Gold and Bitcoin: Dual Insights for Investment OpportunitiesWith the instability in international affairs, gold has reacted first, successfully breaking through the $2700 mark. Meanwhile, BTCUSD remains stuck in a low-range consolidation, despite conditions that should have led to a breakout long ago.
From the weekly candlestick chart, it's evident that this week, the BTCUSD price has completely broken through the MA30 resistance. Historical data shows that after significant upward movements, prices often experience a pullback before rising again. So, will history repeat itself this time?
I believe the probability is very high. Therefore, if you have funds available but are unsure where to invest, consider converting your money into Bitcoin and waiting for its gradual appreciation, or directly invest in BTCUSD with a long-term strategy. I think this time, the price could reach 78K .
Btcusdtlong
BTCUSDST. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
History is repeating itself!We accurately predicted the Bitcoin bottom when it was trading at $16,700, and now the price moved as we predicted.🚀
Below Idea posted on Jan 2, 2023
In the last two Bitcoin cycles, we experienced 365 days of bear markets followed by a 1064-day bull run from the bottom. Currently, we have completed 690 days of a bull run, suggesting we have almost one year left in this upward trend. Historically, Bitcoin has moved aggressively after each halving, reaching all-time highs (ATH). We anticipate a strong bullish move after October, and if history repeats itself, we could see a bull run extending until October 2025. BITSTAMP:BTCUSD BINANCE:BTCUSDT
Regards
Hexa
btcusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Bitcoin (BTCUSDT) Ready to Explode? Massive Gains on the HorizonThe current BTCUSDT setup shows a bullish momentum on the Risological Swing Trader following the entry point at 61,732.3 on 11th October. The price has moved steadily upward, reaching the first take profit (TP1) level at 63,482.7, which confirms the continuation of the upward trend.
Key Support and Resistance Levels
Entry Level: The trade entered at 61,732.3, representing a critical support level where buyers stepped in to drive the price higher. This region coincides with a prior consolidation, giving confidence to the bullish breakout.
Stop-Loss (SL): Positioned at 60,316.2, this acts as a strong downside protection level, slightly below the consolidation zone to avoid premature exit.
Trailing Stop: The trailing stop is now placed at 62,038, and will continue moving upwards as price action progresses. This method locks in profits while allowing for additional upside potential as BTC moves towards higher targets.
Trend Analysis
The price is above the Risological dotted moving average support line, confirming a healthy uptrend. BTC has made consecutive higher highs and higher lows, indicating strong bullish momentum.
The current breakout from the 61,732 entry zone hints at further upside potential. As BTC moves toward TP2 at 66,315.0, we can anticipate continued bullish behavior if broader market conditions remain favorable.
Targets and Profit Zones
The immediate target was TP1 at 63,482.7, which has been hit or surpassed, giving confidence to the bullish scenario.
Next, TP2 at 66,315.0 serves as the next resistance level where some profit-taking might occur, followed by TP3 at 69,147.4 and the ultimate TP4 target at 70,897.7.
Risk Management
The trailing stop set at 62,038 ensures that even in the case of a pullback, the trade will lock in gains. This dynamic risk management allows the trader to maximize profit while minimizing potential losses.
With BTC showing strong momentum, moving the stop closer to the price is a sound strategy to protect profits.
Conclusion
Overall, Bitcoin continues to show strong bullish signs as it heads toward the next resistance levels. The key will be monitoring the price action near TP2 and adjusting the trailing stop as needed. If momentum remains intact, we could see BTC testing the higher targets of 69,147.4 and 70,897.7
Bitcoin Bear Trap: A Historical Pattern Suggests a Rally Ahead!BTCUSDT technical analysis update.
The Puell Multiple is a metric that compares the daily issuance of Bitcoin (in USD) to the 365-day moving average of that same issuance. When the Puell Multiple is low, it often indicates that Bitcoin is undervalued, signaling a potential accumulation phase or a bear trap. Conversely, a high Puell Multiple suggests overvaluation, often preceding market corrections.
Currently, the Puell Multiple shows that Bitcoin is trading at levels consistent with previous bear traps in its market history. This pattern has appeared in the last three cycles of Bitcoin, where price action initially suggested bearish momentum before reversing sharply into a bullish trend.
In the previous cycles, the Puell Multiple signaled bear traps, allowing traders to identify key accumulation points. Following these signals, Bitcoin experienced significant bullish rallies, highlighting the indicator's reliability. With the current Puell Multiple levels indicating a bear trap, we could be on the brink of a bullish rally in the coming days.
Regards
Hexa
$BTC DAILY ANALYSISDaily Swing is Bullish , Daily Internal Bearish
After Bullish BOS ( Break Of Structure ), we are having corrective pullback to the downside and price already has mitigated weekly demand range in August. Although a deeper mitigation to the level of $44.000 is very likely imo, we are currently bullish in recent minimal structure so if price keeps pushing and we get a daily candle closure above $64.450, I personally don't think the supply zone between 64.800-66.400 will cause a strong bearish momentum. And I will be following the price in LTF to catch any short positions in this recent daily supply zone, but longs are more probable as I don't think this supply will hold for long.
The main Supply range, 67.000 - 70.000, is where I will be looking for confirmation short setups until I see daily internal structure switch to bullish.
When Will Bitcoin Hit Its Next Peak?The BTC weekly chart with the Pi Cycle Indicator has historically been a reliable tool in predicting major Bitcoin market cycle highs and lows. As shown in the chart, this indicator successfully marked the peak of Bitcoin bull runs and bottom of bear markets during the last three major market cycles.
The green markers on the chart labeled "Pi Cycle High" correspond to moments where Bitcoin reached its cycle top. These highs occurred during 2013, 2017, and 2021, right at the peak of major bull markets, suggesting the effectiveness of the Pi Cycle indicator in identifying sell zones.
The blue markers labeled "Pi Cycle Low" signal the exact periods when Bitcoin hit its bear market bottom, seen in 2015, 2019, and potentially in 2022. These points provided strong buy opportunities before the market entered a new bull phase.
Bitcoin currently trading above $62,000, the Pi Cycle Indicator has not yet signaled a new cycle high. This suggests that Bitcoin could still have further upside potential before reaching its next peak. If the historical pattern holds, we might expect Bitcoin to continue rising over the next year before the Pi Cycle High indicator signals the next top, potentially in mid to late 2025.
Keep a close eye on the Pi Cycle indicator, as it could once again provide crucial signals for a peak in this cycle.
Regards
Hexa
BTC Price Set for Potential Bounce at Lower Bollinger BandBTCUSDT Technical analysis update
Whenever the price touches the lower Bollinger Band, it has historically bounced back. Currently, the price is approaching the lower Bollinger Band at the 59K-60K level (indicated by the yellow circle), suggesting a potential bounce from that area. If historical patterns hold, we can anticipate a short-term bullish reversal, with the price aiming for the upper Bollinger Band in the upcoming sessions.
Regards
hexa
Bitcoin Weekly MACD Cross: Bullish Momentum BuildingBTCUSDT technical analysis update.
In the weekly Bitcoin chart above, we can see that the price has been consolidating after a strong bullish rally. The key point to note here is the potential MACD crossover, which could signify a shift in momentum.
The blue MACD line is approaching the red signal line from below, indicating that a bullish crossover might be imminent. This could suggest that the bearish phase is weakening and that Bitcoin is preparing for an upward move.
The histogram has been decreasing in negative territory, which typically points to diminishing bearish momentum. A shift to positive values could confirm a trend reversal.
The price is currently trading near key resistance levels, and if the MACD crossover happens, we could expect Bitcoin to break through these resistance zones, possibly leading to a significant upward move.
Wee should closely monitor the MACD for confirmation of the crossover on the weekly chart, as this signal has historically been a strong indicator for trend reversals in Bitcoin. If the crossover happens, it could lead to a sustained bullish move.
Regards
Hexa
BITCOIN'S newest Bullish SignalI like to scroll through the higher timeframes periodically to look for patterns that simply won't 'jump out at you ' on the intraday.
Bitcoin weekly chart, I see where the MACD line is currently making a Cross X up and through the Signal-line, that is a very bullish cross if it's sustained by further crossing and it's further confirmation of an imminent breakout.
* Educational purposes and the latest Bitcoin alerts. But not for financial advice on timing of Long and Short positions for Bitcoin.
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Best buy zone for Bitcoin's breakout / up to 12 months rally!
You might've noticed Bitcoin is back on the brakes lately, a few green false starts here and there that turn out to be bull-traps for short term traders.
But what if you want to accumulate Bitcoin BTCUSD over the coming weeks to really dig-deep in its price so that you are setup nice for its rally.
Well some expert Bitcoin commentators are saying that it's price may have to wind back to 55,000 for the serious bull-bitcoin-buyers to return to setup and stage the rally. By the way, 55,000 price also coincides with the median daily buy order block you will see in my chart diagram.
But the reality is that BTCUSD may not get that low again at the 55,000 level, now the Golden-zone Fib level from a Daily chart is about 57500 to 59500.
Currently the Bitcoin price has bounced off the 200EMA to hold it up for now, but I think Bitcoin will wind back some more over the coming days into one of these bigger buy demand zones and it will happen very fast when Bitcoin will soldier on up to the 73,802 neckline which represents the breakout point of a 5 year massive cup and handle formation.
Below is the big-picture Weekly, including the massive Cup & handle pattern.
Q4 2024 $BTC WILL BE THE START OF MEGA BULL!#Bitcoin we can see that the mega bull started after the 8th candle (731 days) opened from the bottom in the 3M time frame.
📌731 days between January2015 and January2017
📌731 days between October2018 and October2020
📌731 days between October2022 and October2024
The real shakeout for Bitcoin still hasn't happened yet."If the final shakeout occurs, it will destroy altcoins.
Warning: don’t try to catch the bottom.
First, assess the market trend before making decisions.
Market makers will likely plan to mislead traders and pump the market. Protect yourself from getting hurt."
The real shakeout for Bitcoin still hasn't happened yet."If the final shakeout occurs, it will destroy altcoins.
Warning: don’t try to catch the bottom.
First, assess the market trend before making decisions.
Market makers will likely plan to mislead traders and pump the market. Protect yourself from getting hurt."