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1-BTCUSD

BTCUSD PUUL BACK Double Top Resistance Could Trigger a Reversal The chart assumes a breakout, but a double top is typically a bearish pattern. If price gets rejected at this resistance, it could signal a strong downtrend instead of the projected bullish move. Support Might Not Hold The analysis assumes a bounce from support, but price recently dropped aggressively to that level. If buyers fail to hold, a break below support could push price lower toward $83,200 or even $81,200. Bearish Volume Presence The recent large red candles show strong selling pressure. This could indicate that sellers are in control, and any upward move might just be a bull trap before further downside. Resistance Overhead is Strong The resistance zone around $86,400-$87,200 is a major supply zone. Even if price moves up, sellers could aggressively step in at that level, limiting upside potential.
BITSTAMP:BTCUSDLong
by mrsamfx81
2
BTC: Capture buying opportunities accurately📍Fundamentals: From a macro perspective, with increased government endorsement, cryptocurrencies are gaining greater credibility and popularity in the market. 📍Technical Analysis:The downward momentum of BTC is showing signs of exhaustion, with multiple rebounds forming a structural bottom that provides strong support. Overall, the bullish trend remains intact. The key support zone to monitor is 83000-82000. 📌If BTC fails to break below this level in the short term, a rebound is likely, with upside potential targeting the 88000-89000 range. 🔎Trade Idea: BTCUSD: Buy at 83000-82000 Target (TP):88000-89000 Stop Loss (SL):Adjust according to risk tolerance. 📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
BITSTAMP:BTCUSDLong
by Trader_Marvin
BTCUSD: Staying bullish with this breakthrough analysis.Bitcoin remains marginally neutral on its 1D technical outlook (RSI = 45.889, MACD = -2304.900, ADX = 28.298) as it erased yesterday's Fed gains. Nevertheless, this doesn't make us lose sight of the bigger picture. On this 1M chart, we have selected all Decembers, as they hold critical importance for BTC Cycles. Both bottoms and tops tend to be priced around them and in between two consolidation phases take place. Don't let the short term volatility cloud your long term perspective. This Cycle hasn't topped yet. Stay bullish. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
BTC at a Crossroads: Bull Trap or Moon Mission?A possible bearish scenario is playing out on BTC, but hey—just one of many possibilities before the real bloodbath begins. 👀 This could just be a classic trap to lure people in before shaking them out. The key resistance zone is between GETTEX:97K and $101K, a big range to clear. If we flip it and close above $102K on the weekly, that would be amazing—but let’s be real, we’ll need a strong catalyst for that. If we do, then we’re likely talking about the $120K range. On the flip side, if we drop lower from here, the most obvious support sits at $72K. Below that… well, let’s just say we don’t wanna go there—next real support isn’t until $50K. For everyone’s sake, let’s hope we don’t see those levels. Big decision point ahead—let’s see who wins this battle! ⚔️🚀
by crypto_chebz
Support and resistance for BTCBTC tested resistance near 88000 yesterday following the Fed rate decision, and this test of resistance was effective. However, BTC uptrend is not over, and the lower support should be watched in the 81,000-82000 area, when the price reaches this area can continue to go long. 🎁 Buy@81000 - 82000 🎁 TP 83000 84000 85000 🎁 Sell@87000 - 88000 🎁 TP 84000 83000 82000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad If you also aspire to achieve financial freedom，Follow the link below to get my daily strategy updates
BINANCE:BTCUSDLong
by BenGray9
4
BTC ~ MACRO Bounce ZoneBTC has been holding the 80K zone well, but from the macro perspective the bearish cycle should be starting soon. This is due to simple logic (after such a dramatic ATH) as well as the Wyckoff Method. Unless we can reclaim 90K, it's likely that this will be the third touch on the parabolic curve - which is usually when the bearish cycle starts. Previously, BTC retraced and bounced one Fib higher than the price at the start of the bullish cycle. This puts us roughly at 28k, as well as at the neckline of the previous resistance zone before the new ATH: ______________ BINANCE:BTCUSDT
Short
by CryptoCheck-
1
Bitcoin (BTC/USD) Price Action & Key Levels – March 20, 2025### **Bitcoin (BTC/USD) Price Action Analysis – March 20, 2025** #### **Chart Overview:** - This chart represents the **15-minute timeframe** for **Bitcoin (BTC/USD)** on the **Bitstamp exchange**. - The background is orange, with key price levels marked by **purple and blue horizontal zones**. #### **Key Observations:** 1. **Resistance Zone (~86,500 - 87,000):** - Marked by a **purple box**, this area acted as a **strong supply zone**, causing price rejection. - Price tested this zone and failed to break above, leading to a bearish move. 2. **Support Zone (~83,500 - 83,800):** - Another **purple box** marks a **demand zone**, where price is currently testing. - If this support holds, we might see a **bullish rebound**. 3. **Mid-Level (~85,143):** - A **blue horizontal line** represents an intermediate support/resistance level. - It previously acted as a consolidation area before the drop. 4. **Current Market Behavior:** - The price is in a **downtrend**, with a recent **strong sell-off**. - The green and red shaded area suggests a **potential retracement zone** for a pullback before further movement. - If support holds, a bounce towards **85,143 or higher** is possible. - If support breaks, price may drop **below 83,500**, extending the bearish trend. ### **Conclusion:** - **Bullish Case:** Price rebounds from the support zone and heads back towards **85,143+**. - **Bearish Case:** If Bitcoin fails to hold above **83,500**, further downside is likely.
BITSTAMP:BTCUSDLong
by ChartingMarketInsights
BTC Whales Stir, Trump's Crypto Push, and the Path to $85,000 Bitcoin's recent price action has ignited a renewed sense of optimism within the crypto community. A confluence of factors, ranging from whale activity and political pronouncements to macroeconomic indicators and regulatory developments, is shaping the current market narrative. Whale Activity: A Harbinger of Bullish Momentum? The resurgence of Bitcoin whale activity is a significant indicator that has captured the attention of traders and analysts. Large-scale Bitcoin holders, often referred to as "whales," possess the capacity to significantly influence market dynamics.1 Their accumulation of Bitcoin can signal strong conviction and potentially trigger broader market rallies. The recent uptick in whale activity suggests a renewed interest in Bitcoin among these major players, potentially laying the foundation for a sustained upward trend. This can be viewed as the building of a strong base of long positions. Political Winds: Trump's Crypto Pronouncements and Market Sentiment Political discourse has increasingly intersected with the cryptocurrency market, with recent statements from a prominent political figure influencing market sentiment. Rhetoric emphasizing the United States as a "Bitcoin superpower" has undeniably contributed to bullish momentum. This political articulation of a crypto-friendly approach signals potential policy shifts and improved regulatory clarity, both crucial factors in attracting institutional investment. Market participants are interpreting this as a sign of acceptance, if not outright endorsement, of digital assets at the highest levels. It is worth noting that consistent pronouncements regarding the US becoming the "crypto capital of the world," while driving short term volatility, need to be followed with legislative action for long term impact. Macroeconomic Factors: Fed Policies and Inflationary Concerns The Federal Reserve's monetary policy and the evolving narrative surrounding inflation play a pivotal role in shaping Bitcoin's trajectory. Recent indications from the Fed regarding continued rate cuts, despite persistent inflationary pressures, have boosted investor confidence. This stance, coupled with Powell's assessment of certain inflationary factors, such as tariffs, as "transitory," has provided much-needed relief to risk assets, including Bitcoin. This monetary policy creates a favorable environment for investment. The combination of Fed policy confirmation and rumors of "significant updates" to US crypto plans have driven Bitcoin to new two-week highs. Technical Analysis: The $85,000 Threshold and Beyond From a technical perspective, Bitcoin's ability to reclaim the $85,000 level is considered a crucial milestone. Surpassing this threshold would validate the current bullish momentum and potentially pave the way for further gains. Analysts are closely monitoring key support and resistance levels to gauge the strength of the ongoing rally. The return of significant volume combined with the price retaking old highs lends to an increasingly bullish sentiment. BlackRock's prediction of a price shift ahead indicates a growing acceptance of Bitcoin as a mainstream asset, potentially aligning it with traditional Wall Street investments.2 These kinds of comments indicate an institutional bullish long-term perspective. Regulatory Clarity: Ripple's Resolution and Its Impact on Bitcoin The resolution of Ripple's legal battle with the SEC has sent ripples (pun intended) throughout the cryptocurrency market. This development has provided much-needed regulatory clarity, bolstering investor confidence and fostering a more favorable environment for digital assets. The jump in XRP's price after confirmation of the case coming to an end further exemplifies the markets sensitivity to regulatory action. This resolution will influence Bitcoin’s adoption rates, as investors now know the US regulatory stance may be moderating. Options Market Sentiment: A Shift Towards Bullishness The Bitcoin options market has exhibited a noticeable shift towards bullishness, particularly after Powell's "transitory inflation" remarks. This sentiment reflects increased optimism among traders and investors, potentially signaling a sustained uptrend. An increased amount of bullish options being written displays further faith in the rise of Bitcoin’s price. Bitcoin's Volatility: Navigating the Uncertainty Despite the positive developments, Bitcoin remains inherently volatile. Price swings, driven by a combination of market sentiment, news events, and technical factors, are to be expected. Investors should remain vigilant and exercise prudent risk management strategies. While large volume and long term political promises are strong positive indicators, there are still volatile short term swings to consider. Looking Ahead: The Potential for a Sustained Rally The convergence of positive catalysts, including whale activity, political support, macroeconomic factors, and regulatory clarity, paints a potentially bullish picture for Bitcoin. However, the cryptocurrency market is subject to rapid shifts, and unforeseen events can significantly impact price movements. To conclude, the present environment is ripe for sustained Bitcoin price discovery. The political and macroeconomic climates are aligning, coupled with increased whale activity and regulatory clarity. While markets will remain volatile, the trend is looking increasingly bullish.
BITSTAMP:BTCUSD
by bryandowningqln
$DOGE - Bear Trap BuyReposting my analysis from 3/8 as it was delisted b/c I referenced a non-TV external account. Also, a disclaimer since I've quickly discovered that people like to chirp and demean ideas on TV: This is an IDEA. I maintain bull and bear cases for every underlying I analyze. My opinion about an underlying can change exceedingly quickly based on price action and how price's evolution either confirms or violates TREND (I define trend scholastically, NOT inferentially). I also may have 1 directional opinion about a security's higher timeframe and an opposing directional stance about a lower TF. Markets are fractal. Any serious trader/analyst understands what I'm articulating. This business is NOT about predicting. It is about understanding participant psychology, order flow, statistical distribution, risk vs. reward, profit margin, and probabilities. With that said, here's my post from 3/8: This is a technical (supply/demand) setup and is not a fundamental endorsement for CRYPTOCAP:DOGE ownership. $DOGE/USD (and crypto more broadly) has declined markedly (~60%) from December '24 highs. Late last month, low-quality daily demand (0.2021-0.1853) produced a minor bounce. DOGE quickly found sellers in advance of the opposing 1D supply zone (0.2428-0.2615), though, and was rejected. DOGE/USD appears poised for further near-term downside, with the weekly RSI threatening the 40 level. If DOGE/USD presses lower and trades < 0.1813, the next pocket of daily demand = 0.1700-0.1419. More significantly, DOGE has a well-formed weekly buy zone @ 0.1513-0.1280. DOGE/USD's intermediate-term uptrend is controlled by 0.0805 (low of the corrective segment 3/25/24 - 8/5/24). Trend-continuation buying is valid within the bounds of the corrective segment, which DOGE traded into in early Feb. Buys are supported by 78.6% and 88.6% Fibonacci retracement levels and, to a lesser degree, Anchored VWAP + 1W Bollinger Band lower bound (not pictured). Given crypto's broader price action and bearish momentum, confirmation entries are recommended. Potential buyers, depending on risk tolerance, should reference intraday timeframes for trend reversal signals vs. "catching a falling knife". Should DOGE bottom, preliminary target (T1) would be in advance of weekly supply @ 0.2398-0.2874 (use LTFs to refine and ID smaller sell zones that could challenge a rally). Trading > 0.2874 sets the stage for higher prices, with T2 supply 0.3288-0.3648. If DOGE/crypto approach T2 prices with significant bullish momentum (reference RSI), we could see subsequent prints in excess of December's 0.4846 high. As always, feedback's welcome. Godspeed! JHart
BINANCE:DOGEUSDLong
by JHartCharts
Bitcoin ($BTC) - Hoping for a Short-Term RolloverBitcoin bounced from the daily demand (76874.75-74306.67) that was highlighted in my "Bitcoin Uptrend Continuation" post from 5 days ago (see related post below). However, the rubber will now meet the road as BITSTAMP:BTCUSD could break higher or continue lower from current price. The in-play 1D sell zone, which is admittedly doesn't have great structure, is 86267.86-92920.42. Ideally, short-term CRYPTOCAP:BTC momentum, per the RSI, would be weaker than it is, but momentum is still soft per the daily oscillator. I'm not looking to short BTC blindly, but rather am stalking it via LTFs and will execute a confirmation short if evidence of the near-term uptrend (established 3/10) violation/termination materializes. If the intermediate-term downtrend continues, T2 = sub-$70K. Anyway, just an idea. For those looking for longer-term buying opportunities, a near-term selloff should be viewed as a positive. Futures open in ~5 hours and can always be used to hedge longs if we get a breakdown. Thanks for reading. Thoughts/feedback appreciated! Jon @JHartCharts
BINANCE:BTCUSDShort
by JHartCharts
Bearer of Bad News - Short $XRPI originally posted this idea several days ago, but it was flagged b/c I linked one of my social media accounts. Apologies for any typos - the format of my post got jacked up after copying/pasting. Crypto's going to break one way or another from current levels. Bitcoin has a wide supply zone (not super strong) 86267.86-92920.42, so watch how it reacts... Strictly technical setup here. Near-term demand/buy zones were good for bounces across the crypto space. However, buying has been fairly tepid. Given the technical structure for many crypto underlyings, this is unsurprising (addressed in CRYPTOCAP:DOGE ( COINBASE:DOGEUSD ), CRYPTOCAP:BTC , CRYPTOCAP:TOTAL ideas). Barring a catalyst, it seems more likely that crypto (and risk assets generally) will trade lower before higher. Unfortunately for bulls, BITSTAMP:XRPUSD has levels of daily supply near current price. Per the 1D chart, sell zone = 2.3265-3.4106, 2.5032-2.6487. Additional sellers are likely lurking between 2.6487 and 3.0153, though LTFs need to be analyzed for identification. If the RSI is printing < 60/65 if/when price reaches the abovementioned ranges, CRYPTOCAP:XRP could roll over and commence another bearish impulse wave. Use micro-timeframes to watch for signs of uptrend violation/termination + to confirm any short entries/long exits. To bolster positional confidence, observe other cryptos, especially larger market caps. Correlative behavior can be a very helpful trading "odds enhancer". If other majors rally w/ significant volume/momentum, XRP will likely follow. Conversely, if BITSTAMP:BTCUSD , BITSTAMP:ETHUSD ( CRYPTOCAP:ETH ), etc. fizzle out, expect XRP to do the same. If this idea materializes and shorts regain control, daily demand = 1.5414-1.2843, 1.1222-1.0033. Fib retracements reinforce the aforementioned buy zones. Because of the explosive nature of XRP's 2024 rally, the monthly/weekly charts have "tradeable voids" (expanded-range candlesticks). While traditional technicals tout large candles, they're a double-edged sword. Their elongated nature is often reflective of limited trading and gaps in order flow, which can have a vacuum-like effect if/when prices correct. It's great when you're on the right side of the trade creating the candles, but there's also not a lot of unfilled orders to stop price from moving rapidly in the opposite direction. So, if XRP sells off, don't be surprised if price moves quickly. I'm a fan of confirmation entries vs. "catching a falling knife". Referencing RSI momentum + using micro-TFs to ID trend reversal signals can help prospective buyers reduce risk (and/or increase position size). When volatility strikes, preservation is paramount. Thanks for reading! Feedback/engagement welcome. Jon
BINANCE:XRPUSDShort
by JHartCharts
20
BTC Update 4 Hour/ FOMC Day March 19, 2025, GAME PLAN!🚨 FOMC Day Update – March 19, 2025 🚨 BTC at ~$83,244 (+0.28%–1%) as markets stay cautious. Fear & Greed at 23, RSI at 44.05 = neutral momentum. While BTC is trading below all significant EMs, 50 100 and 200, It has broken above the 21EMA which is bullish for the short term. Fed likely to hold rates at 4.25%–4.50% (99% odds) – a surprise cut could ignite a BTC rally. Whale accumulation signals potential upside. Sentiment data and whale accumulation hint towards a possible upside but only if FED surprises with a rate cut. The current pump in the market will be short-lived if there's no change in the rates which is very likely. So be careful with your longs and shorts. Volatility will kill both bears and bulls. You need to keep an eye on Powell’s 2:30 PM EST speech. Inflation & liquidity outlook will shape BTC’s next move. Stay sharp! I'll keep you updated. Let me know what you think in the comments and do hit that like button if you like this post. Thank you #PEACE
by Cryptorphic
7
BTC----Buy around 85500, target 87000 areaTechnical analysis of BTC on March 20: Today, the large-cycle daily level closed with a medium-yang line yesterday, and the K-line pattern was still a single-yin and single-yang line. The price was consolidated at a low level. The attached indicator was in a golden cross, but the fast and slow lines were still below the zero axis. The suppression at the weekly level was still quite obvious. The current trend is still the trend of time-for-space pullback, but there will not be too much movement, and we just need to follow the trend and maintain short-term trading; the short-cycle hourly chart showed that the European session rose and the US session continued in the early morning, and the price broke the high and then retreated quickly. The current price is consolidating at a high level, and the attached indicator was dead cross but there was no retracement strength. If we see a continued rise today, then the retracement strength cannot be large. The intraday low is near the 85400 area. Today's BTC short-term contract trading strategy: buy at the 85500 area, stop loss at the 85000 area, and target the 87000 area;
Long
by BraveTigercat
SPY/QQQ Plan Your Trade For 3-20-25 : Flat-Down PatternToday's SPY Cycle pattern suggests the SPY/QQQ will stay somewhat muted in trading range today. I still believe the SPY/QQQ are in a moderate melt-up type of trend - attempting to reach a peak near the end of this week or early next week (see the patterns for March 24, 25, 26). Even though I believe we are struggling to try to move higher, I do believe any failure of the SPY to move above the 0.382 Fibonacci retracement level would be a technical failure related to the breadth of this pullback. Thus, I believe the markets have at least one more attempt to try to move higher over the next 5+ days before topping and rolling over into a broader downtrend. Gold and Silver moved solidly lower this morning - almost like a Panic type of selling. I believe this is related to the Flat-Down pattern and I believe Gold/Silver will recover fairly quickly. I do believe this is a huge opportunity for Gold/Silver over the next 30+ days. I believe Gold will attempt to move above $3500-3600 before the end of April. BTCUSD rolled higher yesterday by more than $4000 - just like I predicted. Incredible. And, that is another reason why I believe the SPY/QQQ have more room to the upside than we are seeing right now. Remember this is a trader's market. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
AMEX:SPYLong
by BradMatheny
1
The best investment since Nov 2021 - GOLD or BITCOIN ? - FACTSThe Main Chart is the chart from BITFINEX that trades Bitcoin to Gold DIRECTLY I look to this often and find it a MUST See to compare the two assets. This is Not done to try and make BTC like GOLD but that they are both investments with returns, It is as simple as that But which one has the higher return ? I have taken the November 2021 Bitcoin ATH as the Datum point. a Worse case scenario for Bitcoin. Bitcoin Directly to Gold. As you can see on the main chart. If you had sold your Gold into Bitcoin and Just Held since Nov 2021, you are currently at a slight loss. Less ounces of Gold to one Bitcoin. It is as simple as that. But PA has fallen from Above the buy price recently. But to also mention, if you had bought Bitcoin with your Gold at the Bottom in Jan 2023, that is a 360% Rise in Value DIRECTLY OVER GOLD as opposed to the -75% Losses from ATH to Low. Nothing else does that Lets look at a comparison Via 100 USD investments into each asset GOLD USD CFD Let us say we invested 100 usd in Nov 2021 at the Bitcoin ATH that year. Since then, there has been a 62.71 % increase in price; from your buy price, if you simply just held your investment. This gives you 162.71 usd currently PA had risen 12% from that date but then dropped 22% to the low. From the Low, PA has risen 89 % and if you had Traded your investment, selling high, buying Low, you would now have 211.68 usd currently Now to Bitcoin - again, 100 usd invested at the ATH in Nov 2021 100 invested in Nov 2021 currently has a 24.68 % increase from Buy price. if you just HODL, off the 2021 ATH and so you would have 124.68 currently From that ATH point, we saw a Loss as PA dropped 77.2% to the Low but then Rose up 596% from the Low. If you traded , Depending on when you sold your bad 100 investment , the gains are different But lets say, you sold what was left of your 100 at the slight rise in PA in March 2022 - that was a loss of 28.5%, leaving you 71.5 usd Wait till the Low in Jan 203 and then continue Buy Low, Sell high, you currently have 743 usd , having sold the top at 109K and waiting for the next Low So, in summery, from 100 usd investment in Nov 2021 BTC ATH GOLD HODL 162.71 - Traded 211.68 BITCOIN HODL 124.68 - Traded 743.34 The ONLY REAL Loss currently is with the BTC GOLD pair, where BTC is -20% currently off Buy price, having fallen from HIGHER than Buy price recently,. However, PA is on the lower trend line, as you can see in the chart, and the expectation is for a Strong Bounce over the next few weeks..This will set BTC off towards that magical 50 ounces of Gold per Bitcoin. But it has to be said, the journey if you held Bitcoin having sold out from Gold has been painful. Tthat pain is about to end, very possibly forever. Trading is not for everyone and Hitting the perfect High or Low point is almost impossible. But the Gains are there in Bitcoin against Gold if you even do basic trading. And, inmy opinion, if you have gold....SERIOUSLY think abot Bitcoin now. Gold is OVERBOUGHT on many timeframes.... Bitcoin is not...................
by Orriginal
Bitcoin BTC price analysis, FOMC 19/03 - FED rateOur previous idea for OKX:BTCUSDT worked out 10 out of 10 Well, let's try to hit it again !) Yesterday, CRYPTOCAP:BTC price showed growth despite the fact that the Fed left the rate unchanged yesterday #FOMC In short, Powell said that he was "hesitant" to cut the rate now because it is not known how the economy will be affected by the new "economic tariffs and economic wars" that come into effect in early April. In the US, one "grandfather" does not know what to expect from the other "grandfather" )) Nevertheless, #BTCUSD price has every chance of reaching $94k in the coming days. And then, I would like to see a decline in BTC.D and USDT.D, which in turn will allow altcoins to "stop collapsing", and some low-liquid ones, which are easier to pump, will show good growth, such as X Empire. 👀 In general, the last 2 months have been: "not about making money, but about surviving and keeping the deposit, even with a drawdown", but the next 3 months may be very much about making money. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
12
BITCOIN The Ultimate Cycle Model calls for $160k!Bitcoin (BTCUSD) is rebounding following yesterday's Fed Rate Decision. Technically the rebound has already started 10 days ago after the market nearly bottomed on the 1W MA50 (red trend-line). This is the strongest long-term Support level, as it is where BTC priced Lows and rebounded on August 05 2024 and September 11 2023, but it is not the only one. With the current 2023 - 2025 Bull Cycle pattern being a Channel Up, this is the absolute and ultimate model that has been guiding the price action and can help estimate any future moves. Given that, it's also the 0.382 Fibonacci retracement level that supported both Lows (as well as the current one) on the 1W MA50 mentioned above. As a result, we are so far on a double Support cluster. The 1W RSI comes in as the 3rd Support, as it hit and is rebounding now on its 2-year Support level, where the bounces of September 07 2024 and September 11 2023 happened. It is also important to mention that the Channel Up can be divided into two phases, Phase 1 (green Channel Up), which traded within the 0.0 - 1.0 Fibonacci range and Phase 2 (blue Channel Up), which trades within the 0.5 - 1.5 Fibonacci range. The symmetry within those patterns are so high that the two Bullish Legs of Phase one have both rallied by +100.64%. If Phase 2 follows the same dynamic, and there is no reason to assume it won't as the Bearish Legs have been almost identical, we can assume that the Bullish Leg that has just started will rise by +121.48%, same as the previous one (Aug - Dec 2024). That gives us a Target estimate of $160000. So do you think that BTC has bottomed on this Triple Support Cluster and if so, can it reach $160k by the end of this Cycle? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2
Long Term Bitcoin SituationRemember the time that we broke out the major bull flag in Bitcoin? It caused many new all time high levels in recent months. The problem is that Bitcoin lost its 5 waved bullish momentum. We see an upwards move only because of the fundemantel news. I believe we are currently in a correction phase known as A-B-C pattern according to Elliot Waves theory. In order for Bitcoin to create another all time high level, there some requirements to achieve. First, another bullish fundemantel actor in macro economic events. This could be an interest rate cuts, something about ETF's or even some crayz idea from Trump himself. Problably, it will be about intrest rates to be cut down in next june. Second, Bitcoin needs to gain its delta momentum back (it's called CVD). For many weeks while Bitcoin has risen up, there were some significant movements in futures section. Bulls and long term holders were keeping their positions. With acceptence of the ETF's, spot Bitcoin volume was increased as well. The problem about this part of the story is, big instutial money that carried Bitcoin upwards is leaving. It's mostly because of the new politics that Trump has brought to the US. Instutial money or simple retail traders don't really like when there is an uncertainity about the economy. Fear and uncertainity is taking smart money away from Bitcoin. When this situation changes, money flow will change again and Bitcoin may catch the momentum it needs. As the last requirement, Bitcoin hasn't actualy swept all the remaining liquidtiy below the lastly formed bullish flag. It's important for two reasons: 1: In technical terms, it will be fine retest and safe entry. 2: All the rookies who play around with futures sections in exchanges will be eliminated. So there will enough liquidty to go upwards again. Remember, market always run for the liquidty and all the tecnical things you heard from people around is shaped by this consept. We will meet below 70K again before this summer. For short term, I believe there will be another uprising move before upcoming pullback. It will be a short one and will get people in. You see RSI below the chart that it's broken a trendline. Usually it's something good but in this case, even though some other indicators tells us that Bitcoin catch is momentum back again, I don't believe its that simple. As an another example, MACD also screaming out for Bitcoin to rise at the this moment in the daily chart. As I mentioned earlier, it's all caused because of the fundemantel news. Nothing real. Good Luck to us all .
by vs_sayin