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Bitcoin Upward WavesSince the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There are two possible areas for the current Bitcoin't correction wave. The first is the purple triangle, and the second is the orange one. The only difference between these two areas is that if the Bitcoin reaches the orange triangle, the major ascending channel will be invalidated, since Bitcoin has breached the channel's bottom. Let's see what happens.
BITSTAMP:BTCUSD
by SaeedSalehinia
4
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.
BITSTAMP:BTCUSDLong
by BallsOfSteel32
Bitcoin- Signs of a bottom formation?Hey everyone, what a crazy time to be in this space right now! Hope you all are fine out there! No matter if you made it through this mess or not, money comes back, always remeber that! There will be tons of new opportunities out there in the future, this space is just evolving more and more. As scammers get revealed, people will be much more cautious, as it should be. The one sector which I think will rise much stronger from the ashes of this whole situation will be the defi sector. Don't trust, verify! I don't want to talk more about this topic, so lets get right to the charts: RSI is clearly in the buttoming territory, which has always marked the buttom relatively accurate. More and more folks out there are shouting again "this time it's different", and they will always shout it out while sitting at or near the buttom. That's the way market psychology works. Buttoms are created when there are no sellers left at these prices. People like these already sold and are waiting for much lower prices. The next chart shows that we are sitting right at strong support of the total crypto marketcap: Moreover I always like to compare price fluctuation of Ethereum relative to Bitcoin (orange line). As you can see, imbalances in the relation of the Altcoin market to BTC often showed prominent turning points, or an imbalance in the otherwise highly correlated assets: Let's look at the volume, shall we: As always said in my previous posts, volume and price action are the two main factors everybody should watch. The volume spikes we can see right now can mark the buttom, as it always did. And again, I stick to what is most likely, not to the exception! Technically, ETH and a lot of Altcoins did not make a lower low like BTC did. So what do we need for confirmation, that this could really mark the buttom? Reclaiming and pushing though the area of 19k - 19,5k (orange box in the image above) and also holding above 19,5k. I could also point out that we are again in the territory where the costs of mining BTC is not profitable anymore for a lot of miners around the globe, which has also marked the buttom territory everytime. As Satoshi said: the price will always come back to the cost of production. It will fluctuate around this price level and eventually come back to test it from time to time. As most of you know I guess, these will rise constantly due to the halving. There are a lot more things I could show here but I guess it's enough, these are the most important facts in the Charts in my personal view. But I will not end this post without pointing out the current market sentiment: It is crazy bearish, as it always will be in buttom territories. Right now everyone looks into the same direction, lower prices. Ask yourself the question: when was the last time nearly everybody was convinced that prices HAVE TO be heading in one direction? The crowd is never right, and right now we are at the extreme end of that bearish sentiment. Timing the REAL buttom exactly to the tip is not what I strive for and also not a realistic thought. Finding the right range which should be a good spot for buying and holding for a longer period of time is the key element in my strategy. This is what I aim for. *** Keep in mind that this is NOT A FINANCIAL ADVICE, just my own thoughts about the market! ***
BITFINEX:BTCUSDLong
by Layer2Sandwich
4
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
NASDAQ:AAPLLong
by EXCAVO
10
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.
Long
by melikatrader94
4
#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.
BITFINEX:BTCUSDLong
by CryptoPatel
8
R2F Weekly Analysis - 10th November 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it! This video will be a special "The Leap" edition. - R2F
TVC:DXY
by Road_2_Funded
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⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
50
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 !
BITSTAMP:BTCUSDLong
by Robi_Nitu
26
$BTC the bull run is NOT finished, reminder to stop FUDIn another idea (check my idea), I had forecasted a -50% dump of CRYPTOCAP:BTC , and we are close. I also highlighted that on a weekly timeframe, CRYPTOCAP:BTC had been oversold due to ETF hype, which forced CRYPTOCAP:BTC to consolidate mid-bull market to reset the MACD and RSI to lower levels, just like in 2021. Here was the idea: Additionally, this idea perfectly forecasted what is happening now: I also correctly predicted that all these CRYPTOCAP:BTC owned by external actors would have to be sold on exchanges to reach the market, negatively impacting the price action. Now, here is an updated chart to my previous idea that accurately forecasted the current situation. What is coming next? Check the MACD. On the weekly timeframe, we are close to the same situation as in 2021 when CRYPTOCAP:BTC bounced back to go parabolic. The yellow line shows the level where the MACD could cross and reverse to finish this bull run successfully. In the worst-case scenario, we might continue the downtrend pressure while the RSI and MACD reset lower. This pressure counterbalances the bull run and is the reason why CRYPTOCAP:BTC does not have the energy necessary to pass over the top resistance and is ranging. This range will continue until the weekly MACD crosses over and the RSI reaches the oversold territory. The good news is that the more time it takes, the lower the MACD and RSI will be, the longer the final bull run will become, and the higher CRYPTOCAP:BTC will go. MT.Gox, Germans, Genesis, and Grayscale have done their dumping, so the sky is getting clearer, and the sun is starting to shine. I do not think this bull run will be canceled; there is no way it can happen. It can be delayed by external factors, but the charts are clear and clean. We are moving forward in a massive way as soon as CRYPTOCAP:BTC gets oversold. From the chart, a true reversal in the trend should happen between 2 to 10 weeks. Be patient, do not panic, do not sell your coins; your portfolio will turn back to green soon. DYOR.
by CryptoNikkoid
1