BEARUSD trade ideas
Give market more timeMorning folks,
Just we've stopped talking about downside reaction on 102K target - it immediately has happened. As we're going slowly to Xmas time, managers and investors start thinking about holidays and payouts. So, activity on the market will slow.
Second is BTC is overbought on monthly chart and completed major target. Such a combination tells that it should be either down or sideways action in nearest time. Since monthly is very big time frame, reaction might be extended in time. So, we just need to do market time to express this reaction. It now stands in release stage.
So, the first thing - we should not hurry up with a new position, no matter in what direction. Do you see something interesting here, on 4H chart? That's it and I see nothing.
Second is - we should wait for clear patterns without any worry that we will miss the chance. Patterns should be extended and well recognisable, such as H&S on daily for example:
Or something of this kind. So, be patient.
By the end of this year, Bitcoin will grow only slightly more.Bitcoin is at the end of a two-year uptrend and the $110,000 range is the end of this trend.
The impact of Trump's election on Bitcoin's growth will be before he enters the White House.
After that, we will have a 3-4 month downtrend.
The current price of Bitcoin is around $100,600
I will post an analysis of the downtrend after reaching the $110K range.
@JalilRafieefard
December 07, 2024
BTC to 37k in my personal biasBtc seems to be keen on retesting the 37k support zone as shown in the above chart, should this setup playout i will be longing.
#btc #btcusd #elliottwave long buy setup wave 3 9Dec24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Bitcoin (BTC): Price Moved From $105K to $90K / Possible Drop??On a daily timeframe, we are looking to see today's candle close at least below $99K, which would give us a possibility to form another candle with aggressive pressure from sellers, where then we will be looking to see the bigger move that we have been looking for.
What is interesting there is the candle that was formed on the 5th of December, where after touching the new ATH zone of $104,500 we had a quick dip to $90K, which showed the need for liquidity grab.
So we took it as a first sign of weakness and possible target zone to be reached for many buyers who been waiting for $100K.
Now it is time to see some proper corrections so all eyes on BTC!!!
Swallow Team
It's all a matter of perspectiveSo many people have tried to short this bull run its appalling
use Alt + i
It helps to see things in a way that's beneficial. Psychologically it also helps.
Bitcoin (BTC): Waiting For Final Confirmation!On a daily timeframe we are waiting for that waiting zone to be broken fully and secured by sellers, where as of now we have been just testing the grounds there.
As soon as we see the break of this zone, we will be looking for a further movement to the final correctional movement.
This would be the most ideal setup and if we reach the lower zones near 200EMA, this would be 100% zone where we would buy everything on the way!!!
Swallow Team
$Bitcoin other insightThe more I look at the charts the more positive I start to become. On the RSI index I see changes in effect on almost all charts in the higher time zones. Bottom hit and trend crosses.
Have we now hit the bottom with MARKETSCOM:BITCOIN ? and completed a first wave, as it were?
I live in the Netherlands and in the past 2 weeks we have only had rain and gray weather. I now look outside and see a clear blue sky with the sun in my face. Could this be a sign?
Be kind to the world and each other!
BITCOIN Will Go Up! Long!
Take a look at our analysis for BITCOIN.
Time Frame: 17h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 95,774.
The above observations make me that the market will inevitably achieve 103,155 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
BITCOIN Bearish Breakout! Sell!
Hello,Traders!
BITCOIN has formed a
Bearish flag pattern and
Then made a breakout and
A retest and now we are
Seeing a move down again
So we are locally bearish
Biased and we will be
Expecting a further move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Bullish tendency is broken 101-102K for sellingMorning folks,
So, BTC was not able to stay above predefined support area and drop right back to the daily 92-95K level. It means that existing bullish context on daily chart is done. In general, this is reasonable - we're going to the Xmas Holidays and inauguration. There are a lot of uncertainty with coming D. Trump policy. Especially when JPowell said that the Fed doesn't intend to own any BTC... so inner conflict is ready.
So, retracement might be deeper in nearest month. Since BTC is overextended down a bit, the first thing we expect upside technical bounce, somewhere to 101-102K area. Then, if we're correct in our analysis, downside reversal should happen with potential H&S pattern.
$BITCOIN with substantiation and drawingMaybe it's a bit of a busy drawing. But I wanted to show why I think we may be correcting and why this is very healthy for the bull market.
It seems that after the larger correction we have now completed 5 waves and we also have to correct this wave. That is the phase we seem to be in now.
Now I have 2 expected positions where the correction can go. I think that we will not correct very deeply and will therefore not reach 50%, but that we will correct up to fib 618. So possibly just under 90k.
Unfortunately, no Christmas run is expected. But just a super healthy correction that we don't have to worry too much about.
The altcoins also seem to be less willing to participate and we seem to be settling in for the bull run.
Be kind to the world and each other!
bitcoin multiple 1-2 in last 5th wave in textbook impulse ideaafter that abc flat to troll so much people people into thinking 200k.
this scenario is for me only realistic with the timing and probabilites in EW.
A wave woud be impulse to flash all the retail, b flat to exactly 4year cycle TOP in october, and c some sell the news event with reccesion or war which would be bear market for 365 days
85,842 entry + adding to position at 80k which is supported by lot of npocs
invalidation .618 log where i would sell 60% and sold 30% after bounce from 618 and ATH
first TP - w5 targets area(from 108k to the low created)
second TP - 128k (common this cycle w5 target)
third TP - these boxes
142-159k from comparing previous cycle post halving gains the number was only decreasing from 30 to 24 which would lead this cycle around 20, of course its only speculation. After 160k would be this data invalidated.
140-152k strong fibonacci confluence
Uptrend Channel BreakdownWill this channel decisively break down? Or will it bounce?!
It's a stable uptrend channel... started the 12th of november...
Will it hold?
Take your positions; bulls or bears!
-------
CO
BITSTAMP:BTCUSD
downtrendThe downtrend is expected to continue to the specified support range. Then, considering the price behavior in this range, possible scenarios have been identified.
Bitcoin in lower timeframes (4H)Bitcoin appears to be within a "Trading Range" on lower timeframes.
Within this range, a bearish "QM" (Quasimodo) pattern seems to have formed. To complete the right shoulder of this QM, the price may need to rise to higher levels (red box).
It could move from the green box up to the red box.
Generally, during the year-end holiday period, many large and small traders need cash and sell part of their assets, causing a mid-level correction in the market. During these days, the market seeks liquidity hunts and fluctuations within a specific range. At this stage, it's advisable to reduce the number of your trades and avoid futures trading to some extent.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTC analysis Its time for correction!!
Bitcoin has began a downward trend that seems to have concluded at $92,400 on the 1-hour timescale after resisting and setting a new all-time high of $108,230.
The market is, nevertheless, at a pivotal juncture. Bitcoin is likely to remain positive if it breaks $101,200, and negative if it is unable to keep above $96,277.
demonstrating that this reduction was only remedial. If not, a break below $96,277 would indicate a chance to short. However, prudence is urged; swiftly acquire gains and refrain from greed.
Entry1: 99,000
Entry2 :"97,000
Entry3 96,000
Tp1: 92,500
TP2: 88,000
TP3:80,000
Bitcoin - Bitcoin went below $100,000!Bitcoin is below the EMA50 and EMA200 in the four-hour time frame and is trading in its ascending channel. Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. Bitcoin sell positions can be looked for in supply zones.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.
Following hawkish remarks from Federal Reserve Chair Jerome Powell, Bitcoin (BTC) plummeted from its peak of $108,135 on December 17 to below $95,000. Powell’s comments, which signaled the Fed’s ongoing battle against inflation, triggered a sharp selloff in the cryptocurrency market. He indicated that only two interest rate cuts might occur in 2025, as opposed to the four cuts previously anticipated.
Additionally, the Federal Reserve revised its 2025 inflation forecast from 2.1% to 2.5%. Even the 2026 forecast stands at 2.1%, exceeding the central bank’s 2% target. This suggests that inflation could persist for another two years, compelling the Fed to keep interest rates elevated for longer than initially projected.
Bitcoin ETFs, after experiencing 15 consecutive days of capital inflows, saw an unprecedented $680 million outflow on Thursday. This trend continued into Friday, with an additional $270 million withdrawn. Cryptocurrency investors, reacting to the Fed’s decision to slow monetary easing next year, moved substantial capital out of the market.
In the United States, Bitcoin ETFs have surpassed gold ETFs in assets under management (AUM). Despite gold ETFs’ 20-year history, Bitcoin ETFs now manage $129.3 billion, compared to $128.9 billion for gold ETFs.
MicroStrategy, a company renowned for its massive Bitcoin holdings, successfully entered the Nasdaq index. With 439,000 Bitcoins valued at $42.64 billion, the company controls approximately 2% of the total Bitcoin supply. This milestone highlights MicroStrategy’s strong position in the Bitcoin market and has boosted its stock price (MSTR) to $364.20. The company’s innovative strategy of leveraging Bitcoin as a growth asset showcases a unique approach in the financial world.
Bitcoin’s volatility has steadily decreased in recent years. By October 2024, its monthly volatility had dropped to 11%, lower than that of high-profile tech stocks like Tesla (24%), AMD (16%), and Nvidia (12%).
Arthur Hayes, the former CEO of BitMEX, recently shared his outlook on the cryptocurrency market. He predicted a “horrific collapse” around the inauguration of U.S. President-elect Donald Trump on January 20, 2025.
Hayes wrote, “The market believes Trump and his team can deliver immediate economic and political miracles,” but pointed to a gap between investor expectations and the “absence of quick, viable policy solutions.”
Hayes forecasted that implementing changes to cryptocurrency policies would likely take far longer than the market anticipates. He added, “The market will soon realize that Trump, at best, has only a year to execute any policy changes in or around January 20. This realization will trigger a massive selloff in cryptocurrencies and other Trump-related trades.”
He also predicted that a “steep decline” would occur around Trump’s inauguration day, followed by a “crack-up boom phase” in late 2025. This phase, typically seen after financial crises, is characterized by rapid price increases, high inflation, and financial instability.
Bitcoin Price Target
If Bitcoin loses the 90K region there will be a measured move to 73-76k area. I get this from the high to the support area which places BTC at 73k area. This aligns with several Altcoins that have measured moves back to pre-election. This makes total sense to me that the market will revert to pre-election for a major fake-out.
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BTC Scalp longBTC price has now made a HL after that last dip.
Long scalp opportunity here to long any small retrace as long as it doesn't take out the previous low circled. Trade invalidated if it loses the low except if it just wicks below to take liquidity then pumps back up.
Similar to the long entry on the chart.
Possible target : 2 equal lows in h4 at around $92kI think that the price of the bitcoin could go to GETTEX:92K because there are 2 equal lows that you can see on this chart at approximatively $92000.
"Equal lows refer to a situation in trading where two or more price lows are at the same level or very close to each other on a chart. This concept is significant because it indicates a potential area where liquidity is resting. In trading, liquidity refers to the availability of buy or sell orders at a particular price level. When equal lows are present, it suggests that there are likely many stop-loss orders from traders who are long (buying) positioned just below these lows. This creates a pool of liquidity that can be targeted by the market."
