Bitcoin Roadmap==>>Correction SignsBitcoin ( BINANCE:BTCUSDT )is moving near the Upper line of the Ascending Channel and Potential Reversal Zone(PRZ) , which acts as a Resistance line .
According to the Elliott wave theory , Bitcoin has completed main wave 5 with the help of Ending Diagonal , and we should wait for Corrective Waves .
Note ( Education ): The Ending Diagonal is the Rising Wedge Pattern in terms of Classic Technical Analysis .
Also, Regular Divergence(RD-) between Consecutive Peaks in MACD and RSI and Volume Indicators .
Note : Since trading volume is usually low on Saturdays and Sundays , we can expect the main corrective movement to happen at the beginning of the next week .
I expect Bitcoin to have a corrective trend in the coming week , considering that there are attractive volumes for liquidating long positions at lower prices , as well as the technical analysis that I talked about above. Of course, from November 13 to November 15, important indexes will be released from the USA(Core CPI m/m, CPI m/m, CPI y/y, Core PPI m/m, PPI m/m, Unemployment Claims, Core Retail Sales m/m, Retail Sales m/m) , which can impact Bitcoin's main trend .
⚠️Note: We can expect more pumps if Bitcoin breaks the Potential Reversal Zone(PRZ) ⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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Btc!
BITCOIN → Is the $100K target becoming more and more realistic? BINANCE:BTCUSD is in the bull run phase and updating highs due to the excitement of the US presidential election. After 8 months, there are finally reasons for the price to come out of the prolonged accumulation. Now the distribution.
BTC has one bullish driver after another as it approaches ATH:
Trump's victory in the US presidential election.
Then the second 0.25% Fed rate cut in this cycle
Discussions about BTC as a strategic reserve.
Next is the SEC. Trump promised to get rid of the head of the SEC, so the choice will be made in favor of a more loyal to cryptocurrencies person.
In general, the fundamental background for cryptocurrencies is very bullish, altcoins may finally go straight to the moon.
Technically, bitcoin has a key resistance of 76900 at the moment, as well as key support zones, which is worth paying attention to as the price has been forming a local accumulation for two days. Accordingly, the move may continue in the near term.
Resistance levels: 76900
Support levels: 75650, 74560, 73550
The price is squeezing in front of the resistance, which may lead to a breakout. But, the liquidity is decreasing on the weekend, which may lead to a small correction, for example, to 75650 or other areas lower on the chart. We can't talk about any selling now, the reason is obvious, so we are looking for strong resistance levels (to continue the movement), or strong support levels (to bounce with the purpose of buying).
The target of 100K is becoming more and more real ;)
Rate, share your opinion and questions, let's discuss what's going on with ★
BINANCE:BTCUSDT ;)
Regards R. Linda!
80k - 82k might be the next stop for BTC!Hello TradingView Family / Fellow Traders,
📦 From a macro perspective, BTC has been trading within the large channel highlighted in orange.
The upper boundary of the channel intersects with the 80k round-number zone, which could serve as a strong area for the bears to initiate a correction.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
$BTC - We'll grow on the shorters 79-84k nov-decWe are approaching the liquidity zone, as I have shown in previous posts.
Blue dotted lines indicate the levels where the decision will be made for longing; I do not expect a substantial correction.
Waiting for new ATH 79-84k in November -December
And 100k + in March
Domination goes to 60%
In this case, altcoins are not going to do well
Best regards EXCAVO
#Bitcoin Big Bull Market Roadmap toward $200000#Bitcoin Big Bull Market Roadmap 🚀
CRYPTOCAP:BTC is hitting new highs every day, and I honestly believe this rally could be huge! We might see Bitcoin reach $150k-$200k for its all-time high.
🔹 Once we hit those levels, expect the usual cycle — a bear market. After this bull run, we could see prices dip to around $60k-$80k ( Which will be Bottom of NExt Bull Run ), where the current resistance will become strong support.
🔹 Right now, we're in a Bull Market, so expect a lot of positive news to come your way. But remember, don’t get too swept up in the excitement! If you’re sitting on big profits, make sure to take some off the table.
🔹 A lot of influencers will talk about big dreams, but stay grounded, focus on your strategy, and book profits when altcoins pump hard.
You don’t want to be stuck holding 4 years if the market turns.
Things to watch out for when buying altcoins
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(BTC.D 1M chart)
If BTC dominance falls below 55.01 and remains or shows a downward trend, funds are expected to start moving toward altcoins.
This movement of funds will eventually lead to an upward trend in altcoins.
(USDT.D 1M chart)
I think the coin market is on an upward trend because USDT dominance fell below 4.97.
Therefore, the point to watch is whether USDT dominance is maintained below 4.97 or shows a downward trend.
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(BTCUSDT 1D chart)
If the flow of funds moves to altcoins, the movement of BTC and the movement of altcoins are likely to move differently.
Therefore, unless BTC passes an important support and resistance point, the movement of BTC is likely to have a large impact on altcoins.
Therefore, if BTC dominance falls below 55.01, I think it is better to trade altcoins than BTC.
Since the rise in BTC price is likely to lead to the rise of altcoins, what we need to pay close attention to is the support and resistance points when BTC falls.
Based on the current price position, the most important support and resistance point is 71280.01.
Before that, since the 72344.74 point is important on the 1D chart, the 71280.01-72344.74 section can be seen as an important support and resistance section.
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(1h chart)
However, since there is a possibility of volatility when BTC touches the 5EMA of the 1D chart, the movement at this time may affect altcoins.
Also, there is a possibility of volatility when touching the M-Signal indicator of the 1D, 1W, and 1M charts, so caution is required when trading.
Currently, the 5EMA of the 1D chart is passing around 74K, so it is expected to touch the 5EMA of the 1D chart soon.
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When coins (tokens) rise, most of them show a stepwise upward trend while touching HA-High or BW (100).
Even if the stepwise upward trend continues, you need to be careful when it falls below the MS-Signal (M-Signal on 1D, 1W, 1M charts) indicator.
The reason is that there is a possibility of a downward trend.
Therefore, you should always think about how to respond when it falls below the MS-Signal indicator.
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The basic chart for trading is the 1D chart.
Therefore, you must check the movement of the 1D chart before starting a trade.
Therefore, you can mark the support and resistance points on the 1M, 1W, and 1D charts and check the movement at those support and resistance points on your trading time frame chart.
(1h chart)
Let's take a 1h chart as an example.
When the BW(100) line is created on the 1h chart, the price will fall.
However, you can see how much it will fall, but usually the decline will stop when it touches the HA-High, 5EMA on the 1D chart, and MS-Signal (M-Signal on the 1D, 1W, 1M charts) indicators.
At this time, since there is a high possibility that a trend will be formed due to the volatility that occurs, caution is required when this movement is seen.
Therefore, you can trade by buying when the price falls and breaks through the indicators listed above.
In most cases, buying when it breaks through the BW(100) upward is the last chance to ride the trend.
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When it moves sideways near the HA-HIgh indicator, a box section is formed.
When it breaks out of the box section formed in this way, it can be seen as the time when the trend is formed.
Therefore, it is necessary to consider whether to trade within the box section of the HA-High indicator.
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As long as the price of BTC does not fall below the important support and resistance points, you can make a profit by buying and waiting when the price of the altcoin falls.
Therefore, it is recommended not to suffer by buying altcoins that have risen too much.
Since altcoins that have risen too much can lead to a larger rise, it is recommended to buy when these altcoins make a downward candle on the 1D chart.
However, when buying, do not forget to check whether there is support near the support and resistance points drawn on the 1M, 1W, and 1D charts.
If you bought at a point where there is no support and resistance point drawn on the 1M, 1W, and 1D Tsuta, a short and quick response may be required.
If you buy like this, you should think about whether to sell in installments when BW(100) is generated on the 1h chart (the time frame chart you mainly see and trade) and buy some more when it goes down and then goes up.
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If BW(0) or HA-Low indicators are generated and show support, it is time to buy.
You should also not forget this.
Usually, when BW(0) is generated, it is likely that it is already in an upward state.
Therefore, you need to think about how to buy when it goes up with a split transaction and place a buy order at the point where the BW(0) point is generated.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will start when it goes up by more than 29K.
The section that is 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 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Bitcoin can make correction and then rise to 80K, and even moreHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price traded inside the buyer zone and soon broke the 67600 level, after which made a retest and continued to grow. In a short time, BTC rose to current support level, which coincided with the support area, and then started to decline inside the wedge. When the price fell to the 67600 support level, it entered the buyer zone, rebounded from the support line of the wedge, and started to grow. Firstly it corrected and then rebounded up to the current support level. Price broke this level, made a retest, and continued to grow to the resistance line of the wedge. Bitcoin some time traded near this line and later corrected to support line of the wedge pattern, after which it made an upward impulse. After this movement, the price exited from the wedge and now reached a new ATH (79800 points), after which made little correction. Now, it continues to rise, so, in my opinion, the price can make a correction movement and then start to grow. Also, I think it can reach new ATH, so, I set my target at 81500 points. Please share this idea with your friends and click Boost 🚀
BTC/USDT: Uptrend Continues Toward New Targetshello guys.
such a day! ha!
Channel Resistance: Price is moving along an upward channel, nearing resistance levels at approximately $81,000 and $83,000.
Fibonacci Extension: The Fibonacci level at 1.65 aligns with a target zone, suggesting potential resistance around $81,000 - $83,000.
Short-Term Pullback: A minor pullback within the channel is possible before continuing to the targets.
Momentum: Current momentum is strong, but watch for resistance near the target zones where profit-taking may occur.
BTC blasts offI am a Bayesian in terms of probability theory. I look for Priors to give me a clue. There are many Priors in Bitcoin that provide guidance on the magnitude of price "Mark-Ups" following prolonged periods of chop.
The most recent Prior from Jan-Mar 2024 would suggest that Bitcoin continues its rally through the end of the year and might reach $125,000 by New Years Day.
Alikze »» ENJ | Descending channel - 4H🔍 Technical analysis: Wave 3 or C bullish scenario - 4H
- In the 4-hour time frame, according to the previous analysis , after the support in the range of 0.1465, it faced demand, which was able to grow to the middle of the channel.
- It faced selling pressure in the middle of the channel, which led to a zigzag correction to the 0.122 range.
- It is currently moving in a descending channel, which is at the ceiling of the channel and there is also a supply zone.
- Therefore, in case of selling pressure, it can face support in the specified limits or green box and lead to a price growth up to the specified supply area.
💎 In addition, it should be noted that if the green box is broken, the bullish scenario is validated and can have another corrective leg.
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BINANCE:ENJUSDT
BTC Daily Break Above Rising ResistanceBTC has managed to hold above a rising resistance that was currently dictating the price action.
There are roughly two daily bars before we meet this trend again while being above it. The rising wedge broke to the upside, so my bias for this trade is long. RSI is 72 at time of publishing. Long targets are 77,800 first, and then 84,600. These is the 1.618 extension and the 2.618 extension of the previous high swing low.
Not financial advice.
Do your own DD.
Thanks for reading the idea.
primary near term target at 105-109k level on BTCBitcoin now fully in bullish breakout sequence on monthly and weekly timeframe.
Aiming for advancement beyond 100k to 105-109k zone before additional possible consolidation. Would not be a reason to sell but rather to add more!
RISK IS NOW SOLELY TO THE UPSIDE imo.
After we clear above 125k on weekly and monthly, I don't think it'll be long at all until it runs to 1 million.
Bitcoin: Bullish Continuation Within Ascending Channelhello guys.
The BTC/USDT 4-hour chart indicates a strong bullish trend, with Bitcoin trading within an established ascending channel. The price has been respecting both the upper and lower trendlines, creating potential upward scenarios. Here’s an in-depth technical analysis:
Ascending Channel: Bitcoin is steadily moving within an ascending channel, with higher highs and higher lows. This suggests a continuation of bullish momentum unless there is a decisive breakdown.
Potential Scenarios:
Scenario 1: The price could continue rising within the channel, reaching the next resistance levels around $76,000 and potentially $79,978.02, as shown on the chart.
Scenario 2: A pullback to the channel's midline or lower support could occur before the next leg up, providing potential entry points for buyers.
Fibonacci Levels: The price has respected key Fibonacci retracement levels, indicating areas of interest for potential support and resistance.
Key Levels:
Support: Around $72,000, which aligns with the mid-channel zone.
Resistance: Immediate resistance around $76,000, with an extended target near $79,978.02.
BTC bull(ish) chart 28th of November 2022Hi guys,
This is my latest BTC chart with the price projection going into next year. I reviewed my previous ones, always seem to get the price levels right (tops/bottoms), but rarely the time needed for the moves. So take the time period with a grain of salt.
In my opinion the C wave of the correction is at the bottom. We should be seeing price move up in the following weeks. I had an initial calculation that suggested the 23rd of March as Ann important date, seems that after the FTX debacle it's going to stretch longer into the summer of 2023.
The price target for the next move up sits in the 84k area. I will be updating this chart upon further development.
RSI weekly potential bull div, Stoch RSI "almost" oversold, EW count - 5 waves, Fibo 0.9 retracement from previous 2020 breakout.
Invalidation : weekly close under 13.800$
Happy hunting !
Bitcoin VS AppleApple's product releases came out today.
But it has nothing to do with this publication, just a coincidence.
As you know, I've been analyzing fractals of other assets for a long time. I find the comparison between Apple and Bitcoin very interesting and similar.
I'm inspired by this analysis as much as the previous ones
And the end of this bitcoin market will be around September 2025.
I don't listen to the noise that's coming from everywhere.
I'm following my own plan.
Best regards EXCAVO
BTC DOMINANCE After a Trump victory the markets are booming, a new BTC ATH pushed bitcoin dominance to new local highs of 60.6%. Now we've seen a decent retracement on the daily candle and BTC is still in price discovery. This indicates to me that we have an altcoin resurgence on our hands, returning confidence in crypto and the green light for crypto support by America is a very important to this current rally.
I could see BTC dominance dropping to 59.5% before any continuation (bottom of the trend channel) higher and that's not particularly from a BTC selloff although that is possible as a SFP, but more likely is just BTC staying where it is and altcoins making up some ground.
RSI has dropped out of the oversold zone with this daily candle, a cool off is eventually inevitable as long as price stays flat while RSI cools it's very bullish.
A lot of that altcoin move needs to be from ETH imo, with BTC @ ATH Ethereum is 72% away from ATH... A massive difference and one that should close up going into Q1 2025.
The standard process for a crypto bullmarket is:
BTC --> ETH --> LARGE CAPS
--> MID CAPS --> SMALL CAPS
So far we're clearly still in the BTC phase, keeping a close eye on the ETHBTC chart to see if the momentum shifts towards Ethereum but that doesn't seem likely until next year at the earliest.
Weekly BTC forecastThis is only my current analysis relying on assumption.
There is still wide open area where it could hit later.
This is only analysis to give you an idea for helping your scenario trading.
Please remember always make the trading plan then initiate placing the position as your scenario meet your trading system AND confirmation. also please set up the SL.