Correction Considering the reaction of the price to the resistance range, it is expected that the continuation of the corrective trend will be formed up to the specified support range.
BTCUSD.P trade ideas
#btc #elliottwave short sell setup wave 4 a 15Dec24This 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.
BTC/USD : First Short, Then LONG! (READ THE CAPTION)Analyzing the #Bitcoin chart in the 4-hour timeframe, we observe that the price is currently trading around $100K. If the price stabilizes below $100,380, we could expect further declines, with $97,800 as the first key level, followed by the potential start of the next bullish wave for Bitcoin. The second scenario involves a price surge above $101,500, which could increase demand and push the price to levels above $102,000. This analysis will be updated further.
Weekly Time Frame Analysis :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Bitcoin Down to 3666?Bitcoin’s Bull Run: A Potential Correction Ahead
Bitcoin has seen a remarkable bull run, but a correction to $3,666 may be imminent. Historical patterns show Bitcoin often retraces 70-90% after peaks (e.g., 2017-2018 and 2021-2022). Current overbought indicators, like RSI levels above 70, and declining buyer activity suggest cooling momentum. Affordability is also a concern, with high prices limiting participation by retail investors.
Could Bitcoin Become the US Official Currency?
With global trends like El Salvador adopting Bitcoin as legal tender, it's plausible the US could consider similar moves under specific leadership. Bitcoin's capped supply and decentralization align with economic policies that challenge traditional banking and inflationary pressures.
Why Market Inclusivity Matters
Most of Bitcoin’s wealth remains concentrated among early adopters and whales, mirroring the inequality seen in stock markets. Broader adoption by the general population is essential for Bitcoin’s long-term legitimacy and sustained bull runs.
Be Prepared for Market Turbulence
On-chain divergences (e.g., lower transaction volumes) and macroeconomic tightening hint at potential turbulence. Bitcoin corrections tend to be swift, often concluding within 1-2 years, as seen in past cycles. Observing these trends is vital for navigating the market ahead.
A Word of Caution
Average investors should be wary of opportunistic individuals or schemes promoting Bitcoin as a "guaranteed" investment at current levels. The market’s volatility could leave latecomers holding the bag during a downturn. Always conduct thorough research before investing.
Bitcoin's Elliott waveHi, this is my quick Bitcoin Elliott Wave count and channel analysis. If you think in terms of percentage, it's definitely one of the weakest Bitcoin trends ever. However, I'm not blindly shorting, nor do I recommend it. You must look for setups when it gets bearish.
btcUSD channel , no position m just observing whether it breaks This is the latest channel BTC is in . Watching to see if we reject from resistance or we break through.
BTC SHORT TO $94,760Finally some clarity from BTC, well worth sitting on our hands for a short period. We created a short term down trend with multiple confirmations (SMA break and rejection, LL's & LH's etc) a retracement back to the golden ratio and a rejection from a major key level has resulted in some bearish momentum for BTC and all correlated markets.
We'll se how this plays out as exhaustion will play some restriction in the momentum BTC can hold although i do think the target / 61.8% retracement level will be met of $94,760
Also currently waiting on BTC to produce a new LL on the 1H time frame so lets see how that pans out. I have moved stop to $11,065 to lock in 1.5% as we've been out the market for a few days.
P.S, sorry slightly late on posting this idea
BTC to 109,000Good Morning Traders,
Today I am sharing my BTC idea for trading over 109,000k USD by Dec 25/2024
There is around 20 billion options expiration as confluence for price action supporting this idea.
Merry Christmas
December 17 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.
The Nasdaq indicator will be announced at 10:30 in a little while.
Today, I made a strategy through a very fair vote.
If the strategy fails, there is a possibility of sideways movement and additional adjustments after tomorrow, so
please note.
Today, I will start the strategy for a 5% probability vertical rise.
*When the red finger moves
Long position strategy
1. 106,891 dollars long position entry section / When the purple support line is broken
or when section 1 is touched, stop loss price
2. 108,784.5 dollars long position 1st target -> Good 2nd -> Great 3rd
107,843.5 dollars in the middle
is a textbook-like autonomous long position section
If the purple parallel line support line is maintained until the daily candle is created
Is it valid?
Also, rather than proceeding aggressively today,
all patterns were restored after the report was updated,
and since the 15-minute Bollinger Band support line has not been touched even once,
we tried to enter the rising pattern and decided the game.
On the other hand, there is a possibility of a vertical decline in Tether Dominance.
From the touch of the 1st section at the bottom,
the short-term pattern is broken, and there is a possibility of additional adjustment after tomorrow,
so if the strategy succeeds within the purple parallel line support line today,
it is definitely good.
The 2nd section at the very bottom
is the 1+4 section,
so if the strategy fails today,
keep it open until 2.
As explained in the video,
when Bitcoin is in an upward trend, it will go together with the major altcoins,
and after the adjustment, there is a high possibility of a cyclical pumping from the minor altcoins in the rebound.
Since you have been spreading it hard, it is time to reap it now, right?
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you will operate safely with the principle of trading and cut-off price.
Thank you for reading.
BTC , Mother candle Breakout BTC is in Bullish momentum , Even though last 26 days was in sideways range making it a flag .
Monthly and weekly both are up.
5 Dec candle is significant in terms of volume and price is in the range of its high and low ( Daily).
MACD is in positive zone , RSI is above 60 signify momentum. if it breaks out expecting target up to 114000.
Open and Low of todays candle is same , only problem is volume, its less then average .
View is my own and not an investment advice but for learning purpose only .
BTC sideway may let's the alts to do some gainLet's see if BTC can side way in this channel, this way alts can pump a bit
BitcoinBTCUSD ( Bitcoin / U.S Dollar )
Completed " 12345 " Impulsive Waves
Break of Structure
Order Block
Change of Characteristics
Exp FIAT as an Corrective Pattern in Short Time Frame
BTC/USD Buys 21/12Btc has pulled back into 97200, formed an inverse head and shoulders. Broken a counter trend and is reacting well off of the demand zone on the hourly. Anticipating price to keep pushing from this area to retest the recent highs.
BTCUSDT - At Support? What's next??#BTCUSDT.. in today BTC market dropped around 4 percent but still it is buying trend because until market didnot break 94200 there is no sign of short.
94200 is our key level now and don't short until hold it.
Only short below 94200
Good luck
Trade wisely
Daily Analysis of Bitcoin – Issue 233The analyst believes that the price of { BTCUSD } will decrease 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.
When Bears Gather: A Confluence of Warning Signs for BTCBitcoin’s current price action has led me to adopt a bearish short-term outlook, supported by several technical indicators and analysis methods. Here’s why I believe we’re at a critical turning point and entering a Wave 4 correction based on Elliott Wave Theory.
Stochastic RSI: Bearish Crossover
The Weekly Stochastic RSI has entered the overbought zone, and a bearish crossover has formed. Historically, this has been a reliable signal of a downside correction. I’ve highlighted previous instances where a bearish crossover in the overbought region led to significant price corrections, and we’re now seeing a similar setup.
A single indicator isn’t enough to make a strong prediction, but several additional factors strengthen the bearish outlook:
1.618 Fibonacci Extension: Bitcoins price price aligns with the 1.618 Fibonacci level, often a key resistance point. Whilst it has broken support on the daily/weekly time frames it wouldn't surprise me if it retraces back to the 1.618 Fibonacci, creating a bearish candle where the 1.618 is now resistance by the close of December.
Loss of Momentum: Candlestick patterns and momentum indicators all show weakening momentum, including a hanging man candle on the weekly chart.
Daily and 4-Hour Stochastic RSI: Both timeframes have also turned bearish, signaling further downside.
Elliott Wave Analysis: Top of Wave 3
In my previous Bitcoin analysis, I discussed how we’ve likely reached the top of Wave 3, and are now entering a Wave 4 retracement.
If this is indeed Wave 4, Elliott Wave Theory suggests that 70% of corrections retrace between the 0.382 and 0.618 Fibonacci levels, which I have marked out above. Based on this range:
In 2021 Wave 4 corrected 31%. If we did a similar correction this would take us down to 0.618 Fibonacci level, conveniently near $71,859.67, which also serves as close proximity to the previous all-time high.
Final Thoughts
As traders, we can only work with the charts and data in front of us. My current bias remains bearish, and I’ll continue monitoring key levels and confluence points to adjust my outlook as needed.
BTC is still consolidating & hovering around 100 KBTC is still consolidating & hovering around 100 K. May be it can correct from this level before uptrend starts again.
How low could BTC drop?Bitcoin prices have dropped sharply over the past three days, making it a tough period for crypto and altcoin holders. At one point, ETH was down 24% from its December 16 high, while Litecoin saw a full 41% drop from its peak.
These sharp declines may encourage some buyers to take advantage of the massive pullback in altcoins, but watching Bitcoin's movements is crucial. When BTC finds a low, the chances of a low in altcoins will be greater.
So, from which level could BTC bottom out?
Since November 12, Bitcoin has been moving within a bullish channel, steadily pushing higher as latecomers joined the rally. However, it has now breached the channel, as the chart shows. And as long as Bitcoin trades below today's high of 98,253, this trendline break remains valid, suggesting the potential for further downside.
So, how low could prices go? A 21% correction from the all-time high is reasonable in a typical bull trend. This would bring Bitcoin's price down to approximately 85,000. If that happens, many latecomers who bought since November 12 would likely be stopped out, potentially allowing the price to stabilize and resume its upward trajectory from that level.
A stronger support level exists at the March and October highs of 74,000. Hopefully, the market won't test this level, which marked the start of the latest rally after the US election.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
BTCUSDTo me, it looks like a complete Ascending Triangle, What are your thoughts on this let me know in the comment below
Bitcoin: $73K Breakdown or $130K Breakout ? Your Thoughts !Post your thoughts and analysis in the comments and share your charts! I’ll respond and discuss your predictions. Let’s decode Bitcoin’s next big move together!
Bitcoin is at a critical Gann crossroad where time and price meet—a setup that traders cannot ignore. 📉📈 Is BTC ready to blast off to $130K, or will it lose momentum and plunge to 73K?
Understanding Market Cycles Through Gann's Principles-
W.D. Gann, one of the most legendary traders, discovered that markets move in predictable cycles based on time, price, and natural law. Gann's philosophy states that markets are not chaotic; they follow repetitive patterns influenced by planetary cycles, angles, and geometry. These cycles allow traders to identify turning points in price with incredible accuracy.
1. Time Cycles:
Gann emphasized that time is the most critical factor in forecasting market movements. He believed that history repeats itself, as cycles tend to recur after specific intervals. For example, key highs and lows often form at regular intervals (like 30 days, 90 days, or annual cycles). Gann connected these patterns with planetary cycles, such as the Saturn return (29.5 years), which often marks major shifts in financial markets.
2. Price and Geometry:
Gann introduced the concept of geometric angles, where price moves in harmony with time. The Gann Fan, for instance, uses angles like 1x1, 2x1, and 4x1 to predict the support and resistance levels based on a balanced relationship between price and time.
When a market breaks through a Gann angle, it signals a major trend change or continuation. This principle highlights how BTC could now be at a decisive point between 73K (downside Gann target) and $130K (upside Gann target).
3. Cycle Extremes and Reversals:
Markets tend to hit extremes before reversing. Gann believed that natural time cycles, such as the seasonal year or 90-degree quarters, correspond to price extremes. For example, Bitcoin may currently be completing such a time cycle, aligning with a potential breakout or breakdown. Recognizing where we stand in this cycle allows us to anticipate the next big move.
4.The Law of Vibration:
Gann’s Law of Vibration explains that every financial asset vibrates at a specific frequency. By identifying these vibrations through time and price charts, traders can forecast future price movements. BTC's current consolidation may be a result of price vibrating at a critical frequency before a decisive upward or downward move.
Understanding market cycles through Gann’s time-tested principles is like decoding the market's hidden language. BTC’s current setup aligns perfectly with Gann's theories, signalling a potential major move. Is it a $130K breakout or a 73K crash?
👉 Share your thoughts and analysis. How do you see this market cycle unfolding? Let’s discuss! Bitcoin: 73K Collapse or $130K Explosion? What's Next? Share Your Analysis!
BTCUSD DAILY SELL ANALYSISPrice mitigated the daily bearish fair value gap during Asian session. I expect a rally to the downside to sweep sell side liquidity. My target is at 90,606
BTC False Retest Don't Trade in BuyAs far as we can tell, BTC made a higher high this week and then came into the sell and hit 92,000.
And BTC has gone a bit overbought with fake support of 92160, this is fake support with us, the market will Sell.
BTCUSD is holding its MA50 (1d). Bullish!Bitcoin touched the MA50 (1d) today and immediately rebounded, making a strong statement of how important of a support level that is.
The last time it hit the MA50 was on October 11th.
The pull back resembles March 20th from Bitcoin's last major rally, which rebounded and hit the 0.786 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 105000 (the 0.786 Fib).
Tips:
1. The RSI (1d) patterns of the current correction and March's are virtually identical and in fact today it hit the exact same Support leve (46.50) it had when the price rebounded on March 19th.
Please like, follow and comment!!
Notes:
Past trading plan:
