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100k BTC Psyche RegionCan't say I know the absolute direction here, but noticing some patterns including fundamental developments, here's some observations: Technical: -Doji's on the monthly in the has shown positive following candle -Psychological 100k resistance is expected, potential breather to tap previous supports -Volume has been decreasing as the rally has manifested as major players entered at the 20-30ks after the 2021-2022 excitement Profit taking may happen, tho as per 3's, if a Doji symbolizes a change in trend and it hasn't happened twice now, the 3rd time might be the one for a correction to previous psychological values like 80k before buyers return. Fundamentals: -Inflation has re-emerged in global economies sparking concern for hedges against rapid inflation in the future, so this value will be extremely giving of the direction in crypto -Financial Institutions have started piling into XRP, BTC, and other cryptos so demand still exists not just in the retail sector but now the multi-billion dollar business market. -As per previous Idea's money velocity, treasuries, and other inflationary concepts tend to guide crypto in a specific manner independent to their fundamentals. -Rotations can happen in all sectors including Equities: Large cap to Small cap as well as crypto, BTC/ETH to Altcoins. Naturally a release of liquidity is necessary in order to rotate from one to the other so drops can happen before rotations commence. Overall Fundamentals > Technical so I lean towards a more bullish expectation on the Doji candle, at around a 70-80% chance considering especially institutional liquidity entering crypto and inflation motivating retail to get crypto. Tho i do not disqualify technicals manifesting due to human psychology following patterns and the natural habits of people and algo's constructed by humans. Waveforms of both emotions and markets are hand in hand like peanut butter jelly, underestimating how connected our expectations of trends are and how they manifest from said manifestations. On top the roller coaster of life tends to pull us around up and down, we don't go up forever, and neither do we go down, tho it sure does feel like it when emotions and adrenaline pulses through our body during the moments of euphoria or dread. Stay rational, Stay frosty, Good luck!
Long
by SuperScholarXYZ
Possibility of sideways until the next volatility period (Title) The key is whether sideways can occur until the next volatility period ------------------------------ Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (USDT 1D chart) (USDC 1D chart) (BTC.D 1D chart) (USDT.D 1D chart) The point to watch for USDT and USDC is whether they can maintain their upward trend. BTC dominance failed to fall below 55.01 and is showing signs of touching the MS-Signal indicator. The key is whether it can meet resistance near the MS-Signal indicator and fall. The key is whether USDT dominance can meet resistance near the 3.92-4.31 range and fall. I think that for the altcoin bull market to start, BTC dominance needs to fall below 55.01 and remain there or continue to fall. For the coin market itself to maintain an upward trend, I think that USDT dominance needs to remain below 4.97 or continue to fall. Therefore, we need to check whether the content I mentioned above is maintained or whether it satisfies the content for BTC. ---------------------------------------- (BTCUSDT 1D chart) As I mentioned yesterday, there has been a movement in BTC dominance and USDT dominance. However, I think that for the trend to change, it depends on how BTC moves around 95904.28-98892.0. That is, if the price is maintained around 95904.28-98892.0 until around December 27, I think it is highly likely that the StochRSI indicator will be reset and the upward trend will continue. Otherwise, if it falls below the M-Signal indicator on the 1D chart, that is, below the MS-Signal indicator, and shows resistance, it is likely to touch the M-Signal indicator on the 1W chart. This movement can be seen as a pull back due to profit taking to relieve fatigue from the upward trend that has continued so far. I think this can be seen as profit taking for the upward trend that started in 2023. - Due to this decline, the BW(100) indicator is showing signs of being created at the 101109.59 point and the HA-High indicator at the 97821.58 point. Accordingly, we can see that the high point section has risen. Therefore, if the HA-High indicator is generated at the 97821.58 point, the key is whether it can be supported and rise around this area. In any case, what we need to look at importantly is whether it can be supported and rise around the M-Signal and MS-Signal indicators on the 1D chart. The key is whether it can be maintained until the next volatility period, around December 27th. To do so, I think funds should flow out of altcoins and the price of BTC should be defended. I think it is currently showing that pattern, but I will have to wait and see a little longer. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
1
When is the Right Time to Reenter?You see those two green stripes? That’s where I bought: 1️⃣ First Stripe: - Indicators Alignment: The **1-Day, 3-Day, and 1-Week Cycles** were all below 20, signaling a strong buy. - Retracement: The market had retraced ~12%, confirming the **bullish trend** was still intact. - Cycle Low: The **60-Day Cycle low** was just around the corner. - Key Level: When the **$40K level** broke, the **bottom volatility** confirmed we were bottoming in the **60-Day Cycle**. - 🔍 **Did I catch the exact bottom?** Rarely—but I waited for the **1-Day Cycle to reset** and bought again at the **second green stripe** in early February. 2️⃣ The Result: - The market resumed its climb, gaining another **50%** from my entry point. 🚀 The Current Plan 📝 I’ll take a similar approach this time: - 1-Day & 3-Day Cycles: Plan to reenter when both indicators drop below 20 —without waiting for the 1-Week Cycle to reset fully. - Why? A left-translated cycle (concept by Bob Loukas, 2022) suggests this could still be a great entry point. 📊 Historical Data: Strongly supports this strategy. Stay patient, and let the cycles guide your reentry. 🚦📈
Long
by TheStrategyMaster
Bitcoin 1st wave correction! No worries, the bull run goes on...Well, here we are at our 1st correction wave of the Bull market, ladies and gentlemen! Overall they are five. We have 4 left until the end of this Cycle. This correction might bring Bitcoin down to 87k level, or a bit lower. Altcoins would have juice spots of entry /prices to DCA or buy in/add to your positions. I do not advise you to trade as it would be a tricky couple of weeks or the correction, I believe. Take your time, relax, add the coins to your portfolios and get ready for the next, 2nd wave by the end of December. Let's go, monsters, let's go!
by dplmat
"BTC Drawdowns: My Target Was Picture Perfect!"Hello, everyone! 👋 Today marks the second day of significant crypto price drawdowns. 📉 I hope you managed to secure some profits earlier 💰 and are now enjoying this pullback while patiently waiting for better prices to consider long entries. 🚀 On November 21, I published an idea about BTC potentially topping out before a retracement. On December 5, BTC touched my target 🎯, and it now seems to be starting to roll over. Of course, nothing is certain in trading, but for now, the market appears to be moving in that direction. ⚖️ So, what should you do now? 🤔 It depends on your market perspective: If you're a long-term HODLer, things are straightforward—just sit back, wait, and enjoy the price action. 🪙📈 If you're a trader, especially a swing trader, you might want to consider locking in profits. 💵 Stick to your system and follow the rules—it can be that simple. ✔️ I hope you're reading this with some realized profits in your account! 💸 Stay tuned for my next idea about potential retracement levels. 📊 Wishing you all a fantastic week! 🌟
by vagada
Consolidation with Upward MomentumBitcoin is currently trading within a consolidation range, showing no signs of downward pressure. Based on my analysis, it is maintaining its upward momentum. However, it remains to be seen whether this momentum will be sustained or exhausted during the climb. Overall, there is no clear indication of a bearish trend at this point. Therefore, cautiously taking long positions is reasonable. It is advisable to wait for the consolidation phase to conclude and then reassess the situation to make more informed decisions.
by ZenTheory
BTCUSDT Up trend continuationBTC/USDT experienced a sharp decline before stabilizing. Prior to this movement, the price formed a triangle pattern. Currently, the price is pulling back to retest the midpoint of the pattern, which often acts as a support and resistance zone. On the daily timeframe, the market dipped below the previous daily low, indicating a potential upward movement. If the market successfully rejects the support level and the downward trendline, a price increase could potentially test the upper boundary of the channel. The target is the resistance zone around 105,000
Long
by RTED_Investing
BTCUSD H1 ANALYSISBullish Outlook: Bitcoin prices are experiencing a significant uptrend, driven by increasing adoption and institutional investment. As investors seek exposure to the cryptocurrency market, Bitcoin has emerged as a top choice, attracting strong buying interest. Risk Management: 1. Stop-Loss: Set at $97,570 2. Position Sizing: Manage position size to avoid over-exposure to market volatility 3. Risk-Reward Ratio: Set at 1:2 or 1:3 to ensure potential rewards outweigh potential risks Target: - Primary Target: $103,515 Best Wishes Tom 😎
Long
by Tom_Trades_670
1
Bitcoin Breaks the Lower Boundary of the Channel and Targets 97kAfter failing to sustain its position within the previous channel, Bitcoin has decisively broken through the lower boundary and is now showing clear momentum toward the 97k level. This movement highlights the growing pressure from sellers and may signal further downward correction unless a strong support level holds. Key zones to watch include potential retracement points and the reaction at the 97k level, where buyers could step in to regain control. As always, proper risk management is essential during such volatile market phases.
by Dmitriy_Trade
1
$BTC at a Crossroads: Which Direction Will It Take? 1. Overall Market Trend in 2024: - The chart illustrates a strong bullish movement in 2024, pushing Bitcoin from around $23,000 to higher levels. This rally eventually reaches a peak near $74,000, marking a key resistance level on the chart. 2. Fibonacci Levels: - Fibonacci retracement levels have been drawn from the previous upward move, showing key levels at 0.5 (61,417), 0.618 (64,598), 0.79 (68,858), and 1 (74,121). These act as potential support and resistance zones as price consolidates. 3. Symmetrical Triangle Pattern: - A symmetrical triangle is evident on the chart, forming since mid-2024. This pattern indicates market indecision and signals that a major breakout may be imminent. - The resistance and support lines of this triangle are clearly outlined, suggesting a strong price movement in the event of a breakout. 4. Key Price Levels: - The current price is around $63,212. - Two possible targets are visible following a breakout: - Bullish Target: If Bitcoin breaks to the upside, the chart suggests a potential rally toward $100,000, a highly optimistic price target. - Bearish Target: On the downside, a move toward $23,000 is expected if the triangle breaks lower, marking a crucial support level. 5. Support and Resistance Zones: - The purple shaded areas represent significant support and resistance zones where the price has reacted multiple times. The current price is compressing between these zones, awaiting a decisive move. 6. 2025 Forecast: - The green arrows and projected lines suggest two potential outcomes for 2025: - Bullish Scenario: A breakout to the upside, with Bitcoin targeting the $100,000 level. - Bearish Scenario: A downward move could see the price retracing back to $23,000 as a key support. My Analysis: The symmetrical triangle pattern and price compression signal that the market is gearing up for a strong movement, though the direction remains unclear. The eventual breakout of this triangle will be crucial in determining Bitcoin's next significant move. If the price breaks upwards, it could target higher levels, potentially surpassing the $100,000 mark. Conversely, a downside breakout may result in a sharp correction towards the $23,000 support zone. In terms of risk management, it's prudent to wait for a confirmed breakout before committing to a particular direction, as the subsequent movement is likely to be significant. What’s your opinion on Bitcoin's trend? Share your thoughts in the comments!
by ScorpionX_Co
1