US ELECTION DAY The day is finally here. The world is watching but most importantly the crypto market is watching too. Trump still leads the Polymarket forecast and IMO opinion that would lead into the next phase of the Bullrun, breaking out of the 8 month downtrend and complete the bullflag continuation pattern.
If the Democrats win I could see a delay in proceedings, a flush toward the range midpoint after panic before regaining some form of stability going into Q1 2025. In the past no matter who has run America BTC does still see progress, I do think that progress will come quicker with a Republican victory.
I'm expecting volatility as always in such a big news release, a release that will overshadow what is normally the most important data release with the FOMC that takes place 2 days away. I would think that this time around it will be less important and a 25bps cut is near enough confirmed anyway.
Good luck out there fellow traders!
1-BTC
BTC Weekly Chart is Showing Major StrengthThe last weekly close and open for BTC have broken the overall weekly structure of consolidation. A weekly close above the support would confirm this. Things are looking good for BTC in the bigger picture. Hold on to your hats, we have a year of volatility coming to us.
Not financial advice.
Do your own DD.
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Bitcoin in the Zone: Major Levels to Watch! Bitcoin’s riding the edge with some serious levels coming up. On the downside, we’ve got key supports at $66,969, $66,054, and $65,000. If $65,000 breaks, a slide to $60,000 is very possible. On the upside, we’re eyeing $69,249 first, and if we break through, we could be aiming for $73,500 and beyond!"
Breakdown of Key Levels
Current Support Levels
First Support: $66,969
This level is Bitcoin’s first line of support. As long as it holds, BTC could stay in a good position to push higher.
Second Support: $66,054
If we drop below $66,969, the next stop to watch is $66,054. Losing this level could signal a stronger downside move.
Major Support at $65,000
$65,000 is the critical level to keep an eye on. If Bitcoin slips below this, we’re likely looking at a bearish move, with $60,000 as the next realistic target.
Upside Targets
First Target: $69,249
On the upside, if BTC holds support and gains some momentum, $69,249 is our next target. We might see some resistance here, so it’s a spot to watch for a possible pullback.
Second Target: $73,500
If Bitcoin breaks $69,249 with strength, then $73,500 is the next big level in play. Breaking through this could mean BTC is primed for an even bigger push higher.
Higher Target: Beyond $73,500
If we reach and hold above $73,500, the path is open for BTC to go for new highs. We could see buyers step in even stronger, and BTC might be setting up for its next major move up.
Trading Tip
Stay flexible here! BTC’s got some clear levels to watch. If we hold support, we could be heading for a strong upside. But if we lose $65,000, the drop to $60,000 becomes a real possibility. Keep these levels in mind, and let the market show you where it wants to go.
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Mindbloome Trading / Kris
Mindbloome Exchange
Zoom out: Bull Flag Pattern Points to Potential Upside TargetTechnical Overview
The COINBASE:BTCUSD weekly chart suggests a bullish setup, with a Bullish Flag pattern and Descending Broadening Triangle playing out. Current price action shows BTC retesting previous resistance as new support around $67,000.
Support and Resistance:
- Support: The zone at $67,000 serves as immediate support within the flag pattern.
- Resistance: Key resistance lies at Bullish Target 1 ($77,750), which aligns with the 0.786 Fibonacci level.
Outlook:
- Bullish: If BTC holds above $67,000 and breaks through $77,750, a rally towards Bullish Target 2 at $88,000 is plausible, with a long-term target of $112,993.
- Bearish: A breakdown below $67,000 may lead to a retracement toward $60,000 or lower.
Conclusion:
The weekly setup remains bullish if BTC can defend $67,000, with $77,750 and $88,000 as primary upside targets. A decisive breakout could confirm continuation to higher targets.
04/11/24 Weekly outlookLast weeks high: $73,633.97
Last weeks low: $67,477.38
Midpoint: $70,555.67
ELECTION WEEK IS HERE! This is the one we've all been waiting for and probably been nervous about. On the 5th November the US election takes place, now we might not know for certain who has won on that day but we should have a good idea barring no funny business. At time of writing, Trump leads the betting market polls 57.7% : 42.3% which is down significantly from last weeks high of 67%. A lot can happen between now and tomorrow but for BTC and crypto in general a Trump win should be favourable to the markets, a Harris win might delay cryptos progress IMO.
If the US election wasn't enough for one week FOMC takes place a couple of days later. With a forecasted cut of 25bps coming taking the interest rate from 5.00% to 4.75%. The last FOMC saw a 50bps cut so the FED is rapidly moving to a more risk on environment which should be pro crypto, however I do think the election result will dwarf this FOMC in importance as the 25bps cut has been known about for awhile and most likely priced in.
Obviously the election is the main focus of this week, a number of projects have token unlocks this week too:
Larger % circ. supply:
NEON,BANANA,ADA,XAI,BGB,AGI
Smaller % Cir. supply:
SOL,WLD,TIA,TAO,AVAX,DOGE,SEI,NEAR,DOT,SUI&FIL
The altcoin market is still at the mercy of BTC and BTC is at the mercy of this election currently so we'll have a better picture of what the future may look like by the end of the week.
#STEEM/USDT#STEEM
The price is moving in a descending channel on the 4-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.1490
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.1532
First target 0.1640
Second target 0.1705
Third target 0.1880
BITCOIN - BTCUSD - SWING IDEABitcoin is currently testing the 0.5 Fib Area along with the market structure Resistance. We can LONG after it breaks the 69,900 Level and aim for ATH (All Time High).
Otherwise, in case of a breakdown, we can look for a small scalp/trade.
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
Bitcoin Analysis==>>DUMP==>>Filling GapsBitcoin ( BINANCE:BTCUSDT ) is currently moving in the Support zone ($70,100-$68,420) and near the Support line .
According to Elliott's wave theory , Bitcoin was able to complete main wave 4 ( although with a little irregular movement ).
I expect Bitcoin will break the Support line soon , and the main wave 5 can be finished in one of the Potential Reversal Zones(PRZs) and filling the CME Gaps one by one .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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BITCOIN Short term Road Map !!!As you can see, the price has broken out of the wedge, and from now on, the price can drop to the 0.618=67k Fibonacci line. After that, we may see Bitcoin rise again.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
AAVE LONG IDEA - AAVE Coin Swing Long OpportunityAAVE is a coin I monitored closely during Summer 2024. While most altcoins were making new lows, AAVE was accumulating and showed resilience, which suggested to me that it might outperform others in the 2024-2025 altcoin bull season.
Technical Analysis: Price accumulated within the monthly demand zone throughout Summer 2024. It finally took off, breaking the weekly structure and creating strong bullish momentum on the weekly and daily charts.
Currently, price is retracing to the weekly demand zone responsible for the structural break, which is also supported by the monthly demand. This level appears strong to me.
I anticipate a slight retracement to grab daily swing liquidity before taking off from that area, which aligns with the Fibonacci golden entry level, adding further confidence.
I’ll be watching for LTF confirmations to enter the trade.
BTC Analysis - Weekly TimeframeCurrent Scenario
In my view, BTC is facing one of the worst-case scenarios at the moment. After an ABC correction downwards, we experienced another ABC pattern upwards, only to face a strong rejection below the key resistance level (trendline) that previously acted as support. This level, which BTC couldn’t break for a long time, is now holding us down, suggesting that downward momentum might resume.
Bearish Outlook
It seems like BTC is forming a new downward movement, potentially targeting the $42,000 - $38,000 range. This is a long-term analysis on the weekly timeframe, with all major support and resistance levels outlined.
There’s only one remaining bullish chance here: if BTC can defend the $66,000 - $65,000 zone and push upwards aggressively. In this case, we could aim for a high of $134,000 - $136,000. However, if this level fails to hold, I consider the bearish scenario to be the dominant one for now.
Candlestick Pattern
Additionally, on the weekly timeframe, we’ve formed a bearish candlestick pattern — a shooting star — which typically appears at the top of a trend. This is a potential warning sign of further downside.
Targets
TP 1: $48,800
TP 2: $42,000 - $44,000
TP 3: $38,000
Invalidation Level
Invalidation: $73,881 — if BTC breaks above this level, it would invalidate the bearish scenario.
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
BTC EXTREEMLY BULLISH ON WEEKLY CHART!!🚨 Warning: For the brave-hearted only! 🚨
BTC is looking extremely bullish on the weekly timeframe! We just saw a hammer candlestick form at the “bottom” of this trend — a textbook bullish reversal signal! 📈
🎯Targets🎯
I have a minimum target of:
35% to 52% upside based on the recent price structure and strength of this hammer. 📊
Invalidation
🔴 Invalidation: If we break below the previous low on this chart, that could spell trouble, but until then — it's game on! 🎯
Disclaimer: 🚨 This is not financial advice — As always, trade responsibly and make sure to double-check which way is “up.” 😂
BTC targets for NovemberLocally I would like to see Correction to 64-63 after elections But we can also hold a line around 67500-68000 BINANCE:BTCUSDT.P
Monthly we are in re-accumulation
Daily would be good to see retest of this hypotetical uptrend local line
Sweep of EQLow will be perfect test D fvg on 4h chart you can find the targets
Let me remind you once again, regardless of who becomes the president of the USA, bitcoin will be algorithmically delivered to pre-planned targets, you cannot know the timing, only after the fact, people, guided by a logical chain, will tie each event to the bitcoin timeline to convince the crowd that bitcoin is something special! In fact, this is a simple asset that institutions use for speculation, you just can't even imagine the scale of speculation! If it were something special, this asset would never fall, right? But it has its own cyclicality, ups and downs like any other asset!
The rate will most likely be reduced by 0.25! And the market will still be in uncertainty until January 20, when the president finally enters the White House
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Bitcoin has a strong possibility of turning bullishFirstly, I would like to mention that BTC is currently in a significant Bear trend on the weekly chart. Breaking the weekly trend is more challenging than the daily and hourly for those who are unaware. Isn't it clear??
Therefore, to see bitcoin in a bullish trend, we require confirmation of the Bull. We are already in Bear mode, so we do not require confirmation of that !!!
Having said all that, I would like to mention a couple of things regarding (WEEK EMA 55).
55-week exponential moving average (EMA)
The 55-week EMA serves as a robust support line. If BTC surpasses it, the result will be extremely positive. You can also examine May-Jun-Jul 2021 for comparable patterns, as well as explore other cryptocurrencies. It applies to nearly all of them.
Up to this point, BTC has successfully ended above the orange line during previous months.
Therefore, to sum up, BTC is currently in a bear market. There is a possibility of a bullish trend. Only if Bitcoin closes above 69,000 daily and maintains a strong grip on this level will the bullish trend be confirmed.
Best wishes .
BTCUSDT BREAKOUT ON SUPPORTBitcoin has broken through the hourly support around $69,060, and we are currently observing a pullback. This pullback is expected to fill the gap left by the recent drop and retest the highs near the highlighted resistance zone. From there, we anticipate a continuation of the sell-off, pushing the price down toward the lower support level at $67,626.