GMX Long Spot Trade (Accumulation Breakout)Market Context:
GMX is exhibiting signs of accumulation exit, with price action hinting at a potential breakout. A sustained move above $30, followed by a successful retest of this level as support, could confirm continuation toward higher targets.
Trade Setup:
Entry Zone: Around support at $30.00
Take Profit Targets:
First target: $40.00
Second target: $49.50
Third target: $70.00
Stop Loss: Daily close below $25.00
This trade capitalizes on the breakout potential and a confirmed support flip for a strong upward continuation. Keep an eye on volume to confirm breakout strength.
BTC-D
Bitcoin Correction Started!?Bitcoin ( BINANCE:BTCUSDT ) started pumping again today with the help of the following two News :
1-Chinese Court Declares Bitcoin and Crypto Ownership Legal.
2-Trump Plans White House Crypto Advisor Role.
These days, Bitcoin is more influenced by the news than before.
Bitcoin managed to break the Important resistance lines with the help of the above news .
Since Bitcoin does NOT have a previous price history at current prices , its analysis is associated with challenges, but I will try to analyze it for you with technical analysis tools and other parameters .
Bitcoin reacted well to the new Potential Reversal Zone(PRZ) .But Bitcoin could not touch the magic number of $100,000 ; one of the reasons for not touching this number is many sell orders that were exactly on the number of $100,000.
According to the Elliott wave theory , Bitcoin has entered five new impulsive waves after breaking the important resistance lines. It completed the main wave 5 .
It seems that we can wait for Bitcoin correction waves .
In terms of Classic Technical Analysi s, Bitcoin seems to be completing the Bump phase and entering the Run phase of the Bump-and-Run Top Pattern .👇
It also seems that USDT.D% ( CRYPTOCAP:USDT.D ) will have an upward trend , which can cause Bitcoin correction .
I expect Bitcoin to attack the lower line of the ascending channel after approaching the Resistance zone($97,642-$97,180) .
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
⚠️ Note: If Bitcoin goes above $98,700, we can expect it to touch $100,000. ⚠️
⚠️ Note: Bitcoin can start to rise again from the lower line of the ascending channel. ⚠️
⚠️ Note: We should expect a deeper correction if Bitcoin goes below the Support zone($95,600-$92,000) and breaks the lower line of the ascending channel ⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSD rejected before $100k. Don't panicAt the start of this month, BTCUSD was sitting below $70k. Look where we are now.
Lets see if BTCUSD will hold this 1H candle trendline. If we break below, we'll observe whether the top level of support from the last 2 weeks holds.
If we don't succeed in holding the orange level, we can see BTCUSD come back down to 86k-93k and accumulate some more before coming back up to break 100k.
& believe me when I say it, we are going to break 100k and more.
BITCOIN | MACRO OUTLOOK | Top is IN | ALTCOINS SHINEI've been risking my opinion for the better part of a year, saying that the ATH is stilllll coming. Now, it's time for me to choose my trades again; and I'm choosing to take my profits here.
Here's a replay of an entire year's worth of BTC updates, incase you want to verify😉:
The next thing I'm looking at is the continuation of Altseason , because the TOTAL3 chart peaks AFTER the BTC high. I touched a little bit on this mechanic here; but I think I'll do another update on that in coming days.
After alts top-out, for BTC bounce zones I'll consider the moving averages, Elliot wave corrective theory, and previous resistance zones as new bounce zones. But this is near term, not short term.
Stay tuned!! Cheers to the believers 🥂
________________
COINBASE:BTCUSD
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.
NEAR SWING LONG OPPORTUNITY - NEAR ProtocolNEAR is one of the strongest blockchains in crypto. The network has proven itself by being around for over four years and is currently among the top 20 coins by market cap. It’s also a project I follow closely and look for trading opportunities with.
Technical Analysis: Price recently hit the monthly demand zone, sweeping daily equal lows without closing below. This indicates a liquidity grab through a wick and a subsequent break of the bearish trendline responsible for months of downtrend. Additionally, a weekly demand zone was created as the weekly structure shifted to bullish during the breakout.
Currently, price is within the weekly demand zone and is at a discount level in the optimal trade entry area, within the Fibonacci golden pocket.
I’ll be opening some swing positions here, targeting the first bearish upper trendline and, ultimately, the weekly swing high as marked on the chart. Stop loss is set below the monthly demand at 2.350.
The same 100-102K target in focusMorning folks,
So, our suggestion that BTC is aimed on 100K and will keep going to it directly seems was correct. J. Yellen resigned, and it was another positive news for BTC.
Anyway, currently we see no reasons to change our trading plan. On daily chart we have bullish grabber, suggesting upward continuation.
So, it is just a few steps until the target. We suggest that some pattern could finalize this action. It might be either butterfly or 3-Drive - they have different shape but the same target. Invalidation point for this setup is 95K lows. THis is for those who trade on intraday charts.
For, greater setups we need to wait for reaction on 100K target. We do not exclude the chance of moderate pullback, so something bearish might be formed there. Let's keep watching.
Bitcoin - Will Bitcoin stabilize above $100,000?!Bitcoin is above the EMA50 and EMA200 in the 4H time frame and is trading in its ascending channel. Risk On sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. We will look for bitcoin selling positions in the range of the channel ceiling (weekly).
Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. The break of the charted channel will pave the way down for Bitcoin. Bitcoin buying positions can be looked for in the two specified demand zones.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.
Michael Saylor, founder of MicroStrategy and a prominent Bitcoin advocate, is set to present a Bitcoin investment strategy to Microsoft’s board of directors next month. On November 19, Saylor announced that he would have three minutes to outline the investment plan to the board.
This development follows Saylor’s headline-making proposal last month, where he offered to help Microsoft generate $1 trillion in revenue through a Bitcoin-based treasury strategy. In an October post on X, Saylor urged Satya Nadella to reach out if he wanted to secure the next trillion dollars for Microsoft’s shareholders.
The proposal came after reports that Microsoft shareholders would vote on a proposal to consider Bitcoin as a reserve asset. However, the board of directors blocked the proposal. Nevertheless, market observers noted that major shareholders like Vanguard, BlackRock, State Street, and Fidelity will play a critical role in the company’s final decision.
With $78 billion in cash reserves, Microsoft has made significant investments in companies such as Skype and OpenAI but has yet to allocate any funds to Bitcoin or related assets. Saylor argues that this approach is short-sighted and urges tech giants like Microsoft, Apple, and Google to consider Bitcoin as a superior alternative to cash reserves. According to Saylor, if Apple had invested $100 billion in Bitcoin, it could have grown to $500 billion, and the company would now have a $500 billion business growing at 20% annually.
Last week, altcoin trading volumes surpassed $300 billion for the first time since 2021.
Meanwhile, lawmakers in Pennsylvania have introduced a bill in the state’s House of Representatives that would allow the state treasury to allocate up to 10% of its funds to Bitcoin. If passed, the law would enable the Pennsylvania Treasurer to invest part of the state’s $9.7 billion general fund and its nearly $7 billion “rainy day” fund in Bitcoin.
Bitcoin itself has surged past $99,000, marking its largest monthly candle in several years. So far, the cryptocurrency has recorded a 40.67% monthly gain.
Donald Trump, the president-elect, has nominated Scott Bessent, a prominent hedge fund manager and cryptocurrency advocate, as the next Treasury Secretary. Bessent, founder of Key Square Group, is expected to play a pivotal role in shaping Trump’s economic policies and has supported the president-elect’s plan to establish a strategic Bitcoin reserve.
Bessent’s nomination will require Senate confirmation. If approved, he will oversee the administration’s economic agenda, including tax reforms and cryptocurrency-related policies. His extensive experience in finance and investment is expected to influence the Treasury Department’s approach to emerging financial technologies.
Google searches for Bitcoin have reached their highest level in a year.
Meanwhile, Republican Senator Cynthia Lummis of Wyoming told CNBC, “The proposal I’ve put forward, and one that President Trump has discussed, involves creating a strategic Bitcoin reserve.” She added, “This digital asset acts like a gold standard, and a strategic Bitcoin reserve is a way to integrate it into our system.”
She explained that the Federal Reserve’s 12 banks currently hold reserves that include gold certificates, which can be revalued at fair market value. Senator Lummis proposed converting these gold reserves to Bitcoin, thereby eliminating the need to print new dollars to establish this reserve.
BTC’s logarithmic bullflag targets on the monthly chart Shown here are the two bull flags that have formed since the last bull market top. Since this is on the logarithmic chart, there’s no guarantee that we can hit any of these breakout targets in the current bull market, however the smallest flags breakout target of around 199k has a much higher probability of being reached in the current bull market than the others. That being said, there is still a chance we could hit one of the 2 potential targets for the 2nd bigger flag, and even hit the highest target shown here as well which is a breakout target from a flag from 2 full bull markets ago that hasn’t yet hit its full target. Considering that logarithmic chart patterns from the higher time frames (monthly and higher) usually tend to take 2 bull markets to be reached so that does slightly raise the probability that we could hit that highest target this bull run as it is 2 bull runs after that flags breakout occurred. This probability is bolstered also by the fact that the bull flag prior to that one only took 2 bull rackets to reach its target as well.Whatever the outcome, I feel fairly confident that if not this bull run we should definitely be able to reach the 280k target by the next bull market and also very likely to reach the highest target by ext bull run as well since then it would be 3 full bull markets since that flag confirmed its breakout. Patterns worth keeping an eye on anyways regardless of how long it takes for them to reach their full targets. *not financial advice*
Bitcoin’s entire history is just a series of bullflag fractalsOn the entire bitcoin history index monthly logarithmic chart we can see how Bitcoin is nothing but bullflags. The second bullflag we broke up from took 2 bull runs to hit its full breakout target. The first one however because of how insanely long its pole is, has still yet to hit its full breakout target. It is now the 4th consecutive bull market since it broke out of the first flag though so perhaps it will reach that target this bull market, if not this market I’m confident the 1st flag will finally reach its full target next bull market. The second bull flag in the fractal series was able to hit its full target within 2 bull markets which is typically about the pace the huge macro patterns on the logarithmic chart tend to take. The other Flags since that second flag also are yet to hit their full targets but if the next flag in the series is also able to hit its full breakout target within a 2 bull market timeframe, the flags after it will also have to hit their targets as well on the way yo hitting that 3rd flags breakout target. We can see each flag seems to be getting progressively smaller as the fractal continues so odds are good the time it takes each flag to reach its full breakout target should also be getting progressively smaller as well so that would make sense. Anyways I just wanted to post a new version of the entire bitcoin history’s bullflag fractal so i could easily reference t and follow its progress for the current bull run *not financial advice*
Is Bitcoin on the Verge of a Major Crash? Warning Signs Ahead!👀👉 Bitcoin (BTC) has recently surged to all-time highs, but is the rally about to reverse? On the 1M monthly timeframe, a key horizontal resistance level is flashing warning signals. BTC appears heavily overbought, and the trend shows clear signs of overextension.
📉 Using advanced trading concepts like Wyckoff theory and ICT methodology, this video breaks down:
- How historical price action reveals similar overextended moves that led to significant pullbacks.
- Why the Fibonacci tool suggests a potential retracement to equilibrium after a parabolic price swing.
- The lack of smart money accumulation since the last major price breakout, signaling potential vulnerabilities.
🔍 We’ll examine two key scenarios:
1. Bearish Opportunity: If price action breaks structure and takes out existing range lows, it could signal a deeper correction.
2. Bullish Opportunity: If BTC trades into a discounted zone below equilibrium, this could present a strong buy opportunity for longer-term positioning.
📊 This analysis is for educational purposes only and highlights the importance of managing risk in a market known for its volatility. Past performance is no guarantee of future results—trade wisely and always assess your risk tolerance!
👉 Don’t miss this critical breakdown. Learn how to read the charts like a pro and prepare for what’s next in Bitcoin’s journey!📊
Getting closer and closer to the bullflag targetsTwo of the biggest patterns bitcoin has broken upwards from this year are both bull flags and they both have a bullish confluence measured move breakout target of around $99,999. The first one that’s been forming the longest from we actually broke upwards from all the way back n February or March, and here is what it looks like: it was all the way back then I knew we would eventually reach this target and it’s extremely satisfying to click play and watch price action go directly to the target. You can see the price target for that one shown at the chart on the top of this page at the top of the dotted purple line. The other big bull flag of this year we only just recently broke upwards from in October, and it has also had beautiful priceaction unfold perfectly shown here: Clicking play on this chart also is amazing to watch it seemingly go up and hit the exact target with the dotted red line acting as a magnet. That same dotted red line can be seen on the chart image above on this current chart idea. Even though on both of those charts it looks like we have already hit the exact target, when you zoom n on the daily time frame here you can see that we came within a whisker of hitting the $99999 target but still have only gotten just below it. IN the process recently we have been consolidating in a rising wedge (as indicated by the diagonal pink trendline) and a rising channel (the ascending red trendline + the dotted red trendline). The rising wedge also can qualify as a bullish pennant and when you factor in the pink flagpole to where price has broken above the top trendline of the wedge, the measured move target for a breakout of such a pennant is around $116k. Rising wedges default mode is to break down instead of up, but in a parabolic bull phase many of them can consecutively break upwards, I do believe at the very least price action will finally reach both the dotted red and dotted purple targets. However, since that was the full target for two of the most pivotal bullish chart patterns of the year that may actually be a good time for it to make a solid correction. We also have the psychological resistance of 100k where many people would likely take profit at which could add to the liklihood of a correction in that range. Usually once price gets this close to a psychological level it tends to hit it so it would not surprise me at all if we hit 100k before the correction, there’s also a chance we could hit the little pennants 16k breakout target before the correction too but if we correct right after 100k, right after the 115-116k target zone, or just above that at the next big resistance area around 120-130k which is the top green trendline of this series of channels on the log chart: My belief is the correction will go down to fill the gap that was created in the CME bitcoin futures chart shown here: . I think it could likely retest that zone right around the 1day 50ma (in orange) rises up to meet that zone. My goal is to wait for a pullback back around there or back to the neckline (in yellow) of the big cup and handle we broke up from just recently, I will look for those levels as potential zones to make any additional entries into the market. The cup and handle has been by far the absolute biggest chart pattern of the entire year, however the channel of the red bullflag is also the handle of the cup and handle. Will be interesting to see how much of the above plays out how I anticipate it will. *not financial advice*
$BTC Daily Update#BTC CRYPTOCAP:BTC Nicely holding given support area $95,878, resistance at $99,361, more expected resistance areas could be $100,334, $103,093, $107,461, & $112,255. As it climbs to new ATH(s), we shall discover new S/R areas. Previous 4H close showing strength to bulls, so does previous 1D close! On 1D $97,780 holds good support, current sideways movement is a very good sign for more ATH(s) to come!
Bullish momentum to extend for the Bitcoin?The price is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 91,689.26
1st Support: 86,579.45
1st Resistance: 99,638.15
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