BTCUSD.PI trade ideas
Tracing Bullish Phase After Trump TradeIf Donald Trump's victory is seen by many experts as confirmation of Bitcoin's ATH breakout which has been going on for 237 days since March 14 2024 because after November 6 2024 or coinciding with Donald Trump's acclamation as elected President of the United States, the pinbar was marked by a significant increase in price. The streak up to the time this record was made has reached ATH at 93,547.6.
So for the next price movement, it is important for us as investors to look for the lowest point that will not be touched again by the Bitcoin bullish phase which has just begun, as in the previous bullish phase which started on November 16 2020 and ended on November 14 2022 ( 722d) which has its lowest point at 16,165.1 and its highest peak at 68,999.7
By looking at the beginning of the previous bullish phase (figure A) we clearly see that there is an area that we can mark and it is similar to the current consolidation phase, namely the one that was formed from the ATH 14 March 2024 until the break out on Trump Trade day (06 November 2024).
In this area, if we enlarge the scale to the 3hr timeframe (TradingView with a Plus register like mine cannot display below tf.3hr) then we will find signs similar to the consolidation phase before the bullish phase which is currently just starting, for example a spike with a pattern the same, or the Trump Trade breakout which I consider to be a trace of the past. Apart from that, we can also see and project how high Bitcoin will rise, which could exceed all observers' expectations, the highest being $1.000.000 per 1BTC. (figure B)
I estimate that the lowest price that will not be touched again by the current bullish phase will be at the lowest trading price on November 7 2024, namely at 85157.20 and the current bullish phase will return to this number once we can see the phase bearish later. I also see the highest price on November 7, 2024 as strong support for bitcoin at this time after 93,408.93 marking.
charts.mql5.com
trend upI see double top On daily charts, MACD is overbought and has made a double peak. We are a long way from the 200-day averages. Indicators constantly give signals for correction.
BUT, if we follow the past years, it would not be wise to expect a drop such situations.
Again, when we examine the old movements, the most effective signal is the daily RSI. Whenever we see a lower top, we have to be careful. Until then, drops are buying opportunities.
Our short term regression channel can be used to swing trade.
It is not investment advice.
Bitcoin could target $95,000 Bitcoin has tested the bullish fair value gap at approximately $88.220, which provides active immediate support. From a technical perspective, this level is a crucial pivot point.
A new consolidation phase could begin if bears close below this level, targeting $84,500. On the flip side, if the immediate resistance holds, a new bullish wave will likely emerge, with the potential to target $95,00.
Article: fxnews.me
SCENARIO 2- BITCOIN WEEKLY CHART (STRONG MOMENTUM to the upside)In this analysis I see a Cup and Handle formation likewise a Bull Flag formation ((reason why i foresee next (highs) target for Bitcoin to be within the 100k-104k range)).
As for Cup & handle price objective sits at 125k.
We see how PA unfolds in the coming weeks and months.
Bitcoin has gathered strong momentum to the upside. No doubt there will be retracements on its journey but caution is required when SHORTING Bitcoin at this time.
bitcoin, within this channel after breakout to new ATHsbitcoin, trading within this uptrend channel, since breaking out to make new ATHs. Watch for break or continuation.
BTC - Bear Move FormingPrice is now headed for the 88100 level. Once this level is taken out we will see price fall further to 85200. Bitcoin's bull move that made us some lovely profits is over!
Let's see what happens. I will keep you updated.
The Halving's Effect On Bitcoin's PriceThis chart highlights Bitcoin's trend related to the halving, with dates of the three happenings represented by vertical black lines.
The trend is based on the 2016 - 2020 cycle. From the date of the halving, I mapped how many days it took for certain events to occur.
Green: Halving to Next All-Time High (518 days)
Orange: Halving to Bear Market Breakout (994 days)
Red: Halving to Cycle Low (882 days)
Purple: Lowest Time During Cycle (112 days)
Blue Arrow: Cycle High to Next All-Time High (1,085)
Teal: Cycle Low To Next Cycle High (1,064 days)
I then copied and pasted these timelines onto the rest of the halving cycles & noticed that each of them have been correct +/- 30 days.
There are purposely no price targets in this chart, only date targets.
Keep it simple. It's all just supply and demand.
Here’s a breakdown of the human psychology that drives this price action cycle after cycle.
Year 1 after halving: The halving happens and let’s assume demand for Bitcoin stays consistent with the previous year. The supply is growing at only 50% the rate it used to. The laws of supply and demand say that price goes up. That’s historically been the case the year after the halving.
Year 2: With the price having gone up over the past year, word of mouth begins. Whispers of an investment going up ~3x in a year spreads through group chats and conversations with friends. New folks want to make money too, so they buy, driving demand up. Year 1 & 2 are where most of the price increase happens.
Year 3: What goes up, must come down. Folks who bought two years ago could be up 5,10x, 20x on their initial investment. They begin cashing in, and demand starts to slow down. People begin to lose money and decide to sell, causing many others to do the same. Demand is way down, and so is price.
Year 4: With price having gone down 50-70% the year before, long-term investors are scooping up crypto at a great price if they plan to hold until the next cycle. With those investors bringing demand back to life, price begins to go up. WIth the halving coming soon, the cycle starts over again.
BTC NEXT MOVEMissed a pretty good trade by not so much tonight, this is tough.
Not displayed here but we went with Fibonacci tools for this one, using different colours and methods.
This new HH today puts a big step towards the 100K rally, which will however not be completed right now but at least in 2025.
100% believe everything you see online All these crypto gains be 100% real, trust me bro, seriously, why would you think it's not real?
The number 1400 in the Bitcoin chartThe pattern where there is a roughly 1,400-day interval between two peaks or two bottoms in Bitcoin cycles aligns with Bitcoin’s four-year cycles. These cycles are usually associated with the Bitcoin halving event, which occurs approximately every four years and reduces the rate at which new Bitcoin is created. Historically, this event has been followed by new bullish trends in the Bitcoin market.
In Bitcoin's four-year cycles, the general trend is as follows:
Halving: A reduction in supply due to the halving of mining rewards increases demand and initiates an upward trend.
Bull Run: Bitcoin’s price rises rapidly and reaches new highs.
Correction and Decline: After reaching a peak, the market usually enters a corrective phase, and prices decrease.
Bottom Phase: Prices gradually reach a bottom and stabilize for a while until a new cycle begins.
These cycles, with approximately 1,400 days between two peaks or two bottoms, are consistent with Bitcoin’s historical patterns. However, as the market matures and more institutional players enter, these cycles may evolve, but so far, the pattern has remained.
BTC SeahorseBitcoin and the anatomy of the seahorse pattern, starts off with a nice w double bottom formation. Breaks out from its counter trend, then forms a head when retracing before continuation to either direction buyers or sellers become stronger. Profit taking at these points also a factor not to be overlooked.
My old forecasts on BItcoin price#BTC
#USDT
In the longer term (5+ years), Bitcoin has the potential to become a global reserve asset, competing with traditional financial systems. If it continues to gain mainstream acceptance and its limited supply becomes more recognized as a hedge against inflation, Bitcoin could reach unprecedented highs. Price projections could see Bitcoin's value surpassing $200,000 or even approaching $500,000, depending on global economic shifts, the evolution of blockchain technology, and the overall state of the financial markets.
My old forecasts on BItcoin price#BTC
#USDT
In the longer term (5+ years), Bitcoin has the potential to become a global reserve asset, competing with traditional financial systems. If it continues to gain mainstream acceptance and its limited supply becomes more recognized as a hedge against inflation, Bitcoin could reach unprecedented highs. Price projections could see Bitcoin's value surpassing $200,000 or even approaching $500,000, depending on global economic shifts, the evolution of blockchain technology, and the overall state of the financial markets.
BTC triangle theory - the big pictureBitcoin seems to be regressing to the mean with the latest bull run. On a logarithmic view, a linear or even exponential upward trend can appear as a gradually flattening or asymptotic curve (the white line that bisects the highs and lows). This trend is identified by smoothing out the price history with a geometric "best fit" and with trend lines (in dark green) that can be drawn retrospectively extending from prior lows to subsequent highs. Extrapolating this pattern onto the recent BTCUSD chart, and with weekly closing prices as a guide, we see that bitcoin is now once again approaching (at around $90K USD) the mid-region of its potential for historic gains. The top half of these gains have been highlighted with a triangle, which in each cycle features a base along the smoothed mean. The final triangle, yet to be filled, is an extrapolation of the past pattern of cycles.
BTCUSD AnalysisMy sight of the current uptrend on BTC. Trough my analysis BTC will make a correction on the Zone.
When BTC makes a little correction and the price "calms down" I Think the Altcoins will make big moves.
Bitcoin analysisI'm not a bitcoin trader, but with professional analytical tools, I have determined an analysis for the future of the price of bitcoin, now according to my prediction, the price is in a big D wave.
This analysis will be updated
Long Term $BTC trend - Higher than you thinkI just wanted to share this post for a bit of posterity for my sake, I have been formulating this thesis for months and am posting this for me as I am surprised I haven't posted a chart incorporating all of this already.
Looking back, we can see what a BPS cut does to BTC in the short and long term. I've posted here about what could happen in the days following a cut, but that seems to be largely invalidated to date. That's okay since we invalidated to the upside.
I think BTC can go much, much higher from here. Retail FOMO is only just beginning. CB app hit #1 today
I posted this partly in jest the other day-- but it is really true. The Banana zone is here, and it's time to try to wrap our minds around exponential, compounding growth. Get comfortable being uncomfortable!
Bitcoin Next Target $107,000 – Key Warnings to Protect Profits!Is Bitcoin on the brink of an explosive move to new all-time highs, or are we staring down the barrel of a potential market reversal? Our in-depth Fibonacci analysis highlights the critical levels that could dictate Bitcoin's next massive swing. With the cryptocurrency now hovering around pivotal points, the stakes have never been higher. Will Bitcoin soar towards $107,000 and beyond, or will hidden resistance levels turn the trend against bulls? Brace yourself – here’s everything you need to know to navigate the market and protect your profits at every step.
0.5 Level at 90,000:
This 50% retracement level often acts as psychological and technical support in an uptrend. Staying above 90,000 strengthens the bullish case, indicating market confidence at this midpoint of the recent low-to-high range.
0.382 Level at 107,000:
This is the next major resistance. Breaking above 107,000 would reinforce the uptrend, showing strong market momentum past a commonly respected Fibonacci level. Such a move could bring the next target at the 0.236 level into focus.
0.236 Level at 129,000:
If the price breaks above 107,000, a target around 129,000 becomes likely. This level often acts as strong resistance in retracement, so approaching it might invite selling pressure. However, a breakthrough would signal strong bullish momentum, potentially aiming for the all-time high (~164,000) as the next major target.
0.618 Level at 72,000:
This is a critical support level if the price moves downward. If it falls below 90,000, 72,000 might act as strong support, often referred to as the “golden ratio” in Fibonacci analysis. Holding above 72,000 would indicate the long-term uptrend might still be intact despite a pullback.
0.786 Level at ~48,000:
This would be the last major support in case of a sharp drop. Falling to this level would signal significant weakness in the trend, potentially indicating a shift from bullish to bearish over the long term.
Bullish Indicators
Overall Uptrend: The price has been on a steady rise from previous lows, showing upward momentum.
Strong Support Above 90,000 : Holding above this level strengthens the bullish scenario, indicating strong buying interest.
Potential to Reach 107,000 and 129,000: Breaking above 107,000 could open the door to the next resistance at 129,000, continuing the trend upwards.
Bearish Indicators and Warnings
Failure to Hold 90,000: If the price drops below 90,000, it may signal a loss of bullish momentum, leading to a retracement to the 0.618 level at around 72,000, where stronger support might be tested.
Potential Reversals at 107,000 or 129,000: Fibonacci resistance levels, especially around 107,000 and 129,000, could trigger reversals if the market encounters strong selling pressure.
Risk of Larger Pullback to 48,000: Though less likely in a strong uptrend, a break below 72,000 would indicate a major bearish shift, possibly pushing the price toward 48,000, the 0.786 retracement level and critical long-term support.
Summary
Bullish Scenario:
Holding above 90,000 with potential breakouts above 107,000 and 129,000 could confirm the continuation of the uptrend, targeting new highs.
Bearish Scenario: A drop below 90,000 could lead to a retracement to 72,000, with 48,000 as a critical support in a more extended downturn.
The trend is upward overall, but keep a close eye on these Fibonacci levels. They can act as both targets and potential reversal points, so exercise caution, especially if there's a break below the 50% retracement around 90,000.
Bitcoin Price: Key Support and Resistance Levels to WatchBitcoin has recently completed a break of structure within its internal framework, positioning its current price range between $85,000 and $93,300. Following this significant surge, a retracement is anticipated, with the closest retracement zone identified between $90,500 and $88,900, which aligns with Bitcoin’s equilibrium level.
🔑 Key Observations:
1️⃣ Above $88,900: As long as the price stays above this level, Bitcoin is expected to maintain its upward momentum. ⭐️⚡️
2️⃣ Below $88,900: A break below this threshold could trigger a move toward the nearest support zone at $86,000, marked in blue on the chart.
The bullish scenario for potential higher prices is illustrated in white on the chart, while the corrective scenario, indicating a possible downward movement, is shown in yellow.
Stay alert to these key levels and trends to optimize your trading strategy.
Follow for regular updates! ✅
