BITCOIN TREND PIVOT With all the geo-political noise it's easy to get caught up in the low timeframe madness. Zooming out and looking at the High timeframe structure, things get a little simpler...
For me, BTC has been in two different smaller phases within a larger bullflag pattern. Phase one is the bearish part of the bullflag where price prints lower highs and lower lows , this lasted for 150 days with a pivot once price wicked into the bullish OB @ $50K.
From that pivot point the second phase started and it's where we are now. Once we got our first higher low the new bullish trend began, higher lows and higher highs followed and continues on until now.
Now the interesting part is how BTC has broken out of the bigger bullflag pattern and that's shown by the X's and ^'s on the chart. In recent days BTC has broken out of the bigger bullflag pattern as shown by the tick where price rejected off the '21 ATH and retested what was formerly trend resistance and now support after a successful bullish reaction off that level for the first time in 8 months.
Price is now at the highs with the US election around the corner and %16B FTX repayments on the way , can BTC go one step further and make a new ATH? Time will tell but for now the structure is the most important thing. Higher highs and higher lows, that's it.
1-BTCUSD
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.
Bitcoin’s Path to New Highs: Strategic Patience We’re witnessing BTC testing significant structural resistance within this upward channel. Historically, such levels, especially in the context of macro-economic uncertainties, have defined pivotal moments in Bitcoin’s price action.
As we approach the $75,000 region, it’s crucial to observe how BTC interacts with this resistance. If a breakout occurs with volume confirmation, it could set the stage for a powerful upward trajectory. However, patience is key. The market often “breathes” before major moves, and any false breakouts here could lead to rapid pullbacks.
This is not merely about trading levels but understanding market psychology. Every price level reflects collective sentiment — a blend of FOMO, skepticism, and seasoned discipline. Remember, profit is not just about “catching tops or bottoms” but executing a strategy that respects both momentum and caution.
Let’s maintain a watchful eye on the next few sessions. A successful close above this level signals strength; a retreat, however, might be an invitation for a reentry at lower support levels around $70,000.
Stay disciplined, respect the levels, and as always, let the chart tell its story.
dyor
Ultra Bullish On Crypto - Especially BTCOver the last ewek we've seen signals jive in such a way that leans towards the most almighty bullish sentiment. Not only have ween seen an all time high on BTC, we've seen the upper trend line breached that we've been waiting for so long for. Equally, the cup and handle looks very much in play with a target in high excess of $250k. At this time, I'm super bullish on BTC and will be buying up all the dips from here on in until we get the terminal end of wave 5 of 5, which is months away. So, enjoy the up and down, know that up is the direction we're going in and goggle up all the dips like a raging Miss Pacman!
BTCUSDT 1D - LONG coffee Pls!BTCUSDT 1D - LONG coffee Pls!
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BTCUSDT 1D - LONG coffee Pls!
We have finally completed the cup and handle figure. The projection takes us to 120K, but there will be ups and downs along the way. Nothing new :)
Before looking for 80k, BTC will probably retest 69k from where it would take liquidity for a new push. It could even reach 66k.
The most interesting thing is yet to come with the awakening of the ALTS.
At these prices, BTC will grow steadily, developing distribution zones. Think that BTC increasingly needs more capital volume to rise 1%. On the contrary, the ALTS have been suffering a harsh punishment that has many of them at minimums. In this type of tokens, as soon as a little capital comes in, the value skyrockets.
I like to follow BTC as an index that sets the direction of the market, but no more.
Good luck in your decision making.
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
BITCOIN - Price Action Update... Looking For An Entry Point...In this video, I analyze Bitcoin’s price pattern since 2022 and aim to develop a perspective that could help us trade it higher.
Using a process of elimination, I identify what appears to be the precise wave count, allowing me to project a potential target for the current movement.
This approach is beneficial because markets rarely move in a straight line; if there’s an opportunity for two significant trades, being aware of that possibility can help us avoid premature moves.
If I observe the smaller wave structures aligning with this analysis, I’ll share a long trade idea, complete with a 15-minute chart and a follow-up video explaining my thought process through the AriasWave methodology.
As a reminder, while AriasWave differs from Elliott Wave, it still incorporates the concept of alternation from Elliott Wave theory.
November 6 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is a Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement.
After Bitcoin broke through its highest point,
it is almost impossible to draw a resistance line.
Except for personal feelings, I will follow the trend.
*One-way long position strategy when the red finger moves
1. 73,877 dollars long position entry section / When the purple support line is broken
or when section 2 is touched, stop loss price
2. 77,575 dollars long position 1st target / Good 2nd target
When the daily chart ends, it is a long position re-entry section of 76,272.5 dollars,
but it would be good to proceed with the stop loss price on your own.
While tapping the center line of the 30-minute chart several times
Since the short-term pattern is currently broken
The 1st section of the purple finger
marked at the top
is an autonomous short or wave confirmation section. Whether it touches or not is important, right?
If you break through here, it can be directly connected to the uptrend, so be careful.
The 2nd section is a strong uptrend condition
A rebound can occur until the bottom touch,
but if you break through the all-time high, it can be connected to the Whipsaw, so
you must be careful.
Up to this point, I ask that you simply use my analysis for reference and use,
and I hope that you operate safely with the principle of trading and the loss cut price.
Thank you.
BTCUSDT - going to 113866.19$My analysis is based on numerology, all the numbers you see on the chart are from the same place. There is a certain numerological symbolism, which tells me that the price has already put the bottom 49(13) and will make a reversal from the zone 52260+- and then will fly strongly upwards with the target first 89k bucks, and after 113k. It's time to look for a good entry point.
BITCOIN new ATH soon Hello and greetings to all the crypto enthusiasts, ✌
The previous two analyses regarding Bitcoin have achieved their upward targets, and in this analysis, we will summarize Bitcoin's movement in the relevant time frame. 💣🚀
In the last few days, we’ve seen an impressive surge as the price has not only shattered its all-time high (ATH) but has also broken through multiple significant resistance levels. At this moment, we have a powerful support level and a solid trendline in place, both of which are pivotal for our trajectory. 📚✨
I’m very optimistic that these key factors will drive substantial growth, positioning us to reach a new ATH in the near future. The potential for upward momentum is strong, and I’m excited to see where this journey takes us! 📚🙌
🧨 Our team's main opinion is The price has recently surpassed its all-time high (ATH) and several key resistance levels, supported by a strong trendline and support level. This sets the stage for significant growth and the potential for a new ATH in the near future. 🧨
To enhance your understanding, I’ve summarized the key takeaways at the bottom of the chart for your convenience. I hope you find this analysis insightful and beneficial. ✌🎉
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Cardano most passive scenario when Crypto/BTC pops Here a lidle Fib/Waveanalysis of Cardano aka ADA.
Just dont forget to mention that this is the most passive wave target with the assumption that we in thie case allready bottomed in WAVE2 Correction, waiting for impulsive start into Wave 3.
Wave 3 to 5 are more or less assumptions that only work out when my theory of done wave 1 and 2 has been done allready and validated by a impulsive wave 3.
Facts that we can mention is, that after last bullrun WAVE1 is perfectly arrived in Fib range 88.6 to 78.6 thats a detail that makes me really safe about that whole structure i drawed in that chart.
At the end i will update Target when we drag a bit from actual price to 0.23$ and my thesis still would be valid.
!!! If we go lower then the 0.23$ then my thesis would be invalidate and we are still in correction of the last bullrun. !!!
Target of Wafe 5 is when everything runs minmimalistic with elliotwave targets is around 1.19$
Stay tuned folks
BTCUSD - LONG 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🚀
Btc will probably the last bull ride. Until next retracementHey everyone! Here's a quick look at Bitcoin's possible path based on some popular chart patterns. 🎢📈
Imagine riding a rollercoaster with 5 big hills—up, down, up, down, and then up again! In these charts, each number (1 to 5) shows those ups and downs that experts look for in prices. 🚀📉
The colorful lines help us see where Bitcoin might go next. The yellow lines show the path it's following, like train tracks keeping it on course. The blue boxes and dashed lines show "power-up zones" where Bitcoin might stop, bounce, or change direction, kind of like a game checkpoint! 🟦🎯
The whole idea? Bitcoin might keep going up, but it'll have some bumps along the way. This pattern helps people guess where those bumps might happen. 💡
Remember, these are just guesses based on patterns, like predicting the next moves in your favorite game! 🎮🔥 Stay curious and keep learning!"
Bitcoin - Fractals and PerspectivesThe willingness to learn, however, changes everything.
Active traders treat market analysis with an open attitude and they are interested in learning how to analyze the market structure. They combine concepts such as trends, patterns, and support and resistance to actively improve their analysis and trading skills. These traders are real manual traders.
This article is intended for those in the latter group, the learners and active traders. We will explain how you can understand the market with more clarity.
The Market is Fractal of Nature
Does the market move erratically? Or is there an order behind the chaos?
According to the Chaos Theory, the apparent randomness of chaotic complex systems depend on their initial conditions. The concept is not that complicated as it seems: basically the ‘chaotic’ behavior is really not as chaotic as it seems.
Simply said, there are underlying patterns that repeat in a similar way on all scales. This phenomenon can be seen in both natural systems, like weather and climate, and artificial elements like road traffic and economics.
And yes, this includes the financial markets in general. The market is Fractal in nature, which means that similar price patterns repeat on all time frames.
So I started researching fractals a few years ago. Many fractals have worked out, in some cases partially worked out, the study is a process of learning and growth.
I want to share it with you today.
Why it works I have already said in previous posts - because all the same asset managers all the same algorithms all the same emotions and all the same actions people make in this or that situation. The nature of human behavior cannot be deceived. that's why fractals repeat themselves.
I have selected all the structures of reversal and further perspectives of charts
The main indicators :
1. this is the formation of the bottom
2. Holding levels
3. Formation of a horizontal strong level and its breakdown
That's all bitcoin has done in the last year.
What's next?
Statistics I found only one fractal after which we update the bottom.
No rolling growth 4 fractals
And most of them are 20-40 sideways and up.
All fractals are below.
These are all the fractals I want to share with you.
Best Regards EXCAVO
$BTCUSD Bitcoin will continue to growBitcoin has been in correction for 160 days. Now, there is a redistribution of hands, and among those who bought for the past 160 days, the average purchase price is 64k.
According to the structure, we see liquidity withdrawal from the bottom in each correction—marked with red crosses—which means that they liquidate long positions and then continue to move up.
We still have a year until the end of the bull cycle, and I think you will be pleasantly surprised when you see what prices will be in the next three months. Summer is over, and the most interesting time in the market is starting.
I am now more focused on the altcoin market and the cryptocurrency market. As they have more potential to rise/fall:)
Right now, the fear and greed index is down
I'm looking positively into this fall and the next three months. If there will be a fall, it will not last long and will be bought back quickly.
Best regards EXCAVO
The Bull market ContinuesBull market is back in full swing with a strong upwards momentuem following the last couple of weeks,
Volume has been accumulating within the 55-65k zones
Any retracement Would lead us to 68-73k becoming Soft supports and
the 55-65k zones becoming medium to hard Supports
The Total depth of the buy orders are now looking alot more bullish as the continuation of the bullish market has Dissolved most some of the bearish sell zones,
Playing for retracement can be tricky in scenarios of world events such as trump winning
It would be high Risk to Short the market at the current state,for the next couple of week i would suggest holding.
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.
Thanks for looking at the idea.
BTCUSDT Near Key Resistance – Another Rally Ahead?BTCUSDT is currently trading around a high of 72,890 USDT, with prices surging since its last breakout from the downtrend at 68,700 USDT.
The coin is gaining strong momentum due to several key factors:
Expectation of a Bitcoin Spot ETF in the U.S.: Investors anticipate that the SEC will approve a spot Bitcoin ETF soon, paving the way for institutional inflows.
Positive Sentiment Ahead of the U.S. Elections: Economic policy uncertainty has led investors to view Bitcoin as an alternative asset for value preservation.
Interest from Major Financial Institutions: Growing interest from top financial institutions is boosting confidence and demand for Bitcoin.
From a technical and indicator perspective, BTCUSDT is approaching a critical resistance level. If it successfully breaks through, another strong rally could be on the horizon!
Bitcoin Approaches Important Support Zone, Waiting for New BreakBitcoin is currently trading around $69,962 after a slight correction and touching the support zone between $68,102 and $68,976. This price zone has proven to be a strong support zone in the short term. The 4-hour chart shows that the price is in a consolidation and accumulation phase after the previous strong rally, with the 34 EMA and 89 EMA acting as dynamic support levels.
If the price holds the support zone and does not break below, Bitcoin could continue to fluctuate and form a short-term bottom pattern in this area before retesting the resistance level at $70,182. If this level is broken, a further uptrend could emerge with a target towards the $72,718 zone.
However, in a negative scenario, if the price breaks below the current support zone, BTC could face further downward pressure towards lower support levels. Investors need to closely monitor fluctuations and macro news that affect the market.
BTCUSD price analysis: Prospects of intact price increaseBTCUSD is currently trading around 67,957, continuing the recent decline. Despite the pressure on Bitcoin, the long -term prospect is still positive, because it continues to move in the parallel channel.
Looking at the technical indicators, we see that BTC has maintained its position on EMA 34 and EMA 89, signaling the potential for reversing. It is expected that, after checking the lower boundaries of this main canal and the ema, the price increases may continue. This can cause Bitcoin to aim for higher goals, capable of reaching new high levels over 73,000.
What do you think about this view? Do you believe that Bitcoin has enough power to maintain its position in the price increase or is there a stronger risk of decline?
BTC Hits 76K! Next Stop: 80K or Correction?GM crypto bro's! Fear & greed index now at 77 in Extreme Greed, and stoch RSI is shifting from oversold to overbought.
BTC finally reached our previous target of 76K! So, what’s next? Typically, after a solid pump, a correction follows, with potential dips to 73K-70K. If the momentum continues, we could see BTC eyeing the 79K-80K range.
Market’s hot with extreme greed, so stay safe and avoid FOMO—manage risk as always. That’s it for today’s update. I’m Akki, one chart at a time. Have a nice day & stay SAFU!