Bitcoin Macro Targets - 2025 peak is 110kThis is a look at the bitcoin weekly chart. The macro structure is very clear. We are already close to the top but with the support crypto is getting from government and wall street I think we can expect it to stay up in this area for another wave as shown on the chart. I am hoping for a massive Alt season in the first half of 2025 as BTC moves sideways after hitting 110k.
What do you think is going to happen? Do these targets look reasonable?
The information created is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Btcusdbullish
How to Make (and Keep!) Money in Crypto**🧵 How to Make (and Keep!) Money in Crypto 🧵**
1/ **First thing’s first:** Most people *lose* money in crypto. They trade with leverage, get liquidated, and chase price swings. But you? You're smarter than that. 😉
2/ Patience is key. If you're still waiting for the right entry point, you're actually doing just fine. The goal here is to ride trends, not chase falling knives. Let the market show you the way. 🔍
3/ Let’s dive into some indicators. 🔥 Bitcoin has just hit the *overbought* zone on the 1-day chart, which usually signals a pullback within the next 4-5 days. That’s your signal to watch closely!
4/ Here’s the plan: if the market surges, wait for the 1-day indicator (blue line) to drop *below 20* before entering. That’s often a sweet spot for setting up profitable trades. Here's what it looks like: (insert example chart image)
5/ And yes, the 3-day and 1-week indicators are important, too. But in a strong bullish market, getting in when the 1-day cycle dips below 20 can yield solid returns. Sometimes a single cycle can net you *30% gains* in one trade. 🚀
6/ Remember: You don’t have to catch every move. Let the indicators guide you and enter at low-risk points. Keep it simple, stay patient, and let the profits come to you. 🧘
Ready to trade smart? Let’s make this bull market count! 🐂💸
Bitcoin Sells Off For Demand To Re-Enter:Next Move-Up Likely BIG
I noticed on Friday at the NY close when Gold/Silver/Stocks, practically everything sold off as the VIX Index threatened it's climb & got to around 13% on the day.
But as NY wound down around 4pm local time, I saw all the Crypto's starting to hammer into green zones.
The main reason my feeling is that they had been beaten down severely in price & when price get beaten down, demand starts to increase and buyers swarm in. This is also supported on the higher time frame Stochastic's which I follow - call me old-skool but they tell me a lot.
What the Oscillators are telling me about Bitcoin presently is that a further oversold condition needs to occur (only a tad tiny bit more) which is more than likely playing out right now. The demand which enters Bitcoin on this leg down when price gets too hard to turn up, will be a massive turn up in price for Bitcoin.
Because of the laws of supply & demand and given that Bitcoin and Crypto are brutally oversold causing buyers to flood in commencing right now, it will be Bitcoin and Crypto that breakout in price way ahead of Silver and Gold in reference to the likelihood of an interest rate cut in just over 10 days time.
Don't listen to the doubters on Bitcoin! Daily trend-lines below
I don't use trend-lines a great deal, because they are objective and what I mean is that traders have different ideas on where to place them. So I constructed several trend lines on the Daily-chart for BTC USD above 3 lines & below 2 lines. Well guess what? Current price is sitting on the 200 EMA (which looks to be sloping up soon, note that 200 EMA is dead-set horizontal at current price.
But there's more guys.......
About a week or so on the Daily chart there was a bullish cross up on the MACD. Weekly & Daily RSI levels are sloping upwards and the Stochastics which I mostly follow are doing the same thing.
You see, I am a contrarian trader & I think to myself why would traders bid-up the Gold Price a shit-load more this coming week when my Stochastics on the weekly and daily shows its very overbought. Sure, it might run up a bit more at the start of the week. After all it is in breakout territory. I think precious metals investors & banks, market makers will turn their focus to bidding up bitcoin this coming week. Do I know, 100% that it will be Bitcoins turn, of course not. But I will be watching the BTCUSD chart with interest.
Also see my other Bitcoin weekly chart which shows the 2024 M-TOP sell-off. The M-TOP bearish pattern played out to an exact 18.8% approx to the downside from the top of system. So, why the hell would price be taken down again. I don't see a bearish H&S or another M_TOP forming. Trade smart guys. Don't be fooled by the so-called experts with their complicated trading styles & busy chart.
(I keep it simple & trade the patterns mostly & I watch out for divergences & overbought and oversold areas).
I made so much money on gold and silver the last several weeks & mostly this past week, that my broker in a very veiled way (Fusion Markets) showed me the door, here in Australia. I am now with Eightcap.
Cheers, Chris.
Cheers,
Chris
BTC accumulation in distribution phaseBTC is trading in channel from couple of months that is forcing BTC to trade between consolidation phase between a ranging channel that is acting as support and resistance. Further price movement is forming bullish flag pattern and also cup and handle price formation on longer term charts that suggest channel support is likely to act as support and bounce towards 58000 - 63000 - 67000 - 69000 is likely.
BTC live analysis and Prediction on 8/4/24 My overview is bullish in BTC as per current buyers and sellers activity.
if price test resistance and retrace not more than 50-60% then a bounce is expected.
If price fail to test resistance then this overview will consider as NULL (conditions not fullfilled)
Good Bounce in BTC as expectedBTC created a sharp bounce from 50-60% Retracement levels which was expected. But I was expecting price will consolidate near resistance level but price directly break the resistance in this quick move thats why there this a retracement. People booked there profit after a quick move
IF there was consolidation near resistance then sharp continuation was expected.
$BTC TOWARDS $80,000 ?👨🏻💻 CRYPTOCAP:BTC /USDT
#BTC has reached a strong daily resistance level that has been a barrier since March, despite the overall bullish trend, raising expectations of a potential retest of support📉
A short-term pullback to a key support level at 69,500 is expected👨💻
BITSTAMP:BTCUSD
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Follow #CryptoEase and Share it With Your Crypto Mate 😉
BITCOIN UPDATE ! NEXT STOP $80,000 ?REVIEW BITCOIN
After a life-long accumulation #BTC FINALLY looks ready for expansion! We got everything we desired: solid breakout of a bullish flag, multiple retests, and another breakout of a small wedge 🤯
The target is price discovery. Great time to hold #BTC IMO!
#CRYPTOEASE
BINANCE:BTCUSD
BTCUSD Bullish Momentum Anticipated from Key Support LevelBTCUSD is currently exhibiting a Harmonic Pattern (XABCD) on the 4-hour time frame. This pattern is characterized by distinct price swings that form geometric structures. As per our analysis, the pattern is nearing completion, with Point D aligning with a crucial support level.
Trendline Analysis:
In conjunction with the Harmonic Pattern, a trendline has been identified, further reinforcing our bullish outlook. The convergence of the Harmonic Pattern and the trendline at Point D enhances the significance of this level as a potential entry point.
Trade Setup:
Entry: Long position entry is recommended at 64690, reflecting our anticipation of a bullish momentum shift from Point D.
Stop Loss: To mitigate downside risk, a stop loss is advised at 59600, safeguarding against unexpected market fluctuations.
Profit Targets:
We have identified multiple profit-taking levels to capitalize on potential upward price movements:
TP-1: 69760
TP-2: 74834
TP-3: 79870
Rationale:
The technical setup indicates a favorable risk-reward ratio, with Point D coinciding with a key support level and the formation of a Harmonic Pattern. This, coupled with the establishment of a trendline, strengthens the bullish bias.
Conclusion:
In summary, based on the analysis of the Harmonic Pattern formation and trendline dynamics, we advocate for a long position in BTCUSD with an entry at 64690 and stop loss at 59600. Profit targets are set at 69760, 74834, and 79870, reflecting our expectation of a bullish trend continuation from Point D. As always, prudent risk management is advised to navigate market volatility effectively.
#BTCUSDT Long#BTCUSDT
We have the cup model configured perfectly.
The cup hand was formed and the breakout to the upside occurred
We have upward momentum and there are target areas that can act as a resistance area as well as a rebound point if we fail to break through it.
We have the 49,000 level as an initial target and resistance area at the same time
If we succeed in breaching it, we have a target for the previous peak, level 68,000.
In the event of a rebound from the 49,000 level, it is expected to touch the rising trend
You must pay attention to the retracement areas to benefit from the best retracements.
As well as exploiting the penetration of those levels