BTCUSDT trade ideas
Candlestick Patterns - How to read them like a ProOverview
Candlestick charts serve as a cornerstone in technical analysis, presenting price activity in a visually digestible format. By examining how prices move over a given timeframe, traders gain key insights into potential market direction, sentiment shifts, and trend strength.
Mastering candlestick interpretation is essential for identifying bullish or bearish sentiment, as well as for spotting possible trend reversals or continuations. Still, candlesticks alone don’t paint the full picture—using them without broader context increases the risk of false signals.
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What You'll Learn
What are candlestick charts?
Common bearish candlestick patterns
Common bullish candlestick patterns
How to apply candlestick analysis in trading
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What is a Candlestick Chart?
A candlestick provides a snapshot of an asset’s price behavior during a specific time interval, whether it's one minute, one hour, or one day. This format allows traders to quickly assess how the price has moved within that period.
Each candle reveals four price points:
* Open – the price at the beginning of the interval
* Close – the price at the end of the interval
* High – the highest price reached
* Low – the lowest price during that time
Anatomy of a Candlestick:
* Body: The thick section between the open and close. A green (or white) body means the close was higher than the open (bullish), while red (or black) means the opposite (bearish).
* Wicks (or Shadows): Thin lines extending from the body to indicate the high and low.
* Upper wick: Marks the highest traded price
* Lower wick: Marks the lowest traded price
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Bearish Candlestick Patterns
Understanding bearish candlestick patterns helps traders identify moments when buying momentum might be running out—setting the stage for a potential downward shift.
Evening Star
A three-candle formation that signals a shift from buying pressure to selling dominance. It starts with a strong bullish candle, followed by a small-bodied candle of indecision, and concludes with a large bearish candle that cuts deep into the first. This pattern often appears at the end of an uptrend.
Bearish Engulfing
This setup includes a small bullish candle followed by a large bearish candle that completely swallows the previous one. It indicates that sellers have seized control, potentially marking the beginning of a downward trend.
Shooting Star
With a small real body near the low and a long upper wick, this pattern reflects strong early buying that is ultimately rejected by the close—suggesting fading bullish momentum.
Gravestone Doji
This candle opens, closes, and hits its low all around the same price, leaving a long upper wick. It suggests that bulls pushed higher during the session but were overpowered by bears by the close.
Three Crows
Three consecutive bearish candles, all approximately the same size. These indicate that a sell off is coming soon.
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Bullish Candlestick Patterns
Bullish patterns can alert traders to possible reversals after a downtrend or strengthen conviction during an uptrend.
Morning Star
This three-candle formation marks a potential turning point from bearish to bullish. It begins with a strong bearish candle, followed by a smaller candle showing indecision, and ends with a large bullish candle breaking upward—signaling buying strength is returning.
Bullish Engulfing
This two-candle pattern begins with a bearish candle, then a larger bullish candle that completely envelops the previous body. It reflects a sharp transition in sentiment, suggesting renewed buying pressure.
Dragonfly Doji
A single candle where the open, close, and high are all very close, with a long lower wick. It shows sellers pushed prices lower but buyers stepped in and brought them back up—an early sign of possible reversal.
Hammer
A classic bullish reversal signal that features a small real body near the top and a long lower shadow. It indicates a battle where sellers initially dominated, but buyers managed to close near the open price.
Three soldiers
Three consecutive bullish candles, all approximately the same size. These indicate that a big buy is coming soon.
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Trading with Candlestick Patterns
Candlestick patterns become more meaningful when they align with major chart areas—such as previous support or resistance, trendlines, or retracement zones. A bullish signal at a support level can hint that the downward pressure is fading, while a bearish pattern at resistance may warn of an upcoming decline.
To increase the reliability of your trades, combine candlestick patterns with other forms of technical analysis:
* Support & Resistance Zones: These are price levels where the market has historically reacted. Candlestick patterns forming near these zones have stronger potential implications.
* Fibonacci Levels : These help identify likely retracement areas. When a candlestick pattern forms near a key Fibonacci level like 61.8%, it adds strength to a potential reversal setup.
* Liquidity Areas: Clusters of orders (buy or sell) tend to create strong reactions. When patterns appear in these zones, they often precede more decisive moves.
* Technical Indicators : RSI, MACD, Moving Averages, and Stochastic RSI can provide confirmation. For instance, a bullish reversal pattern that appears when RSI is oversold strengthens the signal.
💡 Tip: Don’t rush into trades based on one candlestick alone. Always wait for the next candle or price confirmation (e.g., a break of a previous high/low) to validate your signal.
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BTC/USDT – Weekly Outlook & Reflection (15m, Ichimoku) by RiscorA new trading week begins after an exceptionally strong bullish close last week. Given the strength of that rally — and seeing how long/short ratios are now heavily skewed to the long side — I expect this week to open with a pullback.
To me, the bullish impulse feels exhausted, so I’m watching for a short-term retracement. My initial target is a move toward 117,500, but if the correction accelerates, we could even see a deeper dip, possibly down to the 113,000 area.
That said, the uptrend is still strong — any shorts here are high-risk, countertrend trades. I’ll treat all short setups as tactical reversals only, not as a full trend change. Caution is key in this environment!
Let’s see how the structure develops as the week unfolds.
BITCOINAs of July 11, 2025, Bitcoin (BTC) is experiencing a strong bullish surge, reaching new all-time highs:
Current Price: Around $117,786 per BTC, up about 1.55% on the day, with an intraday high near $118,780.
Market Cap: Approximately $2.33 trillion, reflecting significant institutional and retail interest.
Trading Volume: High, with 24-hour volume exceeding $124 billion, indicating robust market activity.
Key Drivers Behind Today’s Bitcoin Rally:
New All-Time High: Bitcoin recently surpassed its previous record, hitting nearly $118,800, fueling bullish momentum.
Massive Short Squeeze: Over $1 billion in short positions were liquidated within 24 hours, including around $570 million in Bitcoin shorts, accelerating the price rally.
ETF Inflows: US spot Bitcoin ETFs have seen substantial inflows (around $50 billion this week), signaling strong institutional demand.
Technical Breakout: Technical indicators show a strong bullish trend, with Bitcoin targeting levels above $126-130K,
Macro Environment: The US dollar is weakening sharply (its worst performance since 1973), boosting risk assets like Bitcoin.
Growing Adoption: Corporate treasury purchases and positive regulatory developments in the US are enhancing investor confidence.
Market Sentiment and Outlook:
The Relative Strength Index (RSI) is above 70, indicating strong bullish momentum but also suggesting caution for a possible short-term pullback.
The number of Bitcoin wallets holding BTC has increased significantly, showing renewed accumulation by investors.
Technical Outlook Bullish, target $120K+
Bitcoin’s rally today is driven by a powerful combination of technical breakout, institutional buying, short squeeze dynamics, and supportive macroeconomic factors, making it one of the strongest moves in crypto markets this year.
#BTC #BITCOIN
All Binance Coins Watchlist 2025 JULY If you want to create a full list of all coins from the exchange you use, you can:
1. Go to Screeners
2. Set these filters:
a. Exchange (eg. Binance)
b. Quote currency - USDT
c. Symbol type - Perpetual
3. Keep Scrolling till the end of the list so that all coins are populated. There should be about 400+ coins.
4. Select one of the coins, then click Ctrl A to select all.
5. Right click > Add to an existing Watchlist or Create a new watchlist.
Here's my list i created on 4th July 2025. You can import it if you want.
www.tradingview.com
#BTCUSDT | Massive Breakout – Now What?Bitcoin has broken out of a multi-week descending wedge on the 4H chart — a classic bullish reversal pattern. Price is now consolidating just above $116,818 support, forming a base for the next leg up.
What Just Happened:
Clean breakout above the wedge resistance
Strong momentum candle above $111,862
Immediate rejection near $122,341
Currently retesting the previous breakout zone
Key Levels:
Resistance: $122,341
Support: $116,818 → key short-term level
Breakout Support: $111,862
Deeper Support: $105,189
Invalidation Level: $97,205
Bullish Outlook:
If BTC holds $116,818 and breaks above $122,341 with volume, the next leg could extend toward $128,000–$132,000.
Bearish Risk:
Losing $116,818 with volume → look for retest near $111,862 or even $105,189 for a stronger bounce.
Bias:
Bullish above $116,818 — watching for consolidation before continuation.
Trade Setup (if planning to enter):
Entry on retest of $116,818–$117,000
SL: Below $114,000
TP1: $122,341
TP2: $128,000
TP3: $132,000
DYOR | Not Financial Advice
Overlaying AI forecast directly onto chart. Judge for yourself On the 27th of June I put through a prediction into my AI forecasting machine and this is what it said (image on screen)
I am SO impressed with the forecast so far, so I've overlayed the image onto the price action and will check in on it daily
This will give You the dominant trend direction for Bitcoin, and perhaps some extra capital in your accounts #you'reWelcome
BTC & USDT.D => Bullish Correction Incoming?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Both BTC and USDT.D are sitting around key rejection zones.
💰 BTC is hovering near the $100,000 level — a major previous low and a psychological round number.
📊 Meanwhile, USDT.D is testing the 5% resistance — a supply zone and another critical round number.
As long as $100,000 holds as support on BTC and 5.1% holds as resistance on USDT.D, we could expect a bullish correction across the crypto market.
What do you think? Will these levels hold or break? 🤔
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Trading Update:From the current market position at 102,663.96, Bitcoin is poised within a key price range. As per your outlined strategy, you're targeting a potential 4.71% drop to the mitigation block at 97,911. This level serves as a critical zone for price action, which could offer an opportunity for a potential reversal or continuation.
Key Levels:
Dealing Range High: 117,900
Mitigation Block: 97,911
Current Price: 102,663.96
Potential Drop: 4.71% to the mitigation block
Price Target (TP):
From the mitigation block at 97,911, the target suggests a 20% potential gain as the price moves toward the upper boundary of the dealing range at 117,900.
Key Observations:
Risk/Reward Ratio: The setup shows a favorable Risk/Reward ratio of 4.75, which aligns with a solid risk management strategy, especially considering the potential for a 20% gain from the mitigation block to the dealing range high.
Stop Loss: The stop loss is set around 93,456.00 as per the chart, ensuring proper risk management in case the market moves against the expected setup.
Suggested Strategy:
Entry: Watch for price action near the mitigation block (97,911) for a potential entry.
Take Profit: Aim for the 117,900 level, targeting a 20% gain.
Stop Loss: Keep stop loss orders at 94,960 to protect against larger downside movement.
This setup offers an attractive risk/reward proposition, but always ensure you are actively managing the trade, especially if price approaches the mitigation block.
TradeCityPro | Bitcoin Daily Analysis #121👋 Welcome to TradeCity Pro!
Let’s dive into the Bitcoin analysis and key crypto indicators. As usual, I’ll walk you through the triggers for the New York futures session.
⏳ 1-Hour Timeframe
As you can see on the 1-hour timeframe, the upward move Bitcoin made yesterday turned out to be a fakeout, and the price is now heading downward.
⚡️ I’m not moving the 108619 line for now. I’ll wait to see if the price reacts to it again in the future, then decide whether to adjust it.
✅ Currently, if the 107853 level breaks, we can enter a short position. We already have volume confirmation, and if this increase in volume continues, we could see a sharp downward move.
📈 Next support levels for Bitcoin in this timeframe are 106586 and 105370, which can be used as targets.
✨ If Bitcoin starts moving upward again, the long trigger remains the 110256 level. A breakout here would mark the beginning of a true uptrend.
👑 BTC.D Analysis
Bitcoin dominance continued its downward move today, dropping close to the 65.04 level.
🔼 We’re currently seeing a reaction at this level, suggesting some support. A break below 65.04 could trigger a strong downtrend.
📅 Total2 Analysis
This index is still in an uptrend but showing significant weakness. It’s currently sitting on key support at 1.15.
⚡️ A break below this level could give us a short position. Additional support levels are 1.14 and 1.13. For a long position, the only trigger we have right now is 1.17.
📅 USDT.D Analysis
Looking at Tether dominance, it’s still hovering around the 4.78 level. After a brief fakeout below, it has returned above that zone.
📊 If this level breaks again, Tether dominance could move down toward 4.72.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
BTC sideways above 115k💎 BTC PLAN UPDATE (July 17)
NOTABLE NEWS ABOUT BTC
Bitcoin Price Forecast: BTC Recovers as Trump Steps In to Revive Crypto Legislation Momentum
Bitcoin (BTC) saw a mild recovery, trading around $119,000 at the time of writing on Wednesday, after falling nearly 2% the previous day. This rebound followed an announcement by U.S. President Donald Trump on Wednesday morning, stating that the GENIUS Act is ready to be passed by the House during the legislative “Crypto Week”, sparking optimism in the crypto market. Furthermore, institutional demand continues to grow, with spot Bitcoin ETFs recording over $400 million in inflows on Tuesday, extending the growth streak since July 2.
TECHNICAL ANALYSIS
🧠 Pattern Overview:
The chart clearly displays an Elliott Wave pattern (1) → (2) → (3) → (4) → (5) along with Fibonacci Retracement and Extension levels, helping to identify potential support and resistance zones.
1. Elliott Waves:
Wave (3) was completed around the $122,144 zone and the market is currently in the corrective wave (4).
Wave (5) is expected to move upward with targets at:
• 1.618 Fibonacci Extension: ~$127,404
• Or further: ~$130,747
2. Support Zone (grey area below):
Located around $115,000 – $116,000, which is:
• The 0.5 – 0.618 retracement of Wave (3)
• Aligned with the EMA200 and dotted black trendline support.
If the price falls into this area, it’s highly likely to bounce back and form Wave (5).
3. Danger Zone if Broken:
If this support fails, price may fall deeper to:
• $113,200 (0.786 retracement),
• Or even lower: $111,600 – $111,800
4. Potential Scenarios:
Two main outcomes:
• Continued Uptrend: Price bounces from the support zone and heads toward $127,000 – $130,000
• Breakdown: If the support breaks, a deeper decline may occur, breaking the wave structure.
Follow the channel for continuous and up-to-date analysis on XAUUSD, CURRENCIES, and BTC.
$1.5 Billion ETF Inflows Could Push Bitcoin Price 4% to New ATHBINANCE:BTCUSDT is currently trading at $118,325, facing resistance at the $120,000 level. This resistance is crucial for Bitcoin if it wants to break back to its ATH of $123,218 . The 4.4% gap to reach the ATH indicates potential for growth, but Bitcoin needs to secure support above $120,000 for this to happen.
This week, spot BINANCE:BTCUSDT exchange-traded funds (ETFs) saw over $1.5 billion in inflows , a significant portion of which occurred in the last 48 hours during Bitcoin’s dip.
The influx of institutional money highlights that investors are confident in Bitcoin’s potential despite the market cooling. If this trend persists, it could propel BINANCE:BTCUSDT price upward, as institutional support provides stability.
If BINANCE:BTCUSDT can hold above $120,000 and push past $122,000, it could continue its ascent toward new all-time highs. The current market conditions and ETF inflows support a bullish outlook, with a significant chance of breaking the resistance.
However, the risk of profit-taking remains , which could lead to a price drop. If BINANCE:BTCUSDT faces selling pressure, it could fall back to $115,000 , erasing a portion of recent gains. This would invalidate the bullish thesis, causing Bitcoin to retest lower support levels.
Bitcoin Bullish, but a Correction Might Be AheadHello traders!
Obviously, Bitcoin has a strong bullish momentum.
However, after noticing a minor shift in market structure, we may see a correction toward the 112,000 area.
If the supply area doesn’t break, we can look for a sell position here.
#BTC #Bitcoin