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Bitcoin (BTC/USD) Technical Analysis & Trading PlanBitcoin (BTC/USD) Technical Analysis & Trading Plan – February 28, 2025 Market Overview The Bitcoin (BTC/USD) price is currently trading at $79,770, showing a -0.74% decline in the latest 4-hour candlestick. The chart illustrates a falling wedge trading pattern, which is considered a bullish reversal signal. The price is approaching the lower boundary of the wedge, signaling a potential breakout to the upside. Technical Indicators & Key Observations Falling Wedge Pattern: The price has been making lower highs and lower lows within a falling wedge formation (red and green trendlines). A breakout above the upper boundary of the wedge could trigger a strong bullish rally. Support and Resistance Levels: Immediate support: $76,665 Major support: $67,679 Key resistance levels: $88,671 $91,271 $95,497 $108,329 (Major long-term resistance) Momentum Indicators: RSI (Relative Strength Index): 22.26 (oversold), indicating potential upward momentum. Stochastic Oscillator: 16.14, also in the oversold region, confirming a possible reversal. Money Flow Index (MFI): Showing weak inflow, but a reversal at these levels could indicate increasing buying pressure. Cipher_B Divergences: Potential bullish divergence forming, adding confluence to the breakout scenario. Professional Trading Plan Entry Strategy Aggressive Entry: If Bitcoin closes a 4-hour candle above the wedge's upper trendline (~$80,500), an early entry can be considered. Conservative Entry: Wait for confirmation above the $82,000 level with strong volume before entering a long position. Profit Targets First Target: $88,671 (previous local high) Second Target: $91,271 (psychological level) Third Target: $95,497 (strong resistance) Ultimate Target: $108,329 (major long-term resistance) Stop-Loss Strategy For aggressive traders: Below $76,500 (recent low) For conservative traders: Below $74,000 to reduce risk exposure Risk Management Risk-to-reward ratio: 1:3 or higher (entry should be calculated to maintain proper risk-reward) Position Sizing: Allocate 2-5% of capital to this trade, considering volatility. Conclusion Bitcoin is currently trading at a critical support level within a falling wedge. The RSI, Stochastic, and MFI indicators suggest oversold conditions, indicating a potential bullish breakout. Traders should watch for a confirmed breakout above the wedge with strong volume before entering a position. Targets remain between $88,000 and $108,000, with well-defined stop-loss levels to minimize risk. 💡 Recommendation: Monitor price action closely, especially in the next few 4-hour candles. If BTC breaks above the wedge, prepare for a bullish move towards resistance levels.
CRYPTO:BTCUSDLong
by elfabiiani
1
USD/JPY (Trade Recap -0.5%) and GBP/CAD ShortGBP/CAD Short Minimum entry requirements: • Corrective tap into area of value. • 4H risk entry or 1H risk entry after 2 x 1H rejections. Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Short
by StewySongs
GBP/CAD Short, EUR/NZD Long and USD/JPY ShortGBP/CAD Short Minimum entry requirements: • Corrective tap into area of value. • 4H risk entry or 1H risk entry after 2 x 1H high tests. Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. EUR/NZD Long Minimum entry requirements: • 1H impulse up above area of interest. • If tight non-structured 1H continuation follows, 15 min risk entry within it if the continuation is structured on the 15 min chart or reduced risk entry on the break of it. • If tight structured 1H continuation follows, reduced risk entry on the break of it or 1H risk entry within it. USD/JPY Short Minimum entry requirements: • 1H impulse down below area of interest. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
by StewySongs
1
USD/JPY ShortUSD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Short
by StewySongs
1
USD/JPY Short and EUR/NZD LongUSD/JPY Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. EUR/NZD Long Minimum entry requirements: • Break below area of value. • 1H impulse up above area of value. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
by StewySongs
GBP/USD Long, EUR/USD Long and GBP/AUD LongGBP/USD Long Minimum entry requirements: • Corrective tap into area of value. • 4H risk entry or 1H risk entry after 2 x 1H low tests. Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of value. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. EUR/USD Long Minimum entry requirements: • Break below area of value. • 1H impulse up above area of interest. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. GBP/AUD Long Minimum entry requirements: • Break below area of value. • 1H impulse up above area of value. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Long
by StewySongs
EUR/USD LongEUR/USD Long Minimum entry requirements: • 1H impulse up above area of interest. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Long
by StewySongs
EUR/USD Long, GBP/USD Short and EUR/GBP ShortEUR/USD Long Minimum entry requirements: • 1H impulse up above area of interest. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. GBP/USD Short Minimum entry requirements: • 1H impulse down below area of interest. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. EUR/GBP Short Minimum entry requirements: • If structured 3 touch 1H continuation forms, 1H risk entry within it.
by StewySongs
NO. 1 IS BITCOIN (STILL) BITCOIN-ALTCOINS-MEMECOINS THIS IS PLANDescending Trading Channel IS IN PROGRESS. Bitcoin is currently trading within a descending channel, characterized by lower highs and lower lows. The resistance line at the top of the channel is acting as a barrier to upward momentum. The support line at the bottom of the channel provides a temporary floor for price movement. Current Price Action: The price is near the channel's lower support, indicating a critical decision zone for traders. The presence of high volume at support suggests potential buying interest. Indicators: VMC Cipher B Divergences: Shows momentum divergence, signaling a potential reversal near the current level. RSI (14): Reading of 27.94 indicates oversold conditions, suggesting a possible bounce. Stochastic Oscillator (14,3,1): Extremely low (17.32), aligning with the RSI to indicate oversold conditions. ArTY Money Flow Index (MFI): Neutral, showing neither significant inflow nor outflow of capital. Key Levels: Support: $98,282 (current zone within the channel support). Resistance: $107,153 (aligned with the channel's resistance and previous consolidation). Breakout Zone: A break above $107,153 could signal bullish momentum toward higher resistance zones ($112,000–$120,000). Breakdown Risk: A breakdown below $98,000 may trigger bearish continuation to the $90,000 support zone. Trading Plan Entry Strategy Long Position: Enter near the support zone ($98,000–$99,000) with tight stop-loss at $97,000. Confirm reversal with bullish candlestick patterns or volume breakout above $100,000. Short Position: If the price breaks below $98,000 with strong volume, consider shorting with a target of $92,000. Take-Profit Levels: For long trades, scale out profits at: $105,000 (minor resistance). $107,150 (channel resistance and key breakout level). $112,000 (next major resistance). Stop-Loss Placement: Place stops 1–2% below the support level ($97,000 for long trades, $99,000 for short trades). Risk-Reward Ratio: Aim for a minimum risk-reward ratio of 1:3 (risk $1,000 to make $3,000). Trade Management: Monitor volume closely; rising volume during upward movement strengthens bullish conviction. Use trailing stops to secure profits if the price moves favorably. Breakout Trading: If Bitcoin closes above $107,153 with strong momentum, consider entering a breakout trade targeting $112,000 and $120,000. Contingency Plan: Stay out if the price consolidates without clear direction near the current levels. Avoid over-leveraging and stick to predefined risk parameters. Bitcoin is at a pivotal moment within a descending channel. The oversold indicators and support proximity suggest a high-probability bounce, but traders must remain cautious of breakdown risks. The trading plan emphasizes disciplined risk management and capitalizes on both breakout and breakdown scenarios.
Long
by elfabiiani
2
KASPA IS THE FIRST CRYPTO TO SOLVE THE BLOCKCHAIN TRILEMMA!Pattern: Symmetrical Triangle Formation: The chart shows a symmetrical triangle pattern forming on the weekly timeframe. This pattern typically indicates price consolidation and suggests that a breakout (up or down) is imminent. Support and Resistance: Support: Defined by the ascending green trendline. Resistance: Defined by the descending red trendline. Prognosis: Prognosis 1: A bearish breakout (less likely). Prognosis 2: A bullish breakout (more likely). Indicators Volume: Volume is declining during the formation of the triangle, confirming the pattern’s validity. A volume surge is expected during a breakout. RSI (Relative Strength Index): Current RSI value is 44.55, indicating neutral momentum but leaning towards an oversold condition. Stochastic Oscillator: The stochastic is in the lower range (23.19), suggesting potential upward momentum soon. Money Flow Index (MFI): The MFI is showing a slight uptick, signaling that money inflows may be returning. Market Cipher B: Momentum is gradually increasing, with signs of bullish divergence. Key Levels Resistance: $0.24522 (intermediate target). $0.34669 (major target post-breakout). Support: $0.10 (triangle base and psychological level). Spot Trading Plan Entry Strategy Breakout Confirmation: Buy above $0.145 on a confirmed breakout from the triangle (with a 4-hour or daily candle close above resistance). Volume Surge: Enter only if the breakout is accompanied by high trading volume. Stop Loss: Place a stop loss below the breakout level or $0.12 to limit downside risk. Profit Targets First Take Profit: $0.24522 (approx. 68% above breakout level). Sell 50% of the position. Second Take Profit: $0.34669 (approx. 138% above breakout level). Sell the remaining position. Risk Management: Allocate no more than 5-10% of your portfolio to this trade. Maintain a risk/reward ratio of 1:3. Monitoring: Keep an eye on overall market conditions (Bitcoin dominance and trends) as they heavily influence altcoin performance. Reassess if the price deviates significantly from the expected triangle breakout. Bearish Scenario: If the price breaks below $0.12 with high volume, wait for the $0.10 level to evaluate for potential entry or exit further positions.
Long
by elfabiiani
7
EUR/USD Long, GBP/USD Short, GBP/NZD Short and GBP/JPY ShortEUR/USD Long Minimum entry requirements: • 1H impulse up above area of inflection. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. GBP/USD Short Minimum entry requirements: • 1H impulse down. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. GBP/NZD Short Minimum entry requirements: • 1H impulse down below area of interest. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. GBP/JPY Short Minimum entry requirements: • 1H impulse down below area of interest. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
by StewySongs