Bitcoin Range complete opposite of previous - Bullish Caution
Since January 2023, Bitcoin has risen to its current Value in 2 steps distinct and we sit on the 3rd step now.
But this Step is so VERY different and the potential Fragility exists
The chart explains this clearly.
The First step was in April 2023 and saw PA descend till June and remain in range till around October that year and saw a total retrace of around -20%. Lower Range Support was Horizontal and we were just above the 0.618 Fib extension
The 2nd began in March 2024, PA initially descended till May and then bounced back, remaining in range till October and saw a total retrace of around -25.6%. Lower Range Support was descending and the 1.618 Fib Extension was just below and was tested directly in the week of 5th August
Both began in Q2 ( approx) and ended in Q4 and both had an approx retrace of around -23%
Both were Very similar in date range, start and end. And Both were above the 618 Fib extension.
This time we have entered the "Step" in December ( Q4 ) and the under laying Support is Ascending. More than that, the line of resistance is the 2.618 Fib extension.
And this has led to a tricky situation really.
For a Start, we are in a tight pennant. The line of Resistance above is close
We do not have the time to Range and that pennant Apex is in late April. PA tends to react BEFORE we hit the APEX of triangles
The Ascending support has origins in 2017 and is the same line that PA used to Bounce higher in 2021 to reach the ATH in Nov. It is strong and we do not want to loose this.
But PA is Very OverBought and needs to cool off. When PA bounced of this line of Support in 2021, MACD was back down to Neutral. We are currently up high.
We need to repeat what we saw in previous "Steps" and let MACD cool off. It has begun on the weekly, but only Just turned Bearish
So what can we do ?
What seems to be happening is that PA is managing to remain in this triangle with an ascending support and a Very tight price range. We just saw this morning that PA has once again managed to bounce off this line after a sudden drop last night. Bulls Caught it on the line and we rise again
But what I have noticed is also how the Bitcoin Transaction count has lowered in the same period and maybe This is how we are managing to remain in this pattern ?
Less Transactions leads to less Volatility and so we keep a more stable Price range ?
Data from CRYPTOQUANT as TV does not do this metric ( wish they would )
Step 1
30 April 2023 ( Step 1 ) Transaction count was around 569K at start of that step to a Low of 445K on June 30 in Mid range
Step 2
From Feb Q1 2024, ( just beofre Step 2) we saw a continually rising transaction count that led to a peak of 671K on 22nd April. The Range has already begun by this point. 541K was the range low in August
Step 3, Current situation
As BTC PA rose Higher, we had transaction at nearly 850K but as we approached the range high we are currently in, Transaction count dropped dramatically, to 412K on Dec 16. to a Low around 398K in Mid December.
On Feb 9th ( yesterday ), we are back down to 385K
Is it this Low and currently descending Transaction count that is helping to keep PA in the Tight Range ?
Low Traffic will lead to less volatility but it maybe a fine line before Price Drops due to seemingly Lack on interest in the asset ?
Either way, We are in a Tight Triangle, currently with a Range height of around 10K
This is like a Balloon Full of Air, Getting SQUEEZED
Something has to go Pop at some point.
Technically, this has to be Lower and this could be pointing towards a TOP for now.
Maybe we are about to repeat the 2021 pattern of ATH early in the year, retrace and go for a New ATH in Q4
For me, this seems very possible - Unless PA breaks over that 2.618 Fib line.
We are under considerable and mounting pressure from the ascending Line of support
Maybe that line of support is strong enough to push us through ?
But be under NO illusion. Bitcoin Pa is under Huge strain right now but with strong corporate hands holding it steady, maybe......
Stay Tuned for The continuing Story of BITCOIN rise to greatness
Btcusdanalysis
BTC chart seems lost to proove new support above 96kWe are bouncing in between 91k and 100k since November. Chart creates new support level at 96k right in the middle of this range. Generally speaking trend is bullish and we’ve seen new ath last month. Trend is our trend and let’s hope that chart wont be exhausted enough to drop under 96>91k and bounce nicely from now at least to 100k this week. I expect 120k by 24 February. But lets see how market decides
BTCUSD - M15 Short-Term Downside - Timing Today's USD NewsAnalysis of overall situation:
We had a strong push up (to the left)
We're now in a retracement phase.
Usually there are 3 pushes down before the retracement is done. We're on that 3rd push phase.
I'm looking to Buy overall, so this is a short-term scalp in line with the retracement. (The Buy scenario is the orange SnDR zone lower)
H4 candles still showing weakness, indicating the retracement isn't done yet. Also, the spike from the previous M15 low happened at the new day, which hints it's not the real low.
Waiting for the market to first take liquidity off the high of today, ideally enter into the gap (blue zone) then create strong Bearish candles.
Entry will be on any M5/M15 retracement - after a break of structure. Also eventually breaking the current upward trendline.
Targeting the M15 low
Timing for this entry is after the USD News at NY Session.
If market hits the invalidation level marked, then this idea is discarded.
BTC SHORT TP:95,000 07-02-2025"Btc is currently looking for a short position on a two-hour timeframe, targeting a take profit in the range of 95,000 to 95,500. This anticipated movement is expected to occur within a timeframe of 5 to 15 hours; if it does not happen within this period, the analysis will be considered invalid. Please stay updated for further follow-up on this position."
BTC SHORT TP:94,500 08-02-2025BTC is currently seeking a short position on a one-hour timeframe, with a take profit set in the range of 94,000 to 94,500. This expected movement should materialize within 8 to 16 hours; if it does not occur within this timeframe, the analysis will be deemed invalid. Please remain attentive for updates to monitor this position closely.
BTC/USDT 1H: Bearish Structure – Targeting Lower Levels?BTC/USDT 1H: Analysis
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Currect Market structure:
Price: $96,034, breaking below recent range support, signaling a short-term bearish trend.
RSI: Showing potential hidden bearish divergence at 40.85.
Smart Money Concepts: Indicating a distribution phase with lower highs.
Trade Setup:
Position: Short
Entry Zone: $96,800 - $97,000 (premium zone).
Targets:
T1: $95,500
T2: $94,200
Stop Loss: Above $97,600 (recent high).
Risk Score: 7/10
Reasoning: The risk-to-reward is favorable, but the price could still show some choppy action before confirming further downside.
Market Maker Analysis:
Accumulation: Seen around the $94,000 - $93,000 zone.
Current Phase: Distribution phase suggests more downside is likely after the current consolidation.
Price Action: Expect choppy movement between $95,500 and $97,000.
Key Levels:
Resistance: $97,000, $98,500
Support: $95,500, $94,000
Fair Value Gap: $95,800 - $96,200
Recommendation:
Position: Short positions are favorable after a rejection at resistance levels.
Confirmation: Wait for rejection at the $97,000 level before entering the short.
Action: Structure suggests downside after the current consolidation phase, so prepare for more bearish momentum.
Confidence Level: 7.5/10 – D
istribution phase visible, but waiting for confirmation at resistance.
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Why Bull Market Is Not Over For Bitcoin BTC?Hello, Skyrexians!
Recently we have see the drop on BINANCE:BTCUSDT to $91k. We can't understand why it caused so much fear and negative in crypto communities. This is still next to ATH but fear and greed index dropped into the fear territory. This is great sign for bull run continuation and now we will explain you this statement with the technical analysis.
Let's take a look at the weekly time frame. Before December we had a great probability
that anticipated growth from $50k to $100k could be the final wave 5 of the bear market, but price action has broken the potential Awesome Oscillator's bearish divergence. It gives us the confidence that this move was just the wave 1 in wave 3. It means that the most impulsive growth ahead. The minimal target is 1.61 Fibonacci at $140k, maximal at $200k. We believe more in $200k, but watch out our updates because targets can be recalculated.
Best regards,
Skyrexio Team
___________________________________________________________
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The 100K Club: Market Moves Exchange Cold Wallet moveme
In the volatile world of cryptocurrency, understanding market movements can be a daunting task. However, a growing number of traders are turning to unconventional indicators to gain an edge. One such approach involves analyzing the movements of the so-called "100K Club" — large exchange cold wallet addresses that hold substantial amounts of Bitcoin. These wallets not only represent significant market players but also act as a barometer for broader market sentiment.
Unveiling the 100K Club Indicator
Our newly developed indicator focuses on tracking major exchange cold wallet movements. By plotting simple labels whenever large movements of Bitcoin are detected from cold wallet exchange storage, it reveals critical market dynamics that are often invisible to the average trader. The indicator highlights accumulation and distribution phases, market tops and bottoms, and key levels for swing trading on weekly and monthly timeframes.
Market Tops and Bottoms: A Clear Pattern
Historical data suggests that the movements of the 100K Club wallets align closely with market tops and bottoms. When these wallets begin to offload significant amounts of Bitcoin, it often precedes a market top. Conversely, heavy accumulation by these wallets frequently signals a market bottom. This correlation provides traders with a reliable tool to anticipate major price swings.
Accumulation and Distribution Levels
The indicator also sheds light on major accumulation and distribution levels. Accumulation phases are characterized by steady inflows into exchange cold wallets, indicating that large players are positioning themselves for a price increase. Distribution phases, marked by substantial outflows, suggest that these players are cashing out, anticipating a market downturn.
Swing Trading with Confidence
For swing traders, understanding these wallet movements can be transformative. The indicator’s ability to define key levels on weekly and monthly charts allows traders to identify optimal entry and exit points. By aligning their strategies with the actions of major market players, traders can enhance their decision-making process and improve their risk management.
Liquidation Candle Sweeps: A Hidden Signal
An interesting phenomenon observed with these large wallet movements is the occurrence of liquidation candle sweeps above or below the major movement key levels. These sweeps often suggest a retail stop hunt before a reversal in market direction. Recognizing these patterns can provide traders with additional confirmation of potential reversals, making the indicator even more powerful for strategic trading.
BTC Long, bear trap doneDaily level the last fews days not being able to break belove 95.500-95.000 level.
Looking at the btc liquidity heatmap, there is not really much liquidity left below, loads of liquidity left above 109.000.
Aiming for this huge RR trade, small stoploss. Would be my best trade ever if this succeeds.
Also lots of positive bitcoin news the last few days. Im bullish.
I was also waiting and waiting for 60k 80k levels, but i don't really think it will drop that far anymore, perhaps in the case of a massive world event.
what is happening to BTC right now ?! 🐺 "Hello, KIUCOIN family . I hope you're doing well. 🐺
In this analysis, I've decided to explain what's likely to happen to the BTC price in the immediate short term and the long term. Be sure to stay tuned with me until the end, as it's going to be mind-blowing." 🤯
"First of all, let's examine the monthly chart. In my opinion, this is one of the best timeframes, especially for this analysis, because it reveals extraordinary price targets. Let's dive into it :
As you can see on the monthly chart , BTC is between two uptrend curves that have acted as support and resistance since 2015 . These curves are fairly strong, justifying their classification as strong support and resistance lines on the monthly timeframe.
As you may already know, the higher the timeframe we examine, the more accurate results we can achieve. Therefore, the patterns on the monthly timeframe are much more accurate than those formed on the daily or even the weekly timeframe. In this case, we have a clear and perfect bullish flag pattern . This is a bullish pattern, and its main target, which aligns with our resistance line, is around $165,000. 🔥🐺🚀
So let's reveals more details for you dear 🐺KIUCOIN🐺 family :
In the chart above, on the weekly timeframe, we have a clear AB=CD pattern . This is a well-known pattern in harmonic trading and, in my opinion, is quite accurate. Seven out of ten times, these patterns reach their targets, making them a valuable tool for traders .
So I think there is another secret reason for us to pay attention to it :
BTC.D
As you can see in the chart above, BTC.D is currently within a symmetrical triangle, which could also be considered an ascending triangle in this case. It appears to be on the verge of breaking out. In my opinion, if BTC.D breaks through this resistance level, it could be incredibly beneficial for the BTC price , potentially leading to a significant rally up to $165,000. However, this could also be challenging for altcoins and ETH . While they might also experience pumps alongside BTC, these pumps are likely to be less substantial. After such a BTC-led rally, we could expect a massive altcoin and ETH season. So, stay tuned with me until that time, as we could potentially make life-changing money together during this market cycle.
Now finally it's time to take look at the lower time frame :
As you can see on the daily timeframe , if BTC breaks through the orange resistance line , we could consider entering a long position with a target of the previous all-time high. You could also take some profits at a predetermined level and set your stop at the entry point to protect your initial investment. The remaining position could then potentially continue to generate profits, leading to a higher target of $165,000.
I hope you enjoy this idea dear KIUCOIN family , also always remember :
🐺 Discipline is rarely enjoyable , But almost always profitable 🐺
Bitcoin at a Crossroads: How to prepare for the Next Big Move👀 👉 Bitcoin (BTC) has been consolidating within a defined range over the past few days, exhibiting sideways price action. The key question now is: where does it go from here? In this video, I delve into critical elements of technical analysis, including market structure and price action, to outline potential scenarios. I’ll map out a strategic approach for both a breakout above the range high and a breakdown below the range low. Please note, this is not financial advice.
Bitcoin Dominance Pumping , Is the Altcoin Market in Trouble ?Bitcoin dominance has broken a significant resistance level, signaling a shift in market dynamics. The previous double top formation has completely failed, and dominance is now sustaining above the prior highs. This development has bearish implications for altcoins, as Bitcoin's growing market share typically leads to capital outflows from the altcoin sector.
Key Points on the Chart
Double Top Failure & Breakout Confirmation
The market was previously forming a double top pattern, a classic reversal setup that often signals a potential decline.
However, BTC dominance not only broke the double top resistance but has held above it for multiple days, confirming bullish continuation.
A failed double top often results in a strong move upward, as short-sellers covering their positions add to the momentum.
Ascending Channel Structure
The chart shows BTC dominance moving within a rising wedge/ascending channel formation.
The breakout above the mid-channel resistance suggests an acceleration in trend strength, increasing the likelihood of BTC dominance rising further. As long as dominance stays within this structure, Bitcoin will likely outperform the altcoin market.
Key Support & Resistance Levels
56.44% level was a major resistance in the past and is now a confirmed support zone.
61.91% (current level) marks the breakout region, now acting as new support.
If dominance continues its uptrend, the next potential resistance area could be 66%–68%, marking the upper boundary of the trend.
Impact on Altcoins
Altcoin Weakness Likely to Continue
Historically, when BTC dominance increases, altcoins tend to bleed as capital rotates toward Bitcoin. Many altcoins may struggle to gain momentum unless BTC dominance reverses from this region.
Conditions for Altcoin Recovery
For altcoins to regain strength, BTC dominance must decline from this breakout zone.
A rejection from the upper trendline (~64%–66%) could create a temporary relief rally in altcoins.
Altcoin Seasonal Trends
Typically, altcoins start recovering once BTC dominance peaks and shows weakness.
Until then, Bitcoin remains the safer bet, while altcoins carry higher risk.
Trading Considerations & Strategy
For BTC holders: The breakout suggests strong dominance continuation, meaning Bitcoin may remain the best-performing asset in the short term.
For altcoin traders: Monitor Bitcoin dominance closely a drop back below 60% would be the first sign of relief for altcoins.
For market timing: If BTC dominance approaches 64%–66%, a potential rejection could provide entry points for altcoins.
Bitcoin dominance has broken a crucial structure, signaling altcoin weakness and Bitcoin strength. Until BTC dominance reverses or consolidates, altcoins may struggle to gain momentum. Watch the 64%–66% zone for signs of exhaustion if BTC dominance starts rejecting from there, it could mark the beginning of an altcoin resurgence.
The Wait Is Almost Over – Alt Season Is Near
The moment we've all been waiting for is just around the corner. Now is the time to apply cycle indicators and accumulate high-potential coins.
I was much less active in January due to the 3-day cycle failures on most altcoins. The last 60-day cycle of the weekly trend didn’t offer great buying opportunities. But now, it's time to start aiming for those 100%-200% gains with relatively lower risk. (Premium members are already scouting top coins in our chat!)
🔸 Not Everything Is Straightforward Yet
Just because some alts have dipped **60-70%** over the last two months doesn’t mean they’ll immediately pump. You still need to **buy in the “green” zone** on cycle indicators—otherwise, you risk getting rekt.
🔹 Bitcoin Outlook
BTC is slowly approaching its **60-day cycle low** toward the end of the month. The **3-day cycle topped above 80**, increasing the chances of BTC heading toward the **90s area** before finding support.
😱 More blood on the charts?
Possibly. Right now, there are two types of traders:
1️⃣ Those who believe the top is in.
2️⃣ Those who think February will be extremely bullish.
I believe once both groups are confused, the upside will resume—likely in March, after the 3-day cycle resets and Bitcoin takes another leg down to shake out traders.
📉 Watching the 2-Week & 3-Day Cycles
When the 2-week cycle trends downward, we usually don’t perform well. Sure, we could reverse before the cycle fully resets, but ideally, we want the 3-day cycle to drop to around 20 before rebounding.
If the 3-day cycle continues to fall (which is likely unless we move up soon), February could see more bearish action before a stronger recovery.
Stay sharp & follow the cycles. 🚀
BTC/USDT 1H: Accumulation in Play – Breakout Above $99K Next?BTC/USDT 1H: Analysis
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Current Market Condition:
Price at $97,395, consolidating after rejection from $99K.
Multiple CHoCH (Change of Character) formations indicate choppy price action.
RSI at 47.86, showing a neutral stance with no extreme conditions.
Smart Money Analysis:
Fair Value Gap (FVG) between $96K- GETTEX:97K acting as strong support.
Premium zone at $102K remains untested.
Multiple liquidity hunts occurring around the GETTEX:98K level, signaling engineered price action.
Trade Setup:
Entry Zone: $97,200 - $97,400.
Targets:
T1: $98,800 (+1.5%).
T2: $99,400 (+2.1%).
Stop Loss: Below $96,400 (-0.8%).
Risk Score:
7/10 – Decent risk-to-reward, but potential for manipulation at GETTEX:98K level.
Market Maker Intent:
Market Makers appear to be accumulating within this range.
Hidden bullish divergence forming on RSI, supporting a breakout thesis.
Recommendation:
Consider long entries within $97,200 - $97,400, keeping stops tight at $96,400.
Be patient—this is a high timeframe setup that requires discipline and proper risk management.
Watch for strong volume confirmation above GETTEX:98K to reinforce bullish momentum.
Confidence Level:
7/10 – Strong accumulation signals, but confirmation is required before aggressive positioning.
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Starting a Bitcoin Analysis Series – February EditionI’m kicking off a Bitcoin analysis series for February , where I’ll be sharing quick and to-the-point updates on the Bitcoin chart throughout the month. Alongside that, I’ll also post my trade ideas as they develop. The goal is to stay on top of the price action and navigate the market with clear, structured setups.
I might not be able to catch every single move, but I’ll do my best to cover the most relevant ones. Hopefully, this will lead to some solid trades and strong results. At the end of the day, it’s not that complicated—you just have to trade what you see .
Looking forward to an exciting month in the crypto market!
Sell Bitcoin and Altcoins during 2025 and don't look back!Hello Everyone,
This is my first public post since the last one, which I published on Sep 28, 2022, and you can see that here:
My cycle analysis (TA) proved spot-on the last time I accurately predicted Bitcoin’s behavior. To avoid overcomplicating things, I’ll keep this brief.
As the yearly chart indicates, we’ve seen a consistent pattern: a three-year bull market followed by a one-year bear market. History appears poised to repeat itself, and we’re now entering the final phase of the current bullish cycle. This year will likely be your last opportunity to exit the crypto market strategically, as historical fractals suggest a bearish downturn is due next year.
"Bitcoin Approaching Key Resistance – Breakout or RejectionThis BTC/USD chart shows a descending wedge pattern with a key resistance zone around 99,000. The price is currently approaching the upper trendline of the wedge, with a breakout potential if bullish momentum sustains. Multiple change-of-character (ChOCH) points indicate shifts in structure, with a bullish bias forming.
Key levels to watch:
- Resistance at 99,000 (breakout confirmation needed)
- Support around 97,270 and 95,873
- Potential breakout target above 100,000 if price clears resistance
A breakout above 99,000 with strong volume could signal further upside, while rejection at this level might lead to a retest of lower support zones.