Bitcoin analysisWait for a breakout confirmation. Then, we might see a retest after that the market may fall to the level suggested in last post.
Check it out now!
Crypto market
Bitcoin analysisWait for a breakout confirmation. Then, we might see a retest after that the market may fall to the level suggested in last post.
Check it out now!
ETHUSD long term chart showing profit booking 3115,2877,2545Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Bitcoin until 100400 not break will fall 92200,85750,78750,71720Bitcoin long term chart showing profit booking
Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Bitcoin Analysis (30 Minutes Time Frame)This article analyses potential future price movements for Bitcoin. My analysis indicates that a breach of the $94,000 support level would likely trigger a downward trend, with the next support level anticipated at $92,500.
Here is the explanation for the analysis:
1. Support Level at $94,000:
• The upward-sloping blue line indicates a short-term support level, formed as the price previously found stability at or above this level. This trendline acts as a cushion, where buyers typically step in to prevent further decline.
•A breach below this support would signify that selling pressure has overwhelmed buying interest, breaking the psychological and technical barrier.
2. Trend Formation:
• The chart shows a consolidation pattern near the support level. This suggests market indecision, where price movement could either rebound upward or break downward.
• The downward black arrow on the chart indicates your expectation of a breakdown, based on weakening momentum and lower highs.
3. Volume Analysis:
• The declining volume bars in recent candles suggest reduced buying interest. This often precedes a breakdown, as sellers gain control of the market.
4. Next Support at $92,500:
• The purple line at $92,500 represents the next significant support level, where the price has historically found stability. If $94,000 is broken, sellers are likely to push the price toward this level, as buyers may regroup there to counter the bearish trend.
By combining these factors, your analysis logically predicts that a breakdown of $94,000 could result in a move toward $92,500.
Bitcoin Analysis (30 Minutes Time Frame)This article analyzes potential future price movements for Bitcoin. My analysis indicates that a breach of the $94,000 support level would likely trigger a downward trend, with the next support zone anticipated at $92,500.
NEXT TARGET BTC BCT is going to draw down soon. The daily uptrendline was broken. The spinning top candle on December 5th and the two long wicks on the 9th and 10th could suggest an imminent reversal or, anyway, a future recovery of liquidity in this area.
This area is also a high liquid point of the pair and collects as few as 0.27 and the last TPs of bearish movement.
@90500 is the first entry price.
After that, I still highlight the 86K since there are lot of liquidation around that area. 86K is a critical area because both the last TPs of the short positions and the 0.618 on monthly of the long position are there. what does it mean?
The bearish movement ends where the bullish movement is supposed to retrace and reverse.
The last limit order I set is @ 78500.
This area is highly pointed for inefficiency, 0.27 on various tf, and very highly liquid on 3 3-day basis.
The 78.5K is a buying zone since most of the 0.618 monthly and weekly fall here.
Even the 59,9K is an important point but I will wait to set a trade or order there since there is not strong evidence for a breakout of the main bullish trendline.
Bitcoin to $83,000 as said before Bitcoin is facing resistance from the drawn area. And breaking of next support will dump #btc to $83,000
"Bitcoin Potential Downtrend | Support & Resistance Levels"Based on the current 45-minute chart:
Resistance: Around $97,110 (Supertrend) and $95,765 (EMA).
Support: Key level broken at $95,235, with the next support zone around $94,000-$93,700.
Indicators:
The Supertrend indicates a sell signal.
EMA is acting as dynamic resistance.
The break below $95,235 could signal further downside potential, targeting the $94,000-$93,700 range. Stay cautious of any price reversal above $95,765."
Have you ever seen a Bitcoin YEAR chart ?Have you ever looked a t a Bitcoin YEAR chart ?
No > Here it is, from the start
So easy to see why people have finally realised it is worth holding on to.
For one year in every Four, it is in Loss.
The ONLY time that Loss retraced back Below the year before was in 2021 / 22 while the american TradFi and institutions despicably tried to destroy Bitcoin, and FAILED
Looking at the 2 ATH trendlines, if we continue this, we can expect a possible 400K next year
We will just have to wait and see
But I will settle for 400K ;-)
How about you ? I certainly Will NOT Sell all my BTC
Where next and When for this Bitcoin Cycle- is it Over ?
It is Far from over.
In fact, in many way, Bitcoin has Just begun its new life.
It was born in 2008, it has just gone through its childhood and now, as it becomes accepyted across Finacial Markets worldwide, it is maturing into adulthood.
And so, by concequence, everything I am about to say may be completely wring as we have no real idea of how high Bitcoin will go.
As the chart shows, It has been in a Rising channel since Nov 2022 and really took off in January 2023.
There are many founded expectations for a High in Spring and in Late summer to winter 2025
If we follow the Upper trend line of this channel, I would expect PA to "top out" on the Fib extensions marked with a circle at 134K in April / May and anoither ATH, THE ATH of the cycle towards the end of the year.
It is this one, the Last ATH oi the Cycle that is the hardest to pin point. On this chart, we see an area of around 170K. There are projections that see high of nearer 800K though this is optimistic..Not impossible..But optimistic.
In the shorter term, we can see how Pa has ranged along the upper trend line
Rejection from here is highly likely though on lower Timeframes, there is abil;ity to continue.
If wer get rejected, a Srop to 87K is likely to be th eMax Drop in my viewl the the 2.618 fib line,
You can see it was tested as support as we crossed over it.
So, inconclusion, I think we will see a pull back, most likely in January but then, Pa wil recover well to reach a New ATH in spring. From there, liekly for a cool summer and an end of year grand finale to New ATH
NONE of this is FACT. It is My opinion and could be wrong.. But I am working on these assumptions
Lets see if they come out or not.
Happy New Year everyone
Bitcoin goes down 27.12.24Scenario 1: Sell Trade
Idea: Wait for the price to reach the FVG H1 zone (97,293.79 - 98,567.87) or the Supply Zone for a selling opportunity when reversal signals appear.
Entry Point:
Sell within the price range: 97,300 - 98,500 (inside the FVG H1 zone).
Look for reversal candlestick patterns like Doji, Shooting Star, or Bearish Engulfing for confirmation.
Stop Loss (SL):
Place the SL above the Supply Zone at 99,600 to avoid being stopped out if the zone gets tested.
Take Profit (TP):
Target 1: 95,400 (Fibonacci 0.618 level, near the Demand H1 zone).
Target 2: 94,100 - 93,500 (Demand H1 zone, coinciding with Fibonacci 0.786 - 0.86 levels).
Risk-to-Reward Ratio (R:R):
For Entry at 97,300 and SL at 99,600:
TP1: R:R ~ 2.2.
TP2: R:R ~ 4.2.
Scenario 2: Buy Trade
Idea: Wait for the price to drop into the Demand H1 or the broader Demand Zone for a buying opportunity when bullish signals appear.
Entry Point:
Buy within the price range: 94,100 - 93,500 (inside the Demand H1 zone).
Look for bullish reversal candlestick patterns like Hammer or Bullish Engulfing.
Stop Loss (SL):
Place the SL below the Demand Zone at 93,200 to avoid being stopped out in case of a deeper retracement.
Take Profit (TP):
Target 1: 96,200 (Fibonacci 0.5 level).
Target 2: 97,300 - 98,500 (FVG H1 zone, nearest resistance).
Risk-to-Reward Ratio (R:R):
For Entry at 94,100 and SL at 93,200:
TP1: R:R ~ 2.1.
TP2: R:R ~ 3.8.
Notes:
Risk Management: Only risk 1-2% of your capital per trade.
Signal Confirmation: Wait for price action confirmation or supporting indicators like RSI or MACD to improve the probability of success.
Trading Psychology: Stick to the plan and avoid entering trades if the price doesn’t reach your desired zones.
Bitcoin positional trade avoid buy until 101000 not break sell Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
BTC - Up or Down ? Its going up !!!BTC has taken support at lower side of the megaphone, went up in first wave and has come down for second wave and very clearly taking support at Fib level of 61.8 as shown in chart which indicating any time third wave will start which will take BTC to 102. 104 and 108 in the impulsive up move. Movement of BTC is Bullish, movement is slow due to low volume may be due to holiday season. In less than a month with new Govt in US, BTC is positioned to move up and surely not a Sell for sure. weak hands in very very small qty is only seen in volume indicator while moving down. Stay safe in Buy side with enough margins like Mountain strong and new high is coming.
Bitcoin (BTC/USD) Daily Chart Technical Analysis• Technical Analysis of the Chart
• #1. Chart Overview:
• Asset: Bitcoin (BTC/USD)
• Timeframe: 1Day (Daily)
• Exchange: Coinbase
• The chart displays Bitcoin's price action and volume, MACD, and RSI indicators.
• A Head and Shoulders pattern is visible, suggesting a potential trend reversal from bullish
to bearish.
• There is significant bearish divergence across indicators, signaling weakening momentum.
• #2. Key Chart Features and Pattern Observation:
• Head and Shoulders Pattern: A textbook Head and Shoulders pattern is observed with:
• Left Shoulder: Formed by a local peak.
• Head: A higher peak following the left shoulder.
• Right Shoulder: A lower high after the head.
• Neckline Breakdown: The price breaks below the neckline, signaling a potential
downward move.
• Target Price: Based on the pattern, the target price seems to be significantly lower.
• #3. Indicator Analysis:
• Volume:
• A notable decline in volume during the formation of the right shoulder suggests weak
buying interest.
• Volume spiked during the breakdown, supporting bearish momentum.
• MACD:
• Bearish divergence is observed.
• The MACD line has crossed below the signal line, indicating bearish momentum.
• Histogram bars have turned red, further confirming the bearish trend.
• RSI:
• RSI is trending downward, showing weakness.
• It remains below the midpoint (50), which suggests bearish sentiment.
• Bearish divergence is also visible on the RSI, aligning with the MACD analysis.
• #4. Key Levels or Price Levels:
• Support Level: Around $58,863.90
• Immediate Resistance Level: $99,860.00
• Current Price: $95,279.66
• Target Price (Head & Shoulders Breakdown): Approximately $80,000–$70,000
• #5. Overall Summary:
• The Head and Shoulders pattern indicates a potential bearish reversal.
• Indicators like MACD and RSI support the bearish outlook with visible divergences and
downward trends.
• Volume analysis also suggests weakening buying pressure and stronger bearish activity.
• #6. Trading Strategy:
• Short-Term Traders: Look for short-selling opportunities after the confirmed neckline
breakdown.
• Stop Loss: Place stop loss above the right shoulder (~$99,860).
• Take Profit: Target levels near $80,000–$70,000.
• Long-Term Investors: Wait for a strong support zone before accumulating more positions.
• #7. Conclusion:
• The chart displays a strong Head and Shoulders pattern with bearish confirmation from MACD, RSI, and Volume indicators. The breakdown below the neckline suggests a potential price correction towards $80,000–$70,000. Traders should remain cautious and plan their trades with clear stop loss and target levels.
Bitcoin retreats lower
After completing five waves of accelerated rise, Bitcoin is currently entering a correction downward trend. The current price has broken through the rising channel and rebounded at 92,000, which forms a relatively important support level. If the price falls below this support, the next support range may be close to the starting position of the previous rising wave, around 86,000.
After the price rebounded to 100,000 points, it was under pressure and formed a double top structure. This position is also the previous long-short dividing line. Therefore, overall, Bitcoin is still in the five-wave correction stage in the short term. If 100,000 points cannot be broken, the upward pressure still exists. If the price is suppressed at this position, buying operations will not be considered in the short term.
In the short term, the decline of Bitcoin after the surge is in line with the overall bearish trend. Pay attention to the narrow adjustment of the 97,600-99,500 range above. If it rebounds to this area, you can continue to consider shorting. Downward support can focus on the two key points of 94,800 and 92,600.
If you have any different opinions on the market trend, please leave a message and like it. Thank you
XRP longEither we bounce here or we bounce from the range lows (marked as RL). Will divide the position size in two for two entries. If we bounce here and stay strong above mid range then will add second entry there.
BITCOIN to $84,000Bitcoin is at the crucial support zone. Breaking of this zone will take bitcoin back to at least $84,000
BTC is undergoing a deep correction.BTC could undergo a three-wave decline on the H4 chart, potentially reaching $90k before a minor rebound and subsequent decline. However, $90k is unlikely to be the final bottom for BTC in the coming weeks. Additional signals should be awaited.
ETHUSD buy on dip support 3405 Target 3550,3660Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Bitcoin 5000 points profit booked support 97k,Target 102k ,104kDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
BTC headed down to $86,000 by mid Jan 2025 before reversing upBTC completed Wave 3 of its impulse wave in mid December. The wave started back in August 2024 (see orange numbers).
It is now pulling back in Wave 4 in a typical ABC correction, having completed sub wave A and more than halfway through sub-wave B. Once it tops sub wave B by first week of Jan, it will move down in Wave C all the way down to $86,000. (see blue letters)
Once Wave 4 is completed, it will reverse to complete Wave 5 with a top of 115,000 by mid February 2025
