BTC will correction to 93K and it will rise again on 19 Dec 2024BITSTAMP:BTCUSD
BTC will correction to 93K and it will rise again on 19 Dec 2024
BTCUSDT
BTC Near $100K! Correction Ahead? Key Zones to Watch!Good morning, crypto bro's! 🌅
📊 Fear & Greed Index: 82 (Extreme Greed).
📉 Stoch RSI: Continuing downward toward oversold.
💡 Analysis:
BTC has corrected after its significant pump to $99,594.
H4 timeframe: BTC could revisit the $99K zone.
Daily & Weekly timeframes: High probability of a deeper correction to the green zone at $85K–$82K.
📌 Market remains in a greed zone, so it’s wise to adopt a wait-and-see approach.
I'm Akki, as always, one chart at a time. Have a great day and stay SAFU!
Support near the HA-High indicator is the point of observation
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(BTCUSDT 1D chart)
The HA-High indicator is showing signs of being created at the 94264.99 point.
Accordingly, if the HA-High indicator is newly created, whether there is support near it is the key.
Since the HA-Low and HA-High indicators touched the indicators most of the time when they were newly created, it is expected that the HA-High indicator will be touched this time.
Therefore, the price is expected to fall.
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What we need to look at is whether it can rise when it touches the MS-Signal (M-Signal on the 1D chart) indicator.
If it doesn't rise, it can lead to a decline until it meets the M-Signal indicator or the HA-Low indicator on the 1W chart.
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Since the BW(100) indicator is currently created at 98892.0, it will eventually have to rise above this point to continue the upward trend.
Therefore, for now, the picture that touches the HA-High indicator and rises above the BW(100) indicator is the best picture.
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Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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BTC URGENT UPDATE
It will be double top and correction on Wednesday
I aspect that approximately 10:00 (utc +0) Wednesay 27 November
and after a correction peope sell all of alts and Friday will pump hard altcoins.
It is a game from whales bro watch out ..!!!!
P*lease leave a likle and comment .
Cheers bro
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BTCUSDT: Predicting Movements with Advanced Indicators - Bitcoin◳◱ On the $BTC/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 95342.42 | 100828.84 | 113878.47 and support near 82292.79 | 74729.58 | 61679.95. Entering trades at 96291.99 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Bitcoin
▣ Rank: 1
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Kraken
▣ Category/Sector: Payments - Currencies
▣ Overview: Bitcoin is the first distributed consensus-based, censorship-resistant, permissionless, peer-to-peer payment settlement network with a provably scarce, programmable, native currency. Bitcoin (BTC), the native asset of the Bitcoin blockchain, is the world's first digital currency without a central bank or administrator. The Bitcoin network is an emergent decentralized monetary institution that exists through the interplay between full nodes, miners, and developers. It is set by a social contract that is created and opted into by the users of the network and hardened through game theory and cryptography. Bitcoin is the first, oldest, and largest cryptocurrency in the world.
◰◲ Technical Metrics :
▣ Mrkt Price: 96291.99 ₮
▣ 24HVol: 2,814,665,178.233 ₮
▣ 24H Chng: -1.146%
▣ 7-Days Chng: 7.07%
▣ 1-Month Chng: 41.60%
▣ 3-Months Chng: 49.76%
◲◰ Pivot Points - Levels :
◥ Resistance: 95342.42 | 100828.84 | 113878.47
◢ Support: 82292.79 | 74729.58 | 61679.95
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: SELL
◰◲ Technical Indicators Summary : NEUTRAL
◲◰ Sharpe Ratios :
▣ Last 30D: 7.09
▣ Last 90D: 3.46
▣ Last 1-Y: 1.92
▣ Last 3-Y: 0.57
◲◰ Volatility :
▣ Last 30D: 0.59
▣ Last 90D: 0.48
▣ Last 1-Y: 0.53
▣ Last 3-Y: 0.55
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth BTCUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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BitcoinWith the start of the alt season, it seems that Bitcoin might experience a correction from the $100,000 resistance zone towards the $75,000–$87,000 range. Then, according to the 123 pattern, it is expected to move towards the price target of $125,000.
Trend Idenifier Indicator (PAID) here is another indicator and see how beautifully it detects short (red background) buy (green background) and sideways (grey background) aka No trading zone..
Its also doing a great job..
BITCOIN📝 Important ranges for this week have been drawn, you can trade them according to your personal strategy.
⏱ TIME:15M
📍If you like this kind of content, please leave a comment❤️
BTCUSDT Strong Bullish Channel!BTCUSDT (Day Chart) technical analysis update
BTC price is breaking the channel resistance on the daily chart after 220 days of formation. The price is trading above both the 100 and 200 EMA, indicating a potential bullish move in the coming days. My next target is $100K. This is a perfect positional trade with a risk-reward ratio of 1:5."
Buy level: Below $66,000
Support: $58,500
Regards
Hexa
BTC: Potential Bullish Opportunity After RetestBTCUSDT (Day Chart) Technical Analysis update
Recently, BTC price broke through the broadening wedge resistance line and reached the peak resistance level of the wedge. However, the price was rejected at this peak and is now retesting the broadening wedge resistance, which may now act as support. After some consolidation around this level, we could anticipate a strong bullish move, making this an attractive buying opportunity for BTC.
Altcoin Market Signaling Potential Bullish Run to $1 TrillionTotal Alt Coins Market Cap analysis update
After a significant upward movement in the market cap, consolidation within a descending channel or flag suggests a period of profit-taking and market indecision, though the overall structure remains bullish. The market is approaching the upper resistance of the flag, signaling the potential for a breakout. Once the breakout is confirmed, a bullish move can be expected. Based on historical price action and technical patterns, the next major target post-breakout could be around $1 trillion before end of 2024.
Bitcoin Price Key Support Levels in Correction📉 Bitcoin's Support Levels During the Ongoing Correction:
1️⃣ $93,400
This is the first key support level in the current correction. If Bitcoin holds above this level, there is a chance for a price rebound. However, if this level breaks, it could trigger more selling pressure, pushing the price lower.
2️⃣ $87,000
If $93,400 fails to hold, this is the next major support level. Holding here might prevent further declines, but breaking it could lead to a move towards the next level.
3️⃣ $82,000
This is the final support level in the short-term. If the price reaches this level and doesn’t find strong support, a further drop to even lower levels becomes more likely.
⚠️ Conclusion:
Bitcoin's correction may pause at one of these key levels. However, if any level fails to hold, the price could move towards the next one. Be sure to manage risk carefully.
Will #BTC go to $100,000?📊 Will #BTC go to $100,000?
🧠From a structural perspective, it is far from possible that our bullish target will be blocked by $100,000, and even if it is blocked, it will be temporary. The ideal target area is 134.8k-175.5k, but the process of achieving this target area may be complicated, just like in March this year, I analyzed that the first stage target area of BTC to be seen was 87k-95k. We went through 8 months of complex consolidation before finally achieving this target area. So how long will it take to achieve the ideal target area?
➡️As the end of the month and the end of the year are approaching, we need to take some appropriate defensive actions to prevent a possible sharp retracement of profits.
⚠️We are currently above the stage target area. If our closing price can always remain above this area next Monday, then we can maintain a positive bullish attitude, otherwise we need to be alert to the possible risk of a decline
Let's take a look👀
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BINANCE:BTCUSDT
$BTC It is still bolish but needs to be correctedI'm still bullish on Bitcoin
But in order for the price to go up, you need to make corrections first
The target area for price reversal is specified on the chart
Also, I remind you that ema50 is on Fibonacci 61, which is an important zone
