Bitcoin: Bybit Hack Surprise? Watch For 90K.Bitcoin has established a lower high at the 100K range resistance. In this context it appears a support break (lower low) is more likely to follow. This means a 90K retest can unfold as early as this week. Will 90K hold? There is NO way to know, it all depends on the price action that unfolds at that level. Having opinions of the future will NOT help you at all, ESPECIALLY in this environment.
Case in point: over the previous week, we had Coinbase reveal that the SEC is planning to give up their legal case against them, Bitcoin goes to 99K. This level is the range resistance that I specifically highlighted in my previous week's article. This is followed by The Bybit hack which brought price right back to the 94K range low. Knowing your levels would have prepared you much MORE effectively to navigate the price action around these moves compared to simply reacting to the news.
One observation I would like to assert here is the fact that 99K was rejected so quickly. These situations often attract a LOT of longs who then get stuck in the trade because the unexpected reversal. These longs will be pushed out of their positions if price extends too far which will bolster selling pressure. It is this process that can facilitate the move to 90K especially if it is accelerated by more unexpected bearish news.
As a swing trader, it is best to WAIT for levels in this situation, evaluate the price action, measure risk and wait for some form of confirmation, I repeat this all the time. It is the best we can do, and AVOID trying to forecast the future. Unless you were an insider at Coinbase or a member of the hacking team, you had NO idea that these events were coming. And with the new administration in this country, new financial drama can come out of no where at any time. All I can say is focus on price levels and trend structure and you will be much better prepared than most.
Thank you for considering my analysis and perspective.
Bitcoin (Cryptocurrency)
Bitcoin Breaks Uptrend line– Is a Crash Coming?As I expected in the previous post , Bitcoin ( CRYPTO:BTCUSD ) started to rise and reached the upper areas of the Resistance zone($100,520-$97,260) .
Bitcoin is moving in the Resistance zone($100,520-$97,260) and has managed to break the Uptrend line .
According to Elliott's wave theory , Bitcoin seems to have finally completed the main wave C .
I expect Bitcoin to attack the Heavy Support zone($93,300-$90,500) and Support lines once again, this is likely to be a heavy drop .
Note: If Bitcoin breaks the Resistance zone($100,520-$97,260), we expect more Pumps.
Do you think Bitcoin can break the Heavy Support zone($93,300-$90,500) or not?
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 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.
XRP - Food For ThougtThe total supply of XRP tokens is capped at 100 billion, ensuring that no more than 100 billion XRP tokens will ever be created. As of now, approximately 52% of the total supply is in circulation, with the remaining tokens held in escrow accounts by Ripple Labs.
Currently priced at $2.54 per token, transferring $1 billion via the XRP Ledger (XRPL) would require 393,700,787.4 XRP. However, if XRP were valued at $100,000 per token, only 10,000 tokens would be needed for the same transaction.
You might be thinking, "That would mean the XRP ecosystem, if fully distributed, would be worth $100 trillion... IMPOSSIBLE!" But let's delve into some numbers. Every day, approximately $5.7-6 trillion is transacted in the foreign exchange (FOREX) market. Annually, this equates to $2.1 quadrillion. If just 5% of that volume were moved across the XRPL, it would amount to $105 trillion. And this doesn't even account for the tokenization of stocks or real estate, which also see trillions in volume.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) system processes an average of nearly 50 million messages per day. While the exact monetary value of these transactions isn't publicly disclosed, it's estimated to be in the trillions of dollars daily. It's important to note that SWIFT and FOREX serve different functions in the financial world. So, in addition to FOREX moving $2.1 quadrillion annually and SWIFT handling another quadrillion, that's a massive volume of transactions. We now know that the XRPL ledger has recently been connected to SWIFT.
So, is a $100,000 XRP a pipe dream? Far from it. Bitcoin has hovered around $100,000 based on user sentiment. XRP represents an infrastructure of value.
BTC END OF CORRECTIONAfter being stuck in this sideways correction for almost 70 days, #BTC is finally coming to the end of this consolidation in the next 24-72 hours. It's not common that we get a double three correction (WXY) starting with a sharp zigzag wave W and ending with a huge expanded triangle for wave Y, so this correction is one for the history books. I really hope you have your longs stacked up during this final drop as we're going to take off any moment to new all-time highs, probably to $130K or more.
TradeCityPro | Bitcoin Daily Analysis #14👋 Welcome to TradeCityPro!
In this analysis, as usual, I aim to review the critical futures triggers for the New York session.
📰 Yesterday, news of the Bybit exchange hack emerged, and I will examine its impact on the charts and what it may mean for Bitcoin's future.
⏳ 1-Hour Timeframe
As observed, before the Bybit hack news, Bitcoin was trending upward and had breached the 98482 area. However, when the news broke, Bitcoin took a sharp downward turn, moving straight down to the box floor at 95108.
🔍 Bybit was reportedly hacked for $1.5 billion. Official statements assure that the exchange can fully reimburse its users, suggesting no substantial long-term financial impacts. The Bitcoin movement appears to be a reactionary drop due to the severe nature of the news and is not likely to have a lasting effect.
✨ However, it has shown that the 95108 area is extremely reliable and significant, potentially becoming a key level in the future. As you can see, I have retained the triangle that the price had been reacting to in recent weeks. If there is no reaction today, I will remove this triangle from tomorrow's chart as it appears that the price is more consistently within the box between 95108 and 98482, and the expanding triangle no longer seems relevant.
🔼 Currently, I cannot provide a firm long trigger for futures, and I have removed the 97816 trigger used previously. Such triggers are ineffective after being activated once, and we must wait for the price to establish a new structure.
⚡️ A risky long position could be taken on the breakout of 96516, which has been activated. If you observe a suitable candle with strong momentum during a pullback to this area, you may consider entering.
📉 For a short position, the very reliable trigger remains at 95108. If this area breaks, I will personally attempt to open a short position, as the strong reaction to yesterday's news demonstrated this support's significance.
📅 BTC.D Analysis
The situation hasn't changed much, and Bitcoin dominance continues to range as it has in previous days.
✅ Still, if the 61.04 level breaks, it confirms a bearish dominance, and a breakout of 61.49 would confirm bullish dominance.
📅 Total2 Analysis
For Total2, the trigger activated yesterday was a fake-out, but it caused the trigger to shift. Currently, there is a very promising long trigger for Total2 at 1.26, which the price has reacted to very well, suggesting it is a reliable area. For short positions, entering upon breaking 1.19 could be considered.
🧩 These positions are risky, and the main triggers are for breaking out of the box that lies between 1.16 and 1.28.
📅 USDT.D Analysis
USDT dominance reached the bottom of the box yesterday at 4.40 and showed a very strong reaction. Along with the Bybit hack news, it moved sharply upward to 4.62.
💫 Currently, dominance has been rejected from this area and returned to the middle of the box, indicating that the 4.40 and 4.62 levels are important for confirming positions. If either of these levels breaks, we can secure a long-term confirmation for the bullish or bearish direction of Bitcoin dominance.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
BTC consolidation, The Week Ahead 24 Feb ’25 The Bitcoin (BTC) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since the spike to an all-time high of 109,000 on 20th January 2025, the BTC price action is starting to display some signs of bearish behaviour by potentially forming a double-top reversal pattern.
The key trading level is at the “Neckline” 91,900 level, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 91900 level could target the upside resistance at 100,650 (20-day moving average) followed by the 105,590 and 109,460 levels over the longer timeframe.
Alternatively, a confirmed loss of the “neckline” 91,900 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 85,275 support level followed by 79917 and 75060 (200-day moving average).
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
BTCUSD: Fvg to be FIlled?Hello. Relatively new in the BTC field, any feedback will be appreciated.
As seen on my chart, im expecting price to come back and fill a FVG formed on a recent dump. Seems that we have a somewhat decent bullish trend.
My entry is based on liquidity, currently set at 96206, but I am aware we might see a stop hunt slightly below.
First TP was set on a possible liq sweep reversal point since market does not really have a strong direction as of now, and Second TP is at the fvg start point.
SL is set right below a lower high to avoid getting stopped from a stop hunt, if it reaches said point.
Please, let me see your thoughts and if possible, to get feedback and learn more together:)
Bullish & Bearish Reversal Divergence Trading in Forex🔍 Bullish & Bearish Reversal Divergence Trading in Forex: A Detailed Overview
Divergence is a powerful concept in technical analysis — it helps spot potential trend reversals and momentum shifts. Let’s dive into the details with clear strategies and some visual flair! 🚀
🧠 What is Divergence?
Divergence happens when price action and a technical indicator (like RSI, MACD, or Stochastic) move in opposite directions. This hints that the current trend is losing strength and a possible reversal is coming.
📈 Types of Divergence
🐂 Bullish Reversal Divergence (Buy Signal)
Price: Makes lower lows ⬇️
Indicator: Makes higher lows ⬆️
Meaning: Sellers are losing momentum; buyers might take over soon.
Signal: Potential uptrend reversal ahead.
🔑 Key Confirmation Tools:
Support zone bounce 🛑
Bullish candlestick patterns (Hammer, Engulfing) 🕯️
Increased buying volume 📊
💡 Example Setup:
RSI makes a higher low while price drops lower — prepare for a long (buy) position.
🐻 Bearish Reversal Divergence (Sell Signal)
Price: Makes higher highs ⬆️
Indicator: Makes lower highs ⬇️
Meaning: Buyers are losing strength; sellers could take control.
Signal: Potential downtrend reversal ahead.
🔑 Key Confirmation Tools:
Resistance zone rejection 🚧
Bearish candlestick patterns (Shooting Star, Engulfing) 🌑
Increased selling volume 📉
💡 Example Setup:
MACD makes a lower high while price pushes higher — prepare for a short (sell) position.
🛠️ Best Indicators for Divergence Trading
RSI (Relative Strength Index) – Tracks overbought/oversold conditions. 📊
MACD (Moving Average Convergence Divergence) – Measures momentum shifts. 💥
Stochastic Oscillator – Identifies trend strength and reversals. 🎢
🎯 Divergence Trading Strategies
1️⃣ Classic Divergence Strategy
Spot bullish or bearish divergence. 🔍
Confirm with support/resistance levels. 🧱
Wait for a reversal candlestick pattern (like a Doji, Engulfing, or Pin Bar). 🕯️
Enter trade with a tight stop loss below support (for buys) or above resistance (for sells). 🎯
2️⃣ Divergence + Trendline Break Strategy
Draw a trendline following the current trend. 📐
Spot divergence as the trend loses strength. 🚨
Wait for a trendline breakout for extra confirmation. 💥
Enter trade on the break and retest of the trendline. 💯
3️⃣ Divergence + Moving Average Strategy
Spot divergence between price and indicator. 📉
Use a moving average (MA) like the 50 EMA or 200 EMA to confirm the trend shift. 📈
Buy when price crosses above the MA after bullish divergence. 💚
Sell when price crosses below the MA after bearish divergence. ❤️
⚠️ Common Mistakes to Avoid
🚫 Ignoring confirmation: Always wait for candle closes or breakouts.
🚫 Forcing divergence: Only trade when divergence is clear.
🚫 Skipping risk management: Use a stop loss and position sizing.
🚫 Overtrading small timeframes: Higher timeframes (4H, Daily) offer more reliable signals.
BTCUSD Daily Inflection Point UpdatePreviously I mentioned the weekly was consolidating, but there is potential for this momentum consolidation to have a breakout leg as momentum shifts and the final emotional price movements are played out. I was too conservative in my price projections; a lot more than I used to be- but there wasn't a whole lot of TA involved- I figured the dollar issues would crop up earlier.
Now that the Fed had pivoted. the yields are creeping back up pushing bitcoin back down. The fed doesn't let on just how dire the situation is- and with global tensions rising, the dollar is at significant risk.
I expect a broad correction in all the markets- and cash to become very tight.
There is daily momentum consolidation- and if any other events occur that send yields upward- bitcoin is likely to suffer as a consequence. If instead we sail into the new year unscathed- then this consolidation may provide another leg up; but a break below 88k and a push towards 60k may solidify bitcoins correction.
DAILY
WEEKLY
Let the games begin!!! BTC retracement in play!Double top creation after an ATH seems to be a character trait of BTC after a certain someone gets into office. Moreover, bearish reversal patterns on two higher timeframes (D-Head & Shoulder/4hr- M pattern) further solidifies the inevitable retracement that's needed before the major crypto surge that most are anticipating.
The New Baseline: Bitcoin Is Going Higher (New 2025 ATH #s)Good afternoon my friend, we have a new baseline.
Bitcoin has been consolidating above 90K for three months. We are about to move higher. Bitcoin is set to move higher, much higher in the coming weeks and days. Whenever there is a drop, the strongest support ever will be found around $90,000 and $94,000. Bitcoin will never move below/lower than this range. This is our new baseline.
The next advance is here now but still not yet present on the chart.
The ByBit hack was a major event and yet, the market is so strong that Bitcoin bottomed around 95K. This after the biggest hack in the history of the Cryptocurrency market. This confirms that sellers have no force, the bulls are strong and ready to buy-everything. The bulls have been accumulating and will continue to accumulate long-term. This is it.
A common question goes as follows, "When can I buy Bitcoin?"
"Can I buy now?"
The price to buy Bitcoin for long-term holders, spot traders and accumulators is within the $90,000 and $100,000 price range. We still have one or two more days left to go but it seems $90,000 is now something of the past, impossible to buy Bitcoin at this price. It is gone. It is not available anymore. Think long-term.
We are entering a new bull-market. A major bullish-wave within an already very strong bullish phase. Bull-bullish-bullish in short.
The lowest level after 17-December 2024 peak price stands at $89,268 on a wick. The lowest close $92,541.
Starting 18-November 2024, Bitcoin has never closed below $90,000 and it is likely that Bitcoin will never, ever, visit this level again.
After the bull-market bull-run and bullish phase the bear-market the follows is likely to bottom higher, but this is still too far away.
The new All-Time High in 2025 is not set in stone, it has not been decided. All the numbers I've been sharing is all speculation. The market can go for longer and higher than anything we expect, it is truly unpredictable. It cannot go lower though. We know for sure that Bitcoin will not peak below 150K. We have a minimum range of 160,000 to 180,000 with 200,000 also possible and who knows... Cryptocurrency is new and young.
I just wanted to tell you that you can rest easy because the best is yet to come.
We are only getting started. We are about to experience long-term growth. It will be the most profitable and most exciting we've seen in years. Everything is about to speed up.
Give it time. Now, buy and hold.
We are on the verge of incredible change.
Positive change. This is the evolution of finance.
You are in the right place at the right time.
Imagine the Internet, but on steroids. That's BTC.
Namaste.
TradeCityPro | STXUSDT Reached Weekly Support👋 Welcome to TradeCityPro Channel!
Let's go together to analyze and review one of the popular cryptocurrency coins and Bitcoin's second layer and update our triggers
🌐 Overview Bitcoin
Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together.
This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames.
📊 Weekly Timeframe
On the weekly time frame, stx is one of the coins that started its upward trend before the start of 2024, which caused the formation of its ATH and new ceiling
You can also see one of the best weekly trends in this coin, which is that after each time we hit this support trend line, we rose and made a sharper move.
Also, when this trend line was broken, we made a pullback to it and as we had given the weekly exit trigger with a break of 1.299 in the previous analysis, after the break of the trigger of the trend line, we experienced a sharp decline and reached the support level of 0.796 and now we need to form a structure.
📈 Daily Timeframe
On the daily time frame, but after the rejection of the important weekly resistance 2.745 and getting rejected, we started to correct the price and fall until this price correction turned into a trend change in the daily time frame
After forming the lower ceilings and floors, we reached important support and the trigger for the spot exit, which after the daily failure and pullback to that daily candle, engulfed the previous 3 candles and caused further decline, which led to us reaching the important support of 0.859
Currently, after hitting the support of 0.859 twice, our fall volume has not increased much and it can be said that the sellers do not intend to take the price below 0.859 for the time being, and this will cause us to go into the range and form a new structure. However, I will open a short with a failure of 0.859, but there is no buying at the moment.
⏱ 4-Hour Timeframe
We suffered enough in the four-hour time frame and formed a structure and we are in a range box that we can take a position from both sides
📉 Short Position Trigger
For my short position I open a position with a break of 0.859 and accept the stop loss. Since it is an important support, I try to place my stop loss in a logical space and not make it small.
📈 Long Position Trigger
For the long position, we have two triggers, one risky and one somewhat certain. You can open a position with a break of 0.953 and 1.005, respectively. The difference is that with a break of 0.953, the possibility of a stop loss is higher, and with a break of 1.005, the possibility of losing the position is higher. I choose to take the stop loss myself.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends!
Chart looks identical to May 2021...may be in for some hurtJust a simple low IQ comparison. Looking at the weekly circa May 2021 looks identical to what we're seeing today. Drew the same pattern in red and a bull case in case we still see a new high with the 4 year cycle, but it's looking bleak. We're getting close to completing another weekly cycle and should expect the new low within the next 2 candles. Question is, are we about to retrace 55% like May 2021, or continue the bull run into a new high later this year?
BTC/USDT: Breaking Free from a Descending Broadening WedgePattern Breakdown:
Descending Broadening Wedge:
Characterized by lower highs (LH) and lower lows (LL), this pattern reflects increasing volatility and a potential exhaustion of selling pressure.
Historically, these patterns often resolve to the upside as buyers reclaim control.
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Current Structure:
BTC has bounced from the lower boundary of the wedge, showing signs of a bullish reversal.
The price action aligns well with the theoretical breakout strategy depicted in the diagram, highlighting a high-probability long setup.
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Key Levels to Watch:
Immediate Resistance: The upper boundary of the wedge around $98,000 serves as the first hurdle.
Breakout Target: A successful breakout above $98,000 could push BTC toward the highlighted supply zone at $101,200-$102,000.
Support Levels: Critical support rests near $93,500, where bulls need to maintain control to preserve the bullish outlook.
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Momentum Indicators:
Volume: A noticeable decline during the wedge's formation suggests consolidation, often preceding a strong breakout.
Relative Strength Index (RSI): The RSI is turning upward from oversold levels, signaling increasing buying pressure.
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Trade Setup:
Entry: Watch for a confirmed breakout above $98,000.
Targets: The first target lies at $101,200, with the potential for further upside toward $105,000 if momentum sustains.
Stop Loss: A break below $93,500 invalidates the bullish scenario.