Btc-bitcoin
ON THE EDGE - HAEDS OR TAILS? Happy New Year to all of you! :)
As illustrated, we can see BTC hanging on the edge of a cliff.
Apparently , Black Rock and other financial institutions involved are manipulating price; however, that's only rumors until a major media source proves otherwise.
Technically speaking , the key support area is the $90,000 - $91,000 price range where we've seen BTC bounce strongly to the upside once testing it.
Don't be surprised if there's a strong selling inducement ( what retails call "fake breakout" ), where these bigger institutions bid the market just bellow $90,000 trapping sellers and shaking off buy-holders, and then buy back all of the liquidity at a discount price (potentially around $85,000 - $80,000).
However, the sell-inducement maneuver could cause a panic sell-off, taking price lower toward its previous maximum highs of $73,000 ; being such price range a major potential buying area for a long term HODL toward what could be a short-term target of $115,500 - $118,000 price range.
Patience is key since we are starting the year, and price "should" create the low of the year (somewhere), so it's natural and not strange for there to actually be a drop which, as a matter of fact, is fair and actually good so that everyone can get their hands on some BTC at a better price.
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GOOD LUCK!
And I wish you all a year full of abundance and prosperity.
HBAR TRADE IDEA Hedera HBAR has held up better than the majority of alts have since the peak of the Trump pump in early December '24, sitting above the 4H 200 EMA were most alts have now lost its support.
The chart is a simple one, we have a clear range marked out between $0.395 - $0.235 with price currently at the 0.25 line. Just below that is the 4H 200 EMA which coincides with the bullish OB creating what should be a strong level of support. Naturally the invalidation for a trade at the level would be acceptance under these key supports.
There is a clear LTF downtrend, a breakout of that range could be a good trigger for a long position with the range quarters acting as take profit levels. With alts still very much tied to BTC and as it stands the price action is stagnant due to end of year window dressing and lack of volume, this should change next week and if the ETFs continue inflows this will help HBAR and alts increasing the positive probability of the long. If BTC starts the year poorly then the SL comes in as the bullish trend is lost.
250k Btc (with facts) Bitcoin growth across three Halving CyclesFirst Halving:
Market cap at halving: 146 million
Market cap during run-up: $18.75 billion
Run-up: 20 billion (approx.)
Second Halving:
Market cap at halving: $9.375 billion
Market cap during run-up: $300 billion
Run-up: $290.625 billion (approx., 15 times larger than the first halving)
Third Halving (hypothetical):
Market cap at halving: 150 billion
Possible market cap scenarios during run-up:
a. $1.2 trillion (already achieved)
b. $2.4 trillion (potential)
c. $4.8 trillion (potential)
Run-up (applying the 15x increase pattern): $4.35 trillion approx.
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IBITUSDT Analysis: Red Box Breakout PotentialIn IBITUSDT, the red box signifies a critical resistance zone. If price breaks and retests this level, it may present a long entry opportunity . That said, my overall expectation is for the correction to deepen further before significant upward movement.
Key Points:
Red Box Resistance: Monitor for a breakout and retest to confirm a potential long setup.
Deeper Correction Likely: Current market conditions suggest the correction could continue before recovery.
Confirmation Indicators: I will utilize CDV, liquidity heatmaps, volume profiles, volume footprints, and upward market structure breaks in lower time frames to validate entries.
Learn With Me: If you want to understand how to leverage CDV, liquidity heatmaps, volume profiles, and volume footprints for accurate market analysis, feel free to DM me.
Reminder: Always manage your risk and look for confirmation before taking any trades.
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I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Bitcoin is Ready to Fall by Flag Pattern!!!Bitcoin ( BINANCE:BTCUSDT ) managed to break the 50_SMA(Daily) in the past days, and this could be a sign for a further fall of Bitcoin .
Bitcoin is currently moving in a Heavy Support zone($95,000-$90,870) and is breaking the Support lines .
In terms of Classic Technical Analysis , the Bearish Flag Pattern can cause Bitcoin to fall further.
I expect Bitcoin to drop towards $91,000 minimum after breaking the Support line and a possible pullback, and if the Heavy Support zone($95,000-$90,870) is broken, we should expect more dumps .
⚠️Note: If Bitcoin breaks the Resistance lines, we can hope for a further increase in Bitcoin.⚠️
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Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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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.
Sell BTC/USDT Bearish ChannelThe BTC/USDT pair on the M30 timeframe presents a potential selling opportunity due to form of well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the top of channel. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 91151
2nd Support – 90107
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Bitcoin at Critical Support: Will It Hold or Breakdown?We’re currently looking at Bitcoin on the weekly chart with 6 days remaining before this candle closes. It’s sitting at a key support level of $93,416.91, and Bitcoin needs to maintain this support for the bullish momentum to continue. If this critical support level breaks, we could see a bearish crossover, with the 9 EMA crossing below the 4 SMA. This could trigger a sharp decline and potentially lead to a panic sell. The next key support is at $87,328.39, which we’ll need to hold. We’ll revisit this analysis when the next move unfolds. If you found this helpful, please hit the like button.
Bitcoin Roadmap=>Short-term!!!As I expected, Bitcoin ( BINANCE:BTCUSDT ) once again attacked the 50_SMA(Daily) but failed to defeat it .
Bitcoin is currently moving near Heavy Support zone($95,000-$90,870) , Support zone($96,620-$95,520) and Potential Reversal Zone(PRZ) .
According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the main wave 4 . To confirm the end of the main wave 4 , we need to confirm the break of the 50_SMA(Daily) .
It also seems that Bitcoin in microwaves should experience an upward movement in the coming hours.
I expect Bitcoin to at least rise to the Targets I have specified in the chart.
⚠️Note: If Bitcoin goes below the 50_SMA(Daily), we can expect a break of the Heavy Support zone($95,000-$90,870).⚠️
⚠️Note: In general, the analysis is short-term, and holding a long position for targets above the Resistance zone($100,000-$98,130) is a little risky.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
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.
BITCOIN (BTC) Setting Up for One Last Dip Before 200kCurrently, CRYPTOCAP:BTC is about to tag the equal lows at 92.1k, but I’m not betting that level will hold. I’m more focused on the opportunity if CRYPTOCAP:BTC drops into the low 80ks. It might be a bit ambitious, but I’ve been waiting since the tap at 107k.
I expect this move to unfold before mid-January. By halfway through Q1, we could start to see some market strength, with a potential target of 198k for BTC. MARKETSCOM:BITCOIN
BTC HEAD&SHOULDER Key Observations
1. Head and Shoulders Pattern:
A clear head and shoulders formation is identified, with the left shoulder, head, and right shoulder well-defined.
The neckline is slightly sloping and serves as a key support level. A breakdown below this line would confirm the bearish pattern.
2. Measured Move:
The measured move is calculated by taking the distance between the head and the neckline and projecting it downward. This aligns with a major support zone below the neckline and suggests further downside if confirmed.
3. Indicators:
RSI: Currently below the midline, indicating weakening bullish momentum and leaning bearish.
OBV (On-Balance Volume): Trending downward, signaling reduced accumulation and fading buying pressure.
Volume: No significant spikes near the neckline yet, meaning confirmation of a breakdown is still pending.
4. Fibonacci Levels:
The retracement levels suggest key support zones below the measured move target. A deeper correction could align with these levels if momentum accelerates.
Scenarios
Bullish:
A strong rebound from the neckline and a breakout above the nearest resistance level (right shoulder region) would invalidate the head and shoulders, paving the way for a continuation of the prior uptrend.
Bearish:
A confirmed breakdown below the neckline triggers the measured move, with price potentially heading toward the calculated target. A further breakdown beyond this level could align with deeper retracement zones.
Recommendation
Monitor the neckline closely for a breakout or breakdown.
Look for volume confirmation to validate the move. Lack of volume could indicate a false breakout/breakdown.
Use the measured move target for planning potential entries/exits and manage risk accordingly.
Bitcoin's anti-gift for the new year!Technically it looks pretty sad and I think the chart will move through the fibonacci levels. I wouldn't expect any gifts before the end of the year, just another spill and discounts. I think you will hear more words at the New Year tables that altcoins is a scam.
The liquidation levels also confirm my theory, the decline is programmed.
Horban Brothers.
DAY 7 - Daily BTC UpdateThe Holidays have slowed the markets - for now.
I've introduced a third potential scenario for Bitcoin (BTC), which is bearish and might see the price retesting the DAILY 100 Moving Average near $80K. Although this scenario seems less probable given the current market sentiment, where large corporations and businesses are actively accumulating, it's crucial to consider all possible outcomes to avoid the pitfalls of an "up-only" mindset prevalent in bullish markets.
Remember, corrections are healthy and contribute to the robustness of the overall market pattern.
After yesterday's positive momentum shift, we've again seen a lull in the market and increased sell pressure as the US gears up for tax season. The recent price movements in Bitcoin indicate an adjustment to overbought conditions following the election, with technical indicators suggesting a continuation of the bearish trend in the short term unless there's a significant influx of buying support.
Keep an eye on these developments, as they could dictate the next moves in Bitcoin's price trajectory.
Trading Tip:
As we have no confirmed direction currently - One effective strategy during volatile periods like this can be the "Dollar-Cost Averaging (DCA)" approach. Instead of trying to time the market, you regularly invest a fixed dollar amount, regardless of the asset's price. This method reduces the impact of volatility by spreading out the purchase price over time. For Bitcoin's current scenario:
Set a regular schedule: Decide to buy a fixed amount of Bitcoin weekly or monthly.
Stay disciplined: Avoid investing more when prices seem low or less when they're high. Consistency is key.
Long-term perspective: DCA works best if you hold for the long term. It allows you to benefit from the average price over time rather than trying to predict short-term movements.
This approach can mitigate the risk of entering the market at peak prices and can lead to purchasing more units when prices are low, potentially lowering your average cost per Bitcoin over time. Remember, while DCA can smooth out the volatility, it does not guarantee profits and should be part of a broader investment strategy considering your risk tolerance and financial situation!
Thanks for following the 7 Days of BTC updates, and if you want these Daily - links are in my Bio :)
The Impact of KULR's Investment & Israel's Bitcoin Mutual FundsThe cryptocurrency market, particularly Bitcoin ( CRYPTOCAP:BTC ), has seen significant movements recently, influenced by both institutional buying and regulatory developments. Two key events stand out: KULR Technology Group's substantial investment in Bitcoin and the upcoming launch of Bitcoin mutual funds in Israel.
Technical Analysis:
Bitcoin experienced a notable "spiral movement," reaching a peak of $99,000 before a sharp 4% dip, settling at around $95,481.85. This volatility can be attributed to immediate market reactions to news like KULR's purchase of 217.18 BTC for about $21 million. The Relative Strength Index (RSI) at 44 indicates a potentially weak growth pattern, suggesting that Bitcoin might be overbought in the short term, prompting traders to be cautious.
The 24-hour trading volume of over $46 billion points to significant interest, yet the downward trend in price despite high volume might signal profit-taking or a shift in market sentiment. This could be interpreted as a consolidation period following a rapid ascent, with investors possibly waiting for more clarity or another catalyst.
The current trend for Bitcoin appears weak, as observed from the RSI and the market's reaction to new institutional investments. This might suggest a period of stabilization or correction is on the horizon before the next potential bull run.
Institutional Adoption
KULR Technology's decision to allocate up to 90% of its surplus cash into Bitcoin, following in the footsteps of giants like MicroStrategy, underscores a growing trend of corporate treasuries diversifying into cryptocurrencies. This move not only legitimizes Bitcoin as an asset class but also potentially influences its price through increased demand.
Regulatory Developments in Israel
The introduction of six Bitcoin mutual funds in Israel, set to launch on December 31, 2024, is a pivotal moment for crypto investments in the region. This development aligns with global trends where regulatory clarity often leads to increased institutional investment. The funds, managed by well-known firms, will offer investors a regulated, less volatile way to gain exposure to Bitcoin, potentially driving further adoption and demand.
The U.S. SEC's approval of spot Bitcoin ETFs earlier in the year has set a precedent, showing that with regulatory support, Bitcoin can attract significant institutional capital. Israel's move might follow this path, enhancing the perception of Bitcoin as a legitimate investment asset, not just a speculative one.
Economic Implications
By allowing transactions in shekels, these funds bridge the gap between traditional and digital finance, making Bitcoin more accessible to the average investor. This could lead to broader economic implications, including increased liquidity for Bitcoin and possibly influencing the digital shekel's development.
Conclusion:
The combination of KULR's bold investment strategy and Israel's innovative approach to Bitcoin through mutual funds paints a picture of a maturing market. Technically, Bitcoin might be facing short-term headwinds, but fundamentally, these developments suggest a robust future. Investors should watch for how these factors play out in terms of price stability, regulatory responses, and further institutional involvement. The narrative around Bitcoin continues to evolve from a digital currency to a recognized financial instrument in both corporate and national strategies.
BTC - Will Bitcoin Hold or Fold?Bitcoin has enjoyed a bullish 2024, reaching an all-time high (ATH) of 108K. However, the recent price action indicates a shift in momentum, with the market entering a phase of consolidation and correction. For the past 40 days, BTC has ranged between 90K and 108K, with the critical psychological level of 100K now acting as resistance. The structure of an ABC corrective pattern following a 5-wave downward impulse suggests the market is transitioning into a short-term bearish phase.
Key Levels and Patterns:
1.) Head and Shoulders Pattern:
A bearish Head and Shoulders pattern has formed, with 90K serving as the neckline.
Once 90K is broken with significant volume, it will confirm the pattern, potentially accelerating the move downward.
The target for this pattern aligns closely with the previously identified support zone at 84K–80K.
2.) Resistance at 100K:
The psychological barrier of 100K has flipped to resistance, making it a critical level for bulls to reclaim.
A sustained break above 100K with strong volume would indicate a possible trend reversal.
3.) Support Zone (84K to 80K):
Multiple confluences align between 84K and 80K:
Fibonacci Retracement (0.618): The 0.618 retracement level from the recent impulse low to the ATH is at $82,694.88.
Trend-Based Fibonacci Extension: The 1:1 extension of the ABC correction points to 84K.
Anchored VWAP: Calculated from the significant low at 52.5K, the anchored VWAP aligns near 81K.
Fibonacci Speed Fan: The 0.618 speed fan from 52.5K to the ATH intersects around 80K, reinforcing this support zone.
4.) Liquidity Below 90K:
The current range-bound movement has likely trapped many long positions above 100K, creating significant liquidity below 90K.
A breakdown below 90K could trigger a liquidity sweep, driving prices rapidly toward the support zone at 84K–80K.
Current Market Dynamics:
Volume Analysis: Decreasing volume within the range highlights weakening bullish momentum. Confirmation of support at lower levels will require a substantial increase in buying volume.
Bearish Momentum: The head and shoulders pattern, coupled with the ABC correction, signals bearish momentum that may persist into early to mid-January 2025.
Neckline Support at 90K: A break below 90K would confirm the head and shoulders pattern, acting as a catalyst for further downside.
Next Steps and Outlook:
Short-Term Bearish Bias: Bitcoin is expected to continue its downward correction, with the head and shoulders neckline at 90K serving as a key pivot point. A confirmed break would likely drive BTC to the 84K–80K support zone.
Long Opportunity at Support: Should BTC reach the identified support zone, it presents a high-probability long setup. Entry should be contingent on confirmation through:
Increased buying volume.
Bullish candlestick patterns (e.g., hammer, engulfing).
Alignment with key moving averages and other technical indicators.
Mid-Term Recovery Potential: After the correction, Bitcoin may resume its bullish trajectory. Key factors to monitor include:
Reclaiming 100K as support.
Overall market sentiment and macroeconomic conditions.
ETH/BTC - Once in a lifetime opportunity#ETH/BTC #Analysis
Description
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+ ETH/BTC pattern looks exactly like the pattern we have seen before 2021 bull run.
+ There is some serious is consolidation that we have seen over the years and price is expecting to be bounced back any time now.
+ I'm expecting the price to move in a pattern which matches with 2020 ETH/BTC pattern.
+ I'm entering some position now to increase my BTC balance.
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Enhance, Trade, Grow
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