BTC SHORT TP:99,550 03-02-2025Btc short on a one-hour timeframe, with a take profit at 99,500. This should happen within 5 to 8 hours; otherwise, the analysis is invalidated.
BTCUSD trade ideas
Short BTC USD on sideways rangesBTCUSD Technical Analysis
February 4, 2025
Trade Setup: Short Position
set up : price rejection with bearish candle on 0.382 fib
Trading Range: Sideways consolidation pattern
Timeframe: 4 H
Technical Structure
Price testing major resistance level at 100,223 or 0.382 fib
Sideways trend indicating market indecision on since
Range-bound price action on daily chart
Resistance zone historically significant
Stop Loss: Above range high
Take Profit: Lower range major support at 92k area
Position size: According to risk tolerance
Possible Cycle Top According to Wyckoff TheoryPrice action strongly resembles the Wyckoff distribution phase, which could indicate that the cycle top is in. We are waiting to see if a final high will be set or not.
The invalidation of this idea is straightforward:
If the price breaks above 110K and finds acceptance there—such as with a monthly close—this would be a reaccumulation rather than a distribution.
BTC back below 100kSo btc is flagging hard... is this a bull flag? on the faster time frames yes... slower time frames we are forming a bear flag.... which way do we go....if its down....buy buy buy!
if its up....memecoin it up and be your best degen...
Put Crypto into NFTart.... share the love
Closing my entire crypto position todayBitcoin prices have been consolidating since December '25 (around 60 days) after multiple failed attempts to continue the uptrend (as indicated by the purple Xs on the chart).
Even though I remain bullish on the asset in the long term, I decided to close all my cryptocurrency positions today and allocate 100% in dollars. From a technical perspective, a double-top pattern has started to form, which is a bearish signal, and I’d rather not risk waiting to see if it gets confirmed or if the asset simply continues moving sideways.
I prefer to watch this consolidation from the sidelines and accept the risk of buying back at a slightly higher price only after a breakout—if it happens. If it doesn’t, closing my positions will have been a successful protective move.
I also acknowledge the formation of a flag pattern near the upper resistance of the range, but again, if it confirms and breaks out, I will re-enter. For now, I’m choosing the more cautious path and prioritizing capital protection.
Part of this position was bought recently, around 100k, speculating on potential euphoria after reaching that price level. Another portion was acquired around 60k in September '24.
$BTC and the exit pump to new highs before new lows?Ever since November/December, BTC has largely moved sideways in a wide range from FWB:88K -$109k.
Now that we've bounced off of $91k again this morning, I think that sets BTC up for a big bull trap. I think that we're likely to go to new highs either this week or before 2/21 up to the top resistances (although we don't necessarily have to make it up there), and then everyone will buy the new highs before we go to new lows.
This is a classic distribution top here and I think we'll see new lows by March. We can go as low as the bottom supports down $65-66k and the chart can remain bullish on the high timeframes.
I'm fully out of crypto and have only been speculating directionally by buying calls/puts on COIN (which I currently have calls on). This market has been extremely hard for most investors as they've been speculating in alts and most alts have continued to bleed out while BTC has ranged. I think alts will see new lows (yes, today's move was not the bottom, and the bull market will only start once most people have given up on crypto).
I'm bullish long-term, but still bearish in the near term and plan to buy back my position sometime in March once the distribution has played out to the downside.
Good luck from here on out.
BTCUSD Short Move in Play? Bitcoin (BTC) – Updated Multi-Timeframe Technical Analysis
1. Weekly Timeframe
1. Ascending Parallel Channel (2023–Present)
• BTC has trended within a broad channel since early 2023, topping out at ~107,000 near the channel’s upper boundary. Price is currently consolidating in the 90,000–103,000 region.
• The lower trend line of this weekly channel sits much lower—around 65,000, serving as a key reference if a deeper correction unfolds.
2. Moving Averages & Ichimoku
• The 50 > 100 > 200 SMA alignment underlines a long-term bullish posture.
• Price remains above the Ichimoku Cloud, with the lagging span also above price—consistent with a bullish macro outlook.
3. Bollinger Bands
• BTC spent several weeks above the upper band, reflecting strong momentum. Price is now back inside, above the basis line (20 SMA), but could retrace further if overhead resistance persists.
4. Horizontal Supports & Order Blocks
• Major weekly supports near 67,000 and 48,000, should the correction gain momentum.
• A key bullish pivot was the break of a bearish OB on 29 Jan 2024, fueling the run from ~73,000 to 100k+.
5. Momentum & Volatility
• RSI has slipped from ~80 to ~65—still bullish but cooling off.
• MACD is positive yet waning on the histogram, hinting at reduced momentum.
• ADX ~41 with declining +DMI signals potential trend fatigue near the top of the channel.
Weekly Conclusion: The overarching trend remains bullish; however, any decisive break below 90,000 (and certainly below the wedge on the daily) raises the probability of a deeper move toward the lower channel boundary (~65,000) or other major supports.
2. Daily Timeframe
1. Rising Wedge / Potential Breakdown
• Price has formed a rising wedge with nominal resistance near 108,000.
• A clear break below ~92,000–90,000 would confirm a wedge breakdown, which is bearish, possibly targeting much lower supports (e.g., 72,000 daily OB, 65,000 weekly channel).
2. Moving Averages & Ichimoku
• 50 > 100 > 200 SMA still shows a longer-term bullish outlook.
• Price, however, is below the 20 EMA; short MAs have been choppy due to consolidation.
• Ichimoku Cloud future is turning red, and the lagging span hovers around price—signals momentum may be fading.
3. Bollinger Bands & Market Structure
• BTC slipped under the daily Bollinger basis line and the bands are contracting, often a precursor to a significant price move.
• The wedge top at ~108,000 stands as the main upside barrier, while 92,000–90,000 is critical support that, if lost, likely confirms the wedge break.
4. Order Blocks & Key Levels
• Bullish OB around 92,000 helps define current support.
• The next major daily OB is at 72,000, aligned with prior structural levels. Losing 92k–90k support could open the path down to this deeper zone.
5. Momentum & Volatility
• RSI near 50; dropped to ~43 then recovered slightly—indicative of a neutral-to-bearish tone.
• MACD is in a modestly bearish phase; histogram is waning, reflecting a slow drift.
• ADX ~16, consistent with indecision/range conditions. +DMI < -DMI suggests mild bearish tilt.
Daily Conclusion: The rising wedge is a key pattern. A drop below 92,000–90,000 would confirm a bearish breakdown, potentially triggering a move toward the 72,000 daily OB or even lower. Conversely, pushing above 108,000 would invalidate the wedge breakdown scenario and resume the uptrend.
3. 4-Hour Timeframe
1. Descending Trendline & Bearish Structure
• The 4H chart shows lower lows, lower highs. Price is attempting to retest a descending trendline near 102,000–103,000.
• Shorter MAs are arranged in a bearish fashion (10 < 50 < 100 < 200), and price dipped under the 200 SMA before bouncing.
2. Ichimoku & Indicators
• Price is below the 4H Ichimoku Cloud, with the lagging span also below price—indicating 4H bearish momentum.
• RSI rebounded from oversold to ~54, a technical bounce within a broader downtrend.
• MACD turned bullish (crossover) but remains below zero, suggesting a corrective upswing rather than a trend reversal.
3. Order Blocks & Volume Profile
• A previously bullish OB around 100,000 has been broken; 105,000–106,000 overhead stands as the next major supply zone.
• POC near 104,000 in the 4H chart, aligning with descending trendline resistance.
4H Conclusion: Short-term momentum leans bearish. Any rally into 102,000–105,000 faces strong overhead supply. A break above 105,000 is required to shift the 4H bias back to bullish.
4. Sub-4H (2H & 30-Min Highlights)
• 2H Chart:
• Price retested the descending channel resistance near 102k–103k and the 200 SMA from below.
• The 2H MACD is green, but price remains in a lower high, lower low pattern.
• The wedge’s lower boundary is visible, with 90k–92k acting as a key pivot.
• 30-Min Chart:
• Stalling near a local bearish OB ~102,000. A break above 102k–103k could extend the bounce, but the broader structure still warns of a potential wedge breakdown on higher timeframes.
Corrected Trade Setups
(A) Bearish Continuation (Short)
• Scenario: Price rejects the descending trendline (~102k–103k) and breaks back below 100k, confirming the short-term downtrend.
• Entry Trigger: Bearish rejection candles or a break below intraday support (~100k).
• Stop-Loss: Above 104k–105k to account for volatility.
• Targets:
1. 92k–90k (lower wedge boundary / daily OB).
2. If wedge breaks, watch for a quick drop toward 72k (next major daily OB).
(B) Intraday Bounce Play (High Risk)
• Scenario: BTC breaks above the descending trendline and 4H Ichimoku Cloud top (~103k–105k).
• Entry Trigger: 4H close above 105k, accompanied by bullish volume.
• Stop-Loss: Below 102k or the breakout candle’s midpoint.
• Targets:
1. 107k–108k (wedge top).
2. Should BTC clear 108k, it may reenter a strong bullish phase, potentially retesting 110k+.
(C) Deeper Correction Long (Updated)
• Scenario: Price breaks the wedge by losing 90k–92k, turning near-term structure bearish. Ultimately, BTC finds support at deeper levels such as 72k (major daily OB) or even the weekly channel near 65k.
• Entry Trigger: Oversold RSI and bullish reversal patterns on high timeframes (e.g., daily or weekly).
• Stop-Loss: Below the chosen support zone (e.g., ~70k if entering around 72k).
• Targets:
1. Recovery to 90k–92k, then possibly 100k if the market reestablishes momentum.
2. Longer-term reclaim of 108k if the macro bull trend revives.
Note: A break below the wedge is inherently bearish; the idea behind (C) is waiting for a much deeper retracement to historically significant support areas (72k or 65k) that could still keep BTC in a broader macro uptrend on the highest timeframes, depending on price action and fundamental catalysts.
Risk Management & Final Thoughts
1. Macro vs. Micro: The weekly uptrend remains intact as long as price is within or above the large channel (~65k bottom). However, a wedge breakdown on the daily is typically bearish short-to-mid term.
2. Critical Levels:
• 90k–92k: The last daily bullish order block before a wedge breakdown scenario unfolds.
• 72k: Next key daily OB if the wedge breaks—this could serve as a deeper correction target.
• 65k: Weekly channel support, a historically important pivot.
3. Volatility: ATR remains elevated, so watch for swift moves once a break occurs (above 105k or below 90k).
4. Fundamental Catalysts: Bitcoin is susceptible to macro risk sentiment, liquidity injections, and major news events. Keep an eye on market-wide developments.
Disclaimer: This technical analysis is provided for informational purposes only and should not be taken as financial advice. Always perform independent research and manage your risk diligently.
BTCUSD Correction Looming?
Bitcoin (BTC) – Updated Multi-Timeframe Technical Analysis
1. Weekly Timeframe
1. Ascending Parallel Channel (2023–Present)
• BTC has trended within a broad channel since early 2023, topping out at ~107,000 near the channel’s upper boundary. Price is currently consolidating in the 90,000–103,000 region.
• The lower trend line of this weekly channel sits much lower—around 65,000, serving as a key reference if a deeper correction unfolds.
2. Moving Averages & Ichimoku
• The 50 > 100 > 200 SMA alignment underlines a long-term bullish posture.
• Price remains above the Ichimoku Cloud, with the lagging span also above price—consistent with a bullish macro outlook.
3. Bollinger Bands
• BTC spent several weeks above the upper band, reflecting strong momentum. Price is now back inside, above the basis line (20 SMA), but could retrace further if overhead resistance persists.
4. Horizontal Supports & Order Blocks
• Major weekly supports near 67,000 and 48,000, should the correction gain momentum.
• A key bullish pivot was the break of a bearish OB on 29 Jan 2024, fueling the run from ~73,000 to 100k+.
5. Momentum & Volatility
• RSI has slipped from ~80 to ~65—still bullish but cooling off.
• MACD is positive yet waning on the histogram, hinting at reduced momentum.
• ADX ~41 with declining +DMI signals potential trend fatigue near the top of the channel.
Weekly Conclusion: The overarching trend remains bullish; however, any decisive break below 90,000 (and certainly below the wedge on the daily) raises the probability of a deeper move toward the lower channel boundary (~65,000) or other major supports.
2. Daily Timeframe
1. Rising Wedge / Potential Breakdown
• Price has formed a rising wedge with nominal resistance near 108,000.
• A clear break below ~92,000–90,000 would confirm a wedge breakdown, which is bearish, possibly targeting much lower supports (e.g., 72,000 daily OB, 65,000 weekly channel).
2. Moving Averages & Ichimoku
• 50 > 100 > 200 SMA still shows a longer-term bullish outlook.
• Price, however, is below the 20 EMA; short MAs have been choppy due to consolidation.
• Ichimoku Cloud future is turning red, and the lagging span hovers around price—signals momentum may be fading.
3. Bollinger Bands & Market Structure
• BTC slipped under the daily Bollinger basis line and the bands are contracting, often a precursor to a significant price move.
• The wedge top at ~108,000 stands as the main upside barrier, while 92,000–90,000 is critical support that, if lost, likely confirms the wedge break.
4. Order Blocks & Key Levels
• Bullish OB around 92,000 helps define current support.
• The next major daily OB is at 72,000, aligned with prior structural levels. Losing 92k–90k support could open the path down to this deeper zone.
5. Momentum & Volatility
• RSI near 50; dropped to ~43 then recovered slightly—indicative of a neutral-to-bearish tone.
• MACD is in a modestly bearish phase; histogram is waning, reflecting a slow drift.
• ADX ~16, consistent with indecision/range conditions. +DMI < -DMI suggests mild bearish tilt.
Daily Conclusion: The rising wedge is a key pattern. A drop below 92,000–90,000 would confirm a bearish breakdown, potentially triggering a move toward the 72,000 daily OB or even lower. Conversely, pushing above 108,000 would invalidate the wedge breakdown scenario and resume the uptrend.
3. 4-Hour Timeframe
1. Descending Trendline & Bearish Structure
• The 4H chart shows lower lows, lower highs. Price is attempting to retest a descending trendline near 102,000–103,000.
• Shorter MAs are arranged in a bearish fashion (10 < 50 < 100 < 200), and price dipped under the 200 SMA before bouncing.
2. Ichimoku & Indicators
• Price is below the 4H Ichimoku Cloud, with the lagging span also below price—indicating 4H bearish momentum.
• RSI rebounded from oversold to ~54, a technical bounce within a broader downtrend.
• MACD turned bullish (crossover) but remains below zero, suggesting a corrective upswing rather than a trend reversal.
3. Order Blocks & Volume Profile
• A previously bullish OB around 100,000 has been broken; 105,000–106,000 overhead stands as the next major supply zone.
• POC near 104,000 in the 4H chart, aligning with descending trendline resistance.
4H Conclusion: Short-term momentum leans bearish. Any rally into 102,000–105,000 faces strong overhead supply. A break above 105,000 is required to shift the 4H bias back to bullish.
4. Sub-4H (2H & 30-Min Highlights)
• 2H Chart:
• Price retested the descending channel resistance near 102k–103k and the 200 SMA from below.
• The 2H MACD is green, but price remains in a lower high, lower low pattern.
• The wedge’s lower boundary is visible, with 90k–92k acting as a key pivot.
• 30-Min Chart:
• Stalling near a local bearish OB ~102,000. A break above 102k–103k could extend the bounce, but the broader structure still warns of a potential wedge breakdown on higher timeframes.
Corrected Trade Setups
(A) Bearish Continuation (Short)
• Scenario: Price rejects the descending trendline (~102k–103k) and breaks back below 100k, confirming the short-term downtrend.
• Entry Trigger: Bearish rejection candles or a break below intraday support (~100k).
• Stop-Loss: Above 104k–105k to account for volatility.
• Targets:
1. 92k–90k (lower wedge boundary / daily OB).
2. If wedge breaks, watch for a quick drop toward 72k (next major daily OB).
(B) Intraday Bounce Play (High Risk)
• Scenario: BTC breaks above the descending trendline and 4H Ichimoku Cloud top (~103k–105k).
• Entry Trigger: 4H close above 105k, accompanied by bullish volume.
• Stop-Loss: Below 102k or the breakout candle’s midpoint.
• Targets:
1. 107k–108k (wedge top).
2. Should BTC clear 108k, it may reenter a strong bullish phase, potentially retesting 110k+.
(C) Deeper Correction Long (Updated)
• Scenario: Price breaks the wedge by losing 90k–92k, turning near-term structure bearish. Ultimately, BTC finds support at deeper levels such as 72k (major daily OB) or even the weekly channel near 65k.
• Entry Trigger: Oversold RSI and bullish reversal patterns on high timeframes (e.g., daily or weekly).
• Stop-Loss: Below the chosen support zone (e.g., ~70k if entering around 72k).
• Targets:
1. Recovery to 90k–92k, then possibly 100k if the market reestablishes momentum.
2. Longer-term reclaim of 108k if the macro bull trend revives.
Note: A break below the wedge is inherently bearish; the idea behind (C) is waiting for a much deeper retracement to historically significant support areas (72k or 65k) that could still keep BTC in a broader macro uptrend on the highest timeframes, depending on price action and fundamental catalysts.
Risk Management & Final Thoughts
1. Macro vs. Micro: The weekly uptrend remains intact as long as price is within or above the large channel (~65k bottom). However, a wedge breakdown on the daily is typically bearish short-to-mid term.
2. Critical Levels:
• 90k–92k: The last daily bullish order block before a wedge breakdown scenario unfolds.
• 72k: Next key daily OB if the wedge breaks—this could serve as a deeper correction target.
• 65k: Weekly channel support, a historically important pivot.
3. Volatility: ATR remains elevated, so watch for swift moves once a break occurs (above 105k or below 90k).
4. Fundamental Catalysts: Bitcoin is susceptible to macro risk sentiment, liquidity injections, and major news events. Keep an eye on market-wide developments.
Disclaimer: This technical analysis is provided for informational purposes only and should not be taken as financial advice. Always perform independent research and manage your risk diligently.
BTC FALLING WEDGEas much as btc has recovered amazing from yesterdays pullback, its starting to look like a falling wedge and btc will head back down from $102,300
i dont give targets just ideas. dyor
Next Huge Bearish Move on 1 Hr for BTCUSDHello Friends,
Thanks for your support. The last bearish move was successfully targeted. Now be ready for the next move.
Entry : 96750
SL : 102500
Target : 81900
Please share your opinions and lets move together. :)
Thanks
Strategic Equity Longs: Trade Insights 6: BITCOIN 03 Feb 2025Delivering strategic equity longs with precision and insight. Entry criteria gets published before the price event occurs.
Ticker: BTCUSD
Entry criteria: Wait for pullback at $95095 or $95395, observe and proceed
Pattern: Uptrend continuation
Trade insights include detailed entry, exit, position sizing or resizing guidelines, and the most exciting momentum patterns, are available exclusively to subscribers. Build conviction in the details shared before joining the waitlist.
Comment your name & interest to join waitlist.
Long scalp for btcusdtJust buy this instrument with 1:2 r/r and sell it at the latest top breakeven
Dont ask why it would fly
BTC vs ETH is net long on regression breakBTCUSD has maintained a long bias against all of it peers.
The bias on BTCUSD is net-long at this time
BTCUSD Still Net LongAfter a volatile day with Trump tariffs, BTCUSD has managed to maintain a net long bias on the Daily.
2025-02-03 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well.
comment: Bulls erased yesterday’s sell-off and bought around 90k as expected. We are in a trading range and right now we are also contracting again. Do not make more out of it than necessary. You buy low, sell high until the range is clearly broken. Neutral price is 95k - 102k.
current market cycle: trading range
key levels: 90k - 107k
bull case: Bulls strongly reversed the previous 3 bear days and turned the market neutral again. They want to test 104k next and the bear trend line from the ath. Bulls have to stay above 100k or we might test down to 94k or 92k again.
Invalidation is below 92k.
bear case: Bears continue to lack the interest in selling below 94k and so we are in a contracting range. They want to continue making lower highs below 104k and then retest down to 94k. Trade the triangle until broken.
Invalidation is above 105k.
short term: Neutral 95k - 102k, bearish only below 88k. No interest in buying this.
medium-long term - Update from 2025-01-19: 75000 is my biggest target for now and until bears get there, any lower target is just unreasonable. My bias is bearish going into 2025 and I think the odds of a bigger leg down are good.
We are in a big trading range until it’s clearly broken. Bearish targets will only happen once we get a strong move below 90k.
current swing trade: None.
trade of the day: Buying the strong breakout above 96k. No reason to exit longs afterwards.
Bitcoin $10K Swings Elliott and Key SR Zones. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Bitcoin has continued to stay volitile, posting two more $10K+ daily moves. The market has been highly news reactive, with significant swings in both directions.
After testing $93K, price held and has since moved back to the $102K area, a level that has been a key point of interest. The focus now is on whether this level will play as resistance for the wave 3 and return to the 99k area for possible base before continuation or if further retracement is needed before the next move.
Wave 4 Development
From an Elliott Wave perspective, a potential wave 4 retracement is in play, with $99K- GETTEX:98K acting as a key support zone. Holding above this range could set the stage for another leg up. So staying vigilant for a corrective pattern above or to this level.
Key Levels to Watch
$102K and $99K – Significant areas for market structure.
$106K – A level that remains on the radar for further upside.
Long positions from $105.6K and $93.8K provide some flexibility to observe price action and adjust accordingly.
The market remains dynamic, and adapting to real-time developments is key. As price action unfolds, the focus will be on whether key levels hold and what signals and patterns emerge for the next move.
Trade safe, trade smart, trade clarity.
BTC still bullishDespite the scary sell off of circa 15% since last Friday's intraday high to this morning's capitulation low, the immediate term outlook for Bitcoin is still bullish.
Daily RSI is still gaining support each time at 40 (typical of bullish set ups) and price is now back to nearly regaining the 10 day MA which is above the 50 which is in turn above the 200 DMA.
From an EW perspective this can still be a wave 4 formation and upside of 130k + possible in coming weeks.
IDENTIFY LIQUIDITY OR BECOME LIQUIDITY Wait for the price to break out the liquidity and execute with the institutional players.
IDENTIFY LIQUIDITY OR BECOME LIQUIDITY This pair needs focus, deep look and to wait. The market makers always have a unique way of manipulating.
Bitcoin topping against trendlineBe Cautious, This may be the last chance to get out before the huge bearmarket starts.
a sligt punch trough the upper trendline is possible but believe no one who says this is going to 200 K or higher in this next move,
No sight for Altseason either.
BTCUSDBitcoin is currently trading within a well-defined range between $92,000 (support) and $108,000 (resistance). After a strong rejection from the lower boundary, BTC has bounced back toward $100,000, showing signs of recovery.
If price sustains above $98,000-$100,000, BTC could push toward the upper resistance zone at $108,000. However, failure to maintain bullish momentum may result in another retest of $92,000 support, with a potential breakdown leading to further downside.
Traders should watch for a clear breakout above $108,000 for bullish continuation or a break below $92,000 for a deeper correction.
BITCOIN: Pattern gets repeated again and again and again.Bitcoin is on the most desirable buy levels long term as apart from only being neutral on its 1D technical outlook (RSI = 47.257, MACD = 281.800, ADX = 29.399) it just validated today the enormous buying zone that was waiting on the 1D MA100. This is a level that has worked as a buy entry over and over again these 2 years of the Bull Cycle. The last time it did was exactly a year ago on January 22nd 2024. The result was a +90% rally. If this gets repeated again the exact same way, then a new ATH at 170,000 is more than plausible.
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