Told You $o, lolLook at my only other post here, from back in 2022. Somehow I called the end of Bitcoin’s bear market. I figured I may as well post an update, now that we’re back near all time highs, before the halvening.
Bitcoin-btcusd
Bitcoin H1 | Bullish bounce off overlap supportBitcoin (BTC/USD) could fall towards an overlap support and potentially bounce off this level to rise towards our take-profit target.
Entry: 59,472.79
Why we like it:
There is an overlap support that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 55,593.14
Why we like it:
There is a pullback support that sits under the 61.8% Fibonacci retracement level
Take Profit: 67,419.99
Why we like it:
There is a resistance that aligns with the 61.8% Fibonacci Projection level
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Daily Bitcoin and correction before halving💥Hello, dear friends!🫶
So, are You all excited about the swift rise of Bitcoin?🚀
It's cool, but regarding further movement, we need to:
a) skip;
b) trade carefully;
c) just observe.
(Let's emphasize the appropriate option 😄)
But seriously, before the halving, we usually expect a correction, and right now the price is at a very strong resistance level!
I don't rule out the possibility of false breakouts, but the market seems quite eager to shake us up 😁
Let's try to maintain composure! I suspect there will be plenty of opportunities soon, so let's not be greedy!
On the chart, you can see that I'm expecting a "cold shower" in the coming month.
👍Also, tomorrow I'm resuming my workouts at the gym. This will be my fourth attempt since the beginning of the war 🤪 I hope it goes well! I'll need your support!
Do You go to the gym? How do you relieve stress or tension?🧐Let's move forward together!💪
Always sincerely Yours, Kateryna💙💛
Bitcoin vs M1SL 1Week ChartThis chart compares the Bitcoin chart to the St Louis Fred. A very different view of what Bitcoin could do next if this neckline breaks. Will be watching these fib extension levels overhead and add more cycles as I see fit.
BITCOIN Today's monthly closing can start a rally to $81000!Bitcoin (BTCUSD) is closing the monthly (1M) candle today and to the surprise of most, it is near the November 2021 All Time High (ATH). In fact it is exactly at the level where the ATH monthly candle (Nov 2021) made its closing. As a result if the month of February closes today above it, we will have a new ATH monthly closing!
** The importance of the monthly closing **
Why is that so important? Because every time in history BTC closed a 1M candle above the closing of the previous ATH candle closing, it started the Parabolic Rally Phase of the Bull Cycle and never looked back until the Cycle top. This is a key level as there were 2 times it got tested but as the 1M candle didn't close above the previous ATH candle closing (August 2012 and June 2019), the price got rejected and took numerous more months before the next test and eventual break-out.
** The 1M RSI and Fib bands **
It is important to highlight that on the tests that were successful and made a new 1M candle close above the previous ATH candle closing, the 1M RSI was overbought above 70.00 (blue circle and arrow), while the 2 times it failed, the RSI was below 70.00. Also during those successful tests, the 1M candle was recently detached from the Fib MA Multiple 3 (blue trend-line) and in reached Multiple 5 (yellow trend-line) within the next 2 months maximum.
** What's next if successful? **
This indicates that if today's monthly candle closes above our critical level, we should see $81000 by April! And if you want to make a rough estimate of the top of the Cycle, it should be at or marginally below Multiple 7 (red trend-line) with a fair projection being $150000. You should also consider to start profit taking once the 1M RSI approaches its historic Lower Highs trend-line, which has timed the pricings of all Cycle tops. And with the exception of the last one, that was on a Double Top on the Lower Highs.
But what do you think? Will Bitcoin makes a closing above the ATH 1M candle closing today and if so, will it hit 81k by April? Feel free to let us know in the comments section below!
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Just Some XLM - XRP - BTC Analysis...This video isn't about trading ideas, but rather about my current thoughts on these cryptocurrencies.
Right now, I'm leaning towards shorting XRP rather than XLM given the current setup. Bitcoin has experienced a significant rally, but I believe its potential is limited. We haven't fully emerged from the long-term correction that began in 2017 yet.
When that time comes, we can execute trades and witness substantial growth in our trading accounts.
For the moment, I anticipate a continuation of corrective patterns until we reach that pivotal moment where we'll be gearing up to invest heavily and start dreaming of that Lambo.
Digibyte Poised for a Breakout!In the dynamic realm of cryptocurrency trading, where patterns emerge and narratives shift, the Digibyte Bitcoin pair stands at an intriguing crossroads, poised for a potential breakout after six years of compression within a falling wedge. As Bitcoin continues its upward trajectory, accompanied by murmurs of a potential shift in market sentiment towards altcoins, the DGG/BTC chart paints a compelling picture of impending volatility and opportunity.
Since the heady days of the major crypto alt bull run in 2017, the DGB/BTC pair has been ensconced within a six-year falling wedge, characterized by tightening price action and dwindling volatility. This protracted period of compression has seen Digibyte's price oscillate within the confines of this wedge, teasing traders with occasional breakouts and false starts.
However, the current landscape hints at a potential paradigm shift, as Bitcoin's dominance wanes and attention turns towards alternative digital assets. Against this backdrop, the DGB/BTC chart reveals a remarkable convergence of factors, with the smaller wedge within the larger wedge exhibiting even tighter compression—a phenomenon that often precedes explosive price movements.
Indeed, the DGB/BTC pair finds itself at a pivotal juncture, with two breakout points within the wedge offering tantalizing prospects for traders and investors alike. The sheer tightness of the compression signals an imminent release of pent-up energy, potentially heralding the start of a new bull cycle for Digibyte after years of consolidation.
But what exactly is Digibyte, and why does it hold such promise amidst the crowded cryptocurrency landscape? At its core, Digibyte is a decentralized blockchain platform that boasts impressive scalability, security, and speed—attributes that position it as a formidable contender in the digital asset space.
Unlike many other cryptocurrencies, Digibyte has eschewed the hype and hyperbole often associated with the industry, focusing instead on delivering tangible technological advancements and fostering a vibrant community of developers and enthusiasts. Its commitment to innovation and decentralization has earned it a loyal following and garnered recognition as one of the most promising projects in the cryptocurrency sphere.
From its lightning-fast transaction speeds to its robust security features, Digibyte represents a compelling alternative to traditional payment systems and a beacon of possibility in the burgeoning world of decentralized finance. With its unwavering dedication to principles of transparency and decentralization, Digibyte embodies the ethos of the cryptocurrency movement and stands poised to make a significant impact in the years to come.
As the DGB/BTC chart inches closer to a potential breakout, the stage is set for Digibyte to shine and realize its full potential. With favorable market conditions and a burgeoning ecosystem of supporters, the prospect of a new bull cycle beckons—a testament to the resilience and innovation of Digibyte and the broader cryptocurrency community.
In conclusion, the Digibyte Bitcoin pair is on the cusp of a transformative moment, with years of compression and consolidation priming it for a breakout of seismic proportions. With Bitcoin dominance showing signs of rotation and market sentiment shifting towards altcoins, the stage is set for Digibyte to emerge as a beacon of innovation and possibility in the ever-evolving landscape of cryptocurrency. As traders and investors eagerly await the unfolding of this narrative, one thing is certain: the future of Digibyte has never looked brighter.
Bitcoin Accelerates Towards $79K as Predicted🚀 Bitcoin Accelerates Towards $79K as Predicted: Unveiling the Next Major Milestone 💫
Today's remarkable surge in Bitcoin's price over $59,000 📈 is a vibrant testament to the dynamism of the cryptocurrency market. For our esteemed community on TradingView and our enthusiastic followers, this update is pivotal, showcasing the power of technical analysis and market foresight.
Let's dive into the core of our analysis 🧐, starting with the fundamental role of trend lines. Despite the skepticism surrounding their effectiveness, these lines have proven to be essential in identifying market trends and potential reversals. A look back at a post from March 14th, 2023, reveals a significant yellow trend line 🟡 acting as both support and resistance. This line has been critical in predicting the upward trajectory of Bitcoin.
Link with 1 trendline working MIRACLES:
The transition of this trend line from a barrier to a catalyst for Bitcoin's breakout above the crucial $40,990 level was a game-changer. This movement was particularly significant around the ETF approvals, marking a watershed moment in Bitcoin's journey. The strategy of "buying the selling news" 📰 presented a golden opportunity to buy below $40,000—a chance that may not come again.
Link:
With ETFs gaining approval and giants like Blackrock entering the fray, a new supply-demand dynamic has emerged for Bitcoin. The anticipated halving event is setting the stage for an accelerated increase in Bitcoin's value, with a projection of reaching $79,000 as the next major resistance level 🎯.
Link from 25k BTC:
In my analysis "Bitcoin Breakout: Professor's Big Charts Revealed #2," I highlighted the breakout opportunity that has propelled Bitcoin towards its current position at $59,950. This level is just a stepping stone on its path to $79,000, with $69,000 expected to offer resistance based on Fibonacci analysis.
Link:
The combination of chart analysis and fundamental indicators confirms the momentum behind the breakout, emphasizing the halving event's significance. Contrary to the bearish sentiment and short positions held by many, this development aligns with our predictions 🌟.
In essence, Bitcoin's climb above $59,000 marks a significant chapter in its story, spotlighting the indispensable role of technical analysis and market sentiment. As we journey through these developments, the prospect of further gains remains promising, highlighting the value of staying informed and adaptable in the fast-paced cryptocurrency market.
One Love,
The FXPROFESSOR 💙
Bitcoin touches 64K: Has it found its footing?Bitcoin touches 64K: Has it found its footing?
On January 22, CNBC's Jim Cramer said that it was " Unlikely that bitcoin finds its footing"
However, Bitcoin reached over $63,000 on Wednesday, marking its highest value since late 2021, even briefly touching $64,000 before turning a little lower.
As the Bitcoin halving in April approaches, reducing its issuance by half, there is anticipation that the decreasing supply won't meet rising demand, and helping Bitcoin find its footing above 60K.
According to Zach Pandl, head of research at Grayscale Investments, The introduction of U.S. spot Bitcoin ETFs has attracted an average of $195 million daily in February, surpassing the current daily production of around 900 Bitcoins, valued at approximately $54 million (at a $60,000 price).
Bitcoin's Open Interest has now reached above $25 billion, rising consistently since the 6th of February.
Side notes: During the trading frenzy, Coinbase experienced a crash due to a sudden surge in users. Despite some users reporting discrepancies in balances, the platform assured the safety of customer funds. MicroStrategy stock has seen a 27% increase in two days, with its crypto holdings reaching $11 billion.
Bitcoin Elliott wave Daily updateFurther, impulsive-looking price action, will add credence to the bullish scenario, and suggest wave (iii) of 3 upper is underway.
Wave (ii) may have ended at 2917.14, if so I expect a swift ascent over the coming sessions to suggest an impulse upper is extended, wave (iii).
We can keep the focus up against 24750 in a still-extending wave (iii) of 3,looking for price to aim for the 1.618 projection between waves (i) and (ii).
Hit the like button if you like my analysis and follow me for future updates!
Future updates will be posted as updates to this count.
Daily intraday updates on 1H and 4H time frame, don`t miss them!!
Good luck!
Bullish Sign For Bitcoin!Bitcoin technical analysis update (Weekly Chart)
Bitcoin's weekly RSI falling from the last 2 years, In December 2020 weekly RSI touched 95 overbought levels, at the time BTC was trading at $42000 after that RSI started falling.
In the above chart, you can see Bitcoin 2 year-long Weekly RSI breakout above its trend resistance line, this is a good bullish sign for bitcoin.
Thanks
Hexa
BITCOIN, Massive Broadening Wedge, Targets Active + ETF Volume.Hello There!
Welcome to my new analysis of BITCOIN in the daily timeframe perspective. The current bull run is still holding on and BITCOIN does not back off and is printing one hew high after the other. This uptrend is backed by real events that support the bullish case such as the Bitcoin ETFs release which is the preliminary fundament of new and fresh volume moving into the whole cryptocurrency market.
When considering the developing dynamics in my technical chart perspective now it has to be pointed out that BITCOIN since it bounced several times within the 50-EMA established the ability to form this gigantic broadening wedge formation. Recently BITCOIN formed the crucial breakout above the upper boundary of the formation above which it is now developing a main bullish triangle continuation formation.
There is also a major wave count ongoing which is supporting the broadening wedge development as the major waves A and B already formed the fundament of the broadening wedge BITCOIN is now continuing to form the wave C simultaneously with the bullish expansion wave. What is also an important factor that is stabilizing the bullish trend here is the horizontal support marked in orange.
Taking all these factors into consideration the most meaningful insight here is that BITCOIN now activated the main target zones with the initial target zone to be reached once the bullish continuation triangle has completed with the continued extensive bullish breakouts. Once the initial target zone has been reached and the bullish BTC ETF volume is holding on together with bullish technicals the final target zone will be reached.
Thank you everybody for watching my idea about BITCOIN! Support is greatly appreciated.
VP
Bitcoin, More Likely To Confirm To The Upside On The Short-Term!Hello Traders Investors And Community And welcome to this update-analysis where we are looking on recent events, the current price-structure and what we can examine in bitcoin the next days and hours. As I mentioned in past analysis bitcoin was expected to provide a sideways movement and after that confirm the further motion according to the situation, this sideway price-action confirmed now and as bitcoin was on the verge to confirm either bearish or bullish as it was in a range in which both breakouts where possible which is still the case but bitcoin added some factors and signals which making the bullish breakout scenario more likely therefore we are looking at the 4-hour local timeframe.
Initial Analysis According The Subject (4-Hour Timeframe):
As you can see in my chart bitcoin consolidated and confirmed the important POINT OF CONTROL level we have in this structure at the 9500 USD level decently to the upside after touching it and piercing the local resistance we had below it to bounce back with a volatile move to the upside. This move was actually a good sign which increased the bullish scenario because to confirm bearishly we had to trade sustainable below the POINT OF CONTROL level as already mentioned. This case was not given therefore although bitcoin is still in a consolidation range this move increased the bullish scenario which will be fulfilled when we cross the huge resistance we have at 9890 to the upside.
Now when we confirm the at the moment more likely bullish scenario and cross above the still remaining locals-resistance to the upside this will cause a bullish move within a high likelihood spectrum but it is important to remember that we have strong resistance levels there from 10.000 to 10.600 as I already pointed out in analysis about the higher timeframes. Therefore the big question will be if the channel in which we are trading is an uptrend channel or actually a bear-flag which can happen when we confirm the range between 10.000 and 10.600 bearish similarly as we have seen it with bitcoin in the past reaching that level. This bearish scenario can confirm when we cross the lower boundary of the channel to the downside and it will actually match with the rising wedge formation I mentioned we have on the higher timeframes.
Although bitcoin is stabilizing and trading above the POINT OF CONTROL this will be a huge test and will show how bitcoins reacts in this range there is a high possibility given that the huge resistance confirms bearish and moves on to develop the rising wedge scenario bitcoin is showing on the daily timeframe, in this case we should be prepared on possible bearishness entering the market. The incoming breakout can be traded aggressively with an immediate entry or conservative after bitcoin takes out the important locals-resistance to aim the upside targets at 10.200 to 10.300 although the conservative approach is better here traders should decide on individual risk and profit-preferences. After the more likely bullish short-term scenario has played out we need to elevate and consider the changing circumstances again.
In this manner thank you everybody for watching, support for more market insight, have a great day and all the best!
Information provided is only educational and should not be used to take action in the markets.
#MSTR Cup and HandleBig upside target on a logarithmic scale
Seems like #WallST #FOMO is occuring
#MichaelSaylor's Big Long may well go down in history.
Bitcoin – traders question how long until new all-time highsIn a world where FX, gold and equity index volatility is subdued, the crypto scene is getting great attention.
Not because we’re seeing volatility per se – that is not statistically the case - where Bitcoin's daily close-to-close percentage changes are seldom greater than 4%. But because of the absolute momentum and trending price action. This is not just true of Bitcoin, which has closed higher in 16 of the past 21 sessions, but in Ethereum and the broad suite of altcoins too.
The market looks at the barrage of positive news flow and adds length. There is a chase underway, as well as structural flows from market participants (and algo’s) that buy simply because the price is moving higher.
Traders look at the risk that could cause a significant liquidation and for the first time in a while see a limited number of factors that could cause significant volatility. Notably, many believe there is now reduced regulatory risk, which for years has been the biggest concern with holding bullish positions.
In fact, many say the biggest risk to near-term upside is indeed profit taking, or an event outside of crypto, such as a macro event (higher inflation, for example), that causes equity and risk to roll over and volatility measures to spike.
The question many are now asking is how long until we see the November 2021 all-time highs being taken out. It also begs the question of when euphoria kicks in. I don’t see it just yet, so it feels like pullbacks will be shallow and well-supported.
Let’s consider the price catalysts that appear front of mind:
The crypto market has really been drip-fed good news stories after another – if sentiment plays a big part in the performance of this ‘high beta’ asset, then the consistency in the positive news flows has been a clear tailwind.
The moves in the crypto scene have been in fitting with the rally we’ve seen in low-quality equity (high debt, poor balance sheet and high risk) and high short-interest equity. In fact, we can see the 20-day rolling correlation with Goldman Sachs ‘most shorted’ equity basket at 93%.
While some will say the rally is simply traders seeing the same factors pushing up high beta equity, there are some credible factors that crypto traders will point to that are specific to the crypto complex.
Tailwinds from the $5.5b of inflows into the 9 Bitcoin spot ETFs – this is net of the $7.4b of outflows of the Grayscale Bitcoin Trust. These inflows have picked up after Chinese NY.
An increasing belief that an Ethereum cash ETF is coming, and while the SEC will have several different considerations to what was reviewed in the Bitcoin spot ETF, many see the SEC blessing as a matter of when not if.
Traders continue to focus on the upcoming ‘halving’ in April, which was incredibly positive for returns 6 and 12-months after the three other occurrences.
Despite the one-way rally, Bitcoin's 30-day realised volatility stays at a lowly 30%, well below the 12-month average. This suggests Bitcoin is up there offering some of the highest risk-adjusted returns of any market.
MicroStrategy announced purchases amounted to an additional 3000 cryptocurrency tokens over the month – paying an average price of $31,544.
Bitcoin options open interest sits at $17.59m and rising steadily, but still off the levels seen in December of $21b. We can see from the options data that there is increased volume in calls strikes at higher levels, notably into the $60k strike. As Bitcoin’s price moves higher market makers (who have sold the calls) must dynamically hedge their exposures to remain delta-neutral – this means buying the underlying Bitcoin, which naturally pushes prices even higher
The higher the price goes the more leveraged shorts are being liquidated – and this will be especially true into and above $58,000.
A small issue that is secondary in the thought process is that Donald Trump has detailed he takes a more agnostic view on crypto. No President can undermine the USD but one that is not against Bitcoin is a tailwind.
As it stands crypto is seeing a clear momentum move and getting big attention from traders –some will question how long until new all-time highs, others will start to hedge, and others feel we are getting closer to a point of euphoria – it promises to be interesting trading
BITCOIN Is it about to 'Ride the Bollinger Wave'?Bitcoin (BTCUSD) is on the 3rd straight month that the 1M candle has touched the top of the Bollinger Bands (BB). At the same time the Bollinger Bands Width (BBW) is on the rise while the 1M MACD is well past its Bullish Cross.
When all those three catalysts took place together in the past, BTC has extended the rally on top of the BB, which is something we historically call 'Riding the Bollinger Wave'. Technically this should give at most a 2-month pull-back, which would of course be a buy opportunity, until the Cycle tops.
Will you continue buying every pull-back without fear? Feel free to let us know in the comments section below!
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Bitcoin: 52K Break Out Starts Wave 5?Bitcoin continues to find support around the 50,500 area. This is particularly important for intraday strategies. The consolidation that Bitcoin is within is still part of what looks like a Wave 4 configuration. This wave can expand to 48K and even lower and still maintain the integrity of the broader bullish impulse structure. The idea here is to look for trade signals that align with this structure, can capture at least of portion of the next leg higher which can potentially test the 56K area.
Not much has changed on the bigger picture. The 48K area is still the next major support in play. The ideal swing trade scenario would be a test of 48K over the coming week followed by a bullish reversal pattern (see line illustration on chart). I have been describing this scenario for some weeks now and the market simply does not deliver this opportunity.
Keep in mind there is no guarantee the market will present this pull back scenario, AND it is also possible for 48K to break while still maintaining a broader bullish structure. As long as Wave 4 does not overlap Wave 1, it would be reasonable to consider longs on the bigger picture.
It is important to WAIT for the setup, especially when it comes to a swing trade. What if 48K is never touched and 50K holds? Then the event to watch for is the bullish break out of 52K. Such a move can lead to a test of the 56K area or higher IF momentum persists. This is what I am considering to be the Wave 5. As I have pointed out many times, once this wave completes, a broader corrective wave is likely to follow and risk on the long side increases dramatically.
All you need to make adequate decisions are just a few essential elements that paint a realistic picture based on price. Trend, support/resistance, candlestick and price patterns draw from recent price history and provide a routine way to gauge potential movements in the near future. These elements can be evaluated on any time frame, and can serve investors as well as day traders alike.
Over complicating analysis is a common mistake which is often part of a larger problem: most traders/investors are unable to think beyond the limitations of their own human nature. This is precisely why the herd mentality exists and offers opportunities to those who recognize it in themselves and others.
Thank you for considering my analysis and perspective.
BTC-USD / 4H / TECHNICAL ANALYSISBINANCE:BTCUSD Hello traders, please be cautious! Bitcoin is approaching critical support levels. If the support is broken, a sharp decline may occur. Let's monitor it carefully
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
Weekly Bearish Stophunt on BTCBitcoin is experiencing a weekly bearish stop hunt and is likely to pull back from here. I still think we're in a bull market, but 4 weekly green candles are likely to cool off a bit.
I would look for reentry around 46k, maybe lower.
Stay safe out there!
Not financial advice, just my 2 cents.
Please follow, like, and share for more!
Bitcoin- One more top before big drop?
After breaking above the 45k resistance, BITSTAMP:BTCUSD soared, reaching a high of 53k. If we calculate the recent leg up started after the ETF's release, the rise is around 30% in just a month or so, which is significant, even for BTC. Technically, the trend is still strongly upward, and as we can see from the chart, after reaching 50k for the first time in the last 2 years, dips are constantly being bought.
Looking at the short-term picture, the price is contained in a rectangle, which is a continuation pattern. A break above 53k should lead to a new high around 54,500.
However, with the price so stretched to the upside, a correction is imminent, and in my opinion, short-term speculators should use these new highs as an opportunity to open short trades.
My target for this drop is 45k, with respect to the 48-49k zone.
Bitcoin is exhibiting a bullish trendBitcoin is exhibiting a bullish trend within a rising wedge pattern. The price has been consistently making higher lows, following the lower boundary of the wedge. The rising wedge is often considered a bearish pattern in traditional technical analysis; however, in the context of a strong uptrend, it can also indicate a continuation.
Price is approaching the 0.618 Fibonacci retracement level, suggesting this could be a significant resistance area. A break above this level could lead to a test of the 0.786 level. Conversely, if the price fails to break through the 0.618 level, it could retrace towards the lower boundary of the wedge.
RSI is just below the overbought territory, which could allow for further upward movement before the asset is considered overbought. The MACD is in the positive region but shows signs of convergence, which could indicate a loss of bullish momentum.
Volume indicates higher volume at lower prices, suggesting that there has been substantial buying interest on dips. The current volume above the price suggests lower trading activity, which might indicate less resistance to upward price movement.
Overall, the market structure is bullish, but approaching a critical resistance level. Monitoring the reaction of the price at the 0.618 Fibonacci level and the upper boundary of the wedge will be crucial for understanding the potential future price movement. A breakout above the wedge could signify a continuation of the bullish trend, while a reversal at the resistance could see the price retrace within the wedge pattern.
This is the way, BTCThis is the only way.
TV wants me to say something more, I can´t, because this is the way!
gosh, TV ruin the chart, so,
Green = % change change
Red = days/bars change change
remember, the only way.
BITCOIN - IS THIS A TOP?The current price suggests a potential peak, although it's not definitive.
However, indications point towards the onset of a decline.
If this holds true, the only significant support level appears to be around $48,294. We'll monitor the situation closely, and I'll provide updates in my next video.
