Bitcoin: Step-by-Step Action Plan for 2025
Bitcoin has just reached its 60-day cycle low, coinciding with the conclusion of the U.S. election—a critical moment in both markets. If this cycle follows a "right-translated" pattern, we could see BTC maintaining bullish momentum for the next four weeks.
In trading, two types of participants tend to profit: those who spot and act on trends using indicators, market structures, or other strategies, and those who rely on luck by buying at the right time. While luck might bring gains in a market with Bitcoin’s history of strong growth, relying on it is often short-lived. Without the skill to analyze the market, "lucky" traders often lose out in the long run, especially when conditions turn.
For sustainable success, understanding the 60-day cycle and recognizing right-translation as a bullish sign can make all the difference. Watch for potential upward movement in Bitcoin over the coming weeks, but remember to keep an eye on key indicators and manage risk carefully!
What Are the Cycles Telling Us About Bitcoin and Altcoins Right Now?
Bitcoin Confirmed 60-Day Cycle Low: Bullish Setup for the Next 40 Days
Bitcoin's price is showing signs of upward momentum. Our 3-day indicator, which we aimed to see below 20, has started turning upward, suggesting a bullish short-term pattern. Currently, the daily indicator sits around 46—potentially a good entry signal. Over the next 3-4 days, we could see a strong price push, potentially followed by a brief consolidation.
The ideal buying opportunity came at the last cycle bottom of $56,000, with the next best entry at the recent low around $70,000. Now, with Bitcoin confirming its 60-day cycle low at $68,000 and beginning its ascent, a right-translated cycle could mean a climb over the next 40 days, providing ample time for gains.
While the 1-week indicator (red line) is above 80, it’s holding steady, indicating a continued bullish phase. Although this weekly indicator may dip to 20 within the next month or two, bringing another buying opportunity, strong uptrends can mean that waiting could result in missed profits. Stay alert for potential pullbacks, but the momentum is favoring the bulls!
Don't sleep on open profits - always take profits on the cycle tops!
Bitcoinsell
Sat 2nd Nov 2024 BTC/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a BTC/USD Sell. Enjoy the day all. Cheers. Jim
BTCUSD Reverses from Major Resistance, Downtrend ExpectedBTCUSD has been trading in a well-established downtrend channel over the past few weeks. Recently, it hit a major resistance level and is now showing signs of a reversal to the downside.
Key Resistance Break:
The price action indicates that BTCUSD is failing to break through the resistance level, signaling a potential continuation of the downtrend in the upcoming sessions.
Potential Target:
Looking ahead to next week, we anticipate that BTCUSD may resume its downward trajectory and could potentially touch the 55,000 mark if the bearish momentum continues.
RSI Momentum Shift:
Multiple RSI lines have shifted downward, confirming the weakening momentum and supporting the likelihood of further downside movement.
Conclusion:
Traders should watch for confirmation of the downtrend as BTCUSD moves further from resistance. The technical indicators, particularly RSI, suggest that the market remains bearish in the near term.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should conduct your own research or consult with a licensed financial advisor before making any investment decisions.
BTC → Bitcoin Blasts Through Resistance Then Falls Down. Short?Bitcoin completed its measured move on January 7th and gave us some extra price action up to the $49,000 area. With a strong sell signal and now a follow-through bar reaching the Daily 30EMA, is it time to short?
How do we trade this? 🤔
To justify a short trade, we need a Daily candle close below the 30EMA. The other data points all support a counter-trend trade: Measured Move Complete, Strong sell signal above key resistance area, RSI below the moving average around 50.00 with room to fall.
I frequently reference the 4HR chart when trading the Daily timeframe. As you can see in the chart below, the 200EMA on the 4HR chart overlaps with the 30EMA on the Daily chart. Using that same point of reference as a key support level, we can look for a close below the 4HR 200EMA to justify our short. That also allows us to get an earlier entry into the position:
Once we get that candle, we can justify a short scalp to the previous trading range/measured move mid-support at a 1:1 Risk/Reward Ratio.
💡 Trade Idea 💡
Short Entry: $42,650
🟥 Stop Loss: $46,950
✅ Take Profit: $38,350
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Measured Move Completed Into Key Resistance Area.
2. Strong Sell Signal Above Measured Move Resistance.
3. Strong Sell bar falling to 30EMA
4. Wait for Daily Candle to Close below 30EMA.
5. RSI at 50.00 and below Moving Average.
💰 Trading Tip 💰
There is over a 60% chance of a measured move after the breakout of major resistance, normally, a trading range. That means the distance from the trading range resistance to the top of the breakout will happen again above the top of the breakout.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
BTC 4HR Analysis - Bears Are Taking Control to 200EMA!Bitcoin has had three pushes up from its previous trading range ending with a failed break of the $37,500 resistance level three times, leading the price below the 30EMA. Per my Weekly Analysis, the $37,500 price area is Bitcoin's Weekly Bull Channel resistance. These data points mean a short is reasonable from the $37,000 price area with a stop just above the pin bar at $38,000. It's also reasonable to take some profits at the bull channel bottom (about 1:1 Risk/Reward) and the remainder just before the 200EMA around the $34,000 area.
Key Points
1. Bitcoin is still in a Bull Channel
2. We have three pushes up ending with a strong bear pin bar
3. Three failed attempts to break and hold $37,500.
4. Gap from Current Price to 4HR 200EMA
5. RSI is just above 40.00 with Room to Fall
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
Bitcoin Possible Sell-Off to Low 33.9 Or LowerBitcoin performed a sweep yesterday then went up and grabbed the liquidity at 34.6 ( EXACTLY where we mentioned) then got rejected and moved down.we could see one last liquidity grab to the upside before the move to 33.9 starts.
Thanks for watching and your support <3
#BTC 🔴M5. Short (Bitcoin)In general, the situation is LONG, but since the price went beyond the H4 range and returned back, it looks like a fixation in the range, we can try to take a correction.
Above the market opening price. (✔️)
Imbalance at the border of the H4 range. (✔️)
Price under the First Buyer of Exchange Options. (⚠️)
input: 31541
stop: 31756
tp-1: 31321
tp-2: 30890
Bitcoin | Fundamental and technical analysis for July.Hello;
1. There is a negative divergence on the RSI on the Bitcoin weekly chart.
2. There is a bearish shark harmonic pattern on the Bitcoin daily chart.
3. The fact that the FED skips the rate hike in June and all FED members approve the rate hike 3 times until the end of 2023 at each meeting means that the price of bitcoin will fall.
4. Now that June is over and there will be a FED meeting on the 26th of July, I predict that this month will be a bearish one.
5. The negative divergence in the technical view and the highest level of RSI in the daily chart support this.
6. When Bitcoin price reaches $21,750, I predict that it will touch the trend line I have drawn on the weekly chart.
7. It is not known whether a new uptrend starts after the trend line, but my predictions are in this direction at the moment.
8. I added the bearish shark harmonic pattern, which was formed after the last rise in prices on the Bitcoin daily chart, as an image on the weekly chart.
Good luck everyone.
Bitcoin Plummets: Massive 39% Dump Shakes Market!Firstly, it has come to my attention that the 18-hour Demand Zone was breached earlier today.
Secondly, I have identified the subsequent Demand Levels located at approximately $16,000.
The target is subject to variation, contingent upon the market's response and the trade orders previously executed by major participants.
BTC: Go long first, then short
BTC3h chart, double-top pattern, this pattern usually means a decline in the market, and the larger the level of the chart, the greater the decline. The important resistance is around 28,000 and the support is around 27,200, but the current pattern is a double-top, so I think it will fall below The probability of support is extremely high, so my trading point of view is to short.
Trading Signals:
buy: 27500-27400
tp: 27950
sl: 27100
sell: 27900-28000
tp:26700
sl:27200
Traders, I hope my signals can bring you profits, if you like my views, please support me and follow me!
Will Bitcoin drop to $1,000 check ithello traders what do you think on bitcoin this is on monthly chart .many are expecting it to a 100k of course the fundamentals hold the prediction when it comes to long term than the technical but still for any market to be efficient it need to balance the book what is your thought on it let me know in the comment .
BITCOIN (BTCUSD): Selling On RetracementBITCOIN (BTCUSD) – Cash: Selling On Retracement via Blind Entry Or After Price Action Signal Around $18154 Support Level
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price has been forming a Multiple Inside Bar Pattern, with a wide Mother Bar, since Friday, Nov 11th (We are not considering trading this pattern).
Price moved significantly lower from the Small Bearish Tailed Bar Signal that had formed just under the $21491 – $22808 key resistance area (Event Area), on Saturday, Nov 5th (We did not consider trading this signal, nor did we mention it at the time it formed).
Potential Trade Idea: We are considering selling on a retracement higher via blind entry or after a price action sell signal, at or around the $18154 – $18663 short-term resistance area.
Strong Sell Signal for Bitcoin. Road to 14k.I analyze daily and weekly timeframe. Here are the list why bitcoin will go down:
1. 100 SMA and 25 SMA is my indicator for reversal. It the recent rally, the 100 SMA and 25 SMA failed to cross for bullish reversal.
2. Support lines are drawn in my chart. It currently breaks the support line in 17.5k-18k area.
It is headed for the next support of 14k. If you zoom out the chart and look for weekly chart. You can see a support at 14k in June 2019.
3. -DI is above the ADX and the slope of ADX is high. I also based the strength of the trend based on the slope of the ADX.
I look for 14k if there is possible big rally or bounce. I will take profit if the -DI goes below the ADX and wait for further reversal signal.
BITCOIN: Bearish Fakey + Pin Bar SetupBITCOIN (BTCUSD) – Cash: Bearish Fakey + Pin Bar Setup
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed a Bearish Fakey + Pin Bar Setup overnight (We suggested waiting for this setup in the Sep 21st, daily newsletter).
Price exploded lower from the $21930 – $22808 short-term resistance area.
Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the current Bearish Fakey + Pin Bar Setup.
Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action signal, whilst price remains under the $21930 – $22808 short-term resistance area.
$BTCUSD (Bitcoin / USD) - Bear Flag within A Bear Flagthe 19/8 breakdown on $BTC did not follow through to play out the entire textbook projection of a bear flag breakdown.
currently $BTC is morphing out another mini bear flag within a bear flag. the drifting price action remains a sign of lacklustre and reluctance from investors