BUYS: -Break above the 4HR bearish order block with body candle close. -Retest the failed bearish order block. -Form a bullish engulfing candle to capitalize longs targeting $3080 and higher.
SELLS: -Rejection from 4HR order block and break below CHOCH level @2778.52 with body candle close. -Retest the CHOCH level. -Form a bearish engulfing candle to look for potential shorts towards $2674 and deeper.
Bitcoin 2024 - 2025 Cycle Analysis - [ELLIOTT WAVES] I bet you’ve already seen the chart, but let me drop a few explanational words.
As you know, every movement has the following structure: «impulse - correction - impulse - correction - impulse». Speaking very roughly, this is what Elliott Waves 1-5 pattern is about.
Taking a mark of $16,000 as a bottom (and final) of the previous descending movement, we can also consider it as a start for a New Upward Movement.
1️⃣ The first wave (impulse) will be finished at 38.2% level by Fibo. This is $48,500 mark on Bitcoin. Q1 - Q2 of 2024.
3️⃣ The third wave will be finished at 78.6% level by Fibo. This is $86,000 mark on Bitcoin. Q2 - Q3 of 2024
5️⃣ The last fifth wave finished at 100% by Fibo. This is $100,000 - $110,000 levels on Bitcoin. Q1 of 2025
And as you can see, corrections during the first three waves usually are very tiny. If you are waiting for a massive correction down to buy more crypto… good luck to make a purchase at $70,000 by the end of 2024
I've been getting number of requests regarding sharing coins from long term perspective. Well, GALA had a pretty beautiful Weekly candle close during October end. I am expecting Metaverse and Gaming coins to pick pace in next couple of days/weeks. A huge Double Bottom structure spanning over nine months with nice liquidity hunt to the downside, I feel like accumulation time for GALA is Likely over and any corrections from here should be Buy opportunities.
PS :- Buy it only if you're gonna hold it. Not a scalp of swing setup but a positional one.
According to my expectations in the last analysis, the XRP
currency has seen a notable increase in value.
We started with a long-term buy signal at a price of $0.54. After beginning to trade, the currency experienced a quick jump, resulting in a profit of 22% rapidly and for free.
My free signals are well followed, and most of them have shown a profitable performance so far.
Currently, I continue to expect that XRP will continue its upward trajectory to reach a price of $1.
• Preparing for a significant bullish rally. • Descending channel breakout already confirmed with strong volume. • Anticipating a substantial recovery in the near future. • Expecting a move towards $25 to $30. • Caution: Keep an eye on this and manage your risks wisely. 📈 #CryptoMarket #BullishRally
Here are the 5 golden rules every Pro Trader lives by:
1. Wait for the Right Entry - Timing is everything. 2. Define Loss Before Entry - Know your exit before you step in. 3. Accept What Market Gives - Stay adaptive and flexible. 4. Focus on the Process, Not on P&L - Trust the process, results will follow. 5. Take Small Breaks - Refresh and refocus.
Consistency and discipline are key. Stay ahead of the game and trade like a pro! 🚀
As anticipated, SOL coin delivered substantial profits, approximately 100%.
Though there were fluctuations in its price movement, the overall increase was robust. We entered at 21 dollars, and currently, the trading price hovers around 46 dollars.
I foresee some corrective movements before the price potentially embarks on another upward trajectory. For those considering a new long position, the optimal entry points would likely be:
BTC Closed Monthly Candle Very Bullish which is usually the case in October but now lets see what November has to offer. BTC still stuck below the Monthly resistance range till 37k and once BTC clears this level then it can easily hunt Buy Side Liquidity around 40k - 45k. However there is still unmitigated liquidity below 24.8k -19.5k since the beginning of 2023. Trust me Market Algorithms never leave the liquidity behind for long.
So Plan is simple if BTC corrects and accepted below 30500 then we may see the unmitigated liquidity around 24.8k - 19.5k gets mitigated otherwise 40k -44k coming.
First Bitcoin ETF trades $1.5B as GBTC 'discount' echoes $69K BTC price
Bitcoin institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold.
Data from resources including Bloomberg showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows.
Hints that the U.S. might soon allow a Bitcoin spot price-based ETF have not only impacted BTC price action — the surrounding ecosystem has benefitted in kind.
In addition to exchanges and mining firms, embattled institutional investment options are also seeing a resurgence in demand.
As noted by Bloomberg senior ETF analyst Eric Balchunas, at least two household names saw “notable” volume in the trading week through Oct. 27.
Among them was the ProShares Bitcoin Strategy ETF (BITO), the first futures-based ETF to get the green light in the U.S. in 2021.
“$BITO traded $1.7b last week, 2nd biggest week since its wild WEEK ONE,” Balchunas wrote in part of X commentary.
He noted that the stalwart Grayscale Bitcoin Trust (GBTC) fetched $800 million in volume, helping reduce its discount to the Bitcoin spot price to two-year lows.
“That's $2.5b (top 1% among ETFs) into two less desirable methods (vs spot) for exposure = while we think spot ETFs unlikely to set records on DAY ONE, clearly there's an audience,” the X post concluded.
Others also picked up on the data, with William Clemente, co-founder of crypto research firm Reflexivity, describing ETF trading as "back in full steam."
As Cointelegraph reported, GBTC has seen a remarkable comeback in recent months, even prior to BTC/USD gaining 15% last week. #etf #gbtc #BinanceSquare