Bitcoin BTC Is Preparing Last Drop To $89k Before The Rally!Merry Christmas, Skyrexians!
Today BINANCE:BTCUSDT started moving again and this move is downward. That's why it causes a lot of emotions. But we warned you in our last analysis that Bitcoin will reach GETTEX:89K at least before the bull run continuation. Today we will take a look in details how this dump can be finished soon.
Let's take a look at the 1 hour timeframe. When Bitcoin has recently reached the top our new Multilayer Acceleration/Deceleration Strategy closed all long trades and the dump was without any actions. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
After that we have seen the wave A which consists of 5 waves. The next bounce was the wave B zigzag shaped. Today price dropped suddenly and hard, this is the sign that wave C is already in progress. Soon we will see the final target at $89k. From there we can expect the bullish continuation above $120k.
Best regards,
Skyrexio Team
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Btc!
Bitcoin [BTC] - Trading Inside the Channel. Breakout when ?#BTC/USDT #Analysis
Description
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+ Bitcoin is currently trading inside the channel and price is around the support zone
+ Price touched support zone multiple times and this is the third touch of the resistance
+ I'm expecting the price to bounce back from this support zone.
+ If the price fails to hold the support then our idea is invalidated.
+ A bounce back from the support of the channel will push the price above 100
Follow the trade details in the chart.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
The continuation of the upward bull run of Bitcoin💠 The nature of the market has always been such that every uptrend at the beginning of an upward trend requires a short correction, and this is not far-fetched for Bitcoin.
⭕️ Everything is self-explanatory on the chart and no further explanation is needed. Dear friends, the numbers given in the chart are drawn according to analytical and trading experience. So far, all my analyses have had a very low error rate, and I hope that this analysis will again achieve its goals without mistakes.
▫️The buying suggestions are the blue and purple lines, which I recommend buying as DCA. If you have two targets, you can see that there is no reason why the second target must be seen. It is possible that a sharp decline will begin near or in the middle of these two targets. Therefore, be sure to take your profits from the first target.
Support us by liking the analysis ❤️
Perfect startMorning folks,
Hopefully you had a great Xmas time... Today we do not have a lot to comment. Our view we've explained in previous update
Setup has started just perfect. Once upside AB-CD was done, the H&S starts. Now we consider two points - 89.5-90K, mostly because of Fib support and oversold on daily chart [ /b]
And the major one around 82K as a H&S downside target. 10-year yields are keep climbing with 4.75% target by our view. So the pressure on all dollar rivals will remain for some time.
Thus, no longs, if you've missed entry on top, no problems, you could try to step in on minor intraday pullback.
This volatility period is until December 28
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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(BTCUSDT 1W chart)
The volatility period on the 1W chart is until January 5, 2025.
Even though the price has risen, the HA-High indicator on the 1W chart is showing signs of being created at the 94742.35 point.
If the HA-High indicator on the 1W chart is created at the 94742.35 point when a new candle is created, it is important to check whether there is support near that point.
If it goes down, you should check whether there is support near the 1st and 2nd points indicated on the chart.
Eventually, the StochRSI indicator fell from the overbought zone and changed to a state where StochRSI < StochRSI EMA.
If the StochRSI indicator is located near the 50 point when a new candle is created, volatility may occur, so caution is required when trading.
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(1D chart)
The volatility period on the 1D chart is around December 27 (December 26-28).
Therefore, the key is whether it can rise after receiving support near 97821.58-98892.0 after passing this volatility period.
If not, you should check whether the movement occurs as explained in the 1W chart.
If it receives support near 97821.58-98892.0 and rises, it will continue the short-term uptrend.
However, since the high point boundary section is formed in the 101947.24-106133.74 section, whether this section can be broken upward is a point of interest.
Since the StochRSI indicator is currently located near the 50 point, there is a high possibility of volatility, so caution is required when trading.
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The DOM indicator is an indicator that comprehensively evaluates the DMI, OBV, and MOMENTUM indicators.
The Signal indicator is the EMA indicator of the DOM indicator.
The BW indicator is an indicator that comprehensively evaluates the MACD, StochRSI, OBV, and superTrend indicators.
The BW indicator is used to create the BW(0) and BW(100) indicators.
In addition, when it is located below the 0 point, it means that the decline is strong, and when it is located above the 0 point, it means that the rise is strong.
The DOM indicator indicates an upward trend when it rises based on the 0 point, and a downward trend when it falls.
When DOM > Signal is in the state, it is likely to show an upward trend, and when it is the opposite, it is likely to show a downward trend.
Therefore, when the BW indicator or DOM indicator shows an upward trend from the 0 point, aggressive buying is possible, and when it rises above the 0 point, it is the time to buy.
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Thank you for reading to the end.
I hope you have a successful transaction.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have maintained an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the upward trend 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 expect that we will not see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it 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, it is expected that this Fibonacci ratio will be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
How to view and respond to this is up to you.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
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Is Bitcoin Poised for a Rally? Technical Analysis and Trade IdeaMany are asking, where will Bitcoin head next? Looking at this four-hour chart, we can see equal lows and a notable dip into sell-side liquidity. My question is whether this is setting up for a pre-Christmas rally or not. I'll be watching for a potential buy opportunity if we see a bullish market structure break. If that doesn't happen, then there won't be a trade. This is not financial advice.
BTC/USDT Analysis. The price is currently bouncing off the mid-level of the channel, aiming for the upper resistance near $110,000.
$92,500–$95,000 (green area): This is a strong horizontal support area that aligns with the lower boundary of the channel. It has been tested multiple times and is holding well.
A breakdown below this area could signal a move towards $85,000 or lower.
$100,000 (psychological resistance): A crucial level that needs to be cleared for the uptrend to continue.
$110,000: Upper channel resistance and next major target.
The 21-MA (black line) is acting as immediate support, while the 50-MA (red line) is moving upwards, indicating bullish momentum.
Bitcoin recovering and continuing to stay above the moving averages is a positive sign.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
@Peter_CSAdmin
DAY 6 - Daily BTC UpdateBitcoin delivered a Christmas milestone, breaking $100K on multiple exchanges. However, we now find ourselves in a land of limbo, with BTC trending between key pivot levels and no clear confirmation of the next major direction.
Daily Chart Insights
📈 Momentum Turning Bullish
MACD: Flipping bullish, signalling potential strength in the trend.
RSI & Stochastic RSI: Both indicators suggest growing bullish momentum, showing signs of a reversal in market sentiment.
🔥 EMA Ribbon Recovery
Bitcoin’s daily candle has broken above the EMA ribbon, a key resistance zone, indicating that upward movement could gain traction if this trend holds.
Outlook
BTC's ability to maintain its position above the EMA ribbon and push past $100,800 will be pivotal in determining whether the bulls can regain full control. If successful, the next key level to watch is $105,720, leading to Pathway 1 for further gains.🎯
The market sentiment is improving, but caution is key while BTC trends in this zone. Let’s see where the holiday momentum takes us! 🎁
Mastering BTC Levels: Predicting the Next MoveHere's an in-depth look at BTC's key levels 🔍
📍 Bullish and bearish zones mapped out
📈 Using ATR to target potential price ranges
Will BTC break out or stay range-bound? Share your thoughts! #BTC
Context:
Key Levels: The chart highlights major support and resistance zones using green (bullish levels) and red (bearish levels) bands.
Bullish Day/Week Levels: Green zones where bullish momentum could sustain or start.
Bearish Day/Week Levels: Red zones where bearish sentiment could dominate.
ATR (Average True Range): The "Day ATR" and "Week ATR" indicate potential ranges BTC might move within, helping traders set targets or stops.
Price Action: BTC seems to be fluctuating within these predefined zones, offering insights for both breakout and range-bound strategies.
Directional Arrows: Green and red arrows suggest potential bullish or bearish trajectories from current price levels.
Close Day Marker: The "Close Day" line highlights the critical closing price, often serving as a benchmark for future market direction.
Insights:
The chart is ideal for short-term traders looking for high-probability entries and exits.
It emphasizes the importance of respecting these predefined zones to maximize risk-reward.
ZEN Skyrockets 244% – Is a Correction Around the Corner?ZEN has experienced an impressive +244% rally over the past 7 days, completing 7 consecutive bullish days.
Key Resistance Levels:
0.618 Fibonacci Retracement: Reached for the entire structure (logarithmic scale), providing an ideal short entry.
0.666 Fibonacci Retracement: Located at $53.55, perfectly aligning with the previous significant swing high, further strengthening resistance at this level.
Psychological Level: $50 serves as a critical psychological barrier.
The rally suggests an imminent correction due to overextension. Multiple resistance levels indicate a high probability of price cooling off.
Short Setup:
Elliott Wave Completion: 5-wave structure appears completed, signaling the end of the bullish trend.
Take-Profit Targets:
First TP: $39.68 (Fib 0.618 of the current wave).
Second TP: $33.74 (Fib 0.382 of the entire structure).
Risk-Reward Ratio: Targeting 0.382 offers a +25% gain.
XRP/USDT - (25-12-2024) G-Money's short version analysis based BTC/USDT 2H G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS". I do totally ignore any fundamental analysis, technical analysis only
BTC/USDT - please pay an attention, It has a 2 take profit levels.
What do you think?
Chart is itself explaining. Kept a "KISS" approach all the way ( "Keep It Simple, Stupid") & beginners friendly... ;)
I do hope that nobody ignoring SL ( Stop Loss) ! Without it, It is a fastest way to loose hard earned money...
;)
Trade safe & don't do "gambling". In the end it never pays, not worth it to risk loose all your $...
PS: above technical analysis is done for the community & educational purpose only! It is not a financial advice. Just share my very own insight to it.
Merry Christmas to ALL !
Bitcoin Dominance - Falling Wedge Broken - Altseason is here #BTC.D (Bitcoin Dominance) #Analysis
Description
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+ Bitcoin dominance has formed a nice falling wedge pattern and support is broken successfully.
+ This was the moment that everyone was waiting for, in 2025 we are gonna see a huge bull run, greater than last bull run.
+ Falling wedge is a bearish pattern and the dominance has successfully broken down from the wedge and heading towards the next support at around 39% (This is gonna be a the peak of the alt season)
+ 2025 jan will be huge for altcoins.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
$BTC correction bottom is $85000All the fanboys—Crypto Rover, Ash Crypto, Satoshi Stacker, Banter, etc.—are singing the same tune: *"We're back!"* They claim CRYPTOCAP:BTC is still in a bullish pattern, that the December 20th -15% crash was just an anomaly, and so on.
As usual, these CRYPTOCAP:BTC enthusiasts are acting like PR agents for Blackrock and Sailor, hyping the market to attract your money.
If you're into altcoins, be cautious—the charts are telling a different story than their optimistic chatter.
Remember June 2024? They were promising rewards if CRYPTOCAP:BTC hit $80K by the end of the week. How generous! And yet, CRYPTOCAP:BTC dropped -31%, with many altcoins plunging -80% over the following three months.
I sent my weekly chart showing bearish divergence to all of them back then. None paid attention, and I was right.
This time, while we're not in an identical scenario (the weekly timeframe still looks bullish), the daily timeframe shows a clear downward trend. Until this plays out, there's no reason to get overly optimistic.
This means we could see selling pressure for the next week, dragging most altcoins down with CRYPTOCAP:BTC as the correction completes. The expected bottom for CRYPTOCAP:BTC is around $85,000, give or take. After that, the bull run should resume—I don’t think we’re heading into a bear market just yet.
As always, DYOR!
Comparing Christmas 2020 vs 2024#Altcoin Marketcap #Analysis
Description
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+ Comparing the altcoin marketcap on 2020 vs 2024 Christmas (pre bull run years), during the christmas week altcoin had a significant drop in the marketcap and after holidays we saw significant growth in the marketcap pushing the altcoin prices higher.
+ I'm seeing similar pattern in this bull run, in 2025 we are doing to see a huge bull run and during this Christmas week it was expected to see some drawdowns.
+ I'm expecting the market to see a complete recovery in the first two weeks of the Jan 2025.
+ I'm doing DCA for most of my Altcoin holdings and increasing my investment in some AI based tokens.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Alt season is just around the corner#BTC.D #Analysis
Description
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+ Bitcoin dominance had an unsuccessfull breakout from the resistance line.
+ dominance is around the resistance zone and now it is headed in the right direction
+ a drop in the bitcoin dominance will push the altcoin prices higher
+ if the dominance is headed in the right direction we can expect a altseason soon.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
VIRTUAL at Crucial Resistance: Short Setup with 18% Potential GaThe price is approaching the high from December 16th. A short opportunity arises only if the price gets rejected with confirmation at this level.
Target Levels:
Weekly Level: The next major support lies at $2.711, which aligns with the Point of Control (POC) observed on the Fixed Range Volume Profile (FRVP).
Support Zone: The anchored VWAP (yellow line) is currently at the same level, reinforcing $2.711 as a strong support zone.
Short Setup:
A short trade from the current high, upon rejection, could target a potential drop of +16% to +18%, offering a favorable Risk-to-Reward (R:R) ratio.
Key Condition: Entry should only be considered if clear rejection confirmation is observed at the high. Without confirmation, this setup remains invalid.
$ETH.D x $BTC.D CRYPTOCAP:ETH.D x CRYPTOCAP:BTC.D ⏳
While #Ethereum dominance is at all-time lows in terms of momentum, it is also poised for a comeback in the Demand Zone
#Bitcoin dominance is poised for a comeback in the Supply Zone region, even though it is at all-time highs in terms of momentum
The current situation can be seen as an important indicator for #Altcoins, but the rise of bitcoin and the decline of bitcoin dominance will be a sign of the #Altseason we have been waiting for so far.
BTC Long term analysisBitcoin Weekly Analysis: Ascending Channel in Play
Bitcoin (BTC) is currently trading within a well-defined ascending parallel channel on the weekly time frame, indicating a strong bullish trend. Here's the breakdown of the setup:
📈 Channel Boundaries:
BTC price is respecting the channel's upper resistance and lower support (yellow lines).
The midline (blue dashed line) acts as dynamic support/resistance, guiding the price action within the channel.
💡 Current Scenario:
The price is trending toward the upper boundary, showing bullish momentum.
A potential retracement back to the midline is expected after touching the resistance, as illustrated by the green path.
🚀 Bullish Case:
A breakout above the upper boundary could signal accelerated bullish momentum.
BTC might continue rallying beyond the channel if volume supports the breakout.
⚠️ Bearish Case:
A breakdown below the lower boundary could signal a trend reversal, leading to bearish pressure.
🔍 Key Levels to Watch:
Upper Channel Resistance: Critical zone for a breakout.
Midline Support: Retesting this level could offer a buy opportunity in case of a pullback.
Lower Channel Support: Watch for potential trend invalidation below this level.
📊 Conclusion:
The ascending channel suggests BTC remains in a strong uptrend on the weekly time frame. Staying within the channel keeps the bullish structure intact, offering opportunities for both breakout and retracement traders.
Do you agree with this setup? Share your thoughts or ideas in the comments! 👍