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Bitcoin (BTC/USDT) - End of 2024 - Daily Price ConsolidationBitcoin (BTC/USDT) price is currently in a short-term downtrend and consolidation pattern (end of December 2024). Bitcoin price needs to hold above $92,000 to $90,000 to avoid a daily bearish head-and-shoulders resistance price pattern. Support Levels to the downside currently are: $92000, $90000, $87610, $85000, $81000, $76000. Resistance levels to the upside currently are: $96500, $100000, $105000, $108000, $110000, $120000. Daily and Weekly price consolidation is ongoing, and Bitcoin is seeking to establish the next higher-low support price. Note: breaking news, corporate news, government law changes, stock market correlations, and crypto events can affect and override technical chart patterns. Date: 12/30/2024 pm
by NoFomoCharts
BTC/USDT 1H chart reviewHello everyone, let's look at the 1H BTC to USDT chart, in this situation we can see how the price is moving in the local downward trend channel in which we very quickly saw a return to the lower border of the channel. Let's start, however, by defining the goals for the near future that the price must face: T1 = $93,246 T2 = $94,045 T3 = $94639 T4 = $95,413 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $92462 SL2 = $91,530 SL3 = $90,550 Looking at the RSI indicator, we see how we entered the downtrend again after dynamically exceeding the upper limit of the range.
by cryptodailyuk
About BTC Analysis and Averaging Down... Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (USDT 1D chart) I think USDT provides funds that support the coin market. Therefore, it has a big impact on the coin market. If this USDT gap continues to decline, I think the coin market is likely to turn into a downtrend. I think the gap decline of USDT or USDC is a sign that funds are flowing out of the coin market. (USDC 1D chart) I think that the current continuous inflow of funds into USDC is preventing the coin market from turning into a downtrend. However, I think that the impact of USDC on the coin market will be short-term because it has a lower impact than USDT. USDC cannot form a USDC market on exchanges around the world, so it cannot help but have a lower impact than USDT. Therefore, when USDT maintains a gap downtrend, if USDC also shows a gap downtrend, the coin market is expected to show a large decline. ---------------------------------------- (BTCUSDT 1W chart) As a new candle is created, the HA-High indicator on the 1W chart will be created at the 94742.35 point. Accordingly, the support around 94742.35 is an important issue. If it falls without support, 1st: 87.8K-89K 2nd: 79.9K-80K You should check the support around the 1st and 2nd above. However, since the M-Signal indicator on the 1W chart is rising around 83.6K, it is important to check whether there is support when the M-Signal indicator on the 1W chart is touched. - (1D chart) After passing the volatility period around December 27, it eventually reached the lower part of the sideways section. Therefore, even if it continues to fall further, the key is whether it can touch the 92K-93.5K area and rise above 94742.35. The next volatility period is expected to be around January 10, 2025. ------------------------------------------- When the average purchase price falls below the average purchase price, it is best to cut your loss at the cut-off point. However, from a mid- to long-term investment perspective, there are cases where you cannot cut your loss unconditionally just because the price falls, and you may have missed the time to respond. In this case, you should eventually purchase more to lower the average purchase price and sell when it rebounds. This is called averaging down. The basic principle of averaging down is that you must purchase more than the current purchase principal. (Usually in the stock market, you purchase more than the number of shares you currently own.) Since decimal trading is possible in the coin market, there is an advantage of being able to purchase the purchase principal amount rather than the number of coins (tokens) you own. In that case, the average purchase price will fall more than you think. Therefore, in the coin market, having cash is very important. If you have spare funds (cash), you can cut losses between 50% and 100% of the purchase principal when the price falls below the cut-off point, or you can respond without cutting losses at all. If you do not have spare funds (cash), you should cut losses near the cut-off point. At this time, it is important to secure cash by selling more than 50% of the purchase principal. - If you can manage your investment ratio as explained above, the next important thing is when to make additional purchases. If you bought when the price fell by -10% as I mentioned in the previous "Example of how to trade without being able to analyze charts" idea, then when the price falls by -10% again, it is the time to make additional purchases. Instead, you should purchase additional stocks that you bought according to your own standards when the price rebounds, lower the average purchase price, and then sell them when the price rebounds. In other words, the additional funds purchased must be sold when the price rebounds. Otherwise, when it falls below the average purchase price again, the funds for the next additional purchase will increase significantly, so you will end up giving up without doing anything. The important thing here is to know how much the original purchase principal was before you start averaging down. The reason is that when you purchase additionally and then rebound and sell the amount of the additional funds purchased, the number of coins (tokens) remaining may change. If you purchase additionally and the price rebounds, but it does not rise above the average purchase price and shows signs of falling, it is considered a loss from the overall trading perspective. However, since you sell the amount of the additional purchase when the price rebounds, it is likely to be a profit when looking at the average purchase price of the additional purchase. In other words, the coins (tokens) for that profit will remain. Therefore, if you do not know the original purchase principal, you may end up investing excessive funds the next time you purchase additional funds. Excessive investment of funds can eventually be applied due to psychological anxiety and pressure, which can cause you to make inappropriate transactions. I will publish how to select the timing of additional purchases when I have the next opportunity. However, you should select it by looking at the movements of the StochRSI, BW, DOM auxiliary indicators added to this chart and the M-Signal indicators on the 1D, 1W, and 1M charts. At this time, if there are support and resistance points drawn on the 1M, 1W, and 1D charts, you can trade based on whether there is support or not. Since the MS-Signal indicator on this chart is the standard for trend reversal, you can use it. However, it is recommended to proceed with additional purchases based on the 1D chart. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
1
Ethena Price Shows Bullish Momentum After Breaking ResistanceThe cryptocurrency market has its eyes on Ethena (ENA) as the token broke out above the critical $1 resistance level, signaling a bullish trend. We are predicting gains of up to 35%. Breakout Above $1 Signals Bullish Sentiment Ethena’s price has established a bullish trajectory after breaking through the crucial $1 resistance level. This breakout marks the end of a prolonged downtrend, during which the price bottomed out and began forming higher lows. Strong buying pressure accompanied the move, evident from large green candlesticks on the chart. The $1 level, previously a significant resistance, has now transitioned into a robust support zone. We observe that the $0.97-$1.00 range is crucial for maintaining upward momentum. Holding above this level will be essential for MIL:ENA to sustain its bullish outlook. Technical Outlook As of this writing, MIL:ENA is up 5.68%, trading within a bullish horizon. The altcoin’s Relative Strength Index (RSI) sits at 54, indicating there is ample room for further upward movement. MIL:ENA has broken out of a presumed falling trend channel, reinforcing its bullish momentum. The 1-month high of $1.32 serves as the next significant resistance point. If MIL:ENA can breach this level, it could pave the way for even greater gains. However, caution is warranted due to the broader market’s volatility, particularly Bitcoin’s recent price swings. Should CRYPTOCAP:BTC dip to $90,000 or the psychological $85,000 level, it could exert downward pressure on MIL:ENA , potentially causing a retreat to its 1-month low of $0.76. Conclusion Ethena’s breakout above $1 marks a pivotal moment for the token, signaling the potential for significant gains. With strong technical indicators and bullish market sentiment, MIL:ENA appears poised for a rally. However, traders should remain vigilant, considering the broader market’s influence on altcoin performance. As MIL:ENA continues to hold above $1, the coming days could bring substantial price action and opportunities for investors.
Long
by DEXWireNews
Bitcoin Retested A Major Support To The Dollar!Greetings Traders, I hope you all had a Merry Christmas and are bracing yourself for a massively bullish new year full of health and wealth along the way. Today, we have seen Bitcoin retest our major support (previously resistance). Remember, this trendline was drawn from the wick high of April 2021 to the wick high of November 2021. I then extended this line infinitely to the right. This gave me my end of year target for 2024 a year and a half in advance. It has proven to be significant in the previous weeks as we bumped our heads up against it as resistance. Now, it has proven to be support. Should we break to the downside of this trendline, the drop would be pretty big and I would re-analyze and update at that point. For now, our trendline is holding price above 92k and we have bounced nicely. You all should have this line drawn on your Bitcoin chart. I don't care what any other analyst states (I really don't know any others that have spotted this TL), this line is critical! Watch it closely. ✌️ Stew
INDEX:BTCUSDLong
by stewdamus
1
MicroStrategy Buys the Dip Amidst $BTC Crash to $92KThe cryptocurrency market witnessed another headline-grabbing move by MicroStrategy as the firm added 2,138 BTC to its holdings for $209 million. While Bitcoin’s price experiences a significant dip, this acquisition reflects a continued belief in its long-term potential. Let’s dive into the technical and fundamental aspects of Bitcoin’s current state. MicroStrategy’s Strategic Buy On Monday, MicroStrategy announced its latest Bitcoin purchase, acquiring 2,138 BTC at an average price of $97,837. This marks yet another chapter in the company’s aggressive Bitcoin accumulation strategy. However, critics like Peter Schiff were quick to note that these purchases are involving less capital, and the acquisition price consistently overshoots the market rate. Despite such criticism, MicroStrategy’s move underscores institutional confidence in Bitcoin’s long-term trajectory. The company’s continued investment is seen as a vote of confidence amidst bearish market sentiment, reinforcing Bitcoin’s role as a digital store of value. Technical Analysis Bitcoin’s price action is currently confined within a horizontal channel, with support at $92,200–$94,200 and resistance at $98,700–$101,000. As of now, CRYPTOCAP:BTC is testing the lower boundary of this channel. A decisive move in either direction could dictate the asset’s next major trend. Bullish Scenario Should buyers step in with strength, Bitcoin could rebound and retest the $98,700–$101,000 resistance zone. A breakout above this level may act as a catalyst for further gains, potentially marking the start of a sustained uptrend. Historically, Bitcoin has shown a tendency to gain momentum after the New Year’s pause, making January 8, 2024, a key date to watch for heightened volatility and potential upside movement. Bearish Scenario Conversely, a breakdown below the $92,200 support could trigger a retest of the $90,800 level. A more severe downturn might lead to Bitcoin revisiting its major support at $85,000. This psychological level will play a pivotal role in determining whether BTC can stage a trend reversal or face further downside as sellers shake out weak hands. Market Sentiment and Outlook The broader market sentiment remains cautious as Bitcoin’s price consolidates within its current range. MicroStrategy’s recent purchase has injected some optimism, but the market awaits stronger signals of a directional move. Traders are closely monitoring the $101,000 resistance level, which could act as a springboard for greater gains if breached. Conclusion Bitcoin’s price is at a critical juncture, with key support and resistance levels in focus. MicroStrategy’s continued investment highlights institutional confidence, while technical indicators suggest potential for both recovery and further downside. As the market navigates this pivotal phase, all eyes are on Bitcoin’s next move, which could shape its trajectory for the months ahead.
BINANCE:BTCUSDLong
by DEXWireNews
1
Bitcoin Massive Pullback or Breakout? Stay AheadAs we mentioned in our last post that Bitcoin is trading in ascending channel.After a breakdown from the channel BTC finds the support between at $92,600.82 to $91.500.93 zone in Green. Now, we are observing two possible scenarios: Bearish Scenario: BTC is currently testing its resistance at $99,267.19 and has been rejected multiple times, if the price of Bitcoin fails to break this resistance level we might see a pullback to its support zone Green, and if this zone fails to hold the price we could see some more drop in the price to next support zone at $86,125.66 to $85,159.31 in Blue. A strong bounce in this region could potentially set the stage for Bitcoin to make a new all-time high. Bullish Scenario: If the price of Bitcoin flips the resistance at $99,267.19 and the lower boundary of the ascending channel we could see the price reach the middle line of the channel. Overall we are bullish until 1st and 2nd quarter of 2025. Don't panic, these dips are good for filling your bags. If we see a correction in the price that we are expecting this is a blessing to us to fill our bags. This market loves to shake out the weak hands before making its real move. A pullback here might just be the perfect opportunity to position yourself smartly. But remember: discipline is key. Don’t rush—wait for confirmations at key levels. Stay sharp and patient. This market isn’t for the faint-hearted, but the potential rewards for disciplined traders can be life-changing. Let’s crush it!
by TheCryptoCity
1
History Repeats? BTC Explosive 2025 ForecastSome people think #Bitcoin has already hit its highest point, but history shows that might not be the case. In previous cycles, Bitcoin tends to go parabolic and hit a peak a few months after breaking its previous all-time high (ATH). For example, in 2013, it peaked 273 days after breaking its ATH, in 2017 it took 233 days, and in 2021 it took 328 days. This pattern suggests that Bitcoin’s peak happened well after the ATH breakout. Looking ahead to the 2025 cycle, if Bitcoin follows a similar pattern, we could expect a peak between June 2025 (233 days after a breakout) and October 2025 (328 days after). While no one can predict the exact timeline, these historical trends provide a rough estimate of when Bitcoin might reach its next major peak.
by TheCryptoCity
1
ALGD, cup and handle could see this coin soarI prefer to keep things simple when conducting analysis. I sift through a number of indicators until I find my favourite few that when used together often 'jive' creating a harmony and increased confidence in an up, or downward trajectory. This time, the most standout items is the Cup and Handle, a labelled in the diagram. Drawing a line that is equal to the height of the cup to the neckline and repositioning it to the neckline and up, we could see significant all time new highs here. The pattern is robust and holds up well. Other coins have seen similar patterns such as BTC, so it would make sense also here. Good luck, follow for more.
Long
by cryptechcapital
Here’s a summary of the EUR/USD chart: **Trend Analysis**: Here’s a summary of the EUR/USD chart: 1. **Trend Analysis**: - The chart shows an upward channel with clear support and resistance lines. - The price is currently trading near the middle of the channel, suggesting a potential continuation of the bullish momentum. 2. **Moving Averages**: - Several moving averages (20, 50, 100, 200 EMA) are displayed. - The shorter-term EMAs (20 and 50) are starting to slope upwards, aligning with the bullish trend. - The price has broken above the cluster of EMAs, which can indicate bullish strength. 3. **Projection**: - The purple arrow suggests a scenario where the price may continue rising toward the upper channel boundary. - A potential pullback to the support line of the channel is anticipated before another upward push. 4. **Key Levels**: - Resistance: The top boundary of the channel near 1.0500-1.0540. - Support: The lower boundary of the channel near 1.0380-1.0400. 5. **Possible Trade Setup**: - A buy opportunity could arise if the price retraces to the lower boundary or EMA cluster before resuming the upward movement. - Targets could be set near the upper channel resistance (1.0500+). - A break below the channel would invalidate this bullish scenario.
Long
by TRADE_CENTER_1
30/12/24 Weekly outlookLast weeks high: $99,988.07 Last weeks low: $92,529.54 Midpoint: $96,258.81 As the year comes to an end, we have a split week with new years day landing on Wednesday. The yearly candle starts @ $42,300, blasted past the previous ATH @ $69,000 and is now $90,000-100,000 a huge climb in the second straight green year for Bitcoin, all eyes on the yearly close! Historically the yearly close can be fairly uneventful as some portfolio rebalancing & tax implications are taken into account in some countries around the world, so for BTC to close around the current price would be very positive. Going into 2025, history suggests that the 3rd year of a Bullrun is the final year and so part of planning for 2025 will include some sort of exit strategy. Now I do believe that crypto is here to stay long term and this year has proven that with mainstream ETFs, government acceptance and in some case embrace, also businesses adding BTC to their balance sheet and more and companies accepting crypto as payment. All extremely positive for the space cementing cryptos mass adoption. For this week if we do see any move of note I believe it will be later in the week once the bigger players return to work, but I'm also conscious of January 20th when the presidential inauguration takes place. After that date there really shouldn't be too much holding back the continuation of the Bullrun.
by ProR35
Bitcoin can exit from pennant and then start to grow to 103KHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price started to trades inside the pennant, where it rebounded from the support line and rose almost to the support level, which coincided with the buyer zone. In the pennant pattern, BTC started to grow inside the upward channel, where it broke the 92600 level and then rose to the channel's resistance line, after which made a correction. Next, the price continued to grow and later rose to the resistance level, which coincided with the seller zone and then made a correction movement to the buyer zone. After this, the price continued to move up inside the channel, where it soon reached the 103000 resistance level and broke it. Next, BTC reached the channel's resistance line, which coincided with the resistance line of the pennant, and made a strong impulse down to the support line of the pennant, exiting from the channel and breaking the resistance level. After this movement, the price turned around and started to grow near the support line of the pennant and now I think that BTC can exit from the pennant and fall to the support level. Then it will turn around and start to grow to a 103000 resistance level, which is my TP. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
Gold buy zone CAPITALCOM:GOLD Buying Zone: 2610** - **Rationale:** The 2610 zone represents a strong **support area**, where you anticipate buyer interest will outweigh selling pressure, leading to a potential price reversal or bounce. - **Confirmation Signals:** - Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) or significant buying volume around 2610 on the **1-hour chart**. - Ensure that price respects this level without breaking below it significantly, confirming it as a reliable entry point. CAPITALCOM:GOLD **Target: 2634** - **Rationale:** The 2634 level is identified as a **resistance zone** or a high-probability take-profit area. This could be a previously tested resistance or a psychological level where selling pressure is expected. - **Technical Indicators:** - Monitor for potential slowing of momentum (e.g., RSI divergence or overbought conditions) as the price approaches 2634. - Watch for a failure to break 2634 on prior attempts, as this strengthens the case for a reversal or consolidation near the target. **Risk Management** - **Stop Loss:** Place your stop loss slightly below the **2610 level**, around 2605 or lower, depending on your risk tolerance, to protect against invalidation of the support zone. - **Risk-Reward Ratio:** Ensure the trade offers a favorable risk-reward ratio. For instance, if targeting a $24 move (2610 to 2634), limit your risk to around $10 (stop at 2600).
CAPITALCOM:GOLDLong
by TRADE_CENTER_1
Retracement will be deeper but what pattern will trigger it?Greetings everybody, So, our H&S behaves well by far, but now the degree of uncertainty is raising. As you could see on the chart downside action is slowing. What is it? Thin Xmas market or the bearish pressure is becoming weaker? Long-term charts - monthly, weekly show that deeper retracement has high chances to happen in nearest 1-2 months. The problem is, it is difficult to estimate what particular pattern will trigger it. If market will keep going lower - it could be our H&S. But what if we will get the different one instead? Something like this on daily: That's why, if you have shorts - you could keep it, just manage your stops. But for now we take the pause with the new shorts. We do not consider longs as well, because the major context is down. Hopefully after NY we will get more clarity on this subject.
COINBASE:BTCUSD
by Sive-Morten
Are we going to fill or tap the closest gap for Bitcoin?At the current price point, Bitcoin shows signs of consolidation On the daily chart, price has tested the 50-day moving average multiple times, suggesting this level around $93,147 is a key support. However, the recent bounce from this support has been weaker, indicating potential further downside or consolidation. On the 6-hour timeframe, price is trading below both m_rvwap and w_rvwap. If we fail to reclaim or we get rejected at 96k, higher chance we retest 87.3k to sweep those local lows. We have FVGs or imbalances below. The question is, are we going to fill or tap the closest gap at 81.7k? The FVG is often seen as a price zone where the market has not fully absorbed all the information, leading to abrupt price changes. Given the current technical setup, there's a possibility that BTC might revisit or "fill" this gap, especially if the market continues to show bearish signals or if the current consolidation leads to a deeper correction. However, filling an FVG is not guaranteed and depends heavily on market dynamics at the time. The current analysis suggests a cautious short-term outlook with a potential for testing lower levels due to the observed bearish signals. The 81.7k level, could indeed act as a magnet for price action due to historical significance or technical confluence. However, whether BTC will "tap" this level depends on broader market sentiment, incoming news, and the reaction to key support level at 93.6k.
by Tealstreet
Ethereum (ETH) – Key Technical OutlookPrice Action & Sentiment: Ethereum's current price action suggests upside potential, though a decisive move above the $3,500-$3,600 zone is needed to reignite short-term bullish momentum and shift market sentiment. Ethereum appears undervalued by 30-50% relative to current market conditions, adding to the attractiveness of its long-term growth potential. Support & Resistance Levels: Support: The $2,900-$3,100 range remains a crucial support zone. A retest of this level, especially following mid-November lows, could reset sentiment and provide a stronger base for future growth. Resistance: Breaking through the $3,500-$3,600 resistance zone would signal a significant shift in sentiment and encourage further bullish momentum. Broader Market Context: This setup mirrors historical patterns observed in previous crypto bull cycles, where a period of consolidation or a retest of key support levels often precedes substantial upward movement. Broader market strength and positive sentiment shifts could act as catalysts, especially as the macroeconomic environment becomes more favorable. Outlook: If Ethereum's technical structure holds and broader market sentiment improves, the potential for significant growth remains high. Investors should monitor price action around the $3,500-$3,600 zone for signs of a breakout and pay attention to the $2,900-$3,100 support for risk management. Conclusion: Ethereum is well-positioned for long-term growth, but near-term selling pressure could lead to a retest of critical support levels. A break above $3,500-$3,600 would signal bullish momentum, while holding above $2,900-$3,100 keeps the technical structure intact. This setup offers a compelling opportunity in alignment with previous bull cycle patterns.
COINBASE:ETHUSD
by Richtv_official
ATCryptoScan: BTCUSD into early 2025... how ah?Previously, called for a moderated 88K BTCUSD by the end pf 2024. Its two days away and currently about 93K. What I like about these recent downside targets is that they get close but not there nor exceeded. This tells me that there is underlying demand. However, as previously marked, it really appears that regardless of support currently, there should be a (brief) meeting of 75K around early Feb 2025. So... just marking out with a purple pencil the path BTCUSD should be taking somewhat. Targets are projected and technical indicators are not strong, so there is downside risk. MACD has broken below zerop line, and Rate of VolDiv is decelerating fast. I'd be waiting and ready... Have a Happy New Year!
BITSTAMP:BTCUSD
by Auguraltrader