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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
COINBASE:BTCUSDLong
by ZelfTrade
1
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.
BITSTAMP:BTCUSD
by vagada
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 :)
by LisaNEdwards
2
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.
COINBASE:BTCUSDLong
by DEXWireNews
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.
Short
by SiDec
ETH/BTC - Once in a lifetime opportunity#ETH/BTC #Analysis Description --------------------------------------------------------------- + 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. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- 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
Long
by VectorAlgo
2
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.
by BIGonTRADING
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! 👍
by CRYPTONIC_trend
DAY 5 - Daily BTC Update Merry Christmas!Yesterday's Update 🎄 Merry Christmas, TradingView Fam! 🎄 The BTC bulls are delivering a gift this holiday season 🎁! After a strong bounce, Bitcoin is eyeing $100K today, setting the stage for a spectacular Christmas Day rally. Here’s the roadmap: 🎯 First Pivot: $100,800 🎯 Second Pivot: $105,720 Breaking through these levels will set BTC on Pathway 1, as outlined yesterday, and reinforce the bullish momentum. 🚀 (Although not breaking the first pivot could see Pathway 2) Santa seems to have packed his bag with a Bitcoin rocket this year! 🌕 Wishing you all a magical Christmas!💫 See you all tomorrow! <3
by LisaNEdwards
8
Bitcoin Roadmap==>>Short-termBitcoin ( BINANCE:BTCUSDT ) is moving near the Support zone ($95,000-$90,870) and 50_SMA(Daily) , also Bitcoin managed to break the Descending Channel . Although the main Ascending Channel has been broken in the above time frame , I still expect the pullback to the main ascending channel to continue. Regarding Elliott wave theory , Bitcoin seems to be completing microwave Y of the main wave 4 . I expect Bitcoin to rise to at least the 🎯Targets🎯 I have specified on the chart . ⚠️Note: If Bitcoin breaks below the Support zone($95,000-$93,500), there is a high probability that Bitcoin will go below $90,000.⚠️ 🙏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.
Long
by pejman_zwin
47
LPTUSDT Ecpecting 30%+ Gain LPTUSDT, currently trading at $18. Analysts predict a target price of $26, indicating a potential gain of over 30%. This forecast is based on the coin's price movement, which is following a support and resistance pattern. Specifically, the price is bouncing off the support level, suggesting a potential upward trend. Investors may consider buying LPTUSDT at its current price, with the goal of selling at the target price to realize the predicted gain. To manage risk, a stop-loss order can be set below the support level. Overall, the investment strategy for LPTUSDT carries a medium to high level of risk.
Long
by CryptoWithJames
BTC enters the parabolic stage of the bullmarketPredicting the tops and bottoms of Bitcoin - in a macro sense - is not that easy. But some indicators can give us a clue or kind of sense of caution warning when to exit or enter the market. One of them is the "MVRV Z" indicator. It is a chart indicator that uses blockchain analysis to identify periods where BTC is extremely over or undervalued relative to its "fair value". Historically it has been very effective in identifying periods where market value is moving unusually high above realised value. It also shows when market value is far below realised value, highlighted by the green lines. Buying Bitcoin during these periods has historically produced outsized returns. This chart indicator is generally useful for predicting Bitcoin price at the extremes of market conditions. It is able to forecast where price may need to pull back when the score enters the upper red hot periods and also when price may rally after spending time in the lower green band. Historically it has picked major Bitcoin price highs to within 2 weeks. So far BTC has done a great job holding in the middle value band. It's in the stage of taking the next leap breaking out of it to the upside completing the bullmarket, also referring to past historical breakouts which happenend in similar fashion after a long lasting bearmarket.
INDEX:BTCUSDLong
by PizzaDriver
BITCOIN In Coming Days!As I mentioned in previous analyses, Bitcoin finally broke the wedge and the price turned bearish. However, now if the price can break the 0.618 Fibonacci line, it can rise up to 107k dollars. previous analyses Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1