Bitcoin on 5th Elliot Wave ? Whats next ?
I think there can be little doubt as to the fact that we ARE on the 5th Elliot wave and so an ABC correction should be expected.
The question is how Deep will that go
And we all know how hard that is to predict, Stupid to try and be to clever about it, even more so these days with times changing in Crypto world
However, given market sentiment, I do not think it will go to deep
TradingView has an excellent tool for Elliot waves but I do think this is predicting a drastic drop in error
As you can see, it suggests a drop down to around the 200 EMA ( Yellow) at around 51K !
I do not think we are going to see that just yet. Bitcoin has broken so many rules again. Including the bearish pennant it destroyed in Jan 2023
For me, I think it is highly unlikely we will Drop to far and the long term rising support line off Jan 2023 is the Floor for now.
Even a Vertical drop from our current position would being us to around 73K on the rising Support line.
We are most likely in for a long Ranging again and we have yet to fully see the range width
( having said that, it could drop like a Stome, be prepared )
The deepest dip so far this cycle has been -29% when we ranged for 6 months in March - Sep 2024. This then bounced off the rising support and brought us to where we are now.
So could we see an ABC correction in a similar range ?
YES - a -30% Drop also brings us nicely into the still open CME gap at 77K - 80K. It needs filling and CME Gaps ALWAYS get filled eventually.
A Dip like that over the next 6 months would also reset the overbought Weekly MACD
As you can see, that MACD needs to reset, BEFORE we try for the Cycle Top ATH.
It took 6 months to cool off in March - Sep 2024
MACD can range high but I have never seen that on a Weekly.........But.........
Accumulation is still happening. Adoption of BTC is high
So, in conclusion, we wait. The FED next week will certainly add to the Mix with its choice of Rates
But what ever happens, BTC is currently OVERBOUGHT on Weekly - Rising from neutral on a Daily and falling Bearish on 1 & 4 hour
It can move higher, it would be better if it cooled off for a bit
And in the back of my mind, I still see that 2013-2017 Fratal that also suggests a -30% pull back - but we are getting late fo that if we going to stray on the fractel
Time Will tell
Btcusdanalysis
Bitcoin is building pressure for a real breakFor over a month, BTC has been trading within a range, with well-defined support at the 90k level and resistance around the 110k zone.
Two days ago, the price briefly reached a marginal new all-time high before reversing. However, following this pullback, the price quickly recovered. Over the past five trading days, it’s clear that the price is building momentum, creating pressure for a potential breakout.
If (and when) this breakout occurs, it could lead to a continuation of the upward trend, with a measured target around the 130k level.
BITCOIN CAN MOVE TO GIVEN TARGET AREABitcoin's price action continues to capture attention as it edges closer to a significant target on the charts. Traders and investors are closely monitoring its movement, analyzing key support and resistance levels to predict the next possible breakout or retracement. With market sentiment and trading volumes playing crucial roles, the question remains: will Bitcoin achieve its target, or will it face a correction? Stay updated and ready for potential opportunities as the momentum unfolds!
Bitcoin Trade Setup – Jan 21📊 BITMEX:XBT Bitcoin Trade Setup – Jan 21
Hey Traders!
Here’s our setup for BTC-USD (Bitcoin)! ₿
📌 Plan of Action:
We’re holding off for now—waiting for this last 10days of January for clear market sentiment and crypto pro report from the US. No pending orders, just market orders when conditions are right.
📈 Buy Entry Condition:
A clear breakout above $110,000 with a confirmed candle close will signal a buy opportunity.
💡 Key Points:
The setup hints at a short-term breakout with a retest, leading to a textbook ABC Elliot wave trend continuation.
The 38.2% Fibonacci Trend SR still serve as a strong resistance, and when broken becomes a strong support aligning with a bullish fundamental outlook.
Avoid sell traps—stick to the trend!
⚙️ Next Step:
Set up your chart, place alerts, and wait for confirmation. Share your thoughts or questions in 💬 Comment below
Cheers, and happy trading! 🫡
KOG CRYPTO - BTCQuick look at BTC as it seems to be top of the headlines at the moment. We had the level of 103k on this which is now completed.
We now have support at the 104.3 region and obviously bullish above. I would however like to see that higher level and Red box may be give us a RIP if targeted!
It will be interesting to see how this plays.
As always, trade safe.
KOG
Skyrexio | Bitcoin BTC Has Cancelled The Bear Market!Hello, Skyrexians!
Last month BINANCE:BTCUSDT has clearly broken $100k. Most of people think that it's too late now to buy Bitcoin because price is too high, but our analysis tells us that it was only one half of the potential bull run.
Let's take a look at the monthly time frame. We can see the new Elliott Wave structure. Earlier we had a chance that this bull run could be the wave 5, but recently the Awesome Oscillator broke the previous high. The potential bearish divergence has been broken as well. Moreover, Fractal Trend Detector shows that this bull run is strong and no single sign of weakness now.
This is large wave 3 which has the target at least at $125k, but most likely it will hit $190k in 2025.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Are you waiting for Altcoins to pump?BTC Dominance (BTC.D) hasn't dropped yet, and many of you might be losing patience. But as I see it, we won't see the bull run we're hoping for unless BTC.D falls below 57%. The big question is: how long can it hold at this level?
My advice: wait until it drops closer to 49%. Keep an eye on whether it breaks through this resistance. If it doesn't, expect BTC.D to find support at this level and continue its dominance.
I’ll share one more chart that’s crucial for the upcoming bull run, so make sure to follow me for the updates!
MAD Indicator Is best for BTC (PAID INDICATOR)The MAD (Market Anomaly Detector) Indicator is one of the best tools for trading in Bitcoin and Ethereum, particularly because of the sharp momentum in their price movements. These assets often exhibit significant price swings, ranging from $1,000 to $10,000 or more, making it essential to capture tops and bottoms effectively. This indicator has been specifically designed for that purpose.
How the MAD Indicator Works
The MAD Indicator uses three lines, which resemble a Bollinger Band setup:
1. Green and Red Lines: Represent the expected range derived from the mean of the last few candles.
2. Blue Line: The true mean, calculated from a specific number of candles, acts as a dynamic support and resistance level.
The indicator tracks the price’s expected range and dynamically adjusts based on price action. When the price breaks out of this range, the bands expand or contract, signaling momentum changes. In a sideways market, the bands shrink, reflecting reduced volatility.
Signal Conditions
The MAD Indicator provides Buy and Sell signals based on the following rules:
1. Sell Signal:
• When the price closes below the red line, a sell signal is generated, and the background turns red.
2. Buy Signal:
• When the price closes above the green line, a buy signal is generated, and the background turns green.
Additional Reversal Logic
The green and red lines also help reverse signals in certain scenarios:
• Buy Signal Reversal: If the price closes below the red line (triggering a sell signal) but then moves back into the expected range and closes above the red line, it triggers a new buy signal.
• Sell Signal Reversal: If the price closes above the green line (triggering a buy signal) but then moves back below it, it triggers a sell signal.
Built-In Filters to Avoid False Signals
1. Signal Cooldown: The indicator checks the last five candles to avoid repetitive or false signals.
2. Background Validation:
• For a sell signal, the background must already be green, and the price must decisively close below the green line.
• For a buy signal, the background must already be red, and the price must decisively close above the red line.
These conditions help filter out noise and prevent the indicator from issuing signals in uncertain or false breakout scenarios.
Real-World Performance
The MAD Indicator has demonstrated exceptional performance in live testing:
1. Example Buy Signal: At $100,788.29, the indicator generated a buy signal, leading to a gain of 8,715 points.
2. Example Sell Signal: After a sell signal, the price dropped by 8,200 points, showcasing the indicator’s precision.
3. Recent Buy Signal: At $101,456.04, the indicator issued another buy signal, which is still active, emphasizing its ability to capture trends and avoid premature exits.
Why the MAD Indicator Stands Out
• Accurate Trend Identification: Captures breakouts and reversals effectively.
• Avoids Traps: Filters out false signals and ensures that trades align with the overall trend.
• Dynamic Adjustments: Adapts to both trending and sideways markets.
The MAD Indicator is a powerful tool for identifying opportunities, avoiding traps, and managing trades effectively in the highly volatile cryptocurrency market. It’s a game-changer for traders aiming to capitalize on Bitcoin and Ethereum’s price movements with confidence.
Trading BTC with a Solid Plan Is Crucial for Success—Here’s Mine🌟 In this video, I share a trade idea along with my detailed trading plan and we highlight why a well-structured strategy is 🔑 key to success. Discover how to trade BTC Bitcoin 🪙 using a trend continuation approach while leveraging TradingView's powerful tools and features to gain a real edge in the markets. 🖥️✨
Here’s what we’ll cover:
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This video is an in-depth guide to trading effectively with a proven strategy, enhanced by TradingView's unique capabilities. 🚀 Please remember, this is not financial advice. 📜
BTC Analysis BINANCE:BTCUSD
Approximately a month ago, Bitcoin (BTC) reached $108,000, followed by a significant drop to $90,000. A strong support zone formed around $92,000, leading to a rebound. We also had a crucial zone at $99,000 to $100,000, which has been broken and flipped into support.
Currently, as long as the price remains above this zone, there's a strong possibility of moving toward higher levels, potentially reaching around $110,000.
BINANCE:BTCUSD
BTC: Claimed a New All-Time High!BTC touched a new all-time high of $109,568 on the same day Trump entered the White House to take office.
Previously, I mentioned a potential rejection toward FWB:73K , but BTC was rejected at $89.3k and eventually rebounded to claim a new all-time high. Following this 23% rally, BTC still needs to break above the resistance trendline for further bullish movement. Unless BTC breaks through the resistance, the chances of rejection remain valid.
Bullish Move: A breakout above the resistance trendline, creating a new all-time high.
Bearish Move: A rejection from the resistance trendline.
Trade safely.
BTC Volatility Hits 6-Month High, Options Trading ExplodesImplied and realized volatility indexes hit the highest levels since August's yen carry trade unwind.
Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, has always been synonymous with volatility. However, recent market activity indicates a significant surge in price fluctuations, with both implied and realized volatility indexes reaching levels not seen since August of the previous year. This spike in volatility coincides with a renewed frenzy in the Bitcoin options market, suggesting that traders are anticipating significant price swings in the near future.
Understanding Volatility
In financial markets, volatility refers to the degree of variation in the price of a trading asset over time. High volatility implies that the price of an asset can fluctuate dramatically over a short period, while low volatility suggests relatively stable price movements. Volatility can be measured in two primary ways:
1. Realized Volatility: This is a historical measure of how much an asset's price has fluctuated in the past. It is typically calculated by looking at the standard deviation of price changes over a specific period, such as 30 days.
2. Implied Volatility: This is a forward-looking measure of how much the market expects an asset's price to fluctuate in the future. It is derived from the pricing of options contracts, which give the holder the right, but not the obligation, to buy or sell an asset at a specific price on or before a certain date.
Current Market Trends
The increase in implied volatility suggests that options traders are pricing in a higher probability of significant price swings in Bitcoin. This could be due to a number of factors, including:
• Increased Institutional Participation: The growing involvement of institutional investors in the Bitcoin market has led to larger trading volumes and potentially greater price swings.
• Regulatory Uncertainty: The lack of clear regulatory frameworks for cryptocurrencies in many jurisdictions continues to create uncertainty and contribute to volatility.
• Market Sentiment: Overall market sentiment towards Bitcoin can also play a significant role in its volatility. Positive news and developments can lead to rapid price increases, while negative news can trigger sharp declines.
Options Market Frenzy
The surge in Bitcoin volatility is closely linked to a renewed frenzy in the Bitcoin options market. Options contracts provide traders with a way to bet on future price movements without having to directly buy or sell the underlying asset. The recent increase in options trading suggests that traders are actively seeking to capitalize on the expected price swings in Bitcoin.
One notable trend in the options market is the increasing demand for call options, which give the holder the right to buy Bitcoin at a specific price. This indicates that many traders are betting on further price increases in the cryptocurrency.
Potential Risks
While the current market conditions may present opportunities for some traders, it is important to be aware of the potential risks associated with high volatility. Rapid price swings can lead to significant losses for those who are not adequately prepared.
For latecomers to the Bitcoin market, the risk of immediate unrealized losses is particularly high. If the price of Bitcoin were to suddenly decline, those who recently bought in at higher prices could see their investments quickly lose value.
Conclusion
Bitcoin's recent surge in volatility, coupled with the frenzy in the options market, highlights the inherent risks and opportunities associated with this digital asset. While the potential for significant gains exists, traders must also be prepared for the possibility of substantial losses. As the Bitcoin market continues to evolve, it is crucial to stay informed and exercise caution when making investment decisions.
BTC new all time highsOn going FIBonacci price targets of BTCUSD.
112,750 1st target, new all time high.
Resistance likely @ previous 108k all time high.
:: See chart for predictive price path.
--- Mid - Late Feburary price price prediction.
::: Speculative assumption on current BTC price action. :::
***Newest local low and price action suggest the new local low bottom with continuation to the up side.
108k should stabilize - followed by 112,750 new ATH target.
TRUMP SAY HELLO TO (BITCOINER ) Trump's Presidential Oath ✅
Tomorrow Donald Trump will take oath as 47th president of America. Effect of presidential oath on #FOREX market.
✅#BTCUSD 🌍
Trump is highly in the favour of #Btcusd and you have already saw #Btcusd movement when Trump won USA elections.
Tomorrow #Btcusd will highly be volatile and it's upcoming Target will be #120k$ #135k$ and #150k$.
✅#GOLD 🌿
Gold will start a new fresh trend in #SELL and it will mostly hit 2600$ and 2500$.
✅#US30 and #NASDAQ will also be in selling pressure.
#BTCUSDT: Three Entries Going On Good, Next Target 150k! Dear Traders,
Three of our entries going good so far, where our third entry reversed and moved on nicely. We are now focusing on 120k first and then we will moving forward toward 150k. Correction is not likely to happen in meantime. Please use accurate risk management while trading BTC.
Bitcoin: The Perfect Pullback Entry! 🔥 What's up, traders! Welcome to another explosive analysis! 🔥
Today, I’m entering BTC/USD with a strategy that’s on FIRE. 📈 The trend is crystal clear: Bullish! 🟢 But hold on, the Market Prediction Indicator is signaling a possible pullback before the next big move up. 😎
That’s why I’m not jumping in right away. I’ve placed a Buy Limit at $100,845.60, waiting for the price to dip and give me the perfect entry. 💸
🎯 Take Profit: set at $105,964.67
🛡️ Stop Loss: locked in at $97,576.65
I’m aiming for that perfect entry, taking advantage of the pullback to ride the bullish momentum hard. 🚀
What do you think? Will the market respect this analysis or surprise us? 🤔
Drop your thoughts in the comments and don’t forget to subscribe for more strategy-packed and action-filled analysis! 📊🔥
Let’s go all in! 💥
Disclaimer:
This content is for educational and informational purposes only and should not be considered financial advice. Always do your own research and consult with a licensed financial advisor before making any investment decisions. Trading cryptocurrencies involves significant risk and may result in the loss of your capital.