ETHBTC bottoming at Monthly Support, watch it unfold.ETHBTC bottoming at Monthly Support, watch it unfold.
BTC-D
BITCOIN repeating the November 2023 Channel and targets $140kBitcoin (BTCUSD) has been trading within a Channel Up in the past three weeks, basically for the majority of the month of November, following the U.S. elections. It may been struggling currently to break above the $100000 psychological barrier but historical patterns are in favor of a break-out as the very same Channel Up was formed exactly 1 year ago and paved the way for the March 14 2024 High.
** August 2023 vs August 2024 **
As you can see basically, BTC's whole sequence since the August 05 2024 Low is very similar to the one that started again a year before that in August 2023. The similarities are uncanny. Both fractals started with an August decline below the 1D MA200 (orange trend-line), bottoming inside a Cup pattern that initiated an Accumulation Process. At the same time, the 1D RSI was waving a Bullish Divergence as it has been rising on Higher Lows.
** Golden Cross to November Channel Up **
A 1D Golden Cross was formed right when the November Channel Up patterns emerged. By that time, the price was already on the 2.0 Fibonacci extension of the August decline. At the moment we are on the stage past a 1D MACD Death Cross, which led to a December bullish break-out to a new High.
** Next step = $140k **
A mere test of the 3.0 Fibonacci extension, would translate to a $140k price tag on Bitcoin. Based on the striking similarities and extremely high degree of symmetry with the pattern a year ago, it may become a reality as early as February 2025.
But what do you think? Is symmetry with last year about to kick in and force a bullish break-out to 140k? Feel free to let us know in the comments section below!
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👇 👇 👇 👇 👇 👇
Bitcoin is taking a breathWhile the whales are pumping alts to subsequently flush out the naive fools, bitcoin is taking a breath to break $0.1M.
I believe we are nearing the bottom of bitcoin dominance among cryptocurrencies after the Wall st. takeover. All the cryptocurrencies that have managed to pump a little bit against BTC in the meantime will soon crash back down again and look for new lows in the BTC pair.
Don't worry about fiat charts, compare to BTC!
aLt SeASoN 💩? No, really don't!
There is only bitcoin season, always has been. There is no cryptocurrency over five years old that comes close to ATH against Bitcoin.
Stay humble, stack sats.
BTC intent to try ATH again.The intention of Bitcoin to re-test ATH of $99.6K is seemingly understandable.
$BTC - Steeper correction if below $93500Hi guys! 👋🏻
🔔 Lacking momentum and liquidity and it's time for correction
🔔 I believe it's too early for $100K and time to get rest before the next run.
🔔 CRYPTOCAP:BTC couldn't get the $100K and with each try the daily close is lower than the previous one, which states that market might not be ready yet for a strong impulse.
🔔 The best scenario for #bitcoin would be to close below $93500 and go for a correction down to $80K, regain momentum and take over the $100K barrier.
🔔 Triangles could be tricky, so watch for a breakout before making any decisions.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
BTC Rising Wedge with Possible Bullish BreakoutIm posting this idea because the formation the price action is making is a rising wedge. This shape has a bias toward breaking down and forming new lows. In this case, the 50 simple moving average has managed to stay above the 100 simple moving average and the price has managed to hold above the 50 simple moving average. RSI is only 48 at time of publishing on the H4 Chart.
I think BTC will break to the upside here and manage to print a price above 100k. Minimum target is 101,900 the 1.236 extension from previous High swing Low.
Not financial Advice, do your own DD.
Thanks for viewing the idea.
BTC Battling Key Range with Support at $95.5KBitcoin is currently trading at $95.8k, caught between two significant price levels: $94.5K and $98.8K. The price has bounced off support at $94.5K and is now navigating around the Fibonacci 0.618 golden ratio level at $95.5K, which is acting as support.
The Advanced VWAP (Volume-Weighted Average Price) indicator is highlighting the critical range between $94.5K and $98.8K, showing where market participants are most active and where price may likely face resistance or support.
Bitcoin's hourly chart also recently showed a "death cross" about 31 hours ago, which could signal bearish pressure, but the bounce at $94.5K is providing some support.
Risk Considerations:
Potential Risks: A failure to hold the $94.5K support could signal a deeper correction, potentially down to lower levels. If the price breaks below the $94.5K support the next level could be $91.5k
Volatility: With low volume and the recent death cross, Bitcoin could be subject to sudden price swings. Keep an eye on volume and momentum to gauge strength for either a bullish or bearish continuation.
TRON is the leading large altcoin this cycle!!TRX was especially strong this bear market. It was able to steady itself from falling too far. Similar more to Bitcoin then other alts like Solana. TRX fell around 74% in the bear market like BTC. SOL fell more like 94%.
TRX now 150% above old highs and SOL below old highs.
This is not to take anything away from SOL but comparing TRX to the other strongest alt this cycle. I suspect SOL might end up following TRX in a TRX like breakout from its old 2021 highs.
TRX has been able to capture a key part of the crypto market in being a chain for stablecoin transfers and is trying to expand into more typical defi areas.
Do you play CHESS?Very strong confirmation for bulls here. TA and PA is bullish. Playing spot here.
NOT A FINANCIAL ADVICE
MANAGE YOUR RISK AND ALWAYS USE STOPLOSS
It seems that the altcoin bull market will start soon
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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- Funds are still flowing into the coin market,
- BTC dominance has already touched the 55.01 point.
Accordingly, if BTC dominance falls below 55.01 and is maintained or shows a downward trend, the altcoin bull market is expected to start.
This altcoin bull market is likely to continue until the USDT dominance reaches around 2.84.
However, if the USDT dominance touches the Fibonacci ratio point of 0.382 and rises above 4.97, the coin market is expected to plummet.
The altcoin bull market is ultimately a market where you can make a profit no matter what altcoin you buy.
Since the altcoin bull market is likely to take the form of a cyclical pumping, even if the altcoin you bought does not rise, it will rise if you wait.
If you cannot wait for that period and switch to another altcoin, you may see little profit or even a loss, so please be careful when trading.
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(BTCUSDT 1D chart)
Even so, this is only possible if the price of BTC is maintained above a certain point.
Therefore, BTC must maintain its price in the 91792.14-98871.80 range or higher.
If it fails to do so and falls, the coin market will show a decline of -10% or more.
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Therefore, it can be said that it is time to trade altcoins rather than BTC.
When trading altcoins, it is better to buy and wait when the candle on the 1D chart is a downward candle if possible.
However, as I mentioned earlier, if BTC falls below a certain point, it can experience a decline of -10% or more, so it is better to set a stop loss point and respond.
Otherwise, you may not be able to sell due to a sudden downward trend and may record a loss.
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(1h chart)
- Check whether the wave of the StochRSI indicator on the 1h chart and
- Check whether it is supported near the section composed of the BW(0), HA-Low indicator,
- Check whether it breaks through the section composed of the BW(100), HA-High indicator,
I think it is good to determine the timing of altcoin trading while checking the relationship above.
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This volatility period is expected to last until December 4th.
The next volatility period is expected to be around December 27th.
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Have a good time.
Thank you.
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- 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.
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(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.
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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.
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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
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Are we waiting for #FOMO in #SPX to spark Fomo in #BITCOINSeems, clear to me the obvious answer is YES!
So let's cheer on #STONKS cracking 5,000 on the #S&P
As we would likely see risk be fully turned on, and cash to flow into the #Crypto space.
FWIW
I think the #Economy stinks
but that doesn't necessarily mean assets can't go up in number.
There are plenty of examples where this is the case.
Argentina. Turkey and so on.
#BLOWOFFTOP scenario is still in play.
ETHUSDT at Strongest Support Consider this trade IdeaEthereum seems very bullish consider take support form daily ema and price channel that we should look for.
Enjoy your trade idea
You can keep follow chart from this idea.
DYOR.
ADA | ALTCOINS | Altseason Approaches AN ENDA quick look into Cardano after a near 330% increase, there seems to be room for further growth.
Key Fibonacci levels are a great watchpoints, especially the 618's.
Two other coins that pumped recently :
Just remember that after the pump, comes the DUMP. Almost every time .
Here's my thoughts on the BTC ATH being in:
TON Long Spot Trade (Breakout Opportunity) Market Context:
TON's price action is signaling strength, with a clear setup for the next leg up. The trade capitalizes on current bullish momentum, targeting key resistance levels for profit-taking while managing downside risk effectively.
Trade Details:
Entry Zone: Around $6.50
Take Profit Targets:
First target: $8.00
Second target: $10.00
Third target: $15.00
Stop Loss: Daily close below $5.50
This trade is designed to capture TON's potential for further upside as it builds on its strong trend.
BRETT Long Spot Trade (Buying the Dip) Market Context:
BRETT's current price action suggests that any dip into the $0.18 zone represents a strong buying opportunity. The setup shows potential for significant upside, with favorable risk-to-reward dynamics.
Trade Setup:
Entry Zone: Around $0.18
Take Profit Targets:
First target: $0.30
Second target: $0.50
Third target: $0.75
Stop Loss: Daily close below $0.15
This trade aims to capitalize on the dip into support, targeting substantial price expansion in the upcoming trend.
BOME Long Spot Trade (Potential Trend Reversal)Market Context:
BOME has shown signs of a potential upward trend after reclaiming its 21-week EMA. The memecoin sector's recent growth could further support this setup, providing a strong risk-to-reward opportunity.
Trade Setup:
Entry Zone: Around $0.009
Take Profit Targets:
First target: $0.012
Second target: $0.016
Third target: $0.020
Stop Loss: Daily close below $0.007
This trade seeks to capitalize on the recent EMA reclaim and the potential for upside in the memecoin sector.
HelenP. I Bitcoin can reach resistance level and then start fallHi folks today I'm prepared for you Bitcoin analytics. The chart shows how the price rebounded from the trend line and tried to grow, but at once fell back and soon made a strong impulse up. BTC rose to the 91300 support level, which coincided with the support zone, and tried to break this level, but failed and some time traded in the support area. Later, the price finally broke this level, made a retest, and continued to move up to the resistance level, which coincided with the resistance zone and even entered to this area. Some time later, the price turned around and dropped to the support level, exited from the resistance area, after which turned around and rose back to the 98000 level. BTC some time traded below this level and not long time ago dropped to the trend line. Now, the price is located near this line, so, in my mind, BTCUSDT will grow to the resistance level and then start to decline to the support level, breaking the trend line. For this case, I set my goal at 91300 level. If you like my analytics you may support me with your like/comment ❤️
2400+ captured in BTC again today, signal still onHey Guys,
my custom Sentiment Indicator (PAID) is doing an outstanding job by capturing the sharp moves which comes after consolidation. signal is still on and 2400+ points captured... red background/green background mean sell/buy with or without buy/sell button... This is so helpful specially to beginners, this can help even if people dont know much where traps are, where price can reverse.
another amazing day and another powerful performance
Bitcoin to Hit $100,000 in a Cycle Degree TopBitcoin has been subdividing higher fairly normally in an extended wave 3 of 5. Currently we have no indication wave 4 is done retracing and/or consolidating. That only is confirmed when price breaks back above the recent highs just below $100k.
However, upon getting into our wave 5 target box, and in the larger perspective...Bitcoin is topping in a Cycle wave I. This will occur despite the halving, and more to do with the potential top in the equity markets I am seeing now. As a risk asset, Bitcoin will enter a longer term retracement, counter to much of what your hear on the financial news or read.
I don't often update on Bitcoin, so I recommend followers keep this chart handy if involved with Bitcoin.
Best to all,
Chris
Nov.26-Dec.02(BTC)Weekly market recapSince last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment.
However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts.
Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%.
These macroeconomic and external factors will undoubtedly impact the cryptocurrency market.
Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend.
In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000.
Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency.
Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.Since last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment.
However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts.
Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%.
These macroeconomic and external factors will undoubtedly impact the cryptocurrency market.
Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend.
In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000.
Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency.
Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.
The cryptocurrency market is a market of expectationsLots of good news, but that's just at first glance.
Expectations and reality
1. Last week we had good news about XRP victory, and this news was spread all over the internet and the market reacted with growth. XRP is not a security, but those contracts sold to early stage funds may still be considered securities.
So the case is not closed yet and it will continue as a subject of manipulation
The SEC can appeal this decision at any appropriate time.
2. FTX - there are a lot of rumors and different statements now about the reopening of this exchange, there are a lot of forms on the net ( fraudulent and not) about FTX account recovery and confirmation. Hope is given:) not the fact that the funds will be restored
3. I would not be surprised if they start to restore UST and LUNA case, if they do not start to restore at least give hope. ( reference - the cryptocurrency market is a market of expectations )
4. BTC ETF.
This is the same expectation that has been jutting for a long time and now strong funds such as BlackRock have joined, which have been buying physical bitcoin through other funds for a long time (e.g. at least 10% of Microstrategy belongs to BlackRock).
On the expectation of ETF approval the market is inspired ( I wrote a post about Blackrock ).
In any case after ETF approval we will see a drop here there is a logic:
- ETF contracts can be bought more than physical bitcoins.
- Need a good entry point into the market, 30k+ is not the best entry point
- A drop in price with physical bitcoins + media resources etc. seems to me as very logical and very likely.
All these points should happen at the peak of the hype, when many disillusioned in crypto after FTX and other shocks will start to re-enter the market, it all explains the Logistic Curve - the speed of information dissemination .
The Which curve explains that when FTX crashed in November 2022 was the beginning of a new cycle, which I talked about in previous posts, then everyone was afraid and thought it would go even lower.
And the end zone of the cycle is when the crowd comes into the market, a lot of noise shouting about a bright future, we are on the cusp of these events.
At that time of course we will see a lot of dumb money big green candles on small capitalization altcoins. And that's the time to get out.
Frankly I got out even earlier in stablecoins and now I only do swing trades ( positional orders positions with small stop loss )
If we talk about the time when all this can happen, it is a difficult question, because according to my previous calculations in September-October I was already waiting for the bottom, I am still waiting for it and my portfolio 100% In stablecoins is a proof of it.
Well after the fall we will have the most interesting negative news, here is the list:
- SEC appeal question on XRP
- SEC questions to all crypto companies that made public sale - fines, lawsuit.
- Questions to crypto exchanges ( bankruptcy of crypto exchanges)
- Regulation
- CBDC implementation and trading in some jurisdictions BTC/CBDC ( currency )
You definitely won't want to buy cryptocurrency on news like this, and this will be the moment when the new cycle begins.
So ladies and gentlemen we are here for a long time and welcome to our community. And remember, trading is not a sprint - trading is a marathon.
Best regard EXCAVO
BTC BITCOIN Where To Next BTC is under pressure evidenced by a bearish break on the 1D and 4H. Here is my analysis. Not financial advice.
