BITCOIN trade ideas
#202517 - priceactiontds - weekly update - bitcoin
Good Evening and I hope you are well.
comment: Very bullish breakout on Tuesday, now bears last hope before 100000 is if maybe prior support has turned resistance. I marked the area with the red box. How likely is it? Very unlikely. Much more likely is a measured move up which could lead to 101000ish.
current market cycle: weekly chart says continuation of the bull trend but i highly doubt it. much more likely we are in a big trading range 73000 - 110000
key levels: 85k - 100k (if bears somehow manage to get below 85k again, we test 80k next)
bull case: Big breakout above 90000 and now 100000 is the obvious next target. The lowest measured move up I can see is 101000 but I want to see market reaction around 100000 first before I look for higher targets. Bulls are in full control of this but any pullback should stay above 88000.
Invalidation is below 88000.
bear case: Bears gave up on Tuesday and I think more will wait for 100000 and see if bulls take profits there before initiating new shorts. Until bears can get a daily close below 88000 again, they don’t have much.
Invalidation is above 101k.
short term: Neutral but bullish above 96k on good momentum for 100k. No shorts until bears show strength again.
medium-long term - Update from 2025-04-13: Bear targets for this year are met. Now we likely range before we get new impulse to either side. I wait for market reaction around 100000 before I write more here. For now my assumption is still that this will be a trading range 73000 - 100000 for longer than a retest or even new highs.
What if I show you Bitcoin is at end of 1st cycle only ?
The Chart above involves TWO things we may need to pay attention to.
There is so much involved in this and I could go on for hours because, for me, this opens the door to so many things for Bitcoin.
And I am now looking at this past 14 years as the "Beginnings".
And we need to wait and see Where we go next before we label that
So..
What do we have here.
The ARC of Resistance. - I have talked about this before. Simply put, PA on every ATH since 2011 has been rejected by the same line / Arc - This needs no more than the Arc on a chart to see...
It is as simple as that.
Beneath this, we have that Dashed line of Support that has Never been Broken. Created off a High in 2011, it got retested as support in 2015 and not again until 2023.
Between these two points, you will notice how that Arc of resistance was at its furthest points from the line of support below.
It is like the Beginning and End of a sequence.......
The next thing we have is a Very interesting thing called the Trend-Based FIB Time.
It is important to understand what this is, So ;-
Trend-Based Fib Time is a technical analysis tool that uses the Fibonacci sequence to predict probable price corrections within an existing trend. It is represented by vertical lines at specific time intervals that show potential areas where a swing high, low, or reversal could occur. These intervals are based on the Fibonacci sequence and are not concerned with price levels but rather with time. The tool helps traders identify how far a wave is likely to travel in the trend.
Note what is in Bold there.
And then look at the chart..It clearly shows us, where PA touched that line of support twice, the Cycle / Wave. The RED zones. And between these was the Trend. The over all Gain in price, over Time.
We have 3 Waves in total. The 3 ATH to ATH from 2017 to now
To further support this idea, see how PA did not come down to the Line of support between the 2017 - > 2021 ATH's
That was MID CYCLE - Strength
And so now, while we all wait for the next push up, I want to show you a zoomed, Daily version of this chart
The Current ATH we have was absolutely on the day of the END of this Fib Time cycle.
I promise you I did not "Adjust this to suit." That was the genuine result.
And I was Stunned.
And more than that, This image also very clearly shows us that Time and Room is running out for PA.
It faces the strongest lines of Support and resistance it has ever faced and these lines reach an apex in Dec.....
PA ALWAYS REACTS BEFORE THE APEX
So, What is Next ?
The chances of Bitcoin crashing to the Floor are highly unlikely unless all the corporations that have been buying BTC, decide to sell them all at the same time.
This IS a possibility ONLY if they are working with the TradFi banking organisations, that tried to Crash BTC in 2022 / 2023
OK OK, that involves ridiculous amounts of Losses for many ..so..NO
BUT PA IS GETTING SQUEEZED
And so we wait....and Wait till we see Bitcoin PA break out, Enter a Brand New Trend..a Long Term Cycle.....and we may call it Adulthood.....
Or, we will have a Story to tell our Grandchildren about a Dream of breaking Free of Banking that Came Oh so Close
I cannot wait to see what happens Next - and I am HODL
Thoughts latelyI was waiting for 75 or arround, lost my entrance, i was occupy by my other job; so the purple zone are levels in that zone that i've been watching, price bounce on top and has been carrying the run, it also cross an other support and currendly still above the trend line, I kept my position on hold due to my simple EMA's almost crossing, they spread apart on the last days; if on the following days holds above the trend, that would put us on a good bull to ride.
cheers!
Bitcoin Alternate Bearish CountsThere are quite a number of things I don't like about this count, but then as I've mentioned before, I always keep 2 counts and this will serve as a reference for a bearish scenario.
In terms of risk-reward, for the purpose of trading, I actually favor this count because the stop loss is clear. Sometimes, I trade the alternate count because the risk is much lower than the primary count and a mistake (i.e. loss) can be recovered by flipping the trade direction when I'm stopped out. However, such trading is very involved and active and not recommended for everyone.
Good luck!
Bitcoin Long: Cycle level Wave 5, Primary level wave 5 of 1Over in this video, I discussed the big picture level for Bitcoin and labelled Cycle level waves. I touched on my wrong calls for shorts of Bitcoin and I also went through the updated bullish wave counts.
Big picture wise, I expect Bitcoin to break new high and move to $143,000 as my main price target.
BTC retesting its cup and handle SupportThe weekly BTC chart shows a perfect cup and handle in play.
The price is retracing after breaking the $74k resistance area in Nov 2024.
Once the price reaches, the now support, and bounces from $72-74k area we can enter long positions.
Previously it took 6 weeks to reach ATH $109K
We can expect BTC to reach $110k approx. in 2 months time once it reverses from the support $72-74k
And the rest of the 2025 may be Bullish taking us to new ATH
BTCUSD What Next? SELL!
My dear friends,
Please, find my technical outlook for BTCUSD below:
The price is coiling around a solid key level - 94068
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 89586
Safe Stop Loss - 96518
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
Resistance Test: Close Longs and Wait for SetupsWe've reached the zone from where a strong sell-off started back at the end of February. This area is now acting as resistance, and as we approach it, it makes sense to lock in longs — if you were holding any.
I’m not planning to short on a potential pullback; I'd rather wait for a deeper correction and then look for new long setups. The asset remains in an uptrend on the weekly chart, and as long as we stay above 74,500, I don't see any reason for confident short trades.
📝Trading Plan:
Long entries:
1. After a pullback — watching for bullish candlestick confirmations.
2. On a strong breakout above 96,300.
BTCUSD: Will Go Up! Long!
My dear friends,
Today we will analyse BTCUSD together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 94,137.25Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 94,804.43.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
btcusdAh, you're likely interested in liquidity in the context of this Bitcoin chart! Here's what we can infer about potential liquidity based on your setpoint:
* Above the Resistance Zone (around 95,878): The red resistance zone often coincides with areas where sellers are likely to have limit orders placed. If the price breaks above this zone, it could trigger those orders, leading to a burst of selling volume and potentially a sharp move downwards. This area could represent a pool of sell-side liquidity.
* Below the Support Level (around 93,919): Similarly, the black support line might attract buyers looking to enter the market or add to their positions. If the price breaks below this level, it could trigger stop-loss orders from buyers, resulting in significant selling pressure and a rapid price decline. This area could represent a pool of buy-side liquidity.
* Areas of Consolidation: The sideways price action within the range defined by your support and resistance levels suggests periods where buying and selling forces are relatively balanced. These periods can build up liquidity as more orders accumulate within that range. A breakout from this consolidation could then trigger a significant move as this built-up liquidity is absorbed.
* "BUY" Signals and Liquidity: Your "BUY" signals might be strategically placed to anticipate moves that could tap into existing liquidity. For example, a buy signal near the support level could be aiming to capitalize on a bounce driven by buy-side liquidity.
In essence, your support and resistance levels are key areas to watch for potential liquidity grabs. A break beyond these levels could indicate a significant influx of volume as resting orders are triggered.
Keep an eye on how the price interacts with these zones and any significant volume spikes that might confirm the triggering of liquidity.
Is there a specific type of liquidity you're interested in, or perhaps how to trade around these levels?
btcusd Ah, you're likely interested in liquidity in the context of this Bitcoin chart! Here's what we can infer about potential liquidity based on your setpoint:
* Above the Resistance Zone (around 95,878): The red resistance zone often coincides with areas where sellers are likely to have limit orders placed. If the price breaks above this zone, it could trigger those orders, leading to a burst of selling volume and potentially a sharp move downwards. This area could represent a pool of sell-side liquidity.
* Below the Support Level (around 93,919): Similarly, the black support line might attract buyers looking to enter the market or add to their positions. If the price breaks below this level, it could trigger stop-loss orders from buyers, resulting in significant selling pressure and a rapid price decline. This area could represent a pool of buy-side liquidity.
* Areas of Consolidation: The sideways price action within the range defined by your support and resistance levels suggests periods where buying and selling forces are relatively balanced. These periods can build up liquidity as more orders accumulate within that range. A breakout from this consolidation could then trigger a significant move as this built-up liquidity is absorbed.
* "BUY" Signals and Liquidity: Your "BUY" signals might be strategically placed to anticipate moves that could tap into existing liquidity. For example, a buy signal near the support level could be aiming to capitalize on a bounce driven by buy-side liquidity.
In essence, your support and resistance levels are key areas to watch for potential liquidity grabs. A break beyond these levels could indicate a significant influx of volume as resting orders are triggered.
Keep an eye on how the price interacts with these zones and any significant volume spikes that might confirm the triggering of liquidity.
Is there a specific type of liquidity you're interested in, or perhaps how to trade around these levels?
Bitcoin's next targets are 140K and 250K !This analysis is an update of the analysis you see in the "Related publications" section
Are Bitcoin's mid-term targets still valid?
First of all, please review the previous analysis
In our last analysis, we mentioned that if there was any drop, it would likely be towards the resistance line that had been broken, and we identified the pullback zone around the 77K channel.
Now, based on the available data, the pullback has been successful, and Bitcoin's target is to move toward the 130-140K range. A 3D pattern has formed, and the third drive could complete within this range, after which Bitcoin may enter a corrective phase.
But what about the second target | 250K?
Why are we considering this target? There are several reasons:
First, the bullish wave in gold was preventing capital from flowing into cryptocurrencies, especially Bitcoin. Now, gold is reaching the end of its bullish wave, which could lead to significant liquidity flowing into crypto and Bitcoin.
Second, Bitcoin's channel structure remains very bullish. If substantial liquidity enters the market, not only could the 250K target be achieved, but Bitcoin might even reach higher levels.
BTC showing a Bull Flag PatternBTC showing a Bull Flag Pattern if this pattern works we can see BTC retest level at 105k for now btc must hold support area at 92k level
A bullish triangle breakout above resistance could signal further upward movement
Conclusion:
Bullish Outlook: If Bitcoin breaks through the $95,000-$100,000 resistance, it could continue moving toward $110,000 and higher, assuming volume remains strong.
Bearish Reversal Risk: If Bitcoin fails to maintain momentum and drops below the support zone around $90,000, a pullback toward $80,000 or lower could be likely.
With Bitcoin trading at $93,852, this represents a significant price level. Let’s dive into a technical analysis based on this new price point. Here's how we can break it down:
1. Price Action Overview:
Current Trend: Given that Bitcoin is trading above $90,000, it’s in a very strong bullish phase (assuming this price is recent and not a flash spike). Bitcoin has likely been in an uptrend for some time if it's at this price point.
Price History: Look back at recent highs and lows. Is $93,852 a new all-time high? If so, it may suggest a continuation of the bullish trend or a potential retracement (correction).
2. Support and Resistance Levels:
Support Levels:
$85,000 - $90,000: This could serve as a near-term support level, as psychological levels tend to hold. Watch for price action around this level to see if it holds.
$80,000: A previous significant level, possibly acting as a major support.
Resistance Levels:
$95,000 - $100,000: These could be the next key resistance levels. If Bitcoin has not yet reached $100,000, it’s likely to encounter some selling pressure around this psychological threshold.
All-Time High: If this is the highest price Bitcoin has reached (or is close), it may face resistance as traders take profits.
3. Technical Indicators:
Moving Averages (MA):
50-Day MA: If Bitcoin is above the 50-Day Moving Average (likely the case if it’s at $93,852), this indicates a short-term bullish trend.
200-Day MA: If Bitcoin is significantly above the 200-Day MA (possibly $50,000–$60,000, depending on the trend), this suggests that the long-term trend is still bullish.
Crossovers: If the price is above both MAs, the trend is solidly bullish. A potential golden cross (50MA crossing above the 200MA) would further validate this upward trend.
Relative Strength Index (RSI):
RSI at 70 or above: If the RSI is near or above 70, Bitcoin may be entering overbought territory. This could signal that the price might face some retracement or consolidation.
RSI at 50-70: This indicates healthy momentum, and Bitcoin is still in an uptrend without signs of being overextended yet.
MACD (Moving Average Convergence Divergence):
Bullish Crossover: If the MACD line is above the signal line, it indicates positive momentum and buying pressure.
Bearish Crossover: If the MACD crosses below the signal line, it may suggest a slowdown or potential pullback. Look for any divergence between price and MACD, as it may signal an upcoming reversal.
Volume:
Increasing Volume: If Bitcoin is moving up with increasing volume, this suggests strong market participation, which is a good sign for the uptrend continuing.
Decreasing Volume: If volume is tapering off during an uptrend, this might indicate weakening momentum, and a reversal or consolidation might be coming.
4. Chart Patterns:
Bullish Continuation Patterns:
Look for bull flags or ascending triangles. These patterns indicate that after a period of consolidation, Bitcoin might continue its upward trajectory.
Reversal Patterns: If Bitcoin is forming head and shoulders, double top, or bearish divergence with high RSI, that could signal a potential reversal or correction in the near future.
5. Sentiment and Market Conditions:
Fear and Greed Index: If the Fear & Greed Index is in the “Extreme Greed” zone, this might indicate that the market is overbought, and a short-term correction could be on the horizon.
On-Chain Data: Look for any data showing whether large players (whales) are buying or selling at these levels. If whales are accumulating, it might suggest continued bullishness.
6. Potential Price Targets:
Upside Potential:
$95,000 - $100,000: This is likely the next resistance zone. If Bitcoin breaks through this range with strong momentum, it could be headed towards $110,000 or even higher, depending on how the market reacts.
Downside Risk:
$85,000 - $90,000: These levels might act as strong support. If Bitcoin breaks below $90,000, the next level of support would be around $80,000.
If it falls below $80,000, this would signal a deeper correction, and we would need to watch for further support at $70,000 and $60,000.
7. Fundamental Factors to Consider:
Global Market Sentiment: Bitcoin’s price is often influenced by traditional financial markets, especially during macroeconomic events (inflation data, interest rate changes, etc.). Pay attention to how equities, gold, and other assets are performing, as Bitcoin often moves with these.
Regulation News: Any regulatory developments, especially in the US or Europe, can have a major impact on Bitcoin’s price.
Institutional Adoption: News of large institutions or corporations adopting Bitcoin can drive the price higher. Similarly, any reports of significant sell-offs by large holders can trigger a downward price movement.
BTC LONG IDEATimeframe: 1H⏰
Analysis:
• BTC is consolidating after a strong bullish move. 📈
• The market structure remains bullish, with a high probability of continuation to the upside. ✅
• A bullish flag/channel pattern is forming. 🏳️🌈
• Strong support is located around 93,700. 🛡️
Key Zones:
• Support zone: 93,700 🧲
• Resistance zone: 95,000 → 96,500 🎯
Idea:
• Price action currently shows a bullish bias. 🔥
• Watching for a breakout or a potential retest without structural break. 🧐
• Momentum is building, supporting further upside movement. ⚡