BITCOIN on Daily ChartThis analysis suggests that Bitcoin completed a major cycle in November 2022 and subsequently began an upward trend, characterized by an extended Wave (3) of the Intermediate degree, following Elliott Wave Theory principles. A recent breakdown below the Minor Wave 4 indicates a potential retracement. The analysis identifies a key retracement zone at approximately 61.8% of the previous upward move, potentially representing the Wave ((2)) of the Primary degree. This level is crucial for observing potential support and a trend reversal.
Disclaimer :
Not Financial Advice : This analysis is for informational and educational purposes only. It should not be construed as financial advice or a recommendation to buy or sell any cryptocurrency.
Market Volatility : The cryptocurrency market is highly volatile and subject to rapid and unpredictable price swings.
Risk of Loss : Trading and investing in cryptocurrencies involve substantial risk of loss. You could lose some or all of your invested capital.
Independent Research : You should conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions.
Cryptocurrency
UniversOfSignals | TAO, an AI-focused cryptocurrency currentlyLet's take a quick look at TAO, an AI-focused cryptocurrency currently with a market cap of $138 million, ranked 36th in the coin market cap.
🥸 In the 4-hour timeframe, we are observing a descending range pattern with significant resistance at the area around 477. Every time the price attempts to rise, it gets rejected from this level. Recently, the support at 345.9 was broken, and the price has dropped to a lower level, reaching the support at 306.9.
⭐ The RSI oscillator has exited the oversell zone after completing a bearish leg and has returned to the normal range. The market volume appears to be decreasing, which is common on weekends.
🕯 If the support at 306.9 breaks and the RSI enters the oversell zone again, we could witness the next bearish leg down to the support at 265.2. If the price ranges today and tomorrow while the market volume is low and then breaks this support at the start of the new week, this breakdown would be more credible.
📈 As for long positions or buying, we need to wait until this bearish momentum exits the market and the price establishes a new structure. Therefore, I cannot provide a specific trigger for long positions at the moment.
TradeCityPro | MKRUSDT 70% Move?👋 Welcome to TradeCityPro Channel!
Let's analyze and review one of the best coins in the DAo area together and find another entry point together and update our previous triggers
🌐 Overview Bitcoin
Before starting today's altcoin analysis, let's look at Bitcoin on the 1-hour timeframe. Since yesterday, Bitcoin experienced a correction, which was necessary for the market, and it pulled back to the 102135 range. The next trigger for a long position will be a breakout above 104714.
Yesterday's correction, coupled with an increase in Bitcoin dominance, caused noticeable declines in some altcoins. This highlights the importance of monitoring BTC pairs in your checklist these days.
MakerDAO’s sharp increase in fees and growth in Total Value Locked (TVL) has fueled demand. On February 20, $156.77 million of MKR was burned, reducing supply. Growth in active addresses and trading volume has driven the price higher. Strong resistance at $1,800 may limit further growth. MakerDAO’s emergency offering has raised concerns about $3.1 billion USDC exposure.
📊 Weekly Timeframe
In the weekly timeframe, the token has seen a 95% gain on the coin, which is a good sign in these market conditions!
Also, in this timeframe, we are in an opening triangle, which is characterized by high volatility, and we are constantly moving towards the bottom and top of this triangle, regardless of the ceiling and floor or support and resistance, and the exit from this triangle will also be sharp.
In this timeframe, we did not have a trigger in advance to say that we could buy or anything else, and it moved very sharply. If you lose, it is normal and do not blame yourself and your strategy.
After exiting this triangle and breaking 2.182, we can have a good trigger to buy, and for now, if you bought and held during this fluctuation and are in profit above 50%, it is logical to save profit, but if you did FOMO and bought, it is better not to continue trading and be busy watching the tutorial for now.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends!
ETH ANALYSIS🚀#ETH Analysis :
🔮As we can see in the chart of #ETH that there is a formation of Descending Channel Pattern in #ETH. As we know crypto market is bearish then we could expect more bearish move in alt coins then after that a bullish move could be expected
🔰Current Price: $2229
⚡️What to do ?
👀Keep an eye on #ETH price action. We can trade according to the chart and make some profits⚡️⚡️
#ETH #Cryptocurrency #TechnicalAnalysis #DYOR
Did Bitcoin Just Trick the Bears? RSI Says Yes!Bitcoin's recent price action suggests a potential bear trap, as the price sharply dipped below a key support zone before rebounding. The sudden breakdown may have triggered panic selling, but the rapid recovery and bullish divergence on RSI indicate that this could have been a false breakdown designed to shake out weak hands before a stronger upward move.
The price is now reclaiming levels above the previous demand zone, signaling a possible reversal. If Bitcoin sustains momentum and reclaims the $90,000 region, it could invalidate the bearish breakdown and push toward new highs.
Phemex Analysis #63: Riding the Storm of BTC’s DropThe crypto market never sleeps, and neither does Bitcoin’s legendary volatility. From euphoric rallies to gut-wrenching drops, Bitcoin continues to test the nerves of traders worldwide. Now, with BTC hovering in the low $80,000s, many are asking: Is this the beginning of a deeper correction, or the perfect setup for the next big opportunity?
Professional traders don’t just watch the market; they capitalize on it. While many fear a price drop, seasoned market participants know that volatility breeds opportunity. Whether Bitcoin tumbles further or stabilizes, there are multiple ways to navigate and profit from its price movements.
1. Short Selling – Profiting from the Fall
Bitcoin is experiencing high trading volume and a low RSI, signaling strong bearish momentum with no immediate signs of reversal. When the market trends downward, skilled traders can capitalize by strategically shorting BTC.
To execute this strategy, traders should initiate short positions to profit from BTC’s continued decline. Proper risk management is essential, with the $87,060 resistance level serving as a key point for setting a stop-loss to minimize potential losses.
For profit-taking, key support levels to watch include $75,000, where Bitcoin historically tends to bounce after a 25% drop, $66,814, a known demand zone where reactions from buyers are likely, and $58,917, a critical level that, if broken, could signal a more extended bear market.
Noted that this strategy is best suited for advanced traders who can time their entries effectively and manage risk appropriately.
2. Grid Trading – Automating Profits in Volatility
Even in a downtrend, Bitcoin rarely moves in a straight line. Price oscillations near major support levels create opportunities for frequent small profits, making it an ideal setup for grid trading bots. By deploying these bots, traders can automate buy and sell orders at predefined price intervals, systematically capturing gains from Bitcoin’s price swings.
The key to success in grid trading is identifying strong support levels where Bitcoin exhibits frequent bounces. Setting up a trading grid near critical levels like $75,000, $66,814, and $58,917 allows the bot to execute buy orders on dips and sell orders on small recoveries, profiting from volatility even during a broader downtrend.
While this strategy is effective in choppy markets, it requires careful adjustments. If Bitcoin breaks below support with high volume, traders must reevaluate grid placement or temporarily pause the strategy to avoid excessive losses.
3. Dollar-Cost Averaging (DCA) – Playing the Long Game
For long-term Bitcoin believers, every dip presents an opportunity. Instead of trying to time the exact bottom, DCA allows traders to accumulate BTC gradually at lower prices, reducing overall entry cost and minimizing exposure to short-term price swings.
Setting up recurring buy orders near or slightly below key support levels ensures steady accumulation. Allocating a fixed percentage of capital to these entries helps maintain discipline and prevents emotional trading.
Over time, as Bitcoin recovers, the lower cost basis translates to greater long-term gains. While this strategy requires patience, it remains one of the most effective ways to build a strong position in Bitcoin without being affected by daily price fluctuations.
Final Thoughts – Turning Fear Into Opportunity
Bitcoin’s latest dip isn’t just a test of nerves—it’s an opportunity for skilled traders to make strategic moves. Whether shorting the downtrend, trading the volatility with automation, or accumulating for the long haul, each strategy offers a unique way to profit from market conditions.
Short selling takes advantage of continued bearish momentum, grid trading systematically generates profits from price fluctuations, and dollar-cost averaging builds a solid long-term position.
By applying disciplined risk management and adapting to market conditions, traders can turn Bitcoin’s volatility into a profitable advantage rather than a source of uncertainty.
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.
Cryptocurrency and Stocks will DecoupleI still remember the AI saying that NVDA was going to 320 "in the near future." This was back in June 2024. No matter when you asked the AI, its only prediction would be up, it couldn't make an analysis based on the data coming from the chart. The program wasn't very intelligent, that's what I concluded.
I disagreed. NVDA is going down and this is now fully confirmed.
We are seeing a very long distribution phase and the crash is now taking place.
Ok, but what about Bitcoin?
Bitcoin will decouple from traditional markets, just look at the news.
While Cryptocurrency is due a generational bullish wave, the stock market is due a generational retrace.
I honestly don't know how the stock market will perform but I can look at individual charts. NVDA is bearish and going down strong.
NVDA, TSLA, the SPX, the NDX and Crypto are not the same. These are two completely different monsters.
The SPX and NDX is landline.
Crypto is free wireless internet for all.
The SPX and the NDX is centralization and control.
Bitcoin is decentralization, innovation, technology and freedom.
Times change.
The stock market will recover and it is sure to continue growing long-term.
Will the establishment let it crash or will they jump in and pump it up?
I don't know. But NVDA is bearish and going down. What one does, the rest follows.
But, what about Bitcoin? Bitcoin is going up.
It is very simple. They will decouple, they will not move together anymore. Many, many Altcoins are trading at bottom prices, many stocks are trading high up.
The giant stocks will crash, while the Cryptocurrency market goes up. This is one more of the reasons why we are about to experience the biggest bull-market in the history of Crypto.
People are evolving, the world is changing. We are changing from centralized monopoly money, to a free decentralized technology that is available for all.
Money is not the paper, the shiny stone or the codes; money is what we decide to use for the purpose of exchanging value.
At one time, salt used to be money as well as cows. Sea shells, glass and cacao are also on the list. People used to use these things as money.
The argument that Bitcoin has no value is obviously flawed. If you want to buy a Bitcoin you have to pay a price, that's value, nothing more.
If we decide to use something as money, it becomes money.
Bitcoin is money for the new generation.
The old generation dies out and a new one takes its place.
Life will continue to evolve and money will do the same.
Now it is Bitcoin, later down the road it will be something else. But Bitcoin has value, it is really expensive and it will continue to grow.
After the crash, NVDA will recover for sure.
Namaste.
Litecoin Could Triple Against Bitcoin (LTC/BTC)As much as crypto annoys me these days, I can't help but still pay attention to this wild market.
There are some red flags - a lot of uncertainty and major paradigm shifts apparently looming on the horizon. Bitcoin has really slowed down, when it comes to price increases and volatility. It's also now associated with political polarization, as it has been predictably co-opted by wealthy interests, aimed at centralizing financial control and surveillance. Nevertheless, cryptocurrencies chug along.
I'll admit, I've always liked Litecoin. Maybe it's because it was the first cryptocurrency I bought where I realized, hey, Bitcoin isn't the best at what it's supposed to do. It was a lot faster and cheaper, and remains a preferred medium of exchange for crypto transfers. This is evidenced by its growing number of active addresses, when compared with Bitcoin's stagnation.
bitinfocharts.com
bitinfocharts.com
Bitcoin's growth has stagnated, when it comes to its use as a transfer of value, whereas Litecoin continues to grow slowly. Litecoin's active addresses are also only about 50% less when compared with Bitcoin, making its "adoption" not all too far behind.
Of course, there are probably many flaws with Litecoin, as there are with cryptocurrencies as a payment method in general, but when you look at the current crypto market cap and how much Litecoin is actually used, it seems to be undervalued when compared to all the other fluff out there.
It just works. Its max supply is also only 4x that of Bitcoin. It's unlikely to ever achieve a market cap similar, but even if it it goes 4x from here in USD terms (taking it just above its past ATH), its market cap would be the same as Dogecoin, around $37B. That's honestly pretty funny to me.
The only thing I like about crypto is that it's marginally better than a lotto ticket. Maybe if things get even more dystopian, owning some crypto isn't a terrible idea. Things are absurd as it is. I don't like it, but that's how things have been going.
For some quick technicals. Litecoin is on its strongest tear against ETH since 2018:
Litecoin also broke down from a major uptrend against the USD a while ago, but if it gets back in (currently above $170ish), it could fuel a pretty explosive rally.
Based on the above LTC/BTC chart, there is room for a pretty large upside correction.
HOWEVER, it's important to keep in mind that markets are fragile overall right now. If Bitcoin makes a sizeable correction, back down to $70-80k or deeper, Litecoin may drop down to some lows not seen in some time. It's also important to remember that serious upside for Litecoin has previously occurred near market tops.
This is not meant as financial advice! This represents my opinion and feelings about the markets, which are always evolving.
-Victor Cobra
TradeCityPro | LTCUSDT Let's go for spot buying?👋 Welcome to TradeCityPro Channel!
Let's go together to analyze and review Litecoin analysis, one of the oldest coins in the market, and let's go to update the triggers of the previous analysis!
🌐 Overview Bitcoin
Before starting today's altcoin analysis, let's look at Bitcoin on the 1-hour timeframe. Since yesterday, Bitcoin experienced a correction, which was necessary for the market, and it pulled back to the 102135 range. The next trigger for a long position will be a breakout above 104714.
Yesterday's correction, coupled with an increase in Bitcoin dominance, caused noticeable declines in some altcoins. This highlights the importance of monitoring BTC pairs in your checklist these days.
📊 Weekly Timeframe
On the weekly time frame, it is one of the coins that is in a good position compared to the coins and has had the least correction in recent declines and is in this position due to the possibility of ETF approval
There is no need to complicate things in this time frame and after the break of 136.45, we will buy and be above 98.44. This trigger is valid and we do not have much of an exit trigger for the conditions of these days on this chart and for now it is better to continue holding
📈 Daily Timeframe
On the daily time frame, we are also in a good position and we had a good return after the recent market decline due to the Bybit hack and Trump's tariffs and this is a good thing!
After breaking the 75.01 level and exiting the daily box and breaking its ceiling, we moved up to the resistance of 136.45 and are now fluctuating between the 98.44 to 136.45 boxes.
We also had a curve line in this time frame that was a good support for this event and every time we hit it, we made a good move upwards, but after its failure, it can be said that the upward trend moved into the range and went to form a new structure.
To buy spot after the 136.45 trigger is broken, we can buy for spot with a stop loss of 98.44 and as long as we are above 114.38, the 136.45 trigger is very important for us and it shows us more the strength of buyers and in case of a 98.44 break, we will go for 89 and 80 and we will have a price correction.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends!
Long Signal Entry for ACH/USDT
Based on the daily chart for ACHUSDT on Bybit, here's a concise analysis:
MLR vs. SMA: The MLR (blue) is above the SMA (pink), indicating a bullish trend.
MLR vs. BB Center: The MLR is above the BB Center Line (orange), suggesting bullish momentum.
PSAR: The PSAR dots (black) are under the price, confirming a bullish trend.
Price vs. SMA 200: The price is above the 200-period SMA (red), supporting a long-term bullish trend.
Current Strategy: Since all entry conditions for a long position are met (MLR above SMA, MLR above BB Center, PSAR under price, price above SMA 200), you might consider entering a long position. You can enter now or wait for the close of the day, depending on your availability. Waiting for the close of the day would be preferred to confirm the trend.
Stop Loss (SL): Set the stop loss at the current level of the PSAR dots to manage risk.
Monitor My Idea: Keep monitoring my idea for any changes in trend or potential profit-taking opportunities.
LTC/USD Secondary trend (part). 09 12 2023Logarithm. Time frame 1 day. Part of the secondary trend. Channel to work, price consolidation in its lower part. A high probability of an upward exit from it. Key levels are shown by arrows. Percentages for clarity and target orientation similarly.
This is how it looks like on a line chart without "market noise". .
Double bottom with a flat top in an accumulation channel. Post-halving time.
A local uptrending channel that has a double bottom with a flat top. This is a strong bullish pattern that says price is (this accumulation zone) at the lows of the trend initiation. The last cycle after the capitulation (end of the participation phase) of all liquid instruments (this is important) began with this structure, which is a display of the actions, first of all, of large market participants that have an impact on pricing (holding). For example, look at the bitcoin 2020 chart and this structure. Similar to what happened on LTC a few months after the halving.
Major trend. Cycles. Super profits.
LTC is a cryptocurrency that has survived many cycles and has not depreciated completely, although it can be seen that the capitalization and leadership positions are not able to compete with the new 2 cycle HYIP giants.
From the position of the cycle before last (distributions, i.e. highs) 2017, this cryptocurrency is on a big super profit. There are very few cryptocurrencies in the crypto market that are in their main trend in an uptrend and are on super profits relative to previous cycles. LTC is one of them. As a rule, the opposite is true. It is clear that the main major holders in most cases for such a long period of existence in the crypto market, LTC has already been repeatedly changed. But with this logic of the price chart, which is displayed on a long history and on a large time frame, should be considered and taken into account in its risk management.
Major trend. Time frame 1 month.
LTC/USD Main trend. Halving. Cycles The psychology of repetitionMain trend. The graph is logarithmic. The timeframe is 1 month. This idea is relevant both for understanding the secondary trend work and as a training in simple cyclic, logical manipulation processes. Note also the halving of the LTC and the designated time zones between cycles.
The primary trend is an uptrend in which a huge butterfly is forming (forming part 2)
Secondary trend is a downward channel.
Local trend in the secondary trend is a wedge.
Coin in the coin market : Litecoin
The chart is taken from the Bitfiniex exchange, I used it because of the long price history (the coin has been traded on this exchange for a long time). Of course, the chart is relevant for all exchanges with liquidity. The coin and the pair are liquid, it is acceptable to set large positions. The price behavior is predictable. Ups/Downs are similar. Let's consider them below.
Everything is unpredictable only for absolutely predictable people, it always was, is and will be.
Same time frame on a line chart (no market noise, pure trend direction)
A close-up of this area on the line chart.
And this area on the candlestick chart.
What matters is the average buy/sell. Approach the market regardless of the size of your deposit as a major market participant. Stop thinking like a "hamster". You don't need to guess, you need to know and be prepared for any outcome, even unlikely scenarios.
Psychology of behavior in the market.
Expectation. Reality. "Stop-loss resets. Cyclicality of predictable behavior. .
Predictable price behavior. "Knockouts" of obedient (acting by the rules) and naughty (acting on emotion) fools are as logical and predictable as anything else everywhere else. Increase your knowledge and experience, and it won't affect you.
Remember, theory without practice is nothing. Real trading is very different from theory, you should understand that. That's why all "programmed traders" lose money or their earnings are quite modest.
You should not ask anyone where to buy/sell this or that crypto-asset. You should initially know yourself under what conditions you will buy and under what conditions you will sell.
Past "stop-losses" before secondary trend reversals .
Secondary trend reversal zones and "takeout" before pullbacks in 2019 (+450 average) and 2021 (+900% average).
Candlestick chart. 3-day timeframe. Fear peak zones.
Line chart. Three-day timeframe. Fear peak zones. (without market noise).
As we can see, this "fear peak" on the line chart evaporates, all these local "super resets" have no effect on the trend. It's just the "death of hamsters." The capitulation of human stupidity and greed. You can add predictability and submissiveness to this. The train always leaves without such marketable characters.
Such always sell (fear) at the lowest prices, shortly before the trend reverses. It is worth adding that they buy at the highest prices "at the behest" of the pump to get fabulously "rich. This makes the cryptocurrency market super profitable. Such fuel is the basis of profit. "Market fuel flows" lend themselves to cycles.
Price management is the psychology and manipulation of people's minds through basic instincts through price values. All of this is real and as old as the world. A foolish person keeps stepping on the same rake, each time telling himself that this is the last time, or this is a special case.
This "last case" must be repeated systematically, but in different conditions that you create. Your effectiveness depends on how masterful you are at forming such obsessive thoughts in the mind of such market characters.
Fundamentals of Trading. Trading strategy. Capital management. Price forecasting.
It is your trading strategy and money management, based on your experience, that is the basis of trading, not guessing the price. But guessing is what most people want. Such people should have no money. As a rule, such people in real life are very poor, do not have their own business, go "to work" (do not want to take responsibility).
They think real life doesn't give them many resources, but market speculation will quickly make them fabulously rich. Rather the opposite is true. Total impoverishment regardless of the direction of the trend due to the reinforcement of destructive qualities of a person with financial instruments. The behavior of such people in the market is a projection of what they are like in real life.
The behavior of people in financial markets is a projection of what they are in real life. That is, their positive and negative psychological qualities. You can't run away from yourself. A stupid person will be overtaken by his own stupidity, a greedy person by greed, an intolerant person by intolerance, an indecisive person by indecision, an irresponsible person by irresponsibility.
Such will be punished by their own destructive qualities. The main thing is that the victim draws conclusions from this and it is an incentive to correct the root cause and basis of the failures, rather than looking for the culprit of his own stupidity in "random events" and other people.
You guessed once, second time, third time zeroed in and hit your own self-confidence with your own stupidity and predictability. Consequently, all your previous guesses at the distance equals zero.
Trading is a probability game. It is impossible to guess everything because of the many components of pricing. It is possible not to guess, but to know the more and less potentially realizable probabilities because of certain market conditions.
No one knows the exact future, there is only an assumed more likely future and the work that leads to it.
The basis of profit/loss is what you are in the here and now. Your knowledge and experience are projected onto the chart. The symbiosis of these two parameters makes or loses money in practice.
Read these 6 points carefully:
1) The first problem most marketers have is that everyone wants to get a lot of money in the moment and, most importantly, without effort. That's what most people want, so it's not rational or dangerous to satisfy their desires.
2) The second problem is that they can't be "out of the market" until they find a good entry point. "Fear of missing out" does its destructive work.
3) The third problem is, of course, the disease from "childhood," which manifests itself in adulthood. People begin to collect various crypto coins, endowing them with different values according to their beliefs and, above all, their desires.
4) The fourth problem is greed, insatiability combined with inexperience. People don't want to protect their profits, they want more and more and more and more and more, eventually from greed and inexperience they completely (more greedy) or partially (less greedy) nullify themselves.
5) Lack of knowledge and experience. Lack of desire to develop and learn. The less experienced a market participant is, the more confident he is in his competence and "screams text".
6) The sixth most serious problem - laziness. It manifests itself in the fact that few people want to work, everyone wants to have.
Under ideas are captured my trading ideas for this trading pair over the past 3 years. Most of them are previously closed trade ideas. There are 3 learning ideas that I have shown on this trading pair (based on publicly published simple trading ideas) .
Correction period of BTCAs of now i can see here in 1D chart market has broke its FIB level (0.236) 87,500$ , so there is a high probability that it may touch its next level which is (0.382) 73,750$ after its retest (91,000$ - 87,000$) region. After that market may show a NEW HIGH, but for that it should respect its next level (0.382) 73,750$. Which is also it's weekly Support level.
This is my opinion which may differ from yours.
Thank you.
70K doesn't look impossible nowMorning folks,
So, our trading plan worked just great - DRPO on weekly in fact hit 81-82K, so it's minimal target is done.
In fact, BTC, as a Gold now are victims of massive sell-off on stock market. Investors meet margin calls and urgently need cash to fill it back to initial level. That's why they sell everything that they could to get the money. While this process will be underway - BTC remains under pressure. Not occasionally as insiders as Buffett were sitting on cash bags.
Today BTC is oversold. So we do not consider any new shorts and prefer to get the rally to sell into. Supposedly 92.50-92.85 resistance looks interesting for this.
As market probably will close below Dec lows, this is bad for long-term picture and former 70K top might be re-tested in perspective of a few weeks.
GET READY FOR THE DIP BUYING TO + $0,14 AGI/USDT WITH GOLDEN ->Depending on our Study is this at this moment the best Dip buying for the recovery to up $0,14
Our focus target short term $0.1 which can be followed by a break of $0,14
BTC has seen a huge breakdown since the last trends.. Between 20:20 and 02:25, the time frame can be important for this coin to build a new cycle volume.
Let's watch the coming and see if this expected golden break will happen.
BTCUSDTHello Traders! 👋
What are your thoughts on BITCOIN?
Bitcoin sharply dropped to the identified support level and the bottom of the drawn channel after breaking the $94,000 support zone.
In this area, we expect a bounce toward the next resistance level an the top of the channel.
After reaching this resistance, price action should be closely monitored to determine whether Bitcoin can break above or face rejection.
A short-term recovery is likely, but the key decision point will be at the resistance level, where we need to assess the strength of the bullish move.
What’s your view on Bitcoin’s next move? Will it break through resistance
Don’t forget to like and share your thoughts in the comments! ❤️
BITCOIN hit the MA200 (1d)! Massive Support, strong rebound veryBTCUSD is trading inside a Channel Down pattern, which almost hit today the MA200 (1d).
The last time Bitcoin traded on this level was October 14th 2024.
Technically, this is not just a short term Channel Down bottom buy signal but also a long term buy opportunity for the remainder of the Bull Cycle.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 99000 (+22.48% rise like the previous bullish wave).
Tips:
1. The RSI (1d) is massively oversold, dipping below 30.00 for the first time since the August 5th 2024 bottom. This is a massive long term buy signal.
Please like, follow and comment!!