BTC could continue following the blue arrow from my previous idea, as the price broke above and then retested the blue fib circle, followed by a bullish candle close yesterday.
If the price closes below the fib circle, we could follow the red arrow and head toward the high 90s before aiming for 115k and potentially higher.
Major resistance lies at the trendline formed by the two previous local tops at 105.5k, as well as the orange trendline around 111k.
Here is a better view of the orange trendline
HBAR retested the POC and the H&S neckline.
Target: POC and the 0.618 retracement
ONDO retested the trendline.
Target: VAH
AVAX retested the trendline, which could be interpreted as a H&S neckline.
Target: VAH
XRP broke the trendline, retested VWAP, and is currently sitting at the POC.
Target: Fib circle
DOT retested the POC.
Target: 0.382 retracement
SL you decide on your own.
Personally, I am more in favor of the blue arrow scenario.
Over the last few days, we've seen bullish strength through the wicks on the daily timeframe, and the price remains above my fib circle.
Additionally, many traders are waiting for a pullback to enter. A continued upward move could trigger FOMO among those currently on the sidelines, which is a classic market move.
If the price closes below the fib circle, we could follow the red arrow and head toward the high 90s before aiming for 115k and potentially higher.
Major resistance lies at the trendline formed by the two previous local tops at 105.5k, as well as the orange trendline around 111k.
Here is a better view of the orange trendline
HBAR retested the POC and the H&S neckline.
Target: POC and the 0.618 retracement
ONDO retested the trendline.
Target: VAH
AVAX retested the trendline, which could be interpreted as a H&S neckline.
Target: VAH
XRP broke the trendline, retested VWAP, and is currently sitting at the POC.
Target: Fib circle
DOT retested the POC.
Target: 0.382 retracement
SL you decide on your own.
Personally, I am more in favor of the blue arrow scenario.
Over the last few days, we've seen bullish strength through the wicks on the daily timeframe, and the price remains above my fib circle.
Additionally, many traders are waiting for a pullback to enter. A continued upward move could trigger FOMO among those currently on the sidelines, which is a classic market move.
Note
NDQ is currently at fib circle resistanceIf it gets rejected and BTC closes below the fib circle then red would be likelier
Note
As expected, BTC has continued to follow the blue arrow and nearly reached the 115k TP from my previous idea.It successfully broke above the key black trendline at 105.5k and has retested it, turning it into a new support in the process.
Currently BTC is fighting the orange trendline. It managed to close above it, which is a positive sign. A weekly close above the trendline would provide a strong and reliable confirmation.
If BTC somehow manages to close above the orange trendline today, despite Trump's earlier EU tariffs announcement, I would consider that a strong bullish signal.
Equities got rejected in the past days.
NDQ
SPX
DJI
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.