Btc!
Bitcoin Update: Warning of a Potential Crash!Bitcoin has been ranging around the 98K level for about 90 days. Fractals show strength, but I see another potential move incoming, though with a low probability. In this scenario, we can expect a quick shakeout in the market, where BTC price drops in a 17% shadow down to $80K, followed by a flash recovery to the starting point of this move, continuing toward new highs along with the fractal demonstrated on the chart, with the ultimate target of $150K, in my opinion.
Overall, there is little concern about this scenario since it has a very low probability, but to be cautious, it’s better to manage our risks.
The main scenario in my mind is still my previous analysis based on its fractal, and I remain bullish.
The Others UpdateThe market is testing your patience, trying to shake you out so they can buy back at a lower price. Stay strong and hold your ground.
Observe the chart carefully, a perfect double bottom was formed earlier, while now the RSI remains elevated, signaling potential strength in Altcoins.
As always, the crypto market will move faster than you can react.
Happy Tr4Ding !
Bitcoin’s Bullish Patterns_Ready for a Breakout!?As I expected in the previous post , Bitcoin( BINANCE:BTCUSDT ) approached the Heavy Support zone($93,300-$90,500) and Support lines but quickly started to rise.
Bitcoin is moving in the Support zone($96,150-$94,700) . And in this increase of Bitcoin in the last few hours, we can see the Morning Star Candlestick Pattern well in the 2-hour time frame .
Educational tip : The Morning Star is a bullish reversal candlestick pattern that forms after a downtrend, consisting of three candles: a large bearish candle, a small indecisive candle, and a strong bullish candle. It signals a potential trend reversal and growing buying momentum.
In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in forming the Descending Broadening Wedge Pattern , which can be a sign of Bitcoin's increase .
According to the theory of Elliott waves , it seems that the entire corrective waves inside the descending channel were all in the form of a Zigzag Correction(ABC/5-3-5) so that it seems that Bitcoin finally completed the main wave C in the previous hours. If Bitcoin breaks the upper line of the wedge pattern, we can confirm the end of the main wave C .
I expect Bitcoin to be able to touch the Targets I specified on the chart AFTER breaking the upper line of the Descending Channel .
Note: If Bitcoin goes below $94,400, we expect more dumps.
Do you think Bitcoin can finally break out of this Descending Channel? Pump or Dump?
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Bitcoin Analyze (BTCUSDT), 2-hour time frame.
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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).
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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.
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.
BTC Short SqueezeBitcoin is currently trading green for the week, where it currently sits at US$96,700.
The Bollinger bands are continuing to compress, indicating that the price range of which Bitcoin is trading is narrowing.
Should we get a kick in volatility in the coming days, below are some potential outcomes.
Sentiment in crypto markets have taken a hit in recent weeks, with the fear and greed index currently indicating market sentiment as fearful.
Global exchange data from Coinglass suggests that if Bitcoin surges to US$100,000, up to $5 billion in short leveraged positions could be liquidated, triggering a potential short squeeze as traders rush to cover their positions.
Bitcoin volatility has also dropped to its lowest point since August 2024.
Bullish Scenario
Price may head towards $102k which is the February monthly open; this could be fuelled by a short squeeze – based on what we know from the exchange data referenced earlier.
Bearish Scenario
Price failing to remain above the yearly open of circa $93k could result in a move back towards the January low of $89k.
$BTC have a gold fractal!Please pay attention to the Bitcoin chart and the Gold fractal! It's incredible, but it looks very similar. The level of correlation is quite high! Similar formation of tops, bottoms, breakout without retest and then now breakout phase with retest. The retest was successful. Very soon there will be the strongest growth! Good luck!
Horban Brothers!
We're going for an update of the highs!High number of eliminations per level at 100k+, I believe we are at the starting point stage and will see insane growth soon enough! Altcoins are flying away as soon as the 100k mark is crossed, as this is the psychological level for locking in a huge number of positions. Then the profit distribution will start and the very alt season that everyone is waiting for!
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Back above $95,878 support, $97,780 resistance in effect, previous 1D closed with bullish engulfing, time to see if current daily can follow thru. RSI and MACD on 1D looks good with potential to test $99,361, with weekend approaching current weekly also looks pretty good, Current support at $95,878, continue watching given s/r.
BTC: QUICK UPDATE!!🚀 Hey Traders! Ready for BTC’s Next Big Move? 👋
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📈 Bitcoin is gaining bullish momentum! It’s breaking out from the symmetrical triangle on the 4H timeframe. If it holds above this triangle then we will see a test to its previous ATH ($107K-$108K)!
🔥 What’s your take? Are we about to hit new highs, or will BTC face resistance? Drop your thoughts in the comments!
Let’s dominate this market together—stay tuned for updates! 🚀💰
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.
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#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
BTC/USDT weekly chart update, here are some key observations: The price is around $96,063, hovering near the resistance zone slightly below $100,000. This indicates that the market is still testing higher levels.
Potential Head & Shoulders Pattern:
This formation appears to be a head and shoulders pattern, which is often seen as a bearish reversal signal. The left shoulder, head, and right shoulder are recognizable, and a breakdown could indicate downward momentum.
The overhead resistance barrier near $100,000 has proven challenging, and failure to break this level could increase selling pressure.
If the price declines, the chart suggests looking at support around $80,000. This level appears to be crucial for maintaining upward momentum.
Green areas indicate bullish momentum in previous cycles, but if the current pattern persists, some traders may start positioning for a potential decline.
Traders should keep an eye out for a breakout above $100,000 for bullish confirmation or a decline below support levels around $80,000, which could signal entering a bearish trend. Keep an eye on volume and market sentiment as these can significantly influence price movements.
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
DOGE Long Swing Trade Opportunity Market Context:
DOGE is trading in a major support zone, signaling a potential opportunity for a swing trade if the level holds and bullish momentum returns.
Trade Details:
Entry Zone: Around $0.25
Take Profit Targets:
$0.28 - $0.31
$0.34 - $0.37
Stop Loss: Just below $0.235
This setup aims to capitalize on the support zone for a potential upside move. 📈
LITECOIN 4H (LTC)Litecoin is one of the best performing majors in recent weeks and finds itself around the mini range highs in an area of key resistance. The way I'm looking at this chart is in two separate sections of the same mini range, a lower range and upper range with an area of indecision between that separates the two.
Despite how choppy the market has been price can be clearly analyzed in this format:
Lower range - Clear level of support where buyers are stepping into the market aggressively to rebound any sell off and pushing price up further towards the 1D 200 EMA. There is one instance of price sweeping below range low and quickly reclaiming back above, that move has been a catalyst for bullish PA ever since with a strong bullish structure.
Upper range - The top of the upper range has yet to be retested as there is major resistance area position just before it, this bearish orderblock has rejected 4 times and is now being tested for a 5th at time of writing. It is important to note that the 1D 200 EMA is currently at its highest point during this rangebound environment, coupled with higher highs and higher lows on the low time frames, Litecoin is looking good currently.
However, bitcoin is still very much the dominant force in the market, and without bitcoin paving the way I can't see LTC making a breakout move just yet. In order for Litecoin to make a run for the highs I would like to see BTC @ $98,000 with a full reclaim of the weekly midpoint (See weekly outlook).
To conclude, Litcoin is in better shape than most other coins but this rangebound environment should be treated as such until proven otherwise, no action needs to be taken in the main bulk of either the upper or lower range, just the tops and bottoms are worth acting on IMO.
Bitcoin consolidation rangeUnfortunately so far it looks like BTC is forming a bullish consolidation range (bull flag/pennant) on month timeframe. I don't like that scenario as it leads to very choppy and bloody spring and summer, all the way till quarter 4 when BTC finally breakout.
But I still have full confidence in my cycles chart. Forth quarter will be epically bullish .
BTC : This May Be Your Last Chance Before Exploding to Upside !!The price continues to move well within the wedge, and if this wedge is broken, you will no longer see Bitcoin below 100k dollars.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!