Bitcoin has formed a bearish head and shoulders pattern on the hourly time frame. This pattern could potentially lead to a price drop to around $99,000 after the pattern breaks.
But as long as this pattern does not break, we cannot say that the price is bearish. Therefore, we should wait for this pattern to break to confirm a bearish trend.
systems in a broad swathe of devices like medical equipment, smart cars or in fast-growing artificial-intelligence services.
Sunnyvale, Calif.-based chip design software maker Synopsys agreed to buy Ansys in January with the deal approved by its shareholders in May. The deal would create a new design-software company that extends Synopsys' reach in simulation software for designers of microchips, cars and airplanes.
The CMA's in-depth probes can take roughly 24 weeks but can drag on longer in extenuating circumstances. That can sometimes lead to companies walking away from a deal if there is too much uncertainty.
This is a Weekly Chart for BTC and as you can clearly see the Cup and Handle Pattern that formed starting way back at the beginning of November last year. The longer it takes for the pattern to form the Stronger the signal becomes so in actuality 100,000 is just the Near Term Target but I Highly suspect now in looking at this that by January 20th when Trump is sworn into office as the President, my Target indicated here is what we are looking for and likely to expect. So you're probably much like myself and thinking that capitalizing on this long BTC Bull Run, the opportunity has passed us by as it reaches the 100k milestone, however this tells me that there is plenty of steam left ahead. For my bet though between the Miners and MSTR I think MSTR is the Front Runner in this for much better gains. Of course as always this is fwiw and imho.
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BTC Bullish projection based on historic patterns BTC seems to be following past patterns except at a larger scale. This likely means there will be a larger/longer bull market (with a bear market within the bull market).
This projection is mapped out based on previous BTC patterns, and is not something to base any investment/trading from, but more to give an idea (based on patterns) as to what could happen if history replays itself.
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â ïžThings can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! #WillBTCBreak100KSoon?
#BTCUSDT... Market placed 89000 plus high and according to technical setup that high is a reasonable high.. And now if market hold it in that case you can see a drop from here ..
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â ïžThings can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
The chart shows BTC/USD moving within an upward-sloping channel, with orange trend lines marking support and resistance. As long as the price respects this channel, the overall trend remains bullish. If BTC approaches the upper boundary, it may encounter resistance, possibly leading to a pullback. Conversely, the lower boundary could act as support in case of any declines.
Fibonacci Levels:
Fibonacci retracement and extension levels are marked, which help identify potential resistance and support zones. Key levels like the 0.618 (Golden Ratio) are shown at around 108,282.13, and a higher level near 320,008.27. Reaching these levels could attract selling pressure, especially if they align with the trend channel boundaries. Volume and Moving Average:
Volume appears to be declining as BTC/USD moves higher. This divergence can sometimes indicate weakening momentum. A sudden spike in volume (especially on a breakout) could signal renewed strength.
RSI (Relative Strength Index):
The RSI indicator at the bottom shows overbought levels (above 70), which could suggest a potential correction or consolidation in the near term. Historically, when BTC hits these overbought levels, a pullback or sideways movement often follows.
Long-Term Projections:
The price projection lines (in white) suggest two possible scenarios: a continuation of the upward trend within the channel or a potential major pullback. The price may retest support near 91,799.71 before any further upward movement. Alternatively, a sharp breakout to the upside could push BTC to higher targets, possibly above 200,000, aligning with some optimistic projections for future cycles.
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$BTC That it WAS (when Signal was given). BTC as of now trying to break Resistance... to the way to 89K! Good Luck!
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â ïžThings can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! #BTCBreaks80KATH #MicrosoftBitcoinRejection
$BTC We are waiting for confirmation based on the weekly timeframe. Let's define our levels.
Once Bitcoin closes weekly above 75,000, we are in the bullish zone and the bullish bias is confirmed. Once resistance levels all turn support. On a retrace, the following support levels will be the main levels to either maintain or negate a bullish bias:
1) 74,000 âMarch 2024 high. 2) 70,000 âPsychological level and 29-July High. 3) The 64,000 â 69,000 price range. 2021 All-Time High prices & MA200 daily.
This will be our main levels once a bullish confirmation is in.
â If Bitcoin ends up reversing and moves back below resistance like last week and the bull-trap is confirmed, we look for lower lows.
â If Bitcoin closes above resistance and former resistance turns support, we look for these levels as support to maintain a bullish bias.
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â ïžThings can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! #MicrosoftBitcoinRejection #BIOProtocol
$ENA/USDT Short Opportunity - Channel Resistance Test!
Timeframe: 1H Current Price: 0.4964 USDT Trade Type: Short
Chart Analysis: ENA/USDT is trading within a clear upward channel, with the current price action testing the upper trendline. This level has shown resistance in the past, increasing the probability of a pullback within the channel.
Resistance Level: The upper channel boundary near 0.5000 is a strong resistance zone, as seen in previous attempts to break above it. Support Level: The lower boundary of the channel, currently around 0.4250, could act as a support target if the price reverses. Trade Setup:
Entry Point: Short entry around the current price, near 0.4950. Stop Loss: Place just above the resistance line, around 0.5050, to allow some buffer. Take Profit: Target the lower channel boundary around 0.4250, aligning with the channel's support trendline.
EMA Insight: The price is above the 200 EMA (0.4165), indicating a bullish overall trend, but this trade capitalizes on a potential short-term retracement within the channel.
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â ïžThings can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! #AltCoinSeason
The price bounced off the previous high (HH) and broke through the recent high level. Now, we can wait for a retracement from the last HH, where we'll look for an opportunity to enter a buy position.
We need to be cautious of a potential false breakout, so itâs essential to wait for a clear confirmation before entering the trade.
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â ïžThings can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoin is nearing the end of a wedge pattern and the completion of wave 5 in the 1-hour timeframe. After this formation, a 3-wave correction is expected, bringing the price to a support zone around 72,750. This level holds significant technical importance and will likely attract buyersâ attention.
đ Buying Opportunity Post-Correction
The 72,750 range presents an excellent buying opportunity, as selling pressure is expected to ease, creating room for demand to increase and a potential price reversal.
đ Attractive Price Targets
Following this correction, Bitcoin could rise toward the attractive targets of 80,000 and 95,000. If buyer support holds strong, these levels could become key milestones in a potential medium-term uptrend.
đĄ Risk Management
Due to market volatility, traders are advised to proceed with risk management and carefully crafted strategies to navigate these price movements effectively.
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â ïžThings can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
The election market is rapidly cooling off and despite strong gains in both Bitcoin and Ether and optimistic sentiment in the crypto market, the options market is closing out profit taking in a noticeable way to end the election game.
BTC doomsday options have fallen below 50% and IVs are down significantly across all major terms, with ETH benefiting from today's big gains and falling back less than BTC.
Large investors have begun to layout the end of the year market or even next year's spring market, today's BTC block trading turnover of 1.2 billion, ETH block trading turnover of 600 million, are mainly to sell options, which is the main impetus for today's IV big drop, the Block in recent days is worth paying attention to, giant whales began to act.
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â ïžThings can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ETH is currently testing a double resistance area (horizontal and diagonal). This setup is ideal for a breakout trade. A clean breakout followed by a throwback would offer a favorable entry point with potential for upside movement.
Trade Setup:
Entry: Around 2,810 (after breakout confirmation and throwback) Take Profit: First target: 3,010 Second target: 3,210 Stop Loss: Close below 2,610
This breakout setup aims to capture upward momentum if ETH clears the double resistance zone. #ETH
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â ïžThings can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!