Bitcoin (Cryptocurrency)
BTC: Bullish-Bitcoin at $100,000!! WHY ??!Bitcoin at $100,000!! WHY ??!
First because the SEC Approves BITCOIN ETF, and it's an historical News!!
This is therefore the door open for an increase and an ATH (All Time High)
Second, the bitcoin could make a retracement to the EMA.50 and 200, and thus validate a CRAB (harmonic figure)
Third, the ICHIMOKU levels are reacheable to 35 200$$, and then after this retracement, the price of BTC could rise towards $100,000 at its highest!!
Be careful!
You can also WAIT the next wave before entering the market with "ammunition"
Think like JESSE LIVERMOORE ;)
BTC - Follow THIS Path to the HALVING📉Hi Traders, Investors and Speculators of Charts📈
If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1.
According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the second impulse wave (2-3) to happen very close to or just before the BTC halving, which is set to happen in April. This is based on a previous analysis that I did where we made a conclusion based on the price action of the previous BTC halvings before, during and after.
👉 Macro Analysis
Bitcoin is due for that 30% correction / pullback. Even dropping to lower 30K zone would still be a lower high, classic Elliot Wave Theory before the next upwards impulse wave, which is the biggest ( wave 2). This will fall exactly on the white diagonal trendline, which is our support zone.
👉 Technical Indicator Analysis
Our technical indicator is still bullish, but showing "Overbought". In a higher timeframe, this usually means it can carry n for some time - but a pullback is imminent before another impulse upwards.
NOTE that I am BULLISH on BTC. We're in the opening moments of a new bullish cycle, but there are pullbacks and corrections in upward cycles - and I'm expecting that we're currently trading in impulse wave 0-1.
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BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD INDEX:BTCUSD BYBIT:BTCUSDT.P
Bitcoin Crash or Major rally?Bitcoin is into mega resistance right as the dollar has broken out.
Is BTC going to get snuffed at 50K into a weekly resistance pivot?
Is the halving to strong and going to push BTC to 100k?
Dissecting the technical, it appears Bitcoin could be vulnerable in the near term.
Bitcoin - THIS INDICATOR calls the TOP📉Hi Traders, Investors and Speculators of Charts📈
It's always good to refer back to the MACRO trend when watching BTC. From a macro perspective; we're definitely overdue for that proper bull-cycle correction - also important to keep in mind the halving coming up in April.
We can confirm this bias by taking a look at a very specific indicator called the Balance of Power. Historically, on a macro timeframe, this indicator has been great at calling local tops and bottoms.
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BINANCE:BTCUSDT
Revised Bitcoin Path to $155k - $210k and $100k By the HalvingHere's my Revised Bitcoin Path to $155k - $210k and $100k By the Halving study.
Note: If you're using a Fib based on a Log scale these levels will change, but the $155k level is still the likely target based on a 1.618 vs a 3.618 projection.
In this video I've outlined the 10 factors including the ETF money flows already coming in.
Each of these factors could help ignite the other 9, and contributing to a near term mega rally.
The chart bars pattern in Blue is a copy of the previous cycle where this happened, so we we know this is possible.
A near term pullback from $50k is likely however, and healthy.
I anticipate this would be the best / safest entry point and best scenario for a much larger push higher as noted above.
I've also outlined 5 potentially negative factors which could slow growth, but are less likely.
Would love to hear your comments below!
Bitcoin's Next Huge Move: Must watch! 🐉🎆 Bitcoin's Monumental Path in the Year of the Wood Dragon 🚀💹
🎊 Celebrating New Beginnings
Hi everyone! As we delve into Bitcoin's current trajectory, let's not forget to extend a warm Happy New Year to our friends in Asia celebrating the year of the wood dragon. This occasion isn't just about cultural festivities; it's a beacon for significant shifts in the crypto landscape. Drawing inspiration from the wood dragon's favor towards the rooster, we're navigating through the intertwined dynamics of political landscapes and market directions.
📈 A Look Back at Prophecy Fulfilled
Reflecting on the prophecy I shared back in January 2023, during times rife with fear, uncertainty, and doubt (FUD), we highlighted a pivotal breakout pattern for Bitcoin. This "one, two, three" sequence has proven its mettle, reinforcing the forward-looking essence of the market.
Amidst skepticism surrounding Bitcoin's valuation, our analysis foresaw the normalization of CPI and an amelioration in inflation rates, painting a bullish scenario for Bitcoin. The journey since has been nothing short of remarkable, affirming the resilience and prescience of our forecasts.
🌐 Navigating the Current Landscape
In the recent unfolding of events, Bitcoin encountered a notable setback following ETF approval, set against a backdrop of geopolitical strife and regulatory tumult. The Bitcoin community's response to actions from figures like Biden and the SEC paints a complex picture of the challenges and influences at play.
🔍 Technical Analysis: Anticipating the Next Big Move
Our technical dive reveals an impending third test of a critical resistance level, as denoted by the "one, two, three" pattern. Despite a straightforward approach to charting, the precision and effectiveness of our predictions stand strong, with Bitcoin facing the anticipated rejections and gearing up for a pivotal next phase.
📊 Forward-Looking Projections
Looking forward, the possibility of Bitcoin revisiting lower support levels cannot be overlooked, emphasizing the need for strategic positioning and readiness. This analysis not only underscores the importance of historical resistance and support levels but also charts a forward-looking projection for Bitcoin's valuation, harboring an optimistic stance for 2024.
🚀 Conclusion: Embracing the Volatile Journey Ahead
As we embark on the volatile yet promising journey through the year of the dragon, the melding of astrology, political dynamics, and market movements presents an enthralling narrative for Bitcoin's path forward. Amidst prevailing uncertainties, our dedication to delivering insightful analysis and strategic foresight remains steadfast, ready to embrace the next chapter in Bitcoin's evolution.
One Love,
The FXPROFESSOR 💙
BTCUSDT 4H
Hello
Let's have an update from Bitcoin
An important resistance zone has been reached. In the video, the bullish and bearish targets are fully explained
But pay attention, don't enter until you get confirmation, and if it enters time correction in this range, the probability that it will move up is very high.
Be successful and profitable
BITCOIN - My Thoughts On The Current Waves...In this concept, I share my viewpoint on the present condition of the waves. It's not a short trade suggestion yet, but rather an observation of what I perceive to be happening.
I unmistakably detect a sense of frenzy at the peaks, whether it's through comments or news pieces regarding cryptocurrency.
Market behavior consistently mirrors the collective psychology of its participants. While I suspect we might be at or nearing a peak, further confirmation is needed through the breach of a couple more key levels.
A drop below $47,643 and $46,792 should offer the initial indications required. Additionally, I delve into the broader pattern and its defining characteristics.
BTC - 1.8B of OI entered and no signal for reversalBTC - 1.8B of OI entered and no signal for reversal
in most cases, good reversal appears
1. after MEssive liquidation (didn't happen yet)
2. After series of SL hunts in a range
3. Structure change.
we don't have any of it yet.
Watch fulll video to see my plan!
BTC - Detailed Update 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC - $447m of Oi entered the market - soon it will make a moveBTC - $447m of Oi entered the market - soon it will make a move
Oi (open interest) - means amout of open contracts on Exchange. More contract means bigger moves
Price is in a range for many days. Soon it will break it as it did many days ago!
BITCOIN - My View On This Trade and Coming Trends...In this video I go through the larger pattern and give you my thoughts on the smaller degree trade that we are currently following and making good gains on.
However this is just the beginning of many known moves to come which are part of a repeating serious of fractal patterns which AriasWave is based upon.
This is the reason we are in such a wonderful trade, that's because I understand very well that there can only ever be a certain amount of patterns that occur in a correction and all their variances.
I also cover psychology but not in the way most people try to make it important but in the way it really affects traders.
BTCUSD: Weekly continuation?Today's focus: BTCUSD
Pattern – Continuation (Bullish)
Support – 41,450, 38,514
Resistance – 44,713, 47,540
Hi, traders; thanks for tuning in for today's update. Today, we are looking at Bitcoin on the weekly chart.
So far, so good, as buyers continue to push at resistance and push forward with a bullish continuation idea. After rejecting the last low and forming a doji candle pattern, buyers continue to do the right things for a potential continuation pattern.
Will we see price contnue to push higher and test 47,540 resistance? We have also reviewed a few aspects of what to look for when scouting for a continuation pattern set-up.
Good trading.