BTC/USD Trading Analysis – Double Bottom & Rising Wedge BreakoutThis BTC/USD 4-hour chart showcases a potential bullish breakout setup based on technical patterns, key support and resistance levels, and price action analysis. The chart suggests a trend reversal following a downtrend, with signs of bullish momentum building up.
Let's break down the full technical analysis, covering the chart structure, key levels, price patterns, and trading strategy.
1. Market Structure & Identified Patterns
A. Double Bottom Reversal – Strong Bullish Signal
A double bottom pattern has formed, which is a bullish reversal signal that indicates the end of a downtrend.
This pattern consists of two significant low points (Bottom 1 and Bottom 2) near the $80,000 - $81,000 support zone.
The pattern confirms strong buying interest at this level, preventing further price drops.
A breakout above the resistance level would confirm the pattern’s validity, signaling a move toward higher targets.
B. Rising Wedge Formation – Potential Bullish Breakout
The price action is consolidating in a rising wedge, forming higher highs and higher lows within a narrowing range.
A rising wedge often suggests a potential breakout.
Since this wedge forms after a double bottom, the breakout is expected to be bullish, rather than a bearish breakdown.
If the price breaks above the wedge’s upper trendline, it will confirm a strong upward momentum.
2. Key Support & Resistance Levels
Support Levels:
Major Support Zone (80,000 – 81,000):
This level has been tested twice, confirming buyer strength.
It serves as the foundation for the double bottom pattern.
Stop Loss Level (72,921):
If the price drops below this level, it would invalidate the bullish setup.
This level is strategically placed to manage risk and protect against potential downturns.
Resistance Levels:
First Resistance Zone (95,000 – 100,000):
This is a critical level, as the price has faced multiple rejections here.
A breakout above this zone would confirm a strong bullish trend continuation.
Take Profit Targets:
TP1 (108,481): The first take-profit target aligns with previous highs and is a logical point for partial profit booking.
TP2 (114,372): This is the second profit target, calculated based on Fibonacci extensions and historical price movements.
3. Trading Strategy & Execution Plan
A. Entry Strategy
To execute a successful trade, we need to wait for confirmation of the breakout.
Ideal Entry: After a strong breakout above 95,000 – 100,000, indicating bullish momentum.
Confirmation Factors:
Increased trading volume → Signals strong buying interest.
Candle close above resistance → Confirms breakout.
Retest of broken resistance as support → Strengthens bullish continuation.
B. Risk Management
Stop Loss Placement: Below 72,921, ensuring limited downside risk.
Risk-to-Reward Ratio: The trade setup aims for a 1:3 or better risk-to-reward ratio.
C. Potential Scenarios
✅ Bullish Breakout:
If BTC breaks and holds above 95,000 – 100,000, we can expect a rally toward 108,481 (TP1) and 114,372 (TP2).
❌ Bearish Rejection:
If BTC fails to break resistance, it could retest 80,000 or drop lower, invalidating the bullish setup.
4. Final Thoughts – What to Expect?
This BTC/USD 4-hour chart analysis provides a high-probability bullish trade setup, supported by:
✅ Double Bottom Formation → Strong Reversal Signal
✅ Rising Wedge Breakout Potential → Momentum Building
✅ Key Resistance Breakout Levels Identified
📌 Conclusion:
If Bitcoin breaks above 95,000 – 100,000, expect a major bullish move toward 108,481 and beyond. However, if resistance holds, we might see a retest of lower support levels. Risk management is essential for a successful trade execution. 🚀
Btcusdlong
BTCUSD BUY NEXT MOVE 1. Bearish Reversal Scenario:
Alternative Outlook: Instead of continuing upward to the next target, Bitcoin may fail to breach the resistance and reverse downward due to a potential "bull trap."
Trigger: A rejection at or near the double-top resistance around $88,000 could initiate a sell-off toward the trendline support near $85,000 or lower.
Bearish Volume Confirmation: If there is a significant bearish divergence on indicators like RSI or MACD, it could confirm the weakening bullish momentum.
2. Range-Bound Consolidation:
Alternative Setup: BTC might get stuck in a sideways consolidation range between $85,000 (support) and $88,000 (resistance), reflecting indecision in the market.
Trigger: This could be driven by mixed macro signals (like interest rate policies, crypto market sentiment) and lack of volume to push the price strongly in either direction.
3. False Breakout (Bull Trap):
Alternative Bearish Scenario: If BTC spikes slightly above the double-top resistance (around $88,000) but fails to hold the breakout level, it could trap late buyers and drop quickly.
Trigger: A false breakout pattern often occurs with low volume on the breakout attempt followed by a sharp reversal.
Potential Drop Target: BTC may then fall toward $83,000 or even retest $82,000 as deeper support
Potenial inverse head and shoulders pattern for Bitcoin This is the scenario I’m believing in for the near term for BINANCE:BTCUSD .
One more leg down to confirm the neckline around 78,300 USD.
Quick reversal price action to retest the 92,300 USD (ish) level.
If the breakout takes place to the upside, then I think we will retest the previous highs, with a higher probability of going much higher. Although I believe the tariffs will have a big impact on the USD (DXY index), which I believe will have a strong effect on BTC for the near term, around the coming 6 months. So, I believe the new high will most likely come in Q4 this year, making this cycle different from the historic crypto cycles. Although, there is still a chance that other countries will start to adopt more crypto-friendly policies for crypto or Bitcoin, making this thesis more uncertain. If the policies come out as positive, then I think there are good chances of reaching new highs earlier than Q4, 2025.
Bitcoin's Wedge Breakout – Big Move Incoming?"Key Observations:
Descending Wedge Breakout:
BTC has been trading within a descending wedge pattern, which is typically a bullish reversal formation.
The price has now broken above the wedge, signaling potential upside momentum.
Buy Setup:
A buy entry is marked around $83,900 - $85,000.
The stop-loss is placed near $79,154 - $80,000, just below the previous support.
The target is set at $90,126, aligning with a key resistance level.
Trade Strategy:
Bullish case: If BTC sustains above the breakout level, it could rally toward $90,000+, offering a strong risk-reward opportunity.
Bearish case: If BTC falls back below $83,305, it may invalidate the bullish breakout and revisit lower support.
Conclusion:
This setup suggests bullish potential with a favorable risk-to-reward ratio. Traders should monitor BTC’s reaction at the buy zone and adjust their stop-loss accordingly.
(BTC/USD) – Rising Wedge Pattern - Critical Breakout Setup🔍 Market Overview & Technical Breakdown
Bitcoin (BTC/USD) is currently forming a rising wedge pattern on the 4-hour timeframe, which is a bearish signal indicating a potential reversal. The price action shows higher highs and higher lows, but the narrowing wedge suggests that buying momentum is weakening.
BTC has been battling a major resistance zone around $85,000 - $87,500, struggling to break higher. If Bitcoin fails to hold above the key support level at $80,000, we could see a strong downside move. However, if BTC breaks the upper resistance, the bearish setup may be invalidated, opening the door for a push toward $95,000+.
📉 Rising Wedge Pattern (Bearish Formation)
A rising wedge occurs when the price moves upward within two converging trendlines, making higher highs and higher lows but with a weakening bullish momentum. This pattern often breaks downward, leading to a sharp sell-off.
Characteristics of This Wedge Formation:
✅ Upward Sloping Support & Resistance Lines: BTC is trending higher, but the slope is narrowing, showing a loss of bullish strength.
✅ Decreasing Volume: Volume is declining as price moves higher, indicating buyers are losing control.
✅ Bearish Breakout Probability: Rising wedges typically break down 75% of the time, suggesting a high likelihood of a drop below support.
🔑 Key Levels to Watch
🔺 Resistance Zones (Potential Breakout Levels)
1️⃣ $85,000 - $87,500 → Strong resistance; BTC has repeatedly failed to break above.
2️⃣ $90,000+ → A confirmed breakout would invalidate the wedge and shift the trend bullish.
3️⃣ $107,000 Target → If BTC breaks above resistance, we could see a move toward the psychological $100,000 - $107,000 level.
🔻 Support Levels (Bearish Breakdown Zones)
1️⃣ $80,000 - $82,000 → Key support within the wedge; a breakdown confirms the bearish move.
2️⃣ $75,000 → Strong historical demand zone; BTC could bounce here if it drops.
3️⃣ $70,000 and Below → Ultimate bearish target if selling pressure accelerates.
📈 Bullish vs. Bearish Scenarios
⚠️ Bearish Scenario (Rising Wedge Breakdown)
🔴 Entry: Below $80,000 (confirmed breakdown).
📉 Stop-Loss: Above $83,500 (to avoid fakeouts).
🎯 Take-Profit Targets:
TP1: $78,000
TP2: $75,000
TP3: $70,000
🔹 Confirmation: Look for increased selling volume and a retest of $80,000 as resistance after breakdown.
🚀 Bullish Scenario (Breakout Above Resistance)
✅ Entry: Above $87,500, confirming bullish momentum.
📉 Stop-Loss: Below $85,000 (to minimize risk).
🎯 Take-Profit Targets:
TP1: $90,000
TP2: $95,000
TP3: $107,000
🔹 Confirmation: BTC must break the wedge’s upper boundary with strong volume for bullish continuation.
📊 Technical Indicators & Market Sentiment
🔵 RSI (Relative Strength Index)
Currently near 60 – Showing bullish momentum but not yet overbought.
A move above 70 could signal an overbought market and potential reversal.
🔴 Volume Profile
Volume is decreasing as BTC rises, suggesting a possible exhaustion of buying power.
A breakout should be accompanied by strong volume to confirm bullish strength.
🟢 Moving Averages (EMA & SMA)
BTC is trading above key EMAs (50 & 200), supporting the bullish case.
A breakdown below the 50 EMA could accelerate selling pressure.
📢 Final Thoughts: High-Risk, High-Reward Setup
🚨 BTC is at a critical decision point! The rising wedge pattern suggests a bearish reversal, but confirmation is needed. If BTC breaks below $80K, expect a strong sell-off. However, if bulls manage to break above resistance, BTC could rally toward $100K+.
🔹 Risk Management Tip:
✅ Always wait for confirmation before entering a trade.
✅ Use stop-losses to protect your capital.
✅ Monitor volume & key levels for stronger trade signals.
🔥 What’s your take on this setup? Will BTC break down or push higher? Let’s discuss in the comments! 👇
Btcusd trade idea e read caption This chart represents a technical analysis of Bitcoin (BTC/USD) on the 1-hour timeframe from Coinbase. Here are the key elements of the analysis:
1. Order Block (Green Zone):
The green zone represents a significant order block, indicating an area where institutional buying or selling activity previously took place. The price has reacted strongly to this zone, confirming its importance.
2. Entry Point (White Line & Label):
The price has broken above the order block, suggesting a bullish entry. This level is marked as an optimal entry zone for a long position.
3. Price Movement & Target Levels (Yellow Arrows):
Two yellow arrows suggest that the price is expected to move upwards towards key resistance or profit target zones.
4. Target Levels (Dashed Lines & Blue Labels):
$88,000.17 and $90,681.03 are identified as potential profit targets, indicating resistance levels where the price may face selling pressure.
5. Current Price & Trend:
Bitcoin is currently trading at $85,511.26, with a 3.40% increase. The strong breakout suggests bullish momentum.
6. Market Volume (Right-Side Volume Profile):
The volume profile on the right shows high trading activity around the $84,000 level, which could act as support in case of a pullback.
Summary:
A breakout above a key order block suggests bullish continuation.
Entry is positioned above the breakout.
Target levels are set at $88,000 and $90,681.
High probability of upward movement based on volume and trend analysis.
This analysis suggests a bullish setup with potential gains if the price sustains above the order block and moves toward the target zones.
BTCUSD - A fresh look on the current supportIf you understand the mechanics of the Medianlines aka Pitchfork, then you understand the projected movement of the markets.
Whatever you measure with them, the same principal applies.
In the prior analysis, the framework of the Medianlines pointed us in the right direction.
Now it's time to reassess this product.
The 0 to 5 Count:
It's often a good indication when the last sprint happens. After P5, the count starts again from 0, up to 5 again. Here we see that the P5 was reached and we get the bounce, down to the Center-Line aka Medianline, where it finds support.
Could it move upward again? Absolutely, even if it where just for a pullback and the a further continuation to the downside. In fact, I even expect it to bounce up to the red resistance zone.
This would mark P2 before a harder drop down to P3, cracking the Centerline.
Most often after the Centerline is breached, we see a test/retest to it. (P3-P4), an exhaustion of the buyers and then the final hit on the head with a target at P5. In between P4 and P5, there's also the 1/4 line, where we often see a sudo-support. But it's not often that price starts to turn again and negating P5. It's mostly just a try, before the last drop to P5.
So there you have my coffee-ground reading.
Always remember, that even with such an accurate TA-Framework, we only shall trade what we see.
Many thanks to the loyal followers and all likes and sharing. I always love your feedback and constructive criticism. §8-)
Tue 18th Mar 2025 BTC/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a BTC/USD Buy. Enjoy the day all. Cheers. Jim
BITCOIN Correction in Play - Can Bulls Regain Control?COINBASE:BTCUSD is experiencing a corrective move after forming a double top near the upper boundary of the channel. The rejection from this level has led to increased selling pressure, with price steadily approaching a significant support zone around $73,000. The confluence of the trendline support and the horizontal demand zone increases the probability of a bullish reaction.
If buyers step in at this level, we could see a rebound, with a potential move toward the $90,000 resistance zone. This level could act as a short-term target within the current market structure.
However, failure to hold this support could signal further downside, potentially extending the retracement toward lower levels. Traders should monitor bullish confirmation signals, such as rejection wicks, increasing volume, or bullish engulfing patterns, before anticipating a continuation to the upside.
If you agree with this analysis or have additional insights, feel free to share your thoughts here! 🚀
BITCOIN at Key Support – Ready to Bounce to $94,000?COINBASE:BTCUSD is trading at a key demand zone, which has previously acted as strong support within the ascending channel. The recent retracement has brought the price back into this area, increasing the probability of a bullish reaction. The confluence of the support zone and the ascending trendline suggests that buyers may step in to regain control.
If price confirms support within this zone, we could see a bullish continuation toward the $94,000 level, aligning with the channel’s midline and the next major resistance. However, a failure to hold this level could invalidate the bullish bias and signal a potential shift in momentum.
Traders should monitor for bullish confirmation signals, such as rejection wicks, bullish engulfing patterns, or increasing buying volume, before considering long positions. A breakout above minor resistance levels along the way could further strengthen the bullish outlook.
If you agree with this analysis or have additional insights, feel free to share your thoughts! 🚀
BTCUSD MORE BUY BREAKING NEWS BTC ALL TIME HIGH 100K SOON1. Overly Aggressive Upside Projection
The projection to 97,450 implies a nearly 19% move up from the current level (81,693) without clear intermediate confirmations. This may overlook key lower resistance areas (such as the previous support at ~86,000–88,000) that could act as barriers before a move to 97,000. A step-by-step approach would be more reasonable.
2. Neglecting Bearish Continuation Risk
The analysis focuses heavily on bullish recovery and seems to ignore the ongoing bearish trend in the last several days. If BTC fails to hold the 80,133 "bullish support area", there could be continuation to the downside toward 78,000 or even 75,000 based on prior breakdown levels. No contingency is shown in case the support fails.
3. Volume Mismatch
Notice the recent volume spikes are seen on down candles, suggesting strong selling interest. There's no confirmation of buying volume accumulation to support such an aggressive reversal. Ignoring this discrepancy can lead to a false sense of bullish momentum.
4. Broad Market Context Missing
The chart does not seem to factor in broader macroeconomic or crypto-specific news. Given the U.S. economy's impact (as suggested by the USD sign and U.S. flag symbols), interest rate decisions, CPI data, or regulatory news can disrupt any bullish narrative.
5. Overconfidence in Single Zone
The "Support bullish area 80.133" is treated as a final reversal point. In reality, markets often fake out below such key zones before reversing (a "stop hunt"). A more realistic analysis would outline alternative supports below 80k and conservative resistance targets.
Alternative Bearish Scenario (Counter Analysis)
1. Break below 80,133 triggers continuation toward 78,000 and 75,000.
2. Any bounce toward 84,000 or 86,000 could be rejected if volume does not support it.
3. Resistance between 86,000 and 88,000 should be observed for weakness if reached.
4. Lower highs and lower lows forming suggest continuation down unless broken
BtcUsd is going to 120k/130k!What I see!
Looking for impulse up.
BtcUsd is going to 120k/130k after a bit more retracement. It might retrace to maximum 90k to 80k. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
Mon 3rd Mar 2025 BTC/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a BTC/USD Buy. Enjoy the day all. Cheers. Jim
BTCUSD Bullish Breakout: Targeting 88,000 and BeyondBTCUSD Bullish Target Analysis
BTCUSD has successfully broken out of the **descending channel**, indicating a potential trend reversal to the upside. The price is currently retesting the 85,272 support zone, which aligns with a rounding bottom pattern—typically a bullish continuation signal.
If this support holds and buyers step in, BTCUSD could see upward momentum toward its next key resistance level. The first bullish target is 88,000, which aligns with the previous price structure. A strong breakout above 88,000 could push BTCUSD toward 89,500–90,000, where sellers may re-enter the market.
To confirm further bullish momentum, BTCUSD needs to maintain support above 85,000 and show increasing volume on the breakout. If it fails to hold this level, a potential retest of lower zones may occur before another push higher.
TARGETS 88,000 - 89,500 - 90,000
STOP LOSS 83,000
Bitcoin Dropped Below $80k: Will This Nightmare Will Be Stopped?Hello, Skyrexians!
Despite the extreme fear tonight BITSTAMP:BTCUSD continues going down and finally broke $80k. Investors are panic selling right now and don't know what to do. But we pointed out earlier that the most impulsive part of bull run ahead and current dump is just the correction.
Let's take a look at the weekly time frame. Here we can see that the potentially strongest reversal signal has been broken. We are talking about divergence with AO. That is the reason why we marked that waves 1 and 2 like you see on the chart. According to this counting we can see that wave's 3 targets are at the $140k and $190k. At the same time we wanna tell you that the strong resistance is located at 1 Fibonacci level at $110k and we have seen it already.
Current dump is wave 2 inside wave 3. It has the target between 0.5 and 0.61. The first one has been already reached. We expect reversal from here. Moreover Fractal Trend Detector is showing us bull run support with the green zone and now we see its retest.
Best regards,
Skyrexio Team
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BITCOIN at Major Support - Will Buyers Push Toward 98,250?COINBASE:BTCUSD has reached a significant support zone, highlighted by previous price reactions and strong buying interest. This area has historically acted as a key demand zone, increasing the likelihood of a bounce if buyers step in.
The current market structure suggests that if the price confirms support within this zone, we could see a bullish reversal. A successful rebound could push the pair toward the 98,250 level, a logical target based on past price behavior and structural confluence.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
Rinse & Repeat !!!Hello everyone, a happy new trading week to you all !.
This setup is particularly a short-term buy for those looking to take advantage of BTC's range that has been refusing to take a side.
A good RRR trade that's sure to make you a bit of money. Use proper risk and money management (risk what you're willing to not get bothered by) and most especially, do your own analysis for extra confluence !.
Fri 21st Feb 2025 BTC/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a BTC/USD Buy. Enjoy the day all. Cheers. Jim
BTCUSD - Centerline Profit-Target in reachIt's not that far anymore.
Price is trickling down it's path.
I could imagine that near the confluence point, where the 1/4 line and the red Centerline meet, the PTG could be fulfilled.
However, a crack of the red U-MLH would generate a signal for a pullback up to the white Centerline.