Cryptotrading
Is #LTO Ready for an Explosive Move or Another Trap Ahead? Yello Paradisers! Are you watching how #LTO is quietly tightening within a triangle while the rest of the market looks away? This might just be the last moment of silence for #LTONetwork:
💎#LTOUSDT is currently consolidating within a clean symmetrical triangle, wedged tightly between a descending resistance and an ascending support trendline. This pattern has already seen multiple touches on both edges, suggesting price is nearing the point of decision.
💎What makes this formation more compelling is how #LTOUSD is holding just above the immediate support at the $0.0371 zone and 20EMA is also acting as support. This area has acted as a launchpad twice already, keeping bullish hopes alive. Price is once again pressing against the upper boundary of the triangle, increasing the odds of a breakout on the next attempt.
💎If bulls manage to push above the descending resistance and we see a confirmed breakout with strong volume, the first upside target sits at $0.0533, which is a key short-term resistance level. From there, momentum could carry the price toward $0.0598, where a strong historical resistance lies based on the volume profile.
💎However, the bullish structure is clearly invalidated on a break below $0.0321. Any decisive move under this support zone would shift the short-term outlook in favor of the bears, potentially opening a path toward lower support.
Discipline, patience, robust strategies, and trading tactics are the only ways you can make it long-term in this market.
MyCryptoParadise
iFeel the success🌴
BTC Short Locked – FVG + 79% Fib = Liquidity Grab Incoming📉 BTCUSD | 1H Smart Money Short – Premium Rejection in Play
Bitcoin just tapped into a nasty supply zone that aligns with:
🟥 Fair Value Gap (FVG)
🔻 79% Fibonacci Retracement
💥 Previous Breaker Block Zone
🧠 Clean Internal Liquidity sweep
🚩 Structure still bearish – no HH
🔍 1. Market Structure Breakdown
Price broke down aggressively from the top (early signs of redistribution)
We’re now retesting the FVG + OB zone
No candle close above the Strong High = still valid bearish context
🧱 2. Zone Confluence
📍 FVG (Fair Value Gap): Imbalance created during impulsive sell-off
📍 OB + Breaker: Strong resistance holding inside 70.5%–79% retracement
📍 Strong High: Still protected
📍 Weak Low: Below = prime target for liquidity sweep
Price kissed the edge of that 79% Fib and immediately rejected = 🔥 confidence for a swing short
🎯 3. Trade Plan
Entry: Around 110,800 (inside FVG zone)
Stop Loss: Above 112,400 (Strong High)
Take Profit: 105,248 (below Weak Low liquidity)
⚖️ 4. RRR (Risk-Reward Ratio)
📥 Entry: 110,800
🔒 SL: 112,400
💰 TP: 105,248
✅ RRR ≈ 1:3.5
Solid asymmetric setup with clearly defined structure, inducement, and imbalance = Smart Money textbook trade.
📉 5. Why This Works
Retail longs are entering late = exit liquidity for big players
Price filled the FVG but failed to break structure
Weak low below is clean AF, likely to be swept for continuation
1H/4H alignment = high conviction short
💬 Type "SHORTED BTC 💥" if you saw this setup before the drop!
📌 Bookmark this – confluence stacking is how you win consistently
👊 Share this with someone still buying the top 📈🙃
BTCUSD: Urgently needs to break above this trendline!Bitcoin is bullish on its 1D technical outlook (RSI = 65.624, MACD = 4011.100, ADX = 25.476) but not overbought anymore as the aggressive weekly rallies since the 1W MA50 rebound have been decelerated. The next heavy obstacle is the HH trendline that runs on top of the January 20th 2025 and December 16th 2024 Highs and got hit last week. So far the price hasn't crossed above it but it needs to urgently in order to avoid a rejection with snowball effects.
The last time Bitcoin faced a similar HH trendline Resistance was on the October 23rd 2023 1W candle and it succesfully smashed through it, completing a +79.23% rise before consolidating again. If it breaks again above it, we expect the same minimum rally, which gives us a TP = 133,500.
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Bitcoin : Impulse up or Flat Trap!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
BTC has staged a solid move off the May 25 low — but the context matters. We’re facing two distinct, high-stakes scenarios here: one bullish, one bearish. What happens next hinges on whether the May 25 rally is the start of a new impulse or the final leg (C wave) of an expanded flat off the all-time high.
Structure Breakdown
Bearish View: We’re completing a textbook expanded flat from the ATH:
A wave started May 23
B wave pushed to a lower low.
C wave began May 25 and is likely wrapping up now
If valid, this sets the stage for a powerful Wave 3 down.
Bullish View: The May 25 low marked the end of a corrective phase:
Rally from that low is an impulsive Wave 1
A pullback to the 108k golden zone would represent Wave 2
Wave 3/C up could follow from that base
What to Watch
The area around 108,000–107,100 is a magnet. If price retraces into this zone with a corrective look and holds, bulls could be in control. But if we roll over hard from here, it supports the expanded flat thesis — and a much deeper move likely follows.
Outlook
This is a moment for sharpen focus. The chart structure is clean, but the outcome isn't binary until we see what kind of retrace (if any) forms.
Watch 108k like a hawk. If bulls defend it, there’s room to talk new highs. If we break impulsively from here, expect acceleration lower — fast.
Trade safe, trade smart, trade clarity.
ADA Is Approaching a Trap Zone ? Yello Paradisers, are you watching how ADA is slowly coiling up near a crucial level while pretending nothing’s happening? Don’t be fooled — this is the calm before the storm, and the next move could wipe out the unprepared.
💎#ADAUSDT is currently respecting a well-established ascending channel. We’ve already seen three meaningful reactions at the ascending support, each triggering fresh bullish momentum. At the same time, the price is pressing just above a key demand zone around the $0.73–$0.74 region. This level remains absolutely critical for the bulls to defend if the structure is to remain intact.
💎What adds strength to this setup is #ADA’s current trading position above both the 50 EMA and 200 EMA on the daily timeframe. This reinforces the short-to-mid-term bullish bias. The 50 EMA is starting to slope upward, signaling that momentum could be gradually building, while the 200 EMA sits well below as solid structural support.
💎As long as the price continues to respect the ascending support line and stays above the demand zone, we expect a continuation move toward the $0.8728 moderate resistance. A successful break and close above that could open up the next leg toward $1.0011, where a strong supply zone sits waiting.
💎The real danger lies below $0.6495. A daily close under this level would not just invalidate the current setup it would completely shift market structure and expose ADA to deeper downside, likely towards the $0.60 area or lower.
Discipline, patience, robust strategies, and trading tactics are the only ways you can make it long-term in this market.
MyCryptoParadise
iFeel the success🌴
BTCUSDT – Reaccumulation Breakout or Bearish S/R Flip?Timeframes: 1W • 1D • 4H
Structure: Wyckoff Reaccumulation nearing Phase E — but ATH is acting as resistance
🔹 WEEKLY OUTLOOK: Macro Structure Points to Markup
Last weekly candle closed above the reaccumulation Buying Climax (BC), showing bullish intent
Weekly upper Bollinger Band is rising toward 113k
RSI at 67, strong but not overbought
Structure suggests we’re entering Wyckoff Phase E
Weekly Targets:
🟢 TP1: 113,049 (Upper BB)
🟢 TP2: 116,199 (measured move)
🟢 TP3: 118,237 (Fib 0.66 extension)
🔹 DAILY OUTLOOK: Still Holding Above Reaccumulation Range
Multiple daily closes above the BU (backup) zone, but all below 110k ATH
RSI is strong (~66), and price is tracking near the upper BB, but volume is not convincing
Until a daily close above 110,000, breakout remains unconfirmed
🔹 4H OUTLOOK: Structure Valid, Momentum Rising
BU zone held; price made two lower lows followed by a higher high
RSI has reclaimed 57+, and volume is picking up modestly
4H structure looks like an early Phase E breakout attempt, but...
⚠️ Caution: Is This a Bearish S/R Flip?
While the broader Wyckoff structure suggests a transition into markup, we must also consider the bearish scenario:
BTC may be failing a support/resistance flip at 110k
All timeframes have rejected at or below 110k, despite multiple attempts
If we see a lower high under 109k + 1D close below 105,863 with red volume and RSI < 45 → this becomes a confirmed bull trap
📊 TL;DR:
BTC is structurally bullish — but we are at the final test zone.
🔓 Breakout confirmed: Daily close above 110k
🔒 Failure confirmed: Close below 105,863 + red volume + RSI breakdown
Stay nimble. This is either the last shakeout before markup… or the top of the range before reversal.
#Bitcoin #BTCUSDT #Wyckoff #CryptoTrading #TechnicalAnalysis #Reaccumulation #Breakout #SupportResistance
ETH Trap & Drop Setup – OB Rejection + Bearish Channel📉 Ethereum (ETHUSD) | 1H SMC Breakdown | Bearish Setup Explained
Another clean setup for the SMC gang. ETH just gave us a beautiful opportunity, respecting market structure, reacting to Order Block supply, and aiming to clean up sell-side liquidity. Let’s dive in 👇
🧱 1. Structure: Bearish Channel Formation
ETH has been moving in a tight bearish channel, producing:
Lower highs (confirmed supply zones)
Lower lows (liquidity grabs + structure breaks)
This shows consistent bearish pressure.
🧊 2. Premium OB Tap + Rejection Zone
Price just retraced into a Bearish Order Block sitting in the Premium zone, right around $2,514.
💥 OB zone is aligned with:
Upper channel resistance
Supply rejection
Clean inefficiency fill
Price wicked inside and immediately rejected = Smart Money active.
🧠 3. Retail Psychology Trap
Retail likely:
Longing support bounce
Placing stops under structure lows
Not respecting OB/imbalance narrative
Meanwhile, Smart Money:
Enters short from OB
Targets imbalanced zones
Eyes the $2,270 weak low
🎯 4. Liquidity Pool & Final Target
🔻 Target Zone: $2,270
This level is:
A weak low (high chance of being swept)
Sits at lower channel boundary
Acts as a liquidity magnet
Expect price to accelerate as it approaches this zone.
⚔️ 5. Trade Plan (Short Setup)
📍 Entry: $2,514 OB Zone
🔐 Stop Loss: Above $2,582 (structure break + OB invalidation)
🎯 Targets:
TP1: $2,460
TP2: $2,400
TP3: $2,270
⚖️ RRR: ~1:4+ – high precision trade
🧠 Key Concepts in Play:
Order Block Rejection
Premium Pricing Sell Setup
Bearish Channel Continuation
Liquidity Sweep Targeting
📌 Chart Summary:
"Don’t chase candles – follow the narrative. OB tells the story, liquidity gives the profit."
📚 Study the OB zone reaction. These setups repeat every week across assets if you know what to look for.
💬 Drop “ETH OB SNIPER” in the comments if this is your kind of entry.
📈 Tag a trader who needs to stop fading Smart Money moves!
BTCUSD: Inside Bar Trap + Order Block Rejection Targeting $102K📉 Bitcoin | SMC Breakdown | 1H Chart
Welcome to a clean Smart Money setup, where retail gets baited and Smart Money gets paid. Let’s break down what’s happening on BTCUSD, 1H chart, using multi-timeframe confluence and Smart Money Concepts. 👇
🗓️ 1. Daily Chart Confluence
We start with a Daily Inside Bar Pattern – a classic continuation setup, often used by institutions to trap traders before expansion. BTC ranged tightly, then broke to the upside to grab liquidity, not start a rally.
🟥 Daily High = Liquidity Pool
🟧 Inside Bar Range = Manipulation Zone
This is the trap zone.
🧱 2. Order Block Rejection (1H)
Price tapped a clearly defined Bearish Order Block in premium pricing, just above the mid-range of the Inside Bar.
💥 Reaction confirmed:
Rejection candles from OB
Structure respecting downside bias
Fakeout = Fuel for downside expansion
📉 3. Bearish Continuation Structure
Price is moving within a descending channel, respecting internal supply zones. Each lower high is met with supply pressure, and internal lows are swept before moving lower.
You’re looking at a high-probability continuation move toward the weak low marked near $102,200.
🧊 4. Weak Low as Final Target
This level is a classic liquidity magnet – weak lows = retail stop clusters = Smart Money target.
We expect BTC to:
Tap OB
Reject with minor pullback
Break structure
Fill imbalance and target weak low
It’s a beautiful setup if managed correctly.
🧠 5. Psychology & Trap Narrative
Retail is:
Buying the breakout of Inside Bar
Placing stops under weak lows
Ignoring the OB rejection
Smart Money is:
Selling from OB
Riding the imbalance
Grabbing liquidity from below
This is where you flip from reaction-based trading to narrative-based execution.
🧮 6. Trade Setup Summary
📍 Entry Zone: $108,500–$109,700 (OB zone)
🔐 Stop Loss: Above $109,800 (invalidate OB)
🎯 Target:
TP1: $106,500
TP2: $104,000
TP3: $102,200 (Sell-side Liquidity Sweep)
⚖️ RRR: Approx. 1:4 to 1:5 depending on entry
⚠️ Risk Management:
Do not overleverage.
This setup rewards patience and narrative confirmation, not emotional entries. Wait for OB confirmation and rejection.
📈 If this hits, it’s a chart you screenshot and study again and again.
💬 Comment “INSIDE BAR MASTERCLASS” if you’re watching this play out live. Share with your trading circle.
Sideways Still in Play for ETH After RejectionIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Recap
Ethereum just tapped into a key Area of Interest and got rejected. The move confirmed short-term resistance while keeping the broader wave structure intact. Although no clear breakdown has followed, the rejection signals that the asset is still mid-cycle.
The expectation now is for a sideways consolidation. This aligns with a developing wave 4, but the price action ahead will determine how this structure unfolds.
Wave Structure
At present, the count favors a completed wave 3 followed by a wave 4 that is still forming. The rejection at the AOI fits the narrative of a corrective structure underway. Whether that plays out as a triangle or a flat will depend on how the next legs print.
Key markers are in place:
AOI was respected
No breakdown of the prior key support level
Above the 0.382 to 0.5 retracement zone remains in focus as a reaction area
Should price expand beyond typical retrace/time boundaries, the degree of the count may need to be adjusted. A more complex correction or a deeper reset could shift the current interpretation from a wave 4 into something more substantial.
Outlook
• Rejection confirms resistance
• Expecting sideways movement to continue
• Watching the 0.382 to 0.5 zone for key price behavior
• Price action will determine the next wave structure
• If momentum expands rapidly, degree reassessment is on the table
Ethereum’s current posture suggests a market in digestion mode. Whether this leads to a launch into wave 5 or deeper corrective behavior, the next prints will be critical. No confirmation of bullish continuation yet.
More updates soon as the next leg develops.
Trade safe, trade smart, trade clarity.
Is BTC Poised for a Pullback or Continuation? Key Levels on 3D We’ve got a strong resistance level formed by the double top from Dec 14, 2024, and Jan 19, 2025.
✅ Price is above the 200MA, 50MA, and Bollinger Bands.
✅ MLR > SMA confirms the bullish momentum.
I don’t see any immediate reasons to panic. A pullback to the Bollinger Bands or even the 50MA could be in play, but the price action will depend heavily on macro conditions. 🌎
⚠️ If you're highly leveraged, consider risk management. Keep an eye on price action and stay cautious.
📈 Keep close, follow me for more insights, and thank you for reading! Stay safe. 🙏
ETH Update: Pressed Between Key Levels on the Daily
ETH is currently pressed between the 200MA and the 50% Fibonacci level—two major areas of interest.
On May 14th, we saw a clear rejection at the 200MA, followed by solid support at the 50% Fib on May 18th-19th. 📉
MLR < SMA < BB Center isn't ideal, so we need to play it safe and let price do its thing. If we close above the BB Center and macro conditions support the move, we could see upside. 🌱
⚠️ Keep safe, follow for unbiased TA, and always manage risk! 📊
OTHERS 200MA – Next Attempt: If and When?
On the Others daily chart, there’s a formed inverse head and shoulders. The base of the formation acted as support during the last drop after rejection from the 200MA.
Now, price is attempting to push through the BB center, with SMA and MLR helping from underneath. Additionally, there’s a clear ascending trendline that continues to act as dynamic support.
Only price action will confirm the next move toward the 200MA.
Posts come from time to time—interactions help with visibility.
Manage risk—it’s the only constant
PENGU 12H – System Entry Triggered
PENGU just gave a system entry on the 12H time frame.
📌 The black line represents entry points from the 3D and 1W time frames. It has acted as a key level in the past and has now been flipped into support again.
📈 Price is currently pushing into the pink box, which may act as short-term resistance. Keep an eye on how long it takes to break through this zone—if it lingers too long, we might see a temporary rejection.
🟢 OBV is rising
🟢 MACD is turning bullish
🟢 Fundamentals look very strong
I believe PENGU still has upside potential from here.
✅ Stick to the system—no guessing tops. Let price action guide the decisions.
LINK 3D – Watching the 50MA Reclaim
After a clear rejection at the 200MA on April 25, LINK is now trading above the 200MA, but has faced rejection at the 50MA.
The green zone represents a key support area that started forming on Feb 3.
✅ MLR > SMA > BB Center, confirming that the bullish structure remains intact.
🔍 Note how the BB center and SMA are now aligned. The last time this happened (see orange zone) was also after a drop, and the recovery only started after price reclaimed the 50MA.(see green circle)
Unless macro headwinds (e.g. tariff war escalation) drag the market down, the key level to watch is the 50MA. A close above it could mark the next leg up. 📈
Thanks for reading!
If you found this useful, give it a like or drop a comment.
Manage risk, take profits.
PEPE Daily – Testing Key Fib Support
After getting rejected at the 0.5 Fibonacci level on May 14, PEPE is now retesting it as support.
On the way down, price found support at the 200MA, even after briefly closing below it on the daily chart.
You could argue MLR > SMA, but both are still above the BB center and the 200MA, which maintains the overall bullish structure.
⚠️ Watch for a daily close below the 0.5 Fib—that would weaken the structure and could lead to further downside.
Look closer at smaller time frames.
Thanks for reading—if you found this engaging, react or comment.
Always manage risk and take profits. 📊
BTCUSD Set to Reclaim This Weak High,Watch This Smart Money Zone📊 BTCUSD 30-Min Smart Money Concept Setup
Let’s dissect this high-probability Smart Money setup on BTCUSD, which just tapped into a premium-to-discount range retracement and looks ready to reverse from demand.
🔻 1. Market Context
We saw a strong impulsive move up earlier today, followed by a corrective move pulling back into the 61.8–79% fib zone, lining up with internal liquidity and support zones.
Price just respected that 61.8% level with multiple bullish rejection wicks, indicating a potential bounce.
🧱 2. Key Zones Identified
Strong Low: 102,757.05 — protected for now
Entry Zone: 103,646 – 103,758
Weak High Target: 104,800+
Final TP: 105,788.51 (aligned with -27% fib extension)
The confluence of internal trendline support and fib levels supports the bullish narrative.
📈 3. Trade Setup + RRR
✅ Entry: Around 103,750
❌ Stop Loss: Below 102,800 (beneath strong low)
🎯 Take Profit: 105,780
📊 RRR: ~4:1+
This setup offers a clean low-risk, high-reward opportunity with minimal drawdown.
🔥 4. Why This Is Smart Money Approved
✅ Deep retracement into discount zone
✅ Strong bullish structure + weak high liquidity above
✅ Trendline support confluence
✅ Smart Money targeting liquidity
✅ Higher timeframe bullish bias still intact
💬 Type “⚡️BTC Weak High Raid Loading” if you’re riding this wave too!
🚀 Follow @ChartNinjas88 for more precision Smart Money plays like this.
Bitcoin: LEVELS LOOKOUT!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
BTC on Watch: Short-Term Levels That May Show the Market’s Hand
#Bitcoin is hovering around all-time highs, but traders should be on high alert. There’s a visible level just beneath price that’s acting as the current line in the sand.
What to Look At
Rather than overanalyze, just focus on the chart. A clean level around $100k is marked — if that gives way, it may not just be a smaller degree pullback on news. It could be the start of something more revealing and deeper.
What Comes Next?
If price breaks that 107k zone, watch what the market prints in response. Does it flush impulsively? Does it grind? Those reactions will show intent — and possibly confirm or deny a larger corrective wave unfolding.
Outlook
We’re not guessing the future — we’re waiting to observe the market’s decision point. Eyes on that level. If it breaks, the chart will speak louder than words.
Trade Safe!
Trade Clarity!
Impulse or Illusion? Key Level to Watch If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Recap
Since the price surge off the March 11 low, structure appears to be developing into a potential 5-wave impulse. However, with only three legs printed so far, it remains premature to confirm the full impulse structure.
Structure Assessment
The move resembles a possible ABC zigzag, but the center leg (possible wave 3) is showing strong impulsive characteristics — momentum, follow-through, and vertical lift. That raises the probability of it being an unfolding wave 3, rather than just a C wave.
What’s missing? A clear wave 4.
Until a fourth wave correction is established, and followed by a decisive wave 5, the bullish impulsive count remains tentative.
Outlook
📌 Key level: 0.00001087
The hold of this level will make the look of the structure ideal.
A break below 0.00001087 would dip into unacceptable territory for a developing wave 4 and opens the door to a bearish reassessment — and if the PA enters the price territory of the wave 1 cause a conclusive invalidation of the potential impulse.
✅ If price holds the level and a shallow wave 4 consolidates, we can then watch for signs of wave 5 to confirm the impulse and unlock bullish continuation potential.
Watch this level. Structure will confirm or collapse soon. More updates to follow.
Trade safe, trade smart, trade clarity.
ENAUSD: Strong bullish wave startingEthena is neutral on its 1D technical outlook (RSI = 52.271, MACD = 0.053, ADX = 32.166) as it's trading between the 1D MA200 and 1D MA50. The last time a rebound was supported by the 1D MA50, was in October 2024 and was the start of a Channel Up to the top of the Rectangle. Go long and TP = 1.3000.
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BTCUSD: 1D Golden Cross signals more upside to 155k.Bitcoin dropped below the overbought barrier on its 1D technical outlook (RSI = 69.592, MACD = 4447.700, ADX = 32.855) following today's Trump led pullback. On the long term though, this is nothing but a technical reaction to fundamentals and not enough to invalidate the bullish trend as not only did we make new ATH this week but also just completed a 1D Golden Cross. This is the first such pattern since October 27th 2024, which validated the previous bullish wave that peaked on the 2.0 Fibonacci extension. According to that, Bitcoin should extend the current uptrend with TP = 155,000.
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BTCUSD (Bitcoin) Setting Up for a Trap and Crash📊 BTCUSD Smart Money Breakdown – May 23, 2025
This is a textbook liquidity trap setup — and the roadmap is crystal clear. The market already induced buyers at the top, is now tapping into an Order Block (OB) + 79% zone, and is preparing to nuke.
🔍 Market Narrative:
Strong high established – retail likely placing longs above that.
Clean retracement into Order Block zone (110,322 – 110,850) – where Smart Money is selling into demand.
PA is projected to fake a bullish breakout, reverse, and go for a deeper Fair Value Gap fill near 107,786, eventually targeting the Sell-Side Liquidity zone at 106,188.31.
📍 Key Confluences:
✅ OB + 79% Fibonacci = strong SMC reversal zone
✅ Clear FVG waiting to be filled = imbalance = magnet
✅ Weak low at 107,786.83 = perfect inducement for Smart Money run
✅ Final stop = Sell Side Liquidity sweep below 106,200
📉 Price Path Forecast:
Reject Order Block + Premium zone (110,496 – 110,850)
Retrace → FVG fill (between 108,900 – 107,800 zone)
Minor pullback or fake rally
Final move: liquidity raid under 106,188
Smart Money buys low again, setting up next bullish leg (later)
🎯 Trade Plan (Short Idea):
Entry Zone: Between 110,322 – 110,850 (OB)
SL: Above 111,000 (above inducement)
TP1: 107,786 (Weak Low)
TP2: 106,188 (Sell-Side Liquidity Pool)
RRR: Approx. 1:4 to 1:5 🔥
🧠 Institutional Logic:
Retail sees sideways structure = buys top resistance
SM sees that = sells into premium zone
This is accumulation → manipulation → distribution at its finest.
💬 Think BTC’s about to drop hard? Type “DUMP” or 🔻 in the comments! Let’s see who’s trading with the big boys.
BITCOIN 5 lines and 3 indicators to watch now we in new ground
I will be presenting a number of charts here and each has a different story to tell right now.
The 5 lines are All valid trend lines.
The Vertical lines are January year markers
The white line at the bottom is th e long term support line from 2013
The Dotted line is a threshold line
The Blue Arc is a line that has rejected EVERY ATH since 2013
The orange line is a marker that, once crossed has Always led to a New cycle ATH
The upper dashed line is the line of rejection of all ATH since 2017
The Weekly Bitcoin PA chart
Here we can clearly see how that Blue Arc has rejected PA previously. We can see how PA has reached a point of intersection and once it crosses that blue Arc, there is a line of rejection just above.
This Blue line needs to be crossed and held as support.
The Daily version of this chart shows ua how we have just crossed that blue Arc.
It also shows us how FRAGILE this is right now. PA is currently testing that Blue line as support
This needs to Hold. If we manage to hold this line and bounce, Stiff resistance is found around 120K
The following charts are showing the following indicators
The 3 indicators used are
RSI - Relative Strength Index. used to measure the speed and change of price movements
TSI - True Strength Index, used to indicate trend direction and overbought/oversold conditions.
ADX - The Average Directional Index (ADX) is used to measure the strength of a trend, not its direction
The 4 hour chart - short term expectations for the weekend
Bitcoin PA the Yellow line at the Top, the indicators are in the order listed above,
First thing to see here is how BTC PA is retesting that Blue Arc - this really needs to hold
RSI (blue) - OVER BOUGHT, It has fallen below its own MA ( average) and could easily drop further today. Looking back along this, we can see how the 4 hour RSI likes to range along the Neutral line, so we may see it drop back to that level today, tomorrow
TSI is also OVER BOUGHT. We can see when TSI is up here, PA ranges while it cools off. But there is room for one little push here if required
ADX ( yellow ) is high showing trend could be getting near exhausted, The orange line is the DI+. This shows positive prince direction, the Red one is DI- and shows that negative price direction is climbing slightly.
In the short term, we need to see PA hold above the Blue line but the likelihood is to possibly back below. There is support below.
The WEEKLY shows us that PA has the ability to continue for a while longer but we are getting near a point where PA needs to recover
Here we can see how the RSI and TSI are both up high, on the edge of OVER BOUGHT but with the ability to rise further.
What is VERY important to take note of here is that ADX.
It is Low, this is indicating that the weekly Trend has lost strength now. It could continue lower.
Remember, ADX DOES NOT SHOW TREND DIRECTION, JUST STRENGTH
So, the thing to see here is that we are in an area where we could see a New Trend begin. This trend could be either Bullish or bearish
On a weekly chart, this change can take a long time to appear in PA
And for the Longer Term, The Monthly Chart gives us hope for a fuhrer push higher for the rest of the year but one little warning bell
WE See Both RSI and TSI up high again, where they have been since 2024. But neither of them are up in OVER BOUGHT as much as they have been in previous cucle Tops.... So we can assume room to move higher.
But what does ring a bell is that ADX again. It is once again, in a place of Change and on this chart, showing that the current trend can start becoming weaker. However, DI+ has plenty of room to move higher
So, in conclusion, we see that BITCOIN has the ability to continue higher but in the short term, we may see a pause and possinle Volatility
Trends are about to change, This could take Weeks and PA can continue higher while a trend weakens.
For me. we are in the last few months of this cycle and at a point of Decision.
PA MUST get over that Blue Arc that has rejected Every ATH since 2013.
If PA fails this, we go back to sub 90K but this is unlikely,
There are numerous projections that see BTC PA in price discovery reaching the 120K before serious resistance.
On this chart, if PA follows pattern and trends, we could see 378K by year end
Getting over that irange line is KEY
Stay safe everyone.