Bearish BIAS on BTC with potential targets up to 90000-92000My Bias still Bearish on BTC with further potential targets below.
Btc!
Bitcoin (BTC/USDT) AnalysisBitcoin is trading within a well-defined ascending channel, indicating a bullish trend in the medium term. The price is near the lower trendline support, suggesting a potential bounce. Support Zone: $92,000 – $94,000 (green area) This zone has provided strong support during successive pullbacks. Resistance Zone: $100,000 – $102,000 Bitcoin has struggled to break this level, which is a major resistance. If BTC maintains the current support and breaks the $100,000 resistance, the next target could be the upper channel boundary around $110,000 or above. A breakdown below $92,000 could invalidate the ascending channel, with a potential decline to $88,000 or lower.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
BTC Correction 77/79KBitcoin is expected to undergo a downward correction in the coming period, targeting the zone between $77,000 and $79,000. However, it is possible for the price to continue declining to lower levels.
with signs of selling momentum at higher levels. Nonetheless, the mentioned zone might still offer a chance for consolidation and a potential upward move if supportive factors align.
Trading plan for Bitcoin price for Christmas & New Year holidays🎄 Christmas and New Year's holidays are coming up, and we congratulate you on that!)
We survived, even earned a little, so thank you for that)
Currently, the CRYPTOCAP:BTC price has been stopped on "the verge of a foul", but the holidays will lead to a decrease in business activity and an increase in “manipulative volatility.”
So, to follow the behavior of the OKX:BTCUSDT price, subscribe to this idea!
A big temptation is to “break the stops” of #Bitcoin, which are hiding below $85k, and an even bigger temptation is to close the GAP on the CME BTC chart in the range of $77-78k.
And there are several other options for the development of events by combining the BTC.D and USDT.D indices, but I'm too lazy to write about it yet)
⁉️ But if you are interested in us writing “voluminous reflections”, like at the end of 2022 before the start of super growth with plans for 2023-25, which are working out very well👇
then we need inspiration from you in the form of reactions and comments here and maybe a miracle will happen, the main thing is to believe in it!)
Bearish Breakout: ZEN’s Path to $26 RevealedZEN has broken below both the daily open (dOpen) and weekly open (wOpen), signaling increased bearish momentum. The previous support levels now act as a Support/Resistance Zone, and bullish recovery requires reclaiming both dOpen and wOpen with significant volume. However, the current setup suggests further downside toward the $26–$25 range, which aligns with multiple confluences and the target from the Head & Shoulders (H&S) pattern.
Confluence for $26–$25 Support Zone:
Fibonacci Retracement (0.618): The key retracement level provides a strong support area.
$25 Key Level: A psychological and technical key level with historical significance.
Point of Control (POC): The POC from the previous trading range aligns perfectly with this zone.
Trend-Based Fibonacci Extension (1.272): The projected extension supports the target.
Fibonacci Speed Fan (0.777): Adds further confluence for this price level.
H&S Target: The projected target of the confirmed Head & Shoulders pattern coincides with this zone.
Outlook and Strategy:
Short-Term Bias: The bearish trend remains dominant unless bulls manage to reclaim dOpen and wOpen with strong volume.
Target Area: The $26–$25 range serves as the most probable area for a bounce or reversal due to multiple technical confluences.
Next Steps: If price reaches the support zone, look for a high-probability long setup with confirmation through increased buying volume, bullish candlestick patterns, and alignment with key indicators.
$FLM pay attentionJust pay attention at FLM it could breakout resistance
Price at 200EMA and 61fibo it's a good point but also look at the CRYPTOCAP:BTC becuase it's leader of market
Short Setup Masterclass: Perfect Retest of dOpenKey Observations
1.) Wave Structure & Flat Top Formation:
The completion of a 5-wave structure aligns with Elliott Wave Theory's indication of a potential reversal or corrective phase.
A flat top pattern at the 5th wave signifies a strong resistance level, which led to a structural break to the downside.
2.) Daily Open Retest:
Price perfectly retested the daily open (dOpen) before rejecting it. This level now acts as a strong resistance, offering a favorable risk-to-reward (R:R) ratio for short entries.
Stop-loss (SL) placement is ideal just above the daily open to minimize risk.
3.) Lack of Bullish Volume:
Current ranging behavior lacks bullish volume, further supporting the bearish case for a continuation to lower levels.
Support Zone & Confluence Factors
The immediate target for this short trade lies at the confluence-rich support zone near $3.3184, identified by the following factors:
1.) Fibonacci Levels:
0.382 Fibonacci retracement aligns with this zone, confirming its significance.
2.) VWAP (Volume-Weighted Average Price):
The VWAP from the swing high indicates $3.32 as a key level.
3.) Negative Fibonacci Extension (-0.618):
Projecting from the recent impulse points to this area as a potential corrective target.
4.) December 16th High:
This level now acts as a magnet for liquidity, increasing the likelihood of a revisit.
5.) Liquidity at Swing Low:
The swing low at $3.3184 holds significant liquidity, which could be swept during a bearish
move.
6.) Fibonacci Speed Fan (0.618):
The 0.618 speed fan intersects around $3.32, adding further confluence to the zone.
Trading Strategy
Short Trade Setup:
Entry: The ideal entry was at the dOpen retest. A short trade can now be initiated at the current price with a smaller position size.
Stop-Loss (SL): Above the daily open to minimise risk.
Take-Profit (TP): Targeting the confluence zone at $3.3184.
BTC is approaching the 99,000 resistance zone,BITSTAMP:BTCUSD BTC is approaching the 99,000 resistance zone, where selling pressure could emerge. If this level holds, the downside target remains at 86,000, which aligns with a significant support level. Keep an eye on price action and momentum indicators for confirmation before entering a position.
Entry Position:
- **Sell Entry:** Around 98,900–99,100 (to account for potential resistance zone fluctuations).
Stop Loss:
- **Stop Loss:** 99,600 (above the resistance zone to manage risk).
Target:
- **Take Profit:** 86,000 (key support zone).
Risk-Reward Ratio:
- Ensure the risk-to-reward ratio is at least 1:2 to maintain a favorable trading setup. Adjust your position size accordingly.
Keep monitoring for bearish confirmation signals (e.g., rejection wicks, bearish divergence, or a breakdown of intraday support).
BTC Gaining StrengthOn the 4hr timeframe BTC shows increasing momentum with price making higher lows, and RSI making higher lows - both an indication of gaining momentum.
On the daily timeframe BTC shows hidden bullish divergence as price is making higher lows, while RSI shows lower lows.
Both timeframes point towards an indication that we could be at bottom already.
Get ready for a new year rally!
bitcoin dips below 60kbitcoin dips below 60k, but we're unfazed.
i see this playing out as we move into the depths of winter,,,
this crypto winter ❄️
why would this happen, you ask?
the answer is simple: a stop-loss raid.
a sharp wave 4 designed to shake out weak hands.
distribution may have already started, hypothetically speaking, but it'll take the rest of the year to unfold.
think of it like the jan 2021 -> april 2021 vibe, only on a slightly higher degree and timeframe.
---
take note of the highlighted wave 2's and wave 4's on my chart.
what i'm illustrating is "the law of alternation," which states:
if wave 2 is flat, wave 4 will be sharp, and vice versa.
all the wave 2's in this cycle have been flats,
so by design, all of our wave 4's are set to be sharps.
this fits neatly into the larger cycle:
sharp retracements triggered by over-leveraged positions,
yet consistently bought up thanks to strong demand.
with each sharp retracement, however, the upward moves become smaller,
as momentum gradually fades.
---
w4 target: below 60k
w5 target: between 150k-200k (conservatively).
---
ps. i have recently shared a much more bullish idea via:
Bitcoin (BTC/USDT) Scalping Sell Signal📉 Bitcoin (BTC/USDT) Scalping Sell Signal
✅ Suggestion: I anticipate a downward move for Bitcoin, aligning with the arrow drawn in the analysis.
🎯 Scalping Opportunity: A short-term sell position can be considered to capitalize on this expected drop. 🚨
💬 For managing this signal and exploring more setups:
1️⃣ Follow my TradingView page 📊
2️⃣ Send me a private message for detailed guidance.
💎 Let’s trade wisely and seize the market’s potential! 💰
BITCOIN PREDICTION - BTC GAME PLANI’d like to share my plan for BTC with you guys.
We’ve recently broken the bullish trendline that had been supporting the price for a while and maintaining the uptrend. This break occurred with strong momentum, which I consider a bearish signal.
However, there’s still a larger bullish daily trendline just below us. I expect a strong momentum push up from that level, so the current situation isn’t a major concern for me.
Here’s my outlook:
I anticipate a run on the equal lows just below the current price. This move should provide enough energy for the price to push up and retest the recently broken trendline.
That retest is likely to confirm the continuation of the bearish trend. If we fail to break above the trendline with momentum, I expect the price to fall below the December 5th wick and then get rejected.
This phase may create a ranging environment, potentially building momentum for altcoins.
Eventually, I anticipate testing the daily HTF bullish trendline, which should provide a strong rejection and begin the journey to new all-time highs.
This is my game plan based on my experience, and I’ll be monitoring the price closely to adapt if needed.
Key Notes:
I expect early January to bring strong bullish momentum across all crypto markets. For now, we’re in a choppy zone.
If BTC breaks back above the trendline we just lost, I’d expect the price to reach $99,500 and likely face rejection there.
Breaking above $100K would strongly signal a bullish trend. I’ll then watch closely for any rejection at the marked blue line and purple zone on the chart.
This is how I’m approaching the market. Manage your risk accordingly!
What will happen to TONCOIN?hello guys
We came up with the analysis of TON currency.
This currency, which is in a downward channel, two scenarios may happen to it.
1: That it continues to fall according to the structure and buy in the specified support range.
2: Break your channel and in this case we can buy in Pullback .
what do you think ?
Bitcoin at a Crossroads: Testing Key TrendlinesBitcoin’s current price action places it at a decisive technical level, where historical and recent trendlines converge. This area holds significant implications for the future direction of the market.
🔍 Key Observations from the Chart
The Two Trendlines in Focus
Old Trendline: This line, originating from the previous bull market, acts as a critical long-term support. Its historical significance makes it a widely-watched level for market participants.
Young Trendline: This trendline represents the momentum of the latest bullish recovery. A break here could signal a potential shift in sentiment.
Liquidity Cluster Around $92,500
A clear liquidity zone lies just below the current price. Such zones often attract price action as market makers seek to clear stop-losses or gather liquidity before determining the next move.
Imbalance Zones Below
Imbalances between $85,000 and $70,500 are visible on the chart. These areas represent inefficiencies in price action that could serve as potential targets if support levels fail.
🎯 Levels to Monitor
Support Levels:
Young Trendline (~$93,800): The first line of defense for bulls.
Old Trendline (~$93,800): A breach here would signal a deeper retracement.
Liquidity and Imbalance Targets:
Liquidity Zone: $93,000-$92,000.
Imbalance Zone 1: $85,000–$81,600.
Imbalance Zone 2: $74,400–$70,600.
Resistance Levels:
If BTC bounces, watch for reactions near $98,000 and $100,000 as short-term resistance.
🤔 What Could Happen Next?
Scenario 1: Support Holds
If the trendlines hold, BTC could see a recovery toward $98,000 or higher, maintaining its bullish structure.
Scenario 2: Break Below Support
A loss of the young and old trendlines may lead to a retest of the liquidity zone at $92,500.
If this level fails, the imbalance zones below become the next logical targets.
Volatility Ahead
With price so close to these key levels, whale activity and stop-hunting wicks are likely. Traders should prepare for possible fakeouts before the true direction becomes clear.
⚡ Key Takeaway
Bitcoin’s position near these converging trendlines makes this a crucial moment. Whether the supports hold or price dips to fill lower imbalances, the upcoming moves will provide important clues about market sentiment heading into the new year.
Patience and risk management are essential in this environment. Stay neutral, observe the price reaction to these levels, and let the market reveal its hand.
BTC - All long-term Bitcoin targets!INDEX:BTCUSD All long-term Bitcoin targets are shown.
In my opinion, the most important support ahead will be the $78,000-$80,000 range, as it meets two curves at the same time.
If the $78,000 support level is broken, the probability of a long-term price correction increases. That is, the price can correct to the $50,000 or $30,000 supports.
But in the short term, the current price stop loss can be $92,900.
If it breaks, it can reach the $88,000 range, then an upward correction, and then a correction to the $78,000-$80,000 range.
If the price rises above the current level, after breaking the $106,600 price level, the upward trend will continue.
The ultimate long-term Bitcoin price target can be around $2 million.
Support me by following, boosting, and commenting.
Litecoin, Shitecoin: An OpportunityAs much as I blast Litecoin, I think there's a trading opportunity here. Some other OG cryptocurrencies have gone up 5x recently - XLM and XRP, for instance. I don't mind this, because I actually think those coins are at least a little more viable as currencies than Bitcoin.
I'm keeping this short. Just taking advantage of volatility. A 40%+ pullback with the potential of a 200% move? I'll take it. Here to have fun, not here to question things right now.
Litecoin active addresses are stable around 300k, though having steadily moved up over the last couple of years from 200K. bitinfocharts.com
Bitcoin active addresses have climbed a bit recently up to 750K, after actually declining the last couple years. bitinfocharts.com
As crappy as price behavior has been for LTC over the years, I like its growth pattern to an extent.
It's important to keep in mind that while on a very slow long term uptrend, Litecoin has broken down out of its major long term uptrend (orange) This was why I had assumed more downside was to come.
Given that LTC tends to pump last in the cycle, I'm taking a gamble on this thing flying back into the long term uptrend. There's A LOT of resistance overhead, especially at the broken uptrend, near $150-160 currently. Here's the shorter term structure, with some bullish arrows drawn.
Taking out the recent low near $85 would be a bearish sign and could send price quickly back to $66 support.
Let's see what happens. If the market has already topped, oh well. Risking a neglegable amount here. R/R seems decent to me.
This meant for speculation and entertainment only.
-Victor Cobra
WIF SELL!!!hello friends
Considering the downward trend of this currency and the failure of our pattern and pullback to it, we now expect to fall within the specified range.
Be sure to observe capital management.
Be successful and profitable.
Will Bitcoin Go Up or Down from Here?Where does Bitcoin go from here?
In my previously published idea I supported the idea for a bounce from 95k. We did closed above 95K but looks like we are not going to hold it..
According to Fibonacci (using my Dynamic Fib Retracement indicator), if we now close below the preliminary fib line around 95K, this could spell trouble for Bitcoin and result in more downwards price action.
Also according to the DFR , targets for that would be:
80.5K USD (The Orange 'Median Line') and 70-73K USD (Inside the blue Fib Golden Pocket)
Follow me for more BTC analysis!
HelenP. I Bitcoin will fall to support zone and then start riseHi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price reached the resistance level, which coincided with the resistance zone and broke it. Then price made a retest and some time traded inside the resistance zone, after which it rebounded and started to grow to the trend line. When BTC grew to the trend line, it turned around and made impulse down to the 101000 resistance level, broke it, but later it tried to grow and failed. After this, the price continued to decline and fell until below the support level, which coincided with the support zone. Later BTC rebounded up to 99250 points and then started to decline. In a short time, the price fell to 92700 points, breaking the support level and soon turned around and made impulse up to the trend line, breaking the support level one more time. After this, BTC some time traded near the trend line and later broke this line too, and rose a little higher. But a not long time ago, the price dropped to the support level, breaking the trend line one more time, and now trades close to this level. So, I expect that BTCUSDT will fall to the support zone, after which it can start to grow to the trend line. When it reaches this line, the price can break it and continue to move up next. That's why I set my goal at 98K points. If you like my analytics you may support me with your like/comment ❤️
BITCOIN - Price can make move up and then fall to support areaHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A few days ago price entered to wedge and bounced from the support line to the support level, which coincided with the support area.
Price broke $92600 level and rose to the resistance line of the wedge, but then it made a correction to the support level.
After this, price in a short time rose to the resistance line of the wedge and then made small correction and continued to grow.
Later BTC rose to the resistance line one more time and then made a downward impulse to support level, exiting from wedge,
Next, price some time traded near this level and then started to grow, so, I think that it can make move up to $99500
Then BTC can turn around and decline to $90200 support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Unpopular opinion: Bitcoin is worthless. Read why.This idea goes against what BTC whales want you to believe, but it’s my educated conclusion. Let me explain why, and it might change your perspective.
The Origins of Bitcoin
Bitcoin was the first cryptocurrency, created by Satoshi Nakamoto in 2008 as the pioneer of blockchain technology.
Big BTC holders claim it’s “digital gold” with a limited supply. Influential figures and institutions like Michael Saylor, BlackRock, and Fidelity promote this narrative, urging you to adopt their logic and buy in.
It’s true that with such big players and media support, Bitcoin’s value has grown tremendously. But does that mean their claims are valid? Let’s dive deeper.
The Problem with FOMO
Today, a coin like “Fartcoin” can pump 50% and make it into the top 100 cryptos. Why? Because convincing people to buy something often works, even if the product lacks long-term value or sustainability. This phenomenon, driven by FOMO (Fear of Missing Out), does not guarantee intrinsic worth.
Let’s Get Logical
Crypto is inherently complex and difficult for the average person to understand. Many simply follow what “smarter” people or influencers say on social media. Even major institutions like BlackRock and traditional finance (TradFi) players have only been in the Bitcoin game for a few years—they’re newcomers to the space.
Now, ask yourself: If Bitcoin is the first cryptocurrency, does that automatically make it the best?
Do we still drive the first cars ever created?
The Flawed First-Mover Advantage
BTC whales want you to believe that the first is the best and will always remain so. They ignore the concepts of improvement, innovation, and technological advancement. Essentially, they’re asking you to buy the “first car” because they own a lot of them.
In reality, Bitcoin was an experimental product that proved finance could exist without traditional banks. It was revolutionary at the time, but technology has since advanced far beyond Bitcoin. Modern blockchain projects, Layer 1 solutions, NFTs, and smart contracts are faster, more sophisticated, and more innovative.
Bitcoin is the “first car,” but it belongs in a museum. The financial system, however, is still riding it to extract as much money as possible before its limitations become widely apparent.
Bitcoin’s Lack of Utility
The internet became mainstream within five years, revolutionizing communication, entertainment, and commerce. Yet after 18 years, Bitcoin remains largely useless—propped up by those who own it and fueled by speculation rather than utility.
This focus on Bitcoin has stifled innovation, as other promising crypto projects struggle to gain attention due to the media’s obsession with BTC.
Why Bitcoin Is NOT Digital Gold
The comparison between Bitcoin and gold is misleading and fundamentally flawed:
Gold is a physical, tangible asset. It cannot be duplicated, and there are costs associated with mining, refining, and maintaining it. It has intrinsic value due to its beauty, utility, and millennia-long cultural significance.
Bitcoin, on the other hand, is a digital object. By nature, digital assets are infinitely reproducible at no cost (copy function in the computer). While Bitcoin’s cryptographic system creates artificial scarcity, its utility can be replicated and improved by countless other projects.
The Fragility of Bitcoin’s Protection
Bitcoin’s value relies on its blockchain’s cryptographic protections, which prevent duplication and ensure secure transactions. However, no digital protection has ever been immune to hacking. Over time, as technology advances, it’s possible someone could crack Bitcoin’s security, change the blockchain, or access wallets by breaking passphrases.
Do you know any protection that lasted forever? Ask Apple and their DRM, ask Microsoft with their software projections.
If that happens, Bitcoin’s value could plummet to zero. Wall Street knows this, and they are profiting while they can. When a hack or major failure occurs, they’ll exit the market, leaving retail investors to bear the losses.
Conclusion
Bitcoin is not “digital gold,” nor is it a reliable store of value. It was an incredible invention that paved the way for blockchain technology, but its time as a leader is nearing its end. Innovation and technological progress have outpaced Bitcoin, and the idea that it will remain dominant forever is a narrative pushed by those who stand to gain the most from it.
Thanks for reading.
Analysis of the BTC Chart (Dec 27, 2024)Key Observations:
Support Holding Firm:
Price bounced off the Bear Day level (~$94,700) with a strong reaction, showing that buyers are defending this zone. This could indicate that the downside momentum is fading.
Resistance Tests:
BTC tested the Bull Day zone (~$96,800) but faced rejection, indicating resistance. However, price is consolidating just below this level, signaling a possible breakout attempt.
Volume and Activity:
The recent consolidation shows reduced volatility, which often precedes a significant breakout. Volume patterns could provide additional confirmation.
Bullish Indications:
The Bullish Week support (~$97,200) remains intact and could act as the next target if BTC breaks through $96,800 convincingly.
Higher lows are forming near $95,600-$96,000, indicating a bullish structure if maintained.
Bearish Risks:
Failure to reclaim and hold above the Bull Day zone ($96,800-$97,200) could result in a retracement to test the Close Week support ($95,200) again.
A loss of this support level would negate the bullish setup and signal more downside.
Is a Large Move to the Upside Likely?
BTC is setting up for a potential upside move, but confirmation is needed:
Bullish confirmation: A breakout above $96,800-$97,200 with strong volume would likely trigger a move towards $98,400 and possibly higher.
Bearish invalidation: A breakdown below $95,200 could trigger further downside to the Bear Day zone (~$94,800).
Key Levels to Watch:
Upside targets: $96,800, $97,200, and $98,400 (Bullish Swing level).
Downside risk levels: $95,600, $95,200, and $94,800.
Conclusion: The market structure is leaning towards a bullish breakout if BTC can clear the nearby resistance zones. However, keep an eye on volume and lower supports for invalidation of the setup.
Etherium might surprise everyone. BINANCE:ETHUSD / 1D
Hello Traders, welcome back to another market breakdown.
BINANCE:ETHUSD is showing strong bullish momentum after the BINANCE:BTCUSD breakout above 69K. However, the price of ETH is still in a trading range. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the middle of the range zone for a more strategic entry.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Second resistance: All-time high around 5000.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
