Bitcoin | Liquidation of Highly Leveraged LongsBitcoin's price movement often reflects a balance between bullish sentiment and market corrections. In this scenario, we anticipate an upward trend overall. However, there is a potential for a short-term dip caused by the liquidation of highly leveraged long positions.
When a large number of traders enter long positions with high leverage, it creates a fragile market structure. If the price dips slightly, triggering stop losses or margin calls for these leveraged positions, a cascade of liquidations can occur. This sell-off pressure can temporarily drive the price down.
In such a situation, the orange box represents a strong support zone, likely characterized by high buying interest or significant historical price activity. As liquidations occur and the price approaches this area, it is expected that buyers will step in, absorbing the sell pressure and stabilizing the price. This makes the orange box a key level for potential reversals or consolidation before the upward momentum resumes.
My last bitcoin analysis. 📈 BTCUSDT.P: Two Key Demand Zones
This explanation highlights the importance of understanding leveraged dynamics and support zones in Bitcoin trading.
I keep my charts clean and simple because I believe clarity leads to better decisions. Trading doesn’t have to be overly complicated, and I enjoy sharing setups that have worked well for me.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. It’s all about learning and growing together as traders, and I’m here to share what I see.
The markets can confirm what the charts whisper if we’re paying attention. I hope these levels help you as much as they’ve helped me in the past. Let’s see how this plays out!
My Previous Hits
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
At the end of the day, trading is a journey. I’m happy to share mine, and I’d love to hear your thoughts as well. Let’s keep learning and improving together. 😊
Bitcoinidea
Bitcoin Bulls Beware: The "Mother of All" Head & Shoulders Is LuOh, Bitcoin. The gift that keeps on giving—and by giving, I mean serving up enough drama to rival a reality TV show. 🎭 Right now, the charts are screaming something that no bull wants to hear: “Head & Shoulders Incoming!” Yep, the "Mother of All" Head & Shoulders patterns is staring us dead in the face. 👀 So let’s talk about it—before you YOLO your life savings into the next parabolic trap. 🚀💸
The Head & Shoulders: Bitcoin’s Drama Queen Moment 👑
Let me break it down for the bulls who are too busy chanting “TO THE MOON!” 🌕 to notice the iceberg ahead. ❄️
The Head & Shoulders pattern is the chart equivalent of a red flag 🚩. Imagine this:
🟢 Left Shoulder: A confident high—Bitcoin strutted its stuff back in 2021, reaching new heights.
🟢 The Head: Fast forward to now, where we’ve hit $95,000 and everyone’s acting like Bitcoin’s the next messiah. ✝️
🟢 Right Shoulder (Projected): Oh, honey, this is where it gets juicy. That weaker rally you’re about to see? It’s Bitcoin saying, “I’m tired. Let me rest.” 🥱
And the neckline? That’s the last thread holding this fragile rally together. Snap it, and we’re not just falling—we’re BASE jumping without a parachute. 🪂
Why This Pattern Is a Bull Killer 🐂🔪
The Neckline is the Guillotine:
If Bitcoin breaks below the $68,000-$72,000 zone (the neckline), it’s game over. 🎮 Expect the bears 🐻 to drag prices down faster than a meme stock crash. Think $12,000-$16,000. Ouch. 🩹
Parabolic Moves Always End Badly:
Every bubble in history starts with euphoria and ends with tears. 🥲 Remember 2017? Yeah, me too. If your strategy is “buy high, pray higher,” consider this your intervention. 🙏
Smart Money is Already Exiting:
While retail investors are busy chanting, "HODL!" 🗣️, the big players are already cashing out. You’re not buying the future; you’re buying someone else’s exit strategy. 🏃♂️💸
The Bull Arguments (and Why They’re Hilarious 🤡)
Let’s address the hopium-filled arguments Bitcoin bulls love to make:
“Bitcoin’s going to $1 million!”
Sure, and my grandma’s starting a TikTok empire. 🙄 Hyperbolic targets are fun until you realize they’re marketing tactics for bag holders. 🎒
“This time is different!”
Yes, this time is different—it’s a bigger bubble with more memes. 🐸💥 The math doesn’t care about your feelings.
“Buy the dip!”
At $12,000, you’ll be wondering, “Which dip were they talking about?” 🕳️ Spoiler: It’s not this one.
What’s Next? The Wild Ride Ahead 🎢
So, what should you do while Bitcoin flirts with financial disaster? 🤔
For the Bulls: Tighten those stop losses! If you’re still screaming “HODL,” you’d better enjoy emotional rollercoasters. 🎢
For the Bears: Grab some popcorn 🍿 and wait. When the neckline breaks, it’s gonna be a feast.
For Everyone Else: Stop trading like you’re gambling in Vegas. 🎲 Learn some strategy, or better yet, join our Road to a Million Club 🚦 where we teach you how to trade smart and avoid emotional wreckage.
Final Word: Don’t Be the Greater Fool 🧠
Bitcoin’s meteoric rise is mesmerizing. But remember, meteors burn out. 💥 This Head & Shoulders pattern is the market’s way of saying, “Party’s over.” 🎉 You can keep pretending the moon 🌕 is within reach, or you can wake up and start playing the game strategically.
Join the Road to a Million Club 🌟 if you’re ready to stop chasing dreams and start creating real wealth. Because when Bitcoin decides to tumble, it’s the prepared who’ll walk away richer. 💼💎
Stay sharp, stay sarcastic, and don’t let the bulls take you down with them. 🐂💔
Bitcoin BTC Analysis By Skyrexio: Correction To $85k Is IncomingHello, Skyrexians!
In our last Bitcoin analsys we pointed out how BINANCE:BTCUSDT will break $100k and why it's not going to happen with the first attempt. There we expected correction before the bullish continuation. Now it looks like our scenario is playing out. Let's look in details when this correction will be over.
Let's take a look at the 4h time frame. We can see there the large wave 3 which has been finished almost at $100k. This wave consists of 5 Elliott waves inside. All this small cycle has been finished with the bearish divergence and the red dot on the Bullish/Bearish Reversal Bar Indicator . You can see two red dot. On low time frames, like 4h it's needed more than signal to have the high probability of reversal.
Large wave 3 is finished and now it's time for wave 4. This wave is likely to be the zigzag ABC. Waves A and B have been already printed, now price is I wave C. The target for this dump is clear, waves 4 tend to reach 0.38-0.5 Fibonacci retracement levels. Moreover the wave 4 of lower degree usually ends at the same zone. As a result we have the very strong potential reversal level at $85k approximately. After reaching this zone expect the bullish continuation to the target $107k.
Best regards,
Skyrexio Team
___________________________________________________________
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BTCUSD Trade LogBTC Long in 4H FVG
Entry : Within the 4-hour Fair Value Gap (FVG) at a relative discount level.
Risk Management : Risk 1% of your trading capital, incorporating any commissions.
Risk-Reward Ratio (RRR) : 1:2 (set the take-profit at twice the distance of the stop-loss).
Take-Profit (TP) : Position the TP below the 1-hour bearish FVG, which has signaled a potential short opportunity.
Confirmation : Ensure a strengthening uptrend in the Cumulative Volume Delta (CVD) to confirm increasing buying pressure.
This strategy balances the long opportunity while respecting potential bearish setups in shorter time frames.
Bitcoin Ending of 2024Bitcoin Price Forecast: A Nocturnal Market Analysis
In the world of cryptocurrency, the twilight of the market reveals hidden patterns. As Bitcoin stands at its current threshold, we anticipate a compelling journey that starts with a retracement toward key support levels, setting up a crucial bounce.
Phase 1: The Pullback to $85K
Bitcoin's recent rally has brought us into an area of overextension, and with any strong upward momentum, a healthy correction is inevitable. The market will likely test the 2.618 Fibonacci extension level, located near $85,000. This zone marks a natural retracement point where the market will digest its prior gains, drawing in buyers looking to capitalize on discounted prices.
Phase 2: The Bounce
Upon reaching this critical support level, the market will reveal its true potential. The 2.618 Fibonacci level isn't just a number; it's the point at which bulls typically gather strength. Expect a strong bounce here, as this level has historically shown resilience, and it could set the stage for an explosive move upward.
Phase 3: A Rise to the 423.6 Fibonacci
Once the 2.618 level holds and Bitcoin begins its ascent, the next target lies at the 423.6 Fibonacci extension. This level, a key resistance zone, represents the potential to propel Bitcoin to new heights. The $150K+ region will become a focal point for the market, as Bitcoin positions itself for its next major leg up.
Is Bitcoin's Liquidity Index a Reliable Indicator for PredictingBitcoin (BTC) has been making significant strides in recent times, and a new analysis suggests that the cryptocurrency could reach a local top of $102,000 by January 2025. This prediction is based on the behavior of Bitcoin's liquidity index, a metric that measures the ease with which Bitcoin can be bought or sold.
The Significance of Bitcoin's Liquidity Index
The liquidity index is a crucial indicator of market sentiment and potential price movements. A higher liquidity index suggests increased investor interest and a stronger demand for Bitcoin. Conversely, a lower liquidity index may signal waning interest and potential price declines.
Historical Correlation Between Liquidity Index and Bitcoin Price
Historical data reveals a strong correlation between Bitcoin's liquidity index and its price. In the past, periods of high liquidity have often preceded significant price rallies, while periods of low liquidity have coincided with price corrections.
The 2025 Prediction
Based on the current trend of the liquidity index, analysts predict that Bitcoin could reach a local top of $102,000 by January 2025. This projection is supported by the historical correlation between the index and Bitcoin's price.
However, it's important to note that this prediction is based on the assumption that the historical correlation between the liquidity index and Bitcoin's price will continue to hold. While this assumption is reasonable, it's not guaranteed. Several factors could influence Bitcoin's price trajectory, including macroeconomic conditions, regulatory developments, and geopolitical events.
Potential Correction After the Peak
Following the projected $102,000 peak, Bitcoin may undergo a correction to around $70,000. This potential correction could be driven by profit-taking, overbought conditions, or a shift in market sentiment.
Factors Influencing Bitcoin's Price
Several factors could impact Bitcoin's price in the coming months and years:
1. Macroeconomic Conditions: Global economic conditions, such as inflation rates, interest rates, and GDP growth, can significantly influence Bitcoin's price.
2. Regulatory Environment: Regulatory clarity and favorable policies can boost investor confidence and drive Bitcoin's adoption.
3. Institutional Adoption: Increased adoption of Bitcoin by institutional investors, such as hedge funds and pension funds, can provide significant price support.
4. Network Upgrades: Technological advancements and network upgrades can enhance Bitcoin's scalability and efficiency, attracting more users and investors.
5. Market Sentiment: Investor sentiment, including fear, greed, and speculation, can play a significant role in short-term price fluctuations.
Conclusion
While the liquidity index suggests a potential $102,000 peak for Bitcoin by January 2025, it's essential to approach this prediction with caution. The cryptocurrency market is highly volatile, and unforeseen events can significantly impact Bitcoin's price.
Investors should conduct thorough research and consider consulting with financial advisors before making any investment decisions. It's also crucial to diversify one's investment portfolio and manage risk effectively.
As Bitcoin continues to evolve and mature, its long-term potential remains significant. However, investors should be prepared for both upside and downside volatility in the short term.
#BTCUSDT: Bitcoin to 100k is not far now! Get ready In our previous chart, we identified a potential swing buy planning area at 60k, where we anticipated a price reversal. The price subsequently reversed and is currently at 68k. Examining the price behavior in this pattern, we observe a Wyckoff strategic pattern on the two-day timeframe. The pattern has been completed, and the price is currently in a distribution phase. Potential targets include an all-time high, with 80k as the next target, followed by 90k and a final target of 100k. While this may seem optimistic, we base our actions on observed price behavior, which currently indicates the potential for a significant move. We appreciate your feedback and encourage you to follow for more insights.
Bitcoin Analysis Base On Eliott Wave Theor and Macro EconomicsBitcoin Projection
Base On Technical Analysis Eliott Wave Theory & Macro Economics
Target Price (Bullish Scenario) :
🔹$108.000 = Fibo Extend 1.272
🔹$134.000 = Fibo Extend 1.414
🔹$182.000 = Fibonacci Extend 1.618
INDEX:BTCUSD
BINANCE:BTCUSDT
Be Careful :
🔹BTC might pullback before breaking out over $100K.
🔹BTC is now in the final Impulse Wave (Wave 5). When Wave 5 finishes, a deeper correction might happen
DISCLAIMER :
🔹BTC might pullback before breaking out over $100K.
🔹 Fibo Extend 1.618 is hard to visit, it'll take a while & need some corrections.
🔹Consider trailing TakeProfit in $108K-$134K (In case BTC successfully breakout from $100K)
🔹Be careful of unexpected bad news.
🔹Watch US inflation rates during The FED's rate cuts, as higher liquidity will boost purchasing power and impact inflation.
🔹ETF's Inflow have entered too much, one day hedge funds will taking profit, be careful !.
🔹Donald Trump's company tax cut policy will impact to inflation. If it happens, The FED might have to stop rate cuts, or even raise interest rates.
BITCOIN - A detailed Important scenario of what will happen!Anyone who puts 2025 as the end of the cycle is wrong, in my view In this analysis, I will list for you all the next steps, starting from now.
- Altcoins and Bitcoin will rise to 85k, and it will happen from here until the end of June - the beginning of July.... This will coincide with TOTAL3 reaching 900B - 1T.
-There will be a strong correction for the entire market, and Bitcoin will return to 72k and TOTAL3 will return to 700B - 730B. - In the period between August and October, Bitcoin will rise alone, and alternative currencies will begin to rise slightly
- Trump wins the US elections, and remember what he said two days ago regarding cryptocurrencies, and this would bring great positivity to the market.
At the end of 2024 or the beginning of 2025, Bitcoin will reach 125k - 150k, and that will be the peak of that cycle, and your greed will then reach the sky, but don't take your profits... When that happens, you will find those calling for 200k for Bitcoin, or posts tells 1M for BTC !
Then the following will happen:
- Distribution of bitcoins to ALTS for two or three weeks with great ALTseason...Greed will reach its peak, and I will be attacked and anyone who tells " this is the peak, and you must take your profits and make them 100% cash".
- Then there will be a complete collapse of the market and the American markets, and a decline that will continue for years, and this collapse will be less severe for Bitcoin, reaching areas between 50k - 45k, and most other currencies will disappear completely (90-99% decline).
best regard Ceciliones🎯
Altseason Starts SoonThe Chart above show Bitcoin Dominance (BTC.D) over time, with highlighted patterns and cycles that may be tied to Bitcoin halvings and market trends. Here’s my analysis based on the chart's structure:
Key Observations:
Repeated Patterns:
The chart highlights similar phases of Bitcoin dominance decline across three separate cycles, lasting roughly 231 days.
Each phase seems to correspond to a bearish period for Bitcoin dominance, where altcoins gain relative strength.
Halving Impact:
Vertical lines mark Bitcoin halving dates (green lines), which historically have a significant impact on the crypto market.
Following halvings, BTC dominance often rises as Bitcoin leads the market in initial rallies.
Projection:
The chart projects a decline in dominance after the current rally, extending into mid-to-late 2024.
A potential drop to ~44%-46% dominance is outlined, indicating a possible altcoin season or broader market rotation.
Support and Resistance:
The chart highlights a resistance zone around 62% dominance, which Bitcoin dominance seems to have tested recently.
A bearish breakout is suggested, aligning with a downward trend in the future.
Possible Interpretation:
Short-Term View: Bitcoin dominance might continue upward for a while but could face resistance near 60%-62%. If this area holds, a reversal could lead to dominance declining, benefiting altcoins.
Medium-Term View: If the projection holds, BTC dominance could see a prolonged decline lasting nearly a year, dropping below 50%. This scenario typically coincides with altcoin seasons where altcoins outperform Bitcoin in relative gains.
Risk Factors:Bitcoin dominance does not always drop due to bullish altcoins; it can also decline during a market-wide sell-off where Bitcoin loses less than altcoins. Macroeconomic factors, regulatory changes, and adoption rates could alter the outcome.
Bitcoin Cycle Top Expectation: Fibonacci Targets $160K-$180KAs Bitcoin approaches the $100,000 milestone, this analysis leverages Fibonacci extensions to highlight potential targets for the current market cycle. Historical trends suggest that Bitcoin’s cycle tops often align with major Fibonacci levels, making the $160K-$180K zone a key area of interest.
This zone represents a strong convergence of resistance based on both technical levels and psychological significance, where a potential cycle top could form. The chart provides a visual breakdown of these targets, with additional possible extensions if momentum overextends.
Disclaimer: This is not financial advice. Always conduct your own research before making any investment decisions.
Bitcoin Hits All-Time High After BTC ETF Options DebutMarket Update - November 22, 2024
Takeaways
BlackRock’s iShares Bitcoin Trust became the first US spot bitcoin ETF approved for options trading: The price of bitcoin subsequently surged to nearly $98,000 on Thursday, reaching a new all-time high.
Institutional interest in MicroStrategy surged this week, with the value of those holdings jumping to $15.3 billion: Microstrategy founder Michael Saylor has continued to purchase bitcoin and MSTR shares have seen year-to-date gains of roughly 450%.
Trump considers Teresa Goody Guillén for SEC chair: Her appointment would likely usher in crypto-friendly policies and regulatory reform.
Meme coins including Bonk, Mog, and Brett have set all-time highs amid a rally partly driven by the resurgence of DOGE to $0.43: Bonk surged 120% following a burn campaign earlier this week, while Moo Deng also hit record prices.
Russia has drafted amendments to tax crypto income, classifying digital assets as property: The new laws would subject trading and mining income to a 15% personal income tax, while VAT exemptions would apply to crypto transactions.
➕ Topic of the Week: Recurring Buys
🫱 Read more here
How Bitcoin BTC Will Break $100k And What Is Going Next?Hello, Skyrexians!
BINANCE:BTCUSDT is approaching the $100k, which is the key psychological level for many traders. Some traders are wondering how Bitcoin can pump so high, other became believe in $200k, $500k of even one million dollars per coin! For those who follow us it's not surprise that BTC has almost reached $100k from our previous analysis . There we mentioned that crypto asset is finishing the bull run with the wave 5. This wave had the target at $107k and we can define with higher accuracy the wave's end using subways count inside it.
On the daily time frame we can see the potential Elliott Waves counting. Looking at the maximum Awesome Oscillator value we can see that currently price is printing wave 3. This wave has the target with the 1.61, 2.61 or 3.61 Fibonacci extension levels. The first one has been broken, now price is at 2.61 level. Therefore, it can start local correction anytime now. The maximum target is $113k, which has the low probability of reaching in this wave 3.
We want you also to pay attention that Bullish/Bearish Reversal Bar Indicator flashed the green dot just before the growth and at the bottom on August 5 as well. As always, alerts from this indicator can be automatically replicated on exchange account orders. You can find the information in our article on TradingView . We can expect the red dot as a potential reversal sign.
The next dump in our opinion is not going to be the end of this game, Bitcoin shall print wave 4. It has targets between 0.38 and 0.5 level. BTC usually tends to show the short correction, so $79k can be the correction target. After that we expect the final subway of the final wave, which will likely reach our target from previous article at $107k, but the decisive factors are going to be the bearish divergence of the AO and the red dot on our indicator.
Best regards,
Skyrexio Team
___________________________________________________________
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#BTC 2H. Ascending triangle & trend continuation. 11/19/24Earlier, the price formed an "ascending triangle" pattern—a continuation pattern that occurs when the price gradually forms a series of higher lows while the upper boundary (resistance) remains flat or slightly rising. This signals a narrowing range and potential further growth. And I warned you about this in advance! (By the way, which of your traders describes patterns this thoroughly?). But that’s not the point now.
According to technical analysis theory, if the price breaks out of the ascending triangle pattern, its movement usually matches the height of the pattern, measured from the base to the peak. If we follow the idea that the movement after the breakout equals the pattern's height, Bitcoin’s price could reach the $100,000 level. And honestly, why not?
At the same time, earlier this week, the market was in a "bullish" trend, meaning prices were rising. By the close of trading on the CME exchange on Friday, the price was around ~$92,000. I assume this price will become an important reference point (including a support level) that the price will aim for in the near future.
BITCOIN: Money on Your Screen? Turn It Into Real Gains at $100K!"Money on your screen won't feed your family." This simple truth serves as a reminder to lock in some short- or mid-term profits. Imho, the price range between $95,000 and $105,000 presents a solid opportunity to take some gains off the table.
For long-term holders, your target prices might be far beyond imagination, but technically, this area offers an optimal spot to secure some profits. At the very least, consider taking partial profits here. Yes, the price could continue climbing, but remember: "Reward yourself and ground your expectations."
Technical Criteria Supporting This Zone:
1. The psychological round number $100,000. A long-anticipated milestone and natural profit-taking level.
2. Channel projection – This method suggests optimal areas for profit-taking, especially when there is minimal or non-historical price action on the left side of the chart.
3. Equal waves within the channel are also indicated inside the green box.
Taking profits isn’t about abandoning the trade; it’s about rewarding yourself for making smart decisions and reducing risk. Prices at these levels are high.
Summary:
Locking in profits in the $95,000–$105,000 range is both technically justified and psychologically wise. This zone aligns with key technical criteria, including the psychological $100,000 level, channel projections, and equal wave measurements. Partial profit-taking ensures you reward yourself while staying grounded, even if the market has more upside potential.
Regards,
Vaido
Bitcoin analysis for long term I think that Bitcoin is about to end the current bullish cycle that came about because of the recent wars. Bitcoin followed gold in the last two years in the upward trend because of the wars, the war between Ukraine and Russia, the Israeli war on Gaza and Lebanon, and the global political and economic conflicts, which led to a very large rise in Bitcoin and gold, but I think that this current cycle is about to end after these wars reached closed areas and brought prices to very inflated prices. I think that this is a very big opportunity in alternative currencies because they will start to rise because many will liquidate Bitcoin by buying alternative currencies in order to increase profits and exit in the upward trend. I think that alternative currencies will rise between 100% to 1000% for each currency, so I see it as a suitable opportunity to get rid of Bitcoin between the current prices up to $105,000, and after that there will be downward waves that will last for a period that is not short, but may extend for months or years.