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BITCOIN → Is the $100K target becoming more and more realistic? BINANCE:BTCUSD is in the bull run phase and updating highs due to the excitement of the US presidential election. After 8 months, there are finally reasons for the price to come out of the prolonged accumulation. Now the distribution. BTC has one bullish driver after another as it approaches ATH: Trump's victory in the US presidential election. Then the second 0.25% Fed rate cut in this cycle Discussions about BTC as a strategic reserve. Next is the SEC. Trump promised to get rid of the head of the SEC, so the choice will be made in favor of a more loyal to cryptocurrencies person. In general, the fundamental background for cryptocurrencies is very bullish, altcoins may finally go straight to the moon. Technically, bitcoin has a key resistance of 76900 at the moment, as well as key support zones, which is worth paying attention to as the price has been forming a local accumulation for two days. Accordingly, the move may continue in the near term. Resistance levels: 76900 Support levels: 75650, 74560, 73550 The price is squeezing in front of the resistance, which may lead to a breakout. But, the liquidity is decreasing on the weekend, which may lead to a small correction, for example, to 75650 or other areas lower on the chart. We can't talk about any selling now, the reason is obvious, so we are looking for strong resistance levels (to continue the movement), or strong support levels (to bounce with the purpose of buying). The target of 100K is becoming more and more real ;) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Long
by RLinda
18
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⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
21
Bitcoin Roadmap==>>Correction SignsBitcoin ( BINANCE:BTCUSDT )is moving near the Upper line of the Ascending Channel and Potential Reversal Zone(PRZ) , which acts as a Resistance line . According to the Elliott wave theory , Bitcoin has completed main wave 5 with the help of Ending Diagonal , and we should wait for Corrective Waves . Note ( Education ): The Ending Diagonal is the Rising Wedge Pattern in terms of Classic Technical Analysis . Also, Regular Divergence(RD-) between Consecutive Peaks in MACD and RSI and Volume Indicators . Note : Since trading volume is usually low on Saturdays and Sundays , we can expect the main corrective movement to happen at the beginning of the next week . I expect Bitcoin to have a corrective trend in the coming week , considering that there are attractive volumes for liquidating long positions at lower prices , as well as the technical analysis that I talked about above. Of course, from November 13 to November 15, important indexes will be released from the USA(Core CPI m/m, CPI m/m, CPI y/y, Core PPI m/m, PPI m/m, Unemployment Claims, Core Retail Sales m/m, Retail Sales m/m) , which can impact Bitcoin's main trend . ⚠️Note: We can expect more pumps if Bitcoin breaks the Potential Reversal Zone(PRZ) ⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
3
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. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
BTC - Bullish Phase Confirmed!Hello TradingView Family / Fellow Traders. This is Richard. 🗒 Do you remember this post from 2023? and this post from last month? 📌 It is confirmed. Pattern 1 Activated after breaking above the red channel and 70k. ❗️N.B. Always remember, nothing moves in a straight line, so we might see a correction (in the form of a higher low) along the way. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! 🗒 All strategies are good, if managed properly! ~Rich
Long
by TheSignalyst
4
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 ❤️
Long
by FirstNameHelen
5
BTCUSDT 📉 BTC/USDT Analysis Update 📉 The market is currently forming an ending diagonal pattern, which has yet to complete, creating a sense of tension and uncertainty. Given the current setup, I have two possible counts for BTC's next move, and it's unclear which direction will prevail. Therefore, I’m holding off on opening a short position until I see a clear breakdown. 🟠 Bearish Scenario - Red Path The first scenario involves BTC breaking down from its current level. A move below $75,600 would confirm this breakdown, signaling the start of a correction. In this case, the target zones would be between $71,000 - $72,000. 🔵 Alternate Scenario - Blue Path Alternatively, BTC might make one more push higher into the $77,200 - $78,200 range before starting its downward correction. This would allow for a deeper, more complete pattern before a potential reversal. 📉 Risk Assessment Right now, the setup is like a double-edged sword—taking a short position with a stop-loss at the recent high carries significant risk. There's a 50% chance of getting stopped out by a quick spike above the current level before a reversal happens. The declining volume and numerous bearish divergences on multiple timeframes (15m, 1H, 4H) support the idea of an imminent correction, but this doesn’t rule out the possibility of a quick 2-3% rally before the correction takes hold. 📝 Plan I’m waiting for a breakdown confirmation below $75,600 to confidently enter a short position. Until then, I'll be cautious, as BTC could still make a final upward move, driven by low volume and divergences. Disclaimer: ⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital 📊 Join our trading community on Telegram for live updates and insights: Market Mavens - t.me 🧠
by RhinoAkaBear
4
80k - 82k might be the next stop for BTC!Hello TradingView Family / Fellow Traders, 📦 From a macro perspective, BTC has been trading within the large channel highlighted in orange. The upper boundary of the channel intersects with the 80k round-number zone, which could serve as a strong area for the bears to initiate a correction. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
2
Alikze »» ENJ | Descending channel - 4H🔍 Technical analysis: Wave 3 or C bullish scenario - 4H - In the 4-hour time frame, according to the previous analysis , after the support in the range of 0.1465, it faced demand, which was able to grow to the middle of the channel. - It faced selling pressure in the middle of the channel, which led to a zigzag correction to the 0.122 range. - It is currently moving in a descending channel, which is at the ceiling of the channel and there is also a supply zone. - Therefore, in case of selling pressure, it can face support in the specified limits or green box and lead to a price growth up to the specified supply area. 💎 In addition, it should be noted that if the green box is broken, the bullish scenario is validated and can have another corrective leg. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ENJUSDT
Long
by alikze
2
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.
BINANCE:BTCUSDLong
by DEXWireNews
3
Volatility Period: November 9-11 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (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. -------------------------------------- (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. - 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. - 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. - 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. - Have a nice time. Thank you. -------------------------------------------------- - ​​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 -----------------
by readCrypto
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
Long
by CryptoSanders9563
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.
BINANCE:ETHUSD.P
by OnehundredBTC
Bitcoin: Bullish Continuation Within Ascending Channelhello guys. The BTC/USDT 4-hour chart indicates a strong bullish trend, with Bitcoin trading within an established ascending channel. The price has been respecting both the upper and lower trendlines, creating potential upward scenarios. Here’s an in-depth technical analysis: Ascending Channel: Bitcoin is steadily moving within an ascending channel, with higher highs and higher lows. This suggests a continuation of bullish momentum unless there is a decisive breakdown. Potential Scenarios: Scenario 1: The price could continue rising within the channel, reaching the next resistance levels around $76,000 and potentially $79,978.02, as shown on the chart. Scenario 2: A pullback to the channel's midline or lower support could occur before the next leg up, providing potential entry points for buyers. Fibonacci Levels: The price has respected key Fibonacci retracement levels, indicating areas of interest for potential support and resistance. Key Levels: Support: Around $72,000, which aligns with the mid-channel zone. Resistance: Immediate resistance around $76,000, with an extended target near $79,978.02.
Long
by melikatrader94
4
BTC DOMINANCE After a Trump victory the markets are booming, a new BTC ATH pushed bitcoin dominance to new local highs of 60.6%. Now we've seen a decent retracement on the daily candle and BTC is still in price discovery. This indicates to me that we have an altcoin resurgence on our hands, returning confidence in crypto and the green light for crypto support by America is a very important to this current rally. I could see BTC dominance dropping to 59.5% before any continuation (bottom of the trend channel) higher and that's not particularly from a BTC selloff although that is possible as a SFP, but more likely is just BTC staying where it is and altcoins making up some ground. RSI has dropped out of the oversold zone with this daily candle, a cool off is eventually inevitable as long as price stays flat while RSI cools it's very bullish. A lot of that altcoin move needs to be from ETH imo, with BTC @ ATH Ethereum is 72% away from ATH... A massive difference and one that should close up going into Q1 2025. The standard process for a crypto bullmarket is: BTC --> ETH --> LARGE CAPS --> MID CAPS --> SMALL CAPS So far we're clearly still in the BTC phase, keeping a close eye on the ETHBTC chart to see if the momentum shifts towards Ethereum but that doesn't seem likely until next year at the earliest.
CRYPTOCAP:BTC.D
by ProR35
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.
Short
by Wibawana