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Wedge Pattern on Bitcoin's Chart - Investors Take RisksHello, The optimistic break out of a possible bullish wedge pattern suggests potential price action of reclaiming the $97.3k price level. The white trendlines mark the borders of a falling wedge pattern, which is usually a bullish pattern. The upward break out from the pattern further indicates a bullish scenario. The bullish chart pattern aligns with technicals like MACD, signaling a weakening bearish momentum. Per the wedge patterns' dimensions, if the price returns to the wedge and hits stop loss levels like $96.5k, the bullish scenario can be considered invalid. Otherwise, a minor pullback is possible to the upper white trendline until BTC picks up bullish momentum and volume. The volume profile shows relatively minimal interest at the current levels. So, I expect BTC to move out from these levels soon. Achieving the target of $97.3k would not only fulfill the bullish potential according to the dimensions of the wedge pattern but also bring the price to levels where investors are interested in trading. Sentiment: As of November 2024, the market sentiment for Bitcoin is extremely bullish. This is reflected in the Crypto Fear and Greed Index, which currently sits at 88, indicating extreme greed. This high level of optimism suggests that investors are highly confident in Bitcoin's future and are willing to take on more risk in anticipation of further price increases. Global economics: The ongoing strategic competition between the US and China continues to shape the global economic and political landscape, impacting trade, technology, and security. Competitors may recognize the potential to exploit Bitcoin, which will help the price to reach higher levels. Risk management: I encourage you to configure your stop loss and diversify your investments to reduce risk. Regards, Ely
BITSTAMP:BTCUSDLong
by Elysian_Mind
BTCUSD Breakout Alert: Head and Shoulders Pattern Targets $108K!Bitcoin is showing a textbook Head and Shoulders breakout, with a potential move above the neckline (dotted line). The projected target for this bullish structure points toward $108,000, marking a significant continuation of the long-term uptrend. Entry Idea: On retest of the neckline or consolidation above the breakout zone. Stop-Loss: Below the right shoulder for risk management. Take-Profit Target: $108K, in line with the projected breakout target. Keep an eye on volume too. Disclaimer: This is not financial advice. Conduct your own analysis and manage risk accordingly. Follow for more.
Long
by cryptechcapital
BTCCOINBASE:BTCUSD It is possible that Bitcoin is forming a butterfly pattern as a completion of the 5th Elliott wave. In this case, it is possible to make corrections as shown in the picture by completing this model. Since the financial markets are under the pressure of many factors and any factor can cause fluctuations in it, the provided analyzes are provided only to inform the general market environment and are not any suggestions to buy or sell. So be sure to trade with your trading strategy in this market.
Long
by Daragolbon
An update on the monthly log channel chart from AprilI posted this chart idea originally all the way back in april when I discovered that all the major tapas and bottoms of the market since the 2017 top until now are all in a very clear set of rising channels seen best on the 1 month log chart as shown here. We can see since that time in April, Bitcoin has now broken back upward and is very close to retesting this super strong trendline just above it currently around 47-48k. This trendline is likely to be significant resistance, however there is a chance during a moment of extreme fomo where we could break above this trendline and retest the lighter green ascending trendline with a wick which is currently sitting around 56-58k on the current monthly candle. Ultimately my guess is the trendline just above current price action at the 48k zone is likely to maintain candle body resistance and lead to the next big market correction. It may even maintain wick resistance too but I still believe we can possibly wick above it and retest the trendline just above it with a wick before ultimately closing whichever candle gets above it’s candle body below the 48k trendline. Once this happens, the first zone I’m going to be watching to hold support is at the 1month 50ma shown here in orange. There’s a decent chance we could correct even lower than that but that will be the first zone I watch for a potential reversal back into the uptrend. For now though I think it’s completely possible to go as high as the 56-58k zone with a wick while still maintaining the trendline just above this current area as resistance but I wont be surprised if that trendline at 48k is so powerful we cant even get a wick above it either. Both seem quite probable to me at this point. I am going to attach a link to my original channel idea on this update as well so you can see where this channel discovery originated from. *not financial advice*
INDEX:BTCUSD
by DrDovetail
2
Will Bitcoin's price reach 245K?The time frame of this analysis is 2W. the chart you see is a complete data chart for Bitcoin. We have a valid price channel for Bitcoin, where the channel's midline and the resistance drawn from previous highs (red line) point to the 245K - 250K range. As you know, we had previously set a target of 169K for Bitcoin in the medium to long term, starting from much lower prices. Experience has shown that, in logarithmic charts, price channels are valid for medium- to long-term trends. Additionally, a significant resistance level (green line) in the 77K to 78K range has been broken, suggesting that the current price floor is within this range. If a drop occurs, a retest of this broken resistance is likely. Furthermore, there is a CME gap around 77K, and if this gap is filled, the bullish sentiment in the market will likely be reactivated. Given Trump's four years of presidency and his support for crypto, this emerging market has the potential to reach substantial market caps. Profit-making, even in a highly bullish market, still requires patience, diligence, and risk management.
BITSTAMP:BTCUSD
by behdark
6
When will BTC top? - Four-year cycle theory predictionIn January of 2022, I predicted that Bitcoin would bottom in November of that year. I made that prediction on the basis of similarities across two prior 4-year cycles, and my call turned out exactly right. Early this year (2024), I came to the conclusion that the 4-year cycle theory was invalidated when Bitcoin reached ATHs (above 69k) much earlier than in previous cycles. In fact, it made new highs even before the halving, which has never happened before. However, a few weeks ago I decided to revisit the 4-year cycle theory and see whether it might somehow still be salvageable. I argue that it can be salvaged, but only if we overlook the price action from Q1 of this year. If we treat the price action from Q1 of 2024 as an aberration - perhaps because ETF inflows were hotter than anyone expected - then the four year cycle can still be considered valid, and put to work to make some predictions. With that caveat, in other words, if we overlook evidence that invalidates the hypothesis (stupid, I know) then I can say that Bitcoin should top sometime between Sept 20 and Oct 20 of 2025 ...that is, if this cycle matches older cycles. I make my prediction on the basis of the following four criteria across three prior cycles. 1. It has taken Bitcoin between 364 - 415 days to reach the bottom from ATHs. In other words, it takes Bitcoin around a year to reach bottom. 2. It has taken Bitcoin between 1070 - 1135 days to make new highs after a previous cycle's ATHs. If you bought the absolute top of a cycle, you've had to wait around 1100 days before you saw new highs. 3. After Bitcoin makes new highs, it tends to run for between 329 - 343 days before reaching that cycle's top. In other words, after making new highs, Bitcoin stays in a bull market for close to a year. 4. Finally, and most interesting, it has taken Bitcoin EXACTLY 1064 days to reach ATHs from a previous cycle's all-time-lows on two separate cycles . That is a remarkable coincidence. So, if we overlook the price action of Q1 2024 and decide that Bitcoin made new cycle highs (above 69k) for the first time in October of 2024, then we can drink from the hopium cup which says Bitcoin should keep running for around a year until Sept-Oct of 2025. If, by some strange coincidence Bitcoin tops out exactly 1064 days from last cycle's lows (criteria 4 above), the top should come in on October 20th, 2025. So, once again: Sept 20 - Oct 20 This is obviously not scientific, and even more obviously NOT financial advice. Here's the link to my 2022 bottom prediction:
BNC:BLXLong
by fritzz
3
BTC Daily Chart - Cup and Handle formation - Target $89k Dec 6thI'm not convinced this is a great Cup and Handle formation, but it is there and it is also on ETH. However, if you compare it to the other charts, the numbers seem to be within the same reasonable ballpark and timeframe, so it's possible that multiple patterns will more strongly confirm the target. I also don't remember how to calculate the estimated date for a C&H target to complete, so I just used 60 days as an estimate. Lets see how this one does after the test of time.
COINBASE:BTCUSDLong
by Tin.Foil
Crypto Money Flow CycleHello, The Crypto Money Flow Cycle is a flow model that discusses the route of investments from fiat to Bitcoin, from Bitcoin to altcoins, and backward into fiat, booking profit at every step. The model theorizes that most Bitcoins in circulation aren't mined but are bought for fiat. Before every bull run, investors don't necessarily buy mining equipment but purchase Bitcoins from their fiat money. As more and more money flows from fiat into Bitcoin, Bitcoin price rallies. At this phase, Bitcoin usually pumps more than most altcoins. At the end of the phase, investors buy altcoins from their Bitcoins. They prioritize large caps like Ethereum. So, the price of large caps rallies compared to fiat and Bitcoin. Usually, these rallies outperform Bitcoin because the investors can afford to invest not only the initial fiat value but all the profits so far. That is Bitcoin's performance on fiat compounded by the large caps' performance compared to Bitcoin. Over time, investors move the value from large caps to medium caps and from medium caps to small caps, pumping the markets in this order. Since the investment in medium caps is larger with the profit than the large caps, medium caps usually pump more, and similarly, small caps pump even more when money from medium caps flows into them. To realize all the profit so far, investors can exchange small-cap altcoins back into Bitcoin, which means Bitcoin will pump once again. Then all the money so far, which is the initial fiat value compounded by the profit from each phase can return into fiat. Usually, this is when Bitcoin suffers correction and drags altcoins with itself. That's how the Crypto Money Flow Cycle usually works. It's a model, which might or might not be true. However, I can say AI could trade the estimated phases with a success rate of over 71.23%, which means there might be more to this model than luck. Regards, Ely
COINBASE:ETHUSDEducation
by Elysian_Mind
9
DOGE - Decision PointHello Doge Fam! This is where the Tribe mentality of Doge, bound by a sense of Love, has the opportunity to shine. We face a pretty key decision point in continuing our exponential rally to the next big level, or facing the reality of a pull back to close the gap we left when we jumped up from $.20 to $.420 :) That scenario is shown in orange…. So… whats it gonna be? Will we hold strong as a tribe? Will BTC fail this same test, and trigger a cascade of money flow to DOGE from BTC? David vs Goliath.
GEMINI:DOGEUSD
by DHLawrence
Bitcoin Cup and Handle Update Targeting $121,541 Before 2024 EndI recently shared a cup-and-handle pattern on a different exchange back on November 16th. Here's the updated version for Bitcoin it has already broken out and is now finding support around $96,500. This is on the weekly chart, and so far, it’s playing out well. The target for Bitcoin is $121,541.00. Wishing everyone good luck in reaching the 100K mark before 2024 ends! Drop a comment below if you think we’ll break 100K before the year is over.
INDEX:BTCUSD
by CryptocurrencyWatchGroup
MINA SWING LONG IDEA - CRYPTO MARKET ALTSEASON The price ran 2023’s swing lows and got rejected with an impulsive wick, bringing it back into the 2023-2024 range. I believe this action has reached the max pain point for this coin. After sweeping significant lows, the price showed strong upward momentum, breaking the weekly structure and initiating a bullish trend. The daily upward momentum is also increasing, which suggests we may see some retracements, but the target is the purple lines, 2024 highs, and potentially smashing all-time highs. The fundamentals of this coin are also strong. I believe the coin’s fundamentals will act as a catalyst, driving strong bullish momentum during the 2024-2025 altcoin season.
Long
by UA_CAPITAL
APTOS - APT COIN SWING LONG IDEA - ALTCOIN MARKET - CRYPTOAptos is one of the most useful Layer 1 chains in crypto right now. I believe the fundamentals of this coin are remarkable, and I expect it to perform well during the 2024-2025 crypto bull market. The price is coming from the monthly demand zone. It swept the 2024 spring low before getting rejected from the monthly demand, which created strong bullish momentum. It also broke the diagonal trendline responsible for the bearish movement. Currently, both weekly and daily momentum are strongly bullish. I expect the price to hit the daily demand zone and take off from there. It might form a small range around this level, but I believe we are targeting all-time highs.
Long
by UA_CAPITAL
JUP SWING LONG IDEA - JUPITER COIN SWING LONG - SOLANA CHAINFundamental Analysis: JUP is the top DeFi project on the Solana chain. It’s a strong project and one of my favorite DeFi projects in all of crypto. I have confidence in their team and vision. Recently, we’ve seen strong momentum in JUP alongside SOL's bullish movement. Technical Analysis: The price is coming from the monthly demand zone. The weekly demand zone supported the price after testing the monthly zone, and it has broken the diagonal bearish trendline that was responsible for the mid-term bearish trend. We recently hit and got rejected at the diagonal trendline responsible for the long-term bearish momentum. I believe we’ll see a small retracement from here before taking off, potentially aiming for new all-time highs.
Long
by UA_CAPITAL
BITCOIN - Price can bounce up from support line of wedgeHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price entered to wedge, where it bounced from support line and started to grow. In a short time, BTC reached the $90700 level, which coincided with the support area, and started trading below it. Soon, price broke this level and rose to resistance line of wedge, but then BTC turned around and fell back. Next, price finally broke $90700 level and later made retet, after which bounced and continued to grow. Later it rose to resistance line of wedge again but then corrected to support line, after which started to rise recently. Now, I think that price can fall to support line of wedge one more time and then bounce up to $104000 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
BITCOIN BLX 1 Month Now, the Monthly chart is nothing to F with! Take a look at the RSI with it at the bottom by the blue line, every time it was down there the next move up was a Bull run. The Stochastic RSi is already curling up with the mouth opening about to gasp some air as it heads to the up side. Can we see continuation? KKEP AN EYE ON THIS! A lot point to a Run to the upside is near, don't sleep on this. CPI numbers tomorrow morning will cause Volatility, be ready. 8:30 am ET/ 5:30AM PT <--- Good Luck Out There!
BNC:BLX
by BuddaCo_LifeStyle