Bitcoin (BTC/USD) Technical Analysis: Breakout or Rejection at K200 EMA (Blue Line): 84,124 – This is a long-term trend indicator.
30 EMA (Red Line): 83,925 – A short-term trend indicator.
Key Levels
Resistance Point: Around 83,925 (marked in blue).
Support Zone: Around 82,184 (Stop Loss zone).
Target Point: 88,197, indicating a potential 6.34% upside.
Potential Trade Setup
Scenario 1 (Bullish Case):
If price breaks above resistance (83,925) and EMA 200, then a move towards 88,197 is expected.
A breakout confirmation might lead to an uptrend continuation.
Scenario 2 (Bearish Case):
If price rejects at resistance (83,925) and falls back below the support zone (82,184), a downward move could happen.
Pattern Analysis:
The chart suggests a potential accumulation phase before a breakout.
Possible retest of resistance before a rally.
Conclusion
Bullish above 83,925, targeting 88,197.
Bearish below 82,184, with potential downside.
Price action near the 200 EMA is crucial for the next move.
BTCUSD trade ideas
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Bitcoin (BTC/USD) Rectangle Pattern Breakdown – Bearish Move1. Overview of the Chart & Market Context
The chart provided represents Bitcoin (BTC/USD) on the 1-hour timeframe, published on TradingView. This analysis highlights the rectangle pattern formation, key support and resistance levels, and a potential short trade setup with defined risk management.
The market structure suggests a bearish outlook, as Bitcoin attempted to break above a resistance level but failed, leading to a sharp decline. The price action now indicates further downside movement, aligning with a rectangle pattern breakdown.
2. Rectangle Pattern Formation
What is a Rectangle Pattern?
A rectangle pattern is a consolidation phase where price moves sideways within a defined range, forming multiple touches at resistance and support before a breakout occurs. It can serve as a continuation or reversal pattern, depending on the breakout direction.
In this case, the pattern has resulted in a bearish breakout, indicating that sellers have taken control of the market.
Key Characteristics of This Rectangle Pattern:
The upper boundary (resistance) is at 88,333 USD, where price repeatedly failed to break higher.
The lower boundary (support) is at 78,044 USD, which acted as a strong floor but is now under pressure.
The price moved within this range for an extended period, showing a balanced battle between buyers and sellers.
A failed breakout at resistance, followed by a sharp rejection, signals a bearish reversal.
3. Breakdown of Key Levels & Market Structure
A. Resistance Level – 88,333 USD
This level has been tested multiple times, but price failed to hold above it.
The recent failed breakout led to a strong bearish rejection, confirming resistance.
The price action formed a bearish engulfing candlestick, adding to the bearish bias.
B. Support Level – 78,044 USD
This zone has previously provided multiple bounces, showing strong buying interest.
However, with the recent break below this level, it may now act as resistance.
If the price retests this area and fails to break above, it confirms a bearish continuation.
C. Price Rejection and Market Structure Shift
The formation of lower highs and lower lows signals a transition from consolidation to a downtrend.
The price broke out of the rectangle pattern to the downside, confirming a bearish breakout.
If the support at 78,044 USD fails, the price may continue dropping toward 73,678 USD.
4. Trade Setup & Execution Plan
🔹 Entry Strategy
A short position is initiated after the bearish rejection at resistance (88,333 USD).
The breakdown of the rectangle pattern strengthens the short setup.
The price may briefly retest the broken support (78,044 USD) before continuing downward.
🔹 Stop-Loss Placement
The stop-loss (SL) is placed above 88,333 USD, ensuring that if price moves against the trade, risk is minimized.
This protects against any unexpected bullish reversal.
🔹 Profit Targets (Take Profit - TP)
TP1: 78,044 USD (previous support level) – A conservative target.
TP2: 73,678 USD (deeper support) – If bearish momentum continues, this is the extended target.
Trade Component Details
Entry Short after rejection at 88,333 USD
Stop-Loss (SL) Above 88,333 USD
Take Profit 1 (TP1) 78,044 USD
Take Profit 2 (TP2) 73,678 USD
Confirmation Breakout & retest of support
Risk-Reward Ratio Favorable (defined SL & TP)
5. Expected Price Action and Market Behavior
🔻 Bearish Scenario (Most Likely Outcome)
The price will continue to fall towards TP1 (78,044 USD) due to selling pressure.
If 78,044 USD fails to hold, Bitcoin is likely to test the next major support level (73,678 USD).
The structure of lower highs and lower lows supports the downtrend.
🔺 Bullish Scenario (Invalidation of the Short Setup)
If Bitcoin breaks above 88,333 USD, the bearish outlook is invalidated.
This could signal a potential trend reversal or bullish breakout.
6. Technical Indicators Supporting the Analysis
Several technical indicators can be used to confirm the bearish outlook:
📉 RSI (Relative Strength Index):
If RSI is below 50, it confirms bearish momentum.
If RSI is oversold (<30), a temporary bounce may occur.
📉 Moving Averages:
If the 50-period MA crosses below the 200-period MA, it confirms a bearish trend.
If price is below both MAs, it strengthens the bearish setup.
📉 Volume Analysis:
A high selling volume during the breakdown indicates strong bearish conviction.
If volume spikes near support levels, a potential bounce could happen.
7. Summary of Key Findings
Pattern Identified: Rectangle pattern with a bearish breakout.
Market Structure: Price formed lower highs and lower lows, signaling a downtrend.
Trade Setup:
Short trade after rejection at 88,333 USD.
Stop-loss above 88,333 USD to manage risk.
Profit targets at 78,044 USD (TP1) and 73,678 USD (TP2).
Risk Management:
Clear stop-loss and take-profit levels ensure a controlled risk-to-reward ratio.
If price moves against the trade, the stop-loss prevents excessive losses.
Technical Indicators:
RSI, Moving Averages, and Volume Analysis confirm the bearish outlook.
8. Final Thoughts & Trading Plan Implementation
This analysis presents a high-probability bearish trade setup using the rectangle pattern breakdown strategy. With proper risk management, traders can execute this short trade with a structured plan.
🔹 Actionable Trading Plan:
Wait for price confirmation – If BTC retests the broken support (78,044 USD) and rejects, this strengthens the trade idea.
Execute the short trade – Once confirmation occurs, enter a short position.
Manage risk appropriately – Stick to the stop-loss above 88,333 USD.
Monitor price action – Adjust take-profit levels based on momentum and support breaks.
If the price invalidates the setup by breaking above resistance, it is crucial to exit the trade and re-evaluate the market conditions.
Conclusion:
This Bitcoin (BTC/USD) rectangle pattern breakdown analysis provides a clear bearish trade setup, supported by market structure, technical indicators, and price action. The well-defined entry, stop-loss, and take-profit levels ensure a structured risk-reward ratio, making this a viable short trade opportunity.
Bitcoin (BTC/USD) Technical Analysis – April 3, 2025📊 Bitcoin (BTC/USD) Technical Analysis – April 3, 2025 🚀
🔹 Current Price: 83,187.60
🔹 Timeframe: 30M
📌 Key Support Levels (Demand Zones):
🟢 81,266.01 – Major Support Zone
📌 Key Resistance Levels (Fair Value Gaps - FVGs & Supply Zones):
🔴 83,929.01 – First Target
🔴 85,231.24 – Major Resistance (Potential Target)
📈 Bullish Scenario:
BTC is currently consolidating around 83,187 and forming a potential bullish structure.
A break above 83,929.01 could lead to a rally toward 85,231.24.
The 0.5 Fibonacci retracement level (85,310.24) is a key area to watch for potential resistance.
📉 Bearish Scenario:
If BTC fails to hold above 83,000, we could see a drop towards the 81,266 support zone.
A break below 81,266 may indicate further downside movement.
⚡ Trading Tip:
✅ Wait for bullish confirmation before entering long positions.
✅ Look for potential rejection at the FVG zones for reversal trades.
✅ Use risk management and set stop losses appropriately.
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #PriceAction #SmartMoney #CryptoMarket
Falling towards pullback support?The Bitcoin (BTC/USD) is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 81,250.81
1st support: 78,517.93
1st Resistance: 86,600.97
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Technical Analysis of BTC/USD (1H Chart)1. Support & Resistance Levels
Resistance Zone (~87,000 - 88,000): BTC recently rejected from this zone, showing selling pressure.
Current Price (~83,522): Trading near a key level, with recent bearish momentum.
Support Levels:
82,450: A short-term support zone where price may react.
78,764: A major support level if the price continues downward.
2. Market Structure & Trend
BTC saw a strong bullish rally up to 87,000 before a sharp decline.
A lower high formation indicates possible trend reversal.
Price currently consolidating between 84,713 and 82,450.
A break below 82,450 could trigger a bearish move toward 78,764.
3. Candlestick Pattern & Price Action
Large bearish candle from 87,000 suggests strong selling pressure.
Price formed a bearish rejection wick, confirming resistance.
Expect a pullback toward 84,500 before further downside.
4. Potential Scenarios
Bearish Scenario: Rejection from 84,500 → Break below 82,450 → Drop towards 78,764.
Bullish Scenario: If BTC reclaims 84,500, it could retest 87,000.
Bitcoin will drop below $70,000 in the channel!Bitcoin remains within a descending triangle, printing consecutive lower lows and lower highs. The latest move saw an impulse pump into the 0.618 Fibonacci level, aligning perfectly with the descending channel range high. This resulted in a rejection, reinforcing the probability of a move lower.
Key Points:
• BTC is trading within a descending triangle with a clear lower high and lower low structure.
• The recent rejection occurred at the 0.618 Fibonacci level, aligning with the channel range high.
• The next key support is at the lower channel boundary around $65,500.
Bitcoin’s price action has solidified this descending trading channel, and until a breakout occurs, the market will likely continue to respect this structure. If sellers maintain control, a move toward the channel low remains the most probable scenario.
However, BTC can still range within this formation until a decisive break occurs. Traders should keep an eye on key support and resistance levels, as any strong reaction at these areas could indicate the next major move
bullish engulfing 5 waves up nextYesterday we completed 5 waes up look at the 3 impulsive bullish waves in green.
Then we did an A wave down and reversed at ~82,000 area
now we have a 4 hour bullish engulfing candle crossing through VWAP dily, Weekly, and monthly on the way to as high as 88,000 area, constrined by the daily pivots. which have been goin up in recent days in an up wave
Coming recesion?
Tomorrow I m bullish predicting 5 waves UP from here.
The oracle
in 2000 when the dot.com bubble burst, I wanted to know for sure, before everyone else that a recession is coming. From extensive research I learned the signs of a BEAR market coming. one the flight to quality, traders fearing to buy stocks rush into the 1 year T bill, gold, REITS, sin stocks that never go down in a Recession. Two the technical indicator? The 50 day EMA crossing down and going under the 200 EMA,
those born before 2008 or rmember 2000 don't hav. clue what a real reccision is, it is a 50% selloff and lasts years, ys the 50 day EMA crossed below the 200 EMA a few times where you could not be long, but tey were short and soon overrun bu the Elliot Supercycle Bull market is
BITCOIN Stock Chart Fibonacci Analysis 040225Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 84,700/61.80%
Chart time frame: C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Bitcoin Descending Channel - $65,500 Support Retest?Hello traders, in today’s Bitcoin analysis, we are going to look at recent price action developments and the rejection that occurred in the past 12 hours.
Bitcoin remains within a descending triangle, printing consecutive lower lows and lower highs. The latest move saw an impulse pump into the 0.618 Fibonacci level, aligning perfectly with the descending channel range high. This resulted in a rejection, reinforcing the probability of a move lower.
Key Points:
• BTC is trading within a descending triangle with a clear lower high and lower low structure.
• The recent rejection occurred at the 0.618 Fibonacci level, aligning with the channel range high.
• The next key support is at the lower channel boundary around $65,500.
Bitcoin’s price action has solidified this descending trading channel, and until a breakout occurs, the market will likely continue to respect this structure. If sellers maintain control, a move toward the channel low remains the most probable scenario.
However, BTC can still range within this formation until a decisive break occurs. Traders should keep an eye on key support and resistance levels, as any strong reaction at these areas could indicate the next major move
Big Capitulation Pattern and Bull Trap Would Make Sense Now.We now have a lot of match up in how the BTC and SPX moves have formed with both of them showing properties of what could be a choppy wave 4.
This would predict we see a period of panic selling (likely driven by news) and then we enter into the ABC correction.
Now ... by the book, if a bigger bear move is happening the high should now be in. If there's to be a big bull trap it'll be an ABC to the 76 retracement and then there'll be a sharp second down leg - surpassing the first.
By the way things actually are, we have to be wary of the butterfly bull trap. This would look and act identical to a 76 reversal up to a certain point and then it would make a hyper parabolic spike - which would briefly trade at new highs before setting up a big rug-pull event.
I explained in a previous post 70K was a critical make or break area. Upon further swing development I still think that's broadly correct but a false breakout could go as far as 65K.
If we get a sharp period of capitulation here I'll be very careful with my shorts. Trailing stops aggressively.
And likely be very bullish around 65K. So long as I can get reasonable stop entries (breaking of this area could mean an out and out waterfall - would not be a fun knife catch if you tried to hold it).
I kinda have a feeling the worst for the BTC drop might be directly ahead of us, but that is also likely the low for the foreseeable future.
Contingent on there being the sharp drop (ideally with news to explain it) and me seeing things I like in the 65K zone I can see me being extremely bullish on this in the coming month.
BTCUSD: Ready to Soar or Collapse?Hi Traders ! Possible Entries in BTCUSD (1H):
✅ Buy: If the price bounces off the lower line of the smaller ascending channel and breaks above 85,000 with volume. Additional confirmation if the RSI recovers above 60.
❌ Sell: If the price breaks down the smaller ascending channel, especially if it falls below 84,800. Extra confirmation if the RSI crosses below 50.
📢 Disclaimer: Not financial advice. Manage your risk properly.
BTC update 28.03.2025The zone of interest I have outlined, when internal liquidity is achieved. In the same zone we have horizontal volumes.
So I'm waiting for a reaction from this zone
We are still continuing to form the bottom of the correction.
The next 4 days will be a struggle to close the monthly candle, it should close green.
Bets Regards, EXCAVO