Bitcoin Next Stop 68K!Traders,
In this video:
00:00 - Housekeeping. Thank you all for the polling responses. Greatly appreciated and helps determine site direction tremendously. Quite a few site changes have already been implemented. I will discuss these as well as added new features, services, and what my new indicator system is showing us.
00:08 - The weekly technical analysis and price trajectory for the next few weeks
1-BTC
#BTC All big time frames & all indicators leads to 40K & 30K
#BTC
**** All Big time frames & all indicators leads to 40K then 30K and may be less.
**** #BTC plan here is for bigger time frames only and this plan may be take very long weeks.
*** Check the daily trend in my account @Crypto_alphabit
******************************** This is my expectation for next weeks **************************
****************( MAY BE I AM COMLETELY WRONG, PLEASE DO YOUR OWN PLANS ) *****************
#BTCUSDT
#bitcoin
#BTC
CRYPTOCAP:BTC
#BTCUSDT
#BTCUSD
#BTCETH
#ETH
BINANCE:ETHUSDT
#ETHUSDT
#ETHBTC
#ETHUSD
#trade
#trading
#longterminvestment
#Cryptotading
#cryptoinvesting
#investment
##trading
#cryptocurrencytrading
#bitcoininvestments
#Investing_Coins
#Investingcoins
#Crypto_investing
#Cryptoinvesting
BINANCE:BTCUSDT
BINANCE:BTCUSDT
#BTC Still follows my plan (BIG TIME FRAMES)#BTC
BINANCE:BTCUSDT
*** #BTC still in the correction channel since My Expectation from 22 July 2024 .
*** #BTC did not reach 50% FIB level for expecting reversal.
*** #BTC Whales holding the price in this range (50k --- 70K) to make their bags empty.
*** #BTC Whales will drop the price again to ( 50%FIB & 60% FIB. levels ) to buy cheep again before going to 100K.
*** #BTC Whales will never buy in 50K to have 1X only when reach 100K but they will buy in 30K to get 3X when the price reach 100K.
*** #BTC may go 70K but still has to come back again to this range (45K--- 30K) and may be less than 30K.
*** Think like whales not like a small fish in the market.
*** #BTC plan here is for bigger time frames only and this plan may be take very long weeks.
******************************** This is my expectation for next weeks **************************
****************( MAY BE I AM COMLETELY WRONG, PLEASE DO YOUR OWN PLANS ) *****************
BINANCE:BTCUSDT
#bitcoin
#BTC
CRYPTOCAP:BTC
#BTCUSDT
#BTCUSD
#BTCETH
#ETH
BINANCE:ETHUSDT
#ETHUSDT
#ETHBTC
#ETHUSD
#trade
#trading
#longterminvestment
#Cryptotading
#cryptoinvesting
#investment
##trading
#cryptocurrencytrading
#bitcoininvestments
#Investing_Coins
#Investingcoins
#Crypto_investing
#Cryptoinvesting
Waves and TargetsUpdate to the Idea from September 23. The exceeding of the 65000 level has confirmed the scenario of a completed Triangle D1 in wave . Bull targets have been established at 75944 (minimum) and 81753. More precise reversal levels will be identified upon the completion of the wave pattern. Achieving the targets before the elections is quite realistic.
Bitcoin's Breakout from a Wedge Pattern: Heading Towards $66,000hello guys.
let's dive into btc analysis after the previous analysis:
Broken wedge pattern: The chart shows a clear breakout from a descending wedge, a bullish reversal signal, indicating a potential trend shift.
Upward channel: After the breakout, Bitcoin has been moving within an ascending channel, which provides a strong bullish structure for price movement.
Support and resistance levels: Immediate support can be found near $62,000, while the next target on the upside is projected around $66,000.
Potential pullback: A minor retracement within the channel might occur, but overall momentum remains bullish as long as Bitcoin stays within the channel.
Bullish momentum: With the strong volume and the breakout from the wedge, the next logical resistance area to test is around $66,000 or higher.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
BTCUSD 12H / Correction with bullish potential BTCUSD
The BTC/USD chart indicates a potential upward movement if the price breaks through the pivot zone around 60000. The next key resistance area to target is 64,905. If Bitcoin successfully surpasses this level, it may aim for higher targets around the second resistance area (70,000).
However, if Bitcoin fails to break above the pivot zone and faces rejection and stabilize under 56888, it might retest the 1st support area near 52,791. A deeper bearish move could push the price toward the 2nd support area around 49,453.
Key Levels:
Pivot Zone: 62,407
Resistance Lines: 62400, 64905, 70000
Support Lines: 56888, 52791, 49453
The price action near the pivot zone will be crucial in determining the next direction.
Bitcoin Eyes $64,928: Will the Double Bottom Confirm?Hello, fellow traders! Today, I’m diving into Bitcoin’s recent price action following the Fed's rate cut decision.
Bitcoin has been stuck in a range for some time, and the recent -50bps rate cut has triggered a positive market reaction. Let's break down what this could mean for Bitcoin's next move, with a focus on the developing Double Bottom pattern.
Current Situation: After the Fed's decision on September 18th, Bitcoin is showing signs of upward momentum. However, it's still forming a Double Bottom pattern, which needs to move up to the neckline at $64,928 to confirm a potential breakout.
What to Watch: The key target level for a bullish continuation is $69,607 . Currently, we only have a Higher Low established on September 7th, which hints at a possible shift in market sentiment.
Risks: The invalidation level is around $53,968 . If Bitcoin drops below this, it would form a Lower Low, potentially signaling a bearish trend.
What do you think, traders? Will Bitcoin break through the neckline, or are we in for another pullback? Share your thoughts in the comments – I'd love to hear your perspective on this pattern!
If you found this analysis helpful, please give it a like and follow for more insights. Let’s keep an eye on Bitcoin’s next moves together! Feel free to ask any questions or request an analysis of another asset in the comments.
BTC BULLISH SCENARIO 27.09.2024📌 Bullish Outlook: 📌
📌 Scenario 1 - 1D Timeframe: 📌
This is the only bullish scenario currently under consideration. The confirmation for this setup would be a breakout above the previous ATH (All-Time High), which stands at $73,835.
Important Note:
This wave represents the final leg of the entire bullish cycle. It’s characterized by increased volatility and risk, as the uptrend could end abruptly.
How to Trade It:
Regularly take profits as the price moves higher.
Gradually exit positions instead of waiting for the absolute top.
The moment BTC hits the actual cycle top, it could see a 20-30% drop in a single day. Recoveries can take months or even years if one gets caught in this position, as the market could transition into a prolonged bear phase until the next bullish cycle.
Technical Details:
The analysis shows clear wave structures.
Wave 4 bottomed at $49,043, sitting on the 0.5 Fib level, a typical strong support for Wave 4 in Elliott Wave Theory.
Targets:
$85,406 – $92,679 — These are nominal targets based on current wave projections, without considering extended waves.
Invalidation Level: $52,413 — If the price falls below this point, it would confirm one of the bearish scenarios instead.
Causion:
BTC is currently at a critical juncture. While a bullish continuation is possible, it requires breaking the previous ATH to confirm. On the other hand, the bearish scenarios provide multiple levels of confirmation, including bearish divergences and trendline breaks, which could suggest a deeper correction if confirmed.
Traders should maintain a cautious approach, utilize appropriate risk management, and stay nimble as the market reveals more information.
⚠️ Disclaimer: ⚠️
🚫 This is not financial advice. Trade responsibly and conduct your own research before making any decisions.🚫
BITCOIN Bullish Breakout At Last! Buy!
Hello,Traders!
BITCOIN was slow to react
To the FOMC decision but
Now it seems we are finally
Seeing a bullish breakout
Of the key horizontal level
Of 65k$ which is now a
Support and as we are
Bullish biased we will be
Expecting a further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Don't F@ck up the Banana zone!This is the Others marketcap vs the Bitcoin Market cap chart.
With their respective Banana zones for the past couple cycle and the current one we have already started.
The KEY takeaway is you should be feeling the FOMO and kind already have been deployed into your favourite #Alts
This #altseason may yield one of the worst performances in a cycle --- which I have warned a few times now. And finish sooner than you think.
If you had waited for confirmation of a altcoin breakout and rotated/bough at the sad face this how your returns would have been crippled.
21 X ----> 5.8X 2017
6.4X ----> 3X 2021
3/4X -----> 1.75X/2.3X 2025
Drastically different.
I hope you have found this chart informative. Smash the likes.
Altcoin Market Breaking Out: Bull-Flag!Altcoins have been steadily losing value against BTC ever since the March top. However, TOTAL3 (total marketcap minus BTC+ETH marketcap) has finally broken out of a 6-month bearish channel pattern, making it a successful bull-flag break out.
It's too early to call for a definitive continuation of the trend, but at least a major long-term pattern has changed as of this week.
For now, I'm hoping for a move towards the yellow line, being the 2024 top. With a BTC Dominance at 57.5%, it would most likely lead to a new BTC all-time high if the altcoin market reaches the 2024 top.
Potentially exciting times ahead!
$BTC update, raising channel up to 65k?CRYPTOCAP:BTC has reversed after dropping to GETTEX:52K (falling channel in orange) and is now recovering on the 1D chart. On the 1W chart, there is also a sign of reversal and RSI too.
My forecast is that before taking off, CRYPTOCAP:BTC will strengthen within this rising channel (in blue). There's strong support at $47- GETTEX:48K , which should hold.
Based on the RSI and MACD curves, the uptrend should continue until it reaches the resistance at $67-$68k. Afterward, I anticipate a more severe correction, but the price should remain within the rising channel for some time.
The parabolic phase hasn't started yet, so I expect another drop to the bottom of the wedge before the next big move begins.
I will update this idea as it develops.
Most of my previous ideas have been accurate, so feel free to check them out and follow me for more forecasts.
Technical analysis of the Bitcoin/US Dollar 4H chart by BFTechnical analysis of the Bitcoin/US Dollar 4H chart by Blaž Fabjan
BTW: My previous analysis was accurately forecasted.
Technical Overview:
Descending Trading Channel (Past Trend):
The chart shows a previous descending trading channel that occurred in August and early September.
During this period, the price was continuously making lower highs and lower lows, indicating a bearish trend.
The channel was eventually broken at the marked point, followed by a reversal.
Reversal Signal:
A clear breakout from the descending channel occurred, signaling a potential trend reversal.
This was confirmed with a higher low formation just before the breakout.
Ascending Trading Channel (Current Trend):
After the breakout, the price moved into an ascending trading channel, with visible support and resistance lines marked in the chart.
The price has been oscillating within this channel, with higher highs and higher lows, indicating a bullish short-term trend.
The chart shows a current position near the support of this ascending channel.
Potential Bounce (Highlighted Area):
There is a highlighted area where a price bounce is expected around the support of the ascending channel. The chart suggests a potential upward movement toward the upper resistance of the channel.
The overall market sentiment is bullish within the channel, and the projected path is an upward movement.
Indicators:
VMC Cipher B: Shows divergences and a rising momentum (green dots indicate potential buy signals).
RSI (14): Around 63.72, indicating mild bullish momentum but not overbought.
Stochastic RSI: Stochastic RSI is at 83.55, showing that the price may be nearing overbought conditions, which could indicate a temporary pullback before continuing the upward trend.
HMA Histogram: Histogram is red, indicating a slight bearish correction, but the overall bullish channel and indicators suggest it is likely a minor pullback before the continuation of the uptrend.
Trading Plan:
Entry Point:
Consider entering a long position near the lower boundary (support) of the ascending channel, around the current price level (potential bounce area).
Monitor the RSI and Stochastic RSI levels to ensure that a bounce is confirmed.
Stop Loss:
Place a stop loss just below the lower boundary of the ascending channel to protect against further downside risk.
This would be below the recent support level.
Take Profit:
Target the upper boundary (resistance) of the ascending channel for the first take-profit level.
If a strong breakout occurs above the channel, the next take-profit target could be around $68,000, following the upward projection marked by the arrow.
Risk Management:
Given the overbought levels in the Stochastic RSI, consider scaling into the position or waiting for confirmation of a bounce to reduce risk.
Adjust stop-loss as the price moves higher, to lock in profits.
Monitoring:
Keep an eye on macroeconomic events, as external factors can impact Bitcoin's price.
Pay attention to potential divergence signals in the VMC Cipher B for early warnings of trend reversals.
This analysis suggests a bullish continuation in the short term, but caution is advised due to the potential for pullbacks as indicated by the overbought Stochastic RSI levels.
BTC/USDT 1DAY CHART UPDATE !!
The white lines on the chart appear to indicate resistance levels, connecting the recent highs over the past months. The price has struggled to break above these lines multiple times.
The yellow circles mark significant points where the price approached or tested the upper resistance, but failed to sustain a breakout. These points often signal rejection from resistance levels.
The price movement seems to form a descending triangle (a bearish continuation pattern), with a downsloping resistance line and a relatively flat support level, represented by the green trendline at the bottom.
The latest candle shows a price of around $65,319, and it is testing the resistance line again. This could lead to a breakout if the resistance is overcome or another rejection if the pattern holds.
Would you like more insights on potential scenarios or further technical analysis?
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Bullish BitcoinBTC 1day looks bullish af right now and CT is lit with Bitbulls I am one of them but I can't get it out of my mind that 'they always take her down before mega up only' So it would be fitting here that we see some more up maybe to range highs striking a sixth lower high in a row with 4 lower lows to make the bull flag bullish af pattern before the nuke back to take out the longs from 55-57k There are some calls for 49k maybe we don't get there but certainly feasible to see price at around 56k going through the weekend before up only October especially if we get a green end to September
#BTC #Bitcoin #Update #Short #Setup #Eddy#BTC #Bitcoin #Update #Short #Setup #Eddy
Bitcoin is ready to move to the 15th Setup, this is the short setup, don't forget to get approval and risk and capital management, full details are available in the latest Bitcoin update, please read.
Related Analysis & Setups of Bitcoin : (( BTC/USD )) : Check Link :
Overheated state of all timeHello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
The current situation is showing an overheated state of all time.
Accordingly, there seems to be a possibility of a sharp change in the StochRSI indicator.
Since it touched the expected rising range, there is a possibility that a price adjustment will begin to lead to an additional rise.
If it falls below 63118.62-64000.0,
1st: M-Signal on the 1D chart (current location 61759.99)
2nd: 59053.55
You should check for support near the 1st and 2nd above.
If the upward trend continues and rises to the 65920.71-67614.25 range, there is a possibility that the StochRSI indicator will show a reversal phenomenon, but I don't think that will happen because I don't think that has happened so far.
In other words, there is no phenomenon of divergence in the indicator due to excessive upward trend.
-
The StochRSI indicator was reset after February 18, but the price drop was not large.
I think that in order for the current overheated state to lead to additional rise, it should show at least the same movement as after February 18.
-
When you think that it might go up without doing anything, it is a high point and I think it is a good choice to watch the situation a little more.
---------------------------------------------
DMI is displayed as a line, and OBV is displayed as a column.
DMI is easy to interpret, but OBV can be a bit difficult.
The reason is that OBV is displayed by dividing it into 4 sections.
1. Above High Line: Dark Orange (#e65100)
2. Mid Line ~ High Line: Orange (#ff9800)
3. Low Line ~ Mid Line: Aqua (#00bcd4)
4. Below Low Line: Blue (#2962ff)
The above 4 sections are divided and the rise and fall are indicated based on the 0 point.
What you should pay attention to here is the state of DMI when each section is crossed.
This is because there may be a change in trend when OBV exceeds the range when DMI rises and falls based on the 0 point.
(In other words, the trend change occurs and DMI and OBV change, but I explained it the other way around for easier understanding.)
Accordingly, if we interpret the current state, it shows a strong upward trend.
- DMI is maintaining an upward trend above 0 point
- OBV is above the high line: a dark orange (#e65100) range has occurred
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale upward trend will begin when it rises above 29K.
The range 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
-----------------
BITCOIN making a huge break-out as we speak.A little more than a week ago (September 17, see chart below), we made clear that if Bitcoin (BTCUSD) broke above July's Lower Highs trend-line (the Descending Triangle's Top), it would be a major bullish break-out for the long-term:
And so it did and today we witness another strong daily rise as the price broke above the August 25 65000 High, cementing and confirming all bullish break-out bias.
** Similar break-out happened 1 year ago **
What's even more interesting is that we saw almost the exact same break-out a year ago on October 01 2023, when BTC again broke above its 1D MA200 (orange trend-line) just after the Lower Highs break-out of an identical Descending Triangle.
It is remarkable that the market was also on a 6-month consolidation phase at the time, with a clear Resistance and the 1W MA50 (red trend-line) supporting. The bottom was priced exactly when a 1D Death Cross was completed, just like the current phase did on August 05.
** 6-month Resistance break leading to +200% rise **
After a quick 10-day consolidation following the Lower Highs break-out, the 2023 fractal then 'attacked' the 6-month Resistance Zone and broke it aggressively, confirming the emergence of a violent Channel Up that, after almost a +200% rise, it would take Bitcoin to March's All Time High.
** Fed and U.S. elections immensely bullish **
With the Fed having started a new Rate Cut Cycle last week with an aggressive -0.50% cut and the U.S. Presidential Elections in November historically being a huge bullish event (as explained in one of our recent publications), there is no reason not to expect a similar rally.
We are expecting to see $95000 towards the end of the year.
So what do you think? Is this a huge bullish break-out for Bitcoin and if so, can we experience a an October 2023 - March 2024 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
AR Long Spot Position (Breakout Retest)Market Context: AR is showing strength at current levels after a proper breakout, now retesting the broken resistance. With AI performing well, this presents a high-conviction trade opportunity.
Trade Setup:
Entry: Enter a trade around $22.5.
Take Profit:
First target: $28
Second target: $35
Stop Loss: Below $20
⚡ The breakout and retest setup indicates strong bullish potential.
#AR #Crypto
Bitcoin Weekly Analysis : Important Bullish Update (READ)Given the recent rise of #Bitcoin in the weekly time frame and reaching $65,000, as expected, strong support was established at $52,750, and the price did not break below $49,000. In this scenario, the short-term targets for Bitcoin are at $67,700 and $71,800. Additionally, based on previous analyses, Bitcoin's mid-term target is $80,000.
With the upcoming release of the Core PCE Price Index (Personal Consumption Expenditures) report tomorrow, it's important to note that this report directly impacts the Federal Reserve's monetary policy decisions.
If the Core PCE data comes in as expected (0.2%) or even lower, the markets will likely feel less pressure for rapid interest rate hikes. This would benefit riskier assets like Bitcoin, as investors facing controlled inflation and more lenient monetary policies would turn to digital and high-risk assets.
In this scenario, Bitcoin is likely to continue its upward trend and reach the short-term targets of $67,700 and $71,800. In the medium term, with easing inflation concerns and stable interest rates, Bitcoin could see further strength, potentially reaching the $80,000 level.
However, if the Core PCE data exceeds expectations, indicating higher-than-anticipated inflation, the Federal Reserve may decide to implement more aggressive tightening measures, such as increasing interest rates. This could strengthen the dollar and put short-term pressure on risk assets like Bitcoin.
In this case, Bitcoin might experience some downward volatility, with potential support levels at $62,000 and $60,000. However, given the strong fundamental demand and technical factors for Bitcoin, such fluctuations would likely be temporary, and Bitcoin is expected to eventually resume its upward trajectory.
The more likely scenario is that Core PCE will come in at or below expectations, providing breathing room for crypto markets and further boosting Bitcoin. However, careful risk management and quick reactions to the data are advised during this critical period.