Bitcoin is still a bullish rocket!This analysis is an update of the analysis you see in the "Related publications" section
It has reached the green zone and appears to be accumulating orders.
By holding the green zone, it could reach the targets of 120k - 169k - 250k in the mid-term.
A weekly candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTC-D
NEO/USDT: Strategic Entry into a Mature Blockchain PlatformI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
NEO ( BINANCE:NEOUSDT NEO) is a cryptocurrency designed as a smart contract platform and decentralized application ecosystem. It is currently trading at $13.25, with intraday fluctuations reflecting the broader market's volatility.
Trade Setup:
- Entry Price: $13.1793
- Stop-Loss: $5.7390
- Take-Profit Targets:
- TP1: $25.2672
- TP2: $43.2216
Fundamental Analysis:
NEO, often referred to as the "Ethereum of China," is a blockchain platform focusing on digitized assets, smart contracts, and decentralized identities. Recent updates to its N3 blockchain protocol, which introduced more efficient transaction handling and interoperability features, have bolstered its appeal. Additionally, NEO's integration with DeFi platforms and partnerships with Chinese enterprises enhances its real-world utility and adoption.
Technical Analysis:
- Moving Averages:
- 50-Day SMA: $12.80
- 200-Day SMA: $11.50
- Relative Strength Index (RSI): Currently at 62, indicating a slightly bullish momentum.
- Support and Resistance Levels:
- Support: $12.50
- Resistance: $15.00
Market Sentiment:
With the ongoing global adoption of blockchain technology, NEO benefits from its established reputation and early mover advantage. Market sentiment has improved following announcements of increased development activity and integrations into various blockchain applications.
Risk Management:
The stop-loss at $5.7390 ensures controlled risk in case of unfavorable price movements, while the take-profit targets of $25.2672 and $43.2216 offer robust risk-reward opportunities. This setup requires disciplined adherence to trade levels given the market's volatility.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.
On the 4-hour timeframe, Bitcoin's On the 4-hour timeframe, Bitcoin's (BTC) current price of around $98,600 aligns with a potential short-selling setup targeting $92,000. Here's a breakdown:
1. Resistance: BTC faces selling pressure near $99,000-$100,000, a strong resistance zone established during its recent consolidation phase.
2. Momentum Indicators: Many technical signals indicate overbought conditions, suggesting a potential retracement.
3. Support: $92,000 represents a key support level, coinciding with previous buying interest and technical levels, making it a logical downside target.
This trade would align with a risk-off strategy in the current environment, provided the trend sustains its bearish bias. Ensure stop-loss levels are set just above the resistance zone (e.g., $100,200) to mitigate risk. BITSTAMP:BTCUSD
Bitcoin can rebound from resistance line and start to fallHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some time ago started to decline inside the downward channel, where it at once reached a resistance line, after which continued to decline. In a short time, BTC fell to the buyer zone and then rebounded to the resistance line again. Then the price dropped to the channel's support line and then made a strong impulse up, thereby breaking the 96250 level and exiting from the channel too. Next, the price rose to 104K points, breaking the resistance level too, after which turned around and started trading inside symmetrical triangles. In this pattern, the price made a strong downward impulse to the support line, breaking resistance with support levels, but later it made an impulse from the support line, and broke these levels again. Later BTC started to decline and soon broke the 100200 level one more time and fell to the support line of the triangle. But a not long time ago it rebounded from this line and started to grow. So, at the moment, I think that the price can reach the resistance line of the triangle pattern and then start to decline to the 96250 support level. For this case, I set my TP at this level. Please share this idea with your friends and click Boost 🚀
The fall of Bitcoin dominance and the dawn of AltcoinsAltseason is about to begin! Hope you're on the last type finished accumulating your altcoins. According to blockchain data, the market maker has distributed its Bitcoin and finished accumulating altcoins. The chart shows an Adam and Eve top and a double bottom at the bottom. In my last forecast I was a bit wrong with the scale, but the point was correct and the target was reached! Dominance <53% is on the way!
OM ANALYSIS🔴 #OM Analysis :
🔮There is a formation of "Bullish Pennant Pattern" in #OM in 4hr time frame. #OM is trading around its all time high level. We may see a little retest before a bullish move
⚡️What to do ?
👀Keep an eye on #OM price action. We can trade according to the chart and make some profits. ⚡️⚡️
#OM #Cryptocurrency #Breakout #DYOR
Bitcoin - Time to buy again!After this heavy drop, BITCOIN has now formed an ascending triangle in the 1-h time frame, which could be a sign of a bullish trend. Please note that this analysis is in the 1-h time frame.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
The last bullish chance of BITCOIN in short term!After this heavy drop, BITCOIN has now formed an ascending triangle in the 1-h time frame, which could be a sign of a bullish trend. Please note that this analysis is in the 1-h time frame.
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✅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!!
BITCOIN This is why $250k is a Cycle Top candidateBitcoin (BTCUSD) is now cruising on the Bull Cycle's most aggressive phase, the Parabolic Rally. We got the final confirmation as it broke above and now established the 1st Standard Deviation from Above (grey trend-line) of the Mayer Multiple Bands (MMB) as the new Support.
Having already broken above the previous All Time High (ATH) Resistance, every time BTC flipped the 1st SD into Support while above the ATH, it hit at least the 2nd SD (orange trend-line) before the Cycle Top was priced. This level is currently at $181700 but rising along with the trend
What adds a more specific dynamic to the potential Cycle Top though, is that during Bitcoin's 11-year Higher Lows trend-line growth, it posted rallies of at least +1719% on each Cycle. As the Cycles progressed and due to the Law of Diminishing Returns, this rally started lower each time.
This shows the great significance of this rally and as a result, on the current Cycle with can estimate from its very bottom (November 2022). This suggests that we can reach at least $250k before or around the time the 2nd SD is tested. In addition, all Cycles have topped after the 1M RSI makes contact with its historic Lower Highs trend-line.
So what do you think? Is $250k a strong candidate for a Cycle Top? Feel free to let us know in the comments section below!
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Alikze »» Link | Scenario wave 1 of 3 rising - 1D🔍 Technical analysis: Scenario wave 1 of 3 rising - 1D
- It has been moving in a downward channel on the daily time frame.
- Currently, with the failure of the descending channel, in the case of a pullback to the ceiling of the channel or the range of 12.50, it can have the target of 16 to 17 dollars in the first step.
- This ascending wave is the previous wave. But in a longer-term perspective, wave 2 correction in the green box range has ended.
- Therefore, this recent motivational wave, micro-waves, wave 1 out of 3 is rising.
💎 In addition, this increasing wave can continue to climb up to Fibo 1.272 and 1.618 if the supply zone is broken.
⚠️ Note: If the candlestick closes below the 12.50 zone, the bullish scenario is invalidated and can retest the green box zone. ⚠️
💎 Currently, according to the momentum, the first scenario or the bullish scenario is more likely.
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BINANCE:LINKUSDT
Between now & Inauguration: Dancing at 97.3K41 days is the time frame for this idea, aligning with the Inauguration date.
BTC has been trading with $97,300 as a fulcrum point for movement. When it’s trading below that price, it acts as resistance; above that price, it becomes support.
Pre-Inauguration: I've identified a bullish channel and believe steady gains are possible from now until the election. While this seems possible, there’s also a chance of BTC falling well below $90K, so buyers beware.
Post-Inauguration: I’m very bullish on BTC and can envision a new price floor of $100K. The Trump administration is clearly favorable toward BTC, with many of his people having holdings. Additionally, NASDAQ:MSTR remains extremely bullish.
From a recent TradingView article:
" MicroStrategy’s Michael Saylor is wasting no time, buying straight near the top… acquiring 21,550 Bitcoin last week at an average price of $98,783 per coin. "
MicroStrategy uses BTC to enhance its earnings and treasury and is currently the largest corporate holder of Bitcoin.
The next 4yrs, at least, look very promising.
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I’m currently holding a small position in $BITO. Hopefully, this thang tumbles a bit before Jan. 20 so I can scoop up more shares. I’m particularly drawn to BITO because of its impressive 52.87% dividend yield.
BTC Bitcoin Bear Market If you haven`t bought BTC before the recent rally:
Historically, Bitcoin has shown a tendency to retrace in December before starting a recovery around March. This pattern could repeat this season, with BTC facing selling pressure as year-end portfolio rebalancing and macro uncertainties weigh on the market.
While a brief Santa Claus rally might provide temporary relief, the bearish trend is expected to dominate until March. By then, BTC could trade below $84K before regaining momentum, aligning with its historical recovery trend as market conditions stabilize in spring.
Bitcoin Analysis==>>FallingBitcoin ( BINANCE:BTCUSDT ) is breaking the Support zone($99,600-$98,620) and the lower line of the Descending channel .
According to the theory of Elliott waves , Bitcoin was able to complete Double Three Correction(WXY) .
I expect Bitcoin to fal l at least as far as the width of the descending channel(broken) .
⚠️Note: We can expect more pumps if Bitcoin goes over $99,900. ⚠️
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Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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Watching whether it can rise above 98821.58
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It's the same idea as the previous one.
The key is whether it can maintain the M-Signal and MS-Signal indicators on the 1D chart until around December 27.
In order for the uptrend to start, it is expected to start by rising above 97821.58 and showing support.
If it fails to rise above 97821.58, it will eventually fall below the M-Signal indicator on the 1D chart.
Therefore, the 95904.28-98892.0 section is an important support and resistance section.
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USDT, USDC are still showing an upward trend.
(BTC.D 1D chart)
The point of interest is whether it can fall below 55.01 by falling near the MS-Signal indicator.
(USDT.D 1D chart)
The point of interest is whether it can meet resistance near the 3.92-4.31 range and maintain a downward trend.
-
I think the gap increase of USDT, USDC is a trace of funds flowing into the coin market.
On the other hand, I think the gap decrease is a trace of funds flowing out of the coin market.
If BTC dominance falls below 55.01 and is maintained or continues to decline, an altcoin bull market is expected to begin.
USDT dominance is expected to fall to around 2.84 and maintain an upward trend in the coin market.
Accordingly, if it touches around 2.84 and rises, the coin market is likely to face a sharp decline.
Also, if it rises above 4.97, I think the coin market is likely to turn into a bear market.
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(BTCUSDT 1D chart)
The point to watch is whether it can receive support and rise around the important support and resistance area of 95904.28-98892.0.
The next period of volatility is expected to be around December 27, so we need to check whether it can continue sideways until then.
This movement can be seen as a task to reduce the gap of the M-Signal indicators on the 1D, 1W, and 1M charts or to reset the StochRSI indicator.
If it falls below the M-Signal and MS-Signal indicators on the 1D chart, it is expected to touch the M-Signal indicator on the 1W chart.
At this time, if the HA-Low and BW(0) indicators are generated, the key is whether there is support around that area.
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When the StochRSI indicator falls below the 50 point range, if it shows resistance below the M-Signal indicator on the 1D chart, it is necessary to first check whether there is support around 87.8K-89K.
In order to continue the upward trend, it must rise above 97821.58 and show support.
Therefore, if it fails to rise above 97821.58, it will eventually fall below the M-Signal indicator on the 1D chart.
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Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, we can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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