Bitcon
BITCOIN 1HR ANALYSIS 🚨 BITCOIN 1-Hour Analysis 🚨
Here’s what we’re watching:
📈 Upside Targets:
• TP1:105800
• TP2: 107700
📉 Downside Targets:
• TP1: 102900
• TP2: 104400
So we have to watch out for $104300- $104800level. If BTC stays below then you can target downside targets and if above then you can target above levels mentioned as TP(take profit)
Keep an eye on key levels and trade smart! 💹
What’s your take? Drop a comment below and share this with your trading crew! 🚀
Bitcoin - Weekly Forecast - Technical Analysis & Trading IdeasMidterm forecast:
73777.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
A trough is formed in daily chart at 88963.75 on 01/13/2025, so more gains to resistance(s) 102643.85, 108293.92, 110000.00 and more heights is expected.
Take Profits:
99607.07
102643.85
108293.92
110000.00
115000.00
118110.67
120000.00
125000.00
130000.00
134142.91
Total Profit: 5567500 point (55%)
Closed trade(s): 506200 point Profit
Open trade(s): 5061300 point Profit
Trade Setup:
We opened 11 BUY trades @ 94545.07 based on 'Hammer' entry method at 2025-01-13.
Closed Profit:
TP1 @ 99607.07 touched at 2025-01-15 with 506200 point Profit. (5%)
Open Profit:
Profit for one BUY trade is 99606.37(current price) - 94545.07(open price) = 506130 point (5%)
10 trade(s) still open, therefore total profit for open trade(s) is 506130 (5%) x 10 = 5061300 point (50%)
Bitcoin's bull run is out of breath - a dive might be nextHey traders,
1) BTC been ranging Between $90,000 to $108,000 range from last 51 days almost.
2) BTC Might break $90,000 strong support which is most likely to happen before 20 January.
3) BTC can be seen around $80,000 to $70,000 range in coming days.
Please share your ideas too. Let me know what y'all think.
Conditions for Continued Heavy Decline in BitcoinFollowing the realization of the previous analysis (attached to this report) , Bitcoin is currently forming a neutral pattern of an expanding type on the 4-hour time frame.
If this scenario is in the process of completion, the final wave movement should not break the $89,925-$88,300 level. As long as this level is not breached, a price rebound and support are expected, with minimum targets of $99,000 and $101,000.
Crypto Bull Market is Over!!!I'm a big Crypto fan and investor and this is my 3rd Crypto Bull run.
We all enjoy the excitement of the 3-5 and 10x that these Bull markets bring us; however, we can never tell when the Institutions will pull the rug under us retail investors.
Even though that I want this Bull Market to continue, we have to be realistic and look for clues to be able to come out with profits.
If you look closely at these 3 charts and see how their tops all came pretty much at the same time, we have to speculate very hard that the Top is In.
There is enough evidence that tells me that a Market Top is In on all 4 charts.
First off, Homebuilders Trust on the Left showed a top in 2021, where it was the exact time that SP500 top as well as Bitcoin.
Tops come when noone is expecting and all channels and influencers I read and watch are saying that we will have another run in Jan-Feb-Mar 2025 and some are saying this Bull market will last until Nov 2025.
I really "hope" that this happens, but 'hope' is not a word to be used in trading. There is no Hope in trading. There is facts and one must try to find these little clues and make their best investment decisions.
If the Top is In, how do we prepare? The way I'm seeing this that there is a lot of invested money out there yet so probably Jan 20 during Presidential inauguration, we should see another run up and excitement and news bringing everyone super excited to Crypto so Institutions can unload their bags. Then we should see sideways to downtrend begins.
I will certainly start selling my bags and only leave 25% of my investments in case I'm wrong.
In times like this, it is better to come out with some profits than no profit at all.
What other evidences am I seeing? Homebuilders had a Head and Shoulders formation at the top on 2021, Sp500 had a triple top, BTC had a triple top.
What do we see now in Dec 2024?
BTC shows a Bearish engulfing in the Weekly Chart and in the Monthly it shows a Topping Tail or reversal Pin Bar.
The SP500 shows a Head and Shoulders in the daily chart, (even though Nvidia is having a monster move as I write this today), Nvidia also has a Head and Shoulders in the daily chart.
Google also has a Double Top in the Weekly time frame the same it had in Nov 2021 when Google top was in.
All in All, we have to take all these facts in consideration and prepare ourselves.
I hope you found this informative and helpful.
Leave your comments below and let me know if you think that the Top Is In or not.
Happy Trading.
Near Term Bitcoin LTF Weakness to Establish HTF TR BottomThe New Year is looking bright for Bitcoin with the most recent report from Franklin Templeton predicting “nations to adopt strategic Bitcoin reserves in 2025.” It should be interesting to see how sustainable it will be for Bitcoin to be a practical method to both store and transfer value, given its TPS limitation as more Nations and Institutions become larger players on the chain. I believe this presents an incredible opportunity for quality POW governance tokens to shine and become a very real complementary alternative.
But I digress – what’s up with Big Daddy Bitcoin and the No Santa Rally?
On the LTF (1D) Point and Figure, the formation is currently printing a distribution pattern, forming a Last Point of Supply (LPSY) at a local high of $96,000 to retest the prior local high at $95,400 Bitcoin established after moving into Phase D Distribution of the distribution cycle. True to form in Phase D of a Distribution Cycle, the formation printed the preliminary sign of weakness, dropping to the $91,400 handle before the retest.
The characteristic of Phase D Distribution is a Major Sign of Weakness occurs at the end of Phase D which “Breaks the Ice” of the lower level of support (in this case $90,800). The horizontal price count suggests a potential near-term fall from the current level to the $$86,600 region from a Major Sign of Weakness (MSOW), before a relief rally to “Return to Ice” and subsequent Preliminary Support (PS) and Selling Climax (SC) are established.
The positive take should be on the Higher Time Frame (HTF), this PA is all about establishing the bottom of the new Trade Range, which has recently established the $108,300 handle at the upper limit of this Trade Range. Consolidation within this range should happen for a bit to establish both future direction and build cause within the formation to build potential (much like coiling a spring) for the next move.
Always remember this is not trading advice.
Outside of that, Happy Trading.
BTC 2025 I have plotted the yearly OHL. White line shows year open.
If you think BTC is bullish then you buy the year open and hold till EOY or hodl till your heart desires.
Alternatively you could gamble and wait for a dip below year open and buy then. Or perhaps you can wait till there's a dip below year open and then wait for a reclaim back on top of the year open level to start bidding.
Regardless I see a strong bull trend:
12 years of buy year open and hold till EOY = positive return
3 years of buy on year open and hold till EOY = negative return
2015 is an outlier but despite the heavy drawdown the year end gave a positive return.
The probabilities are very skewed and its pretty crazy how complicated we make the LTF analysis and forecasts where the simplest of strategies garners significant gains.
The years following a halving year (2013, 2017, 2021) all have a 100% hit rate of buy year open and hold till EOY. Those years offered a very positive return and marked the top of the "cycle" being followed by a down year.
My personal opinion is you either buy now or buy higher later. We might look back in a few years and lament on how we had so much time to buy sub 100k.
Alts see a similar pattern. The beginning of the year is crucial in determining what lies ahead.
BITO's Elliot Waves on 1DTwo resistance nodes were found on $28.44 and $33.67 on the daily TF.
Based on the MCB indicator, there is no sign of bearish divergence on both lower and higher TF.
Daily RSI is at the overbought area, and two nodes on the VWAP show two possible prices at (0.618/0.768).
Hoping for a healthy pull-back to $21.5 to pick up more shares.
No plan to shrink my holding until the $40+ area.
I think it will take us at least 6 months to reach the $40 area, and on MCB, I will expect to see both MF/VWAP trending out with a ton of bearish divergences.
Bitcoin local top is in. Roadmap to ATH below.Price action looking similar in structure to previous local too. We may see some major volatility but I think we don’t see another ATH until Aug 2025z Happy to be wrong but the idea if accurate would be a bearish retest of 89/90k, then a bullish retest of 104/105k (Trump inaug rally) then a slow consolidation down to 80k before an impulse into an ATH rally next fall.
My ideas change as quick as the market!
Good luck out there.
Bitcoin Btc usdt Daily analysis
Time frame daily
Risk rewards ratio >1.6 👈 for buyers
Risk rewards ratio >1.7 👈 for sellers
Technical analysis 👇👇👇
↘️↘️📶📉
An broadening triangle pattern has formed on the daily timeframe and there is a possibility that we will face a decline if the price breaks below the pattern’s bottom. However, we have several strong support areas at $88-$95 that can prevent the market from returning to a bear market. If the sellers get stronger and this support area cannot withstand the pressure from the sellers, Bitcoin will fall to the $77 range.
👉👉📈↗️↗️
On the other hand, if Bitcoin moves up, our first target will be the upper edge of the triangle and the price of $110.
At that time, we need to see if the buyers' power is greater than the sellers'?
If it is, the yellow box, which is the intersection of the long-term uptrend and the price exit area from the triangle, will be our next target, the range between $114 and $118. 🎯🎯🎯
btcLook, it's not supposed to happen like this, but because we had a movement mindset, we shared it with each other
So don't take any positions on this chart
Where the arrow is, we need to see if the orange plan is going to be implemented or if it's going to be all purple and... okay
There's just a mindset
Bitcoin Breakout: Pullback and Bullish Continuation ExpectedBitcoin has recently broken above its previous trendline of highs, signaling a potential bullish momentum. The price is expected to pull back to retest the trendline as support, around the 92,000 level, before continuing its upward trajectory.
If the pullback holds above this support, it could act as a confirmation of the breakout, with a potential target set around the 200,000 level. This aligns with classical technical analysis principles, where a successful retest of a broken trendline often leads to significant upward movement.
Key Levels to Watch:
Trendline Support: ~92,000
Target Level: ~200,000
GOLD → Consolidation. Which way will the momentum go?
XAUUSD in consolidation phase. The market is nervous because of misunderstanding of further actions in anticipation of news. What to expect and what can happen?
The US labor market is stronger than expected, but the dollar remained cold amid expectations of more important news. At the moment, there is a 75% chance of a 0.25% interest rate cut. But, the dollar is still in demand due to the unstable geopolitical background. At the moment gold depends on the US employment data, ADP and Powell's speech
Bad employment data may increase the probability of further Fed rate cuts in 2025. And vice versa. But, this background is unlikely to create a medium-term potential for gold..... Also, in the perspective of NFP...
Technically, gold is in consolidation and the price exit from the flag boundaries may be accompanied by a strong impulse. The probability of a further fall is a little higher...
Resistance levels: 2651, 2660
Support levels: 2636, 2618
Gold continues to test the support 2636, which only increases the probability of a breakdown and further fall. But on the background of the news, the price may test the resistance before a further fall