BTC/USDTThere are only 2 hours left until the daily close, and it appears that the recent upward move was a false breakout. If we close below the resistance line of the rising wedge pattern, it could signal further downside ahead.
BTCUSDT.3S trade ideas
BTC Long ideathe last BTC was a little bit ago sorry for the wait, there havent been many opportunities for good rr trades since last time i posted. however now there is. This 8H zone is perfect to continue the long trend of btc with very minimum risk and a lot of potential profit if you trail your stoploss well. i will be looking for confirmation in this 8H SnD with a rather tight SL hoping for at least 1:5 rr to the target, from there i will take a hefty portion off and trail the remaining position. i have developed my own entry criteria and you guys should aswell. if you havent yet developed your own, i highly recommend you do so through thorough back and front testing.
anyways hope you guys like the idea and take the trade with me, let me know if you do end up taking it ;)
BTC quick view on the situationBTC, given the current rise and breakout above the symmetrical triangle, pushed out of the consolidation area but retraced within a day to touch and thus retest the symmetrical triangle. now, usually that means it confirms the breakout so let's see if that's the case here and goes back up towards 100k.
21k before Trump will lose USA elections in November.So it's obvious, that BTC will rally to reach new ATH before November and will collapse miserably after Trump will lose USA election and stock market crash. Also, COVID-19 will create real apocalypse in the USA (I'm talking about riots and shooting in the streets because bastards there have too many guns and not so much brain). But if Russia will help Trump with reelection, bitcoin will pump further to the moon.
#shorttesla
LONG SETUP NEW ATHAfter hitting 100k btc dropped. But it encountered an important S/R Zone. So I guess we have to see new ATH.
possible btc entry through fibo 98.000 aproxpossible btc entry through fibo 0.5 - 0.618 98700 97800 better zone
What do you know about Bitcoin?Dea Gents,
Agrresive bearish displacement portraying potential Draw On Liquidity to the breaker block with confluence :
1) BB
2) DOL
3) BISI
4) PD Array
Let me know your thoughts, and good day to you all.
Technical Analysis of Bitcoin (BTC/USDT) Potential Upside Levels
Overview of the Chart
The chart illustrates the 4-hour timeframe of Bitcoin (BTC/USDT) using the Ichimoku Cloud and Alligator Indicator, highlighting key support and resistance levels.
Key Levels and Observations
Support at $98,339:
The $98,339 level serves as a strong support zone, coinciding with the lower boundary of the Ichimoku Cloud. This level is crucial for maintaining the bullish momentum.
Resistance at $105,374:
The $105,374 level is identified as a key resistance zone. A break above this level could lead to a significant continuation of the bullish trend.
Ichimoku Cloud:
The price is trading above the cloud, confirming a bullish sentiment. The cloud’s upward slope indicates strong support below current price levels.
Alligator Indicator:
The Alligator lines are aligned in a bullish formation, with the green (lips) leading the blue (jaw). This suggests increasing momentum to the upside.
Potential Scenarios
Bullish Continuation:
If Bitcoin holds above $98,339 and breaks through $105,374, we could see a rally toward higher levels, potentially testing the $107,000-$110,000 range.
Bearish Pullback:
Failure to hold $98,339 as support could result in a deeper retracement toward the $96,000-$95,000 zone.
Summary and Recommendations
For Buyers: Consider entering long positions upon a breakout above $105,374, targeting higher levels with a stop-loss below $98,339.
For Sellers: Look for shorting opportunities if Bitcoin closes below $98,339, targeting the next support zone.
With strong bullish signals present in the indicators, traders should monitor the resistance and support levels closely, as any breakout or breakdown could signal the next major move.
3400 points in BTC Sentiment Indicator Rocks finally a breakout and 3400 points. this is the power of sentiment so does the indicator (which is paid by the way). good things shouldn't be free. awesome move and still signal on.
Bitcoin Correction: Targeting $98,000After failing twice to break through the upper boundary of its channel, Bitcoin has entered a corrective phase. It broke below the lower boundary of the channel, retested it as resistance, and is now gradually moving downward toward the $98,000 level.
This downward move appears to be part of a healthy market cycle, potentially resetting overbought conditions and creating new opportunities for buyers. Traders should watch for potential support zones and remain cautious of further volatility.
A strategy to Trading BitCoin in price discovery areasTrading any asset while its in a price area it has never reached before can be a difficult task. In this video im going to show you how to trade bitcoin while its in its all time high zones and just like any asset, this method will work as well.
BTC a comprehensive analysishello guys...
let's investigate about BTC through Elliot!
Wave 1 to Wave 4:
Wave 1 initiates the bullish trend.
Wave 2 consolidates into a flat or corrective pattern.
Wave 3 is extended, showing a strong upward trend (impulse).
Wave 4 forms a triangle or corrective structure, preparing for Wave 5.
as you know there are 3 common alternative waves 5 right now!
the first scenario is wave 5 be the %61 of wave 3! It means the current situation!
Conservative Target (96,598.96 - 0.618 Fibonacci Extension):
Analysis: Wave 5 terminates slightly above the end of Wave 3. This scenario suggests that Wave 5 could face resistance near the 0.618 Fibonacci extension and align with market exhaustion after an extended rally.
Outcome: A shorter rally indicates that market momentum may slow down significantly.
Likelihood: Low to Moderate
Why?
Wave 3 extension is significant in your chart, often a sign of a strong uptrend. Wave 5 typically equals or exceeds Wave 3, so a short Wave 5 is less common unless momentum is weak.
When is it likely?
If resistance is around $96,600, it is due to overbought conditions or lack of demand.
If Wave 5 follows a truncated structure (which happens in rare cases).
The second scenario is that wave 5 be as high as wave 3
Moderate Target (146,754.93 - Fibonacci 1.0 Extension):
Analysis: This scenario assumes Wave 5 reaches parity with Wave 1 and Wave 3 in terms of magnitude. It aligns with the 1.0 Fibonacci extension, a key projection level in Elliott Wave analysis.
Outcome: Suggests sustained bullish momentum, supported by volume and macroeconomic conditions.
Likelihood: High
Why?
Wave 5 extension parity with Wave 1 or Wave 3 is typical in Elliott Wave theory.
A target at the 1.0 Fibonacci level reflects a balance between bullish momentum and market saturation.
Cryptocurrency markets often respect Fibonacci levels, especially during trends.
External factors like increasing institutional adoption (e.g., Bitcoin ETFs) and positive sentiment around Bitcoin could support this scenario.
When is it likely?
If the broader macro trend supports continued momentum (e.g., dollar weakness, institutional inflows).
If the market exhibits sustained volume without becoming overheated.
and the final scenario
Aggressive Target (288,680.96 - 1.618 Fibonacci Extension):
Analysis: Wave 5 enters a parabolic phase, often seen in cryptocurrency markets during speculative mania. The target aligns with the 1.618 Fibonacci extension, indicating a highly extended rally fueled by exponential growth or hype.
Outcome: This could lead to market overvaluation, followed by a sharp corrective phase.
Likelihood: Moderate
Why?
While Bitcoin is known for its parabolic rallies, such an aggressive extension would require exceptional circumstances.
Potential drivers could include:
Rapid institutional adoption.
Major geopolitical instability driving demand for hard assets.
Speculative mania (e.g., retail FOMO, media hype).
However, achieving this target would likely trigger a significant correction afterward.
When is it likely?
If Bitcoin enters a speculative "blow-off top" phase like in late 2017 or 2021.
If external catalysts (e.g., Bitcoin halving effects, spot ETF approvals, mass adoption) align simultaneously.
Prepare for the moderate scenario ($146,754) but remain flexible. If the market displays speculative characteristics, the aggressive scenario ($288,680) becomes more probable. Conversely, signs of exhaustion at lower levels could limit the rally to $96,600.
BTC BriefingHi Traders,
Look at 1H
Possible area to mitigate the residue orders as indicated.
Also, it shows 0.618 retracement at the same time.
Order block area indicated was resistance break out zone.
It shows many beneficial matters for placing an position later.
Waiting is key for long run trader.
Good luck.
BTC Long Setup $100KA 1D candle close through the 1D level = bullish trend continuation guaranteed.
But a 1D candle close through the level doesn't mean that price is not 'allowed' to get back and close below this level (only for BTC, altcoins I don't know: Doge would argue otherwise for example). It is allowed to and the reason why this should be kept in mind is because there is a clean level created (blue circle).
But the presence of a clean level doesn't necessarily mean that the level will get hit. It will depend on how LTF PA develops at the high which we will get into below.
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If price hits the current highest high, making a new HH, then the LTF lowest low which created this new HH will be the new HL and if price gets below this HL then there's a chance price will hit the clean level.
If price doesn't hit the current highest high but goes down instead, then the clean level likely won't be hit.
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But... we want the trade, what will be the trade?
I'm hesistant of the right SL: what's that consolidation inbetween before pump all about? Could price get below this or not? If not, then the right SL is the low of this consolidation.
If price doesn't make a new HH I think price shouldn't get below this consolidation because there's inefficiency above it (which is strong and will likely hold when price comes down to it without SFP/MSB at highs).
So the SL is the low of this consolidation.
And the entry will be the downcandle after inefficiency.
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If price doesn't go down further and makes a HH instead I don't really know what to do. I then have to see how price develops again.
