BTCUSD Falling Wedge made a bottom. Short term buy signal.Bitcoin / BTCUSD is trading inside a Falling Wedge, which just made a new Low today.
Every prior hit on its bottom trendline / support has been a buy signal.
The December 20th and 23rd bottoms rebounded to Resistance A. The December 30th rose a bit more to the 0.618 Fibonacci level.
As a result we can buy and target at least $95750 (Resistance A).
See also how the 4hour RSI made a similar Double Bottom to December's.
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Bitcoin (Cryptocurrency)
Bitcoin Euphoria: Correction Ahead?BamBooChain 🎋⛓️
Good morning, friends! Let's discuss the current market situation. After reaching a new all-time high of around $108,000, Bitcoin is showing signs of a potential correction.
Technically, we're in an interesting situation: the market has reached the extreme euphoria zone I mentioned earlier. RSI and MACD indicators are showing signs of divergence, which often precedes corrective movements.
Key points:
Trading volumes are decreasing while price is rising, creating potential divergence
Funding remains relatively neutral, indicating balanced positions
Long-term holders aren't taking significant profits yet
Possible scenarios:
Consolidation in the $100,000-108,000 range
Correction to $88,000-92,000 levels (this would be a healthy 20% correction)
Regarding altcoins - they're showing relative weakness, and Bitcoin dominance is increasing. This is a typical pattern before a possible correction.
Recommendation: maintain protective stop orders and be prepared for a possible correction. However, the global trend remains bullish, and such a correction could become a good entry point for new positions.
Stay tuned for updates! 🎋⛓️
What’s Next for BTC: $99K or $84K?Good Morning, Trading Family!
What’s Next for BTC: $99K or $84K?
Here’s the game plan: if BTC corrects up to $93K, $94K, or $96K, it could then pull back down to the $84K marker. But if BTC breaks $96K, we could see it climb to $99K.
This Sunday, I’m hosting a webinar on how emotions can hurt your trading and how to take control of your mindset for better results.
Send me a message or check out my profile for details. If this added value to your trading, like, comment, and share it with someone who needs it.
Kris/Mindbloome Exchange
Trade What You See
Bitcoin update 11 Jan 2025I don't often post bitcoin updates, not because I don't have anything to say, but because I understand what phase of the market we are in.
This phase as I said earlier in the posts is called distribution which will last until September 2025. After that I am expecting a correction of 50%+ from the put peak.
I have already made an assumption what reversal formation we will make.
Locally, it's January 11, 2025.
It is the beginning of the year, the market has already played Trump's presidency and as a classic “buy on rumors, sell on facts” the inauguration will be very soon, and I think the market will react down in a week. But after the positive news will continue, but we are unlikely to see in this cycle 200k for 1 bitcoin, but for me it will be a surprise. There will be a lot of talk about bitcoin. At the end of the year there should be euphoria with the new head of SEC pouring honey in the ears of crypto holders.
I'm not listening to anyone, I'm moving forward with my plan.
If you're reading me, there hasn't been a post in this series in a long time that I've changed my point of view.
I've actually started trading less cryptocurrency, it's now position trades on cycles. And it got a little boring.
So I've tapped into the traditional markets. And I'm more actively focused on them. If you're interested in any question, ask in the comments.
Best regards EXCAVO
Why MicroStrategy Will FailIf you listen to Michael Saylor, watch what he is doing with his financial engineering, and "learn about Bitcoin" it seems incredibly obvious that... MicroStrategy WILL NOT fail . At least, that is what I have been told by those that stand to gain massively from Bitcoin's price appreciation. It makes a lot of sense: corner the market of Bitcoin supply => force the price into "discovery" mode and everyone that believed in him and Bitcoin will be rich to the point they feel they deserve for being so prescient with their wisdom.
The history of finance does not bode well for such absolute certainty...
I began shorting Microstrategy with Puts over a year ago. "Being early and being wrong are often indistinguishable in trading/investing." I've lost money. But that did not dissuade me from calling BS on this scheme.
Up until November 22, 2024 it had been a small trade that had not worked out so far. But on that day Saylor gave a CNBC interview (highly recommend looking it up) where he talked about their "core business", their "Bitcoin reactor", "selling volatility", and lots of complex financial jargon. To some, this might come across as brilliance. To me, having been in markets for a long time and studying their history it was patently obvious he was doing the classic, "if you can't amaze with brilliance then dazzle with bullshit" tactic. This was not a scam, nor a ponzi, nor a fraud... in absolute terms. We don't actually have a word for it. But it needs a derogatory term because people are going to lose money buying into it.
I don't believe in karma. What I believe is that people cannot help be themselves and repeat their character flaws and patterns. This is not the first time Saylor has engaged in "financial engineering". Over 20 years ago MSTR (same company, same symbol) got caught by the SEC for doing much the same thing a Enron in their accounting practices. They were levied a big fine and the stock dropped -60% in a single day. Roughly two weeks later... the entire dot-com bubble imploded. Was MSTR the catalyst for this collapse? Unknown. But it certainly did not help keep the bubble going...
Once again Saylor is exploiting the financial system. Or as gamers would call it; "clever use of game mechanics." There is nothing illegal about what he is doing (that is apparent). It's all out in the open. But it's leverage. Lots of leverage. MSTR ran out of simple debt and have found other ways to make cash to buy Bitcoin. Every week they keep "buying the top" as cheerleaders for this asset; Bitcoin. Trying to get others to join in their crusade to... I guess get it to $1 million now. Still valuing it in fiat terms while claiming to be changing finance (do they still want to do that anymore with Blackrock being their best backer? Unknown.
I left all my Bitcoin Maxi chats as part of a New Year's Resolution to argue less with people on the Internet after 2024. When I left I was still defending my short while they were eagerly buying the dip. With all investments... time will tell.
The Trade
I have been purchasing Puts in different traunches with different strikes going out all the way to 2027. These long term Puts have their theta offset by selling shorter duration options to keep myself theta positive. This has been great over the last 2 months with increased IV. During the recent drop to $285 I actually found myself delta positive for a day. I wanted to get "more short" and added as much risk as I felt comfortable on the last push up to $380. Now delta negative/theta positive.
Where I stop out: $390 is a key volume profile level topside. If price gets back above there I consider myself wrong... for now... and start to unwind risk or hedge more
How I manage: I will continue to manage my delta/theta as long as IV makes it fun while always trying to stay negative. Buy long dated puts on pops up; Sell some Puts on every move down. The goal is for MSTR's debt to start getting called this year and they be forced to make some hard choices. This may require Bitcoin and/or the equities market to collapse in 1-2 years. If so; MSTR will be hurt tremendously.
$BTC Bitcoin at critical point... Head and shoulder Pattern!CRYPTOCAP:BTC Bitcoin is at a critical point
Current price: 91000
Bitcoin has retraced over 16% from an all time high of 108k, Price action is currently forming a head and shoulder pattern which is usually a bearish pattern!
#btc needs to remain supported around 90.5k to continue its uptrend to all time highs at 119k
If MARKETSCOM:BITCOIN price action loses support at 90.5k then expect prices to retest supports at 85k and then 80k.
Definitely a critical point to watch! What do you think?
TRUMP PUMP? MORE LIKE TRUMP DUMP!!! WHERE DOES BITCOIN STOP?Bitcoin is losing support and on these higher timeframes it looks rough as a dogs bum.
Will the pain stop?Yes, but it will be shortlived, it will give bulls enough hope to fomo back into longs before crushing their souls and their pensions.
Good luck.
Bitcoin Aligns with the 2017 Cycle ModelThere’s growing speculation that the current Bitcoin cycle mirrors the market behavior seen in 2017.
Intrigued by this, I conducted my own analysis. I overlaid the 2014–2017 cycle pattern onto the current chart for comparison.
The results?
A striking resemblance in both the overall shape and the distinct correction and impulse phases.
It seems history may not repeat itself exactly, but it certainly rhymes. 📊
Bitcoin is Ready to Attack Heavy Support Zone!!!Today, January 10 , key U.S. employment data , including Average Hourly Earnings , Non-Farm Employment Change, and the Unemployment Rate , were released, influencing global markets, including Bitcoin ( BINANCE:BTCUSDT ).
Stronger-than-expected employment figures suggest a robust economy, potentially leading the Federal Reserve to maintain or increase interest rates. Higher interest rates can strengthen the U.S. dollar ( TVC:DXY ), making Bitcoin and other cryptocurrencies less attractive as alternative investments , possibly exerting downward pressure on their prices.
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Bitcoin started to pump from the Heavy Support zone($93,400-$90,000) , as I expected . ( Bitcoin allowed us to enter a long position two times .)
Bitcoin is moving near the Resistance zone($96,800-$95,520) , the upper line of the Ascending Channel , and near the 50_SMA(Daily) .
According to Elliott's wave theory , Bitcoin seems to complete wave C of Zigzag waves(ABC/5-3-5) . At best, wave C could rise to $99,000 (but unlikely).
I expect Bitcoin to go down based on today's US employment data and the fact that the U.S. DoJ received court approval to sell 69,370 BTCs . Bitcoin will attack the Heavy Support zone($93,400-$90,000) again soon, and this attack may be able to break this zone .
⚠️Note: If Bitcoin goes above $99,000, we can expect more Pumps.⚠️.
⚠️Note: We should expect more dumps if Bitcoin touches $93,500 before reaching the Resistance zone($96,800-$95,520) again⚠️.
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Bitcoin Market CycleHello, dear friends!🩷 Much has been said about Bitcoin cycles, and you've seen many charts, including mine! But today, I'll summarize everything that has been said before: briefly and clearly!So...
What Defines the Bitcoin Market Cycle?
The Bitcoin market cycle signifies the repetitive trend of price movements within the Bitcoin market, marked by alternating phases of appreciation and depreciation. These fluctuations stem from the perceptions and actions of market participants, involving buying and selling, and are influenced by various factors including market sentiment, regulatory shifts, technological advancements, and broader economic conditions.
Historically, Bitcoin has adhered to a four-year cycle closely tied to Bitcoin halving events, occurring roughly every four years. A halving event entails a 50% reduction in the Bitcoin reward miners receive for validating transactions; consequently, the rate of Bitcoin supply growth slows down. This often triggers a significant price surge, assuming the demand for Bitcoin either remains constant or increases post-halving. The upcoming halving is slated for April 2024, where the block reward will decrease to 3.125 bitcoins.
The chart below illustrates the cyclic nature of Bitcoin's price and its historical patterns.
What Constitutes the Phases of the Bitcoin Market Cycle?
Phase 1 – Accumulation
This phase emerges when prices are low, yet there are early indications of growth. It's a period where buyers accumulate Bitcoin at lower prices, representing a pinnacle of financial opportunity.
Typically, bearish sentiment prevails in the market, resulting in low trading volumes and prices fluctuating within a narrow range, often near the bottom.
Phase 2 – Continuation (growth)
During this phase, the price continues its ascent towards the all-time high. Historically, a halving event occurs here, coinciding with diminishing exchange reserves as buyers stockpile supply in anticipation of surging prices and new record highs.
Phase 3 – Parabolic (bubble)
As the price surpasses the previous all-time high, it begins to rise exponentially, leading to a new all-time high that significantly exceeds the previous peak. This phase is marked by extreme volatility, with rapid price spikes followed by substantial corrections.
Sell volume increases as some investors lock in profits, while others continue buying, believing the bull market has further potential. Consequently, price volatility diminishes as buying and selling volumes begin to balance, amid a backdrop of overconfidence. Many investors may perceive the Fear & Greed Index as signaling Extreme Greed during this phase.
Phase 4 – Correction (crash)
Following the euphoria of the Parabolic phase, the market undergoes a major downward correction. Previous bear market periods have witnessed approximately 80% drawdowns from the peak, with negative price movements lasting for roughly a year. For instance, the most recent downturn saw Bitcoin's price plummet from an all-time high of $69,000 (November 2021) to $15,476 (November 2022).
I hope You found it interesting. If yes, boost this post 🚀 so others can see it too, and subscribe to stay connected.
Always sincerely Yours, Kateryna💙💛
Bullish/Bearish Sentiment We saw #BTC last hit it's double top 209 days after making an ATH 64k in April and topping out in Nov.
VeChain also took around 200 days to revisit higher lows.
[BULLS}
Elliot Wave Theory:
It appears that we are in the next 2-3 wave
Regardless of the narrative, the trend is showing bearish in the short term. I have HODL positions but short until we hit our buy zones keeping a close eye on what #BTC and #ETH do.
CRYPTOCAP:ETH is in a channel and appears to be falling out.
If we dig deeper watch 3k as a psychological area of support, CRYPTOCAP:BTC will be around 95k. For NYSE:VET we see $0.04 being a key level of support in our first buy zone, secondary we are looking for around $0.033.
Once these levels hold I will flip my sentiment and continue to long into this year with our bullish commander and chief stepping into office.
#Donaldtrump
If November repeats itself with this day we could be hopeful for another 300% but remain reserved with our PT's on the way up because.
"You never go broke taking a profit."
HNY #vechain fam.
Don't over-leverage, set your SL before bed.
@VEREKTION
BITCOIN This week forms the bottom before it turns Parabolic.Bitcoin (BTCUSD) continues to repeat the 2014 - 2017 Cycle in great detail. So far besides the Bear Cycle Lower Highs that broke only after the Cycle bottom was priced, BTC has respected the replicated the two Accumulation phases above the 1W MA50 (blue trend-line), which is 2016 marked the last long-term buy opportunities before the market went on a Parabolic Rally in 2017.
As you can see, even the 1W RSI suggests that in relative terms we are in a pre-parabolic run pull-back similar to January 2017. There are high probabilities that this week is the one that forms the new bottom that will push the market to a continuous rally towards December 2025.
If the top is priced on the 7.0 Fibonacci extension from the Cycle bottom, as it did on December 2017, then we can expect to see at least $200k.
Buy what is your take on this? Do you think we are that close before a parabolic rally? Feel free to let us know in the comments section below!
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On the way to 85.5KMorning folks,
So, both our entries worked fine - as on the top of the right arm as on recent pullback to 96k area. Now there are two moments that you have to know.
First is, the risk factor. It comes from weekly bullish grabber pattern , suggesting upside jump above 108K top.
But the problem with it is unclear reasons for this jump. Because fundamental picture for now doesn't support any upside action on BTC. First is, dollar and yields are going higher. Second and what is even more important - the new debt ceil act is not taken yet. We have only temporal act on postponing of this decision. It means that until it will be taken, the US Treasury has to save. And they do - spending cash from their Fed deposit. It means that liquidity for some time will remain narrow, which is bad for BTC and Stock market performance.
Since both our entries are safe already and protected with breakeven stops, we could relax a bit and keep our eyes on 85.5K downside H&S target. If you still would like to go short- you should understand the risk that you take, because your stop now will be above 96K area. And with potential weekly bullish pattern on the back.
Those who have an opposite view on situation and want to buy instead - the weekly pattern is the great one that you could try to use. If price will drop under 91K area, it will mean the failure of this idea.
MAJOR SUPPORT AND RESISTANCE OF BTC BASED ON ORDER BLOCKSCurrent Price Action
Bitcoin is trading around $93,041, showing a consolidation pattern after recent price volatility.
The price action suggests Bitcoin is in a critical zone where traders are watching for directional clues.
Support Levels
$92,000 (Immediate Support):
This level has served as intraday support in recent trading sessions.
High trading volumes were observed near this level, suggesting strong buyer interest.
$90,000 (Psychological Support):
Round numbers like $90,000 act as psychological barriers.
Historically, Bitcoin has respected such levels during both upward and downward movements.
$88,500 (Technical Support):
This level aligns with previous consolidation zones and Fibonacci retracement levels (e.g., the 38.2% retracement from the recent rally).
$85,000 (Major Support Zone):
Represents a deeper correction level but remains a critical support based on long-term moving averages (e.g., the 50-day EMA).
Resistance Levels
$94,500 (Immediate Resistance):
Current trading activity shows selling pressure near this level.
Historically, it aligns with a minor peak from earlier price actions.
$96,000 (Strong Technical Resistance):
Close to the upper boundary of recent trading channels.
Converges with key Fibonacci levels (e.g., 61.8% retracement from the last major drop).
$98,000 - $100,000 (Major Resistance):
$100,000 is a significant psychological level for traders.
Breaking this level would signal a strong bullish trend, likely leading to new all-time highs.
Above $100,000:
If Bitcoin crosses $100,000, potential resistance zones could emerge at $105,000 and $110,000 based on historical extensions and trader sentiment.
Other Key Indicators
Moving Averages:
Bitcoin is trading above the 20-day moving average (~$91,500), which is a bullish signal.
The 50-day and 200-day moving averages (~$88,000 and $80,000, respectively) are major support zones.
Relative Strength Index (RSI):
RSI is near 60, indicating neutral-to-bullish momentum. A move above 70 could signal overbought conditions.
Volume Profile:
High trading volume around $92,000–$93,000 suggests significant activity, marking this as a key price region.
Summary
Supports: $92,000 → $90,000 → $88,500 → $85,000.
Resistances: $94,500 → $96,000 → $100,000.
Traders should watch for breakouts or breakdowns at these levels to determine the next price trend.
BITCOIN TRADE PLAN + TECHNICAL ANALYSIS (ASCENDING TRIANGLE)Bitcoin appears to be forming an ascending triangle, a bullish continuation pattern. The horizontal resistance line is at $95,407, while the ascending support line suggests increasing buying pressure.
A breakout above $95,407 could signal a significant upward move.
Resistance Levels:
Immediate resistance at $95,407.
Secondary resistance levels: $108,330 and potentially higher targets as the trend develops.
Support Levels:
Immediate support near $92,000.
Additional support levels: $88,071 and $85,000.
Indicators Analysis:
VMC Cipher B Divergences: Neutral-to-bullish signals with minimal negative momentum.
RSI (14): The current value of around 44.2 indicates a neutral zone, with potential for upward movement if it crosses the 50 level.
Money Flow Index (MFI): Indicates neutral activity, suggesting balanced buying and selling pressure.
Stochastic Oscillator: Near oversold levels (15.3), implying that a reversal to the upside might occur soon.
Trading Plan
Entry Strategy:
Aggressive Entry: Consider entering at current levels ($94,000) with a small position, anticipating a breakout.
Conservative Entry: Wait for a confirmed breakout above $95,407, with strong volume as confirmation.
Stop-Loss Placement:
Place an initial stop-loss below $92,000 to limit downside risk.
For tighter risk management, consider $93,000 as an alternative stop-loss level.
Take-Profit Targets:
First Target: $100,000 (psychological and round number resistance).
Second Target: $108,330 (next major resistance based on historical levels).
Third Target: Trail-stop strategy to capture potential gains beyond $108,330 if Bitcoin rallies further.
Risk Management:
Allocate no more than 2-3% of your trading capital to this position to manage risk effectively.
Monitor trading volume during the breakout; lack of volume confirmation may indicate a false breakout.
Contingency Plan:
If Bitcoin breaks below $92,000, re-evaluate the bullish thesis and consider a short-term bearish outlook toward $88,071 or $85,000 support levels.
Be cautious of false breakouts, particularly around $95,407.
Keep an eye on macroeconomic events or Bitcoin-specific news that could influence price action.
Bitcoin's ascending triangle pattern and current positioning suggest a bullish breakout is possible. Following this trading plan with disciplined risk management can help capture potential upside while limiting downside risks. Monitor the market closely for breakout confirmation or invalidation.
BTCUSDT: Red Lines Mark the Short-Term Shorting Zones
BTCUSDT: Red Lines Mark the Short-Term Shorting Zones 🚨
As you can see here: I shorted 102.500 level last time. I'm not going to build new position but I want to give some weak points on the chart.
We’re looking at key red lines on the chart—prime zones for short-term shorting opportunities. These aren’t just random lines; they’ve been carefully selected based on market dynamics. Let’s break it down:
Strategic Short Zones: The red lines represent areas where sellers are likely to step in. These are not long-term plays but quick, tactical shorts.
Market Context Matters: Always consider the broader trend. While these zones are ideal for shorts, confirmation from lower timeframes (like 1H or 15M) is essential.
Tools for Precision: I’ll use CDV, volume profile, and liquidation heatmaps to ensure the setup aligns with market sentiment.
Pro Tip: These short-term trades require agility—monitor price action closely and take profits quickly. The market rewards those who plan ahead and execute with precision.
Get ready, trade smart, and let’s make this another winning move. Boost, comment, and follow for more insights! 💥
Let me tell you, this is something special. These insights, these setups—they’re not just good; they’re game-changers. I've spent years refining my approach, and the results speak for themselves. People are always asking, "How do you spot these opportunities?" It’s simple: experience, clarity, and a focus on high-probability moves.
Want to know how I use heatmaps, cumulative volume delta, and volume footprint techniques to find demand zones with precision? I’m happy to share—just send me a message. No cost, no catch. I believe in helping people make smarter decisions.
Here are some of my recent analyses. Each one highlights key opportunities:
🚀 RENDERUSDT: Strategic Support Zones at the Blue Boxes +%45 Reaction
🎯 PUNDIXUSDT: Huge Opportunity | 250% Volume Spike - %60 Reaction Sniper Entry
🌐 CryptoMarkets TOTAL2: Support Zone
🚀 GMTUSDT: %35 FAST REJECTION FROM THE RED BOX
🎯 ZENUSDT.P: Patience & Profitability | %230 Reaction from the Sniper Entry
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
🌟 FORTHUSDT: Sniper Entry +%26 Reaction
🐳 QKCUSDT: Sniper Entry +%57 Reaction
📊 BTC.D: Retest of Key Area Highly Likely
This list? It’s just a small piece of what I’ve been working on. There’s so much more. Go check my profile, see the results for yourself. My goal is simple: provide value and help you win. If you’ve got questions, I’ve got answers. Let’s get to work!