BITCOIN SHORT-TERM SUPPORTSSo long as BITSTAMP:BTCUSD remains between the black lines, it remains bullish. The area below the green dots is danger zone that might trigger a bearish trend, which would be unfortunate for cryptocurrency investors
BEARUSD trade ideas
Bitcoin’s Doom: The Collapse Has Begun 50K comingBitcoin is on the verge of a catastrophic collapse, and the monthly chart confirms it. We have officially topped out, signaling the beginning of the 2025 bear market. The so-called “dumb money” is now holding onto their sinking bags, while the smart money has long since exited.
-RSI is trending downward, confirming exhaustion.
-The bull market is officially over.
-A steep decline to $50,000 and below is inevitable.
This is not just another correction—it’s the start of Bitcoin’s terminal decline. The dream of $100K has failed, and reality is setting in. As quantum computing advances and error rates decrease, Bitcoin’s encryption will be broken, rendering it obsolete and worthless.
The pet rock is sinking, and soon the crypto bubble will implode in spectacular fashion. The crash is not just coming—it’s already here.
Prepare for the reckoning. 🔥
Current bitcoin bullflag has a target of 144kBeen consolidating inside this one for some time now and its been creating a lot of uncertainty in the market lately as most people have been distracted by the bearish h&s pattern on the Daly chart and haven’t zoomed out to the higher time frames to realize this whole time we’ve ust been consolidating inside this bullflag. The stochrsi has already been reset for awhile on the Daly time frame and is about to be fully reset here on the weekly time frame too sugget we will resume the uptrend in the near future. *not financial advice*
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 7, 2025Technical Analysis and Outlook:
On Monday, during the current week’s trading session, Bitcoin reached the Mean Support level of 91800 and consistently hit the targeted Outer Coin Dip at 96000. This development indicates a likely pullback to retest the Mean Support level of 91800, with the possibility of further decline down to the Outer Coin Dip located at 89000 before a potential resurgence in the bull market.
Conversely, the anticipated pullback does not materialize. In that case, the cryptocurrency may experience upward momentum, retesting the Key Resistance level at 106000 and potentially extending to challenge the completed Outer Coin Rally at 108000 and beyond.
BTC: possible reversal in sight.85K is the 0.5 fibbonachi level measuring from the breakout of downtrend in Nov 24 to ATH. There is a liquidity Zone between 86-89K.
Fair Value Gap between 77-85K
Next liquidity Zone @ 74-76K. Which also marks the 0.5 fibbonachi from the swing low in Aug 24 to peak. 74K is also the previous ATH meaning that there are 3 points of confluence.
Believe that the whales could grab liquidity Zone 1, move easily through FVG, grab the 2nd lot of liquidity before seeing a reversal to the upside.
A touch on the uptrend and moves to "oversold" on RSI would add further confluence.
A long entry @ 75K could be favourable.
If this pattern plays out it would be a -24% drawdown on BTC and alts are correlated by roughly 2:1 therefore a move down for alts of 50% could be on the cards.
Bitcoin has always peaked in November or December of the year following the halving event. And it is believed that we could see a big, brief move down in Feb before seeing a new ATH printed Nov-Dec 25.
Best bitcoin investor (among 100 million)We checked all bitcoin wallets (100MLN+) to find those who buy at the bottom and sell at the peak.
So who is the best bitcoin investor?
Almost everyone knows popular investors like Michael Saylor, except he doesn't sell bitcoins and ends up with an 80% drawdown. And he's not buying at the bottom, he's averaging.
And few people know about those who actually invest competently in cryptocurrencies.
Unfortunately, I can not publish in this post a link to the wallet (because I may be banned), but we do not hide its address.
Here are the details of the wallet
Invested - 11,3k
Profit - 346k
Profit - 3052%
Wallet age 87m
Average Sell Price 34 790$
Average Buy price 14 956$
---------
I also note that he is still holding his position.
BITCOIN BACK TO 92KHello traders as we can see BTC is struggling to climb higher and below the pivot point. A break below the trend line will see support at 92K
Bitcoin H4 (Wave Analysis - UpdateBitcoin H4 (Wave Analysis - Update
As shown in chart, wave 4 almost look like triangle wave and we are in wave d
Regrads,
How to determine trend line in trading?Determining a trend line in trading is a fundamental skill used to identify the direction and strength of a price trend. Here's a step-by-step guide to drawing and interpreting trend lines:
1. Understand the Basics of a Trend Line
A trend line is a straight line that connects two or more price points on a chart, extending into the future to act as a line of support or resistance.
Uptrend Line: Connects higher lows in an upward trend (acts as support).
Downtrend Line: Connects lower highs in a downward trend (acts as resistance).
Sideways/Ranging Market: Price moves horizontally, and trend lines may not be as effective.
2. Identify Key Price Points
For an uptrend, identify at least two higher lows (swing lows) and draw a line connecting them.
For a downtrend, identify at least two lower highs (swing highs) and draw a line connecting them.
The more times the price touches the trend line without breaking it, the stronger and more valid the trend line is.
3. Draw the Trend Line
Use a charting platform to draw the line manually.
Connect the swing lows for an uptrend or swing highs for a downtrend.
Ensure the line is not too steep or too flat; it should reflect the natural slope of the price movement.
4. Validate the Trend Line
A valid trend line should be touched by price at least three times. The more touches, the more reliable the trend line.
If the price breaks the trend line significantly, it may indicate a potential trend reversal or weakening of the current trend.
5. Use Trend Lines for Analysis
Support/Resistance: In an uptrend, the trend line acts as support. In a downtrend, it acts as resistance.
Breakouts: A break below an uptrend line or above a downtrend line may signal a trend reversal or continuation, depending on the context.
Trend Strength: A steep trend line may indicate a strong trend, while a shallow one may suggest a weaker trend.
6. Combine with Other Tools
Use trend lines in conjunction with other technical indicators (e.g., moving averages, RSI, MACD) to confirm trends and potential entry/exit points.
Look for volume confirmation: Increased volume during a breakout or bounce off the trend line adds validity to the signal.
7. Adjust as Needed
Trend lines are not static. As new price data comes in, you may need to redraw or adjust the trend line to reflect the current market conditions.
Example:
BTC has touched the line that I've drawn multiple time so It is a reliable Bullish Trend line. The next Possible connection can be around 93.5k! the line also acts as a support.
By mastering trend lines, you can better identify potential trading opportunities and manage risk effectively. Always practice on historical data and use proper risk management techniques.
Bitcoin Technical and fundamental analysisBitcoin (BTC/USD) Technical & Fundamental Analysis 🏆📊
🔹 Technical Analysis:
📉 Head & Shoulders Pattern – The chart shows a potential bearish reversal with a head & shoulders formation. This signals possible downside momentum if key support breaks.
📌 Key Levels to Watch:
📉 Bearish Trigger: A daily close below $93,225 could confirm breakdown.
🎯 Target: Potential 22% drop to around $72,000-$70,000 support zone.
📈 Resistance: Monthly supply zone near $110,000 (major supply area).
📊 Trend & Structure:
Uptrend Channel: Price is within a long-term ascending channel, meaning overall trend is bullish.
Bearish Breakdown Risk: If the $93,225 level breaks, BTC could test lower blue support near $72,000 before bouncing.
🔹 Fundamental Analysis:
📅 Macroeconomic Factors:
📉 Fed Policy & Interest Rates: If the Federal Reserve signals more rate cuts, BTC could see renewed bullish momentum.
📊 Inflation Data: Lower inflation could drive more institutional investments into BTC.
🚀 Crypto Market Sentiment:
ETF Impact: BTC ETFs have driven demand, but profit-taking is now influencing price action.
Halving Effect: The upcoming Bitcoin halving could reduce supply, supporting long-term bullish momentum.
🔹 Conclusion:
⚠️ Bearish short-term outlook if BTC closes below $93,225 → Possible drop to $72,000.
🚀 Bullish long-term potential due to ETF adoption, halving event, and macroeconomic factors.
📌 Trade Plan: Watch for confirmation of breakdown or bounce before entering positions. 🎯💰 #Bitcoin #BTCAnalysis #CryptoTrading
BTCUSD READY TO PUMP COS DOWN WEDGEHello and good morning traders!
hope you are doing well today I'm sharing my idea about OANDA:BTCUSD
as we discussed about BTC in our last idea it will drop 97k now its at 97k
now here we can see a down wedge has been emerged now lets focus on buy in BTCUSD
key points to watch :
Target 104k
STOP loss @ Support Trendline
hope my idea will be profitable for you
please support me with like and comment on this idea
stay focused follow me for more ideas
Best wishes Tom 😎
Weekly Close is Coming. Bears NOT done yet.So far Bitcoin is doing great from the weekly pov. Weekly downtrend change hasn't been confirmed. We already are in week #7 and weekly candles had closed above $90k meaning bulls are in control of every drop so far. lets see how this one closes. Place your bets ladies and gentlemen and buckle up we are heading to a wild ride.
BTC HEADED NORTH?? the coin seems to be flipping up out of the riddlers hand, batman sees a big w in the sky.
Possible top for BTC for this cycle?Trying to see what the bullish outlook is for #BTC, however I am finding a lot more bearish arguments at this stage then bullish.
Looking at the Daily, Weekly and Monthly Chart:
- RSI printing Bearish Divergences
- Failing to break above the heavy pitch-fork channel formed since 2017 Highs through to the highs in 2021.
Daily:
- 50MA is approaching closer and looks to roll back around.
- Super Guppy band is starting to tighten and turn neutral.
- 5th Wave of Elliot has finished, with a truncated top.
- Double top pattern
- Wyckoff Distribution looks to be in play
Of course if we can break out of this massive channel, this bearishness is no longer valid.
What case for Bullishness can you give me for BTC?
$BTC Bitcoin **Long term PTs +200k and +400k**
About Bitcoin (BTC)
Bitcoin (BTC) is the first cryptocurrency built on blockchain technology, also known as a decentralized digital currency that is based on cryptography. Unlike government-issued or fiat currencies such as US Dollars or Euro which are controlled by central banks, Bitcoin can operate without the need of a central authority like a central bank or a company. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries.
Who created Bitcoin?
The creator is an unknown individual or group that goes by the name Satoshi Nakamoto with the idea of an electronic peer-to-peer cash system as it is written in a whitepaper. Until today, the true identity of Satoshi Nakamoto has not been verified though there has been speculation and rumor as to who Satoshi might be. What we do know is that officially, the first genesis block of BTC was mined on 9th January 2009, defining the start of cryptocurrencies.
How does Bitcoin work?
While the general public perceives Bitcoin as a physical looking coin, it is actually far from that. Under the hood, it is a distributed accounting ledger that is stored as a chain of blocks - hence the name blockchain.
Let's compare how Bitcoin is different from a commercial bank, which operates as a centralized system. Given a situation where Alice wants to transact with Bob, the bank is the only entity that holds the ledger that describes how much balance Alice and Bob has. As the bank maintains the ledger, they will do the verification as to whether Alice has enough funds to send to Bob. Finally when the transaction successfully takes place, the Bank will deduct Alice’s account and credit Bob’s account with the latest amount.
Bitcoin conversely works in a decentralized manner. Since there is no central figure like a bank to verify the transactions and maintain the ledger, a copy of the ledger is distributed across Bitcoin nodes. A node is a piece of software that anybody can download and run to participate in the network. With that, everybody has a copy of how much balance Alice and Bob has, and there will be no dispute of fund balance.
Now, if Alice were to transact with Bob using bitcoin. Alice will have to broadcast her transaction to the network that she intends to send $1 to Bob in equivalent amount of bitcoin. So how does the system determine if Alice has enough bitcoin to execute the transaction? This is where mining takes place.
Bitcoin Mining
A Bitcoin miner will use his or her computer rigs to validate Alice’s transaction to be added into the ledger. In order to stop a miner from adding any arbitrary transactions, they will need to solve a complex puzzle. Only if the miner is able to solve the puzzle (called the Proof of Work), which happens at random, then he or she is able to add the transactions into the ledger and the record is final.
Since running computer rigs cost money due to capital expenditure, which includes the cost of the rigs and the cost of electricity, miners are rewarded with new supply of bitcoins. This is the monetary system behind Bitcoin, where the fees for validating transactions on the network is paid by the person who wishes to transact (in this case it is Alice).
This makes the Bitcoin ledger resilient against fraud in a trustless manner. While it is resilient, there are still some risks associated with the system such as the 51% attack where by miners control more than 51% of the total computation power and also there can be security risks outside of the control of the Bitcoin protocol.
BTC Fibonacci Time Zone Inflection - Sun, 2/9 to Mon, 2/10Practicing here & publishing for prosperity in case this voodoo fib time series actually works. Confluence, directional, range, yadda, yadda.
Fib time zone marks potential reversals or major inflections using fib time series. Using the drop from 108k to 89k marked with yellow circles, the fib time zone predicts another major inflection on Sunday, Feb 9th on the Daily chart and Monday, Feb 10th on the Weekly chart.
Bitcoin to Gold ratio - Fair value 40 until March 1Until March 1, Bitcoin to Spot Gold ratio fair value is 40
BTC | Feb 2025Black = Yearly timeframe candle, levels, trends
Pink = Monthly timeframe candle, levels, trends
Grey = Weekly timeframe
Red = Daily timeframe
Orange = 4hr
yellow = 1hr
blue = 15min
green = 5min
not all timeframe candles, levels, trends, marked or shown. methodical top down analysis.
BS = Backside level.
expectation = strong price reaction. i.e candle should start to reach / "wick" down to Backside levels. If that expectation is not met, then, price is targeting lower in the range to the Frontside (FS) candle. If price is below a BS level or FS level, it will act as resistance until price can get above the level.
FS = Frontside candle
expectation = hold price until reversal, trend break. "consolidation", "soups", "sharp turns" whatever you want to call it, expect that here. Classic trend breaks happen if price can be supported by a frontside level. If price is closing below this level, then, look for Inverse levels to start forming and reversing the move. the range is failing. dropping off a cliff scenarios happen when Frontside levels fail.
Inv. BS = Inverse backside.
expectation = same as Backside level but resistance for price.
Inv.FS = Inverse Frontside.
expectation = same as frontside level but resistance for price.
BTC weekly zones
🚀 Bullish Breakthrough for Bitcoin on Weekly Time Frame! 🚀
Just in from @RSI_Trading_Concepts on @TradingView - the Bitcoin weekly chart is a beacon of bullish sentiment! 📈 The analysis highlights how the #BTC bulls are not just defending but thriving at the Overbought (OB) zone low on the weekly time frame, showcasing their strength and determination. 💪
🔹 Key Insights:
Following a significant breakout in late 2023, Bitcoin has been on a steady upward trajectory.
The bulls have impressively defended the OB Low at $53,841 on the weekly chart, indicating strong support within this zone.
This defense of the OB Low, especially in an overbought RSI context, suggests that the market sentiment remains overwhelmingly positive, with momentum favoring further gains.
🔹 What This Tells Us:
This isn't just a defense; it's a statement from the Bulls. Holding strong at this critical level, particularly after RSI has indicated overbought conditions, is a powerful sign that the current trend might continue. The market is showing us that despite being in overbought territory, the appetite for Bitcoin is still voracious.
Don't overlook this signal! The resilience at this key level on the weekly chart could propel Bitcoin to new heights. Keep your eyes on this zone and prepare for what might be an exhilarating journey upwards. 🚀💹 #Bitcoin #Bullish #Crypto #RSI #TradingView
$BTC Current Correction Analysis 2/7/2025The chart illustrates potential targets for the current correction pattern of $BTC. If the $957xx level is broken, the decline is likely to continue to T1 ($92,928) or even further to T2 ($87,140)
Let's see how it goes!
#BTC #BTCUSD #Bitcoin CRYPTOCAP:BTC
