BTCUSDT Explodes After Trump's Victory – Target 100,000 USDT?Dear traders! 🐂
So Trump has won by a landslide, and BTCUSDT has quickly surged to around 75,000 USDT!
Moreover, with the extremely potential "cup and handle" pattern and the signal from the EMA 34/89 reinforcing the buyers, the uptrend is still very strong.
Therefore, if BTC maintains above the support zone, the next explosion could push the price up to 100,000 USDT!
What do you think about this common view?
Bitcoin-btcusd
Bitcoin touches $ 76,000 - next?Bitcoin (BTC) continues to capture investors’ attention as it maintains a stable upward trend. Currently trading around $76,226, BTC has seen a 1.96% increase in recent sessions. This growth is supported by positive technical indicators and a favorable market environment, leading many investors to believe Bitcoin could reach the $80,000 mark in the near term. But what are the key factors influencing BTC’s price, and what strategies are suitable in this current market context?
News Impacting BTC's Price
Growth in the U.S. Stock Market: Following Donald Trump’s recent election victory, the U.S. stock market has surged, fostering a positive investor sentiment. This optimistic outlook has spilled over into the crypto market, with Bitcoin benefiting from an influx of enthusiastic investments.
Increased Institutional Interest: Large financial institutions are continuously pouring capital into Bitcoin, viewing it as a hedge against inflation and a diversification asset. These organizations see Bitcoin as part of their defensive strategy against inflation, reinforcing the cryptocurrency’s upward momentum.
BTCUSD’s New Prospects
BTCUSD's technical chart indicates promising growth potential, especially if the price sustains above key Fibonacci support levels. Investors should closely monitor the Support 1 zone and the $77,003 resistance level to seize opportunities when the trend is confirmed. If BTCUSD breaks through this resistance, it could continue its rally toward the $82,078 area, offering an attractive profit opportunity.
Overcoming resistance, Bitcoin faces the risk of discountBitcoin (BTC) has adjusted after a recent strong increase, currently trading around US $ 76,300, down 0.27% in the day.
On the 4 -hour chart, although the increasing trend is still supported and parallel price channels have been broken, there are signs that show a potential peak about 77,000. The current support level is about 74,727 USD. If this level is surpassed, it can cause BTC to decrease deeper, capable of reaching $ 72,646.
BTC Hits 81K! Is a Massive Correction Next?GM crypto bro's! Today's fear & greed index shows extreme greed at 76, with Stoch RSI in the overbought zone.
BTC has pumped massively, reaching our predicted high range of 79K-80K and even spiking to 81K! Given the extreme greed condition, a correction might be looming. Watch for potential rejections at 82K-85K. If we see a drop first, the correction range might hit 77K-76K.
Stay alert, avoid FOMO, and always manage your risk. That’s it for today’s crypto update. I’m Akki, one chart at a time. Have a nice day & stay SAFU!
Lunar 2024: The Volatile Dragon Favors the Loud Rooster!🐲 Welcoming 2024: The Volatile Dragon Favors the Loud Rooster 🍊📢
🌕🧧 Happy New Year Wishes: Celebrating the Year of the Wood Dragon with Our Asian Friends 🎋✨
As we usher in the New Year, I extend my heartiest greetings and warmest wishes to our Asian friends. 🎊 May this Year of the Wood Dragon bring you abundant health, happiness, and prosperity. Let the lucky number 8 pave your path with fortune, and red envelopes fill your days with joy and luck. 🐉🍀
FXPROFESSOR's Prescience vs. Biden's Election Mode Bravado (fail!) 🔮💼
Kicking off the new Dragon year was President Joe Biden with a tweet that sparked discussions—complete with laser eyes and a confident assertion. But let's set the record straight: it was the FXPROFESSOR's sharp analysis here on TradingView that predicted the climb of Bitcoin with uncanny accuracy. Remember the post from January 12, 2023? It wasn't just drawn up; it was prophesied. While Biden may be in full election mode, trying to score points with the crypto crowd, it's the charts that tell the true tale. Yes, SP500 at AtH, dolalr strong, economy strong and inflation better but we are all aware that situation is not really good (Ukraine, immigration, war in Middle East, etc etc)
As for Bitcoin: it should had been already much higher Mr President! We don't buy this, sorry!
📢Biden's tweet: twitter.com
🐉Professor's Prophecy in January 2023 with BTC at 18k breakout based on predicting the fundamentals that followed (rates, inflation, election mode, ETF approval): (click on play!🐉)
Rooster's Rally in the Dragon's Year: Trump's Potential Political Resurgence 📣🍊
2024’s lunar calendar bestows favor upon the Rooster, an emblem of outspokenness and assurance. In a twist of fate, this bodes well for the audacious Donald Trump. The year of the Dragon favors the Rooster, and Trump's resemblance to the Rooster—both in spirit and, as we'll see in a shared link, in imagery—is uncanny. Will the stars align for his political comeback? The markets watch with bated breath, pondering the impact of his potential return.
Trump is the Rooster (God help us all): globalnews.ca and www.bbc.com
Volatile Fire of the Dragon: Charting the Course 🐲📈
The Wood Dragon heralds a year of market ebbs and flows, demanding our keenest analytical prowess and foresight. In Forex, the British Pound against the Japanese Yen—aptly nicknamed 'the Dragon'—serves as a perfect metaphor for the expected volatility.
This year more than ever, we must clutch our charts tightly and trust in the insights that have guided us through tumultuous times.
Let's dive into this year with the knowledge that our astrological and economic journey will be as intertwined as ever. Here's to a year where our trading decisions are as informed as they are inspired, and where our discussions are as robust as the markets we navigate.
And don't be mistaken:
1. The Charts will show us the way just like they did in 2023 (click on play...)
2. Politicians are dirty people, 99% of the time. I support nobody, not Trump nor sleepy Joe Bye-Biden. I wish the US could have had a normal human being for a president like they did for so many decades and not this bipolar shit-show....sorry!
One Love,
The FXPROFESSOR 💙
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 💙
$BTC - We'll grow on the shorters 79-84k nov-decWe are approaching the liquidity zone, as I have shown in previous posts.
Blue dotted lines indicate the levels where the decision will be made for longing; I do not expect a substantial correction.
Waiting for new ATH 79-84k in November -December
And 100k + in March
Domination goes to 60%
In this case, altcoins are not going to do well
Best regards EXCAVO
$BTC the bull run is NOT finished, reminder to stop FUDIn another idea (check my idea), I had forecasted a -50% dump of CRYPTOCAP:BTC , and we are close. I also highlighted that on a weekly timeframe, CRYPTOCAP:BTC had been oversold due to ETF hype, which forced CRYPTOCAP:BTC to consolidate mid-bull market to reset the MACD and RSI to lower levels, just like in 2021.
Here was the idea:
Additionally, this idea perfectly forecasted what is happening now:
I also correctly predicted that all these CRYPTOCAP:BTC owned by external actors would have to be sold on exchanges to reach the market, negatively impacting the price action.
Now, here is an updated chart to my previous idea that accurately forecasted the current situation.
What is coming next?
Check the MACD. On the weekly timeframe, we are close to the same situation as in 2021 when CRYPTOCAP:BTC bounced back to go parabolic. The yellow line shows the level where the MACD could cross and reverse to finish this bull run successfully.
In the worst-case scenario, we might continue the downtrend pressure while the RSI and MACD reset lower.
This pressure counterbalances the bull run and is the reason why CRYPTOCAP:BTC does not have the energy necessary to pass over the top resistance and is ranging.
This range will continue until the weekly MACD crosses over and the RSI reaches the oversold territory.
The good news is that the more time it takes, the lower the MACD and RSI will be, the longer the final bull run will become, and the higher CRYPTOCAP:BTC will go.
MT.Gox, Germans, Genesis, and Grayscale have done their dumping, so the sky is getting clearer, and the sun is starting to shine.
I do not think this bull run will be canceled; there is no way it can happen. It can be delayed by external factors, but the charts are clear and clean. We are moving forward in a massive way as soon as CRYPTOCAP:BTC gets oversold.
From the chart, a true reversal in the trend should happen between 2 to 10 weeks.
Be patient, do not panic, do not sell your coins; your portfolio will turn back to green soon. DYOR.
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!
"BTCUSDT Aiming for 82,000 USDT ResistanceCurrently, BTCUSDT is trading within a very solid long-term price channel. With the current price fluctuating around 75,672 USDT and showing minimal change compared to yesterday, the bullish momentum remains strong.
It is anticipated that BTCUSDT could soon progress toward the potential resistance level of around 82,000 USDT at the upper boundary of the price channel.
BTC Eyeing a Correction? Watch These Key Levels!GM crypto bro's! Today, the fear & greed index is at 75 in Greed status. Stoch RSI is now entering the overbought area.
Market outlook remains consistent with yesterday's analysis. Current BTC action hints at a high probability of correction in the 73K-70K range, while the potential pump target stays in the 79K-80K zone.
The market is still driven by greed—stay safe, avoid FOMO, and manage your risks as always. That's it for today’s crypto update. I’m Akki, one chart at a time. Have a nice day & stay SAFU!
BITCOIN Will Keep Growing! Buy!
Hello,Traders!
BITCOIN keeps growing
And we are seeing a
Strong bullish breakout
Of the key level around 74k$
Which reinforces our bullish
Bias and we will be expecting
A further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
BTC BULL CASE 07/11/2024📉 BTC/USDT Update 📉
The current 5-wave upward pattern appears to be complete, and the presence of bearish divergences on the 15-minute, 1-hour, and 4-hour timeframes indicates a likely downward correction. Additionally, the declining volume supports this outlook, suggesting potential weakness in the upward momentum.
🔸 Confirmation Level:
A break below $75,600 would confirm the start of a corrective move.
🔸 Target Zones:
Initial Support: $72,000 - $71,700
Deeper Support: 0.61-0.7 Fibonacci levels, around $70,800 - $69,800
If BTC holds these levels, a rebound could take the price toward $82,000 - $85,000, indicating the continuation of the bullish trend. However, a break below $66,000 would mark a bearish shift, opening the door to potential targets in the $44,000 - $37,000 range.
Disclaimer:
⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital
Bitcoin - Fractals and PerspectivesThe willingness to learn, however, changes everything.
Active traders treat market analysis with an open attitude and they are interested in learning how to analyze the market structure. They combine concepts such as trends, patterns, and support and resistance to actively improve their analysis and trading skills. These traders are real manual traders.
This article is intended for those in the latter group, the learners and active traders. We will explain how you can understand the market with more clarity.
The Market is Fractal of Nature
Does the market move erratically? Or is there an order behind the chaos?
According to the Chaos Theory, the apparent randomness of chaotic complex systems depend on their initial conditions. The concept is not that complicated as it seems: basically the ‘chaotic’ behavior is really not as chaotic as it seems.
Simply said, there are underlying patterns that repeat in a similar way on all scales. This phenomenon can be seen in both natural systems, like weather and climate, and artificial elements like road traffic and economics.
And yes, this includes the financial markets in general. The market is Fractal in nature, which means that similar price patterns repeat on all time frames.
So I started researching fractals a few years ago. Many fractals have worked out, in some cases partially worked out, the study is a process of learning and growth.
I want to share it with you today.
Why it works I have already said in previous posts - because all the same asset managers all the same algorithms all the same emotions and all the same actions people make in this or that situation. The nature of human behavior cannot be deceived. that's why fractals repeat themselves.
I have selected all the structures of reversal and further perspectives of charts
The main indicators :
1. this is the formation of the bottom
2. Holding levels
3. Formation of a horizontal strong level and its breakdown
That's all bitcoin has done in the last year.
What's next?
Statistics I found only one fractal after which we update the bottom.
No rolling growth 4 fractals
And most of them are 20-40 sideways and up.
All fractals are below.
These are all the fractals I want to share with you.
Best Regards EXCAVO
Bitcoin Approaches Important Support Zone, Waiting for New BreakBitcoin is currently trading around $69,962 after a slight correction and touching the support zone between $68,102 and $68,976. This price zone has proven to be a strong support zone in the short term. The 4-hour chart shows that the price is in a consolidation and accumulation phase after the previous strong rally, with the 34 EMA and 89 EMA acting as dynamic support levels.
If the price holds the support zone and does not break below, Bitcoin could continue to fluctuate and form a short-term bottom pattern in this area before retesting the resistance level at $70,182. If this level is broken, a further uptrend could emerge with a target towards the $72,718 zone.
However, in a negative scenario, if the price breaks below the current support zone, BTC could face further downward pressure towards lower support levels. Investors need to closely monitor fluctuations and macro news that affect the market.
BTCUSD price analysis: Prospects of intact price increaseBTCUSD is currently trading around 67,957, continuing the recent decline. Despite the pressure on Bitcoin, the long -term prospect is still positive, because it continues to move in the parallel channel.
Looking at the technical indicators, we see that BTC has maintained its position on EMA 34 and EMA 89, signaling the potential for reversing. It is expected that, after checking the lower boundaries of this main canal and the ema, the price increases may continue. This can cause Bitcoin to aim for higher goals, capable of reaching new high levels over 73,000.
What do you think about this view? Do you believe that Bitcoin has enough power to maintain its position in the price increase or is there a stronger risk of decline?
BTC Hits 76K! Next Stop: 80K or Correction?GM crypto bro's! Fear & greed index now at 77 in Extreme Greed, and stoch RSI is shifting from oversold to overbought.
BTC finally reached our previous target of 76K! So, what’s next? Typically, after a solid pump, a correction follows, with potential dips to 73K-70K. If the momentum continues, we could see BTC eyeing the 79K-80K range.
Market’s hot with extreme greed, so stay safe and avoid FOMO—manage risk as always. That’s it for today’s update. I’m Akki, one chart at a time. Have a nice day & stay SAFU!
BTCUSD Can it repeat Nikkei's 80s mania phase?This is of course a highly speculative but fun chart between Bitcoin / BTCUSD and Nikkei.
As you can see Bitcoin has been following Nikkei's post 1950 parabolic curve up to the point that it tested the 1month MA50 and rebounded aggressively to cross above the curve.
That was Nikkei's 80s Mania Phase that inflated the economic Bubble that burst emphatically and caused hyperinflation, not allowing Japan to recover up to this date.
Bitcoin is based on that comparison on a similar pre-breakout situation.
If it does break above the parabolic curve, which will mean a new narrative for Bitcoin with industry wide adoption and commerce use, we should be seeing (again based on this Nikkei comparison) an extension to the 10 Fibonacci level.
Previous chart:
Follow us, like the idea and leave a comment below!!
BTC Diamond Ser ?- While bears see bearish pennants, I see diamonds in the rough.
- I remain bullish, not due to the price, but for the sake of humanity.
- This isn’t an analysis, just a light-hearted joke, so please don’t roast me too hard! 🙏.
- Remember, diamonds are forever.
- Hodl!
Happy Tr4Ding!
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 💙