Bitcoin: Head & Shoulders Reversal Pattern In The Making Tradingview offers simply the best instruments for charting.
We have special charting tools to highlight famous Head & Shoulders reversal pattern (in yellow).
I spotted this textbook pattern today and would like to share this educational post with you.
It was shaped by three peaks with the highest (Head) in the middle.
The Right Shoulder reached its climax right at the top of the Left Shoulder.
It makes the pattern more symmetric.
There is a Neckline that intersects both valleys of the Head.
Its a reversal pattern and the trigger is located at the Neckline under the Right Shoulder
around $91.7k.
The target is measured subtracting the height of the Head from the trigger point.
It was highlighted in the chart at $75k.
The collapse could be painful.
This might prove the old traders saying "buy rumors (Tramp promises), sell facts (reality)" for Bitcoin.
BTCUSDT
BTC NEW UPDATE (4H)This analysis is an update of the analysis you see in the "Related publications" section
The price dropped from the red-marked area in the previous analysis, and this supply zone worked well.
The correction for BTC started from the point where we placed the red arrow on the chart.
We expect a downward move toward the green-marked area.
If the price reaches the supply zone, we can look for sell/short positions as scalp trades.
Closing a daily candle above the invalidation level will invalidate our bearish outlook.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
"BTCUSDT Alert: Short Signal Activated at the Hunt Level!"BINANCE:BTCUSDT
COINBASE:BTCUSD
📈Which side you pick?
Bulls or Bears ----> Quick help: look at Negan's bat!
SL1 ---> Low-risk status: 1x-2x Leverage
SL2 ---> Mid-risk status: 3x-4x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
As you can see, Bitcoin (BTC) is currently forming a repetitive pattern. 📈 When the price pulls back to the identified resistance level, we can expect another bearish move, which could potentially drive the price down toward the 92K level. 📉
If the price drops below 92K, we may see a more significant decline into the 88K-84K range, possibly accompanied by a long shadow in a recent candle pattern. 🔍
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
96,779
95,247
93,254
🔴SL:
101,826
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Bitcoin’s Path to $100,000: Analyzing Recent Trends and Trading📈BITCOIN JUST HIT $102,000. Yes, you heard it right. After a price correction and the formation of a four-hour range box, it seems that Bitcoin has successfully broken the upper channel. I am Skeptic , and this is my first analytical post on TradingView.
📊Analysis
Long-Term Trend: After breaking the resistance area at $72,000, Bitcoin resumed its primary upward trend, achieving significant price growth up to $106,000. The primary trend remains bullish.
Market Influences: Factors such as decreasing U.S. interest rates, Trump’s presidential candidacy, and the increasing public interest in decentralized financial systems signal potential higher targets for Bitcoin.
Secondary Correction: The recent correction coincided with Christmas and the holiday season, which may have contributed to the market’s pullback.
Trading Strategy: As the saying goes, “ always trade with the trend .” Trading in the direction of the trend generally leads to higher win rates and better risk/reward ratios.
📍Four-Hour Time Frame:
Bitcoin has recently corrected to the $92,000 level and has broken above the range ceiling at $92,738. The RSI entering the overbought level of 70 confirms the momentum and breakout.
Moving Averages: The three SMA of the previous seven candles is below the four-hour breakout candle, indicating a bullish slope.
🔎Triggers for Long Position
First Trigger: Wait for a pullback to the $99,600 level for a reactive buy or wait for renewed momentum and a breakout above $102,593.
Range Box Strategy: Look for a range box formation and place a stop buy above it. There are numerous strategies available; find one that suits you best. It’s essential to open enough positions to discover what works for you.
Short Position Consideration: If the four-hour candle fails and reverts back to the range box, consider a short position. However, since this goes against the trend, it’s advisable to reduce risk with smaller stops and lower risk/reward ratios.
🧵Additional Notes
Bitcoin Dominance: Keep an eye on BTC.D (Bitcoin Dominance). Currently, Bitcoin seems favorable for opening positions, but if signs of weakness or a downward trend emerge, consider focusing on altcoins. Personally, I am watching BNB and XRP.
Pair Analysis: Monitoring Bitcoin pairs like BNBBTC can provide insights into which coins may outperform or underperform relative to Bitcoin.
Thank you for staying with me until the end of this analysis. I look forward to sharing fresh insights and a new coin with you tomorrow. I believe that growth together can be beneficial for both you and me. Until tomorrow, goodbye!❤️
BTC/USDT Pullback to Key SupportThe chart highlights Bitcoin's breakout from a symmetrical triangle formation, followed by a pullback to a critical support level. This price action indicates a period of consolidation before the next significant move.
Key Observations
1. The breakout from the symmetrical triangle has propelled the price upward, signaling bullish momentum.
2. The area around $97,100 is a crucial support level where buyers may step in.
3. A breakdown below $97,100 could lead to further downside, indicating a continuation of the pullback.
4. If the price holds above this support, a strong bounce and continuation of the uptrend are expected.
Strategic Implications
Monitor the $97,100 level closely. A strong defense of this support could provide an opportunity for long positions, targeting the next resistance levels.
Conversely, a confirmed break below $97,100 would warrant caution, as it may signal further downside.
Patience and careful observation are essential to capitalize on the next move effectively.
BTC Ultra SNIPER SCALP to 100,000K!!!PLEASE CHECK RELATED PUBLICATIONS BELOW!!!
As mentioned in my earlier (linked below) BTC to 75k chart,
As it happened ditto,
one can sniper it to 100,450 to 101k from CMP with steep SL's to 97,350. remember its a sniper scalp. Stances are marked as such! Follow the new green line marked and link below marks how its been done earlier!
Bitcoin Roadmap!!!Bitcoin ( BINANCE:BTCUSDT ) is still moving in the Resistance zone($100,000-$98,000) .
Compared to the previous analysis , I still have the opinion of correction on Bitcoin .
Regarding Elliott wave theory , Bitcoin seems to have completed the main wave Y with the Ending Expanding Diagonal .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
Also, USDT.D% ( CRYPTOCAP:USDT.D ) is in a very sensitive zone . Given that USDT.D% is near the lower line of the descending channel , the support lines , and the support zone , I expect USDT.D% to trend higher and close to the Resistance zone in the coming hours , and the increase in USDT.D% can cause Bitcoin to decrease .👇
I expect Bitcoin to fall AFTER breaking the lower line of the Ending Expanding Diagonal. The First Target can be around $98,000 .
⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($100,000-$98,000), we can hope for a further increase in Bitcoin.⚠️
Cumulative Short Liquidation Leverage: $100,840-$100,000
Cumulative Long Liquidation Leverage: $97,870-$97,000
Cumulative Long Liquidation Leverage: $96,000-$95,000
🙏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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BTCUSD Analysis is ready to fly This is a technical analysis of the BTC/USD (Bitcoin/US Dollar) market on the 4-hour timeframe, using Heikin Ashi candles. Below is a description of the chart analysis:
1. Trend and Pattern:
A bullish ascending channel is identified with price consistently moving higher within the blue boundaries.
A cup and handle pattern (yellow) suggests potential bullish momentum after a consolidation phase.
2. Key Levels:
Resistance Zones: Highlighted in purple at 104,008, 106,918, and 110,616, indicating potential target levels for upward movement.
Support Zone: Marked with a red "Stop Loss" level below the current price at approximately 96,000, acting as a risk management level.
3. Price Action:
The price has broken out of the consolidation zone and is now testing higher resistance levels.
Potential breakout scenarios are drawn, showing a pathway for price movement toward the upper resistance levels.
4. Targets:
First Target: 104,008.
Second Target: 106,918.
Final Target: 110,616.
5. Risk Management:
A stop-loss level is set below the previous swing low, ensuring a safety net if the price reverses
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ACT/USDT Descending Channel Breakout The chart highlights a bullish Descending Channel pattern, signaling a potential upward breakout. The price is consolidating near the upper boundary of the channel, suggesting strong momentum buildup. A 4-hour candle close above the trendline would confirm the breakout, triggering a potential rally.
Key Observations
A well-defined descending channel indicates a bullish reversal setup.
The current price near $0.43 is poised for a breakout with strong momentum.
Target for the move lies at $0.60, aligning with prior resistance levels.
Strategic Implications
Wait for a confirmed 4-hour candle close above the upper trendline for long entries. A retest near the $0.40 support zone could offer a favorable risk-reward entry. Utilize proper stop-loss levels to mitigate risks and avoid false breakouts.
HBARUSDT UPDATEHBARUSDT is a cryptocurrency trading at $0.32332. Its target price is $0.46000, indicating a potential 50%+ gain. The pattern is a Bullish Pennant, signaling a brief consolidation before a breakout. This pattern suggests a continuation of the upward trend. Investors are optimistic about HBARUSDT's future performance. The Bullish Pennant is a positive signal, indicating a potential price surge. The current price may be a buying opportunity. Reaching the target price would result in significant returns. Overall, HBARUSDT's Bullish Pennant pattern makes it an attractive investment option. This pattern typically leads to a strong upward move.
How would you react if Bitcoin hit $115,000 this month?Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Bitcoin , 📚🎇
The answer to this question can largely be considered affirmative. After the typical holiday slowdown, which often results in short-term price declines, we are now observing a fresh influx of volume into the crypto market. This increased activity signals renewed investor interest and is inherently a bullish indicator, suggesting potential price rises in the near term. Such a trend could pave the way for Bitcoin to reach new all-time highs (ATH) once again. 📚✨
From a technical analysis perspective , the charts are also showing strong support levels, further reinforcing the likelihood of continued upward momentum. These support levels act as a solid foundation for future price growth, and if this trend continues, it could lead to significant gains in the coming weeks or months. 📚🎇
🧨 Our team's main opinion is: 🧨
After the usual holiday dip, we're seeing fresh volume entering the crypto market, which suggests price increases and potential new all-time highs for Bitcoin. The technical charts also show strong support, signaling further upward momentum ahead.
Give me some energy !!
✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box.
Cheers, Mad Whale. 🐋
Probable Trend of BitcoinIn the 2-hour time frame, Bitcoin could follow one of these three trends:
1. If it hits its resistance channel, the price might drop to the step-level price I’ve drawn for you.
2. It might fail to gain significant volume and start its bearish trend from here.
However, if Tether dominance loses its support, Bitcoin is likely to turn its resistance channel into support, leading to a renewed price increase.
Short-term uptrend if maintained above 97461.86
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(BTCUSDT chart)
There are three major rising channels.
Among them, two rising channels are expected to play an important role in determining the trend.
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(BTCUSDT 1D chart)
BTC is currently moving sideways after the price increase.
However, as the MS-Signal (M-Signal on the 1D chart) indicator rises above the level, the possibility of a short-term uptrend increases.
As a result, the support around 97461.86-98892.0 is the key.
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The important support and resistance range is 93576.0-94742.35.
The high point boundary range is 101947.24-106.133.74.
Therefore, the 101947.24-106.133.74 range is likely to act as resistance.
If the high point boundary range is broken upward, a new wave is expected to be created.
Then, the current movement can be interpreted as creating a pull back pattern and rising.
Therefore, when creating a pull back pattern, it is likely to appear depending on whether there is support near the M-Signal indicator on the 1M, 1W, and 1D charts.
Therefore, it is necessary to closely watch the movement near the M-Signal indicator.
-
The next volatility period is around January 10 (January 9-11).
Therefore, the point of interest is where it is located after January 10.
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The BW indicator has touched the 0 point, and the DOM indicator has risen above 0.
Accordingly, it is important to see whether it can maintain the price by rising above 98892.0.
Since the StochRSI indicator shows a change in slope in the overbought zone, it shows that it is under pressure to decline, so it is important to see whether it can maintain the price by rising above 98892.0.
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Thank you for reading to the end. I hope you have a successful transaction.
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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 in an upward trend since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, I expect that we will not see prices below 44K-48K in the future.
-
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.
-
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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