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BTC/USDT Analysis: Bitcoin Riding the Waves of Optimism As we dive into this BTC/USDT chart, it’s clear that Bitcoin is not just a cryptocurrency—it’s an art form. The chart showcases a detailed Elliott Wave analysis, complete with corrective W-X-Y patterns and impulsive waves screaming, “I’m going places!” Let’s break it down step by step. The Elliott Wave Breakdown Bitcoin has been playing out its Elliott Wave structure with the precision of a virtuoso pianist. Here’s what we’re looking at: 1. Wave (1) to Wave (5): A Symphony of Higher Highs. 2. Wave (1) was the opening act, starting the bullish rally. 3. Wave (2) provided a dramatic correction, retracing as deep as a poet’s feelings on a rainy day. 4. Wave (3) emerged as the headliner, the longest and strongest wave, with Bitcoin shouting, “Catch me if you can!” 5. Wave (4), our consolidation buddy, is taking a breather, making sure BTC doesn’t exhaust itself before the final sprint. 6. Wave (5) looks ready to take the stage and hit the projected target of $128,647.56. The bulls seem to be prepping their rockets for this one. 2. The W-X-Y Correction Before the current rally, BTC went through a complex W-X-Y correction. Think of it as Bitcoin saying, “Let me stretch a bit before the next marathon.” This correction has set the stage for the bullish impulses we’re seeing now. Indicators: The Whispering Bulls 1. Williams %R and Stoch RSI: Hidden Bullish Divergences Both indicators are practically screaming “hidden bullish divergences” like fans at a rock concert. These signals suggest that the bulls are working behind the scenes, setting the stage for the next big move. 2. RSI: Staying Strong The RSI remains comfortably above 50, signaling that the bullish momentum is intact. It’s like Bitcoin is cruising down the highway, windows down, music blasting, and no signs of slowing. The Price Target: To $128,000 and Beyond! Bitcoin has been known to defy expectations. While $128K might feel like aiming for the moon, let’s not forget—this is Bitcoin, and the moon is just the first stop. Key Levels to Watch 1. Support Zones The $80,000 level is a key psychological support. If Bitcoin revisits this area, it could serve as a launchpad for the next leg up. 2. Resistance Levels The $100,000 mark will likely be a battle zone. Expect bears to put up a fight here, but with the momentum we’re seeing, the bulls might just plow through. In Conclusion: Strap In, Bulls Bitcoin is looking bullish on all fronts. The Elliott Wave structure, hidden bullish divergences, and strong RSI readings all point to higher prices in the near future. However, as always, remember that markets love surprises, and it’s always good to keep your risk in check. For now, though, it looks like Bitcoin is preparing for a grand finale. Let’s hope the bulls keep the momentum going because $128,647 is calling, and Bitcoin seems eager to answer. 🚀 Disclaimer: NOT FINANCIAL ADVISE!
Long
by Pakcryptonomics
Bitcoin Trade Setup – Jan 21📊 BITMEX:XBT Bitcoin Trade Setup – Jan 21 Hey Traders! Here’s our setup for BTC-USD (Bitcoin)! ₿ 📌 Plan of Action: We’re holding off for now—waiting for this last 10days of January for clear market sentiment and crypto pro report from the US. No pending orders, just market orders when conditions are right. 📈 Buy Entry Condition: A clear breakout above $110,000 with a confirmed candle close will signal a buy opportunity. 💡 Key Points: The setup hints at a short-term breakout with a retest, leading to a textbook ABC Elliot wave trend continuation. The 38.2% Fibonacci Trend SR still serve as a strong resistance, and when broken becomes a strong support aligning with a bullish fundamental outlook. Avoid sell traps—stick to the trend! ⚙️ Next Step: Set up your chart, place alerts, and wait for confirmation. Share your thoughts or questions in ⁠💬 Comment below Cheers, and happy trading! 🫡
COINBASE:BTCUSDLong
by niclaxfx
Buy When Others Sell, Sell When Others Buy – Time to Reflect.The current market sentiment is overwhelmingly bullish. The anticipation surrounding Trump’s inauguration and the potential for pro-crypto regulations has created massive optimism for continued upside. But isn’t this the perfect time to ask – is now a good moment to lock in some profits? On the chart, I’m showcasing two of my custom indicators: PrimeMomentum Long Term Signal BTC and Weekly Peak Finder. Both indicators are based on long-term analysis and have historically been extremely reliable at identifying key market turning points. Current Situation 🔸 Both indicators have flashed simultaneously. Historically, such occurrences are rare and have consistently signaled significant downward movements. 🔸 Historical correction analysis: For Weekly Peak Finder, after a bearish signal: - The first correction resulted in a 25% drop. - The second correction saw a 65% drop. - Now, with both indicators flashing together, the market has only dropped by around 5%. This is the smallest correction in history following such combined signals. Is this really it, or is the market preparing for a larger move downward? Can we assume this time is different and the correction is over? Or is the current euphoria and optimism masking a potential larger drop? My Decision Considering the historical reliability of these indicators and the fact that both are flashing simultaneously, I’ve decided to lock in 50% of my BTC position. This approach allows me to secure profits while still leaving room for potential further upside. Is the market gearing up for a historic rally, or is this the perfect setup for a deeper correction? I’d love to hear your thoughts – what’s your take on this setup?
Short
by SetKryptoBalans
4
BITCOIN DALLY UPDATE !!This BTC/USDT chart highlights a breakout above a descending trendline. Price is currently testing a significant resistance zone near $102,701.79. The chart suggests a bullish scenario, with a potential rise toward higher levels around $115,000 or beyond if momentum sustains. Breakout Confirmation: The price has breached the trendline, signaling potential upward continuation. Support Zone: During the recent consolidation phase, a green area between $90,000 and $95,000 was respected. Upside Projection: An orange path indicates a bullish continuation toward $115,000 or higher. Feel free to ask for more technical insights or adjustments to the analysis! 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
Long
by CryptoSanders9563
BTC/USDT – chart analysis. BTC is testing a crucial descending trendline that has acted as resistance over the past several weeks. The 21 EMA (black) is above the 50 EMA (red), indicating short-term bullish momentum. Price action near the moving averages suggests a potential breakout or rejection scenario. $100,000 – $102,000: Immediate resistance zone aligned with the descending trendline. A breakout above this zone could trigger a rally towards $110,000 – $114,000. $97,000 – $95,000: Strong demand zone. BTC needs to hold above this zone to maintain the bullish momentum. Below $94,000, BTC could revisit the crucial support zone of $92,000 – $90,000 (highlighted in green). A confirmed breakout above $100,000 with strong volume could take BTC towards $110,000 – $114,000, invalidating the downtrend. If BTC gets rejected at the descending trendline, it could retest the $95,000 level. A break below this level could push BTC towards $92,000. Volume Profile: Increased volume near the resistance trendline is crucial for a breakout. RSI (not visible on the chart): Monitor overbought or oversold conditions for additional confirmation. Breakout Entry: Enter a long position above $100,000, target $110,000 - $114,000. Stop-loss below $98,000. Rejection Short: If BTC rejects $100,000, enter a short position, target near $95,000 - $92,000. Let me know if you’d like further assistance or adjustments! DYOR. NFA
Long
by CryptoSanders9563
Bitcoin's Midweek Liquidity Play Detailed Analysis Bitcoin's Price Analysis Based on Current Market Conditions 1. Bullish Price Action from CPI Triggers Recent Consumer Price Index (CPI) data has provided a significant bullish trigger, aligning with the market's expectation of reduced inflationary pressures. This macroeconomic indicator is a key driver, as it reassures investors about the Federal Reserve's potential to maintain or reduce interest rate hikes. Bitcoin's price has reacted positively, with a clear bullish breakout, showing strength in its upward trajectory. The CPI induced move is critical as it reflects institutional confidence and a shift in liquidity toward risk-on assets like Bitcoin. 2. Midweek Reversal Dynamics Retailer FOMO at Play Historically, Wednesday and Thursday are pivotal days for Bitcoin's price action, often characterized by reversals. This behavior is driven by a mix of institutional repositioning and retail traders' emotional responses. Currently, retail traders appear to be in a state of FOMO (Fear of Missing Out), entering positions aggressively as Bitcoin pumps. This scenario creates a ripe environment for market makers to exploit, as over leveraged long positions begin to dominate. A liquidity sweep targeting stop loss clusters below current support levels is highly probable. 3. Stop-Loss Sweep and Liquidity Dynamics The chart indicates that a significant number of stop-loss orders are concentrated around the $98,600 level, just below recent support. This aligns with a 4-hour imbalance zone, which remains untested. Market makers are likely to drive the price down to this level to fill pending orders and collect liquidity. Such a move would shake out weak hands before the price regains upward momentum. Following the liquidity sweep, a strong pump is expected toward the $102,400 zone, a key area of interest where previous imbalances and institutional orders are likely stacked. This zone serves as a springboard for the next leg of the rally. 4. Projection to Key Levels: $108,362 and Beyond Once liquidity at $98,600 is absorbed and the $102,400 zone is reclaimed, Bitcoin is poised to target the next major resistance at $108,362. This level aligns with a confluence of technical factors, including previous highs and Fibonacci extensions. Breaking this resistance would open the path to the $110,000 psychological level, further validating the bullish macro trend. Bitcoin's price action is entering a critical phase influenced by macroeconomic triggers, market structure, and liquidity dynamics. Traders should remain cautious of midweek reversals and liquidity sweeps, while positioning for potential upside targeting $108,362 and beyond. Proper risk management is essential, given the market's high volatility and the potential for unexpected deviations.
BINANCE:BTCUSD.PLong
by wolfchemist
BTC on the Edge Falling Wedge Breakout & CPI Impact Awaited !The chart shows Bitcoin (BTC/USDT) on the 4-hour timeframe, moving within a falling wedge pattern The falling wedge pattern is a bullish continuation/reversal formation, where the price compresses within converging trendlines. BTC has been respecting the pattern's boundaries, suggesting a potential breakout. The immediate resistance zone at $97,200 has been tested multiple times, but the price has faced consistent rejections, indicating strong selling pressure in this area. For a bullish breakout, we need a 4-hour candle close above $97,200. If this happens, it could trigger a strong upward momentum, with a target potentially extending towards the $104,000 region, aligning with previous highs. The presence of CPI (Consumer Price Index) data release today adds an external factor of volatility. Economic data like CPI can significantly impact the market sentiment, especially in crypto, as it reflects inflation levels and can influence risk-on or risk-off market behavior. Traders should exercise caution and consider these key factors Monitor the wedge breakout closely. Await a confirmed 4-hour candle close above $97,200 before entering a long position. Use proper risk management, as the market is expected to be volatile due to the CPI data. BTC is on the verge of a potential breakout. However, external factors like CPI data can amplify volatility. Wait for confirmation and trade cautiously.
BINANCE:BTCUSD.P
by wolfchemist
BTC/USDT 4-hour chart !!The BTC/USDT 4-hour chart highlights key technical levels and potential market movements: Bitcoin has rebounded strongly from the green horizontal demand zone near $92,000-$94,000, indicating that buyers are coming to defend this crucial level. A descending trendline continues to act as resistance around the $98,000-$100,000 range. A breakout above this line will signal a shift in momentum towards the bulls. The recent surge indicates renewed buying interest, and if Bitcoin maintains this upward momentum, it could challenge the descending trendline in the near term. A breakout above this resistance could open the door for further gains, potentially targeting the $102,000-$105,000 range. Moving Averages: The 21-period moving average is currently at $94,105 and could act as a dynamic support level if the price pulls back. A clean break above the descending trendline could start a strong upward rally, with higher price targets in sight. If Bitcoin fails to move above the trendline and reverses, retesting the green demand zone becomes possible. A breakdown below this zone could trigger further upward pressure. Traders should keep an eye out for a decisive breakout or rejection at the trendline to confirm the market’s next direction. Let me know if you’d like further assistance or adjustments! DYOR. NFA
Long
by CryptoSanders9563
Resistance Broken? BTC Aims for $96K!Falling Trendline Breakout Bitcoin has broken above a descending trendline resistance, indicating a potential shift in momentum from bearish to bullish. Entry Zone The recommended buy zone is $91,500 to $90,500. Price is currently within this range, making it an ideal area for a long entry. Stop Loss A tight stop-loss at $89,500 helps minimize downside risk if the breakout fails. Targets Target 1: $92,000 Target 2: $93,000 Target 3: $94,000 Target 4: $95,000 Target 5: $96,000 Risk Management Stop-loss placement is critical to avoid potential losses, with a strong downside risk below $89,500. Recommendation Watch for a sustained close above the breakout level and monitor volume confirmation for continued upside momentum. This trade aligns well with a bullish reversal structure and offers multiple profit-taking levels.
BINANCE:BTCUSD.PLong
by wolfchemist
1
Bitcoin's Double Bottom Reversal1.Double Bottom Formation Bitcoin has formed a double bottom pattern, signaling a potential bullish reversal. The second bottom was created around $89,200, which acts as a strong support level. 2.Neckline Resistance at $91,200 The neckline of the double bottom pattern is at $91,200. A daily close above $91,200 is crucial to confirm the breakout and initiate an upward move. 3.Bullish Scenario If the price successfully breaks and closes above the neckline, a long position can be considered. The breakout could lead to a potential price target of higher resistance zones, depending on momentum. 4.Risk Management: If the price fails to sustain above $91,200, a retest of lower support ($89,200) could occur. 5. Key Levels to Watch Support: $89,200 Resistance : $91,200 (neckline) Bitcoin is showing signs of a bullish reversal from the double bottom pattern. Keep a close eye on the neckline breakout for confirmation before entering long positions.
BINANCE:BTCUSD.PLong
by wolfchemist
BTC/USDT CHART UPDATE !!#BTC breaks above the descending trendline and reclaims the 50-day MA, it could signal renewed bullish momentum. The breakout will likely initially target $97,500-$100,000, and further upside towards $107,500 is possible. Failure to hold the support zone ($92,500) could lead to a deeper correction. The next major support is near $87,500, with extended downside risk towards the beige zone (around $80,000-$75,000). A continued sideways movement is possible if BTC remains range-bound between $92,500 (support) and $97,500 (resistance). Let me know if you’d like further assistance or adjustments! DYOR. NFA
Long
by CryptoSanders9563
Bitcoin’s Next Move Major Breakout or Breakdown ?Chart Pattern The chart displays range-bound trading between key levels of $91,535.66 (support) and $95,752.48 (resistance). A recent pullback from the upper resistance indicates potential consolidation before the next significant price movement. Key Insights 1.Current Price Action Bitcoin is trading near $94,181.41, below the immediate resistance zone of $95,752.48. The price has been rejected multiple times at the upper resistance, signaling a strong supply zone. 2. Potential Breakdown Scenario If BTC breaks the $91,535.66 support, the next potential downside target could be $90,000 or lower. Volume confirmation and momentum indicators would be crucial for validating a downward continuation. 3.Bullish Reversal Possibility If BTC holds above $91,500, it may bounce back to test $95,750 again. A breakout above $95,750 could target higher levels, with $100,000 being the psychological resistance. Trading Plan Bearish Setup Short below $91,500 with a target of $89,500–$90,000. Bullish Setup Long above $95,750, targeting $98,000–$100,000. Market Sentiment Neutral to Bearish, Caution is advised until clear breakout/breakdown confirmation is observed. The market remains unstable, with both upside and downside risks. Stay alert for macroeconomic news and BTC dominance trends.
BINANCE:BTCUSD.P
by wolfchemist
Sometimes the simplest trade is the best trade | BTC $97K NEXT CRYPTOCAP:BTC has formed an inverse head and shoulders pattern on the hourly chart, indicating weakening selling momentum. We've also seen a local higher high, suggesting the dip may be over. Despite bearish news such as unconfirmed rumors about government sales and concerns over jobs and interest rates, the price is still recovering. This suggests that higher highs are likely ahead. However, be cautious of weekend trading with lower volume, though I don't believe it will significantly impact the overall trend.
COINBASE:BTCUSDLong
by altsandislands
Critical Trendline Test Will BTC Bounce or Break ? 1. Trendline Support: The price is approaching a key ascending trendline, which has acted as support previously. A bounce from this area could signal a continuation of the uptrend. 2. Price Action: The recent sharp drop in price suggests selling pressure, likely testing the strength of the trendline and the marked support zone (around $91,500–$89,700). If this zone holds, it could provide a buying opportunity. 3. Risk/Reward Setup: The shaded areas highlight a possible trade setup: Stop-Loss: Below the support level (around $89,700) to manage downside risk. Target: Around $102,258, suggesting a potential bullish recovery toward resistance levels. 4. Scenario Analysis Bullish: If the price bounces off the trendline, it could aim for a higher level, confirming the continuation of the broader uptrend. Bearish: A breakdown below the trendline and support zone could invalidate the bullish setup, opening the way for further downside toward $86,000 or lower. To confirm the direction, monitor additional indicators such as RSI for oversold conditions, volume for buying strength, or moving averages for trend confirmation. Let me know if you'd like further clarification or analysis!
BINANCE:BTCUSD.PLong
by wolfchemist
3
BTC/USDT Breakout Strategy & Long SetupThe chart presents a clear structure for BTC/USDT on the 4-hour timeframe. After a significant retracement from the recent highs, BTC has formed a descending channel, which it has now broken out of, signaling potential bullish momentum. Chart Observations Descending Channel Breakout BTC was trading in a well-defined descending channel, consolidating near a critical demand zone. The breakout above this channel suggests a potential reversal in trend. Key Support Zone The price has respected the support range between $94,800 and $95,400, which aligns with a high-volume area and serves as a strong buy zone. Buyers have consistently stepped in here to defend this level. Demand Zone Test A retest of this support zone has provided a new opportunity to accumulate long positions. The candlestick wicks and volume activity indicate significant buying pressure in this area. Ascending Channel Formation Post-breakout, BTC is trading within an ascending channel, which offers potential upside targets as the price moves towards the upper resistance trendline. Short-Term Pullback Completed The previous bearish movement was capped at the support zone, with the "short position" trade closed as the price reversed into bullish territory. This reversal strengthens the case for a long position targeting higher levels. Volume and Momentum Increasing volume near the breakout and demand zone suggests that buyers are regaining control. Momentum indicators (not shown here) likely confirm this bullish bias. Key Insights for the Trade Idea Buy Zone The optimal entry for this trade is between $94,800 and $95,400, coinciding with the retest of the support zone and the lower trendline of the ascending channel. Stop Loss: A tight stop loss at $92,574 protects against downside risk while allowing room for natural price fluctuation. Targets: Gradual profit-taking is recommended at the following resistance levels, derived from Fibonacci extensions and key price levels. Targets 🎯: $96,333 – Immediate resistance and the first key level of profit-taking. $97,285 – Mid-range resistance within the ascending channel. $98,230 – Upper mid-point of the bullish channel. $99,212 – Close to psychological resistance and ascending channel boundary. $100,211 – Psychological round number and major resistance zone. Stop Loss $92,574: Positioned below the critical support zone to avoid invalidating the bullish setup. This setup presents a high-risk-to-reward opportunity with clear entry, exit, and risk management strategies. Adjust position size according to your trading plan and always adhere to risk management principles.
Long
by wolfchemist
1
BTC trading planBull Flag: On the daily timeframe, I’m observing a bull flag formation. Since late December, the price has been moving within a descending channel, acting as a corrective wave after a strong rally. If there is a confirmed breakout above the upper boundary of this channel with sufficient volume, it could signal a continuation of the long-term uptrend. MACD (12,26,9): The MACD indicator suggests a potential bullish divergence. The histogram is slowly turning positive, and the signal line appears ready to cross above the zero level. This would confirm increasing momentum and support a possible price breakout. Key S/R Level: The 77,000–80,000 USDT zone looks like a crucial support area, where the price has bounced several times in the past. If BTC does retrace, this zone could act as a strong support. Final Target at 135,000 USDT: In the event of a successful breakout and continued rally, the price may reach the final target of 135,000 USDT. This target is derived from a combination of price action, trend channel analysis, and Fibonacci levels. Risks: As always, remember to protect your capital with proper risk management. Technical analysis is never a guarantee of profit—markets can always move the opposite way. If you like (or disagree with) this idea, please share your thoughts in the comments!
Long
by Bitcoinblockchainonline
BTC Expectations after the Dump -> Upside ahead!In this video, I’m analyzing Bitcoin’s recent price action and highlighting a key Fibonacci retracement level. Here’s the main idea: Repeated 0.618 Fib Retracement: BTC has repeatedly pulled back into the 0.618 Fibonacci level, suggesting a strong support zone and healthy correction. Anticipated Expansion Move: Given these consistent bounces off the golden pocket, I’m expecting a bullish expansion move. This could take BTC to higher resistance levels in the short to mid term, if price action continues to hold above this critical zone. Let’s see if the market follows through on this anticipated upward swing!
Long
by SerenityEquity
Bitcoin's Bullish Breakout: Key Targets at $100,887 and $103khello guys! Hunt Zones: Two liquidity "hunt" zones are marked: Hunt 1: A resistance level where sellers initially dominated. Hunt 2: A support area where buyers stepped in to push the price higher. Bullish Structure: The price has created a higher low and is showing signs of bullish momentum. The engulfing pattern indicates a strong buyer presence. Key Levels: $100,887: First significant resistance level, which could act as a decision point. $103,010: Final target zone for the current bullish trend. Expected Movement: A breakout above the $100,887 resistance may lead to further upside toward $103,010. Consolidation or pullback may occur at intermediate levels before continuing higher. ---------------------------------- Summary: The outlook is bullish as long as the price remains above support levels near $97,000. Watch for price action around $100,887 for confirmation of further upward momentum.
Long
by melikatrader94
17
Bitcoin (BTC): Rise up to $135,000 or drop to $80,000-$90,000The current market situation is uncertain. The market often moves contrary to public sentiment. Currently, most expect a correction. ETF inflow/outflow data indicates significant outflows from December 19, 2024, to January 2, 2025, which is evident in the BTC chart. On January 3, 2025, there was an inflow of $905M. In a bearish scenario, panic could dominate the market, making it difficult for BTC whales to sustain distribution above $100,000. However, if a bullish scenario unfolds, the $91,000–$108,000 zone could act as a strong support level after a price increase to $135,000 or the 161.8% Fibonacci level. This bullish scenario would become even more significant if the growth aligns with major international events at the end of January, February, or March. 👀 1. Bullish Scenario: The price breaks through the current resistance levels, targeting up to $136,000 or the 161.8% Fibonacci level. 2. Bearish Scenario: A correction to the $80,000–$90,000 range or the 38.2-61.8% Fibonacci levels, with a potential test of the $88,000 support level aligned with the 800 EMA. 👇 About Me: I maintain a personal trading journal. I don't possess extrasensory abilities or insider information. Disclaimer: Trading involves risk—always do your own research and seek professional advice. We are not responsible for any financial losses. #DYOR Share your thoughts in the comments below 👇
Long
by azctortheliclu