BTC hit target OPBTC hit target OP in monthly chart @107,587 Daily chart look like Three Driving pattern if the price below 103,647 Shortby Kongkiat2
Urgent btc crash/ correction incoming BTC is oversold I believe that we are going to test support at 103,000,then have a ABC correction in the short term. I am still bullish in the long term. Shortby MrbigmanUpdated 441
$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. Longby limitlessnash1
Divergence - SHORT I am not perfect on explaining what is happening, but I am good in drawing my expectation. in this expectation, I think there is a signal for Divergence from the tops which indicate price will revert to hard down, so keep in mind, Selling short period is about to happen. and put in your mind, that the price sooner or later will come back to the main trend link ( the below white line) so, BTC will go back again to the $60,000 again, and maybe less, you need to know the game, they drop the price with one click by selling a huge amount of BTC on their network, that's how they control the market, by selling and buying their exist BTC, they will never lose, this Satoshi Nakamato organization are like the CASINO, the house always wins. ;) Shortby khaledabdrabo3311
Are we in for a 27% Correction?Recognition of Previous Mistake (Rising Wedge vs. Ascending Channel) Recent price action has revealed a shift in the structure. In my previous technical analysis I identified as a rising wedge. Upon breaking out of the rising wedge and further review, it now appears that Bitcoin is trading within an ascending channel. This structural adjustment suggests that while the market remains in a bullish trajectory overall, there are signs of weakening momentum, warranting a bearish outlook in the near future. **Read In full to get historical validations to validate my theory** Key Factors Supporting a Bearish Bias Bearish Divergence on Weekly Time Frame On the higher time frame, bearish divergence is evident, as price continues to make higher highs while key momentum indicators, such as the RSI, make lower highs. This divergence suggests that the current uptrend is losing strength, increasing the likelihood of a reversal. Bearish Divergence on Daily Time Frame A similar pattern is observed on the daily time frame, providing further evidence of weakening momentum. Combining divergences on both time frames strengthens the bearish case, as it highlights misalignment between price action and underlying market strength. Loss of Momentum Within an Ascending Channel Price is currently constrained within an ascending channel. While this structure supports the continuation of the uptrend in the short term, it often signals a gradual loss of momentum, especially when combined with other bearish signals. Breakout scenarios typically favor the downside in such cases, aligning with the broader bearish outlook. Stochastic RSI Analysis Weekly Time Frame: The stochastic RSI is in the overbought region, and a bearish crossover (K-line crossing below the D-line) has occurred. This signal further strengthens the probability of a reversal or significant correction from current levels. Overbought conditions on higher time frames are particularly significant as they indicate market exhaustion. Daily Time Frame: The stochastic RSI has not yet reached overbought levels, suggesting that the price has some room to move higher in the short term before a bearish reversal materializes. This indicates that patience is warranted before entering a short trade. Historical Validation Historical analysis of similar scenarios (March and July) reinforces the reliability of the current bearish setup: In both instances, price was constrained within an ascending channel. Bearish divergences were present on both weekly and daily time frames. The stochastic RSI aligned with bearish crossovers on the weekly and daily charts, signaling strong entry points for downside trades. Current Market Outlook Based on the above analysis, the bearish bias is supported by the following: Loss of momentum within the ascending channel. Bearish divergence on both weekly and daily time frames. Overbought stochastic RSI on the weekly chart, with a pending overbought signal on the daily. While the bearish setup appears robust, caution is advised as the daily stochastic RSI suggests that Bitcoin could see additional upside in the short term before the anticipated correction takes place. My Trading Plan Wait for Confirmation: Monitor the daily stochastic RSI and wait for it to reach the overbought region, followed by a bearish crossover (K-line crossing below the D-line). This will serve as an ideal signal to enter a short trade. Key Levels to Watch: Channel Resistance: Watch for price rejection near the upper boundary of the ascending channel, which would reinforce bearish momentum. Channel Support: A confirmed breakdown below the lower boundary of the ascending channel would act as a trigger for a bearish continuation. Shortby heywippa2
Could btc be forming a top? Bitcoin's Potential Top: A Closer Look at the Rising Wedge Bitcoin's recent price action has formed a technical pattern known as a "rising wedge." This pattern can signal either a continuation of the current trend or a potential reversal. If Bitcoin breaks below the lower trendline of the wedge, it could indicate a significant price decline. However, if it breaks above the upper trendline, it could signal a continuation of the uptrend. To make informed decisions, consider the following: Volume: Decreasing volume within the wedge can suggest a loss of momentum. Market Sentiment: Bearish sentiment can contribute to a downward price movement. Fundamental Factors: Regulatory developments and institutional adoption can influence the price. Remember: Technical analysis is not perfect. It's essential to use it in conjunction with fundamental analysis and risk management strategies.by ParabolicPUpdated 6
BITCOIN RSI The chart of bitcoin Is giving a Clear WARNING signal . Best of Trades WAVETIMER BTW I AM LONG PUTS IN BITI as of today at 60.8by wavetimer2
Key Levels Overview for the Week 12.2024(16-20)* updated🔲Key Levels Overview for the Week🔳 12.2024(16-20) updated I tried not to miss a line! Dynamic Supports🔀 105313 103542 100500 98300 97300 Dynamic Resistance🔀 105313 106363 112400 115700 119300 Mid Pivot (🫎bull&bear🐻 zone ch trend) 123292 111511 99737 range of supply and demand 115243 107672 100100 #BitCoinby spacecraft1
A clean structure inside a 1 Hour Structure As we know, BTCUSD has been bullish for a while now. And market recently bounced-off from a 3H TF structural zone signifying a strong bullish trend. But what most people don't see is that price created a 1hr structure and price is currently trading within that same structure so I want price to retrace to the structure inside 1hr structure (x) before I will go bullish again.Longby immy9ice110
Buy #BTCUSD 101300 - 100900💎 Buy #BTCUSD 101300 - 100900 💎 Stoploss 100100 Breakeven 101350 TakeProfit 1: 101500 TakeProfit 2: 101700 TakeProfit 3: 101900 TakeProfit 4: 102100 TakeProfit 5: 102300 TakeProfit 10: 103300 TakeProfit 20: 105300 TakeProfit 30: 107300 Trade at your own risk Protect your capital The Wizard 🧙♂️ Saturday 12/14/2024 03:00 PM ESTLongby SmartWizardFXUpdated 114
BTCUSDTo me, it looks like a complete Ascending Triangle, What are your thoughts on this let me know in the comment below Longby AttiqeUpdated 5
GKC Bitcoin prediction December 2024 An opportunity to swing trade? Technical Analysis: ---------------------------------------------- Prediction Summary: Any price over 91K is what I personally consider a safe buying zone and anything below 100K a safe profit this week. Bitcoin might stay between 91K and 100K in the coming days or weeks. Long term remains bullish. The white Fibonacci Retracement shows the most likely price support ( colored lines) with the thickness being in relation to a descending order of probability. In the unlikely event of a drop below 91K, I do not plan to cut my losses and sell. I hodl. ---------------------------------------------- Fundamental Analysis: ---------------------------------------------- >The dip was likely caused by quantum tech FUD >El Salvador and Argentina Regulators Sign Agreement to Help Develop Crypto Industry >MicroStrategy Purchases 21,550 Bitcoin for $2.1 Billion USD >$3.85B USD flowed into crypto investment products Tools used: Fibonacci Retracement Projected Forecast Ghost Feed This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions. sources: coinmarketcap.com www.coindesk.com coinmarketcap.com coinmarketcap.com ---------------------------------------------- Thanks for reading! Longby GoldArtiUpdated 4
$BTC to reclaim 100k?Checked the charts. Love this type of structure. Expecting a quick reclaim of levels for CRYPTOCAP:BTC thanks to shorts getting stopped out/liquidated.Longby forclout0
Weekly break out based target, ABCD pattern for BTCWeekly break out based target, ABCD pattern for BTC.by mamamiya70
BTCUSD short scenarioHead and sholders with target 80.000 usd. The price can touch 70.000 - suport line. Shortby MladenJelic4
Btc longsLooking for potential BTC longs here at 94k Tp 99,873 Support 93,482 92,961 91,310 Sl 90,616 Longby Creativ3mindz3
BTC Target Price & Supports after 12/30/2024 structure break.BTC has broken its current market structure and is now seeking new support. I’ve identified three key support zones and a potential target price to monitor for the future. I plan to execute three trades, each with a 2% risk allocation. The exit strategy will be determined later, but for now, the target price serves as the anticipated level for evaluation.Longby BitcoinOasis0
Bitcoin: 136k By February 2025Maybe this could happen. This is not financial advice. This is my fake chart. Mr. StormLongby LvNThL3
BTCUSD: About the next trading plan for Bitcoin. In the short term, the buy rating is still maintained. Pay attention to whether the position near 94500 stabilizes. BINANCE:BTCUSDT BINANCE:BTCUSDT BITSTAMP:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD Longby Newbie-Trading-Updated 4
btcusdi think bitcoin started down trend but, this time, it can start little up trend then continue down trred 73000-76000 is important support and 104000 is important resistance Shortby meetingtrade111
BTCUSDLooks as if Price is in the midst of a Weekly Retracement, we can see Price trade down to the 64k - 75k range before encountering a Bullish expansion/continuation. Get ready to capitalize on this Bearish Price Action. _SnipeGoat_ _TheeCandleReadingGURU_ #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategyby TheeSnipeGoat111
BUY OPPORTUNITYInstrument: BTC/USD Current Market Price (CMP): 91,729 USD Entry Price: 87,916 USD Stop Loss (SL): 84,660 USD Take Profit 1 (TP1): 106,450 USD Timeframe: 4-Hour Chart (Hourly corrections expected) Trade Rationale: Price Action Expectation: We anticipate a short-term bearish movement in BTC/USD, with a dip into the demand zone between 88,500 - 85,200 USD before a strong bounce back. Support and Resistance Levels: Support Zone: 88,500 - 85,200 USD (buy area) Resistance Level: 92,500 USD (key level to break before heading toward TP1) Supply Zone (4-Hour Chart): 106,450 USD (expected higher target after the bounce) Market Sentiment: There is potential for bullish price action in the coming days, with an expected market shift post-New Year, as the crypto fear and greed index stands at 65 (showing a neutral market sentiment). This is significant because the market was previously above 80, indicating extreme greed. The neutral sentiment could support a reversal to higher levels, especially with the lower acquisition prices of MicroStrategy, potentially indicating accumulation before the next bullish phase. Trend and MicroStrategy Impact: The ongoing negative price trend due to the announcement of new BTC acquisitions by MicroStrategy on Mondays has contributed to short-term downward pressure. However, this trend could shift as the price reaches key support levels and begins to recover.Longby GODOCM110