"BTC Entry for the Big Move" 1. Market Structure & Price Action
The chart shows Bitcoin (BTC/USD) on a 15-minute timeframe, meaning each candlestick represents 15 minutes of price movement.
• Uptrend Formation:
o The market has been in a clear uptrend, characterized by higher highs and higher lows.
o Multiple trendlines suggest that price was following a structured move upward before reaching resistance.
• Current Price Behavior:
o A pullback is happening. After a strong upward push, BTC is consolidating.
o Short-term bearish movement is visible, with price testing lower support zones.
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2. Key Technical Levels
Resistance Zones (Red Lines)
• These levels are areas where sellers previously stepped in, halting upward movement.
• If BTC pushes higher again, these zones will be the next major obstacles.
Support Zones (Green Lines)
• The green levels indicate price areas where buyers have historically shown interest.
• BTC is testing these support areas now, and a reaction here could determine the next move.
Volume-Weighted Average Price (VWAP - Blue Line)
• This dynamic level acts as a moving support/resistance.
• Price is currently hovering around it, meaning buyers and sellers are closely balanced.
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3. Highlighted Zones & What They Mean
Volume Pocket (Gray Label)
• This marks an area where a large amount of trading activity took place.
• These pockets often act as magnetic zones, meaning price is attracted to them.
• If BTC holds above it, it signals strong buyer interest; if it breaks below, it may indicate weakness.
Consolidation Block (Blue Box)
• This is a range where price is moving sideways.
• When price enters a consolidation phase, it's gathering momentum before the next big move.
• A breakout above means a continuation of the uptrend; a breakdown below could lead to a further drop.
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4. Trendlines & Price Projection
• Dotted Green Uptrend Line: Shows the larger trend direction—if price respects this, we may see further upside.
• Dotted White Lines: These mark smaller trends and breakout zones.
• Dotted Red Line: Indicates recent short-term bearish pressure—price is struggling to break above this.
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5. What to Watch Next
1. Holding Support?
o If BTC stays above the support and VWAP level, we could see a bullish move back toward resistance.
o A strong bounce from this zone would confirm buyers are stepping in.
2. Breaking Below the Consolidation Block?
o If BTC loses support, price may enter the consolidation block.
o This could lead to a retest of lower levels, possibly near $97,000.
3. Volume Confirmation
o If volume increases on a move upward, it strengthens the bullish case.
o If BTC drops with rising volume, it signals sellers gaining control.
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Final Takeaway
BTC is at a critical decision point. Either: ✅ Bulls defend support, leading to a continuation of the uptrend. ❌ Bears push price lower, and BTC may enter a bigger consolidation or downtrend.
This is a neutral-to-bullish setup, but confirmation is needed.
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Now that we’ve broken down the chart structure, let’s focus on potential trade setups based on different scenarios.
1. Bullish Trade Setup (If Support Holds)
Entry Plan:
• Ideal Entry Zone: $100,250 - $100,750 (Green Support Area & VWAP)
• Confirmation:
o A strong bounce with bullish candles.
o Increasing volume on the upside move.
o Breakout above the recent consolidation block (Blue Box).
Take Profit (TP) Levels:
• TP1: $101,390 - $101,500 (First resistance level)
• TP2: $103,780 - $104,000 (Stronger resistance zone)
• TP3: $106,100 - $106,470 (Major resistance & potential reversal area)
Stop Loss (SL):
• Below $100,250 (Invalidation level; if price breaks below, sellers take control).
• A tight stop could be around $99,900, while a wider stop would be $99,500 for safety.
Risk-to-Reward Ratio (RRR):
• Aiming for at least a 1:2 or 1:3 RRR, meaning for every $1 risked, the target should be $2-$3 in return.
✅ Best Entry Signal:
• Price bouncing off support with increasing volume.
• A bullish engulfing candle appearing near VWAP.
• Reclaiming the consolidation block (Blue Box) as support.
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2. Bearish Trade Setup (If Support Breaks)
Entry Plan:
• Entry below: $100,250 or after a clear breakdown from the consolidation block.
• Confirmation:
o Failure to reclaim the support zone.
o Increasing selling volume.
o Breakdown below trendlines, confirming downside pressure.
Take Profit (TP) Levels:
• TP1: $99,500 - $99,000 (First liquidity zone)
• TP2: $97,000 (Consolidation Block mid-level)
• TP3: $95,000 or lower (Stronger demand area)
Stop Loss (SL):
• Above $100,800 (Invalidation level; if price reclaims the lost support, it’s no longer a short setup).
Risk-to-Reward Ratio (RRR):
• Looking for a 1:2 or 1:3 ratio.
• Better entry would be on a retest of the broken support, ensuring confirmation.
❌ Best Short Signal:
• A strong rejection candle at resistance.
• Breaking below VWAP with selling volume.
• Lower highs forming, confirming bearish structure.
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3. Range-Bound Strategy (If BTC Stays Inside the Consolidation Block)
• If price remains stuck in the blue box, you can play a scalping range strategy:
o Buy near the bottom of the box (~$99,500-$100,250).
o Sell near the top of the box (~$101,000-$101,500).
o Use tight stops in case of a breakout.
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Risk Management Tips
✔ Always use a stop loss to protect capital.
✔ Avoid chasing price—wait for confirmations.
✔ Adjust position size based on risk—never risk more than 1-2% of your total capital on a single trade.
✔ Volume analysis is key—strong volume confirms direction.
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Final Thoughts
• Bullish Scenario: Watch for support hold, volume increase, and a push above $101,000.
• Bearish Scenario: Breakdown of $100,250 with selling volume could trigger a drop to GETTEX:97K or lower.
• Neutral/Scalping Play: If price stays in the consolidation block, play the range.
(I added a price of $99,566 in connection with the red trend line)
This is a 15-minute timeframe idea, but be warned—this can be the most chaotic noise you’ll face. It can work for you or against you, but let’s be clear: if it fails and you’ve entered the trade, stay calm. The bigger picture remains—$117K is the true target, with $108,727 as the next key level.
