BITCOIN Will this historic level break too?Bitcoin (BTCUSD) remains supported on its 1W MA50 (blue trend-line), which is its main Bull Cycle Support, despite the recent volatility. As mentioned numerous times, in periods of uncertainty it helps you maintain an objective long-term perspective if you zoom out and look on the wider time-frames.
On this 1W chart, we can see that so far all of BTC's Cycle's have followed the same pattern. The Bear Cycle bottoms and the first bounce of the Bull Cycle aims at breaking above the ATH Lower Highs trend-line (blue Arc). It is what we call the 'Growth Channel' that guides the market from its Cycle bottom to break above the ATH Lower Highs and when it does the Parabolic Rally Phase (green Rectangle) starts. The most aggressive part is when the price breaks also above its Growth Channel.
This is the only Resistance level that has yet to be broke on this Cycle. If it does, the market will explode to Targets above $200k that will start putting it to capitalization levels that would require earth shattering catalysts in terms of adoption. A continuation of expansion within the boarders of the Growth Channel however can easily target $150k. Notice that throughout the whole process of the Growth Channel expansion on all Cycles historically, the 1W MA50 (blue trend-line) tends to hold and support.
So what do you think will happen this time? Will Bitcoin break above the Growth Channel and offer us another proper Parabolic Rally or will it be a more standard rise within it? Feel free to let us know in the comments section below!
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Cryptocurrency
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.
BITCOIN approaching the critical 1day MA50 test.Bitcoin / BTCUSD has found the support it desperately needed on the 1week MA50 and rebounded.
Now it faces the most important Resistance of its Cycle, the 1day MA50.
Every time this broke in the last 2 years, the market started a strong rally.
Buy and target 140000, which would be just under the Pi Cycle Top.
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LINKUSD Channel Up bottomed. Get ready for $44.LINK is trading inside a 2 year Channel Up.
The price is under the 1week MA50, which is about to form a Bearish Cross which the 1day MA50. Last time that happened, the bottom came 10 days later.
If the waves are symmetric inside this Channel Up, then we're already at or very close to the bottom, given also that the 1day RSI got oversold and this has been an instant buy signal previously.
Buy and target $44.00 (1.382 Fib extension and +300% rise).
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BTCUSD: Staying bullish with this breakthrough analysis.Bitcoin remains marginally neutral on its 1D technical outlook (RSI = 45.889, MACD = -2304.900, ADX = 28.298) as it erased yesterday's Fed gains. Nevertheless, this doesn't make us lose sight of the bigger picture. On this 1M chart, we have selected all Decembers, as they hold critical importance for BTC Cycles. Both bottoms and tops tend to be priced around them and in between two consolidation phases take place. Don't let the short term volatility cloud your long term perspective. This Cycle hasn't topped yet. Stay bullish.
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ETHUSD: Different asser, same pattern, same ending.Ethereum remains bearish on its 1D technical outlook (RSI = 40.440, MACD = -154.200, ADX = 29.206) but sits at the bottom of its 1 year Megaphone. This is the same pattern that Bitcoin traded on last year and Gold during its most recent Bear Cycle. In all instances, when the price found support on the MA50 and broke over the Megaphone, it reached the 2.0 Fibonacci. According to this, it won't be surprising if we see ETH at 9,000 by the end of the year.
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90-91K seems interesting for short sellingMorning folks,
So, our worryings were not in vain - we've got action to 88-89K area. Now our 4H "222" Sell is completed.
At the same time, now we have the bigger one on a daily chart. Since 90-91K is a rather strong resistance area, we suggest that attempt to sell there should be relatively safe, once the upside AB=CD target around 90.5K will be completed.
So, I mark this idea as "bearish" although price could raise a bit more.
BITCOIN The Ultimate Cycle Model calls for $160k!Bitcoin (BTCUSD) is rebounding following yesterday's Fed Rate Decision. Technically the rebound has already started 10 days ago after the market nearly bottomed on the 1W MA50 (red trend-line). This is the strongest long-term Support level, as it is where BTC priced Lows and rebounded on August 05 2024 and September 11 2023, but it is not the only one.
With the current 2023 - 2025 Bull Cycle pattern being a Channel Up, this is the absolute and ultimate model that has been guiding the price action and can help estimate any future moves. Given that, it's also the 0.382 Fibonacci retracement level that supported both Lows (as well as the current one) on the 1W MA50 mentioned above. As a result, we are so far on a double Support cluster.
The 1W RSI comes in as the 3rd Support, as it hit and is rebounding now on its 2-year Support level, where the bounces of September 07 2024 and September 11 2023 happened. It is also important to mention that the Channel Up can be divided into two phases, Phase 1 (green Channel Up), which traded within the 0.0 - 1.0 Fibonacci range and Phase 2 (blue Channel Up), which trades within the 0.5 - 1.5 Fibonacci range.
The symmetry within those patterns are so high that the two Bullish Legs of Phase one have both rallied by +100.64%. If Phase 2 follows the same dynamic, and there is no reason to assume it won't as the Bearish Legs have been almost identical, we can assume that the Bullish Leg that has just started will rise by +121.48%, same as the previous one (Aug - Dec 2024). That gives us a Target estimate of $160000.
So do you think that BTC has bottomed on this Triple Support Cluster and if so, can it reach $160k by the end of this Cycle? Feel free to let us know in the comments section below!
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Bitcoin (BTC/USD) – Bullish Breakout in Progress📈 Chart Pattern:
Bitcoin has been trading inside a descending channel for several weeks. Recently, BTC has broken out of the channel’s upper boundary, indicating a potential shift in momentum.
🔹 Key Levels:
Support: $80,043.75 (Critical stop-loss level)
Resistance: $87,500 (Short-term)
Target: $92,944.17 (Upside projection)
📊 Trading Plan:
BTC might retest the breakout zone before continuing the upward move.
A confirmed higher low formation could signal strong bullish momentum.
If BTC remains above $85,500, further upside toward $92,944.17 is possible.
⚠️ Risk Management:
If BTC drops below $80,043.75, the bullish setup could become invalid.
Traders should wait for confirmation before entering long positions.
💡 Conclusion:
This breakout could lead to a strong uptrend, but traders should watch for a successful retest before making a move. 🚀🔍
Phemex Analysis #69: Pro Tips for Trading FARTCOIN. FARTCOIN ( PHEMEX:FARTCOINUSDT.P ), once a highly sought-after AI meme coin, experienced a meteoric rise of over 500%, reaching an all-time high of $2.75 following its listing on Phemex. The euphoria was palpable, with investors reveling in their newfound gains.
However, as is often the case in the volatile crypto market, the winds changed. A broader market downturn ensued, and FARTCOIN was not spared. Its price plummeted by more than 92%, hitting a low of $0.1987. The once-celebrated coin seemed to be gasping for air, leaving many to wonder if it would ever regain its former glory.
But in the world of cryptocurrencies, narratives can shift rapidly. FARTCOIN began showing signs of life, bouncing back from the $0.19 area and forming higher lows and higher highs—a classic indicator of a potential bullish run. The community buzzed with speculation: Was this the dawn of a new era for FARTCOIN?
Possible Scenarios and Pro Tips
1. Bullish Reversal
The recent price movements suggested that FARTCOIN might be gearing up for a resurgence. If it could sustain levels above key resistance points, it would signal renewed investor confidence and an upward trend.
Pro Tips:
Breakout Entry: Should the price break above the $0.42 resistance level with substantial trading volume, traders might consider entering long positions, targeting subsequent resistance levels at $0.59, $0.88, and $1.29.
Accumulate Gradually: For those wary of immediate market volatility, employing Phemex's scaled orders to build a position between $2.00 and $4.00 could be a prudent strategy.
2. Continued Downtrend
Yet, the crypto seas are unpredictable. If FARTCOIN failed to maintain its support levels, it could test lower price points, especially if broader market sentiments turned sour.
Pro Tips:
Short Positions: Seasoned traders might explore short-selling opportunities, particularly if the price dips below established support levels at $0.26 or $0.23 with high trading volume.
Buying at Support Levels: Conversely, if the price drops below these support levels with low volume, long-term investors might see this as an opportunity to accumulate FARTCOIN near strong support zones, such as $0.20.
3. Consolidation Phase
There was also the possibility that FARTCOIN would enter a consolidation phase, trading within a defined range as the market sought direction. This sideways movement could persist until new catalysts emerged.
Pro Tips:
Range Trading: Identifying key support levels at $2.6, $2.3, and $2.0, and resistance levels at $0.42 and $0.59, could enable traders to execute buy and sell orders effectively within this range.
Grid Trading: Utilizing Phemex's Grid Bot could allow traders to automatically capitalize on small price movements within the trading range, optimizing gains during periods of consolidation.
Conclusion
FARTCOIN's journey reflects the dynamic nature of the cryptocurrency market. From its rapid ascent to its subsequent decline and potential recovery, FARTCOIN exemplifies the volatility inherent in digital assets. By staying informed, employing strategic trading approaches, and exercising prudent risk management, traders can better navigate the opportunities and challenges presented by such assets.
Tips:
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Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
MSTR: Is 300 Enough?MicroStrategy is seeing tremendous strength off the lows along with the rest of the crypto space. We are eyeing this 300 level to see if it offers a proper buy zone to coincide with Bitcoin 85,000 which has also seen tremendous outperformance relative to equities. Watch the overhead trendline drawn here as well as Bitcoin 90,000 for profit takes or continuations. We will decide which if and when we get there.
FLOKIUSD Channel Up bottomed. Best buy level for $0.001FLOKI is trading inside a Channel Up since the June 13th 2022 Bear Cycle bottom.
As the 1week RSI touched 35.00 and is holding, this is technically a strong buy indicator long term.
The price just broke below the 0.5 Fibonacci level and touched the bottom of the 3 year Channel Up.
There is no better buy signal than this. Buy and target 0.001 (just under the 1.5 Fib extension).
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BNBUSD Cup and Handle can now target $1000Binance Coin / BNBUSD is trading inside a Cup and Handle pattern for the entirety of its Cycle.
Right now it is forming the Handle part with the 1week RSI neutral. Technically that is an ideal long term buy opportunity.
Last week could be the bottom and we expect another +98.69% rebound such as on August 5th 2024.
Buy and target $1000.
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DOGEUSD preparing the final rally to $1.00Dogecoin / DOGEUSD has hit this month and so far holding its 1month MA50.
This Cycle isn't that different from the previous two, although it is naturally a not as aggressive as the market has matured.
According to the 1week RSI, the market is at the bottom of the final Bull Cycle pull back before the final rally for the Cycle Top.
We expect it to reach at least $1.00 by the end of this year.
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PEPEUSD: Bottom highly likely priced. Target 0.00008.Pepe turned neutral on its 1D technical outlook (RSI = 46.389, MACD = 0.000, ADX = 26.088) as it has been on a small short term bounce but still limited under the 1D MA50. The latter is the level to break as it has been the Resistance of this bearish wave of the 2 year Channel Up with two rejections on Jan 17th and Jan 2nd. The recovery on the 1D RSI is a strong sign of a bottom, much like September 20th 2023. Technically that took place on a 1D Death Cross, a formation we completed 4 weeks ago. The bullish wave that started then, hit the 1.618 Fibonacci extension. Long term trade is buy, TP = 0.00008.
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ETHEREUM Megaphone bottom like March 2020Ethereum (ETHUSD) is currently on the first week of rebound after 3 straight red weeks when it was unable to break above the 1W MA50 (blue trend-line). This is taking place on a Lower Lows trend-line, technically the bottom of a 1-year Megaphone since the March 11 2024 High.
The market is no stranger to long-term Megaphone consolidation periods like that as last time we saw this was on the June 2019 - March 2020 Megaphone, which eventually broke upwards after the brutal COVID crash Bearish Leg that touched bottom. This is quite similar to the current Bearish since late December. Notice how perfectly aligned the Fibonacci retracement levels are.
Based on this, we expect at least a 1.5 Fibonacci extension test at $6000 before this Cycle tops at the end of the year.
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DOW JONES This is why chances of a brutal rebound are so high.Dow Jones (DJIA) has been trading within a Channel Up since the July 31 2023 High and last week it hit (marginally breached) its 1W MA50 (blue trend-line) for the first time since the week of October 30 2023. The price went on to test the bottom of the Channel Up and rebounded back above the 1W MA50.
This is an incredibly strong long-term bullish signal and it is not the only one. The market also made a Lower Low rebound on the 3-month trend-line while the 1W CCI got oversold below -150.00 and is rebounding. The last time we got these conditions fulfilled was exactly 2 years ago on the March 13 2023 Low.
That was when the index made a similar Megaphone Lower Low rebound on oversold 1W CCI that initiated a +13.57% rally. Both Megaphone fractals emerged after Dow rose by +21.00%.
In fact, every oversold 1W CCI rebound has produced very aggressive rallies. Based on those similarities with the March 2023 fractal, we expect the index to hit 46150 (+13.57%) minimum by July. If the more aggressive scenario of the November 25 2024 rally that made a Channel Up Higher High on the 1.5 Fibonacci extension prevails, then our more optimistic scenario is 48900 (Target 2) by September, which could technically be the end/ Top of the current Bull Cycle.
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The Bitcoin Google trends wedge pattern. Good day traders & investors,
Is the Google trends search for Bitcoin about to explode ?! The chart pattern is a bullish one. The Google trend search topped out back in 2017 and has been in a wedge pattern since then. The search/interest recently broke out of this 8 year wedge pattern and this month retested the breakout. This is typically a bullish pattern and shows the interest and search volume is picking up and could very soon explode again.
The settings for this search was world wide , bitcoin and a custom time interval set from Jan 1st 2009 to Mar 19th 2025
Since inception the interest for Bitcoin gained volume/growth until it peaked in 2017. Ever since then the interest and searches has been making lower lower highs until very recently (last Oct) where it made a higher high as it broke out of this wedge. Also, since 2017 while making lower highs the google trend has been making higher lows, thus forming this wedge pattern. The break out and retest of this pattern is what shows the signs of strength and a possible explosion of interest in the near future.
I have underlaid both timelines of the price and the Google trend to match, and we can clearly see that when the search trend rises, so does the price which shows a strong correlation.
All of my other cycle analysis shows that May/June time could see higher prices, so you could say this is a sneak peak or confluence to other indicators.
Let me know what you think in the comments below what you think. Does Google trend holds any weight? Do you think this wedge pattern and break out could lead to anything big?
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BITCOIN The 2021 Pivot trend-line that is coming to its rescue.Bitcoin (BTCUSD) has stayed stable after last week's rebound on the 1W MA50 (blue trend-line), which has been the level that offered support on the Bull Cycle Channel's previous Higher Low (August 05 2024).
Technically however, that is not the only major Support level that may be coming to BTC's rescue as we've identified the Pivot trend-line that started on the April 12 2021 High as a Resistance and since then made another 2 contacts (as rejections). This is the first time now that is being tested as Support.
During the previous Cycle (2018 - 2021) a similar Pivot trend-line was the level that supported Bitcoin during the last year of its parabolic rally on January and June 2021. The June 2021 contact in particular tested the 1W MA50 as well, which is the exact situation we're in right now. That double support hold initiated the final rebound towards the Cycle's new All Time High (ATH).
Check also how similar the 1W CCI patterns between the two fractals are and based on that, a 1W CCI reading at 200.00 would be a solid level to sell and take profit. As a result, we expect this Cycle's Channel Up to accelerate the current rebound, technically its Bullish Leg and make a new ATH, which would be the Cycle's new Top, ideally with a CCI at 200.00.
So do you think this cyclical Pivot trend-line is coming along with the 1W MA50 to BTC's rescue? Feel free to let us know in the comments section below!
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BTCUSD: This isn't the Top by any meansBitcoin remains slightly bearish on its 1D technical outlook (RSI = 41.137, MACD = -3097.700, ADX = 33.471) as even though it appears its trading on a macro bottom, just over the 1W MA50 (1W RSI = 45.068), it hasn't broken out yet. The market undoubtedly took a psychological hit with February's drop but despite the voices calling for a new bear market, we are here to show you why this Cycle hasn't topped yet and is still far from doing so.
This metric measures BTC's temporary stops/ tops during a Bull Cycle. It is a Halving-to-Halving method, starting on the most recent Halving and ending on the next one. Stop 1 is where the starting Halving takes place and the market pulls back. Stop 2 is the next pullback on the 0.236 Time Fibonacci level. The 0.382 Fib prices Stop 3 and basically the Cycle Top. This has been happening on both previous Cycles exactly as described and on the 2012-14 Cycle it just had to be adjusted a little before the 1st Halving due to the Cycle being much shorter since it was the earliest. Nevertheless, it fits the Stop points perfectly.
Note also that distance from the Halving (Stop 1) to Stop 3 has always been 76/78 weeks. This suggests the we can have a new Cycle Top by October 20th 2025 the latest.
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