Is Bitcoin Running Out Of Steam?Bitcoin remains perched near the recent highs but continues to show signs of exhaustion. We now have a confirmed bearish divergence on the daily RSI - price made a new high while momentum failed to follow through. That kind of signal, especially coming out of overbought territory, typically warrants caution.
So far, Bitcoin has held above the key $106,159 level, but the divergence plus fading volume suggest that bulls are losing steam. It’s worth noting that each daily candle since the high has had a long upper wick, implying sellers are stepping in on every push higher.
Technically, as long as Bitcoin remains above $99,517 - the prior breakout level - the structure is still bullish. But the divergence, coupled with a possible fake out above resistance and weekend euphoria, leaves room for a pullback. If we do see a correction, $99,517 and $92,817 are the levels to watch.
Bottom line: price is still trending up, but momentum is slowing. Time to tighten stops and manage risk carefully - especially as sentiment appears to be running ahead of the market.
BITCOIN trade ideas
BTCUSD Market Update & Forecast ( 21st May 2025 )# 📉 **BTCUSD Market Update & Forecast ( 21st May 2025 )**
**Date:** May 21, 2025
**Analyst:** NextElliott
**Instrument:** BTCUSD
**Current Price:** \$106,376
**Strategy Type:** Elliott Wave, Gann Confluence, Probabilistic Reversal
**Trade Horizon:** 2–7 Days
**Timeframes Observed:** 4H / Daily
---
## 🔍 **Market Context & Price Behavior**
BTCUSD has successfully reached my **upper resistance target zone of \$106,200–\$108,400**, topping out near \$106,400. This zone was previously identified as a **potential exhaustion area**—a Fibonacci cluster and Gann resistance confluence, marking the final stage of a **Wave (3) advance**.
Price is now reacting to this resistance, and early signs of distribution or momentum loss are appearing in the 4H structure. This suggests a high-probability setup for a **corrective pullback** before any potential continuation of the larger trend.
---
## 📐 **Technical Breakdown**
### 🔻 Resistance Confluence Zone (Hit)
* **\$106,200–\$108,400**
* 1.618 extension from prior impulse
* Gann 120°–135° resistance arcs
* Measured wave projection from \$94,500 low
### 🔻 Immediate Support Zones (Pullback Targets)
* **TP1:** \$97,870 – High-volume node + sub-wave 4 base
* **TP2:** \$96,850 – Structure base and Gann 45° angle
* **TP3:** \$95,700 – Final fib/gap support
### 🔄 Elliott Wave Interpretation
* Current price action likely marks the top of **sub-wave 5 of Wave (3)**.
* A corrective **Wave (4)** is anticipated next, typically retracing to the prior Wave 4 of lesser degree:
* **Target range:** \$99,000 → \$97,870 → \$96,850
* Once this retracement completes, a final **Wave (5)** toward new highs may initiate—**provided** structural support holds above \$95,700.
---
## 🧭 **Gann Angle Analysis**
* The recent high aligns with the 120° arc from the March low—commonly a **cycle reversal marker**.
* Gann support lies near:
* **\$97,870** → 45° harmonic
* **\$96,850–\$95,700** → 60°–75° cluster
Timewise, BTC is exiting the minor **May 10–11 Gann window**, entering a possible correction window lasting until **May 24–26**.
---
## 🎯 **Trade Scenario Outlook**
### 🔴 **Bearish Retracement Scenario (Active)**
* **Trigger:** Reaction failure below \$106,200 confirms reversal
* **Targets:**
* TP1: **\$97,870**
* TP2: **\$96,850**
* TP3: **\$95,700**
* **Invalidation:** 4H close above \$108,400
### 🛠️ Risk Management
* Consider short entries on breakdowns below \$104,800 (support break)
* Use stop-losses above \$107,000 (recent high)
* Take partial profits near each retracement target
* Monitor RSI/Volume divergence for early reversal signs near \$97,870
---
## 🧠 **Strategic Commentary**
BTCUSD has met all pre-defined bullish objectives, aligning with the end of a 5-wave advance. The next **logical market move** is a correction to refresh bullish momentum and reset trader positioning. Expect volatility and potential range-based behavior before the next impulsive rally.
This zone offers **ideal conditions for tactical shorts or long re-entries** upon support confirmation.
---
## 📌 **Conclusion**
BTCUSD has tagged its upper resistance zone and now shows signs of topping within a mature wave structure. The anticipated pullback toward **\$97,870** is part of a healthy macro trend and should be monitored for possible long-term re-entry opportunities.
Traders should shift focus to downside targets, apply disciplined risk management, and stay adaptive to emerging price signals.
Bitcoin Analysis – Can Buyers Push the Price Up to $116,000?OANDA:BTCUSD is trading within a clearly defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting a potential continuation.
Price has recently broken through a key resistance zone and may return to retest it. If this level holds as support, it will reinforce the bullish structure and increase the likelihood of a move toward the 116,000 target, aligning with the upper boundary of the channel.
As long as price remains above this support zone, the bullish outlook remains intact. However, a break below this level could invalidate the setup and increase the likelihood of a deeper pullback.
Remember, always confirm your setup and trade with solid risk management.
Good luck!
BTCUSD Technical Analysis.The chart you provided is a 1-hour candlestick chart of Bitcoin (BTC) against the U.S. Dollar (USD) on the BITSTAMP exchange, with technical analysis annotations suggesting a short trade setup. Here’s a breakdown:
Key Elements in the Chart:
Price: Currently around $106,171, showing a decline of 0.64%.
Pattern: A rising wedge or ascending triangle is broken downward, indicating a bearish move.
Entry Zone: Around the current level (~106,171).
Stop-Loss (SL): Set near 107,804, above the recent swing high.
Target: Marked near 105,018, which aligns with previous support levels.
Risk/Reward Box: Shows favorable risk-reward ratio with a green zone (reward) larger than the red zone (risk).
Projected Move: Price is expected to make lower highs and drop to the target area.
Summary:
The chart suggests a bearish outlook with a short entry around the current price, targeting 105,018, and a stop loss at 107,804. The analysis appears to be based on a breakdown from a rising wedge pattern, a common bearish reversal indicator.
Would you like help analyzing if this setup aligns with current fundamentals or sentiment?
Beneath the Blocks: The Real Tech That Powers CryptoCrypto is more than coins and charts. That’s the surface most traders never look beyond.
It's a stack of revolutionary technologies working together to build the future of finance, data, and trust.
But if you’re serious about understanding crypto’s long-term value—or timing its major shifts—you need to grasp what lies beneath.
Here’s your deep-dive into the true foundations of the crypto ecosystem:
🔸 1. DeFi (Decentralized Finance)
DeFi is crypto’s answer to traditional banking—without banks.
Instead of loan officers or custodians, you interact with smart contracts that handle everything from borrowing, lending, to trading.
Protocols like Aave, Compound, and Uniswap allow users to earn interest, provide liquidity, or borrow assets— permissionlessly.
No KYC. No intermediaries. Just wallets and smart contracts.
Total Value Locked (TVL) across DeFi platforms has been a major leading indicator for altcoin seasons.
📚 Why it matters: DeFi is crypto's real-world use case—and its biggest battleground for regulation.
🔸 2. Proof of Work (PoW)
PoW is Bitcoin’s original consensus mechanism.
It secures the network by requiring miners to solve complex math problems (hashes). Whoever solves the block gets rewarded with BTC.
This is energy-intensive, but it’s what makes Bitcoin nearly impossible to attack.
It aligns incentives: miners secure the network in return for rewards.
📚 Why it matters: PoW is the most proven security model in crypto—but it’s also under pressure for its energy costs.
🔸 3. Proof of Stake (PoS)
PoS replaces miners with validators—chosen based on how much crypto they “stake” (lock up) as collateral.
Used by Ethereum 2.0, Solana, Avalanche, Cardano, and many others.
It’s energy-efficient and enables faster, cheaper transactions.
Validators get rewarded in native tokens (e.g., ETH) for proposing and verifying blocks.
📚 Why it matters: PoS is scalable and green, but centralization risks arise if large players control too much stake.
🔸 4. Energy Consumption
PoW networks like Bitcoin consume significant electricity due to mining.
Critics argue this is wasteful.
Proponents argue it's essential for decentralized security and global financial sovereignty.
Solutions being explored:
Renewable-powered mining
Off-grid operations
Transitioning to PoS (as Ethereum did)
📚 Why it matters: Sustainability is a battleground narrative—especially as institutional adoption grows.
🔸 5. Hash (Hash Function)
A hash is a one-way cryptographic function that transforms any input (a transaction or block) into a fixed-length output.
Bitcoin uses SHA-256.
Changing just one character in the input changes the entire hash—making tampering obvious.
📚 Why it matters: Hashes secure every block, transaction, and address—forming the cryptographic backbone of all blockchains.
🔸 6. Smart Contracts
Smart contracts are self-executing agreements written in code, deployed on-chain.
“If X happens, do Y.” No lawyers, no third parties.
Enabled NFTs, DeFi, DAOs, and much more.
Popular platforms:
Ethereum (Solidity)
Solana, Avalanche, BNB Chain, etc.
📚 Why it matters: Smart contracts are what make blockchains programmable. This is the difference between BTC (digital gold) and ETH (Web3 platform).
🔸 7. Distributed Ledger
A distributed ledger is a database that is shared, synchronized, and accessible across multiple nodes.
Every node stores a full copy of the blockchain.
Consensus ensures all copies are aligned.
Immutable: You can only add to it, not edit or delete.
📚 Why it matters: This is what decentralization looks like. No single point of failure. Trust is built into the architecture.
🔸 8. Blockchain Technology
Think of blockchain as a chain of blocks, where each block stores transaction data and a hash of the previous block.
It’s:
Transparent: Anyone can audit it.
Secure: Tampering with one block invalidates the chain.
Decentralized: Run by thousands of nodes worldwide.
📚 Why it matters: Blockchain is the foundational tech. Coins come and go—but the architecture is the real revolution.
💡 Nerdy Tip:
Don’t just trade what you see. Learn what drives it.
The real edge in crypto comes from understanding the mechanics—before they show up in price action.
put together by : Pako Phutietsile as @currencynerd
Bitcoin Short Setup –Supply Zone Rejection Trade Plan (1H Chart)(BTC/USD – Technical Setup)
🔵 Trend Setup:
⬆️ Resistance Line – Price is struggling to break above this level.
⬇️ Support Line – Price bounced several times here before breaking down.
🟢 EMA 70 – Currently around 104,435.9, acting as dynamic support/resistance.
📍 Key Levels:
🔴 Stop Loss Zone:
107,488.4 to 107,402.4
(🚨 Strong resistance, limit losses!)
🟡 Entry Point:
106,026.8
(🟨 Inside the Supply Zone – Ideal for Sell)
🟦 Supply Zone:
106,026.8 to 107,402.4
(⚠️ High selling pressure expected here!)
🔵 Break of Structure (BOS):
Price broke below the rising support line
(📉 Bearish confirmation!)
🎯 Target Point:
99,000.0
(💰 Take Profit Target!)
🔻 Trade Idea:
SELL at 106,026.8
🛑 Stop Loss: 107,488.4
✅ Target: 99,000.0
Risk-Reward looks solid.
This is a short setup expecting a drop after a retest of the supply zone.
Bearish Reversal Confirmed – BTC Rising Wedge TrapBitcoin (BTCUSD) on the 1H timeframe is displaying a bearish reversal structure after failing to sustain a breakout above key resistance. The recent price action has formed a Rising Wedge Pattern, which typically precedes a downside correction, especially when formed near a key supply zone. Let’s break down the setup:
🔍 Technical Analysis Overview:
🔹 1. Rising Wedge Pattern (Bearish)
A rising wedge is visible near the top of the recent bullish impulse. This wedge is characterized by converging trendlines with higher highs and higher lows, but with diminishing momentum. It typically signals a weakening uptrend and a potential trend reversal or correction once price breaks below the lower wedge boundary.
The breakout to the downside has already begun, confirming bearish intent.
🔹 2. SR Interchange Zone
The blue zone marked in the chart represents a Support-Resistance Interchange (SR Flip). This was previously an area of consolidation and breakout, acting as a key decision zone. Price is expected to retest this zone after the wedge breakdown before continuing further down.
This creates a perfect "Break → Retest → Drop" scenario, often favored by institutional and swing traders.
🔹 3. Consolidation Structure
Before the wedge formation, Bitcoin was stuck in a prolonged consolidation phase. This type of ranging price action often accumulates orders before a breakout. Once broken, these zones serve as magnets for pullbacks or liquidity grabs, and are frequently retested.
🔹 4. Target Zone
The measured move from the rising wedge pattern points to a target near $101,617, which aligns with a previous structural low and a potential demand zone. This area could serve as the next major support level.
🎯 Trade Strategy & Setup:
Entry: After confirmation of breakdown and a clean retest of the SR zone.
Stop Loss (SL): Just above the wedge high and structural resistance (~$108,020).
Target (TP): $101,617 (downside projection based on wedge height and price structure).
📌 Risk-Reward Setup: 1:3+ possible if retest confirms.
🧠 Trader’s Insight:
This setup reflects a common smart-money behavior where price forms a bullish-looking structure (rising wedge), entices buyers, and then traps them with a swift breakdown. The SR retest provides a low-risk shorting opportunity. Patience is key — let price come to your level before entering.
🚨 Risk Note:
If BTC reclaims and holds above the $108,020 level, the bearish thesis may be invalidated. Always wait for confirmation before execution.
BTC/USD Double Top Formation | Short Opportunity AheadBitcoin is showing a Double Top reversal pattern on the 4H chart, suggesting potential bearish momentum. Price action has rejected resistance around $109,000 and is now testing neckline support.
🔹 Technical Analysis:
⚠️ Double Top pattern with neckline near $106,000
📉 Break below neckline would confirm bearish reversal
🎯 Target zone projected near $100,300 based on pattern height
🛑 Stop Loss placed above $109,000 resistance zone
🔹 Fundamental Insight:
🏦 Market cautious amid potential Fed rate hold and stronger USD
🌐 Risk-off sentiment pressuring crypto markets
📊 On-chain activity shows cooling momentum post recent rally
📌 Trade Idea: Sell below neckline confirmation, targeting $100,293 with stop above recent highs. High-probability setup for short-term swing traders.
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Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
BTC Here Comes The Moment Of TruthNow that the 4hrs Bullish TIME Cycle has started and price didn't drop at all (that's a good sign) we should have confirmation or rejection in 2 days.
Does Bitcoin will break ATHs and head for the $118k or it will stall and move sideways or in the worst case scenario drop to the $100k again?
We'll find out soon, so far Bitcoin looks great.
BITCOIN Free Signal! Sell!
Hello,Traders!
BITCOIN keep growing in a
Strong uptrend but the price
Will soon hit an an all-time-high
Price around 109,400$ which
Is also a resistance from where
We can go short with the
Take Profit of 103,900$
And the Stop Loss of 109,739$
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bitcoin has recently touched its weekly Fair Value GapBitcoin (BTC) Market Update
Bitcoin has recently touched its weekly Fair Value Gap (FVG) and is now showing upward momentum. This price behavior is aligning with a potential transition from an Intermediate Reversion Level (IRL) to an Extended Reversion Level (ERL), suggesting the formation of a structured bullish model.
Given the current positive market sentiment surrounding BTC and the fact that the asset has already absorbed significant sell-side liquidity, the potential for further upward movement remains strong. There is a possibility that the market could aim for the 110K level in the near term if bullish conditions persist.
Investors and traders are advised to monitor the market closely as this structure develops, considering both technical indicators and macroeconomic influences to make informed decisions.
DYOR!
GOLD is showing the $300k way to BITCOINBitcoin / BTCUSD is currently on a strong rebound on its 1week MA50.
It's 1week chart looks identical to Gold's 1month chart. Both are Cup and Handle patterns and Bitcoin lags behind.
Gold has already made its final parabolic rally and nearly touched its 2.0 Fibonacci extension.
This shows that BTC's potential is extremely big, eyeing (if symmetry plays out to the end) $300000.
Follow us, like the idea and leave a comment below!!
BTCUSD: Going for the decisive breakout that opens path to 155,0Bitcoin is almost overbought on its 1D technical outlook (RSI = 69.391, MACD = 3884.400, ADX = 20.801), which during rallies is the starting condition that fuels bullish breakouts and continuations. Such a breakout is about to take place right now as the price is on the LH trendline coming from the ATH. As this chart shows, once Bitcoin breaks over a LH trendline on this Cycle, it has always delivered (much) more upside. Assuming we are currently on the 0.5 Fibonacci level of that breakout, the pattern gives a TP = 155,000.
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Golden Cross? You are late! Here’s How to Get In Early.📉 “Golden Cross? No Thanks. Here’s How to Get In Early.”
By FXProfessor
Video here:
Everyone’s hyped about the Golden Cross again...
📰 “Bullish Signal!”
📈 “50 SMA crossed the 200!”
🎉 “Party time!”
Let me stop you right there.
If you’re waiting for that cross to go long —
You’re not late.
You’re definitely late.
The Golden Cross is a lagging indication.
It’s the afterparty. The smart money already had the drinks and left.
🔍 Here's the deal:
✅ Golden Cross forms after the move
✅ Price is usually already up double digits
✅ Sometimes it triggers right before a top
✅ Even EMAs (which I prefer) are still confirmation tools
✅ The real edge? Structure. Trendlines. Pressure zones.
📊 What I use instead:
-Custom EMAs that react faster
-My signature parallelogram method for early pressure
-Focus on trendlines and structure
-Above all — logic, not hype
- Fundamentals first!
For example, while the Golden Cross just printed, I was already watching $74,394 and $79,000.
Why? Because pressure builds before indicators react.
That's where the best entries live.
So next time someone posts
“Golden Cross confirmed!” 😏 Just smile and remember:
By the time the cross lights up, I’m already halfway to the next target.
Use EMAs if you like. But structure comes first.
That’s where the party starts.
One Love,
The FXProfessor 🧠📈
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
New ATH on Bitcoin ? In this idea I marked the important levels for this week and considered a few scenarios of price performance
Write a comment with your coins & hit the like button and I will make an analysis for you
The author's opinion may differ from yours,
Consider your risks.
Wish you successful trades ! mura