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BITCOIN new week open Green - Will we get 8 weeks Green in a row These are all WEEKLY chart 7 weeks in a row closed Green. At Time of writing, Bitcoin is around 109800 usd So Very Bullish and every possibility that this week will also close Green though we are getting near a point of resistance. If we zoom into the same chart, we can see more detail We are above the 2.618 Fib extension and we could return to the 103K zone to test this as support. We may need to do this as it has only ever been resistance previously. We are also very close to a 618 Fib circle.( Blue ) We do not know if this is an area of strong resistance yet but PA is now in the area that we may react to it. As a result of this Fib circle, we need to be prepared for the possibility of reentering that rising channel, We may not do that ,The reasons being that PA still has enough strength. The MACD - or Moving Average Convergence Divergence, is a technical analysis tool used in trading to identify momentum and trend direction. The 2 vertical lines on the left are the 2021 ATH points, to give a comparison. In this cycle we have had 2 previous peaks and then the cooling off period from OverBought. The Cooling off were the periods were BTC PA ranged.. We are currently rising Bullish, with room to move higher but we should be aware that we are in the area that rejected the 2nd ATH in 2021. The daily is in a very similar position but getting choppy. The RSI - Relative Strength Index, a technical indicator used to understand the momentum of a price trend . The RSI helps signal when to buy and sell in a trending market by identifying overbought or oversold conditions in a security. Again, the Vertical lines on the left show you the 2021 ATH points as reference. See how RSI peaks before BTC PA Peaks. We have not been fully OverBought since March 2024. RSI is rising Bullish with Room to move higher, though, again, note how it is in an area were rejection has occurred previously. The Mayer Multiple is a ratio used in trading that compares the current market price of an asset, such as Bitcoin, to its 200-day moving average (SMA) price. This indicator is particularly useful for swing traders to find zones of extreme overbuys and It is generally considered a bullish indicator when the price is above the long-term moving average ( Yellow ) and bearish when the price is below it, although significant deviations from the moving average can indicate overvaluation or undervaluation. Again, take note of the vertical lines and were this Mayer Multiple was. Again, the tendency is that when this Drops, BTC PA has Ranged to cool off and when it crosses above its Average, it leads to a High on the push higher. And once again, remembering what has been said above, we need to wait to see if this crosses its average or get rejected by it. But as you can see, the Average is more often used as support amd mpt resistance. So, in conclusion, I remain Bullish but with a note of Caution till we get a push higher conformed. We could see a pull back and , if that happens, this maybe the last sensible buying Zone for Bitcoin this time round. The Risk is increasing as more and more coins enter into good profit margins. People may get tempted to sell. On a longer term , this month has confirmed a very bullish intent and we have one week to go before month end. I will expand on this on 2nd June This week. we wait and see how Bitcoin will react. Be Kind to others. The world Needs LOVE
INDEX:BTCUSD
by Orriginal
BITCOIN, something for the weekend sir ? - Don't expect to much A qiuck return to the chart I been using most often Bitcoin 4 hour MACD turned BEarish This is likely to drop to neutral at least before turning bullish again The Daily MACD is still rising Bullish but turning down towards the Red signal line. Push hhigher For Bitcoin price unliekly this weekend but possible... As you can see, BTC PA has found support on a olcal rising line and is near the old ATH line. That old ATH line needs to be reclaimed Ultimately, PA could drop back to lower trend line around 105K but the Bulls have snapped PA back up from the recent dip, as seen on the long lower wick on the current candle. Realisticaly, we have not even begun a push higher just yet, not until we get through that Fib circle above AND cool off the indicators I mentioned in the post earlier today But this does show intent....... Do Not Panic if the Price drops further, to many extents, it needs to and depending on the Bitcoin Dominance chart, this could lead to further gains in the ALT market. ENJOY
INDEX:BTCUSD
by Orriginal
Just a quick word of WARNING for BITCOIN- Local resistanceEasy to see and understand line od resistance here. This is trhe line of rejection from 2017 and could well pose a problem in the short term Technically, PA has the ability to break through this line but we need to see if it does. BITCOIN is at a crossroads and this is just one of about 3 things that stand in ts way. As mentioned earlier today, we have crossed one major hurdle today, this is the next one. Hold on tight Guys and Gals, things could get very interesting but, for now, my preferred move for BTC is to range across for a little longer and come back to this next month Unless the next 8 days are a strong push above this line and then try and stay above it
CRYPTO:BTCUSD
by Orriginal
BITCOIN Seems to have Broken the LONG Term resistance- BIG DAY The chart really does say it all You can see the Arc, above PA that has rejected PA Every ATH since 2013 It created the point of rejection on 6 ATH in Total and presented a huge problem if it was not broken. And I can assure you, that arc touches Every ATH. Just recently, this same line rejected PA Twice, with strength. The Zoomed chart below shows you where we are now This image shows you the two 2021 ATH points. and the last two touches { which I find remarkably close to the 2021 double ATH but in miniature } And, as you can see, we have a candle ABOVE this Arc of resistance. and the Big question is now, WILL WE STAY ABOVE And what is also notable is how this has happened perfectly at the end of the FIB TIME SCALE used. This line will have to be tested as support one day and when that day comes, we really REALLY need to remain above. And once we do that..we really will be in price discovery, in a way that we have never been before. I am looking at some charts that may offer projected lines of resistance but I am waiting to see what happens here first before publishing them ENJOY THE RIDE
CRYPTO:BTCUSD
by Orriginal
Bitcoin and the 2013 - 2017 Fractal Update - Have we left it >? For now, I am going to say YES but maybe not completely. If we look at the shape of the Fractal and what BTC PA is currently doing, it could be said that we have just completed 2 ranges in one go..the little one that Took us below the fractal and the other one that is next up the Fractal line. But it is the next 8 weeks that will define this fully and for now, so as to not get caught short, literally, I am looking to that Dashed Arrow that comes off the circle. Noe, I drew that circle back in late Feb ( posted in March ) and PA has just entered it, as can be seen on this Daily version of the same chart ( but with candles and not a line) The fact that we have even entered this area tells me that the dashed Arrow is the path PA will take as a route of least resistance and with a possible ATH in Dec of around 322K USD. That ATH is on the line of resistance drawn from the 2017 ATH and has rejected every Cycle ATH since. ( The line shown on the chart irons out detail but be assured, that line passes throgh the 2021 Nov ATH ) The possibility does exist, thogh gettign slimer, that PA could climb back over the top of the Fractal, though the push to do that would take a LOT of investment... possibly to much now. So, I will sit happy, looking forward to a 370K -> 322K ATH later in the year.. And it MUST be said, as I always say, Look on both sides. There is a possibility that PA could Drop back to the 80K - > 72K line though I feel this is highly unlikely but we are now entering a zone of strong resistance Things may get Volatile Soon. But I would just like to say "THANK YOU" to the 2013 -2017 Fractal. You have taken us on a ride since Nov 2021 and shown us how to do things properly. And so now.........New Adventures and Horizons await........Onwards and upwards
CRYPTO:BTCUSD
by Orriginal
Bitcoin -potential to 91K, back to 78K wick to 73K and THEN -->>In this cycle, since the push up from the Low in Jan 2023, we have had 2 other Major pushes. Each of these came off the Rising line of support that we are currently heading towards again, with the date of "Touch" currently in Mid June. If we rise and stay back in the higher Range Box, that date is even later in the year ( around Mid Q4 ) As I have talked about many times, I am watching the MACD as the "trigger". The chart below is the Weekly MACD We reach Neutral , if we continue current rate of descent, around end of April This is obviously before we would hit the line of support being talked about above. That leaves 2 possibilities. 1) - MACD may drop below Neutral 2) - We may see a bounce from PA but NOT to a New ATH If you look back at previous range we had in 2024, there was a bounce there. See how the Histogram went White as we had that bounce We Just had a white bar on the histogram . Will we see another White bar next week and a further rise in PA Top of current Range box in 91K - We could head to that again, Drop back to the Low around 78K and then we would be ready. This would be over the next 3 - 6 weeks 78K is the Price that touches that line of support the soonest, in early June Why could we go back down? For the reasons above regarding the MACD BUT ALSO ;- There are things called FAIR VALUE GAPS (FVG) . These gaps highlight market inefficiencies and potential trading opportunities, allowing traders to anticipate price movements and confirm trends. That area just below Current PA on this weekly chart is the FVG that goes down to 73K It is NOT guaranteed that PA will revisit that area but while we sit so close, the potential exists But something to note, that could be benifical is that Should PA Drop to Fill that Gap, PA could hit that line of support earlier than Mid June..infact, it would be a month earlier and be in Mid May. So, I can see the potential for a push higher in the near future, to extend MACD, then a drop back to the range Lows, a Sharp wick down to around 73K and THEN a sustained push higher... This is just an idea.....No guarantees...But it does have Potential We will see - Time will tell...........
CRYPTO:BTCUSD
by Orriginal
Bitcoin Following 2013-2017 Fractal UPDATE 2We can see from the chart above that PA has now fallen below the Fractal for the first time since July 2023 This is itself was expected as we can see from previous posts on this Idea PA was overbought and so HAS to cool off However, we have targets as to when PA may try and recover. initially, the circle in End of May was my expected "turn around" point Things have progressed faster and so now, we have possibilities opening up for a move higher, sooner, maybe around end of April 2925 However until the weekly MACD is on Neutral, these would be short lived - hopefully. For a sustainable move higher, PA needs to have the ability to maintain the push the Weekly MACD shown above needs till end of April before any significant move can be maintained. PA has bounced of Neutral previously. But MACD can , obviously, Drop below this point, wait till May, or later, and move then. For me, the line of the arrow higher is becoming the more realistic ideal path But the longer we wait, the Steeper the rise has to be to maintain the idea of Cycle ATH in Q4, as per cycle trends. And to conitnue to follow this Fractal. The Time WILL come were we break away from this Fractal but as I have been saying for years, we are still on it......many things point towards that continuing. But as I have mentioned in a post earlier today, These Trends may be changing. Bitcoin is Maturing All we can do is watch, react and learn HAVE A PLAN FOR ALL OUTCOMES but also understand, the idea of Bitcoin collapsing is becoming more and more unrealistic... The outlook is BULLISH noi matter what I expect to remain on the fractal path till Next cycle ATH Time will tell
CRYPTO:BTCUSD
by Orriginal
2
BTC/USD Weekly Chart Analysis: Potential Price Scenarios in 2025Overview: Bitcoin has displayed remarkable strength in the past few months, approaching critical levels in its long-term ascending channel. The current price action reflects bullish momentum, but there are key levels to watch for potential corrections or continuations. Here’s my detailed analysis based on this weekly chart. Key Observations: Ascending Channel: BTC is trading near the upper boundary of a well-established ascending channel, which has historically acted as resistance. If this boundary is broken with strong volume, the next potential target lies around $116,000. Structure Levels: A Weak High at $102,000 indicates the possibility of a short-term pullback before testing the resistance zone. Break of Structure (BOS) and Change of Character (CHoCH) signals confirm bullish dominance, but corrections are part of healthy price action. Moving Averages: The 50-week and 100-week moving averages continue to slope upward, with price trading well above these levels, signaling a strong bullish trend. Any retracement could find support at the 50-week MA or the mid-range of the channel. Support and Resistance Zones: Resistance: $102,000–$116,000. Support: $76,000 (Golden Pocket) and $64,000. Indicators: RSI is currently overbought at 75, indicating the potential for a cooling-off phase. MACD shows bullish momentum but hints at overextension as the histogram peaks. Projected Scenario: Scenario 1: BTC tests the Weak High at $102,000, faces rejection, and consolidates near the mid-range before attempting to break higher. Scenario 2: BTC breaks out of the ascending channel, initiating a parabolic move toward $116,000. Potential Risks: A failure to hold support at $76,000 could lead to a deeper correction, testing key structural levels like $64,000 and $42,000. Macro factors such as interest rate decisions or global economic uncertainties could heavily impact sentiment. Conclusion: Bitcoin is in a strong bull market phase, but caution is warranted near the upper boundary of the channel. Traders should monitor key levels and volume for confirmation of breakout or rejection. A pullback to the mid-range could provide an excellent buying opportunity for long-term holders. Would love to hear your thoughts—do you expect a breakout or a correction? Let me know in the comments below! Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research before making trading decisions.
INDEX:BTCUSDLong
by rukshan2102
TradeCityPro | ZROUSDT Analysis Is It DeFi’s Turn to Shine👋 Welcome to TradeCityPro Channel! Let’s dive into the analysis of ZRO, one of the popular DeFi coins. Recently, it has broken out of its consolidation range, signaling potential movement in the coming week. 🌍 Bitcoin Overview Before diving into ZRO, let’s take a quick look at Bitcoin. Last night, BTC finally broke its 103,504 resistance, reaching a new ATH of 106,488.25! Bitcoin dominance also ticked green, albeit mildly, allowing a few altcoins to move alongside. However, this Bitcoin leg-up is likely to maintain dominance growth. 📅 Weekly Timeframe Analysis ZRO is relatively new, with only 26 weekly candles in its history. It’s a coin that distributed a portion of its tokens via airdrops to active users within its blockchain ecosystem. Unlike other airdropped tokens, ZRO experienced less sell pressure and consolidated for about 20 weeks, providing excellent liquidity-building opportunities for us. Recently, it broke out of this box, indicating potential for further upward movement. The weekly candle that closed last night reflects strong buyer presence despite some selling pressure. It’s a good buying opportunity with stop-buy entries and stop losses at 5.108 (risky) or 3.016 (safe). 🌞 Daily Timeframe Analysis On the daily chart, ZRO recently broke the 5.033 resistance and formed a new resistance at 7.192, from which it faced a strong rejection. Unlike many other altcoins still stuck in corrective zones, ZRO has already returned to its recent highs. After breaking 7.192, you can consider buying on this timeframe with a large stop loss at 4.068 or wait for consolidation at the daily range’s bottom before entering for a mid-term hold. For added security, move your ZRO holdings to decentralized platforms and participate in the DeFi ecosystem to maximize benefits. It’s important to watch for confirmation of the 7.192 breakout. Although volume increased during bullish moves and decreased during corrections, a strong breakout needs to be accompanied by high volume. The breakout of 65.45 RSI could also act as a strong trigger for momentum entry. ⏰ 4-Hour Timeframe Analysis For futures positions, a strong resistance level has formed on the 4-hour chart. Breaking this resistance would provide clear triggers for the week ahead. 📈 Long Position Trigger breakout above 7.012. The recent rejection strengthened the importance of this level. After breaking this resistance with increased volume, opening a long position becomes a viable option. 📉 Short Position Trigger At this point, I’m not considering short positions. However, if the ascending trendline breaks, I’ll reconsider. For now, I’ll continue searching for lower-level long triggers in case buyers temporarily lose strength. 💡 BTC Pair Insight Against BTC, ZRO has shown strength recently, moving toward its range high. A breakout above 0.00007239 would set the stage for significant upward movement relative to BTC. This could lead to even greater performance in its USDT chart. 🎯 Summary ZRO’s breakout from its consolidation range, coupled with strong buyer activity, suggests an exciting opportunity for both spot and futures traders. Keep an eye on critical resistance levels and volume confirmations to secure the best entries. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
107
BTC - TARGET REACHED | REPLAY from OCT 2023 - NOWIt is with GREAT pleasure that I say, cheers to you and all the bulls that didn't believe the ATH was in after 74k in March! Although it may seem like I've been a perma-bull, there's been short-term bearish updates throughout the year - let's walk through it and see for yourself! I will say this, there was a moment when I thought it might happen sooner, but generally I did repeatedly say I plan for the new ATH during December. Close enough! It is incredibly rewarding to see the entire process playout as I speculated - based off of facts and many hours of analysis and charting since 2017. It all contributed, and makes a world of a difference. I need some time to plan the next move from here, it will take some time to observe the top out - so keep following! ________________________ BINANCE:BTCUSDT
Long
by Crypto-Check-
3
Why we're bullish on $BTC despite weakness over the past weeksThe INDEX:BTCUSD ATH can act as a strong key level, being strong resistance when price is under it and strong support when price is above it. Regardless of what the current market factors are at play now, we know one thing for sure, Bitcoin's break of ATH has without fail been a strong indicator of a bull market every single time since it's inception. Now this does not mean that once we cross the ATH this means we are going straight the moon, we have to remember that a bull market is supposed to last for months, not weeks. What we are seeing now on Bitcoin is not an up-trend or a down-trend, it is a consolidation at it's previous cycle's ATH. Many investors and traders were probably thinking that once Bitcoin passes it's ATH, the asset magically becomes super bullish and that investors will never see a single red candle again for the next year. This however, is untrue as seen on the charts recently and also during previous breaks of ATHs. From a statistical POV, the break of the ATH on Bitcoin is bullish, and that the price can continue to consolidate further before making it's way up, this is completely normal and the best move sometimes, is to do nothing and just be patient. We continue to be bullish as per our Crypto Bull Thesis and we will continue to send updates on the crypto market.
INDEX:BTCUSDLong
by AlgoAlpha
BITCOIN Deep Dive to find Bottom!Welcome Traders, Investors & Gamblers 😃 Let's Dive In and Find the Bottom! Daily Charts: Support & Resistance Levels On a quick glance at this chart we would think that there isn't too much support in the area that Bitcoin is currently hangingon to, but down below I will go through all the indicators that lead me to call these current lows for Bitcoin in the beginning of the year already. Weekly Charts: 200 Week SMA & Falling Wedge: As mentioned yesterday, THE bullish scenario! Wick below the support and finish the week above the wedge support to go back and test the resistance. 2017 $20k ATH: Right in the middle of major moving averages and Fibonacci levels we have the historic ATH from 2018. Monthly Charts: 200 Week SMA, 50 Month SMA: Pay attentio to the red circle, in the one instance where we touched the 200 week SMA but not the 50 month SMA we ended up falling short of a new ATH until we came back downand touched both moving averages. Fibonacci Retracement: The "Absolute Bottom" could lay around the.786 for BTC since we lost the .618 it would be logical to continue down to the next Fib. level and find a bounce there. As we know we have never closed a weekly candle below the 200week SMA and 50 Month SMA, but we have wicked way below on various ocasions with the last being in March 2020. I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
BITSTAMP:BTCUSDLong
by BitcoinEasyIO
BITCOIN 1000 DAYS!Good Evening Traders, Investors & Gamblers 😃 The Idea is pretty simple, it took Bitcoin roughly 1000 days on average to get to a new All Time High after the previous one. That would take us to Summer (July/August) 2024 and roughly in line with the next Bitcoin halving! I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
INDEX:BTCUSD
by BitcoinEasyIO
BITCOIN 360k+ Update!Happy Saturday Everyone! 😃 It's been a little over two weeks since my "crazy" post and video where I spoke about why I think that Bitcoin could reach 165k to 360k before we break the uptrend on the larger time frames and fall into a full on bear market. The original Idea and the follow up video got a lot of traffic and I want to thank all my new followers and @tradingview for the support! 😃🙏 I decided to post an update here on the Monthly BTCUSDT chart for better visibility. Original Idea: "...The Idea is simple, as you can see BTC has never fallen below the 200 Week SMA (black line), not even during black swan events like the start of the pandemic in 2020 ... Bitcoin hasn't found the top yet as an 85% correction from the current 69k top would take us to about 10k and we would have to break the 200 week SMA which as previously mentioned, has never been broken. Hence a result, to imitate the behaviour of Bitcoin during and after the ATH's in 2013 and 2017, BTC would have to rally to about 165k before dropping back down to the 200 week SMA..." Update: - The average correction after reaching a new ATH was 83% from top to bottom since 2010. - 360k+ is more likely than 165k top since the weekly 200 SMA reaches 60k+ (rough estimate) after BTC reaches a top of 360k+.. - All ATH's since 2010 are taken into consideration. Stay tuned for my Bitcoin update video 🎬, where I will discuss the most bullish path to reach those targets of 360k+ ! 📈 I would like to add that this post is meant exclusively for educational purpose and that non of my posts are financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
INDEX:BTCUSDLong
by BitcoinEasyIO
13
BITCOIN 165k before 22k!Happy Sunday Everyone! 😃 This is a mid to long-term bullish scenario for Bitcoin. The Idea is simple, as you can see BTC has never fallen below the 200 Week SMA (black line), not even during black swan events like the start of the pandemic in 2020. We can also see that after the previous ATH's in 2013 and in 2017 , the price dropped roughly by an average of 85% . The conclusion of this idea is that Bitcoin hasn't found the top yet as an 85% correction from the current 69k top would take us to about 10k and we would have to break the 200 week SMA which as previously mentioned, has never been broken. Hence a result, to imitate the behaviour of Bitcoin during and after the ATH's in 2013 and 2017, BTC would have to rally to about 165k before dropping back down to the 200 week SMA roughly between 25k and 22k . I would like to add that this post is meant exclusively for educational purpose and that non of my posts are financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
INDEX:BTCUSDLong
by BitcoinEasyIO
169
165k BITCOIN Prediction Too CONSERVATIVE?!Happy Monday Everyone! 😃 The title says it all, I'm going over my very controversial chart from yesterday where I predicted a 165k top for BTC . I will post an updated more detailed version of the chart in the coming days. Please make sure to check out my other posts too if you liked this one! And finally a massive THANK YOU to all of you new followers and THANK YOU to @TradingView for publishing my post on to the front page of the website! 🙏🚀😃📈 I would like to add that this post is meant exclusively for educational purpose and that non of my posts are financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
INDEX:BTCUSDLong
by BitcoinEasyIO
127
Christmas HopiumI will be the first to admit I have missed some expected targets on the year so far. Many of us have. I like many of you am shocked to see us here at these Bitcoin levels approaching year end. Is all lost? No-Bitcoin continues to reward those who are patient. To all those who follow the Shark, Merry Christmas! We are right there on this Falling Wedge. I'm looking for a pop back to 53K that is the level where Bulls can get some momentum going. Let's look for this Christmas move we all want. Best to each of you. Remember ALL GREAT SUCCESSES ARE THE TRIUMPH OF PERSISTENCE. BRONSON-TheSHARK
COINBASE:BTCUSDLong
by Bronson-TheShark
3