BITCOIN rejected on the 1st real Resistance of the Bull Cycle.Yesterday's brutal Bitcoin (BTCUSD) rejection caught the majority of the market off guard. There are a few fundamental reasons, there is the exhaustion of the post-election euphoria, there is the psychological weight of the $100000 barrier. However there is one major technical reason that has gone under the radar and we'll explain it to you below.
** The Fibonacci Channel and the 0.236 Fib **
As you can see on this chart, the underlying pattern has been a Fibonacci Channel going through the last 3 Cycles (including the current one). The pattern started with a strong rebound on its bottom (green circle) that formed the December 2013 Top. That Cycle Top was on the 0.236 Fibonacci level of the Cycle and that is a level that rejected rallies during Bull Cycles on June 24 2019 and May 11 2024.
** The '1st Real Resistance of the Bull Cycle' **
That is the Fib trend-line that (more recently) rejected the uptrend on November 22. We can call this the '1st Real Resistance of the Bull Cycle' as this is the first major rejection level that a Bull Cycle faces before the eventual Top. That high during the last 2 Cycles has been on the 0.0 Fibonacci level, technically the top of the Channel (red circles). The red spot on the current Cycle in late 2025 doesn't represent a projection but is an illustration for comparison purposes.
** Top timing and the 1W MA50 **
On a side-note, it is interesting to observe that the duration of each of the past Bull Cycles has been roughly 150 weeks (1050 days) so a repeat of this pattern would give us a High towards the end of September/ early October. It is much better to try to time the High and sell that put an actual price tag on it. Equally interesting is the fact that even though BTC is on a technical rejection, the current rally started on the August 05 2024 Low, exactly on the 1W MA50 (blue trend-line). Technically, as long as this trend-line holds, the cyclical bullish wave should stay intact.
But what do you think? Do you think the 0.236 Fib i.e. the '1st Real Resistance of the Bull Cycle' will extend the correction? Feel free to let us know in the comments section below!
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Btc-e
We are preparing for an attempt to reverse the monthAs we approach the end of the month, the probability of correction increases, and therefore I want to once again consider the prospects for the coming week. Bitcoin successfully pierced the key level of 100k, which was the main goal of the bulls, leaving a signal for further market growth. However, this movement occurred against the rapidly growing dollar and closer to the closing of the monthly candle, there is a possibility of the crypto leveling off under the foreign exchange market with an attempt to turn the monthly candle into a bearish one. For bitcoin, this could threaten a retest of 75-77.5K. This movement will occur against the established trend, which is highly likely to lead to a quick buy-off and pinbar on a daily or weekly chart with continued growth in the new month with targets of 110-115 for bitcoin.
Ether, against the background of a calm trend in bitcoin, worked out the planned scenario with the 3500 test. In the new week, I expect continued growth in the first half of the week on the inertia of the formed trend with an attempt to break through 3600-3750. But from Tuesday evening or Wednesday, the probability of an attempt to reverse the month will prevail until the retest of 3000 to collect previously left volumes of sellers with further payback. The opening level of the new month will be important at the end of the year, but at the moment the probability of growth in the first half of December prevails due to the positive opening of the second half of the quarter. The first impulse to sell on the eve of a major correction is likely today, which may lead to a retest of 3250 and the beginning of a reversal for many overbought coins, which will continue until the end of the month. In connection with this picture, it is worth being careful about coins that have shown significant growth, since there is a high probability of a transition to a prolonged decline. The more oversold coins, which have not yet shown significant growth due to the bearish trend that has remained on the indicators, still have the opportunity to show good growth against the background of continued market growth until the beginning of December at least.
For vib, I still expect a fairly stable continuation of growth with an attempt to consolidate above 0.1 and a further breakdown at 0.15-25, since the token remains heavily oversold on large charts. But on the indicators of the weekly chart, a trend change is already acceptable before the end of the month, which will lead to more confident growth. This token often grows against a falling cue ball. The gft is also starting to increase its growth rate, which has also finished extinguishing the bearish trend on the weekly chart and there has been a trend change on the daily chart. In this regard, we can expect a movement against falling tops. I continue to use these tokens to store funds in the medium term due to the high growth potential.
According to akro, there is also a growth potential up to 5X, but the dampening of the bearish trend is not over yet. In addition, incomplete emission exerts significant pressure, and therefore a rollback to a retest of 0.00375-400 with further growth above 0.005+ can be expected.
Riskier assets like oax and vite, although they have unclosed goals at the end of last week, they are not in a hurry to work out. Apparently, market participants are afraid of delisting in the coming week, where these assets may fall. There has been no delisting so far this month and the last week remains. If these assets do not get into the next announcement, I will take them to work on an ongoing basis in order to move.
Bitcoin is cementing its place in the annals of history! TA+TPThe current price of Bitcoin is at 93,278.71 USD. The chart indicates that it is in a phase of consolidation after reaching a high of 93,751.08 USD.
Bitcoin is showing some resistance around the 95,000 USD mark, as reflected by the upper blue horizontal lines at 96,000 USD and 99,889.79 USD.
Immediate support levels are visible at 88,000 USD and 86,721.16 USD, which are key for any potential pullback scenarios.
VMC Cipher B Divergences:
The indicator below the price chart shows divergences, with several red and green signals. The recent trend indicates potential bullish momentum but with some caution as the negative divergences (highlighted by the red bars) suggest a weakening of bullish momentum in the short term.
The price is consolidating at the 93,278.71 USD level, and the indicator below indicates caution as some weakness is apparent in the buying pressure.
RSI (Relative Strength Index):
The RSI is at 38.90, indicating that Bitcoin is currently in an oversold condition, signaling a potential buying opportunity if the price remains above 30. However, this is still below the typical neutral level of 50, suggesting the price may continue to struggle to break resistance levels.
A move above 50 would indicate more upward momentum, but the current RSI reading suggests caution in the short term.
Money Flow Index (MFI):
The MFI is at 40, which indicates neutral flow. It suggests that there isn’t significant accumulation or distribution happening, implying market indecision. We would look for this indicator to trend upwards for confirmation of bullish sentiment or downward for further bearish movement.
Stochastic Oscillator:
The Stochastic Oscillator shows a reading of 23.07, which is considered an oversold level. This could indicate that Bitcoin is due for a potential reversal upward if the oscillator starts to turn higher. However, the overall trend still suggests caution as the price has not yet decisively moved out of consolidation.
Key Resistance Levels:
95,000 USD: Strong resistance near recent highs.
96,000 USD and 99,889.79 USD: Major resistance levels to watch for potential breakouts.
Key Support Levels:
88,000 USD and 86,721.16 USD: Immediate support levels.
73,654.77 USD: A deeper support level in case of significant pullback.
Trading Plan:
Bullish Scenario:
Entry: A breakout above the 95,000 USD resistance with an RSI showing upward momentum (above 50) could provide a bullish entry point.
Target: Initial target at 96,000 USD, with secondary targets at 99,889.79 USD.
Stop-Loss: Place a stop-loss below 88,000 USD to mitigate risk.
Bearish Scenario:
Entry: If the price breaks below the 88,000 USD support level with confirmation from the RSI dropping below 30 and negative momentum on the MFI, consider shorting Bitcoin.
Target: Set targets at 73,654.77 USD and 71,532.73 USD.
Stop-Loss: Place a stop-loss above 95,000 USD to protect against a reversal.
Neutral/Consolidation Play:
Range Trading: If Bitcoin continues to consolidate between 86,000 USD and 95,000 USD, consider trading the range, buying near the lower support and selling near the resistance, with proper risk management.
Conclusion:
Bitcoin is currently in a consolidation phase with some weakness in momentum indicators. The next moves will depend on how the price reacts at key resistance levels around 95,000 USD and support around 88,000 USD. A breakout could offer bullish opportunities, while a breakdown could lead to further downside potential.
Carefully monitor RSI, MFI, and the Stochastic Oscillator for early signs of reversal or continuation. Use proper risk management strategies to navigate volatility.
What will happen to Bitcoin?Bitcoin is in a post-pattern movement. In these movements, the price rises in an IFC manner and shows no inclination to fill the IFCs, while many FVGs form along the way, but none are filled.
Bitcoin is now close to the psychological resistance of 100K. There is a possibility that Bitcoin might experience some correction between the 100K to 105K range, and we could witness an X wave.
If a correction occurs, you can rebuy in the green zone. Those who are out of the market can't stay out forever; they must form a setup!
If Bitcoin consolidates or experiences a mild correction, altcoins could pump during this period.
The next target step for Bitcoin could be in the range of 118K - 125K.
If a daily candle closes below the invalidation level, this setup will expire
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
PENDLE Long Spot Trade (Bullish Continuation) Market Context:
PENDLE, a standout in the Ethereum ecosystem, is maintaining bullish momentum, printing higher lows while holding above the 200-day EMA. These signals point toward a continuation of the uptrend, with a likely retest of prior highs.
Trade Setup:
Entry Zone: Around $4.50
Take Profit Targets:
First target: $6.80
Second target: $9.40
Stop Loss: Daily close below $4.00
This trade focuses on strength in a trending market, with well-defined support and upside targets. Monitor for volume confirmation and any deviations below the 200-day EMA.
The key is whether the box section and pull back can be created
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(BTCUSDT 1D chart)
The HA-High indicator, which showed signs of being created yesterday, is expected to be created for sure this time.
Accordingly, the key is whether it can be supported near 96372.40 and rise above 98892.0.
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Since the creation of the HA-High indicator means that a high section has been created, I think that whether there is support near the HA-HIgh indicator can be an important criterion for predicting future trends.
First, we need to check how the box section is formed after the HA-High indicator is created.
Since the box section is usually formed above and below the HA-High indicator, it also means a section that moves sideways to the HA-High indicator section.
However, there are cases where a trend is formed right away without forming a box section, but since such cases are extremely rare, I think you don't need to worry about this.
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What we need to consider is whether the MS-Signal (M-Signal on the 1D chart) indicator can be touched and risen.
In other words, if the MS-Signal (M-Signal on the 1D chart) indicator is touched and rises while creating a box section of the HA-High indicator, a pull back pattern will be created and an upward price adjustment will be experienced.
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If not, and it falls below the MS-Signal indicator, there is a possibility that it will touch around 79.9K-80.9K.
This section was explained yesterday with the 1W chart.
Therefore, you can see how important the MS-Signal (M-Signal on the 1D chart) indicator area is.
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The next volatility period is around December 3rd.
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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 maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it 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, it is expected that this Fibonacci ratio will 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 this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for 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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ALT SENSATIONAL Everyone is watching this 60% level on CRYPTOCAP:BTC.D for the potential reversal from bitcoin dominance into alts. And I agree based on the order block and golden zone confluence.
The next step I take if I believe an alt season is soon, which is around the corner sooner than one would think, is to hawk the btc and ratio pair charts.
Here are a few that have piqued my interest as of now. This does not mean they immediately pump but rather offer some decent risk reward trade opportunities. I have no idea if these are the generational bottom but frankly they could be.
MEXC:TAOUSDT TAO
BINANCE:BNBUSDT BNB
OKX:OPUSDT OP
BINANCE:NEARUSDT NEAR
BINANCE:AVAXUSDT AVAX
BINANCE:JUPUSDT JUP
CRYPTO:WIFUSD WIF
- Robinhood + Coinbase wombo combo listing
Always be pitting your favorite altcoin vs btc or vs the native chain token the coin is on. Like PEPEETH or BONKSOL etc.
Oftentimes the true bottom or the major turning points present themselves once the ratio pair charts begin to reach key levels of support or resistance. Study and track diligently.
Some alts have already had an initial push up probably taking out some short liquidations. The key is looking for the laggards and the bull divergences.
BTC/USDT - Rising Wedge Breakout - H4 ChartThe BTC/USDT pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Rising Wedge Pattern. This suggests a shift in momentum towards the downside in the coming Days. BINANCE:BTCUSD
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 93,400
Target Levels:
1st Support – 84,600
2nd Support - 78,210
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
BTC showing weaknessBTC is showing some weakness just below the $100k target. The trend is still intact however there are signs of divergence that suggest that we are close to a top. Probability suggests that getting into fresh longs at these levels is risky. Focus on the break of trend and the change of character.
A rercurring Topping Pattern - Take (partial) Profit?What's this?
..just a Pattern.
..a recurring pattern.
..a very similar, recurring pattern.
So what is this post good for?
Maybe just a heads-up?
Or just that you can roast me to point out that BTC is stretched, and has a high chance of pulling back or even going South.
However, be happy, not angry §8-)
MicroStrategy Acquires 55,500 BTC More Amidst Market Intrigue MicroStrategy, the leading corporate Bitcoin holder, has once again made headlines, acquiring an additional 55,500 BTC for a staggering $5.4 billion between November 18 and 24, 2024. This brings their total holdings to 386,700 BTC, purchased at an average of $56,761 per Bitcoin. As the fourth-largest Bitcoin holder globally, trailing only Satoshi Nakamoto, Binance, and BlackRock, MicroStrategy continues its unwavering commitment to its Bitcoin Strategy, a vision initiated by co-founder Michael Saylor in August 2020.
Fundamental Analysis
MicroStrategy’s strategic Bitcoin accumulation has solidified its position as a market leader in institutional crypto adoption. This most recent purchase represents a 35.2% quarter-to-date (QTD) and 59.3% year-to-date (YTD) BTC yield, outperforming most traditional financial assets. The market has responded favorably:
- MSTR stock surged 6%, indicating investor confidence in the Bitcoin-centric approach.
- The company briefly entered the top 100 publicly traded US companies**, showcasing its growing influence.
- Speculation is rife regarding its potential inclusion in the **Nasdaq 100** during the annual re-ranking announcement on December 13.
In comparison, MARA Holdings, the second-largest Bitcoin-holding public company, remains significantly behind, with only 33,875 BTC. MicroStrategy’s aggressive approach has redefined corporate investment strategies, further legitimizing Bitcoin’s role in financial portfolios.
Speculations Around Satoshi Nakamoto
Adding intrigue to Bitcoin’s narrative, researchers from BTCparser have unearthed a conspiracy theory involving wallets attributed to Satoshi Nakamoto. These wallets, inactive since 2010, allegedly began liquidating BTC in November 2019, selling $176 million worth in November 2024 alone. The theory speculates deliberate profit-taking while maintaining anonymity, fueling debates about Bitcoin’s creator’s involvement in the market.
Technical Analysis
At the time of writing, Bitcoin is trading 3 lower, consolidating within a falling trend channel. This phase may signify temporary weakness or a precursor to a significant breakout.
Key technical insights:
- Support Levels: Immediate support exists in the $90,500–$94,700 range, with $85,000 acting as a critical fallback if bearish momentum strengthens.
- Resistance Levels: Breaking $100,000 could trigger a rally into uncharted territory, testing market resilience. Supply dynamics will likely determine if this milestone results in a price squeeze or continued upward momentum.
- Indicators: Bitcoin’s RSI and moving averages suggest mixed signals, reflecting consolidation. However, the formation of a Falling wedge pattern hints at potential bullish reversal.
If Bitcoin breaches $100,000, we predict a rapid ascent to $180,000, supported by increasing demand from institutions and retail investors alike. However, failure to hold key support levels could lead to corrections toward mid-$80,000, signaling potential accumulation opportunities for long-term holders.
Market Outlook
The intersection of MicroStrategy’s aggressive accumulation, evolving narratives around Satoshi Nakamoto, and Bitcoin’s technical positioning paints a compelling picture. While Bitcoin faces near-term volatility, the long-term trajectory remains bullish, with institutional adoption and mainstream interest fueling its rise.
As Bitcoin flirts with the $100,000 milestone, the question is no longer if but when it will redefine its historic peak. Amid speculation and strategic accumulation, Bitcoin continues to solidify its status as the apex asset of the digital economy.
Will Bitcoin reach $100,000 before year-end, or will resistance levels delay the inevitable? Stay tuned.
GMX Long Spot Trade (Accumulation Breakout)Market Context:
GMX is exhibiting signs of accumulation exit, with price action hinting at a potential breakout. A sustained move above $30, followed by a successful retest of this level as support, could confirm continuation toward higher targets.
Trade Setup:
Entry Zone: Around support at $30.00
Take Profit Targets:
First target: $40.00
Second target: $49.50
Third target: $70.00
Stop Loss: Daily close below $25.00
This trade capitalizes on the breakout potential and a confirmed support flip for a strong upward continuation. Keep an eye on volume to confirm breakout strength.
Bitcoin Correction Started!?Bitcoin ( BINANCE:BTCUSDT ) started pumping again today with the help of the following two News :
1-Chinese Court Declares Bitcoin and Crypto Ownership Legal.
2-Trump Plans White House Crypto Advisor Role.
These days, Bitcoin is more influenced by the news than before.
Bitcoin managed to break the Important resistance lines with the help of the above news .
Since Bitcoin does NOT have a previous price history at current prices , its analysis is associated with challenges, but I will try to analyze it for you with technical analysis tools and other parameters .
Bitcoin reacted well to the new Potential Reversal Zone(PRZ) .But Bitcoin could not touch the magic number of $100,000 ; one of the reasons for not touching this number is many sell orders that were exactly on the number of $100,000.
According to the Elliott wave theory , Bitcoin has entered five new impulsive waves after breaking the important resistance lines. It completed the main wave 5 .
It seems that we can wait for Bitcoin correction waves .
In terms of Classic Technical Analysi s, Bitcoin seems to be completing the Bump phase and entering the Run phase of the Bump-and-Run Top Pattern .👇
It also seems that USDT.D% ( CRYPTOCAP:USDT.D ) will have an upward trend , which can cause Bitcoin correction .
I expect Bitcoin to attack the lower line of the ascending channel after approaching the Resistance zone($97,642-$97,180) .
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
⚠️ Note: If Bitcoin goes above $98,700, we can expect it to touch $100,000. ⚠️
⚠️ Note: Bitcoin can start to rise again from the lower line of the ascending channel. ⚠️
⚠️ Note: We should expect a deeper correction if Bitcoin goes below the Support zone($95,600-$92,000) and breaks the lower line of the ascending channel ⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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BTCUSD rejected before $100k. Don't panicAt the start of this month, BTCUSD was sitting below $70k. Look where we are now.
Lets see if BTCUSD will hold this 1H candle trendline. If we break below, we'll observe whether the top level of support from the last 2 weeks holds.
If we don't succeed in holding the orange level, we can see BTCUSD come back down to 86k-93k and accumulate some more before coming back up to break 100k.
& believe me when I say it, we are going to break 100k and more.
BITCOIN | MACRO OUTLOOK | Top is IN | ALTCOINS SHINEI've been risking my opinion for the better part of a year, saying that the ATH is stilllll coming. Now, it's time for me to choose my trades again; and I'm choosing to take my profits here.
Here's a replay of an entire year's worth of BTC updates, incase you want to verify😉:
The next thing I'm looking at is the continuation of Altseason , because the TOTAL3 chart peaks AFTER the BTC high. I touched a little bit on this mechanic here; but I think I'll do another update on that in coming days.
After alts top-out, for BTC bounce zones I'll consider the moving averages, Elliot wave corrective theory, and previous resistance zones as new bounce zones. But this is near term, not short term.
Stay tuned!! Cheers to the believers 🥂
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COINBASE:BTCUSD