Bitcoin’s Wild Swings & Key Setups in Forex & Gold (#6)Bitcoin has been on a rollercoaster over the past few days, and I’m sure many of you have had your stop losses hit. Let’s break down the reasons behind this volatility and what’s next.
📊 BTC – Expanding Triangle = High Volatility
BTC was set to confirm an uptrend after breaking above $98,500, but then came the Bybit hack.
📌 What Happened?
🔻 On February 21, 2025, hackers stole $1.5 billion from Bybit’s Ethereum cold wallet.
🔻 Attributed to North Korea’s Lazarus Group, this triggered a market-wide sell-off.
🔻 BTC dropped, then settled into an expanding triangle.
📉 What’s important about this pattern?
Support & resistance levels lose significance.
Win rate drops, and volatility increases.
High probability of stop hunts & fakeouts.
🚨 My approach?
No trades inside the triangle.
Long above $97,987 (4H) or after first confirmed higher high & low.
Short below $95K (key support in 4H).
📊 DXY – Still in a Downtrend
DXY continues its price correction, as we anticipated in previous breakdowns.
📌 Bias: Still bearish in the short term unless we reclaim 107.391.
📉 Until then, I remain focused on setups favoring a weaker USD.
🟡 Gold (XAU/USD) – Strong Trend, but Watch for Weakness
Gold remains firmly in an uptrend, but some exhaustion signs are emerging.
📌 Trade Setup:
✅ Long Trigger (4H): Above 2945
❌ Stop Loss: Below 2916.42
📌 Key Reminder:
🔹 A trader’s mindset must be separate from an analyst’s mindset.
🔹 Follow your strategy, take trades, and accept stop losses without emotional bias.
🔹 I’ll be posting an in-depth article on this today.
📈 EUR/USD – Setting Up for a Major Trend Shift?
📌 Daily Timeframe:
EUR/USD has been in a strong downtrend but is now in a correction phase.
A shift in trend is possible if we get a daily close above 1.05217.
📌 4H Trade Setup:
✅ Long Entry: Above 1.05198
❌ Stop Loss: Below 1.04483
Final Thoughts
⚠ BTC is in a highly volatile phase – trade with caution.
⚠ DXY weakness favors long setups in EUR/USD and gold.
⚠ If you’re not using risk management, these setups may not be suitable for you.
⚠ Separate your trader mindset from your analyst mindset
I’m Skeptic —trade smart, stay profitable. See you tomorrow.
Btc!
Bitcoin (BTC): Double Top Pattern / Wait For Neckline BreakWe are still looking for that neckline breakdown to happen from our "double top" pattern.
As soon as we get the break of the neckline, this would send the price back to lower zones (where the first target would be the 200 EMA zone at $86K, then the lower support zone).
Swallow Team
Bitcoin (BTC): Buyers Are Losing Over and Over AgainBuyers are failing to maintain each push that we have seen for the last couple of weeks.
Despite markets being pretty calm on bigger timeframes, we still see signs of weakness and as many might call it, "a calm before the storm."
Our next buy zone for BTC is at $70-75K.
Swallow Team
Pain or gainMorning folks,
So, everything goes accurately with the plan - our 1H H&S is ready to start. Even small "222" Buy already has been formed on the bottom.
So, if you would like to buy - this is the point where you have to decide. Upside target is 100.5-101.2K.
At the same time - don't forget that the H&S has to be considered in context of our big bearish weekly DRPO Sell pattern.
If H&S will be completed at 101K - we consider it as a chance to get the short position at better price. Conversely, if BTC starts dropping and H&S start failing. It could mean that downside action starts immediately.
Other words speaking, if BTC will show upside action at all - it has to start it right now. Otherwise, be prepared for collapse.
I mark this setup as a bullish, because of H&S. But in general we have mid term bearish view.
H&S is just a retracement step before downside action.
Bitcoin Market Update – Consolidation Signals Potential BreakoutCurrent Structure & Price Action:
Bitcoin is maintaining a strong technical structure, consolidating within a well-defined range of $90,000 to $108,000 since December.
This accumulation phase follows November’s rally, with consistent dip-buying reinforcing market strength.
Key Levels to Watch:
Support: Holding above the $90,000 level reinforces stability and keeps the bullish structure intact.
Resistance: A breakout above $108,000 could confirm bullish momentum, with potential upside toward $124,000.
A sustained break below $90,000 would invalidate the bullish outlook and could lead to a deeper correction.
Breakout Confirmation:
Traders should watch for increasing volume on a breakout above $108,000, as it would signal strong participation and trend continuation.
Conclusion:
Bitcoin’s prolonged consolidation suggests the market is coiling for a major move. While the current trend remains bullish, confirmation of an upward breakout requires strong volume above $108,000. Until then, the range remains intact, with buyers maintaining control above $90,000.
10D Chart shows Falling 3 , Pullback to 3/18!! $SPYAMEX:SPY shows 10D trend very clear. It is my hidden gem. We, by my charting, Should pullback until 3/18 ... not sure how far but I have plenty of targets on the way down to my ultimate target at 5200... I think we could flush to $560.. Good Luck yall. Gems I tell ya... sorry I'm so bad at explaining things..
$SPY $SPX OLD CHART BAR PATTERN COVID CRASH NOW!!!!Holy crap.... I just came across an old chart and literally in the nick of timeI tell you. All I'm going to say is... I'm a pattern chart trader and this is the COVID bar pattern attached to our daily from like a year ago almost and I loaded up an old layout to do work and boom... here we are... Good LUCK ... Not sure what the trigger will be but we are here.
$SPY $SPX OLD CHART BAR PATTERN COVID CRASH NOW!!!!Holy crap.... I just came across an old chart and literally in the nick of timeI tell you. All I'm going to say is... I'm a pattern chart trader and this is the COVID bar pattern attached to our daily from like a year ago almost and I loaded up an old layout to do work and boom... here we are... Good LUCK ... Not sure what the trigger will be but we are here.
DXY Falling Below $106 - Cue AltSeason in March!The biggest shock to everyone is going to be the price of CRYPTOCAP:BTC going DOWN while ALTS skyrocket 🚀
As I have discussed in my macro thesis, the TVC:DXY is FINALLY breaking down on the Weekly along with the 10Y.
RSI has topped and Price broke below the WMA9 & 20.
Just waiting on the WMA9 to break below the WMA20 for final confirmation.
Historically when this happens...
it’s ALTSEASON BABY!!! 🥳
After this happened in March 2017,
BTC and ALTS pumped together,
then BTC went down 33% while ALTS exploded higher over a 3 week period before BTC rallied alongside again.
Bitcoin's Final SurgeBitcoin’s been loitering in distribution for 3 months — like a bloated whale carcass washing ashore. Altcoins? Down 50% or more in the same stretch. They’ve juiced Bitcoin’s price, gutted the alts, and pocketed the spread. Next up: BTC’s final lurch to 120k, dragging those discounted alts along for the ride. Clock’s ticking — 193 days left in this cycle, give or take. Big fish will pile in late, right before the cliff, then dump their alt bags on the crowd. Same game, different year.
Horban Brothers.
Bitcoin: Bybit Hack Surprise? Watch For 90K.Bitcoin has established a lower high at the 100K range resistance. In this context it appears a support break (lower low) is more likely to follow. This means a 90K retest can unfold as early as this week. Will 90K hold? There is NO way to know, it all depends on the price action that unfolds at that level. Having opinions of the future will NOT help you at all, ESPECIALLY in this environment.
Case in point: over the previous week, we had Coinbase reveal that the SEC is planning to give up their legal case against them, Bitcoin goes to 99K. This level is the range resistance that I specifically highlighted in my previous week's article. This is followed by The Bybit hack which brought price right back to the 94K range low. Knowing your levels would have prepared you much MORE effectively to navigate the price action around these moves compared to simply reacting to the news.
One observation I would like to assert here is the fact that 99K was rejected so quickly. These situations often attract a LOT of longs who then get stuck in the trade because the unexpected reversal. These longs will be pushed out of their positions if price extends too far which will bolster selling pressure. It is this process that can facilitate the move to 90K especially if it is accelerated by more unexpected bearish news.
As a swing trader, it is best to WAIT for levels in this situation, evaluate the price action, measure risk and wait for some form of confirmation, I repeat this all the time. It is the best we can do, and AVOID trying to forecast the future. Unless you were an insider at Coinbase or a member of the hacking team, you had NO idea that these events were coming. And with the new administration in this country, new financial drama can come out of no where at any time. All I can say is focus on price levels and trend structure and you will be much better prepared than most.
Thank you for considering my analysis and perspective.
Bitcoin Breaks Uptrend line– Is a Crash Coming?As I expected in the previous post , Bitcoin ( CRYPTO:BTCUSD ) started to rise and reached the upper areas of the Resistance zone($100,520-$97,260) .
Bitcoin is moving in the Resistance zone($100,520-$97,260) and has managed to break the Uptrend line .
According to Elliott's wave theory , Bitcoin seems to have finally completed the main wave C .
I expect Bitcoin to attack the Heavy Support zone($93,300-$90,500) and Support lines once again, this is likely to be a heavy drop .
Note: If Bitcoin breaks the Resistance zone($100,520-$97,260), we expect more Pumps.
Do you think Bitcoin can break the Heavy Support zone($93,300-$90,500) or not?
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour 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).
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TOTAL MARKET CHART UPDATE !!The chart shows the total cryptocurrency market capitalization trend. It shows a range-bound movement within parallel lines, indicating potential resistance and support levels.
Here are some key points you may find useful:
Current market capitalization: approximately $3.13 trillion.
Resistance and support: The upper and lower lines indicate levels where the price has historically reversed.
Trend analysis: The price seems to be consolidating, which could lead to a breakout or breakdown.
Keep an eye on the market to see if it breaks out of this range!
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
BTC consolidation, The Week Ahead 24 Feb ’25 The Bitcoin (BTC) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since the spike to an all-time high of 109,000 on 20th January 2025, the BTC price action is starting to display some signs of bearish behaviour by potentially forming a double-top reversal pattern.
The key trading level is at the “Neckline” 91,900 level, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 91900 level could target the upside resistance at 100,650 (20-day moving average) followed by the 105,590 and 109,460 levels over the longer timeframe.
Alternatively, a confirmed loss of the “neckline” 91,900 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 85,275 support level followed by 79917 and 75060 (200-day moving average).
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
BTCUSD: Fvg to be FIlled?Hello. Relatively new in the BTC field, any feedback will be appreciated.
As seen on my chart, im expecting price to come back and fill a FVG formed on a recent dump. Seems that we have a somewhat decent bullish trend.
My entry is based on liquidity, currently set at 96206, but I am aware we might see a stop hunt slightly below.
First TP was set on a possible liq sweep reversal point since market does not really have a strong direction as of now, and Second TP is at the fvg start point.
SL is set right below a lower high to avoid getting stopped from a stop hunt, if it reaches said point.
Please, let me see your thoughts and if possible, to get feedback and learn more together:)
BTCUSD Daily Inflection Point UpdatePreviously I mentioned the weekly was consolidating, but there is potential for this momentum consolidation to have a breakout leg as momentum shifts and the final emotional price movements are played out. I was too conservative in my price projections; a lot more than I used to be- but there wasn't a whole lot of TA involved- I figured the dollar issues would crop up earlier.
Now that the Fed had pivoted. the yields are creeping back up pushing bitcoin back down. The fed doesn't let on just how dire the situation is- and with global tensions rising, the dollar is at significant risk.
I expect a broad correction in all the markets- and cash to become very tight.
There is daily momentum consolidation- and if any other events occur that send yields upward- bitcoin is likely to suffer as a consequence. If instead we sail into the new year unscathed- then this consolidation may provide another leg up; but a break below 88k and a push towards 60k may solidify bitcoins correction.
DAILY
WEEKLY
The New Baseline: Bitcoin Is Going Higher (New 2025 ATH #s)Good afternoon my friend, we have a new baseline.
Bitcoin has been consolidating above 90K for three months. We are about to move higher. Bitcoin is set to move higher, much higher in the coming weeks and days. Whenever there is a drop, the strongest support ever will be found around $90,000 and $94,000. Bitcoin will never move below/lower than this range. This is our new baseline.
The next advance is here now but still not yet present on the chart.
The ByBit hack was a major event and yet, the market is so strong that Bitcoin bottomed around 95K. This after the biggest hack in the history of the Cryptocurrency market. This confirms that sellers have no force, the bulls are strong and ready to buy-everything. The bulls have been accumulating and will continue to accumulate long-term. This is it.
A common question goes as follows, "When can I buy Bitcoin?"
"Can I buy now?"
The price to buy Bitcoin for long-term holders, spot traders and accumulators is within the $90,000 and $100,000 price range. We still have one or two more days left to go but it seems $90,000 is now something of the past, impossible to buy Bitcoin at this price. It is gone. It is not available anymore. Think long-term.
We are entering a new bull-market. A major bullish-wave within an already very strong bullish phase. Bull-bullish-bullish in short.
The lowest level after 17-December 2024 peak price stands at $89,268 on a wick. The lowest close $92,541.
Starting 18-November 2024, Bitcoin has never closed below $90,000 and it is likely that Bitcoin will never, ever, visit this level again.
After the bull-market bull-run and bullish phase the bear-market the follows is likely to bottom higher, but this is still too far away.
The new All-Time High in 2025 is not set in stone, it has not been decided. All the numbers I've been sharing is all speculation. The market can go for longer and higher than anything we expect, it is truly unpredictable. It cannot go lower though. We know for sure that Bitcoin will not peak below 150K. We have a minimum range of 160,000 to 180,000 with 200,000 also possible and who knows... Cryptocurrency is new and young.
I just wanted to tell you that you can rest easy because the best is yet to come.
We are only getting started. We are about to experience long-term growth. It will be the most profitable and most exciting we've seen in years. Everything is about to speed up.
Give it time. Now, buy and hold.
We are on the verge of incredible change.
Positive change. This is the evolution of finance.
You are in the right place at the right time.
Imagine the Internet, but on steroids. That's BTC.
Namaste.
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BTC/USDT: Breaking Free from a Descending Broadening WedgePattern Breakdown:
Descending Broadening Wedge:
Characterized by lower highs (LH) and lower lows (LL), this pattern reflects increasing volatility and a potential exhaustion of selling pressure.
Historically, these patterns often resolve to the upside as buyers reclaim control.
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Current Structure:
BTC has bounced from the lower boundary of the wedge, showing signs of a bullish reversal.
The price action aligns well with the theoretical breakout strategy depicted in the diagram, highlighting a high-probability long setup.
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Key Levels to Watch:
Immediate Resistance: The upper boundary of the wedge around $98,000 serves as the first hurdle.
Breakout Target: A successful breakout above $98,000 could push BTC toward the highlighted supply zone at $101,200-$102,000.
Support Levels: Critical support rests near $93,500, where bulls need to maintain control to preserve the bullish outlook.
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Momentum Indicators:
Volume: A noticeable decline during the wedge's formation suggests consolidation, often preceding a strong breakout.
Relative Strength Index (RSI): The RSI is turning upward from oversold levels, signaling increasing buying pressure.
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Trade Setup:
Entry: Watch for a confirmed breakout above $98,000.
Targets: The first target lies at $101,200, with the potential for further upside toward $105,000 if momentum sustains.
Stop Loss: A break below $93,500 invalidates the bullish scenario.
Bitcoin (BTC/USDT) at a Critical Zone: Two Possible Scenarioshello guys!
Support Zones: BTC has bounced from QML1 (~$95,500) after testing it as support. A deeper retracement to QML2 (~$94,400) is also possible if the current level fails.
Two Potential Scenarios:
Bullish Scenario: If BTC holds above QML1, it could continue its upward momentum toward $98,778, breaking previous highs.
Bearish Scenario: If BTC loses support at QML1, a dip toward QML2 might occur before another potential bounce to the upside.
Liquidity & Structure: The overall trend suggests a bullish continuation, but a retracement for liquidity grab is still in play.
_____________________________
Trading Plan:
Long Entry: If BTC confirms support at QML1, targeting $98,778.
Wait & See: If BTC dips to QML2, look for reversal signals before entering.