Chart Idea - BTC Potential Bull Market TargetI have rarely seen a cup and handle created on weekly this beautifully. Acc to this cup n handle pattern, the TP is coming around $290K. I personally will start booking profits once the monthly RSI hits around 90. Bearish divergence on weekly will give further confirmation to start selling in big chunks. It doesn't matter what the price would be and what the month in that cycle would be. IMO, it will be around 3rd or 4th quarter in 2025. Let's see
Not a financial advice!!
Btctargets
Bitcoin-where will the price go?What to expect?(2-top?) BTC/USDTHello dear friends.
I want to congratulate you again on the fact that all my actions are described in the previous ideas, work out by 99.9%
Now let's look at Bitcoin again.
Everything I write here is not financial advice, this is not financial advice, and I am not responsible for your "no-knowledge trading"
I also do not recommend trading for novice traders without understanding the beginners, the basic points that are needed for profitable trading.
Do not chase after the fact that you will immediately become rich in an hour, and do not sell or buy with all your savings what you think will be 100% profitable.
Yours faithfully, Opptrade
Perhaps I'm wrong, and the price will still be taken out of the 38150 border and the price will be posted there - on confirmation of 4h TF, then the previous analysis of the situation will work 100%
But for now, I am working from the short position.
Now about trade.
Exit from the triangle as it took place, confirmation of the exit from it - it also happened, the price is pulled to 100% of the margin requirements that my bot indicated, namely, to the mark 39630 (we'll see)
At this time, if you look at the situation as a whole, then everything looks optimistic, and beautiful, many who buy, make good profits, and short positions suffer losses (not all), and those who trade within the day - since the margin movement of the bitcoin price now is 3180 points.
But I assess the situation differently, since there are many prerequisites for this growth to end soon.
And a big bear will come into play.
Why?
Firstly (I will write again from what my trading bot gives me)
- This is that the price is now trading above the 37750 range, but there is no way to overcome it
Second:
Cluster analysis indicates a large accumulation of forces at those levels from which the price corrected and returned to the level of 32000-30000.
Third point:
The price is trading at 100% of the margin value, and also made an exit outside the triangle ... But -
Bollinger indicators
MACD
and RSI - their values at 4h TF indicate a reversal.
Likewise - many traders on different trading floors recommend everyone to buy, but I want to warn each of you - I EXPECT A STRONG IMPULSE OF THE PRICE DOWN, even from these values.
Because, according to my trading bot, long positions are now on many exchanges - more than 83% - and only 17% are Short.
Based on these values, I expect to see the price at around 35,000 dollars again, to collect liquidity, as well as make a correctional movement - this growth.
Which position I will enter, as always, I will make an open analysis of the situation - and publish it in the public domain, regardless of whether there will be profit or loss.
Trade wisely, observe risk management and money management, set stop loss and take profit. Take more from the market than it wants to take from you.
Don't trade on beliefs. But only from strong levels.
BTCUSD - 1W Chart AnalysisEven if the price of Bitcoin has moved more sideways in the last 4 months, there are several interesting aspects that can lead us with the thinking to a positive scenario.
Therefore, since the last week of November and until today, we could see that the price moved between the Support Level and the Resistance Level 1 on a 1W chart, but what is the most important thing to notice is the 3rd consecutive week which is about to be registered with more consistent trading volumes than before.
This price increase has been signaled in advance by MACD's position at the top of the Signal but also by the "fast" line of Stochastic which is also above the "slow" one.
Regarding the general trend, this has been cnstantly bearish for a long time and despite the changes in price direction, the latter has not managed to "break" the 20 days Moving Average.
Today, these positive circumstances still exist and if the trading volumes will maintain at least the same consistency, there are big chances for the price to continue it's slight rally towards the Resistance Level 1 in the next 1-2 weeks.
On the other hand, if trading volumes will drop, the actual positive scenario has great chances to come to an end, with the price heading towards the level of $ 3366.
BTC IMPORTANTE MOVE AND UPDATEHeading to our first selling zone $7036/$7189, then retest of the neck line at $6800, now be careful Opening longs here, this retest Could fail and we could start dropping (40% for this idea). Next selling Zone and more risky one between $7400/$7500, You don't need to be the last person selling at the highest price, don't use one target use a Zone, for this idea i will give (60% probability) That level will act like a VERY STRONG Resistance it won't be able to go any higher than that, next buying zone 4900/5200 in August, if anything changes i will update. but this is the analysis for now.
BTC SHORT important updateThis is and update chart for people in the private group, link below. So we entered short with and average about $ 6823 we will close that short at 6584/6594. at that level you could also open a long but i don't recommend using to much % of your capital, for that trade i recommend x 50 leverage and only about 2% of you total xbt, that way we can make great profit but taking very low risk, if we get liquidated we only will lose 2% but if we go to target we can make 5.22% of our total capital so that will convert it into good ratio. risk1 reward 2.61. then from 6824 to 6889 we can re open heavy short orders using x 25 with 25% of our capital. good luck
t.me