COPY to show results built into FOREXView now and before. Halving works out but into different volumes. BITCOIN has a target, we will see the MAGIC NUMBERS at a later time.
Above $80K?
Smart Money has a plot, so do I.
BTCUSD.PI trade ideas
Bitcoin: Support Levels (Main Support Is...)Since we are expecting a drop, let's look at Bitcoin's different support levels based on different high and lows and extraction methods.
➢ In relation to the up-move between 5-August and 21-October, the following levels show up as the most relevant:
1) $56,879
2) $44,311
3) $36,542
➢ Considering the move starting the 17-August 2023 low, all the way to the high hit in March 2024, this is what we get:
1) $55,041
2) $43,492
3) $35,271
Basically the same numbers...
➢ Moving averages Daily (D) & Weekly (W) timeframes:
EMA377 Daily reads —$55,282
EMA55 Weekly reads —$55,567
EMA144 Weekly reads —$43,479
MA200 Weekly reads —$40,402
EMA233 Weekly reads —$36,731
EMA377 Weekly reads —$28,903
➢ Considering the entire bullish cycle from November 2022 through March 2024, we get the following support levels:
1) $51,477
2) $44,602
3) $37,727
4) $27,938
➢ Conclusion
👉 The main three support levels are set around 55K, 43K and 36K.
These are the main support levels based on several extraction methods.
Do you agree?
What do you make of these numbers?
How far down do you think Bitcoin will go?
Leave us a boost and a comment.
Thanks a lot for your support.
Namaste.
Bitcoin Whale Accumulation Hits All-Time High as Price ReboundsBitcoin ( CRYPTOCAP:BTC ) has recently bounced back to the $68,000 mark following an unprecedented wave of whale accumulation. With whale wallets—holding over 100 BTC—hitting all-time highs and major institutional players like BlackRock increasing their Bitcoin holdings, market sentiment around BTC is cautiously bullish. Yet, the recent price rally faces key technical tests, including a potential Golden Cross formation, raising questions about Bitcoin’s next move and the likelihood of reaching new all-time highs by the upcoming U.S. elections in November. This article explores the fundamental and technical factors influencing Bitcoin’s recent price movements and its near-term outlook.
Whale Accumulation and Institutional Influence
Whale Wallet Surge and Market Sentiment
According to recent data from analytics platform CryptoQuant, the number of Bitcoin ( CRYPTOCAP:BTC ) whale wallets holding over 100 BTC has grown by 297 over the past two weeks, bringing the total to a record-breaking 670,000 BTC. This trend indicates rising confidence among large holders, often viewed as market “smart money,” signaling they see value in BTC at its current price levels. Historical data from CryptoQuant suggest that when whale holdings increase, BTC price typically moves sideways or experiences moderate dips, reflecting a consolidation phase that often precedes a market surge.
BlackRock’s ETF and Institutional Accumulation
A notable catalyst in Bitcoin’s current rally is the inflow from institutional investors. BlackRock’s Bitcoin ETF, IBIT, has recently accumulated nearly 30,000 BTC over nine trading sessions, now holding more than 399,000 BTC, which accounts for approximately 2% of Bitcoin’s total supply. This accumulation by BlackRock is viewed as a bullish signal, as it brings increased stability to the asset class. The ETF inflows provide liquidity, while also limiting circulating supply, potentially creating upward pressure on price.
Technical Analysis
After facing rejection at the $69,000 level, Bitcoin’s price has found robust support around $65,500. This rebound has seen CRYPTOCAP:BTC gradually climb back, hovering near $68,000 as of today. Despite this recovery, Bitcoin needs to break past the psychological $69,000 resistance to maintain its uptrend and push toward new highs.
Golden Cross Formation: Bullish Signal or Caution Ahead?
Bitcoin ( CRYPTOCAP:BTC ) is showing signs of forming a “Golden Cross”—a bullish technical indicator where the 50-day moving average (MA) surpasses the 200-day MA. This pattern, often seen as a signal of a bullish trend continuation, indicates that CRYPTOCAP:BTC could be preparing for a sustained rally. However, while a Golden Cross is traditionally optimistic, CryptoQuant analysts caution investors about its reliability, especially during periods of heightened market uncertainty.
RSI and Momentum Analysis
With an RSI currently at 61, Bitcoin ( CRYPTOCAP:BTC ) is showing moderate momentum, suggesting there is still room for potential growth. Generally, an RSI reading above 50 indicates an uptrend, but with BTC’s RSI not yet overbought, there’s potential for further price appreciation before encountering major resistance.
Will BTC Hit New Highs by the U.S. Elections?
Many analysts point to the U.S. presidential election season as a potential catalyst for Bitcoin ( CRYPTOCAP:BTC ). Some believe that reaching a new all-time high within ±21 days of the November 28 election date would indicate strong sentiment and sustained momentum in the current bull cycle. However, if Bitcoin fails to break past its previous highs, it may signal a slowing in bullish momentum, possibly prompting a period of correction.
Conclusion
The recent increase in whale wallets and institutional accumulation signals robust confidence in Bitcoin’s long-term value, even as it faces near-term resistance. With the potential formation of a Golden Cross, CRYPTOCAP:BTC may be on the brink of a new rally, though caution remains as market conditions are complex and uncertain. If Bitcoin ( CRYPTOCAP:BTC ) breaks past $69,000, it could pave the way for a test of $70,000 and higher. As we approach the U.S. election season, CRYPTOCAP:BTC investors and traders will be watching closely to determine whether this wave of optimism can carry Bitcoin to new highs.
For investors, the rise in whale accumulation and institutional holdings points to bullish sentiment. However, remaining cautious of technical signals such as the Golden Cross and key resistance levels will be critical in navigating Bitcoin’s volatile path ahead.
BTCUSD Analysis Today: Technical, Order Flow and On-Chain !In this video I will be sharing my BTCUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your crypto trading skillset. The video is structured in 4 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software, then I will be moving to the on-chain analysis and lastly I will be putting together these 3 different types of analysis.
BTCUSD: This is just a huge Bull Flag on the way to 200kBitcoin just turned borderline bullish on its 1W technical outlook (RSI = 57.457, MACD = 2355.100, ADX = 20.299), which is very positive long term as the buyers are making their presence felt for the first time since March. Supported by the 1W MA50, it is a huge development that the 1W MACD has formed a Bullish Cross. The same set of formations occurred in April 2020. We believe the two patterns to be similar and this makes the 7 month Megaphone just a mid Cycle Bull Flag. The 2020 pattern peaked on the 2.0 Fibonacci extension. If that is replicated, then Bitcoin can break 200k by the end of 2025 (TP = 215,000).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Selling BTC/USD at 69,000Although trading in Bitcoin continues to be mixed and volatile, there are certain factors that offer a negative bias:
• We posted a bearish Outside Daily candle on October 21. This formation is often seen at the top of the trend and the start of a new downward bias.
• We have broken out of an Ending Wedge formation to the downside. This pattern offers a measured move target of 62,033.
• The intraday chart highlights the building of a bearish Bat formation. We have substantial resistance is located at 69,000.
This trade plan will expire at midnight on October 24.
SL: 70,250
TP1: 62,055
R Rate 5.56
#tradeplan #bitcoin
BTCUSD I Forecast and trading plan Welcome back! Let me know your thoughts in the comments!
** BTCUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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!Welcome back! Let me know your thoughts in the comments!
BTC Oct, 2024All currencies appearing in this post are fictitious.
Any resemblance to real currencies, existing or dead, is purely coincidental.
Stand pat!Hey guys and girls,
Here is an updated chart from my (Nov 12, 2023) post
As you can see, this is only half of the battle!
Further targets: $ 74k, $ 84k, and $ 100k
Appendix:
Structure: 5-3-5 (Inverted)
Bitcoin halving countdown: 49 Days
Technical Section:
Wave 5 has two different relationships:
1- If wave 3 is less than 161.8% of wave 1 -----> the 5th Wave overextends itself.
2- If Wave 3 is greater than 161.8% of wave 1 -----> Wave 5 = 100% , 161.8% or 262% of wave 1
BTCUSD - Key Bullish Signal?20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Your interest motivates me.
How I see it:
Daily candle body closed above key confluence area.
Will demand/support hold for strong bullish continuation to new ATH's?
Thank you for your time reading, boosting or following my analysis.
I deeply appreciate it.
BTC to 72 Ultimate ICT/SMC Concepts Clarity wow look at the algorithm at work if you know you know. lets start with the sellstop raid of 53 then we proceeded with orderflow of bullish order blocks being respected as well as the fair value gaps. present time we price breaking out of an inversion fair value gap. the highs over 72 are too smooth price will want to gravitate towards that. that is my bias
BULLISH ON BITCOIN, WE AIN'T GOING DOWN YETTrend analysis, we got good support as where we are at, the accumulation proccess is happening, it's a small cycle but still will result with a good pump
btc cup and handle BTC will retest 73,5k ATH then will go doen to form the handle to 58k area then new ATh tp 83,5k then massive crash
BITCOIN TODAY - STILL THE KING OF THE CEREMONY (TA+TRADE PLAN)Price Levels and Resistance Zones:
The chart shows several key resistance and support levels marked by blue horizontal lines.
Major Resistance Levels:
$73,654.77
$71,552.73
$69,730.95
Support Levels:
$65,947.27
$60,061.54
$52,774.45
Bitcoin is currently trending upward, with price action near $70,734.95, approaching the resistance zone at $71,552.73.
VMC Cipher B Divergences:
The VMC Cipher B indicator shows bullish momentum with green dots, signaling possible upward continuation.
The RSI and Stochastic lines are also above mid-levels, suggesting continued bullish momentum.
RSI (Relative Strength Index):
RSI (14, close) is at 77.25, indicating overbought conditions. This could mean a possible retracement or consolidation in the short term. However, a strong uptrend may continue if Bitcoin maintains support levels above 70.
Stochastic Oscillator:
Stochastic (14, 1, 3) is also at a high level, around 86.19, indicating overbought conditions. This aligns with the RSI and could signal a need for caution on long positions until the oscillator moves back to a neutral or oversold region.
HMA+ Histogram:
The histogram indicates some bullish divergence, but recent bars are turning red, signaling a potential pullback or pause in momentum. Monitoring this for further bearish signs is essential, especially if it crosses below zero.
Trading Plan
Short-Term Strategy:
Entry: Consider entering a long position on a pullback to support around $69,730.95 if bullish signals persist.
Stop-Loss: Place a stop-loss below the $65,947.27 support level to limit potential downside risk.
Take-Profit: Target $71,552.73 as the primary take-profit level. If momentum remains strong and BTC breaks above $71,552.73, consider holding for $73,654.77.
Medium-Term Strategy:
Entry: Buy on confirmation of a breakout above $71,552.73 with strong volume.
Stop-Loss: A stop-loss slightly below the breakout level at $69,730.95.
Take-Profit: Set a take-profit target around $73,654.77. If Bitcoin breaches this, reassess the position for potential gains towards higher levels.
Risk Management:
Position Sizing: Risk no more than 1-2% of the trading account on each trade.
Trailing Stop: Implement a trailing stop if Bitcoin strongly surpasses $71,552.73, to lock in gains while allowing for additional upside.
Monitoring Indicators:
Keep an eye on RSI and Stochastic Oscillator for any signs of bearish divergence or weakening momentum.
Monitor VMC Cipher B for any shift in green dots to red, which could indicate potential retracement.
Overall Market Sentiment:
Given the current uptrend and approach to resistance, Bitcoin shows bullish sentiment. However, indicators suggest overbought conditions, so caution is advised.
We are very close to a full blown out bullrun in 2025"The whole model consists of 5 submodels:
0. Days t since GB to normalized blocks h = Blocks/210k piecewise linear transformation (Preliminary step).
1. Power Law (log-log linear regression) over h. BTC = h^5.4*10^1.5
2. Diminishing return bands. -0.79^(h+0.9)<deviation of Log10(BTC) from the Log10 of the PL <+5/3*0.79^(h+0.9)
3. Harmonic oscillator with diminishing amplitude. Sin(2pi*h)
4. Time delay learning curve G(h)/2pi.
5. Lines and zones inside the bands.
That is all. Nothing else! Just verify the math."
Leo Heart
Time to short, back to 64kWith 3 recent liquidation that happened previous week ( one on Wednesday because of S&P drop , one on friday because of tether news and one on Saturday because of Israeel attack on Iran)
I dont think buyer are in control anymore , price is pumping on low volume weekend so that whales get out of their positions before the US market opens tomorrow .
Idea is simple with all this risk and heavy selloffs, it's very reasonable to atleast go to lower part of trendline at 64k before starting another leg up if Trump gets elected
Bitcoin Market Analysis: Key Support LevelsHello Traders! In this analysis, I'll be breaking down my current perspective on Bitcoin's recent price action and highlighting key support and resistance levels to watch. Let's dive in!
🔍 Overview:
Bitcoin recently retraced to the $50,000 level, encountering robust support within a well-established price channel. This channel, which previously marked significant highs and lows, has held up through multiple retests and continues to offer strong support for a potential move higher.
📈 Key Technicals:
Support Levels: Bitcoin respected the $50,000 mark, coinciding with the lower boundary of a major price channel and an anchored VWAP from the previous impulse around $23,000. These levels offer a strong base for potential rebounds.
Range Analysis: Looking back, Bitcoin has faced rejections near prior value area highs, but it recently managed to reclaim and hold these levels. Each retest and bounce within this area reinforces the strength of this support.
Conflicting Signals: While Bitcoin shows strength in the high timeframe, lower timeframes reveal a slight downtrend within a descending channel, which could limit immediate upside in the short term. However, the weekly close above the channel suggests resilience.
📉 Strategy:
I'm monitoring for a sustained hold above $50,000 and any signs of breaking out from the low timeframe downtrend. If we see continued strength above this level, it may confirm an upward bias. This setup could present a favorable opportunity for a long position, aiming to capture the next wave higher.
What are your thoughts on Bitcoin’s current trajectory? Let me know in the comments and share your insights! 🚀
#Bitcoin #BTC #Crypto #TradingSetup #SupportAndResistance #MarketAnalysis
Bitcoin (BTC): Price Testing Again Major Resistance ZoneOn a daily timeframe we are seeing price back at resistance testing it (after a successful re-test of blue zone).
Now that we are in a new weekly opening zone, we are monitoring the price of Bitcoin near this zone for multiple reasons.
The first would be that it is the zone of ATH and the second is that we are near elections in the US, which have a huge impact on the crypto market.
Volatility is guaranteed soon so be careful!! We wait for weakenss to kick in after what we want to see a further movement to lower zones!
Swallow Team
October 28 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
Here is the Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
There are Nasdaq variables, and I was very worried because the short-term pattern was broken.
*Red finger one-way long position strategy.
1. 68,242.5 dollars long position entry point / cut-off price when the green support line is broken
2. 69,812 dollars long position 1st target -> good 2nd target
The purple finger section at the top is
important because it can be connected to an upward trend.
When operating a short position, operate at a cut-off price when the orange resistance line is broken
and if this section is broken, it is a vertical rise.
Purple finger 69K short -> red finger 68.2K long strategy
Is this the minimum wave for it?
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with principle trading and stop loss prices.
Thank you.
BTCUSD Buyers In Panic! SELL!
My dear friends,
BTCUSD looks like it will make a good move, and here are the details:
The market is trading on 67614 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 67240
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
I is finnishing!In my opinion, one bearish leg seems necessary to complete the final leg of the diametric as the I for bigger symmetrical. so be careful until next week!
Bitcoin two wicks probably will sent to new ATHpersonal idea: Bitcoin daily time frame technical behavior is extremely buliish in my opinion and moving technically and logically towards new ATH. we see two nice wicks against 65500 and based on the fib retracment I think target may be around 80-89k. Good 🙂 luck 👍
Bitcoin 6-12 months analysisBitcoin experienced a large price increase in the past few months, as you had analyzed the price of Bitcoin from $20,000 in the past, this time I will also analyze the path of Bitcoin from the price of $64,000, Bitcoin experienced a total increase up to $80,000. but in two different cases, Bitcoin can decrease to the price limit of $50,000 and move from this price to $80,000, or in the same price and range that it is at this moment, directly to 80. $000 moves and reaches this price, I consider targets for traders which are $70,000, $75,000 and $80,000 respectively for this analysis.
In addition to this increase, consider that all digital currencies react positively to this increase because all digital currencies have a positive correlation with Bitcoin, only the percentage of correlation between them is different.
Sasha Charkhchian
