GOLD Would you like SeekingPips Live Market XAUUSD analysis?🟢SeekingPips🟢 has just learned that I am able to make CHART ANALYSIS VIDEOS in LIVE market conditions on this platform.🌎
(Yes I am a bit of a DINOSAUR 🦕)
🟢Marking up charts and sharing is great but ANALYSING & marking up charts in live market conditions is a different beast.✅️
⚠️That is one way to filter the TRADERS from the MARKETERS.
🟢SeekingPips🟢 focus is always on the things that matter most I'm really not interested in the FANCY STUFF & NEITHER SHOULD YOU BE.
⭐️I ALWAYS preach TIME over PRICE showing it in real-time is like magic when you see it for yourself⭐️
🌍I am happy to do so maybe twice a week if the interest is there.👍
✅️I'm willing to show the practice what I preach in video format.✅️
ℹ️ I need to see the interaction on my post and chart shares to know that it will be worth the time and effort.
🟢SeekingPips🟢 is still working his way around some of the great tools for use on this platform, I am still being advised every week by some of my followers of some of the tools here on TradingView.
Would shared VIDEOS be appreciated here?❔️
1-BTCUSD
11 very reliable rules for short-term trading
1. Avoid revenge trading
When a trade is closed, whether it is a profit or a loss, you need to stick to the rules unswervingly. After executing a stop loss, try not to look at it again within 24 hours. This can effectively avoid revenge trading. Opening orders with revenge emotions is likely to increase losses. Some people believe that you should stand up from where you fell, but it is more important to wait and see calmly before triggering new entry conditions. Since traders have to look at charts for several hours a day, it is difficult to resist the temptation to open another order to save the situation after the stop loss. When using leverage to make swings, it is especially necessary to avoid a revenge mentality
2. Try not to participate in trading on weekends
Every weekend, the volatility of cryptocurrency prices will increase, and the trading volume will be small. This makes it difficult to predict short-term price trends. The reason is simple. Weekend buy and sell orders are usually smaller, market liquidity is lower, and whales are more likely to manipulate short-term prices, which makes the disadvantages of retail traders more obvious. In addition, since the cryptocurrency market is open 24/7, the trading intensity is much higher than that of the stock market, and weekends are a good time to decompress and rest, after all, life is more important than trading.
3. Keep trading at specific times
As mentioned earlier, the cryptocurrency market is open 24/7, and it never stops. Even full-time traders cannot keep an eye on the market. In order to keep a clear mind, you can set a fixed trading time for yourself. After opening an order during the trading hours, set the stop profit and stop loss, and then you can do other things. This eliminates the urge to constantly check your phone or study the K-line, and trading will not affect your normal life.
4. Don't have feelings for an asset
If you fall in love with the asset you are trading, it is easy to make mistakes in your decision. Excellent traders use efficiency and rules to make money and give themselves an advantage, because most people's trading behavior in the market is dominated by emotions. "Being an emotionless trading machine" can ensure decisiveness and principle in trading. One of the important reasons why many traders suffer heavy losses is that they are easily emotionally attached to certain specific altcoins, teams or projects. This is acceptable for medium and long-term investors, but it is a potential disaster for short-term traders.
5. Keep simple trading rules
Traders often combine multiple indicators, news and candlestick patterns to try to find a suitable confluence point for trading. This is not a problem in itself, but be careful to avoid over-analysis, which complicates the problem. In fact, when the candlestick pattern that suits your own system appears on the chart, you can start trading. At the same time, it is particularly important to pay attention to stop loss setting and position control.
6. Only trade in the right state of mind
When you are angry, tired or stressed about something, don't trade, and your state of mind will affect your judgment. The key to maintaining a good state of mind is to have other daily activities outside of trading. For example, fitness, reading, and spending time with family and friends can all help cultivate the right trading philosophy.
7. Record a trading diary
Trading diary review is boring, but it is actually meaningful because it can help you avoid making the same mistakes. There are specific reasons behind profitable and losing orders. Recording trading details is a way to learn and grow quickly.
8. Don't try to catch a falling knife with bare hands
"Catching a falling knife with bare hands" refers to traders trying to buy the bottom of an asset that is plummeting. The motivation for bottom fishing is usually to lower the cost price and make up for the losses caused by the sharp decline. The idea of trying to accurately buy the bottom during the plunge is unwise. Waiting for a stabilization rebound and the resistance level to turn into a support level before entering the market is a more prudent approach.
9. Don't ignore extreme market conditions
While referring to technical analysis indicators, black swan events or other extreme market conditions cannot be ignored. Ultimately, the market is driven by supply and demand, and sometimes the market is extremely unbalanced.
Take the RSI relative strength index as an example. Generally, if this indicator is below 30, the asset can be considered oversold. Does this mean that it is safe to buy the bottom? Not really! It only shows that the market is under the control of sellers. Under special market conditions, the RSI may reach extreme values, and may even drop to single digits or close to zero. Even so, it does not necessarily mean that the price is about to reverse. Trading based entirely on technical indicators can lead to the loss of a lot of money. This is especially true in black swan events, because extreme price behavior can cause technical indicators to fail. The market can continue to move in one direction, and no analytical tool can stop this trend.
10. Don't forget that technical analysis is a game of probability
There is no absolute correctness in technical analysis, it is essentially just a game of probability. That is to say, no matter what technical method you use to formulate a strategy, there is no guarantee that the market will operate as expected. Technical analysis is just a prediction and cannot be operated as a deterministic event. No matter how rich your experience is and how dazzling your record is, you can't take it for granted that the market will follow your technical analysis. If you hold this kind of thinking, it is easy to over-bet on a certain preset, resulting in excessive risk exposure, and the market will teach you a lesson every minute.
11. Don't over-trade
The number of transactions is not positively correlated with profit. Even if the market provides multiple opportunities, try not to operate more than 3 transactions at the same time. The more types and numbers of positions, the more difficult it is to manage risks. If multiple transactions are stopped out, you may suffer significant losses. Jesse Livermore, the pioneer of day trading, said something very reasonable, "Money is earned by patient waiting, not by trading." We should try to avoid trading for trading. In fact, under certain market conditions, staying on the sidelines and waiting for opportunities to enter the market can help us avoid a lot of unnecessary risks.
What is least lacking in trading is opportunities, and the most precious thing is the principal. Every trader should formulate and improve a set of trading rules that suits him or her. After summarizing the lessons of failure and success, he or she can make more wise decisions and improve the winning rate of transactions.
Mr. Baker
Bitcoin: preparing for the breakThe inflation figures, Fed next moves, potential impact of US Administration on Fed's decisions, trade tariffs were all unknowns on the financial markets during the previous period, which impact that the BTC was sort of left a bit behind. From the beginning of February, BTC entered into sort of side trading, between levels of $ 98K to the upside and $95K to the downside. There were occasionally attempts for a higher or a lower ground, however, the market swiftly diminished such moves, turning the price of BTC back to the channel.
Similar situations continued also during the previous week. The BTC continued to move in a range between the levels of $98,75K and $94,5K, continuing the channel from the beginning of February. The RSI is almost flat for the last 15 days, moving around the level of 50. It shows that the market is still not ready to choose the trading side. The MA50 and MA200 are currently moving as two parallel lines, without an indication of a potential cross in the near period.
From the perspective of the technical analysis, a movement in a channel indicates that soon the financial asset will make a final break, either toward the upside, or toward the downside. The chances are equal for both sides. What is also strongly evident on BTC daily chart is a strong support at $92K. In this sense, a break of a channel to the down side would imply that BTC will find support again at this level. If a break occurs to the upside, then the next strong resistance line holds at $100K. Still, there is a question whether this break will occur in the week ahead or BTC will spend another week in this channel? The technical analysis can indicate levels, but not the exact timeframe in which these levels will be reached.
BTC/USD Moving In Range,Best Place To Buy And To Sell Very ClearThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
BTC PRICE ACTION 1Q - with Gann FannSo this is my BTC chart, 1 Quarter every candle.
I use the Gann Fann forcheking where are we now and why it is hard to push above the 100k$ and stay above.
So we are cureently in the positive trend, keep grinding higer, in the 1/1-2/1 are of the fann, which is positive.
We could see that every time we tried to cross into the quciker area of 2/1-3/1 of the fann, we were rejected as for that the asset CRYPTOCAP:BTC needs more energy and buyers for that.
So we keep go upward in the trend, and once the big guys will ready they will start push it higher and faster.
This is where i lean to the cross to the next Fann area.
This may be followed by the RSI that will climb and may find some resistence in the trend line.
Having said that,I find the area of 150K$ as the next key level and if we will see Mega Fomo in the crypto we may cross to the 1/3-1/4 area which will bring also oversold areas and we may break the RSI trend line.
Historically BTC may find a top once the 1M chart RSI is around the 90+-
There is long way to go there.
Hope you like my content., you are welcome to share.
NFA
DYOR
This is a Bitcoin (BTC/USD) trading chart on the 1-day (D1) timeKey Observations:
• Current Price: 97,882
• Recent Highs & Lows: The price has tested highs around 102,740 and lows near 89,557 in recent weeks.
• Support & Resistance Levels: Several yellow-marked zones highlight key support and resistance areas.
• Downtrend Structure: A downward trendline is visible, indicating bearish momentum.
• Potential Breakdown: The price is near a support level around 96,762, and a further decline towards 89,557 or lower could happen if this level breaks.
• Volume Analysis: The volume bars at the bottom indicate market activity, with recent higher selling pressure.
Overall, BTC/USD appears to be in a short-term downtrend, and a breakdown below support could lead to further downside. However, if buyers step in, a retest of the upper resistance zones (99,447 - 102,740) is possible.
BITCOIN Decoding the current consolidation. $112k to print soon.Bitcoin (BTCUSD) has been consolidating within roughly a 5000 range (100k - 94.1k) for the past 12 days. During all this time, it's been testing but never closed above the 1D MA50 (blue trend-line). There hasn't been a tighter consolidation of this duration in the past year and there is a technical explanation behind it.
The 3-month pattern has been a Channel Up and the last sub-1D MA50 consolidation before the current one, has been its previous bottom formation on its Higher Lows trend-line. The 1D RSI sequences between the two bottom fractals are so far identical and it appears that we are now on the way to complete Leg (f), which is the final step before a Double Bottom is formed. A new 1D MACD Bullish Cross may come as confirmation of the new Bullish Leg.
As a result, the market is close to its most optimal buy opportunity. Given that a 1.5 Fibonacci extension Target has been a fair expectation within this Channel Up, our medium-term Target on BTC after the new Bullish Cross would be $112000, which is still below the 1.5 Fib ext and very close to the top of the Channel Up.
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STORJ ANALYSIS📊 #STORJ Analysis : Update
✅There was a formation of Falling Wedge Pattern on daily chart🧐
#STORJ tried to breakout the pattern but failed to sustain. Also there is an instant resistance zone and if #STORJ breaks the pattern then we could expect around $0.5300 level
👀Current Price: $0.3967
🚀 Target Price: $0.5300
⚡️What to do ?
👀Keep an eye on #STORJ price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#STORJ #Cryptocurrency #TechnicalAnalysis #DYOR
Bitcoin - Will Bitcoin Hit $100,000?!Bitcoin is trading below the EMA50 and EMA200 on the four-hour timeframe and is trading in its descending channel. Bitcoin’s upward correction and its placement within the channel ceiling will allow us to resell it. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and capital management in the cryptocurrency market will be more important. If the downward trend continues, we can buy within the demand range.
During the past trading week, spot Bitcoin ETFs saw a capital outflow of $651 million, breaking their consecutive weekly inflow streak in the United States. Similarly, U.S. spot Ethereum ETFs experienced a modest capital outflow of $26 million, reflecting a nearly neutral trend in this segment.
Over the past few months, Bitcoin and Ethereum have followed different trajectories—Bitcoin has seen a substantial price increase, whereas Ethereum has faced notable challenges. One contributing factor to this divergence has been the economic policies proposed by U.S. President Donald Trump, which have favored Bitcoin.
Bitcoin’s price is currently just below $100,000, after approaching $110,000 in mid-January. Meanwhile, Ethereum has significantly declined from its recent high in December, as concerns over a potential “dangerous” bubble have emerged.
Wall Street giant Goldman Sachs has unofficially confirmed that it has purchased approximately $2 billion worth of Bitcoin and Ethereum in the form of exchange-traded funds (ETFs). According to a regulatory report, Goldman Sachs ramped up its investments in Bitcoin and Ethereum ETFs during the fourth quarter, increasing its Ethereum ETF holdings by 2000% and boosting its Bitcoin ETF investments to over $1.5 billion.
The ETFs acquired by Goldman Sachs include Bitcoin and Ethereum funds managed by BlackRock, as well as those under the control of Fidelity and Grayscale.
In 2023, BlackRock led the campaign for U.S. regulatory approval of spot Bitcoin ETFs, culminating in the launch of a series of these funds in January 2024. These ETFs quickly became some of the fastest-growing exchange-traded funds in history.
For the first time in November, U.S. physical Bitcoin ETFs surpassed $100 billion in net assets, with BlackRock’s iShares Bitcoin Trust (IBIT) now managing over $60 billion in assets.
However, some analysts have downplayed the significance of Goldman Sachs’ Bitcoin and Ethereum ETF investments. James Van Straten, a senior analyst at CoinDesk, stated: “Goldman Sachs’ position, like that of many other banks and hedge funds, is not necessarily a net long position.”
Last month, BlackRock CEO Larry Fink revealed that he had been in discussions with sovereign wealth funds regarding Bitcoin investments, predicting that such talks could push Bitcoin’s price as high as $700,000.
Fink, who spearheaded Wall Street’s entry into the cryptocurrency market last year through a series of Bitcoin ETFs, told Bloomberg at the World Economic Forum in Davos: “If all these discussions had materialized, Bitcoin’s price could have reached $500,000, $600,000, or even $700,000.”
In another major development, the U.S. Securities and Exchange Commission (SEC) officially announced that Ripple is not considered a security and should not be subject to securities regulations. This decision marks a significant victory for Ripple and could ease regulatory constraints and lawsuits that the SEC has pursued against other altcoins.
Additionally, the SEC has indicated that it may drop its lawsuit against Coinbase and has requested 30 days to review the exchange’s applications. Earlier this week, the SEC also dropped its case against Binance, signaling that SEC Chairman Gary Gensler’s crackdown on cryptocurrencies has largely failed. The lawsuit against Coinbase had been one of the most significant regulatory actions against the crypto industry during Gensler’s tenure at the SEC.
Bitcoin (BTC) Market AnalysisCurrent Range & Price Action:
Bitcoin is consolidating within a well-defined range between $92,000 and $108,000, following a strong upward trend that has maintained bullish market sentiment.
Despite recent sell-offs, BTC holding above the $90,000 level suggests strong underlying demand and resilience from buyers.
Decreasing Volatility & Breakout Potential:
The market is experiencing declining volatility, a common precursor to significant price moves. This coiling effect suggests that a major breakout may be imminent.
Conditions currently favor an upward breakout, as Bitcoin remains in a long-term bullish trend and is supported by strong market demand.
Key Resistance & Support Levels:
A break above the $108,000 resistance level could trigger a rally to $124,000, based on the rectangle pattern’s measured move.
Conversely, a break below the $92,000 support would challenge the bullish structure and may lead to a reassessment of the market outlook.
Outlook:
As long as BTC remains within this range and holds above the critical $90,000 level, the setup points to a potential continuation of the uptrend.
Traders should closely monitor price action around $108,000 for signs of a breakout, as well as the $92,000 level to manage downside risk.
Conclusion:
With Bitcoin consolidating and holding key support levels, the technical setup favors potential upside. A decisive move above $108,000 would likely lead to a continuation of the broader bullish trend, targeting $124,000 in the near term. Conversely, a break below $92,000 would signal caution and could lead to a broader market correction.
BTC LONG TP:98,500 16-02-2025Bitcoin continues to range on shorter timeframes, so I am looking for a long opportunity in areas where manipulation occurs before moving up to 98,400 - 98,600. I expect the manipulation to not trigger our stop, as it is set tight. We should see this movement within 15 to 20 hours; otherwise, it will be considered invalid.
Bitcoin: Range Break Out This Week?Bitcoin is stuck in a tight consolidation that can be very confusing and costly IF you get too wrapped up in opinions and typical internet propaganda. To participate effectively in this you either play the range levels on small times frames (see my previous week's analysis) or just stay out completely until a decisive break unfolds. When and which way it breaks is ANY ONE'S guess.
The range support is in the 94 to 93K area. Use time frames like the 5 minute or 15 minute to confirm bullish reversals here and look for small bites. The coming week is the same story as the previous week. The 99K AREA is the range resistance and should be used as a reference point to gauge profit potential for swing trade longs or to anticipate sell signals for aggressive shorts. That is the game plan for the week UNTIL Bitcoin clears one of these price points.
The anticipated move (illustration on chart) is the same as the week before. Please keep in mind this market is sensitive to a variety of catalysts and has a tendency to be affected by the Nasdaq on a intraday basis. Unexpected news can come out of no where and throw off any analysis, especially longer term. This is why it is so important to stay opinion free while focusing on potential opportunities around predetermined price locations, Either the market delivers or it does not.
Part of being a savvy trader/investor is knowing when to simply stay out. Consolidations offer opportunities at the range boundaries, while the WORST place to take action is around the mid point which is the most RANDOM area. There is not much more to say than that. When the market breaks one way or the other, new profit and risk expectations can be adjusted for only then.
Thank you for considering my analysis and perspective.
BTCUSDT CHART MAPPING IN 30M TF Hello Guy's Welcome To Another Day Of TRADING
Here we are mapping chart of BTCUSDT ( BITCOIN ) in 30-M TF
RESISTANCE LEVEL. 97300/98100
TARGET WILL BE. 94800
The analysis suggests a rising wedge pattern, which is typically a bearish signal. The price has broken below the wedge support, and the chart indicates a short trade setup with a target around 94800 USDT and a stop loss at approximately 98800 USDT
BTC consolidation The Week Ahead 17th Feb 25The Bitcoin (BTC) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since the spike to all time high of 109,000 on 20th January 2025, the BTC price action is starting to display some signs of bearish behaviour by potentially forming a double top reversal pattern.
The key trading level is at the “Neckline” 91,900 level, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 91900 level could target the upside resistance at 100,650 (20 day moving average) followed by the 105,590 and 109,460 levels over the longer timeframe.
Alternatively, a confirmed loss of the “neckline” 91,900 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 85,275 support level followed by 79917 and 75060 ( 200 day moving average).
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
BTCUSDlooks like a short bearish but before we see strong breakout, it is hard to get into a trade daily and weekly frame still in a range. as i draw the line unless 92000 strong break and then only we see to see continuestion as market price to retest the hug gap. same way if we looking for continue up trend then we must see a strong break out 101000 above only.
what are your thought.?
feel free to comment BELOW.
happy weekend.
Grasp the support and pressure points to accurately obtain profiHello traders, today I will share a set of accurate trading rules to help you avoid detours on your investment journey. There will be many professional terms that you cannot understand, or even misunderstand, which will lead to missed or wrong market conditions. Today I will sort out the popular ones for you brothers.
Normal market conditions are composed of support and pressure levels. When they reach the pressure level, they will fall back, and when they reach the support level, they will rebound, which is why we see the distorted trend chart today.
What is the pressure level?
When a wave of market conditions rises to a certain position, there will be a lot of selling orders above, which will cause the market to fail to rise. This is called the pressure level for short. The pressure level is also like the first pressure level, the second pressure level, and the third pressure level. Breaking through the first pressure level indicates strength, and the market will continue to rise. If it hits the second and third pressure levels, the higher it hits, the weaker the strength will be, just like people always need to rest when running. The market will also fall back. These pressure levels are also the positions where we sell long orders or buy short orders, so brothers can combine the pressure levels given by the market conditions I issued to sell your long orders or short orders. Don’t you know where to short? If you don't know where to sell long orders, just look at the pressure I analyze every day.
For example: Bitcoin will rebound in four hours if it stands at 68,800 today. The pressure above the rebound is: 69,500 and 69,900. These two positions are our selling points for long orders and buying points for short orders. If we break through these two prices, we can do it manually and continue to wait at the next pressure level. Remember not to hold on. If it breaks through, it means that the long side is very strong and it is useless to hold more.
What is the support level?
When a market falls to a certain position, there will be a lot of buying orders, which prevents the market from falling further and forms a support point, which is called support level for short. The support level is like a level. There are the first support level, the second support level, and the third support level. There will be a rebound at each support level. If it falls directly through, it means it is strong and the market will continue to fall, hitting the second and third support levels. The more it falls, the weaker the strength will be. At this time, we can try to bet on a rebound long order at the support level. These support levels are also the positions where we sell short orders or buy long orders. So brothers can combine the support levels given by the market I issued to place your short orders or go long. Don’t you know where to go long? If you don't know where to sell short orders, just look at the support I give in my daily analysis. For example: Ethereum cannot stand firm at 2465. It will continue to fall and test the support below: 2410.2383. These two positions are also our short selling points and long buying points. If it falls below, we will manually leave and wait at the next support level. Contracts are originally about risking a lot with a small investment, and the probability of success through trial and error with a small cost. There is no absolute success. As long as we make a mistake, we will leave the market. Don't hold on to it! ! !
To sum up: If there is no big news when placing orders during the day, you can wait for the first support level to make a long order, or the first resistance level to make a short order. As long as it falls back a little, you can basically make a profit. If it is relatively stable, you can wait for the second or third support level to make a long order, or a short order.
After saying this, do you understand a lot, brothers? Good traders are shorting at resistance levels and long at support levels? I will update here every morning and evening. If you listen, we will not be leeks.
Position management
Don't bet all positions directly. You understand the reason, but you are too impulsive and always want to get your money back quickly. Human nature is difficult to control. I can only say that no matter how many times you leverage, as long as you control your position within 5%, you have a chance to turn over. If you don't control it well, you won't even have a chance to turn over. What's the point of making money today and losing tomorrow? All are gamblers.....
Brothers, if you have any questions, please leave me a message below, I will tell you everything I know without reservation, the market is huge, let's play together, we want to make money from the market, not be the payer of the market, if you like it, please like 👍 and follow me
BINANCE:ETHUSDT BINANCE:BTCUSDT.P
Bollinger Bands Analysis & BTC/USD Accumulation StrategyBased on the BTC/USD chart with the Bollinger Bands indicator on the 12-hour time frame, it is evident that the price has repeatedly touched or breached the lower band, indicating oversold conditions. Each time the price enters this oversold zone, BTC/USD experiences a rebound within a relatively short period, suggesting a strong accumulation pattern by market participants. This pattern is consistent, as the price has never remained in oversold conditions for more than three consecutive candles (36 hours) before rebounding. This indicates that selling pressure is only temporary before buyers step in and push the price back up.
Given this pattern, a suitable trading strategy is to buy when the price re-enters the accumulation zone around 95,400, which serves as a potential buy area. If the price drops further, the next strong support level is at 89,280, which could act as a crucial validation point before considering a trend reversal. An entry can be executed when the price touches the lower band and bullish price action confirmation appears, such as pin bar, doji, or bullish engulfing candlesticks, indicating that buyers are taking control of the market. The potential upside target is around 108,160, serving as the nearest resistance level that could be reached if the previous bullish pattern repeats.
From a risk management perspective, a stop loss should not be placed immediately upon the price touching the lower band, as past patterns show that BTC/USD has not remained in oversold conditions for more than three candles. However, if the oversold condition persists until the fourth candle (48 hours after the initial signal), this would indicate that selling pressure is stronger than before and that the short-term trend has likely shifted.
Based on historical patterns, the price is likely to rebound once it enters the oversold zone (highlighted in yellow on the chart) and forms bullish confirmation. Therefore, an accumulation approach at the key support level remains a strategy with high profit potential, provided that risk management is applied with discipline. If the price continues to decline and remains oversold for 48 hours, the bullish scenario may be invalidated, and a safer re-entry strategy should be considered. By understanding this pattern, traders can make more confident decisions without rushing while remaining alert to potential trend shifts in the market.
BTCUSDT Correction time?I can see in this weekly chart that if BTC didn't respects it's Support level 93k-91k, it might show 75k as a retest performing double Top pattern, then we can start going Bullish if it don't break 75k... After that market may show 120k to 125k. But if market don't respect 75k, it might go further down.
BTC correction time?I can see in this weekly chart that if BTC didn't respects it's Support level 93k-91k, it might show 75k as a retest performing double Top pattern, then we can start going Bullish if it don't break 75k... After that market may show 120k to 125k. But if market don't respect 75k, it might go further down.