BITCOIN Analysis: Potential Pullback and ContinuationCOINBASE:BTCUSD is currently trading within an ascending channel, reflecting a clear bullish structure. The price may pull back toward the lower boundary of the channel before potentially continuing higher. This dynamic support offers a confluence area for a possible bullish reaction. A successful retest here could open the path for a move toward the $102,000 level, which aligns with the upper boundary of the channel and represents a logical bullish target.
However, a failure to hold this dynamic support could indicate weakening bullish momentum and may shift the short-term bias to neutral or bearish.
Traders should watch for confirmation signals such as bullish engulfing patterns, strong rejection wicks at the lower trendline, or increasing volume on the bounce before considering long positions.
Let me know your thoughts or if you see it differently! ๐
BTCUSD trade ideas
BITCOIN Trending Higher - Will Buyers Push Toward $104,550?COINBASE:BTCUSD has broken above a key resistance zone and is now pulling back for a potential retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation.
If buyers confirm support at this level, the price is likely to move upward toward the $104,550 level, which serves as a logical target for this setup. Conversely, a failure to hold support could signal a potential bearish shift.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you might have!
Bitcoin - All time highs will come next!Bitcoin - CRYPTO:BTCUSD - prepares a significant move:
(click chart above to see the in depth analysis๐๐ป)
Over the past couple of months, we basically only saw sideways price action on Bitcoin. However, this does not mean, that Bitcoin is now slowing down; actually the opposite is true and Bitcoin is setting up for a major move higher. New all time highs will come very soon.
Levels to watch: $100.000
Keep your long term vision!
Philip (BasicTrading)
SPY/QQQ Plan Your Trade For 4-29 : BreakAway in CarryoverToday's pattern is a Breakaway in Carryover mode.
That suggests today's price move will attempt to break away from yesterday's body range and may be somewhat similar to yesterday's price action.
I interpret this pattern as a potential breakdown (breakaway) attempting to possibly find support below 540.
Remember, we are moving into the May 2-5 Major Low cycle pattern - so price should attempt to move downward at this stage.
Gold and Silver are moving through a consolidated topping phase. Where price attempts to push higher through a series of tops. Ultimately, I believe Gold and Silver will make a big breakout move higher (above $3500, $35.00) and attempt to rally up - breaking the $4200+ level (eventually).
Bitcoin seems to be stalling, like the SPY/QQQ, near upper resistance (near the FIB 50% level).
I see this stalling as the markets searching for a trend.
As I keep saying, I have a hard time seeing any reason why the markets will rally to new ATHs in the current environment (except the possibility of pure speculation).
We need to see some real growth expectations for the markets to begin another big rally phase.
Right now, I'm looking for confirmation of my breakdown into the May 2-5 Major Bottom pattern. Let's see if that actually happens or not.
Get some.
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Bitcoin: First Leg Of Wave 5 To 109K.Bitcoin has lingered around the 95K resistance area over the previous week. In my opinion this is a sub wave iii completion (5 mini waves can be counted within the bullish breakout leg). This implies there is a greater probability of a retrace or sub wave iv (see wave count on chart). The retrace can go as low as the 90K support without overlapping sub wave i which would keep the bullish impulse in play. Also there is enough evidence here to suggest this structure is likely the first wave of the broader Wave 5 which can see a test of the 109K high over the coming months.
The current high (see arrow) shows signs of potential reversal at a location where such a pattern can be expected. The question is, when will it retrace and how far? It is anyone's guess. This is where you have to have the ability to adjust as the market provides new information. Until then the best we can do is assess loose probabilities and wait to see how the market aligns or not.
The adjustment process is two fold: evaluating support/resistance levels and assessing the RISK associated with a given scenario. For example, the illustration on the chart shows a retrace back to 90K, this or some variation of this scenario may or may not unfold. The key is to have levels identified in advance and then WAITING to see how the market behaves at such levels. Does it confirm our idea or not? In the case of Bitcoin now, the 95K area resistance is sticking and a reversal pattern has appeared which adheres to the retrace scenario, but how far it retraces is up to Bitcoin. We have to wait and see what type of bullish reversals appear and where they appear before RISK can be assessed for a swing trade on this time frame.
Markets that linger around levels can be very hard to trade if you are the type that forces trades or assert opinions. Slow grinds are especially tough to sit through which is why I always suggest evaluating smaller time frames while keeping this bigger picture in mind. There are plenty of smaller opportunities to capitalize on if you can recognize the support/resistance levels and trend structure on the smaller time frames without losing site of the bigger picture.
On this time frame for swing trades, I am not interested in the short side. I prefer to wait for the retrace (wave iv) measure to see how far it goes, WAIT for the reversal confirmation, then quantify the RISK from that point. IF this scenario appears, I would be anticipating a retest of the 100K resistance and expecting a greater chance of a breakout to a higher high (low to mid 100ks)? This can take at least two weeks to play out in my opinion. And if this scenario does not play out, then adjust to the whatever new information the market is presenting.
Thank you for considering my analysis and perspective.
(BTC/USD) 1H Trade Setup โ Key Entry, Stop Loss & Dual TargetEntry Point: 95,431
Stop Loss: 95,264
Target Points:
Upside (Target 1): 100,674 (Potential gain: +5.36%)
Downside (Target 2): 86,614 (Potential loss: -7.57%)
Trade Setup:
Risk-Reward Ratio:
Approx. 1:0.7 (Not ideal; the reward is smaller than the potential loss)
Support Zones:
Highlighted in purple beneath the entry zone โ this indicates a historically strong support area.
Resistance Zones:
The upper purple zone marks the next significant resistance around 100,000โ100,795.
Technical Indicators:
50 EMA (Blue Line): Indicates mid-term trend support, currently holding price action.
Price Action: BTC appears to be retracing toward support after a bullish rally.
Interpretation:
The setup implies a long (buy) position with a very tight stop loss.
The price is nearing a support zone, and if it holds, there's potential for an upward move to the target at 100,674.
However, if price breaks below 95,264, a sharp drop to 86,614 is anticipated.
BITCOIN is filling all gaps as it should.Bitcoin (BTCUSD) is having its strongest 1D green candle since April 22 (for now) and basically today's analysis is a continuation/ modification of our April 14 buy call (see chart below):
Our Target was $99500 but we now update it to $106000 as we see a different pattern through filling the Lower Highs gaps. As you can see, since BTC's April 07 bottom, the rebound has filled one Lower High of the downtrend after the other.
At the same time, it has posted identical rallies before consolidating, the 1st one +15.37% and the 2nd +15.11%. We are currently on the 3d and if it makes again +15.11%, then it gets us to $106.9k. That is marginally above the Lower High of January 30, practically the first Lower High after the January 20 All Time High (ATH).
Moreover, the 2.0 Fibonacci extension level is at $106k and this is why we've moved our short-term Target there. This fills all dynamic conditions of this uptrend.
Do you think that's a fair estimate? Feel free to let us know in the comments section below!
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SPY/QQQ Plan Your Trade For 5-2-25 : Major CRUSH PatternToday's pattern is a Major CRUSH pattern in Counter-Trend mode. These types of patterns (CRUSH patterns) are usually very large range bars that move against the current price trend. A Counter-trend Major CRUSH pattern would likely be a huge bar that moves counter to a counter-trend - thus potentially BULLISH.
Today, I have my reservations related to how this Major Crush pattern will setup. As I stated in my video, yesterday's price bar setup an Island type of bar (in an Evening formation) which is very typical of a topping pattern.
Today, I'm expecting the markets to sell downward into the Major CRUSH pattern. I believe the move of my MRM system into Bullish Trending yesterday sets up a perfect opportunity for the markets to shake out the longs on a big CRUSH pattern today.
But, I've also highlighted bullish breakaway levels on the SPY/QQQ chart for traders to be prepared for any outcome today.
In short, I believe the May 2-5 Major Bottom aligns with this Major CRUSH pattern as a downward price trend today. But, I'll be prepared to take my lumps if I'm wrong and the markets rally straight upward.
Over the past few days, we've seen some interesting developments in China and other places. I do not believe the US market is immune from the global slowdown which is taking place right now. Therefore, I urge traders to continue to stay protected from risks and to keep allocation levels rather small.
It may seem like a fantastic time to throw out some big trades - but it is still very dangerous in this extreme volatility.
I see Gold and Silver trying to base/bottom near recent lows over the next 5+ days. I still believe Gold will be trading at or near $4100 before the end of May.
Bitcoin seems to have followed the SPY/QQQ upward since April 21. I believe this is pure speculation. I'm still very cautious of a breakdown in the markets right now.
Let's see how this Major CRUSH pattern plays out.
It should be interesting - one way or the other (again, I'm still leaning toward a BEARISH breakdown in price today).
Get some...
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BITCOIN (BTCUSD): Will We Test 100k Support Soon?After a strong uptrend last week, โ ๏ธBitcoin has paused its growth and is now consolidating. A familiar bullish pattern, an ascending triangle, is forming on the 4-hour chart.
Currently, the neckline of this pattern is being tested. If there is a breakout above 96,000 and a 4-hour candle closes above this level, it could signal a continuation of the bullish trend.
The price may rise to 68,000 and potentially test the resistance at 100,000.
BITCOIN This is where the real BULL started in 2017.We've mentioned on numerous occasions how Bitcoin's (BTCUSD) current Cycle resembles that of 2014 - 2017 and this evidence is self-explanatory on the chart. What we want to bring forward today, and the timing couldn't be better, is that symmetrically speaking, it was the exact same time of the year (April 2017) when the past Cycle started printing predominantly green candles that lasted until the very end of 2017 (December) and the Cycle Top.
The 3W RSI sequences are identical among the two fractals with a Pivot trend-line dominating both Cycles, first as a Resistance (red arrows) and then turned into Support (green arrows). Before the end-of-year Parabolic Rally, the Bull Cycle was classified into 3 pull-back/ consolidation Phases (blue Rectangles) and, no surprise, the mini rallies started around the same times.
Can this indicate that we are about to see a strong rally of predominantly green candles towards the end of the year to form the new Cycle High? What do you think?
Feel free to let us know in the comments section below!
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Analysis of the Current Trend of BTC and StrategiesIn terms of the current daily technical analysis of BTC, although the MACD indicator stabilizes above the zero line, the continuous shrinking of the red bars exposes the gradual weakening of the bullish momentum. The RSI (14) indicator flattens out around 60, confirming that the market has entered the correction phase after being in an overbought state. It is worth being vigilant that during this rebound process, the trading volume has been continuously sluggish, forming a sharp contrast with the breakout on heavy volume in March, which implies that the upward movement lacks effective capital to take over.
In terms of the K-line pattern, the consecutive three-day long upper shadows, combined with the pressure at the upper band of the Bollinger Bands, form a "Shooting Star" pattern, highlighting the heavy selling pressure from above. However, before confirming the downward correction trend, there may be a short-term rebound opportunity in the market to digest the floating chips. It is necessary to pay special attention to the key support level of 92,700. Once the closing price effectively breaks below this level, the short-term top will be confirmed, and the market trend may decline towards the integer level of 90,000.
BTCUSD
sell@94800-94500
tp:93500-93000
Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
BITCOIN's Trump effect: The 2025 PARABOLIC FINALE is coming!Bitcoin (BTCUSD) has completed 3 straight green 1W candles, making an impressive start into Q2 2025. But is it a coincidence or systemic behavior of technical trends?
It certainly is no coincidence the structure that the market has with Trump under President. Q1 has been undoubtedly disastrous due to the Trade War fueled by back and forth tariffs. But this is a pattern we've seen before and more specifically in Trump's 1st Term during Q1 2017.
As you can see, BTC was again under heavy volatility during Trump's 1st Term Q1, even though the correction wasn't as hard initially. What's more interesting however, is that in both Terms, the U.S. Dollar Index (DXY, blue trend-line) topped in Q1 and started collapsing. In 2017 that was the catalyst that fueled BTC's insane Parabolic Rally for the rest of the year.
Can the current Dollar collapse kick-start a rally for the rest of 2025? If the Trade War stabilizes, it certainly looks so. It is no coincidence that in 2017 Trump came out storming that the Dollar was too high just like he states now that the Interest Rates are too high, pressuring the Fed to cut.
So what do you think? Is the rest of 2025 destined to be as strong as 2017? Feel free to let us know in the comments section below!
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Bitcoin: The Path To 109K Is Now Open.In my previous article I describe the potential breakout if 88K was compromised. I pointed out, the compound double bottom in the 74 to 78K area implied a greater probability of price breaking out, it was just a matter of catalyst. IF anything this possibility should have told you that swing trade shorts are a lower probability and much riskier within that resistance zone. For those of you looking for precise calls, eventually you will learn there is no such thing, because markets adjust to new information as it becomes available but we can assign loose probabilities to scenarios. So what technical possibilities are we looking at for the upcoming week and how will this shape our expectations?
On my chart, the updated anticipated scenario (See illustration) points to a retrace back to the 90K area which is NOW a support. Since the broader trend is bullish it is within reason to expect this support to HOLD and NOT break. That means it is an ideal location for high probability swing trade longs UPON confirmation. Watch 93,250 break (see blue arrow) to confirm price is following the retrace scenario (break of previous candle low). IF this is not broken, then the retrace scenario is NOT in play.
Another fact I want to point out is a new minor impulse structure is now in effect (it is not numbered on the chart). The move from the 74K low to the current high contains 3 waves which means the next retrace is likely Wave 4 which would then open the possibility for the Wave 5 breakout beyond the 95K area. Wave 4 to 5 is the highest probability wave to anticipate because it requires 3 waves to be in place and has to adhere to the Wave 1 overlap rule. While this does not offer a specific setup to trade, it does help to shape a clear expectation. All you need from there is a system or method to confirm the bullish reversal (like the Trade Scanner Pro).
Other than that, If Bitcoin manages to maintain the support above 90K, this new rally may be the broader Wave 5 that I have talked about previously which implies a test of 109K over the next quarter. Again this is a game of gauging potential and then quantifying the risk that is associated with it. That is only the beginning of the trade idea because from there you must have a decision making process in place to manage the trade in a constantly CHANGING environment. IF you fail to have such a process then you face random results.
Thank you for considering my analysis and perspective.
BRIEFING Week #18 : Waiting for RotationHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
BITCOIN (BTCUSD): Very Bullish Pattern The price of BITCOIN formed a bullish flag pattern on a 4 hour chart following a significant uptrend.
Breaking through the flag's resistance is a strong indication of continued bullish momentum and a likely uptrend.
It is anticipated that the price could soon reach levels of 97,000 and 100,000.
BTC/USDT 1H Chart Analysis: Breakout Incoming?Hey traders! Letโs dive into this juicy BTCUSDT 1-hour chart. Bitcoin is teasing us with some serious action!
Weโve got a textbook symmetrical triangle pattern forming, with price consolidating tightly between converging trendlines. This is a classic setup for a big move โ Bitcoin is coiling up like a spring, ready to explode!
The chart shows multiple phases of consolidation , with the latest triangle pushing BTC toward a critical decision point near the weekly high of $95,773.15 and the monthly high of $95,119.06.
The price is currently hovering around $95,000, testing resistance. A breakout above the upper trendline could send BTC soaring past $96,600, potentially targeting $97,200 or higher!
On the flip side, a rejection here might see it dip toward the daily low of $92,839.27 or even the lower trendline for support.
Key Levels to Watch:
Resistance: $95,773.15 (weekly high)
Support: $92,839.27 (daily low)
Breakout Target: $97,200+
Breakdown Target: $92,800
โ What do you think โ bullish breakout or bearish?
Drop your thoughts below!
Hellena | BITCOIN (4H): LONG to resistance area of 98,000.Dear colleagues, in this forecast I will not make too forward-looking plans. I believe that the upward movement is not over yet, because the wave โCโ is not yet completed and consists of five waves.
I think that we should expect to reach the resistance area of 98,000. A small correction to the support area of 90,000 is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | BITCOIN (4H): LONG to resistance area of 101,000.Dear colleagues, in the coming week I expect price to continue rising in wave โ5โ. I think that wave โ3โ is already completed and now we are witnessing a small correction.
Reaching the resistance area of 101,000 will be the end of the big โABCโ correction.
The 91,601 area could be a good support area to complete the correction.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BITCOIN Why is this rally surprising you?Bitcoin (BTCUSD) has completed 3 straight green weeks, with an impressive last 1W candle closing and started the new one right where it left. This rise shouldn't be surprising to most as it has fulfilled all the conditions that initiated all major rallies since the November 2022 Bear market bottom.
The first week of April rebounded strongly on the 1W MA50 (blue trend-line), which as mentioned numerous times on our channel, has been this Bull Cycle's main Support and kickstarted the Q4 2023 and Q4 2024 rallies.
At the same time, the 1W RSI broke last week above its MA, which has been the final confirmation of those Bullish Legs. With the 1W Bollinger Bands (BB) still ranged, the top trend-line is expected to rise aggressively as BTC's uptrend accelerates, something that resembles October 2023 and October 2024.
Throughout this Bull Cycle, those rallies have lasted around the same time, the longest being 14 weeks. As a result, the latest the current Bullish Leg tops should be on the week of July 14 2025 and a +92% rise as February - March 2024 should deliver a test of the Higher Highs trend-line around $140000.
Do you think that's the most probable scenario? Feel free to let us know in the comments section below!
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BTCUSD Analysis Strategy SignalsCurrent trend: Uptrend inside a Symmetrical Triangle โ a strong sell setup has formed.
Entry level: 95,800
Technical Targets:
1st Target: #92,700
2nd Target: #91,700
3rd Target: #88,400
4th Target: #86,600
5th Target: #83,900
A breakdown below the triangle support could trigger a sharp sell-off.
BTC Roadmap โ May 2025๐จ BTC Roadmap โ May 2025
Hereโs the timeline youโll want to pin and come back to.
โธป
๐ด May 4โ6
Low volume. No major moves expected.
BTC goes DOWN and BTC dominance starts trending down, but itโs not the moment to jump in yet. Patience.
๐ข May 7โ9: ALT PUMPS
BTC Volume increases!
BTC UP
This is the first major altcoin opportunity.
๐ด May 10โ13: SELL SIGNAL
This is your exit window.
1D SELL confirmed. Prepare for cooling.
BTC Volume drops.
โช๏ธ May 15โ17: May USDT.D will go UP!
USDT dominance reaches a local bottom - BTC HUGE DUMP .
BTC Volume rises again โ BIG MOVE up after 17th.
๐ข May 17โ20: BTC and ALT PUMPS
Perfect LONG entry zone.
๐ด May 21โ23: USDT HIGH โ market will go UP faster!
USDT.D peaks. BTC and altcoins prepare for breakout.
BTC Volume high.
๐ธ Dollar weakens โ Risky assets explode (BTC, alts, growth)
โธป
NOT FINANCIAL ADVICE
Big Retest for BTC BTC is currently retesting the area is made the first big break from.
If we reject from here, it's usually pretty easy to map out the next important levels, since we generally trade down to the 2.20 fib of the failed rally. Around 40,000 in this instance.
This is a real make or break point for BTC. If we see a rejection here, then there's a strong chance this is a change in the overall prevailing trend and start of a long drawn out bear trend.
Conversely, if we can rally through, then things look far more optimistic.
But this would be the obvious risk spot for bulls and the high value betting area for bears.
Strong odds an important decision is made here.