BTC TO 51KBitcoin shacking altcoins to change direction of money to herself - perfect triangle in parallel channel
Btclong
BTC 1D outlook
Consolidating inside the range 40.7k support to 45.5k resistance locally. Waiting to breakout either one. 48k bullish target. Purple EMA for managing risk at 38k.
BTCs - DYOR- A highly possible moveAfter a great fall, holding so graciously the trend line and since inception BTCs is still undervalued and available on a huge discount of 2.06 USDT (at the time of this idea) With only 21M supply and around 50m Mcap + some more exchanges are coming in coming days. This is my prediction. Good days are coming. I am filling my bags on every retest of 4Hr chart. I am highly bullish for a easy 100x. FYI filled my portfolio bags 67% for this.
Bitcoin's up-trend - Rates to monitor! 03.02.2023Big "falling wedge" consolidation pattern for aprox a year Nov 2021 - October 2022 upside BREAKOUT and RETEST confirmation.
Since breakout, consistent higher highs indicating up-trend.
25300 is key resistance, with a weekly candle close above 25,300 , next immediate target could be 31,500, following with 36,900.
A weekly candle break below 22,800 may lead down to re-test 20,700-21,000.
For now, Bitcoin is stable in the up-trend and not overbought.
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I encourage you to do your own research and trade with caution.
Would very much appreciate your comments and questions! Thank you!
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BTC - ABC Bull flag#BTC
#Bitcoin taking a textbook ABC pause before the next impulse leg higher.
Will the fractal repeat...?
BTC On The Edge !!After the proposed bill to stop the digital currency industry and the prosecution of former officials allied with this industry by Elizabeth Warren and the debt settlement of the FTX exchange, as well as the expiration of $2 billion in options contracts and the $400 million liquidation of long positions at a price of $42,800, The suspension of BitZlato transactions and the filtering of exchange sites by India, we saw an increase in the decline and fall of the market in a short period of time.
But in the meantime, witness the withdrawal of 1 billion dollars of Bitcoin from the exchanges in one day, which was the largest one-day output in the last 12 months, the accumulation of 190 thousand Bitcoin units by Microstrategy and becoming a whale by owning 1% of the entire supply of Bitcoin. It equaled the number of units that the United States has, as well as the removal of the Bitcoin ban in Nigeria and the victory of the first Terraform Labs case against the Commission, Zhao Dong's imprisonment for causing problems in the digital currency industry, Marathon, Arkon and Rivet's investment in miners and Most importantly, approaching the approval of Bitcoin tradable funds, we saw the market grow again and regain important price areas and levels.
As you know, if Bitcoin can stabilize above the $43,600 area, we can expect growth, otherwise, if the price falls below the $41,000 area due to the intensification of bearish sentiments, there is a greater possibility of a fall.
BTCUSDT.4HBased on the provided market data for Bitcoin (BTC) against Tether (USDT), the current price of BTC is $42,635.
On a 4-hour timeframe, the Relative Strength Index (RSI) is at 41.78, which indicates that the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is at -159.0, suggesting a bearish signal. The Bollinger Bands (BB) are at 43432.0, indicating a potential resistance level. The support and resistance levels are between $41,000 and $44,380 respectively.
On a daily timeframe, the RSI is at 54.25, which is a neutral reading. The MACD is at 771.0, indicating a bullish signal. The BB is at 44700.0, suggesting a higher potential resistance level. The support and resistance levels are between $39,032 and $45,700 respectively.
On a 7-day timeframe, the RSI is at 80.27, indicating an overbought market condition, which may suggest a potential price correction. The MACD is at 4029.0, which is a bullish signal. The BB is at 46311.0, indicating a higher potential resistance level. The support and resistance levels are between $31,769 and $47,150 respectively.
Based on these indicators, the market seems to show mixed signals. The short-term (4h) and mid-term (1d) indicators suggest a bearish sentiment, while the long-term (7d) indicators suggest a bullish sentiment. However, the overbought condition in the 7-day RSI might suggest a potential price correction.
Investors should consider these mixed signals and their risk tolerance before making investment decisions. It might be wise to wait for more bullish confirmations on shorter timeframes or for the overbought condition on the 7-day timeframe to cool off.
Please note that this is just a technical analysis and it doesn't take into account any fundamental factors which could also impact the price. Always do your own research before making any investment decisions.
BTC Update - 26.12.2023 / Intraday Long setuph1 Chart:
We see how now price is in the range between PDL and PDH.
I expect downward movement with the purpose of withdrawal of this PDL liquidity and exit upwards, where I plan to gain my local long positions with the purpose of PDH.
Not a financial advice, always observe the risks and watch the reaction in the points of interest and only then make your entry into the position!
BTC Chart is a Masterpiece !! 39500 - 41800 is our targets nowHello Guys
As u See on the BTC chart we had many beautiful patterns which were very accuracy by its targets up & down .
last Pattern which its number is 4 had done its target exactly at 17500$ as u see (yellow rectangles).
Now we are in Pattern Number 5 (Red Rectangles) which its Target after rocking 28800 are 39500- 41850 $ .
Note : we should break the 28800 resistance to reach our targets our we can go first to the bottom of the falling wedge.
Watch it and Decide
Good Luck
It is not a financial advice and plz DYOR
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- The daily chart reveals a general uptrend, moving from a low of 15,479 to a high of 44,729. This progression, marked by a strong recovery post a significant drop, underpins a bullish sentiment. The recent pullback from the peak suggests a consolidation phase and the stable volume supports the sustainability of this trend.
The 4-hour chart offers a granular view of Bitcoin’s price action. Resistance near the 44,729 level, the recent high, characterizes the current market. The formation of higher lows suggests an ascending trendline, potentially providing support and hinting at continuing upward momentum.
bitcoin (BTC) appears to be in a phase of cautious optimism. While oscillators indicate a balanced market, moving averages and chart patterns lean towards a bullish sentiment. Investors should be aware of potential resistance levels and watch for signs of consolidation or continued upward movement.
The data and trends from Dec. 20, 2023, project a bullish trajectory for Bitcoin. This optimism is rooted in the unanimous buy signals from moving averages across various time frames, coupled with the underlying bullish trend indicated by the daily and 4-hour charts. The market’s resilience, demonstrated by its recovery and the formation of higher lows on the 4-hour chart, underpins a strong bullish sentiment.
Despite the surface-level bullish indicators, a deeper analysis reveals potential bearish undercurrents for bitcoin as of Dec. 20, 2023. The conflicting signals from oscillators, particularly the sell signal from the MACD Level, hint at underlying market uncertainty. Additionally, the resistance near recent highs and the market’s current consolidation phase may signal a forthcoming downturn.
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BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- The 4-hour chart offers a much clearer picture of toilet price action. Price has formed a falling pattern yet to break it on either side.
Meanwhile, the support level of 40K is towards the higher trend line of the price per trend. A classic retracement is contemplated to break the falling wedge, and the market may rise above the recent high of 45K and in the coming form have access to the high of 48K. Conversely, a breakdown of the pattern would be disastrous, as it could lead to a decline towards the 38K support area.
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BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- the 4-hour time frame shows that after a significant impulsive surge beyond the 40K level, Bitcoin achieved its yearly high at 44.7K, indicating bullish market sentiment among the participants. It reflects. However, the failure to establish higher resulted in a double-top pattern.
sellers entered the market, causing a notable rejection and a 10% decline. As mentioned in our analysis, the correction ended when the price reached a substantial dynamic support range between the 0.5 and 0.618 Fibonacci retracement levels, which aligned with the recent rising trend line.
Bitcoin will enter a medium-term consolidation phase within this dynamic range until a breakout occurs. However, if the price violates the trendline, the 40K support area will serve as the next important level of interest.
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BTC/USDT 1DAY AND 4HOUR CHART UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Analyzing Bitcoin’s (BTC) oscillators provides an essential snapshot of its current market stance. The relative strength index (RSI) at 56, Stochastic at 54, and commodity channel index (CCI) at 18 align in a neutral zone. This neutrality signals a balanced market sentiment, with neither overbought nor oversold conditions prevailing. These indicators suggest a period of consolidation, with potential shifts contingent on broader market influences.
The story told by bitcoin’s moving averages is one of subtle optimism. Similar to the past few weeks of analysis, the exponential moving averages (EMAs) over 10, 20, 30, 50, 100, and 200 days predominantly signal bullish sentiment, despite the 10-day EMA presenting some bearish sentiment. Conversely, the simple moving averages (SMAs) for these same periods also indicate positivity, including the 10-day SMA. This divergence in the shorter-term EMA reflects the inherent volatility and rapid shifts in market sentiment typical of crypto assets.
bitcoin has shown a strong uptrend, moving from a low of 15,479 to a peak of 44,729. However, the appearance of a significant Dec. 10 red candle with a long upper wick suggests possible resistance to higher prices or profit-taking activities. The volume, not showing a significant increase, hints at a cautious approach by traders, possibly indicating a lack of strong buying conviction.
As suggested by the daily chart, a prudent strategy would be to await a retracement towards key support levels for entry points. These levels could be previous resistance points or moving averages not explicitly marked. For exits or profit-taking, one should monitor the peak prices or the emergence of bearish patterns like multiple long upper wick candles, indicative of potential reversals.
The 4-hour chart offers a more granular view of Bitcoin’s price action, confirming the uptrend seen in the daily chart. Post-peak, the cryptocurrency entered a consolidation phase, marked by volatility and relatively low volume, suggesting a lack of significant sell-off. Entry strategies could involve observing price behavior at current levels or waiting for a rebound from a support level. In contrast, an exit strategy might include setting a stop-loss just below the recent consolidation to mitigate the risks of a breakdown.
The confluence of neutral to positive signals from oscillators and moving averages, coupled with Bitcoin’s resilient performance on the daily and 4-hour charts, points towards an optimistic outlook. The absence of clear overbought conditions and the cryptocurrency’s ability to sustain above key support levels paint a bullish picture.
Despite the current stability, underlying bearish signals cannot be overlooked. The mixed signals from the 10-day EMA and the appearance of the Dec. 10 red candle with a long upper wick on the daily chart hint at possible resistance and profit-taking. Should Bitcoin fail to sustain its current levels and break below key support zones, this could trigger a bearish reversal.
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MarRy cHrIsTmAsS !! (BTC ANALYSIS)After the interest rate and consumer price index were able to remain unchanged, there is a possibility of growth again after the market correction and the failure of the market collapse theory to the point of $36,000.
BTC/USDT 2DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- the price has been blowing past resistance levels one by one. Yet, today’s action has been very bearish, as the daily candle looks very bearish. The price has dropped around 10% today before rebounding from the 40K support level.
In case this level holds, it could initiate a rebound, and the market might rally toward the next significant resistance level, which is located at the 48K mark. On the other hand, a bearish breakout could result in a drop to the 38K and potentially the 31K zone.
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Bitcoin Climbs The Wall Of WorryFor the last few months, many have been debating if BTC is still in a bear or bull market, with most calling for new lows in the near future. As we look at the BTC weekly chart we see several clear levels of support and resistance that price has been respecting for some time now. I will be the first to admit, the price action has been slow and not very clear in either direction. However, I firmly believe the bull market has begun, in fact, I believe we've been in the midst of climbing the wall of worry for the last few months since the lows made at the end of 2022. There are a few things that should be noted. Never has Bitcoin had a rally of 100% during a bear market. Bitcoin bear market bounces are typically below 70%-80% and they rarely hold broken resistance levels as support for more than a few weeks. The double bottom followed by bullish divergence on the weekly time frame shows a clear shift in the crypto market's behavior since the start of 2023, and I believe we are seeing a clear indication of a market sentiment shift at the early stages of a bull market. Bull markets typically start with lots of uncertainty, followed by general complacency with the current price action. Often making large moves that go unnoticed by the general crowd, this is exactly what we see right now. As you look closely, we see a falling wedge pattern BTC broke out of at the beginning of 2023, and it even made a strong retest of support shown by the long wick at the end of March. Now we are resting on the 21/50-EMA's, using them as support for the last several weeks, we even might see a cross which is another bullish sign. In regards to current price action, if we see a break and weekly close above $32K Our next target would be the FWB:42K region where i belive we will spend most of our time before the next halvening.
Now, I'm keenly aware of the top signals many are talking about, mainly the resurgence of Meme coins recently, but I don't see this as a "top signal". I see this as a market sentiment shift, the market is clearly ready for speculation, and often times speculation starts in the smaller sectors of the market. A good example would be the stock market, many times you will see the smaller market cap stock move first, followed by the larger stocks afterward. I believe the market is anticipating a pause from the FED due to a clear decline in inflation, and this is starting to show itself in the recent price action in the tech sector of the stock market. I believe there has been steady accumulation happening across a variety of markets, including tech, crypto, and precious metals. This time in the market feels very similar to the 2015-2016 market cycle, where we saw slow and steady growth over the course of the year. I think this is very possible, and I believe it is the most likely scenario moving forward into the end of the year. On a side note, back to the meme coin topic... I believe the recent meme coin craze is a sign of a market behavioral shift that is much more bullish, but i also believe this is likely a trap laid out for the average retail investor. The whales draw in the masses by creating meme coins that have no value, while they silently accumulate the real crypto assets that have real value. This tactic is perfect for getting the small fish to sell their bags and chase the lottery meme coin dream while allowing the large whales to buy the best coins at a significant discount just before they see a large surge in price. I hate to see retail investors fall for this trap... Hopefully, the crowd starts to catch on before it's too late.
Although I have a more bullish outlook for the future, I'm not ignorant of the fact that we could see a retest of the lows, this is definitely a possibility if we see another large rejection from the $30K region, but I see that as another opportunity at a discounted price before challenging the resistance again. I'm carefully watching the MACD, we could get a bearish cross which could spell trouble for a few weeks, but until that happens I will remain cautiously bullish until proven otherwise. I think it's riskier to be out of the market right now than to be waiting on the sidelines for the perfect signal, that rarely happens. I'm carefully watching for bearish signals, but for now, everything looks like we're setting a base for higher prices down the road. If you wondering, NO I do not believe now is the time to be taking leveraged bets on the market, now is the time to be slowly accumulating, getting ready for what the future may hold. If we do see another sweep of the lows (which is entirely possible) you run the risk of being liquidated only to see the price bounce back very quickly.
I would like to give a WARNING... I do foresee a scenario in the future that "could" end this next bull cycle abruptly, hurting a lot of retail traders in the process. I DO NOT want to see Bitcoin challenge or break the ATH at FWB:65K BEFORE the next halving in less than 300 days... This would be VERY alarming in my opinion. If this does happen, I give a STRONG warning to be extra careful, I could see a scenario where Bitcoin breaks the ATH at FWB:65K + and then quickly shoots for $90K only to make a top below $100K and quickly end the bull market in the process, this has a fairly high probability of happening if we see too much excitement in the market before the halving. Keep this thought in mind... If that does happen, I could see a multi-year bear market which would be devastating for all us retail traders. In fact, I would plan for this scenario and be relieved if it does not happen. Plan for the worst, and hope for the best...
Remember, stay level-headed, stay calm, and stay ahead of the crowd.
Bitcoin Lifetime Analysis → Reverse to $20,000 Before New Highs?Bitcoin broke out of it's trading range between $25,000 and $32,000 and touched $44,800! Does this mean we're going to new all-time highs? I'm skeptical for a parade of reasons, all of which are based on historical and current data points. Let's dig in!
How do we trade this? 🤔
Recent Data
Since the trend reversal in January 2023 we've had three pushes to the upside, which is a textbook leg count before the trend converts into a trading range. The RSI has also been over 70.00 since October 2023 and the Daily candles leading up to December 4th 2023 could be the exhaustion bars at the end of the bull trend. This is enough evidence to warrant a pull back, likely to the top of the trading range around $32,000.
Historical Data
When are we going to see new all-time highs? Refer to the Monthly chart above. We can see that prior to hitting 3 of the 4 new all-time high events, Bitcoin will make contact with Lifetime Support. The one exception was the 2013 all-time high. Another data point is the Bitcoin halving has occurred prior to *every* new all-time high.
There is one more clue in the Weekly chart to observe! Look at the 2019 high, looks very similar to where we are now: Double-bottom reversal before touching Lifetime Support on Feb 2019, three pushes to the upside hitting the 2019 high, RSI over 70.00, price failed to break the 2019 high then capitulated to Lifetime Support, Bitcoin Halving happened shortly after, THEN went to new all-time highs.
I believe this is the situation we're in right now. If we don't make contact with Lifetime Support, I believe we need to at least come back down into the trading range before hitting new all-time highs. We also have the Bitcoin halving happening in the April 2024 area, all seems conveniently timed based on what we've discussed here!
Trade Options
There are many ways to trade this:
1. Fading your position down to lifetime support: Longing support areas as the price falls, starting with smaller positions and increasing your entry at every level.
2. Waiting for a bounce at lifetime support or in the trading range: Playing the reversal, which includes not entering until you see a reversal signal then you enter with a larger position.
3. Scalp your positions with higher probability of profit, but less profit and more risk in your Risk/Reward Ratio.
To strike a balance between Risk, Reward, and Probability, I'll stick with a standard Reversal Entry, which means we wait for a reversal confirmation. Based on this analysis, we should look to enter after a Lifetime Support or Trading Range bounce around $25,000. Enter in this price area, place a protective stop below the last bear run low at $15,000. Take profit areas are based on previous resistance and the projected lifetime resistance range of $120,000 and $130,000. The first take profit is at the price we just hit around $45,000, the next take profit should be just before the current all-time high around $65,000, the final take profit should be below the projected new all-time high somewhere in the $120,000 and $130,000 area, around $105,000. You could add more take profit areas between $65,000 and $105,000 based on lower timeframe analysis, but we don't have that data yet.
More updates will be provided as the months go by. Let me know your thoughts!
💡 Trade Idea 💡
Long Entry: $30,000
🟥 Stop Loss: $15,000
✅ Take Profit #1: $45,000
✅ Take Profit #2: $65,000
✅ Take Profit #2: $105,000
⚖️ Risk/Reward Ratio: 1:5
🔑 Key Takeaways 🔑
1. Bullish since January 2023. This is not *THE* bull run.
2. Bull Breakout of $25,000 to $32,000 Trading Range, but RSI overbought.
3. Every New All-Time high was Preceded by Touching Lifetime Support.
4. Bitcoin has not Touched Lifetime Support. Pullback to $20,000 Area.
5. RSI is above 70.00, Supports Pullback.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
BTC Price Target: $48kHow high could this COINBASE:BTCUSD pump go? FWB:48K is a solid level to exit.
There was a local low at FWB:48K in March of 2022.
The Fib retracement level .618 between the ATH of SWB:69K and cycle low of $16k is at FWB:48K
Many traders are talking about exiting at this level, which will bring selling pressure
I can understand HODLing through the ups and downs, but if you're long with leverage, 48k seems like a great place to exit a trade.
I know I just made a price prediction for $136k for Bitcoin, but I think a temporary retrace is likely. Especially if the ETF is announced, and many traders exit to take profits.
"Buy the rumor, sell the news." We are in the rumor stage, people.
BTC GROWTH AFTER NOVEMBER ?Bitcoin is about to complete an accumulation pattern on the 1-day timeframe, with 2 days left until the monthly candlestick closes.
Also, this analysis was done after the closing of the weekly candle above the price of $34,500, which shows that Bitcoin has shown a good growth in the last month, which can be a sign of preparation for growth at the beginning of November.
Also, the recent events and tensions, including the conflicts between Israel and Hamas, Iran and the United States, have not been able to have a systematic negative impact on the market, which indicates the high level of stability of Bitcoin.
We are getting closer to the approval days of ETF funds and we understand the demand pressure!!!
If the growth continues, we will encounter in the areas of 45,000 to 48,000 dollars.
The market is healing
As you can see, the first wave is home to the bull whales.
(Huge volume)
Technical Section (Wave 5, Lesser Degree):
As shown on this chart, wave 3 is less than 161.8% of wave 1, as a result, the 5th wave overextends itself. We'll see.
Extended Wave 5 = either
61.8% x length (beginning of Wave 1 to top of Wave 3)
or
= 100% length of (beginning of Wave 1 to top of Wave 3)
or
= 161.8% x length of (beginning of Wave 1 to top of Wave 3)
$BTC bounce to $42-44k as final targetI haven't charted BTC since back in October, when I thought BTC could fall to $15.8k
. Turns out it hit that level and bounced.
I ended up buying that level and sold it at $17k for a quick profit because I was unclear of the direction going forward and I thought there was risk for BTC to fall to $12k, but it has since bounced higher.
Now the trend and the chart has become clearer to me and I think we're setup for a 1-4 month run from here to it's final target of $42-44k. Why that level?
Well I think most people think we can only go to $30k on this bounce, so bouncing higher than that would convince a majority of the market that we're back in a bull market (which we're not). It's also the 50% retracement level from the high (which would make sense for us to retest in a bear market).
I think we're likely to get to these levels by May-June and then I think we'll head down back to the levels I originally thought we were going to $9-12k (for the final bottom). But let's not focus on the downside for now.
In the coming months, look for bitcoin to break these resistance levels on the upside and get to the ultimate target of $42-44k.
Let's see how it plays out in the coming months.
$BTCUSD Retraction Point Approaching The BITSTAMP:BTCUSD pair is nearing a crucial resistance level at $46,177, signaling potential price retraction.
Our indicator ( w.aritas.io ) suggest a gradual exhaustion of bullish momentum, with increased short positions. Additionally, the Relative Strength Index (RSI) is approaching the overbought (OB) zone, indicating a potential reversal.
Caution is advised, and a retracement to around $39,375 is anticipated. Traders should closely monitor these levels for potential trend changes.
Bitcoin Near-Term Price TargetFuelled by its imminent ETF approval, Bitcoin broke past resistance at $28,000 and has seemingly begun a new bull market. For those of you who got in on this move, myself included, I have identified what I think will be a temporary top and a good place to take profit within the next 1-2 months.
On the 1W timeframe we can see the cloud edge to edge trade is in progress and typically price will reach the flat line at the top of the cloud, which is at about $42,000. This level is the 50% fibonacci retracement of the previous bull market high in November 2021, and the bear market low in November 2022.
Additionally the level roughly coincides with the top of the monthly bollinger bands which will act as resistance. Of note is that the bollinger bands are in the process of squeezing together, which occurs prior to a high volatility move.
Once we hit the $42,000 area and the ETF approval is officially announced, I expect that there may be a sell the news event as we have already been pumping on the rumour. Then there will be sideways for a few months until the halving. New chart patterns will likely form during this period, which will provide an opportunity for re-entry and a continuation of the bull market.
