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Bitcoin (Cryptocurrency)

BITCOIN is incredibly bullish on Xmas! Insane chart showing 145kBitcoin / BTCUSD historically has an explosive price action during Christmas days of Halving years. Before every Christmas day, BTC is already on a rally that is supported by the 1day MA50, which forms a pre Christmas accumulation through a Channel Up. Incredibly enough, the rally tops post Christmas on January 8th on the 5.0 Fibonacci extension from the Channel Up. If that symmetry holds this year as well, then the crazy projection for Jan 8th 2025 is 145000! Follow us, like the idea and leave a comment below!!
CRYPTO:BTCUSDLong
by TheCryptagon
1
BTC | ETH | ALTSEASONBitcoin is trading just underneath yet another ATH, and I'm watching the ETH chart in anticipation for a new ETH All Time High - there is just no way that BTC makes such a marvelous high and Eth stays behind. The beauty of this, furthermore, is that during and especially AFTER a new ETH ATH, we can expect to see more rallies across the alt market, especially on the coins that have been lagging behind. This however, will also signal the beginning of the end of the bullish cycle. This post specifically delves into more detail on TOTAL3, BTC.D and the Bitcoin chart. You can to watch it for key indications as to when the bullish cycle is turning bearish: _______________________________ CRYPTOCAP:BTC.D BINANCE:ETHUSDT BINANCE:BTCUSDT
Long
by CryptoCheck-
Bitcoin is Teasing $105K: Bullish Breakout Ahead?Bitcoin has exhibited bullish momentum yesterday and now is teasing the intraday resistance level near $105,140. However, given the current market conditions, caution remains essential as price action could develop in either direction. Ideally, I would like to see either (A) a pullback to retest the $103,032 level, followed by a bounce back above this level, or (B) sustained break-out above $105,140. These scenarios would increase the likelihood of a bullish continuation toward the next major resistance zone between $107,655 and $108,550 (Green Projections). On the flip side, if Bitcoin drops below the $103,032 level and fails to recover quickly, it may signal a shift in momentum. This could lead to increased bearish pressure, sideways price action with a potential retest of support at $99,108 (Red Projections). Traders should monitor these key levels closely for confirmation of the next major move.
BINANCE:BTCUSD
by Trade-Lean
Weakness Prevails Below Key LevelsChainlink continues to show bearish momentum after losing key support levels. Key Observations: dVAL and pdVAL Lost – LINK has dropped below the daily value area low (dVAL) and remains weak with no significant new volume coming in, indicating a lack of buying interest. Swing Low Taken Out – LINK has taken out the swing low at $28, but the volume remains low, showing weak follow-through and limited buying activity. pdVAL and pdPoC Resistance – The previous daily value area low (pdVAL) and the previous daily point of control (pdPoC) are both situated at $29, now acting as a strong resistance level. Bulls must reclaim this area to regain strength. Lack of Bullish Defense – Bulls are failing to defend key levels, further signaling weakness. Below Key Levels – LINK remains below the weekly open (wOpen) and the daily open (dOpen), confirming a bearish bias. Target Levels: Bearish Targets: pwOpen (previous weekly open) coincides with the daily level at 26.09, making this a significant confluence area for potential support. The 0.5 Fibonacci retracement at 25.61 strengthens this zone as a next key downside target. Next Major Zone: The green support area below 26.09 remains a potential demand zone if selling pressure persists. Summary: With LINK taking out the swing low at $28 on low volume, remaining below dVAL, pdVAL, dOpen, and wOpen, the bearish momentum remains intact. The pdVAL and pdPoC at $29 now serve as strong resistance. The next major downside target lies at 26.09, where confluence with the pwOpen and daily level strengthens the support zone.
Short
by SiDec
Bitcoin can make small move up and then drop to support lineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a few moments ago started to decline and fell to the buyer zone, breaking the support level, where it some time traded. Later it tried to grow, but failed and quickly fell back to the buyer zone, after which made a strong upward impulse, breaking 95500 with 102200 levels. Next, the price grew more and then dropped to 90500 points, after which backed up and started to trades inside the triangle pattern. In this pattern, BTC almost rose to its current support level and then started to decline. In a short time, the price fell to the 95500 support level, and even lower, to support line of the triangle, which is coincided with the buyer zone. Then BTC bounced up and rose to the 102200 level, after which made little correction and then continued to move up. Some time later, the price reached the 102200 level again, broke it and now BTC trades inside the support area, very close to the resistance line of the triangle. So, for this case, I think BTC can make a small movement up and then continue to fall to the support line of the triangle pattern, breaking the support level. That's why I set my TP at 98900 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
14
XAU/USD : LONG, SHORT, LONG! (READ THE CAPTION)Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price failed to maintain its bullish momentum yesterday. With news favoring the dollar index, gold experienced further declines, reaching $2664 so far. Now, we can expect an upward correction, likely followed by another drop before gold resumes its rally towards levels above $2700. This analysis will be updated further, so stay tuned and follow step by step! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSD
by ArmanShabanTrading
12
$BTC to 120k-130kBitcoin sell-side liquidity has been slowly eaten away by buying pressure. The order book isn't as tilted towards sellers as it was last month, it's getting more balanced. Buyers are still gobbling up what's left of the supply, liquidity was being eroded. With less supply, it's easier for buyers to push the price up. Buyers keep chowing down on the supply that's slowly disappearing. There's not much big supply until we hit 110k, the trend is still strong. On this vertical accumulation, if we can stay above 104k to 102k (weekly rvwap) , I'm expecting a rally towards 120k-130k zone, before we move in range again. Coinbase had a negative premium all the way up to 106k, which is weird because spot trading was mostly at a premium (which is a good sign). We're in one of those moments where Bitcoin is just soaking up all the liquidity. The altcoins are looking pretty weak while Bitcoin hits all-time highs. This isn't unusual when Bitcoin starts figuring out its price. Just be patient; the market will cycle back around.
by Tealstreet
2
BTCUSDT: two scenarios!hello guys! Key Observations: Pattern Formation: Left Shoulder: Formed earlier around the $97,000 region. Head: A drop to approximately $96,598.96 (Fibonacci 0.618 retracement level). Right Shoulder: A potential retest of the $97,800 support area before continuation. Price Scenarios: Scenario 1: Bitcoin breaks the current resistance near $103,000 and continues to the target zone at $107,992.11. Scenario 2: A retest of the $97,800 support region (right shoulder), followed by a bullish breakout to the $107,992.11 target. Targets: Major target: $107,992.11 (blue supply zone at the top). Technical Confirmation: Price is currently consolidating above the neckline and above key Fibonacci support (0.618 at $96,598.96). Breaking the $103,000 resistance decisively could validate a strong bullish move. Conclusion: If BTC maintains support above $97,800 and breaks above $103,000, there is a higher probability of reaching the $107,992.11 target. Watch for bullish momentum confirmation and avoid downside risk if the right shoulder level fails.
Long
by melikatrader94
14
BTC/USDT SHORT TERM TARGET AND IMPORTANT SUPPORT LEVELS!!!Bitcoin's surge towards $112,000 excites investors, but caution is warranted. Strong weekly closes fuel optimism, yet corrections loom. Support levels at $92,690, $92,551, $83,470, and $74,541 offer potential buying opportunities. The 5EMA suggests short-term strength, with prices above the moving average. However, this rally presents a problem for altcoins. Bitcoin's non-bearish dominance stifles their growth potential. Typically, altcoins thrive when Bitcoin's dominance wanes or stabilizes. This creates a dilemma for diversified crypto portfolios. The solution? Monitor Bitcoin's dominance closely. A shift could spark altcoin momentum. Meanwhile, focus on Bitcoin's journey, using support levels as guideposts. If breached, watch $55,017 for a possible trend reversal. Adapt strategies as market dynamics unfold.
by PROFITPULSE10X
Bitcoin Eyes $107K: Key Levels to WatchBitcoin is showing bullish momentum, breaking through the key intraday resistance around $102,000. However, given the weekend, I am keeping my expectations realistic. 1. Ideally, I’d like to see either (A) a quick dip below $101,662 followed by a prompt recovery, or (B) sustained price action above $101,662. Both scenarios would significantly increase the likelihood of a bullish move toward the critical resistance at $107,000 in the coming days (as per the green projections). 2. Conversely, a drop below $98,984 could lead to choppy price action, a considerable slowdown in momentum, and a high probability of retesting the $94,650 level.
BINANCE:BTCUSDLong
by Trade-Lean
2024-12-16 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. comment: Clear channel upwards and we will likely hit 110k over the next days. The channel is wide enough to trade in both directions. Once market breaks below the closes bull trend line and the 4h 20ema, a short is the much bitter trade from a r:r perspective. current market cycle: Still a bull trend as long as above 94000. key levels: 94000 - 110.000 bull case: Bulls got another strong move up that began last Tuesday. It’s pointing to my measured move target 110k and I highly doubt bulls can get it much above that. But I also have a tendency to underestimate these bubbles. We can clearly see two legs up already and a third could get us there. Invalidation is below 94000. bear case: Bears see the broad bull channel and selling new highs was profitable over the past 4 weeks. They see the next bull wedge which can break down over the next 2-3 days and they hope for another deep pullback to 98k or lower. Invalidation is above 110.000. short term: Bulls are in control but I have no interest in buying this. Once the bull wedge breaks down and we trade below the 4h 20ema, I will think about shorts for 98k-100k. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 over the weekend. current swing trade : Nope trade of the day: Shorting above 101k continues to be profitable.
CRYPTO:BTCUSD
by priceactiontds
1
The ultimate target for Bitcoin in this cycle?Hello friends, I waited until last night and the closing of the weekly candle to answer this question. Finally, last night, the weekly candle closed above $104,000, confirming continued upward momentum for me. When it comes to setting targets for this rally, in my opinion, the best tool to use in trends is the continuation pattern AB=CD. As you can see, we have a clean and elegant pattern on the monthly timeframe with an attractive target of $260,000. Additionally, this number aligns with a trendline drawn using two monthly pivot highs, which increases the credibility of this target. Of course, as the trend progresses, we need to monitor price action more closely and trail our stops. But you can keep this number in mind as the final target for this cycle. I hope you all have profitable trades and enjoy the bull runnnnnnnnnnnnnnnnnnnnnn! 🚀
Long
by Thisis_crypto
BITCOIN The Volatility Index points to strong consolidation nextLast time we analyzed Bitcoin (BTCUSD) in relation to the Volatility Index (VIX), was 4 months ago (August 22, see chart below) and was an extremely successful projection as we took advantage of the 1W MA50 (blue trend-line) bottom and predicted the $100k Target, which recently got hit: Once more, we decided to seek the (mostly) negatively correlated patterns of VIX (chart on the right) to determine BTC's (chart on the left) price action in the coming months. Based on VIX's Channel Down, the fact that it broke below its 1W MA50 (blue trend-line) and now is rebounding indicates that BTC may be entering a weekly consolidation phase. As you can see on VIX's chart, every time it broke below the 1W MA50 and started rising, Bitcoin entered a multi-week consolidation phase that sometimes was quick and others many months in length. Its 1W RSI is also at a level that relates to all those consolidation phases. In our opinion this consolidation has more probabilities of being similar to December 04 2023 - January 29 2024, as the post August 2024 rally resembles more the rally that started on August 2023. This highlights the high degree of symmetry within Bitcoin's 2-year Channel Up. If it continues to replicate that huge Bullish Leg, then we might as well see the rally peaking upon a +195.27% rise again. That could target $145000 by May 2025, which technically would also be marginally above the 1.5 Fibonacci Channel extension, similar to the March 11 2024 High. So what do you think? Is it possible for Bitcoin to enter a multi-week consolidation now? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
4
BTC/USD: Are We Heading for $115K, or Could a Big Correction?Good afternoon, trading family, Bitcoin is at a critical point right now, and the next few moves could define its direction for weeks to come. Let’s break down what we’re seeing: Upside Potential: $107,818: This is the key level to watch. If Bitcoin breaks above it, we could see momentum push us towards $115K. $115K-$117K: This is the big target for bulls—reaching this zone would confirm a strong breakout. Downside Risks: $102,794: A drop below this level could signal the start of a deeper pullback. $80K: This would be the first major support if we lose $102,794. $50K: While less likely, it’s still possible if selling pressure accelerates. Like, Comment, Follow for more Kris / Mindbloome Exchange Trade What You See
KRAKEN:BTCUSD
by Mindbloome-Trading
Avalanche ($AVAXUSDT): 30-Minute Analysis for Short Trade SetupI spend time researching and finding the best entries and setups, so make sure to boost and follow for more. Avalanche ( BINANCE:AVAXUSDT ): 30-Minute Chart Analysis for Short Trade Setup Trade Setup: - Entry Price: $52.72 (activated) - Stop-Loss: $54.09 - Take-Profit Target: - TP: $46.74 Fundamental Analysis: Avalanche ( BINANCE:AVAXUSDT ) is a high-performance blockchain platform known for its scalability and low transaction fees. Despite its robust ecosystem and increasing developer adoption, current market sentiment reflects short-term bearish pressure, likely due to profit-taking after recent rallies. Technical Analysis (30-Minute Timeframe): - Current Price: $52.50 - Moving Averages: - 20-EMA: $53.00 - 50-EMA: $53.20 - Relative Strength Index (RSI): Currently at 42, showing increasing bearish momentum. - Support and Resistance Levels: - Support: $51.50 - Resistance: $54.50 The 30-minute chart indicates a downtrend, with BINANCE:AVAXUSDT forming lower highs and breaking below key support at $53.00. This setup aligns with short-term bearish sentiment, providing a favourable risk-to-reward ratio for a downside target of $46.74. Market Sentiment: Short-term sentiment on BINANCE:AVAXUSDT appears bearish, with selling pressure increasing around key resistance levels. Broader market movements, especially in Bitcoin and Ethereum, may further influence CRYPTOCAP:AVAX ’s direction. Risk Management: A stop-loss at $54.09 limits potential losses, while the take-profit target at $46.74 provides an attractive downside reward. This setup requires disciplined execution given the short timeframe and potential market volatility. Key Takeaways: - Ideal setup for short-term traders capitalizing on bearish momentum. - Clear downside target supported by technical indicators. - Risk management is critical given potential reversals in a volatile market. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
Short
by SiriusTrading
2