Be Ready For A 20%+ Pullback On BitcoinTraders,
With the 100k psychological resistance almost hit today and just above that our 1.618 Fib Retracement from previous high in 2021 to its low during the bear market, I think it is time we consider some pullback from Bitcoin. I sometimes like to take a look a MSTR to see what it's doing as it often drops clues as to what Bitcoin will do next. Today MSTR dropped nearly 22%. That's interesting because the level of pullback that I have been discussing for Bitcoin is to that 76k price level, around 22%.
I may actually even pull the trigger and short BTC at 100k and then DCA in another load at 102k but I am not sure we'll even get there before we start to pull back.
✌️ Stew
BTC-D
HelenP. I Bitcoin will rise a little and then fall to trend lineHi folks today I'm prepared for you Bitcoin analytics. A not long time ago price rebounded from support 1, which coincided with the support zone and started to decline. In a short time, BTC declined to 95700 points, after which tried to grow, but when it reached support 1 then continued to fall. Bitcoin declined until to trend line, thereby breaking support 2, which coincided with one more support zone. But soon, price turned around and in a short time rose to support 2, broke it again, rose a little more, and then made the correction. Next, the price tried to grow to support 1, but failed and later dropped to the trend line, which soon broke and fell to support 2. After this movement, the price some time traded near this level and then made a strong impulse up, thereby breaking the trend line with support 1 and even recently reached a new ATH (104K), after which made a small correction movement. For this case, I expect that BTCUSDT will rise a little and then start to decline to the trend line, therefore I set my goal at 101500 points, which coincides with this line. If you like my analytics you may support me with your like/comment ❤️
Another amzing signal, captured 7000+ points in totalYesterday was an amazing day and trend captured from the bottom and sentiment remained throughout the night and had amazing and awesome captures of points..
it was either bullish or sidways.. and in chart you can see both.. green was bullish sentiment for buy and no color / charting color was sideways market. till now market is sideways and no signal has been generated so far on 15 min time frame.. this is the real power of my sentiment cycle indicator (PAID)
Can Bitcoin reach 100k?Hello, Traders!
Bitcoin price keeps reaching new all-time highs following the recent U.S. election. BTC recently surged past its previous ATH and quickly touched the 80k level. Now, many traders are wondering - how much higher can Bitcoin go before we see a correction?
Based on current trends, Bitcoin can potentially reach the 84k-86k range before taking a breather. However, this will largely depend on external factors, such as Bitcoin-ETF activity, political statements, and overall market sentiment.
At the moment, market sentiment remains extremely bullish, which suggests that Bitcoin upward trend may continue for some time. However, if a correction does happen, the 74k support level will likely play a key role in determining whether the uptrend continues or not.
On the other hand, BTC price might just keep pumping up to 100k before correction happens.
Please don’t forget to boost this idea and leave your comments below.
ROAD TO 125K !!!ROAD TO 125K !!!
Maybe your biggest risk is your biggest chance.
Do you believe that ?
Give me some energy !!
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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!!
Pi Cycle Indicates The Bottom of BTCThe Pi Cycle just triggered the Bitcoin bottom.
This is the 3rd time in the history of the bitcoin Pi cycle has shown the bottom signal, this indicator accurately predicted the Bitcoin bottom in 2015 and 2018.
if this indicator works for the third time then we are at the bottom of the bitcoin bear cycle.
Thanks
Hexa
Breaking: Bitcoin Surpasses $104k, Eyes on $150k NextBitcoin ( CRYPTOCAP:BTC ) has officially broken through the $100,000 barrier, reaching a new all-time high of $104,000. This milestone, achieved after nearly 15 years since its inception, has not only validated the resilience of the cryptocurrency but also shifted the narrative around its skeptics. Here's an analysis of both the technical and fundamental aspects driving this surge:
Technical Analysis:
Current Price and Momentum: As of now, Bitcoin trades at approximately $102,000, marking a 3.8% increase. The Relative Strength Index (RSI) stands at 71, suggesting the asset is slightly overbought. This could indicate a potential retracement, but the market sentiment remains bullish.
There's an expectation of a retracement to the 38.2% Fibonacci level if selling pressure increases, which would be a normal correction in a strong uptrend.
The daily chart shows signs of a forming golden cross, where a short-term moving average (like the 50-day MA) moves above a long-term moving average (like the 200-day MA). This pattern is typically viewed as a bullish signal, indicating possible continued upward momentum or a reversal to an uptrend.
Future Price Targets: Analysts are eyeing $115,000 as the next psychological resistance, with many predicting a climb to $150,000, driven by increasing institutional interest and market sentiment.
Fundamental Factors
Institutional Adoption: The involvement of hedge funds and institutional investors has significantly grown. For instance, MicroStrategy's stock (MSTR) has seen a surge due to its Bitcoin holdings, now valued at over $40 billion, providing a clear example of institutional confidence in Bitcoin's future.
Regulatory Environment: The election of Donald Trump, known for his pro-cryptocurrency stance, has bolstered investor confidence. His administration's expected regulatory leniency or support towards cryptocurrencies could further drive institutional and retail investment into Bitcoin.
Skeptic to Advocate Transition: High-profile skeptics like Mark Cuban and Jamie Dimon have either shifted their stances or their companies have engaged with blockchain technology, reflecting a broader acceptance of Bitcoin's role in finance. This shift is significant from a fundamental perspective as it indicates changing perceptions at high levels of finance and investment.
Supply and Demand Dynamics: Bitcoin's supply cap at 21 million coins, combined with its increasing adoption, creates a fundamental scarcity that could drive prices higher, especially as demand from diverse sectors like retail, institutional investors, and even nations considering it as a reserve asset grows.
Market Sentiment and Future Prospects:
Market Sentiment: The crypto community and broader financial markets are buzzing with optimism. The narrative has shifted from Bitcoin being a speculative bubble to a legitimate store of value, often likened to 'digital gold'.
Potential Risks: Despite the bullish outlook, there are warnings about potential pullbacks if the current rally reverses. However, the overall market sentiment suggests that any dip might be seen as a buying opportunity by investors looking for long-term value.
Conclusion
Bitcoin's journey past $100,000 underscores not just its technical strength but also its evolving acceptance in the financial ecosystem. The transition of skeptics into either silent supporters or active participants in the crypto space further solidifies Bitcoin's foundational role in modern finance.
With the technical indicators supporting a continued trend and fundamental factors aligning for growth, Bitcoin's ascent to $150,000 looks increasingly plausible, marking another significant chapter in its storied history.
Signal processing by TROYAgainst the background of maintaining purchases in the first half of the month, in addition to vib, I want to pay attention to troy, which showed much more confident dynamics. At the last pulse, a clear signal was left for a breakdown of the 0.0075 level, which gives a signal for a hike up to 0.0125-150 in the future. At the moment, the re-trading on the daily chart has been completed with the successful cancellation of further sales. There is a high probability of an attempt to gain a foothold above 0.0075 before the middle of the month, which would allow sales to be repaid until the end of the year, regardless of market dynamics. With a negative market and a 75-85k btc reversal, you can count on at least a 0.0075 retest on troy, which will already give 50%+ profit. The main support at the moment is the 0.0025-35 range from both borders of which you can make toppings in addition to the main position.
BTC correction is inevitable...So... BTC made it to 100k and beyond!!! Amazing fact indeed. History is repeating again and each time with higher prices but even without super special technical analysis, the logical thing to happen is a correction sooner or later. maybe not under 85k-90k , maybe more but it IS going to happen no matter if governments and MicroStrategy or everyone else is buying. When BTC reached 74k for the first time, MicroStrategy, governments and everyone was buying BTC, all moon boys and moon girls were shouting to infinity and beyond etc yet a correction happened. Same since 2017 when BTC reached 19k for the first time, same at 38k, same at 59k, same at 64k and so on...
Of course IMO BTC will go higher and higher as time passes (and I hope so as a trader) but all parabolic moves lasted for a while and then corrections came.
Share your opinions in the comment if you like!!
Market pullback at the change of the monthToday, on the threshold of changing the monthly candle, I want to once again consider the market position and prospects for the coming week. This week, the price has worked once again according to the forecast for a local overshoot and a test of 3750. Further, according to the planned plan, by the change of the month, the probability of consolidation prevails in the area of the key level of 3500, which determines the direction by 5000 or 2500 in case of consolidation under it. I think the new month will open above 3,500 due to the positive opening of the half-year, quarter and second half of the quarter, which give signals to maintain purchases. Today, there is a probability of a breakdown of 3750 with an attempt to close the month higher, but with a lower probability, because this week an attempt to retest 3000-3100 was bought off and this target remains for the new month, which puts pressure on the market.
Bears are quite likely to take advantage of the current pullback to 3500 to work out the goals on the 3100 retest. In this regard, at the beginning of the week, the market may stall even when the month opens above 3500, against which a shadow will be drawn for a new monthly candle on both tops and altcoins. For coins that have shown a large increase this month, this momentum may turn into stable sales and a rollback on an annual schedule until the beginning of the new year. It is worth being on the alert when working with overbought coins. Coins that have not shown significant growth this month are likely to give a slight pullback and quickly return to continued growth.
After the shadow on the new monthly candle, I expect a recovery in buyer activity from the middle of the week and a transition to a continuation of the bullish trend and a reversal of the weekly and monthly candles into bullish ones by the end of the week. Purchases are likely to continue until mid-December against the background of last month's trend. During this period, the bulls should be able to break through 3750.
Against the background of the current pullback, I reduced positions on ast and akro because they have an incomplete issue and are more sensitive to market drawdowns against this background. There is also no obvious breakdown on the move, which indicates the fears of buyers in connection with the upcoming pullback. I keep Vib in full volume due to the absence of pitfalls in the form of emissions. It protects the probability of a 0.1 jump with an attempt to close the month higher. According to vite, there is also a fairly large position in the work, due to the full issue and high oversold value of a similar vib.
BTC Going towards 123k? 123000 Bullish52-48k key support.
worst case scenario is 38k...
1. Market Analysis:
Asset: BTC (Bitcoin)
Timeframe: Daily
Pattern: Cup and Handle formation (potential)
Support Levels: Heavy support between $52,000 and $48,000
Additional Confirmation: Bullish divergence on the daily timeframe
2. Entry Criteria:
Cup and Handle Formation: A cup and handle pattern indicates a continuation of the previous uptrend. The pattern is confirmed once the price breaks above the handle's resistance.
Support Levels: The $52,000 to $48,000 range serves as a strong support zone. Entering the trade near this support zone provides a favorable risk-reward ratio.
Bullish Divergence: The bullish divergence on the daily timeframe suggests potential upward momentum.
3. Trade Setup:
Entry Point: Place a buy limit order in the $52,000 to $48,000 support zone. Alternatively, wait for a bullish confirmation signal (e.g., a bullish candlestick pattern) within this zone.
Stop-Loss: Set the stop-loss order below the $48,000 support level to limit potential losses if the price unexpectedly breaks down further. Ensure that the stop-loss level is at a logical level to avoid being stopped out by normal market fluctuations.
Take-Profit: Determine your take-profit target based on the projected move following the cup and handle pattern. The target can be set at $123,000, as per the anticipated move. Consider scaling out of the position as the price approaches key resistance levels or intermediate targets.
4. Risk Management:
Position Size: Calculate your position size based on your risk tolerance and the distance between your entry point and stop-loss level. Ensure that you only risk a predetermined percentage of your trading capital per trade (e.g., 1-2%).
Risk-Reward Ratio: Aim for a favorable risk-reward ratio, ideally at least 1:3 or higher. Given the potential for a significant upside move, a higher risk-reward ratio is desirable.
5. Additional Confirmation:
Volume Analysis: Check for an increase in volume to confirm the validity of the bullish divergence and the potential for a strong upward move.
Support and Resistance: Ensure that the trade aligns with key support and resistance levels on higher timeframes (e.g., weekly).
6. Trade Execution:
US government scared traders, but investors aren't afraidHello,
The US government moved 10K #bitcoin worth $963 million to Coinbase, which can fuel bearish pressure, but the market seems strong. I copied a relevant tweet into the chart. When Bitcoin inflow to exchanges goes up, the price usually goes down. It happened now. That's why the last five 4-hour candles print a bearish pattern. However, the market, according to the MACD, is still in a bullish trend. According to the Fear and Greed index, investors aren't afraid and most likely will exploit the bearish candle pattern to buy more in the bullish trend as the long position on the chart shows. The government's selling pressure will meet with investors' buying appetite. However, as long as the market remains this greedy, I don't see Bitcoin making new ATH. $99.8k might stay as a local top in the near future. So, in the upcoming week, I expect consolidation to unfold between the two white levels, $94.5k and $98.7k, in a price range marked by the white arrow, enabling large-cap altcoins to outperform Bitcoin according to the Large Caps phase of the Crypto Money Flow Cycle. The session volume profile further contributes to the idea of consolidation because there's much trading going on between the two white levels. The high volume above $94.5k is attractive to both buyers and sellers. That's why I believe the consolidation will unfold in this price zone.
Regards,
Ely
Bitcoin Breaks $100K: Navigating the Path to $150K and BeyondIn this video, we revisit our previous analysis of BTC/USD, where the prior all-time high (ATH) was identified as a critical level. With Bitcoin now surpassing the $100,000 mark, institutional investments are pouring in, potentially driving the price toward our $150,000 take-profit target. However, traders should be cautious of a possible 28% retracement before a surge toward $450,000. The $150,000 level is expected to present significant resistance due to psychological factors, leading investors to diversify into Ethereum (ETH) and altcoins like Solana (SOL). Join me as I analyze current market dynamics, institutional influences, and strategic approaches for swing traders in this evolving landscape.
ETH/BTC Cautious LongQuick Take!
ETH approaching possible reversal and hovering above support with bullish divergence although a bit overbought for my taste.
I think I'd hold out for a bit to see where this one really starts moving.
As always; minimum 3:1, trail, and keep stops tight!📈📉
bitcoin100k #XRP #BTC #Ripple #ETH
SOLANA → Consolidation before the rally continuesBINANCE:SOLUSDT is consolidating after a strong rally. This is a generally positive sign for continued growth as the altcoin season is in full swing. It may take some time to overcome the previous ATH
Within the current move, Solana updates the ATH and forms a false breakout, which closes the coin in a channel, but not for long. A consolidation of 265 - 221 is forming within a strong bull market. The coin has several drivers: Trump, favorable background of his policies, talks about the fund, bullish BTC, which is already testing 105K and so on....
Technically, until the consolidation is over the movement will not continue. the trigger for continued growth could be the area of 250 - 265. The breakout and holding of the defense by the bulls above these zones could be good signals for further rally, as above 265 is empty and there is no resistance
Support levels: 222, 205
Resistance levels: 239.6, 245.3, 264.4
I do not exclude the fact that a false break of support may be formed, but the market is generally bullish. accordingly, the current situation can be viewed from several angles: buy on a pullback or buy after a break of resistance with the aim of further growth
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;)
Regards R. Linda!
BTC/USD In the ascending triangle . Ascending Triangle AnalysisHi every one
As you can see, this is an ascending triangle , this pattern can be a good thing and increase the price.
Remember that Trend is our friend and we have to hold his hand and go with him.
Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
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Good luck.
BTC: This May Be Your Last Chance Before Exploding to Upside !!
Last year, when I was analyzing this, I wondered if Bitcoin could return to its golden days. At that time, Bitcoin was at $30K , and I was hopeful that good days would come again. Now that Bitcoin has surpassed $80K , I realized that our collective thoughts drive momentum in everything. We had hope , and this hope turned into reality. Now I hope Bitcoin will also reach $100K . Technically, if this weekly candle closes, it can be said that Bitcoin has successfully broken this cup and handle pattern, and after that, it can reach higher prices.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
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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!!
127K is the next oneMorning folks,
So, today is not too many things to comment - our 102K target is done perfectly, as well as entry process setup.
Now we need to give some time to the market and see what the reaction will follow on this level. Reasons for reaction exist - monthly and weekly Overbought, strong and important 100K target. So at this point I wouldn't hurry up with the new long position.
Based on monthly chart next all time target is 127K. It doesn't mean that BTC will go to it immediately, but this is just the next one to consider, when you plan to invest or buy BTC for long-term some day later:
Give me some energy !!!Bitcoin has completed its 5TH upward wave, and now it's time for a price correction down to around 84k. The price can correct itself and then continue its growth.
every uptrend has to be corrected, that's the nature of the market.
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.💚
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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!!
Be careful with Bitcoin,Time to buy again!!!In the 2-hour time frame, as you can see, there are two bullish patterns. The first one is a triangle, and the second one is a H&S . If either of these patterns breaks, the price of BITCOIN can reach around $105K . AB=CD
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!!