BTC dip coming3 bearish indicators on the weekly chart.
1. RSI 14 oversold at ~$70k
2. Diverging trend lines
3. Double top
BEARUSD trade ideas
BTCUSD Channel Down bottoming. Bullish reversal ahead.Bitcoin is trading inside a Channel Down and today the price almost hit its bottom.
This is a similar buy signal with February 9th and 12th, when the price reversed to hit at least the 0.618 Fib.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 96700 (the 0.618 Fib).
Tips:
1. The RSI (4h) is oversold, which is always a strong technical condition for a buy.
Please like, follow and comment!!
Notes:
Past trading plan:
BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
BITCOIN is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 93,774.
✅LIKE AND COMMENT MY IDEAS✅
BTC SHORT TP:95,000 20-02-2024Currently, Bitcoin is exhibiting signs of weakness in its upward trend, suggesting that a pullback to the levels of 95,000 - 95,500 is quite likely. If the price manages to bounce at this area and confirms the validity of this support, we would be inclined to consider a long entry afterward. It's essential to monitor how the market reacts at these levels before making any trading decisions.
What's next for BTC Yo! Fellas lemme draw closer for some advice 🤪
If Monsieur BTC does nor sustain at the $90k region, we gon be bearish to $80k/coin and if that region ain't strong, we gon be at $70k/coin... use this info wisely, pause on your buying and you'll like to review your portfolio dear hodlers
CHECK BTCUSD ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINBaddy dears friends 👋🏼
(BTCUSD) trading signals technical analysis satup👇🏼
I think now (BTCUSD) ready for( BUY )trade ( BTCUSD) BUY zone
( TRADE SATUP) 👇🏼
ENTRY POINT (95.700) to (95.600) 📊
FIRST TP (95.900)📊
2ND TARGET (96.200)📊
LAST TARGET (96.500) 📊
STOP LOOS (95.000)❌
Tachincal analysis satup
Fallow risk management
Btc consolidating in a descending channel on the 1 day chartIf bitcoin can flip the 1 day 50ma(in orange) back to solid support it should confirm a breakout from this yellow descending channel it has been consolidating in. If it were to do so where I blacked the vertical dotted yellow lne the target would be about 105k or so. *not financial advice*
BTCUSD - 8H Analysis | Elliott Wave Perspective
🔹 Current Price: $96,216.97
🔹 Key Levels:
• Support: ~$91,220 (Wave 4 potential bottom)
• Resistance: ~$100,000 - $112,000 (Projected breakout target)
🔍 Elliott Wave Breakdown:
• The structure suggests we are in a complex correction before the next impulsive move.
• The pattern forming appears to be a contracting triangle (ABCDE) inside a larger Wave 4.
• If price respects the support trendline and completes Wave E, we could see a strong breakout upwards towards $112,000.
• A break below $91,220 would invalidate this structure and signal further downside.
📉 Key Observations:
• A completion of the triangle and breakout above Wave D resistance could trigger the next impulsive leg.
• If BTC holds this support structure, we might witness Wave 5 extension towards new highs.
📢 Conclusion:
We are in a critical zone! Monitoring how BTC reacts around the $91K-$100K range will be key in determining the next big move.
Do you think BTC will break out soon? Share your thoughts! 🚀
Bullish Ascending TriangleThe ascending triangle pattern in the Bitcoin (BTC/USD) chart suggests a bullish continuation pattern. Here’s a breakdown of the pattern:
Key Characteristics of the Ascending Triangle:
1. Resistance Level (Flat Top):
• The price has repeatedly tested a resistance level near $107,000 without breaking through.
• This forms the flat upper boundary of the ascending triangle.
2. Rising Trendline (Higher Lows):
• The price has been making higher lows, forming a diagonal support line.
• This trendline connects the series of higher lows, indicating increasing buying pressure.
3. Volume Considerations:
• Typically, volume contracts as the pattern forms and expands upon breakout.
• An increase in volume may confirm a breakout.
4. Breakout Scenario:
• If BTC/USD breaks above $107,000 with strong volume, it could trigger a significant rally.
• The measured move target for the breakout can be estimated by adding the height of the triangle to the breakout level.
5. Fakeouts & Risk Management:
• A breakdown below the rising trendline could invalidate the bullish setup.
• If BTC fails to break $107,000, it will likely retrace back to support (~$90k-$95k)
Potential Target:
• Height of the triangle: Approx. $22,000 (from $85,000 to $107,000).
• If BTC breaks out above $107,000, the projected target could be around $129,000.
BTCUSD forecast & levels 📉 BTC/USD Trade Setup 📈
🔥 Major Support Level Identified! 🔥
💰 Entry: 94,900 (If market touches support)
🎯 Targets:
✅ Target 1: 97,200
✅ Final Target: 98,440
📊 Resistance Level: 99,400
🕐 Time Frame: 1 Hour
🔹 Market is testing a strong rt level
🔹 If price holds, a bounce is expected
🔹 A breakout above resistance could push higher
📢 Trade Wisely! Always Manage Risk!
📌 Stop Loss: Below support for risk management
🚀 Are you ready for the move?
📈 BTC Bulls Waiting for the Bounce!
#Bitcoin #BTCUSD #CryptoTrading #SupportLevel
BTC - The path to $72K (or lower)I have been tracking the latest top in BTC. ( $109k) It was admittedly a little sloppy and premature. Originally targeting the GETTEX:92K - $101K area for a top, the moves above $100k humbled me. We have been chopping sideways for 3 months now , in what I assume is a large unloading of positions into late buyers. The market keeps looking more and more tiered each week I look at it. This week the US equity markets look to have reached their exhaustion points as well. ( INX and NQ ) So perhaps all are no aligned. Next support lower is $72k for me. But you can see from the chart that there are other lower targets in play. As we near April 14th, we will reassess.
BTCUSD Head and ShouldersIf BTC fails to make a new all time high then we are looking at a classic Head and Shoulders pattern.
BTC LONG SNIPEAs our short work out very nicely on the second attempt. I feel very comfortable that from this 95K zone will see a nice bounce back upwards over the weekend. lets see how it works out.
BTC/USDT - Symmetrical Triangle Breakout Incoming!Bitcoin is consolidating within a symmetrical triangle pattern on the 4-hour chart, and a breakout is approaching! A strong move is expected soon.
🔹 Upper boundary of the triangle: Resistance around $98,000
🔹 Lower boundary of the triangle: Support at $93,000
🔹 Key Fibonacci levels: 0.618 ($99,074) and 0.786 ($97,080) acting as resistance
📍 Targets:
✅ Bullish breakout: $119,894
❌ Bearish breakout: $71,494
Volume and market sentiment will play a crucial role in determining the breakout direction. Which way do you think BTC will go? 💬👇
BTC at pivotal PointBTC has reached half of its supply zone. If it breaks below this without a reversal, our next target is $90,6100.
Bitcoin Intraday - Wednesday 19th FebruaryBitcoin has been in a tight bearish channel on the Daily timeframe. Yesterday (Tuesday 18th February) price took an internal daily low at $94,002. Today we are looking for the potential for price to mitigate the inducement POI created from price taking the daily low yesterday. Also aware of the potential for shorts from $96,177 although expecting price to move a little higher. Overall HTF picture is for bitcoin to push lower to take out the daily low at $91,375.
Sell zoon is very strong BTBTC USD TECHNICAL ANALYSISThis is a Bitcoin (BTC/USD) trading chart from TradingView, showing the 1-hour timeframe on the Bitstamp exchange.
Key Elements in the Chart:
1. Current BTC/USD Price: 95,629 USD, with a -2.75% drop (-2,708 USD).
2. Parabolic SAR Indicator (blue dots):
This is a trend-following indicator.
Dots above the price indicate a downtrend.
Dots below the price indicate an uptrend.
The most recent dots are above the price, signaling a bearish trend.
3. Trade Setup (Short Position):
**Red Zone (Stop-Loss
Bitcoin on Bollinger Band touch the Bottom?📝 Bitcoin is currently testing the baseline of the Bollinger Bands, which historically indicates that the sideways phase is nearing its end.
📉 Volatility is stabilizing, and the market structure is tightening—this often precedes a significant new move.
💡 The next big trend is on the horizon. Will it be an explosive breakout or a controlled rally like in 2021? I'm leaning more toward gradual growth, what do you think?
Bitcoin Price Behavior.In my opinion, as more institutions and companies accept Bitcoin as a payment method, it could contribute to greater price stability and reduced volatility. Is this trend currently shaping Bitcoin’s market behavior? I’d love to hear your thoughts.
