Bitcoin’s Next Movement=>Symmetrical Triangle!!!On January 24, 2025 , the latest U.S. Flash Manufacturing and Services PMI data was released, revealing mixed signals about the economy . These indicators often influence market sentiment and could drive volatility in Bitcoin and others.
Manufacturing PMI : Rose to 50.1 in January from 49.4 in December, signaling a slight improvement in manufacturing conditions.
Services PMI : Declined to 52.8 from 56.8 , marking the slowest growth in nine months .
Potential Impact on Bitcoin( BINANCE:BTCUSDT ) :
The slowdown in the services sector may lead to increased market uncertainty, potentially driving investors toward alternative assets like Bitcoin. However, the modest uptick in manufacturing could offset some of this uncertainty.
Overall, Bitcoin might experience heightened volatility as markets react to these mixed economic signals.
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Regarding the news of the last 24 hours that came in the crypto , the news has been positive as in the past days and weeks:
President Trump signs an executive order for a national Bitcoin strategic reserve.
SEC Eases Rules for Banks to Safely Hold Bitcoin and Crypto.
In general, from Donald Trump's inauguration until Trump's speech , the crypto market has been very excited , and we even saw a bull trap in the Bitcoin chart.
Generally, the news can affect the trend , but we must also pay attention to the technical zones on the chart .
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Now, let's take a look at the Bitcoin chart on the 1-hour time frame .
Bitcoin is moving in the Resistance zone($107,300-$105,400) near the upper lines of the Symmetrical Triangle .
Educational Tip : A symmetrical triangle is a continuation pattern where the price forms converging trendlines of lower highs and higher lows, indicating market indecision. A breakout usually follows, signaling the trend's direction.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
I expect Bitcoin to once again decline to at least the lower lines of the symmetrical triangle . In general, if any of the lines of the symmetrical triangle are broken, Bitcoin can continue in the same direction .
Note: In general, the Volume Trading on Saturday and Sunday is low, and if Bitcoin fails to break the upper lines of the symmetric triangle in the next few hours, we can expect Bitcoin to correct to the first target that I specified in the chart.
Note: If Bitcoin goes above $108,520, we can expect Bitcoin to increase at least to Cumulative Long liquidation Leverage($111,053-$109,594).
Can Bitcoin make a new All-Time High(ATH)!? Please share your ideas in the comments.
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).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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BTCUSDT
Trump's coin impact!The recent surge of Trump Coin highlights how sudden market movements can disrupt price patterns and influence trading behavior across the broader cryptocurrency market. The rapid rise of Trump Coin, which soared by over 600%, sparked a wave of euphoria and speculation, drawing attention away from other cryptocurrencies and creating a ripple effect that reshaped
market dynamics.
The Trump Coin Phenomenon
Trump Coin's explosive price increase captivated both traders and investors, significantly shifting market focus. This wasn’t just a temporary spike, but an event with lasting consequences that drained liquidity and trading volume from other coins, concentrating interest on Trump Coin.
Impact on Other Cryptocurrencies
As Trump Coin gained traction, the wider market began to stagnate, with overall market indicators like TOTAL (representing total market capitalization) and TOTAL2 (excluding Bitcoin) showing little movement. This period of stagnation reflected a lack of fresh capital flowing into other cryptocurrencies, as most traders redirected their focus to the Trump Coin rally.
The following consequences were observed:
[/b ]Liquidity Drain: As attention turned to Trump Coin, many altcoins saw a significant drop in trading volume, resulting in price stagnation and periodic sell-offs.
Market Dump: Investors exiting their positions in other cryptocurrencies to join the Trump Coin rally contributed to temporary market dumps, amplifying the broader consolidation phase.
Psychological Shift: The excitement surrounding Trump Coin led to a more cautious "wait-and-see" mentality among traders, reducing overall market volatility as fewer positions were opened.
Consolidation Phase
In the wake of Trump Coin's rapid rise, other cryptocurrencies entered a consolidation phase, a common occurrence when the market experiences a lull or imbalance. This phase reflects a market seeking stability before the next significant movement, with many investors holding back as they await further developments.
BITCOIN - Price can continue to move up inside wedge patternHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A few moments ago, the price declined to support level, after which at once bounced up to resistance area.
Then BTC started to decline inside pennant, where it quickly declined from resistance area to support area.
After this, price bounced from the pennant's support line, broke the $94200 level, and exited from the pennant pattern.
Next, price rose to $102700 points and made a correction move to $90800 points, after which started to grow in wedge.
In wedge, BTC rose to $106500 level and even rose higher, reaching a new ATH and then fell back.
Now I expect that Bitcoin can correct to support line of wedge and then rise to $112K, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BITCOIN - preparing for something great!on 12H chart btc showing a consolidation of bullish pennant pattern.. Breaking it will provide a massive push to break the larger megaphone pattern.
The chart also shows a hidden bullish divergence on the RSI indicator.
Bitcoin is now on its way to retest its previous high at $109K, and if it successfully breaks through, the price is expected to surpass $125K.
Best regards Ceciliones
Bitcoin will break support level and continue to declineHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few moments ago rebounded from the support line, which coincided with the support level with the buyer zone and rose to the resistance line. After this, BTC rebounded from this line and dropped back to the support line, breaking the 93400 level, and soon rebounded up, breaking this level one more time. Later BTC rose to the resistance line and then fell to 90850 points, after which made a strong impulse up, breaking the 93400 level with the resistance line too. Then price continued to move up inside Pennant, where it broke the 102700 current support level, made a retest, and then tried to grow more, but failed and made correction below the 102700 level. After this movement, BTC turned back and rose to 109600 points (new ATH) and then made a correction movement one more time. Price fell to the support line of the pennant and then in a short time rose to the resistance line and recently it fell and exited from the pennant. In my opinion, the price can fall to the current support level, break it, and then continue to decline, therefore I set my TP at 99K points. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin can correct to support level and start to growHi folks today I'm prepared for you Bitcoin analytics. In this chart, the price declined to the trend line and then rebounded and started to grow inside the pennant, where it soon reached the support level. After this movement, the price broke this level, which coincided with the support zone and made a retest, after which continued to move up to the resistance level, which coincided with the resistance zone. Then BTC made the small correction, after which in a short time, it rose to the resistance zone and then made a correction movement to the 99500 support level. Next, the price made a strong impulse up to 109560 points (NEW ATH), breaking the resistance level, but soon turned around and dropped back to the trend line. Price some time traded near the trend line and then rose to the resistance zone, after which turned around and started to decline. In a short time, BTC fell to the trend line, broke it, thereby exiting from the pennant pattern also, and then continued to fall. At the moment, the price continues to decline and I expect that BTCUSDT will decline to the support level and then start to grow to the resistance level. For this level, I set my goal at 105800 level. If you like my analytics you may support me with your like/comment ❤️
BTC: This May Be Your Last Chance Before Exploding to Upside !!The market is currently in its best condition, as indicated by the price of Bitcoin. Bitcoin has successfully maintained a price above $100K in recent days. The price could rise to $108K, break the descending wedge, and range above $100K again. Additionally, be cautious with altcoins, as alt season is approaching.
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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!!
Even if it falls, you should prepare for an uptrend
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The High Boundary Zone has been changed to the 101947.24-103706.66 range.
Therefore, anything above 103706.00 is considered a high range.
However, the basic 106133.74 point is likely to act as resistance.
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The StochRSI indicator is showing a decline to the 50 point range.
Therefore, since volatility is likely to occur, a quick response is required when trading.
Therefore, the point of observation is whether there is resistance near 106133.74.
When a new candle is created, if the StochRSI indicator falls below the 50 point, the key point is whether there is support near 101947.24-103706.66.
If there is support, I think there is a high possibility that the uptrend will continue.
If the StochRSI indicator enters the oversold zone and falls below 101947.24 and shows resistance, you should check whether it touches the BW(0) indicator or the HA-Low indicator.
The 93576.0-34742.35 zone is expected to be an important support and resistance zone.
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It seems that a lot of funds have flowed into the coin market through USDC.
Accordingly, the coin market is likely to show an upward trend soon.
As I said before, for the altcoin bull market to start, BTC dominance must fall below 55.01 and remain there or show a downward trend.
The maximum decline point of USDT dominance is expected to be around 2.84.
After that, since USDT dominance is expected to show an upward trend, the coin market is expected to show a downward wave.
If it goes up by 4.97 or more, I think you can definitely tell that a downtrend is in progress.
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Based on the above coin market cap chart, this uptrend is expected to be the last uptrend.
Therefore, even if the price falls, a trading strategy that prepares for an uptrend is needed.
The point to watch is whether this uptrend can rise to the Fibonacci ratio point of 2.24 (116940.43).
This volatility period is expected to continue until January 31.
The next volatility period is expected to be around February 9-16.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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BTCUSD TRADING POINT UPDATE > READ THE CHAPTAINBuddy'S dear friend 👋
SMC Trading Signals Update 🗺🗾 Cryptocurrency Traders SMC-Trading Point update you on BTC USD Trading Signals BTC USD still holding it down trand 107k 3 Time rejected oderbolk ) 105k) rejected again Short Trade now 3H Time Frame 🖼️ target point 99k)
Key resistance level 107k) 109k)
Kye support level 102k) 101k ) 99k)
Mr SMC Trading point
Support💫 My hard analysis Setup like and following me 🤝 that star ✨ game 🎮
Bitcoin is gearing up for a rally. 120K target Bitcoin after the false breakout of resistance, which is associated with Trump's inauguration did not fall, but only consolidates near resistance. And this, I believe, is a very good sign that the price may continue its trend after exiting the triangle.
Scenario: Since after the strong growth and after the false breakout there is no fall and consolidation is formed, we can expect the continuation of the growth because I also point out a few more things:
- strong trend on senior timeframes
- locally the price does not update the minimums
- resistance retest is formed
- consolidation on the background of the uptrend.
Correspondingly: a break of the triangle resistance may increase buying interest, which may lead to another rally to ATH and even update it to 120K.
Bitcoin Update: Bears Nightmare!Bitcoin decently moved as expected according to my last analysis and now is ranging between 90 - 107K for almost 2 months and now I expect the price to make another last correction to GETTEX:97K and grab the liquidity to make a new leg up to the new all-time high of $130K and start the main move to my ultimate target of $150K. The zone between 154 - 172K will be the final top for BTC in this cycle in my opinion and I will fully close all my positions and execute my profits whenever the price hits this zone. I hope you guys all be in profit and stay safe and always DYOR.
Be careful with bitcoin !!!Once again, The price action could drop to $96k and then return to its peak. It will take some time to recover from the damage that these sh*t meme coins have done to the crypto market.
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✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTCUSD - Will history repeats itself ?This post is just a correction from a post I made last month
I missed on identifying correctly the pattern because I thought the middle of the channel would act as a strong support
ended up being wrong on the timing of the next wave up - not a big deal tho
I also profit of this moment to update the fractal path that's BTC is doing, as you can see the asset is just copying move from last year (in violet) this is quite interesting because it did this the whole cycle, i don't remember seeing this before but maybe i'm wrong
so yeah the violet bar patterns says we go great wave up in a few days can you believe it ?
i'll start to take profit next month but not sure 100% id like to see what is going to do Pectra update on Eth's price
Here's a bigger picture i made in November still working very well :
not financial advice
Cheers
Bitcoin at a Crossroads Will $104K Support Hold the Line ?Bitcoin/USDT market, where price action is confined within a symmetrical triangle pattern. This pattern reflects a period of consolidation and market indecision, as buyers and sellers are evenly matched, leading to a narrowing price range. The eventual breakout from such a formation is often significant, as it indicates the market's chosen direction.
A notable observation on the chart is the fakeout above the upper trendline. The price briefly moved past this resistance but failed to hold, retreating back into the triangle. This suggests weak bullish momentum or strong resistance, possibly trapping early buyers and increasing volatility as these positions are unwound.
Bitcoin's movement has also impacted altcoins. The retreat within the triangle appears to have triggered another round of declines in altcoin prices. Given Bitcoin's dominance in the crypto market, its stability and direction often dictate broader market trends. A decisive move by Bitcoin is critical for a potential recovery in altcoins.
The $104,000 level serves as a crucial support area in the current scenario. A breakdown below this support could lead to intensified selling pressure, with the next potential targets around $102,000 and $100,000. On the other hand, if this level holds, it could act as a foundation for another attempt to break above the triangle's resistance. This would restore market confidence and likely initiate a rally.
There are two potential outcomes. A bullish breakout above the triangle, supported by strong volume, could spark upward momentum and drive altcoin prices higher. The measured move target for such a breakout would typically equal the height of the triangle projected upward. Alternatively, if Bitcoin fails to hold $104,000, the bearish scenario would see a breakdown below the lower trendline, resulting in a deeper correction.
Volume analysis is essential in this context. A genuine breakout is often accompanied by significant trading volume, while low-volume moves are more likely to reverse or fail. Traders should remain cautious, especially as the price approaches the apex of the triangle, where volatility tends to spike.
Bitcoin's price action is also influenced by external factors such as market sentiment, news events, and broader macroeconomic conditions. Considering these elements alongside the chart structure is essential for a comprehensive analysis. Traders should wait for a confirmed breakout above or below the triangle before taking directional positions, with stop-losses in place to manage risk effectively.
BITCOIN What will happen in the short term ?According to my calculations, the price will reach $112K in the short term.If triangle not broke from down!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTCUSDT Trade LogBTCUSDT – 4H Kijun Retest
Price Action & Analysis: BTC is currently hovering around the 4H Kijun level, which has acted as reliable support. We expect a continuation of the bullish momentum going into the weekend, anticipating a clean drive up as buyers step in.
Trade Idea (Long):
– Entry: Buy now at market.
– Risk: 1% of account.
– Reward: Target a 1:3 RRR (place stop-loss just below the 4H Kijun or last swing low).
– Watch out for any macro news that may trigger unexpected volatility. If price fails to hold above the Kijun, manage or exit the trade.
BTCUSDT ( BITCOIN ) TODAY'S MAPPING IN 4H TF MUST CHECK IT OUT Hello Guy's Welcome To Another Day Of TRADING
Here we are mapping chart of BTCUSDT ( BITCOIN ) in 4-Hour TF
Our chart shows Bitcoin's price moving within a triangle shape. The price is going up and down, getting squeezed into a smaller range.
What this means: The price is preparing for a big move, either up or down.
If it breaks up: The price might increase a lot.
SUPPORT LEVEL 103,500
2ND SUPPORT. 102,000
TARGET IS 106,500 - 108,000
If the price breaks above resistance, it’s a bullish signal. If it breaks below support, it’s bearish.
If it breaks down: The price might drop, possibly toward the orange zone (2nd support area).
AXS Price Analysis: The Road to $10, $13, and Beyond 50$The cryptocurrency market is heating up, and Axie Infinity (AXS) is positioning itself as a potential breakout star. Currently trading around $5.70, AXS is showing signs of accumulation, setting the stage for a significant move.
🔎 Market Structure & Key Levels
📊 Support Zone: Strong support is forming around $5.00-$5.50, indicating that buyers are stepping in.
📊 Breakout Zone: A breakout above $7.00 could trigger bullish momentum.
📊 Short-Term Targets: $10 and $13, based on previous resistance and Fibonacci levels.
📊 Long-Term Potential: If momentum builds, AXS could revisit $50-$100, aligning with historical uptrends.
🔥 Why AXS Could Rally in This Bull Market
🚀 Bullish Market Cycle: With Bitcoin leading the way, altcoins like AXS often follow with explosive gains.
🚀 Token Unlock Events: While unlocks can create short-term supply pressure, they also increase liquidity and market participation.
🚀 Smart Money Moves: Institutional investors and whales may accumulate at these levels before the next rally.
🌍 Macro Factors Boosting Crypto
💡 Pro-Crypto Sentiment: The new U.S. administration is leaning towards clearer crypto regulations, which could fuel mainstream adoption.
💡 Institutional Interest: BlackRock’s CEO Larry Fink believes Bitcoin could reach $700,000, suggesting crypto still has massive upside potential.
💡 Growing Adoption: As Web3 gaming gains traction, AXS stands to benefit from increased utility and user engagement.
📌 Investor Takeaway
AXS is currently at a discounted price, making this a strategic entry point for investors eyeing the next bull run. A break above $7.00 could confirm a strong uptrend, paving the way for double-digit gains in the short term and exponential growth in the long run.
🔔 Stay ahead of the market – monitor AXS closely and position accordingly!