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BTC Bitcoin Jan 25th Update, do or die for the bullsSharing this update from Jan 23rd with the community here "Crypto is leading again. I was creaming about not going crazy about crypto; you can see why now. Still think that it will hold into mid-Feb; watching for the weekly support to close above 39.9k to confirm. The next support target is at ±36k (38.5k was hit), followed by ±34.3k The main target is at 32-29k It still has a chance of a takedown move here and a move to 46k into mid-February, but so far, the price is quite bearish, also way below mid-Bollinger and trending lower. I will be swing long if 32-29k is tested" One more to note is that the price has broken below is rising channel and a re-test of ~41.3k will be important for the next price action. Im more leaning into the ABC down into Apr/May low with A wave being in progress now!
COINBASE:BTCUSD
by TheTradersRoom
Bitcoin 2024 (Scenario 1)Expect the unexpected this year. As you know, I flipped bearish in December. Check out the TA below. It's taken a while to rollover, but Bitcoin has failed to break the 0.75 Fib Fan. Just like in 2019, week after week, it closed right under it, and now it's finally making a move down. There are two scenarios that I put together that have probable outcomes. Scenario 1: This idea is basically as you see in the main chart above, a deep correction to 30k that comes down to the 0.618 Fan Fib. We have this diagonal macro support that has three macro cycle low hits. I hate diagonal supports; for me, they never hold up, but we will see with this one. If we go back in history and see how 2015 played out with Fib Fans, we see a similar pattern with the 0.75 Fib Fan, a rejection, and a move down to the 0.618. The bottom for this cycle low played out very closely to 2015. The cycle bottom of 2015 and 2022 were a mirror, mind-blowing really. So in 2015 after a rejection of the 0.75 Fib Fan, Bitcoin comes back to retest its base. Our base this cycle is 30k. So why have I marked the timeframes between April and July 2024? Well, there are two time Fib sequences I'm following, one on the LINK/BTC chart, and the other is a macro Bitcoin sequence I have been following for years. You can check it out below. Every time we come to a date, something big happens with Chainlink and Bitcoin. For me, if it continues playing out like 2015, a move to 30k this year is highly likely. Now, Scenario 2 is far more of a crazy outcome, but if I would put my money on it, Scenario 2 happens, not 1. Will publish Scenario 2 later on.
INDEX:BTCUSDLong
by Sporia
5
BTCUSD Bitcoin - Jan to Jan , what's next?! 22.1.24The common assumption is that Bitcoin is crazy and unpredictable. But if we look at the big picture - A technically perfect picture appears, predictable looking at roughly a year and a half of trading. Connecting the lowest and highest points creates an ascending (rising) tunnel with parallel lows and highs. The current floor of the long-term trend is around 32,000 per coin. The current roof of the long-term trend is around 50,000 per coin. A daily weekly candle close below 40,000 could mean 38,000 to 32,000 would be the next targets to come. A daily weekly candle close above 40,800 could mean immediate target would be back to 42,000 following with 44,000 and 48,000. ETF news provide turbulent movements which provide attractive entry points in the bigger picture view of up-trend since beginning of 2023. A weekly close below 32,000 would be the sign of the picture shifting, but until that happens bitcoin is overall expected to have a very bullish year.
BITSTAMP:BTCUSDLong
by Exactus
2
Bitcoin Structure updateThe price is still in Stage 1. Although internal consolidation looks bullish. Volumes are dried up when price pulls back and expansion when price moves up can be seen. The bullish spreads are also getting wider. Some traders will perceive the internal structure as inverted H&S, while some will see it as Cup and Handle pattern. Reminder - We still need a decisive breakout of the Stage 1 Range or neckline. The next major overhead supply turns out to be around $47,000.
BITSTAMP:BTCUSDLong
by nuevatraders
Bitcoin Breakout To 48k - $50k Golden Pocket TargetAs I've been saying for months, once Bitcoin broke and closed above $32k price would increase quickly. The Head & Shoulders pattern that was forming was also invalidated, so the new uptrending channel is intact and headed to the Fibonacci Golden Pocket range of FWB:48K -$50k potentially in 2023. We'll likely see profit taking pullback here. But then we're headed firmly higher going into the halving. I'll post another chart next showing my 'Likely, Probably, and Possible' targets for Bitcoin. I'm seeing some very interesting confluence with a macro bull-flag measured move that coincides very closely to the 3.618 Fibonacci target for the next bull run, around $212K. Also of note, our custom 'Radar' signal is showing Green for ALL long-term time frames (Daily, Weekly, Monthly, Quarterly). This is a clear signal to me that we're heading higher here now.
COINBASE:BTCUSDLong
by BrettFogle
Bitcoin Bullish Continuation to 50kCRYPTOCAP:BTC price has been consolidating at highs as we await the imminent ETF approval announcement. At this point a bullish pennant pattern has formed and the daily bollinger bands have tightened, signalling that we will soon see volatility that triggers a breakout. In terms of targets, the fib extension of the chart pattern says 47.3k to 49k. I am keeping in mind however that Bitcoin has never exceeded the 61.8% retracement of the previous drawdown pre-halving. Although the ETF approval announcement could make things different this time. If we exceed 50k, buckle up lads.
INDEX:BTCUSDLong
by HaydenOtto
ETH bull run This chart is a simple Elliot wave analysis of the cryptocurrency Ethereum. This chart is on the monthly timeframe using a line chart for a clearer picture. The starting point is an impulse leg with a small pullback with indicates impulse instead of correction. Price after completing 5 legs with an extended 3rd leg finally topped and retraced perfectly to the 0.786 Fibonacci level. The retracement was also a near perfect fib extension of first corrective wave down (not drawn). At the current moment price appears to have finished the correction with the final (Y) wave down and shown impulsive wave characteristics. I predict a bull run from here and suggest buying for a long term hold whenever the market has a pullback.
COINBASE:ETHUSDLong
by snipdapipz
$RPL is breaking out huge accumulation box$RPLis breaking out huge accumulation box in daily timeframe 👀 Expecting a Massive Bullish Wave 📈 Trading breakouts from huge accumulation zones involves identifying areas where significant buying or selling pressure has been building up, and then executing trades when the price breaks out of these zones. Here are some steps you can follow: 1. **Identify Accumulation Zones:** - Look for areas on the chart where the price has been consolidating or moving sideways for an extended period. This could be represented by a horizontal trading range or a pattern like a triangle or a rectangle. - Volume analysis is crucial. Accumulation zones often have higher than average trading volumes. Look for spikes in volume during the consolidation period. 2. **Draw Trendlines and Support/Resistance Levels:** - Draw trendlines connecting the highs and lows within the accumulation zone. - Identify key support and resistance levels that define the boundaries of the consolidation. 3. **Use Technical Indicators:** - Utilize technical indicators like Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or Bollinger Bands to confirm the potential breakout. - Look for divergence or convergence between price and these indicators, as it can signal a strong move. 4. **Wait for Confirmation:** - Be patient and wait for a clear breakout. This is when the price convincingly moves above or below the established support or resistance levels. - Consider using candlestick patterns to confirm the breakout, such as a strong bullish or bearish engulfing pattern. 5. **Confirm with Volume:** - Confirm the breakout with a surge in trading volume. A breakout accompanied by high volume suggests strong market participation and increases the likelihood of a sustained move. 6. **Risk Management:** - Set stop-loss orders to manage risk. Place them just below support levels for long trades and above resistance levels for short trades. - Determine your risk-reward ratio before entering the trade and make sure it aligns with your overall trading strategy. 7. **Monitor for False Breakouts:** - Be cautious of false breakouts. Sometimes, the price may briefly breach a support or resistance level but then reverse. Wait for confirmation, and don't be impulsive.
Long
by Crypto-Adda_Official