Market Recap: Halloween edition + BTC Warning (October 31, 2024)In this video, we look at the monthly closes of a lot of our favorite names to figure out what is potentially next for election season and November20:00by JonaliusPublished 1
Exciting Movement In BTC!!! Watch Me Break It Down!!!I mentioned multiple scenarios but, I sort of cut myself short on the bear scenario #2. This is where climatic activity turns into bearish selling pressure. For bulls we really want to hit the measured move target at $75k that means we have likely broken out. 05:43by JoeRodTradesPublished 4
BITCOIN BULLISH 1-2/1-2/1-2 leading to 100K+?!Based on the current distribution pattern of the shorter timeframes, I think we are going to be putting more slightly more weight to the very bullish, impulsive idea (1-2/1-2/1-2) for this week, based on the current data given. This is because the correction depth required followed by the larger diagonal is losing strength. Of course, we will flip flop back and forth until one of them is achieved, but right now, the only depth of correction achieved is from the immediate pivotal Fib levels.by chase_IDPublished 112
Is the bitcoin rally over? Am I too late?no. usually bitcoin continues to hit new all time highs when it double tops at resistance and breaks through on higher timeframes like the weekly. the daily may be overbought, but look for this to push toward $79k soon.Longby cerealindicatorPublished 1
Take A Guess What Happens Next....Almost every time Bitcoin breaks its HTF trendline, a solid move in the opposite direction occurs. Let's be cautious and use proper risk management to minimize losses and maximize gains. Maybe the 7th trendline break will be different..... Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only. Shortby NavitilityPublished 1
Buy BTCUSD @ 66600 - 65600💎Buy BTCUSD @ 66600 - 65600💎 Wednesday 10/23/2024 02 PM EST Friday 10/25/2024 07 PM EST 63600 StopLoss —> 66650 BreakEven+ TakeProfit 1: 66800 TakeProfit 2: 67000 TakeProfit 3: 67200 TakeProfit 4: 67400 TakeProfit 5: 67600 TakeProfit 10: 68600 TakeProfit 20: 70600 TakeProfit 30: 72600 The Wizard🧙♂️Longby SmartWizardFXPublished 3
BTC/USD Approaches Key Resistance, Eyeing New ATHThe BTC/USD chart shows a strong upward trend, approaching a significant resistance zone. Key levels to note include: 1. Resistance Zone (Green Area): Around 73,814, BTC is nearing a strong resistance area. Breaking above this could lead to a new all-time high (ATH) with potential targets of 90,000 and 100,000 USD per BTC. This suggests strong upward momentum if the breakout holds. 2. Pivot Line and ATH Line: The price has broken through a pivot level and is moving towards the ATH, indicating bullish momentum. The area around 71,400 serves as a pivot, potentially acting as support in the event of a pullback. 3. Support Levels: Primary Support: At around 64,905, this level may act as the first support if a retracement occurs. Demand Zone: Around 56,888, indicating strong buying interest. 4. Projected Path: The drawn projection shows a potential consolidation above the pivot level before making another attempt to break the resistance zone. This path aligns with the anticipation of a breakout if buying pressure sustains. In summary, BTC/USD is testing a key resistance level, with bullish potential for higher targets if it breaks above the zone. The pivot and support lines should be monitored closely for any reversal or retracement. Key Levels: Pivot Zone: 71400 Resistance Lines: 73810, 76370, 85000 Support Lines: 70000, 68000, 64900 previous idea: Longby SroshMayiPublished 4
Bitcoin's Bullish Trajectory: Derivatives Markets Signal The cryptocurrency market, particularly Bitcoin, is experiencing a surge in bullish sentiment, driven largely by trends in the derivatives market. Analysts and traders are increasingly optimistic about Bitcoin's potential to reach and even exceed the $80,000 mark before the end of 2024. The Role of Derivatives Markets Derivatives markets, which allow investors to speculate on the future price of assets, have been a key indicator of market sentiment. In the case of Bitcoin, derivatives like options and futures contracts provide valuable insights into the expectations of professional traders and institutional investors. Recent trends in the Bitcoin derivatives market suggest a significant uptick in bullish sentiment. The open interest in Bitcoin futures contracts, which represents the total number of outstanding contracts, has been steadily rising, indicating growing interest from market participants. Additionally, the implied volatility of Bitcoin options, a measure of market uncertainty, has been elevated, suggesting increased expectations for price swings. The Trump Factor: A Potential Catalyst A significant catalyst for Bitcoin's bullish run could be the potential election of Donald Trump in the 2024 U.S. presidential election. Trump's pro-business stance and his previous support for cryptocurrencies have led many to believe that a Trump presidency could be positive for the crypto market. If Trump were to win the election, it could lead to increased regulatory clarity for cryptocurrencies in the U.S., which could attract more institutional investors to the market. Additionally, Trump's policies could stimulate economic growth, which could indirectly benefit Bitcoin and other cryptocurrencies. Technical Analysis: A Bullish Outlook Technical analysis of Bitcoin's price chart also supports the bullish outlook. The cryptocurrency has been forming higher highs and higher lows, a classic bullish pattern known as a bullish uptrend. The recent breakout above the $72,000 resistance level has further strengthened the bullish case. Many analysts are now setting their sights on the $80,000 level, and some are even predicting a six-figure price target for Bitcoin in 2025. If Bitcoin can maintain its current momentum and break above the $80,000 level, it could trigger a significant price rally. Potential Risks and Challenges While the bullish outlook for Bitcoin is strong, it is important to acknowledge the potential risks and challenges that could impact the cryptocurrency's price. These include: • Regulatory Uncertainty: Changes in regulatory policies could negatively impact the cryptocurrency market. • Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur. • Economic Downturn: A global economic downturn could lead to a sell-off in risk assets, including Bitcoin. Conclusion The convergence of bullish factors, including the positive sentiment in the derivatives market and the potential impact of a Trump presidency, has created a strong foundation for Bitcoin's continued upward trajectory. While challenges and risks remain, the potential for Bitcoin to reach and exceed the $80,000 mark in 2024 appears increasingly likely. Investors should conduct thorough research and consider their risk tolerance before investing in Bitcoin or any other cryptocurrency. Longby bryandowningqlnPublished 2
Bitcoin Weekly Chart~Heading to ATHFlag pattern Current impulsive wave could potentially never go back, but I won’t chase the price. Wait for pullback. There is a unmitigated FVG confluent with 0.786 FIBO retrace. Longby jackxzonePublished 226
BITCOIN TREND PIVOT With all the geo-political noise it's easy to get caught up in the low timeframe madness. Zooming out and looking at the High timeframe structure, things get a little simpler... For me, BTC has been in two different smaller phases within a larger bullflag pattern. Phase one is the bearish part of the bullflag where price prints lower highs and lower lows , this lasted for 150 days with a pivot once price wicked into the bullish OB @ $50K. From that pivot point the second phase started and it's where we are now. Once we got our first higher low the new bullish trend began, higher lows and higher highs followed and continues on until now. Now the interesting part is how BTC has broken out of the bigger bullflag pattern and that's shown by the X's and ^'s on the chart. In recent days BTC has broken out of the bigger bullflag pattern as shown by the tick where price rejected off the '21 ATH and retested what was formerly trend resistance and now support after a successful bullish reaction off that level for the first time in 8 months. Price is now at the highs with the US election around the corner and %16B FTX repayments on the way , can BTC go one step further and make a new ATH? Time will tell but for now the structure is the most important thing. Higher highs and higher lows, that's it. by ProR35Published 2
BTCUSD 74500$-75000$After breaking the previous high, Bitcoin made a retest and started a new bullish consolidation. We also see a break of the upper trend line and a strengthening of the bullish momentum. Everything indicates that we will visit the ATH zone again and attack it to create a new one. The target is -0.618% Fibonacci level and $74600. It would be nice to see Bitcoin at $80,000 in December, and maybe even earlier.Longby Aleksin_AleksandarPublished 3
Bitcoin is Dead.. Don't Chase It Please..This 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.Shortby alibadshah88Published 3
BTC Tricks & Treats: Will We See 100K? Will Bitcoin hit the ghostly 100K milestone? This chart playfully shows the journey, with BTC carving out its path like a Halloween pumpkin, aiming for the top with some holiday spirit. Happy Halloween to all HODLers! 🎃👻by HexaTradesPublished 7
BTC: 150-160K by 2025 First Quarteri think consolidation will continues by september above 56K and with a final target around 150-160K in some cases 180K by first quarter of 2025. (invalidation break under 56K) good luckLongby arvine11Updated 2210
Bitcoin: Cup and Handle Breakout PotentialBTCUSD technical analysis update BTC has formed a Cup-and-handle pattern on the weekly chart over the last 1,100 days and is currently trading at $67,000, approaching a key resistance level. A breakout above this resistance would signal a potential upward trend. Once the breakout occurs, we could see a strong bullish move, with the potential for a 100% to 200% increase. Regards HexaLongby HexaTradesUpdated 2213
Bitcoin Seeks Support After Drop: 1H Chart Analysis In this 1-hour Bitcoin chart, we see a downward trend that has pushed the price to the $67,000 range, with potential support around $65,000. The exponential moving averages (EMA) at $68,186 and $67,674 are positioned above the current price, signaling continued selling pressure. However, a short-term rebound may occur, with the price possibly reaching around $66,500 before attempting a stronger recovery. This is not investment advice, and I could be wrong in my analysis.Shortby OscarUrbinaUpdated 224
BTC going up Don't wait to fomo in at 50k ,, "they" will attempt to take your sats before they are ready to make it pump steady . Longby efelix48Updated 119
BTC hodl my beerZero doubt the fed will be forced to start cutting rates second half of this year. Only hard assets will survive. Anything priced vs. BTC will look bad.Longby efelix48Updated 117
Bitcoin #Short 1W againIf look previously moved price we can see (RSI) indicator Timeframe 1W Now RSI over bear and it's only time to big correction. If you believe to you long, will attention. #short #BitcoinShortby LORDSAXAPublished 114
The last bullish chance of Bitcoin in mid-term !!Currently, it can be said that Bitcoin has completed its fourth corrective wave and from now on, the price can be expected to rise to the top of the triangle. If the triangle breaks, we expect a new ATH to occur, but in new year. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Longby CobraVanguardPublished 1159
Bitcoin the Dominatrix: Leading the Crypto Charge💥👑 Bitcoin the Dominatrix: Leading the Crypto Charge 📈⚡️ Hello everyone! Bitcoin is asserting its dominance yet again! Following a period of geopolitical turmoil, Bitcoin has not only held steady but has begun pushing through resistance near $69,000, underscoring its strength and growing market share compared to altcoins. Dominance Highlights: Bitcoin vs. Altcoins: Bitcoin is up 1.43%, while Ethereum lags at 0.49%, and altcoins overall are down 0.9%. This trend reflects Bitcoin’s expanding “dominatrix” role in the crypto space, capturing a larger slice of the market with every price rally. Safe Haven Status: Like gold, which is also hitting new highs, Bitcoin is behaving as a safe-haven asset, especially appealing in volatile times. Investors continue to favor it for stability, and its price action is suggesting a potential next target of $79,000, with further levels to monitor. Future Price Potential: As we look toward 2024, Bitcoin’s path may lead it to all-time highs, with targets of $115,000 and even $160,000 on the horizon, as post-election market movements often fuel further growth. Bitcoin’s strength is undeniable, but resistance levels should be watched closely for those trading this wave. With each step, Bitcoin solidifies its role as the leader in crypto. One Love, The FXPROFESSOR 💙 Charts: Bitcoin Dominance 15m : Bitcoin Dominance 4h: Bitcoin: Alts Total3: Long05:41by FX_ProfessorPublished 117
Hold 67k => next stop is 120k. The bull flag has not been invalidated. Election FUD will stop in two weeks. I'd be happy to accept the 120k BTC as a Christmas gift. I had a vivid dream of seeing BTC trading at Nexo for 105k. Thought it was a bug and had been trying to dump it, but they've halted trading. I went to check the price at other exchanges and realized BTC had pumped right to 120k in a single day. Felt so good. Realistically, the best play right now is to dump and wait for 70k. The 69k acts as a resistance for some reason, and If we go back to the lower side of the range and fail to hold it (65k - 67k currently), then that's bad news. At that point, you may want to flee into the stables, but the price is already 5-6% lower than now. BUT the problem is if I sell now, I'll be reluctant to buy back in the 70k - 74k range. While we're above 67500, 1H 4H 1D 7D all look bullish. At around 67k, 1H 4H 1D turn bearish. With that in mind, I'm holding for now. Any weakness towards 67k - I'm out. LFG!Longby elefesPublished 1