1-BTC
Next Volatility Period: Around October 5th - 10th
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The BW indicator is currently leveling off near the midpoint (50).
Therefore, I think it is not suitable to trade around 60672.0-61099.25.
If you want to trade around 60672.0-61099.25 depending on the support, you will need a short and quick response.
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When the BW indicator is leveling off at the lowest point (0) or highest point (100), a BW line is created on the price chart.
I think you can trade more stably by using this BW line as a support and resistance point.
Therefore, you can wait until the next BW line is created or check whether it is supported when touching the previous BW line (61759.99) and then trade.
At this time, the StochRSI indicator is also worth looking at.
Since the StochRSI indicator creates waves in any case, I think it is an indicator worth referring to when trading.
Therefore,
- If the StochRSI indicator rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA, it is a time to buy,
- If the StochRSI indicator falls in the overbought zone and maintains the state of StochRSI < StochRSI EMA, it is a time to sell.
However, you should be aware that since you cannot know the size of the fluctuation range, you may see little profit or even a loss.
To prevent this, you need the support and resistance points drawn on the 1M, 1W, and 1D charts.
Based on these support and resistance points, you should proceed with the transaction depending on whether the movement mentioned above is supported or not.
Then, since you can calculate the approximate fluctuation range, it will be a reference for deciding whether to proceed with the transaction.
Accordingly, if you display the rise and fall range based on the 60672.0-61099.25 section, it will be as shown in the chart above.
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When a new candle is created,
- Whether it will definitely enter the oversold section
- Whether there is a change in the slope of the StochRSI indicator
- Whether the StochRSI EMA falls below the midpoint (50)
You should check whether the above is satisfied and create a response strategy according to the next movement.
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Have a good time.
Thank you.
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- Big picture
It is expected that the full-scale uptrend will start when it rises above 29K.
The next expected range to touch 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 that are likely to receive resistance in the future.
We need to check if these points can be broken upward.
We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range.
#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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BTC/USDT Short term long📈 BTC/USDT Analysis Update
The market just touched the bottom, completing wave 5 🔽, but it was very short, almost truncated ✂️. A bullish divergence formed on the 1H chart 🐂📈, and we saw a nice bounce. Currently, the horizontal resistance has been reclaimed, turning it into a support flip 🔄.
💡 Target for this move should be somewhere between the 0.5 - 0.65 Fib levels, which range from 63,300 USD to 64,500 USD.
However, the major resistance remains the light blue diagonal trendline ⚠️, along with the yellow resistance line at 61,900 USD.
🚨 Not financial advice!
$BTC - Make or BreakBitcoin is testing the 200 EMA on the daily chart. Can we expect a bounce?
We've already lost the value area at 62,000, with price now consolidating underneath signaling weakness.
For any bullish momentum, resistance at 61,800 needs to be reclaimed.
Support is currently at 59,500. Losing this level could open the path toward imbalances in the 56k to 54k range.
BTC/USDT 4h chart reviewHello everyone, let's look at the 4h BTC to USDT chart, in this situation we can see how the price has bottomed out from the local upward trend line.
Let's start by setting goals for the near future, which include:
T1 = $63,325
T2 = $65,379
T3 = $68,641
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $58,825
SL2 = $56771
SL3 = $54082
BITCOIN The 'March-October' effect kickstarting an insane rally.Back in August we were first to discover and bring to you the 'March - October' effect (see chart below) on Bitcoin (BTCUSD), which is what every one is talking about now as we've started the month of October yesterday and the final quarter (Q4) of the year:
As you can see, this is nothing more than a consolidation that the market tends to make within this 6-month range that ends on October, which kick starts an aggressive rally. That was the case in 2020 (would be more flawless if the COVID crash hadn't distorted the chart) and more recently in 2023. Note that historically October shows gains of around +21.00%.
What we can additionally keep from this chart is that the 1W MA50 (blue trend-line) held on three 1W candle tests since the August 05 Low and that provides the base for a potential October 2024 - March 2025 rally.
March 2025 has high chances of forming the peak of the rally as it historically tends to tops such Bullish Legs and then starts consolidation phases. That was the case on March 2024, March 2023, March 2021 and (as mentioned) if it weren't for the COVID flash crash, would have been most likely the case for March 2020.
All in all, even though the first two days haven't been ideal, we expect October to prepare the foundation for an incredible rally, especially on its last 2 weeks, a rally that might very well reach as high as $150000 before it enters a correction again.
But what do you think? Will October start such a rally? Feel free to let us know in the comments section below!
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BTC Update (2H)On small time frames, Bitcoin is a bear.
A liquidity pool has been swept but the price has not yet reached cheap ranges.
Considering the bearishness of the substructure and the price not reaching the main support range, we expect such a movement from Bitcoin
Closing a candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
AR Long Spot Position (Support Entry)Market Context: AR has retraced to a significant area of support between $18.00 and $20.00, creating a favorable opportunity for a long trade. This setup looks promising if the support holds.
Trade Setup:
Entry: In the current $18.00 - $20.00 area of support.
Take Profit:
First target: $24.00 - $26.50
Second target: $32.00 - $35.00
Stop Loss: Around $16.00.
This trade aims to capitalize on the bounce from support, providing a structured risk-reward profile. #AR #SupportTrade
Corrective Phase and RegainOur current outlook for Bitcoin suggests that, over the coming days, the asset may experience a short-term correction down to the key support level of $59,500.
This level has previously acted as a significant zone of buying interest, and we anticipate it could serve as a strong foundation for Bitcoin to establish new upward momentum.
Such a correction would allow for consolidation, enabling market participants to accumulate at a lower price point, which often leads to a healthier and more sustained uptrend.
Following this corrective phase, we expect Bitcoin to regain bullish momentum and start a new upward move. The initial targets for this movement are projected in the range of $64,000 to $66,000.
Bitcoin Drops Over 10% After Rejection at $67,000Market Update:
In the last few days, Bitcoin's price has dropped by more than 10%, following a rejection at the $67,000 level.
BTC has now fallen to the critical support area at $61,000.
Technical Outlook:
The market is currently oversold, and there is potential for BTC to rise and test the next resistance level around $64,000.
It is crucial that the $61,000 support level holds, as a break below this area could trigger a deeper decline, with the next lower range support around $57,000.
#Bitcoin #BTC #CryptoUpdate #SupportLevels #Oversold #BTCPriceAction
Bitcoin: Uptober or Rektober?Traditionally, October has been a very bullish month for Bitcoin. However, in its first few hours, this October brought Bitcoin a sharp sell-off of almost 9%. The largest cryptocurrency not only lost the important $65,000 mark within a few minutes, but also temporarily fell back towards $60,000. However, we do not expect this sell-off to end any time soon. After all, we expect a final lower low of the orange wave iv before the same-colored wave v should lead to new all-time highs.
BITCOIN'S 7 MONTH FALLING CHANNEL...Bitcoin has respected this falling channel since March 2024.
Current price: 61,200
The support around 60500 is a very key area to watch. It is literally the on switch or the off switch for the bullish market!
A break below this point will find supports around: 56k and finally 50k (very bearish)
If price action remains above the 60k region then expect higher prices.
Resistances: 66k, 71k
HelenP. I Bitcoin will make retest and then continue to declineHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see, how the price trades inside the resistance zone, but later turned around and dropped to the support level, breaking the 64000 level. After this, the price tired to grow, but failed and in a short time declined below a support level, which coincided with the support zone and fell until the trend line. Next, BTC turned around and started to grow, and later backed up to the 57500 level, broke it, and continued to move up next. But later it made a correction to the trend line, which coincided with the support level and then rebounded up to the resistance level. Price some time traded near this level and then broke it, after which rose even higher than the resistance zone. But a not long time ago BTC turned around and dropped to the trend line, which coincided with the 64000 level and recently broke it. Now, I expect that BTCUSDT will make a retest of the trend line and then continue to decline next, therefore I set my goal at 60K points. If you like my analytics you may support me with your like/comment ❤️
Bitcoin Slips Amid Israel-Iran ConflictBitcoin ( CRYPTOCAP:BTC ) faced a sharp drop on Tuesday as geopolitical tensions between Israel and Iran escalated, triggering a significant sell-off across the cryptocurrency market. Investors, seeking refuge in safer assets, moved towards bonds, gold, oil, and the US Dollar, leaving Bitcoin and altcoins under heavy selling pressure. Despite historically strong performance in October, this sudden market disruption has put the cryptocurrency’s best month under early threat.
Geopolitical Tensions Cause Sharp Sell-off
The price of Bitcoin ( CRYPTOCAP:BTC ) fell by 3.16%, reaching $61,715 levels. Altcoins, including Ethereum, suffered even more, plunging between 5-10% as the war tension escalated following Iran’s launch of over 200 ballistic missiles on Israel. Bitcoin ( CRYPTOCAP:BTC ), which historically has seen an average gain of 25.81% in October, is now struggling to maintain its bullish seasonal trend, dropping by 4% in the first two days of the month.
Sean McNulty, director of trading at Arbelos Markets, described the drop as a "momentary setback," stating that October's favorable trends for Bitcoin are "alive and well." However, the broader market is expected to stay on edge as Israel's Prime Minister Benjamin Netanyahu promises retaliation. Adding to the pressure, Bitcoin ETF outflows surged to $242 million, breaking an eight-day streak of inflows.
Technical Analysis: Key Levels to Watch
From a technical standpoint, Bitcoin ( CRYPTOCAP:BTC ) appears weak but is beginning to show signs of recovery. After testing the critical $60,000 support level, CRYPTOCAP:BTC has rebounded 0.75% in Wednesday’s market session, trading at $61,715. The Relative Strength Index (RSI) currently stands at 47.49, reflecting neutral conditions but indicating a slight bearish tendency.
Bitcoin’s recent recovery, however, may be short-lived if geopolitical instability persists. The critical $65,000 resistance level remains a barrier to any significant upward movement, and a failure to break through could see Bitcoin revisiting $57,000, as some analysts predict.
Prominent analyst Benjamin Cowen highlighted that Bitcoin’s historical behavior post-Fed rate cuts could lead to a larger correction. If the pattern holds, the cryptocurrency could drop further before resuming its upward trajectory, targeting a potential low of $50,000 by mid-November.
Safe Haven Shift & Mining Pressure
The conflict in the Middle East has driven investors to flock to safe-haven assets, causing a temporary withdrawal from riskier assets like Bitcoin. The flight to safety has boosted the US Dollar, bonds, oil, and gold, while applying downward pressure on the broader crypto market.
Additionally, a report by JPMorgan highlighted declining revenues among Bitcoin mining companies, with September seeing the lowest levels recorded in recent months. This drop in miner profitability could trigger another wave of selling pressure if the mining sector experiences further capitulation, exacerbating the downward trend in Bitcoin’s price.
Despite the current challenges, analysts remain cautiously optimistic. McNulty and others believe that as tensions in the Middle East cool down, Bitcoin’s historical performance in October could lead to a rally that pushes the cryptocurrency back towards its all-time high (ATH) of $73,000.
Historical Trends & Future Projections: Uptober Rally in Jeopardy?
Bitcoin ( CRYPTOCAP:BTC ) has enjoyed an average 25.81% gain in October when preceded by a green September. In line with this, data from BTC Archive suggests Bitcoin could surge to as high as $80,500 this month, as the crypto has consistently posted green candles in the last three months of the year.
Similarly, trading firm QCP Capital noted that Bitcoin has seen a 22.9% gain in eight out of the last nine Octobers. If this trend continues, BTC could rise to $78,000 or higher. However, for this to happen, Bitcoin will need to clear crucial resistance levels and weather any additional shocks from ongoing geopolitical conflicts.
Analysts have also pointed out that spot Bitcoin ETF inflows remain strong, and perp funding rates are approaching levels reminiscent of the early 2023 bull run. If these inflows persist, Bitcoin could see the support needed to break through to new highs before the year ends.
Conclusion
While Bitcoin ( CRYPTOCAP:BTC ) has the potential to rally to new highs this month, the path will be far from straightforward. The Israel-Iran conflict, coupled with macroeconomic factors such as the US PMI data and Fed rate cuts, could create further volatility in the market. Still, Bitcoin's technical and fundamental strength may help it weather the storm and rebound toward its ATH as the year progresses.
At the time of writing, Bitcoin ( CRYPTOCAP:BTC ) is trading at $61,715, up 0.73%, with momentum beginning to build for a potential rebound if market conditions stabilize. However, investors should remain cautious, as further geopolitical shocks could lead to more downward pressure in the short term.
Bitcoin can rebound up from support line, exiting from channelHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a not long time ago rebounded from the support line and broke the support level, which is located inside the buyer zone (59600 - 59200). After this, the price rose a little more and then made a correction to the buyer zone, after which made a strong upward impulse. Then BTC started to grow inside the upward channel, where it later almost reached the 64400 level, but soon turned around and corrected almost to support line of the channel. Next, the price rose to the 64400 level, but at once turned around and fell below, after which repeated movement to this level again and even entered the support area. Soon, however, BTC turned around and made a correction to the channel's support line, which coincided with the general support line and bounced up, thereby breaking the 64400 level. After this movement, the price made a retest and continued to move up, until it reached the resistance line of the channel. And then price turned around and started to decline. So, I think that BTC can decline to the general support line and then rebound up, thereby exiting from the channel. After this, the price made a retest and continues to move up, therefore I set two TP, first at the 66800 points and second at the 69000 points. Please share this idea with your friends and click Boost 🚀
Bitcoin can decline a little and then start grow to 64500 levelHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price entered to range, where it at once dropped to the support level, which coincided with the buyer zone and then rebounded up. In a short time later, BTC reached a resistance level, which coincided with the seller zone, and then turned around, after which it started to decline. BTC declined to the 57000 support level, and broke it, thereby exiting from range, but soon turned around and started to grow inside the upward channel. Inside the channel, the price reached the 57000 level again, broke it, and continued to move up next. Some time later BTC reached a resistance level, which coincided with the seller zone, broke it, but quickly turned around and dropped, breaking the 64500 level and exiting from the channel also. Now, BTC continues to decline, so, I think that price can fall a little more and then start to grow to a resistance level. For this case, I set my TP at a 64500 resistance level. Please share this idea with your friends and click Boost 🚀
10/1 Bull trap is confirmed. Monthly level $64k didn't hold.Overview:
The AMEX:SPY started the day with a large red candle, erasing all of Jerome Powell's optimism from his speech yesterday. Early in the session, before the Federal Reserve even released its report, the market was already sliding, triggered by more-than-expected job openings. Within the first 60 minutes of trading, all of last week's gains vanished. Adding to the downturn, trading volume surged, surpassing yesterday’s levels, signaling increased selling pressure.
As is typical, the Nasdaq NASDAQ:QQQ experienced more significant swings, hitting its lowest point of the day, which coincided with the highest point from last Wednesday’s rate cut announcement. This underscores the volatility in the tech sector.
All eyes are now on Friday's unemployment rate report, where the market expects a figure of 4.2%. Should the report show lower unemployment driven by improving labor conditions, it may compel the Federal Reserve to keep interest rates high. Such a move could further dampen the growth of risky assets like stocks and cryptocurrencies.
Tuesday marked the first day of negative ETF flows for Bitcoin. Major players like Fidelity, Bitwise, and ARK Invest dumped approximately $250 million worth of BINANCE:BTCUSDT . Meanwhile, BlackRock continued its seven-day buying spree, leaving many to wonder: Do they know something retail investors don't? Or perhaps they aren't as "smart money" as often assumed? Only time will tell if loading up at the 60k level was a wise move.
Despite initial hopes, Bitcoin has not yet proven itself as a safe haven asset like gold or Swiss francs. In times of heightened geopolitical tension, such as the recent events in the Middle East, risky assets like Bitcoin and altcoins tend to suffer the most.
BTC TA:
W: In just two trading days, Bitcoin’s weekly candle turned red, dropping the price below the $64 k level, which coincided with both monthly and weekly resistance. Up until Monday, there was still hope for a potential fifth bull wave if BTC could recover the $64 k level after the initial drop. However, continued selling pressure wiped out any bullish momentum.
D: Monday's bearish prediction proved correct, with Bitcoin dropping by 3.98% on Tuesday. This sell-off is significant but not unprecedented, as larger price movements occurred in early August with losses of 5.70% on August 2nd and 7% on August 5th. Are we seeing a repeat of early August? September's first week wasn't particularly bullish either, with prices briefly touching 56.9k. Unfortunately, the current MACD setup looks eerily similar to the lead-up to the August 5th crash. Currently, BTC is hovering around the 61.5k level, which was drawn weeks ago as a key support.
4h: The RSI is now oversold, but the MACD has not yet shown any bullish divergence. There is potential for a short-term recovery to the 63.5k - $64 k level, but sentiment remains cautious. Short-term bullish.
1h: On the 1-hour chart, the RSI has started to rise, moving toward the 50 level, indicating a neutral stance. No clear divergences have formed.
Altcoins Relative to BTC:
Earlier in the week, altcoins were outperforming Bitcoin, negating any concerns of a bull trap. However, they have since retraced to their respective moving averages without front-running this recent BTC crash. Altcoins are moving in sync with Bitcoin, showing no major divergence.
Bull Case:
BlackRock could be proven right, continuing to buy at the 60k level. Should Bitcoin dip to the $58-60k range, they may accumulate even more, reversing the bearish sentiment and forcing retail traders to halt their selling.
Bear Case:
The fifth bullish wave has officially failed, confirming a massive bull trap. If BlackRock's strategy fails, retail investors may see a significant wipeout.
Fear and Greed Index:
The Fear and Greed Index dropped to 39, officially entering "Fear" territory. Historically, entering the fear zone has led to steep declines:
07/04: The market dropped 6% the next day.
08/04: A 15% drop occurred the following day.
09/03: A 9.25% decline within three days.
Prediction:
The bull run appears to be invalidated. After three weeks of growth, BTC is now likely to correct down to at least the 61.4k - 59.1k range by the end of this week.
BTC dominance 2024-2025(prodolzhenie prognoza po dominacii bitkoina 2023-2024)
Proshlyj prognoz otrabotal prakticheski ideal'no, nemnogo promazal po vremeni (uskorilsya), nemnogo oshibsya s metodikoj raschyota dominacii (uchyol al'tkoiny - podrobno v obnovleniyah na proshlom prognoze po dominacii). Odnako v celom prognoz pravil'nyj!
Nakaplivat' bitkoin bylo bolee pravil'nym resheniem nezheli otkupat' al'tkoiny.
Podavlyayushchee bol'shinstvo al'tkoinov obnovilo svoi minimumy k bitkoinu.
Teper' prishla pora razvorota. Tyazhelo sprognozirovat' tochku razvorota (kak eto bylo s proshlym prognozom) kak po vremeni tak i po urovnyu, odnako ya sklonyayus' k variantu chto eto proizojdyot ot 55-65% vo vremennom promezhutke konca2024 achala2025 goda. I ustremitsya v blok 35-45% k koncu 2025 goda.
!!! Etot prognoz bolee kak prodolzhenie v popytke najti mesto razvorota, a ne kak samostoyatel'nyj predydushchij prognoz. Ya by ne stavil mnogoe na nego, odnako tendenciya dolzhna byt' yasna - gryadyot al'tsezon.
BTC/USDT Analysis: Post-triangle Breakout in Ascending Channelhello guys.
I have published about this pattern before, and now I am certain about this scenario!
Key Observations:
Broken symmetrical triangle Pattern: Bitcoin has broken out from a pattern, indicating a bullish reversal from the prior downward trend.
Ascending Channel: After the breakout, BTC is moving within an ascending channel, showing the formation of higher lows and higher highs, confirming bullish momentum.
Support Zones:
Around $57,000-$58,000: Strong support, previously tested and confirmed, serving as a potential rebound zone for price corrections.
Resistance Zones:
Between $66,000 and $67,000: The first significant resistance. If Bitcoin breaks through this level, the bullish trend will likely continue.
Between $75,000 and $77,000: A key upper resistance target, marking a long-term price goal if momentum persists.
Potential Price Path:
The chart outlines a scenario, where after a correction or consolidation around current levels ($61,000-$63,000), BTC could retest and break the $66,000 resistance. A clear break could see prices surge towards the $75,000-$77,000 range.
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Bitcoin (BTC/USDT) 4h timeframe TA+Trade plan by BFDescending Broadening Wedge
Pattern Description: This is a bullish reversal pattern. As shown, the price of Bitcoin is testing the support line of the wedge, which typically suggests that a breakout to the upside might occur after the completion of the pattern.
Potential Breakout: The chart indicates a potential breakout above the upper boundary (resistance line) of the wedge, possibly signaling the beginning of an upward move.
Key Support and Resistance Levels
Support Levels:
60,301.68 USDT: This is a near-term support zone where price could find buyers if it revisits these levels.
53,988.89 USDT: A deeper support level shown on the chart, which might come into play if Bitcoin faces a significant sell-off.
Resistance Levels:
64,591.15 USDT: A strong resistance zone that Bitcoin would need to surpass for a sustained upward move.
68,556.87 USDT: A higher resistance level that could become the target in the case of a breakout.
Indicators Analysis
VMC Cipher B Divergences: It appears to show divergence. A green dot below indicates potential bullish divergence, suggesting price may increase soon.
RSI (Relative Strength Index): The RSI is at 31.48, which indicates oversold conditions. This level usually implies that the asset is undervalued, signaling a potential buying opportunity.
Stochastic Oscillator: The stochastic reading is at 23.61 (blue line) and 20.43 (red line), indicating oversold conditions as well. This adds further strength to the bullish argument, aligning with the RSI's signals.
HMA (Hull Moving Average): The HMA histogram shows green bars, suggesting a bullish trend might be forming or momentum is starting to shift to the upside.
Trading Plan
Long Position Setup
Entry:
A breakout above the resistance line of the descending broadening wedge would be the ideal entry signal. You may consider entering around 61,750–62,000 USDT.
Take Profit:
First take-profit target could be around 64,591 USDT (resistance zone).
If momentum is strong, a secondary target can be set around 68,556 USDT.
Stop Loss:
Place a stop loss just below the recent low at 60,000 USDT, as a break below this level would invalidate the bullish wedge pattern and signal further downside.
Alternative (Cautious) Approach
Wait for confirmation of a breakout with a strong candle close above the wedge's resistance line, paired with bullish indicators on lower timeframes (e.g., 1-hour chart).
Risk Management:
Risk no more than 1-2% of your portfolio on this trade, adjusting position size accordingly.
Final Considerations
Monitor for any false breakouts as Bitcoin could retest the wedge's resistance line before confirming the breakout.
Keep an eye on volume; a breakout with strong volume increases the likelihood of the wedge pattern playing out successfully.