Is Bitcoin Poised for a Rally? Technical Analysis and Trade IdeaMany are asking, where will Bitcoin head next? Looking at this four-hour chart, we can see equal lows and a notable dip into sell-side liquidity. My question is whether this is setting up for a pre-Christmas rally or not. I'll be watching for a potential buy opportunity if we see a bullish market structure break. If that doesn't happen, then there won't be a trade. This is not financial advice.
Btctrend
BTC Idea Bitcoin has formed a valid ascending channel and broke the last touch of it with an H4 candle and retested the downside of the channel which let us predict that it will be going down to retest the 70k support
So we will enter a short (sell) position on this pair
Be careful fam and followers this is a long trade with a big stop loss so small trade carefully with a right risk management
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bullish continuationChart Summary:
Key Resistance: $101,107.27
Important Support: $98,115.68
Current Range: Between $98,000 and $100,000
📈 Current Trend:
BTC is attempting to break the resistance at $101,107.27 after a bounce from the support at $98,115.68. This move suggests a possible bullish momentum if it sustains above $100,000.
🛠️Potential Strategy:
Buy: Consider entries in the range of $99,000 - $100,000 with a stop loss below $98,000 to manage risk.
Target: Target the resistance at $101,107.27 and if broken, look towards levels above $102,000.
💡 Notes:
Trading volume and momentum indicators will be crucial to confirm the strength of the move.
Stay tuned for any news or events that may affect BTC volatility.
Bitcoin What to do and where to run to?Bitcoin What to do and where to run to?
Friends, don't forget to click like 🚀 under the idea, it's important.
Divergence in trading is a multidirectional movement of the price chart and indicator. On the chart, the price of an asset moves in one direction, while the technical indicator that follows it moves in the opposite direction.
Divergence warns that the current price trend may weaken and in some cases may lead to a change in price direction.
In this case, we observe a double bearish divergence on the 1D timeframe. This is a powerful correction signal. All traders see it, which will logically lead to fixing positions or opening shorts.
What will happen next?
Two main scenarios now:
1. Sellers are active and as a consequence - local correction and sideways from current values.
2. Sellers are active, but the market maker is pushing prices higher and removing sellers' stops. This will lead to a triple divergence and will further strengthen the sellers. As a result - a powerful correction and trading at the lower levels.
At the moment, both scenarios have equal priority and the decision will be determined by the balance of power in the moment. The scales of the market maker may tip to either side.
Write in the comments, what is your mood? Do you want to sell or strong hold?
$BTC Looks bullish and ready for more ATHs - LONGCRYPTOCAP:BTC Bullish engulfing on prev 4H close, $107,461 given resistance in effect, Key support at $103,093, $104,987 support yet to be tested. Looks great on 1D, more ATHs to come, $107,857 latest ATH closed with a wick at given resistance $107,461 and testing.
Prediction : Next key resistance areas could be $110,423, $112,255-$112,893, $114,674, $116,908, $119,756.
Chasing the btc top!This is MACD (not logarithmic) and I found interesting how it seems we are in the parabolic phase and the macd is crossing bullish on the daily. We might be running next for a movement close the top or the actual top. Take a close look when the macd breaks bellow 0 and the parabola gets invalidated, this might be the started of the next bear market.
BTC Bitcoin: Is the Bullish Breakout Here to Stay?👀👉 Bitcoin (BTC) has been gaining strong momentum, with a confirmed bullish breakout in market structure on the daily and 4-hour charts, reaching new all-time highs. My outlook remains bullish as I monitor a potential retracement into the Fibonacci 61.8% zone for an ideal entry point. In this video, we provide a detailed BTC analysis and explore how to trade Bitcoin effectively, breaking down strategies to capitalize on the current bullish trend. Whether you’re an experienced trader or new to the crypto markets, this guide will refine your trading approach and improve your confidence in navigating Bitcoin's price action. Not financial advice.
$BTC Update - Given resistance areas coming in effect spot on!CRYPTOCAP:BTC #Bitcoin #bitcoin100k
Given resistance at $103,093 came in effect just as expected, gave this resistance area and more first time on Nov 12th (x.com). Beautiful break at $97,780 and support test before climb towards $100K on 4H and 1D Both! Latest ATH at $104,000 at the time of writing this post. More resistance area predictions given in the quote. Watch Given S/R, $99,361 current key support here as CRYPTOCAP:BTC discovers new support and resistance areas.
CRYPTOCAP:XRP NYSE:TEL UPCOM:FTM LSE:ONE CRYPTOCAP:DOGE and Most ALTs looking good!
BTC LONG TP:101000 2HR 02-12-2024Looking to take a long position at 101,000, with entry points between 94,000 and 95,000. A stop loss is recommended at 93,000. This analysis is based on a 2-hour timeframe and will be invalidated in 40 hours if it doesn’t play out. Remember, the entries and stop loss are merely suggestions, so feel free to adjust them to fit your trading strategy. Stay focused! #Bitcoin #Trading
BTC Breakout Confirmed on Weekly Chart! TO THE MOON!As anticipated in my earlier analysis, Bitcoin (BTC) continues its powerful bullish trajectory, and now, the weekly chart has officially confirmed this move! 📈
Key Insights from the Chart:
Breakout Above Long-Term Trendline:
BTC has successfully broken above the long-term resistance trendline, a significant indicator of a continued bullish momentum. This breakout confirms a shift in market sentiment, pushing BTC into a fresh phase of price discovery.
Retest of Trendline:
After the breakout, BTC performed a textbook retest of the trendline on the weekly timeframe, validating the breakout as legitimate. This retest further solidifies the foundation for the next leg up.
Approaching Historic Milestone – $100K!
BTC is now approaching the psychological and historical $100,000 level for the first time ever. Breaking this level will not only mark a new all-time high but will also likely attract significant institutional interest, sparking FOMO (Fear of Missing Out) among retail traders.
What to Expect Next?
Continuation of Bullish Momentum:
The recent breakout and retest suggest that BTC has strong momentum and could surpass the $100K mark in the coming weeks. Based on historical patterns and the current trajectory, we may see even higher levels as BTC enters uncharted price territory.
Upside Targets Beyond $100K:
Once $100K is cleared, Fibonacci extensions and historical fractals suggest potential targets of $110K-$120K in the medium term.
Conclusion:
This confirmed breakout and retest on the weekly timeframe are highly bullish signals. With the $100K level within reach, BTC is poised to make history once again. 🚀
What are your thoughts on BTC’s next move? Will it smash through $100K soon? Share your insights in the comment section!
BTC WHALES - 100K Club - The market is Looking Fishy!!!!!
The BTC 100K Club: Cold Wallet Exchange Whales and Their Hidden Influence
In the ever-evolving world of Bitcoin, much of the focus remains on price action, retail sentiment, and macroeconomic events. However, one often-overlooked yet critical element of market dynamics is the role of cold wallet exchange whales—specifically, the BTC 100K Club. These are four exchange-owned wallets that hold over 100,000 BTC each and have a proven track record of driving accumulation and distribution cycles. While many retail traders ignore their activity, these wallets serve as the silent architects of Bitcoin's major price movements.
The Forced Market Top: Déjà Vu from $70K
The current market is eerily reminiscent of the $70,000 peak, where a massive withdrawal of over 100,000 BTC from cold storage signaled a forced market top. That withdrawal period lasted approximately three months, during which the broader market turned highly bearish. Retail investors sold off their holdings amid fear and uncertainty, while these whales were quietly re-accumulating at lower levels. By the time the U.S. election came around, the whales had successfully regained their positions, and the price surged—obliterating retail bears in a bullish breakout.
The Present Scenario: A Smaller-Scale Replay?
Fast forward to today, and we are seeing a similar but scaled-down version of the $70K playbook. My tracker has identified a -39,914 BTC withdrawal from cold storage wallets, which aligns with the recent market top and signals the start of a correction phase. While retail sentiment continues to lean bullish, history shows that these withdrawals are often precursors to distribution cycles, where whales offload positions at higher prices.
Accumulation: The Calm Before the Storm
Despite the current bearish undertone, the long-term outlook for Bitcoin remains undeniably bullish. Just as the 100K BTC accumulation phase marked the bottom after the $70K top, we are waiting for similar accumulation signals before the next leg up. These accumulation events are not only indicators of whale confidence but also serve as the foundation for massive upward price momentum.
Retail Bears Beware: Lessons from History
One of the biggest mistakes retail traders make during these phases is underestimating the strategic moves of whales. As we saw after the $70K top, while many screamed "sell," whales quietly accumulated Bitcoin, setting the stage for the next bullish rally. The same dynamic could be playing out now. Those ignoring the signals from the BTC 100K Club may find themselves caught on the wrong side of the trade yet again.
My Position and Outlook
I accurately predicted this market top and exited 3quarters of my BTC positions at $99,000, securing substantial gains. For now, I remain bearish in the short term, but I am closely monitoring the BTC 100K Club for signs of accumulation. Once we see significant deposits back into cold wallets, it will likely signal the end of the correction and the start of a new accumulation phase.
In the long term, there is no doubt that Bitcoin will break through the $100K psychological barrier. This is not just speculative optimism—it’s a conclusion drawn from years of observing whale behavior and market cycles. Retail investors would do well to track these cold wallet movements closely, as they provide a clearer picture of the market’s true direction than any sentiment-driven analysis.
Conclusion: A Time to Observe and Learn
The BTC 100K Club wallets represent some of the most powerful forces in the Bitcoin market. Their activity signals the onset of major market tops and bottoms, often weeks before price action reflects these shifts. As we wait for the next accumulation phase, retail investors should focus on learning from these cycles and preparing for the inevitable breakout that will likely take Bitcoin into new all-time highs.
Whether you’re bearish or bullish today, one thing is certain: Bitcoin's journey past $100K is only a matter of time. The question is, will you be ready?
BTC's Accumulation Phase: Identifying Cycles and Support ZonesH ello,
BTC has been in accumulation since spring this year. The white dotted lines show the accumulation curves. There are multiple cycles, each with a pump and a dump arm. The cycles might be different in size, but they share the green bottom support zone where large investors prefer to buy.
Bitcoin has a bullish cross signal from the MACD indicator at the bottom. However, the current price is far above EMA 20/50/100/200. Thus, a dip might manifest to correct the price per the EMAs. There's a high probability that players will buy the dip, though and the bull run can continue.
I wouldn't buy now because of the potential dip and because the price's at the falling trendline resistance. I aim for long positions, but I'd wait for a correction first and closely monitor how the price reacts around the falling resistance.
Regards,
Ely
Bitcoin's $92K Correction: A Deep Dive into the Real CulpritBitcoin, the world's largest cryptocurrency, has recently undergone a significant price correction, dipping below the crucial $92,000 level. While many analysts initially pointed fingers at the influx of Bitcoin Exchange-Traded Funds (ETFs) as the primary catalyst for this downturn, on-chain data paints a different picture.
The Myth of ETF-Induced Selling Pressure
The narrative that ETF inflows have been the primary driver of Bitcoin's recent price decline has gained traction in certain circles. However, a closer examination of on-chain data reveals a different story.
• Long-Term Hodlers Remain Resilient: Despite the market downturn, long-term Bitcoin holders, often referred to as "whales," have shown remarkable resilience. These individuals, who have held their Bitcoin for extended periods, have not been significant sellers during the recent correction.
• Short-Term Holders Under Pressure: In contrast to long-term holders, short-term holders have been more inclined to sell their Bitcoin, particularly during periods of market volatility. This suggests that the recent price decline may be more attributable to profit-taking by short-term investors rather than a broader market sell-off.
A Normal Correction, Not a Bear Market
It's important to recognize that the current price correction is a natural part of the cryptocurrency market cycle. Bitcoin has experienced similar corrections in the past, often followed by periods of consolidation and subsequent upward momentum.
• Technical Analysis Suggests a Healthy Correction: A closer look at Bitcoin's technical indicators reveals a healthy correction. The Relative Strength Index (RSI) has dipped below the overbought level, indicating that the recent price surge may have been overextended. Additionally, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, suggesting a potential bearish trend in the short term.
• Support Levels to Watch: Traders and investors should keep an eye on key support levels, such as the 100-day moving average on the 4-hour chart. If Bitcoin can hold above this level, it could signal a potential reversal of the current downtrend.
The Future of Bitcoin: A Long-Term Bullish Outlook
Despite the recent price correction, the long-term outlook for Bitcoin remains bullish. Several factors continue to drive the adoption and value of Bitcoin:
• Institutional Adoption: Major financial institutions and corporations are increasingly recognizing the potential of Bitcoin as a valuable asset class. This institutional adoption is likely to fuel further price appreciation in the long run.
• Deflationary Supply: Bitcoin's fixed supply of 21 million coins ensures that its value will appreciate over time as demand increases.
• Global Economic Uncertainty: As global economies grapple with inflation and geopolitical tensions, Bitcoin's appeal as a hedge against inflation and a store of value is likely to grow.
In conclusion, while the recent price correction may have caused some short-term volatility, it is important to maintain a long-term perspective. Bitcoin's underlying fundamentals remain strong, and the cryptocurrency is well-positioned to continue its upward trajectory in the years to come.
Disclaimer: This article is for informational purposes only and should not be construed as financial1 advice. It is important to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.2
Is Bitcoin (BTC) Setting Up for a Pullback and An Opportunity?👀 👉 Bitcoin (BTC) has recently dipped from a key liquidity area and is now revisiting previous highs. This movement has traders watching closely for what could come next. I'm eyeing a possible buying setup, but only if it retraces to a balanced price level and confirms with a bullish structural shift. 🛠️ Disclaimer: This video is for educational purposes only and does not serve as financial advice. Always do your own due diligence and trade responsibly. 📢