BITCOIN Gaussian Channel telling you the rally has already begunBitcoin (BTCUSD) is illustrated here on the 1W time-frame from the 2011 Cycle until today. We've used the Gaussian Channel (GC) after a long time and the reason is simple. Since the August 05 2024 Low, it has been supporting the uptrend up to today's test of the All Time High (ATH).
** Gaussian October support every 4 years **
This continuous support is a critical feature moving forward as every time the GC held at this stage of the previous Cycles (October 2020, 2016 and 2012), BTC started its final (and most aggressive) Parabolic Rally of the Cycle.
** Resistance turned Support **
What's equally interesting is that during those stages, the price also re-tested and held the former Resistance (of the previous Higher High), turned it into a Support (while the GC held) and bounced to the Parabolic Rally. This is a remarkably consistent feature taking place every 4 years!
** The green GC length matters **
Now as to the GC in more detail. What we want you to keep from it, is that the green part of the GC has lasted in the previous Cycles 123, 144 and 148 weeks respectively, which translates to 861, 1008 and 1036 days, until it turned red. As a result, we can expect the current green phase to last until December 08 2025 (minimum) and June 01 2026 (maximum). It is more reasonable to expect the longer case as the recent Cycles tend to have stabilized most of their common time patterns.
The Bear Cycle tends to start when a 1W candle is closed below the GC. Until then, based on the parallel Channel Up patterns that encompass 3 Cycles each time, we can even expect a price as high as $200000 for this Cycle Top.
Do you think that's realistic? And if so, do you also expect the GC wave to support a parabolic rally all the way to the top? Feel free to let us know in the comments section below!
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BTCUSD trade ideas
BTCUSDBINANCE:BTCUSDT
As we can see, there’s a supply zone where the price has been rejected multiple times.
This is a strong liquidation and selling area.
If we get a daily candle close above this supply zone between 72,000$ and 73,000$ we’re likely heading for a new HH around 84,000$ maybe even higher.
Trade carefully.
Support me with a comment and a follow
love you traders
$BTC have a gold fractal!Please pay attention to the Bitcoin chart and the Gold fractal! It's incredible, but it looks very similar. The level of correlation is quite high! Similar formation of tops, bottoms, breakout without retest and then now breakout phase with retest. The retest was successful. Very soon there will be the strongest growth! Good luck!
Horban Brothers!
BTCUSD Daily Inflection Point
This is a continuation of the Weekly Inflection Point.
On the daily we're getting close to a crucial area. A downward move here may indicate a large move, correction on the weekly, daily. 16k could easily be hit. There is also the potential for this momentum consolidation to have a breakout leg to 77-88k before a final correction.
Watch for a break above or below the keltner channel. If the stock market is about to tank because WW3, the debt bubble created in 2008-2020, then Bitcoin will get shocked with it while everyone scrambles for PM's.
After maybe bitcoin will be revived when people realize there isn't enough PM's out there, else some world wide digital currency emerges.
Either way I have little hope for bitcoin, unless the NWO backs it because of the transparent transactions that can be traced, blacklisted, non fungible- control. Such a currency is a fools hope and will be used against you when tyranny seeks control over you.
Top 5 Weekly Trade Ideas #2 - Bitcoin Bull Flag RetestI've been watching this bull flag for a long time now like I'm sure many have. We finally got the breakout recently before rejecting at ATH. Just had a near perfect retest and bounce so I think it's a great spot for long entries. I would expect more upside from here and an eventual ATH break that could lead to a move up to $100k.
For now I would just play this bounce back up near ATH. If it breaks ATH then I'd be looking for dips to buy, preferably on a retest.
Maybe, Maybe not?This is all based on my own research and understanding. Not a financial advise. Will probably do a slight pull back then goes up again. $ BITSTAMP:BTCUSD BITSTAMP:BTCUSD
#Bitcoin Elliott wave analysisAs shown in the chart, price is currently at the end of wave 1 of 5.
In the short term, this suggests we may see a bearish corrective move to form wave 2, after which the bullish move could resume.
Let me know if you have any questions about Elliott Wave analysis!
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.
BTCUSDBTCUSD ( Bitcoin / U.S Dollar )
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line or Daily Resistance. It has completed " 123 " Impulsive Waves at Fibonacci Level - 161.8%. Completed Order Block and Started Rejecting
Are We Approaching a New All-Time High for Bitcoin...?Bitcoin has been following a specific trendline for almost two months, a pattern that has seen it bounce back from this line four to five times in the past. As it stands, Bitcoin is currently facing strong resistance at its all-time high, which is around 73400 dollars. Meanwhile, the trendline serves as a crucial support level.
Investors and enthusiasts are closely watching this situation, as the coming days will be critical. The main question on everyone's mind is whether Bitcoin will manage to its all-time high resistance or if it will break below the trendline support. Keeping an eye on these key levels is essential, as they may present significant trading opportunities. Stay vigilant!
downtrendIt is expected that the price will cross the support trend line and continue the corrective trend to the support range.
If the price crosses the resistance range, the upward trend is likely to continue
BTCUSD BUY ANALYSIS RECTANGLE PATTERN Here on Btcusd price has form a rectangle pattern now broken line 74253 so is like to go up more and trader should go for LONG with expected profit target of 82939 and 93150 . Use money management
#BTC URGENT UPDATE:- 66k or $71.3k?That’s a tough doji there. The breakout was impressive, but sellers stepped in, and volume has dropped in the high 70k range.
There's a liquidity zone around $66,300, which also aligns with a lower support level.
Price may consolidate around this level, giving altcoins room for a short-term rally on Monday and Tuesday.
Unless we break that $71378 in htf and ltf , these pumps can fail to sustain.
With US election week ahead, expect market indecision. Play it safe, if you’re new to the market, it’s best to avoid futures trades this week.
Wait for the event to pass if you value your capital.
dyor, nfa.
That's all for now.
Cheers
Do hit the like button if you like it and sharer your views in the comment section.
Thank you
#PEACE
BTCUSD price analysis: Prospects of intact price increaseBTCUSD is currently trading around 67,957, continuing the recent decline. Despite the pressure on Bitcoin, the long -term prospect is still positive, because it continues to move in the parallel channel.
Looking at the technical indicators, we see that BTC has maintained its position on EMA 34 and EMA 89, signaling the potential for reversing. It is expected that, after checking the lower boundaries of this main canal and the ema, the price increases may continue. This can cause Bitcoin to aim for higher goals, capable of reaching new high levels over 73,000.
What do you think about this view? Do you believe that Bitcoin has enough power to maintain its position in the price increase or is there a stronger risk of decline?
November 5 Bitcoin Bybit chart analysis
Hello
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.
This is the Bitcoin 30-minute chart.
The Nasdaq indicator will be released at 12 midnight tonight.
The purple finger at the bottom left, $66,806,
is the final long position entry point for the Gap7 section in the analysis article from yesterday, November 4.
I marked this section because it could be the start of a bullish train.
*One-way long position strategy when the red finger moves.
The purple finger section 1 at the top is today's navigation. After operating an autonomous short position
1. $68,350.5 long position entry section / stop loss price when the purple support line is broken
or when touching the 3rd section at the bottom when moving sideways ambiguously
2. $70,214 long position target price
When reaching the 70.2K target price, autonomous short position or long liquidation
Returning red finger 1st section long waiting
When adjusting from the current position
If you can't touch the 1st section -> 3rd section final long waiting
When Nasdaq crashes, Bottom -> Open until 65.7K.
Up to this point, please use my analysis articles only for reference and use
I hope you operate safely with principle trading and stop loss prices.
Thank you.
BTCUSD Ready for take-off ??!Hi fellow traders, BTCUSD is ready to make a move higher from the blue box after it completed the flag correction in ABC formation. Try to enter in this area and place your stoploss below the wick. Target will be 74215.50 USD. Good luck and trade safe!
BTCUSD Analysis Today: Technical, Order Flow and On-Chain !In this video I will be sharing my BTCUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your crypto trading skillset. The video is structured in 4 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software, then I will be moving to the on-chain analysis and lastly I will be putting together these 3 different types of analysis.
Watching for market reactionMorning everybody,
So, recent sell-off on stock market and rally of the US yields have made pressure as on Gold as on BTC but thankfully it was short term.
Still, BTC has dropped to the level that we've discussed last time - 67.5-68K. Why is it so special? First is, it stands around the all-time trend line resistance that recently has been broken up. Second is - the K-support level, which makes it rather strong and a great indicator of market's power.
From bullish point of view, we do not want BTC to drop back below it, breaking 65K lows down. At the same time, with elections hysteria environment we suggest to not take any position without confirming patterns. So, our trading plan is to wait for market response to this level. Once we get more or less clear patterns, we could act...
Bitcoin setup I have on 4HR. Should trigger today Sunday.
This is a trade in Bitcoin which could be the one trade of the year trade. Not much time to write about it now as I think its about to trigger along with the lower time frame. Details on chart.
Technical Analysis for BTCUSD***This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision.***
This is an update for the H1 BTCUSD chart. The price was rejected after testing the daily point of control and order block at 69453. Therefore, in my opinion, the price might drop to 67444.0-66,900 to fill the imbalance candle.
trendline break strategythis is a trendline strategy based on resistance and support.good old price action
Bitcoin on the Edge: Major Move Coming Tomorrow? Nov. 4, 2024BTC/USD 1-hour chart, here’s a breakdown for technical analysis heading into tomorrow’s trading:
Trend and Price Action:
Bitcoin appears to be in a descending channel, which suggests a bearish trend in the short term. The price has consistently respected the upper and lower trendlines, showing lower highs and lower lows.
Support and Resistance:
Immediate resistance lies around the top of the channel near $69,000, which Bitcoin recently tested but couldn't break through.
Immediate support appears at around $67,459, as indicated by the red line on your chart.
Below $67,459, additional support may be seen around $66,344, the recent low on this chart.
Moving Averages:
Bitcoin’s price is below the moving averages shown, indicating bearish pressure. The moving averages might act as dynamic resistance if the price attempts a breakout.
Volume:
There has been an increase in volume recently, especially near the support areas. This could indicate potential buying interest, but the volume would need to increase on upward moves to support a breakout from the channel.
MACD:
The MACD shows a slight bullish crossover, which could signal a potential reversal or bounce in the short term. However, for a sustained uptrend, the MACD line needs to stay above the signal line and show increased positive momentum.
Strategy for Tomorrow
Bullish Scenario: If Bitcoin can break above the descending channel, especially with strong volume, it could attempt to reach the next resistance around $69,000 or higher.
Bearish Scenario: A rejection at the channel’s upper boundary could lead to a retest of the $67,459 support, with the potential to drop to $66,344 if bearish momentum continues.
Consider watching for breakouts or breakdowns from the channel, and use support/resistance levels for entry and exit points.
Disclaimer:
This analysis is for informational purposes only and not financial advice. Conduct your own research and consider your risk tolerance before making any trading decisions.
#btcusd #BTC #elliottwave short sell setup 8Nov24 Wave AThis 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.
