BTC Monthly and Yearly CloseUnfortunately, BTC monthly close does not look good if we close here.
For that reason,I'm taking profits in all my leveraged trades and taking 50% of the portfolio and moving into cash.
Not a financial advice DYOR.
Btc-e
ENA (ENA/USDT) – Technical Analysis UpdateCurrent Consolidation & Support Levels:
ENA has consolidated near June's high, showing strong support around $0.9538, reinforced by December 20th's daily candle tail and the 40 EMA.
Token unlocks increasing supply are likely to delay a rally until after January 1st, keeping near-term upside muted.
Key Downside Targets:
If the $0.9538 support fails, watch for:
$0.8824 – December 28th's swing low.
$0.8465 – Key levels from December 20th and 10th.
$0.7600 – November 25th's bullish weekly gap, a likely higher timeframe support zone.
Resistance Levels & Upside Scenarios:
$0.9961: December 26th's bearish gap.
$1.0299: December 21st's rejection point. A break above this zone could trigger profit-taking at:
$1.1223: December 23rd's swing high and December 21st's bearish gap.
Outlook:
ENA is range-bound in the near term, with a bearish bias if token unlocks intensify supply pressure.
Bulls need a decisive reclaim of $0.9961–$1.0299 to regain control. Until then, $0.9538 support remains critical, with the risk of testing lower levels.
This setup highlights near-term caution but leaves room for a bullish breakout once overhead supply dynamics stabilize.
#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #DUMP #MarkDown #Eddy#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #DUMP #MarkDown #Eddy
It was my mistake to give a big short analysis of Bitcoin before the distribution structure was formed.
Currently, by combining the analytical styles of Dow Theory & Wyckoff Theory with the combination of the classical price action technical analysis, RTM & ICT, we are witnessing confirmation of the market decline, while the majority have a bullish view of the market, having fallen into the trap of the market maker.
Look for a heavy Bitcoin sell position from the marked premium area, don't forget to get confirmation based on your style and manage risk and capital.
My Bitcoin Big Short Setup Targets :
The Moon of Bulls (when bulls come together!)When will Donald Trump take office ?
January 20, 2025
Time is running out ;)
Appendix:
a- Dow Jones Industrial Average (1965-2001)
b- When bulls come together:
Shiro Could Surge 700% in the Coming DaysGATEIO:SHIROUSDT BINANCE:SHIBUSDT The partnership between Shiba Inu (SHIB) and Shiro Neko (SHIRO) is an exciting innovation in the cryptocurrency market, and adding SHIRO to your portfolio could be a strategic move.
With the introduction of a dual-staking mechanism, investors can stake SHIB to earn SHIRO and vice versa, creating enhanced opportunities for returns and diversification. This collaboration strengthens both communities and increases the utility of their platforms, making them more appealing to the market.
SHIRO demonstrates significant growth potential, driven by increasing engagement and an innovative model that encourages retention. Moreover, its strategic alignment with Shiba Inu, one of the most popular memecoins, positions SHIRO as a promising addition to your portfolio.
By including SHIRO, you not only diversify your investments but also position yourself to benefit from the potential growth of a coin that combines innovation, attractive rewards, and a growing community.
Bitcoin's 2024 Halving to 2025 Peak: Will BTC Reach $294K?📌Historical Observations
- 2012 Halving → 2013 Top:
Duration: ~1 year.
Price increase: ~8,600% (from ~$12 to ~$1,150).
- 2016 Halving → 2017 Top:
Duration: ~1.5 years.
Price increase: ~2,900% (from ~$650 to ~$19,500).
- 2020 Halving → 2021 Top:
Duration: ~1.5 years.
Price increase: ~900% (from ~$8,600 to ~$69,000).
- 2024 Halving → Projected 2025 Top:
Halving price: ~$64,000.
📌Identified Patterns
- Time from Halving to Peak: Peaks occur around 1.33 to 1.5 years after the halving.
- Diminishing Returns: Growth rates decrease with each cycle:
2012 to 2016: ~66% reduction in returns.
2016 to 2020: ~69% reduction in returns.
Expected reduction for 2024 cycle: ~60-70%.
📌Projection for the 2024 Cycle
Duration to Peak:
Add 1.33 to 1.5 years to the halving date (April 2024).
Projected top: June to October 2025.
Price Growth:
Assuming diminishing returns, we estimate 300% to 360% price growth from the halving price.
Next Top Price=Halving Price×(1+Growth Rate)
300% growth: $64,000 × 4 = $256,000.
360% growth: $64,000 × 4.6 = $294,400.
📌Final Projection
Next Bitcoin Peak Price: Estimated between $256,000 and $294,400.
Timing: Likely between June and October 2025.
Here’s to a successful and prosperous trading year ahead! 🎉
You’ve got this! Let’s make 2025 your best trading year yet.
~ Rich
BTC ShortThe chart reveals a classic distribution pattern in the Bitcoin market, marked by a significant peak followed by a consolidation phase. Distribution occurs after a strong uptrend, and as the price stalls and starts to move lower, it signals a potential reversal.
Our target is set at the 50% retracement level of the upmove, located around $78,682. This level represents a key support area and is a typical target for a corrective pullback after a distribution phase.
Price has shown weakness at the recent highs, and as we move forward, we anticipate further downside toward this target zone which would offer a nice buying opportunity in discount for further upside.
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
HelenP. I Bitcoin can break support level and fall to 88KHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price rebounded from the trend line and rose to the support level, which coincided with the support zone. Then price some time traded below the support level and later finally broke it. After this, BTC rose a little and then made a correction to the support zone, after which it turned around and started to grow to a resistance level. When the price reached the resistance level, which coincided with the resistance zone, it made a correction movement to the support zone, after which at once turned around and started to grow back. Later BTC reached the resistance level and broke it, after which grew to 108400 points and then dropped to the support level, breaking the resistance level. Then BTC some time traded near support level and then rebounded and tried to grow. But recently it fell back to this level, which coincided with the trend line, and continues to trades close. For this reason, I expect that BTCUSDt will make a small movement up. After this, the price turns around and starts to fall, breaking the trend line with the support level, after which make retest, or not and continue to fall. Therefore I set my goal at 88000 points. If you like my analytics you may support me with your like/comment ❤️
test 1 2 3 fending of the bears The DCA Champion & The Bears of Bitcoin
The moonlight glinted off the tall glass skyscrapers lining Satoshi Boulevard. Inside one of those sleek towers, a lone figure stood at the helm of a glowing command console. Charts flashed red and green across massive holographic screens, and the tension in the air was palpable.
They called him the DCAChampion. By day, he was just another crypto enthusiast working a regular job. By night, he donned his digital armor—an advanced suit of blockchain code and unwavering conviction. His mission? Steady, methodical accumulation of Bitcoin, come rain or shine, bull or bear.
Bitcoin: The Cyclic Pattern Unfolding Again?Analyzing the current BTC weekly chart reveals striking similarities to the past, specifically the cycle seen at the end of 2023 and the beginning of 2024. Let’s break it down step by step.
1. Price Movement Comparison
Late 2023 vs. Late 2024: At the end of 2023, Bitcoin experienced a sharp rally of around 65%, moving from the lows to a significant peak. Fast forward to late 2024, and we see a nearly identical pattern—again, approximately 65% growth from the bottom to the recent high. The symmetry is hard to ignore.
2. WaveFlow Indicator
On both occasions, the WaveFlow indicator paints an eerily similar picture. It shows a strong push from the lows to the highs, followed by an expected pullback before another rally. If history repeats itself, the current setup implies that BTC will form a second peak following an intermediate bottom in the near term.
3. PrimeMomentum Long-Term Signal
The red diamond signal from the PrimeMomentum Long-Term Signal BTC indicator appears in a nearly identical spot:
The beginning of 2024: Red diamond signaled a top before a significant correction.
Late 2024: The same signal has just appeared, aligning with a possible cyclical correction phase.
4. PrimeMomentum Oscillator
At the bottom of the chart, the PrimeMomentum oscillator shows behavior that mirrors the end of 2023. This resemblance reinforces the idea that Bitcoin’s price action is following a cyclic pattern.
5. Expectations and Forecast
January Correction: Based on these indicators and historical patterns, we anticipate a pullback at the beginning of January 2025, targeting a mid-range consolidation or support zone.
February–March Rally: Following the correction in the second half of January, a rally is expected, peaking around March 2025, similar to early 2024’s price action.
Post-March Decline: After March, we could see another downward phase, mirroring the price behavior in mid-2024.
Conclusion: The Power of Cyclicality
This chart showcases the undeniable rhythm of Bitcoin’s cyclicality. Indicators like WaveFlow and PrimeMomentum provide clear parallels between the current market state and historical movements. If the cycle repeats as expected:
Short-Term: Prepare for a correction.
Mid-Term: Watch for a strong rally.
Long-Term: Plan for another cyclical downturn.
The data strongly suggests that Bitcoin’s market structure continues to adhere to predictable cyclical trends. With this knowledge, traders can better anticipate key market movements and position themselves accordingly.
BTC, clear H&S top - more down to comeIt looks as though we have a head and shoulders top in play with BTC. Left, head and right are clearly marked on the diagram. If, the red neckline should be broken then we go down to the 70s which will present a wonderful buying opportunity for those who are not in or want to buy a little more. Long-term, we're still very much on the upward trend but be careful if you have any day trades for longs as the most likely probable outcome is down. Follow for more.
NOTHING !!After breaking the descending wedge, the price fell to the support line. As you can see, the price has now formed an ascending wedge, which is promising. The price could rise to FWB:98K or more than after breaking this wedge, but considering the Christmas holidays, this might take a bit longer.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
They wanna Cill us, But we will rise again soon!Bitcoin is oscillating in a rather boring price range, while altcoins have experienced a significant price drop. However, we shouldn't lose hope. A historical comparison suggests that we can expect growth in altcoins. This is not an investment advice, and I do not consider myself an expert analyst. Please invest in the crypto market with risk management in mind. Wishing you all the best!
AI16Z SWING LONG Entry level in Chart Top No 1AI Agent Project
I'm Watching 0.17 to 1.80 Target 4$ Next 3,4 months
Recently whales Buying 3,4 M
Bitcoin (BTC/USDT) - End of 2024 - Daily Price ConsolidationBitcoin (BTC/USDT) price is currently in a short-term downtrend and consolidation pattern (end of December 2024).
Bitcoin price needs to hold above $92,000 to $90,000 to avoid a daily bearish head-and-shoulders resistance price pattern.
Support Levels to the downside currently are: $92000, $90000, $87610, $85000, $81000, $76000.
Resistance levels to the upside currently are: $96500, $100000, $105000, $108000, $110000, $120000.
Daily and Weekly price consolidation is ongoing, and Bitcoin is seeking to establish the next higher-low support price.
Note: breaking news, corporate news, government law changes, stock market correlations, and crypto events can affect and override technical chart patterns.
Date: 12/30/2024 pm
BTC/USDT 1H chart reviewHello everyone, let's look at the 1H BTC to USDT chart, in this situation we can see how the price is moving in the local downward trend channel in which we very quickly saw a return to the lower border of the channel. Let's start, however, by defining the goals for the near future that the price must face:
T1 = $93,246
T2 = $94,045
T3 = $94639
T4 = $95,413
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $92462
SL2 = $91,530
SL3 = $90,550
Looking at the RSI indicator, we see
how we entered the downtrend again after dynamically exceeding the upper limit of the range.
About BTC Analysis and Averaging Down...
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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(USDT 1D chart)
I think USDT provides funds that support the coin market.
Therefore, it has a big impact on the coin market.
If this USDT gap continues to decline, I think the coin market is likely to turn into a downtrend.
I think the gap decline of USDT or USDC is a sign that funds are flowing out of the coin market.
(USDC 1D chart)
I think that the current continuous inflow of funds into USDC is preventing the coin market from turning into a downtrend.
However, I think that the impact of USDC on the coin market will be short-term because it has a lower impact than USDT.
USDC cannot form a USDC market on exchanges around the world, so it cannot help but have a lower impact than USDT.
Therefore, when USDT maintains a gap downtrend, if USDC also shows a gap downtrend, the coin market is expected to show a large decline.
----------------------------------------
(BTCUSDT 1W chart)
As a new candle is created, the HA-High indicator on the 1W chart will be created at the 94742.35 point.
Accordingly, the support around 94742.35 is an important issue.
If it falls without support,
1st: 87.8K-89K
2nd: 79.9K-80K
You should check the support around the 1st and 2nd above.
However, since the M-Signal indicator on the 1W chart is rising around 83.6K, it is important to check whether there is support when the M-Signal indicator on the 1W chart is touched.
-
(1D chart)
After passing the volatility period around December 27, it eventually reached the lower part of the sideways section.
Therefore, even if it continues to fall further, the key is whether it can touch the 92K-93.5K area and rise above 94742.35.
The next volatility period is expected to be around January 10, 2025.
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When the average purchase price falls below the average purchase price, it is best to cut your loss at the cut-off point.
However, from a mid- to long-term investment perspective, there are cases where you cannot cut your loss unconditionally just because the price falls, and you may have missed the time to respond.
In this case, you should eventually purchase more to lower the average purchase price and sell when it rebounds.
This is called averaging down.
The basic principle of averaging down is that you must purchase more than the current purchase principal.
(Usually in the stock market, you purchase more than the number of shares you currently own.)
Since decimal trading is possible in the coin market, there is an advantage of being able to purchase the purchase principal amount rather than the number of coins (tokens) you own.
In that case, the average purchase price will fall more than you think.
Therefore, in the coin market, having cash is very important.
If you have spare funds (cash), you can cut losses between 50% and 100% of the purchase principal when the price falls below the cut-off point, or you can respond without cutting losses at all.
If you do not have spare funds (cash), you should cut losses near the cut-off point.
At this time, it is important to secure cash by selling more than 50% of the purchase principal.
-
If you can manage your investment ratio as explained above, the next important thing is when to make additional purchases.
If you bought when the price fell by -10% as I mentioned in the previous "Example of how to trade without being able to analyze charts" idea, then when the price falls by -10% again, it is the time to make additional purchases.
Instead, you should purchase additional stocks that you bought according to your own standards when the price rebounds, lower the average purchase price, and then sell them when the price rebounds.
In other words, the additional funds purchased must be sold when the price rebounds.
Otherwise, when it falls below the average purchase price again, the funds for the next additional purchase will increase significantly, so you will end up giving up without doing anything.
The important thing here is to know how much the original purchase principal was before you start averaging down.
The reason is that when you purchase additionally and then rebound and sell the amount of the additional funds purchased, the number of coins (tokens) remaining may change.
If you purchase additionally and the price rebounds, but it does not rise above the average purchase price and shows signs of falling, it is considered a loss from the overall trading perspective.
However, since you sell the amount of the additional purchase when the price rebounds, it is likely to be a profit when looking at the average purchase price of the additional purchase.
In other words, the coins (tokens) for that profit will remain.
Therefore, if you do not know the original purchase principal, you may end up investing excessive funds the next time you purchase additional funds.
Excessive investment of funds can eventually be applied due to psychological anxiety and pressure, which can cause you to make inappropriate transactions.
I will publish how to select the timing of additional purchases when I have the next opportunity.
However, you should select it by looking at the movements of the StochRSI, BW, DOM auxiliary indicators added to this chart and the M-Signal indicators on the 1D, 1W, and 1M charts.
At this time, if there are support and resistance points drawn on the 1M, 1W, and 1D charts, you can trade based on whether there is support or not.
Since the MS-Signal indicator on this chart is the standard for trend reversal, you can use it.
However, it is recommended to proceed with additional purchases based on the 1D chart.
-
Thank you for reading to the end.
I hope you have a successful transaction.
--------------------------------------------------
- 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.
-
(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.
-
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.
-
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
-----------------
Ethena Price Shows Bullish Momentum After Breaking ResistanceThe cryptocurrency market has its eyes on Ethena (ENA) as the token broke out above the critical $1 resistance level, signaling a bullish trend. We are predicting gains of up to 35%.
Breakout Above $1 Signals Bullish Sentiment
Ethena’s price has established a bullish trajectory after breaking through the crucial $1 resistance level. This breakout marks the end of a prolonged downtrend, during which the price bottomed out and began forming higher lows. Strong buying pressure accompanied the move, evident from large green candlesticks on the chart.
The $1 level, previously a significant resistance, has now transitioned into a robust support zone. We observe that the $0.97-$1.00 range is crucial for maintaining upward momentum. Holding above this level will be essential for MIL:ENA to sustain its bullish outlook.
Technical Outlook
As of this writing, MIL:ENA is up 5.68%, trading within a bullish horizon. The altcoin’s Relative Strength Index (RSI) sits at 54, indicating there is ample room for further upward movement. MIL:ENA has broken out of a presumed falling trend channel, reinforcing its bullish momentum.
The 1-month high of $1.32 serves as the next significant resistance point. If MIL:ENA can breach this level, it could pave the way for even greater gains. However, caution is warranted due to the broader market’s volatility, particularly Bitcoin’s recent price swings. Should CRYPTOCAP:BTC dip to $90,000 or the psychological $85,000 level, it could exert downward pressure on MIL:ENA , potentially causing a retreat to its 1-month low of $0.76.
Conclusion
Ethena’s breakout above $1 marks a pivotal moment for the token, signaling the potential for significant gains. With strong technical indicators and bullish market sentiment, MIL:ENA appears poised for a rally. However, traders should remain vigilant, considering the broader market’s influence on altcoin performance. As MIL:ENA continues to hold above $1, the coming days could bring substantial price action and opportunities for investors.
Bitcoin finding its bottomBTC is in a sideways structure either looking for a ChOfCh or a break of structure. A continuation down would be in line with the structure being a bear flag and the target would be ~87k. The daily would most likely be oversold at this level and present the best RR opportunity to accumulate.
Bitcoin Retested A Major Support To The Dollar!Greetings Traders,
I hope you all had a Merry Christmas and are bracing yourself for a massively bullish new year full of health and wealth along the way.
Today, we have seen Bitcoin retest our major support (previously resistance). Remember, this trendline was drawn from the wick high of April 2021 to the wick high of November 2021. I then extended this line infinitely to the right. This gave me my end of year target for 2024 a year and a half in advance. It has proven to be significant in the previous weeks as we bumped our heads up against it as resistance. Now, it has proven to be support. Should we break to the downside of this trendline, the drop would be pretty big and I would re-analyze and update at that point. For now, our trendline is holding price above 92k and we have bounced nicely. You all should have this line drawn on your Bitcoin chart. I don't care what any other analyst states (I really don't know any others that have spotted this TL), this line is critical! Watch it closely.
✌️ Stew
BTC Target Price & Supports after 12/30/2024 structure break.BTC has broken its current market structure and is now seeking new support. I’ve identified three key support zones and a potential target price to monitor for the future. I plan to execute three trades, each with a 2% risk allocation. The exit strategy will be determined later, but for now, the target price serves as the anticipated level for evaluation.
