WIF Long Spot Trade (Consolidation Opportunity)Market Context:
WIF is currently consolidating in a favorable zone, offering an excellent opportunity to ladder into a long spot trade. With proper risk management and a clear upward target, this setup provides strong potential for upside continuation.
Trade Details:
Entry Zone: Around $2.90
Take Profit Targets:
First target: $3.50
Second target: $3.90
Stop Loss: $2.50
This trade setup presents a clear structure with defined risk and reward, aligning with current market conditions.
BTC-D
BTC Breaks $101,000: BlackRock Advocates 2% Portfolio AllocationBitcoin ( CRYPTOCAP:BTC ), the world’s leading cryptocurrency, has reclaimed the $101,000 mark, riding a wave of institutional endorsements and bullish technical indicators. A groundbreaking paper from BlackRock, the world’s largest asset manager, has highlighted Bitcoin’s potential role in diversified portfolios, suggesting a 1% to 2% allocation as a “reasonable range.” This development comes as Bitcoin surges amid macroeconomic and political tailwinds.
BlackRock’s Strategic Endorsement
BlackRock’s latest report emphasizes Bitcoin’s place in multi-asset portfolios, comparing its risk profile to the "Magnificent Seven" technology stocks in a 60/40 stocks-and-bonds portfolio. While cautioning against exceeding a 2% allocation due to increased portfolio risk, BlackRock’s endorsement underscores the asset’s growing legitimacy.
According to Samara Cohen, BlackRock’s CIO of ETF and Index Investments, “A Bitcoin allocation would provide a diverse source of risk, while overweighting tech stocks amplifies portfolio concentration.” The paper also notes Bitcoin’s low correlation with traditional assets, albeit with significant volatility.
Factors Driving Bitcoin’s Rally
Bitcoin’s recent surge is bolstered by multiple factors:
- Political Support: President-elect Donald Trump’s pro-crypto stance and his appointments of blockchain-friendly officials have revitalized market confidence.
- ETF Adoption: The January 2024 launch of U.S. spot Bitcoin ETFs has been a game-changer. These funds have amassed over $113 billion in assets, with $10 billion inflows recorded since Trump’s victory in November.
- Institutional Interest: With BlackRock’s IBIT leading the pack, institutional adoption is seen as a harbinger of reduced volatility and enhanced legitimacy.
However, BlackRock’s report tempers optimism by pointing out Bitcoin’s historically sharp drawdowns, ranging from 70% to 80%. While wider adoption could stabilize prices, it may also curtail the dramatic gains that attract speculative investors.
Technical Analysis: A Bullish Trajectory?
Bitcoin’s technical indicators signal potential bullish momentum as it consolidates above $100,000. Here’s a closer look:
- Current Price Movement: Bitcoin is up 0.41% at the time of writing, showing resilience after a dip to $96,000 during a selling spree.
- Key Resistance Levels: A breakout above the $115,000 pivot could ignite a bullish rally, potentially driving prices to $150,000 by Christmas.
- Support Zones: Should consolidation persist, support lies at the 38.2% Fibonacci retracement level, coinciding with $95,000.
- Market Sentiment: Bitcoin’s year-to-date growth of 140% underscores robust investor confidence, despite its inherent volatility.
Balancing Risk and Reward
The BlackRock report advises adopting a “risk budgeting” approach to Bitcoin investments, particularly given its outsized impact on total portfolio risk. While Bitcoin’s low correlation to traditional assets adds diversification, its volatility demands cautious sizing.
For investors eyeing Bitcoin’s potential to reach $150,000, the strategy should account for key risk factors, including possible retracements and the evolving regulatory landscape. As institutional adoption grows, Bitcoin could mature into a less volatile but equally vital component of diversified portfolios.
Conclusion
Bitcoin’s ascent past $101,000, coupled with BlackRock’s ringing endorsement, marks a pivotal moment for the cryptocurrency market. As 2024 draws to a close, Bitcoin remains a high-reward, high-risk asset poised to redefine portfolio strategies. With technical and fundamental indicators aligning, investors are watching closely—whether for the next breakout or the next buying opportunity at key support levels.
Will Bitcoin’s rally extend to new heights, or will its infamous volatility temper the excitement? Only time will tell, but the stage is undoubtedly set for an electrifying finish to the year.
BTC - The Bulls Are Still Strong!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈BTC has been bullish, trading within the rising channel in blue.
Currently, BTC is in a correction phase approaching the lower bound of the channel.
Moreover, the blue zone is a strong structure and support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #BTC approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP updateHi Guys
As we have specified the purchase range for you before, we said that if the range is maintained, he can serve his opponent.
Now you can see that with the lack of daily stabilization, it has returned below the range and is placed in a triangle.
With failure, he can move to the specified goals.
We will be happy if you give us energy with likes and comments.
OG is trying to return to the trendTo date, the market has consolidated in anticipation of passing the middle of the month and determining the direction for the end of the year. The decision on the US interest rate may have a big impact. But for now, there is still an opportunity for the growth of individual coins with technical signals. TROY is showing itself well, aiming for a breakout of 0.0075. But in this article I want to consider OG, which from the second bottom at the key support of $ 5 can give a trend and catch up with TROY in dynamics. With a successful exit above the previously formed trend line, the nearest target will be a test of the 7.5-9 range. With a successful opening of the second half of the month above 7.5, you can expect the trend to consolidate and further overshoot. For now, the pressure of the unprocessed targets of the bears at 3000-3100 on the ether and 75-85k on the cue ball remains, in connection with which a new wave of sales at the change of the week may be deeper, with a payback after the decision on the US interest rate, in case the dollar weakens. In this negative scenario, OG can test $3.5-$4 where it will be possible to make a top-up, as it was possible to do with TROY. In the medium term, both TROY and OG are good tools with probable.
VIB also gave a new opportunity to re-buy profitably, which, in an optimistic scenario, can turn a weekly candle into a bullish one in order to continue the trend by 0.15 due to the opening of the week above 0.1.
Bitcoin through next halving - on the cusp of a new cycle pt. 2Adding another view to my previous idea removing the volatility between the move. Please see for an idea of what the volatility could look like:
Key areas:
Keep an eye on RSI momentum
Keep an eye on major support levels which will be added as time goes on
Use pre-established profit points - and DON'T fomo when the time comes. Pick your sell points and COMMIT to them - put a post-it on your monitor.
Nobody appreciates it !!!As I mentioned in my previous analysis, Bitcoin managed to break through the triangle pattern and experienced significant growth. Now, the price is forming a bullish pennant pattern, which could lead to further growth after the pennant breaks.
Previous Analysis
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTC Extended Analysis - Road to 107KHeyy!! Hope everyone is so well!! As mentioned in ealier BTC and its entities, the support was supported and A huge number of cluster of liquidation lies at 105k means its evident, but always remember the liquidation happens in cluster so here a cluster down is needed.
expect 98904 range, if vol is strong, expect a single candle break!!! 105 is evident so is 107k, doodle says a lot!!
BNB → Big accumulation. In step with the distributionBINANCE:BNBUSDT is trying to move into the realization phase after quite a long accumulation, thanks to which the coin can give a very good growth
The coin tested the strong support of 645 within the correction. False break of the support and quite aggressive buyout of the fall indicates buying potential. Bitcoin, which is testing the highs and ready to go even higher is a good driver for BNB
Accordingly, the focus is on near-term levels. If the price can break the near-term resistance and consolidate above, the market will further go to break ATH and try to renew it.
Resistance levels: 761, 793
Support levels: 691, 645
I don't exclude that the unexpected correction of bitcoin can provoke a correction in the cryptocurrency market, but in general the structure is bullish. High probability of resistance breakdown with the purpose of continuation of movement
Regards R. Linda!
107K is next upside target, looking at 98-98.5K for entryMorning folks,
So, BTC stands in upside channel, and we have no big patterns by far. Meantime, on 4H chart as potential ones, we could suggest the butterfly, right?
While on 1H chart we have DRPO "Sell" (in red circle) and a kind of H&S shape. It is just a shape, but who said that market can't keep it harmony?
Thus, 98-98.5 seems interesting level, if you would like to go long. For short position we see nothing interesting on higher time frames, thus, only DRPO "Sell" here and with minimal target around 98.5K
Bitcoin Market Trend Analysis (BTC/USD) – Updated Trading Overview of the Current Bitcoin Market Trend
In recent weeks, the Bitcoin (BTC/USD) BINANCE:BTCUSD market has shown a strong bullish trend, breaking several key resistance levels. From late November until now, Bitcoin's price has consistently reached new highs, but it is currently facing significant resistance levels. In this article, we will analyze Bitcoin's current trend and suggest specific trading strategies for investors in December 2024.
Bitcoin BINANCE:BTCUSDT Market Overview
Based on the 4-hour chart for Bitcoin, we see that the price is approaching the 103,629.86 USD resistance level and may encounter a pullback. Meanwhile, the important support level at 92,381.58 USD has been holding strong as a safeguard for the uptrend. With strong volatility and increasing trading volume, traders should watch for important technical signals to optimize their trading strategy.
Bitcoin (BTC/USD) Trading Strategies
Long Trading Strategy (Buy)
Entry Condition:
Buy when Bitcoin pulls back to the 92,381.58 USD support level and shows signs of recovery (such as reversal candlestick patterns like pin bars or other reversal setups).
Watch for confirmation from the 200-period MA (blue line). If the price stays above this moving average, the uptrend should continue.
Profit Target: Take profit at the 100,000 USD or 103,629.86 USD resistance levels.
Stop Loss: Place stop loss just below 92,000 USD to protect the trade if the market moves lower.
Short Trading Strategy (Sell)
Entry Condition:
If the price fails to break above 103,629.86 USD and shows signs of reversal (e.g., Bearish Engulfing candle), consider opening a short position.
Profit Target: Take profit at the 100,000 USD support level or 97,600 USD.
Stop Loss: Place stop loss above 103,800 USD to protect the position if the market continues higher.
Breakout Trading Strategy
Entry Condition:
If the price breaks above 103,629.86 USD with high trading volume, consider opening a long position.
After the breakout, if the price returns to retest this level and shows confirmation (e.g., candle closes above the previous resistance), consider entering a buy position.
Profit Target: Take profit at 105,000 USD or higher.
Stop Loss: Place stop loss below 100,000 USD to protect capital if the price retests lower levels.
Pullback Trading Strategy
Entry Condition:
Buy when the price pulls back to the 92,381.58 USD support level and shows signs of recovery with increasing volume.
Profit Target: Take profit at 100,000 USD or 103,000 USD.
Stop Loss: Place stop loss below 92,000 USD or 91,000 USD.
Candlestick Pattern Strategy
Entry Condition:
Open a buy position if a strong reversal candlestick pattern forms at the 92,381.58 USD support level.
Open a sell position if a reversal candlestick pattern forms at the 103,629.86 USD resistance level.
Profit Target and Stop Loss: Apply the same profit targets and stop loss levels as mentioned in the strategies above.
Conclusion
With Bitcoin’s strong bullish trend, investors should pay close attention to key support and resistance levels such as 92,381.58 USD and 103,629.86 USD. Trading strategies like buying when the price pulls back to support, selling when encountering resistance, or trading a breakout after breaking key resistance levels can provide profitable opportunities. However, managing risk through stop loss and setting reasonable profit targets are crucial for protecting capital and optimizing returns in a volatile market.
Always monitor the charts and technical signals to make the most informed trading decisions. Wishing you success in your Bitcoin trading journey!
#BTC Potential Long Setup
looking at the Volume increasing now and the Breakout of the Value Area High with Confluences also from the WVAP i personally could now imagen that this Drop what we had was the last Drop for now to catch everything deeper.
i will take a Risk and it is my Personal thought that we will see those Targets on BTC:
📈 Entry CMP : 101164
🛑 SL: 97993
🎯 Target 1: 105710.5
🎯 Target 2: 112919.0
🎯 Target 3: 124707.0
🎯 Target 4: 136410.0
🎯 More TP: 140k - 150k
also do your own Reseach this is my own idea.
Cheers to all and happy Trading.
ETH RSI Bearish Divergence? Daily TimeframeThe relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of an asset's recent price changes to detect overbought or oversold conditions in the price of said asset.
In addition to identifying overbought and oversold assets, the RSI can also indicate whether your desired asset may be primed for a trend reversal or a corrective pullback in price. It can signal when to buy and sell.
The RSI will oscillate between 0 and 100. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition.
The RSI is one of the most popular technical indicators. I intend to offer a fresh spin.
Adapted RSI w/ Multi-Asset Regime Detection
Our Adapted RSI makes necessary improvements to the original Relative Strength Index (RSI) by combining multi-timeframe analysis with multi-asset monitoring and providing traders with an efficient way to analyse market-wide conditions across different timeframes and assets simultaneously. The indicator automatically detects market regimes and generates clear signals based on RSI levels, presenting this data in an organised, easy-to-read format through two dynamic tables. Simplicity is key, and having access to more RSI data at any given time, allows traders to prepare more effectively, especially when trading markets that "move" together.
How we calculate the RSI
First, the RSI identifies price changes between periods, calculating gains and losses from one look-back period to the next. This look-back period averages gains and losses over 14 periods, which in this case would be 14 days, and those gains/losses are calculated based on the daily closing price. For example:
Average Gain = Sum of Gains over the past 14 days / 14
Average Loss = Sum of Losses over the past 14 days / 14
Then we calculate the Relative Strength (RS):
RS = Average Gain / Average Loss
Finally, this is converted to the RSI value:
RSI = 100 - (100 / (1 + RS))
snapshot
Key Features
Our multi-timeframe RSI indicator enhances traditional technical analysis by offering synchronised Daily, Weekly, and Monthly RSI readings with automatic regime detection. The multi-asset monitoring system allows tracking of up to 10 different assets simultaneously, with pre-configured major pairs that can be customised to any asset selection. The signal generation system provides clear market guidance through automatic regime detection and a five-level signal system, all presented through a sophisticated visual interface with dynamic RSI line colouring and customisable display options.
Quick Guide to Use it
Begin by adding the indicator to your chart and configuring your preferred assets in the "Asset Comparison" settings.
Position the two information tables according to your preference.
The main table displays RSI analysis across three timeframes for your current asset, while the asset table shows a comparative analysis of all monitored assets.
Signals are colour-coded for instant recognition, with green indicating bullish conditions and red for bearish conditions. Pay special attention to regime changes and signal transitions, using multi-timeframe confluence to identify stronger signals.
How it Works (Regime Detection & Signals)
When we say 'Regime', a regime is determined by a persistent trend or in this case momentum and by leveraging this for RSI, which is a momentum oscillator, our indicator employs a relatively simple regime detection system that classifies market conditions as either Bullish (RSI > 50) or Bearish (RSI < 50). Our benchmark between a trending bullish or bearish market is equal to 50. By leveraging a simple classification system helps determine the probability of trend continuation and the weight given to various signals. Whilst we could determine a Neutral regime for consolidating markets, we have employed a 'neutral' signal generation which will be further discussed below...
snapshot
Signal generation occurs across five distinct levels:
Strong Buy (RSI < 15)
Buy (RSI < 30)
Neutral (RSI 30-70)
Sell (RSI > 70)
Strong Sell (RSI > 85)
snapshot
Each level represents different market conditions and probability scenarios. For instance, extreme readings (Strong Buy/Sell) indicate the highest probability of mean reversion, while neutral readings suggest equilibrium conditions where traders should focus on the overall regime bias (Bullish/Bearish momentum).
This approach offers traders a new and fresh spin on a popular and well-known tool in technical analysis, allowing traders to make better and more informed decisions from the well presented information across multiple assets and timeframes. Experienced and beginner traders alike, I hope you enjoy this adaptation.
BITCOIN 120K end of yearBitcoin is currently progressing through minuette wave 3, with the remaining wave 5 subwaves expected to complete soon. The projected target is $120k, aligning closely with the anticipated 25bps rate cut from the upcoming FOMC meeting.
If realized, this could fuel a strong bullish momentum, potentially driving Bitcoin higher through the holiday season and into Christmas!
$BTC Moment of Truth - Massive Move Ahead!This whole move up to $100k appears to be topped out and coming to the final squeeze.
Going to be a drastic move in either direction very soon.
CRYPTOCAP:BTC is either going to $115k or ~$85-90k.
My Spidey-senses lean towards the latter; Bull Trap.
Volume has been falling off a cliff during this rally, showing a strong case for a Bearish Divergence.
If that happens, expect a drastic sling-shot rebound, so get your bids in now.
I do expect a Santa Rally EOM.
Reasonable purchase...hello friends
By examining the LDO currency, we came from the DEFI field.
This coin is generally in a range and by making its bottom it was able to experience an upward growth.
If you bought this currency in Polback to Gap, and you are now in profit, if you want to buy this currency, this is a logical step to enter.
If the market corrects, you can buy again.
But in case of successful failure of your limit, you can make another purchase in pullback.
Note that this currency has not yet started its growth...
Regular and principled...hello friends
We came up with FANTOM currency analysis.
This potential coin, which is active in the DEFI field, has been able to grow well by forming an upward channel.
Now we have specified the purchase limits for you in case of modification.
Now it is logical to buy one step, but in case of correction, we can wait until the specified areas and then make our purchase.
But in case of successful failure of the channel, we can still buy and move with the specified goals.
Note that this coin has a high growth potential....
A bright future!!!hello friends
We have come with the analysis of another coin
DYDX which is in DEFI area.
This coin has been suffering for a long time and now by making a bottom, it was able to experience an upward movement.
It is expected that it will move at least up to the limit of range and this time it is likely to succeed in breaking the ceiling.
Now, if you have this coin, you can keep it up to the range limit, and after the successful failure of the range, you can proceed to the specified targets with it.
Now, if you want to buy this coin, our suggestion to you is that one entry step is appropriate now and we will wait if the market corrects at the specified points, we will buy other steps.
If you grow from this area, you can buy a step with the successful failure of your TR and wait for good targets...
Analysis and review of UNISAWPHello dear friends
We are at your service by analyzing and reviewing a coin from the DEFI field.
Coin of the decentralized exchange UNISAWP, which is a very, very potential coin.
This coin has expected movements, as you can see, it was suffering for a long time, now that the decentralized exchanges are speaking first, it was able to get out of the suffering and make an upward movement, but this is just the beginning of the story...
After his rise, he made a good pullback and due to the rounding of the trend, he gives us this signal that a big rise is happening.
If you have this currency, we suggest that you keep it.
But if you are looking for a buying opportunity, you can make a buying step here and wait to buy in the specified areas if the market corrects.
Note that this coin has a good future...