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Bitcoin: Bullish Into Range Resistance?Bitcoin over the recent week has blown through the 64K resistance and now hesitating at 68K. The blue square on my chart highlights the resistance zone that price fluctuates within. Is Bitcoin more likely to continue higher or retrace back to 64K from here? In this article I will evaluate the possibilities of both outcomes and how to better align your decision making with market intent. First I will address my previous week's scenario. If you read the article, my conclusion was that Bitcoin was more likely to retrace and test the 60K support area. Boy was I wrong about that one, but the question is: could I have anticipated that resistance break? The blue arrow on the chart points to a sharp move higher as a result of China surprising the market with a stimulus package (which translates into rising global inflation). Gold, silver and Bitcoin were pushing highs the whole week which serves as a valuable lesson when it comes to how a news events can change the a market outlook in an instant. This is why NO ONE can accurately forecast a market far in advance (unless you have REAL inside information). Any trade or investment can GO WRONG for any reason at any time. Effective RISK management is the key to this game for this precise reason. You have to be prepared to get out of something that is showing the wrong look so to speak and be able to adjust your mindset to the new information at hand. That is the market, you either accept that or simply donate all of your capital to someone who is more flexible than you. That brings me to Bitcoin now. This week I am anticipating a bearish retrace (see illustration) back to the 64K support (old resistance). The sell signal is confirmed when the inside bar low is compromised (previous candle). Even in the face of the inflationary news, I am bearish at these levels for one simple reason: previous tests of this range have attracted selling activity (look backwards on chart). Since "history repeats itself", I believe probability favors selling activity at least for a week or so. Also what adds even more to the short term bearish argument is the fact that Bitcoin continues to respect the broader consolidation which it has been within since March. Until 73K breaks, I will expect the range to stay intact which means both supports and resistances are more likely to HOLD not break. What can go wrong here? IF the current momentum persists, and the inside bar high is compromised instead, it will cancel out my bearish scenario. In this instance, the 70 to 73K zone can be tested. Again this is about ADJUSTING to market action, not getting married to an idea. How you navigate opportunities that are derived from price momentum depends on having clear objectives and being aligned with respective time frames. Before you even pull up a chart, you must know if you are looking for day trade or swing trade setups. From that point you can better utilize what I share here by incorporating my levels, price structure along with my confirmation references. Respect the price, simplify your decision making process as much as possible and learn to recognize "wrong" quickly. It is easier said than done but this at least should put you on the right path. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
26
ONDO ANALYSIS📊 #ONDO Analysis ✅There is a formation of Descending Channel Pattern and Cup and Handle in daily chart with a breakout of Descending Channel 🧐 Pattern signals potential bullish movement incoming after the confirmation of breakout of Cup and Handle. 👀Current Price:  $0.81600 🚀 Target Price:    $1.02090 ⚡️What to do ? 👀Keep an eye on #ONDO price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #ONDO  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
Key Bitcoin Price Levels and Dominance Analysis for Long and ShoIn my view, if I don't consider the potential breakdown of the 68,170 price level as a fakeout, we shouldn't dip below it. However, if the price breaks below, I would regard it as a false breakout and look to open a short position with a break of 67,594.47, provided that Bitcoin dominance also declines. If, during the breakdown, Bitcoin dominance remains bullish (green), shorting altcoins would be a better option. On the other hand, if the 68,170 level doesn't turn out to be a fakeout, altcoins could offer solid long positions, especially if Bitcoin moves sideways or upward and Bitcoin dominance decreases. Otherwise, Bitcoin itself might present a better long opportunity. In conclusion, monitoring the interplay between price levels and Bitcoin dominance will be key to determining the best positions, whether in Bitcoin or altcoins.
by saeedalipour93
MINA SWING LONG IDEA - CRYPTO MARKET ALTSEASON The price ran 2023’s swing lows and got rejected with an impulsive wick, bringing it back into the 2023-2024 range. I believe this action has reached the max pain point for this coin. After sweeping significant lows, the price showed strong upward momentum, breaking the weekly structure and initiating a bullish trend. The daily upward momentum is also increasing, which suggests we may see some retracements, but the target is the purple lines, 2024 highs, and potentially smashing all-time highs. The fundamentals of this coin are also strong. I believe the coin’s fundamentals will act as a catalyst, driving strong bullish momentum during the 2024-2025 altcoin season.
Long
by UA_CAPITAL
HelenP. I Bitcoin will fall to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some days ago, the price declined almost to support 2 but soon turned around and started to grow. In a short time, BTC rose to support 1, which coincided with the current support zone, and some time traded near, after which it dropped to support 2. When the price fell, it broke the 62000 support level and some time traded below, after which it quickly rose back and trades higher. Later price broke support 2 again and fell to the trend line, after which it turned around and started to move up. Soon, the price reached support 2, broke it, and then made a correction to the trend line, after which rebounded and continued to move up. Later BTC reached support 1, broke it, and rose one more, but a not long time ago it turned around and started to decline. So, in my mind, BTCUSDT will fall to the trend line, which is located inside the support zone, and then continue to move up. For this case, I set my goal at 69000 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
7
And from here WE PUMP!Total3, which tracks the market cap of all altcoins excluding BTC and ETH, is flashing strong signals that it's gearing up for another leg up within the next 1-3 days. Currently, the altcoin market cap is sitting at $625 billion, but projections indicate we could see it rise to $680 billion, adding an estimated $50-70 billion of fresh capital into the altcoin space. This influx of capital could be a catalyst for significant price action across the board. Historically, when Total3 breaks to the upside, we see explosive moves in many altcoins. Smaller market cap coins could potentially surge 2-5x as liquidity flows into them, with traders seeking high-risk, high-reward opportunities. Meanwhile, larger altcoins and top-tier projects are likely to continue their upward trajectory, hitting key targets and executing their projected moves with ease. For traders and investors, this upcoming wave could present a unique opportunity to ride the next big altcoin cycle. The altcoin market is poised for a boost, and understanding how to navigate this surge could be key to maximizing gains. Keep a close eye on price movements and be ready to act quickly as the market could move rapidly once the breakout occurs. This is a moment that could define the next phase of the bull cycle, with the potential for life-changing returns if timed correctly. Be sure to manage your risk, follow your strategy, and stay updated as we approach this crucial moment in the altcoin market!
CRYPTOCAP:TOTAL3Long
by Achilly
Getting Started with Forex Prop Trading: Intro Guide🔸Forex prop trading (short for foreign exchange proprietary trading) refers to a trading model where traders use capital provided by a proprietary trading firm to trade in the Forex (foreign exchange) market. Unlike traditional retail trading, where traders use their own funds, prop traders operate with the firm's capital, typically after passing a series of evaluations to prove their trading skills and risk management abilities. In return, the firm takes a percentage of the profits generated by the trader. 🆕 Here’s a more detailed look at how forex prop trading works and why it's appealing: 🔸 Access to Capital Prop firms offer substantial capital to skilled traders, allowing them to trade with much larger account sizes than they might be able to on their own. For example, a trader might be funded with anywhere from $10,000 to $1,000,000 or more, depending on their experience and the firm's offerings. 🔸 Evaluation Process Most prop firms require traders to pass an evaluation or assessment phase before providing access to live capital. This involves trading on a demo account and meeting specific performance metrics like profit targets, drawdown limits, and risk management rules. If the trader successfully passes this phase, they are then given access to a live account with the firm's capital. 🔸 Profit Sharing Once a trader is funded, they enter into a profit-sharing agreement with the firm. Typically, the trader receives a percentage of the profits, often around 70-90%, while the firm keeps the rest as compensation for providing the capital and infrastructure. For example, if a trader makes $10,000 in profits and their profit split is 80/20, they would keep $8,000 while the firm takes $2,000. 🔸 Risk Management Prop firms are very strict about risk management because they are providing their own capital. They impose limits on the maximum drawdown (the amount a trader can lose), daily loss limits, and leverage. If these rules are violated, traders risk losing their funded status. 🔸 Advantages for Traders Low Financial Risk: Traders do not need to risk their own capital, reducing personal financial exposure. No Pressure to Invest Large Sums: With access to firm capital, traders don’t need to save up large amounts to trade at higher levels. Support and Resources: Many prop firms provide educational resources, trading platforms, and tools to help their traders succeed. 🔸Types of Prop Firms Prop firms can generally be categorized into two types: 🔸Traditional Prop Firms: These firms often require traders to work in-office and provide access to a wide range of markets beyond Forex, including stocks, commodities, and derivatives. Online Prop Firms: The more popular model today, these firms operate remotely, allowing traders from around the world to participate. 🔸 Fees Most prop firms charge traders an initial fee to cover the evaluation process. This fee can range from a few hundred to a couple of thousand dollars, depending on the account size. In many cases, this fee is refundable if the trader successfully completes the evaluation. 🔸 Challenges Strict Rules: If traders fail to adhere to the firm's rules (such as daily loss limits or maximum drawdown), they can lose their funded account. Pressure to Perform: Trading with someone else’s capital can create pressure, which can affect trading decisions and lead to mistakes if not handled well. 🔸Bot Algo Trading in Forex Algorithmic trading (algo trading) involves using pre-programmed instructions (algorithms) that can automatically execute trades in the Forex market based on specific conditions. These conditions can be price, volume, time, or other market indicators. Algo trading has become increasingly popular in the Forex market due to its ability to: ▪️Execute trades at high speed without the need for human intervention. ▪️Remove emotional biases, which can often lead to poor decision-making in trading. ▪️Test and optimize strategies through backtesting on historical data to ensure effectiveness. ▪️Implement complex strategies that would be difficult for a human to execute manually. 🔸what is a Bot Algo Expert? A bot algo expert is typically a professional who specializes in developing and optimizing trading algorithms (bots) for Forex markets. They possess skills in coding, often using languages like Python, MQL4/5 (MetaQuotes Language), and other programming languages tailored to financial markets. 🔸The expert focuses on building bots that can: ▪️Identify trading signals based on technical indicators (like moving averages, RSI, Bollinger Bands). ▪️Automatically execute trades when certain criteria are met (such as entering or exiting positions). ▪️Manage risk by setting stop-loss and take-profit orders to minimize potential losses. ▪️Optimize performance by regularly updating the algorithm based on market conditions. 🎁Please hit the like button and 🎁Leave a comment to support our team!
Education
by ProjectSyndicate
15
Critical Moment for $BTC: Last Chance for Entry or Path to Doom?Massive Level for CRYPTOCAP:BTC As things stand, we’re at a crucial point for a higher low and a complete validation of the weekly bearish BMS. We need some demand to step up in the 56-60k region to propel us to "Valhalla" and set the stage for a strong end to the year. Be aware that if we drop below 58k, it could pose significant risks for a bullish outlook. This is the moment to act and take a stand at these prices! Keep your bids around the mid-59k range in case it dips that low. The trade is active and rolling!
COINBASE:BTCUSDLong
by ZelfTrade
10
Alikze »» CATS | Wave 3 or C bullish scenario - 2H🔍 Technical analysis: Wave 3 or C bullish scenario - 2H - In the 2H time frame, it is moving in an ascending channel, which is recently seen in the 0.38 Fibo retracement range of the previous wave of a morning star candlestick pattern. - Therefore, if the Fibo range is not broken, it can have an upward wave according to the current momentum up to the middle range of the channel. 💎 In the future, with the continuation of the upward pattern, it will have the ability to reach the supply range. ⚠️ In addition, if the bottom of the previous wave is touched, the bullish scenario will be invalidated. ⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« KUCOIN:CATSUSDT
CLong
by alikze
BTC: MACD Signals Aligning for a Potential Buying OpportunityLooking at several factors in parallel, BTC’s MACD is showing promising signs. The fast-moving average has started to curl up, suggesting a possible bullish cross above the slower line—typically a strong buy signal. The histogram has also been in the red for several weeks but is now curling upward, and we could be looking at our first green week. However, the lack of a significant volume increase means there’s no clear confirmation of a trend reversal just yet, and we aren’t seeing the momentum required for new higher highs or all-time highs. But if these signals continue to align, this could turn into a fantastic buying opportunity. The question is: will you take buying or selling actions based on these signals?
by cryptechcapital
Alikze »» GMX | Ascending Channel - 1H🔍 Technical analysis: Ascending Channel - 1H - It is moving in an ascending channel in the one-hour time frame. Due to the formation of a Double Top pattern in the range of 24 dollars, it has faced selling pressure. Therefore, it can face demand by continuing the correction in the OB area of ​​22.40 or by pulling back to the previous ceiling. - So, in the case of a pullback to the previous ceiling and the OB zone of $22, it can face demand and continue its growth up to the supply range of $25. 🟩 Support ranges: 22.27 - 22.40 ♻️ Return zone: 21.68 ⛳️ TP: 23.44 - 24.20 - 24.60 - 25 -25.40 ⚠️ In addition, if it penetrates and stabilizes below the range of 21.68, the bullish scenario will be invalid. Therefore, as long as the candles are above the range of 21.68, the upward trend can continue. ⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:GMXUSDT
Long
by alikze
Is Bitcoin's Breakout from Accumulation Channel a Sign of FurtheBitcoin, the world's largest cryptocurrency, has recently surged past the $68,000 mark, setting a new local high and confirming its bullish uptrend. This significant breakout has ignited excitement among analysts and investors, who are closely monitoring the cryptocurrency's next moves. As Bitcoin continues its ascent, many are speculating about the potential for further gains and the factors driving this momentum. One of the key factors contributing to Bitcoin's recent price surge is its breakout from a long-term accumulation channel. This technical pattern, which has persisted for over seven months, indicates a period of consolidation and accumulation before a potential price increase. By breaking out of this channel, Bitcoin has signaled a shift in market sentiment and a renewed bullish momentum. Analysts and experts are closely examining various indicators to gauge the strength of Bitcoin's uptrend and identify potential resistance levels. The Relative Strength Index (RSI), a momentum oscillator, is currently hovering near overbought levels, suggesting that a short-term pullback may be necessary to consolidate gains before further upward movement. However, the overall trend remains bullish, and a break above the previous all-time high of $69,000 could signal a more extended rally. In addition to technical analysis, fundamental factors are also playing a role in Bitcoin's price appreciation. The growing adoption of cryptocurrencies by institutional investors and corporations is driving demand for Bitcoin as a store of value and a hedge against inflation. Moreover, the increasing use of Bitcoin for payments and remittances is contributing to its mainstream acceptance. However, it is essential to approach the current Bitcoin rally with caution. The cryptocurrency market is highly volatile, and prices can experience significant fluctuations. While the long-term outlook for Bitcoin remains positive, short-term corrections are a common occurrence. Investors should be prepared for potential pullbacks and have a well-defined risk management strategy in place. As Bitcoin continues its upward trajectory, several key factors will likely influence its future price movement. The regulatory landscape, particularly in the United States, will play a crucial role. Favorable regulatory developments could further fuel Bitcoin's adoption and price appreciation. Additionally, the macroeconomic environment, including interest rates and inflation, will also impact investor sentiment towards risk assets like Bitcoin. Furthermore, the competition from other cryptocurrencies cannot be overlooked. While Bitcoin currently dominates the market, the emergence of new and innovative projects could potentially challenge its position. The development of scalable blockchain solutions and the introduction of new use cases for cryptocurrencies could impact Bitcoin's market share. In conclusion, Bitcoin's recent breakout from a long-term accumulation channel has ignited excitement and speculation about its potential for further gains. While the overall trend remains bullish, investors should approach the current rally with caution and be mindful of potential risks. By carefully considering technical analysis, fundamental factors, and the competitive landscape, investors can make informed decisions about their Bitcoin investments.
CME:BTC1!Long
by bryandowningqln
SOLANA COIN SWING LONG IDEA - ALTCOIN MARKET - SOLSolana is one of my favorite coins for the 2024-2025 altcoin bull run. It has strong fundamentals, as well as a supportive community. The price is coming from the discounted monthly demand zone. The weekly structure is also bullish, and the daily structure is accelerating upward momentum. I believe we will easily reach the purple targets and eventually return to all-time highs. I’ve bought a spot bag here. It may retrace slightly before taking off, so invest and trade accordingly. Nothing i share is financial advice. Education purposes only.
Long
by UA_CAPITAL