Btc-e
Bitcoin’s Bullish Path to New Highs / Targeting $100K📈 The overall trend for BTC on the weekly timeframe is strongly bullish, with the asset approaching a potential new all-time high (ATH ).
👉🏼 Bitcoin is currently showing upward momentum and appears to be targeting the $93,000 level, which acts as a short-term dynamic resistance.
❌ Key Resistance and Pullback Zone:
The resistance around $93,000 could trigger a temporary pullback. In the event of a reaction at this level, BTC might correct towards the support range of $85,000 to $82,000 before resuming its bullish trajectory.
✅ This pullback, if completed, would potentially set up the next bullish leg towards higher targets around $100,000 to $105,000.
🔍 Altcoins Outlook: Given the bullish sentiment in Bitcoin, there’s an expectation of altcoin price increases over the next one to two months. During pullbacks, entering long positions on altcoins may be beneficial as they are likely to follow Bitcoin's bullish momentum.
Note: This analysis is provided for informational purposes only and should not be construed as a buy or sell signal.
MA OSCILLATOR RISK METRIC | CYCLE 4 ATH UPDATE The MA OSCILLATOR RISK METRIC is an excellent custom indicator developed to help investors to DCA in and out of underbought / overheated periods of the market. Applying principals with BTC's CYCLE 4 current progress if BTC remains within historic trends then this also supports the time periods discuss in the below post.
SMA Golden Ratio | CYCLE 4 ATH UpdateIn accordance with historical behavior, BTCs ATH each cycle has corresponded with the next SMA line down (following a multiplication factor of the Fibonacci sequence). As observed in CYCLE 3, BTC tag the BLUE line putting in the Technical High of this cycle meaning CYCLE 4 should tag the Yellow line if History is to repeat. The Second and ATH top of CYCLE 3 tag two lines down hitting the gray line.
We can see BTC has already tag the Yellow line when BTC tage ~73K USD. Looking at CYCLE 3, BTC played with the BLUE line multiple times before settling with the top. Considering this in CYCLE 4 BTC may make another attempt at intercepting the Yellow line again depending no how parabolic BTC will be over the AUS summer period will land the price in the zones discussed in the below post.
BTC in CYCLE 4 may also contact the gray line and in this scenario most tops out around the 100K region December 2024 / January 2025.
Phemex Analysis #34: BTC Rise Pass $90k, is $100k Coming Next?Today, Bitcoin has embarked on a remarkable journey, soaring past the $90,000 mark. This audacious climb has ignited speculation about its next destination: the coveted $100,000 milestone. As the digital asset continues its upward trajectory, several scenarios may unfold in the days to come.
1. A Bullish Future:
A successful breach of the $100,000 resistance level could unleash a wave of bullish momentum, propelling Bitcoin to even greater heights. Strong buying pressure and positive market sentiment, coupled with favorable macroeconomic conditions and increased institutional adoption, could further solidify Bitcoin's position as a valuable asset.
2. A Temporary Pause:
However, it's possible that Bitcoin may encounter resistance at the $100,000 level, leading to a period of consolidation or even a temporary pullback. Profit-taking by investors who have realized significant gains could contribute to a short-term decline. For those looking to accumulate more Bitcoin, support levels like $80,000 or $75,600 could present buying opportunities.
3. A Bearish Turn:
In a more bearish scenario, Bitcoin could face strong resistance at the $100,000 level, resulting in a price rejection. Negative news, such as unfavorable regulatory developments or macroeconomic headwinds, could exacerbate the downward pressure. Additionally, a 1D RSI divergence could signal a potential price correction towards the $80,000 or $75,600 support levels.
Conclusion:
The current market sentiment is overwhelmingly bullish, with many anticipating Bitcoin to reach $100,000. While this potential exists, it's crucial to approach the market with caution and implement sound risk management strategies. At Phemex, we advise traders to conduct thorough research and prioritize long-term gains over short-term profits.
Tips:
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Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
BUY / SELL INDICATOR| CYCLE 4 ATH UpdateAssuming we reach the Light Red line again of the BUY / SELL indicator, as per our analysis in the below post this could suggest an ATH for CYCLE 4 could land in the 117K to 157K region.
It is noted while it was the second top in CYCLE 3; our purple line met / crossed but did not exceed past our orange signal line materially (see red arrow above). This marked the second and ATH of Cycle 3. We are approaching this scenario with the orange and purple line as we approach the mid 90K region (see cross and second red arrow above). Worth tracking on your radar.
Again if we continued on as we have with prior cycles and reach either or both the Red Lines of the BUY / SELL indicator we would be expecting a very parabolic period ahead.
CYCLE PIVOT INDICATOR - CTI (Cycle Top Indicator) Cycle 4 UpdateAssuming the CTI (Cycle Top Indicator) again holds true in estimating in real time the potential top for Cycle 4 ATH, as per our analysis in the below post we would be expecting a very parabolic period ahead to land in the discussed cycle ATH zones.
Bitcoin TSI DivergenceNoticed something this morning that there is bullish divergence on the 1W BTC chart.
This bullish divergence has happened a few times over the last few years and is followed by a bullish cross on TSI which has always resulted in significant upside.
Possible we see some movement to the upside over the next few weeks?
CYCLE 4 ATH Mapping DETAILED - Price Levels & Time Frame AnalysiAs we now have confirmation of the election result and following our assumption this will lead to seasonal trends of a Santa rally for stocks and bonds as we close out the year, it is now worth mapping this scenario in more detail.
This post looks at CYCLE 4 and maps where this cycle All Time High (ATH) may reach and when, base on historic Indicator behavior / Price Action / Measured Moves / Fib Extensions & Historical Past Cycle Lengths. Assuming BTC continues similar cyclic behavior to prior cycles.
Please explore the below post interactively (which captures all discussed items) to review measured periods and to understand where items have come from with reference to this post.
Historical Cycle Lengths
Measuring from the Bottom to the top of each past cycle recorded the approx. number of days
* Cycle 1 Bottom to ATH Top = ~ 742 Days
* Cycle 2 & 3 Bottom to ATH Top = ~ 1,064 Days (For both Cycles)
* Cycle 3 Bottom to 1st (Technical High - TH) Top = ~ 854 Days
Plotting these on the chart (see blue dashed horizontal lines) it would be historically possible to see CYCLE 4 ATH land between December 2nd 2024 to March 24th 2025, and historically more likely between March 24th 2025 and October 20th 2024. It is noted the trend that cycles are increasing in length (particularly when measuring from ATH to ATH of previous and current cycles).
The suggest time frames currently look reasonable, considering our Cycle Pivot Indictor (CPI), risk indicator, other charts we like to review for ATHs and current projected trend line channels etc.
Fib Extensions
Following analysis looks at the Fib Extensions from prior cycle top to current cycle bottom to estimate current cycle top. Please review the embedded post above if you are unsure how these have been calculated.
* Cycle 2 ATH ($19,666) ~ reached just shy of golden pocket ratio of 2.618 ($20,382)
* Cycle 3 TH ($64,895) & ATH ($69,000) ~ reached just above of golden pocket ratio of 1.618 - 1.65 ($61,327 - $65,047 respectively).
If BTC hits the 1.618 golden pocket ratio extension again in Cycle 4, this would result in an ATH of $157,362. Measured moves suggest reaching these levels are possible, however they are considered the more bullish view of market possibilities at this point in time. It is noted the entire sequence drop in fib ratios from Cycle 2 to Cycle 3. While repeating this again would not make sense for this cycle, if we continue to half the difference for Cycle 4 we fall in the region of the 1.272 ($95,835) and 1.414 ($117,467) fib ratio regions.
My current take on this analysis would be if BTC does exceed the 100K region, 117K may be a good target to look towards (just shy of the nice round number of 120K people could be targeting). If BTC struggles to make 100K then 95K might be the point where BTC has trouble....
Indictors
* RSI - based on above, RSI on the weekly has just approached back into our uptrend region and heading into the overbought zone which it can stay for some time during the bull run period of the cycle. I would be looking to make sure BTC does not put in lower highs in the RSI as bearish divergences in this region in the past has formed in the making of Prior Cycles ATHs. Currently the RSI looks to have consolidated enough over the March - October 2024 period to make a decent run at finishing off the bull period in Cycle 4 (it has done what we wanted from an investor point of view).
* Modified Osilator Wave Trend - similar analysis to the RSI is observed with historic behavior in this indicator. Note historically this indicator can run in the overbought region for some time during bull runs and establishing ATHs
* MA OSCILLATOR Risk Profile Indicator - This indicator is at the right historically to suggest we are in the start of the exponential period of the bull run (after a pullback consolidation post the halving period). ATHs in cycles have been reached during 'Red Zone' price extension periods of my custom indicator.
Hope the above makes sense. I intent to follow this up with some simpler analysis of other indicators.
$BTC Resistance areas to watch CRYPTOCAP:BTC #BTC $88,674 resistance testing, looking absolutely amazing on 1D with a beautiful follow up to previous bullish close yesterday! Current support around $86,305 area, but untested yet. $84,221 should be key support - let's see. Next estimated resistance areas to watch could be $91,357, $95,878, $97,780, $100,334, $103,093, $107,461, & $112,255. #Bitcoin will surely look good in 6 figures, more ATH(s) to come!
Is the ADABTC bottom in?Here are a couple potential ADAUSD prices if it can reach the ≈0.00006 level of the prior two bull runs.
150k BTC = $9 ADA
200k BTC = $12 ADA
These ADA prices are most likely at the high end of probable tops for ADAUSD. ADABTC very well may not reach its prior highs, but once BTCUSD slows down similar to early 2021 expect ADA to gain a lot ground.
Cardano is a staple in the cryptocurrency scene and will not be left behind this bull market. A 100k+ Bitcoin will bring a lot of attention and people will see ADA as a "cheaper" alternative to Ethereum and Solana and identify its potential for large gains. I am confident ADAUSD will reach its prior ATH and then some.
Entered the important Fibonacci ratio point 2.618 - 1.618
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(BTCUSDT 1D chart)
It has risen by more than 10% for the first time in a long time.
It has touched the target range of 2.618 (87814.27) ~ 1.618 (89050.0).
Accordingly, it is expected to determine the trend again.
If there is an additional sharp rise, it is possible to touch the area around 3.618 (98841.11).
The next volatility period is around November 16 (November 15-17).
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(1h chart)
The creation of the BW(100) line means that a high point has been formed.
Therefore, when the BW(100) line is created, it will mostly show a downward trend.
However, since we do not know how much it will fall, we need to check the movement at the support and resistance points.
In addition, when a real decline begins, it ignores all support and resistance points and falls, so in fact, the support and resistance points do not have much meaning.
However, it can be used as a location to proceed with a split sell.
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We have several indicators that can respond to the decline.
BW(100), HA-High, StErr Line, MS-Signal (M-Signal on 1M, 1W, 1D charts), and 5EMA on 1D charts are included.
The first to appear among these are BW(100) and StErr Line.
The next to appear are HA-High and MS-Signal.
Therefore, when it falls below a certain indicator, you can choose whether to sell in installments or buy more.
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Since BTC has risen by more than 10%, it is highly likely that it will move sideways in the current section.
At this time, the point to watch is whether the HA-High indicator rises and is created.
When the HA-High indicator is created, it will be easier to respond because it creates a box section.
However, since there is a process of shaking up and down to form a box section, caution is required at this time.
This is because it is not possible to know whether a box section is formed or a decline is in progress.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Bitcoin Analysis: Buzzing with OpportunityBy The Cryptohoney Trader Kingdom
Hello, fellow traders and crypto enthusiasts!
Just like bees finding the sweetest nectar, I've been diligently monitoring Bitcoin's price movements and have identified some critical areas and targets that could guide our trading strategy in the upcoming weeks. This idea is a gift from me to our community, and it represents our collective vision of thriving in the crypto market.
Dangerous Price Area: 46,195.00 to 48,222.00
Think of this zone as a hive under threat. Historically, significant volatility and potential sell-offs have occurred here. Keep a close eye on this area for potential reversals or continuation patterns that could either sting us or offer a sweet opportunity.
Retracement Price Area: 53,000.00 to 59,000.00
A strong retracement to this zone could be like finding a rich patch of flowers. Look for signs of consolidation or a bullish reversal to enter long positions. This area could provide an excellent buying opportunity, much like bees gathering honey from abundant blooms.
Key Breakout Requirement:
For Bitcoin to confirm a robust bullish trend, it needs to close above 69,789.00 for at least 2 consecutive days. This will indicate strong buying pressure, similar to a bee colony thriving with energy, and likely continuation towards higher targets.
Cycle End Target: 86,410.94
Based on my analysis, the ultimate target for the current cycle is 86,410.94. This target aligns with historical price patterns and key Fibonacci levels, representing the pinnacle of our honey-gathering efforts.
Stay vigilant and adjust your strategies according to market conditions. Let's keep our hive buzzing with success. Happy trading!
TRUMP PUMPS BITCOIN 30% in Last 6 DaysThe TRUMP PUMPS BITCOIN 30% in the past 6 days since the election.
CRYPTOCAP:BTC at $90K and in PRICE DISCOVERY.
This means there are no prior levels of resistance on the chart, and SKY’S THE LIMIT.
Next fib level of resistance comes ~$101,600.
That’s another 15% pump from here.
That does not mean we cannot go back down.
$76,5 was the last hiccup in this run.
HODL.
#BTC #BTCUSD #BTCUSDT #Bitcoin #Short #BigShortSetup #Eddy#BTC #BTCUSD #BTCUSDT #Bitcoin #Short #ShortSetup #BigShortSetup #Eddy
In the weekly time frame, with the third hit to the red trend line, In the price range of $90,000 to $90,500, we will enter into the big short bitcoin trades with confirmation and we will accompany it to the specified targets.