Divergence Spotted 4H chart The price meeting the support at 98000, where we can see the divergence spotted with the RSI decline lows and the BTC price lows increase.
sign for buy long for the 4H chart, daily Chart, price is going down.
BTCUSD.P trade ideas
Despite pullback, Bitcoin holding upward trendline.Looking good so far. Waiting for RSI to reset.
Risk of breakdown still exists down to 98-100k range.
bitcoin bearish third wave probably is underway bitcoin complete its bullish phase and it is very very near to bearish phase and the biggest bearish wave that is wave 3 of 3 is probably underway . if bitcoin goes 103000 usd or above this analysis may be incorrect and the best price for last leg of this correction showed on chart is 101000 usd .
Are we just getting a bull trap for $BTC?That is the Christmas spirit. Looks like we've been bull-trapped.
Hopefully this will not last and our demand zone will prevent this correction.
For now there's nothing we can do about it except watch it.
Stay safe.
Be kind to the world and each other!
Daily Analysis of Bitcoin – Issue 237The analyst believes that the price of { BTCUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
TEFOREXADVENTURE | BTCUSD BEARISH OUTLOOKbtcusd break te up trend line thats why now i focus on sell trade guys
TRADE SETUP
sell zone 95,700.00
stop loss 96,700.00
1target 94,700.00
2target 92,700.00
follow this setup with proper money management guys
guys if you like my work please support me through like , comments and follow
Bitcoin’s Christmas Trap: Be Cautious🚨 Bitcoin’s Christmas Trap: Be Cautious 🚨
CRYPTOCAP:BTC Alert
As the festive season unfolds, Bitcoin has soared to an impressive $95,233.00. While this rally might spark excitement, investors should tread carefully. History warns us of Bitcoin’s holiday volatility, where quick gains can be followed by dramatic drops.
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🔍 Key Insights to Keep in Mind:
1️⃣ ⚡ Market Volatility:
The crypto market is notorious for its unpredictability. Rapid price surges often precede steep corrections.
2️⃣ 📈 Historical Trends:
December has been a rollercoaster month for Bitcoin, with sharp gains sometimes overshadowed by sudden sell-offs.
3️⃣ 🌎 External Influences:
Global economic shifts, regulatory updates, and investor sentiment can swing Bitcoin’s price unexpectedly.
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💡 Tips for Smart Investing:
🧠 Stay Updated:
Keep a close watch on market news and trends to make informed choices.
📊 Diversify Wisely:
Spread your investments across various assets to reduce risks.
⏳ Avoid Impulses:
Resist making hasty decisions based on short-term price movements.
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📌 Final Thought:
While the holiday season might inspire optimism, approach Bitcoin investments with caution. Align your decisions with your financial goals and risk tolerance.
Stay sharp, stay safe, and invest wisely!
Key Levels Overview for the Week 12.2024(23-29)Key Levels Overview for the Week🔳🔲12.2024(23-29)🔳
Dynamic Supports🔀
When the price is outside the range where pivot points are located, levels drawn in previous weeks can be used for assistance.*
Dynamic Resistance🔀
103000
102000
101000
100000
Mid Pivot (🐂bull&bear🐻 zone ch trend)
120444
110999
101444
range of supply and demand
101777
107888
114000
Bears showing up !? 🚨 Bitcoin Bears Tighten Their Grip: What’s Next for the King of Crypto? 🚨
CRYPTOCAP:BTC
The bears are back in full force, and Bitcoin is under pressure. Recent price drops have rattled the market, leaving traders wondering: what lies ahead for the world’s leading cryptocurrency?
🔍 Key Observations:
Bearish Momentum: Bitcoin's recent performance signals a growing bearish sentiment among traders.
Market Dynamics: Global economic uncertainty, interest rate speculation, and ongoing regulatory debates are adding weight to BTC's shoulders.
Support Levels: Bitcoin is teetering on key support zones—will it hold firm, or are deeper corrections imminent?
💡 How to Navigate This Market:
1️⃣ Stay Informed: Keep a close eye on critical price levels and market updates.
2️⃣ Risk Management: Diversify your portfolio and set stop-loss orders to safeguard your investments.
3️⃣ Long-Term Perspective: Remember, Bitcoin has endured—and bounced back from—similar downturns in the past.
The crypto market thrives on resilience. Is this dip a golden buying opportunity, or will the bears take full control?
💬 Drop your predictions and strategies in the comments below!
El Salvador's Bitcoin ReserveElSalvadorBTCReserve : El Salvador's Bitcoin Reserve
El Salvador’s bold decision to embrace Bitcoin as legal tender has captured global attention, and its Bitcoin Reserve is now making waves. Here’s the latest:
📈 Bitcoin Reserve Growth
El Salvador continues to strategically accumulate Bitcoin for its national reserve, reinforcing its commitment to cryptocurrency and its long-term potential.
💡 A Strategic Economic Move
By holding Bitcoin, the country aims to leverage potential price appreciation, a strategy that could transform its financial system and influence global crypto adoption.
🌍 Global Ripple Effect
As a trailblazer in adopting Bitcoin as legal tender, El Salvador might inspire other nations to explore similar paths.
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🚀 What’s Next?
🔄 Continued Accumulation: Will El Salvador keep adding Bitcoin during market fluctuations?
📊 Market Impact: How could this growing reserve influence Bitcoin's global price dynamics?
As El Salvador’s Bitcoin journey evolves, the world watches to see how this bold experiment shapes the future of cryptocurrency adoption.
superlong for newbie welcome to crypto this are the reasons why im still bullish and hoping that this month will close green
1.we bounce exactly at tested strong support and acting as 0.382
2.ema 50 respected
3.hidden bullish contenuation divergence
4. blackrock add more coins this during this flash sale
last inverse head and shoulder pattern bullish pattern is about to break out anytime
possibility of uptrendConsidering the price behavior in the current resistance range, the downward trend will likely continue
If the price breaks through the resistance range, the upward trend will likely continue
A small bump for BTC, a giant drop for MSTRThe difference between 1st support and 3rd support of COINBASE:BTCUSD is 4%. The same difference in support areas for CAPITALCOM:MSTR is 30%. Should 1st, and 2nd support break, CAPITALCOM:MSTR is in big trouble..
Navigating the Current Market Turbulence: A Crypto and Stock MarBitcoin is currently trading at approximately $102,200, reflecting a decrease of 2.36% over the last week. Despite a brief rally reaching highs of $108,367.38, the digital currency has faced selling pressure. The Relative Strength Index (RSI) remains above 65, indicating that BTC might still be overbought, while the Moving Average Convergence Divergence (MACD) suggests bearish momentum could persist.
Investors should be cautious as the market shows signs of volatility. For cryptocurrencies, monitoring RSI and MACD indicators can provide insights into potential buying opportunities.
Elliott Wave View: Bitcoin (BTCUSD) Has Reached Inflection AreaShort Term Elliott Wave View in Bitcoin (BTCUSD) suggests rally from 6 September 2024 low is in progress as a 5 waves impulse. Up from 6 September, wave 1 ended at 66508 and dips in wave 2 ended at 58867. The crypto-currency has extended higher in wave 3 towards 103647 as the 1 hour chart below. Pullback in wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 97917 and wave ((b)) ended at 99577. Wave ((c)) lower ended at 92310 which completed wave 4 in higher degree.
Bitcoin has resumed higher in wave 5. Up from wave 4, wave ((i)) ended at 101251 and wave ((ii)) pullback ended at 94249 as a zigzag structure. Down from wave ((i)), wave (a) ended at 98752 and wave (b) ended at 101407. Wave (c) lower ended at 94249 which completed wave ((ii)) in higher degree. The crypto-currency has extended higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 102582 and pullback in wave (ii) ended at 99250. Wave (iii) higher ended at 107821. Pullback in wave (iv) is in progress as an expanded flat before it turns higher again. Near term, as far as pivot at 92310 low stays intact, expect dips to find support in 3, 7, or 11 swing and the crypto-currency to extend higher.
$BTC pre-rally retraceThe overbought state of the #SP500, the upcoming #Fed's #RateCut decision risk and the buy the rumors sell the facts philosophy along with pre-seasonal profit taking could send the price of #Bitcoin as low as $102K.
In addition, the CRYPTOCAP:BTC liquidation map shows a total of ~$2 billion in highly leveraged bullish positions from the $102K price level. Those have to be erased before we can go higher.
BTCUSD - Am I Underestimating the Bulls? Following this channel the prediction allows a 3M Bitcoin which is a bit crazy but could it happen?
Its still within the long term channel up and is the top point of this channel
Weekly timeframe
Anyone want to add some thoughts? Perhaps a rise of 4800% is too much?
BTCUSD US Election Rally Buy BTCUSD @ 67500 - 67200👾BTCUSD💵 US Election Rally
💎Buy BTCUSD @ 67500 - 67200💎
Tuesday 11/05/2024 07 PM
66600 StopLoss —>
67550 BreakEven+
Scalp
TakeProfit 1: 67700
TakeProfit 2: 67900
TakeProfit 3: 68100
Daily
TakeProfit 4: 68300
TakeProfit 5: 68500
Swing
TakeProfit 10: 69500
TakeProfit 20: 71500
TakeProfit 30: 73500
Position
TakeProfit 50: 77500
TakeProfit 100: 87500
TakeProfit 200: 107500
TakeProfit 300: 127500
Richard Eyo ~ The Wizard 🧙♂️
BTC BULLKey Observations:
Uptrend Confirmation:
Bitcoin has maintained a clear bullish structure, printing consecutive higher highs and higher lows since the start of 2023.
The parabolic move from the $49,000 breakout has led to a sharp rally toward $106,869 (current level).
Key Support and Resistance Levels:
Support:
$100,000 - Key psychological support
$73,835: This is the previous major resistance that has now flipped into support. If BTC pulls back, this level will be critical for maintaining the bullish structure.
Resistance:
No significant overhead resistance exists as BTC is in price discovery. Key psychological levels like $120,000 and $130,000 could act as magnets for price.
Volume:
Volume has been increasing alongside the rally, confirming that this move has strong participation and is not purely speculative.
Sustained volume at higher prices is a bullish sign that the breakout has conviction.
RSI Analysis:
The RSI is currently in the overbought territory (above 70), sitting near 80.
Historically, in bull markets, weekly RSI staying elevated for an extended period is common, so overbought conditions don’t necessarily mean an immediate reversal.
Moving Averages:
50-Week SMA: Trending sharply upward and currently around $73,000, reinforcing it as a key support level.
200-Week SMA: Sits far below around $49,000, marking the long-term bull/bear cycle boundary.
Key Thoughts:
Parabolic Move and Healthy Pullback:
Bitcoin’s sharp rally suggests we are entering the euphoric stage of the bull market, where strong upward moves can happen in a short period.
However, parabolic moves often lead to steep pullbacks for reaccumulation. A retest of the $73,835 support zone would be healthy and expected.
4-Year Cycle Alignment:
This move aligns with the Bitcoin 4-year halving cycle. Historically, BTC experiences significant upward momentum in the year leading up to and after the halving.
If the pattern holds, Bitcoin could target new highs over the next 6–12 months.
Price Discovery Mode:
With BTC breaking above all historical levels, there is no technical resistance to cap price movement.
Psychological levels such as $120,000 and $150,000 could act as round-number resistance targets.
Bitcoin remains firmly bullish on the weekly chart, with price discovery underway and no historical resistance. While short-term overbought conditions suggest caution, the macro uptrend remains intact as long as BTC holds above $73,835. Dips into key support zones should be viewed as buying opportunities. Long-term targets include $120,000–$150,000 if the 4-year cycle continues to play out.
BTCUSD is setting up for next bullish cycle Hi there,
BTCUSD is setting up for next bullish cycle. Bearish cycle is almost over and its setting up for next bullish wave which can break above the previouse high.
Watch lower time frame and start building your long positions.
Good Luck
BTCUSD BUY 104000On the 4-hour chart, BTCUSD maintains an upward trend. Currently, we can pay attention to the support near 104,000. If it stabilizes at this position, we can consider continuing to buy. The upper resistance is around 110,000. If the price falls below the support near 99,220, it will start to pull back.
BTC Cycles & TA: 12/16/24 Two Important Dates coming upWe are approaching the end of this Bull and now the cycles, charts, and indicators are signaling the top is either here or we are in the final topping stages. Watch entire video to see what the charts are saying. This is one of my longest videos, but I think you will appreciate all the information it has.
BTC possible 30% correction before real bull run in early 2025.BTC is looking quite ready for a correction down to previous ATH. A possible $69-72k wick down, I expect $75-79k to be the actual bottom once the bottom is in, there will be serious buy pressure at these ranges.
Until the rising wedge breaks down, this is NOT confirmed, I personally don't want to see this for the holiday season. Would much rather see Green candles, BTC sideways and ALT's flying!
Monitoring closely for a short. (Hedge)
