Pay no attention to the wavy line...Added this nonsense as filler- you know what to do though: we wait till the red resistance zones populate, so we can mentally throw out support zones that don't match the support/resistance channel.
What do you think: is this the channel that holds till Jan 1st 2025?
Because if it is, then we're darn close to >100k in the new year, and possibly reaching MAJOR correction by the inauguration.
Bitcoinpump
Is bitcoin priming for 6 digit prices? This bullrun came out of nowhere and also did not give us the deep correction that we've come to expect from the previous bull/bear cycles. In fact, bitcoin managed to correct and accumulate inside the indicated range for an extended period, which is quite a feat considering the price per unit. This brings me to the conclusion that the correction is possibly over and bitcoin is ready to test ATH again. Also since the previous bear cycle was extended for a longer period (than what we know from history), it doesn't make sense to start another bear cycle right now. This reduces the probability for lower prices. What's even more strange and adds weight to the theory is that, it looks like (based on certain indicators) the next bull run has already begun!!
BUT!!
Bitcoin's strange MO is to always paint a green future ahead, just before dumping real hard. So take this one with a grain of salt.
Confirmation to look for:
The weekend is bullish and closes as indicated on the chart.
Trade will activate on confirmation!
Disclaimer: These are not trading signals. Trade at your own risk!
GBP/USD "Cable" Bank Money Heist Plan on Bullish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist GBP/USD "Cable" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 30m timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
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BTCUSD Come on Baby, You are Ready to Bullrun1. Current Price Action
Price is trading at around $64,719, approaching the previous all-time high of $67,752.
There appears to be a breakout from a downward wedge pattern, indicating a potential continuation of the uptrend.
The price target projected from this wedge is aiming towards higher levels.
3. Future Price Targets
1.272 Fibonacci extension is marked at $100,214, which seems to be the next major target on the upside if the price breaks above the previous all-time high ($67,752).
The chart suggests that there’s a good probability of Bitcoin rallying towards this level if bullish momentum continues.
4. Trend Analysis
The breakout from the wedge is significant, as wedge patterns often signal the end of a corrective phase. The breakout suggests that the market could resume its bullish trend after the consolidation.
If Bitcoin sustains its price above $67,752, it would likely confirm a new bull run, with Fibonacci extensions providing potential targets for the next leg up.
5. Support Levels
On the downside, the first major support is around the 0.786 Fibonacci retracement at $49,793.
Below that, significant supports include $39,099 (0.618 Fibonacci level) and $32,992 (0.5 level).
Remember! Remember! The 5th of November!Thursday... the 5th of November 2020... CRYPTOCAP:BTC pumped nearly 7% in one day.
We were 30ish days into the parabolic phase of the 3rd bull cycle for #Bitcoin.
It was trading at $14,911.
The holders had no idea that CRYPTOCAP:BTC would continue to climb an additional 335% over another 5 months, reaching a local ATH of $64,895 on April 14th 2021.
Here we are on September 6th, 2024. CRYPTOCAP:BTC dropped to $52,546 or (-3.8%) for the day.
Septembers are a sore subject when it comes to financial markets and Bitcoin in particular.
Across the Post-Halving years, CRYPTOCAP:BTC will drop -2% historically.
Considering CRYPTOCAP:BTC has tested local lows across the 5th and 6th of the last 3 months;
July 5-6th low: $53,499
August 5-6th low: $49,050
September 5-6th low: $52,546 (so far)
It is almost like someone is trolling the Holders...
The focus of this chart is to consider the above and the following.
Have we found our local bottom this early in September? ($52,546)
How will Bitcoin react to the upcoming 25 bps Fed Rate cut? ($50,000 vs $60,000)
Will our price position entering the parabolic phase affect the overall gains over the next 6 months? (90% vs 480%)
Where will our new ATH fall next April/May? ($100,000 vs $305,000)
Let me know how bearish or bullish you think the future of Bitcoin is.
BTC/USD "Bitcoin" Bullish Robbery plan to steal the moneyHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist BCH/USD "BITCOIN CASH" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Bitcoin break out to a new ATH 78k - 81k ?Here is a huge bull flag breaking out as I write this on the 4hr chart. This can easily be a fake out but with the strength that BTC has shown, I can't underestimate it. Still with halving right around the corner, and BTC already being in extreme overbought zones, a -30% pull back can happen at any moment. 👍
Bitcoin: One Person's Fear is Another Person's GreedFirst off, what the f*ck?
I believe Bitcoin should correct back to at least the 50% Fib Level -- if not the 38.2% -- so that we can see a healthy rally upwards. Years of trading crypto has taught me that every rally has a near equal correction. But emotions and bias will be the death of your portfolio so here's my unbiased analysis of the world's greatest cryptocurrency:
- Bitcoin is forming an ascending triangle on multiple charts which is a bullish sentiment on its own.
- On-Balance Volume (OBV) shows a steady increase in buying pressure since the start of the recent rally. Layman's terms: buying pressure is outcompeting selling pressure.
- Money Flow Index (MFI) has an inverse slope that favors oversold and is currently relaxing in neutral territory safely away from overbought.
These three indicators lead me to believe that Bitcoin may experience another breakout in the coming weeks and, potentially, without a dip back to $30.5K as I previously forecasted. At risk of stating the obvious, news can shake the markets enough to reverse any trajectory but yesterday's Binance update hardly rattled Bitcoin like it did for altcoins.
It's my personal opinion that the Bitcoin ETF decision is the closest catalyst in determining the next major rally or drop. However, we can't forget about the highly anticipated Bitcoin halving which is expected around April 2024. If the ETF does get rejected, this may provide a very lucrative buying opportunity.
COINBASE:BTCUSD
Bitcoin Fake-out! Failed Breakout Lead to Strong Bull Response!Bitcoin attempted to break out to the downside and escape the bull channel only to be met with a fierce rejection and rip back to $38,000. There is a slight pause at this critical price with some upside left to the top of the channel but also a good amount of downside to the 200EMA.
How do we trade this?
After a strong bull response like that and continuing in the bull channel, shorting is risky. If you took my last BTC 4HR idea and shorted it to the bottom of the bull channel for a 1:1 Risk/Reward, then you should already be out of that trade. Now we wait for a sell signal showing us a rejection, or you could scalp with a small position to the top of the bull channel. A long scalp would require a stop placed below the rejection low of around $34,500, leaving you with a 3:1 Risk/Reward.
Key Points
1. Failed Breakout to the Downside of the Bull Channel
2. Strong Bull Response back into the Bull Channel
3. Potential Double-Top at $38,000, wait for more price action
4. Either wait for a Sell Signal or Long Scalp with a small position
5. RSI near 70, Small positions longing
I would wait for some more price action before entering a trade. Wait for a strong sell signal bar closing near its low or scalp a pullback to the top of the channel.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
We'll See What Happens Next! [Short-Term Forecast]In this video we discuss the Bitcoin forecast as we finish out the rest of the year (Crypto Spring). We are keeping an eye on the triangular area between the Maximum Halving High Pressure Zone and the Future Halving Price Line and the potential that bitcoin could meet significant downwards pressure in this area. Also, we're looking at the 365 Day Moving Average, as it continues to trend below the Future Halving Curve (The Jet Stream). Historically, If we finish out Crypto Spring with the 365 Day MA below the Jet Stream, the Bitcoin price would trade mostly below the Jet Stream up until the halving date. What are your thoughts? Thanks for watching!
BITCOIN $26850 RESISTANCE: What's the Next Move, Fellow Traders?Hey there, crypto enthusiasts! I've got some exciting updates on Bitcoin's recent price action that I just couldn't wait to share. So, after that bounce from the $24,925 level, things got pretty interesting.
First of all, we witnessed a big spike in the price. You know, one of those moments that really get your heart racing! 💥 And if that wasn't enough to make you smile, there's more good news. We got ourselves a solid buy signal, which is like music to any trader's ears.
But wait, there's more! 🐂 The charts are showing some seriously bullish signals. It's like the crypto stars are aligning. Plus, we had a close above the EMA 50, which is often a sign of strong bullish momentum. 📈
Now, what's on the horizon? Well, it looks like a retest of the EMA 50 might be in the cards. It's a crucial level that often acts as both support and resistance. So, keep a close eye on that!
The big question now is, what's the next move for Bitcoin? Are we going to smash through that $26,850 resistance level and keep soaring to new heights? Or will we encounter some turbulence along the way?
I'd love to hear your thoughts and predictions! Let's have a friendly crypto chat and see where we think Bitcoin is headed next. 🚀💰
BTC UAV Spotted !!!While most traders and investors of the digital currency market decided to sell due to the possible decline in the future, there are signs of the end of the decline, which may change the structure of the market from bearish to bullish, and most likely after the speech. Pavel or sooner to see growth.
While on September 2, the news of the approval of ETF funds by the SEC will be published, and the debate of the US presidential candidates, which includes 5 Bitcoin fans, including DeSantis and Kennedy Jr., can be seen as signs of an increase leading to a structural change. The current market predicts an upward trend.
While the price is fluctuating upwards in the $26,000 range, it is hoped that Bitcoin will be able to push itself above the $27,200 area by the close of the weekly candle in 4 days and the monthly candle in 9 days, so that we can witness its growth to be higher points.
Btc At Pivotal Level ,Dub The Area The Most Important Trend LineBtc At Pivotal Level, Dub The Area The Most Important Trend Line
With CPi ahead and projected to Increase, will Bitcoin keep its correlation with the NASDAQ and continue to act as a high-yield beta stock?
Eventually, Bitcoin could diverge from tech stocks and compete with gold or possibly even the dollar in the event of a major flight to safety.
First, we have a very probable move lower bar we don't decouple from the tech correlation as the market potentially prices in a Higher for longer from the fed
Cpi over 3.4 will be bad for all risk assets and push the dollar high which should be bad for high-yield things like btc
Technically, we're seeing divergences In multiple oscillating indicators plus approach long-term trend line
Let's see what happens, Up this post if you utilize this Idea
Happy Trading!
bitcoin long setup bitcoin best long from value are low . poc
u can target up to value are high .
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
BTC Bitcoin potential rally with the Stock MarketCryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
BTC /USDT prediction
Entry Range: $30500 - 31000
Price Target 1: $32400
Price Target 2: $3500
Price Target 3: $38400
Stop Loss: $28600
Possible EW Scenarios for BitcoinAfter the big run of BTC there are 2 possibl scenarios in EW.
1. This is the continuation of the Bullrun and we made a wave5. For this, wave 5 should have reached 30 800. IT just reached 30 650 which could still count. If it continues to 33000 and up, this is for sure the bull run. If it doesn't it should correct in a wave 2 (ABC) down to 28 500 which offers a good entry point to participate in the bull run.
2. The last impulsiv wave up could also be a correction B wave which would be followed by a big correction wave C. The targets are on the drawing. This scenario is confirmed by the cycle analysis so I have reason to tend more to this scenario at the moment.
As I alwys say, Bitcoin is perfect for a surprise :)
Trade safe folks, trade happy :)