Bitcoin may drop to support line before reboundingHello traders, I want share with you my opinion about Bitcoin. We can observe how the price entered a range when analyzing the chart. It initially dropped to the support level, aligning with the buyer zone at the lower boundary of the range. After spending some time trading near this level, the price dipped further into the buyer zone but quickly rebounded, rising to the upper boundary of the range. Following this, the price reversed and fell back into the buyer zone, where it consolidated for a while before climbing back into the range. Shortly afterward, Bitcoin rallied to the resistance level, corresponding to the seller zone, breaking out of the range and eventually surpassing the 104600 level to reach a new all-time high (109000 points). However, BTC then began to decline within a downward channel, where it broke below the 104600 level again and dropped to the channel’s support line. Although the price attempted to recover, it failed and rebounded from the seller zone back to the buyer zone. Subsequently, the price moved back into the channel, creating a false breakout, and continued its downward movement within the channel. Given the current structure, I anticipate that BTC might drop to the channel's support line before initiating a new upward movement. Based on this outlook, I’ve set my target price (TP) at 101300 points. Please share this idea with your friends and click Boost 🚀
BTC-M
HelenP. I Bitcoin will exit from triangle and reach $101K pointsHi folks today I'm prepared for you Bitcoin analytics. Looking at this chart, we can see that the price reached a resistance level aligned with the resistance zone and broke through it. Afterward, BTC continued its upward movement but eventually corrected, dropping below the 102600 level. However, it quickly reversed direction and made a strong upward impulse, breaking through the 102600 level once again. The price hovered around the 102600 level for some time before breaking below it and continuing to fall. Following this move, BTC reversed direction and, in a short period, rallied to the trend line, breaking the 102600 level yet again. After that, the price began to decline within a triangle pattern and soon dropped through the 102600 level, reaching the support zone, which coincided with a key support level. From there, BTC made a sharp upward move to the resistance level but immediately corrected again. Bitcoin fell to the support level and then rebounded upward. At the moment, it’s trading near the trend line. I expect that BTCUSDT will make a minor correction before rebounding to 101K, breaking through the trend line, and exiting the triangle formation. If you like my analytics you may support me with your like/comment ❤️
"Gold Bullish Continuation XAUUSD is expected to reach 3000 soonThis chart shows a strong bullish momentum in gold (XAUUSD) on the 1-hour time frame, with a clear breakout above a recent high. The price action is following a rounded trend, indicating a continuation of the bull run. A key support zone (spot area) has been tested, and the price is pushing higher.
The 1st target is around 2,935, the 2nd target at 2,970, and the final target at 3,000. If gold holds above the spot area and continues respecting the trendline, it could move towards these targets. However, a breakdown below the spot area might lead to a pullback before further upside.
Bitcoin (BTC/USDT) Analysis – Divergence and Bearish Setuphello guys!
Divergence Between Price and RSI:
The chart shows a clear bearish divergence between price action and the Relative Strength Index (RSI).
Price made higher highs, while the RSI formed lower highs, signaling weakening bullish momentum and the potential for a reversal.
Price Action Analysis:
The price reached the QML2 zone (~$103,000), and there is a clear rejection, suggesting selling pressure.
The price is now heading toward QML1, located at around $95,600.
If the price breaks QML1 and holds below, the next support target is around $93,455, where further downside could be expected.
Support and Target Zones:
Support Area 1: QML1 (~$95,600) – key level to monitor for possible breakdown.
Support Area 2: QML2 (~$93,455) – potential next stop if QML1 breaks.
Resistance Zone: Around $103,000 – the price has been rejected from here, acting as a strong resistance level.
RSI Analysis:
The RSI is showing signs of bearish divergence, which often precedes a price correction or reversal.
RSI Below 50: If the RSI drops below the 50 mark, it could indicate increasing bearish momentum.
Trade Setup:
Bearish Setup:
Entry: Short position below $95,600 (if price breaks QML1 and retests it as resistance).
Take Profit: First target at $93,455, then possibly lower towards $91,000.
Conclusion:
Bearish Bias: The combination of price rejection at the upper resistance level and RSI divergence points to a potential price decline.
Key Levels to Watch: The immediate breakdown below $95,600 and subsequent test of $93,455 will be critical for further downside.
Gold XAUUSD Possible Move 06.02.2025Market Analysis:
Previous Price Action:
The price was consolidating in a range (blue zone) before a breakout.
A strong bullish move followed, but then price retraced sharply.
Support & Resistance Levels:
Key Support Zones: 2,910 – 2,902 and 2,898 – 2,890
Key Resistance Zones: 2,928 and 2,942
Price Behavior:
The price is currently testing 2,910, a critical zone.
If this support holds, we expect a bullish reversal.
If it breaks, the next support at 2,898 will be the next key level for buying.
📈 Trading Signal & Entry Plan:
✅ Setup 1: Buy from 2,910
Entry: 2,910
Stop Loss (SL): 2,902 (below recent support)
Take Profit 1 (TP1): 2,928
Take Profit 2 (TP2): 2,942
Risk-Reward Ratio: 1:2+
👉 If SL (2,902) is hit, move to the second setup.
✅ Setup 2: Buy from 2,898 (if price breaks below 2,910)
Entry: 2,898
Stop Loss (SL): 2,890
Take Profit 1 (TP1): 2,928
Take Profit 2 (TP2): 2,942
Risk-Reward Ratio: 1:3 (higher probability trade)
📌 Conclusion & Trading Plan
✔ First buy at 2,910 – If it holds, price should move up to 2,928-2,942.
✔ If SL (2,902) hits, buy at 2,898 with a tighter stop.
✔ Both setups have a good risk-reward ratio, following a bullish bias.
Do not forget to like, comment and follow.
BTC.D Update = What happened to the ALT SEASON?I had this possibility on the back of my mind but didn't think it'd play out since things are much different this time
I obviously missed the last downward movement (even though I had it marked on USDT.D + some alts)
PS. Trust me, BS news you see is just an excuse. It's almost always in the chart (in this case, tariffs) = This is how I was able to predict 5th August bottom (in that case, it was the Japanese Yen news but in reality, it's all in the chart but I missed it this time and I'll accept it, I was too busy so never looked at it.. the reason I stopped posting after November)
It would be wonderful if you guys interact and keep things on your panel too!
USDT.D (how to find local reversals? no alt season this cycle?) sorry I forgot to post it here a week ago after the crash
I had that shit marked (small green box for a powerful reversal), which hit in the first week of December, but I forgot to check it out—lol, was too busy with other things = can anyone at least remind me or everyone's a lazy ass like me, these days?
Anyway, it was a perfect local top indication (USDT.D along with other macro charts are the best possible indicators for local top/bottom. One must capture these beautiful reversals where you have at least 80% of confidence, to accumulate more and more of your favorite tokens)
Trust me, BS news you see is just an excuse. It's almost always in the chart (in this case, tariffs) = This is how I was able to predict 5th August bottom (in that case, it was the Japanese Yen news but in reality, it's all in the chart but I missed it this time and I'll accept it, I was to busy so never looked at it.. the reason I stopped posting after November)
Good thing we still haven't reclaimed the macro trendline.
and look what happens after such long wicks into resistances ... (5th August one, 22nd Jan, and last year's)
and CT getting bearish? I get it that normie retails are fearful but good big CTs ???
This cycle really is different...
LOWER it now !!! (obviously there are many other confluences I've found but I'm too lazy to mention all that here)
PS. Yes, there will be an alt season and it will catch many off guard since most have lost hope and capitulated already.
It would be wonderful if you guys interact and keep things on your panel too, so we don't miss any market movements!!! I don't Trade full time, it's just 1/4 of my gigs
Bitcoin Wyckoff Distribution 2025Some very concerning facts which I would like to share with you.
This looks like a perfect Wyckoff Distribution to me and I will also post another chart image below with other things to notice!
I can not post the wyckoff image here but go to this link and look for the SChematic #1 and compare for yourself! www.wyckoffanalytics.com
here the other chart:
BTC/USDT Chart Analysis.
Bitcoin recently tested the previous trendline resistance (now acting as support) and bounced back.
The price briefly dropped into the green demand zone (support zone around $92,000-$95,000) but quickly recovered.
100-day MA (purple line): Provided strong support.
Holding this level is a bullish signal indicating buyers are coming forward.
BTC is now trading slightly above $97,000 and must stay above the trendline for a confirmed bullish reversal.
A close above $100,000 would strengthen the case for upward continuation.
Support: $92,000 – $95,000 (green zone).
Resistance: $100,000 then $104,000 – $108,000 range.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
BTC (Y25.P1.E1).A few setupsHi Traders,
Returned from a 6 week break and now my thoughts on BTC.
Some time back I stated I would not be surprised if BTC ranges for some time before making new highs.
I still feel that we are in this channel with a corrective pattern of some sort.
The vwap and some levels of significance with fibs tends to make me believe we will sill hit the lows with a potential rejection here (no trade entry). But the wedge structure could make it hit its target at teh 618 fib for a short entry (like a fake out) and then drop.
The blue and red a vwaps from different pivot points.
We look for the response with our 2 methods. SFP or FA.
We go into detail at the time, for a trade entry. At times we miss out because we are not online.
All the best,
S.SAri
.
Bitcoin Yet To Recover Amidst February DipBitcoin ( CRYPTOCAP:BTC ) has yet to fully recover from its early February drop. The leading cryptocurrency remains colloquial, trading between $92,000 support and $102,200 resistance. This price variations posits a key contrast between digital and physical gold—while an ounce of gold trades at a relatively modest $3,000, Bitcoin fluctuates within a $10,000 price disparity.
BTC’s future direction remains uncertain. If buyers gain strength and push the price above $100,000, Bitcoin could test new highs in the $102,200–$105,500 range, potentially extending its upward trend.
However, a deeper correction could trigger a retest of the $93,000 support level, which would likely lead to a new local low within the $89,200–$92,000 range.
Presently Up 1.02% with a moderate RSI of 44.90 a moderation largely attributed to Michael Saylor's 7,633 purchase of Bitcoin worth $742 million today.
While the fear and greed index still remains at 35 this hints at a potential pull back might be inevitable.
BTCUSD: Falling Wedge close to breaking to $105.5kBitcoin is marginally bearish on its 1D technical outlook (RSI = 44.917, MACD = -782.200, ADX = 41.331) but neutral on both 1H and 4H, as it is close to conclude a Falling Wedge. Today the price held the 1H MA50 for the first time after a test of the pattern's top, which increases the chances of a bullish break out. Buy only if the break out happens and target the 2.0 Fibonacci extension (TP = 105,500), which happens to be just under the R1 level.
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Peaq - 10/02/2025Welcome,
I think this is one of the best opportunities for a Crypto project with so much potential.
I have been keeping an eye on this project for a long time, and around 0.20c is really the best time to buy this coin.
Some tokens will be released on the 12th, but I think it is already oversold.
No financial advice.
Kind regards, Jids
Bitcoin is mimicking gold: Fractals are bullish!Bitcoin is following gold in its pattern formation. Fractal analysis of gold and Bitcoin reveals similarities in both charts. While gold is slightly ahead of Bitcoin, the same pattern is emerging on Bitcoin’s chart. If Bitcoin follows gold’s performance, it is likely to break out of this widening wedge pattern and reach new all-time highs, aligning with my previous analysis.
Bitcoin is hunting for liquidity, What's next?📊 After attempting to break $100K, Bitcoin faced another rejection.
What’s happening now?
The SMA shows that Bitcoin is still in a short-term downtrend, struggling to gain momentum.
Right now, it’s hovering around $96,400 – $96,500, trying to stabilize.
The key support to watch is $94,400 – $94,600—if it holds, we could see a bounce. If not, things might get shaky.
On the upside, Bitcoin needs to break $100K first before making a real move toward $103K and beyond.
For now, all eyes are on the $94K support.
Will BINANCE:BTCUSDT hold or dip lower? What do you think?
"Gold (XAU/USD) Breakout and Retest: Bullish Continuation or RevThe chart shows a strong bullish momentum in gold (XAU/USD) with a rounded retest pattern. Price recently broke a key resistance and is now testing it as support. There is an indication of a potential sell from the current high, but a successful retest of the breakout zone could confirm further bullish continuation. The buy target is set around 2,931, while the sell target is near 2,882. If the price holds above the breakout zone, buying pressure is expected to continue. OANDA:XAUUSD
BITCOIN This is what happened on the last 1D MA100 double test.Bitcoin (BTCUSD) hit yesterday its 1D MA100 (green trend-line) for the second time in 6 days and is reacting on a bullish note early today following basically 4 straight flat 1D candles.
We mentioned the importance of the 1D MA100 as a Bull Cycle demand level on previous analyses. What we didn't discuss though is how BTC behaved the last time we had a 1D MA100 double test on such short time-frame.
As you can see, the last time Bitcoin had a 1D MA100 Double Test within a 1-week time-frame was on October 10 2024 and the one before that on May 08 2024. The common characteristics of both those fractals was that the 1D RSI held the 43.00 level (just like it's doing today) and the price rebounded to hit the respective Resistance Zone from the previous High. Channel Up patterns emerged on both occasions, the difference is that in May 2024 BTC got rejected on the Resistance Zone, while on October 2024 it broke to the upside aggressively following the U.S. elections.
As a result, we can target at least $108k on the short-term. Since long-term Accumulation Phases like March - October 2024 only take place two times at most during each Cycle (and we've already had this twice already), we give more probabilities to an extended rally like November - December to a new All Time High. Long-term traders may seek to sell these positions when the 1D RSI approaches the 85.00 profit taking level (overbought).
But what do you think? Is BTC starting a rally to at least $108000? Feel free to let us know in the comments section below!
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BTC 30 min downtrend 8 Feb 2025I want to see BTC sweep the higher golden pocket and then come down to test the value area low and maybe a wick to the lower Vwap my white lines i'm hoping for candle bodies only - Looking for volume in those areas ! if nothing then no trade !
Weekend volume can be low but lets see what happens!
Started a paper trade account 100K on 2 Feb
Currently @ $507K my goal is $1m