Bitcoin Surge Continues! TP 3 Hit, Eyeing TP 4 Next!BITCOIN (BTCUSDT) 4H time frame Technical Analysis:
Bitcoin (BTCUSDT) on the 4-hour timeframe shows a solid long trade with momentum intact. Price action has followed the upward curve supported by the Risological dotted trendline, providing a strong bullish foundation for the current rally.
Key Levels:
Entry: 61,732.3
Stop Loss (SL): 60,316.2
Target 1 (TP1): 63,482.7 ✅ (Hit!)
Target 2 (TP2): 66,315.0 ✅ (Hit!)
Target 3 (TP3): 69,147.4 ✅ (Hit!)
Target 4 (TP4): 70,897.7
Observations :
Bitcoin has already smashed through TP3, riding the wave of bullish momentum.
The Risological dotted trendline is acting as strong support, indicating that TP4 is highly within reach.
With TP3 completed, Bitcoin continues its bullish momentum. Keep an eye on the final resistance at TP4, as the price is showing no signs of slowing down!
Btcusdbuy
BTC/USDT.P UpdateLooks like we were able to get the 382 reaction we were looking for. Congrats to those who took short and profited at that level. This current price action suggests that we are now back on track for a new higher high.
If you are building a long position, you can start layering in your longs as each BOS and retrace happens.
Trade safely
BTC Daily 50-100 sma cross Bullish SignalOn the daily chart for btc/usd, the 50 sma has crossed the 100 sma and is a bullish sign for a continuation after this correction. This could be the final leg up in a rising wedge before another breakdown in the price action. Target is marked above in white horizontal line. There are two fib levels worth watching for long set ups.
Not financial Advice. Do your own DD.
Thanks for checking out the idea.
Imagine new retrace to find out new $$ in next weekswe like to see market as simple as possible, take some profit if you buy in dip and wait enough to trend makes buy in the dip do not FOMO and also be carful about manipulation don't forget that market is moving because of manipulation specially for those retailers who save roughly and loss easily.
anyway I have lots of prediction and scenario for next weeks but my favorite one is to buy BTC lower again and can get profit during these waves in this clear channel.
History is being made and people don't seem to care In the past week we've seen CRYPTOCAP:BTC amazing performance defying all the odds ( not mine obviously) and recovering what seemed to be a historical crash
Now we are seeing history being made Bitcoin will certainly make a new higher high surpassing the 74k level
It's just a matter of time, and it will be explosive (huge candles)
Is Bitcoin's Breakout from Accumulation Channel a Sign of FurtheBitcoin, the world's largest cryptocurrency, has recently surged past the $68,000 mark, setting a new local high and confirming its bullish uptrend. This significant breakout has ignited excitement among analysts and investors, who are closely monitoring the cryptocurrency's next moves. As Bitcoin continues its ascent, many are speculating about the potential for further gains and the factors driving this momentum.
One of the key factors contributing to Bitcoin's recent price surge is its breakout from a long-term accumulation channel. This technical pattern, which has persisted for over seven months, indicates a period of consolidation and accumulation before a potential price increase. By breaking out of this channel, Bitcoin has signaled a shift in market sentiment and a renewed bullish momentum.
Analysts and experts are closely examining various indicators to gauge the strength of Bitcoin's uptrend and identify potential resistance levels. The Relative Strength Index (RSI), a momentum oscillator, is currently hovering near overbought levels, suggesting that a short-term pullback may be necessary to consolidate gains before further upward movement. However, the overall trend remains bullish, and a break above the previous all-time high of $69,000 could signal a more extended rally.
In addition to technical analysis, fundamental factors are also playing a role in Bitcoin's price appreciation. The growing adoption of cryptocurrencies by institutional investors and corporations is driving demand for Bitcoin as a store of value and a hedge against inflation. Moreover, the increasing use of Bitcoin for payments and remittances is contributing to its mainstream acceptance.
However, it is essential to approach the current Bitcoin rally with caution. The cryptocurrency market is highly volatile, and prices can experience significant fluctuations. While the long-term outlook for Bitcoin remains positive, short-term corrections are a common occurrence. Investors should be prepared for potential pullbacks and have a well-defined risk management strategy in place.
As Bitcoin continues its upward trajectory, several key factors will likely influence its future price movement. The regulatory landscape, particularly in the United States, will play a crucial role. Favorable regulatory developments could further fuel Bitcoin's adoption and price appreciation. Additionally, the macroeconomic environment, including interest rates and inflation, will also impact investor sentiment towards risk assets like Bitcoin.
Furthermore, the competition from other cryptocurrencies cannot be overlooked. While Bitcoin currently dominates the market, the emergence of new and innovative projects could potentially challenge its position. The development of scalable blockchain solutions and the introduction of new use cases for cryptocurrencies could impact Bitcoin's market share.
In conclusion, Bitcoin's recent breakout from a long-term accumulation channel has ignited excitement and speculation about its potential for further gains. While the overall trend remains bullish, investors should approach the current rally with caution and be mindful of potential risks. By carefully considering technical analysis, fundamental factors, and the competitive landscape, investors can make informed decisions about their Bitcoin investments.
BTC daily structure viewBTC trading in HL and LL as of now and if no HH are created then either going more down or will keep ranging in this channel.
As a reminder, the following are the rules when it comes to external swing structure:
Bullish External Structure = higher lows leading to higher highs
Bearish External Structure = lower highs leading to lower lows
Internal Structure = no new highs or new lows, not relevant for determining structural bias
BITCOIN - the road map !We will explain the market situation and what is happening in the currencies in this post
And why you should not sell even at 80k or 120k
This is the most important post I will write and share with you. I will return to it in the future to prove to you the truth of what I am saying.
As you know, 67-71k have accumulated very heavily and all the bears have gathered there and formed massive supply areas
Therefore, market makers are emptying this area and absorbing the existing supply, so you see the currencies falling or not moving because the whales are withdrawing liquidity from the currencies and directing it to buy Bitcoin
Also, professional traders and smart money will not enter at resistances and supply areas. They are waiting for a breakout of 73k and confirmation to move
Therefore, you see this great stagnation in the market and on all alternative currencies
Of course, there is something called floating supply, meaning that Bitcoin will rise to 80-90-100 thousand, and there are still bears selling strongly.
After breaking 100 thousand, selling will stop, bears will surrender, and Bitcoin's Dominance will stop rising completely. It is expected to stop at 60-61%.
After that, we will see levels of 130k -140k, and a correction of approximately 20-28% will occur for Bitcoin, but not for currencies, because a violent collapse will begin to acquire Bitcoin's dominance and transfer liquidity from Bitcoin to currencies. After that, Bitcoin will begin to rebound and currencies will begin to explode.
It is normal to see every week double and double and explosions everywhere, and currencies within a few months will hit 10x-20x-30x-50x-100x for each currency and its performance and strength. Here we are in the end of the bull market and at the end of the ALT season.
And you must know intuitively that this is what happens now is positive behavior.
Because we know that explosions don't happen in currencies, madness, FOMO, and memes explosions except when Bitcoin is close to achieving a peak and we all saw the March peak...
in march peak Currencies in some sectors such as AI and memes rose from 3x to 50x so Imagine the if new ATH IN BTC then
BEST regards Ceciliones🎯
Is Bitcoin's Golden Cross Signaling Parabolic Moves Ahead?Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investing in cryptocurrencies is highly volatile and speculative, and it is essential to conduct thorough research before making any investment decisions.
Bitcoin (BTC), the pioneering cryptocurrency, has exhibited a remarkable surge in recent days, forming a bullish technical pattern known as a golden cross. This development has fueled optimism among analysts, who are predicting parabolic price movements shortly.
Bitcoin's price has consistently climbed over the past three days, reaching its highest point since July 29th. This robust uptrend has propelled the cryptocurrency to retest the psychologically significant level of $68,000, marking a substantial increase of nearly 40% from its August low.
The Golden Cross: A Bullish Signal
The formation of a golden cross occurs when a short-term moving average (SMA) crosses above a long-term SMA. This technical pattern is widely regarded as a bullish signal, suggesting that the underlying asset is experiencing a reversal from a downtrend to an uptrend.
In Bitcoin's case, the golden cross was formed when the 50-day SMA crossed above the 200-day SMA. This indicates that the cryptocurrency's short-term momentum has turned positive, potentially signaling a sustained uptrend.
Analysts Forecast Parabolic Moves
Encouraged by the golden cross and Bitcoin's recent price performance, analysts are expressing bullish sentiment and predicting parabolic price movements. Parabolic moves refer to rapid and exponential price increases, often characterized by a steep upward curve.
Several factors are contributing to this optimistic outlook:
• Institutional Adoption: The growing interest and adoption of Bitcoin by institutional investors, such as corporations and hedge funds, are seen as a significant catalyst for price appreciation.
• Macroeconomic Factors: The ongoing uncertainty surrounding global economic conditions and inflationary pressures is driving investors towards safe-haven assets like Bitcoin.
• Technical Indicators: In addition to the golden cross, other technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are also signaling bullish momentum.
Breaking Above the Falling Wedge
Bitcoin's price action has also been supported by a breakout above a descending falling wedge pattern on the daily chart. This technical formation suggests that a bullish reversal is underway, further bolstering the case for higher prices.
However, it's important to note that while Bitcoin has reached a new high, it has yet to close a daily candle above the resistance level of the falling wedge. A successful close above this level would confirm the breakout and increase the likelihood of further upward movement.
Conclusion
The formation of a golden cross and the breakout above a falling wedge pattern have ignited bullish sentiment surrounding Bitcoin. Analysts are predicting parabolic price movements as institutional adoption, macroeconomic factors, and technical indicators all point towards a sustained uptrend.
While the cryptocurrency's future remains uncertain, the current technical landscape suggests that Bitcoin is well-positioned for a significant price increase. However, it's crucial to approach investing in cryptocurrencies with caution and be aware of the inherent risks involved.
$BTC to the moon In the previous analysis of Bitcoin, we mentioned that after breaking this strong dynamic resistance, Bitcoin would experience its maximum growth. Bitcoin has broken through this dynamic trend and confirmed its upward move after a retest. Be sure to check the previous analysis. Bitcoin is set to hit an all-time high soon. Expect Bitcoin to reach between $90,000 and $100,000.
Bitcoin Parabolic Bull Run with the Latest 200-Day MA CrossAfter a brief dip below the $60,000 mark on October 10, Bitcoin (BTC) has regained momentum, inching closer to its all-time high (ATH) of $73,700, reached in March of this year.
This price recovery follows considerable volatility experienced by the largest cryptocurrency on the market throughout the year, with significant price swings, including sharp falls of almost 20% on 5 August and 6 September.
The 200-Day Moving Average (MA)
A key indicator to watch for Bitcoin is the 200-Day Moving Average (MA). This technical analysis tool represents the average closing price of Bitcoin over the past 200 days. When the price of Bitcoin crosses above this long-term moving average, it often signals a bullish trend reversal.
Historical Significance
Interestingly, the last three times Bitcoin's price crossed above the 200-Day MA, it triggered a "parabolic bull run." This refers to a period of rapid and sustained price increases, characterized by a parabolic curve on the price chart.
The first instance occurred in 2016, when Bitcoin's price surged from around $400 to over $20,000 within a year. The second instance took place in 2019, with the price climbing from roughly $3,000 to nearly $14,000 in a similar timeframe. Most recently, in 2021, Bitcoin's price soared from approximately $29,000 to its ATH of $73,700.
Current Outlook
Given the historical significance of the 200-Day MA crossings and the recent price recovery, many analysts are closely watching Bitcoin's price action in anticipation of a potential breakout. If Bitcoin successfully breaks above its ATH, it could signal the start of a new parabolic bull run, potentially leading to even higher price targets.
However, it's important to note that the cryptocurrency market remains highly volatile, and past performance is not indicative of future results. Several factors could impact Bitcoin's price trajectory, including regulatory developments, macroeconomic conditions, and investor sentiment.
Key Considerations
As investors evaluate the potential for a Bitcoin breakout, they should consider the following factors:
• Regulatory Environment: The regulatory landscape for cryptocurrencies varies across different jurisdictions. Favorable regulatory developments can boost investor confidence and drive price appreciation, while unfavorable regulations can create headwinds.
• Macroeconomic Factors: Global economic conditions, such as interest rates, inflation, and geopolitical events, can influence the overall market sentiment and impact the demand for risk assets like Bitcoin.
• Investor Sentiment: The prevailing sentiment among investors towards Bitcoin plays a crucial role in determining its price direction. Positive sentiment can fuel buying pressure, while negative sentiment can lead to selling pressure.
• Technical Analysis: Technical indicators, such as moving averages, relative strength index (RSI), and support and resistance levels, can provide valuable insights into Bitcoin's price trends and potential future movements.
Conclusion
Bitcoin's price action is approaching a critical juncture, with the potential to break above its all-time high. The historical significance of the 200-Day MA crossings and the recent price recovery have fueled speculation about a new parabolic bull run.
However, investors should remain cautious and conduct thorough research before making any investment decisions. The cryptocurrency market is subject to significant volatility, and it's essential to consider the various factors that could impact Bitcoin's price trajectory.
#BITCOIN DAILY UPDATE.#BTC daily candle closed at $66452 which is bullish in the short term.
It is likely to hit the $68K level. Once that target is reached, the price could push for a new all-time high. However, there’s also a chance of a quick retest at the $61K level—potentially forming a long wick followed by a sharp bounce.
Keep this scenario in mind and remember, Bitcoin is still trading below resistance.
Trade carefully.
Cheers!
Do hit that like button if you like it and share your views in the comment section.
Thank you
#PEACE
BTC Hit the target without meBTC directly hit my target without any pullback. So it did not hit my limit buy order and my trade idea has been cancelled. Now I am watching it for another buy setup after it makes any pullback. Or if it makes a daily market structure shift then I will look for short setups. I will definitely not touch it now.
BTC Bitcoin Technical analysis and Trade Idea👀👉 BTC is showing a solid bullish trend on the higher time frames, and I'm closely watching for a potential buying opportunity based on key conditions outlined in the video. We'll explore the critical price action signals to watch for and how to position yourself effectively to capitalize on the next move. Disclaimer: This analysis is provided for informational purposes only and should not be considered financial advice. 📊✅
BTCUSD Come on Baby, You are Ready to Bullrun1. Current Price Action
Price is trading at around $64,719, approaching the previous all-time high of $67,752.
There appears to be a breakout from a downward wedge pattern, indicating a potential continuation of the uptrend.
The price target projected from this wedge is aiming towards higher levels.
3. Future Price Targets
1.272 Fibonacci extension is marked at $100,214, which seems to be the next major target on the upside if the price breaks above the previous all-time high ($67,752).
The chart suggests that there’s a good probability of Bitcoin rallying towards this level if bullish momentum continues.
4. Trend Analysis
The breakout from the wedge is significant, as wedge patterns often signal the end of a corrective phase. The breakout suggests that the market could resume its bullish trend after the consolidation.
If Bitcoin sustains its price above $67,752, it would likely confirm a new bull run, with Fibonacci extensions providing potential targets for the next leg up.
5. Support Levels
On the downside, the first major support is around the 0.786 Fibonacci retracement at $49,793.
Below that, significant supports include $39,099 (0.618 Fibonacci level) and $32,992 (0.5 level).
Bitcoin Bear Trap: A Historical Pattern Suggests a Rally Ahead!BTCUSDT technical analysis update.
The Puell Multiple is a metric that compares the daily issuance of Bitcoin (in USD) to the 365-day moving average of that same issuance. When the Puell Multiple is low, it often indicates that Bitcoin is undervalued, signaling a potential accumulation phase or a bear trap. Conversely, a high Puell Multiple suggests overvaluation, often preceding market corrections.
Currently, the Puell Multiple shows that Bitcoin is trading at levels consistent with previous bear traps in its market history. This pattern has appeared in the last three cycles of Bitcoin, where price action initially suggested bearish momentum before reversing sharply into a bullish trend.
In the previous cycles, the Puell Multiple signaled bear traps, allowing traders to identify key accumulation points. Following these signals, Bitcoin experienced significant bullish rallies, highlighting the indicator's reliability. With the current Puell Multiple levels indicating a bear trap, we could be on the brink of a bullish rally in the coming days.
Regards
Hexa
BTC long setup occurred after leaving 1D Fair Value Gap (FVG)BTC created a bullish FVG on daily chart and tested it on the weekend. And now it wants to go higher. There is another FVG on the 4 hour chart and my setup is like on the chart. I never enter a trade which has a potential less than 2R so my entry has been adjusted to create 2R profit. I am aware that it can go there without filling my limit order and I am totally OK with that.
BINANCE:BTCUSDT.P
BTCUSDT 4h - Triangle inside the cup handle :)BTCUSDT 4h - Triangle inside the cup handle :)
If you like my AT, and you agree with the approaches, please FOLLOW ME and press BOOST so we can share it with more people. We are working on an automated trading tool so that everyone can apply their strategies VISUALLY and PROFESSIONALLY, as we present in the analysis.
Thank you!
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BTCUSDT 4h - Triangle inside the cup handle :)
We have another formation to launch rockets.
The triangle that is forming inside the handle will have an explosive exit again as it has recently happened. It is possible that the price will generate great volatility to leave out both the longs and the shorts, eliminating all those who are leveraged by triggering the Stop Loss. Then it will take the direction that best suits it.
There are open buy orders up to 55k so we could make that minimum before thinking about anything. This level could be the impulse zone to look for 69k.
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Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or the other, taking the necessary deposits from your portfolio.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the development process and the BETA will soon be ready for testing.
FOLLOW ME and I will keep you informed of the progress we make.
I share with you my technical analysis assessments on certain stocks 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. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
BTC VERSUS DESTINY C*HELLO tradingviewers (Tvs)
First of all world is now at the chaos .
As you remember ,unfourtanetly last year Russia hit the Ukraine :(
and after that coins blow up , now we are at the same situation
Our analysis also show us that
I am not like other traders , They always say If btc up or If btc down
they are just mumblıng ....
No need to over explain for pages .
THATS the chart thats the analysis
Take care Crypto brotherhood
Welcome to brotherhood .....
BTCUSDT 1D for me a long cup of coffeeBTCUSDT 1D for me a long cup of coffee
If you like my AT, and you agree with the approaches, please FOLLOW ME and press BOOST so we can share it with more people. We are working on an automated Trading tool so that everyone can apply their strategies VISUALLY and PROFESSIONALLY, as we present in the analysis.
Thank you!
____________________________________________________________________
BTCUSDT 1D for me a long cup of coffee
Right now we are in an erratic zone in BTC where anything can happen within the handle formation.
It could fall again until it touches the base of the dynamic support and rise again until it reaches the neck of the cup or resistance zone at 70k.
If 49k was the lowest part of the handle, we have to start building ascending lows and break the flag resistance. That is what we have to watch out for.
:GOAL: 120000
To see the forest as a whole, we cannot be inside the forest, because there we will only see trees :)
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Automated Cryptocurrency Trading Bots:
All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the development process and the BETA will soon be ready for testing.
FOLLOW ME and I will keep you informed of the progress we make.
I share with you my technical analysis assessments on certain stocks 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. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)