Bitcoin Roadmap!!!==>>Short term!!!Bitcoin is moving in the Resistance zone($64,140-$63,820) near 200_SMA(Daily) , and it seems that Bitcoin failed to break 200_SMA(Daily) for the second time .
According to the Elliott wave theory in the 15-minute time frame , Bitcoin seems to have finished main wave 3 ( extended wave ) and is completing main wave 4 . One of the signs is the completion of the main wave 4, the support line break .
I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) . If the 1&4 hour candle closes below $63,000 , I expect Bitcoin to break even with the Support zone($62,720-$62,350) and the lower line of the ascending channel .
⚠️ Note: If Bitcoin can break above the Resistance zone($64,140-$63,820) this time, I expect Bitcoin to rise to at least $65,400 and even higher. ⚠️
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
1-BTC
Watching for the same 60.5K areaMorning folks,
So, the plan that we've prepared last week mostly stands the same. In fact, BTC has decided first to complete upside nearest AB=CD target, and starts retracement second. So, although we were waiting for pullback on previous week, it is starting only now.
Here, on 1H chart you could see potential H&S pattern. We do not call you to trade it, because our primary context is bullish (although you can if you want). Here we're mostly interested with its fruits - downside pullback somewhere to ~60K support area. Which we think might be interesting for long entry later in the week.
Cheers.
Bearish signals for BitcoinHistorically, the DMI cross has helped confirmed a change in the trend
CRYPTOCAP:BTC has been forming a 8-month base at resistance levels
The -DM has been above the +DM for 8 weeks
Still price is king, let's see if the digital gold can catch up with the fisical gold AMEX:GLD
Bitcoin analysis today Today's important news Is Bitcoin pumped?In today's analysis of Bitcoin, we mentioned the most important resistance from the successive attacks of this digital currency.
Even though Bitcoin reached its most important resistance, we did not see much retreat from this currency, and this can be a sign of hope to break this important resistance.
The support ranges of Bitcoin are the prices of 62,000 and 60,000, respectively, which support this currency.
BTC Short Term Bullish ViewLooks like BTC is heading to break the 64000 zone once again, and retest the recent highs.
I've marked the resistance levels where the price might slow down or struggle to break.
BTC is respecting the channel and in my opinion it might retest the high of the channel and try to break 65000 if we successfully break 64500 levels.
Let me know what you all think. I'd be happy to hear your analysis on it.
Good luck!
BTC Update (12H)This analysis is an update of the analysis you see in the "Related publications" section
Considering the bullish appearance of altcoins and Bitcoin, there is a possibility of a new H in Bitcoin and we are not looking for a sell/short setup at the moment.
The correction pattern appears to be a symmetrical one that is over.
From where we placed the green arrow on the chart, the symmetrical is over.
If we have a new opinion change on Bitcoin, we will give an update.
We specified the invalidation level on the chart. Closing a daily candle below this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BITCOIN → There's a conglomeration of resistances ahead: 65-69KBINANCE:BTCUSD is forming a bull run amid a 0.5% cut in US interest rates, but investors' fervor may be cooled quickly enough by new economic news. The situation is not as simple as it seems....
It's also the most likely scenario
We need to be careful as the price is approaching a conglomeration of strong resistances. Pressure could come from both the 65K area, which is still untested, and the area above - 68K - 69K. Let me remind you that globally bitcoin is in a descending channel. Globally ( D1-W1 ) the asset looks good for continued growth, but locally ( D1-H4-H1 ) I don't see any signs that the market is ready to overcome the resistance zone above.
Trades may get nervous ahead of next week's new news: SP PMI, DGP, DGO and Fed chief's speech. If the indicators become sharply unpredictable, all the speculators' bullish fervor may cool down very quickly and in that case we may meet the correction phase amid profit taking....
Resistance levels: 64K, 65K, 68K, 69K
Support levels: 62750, 61300, 59400, 57730
Now, above 62750 a consolidation is forming. If the price does head towards 64-65K, we should keep an eye on the global resistance. But, if bears sell the price down and bitcoin consolidates below 62750, then an impulse to the nearest liquidity zones may be formed.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;)
Regards R. Linda!
Technical Analysis for Bitcoin (BTC/USDT) + trade planTechnical Analysis for Bitcoin (BTC/USDT) by Blaž Fabjan
Descending Trading Channel:
Bitcoin appears to be moving within a descending trading channel, with the price gradually testing the lower bounds and trying to break out from this downtrend.
The key resistance for a breakout from this descending channel is around the 64,000 USDT level, while the support is close to the 62,500 USDT level.
A breakout above the upper channel line would indicate a potential bullish reversal and continuation to the upside.
Resistance and Support Levels:
Resistance: The primary resistance zone is around 64,333 USDT (marked on the chart). A breakout above this level may result in the next target being around 66,966 USDT.
Support: The nearest support level is 62,566 USDT. A breakdown below this could push the price towards the lower support area around 59,544.5 USDT.
Momentum Indicators:
VMC Cipher B Divergences: This indicator is currently showing some positive momentum with green dots indicating potential bullish divergence, suggesting that the price may increase soon.
RSI (14, close): The RSI is hovering around 50, indicating neutral momentum. A break above 50 could indicate a bullish trend, while a drop below could signal a bearish continuation.
Stochastic Oscillator: The Stoch (14, 1, 3) shows an overbought condition at 82.78, which may suggest a short-term pullback or consolidation. However, if the upward trend continues, this can be ignored in favor of further bullish momentum.
HMA+ Histogram: The HMA+ (Hull Moving Average) is slightly bullish with a reading of 33.0, indicating that the short-term trend may be shifting toward the upside.
Volume:
The chart shows moderate volume. Higher volume accompanying a breakout above the resistance level will be crucial to confirm the move.
Trading Plan:
Bullish Scenario:
Entry: Consider entering a long position if Bitcoin breaks above 64,333 USDT with confirmed volume.
Target 1: The first target would be around 65,000 USDT.
Target 2: If momentum persists, the second target could be 66,966 USDT.
Stop Loss: Place a stop loss below the support at 62,500 USDT to manage risk.
Bearish Scenario:
Entry: If Bitcoin breaks below 62,566 USDT, consider entering a short position.
Target 1: The first target would be around 61,000 USDT.
Target 2: A further decline could push the price toward 59,544.5 USDT.
Stop Loss: Place a stop loss above the 64,333 USDT level to minimize potential losses.
Summary:
Bitcoin is currently at a pivotal point within a descending channel. If the price breaks above the key resistance at 64,333 USDT, there is potential for a bullish breakout targeting 66,966 USDT. However, if Bitcoin breaks down from the 62,566 USDT support, the bearish scenario could unfold, leading to a possible drop toward the 59,500 USDT zone. Monitoring volume and key indicators like RSI, Stochastic, and HMA+ will be important for confirming the direction.
9/25 Altcoins and BTC Await Next MovesOverview:
AMEX:SPY displayed a minor decline yesterday, forming a small red candle while remaining near the upper boundary of its current trading range. This pullback is largely attributed to the underperformance of the oil and gas sector, which saw significant declines. Despite this, there are no clear indications of bearish momentum building up at this stage.
NASDAQ:QQQ closed with a green candle, successfully surpassing the previous high set on August 22nd. This breakout signals bullish momentum and a positive outlook for the tech-heavy index.
BTC TA:
W: Bitcoin is holding above the Bollinger Bands' moving average but remains below the critical weekly resistance level of $64 k. This positioning reflects a neutral to slightly bearish outlook.
D: The daily chart reveals why the weekly candle only has a wick above $64 k. Unfortunately, Bitcoin failed to maintain its support line and is now trading below it. If further correction occurs, the target is around $60.3k, where the highest volume of trading activity has been observed.
4h: Analyzing the recent bull run from September 6th, the Volume Range Volume Profile (VRVP) point of control aligns closely with the current price level, indicating significant trading activity here. A breakout could lead to either a drop to $43k or a surge to $80k. Keep an eye on the bearish MACD line divergence, which, although present, needs confirmation on the 1-hour timeframe.
1h: The previously observed divergence has dissipated, and the market is now range trading, indicating a neutral outlook.
Altcoins Relative to BTC:
Most major altcoins peaked 2-3 days ago and are now waiting for Bitcoin’s next move to decide their direction.
Bull Case:
As long as Bitcoin maintains its support level without breaking down, there's an increased likelihood of a gradual rise. Current market behavior suggests we are in an accumulation phase, which could precede a strong upward movement.
Bear Case:
We might be experiencing the peak of a bull trap. Economic indicators are not favorable, and there is a risk that large holders (whales) may begin selling off their positions.
Fear and Greed Index:
The index has dropped slightly to 48.34 from yesterday's 52.83, indicating a slight shift towards fear in the market.
Prediction and Opportunities:
On weekly and 4-hour charts, there are divergences in major altcoins, presenting potential opportunities. SOL successfully broke through its $144 resistance level, and ETH did the same with its $2,550 support, establishing these as new support levels. AR also confirmed its $21.73 support level. These setups could offer profitable trading opportunities if confirmed by further price action.
Correction Notice:
In yesterday's analysis, we incorrectly stated that BlackRock had been on the sidelines with Bitcoin and Ethereum ETFs. New data reveals the opposite: BlackRock made significant purchases of $98.9 m and $184 m worth of BTC on consecutive days, along with a $59.3 m purchase of ETH. While Fidelity customers showed reduced interest, with some selling BTC, BlackRock’s aggressive buying suggests divergent strategies among major players. This highlights the complexities of using ETF flows as a metric, as there is no clear way to track "smart money" in the crypto space. It’s intriguing to observe the varying purchase patterns between BlackRock, Grayscale, and Fidelity.
Next Volatility Period: Around October 11Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
It is showing sideways movement around 63118.62-64000.0.
Therefore, if it breaks out of this area,
- 65920.71-67614.25 when up
- 60672.0-61099.25 when down
You should check for support around the above area.
The StochRSI EMA is almost approaching the 100 point.
Accordingly, the possibility of volatility is increasing.
As I mentioned in the previous idea, I think we can predict the future trend depending on how the initialization of this StochRSI indicator proceeds.
-
(BTCUSDT.P 1h chart)
The section that the finger is pointing to is the section that fell below the 5EMA of the 1D chart, then touched the HA-Low indicator and rose.
When it fell below the 5EMA of the 1D chart this time, we need to check whether it touches the HA-Low indicator and rises.
The M-Signal indicator of the 1D and 1W charts is passing through the 60651.2-61149.2 section, so the key is whether it is supported around this area when falling.
When rising
1st: 65922.3
2nd: 67612.8-68215.5
You need to check whether there is support near the 1st and 2nd above.
-
It is not easy to know whether it will rise or fall right now.
However, you can predict the next support or resistance section depending on how it breaks through the support and resistance points of the 1M, 1W, and 1D charts drawn on the chart.
Therefore, I think it is a good idea to trade with a response strategy for rising and falling from the current position.
For this, you need to have your own trading strategy established.
-----------------------------------------
(USDT.D 1D chart)
USDT dominance is showing a decline in an important section.
Therefore, we need to watch whether it can fall after receiving resistance near the M-Signal indicator on the 1W, 1M chart.
I think that in order for the coin market to show an upward trend, the USDT dominance must show a downward trend.
Therefore, it is expected that we will be able to know whether the coin market can start an upward trend depending on whether the USDT dominance falls below 4.97 and is maintained or shows a downward trend.
--------------------------------------
The purpose of adding DMI and OBV is to find out the strength of the trend.
The final formula was changed accordingly.
Based on the 0 point,
- If it rises above 0, it means that the upward force is strong.
- If it falls below 0, it means that the downward force is strong.
The important thing to note here is when it touches the 2 or -2 point.
At this time, you can proceed with a transaction by checking the movement of the BW indicator and StochRSI indicator.
The trading time should be conducted depending on whether there is support at the support and resistance points drawn on the chart.
It is recommended to use the movement of the indicator only as a basis for judging whether it is supported at the support and resistance points.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that the real uptrend will start when it rises above 29K.
The area 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
-----------------
2024-09-25 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well.
tl;dr
Bitcoin - Look at the daily chart. Absolutely in balance is what this is. Please see my weekly outlook for more info.
comment: Did not change anything from my weekly chart since market is doing nothing. You don’t see a market printing 6 of those bars very often. Be prepared for the breakout.
current market cycle: trading range (again a triangle on the daily chart)
key levels: 57000 - 65000
bull case: Bulls had 3 legs up and moved sideways since. No side has an advantage here. Bulls need to get above 65000 for 67000/68000. Don’t try to analyze more than there is to it.
Invalidation is below 61500.
bear case: I won’t bore you longer. Bears need to get below 61500.
Invalidation is above 65000.
short term: Neutral as can be.
medium-long term: Down to 40000 (could take 1-3 months). Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged since March, obviously updated the time range which was 6-9 months before.
current swing trade: Nope
trade of the day: Clear support and resistance. Either scalp it or set up alarms and don’t look at it until they go off.
Bitcoin - MORE INCREASE? Have to see THIS FIRSTBitcoin has been giving us some positive vibes as buying pressure shows up on lower timeframes. We've even managed to keep the price above $60k - an excellent sign of strength.
However, before considering more upside there really is just ONE thing we need to see - higher lows.
For as long as we are unable to breakout ABOVE the diagonal resistance zone, we'll just be stair stepping down into a slowburn, slow decline until point 4 is established and we're ready to complete the final impulse wave up (4-5).
Making higher lows would result in prices back towards the upper 60's, with a successful retest of the neckline support.
EXTRA FOR EXPERTS - Here's how to use the Bitcoin Dominance chart together with the Altcoin market chart to gauge the next direction of BTC:
______________________
BINANCE:BTCUSDT
BTC TO 45-43K BEFORE MAKING NEW ATH COINBASE:BTCUSD BINANCE:BTCUSDT
Hello everyone. Bitcoin is trading in a bearish channel. I have left alot of indicators and other chart things off to keep it clean and show my main points. But remember we are in a wave 4 of 5 and have not hit the retracement target yet.
Prices always move back toward equilibrium. As you can see on the chart in purple. This lines up nicely with the 1.618 and 1.786 fib extensions of the swing low to swing high. It also intersects with the base channel which is a typical wave 4 target. Wave 4 typically hits the top or middle base channel. The fib extensions line up nicely with the mid channel. This creates a significant area of interest and a likely spot to land before making a new ath.
If you disagree with me please use data and examples and not emotions. Thanks everyone!
Rising Wedge Targeting Weekly SupportBTC Dominance has formed a rising wedge right into weekly resistance. If it loses local support around ~54-55%, it may drop to weekly support around 44-47-49%.
This could mean the entire market drops hard, or if Bitcoin holds up for the most part, it could instead mean a potential run for altcoins.
Bitcoin dominance breaking 59% and holding above it invalidates this idea.
BTC - Bearish Pressure Ahead!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per our latest analysis, BTC has rejected the $50,000 - $52,000 support zone and has been trading higher since then.
However...
BTC is currently approaching the upper bound of the red channel.
Thus, for the bulls to remain in control, a break above the upper red trendline is needed. In this case, a movement towards the $70,000 resistance would be expected.
Meanwhile, BTC would be bearish medium-term and can still reject the red trendline for one more leg down.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DOGE - Very Exciting!Hello,
This orange trace nicely illustrates likely movements to complete some of the major support and resistance levels that were recently established, and have not been "tested" yet.
I believe that DOGE is unique… it insights the emotion of LOVE. Man’s best friend. Unconditional love.
The world is waking up and transitioning from the fear based 3D matrix world mentality and back to a 5D energy based world… emotional awareness and the force of LOVE reign supreme over the new world we are entering.
Do you feel it? Do you love DOGE?
Does bitcoin give you FOMO?
Or just straight-up FEAR, with all the dirty Black Rock war and genocide money linked direct to it now. The graph of fear and greed is very volatile. Huge Highs and lows... just like an addiction.
The graph of a building a tribe using the power of LOVE looks more like climbing a Pyramid… a step up and a lap around, repeat. Doge has done this Thrice, without a major retest. I believe our tribe is growing stronger as LOVE will prevail in all of the turmoil of the world. Love has already won in the Quantum... it is up to each of us to navigate our Golden Path (of the soul) through this Earth reality, ascending to the place of unconditional love... enlightenment. If that were we are going... I'll take the DOGE coin by my side.
Man's best Friend.
Unconditional love.
Go Doge Go!
BONK Long Spot Position (Support Area) Market Context: BONK is currently in a support area, providing an opportunity to enter a long spot trade.
Trade Setup:
Entry: Enter a long spot position in the $0.000018 - $0.000019 support area.
Take Profit:
First target: $0.000022 - $0.000023
Second target: $0.000029 - $0.000030
Stop Loss: Just below $0.0000165
⚡ This setup leverages the current support zone for potential upside moves.
#BONK #Crypto
ALGO Long Spot Position (Descending Resistance Breakout)Market Context: ALGO has recently broken through the descending resistance line from May and is now at support, presenting a long trade opportunity.
Trade Setup:
Entry: Ladder into a long position in the $0.13 - $0.1380 support area.
Take Profit:
First target: $0.16 - $0.17
Second target: $0.20 - $0.2170
Stop Loss: Just below $0.123
⚡ This setup aims to capitalize on the breakout and current support level.
#ALGO #Crypto