Bitcoin's Double Bottom Reversal1.Double Bottom Formation
Bitcoin has formed a double bottom pattern, signaling a potential bullish reversal.
The second bottom was created around $89,200, which acts as a strong support level.
2.Neckline Resistance at $91,200
The neckline of the double bottom pattern is at $91,200.
A daily close above $91,200 is crucial to confirm the breakout and initiate an upward move.
3.Bullish Scenario
If the price successfully breaks and closes above the neckline, a long position can be considered.
The breakout could lead to a potential price target of higher resistance zones, depending on momentum.
4.Risk Management:
If the price fails to sustain above $91,200, a retest of lower support ($89,200) could occur.
5. Key Levels to Watch
Support: $89,200
Resistance : $91,200 (neckline)
Bitcoin is showing signs of a bullish reversal from the double bottom pattern. Keep a close eye on the neckline breakout for confirmation before entering long positions.
Btcusdanalysis
What’s Next for BTC: $99K or $84K?Good Morning, Trading Family!
What’s Next for BTC: $99K or $84K?
Here’s the game plan: if BTC corrects up to $93K, $94K, or $96K, it could then pull back down to the $84K marker. But if BTC breaks $96K, we could see it climb to $99K.
This Sunday, I’m hosting a webinar on how emotions can hurt your trading and how to take control of your mindset for better results.
Send me a message or check out my profile for details. If this added value to your trading, like, comment, and share it with someone who needs it.
Kris/Mindbloome Exchange
Trade What You See
$92K is key support for BTCGETTEX:92K is key support for BTC
If BTC breaks off the GETTEX:92K with significant dollars, we may see this asset go downhill for a while. It rallied down towards that zone today but quickly spiked up again.
While traders are optimistic about this asset following President-Elect Donald J Trump, we should all be careful with this baby.
Let's keep trading with risk management
Bitcoin CME Futures Analysis: Key Support and Resistance LevelsIn this analysis, I delve into the current price action of Bitcoin CME Futures, highlighting critical resistance and support zones based on the recent market structure. The insights provided aim to assist traders in understanding potential market movements and identifying key areas of interest.
Resistance Zone:
The chart shows a clear rejection from the highlighted resistance zone (purple box) around the $108,000-$112,000 price level. This zone has proven to be a strong ceiling, where sellers have taken control and pushed the price downward. The rejection confirms that this level is significant and should be monitored closely for future price movements.
Support Zone:
On the downside, we observe a critical support level around the $80,655-$77,965 range (yellow box). This zone is derived from a confluence of historical price reactions and psychological round numbers. If the price reaches this level, we might see strong buying interest, which could act as a reversal point.
Market Structure
Currently, the market appears to be in a corrective phase, with lower highs forming after the rejection from the resistance zone. A potential move towards the identified support zone could serve as a critical test for buyers. If the price breaks below this level, it may signal a deeper correction or trend reversal.
Should we expect the market to crash in the next few days?I have always believed in Bitcoin's bullish market, but the current state of Bitcoin and altcoin charts is disastrous. For the first time during a bull run, the price growth is moving very slowly, and altcoins are unable to rise.
It seems that in the coming days, we might witness another drop, which could lead to Dogecoin experiencing a correction of around 30%, and other altcoins could also face similar declines to varying degrees.
The state of Bitcoin dominance is not promising at all, and it’s likely to return to the +60 range.
Altseason might happen in about six months, but a market crash could occur during Trump’s inauguration ceremony. Perhaps Trump could be assassinated or make remarks that trigger this crash (these are all speculations).
BTC, A GUIDE TO TREND UP OR REd capBitcoin's parabolic trends are a double-edged sword, showcasing its potential for rapid growth but also highlighting its inherent volatility. Understanding these movements is crucial for investors, as steep upward trajectories often lead to sharp corrections. Analyzing market behavior, sentiment, and historical patterns can help navigate the highs and lows while maintaining a long-term perspective.
Understanding Parabolic SAR; A guide to trend where ..Bitcoin's parabolic trends are a double-edged sword, showcasing its potential for rapid growth but also highlighting its inherent volatility. Understanding these movements is crucial for investors, as steep upward trajectories often lead to sharp corrections. Analyzing market behavior, sentiment, and historical patterns can help navigate the highs and lows while maintaining a long-term perspective.
BTCUSDT: Red Lines Mark the Short-Term Shorting Zones
BTCUSDT: Red Lines Mark the Short-Term Shorting Zones 🚨
As you can see here: I shorted 102.500 level last time. I'm not going to build new position but I want to give some weak points on the chart.
We’re looking at key red lines on the chart—prime zones for short-term shorting opportunities. These aren’t just random lines; they’ve been carefully selected based on market dynamics. Let’s break it down:
Strategic Short Zones: The red lines represent areas where sellers are likely to step in. These are not long-term plays but quick, tactical shorts.
Market Context Matters: Always consider the broader trend. While these zones are ideal for shorts, confirmation from lower timeframes (like 1H or 15M) is essential.
Tools for Precision: I’ll use CDV, volume profile, and liquidation heatmaps to ensure the setup aligns with market sentiment.
Pro Tip: These short-term trades require agility—monitor price action closely and take profits quickly. The market rewards those who plan ahead and execute with precision.
Get ready, trade smart, and let’s make this another winning move. Boost, comment, and follow for more insights! 💥
Let me tell you, this is something special. These insights, these setups—they’re not just good; they’re game-changers. I've spent years refining my approach, and the results speak for themselves. People are always asking, "How do you spot these opportunities?" It’s simple: experience, clarity, and a focus on high-probability moves.
Want to know how I use heatmaps, cumulative volume delta, and volume footprint techniques to find demand zones with precision? I’m happy to share—just send me a message. No cost, no catch. I believe in helping people make smarter decisions.
Here are some of my recent analyses. Each one highlights key opportunities:
🚀 RENDERUSDT: Strategic Support Zones at the Blue Boxes +%45 Reaction
🎯 PUNDIXUSDT: Huge Opportunity | 250% Volume Spike - %60 Reaction Sniper Entry
🌐 CryptoMarkets TOTAL2: Support Zone
🚀 GMTUSDT: %35 FAST REJECTION FROM THE RED BOX
🎯 ZENUSDT.P: Patience & Profitability | %230 Reaction from the Sniper Entry
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
🌟 FORTHUSDT: Sniper Entry +%26 Reaction
🐳 QKCUSDT: Sniper Entry +%57 Reaction
📊 BTC.D: Retest of Key Area Highly Likely
This list? It’s just a small piece of what I’ve been working on. There’s so much more. Go check my profile, see the results for yourself. My goal is simple: provide value and help you win. If you’ve got questions, I’ve got answers. Let’s get to work!
Pro Tips for Crypto Trading and ask about your coinsMy Best Tips for crypto trading :
I have been trading crypto since 2017 and here my advices for newbies and average traders :
1- Don't try to catch falling knives 🔪, it's better to let the coins fall until they finish falling, stabilize, and wait for confirmation to enter a buy setup even if it comes after the asset rises from the bottom by 20 - 30%
2- Love your profits more than your coins... If you love the asset more than profits, it will become an emotional trading , which we try to avoid
3- In a bull market: hold your coins as much as possible, do not sell early
and try to buy the trendy coins Every cycle has its trend, must have some in your portfolio
4- In a bear market: sell the weakness (the trend is your friend)
Dont hold coins in bear market no matter how good the projects, they will crash by 85-99% and many will be delisted..
5- Do not put ur 100% trust in only one exchange (ex: FTX shutdown) and do not trust any project too much (ex: LUNA crash to zero), diversify your capital and the best thing you can use are the cold wallets (ex : ledger)
6- If you make a lose and get angry, take a break from the market and come back later... Don’t do revenge trading which will lead to more losses after losses
7- Always follow the news related to your coins/assets , as they can have a big impact on their price
8- There are times when you should not do anything (no trade zones) wait for triggers
9- Finally: One of the most important advantages of the crypto market is that the opportunities in it are renewable/endless ..and one of its most important rules is that : no matter how much profits you make, you are not rich unless you transfer it to your bank account because you may lose it all
10- Do not give up
$BTC BTC on a micro timeframe is about to breakdown with the next target of around $73.000, And if that ocured there is a two side of a coin always.
1. It could possibly doing a minor retracement following a retest of the neckline on a bigger timeframe there is a cup and handle pattern, if the BTC rebound very strong and rejecting the downside around 73.000 there is a strong possibility of uptrend with the next target around 129.000
2.It could possibly consolidated around 70-100k waiting for the next catalyst for it to move up or down, but i would suggest the breakdown of this pattern is slightly worrying if it happen it would likely doing a major correction phase after a bull phase on these few years !
If you wanted to ask for some types of technical analysis, chat me and donate to the tipjar would likely help you ! Cheers
BTC Price Forecast: Will Accumulation Zones Lead to a 50% Surge?We are analyzing a BTC/USD weekly chart where the price is holding strong support above the rising trendline, marked in blue.
First Scenario:
After breaking out of the resistance trendline, the price rallied by 135%, as shown in the first green box. Notably, there was a small accumulation phase in the red-marked zone before the breakout.
Second Scenario:
Currently, the price is steadily moving upward, forming another small accumulation zone within the red-marked area. This pattern suggests a potential continuation of the bullish trend.
Outlook:
Based on these observations, the price could potentially rise an additional 50% from current levels. The Stochastic RSI supports this view, aligning well with the momentum seen in both scenarios.
Conclusion: The strong trendline support, recurring accumulation zones, and favorable momentum indicators point to further upside potential.
Bitcoin Update: Head and Shoulders Pattern Points to $75kThe Head and Shoulders pattern has now formed on the one day chart, and Bitcoin is approaching the neckline. If we break below that neckline, we could see Bitcoin heading down to $75k.
At the same time, Bitcoin is also showing a bearish flag. If this flag breaks to the downside, we could see Bitcoin moving toward $81k as well.
My analysis over the past few weeks has pointed to a target range between $75k and $81k, so I’m keeping a close eye on these levels. Let’s see how things play out over the next few months.
I’ll keep you all updated with any changes. Stay tuned and watch the price action closely. 🚨📊
Like, share, and follow for more insights!
BTCUSDT Analysis: Preparing for a Critical Zone TestThe 4-hour chart of BTCUSDT reveals a textbook retest of key levels following a sharp breakdown from the resistance near $105,268 . This move is consistent with a broader bearish structure that began forming after rejection at $108,366 . The current trajectory suggests Bitcoin may continue its downward momentum toward a high-probability liquidity zone between $85,883 and $89,510 . Here's why this area deserves close attention:
Technical Breakdown:
1. Descending Trendline Rejection:
The price recently respected the long-term yellow descending trendline, emphasizing the strength of sellers around $102,934.
2. Support Zones:
Immediate support at $96,920 has seen a weak bounce, increasing the likelihood of deeper retracements.
A stronger accumulation zone lies between $85,883 and $89,510 (highlighted in orange), which aligns with historical demand zones and Fibonacci retracement levels.
3. Bearish Momentum:
The rapid fall post-breakout indicates strong bearish momentum, confirmed by increasing sell volumes on key levels. Any short-term pullback toward $96,436 or $98,000 could serve as an opportunity to position for further declines.
4. Indicators and Risk Management:
Divergence signals suggest momentum exhaustion, and traders should anticipate potential short-term volatility. Use tight stop-loss placements and avoid overleveraging. For this setup, a stop-loss above $98,920 is recommended to limit risk.
Trade Plan:
Short Opportunity:
If BTC retraces to $96,436 or $98,000, consider entering short positions with targets in the $89,510–$85,883 range. Stay vigilant and be prepared to pivot based on price action near critical levels.
***
Final Note:
Remember, no strategy is foolproof. Always consider market risks, manage positions carefully, and align trades with your broader portfolio strategy. Let the price action guide your decisions.
Those who buy BITCOIN without looking at anything should be careIn my view, history will repeat itself. BTC will reach 65000. Some Future matters is reducing the possibility of BITCOIN's upward movement. November 2021 is still expected. Those who buy BITCOIN without looking at anything should be careful. If you look at the BEARISH DIVERGECNE, you can see that the INTEREST of buyers is decreasing.
BTC should continue outperforming EtheriumSince 2020 low BTC has been outperforming Etherium.
Moreover, the ration BTC to ETH has been following the modified Elliott Wave textbook five wave up structure.
BTC looks ready to make another jump (bullish sign).The subwave C of wave 5 up should be able to extend up to 30.00 (see the Red Box).
Grabbing liquidity at 87,000 and heading up – target: +102,700The correction we are observing now is typical for this time of year (late December – early January). At the end of the year, institutional investors close positions to report profits to their investors (if they have any, of course), and many traders take winter holidays during the pre-New Year period. Market activity (which doesn’t necessarily mean growth) usually starts picking up from the second week of January. 🌡️
So, no panic, no sudden moves! Instead, while everyone else is selling in a rush, we look for entry points to reap the rewards later. 🚀
Now, what about Bitcoin? First of all, we see that the price has approached the key support level of $91,000 and slightly bounced back.
In fact, we have already entered the area of unrealized long liquidity, which ends at the $87,000 mark. It’s logical to expect this liquidity to be absorbed, as Bitcoin needs fuel for further growth. We might dip slightly lower – down to 85,000. If we don’t rebound from this level, the drop could be sharp and significant – the next major liquidity zone is below $70,000.
Therefore, entering with a stop-loss is mandatory! 🚫
Here’s the entry point:
🔹 BTCUSDT - Long
📥Entry price: $87,000 – $90,000
🎯Target: $102,700
🛑Stop-loss: $84,450
Happy trading, everyone! 💰
Bitcoin BTC Has Almost Finished Correction: $89k soon!Hello, Skyrexians!
In our recent analysis we told that this correction will not be finished without reaching GETTEX:89K , it almost impossible! Several days ago BINANCE:BTCUSDT surges above $102k which caused a lot of optimism on the market, but all these traders has been banished by the sudden dump. Why this drop was expected and promised GETTEX:89K will be reached anyway.
Let's take a look at the daily time frame. We can see the after reaching wave 3 top corrective wave 4 has been started. Wave 4 is a zigzag ABC. Corrective wave B has been finished exactly at 0.61 Fibonacci. Now price is forming wave C. This wave has the minimal target at 0.38 Fibonacci at $89k. There we can expect the signal on Bullish Reversal Bar Strategy to make sure with the high probability that correction is over and the next target is $120k. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . You can see the sniper entries for this indicator before.
Best regards,
Skyrexio Team
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