BEARUSD trade ideas
Has BTC Topped for now? I examine the real possibility the BTC was just completed 5 waves up, and we will see 5 waves down. In green. A break below $98,700 takes us to $73,800. I see this as the highest probability scenario, and the best place to rebuy.
btcTo reach higher numbers, the bit faces three resistors in the red lines; if it cannot pass, the lower lines are activated.
Bitcoin Likely to See Slow and Choppy Price ActionBitcoin has re-entered the range zone between $99,108 and $103,033, suggesting that we may experience slow and choppy price action in the coming days.
1. For now, Bitcoin has established support at $99,108, which could lead to increased bullish momentum toward the upper boundary of the range at $103,033. This move could occur from the current price level or after a dip back to $99,108 (dashed green projection).
2. A strong breakout above $103,033 with sustained momentum would turn Bitcoin bullish on the 4-hour chart and could set the stage for a rally toward $107,658, the next significant resistance zone (solid green projection).
3. If Bitcoin fails to hold support at $99,108 and breaks below this level, the chart would turn bearish (dashed red projection). The bulls’ last line of defense is at $97,000. A breach below this level could lead to intensified bearish pressure, driving the price toward the $94,500 support zone (solid red projection).
Consolidation within the $99,108 to $103,033 range, with Bitcoin maintaining a moderately bullish bias, could create favorable conditions for Altcoins to perform well.
Divergence Spotted 4H chart The price meeting the support at 98000, where we can see the divergence spotted with the RSI decline lows and the BTC price lows increase.
sign for buy long for the 4H chart, daily Chart, price is going down.
Despite pullback, Bitcoin holding upward trendline.Looking good so far. Waiting for RSI to reset.
Risk of breakdown still exists down to 98-100k range.
Daily Analysis of Bitcoin – Issue 232The analyst believes that the price of { BTCUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
BTCUSD TRADE PLANThis is a very good setup in BTCUSD. This is forming a very good chart structure along with the support of moving average
Just a hypothetical aspectAny thoughts? With institutions, USA and Trump...Are we in a Wave 3, regarding the Supercycle?
Therefore Nov 21 would be Top of Wave 1, one year later Bot of Wave 2.
BITCOIN end of correctionThe chart depicts the BTC/USD price action on a 1-hour timeframe. Here’s a detailed analysis:
### Key Levels:
1. **Resistance Levels:**
- **Pink Zone (101,880 - 102,602):** A strong resistance area where price failed to break higher multiple times. This zone shows selling pressure and marks a critical area for a potential breakout or reversal.
- **108,267:** A major resistance level further up, yet to be tested.
2. **Support Levels:**
- **Blue Zone (92,628 - 94,496):** A significant support area, as price has bounced from this zone multiple times. It represents strong buyer interest.
- **90,690:** A lower support level, indicating the next target if the price breaks below the blue zone.
3. **Intermediate Levels:**
- **99,011 - 99,316 (Green Zone):** Previously acted as support and resistance, indicating a pivotal level.
- **100,698 (Orange Line):** A key psychological level, aligned with the round number of $100,000.
---
### Chart Patterns and Trendlines:
- **Downward Channel:** The red descending trendline highlights the current bearish momentum, with lower highs and lower lows.
- **Potential W Reversal Pattern:** The double bottom formation near the blue support zone suggests a possible bullish reversal. If confirmed, the price could break above the descending trendline and target higher resistance zones.
---
### Price Action Insights:
1. **Current Movement:** The price is trading around $95,433, slightly above the blue support zone. This suggests consolidation after a recent bearish trend.
2. **Key Rejections and Bounces:**
- Multiple rejections in the pink zone indicate strong resistance.
- Clear bounces from the blue support zone emphasize its importance.
---
### Potential Scenarios:
1. **Bullish Scenario:**
- If the price breaks above the descending red trendline and sustains above the green zone ($99,011 - $99,316), the next target would be the orange line ($100,698) and eventually the pink resistance zone.
- A breakout above the pink zone could trigger a strong rally toward $108,267.
2. **Bearish Scenario:**
- If the price fails to hold above the blue support zone, the next target is $92,628. Further downside could lead to a retest of $90,690.
---
### Summary:
- The chart reflects a consolidation phase after a bearish trend.
- Bulls need to reclaim $99,316 and break the red descending trendline to shift momentum.
- Bears will aim to break below $94,496 for further downside.
This analysis suggests close monitoring of the $94,496 and $99,316 levels to anticipate the next directional move.
Bitcoin’s Christmas Trap: Be Cautious🚨 Bitcoin’s Christmas Trap: Be Cautious 🚨
CRYPTOCAP:BTC Alert
As the festive season unfolds, Bitcoin has soared to an impressive $95,233.00. While this rally might spark excitement, investors should tread carefully. History warns us of Bitcoin’s holiday volatility, where quick gains can be followed by dramatic drops.
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🔍 Key Insights to Keep in Mind:
1️⃣ ⚡ Market Volatility:
The crypto market is notorious for its unpredictability. Rapid price surges often precede steep corrections.
2️⃣ 📈 Historical Trends:
December has been a rollercoaster month for Bitcoin, with sharp gains sometimes overshadowed by sudden sell-offs.
3️⃣ 🌎 External Influences:
Global economic shifts, regulatory updates, and investor sentiment can swing Bitcoin’s price unexpectedly.
---
💡 Tips for Smart Investing:
🧠 Stay Updated:
Keep a close watch on market news and trends to make informed choices.
📊 Diversify Wisely:
Spread your investments across various assets to reduce risks.
⏳ Avoid Impulses:
Resist making hasty decisions based on short-term price movements.
---
📌 Final Thought:
While the holiday season might inspire optimism, approach Bitcoin investments with caution. Align your decisions with your financial goals and risk tolerance.
Stay sharp, stay safe, and invest wisely!
Key Levels Overview for the Week 12.2024(23-29)Key Levels Overview for the Week🔳🔲12.2024(23-29)🔳
Dynamic Supports🔀
When the price is outside the range where pivot points are located, levels drawn in previous weeks can be used for assistance.*
Dynamic Resistance🔀
103000
102000
101000
100000
Mid Pivot (🐂bull&bear🐻 zone ch trend)
120444
110999
101444
range of supply and demand
101777
107888
114000
Bears showing up !? 🚨 Bitcoin Bears Tighten Their Grip: What’s Next for the King of Crypto? 🚨
CRYPTOCAP:BTC
The bears are back in full force, and Bitcoin is under pressure. Recent price drops have rattled the market, leaving traders wondering: what lies ahead for the world’s leading cryptocurrency?
🔍 Key Observations:
Bearish Momentum: Bitcoin's recent performance signals a growing bearish sentiment among traders.
Market Dynamics: Global economic uncertainty, interest rate speculation, and ongoing regulatory debates are adding weight to BTC's shoulders.
Support Levels: Bitcoin is teetering on key support zones—will it hold firm, or are deeper corrections imminent?
💡 How to Navigate This Market:
1️⃣ Stay Informed: Keep a close eye on critical price levels and market updates.
2️⃣ Risk Management: Diversify your portfolio and set stop-loss orders to safeguard your investments.
3️⃣ Long-Term Perspective: Remember, Bitcoin has endured—and bounced back from—similar downturns in the past.
The crypto market thrives on resilience. Is this dip a golden buying opportunity, or will the bears take full control?
💬 Drop your predictions and strategies in the comments below!
El Salvador's Bitcoin ReserveElSalvadorBTCReserve : El Salvador's Bitcoin Reserve
El Salvador’s bold decision to embrace Bitcoin as legal tender has captured global attention, and its Bitcoin Reserve is now making waves. Here’s the latest:
📈 Bitcoin Reserve Growth
El Salvador continues to strategically accumulate Bitcoin for its national reserve, reinforcing its commitment to cryptocurrency and its long-term potential.
💡 A Strategic Economic Move
By holding Bitcoin, the country aims to leverage potential price appreciation, a strategy that could transform its financial system and influence global crypto adoption.
🌍 Global Ripple Effect
As a trailblazer in adopting Bitcoin as legal tender, El Salvador might inspire other nations to explore similar paths.
---
🚀 What’s Next?
🔄 Continued Accumulation: Will El Salvador keep adding Bitcoin during market fluctuations?
📊 Market Impact: How could this growing reserve influence Bitcoin's global price dynamics?
As El Salvador’s Bitcoin journey evolves, the world watches to see how this bold experiment shapes the future of cryptocurrency adoption.
superlong for newbie welcome to crypto this are the reasons why im still bullish and hoping that this month will close green
1.we bounce exactly at tested strong support and acting as 0.382
2.ema 50 respected
3.hidden bullish contenuation divergence
4. blackrock add more coins this during this flash sale
last inverse head and shoulder pattern bullish pattern is about to break out anytime
possibility of uptrendConsidering the price behavior in the current resistance range, the downward trend will likely continue
If the price breaks through the resistance range, the upward trend will likely continue
A small bump for BTC, a giant drop for MSTRThe difference between 1st support and 3rd support of COINBASE:BTCUSD is 4%. The same difference in support areas for CAPITALCOM:MSTR is 30%. Should 1st, and 2nd support break, CAPITALCOM:MSTR is in big trouble..
Navigating the Current Market Turbulence: A Crypto and Stock MarBitcoin is currently trading at approximately $102,200, reflecting a decrease of 2.36% over the last week. Despite a brief rally reaching highs of $108,367.38, the digital currency has faced selling pressure. The Relative Strength Index (RSI) remains above 65, indicating that BTC might still be overbought, while the Moving Average Convergence Divergence (MACD) suggests bearish momentum could persist.
Investors should be cautious as the market shows signs of volatility. For cryptocurrencies, monitoring RSI and MACD indicators can provide insights into potential buying opportunities.
Bullish Market structure Rules *A bullish market structure is defined as a structure that forms a series of Higher highs (HH) and Higher lows (HL)
What can we expect on a Bullish market structure?
*Price has to break previous HH and respect previous HL
*We should be expecting BUYS on discounted prices
How can i identify discounted prices?
-You can use Gann box
-You can use Fib Tool
-Anything below 50% is considered "Discounted price"
-Order block below 50% level
I personally use the FIB tool 71.8%-78.8% levels. that's where i look for trend change.
How do you identify valid trend change?
* Reply in comment sections
The illustration highlights the recent BTC market structure.
Btc/Usd Bearish Monthly and Daily T_F
I except it to be bearish, that should be a pullback before the next bullish move
If it doesn't break out of the daily trend
That's a raising Wedge
My Analysis is base on the technical factors
$BTC Looks bullish and ready for more ATHs - LONGCRYPTOCAP:BTC Bullish engulfing on prev 4H close, $107,461 given resistance in effect, Key support at $103,093, $104,987 support yet to be tested. Looks great on 1D, more ATHs to come, $107,857 latest ATH closed with a wick at given resistance $107,461 and testing.
Prediction : Next key resistance areas could be $110,423, $112,255-$112,893, $114,674, $116,908, $119,756.
