Bitcoin teases a record high (but I'm not 'buying' it)While my bias for bitcoin futures to reach 125k remain in play, I'm a tad suspicious of its attempt to take out the previous record high with any conviction this week. I take a closer look at trading volumes and futures market positioning to explain why.
Matt Simpson, Market Analyst at City Index and TradingView
BTC
BTC IS GOING TO ALL TIME HIGH LADIES AND GENTLEMEN ! BTC ended up in a complex WXY correction. Initially what may have seemed like a FLAT ended up being WXY. No matter how much the MM plays with the market and no matter what news hits the screen, algos always run their course guys.
We are in the early formation of wave 3, which will make history. True we may retrace a bit more to tap the lower levels but this will sling shot BTC to the ATH ! Remember the deeper the retracement of wave 2, the higher will be wave 3, a slingshot - - get it ;). Mega hidden bullish divergence on the weekly also playing out well.
Invalidation of this idea is at the low of Wave Y. WorD of advice guys, avoid over leverage and practice risk management fells. DCA is the name of the game. When Bitcoin hits ATH, all ALTS will pop like fireworks hence DCA and Spot Buy is the name of the game, especially for all the young bucks and inspiring traders out there.
Disclaimer: Not financial advice.
BTC/USDT Analysis: Bitcoin Riding the Waves of Optimism As we dive into this BTC/USDT chart, it’s clear that Bitcoin is not just a cryptocurrency—it’s an art form. The chart showcases a detailed Elliott Wave analysis, complete with corrective W-X-Y patterns and impulsive waves screaming, “I’m going places!” Let’s break it down step by step.
The Elliott Wave Breakdown
Bitcoin has been playing out its Elliott Wave structure with the precision of a virtuoso pianist. Here’s what we’re looking at:
1. Wave (1) to Wave (5): A Symphony of Higher Highs.
2. Wave (1) was the opening act, starting the bullish rally.
3. Wave (2) provided a dramatic correction, retracing as deep as a poet’s feelings on a rainy
day.
4. Wave (3) emerged as the headliner, the longest and strongest wave, with Bitcoin shouting,
“Catch me if you can!”
5. Wave (4), our consolidation buddy, is taking a breather, making sure BTC doesn’t exhaust
itself before the final sprint.
6. Wave (5) looks ready to take the stage and hit the projected target of $128,647.56. The bulls
seem to be prepping their rockets for this one.
2. The W-X-Y Correction
Before the current rally, BTC went through a complex W-X-Y correction. Think of it as Bitcoin saying, “Let me stretch a bit before the next marathon.” This correction has set the stage for the bullish impulses we’re seeing now.
Indicators: The Whispering Bulls
1. Williams %R and Stoch RSI: Hidden Bullish Divergences
Both indicators are practically screaming “hidden bullish divergences” like fans at a rock concert. These signals suggest that the bulls are working behind the scenes, setting the stage for the next big move.
2. RSI: Staying Strong
The RSI remains comfortably above 50, signaling that the bullish momentum is intact. It’s like Bitcoin is cruising down the highway, windows down, music blasting, and no signs of slowing.
The Price Target: To $128,000 and Beyond!
Bitcoin has been known to defy expectations. While $128K might feel like aiming for the moon, let’s not forget—this is Bitcoin, and the moon is just the first stop.
Key Levels to Watch
1. Support Zones
The $80,000 level is a key psychological support. If Bitcoin revisits this area, it could serve as a launchpad for the next leg up.
2. Resistance Levels
The $100,000 mark will likely be a battle zone. Expect bears to put up a fight here, but with the momentum we’re seeing, the bulls might just plow through.
In Conclusion: Strap In, Bulls
Bitcoin is looking bullish on all fronts. The Elliott Wave structure, hidden bullish divergences, and strong RSI readings all point to higher prices in the near future. However, as always, remember that markets love surprises, and it’s always good to keep your risk in check.
For now, though, it looks like Bitcoin is preparing for a grand finale. Let’s hope the bulls keep the momentum going because $128,647 is calling, and Bitcoin seems eager to answer. 🚀
Disclaimer: NOT FINANCIAL ADVISE!
Hitting The BTC All Time High Trend Line Now.................... Bitcoin is trying to break through its all-time high trend line. Will it do so, or will it be rejected and throw us into the Alt season? So far many grafts are pointing to this as at least the first peak pushing BTC back down. Others are saying the Trump Family Coins $Trump is sucking up all the money. Well, see what happens, but it seems like the time to start moving investments over to the Alts so you're not left behind buying the top. I assumed BTC would top out at $160K this season but signs are pointing to possibly lower. AS BTC gets stronger and bigger we will get less of an explosion in price increase. Trading off for more stability in price over time to form a stable value.
KOG CRYPTO - BTCQuick look at BTC as it seems to be top of the headlines at the moment. We had the level of 103k on this which is now completed.
We now have support at the 104.3 region and obviously bullish above. I would however like to see that higher level and Red box may be give us a RIP if targeted!
It will be interesting to see how this plays.
As always, trade safe.
KOG
Are you waiting for Altcoins to pump?BTC Dominance (BTC.D) hasn't dropped yet, and many of you might be losing patience. But as I see it, we won't see the bull run we're hoping for unless BTC.D falls below 57%. The big question is: how long can it hold at this level?
My advice: wait until it drops closer to 49%. Keep an eye on whether it breaks through this resistance. If it doesn't, expect BTC.D to find support at this level and continue its dominance.
I’ll share one more chart that’s crucial for the upcoming bull run, so make sure to follow me for the updates!
GOLD (XAUUSD) Extraordinary SELL ComingGold (XAU/USD) Trading Signal and Analysis
Current Price: 2,743 USD
Sentiment: Bullish momentum continues despite potential volatility linked to macroeconomic factors, including Trump's return and increased demand for safe-haven assets by financial institutions.
Technical Outlook:
The price is currently testing a high zone between 2,743 and 2,751, approaching the upper boundary of its recent bullish range.
A retracement is anticipated, targeting at least 30% of Fibonacci retracement, aligning with a move toward the lower band of the Bollinger Band.
Signal:
Sell Zone: Enter short positions between 2,743 and 2,751.
Target: Aim for a price level near 2,670 on higher timeframes.
Stop-Loss: Set a stop-loss according to your portfolio risk tolerance. Position it slightly above 2,760 to account for potential breakouts.
Analysis and Strategy:
Macro Factors: Bullish pressure is driven by demand for gold as a safe-haven asset. However, retracement is expected due to market corrections and profit-taking.
Technical Indicators:
Anticipated correction aligns with Fibonacci 30% retracement.
Bollinger Bands suggest a possible pullback towards the lower band as price reverts to the mean.
Support:
Support Zones: 2,670, with a minor level at 2,680.
Resistance Zones: 2,751–2,760.
Recommendation: Use position sizing and stop-loss placement that align with your portfolio's risk management strategy. Adjust take-profit targets if momentum extends the retracement.
Please show support by following, comment, like and share.
Is BTC ready to explode or should we brace for a deeper drop?The pressure is mounting! Are we about to witness a massive breakout, or should we prepare for a deeper correction? The BTCUSDT chart is coiling into a elliott pattern, a classic bullish setup—but remember, trading is never guaranteed, and the market loves to test us! Here’s the full breakdown of what we’re seeing right now:
💎#BTC previously enjoyed a strong rally and made new ATH but due to #TRUMP not mentioning any words for crypto we have seen a massive sell pressure.
💎But according to elliott wave count, we are heading towards 3rd impulsive wave targeting 120-125k .
💎After that we can see a slight pullback making a 4th corrective wave
💎And then we can see #Bitcoin to final All-Time-High making at 130k level most probably
Stay patient, and always wait for confirmation before taking any action. Discipline is the key to long-term success!
ALT/USD – Key Technical UpdateRecent Price Action:
ALT has seen a significant decline, with bulls looking for support amid intensified bearish pressure. The recent drop highlights vulnerability, but key support levels below could provide a foundation for recovery.
Key Levels to Watch:
Support Levels:
$0.08500: Immediate support zone where bulls are attempting to stabilize.
$0.07810: A prior swing low with historical buying interest.
$0.07150, $0.07000, $0.06650: Critical levels marking past swing lows. A deeper move into these zones could attract aggressive buying, especially near $0.06650, aligning with August 5th’s swing low.
Resistance Levels:
$0.08790: Near-term resistance likely to cap immediate recovery efforts, with confluence from recent bearish gaps.
$0.11131: A stronger resistance zone near January 17th’s swing high, which aligns with prior bearish momentum.
Market Dynamics:
Token Unlock Impact:
The upcoming Saturday token unlock is expected to increase supply, potentially exacerbating downside pressure in the short term. However, following the release, the market could stabilize, setting the stage for a relief rally as bearish momentum wanes.
Bearish Gaps:
Resistance from daily bearish gaps adds confluence near $0.08790 and $0.11131, making these levels critical to monitor during any rally.
Outlook:
Bullish Scenario:
A successful defense of $0.08500 or a deeper dip into the $0.07150–$0.06650 range, followed by strong buying momentum, could lead to a relief rally. Clearing $0.08790 would open the door to a move toward $0.11131 or higher.
Bearish Scenario:
A sustained break below $0.06650 would invalidate key supports, exposing ALT to further downside risks, with no clear structural floor below.
Conclusion:
The focus remains on $0.08500 as the immediate support zone, while Saturday's token unlock is likely to influence price action significantly. A relief rally may emerge post-unlock, targeting $0.08790 and possibly $0.11131 if the bearish gaps are filled. For now, caution is advised as the market navigates increased supply pressure.
BTC CMEAfter touching the weekly BISI, the price dropped behind the stops in the shorts, the daily BIs became an inversion and gave support to the price without pushing it down.
If this is a Екгьз rally, we will see how the price will react within 4 hours, a selling pattern is formed, there is inefficiency, a block of refusal is possible, which can lower the price to 0.5 range
Will this move be to fill the weekly BISI again or will it continue to send orders up?
Now those who entered long have opened positions, I think the price will follow their stops
Will KEYUSDT Bounce or Break? The Market's Crucial Moment!The crypto market often mirrors a roller coaster, and BYBIT-KEYUSDT.P is no exception. Currently priced at 0.0007485, the asset has plummeted 94.43% from its all-time high of 0.0134455 in March 2024, but it’s up 24.34% from its absolute low set just a month ago. Indicators like the RSI (40.58) and MFI (36.56) suggest the market is nearing oversold territory, while a narrowing gap between the MA50 (0.00092) and the current price highlights potential for a technical breakout.
Recent patterns reveal an intense struggle between buyers and sellers. The dominance of increased sell volumes over the past sessions has led many traders to question: Is this the calm before a bullish reversal, or the start of another leg down? With resistance looming at 0.001082, all eyes are on whether the asset can gather momentum to reclaim lost ground or if sellers will tighten their grip.
For traders seeking action, the stage is set. Will you capitalize on this key juncture, or watch as the market decides its next move? Either way, the opportunity is ripe.
Roadmap: The Story of BYBIT-KEYUSDT.P Through Patterns
1. January 7, 2025 – “Sell Volumes Max” (Direction: Sell)
The market opened at 0.001194 and closed at 0.0011535, showcasing intense selling pressure with a low of 0.00114. This pattern indicated a shift towards bearish sentiment. Interestingly, the price in the subsequent pattern aligned with this direction, confirming that sellers were in control. The next few bars validated the forecast, as the price continued its downward journey, further solidifying this bearish signal.
2. January 8, 2025 – “VSA Buy Pattern Extra 1st” (Direction: Buy)
As expected from this pattern, the market attempted a bullish comeback. Opening at 0.000993, the price initially struggled but closed higher at 0.000972 after testing a low of 0.000959. This was a clear move towards recovery, but it fell short of breaking significant resistance levels. Confirmation arrived as the subsequent pattern reflected further buying pressure, proving that bulls were regaining some footing.
3. January 10, 2025 – “Increased Buy Volumes” (Direction: Buy)
Here’s where things got exciting. The price opened at 0.0009775 and climbed to a close of 0.001068, rallying decisively after hitting a low of 0.000945. This pattern screamed bullish energy, with a strong confirmation seen in the subsequent bars. Buyers capitalized on this move, pushing the price to test higher resistance levels.
4. January 11, 2025 – “Buy Volumes Takeover” (Direction: Sell)
A shift in momentum was clear as the market opened at 0.0011125 but closed lower at 0.001072, signaling a potential fake-out or exhaustion of bullish power. The next bars saw prices aligning with the forecasted sell direction, validating this pattern’s call for caution.
5. January 17, 2025 – “Sell Volumes Max” (Direction: Sell)
The market turned bearish once again, with an opening price of 0.0010495 and a sharp close at 0.000944. Hitting a low of 0.000896, this pattern proved its worth as the next bars continued downward, showing that the selling wave had not yet lost steam.
Key Takeaways:
The roadmap reflects that bearish patterns like "Sell Volumes Max" consistently aligned with market direction, highlighting a reliable trend-following signal.
Bullish patterns struggled to break through key resistance levels but showed potential for short-term trades.
Momentum shifted between bulls and bears, creating pockets of opportunity for nimble traders.
Technical & Price Action Analysis: Key Levels to Watch
Here’s the breakdown of the make-or-break levels for BYBIT-KEYUSDT.P. These zones are where the action happens, and if they don’t hold, they’ll likely flip into resistance. Keep your eyes peeled for these hot spots!
Support Levels
0.000602 – The absolute low of the asset, touched recently. If this level gives way, expect it to become a solid resistance. 0.001082 – A critical support zone. If it doesn’t hold, bulls are likely to face a steep climb. 0.004257 – Not just support, but a psychological barrier. Failure here could turn it into a strong ceiling.
Resistance Levels
0.001082 – Doubling as support, but if the price can’t break back above, it’s game over for bulls at this level. 0.001476 – The next stop on the way up. If rejected, expect bearish vibes to dominate. 0.00538 – A major obstacle for any meaningful upside momentum.
Powerful Support Levels
0.004257 – All eyes are here. Losing this zone would spell trouble, as it’s one of the last defenses. 0.0057895 – A bounce from here could set up a strong rally, but a breakdown flips it into a bear’s playground. 0.0067375 – The line in the sand for bulls. Holding this is critical for regaining confidence.
Powerful Resistance Levels
No current data here, but watch for powerful zones to emerge once the price climbs closer to previous highs.
Pro Tip:
If these levels don’t hold, don’t panic. Just flip your mindset – these same levels will likely become strong resistance zones, perfect for fade plays or short setups. Stay sharp and trade what you see!
Concept of Rays: Trading Strategies and Scenarios
Let’s dive into the mechanics of trading using Fibonacci Rays, the dynamic levels built on precise mathematical principles. These rays define boundaries of movement channels and provide high-probability setups for trading key price interactions.
How Rays Work in Trading
Fibonacci Rays define zones of interaction, creating a system of dynamic support and resistance levels.
Price movements tend to follow rays, and interaction often signals whether to expect a reversal or continuation.
Dynamic factors like Moving Averages (MA50, MA100, MA200) further confirm key zones, enhancing accuracy.
The strategy: Wait for price to interact with a ray and exhibit clear movement in the direction of the ray, targeting the next ray.
Two Trading Scenarios
Optimistic Scenario :
The price reacts positively to support rays and continues upward, interacting with ascending Fibonacci Rays and moving averages. Targets align with resistance rays.
Entry: After interaction with Support 0.001082 and confirmation from MA50 at 0.00092, enter long.
First Target: Resistance at 0.001476 (next ray level).
Second Target: Powerful resistance near 0.00538 (further ray projection).
Third Target: Upper limit of movement at 0.0067375 if momentum sustains.
Pessimistic Scenario :
Price fails to hold support rays and breaks below, aligning with descending Fibonacci Rays. Each broken ray acts as resistance for potential short setups.
Entry: After price breaks below 0.001082 and closes under MA50 and MA100.
First Target: Powerful support at 0.000602 (next ray level).
Second Target: Deep retracement towards 0.004257, now acting as resistance.
Third Target: Collapse towards absolute lows below 0.000602, if selling momentum dominates.
Dynamic Trading Ideas Based on Ray Interactions
Bounce from MA50 and Ray Support: If price interacts with 0.00092 and shows strong buying signals, go long towards the next ray.
Break and Retest of Resistance Rays: If 0.001476 is broken and retested with confirmation, aim for 0.00538.
Sell-off after Ray Break: If price breaches 0.001082, wait for a retest and short towards 0.000602.
Range Trading Between Rays: Play the levels between 0.001476 and 0.00538 during a sideways market, watching for clear rejection or breakout signals.
Key Points for Execution
Always wait for interaction with rays and dynamic confirmation (e.g., MA alignment).
Move stops to breakeven after hitting the first target.
Targets are sequential: from ray to ray, ensuring flexibility in both scenarios.
Trade Smart and Flexible : Let the rays guide your entries and exits while keeping an eye on volume and momentum. Remember, every ray interaction is an opportunity!
Your Turn: Let’s Keep the Conversation Going!
Got questions or want to dive deeper into the analysis? Drop your thoughts in the comments below—I’m here to chat and explore with you. Don’t forget to Boost this idea and save it for later to track how the price respects my mapped levels. Watching these movements unfold is the essence of trading mastery!
By the way, my proprietary indicator handles all these rays and levels automatically, making the process seamless. If you’re curious about using it, feel free to reach out via private messages. Let’s discuss how it can become part of your trading toolkit.
Looking for custom analysis? I’m open to analyzing any asset you’re interested in. Some of it I share openly, but if you prefer a private breakdown tailored just for you, we can work something out. Trust me—these rays work across all markets, and I’d be happy to create a setup that fits your needs.
Finally, don’t miss out on future insights! Follow me here on TradingView, where I post all my updates and ideas. Your support and engagement keep this community thriving, and I can’t wait to hear your thoughts.
Let’s trade smart, stay connected, and grow together! 🚀
Bitcoin will have major correction again?It' s near clearly seen that #bitcoin #btc chart is in Wyckoff' s Distribution Schematic. While president takes place, #btcusd made the up thrust and then retraced. If CRYPTOCAP:BTC manages to make a new impulsive movement to record a new ATH soon, then this bearish bias will be postponed. Remember my posts in start of march 2024, i said same. A quick new ATH is the (temporary) invalidation, otherwise " welcome the new major correction." Not financial advice. DYOR.
Technical Analysis of XAUUSD Using Support and Resistance LevelsXAUUSD represents the price of gold (XAU) against the US dollar (USD). Its current price is 2724, and the target price is set at 2800. This suggests a bullish outlook, with an expected price increase of 76 points. The analysis is based on the "support and resistance" pattern, where the current price is rebounding from a strong support level. Support levels act as a price floor, where buying pressure typically overcomes selling pressure, preventing further decline. The strong support indicates high confidence among traders that the price will rise. A move toward the target of 2800 aligns with the historical price behavior near this level. Traders may monitor for confirmation signals, such as higher highs or increased volume, to validate the upward momentum. However, market conditions and external factors like economic data or geopolitical events could influence the pair’s movement. Proper risk management is essential.
BITCOIN The March effect is about to kick-inTrump's inauguration took place yesterday and that's perhaps the one event that the markets have been waiting for to kick-start the year without distractions. On today's analysis we go through every January of Bitcoin's (BTCUSD) final year of its Bull Cycles and present to you what we will call from now on 'The March effect'.
As you can see, the price action coming to those January months is fairly similar between that last 4 Cycles. The price finds Support below its 1D MA100 (green trend-line), then breaks above it and with that as its new Support, it rises towards January where it starts the first Consolidation Phase. After a new Low near (or on) the 1D MA100, the market resumes the uptrend and rise towards March where again it starts a second Consolidation Phase.
As a result, January - March during the Bull Cycle's final year deliver this incredibly bullish sequence and we can claim that the phenomenon has already started as January 13 2025 was a close enough test for the 1D MA100. We are expecting a March peak around $130k.
So do you think we will see the 'March effect' unfold once more and if yes is $130k a plausible target in your opinion? Feel free to let us know in the comments section below!
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
PEOPLE Reversal Setup at Channel Bottom | 100% Potential Return
BINANCE:PEOPLE/TETHERUSHTTPS - 4H TIMEFRAME 🎯
SETUP STRUCTURE:
━━━━━━━━━━━━━━━━
✦ ENTRY: $0.03578
✦ TARGET: $0.07380
✦ STOP LOSS: -3% Below Entry
✦ RISK:REWARD: 35:1
✦ TIMEFRAME: 4H
✦ POSITION TYPE: SWING TRADE
TECHNICAL CONFLUENCE:
━━━━━━━━━━━━━━━━
1. PRICE ACTION:
• Descending Channel Bottom Test
• Multiple Timeframe Support Zone
• Previous Strong Demand Area
2. MARKET STRUCTURE:
• 6-Month Downtrend Exhaustion
• Potential Double Bottom Formation
• Clear Volume Profile Support
3. KEY CATALYSTS:
• Oversold RSI Divergence
• High-Volume Accumulation Zone
• Strong Historical Support Level
TRADE MANAGEMENT:
━━━━━━━━━━━━━━━━
ENTRY STRATEGY:
• Scale in between $0.03578-$0.03600
• Initial position: 40% of total size
• Add on first confirmation: +30%
• Final add on trend confirmation: +30%
TAKE-PROFIT STRATEGY:
TP1: $0.05000 (25% of position)
TP2: $0.06200 (50% of position)
TP3: $0.07380 (25% of position)
INVALIDATION:
• Break below support with volume
• Loss of 4H market structure
• Failure to hold entry zone after 4H
RISK DISCLOSURE:
━━━━━━━━━━━━━━━━
Trading involves substantial risk of loss. This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your own research and trade responsibly.
#USDT #TechnicalAnalysis #Trading #CryptoTrading #SwingTrading
Tags: @TradingView
Bitcoin Price Analysis: Breakout Potential and Targeted Upsidehello guys!
The Bitcoin (BTC) price chart shows a strong upward trend after breaking out from a key resistance level. The breakout occurred around January 20, 2025, when the price surged through a horizontal resistance zone. The bullish momentum suggests that the price is headed toward the next significant resistance level near $110,000, marked by a potential target zone highlighted on the chart.
what I see:
Breakout Confirmation: BTC has successfully broken out from a consolidation zone, as indicated by the strong upward movement after the breakout.
Bullish Channel: The price is trading within an upward-sloping channel, with the breakout occurring near the middle of the channel. This suggests that the market has significant upward potential.
Potential Resistance: The next critical resistance lies at the $110,000 level, and if the price continues to gain momentum, it could reach $115,000, as seen in the forecasted range.
Support Level: A major support level lies near $99,000, which could provide a strong base for any short-term pullbacks.
#BNB /USDT Ready to launch upwards#BNB
The price is moving in a descending channel on the 1-hour timeframe and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 670
We have a downtrend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 682
First target 696
Second target 710
Third target 730
Trading BTC with a Solid Plan Is Crucial for Success—Here’s Mine🌟 In this video, I share a trade idea along with my detailed trading plan and we highlight why a well-structured strategy is 🔑 key to success. Discover how to trade BTC Bitcoin 🪙 using a trend continuation approach while leveraging TradingView's powerful tools and features to gain a real edge in the markets. 🖥️✨
Here’s what we’ll cover:
📊 Trend Analysis: A top-down review of market direction to identify opportunities.
📈 Market Structure & Price Action: Key insights into how price moves and behaves.
🎯 Trade Planning: Using higher timeframe support and resistance levels to set stop loss and target points.
🛠️ TradingView Features: Practical tools to refine your analysis and boost efficiency.
This video is an in-depth guide to trading effectively with a proven strategy, enhanced by TradingView's unique capabilities. 🚀 Please remember, this is not financial advice. 📜