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BTC BULLISH SCENARIO 27.09.2024📌 Bullish Outlook: 📌 📌 Scenario 1 - 1D Timeframe: 📌 This is the only bullish scenario currently under consideration. The confirmation for this setup would be a breakout above the previous ATH (All-Time High), which stands at $73,835. Important Note: This wave represents the final leg of the entire bullish cycle. It’s characterized by increased volatility and risk, as the uptrend could end abruptly. How to Trade It: Regularly take profits as the price moves higher. Gradually exit positions instead of waiting for the absolute top. The moment BTC hits the actual cycle top, it could see a 20-30% drop in a single day. Recoveries can take months or even years if one gets caught in this position, as the market could transition into a prolonged bear phase until the next bullish cycle. Technical Details: The analysis shows clear wave structures. Wave 4 bottomed at $49,043, sitting on the 0.5 Fib level, a typical strong support for Wave 4 in Elliott Wave Theory. Targets: $85,406 – $92,679 — These are nominal targets based on current wave projections, without considering extended waves. Invalidation Level: $52,413 — If the price falls below this point, it would confirm one of the bearish scenarios instead. Causion: BTC is currently at a critical juncture. While a bullish continuation is possible, it requires breaking the previous ATH to confirm. On the other hand, the bearish scenarios provide multiple levels of confirmation, including bearish divergences and trendline breaks, which could suggest a deeper correction if confirmed. Traders should maintain a cautious approach, utilize appropriate risk management, and stay nimble as the market reveals more information. ⚠️ Disclaimer: ⚠️ 🚫 This is not financial advice. Trade responsibly and conduct your own research before making any decisions.🚫
COINBASE:BTCUSD
by RhinoAkaBear
2
Don't F@ck up the Banana zone!This is the Others marketcap vs the Bitcoin Market cap chart. With their respective Banana zones for the past couple cycle and the current one we have already started. The KEY takeaway is you should be feeling the FOMO and kind already have been deployed into your favourite #Alts This #altseason may yield one of the worst performances in a cycle --- which I have warned a few times now. And finish sooner than you think. If you had waited for confirmation of a altcoin breakout and rotated/bough at the sad face this how your returns would have been crippled. 21 X ----> 5.8X 2017 6.4X ----> 3X 2021 3/4X -----> 1.75X/2.3X 2025 Drastically different. I hope you have found this chart informative. Smash the likes.
CRYPTOCAP:OTHERSLong
by BallaJi
Altcoin Market Breaking Out: Bull-Flag!Altcoins have been steadily losing value against BTC ever since the March top. However, TOTAL3 (total marketcap minus BTC+ETH marketcap) has finally broken out of a 6-month bearish channel pattern, making it a successful bull-flag break out. It's too early to call for a definitive continuation of the trend, but at least a major long-term pattern has changed as of this week. For now, I'm hoping for a move towards the yellow line, being the 2024 top. With a BTC Dominance at 57.5%, it would most likely lead to a new BTC all-time high if the altcoin market reaches the 2024 top. Potentially exciting times ahead!
CRYPTOCAP:TOTAL3Long
by FieryTrading
$BTC update, raising channel up to 65k?CRYPTOCAP:BTC has reversed after dropping to GETTEX:52K (falling channel in orange) and is now recovering on the 1D chart. On the 1W chart, there is also a sign of reversal and RSI too. My forecast is that before taking off, CRYPTOCAP:BTC will strengthen within this rising channel (in blue). There's strong support at $47- GETTEX:48K , which should hold. Based on the RSI and MACD curves, the uptrend should continue until it reaches the resistance at $67-$68k. Afterward, I anticipate a more severe correction, but the price should remain within the rising channel for some time. The parabolic phase hasn't started yet, so I expect another drop to the bottom of the wedge before the next big move begins. I will update this idea as it develops. Most of my previous ideas have been accurate, so feel free to check them out and follow me for more forecasts.
Long
by CryptoNikkoid
1
Technical analysis of the Bitcoin/US Dollar 4H chart by BFTechnical analysis of the Bitcoin/US Dollar 4H chart by Blaž Fabjan BTW: My previous analysis was accurately forecasted. Technical Overview: Descending Trading Channel (Past Trend): The chart shows a previous descending trading channel that occurred in August and early September. During this period, the price was continuously making lower highs and lower lows, indicating a bearish trend. The channel was eventually broken at the marked point, followed by a reversal. Reversal Signal: A clear breakout from the descending channel occurred, signaling a potential trend reversal. This was confirmed with a higher low formation just before the breakout. Ascending Trading Channel (Current Trend): After the breakout, the price moved into an ascending trading channel, with visible support and resistance lines marked in the chart. The price has been oscillating within this channel, with higher highs and higher lows, indicating a bullish short-term trend. The chart shows a current position near the support of this ascending channel. Potential Bounce (Highlighted Area): There is a highlighted area where a price bounce is expected around the support of the ascending channel. The chart suggests a potential upward movement toward the upper resistance of the channel. The overall market sentiment is bullish within the channel, and the projected path is an upward movement. Indicators: VMC Cipher B: Shows divergences and a rising momentum (green dots indicate potential buy signals). RSI (14): Around 63.72, indicating mild bullish momentum but not overbought. Stochastic RSI: Stochastic RSI is at 83.55, showing that the price may be nearing overbought conditions, which could indicate a temporary pullback before continuing the upward trend. HMA Histogram: Histogram is red, indicating a slight bearish correction, but the overall bullish channel and indicators suggest it is likely a minor pullback before the continuation of the uptrend. Trading Plan: Entry Point: Consider entering a long position near the lower boundary (support) of the ascending channel, around the current price level (potential bounce area). Monitor the RSI and Stochastic RSI levels to ensure that a bounce is confirmed. Stop Loss: Place a stop loss just below the lower boundary of the ascending channel to protect against further downside risk. This would be below the recent support level. Take Profit: Target the upper boundary (resistance) of the ascending channel for the first take-profit level. If a strong breakout occurs above the channel, the next take-profit target could be around $68,000, following the upward projection marked by the arrow. Risk Management: Given the overbought levels in the Stochastic RSI, consider scaling into the position or waiting for confirmation of a bounce to reduce risk. Adjust stop-loss as the price moves higher, to lock in profits. Monitoring: Keep an eye on macroeconomic events, as external factors can impact Bitcoin's price. Pay attention to potential divergence signals in the VMC Cipher B for early warnings of trend reversals. This analysis suggests a bullish continuation in the short term, but caution is advised due to the potential for pullbacks as indicated by the overbought Stochastic RSI levels.
MARKETSCOM:BITCOINLong
by elfabiiani
BTC/USDT 1DAY CHART UPDATE !! The white lines on the chart appear to indicate resistance levels, connecting the recent highs over the past months. The price has struggled to break above these lines multiple times. The yellow circles mark significant points where the price approached or tested the upper resistance, but failed to sustain a breakout. These points often signal rejection from resistance levels. The price movement seems to form a descending triangle (a bearish continuation pattern), with a downsloping resistance line and a relatively flat support level, represented by the green trendline at the bottom. The latest candle shows a price of around $65,319, and it is testing the resistance line again. This could lead to a breakout if the resistance is overcome or another rejection if the pattern holds. Would you like more insights on potential scenarios or further technical analysis? Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
by CryptoSanders9563
Bullish BitcoinBTC 1day looks bullish af right now and CT is lit with Bitbulls I am one of them but I can't get it out of my mind that 'they always take her down before mega up only' So it would be fitting here that we see some more up maybe to range highs striking a sixth lower high in a row with 4 lower lows to make the bull flag bullish af pattern before the nuke back to take out the longs from 55-57k There are some calls for 49k maybe we don't get there but certainly feasible to see price at around 56k going through the weekend before up only October especially if we get a green end to September
Long
by Hollowzep
Overheated state of all timeHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The current situation is showing an overheated state of all time. Accordingly, there seems to be a possibility of a sharp change in the StochRSI indicator. Since it touched the expected rising range, there is a possibility that a price adjustment will begin to lead to an additional rise. If it falls below 63118.62-64000.0, 1st: M-Signal on the 1D chart (current location 61759.99) 2nd: 59053.55 You should check for support near the 1st and 2nd above. If the upward trend continues and rises to the 65920.71-67614.25 range, there is a possibility that the StochRSI indicator will show a reversal phenomenon, but I don't think that will happen because I don't think that has happened so far. In other words, there is no phenomenon of divergence in the indicator due to excessive upward trend. - The StochRSI indicator was reset after February 18, but the price drop was not large. I think that in order for the current overheated state to lead to additional rise, it should show at least the same movement as after February 18. - When you think that it might go up without doing anything, it is a high point and I think it is a good choice to watch the situation a little more. --------------------------------------------- DMI is displayed as a line, and OBV is displayed as a column. DMI is easy to interpret, but OBV can be a bit difficult. The reason is that OBV is displayed by dividing it into 4 sections. 1. Above High Line: Dark Orange (#e65100) 2. Mid Line ~ High Line: Orange (#ff9800) 3. Low Line ~ Mid Line: Aqua (#00bcd4) 4. Below Low Line: Blue (#2962ff) The above 4 sections are divided and the rise and fall are indicated based on the 0 point. What you should pay attention to here is the state of DMI when each section is crossed. This is because there may be a change in trend when OBV exceeds the range when DMI rises and falls based on the 0 point. (In other words, the trend change occurs and DMI and OBV change, but I explained it the other way around for easier understanding.) Accordingly, if we interpret the current state, it shows a strong upward trend. - DMI is maintaining an upward trend above 0 point - OBV is above the high line: a dark orange (#e65100) range has occurred - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The range 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 -----------------
by readCrypto
BITCOIN making a huge break-out as we speak.A little more than a week ago (September 17, see chart below), we made clear that if Bitcoin (BTCUSD) broke above July's Lower Highs trend-line (the Descending Triangle's Top), it would be a major bullish break-out for the long-term: And so it did and today we witness another strong daily rise as the price broke above the August 25 65000 High, cementing and confirming all bullish break-out bias. ** Similar break-out happened 1 year ago ** What's even more interesting is that we saw almost the exact same break-out a year ago on October 01 2023, when BTC again broke above its 1D MA200 (orange trend-line) just after the Lower Highs break-out of an identical Descending Triangle. It is remarkable that the market was also on a 6-month consolidation phase at the time, with a clear Resistance and the 1W MA50 (red trend-line) supporting. The bottom was priced exactly when a 1D Death Cross was completed, just like the current phase did on August 05. ** 6-month Resistance break leading to +200% rise ** After a quick 10-day consolidation following the Lower Highs break-out, the 2023 fractal then 'attacked' the 6-month Resistance Zone and broke it aggressively, confirming the emergence of a violent Channel Up that, after almost a +200% rise, it would take Bitcoin to March's All Time High. ** Fed and U.S. elections immensely bullish ** With the Fed having started a new Rate Cut Cycle last week with an aggressive -0.50% cut and the U.S. Presidential Elections in November historically being a huge bullish event (as explained in one of our recent publications), there is no reason not to expect a similar rally. We are expecting to see $95000 towards the end of the year. So what do you think? Is this a huge bullish break-out for Bitcoin and if so, can we experience a an October 2023 - March 2024 rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
11
Bitcoin Weekly Analysis : Important Bullish Update (READ)Given the recent rise of #Bitcoin in the weekly time frame and reaching $65,000, as expected, strong support was established at $52,750, and the price did not break below $49,000. In this scenario, the short-term targets for Bitcoin are at $67,700 and $71,800. Additionally, based on previous analyses, Bitcoin's mid-term target is $80,000. With the upcoming release of the Core PCE Price Index (Personal Consumption Expenditures) report tomorrow, it's important to note that this report directly impacts the Federal Reserve's monetary policy decisions. If the Core PCE data comes in as expected (0.2%) or even lower, the markets will likely feel less pressure for rapid interest rate hikes. This would benefit riskier assets like Bitcoin, as investors facing controlled inflation and more lenient monetary policies would turn to digital and high-risk assets. In this scenario, Bitcoin is likely to continue its upward trend and reach the short-term targets of $67,700 and $71,800. In the medium term, with easing inflation concerns and stable interest rates, Bitcoin could see further strength, potentially reaching the $80,000 level. However, if the Core PCE data exceeds expectations, indicating higher-than-anticipated inflation, the Federal Reserve may decide to implement more aggressive tightening measures, such as increasing interest rates. This could strengthen the dollar and put short-term pressure on risk assets like Bitcoin. In this case, Bitcoin might experience some downward volatility, with potential support levels at $62,000 and $60,000. However, given the strong fundamental demand and technical factors for Bitcoin, such fluctuations would likely be temporary, and Bitcoin is expected to eventually resume its upward trajectory. The more likely scenario is that Core PCE will come in at or below expectations, providing breathing room for crypto markets and further boosting Bitcoin. However, careful risk management and quick reactions to the data are advised during this critical period.
Long
by ArmanShabanTrading
1
Wyckoff accumulation Schematic 2 setting up in the market:My thoughts on the crypto market looking at the HTF to the LTF setups playing out in these lows in altcoins. Im thinking we capitulated into HTF key demand levels and SSL in August for the august monthly candle leaving a large downside range in most pairs creating the sellers climax (SC) event with huge volume nodes and wicks, starting the initial phase of the accumulation process in this local range and stopping the previous trend. We have then ranged further and reaccumulate in the August candle in key levels creating the AR, ST and UA events in the range. Then as we moved into the September monthly candle where we failed to run the august lows with the ST event in phase b, as seller volume droped off as price tests the range lows indicating a lack of sellers after the SC event, giving us a possible wyckoff accumulation model 2 taking place as shown in the schematic below. In turn leaving SSL intact on the august lows below $49,500 which we may not run, whilst people expect another sweep lower to take the LTF range lows, not realising its a potential accumulation range setting up in a larger overall range from the capitulation, without the need for an external LQ sweep to the lows again. Im seeing a lot of coins following last points of support in accumulation structures on the LTF in key levels, flipping LTF bullish on the daily and now pushing higher. Im thinking we see a possible expansion set up for October Q4 out of the lows in line with LTF bullish structure, going from LTF bullish accumulation following last points of support (LPS) into new HTF bullish structure as we come into Q4. Thats kinda how im seeing the market set up right now and im leaning towards not seeing a further crash lower into new lows and the prior August lows for the most part just yet and more so towards this being an accumulation range with a pullback to LPS before a new bullish move higher into ATHs
BITSTAMP:BTCUSDLong
by marshyyy
11
Bitcoin Roadmap!!!==>>Short term!!!Bitcoin is moving in the Resistance zone($64,140-$63,820) near 200_SMA(Daily) , and it seems that Bitcoin failed to break 200_SMA(Daily) for the second time . According to the Elliott wave theory in the 15-minute time frame , Bitcoin seems to have finished main wave 3 ( extended wave ) and is completing main wave 4 . One of the signs is the completion of the main wave 4, the support line break . I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) . If the 1&4 hour candle closes below $63,000 , I expect Bitcoin to break even with the Support zone($62,720-$62,350) and the lower line of the ascending channel . ⚠️ Note: If Bitcoin can break above the Resistance zone($64,140-$63,820) this time, I expect Bitcoin to rise to at least $65,400 and even higher. ⚠️ Bitcoin Analyze (BTCUSDT), 15-minute frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
25
Watching for the same 60.5K areaMorning folks, So, the plan that we've prepared last week mostly stands the same. In fact, BTC has decided first to complete upside nearest AB=CD target, and starts retracement second. So, although we were waiting for pullback on previous week, it is starting only now. Here, on 1H chart you could see potential H&S pattern. We do not call you to trade it, because our primary context is bullish (although you can if you want). Here we're mostly interested with its fruits - downside pullback somewhere to ~60K support area. Which we think might be interesting for long entry later in the week. Cheers.
COINBASE:BTCUSD
by Sive-Morten
BTC Update (12H)This analysis is an update of the analysis you see in the "Related publications" section Considering the bullish appearance of altcoins and Bitcoin, there is a possibility of a new H in Bitcoin and we are not looking for a sell/short setup at the moment. The correction pattern appears to be a symmetrical one that is over. From where we placed the green arrow on the chart, the symmetrical is over. If we have a new opinion change on Bitcoin, we will give an update. We specified the invalidation level on the chart. Closing a daily candle below this level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1