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BTC 4H – Final Shakeout Before Markup?Bitcoin continues to coil below ATH resistance, now forming a second symmetrical pennant after the first flagpole breakout. Price is wedged between the ascending trendline support and persistent ATH rejection (~109.8K) — and the next move could define the entire Phase D → Phase E transition. 🧠 Wyckoff Reaccumulation Context: ✅ Spring + Test confirmed ~May 19 ✅ Multiple LPS retests held around 107–108K ✅ Two clear SOS rallies tested above the creek 📌 Currently in late Phase D, facing third rejection from ATH ⚠️ Compression Observations: RSI (14): 49.88 → neutral to bearish momentum Volume: No conviction from either side Lower BB + BU lows (~107K): A logical Spring zone for a potential wick-down fakeout Price remains within channel and trendline support 🔄 Key Scenarios: 🟡 Bullish (Spring + Markup) Wick below trendline to 107K zone RSI bounce + green volume spike Break + close above 110K → Confirms Phase E Markup 🎯 Targets: Measured Move 1: 116,199 Measured Move 2 (Pennant): 119,958 Fib Cluster: 117,444 – 118,234 🔴 Bearish Breakdown Close below 107K LPS with volume RSI drops < 45 Structural failure → risks reversion to AR (~100.6K) and possibly BC 🧭 Conclusion: Bitcoin is in the decision apex of a second pennant. If we see a wick-down + bounce (Spring-like behavior), it could be the last reload before a markup wave. But without volume and momentum, this remains a fragile structure — stay patient, let the chart confirm. #Bitcoin #BTCUSDT #Wyckoff #Pennant #CryptoTA #BTC4H #VolumeAnalysis #RSI
BINANCE:BTCUSD.P
by BitcoinMillio18
Bitcoin Retesting ATH with Measured Move Target at 116KBTCUSDT (1D): Bitcoin has broken out from a tightly formed bull flag / pennant within a rising channel. The breakout is confirmed by a daily close above 105,863, reclaiming mid-channel structure and pushing toward the ATH zone near 110K. Measured move target from the pattern sits at 116,199, which aligns closely with the upper boundary of the trend channel and 0.618 fib extension confluence zone suggesting that any breakout above ATH could run into profit-taking near that region. Key Levels: Pennant base: 93,327 Pennant top: 105,863 Breakout trigger: 103,663 TP1: ATH / Upper BB zone ~110,000 TP2: Measured move target / Channel top ~116,199 SL: Below 101,853 or 55 SMA (conservative exit if structure fails) 📈 Volume supports the move 📊 RSI strong at 72.57 but not yet overheated 📌 As long as price holds above 105K, structure remains bullish
Long
by BitcoinMillio18
2
Learn to identify some useful Chart patterns, Merry Christmas🎄 Unlocking the Secrets of Chart Patterns: Navigating Market Trends 📈 Season's Greetings to all our readers! As we celebrate the spirit of the holidays, let's delve into the fascinating world of financial markets. In our journey to understand and navigate the complexities of trading and investing, we've touched upon essential chart patterns that can serve as invaluable guides for market enthusiasts. In the midst of the festive cheer, let's revisit some of these powerful indicators: the Double Bottom, Flag and Pole, Bullish Pennant, Rising Wedge, Falling Wedge, Triple Top, and Inverted Head and Shoulders. Understanding these patterns can be akin to unwrapping gifts of insight into potential market movements. So, grab a cup of cocoa, settle into your favorite chair, and join us as we explore the significance of these chart patterns and share practical tips on incorporating stop-loss strategies to enhance your trading toolkit. Wishing you a Merry Christmas filled with joy, warmth, and prosperous insights in the financial markets! 🎅🎁🚀 Double Bottom: Description: Imagine a smiley face turned upside down. A double bottom is a chart pattern that looks like two rounded troughs (bottoms) next to each other. Interpretation: Indicates a possible reversal of a downtrend. The price has tried to go down twice but failed, suggesting a potential upward movement. Stop-Loss Tip: One can place a stop-loss slightly below the lowest point of the double bottom. If the price falls below this level, it may invalidate the pattern. Flag and Pole: Description: Think of a flag on a flagpole. The "pole" is a strong, quick price movement, and the "flag" is a rectangular-shaped consolidation pattern. Interpretation: The flag and pole pattern often signals a continuation of the previous trend. The flag represents a brief pause before the price resumes its original direction. Stop-Loss Tip: One should set a stop-loss just below the lower end of the flag. If the price drops below this level, it might suggest a reversal of the trend. Bullish Pennant: Description: Similar to the flag and pole but with a small symmetrical triangle (pennant) instead of a rectangle. Interpretation: Indicates a temporary consolidation after a strong upward movement. It suggests that the bullish trend might continue after the brief pause. Stop-Loss Tip: Place a stop-loss under the lower trendline of the pennant. A break below this line could signal a potential trend reversal. Rising Wedge: Description: Picture a triangle with its top side steeper than the bottom side. The price makes higher highs and higher lows but in a narrowing range, with indicator making Lower Highs (Bearish Divergences). Interpretation: This pattern can indicate a potential reversal to the downside. It suggests that the buying interest is weakening, and the price may soon decline. Stop-Loss Tip: Place a stop-loss just above the last price swing high of the wedge. If the price drops below this line, it may suggest a potential reversal. Falling Wedge: Description: Similar to the rising wedge but inverted. The top side is less steep than the bottom side. Interpretation: Represents a potential reversal to the upside. It suggests that selling pressure is weakening, and the price may be ready to move higher. Stop-Loss Tip: Place a stop-loss just below the last price swing low of the wedge. If the price drops below this line, it may suggest a potential reversal. Triple Top: Description: Visualize a horizontal line touching the tops of three consecutive peaks. Interpretation : Indicates a possible reversal of an uptrend. The price has failed to break above a certain level three times, suggesting a potential downturn. Stop-Loss Tip: One should set a stop-loss slightly above the highest point of the triple top. If the price rises above this level, it may negate the pattern. Inverted Head and Shoulders: Description: Picture three troughs, where the middle one (head) is lower than the two on either side (shoulders). Interpretation: This pattern suggests a potential reversal from a downtrend to an uptrend. It signifies a shift in momentum from bearish to bullish. Stop-Loss Tip: One should place a stop-loss just below the neckline (the line connecting the highs of the pattern). If the price falls below this line, it might indicate a failed reversal. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:NIFTYEducation
by RK_Chaarts
49
BTC @ BULLISH /ENTER MISSED TARGETS NOWPHEMEX:BTCUSD BINANCE:BTCUSD BTC Is still bullish for who missed the entries have a chance to enter long as BTC retesting some key level supports. After retesting BTC will sure goes to 🌙. Nearly 72k. Resistance at 61300,60500 Supports retesting are selected for entering position Entries 1st 59000 2nd 58000 3rd 57500 ( Lower Major Support ) Leverage X2 / X5 Max Stop lose @5% Always put trailing or stop losea above entries. I'm only sharing my perspective on how BTC should go. Above mentioned entries are mine not advised to follow. Always DOYR before entering trades. This is not a financial advice.
BLong
by chartgram