HelenP. I Bitcoin can rise a little and then make correctionHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price declined to the trend line and then started to grow near this line. Some time later, the price broke this line and fell below, after which it continued to move up between the trend line. Then BTC broke the 2nd support level (65500) and rose a little more, after which made a correction to this level, breaking the trend line one more time. Later, price turned around and quickly rose to the trend line, broke it, and then reached support 1. After this movement, BTC made a correction below the trend line and when the price fell to 67200 points, it turned around and made a strong impulse up, breaking the trend line with 1st support level. Next, the price made a few correction and continued to move up. Now, I expect that BTCUSDT will grow to 83500 and then make a correction movement. For this case, I set my goal at 78500 points. If you like my analytics you may support me with your like/comment ❤️
ATH
NQ Power Range Report with FIB Ext - 11/11/2024 SessionCME_MINI:NQZ2024
- PR High: 21320.00
- PR Low: 21249.00
- NZ Spread: 159.25
No key scheduled economic events
ATH run continues to 12320
- Could be interesting low participation on US Veterans Day
Session Open Stats (As of 12:35 AM 11/11)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 302.97
- Volume: 27K
- Open Int: 271K
- Trend Grade: Bull
- From BA ATH: -0.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Bitcoin Log Trend Curve - Feb 2025 peakJust wanted to draw a curve matchin the logarithmic trend of BTC price.
By this estimate we see a peak in Feb 2025 of about 95,000. But the price would only go down or sideways from here. I drew these lines in October of 23, but never published it - and so far it's following the trend. Just a fun thing I wanted to try, idk if it means anything.
PLTR Back to ATHsBounced off the .382 fib retracement with only ATH remaining. Lots of bullish momentum and TA has been smooth as well. Possible S&P 500 inclusion in September could also be driving price action from "smart money."
Flow into calls has been increasing with a few big orders above ATH have been spotted
BTC POST HALVING History doesn't repeat itself, but it often rhymes...
We're now in the post-halving part of the Bullrun, and we can look back into Bitcoins history to help predict what might happen next.
Typically A bull cycle lasts 1065 days from the low to the high with the halving event in the middle. If we use that same timeframe and apply it to this Bullrun we can expect the peak for BTC to come in early October of 2025.
Now we know that once BTC has had it's top, altcoins regain some of the market dominance in an "Alt season" which is often a manic period of profits from BTC being poured into increasingly risky projects until the whole thing comes crumbling down, which then leads too...
The bear market which historically lasts for a full year from top to bottom. The bear market comes when most people least expect it as they are so used to price going up, complacency and greed can cost you all of the gains made in the last 3+ years. It's also important to note that BTC routinely goes through 25-30% corrections on the way up, and this is where many fall down. Knowing the difference between a correction and a top is the difference between making it and roundtripping everything. Have an exit strategy, take profit at key areas, don't let greed win.
The Fibonacci levels can be very useful when a project goes into price discovery as well as big even levels, your 100, 150, 200's etc. When Fib levels line up with these big evens you can expect resistance and therefor look to protect your capital.
Bitcoin is very close to a breakout from the '21 ATH level, we've been above SWB:69K before but swing failed to hit $56K, I am still a little worried about the GETTEX:52K +VE Orderblock as shown in green, it would make sense to revisit that area at some point however it does depend on this current SWB:69K S/R level.
Aethir Project Overview: $ATH going All time high?Project description:
Aethir ( TSX:ATH ) is a decentralized infrastructure protocol that focuses on providing real-time data and computational resources for gaming and metaverse applications, aiming to create scalable, low-latency solutions using blockchain technology.
Type of project:
Decentralized infrastructure for gaming and metaverse applications.
Is it under a block?:
Yes, Aethir operates on the Ethereum blockchain and plans to expand to other compatible blockchains, providing its services through a decentralized network powered by TSX:ATH tokens.
Latest update or news:
As of November 7, 2024, Aethir announced its Compute Node Partnership Program, which incentivizes participants to contribute computing resources to support gaming and metaverse applications on the Aethir network.
Narrative:
Gaming infrastructure, metaverse, decentralized computational resources, and blockchain-based real-time data solutions.
Unlocks Data for Aethir ( TSX:ATH ):
1. Upcoming Unlock:
Next Unlock Event: Scheduled for November 10, 2024, with an unlock of 4 million ATH tokens.
Percentage of Circulating Supply: This release constitutes approximately 0.02% of the current circulating supply.
2. Rate of Token Released to Circulation:
Next 7 Days (November 7 – November 14): 4 million ATH tokens, or approximately 0.02% of the circulating supply.
Next 30 Days (November 7 – December 7): Cumulative unlocks totaling 12 million ATH, approximately 0.06% of the circulating supply.
3. Total Unlocked:
Total Unlocked Tokens: 3 billion ATH, which represents approximately 7.14% of the maximum supply of 42 billion ATH tokens.
4. All Upcoming Unlocks in the Future:
November 10, 2024: 4 million ATH
December 10, 2024: 4 million ATH
January 10, 2025: 5 million ATH
5. Vesting Analysis for Aethir ( TSX:ATH ):
Aethir’s token vesting is structured to ensure gradual and stable distribution:
Compute Node Incentives: 50% allocation, distributed over 5 years to support long-term infrastructure growth. Team and Advisors: 15% allocation, vested over 3 years to align with project milestones. Ecosystem Development: 15% allocation, released based on project expansion and strategic partnerships. Investors: 10% allocation, unlocked gradually to mitigate sell pressure. Community and Airdrops: 10% allocation, provided to early adopters and supporters to encourage platform adoption.
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.
BTC New Highs Inspired by Elections!With a strong technical foundation and a high-potential macro backdrop, BITSTAMP:BTCUSD is showing signs of continued upward momentum as we near the U.S. election weekend. Historically, this period tends to bring heightened market activity, and BTC's current technicals are aligning to support a bullish outlook.
📈 Key Indicators Supporting the Uptrend:
Momentum Oscillators: The Awesome Oscillator, Momentum (10), and MACD Level (12, 26) all flash buy signals, highlighting BTC's increasing buying strength and upside potential.
Moving Averages: Across the board, both exponential and simple moving averages from 10 to 200 days indicate a clear buy trend, with BTC consistently trading above these key levels.
VWMA & HMA: The Volume Weighted Moving Average (20) and Hull Moving Average (9) confirm recent price support, suggesting buyers are actively backing the current levels.
While oscillators like RSI and Stochastic remain neutral, the strong buy signals from trend-following indicators provide a favorable setup for a potential rally.
📅 Timing: With election-week volatility sparking interest for the first time in COINBASE:BTCUSD , now could be an opportune time for swing traders to jump in.
Disclaimer: This post is for informational purposes only and not investment advice. Cryptocurrency trading carries risks, including potential loss.
BTC USD UpdateAfter months and months of anticipation, the long-awaited ATH has finally been broken through. So, what's next? We're now waiting to see if the weekly and daily candles close with bodies above the ATH. Until then, we'll continue scalping with a bullish bias, but we'll also hold our swing trade runners with stop-losses below the previous week's low. Overall, we've set clear goals and remained steadfast through all the pullbacks. We're glad our strategy has paid off. Let's see what the market makers do next. We'll keep you updated
BTC USD UpdateAfter months and months of anticipation, the long-awaited ATH has finally been broken through. So, what's next? We're now waiting to see if the weekly and daily candles close with bodies above the ATH. Until then, we'll continue scalping with a bullish bias, but we'll also hold our swing trade runners with stop-losses below the previous week's low. Overall, we've set clear goals and remained steadfast through all the pullbacks. We're glad our strategy has paid off. Let's see what the market makers do next. We'll keep you updated
BTC | Price CELEBRATES Trump VictoryBitcoin has increased by 13% after Donald Trump has been declared the next President of the United States, beating rival candidate Kamala Harris.
Over the past few months, Trump has claimed to be very open to cryptocurrency and this victory has done nothing short of pushing the price to a new ATH... and climbing!
There are two ways in which we can calculate the net major stops; one I have been speaking about since MARCH. This target seems to be the likely next stop for BTC in the short to near term.
Time will tell if the new POTUS will be kind or cruel to crypto - remember that time we all rooted for Garry Gensler...? About that... Let's hope this time will be different.
If you want to know al little bit more about how ALTSEASON fits into this picture, check out the following idea:
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BINANCE:BTCUSDT
BTCUSD 74500$-75000$After breaking the previous high, Bitcoin made a retest and started a new bullish consolidation. We also see a break of the upper trend line and a strengthening of the bullish momentum. Everything indicates that we will visit the ATH zone again and attack it to create a new one. The target is -0.618% Fibonacci level and $74600. It would be nice to see Bitcoin at $80,000 in December, and maybe even earlier.
ATH from Historic Average PerspectiveHISTORIC AVERAGING
The point of historic averaging is to provide a long-term perspective on an asset’s price by calculating an average that considers all available historical data.
The simplest is Arithmetic All-Time Average
PineScript: ta.cum(close) / (bar_index + 1)
To get it we must add up all closing prices and divide by number of bars. (Bar_index + 1 because bar_index starts with 0, which can mess up calculation!)
It provides us with some useful information:
Long-Term Trend Identification
Current Price Contextualization - point of reference to assess how high is the current price than its historical Average
Exposes Long-Term Support levels - the historic average often aligns with significant support (True for Bitcoin particularly)
Since Arithmetic Averaging is more venerable to lagging, it made a significant gap from the lows:
If the weights weren't identical, the gap distance would have been less. So we can use other method of averaging for more precise alignments of the cycle Lows
Weighted Historic Average: This method assigns increasing weights to each bar over time, prioritizing later candles even more significantly. This method is particularly useful when you want to view the trend as influenced by more recent activity but still considering the entire data set. It may help in understanding price dynamics under growing market volume or volatility, as recent bars affect the average more prominently.
With such weighting method applied, the historic average better indicates long-term support levels making them more reliable to draw a relationship between current price and the Historic Average.
This post is not even about the rhyme of Weighted Historical Average with cycle lows.
If we divide closing price by WHA, we would get an idea how many times Bitcoin has been higher than the average during the times establishing All Time High.
Given the current uptrend, which shows potential to develop into a full-scale bull run, we can anticipate the next long-term ATH by monitoring the Close/Historic Average. As this metric rises and breaks above shaded levels, it signals continued momentum. Conversely, if it crosses below the first shaded range, this may indicate that a long-term ATH has been set, suggesting the market could be primed for the next significant correction phase.
Bitcoin - Gearing Up for NEW ATHBitcoin is showing a sudden increase in momentum, and the pattern I was watching has played out successfully after the last update:
Ultimately, the playout I have been talking about for MONTHS were as follow:
And this is the recent chart data on that exact idea:
I'm happy to finally see everything come together - it took some patience though!
Finally - impulse wave 4-5 (Elliot wave Theory) is in play! From here, we can expect ETH to gradually creep along, and when BTC trades sideways ETH and other top10 market cap alts will make gains. Find more on that, here:
When ETH stalls (and BTC even retraces a little) that's when the smaller cap altcoins will shine.
Cheers to another ATH 🥂🍻
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OKX:BTCUSDT
28/10/24 Weekly outlookLast weeks high: $69,526.58
Last weeks low: $65,268.55
Midpoint: $67,397.56
2021's ATH of $69,000 was once again broken last week, that makes it the 8th time this year BTC has broken through that level. Each and every time so far price has rejected off without price acceptance above it.
We are now 7 days away from the US election, with Trump in the lead in the polls and Wall Street preparing for another Trump presidency I expect to see crypto start to push on after the 8 month chop. The plan for a Bitcoin strategic reserve and favourable law-making towards the crypto market is a positive.
We also have the FTX distribution in 2 weeks, that's $16B coming back into the market, perhaps not all of it will stay in crypto but even if a portion of that remains that will be a significant boost to buyside pressure.
All in all BTC is in good shape currently, I would like to see acceptance above the all important $69,000 level by the end of the week setting us up well for the US election. Obviously what happens there is unknown until we get the result and typically fear can be negative for the markets so maybe we don't see acceptance this week but I am confident that the R:R at current price looks good with many signals showing growth is likely going into the end of Q4.
Bitcoin ATH 80K – A Technical Analysis UpdateIn my initial analysis on October 8, I projected Bitcoin's path toward an all-time high (ATH) of 80K based on a thorough review of Fibonacci retracement levels, trendlines, and market indicators. Now, with Bitcoin moving as anticipated, it's time for an update on the technicals and what we can expect going forward.
Key Technical Analysis:
Fibonacci Retracement Levels:
The 0.618 retracement level (~66,666 USDT) has proven to be a strong support zone. Bitcoin tested and respected this level, reinforcing the bullish momentum. With the price hovering around 66K, the next key level to watch is 71,068 USDT (0.5), followed by 75,471 USDT (0.382), which will confirm the trajectory towards the ATH.
Ascending Trendline Support:
The upward trendline I marked earlier has continued to act as a solid support. Price movements above this trendline signal continued bullish momentum, showing that buyers are confident at higher levels.
Channel Breakout:
Bitcoin broke out of its consolidation phase (March to September 2024) in line with the analysis. The breakout from the descending channel is significant, pointing to a sustained bullish trend. This kind of movement typically precedes higher price targets, which aligns with my projection toward 80K.
Moving Averages (MA):
The 50-day and 200-day moving averages are still in a positive alignment, offering support for the upward movement. As long as Bitcoin stays above these levels, the bullish case remains strong.
Volume and Market Sentiment:
Volume has remained relatively steady with no significant drops, which indicates there is still buying pressure in the market. This confirms that the breakout is supported by market demand and not just speculative moves.
Conclusion and Next Steps:
The technicals remain solid, and Bitcoin is following the path laid out in my initial analysis. With 71K and 75K as the next critical levels, the target of 80K remains highly achievable. However, while the long-term trend is bullish, traders should continue to monitor key support and resistance zones to confirm the strength of the move.
In summary, the chart speaks for itself. The breakout, moving averages, and Fibonacci retracements are all supporting the case for a new ATH. Stay focused on the broader trend and be prepared for the continuation of this bullish cycle.
Stay updated for further developments.
Bitcoin Update: The Last Level Before...Over the weekend Bitcoin INDEX:BTCUSD topped out at a level which has multiple confluences. In this post I will break them down one by one and talk about what happens next...
Perhaps the most common level noted by commentators is the Trend Line/Expanding Wedge/Inverted Triangle. I personally do not put much faith in these lines or patterns. The reason I do not is because they are often arbitrary. They can be drawn from any of the different highs and lows to support a person's narrative. As a trader I want clearly defined and objective levels. That being said... everyone draws this line and so it can become a self fulfilling prophesy.
The additional levels give it more validity:
The elephant on the chart holding down price is (and has for a long time been) the prior All Time High from 2021. This important level has been haunting Bitcoin's much hoped for RIP for years and it continues to do so. Price has hit it again this weekend and stalled.
Lastly, the more nuanced but important level is the final Volume Profile zone. Again, price hit and stalled at it this weekend. There are no more true significant levels of prior price and volume between this level and the All Time High.
So what happens now? It is quite Boolean by my experience... a Yes/No with high probability. If THIS level (being discussed in this article) is broken then there is a very high probability that price will rocket from 69k to 74k as there are no more levels of resistance within that small range and the momentum should carry it up to the next level with certainty. Then, at the All Time High, price will certainly respond with another hold or a break. There is very good bullish trading of this small range. After the All Time High there will need to be a solid, confirmed breakout. To me this means a Weekly closing candle well above it. At that point... sky is the limit for Bitcoin.
Otherwise, price holds here and the long and expanding consolidation continues as well as falls back to the ETF launch level of 43k. This is what I am betting on.
Money where my mouth is:
I am talking my book. I still remain long term short bitcoin using AMEX:BITI (the inverse ETF). I have been watching these developments closely to determine if my position is still valid. It has been on the cusp of being invalid but still remains my thesis. Sunday night I entered additional futures contracts short at the level.
Trade wisely!