#btc #btcusd #elliottwave short sell setup 27Oct24 wave 2This 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.
BULLUSD trade ideas
Tick-Tock-Tick: Time to Harvest the Oranges: Bitcoin🍊
It seems like everything is planned this time. With the clock ticking steadily, Bitcoin is set to climb to the $80,000 mark in just about 10 days. Yes, you heard that right, it’s harvest season! I’m calling this level the "orange-picking" zone. Think of it as the final harvest before winter because this peak isn’t likely to last very long.
After the oranges are picked—roughly 15 days later—Bitcoin is expected to start its freefall. The target? $57,666. That number might sound like a joke, but let’s be real, the markets don’t take themselves too seriously, so why should we? Imagine this dip like a kid speeding down on a trampoline—every drop just might signal the next big bounce.
Of course, the real bottom journey will kick off between December 2024 and January 2025. We’re looking at a hibernation phase around the $56,666 level. But don’t worry, it’s just a short winter nap; after all, it hasn’t been that long since the oranges were picked, right? When it’s time to rise again, Bitcoin might just bloom like a spring flower.
So, buckle up for this ride because the drops are going to be steeper than the climbs. After we pick our oranges, let’s be ready for those cold winter nights. Remember, in this market, everything is planned, but nothing is predictable. Tick-tock-tick… the clock keeps ticking!
LOOKS LIKE AN ATTACK ON ATHThis is a clean break and support on a bullish order flow...btc is looking prepared to attack ATH...God's speed traders
Bitcoin’s Journey: A Surge in the Making?Bitcoin, the world's largest cryptocurrency, has been a focal point for investors and traders alike since its inception. Over the years, it has experienced numerous cycles of bullish surges and bearish pullbacks, each one contributing to the digital asset's growing market maturity. As we approach the final months of 2024, many are questioning where Bitcoin is headed next. Is it about to repeat its historical uptrends, or will it falter amidst uncertainty?
While I may not be a popular voice in the financial community nor trying to predict the future, I believe there's something unfolding that is worth sharing with the wider crypto audience. My analysis is based on historical patterns and technical insights, specifically drawing from key trends that Bitcoin has exhibited since 2017.
Horizontal Support and Resistance Levels: The Backbone of Market Movement
When looking at the chart, one of the most immediate elements that stand out are the horizontal lines, which represent significant support and resistance levels. These are price zones where Bitcoin has historically either reversed or hesitated, indicating their importance in the market's psychology.
Over time, these levels have been tested multiple times. For example, the $60,000 to $65,000 range has served as both a ceiling (resistance) during previous bullish rallies and as a floor (support) when prices have dropped. The ability of Bitcoin to consistently interact with these horizontal zones suggests that they play a critical role in determining where the market will go next.
The Upper Trend Line: A Long-Term Perspective
Beyond these horizontal levels, there is a major upward trend line that connects several of Bitcoin’s higher price points over the years. This line is a reflection of Bitcoin's long-term trajectory — steadily increasing despite the many volatile swings in between. Every time Bitcoin’s price pulls back, it doesn’t fall too far before it once again starts climbing toward this trendline, proving its resilience and long-term growth potential.
As this line stretches further into 2024, it intersects with Bitcoin’s current price action. The market’s behavior near this line could be telling; a breach above it may signal the beginning of another substantial upward trend.
The Potential Breakout: A Circle of Interest
One of the most crucial aspects of this chart is the area marked by a green circle. This is where I believe Bitcoin is preparing for its next major movement. Based on historical price action, it appears that within the next one to two months, Bitcoin could surge dramatically, potentially breaking past previous resistance levels. The circle captures the convergence of several technical indicators, including the horizontal price zones and the upward trend line, which both suggest a confluence of bullish factors.
However, I am not here to convince anyone that this analysis is a crystal ball into the future. Rather, this is my personal observation of how the market might behave, given the technical patterns that have unfolded over the years. Whether or not Bitcoin follows this predicted path remains to be seen, but the indicators certainly provide a compelling narrative for potential price appreciation in the near term.
The Unknown: No Guarantees in a Volatile Market
It’s important to remember that the cryptocurrency market is notorious for its unpredictability. Even with years of data and sophisticated technical analysis, no one can guarantee with absolute certainty what Bitcoin will do next. External factors — ranging from macroeconomic shifts to regulatory announcements — can always derail technical predictions. That being said, technical analysis serves as a valuable tool for identifying potential trends, and right now, Bitcoin’s chart is signaling something significant is on the horizon.
Conclusion
As Bitcoin hovers around critical levels, all eyes are on its next move. The combination of historical support and resistance, long-term upward trends, and a potential breakout zone suggests that Bitcoin might be gearing up for an explosive rally within the next few months. Whether this surge materializes or not, one thing remains clear: Bitcoin is at a pivotal moment in its market cycle, and the weeks ahead will likely provide traders with a clearer sense of where it’s headed next.
In the end, while I am not claiming to have all the answers, this analysis reflects what I see happening on the horizon. As always, it's crucial for anyone engaging with these markets to approach with caution, but also with curiosity. After all, the beauty of the crypto market lies in its endless potential for surprises.
BTC setupBitcoin is poised to close another weekly above the key trend breakout. With a full candle body above this is bullish. We will have to wait until Sunday close to be sure, I had a feeling the downside wick would come and it got eaten up pretty nicely. This gives us a nice reset of the daily stochastic RSI and will allow for a larger run on the weekly. We are just a mere 8-9% from all time highs.
My plan:
I already have my bags packed on BTC/Alts. I plan to continue to sell covered calls against my CLSK when it pumps hard, I will buy CONL shares and sell puts on that as well. I would love a test of 80k by thanksgiving .
BTCUSD Downside Target 66377Sell BTCUSD at current label 66860 for the target of 66377 with a small stoploss 67111
BTC/USD Possible Sell Continuation The past two weeks have been bullish for BTC/USD, considering current market structure with recent lows been taken out, we are likely to see Bitcoin sell to the 65800 zone.
Bitcoin Price and Time Analysis (New ATH or New Bearish Move?)The chart shows Bitcoin's price movements on the daily timeframe, since ATH. The analysis focuses on the recent corrective phases and potential scenarios ahead. Following the significant corrections, two main outlooks are possible, but at this stage, a definitive conclusion is elusive. Therefore, we will concentrate on the latest movements since the $49,500 low.
Three upward waves are observed, yet they appear corrective rather than impulsive. Each wave exhibits a three-wave structure, suggesting a corrective nature. The last wave's overlap with the first wave's territory reinforces the possibility that all three waves are corrective, potentially signaling a bearish reversal soon.
The second wave is about 5% less than the first wave, and thus, if we have the same expectation for the third wave as the second, the end of the third wave is exactly in the range of the 0.114 Fibonacci level, which aligns with the resistance area between $70,000 and $72,000. This Fibo was drawn from the all-time high to the $49,500 low. Historically, psychological factors often reinforce resistance at these levels, increasing the chances of rejection.
On October 20, the price managed to break above the descending trendline, but this turned out to be a false breakout, as it quickly fell back below the trendline. I anticipate a stronger breakout, accompanied by consolidation above the trendline, which could attract more buyers before potentially starting its downward move.
In terms of timing, a time-based analysis has been applied from the first low to the second low, with the 2.0 extension accurately predicting the next bottom(with a difference of 1 or 2 candles). Extending this to the highs projects a potential peak around October 30. Therefore, a possible reversal is expected between October 28 and October 31, as indicated by the blue vertical lines on the chart.
Several fundamental events are scheduled within this time frame, such as the "JOLTs Job Openings," "GDP Growth Rate QoQ Adv," "Personal Spending MoM," "Personal Income MoM," and "Core PCE Price Index MoM." While their direct influence on Bitcoin might be limited, the coincidence with the projected reversal window adds further significance to the analysis.
The chart also shows that each of the previous peaks had reversal signals like spinning top patterns, which have previously played out effectively. Confirmation of the current bearish scenario will require a similar reversal signal or indecision pattern, such as another spinning top or bearish candlestick pattern, to form in the resistance zone.
BTC long term viewIN my view BTC could make an ATH @83,5 k in 2025 and then perform a massive bearish wave to 32k area where bullish long term trend could restart to tp 145k in 2026-2027
BTC updated ideaIn my view BTC will retest the ATH @ 73,5 k before a deep correction to 55-58k area, printing a cup and handle pattern. Then a massive bullish wave will move BTC to target 97,4k in feb/march 2026
BTC for weekendsthis is just analysis for BTC in weekend market. as i am in short till 62000 but there will be bullish moment in weekend for almost 700 points and than again downside move will be starts.
BTCUSD clear set upMorning traders I decided to analyze BTCUSD again in order to find clear trend,according to my view this accumulation formed is a strong bullish flag that is representing more buys coming not a down trend,buyers are in control of the market,there is no sign at all of selling pressure but there is bullish flag that's our first confirmation of buys however we don't control the market and we don't know when makert is gonna pick n move to the directions but I believe alot of traders they are buying, its shifting to the upside already soo 80k is likely to hit this coming week,avoid selling by all means n stick to the trend thanks.
Bitcoin chartSome wave counts for fun. These are "Newsome Theory" waves. But I SEE THEM. And this chart is really nice. My target is $88,888.88 which is where I sell most of my BTC again.
Locking in NICE gains
PEPEUSDT SELL ANALYSIS RISING WEDGE PATTERN Here on Pepeusdt price form rising wedge pattern and like to fall if price reach line 60380 then going for SHORT is needed with targeting profit of 54039 and 47262 . Use money management
BTCUSD SELL ANALYSIS RESISTANCE ZONE Here on Btcusd has from a resistance around level of 67524.4 and is likely to go down as more seller will come and push the price down so trader should go for SHORT with expected profit target of 62522.0 and 56088.2 . Use money management
Looks corrective.Was hoping we could get enough separation to suggest a macro impulse wave, instead this looks really corrective. We already had what looked like a liquidity dip, and am remaining long for now. The market tries to give everyone what they want, even if it's just for a minute.
If we get an 8 hour candle to close below the white line, around 60k, I'm going to take a bunch of profits and have about a 5.5% stop loss before jumping back in. Getting tired of paying taker fees and getting swept with stop-limit orders. So going with this 8 hour candle bit.
Probably will let it roll until it gets lower in range or we start getting reversal signals.
Correction It is expected that after some fluctuation and correction, we will see the continuation of the downward trend. If the price crosses the previous ceiling range, the downward trend will be canceled and the continuation of the upward trend will be possible
BTCUSD LongBruh! This might hit big. i have much bigger position here.
This is not a financial advice
The nearby outlook for Bitcoin. Good! But not as good on Daily
This is the Daily and Weekly Charts for Bitcoin.
Both charts have price situated above their 200EMA's (sloping upwards) and this demonstrates a bullish uptrend, the EMA stack is also in correct order with 8EMA stacked on top.
The only thing contrary I found is a short-term Daily bearishness for Bitcoin depicted in the MACD. This simply means that price needs to find support around the 21 EMA, 34 EMA or 55EMA, support which you can see in recent history on the bitcoin chart.
US Spot Bitcoin ETFs Reverse Inflow StreakMarket Update - October 25, 2024
US spot bitcoin ETFs saw $79 million in net outflows Tuesday, reversing a seven-day inflow streak that had brought in over $2.6 billion: The outflows came mainly from Ark and 21Shares' ARKB fund.
Bitcoin prices inched closer to $70,000 at the start of the week when futures open interest surged to over $40 billion: But prices subsequently pulled back mid-week as investors pared their gains.
Tether’s USDT has hit a record $120 billion market cap, which could set the stage for a bullish October finish in the crypto market: Historical trends suggest that a rise in stablecoin supply can precede rallies in bitcoin and ethereum.
Bitcoin's hashrate has reached a new peak of 703 EH/s, a 6% gain over the past week: This surge coincides with higher mining profitability as transaction fees rise and Bitcoin's price strengthens.
Binance exec leaves prison: Binance’s Tigran Gambaryan was released from Nigerian prison Wednesday so he can receive medical treatment for the numerous ailments he suffered while in captivity.
US Spot Bitcoin ETFs Record $79 Million in Outflows, Ending Seven-Day Inflow Streak
After a week-long run of positive net inflows, US spot bitcoin ETFs reported a shift back to the negative on Tuesday, with net outflows totaling $79.09 million. It was ARKB fund from Ark and 21Shares was responsible for the entirety of these outflows, losing nearly $135 million. Despite the overall outflows, some funds still recorded gains. BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, attracted just under $43 million, while Fidelity’s FBTC saw $8.85 million in inflows.
The recent outflows bring the cumulative net inflows for the 12 spot bitcoin ETFs down to $21.15 billion as of Tuesday. Trading activity also slowed, with the total daily volume for these ETFs declining to $1.4 billion from $1.76 billion the day before. This reversal comes after the ETFs saw more than $2.67 billion in net inflows over the past seven trading days, a figure similar to their peak inflow levels recorded in March this year.
Spot ether ETFs saw more positive activity, with net inflows of $11.94 million on Tuesday – all from BlackRock’s ETHA. Other ether ETFs recorded no change. Trading volume for ether ETFs also noticeably dropped to roughly $118 million on Tuesday, down from around $163 million the previous day.
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BTC🚀📈 It seems that the chart is showing strong positive signals! With the current analyses, I believe the upcoming targets are within reach. Stay tuned for the next move! 💹✨
