BRIEFING Week #49 : Still nothing !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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BTC-D
Creator of Shiba Inu Launches ShiroThe creator of Shiba Inu is back with Shiro, a new memecoin that's already sparking interest in the crypto community. But is it worth your attention?
Here’s what we know so far:
The project comes from the same team behind Shiba Inu, which adds credibility given their track record.
The official website features thematic episodes exploring recent events in the crypto world, giving the project a unique narrative spin.
There’s speculation that Shiro’s market cap could reach $4-5 billion in the near term, with a potential climb to $10 billion if momentum builds.
Potential or risk?
Shiro has all the hallmarks of a memecoin: the promise of big returns (some are talking about up to 2000% this cycle) but also the inherent risks associated with speculative assets. It could be appealing if you're open to taking a calculated gamble on something new. As always, remember: Do Your Own Research (DYOR) and invest only what you can afford to lose.
The Bottom Line:
For those interested in exploring memecoins, Shiro looks intriguing. You can find it on CoinMarketCap, so check out the official site to learn more and decide if it fits your strategy.
Happy trading and wishing you a great year-end! BINANCE:BTCUSDT COINBASE:ETHUSD BINANCE:SHIBUSDT BINANCE:UNIUSDT
Bitcoin reached strong resistance 104150Bitcoin Faces Strong Resistance at $104,150: A Technical Analysis
Bitcoin's recent rally has stalled as it encounters a significant resistance level at $104,150. This key resistance zone has historically proven to be a formidable obstacle for the cryptocurrency, and its current interaction with this level is closely watched by analysts and traders alike.
Technical Analysis
A closer look at the technical indicators reveals several factors contributing to the current price action:
Relative Strength Index (RSI): The RSI, a momentum oscillator, is currently hovering around the overbought territory. This suggests that Bitcoin's recent upward momentum may be losing steam, potentially leading to a correction or consolidation phase.
Moving Averages: Both the 50-day and 200-day moving averages are trending upwards, indicating a bullish long-term trend. However, the price action near the $104,150 resistance level could challenge this bullish outlook.
Volume: A decline in trading volume during the recent rally could signal a loss of buying interest, further supporting the idea of a potential price correction.
Potential Scenarios
Breakout: If Bitcoin manages to decisively break above the $104,150 resistance level, it could trigger a significant upward move, potentially leading to new all-time highs. However, such a breakout would require strong buying pressure and sustained momentum.
Consolidation: A more likely scenario is a period of consolidation as the market digests the recent gains and assesses the next directional move. During this phase, the price could fluctuate within a range, allowing technical indicators to cool off.
Correction: If the selling pressure intensifies, Bitcoin could experience a correction, potentially retracing some of its recent gains. This scenario could be triggered by various factors, including negative news, profit-taking, or a broader market downturn.
Conclusion
Bitcoin's interaction with the $104,150 resistance level is a critical juncture. While the long-term trend remains bullish, the short-term outlook is clouded by uncertainty. Traders and investors should closely monitor the price action and technical indicators to assess the potential outcomes and adjust their strategies accordingly.
SOLANA LOOKING ALL TIME HIGHS - SOL LONGPrice rejected strongly from the daily demand zone after running the daily swing liquidity. This move created a 4H demand zone. Following that, we saw a break of the bearish trendline, with a retest of both the trendline and the 4H demand.
I entered a position during this retest, even as BTC was aggressively dumping by over $10K, which is why I couldn’t share this idea in real time. However, I am already in this trade and targeting a bare minimum of $271 as the next level.
BTC-USDT 1D Looks bearish... it will probably be bearishIf it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
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BTC-USDT 1D Looks bearish... it will probably be bearish
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
I'm not going to go into details. BTCUSDT broke the resistance zone and as we all know it surpassed the 100K level.
For BTC to continue rising, it needs gas, and that gas is in all the SLs below.
My strategy at the moment is to let the corrective movement take place and test the resistance to get back into a bullish position on the rebound.
Good luck to everyone in your decision making :)
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
Bitcoin rebound testing 100k again Bitcoin Technical Analysis
Disclaimer: This analysis is based on historical price data and technical indicators. It's important to note that the cryptocurrency market is highly volatile and past performance is not indicative of future results.
Current Market Sentiment:
Bullish: Recent price action suggests a bullish sentiment, with Bitcoin breaking above key resistance levels.
Bearish: However, some technical indicators are showing signs of overbought conditions, which could lead to a potential correction.
Key Technical Indicators:
Moving Averages:
50-Day MA: A short-term moving average that can indicate short-term trends.
200-Day MA: A long-term moving average that can indicate long-term trends.
Golden Cross: When the 50-day MA crosses above the 200-day MA, it's often seen as a bullish signal.
Death Cross: When the 50-day MA crosses below the 200-day MA, it's often seen as a bearish signal.
Relative Strength Index (RSI): A momentum oscillator that measures the speed and change of price movements. An RSI above 70 indicates overbought conditions, and an RSI below 30 indicates oversold conditions.
Bollinger Bands: A volatility indicator that shows how volatile a stock or cryptocurrency has been over a specific period.
Technical Analysis Summary
While Bitcoin's recent price action has been bullish, it's crucial to consider potential corrections. Traders should monitor key technical indicators like the RSI and Bollinger Bands for signs of overbought conditions. A Golden Cross would further strengthen the bullish outlook, while a Death Cross would signal a potential bearish trend.
It's highly recommended to use technical analysis tools and charts from reputable sources to conduct your own in-depth analysis.
For the latest and most accurate information, consider using platforms like TradingView, CoinGecko, or CoinMarketCap.
Remember, investing in cryptocurrencies carries significant risk, and it's important to only invest what you can afford to lose.
#bitcoin
#btc
#btcusd
Alikze »» GRT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H
- In the analysis presented in the weekly time frame , it was mentioned that an AB=CD pattern has been formed.
- It is moving in an ascending channel in the 8-hour time frame.
💎 In the OB area, it can face the demand again by creating demand and liquidity hunt at the bottom of the channel and continue its growth up to the top of the channel.
- Then I expect it to continue its growth to the supply area to form the third wave or wave C.
⚠️In addition, if the correction extends to the Invalidation LVL range, the bullish scenario in the 8-hour time frame is invalidated and must be reviewed and updated again.⚠️
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BINANCE:GRTUSDT
The current current state of ETH and BTC bull markets
As you see by the chart, we broke out of a descending trend recently for ETH and we had a tight ascending channel, which we now have broken out of again, likely ETH will make another really nice jump soon on the break out. This appears to be early on in the ETH break out where ETH appears to be lagging BTC by at least a couple of weeks.
We also see that BTC reversed a short term descending channel recently, broke out of it and that helped it surge past $100k with ease and now we are in an ascending channel that is a break out from BTC's prior ascending pattern.
BTC Chart
We also see that since ETH has started breaking out, it has really impacted the BTC dominance chart, BTC has lost over 5% of its market dominance in the last week or so.
BTC Dominance chart
Overall both of these seem real bullish. I dont actually hold or trade either one, though I came up on ETH, where I started buying ETH at .88 cents each. I dont trade them because the chances of either having 50%-100% gains in a day is pretty much impossible, even 20% is not likely they are just such large caps with so much order books and participation not to mention ETF impact. But there are a lot of cryptos that are running 20%, 50%, 100% every day. The thing is, if BTC/ETH are in bad health, it makes trading anything a risk because when they dump they effect the market. At the moment, it does not look as though BTC or ETH are staging anything that would cause any significant negative impact to alts other than if they run hard and thats where all the money goes.
for order books they both seem strong with positive trader sentiment though BTC had pulled back it appears to be building rapidly again.
$LTC Path to ATHLitecoin faces major resistance at $110. With a break of $110 we can expect to see a recovery back to previous highs. Once Bitcoin breaks $100k the altcoin rally may likely begin.
Traditionally I would be looking at the main 3 plus a innovative cryptocurrency. Last cycle it was Bitcoin, Litecoin, and Ethereum with Solana as my plus one. This cycle I am taking Bitcoin, Litecoin, and Solana replacing ETH with Chainlink as my plus one.
Some things to keep in mind:
Hashrate at ATH
Golden cross on the Daily
ETF Potential
Reliability
Historical presence
The U.S. Dollar Index (DXY) currently reflects a bearish trend The U.S. Dollar Index (DXY) currently reflects a bearish trend on the 4-hour chart. The immediate resistance is around 106.620, while the current price gravitates towards the support level at 105.250. This downtrend aligns with technical indicators signaling potential bearish momentum.
Recent trading data confirms a drop to around 105.93 during the last session, reinforcing expectations of further downward movement, possibly testing the 105.250 level soon.
My Idea on the top for Bitcoin (NFA)Hello Tradingview community!
This is only an idea (NFA DYOR)
I won't make this description long as I usually do..
this chart im sharing is more for my "personal" view
so why am I sharing it? Well I want to give ideas for everyone to see pretty much.
I have measured all previous cycles and done a ton of research and come to the
conclusion 160-180k looks the most likely for our "top" this cycle
Both with % gains but also timeframe.
Its fine to disagree, we shall see close to end of 2025 if I was correct or not.
Have a lovely day!
Bitcoin Plummet Back to $97K After Surging Pass $100kThe cryptocurrency market witnessed turbulent activity as Bitcoin ( CRYPTOCAP:BTC ) faced a significant flash crash, exacerbated by Mt. Gox’s recent transfer of 3,620 BTC. Combined with over $1 billion in liquidations and strategic market movements, these events painted a complex picture for the world's largest cryptocurrency.
Mt. Gox: The Catalyst of Market Jitters
Bankrupt crypto exchange Mt. Gox has once again entered the limelight by transferring 3,620 BTC worth millions to two undisclosed wallets. According to Arkham Intelligence, these transactions—3,493 BTC to wallet address 1MAXy6…Ez3NQ9 and 126.577 BTC to bc1qkf…ffm7sf—sparked speculations of creditor reimbursements.
While the transfers might prepare the groundwork for creditors to reclaim their funds, they introduce a looming threat of heightened selling pressure, causing widespread concerns in the crypto space. This move follows a recent transfer of 24,000 BTC by the same exchange, intensifying market apprehension.
Technical Outlook:
Bitcoin’s price dropped to an intraday low of $87,859 before rebounding to near $98,000, following a broader market crash that wiped out over $1 billion in positions.
Key levels to watch include:
- Resistance: $100,000 psychological barrier.
- Support: $94,800 and $92,500, critical to sustaining bullish momentum.
The abrupt dip can be attributed to the liquidation frenzy and external triggers such as Meitu's sale of 940 BTC and 31,000 ETH, which realized $80 million in profits.
BTC's Resilience
Despite recent volatility, Bitcoin’s fundamentals remain robust:
Market Cap: $1.93 trillion, with potential to breach $2 trillion by 2025.
Trading Volume: $159.5 billion in the past 24 hours, bolstered by Binance and other major exchanges.
Key Developments Supporting Long-Term Growth
Bitcoin’s resilience and adoption have been fueled by continuous upgrades enhancing its network security, scalability, and decentralization.
Broader Sentiment: Mixed Yet Optimistic
Despite recent hurdles, bullish sentiment prevails among investors. Marathon Digital’s $850 million convertible note offering for BTC purchases signifies institutional confidence in Bitcoin's long-term potential.
However, the interplay between Mt. Gox’s creditor payouts, liquidation volumes, and evolving market conditions requires vigilant observation.
Conclusion
Bitcoin's journey remains a rollercoaster, shaped by historical milestones and ongoing market dynamics. While the short-term outlook might be turbulent, its robust fundamentals, coupled with consistent upgrades and institutional interest, fortify Bitcoin's position as a leading digital asset poised for a promising future.
As the year closes, market participants should remain cautious, leveraging informed strategies to navigate potential volatility while staying optimistic about Bitcoin's long-term trajectory.
Bitcoin Roadmap==>>Short term!!!Bitcoin ( BINANCE:BTCUSDT ) started to pump up late yesterday with the following three News and the important resistance of $100,000 seems to be broken:
1- Federal Reserve Chair Jerome Powell: Bitcoin is like gold( OANDA:XAUUSD ), not dollars.
2- President Putin says, “Bitcoin, Digital Assets will continue to develop".
3- 'Who's Laughing Now?' NYC Mayor Eric Adams Boasts About Bitcoin Paychecks
⚠️Note: As I said in previous posts, the crypto market has become more dependent on the news and reacts to any development or news in the world, so capital management should be observed more than before.⚠️
Let's now look at the analysis of Bitcoin after yesterday's pump .
Bitcoin is currently moving in the Potential Reversal Zone(PRZ) and near the Support zone($99,600-$98,620) .
According to the theory of Elliott waves , Bitcoin seems to be completing wave 4 , and we should wait for the start of wave 5 . The wave 4 structure is a Zigzag correction(ABC/5-3-5) .
I expect Bitcoin to start increasing again after the end of wave 4 and attack the Resistance line . If the resistance line breaks, it can at least go up to the previous top($104,088) .
⚠️Note: We should wait for Bitcoin to fall further if Bitcoin goes below the Support line and the Support zone($99,600-$98,620).⚠️
⚠️Note: Due to the Sharpie movement of wave 3, BTC may not even create a new All-Time High(ATH) (wave 5 will be Truncated). ⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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Sell gold around 2640, with a target price of 2615.Trade Setup at 2640
Sell Entry: If you're not already in, this is a good price to sell, as the bearish trend remains intact.
Target: 2615
This offers a 25-point potential move downward.
Stop Loss: Place it at 2648–2650 to minimize risk if there’s a reversal.
Bitcoin Seizes $100,000. What's Your Prediction for Next Move?And there you have it — a comet in the night sky, Bitcoin BTCUSD finally shattered the landmark $100,000 figure . Prices of the original cryptocurrency are up 50% since Election Day on November 5 and traders have one man to thank. Do you think he doesn’t know it?
“CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Donald Trump erupted on his social-media platform, Truth Social.
As crypto circles around the world celebrated the mind-blowing milestone (that’s a market cap of more than $2 trillion in a $3.5 trillion market ), the volatile crypto couldn’t get any rest. Bitcoin prices seesawed back under $100,000 early Friday with traders experiencing the token’s wild swings and notorious stomach-churning volatility.
In wild seesaw motions, the OG crypto yesterday peaked at an all-time high of $103,700 a piece before sliding more than 6% to close the session at a 1.6% daily loss at $96,900 a pop. In other words, crypto traders still need that convincing close above six figures.
Donald Trump might just have the answer. The President-elect is keeping busy by forming an A-team of crypto advocates to lead the efforts at the White House. Earlier this week, Trump selected former SEC commissioner Paul Atkins to replace current SEC Chair Gary Gensler. This is one of the key drivers to yesterday’s rally in the broad crypto markets . Because Atkins isn’t just a crypto-friendly former regulator.
He’s been advising crypto companies since 2017 and he’s the co-chair of Token Alliance, a subsidiary of Digital Chamber, which was spun up to promote digital assets. Atkins has been consulting crypto companies on how to work with the Securities and Exchange Commission, avoid penalties and lawsuits. And now he might be taking the top job at America’s financial watchdog.
It doesn’t end there. A new pick today promises even more growth for the crypto industry in the US.
Trump has tapped venture investor and podcast host David Sacks to be the “White House AI & Crypto Czar.” In a post on his social media, Trump wrote that “David will focus on making America the clear global leader in both areas.” “He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.”
Sacks was a major Trump supporter earlier this year. He invited Trump to join him and his podcast peers and fellow investors Chamath Palihapitiya, Jason Calacanis, and David Friedberg for a talk on his All-In podcast , which Trump has called the “top podcast in Tech.”
With the stars seemingly aligning for the crypto industry heading into 2025, many digital asset proponents are now calling for $100,000 to be the bottom. A new, loftier goal is now in sight by end of year: $125,000. In 2025, the forecasters among us project Bitcoin prices of about $250,000 , or a 150% increase from current levels.
📡 What’s your forecast? Do you think we’ll see prices top $125,000 still this year? And $250,000 next year? Share your thoughts below!