$QQQ is testing the most important medium-term resistanceNASDAQ:QQQ is testing the upside resistance to confirm the fifth wave finished
ETF
Bitcoin(BTC): Pumped 6% - Near our ResistanceFourth Day: Price has had a nice bounce from near the FVG zone (at $40K), where so far we have had a nice 6% market price movement!
This being said, we are getting closer and closer to our major target of $44,500, which should determine the next major movement. As you all remember, we are waiting for more bearish scenarios to occur near this zone, but let's see what we will get once we are near it!
Greed and Fear Index: Still Greedy and growing (72)
SPY Bullish Breakout! Buy!
Hello,Traders!
SPY is trading in an uptrend
And the price broke the key
Horizontal level of 460$
Which is now a support and
After the pullback and retest
I will be expecting a
Bullish continuation
Buy!
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Check out other forecasts below too!
BTC Macro UpdatesBTC make perfect Bearish Shark at 35900$ as i have already share chart regarding this.
As you can see BTC spot has no volume since March as mentioned in chart.
It is just manipulation and grapping liquidity
According to onchain analysis Upside liquidity has been grab almost 1.5B$ has been liquidate.Everyone is bullish now which means big move is coming.This senerio is remindering about recent crash when BTC touch 50k$ from 30k$ in May 2022.
Becaregul with your trade on larger tf.
Trendline has also been broken and just retesting here.
If BTC cross 37000$ with full candle it will invalidate this pattern.
This is macro analysis based on weekly tf.
If you like this kindly follow me and like this Idea
Thank you
$BTC dip on light volume, leveraged trades wiped out $150MWe mainly focus on the right side of the long vs shorts but let's look @ left side today, yes?
Longs were wiped out. Crumbled as can be seen by 1st pic.
In reality, who would leverage a BTC long here?
Back to the right side of the chart.
There's a tiny amount of shorts adding up.
#BTC volume is NOT heavy for such a dip, hmmm, curious.
Seems as if half that sell was gobbled up already.
Intraday #bitcoin = OVERSOLD
BTCUSDT Next big resistance
1. Current Trend : Bitcoin is currently experiencing a minor bullish trend, which means its price is gradually increasing.
2. Short-term Price Movement : There is an anticipation of a temporary pullback in Bitcoin's price. This pullback refers to a short-term decline in the price, which is normal in financial markets even during an overall upward trend.
3. Institutional Investment Strategy: The expected pullback is seen as a strategic opportunity for larger investors or institutions. These entities are predicted to buy Bitcoin during this dip in price, with the intention of investing at a lower cost.
4. Impact of SEC's ETF Approval: A key factor in this prediction is the potential approval of a Bitcoin ETF by the Securities and Exchange Commission (SEC). The approval of a Bitcoin ETF would likely lead to increased demand and higher prices, as it would make Bitcoin more accessible and legitimate to a wider range of investors, including those who prefer traditional investment vehicles.
5. Post-ETF Approval Scenario : Assuming the SEC approves the Bitcoin ETF, the prediction is that Bitcoin's price will see a significant increase. This rise would be fueled by the influx of new investors and increased mainstream acceptance.
6. Long-term Outlook: The long-term outlook for Bitcoin, post-ETF approval, is positive. As more institutions and individual investors gain confidence and invest in Bitcoin, its price is expected to stabilize at a higher level than its pre-ETF approval price.
In conclusion, this prediction sees a short-term pullback in Bitcoin's price as a strategic buying opportunity for institutions, leading up to a significant rise in value following the potential SEC approval of a Bitcoin ETF. This scenario is contingent on several factors, particularly regulatory developments, and thus carries inherent uncertainty typical of financial market predictions.
Bitcoin Near-Term Price TargetFuelled by its imminent ETF approval, Bitcoin broke past resistance at $28,000 and has seemingly begun a new bull market. For those of you who got in on this move, myself included, I have identified what I think will be a temporary top and a good place to take profit within the next 1-2 months.
On the 1W timeframe we can see the cloud edge to edge trade is in progress and typically price will reach the flat line at the top of the cloud, which is at about $42,000. This level is the 50% fibonacci retracement of the previous bull market high in November 2021, and the bear market low in November 2022.
Additionally the level roughly coincides with the top of the monthly bollinger bands which will act as resistance. Of note is that the bollinger bands are in the process of squeezing together, which occurs prior to a high volatility move.
Once we hit the $42,000 area and the ETF approval is officially announced, I expect that there may be a sell the news event as we have already been pumping on the rumour. Then there will be sideways for a few months until the halving. New chart patterns will likely form during this period, which will provide an opportunity for re-entry and a continuation of the bull market.
S&P 500 Equal Weight ETF (RSP) ~ December 4H SwingAMEX:RSP chart analysis/mapping.
RSP ETF rally representing S&P market breadth - offering legitimacy to overall market strength & further indication of healthy stock rotation, instead of "Magnificent 7" concentration.
Trading scenarios:
Continuation rally #1 = ascending trend-line (white) / descending trend-line (light blue) confluence zone.
Continuation rally #2 = multiple gap fills / 78.6% confluence zone.
Shallow pullback #1 = 61.8% Fib / ascending trend-line (green dashed).
Shallow pullback #2 = gap fill / 50% Fib / 200MA confluence zone.
Deeper pullback #1 = gap fill / 38.2% Fib confluence zone.
Capitulation #1 = descending trend-line (white) / gap fill / ascending trend-line (light blue) / 23.6% Fib confluence zone.
Dow Jones ETF (DIA) ~ December 4H SwingAMEX:DIA chart anaylsis/mapping.
DIA ETF on relative strength compared to recent SPY/QQQ performance, indicating potential market rotation.
Trading scenarios:
Continuation rally #1 = top range of Fib.
Shallow pullback #1 = ascending trend-line (white) / ascending trend-line (green dashed) / gap fill confluence zone.
Shallow pullback #2 = gap fills / descending trend-line (light blue) / 78.6% Fib confluence zone.
Deeper pullback #1 = Golden Pocket Fib / 200MA confluence zone.
Capitulation #1 = 50% Fib / ascending trend-line (light blue).
Capitulation #2 = gap fills / 38.2% Fib confluence zone.
Capitulation #3 = gap fills / 23.6% Fib confluence zone.
Russell 2000 ETF (IWM) ~ December 4H SwingAMEX:IWM chart analysis/mapping.
IWM ETF rally off late October lows on market expectations of the end to Fed rate hikes.
Trading scenarios:
Continuation rally #1 = multiple gap fill / 38.2% Fib / upper range of parallel channel (green) confluence zone.
Shallow pullback #1 = 23.6% Fib / horizontal line (light blue dashed) confluence zone.
Deeper pullback #1 = lower range of parallel channel (green) / 200MA confluence zone.
Capitulation #1 = re-test ~163 bottom.
Nasdaq 100 ETF (QQQ) ~ December 4H SwingNASDAQ:QQQ chart analysis/mapping.
QQQ ETF in consolidation phase after strong November rally.
Trading scenarios:
Further consolidation = descending trend-line (light blue) / multiple EMA confluence zone.
Continuation rally #1 = top range of Fib / ascending trend-line (green) confluence zone.
Shallow pullback #1 = 78.6% Fib / 200MA confluence zone.
Shallow pullback #2 = descending trend-line (white dotted)\
Deeper pullback #1 = gap fill / ascending trend-line (green) / Golden Pocket confluence zone.
Capitulation #1 = 50% Fib
Capitulation #2 = 38.2% Fib / gap fill / ascending trend-line (light blue) confluence zone.
Capitulation #3 = 23.6% Fib
S&P 500 ETF (SPY) ~ December 4H SwingAMEX:SPY chart analysis/mapping.
Spy ETF strong rally throughout November - is it due for a pullback in December?
Trading scenarios:
Continuation rally #1 = gap fill / ascending trend-line (white) confluence zone.
Shallow pullback #1 = descending trend-line (light blue) / 78.6% Fib confluence zone.
Shallow pullback #2 = Golden Pocket / descending trend-line (white) / 200MA confluence zone.
Deeper pullback #1 = ascending trend-line (light blue) / 50& Fib / gap fill confluence zone.
Capitulation #1 = multiple gap fills / 38.2% Fib confluence zone.
04/12/23 Weekly outlookLast weeks high: $40446.2
Last weeks low: $38576.9
Midpoint: $36707.5
Going into the final month of the year BTC continues its march into the 40k region after flipping 38.5k (Midpoint) as new support. After the 5th attempt at flipping the key area bitcoin finally managed to breakthrough and with that a surge towards and beyond 40k soon followed.
42K is a huge HTF level for BTC, major reactions in price movement often start at 42k and so it's prone to volatility. During the 2020-2021 Bullrun price bounced off 42k as resistance on the way up, then it was support on the way down multiple times throughout that cycle. Currently there is a large bearish Orderblock located there and so I would predict that only a huge news event/ ETF approval or the halving itself would push us safely beyond this and claim it as new support.
For now I am very hesitant to open any new longs, either we consolidate at the current level under major resistance in which case this is a great time to take profits and look to make plans to rebuy lower down as price drops off.
For this week I'm looking at where I can get entries going into the new year, the ETF approval is on the horizon along with the halving. Binance has in a way been cleansed and so there really isn't anything holding back a full scale Bullrun.
Half the supply & many times more the demand, thanks to BlackRock and other investment groups. We may only get one or two more opportunities for a great entry on a 2 year hold.
Everything is possibleYou don't have to tell me this is ridiculous...
You don't have to tell me this move up is because of ETF ...
They can do whatever they want to do...
EVERYTHING IS POSSIBLE...
Story repeats itself- i have to post this chart.
- it seems some peoples didn't get what i posted in one of my older chart.
- i will post this chart in comments.
- Remember this is not a price prediction.
- Everything is just about comparing the past and the present.
- in 2018-2019 BTC was fluctuating in bearmarket with 4 Digits.
- Now BTC is fluctuating in bearmarket with 5 Digits.
- We are evolving in a different trend.
- All in graphic and hope you get the idea.
Happy Tr4Ding !
Market Update - December 1 2023
Bitcoin climbs as SEC speeds up spot bitcoin ETF review process: Bitcoin (BTC) continued to grind higher this week, reaching a new yearly high of over $38.5k, as market participants continued accumulating BTC ahead of the potential ETF approvals at the start of next year. The SEC announced it would open the comment period for its review of applications submitted by asset manager Franklin Templeton and crypto-native firm Hashdex, leading to speculation that the regulator may be lining up “every applicant up for potential approval by the Jan 10, 2024 deadline.” Investors continued to accumulate BTC, including an unidentified whale that has been gaining attention after purchasing ~12k BTC, worth more than $450 million, over the past month. Microstrategy also announced that it bought another ~$600 million worth of BTC in November, bringing its total holdings to 174,530 BTC.
Federal Reserve Governors appear to diverge on interest rate hikes ahead of December meeting: The Federal Open Market Committee (FOMC) is set to have its last meeting of the year on December 13, with the market widely expecting rates to remain unchanged. On Tuesday, two separate speeches from Federal Reserve governors differed on how they see the path forward on inflation and interest rates. Fed governor Michelle Bowman suggested that more rate hikes may be necessary to bring inflation back down to 2%, and notably hawkish Fed governor Christopher Waller appeared to ease his stance, suggesting that more hikes are not needed.
USTC and LUNC skyrocket amid Binance perps listing and airdrop news: Following rumors that there may be a Terra Classic USD (USTC) revamp backed by bitcoin and news that Binance would be a USTC perpetuals listing, USTC and LUNC unexpectedly gained investor attention this week.
FTX estate given approval to sell off trust assets: The FTX bankruptcy reached a key milestone this week as the estate was granted approval to sell its trust assets worth roughly $873 million at current prices. The added supply from these sell orders could cap price action for some of the assets. Notably, Solana (SOL) continued its rally to ~$60 despite FTX rumored to be selling SOL from its estate in early November.
🏛️ Topic of the Week: Interest Rates
➡️ Read more here
$ETH lowest amount of shorts & trying to climb higherCRYPTOCAP:ETH on the other hand has the LOWEST amount of shorts in a LONG TIME!!!
Daily it looks like $BTC. At least in the sense that it wants to push a little bit higher.
#ETH targets are in the 2500-2600 & 3k area.
IF #ethereum can break above the Major Resistance right above, 2300ish area, it's off to the races!!
#crypto
$BTC still range bound BUT shorts begin to pileGOOD MORNING!
CRYPTOCAP:BTC is maintaining its trend very nicely.
The RSI is still range bound.
1Hr #BTC does not show anything out of the ordinary.
What is out of the ordinary are the increase in shorts lately.
HOWEVER.......
They're nowhere near the nose bleed levels from earlier in the year and at the end of last year.
#Bitcoin moving higher could very well FORCE a nice pump.
#crypto
$BTC slow climb to 40k areaGOOD MORNING!
MIL:BTC is slowly creeping up towards the very important 40k level.
#BTC volume is satisfactory on buys vs sells.
#Bitcoin has been trending UP the red moving avg since Oct 16.
IMO, keep eyes on RSI. Will have an idea by which side ends up breaking out.
The money flow is still ok, for now.
40k area is very important. There will likely be some sort of pullback there.
🔥 Bitcoin Fractal Predicts MASSIVE Pump 🚨Over the last few week's I've been continuously posting bullish analyses with a 2023 target of 40,000$. However, this fractal might suggest that we can reach even higher than that, maybe even 50,000$?
The fractal is simple, a low-volatility bullish channel (higher-highs and higher-lows) after a big pump. The previous two times that this has happened, a big pump of around 50% occurred. Only thing that we're waiting for now is the definitive bullish breakout.
Keep in mind that the market often rhymes. With a bullish stock market and ETF's on the horizon, we could be seeing a big pump in the near future.
Share your thoughts in the comments 🙏
$BTC still chugging alongRSI is good to see exhaustion, strength, and other signs.
HOWEVER
Like ANY indicator, it's just a HELP & should NEVER be the basis of a trade.
Here's a perfect example.......
Looked as if weakening but CRYPTOCAP:BTC keeps going & slowly gets closer to 1st target we called some time ago.
RSI didn't break 50 & this is a HUGE win for #BTC bulls!
#Bitcoin buys still > sells, seen easier on 4Hr chart.
Bitcoin (BTC) Price to Hit $40K After Current PullbackBitcoin (BTC) price is on pace to rebound toward the $40,000 price target after the current corrections according to Wolfe Research.
The current pullback in the price of Bitcoin (BTC) might be the set-up for a bullish move according to insights shared by Wolfe Research, a renowned Markets Analytics platform. Per Wolfe Research’s thesis, the bearish correction being experienced presents a good buying opportunity.
Bitcoin (BTC) Price Offers Risk-Reward Scenario
The month of November has been quite eventful for Bitcoin (BTC) seeing the premier cryptocurrency soar as high as $38,400 on November 24 as the confluence of positive fundamentals triggered the bull’s intensive buyback.
With the coin putting its strong foot forward in its frantic pace to end the month on a positive note, bearish pressure has prevented the push to keep the price above the psychologically important level of $40,000. The series of drops presents a buying opportunity that can give a good reward for those who can afford the risks.
The $40,000 immediate price level projected by Wolfe Research is obviously not too ambitious for Bitcoin to attain. The last time Bitcoin (BTC) price touched this level was 12 May 2022, and with conditions generally improving in relation to regulations and adoption, the chances for revival are high.
One underlying characteristic prevalent in the market is the sustained luster of Bitcoin’s most dogged institutional buyers. Top on this list is MicroStrategy Incorporated, the blockchain payments first that has continued to increase its BTC holdings.
While Wolfe Research’s projections are a fair estimation, more bullish predictions have been shared by other analysts in recent times.
Bitcoin ETF and Halving Sentiment
Two major trends the market is looking forward to that can drive the price of Bitcoin (BTC) is the sentiments around potential approval for a spot Exchange Traded Fund (ETF) product tracking the asset from the United States Securities and Exchange Commission (SEC)
With the likes of BlackRock, Fidelity Investments, VanEck, and Bitwise in the race to get their products approved, Bloomberg Analysts have maintained their 90% probability of securing approval for the cryptocurrency. Should this approval be secured, it will usher in institutional capital and help drive the price of Bitcoin to new highs.
The sentiments surrounding the upcoming Bitcoin halving event are also another one that can shape the way the market embraces BTC in the coming months. Slated for April, the system reward will be slashed from 6.25 BTC to 3.125 BTC, effectively reducing the rate of emission of the premier cryptocurrency, solidifying its deflationary status, and potentially enhancing its price growth moving forward.
