BTC KEY MOVE NEEDED BEFORE VALHALLABTC/USD Daily Chart
The key to Valhalla
Falling below 75k and staying below would be a major redflag.
A retest is needed of the 75k area is needed to reset oscillators and to confirm the strength of this bull trend before 100K+
Bearish divergence on the daily confirmed.
1-BTC
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Bitcoin Cup and Handle Update Targeting $121,541 Before 2024 EndI recently shared a cup-and-handle pattern on a different exchange back on November 16th. Here's the updated version for Bitcoin it has already broken out and is now finding support around $96,500. This is on the weekly chart, and so far, it’s playing out well. The target for Bitcoin is $121,541.00. Wishing everyone good luck in reaching the 100K mark before 2024 ends! Drop a comment below if you think we’ll break 100K before the year is over.
MINA SWING LONG IDEA - CRYPTO MARKET ALTSEASON The price ran 2023’s swing lows and got rejected with an impulsive wick, bringing it back into the 2023-2024 range. I believe this action has reached the max pain point for this coin.
After sweeping significant lows, the price showed strong upward momentum, breaking the weekly structure and initiating a bullish trend. The daily upward momentum is also increasing, which suggests we may see some retracements, but the target is the purple lines, 2024 highs, and potentially smashing all-time highs.
The fundamentals of this coin are also strong. I believe the coin’s fundamentals will act as a catalyst, driving strong bullish momentum during the 2024-2025 altcoin season.
APTOS - APT COIN SWING LONG IDEA - ALTCOIN MARKET - CRYPTOAptos is one of the most useful Layer 1 chains in crypto right now. I believe the fundamentals of this coin are remarkable, and I expect it to perform well during the 2024-2025 crypto bull market.
The price is coming from the monthly demand zone. It swept the 2024 spring low before getting rejected from the monthly demand, which created strong bullish momentum. It also broke the diagonal trendline responsible for the bearish movement. Currently, both weekly and daily momentum are strongly bullish.
I expect the price to hit the daily demand zone and take off from there. It might form a small range around this level, but I believe we are targeting all-time highs.
JUP SWING LONG IDEA - JUPITER COIN SWING LONG - SOLANA CHAINFundamental Analysis: JUP is the top DeFi project on the Solana chain. It’s a strong project and one of my favorite DeFi projects in all of crypto. I have confidence in their team and vision. Recently, we’ve seen strong momentum in JUP alongside SOL's bullish movement.
Technical Analysis: The price is coming from the monthly demand zone. The weekly demand zone supported the price after testing the monthly zone, and it has broken the diagonal bearish trendline that was responsible for the mid-term bearish trend.
We recently hit and got rejected at the diagonal trendline responsible for the long-term bearish momentum. I believe we’ll see a small retracement from here before taking off, potentially aiming for new all-time highs.
BITCOIN - Price can bounce up from support line of 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 wedge, where it bounced from support line and started to grow.
In a short time, BTC reached the $90700 level, which coincided with the support area, and started trading below it.
Soon, price broke this level and rose to resistance line of wedge, but then BTC turned around and fell back.
Next, price finally broke $90700 level and later made retet, after which bounced and continued to grow.
Later it rose to resistance line of wedge again but then corrected to support line, after which started to rise recently.
Now, I think that price can fall to support line of wedge one more time and then bounce up to $104000
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BITCOIN BLX 1 Month Now, the Monthly chart is nothing to F with!
Take a look at the RSI with it at the bottom by the blue line, every time it was down there the next move up was a Bull run.
The Stochastic RSi is already curling up with the mouth opening about to gasp some air as it heads to the up side. Can we see continuation? KKEP AN EYE ON THIS!
A lot point to a Run to the upside is near, don't sleep on this.
CPI numbers tomorrow morning will cause Volatility, be ready. 8:30 am ET/ 5:30AM PT <---
Good Luck Out There!
BITCOIN VS THE EMA's (COLORFUL LINE EDITION)Another crazy looking chart.
Here's a neat chart that gives a picture of BITCOIN when you look at it from a bigger picture.
This is a scary point for BTC, it's somewhat on the edge of a cliff.
And if you look at the EMA's,
There are a few times when they have looked this overextended with the smaller EMA starting to come down closer to the 20.
Marked with flags.
So what does this chart mean?
Does it mean BTC will definitely go to 17k?
Idk, hard to say, but what I can say is bitcoin has some weird indicators and weird spring like trends starting to form.
Cycle wise, we should be topping out.
Which can really take the price down low.
But when we project out the numbers, and see BTC as a whole, and then consider where the price could be (100k to 1.2mil) we can see that a drop to 17k before a run to 120k wouldn't be the worst thing in the world as it allows the price to settle over the 50k mark, probably for a very long time.
But can we assume a drop to 17k?
No.
But we can project where a drop with a springlike move to the upside can take us.
So to follow the chart, connect the colors.
IF drop takes us to blue, and holds, good chance, we head back to blue.
If drop takes us to red, assume bounce back is huge.
I wouldn't be surprised to see 41 to 38k again in the near future.
If we start to break out, catching support at 62.9, watch for a sharp 70 or 80k rejection into a very similar move (steep drop, big return). If downside is sharp and fast, it likely returns to 52k to 62k pretty quickly, which then allows for the same confirmation at 62.9 without the need to return to 17k. That breakout at 62.9 with the downside having already completed should likely be a "launching point" in price, taking us to that 120k price target.
Why can we see such a big movement in a short period of time?
I'd assume or guess that it has to do with the nature of bitcoin, the news a crash could cause, a rush of institutional buying, and a drop in the overall market, and panic, lots of panic.
NOTE:
Projection line is a rough guess at best to show an idea, follow the price targets, as again, it doesn't have to drop that far, it doesn't have to drop that fast. But if it does, at least this chart will give you a rough idea of when you could try to buy into that fear.
Bitcoin: Is the Psychological Barrier of $100,000 Within Reach?Bitcoin: Is the Psychological Barrier of $100,000 Within Reach?
Bitcoin continues its impressive rally toward the psychological barrier of $100,000, driven by both fundamental and psychological factors. The rise in its value is supported by growing adoption, institutional investments, positive market sentiment, and key developments within the cryptocurrency ecosystem.
Adoption and Acceptance
Bitcoin’s growing acceptance by businesses, financial institutions, and individual users is increasing its utility and value. As more entities begin to accept bitcoin as a form of payment, demand naturally rises, solidifying its position as a viable medium of exchange.
Institutional Investments
One of the primary drivers of bitcoin’s growth is the involvement of large institutional investors such as hedge funds, investment firms, and corporations. Their entry into the market significantly boosts liquidity and builds confidence in the cryptocurrency, attracting smaller retail investors in the process.
Planned Regulatory Changes and Strategic Reserves
Future President Donald Trump’s proposals to establish strategic reserves in bitcoin and introduce cryptocurrency-friendly regulations could be game-changing for the market. Such measures are likely to attract new market participants, driving demand and increasing bitcoin’s value.
Media and Market Sentiment
Positive media coverage, endorsements from influential figures, and expert analyses play a crucial role in shaping market sentiment. Media narratives have a substantial impact on perception and can amplify investor interest, fueling price increases.
Technological Improvements
Advancements in blockchain technology and updates to the bitcoin network are improving its efficiency, security, and scalability. These innovations make bitcoin more appealing as an investment asset, contributing to its rising value.
Macroeconomic Factors
Global economic uncertainty, inflation, and the weakening of traditional fiat currencies are pushing investors toward alternative assets. Often referred to as “digital gold,” bitcoin is increasingly viewed as a hedge against currency devaluation and a reliable store of value.
The 2024 Halving
This year, bitcoin underwent another halving – the process that reduces the reward for mining new blocks by half. This reduction in new supply, coupled with sustained or growing demand, has historically led to price increases, and the current cycle appears to be following a similar trajectory.
Infrastructure Growth and ETFs
The cryptocurrency market’s infrastructure is rapidly evolving, making bitcoin more accessible than ever. The growth of exchanges, cryptocurrency wallets, and inflows into bitcoin-based ETFs are driving demand and strengthening the market.
Seasonality and an Unstoppable Trend
Seasonality is also working in bitcoin’s favor. Historically, the final months of the year often see strong performance in the cryptocurrency market. The current upward trend seems difficult to halt, and breaking through the $100,000 level appears to be only a matter of time.
Conclusion
Bitcoin remains one of the most dynamic assets on the market, drawing interest from institutional and retail investors alike. The combination of fundamental, technological, and macroeconomic factors suggests that the rally toward $100,000 could not only materialize but also set the stage for further gains.
Will bitcoin surpass this symbolic threshold, or are there still hurdles ahead? Share your thoughts in the comments.
Bitcoin will Go Down Again!?Yesterday's data, including GDP , Core PCE , and Unemployment Claims , indicate persistent inflationary pressures and a relatively strong U.S. labor market. This could increase the likelihood of continued hawkish monetary policy from the Federal Reserve , typically strengthening the dollar and putting downward pressure on risk assets like Bitcoin( BINANCE:BTCUSDT ) .
Conversely, if markets interpret these figures as nearing the end of the Fed's rate hike cycle , it could be a bullish signal for Bitcoin .
Bitcoin has managed to break the Ascending Channel in the last two days. (as I expected in the previous post ).
Currently, Bitcoin is moving in the Resistance zone($97,642-$97,180) and near the lower line of the ascending channel and Important Resistance line . Yesterday's upward movement can be considered a pullback to the ascending channel (broken). One of the signs of the completion of a pullback can be the Shooting Star Candlestick Pattern ( You can see this pattern in the 4-hour time frame ).
According to the theory of Elliott waves, Bitcoin seems to be completing a corrective wave , a Zigzag corrective(ABC) wave structure.
Also, considering that USDT.D%( CRYPTOCAP:USDT.D ) will again follow an upward trend and BTC.D%( CRYPTOCAP:BTC.D ) will follow a downward trend , Bitcoin may be corrected again. Maybe the conditions( In terms of Correction ) of Altcoins will be better than Bitcoin.
I expect Bitcoin to start falling again after the pullback completes , and the first target is the CME Gap($93,835-$93,720) , and then attack the Support zone($90,000-$88,700) again.
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
⚠️Note: If Bitcoin goes above Resistance zone($97,642-$97,180), we can expect it to touch $100,000.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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XRP → ATH is getting close. Consolidation before the rallyBINANCE:XRPUSDT rallies to ATH. The three-year accumulation is starting to realize itself and thanks to a tailwind - Trump, the coin makes a jump of 140%
At the moment the coin is in consolidation after the rally. There are no technical prerequisites and reasons for a reversal and fall, the price is accumulating the potential for continued growth. The focus is on the resistance at 1.523 and 1.6300. Breakthrough and consolidation of the price above this zone will provoke aggressive purchases, which may lead to a new impulse. It is possible that the local correction of bitcoin may put a slight pressure on the coin, which in turn before further growth will test the area of 1.4116 (strong resistance from September 2021), or the lower boundary of consolidation - 1.2775.
Resistance levels: 1.5234, 1.6300
Support levels: 1.4116, 1.2775, 1.2133
So, since we have a bull run, an ascending channel and a strong consolidation, in this case it is logical to consider buying only, which can be done only from the support or after the resistance breakout. The target in the form of ATH 1.9669 is getting closer and closer :)
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSDT ;)
Regards R. Linda!
FET Long Spot Trade (Breakout and Retest)Market Context:
FET appears to be forming a bottom on higher time frames, signaling a potential reversal. The $1.75 level is key, and a breakout followed by a retest could offer an ideal entry point.
Trade Details:
Entry Zone:
Around $1.75 (post-breakout and retest).
Take Profit Targets:
Target 1: $1.90
Target 2: $2.30
Stop Loss:
Below $1.64
Rationale:
Bottoming Structure: The higher time frame price action indicates potential accumulation, with $1.75 acting as a pivotal level for a shift in market structure.
Confirmation: Waiting for a breakout and retest ensures that the entry aligns with bullish momentum.
Risk Management: Placing a stop loss below $1.64 minimizes downside risk while allowing the trade room to breathe.
Execution Notes:
Monitor volume on the breakout to confirm conviction.
Adjust take profit levels based on price action and market sentiment.
$BTC 1D looking good boys! Possible Head?I’m not sure but if it is a head for the second shoulder instead and this is the half way point in this last end of the Bull Run maybe months left but it’s coming to the MAIN part then it will slow up and go sideways if not down A LOT.
Just be prepared for it and know a plan or strategy to get out with profit even to a stable coin or flipping coins that profit at different times and flip them when one coin pumps the other dumps and vice versus some ppl have done this virally and got Insta famous and rich.
Don’t not experiment here. Buy something you wouldn’t think you would but be sure it’s a good bag first due diligence is always needed.
This chart and my talk IS NOT FINACIAL ADVICE AS I AM NOT ONE .
Bitcoin Dominance Peak: Altcoins Ready for Massive GrowthGet ready for the biggest altseason in history! According to market trends, Bitcoin's dominance has reached its peak, and a significant shift in liquidity is expected to occur soon. This means that investors will start to diversify their portfolios, moving away from Bitcoin and into altcoins.
As Bitcoin reaches critical levels of adoption and price consolidation, capital tends to rotate into altcoins, driving their prices higher. This upcoming cycle is expected to be one of the most significant in history, given the increasing adoption of blockchain technology, institutional interest in crypto, and new innovations across decentralized finance (DeFi), gaming, and Web3.
As a result, the value of altcoins is expected to skyrocket. For instance, a portfolio worth $5,000 today could potentially balloon to a staggering $250,000 to $500,000 by 2025. This represents a massive growth opportunity for investors who are willing to take the risk and diversify their portfolios. The impending altseason is expected to bring unprecedented gains to those who are positioned correctly, making it an exciting time for cryptocurrency enthusiasts.
We're going for an update of the highs!High number of eliminations per level at 100k+, I believe we are at the starting point stage and will see insane growth soon enough! Altcoins are flying away as soon as the 100k mark is crossed, as this is the psychological level for locking in a huge number of positions. Then the profit distribution will start and the very alt season that everyone is waiting for!
Swing BTC thesis by Titan_KarmaPrediction( investment_thesis="**Market Sentiment Analysis:** The current market sentiment for BTCUSDT is cautiously bullish. Despite the absence of recent news, the financial data indicates a slight leaning towards long positions, particularly in the 4-hour and 1-hour intervals. This suggests that traders are optimistic about Bitcoin's short-term price movements. However, the lack of news necessitates vigilance for any sudden market changes. **Technical Analysis:** The technical indicators across various time frames suggest a bullish sentiment. The RSI values are neutral to slightly bullish, and the price remains above key moving averages (EMA20 and SMA20) across all time frames. The MACD indicates mild bullish momentum, especially in the 4-hour and 1-hour charts. However, the low ADX values in shorter time frames suggest weak trends, warranting caution. Key support is around $90,000, with resistance at $96,000. **Fundamental Analysis:** The fundamental outlook is stable, with no recent news impacting Bitcoin's price. The financial metrics show a strong upward trend over the past few months, with the price consolidating around $96,000. This consolidation suggests potential resistance, but the overall trend remains positive. The increase in long positions among top traders further supports a bullish outlook. **Risk Management Strategy:** Given the bullish sentiment but weak trend signals, a cautious approach is recommended. Set a stop-loss below the $90,000 support level to protect against potential downturns. A take-profit target can be set around $100,000, considering the current resistance and potential for further upside. Regularly monitor technical indicators and market news to adjust positions as needed. OUTCOME: HOLD_BUY STOP_LOSS: $89,500.00 TAKE_PROFIT: $100,000.00 CONFIDENCE LEVEL: 78% EXIT_POINT: $96,000.00 CURRENT PRICE: $96,386.84 ENTRY CRITERIA: - **TIMEFRAME**: 4h - **RSI**: below 70 - **MACD**: Bullish crossover - **MA20**: Above - **ATR**: Moderate volatility - **Bollinger Bands**: Middle band - **Stochastic Oscillator**: Neutral - **News Impact**: Neutral - **Historical Data**: Support at $90,000, Resistance at $96,000 CURRENT OPEN LONG POSITIONS: 0 CURRENT OPEN SHORT POSITIONS: 0" )