and shows bearish confirmation, such as a breakdown with high volume.
Stop Loss: Set a stop loss above 68,556.87 USDT to avoid risks from potential false breakdowns.
Targets:
Target 1: 61,758.48 USDT — a nearby support level that provides a logical take-profit point.
Target 2: 60,301.68 USDT — serves as a secondary target if the bearish trend strengthens.
Risk Management: Given the proximity to resistance and support levels, using a risk/reward ratio of 1:2 or higher is advisable to maintain favorable trade setups.
Monitor Divergences: Keep an eye on divergences in the Wave Cipher, RSI, and Stochastic Oscillator for potential trend reversals or continuations.
News and Market Sentiment: Be mindful of broader market sentiment and news events, as these can influence Bitcoin's price behavior, particularly near key levels.
This trading plan provides a structured approach to capitalize on potential breakouts or breakdowns, balancing both bullish and bearish scenarios.
Ethereum can't escape from bear grip, targets $882 firstThe price of the second largest cryptocurrency can't raise its head to catch up with
elder brother Bitcoin.
I detected three signs that the bear trend could resume soon.
1) price broke below 52-week (past 1 year) moving average and during retest it failed to break back above it;
2) RSI is below 50, bearish, also retested the resistance and failed either
3) clear consolidation on the price chart, which implies the resumption of primary downtrend
The price could retest the bottom of the first leg at $882.
The ultimate target is to complete the full cycle and touch the very bottom of $78, which, indeed, sounds apocalyptical.
ATCryptoScan : BTCUSD at that time before launch againLooking back at the BTCUSD weekly charts, there appears to be similar, if not the same, technical conditions before the start of a massive BTCUSD rally. This comes with both MACD and VolDiv crossovers and a breakout of a trendline after a period of consolidation.
Marked out by time lines, the Green lines are the most similar to current (yellow), and the orange has only a differing VolDiv. All are breakout points and appears to be great accumulation start points for the next year or two.
Just weeks ago, a similar technical set up was made, and today is a couple of weeks after...
Clear correlation here, so we know what the most probable for the next year going forward...
Seriously Bullish BTC
PS. this is the repeat post... the amended version.
The key is whether it can rise above the 1st section
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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(BTCUSDT 1W chart)
When a new candle is created, you should check whether there is support near 68393.48.
And you should also check what movement the StochRSI indicator will show.
From the current position, the important support and resistance sections are
- 68393.48-71280.01
- 65602.01-65920.0
- 61099.25
The three sections above.
If the price is maintained above the HA-HIgh indicator, a full-scale uptrend (stepwise uptrend) is likely to begin.
However, it is important how the BW (100) indicator section, 68393.48-71280.01 section, is broken upward.
-
(1D chart)
Therefore, the key is whether the price can be maintained by breaking upward through the first section, 68393.48-69031.99 section.
If not, you should check for support near 65920.71-67414.39.
Since the HA-High indicator on the 1D chart is formed at the 67414.39 point, the point to watch is whether it can receive support near 67414.39 and rise.
-
The StochRSI indicator is showing signs of turning upward.
However, it has not yet risen from the overbought zone, and StochRSI < StochRSI EMA.
Therefore, when a new candle is created, you should check how the StochRSI indicator appears.
When the StochRSI indicator falls below 50, the decline is interpreted as a strong decline, but eventually you will find the time to buy.
Therefore, when the StochRSI indicator is below 50, it is recommended to create a trading strategy from a buy (LONG) perspective.
If you trade from a sell (SHORT) perspective, you need to respond quickly and briefly.
The StochRSI indicator is not an all-purpose indicator, but it allows you to know the timing of response and the intensity of the wave to some extent.
Therefore, if you use the StochRSI indicator, you will have less conflict about whether to go up or down right now.
In addition, since you are more likely to trade in the direction of the trend, you will be able to reduce the number of times you cut your loss.
-
Due to the changes in the chart, the next volatility period is likely to start around November 4th.
So, let's check the overall flow when the new month starts.
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If you use the Linear Regression Channel indicator in TradingView indicators, it will automatically draw a parallel channel according to the current price position.
You can set the indicator settings to suit you.
However, the recommended settings are 50 (Length), ohlc4 (Source).
I think that chart tools such as trend lines, channels, and Fibonacci are tools for chart analysis.
Therefore, I do not recommend using chart tools to create trading strategies.
In order to create a trading strategy, you must have support and resistance points drawn on the 1M, 1W, and 1D charts.
If you have drawn support and resistance points, you can create a trading strategy by checking whether there is support at the support and resistance points by referring to the analysis with the chart tool.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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BTC - a last dip before new ATH ?The chart is in 3H cause couldn't zoom out more with lower timeframes :((
Pattern recognition at its best
since the low of the 10 October, the price action is an extremely exact copy paste of march/April ATH :
- A significant top, ATH for the first pattern and 3 months high for last week
- first take profits, to 200MA 4H for the first pattern, to 100 MA 4H, 4 days ago
- 2nd wave and 3rd wave higher than the second (almost hit ATH), the second wave has been made and BTC will probably make the third tomorrow
in April this followed a correction. The pattern was bigger in April in % price and in time, so we should see shorter waves and lower price movements now.
The conditions for this to continue as the last time and to see the last dip is to have a 3rd wave going around 69K :
- if we break above 69k the pattern get invalidated
- if we stay to long time above .618 fib extension at 66K3 the pattern get invalidated
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Careful don't mind me, I'm neutral on this idea, and will not do anything before seeing a clear path. What changes now from April is that the halving was priced in way before so I'm seeing also lot of reasons why prices could just go above 69k and fly from now
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Last but not least, BTC is for the moment following the orange path from my precedent idea, putting my target for fall 2025 at 240K, but this can change a lot
Good Luck
Cheers
BTC Quick Update: Bull Flag Breakout in Sight, Targeting $80k!Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
Welcome to this quick BTC Update!
BTC is currently trading around $67.5k and moving within a bull flag structure on the 4-hour time frame. A breakout from this flag is still pending, and there’s a chance we might see a brief drop to FWB:65K on Monday before a breakout occurs.
Once this bull flag breaks, the target is set at $80k.
Entry Range: FWB:65K -$66k
Target: $80k
Invalidation: 4-hour close below FWB:65K
What do you think of BTC’s current price action? Are you seeing this bullish setup as well? Share your analysis in the comments, and let’s ride this wave together!
Are you ready to go into space next week? $BTC Open interest has declined significantly, which is a green light for growth! I also wrote earlier about the concentration of leading assets in hands and that we will see card draws on a number of assets by market makers. From a technical perspective, we see consolidation above the parallel channel and an up trend at the 50 EMA. Blockchain analysis still points us to further upside, buckle up!
BITCOIN TARGETS 70000$ - BTC BULLISH MOMENTUM IS RISINGBitcoin recently broke and closed above the massive diagonal trendline that had been driving the weekly bearish trend since March 2024. This weekly breakout and close above the trendline gives me strong confidence that a bullish weekly momentum has begun.
After the breakout, Bitcoin retraced into the weekly demand zone and showed a strong rejection.
During this retracement, it also ran the daily swing liquidity and attempted to close below for six consecutive days. However, buyers defended the daily swing level strongly. This indicates that Bitcoin is likely aiming higher, with the first target set at $70,000.
Other targets can be seen on the chart as well, and I’ll be watching these levels, ultimately aiming for an all-time high.
I’m feeling quite bullish about the crypto market at the moment.