BITCOIN rejected on the MA50 (4h). 95k possible.Bitcoin is trading inside a Channel Down pattern which has just formed a Lower High on the MA50 (4h).
This is a technical rejection, which after holding the MA200 (4h) previously, now should aim for a final Lower Low on the next support level, the MA100 (1d).
Trading Plan:
1. Sell on the current market price.
Targets:
1. 95000 (-10.70% decline as the previous bearish sequence of the Channel Down and potential contact with the MA100 (1d)).
Tips:
1. The RSI (4h) is about to cross under its MA trend line again, confirming the bearish move.
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Bitcoin-btcusd-btc
BITCOIN Rebounded on a Double Support. Will it continue higher?Bitcoin (BTCUSD) experienced a sharp sell-off yesterday following the DeepSeek news but managed to recover more than 50% of the losses as it rebounded on the Double Support level.
The obvious level that catches your eye is the 4H MA200 (orange trend-line) which was tested for the first time in 12 days. The second is the Pivot trend-line, which was formerly a Lower Highs trend-line initiating from the December 17 2024 All Time High (ATH).
At the same time, it almost touched the bottom (Higher Lows trend-line) of January's Channel Up. Technically that is similar with December's Channel Up, which also had a Pivot trend-line test that delivered a rebound and a Higher High to the December 17 ATH.
As a result, if the price breaks above the 4H MA50 (blue trend-line), we expect a Higher High (new ATH), on a minimum 112000 estimate. If the price gets rejected on the 4H MA50 however, we expect a Double Bottom test of the 98000 level (or slightly below), similar to those of December 23 and January 13.
The reason that both scenarios are plausible is the fact that they both got their 4H RSI oversold (<30.00) and then rebounded.
The above show that even in the event of a 96000 Low, BTC is a buy even on the current levels, as once again we are closer to the technical bottom than the Cycle's Top. The technical upside remains enormous in 2025.
So which scenario do you think will prevail? Feel free to let us know in the comments section below!
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Bitcoin: Probabilities NOT Opinions.Bitcoin has not done much in the previous week besides defining the range of the trade area that I anticipated a week earlier (in a matter of one day actually). The key technical points are established and it is a matter of catalyst and confirmation when it comes to aligning with the potential trade areas that can develop over the coming week. The 105K AREA is the key resistance while the 100K AREA continues to be the key support. Price action confirmation in either one of these areas can justify risk for smaller time frame strategies.
This is a tricky time, and one where the wrong opinion will be very costly which is why I am a big proponent of probabilities NOT opinions. The broader trend is bullish which means resistance levels are more likely to break, UNLESS proven otherwise. With a double top now established in the 105 to 108K area, the higher probability entry for longs would be the low 100K area. Which can also offer shorting opportunities for smaller time frame strategies. IF 100K is cleared, that would increase the chances of a 90K test.
This may be a Wave 4 of a much broader Wave 3. There is no way to know for sure until the market breaks one way or the other to confirm. In bullish trends, support levels tend to be maintained which presents buying opportunities at least on smaller time frames at the 100K area, anticipating a test of the 105 to 108K. This type of price action can be classified as a consolidation on the short term and expectations should be adjusted for that.
What about a bullish break above the 109K area high? While the general price structure favors such a scenario, the question is what is going to drive the price? Instead of trying to guess, IF this is the path the market will choose, I would rather WAIT and let the market confirm before taking any action. Sure I would have to sacrifice better entries, but I am okay with that if it means getting on the right side of the price momentum.
Thank you for considering my analysis and perspective.
BITCOIN will reach $1 million in 2041.Bitcoin / BTCUSD hit last month the once unthinkable benchmark of $100k.
It took 2 Cycles to do so since it reached the previous benchmark of 10k.
The log sequence of hitting those benchmarks started at $0.10. It took quarter (0.25) Cycle to go from 0.10 to $10, i.e. x100 jump.
The next x100 increase was from 10 to $1000 and it took BTC half (0.5) Cycle to do so.
Then we move to the x10 jumps, 1000 to $10000, which took it a perfect 1 Cycle.
We already discussed above 100k and the pattern is obvious. For each of those logarithic jumps, Bitcoin needs double the time, i.e. it doubles the previous Cycle expectancy.
This means that for the million dollar mark ($1million), it should take 4 Cycles to do so (2 Cycles it needed from 10k to 100k x 2).
This gives us a rough estimate for the end of 2041!
Realistic or not in your opinion?
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BITCOIN Will Go UP! Buy!
Hello,Traders!
BITCOIN is trading in an
Uptrend and the coin was
Consolidating above the
Horizontal support level
Of 101.340 but now we
Are seeing a bullish rebound
From the support so we
Will be expecting a
Bullish continuation
Buy!
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BITCOIN The March effect is about to kick-inTrump's inauguration took place yesterday and that's perhaps the one event that the markets have been waiting for to kick-start the year without distractions. On today's analysis we go through every January of Bitcoin's (BTCUSD) final year of its Bull Cycles and present to you what we will call from now on 'The March effect'.
As you can see, the price action coming to those January months is fairly similar between that last 4 Cycles. The price finds Support below its 1D MA100 (green trend-line), then breaks above it and with that as its new Support, it rises towards January where it starts the first Consolidation Phase. After a new Low near (or on) the 1D MA100, the market resumes the uptrend and rise towards March where again it starts a second Consolidation Phase.
As a result, January - March during the Bull Cycle's final year deliver this incredibly bullish sequence and we can claim that the phenomenon has already started as January 13 2025 was a close enough test for the 1D MA100. We are expecting a March peak around $130k.
So do you think we will see the 'March effect' unfold once more and if yes is $130k a plausible target in your opinion? Feel free to let us know in the comments section below!
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BITCOIN: Just bounced on the former 4 year Resistance.Bitcoin is staging an incredible rebound on the nearly 4 year HH Resistance Zone, while being on a bullish 1D technical outlook (RSI = 61.575, MACD = 1366.600, ADX = 28.907) and a borderline overbought 1W, which really sets the tone for the rest of the bull market. This turns the former Resistance Zone into a Support, as this is the first test and bounce since it broke in November after the U.S. elections.
Symmetrically, the rally since August 5th 2024 looks like the rejection since November 8th 2021. Like the rejection reached the 2.0 Fibonacci extension, we expect the current bullish wave to do the same thing. A TP = 200,000 can be easily achieved under these conditions.
See how our prior idea has worked out:
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Bitcoin: 105K Greater Chance Of Retrace.Bitcoin briefly tested 90K only to show a sharp reversal which has lead to a run into the 105K area resistance. IF momentum continues, 108K can be tested, but IF a bearish reversal appears, a test of 100K is also possible. The key is looking for confirmations on smaller time frames in order to get a better sense of what the market wants to do, not what you think it will do. There is also an important lesson here about chart patterns.
First let's address the wave count. My chart shows a "5?" which is potentially the completion of a very broad (monthly) Wave 3. The reason there is a "?" is because in order to confirm, the market needs to do something like clear a major support like 90K. While 89K was actually tested, the swift rejection means 90K is still intact and still the major support area to watch for. This also means the current wave structure going back to the 108K high may still be a Wave 4 and a bullish Wave 5 maybe be developing. 108K will have to be cleared in order to confirm. If this scenario plays out, 113K is the next resistance and profit objective area.
The arrow on the chart points to the 105K AREA resistance. From such a level, I anticipate a brief retrace at least (see illustration) over the coming week which can take price back to 100K. Best way to utilize this information is avoid new longs, look to lock in profits, and/or look for trade ideas on smaller time frames. At the moment there are no bearish signs at all so selling in front of such strong momentum is just as risky as buying and expecting a test of 108K.
The other key lesson here is the head and shoulders pattern. I specifically mentioned this in my previous article. These patterns can appear randomly just like anything else. Jumping to a conclusion upon seeing a such a pattern is what gets you caught on the wrong side of the market when you have moves like the one that is in progress now. Best way to avoid this bias is to always keep an open mind and do NOT think in absolutes. The head and shoulders in this case was totally meaningless. The confirmation would have been a decisive break of 90K, NOT a brief break, followed by a bullish pin bar.
Watch price levels and price structure and let the market choose, our job is to adjust to the market and measure the ever evolving risk. At resistance levels like price is at now, I believe probability favors a retrace. I can be wrong, but if the risk on both sides is high, its better to be wrong and out, than wrong and in.
Thank you for considering my analysis and perspective.
BITCOIN Bullish Continuation! Buy!
Hello,Traders!
BITCOIN is trading in an
Uptrend and the pair made
A bullish breakout and then
A retest of the key horizontal
Level of 102k$ which is now
A support and we are already
Seeing a bullish rebound so
We are bullish biased and
We will be expecting a
Further bullish continuation
Buy!
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Bitcoin - This Month Will Decide Everything!Bitcoin ( CRYPTO:BTCUSD ) is still rather bullish:
Click chart above to see the detailed analysis👆🏻
In December of 2024, we saw a little pause during the overall bullish crypto bullrun, which was actually quite expected after the recent rally of about +500%. This could still turn into a false breakout, but since everything looks rather bullish, new all time highs are much more likely.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
BITCOIN The minimum target of this Cycle is $185kIf you follow us for long, you know that we are very fond of using Fibonacci levels on Bitcoin (BTCUSD) Cycles in order to project future tops and bottoms. Today is one of those analyses, in fact it is a strong variation of the following Inverse Head and Shoulders call:
As you can see, that was based on the condition that BTC would make a first hit and rejection on the 0.786 Fib retracement and then (as it happened on the previous Cycle) would go for a Cycle Top on the 2.0 Fibonacci, which gives us a $165k Target.
Since the 0.786 Fib never really offered the rejection of the previous 3 Cycles, we are introducing a variation model with new parameters.
We take the Fib extension from the bottom of each Cycle to the moment it made contact with the 1W MA50 (blue trend-line). As you can see by applying these conditions, every Cycle since BTC's inception has hit at least the 5.0 Fibonacci extension, with all Cycles in fact making a perfect Top there with the exception of 2017, which even exceeded it.
As a result, we can claim that this Cycle will have a minimum peak at $185000.
How realistic do you think this is for the 'bad case scenario'? Feel free to let us know in the comments section below!
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BITCOIN vs GOLD Cycles. Yellow metal leads, BTC lags.In our early years as a channel we used to do a lot of analyses on the similarities of Bitcoin (BTCUSD) and Gold (XAUUSD) and how Gold Cycles could help predict BTC's future prices. The latter is called the 'digital Gold' after all.
Going back to our roots, we present to you today our latest cross-cycle comparison between the two assets, which offers interesting insights. As you can see, the Cycles of those two aren't always aligned. The correlation tends to end when Gold peaks and when it bottoms.
As you can see since 2018, when Gold starts a Bull Cycle, Bitcoin tends to lag behind, still being on its Bear Cycle. Then the two converge and correlate until Gold peaks and start its Bear Cycle. That is still relatively early for Bitcoin's bullish trend, which remains on its Bull Cycle, in fact has around 1 year ahead of it. As a result, the two start to diverge again.
Based on this model, it appears that Gold's Bull Cycle has peaked and Bitcoin is entering (black circle) its last stage of its Bull Cycle, with a Parabolic Rally being prepared. Still not too late to buy the 'Digital Gold' on this Cycle.
Do you agree with this correlation? Feel free to let us know in the comments section below!
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BTCUSD: This is a consolidation and we've seen it before.Bitcoin is neutral on its 1D technical outlook (RSI = 51.151, MACD = -617.400, ADX = 24.376) as it hasn't escaped the right range it's been trading in since late December. The 1W MACD has converged but hasn't made the Cross yet and as long as it doesn't, based on the time cycles, this is most likely a short consolidation that has happened almost exactly during the same time both in January 2024 and 2023. When the 1W MACD made the Bearish Cross, we had the long consolidation phases. By next week we should see this consolidation break to the upside. Our target is the same with the early 2024 breakout, a +195% rise from the bottom (TP = 150,000).
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Bitcoin: Can't Rally Because Of Rates?Bitcoin is consolidating within what appears to be a broad head and shoulders pattern. In my previous week's article I wrote about the break of the inside bar highs which had 4K profit potential (see previous article). I mentioned NOT to expect much more from there. Bitcoin has retraced back into the 90K AREA support zone since. Along with that a similar two inside bar pattern is present after a buying attempt which brings me to what I anticipate next.
The two inside bars after a larger bullish candle (see arrow) point to a mini consolidation which if broken can lead to a test of the 100K area (see illustration). Keep in mind, IF the inside bar lows are broken instead, the 90K area can be tested again. Since the broader trend is still bullish, and the 90K support is still intact, I believe there is still a better chance price breaks higher but without any major catalysts behind it, potential is likely limited. It better to take smaller profits in this environment until price can prove there is real buying behind it.
What about the broad head and shoulders pattern? I do not give a lot of weight to such patterns, and would not jump to any conclusions just because one is present. Instead I focus on the key support level which is 90K. This also happens to be the low of the previous monthly BEARISH reversal candle. IF this low is compromised, it is possible to see a test of the 85K area sooner than not. Again this is not something that can be forecast, the market has to confirm one way or the other through price action before we can assess risk.
One other thing worth mentioning is interest rates are nearing highs. While this may not have a major effect on Bitcoin (especially in recent times), it does strengthen the USD and puts pressure on anti inflationary assets like stocks, gold, etc. A breakout here can act as a another factor that can limit Bitcoin potential for the short term. So you can put your party hats away for a while.
In this environment (consolidation), WAIT for support or resistance levels, WAIT for confirmations and look for small bites. Most importantly WAIT for the market to reveal its hand before committing.
Thank for you considering my analysis and perspective.
ALTSEASON to $3 Trillion with BITCOIN at $200k??This is not the first time we make the comparison of the current Altcoin (Crypto Total Market Cap excluding top 10) Cycle with the 2014 - 2017 one. But it is the first time that we make this comparison, including Bitcoin's (BTCUSD) Cycles.
As you can see, there are striking similarities between the Alt Cycles:
a) Both bottom formations were in the form of a Cup pattern
b) A Pivot trend-line that turned from Resistance to Support
c) The MA50 (blue trend-line) was supporting once broken until the next Bear Cycle
d) A Bull Flag after the MA50 break-out found support on the MA50 and 0.382 Fib and started the Altseason (green Channel Up)
e) That Bull Flag started with a MACD Bearish Cross and ended on a Bullish Cross
It appears that we are now on the stage where Alts have the 1st consolidation of the Parabolic Rally. What's remarkable and the key difference between the two Cycles, is that this time BTC has diverged massively and made a new All Time High (ATH), while alts haven't.
Of course this is directly attributed to the Bitcoin ETF, which attracted enormous amounts of capital that pumped the asset beyond the technical restrictions of this model. This may be an indication however, that part of this capital may be diverted to Alts, once partial BTC profit taking takes place, as it has happened during every Altseason.
In any event, if the Cycle continues to replicate the 2017 rally, it should reach the -1.5 Fibonacci extension, which would translate to at least a $3 Trillion Altcoin Market Cap, while Bitcoin would be close to the $200k level! That may seem unrealistic in terms of market cap, but so did the levels during the 2020/21 and 2017 rallies. It all depends on whether Bitcoin can continues to attract outside capital with this pace, which will in turn grow interest on the rest of the crypto market and also on the rate of adoption (companies, consumer use of crypto).
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BITCOIN A long term investment target.Bitcoin is trading inside a Channel Up since the top of the 2017 Cycle.
It was supported by the 1W MA50 in August and that kept alive this Bull Cycle's Channel Up.
The last year of the previous Cycle was 2021 and throught its course, the 1W MA50 was in support.
Even if the 2025 Phase fails to peak at the top of the 8 year Channel Up, it can still complete the phase on the Channel's 0.75 Fib and technically looks like a minimum.
Trading Plan:
1. Buy on the current market price as a long term investment.
Targets:
1. 250000 (0.75 Fib and smaller Channel Up top).
Tips:
1. The RSI (1w) should be near 90.00 when the Cycle top is priced. Use it as a complementary indicator in order to close the position earlier if 90.00 is reached before the price hits 250000.
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BITCOIN Cycle Top can be as high as $200kBitcoin (BTCUSD) has started 2025 on high volatility amidst geopolitical and economic news input. 2025 is the last year of this Bull Cycle, according to the Cycles Theory which for more than a decade has been very accurate at predicting Cycle Tops and Bottoms.
** LGC, MMB and Pi Cycle *
On today's analysis we present to you this view in more detail by displaying Bitcoin's Logarithmic Growth Channel (LGC) with the addition of the Mayer Multiple Bands (MMB) and the Pi Cycle trend-lines. From the MMB we use its extremes, the 3SD above (red trend-line), which is the Mayer Top and the 3SD below (black trend-line), which is the Mayer Bottom. From the Pi Cycle we use a tighter range, its top trend-line (orange) and bottom trend-line (green), which form a zone that typically serves as more of a 'Fair Value' before the Bear Cycle's extreme selling and Bull Cycle's extreme buying (Parabolic Rally).
** Current Cycle in 2025 **
As mentioned, BTC has entered the last year of its current Bull Cycle. Based on this cyclical pattern, the 3 previous Tops have been either on a November or December. As a result, we expect the new Cycle Top to start forming by November 2025. The last one was formed above the Pi Cycle Top (never hit the Mayer Top) and on the 2nd LGC Zone from the top.
This suggests that even if the price barely tests the bottom for the LGC 2nd Zone from the Top, by November 2025 we should be close to $200000. Technically the projected Peak Zone should be within the 180k - 200k range. That may still be below the Pi Cycle Top, so technically we can argue that it is a fair scenario to expect and not an overly optimistic.
Unrealistic or not, this is what 3 separate traditional long-term models suggest.
But what do you think? Is a $180-200k Top a realistic expectation within 2025? Feel free to let us know in the comments section below!
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