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.
BTCUSDT
BTC ROADMAP to 110K - EXTENDED (But Smol Shorts based on NEWS)SO BTC's MT GOX has moved some btc and based on that news (particularly) ive made the analysis, So likely 110k is inevitable but the range 103k is ideal buys with breaks of 101k as well. I cant write more please see the doodle. Usually it dips to go up and is purely based on the news!
Daily Watchlist (12/17/24) + Market NotesSPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we are stuck in previous range and keep seeing failed attempts to reclaim pivots. Of course anything can happen, but I will strictly be watching individual names only for trades.
QQQ - New ATH again today. Nothing special to note besides the fact that tech is obviously leading things this week
DIA - Polar opposite of QQQ. Industrials getting slammed again this week as DIA puts in its 8th consecutive Daily lower low
IWM - Green today but similar to DIA
Overall market notes: Its clear that the market continues to see cyclical names move higher while more defensive and noncyclical names continue lower. In light of FOMC this week, it doesn't seem like any sectors are making too big of shifts besides financials finally seeing some buying again. Mainly just concerned with what SPY does this Wednesday as it seems like usual we are waiting for the news before making the next significant move.
WATCHLIST:
Bullish :
NASDAQ:PLTR - Potential 3-2U daily with a potential 3-1-2U 4HR to trigger the day. FTFC green, but week is inside with lots of room to go for either side to go 2
Bearish :
NYSE:UBER - Potential 2-1-2D Daily. Shooter inside day to put week 2D and confirm Q attempting to go 3 after hitting hammer revstrat upside magnitude earlier this Q
NYSE:PFE - Potential 3-2D daily to put week 3-2D. Weekly reversal occurred at Q exhaustion, but failed 2 upside attempts now. "Fail one side, target the other"
NYSE:PINS - Potential 3-2D Daily to confirm Weekly 3-2-2D in force with magnitude left
Notable winners from weekly watchlist (posted Sunday 12/15):
ETSY, RBLX, RKLB, OXY, WMT
Daily Watchlist (12/17/24) + Market NotesSPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we are stuck in previous range and keep seeing failed attempts to reclaim pivots. Of course anything can happen, but I will strictly be watching individual names only for trades.
QQQ - New ATH again today. Nothing special to note besides the fact that tech is obviously leading things this week
DIA - Polar opposite of QQQ. Industrials getting slammed again this week as DIA puts in its 8th consecutive Daily lower low
IWM - Green today but similar to DIA
Overall market notes: Its clear that the market continues to see cyclical names move higher while more defensive and noncyclical names continue lower. In light of FOMC this week, it doesn't seem like any sectors are making too big of shifts besides financials finally seeing some buying again. Mainly just concerned with what SPY does this Wednesday as it seems like usual we are waiting for the news before making the next significant move.
WATCHLIST:
Bullish :
NASDAQ:PLTR - Potential 3-2U daily with a potential 3-1-2U 4HR to trigger the day. FTFC green, but week is inside with lots of room to go for either side to go 2
Bearish :
NYSE:UBER - Potential 2-1-2D Daily. Shooter inside day to put week 2D and confirm Q attempting to go 3 after hitting hammer revstrat upside magnitude earlier this Q
NYSE:PFE - Potential 3-2D daily to put week 3-2D. Weekly reversal occurred at Q exhaustion, but failed 2 upside attempts now. "Fail one side, target the other"
NYSE:PINS - Potential 3-2D Daily to confirm Weekly 3-2-2D in force with magnitude left
Notable winners from weekly watchlist (posted Sunday 12/15):
ETSY, RBLX, RKLB, OXY, WMT
The ultimate target for Bitcoin in this cycle?Hello friends, I waited until last night and the closing of the weekly candle to answer this question.
Finally, last night, the weekly candle closed above $104,000, confirming continued upward momentum for me.
When it comes to setting targets for this rally, in my opinion, the best tool to use in trends is the continuation pattern AB=CD.
As you can see, we have a clean and elegant pattern on the monthly timeframe with an attractive target of $260,000.
Additionally, this number aligns with a trendline drawn using two monthly pivot highs, which increases the credibility of this target.
Of course, as the trend progresses, we need to monitor price action more closely and trail our stops. But you can keep this number in mind as the final target for this cycle.
I hope you all have profitable trades and enjoy the bull runnnnnnnnnnnnnnnnnnnnnn! 🚀
BTC/USDT Weekly Chart Analysis. BTC/USDT Weekly Chart Analysis.
A classic bullish reversal pattern has played out successfully.
The structures of the left, head, and right shoulder are perfectly aligned, confirming the breakout above the neckline.
BTC has broken its previous all-time high resistance, pushing above the $100,000 level with strong momentum.
The current sharp rally suggests overextension; a pullback could occur.
Trendlines and Resistance Areas:
BTC has crossed a long-term upward trendline and broken above the resistance area (highlighted in beige).
The breakout signals a shift in price discovery with a possible consolidation or retest.
The 21 EMA (black line) remains well below the current price, confirming bullish strength.
If the momentum sustains, BTC could rise to $120,000-$130,000 in the coming weeks.
The previous resistance area ($80,000-$85,000) could be retested.
This would allow for consolidation before the next leg up.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
@Peter_CSAdmin
Bitcoin preparing for the next move!Bitcoin is currently consolidating in an ascending parallel channel after a very sharp rally.
The most likely scenario is that it will remain in this channel for a while longer, until it ends up breaking up with the approach of Trump's presidency.
If it breaks the channel downwards, there are chances of a slightly deeper correction, and we could visit US$90K.
BTC New All time High and Sentiment IndicatorYesterday was a perfect day where our sentiment cycle indicator was able to capture bull momentum, bearish momentum, and sideways market as well. area in green, yesterday's pump you can see it was in green at level 1,03,252. It started the bull momentum, we got the signal, and the high was of 3,405 points. And then after that it was sideways as I have highlighted. And then we got a sell signal at 1,05,210. And just now 15 minutes back, it has exited the sell signal. And this move is off. Max it was 1,700 points. So yeah, that was the only reason for creating this indicator to help us show the bullish or bearish momentum and also the sideways areas where we can avoid new trades. As long as it is without any color, it is sideways. It only gets us the sentiment, either bullish or bearish sentiment signals.
BITCOIN - Time to buy again!As you can see, the price is in an ascending triangle, which could lead to significant growth after the breakout.
Give me some energy !!
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PEPEUSDT Analysis And Next Market MoveName: PEPE MEME coin
Symbol: PEPE
Type: Meme Token
Timeframe: 8H
Analysis: Technical+Fundamentals
Trend : Bullish
Details:-
PEPE is setting at a strong support level. From this support level. Expecting 30% + quick gain. PEPE is a meme coin and people are thinking this is next DOGE coin.
Bullish Target:-
0.000030
0.000040
Cocoa vs BTC. Introducing Cocoa Futures Commodities TradingCommodity trading has been booming in recent months and years, as everything from industrial metals to oil, precious metals to soft commodities (coffee, cocoa) is getting hotter.
Last week, coffee futures traded in New York ICEUS:KC1! reached 348 cents per pound of beans, a new historical high, and frozen orange juice concentrate futures ICEUS:OJ1! exceeded the $5 mark for 1 pound, reaching also a new all-time high.
The macroeconomic situation, the continuing geopolitical uncertainty, as well as the overall market volatility caused by these large movements, create a lot of new opportunities.
In addition, the food and environmental crisis sweeping across the planet (a special type of environmental situation when the habitat of one of the species or populations changes in such a way that it calls into question its further existence) is creating extreme bottlenecks in supply chains everywhere, which leads to shortages on the one hand, and a corresponding increase in prices and opportunities on the other.
Both private investors and professional market participants can use Commodities Cocoa Futures to expand the possibilities of investment strategies - hedging risks and profiting from price fluctuations.
For market participants involved in the production and processing of cocoa, futures contracts will allow them to better protect their income from undesirable changes in exchange prices for cocoa beans.
In addition, for those market participants involved in the wholesale purchase of cocoa, futures contracts allow them to better protect their margins from undesirable price fluctuations in exchange prices for cocoa beans, which lead to an increase in purchasing costs.
The underlying asset of the futures is the price of cocoa beans on foreign markets. The contracts reflect the dynamics of the price of cocoa beans supplied from countries in Africa, Asia, Central and South America to any of the five delivery ports in the United States.
In fundamental terms, on November 29, 2024, the International Cocoa Association (ICCO) raised its estimate of the world cocoa deficit for 2023/24 to -478,000 tonnes from -462,000 tonnes forecast in May, the largest deficit in more than 60 years. ICCO also lowered its estimate of cocoa production for 2023/24 to 4.380 million tonnes from 4.461 million tonnes in May, a -13.1% decrease from the previous year. ICCO forecasts world cocoa stocks to be 27.0% in 2023/24, a 46-year low.
Cocoa prices have risen sharply over the past months due to uncertainty about future cocoa supplies. Recent heavy rains in Ivory Coast have led to reports of high mortality of cocoa buds on trees due to heavy rainfall.
Unfavorable weather conditions in West Africa are pushing cocoa prices sharply higher. Heavy rains in Ivory Coast have flooded fields, increased the risk of disease, and affected the quality of the crop. Newly harvested cocoa beans from Ivory Coast are showing lower quality, with quantities of about 105 beans per 100 grams. Ivory Coast regulators allow exporters to purchase quantities of 80 to 100 beans or slightly more per 100 grams.
In other words, West Africa is now exporting at its maximum productive capacity, but the deficit in world reserves remains and is growing.
The arrival of seasonal harmattan winds could also worsen the situation.
Declining global cocoa stocks is also a bullish factor for prices. Cocoa stocks tracked by the Intercontinental Exchange (ICE) at three major US ports (Delaware River Port, Hampton Roads Port and New York Port) have been declining for the past year and a half and fell to a 20-year low of 1,430,974 bags on Friday, December 13, 2024 (down 15 percent over the past month).
Another important factor for prices is the seasonal approach of the Christmas and New Year holidays, especially in the main cocoa consuming regions - the US and Europe.
Cocoa prices on world markets are again returning above $ 10,000 per ton, while crypto fanatics in their manic persistence to get the last unmined bitcoin are ready to burn the planet Earth to hell and only deepen the food and environmental crisis striding across the planet.
The main graph represents a comparison across BTC and Cocoa prices over past several months.
So, what would you like to choose amid of recent rally in both assets - sweet cocoa or binary digits inside your computer?
Or are you staying on the sidelines? Let’s talk about it!
Send your thoughts and questions into comment box below to discuss about Cocoa Futures Commodities Trading!
Bitcoin hits a new ATH! Potential for a higher swingBTC/USDT has reached a new all-time high, breaking out of a trend continuation pattern commonly observed in this market. The long-tailed bar on the weekly timeframe indicates potential momentum toward the 115,000 level in the near future. Currently, the market has made an impulsive upward move and is now consolidating sideways. A pullback toward the support zone and upward trendline may precede further upward continuation if rejection candles form, signalling buying pressure. The target resistance zone for this movement is around 108,000
Bitcoin: Bitcoin is still above 100,000 dollars!Bitcoin is above the EMA50 and EMA200 in the 4H time frame and is trading in its ascending channel. Risk On sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. which will cause the failure of the resistance zone(ATH) . After the authentic failure of this area, we will see Bitcoin reach the ceiling of the channel.
Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. The target of this downward movement will be the level of 92 thousand dollars.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.
Last week, Bitcoin spot ETFs saw capital inflows on every single day, recording a total of $2.2 billion in investments.Similarly, Ethereum spot ETFs continued their strong performance from the previous two weeks, accumulating approximately $1 billion in inflows last week, which is a significant amount.
Meanwhile, Microsoft shareholders voted against the proposal to add Bitcoin to the company’s balance sheet during its annual meeting on December 10. The resolution was introduced by the National Center for Public Policy Research (NCPPR), a free-market think tank based in Washington, D.C., which framed the proposal as a way to provide value to shareholders through profit diversification. However, the shareholders ultimately rejected it.
Daniel Batten, an environmentalist and Bitcoin advocate, claimed that Alex de Vries’ “singular opinion” in 2018, as the founder of Digiconomist, was the foundation for all flawed studies on Bitcoin’s environmental impact. Batten argued that this misinformation has led to widespread misunderstandings among the public, investors, and policymakers, causing Bitcoin to be mistakenly seen as an environmental threat. However, newer studies suggest that many of these claims are incorrect, and Bitcoin could even have environmental benefits. He emphasized that Bitcoin’s energy consumption is not tied to the number of transactions and that the network can exponentially increase transaction volumes without raising emissions.
Robert Kiyosaki, a Bitcoin investor, entrepreneur, and author of the bestselling book Rich Dad, Poor Dad, has once again predicted an imminent major crash and urged his followers to buy Bitcoin before it happens. In his recent tweet, Kiyosaki specifically addressed the Baby Boomer generation, to which he belongs, highlighting that Bitcoin is a new and confusing asset for many in that demographic.
In his tweet, Kiyosaki wrote, “The biggest crash in history is coming. Please act early and get rich.” This warning came as Bitcoin surpassed the $100,000 mark for the first time in history. Earlier this year, Kiyosaki predicted that Bitcoin would reach $500,000 by 2025 and as much as $1 million by 2030, citing AI-based forecasts for his projections.
The number of daily active crypto users has reached an all-time high of 18.7 million, a sharp increase from just 7.7 million at the beginning of 2024.
A group of Amazon shareholders, led by the National Center for Public Policy Research (NCPPR), has suggested that Amazon invest at least 5% of its assets in Bitcoin. They argue that Bitcoin has outperformed most asset classes, including corporate bonds. Notably, MicroStrategy, a company that has integrated Bitcoin into its treasury management, has seen its stock outperform Amazon by a significant 537% over the past year.
Meanwhile, BlackRock recently purchased an additional 3,910 Bitcoin, bringing its total holdings to approximately 535,000 Bitcoins, valued at $53 billion. As the world’s largest asset manager, BlackRock has shifted its focus to Bitcoin and Ethereum while delaying the launch of any new altcoin-based ETFs.
The head of BlackRock’s ETF division stated that the company now aims to expand its existing Bitcoin and Ethereum ETFs, given their stellar performance so far.
Additionally, Michael Saylor, Executive Chairman of MicroStrategy, hinted at another Bitcoin purchase in a recent tweet. He wrote, “Does saylortracker miss a green dot?” This cryptic message appears to reference yet another significant Bitcoin acquisition by Saylor. Similar messages from him in the past have often preceded announcements of large Bitcoin purchases. For instance, Saylor has previously teased major Bitcoin buys through similar tweets, which were later confirmed.
Nasdaq also announced that the largest Bitcoin-holding company will be added to the Nasdaq-100 index starting December 23.
BTCUSDTBTC price is still in a strong uptrend. Now the price may have a short-term correction. So if the price cannot break through the 106503 level, it is expected that the price will go down. Consider selling the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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BTC/USD "BITCOIN" Crypto Market Bullish Heist PlanHola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist BTC/USD "BITCOIN" Crypto Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
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Target 🎯 : 110,000.0
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Watchlist (12/16-12/20) Using TheStratSPY Analysis: Month is 2U but back under previous M high and close to flipping red. Last week was 2D but failed to get to magnitude and closed red, but above the reversal trigger at previous week lows. Daily was 2D on Friday, so the daily actionable signal would be a 2D-2U reversal if buyers were strong enough to make a higher high on the daily come Monday. To get us lower, we have a 3-1 4HR setup as well as a shooter 2U Hourly candle. Trigger and target levels can be seen on the chart. Overall, we have some confliction as the D and W are red while the M is still green. This shows an attempt to flip the month red and we must view it this way until we see a daily higher high. If that were to happen, then we look to see the week flip red and then possibly make a higher high on the week for the weekly reversal back to the upside, which would re confirm the month being 2U and green. Traditional TA traders will see a wedge or bull flag on the daily/4HR, but as Strat traders, we know this is just a lack of strength from either side as we continue seeing failed attempts to make HHs and LLs. Although unconventional, if you check the 3 Day TF through the 8 Day TF, you will see they are all currently inside bars in formation still. We also know that inside bars restart the process of making broadening formations, so now its just a waiting game. We see the current attempt is to make lower lows on the daily since we failed to take highs out after the daily reversal, so we now either take out lows, or fail and move back through previous range to the upside. With conflicting situations like this, you just have to rely on timeframe continuity. Until the M, W, D, and 60 are all the same color, simply fall back on top down analysis and timeframe continuity to see what's really going on regardless of how the charts may look
Weekly Watchlist:
Bullish:
ETSY - 2-1 Week, Failed 2D Day. FTFC Green, so looking for BF expansion on the weekly
CRWD - 2-1 Hammer Week. 4HR inside bar. Monthly 3-2-2 still slowly compounding 2Us to Mag
RBLX - MoMO Hammer 2U week. 2-1 Daily to trigger week
RKLB - 3-2D Hammer Week. Relatively large ATR and high rVol
Bearish:
MCD - 3-1 Week, Shooter 2U Day
PINS - 3-2U failed Week, No Daily AS. Weekly Motherbar issues so caution here
PDD 1-2U failed week (Revstrat). No Daily AS. Going for large weekly BF magnitude
ROKU - Failed 2U Week. At Monthly exhaustion risk. Daily PMG and gap fill potential
OXY - 2-1 Shooter Week. Not much range, but clean weekly AS and all big oil names deep red
DDOG - 2-1 Week (Huge red week), Daily 1-3. 2 Daily gap fills, and some weekly lows to target
LVS - 2-3 Week. At Q exhaustion. Will be FTFC Red before W triggers the 3-2D
Neutral:
WMT - 2-1 Week, Daily 3-2D failed. Daily AS could send it back into ATH. Alternatively there is an 11 pivot PMG to the downside + a small gap to fill
Telos ($TLOSUSDT): Chart Analysis for a Promising Bullish MoveI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
Telos ( KUCOIN:TLOSUSDT ): Chart Analysis for a Promising Bullish Move
Trade Setup:
- Entry Price: $0.21571
- Stop-Loss: $0.12497
- Take-Profit Targets:
- TP1: $0.42979
- TP2: $0.61268
Fundamental Analysis:
Telos ( KUCOIN:TLOSUSDT ) is a high-performance blockchain optimized for speed, scalability, and low-cost transactions. Known for its energy-efficient consensus mechanism, Telos has positioned itself as a top choice for developers building decentralized applications (dApps) across DeFi, NFTs, and gaming.
Recent ecosystem updates, including integrations with major DeFi platforms, have reinforced TLOS’s role as a versatile blockchain network. These developments have increased network activity and investor confidence.
Technical Analysis (Daily Timeframe):
- Current Price: $0.21750
- Moving Averages:
- 50-Day SMA: $0.20000
- 200-Day SMA: $0.18500
- Relative Strength Index (RSI): Currently at 60, signalling growing bullish momentum.
- Support and Resistance Levels:
- Support: $0.20000
- Resistance: $0.25000
The daily chart reveals a breakout from a consolidation phase, with $TLOS gaining momentum and forming higher lows. The setup aligns with a bullish continuation pattern, supported by increasing volume and a favourable RSI.
Market Sentiment:
Sentiment around KUCOIN:TLOSUSDT is positive, with growing attention from both retail and institutional investors. The platform's reputation as a sustainable blockchain solution, combined with recent project integrations, has driven renewed interest in the token.
Risk Management:
The stop-loss at $0.12497 limits potential downside, while the take-profit targets at $0.42979 and $0.61268 offer excellent reward potential. TP1 provides a return of 99%, while TP2 offers a 184% gain, making this an attractive opportunity for swing traders and long-term holders.
Key Takeaways:
- KUCOIN:TLOSUSDT is showing strong bullish signs, backed by ecosystem growth and technical indicators.
- The trade setup offers favourable risk-to-reward ratios for both short-term and long-term strategies.
- Strict adherence to stop-loss and target levels is essential for managing market fluctuations.
When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*