Took some $BITX off the table, $BTC leveraged ETF.Why did we take "take" some AMEX:BITX off the table???
For years this area has been tough, CRYPTOCAP:BTC , as seen on chart.
Also, it's at the top part of downtrend.
If #BTC sees some weakness & the STOCK doesn't get called away we keep the premium & life goes on.
If it does, it's okay, we made an extra $1 compared to selling outright.
#Bitcoin
Pls see our profile for more info, many more posts.
Btc!
Breaking The Previous ResistanceBitcoin traded in a range for two days before attempting to break the $62,700 resistance with the opening of global markets. Now, Bitcoin is on the verge of challenging the weekly downtrend. Whether it successfully breaks this trend or not, by holding the newly broken $62,700 level, Bitcoin will soon have its sights set on the $71,000 target. Additionally, the key support remains at $60,000.
Bitcoin Analysis: The Lunar Influence and Price TargetsAs of the latest data, Bitcoin began its ascent at exactly 16:00 Dubai time , coinciding with the formation of the full moon. Is this a coincidence? Absolutely not! The correlation between Bitcoin and moon phases is a pattern observed by seasoned analysts. Historically, after every full moon, Bitcoin has shown bullish momentum lasting 3 to 4 days on average.
At present, Bitcoin is hovering around the $67,000 mark, showing strength in its recent movements. The major support level stands firmly at $56,800 , a critical point that has held over several market cycles. On the upside, we are focusing on the major resistance at $69,329, a level that we believe could be broken this week. If this resistance breaks with confirmation, a slight rejection might occur, but the continuation of the upward momentum is highly probable.
Our first target lies within the golden zone, ranging from $75,008 to $76,747 , where we expect Bitcoin to consolidate before potentially pushing higher.
The moon phase phenomenon has drawn attention from both technical and scientific communities, as similar market movements have been recorded in the past. Many traders and analysts follow this lunar cycle to align their strategies with Bitcoin’s behavioral trends. With Bitcoin’s price behavior showing such predictability, it reinforces the importance of alternative analysis techniques that integrate both natural cycles and traditional technical indicators.
Supporting Media and Insights
Lunar Phase Correlation with Market Trends: Research papers and market reports suggest a pattern in price movements aligning with lunar cycles, particularly full and new moons. These natural events seem to trigger psychological market responses, possibly rooted in historical trader sentiment or behavioral finance models.
Crypto Sentiment Studies: Numerous media sources have reported on Bitcoin's uncanny alignment with natural cycles, especially after full moons. Bitcoin tends to rally within days following these phases, often igniting bullish sentiment across crypto communities and news outlets. Analysts point to multiple instances where moon phases triggered temporary, yet significant, market boosts.
Current Market Sentiment: As we approach key technical levels, many institutional traders and investors are watching Bitcoin’s reaction closely. With the macroeconomic factors in play and rising institutional interest, breaking the $69,329 resistance will attract significant volume. Social media platforms, forums, and market analysts are buzzing with discussions on Bitcoin’s next move as it edges closer to critical resistance levels.
This analysis confirms that alternative insights such as moon phases can provide additional layers of understanding when timing trades, particularly in a volatile market like Bitcoin.
Stay tuned for further updates, and keep a close watch on these price levels as the week unfolds.
Disclaimer : The information provided in this article is for educational and informational purposes only and should not be construed as financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Cryptocurrency markets are highly volatile, and past performance is not indicative of future results.
RAY Long Position (Breakout Retest) Market Context: RAY has broken through its daily resistance and is currently retesting the breakout level, presenting a prime opportunity to enter a long spot position.
Trade Setup:
Entry: Around $1.98
Take Profit:
First target: $2.30
Second target: $2.60
Stop Loss: Just below $1.70
This setup leverages the breakout retest, offering a solid entry with clear risk management. #RAY #Crypto #Breakout
Bitcoin on the Brink – Bounce from 65,700 or Slip to 63,400?Alright, crew, Bitcoin is hanging right above 65,700, and it’s crunch time. If the bulls show up, we could ride this wave toward 67,800. If not, we might slip down to 63,400 for the next setup.
Key Levels:
Support: 65,700 – Bulls need to hold strong here.
Target: 67,800 – A break higher takes us back in the green.
Lower Zone: 63,400 – If the floor drops, this could be the next landing spot.
It’s all about momentum now—do the bulls have the energy to hold the line, or are we getting pulled down? Keep your eyes on those lower time frames to catch the next move.
What do you think—are we bouncing or slipping? Drop your thoughts, follow, and share if this chart gave you some clarity.
Mindbloome Trader
Trade what you see
We can still look for a long opportunity in BitcoinAs mentioned in the weekly analysis, 68,200 was a strong return range for the sellers who also rejected the price, but as long as we do not have a structural change at least in the 4-hour time frame, we can have long intraday trades in the ascending ranges, if confirmation is issued.
BITCOIN BULLISH TO $77,000 (UPDATE)Like I told you all on yesterday's analysis I see BTC prices coming back down again, below the last minor low of $64,700 before any further upside.
So far that is exactly what price is doing. Price is slowly but surely coming down. This'll happen very slowly, in order to test everyone's patience & liquidate those who are in the process of trying to make quick money. Don't become one of them!
Here's What We Need for the Bull Run to Begin!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I always keep an eye on USDT.D to gauge the overall sentiment of the crypto market.
📚 As long as USDT.D remains within the descending triangle, expect a ranging market.
🏹 For a Bull Run to be confirmed , USDT.D needs to break below the lower boundary of the triangle and the 5.2% mark. (daily candle)
In this scenario, BTC would break above $70,300 (weekly candle), potentially leading to a movement toward the $100,000 round number.
Currently, USDT.D is hovering around a strong support zone, so we expect the bulls to take over in the short term, pushing the price up to the red supply zone and the upper orange trendline.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC UPDATE (12H)This analysis is an update of the analysis you see in the "Related publications" section
Description is very important (read) :
We are in the supply range of the previous analysis.
On the left side of the chart, we have a large liquidity pool that we have identified.
We have updated the resistance range. We have already talked about this range (68K-72K) and stated that when we reach this range, close your buy/long positions.
Due to the dominance of Tether and the chart of altcoins, the correction ahead may be deep.
For the positions, approval and trigger should be taken, in this range (68K-70K) the control will be in the hands of the sellers and in this range we are the sellers.
We have two moves in mind, which we marked with numbers 1 and 2 on the chart.
Wait for the next updates.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Sold 1/2 Bitcoin. Raised Stops.Even though we did not reach my 1:2 rrr target, nor did my sell signal fire off, I am choosing to take 1/2 of my Bitcoin profit here, raise my stops, and hold the remainder of the position. I should’ve done this at 68k, but wanted to see how this market would handle the top of our channel.
All along the big resistance target I have discussed has been 68k. I still believe we could break through it, however, the chart is beginning to disagree. Inside of my descending channel (which is bullish long-term) we have this ascending wedge pattern beginning to form (this is bearish). If correct and it plays out, it would take us all the way down to 48k. Sound significant? Yeah, that’s ‘cuz it is!
You’ve heard me discuss 48k many times in the past. It is the neckline of a larger inverse head and shoulders pattern seen on the weekly chart below. We wicked down once in an attempt to kiss and retest. But that may not have been enough tongue action for these bears?
Mark this wedge out on your charts and watch it closely. It is significant. And if it breaks? To 48k we’ll go.
Bitcoin can make correction and then continue to growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few days ago entered to wedge, where it at once rebounded from the resistance line and dropped to the support line of this pattern. Also, the price broke the 59000 level, which coincided with the buyer zone, but later BTC turned around from the support line and in a short time rose to this level and broke it. Then it made little correction to the buyer zone, after which continued to move up to the 65300 current support level, and even entered to support area, but soon turned around and fell below, making a fake breakout. Price tried to grow, but failed and dropped to the support line of the wedge, which coincided with the 59000 level, and then made a strong impulse up to the resistance line of the wedge pattern. Also, BTC broke the 65300 level, after which made a retest inside the support area, and now the price trades near the resistance line of the wedge. So, in my opinion, the price can make correction to the support area at first and then it will rebound up, exiting from the wedge. Next, I think, it can continue to grow, therefore I set my TP at 71K points. Please share this idea with your friends and click Boost 🚀
Bitcoin ending consolidation faseThe price is breaking out its downward trend line while above support zone between 60k-65k
The RSI is confirming price action as it has rebound from 40 and is back at the bullish zone, just as it did back in september of 2023
Lets see if CRYPTOCAP:BTC still has legs and makes a new high above 72k to all-time-highs
BTC/USDT Analysis UpdateBitcoin has formed an ascending triangle pattern, and the price is currently testing a key horizontal supply zone. This level has historically acted as a resistance area, making it a crucial point to watch for a breakout.
The triangle's upward trendline shows steady buying pressure, with the price making higher lows.
Bitcoin is trying to break through this significant resistance area, which could trigger a bullish rally if A confirmed breakout above this zone, with strong volume, would suggest a continuation of the bullish trend, targeting higher resistance levels.
Consider entering a long position if there is a confirmed breakout above the supply zone with a retest showing support.
To minimize risk, a stop-loss can be placed just below the ascending triangle's lower boundary.
Look for profit targets around the next significant resistance levels.
Keep a close eye on the price action and volume to confirm the breakout, as this could set the tone for Bitcoin's next major move.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $65,789 resistance came in effect as expected, called the upside on point and just about 8 hours before it went BOOM! $68,546 resistance now in effect, tested once and resistance still holding, $66,961 current support which has been tested already, same has played as key support several times before, previous 1D closed weak, while volume is also dropping on 4h, RSI on 1D hovering right below overbought region while on 4H it is in overbought region, expect struggle here, some sideways movement in short term, should be good as long as the support holds, $66,323-$65,789 next key support area, next resistance areas to watch are $69,296, $70,463, & $71,304-$71,981, then we just go for the top!
Bearish drop?The Bitcoin (BTC/USD) is reacting off the pivot which lines up with the 161.8% Fibonacci extension and could drop to the 1st support level which acts as a pullback support.
Pivot: 67.990.52
1st Support: 66,408.69
1st Resistance: 69,468.14
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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Sell WIF/USDT Wedge Breakout in H4The WIF/USDT pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Days.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2.61, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2.22
2nd Support – 2.03
Stop-Loss: To manage risk, place a stop-loss order above 3.01. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
The start of a new wave: 68447.9
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(BTC.D 1M chart)
BTC dominance is rising above 58.
The point to watch is whether it can face resistance in the 55.01-62.47 range and fall.
If it rises above 62.47, a strange market where only BTC rises may be formed.
Most altcoins are expected to gradually move sideways or show a downward trend.
---------------------------------------
(USDT.D 1M chart)
A decline in USDT dominance is likely to lead to a rise in the coin market.
However, as I mentioned in the explanation of BTC dominance, I think that most coins in the coin market will show an upward trend only when BTC dominance also declines along with USDT dominance.
If USDT dominance falls below 4.97, the coin market is expected to enter a bull market.
The point of interest is whether a market where only BTC rises or a bull market where altcoins also rise will be created.
------------------------------------------
(BTCUSDT.P 1D chart)
- The 68447.9 point is the BW (100) point of the 1W chart,
- The 71363.0 point is the BW (100) point of the 1M chart,
- The 73127.6 point is the BW (100) point of the 1D chart.
Therefore, we should consider the above points as forming support and resistance points.
If the price rises above the downtrend line (2) and maintains, it is expected to create a new wave.
Therefore, whether there is support near 68447.9 is an important key point.
-
The StochRSI indicator is approaching the highest point (100) and the slope is becoming gentle.
Accordingly, the pressure for a downtrend will increase over time.
In order to overcome this downward pressure and create a new upward wave, it is expected that it will be possible to show a sideways movement in the 68447.9-71363.0 range.
Therefore, the point of interest is how the StochRSI indicator performs the initialization process.
(The initialization process of the StochRSI indicator refers to moving from the overbought range to the oversold range, and also from the oversold range to the overbought range.)
-
(1h chart)
The BW (100) point is formed at the 67800.5 point and is showing a downward trend.
The Mid (50) point is formed at the 67064.5 point.
Therefore, we need to check whether there is support near 67064.5-67349.7.
If it falls below 67064.5, it is likely to touch 5EMA on the 1D chart or around 65568.1-65922.3.
If it touches 5EMA on the 1D chart and M-Signal indicators on the 1D, 1W, and 1M charts, it is highly likely to cause volatility.
Therefore, caution is required when trading as there is a possibility of creating a new wave.
-
The StochRSI indicator is showing signs of entering the oversold zone.
Accordingly, when it rises after entering the oversold zone, it is necessary to check at what point it is receiving support and resistance.
In that sense, whether there is support around 67064.5-67349.7 is important.
-
If the StochRSI indicator enters the oversold zone while the BW indicator does not fall below the midpoint (50), it is likely to show a decline such as a pullback or price adjustment and rise again, so it is good to note.
The most ambiguous part in interpreting the BW indicator is when it is at the midpoint (50).
Therefore, when the BW indicator is at the midpoint (50), it is better to think about a response plan for the coin you are currently trading rather than conducting a new transaction.
------------------------------------
I placed a reservation order to liquidate a buy (LONG) position at the 68447.9 point, but it was not executed.
I think this is a part where you can see that the downtrend line (2) is an important trend line.
If you do not break through the trend line (2) strongly, it is expected that the breakout will fail.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
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
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
BTCUSDT Key Levels in Focus📌 Trading Instrument: BTC/USDT 📌
🔶 Key Levels in Focus - Bullish and Bearish Scenarios 🔶
📝 Market Overview:
Bitcoin is currently positioned at the top of its ascending channel, showing weakness in the recent 4H doji candlesticks, which often signal indecision in the market. The Elliott Wave (EW) count indicates the completion of a 5-wave upward move, suggesting that the current bullish run might be nearing its end, with a possible correction on the horizon.
However, for both bullish and bearish scenarios, the first target of 63.7k is expected to hold significant importance and should be reached. Whether BTC continues upward or begins a reversal, this level serves as a key pivot point.
🎯 Targets:
63,700 – First target for both bullish and bearish scenarios. This level acts as a short-term support and key point to watch in the near future.
Bearish Scenario:
58,500 – Midpoint of the current channel, which could lead to further downside pressure.
48,000 – A deeper retracement aligned with significant support.
44,000 – 40,000 – Final target range, representing strong support from previous market lows.
Bullish Scenario:
If BTC maintains above 63.7k and breaks out from the current resistance, we could see a continuation of the bullish trend, with targets above the current levels.
🚨 Strategy:
Stop Loss (SL): Set slightly above the current channel top to avoid false breakouts.
Take Profit (TP): The first target remains 63.7k for both scenarios, followed by 58,500, 48,000, and 44,000-40,000 for the bearish case.
This analysis gives weight to both scenarios, but the 63.7k target is a critical level to be expected and monitored in the next move, whether BTC pushes higher or starts its correction.
🚨 Disclaimer:🚨
This is not financial advice. Always conduct your own research and trade responsibly. Markets are highly volatile, and you should only invest money you are prepared to lose.
BTC Monthly looks almost primed and ready#BTC was/is in a mild correction or consolidation phase.
The RSI stayed above 50 which is VERY GOOD.
Money flow remained in the overall scheme of things and still looks good.
IMO this looks similar to #BTC during the 2018-20 setup phase.
(Opened the chart to a weekly for a better view)
But don't think we get a harsh dip like in mid 2020.
#Bitcoin #crypto
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$BTC finally looking good at upper range of downtrendCRYPTOCAP:BTC is currently trading above the highs of last bull run.
#BTC was here yesterday but it gave it back and rolled under.
A lot of resistance in this area. How will it do today at close?
Still in a downtrend but this is the best #bitcoin has looked when testing the upper part of the channel.
Weekly it is looking great. ALMOST THERE!!! A little bit more!
#crypto
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