Is $btc Bitcoin's Channel about to do the Most or the Least? Bitcoin is in a Very huge falling channel!
Current Price: 65600
CRYPTOCAP:BTC Price action has rejected upper trend line Resistance 6 times - steadily creating lower highs.
Currently, Price action is at this Major resistance. Will it reject again? It remains to be seen!
A break above this major resistance will lead to ALL time highs and a continuation of the bull run.
CRYPTOCAP:BTC Up Resistances: 70.4k, 74.8k, 80.2k
Note: #BTC remains bullish if price action stays above the 200EMA (red Moving Average)
Another rejection of this upper channel resistance will lead to down supports up to 50.5k.
What will it be?
Btc-e
BTC: This May Be Your Last Chance Before Exploding to Upside !!
Last year, when I was analyzing this, I wondered if Bitcoin could return to its golden days. At that time, Bitcoin was at $30K , and I was hopeful that good days would come again. Now that Bitcoin has surpassed $80K , I realized that our collective thoughts drive momentum in everything. We had hope , and this hope turned into reality. Now I hope Bitcoin will also reach $100K . Technically, if this weekly candle closes, it can be said that Bitcoin has successfully broken this cup and handle pattern, and after that, it can reach higher prices.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
STACKS LongCompletion of bullish shark and clear basing structure at previous support.
This asset is worth a punt, there is a clear momentum shift occurring with the recent higher lows showcasing a shift to accumulation.
Last higher low can be used as a sl, if the asset turns back to support we will re evaluate
ADA Long back to +42cWe should've been in earlier and don't really like the weakness present at this breakout attempt. So much caution and small positions.
Having said this, we like the perfect backtest of 33c after a shift in momentum with the higher lows, now we can use the 33c as an invalidation point to our argument and change in trend.
We played this trade to the downside and waited for a long time to a structure like this to develop. Even if the SL hits we will be very focused for the next few weeks as the bottom does appear to be in and many opportunities could arise.
Next Volatility Period: Around November 16 (November 15-17)
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(BTCUSDT 1W chart)
The target range is around 2.618 (87814.27) on the left and 1.618 (89050.0) on the right.
If it rises to this range, it is expected to determine the trend again.
To do so, the key is whether it can break through the 1st and 2nd ranges upward.
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StochRSI EMA has not touched the 100 point so far.
Therefore, as the StochRSI EMA approaches the 100 point, the downward pressure becomes stronger, so caution is required when trading.
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(1D chart)
This volatility period is until November 11th.
Therefore, the point of interest is whether it can receive support near 80K after passing this volatility period.
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The BW indicator is currently maintained at the 100 point.
This also means that the upward strength is strong.
However, if the BW indicator shows a downward trend from the 100 point, BTC is likely to show a downward trend.
Whether this downward trend will create a pull back pattern or the start of a downward trend can be predicted depending on whether there is support near 75571.99.
I will tell you more details when it falls near 75571.99.
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Since the prices of most coins (tokens) have risen significantly, it is quite burdensome to buy them.
Therefore, in order to trade, you have no choice but to use time frame charts below the 1D chart.
However, you should draw support and resistance points on the 1M, 1W, and 1D charts and check the movement near those points.
In fact, coins (tokens) that are renewing their ATH have no support and resistance points, making it very difficult to trade them.
Therefore, for coins (tokens) that are renewing their ATH, you should purchase them in installments when the candles on the 1D chart are falling candles, lowering the average purchase price.
Buying when the candles on the 1D chart are falling candles means that you should perform a breakout trade when the time frame chart below the 1D chart goes down and then rises.
That is, the method is to buy when the price falls below the BW(100) point of 79844.01 and then rises above 79844.01 again.
It is important to buy when the price starts to rise, but it is also important to buy when the price falls below the important support and resistance points and then rises again when the price has already risen.
I hope this answers the question of why I am the only one who is recording a loss when everyone else is making a profit.
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Have a good time.
Thank you.
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- Big picture
It is expected that the full-scale uptrend will start when it rises 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 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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ENA (Ethena) The recent price movement of ENA (Ethena) has shown exciting technical shifts, particularly after attempting to break out of a long-standing price channel four times. This repeated testing of resistance typically indicates strong buying pressure and potential momentum toward higher price levels. With the price channel finally breaking, ENA has surged toward a target range of $2-$5 This upward movement suggests increased investor confidence and bullish sentiment, often seen when technical resistance is overcome after multiple attempts.
A price target of $5 is ambitious, yet plausible, given the increased interest and potential fundamental factors supporting ENA. However, as with all crypto investments, this analysis should be viewed as a technical observation and not financial advice, as the market remains highly volatile and subject to rapid changes based on external influences.
BITCOIN → Is the $100K target becoming more and more realistic? BINANCE:BTCUSD is in the bull run phase and updating highs due to the excitement of the US presidential election. After 8 months, there are finally reasons for the price to come out of the prolonged accumulation. Now the distribution.
BTC has one bullish driver after another as it approaches ATH:
Trump's victory in the US presidential election.
Then the second 0.25% Fed rate cut in this cycle
Discussions about BTC as a strategic reserve.
Next is the SEC. Trump promised to get rid of the head of the SEC, so the choice will be made in favor of a more loyal to cryptocurrencies person.
In general, the fundamental background for cryptocurrencies is very bullish, altcoins may finally go straight to the moon.
Technically, bitcoin has a key resistance of 76900 at the moment, as well as key support zones, which is worth paying attention to as the price has been forming a local accumulation for two days. Accordingly, the move may continue in the near term.
Resistance levels: 76900
Support levels: 75650, 74560, 73550
The price is squeezing in front of the resistance, which may lead to a breakout. But, the liquidity is decreasing on the weekend, which may lead to a small correction, for example, to 75650 or other areas lower on the chart. We can't talk about any selling now, the reason is obvious, so we are looking for strong resistance levels (to continue the movement), or strong support levels (to bounce with the purpose of buying).
The target of 100K is becoming more and more real ;)
Rate, share your opinion and questions, let's discuss what's going on with ★
BINANCE:BTCUSDT ;)
Regards R. Linda!
Bitcoin Log Trend Curve - Feb 2025 peakJust wanted to draw a curve matchin the logarithmic trend of BTC price.
By this estimate we see a peak in Feb 2025 of about 95,000. But the price would only go down or sideways from here. I drew these lines in October of 23, but never published it - and so far it's following the trend. Just a fun thing I wanted to try, idk if it means anything.
What do y'all think...Shall we continue the groove?Hey everyone, just messin around with random ideas. Who knows, honestly just wanted to publish this because it might just work.
Some close numbers in the previous two bear to bull cycles. I just measured the highs&lows of previous cycles along with duration.
The numbers for the two previous full cycles were pretty close, so I just mapped the average out for our current situation.
Still can retest lows but too much beyond that is probably out of sight.
Dunno, not financial advice and just experimenting.
Any insight?
Hope everyone is well, thanks for your time.
Continuation of the altcoin bull run in the new weekTo date, the market has moved to the main movement of the quarterly candle, in anticipation of which purchases have been going on all last month. I have outlined the goals for bitcoin in previous reviews, it is 90-100k by spring, with the reaction of the altos after fixing the cue ball above 75k. On the air, I think the situation will be more difficult, because I expect the continued growth of the dominance of the cue ball. At the moment, after opening the month above 2500, we headed for the test of the 3000-3250 range, which I designated as the target. Further, the dynamics are likely to become more complicated. From 3250-3400, there is a possibility of a rather sharp correction for a retest of 3000. But the growth interval at the moment is the first half of the month at least, and therefore, from the middle of the week, I think growth will resume with an attempt to test the key level of 3500, opening the way to 5000.
The fate of the monthly candle will be decided after the middle of the month has passed and, given the opening of the month in the flat zone below 2750, there is a possibility of a major pullback as part of a correction on the monthly schedule. That is, after the growth next week, I recommend taking a closer look at the market and money management, reducing positions by the end of the week. Since the probability of growth prevails until the end of the year, after a monthly pullback, purchases can be expected to resume by the end of the month with the trend continuing in December. This week, the reaction of the altos to the entrenched trend of the cue ball began, but in the coming week we can expect more intensive purchases after a possible pullback at the beginning of the week.
After the prolonged fall of the altos, the current breakouts are a movement against the bearish trend and indicators, which makes the growth rather short-term and unstable. This dynamic makes many altos quite dangerous, because in the absence of a breakdown in the wake of market growth, coins can continue the formed bearish trend with taking lower levels.
The coins that I considered for work, regardless of the market, there is a very good dynamics. Almost everything provided good earning opportunities. At the moment, another delisting has taken place and in anticipation of a new announcement, I recommend avoiding working with coins of the monitoring tag in the first half of the week because they may get into the next delisting. Starting from Wednesday afternoon, oax and vite can be considered again. Pros has worked out the target on a retest of 0.75 and is quite overbought, so far I am not considering it for work. Firo and akro can also show an increase of up to 50%+.
Among the more reliable options for working without a monitoring tag, vib and ast remain the most interesting, with a growth potential of up to 50-70% from current levels at least. Ast has an incomplete emission and has been delisted from okx, which is why it is worth working with it more carefully than with vib. Given the delisting from another exchange, I think ast may be assigned a monitoring tag in the future, which will lead to a sharp drop.
Along with vib, I consider gft as the main tool for work. Despite the monitoring tag, the token has great liquidity and growth potential with targets at a retest of 0.025-35 at least.
My thoughts are giving me no peace with this idea 2 I've updated my expectations regarding the altseason after reviewing the statistics. I believe the growth of altcoins will happen in two phases: first, a drop in Bitcoin dominance to 40%, followed by a recovery to 45-50%, and then a crash below 30%. I'll share any updates if I make any fixes. The scenario is invalidated if dominance rises to 65-70%
Alikze »» GRT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H
- In the analysis presented in the weekly time frame , it was mentioned that an AB=CD pattern has been formed.
- It is moving in an ascending channel in the 8-hour time frame.
💎 In the OB area, it can face the demand again by creating demand and liquidity hunt at the bottom of the channel and continue its growth up to the top of the channel.
- Then I expect it to continue its growth to the supply area to form the third wave or wave C.
⚠️In addition, if the correction extends to the Invalidation LVL range, the bullish scenario in the 8-hour time frame is invalidated and must be reviewed and updated again.⚠️
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BINANCE:GRTUSDT
The CryptoSniper's Bitcoin prediction --- $140kIf we can envision a Inverse Head and shoulders forming.
With a horizontal neckline coming in at around $47.5-48k
It gives us a LOG projection north of $140k
Draw it out yourself and see :)
A linear target would be much more subdued and give us a $80k target
And trap people below that magical figure for close to a decade , if u tack on a bear market that would follow.
That could really hurt #Bitcoin's traction in gaining new buyers going forward (especially on the retail level)
But lets's be optimistic and aim high
but recognise the value of having BOTH targets in mind.
@TheCryptoSniper Thank you for your ongoing education and dedication to your craft.
TOTAL market cap chart screaming buy signalIf you're not long crypto I don't even know what the heck you're doing, if you call yourself a financial speculator...
Last time a signal fired in this timeframe it was in October 2023, at 1.15T market cap.
Upside to 5 to 9 trillion by July 2025 is in the cards.
Get long crypto!
Best of luck!
Cheers,
Ivan Labrie.
BRIEFING Week #45 : What a FireworkHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Bitcoin Upward WavesSince the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There are two possible areas for the current Bitcoin't correction wave. The first is the purple triangle, and the second is the orange one. The only difference between these two areas is that if the Bitcoin reaches the orange triangle, the major ascending channel will be invalidated, since Bitcoin has breached the channel's bottom. Let's see what happens.
BTC Daily Break Above Rising ResistanceBTC has managed to hold above a rising resistance that was currently dictating the price action.
There are roughly two daily bars before we meet this trend again while being above it. The rising wedge broke to the upside, so my bias for this trade is long. RSI is 72 at time of publishing. Long targets are 77,800 first, and then 84,600. These is the 1.618 extension and the 2.618 extension of the previous high swing low.
Not financial advice.
Do your own DD.
Thanks for reading the idea.
Weekly BTC forecastThis is only my current analysis relying on assumption.
There is still wide open area where it could hit later.
This is only analysis to give you an idea for helping your scenario trading.
Please remember always make the trading plan then initiate placing the position as your scenario meet your trading system AND confirmation. also please set up the SL.
Bitcoin- Signs of a bottom formation?Hey everyone,
what a crazy time to be in this space right now! Hope you all are fine out there! No matter if you made it through this mess or not, money comes back, always remeber that!
There will be tons of new opportunities out there in the future, this space is just evolving more and more. As scammers get revealed, people will be much more cautious, as it should be.
The one sector which I think will rise much stronger from the ashes of this whole situation will be the defi sector.
Don't trust, verify!
I don't want to talk more about this topic, so lets get right to the charts:
RSI is clearly in the buttoming territory, which has always marked the buttom relatively accurate.
More and more folks out there are shouting again "this time it's different", and they will always shout it out while sitting at or near the buttom.
That's the way market psychology works. Buttoms are created when there are no sellers left at these prices. People like these already sold and are waiting for much lower prices.
The next chart shows that we are sitting right at strong support of the total crypto marketcap:
Moreover I always like to compare price fluctuation of Ethereum relative to Bitcoin (orange line).
As you can see, imbalances in the relation of the Altcoin market to BTC often showed prominent turning points, or an imbalance in the otherwise highly correlated assets:
Let's look at the volume, shall we:
As always said in my previous posts, volume and price action are the two main factors everybody should watch.
The volume spikes we can see right now can mark the buttom, as it always did. And again, I stick to what is most likely, not to the exception!
Technically, ETH and a lot of Altcoins did not make a lower low like BTC did. So what do we need for confirmation, that this could really mark the buttom?
Reclaiming and pushing though the area of 19k - 19,5k (orange box in the image above) and also holding above 19,5k.
I could also point out that we are again in the territory where the costs of mining BTC is not profitable anymore for a lot of miners around the globe, which has also marked the buttom territory everytime.
As Satoshi said: the price will always come back to the cost of production.
It will fluctuate around this price level and eventually come back to test it from time to time. As most of you know I guess, these will rise constantly due to the halving.
There are a lot more things I could show here but I guess it's enough, these are the most important facts in the Charts in my personal view.
But I will not end this post without pointing out the current market sentiment: It is crazy bearish, as it always will be in buttom territories.
Right now everyone looks into the same direction, lower prices. Ask yourself the question: when was the last time nearly everybody was convinced that prices HAVE TO be heading in one direction?
The crowd is never right, and right now we are at the extreme end of that bearish sentiment.
Timing the REAL buttom exactly to the tip is not what I strive for and also not a realistic thought.
Finding the right range which should be a good spot for buying and holding for a longer period of time is the key element in my strategy. This is what I aim for.
*** Keep in mind that this is NOT A FINANCIAL ADVICE, just my own thoughts about the market! ***
BTC blasts offI am a Bayesian in terms of probability theory. I look for Priors to give me a clue. There are many Priors in Bitcoin that provide guidance on the magnitude of price "Mark-Ups" following prolonged periods of chop.
The most recent Prior from Jan-Mar 2024 would suggest that Bitcoin continues its rally through the end of the year and might reach $125,000 by New Years Day.
Bitcoin VS AppleApple's product releases came out today.
But it has nothing to do with this publication, just a coincidence.
As you know, I've been analyzing fractals of other assets for a long time. I find the comparison between Apple and Bitcoin very interesting and similar.
I'm inspired by this analysis as much as the previous ones
And the end of this bitcoin market will be around September 2025.
I don't listen to the noise that's coming from everywhere.
I'm following my own plan.
Best regards EXCAVO