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BTC-D

Bitcoin: 100K Psych Barrier To Low 90s?Bitcoin 99,860: missed 100K by less than 200 points so far (on Coinbase). 100K is going to most likely serve as a psychological barrier which should be considered when evaluating RISK. My previous week's scenario failed to play out because the momentum from the election results is still driving order flow. Price has YET to REALLY exhibit a healthy retrace (while maintaining overall strength). The purpose of these weekly observations is NOT to forecast the future, but instead to identify the RISK and evaluate a higher probability scenario to anticipate. From there Bitcoin either delivers the attractive scenario or it does NOT. I don't control the market, I control RISK. The arrow on the chart points to the bearish inside bar that has established a new leg of bearish momentum. Realize that this retrace has not violated any major supports and can reverse at any moment. It is also important to realize that IF this retrace persists, the 95K to 92K area is the NEXT support. IF that is cleared this week, that will open the possibility of retesting the 85 to 82K support. Such a retrace can take a week or two to unfold, all while the broader bullish structure would still be intact. I don't have the wave counts on this chart, but from a quick glance, the recent surge appears to be a Wave 3 of a broader 5. This is inline with a greater chance of retrace (Wave 4), even if its minor before one more test of high which can test or break the 100K level at least briefly. Once a broad Wave 5 is complete, the chances of a sustained corrective cycle increase. Such a move can take a year or more to complete. This is a tendency, NOT a forecast and I don't bet on wave counts or structures, I bet on CONFIRMATIONS. A key point to take away from this is: I look to gauge risk and evaluate how a situation can be capitalized on. I will always highlight ELEVATED risk at highs, especially all time highs when it comes to investing or swing trades. Make no mistake, I am not bearish, I am simply cautious. Low risk high probability opportunities are RARE and also relevant to the time horizon of choice. If you can't handle the possibility of Bitcoin retracing 10 to 15K points, you either need to adjust your position size or avoid altogether and wait until a higher quality opportunity appears. My decision making process and strategies are based on typical repetitive behaviors that I have observed over years of playing this game. Outliers look glamorous BUT they cultivate bad habits. You may win this time because you bought at 95K, but over time, that same rational will cost you. Even if you leave some money on the table, it is cheaper to learn this lesson from me than it is to learn it from the market. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
28
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. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ENJUSDT
Long
by alikze
4
$BTC Analysis update: What's Next ?** CRYPTOCAP:BTC Analysis: What's Next?** As you can see, CRYPTOCAP:BTC has completed its previous consolidation phase, which lasted six months. The recent *Trump election pump* coincided with the end of that phase, leading to a new, massive parabolic rally. However, signs are emerging that the market is overheating: - **RSI**: Indicates overbought conditions, suggesting a correction is due. - **MACD**: Overheated and also signaling an impending correction. On a **weekly timeframe**, history tells us that similar situations have resulted in sideways movement for about six months, with a 30–40% downside, before the next major rally begins. --- ### Will This Trigger an Altseason? Most likely, yes. During these cooling-off periods, investors often turn their attention to altcoins, which tend to be more active and engaging during such times. --- ### MACD Insights By counting the bars on the MACD, it looks like we might have **two more weeks of upward movement** before an EMA crossover signals the start of consolidation. --- ### Looking Ahead The next major pump could occur around **May**. Let’s see how this unfolds. **Remember:** Do Your Own Research (DYOR).
Short
by CryptoNikkoid
6
BTCUSDT: Predicting Movements with Advanced Indicators - Bitcoin◳◱ On the $BTC/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 95342.42 | 100828.84 | 113878.47 and support near 82292.79 | 74729.58 | 61679.95. Entering trades at 96291.99 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Bitcoin ▣ Rank: 1 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Kraken ▣ Category/Sector: Payments - Currencies ▣ Overview: Bitcoin is the first distributed consensus-based, censorship-resistant, permissionless, peer-to-peer payment settlement network with a provably scarce, programmable, native currency. Bitcoin (BTC), the native asset of the Bitcoin blockchain, is the world's first digital currency without a central bank or administrator. The Bitcoin network is an emergent decentralized monetary institution that exists through the interplay between full nodes, miners, and developers. It is set by a social contract that is created and opted into by the users of the network and hardened through game theory and cryptography. Bitcoin is the first, oldest, and largest cryptocurrency in the world. ◰◲ Technical Metrics : ▣ Mrkt Price: 96291.99 ₮ ▣ 24HVol: 2,814,665,178.233 ₮ ▣ 24H Chng: -1.146% ▣ 7-Days Chng: 7.07% ▣ 1-Month Chng: 41.60% ▣ 3-Months Chng: 49.76% ◲◰ Pivot Points - Levels : ◥ Resistance: 95342.42 | 100828.84 | 113878.47 ◢ Support: 82292.79 | 74729.58 | 61679.95 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: SELL ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: 7.09 ▣ Last 90D: 3.46 ▣ Last 1-Y: 1.92 ▣ Last 3-Y: 0.57 ◲◰ Volatility : ▣ Last 30D: 0.59 ▣ Last 90D: 0.48 ▣ Last 1-Y: 0.53 ▣ Last 3-Y: 0.55 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth BTCUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
Bitcoin : A Classic Trendline Play in ActionA pullback is anticipated next week due to technical factors that suggest a period of consolidation or correction. First, the 4H 50 EMA (Exponential Moving Average) is heavily overextended, indicating that the price has moved too far, too fast, away from its mean. In such scenarios, market behavior often drives prices back towards the EMA to realign with the average, creating a contraction phase. This overextension highlights that the market may be entering a temporary overbought condition, increasing the probability of a short-term reversal or slowdown. Additionally, this setup aligns with a classic trendline dynamic. Prices have shown a slow and steady climb through the trendline, followed by a sharp upward leg, which typically signifies an overreaction or a climax move. Following such moves, it’s common for prices to retrace and test the trendline from above, acting as a support level. This behavior reflects the natural ebb and flow of markets, where breakout levels often need to be confirmed by a retest before the trend can sustainably continue.
by TheCryptoCity
Sideways are the point of interest until around December 3rd Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The Fibonacci ratio on the left was drawn in the first rising wave. Therefore, I think it is highly likely that it will sideways around 3.618 (98841.11). I think this sideways movement is likely to continue until around December 3rd during the next volatility period. If it continues to rise, it is expected to touch around 1.902 (101784.54) ~ 2 (106178.85). - (BTC.D 1M chart) If BTC dominance rises above 62.47, I think a market where only BTC rises could be created. Therefore, whether it can fall is the key. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you to decide how to view and respond to this. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 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 -----------------
by readCrypto
BTC Long Term OutlookLooks pretty straight forward for me. Another bull run in horizon. Below are my reasons for this belief: Fundamentals - Next halving is coming in just over a year - May 2, 2024 - There were a few black swan events in the past year and price of btc managed to keep very strong still. - The black swan events occurred due to human fault, and the trust in the traditional systems are broken. People are realizing slowly that crypto is actually much more secure and people friendly compared to the centralised traditional systems. - Price of everything has risen in the past year to all time highs; houses, cars, lands, even groceries. Inflation is real. And to be able to hedge against inflation you need to but assets which are scarce by design - Bitcoin and Ethereum. (I expect Ethereum to be better in terms of hedge against inflation in the long term tbh - due to the new token economics after the merge) On-Chain Data - On-chain data shows the wallet addresses with equal or more than 0.1 btc balance and 1 btc balance are at an all time high. - Address with equal or more than 1000 btc are at Sep 2019 levels, I take this positively as there are 440 less whales to dump their btc - all time high on this data was on Feb-March 2021 which is the first top of the 2021 run. We can easily see that a lot of whales decided to sell out and probably triggered the bear run down. People have been accumulating and it shows by the amount of smaller addresses (retail) popping up and hitting all time high. Indicators ACMF (money flow) - still under 0, which is ok considering we are in a bear market. On the weekly chart it shows the only times we have had this low was close to the bottom of the cycles. TLL RSI - One of the longest oversold stays on this indicator. I expect this indicator to make a move up soon and that will be one of our serious que in the short-medium term to validate this idea. Hope you enjoyed it, if you did, please boost and comment what you think about it. Thanks
BNC:BLXLong
by TheAlchemist888
1
BTC - Thank Me Later!Hello TradingView Family / Fellow Traders. This is Richard. 🗒 Do you remember this post from 2023? As mentioned back then, BTC was forming Pattern 4, which was activated after breaking above the falling green channel, leading to a surge of over 200%. So, according to the educational post, where are we now⁉️ 🔑A falling correction after a bullish impulse signals what? That’s right — we are now in the process of forming Pattern 1. For this pattern to be activated and the bullish continuation phase to begin, we need a weekly candle close above $70,000. Of course, in the meantime, as long as BTC is trading within the falling channel, it can still retest the lower bound before activating the phase. ❗️N.B. Always remember, nothing moves in a straight line, so we might see a correction (in the form of a higher low) along the way. 📉 Which scenario do you think is more likely to happen, and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! 🗒 All strategies are good, if managed properly! ~Rich
by TheSignalyst
55
Bitcoin: Is the Psychological Barrier of $100,000 Within Reach?Bitcoin: Is the Psychological Barrier of $100,000 Within Reach? Bitcoin continues its impressive rally toward the psychological barrier of $100,000, driven by both fundamental and psychological factors. The rise in its value is supported by growing adoption, institutional investments, positive market sentiment, and key developments within the cryptocurrency ecosystem. Adoption and Acceptance Bitcoin’s growing acceptance by businesses, financial institutions, and individual users is increasing its utility and value. As more entities begin to accept bitcoin as a form of payment, demand naturally rises, solidifying its position as a viable medium of exchange. Institutional Investments One of the primary drivers of bitcoin’s growth is the involvement of large institutional investors such as hedge funds, investment firms, and corporations. Their entry into the market significantly boosts liquidity and builds confidence in the cryptocurrency, attracting smaller retail investors in the process. Planned Regulatory Changes and Strategic Reserves Future President Donald Trump’s proposals to establish strategic reserves in bitcoin and introduce cryptocurrency-friendly regulations could be game-changing for the market. Such measures are likely to attract new market participants, driving demand and increasing bitcoin’s value. Media and Market Sentiment Positive media coverage, endorsements from influential figures, and expert analyses play a crucial role in shaping market sentiment. Media narratives have a substantial impact on perception and can amplify investor interest, fueling price increases. Technological Improvements Advancements in blockchain technology and updates to the bitcoin network are improving its efficiency, security, and scalability. These innovations make bitcoin more appealing as an investment asset, contributing to its rising value. Macroeconomic Factors Global economic uncertainty, inflation, and the weakening of traditional fiat currencies are pushing investors toward alternative assets. Often referred to as “digital gold,” bitcoin is increasingly viewed as a hedge against currency devaluation and a reliable store of value. The 2024 Halving This year, bitcoin underwent another halving – the process that reduces the reward for mining new blocks by half. This reduction in new supply, coupled with sustained or growing demand, has historically led to price increases, and the current cycle appears to be following a similar trajectory. Infrastructure Growth and ETFs The cryptocurrency market’s infrastructure is rapidly evolving, making bitcoin more accessible than ever. The growth of exchanges, cryptocurrency wallets, and inflows into bitcoin-based ETFs are driving demand and strengthening the market. Seasonality and an Unstoppable Trend Seasonality is also working in bitcoin’s favor. Historically, the final months of the year often see strong performance in the cryptocurrency market. The current upward trend seems difficult to halt, and breaking through the $100,000 level appears to be only a matter of time. Conclusion Bitcoin remains one of the most dynamic assets on the market, drawing interest from institutional and retail investors alike. The combination of fundamental, technological, and macroeconomic factors suggests that the rally toward $100,000 could not only materialize but also set the stage for further gains. Will bitcoin surpass this symbolic threshold, or are there still hurdles ahead? Share your thoughts in the comments.
Long
by InvestMate
1
Btc currently retesting top trendline of rising wedge/pennantIt now has 3 consecutive candles above the rising wedge on the daily chart. Should the retest maintain support the breakout target for the entire pennant is 117k. Should the top trendline of the wedge lose support the wedge could still potentially breakdown, in which case we could then see bitcoin correct further to try and fill this gap on the CME BItcon futures chart before resuming the uptrend —-> For now probability favors the break upward until we lose the top trendline of the wedge/pennant as support. Jim Cramer announcing he’s bullish on bitcoin could easily cause enough downside to change that probability though. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Bitcoin’s CME futures gap gives a clue for the 1st big correctonAnytime you see a gap in price action like this they almost always get filled, and typically get filled sooner than later. So while there is a chance bitcoin could turn the current mild retracement into a deeper pullback that goes down to fill this gap, until the current support on btc is broken, which is the top trendline of the rising wedge it now currently has 3 consecutive daily candles above(not shown here), I think it’s more probable that bitcoin waits for a much more powerful resistance line that results in a much stronger rejection before it corrects back down far enough to fill this gap. If the current pullback doesn’t lead to the gap fill then my guess is once we retest the top green trendline of this group of channels: That this would be the perfect time to have our first significant correction of the current parabolic phase of the bull market. I will be prepared for either zone to have a chance to fill that gap and plan accordingly, Also a few measured move targets around the 115 - 116k range so a pullback could potentially occur around that zone as well. *not financial advice*
CME:BTC1!
by DrDovetail
LINK Breaks Macro Downtrend, How High Could This Bad Boy Go?*Opinion*: Out of all the cyrptocurrencies, I have long been a believer in Chainlink's fundamental potential in regards to it's utility. It has been one of the most manipulated and suppressed assets, and I believe it is criminally undervalued. The real kicker here is not just WHAT it does, but WHOM it helps. Big banks control the world and LINK helps big banks connect to the digital future of finance. Big fundamental play here.
Long
by rickycarlisle
1