BTC Diamond FormationMost everything is in the chart for now and anyone knows if BTC will push down 1 more time before a big rally or go up straight.
we can see that we could form a Diamond Figure (Pink) to 0.618fibo
i don't show indicators but i can say :
Monthly chart show clearly that we are still going down.
Weekly chart have indecision on indicators.
Daily chart have inverted indicators.
we have 3 clear resistances formed by EMAS to breakout :
EMA 50 ---- 7200
EMA 100 ---- 7600
EMA 200 ---- 8000
possibilities after breakout :
1. we could fly to 9000 (DIamond Finished + 0.618 FIBO )
2. we could fly to 8400
possibilities with Rejection :
3. we could retrace one more time to 3700 before a new push. ( Traditional Support )
My advice for now is to wait as spectator and wait for a dip or a breakout.
Happy Tr4Ding & Stay Safe !
1-BTCUSD
BTC CME GAP- CME and cryptocurrency ETFs are important, but in different ways :
- The CME is more influential in terms of institutional trading, price discovery, and market structure, while ETFs play a crucial role in making cryptocurrencies accessible to a broader range of investors and driving market adoption.
- Don't focus on ETFs, they are still young and small in BTC/ETH market ( around 5% ).
- Chicago Mercantile Exchange are older.
- Wealthy investors are in BTC from 2017.
- This Gap have to be taken soon or later.
PS : the green line is EMA200
Happy Tr4Ding !
BTC Stay In Greed Zone Dump Imminent or Pump to 70K?GM crypto bro's, this morning the fear and greed index is at 72 in the greed zone, while the Stoch RSI remains comfortably in the overbought area.
BTC has pumped quite high to around 68,953, and on some exchanges, it may have even hit 69K. However, the correction to our 64K range has yet to happen. The price action is quite overbought, which makes a dump more likely.
Still, always be cautious—keep in mind that the market is dynamic. Don’t FOMO, always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
BTC Fibonacci Extensions for Impending Bull RunThe market is breaking the bearish structure on multiple timeframes. This idea is from the Weekly perspective. The Fib Extensions are pulled from the previous cycle high to swing low. These levels will be levels to watch as the macro timeframes start to heat up. The key levels to watch are the .618 extension levels for impulses and the .236-.382 for pullbacks.
Weekly RSI is nuetral around 58. RSI has tested and held above its moving average.
recent 100-150 simple moving average cross.
hold your coinpurse tight, this is a warm up.
not financial advice. do your own DD.
Thanks for looking at the idea.
Another disappointing BTC runSo once again bitcoin has hit the bull flag resistance...until we can push thru 69,000 with some volume....we will continue to to travel back and forth in the channel. currently the heart-line of the channel is 58,800... if we pullback to far i d expect us to at least test 62k then 59k
BTC Bitcoin UpdateIf you haven`t bought BTC before the rally:
nor sold the top:
Now Bitcoin could be positioned for a rally toward $69,000 as U.S. major stock indices hit record levels.
Historically, Bitcoin has shown a strong correlation with broader market sentiment, particularly during periods of risk-on trading.
With investor confidence growing in the stock market, crypto assets like Bitcoin may also experience increased buying interest.
Institutional investment could play a key role in pushing Bitcoin to new heights, especially with the favorable macro environment as GDP - in line with expectations today - and the recent 50bps rate cut.
BTC: Buffeting Under Resistance, Awaiting the Decisive BreakBTC is currently buffeting under the upper trendline, which is acting as strong resistance. According to cycle analysis, we could see a couple more days of upward movement before entering a decline. The potential for an Elliott Wave impulse (1,2,3,4,5) to break through the upper trendline is becoming clearer. If the break happens, expect BTC to pull back and sit on the trendline before continuing higher.
However, the frustrating part is that volume is cooling, which isn’t typical during Wave 3 of an impulse. Ideally, we’ll see a decisive break of the upper trendline within the next 24 hours, something that’s been long anticipated.
i think we are ready for the Bull Run BTC has broken out ?It seems that Bitcoin (BTC) is on the verge of a breakout, with many analysts pointing to October 2024 as a crucial time. After a long consolidation period, BTC is showing signs of a potential price surge, driven by various factors like institutional interest and technical indicators.
Some experts believe there may be a final dip in the short term, possibly around the $51,000-$54,000 range, before the price starts climbing higher. Analysts are watching closely for BTC to clear key resistance levels around $62,800. If it breaks through these levels, a move toward $70,000 or even $74,000 could be possible
THE CURRENCY ANALYTICS
COINTELEGRAPH
. Additionally, historical trends suggest that Bitcoin often experiences significant gains during the final quarter of halving years
COINTELEGRAPH
COINGAPE
.
BTC Breakout Alert: Weekly Close Could Ignite Rally! 🚨 #BTC is on the verge of breaking out of long-term resistance! 📈
If this week's candle closes as it is, we could see a strong upward move. 🟢
Current price: $68,714.9 (+9.35%)
Keep an eye on the weekly close for confirmation! 👀🔥
#Bitcoin #Crypto CRYPTOCAP:BTC
BTC USD Update"New low in from yesterday's daily low fractal 66629 in Coinbase. Absolutely massive buying volume on the order flow software behind us and just cruising into TP 6,7 ahead. Trailing stop behind under daily fractal lows. What a beautiful 2 weeks of rally. Let's see if we get weekend madness on top of that. I'll keep posting.
BTC/USD breaks trend linebitcoin was testing its old all time high made in 2021 at $69K at the time of writing. If it can hold above here, then it may soon challenge this year's all-time high of $73.8K next. Can it get there? Key short-term support is now see around $67.5K which will need to hold to sustain this latest attempt to break out.
By Fawad Razaqzada, market analyst with FOREX.com
BTCUSDT KEY LEVEL📌 Trading Instrument: BTC/USDT
🔶 Key Levels and Scenarios 🔶
📝 Market Overview:
BTC is currently in a critical zone where it could either continue its bullish momentum or see a breakdown from the current trend. The market remains bullish until it breaks below 67.6k, which is the key diagonal trendline marking the end of the impulsive movement from the bottom of the channel.
On the 4H timeframe, there is a bearish divergence between wave 3 and wave 5, which signals potential weakness. However, this does not mean the market can't go higher. In fact, unless the oscillator (RSI) makes a higher high (HH), this divergence remains valid. If the RSI pushes higher than 77, the bearish divergence will be invalidated, and we could see BTC continue its bullish trend.
🎯 What to Do Now?
No current position?
It's advisable to stay out and wait for a clear breakdown or breakout to confirm direction.
Breakdown Scenario
Key Breakdown Level: 67.6k
If this level breaks, it will mark the end of the current bullish momentum. In that case, expect targets at:
65k
63.8k
62.6k (aligns with Fibonacci levels 0.382 - 0.5)
Further Downside:
The 0.61 Fibonacci retracement is likely to be the final target in a breakdown scenario, aligning with target 3 on the chart.
Breakout Scenario
Key Breakout Level: 73k
A breakout above 73k will invalidate the bearish case and could lead to an explosive move toward:
100k – 110k.
Divergence Invalidation
To invalidate the current bearish divergence, the RSI needs to rise above 77, confirming higher prices. Otherwise, the market could reverse at any time.
🚨 Strategy:
Stay cautious. If you're not in a position, it’s best to wait for either a confirmed breakdown below 67.6k or a breakout above 73k. Both scenarios offer clarity on the next major move.
🔶 Important Note: 🔶
Based on the rejection and the market's movement in the coming period, we will be able to determine whether the market is heading towards a new All-Time High (ATH) of 100-110k, or if we are in for a deeper correction with potential targets of:
58k
48k
44k
40k
The market reaction at these critical levels will guide us in identifying the next major trend shift.
🚨 Disclaimer:🚨
This is not financial advice. Always conduct your own research and trade responsibly. Markets are highly volatile, and you should only invest money you are prepared to lose.
Bitcoin: The Journey to New All-Time HighsThe current Bitcoin chart is a testament to the precision of market cycles and the structure of bullish advances. Over the past two years, despite the volatility, the Elliott Wave count has consistently held true. This is more than just market movement—it's the realization of a larger fractal structure that suggests nothing in these price actions is random .
The screenshot of the chart, dated January 14, 2023, accurately anticipated the path that Bitcoin has taken since then. Even after almost two years, the market is continuing to follow the predicted wave structure, confirming the power of technical analysis and pattern recognition.
As we stand now in October 2024, Bitcoin seems poised for its last leg towards new all-time highs, driven by a well-defined impulse wave formation. The recent consolidation was simply a corrective phase—an essential build-up before the next massive wave. This ongoing bull market reflects the persistence of a larger trend that started years ago, and it aligns with every prediction of this meticulous count.
Bitcoin is on the verge of making history again, as it moves towards its fifth wave, ultimately setting new price records. The chart reflects a calculated market rhythm that shows, time and time again, how these cycles repeat in an almost predestined manner.
Prepare yourself for the upcoming rally—this is the final move in the current structure, a path already mapped out by years of technical analysis and evidence-based market behavior.
For a detailed view of the original analysis, check the reference screenshot here:
BTCUSD / Bitcoin Trade IdeaAfter reaching the target I'm looking to new setup. Currently I'm looking to position myself in short till we reach point A.
A) I want to see rejection of that level with bullish closure of higher timeframes = Long
B) I'll trail short a bit more in this case and look to long in point B with same criteria.
BUT I'll be more conservative and not have big expectations to reach higher prices labeled on chart (red line on top). That level is likely for scenario A in my perspective for now as I don't want to hold a position too long on those levels.
Bitcoin's Last Stand: Can It Break Above $68.3k?MARKETSCOM:BITCOIN has finally reached the weekly block—the last level before ATHs.
Is this the moment we’ve been waiting for? I believe it is. For the first time, it’s printing a bullish weekly signal at this critical level. The last attempts, in June and July, were merely bounces without the momentum or reversal signals needed to push higher.
This time feels different. We have an expansion candle on the weekly, and hopefully, it will close above the $68.3k level. If we compare the timeline to the previous breakout before the $30k surge, this consolidation phase seems to be coming to an end.
I think the odds are now better for an upward move.
I’ll revisit this chart at the end of the week—we still need a solid close.
If everything aligns, November could be a strong month, potentially pushing toward $81k!
BTC: Facing Resistance at $67,500, Potential Downside to $65,700hello guys.
Resistance at $68,400 (Top Line): Bitcoin is testing a strong resistance at $68,400, having failed to break above this level multiple times.
Engulfed Area: The engulfing pattern visible below $67,000 signals a potential bearish sentiment that could drive prices lower if it fails to hold the current resistance.
Potential Drop: The chart suggests a possible drop towards the $65,700 support level, which is a critical area of demand.
Support Zone: The blue-dashed line around $65,700 indicates a key support level where buyers could potentially step in.
Bearish Short-Term: If the top resistance continues to hold, the price is likely to head toward the lower support, suggesting short-term downside potential.
if the $67500 breaks down we can expect this scenario to happen!
SPY/QQQ Plan Your Trade For 10-18 : Tmp-Bottom PatternHappy Friday,
Today's pattern is a Tmp-Bottom pattern for the SPY Cycle Patterns. This pattern usually acts as price attempting to find immediate support in early trading, then moving into a moderate melt-up rally.
After yesterday's big opening gap (higher) on the SPY, I suspect the SPY & QQQ will attempt to rally back to those highs and possibly attempt to break those highs today.
In other words, I believe yesterday's opening price high was a reaction price level where price ran into immediate resistance. After watching price roll downward and now attempt to melt upward in overnight trading, I interpret this move as "failing to continue to establish new lower lows". Thus, price then shifts into a mode of "must attempt to make higher highs".
If my analysis is correct, we'll see the SPY/QQQ melt upward off the Tmp-Bottom pattern and possibly attempt to move up 1.25-1.50%+ today.
Gold and Silver are playing out very nicely - still moving in a solid rally phase.
Bitcoin continues to consolidate sideways. The length of time Bitcoin has consolidated could present a very big breakout or breakdown pattern over the next 2 to 5+ days.
So, be aware that any move away from the #3 & #4 consolidation phase of the Excess Phase Peak pattern could resolve into a very big price move for Bitcoin.
Currently, I suggest the downward price move has a slight advantage - simply because of the failed new highs (price rejection). But, that could change in an instant with a confirmed higher high/higher close.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold