CRYPTOVINCE - CRYPTO ANALYSIS

MERRY CHRISTMAS 🎄

The monthly candle turned green again but I think we need to reach 105k by the end of the month to close bullish and don't trigger any sell off with a doji candle.

I deleted the diagonal trend line I don't like it too much. Focusing on the horizontal Price action.

#BTCUSDT - 1D TF

https://www.tradingview.com/x/sQ2dPxoy/

Let's see.... It's good we didn't go below 91k which is the major swing low. We printed a doji which means uncertainty and the day after we went up quite fast breaking just the first resistance. Price is now bouncing off a strong level of resistance. I think breaking above 99k it's the first step to turn bullish but we have a breaker block right after at 100k which could reject price. I say a solid breakout above 101k is a LONG at this point. Below 91k it might turn bearish. In the middle it's a no trading zone for me.

Support levels to watch are 91k, 87k and 80k/77k (CME GAP)

#BTCUSDT - 1D TF

https://www.tradingview.com/x/Rl4YATFV/

Man not even the hammer is working here.

#BTCUSDT - 1M TF

https://www.tradingview.com/x/VwtTZF2M/

Click the thumb up if you think this correction is possible.

#BTCUSDT - 1M TF

https://www.tradingview.com/x/gaPGF84f/

Yeah guys. The monthly TF is not the best.

#BTCUSDT - 1D TF

https://www.tradingview.com/x/WkCxkJeb/

Price made a Lower Low (considering the wick) but it was able to close as a Bullish Hammer above support for now. We have a 6k Bullish long wick which is interesting. I didn't lose all my hope for a Bullish continuation yet, even tho the weekly and the monthly candles might close bearish. We are still inside the ascending channel. Price didn't completely break Market Structure for now. It would be nice to recover above 105k before the end of the year so the monthly candle won't look too bad.

#BTCUSDT - 1W TF

https://www.tradingview.com/x/mpl5aCzt/

Check out 2021 price action that led to the correction.

Wicks are really important in my trading analysis especially when they go take some important liquidity. I always see a reversal when I see massive wicks like that monster that happened when we went all the way down to 49k. After price recovered and went back up I was almost 70% sure that we would have gone up a lot and that's what we did. So keep an eye on the wicks.

#BTCUSDT - 1W TF

https://www.tradingview.com/x/W2eRogT2/

I like the fact that we have more wicks at the bottom of the candles that on top. Buyers are still pushing. It's not dramatic as I thought. Closing above 98k here would be cool. The bearish engulfing if we consider only the body of the candle is the shitty part of this analysis.

#BTCUSDT - 1M TF

https://www.tradingview.com/x/8fiOcfIe/

The monthly might close as a doji and that's not awesome to be honest.

#BTCUSDT - 1D TF

https://www.tradingview.com/x/Lj0sxD0i/

Well the evening star made a fucking mess here. I thought we were going to have a small correction but price went all the way down to 92k. Price took out a swing low (bad news) but it was able to bounce really really good here and it's printing a bullish hammer with a pretty long wick (I love massive wicks). If we can close above 96k I think we can keep a bullish bias, even above 94k won't be too bad I think. The problem comes with the weekly and the monthly TFs cause if this looks like 50-50 the higher TFs are really fucked up.

#ETH dumping big time too.. Rejected at major resistance level.

Shit. The evening star pattern is leading to a more intense correction than expected. We were not able to hold above 100k and we are going towards the Swing Low. If 94k doesn't hold we can go all the way down to 91k and if Market Structure breaks then we might see a major correction to fill CME GAPs below. There's one GAP located at 80k which scares me.

#BTCUSDT - 1D TF

https://www.tradingview.com/x/0aClYqju/

Price went slightly lower than expected but we are back above 100k at least. Hopefully it continues upwards.

BITCOIN and the STOCK MARKET dumped because of this news.

https://www.cnbc.com/2024/12/18/fed-rate-decision-december-2024-.html

#BTCUSDT - 1h TF

I had this small prediction on BTC I forgot to post. Bullish Pennant breakout + re-test and continuation towards 95k.

It did 94k to 98k in only 2 hours LOL

BITCOIN smashed 95k and it's heading towards 100k 😍... Mamma mia! I don't have too much data at the moment to make predictions so let's keep an eye on the smaller TFs to see how the Market Structure behaves. Indicators are becoming overbought (especially RSI on weekly) so a correction could happen, if FOMO doesn't kick in after 100k.

Almost there... 95k prediction in just 2 weeks after breaking 74k (old ATH) ✅

(ChatGPT smarter than me 😂)

"Bitcoin is currently exhibiting strong bullish momentum, trading near historical highs. As of now, Bitcoin's price hovers around $92,000 to $94,000, close to its record high of $93,700, achieved recently. Market sentiment remains positive, driven by increased institutional adoption and the launch of new Bitcoin ETFs like BlackRock's iShares Bitcoin Trust, which has fueled optimism for continued price growth​​​​.

Key Technical Indicators:

1. Moving Averages: Bitcoin is well above the 50-day, 100-day, and 200-day moving averages, suggesting sustained bullish momentum. A recent "golden cross" indicates potential for further upside​​.


2. Relative Strength Index (RSI): The RSI is at overbought levels (~79), which could lead to short-term corrections. However, strong buying pressure may sustain the uptrend​​.


3. Support and Resistance: Immediate support lies around $80,000, with resistance at $94,000. Breaking above this level could pave the way to the psychological milestone of $100,000​​.


4. MACD: Positive MACD readings reflect strong upward momentum, reinforcing the current bullish outlook​​.



Market Drivers:

Institutional Inflows: Increased participation from institutions and the popularity of Bitcoin ETFs have strengthened the market​​.

Adoption and Sentiment: Broader adoption for payments and extreme optimism in market sentiment (as indicated by the Crypto Fear & Greed Index) are boosting demand​​.


Risks:

Overbought Conditions: Current RSI levels warn of a potential pullback if demand weakens.

Geopolitical and Regulatory Risks: Geopolitical tensions and uncertainty around regulatory developments could introduce volatility​​.


Analysts are cautiously optimistic about Bitcoin reaching $100,000 by the end of November 2024. If the price breaks past resistance at $94,000 and maintains momentum, this target is achievable. However, given inherent market volatility, investors should remain vigilant and consider the potential for corrections​​."

Even fucking XRP and LTC broke out 😂

It looks like, out of the blue, every damn ALTCOIN is breaking Bullish from 50 to 100%... I don't think there's a rule to spot which one will be next, they just randomly explode...

62% bullish - Well most of you are bullish I guess seeing the overall situation. I'm with u all. 100k next target?

My ETH prediction.

https://www.instagram.com/reel/DA4HRUmNkvY/?igsh=MXZvaDU4c2VuM2FteQ==

I find it hard to trade it when it's traveling in un-charted territories but for now let's keep a Bullish Bias and keep following the Market Structure as we always do. It took a break here and for now bears didn't do too much damage. The overall situation seems positive (Halving, US Elections, rate cuts, breaking ATH), it should keep going. 🤞

#BTCUSDT - 1h TF

https://www.tradingview.com/x/BkI5SwrF/

BITCOIN ranging between 93k (ATH) and 86k (Swing Low). I'm not sure if it will keep going or drop here because I don't have too much data or PA to help me. I would consider a LONG if it breaks supply and SHORT if it breaks demand. Simple as that.

😁😁😁😁😁

Never remove your STOP-LOSS

https://www.instagram.com/reel/C8auPACgQEv/?igsh=ZGl5OXpmd3U5eDAy

😂😂😂😂😂

https://www.instagram.com/reel/DCVKB4GxI4c/?igsh=aGpvYTJsa3lvYTJ6

Soooo many ALTCOINs breaking out with huge dildos. Check ADA and XVG.

TOTALMARKETCAP: slightly broke ATH

BITCOIN: keep an eye on the 85k swing low if that gets taken out, we might go feel the GAP around 77/80k. We need to make a higher-low in order to keep the bullish momentum. I would trade a breakout of ATH tho.