BITCOIN SELL TO $86,000 (UPDATE)Bitcoin sell TP1 smashed!✅
Less than 24hrs in & our first target has been met on BTC. More downside expected towards our TP2 at $86,000. Hope you all got in & profited from the live call yesterday!
BEARUSD trade ideas
BITCOIN's Distribution, Greed and Dutch TulipsThe **Tulip Mania** of the 1630s was the original bubble—and it was as absurd as it was dramatic. Picture this: a single tulip bulb sold for the price of a luxurious Amsterdam townhouse. Traders flipped tulips like hotcakes, fortunes were made overnight, and the humble flower became a symbol of outrageous wealth and speculation.
Then, in February 1637, the fever broke. Buyers disappeared faster than a Dutch winter thaw, and the market collapsed like a poorly built dike. Those who had mortgaged their futures for tulips were left with nothing but petals and regret. It was a dazzling rise and a catastrophic fall—a timeless lesson in the dangers of speculative greed!
🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉
Why do I write about the Tulip Crash?
These days, not many young Trader and Investors know about it. And why not learn from the past?
Happy profits all.
The last two big runs crossed the red line to jump big.There appears to be diminishing returns on bitcoins price due to the size of the market cap. Crossing the red line should deliver 150% which would put us right around 150k by May 1st. What do you think?
short 107900 with tp at 100500 sound legit target it will go here easily and i think much more or bit more
but for no risk i take this legit target after the rally he just done its amazing
i not make stop loss in this scenario coz if he go to 110 000 i will had 1 lot and keep my target
if he go 115 000 same...no leverage if u have small balance then apply your RR
Bitcoin to the moon or doom?The BTC/USD monthly chart does appear to be forming a rising wedge pattern, which is often considered a bearish reversal signal.
What is a Rising Wedge?
A rising wedge is a chart pattern characterized by two converging lines, with the upper line sloping upwards more steeply than the lower line.
This pattern suggests that buying pressure is weakening, and sellers are gaining control.
A breakout below the lower trendline of the wedge is typically considered a bearish signal, potentially indicating a significant price decline.
Potential Implications:
Market Top: If the rising wedge pattern plays out as expected, it could signal the end of the current uptrend and a potential market top.
Price Correction: A breakout below the lower trendline could lead to a significant price correction, potentially wiping out a portion of recent gains.
Black Swan Events:
Unpredictable Nature: Black swan events are highly improbable and unexpected events that have a significant impact on the market.
Potential Impact: A positive black swan event, such as a major regulatory approval or a significant technological breakthrough, could potentially reverse the bearish trend and propel Bitcoin prices higher.
Important Considerations:
Chart Patterns are not Deterministic: Chart patterns are not foolproof predictions. They provide insights into potential market movements but should not be relied upon solely for investment decisions.
Fundamental Analysis: It's crucial to consider fundamental factors, such as economic conditions, regulatory developments, and investor sentiment, alongside technical analysis.
Bitcoin and the 50 MAQuickly take a look at the 50 MA, the ascending blue line. That is clearly the key daily resistance for the moment. A decent morning is brewing, bouncing off that 50 MA, but we need to see it sustained throughout the day.
Bitcoin's Ugly WeekKey Observations:
Recent Price Action:
Last week’s candle was a large bearish engulfing candle, marking a significant rejection and pullback from the $108,000 zone.
Bitcoin has broken below the $99,860 support, which had previously acted as a key level during the rally. This level is now likely to serve as resistance.
Current price sits near $95,905, attempting to stabilize after the sharp sell-off.
RSI Analysis:
The RSI on the weekly timeframe is trending downward after reaching overbought levels (~80).
The RSI is currently sitting near 67, which is still bullish but indicates weakening momentum.
This decline in RSI aligns with the pullback in price, signaling a potential cooling-off period for Bitcoin's uptrend.
Volume:
Last week’s bearish candle was accompanied by high volume, confirming strong selling pressure.
This suggests that the pullback is not just a minor correction but a significant event that traders are actively responding to.
Support and Resistance Levels:
Support:
$89,000–$90,000: Key area and a psychological level where buyers might step in.
$73,835: Major breakout level from earlier in 2024, which remains a critical support zone in the event of further downside.
Resistance:
$99,860: Previously strong support, now flipped to resistance.
$108,000: Recent high and upper boundary for potential future attempts to reclaim bullish momentum.
Trend Structure:
The weekly structure remains bullish overall, with higher highs and higher lows intact.
However, the break below $99,860 signals a potential shift to short-term bearish momentum.
Key Considerations:
Last Week’s Candle:
The large bearish engulfing candle signals significant selling pressure at higher levels.
This type of candle often precedes further downside or at least a period of consolidation, especially when confirmed by strong volume.
Bearish Momentum:
The break below $99,860 combined with RSI dropping from overbought territory suggests a cooling-off phase in the uptrend.
Further downside to $89,000–$90,000 is likely before buyers step in to defend.
Long-Term Bullish Case:
Despite the short-term pullback, the macro trend remains bullish, with price still well above the 50-week SMA and prior breakout levels.
A retest of $89,000–$90,000 or even $73,835 would still align with a healthy correction in a long-term uptrend.
Bitcoin's weekly chart shows a significant pullback after a sharp rally, with RSI and volume confirming short-term bearish momentum. Immediate support lies at $89,000–$90,000, while $99,860 acts as key resistance. The broader trend remains bullish, but this correction could deepen before resuming the uptrend.
Bullish tendency is broken 101-102K for sellingMorning folks,
So, BTC was not able to stay above predefined support area and drop right back to the daily 92-95K level. It means that existing bullish context on daily chart is done. In general, this is reasonable - we're going to the Xmas Holidays and inauguration. There are a lot of uncertainty with coming D. Trump policy. Especially when JPowell said that the Fed doesn't intend to own any BTC... so inner conflict is ready.
So, retracement might be deeper in nearest month. Since BTC is overextended down a bit, the first thing we expect upside technical bounce, somewhere to 101-102K area. Then, if we're correct in our analysis, downside reversal should happen with potential H&S pattern.
btc Yeah, I think the market is still in correction mode until it hits 93,000, so we can expect this kind of movement.
BITCOIN UPDATES The logarithmic is not a joke, I see a 10*3 rates on this prices. we might see 177k in the next 3-6 months, Number is pilling up since the halving and the banks are always buying. its a free trade for a long positions or just holding this coin.
Power of 3 supposed to be 177k. and this idea is insane? bitcoin has this word "scarcity" .
and most people are still denial on this idea.
not a financial advice.
THis is only my view. since last year. I Posted a logarithmic weekly.
now I conclude to myself, this idea is working with the power of 3.
Goodluck. we might see it the future of money is here already. ciao..
Bitcoin entering positive short term momentumAs predicted bitcoin is following the cycle very closely. We have been building a position inside the November bearish short term momentum (green dots) and we are about to re entry bullish short term momentum as indicated by SMAX.
Probability levels are below 20 indicating we are later in the cycle and the delta is about to turn positive (bullish momentum)
Our trade is in good profit already as the fun is about to begin!
Will keep you updated!
Bitcoin Hits New All-Time High of $107k — Is $150K Next? Bitcoin ( CRYPTOCAP:BTC ) has once again shattered expectations, climbing to a record-breaking $107,000. This milestone follows a 3.68% surge over the weekend, with bullish sentiment fueled by a surprising announcement from President-elect Donald Trump.
Bitcoin Price Today
Bitcoin’s recent rally can be attributed to President-elect Donald Trump’s pledge to establish the U.S. as the global center for Bitcoin and cryptocurrency innovation. During a CNBC interview on Sunday, Trump unveiled plans for a U.S. Bitcoin reserve, emphasizing the need for the country to lead in digital assets. This announcement sparked a surge in buying activity, propelling Bitcoin to its new all-time high of $106,727.
The market’s reaction underscores the growing influence of policy decisions on crypto prices. Trump’s pro-Bitcoin stance has injected optimism into the market, with investors viewing it as a step toward broader institutional adoption and regulatory clarity.
Technical Analysis
From a technical perspective, Bitcoin is currently trading at $106,893, slightly off its daily high of $107,080. The recent breakout above the psychological $100,000 level signals strong bullish momentum. Key technical indicators suggest further upside potential:
1. Relative Strength Index (RSI): While the RSI stands at 71, indicating overbought conditions, historical patterns show that Bitcoin can remain overbought during strong uptrends.
2. Support Levels: In the event of a local correction, support ranges are identified at $97,500–$99,500 and $94,100. These levels could provide buying opportunities for traders looking to enter the market.
3. Resistance Levels: Bitcoin faces minimal resistance in uncharted territory. The next significant psychological level is $110,000, followed by the ambitious $150,000 target predicted by analysts.
Market Dynamics
Bitcoin’s 24-hour trading volume stands at $110.4 billion, with Binance leading the charge. The exchange’s perpetual and spot trading volumes contribute significantly to Bitcoin’s liquidity. This robust trading activity underscores the market’s resilience and readiness to absorb high volumes.
Outlook: Can Bitcoin Reach $150,000?
The path to $150,000 hinges on several factors:
1. Macroeconomic Environment: Continued pro-crypto policies from global leaders could drive institutional inflows and bolster market confidence.
2. Technical Breakouts: A sustained move above $110,000 would validate the bullish continuation pattern and set the stage for a run toward $150,000.
3. Market Sentiment: Despite overbought conditions, Bitcoin’s historical performance during Q4 and Q1 suggests strong potential for further gains.
However, traders should remain cautious. The RSI’s overbought reading and the potential for profit-taking at key levels could trigger short-term corrections. Risk management is crucial, as the market navigates these uncharted waters.
Conclusion
Bitcoin’s new all-time high of $107,000 marks a significant milestone, driven by both fundamental and technical factors. President-elect Trump’s pro-Bitcoin stance has ignited fresh optimism, while technical indicators and on-chain metrics point to continued bullish momentum.
With $150,000 as the next ambitious target, the crypto market is buzzing with excitement. Will Bitcoin continue its ascent, or will a correction provide a breather before the next leg up? Only time will tell, but for now, the flagship cryptocurrency is firmly in the spotlight.
Extrapolating previous cycle price action to predict the futureUsing the Indicator: 4-Year Cycles
Cycle Analysis:
Cycle 1 to Cycle 2 Changes:
ATH increased from $1,160 to $19,676 (16.96x increase)
Gain percentage dropped from 52,287.39% to 12,804.2%
Loss percentage slightly improved from 86.9% to 83.11%
Cycle 2 to Cycle 3 Changes:
ATH increased from $19,676 to $68,979 (3.51x increase)
Gain percentage dramatically dropped from 12,804.2% to 1,976.94%
Loss percentage improved from 83.11% to 75.93%
Projection for Cycle 4:
Based on the observed pattern of diminishing returns and the logarithmic nature of Bitcoin's growth:
Projected ATH: $242,000 to $275,000
(Calculated by applying the observed ATH increase factors)
Projected Gain: Approximately 800-1200%
(Continuing the trend of diminishing percentage gains)
Projected Loss: Around 70-75%
(Following the gradual improvement in loss mitigation)
Each cycle shows a pattern of:
Reduced percentage gains
Slightly improved loss recovery
Continued exponential growth in absolute ATH price
ATH Calculation:
Cycle 1 to Cycle 2 growth multiplier: $1,160 → $19,676 = 16.96x
Cycle 2 to Cycle 3 growth multiplier: $19,676 → $68,979 = 3.51x
Observed Growth Multiplier Trend:
Cycle 1 to 2: 16.96x
Cycle 2 to 3: 3.51x
Projection Approach:
Lower Bound Calculation:
Previous ATH: $68,979
Multiplier: 3.51 (conservative)
Lower target: $68,979 × 3.51 = $242,000
Upper Bound Calculation:
Previous ATH: $68,979
Multiplier: 4.0 (slightly more optimistic)
Upper target: $68,979 × 4.0 = $275,91
Gain Percentage Calculation:
Cycle 1: 52,287.39%
Cycle 2: 12,804.2%
Cycle 3: 1,976.94%
Observed Decline Pattern:
Cycle 1 to 2: ~75% reduction in gain percentage
Cycle 2 to 3: ~84% reduction in gain percentage
Projected Gain Range:
Lower bound: 600-800%
Upper bound: 1000-1200%
Loss Percentage Trend:
Cycle 1: 86.9%
Cycle 2: 83.11%
Cycle 3: 75.93%
Projected Loss: 70-75% (continuing the gradual improvement)
Methodology Notes:
Used geometric progression with decreasing multipliers
Considered logarithmic growth pattern
Accounted for diminishing returns observed in previous cycles
Disclaimer:
Ultimately, these projections are mathematical extrapolations based on historical data and should not be considered definitive predictions. Cryptocurrency markets are highly volatile and unpredictable. This projection is based on historical patterns and should not be considered financial advice. Always conduct your own research and consult financial professionals before making investment decisions.
BTC to $350k by May 2025 Based on a measured move from a cup and handle on the logarithmic. Price is right on pace.
I think this will possibly be a local top in lieu of a super cycle further backed by the muted 2020 cycle. Pushing BTC to 1 Million in 2026.
I will build this out further into the future as long as this model continues to hold as beautiful as it has to date.
PumpyDumpy - Crab It UpSay what you will, but I’m not impressed by the $100,000 level. It doesn’t feel like a milestone has been conquered, does it? The price action is way too narrow around this mark. If it’s going to turn into solid support, we need a convincing blast through that resistance—big green dilly, not this weak movement.
I’m spotting a rising wedge pattern. Maybe it plays out, maybe we push to a new higher high. But ask yourself: do you really know where the sellers are lurking?
And seriously, avoid leveraged positions. This is scam wick territory—one bad move and you’re rekt.
Also, don't short sell. Shortselling is for idiots. Sell what you have, not what you don't.
BTCUSD - Missed TP ? that's okay history says 140KI followed too blindly this fractal that went almost perfect but was waiting 120k to take partial profits and missed a 30% opportunity,
I'll know take profits more often by moving from risky alts to BTC or other assets resistant to drawdown
the middle line of the channel BTC is evolving seems to support very well and I'm gonna assume the correction is already over, you can still expect to see another dip to 86k tho (but I dont believe this)
my simple trade idea : green is path of 4 years ago, blue is path of last year
first TP will be at 120k & 144K see you in 3 weeks
not financial advice
cheers
Bitcoin’s Journey to $108K?: Trends, Insights, and What’s Next"Crypto is like a rollercoaster: thrilling on the way up, terrifying on the way down, and you never really know when the ride ends."
1. Price Volatility: The CRYPTOCAP:BTC Rollercoaster
Bitcoin ( CRYPTOCAP:BTC ) recently hit an all-time high of $108,000 before pulling back to $104,000. Analysts are split—is this a correction or a temporary pause before another leg up?
Volatility is Bitcoin’s DNA. It’s what attracts both the thrill-seekers and the skeptics.
2. Institutional Interest Driving Supply Squeeze
Big players are loading up. Institutions are buying at scale, tightening supply, and fueling price surges. Riot Platforms, among others, continues stacking Bitcoin, signaling growing confidence in $BTC.
When institutions dive in, they’re not just buying coins—they’re buying the narrative of Bitcoin’s future.
3. Market Predictions: Wild Speculations
The Bitcoin crystal ball is hazy. Forecasts range from $160,000 to $500,000 depending on market conditions and legislation. Others warn of a potential dip to $100,000-$102,000.
Crypto predictions are like weather forecasts: everyone has one, and they’re rarely 100% right.
4. Criticism and Debate: The MicroStrategy Playbook
MicroStrategy’s leveraged Bitcoin buys have critics, like Peter Schiff, raising alarms about sustainability. Bitcoin believers counter with long-term growth arguments.
Love it or hate it, MicroStrategy’s strategy is bold. But bold doesn’t always mean bulletproof.
5. Whale Movements: Mt. Gox and Beyond
Massive Bitcoin transfers by entities like Mt. Gox are happening, yet the market holds firm. This resilience showcases robust holding sentiment among whales.
Whales are moving funds, but the waters remain calm. A sign of a maturing market?
6. The Bullish Sentiment on X
X users are overwhelmingly bullish. Many cite institutional adoption, CME gaps, and The crypto crowd is optimistic, and with Bitcoin, optimism often leads the charge.
7. Is Bitcoin Still Worth the Hype?
Bitcoin’s volatility is both its allure and its risk. Institutional interest, strong holding sentiment, and the halving provide reasons for optimism, but corrections are part of the game.
The question isn’t whether Bitcoin will grow—it’s how wild the ride will be.
#btc #elliottwave short sell setup wave a 14Dec24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Key Levels Overview for the Week 12.2024(16-20)* updated🔲Key Levels Overview for the Week🔳
12.2024(16-20) updated
I tried not to miss a line!
Dynamic Supports🔀
105313
103542
100500
98300
97300
Dynamic Resistance🔀
105313
106363
112400
115700
119300
Mid Pivot (🫎bull&bear🐻 zone ch trend)
123292
111511
99737
range of supply and demand
115243
107672
100100
#BitCoin
BTC hit target OPBTC hit target OP in monthly chart @107,587
Daily chart look like Three Driving pattern if the price below 103,647
bears in chargeCurrent Trend: The chart shows a recent downtrend, with the Bitcoin price falling from levels near $98,332 to around $95,000.
Key Support and Resistance Levels:
Resistance 1: $98,332 - This level has acted as resistance, where the price has unsuccessfully attempted to break out on several occasions.
Support 1: $97,729 - A support level where the price has bounced off.
Support 2: $96,167 - Another critical support level, where the price has also shown bounce.
Support 3: $95,002 - The lowest support visible on the chart, where the price has recently bounced off.
Descending Triangle: The chart shows a sideways triangle pattern, which is generally a trend continuation pattern.
Trading Strategy:
Entry at Support: If the price touches the support at $95,002. and shows signs of bouncing (possibly confirmed by an increase in volume or a bullish candlestick pattern), it could be a good entry point for a long position.
Breakout Entry: We expect the price to break the sideways triangle pattern to the downside, this could be a sell signal. An increase in volume at this point would reinforce the signal.
Stop Loss: Place a stop loss just above the highest resistance level at 98.332 to limit losses in case of an upward breakout.
Risk Management:
Risk/Reward Ratio: Make sure the potential reward is greater than the risk taken.
Confirmation: It is always advisable to wait for confirmation through other technical indicators or fundamental analysis before taking a position.
Bitcoin Bearish Ascending ChannelWe predicted that Bitcoin was in a Bullish Bull flag months ago:
Now Bitcoin is in a Bearish Ascending Channel. If Bitcoin breaks below the channel this time, it could reach 88k.
Bitcoin Dominance will also rise back to the highs it has seen before this consolidation point.
