BTC-D
Here is a quick analysis based on the new BTC/USD chart.The chart shows a significant upward trend in Bitcoin's price. It seems that the price has broken out of the previous consolidation channel and is now heading towards a major ascending resistance area, the upper boundary of which represents nearly $100,000.
Bitcoin maintains an upward trajectory with strong support from the lower trend lines.
The $88,000 to $100,000 target area is a strong resistance area where we could see some price consolidation or rejection.
If BTC can break this resistance with strong momentum, it could signal a substantial long-term bullish phase.
Be wary of potential pullbacks as BTC approaches these key resistance areas. Let me know if you would like more information on specific indicators or trendlines!
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
ETH Bearish divergenceEthereum is currently displaying signs of a bearish divergence on lower timeframes, a signal that often indicates a potential slowdown in upward momentum and the likelihood of a correction. Despite the bearish signal, the ongoing correction appears to be relatively shallow, suggesting that the underlying bullish structure remains intact.
A retracement to the 0.382 Fibonacci level could present an attractive buying opportunity for traders looking to enter at a lower risk point. This level is often viewed as a key zone for price reactions during corrections, providing a favorable balance between value and momentum for long-term positions.
Bitcoin surprise target
Bitcoin has touch $77.000 and make significant price movement. I really like this bullish momentum combined with US. election result. Now I want to share with you what I see in the chart on BTC. Maybe just little annoying for some people but this what I found on the price chart for Bitcoin price movement. From my simple analysis the price is going down to $71.500 - $72.000 for temporary movement before continue the next path price. The support gap is not filled yet because the price bulls so rapidly from my perspective. Remember this is not financial advice please use your own analysis to do action in the market.
Volatility Period: November 9-11
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(USDT 1D chart)
It's showing a big gap uptrend after a long time.
It seems that a lot of funds are flowing into the coin market.
(USDC 1D chart)
USDC is also showing a gap uptrend.
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(BTCUSDT 1D chart)
It touched the left Fibonacci ratio 1.618 (76787.43) point.
And, the BW indicator has risen to the 100 point.
The BW indicator is an indicator that comprehensively evaluates the MACD, StochRSI, OBV, and ATR indicators.
Accordingly, if the BW(100) line is generated when the BW indicator falls from 100, it is highly likely to lead to a decline, so caution is required when trading.
If the decline begins, the key is whether it can be supported around 71280.01-72344.74.
The 71280.01 point is the BW(100) point of the 1M chart, so if it shows resistance near 71280.01, it is likely to show a large decline.
(For this discussion, please refer to the idea of "Never HODL at the highest point even if the profit is small.")
However, since the BW(100) point of the 1W chart is created at the 68393.48 point, if it falls below 68393.48, it is expected to lead to a sharp decline.
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Since it is out of the upper part of the linear regression channel, it will soon enter the channel.
At this time, you should check whether the BW(100) line is created and think about a countermeasure for it.
Based on the above, I think it is a good idea to set the 72344.74 point as the stop loss point and re-select the start of trading based on the movement thereafter.
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If it is supported and rises near the left Fibonacci ratio 1.618 (76787.43), the next target is near the right Fibonacci ratio 1.618 (89050.0).
However, before that, there is a possibility of resistance in the 79902.66-80999.68 range and near 83646.12, so you should also consider countermeasures for this.
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If you are thinking of making a new trade, I think it would be good to start by confirming that the price has entered the linear regression channel and is supported at the support and resistance points.
If you want to trade right now, I recommend buying when the BW(100), HA-High indicators on the low time frame chart break upward and show support.
If the BW(0), HA-Low indicators are generated, buy when they show support.
The 5EMA on the 1D chart is passing around 74K.
Therefore, high volatility is expected to occur when touching the 5EMA on the 1D chart.
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Have a nice time.
Thank you.
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- Big picture
The real uptrend is expected to start after rising above 29K.
The area 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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Monthly chart bullflag has a breakout target around 115kIhave arbitrarily placed the measured move line for the bullflag breakout in the month of October but there’s always a chance it stays in the flag longer than that, in which case the measured move line would get moved over to the right and slightly lower each time it does. If it breaks up by october and validates that breakout the measured move target will be around 115k. *not financial advice*
Bitcoin Where Next?As of November 8, 2024 , Bitcoin (BTC) is trading at $74,120.87 , reflecting a 24-hour trading volume of $105.81 billion.
Our proprietary W.ARITAs algorithm has identified a pattern in Bitcoin's price movements that closely mirrors historical trends observed between April 8, 2020 , and January 7, 2021 . This historical pattern began with a significant price surge in April 2020 , following the announcement of the third Bitcoin halving event, which reduced the mining reward and increased scarcity. This event was a catalyst for a bullish trend that culminated in an all-time high (ATH) in January 2021 .
Similarly, on March 9, 2024 , Bitcoin experienced a notable price increase, coinciding with the anticipation of the fourth halving event scheduled for April 19, 2024 . Historically, halving events have led to substantial price appreciations due to the reduced supply of new Bitcoins entering the market.
Our analysis indicates that the current pattern, which commenced on March 9, 2024 , is expected to complete its formation by December 12, 2024 . Based on this pattern and historical precedents, we anticipate that Bitcoin will surpass its previous ATH resistance level of by the end of this year.
It's important to note that after reaching the ATH in January 2021 , Bitcoin experienced a significant price correction. This downturn was influenced by various factors, including profit-taking by investors and regulatory concerns.
In conclusion, while historical patterns and upcoming events like the halving suggest a bullish outlook for Bitcoin, investors should remain vigilant and consider potential market corrections. Continuous monitoring of market developments and regulatory news is essential for informed decision-making.
Disclaimer: This analysis is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments carry significant risk, and past performance is not indicative of future results. Please consult with a financial advisor to assess your individual risk tolerance and objectives before making any investment decisions.
BTC, Beware of RISKY zoneThe ETF approval has generated considerable upward momentum, with Bitcoin's price rising as investors speculated on its future demand. The U.S. election cycle is also in focus, as it could bring regulatory shifts that impact the cryptocurrency industry, making market participants cautiously optimistic.
However, despite the recent rally, Bitcoin has entered what many analysts consider a " risky zone " ~76k . Current price levels, fueled by speculation, are sensitive to sudden shifts in market sentiment or regulatory announcements. The anticipated ETF decision could face delays or even rejections, which would likely trigger a price correction. Additionally, the volatile macroeconomic landscape—characterized by interest rate fluctuations and global financial uncertainties—further heightens risk, with many investors wondering if the market has overextended itself.
This scenario could be the same as previous one when BTC first time touch ATH at ~73k. An idea was post to warning about FOMO zone .
Therefore, while Bitcoin's growth is promising, now is a critical time for investors to manage risk carefully. Rather than buying or going long at these elevated levels, it may be wise to adopt a cautious approach. For investors holding Bitcoin, implementing stop-loss orders or taking partial profits could help mitigate potential downsides. The uncertain regulatory environment, coupled with Bitcoin's inherent price volatility, underscores the need for caution. In short, while the long-term outlook for Bitcoin remains favorable to many, the current environment demands disciplined risk management to navigate this period of heightened uncertainty.
ETH is following BTC I feel like sharing the other 100X because it seems they’re moving together right now. The last 30-minute close was green but formed a doji. Let’s see what happens next with the intraday support—will it hold or break? If it does break, where might it go next? Could it move higher? I guess we’ll find out soon.
#TESLA Reach Local HighThe yellow arrows on the chart indicate strong upward price movements that reached local highs, marking significant bullish rallies. Each yellow arrow highlights a period where Tesla's stock price made a notable advance, reaching a local peak before eventually pulling back. These movements are quantified by the percentage gains annotated above each arrow, showing substantial upward momentum in each rally:
First Yellow Arrow (Left): This arrow shows a sharp upward movement, leading to a local high. The gain is marked at 436.74%, indicating a major price increase over a relatively short period, followed by a consolidation phase.
Second Yellow Arrow (Center): This arrow also highlights a strong price rally, where Tesla's price rose by 153.57% before hitting resistance, resulting in another local high.
Third Yellow Arrow (Right): The most recent arrow shows a gain of 119.06%, reaching a local high near the 312 level. This suggests a recent attempt to break above resistance and could indicate the start of another bullish trend if it sustains above this level.
These yellow arrows reflect Tesla’s potential to experience sharp bullish movements, often followed by pullbacks, making these areas key points for traders to consider entry or exit strategies based on momentum and resistance levels.
Bitcoin is Ready for Correction==>>Short term!!!Bitcoin ( BINANCE:BTCUSDT ) is moving in an ascending channel in the 15-minute time frame, and we can also see another ascending channel in the 1-hour time frame .
Currently, Bitcoin is moving near the upper line of the ascending channel(Big) and Potential Reversal Zone(PRZ) .
According to Elliott's wave theory , Bitcoin seems to be completing the main wave 5 .
I expect Bitcoin to decline to at least the Support zone($75,400-$75,000) and the lower line of the ascending channel(Small) after the completion of the main wave 5 .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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HelenP. I Bitcoin will correct to support zone and continue riseHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price declined to the trend line and then at once rebounded up and rose to support 2, which coincided with the support zone. Soon, the price broke this level, made a retest, and continued to grow, but later turned around and made a correction movement to support 2. Then, BTC tried to grow again but made a correction one more time to the trend line, and then it finally started to rise. In a short time, BTC grew to support 1, which coincided with one more support zone, some time traded near and then dropped to the trend line. Price some time traded between this line and later made a strong impulse up, breaking support 1 and even rising higher than the support zone. At the moment, the price continues to move up and I expect that BTCUSDt will correct to the support zone and then continue to move up. For this reason, I set my goal at 77400 points. If you like my analytics you may support me with your like/comment ❤️
BITCOIN - Price can bounce from resistance line and start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price entered to rising channel, where it at once bounced from $63600 level and started to trades below.
Price some time traded below and even declined almost to support line of channel, after which bounced and started to grow.
Soon, price broke $63600 level and later reached resistance line of channel, but then turned around and made correction.
After correction, BTC turned around and in a short time rose to $73600 level, but at once made correction to support line.
But then price made impulse up, thereby breaking $73600 level and now it trades near resistance line of channel.
BTC can bounce from resistance line and start decline to $72600 which is located support area.
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Three days after elections and one after FED cutStarting with #VIX the value decreased a lot after elections showing the decrease in investors fear
With less fear we can follow the #SPX #DX1! #BTC1! which strongly rise their value.
Commodites in general seems to had loss some points with Dollar strength, in this chart we can watch #GC1! and #BZ1! as benchmark
In the case of Brent we can see a double top even with line chart.
#US10Y decreased after 25bp cut nevertheless with Trump election US will probably activate more worldwide tariffs and this can lead to an increase in prices, and so the next couple months CPI will be a important measure to look at US economy in the future. So even it's decreasing and bonds are inversly to prices, I should keep an eye on it
Bitcoin Price Set for Rally as Falling Wedge Pattern Conforms In the latest bullish developments for Bitcoin ( CRYPTOCAP:BTC ), the accumulation of $145 million in BTC by new wallets is driving market optimism, suggesting an impending rally. This fresh wave of buying has coincided with a technical breakout, solidifying sentiment that BTC could potentially soar to $100,000 by the end of the year. Here’s a deep dive into the technical and fundamental factors fueling this optimism.
Fresh Wallets Signal Strong Bullish Sentiment
According to a recent report from Lookonchain, 10 new wallets have collectively accumulated 1,910 BTC, valued at approximately $145 million, from the crypto exchange Binance. This massive purchase not only highlights heightened demand from high-net-worth investors but also signals broader market confidence. On-chain data shows a parallel drop in BTC exchange reserves, reflecting strong accumulation patterns—a bullish indicator that demand is outpacing supply.
This buying spree comes as the crypto market enjoys a wave of institutional interest, partly driven by recent inflows into Bitcoin exchange-traded funds (ETFs). Notably, Farside Investors reported that the US Spot Bitcoin ETF saw over $1 billion in inflows on November 7, marking a record since its inception in January. BlackRock’s BTC ETF accounted for $1.11 billion of this influx, underscoring increasing institutional faith in BTC as a long-term investment.
Macro Environment
Following Donald Trump’s recent victory in the U.S. presidential election, hopes are rising for a favorable regulatory landscape. With his support for Bitcoin and digital assets, Trump’s administration could be instrumental in shaping clear regulations, which would benefit the broader crypto market. This political shift has sparked optimism, as it aligns with heightened activity from whales and institutional players who are eyeing BTC’s potential to reach new highs.
Technical Analysis
On the technical front, Bitcoin ( CRYPTOCAP:BTC ) has confirmed a falling wedge pattern, a formation typically associated with bullish reversals. This pattern suggests that CRYPTOCAP:BTC may break out to higher levels, with many analysts eyeing $100,000 as a near-term target, potentially by the end of 2024.
At the time of analysis, CRYPTOCAP:BTC is trading around $76,209, up 1.6% from the previous day, with an all-time high (ATH) of $76,943 reached in the last 24 hours. Notably, the Relative Strength Index (RSI) currently sits at 66—approaching the overbought territory—indicating strong upward momentum. Additionally, a doji candlestick pattern on the chart reflects indecision in the market; however, this is often followed by a breakout, particularly in an established bullish trend like the one BTC is in now.
Further strengthening the outlook is the potential formation of a golden cross, where Bitcoin’s moving averages (MA) have crossed above each other, historically a powerful bullish signal. This pattern, combined with increased whale activity and institutional inflows, paints a promising picture for BTC in the short and long term.
Market Sentiment and Price Predictions
Current trends and market sentiment are highly favorable for BTC. If BTC can maintain its crucial support level of $71,489, analysts expect it could rally to $80,000 in the coming weeks. Some even project a target of $88,000 by the end of November, bolstered by the steady increase in BTC Futures Open Interest, which has risen 1.7% in the last 24 hours. This rise in open interest is another indicator of strong market confidence.
However, the recent surge has brought sharp volatility into focus. While the rally is expected to continue, investors should remain cautious, as significant price increases can lead to profit-taking, which may result in price corrections.
Economic Indicators and Future Outlook
Upcoming U.S. inflation data, including the Consumer Price Index (CPI) and Producer Price Index (PPI), may influence market sentiment. Positive inflation data could create further tailwinds for BTC by reinforcing its role as a hedge against inflation. Furthermore, political support from Trump’s administration is expected to provide a regulatory boost, potentially fostering a more robust digital assets market in the U.S.
Conclusion
With technical indicators aligning with strong fundamental factors, Bitcoin ( CRYPTOCAP:BTC ) appears poised for a substantial rally. The recent accumulation by new wallets, coupled with favorable macroeconomic conditions and strong institutional support, sets the stage for CRYPTOCAP:BTC to potentially reach the highly anticipated $100,000 milestone.
As always, investors are advised to monitor the market closely, as rapid price changes can trigger volatility. Yet, the ongoing surge in institutional interest, whale activity, and positive regulatory developments suggest that CRYPTOCAP:BTC could be on the brink of a historic rally.
Don't F@ck up the Banana zone!This is the Others marketcap vs the Bitcoin Market cap chart.
With their respective Banana zones for the past couple cycle and the current one we have already started.
The KEY takeaway is you should be feeling the FOMO and kind already have been deployed into your favourite #Alts
This #altseason may yield one of the worst performances in a cycle --- which I have warned a few times now. And finish sooner than you think.
If you had waited for confirmation of a altcoin breakout and rotated/bough at the sad face this how your returns would have been crippled.
21 X ----> 5.8X 2017
6.4X ----> 3X 2021
3/4X -----> 1.75X/2.3X 2025
Drastically different.
I hope you have found this chart informative. Smash the likes.
BITCOIN Weekly line charttells a story of 4 discernible patterns and 4 log targets.
1) The inverse head & shoulders to end the bear market
2) A broadening rising flag .... which at the time, many thought it was head and shoulder's top on the candle chart.
3) A small sideways flag
4) and the current frustrating broadening descending bull flag. Which has cause much grief to participants but will likely gives an explosive quick large moves.
As you can see putting the chart can help in identifying trends.. key highs and lows and also gives patterns that may not be visible on a candle chart.
Another tool in your toolbox.
Never HODL at the highest point even if the profit is small
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If you "Follow", you can always get new information quickly.
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I used TradingView's INDEX chart to see the overall flow of BTC.
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Let's take a look at the section that showed a big movement.
(1M chart)
- 13888.32
- 57789.06
- 71320.68
The three points above are where the BW(100) line was created.
The fact that the BW(100) line was created means that a high point section has been formed, so there is a high possibility of a decline.
Therefore, based on the previous two experiences and looking at the current movement, we can see how important the 71320.68 point is as a support and resistance point.
Therefore, we should sell when it falls below 71320.68 in order not to HODL in the high range.
In the big picture, the stop loss point has been confirmed.
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(1W chart)
From the 1W chart, we can see that the 68376.06 point is an important stop loss point.
Therefore, we should decide to sell depending on whether there is support in the 68376.06-71320.68 range.
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If the BW(0) line is created after the price falls, then it is a strong buying period.
Therefore, we should check whether there is support and see if we can buy.
The reason is that after buying at the 37929.90 point, there is a possibility that it will fail to rise above the MS-Signal indicator and continue to decline.
Therefore, you should not forget that you need to cut your loss when it falls below 37929.90 after buying.
If you have a lot of cash left after distributing your investment weight well, you can buy more when the next BW(0) line is created to lower the average purchase price.
However, since it is a 1W chart, such a transaction is not easy, so I think it is better to buy again after cutting your loss.
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(1D chart)
Since BW(0) and BW(100) lines are often created on the 1D chart, it is recommended to use the BW(0) and BW(100) lines created at the current price position for trading.
As mentioned earlier or in the chart, you can see that the BW(100) and BW(0) lines appear after the arrows are created, and there is a decline and rise.
Therefore, since the arrows are created near the current price, you can see that the BW(100) line is likely to be created soon.
Therefore, if you are trying to make a new purchase now, I think it would be better to lower the investment ratio or not to make a transaction at all.
In any case, when the BW(100) line is created, you have to stop the transaction in progress or sell some of it.
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It is not much, but I think it can be a good reference for trading.
If you look at the StErr Line, HA-High, HA-Low, BW(0), and BW(50) indicators together to make this judgment, I think it will be a great help in your trading strategy.
Since these indicators can be used on all time frame charts, I think they can help you get an eye for selecting support and resistance points.
If you use too many indicators, you can trade incorrectly.
Therefore, you should think about how to use the indicators, which indicators to apply to which trading strategy, and think about how to use them accordingly.
I hope that this time, you will trade without HODLing at the high point.
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Have a good time.
Thank you.
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