BTC Breakout Incoming? Key Levels You Can’t MissGood morning, trading family! Bitcoin nailed our target, and now it’s decision time. If BTC breaks $75,600, we’re looking at moves to $77K or even $78,500. But if support at $73,600 doesn’t hold, we could see a pullback to $71,500.
Keep it simple—trade the levels, stay chill, and let the market come to you. It’s all about patience and sticking to the plan.
MINDBLOOME TRADING / KRIS
TRADE WHAT YOU SEE
Btc-e
BTCUSDT.P Support prevents the price from falling
Hello, intraday traders! Hope all is well with you.
BTC on the 30-minute chart looks like it’s trying to push the price up after support held for most of the day. Tonight, we have a SEC decision about rate cuts, which will definitely impact the price. All moving averages are pointing upward, and volume is steady.
This is not financial advice—stay safe!
ETH Long Spot Trade (Breakout Opportunity)Market Context: ETH is currently testing a double resistance area (horizontal and diagonal). This setup is ideal for a breakout trade. A clean breakout followed by a throwback would offer a favorable entry point with potential for upside movement.
Trade Setup:
Entry: Around $2,800 (after breakout confirmation and throwback)
Take Profit:
First target: $3,000
Second target: $3,200
Stop Loss: Close below $2,600
This breakout setup aims to capture upward momentum if ETH clears the double resistance zone. #ETH
BTC - 4H fall for nowWhen it comes to market sentiment, a popular saying is, “When everyone is on the same side, it’s time to go the other way.” This concept aligns with the contrarian trading strategy, where savvy traders often position themselves in the opposite direction of the majority. Currently, with widespread excitement and optimism about a potential BTC bull run, it’s possible that we’re setting up for a correction rather than a sustained rally.
Historically, markets tend to pull back when optimism reaches a peak. For example, in 2017, as BINANCE:BTCUSD neared $20,000, the market sentiment was overwhelmingly bullish, yet that’s when BTC took a sharp downturn. Similarly, in early 2021, when Bitcoin was approaching $64,000 with much hype around institutional buying, we saw a significant correction that shook many investors.
In this context, the chart here shows MARKETSCOM:BITCOIN touching a strong resistance zone around the $76,000 level. With sentiment bullish and many expecting a breakout, BINANCE:BTCUSDT may likely trap some of this optimism and head lower first to “clear out” the overly crowded long positions. This potential pullback could lead to a more sustainable rally later after the excess sentiment has cooled.
BTC POST HALVING History doesn't repeat itself, but it often rhymes...
We're now in the post-halving part of the Bullrun, and we can look back into Bitcoins history to help predict what might happen next.
Typically A bull cycle lasts 1065 days from the low to the high with the halving event in the middle. If we use that same timeframe and apply it to this Bullrun we can expect the peak for BTC to come in early October of 2025.
Now we know that once BTC has had it's top, altcoins regain some of the market dominance in an "Alt season" which is often a manic period of profits from BTC being poured into increasingly risky projects until the whole thing comes crumbling down, which then leads too...
The bear market which historically lasts for a full year from top to bottom. The bear market comes when most people least expect it as they are so used to price going up, complacency and greed can cost you all of the gains made in the last 3+ years. It's also important to note that BTC routinely goes through 25-30% corrections on the way up, and this is where many fall down. Knowing the difference between a correction and a top is the difference between making it and roundtripping everything. Have an exit strategy, take profit at key areas, don't let greed win.
The Fibonacci levels can be very useful when a project goes into price discovery as well as big even levels, your 100, 150, 200's etc. When Fib levels line up with these big evens you can expect resistance and therefor look to protect your capital.
Bitcoin is very close to a breakout from the '21 ATH level, we've been above SWB:69K before but swing failed to hit $56K, I am still a little worried about the GETTEX:52K +VE Orderblock as shown in green, it would make sense to revisit that area at some point however it does depend on this current SWB:69K S/R level.
BITCOIN TREND PIVOT With all the geo-political noise it's easy to get caught up in the low timeframe madness. Zooming out and looking at the High timeframe structure, things get a little simpler...
For me, BTC has been in two different smaller phases within a larger bullflag pattern. Phase one is the bearish part of the bullflag where price prints lower highs and lower lows , this lasted for 150 days with a pivot once price wicked into the bullish OB @ $50K.
From that pivot point the second phase started and it's where we are now. Once we got our first higher low the new bullish trend began, higher lows and higher highs followed and continues on until now.
Now the interesting part is how BTC has broken out of the bigger bullflag pattern and that's shown by the X's and ^'s on the chart. In recent days BTC has broken out of the bigger bullflag pattern as shown by the tick where price rejected off the '21 ATH and retested what was formerly trend resistance and now support after a successful bullish reaction off that level for the first time in 8 months.
Price is now at the highs with the US election around the corner and %16B FTX repayments on the way , can BTC go one step further and make a new ATH? Time will tell but for now the structure is the most important thing. Higher highs and higher lows, that's it.
Bitcoin Rips to $76,000 on Trump Pump. Can It Hit $100,000 Next?Bitcoin BTC/USD was fully onboard with Donald Trump’s race to the White House. With much fanfare and celebration, the orange coin crossed $76,000 to hit a new record as the former President clinched the top spot in American politics in a stunning comeback, defeating Democrat Kamala Harris.
So, what’s with that big surge and what can you expect ahead for the crypto industry under a Trump presidency? Let’s find out.
Bitcoin BTC/USD , the original cryptocurrency, is in full beast mode now that former President Donald Trump has defeated Vice President Kamala Harris to win the White House. The price of Bitcoin rocketed to the rarefied air of $76,000 on Wednesday, gaining more than 9% on the day and catapulting its valuation to a record $1.5 trillion.
Bitcoin has been a centerpiece in Donald Trump’s campaigning efforts. It’s part technology, part investment — two things Trump loves and embraces. In fact, he seems enamored with the coin and went the extra mile for it. Not only has he reiterated his support for the crypto industry, but has vowed to make the US “the Bitcoin superpower of the world” and the “crypto capital of the world.”
Big-shot crypto players, such as Andreessen Horowitz and Gemini founders the Winklevoss twins are cheering Trump’s victory after they had endorsed him and spent lavishly on his campaign and on promoting pro-crypto candidates for Congress.
“We are on the brink of a new American Renaissance,” said Tyler Winklevoss in a post on X . “The crypto army is striking!”
Brian Armstrong, CEO of Coinbase COIN , also praised Trump’s election win. “Welcome to the new members of America's most pro-crypto Congress ever…” the crypto exchange boss said on X . “219+ pro-crypto candidates and counting have now been elected to the House & Senate.” “Tonight the crypto voter has spoken decisively.”
Hopes are high now and the agenda is already looking busy. Overjoyed crypto circles expect three main things from Trump:
1) To pass crypto-friendly laws and regulations that will help propel the industry ahead of its foreign competitors (China and Russia, mostly) in terms of business, mining and trading.
2) To fire Securities and Exchange Commission Chairman Gary Gensler “on day one.” Gensler is seen as a villain to the broader adoption of crypto both on Wall Street and in general. During Gensler’s tenure, the SEC has chased down crypto exchanges, such as Coinbase, Kraken and Crypto.com with more than 100 lawsuits.
3) To create a Bitcoin strategic reserve — a lofty ambition, which will make sure the US government never sells its Bitcoin (currently the US holds roughly 200,000 BTC). More on this below.
There’s already a bill introduced by Sen. Cynthia Lummis (R–Wyo.) to whip up a reserve with a target of 1 million Bitcoin over five years (200,000 BTC a year).
“For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin,” Trump has said during a campaign speech.
“If I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the Bitcoin the US government currently holds or acquires into the future,” he said. Currently, the government every now and then auctions off its Bitcoin, which has been seized from criminals.
With that in mind, how is Trump and the Republicans broadly going to approach the next four years?
In short:
Pro-business
Pro-growth
Light regulations
Low taxes
Or, as Tesla TSLA CEO and vocal Trump backer Elon Musk expects, "The future is gonna be so 🔥"
Besides Bitcoin, how did the result of Election Day bump up other digital assets and crypto stocks?
Ethereum ETHUSD , the second-largest coin, got a 10% boost to its price, going over $2,800 a piece. Solana SOLUSD , an Ethereum rival, pumped to levels above $190 from under $170. Dogecoin DOGEUSD , the Shiba Inu-themed coin beloved by Musk, surged more than 30% in volatile trading and crossed 21 cents before paring back some of the gains to slide under the 20-cent threshold. In general, it was a good day for cryptocurrency markets .
Crypto stocks reacted with a sharp dash to higher grounds as well. Crypto exchange Coinbase COIN pumped 31% to notch its best day ever . Bitcoin-hoarding software firm MicroStrategy MSTR surged 13%, lifting its year-to-day gains to a whopping 276% increase.
Crypto miners’ stocks also participated in the rally. Riot Platforms RIOT gained 26% on the day, followed by Marathon Digital’s MARA 19% increase. Another Bitcoin miner, Core Scientific CORZ , closed up by 10% on the day.
Over to the exchange-traded fund space. The burgeoning crypto ETF space turned up some impressive figures. The pack of 11 spot Bitcoin ETFs collectively pulled in $612 million of net new money on Wednesday. The spot Bitcoin investment vehicles now command $26 billion in assets under management.
Ethereum ETFs, a bundle of 9 , picked up $52 million of daily net inflows, bringing the total amount of investments to $1.35 billion.
With that said, were you brave enough to chip in before the big Election Day? And do you think the door to $100,000 is now wide open? Drop your thoughts below and let’s whip up the discussion!
04/11/24 Weekly outlookLast weeks high: $73,633.97
Last weeks low: $67,477.38
Midpoint: $70,555.67
ELECTION WEEK IS HERE! This is the one we've all been waiting for and probably been nervous about. On the 5th November the US election takes place, now we might not know for certain who has won on that day but we should have a good idea barring no funny business. At time of writing, Trump leads the betting market polls 57.7% : 42.3% which is down significantly from last weeks high of 67%. A lot can happen between now and tomorrow but for BTC and crypto in general a Trump win should be favourable to the markets, a Harris win might delay cryptos progress IMO.
If the US election wasn't enough for one week FOMC takes place a couple of days later. With a forecasted cut of 25bps coming taking the interest rate from 5.00% to 4.75%. The last FOMC saw a 50bps cut so the FED is rapidly moving to a more risk on environment which should be pro crypto, however I do think the election result will dwarf this FOMC in importance as the 25bps cut has been known about for awhile and most likely priced in.
Obviously the election is the main focus of this week, a number of projects have token unlocks this week too:
Larger % circ. supply:
NEON,BANANA,ADA,XAI,BGB,AGI
Smaller % Cir. supply:
SOL,WLD,TIA,TAO,AVAX,DOGE,SEI,NEAR,DOT,SUI&FIL
The altcoin market is still at the mercy of BTC and BTC is at the mercy of this election currently so we'll have a better picture of what the future may look like by the end of the week.
GOLD about to crash? GOLD losing it's bullish sentiment. Lost it's Wedge, RSI had bearish divergence, All indicators flipping bearish, losing key EMA's.
If this happens, it would probably mean that people selling gold and getting in crypto/stocks as USA have elected Donald J. Trump as new president, all markets expecting pump, therefore Store of Value assets should be going down for about a year from now.
E: $2665
SL: $2705
TP: $2300 to $2000
BTC new ATH what's next?BTC reaches new ATH, but the level around $76,600 is a key place in the four-year cycles lasting for BTC, because from its low in each cycle, it grows less by 5.3 times than in the previous cycle. However, the situation may change with the introduction of ETFs to the market, which changed price movements. If we manage to break out of the $76,600 level, we can see a move towards $83,800, and then the important level is at $89,000. When the price starts to recover, the first important thing for us is the support zone from $73,700 to $70,000, when this zone is broken, the price can quickly return to the level of $66,000, and then the important support is at the price of $59,300. We have also identified a visible upward trend line on which we can currently base critical points in the event of a correction.
Russell 2000 On verge of breakoutof a continuation inverse head & shoulders
these projections are IMHO likely to be the final nail in the coffin for this massive bull run
one of the complaints from Analysts is the lack of breath in the market
well when the russell reaches these projections
these analysts will likely claim victory and say see NOW we have a real bull market
which is when you should be seeking shelter as when the last bears are bullish it means there is no one left to convince.
And after 16 years from the 2009 bottom would be a fitting end to the secular bull
With a Trump victory likely ..
The Dems will in all likelihood prefer to leave him a big mess to clean up than a booming economy.
Back to 78.6K targetMorning guys,
So, BTC was able to hold ~68K lows, keeping short-term bullish context intact. Now market is overbought, so, in short-term we could get minor drop back to Fib support level - 72.8K and 70.5K, where upside action potentially could be re-established.
The upside target remains the same - daily AB-CD @ 78.6K level.
BTCUSDT - going to 113866.19$My analysis is based on numerology, all the numbers you see on the chart are from the same place. There is a certain numerological symbolism, which tells me that the price has already put the bottom 49(13) and will make a reversal from the zone 52260+- and then will fly strongly upwards with the target first 89k bucks, and after 113k. It's time to look for a good entry point.
$BTC have a gold fractal!Please pay attention to the Bitcoin chart and the Gold fractal! It's incredible, but it looks very similar. The level of correlation is quite high! Similar formation of tops, bottoms, breakout without retest and then now breakout phase with retest. The retest was successful. Very soon there will be the strongest growth! Good luck!
Horban Brothers!
ETHFI → A door has been opened to the bulls. Resistance retest BINANCE:ETHFIUSDT is forming a bottom. The coin continues to accumulate potential giving signs that the price is preparing to go up. The fundamental background is changing to favorable
The U.S. presidential election and Trump's victory have a favorable impact on the cryptocurrency market in the medium and long term. This will be especially visible after the inauguration of the new (old) president :). Fundamentally, the market opened another door....
Technically, there is a clear bottom at 1.092 with no attempts to renew the low, and a basic cascading support is formed, indicating the buyer's strength. The focus is on consolidation of 1.798 - 1.092. The price exit from this channel will be accompanied by a strong distribution (most likely upward)
Resistance levels: 1.798, 2.761 3.240
Support levels: 1.302, 1.092
There is a conglomerate of resistances ahead (descending line and channel boundary at 1.798). In the near future the market may continue to test this area with a breakout target. If the bulls can keep the defense above these areas, the rally will not be long in coming.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHFIUSDT.P ;)
Regards R. Linda!
$BTC marketcap critical point, signaling the alt season coming.CRYPTOCAP:BTC has reached a critical 60% dominance level, which in the past has often signaled the start of an alt season. While history doesn’t always repeat itself, several other indicators confirm this signal:
- Stochastic RSI is highly overbought
- Bearish divergence
- MACD is also in overbought territory
Based on my analysis, altcoins are likely to see some relief in November, potentially pumping and outperforming $BTC.
Bitcoin - Fractals and PerspectivesThe willingness to learn, however, changes everything.
Active traders treat market analysis with an open attitude and they are interested in learning how to analyze the market structure. They combine concepts such as trends, patterns, and support and resistance to actively improve their analysis and trading skills. These traders are real manual traders.
This article is intended for those in the latter group, the learners and active traders. We will explain how you can understand the market with more clarity.
The Market is Fractal of Nature
Does the market move erratically? Or is there an order behind the chaos?
According to the Chaos Theory, the apparent randomness of chaotic complex systems depend on their initial conditions. The concept is not that complicated as it seems: basically the ‘chaotic’ behavior is really not as chaotic as it seems.
Simply said, there are underlying patterns that repeat in a similar way on all scales. This phenomenon can be seen in both natural systems, like weather and climate, and artificial elements like road traffic and economics.
And yes, this includes the financial markets in general. The market is Fractal in nature, which means that similar price patterns repeat on all time frames.
So I started researching fractals a few years ago. Many fractals have worked out, in some cases partially worked out, the study is a process of learning and growth.
I want to share it with you today.
Why it works I have already said in previous posts - because all the same asset managers all the same algorithms all the same emotions and all the same actions people make in this or that situation. The nature of human behavior cannot be deceived. that's why fractals repeat themselves.
I have selected all the structures of reversal and further perspectives of charts
The main indicators :
1. this is the formation of the bottom
2. Holding levels
3. Formation of a horizontal strong level and its breakdown
That's all bitcoin has done in the last year.
What's next?
Statistics I found only one fractal after which we update the bottom.
No rolling growth 4 fractals
And most of them are 20-40 sideways and up.
All fractals are below.
These are all the fractals I want to share with you.
Best Regards EXCAVO
$BTCUSD Bitcoin will continue to growBitcoin has been in correction for 160 days. Now, there is a redistribution of hands, and among those who bought for the past 160 days, the average purchase price is 64k.
According to the structure, we see liquidity withdrawal from the bottom in each correction—marked with red crosses—which means that they liquidate long positions and then continue to move up.
We still have a year until the end of the bull cycle, and I think you will be pleasantly surprised when you see what prices will be in the next three months. Summer is over, and the most interesting time in the market is starting.
I am now more focused on the altcoin market and the cryptocurrency market. As they have more potential to rise/fall:)
Right now, the fear and greed index is down
I'm looking positively into this fall and the next three months. If there will be a fall, it will not last long and will be bought back quickly.
Best regards EXCAVO