BTC Resistance Level Hit - What's Next for Bitcoin?🚀💰 BTC Resistance Level Hit - What's Next for Bitcoin? 💰🚀
Bitcoin has reached a major resistance level at $79,653, a target I set way back in January 2023 when Bitcoin was hovering around $18,000. This significant rally brings us to an inflection point — will BTC break higher, or is it time for a correction?
🔹 Current Resistance Level: This is a critical technical level that, if broken, could propel BTC towards the next target near $108K. However, a rejection could lead to a period of consolidation or even a pullback.
🔹 Support Levels to Watch:
Immediate support around $74,797 and $71,296.
Strong structural support at $66,328, a key level that could offer buying opportunities on any retracement.
🔹 Altcoin Season? With Bitcoin reaching one of its massive targets, attention might shift to altcoins. Ethereum, SUI, Cardano, and other alts are starting to show strong momentum, signaling a potential altcoin rally on the horizon.
💡 Strategy Insight: Stay alert and monitor these levels closely. For those trading BTC, consider buying above the $79,653 level if BTC breaks and holds above. For altcoin traders, this could be a window of opportunity as the capital rotates.
As always, check my Where Can Bitcoin Go chart for a detailed breakdown of key levels and future projections. The charts don’t lie — the numbers are unfolding as planned.
One Love,
The FXPROFESSOR 💙
Bitcoin-btcusd
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)
Bitcoin Breaks or Fakes? Eyeing the $79K Target!🚀💥 Bitcoin Breaks or Fakes? Eyeing the $79K Target! 💡💰
Hey everyone, it's been a while! If you've missed my voice, let's dive right back into it and see what Bitcoin has been cooking up. The BTC price has been flirting with the $66,320 level, hitting it for the sixth time now, as seen on the descending channel. Historically, the third and sixth attempts have shown the highest chances of a breakout, so is this the moment we’ve been waiting for?
If Bitcoin does break out this time, we could be looking at a potential rise to $79,000. While there are some mild resistances around $69K, $70K, and $71K, the major target remains $79K.
The exchange reserve data shows a significant drop, indicating fewer people are moving Bitcoin to exchanges to sell—an encouraging sign that could be pointing toward a potential rally to new highs.
Zooming into the 15-minute chart, we’ve seen two rejections after hitting resistance. However, the third attempt, if successful, could trigger the next leg up. On the downside, we have solid support at $65,322 that has been tested, and buyers seem ready to jump back in below the $60K mark.
I’m bullish on Bitcoin and keeping an eye on this breakout. If it happens today, we could be well on our way to $79,000.
Let me know your thoughts in the comments below! I’ll keep you posted on the latest developments.
One Love,
The FXPROFESSOR 💙
BITCOIN - The Next Target: Minimum $118K...After months away from analyzing the Bitcoin chart, I revisited it and identified a straightforward count, clearing away previous complexities to better estimate Bitcoin’s next target.
Based on this count, we’re now in Wave v of Wave 5, marking the final movement in this 5-Wave sequence that began in 2008.
In this video, I’ll also cover the key levels to watch if you’re looking to trade this move higher.
Stop Level: $58,971
Target 1: $118,000
Target 2: $174,000
This is just an idea and is not investment advice. Always trade with caution.
Why Smart Money is BEGGING for a Bitcoin Dip (Technical Analysis📈 Why Smart Money is BEGGING for a Bitcoin Dip (Technical Analysis)
MAC Strategy: Your Dip-Buying Blueprint
Monthly and weekly Moving Average Channel indicators are bullish. Here's your shopping list:
- Weekly MAC support: $59,234
- Monthly MAC support: $55,943
These aren't dips - they're gifts. When Bitcoin touches these levels, smart money moves fast.
Ducks in a Barrel Strategy Says "Load Up"
Weekly timeframe say we want to buy the dip. :
- 39 & 52 week MAs trending up and pulling away from each other (bullish momentum)
- Strong uptrend intact in spite of the several months of consolidation..
Perfect storm setup for Ducks in a Barrel:
1. Bitcoin undervalued vs gold/treasuries
2. Stochastic hits oversold at the same time
If you see a Bitcoin dip, REMEMBER: Dips are Gifts.
Stop Missing These Setups
I'll be honest - finding and catching these dips isn't rocket science, but timing is everything. Ready to level up?
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Trading Disclaimer
TRADING CRYPTOCURRENCIES INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. Past performance is not indicative of future results. The information provided in this analysis is for educational purposes only and should not be considered financial advice. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change without notice. I am not a licensed financial advisor. All trading decisions and consequences are your responsibility.
Bitcoin: The Short and Long (Term) ViewI want to give a video breakdown of my last Tradingview post which did very well as an Editor's Pick. Commentors posed some very good questions that deserve detailed explanations.
First, I talk about the confluence of three major levels of Resistance that setup last week and remained the overhead Resistance of INDEX:BTCUSD Bitcoin this week (and possibly in the short term).
Finally, lest I be accused of being TOO BEARISH... my LONG TERM view (going out for the next decade and beyond) using logarithmic projections of Bitcoin price action to define the Risk and Reward of a long term (2030 and beyond) investment. When Bitcoin is a good and not-so-good value proposition.
Bitcoin - Now Is The Time For A Breakout!Bitcoin ( BITSTAMP:BTCUSD ) will exit the consolidation now:
Click chart above to see the detailed analysis👆🏻
The only factor which is really driving the price of Bitcoin is technical analysis. And everything is pointing towards a bullish breakout above the preivous all time high and significant follow through. Make sure you somehow participate in the bullrun, either with altcoins or Bitcoin.
Levels to watch: $70.000, $100.000
Keep your long term vision,
Philip (BasicTrading)
Bitcoin - It Will Reach $100.000!Bitcoin ( BITSTAMP:BTCUSD ) will break out soon:
Click chart above to see the detailed analysis👆🏻
Everything, and I literally mean everything, is bullish on Bitcoin. The previous cycles, timeframes, market structure and price action are all pointing towards the continuation of the bull run which started in 2023. And a breakout above the all time high, is the next trigger.
Levels to watch: $70.000, $100.000
Keep your long term vision,
Philip (BasicTrading)
My Current Bitcoin Trading Plan - Dips are For BuyingOverall, I remain bullish on Bitcoin. The Monthly & Weekly MAC strategy is still supportive of looking for buy triggers on pullbacks into the Monthly/Weekly MAC lows. I will be looking for entry triggers on entry timeframes if Bitcoin pulls back into the $56K to $57,500 price range, and would consider still hunting entries if it trades below these levels.
The Daily remains bullish, but there is a MAC selling setup (not confirmed until Williams AD closes below its 57 period MA).
Have a great weekend.
SPY/QQQ Plan Your Trade 9-9 Update : SPY Must Rally Above 532This is a quick update related to the Inside Breakaway Pattern today.
The SPY must attempt to break above 532 in order to attempt a rally up to 539-542.
I really believe the SPY is primed to move into a Ripper Rally phase between now and the end of next week.
I will urge the Make-Or-Break (525-526) is still in play.
If the SPY falls below 525 - the trend flips to BEARISH
If the SPY stays above 525 - the trend is BULLISH.
So, we need to see how today plays out. But, I believe a Ripper Rally is primed and ready to go where the SPY could rally up into the 540+ level very easily.
It may play out as a rally to 545++ by mid-next week - but we may see it start today.
Get some.
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Bitcoin ALL-TIME-HIGH is STILL COMING: Here's WhyA hint... the RSI.
The RSI is one of those reliable old-timers, especially useful in higher timeframes to determine longer period price action, such as near term and long term.
Together with Elliot Wave Theory, I'm going to present to you an argument for why Bitcoin is STILL BULLISH and what my strategy/expectation is for the coming weeks. I'll also share key metrics to watch and do regular updates should the conditions mentioned in the video be met.
Although I am short term bearish, I remain longer term bullish, making it really impossible to label this post as solely "short" or "long".
Cheers to the Top10%'ers 🥂
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BINANCE:BTCUSDT
BITCOIN will find support above $57k & Rally To $90k In 2025.I thought I would look at BITCOIN as I've been doing my Plan Your Trade videos.
I don't follow BITCOIN much - but the skills I teach related to price channels, Fibonacci Price Theory, Anchor Bars, Fibonacci Retracement/Extension, and others can be easily applied to any chart.
So, I created this video to share with you how I look at opportunities and pertinent price formations.
First, I see a FLAG formation that is nearly complete.
Second, I see a 100% measured move that has prompted the stalling price action (the FLAG).
Third, I see multiple price channels leading to a robust possibility for a rally phase in BITCOIN later this year and into 2025.
Lastly, I paired my analysis of BITCOIN with my expectations for the US Indexes. Thus, if I were expecting a broad market collapse over the next 6 to 12+ months, I would bias my decision-making towards the downside as asset declines typically result in all assets moving downward for a brief period.
Watch this video and let me know what you think. I've laid out an A (bullish) vs. B (bearish) scenario for everyone and highlighted key levels of support/resistance for traders.
At this point, I believe the strongest outcome for BITCOIN is a bullish rally targeting $90k+
Bitcoin: TIMING the market beat Time IN the market!We've heard the addage; "time in the market beats timing the market." That may be true of stocks and people that want to be lazy but results dramatically improve with this one simple signal based in Ichimoku.
That signal JUST HAPPENED!
The results over 13 years of Bitcoin's price history are clear even when the last 4 years are isolated. Do the backtest yourself and see!
Elliot Wave 3-4 : FINAL Correction before NEW ATHI've been watching this bearish M-Pattern for some time, and I still believe this is a multi-month playout towards a new ATH:
This lines up with my initial correction target using Elliot Wave Theory:
We see a very clear Double Top play out in the Total Chart, also indicating that it's time for a correction:
HOWEVER - I expect the bulls to be ready and sweep in lower prices when the right support zone is reach (whale zone), which seems likely to be in the 40k zone. It won't be a straight line down - again, a multi-month playout is likely.
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CRYPTOCAP:TOTAL BINANCE:BTCUSDT
An increased inflow of funds into Bitcoin ETFBitcoin moved higher lately, breaking some key resistance barriers. This might have been initiated by the inflow of new funds into the Bitcoin ETF.
#BTCUSD EASYMARKETS:BTCUSD
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Bitcoin (BTCUSD) traders are still undecided Bitcoin EASYMARKETS:BTCUSD
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easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bitcoin Price at CRITICAL Point!As a follow-up to my Idea from May 1st where I pointed out the key Volume Profile Support of 56.9k that has held and now we go into the weekend at the Volume Profile Resistance of 62k.
Which of these breaks... Support or Resistance... will be the way Bitcoin goes! Does the bull trend fail or continue? Ichimoku will be the decider.
04/27/2024 - Watchlist, Stocks, Crypto - Video Idea - TA ChartsWatchlist, Stocks Indexes, Bitcoin, Crypto TA Charts by @NoFomoCharts
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BITCOIN - My Thoughts On This Price Action Plus More...When I take my time to compose my posts, it typically indicates that I'm engaged in background analysis. Through experience, I've come to understand that when one's mind is solely focused on trading, important factors can be overlooked. Instead, I've adopted a habit of conducting thorough analysis. Currently, I've identified a potential long-term count for Bitcoin that suggests we may be at a peak.
In presenting this perspective, I offer various clues to support this notion. However, the most significant indicator is the prevailing pattern at the market highs, which indicates a probable downward movement in price. Ultimately, the decision to act on this analysis hinges on one's trading strategy and risk management approach. While certainty is elusive in trading, the observable price action at the highs provides compelling evidence to consider a short position.
After reviewing the accompanying video and examining the evidence presented, I invite you to share your thoughts by leaving a comment below.
BOME & POPCAT ANALYSIS - A Clue To Bitcoins Price Action...I've been experimenting with these recently introduced coins to gauge if they offer insights into Bitcoin's future price movements.
Currently, there's a possibility that all three could trend downwards. It's prudent to acknowledge that we might still be in the midst of corrective phases in these movements.
For now, my stance is bearish unless there's evidence to suggest otherwise.