Get started

Bitcoin (Cryptocurrency)

BITCOIN: Bull Flag. Will it break upwards?Bitcoin has just turned bullish on its 4H technical outlook (RSI = 56.545, MACD = -0.190, ADX = 38.441) but remains neutral on 1D. The reason is that the price is now at the top of the 2 week Channel Down, having crossed and closed over the 4H MA100 for the first time since January 31st. On the larger timeframes this Channel Down could be a Bull Flag to continue the bullish trend but of course the price needs to cross over it, otherwise a technical rejection will prevail. If it breaks upwards, go long targeting the 4H MA200 (TP = 99,500). Until it does, keep a tight SL short targeting the top of the S1 Zone (TP = 95,750). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSD
by InvestingScope
TradeCityPro | Bitcoin Daily Analysis #11👋 Welcome to TradeCityPro! In this analysis, as usual, I'll review the appropriate futures triggers for the New York session. 🔄 Yesterday, the market activated the long trigger and rose from the box's floor, so before delving into today’s analysis, I’ll also review this trigger for you. ⏳ 1-Hour Timeframe Yesterday, the trigger I had set at 964446 was activated and provided a very good position. The top line of the Expanding Triangle is also being broken, and the trigger for breaking this triangle will be at 97816. ⚡️ If, concurrently with the break of the triangle's upper line and the trigger of this triangle, volume also increases, we can say that bearish momentum has entered the market and the price might finally exit the range box it has formed. 🔼 The main trigger is the break of the box’s ceiling at 98482, and if this area is broken, we can confirm the price’s bullish trend. 📊 For a long position, the appropriate trigger seems to be breaking 97816, and I personally am waiting for this trigger. A break of 65.46 in the RSI would give me a momentum entry trigger. 📉 For a short position, we must first wait for the bullish momentum in the market to dissipate and wait for bearish momentum to arise and create a short trigger structure. Until then, the short triggers will be from 96446 to 95108. 📅 BTC.D Analysis Let’s move on to the analysis of Bitcoin dominance. Yesterday, dominance was ranging, and almost no difference was noted from the previous day, but I've adjusted the area from 61.10 to 61.04. If this area is broken, dominance could move downward toward 60.48. 🔑 For an increase in dominance, if 61.49 is broken, we can expect the upward trend to reach 62%. 📅 Total2 Analysis Moving on to Total2. Yesterday, the trigger at 1.21 was activated, and this index is moving upward. The next resistance that price could face is at 1.24, and if this resistance is broken, Total2 could move up to 1.28. Conversely, if Total2 moves downward again, the short trigger will be at 1.19. Keep an eye on Bitcoin dominance to decide whether to open positions on altcoins or Bitcoin. 📅 USDT.D Analysis Let’s discuss Tether dominance. In this chart, our trigger from yesterday, 4.55, was activated like Total2, and this area was broken. Currently, the next support for Tether dominance is at 4.46. If 4.46 is broken, the next area will be 4.40, and for confirming a long position, you can use the break of these supports. Conversely, for a short position, if 4.62 is broken, Tether dominance will increase, indicating that the market will be bearish. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
8
BTC/USD: Key Levels and Breakout Watch!!Market Overview: The BTC/USD pair is currently in a consolidation phase, with price action contained between two key levels. This analysis aims to evaluate the market structure, potential breakout points, and the most likely directional move based on technical indicators. 📈 Price Structure & Key Zones: Resistance Levels: 97,900 USD: This key resistance level has been tested multiple times. The market has recently interacted with it, showing signs of rejection. 🚧 Breaking above this zone would be a bullish sign. A sustained break would confirm a potential uptrend. 🚀 100,258 USD: The next critical resistance lies just above the previous level. A breakthrough here could confirm the market is ready to rally higher! 🎯 109,546 USD: The ultimate target zone, with further resistance likely. 🌌 A break through this area would confirm a significant bullish move. Support Levels: 94,000-95,000 USD: Strong support in this range, where price has bounced higher before. 📉 A failure to hold this level could signal a bearish reversal. ⚠️ Trend Analysis: 200 EMA: The price is above the 200 EMA, showing a bullish short-term trend. 📊 A positive sign of upward momentum, confirming the current market sentiment is more inclined toward the upside. 🚀 Rising Wedge Formation: This is a continuation pattern, suggesting that the market could break higher if resistance is overcome. 🔼 The potential move toward 100,258 USD could be the next phase if the breakout occurs. Volume & Momentum: Volume has been relatively low, indicating consolidation. 💡 A breakout with higher volume would confirm the strength of any directional move. 💥 Potential Scenarios: Bullish Scenario: If the price breaks above 97,900 USD, we can expect a bullish move toward 100,258 USD, with the 109,546 USD zone as the next target. 🚀📈 Bearish Scenario: A failure to break resistance could lead to a pullback to 94,000-95,000 USD, or even lower if support breaks down. ⚠️ A downside move may signal a deeper correction. Conclusion: The market is at a crucial point. If Bitcoin can break through 97,900 USD, we may see a bullish rally toward 100,258 USD and 109,546 USD. 🚀 If resistance holds, expect a possible move toward lower support levels. 🛑 Keep an eye on volume and key levels! 🎯 Let’s stay alert and react accordingly! 📊📈
BINANCE:BTCUSDLong
by MrStellanSight
What I see using simple trend linesOn the daily time frame bitcoin is still in the consolidation range. The 10 21 and 50 moving averages are way above the 200. I'd like to see all four bunched tightly together before considering a long or short. If price action continues as it has then this could happen towards the end of March. On the 4hr time frame bitcoin has broken out of my descending channel and retested it but I don't think it can be sustained. It could be positive to see two daily candles close outside of this descending channel. But this could delay the next major rally beyond March. The 10 21 and 50 moving averages are way below the 200. Bitcoin needs to be heading to 100,000 for those moving averages to cross the 200. If bitcoin can reach 100,000 soon then this is potentially bullish. On the 45min time frame bitcoin remains in the other descending channel. If the 50 crosses the 200 then this is potentially bullish in the short term. But the 10, 21 and 50 moving averages have crossed the 200 a few times lately with no significant rally. My conclusion is bitcoin is going to remain in this range for several weeks. Price may tumble to 88,000 but it's nothing to be worried about. If price goes above 101,000 too soon I'd be cautious that it's a bull trap, while any price action below 88,000 could be a bear trap. I would expect the latter to happen just before the market is primed to rally to a new ATH, and the former will trick retail into thinking the bulls have taken control. It's a time for patience and having faith in your strategy.
BINANCE:BTCUSD
by ZorosonD
Another attempt for the 101-102K bounceMorning folks, So market stands in the narrow range for the 3rd week already and not leaving hopes to show the bounce up to 101-102K area. Last attempt (in the way of cup pattern that we've discussed last time) has failed. We don't care about it because mostly stay focused on weekly bearish DRPO pattern. Thus, any bounce here we consider first as a chance to Sell. And only second as a possible upside continuation. For now BTC is trying to make an another attempt and form reverse H&S pattern on 1H chart. So target remains the same 101-102K. We have no intention to go long right now. But, if you trade intraday or just search chances to buy - maybe be this setup might be useful to you. Supposedly 96K is an area where decision on position taking has to be made. I keep the "bearish" mark for this setup. But, as now as last time - the bounce to 101-102K area are not excluded.
COINBASE:BTCUSDShort
by Sive-Morten
Levels to watch out The market has been stuck in a range for almost three weeks now. Unless we see a decisive break either below 90,000 or above 99,000, it’s tough to predict the next move. However, if we do break either level, it could trigger a sharp move—likely towards 125,000 or 75,000, with the latter seeming more probable at the moment. That said, time will tell. Personally, I’m expecting a short-term rally back to 99,000, especially after the recent head-and-shoulders pattern that’s been forming.
Long
by Shivkumar600
BTCUSD: The magic of the .618 Fib signals $165k.Bitcoin is about to turn neutral again on its 1D technical outlook (RSI = 44.436, MACD = -739.700, ADX = 52.589) in an attempt to form a new bottom for February on its 2 month consolidation phase. This consolidation phase is technically no different than all others since the 2023 Bull Cycle started. We have had three such consolidation phases, two longer, one shorter but all started after market tops on a +1.0 Fibonacci progression: 1st on the 1.618 Fib, then on the 2.618, the 3.618, which brings us to the current ATH on the 4.618 Fibonacci extension. Technically the next one should be on the 5.618 Fib (TP = 165,000) then only thing that's open is whether it will follow the 2023 longer consolidation or 2024 shorter. If it follows the longer, then the 165k target may coincide with the Cycle Top towards September. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
Ethereum 200 Weekly SMAEthereum interestingly is supported fairly well by the 200 Weekly SMA You could say any good investment if it goes below that type of line is a deal for sure. The farther away it is above the line its more over priced. Things can be a good distance away and still be a good deal but the fact that Ethereum is literally touching it in last two weeks means we need to pay attention. We might not see the same percentage gain as before away from that line later in year 2025 but it was a high raise between 500 to 800 percent above that line in 2021. Which is between 12k and 19k right now.
COINBASE:ETHUSDLong
by DiscoverTheChain
Is Bitcoin Now Set Up to Rally?Large Speculators are now net-short Bitcoin futures (red circle, bottom right) according to COT positioning data. As previously published, Bitcoin has never rallied when LG Specs were net-long, but that does not mean BTC is going to instantly start going up with the turn to net-short. From an overall positioning standpoint, Bitcoin is neutral since non of the trader types are at a max position, so reward/risk from a CMR process type trade is not there, but it is interesting to see how Bitcoin now reacts to news (whether bullish or bearish) and see of market tone changes with positioning data changing. I think one week is not enough to confirm so this Friday will be telling to see if LG Specs continue to short BTC or flip back to net-long.
CME:BTC1!
by Crowded_Market_Report
8
#BTCUSDT #4h (Bitget Futures) descending channel breakoutBitcóin just regained 20EMA support, printing a three-white-soldiers pattern. Looks good for bullish continuation from here. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: Bitget Futures Signal Type: Regular (Long) Leverage: Isolated (10.0X) Amount: 4.9% Entry Zone: 98356.7 - 97312.9 Take-Profit Targets: 1) 102615.4 1) 106215.9 1) 109816.3 Stop Targets: 1) 93834.3 Published By: @Zblaba CRYPTOCAP:BTC BITGET:BTCUSDT.P #4h #Bitcoin #PoW bitcoin.org Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +48.9% | +85.7% | +122.5% Possible Loss= -40.9% Estimated Gaintime= 1-2 weeks
Long
by TradingOn
1
Bitcoin (BTC/USD) Analysis: Consolidation Before Breakout?Bitcoin (BTC/USD) Daily Chart Analysis Market Structure and Price Action The Bitcoin (BTC/USD) daily chart exhibits a consolidation phase, with price movements constrained within a well-defined range. This range is highlighted by the blue rectangular area, indicating indecision in the market as neither buyers nor sellers have established clear dominance. Key Technical Levels 1. Resistance Levels: $100,000 - $103,787: Upper boundary of the consolidation zone, serving as a key resistance level. A breakout above this level could indicate renewed bullish momentum. $108,734 - $110,266: Potential upside targets if resistance is breached. 2. Support Levels: $96,484 - $97,065: Lower boundary of the consolidation zone, acting as short-term support. A breakdown below this level could signal increased selling pressure. $89,533 - $84,773 (200-day EMA): Critical long-term support zone. The 200-day Exponential Moving Average (EMA) at $84,773 serves as a major technical support level, historically acting as a strong demand zone in trending markets. Technical Indicators and Market Outlook 200-Day EMA: The 200-day EMA at $84,773 reinforces long-term support, making it a key level to watch in case of a market correction. Trendline Analysis: The chart indicates a previous uptrend, followed by a sideways consolidation. A breakout from this range will determine the next directional move. Highlighted Zones: Green-shaded areas suggest historical demand zones, indicating potential buying interest. Orange-shaded areas represent previous supply zones, which may act as resistance in case of a price increase. Potential Market Scenarios 1. Bullish Breakout: A break above $103,787 could trigger a continuation of the upward trend, with potential price targets at $108,734 and $110,266. Sustained bullish momentum may push the price towards new all-time highs beyond $120,000. 2. Bearish Breakdown: A break below $96,000 may indicate increased selling pressure, leading to a potential decline towards $89,533 - $85,000. If Bitcoin loses support at the 200-day EMA ($84,773), further downside momentum could materialize, leading to an extended correction. Conclusion Bitcoin is currently in a range-bound phase, with price action indicating market indecision. A breakout above $103,787 would signal a resumption of the bullish trend, whereas a break below $96,000 could lead to further downside movement. The 200-day EMA remains a critical long-term support level, and traders should closely monitor price action around these key areas to determine the next market direction.
BINANCE:BTCUSD
by MrStellanSight