BTC WEEKLY UPDATE
We’re riding a short-term corrective wave on BTC’s D1, part of its broader uptrend. Price has moved from the 78k zone and is now heading toward 95k-98k (if the market holds strong—and it looks like it’s got the juice to get there).
This process kicked off on March 12, 2025, when BTC confirmed its upward push. Back at the 80k-81k zone, I flagged in my mapping that it’s time to LONG BTC targeting 88k. So, if this leg started at 78k and ends at 95k, we’ve already covered a 10,000-point move, with about 7,000 points left to go.
But the market’s a crafty artist—it loves painting charts. It’ll likely carve out a fresh 10,000-point swing for this new uptrend. That means a slight dip from current levels, then a climb to this cycle’s peak, giving us a full 10,000-point upside buffer.
Mapping this on the weekly (W) timeframe, here’s my play:
So, what are we waiting for? Let’s chew through BTC’s moves!
Good luck!
We’re riding a short-term corrective wave on BTC’s D1, part of its broader uptrend. Price has moved from the 78k zone and is now heading toward 95k-98k (if the market holds strong—and it looks like it’s got the juice to get there).
This process kicked off on March 12, 2025, when BTC confirmed its upward push. Back at the 80k-81k zone, I flagged in my mapping that it’s time to LONG BTC targeting 88k. So, if this leg started at 78k and ends at 95k, we’ve already covered a 10,000-point move, with about 7,000 points left to go.
But the market’s a crafty artist—it loves painting charts. It’ll likely carve out a fresh 10,000-point swing for this new uptrend. That means a slight dip from current levels, then a climb to this cycle’s peak, giving us a full 10,000-point upside buffer.
Mapping this on the weekly (W) timeframe, here’s my play:
- Hold long positions from the 80k-81k zone.
- Add to your stack when H4 corrects—load up smartly.
- Targets: Eyeing 93k, 95k, 98k.
- Avoid short scalping: Signals here are choppy—you’ll miss profits and get stuck holding bags. This isn’t the short zone yet. Wait for the D1 peak-tracking signal—that’s when we’ll catch a clean short right at the D1 top.
- Swing Short ahead: As we climb, watch for the SHORT SWING signal targeting 70k.
So, what are we waiting for? Let’s chew through BTC’s moves!
Good luck!
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.