BTC: mini shake out next week
BTC will rise to 71-72, then fall to 65-64
I think that we are dealing with an expanded ending diagonal. Why? Because of zigzags
BINANCE:BTCUSDT BITSTAMP:BTCUSD OKX:BTCUSDT BINANCE:BTCUSDT
BTCUSDT trade ideas
Examining Support at $68,500 and Resistance at $70,600🔹 Market Overview:
Bitcoin has managed to hold the significant support level at $68,500 after a recent struggle, closing the daily candle above this level. This stabilization creates an opportunity for the price to move towards the $70,600 resistance.
🚩 Key Levels:
Fair Value Gap (FVG) at $70,600: This area, aligned with the 50% Fibonacci retracement of the previous wave, serves as a strong resistance for Bitcoin. Upon reaching this level, there’s a high chance of a bearish reaction and price rejection.
Order Block at $71,200: Another resistance at $71,200, overlapping with the 61.8% Fibonacci level, acts as an additional resistance zone that could potentially trigger a trend reversal.
📉 Potential Trend Reversal:
If the price encounters these areas (FVG or OB), there’s a high probability of a weekly correction initiating from these points.
📈 Inverse Head and Shoulders Pattern:
An inverse head and shoulders pattern is currently forming. If the neckline is broken, it could open a short-term buying opportunity.
🔔 Conclusion:
Breaking through these key resistance levels may indicate further bullish movement; otherwise, a pullback to support and a corrective phase might follow.
Bitcoin NEW ATHBitcoin Analysis
As expected,
#BTC brokeout the previous ATH with a single solid green candle ($69k to $76400) and made a NEW ATH of $77199.99.
The #bullish trend started .
Now everyday we will see NEW ATH .
Bitcoin Shows Upward Momentum, Targets Key ResistanceBitcoin (BTCUSDT) is displaying an upward trend, currently trading around $69,078 as it nears critical resistance levels. The chart suggests BTC is consolidating within an ascending channel, with immediate resistance expected around the $70,000 mark. A break above this zone could propel BTC towards the $72,755 target, signaling stronger bullish momentum.
Analysts highlight that maintaining support above $68,730 is crucial for sustaining this upward move. Market sentiment remains cautiously optimistic, with traders closely watching for potential breakout signals in the coming sessions.
Bitcoin Breaks All-Time High Amid Election-Driven RallyCurrent Status:
Bitcoin (BTC) has surged past its previous all-time high of $73,750, reaching $75,000 in response to the recent U.S. Presidential election results favoring Trump.
Bullish Momentum:
Next Target: If bullish momentum continues, BTC could eye $80,000 as the next resistance level, potentially setting the stage for a broader market uptrend.
Potential Pullback:
Support Zone: If BTC encounters resistance and retraces, a drop to the $66,000 support level—near the 50-day moving average—would still keep the bullish structure intact.
Outlook:
With BTC at fresh highs, bullish sentiment remains strong, but traders should watch for any signs of a pullback near resistance levels. Staying above $66,000 will be key to maintaining upward momentum.
#Bitcoin #BTC #BullishTrend #CryptoMarket
A fresh 26D old stick.A new 26 day candle opened on this day.
You can read so many disturbing opinions that in reality this is preparation for a drop.
The historical truth, however, is that a breakout in a halving year usually leads price even higher.
And looking at bitcoin on a 4 hour chart doesn't make much sense now unless you are trading intraday.
Bitcoin Pumping?As before, volume is low. We should drop down to FWB:65K in order for this to be a healthy correction; then pump with better volume.
BTC will challenge ATH again if it crosses this line (1H)Hello, fellow traders!
In my previous analysis on BTC,
I've mentioned that if the price showed reversal of trend at the weekly downtrend's resistance line, there's a good chance it might be signaling a bull run.
In the first box 1️⃣, we see the reversal near the resistance line. Although the price did not physically touch the line (which would have been the best scenario), the lower wick of the bearish candle was near it.
And now the price remains above the 68 - 69k zone which is also ideal. So does this mean we can enter LONG now and shoot for ATH? I would say no.
If I could answer yes to that question, I would've just entered when the reversal happened at box 1. Reason I didn't is because the key levels aren't always respected. We need enough evidence to feel confident about our trades.
Let's look at the second box 2️⃣. The red line is drawn based on the highs of the pullback. If we see a breakout of this line, that might be a good entry point for LONG. Until then, however, we cannot be certain how the market will turn out.
The election is now around the corner and we should keep in mind that BTC could move in either direction depending on the outcome.
Don't worry though, if the market moves in opposite direction, there will be new opportunities waiting.
Stay tuned!
Fundamentals and Strategy... The key.The result is clear and obvious, several factors had to be taken into account when operating this movement, first of all, the time had to be taken into account, it was still early to enter and I made them clear, then the fundamentals, the Yesterday I had announced in the morning that if Trump won, the movement would not only be upward but that we would break maximums and I had no doubts. and finally the fomo, where there was a sector divided between bulls and bears.
I simply analyzed those 3 factors and waited for my zone, the last one was at the lowest point of the SL. Now? corrections and up, does the bullrun start? We'll see, since that would consist of movements of more than 5k per day
BTCSalaam
It's a long time didn't share anything ;-)
Finding this interesting.
Knowing your idea will be good too.
BTC is moving in the weekly channel, it gone for breaking but the last closed candle seems to be we expect more pullback first before break and move up.
See what happens in ETH chart will this scenario be more probable.
Surely how this weekly will close, will determine the next move clearly.
Personally, I'm looking to some up move to sell and waiting for comeback to the channel for confirming false break.
By the way, total picture is up in my opinion and this is just pullback for the next big moveup.
Please help yourselves by trading with knowledge instead of emotions, always be aware of risk management.
Good luck to all,
Retrace for Bitcoin before going up moreAfter Bitcoin recently achieved a new all-time high, we are now entering a period where the market often takes a step back to consolidate. Following such monumental price increases, it’s typical for Bitcoin to experience a temporary pullback or cooling-off phase, which is a natural and necessary part of its growth cycle. This phase allows the price to stabilize, setting up a more sustainable foundation for future increases.
As we head into the weekend, it’s worth noting that weekend trading often brings more volatility due to lower trading volumes. With fewer institutional players active, the market can see sharper fluctuations, which makes it more likely for Bitcoin to experience a temporary decline. This dip provides an opportunity for consolidation, allowing new levels of support to form as some traders take profits and others prepare for the next upward movement.
Historically, Bitcoin has demonstrated a pattern of retracing after hitting record highs. These pullbacks don’t signal weakness but rather reflect healthy market behavior as investors recalibrate and the market digests the recent gains. During these brief retracements, the market can gather fresh momentum for future growth.
In the broader perspective, Bitcoin’s fundamentals remain strong. Demand from both institutional and retail investors, concerns about inflation, and Bitcoin’s limited supply all support its long-term bullish outlook. A temporary dip simply allows more investors to enter at a more attractive price point, adding strength to the next wave of buying.
In summary, a brief pullback after an all-time high is a common occurrence in the market. As we move into the weekend, a minor retrace could set the stage for Bitcoin’s next leg up by building a stronger base. For those with a long-term perspective, this dip may present an ideal opportunity to accumulate more, while traders could find opportunities in short-term volatility. A short-term pause doesn’t change the larger picture; it simply prepares the market for the next chapter in Bitcoin’s journey upward.
Thats it. Correction aheadI'm short bitcoin here. Everyone on Twitter having a bull party. Greed index very high. I short now TP at 71,800. WTF do I know. Feel like I've been here before. I just want the likes to be able to troll on chats. Thanks
It looks like thisAs it seems, it is climbing, but what is hidden from the comments is: the fall after the flight
24.11.04 Whale Index (up $2,400!! Was it accurate again??)Hello, we're Whale Signal
First, let's review the previous analysis
Previously, I uploaded a whale indicator to TradingView and informed you that if Bitcoin is located in a major supporting section, and this section is re-formed into a supporting section, we can expect further upside
As a result, there has been a trend of exactly $2,400 rise since then, and those who have used whale indicators seem to have made a significant return
Congratulations to those who made profits
Since then, the price has fallen again, but a positive profit structure would have been possible if you had set up the anti-profit half-currency well (to secure some profits and stopros)
In addition, we believe whale indicators showed good flow again this time, as the closing bar breakout and retest continued and the short position entry opportunity was provided in the fall breakaway structure
Now I'm going to talk about the current point of view
The current section is once again considered an important support section
If time rod seating is confirmed in this section consistent with where previous whale indicators were formed, entry may be considered when retesting or pressing of the candle body section occurs (personal perspective)
In addition, an upward break through the all-high point segment based on Dow theory is expected to increase the likelihood and reliability of it
However, if you leave the purple whale index again, you should also consider short withdrawal
However, as the U.S. presidential election is scheduled tomorrow, please respond briefly and thoroughly manage the risks
*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*
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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
Trading BTC based on Williams FractalI believe that we are out of the accumulation/distribution zone and the trend is bullish.
Entry for 50% of position at 73550 and and stop loss ata 66883, i will be adding 10% at every new fractal print. Lets see how far we can go from here.
Bitcoin and altcoin overview (November 05-06)Yesterday in Bitcoin, we completely filled the sell zone of $67,500–$66,800 (the highest volume of the range). We’ve already seen initial signs of a reversal. Each new update of the local low was accompanied by delta absorption from buyers.
We prioritize a move to the next sell zone; however, in a reverse scenario, the decline could continue down to $63,000.
Sell zones: $71,000 (lower boundary of a large volume zone, mirror zone), $72,000–$73,000 (zone of volume anomalies).
Buy zones: $63,100–$62,500 (mirror volume zone), $60,000–$59,000 (buyer activity).
Interesting altcoins.
For TROY , we updated an important level and formed a volume zone below. For now, we consider a scenario of continued upward movement from current prices or upon a retest of the $0.00412–$0.00395 zone. If these levels do not show a response, we will revise the scenario to a bearish one, considering this zone as a mirror sell zone.
UpdateDue to the false signal trap, I have closed the previous long position, and reversed to short position with risk/reward 1:5 for the time being.
edit : i'm not too sure will deep, i change rr to 1:3
BTC MonthlyThe end of this moving wave can be the ceiling of the ascending channel, which can be in the range of 81000 to 83000. After that, we can see a temporary correction in the chart, even up to channel 40, and then continue to move to hit new ceilings and targets of 91000 and even 121000.
BTC INTRADAY POWELL INFLATION
Hello, dear intraday degens where the action is happening right now!
BTC is testing the last intraday high as support, with volume trending in the right direction. There’s plenty of support below if this level breaks.
In other news, the Federal Reserve has cut interest rates by 25 bps, which should be positive news and may help push the price up.
Still, nothing should be taken for granted in crypto trading—stay safe!
Bitcoin is Ready to Take Off!Bitcoin technical analysis update
Yesterday CRYPTOCAP:BTC price touched the broadening wedge support line and the previous major support zone at the $50K level. currently, the price is bouncing from this major support and moving towards the broadening wedge resistance. We can expect a gradual bullish continuation from the current level.
We could see a strong bullish move once the price breaks the broadening wedge resistance, potentially reaching $100K.
Swing and positional traders can enter a long trade in BTC with a stop loss set at $49,000.
Regards
hexa
Bullrun begins at december 2024I’m projecting a bearish divergence that will form a flat pattern for a bullish continuation, and once it completes, we start the bull run.
This is speculative on a 1D timeframe.
Let’s see if I nail it.
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BitCoin has good potential to increase and reach to 100KBitcoin has good potential to increase and reach to 100K. I think it is on eliot step 5 and will be larger than step 3 and 1. Can touch and maybe can cross the 100K soon. All news is Good and it will be arrive soon. 💯🔥
Bitcoin is on the verge of breakoutHello traders,
Recently Bitcoin price broke important resistance levels and reached its highest point since late July. Bitcoin has a good chance to rise above 70k in the coming weeks but before that it should break a huge resistance area at 69k-70k.
Let's dive into what we can expect from BTC price action in the coming weeks.
First of all, historically, Q4 is the time when BTC performs best. This becomes even more true in the year of halving. If history repeats itself then we can expect the beginning of the bull run in coming weeks.
Secondly, Bitcoin always starts a bull run after the US election, regardless who wins.
This was true in 2012, 2016 and 2020. Most likely this will remain true in 2024.
Also, Bitcoin price broke out from a downtrend channel in which it was trading for over six months. Whether this was a false breakout or not time will tell but in any case this is a very important sign for bulls as before BTC price couldn't do it for a prolonged period of time and finally managed. At the moment it's highly important for the BTC price to stay above 66k in order to continue the rise. Until BTC is trading above 66k I consider it to be bullish.
What can go wrong?
The main thing that can hinder Bitcoin price rise is the political situation in the Middle East. Mostly possible war between Iran and Israel. If there won't be an escalation between Iran and Israel then we should see the BTC price rise to new highs soon.
Another thing to consider is that Bitcoin struggles to break the 69k area for three years. Even though BTC set a new ATH at 74k, the main resistance still lies at 69k and this might be a big problem for bulls. Let's see if the BTC price manages to rise above 70k but if history repeats then we should see a strong breakout above that area.
Please, do not forget to boost this idea and leave your comments below, thanks.
