Bitcoin Breakdown, Pi Cycle Top Projections, and USDT.D UpdateIn this video I break down what I'm seeing with Bitcoin and the possibility for an even deeper correction into the Green Buy-Block zones.
I also revsit my Fibonacci projections for this cycle, with initial targets of up to $150k and ulitmately a $200k high target based on the 3.618 Fib retracement projection.
There's confluence with these targets using the measured moves from the recent Bull Flag breakout as well.
The BIG question is, where do we go from here?
Here we check out the Pi Cycle Top indicator, and I make some potential projections...
And propose the idea of a dual-cycle top, like we saw in 2013.
It makes sense, that we see a Jan / February pump to new highs, followed by a recessionary bust in Q2 (March) into the summer and potentially into Q3.
But then rally strongly up from there in Q4 as Oct, November and December are typically very bullish in a 4 year cycle. Either way, I think $200k is the cycle top, if we can get there.
The USDT.D study has also been updated, to show 'sticky' support here on the lower trendline, allowing BTC to push higher again above $100k and even rally higher per above. But then we'll likely see a reversion to the mean, with the USDT.D and Total Market Cap / Bitcoin prices.
Check out the video, and share some love with a Like, Comment, and Share.
Best to luck to everyone!
- Brett
Bitcoinpriceprediction
BTC/USD "Bitcoin" Crypto Market Heist Plan on Bearish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the BTC/USD "Bitcoin" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a short trade at any point,
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest high level.
Goal 🎯: 90,000
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
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Overbought Warning: Exercise Caution in Current Market Cycles
⚠️ Overbought Warning: Exercise Caution in Current Market Cycles ⚠️
Bitcoin and many altcoins are significantly overbought in their respective cycles. 🚨
Caution is strongly advised.
Avoid jumping into investments late in the 1-week cycle. Instead, wait for the cycle to dip below 20 before considering an entry. 📉
🧠 Quick Recap: How to Use the Cycle Signals
- ✅ Green Zone = Potential Buy Signal
- 🚫 Red Zone = Potential Sell Signal
We’ve been in the red zone for a considerable amount of time now, signaling heightened risk. A retracement appears likely, so patience is key!
⏳ The Danger of FOMO
It’s tempting to trade when:
- The market moves 24/7 🌐
- Influencers flaunt their PnL cards 📊
- News and activity are constant. 📢
But jumping into an overheated market can lead to losses, not gains.
✅ What to Do Instead:
- Don’t chase the hype.
- Missed a 10-15% gain? No problem! Compare that to the profits from buying in the green zone and selling in the red—you’ll make far more with less risk.
🔑 Stay Smart, Stay Patient
Remember: **There’s nothing worse than watching your portfolio bleed daily.** Avoid the stress by simply waiting for better cycle opportunities. 💡
This is not financial advice. Always do your own research! 📖
Bitcoin: Hold now, buy laterHello,
Bitcoin is a clear uptrend as the price is above the moving averages, as the picture on the left side of the chart shows. Technical indicators like Ultimate Oscillator, ADX, MOM, and MACD are bullish. However, RSI indicators are overbought, which means Bitcoin might go higher, but there'll be a better time to buy when the market corrects the overbought conditions. I hold my Bitcoins, but I won't buy any more until the upcoming correction, which might come soon.
Regards,
Ely
Bitcoin Likely to See Slow and Choppy Price ActionBitcoin has re-entered the range zone between $99,108 and $103,033, suggesting that we may experience slow and choppy price action in the coming days.
1. For now, Bitcoin has established support at $99,108, which could lead to increased bullish momentum toward the upper boundary of the range at $103,033. This move could occur from the current price level or after a dip back to $99,108 (dashed green projection).
2. A strong breakout above $103,033 with sustained momentum would turn Bitcoin bullish on the 4-hour chart and could set the stage for a rally toward $107,658, the next significant resistance zone (solid green projection).
3. If Bitcoin fails to hold support at $99,108 and breaks below this level, the chart would turn bearish (dashed red projection). The bulls’ last line of defense is at $97,000. A breach below this level could lead to intensified bearish pressure, driving the price toward the $94,500 support zone (solid red projection).
Consolidation within the $99,108 to $103,033 range, with Bitcoin maintaining a moderately bullish bias, could create favorable conditions for Altcoins to perform well.
Bitcoin | First Line of DefenseBitcoin's first line of defense lies within the blue boxes, marking potential areas of interest. However, there are currently no significant demand zones, making it more prudent to wait for upside breakouts on lower timeframes before considering a buyer's position.
Given the uncertainty around the depth of the ongoing correction, it's wise to maintain some cash reserves to adapt to market movements effectively. Patience and careful observation will be key in navigating this phase.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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Bitcoin Tests Key Support: Eyes on $103KBitcoin is technically bullish in the 4-Hour chart. However, it gave up bullish move from the last days and is now testing the key support zone near $103,033.
1. A pullback to retest the $103,032 with a dip below it, followed by a strong rebound above this level will push Bitcoin price towards $108,550 (dashed green projection).
2. A decisive move towards $108,550 and breakout with confidence could pave the way for further upward momentum towards $113,692(solid green projection).
3. If Bitcoin fails to hold above $103,032 and breaks below this level without a swift recovery, it could indicate a loss of bullish strength and Bitcoin chart will turn to neutral. This may trigger increased bearish activity, leading to sideways movement or a potential decline toward the $99,108 support level (red projections).
Bitcoin is Teasing $105K: Bullish Breakout Ahead?Bitcoin has exhibited bullish momentum yesterday and now is teasing the intraday resistance level near $105,140. However, given the current market conditions, caution remains essential as price action could develop in either direction.
Ideally, I would like to see either (A) a pullback to retest the $103,032 level, followed by a bounce back above this level, or (B) sustained break-out above $105,140. These scenarios would increase the likelihood of a bullish continuation toward the next major resistance zone between $107,655 and $108,550 (Green Projections).
On the flip side, if Bitcoin drops below the $103,032 level and fails to recover quickly, it may signal a shift in momentum. This could lead to increased bearish pressure, sideways price action with a potential retest of support at $99,108 (Red Projections).
Traders should monitor these key levels closely for confirmation of the next major move.
Navigating Bitcoin BTC Bull Market: $120k+ After CorrectionHello, Skyrexians!
Tonight Bitcoin has printed another one leg up and touched our previous final target at $107k without correction. What does it mean? It means that targets for this bull run are going to be much higher. Anyway, the warning sign of correction is about to be flashed. Let's try to understand what is happening!
On the daily time frame we market the Elliott waves. Taking into account the maximum value of Awesome Oscillator (AO) current growth is still wave 3 because price reached new high but divergence on AO has happened without zero line cross. It means that currently BINANCE:BTCUSDT is printing wave 5 inside major 3. The big warning is the potential red dot printed by the Bullish/Bearish Reversal Bar Indicator , to see the confirmation we need to wait daily close, so everything can be changed. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
After printing red dot previously we have seen the drops in most of cases, so now it can be wave 4. Wave 4 has the target at 0.38-0.5 Fibonacci level. We suppose that price reach $86k and find support there for the new impulse to the upside. If we assume that wave 3 is finished here and wave 4 will be finished at the pointed out target, the wave 5 has the target zone between $120k and $140k. Anyway, it can be easily recalculated, we will update you with all changes.
Best regards,
Skyrexio Team
___________________________________________________________
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Bitcoin: $73K Breakdown or $130K Breakout ? Your Thoughts !Post your thoughts and analysis in the comments and share your charts! I’ll respond and discuss your predictions. Let’s decode Bitcoin’s next big move together!
Bitcoin is at a critical Gann crossroad where time and price meet—a setup that traders cannot ignore. 📉📈 Is BTC ready to blast off to $130K, or will it lose momentum and plunge to 73K?
Understanding Market Cycles Through Gann's Principles-
W.D. Gann, one of the most legendary traders, discovered that markets move in predictable cycles based on time, price, and natural law. Gann's philosophy states that markets are not chaotic; they follow repetitive patterns influenced by planetary cycles, angles, and geometry. These cycles allow traders to identify turning points in price with incredible accuracy.
1. Time Cycles:
Gann emphasized that time is the most critical factor in forecasting market movements. He believed that history repeats itself, as cycles tend to recur after specific intervals. For example, key highs and lows often form at regular intervals (like 30 days, 90 days, or annual cycles). Gann connected these patterns with planetary cycles, such as the Saturn return (29.5 years), which often marks major shifts in financial markets.
2. Price and Geometry:
Gann introduced the concept of geometric angles, where price moves in harmony with time. The Gann Fan, for instance, uses angles like 1x1, 2x1, and 4x1 to predict the support and resistance levels based on a balanced relationship between price and time.
When a market breaks through a Gann angle, it signals a major trend change or continuation. This principle highlights how BTC could now be at a decisive point between 73K (downside Gann target) and $130K (upside Gann target).
3. Cycle Extremes and Reversals:
Markets tend to hit extremes before reversing. Gann believed that natural time cycles, such as the seasonal year or 90-degree quarters, correspond to price extremes. For example, Bitcoin may currently be completing such a time cycle, aligning with a potential breakout or breakdown. Recognizing where we stand in this cycle allows us to anticipate the next big move.
4.The Law of Vibration:
Gann’s Law of Vibration explains that every financial asset vibrates at a specific frequency. By identifying these vibrations through time and price charts, traders can forecast future price movements. BTC's current consolidation may be a result of price vibrating at a critical frequency before a decisive upward or downward move.
Understanding market cycles through Gann’s time-tested principles is like decoding the market's hidden language. BTC’s current setup aligns perfectly with Gann's theories, signalling a potential major move. Is it a $130K breakout or a 73K crash?
👉 Share your thoughts and analysis. How do you see this market cycle unfolding? Let’s discuss! Bitcoin: 73K Collapse or $130K Explosion? What's Next? Share Your Analysis!
Can Bitcoin Sustain Its Meteoric Rise and Reach the $110,000 MarBitcoin's Meteoric Rise: A Rally Towards the $100,000 Mark
Bitcoin, the world's largest cryptocurrency, has once again defied expectations, surging past the historic $100,000 milestone. This remarkable achievement comes amidst a backdrop of sluggish performance in traditional assets such as oil, gold, and the S&P 500 index.
A Bullish Outlook for 2025
Analysts are increasingly optimistic about Bitcoin's trajectory, with some predicting that the rally will continue well into 2025. This bullish sentiment is fueled by a confluence of factors, including growing institutional adoption, increasing regulatory clarity, and a strengthening global economy.
As more traditional financial institutions and corporations embrace Bitcoin, the cryptocurrency's legitimacy and mainstream appeal have surged. This institutional adoption has significantly contributed to the price surge, as large-scale investors seek to diversify their portfolios and gain exposure to the emerging digital asset class.
Furthermore, regulatory developments around the world have played a crucial role in shaping Bitcoin's future. While regulatory frameworks vary across different jurisdictions, increased clarity and supportive policies have fostered a more conducive environment for cryptocurrency investment.
A Closer Look at the Technical Indicators
Despite the impressive rally, technical indicators suggest that Bitcoin's upward momentum may be losing steam. The "Choppiness" index, a measure of price volatility, has been steadily increasing, indicating a potential shift towards a more sideways market. While the $100,000 level represents a significant psychological barrier, breaking through the $110,000 mark may prove to be a more challenging task.
Long-Term Holders: A Sign of Strength or Weakness?
The behavior of long-term Bitcoin holders has also sparked debate among market analysts. Some argue that the increased accumulation of coins by long-term holders is a bullish signal, suggesting strong conviction in the cryptocurrency's long-term potential. Others, however, believe that this could be a sign of impending weakness, as long-term holders may be preparing to sell their holdings at higher prices.
The Future of Bitcoin: A Fork in the Road
As Bitcoin continues to evolve, several key questions remain unanswered. Will the cryptocurrency achieve widespread mainstream adoption, becoming a staple in investment portfolios worldwide? Or will it face increased market volatility and regulatory hurdles, potentially leading to a price correction?
Furthermore, the future of Bitcoin may be intertwined with the development of innovative technologies such as blockchain and decentralized finance (DeFi). These emerging technologies have the potential to revolutionize various industries, including finance, supply chain management, and healthcare.1
Investor Sentiment: Hold, Sell, or Buy More?
Retail and institutional investors alike are grappling with the decision of whether to hold, sell, or buy more Bitcoin. While the cryptocurrency's recent performance has been impressive, it's essential to approach investment decisions with caution and conduct thorough research.
As with any investment, it's crucial to consider your risk tolerance, financial goals, and long-term investment horizon. Diversification is also a key strategy to mitigate risk and optimize returns.
Conclusion
Bitcoin's journey to the $100,000 milestone is a testament to its resilience and transformative potential. While the future remains uncertain, the cryptocurrency's underlying technology and growing adoption continue to drive its value. As the digital asset landscape evolves, it's imperative to stay informed and adapt to the changing dynamics of the market.
Could Bitcoin Fall to Zero ? A Closer Look at CBDCs.Bitcoin's journey began in 2008, when an anonymous figure under the pseudonym Satoshi Nakamoto introduced it through a white paper titled Bitcoin: A Peer-to-Peer Electronic Cash System. Nakamoto’s vision was to create a decentralized currency, free from government or central bank control, using blockchain technology. The first block, called the genesis block, was mined in January 2009, marking the birth of Bitcoin.
Despite Nakamoto's critical role in Bitcoin's inception, his true identity remains a mystery, leading to much speculation over the years. Some have theorized that he could be a single individual, while others suggest that Nakamoto could be a group of people or even a government agency. After releasing the software and participating in the early days of the network, Nakamoto gradually withdrew from public involvement, leaving the Bitcoin community to grow independently. This disappearance into the shadows has only added to the intrigue and mystique surrounding the cryptocurrency's origins.
While Nakamoto remains a key figure in Bitcoin's history, he has remained silent since 2011, with no clear explanation as to why he stepped back.
1. BIS: The Puppet Master of Global Finance
The Bank for International Settlements (BIS) is often referred to as the "central bank of central banks" due to its unique role in fostering international monetary and financial cooperation. Established in 1930, it serves as an umbrella organization for central banks worldwide, providing a platform for collaboration and offering banking services to them. The BIS is headquartered in Basel, Switzerland, and its primary objectives are to promote financial stability, monitor economic trends, and facilitate communication between global central banks, such as the Federal Reserve, European Central Bank, and others.
Over time, the BIS has played a crucial role in shaping global monetary policies, overseeing financial markets, and fostering agreements between the world's leading financial institutions. It is instrumental in setting regulatory standards and guidelines that many countries' central banks follow. This level of control and influence positions the BIS at the centre of international financial governance, which is critical when discussing the future of currencies, including Bitcoin and the potential shift to Central Bank Digital Currencies (CBDCs).
As a body that influences the direction of global banking, the BIS has been actively involved in discussing and exploring the future of digital currencies. Given the growing interest in decentralized cryptocurrencies, such as Bitcoin, the BIS has expressed concerns over the stability of decentralized systems and has advocated for centralized digital currencies to ensure that monetary policy can remain under control, furthering the possibility of a CBDC rollout in the future.
3. Why Bitcoin’s Fall to Zero Could Be a Strategic Move
Now, with global economies struggling under record-high debt levels, central banks might see Bitcoin as a bubble ready to pop. The BIS could leverage its influence to push for a CBDC revolution, positioning these centralized digital currencies as “safer” and more reliable alternatives to Bitcoin. By orchestrating a dramatic collapse in Bitcoin, the narrative could shift, convincing the public that decentralized currencies are unstable and unsustainable.
CBDCs are fundamentally different from Bitcoin:
- Fully controlled by central banks.
- Allow tracking and surveillance of every transaction.
- Provide central banks the ability to impose negative interest rates or freeze funds.
This shift would mark a return to centralized control, with individuals losing the financial freedom Bitcoin promised.
4. Was This the Plan All Along?
It’s not far-fetched to believe that Bitcoin’s rise and fall have been part of a larger test. During the pandemic, Bitcoin surged on the back of mass media promotions and institutional FOMO. Billionaires like Elon Musk promoted Dogecoin and Bitcoin, fuelling speculative buying. Yet, when the dust settled, the same institutions that promoted Bitcoin quietly accumulated it during crashes.
With Bitcoin at $100,000 now, the euphoric belief in its unstoppable rise mirrors past market bubbles. Could this be the final phase of Bitcoin’s journey before an engineered collapse leads to the introduction of CBDCs as the “solution”?
5. What’s Next?
If Bitcoin does crash to zero, it will be a defining moment for cryptocurrencies and global finance. CBDCs would emerge as the dominant narrative, backed by the BIS and central banks, with promises of stability, security, and control. However, it would come at the cost of financial freedom and decentralization.
Disclaimer:
The post explores possibilities based on historical trends, institutional behaviours, and emerging global financial strategies. While I am not claiming that Bitcoin will inevitably fall to zero, we cannot ignore the potential for this to occur, especially as major players like the Bank for International Settlements (BIS) push for a centralized currency system under the guise of Central Bank Digital Currencies (CBDCs).
The BIS, as the central bank of central banks, is focused on pushing for a centralized, controlled financial system, and this has implications for decentralized systems like Bitcoin. They are aiming to promote their agenda of centralization, and in doing so, they seek to control the masses through monetary power, which is in direct opposition to the fundamental principles behind Bitcoin’s decentralized nature.
This is not final financial advice, nor am I claiming Bitcoin will necessarily collapse to zero. However, the possibility cannot be ignored, especially when considering the global financial forces at play. I urge you to think critically and keep an open mind regarding these dynamics. What we are witnessing may just be the beginning of a new chapter in the future of money and its control. Let’s keep a close eye on how this unfolds.
What Do You Think? Could Bitcoin's journey be part of a larger plan to usher in CBDCs? Are we witnessing the twilight of decentralized finance? Share your thoughts and perspectives below, and share this to make people aware :)
Triangle Consolidation on Bitcoin (BTC)Hello,
Current Price: $94k.
Chart Pattern: Triangle
Trend: Consolidation/Sideways
Trade: You may try a long position if BTC stays within the triangle or breaks upwards. Breaking the triangle downward would invalidate the long position ideas and have a bearish indication.
Regards,
Ely
BTCUSD Trade LogBTC Long in 4H FVG
Entry : Within the 4-hour Fair Value Gap (FVG) at a relative discount level.
Risk Management : Risk 1% of your trading capital, incorporating any commissions.
Risk-Reward Ratio (RRR) : 1:2 (set the take-profit at twice the distance of the stop-loss).
Take-Profit (TP) : Position the TP below the 1-hour bearish FVG, which has signaled a potential short opportunity.
Confirmation : Ensure a strengthening uptrend in the Cumulative Volume Delta (CVD) to confirm increasing buying pressure.
This strategy balances the long opportunity while respecting potential bearish setups in shorter time frames.
#BTCUSDT: Bitcoin to 100k is not far now! Get ready In our previous chart, we identified a potential swing buy planning area at 60k, where we anticipated a price reversal. The price subsequently reversed and is currently at 68k. Examining the price behavior in this pattern, we observe a Wyckoff strategic pattern on the two-day timeframe. The pattern has been completed, and the price is currently in a distribution phase. Potential targets include an all-time high, with 80k as the next target, followed by 90k and a final target of 100k. While this may seem optimistic, we base our actions on observed price behavior, which currently indicates the potential for a significant move. We appreciate your feedback and encourage you to follow for more insights.
Where are we in the Bitcoin Cycle?Let’s break it down:
1️⃣ 60-Day Cycle Count
2️⃣ Cycle Indicators
🧵👇
1️⃣ 60-Day Cycle 📆We’re on Day 20 of the cycle.
💡 Around this time, a small retracement to the mid-cycle low is normal. But here’s the bullish twist:
⚡ In bullish cycles, the mid-cycle low is HIGHER than:
The previous cycle low
Even the next cycle low
✅ Translation? We’re STILL climbing this cycle! 🚀 Expect upside in the next 1–2 weeks.
2️⃣ Cycle Indicators 📊The 2W, 1W, 3D, and 1D indicators just hit 80—a level that usually triggers a price drop.
⬇️ This marks the top of the 1W cycle and could signal some short-term cooling off.
Summary 🧠 🌱 Day 20 of a bullish cycle = Growth ahead. 🔔 Short-term pullbacks = Buying opportunities.
👀 Watch for continued upside over the next 1–2 weeks. Stay on the line.
#Bitcoin #Crypto #BTC #TradingView
Bitcoin Cycle Top Expectation: Fibonacci Targets $160K-$180KAs Bitcoin approaches the $100,000 milestone, this analysis leverages Fibonacci extensions to highlight potential targets for the current market cycle. Historical trends suggest that Bitcoin’s cycle tops often align with major Fibonacci levels, making the $160K-$180K zone a key area of interest.
This zone represents a strong convergence of resistance based on both technical levels and psychological significance, where a potential cycle top could form. The chart provides a visual breakdown of these targets, with additional possible extensions if momentum overextends.
Disclaimer: This is not financial advice. Always conduct your own research before making any investment decisions.
BITCOIN / BTCUSDT Bullish Long Trade Target $129,582!!The Bitcoin (BTC) weekly chart highlights a robust long trade setup identified using the Risological Indicator.
With Target 1 (TP1 at $79,726.4) successfully achieved, the cryptocurrency is positioned for further upward momentum towards its ambitious targets.
BITCOIN / BTCUSDT Key Technical Insights:
Entry Point: Entry triggered at $67,957.6, following confirmation from bullish signals and the Risological trendline support.
Massive Target Zone : The remaining targets at TP2 ($98,769.9), TP3 ($117,813.4), and TP4 ($129,582.3) suggest substantial upside potential driven by strong market sentiment and technical alignment.
Stop-Loss Protection: Risk management is secured with the stop-loss set at $58,435.8, ensuring minimized downside exposure.
Momentum Drivers:
Technical Resilience: The upward trajectory is supported by a confluence of the Risological Lines acting as a dynamic guide.
Market Sentiment: Bitcoin continues to display impressive resilience amidst broader market uncertainty, reinforcing its appeal as a strong bullish candidate.
Conclusion:
Bitcoin's ongoing bullish breakout underscores its potential to reach the higher target zones. Traders leveraging this trade setup stand to benefit significantly from the well-structured risk-reward balance.
Keep monitoring for momentum accelerations towards TP2 and beyond!
Bitcoin Upward WavesSince the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There are two possible areas for the current Bitcoin't correction wave. The first is the purple triangle, and the second is the orange one. The only difference between these two areas is that if the Bitcoin reaches the orange triangle, the major ascending channel will be invalidated, since Bitcoin has breached the channel's bottom. Let's see what happens.
BITCOIN Short Trade Alert: Pullback Opportunity on 4H ChartBITCOIN (BTCUSD) Technical Analysis:
Bitcoin's 4-hour timeframe is presenting a promising short trade opportunity. The chart signals a potential pullback after testing key resistance levels. This setup is particularly appealing for traders leveraging 5x to 10x positions.
Trade Summary:
Entry Point: $76,549.8
Stop Loss (SL): $76,885.1
Targets:
TP1: $76,135.5
TP2: $75,465.0
TP3: $74,794.5
TP4: $74,380.2
Key Insights:
Trendline Breach: BTC's price action is testing a steep upward trendline, hinting at a potential reversal.
Momentum Shift: Weakening bullish momentum on the higher timeframe adds confidence to the short trade.
Risk-Reward Balance: Tight stop loss above resistance ensures a favorable risk-to-reward ratio.
Leverage Consideration:
5x Leverage: For risk-averse traders aiming for steady returns.
10x Leverage: Suitable for aggressive traders ready to maximize potential gains while managing risk.
Recommendation:
Execution: Enter short positions near the marked entry zone with targets aligned with the support levels.
Stop Placement: Keep the stop loss firm above the $76,885.1 resistance level to avoid unnecessary risks.
Trend Monitoring: Watch for sudden market sentiment changes that may invalidate the pullback.
Conclusion:
This Bitcoin short trade setup offers an excellent opportunity for traders looking to capitalize on a pullback scenario. Leverage wisely, adhere to risk management, and let the strategy play out for maximum gains.