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Bitcoin Eyes $75K as Double Bottom Pattern ConfirmsBitcoin ( CRYPTOCAP:BTC ) has recently formed a double bottom pattern on its price chart, confirming a significant reversal in trend and strengthening bullish sentiment among investors. The two base levels of this pattern correspond to $49,000 and $51,000, signaling a potential target of $75,000. This technical formation, resembling a "W," is often a precursor to substantial uptrends, giving further weight to the positive momentum building around BTC. Technical Analysis: Bullish Indicators Line Up for CRYPTOCAP:BTC The double bottom pattern on Bitcoin’s chart suggests that the asset has completed its downtrend, with the recent breakout above the previous peak indicating further upside potential. Currently trading at $69,000, CRYPTOCAP:BTC appears set for continued upward momentum. Beyond the double bottom, additional bullish patterns are forming: a “Three White Soldiers” candlestick formation, consisting of three consecutive bullish candlesticks, and the possible emergence of a golden cross, a pattern where the 50-day moving average crosses above the 200-day moving average. These indicators, when combined, paint a powerful picture of a market ready to climb higher. With the next resistance zone between $72,000 and $75,000, a push above this range could ignite a rally with a new target of $100,000. BTC’s movement above key moving averages and the clustering of bullish patterns provides robust technical evidence for this optimistic trajectory. Institutional Inflows and Rising Adoption Bitcoin’s technical setup is bolstered by strong fundamental support, especially with heightened interest from institutional investors. Over the past month, Bitcoin’s capital inflows surged by 3.3% to $21.8 billion, reflecting increased investor confidence. This influx has driven Bitcoin’s Realized Capitalization to a substantial $646 billion, signaling a shift in sentiment as institutional players show renewed interest in the crypto asset. Adding to the bullish momentum, Bitcoin spot ETFs saw a net inflow of $998 million from October 21 to October 25, with BlackRock’s IBIT leading with a massive $1.15 billion inflow. Although the ARK 21Shares ARKB ETF experienced a $206 million outflow, the overall demand for Bitcoin ETFs remains strong. By comparison, Ethereum spot ETFs reported a net inflow of $78.89 million during the same period, underscoring the sustained institutional focus on Bitcoin as a long-term investment vehicle. A Super Cycle in the Making? As adoption rates increase and Bitcoin’s narrative shifts towards becoming a global reserve asset, some analysts believe that BTC may be entering a “super cycle.” This concept suggests that Bitcoin could break free from its historical four-year cycles, moving toward more sustainable growth patterns that align with traditional financial assets. With adoption, institutional interest, and hash power surging, Bitcoin is gradually maturing into a critical component of the financial landscape. Conclusion Bitcoin’s recent double bottom pattern, combined with strong technical indicators and substantial fundamental support, points to an imminent rally. With BTC’s current trading levels and the critical $75,000 resistance in sight, a breakout could signal a larger upward movement, potentially reaching $100,000. As Bitcoin ( CRYPTOCAP:BTC ) moves closer to integrating with mainstream financial markets, the bullish sentiment appears well-founded, driven by both technical and fundamental indicators that suggest BTC’s next chapter could redefine its role in global finance.
Long
by DEXWireNews
BTCUSD - Above all important DAILY moving averagesGreetings friends! Happy to see you after a few weeks hiatus. Here to do a quick 5 minute update on BTCUSD. Plain and simple, we're about to have a major break in structure as btc is coiling right below the major pivot from July 29th at ~$71,000 - if we break that high, the flood gates are likely to open and we could see a move up to ATH and if we break that, the next target is roughly $84,000. There's no price discovery above ATH so it's possible we make volatile moves and things can move quickly. FYI - alts are currently lagging behind but they'll have their day - you may just need to wait a little longer. More details in the video, obviously, but thanks for reading / watching and I hope you're having a great day!
Long
by bitdoctor
Following lines interpretation of the patterns Good evening sirs , today we will be doing analysis of candlesticks with pivot points and cycles. Please be sitting in your seats to receive it well better! for further instructions see attached notes see attached notes for further instructions see included instructions for notes to further instructions see further instructions for attached notes regarding further instructions on how to see attached notes (that may or may not contain) further instructions.
by Tech-Temptress
BTC: Imminent Breakout with Final Swing Trade OpportunityA breakout for BTC is on the horizon. We’ve seen a small breach of the upward trendline, and with momentum building, we’re now watching closely for a decisive break of the upper trendline. If this happens, Wave 4 will be complete, leaving only Wave 5 of 5 of 5 remaining. Once a full open and close above the trendline is confirmed, I’ll be going long, planning to ride it until Wave 5 completes. This could be the final swing trade of the season before a lengthy corrective phase sets in—a potential year-long winter of correction. If you’re looking for a last big trade before the market cools, now’s the time to prepare.
Long
by cryptechcapital
1
Market overviewWHAT HAPPENED? Last week, as expected, we broke through the sloping line and started a downward movement. Only the strong volume zone of $66,000-$65,100 (volume reaction), which we noted, could stop it. After receiving a reaction from the buyer, bitcoin was trading sideways for the rest of the week. WHAT WILL HAPPEN: OR NOT? At the moment, we’re above the formed zone of maximum volumes of $67,500-$66,800. There is a high probability of testing the levels formed above. The cumulative delta is also on the side of the "bulls", the same pattern of absorption of market sells by limit orders is noticed. We consider changing the scenario to a downward one only with a true breakdown of the local minimum of $65,250. Buy zones: $67,500-$66,800 (maximum volume of the sideways range), $63,100-$62,500 (mirrored volume zone), $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone). Sell zones: $70,000 level (seller market activity), $72,000 level (seller market activity). IMPORTANT DATES • Tuesday, October 29, 14:00 (UTC) — publication of the US consumer confidence index for October and the number of open vacancies in the US JOLTS labor market for September; • Wednesday, October 30, 9:00 (UTC) — German GDP publication; • Wednesday, October 30, 9:30 (UTC) — press conference of the Swiss National Bank; • Wednesday, October 30, 10:00 (UTC) — the UK autumn budget forecast; • Wednesday, October 30, 12:15 (UTC) — publication of changes in the number of people employed in the non-agricultural sector from the US ADP for October; • Wednesday, October 30, 12:30 (UTC) — publication of US GDP for the 3rd quarter; • Wednesday, October 30, 13:00 (UTC) — publication of the German consumer price index for October; • Thursday, October 31, 1:30 (UTC) — publication of the index of business activity in the Chinese manufacturing sector for October; • Thursday, October 31, 3:00 (UTC) — announcement of Japan's interest rate decision; • Thursday, October 31, 10:00 (UTC) — publication of the consumer price index in the Eurozone for 2024; • Thursday, October 31, 12:30 (UTC) — publication of the basic price index of US personal consumption expenditures for September and 2024, as well as the number of initial applications for US unemployment benefits; • Friday, November 1, 12:30 (UTC) — publication of average hourly wages, changes in the number of people employed in the non-agricultural sector and the US unemployment rate for October; • Friday, November 1, 14:00 (UTC) — publication of the index of business activity in the manufacturing sector from the US ISM for October; • Friday, November 1, 14:45 (UTC) — publication of the index of business activity in the US manufacturing sector for October. *This post is not a financial recommendation. Make decisions based on your own experience.
by Crypto_robotics
RAG-GPT-4o run-time > 10.000 data The current market conditions for Bitcoin (BTC) present a complex scenario. With no open positions currently, we have the flexibility to capitalize on short-term price movements over the next 8 hours. The bullish sentiment driven by political factors and options market predictions suggests potential upward momentum. However, technical indicators across multiple timeframes indicate overbought conditions, which could lead to a pullback or consolidation. Data Analysis Open Interest: Moderate increase, suggesting growing trader engagement. Weighted Funding Rate: Positive, indicating a slight bullish bias. Liquidation Data: Recent spike in long liquidations, signaling caution for new long entries. Binance Data Trading Volume: Consistently high with significant buy-side pressure. Expert Predictions: Potential continuation of the bullish trend but with caution due to overbought technical indicators. Analysts: CryptoCapo and RektCapital suggest waiting for a pullback before entering new long positions. CoinMarketCap Data 24-Hour Trading Volume: $45 billion. Circulating Supply: 18.7 million BTC. Market Cap: $1.28 trillion. Analysis: Volume spikes in the 1m and 8h intervals indicate active trading, supporting short-term scalping opportunities. Sentiment Analysis Market Sentiment: Predominantly bullish. Top Sentiments: "Bullish" and "FOMO". Implication: Aligns with market optimism but suggests potential volatility if sentiment shifts. Technical Analysis RSI: Overbought conditions across most timeframes, particularly on the 1h and 4h charts. MACD: Shows bullish momentum. Close to a potential bearish crossover on the daily chart. ADX: Indicates a strong trend on shorter timeframes, supporting the bullish outlook. Bollinger Bands: Price proximity to the upper band on the daily chart warns of a possible pullback. Key Levels: Support: Around $67,500. Resistance: At $69,000. Recommendation: Focus on short-term scalping opportunities while being prepared for potential reversals. Avoid entering long positions at resistance levels and consider shorting if bearish signals strengthen. Summary Given the mixed signals from technical indicators and bullish market sentiment, a cautious approach is warranted. The strategy should capitalize on short-term opportunities while remaining vigilant for signs of a reversal. Monitoring key technical indicators and market sentiment closely will be crucial for successful trades. Trade Recommendation Outcome: OPEN_SHORT Confidence Level: 78% (65%-90%) Current Price: $68,637.99 Stop Loss: $69,200 Take Profit: $67,800 Exit Point: $67,900
Short
by titankarma
BITCOIN is the KING and upward movement is highly expected!Technical analysis and trade plan by Blaž Fabjan Support and Resistance Levels: Resistance Levels: 72,198.87 USDT 68,556.87 USDT 64,591.15 USDT Support Levels: 66,333.98 USDT 61,758.48 USDT 60,301.68 USDT 56,902.49 USDT The key levels indicate potential areas where price action could face resistance or find support, which might serve as entry or exit points. Indicators: Wave Cipher Divergences: Wave Cipher shows divergences suggesting a possible upward momentum. Positive divergences with green dots could imply bullish continuation. Relative Strength Index (RSI): RSI currently reads 55.19, indicating a neutral zone, leaning slightly bullish if it moves towards 60. This suggests Bitcoin isn't overbought or oversold and could continue a gradual trend. Stochastic Oscillator: The Stochastic shows a value around 70.52, close to the overbought region (above 80). If it breaks further upward, it may signal an overbought state, potentially leading to a correction. Hull Moving Average (HMA): HMA appears to trend slightly downwards, showing a bearish trend in the short term. The value of -6.58 indicates a bearish momentum, which may warn of a potential short-term pullback before any significant uptrend resumes. Price Action: The chart shows a potential breakout attempt around the 66,333.98 USDT level, where price action previously tested and retraced. A consolidation near this level could suggest that bulls are preparing for an upward push, especially if price breaks above 68,556.87 USDT. Volume Analysis: Volume shows a steady, moderate increase, supporting the upward trend. This moderate volume increase without large spikes could imply gradual accumulation rather than distribution. Trading Plan Long Position (Bullish Scenario) Entry: Consider entering a long position if the price breaks and holds above the 68,556.87 USDT resistance level with volume confirmation. Stop Loss: Set a stop loss slightly below the 66,333.98 USDT support level to mitigate risk in case of a false breakout. Targets: Target 1: 72,198.87 USDT — aligns with a strong resistance level and provides a conservative target. Target 2: 75,553.67 USDT — the next significant resistance level, offering a favorable risk-to-reward ratio. Short Position (Bearish Scenario) Entry: Consider shorting if the price fails to hold above 66,333.98 USDT and shows bearish confirmation, such as a breakdown with high volume. Stop Loss: Set a stop loss above 68,556.87 USDT to avoid risks from potential false breakdowns. Targets: Target 1: 61,758.48 USDT — a nearby support level that provides a logical take-profit point. Target 2: 60,301.68 USDT — serves as a secondary target if the bearish trend strengthens. Risk Management: Given the proximity to resistance and support levels, using a risk/reward ratio of 1:2 or higher is advisable to maintain favorable trade setups. Monitor Divergences: Keep an eye on divergences in the Wave Cipher, RSI, and Stochastic Oscillator for potential trend reversals or continuations. News and Market Sentiment: Be mindful of broader market sentiment and news events, as these can influence Bitcoin's price behavior, particularly near key levels. This trading plan provides a structured approach to capitalize on potential breakouts or breakdowns, balancing both bullish and bearish scenarios.
Long
by elfabiiani
1
10.28 Whale Indicator (predicted USD 1200 rise, congratulations)Hello, I'm Whale Signal Through the last point of view, you were able to predict a 1,200-dollar rise and a 1,900-dollar rise We will continue to do our best to analyze trends so that you don't miss useful information that can generate profits despite market volatility First, let's look back on the last analysis In the last analysis, we said that the support line of the white whale indicator would be an important defense point, but it continued to rise with a press at the hour mark There was a very slight departure from the first candle, but the opportunity to buy the retest was again offered within the range of the hand's end, and I told you to keep an eye on the 68.5-69K range if the uptrend continues We explained that this is because this is a section where there is a possibility of disappointing sales if the head-and-shoulder pattern and Dow theory fail to break through the high point As a result, Bitcoin has seen a sharp decline, leaving a tail around 68.7K Those of you who have referenced my analysis have the opportunity to expect a return of about $1,200, and if it has helped you with the sale, I would like to congratulate you from the bottom of my heart Subsequently, a downward break from the support of the white whale indicator at the one-hour bar after receiving resistance led to a drop of about $1,900 in the next candle retest segment In a previous article, I mentioned a strategy of maintaining a loss line in the event of a departure from the white whale indicator, implementing some blade and main liquidation, and continuing to hold the remaining volume For those who have sold under this strategy, it is believed that it would have been possible to liquidate the partial day and the main account However, if further guidance had been made on the support section below, it would have been more profitable There were some regrets due to the long bottom tail, but as a result, I think we shared a good trading strategy Let's move on to today's analysis ⚠️Btcusdt - 1H Bitcoin has been seen going sideways over the weekend in a breathtaking segment Now, a week before the U.S. presidential election, there is a possibility that there will be a move to confirm the direction in the market Currently, Bitcoin appears to be forming a convergence pattern If this convergence is correct that it is progressing, we need to look closely at whether it breaks through the previous high or if it deviates from the previous low or if it can support it without In particular, if the upper resistance trendline and previous high breakthrough are confirmed, more attention will be paid to the important "core interval" in the whale indicator This is because we believe that the key section can be an important gateway to open up new market trends in the future In addition, we will carefully watch for the breakaway from the low, as trading volume has been on the defensive lately, whether it is triangular convergence or not If the trend continues to break lows in Dow theory, we need to focus on the sell-off segments below The whale surface area plans to respond flexibly based on specific trend lines in this situation (I've shared important sales tables that I must check today, so please check them out when you have time.) *I don't share a point of view. It's a personal opinion, and the whale indicator simply points to support and resistance. I hope you guys take a RBI single through the whale indicator in your analysis* *For more detailed analysis and real-time updates, please check the real-time chart sharing guide link below* <> 1. The whale indicator simply points to support and resistance 2. Please refer to the whale index to find a trading RBI suitable for your analysis 3. The shape of the rod finish is important for whale indicators, so checking the closing rod helps with a stable trading strategy 4. Whale surface intensity is in the order of purple > orange > white, with purple surface indicating the strongest support and resistance
by Whale_signal
BTC/USDT.P UpdateNew week, new start. Here we are closing the week without any new bullish momentum which makes me suspect we are gonna need to seek out more liquidity before breaking above this trend line level. I've in this daily tf chart marked potential levels of where it could retrace to. It would be a swing trade or you can see this as potentially building your position before the bull rally starts to finally break that ATH into price discovery. I still think you need to trade with risk management regardless, because there are a lot of potential event volatilities coming up in the near future. I'll be scalping more in streams and swing in these market updates. Trade safely!
Short
by Nate36989
Why Smart Money is BEGGING for a Bitcoin Dip (Technical Analysis📈 Why Smart Money is BEGGING for a Bitcoin Dip (Technical Analysis) MAC Strategy: Your Dip-Buying Blueprint Monthly and weekly Moving Average Channel indicators are bullish. Here's your shopping list: - Weekly MAC support: $59,234 - Monthly MAC support: $55,943 These aren't dips - they're gifts. When Bitcoin touches these levels, smart money moves fast. Ducks in a Barrel Strategy Says "Load Up" Weekly timeframe say we want to buy the dip. : - 39 & 52 week MAs trending up and pulling away from each other (bullish momentum) - Strong uptrend intact in spite of the several months of consolidation.. Perfect storm setup for Ducks in a Barrel: 1. Bitcoin undervalued vs gold/treasuries 2. Stochastic hits oversold at the same time If you see a Bitcoin dip, REMEMBER: Dips are Gifts. Stop Missing These Setups I'll be honest - finding and catching these dips isn't rocket science, but timing is everything. Ready to level up? - Learn how to implement rules based & non-discretionary trading to become profitable - Learn to interpret the Commitment of Traders data to gain a major edge in the markets - Join live market analysis sessions - Learn my exact entry triggers - Master risk management DM me for more information. Serious traders only. Trading Disclaimer TRADING CRYPTOCURRENCIES INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. Past performance is not indicative of future results. The information provided in this analysis is for educational purposes only and should not be considered financial advice. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change without notice. I am not a licensed financial advisor. All trading decisions and consequences are your responsibility.
Long
by Tradius_Trades