Triangle Consolidation on Bitcoin (BTC)Hello,
Current Price: $94k.
Chart Pattern: Triangle
Trend: Consolidation/Sideways
Trade: You may try a long position if BTC stays within the triangle or breaks upwards. Breaking the triangle downward would invalidate the long position ideas and have a bearish indication.
Regards,
Ely
Btc-e
BTC dominance 2024-2025(prodolzhenie prognoza po dominacii bitkoina 2023-2024)
Proshlyj prognoz otrabotal prakticheski ideal'no, nemnogo promazal po vremeni (uskorilsya), nemnogo oshibsya s metodikoj raschyota dominacii (uchyol al'tkoiny - podrobno v obnovleniyah na proshlom prognoze po dominacii). Odnako v celom prognoz pravil'nyj!
Nakaplivat' bitkoin bylo bolee pravil'nym resheniem nezheli otkupat' al'tkoiny.
Podavlyayushchee bol'shinstvo al'tkoinov obnovilo svoi minimumy k bitkoinu.
Teper' prishla pora razvorota. Tyazhelo sprognozirovat' tochku razvorota (kak eto bylo s proshlym prognozom) kak po vremeni tak i po urovnyu, odnako ya sklonyayus' k variantu chto eto proizojdyot ot 55-65% vo vremennom promezhutke konca2024 achala2025 goda. I ustremitsya v blok 35-45% k koncu 2025 goda.
!!! Etot prognoz bolee kak prodolzhenie v popytke najti mesto razvorota, a ne kak samostoyatel'nyj predydushchij prognoz. Ya by ne stavil mnogoe na nego, odnako tendenciya dolzhna byt' yasna - gryadyot al'tsezon.
$BTC 1W Largest Scale Playing with Long Term Ideas #LongThis idea i made today for long term idea just as it is an idea some basic lines and formations were made but it was pretty simple using same red lines the decline lines are same angle as it states. showing prices and times as estimates i will come look at this and progression when iI m older and know more of this trading and chart mechanics etc!
I am not a Financial advisor or any way good with number.. sorry that's a lie I am very good with math but I haven't had to make financial gains on markets not crypto at least.! I have crypto but earned it all freely over short time last 2 years have over a few band only a couple,, but free earned and mostly passive about 70% passive :) anyway and so that makes it all gains but i do swap stuff at lows and highs and various coin swaps using special maths and tools no one else does a lot and take advantage of the "virtual arbitrage" between trading oone coin for another and then another .... if you get it you get it!
WHAT YOU THINK OF IDEA its one for me to come back to in years and look and go wow we were at 100k moment JUST like the 10k moment. Only I don't remember It so well!
hope you enjoy! let me know your opinion and what could be wrong or different! lets learn from one another and take over the markets!!!!
WLD Long Spot Trade (Consolidation Opportunity)Market Context:
WLD is consolidating within a significant zone, presenting an ideal opportunity to ladder into a long spot trade for potential upside gains.
Trade Details:
Entry Zone: Ladder between $2.50 and $3.50.
Take Profit Targets:
First target: $4.50 - $6.00
Second target: $9.00 - $10.50
Stop Loss: Set just below $2.25.
This trade aims to capture a breakout from the consolidation zone, leveraging the support level for a favorable risk-to-reward setup.
AR Long Spot Trade (Resistance Consolidation Opportunity)Market Context:
AR has moved into a critical resistance zone, where price consolidation could occur before the next upward leg. This presents an opportunity to position for potential breakout gains.
Trade Details:
Entry Zone: Ladder between $23.00 and $27.00.
Take Profit Targets:
First target: $40.00 - $45.00
Second target: $70.00 - $80.00
Stop Loss: Set a deeper stop loss just below $20.00.
This trade anticipates consolidation within the resistance area, with a setup aimed at capturing substantial upside momentum.
INJ Long Spot Trade (Range Consolidation Opportunity)Market Context:
INJ has moved into a potential consolidation zone, providing an opportunity to establish a position at support levels. The setup targets significant upside potential as the price develops within this range.
Trade Details:
Entry Zone: Ladder between $27.00 (bottom support) and $32.50 (top resistance).
Take Profit Targets:
First target: $45.00 - $50.00
Second target: $70.00 - $80.00
Stop Loss: Just below $25.00
This trade takes advantage of the expected consolidation and offers a favorable risk-to-reward ratio for potential breakout scenarios.
Crypto recap | Wen $ 100K BTC ? Crypto Weekly: ETFs, Meme Coins, and RFK’s Bitcoin Obsession
We’ve had a wild week in crypto, so let’s dive into what’s happened so far
1. Bitcoin Reaches Record $99,000 , Should We Sell Our Kidneys Now?
Bitcoin momentarily climbed to an all time high of $99,000. Its current value stands at $98,400, reflecting a 1.5% increase over the past 24 hours and YES over 500% since our first call
2. SEC Chair Gary Gensler to Resign in January 2025
The US Securities and Exchange Commission has announced that its Chairman, Gary Gensler, will step down on January 20, 2025.
3. Former Chinese Official Yao Qian Dismissed Over Crypto Bribery Allegations
Yao Qian, exDirector at the China Securities Regulatory Commission, has been expelled from the Communist Party and removed from office for serious misconduct, including abuse of power and crypto-related bribery. Once a key figure in China’s CBDC development, Yao is now under investigation by the Shanwei City Procuratorate for alleged violations, with his assets confiscated.
4. Bitcoin ETF Options Prepare for Launch
The SEC approved trading options for the iShares Bitcoin Trust in September 2024. Following a recent advisory from the CFTC, the Options Clearing Corporation (OCC) is set to facilitate these options, which will debut on November 19, 2024.
5. Trump Administration Eyes Crypto Policy Role
The Trump team is exploring the creation of a White House role dedicated to cryptocurrency policy. President-elect Trump is also scheduled to meet Coinbase CEO Brian Armstrong to discuss potential appointments. Discussions may include Armstrong’s support for SEC Commissioner Hester Peirce as SEC Chair.
6. Robert F. Kennedy Jr. Goes “All-In” on Bitcoin
Robert F. Kennedy Jr. revealed that most of his wealth is now in Bitcoin, declaring his strong commitment to the cryptocurrency. He has previously referred to Bitcoin as a “freedom currency” and a hedge against inflation.
7. Binance CEO Predicts Nations Will Compete for Bitcoin Reserves
Binance CEO CZ praised Michael Saylor's advocacy for Bitcoin and predicted that countries would soon race to acquire Bitcoin as a strategic reserve asset.
8. Polish Presidential Candidate Promises Bitcoin Reserves
Sławomir Mentzen, a Polish presidential hopeful, has pledged to establish national Bitcoin reserves if elected. Mentzen, an early Bitcoin investor, disclosed holding approximately $1.2 million worth of Bitcoin.
9. MicroStrategy Acquires Additional 51,780 BTC
MicroStrategy now owns 331,200 BTC, acquired at an average cost of $49,874 per Bitcoin. Its recent purchase of 51,780 BTC totaled $4.6 billion, averaging $88,627 per Bitcoin.
10. Meme Tokens Dominate Crypto Market Buzz
The meme token "Quant," created during a livestream, sparked controversy after a pump-and-dump scheme. Other meme coins, such as ANON and FLOKI, also gained traction, with Ethereum co-founder Vitalik Buterin purchasing ANON. Meanwhile, DWF Labs launched a $20 million fund for meme projects, and exchanges like Coinbase and Binance actively listed meme tokens.
Fundraising Highlights
- Rise: Secured $6.3M in Series A funding.
- Deblock: Raised $16.8M in seed funding.
- Shinami: Completed a $5.645M seed round.
- Valantis Labs: Gained $7.5M in funding.
- OpenLayer: Secured $5M in seed funding.
- Barter: Raised $3M for DeFi liquidity solutions.
- Noble: Completed a $15M Series A funding.
- Bitfinity Network: Secured $12M for Bitcoin Layer 2 development.
- Alluvial: Raised $4.3M for its Liquid Collective platform.
Dont miss this crypto cycle, opportunities like these don’t come around often!
SURVIVOR!!!hello friends
According to the recent growth of the market, this coin has not grown on its own, and now it seems that after some period of correction, it has broken its trend line and was able to show itself.
We expect the specified goals to move...
Don't forget capital management.
Be successful and profitable.
Triangle forming in wave 4 consuming time before 5th up begins I initially though INDEX:BTCUSD is doing WXY (red counts) correction in wave 4 since W and X were 3-3. But the supposedly Y is shorter than W and X, and the whole pattern is emerging as contracting triangle which makes me think that we are actually doing a ABCDE (green counts) triangle in 4th. So it may not be deep but time consuming. ABC seem to be done and we are in D now so just a matter of time ...
BITCOIN repeating the November 2023 Channel and targets $140kBitcoin (BTCUSD) has been trading within a Channel Up in the past three weeks, basically for the majority of the month of November, following the U.S. elections. It may been struggling currently to break above the $100000 psychological barrier but historical patterns are in favor of a break-out as the very same Channel Up was formed exactly 1 year ago and paved the way for the March 14 2024 High.
** August 2023 vs August 2024 **
As you can see basically, BTC's whole sequence since the August 05 2024 Low is very similar to the one that started again a year before that in August 2023. The similarities are uncanny. Both fractals started with an August decline below the 1D MA200 (orange trend-line), bottoming inside a Cup pattern that initiated an Accumulation Process. At the same time, the 1D RSI was waving a Bullish Divergence as it has been rising on Higher Lows.
** Golden Cross to November Channel Up **
A 1D Golden Cross was formed right when the November Channel Up patterns emerged. By that time, the price was already on the 2.0 Fibonacci extension of the August decline. At the moment we are on the stage past a 1D MACD Death Cross, which led to a December bullish break-out to a new High.
** Next step = $140k **
A mere test of the 3.0 Fibonacci extension, would translate to a $140k price tag on Bitcoin. Based on the striking similarities and extremely high degree of symmetry with the pattern a year ago, it may become a reality as early as February 2025.
But what do you think? Is symmetry with last year about to kick in and force a bullish break-out to 140k? Feel free to let us know in the comments section below!
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Bitcoin is taking a breathWhile the whales are pumping alts to subsequently flush out the naive fools, bitcoin is taking a breath to break $0.1M.
I believe we are nearing the bottom of bitcoin dominance among cryptocurrencies after the Wall st. takeover. All the cryptocurrencies that have managed to pump a little bit against BTC in the meantime will soon crash back down again and look for new lows in the BTC pair.
Don't worry about fiat charts, compare to BTC!
aLt SeASoN 💩? No, really don't!
There is only bitcoin season, always has been. There is no cryptocurrency over five years old that comes close to ATH against Bitcoin.
Stay humble, stack sats.
$BTC - Steeper correction if below $93500Hi guys! 👋🏻
🔔 Lacking momentum and liquidity and it's time for correction
🔔 I believe it's too early for $100K and time to get rest before the next run.
🔔 CRYPTOCAP:BTC couldn't get the $100K and with each try the daily close is lower than the previous one, which states that market might not be ready yet for a strong impulse.
🔔 The best scenario for #bitcoin would be to close below $93500 and go for a correction down to $80K, regain momentum and take over the $100K barrier.
🔔 Triangles could be tricky, so watch for a breakout before making any decisions.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
BTC Rising Wedge with Possible Bullish BreakoutIm posting this idea because the formation the price action is making is a rising wedge. This shape has a bias toward breaking down and forming new lows. In this case, the 50 simple moving average has managed to stay above the 100 simple moving average and the price has managed to hold above the 50 simple moving average. RSI is only 48 at time of publishing on the H4 Chart.
I think BTC will break to the upside here and manage to print a price above 100k. Minimum target is 101,900 the 1.236 extension from previous High swing Low.
Not financial Advice, do your own DD.
Thanks for viewing the idea.
BTC Battling Key Range with Support at $95.5KBitcoin is currently trading at $95.8k, caught between two significant price levels: $94.5K and $98.8K. The price has bounced off support at $94.5K and is now navigating around the Fibonacci 0.618 golden ratio level at $95.5K, which is acting as support.
The Advanced VWAP (Volume-Weighted Average Price) indicator is highlighting the critical range between $94.5K and $98.8K, showing where market participants are most active and where price may likely face resistance or support.
Bitcoin's hourly chart also recently showed a "death cross" about 31 hours ago, which could signal bearish pressure, but the bounce at $94.5K is providing some support.
Risk Considerations:
Potential Risks: A failure to hold the $94.5K support could signal a deeper correction, potentially down to lower levels. If the price breaks below the $94.5K support the next level could be $91.5k
Volatility: With low volume and the recent death cross, Bitcoin could be subject to sudden price swings. Keep an eye on volume and momentum to gauge strength for either a bullish or bearish continuation.
TRON is the leading large altcoin this cycle!!TRX was especially strong this bear market. It was able to steady itself from falling too far. Similar more to Bitcoin then other alts like Solana. TRX fell around 74% in the bear market like BTC. SOL fell more like 94%.
TRX now 150% above old highs and SOL below old highs.
This is not to take anything away from SOL but comparing TRX to the other strongest alt this cycle. I suspect SOL might end up following TRX in a TRX like breakout from its old 2021 highs.
TRX has been able to capture a key part of the crypto market in being a chain for stablecoin transfers and is trying to expand into more typical defi areas.
It seems that the altcoin bull market will start soon
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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- Funds are still flowing into the coin market,
- BTC dominance has already touched the 55.01 point.
Accordingly, if BTC dominance falls below 55.01 and is maintained or shows a downward trend, the altcoin bull market is expected to start.
This altcoin bull market is likely to continue until the USDT dominance reaches around 2.84.
However, if the USDT dominance touches the Fibonacci ratio point of 0.382 and rises above 4.97, the coin market is expected to plummet.
The altcoin bull market is ultimately a market where you can make a profit no matter what altcoin you buy.
Since the altcoin bull market is likely to take the form of a cyclical pumping, even if the altcoin you bought does not rise, it will rise if you wait.
If you cannot wait for that period and switch to another altcoin, you may see little profit or even a loss, so please be careful when trading.
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(BTCUSDT 1D chart)
Even so, this is only possible if the price of BTC is maintained above a certain point.
Therefore, BTC must maintain its price in the 91792.14-98871.80 range or higher.
If it fails to do so and falls, the coin market will show a decline of -10% or more.
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Therefore, it can be said that it is time to trade altcoins rather than BTC.
When trading altcoins, it is better to buy and wait when the candle on the 1D chart is a downward candle if possible.
However, as I mentioned earlier, if BTC falls below a certain point, it can experience a decline of -10% or more, so it is better to set a stop loss point and respond.
Otherwise, you may not be able to sell due to a sudden downward trend and may record a loss.
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(1h chart)
- Check whether the wave of the StochRSI indicator on the 1h chart and
- Check whether it is supported near the section composed of the BW(0), HA-Low indicator,
- Check whether it breaks through the section composed of the BW(100), HA-High indicator,
I think it is good to determine the timing of altcoin trading while checking the relationship above.
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This volatility period is expected to last until December 4th.
The next volatility period is expected to be around December 27th.
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Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, we can see that the increase 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 do not expect to see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That 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.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
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
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