Bitcoin Analysis UpdatedBitcoin Analysis made and published last year staying true and accurate as of today.
BEARUSD trade ideas
Bitcoin monthly analysisBitcoin will have targets with a price higher than $80,000, and as I stated in the previous analysis, Bitcoin will have to suffer and be priced steadily for 6 months, but at the end, we are close to it at this moment. , the price will increase, in this analysis, I target $74,000 to $75,000 for the first price increase.
Sasha Charkhchian
BTC Buy Signal Alert!Bitcoin's recent breakout above key resistance levels, combined with a strong moving average crossover on the 15-minute and daily time frames, suggests a potential upward momentum. This is further supported by positive volume flow and bullish sentiment indicators. Target levels are set at $82,000, with stops at $76,500 to manage downside risk.
Bitcoin - an orientationWe're all guilty of getting a little over-excited when "number go up".
Here's an orientation chart.
Everything is going to plan.
HODL.
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what is next ? 100K and above ?Hello ,
as you can see in the weekly frame the price still in a bullish trend , BUT is the price really going to 100k or the price on the maximum top now ?
the price failed to cross 74k in weekly frame candle , to be sure that is a correction the price should not be under 50k in weekly frame if it does we are going back to 40k and under
to reach 100k and above the price should cross the 74k in the weekly frame candle
according the the chart we still under 70k and no high liquidity.
the price still in correction for now , the decision is yours :)
Is Institutional Demand Driving Bitcoin's Surge to $82,000?
Bitcoin, the world's largest cryptocurrency, has once again shattered records, surpassing the $82,000 mark. This significant milestone, achieved over the past 30 days, represents a remarkable 30% increase in value. The surge in Bitcoin's price is largely attributed to growing institutional interest, particularly evident in the booming Bitcoin ETF market.
Institutional Adoption Fuels the Rally
One of the primary drivers behind Bitcoin's recent bull run is the increasing adoption of Bitcoin by institutional investors. These large-scale investors, such as hedge funds, pension funds, and corporations, are recognizing the potential of Bitcoin as a valuable asset class.
A prime example of this institutional interest is the BlackRock Bitcoin ETF (IBIT). Since its launch, IBIT has attracted substantial inflows, with a recent daily inflow reaching a staggering $1.12 billion. This influx of capital from institutional investors has significantly contributed to the upward momentum of Bitcoin's price.
Unpacking the Demand Dynamics
To better understand the forces driving Bitcoin's price surge, it's essential to examine the various factors contributing to the increased demand:
1. Institutional Investment: As previously mentioned, institutional investors are increasingly allocating a portion of their portfolios to Bitcoin. This institutional buying pressure has a substantial impact on the cryptocurrency's price.
2. Retail Investor Enthusiasm: Retail investors continue to show strong interest in Bitcoin, particularly during periods of market volatility. This retail demand can further amplify price movements.
3. Global Economic Uncertainty: In times of economic uncertainty, investors often seek alternative assets like Bitcoin as a hedge against inflation and currency devaluation.
4. Technological Advancements: Ongoing advancements in blockchain technology, such as the Lightning Network, are enhancing Bitcoin's scalability and transaction speed, making it more attractive to users.
5. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions is boosting investor confidence and facilitating institutional adoption.
The Road Ahead for Bitcoin
While Bitcoin's recent price surge is undoubtedly impressive, it's crucial to approach future price predictions with caution. The cryptocurrency market is highly volatile, and factors such as regulatory changes, macroeconomic conditions, and technological developments can significantly impact Bitcoin's price trajectory.
However, given the strong fundamentals and growing institutional interest, many analysts believe that Bitcoin's long-term outlook remains bullish. As the cryptocurrency ecosystem continues to mature and gain wider acceptance, Bitcoin could potentially reach even higher price levels in the future.
Conclusion
Bitcoin's recent breakthrough to $82,000 is a testament to its growing dominance in the cryptocurrency market. The surge in institutional demand, coupled with other positive factors, has propelled Bitcoin to new heights. While future price movements are uncertain, the long-term potential of Bitcoin remains significant, making it an asset worth monitoring for investors seeking exposure to the digital asset class.
I will buy BTC @ 81.620Bases on a breaker block, some liquidity and a 1H FVG, I believe btc will continue to go up after it will rebalance the 1H FVG.
No financial advice. ;)
BTCUSD VIew!!After the US election, digital asset investment products attracted $1.98 billion in inflows, marking the fifth consecutive week of positive inflows. This resulted in year-to-date total inflows to hit a new record of $31.3 billion.
Global assets under management also hit an all-time high of $116 billion following recent price increases. Trading volumes surged by $20 billion, the highest since April, though not a new record.Market Bullishness Puts Pressure on Short-Bitcoin Products
1 month time let’s see if this holds up? $BTC LONGLet’s see hey if bitcoin stays below 80k today I will panic not just let’s see hey
Cycle top around $125k BTC early 2025Based on the curved trend lines drawn over the tops of BTC over the pas 10+ years (log scale), I expect that BTC will peak around $125.000 by end of 2024 / early 2025.
Economic standpoint (Majors) Week Commencing 11/11/24Lest we Forget.
Romans 8:18
I consider that our present sufferings are not worth comparing with the glory that will be revealed in us.
GDP
1.1 USD
The US economy expanded an annualised 2.8% in Q3 2024, below 3% in Q2 and forecasts of 3%, Personal spending increased at the fastest pace since Q1 2023 (3.7% vs 2.8% in Q2), boosted by a 6% surge in consumption of goods and robust spending on services. Government consumption rose more (5% vs 3.1%), led by defence spending. In addition, the contribution from net trade was less negative (-0.56 pp vs -0.9 pp), with both exports (8.9% vs 1%) and imports (11.2% vs 7.6%) soaring. On the other hand, private inventories dragged 0.17 pp from the growth, after adding 1.05 pp in Q2. Also, fixed investment slowed (1.3% vs 2.3%), led by a decline in structures (-4% vs 0.2%) and residential investment (-5.1% vs -2.8%). Investment in equipment, however, soared (11.1% vs 9.8%). The GDP Growth Rate in the United States is expected to be 1.50% by the end of this quarter, In the long-term, the United States GDP Growth Rate is projected to trend around 1.80% in 2025.
1.2 EUR
The Eurozone economy expanded by 0.4% in Q3 2024, doubling the 0.2% growth in Q2 and surpassing forecasts of 0.2%, according to preliminary estimates from Eurostat. Consumer spending increased moderately, driven by rising household incomes and a resilient labour market1. Exports and imports grew by 1.1% and 1.3% respectively, while government spending slightly increased. The German economy avoided a recession with a 0.2% expansion, and GDP growth quickened in France (0.4% vs 0.2% in Q2). However, Italy's economy stalled and Latvia remained in contraction (-0.4% vs -0.3%). Year-on-year, the Eurozone GDP expanded by 0.9%, marking the best performance since Q1 2023. The European Central Bank (ECB) projects that economic growth will continue to be supported by rising household incomes, a resilient labour market, and increasing confidence, with GDP growth expected to reach 1.5% in 2025.
1.3 GBP
The UK economy expanded by 0.5% in Q3 2024, below the 0.7% growth seen in Q2 and forecasts of 0.6%, according to the Office for National Statistics (ONS). Household spending increased slightly (0.2% vs 0.1% in Q2), driven by transport, housing, and miscellaneous expenses. Government consumption also rose (1.1% vs 1.4%), led by public administration and defence, which offset a fall in health spending. However, exports decreased by 0.3%, compared to initial estimates of a 0.8% rise, driven by a 2.8% decrease in goods exports. Imports increased by 6.3%, down from 7.7%. On the other hand, gross capital formation was revised higher (0.6% vs 0.4%), with business investment soaring 1.4%, compared to a 0.1% drop in the preliminary estimate. The GDP Growth Rate in the United Kingdom is expected to be 0.50% by the end of this quarter, according to Trading Economics global macro models and analysts' expectations. In the long term, the United Kingdom GDP Growth Rate is projected to trend around 0.60% in 2025.
Inflation
2.1 USD
The annual inflation rate in the US unexpectedly slowed to 2.4% in November, the lowest since March ‘21 compared to 3.4% in April and forecasts of 3.4%. Inflation has slightly increased for food by 0.2%. Shelter remains stubbornly high and expected to remain elevated, with forecasts suggesting it will reach 4.8% year-over-year in December 2024 and stay above pandemic levels well into ‘25. Transportations were down (10.5% vs 11.2%), and apparel (0.8% vs 1.0%), while energy costs rose more (3.7% vs 2.6%), particularly gasoline (2.2% vs 1.1%), utility gas service (0.2% vs -1.9%), and fuel oil (3.6% vs -0.8%). Compared to the previous month, the CPI was unchanged, the least since July 2022, against forecasts of a 0.1% increase and following a 0.3% rise in April. A decline in gasoline prices was offset by higher shelter costs. Meanwhile, core inflation slowed to 2.4% annually, the lowest rate since April 2021 and below the consensus of 3.5%. The monthly core inflation rate also fell to 0.1% from 0.2%, better than forecasts of 0.3%. Consumer prices in the US were unchanged in May 2024 after rising 0.3% in the previous period and below forecasts of a 0.1% increase. The energy index fell 2% over the month, led by a 3.6% decrease in the gasoline index. Conversely, the index for shelter rose 0.4%, while food prices edged up by 0.1%. Excluding food and energy, core consumer prices rose 0.2%, easing from a 0.3% increase in the previous month and marking a fresh 7-month low.
2.2 EUR
Over the past two months, the Eurozone has experienced a notable stabilisation in its inflation rates. After peaking at 2.6% in July 2024, the annual inflation rate has steadily declined to 2.0% in October 2024. This trend can be attributed to a slower rise in energy costs and a more moderate increase in the prices of food, alcohol, and tobacco. Additionally, the costs of services and non-energy industrial goods have shown a more contained increase. The European Central Bank’s objective of achieving a 2% inflation rate has been met, signalling a balanced approach to monetary policy and overall economic stability. Consumer confidence has also seen an improvement, with the economic sentiment indicator rising to 103.5 in October from 102.9 in the previous month, reflecting optimism about future economic conditions and stability in the region.
2.3 GBP
The UK has also seen a similar trend in its inflation rates over the past two months, with a slight but steady decline. In September 2024, the inflation rate was recorded at 2.2%, which decreased to 2.0% in October 2024. This reduction is primarily driven by a decrease in energy prices, specifically in gas and electricity, and a slower growth rate in the cost of non-energy industrial goods. Additionally, the prices of clothing and footwear have shown a moderate increase, contributing to the overall inflation rate. The Bank of England continues to monitor these trends to ensure that inflation remains within the target range, supporting sustainable economic growth. The labour market has remained resilient, with unemployment rates stable at 3.8%, and wage growth showing a positive trend, which helps in sustaining consumer spending and overall economic activity.
3. Interest Rates
3.1 USD
The Federal Reserve decided to maintain the federal funds target range at 4.50%-4.75% during its November 2024 meeting, following a 25 basis points cut in September. This move marks the second rate cut this year as policymakers respond to cooling inflation. The decision aligns with the Fed's cautious approach to monetary policy, aiming to balance economic growth with price stability. The central bank's projections now anticipate one more rate cut by the end of 2024 and several additional reductions in 2025, with the long-term rate expected to settle around 3.25% by 2026. The Fed's GDP growth projections remain steady at 2.1% for 2024, reflecting a resilient economy. However, PCE inflation has been revised downward to 2.4% for 2025, indicating expectations of further easing price pressures. The unemployment rate is projected to remain steady at 4% for 2024, with a slight increase to 4.2% in 2025, as the labour market adjusts to the evolving economic conditions. This cautious but responsive approach underscores the Fed's commitment to achieving its dual mandate of maximum employment and price stability.
3.2 EUR
In the Eurozone, the European Central Bank (ECB) has continued its efforts to manage inflation by adjusting key interest rates. In October 2024, the ECB lowered the deposit facility rate to 3.25%, the main refinancing operations rate to 3.40%, and the marginal lending facility rate to 3.65%. These changes follow similar rate cuts in September and June, reflecting the ECB's commitment to ensuring inflation moves towards its 2% target. The ECB's updated assessment indicates that disinflation is progressing well, with inflation falling below the target for the first time in over three years. While short-term inflation expectations have risen slightly, the ECB remains focused on achieving medium-term price stability through a data-driven, flexible approach.
3.3 GBP
In the UK, the Bank of England has taken a cautious approach to interest rates in recent months. In its November 2024 meeting, the Bank decided to lower the benchmark interest rate by 25 basis points to 4.75%, marking the second rate cut this year following a similar reduction in August. This decision was driven by evidence of slowing price growth, with September's inflation print dropping to an over three-year low of 1.7%1. Services inflation, which tends to be stickier, fell to a two-year low of 4.9%, although it remains elevated. The Monetary Policy Committee (MPC) voted 8 to 1 in favour of the cut, with one member opting for a hold. The Bank now projects inflation to end the year at 2.5% and to reach 2.2% by 2026. Additionally, the expansionary budget delivered by the Labour Party is expected to lift GDP growth by 0.75% at its peak impact within a year. The Bank continues to monitor economic indicators closely to ensure that inflation remains within the target range, supporting sustainable economic growth.
4. Unemployment & NFP
4.1 USD
The unemployment rate in the United States increased to 4.1% in October 2024, up from 4.0% in September. This rise was driven by an increase in the number of unemployed individuals, which reached 6.649 million, up by 157,000 from the previous month. The labour force participation rate remained steady at 62.5%, while the employment-population ratio slightly decreased to 60.1%. The rise in unemployment was somewhat unexpected, as market forecasts had predicted the rate to remain unchanged.
In terms of Non-Farm Payrolls, the US economy added 272,000 jobs in October 2024, marking the highest monthly increase in the past five months. This figure surpassed market expectations of 185,000 jobs and was significantly higher than the downwardly revised 165,000 jobs added in September. The healthcare sector led the job gains with 68,000 new jobs, while other sectors such as leisure and hospitality, and professional, scientific, and technical services also saw notable increases. However, employment in mining, quarrying, oil and gas extraction, construction, and manufacturing showed little or no change.
4.2 EUR
In October 2024, the unemployment rate in the Eurozone remained stable at 6.3%, unchanged from the previous month. This rate is a decrease from 6.6% in September 2023, indicating a gradual improvement in the job market over the past year. Eurostat estimates that 10.884 million people were unemployed in the Eurozone during this period. Despite the stable unemployment rate, unemployed individuals increased slightly by 13,000 compared to August 2024. The youth unemployment rate in the Eurozone saw a slight increase to 14.4% in October 2024, up from 14.3% in September. This rise highlights ongoing challenges in the labour market for younger workers, even as the overall unemployment rate shows signs of improvement1. The stability in the unemployment rate suggests that while the job market is not worsening, it is also not improving significantly, indicating a need for continued efforts to boost employment opportunities, especially for the youth.
4.3 GBP
In the United Kingdom, the unemployment rate saw a slight decline to 4.0% in the three-month period from June to August 2024, down from 4.1% in the previous quarter. This decrease brought the number of unemployed individuals down to 1.39 million, the lowest level since January 2024. The decline in unemployment was slightly better than market estimates, indicating a positive trend in the UK job market2. The labour force participation rate remained steady at 62.5%, while the employment-population ratio increased to 60.1%. This suggests that more people are entering the workforce and finding jobs, contributing to the overall improvement in the labour market. Despite the positive trend in unemployment, the UK economy faced some challenges in the labour market. The number of payrolled employees decreased by 35,000 between July and August 2024, reflecting some volatility in employment figures. However, the longer-term trend shows an increase of 165,000 paid employees compared to August 2023. The early estimate for September 2024 indicated a slight decrease of 15,000 in payrolled employees, but this figure is provisional and subject to revision. The overall employment rate increased to 75.0% in the year from June to August 2024, indicating a resilient job market despite some short-term fluctuations.
5. Manufacturing & Services
5.1 USD
Manufacturing: In October 2024, the U.S. manufacturing sector continued to face challenges, with the ISM Manufacturing PMI remaining in contraction territory at 46.5. This marks a seventh consecutive month of decline, driven by weak demand and ongoing uncertainties ahead of the presidential election1. Key industries such as transportation equipment and chemical products reported significant contractions, while apparel and petroleum products saw some growth. The Federal Reserve's recent interest rate cuts have yet to significantly boost manufacturing activity1.
Services: On a brighter note, the U.S. services sector experienced a notable expansion in October 2024, with the ISM Services PMI rising to 56.0, the highest level since July 2022. This growth was supported by increased employment and supplier deliveries, despite some political uncertainty and disruptions from hurricanes2. The services sector, which accounts for more than two-thirds of the economy, continues to show resilience and is expected to maintain a brisk pace of activity through the year-end holiday season.
5.2 EUR
Manufacturing: The Eurozone's manufacturing sector continued to struggle in October 2024, with the HCOB Eurozone Manufacturing PMI rising slightly to 46.0 from 45.0 in September. Despite this slight improvement, the sector has seen 28 consecutive months of contraction, the longest downturn since records began in 19972. Production volumes fell for the 19th month, constrained by a further decline in new factory orders, leading to additional job cuts. However, contractions in production, sales, and employment softened over the month.
Services: In contrast, the Eurozone's services sector showed resilience in October 2024, with the HCOB Eurozone Services PMI edging higher to 51.6 from 51.4 in September. This indicates a continued expansion, albeit at a modest pace. New contracts for service providers fell for a second consecutive month, particularly with export orders declining the most in ten months. Nonetheless, employment levels continued to rise, and respondents remained confident about activity levels in the upcoming 12 months
5.3 GBP
Manufacturing: The UK manufacturing sector contracted in October 2024, with the S&P Global UK Manufacturing PMI falling to 49.9 from 51.5 in September. This marks the first time the PMI has fallen below the neutral 50.0 mark since April, indicating a contraction in the sector. The decline was driven by a lack of market optimism, slower economic growth, stretched supply chains, and concerns about the potential impact of the upcoming Budget. New work intakes and output growth saw significant reductions, reflecting the challenging environment for UK manufacturers.
Services: In contrast, the UK services sector continued to grow, albeit slower. The S&P Global UK Services PMI stood at 52.0 in October 2024, down from 52.4 in September. While the sector remains in expansion, the growth rate was the weakest since November 20233. The slowdown was attributed to heightened business uncertainty and concerns about the general economic outlook ahead of the Budget. Despite this, new business growth and employment levels in the services sector remained positive, indicating continued resilience.
6. Consumer Confidence
6.1 USD
In October 2024, consumer confidence in the US rebounded significantly, with the Conference Board Consumer Confidence Index rising to 108.7 from 99.2 in September. This increase was driven by improved perceptions of current business conditions and job availability, as well as increased optimism about future business conditions and income1. The Present Situation Index, which measures consumers' assessment of current business and labour market conditions, jumped by 14.2 points to 138.0, while the Expectations Index, reflecting short-term outlooks, increased by 6.3 points to 89.1. This rise in consumer confidence suggests that Americans are feeling more positive about the economy as the year comes to a close
6.2 EUR
In October 2024, consumer confidence in the UK experienced a slight decline, with the GfK Consumer Confidence Index falling to -21 from -20 in September. This drop to the lowest level this year was largely due to uncertainties surrounding the upcoming budget and rising energy bills, which deterred shoppers1. Despite a fall in the headline rate of inflation, consumers remain cautious about the general economic situation. However, there was a slight increase in the Major Purchase Index, suggesting some optimism about future discretionary spending.
6.3 GBP
In October 2024, consumer confidence in the Eurozone saw a modest improvement, with the consumer confidence indicator rising to -12.5 from -12.9 in September. This increase of 0.4 points was driven by slightly more optimistic views on the general economic and personal financial conditions. Despite this uptick, consumer confidence remains below its long-term average, reflecting ongoing concerns about inflation and economic stability. The improvement, however, suggests a cautious optimism among Eurozone consumers as they navigate the current economic landscape.
Overall Market outlook/summary
Market Summary/Outlook: Stocks
The return of Donald Trump to the White House has sent shockwaves through financial markets, with U.S. stocks surging to record highs. Investors are optimistic about Trump's economic agenda, which includes tax cuts, deregulation, and increased infrastructure spending. The S&P 500 and the Nasdaq have both seen significant gains, driven by expectations of strong corporate earnings growth and a more market-friendly regulatory environment. However, there are concerns about rising inflation and higher interest rates, which could eventually weigh on stock valuations. The market's initial euphoria may be tempered by these factors as the new administration's policies unfold.
Market Summary/Outlook: Crypto
The cryptocurrency market has also reacted positively to Trump's return, with Bitcoin and other major cryptocurrencies reaching new highs. Trump's previous support for cryptocurrencies and his pledge to reduce regulatory burdens have boosted investor confidence. The price of Bitcoin surged nearly 8% to a record $75,345, while other cryptocurrencies like Ethereum and Dogecoin also saw significant gains. However, the market remains highly volatile, and regulatory uncertainties could pose risks. Investors are closely watching for any new policies that could impact the crypto space, as Trump's administration navigates the complex landscape of digital assets.
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@activejjhhh
Disclaimer
Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the consumer based on information received or a market analysis is expressly excluded by 1 "jj". All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
In view of the high risks, you should only carry out such transactions if you understand the nature of the contracts (and contractual relationships) you are entering into and if you are able to fully assess the extent of your risk potential. Trading with futures, options, forex, CFDs, stocks, cryptocurrencies and similar financial instruments is not suitable for many people. You should carefully consider whether trading is appropriate for you based on your experience, your objectives, your financial situation and other relevant circumstances.
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Trading in foreign exchange ("Forex") on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you. Before you decide to invest in foreign exchange, you should carefully assess your investment objectives, experience, financial possibilities and willingness to take risks. There is a possibility that you will lose your initial investment partially or completely. Therefore, you should not invest any funds that you cannot afford to completely lose in a worst-case scenario. You should also be aware of all the risks associated with foreign exchange trading and contact an independent financial advisor in case of doubt.
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I wish to point out that trading in stocks, currencies, CFDs (Contracts for Difference), Forex, spread betting, futures and cryptocurrencies, etc. ("Trading") involves a significant risk of loss and is not suitable for all investors: in particular, past developments do not necessarily indicate future results. Please note that the risk of loss in trading can be substantial. You should therefore find out the details of your financial situation and, if necessary, consult professional help to assess whether your personal and financial situation allows trading and whether you are in a position to take the high risk of loss. If a broker, a commercial adviser or you yourself create contingent orders, such as a "stop loss" or "stop "limit/order", such will not necessarily limit your losses to the intended amounts; market conditions may make such limits impossible.
November 8 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
Here is the Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
I think the Nasdaq adjustment will be the most important,
but in any case, Bitcoin's main safe zone is the 1+4 zone.
As indicated below, if the bottom doesn't break in 2,
it will be important to see how it will endure the 4-hour MACD dead cross that everyone knows.
Bit's short-term pattern is broken.
It will be important to see whether the 30-minute support + daily support are broken and
the match is decided at 1+4.
Before this zone is broken, the principle is to continue to follow the trend,
so you can focus on long positions.
If it breaks, you can mix long and short at that time.
*When the blue finger moves,
it is a two-way neutral
long->short ->long switching strategy.
For those who are not confident, it is better to focus on long positions rather than short positions, and it is important that the 4-hour chart MACD dead cross is engraved and that it does not deviate from the main section.
1. $75,459.5 long position entry section / stop loss price when the green support line deviates
or stop loss price when section 1 is touched
The section 1 at the bottom is a place where the long position entry section can be pushed.
If it is not touched at the same time,
it can be pushed by bypassing section 2 or the bottom, so be careful.
2. $76,500 long position 1st target / short-term short position entry section,
stop loss price when the orange resistance line is broken
As explained above, it can be cost-effective and risky,
so it is important to maintain it by waiting for a long position after liquidation or modifying the long position stop loss price rather than short.
If you touch 76.5K right from the current position, you can start with a short position.
3. 75987.5 dollars long position switching / stop loss price autonomous
Top -> Good section target furniture during the weekend
Check the Bollinger band center line shape according to the 4-hour chart candle shape that is additionally created at 9 o'clock
and see if the MACD dead cross is imprinted every 4 hours
It won't be difficult to operate.
Even if it moves sideways today, it is best if it is maintained without breaking the green support line
or if it protects the 1-hour chart support line.
The purple flag on the far right is the section where additional weekly chart candles are created next Monday
If you drag the chart up and down until the weekend
The top is Good above the Great section
The bottom is the 3rd section below the main price
I checked it, so I think it would be good to use it freely.
There are no significant waves yet,
and it has been moving sideways since yesterday,
so it is very difficult to analyze or explain.
My two-way strategy may fail,
but the drawing and price do not lie.
For those who are going to trade,
I hope you operate safely with the principle of trading and stop loss.
Thank you for your hard work this week.
Bitcoin Wait for a good longThe bullish case is strong, but proper risk management is essential if you're looking to go long. The current market is heavily overleveraged with long positions, causing sharp wicks and rejections, typical of a bull run.
I plan to wait and open a position at $60,750, keeping in mind that the price could drop further to $57,700, where I also plan to enter. However, don’t sleep on that level—it might be the last opportunity to open a long at a good price!
BINANCE:BTCUSD
MASIVE inverse H&SEnglish
if thats true (we need a confirmation of the 2nd shoulder) then btc will shoot to 346K.
Nederlands
als da waar is zal bitcoin pompen naar 346K
ronsies en gents
ja hallo mijne jogne
Loading up more BTC below $80k Possible? Key levelsUsing the weekly candle to generate simple fibonacci levels, there are a few key support lines that correspond to a volume gap.
I'm setting up some limit orders in these ranges just in case there's a chance to load up more "cheap" BTC before we race up to 90k
Bitcoin: a new dawn for crypto?What a week !
This could be a short summary of majority comments from the crypto analysts. After the election of the new President of the United States, who was strongly crypto supportive during the campaign, a new dawn came for the crypto industry. Investors are perceiving that the new US Government will be supportive for the crypto industry and that it might further gain in the mainstream and further solid grounds in the United States. BTC immediately reacted to the first electoral results, gaining strongly during the week. Still, the most important milestone came at Saturday trading session, when the BTC reached for the first time in history the level of $80K. Actually, the current highest historical level is above $80.000.
The RSI entered into the clear overbought market side and continues to move within it, at the level of 76. Under normal market conditions, this level would be treated as highly overbought, from where short term reversal might be expected. Still, current circumstances have to be taken into account, where the timing of this reversal might be postponed. The moving average of 50 days continues to strongly diverge from the MA 200, further confirming a cross occurred as of the end of October.
During the previous week charts clearly showed that the strong up trend for BTC will continue. A break from ATH level means that the BTC will now start searching for new equilibrium levels. Testing of old S/L lines is finished, and BTC is on the quest to chart new ones. The main question at this moment is how much funds are on the market which will be transferred to BTC, and from which other assets? Until the BTC hype is holding, it would not be easy to predict any levels, neither to up or to down side. At the moment, an old traders saying could be applied - trend is your friend. In case of a short reversal, there is some probability that the levels around $78K down to $76K could be tested. Still, some significant drop in the price of BTC, at this moment, should not be expected.
Bitcoin touches $ 76,000 - next?Bitcoin (BTC) continues to capture investors’ attention as it maintains a stable upward trend. Currently trading around $76,226, BTC has seen a 1.96% increase in recent sessions. This growth is supported by positive technical indicators and a favorable market environment, leading many investors to believe Bitcoin could reach the $80,000 mark in the near term. But what are the key factors influencing BTC’s price, and what strategies are suitable in this current market context?
News Impacting BTC's Price
Growth in the U.S. Stock Market: Following Donald Trump’s recent election victory, the U.S. stock market has surged, fostering a positive investor sentiment. This optimistic outlook has spilled over into the crypto market, with Bitcoin benefiting from an influx of enthusiastic investments.
Increased Institutional Interest: Large financial institutions are continuously pouring capital into Bitcoin, viewing it as a hedge against inflation and a diversification asset. These organizations see Bitcoin as part of their defensive strategy against inflation, reinforcing the cryptocurrency’s upward momentum.
BTCUSD’s New Prospects
BTCUSD's technical chart indicates promising growth potential, especially if the price sustains above key Fibonacci support levels. Investors should closely monitor the Support 1 zone and the $77,003 resistance level to seize opportunities when the trend is confirmed. If BTCUSD breaks through this resistance, it could continue its rally toward the $82,078 area, offering an attractive profit opportunity.
Bitcoin cup and handle patternBitcoin has recently formed a cup and handle pattern on the daily timeframe, breaking above the handle’s resistance and creating a new all-time high. My plan is to wait for a retest of the handle’s resistance level, watching for it to act as support, ideally confirmed by bullish patterns.
The first resistance is at the 1.272 Fibonacci level relative to the cup’s height, where a pullback to retest the previous handle’s resistance may occur. If this level holds as support, I’ll consider a second target at the 1.618 Fibonacci level of the cup’s height.
#202445 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well.
tl;dr
bitcoin: Neutral. If we stay below 85000, we can have a two legged correction from here. Above 85000 I don’t see any reason to not print 100k.
Quote from last week:
comment: Bulls made the breakout early in the week and retested the ath 73805 but came short couple of points. It’s obviously the mother of all double tops here since the rejection is already deep enough, that there is a decent chance we won’t reach 73000 again.
comment : What a rally this is. On Thursday I wrote that we broke high enough to make 80000 a possibility and it happened on Sunday. I absolutely can’t this see going any higher as of now but I can also be totally wrong about that. I have no interest in buying this, whatsoever. I have also drawn my preferred path forward with a two legged correction where the B would reach 80000 and we got that part already. My next target is 72000/73000.
current market cycle: Bull trend
key levels: 70000 - 80000
bull case: Bulls outdid themselves with the 80000 print. I expect big profit taking to come around soon and late bulls will get burned. My bullish targets are met and I got nothing for the bulls above 80000.
Invalidation is below 70000.
bear case: Bears are stepping aside for now until the spike is done. 80000 is the perfect place to wait and see if profit taking starts and once it gets going, I expect big bears to sell aggressively. If bulls manage to keep this going above 85000 I am completely wrong with my read and this could actually melt to 100000. How do I come up with that target? Measured move from the current spike is about 95000 and that is close enough to 100k to make it. What a sight that would be…
Invalidation is above 85000.
outlook last week:
short term: Bearish medium-long term. Short term we could retest 70000 or higher but if you can hold shorts with stop 75000, I think they can work.
→ Last Sunday we traded around 68620 and now we are at 79329. Could not have been more wrong. Monday and Tuesday confirmed my read but Wednesday left no doubt about it being wrong.
short term: Neutral but if we stay below 85000, we could see the two legged move down as drawn. Could still just be a bull trap and we sell down hard again. That does not mean shorting this right now is a good idea. Bears need to show strength with consecutive bear bars before I think about joining them. Right now it is max bullishness.
medium-long term - Update from 2024-11-10 : No current outlook until bears come around. Above 85000 this has potential to go for 100k.
current swing trade: None
chart update: Added bullish 5-wave series and potential two legged correction. If we print 85000, the current bull leg is probably a W1 of a new impulse which could lead to 100k.
#BITCOIN. A healty pullback before a possible more agress move. CRYPTOCAP:BTC price dropped by 2.12% in the past day, following news of the spot Ethereum ETF approvals. This surprised traders who were optimistic about new all-time highs following the cryptocurrency's strong rally earlier in the week, gaining 9% to $72,000. The sudden decline saw BTC fall from a high of $71,980 on May 21 to an intra-day low of $66,606 on May 24.
This latest move in BTC price I would call a healty pullback / possible fakeout and I expect to see BTC might make a gap up or a climb to as high as 77/78k LVL.
While still keeping my old analysis as a base. (THIS WAS RECENTLY REMOVED BY MODERATORS FOR RESTRICTED CONTENT).
Here is the original numbers from apr 16 analysis.
If price = down from:
Ema 20
Sma 50
=bears will try to push for 60k lvl. If this lvl breaks look for 61.8% Fib r lvl of $54++
If price breaks up from:
MA = $60k - 73k range.
A break + close above 73,777 indicates a resumption of the uptrend to 80k.
Bitcoin's Latest Moves: Did You Ride the Wave?Hey traders! 🚀 The 1-hour BTC chart has been offering some exciting opportunities lately, with clear trends forming and plenty of potential for those who managed to stay in tune with the market. Trend-following can be a powerful approach, especially with the way Bitcoin has been moving!
🔍 Did you manage to follow the recent uptrend?
I'm curious—were any of you able to ride these moves and capitalize on the momentum? Whether you're holding for the long haul or taking shorter trades, there’s always something to learn from how others approach these trends.
🗣️ Questions for the community:
Did you catch any of these entries on the 1-hour chart?
What do you find most effective for staying on the right side of a trend?
How are you adjusting your strategy with the current BTC volatility?
Metrics at a Glance: 📊 Total Trades: 56
💼 Win Rate: 44.6%
📉 Losses: 46.4%
🚀 Net Profit: 78.82R
📈 Profit Factor: 4.03
Looking forward to hearing your insights and seeing how everyone’s navigating this market! Let's keep the momentum going and help each other stay profitable! 💪🤑
