Bitcoin could retest 4hr 200ema and then run hard!I think a small pull back is likely, we are so close to the 200ema and perhaps it will converge with up-sloping and down-sloping resistance for a volatile reaction. Not financial advice, DYOR by ChartProphet113
Bitcoin Price Once Again Fly Bitcoin Price identifying Potential Trading Zones. To Buy Side. Resistance Zone 198K Bitcoin Hits this Resistance Zone Support Zone 98K If Bitcoin Drops in sell side Like 98K this Could Be Support Area if a Bitcoin Test To Support After Price Again Rise To the Resistance Zone. If you are in Buy Trade keep Eye on the Resistance Zone 108K Rate Share Your Idea What's Going On Thanks.Longby FxJennefirUpdated 7
Welcome to the Bitcoin Christmas PUMP! BTC 1D MACD Crossover↖️⬆️ Click the 🚀 Welcome to the Bitcoin Christmas PUMP! ₿ ₿ ₿ ₿ ₿ 🚀🚀🚀🚀🧑🏻🎄🧑🏻🎄🧑🏻🎄🎅🎅🎅🧑🏻🎄🧑🏻🎄🧑🏻🎄🚀🚀🚀🚀₿ ₿ ₿ ₿ ₿ The 1D MACD Crossover just signaled on COINBASE:BTCUSD BTC 1 Day candle. But that's not all. It's the type of crossover. Text book. RSI just entering 70 area. The last time the 1D MACD crossover happened, Bitcoin saw a 45% pump. looks like it should go to just past new year. The big question is does it continue before taking a breather.....? In fact, when using the last pump as a guide, it falls perfectly in line with the Fib levels and lands right around $150,000. (just my silly extrapolation. I'm sure it's nothing. ;)Longby tradepsych113
BITCOIN - MOON CYCLE ANALYSIS - CryptoManiac101The chart shows Bitcoin's price action over time on a 4-hour timeframe, overlayed with moon phases (full moons and new moons). Here’s a quick analysis based on the visible data: 1. Moon Phases and Price Movement: - Full Moons: The price tends to show upward momentum following full moons in several instances on the chart. - New Moons: Downward or neutral trends often appear to coincide after new moons, though this is not always consistent. 2. Pattern Observations: - The moon phases might align with local price tops or bottoms, suggesting potential psychological or cyclical effects in the market. - This relationship is not strictly consistent, as some moon phases do not correlate directly with significant price changes. 3. General Price Trends: - The chart shows a strong upward trend in the latter months (October-December), with some consolidation periods after peaks. 4. Potential Implications: - If trading with moon phases, full moons could be monitored as potential entry points for upward price movements, while new moons might signal caution or possible pullbacks. - Combining this observation with other technical indicators like RSI, moving averages, or support/resistance levels would improve reliability. For even more fun, the red boxes on the chart symbolize periods of time we were in Mercury Retrograde. Just FIY, this is for entertainment purposes and is not financial advice.by CryptoManiac101117
$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
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
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
2024-12-16 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. comment: Clear channel upwards and we will likely hit 110k over the next days. The channel is wide enough to trade in both directions. Once market breaks below the closes bull trend line and the 4h 20ema, a short is the much bitter trade from a r:r perspective. current market cycle: Still a bull trend as long as above 94000. key levels: 94000 - 110.000 bull case: Bulls got another strong move up that began last Tuesday. It’s pointing to my measured move target 110k and I highly doubt bulls can get it much above that. But I also have a tendency to underestimate these bubbles. We can clearly see two legs up already and a third could get us there. Invalidation is below 94000. bear case: Bears see the broad bull channel and selling new highs was profitable over the past 4 weeks. They see the next bull wedge which can break down over the next 2-3 days and they hope for another deep pullback to 98k or lower. Invalidation is above 110.000. short term: Bulls are in control but I have no interest in buying this. Once the bull wedge breaks down and we trade below the 4h 20ema, I will think about shorts for 98k-100k. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 over the weekend. current swing trade : Nope trade of the day: Shorting above 101k continues to be profitable.by priceactiontds110
New update Bitcoin Bitcoin hit a record high of $106,533, fueled by speculation about a U.S. bitcoin reserve. It has surged over 50% since November 5, with a market cap surpassing $3.8 trillion and a 136% rise in 2024. Bitcoin reached a record high above $107,000. MicroStrategy purchased 15,350 BTC, now holding 439,000 BTC valued over $46 billion. Riot acquired 667 BTC, raising its total to 17,149 BTC. Bitcoin reached $106,500, now at $104,500, with a market cap of $2.07 trillion, accounting for 54% of the market. Analysts aim for $130,000, highlighting the need for support above $100,000by Chartino110
BTCUSD The Target Is DOWN! SELL! My dear subscribers, BTCUSD looks like it will make a good move, and here are the details: The market is trading on 10158 pivot level. Bias - Bearish My Stop Loss - 10289 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 99100 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals113
BTC?USDStill looking for longs ATM but I think this could be the turn around point that set the bigger retracement into action what do you guys think?Longby OakleyJM1
Bitcoin Hits New All-Time High of $107k — Is $150K Next? Bitcoin ( CRYPTOCAP:BTC ) has once again shattered expectations, climbing to a record-breaking $107,000. This milestone follows a 3.68% surge over the weekend, with bullish sentiment fueled by a surprising announcement from President-elect Donald Trump. Bitcoin Price Today Bitcoin’s recent rally can be attributed to President-elect Donald Trump’s pledge to establish the U.S. as the global center for Bitcoin and cryptocurrency innovation. During a CNBC interview on Sunday, Trump unveiled plans for a U.S. Bitcoin reserve, emphasizing the need for the country to lead in digital assets. This announcement sparked a surge in buying activity, propelling Bitcoin to its new all-time high of $106,727. The market’s reaction underscores the growing influence of policy decisions on crypto prices. Trump’s pro-Bitcoin stance has injected optimism into the market, with investors viewing it as a step toward broader institutional adoption and regulatory clarity. Technical Analysis From a technical perspective, Bitcoin is currently trading at $106,893, slightly off its daily high of $107,080. The recent breakout above the psychological $100,000 level signals strong bullish momentum. Key technical indicators suggest further upside potential: 1. Relative Strength Index (RSI): While the RSI stands at 71, indicating overbought conditions, historical patterns show that Bitcoin can remain overbought during strong uptrends. 2. Support Levels: In the event of a local correction, support ranges are identified at $97,500–$99,500 and $94,100. These levels could provide buying opportunities for traders looking to enter the market. 3. Resistance Levels: Bitcoin faces minimal resistance in uncharted territory. The next significant psychological level is $110,000, followed by the ambitious $150,000 target predicted by analysts. Market Dynamics Bitcoin’s 24-hour trading volume stands at $110.4 billion, with Binance leading the charge. The exchange’s perpetual and spot trading volumes contribute significantly to Bitcoin’s liquidity. This robust trading activity underscores the market’s resilience and readiness to absorb high volumes. Outlook: Can Bitcoin Reach $150,000? The path to $150,000 hinges on several factors: 1. Macroeconomic Environment: Continued pro-crypto policies from global leaders could drive institutional inflows and bolster market confidence. 2. Technical Breakouts: A sustained move above $110,000 would validate the bullish continuation pattern and set the stage for a run toward $150,000. 3. Market Sentiment: Despite overbought conditions, Bitcoin’s historical performance during Q4 and Q1 suggests strong potential for further gains. However, traders should remain cautious. The RSI’s overbought reading and the potential for profit-taking at key levels could trigger short-term corrections. Risk management is crucial, as the market navigates these uncharted waters. Conclusion Bitcoin’s new all-time high of $107,000 marks a significant milestone, driven by both fundamental and technical factors. President-elect Trump’s pro-Bitcoin stance has ignited fresh optimism, while technical indicators and on-chain metrics point to continued bullish momentum. With $150,000 as the next ambitious target, the crypto market is buzzing with excitement. Will Bitcoin continue its ascent, or will a correction provide a breather before the next leg up? Only time will tell, but for now, the flagship cryptocurrency is firmly in the spotlight.Longby DEXWireNews2
BTC/USD Bull Run Continuation My analysis is pretty simple. Using moving averages, volatility, and momentum indicators, I predict a sizeable move to the upside on a daily time frame. price action has consolidated around the yellow 21 EMA and is now officially bouncing off of the 5 EMA. The last time this happened was last month in the beginning of November after we broke the all time highs within the 70K range. Momentum itself has also shifted to the upside along with volatility rising. That's pretty much it. Have a great holiday season everyone.Longby kuzonthereaper110
Softbank $100B AI Investment Promise Heard Worldwide COINBASE:BTCUSD is going bananas today, shortly after Softbank CEO announced $100B AI investment in the United States on stage with American President. The howling wolf chart pattern shows the excitement exploding as confidence in American economy future success is skyrocketing worldwide. Good things in store for BINANCE:BTCUSDT beautiful oasis in the world. Have a great day trading the pump. Remember Habibi, the desert tests your will, not your strength. www.livemint.com www.youtube.comLongby LawrenceOfCoinrabiaUpdated 111
BITCOIN WYCKOFF accumulationscenariocast! IF that is what is occuring ... the #BTC price over the next few months could follow something similar to what I have drawn in a #Wyckoff re-accumulation range and breakout. With the recent price action being a false breakdown before recapturing the range and proceeding to reach previous levels of resistance. Let's see if this occurs, sentiment reached rock bottom last week. SO I would not be surprised!Longby BallaJiUpdated 3329
SHORTAs long long as 102,378 have not been broken, we are not yet in a further bullish trend, Price is still hovering. But a look at 4H chart reveals bearish opportunity to be exploited as choch is observed at 101,183, Price broke previous low. Slight pullback is ongoing to retest previous lh area around 101,599/101,955 zones. Wait out this retest and open sell order using ltfs, target next 4H low Shortby NnadozFX6
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
BTC/USD Performance Review: December 16, 2024.BTC/USD Performance Review: December 16, 2024 Market Overview Bitcoin (BTC) has had a dynamic day, reaching a new all-time high of $106,648 in the early Asian session. However, it has since corrected to around $104,773. The main driver behind today's price action is the anticipation of the US Federal Reserve's decision on interest rates, expected on Wednesday. Key Events and Influences New All-Time High: BTC reached a new all-time high of $106,648 early today. This surge was driven by strong institutional demand and positive market sentiment. Federal Reserve Anticipation: The market is closely watching the Federal Reserve's upcoming decision on interest rates. A potential rate cut is seen as positive for risk assets like Bitcoin. Institutional Inflows: Bitcoin Spot ETFs recorded a net inflow of $2.17 billion last week, indicating strong institutional interest. Technical Indicators: Early signs of bearish divergence in the Relative Strength Index (RSI) and Awesome Oscillator (AO) suggest weakening bullish momentum. Price Movements Opening Price: BTC started the day at $105,000. High: Reached a high of $106,648 early in the Asian session. Low: Corrected to a low of $104,773 later in the day. Current Price: Trading around $104,773 at the time of writing. Technical Analysis Moving Averages: BTC is trading above its 50-day EMA but below its 200-day EMA, suggesting a potential bullish trend if it can reclaim the 200-day EMA. RSI: Currently at 68, approaching overbought territory. A break above 70 would typically generate a sell signal. MACD: The MACD line recently crossed above the signal line, indicating bullish momentum. Bollinger Bands: The price touched the lower Bollinger Band and is now moving upwards, indicating a possible reversal. Volume: OBV is rising, suggesting strong buying interest. Market Sentiment Fear and Greed Index: Currently reads 83, indicating "extreme greed" among traders. Analyst Predictions: Analysts remain bullish on BTC, with some setting a target of $110,000. Conclusion Bitcoin has had a volatile day, reaching a new all-time high before correcting slightly. The market is closely watching the Federal Reserve's upcoming decision on interest rates, which could significantly impact BTC's price. Despite the correction, the overall sentiment remains bullish, supported by strong institutional inflows and positive technical indicators..Longby OakleyJM1
B/$The situation with Bitcoin is very interesting, I think volatility will increase and there will be a lot of sideways movements.by Goliam_Praz110
Bitcoin fitting an upward wedge pattern, decreasing volatility.From what I understand, these usually break higher, but do correct me if I'm wrong.Longby chillcryptoUpdated 1
Bitcoin spiked on Monday pre-market and hit a cluster of targetsWe got a buy signal on Sunday and the target got hit on Monday pre-market The previous target for the buy signal generated on Thursday got almost hit as well.by CastAwayTrader1
BTC Monday DropIn past bull markets, especially 2017, I remember that we used to joke that the market always pumped on Sunday and then dumped on Monday. We seem to have temporarily recaptured that trend. But the day is not done, and Bitcoin hit $106K yesterday… hard to be anything but mega bullish.by ScottMelker2
Check the trend The current uptrend is expected to end at the current resistance levels and we will see the start of a correction. If the price breaks through the 88.6% level, the above scenario will be invalidated.Shortby STPFOREX2