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Bitcoin (Cryptocurrency)

BTC Correction Incoming? Key Support Zones to MonitorOver the past 50+ days, Bitcoin has been consolidating within a well-defined range, with the all-time high (ATH) at 108K marking the upper boundary and 90K as the lower boundary. The current price action has formed a Head and Shoulders pattern, with the neckline positioned around 90K. Volume and Recent Price Action Volume has notably decreased compared to the elevated levels seen in November and December 2024, signaling weakening momentum. Price rose significantly to 102.7K, reaching the 0.666 Fibonacci retracement level of the current downtrend, where it faced a sharp rejection. This rejection led Bitcoin to test the lows around 91.5K. Key Resistance Levels 97K (POC): The Point of Control (POC) of the current range sits around 97K, which also aligns with the anchored VWAP taken from the all-time high. 98.3K (Fib 0.618): The Weekly Open (wOpen) coincides with the 0.618 Fibonacci retracement of the current downward wave, making it a significant resistance level. 100K (Psychological Level): A critical psychological barrier, also serving as a key level for setting stop-loss orders for short positions. Short Trade Setup A short position could be built in the range of 97K-98.3K, with the following parameters: Stop-Loss: Above 100K. Target: 84-80K range. Risk-to-Reward Ratio (R:R): A favorable 3:1 to 4:1, depending on laddered entries. Key Support Levels and Confluence Zone (80K-83K Region) The 80K-83K region stands out as a strong support zone due to multiple confluence factors: 1.) Fib Retracement Levels: 0.618 (82.7K): From the swing low of 67K to the ATH of 108K. 0.5 (80.45K): From the broader wave structure (52.5K to 108.35K). Negative Fib -0.618 (81.1K): From the current downward wave. 2.) Anchored VWAP: Anchored from 6th September 2024, currently aligning with the 82K level. 3.) ]Fib Speed Fan (0.618): Taken from the low at 52.5K to the ATH, intersecting with the 80-82K region around mid-to-late January. Long Trade Setup The 80K-83K support zone presents a strong opportunity for a long position for those who missed the previous uptrend: Entry Zone: Between 80K and 83K. Stop-Loss: Below 78K or lower. Target: 90K, which aligns with the neckline of the Head and Shoulders pattern. Risk-to-Reward Ratio (R:R): Approximately 2:1 if entering from the 80K level.
Short
by SiDec
BITCOIN - Price can exit from wedge and then start to declineHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price entered a downward wedge, where it bounced from support line to resistance line of wedge pattern. Also, price broke $100500 level, but soon broke it again and continued to decline to $92800 level. When price reached this level, it broke it too and fell to support line, after which bounced and exited from downward wedge. Then BTC started to trades in upward wedge, where it at once fell from resistance line to support line. After this, price in a short time rose to resistance line, breaking $92800 with $100500 levels, and now trades near resistance line. So, I think that Bitcoin can exit from wedge and then bounce down to $98000, breaking $100500 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2
BTC - Welcome to Phase 2Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 1️⃣In the previous cycle, BTC broke above its red range during the first parabolic impulse. 2️⃣It then consolidated within a range for a few days before beginning the second impulse. 💡 Can you spot a pattern here? "History doesn’t repeat itself, but it often rhymes." ~ Mark Twain 2️⃣If we follow the previous cycle and history follows a similar rhythm, we may currently be setting up for phase 2. 📈Confirmation would come from a breakout above the blue range. 📚Always follow your trading plan regarding entry, risk management, and trade management. And Remember: All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
10
BTC can Reach above $100k If It Manages to Break this ... !!As I said, this head and shoulders pattern is fake, and it turned out to be so. Now it can be said that the price is in a wedge, and if a breakout occurs, we will see the price rise above 100k . previous analysis and The Crypto Market Game: How to Win Against Fear and Manipulation Did you really think profiting from the current bull run (a comprehensive upward market) would be easy? Don't be naive. Do you think they’ll let you buy low, hold, and sell high without any struggle? If it were that simple, everyone would be rich. But the truth is: 90% of you will lose. Why? Because the crypto market is not designed for everyone to win. They will shake you. They will make you doubt everything. They will create panic, causing you to sell at the worst possible moment. Do you know what happens next? The best players in this game buy when there’s fear, not sell—because your panic gives them cheap assets. This is how the game works: strong hands feed off weak hands. They exaggerate every dip, every correction, every sell-off. They make it look like the end of the world so you abandon everything. And when the market rises again, you’re left sitting there asking, “What just happened?” This is not an accident. It’s a system. The market rewards patience and punishes weak emotions. The big players already know your thoughts. They know exactly when and how to stir fear, forcing you to give up. When you panic, they profit. They don’t just play the market—they play you. That’s why most people never succeed: they fall into the same traps over and over again. People don’t realize that dips, FUD (fear, uncertainty, doubt), and panic are all part of the plan. But the winners? They block out the noise. They know that fear is temporary, but smart decisions last forever. We’ve seen this play out hundreds of times. They pump the market after you sell. They take your assets, hold them, and sell them back to you at the top—leaving you with nothing, wondering how it happened. Don’t play their game. Play your own. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3
BTC NEW Update (4H)Considering that Bitcoin is in a trading range, has swept the lower liquidity pools, repeatedly tested a support knot, and has a liquidity pool above the trading range, it is expected that this bullish move will either be absorbed into the higher liquidity pool on the chart or that pool will be swept. After these two scenarios, it is expected that the price will drop and then bullish again from a support knot that has not yet been tested with a bearish wave. A daily candle closing above the invalidation level would invalidate this analysis. This perspective is applied to Bitcoin. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
Bitcoin UP x Bitcoin Dominance Down = ALTSEASONCRYPTOCAP:BTC 📈 CRYPTOCAP:BTC.D 📉 = Altseason ✅While bitcoin dominance continues to decrease in February 2017, meanwhile, bitcoin continues to rise and #Altcoin season is experienced for 11 months. ✅While bitcoin dominance continues to decrease in January 2021, meanwhile, bitcoin continues to rise and #Altcoins season is experienced for 11 months. ✅Bitcoin dominance is declining in January 2025 and meanwhile bitcoin continues to rise so we are likely to witness the #Alts season over the next 11 months
CRYPTO:BTCUSDLong
by EtherNasyonaL
Big picture box zone: 93576.0-106133.74 (Title) The point of interest is whether it can escape from the important support and resistance zones in the big picture ------------------------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- Because the coin market has become volatile, it is necessary to check what USDT and USDC will look like. If USDT or USDC shows a gap-up pattern, it means that funds have flowed into the coin market. If it shows a gap-down pattern, it means that funds have flowed out of the coin market. If USDT or USDC gapped down, there is a possibility of profit taking, which is an outflow of funds while driving up the price. This movement will eventually lead to a decline in the coin market. (BTC.D 1D chart) If BTC dominance falls below 55.01 and remains or shows a downward trend, I think there is a high possibility that an altcoin bull market will begin. (USDT.D 1M chart) If USDT dominance rises above 4.97, I think the coin market is likely to show a large decline and show a downward trend. If USDT dominance falls, it is expected to fall to around 2.84 and then show an upward trend. If it touches around 2.84 and rises, the coin market is likely to turn into a downtrend, so you should think about a countermeasure for this. Because the rising USDT dominance means that the coin market is likely to show a downtrend. ---------------------------------------- (BTCUSDT 1D chart) If the price is maintained above 97461.86, BTC is likely to show a short-term uptrend. At this time, the resistance zone is 1st: 101947.24 2nd: 106133.74 It is likely to be around the 1st and 2nd above. Therefore, the 101947.24-106133.74 zone corresponds to the high point boundary zone. - (1M chart) The short-term uptrend I mentioned earlier is actually meaningless in the big picture. Since the BW(100) indicator of the 1M chart was created at the 93576.0 point, the 93576.0 point corresponds to the high point boundary point. Therefore, the price holding above 93576.0 means that it is in the high point range. Therefore, if it falls below 93576.0, it will fall from the high point range, so it is highly likely that a downtrend will begin in the big picture. You can see how important the area around the 93576.0 point is. - (1W chart) The HA-High indicator of the 1W chart is formed at the 94742.35 point. The BW(100) indicator on the 1W chart is formed at the 104463.99 point. Therefore, the 94742.35-104463.99 section corresponds to the high point boundary section when viewed on the 1W chart. Therefore, in order to continue the uptrend, it must rise above the 94742.35-104463.99 section. If not, if it falls below 94742.35, it is likely to show a downtrend. Since the StochRSI indicator on the 1W chart is in the oversold section, we need to check whether the StochRSI indicator turns upward due to the price increase this week. Among the interpretation methods of the StochRSI indicator, based on the 50 point, - When it is below 50, you should focus on finding the time to buy, - When it is above 50, you should focus on finding the time to sell. In particular, when entering the overbought or oversold zone, it is necessary to focus more on where the price shows support and resistance. ------------------------------------ To summarize the above, the important support and resistance zones in the big picture are the 93576.0-94742.35 zone and the 104463.99-106133.74 zone. Because it is highly likely that a new trend will start when it breaks out of these two zones, you should trade within the box zone until then. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire BTC zone. (BTCUSD 12M chart) Looking at the big picture, it seems that it has been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we 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. In other words, it 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 to decide how to view and respond to this. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
4
BTCUSDT - 17th January📉 BTC/USDT at a Crossroads – Bullish and Bearish Scenarios 📈 Bitcoin is currently navigating a critical decision point, as uncertainty looms over the completion of Wave 4. Here’s a breakdown of the potential outcomes: 🔑 Bullish Path: If Wave 4 is complete, BTC is poised for a breakout above the $103K resistance level. Target Zones for Wave 5: 🎯 Target 1: $121K 🎯 Target 2: $129K A confirmed breakout above $103K would signal the start of a rally toward a new all-time high. 🔻 Bearish Path: If Wave 4 remains incomplete, BTC might still be forming a triangle or bull flag, which suggests another leg downward. Possible Downside Levels: 📌 FWB:88K to $86K This would likely mark the final accumulation phase before BTC resumes its climb toward the all-time high. 🎯 Current Outlook: The $103K level is the key to determining Bitcoin’s next move: A breakout confirms the bullish scenario. A rejection signals potential downside. 📊 Conclusion: Bitcoin’s path hinges on resolving Wave 4. Until confirmation emerges, traders should exercise caution and prepare for both bullish and bearish scenarios when planning trades or investments. Disclaimer: ⚠️ This is not financial advice! Always conduct your own research and trade responsibly.
by RhinoAkaBear
BITCOIN UPDATES FOR ENTRIESWere still on a Bullrun, but we might see an clear of LONGS here!. if the premiums clear. wait for pullback. This idea would manipulates the LONGS. or the price could go back to 78k? before we go higher. This is only my view for now. I'm still bullish on MARKETSCOM:BITCOIN , this is not a financial advice, do your own research base on the sentiments right now. The long-term still on 128k? probably yes, but at what timeframe. follow for more. I will be posting daily updates on other pairs. Come and check this out. Daily reminder you need to rest on weekends. the market is just making liquidity. Lock in boys. keep stackingsss satttssss.. I believe on this coin. As we can see the US markets especially the ETFS, could drive the price high before our eyes.
BITSTAMP:BTCUSDLong
by D1GITALTRADES
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
COINBASE:BTCUSDShort
by Mikhiavelli
BITCOIN new ATHs !? BITCOIN new all-time highs ?! Hello ❤TV community 👋 The new year is still young and the bulls could really take off here ... Here with a bullish option and a WolveWave(WW) and the targets on the upside. 🖥Intraday chart (12h) and everything important 💡 Everything important in the chart 👀 💥bullish CYPHER Harmonic 👀 👉Volume analysis 👀💪 👉Daily MA50 re-test 👀🔥 🔥BITCOIN roadmap/outlook (from 27th february 2024) If you like this idea, please leave me a 🚀 and follow for updates 🔥⏰ Furthermore, any criticism is welcome as well as any suggestions etc. - You're also very welcome to share this idea. Have a nice evening & successful trading decisions 💪 M_a_d_d_e_n ✌ NOTE: The above information represents my idea and is not an investment/trading recommendation! Without any guarantee & exclusion of liability!
BITSTAMP:BTCUSD
by M_a_d_d_e_n
30
XRPBTC This is how you can play XRP's strength.The XRPBTC pair is rising parabolically since November as XRP has been massively outperforming Bitcoin. This 1week chart shows the pair's price action since August 2013 and that is somewhat a Rectangle. Even though the price has only crossed the 0.5 Fibonacci level twice in 5 years before this week, it appears that the double bottom formation can alter that and with incredibly strong fundamentals for XRP, bring it back to the glory days before 2017. A sound trading plan would be to keep buying XRP until the pair reaches the 0.786 Fibonacci level, where historically it has been a good level to sell and switch to BTC. Four times BTC regain its strength and outperformed XRP there. Even though it can go higher, it is worth the risk selling XRP and buying BTC on the 0.786 Fib, all the way to at least the 0.382 Fib if not 0.236. In times of clear trends, paying attention to this pairs can be enormously profitable. Follow us, like the idea and leave a comment below!!
Long
by TheCryptagon
1
BTCUSD: Blast from the past targets $107,000Bitcoin is having a strong 3 day rally but despite the aggression, its 1D technical outlook only just now turned bullish (RSI = 56.345, MACD = -95.200, ADX = 24.772). This shows the strong bullish potential that this wave still has and in fact, based on the 1D MACD, it is mirroring so far the March-May 2024 pattern. The presence of the LH trendline in the past supressed the price until the 1D MA50 was crossed and the bullish breakout almost touched the R1 level. Right now the new R1 is being tested so if crossed, we will be expecting a near test of the current R1 level (TP = 107,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
1
Bitcoin - This Month Will Decide Everything!Bitcoin ( CRYPTO:BTCUSD ) is still rather bullish: Click chart above to see the detailed analysis👆🏻 In December of 2024, we saw a little pause during the overall bullish crypto bullrun, which was actually quite expected after the recent rally of about +500%. This could still turn into a false breakout, but since everything looks rather bullish, new all time highs are much more likely. Levels to watch: $70.000, $300.000 Keep your long term vision, Philip (BasicTrading)
CRYPTO:BTCUSDLong
by basictradingtv
20
XAU/USD : Gold Surges Above $2700: Volatility Looms! (READ)By analyzing the gold chart on the 4-hour timeframe, we see that, as anticipated, the price experienced another strong rally, breaking above $2700. Today, gold reached $2711 before encountering a bearish order block, triggering a correction. Currently, it is trading around $2703. With key reports like Retail Sales and Unemployment Claims ahead today, gold is expected to see heightened volatility. Given the current momentum, further correction is likely. The first corrective target for gold is $2698.5, with subsequent targets to be updated in future analyses. Stay tuned! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
15
From Bear Trap to Breakout: Bitcoin RoadmapBitcoin ( BINANCE:BTCUSDT ) started to rise again( with a high momentum ) yesterday after failing to break the Heavy Support zone($93,400-$90,000) ( Bear Trap formation). Educational Tip: Its quick return after exiting the Heavy Support zone($93,400-$90,000) with high volume was one of the signs of a bear trap. Regarding Elliott wave theory , it seems Bitcoin successfully completed a Zigzag Correction(ABC/5-3-5) yesterday and is currently completing the next five impulsive waves . Likely, Bitcoin is still in correction waves . I expect Bitcoin to start correcting from the Resistance zone($100,000-$98,080) , 50_SMA(Daily) , and Monthly Pivot Point and start to rise again from the Potential Reversal Zone(PRZ) and attack the Resistance zone($100,000-$98,080) . ⚠️Note: If Bitcoin breaks the Heavy Support zone($93,400-$90,000), we should expect a fall with high momentum (it is unlikely that another Bear Trap will be created). ⚠️Note: If Bitcoin goes below the Potential Reversal Zone(PRZ) , there is a high possibility that Bitcoin will break the Heavy Support zone($93,400-$90,000). 🙏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.
Long
by pejman_zwin
21