An update on the monthly log channel chart from AprilI posted this chart idea originally all the way back in april when I discovered that all the major tapas and bottoms of the market since the 2017 top until now are all in a very clear set of rising channels seen best on the 1 month log chart as shown here. We can see since that time in April, Bitcoin has now broken back upward and is very close to retesting this super strong trendline just above it currently around 47-48k. This trendline is likely to be significant resistance, however there is a chance during a moment of extreme fomo where we could break above this trendline and retest the lighter green ascending trendline with a wick which is currently sitting around 56-58k on the current monthly candle. Ultimately my guess is the trendline just above current price action at the 48k zone is likely to maintain candle body resistance and lead to the next big market correction. It may even maintain wick resistance too but I still believe we can possibly wick above it and retest the trendline just above it with a wick before ultimately closing whichever candle gets above it’s candle body below the 48k trendline. Once this happens, the first zone I’m going to be watching to hold support is at the 1month 50ma shown here in orange. There’s a decent chance we could correct even lower than that but that will be the first zone I watch for a potential reversal back into the uptrend. For now though I think it’s completely possible to go as high as the 56-58k zone with a wick while still maintaining the trendline just above this current area as resistance but I wont be surprised if that trendline at 48k is so powerful we cant even get a wick above it either. Both seem quite probable to me at this point. I am going to attach a link to my original channel idea on this update as well so you can see where this channel discovery originated from. *not financial advice*
BTC-D
Will Bitcoin's price reach 245K?The time frame of this analysis is 2W. the chart you see is a complete data chart for Bitcoin. We have a valid price channel for Bitcoin, where the channel's midline and the resistance drawn from previous highs (red line) point to the 245K - 250K range. As you know, we had previously set a target of 169K for Bitcoin in the medium to long term, starting from much lower prices.
Experience has shown that, in logarithmic charts, price channels are valid for medium- to long-term trends.
Additionally, a significant resistance level (green line) in the 77K to 78K range has been broken, suggesting that the current price floor is within this range. If a drop occurs, a retest of this broken resistance is likely. Furthermore, there is a CME gap around 77K, and if this gap is filled, the bullish sentiment in the market will likely be reactivated.
Given Trump's four years of presidency and his support for crypto, this emerging market has the potential to reach substantial market caps.
Profit-making, even in a highly bullish market, still requires patience, diligence, and risk management.
When will BTC top? - Four-year cycle theory predictionIn January of 2022, I predicted that Bitcoin would bottom in November of that year. I made that prediction on the basis of similarities across two prior 4-year cycles, and my call turned out exactly right.
Early this year (2024), I came to the conclusion that the 4-year cycle theory was invalidated when Bitcoin reached ATHs (above 69k) much earlier than in previous cycles. In fact, it made new highs even before the halving, which has never happened before. However, a few weeks ago I decided to revisit the 4-year cycle theory and see whether it might somehow still be salvageable. I argue that it can be salvaged, but only if we overlook the price action from Q1 of this year. If we treat the price action from Q1 of 2024 as an aberration - perhaps because ETF inflows were hotter than anyone expected - then the four year cycle can still be considered valid, and put to work to make some predictions.
With that caveat, in other words, if we overlook evidence that invalidates the hypothesis (stupid, I know) then I can say that Bitcoin should top sometime between Sept 20 and Oct 20 of 2025 ...that is, if this cycle matches older cycles.
I make my prediction on the basis of the following four criteria across three prior cycles.
1. It has taken Bitcoin between 364 - 415 days to reach the bottom from ATHs. In other words, it takes Bitcoin around a year to reach bottom.
2. It has taken Bitcoin between 1070 - 1135 days to make new highs after a previous cycle's ATHs. If you bought the absolute top of a cycle, you've had to wait around 1100 days before you saw new highs.
3. After Bitcoin makes new highs, it tends to run for between 329 - 343 days before reaching that cycle's top. In other words, after making new highs, Bitcoin stays in a bull market for close to a year.
4. Finally, and most interesting, it has taken Bitcoin EXACTLY 1064 days to reach ATHs from a previous cycle's all-time-lows on two separate cycles . That is a remarkable coincidence.
So, if we overlook the price action of Q1 2024 and decide that Bitcoin made new cycle highs (above 69k) for the first time in October of 2024, then we can drink from the hopium cup which says Bitcoin should keep running for around a year until Sept-Oct of 2025. If, by some strange coincidence Bitcoin tops out exactly 1064 days from last cycle's lows (criteria 4 above), the top should come in on October 20th, 2025.
So, once again:
Sept 20 - Oct 20
This is obviously not scientific, and even more obviously NOT financial advice.
Here's the link to my 2022 bottom prediction:
BTC Daily Chart - Cup and Handle formation - Target $89k Dec 6thI'm not convinced this is a great Cup and Handle formation, but it is there and it is also on ETH.
However, if you compare it to the other charts, the numbers seem to be within the same reasonable ballpark and timeframe, so it's possible that multiple patterns will more strongly confirm the target.
I also don't remember how to calculate the estimated date for a C&H target to complete, so I just used 60 days as an estimate.
Lets see how this one does after the test of time.
Crypto Money Flow CycleHello,
The Crypto Money Flow Cycle is a flow model that discusses the route of investments from fiat to Bitcoin, from Bitcoin to altcoins, and backward into fiat, booking profit at every step. The model theorizes that most Bitcoins in circulation aren't mined but are bought for fiat. Before every bull run, investors don't necessarily buy mining equipment but purchase Bitcoins from their fiat money. As more and more money flows from fiat into Bitcoin, Bitcoin price rallies. At this phase, Bitcoin usually pumps more than most altcoins. At the end of the phase, investors buy altcoins from their Bitcoins.
They prioritize large caps like Ethereum. So, the price of large caps rallies compared to fiat and Bitcoin. Usually, these rallies outperform Bitcoin because the investors can afford to invest not only the initial fiat value but all the profits so far. That is Bitcoin's performance on fiat compounded by the large caps' performance compared to Bitcoin.
Over time, investors move the value from large caps to medium caps and from medium caps to small caps, pumping the markets in this order. Since the investment in medium caps is larger with the profit than the large caps, medium caps usually pump more, and similarly, small caps pump even more when money from medium caps flows into them.
To realize all the profit so far, investors can exchange small-cap altcoins back into Bitcoin, which means Bitcoin will pump once again. Then all the money so far, which is the initial fiat value compounded by the profit from each phase can return into fiat. Usually, this is when Bitcoin suffers correction and drags altcoins with itself.
That's how the Crypto Money Flow Cycle usually works. It's a model, which might or might not be true. However, I can say AI could trade the estimated phases with a success rate of over 71.23%, which means there might be more to this model than luck.
Regards,
Ely
DOGE - Decision PointHello Doge Fam!
This is where the Tribe mentality of Doge, bound by a sense of Love, has the opportunity to shine. We face a pretty key decision point in continuing our exponential rally to the next big level, or facing the reality of a pull back to close the gap we left when we jumped up from $.20 to $.420 :)
That scenario is shown in orange….
So… whats it gonna be? Will we hold strong as a tribe? Will BTC fail this same test, and trigger a cascade of money flow to DOGE from BTC?
David vs Goliath.
BTC KEY MOVE NEEDED BEFORE VALHALLABTC/USD Daily Chart
The key to Valhalla
Falling below 75k and staying below would be a major redflag.
A retest is needed of the 75k area is needed to reset oscillators and to confirm the strength of this bull trend before 100K+
Bearish divergence on the daily confirmed.
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Bitcoin Cup and Handle Update Targeting $121,541 Before 2024 EndI recently shared a cup-and-handle pattern on a different exchange back on November 16th. Here's the updated version for Bitcoin it has already broken out and is now finding support around $96,500. This is on the weekly chart, and so far, it’s playing out well. The target for Bitcoin is $121,541.00. Wishing everyone good luck in reaching the 100K mark before 2024 ends! Drop a comment below if you think we’ll break 100K before the year is over.
MINA SWING LONG IDEA - CRYPTO MARKET ALTSEASON The price ran 2023’s swing lows and got rejected with an impulsive wick, bringing it back into the 2023-2024 range. I believe this action has reached the max pain point for this coin.
After sweeping significant lows, the price showed strong upward momentum, breaking the weekly structure and initiating a bullish trend. The daily upward momentum is also increasing, which suggests we may see some retracements, but the target is the purple lines, 2024 highs, and potentially smashing all-time highs.
The fundamentals of this coin are also strong. I believe the coin’s fundamentals will act as a catalyst, driving strong bullish momentum during the 2024-2025 altcoin season.
APTOS - APT COIN SWING LONG IDEA - ALTCOIN MARKET - CRYPTOAptos is one of the most useful Layer 1 chains in crypto right now. I believe the fundamentals of this coin are remarkable, and I expect it to perform well during the 2024-2025 crypto bull market.
The price is coming from the monthly demand zone. It swept the 2024 spring low before getting rejected from the monthly demand, which created strong bullish momentum. It also broke the diagonal trendline responsible for the bearish movement. Currently, both weekly and daily momentum are strongly bullish.
I expect the price to hit the daily demand zone and take off from there. It might form a small range around this level, but I believe we are targeting all-time highs.
JUP SWING LONG IDEA - JUPITER COIN SWING LONG - SOLANA CHAINFundamental Analysis: JUP is the top DeFi project on the Solana chain. It’s a strong project and one of my favorite DeFi projects in all of crypto. I have confidence in their team and vision. Recently, we’ve seen strong momentum in JUP alongside SOL's bullish movement.
Technical Analysis: The price is coming from the monthly demand zone. The weekly demand zone supported the price after testing the monthly zone, and it has broken the diagonal bearish trendline that was responsible for the mid-term bearish trend.
We recently hit and got rejected at the diagonal trendline responsible for the long-term bearish momentum. I believe we’ll see a small retracement from here before taking off, potentially aiming for new all-time highs.
BITCOIN - Price can bounce up from support line of wedgeHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A few moments ago price entered to wedge, where it bounced from support line and started to grow.
In a short time, BTC reached the $90700 level, which coincided with the support area, and started trading below it.
Soon, price broke this level and rose to resistance line of wedge, but then BTC turned around and fell back.
Next, price finally broke $90700 level and later made retet, after which bounced and continued to grow.
Later it rose to resistance line of wedge again but then corrected to support line, after which started to rise recently.
Now, I think that price can fall to support line of wedge one more time and then bounce up to $104000
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BITCOIN BLX 1 Month Now, the Monthly chart is nothing to F with!
Take a look at the RSI with it at the bottom by the blue line, every time it was down there the next move up was a Bull run.
The Stochastic RSi is already curling up with the mouth opening about to gasp some air as it heads to the up side. Can we see continuation? KKEP AN EYE ON THIS!
A lot point to a Run to the upside is near, don't sleep on this.
CPI numbers tomorrow morning will cause Volatility, be ready. 8:30 am ET/ 5:30AM PT <---
Good Luck Out There!
BITCOIN VS THE EMA's (COLORFUL LINE EDITION)Another crazy looking chart.
Here's a neat chart that gives a picture of BITCOIN when you look at it from a bigger picture.
This is a scary point for BTC, it's somewhat on the edge of a cliff.
And if you look at the EMA's,
There are a few times when they have looked this overextended with the smaller EMA starting to come down closer to the 20.
Marked with flags.
So what does this chart mean?
Does it mean BTC will definitely go to 17k?
Idk, hard to say, but what I can say is bitcoin has some weird indicators and weird spring like trends starting to form.
Cycle wise, we should be topping out.
Which can really take the price down low.
But when we project out the numbers, and see BTC as a whole, and then consider where the price could be (100k to 1.2mil) we can see that a drop to 17k before a run to 120k wouldn't be the worst thing in the world as it allows the price to settle over the 50k mark, probably for a very long time.
But can we assume a drop to 17k?
No.
But we can project where a drop with a springlike move to the upside can take us.
So to follow the chart, connect the colors.
IF drop takes us to blue, and holds, good chance, we head back to blue.
If drop takes us to red, assume bounce back is huge.
I wouldn't be surprised to see 41 to 38k again in the near future.
If we start to break out, catching support at 62.9, watch for a sharp 70 or 80k rejection into a very similar move (steep drop, big return). If downside is sharp and fast, it likely returns to 52k to 62k pretty quickly, which then allows for the same confirmation at 62.9 without the need to return to 17k. That breakout at 62.9 with the downside having already completed should likely be a "launching point" in price, taking us to that 120k price target.
Why can we see such a big movement in a short period of time?
I'd assume or guess that it has to do with the nature of bitcoin, the news a crash could cause, a rush of institutional buying, and a drop in the overall market, and panic, lots of panic.
NOTE:
Projection line is a rough guess at best to show an idea, follow the price targets, as again, it doesn't have to drop that far, it doesn't have to drop that fast. But if it does, at least this chart will give you a rough idea of when you could try to buy into that fear.
Bitcoin: Is the Psychological Barrier of $100,000 Within Reach?Bitcoin: Is the Psychological Barrier of $100,000 Within Reach?
Bitcoin continues its impressive rally toward the psychological barrier of $100,000, driven by both fundamental and psychological factors. The rise in its value is supported by growing adoption, institutional investments, positive market sentiment, and key developments within the cryptocurrency ecosystem.
Adoption and Acceptance
Bitcoin’s growing acceptance by businesses, financial institutions, and individual users is increasing its utility and value. As more entities begin to accept bitcoin as a form of payment, demand naturally rises, solidifying its position as a viable medium of exchange.
Institutional Investments
One of the primary drivers of bitcoin’s growth is the involvement of large institutional investors such as hedge funds, investment firms, and corporations. Their entry into the market significantly boosts liquidity and builds confidence in the cryptocurrency, attracting smaller retail investors in the process.
Planned Regulatory Changes and Strategic Reserves
Future President Donald Trump’s proposals to establish strategic reserves in bitcoin and introduce cryptocurrency-friendly regulations could be game-changing for the market. Such measures are likely to attract new market participants, driving demand and increasing bitcoin’s value.
Media and Market Sentiment
Positive media coverage, endorsements from influential figures, and expert analyses play a crucial role in shaping market sentiment. Media narratives have a substantial impact on perception and can amplify investor interest, fueling price increases.
Technological Improvements
Advancements in blockchain technology and updates to the bitcoin network are improving its efficiency, security, and scalability. These innovations make bitcoin more appealing as an investment asset, contributing to its rising value.
Macroeconomic Factors
Global economic uncertainty, inflation, and the weakening of traditional fiat currencies are pushing investors toward alternative assets. Often referred to as “digital gold,” bitcoin is increasingly viewed as a hedge against currency devaluation and a reliable store of value.
The 2024 Halving
This year, bitcoin underwent another halving – the process that reduces the reward for mining new blocks by half. This reduction in new supply, coupled with sustained or growing demand, has historically led to price increases, and the current cycle appears to be following a similar trajectory.
Infrastructure Growth and ETFs
The cryptocurrency market’s infrastructure is rapidly evolving, making bitcoin more accessible than ever. The growth of exchanges, cryptocurrency wallets, and inflows into bitcoin-based ETFs are driving demand and strengthening the market.
Seasonality and an Unstoppable Trend
Seasonality is also working in bitcoin’s favor. Historically, the final months of the year often see strong performance in the cryptocurrency market. The current upward trend seems difficult to halt, and breaking through the $100,000 level appears to be only a matter of time.
Conclusion
Bitcoin remains one of the most dynamic assets on the market, drawing interest from institutional and retail investors alike. The combination of fundamental, technological, and macroeconomic factors suggests that the rally toward $100,000 could not only materialize but also set the stage for further gains.
Will bitcoin surpass this symbolic threshold, or are there still hurdles ahead? Share your thoughts in the comments.
Bitcoin will Go Down Again!?Yesterday's data, including GDP , Core PCE , and Unemployment Claims , indicate persistent inflationary pressures and a relatively strong U.S. labor market. This could increase the likelihood of continued hawkish monetary policy from the Federal Reserve , typically strengthening the dollar and putting downward pressure on risk assets like Bitcoin( BINANCE:BTCUSDT ) .
Conversely, if markets interpret these figures as nearing the end of the Fed's rate hike cycle , it could be a bullish signal for Bitcoin .
Bitcoin has managed to break the Ascending Channel in the last two days. (as I expected in the previous post ).
Currently, Bitcoin is moving in the Resistance zone($97,642-$97,180) and near the lower line of the ascending channel and Important Resistance line . Yesterday's upward movement can be considered a pullback to the ascending channel (broken). One of the signs of the completion of a pullback can be the Shooting Star Candlestick Pattern ( You can see this pattern in the 4-hour time frame ).
According to the theory of Elliott waves, Bitcoin seems to be completing a corrective wave , a Zigzag corrective(ABC) wave structure.
Also, considering that USDT.D%( CRYPTOCAP:USDT.D ) will again follow an upward trend and BTC.D%( CRYPTOCAP:BTC.D ) will follow a downward trend , Bitcoin may be corrected again. Maybe the conditions( In terms of Correction ) of Altcoins will be better than Bitcoin.
I expect Bitcoin to start falling again after the pullback completes , and the first target is the CME Gap($93,835-$93,720) , and then attack the Support zone($90,000-$88,700) again.
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
⚠️Note: If Bitcoin goes above Resistance zone($97,642-$97,180), we can expect it to touch $100,000.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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