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Bitcoinanalysis

Bitcoin at PRZ! Is This the Calm Before a Drop?As I expected in yesterday's idea , Bitcoin ( BINANCE:BTCUSDT ) started to rise from near the Support line and hit the Target . Bitcoin is trading near the Potential Reversal Zone(PRZ) , the upper line of the ascending channel(minor) , and the Resistance line . In terms of Elliott Wave theory , it seems that Bitcoin has successfully completed the microwave B of the main wave 4 in the ascending channel(minor). A break of the lower line of the ascending channel(minor) could be a sign of the completion of this wave. The corrective structure of the main wave 4 so far could be a Zigzag(ABC/5-3-5) . I expect Bitcoin to drop to at least $100,923 AFTER breaking the lower line of the ascending channel(minor) and breaking the Support line, the next target could be the lower line of the ascending channel(major) . Cumulative Short Liquidation Leverage: $106,943-$105,913 Cumulative Short Liquidation Leverage: $105,525-$104,500 Cumulative Long Liquidation Leverage: $100,763-$99,774 Note: If Bitcoin goes above $105,300, we can expect more pumps. Note: If Bitcoin touches $99,400, we should expect further declines. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
18
BTCUSD Smart Money Play: Order Block Trap Before the Dump?🚨 Bitcoin (BTCUSD) is flashing a textbook Smart Money setup — are you positioned before the move unfolds? This chart reveals a juicy opportunity for traders who understand how to follow Smart Money footprints. Let’s break it down: 📊 Chart Context (30m Timeframe): BTCUSD recently tapped into a significant Order Block (highlighted in purple) — this is where Smart Money typically loads up. Notice how price showed a fake push into the premium zone, but failed to break higher — signaling potential distribution. 📉 Bearish Reaction + Fib Confluence: Price kissed the 61.8% Fibonacci retracement, then sharply rejected — classic sign of mitigation before continuation. The red zone (above 103,700) served as a perfect liquidity trap, where late buyers got baited. 📍 Order Block Zone (OB): Price is stalling just beneath the OB at 103,577, showing signs of rejection. Smart Money often uses this pattern to “tap and trap” — tapping into resting orders before driving price down. 🧠 What’s Really Happening? Retail longs are trapped inside the red box, expecting a breakout. Meanwhile, Smart Money is distributing into that demand before driving price toward the discount zone (marked in green). 🎯 Target Objectives: Immediate target: 103,200 (50% Fib level) Extended target: 102,616 — which aligns with the liquidity void below. ⚡ Risk-Reward Setup: Entry near 103,577 with SL above 103,749 Targeting 102,616 gives an excellent R:R profile You don’t chase Smart Money — you follow their traps, and react with precision. 📌 Trading Plan: Wait for clear rejection or bearish engulfing on lower timeframes at OB Manage risk wisely — even clean setups can be invalidated. Don’t guess. React. Let the market show you intent. 💡 Final Take: This BTCUSD setup is textbook Smart Money Concept in motion: Order Block ➡️ Trap ➡️ Liquidity Grab ➡️ Expansion Whether you short this retracement or wait for confirmation, this is a move you’ll want on your radar. Weekly close could reveal major direction. ✅ Comment “OB READY” if you’re watching this setup! ✅ Save this post for future reference. Smart Money always leaves clues.
CRYPTO:BTCUSDShort
by ChartNinjas88
Bitcoin’s Path to ATH: Final Wave or Just a Pause? Bitcoin ( BINANCE:BTCUSDT ) pumped about +2% after the " The United States has dropped its tariffs on Chinese goods to 30%, down from a brutal 145%, while China is slashing its own duties on US imports to just 10%, temporarily, for the next 90 days. " news, but then started to decline again. Do you think Bitcoin can see the new All-Time High(ATH)? Bitcoin is moving near the Support zone($102,200-$101,680) and Support line . In terms of Elliott wave theory , Bitcoin appears to have completed microwave 3 of the main wave 5 and is currently completing microwave 4 of the main wave 5 . Given the momentum of the decline a few hours ago , I expect Bitcoin to either touch the previous low or create a new low in the 1-hour timeframe . I expect Bitcoin to attack the Support zone($102,200-$101,680) once again and possibly touch the Support line and then attack towards the Resistance zone($109,588-$105,865) with the two scenarios I outlined on the chart . Cumulative Short Liquidation Leverage: $106,943-$105,913 Cumulative Short Liquidation Leverage: $105,313-$104,787 Cumulative Long Liquidation Leverage: $102,198-$101,697 Note: If Bitcoin can move above $104,500 without correction, we can expect more pumping. Note: If Bitcoin falls below $101,500, we can expect more declines. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
21
Bitcoin is still following 2017 run. Surprising things to see As many of you know, I have been referring This cycle of Bitcoin to that of the 2013 ->2017 bull run. And while PA has Fallen off and below the Fractal itself, we do still have one Very Major thing to see and it is a Good one. So, the chart above has an arrow. This is pointing to Sep, Oct, Nov 2024. See how PA pushed up to the "Neckline" of the Range and got rejected for 2 weeks. A Red then Green Candles, on or below that "Neckline" and then Off it went. We are currently just below the "Neckline" of this Range and we are currently printing a Red candle. It is early days but maybe we will repeat the same pattern. There are reasons that I have explained in an earlier post today, that point towards a possible Red candle this week. The other thing I want to show you on this subject is the MACD This is a Daily MACD ( the main chart being Weekly) But while the actual PA of the MACD is different, I want you to see the Histogram. The Histogram shows us the % Difference between the MACD line ( yellow) and its Signal line ( Red) Have a look at the the similarity the histogram pattern in 2024 ( arrow ) compared to this period Now. The Large green Climb from a Low, the fall, the new smaller climb, the drop to Red and then a push higher. OK, so the scale is different but, to me, it shows a similar pattern to the previous end of Ranging period. We need to see if this pays out. If so, we will see a Red Histogram for a while.. This ties in with the ideas presented above on the PA patterns. But overall this cycle, we do seem to be repeating patterns in a broad sense, with a larger scale currently. The larger scale of thispossible Red Histogram also plays into the idea mentioned at the end of this post. So , what is the connection to the 2013 - 2017 Cycle. Look at the upper trendline that has rejected PA since 2024. This is an OLD line of resistance from before 2017... Lets look at a zoomed out chart Look at that Arrow on the Left and that trend line. It is the SAME LINE - Not only that, it rejected PA twice in late 2016 and 2017, before PA broke through and went on to reach a new ATH So, Having seen this, I am happy to believe that we ARE Still following that 2013 -> 2017 Cycle pattern. True, PA has fallen below the Fractel but we do seem to be repeating the Trend line Rejection, Dip, Rejection and........ You can also see how this same trend line, once crossed, is extremely strong support - infact we did not drop back below until July 2022, after another ATH BUT, as ever, I look to BOTH sides and there is a chance we may see a stiffer rejection, IF we get rejected here again. Should events dictate a further Drop in PA, we may see PA return to the next trend line below, around 82K. ( remember that Red Histogram pattern I mentioned earlier ) While this would Scare many, it would still play into the pattern we have been seeing. 2024 saw 3 major Rejections off its Neckline. We have had 2 so far in 2025 and we are there right now, waiting to see what happens, with a RED candle. A Drop back to 82K would also reset the Daily MACD very nicely. I remain Cautious and Bullish what ever happens in the short term, I have little doubt about further pushes higher, maybe a LOT higher
BITSTAMP:BTCUSD
by Orriginal
4
Bitcoin Daily update , MACD & RSI - whats possibility short Term Bitcoin has reached above the next Fib circle. You can see how PA reacts to these by looking back For me, I can see PA sliding down the 618 Circle we currently sit on until we reach that dashed line that shows the lower line of support of the rising channel. We reach that around 17 May if we range sideways, slide along fib circle. It could also be said that the 1.5 "local" Fib extension is what is offering Support here and the same date is used for when PA reached that dashed line of support. Which ever option you choose, PA has support here and we should remain around this area unless the inflation figures released TODAY are not good Why will PA range and not continue to Rise ? RSI is up in overbought This can range high and we need to watch and see if the RSI bounces of its own MA ( yellow line) The Daily MACD is showing a desire to turn Bearish. for the 2nd time, it is curling over and not just pushing higher as previously. This is NOT an over all Bearish signal to me but one that shows that PA is pushing hard against resistance. See how the histogram has reduced in size The 4 hour MACD is still falling Bearish, recovering from the previous pushes. In conclusion The combination of a High RSI and Weakening MACD leads me to think that PA will Range across at best for a while, Till the 4 hour MACD reverses and climbs, Maybe with small Dips and Troughs. If BTC Looses 100K, that is a big mental blow and I think the Bulls will try and avoid this. However There is a possibility that we could drop back to the Low around 82K by the end of this month. I think this is a low possibility and I will post a report on this today but it is Good to look at all possibilities. Long Term still Very BULLISH
INDEX:BTCUSD
by Orriginal
BTC New Update (12H)The upward wave appears to be a complex correction. Price may retrace downward either from this area or from the red box, and then we could see another strong bullish move from Bitcoin starting from the green zone. It doesn’t matter where the rejection occurs | what matters is the green Rebuy zone marked on the chart. In the green zone, we are looking for buy/long positions. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
Bitcoin Breaks Wedge! Correction Coming Before Next Leg? After Trump said in the press conference, " Better go out and buy stocks now ." The SPX500 index started pumping , and as I said in the ideas of the last few days, Bitcoin ( BINANCE:BTCUSDT )'s correlation with this index has increased. Bitcoin also started pumping. Yesterday's Bitcoin pump succeeded in failing the Ascending Broadening Wedge Pattern , generally, if the reversal pattern fails, it will play a continuation role . Bitcoin is moving between the Support zone($100,270-$97,700) and the Resistance zone($109,588-$105,865) . The question is whether Bitcoin will touch the Support zone($100,270-$97,700) again and move towards the Resistance zone($109,588-$105,865) or will it continue its upward trend. In terms of Elliott Wave theory , it seems that Bitcoin has completed microwave 3 of the main wave 5 . We can expect an even Time Correction on Saturday and Sunday when trading volume is low . There is also a possibility that microwave 4 of the main wave 5 in Cumulative Long Liquidation Leverage($101,838-$101,432) will be completed. One of the reasons I think we should wait for a correction is the USDT.D% ( CRYPTOCAP:USDT.D ) chart, which we used as a guide in previous ideas . USDT.D% has reached Monthly Support(1) and a Heavy Support zone(4.73%-4.50%) , which I believe is unlikely to be broken within in first attack , and I expect an increase to the Fibonacci lines on the chart. I expect Bitcoin to start rising again after a correction . Cumulative Short Liquidation Leverage: $105,114-$104,100 Note: If Bitcoin touches $97,500, we should expect further declines. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
59
BTC NEW UPDATE (4H)This analysis is an update of the analysis you see in the "Related publications" section Bitcoin has not yet reached our zone, but it has formed a correction of the same degree as the previous ones and has also created a support area. The diametric pattern could potentially shift into a symmetrical one, and Bitcoin may even reach the 100K–105K zone. We should keep a close eye on the 100K level for now, as it also serves as a psychological resistance. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
Bitcoin Hits PRZ — Reversal or Breakout?As I expected in my previous idea , Bitcoin ( BINANCE:BTCUSDT ) started to rise from the Support zone($95,760-$95,200) . One of the news that pumped Bitcoin was " Arizona Becomes Second U.S. State to Adopt Bitcoin for State Treasury " Bitcoin is trading in the Resistance zone($100,200-$97,700) and near the upper lines of the Ascending Broadening Wedge Pattern , Time Reversal Zone(TRZ) and Potential Reversal Zone(PRZ) . Also, we can see a Regular Divergence(RD-) between Consecutive Peaks. From an Elliott wave theory , it seems we should wait for corrective waves because the Cumulative Short Liquidation Leverage($100,888-$99,826) is very important and I DO NOT expect it to be broken by a single attack . Another point we can pay attention to is the existence of two small CME Gaps , the first CME Gap($98,430-$98,380) is likely to be filled. I expect Bitcoin to drop to at least $98,100 in the coming hours, and if the Support zone($97,900-$97,240 ) is broken, we should expect further declines, so I will label this idea as ''Short' '. Cumulative Long Liquidation Leverage: $98,500-$97,514 Note: If Bitcoin can break the Potential Reversal Zone(PRZ) with the good volume, we can expect a new All-Time High(ATH). Do you think Bitcoin is on track for a new All-Time High(ATH)? Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
19
Bitcoin Breaks Heavy Resistance Zone— But Can It Hold?Bitcoin ( BINANCE:BTCUSDT ) started to rise yesterday as the S&P 500 Index ( FOREXCOM:SPX500 ) opened and it seems like it can break the Heavy Resistance zone($95,950-$88,500 ) this time, but there are still concerns from a technical analysis , so please stay tuned for this analysis . Bitcoin is moving near the Resistance zone($100,200-$97,700) and has broken through the Heavy Resistance zone($95,950-$88,500) with good momentum . In terms of Elliott wave theory , it seems that Bitcoin has completed microwave 3 near the Resistance zone($100,200-$97,700) and we should wait for the completion of microwave 4 . The microwave 4 can be considered a pullback to the Heavy Resistance zone($95,950-$88,500 ). I expect Bitcoin to drop to at least $96,000 and is likely to touch the Support zone($95,760-$95,200) and start rising again, since microwave 3 was with high momentum , it is possible that microwave 5 will even be truncated . The targets I have indicated on the chart can be the target of a long position . If you are looking for a Bitcoin reversal, you can focus on the Time Reversal Zone(TRZ) . The next major pivot will likely be within this time zone . It seems reasonable to open a Long position near the Support zone($95,760-$95,200) , and it can give us a good Risk-To-Reward . What do you think? ---------------------------------------------------- My concerns for Bitcoin's continued bullish trend: Because Bitcoin's correlation with US stock market indices , especially the SPX500 , is higher than in previous weeks, my analysis is that there is a re-correction in the SPX500 index , which could prevent Bitcoin from continuing its upward trend . The Ascending Broadening Wedge pattern is likely to complete, which could cause Bitcoin to fall further if the lower lines of this pattern are broken. If tensions between Pakistan and India increase, it could prevent Bitcoin from growing further. ---------------------------------------------------- Also, Today, the Federal Funds Rate is scheduled to be announced. Let’s take a look at how this decision — along with Powell’s speech — might impact Bitcoin . Be cautious with your positions during the announcement and Powell’s remarks, as markets may become volatile. Holding the rate steady is a signal of monetary policy stability, which could give risk assets like Bitcoin some breathing room in the short term. Given recent U.S. economic data, markets are mainly focused on Powell’s tone during the press conference. If he adopts a dovish stance (hinting at potential rate cuts), this could support Bitcoin’s upward momentum. However, if Powell emphasizes that rates will remain elevated for an extended period, we might see a temporary wave of selling pressure in the market. Stay alert and manage your risk wisely — high-impact events like this can lead to sharp moves in crypto. ---------------------------------------------------- Cumulative Short Liquidation Leverage: $98,511-$97,774 Cumulative Long Liquidation Leverage: $95,966-$95,550 Note: If Bitcoin falls below $94,400, we can expect further declines. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
24
"Bitcoin Analysis" (Update)The price has reached the 0.78 Fibonacci level, and as you can see, there is a low probability that this level will be broken. I expect that, from a technical perspective, the price will form a double top here and then decline to the Fibonacci levels. After reaching the support levels, I anticipate a strong push to GETTEX:98K . Additionally, the tensions from the India-Pakistan conflict could drive the price downward. Stay Awesome , CobraVanguard
Short
by CobraVanguard
Bitcoin Daily - heading towards resistance with strength Bitcoin is continuing to head towards that red 236 Fib circle while being Kept below the 2.618 Fib Extension This could see PA Drop back to the 92K area where it will bump into the Cup shape it has created. This Cup has strength . It has been tested 3 times previously and on each occasion, PA Bounced well off it The overhead resistance and the Daily MACD are two reasons why this may happen As you can see, the Daily MACD is touching its signal line, potentially Bearish but most likely only on a short term basis But we should be ready incase things continue to turn Bearish, as it did before. See the rise in MACD on the left. Not the similarity in the Histogram on both occasions. Today, we have the DXY support group, otherwise known as the FED reserve, announcement on Rates. This could trigger a move in either direction, depending on the choice. Expectation is for Rates to remain unchanged PA has the ability to move in both directions,. We need to wait and see
INDEX:BTCUSD
by Orriginal
Bitcoin Still Stuck in Resistance – Eyes on CME Gaps & USDT.D%Bitcoin ( BINANCE:BTCUSDT ) touched $92,830(first target) and started to rise as I expected in the previous idea . Overall, Bitcoin has been moving in a range for about 12 days . Note : In general, trading in a range market is more difficult than in a trending market . If your performance in a range market is not good, it is better not to trade until the trend is clear (this is just a suggestion). Bitcoin is currently trading at a Heavy Resistance zone($95,950-$88,500) and has failed to break through it, and it seems like Bitcoin needs more momentum to break through this zone. Do you think Bitcoin will finally break through the Heavy Resistance zone($95,950-$88,500)? In terms of Elliott Wave theory , it appears that Bitcoin has completed a five-wave impulsive and we should expect Corrective waves . The analytical conditions of the Bitcoin chart have been a bit ambiguous in the past few days, so it's better to take a look at the USDT.D% ( CRYPTOCAP:USDT.D ) chart to increase the accuracy of Bitcoin analysis . USDT.D% failed to break the Support zone(5.13%-4.95%) after several attacks. It currently appears to be forming an Ascending Broadening Wedge Pattern . It appears that USDT.D% needs to complete this pattern to break the support zone, and if this pattern fails , we should expect further increases =Bitcoin crash . I expect Bitcoin to decline to the Support zone($92,910-$91,414) , 21_SMA(Weekly) and Cumulative Long Liquidation Leverage($93,359-$92,296) and probably fill the CME Gap($92,525-$91,415) this time and then start to rise and prepare to break the Heavy Resistance zone($95,950-$88,500) and fill the CME Gap($97,680-$96,455) . Cumulative Short Liquidation Leverage: $98,989-$97,924 Note: If Bitcoin breaks below the Support zone($92,910-$91,414), we should expect further declines. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
30
BTC New Update (8H)This analysis is an update of the analysis you see in the "Related publications" section In the previous scenario, we considered that Bitcoin was in a diametric where wave E had extended. However, after reviewing the charts and analyzing various scenarios, we decided to revise the wave count as shown in this update, since wave E of the previous diametric scenario became overly extended. You can see the complete wave count of the chart in this update. The correction in Bitcoin started from the point where we placed the red arrow on the chart. This correction was a diametric and ended where the green arrow is placed. From the point where the green arrow is shown on the chart, Bitcoin's bullish wave has started, which is either wave A or W. According to this scenario, the expected rejection zone should be between 98K and 103K. The lowest-risk area for price rejection is the red box. A daily candle close above the invalidation level will invalidate this analysis. Let’s see what happens. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
BTCUSD – Discount Zone Play | Long Setup Loading📉 BTCUSD – 15-Minute SMC Breakdown | May 3, 2025 Bitcoin is cooking up something spicy inside this discount zone. All the ingredients are there for a bullish reversal — we just need the final confirmation to execute the long. 🧠 SMC Breakdown: POI Identified: Price has broken into a key OB discount zone (61.8%–79%), tapping 70.5% and chilling near the 79% fib retracement. Weak High: Noted above at ~96,950 – a liquidity target ready to get swept. Price Structure: Series of lower highs and lows forming bearish structure, but no momentum break yet. We're in accumulation range. 🎯 Entry Criteria (Potential): Wait for CHoCH (Change of Character) on lower timeframes (e.g., 1min or 5min) to confirm reversal intent. Ideal entry = bullish engulfing or BOS from within the 70–79% zone SL = below 95,900 (clear invalidation level) TP = Weak High → 96,950+ RR Potential = ~1:5+ 📌 Why This Matters: Price is deep in premium vs. discount logic. Smart Money loves entries in the 70–79% retracement zones — it’s the sniper's nest. That Weak High = unfinished business. Expecting bullish expansion if this zone holds. 📊 Pro Tips: Wait for confirmation, don’t blindly buy in the zone. Look for signs of absorption or bullish reaction candles. Always map invalidation level BEFORE entering. 🔥 Final Note: This is the “load-the-clip” zone for Smart Money. No hype, just structure. If BTC reacts here, we could see a clean 1:5 RR into that Weak High. 💬 What do YOU think happens next? 💾 Save this setup – it’s textbook. 🔁 Share this with your trading squad & don’t miss the next wave.
CRYPTO:BTCUSDLong
by ChartNinjas88
Bitcoin Daily Bullish CUP pattern but with resistance coming in Please excuse the number of lines here but this is my working chart and I am short of time but I wanted to share this. Bitcoin Daily has printed a Bullish CUP and is back on the Rim but we have still to reach the edge of the Cup, which is expected around 15th May, 10 days. When PA entered thhis Cuo, it also ranged sideways for a while..... Something that PA has to face in the near future is that red 236 fib circle. And PA may be already reacting to that. Look to the left and see what happened last time we hit a red 236 fib circle. I think we are in a stronger position this time though but a Drop to the Long term rising trend line is a very real possibility That is around 92K - > 87K -Not a Major drop and it would actually play into the Bulls hands by resetting the Daily MACD that is already beginning to turn slightly Bearish This is NOT a reason to PANIC or Sell but is more an opportunity, maybe the last one, to Buy BTC at around this price. I think a drop back down to the 2.272 Fib extension at 77K is highly unlikely but we should have a plan should this happen. We do have the DXY support group, sorry, THE FED announcing the Next decision of Rates on 7th and it is very likely that PA will Drop till then, slowly hopefully, resetting the MACD as previously mentioned, and then push through that 236 Fib circle after the continued Freeze on Rates is announced. We have to wait and see......
INDEX:BTCUSD
by Orriginal
"Bitcoin Analysis" (Update)Here's what I can gather from the chart right now: The Minor Resistance zone has been strongly broken to the upside; we haven't seen good pullbacks to this level yet. On the other hand, below the broken zone, there's a price gap toward the FVG, as indicated by the arrow. Also, the pullback to the breakout level at 0.382 has not been completed, and no patterns have formed in that area! So? When we analyze all the breakout factors, we see a very high chance of a correction. Now, this correction could start from the confirmation level at 96,364, or with an overextension, it could happen from the 98k zone. Stay Awesome , CobraVanguard
Long
by CobraVanguard
1
BITCOIN 3 x Double Top, Dip, Range, Bounce since Jan 2023 The Chart says it all really. The 3 times PA has gone sideways, it can be seen as a Double Top, Dip and Range. The Accumulation / Distributions was similar on Both previous occasions ( 2023, 2024 ) and, so far, are also very similar on this occasion in 2025. But there are some major differences....... IF these were to be seem as forms of WYCKOFF Ranges, then the longer the Range period, the stronger the move higher after and I find it very clear, that the move higher after the 2023 range was a lot higher than the move higher after the 2024 Range 2023 Range was approx 189 days ( marked on a Weekly chart so up to 7 days inaccuracy ) 2024 Range was approx 168 days. Currently, we are on 147 days. ( I mark this as a significant date as there was a 20 day difference between 2023 ane 2024 and the 147 is 20 days short of the 2024) However, this is slightly different this time as we Dropped out of original Range box and have Just pushed back higher into original range Box, so, even though we have had a good few weeks, we are still in Range, the Original Range Box On the original Chart, the dotted line just below PA is the approx line of the 50 Week SMA and we bounced off that Twice in 2024 to push higher and we just bounced off that again to return to original range box. But as you can see, that was only a Wick down. It may not have been a Full on bounce to take us out of the upper range box and I see Momentum slowing for a while now This also happened on previous occasions but on a smaller scale. This can be seen better on the Daily chart, that includes the SMA's SMA's 50 Red, 100 Blue, 128 Green & 200 Yellow The first thing to note is how the 200 is about to cross the 100 This is NOT a thing to panic about as the recent push higher will not be reflected in these Averages for a while but it does show the Depth of the Dip we just came out of. What IS important is how PA is ABOVE the Averages.. But the Candle size are small and we are cooling off on a Daily MACD We are NOT overbought on this MACD yet and so we could see a turn higher but Longer term, so long as we remain in the upper Range Box, it would be good if this cooled off to Neutral again For me, I am hoping for a GREEN MAY candle Close and that could very well happen but the candle may not be Large, which leaves PA still in this Range by month end, but maybe in the upper edges of it....around 110K This would then allow for the possible Small RED June, that would take PA back to lower range. as we saw in 2020 - .THEN we have a nice cooled PA OR we could just go for it NOW and see what happens as we did in 2017 it is impossible to predict this but we can be ready .. BUY BOTCOIN - HOLD BITCOIN
BITSTAMP:BTCUSD
by Orriginal
Bitcoin Range-Bound in Heavy Resistance – CME Gap Still Open!Bitcoin ( BINANCE:BTCUSDT ), like Gold , has been moving in a Range for the past 5-6 days and is currently in a Heavy Resistance zone($95,950-$88,500) , as it has been in the past few days . In terms of Elliott Wave theory , Bitcoin appears to be completing a main wave 4 . The main wave 4 structure can take two forms: Double Three Correction(WXY)_Expanding Flat(3-3-5) . I label this analysis " Short " for the following reasons: Due to Bitcoin's higher correlation with the S&P 500 Index ( SP:SPX ) these days, I am short on the S&P 500 Index. China’s president Xi Jinping says Trump lied about them having a phone call ; it is NOT good news for the S&P 500 Index and Bitcoin . CME Gap($92,525-$91,415) has NOT filled yet, and I think Bitcoin will NOT start the next bullish rally before filling the CME Gap. I expect Bitcoin to drop to at least $92,830 and then decline to the Support zone($92,000-$91,400) if the Support lines are broken. Cumulative Short Liquidation Leverage: $96,741-$95,520 Note: If Bitcoin can touch $97,000, we should expect more pumping. Note: If Bitcoin goes below the 100_SMA(Daily), we should expect a fall. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
36
Brief BITCOIN Weekly synopsis - BULLISH sign everywhere BLUE DASHED LINE = Current ATH Bitcoin did Drop below the lower trendline of the ascending channel it has been in since Jan 2023 but it made a sustained recovery since that moment and continues to climb as sentiment returns. One of the main resons for this, as I have repeatably mentioned, is the Weekly MACD. This bounced a little Earlier than expected, possibly due to falling out of the channel and the Bulls stepping in to pull it back. But as you can see, We have yet to cross over the Signal line and so, Yes, the possibility of this being a bull Trap does exist but I am not inclined to believe this. We have had 4 weeks of recovering Histogram, showing Strength behind the move. The RSI is also Bullish having just crossed above its own MA ( Moving Average ) This turned Bullish while still around 44, so NOT oversold by any means but still with plenty of Room to climb higher. Again, Signs of a sustained Rise are in play There are some Stiff lines of resistance above and we will start encountering them from 98K usd ( very soon ) and will remain till around 112K usd These are IMMINENT For me, we may not make it first time out but one VERY Bullish thing is that we did bounce of the 50 SMA once again 50 SMA RED - 100 Blur - 200 Yellow On the chart shown here, that rising trendline is around 112K The Green area to the right is a projected ATH zon. PA should rise above this to reach cycle ATH Should PA get rejected off the overhead resistance and fall back lower, the 60 SMA sits around 85K I would be amazed if that happens BUT anything is possible and we wait to see how Strong MAY is going to be. Over all, the next 7 Months WILL be memorable.
INDEX:BTCUSD
by Orriginal