#BTC reaches support zone📊#BTC reaches support zone✔️
🧠From a structural point of view, all the goals of the short structure have been achieved, and the target area of this structure overlaps with the yellow support area. The overlapping area is regarded as the heaviest support area, so there is an expectation of rebound.
➡️From the perspective of wave theory, the Elliott Pulse Wave has been fully realized, and there is also an expectation of rebound.
➡️If you miss the best entry opportunity, then you can expect to participate in long trades after building a long structure near the buy zone.
Let's see👀
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BITGET:BTCUSDT.P
BTCUSDTPERP
BTCUSDT Near Strong Trendline Support!BITSTAMP:BTCUSD Techncial analssyso update
BTC price is currently trading at the 200 EMA level, which will act as strong support on the 4-hour chart. Additionally, the price is approaching the trend support line, which is considered a key support level for BTC. The volume profile also indicates significant support in the $ 94K-$96K range. A strong bounce from this level can be expected
Regards
Hexa
Start of decline: Below 97821.58
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The Market Cap chart will be updated again when a new candle is created.
I think the gap increase of USDT, USDC is a trace of funds flowing in.
The increase in BTC dominance means that funds are concentrated on BTC.
You cannot predict the rise and fall of BTC with BTC dominance.
The rise in USDT dominance is likely to be reflected in the decline of the coin market.
The start of the decline in the coin market is expected to begin when it rises above 4.97 and is maintained.
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(BTCUSDT 1W chart)
The point to watch is whether the StochRSI indicator shows a downward trend from the 100 point or whether it switches to a state where StochRSI > StochRSI EMA.
Since the StochRSI indicator is a lagging indicator, you can know the exact value when a new candle is created.
However, if there is a change in the value of the StochRSI indicator when a movement occurs, it means that an important point has been passed.
In that sense, the fact that the StochRSI indicator is maintained at the 100 point despite the current price decline means that an important point has not been passed.
However, there may be fluctuations in the StochRSI indicator value when a new candle is created while the price is falling.
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(1D chart)
The HA-High indicator is expected to be created at 101947.24.
Accordingly, the key is whether it can be supported near 101947.24.
If not, it falls and shows resistance near the MS-Signal (M-Signal on the 1D chart) indicator or 97821.58, there is a possibility of meeting the M-Signal indicator on the 1W chart.
Therefore, before meeting the M-Signal indicator on the 1W chart, you should check whether it is supported near 87.8K-89K or whether the HA-Low indicator or BW(0) indicator is newly created.
If the HA-Low indicator or BW(0) indicator is generated, it is important to see if there is support in the vicinity.
If the HA-Low indicator is generated, it is expected that the current wave will end and a movement to create a new wave will begin.
The start of the decline is expected to start when it falls below 97821.58.
The volatility period is around December 27 (maximum December 26-28).
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Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
In the big picture, it seems to have been maintaining an upward trend 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 upward trend is expected to continue until 2025.
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(LOG chart)
As you can see from the LOG chart, the upward trend 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 upward trend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the upward wave.
The Fibonacci ratio on the right is the Fibonacci ratio of the upward trend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will 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 to decide how to view and respond to this.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
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Is the #BTC pullback over?📊Is the #BTC pullback over? ❓
🧠From a structural point of view, the ideal target area (83223-89155) of the short structure has not been fully realized, so we need to be alert to the possibility of further decline. However, we are currently in multiple overlapping support areas, and there is the possibility of continued rebound. We need to The resistance area of concern is near 98600, and we will wait patiently for new signals to appear. ☕️
➡️We need to be cautious enough when trading against the trend. Therefore, the long orders we held near 96,000 were set to break even after locking in the main profit. In the end, the long orders were swept and we made a small profit.
Let's see👀
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BITGET:BTCUSDT.P
#BTC bullish trend is good, cautious bearish📊#BTC bullish trend is good, cautious bearish⚠️
🧠From a structural point of view, we started the callback after building a short structure in the red target zone. Currently, the target zone of this structure has been achieved and a good rebound has occurred. If we want to continue higher, we need to break through the blue resistance.
⚠️If we reach the weekly level resistance line early, we need to be alert to the occurrence of a sharp decline.
Let's see👀
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BITGET:BTCUSDT.P
BTCUSD next possible move
🔑 "Success is not final, failure is not fatal: it is the courage to continue that counts." – Winston Churchill
Every success we achieve is just a step, not the final destination. Likewise, every failure is merely a temporary lesson, an opportunity to grow and improve 🌱.
🔥 What truly matters is our ability to persevere, to keep moving forward despite obstacles and setbacks. Those who succeed in the long run are those with the unbreakable courage to rise after every fall 🏆.
💪 Don’t fear failure. See it as a stepping stone to your future victories. Each challenge is a chance to become stronger, wiser, and more resilient.
✨ Keep moving forward with confidence and determination, because your true strength lies in that perseverance. 🚀
BTCUSDT: two scenarios!hello guys!
Key Observations:
Pattern Formation:
Left Shoulder: Formed earlier around the $97,000 region.
Head: A drop to approximately $96,598.96 (Fibonacci 0.618 retracement level).
Right Shoulder: A potential retest of the $97,800 support area before continuation.
Price Scenarios:
Scenario 1: Bitcoin breaks the current resistance near $103,000 and continues to the target zone at $107,992.11.
Scenario 2: A retest of the $97,800 support region (right shoulder), followed by a bullish breakout to the $107,992.11 target.
Targets:
Major target: $107,992.11 (blue supply zone at the top).
Technical Confirmation:
Price is currently consolidating above the neckline and above key Fibonacci support (0.618 at $96,598.96).
Breaking the $103,000 resistance decisively could validate a strong bullish move.
Conclusion:
If BTC maintains support above $97,800 and breaks above $103,000, there is a higher probability of reaching the $107,992.11 target. Watch for bullish momentum confirmation and avoid downside risk if the right shoulder level fails.
#BTC continues to break through, next support?📊#BTC continues to break through, next support?❓
🧠From a structural point of view, we have continued to hit new all-time highs according to the bullish cup-and-handle structure. Currently, a short structure has been constructed in the red target area and there has been a pullback. If we continue to pull back according to this structure, then a new support area You can follow 100358-101838
⚠️If we reach the weekly level resistance line early, we need to be alert to the occurrence of a sharp decline.
Let's see👀
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BITGET:BTCUSDT.P
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!
#BTC Rising Wedge📊#BTC Rising Wedge📉
🧠The market is boring over the weekend, there is not much volume, we should learn to take a break. From the perspective of the chart, we have the opportunity to build a rising wedge in the resistance area, and generally we fall according to this model.
➡️If the market develops as expected, then we need to pay attention to the buying opportunity when the price reaches the green buy zone and the yellow support zone.
Let's see👀
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Bitcoin will make the New ATH!?Bitcoin ( BINANCE:BTCUSDT ) is moving near the Support zone($99,600-$98,000) and has managed to break the Resistance lines .
Regarding Elliott wave theory , Bitcoin completed a corrective wave as I expected .
I expect Bitcoin to rise to at least Resistance zone($102,280-$101,000) and if the Resistance zone breaks , we can hope for a new All-Time High(ATH) soon .
⚠️Note: if BTC goes below the Support zone($99,600-$98,000), we can expect more dumps. ⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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#BTC complex consolidation phase📊#BTC complex consolidation phase☕️
🧠From a structural point of view, we are currently oscillating in overlapping resistance zones. Try to reduce transactions in the conflict zone and wait patiently for a breakthrough on either side☕️
➡️If the price finally chooses to break upward and continue the power of the bulls, then the position we retain will look forward to the final target of 108888
➡️If there is a suitable correction later, then I will continue to look for trading opportunities to participate in the long position.
Let's see👀
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BITGET:BTCUSDT.P
BTC 1h updateIt looks like the market's been moving sideways on the 1-hour chart. Yesterday, December 10, 2024, the price slowly climbed to the resistance level at 98,341 and then took a sharp dive. We were hoping for a more obvious fake-out at that resistance, but instead, the price just touched the level and dropped. After that steep fall, buyers pushed the price back up, but with less volume than during the drop.
Given that the daily and weekly charts show resistance around 100,000, I'm expecting a clearer fake-out at the 1-hour resistance level, followed by a drop to the 1-hour support. Since the daily chart also shows a sideways movement, it's not too far-fetched to think the price might hit the daily support around 90,800. Let's wait and see how things play out.
#BTC long structure target achieved📊#BTC long structure target achieved✔️
🧠 From a structural perspective, we have built a bullish long structure in the overlapping support area. The target of this structure has been achieved and it has reached the resistance area, so we need to be alert to the risk of a pullback.
➡️So, the long orders we got in the overlapping support area have locked in 80% of the main profits, and then only a small part of the position is retained to maintain greed.
Let's see👀
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BITGET:BTCUSDT.P
Bitcoin: The Path to $125K or Beyond?BINANCE:BTCUSDT after yesterday’s flash crash price is currently consolidating around $95,000-$98,000. The market’s bullish sentiment is fueled by factors such as record-low exchange reserves, growing demand from Bitcoin spot ETFs, and increased accumulation by long-term holders. These dynamics have significantly tightened supply, positioning Bitcoin for another potential rally.
Looking ahead, again breaking the $100,000 psychological level could pave the way toward targets of $110,000 and $125,000. Analysts highlight the influence of regulatory developments, particularly in the U.S., and the increasing adoption of Bitcoin by institutions as critical catalysts for its growth. Conversely, a dip below $94,000 could signal a bearish phase with support at $90,000.
The long-term outlook remains optimistic, with experts forecasting Bitcoin’s price to reach between $150,000 and $250,000 within the next year, driven by its finite supply and enhanced institutional backing. As Bitcoin’s trajectory unfolds, monitoring BITSTAMP:BTCUSD ETF inflows and macroeconomic trends will be essential to capitalize on its upward momentum.
As per technical analysis, COINBASE:BTCUSD Bitcoin has formed an ascending support line alongside a higher-high structure. This bullish pattern strongly indicates further upward momentum in the coming weeks.
In our previous Bitcoin analysis, we set a bold target of $100,000 when the price was around $60,000, despite widespread skepticism in the market. True to our prediction, Bitcoin achieved and surpassed this milestone, completing all our projected targets. Stay tuned and follow us for more accurate updates and insights into the cryptocurrency market.
BINANCE:BTCUSDT Currently trading at $97500
Buy level: Above $97,000
Stop loss: Below $90,000
Target : $125,000
Max Leverage 3x
Always keep Stop loss
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#BTC short structure target achieved📊#BTC short structure target achieved✔️
🧠From a structural perspective, the double bottom short structure targets have all been achieved, we also participated in some long trades in the overlapping support area, and there was a good rebound.
➡️Due to the large number of profit-makers at this stage, the selling pressure is very high, but don't be too discouraged, we still have at least one chance to go higher, the long trend is still intact, don't go short in the repair phase, and shorting is also considered after going higher.
Let's see👀
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BITGET:BTCUSDT.P
#BTC Double Top Structure📊#BTC Double Top Structure📉
🧠From a structural perspective, we are blocked at the resistance zone and have built a bearish double top structure. The ideal target area for this structure overlaps with the yellow support zone below. The overlapping area is considered the heaviest support zone, so it is reasonable to try to participate in some long trades here.
Let's see👀
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BITGET:BTCUSDT.P
$BTC at a Crossroads: Which Direction Will It Take?
1. Overall Market Trend in 2024:
- The chart illustrates a strong bullish movement in 2024, pushing Bitcoin from around $23,000 to higher levels. This rally eventually reaches a peak near $74,000, marking a key resistance level on the chart.
2. Fibonacci Levels:
- Fibonacci retracement levels have been drawn from the previous upward move, showing key levels at 0.5 (61,417), 0.618 (64,598), 0.79 (68,858), and 1 (74,121). These act as potential support and resistance zones as price consolidates.
3. Symmetrical Triangle Pattern:
- A symmetrical triangle is evident on the chart, forming since mid-2024. This pattern indicates market indecision and signals that a major breakout may be imminent.
- The resistance and support lines of this triangle are clearly outlined, suggesting a strong price movement in the event of a breakout.
4. Key Price Levels:
- The current price is around $63,212.
- Two possible targets are visible following a breakout:
- Bullish Target: If Bitcoin breaks to the upside, the chart suggests a potential rally toward $100,000, a highly optimistic price target.
- Bearish Target: On the downside, a move toward $23,000 is expected if the triangle breaks lower, marking a crucial support level.
5. Support and Resistance Zones:
- The purple shaded areas represent significant support and resistance zones where the price has reacted multiple times. The current price is compressing between these zones, awaiting a decisive move.
6. 2025 Forecast:
- The green arrows and projected lines suggest two potential outcomes for 2025:
- Bullish Scenario: A breakout to the upside, with Bitcoin targeting the $100,000 level.
- Bearish Scenario: A downward move could see the price retracing back to $23,000 as a key support.
My Analysis:
The symmetrical triangle pattern and price compression signal that the market is gearing up for a strong movement, though the direction remains unclear. The eventual breakout of this triangle will be crucial in determining Bitcoin's next significant move. If the price breaks upwards, it could target higher levels, potentially surpassing the $100,000 mark. Conversely, a downside breakout may result in a sharp correction towards the $23,000 support zone.
In terms of risk management, it's prudent to wait for a confirmed breakout before committing to a particular direction, as the subsequent movement is likely to be significant.
What’s your opinion on Bitcoin's trend? Share your thoughts in the comments!