VRA Cleaned up short-term predictionKUCOIN:VRAUSDT Cleaned up version of my previous post prediction. Go back and look at Q4 Verasity 2023 and come back at look it this setup.
Bitcoin-btcusd
SHIBUSDT potential test of Down Trend Resistance lineSHIBUSDT is currently in an accumulation phase, with the price oscillating around the 0.000015 level. The market has bounced off this support level twice before initiating an upward impulse move. The most recent swing upward was stronger than the previous one, signaling a potential increase in bullish momentum. Growing expectations of a possible bull run could act as a trigger for further upward movement. The market continues to bounce off the upward trendline, forming higher lows, which indicates buying pressure. Based on this analysis, the price could retest the channel border, potentially leading to further bullish momentum. The target is the resistance zone at 0.00002.
BITCOIN fractal alert! Happening exactly like last October!We talked a while ago regarding the 'October effect' (August 28, see chart below) on Bitcoin (BTCUSD). But today we need to make an urgent analysis as it appears that the market is repeating almost the exact sequence of a year ago (October 2023).
The similarities are more obvious on the 1D time-frame where the price is currently ranged within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The most recent time it traded like this was exactly one year ago, back in the first two weeks of October 2023.
As you can see, during that time BTC also made a marginal break above the 1D MA200 before quickly pulling back below it. After it tested and held the 1D MA50 (as it did no on October 01 2024), is started the long-term aggressive rally of the Channel Up that peaked on March 14 2024.
As long as the 1W MA50 continues to hold as the long-term Support, there are high probabilities of seeing 100k, even before the end of 2024.
But what do you think? Do you see realistic the scenario of repeating the post October 2023 rally? Feel free to let us know in the comments section below!
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BTCUSD Midweek Outlook—Pump to 65K Likely with Small Dump RiskGM crypto bro's, this morning, the Fear and Greed Index is neutral at 49, while the Stoch RSI has started to exit the oversold area.
Yesterday's candle (07/10) touched 64K but dropped back to 62K this morning. What’s next for BTC? Based on price action, there's a high probability for another pump up to 65K. Though a deeper dump is possible, I personally think the pump probability is higher.
The market is dynamic—don’t get FOMO. Always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
BTCUSD UPDATE, October 7th 2024BTCUSD is now retracing to it's 61.8% fibo from it's first drop.
We wait for confirmation if the 61.8% will hold and the minor bear flag pattern will break.
I am still aiming 50k to 52k for next target!
CHEERS!
BTC USD UpdateWe've seen a retracement to the discount zone and a significant reaction. If Bitcoin continues to rise, we will see altcoins follow . We haven't entered any swing trades extra, but our runner from last month is performing well. We'll keep you updated if we see resistance or any other changes.
Bitcoin: Avoid Getting Caught In This.Bitcoin has retraced further than anticipated from my previous analysis (went to 60K instead of 64K support). There was never any price confirmation to go long on this time frame so you should have been able to avoid getting caught on the wrong side of such a move. While there appears to be a bullish correction of that move in progress now, it is important to prepare for the coming resistance where a lower high may unfold over the coming week (64K previous support/new resistance).
The arrow on my chart points to the 64K resistance area. This location is notable for two important reasons: price can present a bearish reversal there on this time frame, and retest the level again as a profit objective in the near future. The illustration on my chart shows how I am anticipating the price action will play out in this regard. Keep in mind, this is NOT any kind of guarantee, it is what I believe has a greater possibility compared to a narrow range of scenarios over a short time horizon (click on previous articles to see how my illustrations play out).
The whole point of sharing this analysis is to help you prepare for what the market can throw at you over the coming week. The key to using this information effectively is evaluating price action around these levels in search of CONFIRMATION (Trade Scanner Pro was made of this purpose). For example, over the previous week, Bitcoin broke the 64K anticipated support without ever confirming. There was never a reason to justify risk here, and every reason to step aside. Having a decision making model of this nature not only helps you to adjust to unexpected changes, but also avoid unnecessary losing positions.
In terms of current momentum, there was an inside bar breakout at 62,300 (previous high) and a long signal in play. This type of opportunity is best managed by smaller time frame strategies (day/swing trades). This is far from an attractive investment level, especially since there is only about 1K points before first resistance (64K). I consider this location as one of elevated risk, especially compared to the possibility of retesting 60K support again to be followed by a bullish signal. The second bullish signal (off 60K) would be the lower risk/higher probability play. This is just a possible scenario that I will be prepared for IF Bitcoin presents and confirms it, this is NOT a forecast.
Whether you are an investor or trader, you must have a way to objectively make decisions. A set of criteria to identify an opportunity, confirm entries, project exits and define risk. The time horizon that you choose will be an important factor that will shape how you process this information. As complex as all of this may sound, the goal is to accomplish this all while using as little information as possible. This is the LEAST you can do in a market environment where we as the retail trader/investor have NO advantage whatsoever. Otherwise you are simply stuffing your money into a glorified slot machine.
Thank you for considering my analysis and perspective.
BITCOIN TECHNICAL ANALYSIS|LONG|
✅BITCOIN has formed a
Bullish wedge pattern
While trading in an uptrend
So we are bullish biased and
We will be expecting a
Further move up
After we see a bullish breakout
LONG🚀
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BTCUSD Weekend Outlook—Targeting 64K with Potential Drop to 59KGM crypto bro's, happy weekend! This morning, the Fear and Greed Index remains neutral at 50, while the Stoch RSI is slowly exiting the oversold zone.
Today’s market outlook is similar to yesterday’s, with a target of 64K, though there is still potential for another drop, possibly back to the 59K area.
The market is dynamic—don’t get FOMO. Always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
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.
BITCOIN: Am I the only one looking this way?? $BTCA lot of people expect just a pump from here while we are still in fear area. Looks logical to me that we first need a decent shake-out, so we gain enough liquidity to fuel the real kick-off.
Let me know what you think
BTCUSD Reclaims 62K with Bullish Signs—Potential to Reach 64KGM crypto bro's, this morning the Fear and Greed Index has increased, moving out of the fear zone and into neutral at 49. Meanwhile, the Stoch RSI is signaling potential upward movement.
BTC has reclaimed the 62K area as I mentioned in yesterday's update, and the bullish price action seen this weekend may increase the probability of BTC reaching the 64K range.
The market is dynamic—don’t get FOMO. Always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
BTCUSD: An insane rally is starting courtesy of the USDT Dom.Bitcoin is rebounding today aggressively on the 1D MA50, being only neutral on its 1D technical outlook (RSI = 52.075, MACD = 23.455, ADX = 23.455), indicating that the upside potential is tremendous. One correlating asset in particular is showing that an insane rally is about to start, and that's the USDT Dominance. It is about to make a bearish reversal which on October 12th 2023, kickstarted the last strong rally of Bitcoin. We expect 100k to be met on this one.
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BITCOIN Cup and Handle on full motion looking for the break-out.Bitcoin's (BTCUSD) full Cycle since the November 2021 High can be illustrated as nothing more than a Cup and Handle (C&H) pattern with the Channel Down since March 2024 being the Handle of the formation.
Simple yet a technical reality, the Handle found support both in early August and September on the 1W MA50 (blue trend-line), keeping the bullish trend valid. In fact, the 1D MA200 (red trend-line) and the 1W MA50 have been the bottom formation zone during its previous 6-month consolidation in August - September 2023.
All Bullish Legs since the November 2022 bottom have been within +90% and +100%. Even if the minimum (+91.68%) of the last rally is followed, we can expect Bitcoin to reach at least $94000 during that run by the end of the year.
But what do you think? Will this Cycle-long Cup and Handle serve its purpose and break-out aggressively? Feel free to let us know in the comments section below!
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BTCUSD Struggles Amid Fear—Downtrend Continues ?GM crypto bro's, this morning BTC continues its decline, with the Fear and Greed Index now sitting at 41 in the fear zone, and the Stoch RSI still in the oversold area.
Looking at the price action on the H4 timeframe, there’s a small chance BTC could reclaim the 62K area, but the probability of further decline to 59K is higher. With the weekend approaching, we can expect low volume in the market.
The market is dynamic—don’t get FOMO. Always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
ONE MORE LEG DOWN FOR BITCOIN BEFORE TAKE OFF..???I got an interesting view on BITCOIN while all bullish-ers and bullsh17-ers always talk about BUY BUY BUY..
I own Bitcoin and hold some of it, but i just sold a huge portion of my bitcoin and prepare to re-entry around 50k.
I assumed the W-Y-Z correction is not over, and Bitcoin owe one more leg down to accomplish the "Z", which is at least as low as "Y", around 49k to 50k.
Of course for long term view i am still and still so confident that Bitcoin will reach at least 100k to 125k.
LET'S GO!
CHEERSS!!!
BITCOIN The 'March-October' effect kickstarting an insane rally.Back in August we were first to discover and bring to you the 'March - October' effect (see chart below) on Bitcoin (BTCUSD), which is what every one is talking about now as we've started the month of October yesterday and the final quarter (Q4) of the year:
As you can see, this is nothing more than a consolidation that the market tends to make within this 6-month range that ends on October, which kick starts an aggressive rally. That was the case in 2020 (would be more flawless if the COVID crash hadn't distorted the chart) and more recently in 2023. Note that historically October shows gains of around +21.00%.
What we can additionally keep from this chart is that the 1W MA50 (blue trend-line) held on three 1W candle tests since the August 05 Low and that provides the base for a potential October 2024 - March 2025 rally.
March 2025 has high chances of forming the peak of the rally as it historically tends to tops such Bullish Legs and then starts consolidation phases. That was the case on March 2024, March 2023, March 2021 and (as mentioned) if it weren't for the COVID flash crash, would have been most likely the case for March 2020.
All in all, even though the first two days haven't been ideal, we expect October to prepare the foundation for an incredible rally, especially on its last 2 weeks, a rally that might very well reach as high as $150000 before it enters a correction again.
But what do you think? Will October start such a rally? Feel free to let us know in the comments section below!
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BTC USD IdeaWe need to recognize that we're currently at a range high premium. Bullish entries from these elevated levels typically have a lower probability of success compared to entries from discount lows. Therefore, we need to be cautious and strategic in this price environment. For me, the 57477.00 low is the last bullish low I'm willing to consider. If the price fails to hold above this level, I won't attempt to go long, as the risk would be too high. Instead, I'll focus on absorbing the price action and taking small profits through scalping. I'll avoid large trades as of now, we will keep U posted
Bitcoin (BTCUSDT) Short Trade Setup: Key Levels and TargetsThis chart shows a short trade setup for Bitcoin (BTC/USDT) with clearly marked Entry, Stop Loss (SL), and multiple Take Profit (TP) levels by using the Risological swing trading indicator.
Here’s an analysis of the current situation:
Entry: The short trade entry was triggered at 64354.7 USDT.
Stop Loss (SL): The stop loss is placed at 65437.3 USDT, which is slightly above the resistance level to limit potential losses if the price reverses upward.
Take Profit (TP) Levels:
TP1: The first target is 63016.5 USDT.
TP2: The second target is 60851.1 USDT, and the price has already hit this level.
TP3: The third target is set at 58685.8 USDT.
TP4: The final target is 57347.6 USDT.
Current Price Action:
After entry, Bitcoin has experienced a downward move as expected, already hitting TP2.
The market is showing some consolidation, which may indicate a temporary pause before continuing its downward momentum.
Trade Management :
If the price breaks below TP2 again, the short trade could potentially hit TP3 and TP4, providing an opportunity for more significant gains.
If there’s a reversal, traders should be cautious and manage the trade accordingly, potentially moving the stop loss to breakeven to lock in profits.
This short setup appears to be progressing well, and if the bearish momentum continues, it may hit the lower take profit levels soon.
BTCUSD October Fear Zone – Is 69K Still on the Horizon?GM crypto bro's, finally BTC corrected to the range I've been reminding you about for days now, dipping as low as 60K, and currently, the price is sitting at 61,163. The Fear and Greed Index has dropped into the fear zone at 42, accompanied by the Stoch RSI entering the oversold area.
What's next for BTC? If today's candle closes above 62K, there's a strong potential for 69K to become the next target. However, if the price fails to close above that range, we might see another drop to 59K.
As I remind you daily, the market is dynamic—don’t get FOMO. Always maintain your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
BTC Downtrend Scenario and Key LevelsBTC seems like it is following this daily downtrend channel, and seems to be reversing from the top of the channel.
All the timeframes (Daily, 4H, 1H, and 15 Min) are screaming downtrend.
We saw that it retested the downtrend resistance at 61125 level and looks like it might retest it. We have 5 minutes left in 4H timeframe so will need to wait for it to close and see how price reacts to it.
Will wait for short long entry if the price breaks the 15 min key level and will have the target at the 1 Hour Key Level. (But chances are low).
I feel like we will go down further till 59200 area where the 1 Hour strong demand zone is. If we break that, then we might see 54000 - 50000.
Waiting on the sidelines until I see any clear structure or pattern forming. I feel safe that way.
Good luck and happy trading!
BITCOIN BULLISH TO $77,000 (UPDATE)Finally BTC prices has tapped into our supply zone. We've also seen a clear formation of a 3 Sub-Wave (A,B,C) pattern forming, which adds extra confluence to this trade.
I have placed a buy which is currently open & running! Let's see where this trade takes us!
Bitcoin fail Septembull, Drop or Just a Setup for the Next Pump?GM crypto bro's, today BTC's monthly candle closed without achieving a Septembull, showing instead a tendency for further correction. The Fear and Greed Index is at 50, along with a significant drop in the Stoch RSI.
As mentioned in previous updates, there is still a potential correction down to the 60K - 59K range. BTC currently sits at 63,538 with a strong bearish candle. Is the pump to 69K still possible? Yes, but I personally see only a 30% chance for that, while the probability of a correction to 61K - 59K is around 70%.
Happy payday to those who got paid! Remember, the market is dynamic—don’t get FOMO. Keep buying more Bitcoin, maintain risk even though life is full of risks. A great sailor isn’t great because of a luxurious ship but because of their skill as the captain. As always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
