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What's next for BTC? Will the correction go lower?Hello everyone, I invite you to review the situation of BTC, which has currently had a -15% price correction. This is a natural correction in the growth cycle, and what's more, much larger corrections at 20% or 30% levels often appeared in bull cycles. Let's start with how the price moved in the local growth trend channel, in which we can see how dynamically we went down to the lower zone of the channel, which translated into a further drop in price reaching the support level at $ 91,712. In such a situation, it should be taken into account that very often leaving the channel gives a movement close to the channel height, which could cause the BTC price to drop to the support level at $ 84,072. If the current rebound from the level of around $92,000 ends the current correction, however, here we see how the level of $95,004 poses effective resistance for the price, only when it is broken again will it go further to the area of ​​$101,000, and then again move towards the strong resistance zone from $106,000 to $108,000. On the RSI, taking into account the 12H interval, we have a visible descent with crossing the lower limit, which in previous situations gave rise to renewed price increases.
COINBASE:BTCUSDLong
by cryptodailyuk
ENA LONG/SHORT Strategy on 4 Hour (and long-term TP's)For some short term plays: I always have limit orders placed at FVG's and ENA has just posted two big FVG's on the 4HR chart as it recovers from this weeks volatility. I'd be expecting these to be filled/touched at some point, with the 0.618 FIB also playing a role I think a reasonable buy would be at the ~1.0159 mark. If the price continues to rally to ~1.23 I may go short if OBV (yellow line is 14 EMA) indicates so. I have a limit order buy at this level but will need to confirm with OBV (I also have Stoch OBV, OBV RSI for confirmations not shown here). Why this may be not happen? A very strong project with great potential to reach new all time highs. Price could easily keep running based on its fundamentals alone. A long term perspective: I've got take profit targets at 1.73, 1.97, 2.67, 3.81 and 4.94 for my long term positions.
by Off-The-Chart-CTC
Bitcoin & Macro Analysis fo 2025From previous analysis, BTC on target and Hit Fibonacci Extension 1.272 at $108.000 And rejected from this area For now, BTC need pullback before continuing rally You can see pullback area at : - Fibonacci Retracement 0.236 - Fibonacci Retracement 0.386 - Fibonacci Retracement 0.5 Be cautious with your decisions, especially for 2025 , as the Dec 2024 Summary of Economic Projections release has impacted the market. Macro economic conditions are solid, but the Fed's decision left the market disappointed. After release Summary of Economic Projections Dec 18 FOMC, market was disappointed since The Fed's forecast cut rates only 2x or maybe just 1x (3.9) instead of 4x as SEP projected in September (3.4).
INDEX:BTCUSD
by kelvin_gautama9
My Best analysis The chart you've provided shows a bearish trend on the 4-hour timeframe for Bitcoin (BTC/USD). It highlights key resistance and support zones: Resistance levels: Around 102,759, 100,958, and 99,376. Support level: Price is approaching 94,000. If the price fails to reclaim the resistance levels, the bearish momentum might continue. Ensure you manage risks effectively and follow your trading plan. Let me know if you want this analysis rephrased for TradingView or need further insights!
BITSTAMP:BTCUSD
by LunaTrader_SingnalsProvider
Breaking News: US Government Shutdown and Its Impact on Traders.🚨 Breaking News Alert: The US government has officially shut down as of midnight on December 20, 2024, due to Congress failing to pass a spending bill. This political drama has sent shockwaves through the markets, and traders need to be on high alert. What Happened? The House of Representatives rejected a spending bill backed by President-elect Donald Trump and tech billionaire Elon Musk. The bill included a three-month extension of government funding and a two-year suspension of the debt limit. However, internal disagreements within the Republican party led to the bill's failure. Potential Market Impact Stock Market Volatility: Expect increased market volatility as investors react to the political instability. Major indices like the S&P 500 and Dow Jones Industrial Average may experience sharp declines. Currency Fluctuations: The US dollar may weaken as investors seek safer assets, leading to fluctuations in currency markets. Commodity Prices: Commodities like gold often rise in value during times of political uncertainty. Keep an eye on these markets for potential gains. Interest Rates: The Federal Reserve's response to the shutdown could influence interest rates. If the shutdown leads to economic disruptions, the Fed may reconsider its stance on rate hikes, affecting bond markets. Strategies for Traders Stay Informed: Keep a close eye on news updates and government announcements. Being aware of the latest developments can help you make informed decisions. Diversify: Diversifying your portfolio can help mitigate risks associated with market volatility. Consider spreading your investments across different asset classes. Hedge Your Bets: Use hedging strategies to protect your investments. Options and futures contracts can be useful tools for managing risk during uncertain times. Be Patient: Market reactions to political events can be unpredictable. Stay calm and avoid making impulsive decisions based on short-term market movements. Conclusion While the government shutdown poses challenges, it also presents opportunities for traders who are prepared. By staying informed, diversifying portfolios, and using hedging strategies, traders can navigate the uncertain waters and potentially capitalize on market movements. Remember, even in times of political drama, there's always a strategy to keep you ahead of the game!.
BINANCE:BTCUSD
by OakleyJM
COMP LONGEntry Zone: The market has recently experienced a sharp rise, reaching a key resistance area at approximately 145$ This level coincides with the 61.8% Fibonacci retracement level, making it a potential reversal zone. The price is now pulling back, indicating a possible opportunity for a short entry around this area. Target: Targeting the key high 175 Stop Loss: Place a stop loss below 38$ ish Trade Rationale: After a strong rally breakount of the accumulation range the market has begun to show signs of strength. This 61.8% Fibonacci retracement is a perfect setup for continuation.
Long
by SerenityEquity
$BTC recoveringMARKETSCOM:BITCOIN has recovered nicely. For now I think it is especially important that we really break the upcoming suply zone and retest it at the latest. In that case we are back in the trend and we have completely completed our correction. For now it looks good, but I remain slightly skeptical. Especially with a possible government shutdown. Although I just read the latest news that this will not happen. Hopefully this will bring some more certainty back to the market and that we will have a nice Christmas run in return. For now the supply has to become a demand sin and we are back on the right side. Be kind to the world and each other!
BINANCE:BTCUSDLong
by RidgerR