Bitcoin (BTCUSD) - Trump Pumps Bitcoin To $100,000?I remember the early stories about $100,000 CRYPTOCAP:BTC and with Trump in office, this might just be possible but....
BITCOIN trade ideas
BTCUSD Technical Update : Bullish Breakout ConfirmedOn November 4th, Bitcoin (BTCUSD) successfully tested trendline support at $66,783.77, followed by a decisive breakout above resistance at $68,800 on November 5th. This surge propelled BTCUSD to a new all-time high (ATH) in the $75,000 area.
Consolidation and Continuation
From November 6th to 9th, BTCUSD consolidated sideways before resuming its upward trajectory. The new bullish support trendline at $76,509.56 remained intact, providing a springboard for further gains.
Key Breakout and New ATH
BTCUSD breached resistance at $78,210, skyrocketing past $80,000 to establish a fresh ATH at $81,111.
Technical Outlook
- Support Zones: $79,250 and $77,312.17
- Resistance Zones: $80,137.69 and $81,111 (new ATH)
- Bullish momentum intact
Recommendation
Maintain long positions, targeting further upside.
Caution
- Monitor for potential pullbacks
- Adjust strategies according to market conditions
BTCUSD: Bullish breakout above $68,800. New ATH at $81,111. Support zones: $79,250, $77,312.17. Resistance: $80,137.69.
BTCUSD:Watching $76,400 support trendline break. Potential shortBitcoin's bullish momentum has reached a critical juncture.
Key Levels:
- Support Trendline: $76,400
- Breakout Target: $69,720 (previous resistance)
- Long-term Target: $85,000+
Entry Strategy:
- Wait for break of support trendline ($75,400)
- Confirm bearish momentum
- Short positions considered
Market Sentiment:
- Cautious, awaiting break or bounce
Technical Indicators:
- RSI: Neutral (50-60)
- MACD: Converging lines
Near-term Outlook:
- Break below $76,400 may trigger sell-off
- Bounce or consolidation possible
- Long-term uptrend intact
Recommendation:
Monitor $76,400 support trendline closely. A break may present short-term opportunities.
Possible Buy Zone Based On H1 + H4 Price ActionLast few days we can see Bitcoin has strong buyer momentum. Some say that it related to latest US Presedential Election 2024. BTC price at 80k should be a good sentiment level, but now price reach 81k. Is this a resistance break? I think so. So I am expecting to buy actually around 78k price. Let see how this works.
BITCOIN DISCOUNT From our analysis BTCUSD seems to have found its high and will begin to drop now. We are selling BTC now and holding until we have achieved a retest of the KeyZone at 71K
BitconacciSome insights panned out, not all. Nevertheless, the red path was dead on top and bottom. Inebriated mania severed by a wyckoff top.
The weight of the Monthly MACD momentum spike happened to tip price over, corroborated by price drifting underneath the 12 EMA. These were the signals.
These signals are reversed now. Momentum is poised.
12 EMA flipped.
What is expected, lower prices and higher prices? What about an extended lull that grinds into an unexpectedly massive climb.
There are reasons for this analysis, one is a new concept on nobody's radar yet. First, the weekly MACD seems to need a short breather. What is more interesting, however, is the Fibonacci time sequence marked in Blue. Cycles lining up since in 2009, btc genesis.
BTC Suckers rallyFollowing a very similar pattern from a few years ago, it resonates with me very clearly that this is a sucker's rally.
Either I'm right or wrong, it's a technical bet; with 0 fundamentals taken into account. Macroeconomic health is not looking too good still and we need to look deeper to be sure about the market we're taking long at.
If everything falls into place, we should see a net 3x value from current bottom, probably 40-60k. Closest bet to close would be there.
What do y'all think...Shall we continue the groove?Hey everyone, just messin around with random ideas. Who knows, honestly just wanted to publish this because it might just work.
Some close numbers in the previous two bear to bull cycles. I just measured the highs&lows of previous cycles along with duration.
The numbers for the two previous full cycles were pretty close, so I just mapped the average out for our current situation.
Still can retest lows but too much beyond that is probably out of sight.
Dunno, not financial advice and just experimenting.
Any insight?
Hope everyone is well, thanks for your time.
Oh my god, my first target reached!! personal idea: on 29th October based on the technical indicators I predicted first target of 80k for Bitcoin, so far first target reached, furthermore based on the history movements of Bitcoin in big time frame I predict this bull run continue for 3 month. Good 🙂 luck 👍
BTCUSDBitcoin to drop soon, as btc has gained a lot volume, not usually expected,
it has lost the liquidity , and has changed its trend in M5, and now is going to change its trend in M15. We will now see a good bear after this breakup.
This is the expected move now.
The CryptoSniper's Bitcoin prediction --- $140kIf we can envision a Inverse Head and shoulders forming.
With a horizontal neckline coming in at around $47.5-48k
It gives us a LOG projection north of $140k
Draw it out yourself and see :)
A linear target would be much more subdued and give us a $80k target
And trap people below that magical figure for close to a decade , if u tack on a bear market that would follow.
That could really hurt #Bitcoin's traction in gaining new buyers going forward (especially on the retail level)
But lets's be optimistic and aim high
but recognise the value of having BOTH targets in mind.
@TheCryptoSniper Thank you for your ongoing education and dedication to your craft.
$BTCUSD Weighing in for it's Golden Bull RunBack in 2020 I posted the following chart :
where I was looking for potential targets on BITSTAMP:BTCUSD during its bull run.
The following lines are for specific weights of $XAUUSD.
Yellow = 1 Troy Ounce of Gold
Orange = 1 Troy Pound of Gold
Dark Orange = 1 Troy Kilo of Gold
I have added the next weight of OANDA:XAUUSD to the chart for future reference as backtesting the weights of gold seem to give some interesting clues as to where BITSTAMP:BTCUSD may end up in each Bull cycle.
Pink = 1 Troy Stone of Gold
The price of BITCOIN is entering price discoveryBitcoin surpassed its previous all-time high, reaching $80,000 this weekend, signalling entry into a parabolic phase characterized by price discovery. While setting nominal price records, BTC's fully diluted market capitalization remains below its historical peak of $1.58 trillion. Based on current market dynamics and adoption trends, we project Bitcoin to reach $100,000 by the end of 2024, with potential upside to $180,000 by April 2025.
Bitcoin Upward WavesSince the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There are two possible areas for the current Bitcoin't correction wave. The first is the purple triangle, and the second is the orange one. The only difference between these two areas is that if the Bitcoin reaches the orange triangle, the major ascending channel will be invalidated, since Bitcoin has breached the channel's bottom. Let's see what happens.
Bitcoin- Signs of a bottom formation?Hey everyone,
what a crazy time to be in this space right now! Hope you all are fine out there! No matter if you made it through this mess or not, money comes back, always remeber that!
There will be tons of new opportunities out there in the future, this space is just evolving more and more. As scammers get revealed, people will be much more cautious, as it should be.
The one sector which I think will rise much stronger from the ashes of this whole situation will be the defi sector.
Don't trust, verify!
I don't want to talk more about this topic, so lets get right to the charts:
RSI is clearly in the buttoming territory, which has always marked the buttom relatively accurate.
More and more folks out there are shouting again "this time it's different", and they will always shout it out while sitting at or near the buttom.
That's the way market psychology works. Buttoms are created when there are no sellers left at these prices. People like these already sold and are waiting for much lower prices.
The next chart shows that we are sitting right at strong support of the total crypto marketcap:
Moreover I always like to compare price fluctuation of Ethereum relative to Bitcoin (orange line).
As you can see, imbalances in the relation of the Altcoin market to BTC often showed prominent turning points, or an imbalance in the otherwise highly correlated assets:
Let's look at the volume, shall we:
As always said in my previous posts, volume and price action are the two main factors everybody should watch.
The volume spikes we can see right now can mark the buttom, as it always did. And again, I stick to what is most likely, not to the exception!
Technically, ETH and a lot of Altcoins did not make a lower low like BTC did. So what do we need for confirmation, that this could really mark the buttom?
Reclaiming and pushing though the area of 19k - 19,5k (orange box in the image above) and also holding above 19,5k.
I could also point out that we are again in the territory where the costs of mining BTC is not profitable anymore for a lot of miners around the globe, which has also marked the buttom territory everytime.
As Satoshi said: the price will always come back to the cost of production.
It will fluctuate around this price level and eventually come back to test it from time to time. As most of you know I guess, these will rise constantly due to the halving.
There are a lot more things I could show here but I guess it's enough, these are the most important facts in the Charts in my personal view.
But I will not end this post without pointing out the current market sentiment: It is crazy bearish, as it always will be in buttom territories.
Right now everyone looks into the same direction, lower prices. Ask yourself the question: when was the last time nearly everybody was convinced that prices HAVE TO be heading in one direction?
The crowd is never right, and right now we are at the extreme end of that bearish sentiment.
Timing the REAL buttom exactly to the tip is not what I strive for and also not a realistic thought.
Finding the right range which should be a good spot for buying and holding for a longer period of time is the key element in my strategy. This is what I aim for.
*** Keep in mind that this is NOT A FINANCIAL ADVICE, just my own thoughts about the market! ***
Monthly trend line target 120kReal simple here. Let's see if this long-term trend line is the top for Bitcoin. This along with the recently completed bull flag indicates targets at 120k-135k.
BTCUSDT Trading Strategy TodayBTCUSD is trading around 75,838 USD, showing strong upward momentum with potential for further gains. The chart highlights two critical support zones: Support 1 around 74,000 USD and Support 2 near 72,400 USD.
If BTCUSD experiences a pullback, these support levels could act as launching points for another upward move. Holding above Support 1 would strengthen the bullish outlook, targeting the resistance around 76,700 USD and potentially higher.
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U.S. Elections: From Bullets to Green Candles🇺🇸 U.S. Elections: From Bullets to Green Candles 💡🌐
With Kamala Harris and Donald Trump both embracing pro-crypto stances, the upcoming elections are set to pivot towards crypto discussions.
Moving away from controversies like the assassination attempt on Trump, the focus now is on who can best integrate crypto into America's future. Trump's bold statement about potentially using Bitcoin to back the U.S. dollar has sparked significant interest and debate. Bullish
Election Impact on Crypto
Both candidates are increasingly engaging with the crypto sector. Kamala is considering attending the Bitcoin 2024 conference, while Trump is expected to deliver a historic message at the same event. This shift signifies a potential future where crypto plays a central role in America's economic strategy. With the Federal Reserve expected to cut interest rates, following the trend of other central banks globally, the financial landscape could be set for significant changes. Bullish again
Previous Predictions and Market Impact
In January 2023, I accurately predicted a strong Bitcoin entry point at $17,000, emphasizing inflation, interest rates, and solid fundamentals. This proved crucial for significant gains. 🌐
By February 2024, I predicted Trump's resilience amidst pressure, highlighting his favored status as "the loud rooster," and he indeed remained a prominent figure. My analysis of the geopolitical landscape was spot on, with Biden stepping down, leaving Harris to face the new favorite: The Rooster Trump. 🌐
Technical Analysis and Projections
The chart shows a new nice flag, indicating potential significant upward movement. Expect big green candles, possibly pushing Bitcoin to $100,000 or even $160,000, influenced by the election dynamics. These bullish patterns are supported by strong fundamentals and increasing institutional interest.
Political Influence on Market Sentiment
The political climate has always had a profound impact on market sentiment. Trump's potential plan to use Bitcoin to back the U.S. dollar could revolutionize the financial landscape, driving significant market momentum. This unprecedented move might not only stabilize Bitcoin's value but also cement its status as a legitimate reserve asset.
Future Outlook and Strategic Implications
Looking ahead, the integration of crypto policies by either candidate could define America's financial future. Harris might continue the current administration's regulatory path, while Trump’s approach could be more radical, potentially transforming the U.S. dollar into a Bitcoin-backed currency. Investors should stay informed and prepared for rapid market changes. The anticipated interest rate cuts in the U.S. add another layer of complexity and opportunity, as they could stimulate the economy and potentially bolster the crypto market further.
Let's hope for democracy and peace: no more bullets, big green candles.
One Love,
The FXPROFESSOR 💙
A bit of fun:
🏳️🌈Ka'mala (not Kama'la) Harris identifies as a she/her crypto enthousiast who keeps saying ''what can be unburdened by what has been"
🏴☠️ Trump has been dodging bullets like Neo in the Matrix , yelling 'FIGHT' seconds after being shot! Some serious Cowboy stuff!
Who do you prefer and why? Let me know in the comments.
"Free your Mind", Morpheus - The matrixThe range phase has now lasted for six months. I want to make it clear that this is one of the most aggressive patterns you can encounter in the market. The main objective of this trading range is to weaken market participants and provoke mistakes that affect their wallets.
This often leads to behaviors like:
Selling at a small loss after holding for a long time.
Trading futures based on the "feeling" that the market is going down.
Leaving the crypto market entirely and moving to other markets.
Remember that in March 2020, the market began to pump during the height of negativity surrounding the COVID-19 crisis and global lockdowns. Why? Because people sold their BTC out of fear and to keep cash on hand . The market makers saw this as a prime opportunity to absorb those quantities. Later, people jumped back in at FWB:65K , only for the market to correct down to $32k because too many people were buying.
The same thing happened in October 2022, amid intense negativity due to war and inflation —the market pumped from $15k.
Keep in mind that Market makers and whales aren’t playing by “logic”; their game is driven by emotions.
In conclusion : As I explained in many of my tradingview Ideas , pattern is bullish. Target is 80k.
Free your mind !
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD CRYPTO:BTCUSD CRYPTOCAP:BTC.D
Breaking Through A Solid Wall BINANCE:BTCUSDT COINBASE:BTCUSD CRYPTOCAP:BTC.D CRYPTO:BTCUSD
BTC is attempting to break through the strong historical resistance level, represented by the red triangle on the chart. The blue parallel channels highlight both short-term and long-term trends.
Greed and Fear Index currently sits at a neutral level : 63 , with a target of extreme greed around 90.
The main objective remains at $80K.
