This will be good!! Price is reaching the higher part of the channel where we will se parabolic move in the Q1. Looking forward just hold.
BTCUSD trade ideas
Bearish divergenceCould be a drop before the next leg up. I'm bullish on BTC long-term over the next year, and I do think it will pump in DEC, but short term looks bearish
Bitcoin’s $100K Showdown: Will Bulls Hold the Line?Hello Intrepid Traders ,
We have here the 1 Hour Chart of BTC/USD pair on Coinbase.
Bitcoin is navigating a critical point in its 1-hour chart, trading within a well-established ascending channel while hovering near the psychological $100,000 mark. The RSI has dipped near its oversold support zone, historically signaling potential reversals, but bearish divergence looms. With the 50 and 200 EMA providing dynamic support, is Bitcoin primed for a breakout or a deeper pullback? This analysis dives into the RSI, price action, and critical support and resistance levels to uncover what lies ahead for the king of crypto.
1-Hour Chart Analysis
Key Observations
RSI:
The RSI is near 50, indicating market indecision.
The green RSI zone marks historical oversold levels, signaling potential bullish reversals if touched.
Price Action:
Bitcoin is trading within an ascending channel with clear higher highs and higher lows.
Support Levels:
$100,000: Strong support near the channel's lower trendline and 200 EMA (red).
Resistance Levels:
$103,000 - $105,000: Key channel resistance and short-term target.
EMA Analysis:
The 50 EMA (green) is above the 200 EMA (red), signaling short-term bullish momentum.
The 200 EMA ($100,000) acts as critical support.
Scenarios and Suggested Actions
Bullish Scenario:
If RSI moves above 50 and the price holds above the 50 EMA, Bitcoin is likely to test $103,000 - $105,000.
A breakout above the channel could push the price to $107,000 or higher.
Bearish Scenario:
If Bitcoin breaks below $100,000 and the RSI dips into the green oversold zone, expect a retracement toward $97,000 - $98,000 or lower.
Action Plan:
Short-Term Traders:
Buy on a breakout above $101,000 with a target of $103,000 - $105,000.
Sell or short on a breakdown below $100,000, targeting $97,000.
Long-Term Investors:
Hold or buy more at $97,000 - $100,000 for long-term gains.
Final Thoughts
Bitcoin is at a crucial juncture. While the ascending channel and the RSI’s green zone suggest potential for a bullish rebound, the indecisive RSI near 50 and critical support around $100,000 mean the market could swing in either direction. Traders should monitor the RSI closely—if it rebounds above 50, expect bullish continuation toward $105,000 or higher. Conversely, a breakdown below the channel’s support near $100,000 would signal bearish pressure, with targets around $97,000 or lower.
Whether you’re bullish or bearish, this is a time for careful planning. Dynamic supports like the 50 and 200 EMA can provide good entry points, but risk management is key in this volatile zone.
Leave your questions and comments below.
More power to all your trades!
Intrepid Trader
Disclaimer:
This analysis is for educational purposes only and should not be considered financial or investment advice. Trading cryptocurrencies involves significant risk. Always conduct your research or consult a professional advisor before making trading decisions.
Will Bitcoin hit $110,000?
In the chart, the blue lines are the support lines and the red line is the resistance line. If Bitcoin can break the red line in the upcoming candles, it can grow to the set targets.
What do you think? Do you think Bitcoin will correct or continue to be bullish?
BTC Ready for next phaseBTC short term cup and handle targeting 108k breaking major ressistance will put btc in next market phase. as long as 104-106k regin will act as support look for 130-140k
Bitcoin Punches 108k Bulls up Bears Down!Bitcoin www.tradingview.com has broke past $108K, and the next key resistance levels are $110K and $112K . The $110K zone acts as psychological resistance where profit-taking is expected, while $112K aligns with the 1.618 Fibonacci extension from the last breakout, a major target for traders watching harmonic patterns like AB=CD.
Key Indicators and Patterns
1. Bullish Flag Breakout: Bitcoin’s flag pattern breakout pushed prices with strong momentum.
2. MACD: A bullish crossover on the daily chart signals continuation potential.
3. RSI: At 74, momentum remains strong, though nearing overbought conditions
4. Volume Spike: Institutional buying has validated the breakout—big money moves faster than your ex on payday.
If Bitcoin clears $112K, the next target aligns near $120K-132k based on extended Fibonacci levels. For now, bulls are pounding the bears harder than a heavyweight boxer, and momentum indicators favor continued upside.
Congratulations to everyone for reaching this milestone—let’s stay focused and keep riding this bull like it owes us rent! Don't forget to follow to keep get daily updates!
BTC , Mother candle Breakout BTC is in Bullish momentum , Even though last 26 days was in sideways range making it a flag .
Monthly and weekly both are up.
5 Dec candle is significant in terms of volume and price is in the range of its high and low ( Daily).
MACD is in positive zone , RSI is above 60 signify momentum. if it breaks out expecting target up to 114000.
Open and Low of todays candle is same , only problem is volume, its less then average .
View is my own and not an investment advice but for learning purpose only .
BTCUSD TRADE PLANThis is a very good setup in BTCUSD. This is forming a very good chart structure along with the support of moving average
2025 BTC chart based on historical days2025 BTC Chart based on i)Halving to ATH days, ii)ATH to Cycle Low days iii) Cycle low to break ATH days
Btc/Usd Bearish Monthly and Daily T_F
I except it to be bearish, that should be a pullback before the next bullish move
If it doesn't break out of the daily trend
That's a raising Wedge
My Analysis is base on the technical factors
Bitcoin could retest 4hr 200ema and then run hard!I think a small pull back is likely, we are so close to the 200ema and perhaps it will converge with up-sloping and down-sloping resistance for a volatile reaction. Not financial advice, DYOR
BTCUSD: 110K short term viewBTCUSD: 110K short term view
-Inverse Head n Shoulder pattern in Daily Timeframe.
-Swinging on narrow range to form the right shoulder pattern. Becareful for a shakeout/ Fakey pattern.
-Logical volume (less vol will be good signals here).
.
Waiting for a breakout and pump soon.
Bitcoin preparing for Final Target/Bull RunIf BTC does not go below 70k then 2025 will be the final Bull Market and Altseason
Scenario on BTC 12.12.24According to the previous scenario, I adjusted the levels a little and now it gives me a big short position scenario somewhere at the price of 93k, if we do not maintain this level, a move to the price of 87k is possible.
Bitcoin Price Once Again Fly Bitcoin Price identifying Potential Trading Zones. To Buy Side.
Resistance Zone 198K Bitcoin Hits this Resistance Zone
Support Zone 98K If Bitcoin Drops in sell side Like 98K this Could Be Support Area if a Bitcoin Test To Support After Price Again Rise To the Resistance Zone.
If you are in Buy Trade keep Eye on the Resistance Zone 108K
Rate Share Your Idea What's Going On Thanks.
Just a hypothetical aspectAny thoughts? With institutions, USA and Trump...Are we in a Wave 3, regarding the Supercycle?
Therefore Nov 21 would be Top of Wave 1, one year later Bot of Wave 2.
BREAK OUT OF LONGTIME UPTREND OR ANOTHER MOVE DOWNWe are clearly at the upper boundery of the longtime uptrend channel. We are in wave 3, so an outbreak could happen.
Because of the confluence of market sentiment (Trump, btc acceptence, etc) and top3, we could very well have a strong break out soon.
It is important to state that bearish divergence is NOT YET set (on D).
Be aware of the risk of a fake outbreak and ofcourse a short move down to gain strength for the breakout.
BTCComparison of candlestick pattern on a weekly time frame. Current pattern compared with a screen grab from when bitcoin price passed through 20k in Dec. 2020
BITCOIN Keep it simple. It won't top anytime soon.This is indeed a 'keep it simple' analysis consisting of 4 charts, each displaying a Bitcoin Cycle since 2012.
There is no need to overcomplicate things, the charts are pretty much self explanatory.
According to all 3 prior Cycles, BTC is on a rally supported by the 1week MA50, that is just over halfway completed.
It will not peak anytime soon and may very well be above $200k, even as high as $300k if the extremely optimistic scenario prevails.
Previous chart:
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Bitcoin Halving & Its impact on price growth update from 13 Dec.Addition to previous analysis from 13 Dec 2024
Executive view
I won't delve deeply into the definitions of price movements for KRAKEN:BTCUSD ,
as an in-depth analysis was already provided in my previous article dated 13 December 2024. You can find the full breakdown here:
In this updated version, I aim to provide a broader perspective on Bitcoin's future price movements and its potential trajectory. If the outlined theory holds true, we are still in the mid-term phase, and the cycle’s top has not yet been reached.
I maintain my view that the top for KRAKEN:BTCUSDT could approach $200,000.
Disclaimer:
Conduct your own research and ensure proper risk management before making any trading decisions.
