Be careful with BITCOIN !!!Now, it can be said that Bitcoin can reach $100,000 next year, and I believe in this. Technically, the price managed to break the megaphone, and this is confirmed when four or five candles close above this resistance. If this happens, you know better than I do what will happen next !!!
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1-BTCUSD
Bitcoin's Necessary Correction: Why $69k is the Next Move!Hello Traders!
do you know why bitcoin is not falling ? let me tell you , BTC's Dominancy is just increasing and the 24H increasing from the day of election even not dropped 1% from 5th Nov till now , bitcoin will fall soon within days to the target in chart which is 68000-69898.
without giving these targets bitcoin can not go up to 92K.
follow me for more technical analysis and signals
Bitcoin Approaching Key Resistance—Watch for Breakout / PullbackSince the last analysis, Bitcoin has respected the Crucial Support Zones and is now approaching a pivotal point at the Descending Resistance trendline.
We’ve seen a bounce off the support zones, particularly the 1W BISI, which has held firm, and the next move will be decisive as BTC approaches the U.S. Election timeline in early November.
Key Developments:
Bitcoin is approaching the Descending Resistance, with a potential breakout signaling a move towards 76K and beyond.
The 1W BISI (one-week bullish imbalance support) has acted as a strong foundation for this current price action, making the upcoming resistance test a crucial moment.
The RSI is sitting comfortably above 55, showing momentum building up in favor of the bulls.
Strategy Update:
Swing Traders: Look for confirmation of the breakout above the descending resistance. If price holds and closes above this level, a run toward 76K and 80K becomes highly probable.
Scalpers: Stay cautious around the resistance zone. If Bitcoin fails to break out convincingly, a short-term pullback to retest the 1W BISI could provide shorting opportunities.
Key Levels:
Resistance: The Descending Resistance trendline is your key point for watching breakout potential. If BTC breaches this level, expect a rally to 72K and 74K.
Support: The 1W BISI and Crucial Support Zone 1 (around 64K) will act as strong support levels in case of any short-term corrections.
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This setup remains crucial as the U.S. Election date approaches, a point that may trigger increased volatility across markets. Keep your risk management tight and stay flexible as the market prepares for its next major move.
Smart Money Market Structure Order Block Trading🔸The principles of "smart money" trading focus on understanding the behavior of institutional investors, often referred to as "smart money," to make informed trading decisions. By analyzing market structure, order blocks, supply and demand zones, and market cycles, traders aim to predict price movements and make profitable trades. Here’s a breakdown of these key concepts and how they interact:
1. Market Structure
Market structure is the fundamental flow of price movement, typically defined by highs and lows that indicate trends. The market can be seen in three primary states:
▪️Uptrend: Characterized by higher highs (HH) and higher lows (HL).
▪️Downtrend: Defined by lower highs (LH) and lower lows (LL).
▪️Consolidation (Range-bound): Prices oscillate between a support (demand) and resistance (supply) level.
▪️Understanding market structure helps traders identify when a market is trending or ranging, which is essential for timing entries and exits.
2. Order Blocks
Order blocks are areas on a price chart where large institutional traders, like banks and hedge funds, execute significant orders. These blocks often indicate strong levels of support or resistance due to the substantial buying or selling activity.
▪️Bullish Order Block: Typically found before a strong upward move. It's the last bearish (down) candle before the price rallies, signaling a demand zone.
▪️Bearish Order Block: Typically found before a strong downward move. It's the last bullish (up) candle before the price drops, indicating a supply zone.
▪️Order blocks provide clues to where "smart money" has entered the market, suggesting areas where price may return for liquidity and where retail traders may find good entry points.
3. Supply and Demand Zones
Supply and demand zones are similar to support and resistance levels but with a focus on identifying imbalances. They represent areas where supply (sellers) and demand (buyers) are significantly unbalanced:
▪️Demand Zone: A price range where buyers are strong enough to prevent further price drops. This often corresponds to an area of support.
▪️Supply Zone: A price range where sellers have historically stepped in to prevent further price increases, serving as resistance.
▪️Prices often revert to these zones due to liquidity needs, creating entry points for trend continuations or reversals.
4. Lower Highs (LH) and Higher Lows (HL)
These are essential markers in identifying trend changes:
▪️Lower Highs (LH): In a downtrend, the price fails to reach a previous high, indicating seller dominance and potential continuation of the downtrend.
▪️Higher Lows (HL): In an uptrend, the price creates higher lows, suggesting that buyers are gradually gaining strength, signaling a continuation of the uptrend.
These structural points help traders understand potential trend reversals or continuations.
5. Accumulation and Distribution Phases
These phases are critical to the Wyckoff Market Cycle:
▪️Accumulation: This phase represents a period where "smart money" accumulates positions at low prices. It typically occurs after a downtrend and is characterized by a consolidation or sideways price movement. This phase often signals a future uptrend.
▪️Distribution: This is the phase where institutional players offload positions after a significant price increase. Like accumulation, distribution appears as consolidation, often preceding a downtrend.
▪️Accumulation and distribution are often analyzed using volume patterns and price action to gauge when a trend may begin or end.
6. Market Cycles (The Wyckoff Theory)
Market cycles are a sequence of phases that price undergoes over time. According to Wyckoff’s methodology, there are four phases:
▪️Accumulation: Institutions build positions, often at a market bottom.
▪️Markup: After accumulation, the price starts to increase as demand outstrips supply.
▪️Distribution: Institutions sell off their positions, often at the top of the cycle.
▪️Markdown: Price declines as supply overwhelms demand, leading to a downtrend.
▪️Understanding these phases allows traders to anticipate potential turning points, which is critical in smart money trading.
Applying These Principles in Trading
The smart money trading approach uses these principles collectively:
🔸Identify Market Structure: Determine whether the market is trending or ranging, then identify order blocks, supply and demand zones, and significant highs and lows.
🔸Recognize Key Levels: Watch for accumulation and distribution phases at these levels, helping to anticipate likely future movements.
🔸Confirm with Volume: Use volume analysis to confirm accumulation or distribution activity.
🔸Set Entries and Exits at Smart Money Zones: Utilize identified order blocks and supply/demand zones to enter trades with the trend (markup or markdown) or exit before a reversal.
🔸By combining these elements, traders seek to align with the strategies of institutional investors, capturing trends early and minimizing exposure during less favorable periods.
Rising Wedge.. BTC short position...Although the market has a strong bull momentum despite the positive dynamics, prices need to rest and correct after a point, and in this regard, tokens purchased at low prices need profit realization.
I wonder if we are there now. First of all, I detect that there is a rising wedge formation on my chart.
Then, we witness that the 5 indicators on the left, which represent momentum, have lost their power in the Market Sentiment Technicals indicator, which is LuxAlgo's magnificent indicator. Prices are still bullish, but the trend has not changed yet. But there are signs of change and risks are taken for this.
In the Market Sentiment Oscillator at the bottom, we are faced with an oscillator line that becomes weaker and peaks lower each time, despite the upward prices. This trace gives a clear sign of discordance. In such a case, we are sure that prices will go lower at the wedge break. The right thing to do is to wait for a breakout and enter the transaction.
BTC at 77K! Correction or Another Pump Incoming?GM crypto bro's! Today, the fear & greed index holds steady at 75, still in Greed status. Stoch RSI remains in the overbought zone.
BTC's peak is at 77K, yet it hasn't visited our expected correction range of 73K-70K. Overall, today's outlook mirrors yesterday's, with correction and pump potentials intact.
The market is still riding high on greed—stay safe, avoid FOMO, and manage your risks wisely. That’s it for today’s crypto update. I’m Akki, one chart at a time. Have a nice day & stay SAFU!
BITCOIN - this is just the beginning!We had previously predicted that Trump would win the US elections, and we talked about how positive that would be and how this coincided with the rise of Bitcoin and the start of the bull market in a detailed scenario, and it happened precisely.
Many are asking about currencies now and are worried about entering after this recent rise
You should know that this market has stages Bitcoin Dominance still high Which means that Bitcoin gave a small portion of liquidity to currencies
this is chart for BTC dominance and just imagine if this huge rising wedge breakdown?
so iam extremly bullish this time and should nknow ALTseason didn't start yet!
If you enter the chart of any coin, you will find that it is still at the bottom
I see that there are many opportunities and you will easily find from this region many currencies made x5, x10 easly.
What we need in the coming days is for Bitcoin to make a temporary peak, then correct, then move sideways, decline in BTC dominance
for BTC i see it make a NEW ATH after more than 250days of accumulation any small correction in BTC is a positive sign for ALTS
btc sell for short term still remains bullish long termon the hourly and 4 hourly beause btc might be creating a false break out with bearish rising wedge. if break out occurs well likely break below into briefly for mild consolidation. while this plays out still remaining bullish for long term
BITSTAMP:BTCUSD
Bitcoin surprise target
Bitcoin has touch $77.000 and make significant price movement. I really like this bullish momentum combined with US. election result. Now I want to share with you what I see in the chart on BTC. Maybe just little annoying for some people but this what I found on the price chart for Bitcoin price movement. From my simple analysis the price is going down to $71.500 - $72.000 for temporary movement before continue the next path price. The support gap is not filled yet because the price bulls so rapidly from my perspective. Remember this is not financial advice please use your own analysis to do action in the market.
Volatility Period: November 9-11
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(USDT 1D chart)
It's showing a big gap uptrend after a long time.
It seems that a lot of funds are flowing into the coin market.
(USDC 1D chart)
USDC is also showing a gap uptrend.
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(BTCUSDT 1D chart)
It touched the left Fibonacci ratio 1.618 (76787.43) point.
And, the BW indicator has risen to the 100 point.
The BW indicator is an indicator that comprehensively evaluates the MACD, StochRSI, OBV, and ATR indicators.
Accordingly, if the BW(100) line is generated when the BW indicator falls from 100, it is highly likely to lead to a decline, so caution is required when trading.
If the decline begins, the key is whether it can be supported around 71280.01-72344.74.
The 71280.01 point is the BW(100) point of the 1M chart, so if it shows resistance near 71280.01, it is likely to show a large decline.
(For this discussion, please refer to the idea of "Never HODL at the highest point even if the profit is small.")
However, since the BW(100) point of the 1W chart is created at the 68393.48 point, if it falls below 68393.48, it is expected to lead to a sharp decline.
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Since it is out of the upper part of the linear regression channel, it will soon enter the channel.
At this time, you should check whether the BW(100) line is created and think about a countermeasure for it.
Based on the above, I think it is a good idea to set the 72344.74 point as the stop loss point and re-select the start of trading based on the movement thereafter.
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If it is supported and rises near the left Fibonacci ratio 1.618 (76787.43), the next target is near the right Fibonacci ratio 1.618 (89050.0).
However, before that, there is a possibility of resistance in the 79902.66-80999.68 range and near 83646.12, so you should also consider countermeasures for this.
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If you are thinking of making a new trade, I think it would be good to start by confirming that the price has entered the linear regression channel and is supported at the support and resistance points.
If you want to trade right now, I recommend buying when the BW(100), HA-High indicators on the low time frame chart break upward and show support.
If the BW(0), HA-Low indicators are generated, buy when they show support.
The 5EMA on the 1D chart is passing around 74K.
Therefore, high volatility is expected to occur when touching the 5EMA on the 1D chart.
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Have a nice time.
Thank you.
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- Big picture
The real uptrend is expected to start after rising 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
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Bitcoin - The Beginning Of The Next Phase!Bitcoin ( BITSTAMP:BTCUSD ) is finally breaking all resistance:
Click chart above to see the detailed analysis👆🏻
Patience once again paid off after Bitcoin has been retesting the previous all time high for about 250 days, not really being able to create a sustainable breakout. But now, after all this waiting, things are happening pretty quickly and Bitcoin is on its way to the magical $100.000 level.
Levels to watch: $70.000, $100.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
Monthly chart bullflag has a breakout target around 115kIhave arbitrarily placed the measured move line for the bullflag breakout in the month of October but there’s always a chance it stays in the flag longer than that, in which case the measured move line would get moved over to the right and slightly lower each time it does. If it breaks up by october and validates that breakout the measured move target will be around 115k. *not financial advice*
VIX GOING BACK UPAfter two false routes (the two white lines), we know for sure that VIX is to go up at some point to make up for the gap it made this week.
The only thing is we thought today's opening would be a higher gap compensating the precedent gap, but it kept getting lower and lower.
Now that we're approaching a low KL, there might be a new opportunity for a long entry, stay advised and always put a tight SL on this.
BTC LONG TP:78000 1HR 08-11-2024I have uploaded an analysis on a 1-hour timeframe, setting a target price of 78,000. This analysis is valid for 24 hours; if conditions do not meet expectations, it will be invalidated. Stay alert to market fluctuations and manage your risk effectively. Good luck to everyone! #Trading #Bitcoin
Is BlackRock's Bitcoin ETF the Future of Digital Gold Investing?BlackRock's Bitcoin ETF: A New Era of Digital Gold
A Golden Opportunity
BlackRock, a titan in the world of finance, has made a significant move into the cryptocurrency market with its Bitcoin ETF. This development marks a pivotal moment in the mainstream adoption of digital assets, potentially signaling a new era of investment opportunities.
The Appeal of Bitcoin ETFs
Bitcoin ETFs offer several advantages to investors:
• Accessibility: ETFs provide a convenient way for investors to gain exposure to Bitcoin without the complexities of directly purchasing and storing the cryptocurrency.
• Regulatory Oversight: ETFs are subject to regulatory oversight, which can increase investor confidence and reduce risks associated with direct cryptocurrency investments.
• Diversification: Bitcoin ETFs can be used to diversify investment portfolios, potentially reducing overall risk.
• Liquidity: ETFs generally offer higher liquidity compared to direct cryptocurrency investments, making it easier to buy and sell shares.
BlackRock's Strategic Move
BlackRock's decision to launch a Bitcoin ETF is a strategic move that underscores the growing institutional interest in cryptocurrencies. The firm's reputation and vast resources can help legitimize Bitcoin as a viable investment asset and attract a wider range of investors.
The Impact on the Crypto Market
The launch of BlackRock's Bitcoin ETF could have a profound impact on the cryptocurrency market:
• Increased Institutional Adoption: As more institutional investors gain access to Bitcoin through ETFs, it could lead to increased price stability and reduced volatility.
• Price Appreciation: The influx of institutional capital could drive up the price of Bitcoin, potentially leading to significant gains for investors.
• Regulatory Clarity: The success of Bitcoin ETFs could pave the way for further regulatory clarity and standardization in the cryptocurrency industry.
• Innovation and Development: Increased investment in the cryptocurrency ecosystem could spur innovation and the development of new blockchain-based applications.
Challenges and Considerations
While the launch of BlackRock's Bitcoin ETF is a positive development, it is important to consider the potential challenges and risks:
• Market Volatility: The cryptocurrency market is known for its volatility, and Bitcoin prices can fluctuate significantly.
• Regulatory Risks: Changes in regulatory policies could impact the performance of Bitcoin ETFs.
• Security Concerns: Cryptocurrency exchanges and wallets are vulnerable to hacking attacks, which could lead to losses for investors.
Conclusion
BlackRock's Bitcoin ETF represents a significant milestone in the evolution of the cryptocurrency market. By providing a regulated and accessible way to invest in Bitcoin, the ETF could attract a new wave of investors and further solidify the cryptocurrency's position as a valuable asset class. However, investors should approach Bitcoin ETFs with caution and carefully consider the risks involved.
Is It Too Late to Invest in Bitcoin? A Comprehensive Analysis
Bitcoin, the world's largest cryptocurrency, has once again defied expectations, reaching a new all-time high of nearly $77,000. This latest surge has ignited a wave of excitement and speculation within the crypto community. While some analysts warn of potential risks, others remain bullish on Bitcoin's long-term prospects.
A Bullish Outlook
It is believed that the recent price surge is driven by a combination of factors, including increasing institutional adoption, growing global interest, and the potential for further price appreciation.
The Role of Institutional Investors
One of the key drivers behind Bitcoin's bull run is the growing interest from institutional investors. Traditional financial institutions, such as hedge funds, pension funds, and corporations, are increasingly allocating a portion of their portfolios to cryptocurrencies. This institutional adoption has brought significant capital inflows to the crypto market, fueling price increases.
Technical Analysis: A Bullish Perspective
Technical analysts have identified several bullish indicators that suggest Bitcoin may continue its upward trajectory. The recent breakout above key resistance levels and the formation of a bullish flag pattern are positive signs for the cryptocurrency. However, it is important to note that technical analysis is not foolproof, and market conditions can change rapidly.
Potential Risks and Challenges
While the current market sentiment is overwhelmingly bullish, it is essential to acknowledge the potential risks and challenges facing Bitcoin. One of the primary concerns is the potential for a market correction, which could lead to significant price declines. Additionally, increased regulatory scrutiny and geopolitical tensions could also impact the cryptocurrency market.
The Future of Bitcoin
As Bitcoin continues to break new records, the future of the cryptocurrency remains uncertain. However, the long-term potential of Bitcoin as a store of value and a medium of exchange is undeniable. As the global financial landscape evolves, Bitcoin's role as a digital asset could become increasingly significant.
Conclusion
Bitcoin's recent price surge has captured the attention of investors and traders worldwide. While the cryptocurrency market is inherently volatile, the underlying fundamentals of Bitcoin remain strong. As institutional adoption continues to grow and technological advancements drive innovation, Bitcoin's potential for further appreciation is significant. However, investors should approach the market with caution and be prepared for potential volatility.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It is important to conduct thorough research and consult with a financial advisor before making any investment decisions.