#202518 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well.
comment: Only Thursday was bullish and right now market is trying to decide if this breakout was legit or not. If bulls can stay above 95000, the breakout above has a higher chance of being succesful. Below 94000 it has likely failed and I favor the bears for more downside.
current market cycle: weekly chart says continuation of the bull trend but i highly doubt it. much more likely we are in a big trading range 73000 - 110000
key levels: 85k - 100k (if bears somehow manage to get below 85k again, we test 80k next)
bull case: Bulls want this breakout to be the start of the third leg up for 100000. That’s all there really is to it. Bull trends need higher lows and higher highs and if bulls fail to prevent the market from falling below the breakout bar under 94000, this was likely a bull trap.
Invalidation is below 94000.
bear case: Bears want a trading range 70000 - 98000 and not let market hit 100000 again because that would for sure attract more degenerates again. Bears really don’t have much here until they print a decent bear bar that gets below 94000. This looks as bullish as can be and above 98000 I expect 100k to be hit.
Invalidation is above 101k.
short term: Neutral. Below 94000 it’s likely a failed breakout and above 97000 we can expect 100000 or more. Above 100000 there would not be a reason not to go for a new ath, same as for other markets like dax.
medium-long term - Update from 2025-04-13: Bear targets for this year are met. Now we likely range before we get new impulse to either side. I wait for market reaction around 100000 before I write more here. For now my assumption is still that this will be a trading range 73000 - 100000 for longer than a retest or even new highs.
BITCOIN trade ideas
Ratio Charts in TradingView and IAAbove you can see the Bitcoin to Ethereum ratio chart. Ratio analysis between two or more symbols is a critical method for comparing the strength and weakness of assets relative to each other. TradingView offers basic capabilities for this task, but with the help of artificial intelligence (AI) and custom scripts, much more advanced and creative analyses can be conducted.
Here are some practical ideas:
1. Creating Conditional Ratio Scripts
2. Comparing Relative Averages and Issuing Smart Signals
3. Calculating Composite Ratios of Multiple Assets
4. Smart Alerts Based on Price Pattern Breakouts
For more information, search Google for "How to Use Ratio Charts in TradingView: A Hidden Gem for Traders."
BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 96,851.50
Target Level: 85,148.99
Stop Loss: 104,653.17
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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BTCUSD: Reclaimed 100k after 3 months! Next wave to $190k.Bitcoin has turned overbought on its 1D technical outlook (RSI = 73.178, MACD = 2904.000, ADX = 30.769) as it reclaimed the $100,000 marke after exactly 3 months. This is a very structured bullish pattern that consists of a Bullish Wave that peaks and leads to a Megaphone consolidation, which in turn starts the next Bullish Wave. Both waves so far have been around +16.30%. As the 8H MA50 perfectly held Tuesday's low, the pattern has already started the new Bullish Wave, which technically aims for yet another +16.30% rally (TP = 109,000).
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$97,769 and 44 cents Coinbase: BTC Genesis Fib a MAJOR barrier Shown here is a single Fib series in three different timeframes.
The "Genesis Sequence" has caught all major turns since 2015.
First fib above the Golden Genesis is likely to get a reaction.
It is PROBABLE that we "orbit" this fib a few times.
It is POSSIBLE that we Break-and-Retest to continue.
It is PLAUSIBLE that we Reject for a significant Top.
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Previous Plots below
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$75k Long entry:
$105k Top call
$85.3k Break entry:
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BTCUSD: Gathering Momentum for a BreakthroughThe price of BTCUSD strongly broke through the threshold of $97,000 this week, showing a robust upward momentum. Although there has been a pullback currently, it still remains in a strong uptrend above $95,000 overall. In the short term, the primary target for the upward movement is $98,000. If this level is broken through, the focus will shift to the significant psychological level of $100,000. However, when the price of BTCUSD approaches the level of $98,000, this area will form a resistance, and investors should be cautious about the potential risk of a pullback. If it unexpectedly breaks below the support level of $93,000, it may pull back to the area around $89,000.
Taking all factors into consideration, the overall trend of BTCUSD next week is relatively optimistic, with a high probability of continuing to break through upwards. However, the risk of a pullback should also be watched out for. There are uncertainties in the market, and macroeconomic factors such as the progress of negotiations between the United States and its major trading partners may also have an impact on the price of Bitcoin. Therefore, relevant news should be closely monitored.
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Bitcoin Bulls Aim for $102K – Breakout or Rejection Ahead?🚀📈 Bitcoin Bulls Aim for $102K – Breakout or Rejection Ahead? 🔍🧠
Good morning, good afternoon, or good evening — wherever you are in the world, Bitcoin is pumping, and that’s always a good sign for the bulls! 🐂
In my last BTC update, we anticipated a bounce from the key support zone around $93,600–$93,800, and price respected this level to the dot, rocketing upward just as expected. 🔥✅ That level acted as a strong springboard, and now BTC is climbing through a well-respected ascending channel on the 15-min chart.
📊 Key levels to watch:
Middle of the channel: ~$98,689
Top of the channel: ~$100,636
Psychological level: $100,000
Projected breakout target: $102,774 (60% probability 🚦)
Major resistance beyond: $113,000
However, there's always the alternate scenario: a 40% chance that we reject under $97,400, re-enter the lower end of the channel, and potentially drop toward $92,000 if that support fails. This would flip the bullish structure short-term — something to keep on your radar. ⚠️
This is a high-momentum situation, and I’ll be watching for confirmation of breakout or breakdown. Stay alert, keep your risk in check, and let the chart guide your trades. 📉📈
Let me know your thoughts in the comments — are we headed for $113K or due for a cooldown?
One Love,
The FXPROFESSOR 💙
Bitcoin is about to make an upward breakthrough!The price of BTCUSD strongly broke through the threshold of $97,000 this week, showing a robust upward momentum. Although there has been a pullback currently, it still remains in a strong uptrend above $95,000 overall. In the short term, the primary target for the upward movement is $98,000. If this level is broken through, the focus will shift to the significant psychological level of $100,000. However, when the price of BTCUSD approaches the level of $98,000, this area will form a resistance, and investors should be cautious about the potential risk of a pullback. If it unexpectedly breaks below the support level of $93,000, it may pull back to the area around $89,000.
Taking all factors into consideration, the overall trend of BTCUSD next week is relatively optimistic, with a high probability of continuing to break through upwards. However, the risk of a pullback should also be watched out for. There are uncertainties in the market, and macroeconomic factors such as the progress of negotiations between the United States and its major trading partners may also have an impact on the price of Bitcoin. Therefore, relevant news should be closely monitored.
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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Gold's Slide Powers BTC Past 100K: Time to Short at Highs🚀 BTC Explodes Past the 100,000 Milestone!
Today, BTC shattered the highly anticipated 100,000 mark, sending shockwaves through the crypto market. But this remarkable rally came at a steep cost—💥 many traders faced liquidations, wiping out their accounts as the price volatility reached a fever pitch.
💎 The Gold - Crypto Connection
Interestingly, as gold continues its noticeable downward slide 📉, virtual currencies are stepping in as an alternative haven. The influx of capital seeking new opportunities has fueled the upward trajectory of cryptos, firmly establishing their bullish momentum.
📈 What’s Next?
With the 100,000 resistance now decisively breached, BTC is poised to climb even higher, riding the wave of its recent triumph 🌊. But savvy traders are eyeing a strategic play: once the price hits a peak, it could be prime time to short at the highs ⏳—a move that balances the allure of profit with the inherent risks of a volatile market.
⚡⚡⚡ BTCUSD ⚡⚡⚡
🚀 Sell@101000
🚀 TP 98000 - 97000
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟
BTCUSD... 1H CHAT PATTERNMy describing a BTC/USD (Bitcoin to US Dollar) *long trade setup* with the following parameters:
* *Entry (Buy):* 9584
* *1st Target (TP1):* 9600
* *2nd Target (TP2):* 9755
* *Stop Loss (SL):* 9500
### Trade Summary:
* *Risk:* 84 points (9584 - 9500)
* *Reward (TP1):* 16 points
* *Reward (TP2):* 171 points
* *Risk/Reward Ratio:*
* TP1: \~0.19 (not favorable)
* TP2: \~2.04 (good)
### Key Considerations:
* TP1 is very close to the entry price — possibly useful for a quick scalp or partial exit.
* The overall trade becomes favorable if you're targeting TP2 and using proper position sizing.
* Ensure this aligns with your trading strategy and current market conditions (momentum, support/resistance, volume).
BTCUSD 1HThis chart shows a short (sell) trade setup for Bitcoin (BTC/USD) on the 1-hour timeframe. Here’s a breakdown:
Entry Point: Around $99,617
Stop Loss: Around $100,553 (red zone above entry)
Take Profit / Target: Around $96,618 (green zone below entry)
The label “TARGET SUCCESSFUL” suggests that the price hit the take profit level, completing the trade profitably.
Would you like help analyzing this setup further or replicating a similar one for another chart?