Bitcoin Double-Top: A Repeat Of 2021?Back in 2021, Bitcoin hit a major high in April. 210 days later a slight higher high, and a technical double-top, was hit in November.
The first high toward April 2021 was preceded by rising volume.
The second high toward November 2021 was preceded by decreasing volume.
In 2024, the first high reaching March was preceded by rising volume.
The second high toward October 2024 was preceded by decreasing volume.
➢ The November 2021 higher high/double-top ended in a major crash (the decreasing volume was a strong revealing signal).
➢ The October 2024 lower/higher high/double-top has very low volume and also very, very low market participation, only whales are playing right now (no retail).
Will the second high of 2024 lead to a major crash?
This is a high probability scenario.
Bearish at resistance.
Bullish at support.
Q: What is the difference between December/November 2022 and October/November 2024?
A: The price... One was a bottom and the latter is a top.
Patience is key.
Thanks a lot for your continued support.
Namaste.
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Bitcoin: Fed Cut, Spot ETFs, Michael Saylor, Doubts & Questions I am always considering the other "side," the competing point of view. I always accept what others are saying, try to see things the way others see it.
Everyday, I try to see Bitcoin moving higher and I stay open to 100K. I've been open and waiting since March 2024 and with every day that passes I get more and more convinced that 100K is not happening, but instead we are seeing a massive consolidation phase.
But I never give...
— What am I not seeing?
— What are they seeing that I am missing?
— Why or how do I see lower highs on the chart, am I making them up?
— Are prices rising and somehow I am ignoring this?
— Did Bitcoin hit 84,000 on a wick on the 5th of August and somehow I saw it in reverse?
— Where am I wrong?
— What am I missing?
But with each passing day, I am more and more convinced that my friends here might be wrong. It is painful but I have to accept that I might be seeing it the way I think I see it... But I keep trying.
Ok... What are the signals that you look for a bullish breakout to happen?
High volume, a major low being hit, bullish divergence on the indicators, low prices after a major bearish cycle, etc. Are these present here? No.
Ok... Maybe you are justified in thinking that the chart is bearish.
Maybe you are not fooling yourself.
Maybe these people are wrong...
But how can they be wrong, if they are wrong it means I am right, and if I am right, it means that Bitcoin has been going down and not up since March 2024.
Let me ask you a question, what is the difference between October 2024 and October 2023?
In October 2024 Bitcoin is trading at $67,800 and the price was around $26,000 in October 2023.
Do you belief Bitcoin will hit $100,000 in October 2024?
Of course not. This is very unlikely.
Do you think Bitcoin will remain at the same level in October 2024?
Leave a comment.
What tends to happen before the elections?
If Bitcoin is ultra-bullish, why is it not already trading at $90K?
If we have Michael Saylor claiming to the moon, the Spot ETFs, Fed Cuts and the rest, why is Bitcoin not trading at 100K already?
Why Bitcoin has not grown in the last 7 months?
Because we are in the distribution phase, and the distribution phase ends in a major crash, prices go down not up. That's why. It is because after a bullish wave, the market produces a correction.
We are in the correction phase right now. Only after the correction is over we can see growth.
But Michael Saylor bought Bitcoin!
The company that he runs bought Bitcoin, it is likely that on the outside he is building a massive SHORT.
Namaste.
GOLD 1H AND 4H CHART ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the charts today with our 1H chart complete and 4h chart targets also smashed. We got the EMA5 cross and lock above 2762 opening 2772 and 2781, which were hit today completing this 1h chart idea (please see below)
Our 4h chart also had ema5 cross and lock above 2737, opening 2760 and 2779, which were both hit completing this range. We now have ema5 lock above 2779 opening the range above. We always take caution chasing targets all the way to the top and that why using our Goldlturns to buy dips is the safest way to chase targets in a new range
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2760 (EMA5 LOCK ABOVE 2737 WILL FURTHER CONFIRM THIS) - DONE
POTENTIALLY 2779 - DONE
EMA5 CROSS AND LOCK ABOVE 2779 WILL OPEN THE FOLLOWING BULLISH TARGET
2797
POTENTIALLY 2814
BEARISH TARGETS
2737 - DONE
2715
EMA5 CROSS AND LOCK BELOW 2715 WILL OPEN THE SWING RANGE
SWING RANGE
2693 - 2669
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART MARKET UPDATEHey Everyone,
Another great day on the chart for us today with price rejection on the final range after hitting all our targets. As shared yesterday we don't like chasing targets all the way to the top on a new range and safer to buy dips and that's what we have been doing,
Today once again we were able to use our 1H chart levels to buy 30 to 40 pip dips from our strategic levels even against todays trend. That's the power of our chart setups!!
We now have a gap left on the top of the range and seeing price reject into the 4H chart retracement range. We expect a reaction here for a bounce or a cross and lock below this range will see the swing range.
We are now also seeing price back in the range on both 1H and 4H chart and therefore the levels and our cross and lock weighted levels are active once again, for us to track and trade the movement.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2760 (EMA5 LOCK ABOVE 2737 WILL FURTHER CONFIRM THIS) - DONE
POTENTIALLY 2779 - DONE
EMA5 CROSS AND LOCK ABOVE 2779 WILL OPEN THE FOLLOWING BULLISH TARGET
2797
POTENTIALLY 2814
BEARISH TARGETS
2737 - DONE
2715
EMA5 CROSS AND LOCK BELOW 2715 WILL OPEN THE SWING RANGE
SWING RANGE
2693 - 2669
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
BTC towards $76k!hello guys
Channel Breakout: Bitcoin is moving within an ascending channel, with price action close to the upper boundary, indicating bullish momentum.
Resistance Test: After breaking above a long-term downward trendline, Bitcoin has held steady, suggesting that the previous resistance is now acting as support.
Next Target Zones: Price is heading toward the next resistance area around $74,000–$76,000, highlighted by potential bullish continuation patterns.
Upside Potential: A successful breakout above the $76,000 level could propel Bitcoin toward the $80,000+ range, fueling further optimism for a strong uptrend.
Watch for Retests: If Bitcoin retraces, it could find support within the channel or around the previous breakout point, making these ideal zones for potential entry.
Be careful with Apple !!!In my opinion, the shares of this company should be 13.4% lower than the current price, which means at $199 .
So, any correction in the shares of tech giants is an opportunity for investment entry....
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
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✅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!!
Lingrid | GOLD reached Historic HIGHSThe price perfectly fulfilled my previous idea. It hit the target zone. OANDA:XAUUSD has reached another all-time high after breaking and closing above the triangle pattern. The market has been forming small candles, which may indicate a potential pullback, especially with high-impact news scheduled for today that could influence market volatility. I believe the market might retest the previous day's high before moving higher towards another psychological level. Keeping an eye on the news and price action will be essential for determining the next moves. My goal is resistance zone around 2800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Can BNB reach around $1000 ?...The BNB is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD)
Note: we should wait for the breaking of the triangle and than make a move!
See my first anaysis on BNB in 2020
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅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!!
Binance Coin Last Call Before The Crash (5X Short Incl.)This analysis is kept simple by using the line chart.
You can say that the more a resistance level is challenged, the weaker it becomes, and this is true. Looking at BNBUSDT, we have a flat top working as resistance and while the pair has been trading very close to this resistance level, it is not being challenged.
After the June 2024 fake breakout, a bull-trap, the May 2024 high hasn't been challenged once and the March 2024 peak price also remained unchallenged.
Compared to late 2023 and early 2024, current trading volume is non-existent. This type of behavior tends to predict a price crash.
It is easy to keep it simple using the line chart, there is no noise just the price trend. It is easy to spot an uptrend (left side) followed by sideways (center). After sideways we can see a bearish impulse (right side) to complete the pattern that is being drawn on the chart.
There is an active trade for this pair, already green and the numbers are live (trading within entry range) if you want to join.
✴️ Binance Coin At Resistance, Medium-Risk 5X SHORT—246% Potential
The market always gives a second chance but it rarely gives a third. This is the last call before the crash.
Thanks a lot for your support.
Namaste.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
In Sunday's KOG Report we gave the levels of interest above that we wanted to long into and then said we would be looking for RIPs there to short the market. We did get a bit of a stretch and range above, but the 2780-85 region worked well together with KOG's bias of the day completing all the bullish targets and then giving us the move down that we wanted today following the bias level targets and the red boxes. A phenomenal move on Gold which may have caught many traders by surprise, but after the move we've had, it's normal to see this type of pullback.
Now we've tapped into the order region and price looks like it's exhausting, we will suggest no shorting here, rather be looking for the 2730 level to hold us up and for there to be a potential move upside into the initial levels of 2745 and above that 2750. Expect there to be a lot of ranging and choppy price action now pre-event NFP tomorrow. For now, that's been a pretty accurate week again for the KOG Report.
As always, trade safe.
KOG
THE WOLF on TradingView PIVOT POINTS; low and high which show to have a breakout above the blue MA. Simple strategy just like WAVE PHASE 2. Same pattern for phase 4.
I drew a $69K blue horizontal line which I don't see happening but in case it does. Here we know what to expect. for a later PULLBACK.
The phases I'm more concerned about, are the TSUNAMI WAVES.
WTI Crude Oil Outlook: Eyeing Potential Demand Zone RecoveryWTI crude oil is currently trading around $68.25 as of this Tuesday, following a significant gap-down opening to start the week. The move lower was largely influenced by easing tensions in the Middle East, as recent developments suggested a more contained military approach, which alleviated fears of a broader conflict that could disrupt oil supply.
Upcoming U.S. Economic Data: GDP and Nonfarm Payrolls in Focus
The U.S. economic calendar this week includes key data releases, beginning with the flash Gross Domestic Product (GDP) report for Q3 on Wednesday, projected to show an annualized growth rate of around 3%. A stronger-than-expected GDP figure could bolster the USD, adding pressure to USD-denominated assets like crude oil, as a stronger dollar makes oil more expensive for holders of other currencies. Following the GDP report, Friday’s Nonfarm Payrolls will provide additional insight into U.S. labor market conditions, which could further influence dollar strength and, subsequently, WTI prices.
Technical Analysis: WTI Trading in Demand Zone
From a technical perspective, WTI crude is currently positioned within a demand zone, where buyers could be eyeing a recovery of Monday's gap-down. This demand zone represents a critical area where traders are observing whether buying interest will drive prices higher to close the gap. A recovery attempt here, with a tight stop loss, could offer a favorable risk-to-reward setup, particularly if data later in the week doesn’t significantly strengthen the USD.
Conclusion
The WTI crude oil market remains vulnerable to geopolitical developments and U.S. economic data this week, with a stronger USD potentially capping any recovery attempts. However, should the upcoming data align with current estimates or underperform, there may be room for WTI to rally from its demand zone, attempting to reclaim some of the lost ground from the recent gap-down. Traders may want to monitor these key levels and events closely, as they could provide both direction and confirmation for near-term price movement in WTI crude oil.
✅ Please share your thoughts about WTI in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Momentum is shifting into overdrive: BULL RUN detected! "Bitcoin seems set for another bull run"
Trend Detector Channels Explained:
Algo Channel: This channel uses volatility to shape dynamic bounds around a moving average.
Premier Channel: Range Detection, Calculates the highest high and lowest low over a defined channel span.
Volatility Gauge: Leverages ATR to monitor volatility shifts.
Trend Strength: A strong trend emerges when ATR exceeds a certain threshold.
If ATR is above half of that level, the trend is 'medium.'
Anything below is 'weak.'
Interestingly, the Algo Plotter has flashed two bullish confirmations, which are independent of stochastics and distinctly plotted.
Historical Patterns
Reflecting on historical patterns, there’s a timeline from the start of Wave 2 to its ATH, which I’m comparing to the current Wave 4. If they’re in sync, we might have about five candles left. But, given the setup, I suspect we’ll see a unique twist this time around."
ATR
"This configuration compresses a 14-day time frame into a 4-hour snapshot. I realigned the ATR lines to bring the full 14-day scope into focus within this compact view. With two entry points, there’s flexibility to catch the move—whether you missed the first or prefer waiting for confirmation on the second. Two profit targets round it out, providing smart checkpoints for capturing gains."
1 2 3 pattern
"The current bull market is set to culminate on 12/31/26, marking the transition into a bear phase that may extend for roughly six years."
THE KOG REPORT - Update End of day update from us here at KOG:
Yesterday we said we would be looking for the pull back into the lower support regions in order to long again and attempt the outstanding target in Gold 2779 and 2780. Both these targets are now complete but we didn't get the entries that we wanted for them. Instead, we had to switch to the red box indicator which gave us a few decent trades for the day in to the levels that we wanted. We are getting the RIP's from the regions we've highlighted, but nothing significant to be able to say we're going to see the swoop we want.
Now, again, I'm happy to sit and wait, we're too high to want to long due to potential profit taking and we still have higher levels open for the target. 2790, 2800 and above that 2804 which are sitting above the red box support are there, however, we have a pullback region of 2765 which gives us the potential range. I would rather we short from higher, or attempt the long from lower, otherwise, the range is to be played 2775 to 2795.
As always, trade safe.
KOG
BTC - Bearish Pressure Soon?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per my last analysis, attached on the chart, BTC rejected the red structure and traded higher creating a new short-term structure marked in orange.
However, BTC is currently hovering around the upper bound of the channel and all-time high $74,000.
🏹For the bulls to remain in control long-term , a weekly candle close above $74,000 is needed.
📉In parallel, if the last minor low at $71,000 is broken downward, a bearish correction towards the lower blue trendline would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Shiba Inu Update: Including 5X ShortHere we have a trading range. Our main target is 0.00001245, as part of this range, but prices can go lower on a strong drop.
There was a peak in mid-July.
There is another peak in September.
The September peak is being used as the top of the trading range. Challenging this level led to the first drop. After this drop we have a small bounce and currently lower high.
Interesting part and supporting bearish signal, the peak 29-October, the lower high vs September, trades lower than the mid-July peak. This strengthen the bearish case and further supports this pair moving lower.
If SHIBUSDT moves and closes above 0.00002017, the bulls become stronger. If it crosses 0.00002173, it moves out of our trading range. While the bearish bias would be valid long-term, short-term it becomes nullify. As the chart is looking now, the bearish potential remains strong and intact.
There is also really low volume recently. Based on this information, I am still bearish and expect lower prices.
It might be the last chance to enter the Short before Shiba Inu (SHIBUSDT) moves ahead. The price is within entry level, the lowest entry; but remember, market conditions can always change.
✴️ Shiba Inu Trading Range, Medium-Risk 5X SHORT—172% Potential
This is not financial advice.
Thank you for reading.
Namaste.
Lingrid | AUDUSD Possible CHANNEL Breakout: Buying OPPORTUNITY FX:AUDUSD showed bullish momentum after bouncing off the support level, following a bullish divergence at that point. The market's recent move upward, particularly after taking liquidity below the 0.65500 level, suggests a short-term shift in sentiment. I expect that the market may be forming an ABC pattern heading toward the resistance zone, which could lead to a breakout of the channel. Additionally, the TVC:DXY has formed a bearish long-tailed bar at its resistance zone and is currently showing signs of moving down. This development is likely to support further bullish movement in the AUDUSD market. My goal is resistance zone around 0.66100
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
NEAR Protocol: The Bearish ImpulseNEARUSDT (NEAR Protocol) started growing from a low point that was hit mid-August 2023. This low point was a price of 0.9254. After some consolidation, a bullish wave developed (mid-October 2023) that lasted 148 days, until 15-March 2024. Total growth for this period amounted to 873%.
The end of the bullish wave signals the start of a bearish wave, a correction. The correction has been now ongoing for 229 days. We can say that this is a very long correction, but the market has been mostly sideways. knowing what comes after, the bull-market, it is normal that any bearish action must unravel before this event.
NEARUSDT produced a strong drop in early August but quickly recovered to test MA200 as resistance and this resistance holds. With resistance being confirmed, the pair is set to move lower in order to test the latest low as support. Since we have lower highs long-term, we can expect the previous low as support to break; we are looking at a bearish impulse, the last drop of 2024.
Thank you for reading.
Namaste.
Worldcoin, One Final Drop; Bitcoin & The Altcoins MarketThe great thing about technical analysis is that there are always so many signals, so many different dimensions from which we can approach a pair, a chart, a market.
If we develop a market bias, we have so many ways to either support or refute its value. We can consider a combination of signals or a single signal in isolation. We can consider chart patterns, chart structure, marketwide action, sentiment, indicators, correlations and the rest. It is truly amazing and greatly entertaining. We can have fun while we learn.
Here we have Worldcoin (WLDUSDT) and it has been red for a while already, so surely it comes to mind to think that the correction is over or either to think that it can't go any lower because it already corrected for long. The market doesn't care about time though it does what it does.
When prices are rising and set to rise, the biggest volume bars in the cycle tends to be green.
When prices are declining and set to continue lower, the biggest volume bars always end up being red. Seeing the big red volume in early August and 15-October tells us that additional bearish action is possible.
I am choosing these pairs by looking at leveraged pairs on Kucoin, in this case I saw WLDDOWNUSDT 2-4x Short. When Bitcoin peaked yesterday many of these pairs went ultra-bullish and this gave me a signal that some people in the know are preparing for a drop. This isn't surprising because many other signals are pointing towards the same, this only works as confirmation and makes our bias stronger.
In March 2024, both Bitcoin and Worldcoin were trading at new All-Time Highs, in fact, most of the market was doing really good. Now, in October 2024, Bitcoin is trading near its All-Time High but Worldcoin and most of the market is trading very low, WLDUSDT is trading near the same price it traded back in November 2023, this is a huge discrepancy and a warning signal.
We have another drop, a strong one, coming next. This will be the last drop, based on my calculations, for 2024 and this will set the market low. After the bottom is in, we will have a nice recovery coupled with long-term growth.
I appreciate you.
Thank you for your time and for your continued support.
It is my pleasure to write for you day after day.
Thank you for reading.
I'll see you on the next one.
Sounds good?
Feeling great.
Namaste.
Bitcoin : Flag Trading Pattern Trading Setup:
A Trading Signal is seen in the BTCUSDT Bitcoin (1h) ( Futures )
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 70600.0
⭕️SL @ 69100.0
🔵TP1 @ 75900.0
🔵TP2 @ 78270.0 Flag Target
🔵TP3 @ 81000.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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#NAS100 4HNAS100 4-Hour Analysis
The NAS100 index is currently trading within a rising wedge pattern on the 4-hour chart, a typically bearish structure that hints at a potential reversal. This pattern suggests that upward momentum may be slowing down, creating a favorable setup for a potential sell opportunity.
Technical Outlook:
- Pattern: Rising Wedge
- Forecast: Bearish (Sell Opportunity)
- Entry Strategy: Look for sell setups near the upper boundary or upon breakdown of the support line
Traders may consider entering a sell position within the wedge or wait for a clear breakdown of the support line to confirm bearish momentum. Additional confirmation from indicators like RSI showing overbought conditions or MACD displaying bearish divergence can strengthen this sell setup.
BTC's Next Moves: Key Levels to Watch!hello guys!
Technical Analysis:
Primary Uptrend: After a sharp breakout from the triangle pattern, Bitcoin is moving towards the target zone around $73,500–$74,000.
Two Possible Scenarios (Based on Arrows):
Scenario 1 (Immediate Rally): BTC could maintain its upward momentum, bypassing the lower support and heading directly towards the upper target zone around $73,500–$74,000.
Scenario 2 (Pullback and Retest): BTC may temporarily retrace towards the highlighted support area (~$71,500) before resuming the uptrend towards the target zone. This pullback would provide additional support confirmation before a potential rally.
In summary, BTC’s next steps could either see a continued surge or a brief retest of support before reaching its triangle target. Keep an eye on these levels for optimal trading setups! 🚀