BITCOIN TRADE ANALYSIS 70K TARGET!!Bitcoin Trade Analysis: October 21, 2024
Entry: $67,226 Target: $70,000 Stop Loss: $66,000
Analysis
1H Chart: The 1-hour chart shows a strong support level at $67,665, which has rejected price four times in the 15-minute timeframe1
This indicates a robust support level, making it a reliable target for your trade1
15M Chart: The 15-minute chart further confirms the strength of the $67,665 support level, with multiple rejections reinforcing its significance1
This level has acted as a solid barrier against downward price movements, making it an ideal target for your trade.
Tothemoon
DRUG (Bright Minds Biosciences Inc.): Massive 2,000% Surge!DRUG (Bright Minds Biosciences Inc.) Super Move Captured with Risological Swing Trader
We entered a long position on 14th October at 1.23 using the daily time frame, catching this explosive upward movement with the precision of the Risological Swing Trader. The indicator identified the perfect entry point, allowing us to ride this massive surge effortlessly. As of now, the price has reached $26.90, delivering an exceptional return.
Target Points Achieved:
TP 1: 1.40
TP 2: 1.68
TP 3: 1.95
TP 4: 2.12
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UPTOBER: Bitcoin’s Pump and Higher Low FormationSince May, Bitcoin has been trapped in a bearish price structure, characterized by lower highs and lower lows . Every attempt to break out was met with resistance, pushing the price lower. However, after the August lower low , Bitcoin began a reversal , producing two consecutive higher highs and higher lows . This shift is crucial because it indicates a bullish price structure, meaning the market is finally beginning to move upward again.
While a small reset in Bitcoin’s price from $66K to $60K was expected and I stand here to say, I was wrong and I apologize to fail giving you the other side of the apple for being bearish during my live stream and other documents and shot calls, the retracement was largely influenced by external factors, specifically the geopolitical tensions in Israel. Even though the pullback occurred earlier than anticipated, the market structure remains bullish, and we could soon see Bitcoin break through the $68K resistance level. As the chart shows, Bitcoin has created a solid foundation for this next leg of the rally.
BTC will fall !?Hi guys, hope to enjoy ur time.
At first I should say BTC will never touch again 73k resistance.
First of all bitcoin is going to fall till 57k support then start a trend.
(1):BTC will start a strong bull trend ( u can have some oscillation but remember the major trend id bearish ) and bull trend will stop when the price touch 64k resistance.
(2):when the price touched that resistance we will wait for a pullback and we waiting for second leg >
(3):when the pull back is complete, we will start second leg ,but don't forget that : second leg isn't like first leg and we have weakness momentum and last resistance is 66k and will dump from there. remember to be brave at this point.
(4): due day. A time for dumping and it is last high of BTC. two leg is complete and it is time to sell!!
(5): enjoy from dumping. if u are a pro trader u can open the short position at the prior point
it will dump till 48k but in my opinion it will going to 30k (in long term). don't forgot to follow me and boost this post>
comment ur idea.
BE HIGH,.
|| SOLUSD || $200 INCOMING PART 2!The Sol price action has been extremely bullish today, as price has firmly Broken out of the pennant formation as discussed in my previous article. Although this move is bullish, there is still some way to go before we are able to see prices as high as $200, however, it is inevitable. In the following statements I will discuss my bullish perspective.
Double bottom formation: as seen using the Elliot wave indicator I have outlined the structure of a DB formation. This particular formation holds additional bullish sentiment based on the fact that it was formed leading to a tight squeeze of the larger time frame bullish pennant. This scenario generally tends to hold much greater likelihood of bullish movements to come.
My target for the double bottom is set at $180, which seems like an easy target considering market sentiment, however, price is currently resting between two key levels of support and resistance drawn using the fib retracement, 0.50 ($165) and my golden ratio of 0.618 ($175.50) and 0.65 ($178.34).
If we are able to hold strongly above the 165 level and even possibly retrace down to strengthen support at that level, the likelihood of success will increase. expect to see consolidation within this range prior to a breakout. Consolidation would be the healthier alternative to a clean break.
The lowest ill allow price action to move before shifting towards a bearish sentiment would be the fib 0.382 ($154.51) which is the base of the double bottom formation. A great stop loss area would be around the $150-152 range.
Zooming out to the pennant formation. In order to be more confident in the formation, price action would have to retrace wicking near the formations level of support turning to resistance for the breakout to be valid. If my projections are correct the validity of the pennant breakout will result in a move to roughly $226 as discussed in my previous article.
in conclusion watch for any moves between the 165 and 178 levels as that would roughly indicate a strong move in either direction, however, prices as low as 155 are still justifiable and arent bearish yet.
Thank you for reading this far, I hope you were able to get some insightful information to aid your pre-existing market analysis! Remember everything I say is NOT financial advice and should be taken with a grain of salt.
Looks Interesting HereTraders,
Though the alts are waiting on Ethereum for confirmation of further price direction, Storj looks like it's found its support and local low here. It's been in this accumulation phase/channel since April and both the RSI and AO are suggesting is is time to run. Also, after breaking the upside of that huge bullish triangle, we have already gotten the retest out of the way. I don't know where it goes from here but I can imaging doubling would not be out of the question.
Consolidation nearly over . next station 80 and 90k .As you see BINANCE:BTCUSDT has been consolidating at the all time high for about 5 weeks now .
I believe that this consolidation is nearly over and we can go up to 83k and 90k in the coming weeks .
Stack your alt coin bags before halving we are going to the moon .
disclaimer . we might have another quick liquidity grab towards 60k before going to moon .
BTC to the ew ATHs from here??So BTC had a massive correction from the AThs till 60779.88, then from this price we seen a price rejecting from dropping further, this then meant that our extended WXY correction was complete, off which from this price i was expecting a bullish move with my initial entry at 63k,
Then Price rejected going below 63K which confirmed to me that now the correction is indeed complete and now we going up only, off which BTC went up and broke above 65k where if BTC fails to drop below then Im expecting it to continue going up from here, and this is a good price for my 2nd long position which should see us back to the AThs. keep it in mind that below 65k is only liquidity for long orders, so selling is not advisable at all. But otherwise if we drop below this price then expect BTC around 60 to 59K.
With BTC failing to break below 65k, up only. and remember to set your SL according,
The advisable price for a SL is at 63560.00.
Remember as always that this is NFA and trade safu.
Bitcoin to 80K ??Straight to it, so we have been in a correction since the ATHs, Correction since 11 march to 17 march,
We have seen a correction cycle extended, resulting to a WXYXZ, now expecting the bull cycle to continue with 67K the entry price for long orders and those accumulating then can buy and HODL, which would see us landing at 80K or above.
NFA as always.
dont miss, Symmetrical triangle?Maybe a Symmetrical triangle
We are seeing huge flows of money entering the crypto world, from those starting with ETFs to the most curious who see everything fluctuating double digits every week, so with Elon Musk's recent support, Doge positions itself in the center of the stage to shine like never before
XRP to 2 dollars or to the new ATHs ??Like so many out there, i have resentment over xrp, but then this beauty of a thing is showing bullish signs, off which i cannot just ignore. While other hate on xrp, others are about to get richer because of it. so who am I not to jump in on the band wagon as well.
Based on the chart:
Correction complete from 26 April 21 till 13 jun 22, then accumulation complete as well.
Bull market started 02 Jan 23 and is currently in progress.
At the current price, I'm adding more on my spot bag, as this is the entry price for those who are looking at trading this pair. Im gonna be taking longs from here as well, hope you have an awesome trading week ahead, ATB.
NFA as always.
Long Orca to 8.73Traders,
I’ve been at work testing some new indicators lately and they have been working very well so far. I want to give them a true test in predicting a pullback, but so far, they haven’t had that chance. Anyways, right now, they are all flashing green on ORCA. And it makes sense too. We’ve cracked the top of that down-trending channel, signaling that an upward break is coming soon. Additionally, we have very solid support on the underside of price. Finally, look at that beautiful bull flag that has formed. We are on the precipice of upward trajectory here. I’ve entered at 4.64 with a final target of 8.73, a SL of 3.61, and a RRR of 4.3. See you on the moon.
Stew
STARKNET TO THE MOOON📊Analysis by AhmadArz:
🔍Entry: 2.14 to 1.50
🛑Stop Loss: 5% or 10% from capital
🎯Take Profit: 2.676 - 3.21 - 3.73 >Mooon
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🚀Please boost and💬 comment to share your thoughts with us!
Bitcoin analysis of MR Trollist the chart is self-explanatory, the first wave is composed of a 5 wave and its wave 5 is exactly a length of 0.618* its wave 1 which clears many doubts and clears the vision.
also wave 3 of 3 is exactly at the time fib of 4.236 of its wave 1.
also wave 3 is near fib levels drawn from wave1 both on the log scale and arithmetic
wave 5 might break ATH and might not
my high-probability trades are for charts that have lots of previous data but Bitcoin is a monster
my personal opinion is that wave 4 will be a life-changing opportunity but this is not financial advice to put all your money in it and blame me later if it fails. As you can see in my previous trades I can find high-probability trades with a high reward that happens every week so I don't need to risk a lot to make a lot.
*********
I repeat again, do your own research and don't blame others , Toodle trolls :)
Cardano(ADA) Bull continuation Based on the chart, ADA has just completed correction wave 4 and continuation to complete wave 5 to complete wave 3 is expected, then from there we will be looking for the market to correct and complete wave 4 or if not wave 4 then we will expect market direction change.
Will keep on updating on this, but for now, at the Current Price we are expecting a bullish move.
I have indicated the chart so you can be able to see my sentiment clear.
REMEMBER..NFA
Bitcoin Bullish Continuation. to ATHsSup guys this is an update for the previous bitcoin chart analysis.
following was on the previous analysis:
Based on the chart, Bitcoin after sometime mooning, we needed a place to detour, correct and then continue mooning, so we can get to mars.
So, we have been in a correction cycle where an WXY correction structure is seen, and once correction is complete, then a continuation bullish move is expected until 55k in Bitcoin.
All important areas have been marked accordingly on the chart.
Orders from the current price with a sl: @50K can be executed depending on how your portfolio or account is.
CURRENTLY bitcoin is completing the correction, and from current price, Im expecting a bullish move.
REMEMBER THIS IS NOT FINANCIAL ADVICE BUT A GAME I JUST LIKE TO PLAY WITH SOME OF MY FRIENDS. so if you blow your account or something then Im not gonna be liable.