BTC 12/21/2024 Distribution curve updatedSeem the curve has developed more than enough to see that there is a good chance we drive lower. A lot of coil/ consolidation prior but that is what gives birth to explosion. Not financial advise Don't anticipate... participate!!by Dreamforevertay1
Bitcoin ($BTCUSD) Trading Plan: Key Levels and Breakout Setup ### **Description:** This chart highlights a **descending triangle breakout setup** for Bitcoin ( BITSTAMP:BTCUSD ), with critical levels to watch as it approaches a decision zone: - **📍 Entry Zone**: **$97,130** (Yellow Line) — This level aligns with a breakout from the descending trendline, indicating potential upward momentum. - **❌ Stop Loss (SL)**: **$93,700** (White Line) — Placed below a strong support level to minimize downside risk in case of a breakdown. - **🎯 Target 1 (T1)**: **$102,632** (Red Line) — The first key resistance zone and profit-taking level. - **🏆 Target 2 (T2)**: **$108,387** (Green Line) — Aligns with previous highs and serves as the extended target for significant upward movement. --- ### **Why This Chart is Important:** 1. **Technical Setup**: - The chart showcases a **descending triangle pattern**, which is a high-probability breakout setup. A bullish breakout here could lead to strong price momentum. 2. **Risk-Reward Opportunity**: - With a tight stop loss at **$93,700** and clear targets, this trade provides an excellent risk-reward ratio for both short-term and swing traders. 3. **Market Relevance**: - Bitcoin’s price movement often dictates broader market trends, making this chart crucial for crypto market sentiment. 4. **Critical Levels**: - Key levels highlighted ensure a disciplined approach, whether the breakout sustains or reverses. ### **Conclusion:** This trading plan for Bitcoin presents a strong **risk-managed opportunity** as it approaches the breakout point at **$97,130**. Watch for confirmation of a breakout to target **$102,632 (T1)** and **$108,387 (T2)**, while protecting capital with a strict stop loss at **$93,700**. Monitor closely for market sentiment shifts as Bitcoin often sets the tone for the crypto market. 🚀Longby Xeeshan791
BTC Trajectory12-hour looks like it wants to pump from here, but the daily is begging for a downturn. We might see a pump to create a lower high, followed by a dump to the CME gap as expected. However, it could be too easy, so expect some downside, possibly to 60K, to make it convincing enough to rinse out weak hands and take liquidity. The goal is to ensure enough traders are sufficiently rekt. Then, of course, we pump—unless the entire market goes into a recession... then it's over.by SnyperTA0
BTC Channel FullAfter the strong bounce the other day from 92k (black dashed line) i was curious whether there was any other price action that respected this trend. I started by taking the trend from the bull market highs of the previous 2 cycles, then keeping the same gradient moved to the bounce at 92k we had the other day and drew a trend line at the same gradient. Interestingly price has reacted to this trend line multiple times ever since the bottom straight after the 2017 bull market. Copied the gradient across the chart seeing the price action respecting this gradient multiple times. Created a trend line of best fit from the bottom of the range to our current high (thin red dashed lines). Measured gradient and copied and pasted to the 2017 and 2021 bull markets inverting the gradient for the swings to the bottom of the channel. Created another trend line (thick red dashed) to see where the above dashed lines were intersecting and noticed where they were intersecting the thick dashed line on roughly the same day.by geoff10120
Buying Opportunity in Bitcoin after Rejection at Key ResistanceDescription: On the daily chart of Bitcoin (BTC/USD), we observe an interesting dynamic. After a recent spike around $97,983, the price has shown a significant pullback, finding support at the $96,422 area. This level has acted as a key support, where the price has bounced off, indicating a possible bullish reversal in the short term. Analysis: Resistance and Support: The price has rejected the resistance at $97,983.96 and has retraced to the support at $96,422.90. This pullback has been followed by a bounce, suggesting that the support is holding. Volume: An increase in volume during the bounce from the support can confirm buying strength. Strategy: Entry: Consider buying on the bounce from current prices, Stop Loss: Place a stop loss below the recent low, around $96,200, to manage risk. Take Profit: Target the previous resistance at $97,983 as the first profit target. If the price breaks this resistance, the next target could be the all-time high or psychological levels like $100,000.Longby JAG_Trader1
BYC ALTERNATIVEI post this as alternative because I care not to be an analyst but a trader which means that I am looking for price to develop in the most probable fashion to increase my odds. If the setup is there I could careless what side of the market it is on. I would rather make money than be right simple… so I seat on my hands until a point of undeniable perception of where this thing will break out or break down at. Let’s give it time to develop and exploit!! by Dreamforevertay0
BTC DISTRIBUTION CURVESeems as if BTC is setting up a distribution curve based on the 1D manipulating//wick away from an imbalance candle so dissecting on the 15MIN and 5MIN we see our setup forming with a high probability for a break down. This is not financial advice and the name of the game if high favor probability the trade good be wrong and completely flip.by Dreamforevertay0
BTCUSD Potential Breakout Rising Wedge - Simple Line AnalysisBITSTAMP:BTCUSD (i cant post a chart snapshot bc I'm not paying for Trading View) This is just a small potential breakout I noticed on the daily chart for BTC. The next 1-3 days will lead to a potential upward breakout to then balance at the top of the white channel, or a breakout that will ignore my trendline and ride above the red line resistance around 103k, or below that at the green line resistance at 99k. Feel free to question what I have lined out.by Aaron_02Updated 0
BTC/USD Tests Support Amid Downside PressureHello, BITSTAMP:BTCUSD has closed below the 1W/1D Pivot Point (PP), signaling potential for further downside movement. However, the 1M support structure has held firm, causing the price to rebound sharply. For confirmation of continued downside, the price must breach and close below the 1D strong support at 93367.875. If this level holds, there could still be potential for a bullish reversal. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344by TradeWithTheTrend33442
Bitcoin Price Analysis: Potential Drop to $90K(BTC/USD) price action within an upward-sloping channel, marked by support and resistance trendlines. Below is an explanation of the potential move to the $90,000–$92,000 region, incorporating technical and fundamental reasoning: Technical Analysis Trendline Rejection: Red arrows indicate multiple rejections at the channel's upper resistance line, suggesting strong selling pressure at higher levels. A breakdown from the midline of the channel hints at weakening bullish momentum. Support Zone Target: The projected drop aligns with the lower boundary of the channel near $92,000–$90,000, a likely support area. The price appears to be retesting a minor resistance before continuing the downtrend (gray line indicates the likely path). Bearish Divergence: Although not visible in this image, momentum indicators like RSI or MACD could confirm bearish divergence at recent highs. Key Levels: Breakdown of $96,000 would signal increased bearish momentum, accelerating the drop to $90,000. Fundamental Analysis Macro Environment: Concerns about interest rate hikes and tightening monetary policies could dampen risk sentiment, affecting Bitcoin negatively. Any negative developments in regulatory news or crypto-related insolvencies could accelerate selling pressure. Liquidity Considerations: End-of-year liquidity often diminishes, amplifying volatility and price swings. Traders might also sell to lock in profits or rebalance portfolios. Market Sentiment: Recent negative news (e.g., potential exchange issues, or lackluster adoption metrics) could weigh on bullish sentiment. Conversely, fear in traditional markets may lead to risk-off behavior, impacting crypto assets. Conclusion The combination of technical rejection from key levels and possible negative macroeconomic factors supports a potential bearish move toward $90,000Shortby DreamsForx1
btcusdHello, my dear friends! I hope everyone is doing well. My beloved father has passed away, and I kindly request you to remember him in your prayers. After taking a break for some time, I am back to share my Bitcoin analysis today. Please note, this is not financial advice, but rather an idea that I’m sharing. Feel free to incorporate your own opinions. Currently, BTC/USD is trading in the 109,000 to 104,000 zone, which has been the target area for the market. If the market breaks this range, it could potentially move towards the 159,000 to 149,000 range. However, if the market chooses to retrace from here, it may reverse around the 60,000 level. If the 60,000 level is decisively broken to the downside, the market could target around the 31,000 level. I have shared my areas of interest; the rest is up to you to identify your points of interest. Thank you, and please remember me in your prayers.Longby WiKiFX0
$BTC completed minor Wave 4.* Not financial advice. For educational purposes only.* Let's go for the next bull run! Blow off top, here we go~by googooboyy0
BTC- bearish divergenceBearish divergence on weekly = more downward movement expected. Trade with care.Shortby WilliamFiltzpatrick2
Btcusd Hi traders. We have an Engulf above of chart. It's sign of market direction Longby FoxForexVIP0
What if This Bitcoin Scenario Happen ?Lets compare this scenario has lag around 12-14 weeks With this chart maybe we see more dumping ? I not spreading fud, but just "some" historical data. IMO it still can be happen, especially we have around 77k-80k CME gap, yes massive gap Can it fill it now ? or later ? If 87k support breakout i think it could happen But if still hold 87k area i think we create more up movement before dumping and alt season begin Notes : Based on my related ideas below, FYI China M2 still increasing, I more confident if 2025 run will be led by China by Calon_Sultan0
BTCUSD on the Brink: Massive Moves Expected – Are You Ready?Summary : This analysis examines two ascending wedges visible on the BTCUSD chart—a larger wedge on the weekly timeframe and a smaller wedge on the 4-hour chart. The price has broken out of the smaller wedge and is consolidating above the upper boundary of the larger wedge, which currently acts as support. Projections suggest a short-term decline to $82,000, followed by a rebound to $114,000 in mid-February, and a subsequent decline to $106,000 by the end of March. Key decision points are identified where trendlines for MACD, ATR, and RSI intersect, providing areas to monitor for potential price reversals. Indicators such as RSI divergence, MACD crossings, and increasing ATR signal weakening momentum and heightened volatility. Historical analysis aligns with the expectation of significant price movements between mid-December and mid-January. Ascending Wedge Patterns Two ascending wedges are visible: - The larger ascending wedge is on the weekly timeframe . - A smaller ascending wedge is present on the 4-hour chart . The price has broken out of the smaller wedge and is consolidating above the upper boundary of the larger wedge, which serves as support. There is a possibility of the price falling back into the larger wedge if support weakens. Price Projections Short-Term : The price is expected to decline to approximately $82,000 by mid-January . Medium-Term : A rise to around $114,000 is projected by mid-February . Long-Term : The price is anticipated to drop to approximately $106,000 by the end of March . Decision Points Mid-January : First decision point, suggested by MACD. Mid-February : Second decision point, aligned with ATR. Mid-March : Third decision point, indicated by RSI trends. RSI Divergence A bearish divergence is observed, where the price forms higher highs while RSI forms lower highs . This divergence is present on both the daily and weekly timeframes , signaling potential weakening momentum and a possible reversal. MACD Observations The MACD line has crossed below the signal line for the second time, reinforcing a bearish sentiment . ATR Analysis The ATR (Average True Range) on the weekly timeframe is increasing alongside price action. This indicates heightened volatility , often preceding significant market moves. Historical Volatility Bitcoin historically shows increased volatility between mid-December and mid-January . This aligns with the current technical setup and suggests the potential for significant price movements during this period. Sentiment Short-Term : Neutral to bearish , with a decline to $82,000 expected. Medium-Term : Bullish , with a rise to $114,000 anticipated. The overall outlook is mixed, with caution advised around key levels. DISCLAIMER: THIS ANALYSIS IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE FINANCIAL ADVICE. ALWAYS CONDUCT YOUR OWN RESEARCH BEFORE MAKING TRADING DECISIONS.by fiki1
Weekend Crypto Pulse: $BTC at $95,415 & $ETH Leading DeFi – Top Good morning, champions! ☀️ While traditional markets take a breather, crypto keeps the grind alive. 🕒 CRYPTOCAP:BTC holds strong at $95,415, still defying gravity, and CRYPTOCAP:ETH sits at $3,527, the DeFi heartbeat going strong. Weekend movers: 📈 CRYPTOCAP:AVAX up 4.5%, turning heads in the Layer-1 race. 📈 CRYPTOCAP:SOL climbing 3.2%, showing resilience in its recovery arc. Take a moment today: plan, prep, sip that coffee. 🛠️ Balance your charts with a bit of mindfulness—crypto’s a marathon, not a sprint. What’s your strategy for today’s market movers? Any hidden gems on your radar? Let’s share some insights. 💡 Longby DCAChampion1
Engels $BTC breek alles wat je ziet $BTC break everything you seCRYPTOCAP:BTC shows what you can do and break that demand zone. We want to make money and not be in uncertaintyLongby RidgerR1
Eventually BTC Hodler's will Wake UPPeople are confused at the moment, "Why is Bitcoin struggling when it's 'supposed to goto 1 million" This chart simply shows how BTC is controlled by Wall Street already! On the left is BTC, on the right is SPX500USD. Use mouse to pinpoint major adjustments in price!by Craig_Claussen0
What's next for BTC? Will the correction go lower?Hello everyone, I invite you to review the situation of BTC, which has currently had a -15% price correction. This is a natural correction in the growth cycle, and what's more, much larger corrections at 20% or 30% levels often appeared in bull cycles. Let's start with how the price moved in the local growth trend channel, in which we can see how dynamically we went down to the lower zone of the channel, which translated into a further drop in price reaching the support level at $ 91,712. In such a situation, it should be taken into account that very often leaving the channel gives a movement close to the channel height, which could cause the BTC price to drop to the support level at $ 84,072. If the current rebound from the level of around $92,000 ends the current correction, however, here we see how the level of $95,004 poses effective resistance for the price, only when it is broken again will it go further to the area of $101,000, and then again move towards the strong resistance zone from $106,000 to $108,000. On the RSI, taking into account the 12H interval, we have a visible descent with crossing the lower limit, which in previous situations gave rise to renewed price increases.Longby cryptodailyuk1
inshi entered t bullish divergence last night and running profit now if it will break like head and shoulder then its a perfect confirmation to add margin at break out comment your ideas lets help each other through sharing our views on the market have a nice trade every oneLongby josephraro995730
My Best analysis The chart you've provided shows a bearish trend on the 4-hour timeframe for Bitcoin (BTC/USD). It highlights key resistance and support zones: Resistance levels: Around 102,759, 100,958, and 99,376. Support level: Price is approaching 94,000. If the price fails to reclaim the resistance levels, the bearish momentum might continue. Ensure you manage risks effectively and follow your trading plan. Let me know if you want this analysis rephrased for TradingView or need further insights! by LunaTrader_SingnalsProvider9
Breaking News: US Government Shutdown and Its Impact on Traders.🚨 Breaking News Alert: The US government has officially shut down as of midnight on December 20, 2024, due to Congress failing to pass a spending bill. This political drama has sent shockwaves through the markets, and traders need to be on high alert. What Happened? The House of Representatives rejected a spending bill backed by President-elect Donald Trump and tech billionaire Elon Musk. The bill included a three-month extension of government funding and a two-year suspension of the debt limit. However, internal disagreements within the Republican party led to the bill's failure. Potential Market Impact Stock Market Volatility: Expect increased market volatility as investors react to the political instability. Major indices like the S&P 500 and Dow Jones Industrial Average may experience sharp declines. Currency Fluctuations: The US dollar may weaken as investors seek safer assets, leading to fluctuations in currency markets. Commodity Prices: Commodities like gold often rise in value during times of political uncertainty. Keep an eye on these markets for potential gains. Interest Rates: The Federal Reserve's response to the shutdown could influence interest rates. If the shutdown leads to economic disruptions, the Fed may reconsider its stance on rate hikes, affecting bond markets. Strategies for Traders Stay Informed: Keep a close eye on news updates and government announcements. Being aware of the latest developments can help you make informed decisions. Diversify: Diversifying your portfolio can help mitigate risks associated with market volatility. Consider spreading your investments across different asset classes. Hedge Your Bets: Use hedging strategies to protect your investments. Options and futures contracts can be useful tools for managing risk during uncertain times. Be Patient: Market reactions to political events can be unpredictable. Stay calm and avoid making impulsive decisions based on short-term market movements. Conclusion While the government shutdown poses challenges, it also presents opportunities for traders who are prepared. By staying informed, diversifying portfolios, and using hedging strategies, traders can navigate the uncertain waters and potentially capitalize on market movements. Remember, even in times of political drama, there's always a strategy to keep you ahead of the game!.by OakleyJM1