BTC trading planBull Flag: On the daily timeframe, I’m observing a bull flag formation. Since late December, the price has been moving within a descending channel, acting as a corrective wave after a strong rally. If there is a confirmed breakout above the upper boundary of this channel with sufficient volume, it could signal a continuation of the long-term uptrend.
MACD (12,26,9): The MACD indicator suggests a potential bullish divergence. The histogram is slowly turning positive, and the signal line appears ready to cross above the zero level. This would confirm increasing momentum and support a possible price breakout.
Key S/R Level: The 77,000–80,000 USDT zone looks like a crucial support area, where the price has bounced several times in the past. If BTC does retrace, this zone could act as a strong support.
Final Target at 135,000 USDT: In the event of a successful breakout and continued rally, the price may reach the final target of 135,000 USDT. This target is derived from a combination of price action, trend channel analysis, and Fibonacci levels.
Risks: As always, remember to protect your capital with proper risk management. Technical analysis is never a guarantee of profit—markets can always move the opposite way.
If you like (or disagree with) this idea, please share your thoughts in the comments!
1-BTCUSD
BTC/USDT Pullback to Key SupportThe chart highlights Bitcoin's breakout from a symmetrical triangle formation, followed by a pullback to a critical support level. This price action indicates a period of consolidation before the next significant move.
Key Observations
1. The breakout from the symmetrical triangle has propelled the price upward, signaling bullish momentum.
2. The area around $97,100 is a crucial support level where buyers may step in.
3. A breakdown below $97,100 could lead to further downside, indicating a continuation of the pullback.
4. If the price holds above this support, a strong bounce and continuation of the uptrend are expected.
Strategic Implications
Monitor the $97,100 level closely. A strong defense of this support could provide an opportunity for long positions, targeting the next resistance levels.
Conversely, a confirmed break below $97,100 would warrant caution, as it may signal further downside.
Patience and careful observation are essential to capitalize on the next move effectively.
USDT Dominance Approaching Key Resistance – A Breakout or RejectA breakout above 4.40% could suggest a bearish shift for altcoins as funds move into stablecoins.
However, rejection at this level may lead to another test of the 4.00% support, which could boost altcoin performance.
Traders should watch for volume confirmation and RSI behavior for clearer direction.
BTCUSD IS READY TO FLY MUST READ THE CAPTIONThis chart represents the Bitcoin (BTC) price movement against the US Dollar (USD) on a 1-hour timeframe. Here's a breakdown:
1. Trend Analysis:
The chart initially shows an ascending channel marked by green and gray lines, where Bitcoin's price moves upward.
After reaching a peak, there is a sharp bearish correction, as indicated by the steep downward movement.
2. Key Levels:
Stop Loss: Marked below the current price near 93,192, this is the level where traders would close their position to limit losses.
Target Zone: Two key target levels are marked for potential price increases:
98,067 (first target level)
100,597 (second target level)
3. Trading Plan:
A reversal scenario is depicted with upward yellow arrows, suggesting a potential recovery or bullish bounce from the current price.
Green arrows highlight areas of potential buying interest or price support.
4. Indicators:
Heikin Ashi candles are used to smooth out price movements, making trends clearer.
Red and green markers indicate resistance (red arrows) and support (green arrows) areas.
The trader's strategy appears to involve entering a buy position at the current level, with the stop loss in place to manage risk and targeting higher levels near 98,067 and 100,597 for profit.
Bitcoin Continues Consolidating Within Key RangeChart Analysis:
Bitcoin remains in a long-term uptrend, supported by an ascending trendline (black line) and recently consolidating within a rectangular range near $96,000.
1️⃣ Ascending Trendline:
The long-term trendline continues to act as dynamic support, underpinning Bitcoin's bullish structure.
Traders may watch for price reactions near this trendline for potential bounce opportunities.
2️⃣ Key Range:
Bitcoin is consolidating between $96,000 (support) and $110,000 (resistance).
A breakout above $110,000 would confirm bullish momentum, while a break below $96,000 could signal downside risks.
3️⃣ Moving Averages:
50-day SMA (blue): Positioned near $91,000, providing short-term dynamic support.
200-day SMA (red): Rising around $70,000, confirming the long-term bullish trend.
4️⃣ Momentum Indicators:
RSI: Hovering near 51, indicating neutral momentum after cooling off from overbought conditions.
MACD: Momentum remains positive, but recent consolidation has led to a flattening trend in the MACD.
What to Watch:
Monitor the $96,000-$110,000 range for potential breakout opportunities.
A breakout above $110,000 could target new highs, while a drop below $96,000 may test the ascending trendline or lower supports.
Look for RSI or MACD divergences to confirm breakout direction.
Bitcoin remains within a bullish structure, with the ascending trendline and moving averages providing key levels to follow. The consolidation phase offers a clear technical setup for the next directional move.
-MW
EURGBP Breaking Resistance: Turning Challenges into OpportunityThe forex pair EURGBP is currently trading at 0.83300, with a target price set at 0.84500. This suggests a potential upward movement of over 100 pips. The analysis is based on the support and resistance pattern, a widely used technical analysis method. The main resistance level appears to be breaking, indicating bullish momentum. A breakout above the resistance often signifies increased buying pressure and potential for further price increases. Traders might consider this breakout a signal to enter long positions. However, the accuracy of this setup depends on the strength of the breakout and market conditions. It’s essential to monitor for false breakouts, which can lead to reversals. Risk management strategies, such as stop-loss orders, should be in place. Overall, this setup suggests a favorable risk-to-reward ratio for a bullish trade.
BTC: Following the track.BTC Update:
BTC has been on track, as expected. The price reached $108,341 and was rejected at $92,280. According to the chart, it will likely experience another rejection around FWB:73K , followed by a strong rebound.
If BTC follows this analysis, it could be considered a healthy correction and an opportunity to buy back. For BTC to turn bullish, it must break above the resistance trendline or surpass the all-time high level.
I hope this update is helpful. Trade safely!
BTCUSDT Trade LogBTCUSDT – 4H/1D Kijun Breakout
Price Action: We’ve seen a triple tap on the Daily Kijun that marked strong resistance. The breakout and daily close above on January 6th, 2025 confirms a bullish signal. Now, price is hovering around the 4H/D Kijun confluence, creating a favorable area to watch for a retest and potential bounce.
Trade Idea (Long):
– Enter on retest of the 4H/D Kijun if we see supportive wicks or bullish confirmation.
– Risk: 1% of account.
– Reward: 1:2 RRR target (take profit near key swing high or FVG fill).
Macro News Watch: This is a big macro news week. Stay alert for unexpected volatility that could invalidate the setup. If price closes back below the Kijun levels, be prepared to manage or exit the trade accordingly.
XRPUSD Current 10 ¢ Range - Looking For Buying Opportunities ONLℹ️ XRP Remains at the top of the Daily chart BULL FLAG.
Considering many XRP holders are holding for the long run periods of sideways price action is often welcomed and is often considered a stronger bullish indicator compared to a price retracement.
Whilst XRPUSD flounders around the decending trendline of the flag top, we note the current 10¢ tracing range of this coin @ 2.3650 - 2.4675.
🟢Our current PLAN looks to accumulate more XRP on decent dips if and when they turn up.✅️
Often when these deep and often fast dips appear traders chuck their plan of trying to buy the dip in the bin then try to sell into the momentum and often end up getting trapped SHORT.
⚠️Below Is A Copy Of My Earlier Education Post You May Find Useful👍
I would consider the following as a GOLD STAR LESSON TO BE SAVED.
Yesterday created a great reminder opportunity that you must have a PLAN & RULES.
Even SeekingPips is human and therefore sometimes will deviate from the plan.
The GOLD SECRET is to realise the error and get back on track as soon as possible.
I was very clear on the chart share on 01/01/2025 that I only wanted to accumulate XRP
Here is the copy of that paragraph :
"ℹ️ However whilst price remains above 2.10 USD I do not want to take the short side of XRP."
By the next chart share the next day 02/01/25 it was clear to me where price was and that I was seeing a clear BULL FLAG on the DAILY CHART.
✅️ With that information I had a plan❕️✅️
ℹ️So what's the lesson you ask?❔️
⭐️Well Seeking Pips didn't stick to the plan.
Price was still well above 2.10 but shared a short chart idea.
This is why a TRADE JOURNAL is a GREAT idea.
In real time you may not see or notice any TRADING ERRORS but by having a journal it's in black and white and you can spot any problems early.✅️
⚠️So what were the KEY POINTS from yesterday?
🟢 Based on the D1 timeframe chart there was no valid reason according to my PLAN to conditioner any short positions.
🟢 Even based on the intra day timeframes that I use my RED LINE on my chart share at 2.3268 was never traded below.
🟢 Too zoomed in to price on lower timeframes. Seeking Pips considered the intra day timeframes and price action over what the Daily and Weekly charts were indicating.
🟢 Quantity over quality, wanting to be active and share some content, even given the fact that the DAY, WEEK and EVEN YEAR had just started.
🟢 NOT GIVING the IDEA time to play out. Barely two hours earlier I had already decided that my bias was to the long side.
There was no trigger to invalid that bias.
⭐️THE LESSON⭐️
Trading is not all about Lambos and penthouses. Yes that can be a final goal if you want it to be BUT to get to that point you really do have to iron out all of the ugly stuff first...
If this post helps even one peron on their trading journey it has done it's job.👌
PLEASE LIKE AND SHARE THIS POST IF YOU FOUND IT USEFUL. 👍
SPY/QQQ Plan Your Trade For 1-7-25 : Counter Trend BreakawayToday's pattern suggests the markets will move upward (counter-trend) in an attempt to move into the RALLY, RALLY, RALLY phase closing out this week's price action.
I suggest traders prepare for what may become a fairly explosive upward trend over the next few days - but stay fairly cautious as unexpected news may derail price trends a bit.
We are still moving into the early 2025 liquidity flood - where traders who pulled capital away from risks in late 2024 are starting to move back into the markets. We are also moving into Q4:2024 earnings data (in about a week or so). So there are still lots of opportunities for big trends.
I'm watching to see if the markets attempt to move to new All-Time Highs again - which I believe is a highly probable outcome.
If my research is correct, we are going to move into that RALLY, RALLY, RALLY phase very cleanly today and tomorrow.
Gold and Silver are moving higher again - which is great to see. Today is a RALLY day on my Gold Cycle Patterns. Could be a great opportunity for skilled traders in Metals this week.
Bitcoin has reached that DUAL FLAGGING zone. In other words, stay cautious at this point.
Volatility will likely increase for Bitcoin and I believe the most likely outcome will be to attempt to move back downward after reaching this dual flagging zone. We'll see what happens next.
Remember, we are just starting 2025, so you have lots of time to try to identify opportunities throughout the year. Your goal as a trader is to find the best opportunities to BOOK PROFITS. The more you are able to BOOK PROFITS, the more likely you are to GROW YOUR ACCOUNT.
Get some.
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Would you sell against BTC?After BTCUSD reached its All Time High (ATH) of 108,451 on Dec 17th, it dropped strongly to the support area of 91,600.
In the first week of the year, BTCUSD has bounced off the support to trade up to the 101,900 area again. Which coincides with the 61.8% Fibonacci retracement level.
At this point, the TSRI MACD is indicating the potential for a crossover to the downside.
However, if the price stays above the 38.2% Fibonacci retracement level AND the bullish trendline, further upside is likely!
Would be looking to buy at value rather than trying to short it down.
BTCUSD - Bitcoins volatility is increasingFirst of all, a heartfelt thank you for all the boosts and a warm welcome to the new followers. I truly hope I’m providing value that makes your decisions and trading ideas easier to navigate.
Now, let’s dive into the chart:
The bars are growing larger and volatility is picking up.
We’ve got solid support at the centerline, but this support might soon give way. If that happens, Bitcoin will drop below the centerline, setting the stage for the following scenarios:
1. Panic sets in, and the market falls** – likely down to the 1/4 line (PTG1).
2. A pullback to the centerline. If the market fails to close above the centerline, we’re back to Scenario 1. On the other hand, if we see an open and close above the centerline, it’s very likely we’ll witness a rocket-like surge upward.
What’s the move here?
My thinking remains the same as last time:
If you take 50% profit off the table, it doesn’t matter what happens next. If the market drops, you’ve secured 50% profit. If it rallies, you’re still in with 50%.
Wishing you all the best of luck!
How to nail BTC flash crashes and see into the future!The most accurate analyst on TView is back!
The only one who calls black swan events before they happen, calls bottoms on the day they happen and calls flash crashes hours before they occur, is back on TView.
Yesterday I posted this privately:
Left chart yellow arrow shows everytime the right chart USDT Dominance hit the green trendline.
Break down below red line on RSI and the green trendline on chart for USDT.D should take BTC to yellow line or red line above on left chart. Bounce off these lines on USDT.D chart and BTC trade would be a short right now.
I have closed the short trade now based off another chart which I won't show here. If I show this other chart publicly it will get invalidated as it is a fractal showing every move BTC has made for the last 6 weeks including yesterdays flash crash.
Seeya soon for more alpha analysis!
BTC LONG TP:105,000 06–01-2025In the 1-hour timeframe, Bitcoin is displaying a bullish pattern that suggests it should continue in that direction over the next 12 to 16 hours. However, it is important to note that if this expected movement does not materialize, the bullish pattern would be invalidated, potentially altering the short-term price outlook. Therefore, it is crucial to monitor the market's evolution closely in order to make informed decisions.
Short-term uptrend if maintained above 97461.86
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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(BTCUSDT chart)
There are three major rising channels.
Among them, two rising channels are expected to play an important role in determining the trend.
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(BTCUSDT 1D chart)
BTC is currently moving sideways after the price increase.
However, as the MS-Signal (M-Signal on the 1D chart) indicator rises above the level, the possibility of a short-term uptrend increases.
As a result, the support around 97461.86-98892.0 is the key.
-
The important support and resistance range is 93576.0-94742.35.
The high point boundary range is 101947.24-106.133.74.
Therefore, the 101947.24-106.133.74 range is likely to act as resistance.
If the high point boundary range is broken upward, a new wave is expected to be created.
Then, the current movement can be interpreted as creating a pull back pattern and rising.
Therefore, when creating a pull back pattern, it is likely to appear depending on whether there is support near the M-Signal indicator on the 1M, 1W, and 1D charts.
Therefore, it is necessary to closely watch the movement near the M-Signal indicator.
-
The next volatility period is around January 10 (January 9-11).
Therefore, the point of interest is where it is located after January 10.
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The BW indicator has touched the 0 point, and the DOM indicator has risen above 0.
Accordingly, it is important to see whether it can maintain the price by rising above 98892.0.
Since the StochRSI indicator shows a change in slope in the overbought zone, it shows that it is under pressure to decline, so it is important to see whether it can maintain the price by rising above 98892.0.
-
Thank you for reading to the end. I hope you have a successful transaction.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been in an upward trend since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, I expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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GBPUSD Analysis: Bullish Breakout from Falling WedgEThe forex pair GBPUSD is currently trading at 1.25600, with a target price set at 1.28000, indicating a potential gain of over 200 pips. The price action showcases a falling wedge pattern, a bullish reversal formation, which has already broken out to the upside. This breakout confirms a shift in momentum, aligning with the bullish prediction made in prior analysis. Falling wedges typically suggest decreasing bearish pressure, paving the way for buyers to dominate. The breakout signifies a strong upward move, reinforcing confidence in the target price. Traders may see this as an opportunity to capitalize on the bullish trend. However, market conditions, such as economic data or geopolitical events, should still be monitored. Proper risk management remains essential to mitigate potential losses. This setup highlights the importance of technical analysis in identifying profitable trading opportunities.
$BTC - Short Trade IdeaBitcoin has broken past the psychological barrier at $100k, absorbing the internal liquidity.
There's a chance it will shoot up to between $103.7k and $104k as the daily closes.
We've marked out our 4-hour range; the price is now trading above the midpoint. If we manage to hold this level, we could potentially retest the range high around $106k.
If we get a strong rejection at that point, we might consider scaling into short positions.
BNB → Big Accumulation. In Step With The DistributionBINANCE:BNBUSDT is trying to move into the realization phase after quite a long accumulation, thanks to which the coin can give a very good growth.
The coin tested the strong support of 645 within the correction. False break of the support and quite aggressive buyout of the fall indicates buying potential. Bitcoin, which is testing the highs and ready to go even higher is a good driver for BNB
Accordingly, the focus is on near-term levels. If the price can break the near-term resistance and consolidate above, the market will further go to break ATH and try to renew it.
Resistance levels: 761, 793
Support levels: 691, 645
I don't exclude that the unexpected correction of bitcoin can provoke a correction in the cryptocurrency market, but in general the structure is bullish. High probability of resistance breakdown with the purpose of continuation of movement
BTC → Consolidation Before The Breakout When Do We Go Up?BINANCE:BNBUSDT continues to consolidate, but within a strong bullish structure. The price is approaching the trigger, the breakout of which may provoke the formation of an upward impulse
A good signal that hints that the growth is likely to continue is the fact that after a strong growth and testing 100K the price does not fall, but consolidates with gradually rising local lows, it is also worth paying attention to MA-50, which acts as a strong support. Within this consolidation we have clear zones, within which the price is trading and accumulating potential, and there is also a clear trigger, the breakout of which can provoke the continuation of growth (distribution).
But next week is the Fed meeting on December 17-18, and there may be short-term market manipulative reactions. Be careful
Resistance levels: 101.8K, 104.1K
Support levels: 98.9K, 94.15K
Technically, the focus is on 101.8 - 98.9. Consolidation is forming inside this channel. I do not exclude a chance of support retest in the format of a false breakdown before further growth. Another deep correction to the lower liquidity zone - 94.1K is also possible. But until the price breaks 101.8, bitcoin will not go up, and based on the chart, the event is close and the chance is high