BTCUSDT 1D - LONG coffee Pls!BTCUSDT 1D - LONG coffee Pls!
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BTCUSDT 1D - LONG coffee Pls!
We have finally completed the cup and handle figure. The projection takes us to 120K, but there will be ups and downs along the way. Nothing new :)
Before looking for 80k, BTC will probably retest 69k from where it would take liquidity for a new push. It could even reach 66k.
The most interesting thing is yet to come with the awakening of the ALTS.
At these prices, BTC will grow steadily, developing distribution zones. Think that BTC increasingly needs more capital volume to rise 1%. On the contrary, the ALTS have been suffering a harsh punishment that has many of them at minimums. In this type of tokens, as soon as a little capital comes in, the value skyrockets.
I like to follow BTC as an index that sets the direction of the market, but no more.
Good luck in your decision making.
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
Btcupdate
BTC dominance reveals how to navigate crypto cyclesHello everyone,
this one is for patient (long-term) traders/investors, not for those chasing daily gains or short term swings.
We are looking at BTC dominance chart. BTC dominance is currently at 60%, which is pretty high.
Everyone who follows cryptos for some time should know how crypto cycles work. BTC is king and always leads the way. BTC if the first one to start the bull run, altcoins follow. When BTC is near its peak, money transfers into ALTs --> start of ALTSEASON.
The first peak of altcoin season was January 2018. BTC dominance was at 35%. After Jan 2018 we went into a bear market. BTC dropped in value, ALTCOINS dropped even more. Consequently, BTC dominance went up.
BTC dominance reached top at 74% in Jan 2021. That is when ALTSEASON started.
THIS DOES NOT MEAN THAT BTC REACHED TOP in Jan 2021.
BTC rose from 40k to 70k between Jan 2021 and Nov 2021, but ALTs in this period made bigger gains.
BTC dominance in this period plummeted from 74% to 40%, creating a base for future.
From Jan 2023 BTC has been rising and increasing its dominance, currently sitting at 60%. I am positive it will not break high of Jan 2018. Next strong resistance is in the area of 64-67%, I expect dominance to reverse in this area.
BTC has already made a new ATH, but total crypto market space is not at an ATH yet. So ALTs are lagging in comparison to previous cycle.
I believe we are at the start of ALT season and I will be looking into ALTs for my last gains this cycle. Check my other posts to see which ALTS I am considering. I will also be posting some other ALTs in coming days/weeks, so subscribe to stay notified.
Good luck to everyone.
BITCOIN new ATH soon Hello and greetings to all the crypto enthusiasts, ✌
The previous two analyses regarding Bitcoin have achieved their upward targets, and in this analysis, we will summarize Bitcoin's movement in the relevant time frame. 💣🚀
In the last few days, we’ve seen an impressive surge as the price has not only shattered its all-time high (ATH) but has also broken through multiple significant resistance levels. At this moment, we have a powerful support level and a solid trendline in place, both of which are pivotal for our trajectory. 📚✨
I’m very optimistic that these key factors will drive substantial growth, positioning us to reach a new ATH in the near future. The potential for upward momentum is strong, and I’m excited to see where this journey takes us! 📚🙌
🧨 Our team's main opinion is The price has recently surpassed its all-time high (ATH) and several key resistance levels, supported by a strong trendline and support level. This sets the stage for significant growth and the potential for a new ATH in the near future. 🧨
To enhance your understanding, I’ve summarized the key takeaways at the bottom of the chart for your convenience. I hope you find this analysis insightful and beneficial. ✌🎉
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
BTC conclusionAnalysis by Ahmadarz📊
Key Observations:
1. Support Zone:
- 🛡️ A significant support zone is marked around 48,987.22, which has been tested multiple times as indicated by the green arrows.
- 📈 The price has recently bounced from this support, suggesting strong buying interest in this area.
2. Resistance Levels:
- 🚧 Multiple resistance levels are identified at 58,312.00, 62,497.20 - 62,454.00, 68,067.36, 71,773.98, and 76,514.94.
- ❌ These levels are marked with red arrows and have historically acted as barriers to upward movement.
3. Chart Patterns:
- 📉 A descending triangle pattern is evident, typically a bearish pattern. However, the price has broken below the triangle but then recovered, indicating potential bullish momentum.
- 🔄 The chart suggests a possible bullish reversal, with the price projected to move upward after holding above the support zone.
4. Price Action:
- 💹 The current price is 55,530.01, showing a recent recovery from the lows.
- 📊 There is a marked projection showing a potential upward move towards 76,514.94, passing through intermediate resistance levels.
Detailed Analysis:
- Bullish Scenario 📈:
- 🟢 If the support at 48,987.22 holds, the price could see a gradual move upwards.
- 🎯 Immediate targets would be the resistance levels at 58,312.00 and 62,497.20 - 62,454.00.
- 🚀 A successful break above these levels could lead to further upside towards 68,067.36 and beyond.
- Bearish Scenario 📉:
- 🔴 If the price fails to hold the support at 48,987.22, we might see a retest of lower levels, potentially around 43,103.08 or even lower.
- ⚠️ Failure to maintain above this critical support could indicate continued bearish pressure.
Trading Strategy:
1. Entry 🛒:
- Consider entering long positions near the support zone of 48,987.22 with a stop loss slightly below this level.
- Alternatively, wait for a confirmed break above the immediate resistance at 58,312.00 before entering a position.
2. Targets 🎯:
- Initial targets would be the resistance levels at 58,312.00 and 62,497.20 - 62,454.00.
- Extended targets could be 68,067.36 , 71,773.98, and ultimately 76,514.94.
3. Stop Loss🛡️:
- Place stop-loss orders below the support zone at 48,987.22 to manage risk.
Conclusion:
📊 The chart suggests potential bullish momentum if key support levels hold, with several upside targets. However, traders should remain cautious and watch for any signs of weakness at the support levels. External factors and market sentiment should also be considered in conjunction with this technical analysis. 🚀📉💡
BITCOIN's Meteoric Rise Targets New Highs – Massive Gains AwaitBITCOIN Analysis:
Bitcoin (BTC) has continued its upward trajectory, hitting initial targets TP1 and TP2, with TP3 and TP4 in sight. This bullish momentum aligns with recent market developments, showing signs of further growth potential.
Key Highlights:
Price Action : BTC has breached significant resistance levels, marking strong bullish activity on the 1D timeframe.
Targets Remaining: With TP1 ($68,220.2) and TP2 ($73,980.5) already achieved, Bitcoin's bullish push looks set to challenge TP3 ($79,740.9) and TP4 ($83,300.7).
Supporting Factors:
Market Cap Surge : Bitcoin’s market cap returned to the top 10 global assets, driven by a recent spike to $75K.
Liquidation Event : A single trader was liquidated for $75M on Binance during Bitcoin's latest surge, highlighting heightened market interest and volatility.
Technical Indicators:
The Risological Dotted Trendline shows a strong upward inclination, adding to the bullish outlook. If BTC continues on this path, TP3 and TP4 could be within reach soon.
This setup signals promising profit opportunities as Bitcoin continues to capture massive interest worldwide. Keep an eye on the remaining targets as BTC pushes towards new potential highs.
BTC/USDT.P UpdateIf we ignore the election, we had a bearish weekly candle close this past week so I anticipate a sizeable pull back. If we considering election effects, usually the election week is bearish and then an unconditional rally comes soon after; typically it will last till the end of the year. If this pattern holds true, I would personally hedge a trade to profit on both sides. I'm still long term BTC bullish, but this week, I will consider shorting to hedge against my longs. I have marked a few places where I would take TPs on the short and DCA for my longs for you to reference. Trade safely! @Nate Alert
Bitcoin - The battle For a New All-time HighIn this video I discuss Bitcoins sudden rise to within a few hundred dollars of a new all-time high and what we might expect over the next weeks and months. I also discuss what events could prolong the battle for a new all-time high (the US election, wars).
I also look back at the struggle Bitcoin went through to breakout above the 2017 all-time high. I discuss the incredible consistency as fay as elapsed times between the last two market cycles. I share my view that I believe that Bitcoin is still following a 4-year market cycle and that I expect a market cycle peak sometime in late 2025 (baring a black swan event).
I also share my concern about the diminishing returns trend that Bitcoin has experienced over it's entire price history. My belief though is the trend will be broken this cycle, otherwise I wouldn't expect the price of Bitcoin to rise much further than 80K or so. However, I remain very bullish on this market cycle and beyond.
Lets hope that we can get through this election with as little drama as possible and that we have a decisive victory by one side or the other so that we can avoid a prolonged process that will rile up the markets. Anyway, I am remaining positive, I believe the next twelve months or so will be extremely exciting for the crypto markets, and I feel blessed just to be a part of it.
BTC : Riding Asia Open Volume to the Golden Zone TargetOn the 8-hour chart, I’m targeting an entry to capture potential volume influx as the Asian markets open. I plan to take partial profits along the way, with a target to reach the $71,000 zone, which aligns with the golden Fibonacci retracement level.
Fundamental Context:
This setup is influenced by the buzz around the upcoming U.S. Presidential Election and speculation around Donald Trump’s potential reentry, possibly fueling a “buy the rumor, sell the news” effect. Given the high-impact events surrounding this period, I’m managing risk closely, aiming for strategic exits to maximize profitability within this volatile environment.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
2 Months Till BTC reaches 95kUPDATE!!!!
Hello Fellow Traders,
I hope That Everyone Follows This Forecast To make some big Profits!
Here is a Full Updated Analysis & Forecast For BTCUSD.
Right Now I'm Still Bearish on BTCUSD for Short Term, But When it Reaches Around 20K I will Look for a Long Term BUY opportunity!
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some Rejection / Confirmation / Direction
2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk.
Let Me know if you have any Questions or Comments Below!
Please Support My ideas & Educational Posts with a Like and Comment ❤️
Link to chart
See You in the next Analysis!
Global Fx Education
#BTC URGENT UPDATE:- 66k or $71.3k?That’s a tough doji there. The breakout was impressive, but sellers stepped in, and volume has dropped in the high 70k range.
There's a liquidity zone around $66,300, which also aligns with a lower support level.
Price may consolidate around this level, giving altcoins room for a short-term rally on Monday and Tuesday.
Unless we break that $71378 in htf and ltf , these pumps can fail to sustain.
With US election week ahead, expect market indecision. Play it safe, if you’re new to the market, it’s best to avoid futures trades this week.
Wait for the event to pass if you value your capital.
dyor, nfa.
That's all for now.
Cheers
Do hit the like button if you like it and sharer your views in the comment section.
Thank you
#PEACE
Bitcoin vs Halving vs US Election DatesLook at the history. Bitcoin bull cycle start after Halving event & US election. So accumulation period is prior to halving event and we can sell bitcoin after 1 year from the date of US election. As of historical data, the best time to sell bitcoin will be around November, December 2025.
Disclaimer : The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
BTC/USDT.P UpdateIf you haven't already, you might want to take advantage of this retrace to start building towards BTC ath breakout that is most likely coming in the near future. Here are some great DCA points you can take advantage of if that is what you would like to do. This is what I'm doing 😄
Trade safely, and remember to play on both sides! @Nate Alert
#BTC/USDT#BTC
The price is moving in a descending channel on the 1-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 70500
Entry price 70500
First target 71700
Second target 72660
Third target 73712
Bitcoin need correction before to break new ATH?Hey guys!
Here is fresh thoughts about current BTC situation.
For me, looks like we had Elliot Waves with all this growing movement and can have some correction before to continue move up. Also RSI showing us that is need some cool off.
But volumes are growing and the MA cross is bullish here. So this correction can happen, but the movement can be not that big.
Lmk your thoughts in the comments 👇
Crypto Boom: Can Bitcoin Hit $117,189?This monthly Bitcoin (BTC) chart suggests a potential breakout above the key resistance level of $73,777, signaling a bullish momentum if it closes above this point. A target is set at $117,189, representing a projected 63.75% increase if the trend continues. Overall, a close above $73,777 could help confirm that Bitcoin has entered a strong bullish phase.