1-BTC
BTC potential to continue down..Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
62,500,potential area to look for short,could see more downside to come..
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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The meaning of this volatility period
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If you look at the overall flow, you can see that the highs and lows are getting lower.
Therefore, we can say that this wave has an important meaning.
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However, what do you feel when you look at the current situation?
Don't you think it will go up soon?
Since the StochRSI indicator is showing an upward turn from the oversold zone, it feels like an upward wave will come out if it gets support near the current zone (61099.25-61759.99).
However, if it shows resistance near 61099.25, you will think that a downward wave will come out soon.
If you proceed with a transaction in advance at this time, it may only increase psychological anxiety due to the fluctuation range, so you need to be careful.
- In order for an upward trend to start, the price must rise above 64748.70-65920.71 and maintain it,
- In order for a downward trend to start, the price must fall below 56204.13 and maintain it.
Therefore, the current section, 61099.2-61759.99, can be seen as the middle section of the section where an upward and downward wave begins.
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We have one reference information for starting a transaction.
That is the BW indicator.
This is because when the BW indicator forms a horizontal line at the lowest point (0) or highest point (100), it can be judged as a signal that it is time to start a transaction.
Then, you can refer to the movements of the three auxiliary indicators, StochRSI, DMI, and OBV indicators to determine the trading time.
I will say this again, in order to talk about auxiliary indicators, the support and resistance points drawn on the 1M, 1W, and 1D charts must exist near the price position.
If there are no support and resistance points drawn on the 1M, 1W, and 1D charts, it is better not to proceed with the trade.
Otherwise, if you start trading, it is highly likely that you will not be able to respond properly due to the fluctuations as the trade progresses.
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Currently, OBV is located at the 1.0 point.
This means that it is located between the middle point of the box section and the upper point of the box section.
Therefore, it also means that it is in a position where it can rise at any time.
However, since other auxiliary indicators (StochRSI, DMI) are not yet showing an upward trend, it is burdensome to start trading.
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Since the OBV of the 1M, 1W charts are showing a convergence, it seems likely that the direction in which it moves in the current section will determine the future trend.
Therefore, we need to check what kind of movement it shows after this volatility period (up to October 4-11).
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale upward trend 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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Bitcoin Bear BoxIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Followed the yellow path laid out last week, good week.
Count down is a bit messy, the market can get messy.
Held 60k and now returning to an AOI for me.
If this is going to continue down, a reaction in this box is ideal.
Trade Safe,
Trade Clarity.
10/4 Nice rebound. Can we crash now? Overview:
The AMEX:SPY opened Friday significantly higher than Thursday’s close, forming a bullish hammer candle and edging closer to its all-time high. This week closed higher than the previous week, though the previous week did see higher prices.
The NASDAQ:QQQ mirrored the S&P’s action, showing similar price movement. BlackRock continues dollar-cost averaging into its ETH ETF, while other major players remain on the sidelines.
One critical trend to monitor: Bitcoin has historically struggled to hit new all-time highs or maintain upward momentum when the Global Liquidity Index is in decline. Unfortunately, the index has been falling for the past 19 days.
You can learn more about Global Liquidity Index and add it to your chart:
The CME Fed Watch Tool has now removed the possibility of a half-percentage point rate cut in November, replacing it with a chance of no rate cut at all. Currently, 2.6% of traders believe there will be no rate cut in November, while 97.4% expect a 1 basis point cut. Even with a rate cut, it will take time for liquidity to flow back into markets. By the time that happens, Bitcoin may hit its bottom for this cycle, signaling the start of a new bullish phase. Be sure to have cash ready for that opportunity.
BTC Technical Analysis:
W: BTC’s price is nearing the Bollinger Band Moving Average (BB MA) at $62.6k. If Sunday’s price rises by $456, it would close at or above that level, offering temporary hope to bulls. However, a more critical level to watch is the previous weekly close at $64.1k.
D : After a significant pullback from the bull trap, daily resistance is set at $63.3k. Breaking that level will require significant momentum.
4h & 1h: No clear signals on these timeframes. In a limbo.
Altcoins Relative to BTC:
APT and TAO have remained stable over the last 5 days, showing no significant declines after BTC’s bull trap. Shorting opportunities might arise soon.
Bull Case: Looking at the past 28 days, we see a clear bullish trend with higher highs and higher lows. As liquidity eventually enters the market, more capital could flow into crypto, pushing prices higher.
Bear Case: On a broader scale, since the start of the year, the market is still showing lower highs and lower lows, suggesting bearish risks are still present.
Fear and Greed Index: 40.78 – Back to neutral.
Bitcoin : Downtrend Line Breakout
CRYPTO:BTCUSD Bitcoin : Uptrend signs can be seen in the short-term
After the price correction, it hit the resistance zone of $66,000 to the $60,000 support area
Now the corrective trend line has been broken and there is a possibility of short-term price uptrend
The uptrend wave continues until the support 60k is broken
Trading Setup:
There is a Trading Signal to Buy in BTCUSDT Bitcoin (4h)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 61300.00
⭕️SL @ 59700.00
🔵TP1 @ 65500.00
🔵TP2 @ 69000.00
🔵TP3 @ 73500.00
Previous signa l
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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(BTC) October predictions - BEAR & BULLHello Tradingview community!
As always: If these patterns I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
Alright.. the chart explains itself as you can see
We got 2 scenarios/targets for October:
Bull targets-> 66k-70k
Bear targets-> 52k-46k
I do find it more likely to go up than down.. Why?
Well Q4 in a bull market is usually heavy green and
especially towards a presidential election
Anyway, Keep in mind this is only an idea/prediction
that could easily be wrong in many ways.
I will update this post in the future!
BOOST if you like it and follow for more
NFA DYOR <<<<-----
Bitcoin: looks like we're on track (check previous post)In my previous post I talked about a potential head & shoulder forming. Now, a while later, it shows that it is actually following the idea. This could be a big indicator that the market is done with accumulating and making itself ready for a good old pump.
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BTC btc "arrowhead"neutral zone orange line based on past moving averages and current measurement up to november 1st 2024,. Purple lines represent arrowhead fibonacci of price above and below the standard average neutral between support and resistance based from all the way back to october 2024, one year prior. Not a lot of activity above 160%, main range of bitcoin remaining in 78% lower half and over 100% gains upper region.
Support range: 61099.25-61759.99
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As the volatility period began, the movement in the opposite direction as expected occurred.
Even if it rises, it was expected to be around 61759.99, but it has risen more.
Accordingly, the key is whether it can receive support around 61099.25-61759.99.
This volatility period is expected to be around October 5-10 (up to October 4-11).
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Since it has risen above 61759.99, you need to check if the StochRSI indicator rises in the oversold zone or switches to a state where StochRSI > StochRSI EMA.
If not, if you buy first, you are likely to feel psychologically uneasy.
Therefore, if it continues to rise, it is recommended to check if it is supported near 62856.30.
If you want to buy when the BW indicator or StochRSI indicator does not meet the purchase timing conditions, it is recommended to approach it with scalping or day trading.
Important support and resistance zones are marked with circles, so you should respond depending on how these zones are broken.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising 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 be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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BTCUSD: Holding the MA50 (1w) and parabolic rally starting.Bitcoin tested and held the MA50 (1w) twice in the past 2 months.
Based on the last 2 Cycles and in particular October 2020 and 2016, such a rebound on the MA50 (1w) initiates the parabolic rally of the Cycle.
Trading Plan:
1. Buy on the current market price and hold until maximum August 2025.
Targets:
1. 100000 (minimum psychological target for those who don't want much risk on their holdings).
2. 230000 (maximum extension based on the notion that the price will rise approximately the same degree (+368%) as it did from the 2022 bottom to the March 2023 High).
Tips:
1. It is important to keep in mind that the Bull Cycle is far from over. It tends to peak towards the end of each year on a 4 year Cycle. First December 2017, then November 2021. This is why it is recommended to be out of the market by August 2025.
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Notes:
Past trading plan:
XYO xyo "price return"The price of XYO has flipped over from a falling movement to a growing movement after being in a slump for a very long time; As some may already know from the blatantly obvious change in position for the price of XYO. The indicator proves this to be true rather than rely on the fact that the price increased through a slight spike in price last week and so on. The price reflects the death trap descend based on BTC falling in price at the same time that XYO was finally gaining in price. Typical of a scenario where a cryptocurrency does well and the BTC people have complete control over the system to collapse the price of minor tokens when they at long last increase in price thus shuttering the momentum and possibility for the smaller tokens to receive attention. Once the price suddenly collapses, as it did so when BTC fell in price, the momentum is broken and the trivial aspect of interest from outside investors reduces. Nevertheless, Solana does well, Polygon does well, Tron does well, practically every known cryptocurrency on the CoinGecko list of SEC coins/tokens does well over the long term except XYO, conspiracy,.
BTCUSD: An insane rally is starting courtesy of the USDT Dom.Bitcoin is rebounding today aggressively on the 1D MA50, being only neutral on its 1D technical outlook (RSI = 52.075, MACD = 23.455, ADX = 23.455), indicating that the upside potential is tremendous. One correlating asset in particular is showing that an insane rally is about to start, and that's the USDT Dominance. It is about to make a bearish reversal which on October 12th 2023, kickstarted the last strong rally of Bitcoin. We expect 100k to be met on this one.
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BTCUSDT - DIAMONDdiamond, given the figure of benefits should be up, the sideways will tighten and maximize liquidity. A good pattern to allocate funds on hayahs, and after that again a set of positions at the bottom of the diamante. Plus minus the diamond stretches for 333 days.
It is worth considering the potential for a false breakout and then a sharp roll in, so those who like to breakout serious levels should be more careful. Special attention to fractality.
Bitcoin's Next Move: Bullish Continuation or Bearish Reversal?Hey, traders! Artem here with another Bitcoin update. Let's dive into the 4-hour chart and explore the recent price action to see what’s been happening since last week.
Bitcoin has broken through key levels , hitting a new high of $66,566 last Friday , and this could signal a potential uptrend . But is it all bullish, or should we watch out for a reversal?
On the chart, we’ve got a fresh Higher High (HH) at $66,566 and a Higher Low (HL) at $52,400 , which typically suggests bullish momentum. However, there's a Rising Wedge pattern forming , which is often a bearish signal . Bitcoin has broken out of the wedge, moving down from $66,000 and is now trading around $63,570 , near a key support level at $62,800 (marked in blue).
If this support holds, we could see some sideways movement followed by an upward continuation. But if the selling pressure continues and $62,800 fails, we might see a further decline toward $60,848 , with $61,824 (marked in red) as a critical level to watch.
What’s your take on Bitcoin this week? Are we going long or short? Share your opinion in the comments – I’d love to hear your strategy!
If you found this analysis helpful, don’t forget to like and follow for more market updates. Let's see where Bitcoin takes us next!
Will Bitcoin reach 58,000?The 60,000 range is a good support for Bitcoin to go back up. If the price moves up from this area, it is likely that the Sharpe growth is expected by the market.
But we have another important support in the range of 58000, which reaches the trend curve at the same time.
In this area, we reach oversold in the daily time, which increases the desire to buy bits.
In case of failure of this support, we have another support in the range of 54,000, which we reach by breaking the trend curve.
By hitting that area, we can expect the price to return and a pullback to the broken trend curve.
After that, we should see the price correction in the weekly time and reach the price range of 40,000.
Conclusion:
The most important current support area is the 58,000 range, where we expect a return.
Have your say on the price future.
In the following, you can see the link of past analyzes and their detailed results.