Bitcoin: 120 In April, 140-150 In MayIt is time to connect. It is time to participate, to be around and to be in the market. The time to be out is already gone, this was between December - February. Now it is wise to be in and participating, in order to have an early start.
It is truly a life changing opportunity, being present and participating in the Cryptocurrency space. We are approaching to the best ever, the biggest event this market has to be offer, it is wise to be first.
Good afternoon my fellow Cryptocurrency trader, I hope you are having a wonderful day.
Bitcoin closed last week at $94,000. The week prior, $96,000. This week, what will it be?
Last week Bitcoin opened at $96,000 but crashed toward $78K. It then recovered and closed at 94. The bearish action was nothing more than short-term noise. Similar things can happen this week. Bitcoin is ultra-bullish when it trades monthly above $80,000. Please keep this in mind. We are in the buy-zone.
Bitcoin is great now and soon it will be going up.
Based on very rough estimations, we are going to be seeing Bitcoin trading around $120,000 in April 2025. That's my prediction if the action develops as I've been saying lately. If Bitcoin closes this week at 85,000, 88,000 or 92,000 makes no difference at all. What matters and what is really important is long-term growth.
What difference would it make if the week closes at 87,000 but next week Bitcoin trades at 98k? What difference would it make? None. We are going up so it is better to focus on the long-term.
By the month of May, mid/late, we can have Bitcoin trading at $140,000 or $150,000, this would be pretty good. Any retrace or correction will be fast or slow, we are set to experience long-term growth.
The final target for the cycle top is likely to happen late this year, we will adapt if market conditions change. The bull-market can become an "extended bull-market," let's hope this is the case.
The Altcoins will blow up. Major projects such as Ethereum, Cardano, XRP and Solana will reach numbers not possible to predict with a chart. This is all great.
Trading volume is very low this week and last week as the market turns red. When the market is green, volume goes up. This reveals a bullish bias. Bullish means growth.
Thanks a lot for your continued support.
You are appreciated. :)
Namaste.
1-BTC
BTC/USDT Technical Analysis – Bearish Outlookhello guys.
Market Structure & Pattern
Bitcoin is forming a descending wedge, with lower highs indicating weakening bullish momentum.
The price is testing the ascending trendline support, which, if broken, could lead to further downside.
Anticipated Move
A short-term bounce may occur, but a rejection from resistance is expected.
BTC is likely to break below support, leading to a move toward the $80,000 - $81,000 demand zone.
Key Levels to Watch
Resistance: $89,200 – $90,000 (Potential rejection area)
Support: $85,000 (trendline), then $80,000 - $81,000 (target zone
)
Confirmation & Invalidations
A confirmed break below the trendline supports the bearish outlook.
Bullish invalidation: A strong breakout above $89,200 - $90,000 could shift momentum back to the upside.
---------------------------------
Conclusion
The current structure suggests a bearish breakdown, with a target of $80,000 - $81,000 unless resistance is broken. Monitoring price action at key levels is crucial for confirmation. 🚨
BITCOIN - Price can continue to grow inside rising channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago, price entered a falling channel, where it reached resistance line and then continued to fall.
In a short time, price declined to $98000 level, after which rose a little and then dropped to support line of channel.
After this, price rose to resistance area and soon broke $98000 level and continued to decline next.
BTC fell to $83600 level and even lower, thereby exiting from falling channel and started to grow in another channel.
In rising channel, Bitcoin grew a little and then corrected, after which it continued to move up.
So, I expect that Bitcoin can correct a little and then rise to $98000 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Powell’s Speech & Bitcoin’s Decline: Is More Downside Ahead? Today, Fed Chair Jerome Powell is set to speak, and traders should brace for potential market volatility! Given the recent economic data , his tone is likely to be balanced but leaning hawkish .
Why a More Hawkish Powell?
1- Strong Job Market :
Unemployment Rate : 4.1% (Still low)
Non-Farm Payrolls (NFP) : 151K (Decent, but lower than before)
Average Hourly Earnings : 0.3% (Steady wage growth)
This suggests that the labor market remains resilient, which might discourage the Fed from cutting rates too soon.
2- Inflation Still a Concern :
Wage growth and inflationary pressures persist, which means Powell may emphasize keeping rates steady longer to combat inflation.
3- Markets Are Too Optimistic on Rate Cuts :
Investors are heavily betting on rate cuts in 2024, but Powell may push back against these expectations to prevent excessive risk-taking.
Powell will likely maintain a cautious yet hawkish stance to manage expectations. Big price swings are expected across forex, crypto, and commodities—so stay alert! (Of course, this is just a personal analysis).
In addition to Donald Trump , Signs Executive Order to Create Bitcoin Strategic Reserve
Of course, today, we didn't see any strange movement in Bitcoin, and probably, the proverb " buy the rumor, sell the news " was fulfilled.
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Now let's take a look at the Bitcoin chart on the 1-hour time frame and also take help from technical analysis tools .
Bitcoin ( BINANCE:BTCUSDT ) is in a Heavy Resistance zone($93,300_$89,250) and has started to decline from Potential Reversal Zone(PRZ) .
From a Classic Technical Analysis , Bitcoin appears to move in a Symmetrical Triangle .
According to Elliott Wave theory , Bitcoin has completed the Double Three Correction(WXY) , and we should wait for the next bearish wave .
I expect Bitcoin to attack 200_SMA(Daily) again after breaking the lower line of the Symmetrical Triangle .
Note: Bitcoin is likely to pump more if the symmetrical triangle's upper line breaks.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin may reach resistance line and then drop to 83400 levelHello traders, I want share with you my opinion about Bitcoin. A few days ago, Bitcoin entered a descending wedge and began to decline within it. Soon after, the price dropped to the seller zone, which aligned with a resistance level, and eventually broke through. Following this move, BTC quickly fell to the 83400 support level, which coincided with the buyer zone, and even dipped below, breaking through the level. After reaching the wedge’s support line, Bitcoin immediately reversed and started moving upward. In a short time, the price reclaimed the 83400 level, performed a retest, and continued its upward movement. Later, BTC climbed to the resistance level and briefly entered the seller zone, where it consolidated near the wedge’s resistance line before dropping back to the buyer zone, breaking through 93600. Within the buyer zone, the price touched the wedge’s support line before making a strong impulse upward, breaking back above 83400. Currently, BTC is still moving higher, and I anticipate that the price will reach the wedge’s resistance line before reversing downward. Based on this scenario, my target is set at the 83400 support level. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin may reach trend line and then drop to $83000Hi folks today I'm prepared for you Bitcoin analytics. A few days ago, the price surged from the resistance zone, aligning with the resistance level, and climbed toward the trend line. However, it soon reversed and began to decline within a wedge pattern, eventually dropping back to the resistance zone. After that, the price bounced off and moved up to the trend line before resuming its downward movement. Not long after, the price fell to the wedge’s support line, briefly breaking through the resistance level. However, it quickly recovered and returned to the resistance zone, where it consolidated for some time. Shortly after, BTC reached the trend line, which also acted as the wedge’s resistance line, and then dropped again to the support level, this time breaking below 96600 and exiting the wedge pattern. Following this breakout, Bitcoin started to rally and eventually climbed close to the trend line, before making a correction down to the 83000 support level. Recently, BTC has shown signs of recovery once again, so I anticipate that BTCUSDT will retest the trend line before reversing downward toward the support level. Given this setup, my goal is set at 83000. If you like my analytics you may support me with your like/comment ❤️
BRIEFING Week #10 : Dollar reversed, WTI may be nextHere's your weekly update ! Brought to you each weekend with years of track-record history..
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BITCOIN Same bottom, different year.Bitcoin (BTCUSD) has formed a Triangle pattern of Lower Highs (Resistance) and Higher Lows (Support), following the February 28 Low. The bullish confirmation will be given if the price breaks above its 4H MA200 (orange trend-line) but this already looks like a Bottom formation, similar to the Triangle patterns formed around August 2024 and September 2023.
Those were the major bottoms (so far) of the 2023 - 2025 Bull Cycle and it won't be surprising at all if 2025 has its own now that will drive BTC to its eventual Top towards the end of the year.
Both rallies that followed the 2023 and 2024 Triangle break-outs, reached at least their 1.786 Fibonacci extension. As a result, this gives us a minimum medium-term Target of $120000 in the event the 4H MA200 breaks.
So do you think this is a standard Bull Cycle Triangle bottom formation? And if yes, is $120k the immediate Target? Feel free to let us know in the comments section below!
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LTF Bitcoin Analysis!
📉 LTF (5M) Downside Breakouts Incoming? Watch These Red Boxes!
“We’re not guessing here—we’re hunting for precision entries. The plan is simple: wait for the breakdown, confirm with CDV divergences, and execute with confidence!”
Here’s What We’re Watching:
Red Boxes = Key Supply Zones – These areas are where sellers could step in aggressively.
LTF (5M) Breakdowns Needed – No breakdown, no trade. We need structure shifts before pulling the trigger.
CDV Divergences as Extra Confirmation – If volume tells the right story, this could be a textbook short setup.
Final Thoughts:
“It’s all about confirmation and patience. When the setup aligns—we strike hard! If not, we wait. This game is about making the right move, not just any move!”
🚀 Let’s see how this plays out! Stay sharp! 🔥
Be careful on LTF Trades.
1- You need better discipline. Never connect with a short term trade, make your shot but don't insist. Let it stop you,you will find another one.
2- Risk less. You have to increase your risk when you are trusting your trade and decrease it when you have a LTF trade without HTF chart support.
3- Don't let it effect your psychology, don't risk too much so you will be afraid and keep checking it. Let it be your side hustle. Don't take bad trades but even if they are good, they will get stopped out.
Let me tell you, this is something special. These insights, these setups—they’re not just good; they’re game-changers. I've spent years refining my approach, and the results speak for themselves. People are always asking, "How do you spot these opportunities?" It’s simple: experience, clarity, and a focus on high-probability moves.
Want to know how I use heatmaps, cumulative volume delta, and volume footprint techniques to find demand zones with precision? I’m happy to share—just send me a message. No cost, no catch. I believe in helping people make smarter decisions.
Here are some of my recent analyses. Each one highlights key opportunities:
🚀 RENDERUSDT: Strategic Support Zones at the Blue Boxes +%45 Reaction
🎯 PUNDIXUSDT: Huge Opportunity | 250% Volume Spike - %60 Reaction Sniper Entry
🌐 CryptoMarkets TOTAL2: Support Zone
🚀 GMTUSDT: %35 FAST REJECTION FROM THE RED BOX
🎯 DEXEUSDT %180 Reaction with %9 Stop
🐶 DOGEUSDT.P: Next Move
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
🌟 FORTHUSDT: Sniper Entry +%26 Reaction
🐳 QKCUSDT: Sniper Entry +%57 Reaction
📊 BTC.D: Retest of Key Area Highly Likely
This list? It’s just a small piece of what I’ve been working on. There’s so much more. Go check my profile, see the results for yourself. My goal is simple: provide value and help you win. If you’ve got questions, I’ve got answers. Meet me at the Telegram and on my socials. Let’s get to work!
Bitcoin’s Roller Coaster Ride: More Volatility Until March 7?Bitcoin ( BINANCE:BTCUSDT ) has been acting like a Roller Coaster in the last few days, and one of the main reasons for the high momentum movements is Donald Trump's speech . Generally, this market behavior detriments investors and trades. Such movements may continue until March 7 ( Let us recall that Donald Trump will meet with industry representatives at the “first crypto summit” at the White House on March 7 ).
So please pay more attention to Capital Management these days .
It seems that Bitcoin's Main Support is 200_SMA(Daily) , which failed to break yesterday and started to increase again. Now, Bitcoin has succeeded in breaking the Resistance zone($87,100-$85,800) .
According to Elliott wave theory , Bitcoin seems to be completing a Zigzag Correction(ABC/5-3-5) .
I expect Bitcoin to once again attack the Heavy Resistance zone($93,300_$89,250) and rise to at least the Potential Reversal Zone(PRZ) .
Do you think Bitcoin is still Correcting or ready for another major up move?
Note: If Bitcoin falls below $85,000, the possibility of Bitcoin increasing again will decrease.
Note: If Bitcoin can break the Heavy Resistance zone($93,300_$89,250) and the Resistance lines, we can even hope for a new All-Time High(ATH).
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN may take 1 month to form bottom but upside is huge.Bitcoin / BTCUSD is consolidating on the 1 stdev below following February's pullback.
With the 1day RSI rebounding after turning oversold, this reminds us of all the previous major Lows of the current Bull Cycle.
Those took around 1.5 - 2 months to be priced, so don't be susprised if Bitcoin doesn't rise before mid April.
The upside until the end of the year remains huge however and if it 'only' tests again the Mean MM, it can reach $140k.
If it approaches the 1 stdev above, the estimated value can be as high as $180k.
Follow us, like the idea and leave a comment below!!
BTCUSD: Bottom formed. Road to $150k started.Bitcoin has turned neutral on its 1W technical outlook (RSI = 50.811, MACD = -265.000, ADX = 36.155) as it recovered some losses from last week. The most important outcome is that both last week and so far the current one, the 1W candle entered the long term Support Zone comprised of the 1W MA25/MA50 and rebounded over it. This is the Zone that has produced all HL bottoms of the 2 year Channel Up. As the 1W RSI is also about to enter its multiyear Buy Zone, we expect the bottom to be formed within 4-6 weeks max and then start the standard +97.97% rally it printed on all three prior bullish waves. The trade is long, TP = 150,000.
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Bitcoin Butterfly Harmonic Pattern – Multi-Fibonacci Confluence!A potential Bullish Butterfly Harmonic Pattern is developing, with point D yet to be completed. If price action reaches the harmonic completion zone, it could present a high-probability long opportunity near a stacked Fibonacci confluence zone.
The D-leg aligns beautifully with the 0.382 Fibonacci retracement of the entire 5-wave Elliott structure from the macro low at $15,476 to the all-time high of $109,588. A level that has acted as key support in the past. Multiple additional Fibonacci confirmations further strengthen this potential bullish reversal zone.
Pattern Breakdown – Bullish Butterfly Formation
The Butterfly Harmonic Pattern is a structured reversal setup, often forming at market extremes before trend shifts.
1️⃣ XA Leg – The initial impulse.
2️⃣ AB Leg – A retracement of 0.786 – 0.886 Fibonacci of XA.
3️⃣ BC Leg – A counter-trend move retracing 0.382 – 0.886 of AB.
4️⃣ CD Leg – The final move, typically extending 1.618 – 2.618 Fibonacci of XA.
📍 In this developing setup:
✅ B-point retraces 0.806 of XA → Butterfly pattern remains valid.
✅ C-point retraces 0.838 of AB → Strengthening structural alignment.
✅ D-leg projection target 1.695 XA extension, converging with multiple key Fibonacci levels.
Fibonacci Confluence – Strong Potential Reversal Zone ($73,783.52 - $73,157)
As price moves toward potential point D, multiple Fibonacci levels create a high-probability reversal area:
0.382 Fibonacci retracement of the entire 5-wave Elliott structure ($73,637.22)
Negative -0.236 Fibonacci retracement at $73,251.43
Negative -0.618 Fibonacci retracement at $73,157
Trend-based Fibonacci Extension 1:1 at $73,783.52
📍 Potential Reversal Zone: Between $73,783.52 and $73,157
Trade Setup – Waiting for Confirmation
Since point D has not completed yet, we should wait for bullish confirmation signals in the reversal zone before entering.
Entry Zone (if price reaches D): Between $73,783.52 and $73,157
Stop Loss: Below $73,157 (D-point invalidation)
Take Profit: B-point resistance
Risk-to-Reward (R:R): 3:1 if TP at B-point
⚠️ Key Reminder:
🚨 The pattern is not confirmed yet. A reaction in the potential reversal zone (e.g., bullish divergences, strong buying pressure, or reversal candlesticks) would strengthen the case for a long position.
Are you watching this level for a potential reaction? Will point D complete? Let’s discuss in the comments! 🚀🔥
Bitcoin: Mastering the Art of Resistance and SupportBitcoin recently broke below a 105‐day trading range, anchored by the critical 90K level. After the breakdown, it found support around 80K, prompting a sharp rebound back toward the previous range. This rebound, however, was short‐lived: BTC tested 95K, then quickly retraced, only to rally again toward 90K, where it trades at present.
Overview of BTC’s 105‐Day Range Break and Retest:
Yearly Open at $93,576: This is the single most important level to watch. Price currently sits below the yearly open, suggesting that, for now, bears hold the upper hand. If bulls cannot reclaim this threshold, the yearly candle remains vulnerable to turning red.
90K–95K Resistance Zone: With Bitcoin failing to sustain gains above 95K, this band becomes a natural focal point for potential short entries. Bears are expected to defend this region aggressively.
The question: Where do we go next? Let’s break down both the resistance (short setup) and an upcoming support zone (long setup), incorporating a variety of confluences—from volume profiles and trend lines to Fibonacci retracements and pitchfork alignments.
1. Resistance Analysis & Short Thesis
1.1. Double Top Target at $72,800
A double top pattern has formed, suggesting a measured‐move target near $72,800. While not a guaranteed endpoint, this target serves as an early directional clue. Price could still find support at higher levels, so we use this only as one piece of a larger puzzle.
Double Top Pattern with $72,800 Target:
1.2. The 105‐Day Trading Range & Retest
Bitcoin spent over 100 days ranging between roughly 90K and 105K. The downside break turned that prior range into a new resistance zone—specifically 90K–95K, with an even stronger cluster up to $96,418 (Point of Control from that range).
Fixed Range Volume Profile: The POC (Point of Control) from this 105‐day period lies at $96,418.05, further extending our resistance zone. Price retesting anywhere between 90K and the POC around 96K sets up potential short entries.
Fixed Range Volume Profile Showing POC at $96,418.05:
Stop Loss Guidance: Given the possibility of wicks or “stop hunts,” a safer invalidation point sits above 98K. That buffer allows the trade room to breathe without prematurely stopping out on minor spikes.
1.3. Daily & Weekly Moving Averages
In addition to the above factors, both the daily 21 EMA/SMA and the weekly 21 EMA/SMA are converging in the 90-92K region, acting as additional resistance.
1.4. Bearish Trend Line & Pitchfork Alignment
Bearish Trend Line: Connecting the all‐time high at $109,588 and the swing high at $106,457.44 yields a downward sloping line. This trend line has already acted as resistance near 100K on February 21.
Pitchfork (Modified Schiff): Anchoring from the all‐time high (109,588) to the swing low (97,777.77) and back up to 106,457.44 confirms the same bearish trajectory, aligning neatly with the trend line around 95K.
Bearish Trend Line & Pitchfork Convergence Around 95K:
1.5. Monthly Order Block & Fibonacci Confluence
Monthly Order Block: Spanning from the yearly open (93,576) up to the POC (~96,418), this monthly order block forms a substantial supply zone. Price often gravitates toward the median line of an order block, which sits near 94–95K.
Fibonacci Retracement (0.786): From the swing high at 99,475 (Feb 21) down to the low at 78,258.52, the 0.786 retracement is at 94,934.67—almost exactly the median line of the monthly order block.
Monthly Order Block, Median Line, and 0.786 Fib at ~94,934.67:
When price rallies swiftly to the 0.786 for the first time, it often presents an ideal short entry—especially under a confluence of bearish signals:
2. Short Trade Setup: Laddering In & Out
2.1. Scaling In (Entries)
We allocate $25,000 (from a $100,000 account) and ladder our entries from 89,736 up to 96,206:
Short Trade Laddered Entries:
Stop Loss: $97,560 (slightly below the higher “breathing room” area of 98K).
Max Risk: Approximately $1,028.16 (about 4.11% of the GETTEX:25K position, or 1.03% of the $100k account).
2.2. Scaling Out (Exits)
We plan to take profits in increments as price drops, aiming for an average exit around $79,822.10:
Potential Profit: Approximately $3,704.16 on a $25,000 position, which is +14.82% (or +3.70% of the $100k account).
Risk‐to‐Reward Ratio: 3.60, an attractive R:R for a swing trade.
3. Support Analysis & Long Thesis
Having addressed the downside retest and short scenario, let’s turn to potential support where Bitcoin might reverse for a long trade.
3.1. Double Top Target & 5‐Wave Structure
The double top projected target near $72,800 aligns with a broader Elliott Wave possibility, where BTC may have completed a 5‐wave structure from the low at $15,476 to the all‐time high at $109,588.
A typical Fibonacci retracement of this 5‐wave move suggests the 0.382 level at $73,637.22, which sits near a notable swing high of $73,777—coincidence?
5‐Wave Structure & 0.382 Fib Retracement at ~$73,637:
3.2. Monthly Bullish Order Block & Further Fib Confluence
Monthly Bullish Order Block: Located around $71,280, historically a place where buyers have stepped in.
Fib Retracement (49K to 109K): The 0.618 retracement lands at $72,144.62, adding further confluence around the 72–73K zone.
Taken together, we begin to see a support band forming between $73,777 and $71,280.
Monthly Bullish Order Block & 0.618 Fib ~$72,144.62:
3.3. Fib Speed Fan & Bullish Trend Line
Fib Speed Fan (0.7): On higher timeframes, the 0.7 fan lines up with the same 71–73K region if BTC dips this month.
Bullish Trend Line: Connecting the lows at 49K and 52,550 also aligns with this zone, reinforcing the idea that a cluster of support awaits if price slides that far.
Bullish Trend Line & Fib Speed Fan ~$71–73K:
3.4. Potential Long Trade Setup
Entry Range: Ladder in from 76K down to 71K (or adjust according to personal risk appetite within that 73–71K zone).
Stop Loss: Below 70K, providing sufficient buffer.
Target: At least the monthly open ($84,350), or higher if momentum supports a stronger bounce.
Risk‐to‐Reward (R:R): Aim for 2:1 or better, depending on exact entries and the final target.
4. Summary
Short Trade:
Resistance Zone: 90K–95K, extending up to $96,418 (POC) and with the daily/weekly 21 EMA/SMA acting as additional resistance in the 90-92K region, plus a stop‐hunt buffer above 98K.
Laddered Entry: GETTEX:25K allocated, averaging around $93,706, with a stop near $97,560.
Scaling Out: Average exit near $79,822, netting a +14.82% gain on the position (+3.70% on account).
R:R: 3.60—solid for a swing setup.
Long Trade:
Support Zone: Between $73,777 and $71,280, with multiple Fibonacci and structural confluences.
Laddered Entry: Potential DCA from around 76K down to 71K, with a stop under 70K.
Target: At least $84,350 (monthly open), likely offering a 2:1 or better risk‐to‐reward.
Sharp moves up or down have been the norm lately, often gravitating to the 0.786 fib retracement on each leg, so remain vigilant for sudden volatility.
Ultimately, flexibility is key. If Bitcoin reclaims the yearly open at $93,576 and pushes decisively above 95–98K, the bearish case weakens. Conversely, a significant drop below 80K brings the deeper support zone near 73–71K into sharper focus.
Always be prepared for shifts in market conditions—confirm each setup with multiple indicators and chart patterns before entering any trade. Stay up to date with evolving market dynamics and adjust your strategy accordingly.
Happy trading!
P.S. If you have any coin requests, feel free to share them in the comments. I will be selecting one or two for the next technical analysis.
BTCUSD – Descending Broadening Wedge With Key Buy ZonesBitcoin is trading within a Descending Broadening Wedge on the 6-hour timeframe, a pattern that typically signals increasing volatility before a potential breakout. The price is fluctuating between two diverging trendlines, with several critical buy levels forming along the structure.
Descending Broadening Wedge Resistance Breakout at 94,543
The upper boundary of the wedge, around 93,000 to 94,500, serves as dynamic resistance. If Bitcoin pushes through this level, it could trigger a breakout toward the first target at 108,000 and possibly extend to 124,407. Volume has been increasing near resistance, indicating strong market participation.
Ascending Trendline Rebound at 84,536
This level aligns with an ascending support trendline inside the wedge. Bitcoin has previously bounced from similar trend structures, making this an important zone to watch for a potential reaction.
Double Bottom Possibility at 79,006
The 79,000 level has acted as support in previous price movements, creating a possible double bottom scenario. If the price stabilizes here, it could be an early sign of trend reversal within the wedge.
Descending Broadening Wedge Support at 75,092
The lower boundary of the pattern, around 75,000, remains a major support level. This is where previous downward movements have found buying interest, making it a crucial point for potential price reversals.
Stop Loss at 69,000 to 68,000
A drop below this range would indicate that the wedge structure has failed, opening the possibility for further downside movement.
Bitcoin remains within a widening consolidation phase, with increasing volume showing heightened market activity. As long as the price respects the wedge boundaries, these key levels present potential opportunities for positioning ahead of a breakout.
$BTC Bearish Divergence on the Weekly !? NO!!!Someone on Twitter sent me a chart showing Bearish Divergence on the Weekly for BTC and asked me to analyze it.
(hopefully this link shows the chart)
pbs.twimg.com
My response is below.
---
This is a really good question!
Caught me off guard for a second and I had to really analyze it.
That chart assumes we’re at the end of the cycle, so its showing bearish divergence prematurely in Mar ’25.
But the fractal it’s being compared to shows divergence with the peak in Nov ’21.
Here’s the correct way to draw the trends.
If you draw from the bear market low to current date, you see we are just getting warmed up.
This cycle is mimicking 2017 as I’ve mentioned a lot over the past year.
I marked where we are so you can see the Feb - Mar ’21 dip in RSI.
Imagine tapping out right before the moonshot!
It’s easy to get caught off guard with that chart, as the fractals from ’21 and ’25 on the RSI do look strikingly familiar, but notice how the right shoulder on the RSI falls in Nov 21’ , but the right shoulder on the RSI in Dec ’24 is going higher, pointing to the RSI following the ’17 uptrend.
I wonder if the person who made that chart actually thought that was the correct way to analyze the chart, or if that’s just a troll bear-posting.
I could see someone like CredibleCrypto or an XRP-maxi posting that.