Bitcoin 1W chart and you will find answer for all your questionsCRYPTOCAP:BTC 1W chart;
I said we would update the #Bitcoin chart if something important happens, but I want to show you the situation from a wider time frame.
What do you see when you look at it like this, please comment. Please write your own thoughts in the comments section, independent of mine or anyone else's.
From this level, do you think #Btc will say, 1 minute brother, I don't want to go down, this channel can't hold me and go up?
The level I indicated as OB below is also the IMB zone. 2 birds with 1 stone are waiting for retest at $46k.
That level is also the base of the channel and the support/contact level of the much older uptrend line (green).
I have been sharing what I see when I put all the puzzle pieces side by side for a long time.
I am curious about your thoughts as well.
By the way, if those who think like me can also like and share, it would be a great support and this chart will reach many more people. ✨
1-BTC
Margin Zones SetupOn the D1 chart, an accumulation with a Point of Control (POC) at 63246 is forming. This is key for predicting the following swings. The marginal zones outline two trading areas:
Buying in the range of 54183-57204.
Selling in the range of 67777-69287.
Considering the previous accumulation at POC 59604, the realization of the first scenario is more likely, as the second marginal target has not been met.
The advantage of the second scenario is the possibility of forming a Diagonal wave pattern, which would increase predictability for the coming months.
DOGEUSD Are you people ready??We have recently viewed Dogecoin's (DOGEUSD) Cycles and mentioned why we expect it to start rising parabolically soon. What we haven't done but it's what we bring you today is those Cycles compared to the Cycles of the flagship of the crypto world, Bitcoin (BTCUSD).
We will keep it simple, because that's what the chart is, no need to complicate what's obvious with added terms and info.
As you can see, every time Bitcoin broke above its All Time High (ATH), Dogecoin was on a medium-term correction (though well within its Bull Cycle) under Lower Highs and marginally above the 0.236 Fibonacci retracement level. Once Bitcoin broke out, Doge did also only though much more aggressively and within a few weeks it reached its previous ATH.
Needless to say, it didn't stop there but went on to peak much higher. Once more, the market finds itself in the exact same position as before in history. Are you ready??
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10/8 Market Tensions as S&P500 Wobbles Ahead of CPI, BTC Holds.Overview:
The AMEX:SPY is hovering around its all-time highs, showing limited movement as investors await Thursday’s CPI report. Anticipation is building, but it seems the U.S. market may not make any significant moves until inflation data provides clearer direction.
BTC TA:
W: When examining the volume profile of this year's entire bull phase, the point of control—where the most trading volume occurred—stands at $63 K. This explains why BINANCE:BTCUSDT might consolidate at the current price range for longer than expected. Despite a second false breakout attempt, Bitcoin remains trapped between the crucial monthly support level of $61.4K and resistance at $64 K. On one hand, geopolitical tensions are escalating in the Middle East, while on the other, China's government has announced a $28 billion investment package. The SSE Composite Index surged 30%, though it recently corrected by 11% over the last two days. Notably, some of the significant green candles can be attributed to Asian market open times.
D: The daily chart paints a clear picture of the price struggling to escape bearish pressure. It’s hovering just below the Bollinger Bands’ moving average. Monday presented a bearish hammer, and Tuesday ended with an indecisive doji.
4h: No divergences are evident on the MACD or CVD. The RSI sits around 45, indicating balanced buying and selling pressure.
1h: Price is oscillating around the $62.2K point of control level without any strong signals for bullish or bearish momentum.
Alts relative to BTC: Major altcoins are moving in line with Bitcoin, with little divergence. However, SUI and TAO, after their impressive runs to all-time highs, have begun to correct.
Bull case: If Trump is re-elected, accompanied by more interest rate cuts, this could boost the bullish narrative. The bull flag on the weekly chart is becoming more apparent and, if it breaks out, could signal a further upward trend. The formation of a reverse head and shoulders at the beginning of July, August, and September also supports a bullish outlook.
Bear case: However, bears point out that we’re still in a pattern of lower highs and lower lows. The double fake bull breakouts in recent upticks further signal caution. The market lacks new narratives, and regulatory crackdowns continue. Major CEXs now require strict KYC compliance, cutting off trading access for users in China, the UK, the U.S., and other key markets. While VPNs offer a workaround, the risks of locked accounts on exchanges registered in jurisdictions like the Cayman Islands add significant risk for traders.
Fear and Greed Index: 41.71 - Neutral.
CHAINLINK - WYCKOFF ACCUMULATIONLINK/BTC looking a lot like accumulation over here.
The market is very uncertain at the moment, with BTC being very much in no-mans land.
It could go either way.
But the technicals along on LINK/BTC indicate we may be testing areas where demand is too much for supply.
Bitcoin Cry LevelWe've wicked up to 64.4k region and faced a strong rejection at wVWAP/wPOC
Immediate resistance remains at 62.8k
The nearest support level is at 59k coincides with yVWAP and previous Monthly Open
It's a critical level to hold, a breakdown of 59k might lead us back below the equilibrium of this multi-month range
This volatility period is until October 11thHello, traders.
If you "Follow", you can always get new information quickly.
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Have a nice day today.
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(BTCUSDT 1D chart)
This volatility period is until October 11th.
Therefore, after this volatility period, we need to check in which direction it deviates from the 61099.25-65920.71 range.
Since it shows that funds are flowing in through USDT, if the price maintains above 61099.25, it is expected to lead to an attempt to break through the 64748.70-65920.71 range upward.
If it falls below 61099.25,
1st: 58697.01
2nd: 56204.13
We need to check whether there is support near the 1st and 2nd above.
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USDT is showing a gap up.
USDC is showing a gap down.
If we interpret this, we can interpret that there may be a short-term decline, but it will eventually rise.
The reason is that USDT has a broader market than USDC.
In other words, it means that USDT has a stronger influence on the coin market than USDC.
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(NAS100USD 1D chart)
With this rise, the BW indicator seems to have touched the highest point (100).
Therefore, when the candle is created tomorrow, we need to check the price position.
The current key is whether it can rise above 20313.8.
However, since the StochRSI indicator is currently located near the midpoint, there is a possibility of volatility.
Accordingly, we need to check whether the price can be maintained above 19852.4.
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(IBIT 1D chart)
We need to check whether the BTC spot ETF is supported near 35.40 and can rise above the 36.32-36.64 range.
If it falls below 35.40, you should check for support near 34.18.
If the price is maintained above the middle point of the parallel channel, I think it is likely to rise.
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(12M chart)
To draw a parallel channel on a 12M chart,
- There must be at least 2 bearish candles in an uptrend.
- There must be at least 2 bullish candles in a downtrend.
(1M chart)
To draw a parallel channel on a chart where waves have formed, we use the StochRSI indicator that was used to draw the trend line.
That is, we capture the trend by specifying the candle at the point where the StochRSI indicator entered the overbought or oversold section and formed a low or high point.
And, the third point of the parallel channel is selected as the lowest or highest point of the wave.
Parallel channels are a tool for analyzing charts, so you can't create a trading strategy with them alone.
Therefore, you definitely need support and resistance points drawn on 1M, 1W, and 1D charts.
(1D chart)
The reference line for drawing a parallel channel is line 1.
Therefore, I think that passing line 1 means that there is a possibility of a change in trend.
Therefore, we need to see if the price can be maintained by rising above line 1.
Line 2 is also a reference line, and if it passes this, there is a high possibility of a change in trend.
-
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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BTC - Daily Repitetive PatternsNo words!
You tell me what happens next?
The BTC price recently fell from the top of the channel, and after breaking the support trend line, it made a pullback to retest the broken trend line. This pullback indicates a potential continuation of the bearish movement. Based on the pattern, it looks like Bitcoin could be setting up for another drop.
BTC/USD: HBO Set to Unmask Satoshi HBO’s documentary Money Electric: The Bitcoin Mystery, airing tonight at 9:00 p.m. EST, is expected to present compelling evidence on the identity of Bitcoin's creator, Satoshi Nakamoto.
Speculation surrounds figures such as Hal Finney, Nick Szabo, Adam Back, Len Sassaman, and David Kleiman, with Sassaman emerging as the frontrunner on prediction market Polymarket.
Should Sassaman, Kleiman, or Finney be fingered, analysts say it could have a positive impact on Bitcoin’s price, as all three are deceased, reducing the likelihood of a selloff from wallets linked to Nakamoto, which hold an estimated 1.1 million BTC.
On the 4-Hour chart, Bitcoin keeps coming back to $62,500 despite recent volatility and larger price wicks.
BITCOIN Cup and Handle completed. Next stop $77500.Bitcoin / BTCUSD has found support on its 1day MA50 and that support appears to have completed a major pattern.
That is the Cup and Handle, with the Handle being the one to find support on the 1day MA50.
A 1day candle closing over the 1D MA200 will confirm the upside break out.
The target is the 2.0 Fibonacci level (77500).
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Bitcoin's local perspective 07.10.24Now, INDEX:BTCUSD has formed an ascending pattern AMEXP (yellow)👇
that describes a correction within the previous descending pattern AMEXP (red)👇
If now the price can break through the $64,076-$64,236 zone, we may see a continuation of growth with targets at $64,738 and $64,955, followed by a correction to the range around the $62,368 level.
After that, we will have to watch the reaction to this zone and the trend line in more detail, as there is a possibility to go to $66,000, and there is a possibility to renew the swing low and say hello to $57,834 - so the area around the $62,368 level will be an important place for decision making.
#TROY/USDT#TROY
The price is moving in a descending channel on the 1-hour frame and is sticking to it strongly and is about to break upwards
We have a bounce from the lower limit of the channel at a price of 0.001540
We have a downtrend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.001570
First target 0.001616
Second target 0.001650
Third target 0.001690
BTC Daily ReviewBTC wicked into daily fair value gap and got rejected there. Now that bullish move is done and failed, next should be bearish response. Nearest liquidity pool is under 61600 and support starts under 61000.
Developing Year VWAP 59630 is the border between early bounce and deeper and bloodier correction, where potential target moves to September buy tail EQ around 56k.
Reminder that overall chart structure is bullish and will stay that way until BTC cross below 52511. All the dips above that value will form higher low. Higher high at 66450 - only after BTC grow above that value the lower move potential will move up as well.
www.tradingview.com
Nearest liquidity pools:
above - 63115 / 64786 / 65412 / 66120
below - 61600 / 61237 / 60652 / 59961
Lines on the chart:
🔸64601 - July close
🔸63309 - September close
🔸62766 - June close
🔸58942 - August close
🔸57446 - day swing fractal
🔸56000 - September buy tail EQ
Oct.1-Oct.7(BTC)Weekly market recapAfter the Federal Reserve cut interest rates, the Asia-Pacific markets, especially the Chinese stock market, experienced a strong rebound. On one hand, due to U.S. restrictions on China in the import and export sector, the Chinese stock market has underperformed relative to the Nikkei and the Mumbai Index. On the other hand, the Chinese government recently announced a reduction in the bank reserve requirement ratio to enhance market competitiveness following the U.S. rate cut.
Although increased liquidity in the Chinese market benefits various assets, the U.S. market still dominates in cryptocurrency trading, and the Chinese market has a certain degree of closure. Therefore, the performance of the Chinese stock market will not impact the cryptocurrency market. This can also be seen in the stable performance of BTC ETFs recently.
Last Friday's non-farm payroll data did not show significant deviations, so the market will not conclude that we are entering a recession or recovering from inflation; instead, the economy remains under the control of the Federal Reserve. The CPI data to be released this week will further confirm this. If the CPI data does not significantly deviate from expectations, the market will still be driven by bullish sentiment.
BTC retraced after reaching 66,000 and has slightly rebounded this week, remaining within its previous trading range. According to the WTA indicator, whales have not taken action over the past week, with the blue bars representing whales and trading volume maintaining average levels. The ME indicator has switched back to a purple bullish trend, and the frequent switching indicates that we are currently in a consolidation trend.
In summary, we believe that BTC may continue to oscillate this week, with the potential for an increase greater than that for a decrease. We maintain our original resistance level at 68,000 and support level at 62,500.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
BITCOIN fractal alert! Happening exactly like last October!We talked a while ago regarding the 'October effect' (August 28, see chart below) on Bitcoin (BTCUSD). But today we need to make an urgent analysis as it appears that the market is repeating almost the exact sequence of a year ago (October 2023).
The similarities are more obvious on the 1D time-frame where the price is currently ranged within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The most recent time it traded like this was exactly one year ago, back in the first two weeks of October 2023.
As you can see, during that time BTC also made a marginal break above the 1D MA200 before quickly pulling back below it. After it tested and held the 1D MA50 (as it did no on October 01 2024), is started the long-term aggressive rally of the Channel Up that peaked on March 14 2024.
As long as the 1W MA50 continues to hold as the long-term Support, there are high probabilities of seeing 100k, even before the end of 2024.
But what do you think? Do you see realistic the scenario of repeating the post October 2023 rally? Feel free to let us know in the comments section below!
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Bitcoin resistance at 65800The short-term resistance of Bitcoin is 65800.
By reaching this resistance, there is a possibility of correction.
As long as we have the support range of 61,000, we have the possibility of breaking the resistance.
But in case of failure of the support of 61000, we will have the support range of 57000.
If the resistance of bitcoin is broken, and pullback to the trend curve, the upward trend of bitcoin will continue.
Share your opinion with me.
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10/7 Can BTC hold bullish trend or was it a fake break out?Overview :
The AMEX:SPY posted a decisive red candle today, with a strong bearish body. It’s rare to see appreciating equities while global liquidity has been declining for 21 consecutive days. The index is now trading at the lower end of the range established after the rate cut. The main sectors pulling it down include big tech (with the exception of beloved NVDA, which rose 2.24%), as well as utilities, insurance, and finance. On the other hand, oil, gas, and healthcare showed gains.
Since Friday, the number of traders expecting no rate cut in November has quadrupled from 2.6% to 13.7%. This reflects market uncertainty: while no rate cut means continued tight credit conditions and less liquidity, it also signals the Fed’s confidence in a strong job market and rising salaries. The question remains, which factor will weigh heavier on speculative assets like crypto? Less liquidity suggests a bearish outlook, but a stronger job market could be bullish.
This week could be pivotal for crypto. The question is whether BINANCE:BTCUSDT will hold above the 61.5k support level or break down, ending the fifth wave of this year’s crypto bull run.
BTC TA :
Weekly : After bullish momentum yesterday and earlier today, Bitcoin has since corrected. It’s now sitting at the BB MA and has moved away from the biggest volume node, leaving the point of control (POC). The 61.3k - 62.6k range isn't seeing much volume, and BTC will either hold above this or break through, which would be critical.
Daily : Bitcoin retested the MM BA resistance after falling beneath it. Monday ended with a bearish hammer, signaling caution. No major divergences were spotted on key indicators. Last week on Friday we wrote "Daily had a nice pull back after dumping from bull trap. Given the last 16 days of trading, upper resistance is at $63.3 k. It will need a real miracle to brake that level." The promised pull back played out. Price actually rose to 64.4k. But miracle of braking it didn't happen.
4-Hour : No divergences, and the trend seems uncertain.
1-Hour : Over the weekend, Asian bulls pushed BTC upwards, triggering short liquidations that drove prices up to 63.9k. However, the upward movement was halted at the significant weekly resistance of $64 k. A pullback followed. Early Monday, U.S. bulls retested the $64 k level again, pushing prices as high as 64.4k. This retrace fell within the Fibonacci golden pocket, specifically between the 0.618 and 0.786 levels when measured from the high on September 27th.
Alts Relative to BTC: NEAR, APT, TAO, FTM, and SUI are outpacing BTC and other altcoins as Monday progressed. ETH and SOL, however, remain closely aligned with BTC’s movements.
Bull Case : Since early September, we’ve seen the beginnings of a new bull run, which could be fueled by potential rate cuts and improving macroeconomic conditions. A breakout from the bullish flag consolidation pattern forming on the weekly chart could lead to significant upside.
Bear Case: The fifth wave may already be over, and we could be headed downward, marking the end of this year’s bull run.
Fear and Greed Index : 41.49, indicating a neutral sentiment.
This week holds the key for BTC's next move. Will it hold support or break down? Stay tuned.
Bitcoin update 5000$ in a rowbtc exactly reacted where the supply area and gave 2000$ in sell side and upside almost gave 3000++ points and also market still running in sell side
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New wave start section: 61099.25-65920.71
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost".
Have a nice day today.
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USDT is sideways, and USDC is showing a slight downtrend.
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(NAS100USD 1D chart)
NAS100USD is sideways near 19852.4.
If it is supported and rises near 19252.4, it is expected to lead to an attempt to rise above 20313.8.
If not, and it falls, it should check for support near 19582.6, which is an important support and resistance area.
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(IBIT 1D chart)
IBIT is the stock with the highest trading volume among spot ETFs.
Since the current chart was created not long ago, the role of support and resistance points may be weak, so caution is required when trading.
The key is whether it can rise above the 36.32-36.64 area and receive support.
If not,
1st: 35.40
2nd: 34.18
It is necessary to check for support near the 1st and 2nd areas above.
In particular, the M-Signal indicator of the 1W, 1D chart is passing near 35.40, so it is important to check whether there is support near this area.
From a trend perspective, the area near 34.18 is near the midpoint of the parallel channel, so it is an important support and resistance point.
-
With the launch of investment products related to BTC in the stock market, the movement of the stock market cannot be ignored.
Therefore, caution is required as the movement of the coin market may follow the movement of the stock market.
However, if more funds flow into the coin market, there is a possibility that it will show an upward trend regardless of the movement of the stock market.
In other words, there may be cases where investment products in the stock market rise while other stocks fall.
Therefore, there is no need to pay much attention to the movement of the stock market.
Currently, when the movement of BTC is slowing down, that is, when it is moving sideways, it is only worth referring to the movement of the stock market.
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(BTCUSDT 1D chart)
As mentioned above, the USDT and USDC movements are weak sideways, so it seems that there is a limit to the increase.
Therefore, if USDC does not fall any further, it is expected to maintain the current level or rise slowly.
Otherwise, if USDC continues to gap down, we need to check for support near 61099.25.
-
The points 64748.70 and 65920.71 correspond to the HA-High indicator points on the 1W and 1D charts.
Therefore, it can be interpreted that a high point section is formed across the 64748.70-65920.71 section.
The HA-High indicator point on the 1M chart is formed at 61099.25, so it has already risen to the high point range from a long-term perspective.
Currently, the HA-HIgh indicators are arranged in a straight line.
That is, HA-High on the 1D chart > HA-High on the 1W chart > HA-High on the 1M chart.
Therefore, if it continues to rise and maintains the price above 65920.71, a full-scale uptrend, that is, a stepwise uptrend, is likely to begin.
-
To do this, it is recommended that the StochRSI indicator on the 1M and 1W charts is not in the overbought or oversold range.
This is because I think it will receive great strength if the value of the StochRSI indicator is in the 20 to 80 range when the first uptrend begins and shows an upward trend.
Currently, the StochRSI indicator on the 1W chart has entered the overbought zone.
Therefore, even if it rises right now, it will eventually show a downward trend.
Therefore, I think it is important to maintain the price above 61099.25 after this period of volatility.
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The most important thing when trading spot is whether the price moving averages are aligned.
If the short-term to long-term moving averages are aligned, the upward trend is likely to continue.
Currently, the price moving averages of BTC are aligned.
However, the short-term and medium-term moving averages are converging.
Therefore, if the current price level is maintained, an upward trend is expected to begin.
Currently, the M-Signal indicator on the 1M chart is rising near 52K.
Therefore, if it falls as much as possible, it is expected to fall to the M-Signal indicator of the 1M chart.
In any case, from the perspective of the trading particle, the 61099.25-65920.71 section is the high point section, so whether there is support in this section is very important.
It is the last buying section before the full-scale uptrend begins, but it can also be the starting section of the downtrend.
Therefore, depending on which direction the price deviates from the 61099.25-65920.71 section and maintains it, a new wave will be created.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that the full-scale uptrend will begin when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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