#btc #elliottwave long buy setup wave 5of3 20Dec24This 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.
BULLUSD trade ideas
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.
Bitcoin’s Journey to $108K?: Trends, Insights, and What’s Next"Crypto is like a rollercoaster: thrilling on the way up, terrifying on the way down, and you never really know when the ride ends."
1. Price Volatility: The CRYPTOCAP:BTC Rollercoaster
Bitcoin ( CRYPTOCAP:BTC ) recently hit an all-time high of $108,000 before pulling back to $104,000. Analysts are split—is this a correction or a temporary pause before another leg up?
Volatility is Bitcoin’s DNA. It’s what attracts both the thrill-seekers and the skeptics.
2. Institutional Interest Driving Supply Squeeze
Big players are loading up. Institutions are buying at scale, tightening supply, and fueling price surges. Riot Platforms, among others, continues stacking Bitcoin, signaling growing confidence in $BTC.
When institutions dive in, they’re not just buying coins—they’re buying the narrative of Bitcoin’s future.
3. Market Predictions: Wild Speculations
The Bitcoin crystal ball is hazy. Forecasts range from $160,000 to $500,000 depending on market conditions and legislation. Others warn of a potential dip to $100,000-$102,000.
Crypto predictions are like weather forecasts: everyone has one, and they’re rarely 100% right.
4. Criticism and Debate: The MicroStrategy Playbook
MicroStrategy’s leveraged Bitcoin buys have critics, like Peter Schiff, raising alarms about sustainability. Bitcoin believers counter with long-term growth arguments.
Love it or hate it, MicroStrategy’s strategy is bold. But bold doesn’t always mean bulletproof.
5. Whale Movements: Mt. Gox and Beyond
Massive Bitcoin transfers by entities like Mt. Gox are happening, yet the market holds firm. This resilience showcases robust holding sentiment among whales.
Whales are moving funds, but the waters remain calm. A sign of a maturing market?
6. The Bullish Sentiment on X
X users are overwhelmingly bullish. Many cite institutional adoption, CME gaps, and The crypto crowd is optimistic, and with Bitcoin, optimism often leads the charge.
7. Is Bitcoin Still Worth the Hype?
Bitcoin’s volatility is both its allure and its risk. Institutional interest, strong holding sentiment, and the halving provide reasons for optimism, but corrections are part of the game.
The question isn’t whether Bitcoin will grow—it’s how wild the ride will be.
Bitcoin Outlook after the Dip. What to expect NOW?if Bitcoin cannot hold the $130,000 range, the price could drop to around $100,000 or even lower. After that, it can continue its growth again.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTC Target HnS and RbSAfter a significant decline, BTC has the potential to rebound. Once the Head and Shoulders (HnS) target is reached — with the full length of the Head already achieved — there is potential for a Reversal by Support (RbS) in this area, as previous price corrections occurred multiple times at this level.
Sorry Moonies we are going down... Alt Coin Season coming!Sorry moonies, Bitcoin is likely entering a Wave 4 correction within the larger Wave 5 structure, as per Elliott Wave theory. I raised this back in December 15th, and while this may bring short-term downside, it opens opportunities for Altcoin Season, as capital shifts from Bitcoin to alternative cryptocurrencies during this correction.
Elliott Wave Context:
Elliott Wave Context:
Current Position: Bitcoin is completing Wave 5 but must correct into Wave 4 before continuing to finalize the broader Wave 5 structure.
Wave 4 Correction Zone:
Elliott Wave theory suggests 70% of Wave 4 corrections retrace to Fibonacci levels between 38.2% and 61.8%.
As per my charts you can see the zones to be targetted.
Altcoin Season Opportunity
Bitcoin Dominance Decline:
The good news is that as Bitcoin retraces, dominance is likely to decrease, allowing capital to flow into Altcoins marking the much anticipated alt coin season.
Supportive Indicators for Wave 4 Correction:
Bearish Divergence:Visible on both weekly and daily charts. A divergence between price action (higher highs) and RSI (lower highs) indicates weakening momentum.
Stochastic RSI: Overbought on both weekly and daily timeframes. Bearish crossovers on both timeframes reinforce the likelihood of a downturn.
RSI Levels: RSI on the weekly is high; a healthy correction would allow it to reset before the final leg up.
Entry Strategy:
Re-entry Signal: When stochastic RSI turns bullish on the weekly I will look for entry points on the daily charts.
Confirmation: Ensure price action aligns with Fibonacci retracement levels and momentum indicators.
BTC to 109,000Good Morning Traders,
Today I am sharing my BTC idea for trading over 109,000k USD by Dec 25/2024
There is around 20 billion options expiration as confluence for price action supporting this idea.
Merry Christmas
Bitcoin Santa Rally My view for year-end rally in Bitcoin is based on seasonal and global liquidity (GLI)
My projection for the Treasury General Account (TGA) is an increase from $740B today to a peak of $880B on 12/17 (which will be negative for Bitcoin and assets) and then a decrease (positive liquidity) of $200+ Billion down to a low of $630B on 1/10. This will be the window to buy a dip IMO. These figures do not take into account any additional reduction from the debt ceiling being reinstated on 1/1... which could add additional liquidity not accounted for as it is an unknown. That said, the debt ceiling debate is less of a factor now that we had a red sweep in the elections and the republicans control the votes, thus unlikely to be much of a "debate"...
Simple but my view.
BTC/USD "BITCOIN" Crypto Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the BTC/USD "BITCOIN" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a bull trade at any point,
however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low level.
Goal 🎯: 118,000
Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
BTC: Bullish Weekly Trend, But Daily Chart CautionsKey Observations:
- Weekly candles forming higher highs and higher lows, indicating a bullish trend.
- Currently testing weekly bottom support.
- However Daily chart showing trend and EMA reversal, suggesting a potential short-term correction.
Dilemma:
- Should we buy now, given the bullish weekly trend?
- OR wait for daily EMA reversal off weekly EMA?
Possible solution is to watchout:
- for a break of the previous week's low may provide clarity.
- Alternatively, if the price holds above the previous low, to rally to 104k.
Trading Idea:
- Consider playing the 94k-104k range for a potential bounce.
- Alternatively, wait for a daily EMA reversal before entering a long position.
What are your thoughts?
BTCUSDT - At Support? What's next??#BTCUSDT.. in today BTC market dropped around 4 percent but still it is buying trend because until market didnot break 94200 there is no sign of short.
94200 is our key level now and don't short until hold it.
Only short below 94200
Good luck
Trade wisely
Fear time?! Or Buy more time?!Bitcoin move just like past terms the market need to recover it self it was obvious more pressure to pull up need some rest and range 20 days approximately.
This is my idea this area it not sell area ✅
You can buy step by step which lines i I specified in the chart 🧠
.
.
.
.
⚜️Do not regret about psat ,You should learn from past⚜️
Batarang Backfire for BTC!In the shadowy world of crypto, where fortunes are forged and lost in the blink of an eye, Bitcoin finds itself standing on the precarious edge of Gotham’s tallest skyscraper. At $104k, the caped crusader of cryptocurrencies is flying high, but beware—the Batarang is about to backfire. The signals in the market skies hint at the return of the good old Dark Knight Dive. It’s not the fall we fear, but the landing—$90k is where the Batcave awaits.
Much like Gotham’s vigilante, BTC has faced its share of villains—market manipulators, FUD spreaders, and the infamous Penguin of Panic. Yet, this time, the weight of over-leveraged trades and thinning demand may pull it down like a grappling hook tethered to the depths. Altcoins, as Robin to BTC’s Batman, are likely to follow suit, retreating into the shadows as the crypto market takes its breather.
The Joker of volatility might chuckle, but seasoned Gotham traders know: this isn’t defeat. It’s a tactical retreat. The Bat-Signal shines brightest in the darkest hours, and $90k could just be the staging ground for the next heroic climb. Until then, buckle up, citizens of Crypto Gotham—the Dark Knight Dive awaits.
When Bears Gather: A Confluence of Warning Signs for BTCBitcoin’s current price action has led me to adopt a bearish short-term outlook, supported by several technical indicators and analysis methods. Here’s why I believe we’re at a critical turning point and entering a Wave 4 correction based on Elliott Wave Theory.
Stochastic RSI: Bearish Crossover
The Weekly Stochastic RSI has entered the overbought zone, and a bearish crossover has formed. Historically, this has been a reliable signal of a downside correction. I’ve highlighted previous instances where a bearish crossover in the overbought region led to significant price corrections, and we’re now seeing a similar setup.
A single indicator isn’t enough to make a strong prediction, but several additional factors strengthen the bearish outlook:
1.618 Fibonacci Extension: Bitcoins price price aligns with the 1.618 Fibonacci level, often a key resistance point. Whilst it has broken support on the daily/weekly time frames it wouldn't surprise me if it retraces back to the 1.618 Fibonacci, creating a bearish candle where the 1.618 is now resistance by the close of December.
Loss of Momentum: Candlestick patterns and momentum indicators all show weakening momentum, including a hanging man candle on the weekly chart.
Daily and 4-Hour Stochastic RSI: Both timeframes have also turned bearish, signaling further downside.
Elliott Wave Analysis: Top of Wave 3
In my previous Bitcoin analysis, I discussed how we’ve likely reached the top of Wave 3, and are now entering a Wave 4 retracement.
If this is indeed Wave 4, Elliott Wave Theory suggests that 70% of corrections retrace between the 0.382 and 0.618 Fibonacci levels, which I have marked out above. Based on this range:
In 2021 Wave 4 corrected 31%. If we did a similar correction this would take us down to 0.618 Fibonacci level, conveniently near $71,859.67, which also serves as close proximity to the previous all-time high.
Final Thoughts
As traders, we can only work with the charts and data in front of us. My current bias remains bearish, and I’ll continue monitoring key levels and confluence points to adjust my outlook as needed.
Bitcoin - Broader Structure and The $32K Breakdown TargetLast time, I posted an idea about Bitcoin's shorter term structure. I was scaling into a short position, and ultimately decided to close when I noticed strong support continuing to hold. This ended up being a good move, since price pushed higher towards $108k. There's a lot of resistance here in the low $100K range. While a notable milestone, it's a hefty price. More and more, Bitcoin is being seen as a tool for exploitation and wealth concentration for the wealthy, rather than something for the masses. Although good for price, this is not in keeping with the original intention behind the technology, or so we are led to believe.
I tend to generally post short ideas now because I do not support buying Bitcoin, which serves only to enrichen a select few, and no longer benefits the little guy. Sure, it could benefit ME in the future, but that feeds further into greed and selfishness, which are the human flaws at the root of many market inequities, fallacies, and injustices. For more on why I changed my perspective on crypto, there are tons of ideas I've posted over the years to pull from. It essentially boils down to this: When I was young and naive, I believed crypto could be an escape from the established financial system. In many ways it is, if you like gambling on memes and adrenaline coursing through your veins. But on a broader level, it's been co-opted by the same forces that control our traditional markets, institutions, and to an extent, our wellbeing. More and more, crypto seems to fit into a neo-feudalist dystopia, rather than a free-flowing renaissance utopia.
Earlier this year, I closed my original short positions when it seemed likely for Bitcoin to surpass its previous all time high. Now that price has hit a major milestone, altcoins have gone up 500-1000%, and gloating is abounds, it's time for me to re-enter my short. Now, I'm not looking to profit massively from this. It's a small position. But, I am of the belief that there is a non-negligible probability that Bitcoin will enter a longer term bearish trend. Whether it's now or at $160k, who knows?
If this trendline can break decisively (it's held very well so far, even when price drops below), the next stop seems to be around $89k.
From there, a bounce would be bullish. My green arrow shows the possibility of rally resumption if that level holds as strong support. On the bearish side, the previous all-time high is the next major level, followed by $32k if the entire support structure falls apart.
Markets are starting to wake up and understand that inflation isn't going away quickly, and monetary policy won't be as easy as it was. A lot of fluff needs to get weeded out. Unfortunately, crypto doesn't have much SUBSTANCE to it (meaning goods, resources, and services) attached to it.
As always this is meant for speculation and entertainment only! Thanks for reading.
-Victor Cobra
Bitcoin Down to 3666?Bitcoin’s Bull Run: A Potential Correction Ahead
Bitcoin has seen a remarkable bull run, but a correction to $3,666 may be imminent. Historical patterns show Bitcoin often retraces 70-90% after peaks (e.g., 2017-2018 and 2021-2022). Current overbought indicators, like RSI levels above 70, and declining buyer activity suggest cooling momentum. Affordability is also a concern, with high prices limiting participation by retail investors.
Could Bitcoin Become the US Official Currency?
With global trends like El Salvador adopting Bitcoin as legal tender, it's plausible the US could consider similar moves under specific leadership. Bitcoin's capped supply and decentralization align with economic policies that challenge traditional banking and inflationary pressures.
Why Market Inclusivity Matters
Most of Bitcoin’s wealth remains concentrated among early adopters and whales, mirroring the inequality seen in stock markets. Broader adoption by the general population is essential for Bitcoin’s long-term legitimacy and sustained bull runs.
Be Prepared for Market Turbulence
On-chain divergences (e.g., lower transaction volumes) and macroeconomic tightening hint at potential turbulence. Bitcoin corrections tend to be swift, often concluding within 1-2 years, as seen in past cycles. Observing these trends is vital for navigating the market ahead.
A Word of Caution
Average investors should be wary of opportunistic individuals or schemes promoting Bitcoin as a "guaranteed" investment at current levels. The market’s volatility could leave latecomers holding the bag during a downturn. Always conduct thorough research before investing.
If the 95-97K support holds strong I'll stay BullishThis resistance zone is well known. If the support 95-97K holds strong I will stay bullish
Stay vigilent
Stay safe
Education content
BTCUSD 1h UPDATE BTCUSD 1h UPDATE according to my analysis BTCUSD is going up on 106,117 now BTCUSD
Price on 101,774
Entry point 101,572
(Target1) 103,354
(Target 2) 104,247
(Target 3) 106,594
Trade with your own risk
My first chart sport me and keep fallowing
BITCOIN SELL TO $86,000 (UPDATE)Bitcoin sell TP1 smashed!✅
Less than 24hrs in & our first target has been met on BTC. More downside expected towards our TP2 at $86,000. Hope you all got in & profited from the live call yesterday!
BTC/USD - daily chart divergence showed the wayThe divergence was strong with this one.
Both the RSI and MACD showed huge Divergence from the Price.
Divergence is a very good way to try and prevent your buy trade from being someone else’s exit liquidity at the top.
It'll be interesting to see if those Liquidity Voids below get filled up.
Divergence:
Liquidity Voids:
Btc / UsdtBINANCE:BTCUSD
CRYPTOCAP:BTC is facing resistance at the upper trendline of the rising wedge pattern, indicating potential bearish pressure. A clear breakout or breakdown is required to determine the next direction.
Are you ready to explore altcoins?
Disclaimer : Not Financial advice
