BITCOIN IS THE KING. TECHNICAL ANALYSIS + TRADE PLAN!Falling Wedge Pattern: This pattern is a bullish reversal pattern typically seen in downtrends. It indicates that while the price is making lower highs and lower lows, the contraction of the wedge suggests weakening bearish momentum and a potential breakout to the upside.
Rectangle Trading Pattern: This is a continuation pattern where the price oscillates between parallel support and resistance levels. A breakout from this range generally indicates the direction of the next significant move.
In the provided chart, it appears Bitcoin is oscillating between a support and resistance line, forming a potential rectangle trading pattern. However, the falling wedge (marked with blue trend lines) is key to understanding a possible breakout scenario.
Indicators Analysis:
VMC Cipher B Divergences (Bottom Panel): This indicator suggests possible bullish divergences, where price makes lower lows but the indicator fails to follow, signaling potential upward momentum.
RSI (14 Close): RSI shows moderate momentum, not yet oversold or overbought, providing room for either direction but with a bias towards a potential bullish push considering the context.
Stochastic Oscillator: Currently in a neutral position but showing signs of turning upward, suggesting a near-term buying opportunity if the indicator crosses bullishly.
HMA+ Histogram: Displays a mixed sentiment, with red bars indicating bearishness, but a possible reversal to green (bullish momentum) could be forming soon.
Key Price Levels:
Support: The critical support level at around $63,800, visible on the chart, could serve as a strong buy zone if Bitcoin retraces.
Resistance: The rectangle’s upper boundary at approximately $72,000 - $75,000 is the key resistance level to break for a confirmed bullish trend continuation.
Potential Breakout:
The price action is currently at the upper limit of the wedge pattern, suggesting that a breakout is imminent. A bullish breakout could lead to a rally, potentially targeting the next psychological resistance around $80,000.
A bearish breakdown from the current wedge could retest lower support levels at $63,800 or even lower toward $60,000 in extreme cases.
Timing and Momentum:
The presence of the clock and plane icons in the chart might suggest an expectation of a sharp move in the near future, likely pointing towards increased volatility.
Time-sensitive action is expected soon, with a bias towards the upside given the current price position within the wedge and rectangle.
Trading Plan:
Entry Strategy
Bullish Scenario:
Buy Zone 1: Enter long on a confirmed breakout above $72,000, targeting $75,000 - $80,000.
Buy Zone 2: Alternatively, buy the dip near $63,800 (key support), if the price retraces, with a tight stop loss below $62,000.
Bearish Scenario:
If the price breaks below $63,800, short positions could be considered with a target near $60,000, assuming no bullish reversal occurs.
Exit Strategy
Take Profit Levels:
For long positions, scale out at $72,000, $75,000, and $80,000.
For short positions, take profits in the $60,000 - $63,000 range.
Risk Management:
Set a stop loss just below key support levels (for long positions), such as $63,000, to limit downside risk.
For short positions, place a stop loss above $72,000, in case of a sudden bullish breakout.
Trade Duration:
Given the contracting wedge and the signals from the indicators, the trade could last from a few days to a couple of weeks, with high volatility expected soon.
Maximize profit opportunities in either direction while minimizing risk. Keep in mind to continuously monitor volume and volatility levels, as they could be decisive for breakout confirmation.
Btc-bitcoin
BTC flush plan: Scampendemic BTC long-term plan
I call this a scampendemic pattern chart.
Brought to you by BlackRock on a bigger scale.
Summary:
Short-term we have to test 62-63k then further move up until we break that 70k
The best scenario is that they cause euphoria on reaching a new ATH. So I assume around 78-79k peak, then the big flush correction starts. Also, from 31/10 to mid-November, we reach the blow-off phase in timing analysis. In this phase, we will see alts doing big pumps and BTC in the range of 70k zone with new ATH around 78-79k. Then, the crash starts on the
29K—36k zone, and then the super cycle starts.
Simple plan, yet no one will see this is coming.
HARMONY ONE TECHNICAL ANALYSIS AND TRADE PLANE BY BFTechnical Analysis (4-hour chart) + TRADE PLAN by BF
Pattern Identification:
Falling Wedge Formation: The price is moving inside a falling wedge, typically considered a bullish reversal pattern. The wedge has defined support and resistance lines converging as the price moves downward, indicating potential upcoming breakout to the upside.
Key Support and Resistance Levels:
Support Level: Around $0.01287, highlighted as a solid base where buyers have historically stepped in.
Resistance Level: Around $0.01528, marking a level where sellers may become more aggressive. This is a significant target if the wedge breaks to the upside.
Volume Analysis:
The volume seems to have been decreasing as the price has been moving within the wedge, which is common before a breakout. A surge in volume will be a strong confirmation of any potential breakout.
Indicators:
VMC Cipher_B Divergences: There are green dots visible at the bottom, indicating possible bullish divergences. These divergences suggest price momentum weakening on the downside, aligning with the falling wedge’s bullish potential.
RSL (Relative Strength Level): The current value is 38.54, below the neutral 50 mark, which indicates bearish momentum. However, it's near the oversold territory, and any uptick from here could support a reversal.
Stochastic RSI: At 5.65/8.79, indicating that the asset is in an oversold condition. This adds to the potential for a bullish reversal once the stochastic begins to turn upwards.
HMA+ Histogram: The current histogram shows a shift toward a neutral or slightly bullish sentiment. The transition from red to green would be a strong indicator to enter long positions.
Time and Potential Breakout Catalyst:
There is a clock icon indicating a potential timing window, which may suggest that the breakout could be imminent. The combination of indicators and the falling wedge pattern suggests that a bullish move could be expected soon.
Trading Plan:
Long Scenario:
Entry Point: A breakout above the wedge's resistance line and a confirmation above $0.01365 with a strong increase in volume.
First Target: $0.01528 (immediate resistance level). This would likely be a conservative target as it corresponds to previous highs and the upper boundary of the range.
Second Target: If the momentum continues strongly, the price could test the next level near $0.01600.
Stop Loss: Place a stop loss below the current support at around $0.01250, to limit downside risk in case of a false breakout.
Short Scenario (Alternative if Breakout Fails):
Entry Point: If price breaks down below $0.01287 and volume increases on the downside.
Target: Look for a decline towards $0.01200, which is a psychological round number and could act as support in a bearish scenario.
Stop Loss: Above $0.01350, as a recovery above this level could negate the bearish breakdown.
Risk Management:
Risk no more than 1-2% of your trading capital per trade.
Wait for clear confirmations such as volume spikes or candlestick pattern validation before entering trades.
Harmony (ONE) is showing signs of potential bullish reversal with the falling wedge pattern supported by multiple indicators pointing towards oversold conditions. However, waiting for a breakout confirmation is essential before entering long positions. Proper risk management and trade discipline should be applied to navigate potential volatility.
GOATSEUS MAXIMUS NO. 1 MEME COIN ATMTechnical Analysis + trade plan by Blaž Fabjan
Rising Wedge Pattern
A Rising Wedge is identified on the chart, which is typically a bearish reversal pattern in technical analysis. This indicates that the price could experience a short-term decline once the wedge breaks downwards, which is consistent with the message on the chart indicating a potential short-term decline.
Support and Resistance Levels
Support Level: $0.18047 (Key support zone where price could potentially rebound or consolidate).
Resistance Levels:
$0.58642: This level is a key point to watch for short-term profit-taking if the price rises.
$0.99652: Long-term potential target for new All-Time High (ATH) based on the pattern after the short-term decline.
Volume Analysis
The Volume (GOAT) is showing 909.922K, suggesting strong interest and participation at the current price range.
Volume needs to increase significantly to confirm any breakout from the wedge, either upward or downward.
Divergence (VMC B Divergences)
The chart shows the VMC B Divergences, indicating potential early signs of price reversal. Negative divergence here could indicate that momentum is weakening and aligns with the expectation of a short-term drop.
RSI and Stochastic RSI
RSI (14 period): 56.43 – This shows that the price is in a neutral zone, not overbought or oversold.
Stochastic RSI (14, 1, 3): 94.16 – Indicates that the price is in the overbought zone, which could signal a pullback soon, especially as it is above 80.
Hull Moving Average Histogram (HMA Hist)
HMA Hist: It’s slightly negative (-0.00315), which can indicate early bearish momentum, supporting the idea of a short-term price decline.
Trading Plan
Scenario 1: Short-Term Decline and Rebound (Rising Wedge Breakdown)
Entry:
If the price breaks below the rising wedge, consider entering a short position around $0.50-$0.52, aiming for a decline towards the support level of $0.18047.
Confirmation of the breakdown would be further decline in RSI below 50 and volume spikes on red candles.
Profit Target:
First profit target is around $0.18047 (support level), which offers a significant risk-to-reward ratio.
Stop-Loss:
Place a stop-loss just above the resistance at $0.58642 to limit potential losses in case of a sudden upward breakout.
Indicators to Watch:
Watch for a change in the RSI back towards 30-40 during the pullback, which could indicate oversold conditions and a potential reversal.
Scenario 2: Upward Breakout After Decline (ATH Target)
Entry:
After the expected decline, if the price finds support near $0.18047 and starts forming a bullish reversal pattern (like a double bottom or hammer candle), look to enter a long position.
Profit Target:
First target is $0.58642, and the second is $0.99652 for a potential new all-time high (ATH).
Stop-Loss:
For the long position, place a stop-loss just below $0.18047 to protect against further downside risk.
Indicators to Watch:
Watch for RSI moving above 50 again and a bullish crossover in Stochastic RSI to confirm the bullish momentum shift.
Risk Management
Risk per Trade: Limit risk to 1-2% of total trading capital.
Position Sizing: Adjust position size based on stop-loss distance and desired risk tolerance.
Summary
Short-Term View: Price could decline after breaking down from the rising wedge, aiming for the support at $0.18047.
Long-Term View: After the expected short-term decline, a bullish reversal could target a new ATH at $0.99652, provided volume and momentum confirm the breakout.
XAU/BTC - Gold and Bitcoin outlook for next 6 months ?GOLD & BITCOIN OUTLOOK
for the ppl saying that TVC:GOLD is outperforming CRYPTOCAP:BTC
Well... not really as you can see at a relatively big timeframe on this XAU/BTC chart
what is happening now ? well XAU had a rebound mid March, making a +66% pullback, it seems a lot but as you can see during august 2020 it felt 85% !
1. made it to the previous resistance quite hardly, first sign about the bearish approach that could arrive
2. we are now around , in fact around a very hot zone, 0.4 , if we go above, more chance to see bullish moves in this chart, meaning that Gold could go more up and/or Btc could go more down, its a weekly timeframe so, im talking about a 6 months move
BUT, I think XAU/BTC will not be able to pass that resistance and will in fact go big red candles till spring
3. if you look at what happened 4 years ago just copy paste it now, you should have a view of the next 5-6 months for both assets
Not saying that gold is gonna plummet and XAU/BTC will go -85% this time but it should bring it a bit down, as in august 2020 it was also going parabolic and went -20% in 6 months
so yes im expecting gold to go -20% during the 6 next months and of course BTC to go UPPPPPP
so if they're one thing to retain here, its that Gold seems now inversely linked to the 4 years BTC cycle ! And this is quite interesting because it means that BTC has a lot more power and influence than people think
Cheers & thx for reading
Bitcoin is bullish HTF, but short TF correction inevitable
BTC closed last week above July weekly swing close 🔥 Multiple RSI on Month TF also shows bullishness, similar to what it had on March 2023 (after that BTC started it's bull run for ~278%). This chart is bullish, so whatever I write about pullbacks/dips, remember - I mean short term price action that is for buying.
Bitcoin dips to 65500-66500 and bounce back fast should be taken as a fast bullish scenario. That would allow to add more to longs in both BTC and alts. The zone for potential wicks is around 63.5-64.5k - not sure how high are the chances for such a dip, but since it will surely bring panic to the market, it is absolutely possible.
BTCUSDT short using proprietary multi-timeframe trend detectionBTC has rejected the short term trend (13D EMA) yesterday and again today on the H1 time frame. For the coming hours it will be quite interesting to gauge wether we see a reclaim of the H1 200D EMA or not.
We've had a candle close below it and look to be targeting 65.5k - 64.7k in the short term. Would be a great zone to look for swing longs into new highs in my opinion.
Entry: 66874
SL: 68007
TP: 64736
Short term I'd like to see the H4 close back below 66k for relative confidence that this leg is well underway. Will look to move the SL into BE when that happens.
$BTC - Key Resistance at 68.3k Late shorters are getting squeezed!
We got a deviation at ltf range low and a buy/long signal (green arrow) from our vwap indicator.
Weekly Equilibrium (wEQ) 68.3k remains to be a key resistance.
If CRYPTOCAP:BTC can hold Monday Low (monL) 66.8k, I'm expecting a retest of 68.5k (wEQ)
Any rejection we get at this level, we could see a move down to 62k region (mPOC)
$BTC Closed Outside 250D Range - PREPARE 4 BLAST OFF14 days until the next Rate Cut, and the following day is the Presidential election 🇺🇸
CRYPTOCAP:BTC just closed its Weekly Chart outside a 250 Day accumulation range.
You’ll never see $60k Bitcoin again.
You should be FULLY deployed by now.
Spot Only.
NO LEVERAGE.
Don’t be a trader.
Sit on your hands the next 12 months and just follow the charts for indicators on when to sell and the TL for euphoria.
CRYPTOCAP:USDT.D should be your main focus on when to exit the market completely.
BTCUSD hit the 1hour MA200. New rally if it holds.Bitcoin / BTCUSD hit the 1hour MA200 on today's strong correction.
So far it is holding and is on the 5th candle in a row of support.
As long as it holds, it is a bullish signal and can give a rally similar to the last 1hour MA200 hold (October 13th) or the one before (October 10th).
The 1hour RSI also got oversold and is rebounding. It crossed above its MA, a bullish signal.
Buy and target 71000 (+6.70% at least).
Previous chart:
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ETHEREUM SHORT TO $786!I still remain bearish on ETHUSD. This bear market will be further supported by the U.S. elections as Donald Trump comes into power & artificially strengthens the U.S. Dollar, which'll in turn push down Crypto.
🔴5 Wave Bullish Move Complete.
🔴Wave A & B Correction Complete.
🔴Minor Wave 3 Of Major Wave C Correction Yet Pending.
BTC The State NowHere’s a quick market update with a timeline and trend analysis :
- As always, it’s as simple as checking the colors and trends in the graphic.
- We’re currently in a phase of solid consolidation.
- The bull run hasn’t started yet, but in time, BTC is expected to go parabolic, as it usually does.
- The current cycle is taking longer to play out.
- The differences between 2020 and 2024 corrections are clear. Back in 2020, BTC was still maturing, not widely accepted, and impacted by the Covid crisis.
- In 2023, BTC has gained more recognition with ETFs, attracted wealthy investors, and is evolving into a true store of value.
- For these reasons, TheKing may be retracing, but it’s doing so with power and resilience.
- Everyone wants a piece of the cake, which is why Bitcoin's price remains elevated.
Just HODL and you'll be rewarded in the long run.
Happy Tr4Ding
And from here WE PUMP!Total3, which tracks the market cap of all altcoins excluding BTC and ETH, is flashing strong signals that it's gearing up for another leg up within the next 1-3 days. Currently, the altcoin market cap is sitting at $625 billion, but projections indicate we could see it rise to $680 billion, adding an estimated $50-70 billion of fresh capital into the altcoin space.
This influx of capital could be a catalyst for significant price action across the board. Historically, when Total3 breaks to the upside, we see explosive moves in many altcoins. Smaller market cap coins could potentially surge 2-5x as liquidity flows into them, with traders seeking high-risk, high-reward opportunities. Meanwhile, larger altcoins and top-tier projects are likely to continue their upward trajectory, hitting key targets and executing their projected moves with ease.
For traders and investors, this upcoming wave could present a unique opportunity to ride the next big altcoin cycle. The altcoin market is poised for a boost, and understanding how to navigate this surge could be key to maximizing gains. Keep a close eye on price movements and be ready to act quickly as the market could move rapidly once the breakout occurs. This is a moment that could define the next phase of the bull cycle, with the potential for life-changing returns if timed correctly.
Be sure to manage your risk, follow your strategy, and stay updated as we approach this crucial moment in the altcoin market!
Getting Started with Forex Prop Trading: Intro Guide🔸Forex prop trading (short for foreign exchange proprietary trading) refers to a trading model where traders use capital provided by a proprietary trading firm to trade in the Forex (foreign exchange) market. Unlike traditional retail trading, where traders use their own funds, prop traders operate with the firm's capital, typically after passing a series of evaluations to prove their trading skills and risk management abilities. In return, the firm takes a percentage of the profits generated by the trader.
🆕 Here’s a more detailed look at how forex prop trading works and why it's appealing:
🔸 Access to Capital
Prop firms offer substantial capital to skilled traders, allowing them to trade with much larger account sizes than they might be able to on their own. For example, a trader might be funded with anywhere from $10,000 to $1,000,000 or more, depending on their experience and the firm's offerings.
🔸 Evaluation Process
Most prop firms require traders to pass an evaluation or assessment phase before providing access to live capital. This involves trading on a demo account and meeting specific performance metrics like profit targets, drawdown limits, and risk management rules. If the trader successfully passes this phase, they are then given access to a live account with the firm's capital.
🔸 Profit Sharing
Once a trader is funded, they enter into a profit-sharing agreement with the firm. Typically, the trader receives a percentage of the profits, often around 70-90%, while the firm keeps the rest as compensation for providing the capital and infrastructure. For example, if a trader makes $10,000 in profits and their profit split is 80/20, they would keep $8,000 while the firm takes $2,000.
🔸 Risk Management
Prop firms are very strict about risk management because they are providing their own capital. They impose limits on the maximum drawdown (the amount a trader can lose), daily loss limits, and leverage. If these rules are violated, traders risk losing their funded status.
🔸 Advantages for Traders
Low Financial Risk: Traders do not need to risk their own capital, reducing personal financial exposure.
No Pressure to Invest Large Sums: With access to firm capital, traders don’t need to save up large amounts to trade at higher levels.
Support and Resources: Many prop firms provide educational resources, trading platforms, and tools to help their traders succeed.
🔸Types of Prop Firms
Prop firms can generally be categorized into two types:
🔸Traditional Prop Firms: These firms often require traders to work in-office and provide access to a wide range of markets beyond Forex, including stocks, commodities, and derivatives. Online Prop Firms: The more popular model today, these firms operate remotely, allowing traders from around the world to participate.
🔸 Fees
Most prop firms charge traders an initial fee to cover the evaluation process. This fee can range from a few hundred to a couple of thousand dollars, depending on the account size. In many cases, this fee is refundable if the trader successfully completes the evaluation.
🔸 Challenges
Strict Rules: If traders fail to adhere to the firm's rules (such as daily loss limits or maximum drawdown), they can lose their funded account.
Pressure to Perform: Trading with someone else’s capital can create pressure, which can affect trading decisions and lead to mistakes if not handled well.
🔸Bot Algo Trading in Forex
Algorithmic trading (algo trading) involves using pre-programmed instructions (algorithms) that can automatically execute trades in the Forex market based on specific conditions. These conditions can be price, volume, time, or other market indicators. Algo trading has become increasingly popular in the Forex market due to its ability to:
▪️Execute trades at high speed without the need for human intervention.
▪️Remove emotional biases, which can often lead to poor decision-making in trading.
▪️Test and optimize strategies through backtesting on historical data to ensure effectiveness.
▪️Implement complex strategies that would be difficult for a human to execute manually.
🔸what is a Bot Algo Expert?
A bot algo expert is typically a professional who specializes in developing and optimizing trading algorithms (bots) for Forex markets. They possess skills in coding, often using languages like Python, MQL4/5 (MetaQuotes Language), and other programming languages tailored to financial markets.
🔸The expert focuses on building bots that can:
▪️Identify trading signals based on technical indicators (like moving averages, RSI, Bollinger Bands).
▪️Automatically execute trades when certain criteria are met (such as entering or exiting positions).
▪️Manage risk by setting stop-loss and take-profit orders to minimize potential losses.
▪️Optimize performance by regularly updating the algorithm based on market conditions.
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I see a bullish flag pattern in #BitcoinGet ready for a bullish rally in #Bitcoin (Weekly timeframe). Soon, this rally will start with the complete departure from the upper edge of the flag. The alligator indicator also shows us good conditions for buying this very important crypto. Buy some of this crypto every week.
BTC Diamond FormationMost everything is in the chart for now and anyone knows if BTC will push down 1 more time before a big rally or go up straight.
we can see that we could form a Diamond Figure (Pink) to 0.618fibo
i don't show indicators but i can say :
Monthly chart show clearly that we are still going down.
Weekly chart have indecision on indicators.
Daily chart have inverted indicators.
we have 3 clear resistances formed by EMAS to breakout :
EMA 50 ---- 7200
EMA 100 ---- 7600
EMA 200 ---- 8000
possibilities after breakout :
1. we could fly to 9000 (DIamond Finished + 0.618 FIBO )
2. we could fly to 8400
possibilities with Rejection :
3. we could retrace one more time to 3700 before a new push. ( Traditional Support )
My advice for now is to wait as spectator and wait for a dip or a breakout.
Happy Tr4Ding & Stay Safe !
BTC CME GAP- CME and cryptocurrency ETFs are important, but in different ways :
- The CME is more influential in terms of institutional trading, price discovery, and market structure, while ETFs play a crucial role in making cryptocurrencies accessible to a broader range of investors and driving market adoption.
- Don't focus on ETFs, they are still young and small in BTC/ETH market ( around 5% ).
- Chicago Mercantile Exchange are older.
- Wealthy investors are in BTC from 2017.
- This Gap have to be taken soon or later.
PS : the green line is EMA200
Happy Tr4Ding !
BTC TreysBTC to 33k for various reasons.
1. Since the beginning of Bitcoin, historical data shows BTC does yearly ATH and ATL's. What's interesting the pattern; every year since 2011 we have seen a correction of 60%-80% retracement from the ATH (followed by exponential gains) with the exception of 2024 which we have only seen a 20% retracement. 60-80% retracement for 2024 should put us at (BTC) 15k-30k.
2. Supreme Court grants US Government permission to sell (auction) 69k worth of BTC from Silk Road Case after legal win. Even if they do not sell, this will create a panic and fear and cause others to short therefore helping the price reach our target.
3. Monthly timeframe:
we can see ineverted head and shoulder pattern at the bottom between 2022 and 2024 never retested. This is the key to our target as it is slightly above the 60% retracement from last ATH.
BTC falling is also supported by the rejection/resistance on the Monthly supply zone which never broke and actually held pretty well.
Pattern wise I can see a double top pretty much formed, closing above neckline and retesting the high (bull trap) so in my books this is ready for a sell.
Candle wise we had a bearish engulfing followed by the retest of the high I just spoke about. However price failed to close above; still bearish.
4. Weekly timeframe:
Pattern - clear bearish pattern anyway you want to look at it; triple top, head and shoulder or double top.
Candle - beautiful price action, same as monthly with a bearish engulfing and retest of the high eventually closing under the neckline of bearish engulfing pattern.
SPOILER:
Bitcoin Roadmap!!!==>>Falling!!!Bitcoin ( BINANCE:BTCUSDT )is currently hovering near the Resistance zone($70,080-$68,250) , Potential Reversal Zone(PRZ) , the Upper line of the Ascending Channel , and Important Resistance lines(Bitcoin is attacking important resistance lines for the fifth time.) .
According to Elliott's wave theory, Bitcoin seems to be completing the main wave 5 . The structure of the main wave 5 can be Ending Diagonal .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect Bitcoin to fail again on the 5th attack to the important resistance lines , and to break the lower line of the descending channel and decline to at least the first target on my chart. We should expect more Bitcoin dumps if Bitcoin loses the Support zone($66,500-$64,480) .
⚠️Note: Tension between Iran and Israel could increase in the coming days, causing a sharp drop in Bitcoin.⚠️
⚠️Note: Open interest in futures markets has reached its highest level in 2024, while Volume Trading has decreased.⚠️
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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