BTCUSD: Amazing Rainbow Cycles tell you where to Buy & Sell.Bitcoin is vastly overbought on its 1D technical outlook (RSI = 85.391, MACD = 5410.00, ADX = 45.265) as the recent weekly rally since the U.S. elections has pushed it past 90,000. Even the 1W timeframe got overbought (RSI = 74.244). However that overbought state has no impact on the current trend as during Bull Cycles and especially when the final 12 month parabolic rally begins, BTC tends to stay massively overbought for a very long period of time.
On this chart you see how the Bitcoin Rainbow Wave and Bands indicators (by Leoum) are applied with key pressure (both buy and sell) zones among Cycles that can even project future price action. This is a very powerful tool for those who want to plan their entries and exits on a long term scale.
Right now BTC is past the Yellow Zone where buying was suggested before the parabolic rally begins. This has historically been a few months after each Halving. The price just entered the yellow zone of the Rainbow but remains under the middle (purple line) of the cyclical wave. This means that despite the massive recent rally, it is still a fair buy.
The max level to sell on this Cycle is the Red Wave Zone, with the indicator suggesting a max value of $258k. However it is recommended by this model to start selling inside the upper band of the Fair value Zone (orange line), which currently gives a minimum of $145k and a maximum of $211k. Technically that is estimate to be a fair High for this Cycle.
When the next Bear Cycle begins, the model shows that it is best to start buying inside the green zone where BTC is expected to turn oversold near or at 30.000. Amazing as it may seem now, this zone is between $94k -$77k, which is approximately the trading range of this week. Meaning that the projected bottom of the next Bear Cycle could be around the levels we're at now.
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BTC-M
BITCOIN Mega Bull Run?!📈 BTC/USDT Elliott Wave Analysis 📈
🚀 BTC appears to have completed a corrective ABCDE structure within a descending channel, and it has since broken out, establishing a new impulsive trend. This suggests a bullish outlook and an extended Wave 3 formation in progress.
🔍 Wave Analysis:
🔸 ABCDE Pattern Completion: The previous downtrend ended with a clear ABCDE pattern, potentially part of a larger complex correction like WXYXZ. This was followed by a breakout, marking the end of the corrective phase and the start of a new bullish impulse wave.
🔸 Wave 1 and Wave 2: After the breakout, BTC completed Wave 1 upwards, with Wave 2 retracing back to test the breakout level. This pullback aligned with the 0.5 Fibonacci level, creating a confluence zone and confirming strong support.
🔸 Wave 3: The current Wave 3 appears to be an extended wave, signaling a strong bullish trend. This extended wave often includes five smaller sub-waves within it, targeting higher Fibonacci extensions. Based on historical patterns, the initial target for Wave 3 aligns with the 2.618 Fibonacci extension, with a secondary, more ambitious target around 3.618 if the trend remains strong.
🎯 Target Levels:
📌 Blue Wave 3 Target 1: Around $97,645 – This is the first target within the smaller structure of the current extended wave.
📌 White Wave 3 Target 1: Around $102,731 – A significant level, representing a larger Wave 3 target.
📌 Wave 5 Target 1 and Target 2: Final targets for the overall wave structure at $112,903 and $119,420 respectively, which may be reached if the bullish momentum continues through to Wave 5.
📊 Conclusion:
💹 The extended Wave 3 suggests a strong bullish trend, with targets extending as high as $119,420 in Wave 5. Keep an eye on the volume and momentum 📈 as BTC progresses through these key levels.
⚠️Disclaimer:⚠️
⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital
Alikze »» BITC | Ascending channel - 4H🔍 Technical analysis: Ascending channel - 4H
- Bitcoin has already touched the supply range according to the analysis presented in the daily target time frame.
- In the 4H time frame, it is moving in an ascending channel, which has managed to register an ascending candle in the supply area in the 4-hour time frame.
- In case of failure of the supply zone, the specified movement path can touch the $100,000 targets of 106,250 and 112,500.
NEXT TARGET:
🎯 100.000$
🎯106250 $
🎯112500$
SUPPORT LVL
💹 75000$
💎 In addition, if the sales pressure increases in the supply area, an alternative scenario can be realized.
⚠️ In the alternative scenario, with selling pressure in the supply area by entering the second pullback channel, it can continue to correct until the bottom of the second channel and Fibo 1.618, the range of $75,000.⚠️
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BINANCE:BTCUSDT
Hedera updates in progressRumors suggest that the X team is conducting internal tests with Hedera, according to discussions on Reddit forums, and confirmation could be just around the corner. If this speculation proves true, it might be a prime moment to consider adding more HBAR to your bag, as Elon Musk takes business seriously. Hedera stands out as the only blockchain backed by several major corporations, making it a logical choice for validation by the X team.
BINANCE:BTCUSDT COINBASE:ETHUSD
A new gold rush?After the American elections are over, we can declare that the big winner was none other than Elon Musk. Or was it Donald Trump?
Following this, the newest American president publicly called on institutional investors to buy, mainly to buy cryptos. Will the dream of the “lovers” on duty come true, and will BTC become the new global legal tender currency?
Or will we see BTC become the newest store of value, surpassing the precious metal called gold?
After the new president's speech, I see that the crypto rush has had an effect, and I realize that the precious metal (gold) is losing strength.
Now, I will ask the final question. Will we have a new record in SPX, and especially in BTC?
It's worth remembering that the red lines are support points for gold at the moment!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
BITCOIN Weekly Chart Update !!Bitcoin has completed a cup-and-handle breakout on the weekly timeframe, accompanied by strong volume, which signals robust bullish momentum. This pattern is typically a bullish continuation pattern, suggesting that BTC has the potential to enter a strong uptrend following this breakout.
The Ichimoku Cloud is also showing a bullish signal, with price action above the cloud, confirming a trend shift in favor of buyers. The cloud's bullish alignment suggests that the current rally has further room for upward movement, potentially setting BTC on course for new highs.
However, pullbacks are common after breakouts as the price retests the previous resistance as support. A pullback to the handle or prior resistance zone would provide an opportunity for bulls to gather strength before pushing Bitcoin to new peaks. Key support levels to watch include previous highs or areas around the handle region, which should act as a launching point for the next leg up if bulls hold steady.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
NEAR Long Spot Trade (Double Bottom & 200 EMA Retest)Market Context: NEAR is showing a bullish double bottom pattern at a key support level. With the Stochastic RSI indicating a peak, a slight retracement is expected before testing the 200 EMA, setting up a potential move to the upside.
Trade Setup:
Entry: Enter a trade between $4.50 and $5.00
Take Profit Targets:
First target: $6.23
Second target: $7.35
Third target: $8.20
Stop Loss: Daily close below $4.00
This setup leverages the double bottom formation and tests of the 200 EMA as confirmation for a continuation of the upward trend. #NEAR
BTC - Thank Me Later!Hello TradingView Family / Fellow Traders. This is Richard.
🗒 Do you remember this post from 2023?
As mentioned back then, BTC was forming Pattern 4, which was activated after breaking above the falling green channel, leading to a surge of over 200%.
So, according to the educational post, where are we now⁉️
🔑A falling correction after a bullish impulse signals what?
That’s right — we are now in the process of forming Pattern 1.
For this pattern to be activated and the bullish continuation phase to begin, we need a weekly candle close above $70,000.
Of course, in the meantime, as long as BTC is trading within the falling channel, it can still retest the lower bound before activating the phase.
❗️N.B. Always remember, nothing moves in a straight line, so we might see a correction (in the form of a higher low) along the way.
📉 Which scenario do you think is more likely to happen, and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
🗒 All strategies are good, if managed properly!
~Rich
BTC Testing its limitsLook for Bitcoin to range for a day or so under the all time high. Followed by a breakout, retest (as support now) then off we go towards 90k. Why 90k you ask? Because that's the upward momentum pulled from the current bull flag pattern that BTC is printing.
There are two estimates; A more conservative 90k that is almost inevitable if the bull flag breaks to the upside. As well as 112k based on the length of the "pole" in the bull flag.
That said, we are human and we like nice round numbers. What do you think the odds are of BTC hitting 100k if we hit 90k? I'd say better than fair and most likely a sight better than that!
Now you can't mention 100k without mentioning losses. People are going to sell at 100k because that's what we're built to do, take those all too tempting round numbers with those Wallstreet bets ape like gains and try and beat your fellow ape to the cashier's table. So caution here, if you're a short term hodlr it's going to get rocky around 100k. If you're a long term hodlr you've no fear. Sit back and enjoy the ride.
BTCUSD Eyes $93K Amid Institutional Buys & Post-Election InflowsFundamental Analysis:
MicroStrategy's Major Purchase: MicroStrategy’s recent acquisition of 27,200 BTC at an average price of $74,463 reinforces its bullish outlook. This buy has pushed Bitcoin's valuation and likely contributed to the recent rally, with Bitcoin now trading near $84,000. The company now holds 279,420 BTC, valued at approximately $23 billion, showcasing substantial institutional backing, which could add stability and investor confidence.
Crypto Investment Inflows: Following the recent US elections, there has been a surge in crypto investment inflows, with $1.98 billion added, pointing to renewed investor interest in digital assets. The post-election sentiment and optimism about future economic policy may further boost Bitcoin's demand, sustaining its current upward momentum.
Market Sentiment: With Bitcoin nearing its ATH, the market is at a crossroads. Some analysts predict a rally toward $100,000, while others warn of a potential correction due to overbought conditions. The massive inflows and institutional investments suggest optimism, but caution is advised due to the likelihood of profit-taking and market volatility.
Outlook:
Bullish Scenario: Stability above the $79600 resistance could propel BTC/USD toward the $92800 and $100,000, driven by strong institutional support and positive market sentiment.
Bearish Scenario: Failure to break resistance could lead to a correction, with potential support around $71,400.
Conclusion:
The BTC/USD chart reflects a strong bullish outlook, but it is crucial to remain cautious of potential corrections, especially near key resistance levels. MicroStrategy’s large-scale investment and post-election inflows provide a supportive backdrop, making a $100,000 target plausible if Bitcoin sustains its current momentum.
previous idea:
Bitcoin on the Path to Unprecedented Success. Trade plan!Technical Analysis for Bitcoin (BTC/USD)
Chart Observations
Falling Wedge Pattern:
A bullish reversal pattern is forming, indicating potential upward momentum if the price breaks above the resistance trendline.
Breakout scenarios typically target the previous high or a significant resistance level.
Support and Resistance Zones:
Resistance Zone: Around $91,000-$92,000, visible as the upper orange zone.
Support Zone: Around $78,000-$79,000, visible as the lower orange zone.
Indicators:
RSI (Relative Strength Index): Currently at 38.08, showing oversold conditions and a potential for upward momentum.
Stochastic Oscillator: Indicates bullish divergence with oversold conditions, suggesting a potential upward price movement.
HMA (Hull Moving Average): Neutral to slightly bullish, sitting at 53.63.
Money Flow Index (MFI): Showing outflows (red), indicating possible selling pressure.
Volume:
Relatively low, suggesting a lack of conviction in either direction. A breakout accompanied by high volume will confirm the next major move.
Divergences:
Visible bullish divergences on the VMC Cipher B suggest a potential reversal if the falling wedge resistance is broken.
Trading Plan
Scenario 1: Bullish Breakout
Trigger: Break and close above the falling wedge resistance with strong volume confirmation.
Entry: Place a long position at $86,500-$87,000.
Targets:
First Target: $90,000 (conservative).
Second Target: $92,000 (major resistance zone).
Stop Loss: Below the wedge breakout level at $84,500.
Risk-Reward Ratio: Aim for 3:1.
Scenario 2: Bearish Breakdown
Trigger: Break and close below the wedge support with strong volume.
Entry: Place a short position at $84,000-$83,500.
Targets:
First Target: $80,000 (conservative).
Second Target: $78,000 (lower support zone).
Stop Loss: Above the wedge support at $86,000.
Risk-Reward Ratio: Aim for 3:1.
Risk Management
Allocate 1-2% of your portfolio per trade.
Monitor key levels and indicators, particularly volume spikes, RSI, and stochastic trends.
Keep an eye on macro news and Bitcoin-related announcements that could influence market sentiment.
If the price remains range-bound within the wedge, avoid over-trading and wait for a breakout confirmation.
Ensure all trades are backed by stop-loss orders to manage potential losses effectively.
Here's Exactly Why Bitcoin Is Having A Hard Time With 90kTraders, from a technical perspective, I really don't expect Bitcoin to beat 90k immediately. Eventually, yes. But right now there are two big technical reasons why Bitcoin is having a hard time managing to beat 90k. They are the same technical reason for why I called the year end price target of 88k-92k.
First, see that horizontal ascending pink trendline? I took the top of our high on 12 April 2021. I then drew it to the top on 08 Nov. 2021. This is on our weekly chart. I then extended that trendline to the right. Boom 90k.
Second, see that inverse h&s pattern I have been discussing for the last year and a half? I measure from the top of the head to the neckline. Now, I move that measurement to our break of the neckline. Boom 90k.
Now, I am not saying that we won't break 90k. This post is simply to make you aware of how I was able to call our target of 90k and why Bitcoin will have difficulty breaking through that price level.
✌️Stew
Bull Move in BTC started or trapping?When we discussed last that it can touch 92k, price action made a complex wave formation which depicted that price will go up after a correction.. Now after being side for many hours, i see a bullish sentiment on hourly candle.. lets see if it sustains or trap again on upper levels..
bottom Level around 85K and upper 92k and more, above lac as well, but thats on daily chart so will take time.or could be soon.. Volume is needed to break the upper resistance.
This is my sentiment cycle indicator..
green background "BUY"
Red background "SELL"
and no background or your charting color means no sentiment developed and you can avoid trade otherwise it'll hit your SLs only.
BITCOIN Cup and Handle into Channel Up targets $350kBitcoin / BTCUSD is only at the very start of an insane rally, coming off hot from the U.S. elections.
The Bear Cycle into the Bull Cycle was a Cup and Handle pattern, which has now transitioned fully into a Channel Up that is being supported by the 1week MA50.
As long as it holds, the Channel Up should remain intact and as in December 2022, we are now at the very start of the Channel's new bullish wave.
This should last until the end of 2025 and if the Cup and Handle goes for a full 2.0 Fibonacci extension target with two similar bullish waves of +379.50%, then the Cycle should peak at $350k!
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Bitcoin : Midterm Ascending Triangle PatternTrading Setup:
A Trading Signal is seen in the BTCUSDT Bitcoin (4h)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 78800.0
⭕️SL @ 75100.0
🔵TP1 @ 85000.0
🔵TP2 @ 89900.0
🔵TP3 @ 94990.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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When and Where this Bull Market Ends / BTC.D and TOTAL3 BehaviorCRYPTOCAP:BTC.D
Bitcoin Dominance and Alt Season Trigger:
The chart indicates that when Bitcoin Dominance reaches around 59%-64%, there’s a high chance of an BTC dominance market correction. This level often signals the end of a Bitcoin rally and the start of funds flowing into altcoins.
You can use this dominance level as a timing signal to anticipate the start of the next alt season.
Historical Patterns and Timelines:
Key vertical markers show important dates from past cycles, such as 2018, 2021, and projected points for 2025. These points highlight recurring patterns that can help forecast the end of the current Bitcoin rally.
TOTAL3 Index Trends Relative to BTC:
The TOTAL3 index (all altcoins excluding BTC and ETH) shows that after Bitcoin Dominance declines, TOTAL3 often experiences a sharp rise. This pattern has repeated in previous cycles, hinting at a potential similar move in the upcoming alt season.
Bitcoin Price Rallies and Corrections:
The lower chart shows Bitcoin's bullish and bearish phases, typically lasting between 450 to 550 days. This timeframe can help estimate the remaining duration of the current Bitcoin rally.
Future Predictions:
Based on the chart, Bitcoin Dominance is expected to reach critical levels again in 2025, potentially marking the start of the next major alt season. While this timeline depends on market conditions and investor behavior, it offers a general framework.
AR Long Spot Trade (Support Zone) Market Context: AR has moved into a key support zone, presenting an opportunity to ladder into a long spot position. This range provides a favorable risk-to-reward ratio if support holds and the price reverses upwards.
Trade Setup:
Entry: Ladder in between $11.00 - $12.75
Take Profit:
First target: $17.50 - $20.00
Second target: $24.00 - $26.50
Stop Loss: Just below $10.00 (daily close)
This setup seeks to capitalize on the support zone for a potential reversal. #AR