Important Support and Resistance Zones: 95904.28-98892.0
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(BTCUSDT 1M chart)
It has risen by about 500% so far.
I think profit taking is naturally taking place as it rises to a new price range.
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(1D chart)
Therefore, the point of interest is whether the price can be maintained around 95904.28-98892.0 or higher until the next volatility period.
If BTC maintains its price around this range, it is expected that the upward trend will continue to create an altcoin bull market.
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The 95904.28-98892.0 range is a range composed of the HA-High indicator and the BW(100) indicator, and can be considered a high point range.
Therefore, if it falls below this range, it is likely to fall further because it has fallen from the high point range.
Therefore, the key is whether the price can be maintained when the M-Signal indicator on the 1D chart rises within this range.
As mentioned earlier, if it falls below the M-Signal indicator on the 1D chart and encounters resistance, it is likely to meet the M-Signal indicator on the 1W chart, so you should think about a countermeasure for this.
If it falls below the 95904.28-98892.0 range, it is expected that altcoins will show a sharp decline.
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(1W chart)
What we should be interested in in this movement is how the StochRSI indicator on the 1W chart resets.
We need to see if the StochRSI indicator resets with a large decline or if it resets sideways.
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If the price stays around 95904.28-98892.0 or higher until the next volatility period, it is expected to move upwards towards the Fibonacci ratio 2.24 (116940.43).
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Have a nice time.
Thank you.
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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.
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(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.
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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.
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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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1-BTC
BTC/USD 4hr Awaiting ConfirmationQuick Take!
BTC/USD 4hr
The sentiment still appears to be bullish and uptrend still holding so if the current and next candle close green, there's a strong probability to the upside but as price is still testing support I would still like to see more optimal RSI conditions before making the long call.
If the next candle closes bearish, looking to short at levels as per the chart.
As always, looking for minimum 3:1, trail, and keep stops tight!📈📉
#Bitcoin #bitcoin100k #XRP #BTC #Ripple
Bitcoin Support TrendlineBitcoin has officially achieved a $100k price point. 6 digits never looked so good.
At the time of posting this, it has shot back down below $100k and I'm posting this trendline again to help predict some potential support for Bitcoin in the short term.
BTCUSD continues to put in higher lows on the 4H. The last bounce off this trendline pushed us above $100k so lets see if BTCUSD uses it as support again.
BTCUSD: Target range updated to 200,000 - 300,000.Bitcoin is overbought on its 1W technical outlook (RSI = 77.125, MACD = 9127.400, ADX = 41.734) but during Bull Cycles, this is by no means a factor to consider turning bearish. Quite the contrary when the 1W RSI in particular crosses above the 70.000 level, Bitcoin turns parabolic. The Top is priced only long after the 1W RSI starts to pull back inside a Channel Down. Bitcoin is now inside a 7 year Channel Up and the current 3-week consolidation phase is the same pattern we saw in Nov-Dec 2020, which broke into a more aggressive rally to the Channel's top. A valid TP range now is 200,000 - 300,000.
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BTC a comprehensive analysishello guys...
let's investigate about BTC through Elliot!
Wave 1 to Wave 4:
Wave 1 initiates the bullish trend.
Wave 2 consolidates into a flat or corrective pattern.
Wave 3 is extended, showing a strong upward trend (impulse).
Wave 4 forms a triangle or corrective structure, preparing for Wave 5.
as you know there are 3 common alternative waves 5 right now!
the first scenario is wave 5 be the %61 of wave 3! It means the current situation!
Conservative Target (96,598.96 - 0.618 Fibonacci Extension):
Analysis: Wave 5 terminates slightly above the end of Wave 3. This scenario suggests that Wave 5 could face resistance near the 0.618 Fibonacci extension and align with market exhaustion after an extended rally.
Outcome: A shorter rally indicates that market momentum may slow down significantly.
Likelihood: Low to Moderate
Why?
Wave 3 extension is significant in your chart, often a sign of a strong uptrend. Wave 5 typically equals or exceeds Wave 3, so a short Wave 5 is less common unless momentum is weak.
When is it likely?
If resistance is around $96,600, it is due to overbought conditions or lack of demand.
If Wave 5 follows a truncated structure (which happens in rare cases).
The second scenario is that wave 5 be as high as wave 3
Moderate Target (146,754.93 - Fibonacci 1.0 Extension):
Analysis: This scenario assumes Wave 5 reaches parity with Wave 1 and Wave 3 in terms of magnitude. It aligns with the 1.0 Fibonacci extension, a key projection level in Elliott Wave analysis.
Outcome: Suggests sustained bullish momentum, supported by volume and macroeconomic conditions.
Likelihood: High
Why?
Wave 5 extension parity with Wave 1 or Wave 3 is typical in Elliott Wave theory.
A target at the 1.0 Fibonacci level reflects a balance between bullish momentum and market saturation.
Cryptocurrency markets often respect Fibonacci levels, especially during trends.
External factors like increasing institutional adoption (e.g., Bitcoin ETFs) and positive sentiment around Bitcoin could support this scenario.
When is it likely?
If the broader macro trend supports continued momentum (e.g., dollar weakness, institutional inflows).
If the market exhibits sustained volume without becoming overheated.
and the final scenario
Aggressive Target (288,680.96 - 1.618 Fibonacci Extension):
Analysis: Wave 5 enters a parabolic phase, often seen in cryptocurrency markets during speculative mania. The target aligns with the 1.618 Fibonacci extension, indicating a highly extended rally fueled by exponential growth or hype.
Outcome: This could lead to market overvaluation, followed by a sharp corrective phase.
Likelihood: Moderate
Why?
While Bitcoin is known for its parabolic rallies, such an aggressive extension would require exceptional circumstances.
Potential drivers could include:
Rapid institutional adoption.
Major geopolitical instability driving demand for hard assets.
Speculative mania (e.g., retail FOMO, media hype).
However, achieving this target would likely trigger a significant correction afterward.
When is it likely?
If Bitcoin enters a speculative "blow-off top" phase like in late 2017 or 2021.
If external catalysts (e.g., Bitcoin halving effects, spot ETF approvals, mass adoption) align simultaneously.
Prepare for the moderate scenario ($146,754) but remain flexible. If the market displays speculative characteristics, the aggressive scenario ($288,680) becomes more probable. Conversely, signs of exhaustion at lower levels could limit the rally to $96,600.
UPDATE ETH ***ATH FOR ETHEREUMHello friends
As Bitcoin managed to register a new ceiling, so Ethereum can...
I told you before that the movement of Ethereum is going up and the probability of hitting the ceiling is very high.
Now I have marked the specified targets with a green line that can be reached.
The purchase range is 3900, which is not a problem with a 2% difference.
Note that with the upward trend of Ethereum altcoins.
They are placed in great opportunities, so follow us.
gold currently at 2646 and the 1-hour trend showing bearishWith gold currently at **2646** and the **1-hour trend showing bearish momentum**, this aligns well with your sell entry at **2647** targeting **2622**. Here's OANDA:XAUUSD how the setup looks:
Current Position Analysis:
*Price**: 2646
-Trend**: 1-hour timeframe bearish (indicates downward pressure).
Strategy Insights:
1. **Entry Timing**:
- Since the price is hovering around your intended entry (2647), you could open the position soon, provided the bearish trend is confirmed by indicators such as moving averages, RSI, or MACD.
2. **Target**:
- Aim for 2622, which is 24 points below the current price, offering a potential profit depending on your lot size.
3. **Risk Management**:
- Set a **stop-loss** to guard against reversal. A level around **2655-2660** could be reasonable, depending on volatility and resistance zones.
4. **Confirming the Bearish Trend**:
- Look for additional confirmation like:
- **Candlestick patterns**: E.g., a bearish engulfing pattern.
- **Volume**: Decreasing on pullbacks and increasing on sell-offs.
- **Support levels**: Ensure 2622 aligns with a key support zone.
Would you like help analyzing charts or identifying technical levels?
BTC BriefingHi Traders,
Look at 1H
Possible area to mitigate the residue orders as indicated.
Also, it shows 0.618 retracement at the same time.
Order block area indicated was resistance break out zone.
It shows many beneficial matters for placing an position later.
Waiting is key for long run trader.
Good luck.
Where is my bitcoin shorters at? Haha , best TA back at youLet me explain, do you want to make money? do you want to become rich? think like the rich and act like the rich. patience is the key to success
all the people who get sad and mad and liquidated because they want easy fast wealth. for u shorters out there keep shorting bcs we need u all in order to moon harder. microstrategy , blackrock is buying and you think 'let me short' some people make me laugh.
retail interest is JUST getting started and we are set for a liftoff with both ETHEREUM , followed by mid and small caps.
MY PERSONAL OPINION ON THE MARKET : BITCOIN MAY NEVER GO UNDER 100K ANYMORE , this level is a psychological number that will be the strongest support that bitcoin has ever seen. Michael saylor and blackrock and papa Trump and our boy Elon will soon make us lift off the ground even more.
EY what do you wait for? give a like and lets make these shorters a bit mad XD
BTC | BITCOIN ATH | ALTSEASON A comprehensive analysis today on my take regarding Bitcoin , BTC All time High, and for how long we can still expect to see altseason.
When I say altseason, what I am referring to is hard pumps and large increases, scattered across the altcoin market.
In the previous BTC update, I considered an ATH between 99k and 105k. More on that here :
Today's main "concern" is really whether or not the alt-rallies are finished - and I say, not yet .
___________________
BINANCE:BTCUSD CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
BTC broke $100,000!!!!Hello everyone, I invite you to review the current situation of BTC in pair to USDT on a 4-hour interval. As we can see, the price with a strong upward movement left the triangle in which we were moving.
The upward exit from the triangle provided the energy to break through $100,000 and currently we are approaching the resistance at $106,257, only when the price goes further will we be able to see a move towards $114,000.
However, if the current upward movement reverses, the support zone from $101,000 to $98,700 should be observed. However, when the support zone is broken, we can see the price quickly return to the level of $95,400 and then drop to around $90,000.
Bitcoin can enter to seller zone and then start to fallHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a few moments ago entered a wedge, where it at once rebounded from the support line and started to grow. In a short time, the price grew to the 91500 support level and even a little higher, reached the resistance line of the wedge, and then made the correction, after which some time traded inside the buyer zone. Later BTC broke the 91500 level one more time and rose until to the 98000 level, which coincided with the seller zone and even entered to this area, after which it turned around and started to decline. Price exited from wedge and started to trades inside range. In range, the price declined below the 98000 resistance level, to the support level, after which BTC turned around and quickly rose back. Price some time traded near the resistance level and recently it little declined, but then started to grow. So, in my mind, BTC can enter to seller zone and then start to fall to the support level. For this case, I set my TP at the 91500 support level. Please share this idea with your friends and click Boost 🚀
So the Bull market started you said? :) Long $BTCTechnical and Fundamental look into Bitcoin.
Bitcoin has recently achieved an all-time high (ATH) of around $104,000. The current trading price is slightly below this peak, suggesting a possible consolidation or minor pullback.
The chart here indicated that Bitcoin is currently trading just above a significant resistance level at approximately $102,934.71, which could now act as a new support if the price holds above this level. There's another resistance level higher up, indicating where the price might face selling pressure if it attempts to rise further.
This pattern/idea shows support levels at around $59,022.02, which is quite substantial, suggesting that this was where buyers have historically stepped in. A break below this level could indicate a deeper correction, but as of now, the price is far above this support, indicating STRONG BULLISH SENTIENT.
For this chart's trend it shows clearly that it has been predominantly bullish, with a series of HIGHER HIGHS and HIGHER LOWS! More Bullish Sentiment! The presence of green candlesticks in recent days suggests that the market has been closing higher than it opened , indicating continued buying interest. However, the presence of some red candlesticks near the ATH might signal profit-taking or a short-term bearish sentiment.
The volume on this chart or the indicator at the bottom of the chart shows increased trading volume as Bitcoin approached its ATH, which is typical when prices reach new highs. This could mean that there is significant interest in Bitcoin at these levels, but it also suggests that any move up or down could be volatile.
The Indicators over the chart in red and green arrows indicate the potential buy or sell signals based on various indicators or patterns. If these are based on moving average crossovers, RSI divergence, or other momentum indicators, they could be suggesting entry or exit points for traders.
Conclusion:
If the price can break and close above the higher resistance level with significant volume, it might signal the continuation of the bullish trend, potentially targeting new highs.
Conversely, if the price fails to break this resistance and starts forming lower highs, it might be a sign of a potential reversal or at least a period of consolidation. Watch for any bearish divergence in momentum indicators like the RSI or MACD, which could warn of a potential downturn. For those considering entering a long position, waiting for a pullback to the current resistance-turned-support level could offer a better risk-reward ratio, as this level might now attract buyers. Given the proximity to the ATH, traders should also be cautious of overbought conditions, which might lead to a sharp correction. Setting stop-losses below key support levels would be prudent.
PLEASE REMEMBER: Trading Cryptocurrencies like Bitcoin can be highly volatile, and while technical analysis can provide insights, external factors like regulatory news, macroeconomic conditions, and market sentiment can greatly influence price movements. Always do thorough research and consider your risk tolerance before making trading decisions. THIS IS NOT INTENDED AS FINANCIAL ADVICE. Rather a self help and documentation of my own journey into cryptocurrency! Let's make sure we leave nice comments and leave or talk about what is useful! But random comments are OK! :)
Be Ready For A 20%+ Pullback On BitcoinTraders,
With the 100k psychological resistance almost hit today and just above that our 1.618 Fib Retracement from previous high in 2021 to its low during the bear market, I think it is time we consider some pullback from Bitcoin. I sometimes like to take a look a MSTR to see what it's doing as it often drops clues as to what Bitcoin will do next. Today MSTR dropped nearly 22%. That's interesting because the level of pullback that I have been discussing for Bitcoin is to that 76k price level, around 22%.
I may actually even pull the trigger and short BTC at 100k and then DCA in another load at 102k but I am not sure we'll even get there before we start to pull back.
✌️ Stew
HelenP. I Bitcoin will rise a little and then fall to trend lineHi folks today I'm prepared for you Bitcoin analytics. A not long time ago price rebounded from support 1, which coincided with the support zone and started to decline. In a short time, BTC declined to 95700 points, after which tried to grow, but when it reached support 1 then continued to fall. Bitcoin declined until to trend line, thereby breaking support 2, which coincided with one more support zone. But soon, price turned around and in a short time rose to support 2, broke it again, rose a little more, and then made the correction. Next, the price tried to grow to support 1, but failed and later dropped to the trend line, which soon broke and fell to support 2. After this movement, the price some time traded near this level and then made a strong impulse up, thereby breaking the trend line with support 1 and even recently reached a new ATH (104K), after which made a small correction movement. For this case, I expect that BTCUSDT will rise a little and then start to decline to the trend line, therefore I set my goal at 101500 points, which coincides with this line. If you like my analytics you may support me with your like/comment ❤️
Another amzing signal, captured 7000+ points in totalYesterday was an amazing day and trend captured from the bottom and sentiment remained throughout the night and had amazing and awesome captures of points..
it was either bullish or sidways.. and in chart you can see both.. green was bullish sentiment for buy and no color / charting color was sideways market. till now market is sideways and no signal has been generated so far on 15 min time frame.. this is the real power of my sentiment cycle indicator (PAID)
Can Bitcoin reach 100k?Hello, Traders!
Bitcoin price keeps reaching new all-time highs following the recent U.S. election. BTC recently surged past its previous ATH and quickly touched the 80k level. Now, many traders are wondering - how much higher can Bitcoin go before we see a correction?
Based on current trends, Bitcoin can potentially reach the 84k-86k range before taking a breather. However, this will largely depend on external factors, such as Bitcoin-ETF activity, political statements, and overall market sentiment.
At the moment, market sentiment remains extremely bullish, which suggests that Bitcoin upward trend may continue for some time. However, if a correction does happen, the 74k support level will likely play a key role in determining whether the uptrend continues or not.
On the other hand, BTC price might just keep pumping up to 100k before correction happens.
Please don’t forget to boost this idea and leave your comments below.
ROAD TO 125K !!!ROAD TO 125K !!!
Maybe your biggest risk is your biggest chance.
Do you believe that ?
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!!
Pi Cycle Indicates The Bottom of BTCThe Pi Cycle just triggered the Bitcoin bottom.
This is the 3rd time in the history of the bitcoin Pi cycle has shown the bottom signal, this indicator accurately predicted the Bitcoin bottom in 2015 and 2018.
if this indicator works for the third time then we are at the bottom of the bitcoin bear cycle.
Thanks
Hexa