Btc-e
USDCHF Technical Analysis: Anticipating a Bearish Breakout The USDCHF forex pair is currently trading at 0.91150, with a target price set at 0.89400, indicating an anticipated drop of over 200 pips. The analysis is based on the rising wedge pattern, a bearish technical pattern often signaling a potential price breakdown. This pattern forms when price consolidates within converging trendlines that slope upward, typically losing bullish momentum over time. A breakout below the lower trendline of the wedge would confirm the bearish signal. Traders expect the pair to breach key support levels, driven by this technical setup. The 200+ pip drop suggests a significant move, aligning with the breakout's potential strength. Stop-loss and risk management strategies should be in place to mitigate unexpected reversals. Fundamental factors affecting USD and CHF may also impact the trade outcome. Close monitoring of price action around the wedge pattern is crucial to confirm the breakout direction.
BITCOIN vs GOLD Cycles. Yellow metal leads, BTC lags.In our early years as a channel we used to do a lot of analyses on the similarities of Bitcoin (BTCUSD) and Gold (XAUUSD) and how Gold Cycles could help predict BTC's future prices. The latter is called the 'digital Gold' after all.
Going back to our roots, we present to you today our latest cross-cycle comparison between the two assets, which offers interesting insights. As you can see, the Cycles of those two aren't always aligned. The correlation tends to end when Gold peaks and when it bottoms.
As you can see since 2018, when Gold starts a Bull Cycle, Bitcoin tends to lag behind, still being on its Bear Cycle. Then the two converge and correlate until Gold peaks and start its Bear Cycle. That is still relatively early for Bitcoin's bullish trend, which remains on its Bull Cycle, in fact has around 1 year ahead of it. As a result, the two start to diverge again.
Based on this model, it appears that Gold's Bull Cycle has peaked and Bitcoin is entering (black circle) its last stage of its Bull Cycle, with a Parabolic Rally being prepared. Still not too late to buy the 'Digital Gold' on this Cycle.
Do you agree with this correlation? Feel free to let us know in the comments section below!
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BTC: QUICK UPDATE AND CPI EFFECT!!🚀 Hey everyone! 👋
If you’re loving this analysis, smash that 👍 and follow for more high-value trade setups that actually deliver! 💹
BTC Update:
Bitcoin is currently forming a symmetrical triangle while holding the $90k support like a champ! 🚀 It’s bounced back strongly so far and is trading within the triangle—but the next big move hinges on the CPI data.
📊 Here’s what to watch for:
Bullish Scenario: If CPI data is favorable, we could see a breakout from this triangle, potentially driving BTC to a new all-time high (ATH)! 🌕
Bearish Scenario: If CPI data disappoints, BTC could revisit the $90k support. A break below $90k might take us to $85k or even lower levels.
💡 Key takeaway: Stay cautious and wait for the CPI data to give us a clear direction.
🔥 What’s your take? Are we heading for a new ATH or dipping below $90k first? Let us know your thoughts in the comments!
Let’s navigate this market together—stay tuned for updates! 🚀
ALGOUSDT: Ready to Surge or Poised for a Pullback?A Crucial Moment for ALGO: Overbought or Breakout Opportunity?
Algorand (ALGO) finds itself at a pivotal juncture, trading at $0.3959, a solid 49% dip from its historical peak of $0.789 recorded in May 2022. The current price action is bolstered by elevated buy volumes, yet the RSI of 71.4 teeters on the edge of overbought territory. As the market contemplates its next move, key resistance looms at $0.4219, while the nearest support at $0.368 offers a potential safety net for bulls.
Intriguingly, ALGO is riding a wave of increasing momentum, bolstered by recent bullish patterns such as the "Increased Buy Volumes" observed on multiple timeframes. The question remains: can this upward drive sustain, or will profit-taking trigger a correction?
Macro factors, including liquidity conditions and the broader crypto sentiment, further intensify this suspense. For traders and investors alike, this represents a classic moment of opportunity—one where preparation meets market potential.
Stay tuned to see if ALGOUSDT can conquer its resistance and deliver the breakout traders are watching for. Are you ready to seize the moment?
ALGOUSDT Roadmap: Pattern Chronicles That Shape the Chart
Here’s a trader’s treasure map—decoded from the sequence of historical patterns to help you navigate ALGOUSDT’s price movements like a pro. Each step confirms or denies the main direction, ensuring you get a clear view of what’s driving the action.
1. January 13, 2025, 14:00 UTC - Buy Volumes Max
The bullish tone was set with this pattern as ALGO opened at $0.3311, reached a high of $0.3459, and closed at $0.3414. The low-3-bars trigger was hit at $0.323, confirming the support strength. With subsequent patterns showing increasing buy pressure, this setup validated its bullish bias.
2. January 13, 2025, 10:00 UTC - Sell Volumes Max
A bearish turn emerged here, with the price opening at $0.3376 and closing lower at $0.3319. However, the trigger at $0.3296 acted as a temporary floor. The confirmation of bearish direction was short-lived, as the price rallied soon after, rendering this pattern a minor blip in the bullish narrative.
3. January 15, 2025, 00:00 UTC - VSA Manipulation Sell Pattern
ALGO stumbled, opening at $0.3724 and dipping to close at $0.3706. With a trigger at $0.3649, it flirted with downside risk but failed to break convincingly lower. Subsequent bullish patterns invalidated this bearish setup.
4. January 15, 2025, 02:00 UTC - Buy Volumes Max
The bulls charged again as ALGO opened at $0.3828 and closed higher at $0.3905, supported by a high-3-bars trigger of $0.395. This pattern reasserted the uptrend, with subsequent moves reinforcing the buying direction.
What Worked and What Didn’t
The "Buy Volumes Max" patterns on January 13 and January 15 validated their bullish signals as price continued to rise after hitting their triggers.
The "Sell Volumes Max" and "VSA Manipulation Sell Pattern" failed to hold their bearish direction, quickly overshadowed by stronger buying momentum.
Next Stop: Where Does ALGO Head From Here?
The current roadmap suggests a dominant bullish trend, with key resistance at $0.4219 in sight. Watch for patterns aligning with the buy-side bias and prepare for potential pullbacks to strong support levels like $0.368.
This journey isn’t just about looking back—it’s about staying ahead. Are you ready to spot the next pattern and ride the wave?
Technical & Price Action Analysis: Key Levels to Watch
When it comes to trading ALGOUSDT, knowing your support and resistance levels is half the battle. These levels act like road signs, guiding you through the market’s twists and turns. Here’s your cheat sheet:
Support Levels
$0.368 – A critical buffer zone where buyers have historically stepped in to halt downward pressure.
$0.3194 – A deeper safety net, but if this breaks, expect turbulence.
$0.309 – The last line of defense; if bulls can’t hold this, expect a bearish wave to pick up steam.
Resistance Levels
$0.4219 – First wall for bulls to break. A clean move above could signal a breakout.
$0.4653 – Mid-level resistance that could force a pullback before the next leg up.
$0.5007 – Psychological barrier; breaking this would be a strong buy signal.
Powerful Support Levels
$0.2145 – Major long-term support that could act as a magnet in a sharp correction.
$0.131 – A level so low it screams oversold if tested again.
$0.1091 – Bottom-of-the-barrel support; unlikely but not impossible in a market meltdown.
Powerful Resistance Levels
$0.0911 – An outlier from the distant past, relevant only in a full-on crash scenario.
Game Plan: Flip or Fade?
If these levels fail to hold or break convincingly, expect them to flip roles—support becomes resistance, and resistance turns into hurdles for bulls to clear. This behavior is textbook price action, so don’t get caught off guard!
Stick to your strategy, set your stops, and keep an eye on how these levels play out. The market is always moving, and so should you.
Trading Strategies Using Rays: Fibonacci Precision in Action
The "Rays from the Beginning of Movement" concept brings a revolutionary perspective to analyzing market dynamics. By leveraging Fibonacci-based geometric principles, these rays construct dynamic levels that act as guides for price movement, predicting possible reversals or continuations. Let’s dive into the strategies that can help you navigate these market movements.
Concept of Rays: Core Mechanics
Fibonacci Rays: Constructed from the start of a movement, these rays align with natural proportions and provide early signals of trend shifts or continuation.
Dynamic Levels: As price interacts with the rays, we observe how the asset respects or breaches these levels, signaling potential entry points.
Adaptability: Rays recalibrate when new patterns emerge, dynamically adjusting to the evolving market structure.
Intersection with Moving Averages: Moving averages (MA50, MA100, MA200, and MA233) act as dynamic support or resistance levels, enhancing ray-based analysis.
Scenarios for Trading
Optimistic Scenario (Bullish)
If price interacts with the ascending ray near $0.368 (support) and receives bullish confirmation, this zone can be a solid entry for long positions.
Targets:
First Target: $0.4219 – Price is expected to ride the upward ray to the next significant resistance level.
Second Target: $0.4653 – If momentum continues, this becomes the next checkpoint.
Dynamic Factor: If price breaks above MA50 ($0.3579) and aligns with the bullish ray, it further validates an optimistic continuation.
Pessimistic Scenario (Bearish)
If price interacts with the descending ray at $0.4219 (resistance) and shows bearish signals, this could mark the start of a corrective phase.
Targets:
First Target: $0.368 – A return to support near the lower ray boundary.
Second Target: $0.3194 – Deeper correction if bearish momentum intensifies.
Dynamic Factor: A breach below MA233 ($0.3714) confirms bearish pressure aligning with the ray structure.
Potential Trades Based on Key Levels
Long Trade from $0.368 to $0.4219: Ideal entry near the support ray with confirmation of upward momentum. First target aligns with dynamic resistance, providing a logical take-profit zone.
Short Trade from $0.4219 to $0.368: Entry at resistance ray after bearish interaction, targeting support as the logical exit.
Long Trade from $0.3194 to $0.368: Should the price dip to this deeper support, it offers a lower-risk entry for potential reversals.
Extended Bullish Trade from $0.4219 to $0.4653: Momentum traders can ride the wave to the next resistance ray after confirming strong buy pressure.
Key Takeaway
The VSA Rays on your chart are more than just lines—they are dynamic predictors of price movement. Remember, the strategy revolves around price interaction and confirmation at these levels. The move from one ray to the next sets your primary and extended trade targets, giving you a structured plan to approach the market with confidence.
Your Turn to Dive In!
Hey traders and investors, the market’s always evolving, and the best moves come from sharp insights and smart planning. Got questions or want to discuss the levels and rays we’ve analyzed? Drop your thoughts right in the comments—I’m here to connect and collaborate.
If you found this idea helpful, don’t forget to hit Boost and save it for later. Tracking price movement against my analysis is key to mastering those critical trade zones. Seeing how the market respects or breaks these levels will sharpen your edge over time.
By the way, the rays and levels you see are drawn using my custom indicator—an exclusive tool that automatically maps out everything. If you’re interested in getting access, shoot me a private message, and we can chat about the details.
Have a specific asset you want analyzed? I’m all ears. Some analyses I can share publicly, while others might be better as private insights, depending on your strategy. Let’s tailor the approach to what works best for you.
Remember, these rays work across all assets, and the market often moves in tune with them. If there’s something specific you’d like me to map out, just Boost this idea and let me know in the comments—I’ll do my best to include it.
Finally, don’t forget to follow me here on TradingView. This is where I share my latest ideas, and staying connected means you’ll never miss out. Let’s trade smarter together! 🚀
Bitcoin Inches Closer to Breaking Point: What’s Next?Bitcoin Faces a Decisive Moment: Will It Break Through?
Bitcoin is trading at 96,829.3, marking a 10.7% drop from its all-time high of 108,421.6, achieved just 29 days ago. Market indicators paint a mixed picture: RSI14 at 60.2 signals an approach to overbought territory, while MFI remains steady at 54.8, hinting at moderate market momentum. Adding to the tension, a VSA Sell Pattern 2 has emerged, suggesting a potential short-term pullback.
The critical levels to watch are 94,568 as support and 100,606 as resistance—key points that could determine the direction of Bitcoin’s next major move. Will the bulls regain control and push Bitcoin beyond its resistance, or will the bears drive a correction toward the lower support levels? The stakes are high, and today could set the stage for weeks to come. Are you ready to navigate this pivotal moment?
Bitcoin Pattern Roadmap: Key Moves and What They Mean
Understanding Bitcoin’s recent price movements through the lens of patterns provides traders with valuable insights into the market's rhythm. Below is a detailed roadmap based on the sequential analysis of VSA and volume-based patterns. Only the patterns that correctly confirmed their trigger points and main directions are included to give you a focused view of the market’s true behavior.
January 13, 2025 – VSA Sell Pattern 2 : This sell pattern emerged with a main direction of downward pressure, starting from an open of 97,150.0 and closing at 96,655.5. The next price action confirmed the bearish sentiment as the market continued to dip, validating this signal.
January 13, 2025 – Increased Buy Volumes : Just hours later, buy volumes spiked, signaling potential recovery. The open at 91,080.9 led to a close of 91,784.8, and this bullish momentum carried through the following session, reinforcing confidence in this pattern’s accuracy.
January 13, 2025 – Sell Volumes Takeover : Although the main direction suggested bullish activity, this pattern didn’t fully validate, as subsequent candles demonstrated indecision. This indicates it might have been a false signal.
January 12, 2025 – VSA Buy Pattern 1 : This key pattern predicted upward momentum with an open at 93,862.8 and a close at 93,973.9. Its main direction played out as expected, with prices climbing steadily in subsequent bars, cementing its effectiveness.
January 11, 2025 – VSA Buy Pattern 3 : Marking another bullish signal, this pattern triggered upward movement from 94,024.2 to 94,323.5. The continuation of this trend confirmed it as a reliable forecast for the short term.
What Does This Mean for Traders?
Each pattern, when validated by subsequent price action, adds to the roadmap of Bitcoin’s trajectory. The market’s consistent respect for key support and resistance levels underscores the reliability of technical patterns. Use this roadmap to position yourself strategically, keeping an eye on similar setups to anticipate the next big move. Are you ready to align with the market’s flow?
Technical & Price Action Analysis: Key Support and Resistance Levels
When it comes to Bitcoin, traders know the game revolves around critical support and resistance zones. These levels act as battle lines between bulls and bears, determining the market’s next big move. Let’s break them down:
Support Levels:
94,568 – A short-term safety net; losing this could bring the price closer to bearish territory.
Resistance Levels:
100,606 – The immediate hurdle for bulls; cracking this will likely spark another rally.
106,064.7 – A critical zone, closely tied to Bitcoin’s previous highs.
Powerful Support Levels:
76,701.7 – A major fallback point for long-term bulls; losing this would signal deeper corrections.
67,838.7 – A heavy-duty level that has historically held strong.
60,295.6 – The last line of defense before bears fully take over.
Powerful Resistance Levels:
47,122.4 – A significant cap that has consistently rejected upward momentum in prior moves.
28,696.9 – The line in the sand for lower-range movements.
What Happens If Levels Break?
In trading, it’s all about respecting the levels. If these supports don’t hold, you can bet they’ll flip to resistance zones, making it harder for bulls to reclaim lost ground. Conversely, breaking through resistance means these levels often become strong floors, giving momentum traders something solid to lean on. Always keep an eye on these key points—they’re your roadmap to understanding where the action will heat up next.
Concept of Rays: Precision Trading with Dynamic Levels
The "Rays from the Beginning of Movement" concept revolutionizes technical analysis by leveraging Fibonacci-based rays that dynamically adapt to market conditions. Unlike traditional methods, these rays are drawn from the origin of a movement pattern, allowing traders to anticipate price reactions with unmatched precision. Let’s dive into how this works and explore two trading scenarios for Bitcoin using data from the latest analysis.
Core Concept: Trading with Rays
Price interactions with rays signal high-probability zones for either reversals or continuations. These interactions, combined with moving averages and VSA patterns, create a powerful framework for identifying entry and exit points. The first movement usually extends from one ray to the next, offering defined profit targets at each level.
Two Scenarios for Trading Rays
Optimistic Scenario: Bitcoin breaks through resistance at 100,606 (MA50 intersection) after interacting with an ascending ray. This move could target the next ray and establish:
First target: 106,064.7 (Resistance Level).
Second target: A retest of the 108,421.6 all-time high.
If momentum sustains, price may form a new trend, requiring recalibration of rays to extend future targets.
Pessimistic Scenario: Bitcoin fails to hold support at 94,568 and interacts with a descending ray, initiating a deeper correction. Likely targets:
First target: 76,701.7 (Powerful Support Level).
Second target: 67,838.7, marking a significant bearish continuation zone.
In this case, descending rays will guide the market lower, adjusting with each corrective phase.
Trade Opportunities Based on Rays
Long Trade : Enter at 94,568 support after confirming interaction with an ascending ray and bullish VSA pattern. First target: 100,606; Second target: 106,064.7.
Short Trade : Enter below 94,568 after interaction with a descending ray and bearish VSA confirmation. First target: 76,701.7; Second target: 67,838.7.
Breakout Long : Position after a confirmed breakout above 100,606, targeting 106,064.7 as the next ray intersection.
Reversal Short : Look for rejection at 106,064.7 and enter a short trade, targeting a return to 100,606.
Key Insights for Traders
The power of rays lies in their adaptability. Whether in bullish or bearish conditions, rays dynamically update to reflect new patterns. Traders can confidently position themselves after price interaction with these rays, knowing that the movement will likely extend to the next ray. Each target is clearly defined, providing a structured path for managing risk and reward.
Combine these strategies with the VSA patterns visible on your charts to sharpen your execution and stay ahead of the market. Are you ready to trade with precision?
What’s Next? Let’s Talk and Trade Together
If you’ve got questions or want to dive deeper into this analysis, drop them in the comments below—I’m always happy to discuss and share insights. Don’t forget to give this post a Boost and save it to revisit later. Watching how the price respects the rays and levels is one of the best ways to truly understand trading and refine your strategy.
My proprietary indicator draws all the rays and levels automatically, but it’s available only privately. If you’re interested in using it, just send me a message—I’ll walk you through how it works. And yes, the same approach applies to any asset, not just Bitcoin. If there’s a particular market you’d like analyzed, let me know! Some analyses I can share openly, while others can be done privately, tailored to your needs.
Finally, if you’re curious about how price moves along these rays or want me to chart a specific asset for you, make sure to Boost this idea and share your request in the comments. I’ll do my best to cover as many as possible.
Follow me here on TradingView to stay updated—this is where I share my ideas and insights regularly. Let’s trade smarter, together!
SPY Mid week analysis 1/14/25SPY - Monthly reversal is now being negated as we moved back above the monthly 2-2d trigger at Prev Month Low. We are also now failed 2D coming back through previous week range. The daily went 2-2 rev, but closed failed 2u as we made higher highs, but closed red near mid range of the day. The question for tomorrow is do we continue pushing back through last weeks range to expand the BF created by the 3 from last week, or do we take the failed 2u - 2D reversal, reconfirm the Monthly reversal down as well as the weekly 3-2D. We have a 3-1 setup on the 4HR as well as an inside bar 60 which is what I will be watching going into open tomorrow assuming no gap up or down. Should be an exciting rest of the week as we look to see if bears can reclaim control on the W and M, or if Bulls are setting up for a recovery back to ATH.
Levels to watch: Current 60 inside bar High and Low, Current 4HR bar high and low, Prev month low, 585.96 for upside which is the 2-2U rev target we did not get to today, but may compound 2Us tomorrow to get to if the bull scenario is playing out.
BTC Daily Bullish Pennant FormationThis is the daily chart for BTC/USD. BTC appears to be trading inside a triangle after a large bullish impulse. Price is currently trying to regain the 50 simple moving average (yellow line). If BTC breaks the 50 day simple moving average, I expect the price to break out of the pennant forming and test higher highs. RSI is nuetral at 52 at time time of publishing. Price action has maintained candle closes on the daily above 92k.
Target for the next leg up is the 1.618 extension from the most recent High to swing low. This would put the PA around 120k.
NFA, do your own DD.
Thanks for viewing the idea.
BTCUSD: This is a consolidation and we've seen it before.Bitcoin is neutral on its 1D technical outlook (RSI = 51.151, MACD = -617.400, ADX = 24.376) as it hasn't escaped the right range it's been trading in since late December. The 1W MACD has converged but hasn't made the Cross yet and as long as it doesn't, based on the time cycles, this is most likely a short consolidation that has happened almost exactly during the same time both in January 2024 and 2023. When the 1W MACD made the Bearish Cross, we had the long consolidation phases. By next week we should see this consolidation break to the upside. Our target is the same with the early 2024 breakout, a +195% rise from the bottom (TP = 150,000).
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BTC | FRACTAL | Fractal that leads to new ETH ATHBitcoin has been trading stable around 95K, a good indication that the bull run still has some more cards to play for altcoins.
Ethereum, Doge and SOL for example have not yet made new all time high's, indicating that the bullish cycle is far from over.
There's a saying that leads something like "it's not over until someone sings" - well, in this case, the bullish cycle is not over until Ethereum makes a new ATH.
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BINANCE:BTCUSDT
BTC continuation range
The current price of Bitcoin is $96,669, which is in the middle of the large range of sideways consolidation, and the range of fluctuations is $92,500 - $99,500. After multiple attempts to break through the upper resistance, the price fell back to the range, showing a temporary balance of long and short forces.
From the high of $108,318 to the low of $92,458, it can be seen that the key pullback resistance levels are concentrated around $98,516 and $100,388. The current price is hovering around $96,200, which provides strong support for the price in the short term. If this support can be maintained, the price may have the momentum to further test the upper resistance.
The bottom area of the double bottom pattern in 4H is around $92,500, and the neckline of the double bottom structure is at $97,735. The price of Bitcoin has failed to effectively break through the neckline after multiple tests, but the price has recently returned to this level. If the price can continue to stabilize above this level, it will strengthen the bullish signal of the double bottom pattern, and the target price may be $99,500 or even higher.
Range trading and possible breakthrough
Bitcoin is currently suppressed by two important resistance levels:
1. $98,700: previous high point.
2. $99,500: strong resistance at the upper edge of the range.
If the price breaks through $99,500, it will open up further upside space, and the target may be $100,388. The support below is concentrated in the $96,201 and $95,500 areas, and the loss will bring downward pressure.
Future Outlook and Strategy
In the current volatile pattern, short-term traders can focus on $97,735 as an important long-short watershed. If the price stabilizes, a bullish strategy can be adopted, with the target pointing to the $98,500 - $99,500 range. If the price falls back, we need to pay attention to the support strength of $95,500. If it falls below this level, we need to be alert to the risk of further decline to $92,500.
This analysis combines Fibonacci levels, range fluctuations and patterns, and is suitable for long-short strategy adjustments and medium- and short-term layouts.
Is the Distribution Phase Coming to an End?Hey there, traders! 🖐🏼
Let’s talk about distribution—a critical phase in the market cycle that often signals a potential reversal from an uptrend to a downtrend. If You’ve been following Bitcoin’s price action since late 2024, You’ve probably noticed some classic signs of distribution. Let’s dive into what’s happening and how it might shape the market’s next big move!
What is Distribution?
Distribution is a phase where large players (whales, institutions) gradually offload their holdings to retail traders at higher prices. It typically occurs after a strong uptrend, as the market begins to lose upward momentum.
Here’s how distribution looks on the chart:
Sideways Movement: The price trades in a range after a strong rally.
Lower Highs: Each attempt to break higher fails, forming a descending resistance line.
Deccreasing Volume: Buyers lose steam, and trading activity starts to decline.
False Breakouts: The price temporarily breaks above resistance but quickly reverses, trapping late buyers.
Each upward move has been accompanied by lower volumes, suggesting a lack of buyer conviction.
What Comes Next?
If Bitcoin breaks below $90K with strong volume, we could see a sharp move lower, potentially targeting the $84K–$86K range. This would confirm the start of the markdown phase, where prices decline as sellers dominate the market.
Bitcoin is at a pivotal moment. Whether the price breaks down into a markdown phase or rebounds into a new uptrend depends on how it behaves around these key levels.
As always, patience is key! Remember to manage Your risk and trade responsibly!
What do You think? Are we nearing the end of the distribution phase, or is Bitcoin gearing up for a bounce? Let me know in the comments!
Happy trading!
Your Kateryna💋
BTCUSDT Technical Analysis : Uptrend ConfirmedBTCUSDT is in an uptrend at the moment, with important support and resistance levels defined. Indicator readings point to a bullish momentum
BTCUSDT1H
🔸 Key Support Levels : 95286.00 / 94539.00
🔸 Key Resistance Levels : 96993.00 / 98221.00
🔸RSI : Buyer
🔸MACD : Buyer
🔸Ulianov trends: The Ulianov Trends indicator also confirms a buyer bias, which reinforces the bullish outlook.
#BTC. BEST OVERVIEW, EVERYONE TAKES AN EXAMPLE! FROM 14.01.2025BINANCE:BTCUSDT
#BTC 6H
Hey lovelies! 🌸
This morning, the market saw over $450 million in liquidations. While most of these positions have already been closed, new positions worth over $1 billion have appeared, indicating high activity and continued risks.
Market Overview
As we can see on the chart, the $92,000 support level has been broken, which could signal further downward movement. While I can’t say for sure what will happen, it’s clear that we’ve hit the first buy zone from my previous analyses, with #BTC touching $89,000 in the moment.
Investors are now predicting that the Fed will NOT cut interest rates in 2025 (based on market expectations). Additionally, major stock indices have been declining for two consecutive weeks as recent U.S. macro data exceeded expectations, signaling a hawkish monetary policy from the Fed.
Concerns about a potential resurgence in inflation are also growing.
Key Levels to Watch
- The $88,700 low has not been broken yet. If it is, we could see further declines. This level is now a key marker for future decisions.
- On the upside, the important volume resistance level is at $94,233.
While I believe the market could see a short-term bounce, there is still a larger probability of further price declines in the broader picture.
Entry Points
If you’re looking for specific entry points, consider the $91,000 - $85,000 range for opening a futures position or accumulating on spot.
Let’s see how this plays out, my loves! 💖
As always, DYOR (Do Your Own Research) and trade wisely! 💖
Hugs
Your crypto girl
Bitcoin Analysis==>>Descending Scallop Pattern!!!As I expected in the previous post , Bitcoin( BINANCE:BTCUSDT ) again attacked the Heavy Support zone($93,400-$90,000) .
Bitcoin is trying to break the Heavy Support zone($93,400-$90,000) . What do you think? Can Bitcoin finally break the Heavy Support zone($93,400-$90,000) or not!?
According to the theory of Elliott waves , Bitcoin seems to be in the next five downward waves after completing the corrective pattern , and these five waves can break the Heavy Support zone($93,400-$90,000) .
From the point of view of Classic Technical Analysis , it seems that Bitcoin is forming a Descending Scallop Pattern to break the Heavy Support zone($93,400-$90,000) , which can cause the break of this heavy zone .
Looking at the chart of USTD.D% ( CRYPTOCAP:USDT.D ), we can see the Inverse Head and Shoulders Pattern that can cause USTD.D% to increase , which in turn causes Bitcoin and other tokens to decrease .
I expect Bitcoin to soon break the Heavy Support zone($93,400-$90,000) given the above description, and Bitcoin will fall to the Targets I have specified on my chart.
My medium-term view of Bitcoin on the chart I shared with you on January 7, 2025. 👇
⚠️Note: If Bitcoin goes above $94,500, we can expect more Pumps.⚠️.
⚠️Note: There is a possibility that Bitcoin will drop sharply and make a long shadow.⚠️.
🙏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).
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HelenP. I Bitcoin can make small move up and then drop to $90KHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price declined to the resistance 1, which coincided with the support zone, and then at once rebounded and started to grow. BTC in a short time rose to a 2nd resistance level, which coincided with the resistance zone, and then made at once small correction. After this movement, BTC turned around, quickly broke the 97300 level, and even rose slightly higher than the resistance zone. Price so long trades near this area and later made impulse up to trend line. When it reached this line, BTC turned around and started to decline inside the pennant pattern. In this pattern, Bitcoin soon broke the 97300 resistance level, made a retest, and continued to decline to resistance 1. After the price reached the 93200 level, it broke it and fell to low points of the pennant (91185) after which it turned around and quickly rebounded up, breaking the 1st resistance level one more time. Next, the price some time traded near this level and then reached the trend line, after which it dropped back. Recently, the price broke the 93200 level one more time, thereby exiting from the pennant and now I expect that BTCUSDT will make a small movement up and then continue to decline. For this case, I set my goal at 90000 points. If you like my analytics you may support me with your like/comment ❤️
BITCOIN - LIGHTS OUT ! - The road to $14,000. Bitcoin was just dealt the most bearish chart pattern there is in my book : The upside flash. Huge move higher that has HFT written all over it, followed by a huge move downward, all in the span of a few hours. The FLASH. I have severely down graded BTC. We still bounce at $25,000 area, but we'll give it all back on the grinding road to $14,000. There are a few rescue moments that can occur in between, and I will map those out as I go. Sorry guys, better to know now that later right?
BTC Breaks Highs: Bullish Trend Shift Possible ContinuationBTC has broken the previous high, signaling a shift in the trend. This marks a bullish change of character, and I'm watching for a retrace on the lower timeframe with a potential continuation to the upside. Keep an eye on a Fibonacci pullback to the 50-61.8% level on the previous four-hour swing for a possible bullish entry. This is not financial advice.