XNO/USDT Breaks Out from Falling Wedge Anticipating 100%+ GainsXNO/USDT has recently exhibited a significant technical development, breaking out from a falling wedge pattern—a formation often indicative of a potential bullish reversal. This breakout, accompanied by substantial trading volume, suggests a shift in market sentiment towards optimism. Investors are now eyeing potential gains in the range of 100% to 120% or more, reflecting heightened interest in this project.
As of February 10, 2025, Nano (XNO) is trading at approximately $1.34, with an intraday high of $1.58 and a low of $1.098. This price movement underscores the volatility and the emerging bullish momentum in the market. The recent surge in trading volume further reinforces the positive outlook, as increased activity often correlates with growing investor confidence.
The successful breakout from the falling wedge pattern is a pivotal moment for XNO/USDT. Historically, such breakouts are followed by substantial upward price movements, especially when supported by strong volume. The current technical indicators align with this narrative, suggesting that XNO may be poised for significant appreciation in value.
In conclusion, the combination of the falling wedge breakout, robust trading volume, and renewed investor interest positions XNO/USDT as a compelling opportunity in the cryptocurrency market. Traders and investors should monitor this pair closely, as it exhibits the potential for notable gains in the near future.
BTCUSDT
Bitcoin Range complete opposite of previous - Bullish Caution
Since January 2023, Bitcoin has risen to its current Value in 2 steps distinct and we sit on the 3rd step now.
But this Step is so VERY different and the potential Fragility exists
The chart explains this clearly.
The First step was in April 2023 and saw PA descend till June and remain in range till around October that year and saw a total retrace of around -20%. Lower Range Support was Horizontal and we were just above the 0.618 Fib extension
The 2nd began in March 2024, PA initially descended till May and then bounced back, remaining in range till October and saw a total retrace of around -25.6%. Lower Range Support was descending and the 1.618 Fib Extension was just below and was tested directly in the week of 5th August
Both began in Q2 ( approx) and ended in Q4 and both had an approx retrace of around -23%
Both were Very similar in date range, start and end. And Both were above the 618 Fib extension.
This time we have entered the "Step" in December ( Q4 ) and the under laying Support is Ascending. More than that, the line of resistance is the 2.618 Fib extension.
And this has led to a tricky situation really.
For a Start, we are in a tight pennant. The line of Resistance above is close
We do not have the time to Range and that pennant Apex is in late April. PA tends to react BEFORE we hit the APEX of triangles
The Ascending support has origins in 2017 and is the same line that PA used to Bounce higher in 2021 to reach the ATH in Nov. It is strong and we do not want to loose this.
But PA is Very OverBought and needs to cool off. When PA bounced of this line of Support in 2021, MACD was back down to Neutral. We are currently up high.
We need to repeat what we saw in previous "Steps" and let MACD cool off. It has begun on the weekly, but only Just turned Bearish
So what can we do ?
What seems to be happening is that PA is managing to remain in this triangle with an ascending support and a Very tight price range. We just saw this morning that PA has once again managed to bounce off this line after a sudden drop last night. Bulls Caught it on the line and we rise again
But what I have noticed is also how the Bitcoin Transaction count has lowered in the same period and maybe This is how we are managing to remain in this pattern ?
Less Transactions leads to less Volatility and so we keep a more stable Price range ?
Data from CRYPTOQUANT as TV does not do this metric ( wish they would )
Step 1
30 April 2023 ( Step 1 ) Transaction count was around 569K at start of that step to a Low of 445K on June 30 in Mid range
Step 2
From Feb Q1 2024, ( just beofre Step 2) we saw a continually rising transaction count that led to a peak of 671K on 22nd April. The Range has already begun by this point. 541K was the range low in August
Step 3, Current situation
As BTC PA rose Higher, we had transaction at nearly 850K but as we approached the range high we are currently in, Transaction count dropped dramatically, to 412K on Dec 16. to a Low around 398K in Mid December.
On Feb 9th ( yesterday ), we are back down to 385K
Is it this Low and currently descending Transaction count that is helping to keep PA in the Tight Range ?
Low Traffic will lead to less volatility but it maybe a fine line before Price Drops due to seemingly Lack on interest in the asset ?
Either way, We are in a Tight Triangle, currently with a Range height of around 10K
This is like a Balloon Full of Air, Getting SQUEEZED
Something has to go Pop at some point.
Technically, this has to be Lower and this could be pointing towards a TOP for now.
Maybe we are about to repeat the 2021 pattern of ATH early in the year, retrace and go for a New ATH in Q4
For me, this seems very possible - Unless PA breaks over that 2.618 Fib line.
We are under considerable and mounting pressure from the ascending Line of support
Maybe that line of support is strong enough to push us through ?
But be under NO illusion. Bitcoin Pa is under Huge strain right now but with strong corporate hands holding it steady, maybe......
Stay Tuned for The continuing Story of BITCOIN rise to greatness
10/02/25 Weekly outlookLast weeks high: $102,496.97
Last weeks low: $91,204.00
Midpoint: $96,850.48
Another week of Bitcoin within the range and another one begins. With a very familiar low of ~$91K holding for the 10th week running (since the end of NOV '24), with a weekly high of $102,500 (last weekly outlooks midpoint) capping off the highs, will this weeks midpoint also act as the pivatol level? So far the midpoint has been reclaimed, a retest should add confluence to this.
We have a midweek CPI data release with a forecast 0.0% change remaining at 2.9%. These data events often cause LTF volatility and so that should be taken into account, the same is true for PPI on Friday.
Currently the market sentiment is pretty dire, the fear & greed index is at 43, the lowest since before the US Presidential Election.
Altcoins are struggling across the board, with the exception of some CEX coins all large-midcaps are below the 4H 200 EMA. I think that will change if BTC has a strong rally back above the weekly high and reclaims it, that will give the bulls the chance to finally break the $106K brick wall and flip from a rangebound environment into a trending environment again, altcoins would rally very well if this were to happen.
On the other hand is the midpoint is lost then the weekly low will need to hold for the 11th week running.
Good luck traders!
Bitcoin Intraday Thesis – February 10, 2025Market Context & Decision
Current BTC price: $97,336
Position: HOLD BUY (Entry: $95,414)
Target: $98,500 📈 | Stop-loss: $94,800
Key Insights
🔹 Bullish Sentiment – Financial data and historical trends suggest strong upward momentum.
🔹 Technical Indicators – Mixed signals, with BTC showing short-term overbought conditions, requiring caution.
🔹 Derivatives Data –
Funding Rate: -0.02% (Slight negative bias, but not strongly bearish).
Open Interest: 75,758 BTC (Healthy market activity).
Price Expectations & Strategy
📊 Scenario 1: Bullish Breakout (80% Confidence)
BTC pushes towards $98,500 if bullish sentiment continues.
Strong historical & financial backing supports the upward move.
📊 Scenario 2: Short-Term Correction
If BTC fails to break GETTEX:98K , overbought conditions may trigger a pullback.
Support at $96K-$95K remains key for continued bullish structure.
Conclusion
HOLD BUY remains the optimal strategy.
BTC likely to test $98,500, but traders should monitor support levels in case of volatility.
Keep an eye on funding rates & open interest for further confirmation.
🚀 Will Bitcoin reach $98,500 or face a pullback? Let’s discuss! 👇
Bitcoin (BTC) – Current Market OverviewConsolidation Range:
Bitcoin is currently consolidating within a well-defined range between $92,000 and $108,000, with significant support holding above the $90,000 mark. This range presents trading opportunities for both buyers and sellers depending on market conditions.
The $92,000 support level is particularly important, as it provides a base for the price to hold above and indicates strong demand. As long as BTC remains above this level, the bullish outlook stays intact.
Market Dynamics & Volatility:
Recent selling pressure has caused some downward movement, but the price staying above $90,000 suggests that buyers are still in control, which supports a bullish thesis.
The market’s decreasing volatility indicates that Bitcoin is likely building momentum for a major move, with the current phase acting as a consolidation or accumulation period. This narrowing range could lead to a significant breakout once the price shifts direction.
Key Levels:
Resistance: The $108,000 level is a crucial resistance point. A breakout above this level could send Bitcoin on a bullish rally toward $124,000, as the price would be clearing a key area of selling pressure.
Support: The $92,000 support remains vital. A sustained drop below this level would put significant pressure on the bullish case, and further downside could challenge the current market structure.
Outlook:
Bitcoin appears to be coiling for a major move, with the market likely preparing for a breakout in either direction. A break above $108,000 could lead to further upside toward $124,000, while a drop below $92,000 would raise concerns about potential bearish action.
Conclusion:
Consolidation around the $92,000 to $108,000 range is providing an opportunity for Bitcoin to build momentum, with buyers maintaining control for now. A breakout above $108,000 would potentially push Bitcoin towards $124,000, but careful monitoring of the $92,000 support is key for maintaining the bullish outlook.
Bitcoin Macro Update: Echoes of 2015-2017 | Gold, M2, and CPI
In this macro update, I dive into Bitcoin’s price action and how it mirrors the 2015-2017 cycle. We analyze key macroeconomic indicators, including Gold, Global M2 money supply, and FRED data, to understand Bitcoin’s positioning in the broader financial landscape. With inflationary pressures and CPI trends shaping liquidity flows, is Bitcoin primed for another parabolic run? lets let the market decide.
Weekend is coming - another liquidation coming? BTC strongly bounced Monday and formed a daily candle with a massive bottom wick. It is a bullish candle but that itself doesn't confirm the bull trend is going to start. It was definitely the buy the dip moment for spot buyers and hodlers.
However, if people are trading, the obvious stop of Stop/Loss is just below that wick on the Monday candle. Subsequent daily candles failed to close above 100K. All daily momentum indicators are entering the bear zone. Now the price is steadily moving down.
Weekend is coming. I can see another perfect setup for the long liquidation event. I hope I am wrong.
I think the next few weeks are critical for the BTC bull. Weekly MACD is touching but hasn't crossed yet, so I will continue to observe the price action.
If MACD lines clearly cross to the downside and stochastic has entered the bear zone. I would consider opening a short position. I will use a daily chart to identify an entry.
It has been a very challenging market.
Bitcoin’s Fake Breakouts—Bears Taking Control!?Bitcoin ( BINANCE:BTCUSDT ) failed to defeat Resistance zone($100,520-$97,200) , the 50_SMA(Daily) , and the Monthly Pivot Point for the umpteenth time and even created a Fake Break .
It also seems that Bitcoin has been unable to break the Resistance lines .
According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing the corrective wave so that the structure of the main wave C is the Expanding Ending Diagonal .
I expect Bitcoin to break the Support zone($96,520-$95,720) and touch $95,500 this time, I told you about the importance of this price in the previous post .
Note: If Bitcoin can break the Resistance zone($100,520-$97,200) , the 50_SMA(Daily) , and the Monthly Pivot Point , we should expect an increase to Cumulative Short Liquidation Leverage($103,210-$102,454) .
It doesn't seem reasonable for Bitcoin these days to provide a long-term or even mid-term analysis, and we need to stick to a series of resistance and support levels in order to determine the next targets. Do you agree with me?
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC SHORT TP:94,500 08-02-2025BTC is currently seeking a short position on a one-hour timeframe, with a take profit set in the range of 94,000 to 94,500. This expected movement should materialize within 8 to 16 hours; if it does not occur within this timeframe, the analysis will be deemed invalid. Please remain attentive for updates to monitor this position closely.
Why Bull Market Is Not Over For Bitcoin BTC?Hello, Skyrexians!
Recently we have see the drop on BINANCE:BTCUSDT to $91k. We can't understand why it caused so much fear and negative in crypto communities. This is still next to ATH but fear and greed index dropped into the fear territory. This is great sign for bull run continuation and now we will explain you this statement with the technical analysis.
Let's take a look at the weekly time frame. Before December we had a great probability
that anticipated growth from $50k to $100k could be the final wave 5 of the bear market, but price action has broken the potential Awesome Oscillator's bearish divergence. It gives us the confidence that this move was just the wave 1 in wave 3. It means that the most impulsive growth ahead. The minimal target is 1.61 Fibonacci at $140k, maximal at $200k. We believe more in $200k, but watch out our updates because targets can be recalculated.
Best regards,
Skyrexio Team
___________________________________________________________
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BTCUSDT Analysis BTC broke the downtrend line, and bullish momentum is on. The price bounced after the breakout point (green region) retest of $95,611, reaffirming firm support.
Hoping for a potential 6.76% return at $102,431!
The bulls will remain dominant if BTC stays above $95,611. A dip below this level will disrupt the setup.
Bitcoin to the moon?Bitcoin-Gold Ratio.
If you are going to trade with the big boys, there seems to be a good chance!
An inverse head and shoulders pattern!
What is this chart telling us? this chart is signaling a prolonged bull run (a protracted wave).
(what it might lead to) as a result: Gold could drop 80% against Bitcoin!
Remember, the market (pattern!) does not care what you think.
BTC = $ 96450
Gold = $ 2860
Feb 9, 2025
Appendix
The fat years
CADCHF Breaks Resistance After Falling Wedge BreakoutCADCHF is currently trading at 0.6360, with a target price of 0.7500, indicating a bullish outlook. The pair has completed a falling wedge breakout, a strong reversal pattern signaling a potential upward trend. This breakout suggests that selling pressure has weakened, allowing buyers to take control. Additionally, CADCHF is breaking a key resistance level, further confirming bullish momentum. A successful breakout above this resistance could lead to a price surge, targeting over 500 pips in gains. Traders should watch for volume confirmation to ensure the breakout is valid. A strong push above resistance with high volume increases the likelihood of sustained movement. Pullbacks or minor corrections may occur, but the overall trend remains bullish. Risk management strategies, including stop-loss placement, are essential to protect against unexpected reversals. Monitoring economic events affecting CAD and CHF will also help in assessing future price movements.
BTCUSDT to bounce from 4h support towards weekly resistanceHere is the next trade setup for long. The price is likely to dip into 4h support zone deeper, but we will keep building position as the price dips further into the zone. Target is first 4h resistance 4HR1 then daily resistance DR1 and then weekly resistance WR1. We will evaluate the price action as it will reach these resistance milestones. There are retracement possible from these levels and therefore we will book some profit at these levels and will add on the retracements depdending on the charactersitics of the retracements.
BTC - Key Zones & Liquidity InsightsBINANCE:BTCUSDT is currently oscillating within a new trading range, establishing a trustable support zone while facing a weaker resistance trendline and resistance zone. Given this setup, a breakout isn’t the primary expectation just yet.
🔹 Key Observations:
Support Zone Strength: The support zone is stronger than the resistance, making it less likely for BTC to break downward easily.
Resistance Weakness: The resistance trendline and zone appear weaker, meaning any rejection could be temporary.
Liquidity Perspective: As seen on the liquidity chart, there’s favorable liquidity above the resistance zone, increasing the probability of a short-term push higher to hunt liquidity.
💡 Potential Scenarios:
1️⃣ BTC could move toward the resistance zone, tapping into liquidity before reacting.
2️⃣ If buyers step in aggressively, a short-term liquidity grab above resistance might trigger further upside.
3️⃣ Failure to reclaim key levels could lead to continued range-bound movement.
🚀 Stay ready for the next Bitcoin move! Follow for real-time updates and professional insights! 🔔
BTC ANALYSIS (update)🔮 #BTC Analysis 💰💰
As we saw that there was a very bullish move in #BTC. Now we expect a correction in #BTC. Also there is a bearish divergence in RSI. We will see a correction first after that we it will again continue to rise.
🔖 Current Price: $95950
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #BTC. Keep your eyes on the chart, observe trading volume and stay accustom to market moves.🚀💸
#BTC #Cryptocurrency #Correction #DYOR