Bitcoin tends to falter the day after ThanksgivingThe 124k target remains in play overall, but for now I suspect the shakeout from its 100k milestone has more to offer bears. And while bitcoin prices are showing a nice breakout from a flag pattern on the 1-hour chart, bulls should take note that today (the day after Thanksgiving) tends to be a bearish day on average. And that could make any moves towards 100k tempting for bears to fade into over the near term.
MS
1-BTCUSD
Holiday Markets and All Markets Spot CheckLimited trading for the remainder of the week in the US with Thanksgiving
We've notched a few all-time highs in the US markets but without any major surges. Low volume and light activity have been pretty apparent as the post election rips have settled down somewhat.
US data still in line before FOMC on Dec 18. Current FED Watch Tool showing a 64% probability of the FED still cutting 25 bps before end of year. This will be an important message from the FED to the markets on how the FED plans to adjust monetary policy in 2025 (pause, hold, cut, hike).
DXY and USD related crosses showing signs of nice movement (weaker dollar). Let's see if that is a stronger reversal pattern with follow through as many USD pairs are at strong support/resistance levels to show some reactions.
I'm not aggressively positioning on anything currently. If the melt-up continues, it's pretty easy and steady gains. If we have any flinch or pullback before end of year, I'll have my hedges in profit to help offset drawdowns. The best path for me is management both ways and inexpensive protection to the downside.
Thanks for watching!!!
Bitcoin, Ethereum, and Altcoins - What's Next in Crypto (Live) 🤖🚀 Bitcoin, Ethereum, and Altcoins - What's Next in the Crypto Market? 📈🌐
In this update, we dive into the crypto markets, exploring Bitcoin, Ethereum, and key altcoins as the tides shift bullish. Last time, I shared bearish insights—today, let’s unpack the green resurgence.
Bitcoin Update:
Bitcoin is back in an ascending channel, signaling bullish momentum.
Key support: $94,175. Resistance: $97,660. A breach above could take us to the $100,000 mark—my confidence stands at ~65%.
Reminder: If $94K support fails, caution is warranted as retracement could follow.
Ethereum Insights:
Outperforming Bitcoin with strong momentum. Target: $3,649.
Favorable fundamentals and structure make Ethereum the standout choice, even over Solana, where trends are less promising.
Altcoins in Focus:
Total Alt Market Cap (excluding BTC/ETH): Support at $906B–$900B, with resistance descending near $950B.
Ethereum > Solana: Favoring Ethereum to outperform based on stronger structure and resistance levels.
Specific setups:
UNI: Stellar performance—targeting $14–$17.
ICP: Bullish above $10.88, aiming for $14.
DOGE: Support at $0.38–$0.44, with potential to test $0.69.
XRP, Cardano, Solana: Showing resistance at critical levels; other assets may present better risk-reward.
What’s Next? The crypto market is brimming with opportunities, but step cautiously. Resistance levels across assets require vigilance, and taking profits is always wise. Ethereum remains a key focus for its bullish trajectory, while Bitcoin’s potential climb to $100K could redefine sentiment.
Stay tuned for more updates and analysis!
One Love,
The FXPROFESSOR 💙
SPY/QQQ Plan Your Trade For 11-27: BreakAway PatternHappy day before Thanksgiving, everyone.
Stay safe this holiday and remember to share hugs and love with all the people that are the most important in your life.
Trading will be there tomorrow and the next day - always.
Family, health, and loved ones always come before trading/work.
Today is a Breakaway pattern for the SPY. I suspect the SPY will still struggle near the 600 level and possibly REJECT into a downward price trend over the next 5+ trading days.
The QQQ is showing a very clear Flagging formation whereas the SPY is showing more overall strength.
Gold and Silver make a big GAP move higher. This is nice to see. I still believe Gold will attempt to rally above $3000 before the end of 2024 and Silver will attempt to rally above $35 before the end of 2024.
Bitcoin is now moving into a projected consolidation phase. The pending breakdown phase may see Bitcoin move down to the $74k to GETTEX:82K level. Buckle up.
Remember, we are going to have Thanksgiving holiday and shortened trading hours. If you have not already moved a large portion of your capital into CASH, you could be taking unwanted risks.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BTC ATH | Bitcoin Dominance | Alt Season Interesting insights can be gather from the Bitcoin dominance chart and the altcoin chart (TOTAL3).
You can see some interesting patterns when you overlap them, and monitor for previous "fractals" or patterns.
Some of the key insights you can gain from this combo:
👉 The BTC peak / ATH, or not
👉 The end of Altseason
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COINBASE:BTCUSD CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL3
SPY/QQQ Plan Your Trade For 11-26 : Inside-BreakawayAs we move closer to the Thanksgiving holiday, I want to remind traders that low liquidity is likely to drive extreme price swings throughout the markets this week and next.
Many traders are already "taking a break" from the markets right now - so please trade with CAUTION. Trade smaller positions and don't get trapped in anything you can't handle.
The markets will close on Thursday and have a half day on Friday. That means we are going to go about 3.5 days with no trading into early next week. Are you ready for that?
If not, get into a position where you can settle in through the holidays and relax. Come back to the markets on Monday/Tuesday next week.
I expect the SPY/QQQ to attempt to reject near the recent highs (yesterday) and for Gold and Silver to move into a bullish recovery phase after yesterday's selling pressure.
The one thing I would warn trades about today is the potential for a low-liquidity BREAKDOWN in price for the SPY/QQQ as well as Gold & Silver.
If there is some financial (US Treasuries) or breakdown event that prompts the markets into some type of Flash Crash - everything will go down.
I'm not saying this IS going to happen - but it COULD happen.
So, be prepared just in case.
Bitcoin is struggling to find any support throughout this downtrend. I suspect the $72-$77k level may be the final support for BTCUSD.
Buckle up. We could be in for a wild ride.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Is Bitcoin (BTC) Setting Up for a Pullback and An Opportunity?👀 👉 Bitcoin (BTC) has recently dipped from a key liquidity area and is now revisiting previous highs. This movement has traders watching closely for what could come next. I'm eyeing a possible buying setup, but only if it retraces to a balanced price level and confirms with a bullish structural shift. 🛠️ Disclaimer: This video is for educational purposes only and does not serve as financial advice. Always do your own due diligence and trade responsibly. 📢
Custom Crash Index Indicates Global Markets Are PanickingI believe the global markets are panicking related to Trump's pending inauguration and the fact that the US Fed may have to keep interest rates elevated through a US austerity process.
If you understand what this means, you'll clearly see why the US Dollar is trading above 106 and why Gold/Silver have moved downward recently.
The process of the US moving into smaller government with potentially $1.?T in excess capital means the US would move into a dynamic BEAST of a global economy. Able to pay down debt, restructure government agencies to become more efficient and lean, while pushing global economies closer and closer to having to clean up their own mess.
This is what I call the Predatory Fed.. and will likely prompt some very big price moves over the next 4-5+ years.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITCOIN | MACRO OUTLOOK | Top is IN | ALTCOINS SHINEI've been risking my opinion for the better part of a year, saying that the ATH is stilllll coming. Now, it's time for me to choose my trades again; and I'm choosing to take my profits here.
Here's a replay of an entire year's worth of BTC updates, incase you want to verify😉:
The next thing I'm looking at is the continuation of Altseason , because the TOTAL3 chart peaks AFTER the BTC high. I touched a little bit on this mechanic here; but I think I'll do another update on that in coming days.
After alts top-out, for BTC bounce zones I'll consider the moving averages, Elliot wave corrective theory, and previous resistance zones as new bounce zones. But this is near term, not short term.
Stay tuned!! Cheers to the believers 🥂
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COINBASE:BTCUSD
SPY/QQQ Plan Your Trade For 11-25-24 - Carryover TrendToday's pattern is a Carryover in Trend mode. Obviously, this is a holiday week, and because of low liquidity, I expect to see moderately wild price volatility.
Stay cautious, as price moves could be exaggerated this week.
Gold and Silver are still attempting to break higher and trading in a consolidated sideways price channel.
BTCUSD pauses into the holiday week.
This would be a good week to pause, read a good book, and avoid the risks in the global markets.
This shortened trading week will likely result in very wild price swings.
Stay cautious.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Is Bitcoin on the Verge of a Major Crash? Warning Signs Ahead!👀👉 Bitcoin (BTC) has recently surged to all-time highs, but is the rally about to reverse? On the 1M monthly timeframe, a key horizontal resistance level is flashing warning signals. BTC appears heavily overbought, and the trend shows clear signs of overextension.
📉 Using advanced trading concepts like Wyckoff theory and ICT methodology, this video breaks down:
- How historical price action reveals similar overextended moves that led to significant pullbacks.
- Why the Fibonacci tool suggests a potential retracement to equilibrium after a parabolic price swing.
- The lack of smart money accumulation since the last major price breakout, signaling potential vulnerabilities.
🔍 We’ll examine two key scenarios:
1. Bearish Opportunity: If price action breaks structure and takes out existing range lows, it could signal a deeper correction.
2. Bullish Opportunity: If BTC trades into a discounted zone below equilibrium, this could present a strong buy opportunity for longer-term positioning.
📊 This analysis is for educational purposes only and highlights the importance of managing risk in a market known for its volatility. Past performance is no guarantee of future results—trade wisely and always assess your risk tolerance!
👉 Don’t miss this critical breakdown. Learn how to read the charts like a pro and prepare for what’s next in Bitcoin’s journey!📊
BTCUSD to $115K EOYUsing the Magic Linear Regression Channel by @mwrightinc, we can create a channel on the weekly chart that shows that BTC has broken out of the channel. Using the Outer Fibonacci band from the indicator, we can see where this channel break could lead to. By using a start time from a 2018 pivot low, we can see a price target of $115K with a prior retracement to the top of the channel at around $92K. With a closer pivot low start time from November of 2022, we can see that the outer fibonacci channel calls for a bounce down from around $102K, with a retracement back to GETTEX:92K at the top of the channel before heading back up.
BITCOIN - Nearing A Short Term Top...Based on this analysis, Bitcoin is expected to peak soon.
The recent all-time high breakout is simply part of an expanded corrective pattern, which is likely to fully retrace.
Another opportunity for significant gains will emerge once this correction is complete. In the bigger picture, the long-term outlook for the crypto market appears promising, even if the broader markets experience a more substantial downturn.
For traders, opportunities will become increasingly clear as a few more corrective waves unfold.
SPY/QQQ Plan Your Trade For 11-22: Tmp-Bottom PatternToday's Temp-Bottom pattern suggests the SPY/QQQ will attempt to move downward - trying to find support.
If this pattern plays out as I suspect, we'll see the SPY and QQQ move lower, with the SPY attempting to move to the 588-590 area and the QQQ attempting to move to the 499-500 area.
I still believe the current setup promotes a breakdown in price based on the current Flagging formation related to the broad Excess Phase Peak pattern.
Nothing tells me the markets are going to rally at this stage. Unless we get above the Peak levels of these patterns, the most logical outcome is a breakdown in price leading to a Phase #3 EPP consolidation low.
Gold and Silver are starting to make a very big recovery rally - just as I suggested weeks ago.
It is great to see this move in Gold - although Silver is lagging a bit. Silver will rally, but it will rally slower than Gold at this point.
There is a real chance Gold could be trading above $3000 before the end of 2024. Buckle up.
BTCUSD came within $1000 of my $100,500 target level overnight. WOW.
This last $1000 move higher should be reached today.
Once we get above $100,500 on BTCUSD, expect it to try to roll into a new pullback and setup a new EPP Flagging formation.
That is what price does, it is either TRENDING or FLAGGING.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Update: GOLD, SILVER, NVDA, SPDR Sectors, SPY, QQQ & MoreThe markets are really struggling this morning.
The strong selling after the open is likely an indication traders are not buying into the hype right now.
NVDA earnings hit and drove the markets a bit higher into the open. I see this selling pressure as a BIG SHIFT into my Anomaly Event.
Gold & Silver are reacting to the downside.
SPTD sectors, particularly XLE (Energy) is still showing strong upward trends - while many of the others have already started to move downward.
I'm watching XLF and XLRE for a breakdown event.
The SPY & QQQ are showing broad weakness right now.
Prepare for my Price Anomaly Event.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 11-21 : Harami Inside PatternToday's Pattern suggests the SPY will consolidate in a Harami-Inside day type of price action.
In today's video, I highlight the continued potential for a price Anomaly event, even though we are seeing mostly post-election bullish price activity.
I do believe the proposed Anomaly event is highly likely headed into the Thanksgiving & Christmas holiday season.
Gold and Silver may stall a bit before attempting to rally further. Silver is not reacting similar to Gold, thus I have concerns that metals may stall a bit before attempting a bigger move higher.
BTCUSD is on track to rally up to $100k - just as I predicted.
Get some today.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Bitcoin at the Brink - $100K Incoming, But Watch Out!🚀💎 Bitcoin at the Brink - $100K Incoming, But Watch Out! 🌟🌐
Bitcoin is dominating the market like never before, and we’re now at $97,800, edging closer to the $100K psychological milestone! Let’s break down the key levels, opportunities, and risks in true FX Professor style. Strap in—it’s Bitcoin time! 🥳
💥 The Big Picture: Key Support & Resistance Levels
Bitcoin is a market mover, and here’s where we stand:
Immediate Support:
$96,000: A critical short-term level to stay above.
$88,000: The ultimate fallback—if $96K breaks, watch for FWB:88K as the main technical support.
Resistance Levels to Beat:
$100,000: The key psychological level that everyone, including your non-crypto friends, will be talking about! This is also a profit-taking zone for many whales and retail traders alike.
$108,000: This major resistance is what will decide the next phase of the rally. Breaking it could open the doors to $138,000.
✨ Why $100K is Both Good & Dangerous:
Let’s be real—$100K is exciting, but it’s also a tricky spot. Here’s why:
Good News: Breaking $100K could spark massive FOMO (Fear of Missing Out), drawing in new money and retail investors who’ve been sitting on the sidelines. 🚀 Headlines like "Bitcoin Breaks $100K" will dominate everywhere.
Bad News: A failure to sustain above $100K could lead to whale profit-taking and a significant correction back to $96K—or even as low as $88K. Whales dumping at such levels can be a nasty surprise for those overleveraged in the market. ⚠️
📈 BTC Dominance & Market Context:
Bitcoin dominance is above 60%, meaning BTC is still leading the pack and pulling the market along. Total altcoin market cap is sitting at $837 billion, while Ethereum (the king of alts) is lagging at $3,295. The current Bitcoin dominance is a signal that altcoins need BTC to cool down before they can shine.
💡 The Path Forward:
Stay Long Above $96K: This is the current line in the sand for Bitcoin bulls.
Prepare for $100K Headlines: Expect a flurry of media attention, retail FOMO, and whale profit-taking around this milestone.
Watch for a Breakout Above $108K: If Bitcoin clears this level, we’re looking at $138,000 as the next destination. 🌟
Bitcoin’s path to $100K is inevitable—but how the market reacts to this psychological barrier will shape the next moves. Whether it’s a rejection or a breakout, it’s time to stay sharp and adapt.
One Love,
The FXPROFESSOR 💙
BTCUSD at 100k. And then what?Sharing an idea about Bitcoin and its potential further path.
Let me know if you agree or not.
CRYPTO:BTCUSD EASYMARKETS:BTCUSD
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BITCOIN - Get Ready To Go Long... Just Not Yet...Here’s a quick video to highlight an upcoming opportunity to go long on Bitcoin and potentially secure impressive profits.
I’m noticing the early stages of a strong upward move, but don’t worry—you haven’t missed out.
Instead of succumbing to FOMO, view this as a signal to approach the market strategically.
Look for clear opportunities and plan your trades wisely.
This isn’t Elliott Wave analysis—this is AriasWave analysis, a more advanced method that can give you a real edge in your trading.
If you want to enhance your market knowledge and trading skills, stick around. I’ll show you how to execute trades effectively, staying disciplined and avoiding emotional decisions by making every trade fully systematic.
This is not financial advice.
WARNING -------We Are HereMartyBoots here , I have been trading for 17 years and sharing my thoughts on Bitcoin.
Bitcoin is looking beautiful , its a great chart with lots of buying pressure
Very similar to Gold back in the 70s
Do not miss out on the next dip as it may be your last chance = this is a great opportunity
Watch the video for more details
Market Snapshot - MSTR is a monster + NVDA earnings and HedgingNVDA beat top and bottom estimates after market today.
Due to it's 3.58T market cap, let's see where the SPY/QQQ are trading Thursday post NVDA earnings.
MSTR making headlines as one of the top traded stocks (behind NVDA) and it continues to surge and even outperform BTC in a big way - great gains but be careful of the rocket ship runs because they tend to end violently.
I also spend time reviewing my full watchlist in stocks, options, futures, and forex.
Thanks for watching!!!
BTC | SHORT TERM | ATH OutlookBitcoin is in the process of making new ATH's and this process is called "price discovery mode".
This basically means that we have no indication of possible resistance or support zones. However, there is one method I like to use for price discovery mode - Fibonacci.
This could hold some key information as to where the price of BTC may possible see some rejection, and where it could bounce from.
If you're keen to see the journey, I made an update on my ENTIRE BTC prediction-roadmap. Find it here:
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BINANCE:BTCUSDT
Bitcoin Reacted Well to InflationBitcoin serves as an inflation hedge, going beyond its role as a decentralized digital currency that facilitates peer-to-peer transactions without intermediaries like banks or governments.
When inflation peaked at 9% in 2022, both Bitcoin and gold exhibited upward trends—a pattern that has continued to the present day.
Although the latest inflation figure stands at 2.6%, the current levels of gold and Bitcoin, driven by market demand, indicate that inflationary concerns persist.
Today, we’ll explore how to buy Bitcoin during market dips.
Mirco Bitcoin Futures & Options
Ticker: MBTX4
Minimum fluctuation:
$5.00 per bitcoin = $0.50 per contract
BTIC: $1.00 per bitcoin = $0.10 per contract
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com