Update for btc possible corrections Look out for potential c wave as it sits right now we are near wave 4 as long as we don't cross wave 2
There still can be a dip to 82k
BTCUSD.P trade ideas
BTC It Could Get WorseOn smaller timeframes, BTC is forming a pennant pattern. Judging from the strong selling pressure like this, it seems BTC will likely continue to decline, aiming for its strongest support at 91,000.
BITCOIN BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
BITCOIN uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 92,876 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the BITCOIN pair.
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BTC Buy on the 1hour timeframeWe're at the entry of the 1 hour buy signal looking to take TP1 , TP2, TP 3, or even all time highs of TP4 at $111, 000.
Xmas Rally continues?
btcusdshowing pattern has been broken and retested for sell , also we have divergence meaning reversal
ATCryptoScan: BTCUSD upside target in mid-Dec, what's next?Previously marked that BTCUSD would make a Mid-Dec 2024 top, at about 107K.
Happened 17 Dec as previously marked!
DONE and checked sweetly.
This was folllowed by an a large bearish marubozu candlestick downwards which broke back into the decision box, indicating that it would go out the other side. And it did, just yesterday, but it rebounded within the day to end off back in the box with a dragonfly doj i like candlestick... this is a bullish indication.
Thing is, technicals are bearish, including the modified VolDiv (dotted line, lower panel) which shows some weakening; and includes a MACD crossdown.
Waiting to see if the supports are going to break.
Am expecting it to break down... Previously downside target 75,000
But tendency for over estimates for downside in a bull run, so the new moderated downside target is 88,000 at the end of 2024.
BTCUSD is looking for a nice bullishs start to 2025...
Watch for it.
#BTC/USDT Eyeing on a NEW ATH OR Is it JUST A TRAP?Bitcoin had a beautiful daily close, but it’s still trading below the dynamic support trendline. A sharp bounce off the 50 EMA resulted in a strong hammer candle, a promising sign for the bulls.
Was this a trap?
Are we on a path to a new all-time high while many players have already been shaken out and liquidated?
The next few daily candle closes will give us the answers.
Stay tuned.
#Crypto
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Thank you
#PEACE
BTCUSD BUY ANALYSIS Hello Traders and investor 👋 what do you think about Btcusd comment your opinion
Current price " 96,000
Btcusd is working above it's support zone
And from this position retracement is possible. i think it's an ideal position for bulls to enter. Currently market's target is to cross the 100000 range then it's target
Will be 1020000 today,
Key points;
Resistance area: 98600, 101000
Demand zone: 100000, 104,0000
Note:
First target: 100,000
Second target:104,000
Kindly support and comment.and follow thanks, 👍
A Deja Vu Moment? 31% Correction to Previous ATH $73KThere’s something about the charts that’s been bugging me lately—definitely leaning toward a bearish bias.
As much as I want to be bullish and for Alt Season to kick off, my focus on Bitcoin is mainly to gauge the pulse of the Altcoin market. But there’s something on the weekly charts that’s hard to ignore.
The Stochastic RSI has turned bearish, signaling a downward bias for Bitcoin’s immediate direction. This could play out as an overall correction that might take another week to play out.
Adding to this, back in November, Bitcoin’s price rejected off the 0.618 Fibonacci level on Bitcoin Dominance. This level marked the peak for Bitcoin dominance in the 2021 bull run. At that time, the stochastic RSI was overbought with a bearish crossover and dominance rejected off the 0.618 Fib level, leading to a 31% correction over two weeks before the market quickly rebounded.
Fast forward to today, we’re at a very similar juncture. Stochastic RSI is overbought and we have rejected off bitcoin dominances 0.618 fib level - Will we see a 31% Correction?
Well! If we were to see a 31% correction from the previous ATH, it aligns almost perfectly with the 0.618 Fib level—hard not to see this as more than just a coincidence.
On top of that, I suspect we’re currently in a Wave 4 correction. However, a pullback to the 0.236 Fib level feels almost too straightforward to me—perhaps too easy.
What do you think? Would love to hear your thoughts!
Bitcoin: Pulling back to catapult forwardBitcoin isn’t done. We’re starting some pullback action. Possibly to gain some momentum for the propel forward. Don’t let this lil shit shake you out. Stand still, stand firm.
The Impending US Government Shutdown.The Impending US Government Shutdown: What Traders Should Know
As the US government teeters on the edge of a shutdown, traders are bracing for potential market volatility. The failure of a spending bill in the House of Representatives has heightened concerns, with President-elect Donald Trump and tech billionaire Elon Musk playing pivotal roles in the bill's rejection.
Potential Market Impact
Stock Market Volatility: The uncertainty surrounding the shutdown could lead to increased market volatility. Investors may react to the political instability by selling off stocks, causing sharp declines in major indices like the S&P 500 and Dow Jones Industrial Average.
Currency Fluctuations: The US dollar may weaken as investors seek safer assets, leading to fluctuations in currency markets. This could impact forex traders who need to stay vigilant and adjust their strategies accordingly.
Commodity Prices: Commodities like gold often see a rise in value during times of political uncertainty. Traders should monitor these markets closely as they may present opportunities for gains.
Interest Rates: The Federal Reserve's response to the shutdown could influence interest rates. If the shutdown leads to economic disruptions, the Fed may reconsider its stance on rate hikes, affecting bond markets.
Strategies for Traders
Stay Informed: Keep a close eye on news updates and government announcements. Being aware of the latest developments can help traders make informed decisions.
Diversify: Diversifying your portfolio can help mitigate risks associated with market volatility. Consider spreading your investments across different asset classes.
Hedge Your Bets: Use hedging strategies to protect your investments. Options and futures contracts can be useful tools for managing risk during uncertain times.
Be Patient: Market reactions to political events can be unpredictable. It's important to stay calm and avoid making impulsive decisions based on short-term market movements.
Conclusion
While the potential government shutdown poses challenges, it also presents opportunities for traders who are prepared. By staying informed, diversifying portfolios, and using hedging strategies, traders can navigate the uncertain waters and potentially capitalize on market movements..
Bitcoin - Broader Structure and The $32K Breakdown TargetLast time, I posted an idea about Bitcoin's shorter term structure. I was scaling into a short position, and ultimately decided to close when I noticed strong support continuing to hold. This ended up being a good move, since price pushed higher towards $108k. There's a lot of resistance here in the low $100K range. While a notable milestone, it's a hefty price. More and more, Bitcoin is being seen as a tool for exploitation and wealth concentration for the wealthy, rather than something for the masses. Although good for price, this is not in keeping with the original intention behind the technology, or so we are led to believe.
I tend to generally post short ideas now because I do not support buying Bitcoin, which serves only to enrichen a select few, and no longer benefits the little guy. Sure, it could benefit ME in the future, but that feeds further into greed and selfishness, which are the human flaws at the root of many market inequities, fallacies, and injustices. For more on why I changed my perspective on crypto, there are tons of ideas I've posted over the years to pull from. It essentially boils down to this: When I was young and naive, I believed crypto could be an escape from the established financial system. In many ways it is, if you like gambling on memes and adrenaline coursing through your veins. But on a broader level, it's been co-opted by the same forces that control our traditional markets, institutions, and to an extent, our wellbeing. More and more, crypto seems to fit into a neo-feudalist dystopia, rather than a free-flowing renaissance utopia.
Earlier this year, I closed my original short positions when it seemed likely for Bitcoin to surpass its previous all time high. Now that price has hit a major milestone, altcoins have gone up 500-1000%, and gloating is abounds, it's time for me to re-enter my short. Now, I'm not looking to profit massively from this. It's a small position. But, I am of the belief that there is a non-negligible probability that Bitcoin will enter a longer term bearish trend. Whether it's now or at $160k, who knows?
If this trendline can break decisively (it's held very well so far, even when price drops below), the next stop seems to be around $89k.
From there, a bounce would be bullish. My green arrow shows the possibility of rally resumption if that level holds as strong support. On the bearish side, the previous all-time high is the next major level, followed by $32k if the entire support structure falls apart.
Markets are starting to wake up and understand that inflation isn't going away quickly, and monetary policy won't be as easy as it was. A lot of fluff needs to get weeded out. Unfortunately, crypto doesn't have much SUBSTANCE to it (meaning goods, resources, and services) attached to it.
As always this is meant for speculation and entertainment only! Thanks for reading.
-Victor Cobra
Market Correction: Key Support Levels and Strategic OpportunitieThe market has experienced a decline over the past few days, leading to the liquidation of leveraged long positions and the introduction of new liquidity.
This may represent a healthy correction within the context of the broader market trend, which remains firmly upward.
As such, the optimal strategy continues to be to buy on dips.
Key levels to monitor include the strong support area around 84,500, with additional support at the 73,000 level.
While these support levels may not be reached, it is wise to stay alert for potential buying opportunities if the market approaches them.
Take care!
Elliott Wave View: Bitcoin (BTCUSD) Has Reached Inflection AreaShort Term Elliott Wave View in Bitcoin (BTCUSD) suggests rally from 6 September 2024 low is in progress as a 5 waves impulse. Up from 6 September, wave 1 ended at 66508 and dips in wave 2 ended at 58867. The crypto-currency has extended higher in wave 3 towards 103647 as the 1 hour chart below. Pullback in wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 97917 and wave ((b)) ended at 99577. Wave ((c)) lower ended at 92310 which completed wave 4 in higher degree.
Bitcoin has resumed higher in wave 5. Up from wave 4, wave ((i)) ended at 101251 and wave ((ii)) pullback ended at 94249 as a zigzag structure. Down from wave ((i)), wave (a) ended at 98752 and wave (b) ended at 101407. Wave (c) lower ended at 94249 which completed wave ((ii)) in higher degree. The crypto-currency has extended higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 102582 and pullback in wave (ii) ended at 99250. Wave (iii) higher ended at 107821. Pullback in wave (iv) is in progress as an expanded flat before it turns higher again. Near term, as far as pivot at 92310 low stays intact, expect dips to find support in 3, 7, or 11 swing and the crypto-currency to extend higher.
BTC 2023 FractalBTC is following the fall breakout to spring peak fractal. Similar to the previous cycle (and 2023), I think we see a local top in the spring, a summer lull, then a blowoff top late summer to early fall. I think 200k plus is definitely on the table.
BTC Target HnS and RbSAfter a significant decline, BTC has the potential to rebound. Once the Head and Shoulders (HnS) target is reached — with the full length of the Head already achieved — there is potential for a Reversal by Support (RbS) in this area, as previous price corrections occurred multiple times at this level.
BTC\USD Ascending Broadening Wedge FALL ALERTIn this idea we have a ascending broadening wedge On Bitcoin that really matches the behavior we have witnessed recently. I did my best to project the targets we should see as we break out to the downside assuming that is how this moves. Maybe it will maybe it won't. Only time will tell. Good luck to everyone and much love- ND
Ps-If you look at the formation in smaller frames where we are now you will see the exact formation that is towards the end of the example.
BITCOIN Will Go Lower From Resistance! Short!
Take a look at our analysis for BITCOIN.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 95,186.
The above observations make me that the market will inevitably achieve 90,936 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
Bitcoin (BTC/USD) Analysis – December 21, 2024Bitcoin (BTC/USD) Analysis – December 21, 2024
Overview:
Let’s focus on Bitcoin (BTC/USD). Over the past few weeks, Bitcoin has been pumping steadily, but it now appears to be losing momentum. The market structure has created an imbalance, suggesting a potential decline in the coming weeks.
Trade Idea:
Potential Buy Zone: The price could fall to the marked zone around $73,000.
Entry Timing: Avoid entering immediately when the price reaches this level. Instead, wait for a clear reaction—such as bullish confirmation or upward momentum—before considering a buying opportunity.
Key Considerations:
This setup is similar to the structure seen in the German Index (DE40), which showed comparable behavior before a significant drop. The resemblance in patterns could signal a similar outcome for Bitcoin.
Monitor price action closely in the coming weeks for signs of reversal once the price reaches the anticipated zone.
Risk Management:
Do Not Rush: This is not financial advice. Always wait for clear entry signals before making any decisions.
Stay Disciplined: Protecting your capital is more important than making profits. Use proper stop-loss levels to safeguard your trades.
Trading Requires Patience: A reactive approach is key. Trading is about responding to what the market shows you, not forcing predictions.
Final Note:
Making no money is always better than losing money. Watch Bitcoin closely in the coming weeks, and stay disciplined in your analysis. Let’s see how the market unfolds. See you in the next update!
Oke, You "MDF" Bitcion max. to the $105.000,- dollar!!!!!!!Oke, You "MDF" Bitcion max. to the $105.000,- dollar!!!!!!!,
#btc #elliottwave long buy setup wave 5 of 3 23Dec24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
BITCOIN end of correctionThe chart depicts the BTC/USD price action on a 1-hour timeframe. Here’s a detailed analysis:
### Key Levels:
1. **Resistance Levels:**
- **Pink Zone (101,880 - 102,602):** A strong resistance area where price failed to break higher multiple times. This zone shows selling pressure and marks a critical area for a potential breakout or reversal.
- **108,267:** A major resistance level further up, yet to be tested.
2. **Support Levels:**
- **Blue Zone (92,628 - 94,496):** A significant support area, as price has bounced from this zone multiple times. It represents strong buyer interest.
- **90,690:** A lower support level, indicating the next target if the price breaks below the blue zone.
3. **Intermediate Levels:**
- **99,011 - 99,316 (Green Zone):** Previously acted as support and resistance, indicating a pivotal level.
- **100,698 (Orange Line):** A key psychological level, aligned with the round number of $100,000.
---
### Chart Patterns and Trendlines:
- **Downward Channel:** The red descending trendline highlights the current bearish momentum, with lower highs and lower lows.
- **Potential W Reversal Pattern:** The double bottom formation near the blue support zone suggests a possible bullish reversal. If confirmed, the price could break above the descending trendline and target higher resistance zones.
---
### Price Action Insights:
1. **Current Movement:** The price is trading around $95,433, slightly above the blue support zone. This suggests consolidation after a recent bearish trend.
2. **Key Rejections and Bounces:**
- Multiple rejections in the pink zone indicate strong resistance.
- Clear bounces from the blue support zone emphasize its importance.
---
### Potential Scenarios:
1. **Bullish Scenario:**
- If the price breaks above the descending red trendline and sustains above the green zone ($99,011 - $99,316), the next target would be the orange line ($100,698) and eventually the pink resistance zone.
- A breakout above the pink zone could trigger a strong rally toward $108,267.
2. **Bearish Scenario:**
- If the price fails to hold above the blue support zone, the next target is $92,628. Further downside could lead to a retest of $90,690.
---
### Summary:
- The chart reflects a consolidation phase after a bearish trend.
- Bulls need to reclaim $99,316 and break the red descending trendline to shift momentum.
- Bears will aim to break below $94,496 for further downside.
This analysis suggests close monitoring of the $94,496 and $99,316 levels to anticipate the next directional move.
