BTC - Daily Repitetive PatternsNo words!
You tell me what happens next?
The BTC price recently fell from the top of the channel, and after breaking the support trend line, it made a pullback to retest the broken trend line. This pullback indicates a potential continuation of the bearish movement. Based on the pattern, it looks like Bitcoin could be setting up for another drop.
1-BTC
BTC/USD: HBO Set to Unmask Satoshi HBO’s documentary Money Electric: The Bitcoin Mystery, airing tonight at 9:00 p.m. EST, is expected to present compelling evidence on the identity of Bitcoin's creator, Satoshi Nakamoto.
Speculation surrounds figures such as Hal Finney, Nick Szabo, Adam Back, Len Sassaman, and David Kleiman, with Sassaman emerging as the frontrunner on prediction market Polymarket.
Should Sassaman, Kleiman, or Finney be fingered, analysts say it could have a positive impact on Bitcoin’s price, as all three are deceased, reducing the likelihood of a selloff from wallets linked to Nakamoto, which hold an estimated 1.1 million BTC.
On the 4-Hour chart, Bitcoin keeps coming back to $62,500 despite recent volatility and larger price wicks.
BITCOIN Cup and Handle completed. Next stop $77500.Bitcoin / BTCUSD has found support on its 1day MA50 and that support appears to have completed a major pattern.
That is the Cup and Handle, with the Handle being the one to find support on the 1day MA50.
A 1day candle closing over the 1D MA200 will confirm the upside break out.
The target is the 2.0 Fibonacci level (77500).
Follow us, like the idea and leave a comment below!!
Bitcoin's local perspective 07.10.24Now, INDEX:BTCUSD has formed an ascending pattern AMEXP (yellow)👇
that describes a correction within the previous descending pattern AMEXP (red)👇
If now the price can break through the $64,076-$64,236 zone, we may see a continuation of growth with targets at $64,738 and $64,955, followed by a correction to the range around the $62,368 level.
After that, we will have to watch the reaction to this zone and the trend line in more detail, as there is a possibility to go to $66,000, and there is a possibility to renew the swing low and say hello to $57,834 - so the area around the $62,368 level will be an important place for decision making.
#TROY/USDT#TROY
The price is moving in a descending channel on the 1-hour frame and is sticking to it strongly and is about to break upwards
We have a bounce from the lower limit of the channel at a price of 0.001540
We have a downtrend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.001570
First target 0.001616
Second target 0.001650
Third target 0.001690
BTC Daily ReviewBTC wicked into daily fair value gap and got rejected there. Now that bullish move is done and failed, next should be bearish response. Nearest liquidity pool is under 61600 and support starts under 61000.
Developing Year VWAP 59630 is the border between early bounce and deeper and bloodier correction, where potential target moves to September buy tail EQ around 56k.
Reminder that overall chart structure is bullish and will stay that way until BTC cross below 52511. All the dips above that value will form higher low. Higher high at 66450 - only after BTC grow above that value the lower move potential will move up as well.
www.tradingview.com
Nearest liquidity pools:
above - 63115 / 64786 / 65412 / 66120
below - 61600 / 61237 / 60652 / 59961
Lines on the chart:
🔸64601 - July close
🔸63309 - September close
🔸62766 - June close
🔸58942 - August close
🔸57446 - day swing fractal
🔸56000 - September buy tail EQ
Oct.1-Oct.7(BTC)Weekly market recapAfter the Federal Reserve cut interest rates, the Asia-Pacific markets, especially the Chinese stock market, experienced a strong rebound. On one hand, due to U.S. restrictions on China in the import and export sector, the Chinese stock market has underperformed relative to the Nikkei and the Mumbai Index. On the other hand, the Chinese government recently announced a reduction in the bank reserve requirement ratio to enhance market competitiveness following the U.S. rate cut.
Although increased liquidity in the Chinese market benefits various assets, the U.S. market still dominates in cryptocurrency trading, and the Chinese market has a certain degree of closure. Therefore, the performance of the Chinese stock market will not impact the cryptocurrency market. This can also be seen in the stable performance of BTC ETFs recently.
Last Friday's non-farm payroll data did not show significant deviations, so the market will not conclude that we are entering a recession or recovering from inflation; instead, the economy remains under the control of the Federal Reserve. The CPI data to be released this week will further confirm this. If the CPI data does not significantly deviate from expectations, the market will still be driven by bullish sentiment.
BTC retraced after reaching 66,000 and has slightly rebounded this week, remaining within its previous trading range. According to the WTA indicator, whales have not taken action over the past week, with the blue bars representing whales and trading volume maintaining average levels. The ME indicator has switched back to a purple bullish trend, and the frequent switching indicates that we are currently in a consolidation trend.
In summary, we believe that BTC may continue to oscillate this week, with the potential for an increase greater than that for a decrease. We maintain our original resistance level at 68,000 and support level at 62,500.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
BITCOIN fractal alert! Happening exactly like last October!We talked a while ago regarding the 'October effect' (August 28, see chart below) on Bitcoin (BTCUSD). But today we need to make an urgent analysis as it appears that the market is repeating almost the exact sequence of a year ago (October 2023).
The similarities are more obvious on the 1D time-frame where the price is currently ranged within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The most recent time it traded like this was exactly one year ago, back in the first two weeks of October 2023.
As you can see, during that time BTC also made a marginal break above the 1D MA200 before quickly pulling back below it. After it tested and held the 1D MA50 (as it did no on October 01 2024), is started the long-term aggressive rally of the Channel Up that peaked on March 14 2024.
As long as the 1W MA50 continues to hold as the long-term Support, there are high probabilities of seeing 100k, even before the end of 2024.
But what do you think? Do you see realistic the scenario of repeating the post October 2023 rally? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Bitcoin resistance at 65800The short-term resistance of Bitcoin is 65800.
By reaching this resistance, there is a possibility of correction.
As long as we have the support range of 61,000, we have the possibility of breaking the resistance.
But in case of failure of the support of 61000, we will have the support range of 57000.
If the resistance of bitcoin is broken, and pullback to the trend curve, the upward trend of bitcoin will continue.
Share your opinion with me.
Don't forget to boost and follow.
10/7 Can BTC hold bullish trend or was it a fake break out?Overview :
The AMEX:SPY posted a decisive red candle today, with a strong bearish body. It’s rare to see appreciating equities while global liquidity has been declining for 21 consecutive days. The index is now trading at the lower end of the range established after the rate cut. The main sectors pulling it down include big tech (with the exception of beloved NVDA, which rose 2.24%), as well as utilities, insurance, and finance. On the other hand, oil, gas, and healthcare showed gains.
Since Friday, the number of traders expecting no rate cut in November has quadrupled from 2.6% to 13.7%. This reflects market uncertainty: while no rate cut means continued tight credit conditions and less liquidity, it also signals the Fed’s confidence in a strong job market and rising salaries. The question remains, which factor will weigh heavier on speculative assets like crypto? Less liquidity suggests a bearish outlook, but a stronger job market could be bullish.
This week could be pivotal for crypto. The question is whether BINANCE:BTCUSDT will hold above the 61.5k support level or break down, ending the fifth wave of this year’s crypto bull run.
BTC TA :
Weekly : After bullish momentum yesterday and earlier today, Bitcoin has since corrected. It’s now sitting at the BB MA and has moved away from the biggest volume node, leaving the point of control (POC). The 61.3k - 62.6k range isn't seeing much volume, and BTC will either hold above this or break through, which would be critical.
Daily : Bitcoin retested the MM BA resistance after falling beneath it. Monday ended with a bearish hammer, signaling caution. No major divergences were spotted on key indicators. Last week on Friday we wrote "Daily had a nice pull back after dumping from bull trap. Given the last 16 days of trading, upper resistance is at $63.3 k. It will need a real miracle to brake that level." The promised pull back played out. Price actually rose to 64.4k. But miracle of braking it didn't happen.
4-Hour : No divergences, and the trend seems uncertain.
1-Hour : Over the weekend, Asian bulls pushed BTC upwards, triggering short liquidations that drove prices up to 63.9k. However, the upward movement was halted at the significant weekly resistance of $64 k. A pullback followed. Early Monday, U.S. bulls retested the $64 k level again, pushing prices as high as 64.4k. This retrace fell within the Fibonacci golden pocket, specifically between the 0.618 and 0.786 levels when measured from the high on September 27th.
Alts Relative to BTC: NEAR, APT, TAO, FTM, and SUI are outpacing BTC and other altcoins as Monday progressed. ETH and SOL, however, remain closely aligned with BTC’s movements.
Bull Case : Since early September, we’ve seen the beginnings of a new bull run, which could be fueled by potential rate cuts and improving macroeconomic conditions. A breakout from the bullish flag consolidation pattern forming on the weekly chart could lead to significant upside.
Bear Case: The fifth wave may already be over, and we could be headed downward, marking the end of this year’s bull run.
Fear and Greed Index : 41.49, indicating a neutral sentiment.
This week holds the key for BTC's next move. Will it hold support or break down? Stay tuned.
Bitcoin update 5000$ in a rowbtc exactly reacted where the supply area and gave 2000$ in sell side and upside almost gave 3000++ points and also market still running in sell side
📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me !
Best Regards , Davis 🥰
Hit the like 🤞🏻 button to !! Motive some energy !!🥇
📌 Note :
⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading
⨹ This is my pre and post market analysis to improve my trading journey 🚀
⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀
⫸ You are responsible for your trading ✅ not me ❌ ⫷
HAPPY TRADING 🥰
New wave start section: 61099.25-65920.71
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost".
Have a nice day today.
-------------------------------------
USDT is sideways, and USDC is showing a slight downtrend.
--------------------------------------
(NAS100USD 1D chart)
NAS100USD is sideways near 19852.4.
If it is supported and rises near 19252.4, it is expected to lead to an attempt to rise above 20313.8.
If not, and it falls, it should check for support near 19582.6, which is an important support and resistance area.
--------------------------------------
(IBIT 1D chart)
IBIT is the stock with the highest trading volume among spot ETFs.
Since the current chart was created not long ago, the role of support and resistance points may be weak, so caution is required when trading.
The key is whether it can rise above the 36.32-36.64 area and receive support.
If not,
1st: 35.40
2nd: 34.18
It is necessary to check for support near the 1st and 2nd areas above.
In particular, the M-Signal indicator of the 1W, 1D chart is passing near 35.40, so it is important to check whether there is support near this area.
From a trend perspective, the area near 34.18 is near the midpoint of the parallel channel, so it is an important support and resistance point.
-
With the launch of investment products related to BTC in the stock market, the movement of the stock market cannot be ignored.
Therefore, caution is required as the movement of the coin market may follow the movement of the stock market.
However, if more funds flow into the coin market, there is a possibility that it will show an upward trend regardless of the movement of the stock market.
In other words, there may be cases where investment products in the stock market rise while other stocks fall.
Therefore, there is no need to pay much attention to the movement of the stock market.
Currently, when the movement of BTC is slowing down, that is, when it is moving sideways, it is only worth referring to the movement of the stock market.
--------------------------------------
(BTCUSDT 1D chart)
As mentioned above, the USDT and USDC movements are weak sideways, so it seems that there is a limit to the increase.
Therefore, if USDC does not fall any further, it is expected to maintain the current level or rise slowly.
Otherwise, if USDC continues to gap down, we need to check for support near 61099.25.
-
The points 64748.70 and 65920.71 correspond to the HA-High indicator points on the 1W and 1D charts.
Therefore, it can be interpreted that a high point section is formed across the 64748.70-65920.71 section.
The HA-High indicator point on the 1M chart is formed at 61099.25, so it has already risen to the high point range from a long-term perspective.
Currently, the HA-HIgh indicators are arranged in a straight line.
That is, HA-High on the 1D chart > HA-High on the 1W chart > HA-High on the 1M chart.
Therefore, if it continues to rise and maintains the price above 65920.71, a full-scale uptrend, that is, a stepwise uptrend, is likely to begin.
-
To do this, it is recommended that the StochRSI indicator on the 1M and 1W charts is not in the overbought or oversold range.
This is because I think it will receive great strength if the value of the StochRSI indicator is in the 20 to 80 range when the first uptrend begins and shows an upward trend.
Currently, the StochRSI indicator on the 1W chart has entered the overbought zone.
Therefore, even if it rises right now, it will eventually show a downward trend.
Therefore, I think it is important to maintain the price above 61099.25 after this period of volatility.
--------------------------------------
The most important thing when trading spot is whether the price moving averages are aligned.
If the short-term to long-term moving averages are aligned, the upward trend is likely to continue.
Currently, the price moving averages of BTC are aligned.
However, the short-term and medium-term moving averages are converging.
Therefore, if the current price level is maintained, an upward trend is expected to begin.
Currently, the M-Signal indicator on the 1M chart is rising near 52K.
Therefore, if it falls as much as possible, it is expected to fall to the M-Signal indicator of the 1M chart.
In any case, from the perspective of the trading particle, the 61099.25-65920.71 section is the high point section, so whether there is support in this section is very important.
It is the last buying section before the full-scale uptrend begins, but it can also be the starting section of the downtrend.
Therefore, depending on which direction the price deviates from the 61099.25-65920.71 section and maintains it, a new wave will be created.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that the 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
-----------------
Alikze »» FTM | Wave 3 or C super cycle scenario - 2D🔍 Technical analysis: Wave 3 or C super cycle scenario - 2D
- In the analysis presented in the previous post in the weekly time frame, it was mentioned: it is suspicious of a head and shoulders pattern.
- So far, according to the previous analysis, the first target (supply zone) has been touched and it is currently above the target zone.
- In the analysis presented in the 4-hour time frame, it had a zigzag pattern, which is in wave one of three.
- In the daily time frame, it is located in an ascending channel, the previous corrective wave was able to form a reversal pattern in the range of 0.23 fibo.
- Therefore, I expect that it will face demand in the Buyer Zone and continue its growth with the failure of the middle of the channel up to the ceiling of the ascending channel.
In addition, after breaking the ascending channel, it will have the ability to reach the red box area (supply area).
So this bullish wave is wave 3 or big C, which will have the ability to grow up to the indicated ranges.
💎 Alternative scenario: If the Buyer Zone is broken and stabilizes below it, it can touch the 0.23 Fibo range again.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
OKX:FTMUSDT
Bitcoin Analysis - The big pictureLooking at the BTC 4H here. We see that the price is currently hitting the H4 Key Level and safety zone and rejecting from there strongly.
Based on the price action, I feel we're on the move down with the strong rejection. The price is likely to test the trendline, and bounce back, try a retest of the key level. Depending on whether the price is able to break the retest or not, we will see a new move to the either side.
There are some good scalping opportunities during this move that one can take using the smaller time frames till we see a clear direction from BTC.
Currently, I'm waiting on a confirmation pattern or a price action to confirm the move to the downside. All we see right now is a rejection from the key levels. It is also possible that BTC will retry to break the zone again which is why a confirmation pattern is really important to take a trade.
Just a simple analysis. I'll be doing a deeper one later when I have some time.
Hope this helps and happy trading!
BRIEFING Week #40: Money Starts to MoveHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Bitcoin - Time to buy again!Currently, it can be said that Bitcoin has completed its fourth corrective wave and from now on, the price can be expected to rise to the top of the triangle.
If the triangle breaks, we expect a new ATH to occur, but in new year.
Recently analysis
(Daily)
And (weekly)
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅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!!