Bitcoin, we have to talk !FIRST AND FOR MOST, CONGRATS EVERYONE ON 100K !
Now, I don’t even know what to say, honestly. Right now, we’re in a bit of a situationship with Bitcoin.
You see those two trendlines (red and green)? Yeah, they’re a problem.
Both are drawn from the 2017 market cycle peak and the two 2021 market cycle peaks. (We can argue all day about which one was the real top, but honestly, that’s irrelevant in this situation.)
The real question is: what makes a trendline valid?
A valid trendline needs to touch three points, right? And here’s the catch—we can argue that these trendlines are missing that third peak to be considered valid.
Exactly. My point is that we might actually be making that third peak right now. If that happens, the trendline gets validated, and we’d have—ugh, I hate to say it—a market cycle top. In the best-case scenario, it’s just a local top.
The volume has been decreasing on the daily chart since we first breached 100k. This suggests there isn’t much conviction behind the slow grind higher we’ve been seeing. but hey its a grind i'll take it.
But nothing is guaranteed. Let’s just watch and tread carefully.
P.S. ETH hasn’t hit a new ATH yet, so I’m not saying it’s game over for the market. But for Bitcoin? Yeah, it might be. how and ETH is not even challenging the ATH , I don’t know.
Can Bitcoin slice through them like they don’t even exist? Yes, it absolutely can.
"That's it, that's the idea" - Good night !
Btcusdbuy
BTC LONG TP:113k 16-12-2024The upward trend is expected to continue, targeting a rise towards 113k, with a potential spike reaching between 116k and 118k. Ideal entry points are around 104k to 106k, while stop losses should be set below 101k-102k. Make sure to adjust everything according to your trading style. This projection should materialize within 24 to 30 hours; otherwise, it may need to be discarded. Stay updated with market developments. #Bitcoin #Trading
btc long"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
BTC dell 120.000$📊 BTCUSDT Analysis:
Current Price: $102,859.06
Sell Zone: Near $120,000.00 (🟢 Major resistance)
Support Zone: $77,777.00 (🛡️ Key level for potential rebound)
🚨 Signal:
Bearish Scenario: If BTC reaches $120,000.00, it’s a sell opportunity 📉.
Bullish Scenario: In a strong bull trend (📈), you can buy dips around $77,777.00 (🚀 support area).
💡 Strategy:
Take profits near $120,000.00 🎯 if already holding BTC.
Watch for entries at $77,777.00 🔍 if BTC retraces.
📈 Trend: Overall Bullish unless support at $93,175 or $77,777 breaks (🔻).
🔐 Risk Management:
Stop-loss for buys: Below $73,316.18 (⚠️ Critical level).
Let me know if you need further clarification or tailored strategies!
Bitcoin Eyes $107K: Key Levels to WatchBitcoin is showing bullish momentum, breaking through the key intraday resistance around $102,000. However, given the weekend, I am keeping my expectations realistic.
1. Ideally, I’d like to see either (A) a quick dip below $101,662 followed by a prompt recovery, or (B) sustained price action above $101,662. Both scenarios would significantly increase the likelihood of a bullish move toward the critical resistance at $107,000 in the coming days (as per the green projections).
2. Conversely, a drop below $98,984 could lead to choppy price action, a considerable slowdown in momentum, and a high probability of retesting the $94,650 level.
Bitcoin's Bullish Run and Record HighBitcoin's meteoric rise has captivated the world, with its price surging to record highs and traders setting their sights on even more ambitious targets. As the cryptocurrency market experiences a bullish "Santa Claus Rally," Bitcoin traders are now targeting a staggering $120,000 price level.
Bitcoin's Bullish Run and Record High
Bitcoin's recent rally has been fueled by a confluence of factors, including increased institutional adoption, growing global interest, and favorable macroeconomic conditions. The cryptocurrency has consistently broken new price records, surpassing the $100,000 mark and even reaching heights above $106,000.
However, the market's optimism has been tempered by concerns about the potential impact of a "hawkish rate cut" by the Federal Reserve. While a rate cut is generally considered bullish for risk assets like Bitcoin, a hawkish tone from the Fed could dampen sentiment and lead to a price correction.
The Fed's Impact on Bitcoin
The Federal Reserve's monetary policy decisions have a significant influence on the cryptocurrency market. A rate cut can stimulate economic growth and increase liquidity, which can benefit Bitcoin and other digital assets. However, if the Fed signals a less accommodative stance or hints at future rate hikes, it could lead to a sell-off in the market.
Bitcoin's price has historically been correlated with traditional financial markets, and the Fed's actions can have a ripple effect on the cryptocurrency's value. Therefore, traders are closely monitoring the Fed's announcements and any potential shifts in its monetary policy.
Bitcoin's Potential as a Reserve Asset
Another factor that could increase Bitcoin's price is its increasing adoption as a reserve asset by institutions and governments. Several countries have expressed interest in incorporating Bitcoin into their national reserves, recognizing its potential as a store of value and a hedge against inflation.
If major economies start accumulating Bitcoin as a reserve asset, it could significantly increase demand for the cryptocurrency and drive its price to new highs. This development could further solidify Bitcoin's position as a digital gold and a valuable asset for investors.
The Road to $120,000
While the $120,000 price target may seem ambitious, it is not entirely out of reach. If the bullish momentum continues, supported by strong institutional adoption, favorable macroeconomic conditions, and potential positive developments in the regulatory landscape, Bitcoin could very well surpass this milestone.
However, it is important to approach the cryptocurrency market with caution and to be aware of the inherent risks involved. Bitcoin is a highly volatile asset, and its price can fluctuate significantly in a short period. Traders should conduct thorough research, diversify their portfolios, and consider consulting with financial advisors before making investment decisions.
In conclusion, Bitcoin's recent rally has been impressive, and the cryptocurrency's potential for further growth remains significant. While the Fed's monetary policy decisions and broader macroeconomic conditions will continue to influence the market, the increasing adoption of Bitcoin as a reserve asset and the growing interest from institutional investors could drive its price to new heights. As Bitcoin traders set their sights on the $120,000 target, it is crucial to maintain a balanced perspective and to be prepared for both upside and downside risks.
BTCUSD 4-Hour Chart AnalysisOverview :
I previously had doubts about whether BTCUSD would rise or fall, but this time I'm quite confident. There's a high probability that it will break through the middle line of the channel and start an upward trend. 📈
Key Technical Indicators :
Ascending Channel Analysis :
- Channel Middle Line Breakout: The price is poised to break through the middle line of the ascending channel 📊, which is a significant bullish signal. This suggests that the previous consolidation phase might be coming to an end, paving the way for a new upward movement.
- Support & Resistance: The channel's support and resistance lines have been tested multiple times, indicating their reliability. The recent price action near the support line suggests a strong buying interest at these levels. 🔒
Volume Analysis :
- Increasing Volume: Notice the increase in volume during the recent price movements 📈, especially around the channel's support line. This indicates growing interest from both retail and institutional investors, often a precursor to significant price movements.
- Volume Spikes: The volume spikes at critical levels suggest strong market reactions, either to buying or selling pressure. The recent volume increase near the support line supports the idea of an imminent breakout. 💥
Fake Breakout :
- Bearish Trap: The recent fake breakout below the channel support 👇 adds to the bullish narrative. This "fake breakout" often traps bearish traders, leading to a sharp reversal as these positions get liquidated. 🏦
Moving Averages :
- Golden Cross: The crossing of the shorter-term moving average (yellow line) above the longer-term moving average (purple line) is a classic bullish signal, known as a Golden Cross 🔄. This crossover indicates a shift in momentum from bearish to bullish.
Conclusion :
- Given the current technical indicators, including the ascending channel, increasing volume, and the fake breakout, BTCUSD is poised for a significant upward movement 🚀. The breakout above the middle line of the channel will likely confirm this bullish trend. Keep a close watch on the middle line for confirmation of the breakout. 🔍
Trading Strategy :
- Entry Point: Consider entering a long position if the price breaks above the middle line of the channel with strong volume. 📈
- Stop Loss: Place a stop loss below the recent support level to manage risk. 🛑
Take Profit: Set take profit levels at previous resistance levels or use a trailing stop to maximize gains. 🎯
Risk Management :
- Position Sizing: Ensure your position size is appropriate for your risk tolerance. ⚖️
- Diversification: Do not put all your funds into a single trade; diversify across different assets. 🌐
Market Sentiment :
- Social Media & News: Monitor social media and news for any significant developments that might affect Bitcoin's price, such as regulatory news or major adoption announcements. 📰
BTCUSDT Trade LogBTCUSDT Continuation Setup
Trade Idea:
- Target downside liquidity to approximately $98,500 with a short, followed by a high-confluence long entry in the 4H/Daily FVG.
Short Setup:
- Target: $98,500 to capture downside liquidity.
- Stop-loss: Tight stop above $101,500 to manage risk.
- Confluence:
- 4H OB rejection.
- Rising wedge breakdown aligning with bearish structure.
Long Setup:
- Entry Zone: Around $98,500 , in the 4H/Daily FVG for a discounted entry.
- Target:
- TP1 at $101,500 .
- TP2 at $104,000 , targeting liquidity above the weak high.
- Confluence:
- 4H and daily Kijun support.
- Strong reaction potential after liquidity grab at $98,500 .
Quick Take:
This strategy aims to capture both short-term downside liquidity and the subsequent bullish continuation. Ensure confirmation on both sides for precise execution!
BTCUSDT Trade Log BTCUSDT 1H Short Setup
Trade Idea:
- Short from the micro FVG in a premium zone after rejecting an Order Block (OB).
Confluence:
- Rising Wedge: Bearish wedge structure showing signs of exhaustion.
- Bearish Divergences: RSI and CVD indicate weakening momentum.
- Macro Pressure: Bybit fined in the Netherlands for fraud; Flow Traders withdrew €157M in BTC—both signal potential bearish sentiment.
Risk-Reward:
- Tight stop-loss above the OB/FVG zone.
- 1:2 RRR targeting liquidity levels below $98,000.
Quick Take:
Macro events and bearish divergences align for a strong short opportunity. Stay cautious of volatility and confirm rejection before full entry!
BTC/USDT: Head and Shoulders Pattern with Bullish Continuation Phello guys.
let's dive into btcusdt!
Analysis:
Inverse Head and Shoulders Pattern:
A clear inverse head and shoulders pattern is visible on the 4-hour chart, signaling a potential trend reversal.
The head is formed at 93,842 USDT, with left and right shoulders forming near 96,598 USDT.
Neckline Resistance: The neckline resistance at 102,698 USDT has been tested multiple times, hinting at potential upward momentum.
Fib Retracement Levels:
The 0.618 Fibonacci retracement level at 96,598 USDT acted as strong support for the right shoulder.
The breakout target aligns with the 108,991 USDT zone, derived from the measured move of the pattern.
Bullish Projection: The price could rally toward the 105,798 USDT mid-resistance zone, with a higher probability of reaching the 108,991 USDT target.
Summary:
Support Levels:
96,598 USDT (Fibonacci and right shoulder support).
93,842 USDT (head level).
Resistance Levels:
102,698 USDT (neckline).
108,991 USDT (target zone).
Outlook: A confirmed breakout above 102,698 USDT could lead to a sharp upward move, targeting the 108,991 USDT zone.
Trade Idea: Watch for a neckline breakout with strong volume or consider a pullback toward the right shoulder for better risk-to-reward opportunities.
BITCOIN Is Following 1970s GOLD Parabolic Run MartyBoots here , I have been trading for 17 years and sharing my thoughts on Bitcoin here.
Bitcoin is looking beautiful , very strong chart for more upside
Very similar to Gold which ran huge coming into a new year
Do not miss out on Bitcoin as this is a great opportunity
Watch video for more details
BTCUSD Correction may Continue Bitcoin briefly dipped below $94,000 earlier this week but recovered strongly, stabilizing around the $100,000 mark by Friday.
Despite these mixed sentiments this week, institutional demand remained strong, adding $1.72 billion until Thursday.
Bla bla bla!
The COO of Indian crypto exchange Giottustold FXstreet that the financial incentive for investors is to support adding Bitcoin to a company’s balance sheet.
Bitcoin (BTC) reclaimed the $100K level, trading near $100,100 on Friday after a recent decline earlier this week. The recent pullback in BTC was mostly due to high-leverage traders and some holders booking profits. Despite Microsoft’s rejection of adding Bitcoin to the company’s balance sheet, institutional demand remained strong, recording a total inflow of $1.72 billion until Thursday. Giottus COO Arjun Vijay highlighted the growing financial incentive for companies to adopt Bitcoin on their balance sheets.
Bitcoin reaction this week
BTC LONG TP:106k 12-12-2024I am considering opening a long position in BTC, aiming for the zone between 106k and 108k. It is essential to set a tight stop loss to safeguard our investment and manage risk effectively. Staying attentive to market dynamics will help in making informed decisions. #Bitcoin #Trading
Bitcoin Market Trend Analysis (BTC/USDT) – Updated TradingOverview of the Current Bitcoin Market Trend
In December 2024, the Bitcoin (BTC/USDT) market continues to show a strong bullish trend, with the price moving within an ascending channel. However, Bitcoin is currently facing key resistance levels, which could lead to one of two scenarios: a continued breakout or a correction to test support levels. In this article, we will analyze the Bitcoin market trend in detail and provide effective trading strategies.
Bitcoin BINANCE:BTCUSD Market Overview for December 2024
The Bitcoin (BTC/USDT) chart shows the price moving within an ascending channel, with a trendline support below and resistance above. Currently, the price is approaching the significant resistance zone around 104,000 USD to 106,000 USD. These levels have acted as strong resistance in the past. Will Bitcoin break through these levels and continue its upward trend, or will it face a pullback? Let’s find out.
Analysis of Resistance and Support Levels
Strong Resistance at the 104,000 USD - 106,000 USD Zone
Main Resistance: Bitcoin is nearing the 104,000 USD - 106,000 USD range, which is a key resistance area. If Bitcoin successfully breaks through this zone and stays above the resistance, the price could continue to rise. However, if the price fails to break above and shows rejection, it may consolidate or retrace.
Strong Support at the 100,000 USD Level
Main Support: The 100,000 USD level is not only an important support but also a psychological round number for investors. This is a level where Bitcoin could recover if the market experiences a pullback. If the price dips to this level and begins to bounce back, it may create a buy opportunity aligned with the uptrend.
Bitcoin Trading Strategies
Breakout Strategy
Entry Condition: If Bitcoin BITSTAMP:BTCUSD breaks above the 104,000 USD - 106,000 USD resistance zone with high trading volume, consider entering a long position. Pay attention to the strong upward momentum in volume to confirm the breakout.
Profit Target: The profit target could be 110,000 USD or higher if the trend continues.
Stop Loss: Place the stop loss below the nearest support level, such as 100,000 USD or 99,000 USD, to protect the position if the price fails to maintain the uptrend.
Buy on Dip Strategy
Entry Condition: If the price pulls back to the 100,000 USD level or the support of the channel, you can enter a buy position. Confirm the bounce with increasing volume and a recovery candlestick pattern.
Profit Target: Take profit at 104,000 USD or higher if the uptrend continues.
Stop Loss: Place the stop loss below 100,000 USD or below the channel’s support to safeguard the position.
Short Strategy
Entry Condition: If Bitcoin fails to break through 106,000 USD and shows signs of rejection (e.g., reversal candlestick patterns, decreasing volume), you may consider opening a short position. This is especially true if volume does not increase when the price approaches resistance.
Profit Target: Take profit at the 100,000 USD level or below the channel’s support.
Stop Loss: Place the stop loss above 106,500 USD to protect the position if the price continues higher.
Volume Analysis
Volume is an important factor for confirming technical signals. A strong increase in volume as the price approaches resistance levels could signal a breakout. However, if volume decreases when the price reaches these levels, it may indicate a lack of buying interest, and the market could experience a pullback.
Bitcoin Market Trend Analysis (BTC/USD) – Updated Trading Overview of the Current Bitcoin Market Trend
In recent weeks, the Bitcoin (BTC/USD) BINANCE:BTCUSD market has shown a strong bullish trend, breaking several key resistance levels. From late November until now, Bitcoin's price has consistently reached new highs, but it is currently facing significant resistance levels. In this article, we will analyze Bitcoin's current trend and suggest specific trading strategies for investors in December 2024.
Bitcoin BINANCE:BTCUSDT Market Overview
Based on the 4-hour chart for Bitcoin, we see that the price is approaching the 103,629.86 USD resistance level and may encounter a pullback. Meanwhile, the important support level at 92,381.58 USD has been holding strong as a safeguard for the uptrend. With strong volatility and increasing trading volume, traders should watch for important technical signals to optimize their trading strategy.
Bitcoin (BTC/USD) Trading Strategies
Long Trading Strategy (Buy)
Entry Condition:
Buy when Bitcoin pulls back to the 92,381.58 USD support level and shows signs of recovery (such as reversal candlestick patterns like pin bars or other reversal setups).
Watch for confirmation from the 200-period MA (blue line). If the price stays above this moving average, the uptrend should continue.
Profit Target: Take profit at the 100,000 USD or 103,629.86 USD resistance levels.
Stop Loss: Place stop loss just below 92,000 USD to protect the trade if the market moves lower.
Short Trading Strategy (Sell)
Entry Condition:
If the price fails to break above 103,629.86 USD and shows signs of reversal (e.g., Bearish Engulfing candle), consider opening a short position.
Profit Target: Take profit at the 100,000 USD support level or 97,600 USD.
Stop Loss: Place stop loss above 103,800 USD to protect the position if the market continues higher.
Breakout Trading Strategy
Entry Condition:
If the price breaks above 103,629.86 USD with high trading volume, consider opening a long position.
After the breakout, if the price returns to retest this level and shows confirmation (e.g., candle closes above the previous resistance), consider entering a buy position.
Profit Target: Take profit at 105,000 USD or higher.
Stop Loss: Place stop loss below 100,000 USD to protect capital if the price retests lower levels.
Pullback Trading Strategy
Entry Condition:
Buy when the price pulls back to the 92,381.58 USD support level and shows signs of recovery with increasing volume.
Profit Target: Take profit at 100,000 USD or 103,000 USD.
Stop Loss: Place stop loss below 92,000 USD or 91,000 USD.
Candlestick Pattern Strategy
Entry Condition:
Open a buy position if a strong reversal candlestick pattern forms at the 92,381.58 USD support level.
Open a sell position if a reversal candlestick pattern forms at the 103,629.86 USD resistance level.
Profit Target and Stop Loss: Apply the same profit targets and stop loss levels as mentioned in the strategies above.
Conclusion
With Bitcoin’s strong bullish trend, investors should pay close attention to key support and resistance levels such as 92,381.58 USD and 103,629.86 USD. Trading strategies like buying when the price pulls back to support, selling when encountering resistance, or trading a breakout after breaking key resistance levels can provide profitable opportunities. However, managing risk through stop loss and setting reasonable profit targets are crucial for protecting capital and optimizing returns in a volatile market.
Always monitor the charts and technical signals to make the most informed trading decisions. Wishing you success in your Bitcoin trading journey!
#BTC/USDT Urgent Update!BTC experienced a correction, but it can be seen as just a minor dip compared to the carnage in altcoins.
This kind of surprise is bound to happen along the way. One thing is certain: Bitcoin is far from done, and altcoins haven't even begun to show their real potential.
Looking at the chart, BTC held the support and looks ready for a new ATH.
As long as $90k holds, BTC will likely hit $110- $115k.
Dyor, this is not financial advice.
If you decide to exit now, the only thing you'll likely do in a few months is regret it. Plan wisely.
I will be posting more updates on this week.
If you agree, please click the like button and share your views in the comment section.
Thank you
#PEACE
Bitcoin's Critical Juncture: A $100K Test or a Bearish Turn?
Bitcoin, the world's largest cryptocurrency, has recently reached a critical juncture. Its price action has formed a key support level that bulls must defend to maintain the upward momentum and potentially pave the way for a new $100,000 price push.
A Pivotal Support Level
After a period of consolidation and recent price volatility, Bitcoin has found support at a significant level. This level acts as a crucial line in the sand for the cryptocurrency. If bulls can successfully defend this support, it could signal renewed bullish sentiment and potentially trigger a fresh rally towards the coveted $100,000 price target.
Bullish Resilience
Despite facing headwinds from broader market volatility and regulatory uncertainty, Bitcoin bulls have shown remarkable resilience. The recent bounce from the key support level underscores this bullish sentiment. It demonstrates the underlying strength of the market and the unwavering belief of many investors in Bitcoin's long-term potential.
A Glimpse into the Future: A Golden Warning
However, a closer look at Bitcoin's performance relative to gold raises some concerns. By analyzing historical price patterns, a potential bearish fractal has emerged. This fractal, when compared to previous market cycles, suggests that Bitcoin may be due for a significant correction, potentially as much as 35%.
This bearish signal stems from the fact that Bitcoin's price against gold has reached resistance levels that historically coincided with the start of bear markets in 2018-2019 and 2021-2022. While this fractal analysis provides a valuable perspective, it's essential to remember that market conditions can change rapidly, and past performance is not indicative of future results.
The Road Ahead
The coming weeks and months will be pivotal for Bitcoin's price trajectory. If bulls can successfully defend the key support level and maintain the upward momentum, a new $100,000 price push could be on the horizon. However, if the bearish fractal plays out, a significant correction may be inevitable.
It's crucial to approach Bitcoin investing with a long-term perspective and a risk management strategy. The cryptocurrency market is inherently volatile, and price fluctuations are to be expected. By staying informed, conducting thorough research, and diversifying investments, investors can navigate the complexities of the market and position themselves for potential rewards.
Key Takeaways:
• Bitcoin has reached a critical support level that bulls must defend.
• A successful defense could trigger a new $100,000 price push.
• A bearish fractal suggests a potential 35% correction.
• The cryptocurrency market is highly volatile, and price predictions are uncertain.
Additional Considerations:
• Macroeconomic Factors: Global economic conditions, interest rate policies, and geopolitical events can significantly impact Bitcoin's price.
• Regulatory Environment: Regulatory positive and negative developments can influence investor sentiment and market dynamics.
• Technological Advancements: Ongoing technological advancements in the blockchain space can drive innovation and adoption, positively impacting Bitcoin's long-term prospects.
By carefully considering these factors and maintaining a balanced approach, investors can navigate the complexities of the cryptocurrency market and position themselves for potential rewards.
BTC LONG TP:101000 10-12-2024Bitcoin long position targeted at the 101k zone, with entry points between 93,500 and 95,000. Stop loss placed below 92,500. This setup is based on a 1-hour timeframe, but the expected move could take up to 48 hours to play out. Remember, the entry points, stop loss, and take profit levels are just suggestions - feel free to adjust them to fit your own trading strategy. Stay vigilant and manage your risk carefully. #Bitcoin #Trading
BTC LONG TP:101000 10-12-2024Bitcoin long position targeted at the 101k zone, with entry points between 93,500 and 95,000. Stop loss placed below 92,500. This setup is based on a 1-hour timeframe, but the expected move could take up to 48 hours to play out. Remember, the entry points, stop loss, and take profit levels are just suggestions - feel free to adjust them to fit your own trading strategy. Stay vigilant and manage your risk carefully. #Bitcoin #Trading
#BTC - Ready to pivot and head to 108k
In my latest post I mentioned that we might visit 93-95k. Sadly for alt coins that resulted in a massive bloodbath, but fear not, it is a healthy pullback meant to clear leverage, that will fuel the next move on #BTC
What's next for BINANCE:BTCUSDT ?
1. After the reaction swing high to 102k price now retraced into the 0.618 zone
2. It also fits perfectly on the fib time zone, and as we've seen in the past, it signalled almost perfectly the reversal in the trend
3. Given the massive sell-off from alts, I believe now it has enough strength to move to the extension zone which is around 108k
4. Based on the impulse we should know if it's just a manipulation or it will continue to go higher
Personally I think we should see another sweep from 108k to 90-95k, and only afterwards we can continue higher to 120k
What are your thoughts?