Bitcoin is Ready to Take Off!Bitcoin technical analysis update
Yesterday CRYPTOCAP:BTC price touched the broadening wedge support line and the previous major support zone at the $50K level. currently, the price is bouncing from this major support and moving towards the broadening wedge resistance. We can expect a gradual bullish continuation from the current level.
We could see a strong bullish move once the price breaks the broadening wedge resistance, potentially reaching $100K.
Swing and positional traders can enter a long trade in BTC with a stop loss set at $49,000.
Regards
hexa
Btcusdtlong
BTCUSDT Breaks Free: End of Consolidation, Next Stop 100,000?Hey Realistic Traders, let’s dig deeper into the analysis of BINANCE:BTCUSDT !
In the weekly timeframe, Bitcoin is in a bullish continuation phase, potentially marking the start of wave 5. It has also broken out of a Descending Broadening Wedge pattern that formed over more than half a year, signaling the end of a prolonged consolidation phase. Such breakouts from extended consolidation often confirm a continuation of the bullish trend. Additionally, the MACD has shown a bullish crossover , indicating building momentum.
Based on these technical factors, we project a potential upside toward the target at 88,293. Upon reaching this level, a pullback to the green support zone of around 70,000 could occur before the price advances to a secondary target at 104,542.
This outlook remains valid as long as the price holds above the stop-loss level at 56,930.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin.
🔍 Bitcoin Halving 2024: Unraveling the Next Big Rally🔥CRYPTO:BTCUSD
BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
With only 17 days left until the monumental #Halving2024 event ⏳, the anticipation within the crypto community is palpable. Bitcoin ( CRYPTOCAP:BTC ), the trailblazer of cryptocurrencies, is already trading above its All-Time High (ATH), signaling a market that is ripe with optimism. But the real spectacle? It's just on the horizon.
65K is my ideal support for further corrections.
Follow me for more insights ... 🚀🌕
📈 What to Expect?
Historically, Bitcoin undergoes a halving event every four years, a process that cuts the mining reward in half. This deflationary mechanism reduces the new supply of Bitcoin, potentially leading to an uptick in price as demand continues to rise against a limited supply. The aftermath of past halvings has witnessed substantial rallies, and the question now is, not if, but how high will CRYPTOCAP:BTC soar post-Halving2024?
🔑 Key Insights:
Our analysis delves deep into the historical data, comparing pre and post-halving market behavior. The patterns observed suggest a 'wild mode' activation for Bitcoin, often kickstarting a major bull run. But what makes this halving event different? With CRYPTOCAP:BTC already above its ATH, the stage is set for unprecedented growth. 💹
🧐 The Break Point:
The Halving Event is often regarded as a Break Point for Bitcoin, a transformative phase that catapults it into a new valuation territory. Our projections, rooted in sophisticated economic models and historical trend analysis, point towards a bullish explosion that could redefine market expectations. 🌐
📊 Strategy for Investors:
The countdown to the halving is a critical period for investors. Being early in accumulating CRYPTOCAP:BTC and altcoins could position you advantageously for the impending rally. Our advice? Don't wait for the market to move post-halving. The opportunity is now. Accumulate, diversify, and prepare for the ride of a lifetime. 📈
💥Be Part of the Revolution:
#Bitcoin's halving is not just an event; it's a testament to the resilience and revolutionary nature of cryptocurrencies. Join us as we navigate through these exciting times, armed with data-driven insights and a community of passionate investors. Whether you're a seasoned trader or new to the crypto space, now is the time to be part of something extraordinary. Let's embrace the future, together. 🚀🌕
#Halving2024 | #BTC | #CryptoRally
BTCUSD Defying a further pullback. Too bullish at Mid 75k
Bitcoin BTCUSD took a normal day of retracement in earlier trading (Asian & Europe Session), but it's recently made a move upwards, which prompted me to check the intraday charts and it looks like the climb will continue today. Mainly on momentum the past couple of days and of course there is that break of the March high, which reminds the pullback earlier today was probably to test this break of a previous high by new price.
Bitcoin weekly chart. A hint at how its price may head very soon
My understanding is that BTCUSD has already broken the breakout top-line of the weekly cup, it was a price at about 73,750. I could be wrong, but approximately correct. This means BTCUSD has broken out already.
This weekly chart of bitcoin contains the famous weekly head n shoulders pattern that first started forming back in 2021 or was it 2022? Either year is long enough.
In the chart you will also see a rising wedge on this weekly chart. Well bitcoin is climbing to the top right now and does not have far to go. USD might be very strong today so it may not be the session for Bitcoin, but Bitcoin is so resilient to the USD that anything is possible and BTCUSD moves fast when it wants.
Price will bounce out of the top of wedge and become independent to formations, before it makes a short retrace and then heads over the critical area which is the Cup top-lining. This will probably happen very quickly but there should be a retest of the breakout zone.
Also, you want to view the price action on a very low time frame, like 1m to 5m. There will probably be a bullish rising wedge that price also moves in before separating and breaking out.
Good luck.
$BITCOIN Analysis: The market retreats, Ignoring the good news?My answer to the topic is that MARKETSCOM:BITCOIN might have a short-term pullback from technical analysis.
BITSTAMP:BTCUSD soared 9% yesterday since Trump won the presidential election. And then, it be rejected by the resistance level of the bullish channel upper edge.
Therefore, the price might continue to go up after a short-term pullback. And the support level for this pullback could be previous high area.
Bitcoin's Fate: Harris or Trump? / 19Days left for BTCBINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Traders.
With the 2024 election around the corner, Bitcoin's future is uncertain.
If Kamala Harris wins, expect tougher regulations, potentially slowing down crypto growth.
Meanwhile, a Trump win could bring a looser regulatory stance, possibly spurring Bitcoin's rise despite his personal dislike for it. As the U.S. prepares to choose its next leader, Bitcoin investors are left wondering: which path will shape crypto's destiny?
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. Also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
74,320
80,750
89,423
🔴SL:
54,384
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
BTCUSD puts on the big gains 10+%DogeUsd bounces back
Some of the biggest daily Cryptocurrency gains today as BTCUSD chases the breakout-zone and now sits within striking range.
BTCUSD is still part of a 3 x Top system on monthly, weekly and daily charts. Right now it seems be retracing down in price but I don't think it will move down much further as its immediate and intermediate Gig is to breakout past 75,000 very soon and taking Cryptocurrency with it.
DogeUSD puts on more than 14% during the last trading day.
TRON TRXUSD is in a fantastic setup now on the higher time frames, see my Post on TRON and the setup, why it's one of the structurally strongest charts in existence and why I see a bullish turnaround in its price very soon. It's price is still under 20 cents and its only getting fatter going forwards.
Stand StillHey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Sometimes I add a bit to what I have thought. let's do some math here:
Technical Section:
minute:
Wave 4 = 50% of wave 3 ($ 49k)
that was the end of it
Wave 3 is greater than 161.8% of wave 1 ----> Wave 5 = 261.8 % of wave 1 ----> Target = $ 89528
minor:
Wave C = 123.6% of wave A ----> Target = $ 92115
Conclusion: There is only one possibility for the long-term outlook. BTC is about to go vertical!
Appendix:
Stand pat! (Feb 29, 2024)
Dec 28, 2022 (This is what I am basing mine on for the bull market!)
Bitcoin Cycle Repeat? 1 Year Bull Run Above ATH Ahead!In the chart above, we’re comparing Bitcoin’s current cycle with its previous cycle.
Bear Run (1 Year): The previous cycle started with a significant bear market that lasted exactly 1 year, characterized by a sharp drop in price from the peak.
Recovery Phase (2 Years): Following the bear run, Bitcoin spent 2 years in a recovery and consolidation phase, gradually building a support base and regaining momentum.
Bull Run Above ATH (1 Year): After consolidation, Bitcoin entered a 1-year bull run that pushed it above the previous all-time high (ATH), setting new records.
Current Bitcoin Cycle: The current cycle appears to be mirroring the previous one closely:
We’ve had a 1-year bear run, which aligns with the pattern seen in the previous cycle.
This was followed by 2 years of recovery, with the price consolidating and gradually strengthening.
If the pattern continues, we could be entering 1 year of a bull run above the previous ATH, starting now or very soon.
Based on this repeating cycle pattern, the current setup suggests that we might have 1 year of a strong bull market ahead, potentially pushing Bitcoin above its previous all-time high by late 2025.
Regards
Hexa
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
BTCUSDT Forms Rounding BottomBTCUSDT Technical analysis update
CRYPTOCAP:BTC has formed a rounding bottom pattern on the daily chart near the 2021 all-time high (ATH) resistance level. The price is now moving toward this resistance, aiming for a breakout. Currently, BTC is trading above the 100 and 200-day EMAs on the daily chart. If the price breaks above the rounding bottom pattern, a strong bullish move can be expected.
BTCUSDT Bullish Wedge Pattern!BINANCE:BTCUSDT has formed a falling wedge pattern on the 1-hour chart, with strong support at the bottom of the wedge around $67,000. The price has already broken out of the pattern and is now retesting the wedge resistance. Additionally, BTC has crossed above the 100 EMA on the 1-hour chart, indicating potential bullish momentum. We can expect a strong upward move from the current level.
Regards
hexa
Bitcoin Firing & Plenty of Upside Momentum Today Monday
Bitcoin got its support around the 67,000 to 68,000 mark or thereabouts over the weekend and today has made a measured run to more upside and plenty of momentum it seems to be displaying with the uptick in Volume today compared to the weekend.
Price is about 7% below the all-time high price set in March 24.
I doubt it will rush at the breakout point today but you never know. But I think bitcoin won't hesitate to properly breakout in price past the mid-70s, Cryptocurrency views the 'breakingout' to higher prices, as the sooner the better.
1 Year of Bitcoin Bull Run Remaining? In the chart above, we’re analyzing Bitcoin’s historical cycles to see if the current cycle follows a similar pattern.
Bear Run (1 Year): In each of the last three cycles, Bitcoin experienced a bear market lasting exactly 1 year from the all-time high (ATH). This phase saw a significant drop in price as the market corrected.
Bull Run from Bottom (1,064 Days): In the last two cycles, once the bottom was established, Bitcoin entered a consistent bull market that lasted approximately 1,064 days. During this period, the price gradually climbed, eventually reaching new highs.
Current Bitcoin Cycle:
So far, the current cycle appears to be following the same pattern as previous cycles. We’ve already experienced a 1-year bear market after reaching the previous all-time high (ATH).
Currently, we have completed 2 years of a bull run from the bottom, aligning with the 1,064-day bull run observed in past cycles. Based on this historical pattern, we may have 1 year of bull run remaining, which could potentially push Bitcoin to new highs by late 2025.
If this trend continues, it suggests a strong opportunity for growth over the next year, mirroring the end phase of past cycles.
BINANCE:BTCUSDT BITSTAMP:BTCUSD CRYPTOCAP:BTC
Regards
Hexa
When to Book Profits in Bitcoin?Bitcoin technical analysis update
Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI reaches the 89-90 range on the monthly chart, it’s typically a good time to start booking profits. Currently, the RSI is at 63, suggesting there is still room for a price increase in the coming months.
Regards
Hexa
#BTC/USDT#BTC
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 66900
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 68800
First target 69764
Second target 71385
Third target 73266
BTCUSD: Bullish Flag Breakout AheadBTCUSDT technical analysis update
At the bottom, Bitcoin formed a falling wedge pattern over 240 days. After breaking out, the price surged by 75%. Following this rise, BTC entered a 220-day consolidation phase, forming a rectangular continuation pattern, which led to a 133% increase after its breakout. Currently, BTC has been forming a flag pattern for the last 220 days, and in the next 10-20 days, we could see a breakout, potentially signaling another strong bullish move.
Regards
Hexa
Bitcoin: 100-200% Move After 2024 Election?In the last three Bitcoin cycles, the price has shown significant upward movement following U.S. elections. After the 2012 election, Bitcoin surged nearly 11,000%, followed by a 2,800% increase after the 2016 election, and a 370% rise post-2020. With the 2024 election just 17 days away, we could potentially see another strong move, expecting a 100-200% increase in the months following the event.
Regards
Hexa
GBP/USD "Cable" Bank Money Heist Plan on Bullish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
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