BTC POSSIBLE ROUTE TOWARDS DECEMBER !!Sorry for the mess, what you're interested in is the purple arrow here.
We might be looking at a correction before it reaches a new top again, something like 75K in beginning December ;
Even though a lot of traders tend to think now's the time to get in for the 100K rally, we think this is more a zigzag/scalping opportunity and not a long term yet.
Btcusdanalysis
BTC Potential Plan !BTC / USDT
Summary :
BTC finally made its first HH and HL after 6 months being in bearish pattern
What next ?
Correction started and i still think we will get strong bullish wave but first we have high chance to take liquidity at 59.2k or even 57k because there are much liquidity there and also won’t invalidate our pattern (HH and HL)
After that a full bullish wave is expected to 73k as first target
Invalidation of bullish plan : lose 52k daily
Do u agree ?
Let me know in comments section below 👇
BTC Trend Shifting ? and ask about your altcoin analysisBTC / USDT
Quick summary :
190 days have passed since the BTC topping in march 2024 at 73k
Since that moment BTC was trading in downtrend with LH and LL
What we can see in chart :
finally we can start seeing serious bullish signals
1- First Higher low in 6 months
2- Triple bottom formation in RSI indicator
What I wait and expect for next ?
I think we can produce HH soon then a small final correction and after that UP ONLY
Invalidation:
Lose the current HL and continue again in LH and LL
You can ask about your fav altcoin analysis in comment section below and I will try to reply all… Ask for 1 altcoin and write complete symbol (ex: BTCUSDT)
Bitcoin - Gearing Up for NEW ATHBitcoin is showing a sudden increase in momentum, and the pattern I was watching has played out successfully after the last update:
Ultimately, the playout I have been talking about for MONTHS were as follow:
And this is the recent chart data on that exact idea:
I'm happy to finally see everything come together - it took some patience though!
Finally - impulse wave 4-5 (Elliot wave Theory) is in play! From here, we can expect ETH to gradually creep along, and when BTC trades sideways ETH and other top10 market cap alts will make gains. Find more on that, here:
When ETH stalls (and BTC even retraces a little) that's when the smaller cap altcoins will shine.
Cheers to another ATH 🥂🍻
_____________________
OKX:BTCUSDT
Next Stage of Bull MarketUSDT.D is testing the 20 W SMA which has been a key level for Bull Markets.
The zone and MA has acted as Support 4 times previously in 2024 which have correlated with BTC Local Tops
A close under that SMA is indicating that we are entering the next stage of the Bull Market. I prefer a few Daily Closes under, Weekly Close under is Gold Dust and tells me the Next Stage has begun.
Read this to understand the Context of that SMA:
Main reason I'm more Bullish this time compared to that precious Idea is because of DXY.
Confluence:
BTC has shown Strength since Oct 10th despite the continued Upward Trend in DXY that started on Sept 30th.
1 Day RSI on DXY is close to 70(Currently 69) which is a general sign that it is close to Topping.
DXY is also testing the 200 EMA since it broken down below in July.
My expectation is that the 200 EMA acts as Resistance for DXY and it rejects to continue its downtrend. This would be Bullish for Risk Assets like BTC/Crypto and would correlated with USDT.D breaking below the 20 SMA.
Bitcoin's Bullish Trajectory: Derivatives Markets Signal The cryptocurrency market, particularly Bitcoin, is experiencing a surge in bullish sentiment, driven largely by trends in the derivatives market. Analysts and traders are increasingly optimistic about Bitcoin's potential to reach and even exceed the $80,000 mark before the end of 2024.
The Role of Derivatives Markets
Derivatives markets, which allow investors to speculate on the future price of assets, have been a key indicator of market sentiment. In the case of Bitcoin, derivatives like options and futures contracts provide valuable insights into the expectations of professional traders and institutional investors.
Recent trends in the Bitcoin derivatives market suggest a significant uptick in bullish sentiment. The open interest in Bitcoin futures contracts, which represents the total number of outstanding contracts, has been steadily rising, indicating growing interest from market participants. Additionally, the implied volatility of Bitcoin options, a measure of market uncertainty, has been elevated, suggesting increased expectations for price swings.
The Trump Factor: A Potential Catalyst
A significant catalyst for Bitcoin's bullish run could be the potential election of Donald Trump in the 2024 U.S. presidential election. Trump's pro-business stance and his previous support for cryptocurrencies have led many to believe that a Trump presidency could be positive for the crypto market.
If Trump were to win the election, it could lead to increased regulatory clarity for cryptocurrencies in the U.S., which could attract more institutional investors to the market. Additionally, Trump's policies could stimulate economic growth, which could indirectly benefit Bitcoin and other cryptocurrencies.
Technical Analysis: A Bullish Outlook
Technical analysis of Bitcoin's price chart also supports the bullish outlook. The cryptocurrency has been forming higher highs and higher lows, a classic bullish pattern known as a bullish uptrend. The recent breakout above the $72,000 resistance level has further strengthened the bullish case.
Many analysts are now setting their sights on the $80,000 level, and some are even predicting a six-figure price target for Bitcoin in 2025. If Bitcoin can maintain its current momentum and break above the $80,000 level, it could trigger a significant price rally.
Potential Risks and Challenges
While the bullish outlook for Bitcoin is strong, it is important to acknowledge the potential risks and challenges that could impact the cryptocurrency's price. These include:
• Regulatory Uncertainty: Changes in regulatory policies could negatively impact the cryptocurrency market.
• Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur.
• Economic Downturn: A global economic downturn could lead to a sell-off in risk assets, including Bitcoin.
Conclusion
The convergence of bullish factors, including the positive sentiment in the derivatives market and the potential impact of a Trump presidency, has created a strong foundation for Bitcoin's continued upward trajectory. While challenges and risks remain, the potential for Bitcoin to reach and exceed the $80,000 mark in 2024 appears increasingly likely.
Investors should conduct thorough research and consider their risk tolerance before investing in Bitcoin or any other cryptocurrency.
Is Bitcoin going under next week? Quite possibly, here is why..
Well they threw the bitcoin-bone to us retail traders about 2 weeks ago on a Sunday when everything in Crypto was coming alive and turning green on our screens.
I get no pleasure in saying, as I'm invested in Solana, Doge, Bitcoin and others, that things at least for Bitcoin may not be so wonderful going forwards for a little while next week. Perhaps Crypto in general holds up until Bitcoin gets its' sh*t together.
What bothers me is the Daily chart below for BTCUSD. 3 different settings for MACD on higher timeframes are bearish with crossing DOWN signals on the daily chart which is where the momentum-action will catch up and be next week, bearish, I think.
Bitcoin, I said a couple of days ago was struggling on the Daily chart. Intraday does not look good on Monday, my guess is that it starts to sell off this weekend. Put some stop losses on your stuff if you don't have them, trailing stops.
See the daily chart for the loss in momentum to the upside on so many fronts for Bitcoin.
Will BTCUSD’s Breakout Lead to a $90K Target?CRYPTO:BTCUSD
Multi-Timeframe Analysis
Current Price: 71,149.92
Bullish Indicators
• Cup and Handle Pattern
• Descending Broadening Wedge
Key Levels
• Strong Pivot Level: 62,500
• Ultimate Resistance: 75,000.00
• Primary Price Target: 90,000.00
Cup and Handle Pattern (Weekly Chart)
On the weekly chart, BTCUSD has formed a Cup and Handle pattern—a classic bullish continuation pattern suggesting renewed buying interest after a period of consolidation. The rounded bottom of the cup indicates strong accumulation, while the handle represents a temporary consolidation before the next upward move. Based on the measured depth of the cup, we find a potential long-term price projection around 120,000.00, aligning with broader bullish expectations in the current trend.
Descending Broadening Wedge (Daily Chart)
Zooming in on the daily chart, the handle section has formed a Descending Broadening Wedge. This pattern is another bullish indicator, often signaling potential for a breakout to the upside as it nears completion. Importantly, the price has recently broken the upper trendline of the wedge, reinforcing the likelihood of an upward movement. Based on our measurement of this wedge, we set a mid-term price target of 90,000.00, supporting the broader bullish outlook indicated by the Cup and Handle.
Monitor Key Support and Resistance Levels:
The strong pivot at 62,500 serves as a critical support level. Sustained movement above this level reinforces the bullish case.
Resistance Checkpoints:
Price momentum toward the ultimate resistance at 75,000.00 will be crucial to confirm the continuation of the bullish trend toward the primary target of 90,000.00.
Happy Trading!
For timely updates and additional insights, follow us to stay informed on BTCUSD’s next moves.
BTC broke out of rising wedge pattern! BTC broke out of rising wedge pattern ; In this technical analysis, Fibonacci retracements of price and time were used to compare the strength of buyers and sellers. As we can see, after an impulsive wave where BTC's price increased to 73,600 over 182 days, it corrected by only 50% over the next 182 days. This means that the market has given sellers as much time as it did buyers, but their strength was half of that of the buyers over the same period. With this description, we can expect the end of the corrective wave and the start of a new impulsive wave, but before that, the previous high of 73,600 must be broken to confidently enter a long trade. Also, the 70,000 level is an important area for BTC; if BTC can hold this area, the likelihood of its rise will increase significantly. This analysis will be updated in the coming days.
Bitcoin About To Go ParabolicMartyBoots here , I have been trading for 17 years and sharing my thoughts on the crypto market.
This videos shows how Bitcoin can go parabolic and we need to watch very carefully over the next week or 2 .
For more information or any questions just send me a message
MartyBoots
#BTC/USDT#BTC
The price is moving in a descending channel on the 4-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 66000
Entry price 66600
First target 58056
Second target 69169
Third target 70000
BTC/USDT.P UpdateI know you guys are excited about the bull action that finally came after a long wait, but this is where things can get volatile due to manipulation. Remember, if the price action is this obvious all the time, everyone would have been billionaires lol.
Always keep an eye behind you and play on both sides of the market is the best way to go. With that said, we actually did not have a daily candle close "above" the previous major swing high, that is also what I considered as the CHOCH for the bullish trend change. I would be very interested to see if we can give it another attempt today and finally close above that major swing level at 70078. If we close above it on the daily candle, I'll be more bullish, until then, I expect pull backs to grab more liquidity. If it does dump, I'll be ready to accumulate more into my long positions.
Trade safely guys! @Nate Alert
PS** congrats to all the wins from last night's stream, glad to see so many of you making money!
Bitcoin remains in bullish territory - my next tradesLet’s break down the current cycle indicators and what they mean for BTC:
1. 1-Day Cycle Indicator (Blue Line)
- This tracks Bitcoin’s short-term trend (1 week) and ranges from 20 (oversold) to 80 (overbought). It’s currently at 29, hinting at a potential bullish reversal for the week ahead. This could indicate an upswing in the short term if momentum follows through.
2. 3-Day Cycle Indicator (Violet Line)
- Great at forecasting the trend for the next 12–18 days, especially in a sideways market (like the last 6 months). With the indicator nearing 80, there’s room for some upside in this cycle, suggesting that BTC could see positive movement next week.
3. 1-Week Cycle Indicator (Red Line)
- Provides a broader view, indicating longer-term trend reversals (1–2 months). It’s currently at 93, placing it in overbought territory, which signals a potential for a larger trend reversal as we look further out. This could suggest a corrective phase may be on the horizon.
Summary: While short- and medium-term indicators suggest near-term gains, the high 1-week cycle reading hints that a longer-term pullback could follow soon.
BTC/USDT.P UpdateNew week, new start. Here we are closing the week without any new bullish momentum which makes me suspect we are gonna need to seek out more liquidity before breaking above this trend line level.
I've in this daily tf chart marked potential levels of where it could retrace to. It would be a swing trade or you can see this as potentially building your position before the bull rally starts to finally break that ATH into price discovery.
I still think you need to trade with risk management regardless, because there are a lot of potential event volatilities coming up in the near future. I'll be scalping more in streams and swing in these market updates. Trade safely!
Bitcoin Prints the First Golden Cross in Almost Exactly One YearWe'll have to see if it sticks but BTC has just printed a golden cross. The crazy thing is, the last golden cross occurred on October 29th 2023! This golden cross was 2 days short of exactly hitting the 1 year mark. We all know what happened after the last golden cross, over the next 4.5 months the price increased by over 116%.
If you take the time to study Bitcoin's price history, it is very clear that Bitcoin has been running in 4-year market cycles. This is especially true for the last two market cycles. From bear market bottom to the next bear market bottom, the 2015 to 2018 market cycle was 1432 days in length, and the length of the 2018 to 2022 market cycle was 1438 days. Even the elapsed times between events (bottom to halving, halving to peak, and peak to bottom) during each of these cycles is very consistent.
Obviously, this market cycle trend doesn't have to continue, but I believe that it will, at least for this cycle. If that is the case then I wouldn't expect the post halving bull market to begin until late October or November of this year. Looking back at the previous two cycles, the 2016 bull market started 259 days after the halving, and the 2020 bull market started 149 days after the halving. We are now 192 days past the halving that occurred on April 19th.
There is always a chance that I am totally wrong and the peak in March was the peak for this market cycle and it will be all down hill from here. But, I believe the probability of that is very low. But this is just how I am approaching this market cycle, every investor needs to do their own research and make their own decisions. I also make my decisions based on my long-term view and long time horizon.
Why Smart Money is BEGGING for a Bitcoin Dip (Technical Analysis📈 Why Smart Money is BEGGING for a Bitcoin Dip (Technical Analysis)
MAC Strategy: Your Dip-Buying Blueprint
Monthly and weekly Moving Average Channel indicators are bullish. Here's your shopping list:
- Weekly MAC support: $59,234
- Monthly MAC support: $55,943
These aren't dips - they're gifts. When Bitcoin touches these levels, smart money moves fast.
Ducks in a Barrel Strategy Says "Load Up"
Weekly timeframe say we want to buy the dip. :
- 39 & 52 week MAs trending up and pulling away from each other (bullish momentum)
- Strong uptrend intact in spite of the several months of consolidation..
Perfect storm setup for Ducks in a Barrel:
1. Bitcoin undervalued vs gold/treasuries
2. Stochastic hits oversold at the same time
If you see a Bitcoin dip, REMEMBER: Dips are Gifts.
Stop Missing These Setups
I'll be honest - finding and catching these dips isn't rocket science, but timing is everything. Ready to level up?
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Trading Disclaimer
TRADING CRYPTOCURRENCIES INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. Past performance is not indicative of future results. The information provided in this analysis is for educational purposes only and should not be considered financial advice. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change without notice. I am not a licensed financial advisor. All trading decisions and consequences are your responsibility.