TradeCityPro | Bitcoin Daily Analysis #142👋 Welcome to TradeCity Pro!
Let's get into the Bitcoin analysis. Yesterday, Bitcoin continued its correction and we need to see what is going to happen in the market today.
📅 Daily Timeframe
First, let’s take a look at the higher timeframe. On the daily chart, that curved upward trendline we had was broken by yesterday's candle, and the breakout candle had high volume.
✔️ For now, I don’t consider this trendline as broken and I’m waiting to get confirmation of the break.
🔍 Currently, the price is in a correction phase, and this correction is quite natural since the price had very low volatility for a long time and was stuck below the 120000 zone.
💥 But no trend reversal has occurred yet. In my opinion, as long as the price is above the 110000 zone, the trend is bullish, and I will consider the trend reversal confirmed only if a lower high and a lower low below 110000 are formed.
⏳ 4-Hour Timeframe
Yesterday, the corrective movement of the price continued, and after a pause at the 0.5 Fibonacci level, another bearish leg formed down to the 0.618 zone.
🔔 The RSI oscillator also entered the oversold area and then exited it again. I believe there’s a high possibility that until the end of the week, Bitcoin will range in these areas and the probability of a bullish or bearish move is much lower.
🔽 However, if the 0.618 Fibonacci level breaks, the price can move to lower areas like the 111000 zone. I think the likelihood of this happening in the future is high because that zone is a strong PRZ, and at the same time, it counts as a pullback to the 110000 zone.
📈 In the bullish scenario, if the price is supported from this area and starts to move upward, since we currently have no highs below the 116000 zone, we need to wait until the first bullish leg is formed and then enter on the second leg after the new high is broken.
⚡️ For now, I’m not opening any short or long positions. I prefer the price to form more structure so I can make a more comfortable decision.
❌ 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.
Crypto market
Bitcoin Wave Analysis – 1 August 2025- Bitcoin broke the pivotal support level 115000.00
- Likely to fall to support level 110000.00
Bitcoin cryptocurrency recently broke below the pivotal support level 115000.00, coinciding with the 50% Fibonacci correction of the sharp upward impulse from the start of July.
The breakout of the support level 115000.00 strengthened the bearish pressure on Bitcoin.
Given the bearish sentiment seen across the cryptocurrency markets today, Bitcoin can be expected to fall to the next support level at 110000.00 (former resistance from May and June).
Take profit is more important than a stop lossAre you actually in profit, or just delaying your next loss?
How many times have you watched your gains vanish because you wanted more?
Maybe it's time to stop fearing losses and start planning exits.
Hello✌️
Spend 3 minutes ⏰ reading this educational material.
💸 Why Most Traders Lose Profits They Already Had
Most traders obsess over stop losses but never define where they'll take profits. Imagine entering a great trade, watching the price go up, then suddenly it pulls back and you're out with nothing. That happens because you didn’t define your win.
A well-placed take profit acts like a contract with your future self. It secures your gain before the market decides otherwise.
📉 No Take Profit? Say Hello to Unnecessary Losses
Failing to set a take profit is basically handing the market a free ticket to reverse your gains. Especially in the highly volatile crypto space, a missed exit often turns into a regretful stop out. So while everyone is talking about stop losses, you should focus on where the money is actually made.
🧮 A Clear Profit Target Creates a Clear Mind
Having a defined profit target gives your mind a place to rest. It brings structure and removes hesitation. This peace of mind is something new traders lack, which often leads them to close early or hold too long.
🧠 Greed Is the Real Enemy of Your Gains
Greed whispers "Wait, it might go higher"
But when you don't have a take profit plan, that whisper becomes your worst advisor. Pro traders map their exits before entering, while amateurs dream of riding forever.
🛡 True Capital Protection Begins with Profit Protection
If you're aiming for safe capital in crypto, it's not just about minimizing losses. It's about securing wins. Beginners often build their whole plan around stop loss. But advanced traders fear losing profits more than they fear taking a hit.
🎯 Take Profit Is Your Emergency Exit Plan
Setting a profit target is like having an escape route during a fire. Without it, you’ll panic when things turn. Crypto markets are full of pump traps. Your profit is only real when you actually take it.
🚪 Exit Strategy Matters More Than Entry
Everyone talks about entries, but it's your exit that defines whether your trade ends in green or red. Many traders nail the perfect entry but without a clear exit plan, they hand back their profits. Prioritizing your take profit is not optional. It’s essential.
🔁 Managing Gains Is Managing Emotions
Without a defined exit, every candle can shake your decision-making. But when your take profit is set in advance, emotions can’t hijack your strategy. You’re following a plan, not a feeling.
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In the world of trading, the right tool means the right decision. TradingView offers powerful tools that help you manage not just your stop loss but more importantly, your take profit targets. With tools like Price Range and Long/Short Position, you can easily visualize where you entered and where you need to exit before greed pulls you deeper.
The Fibonacci Extension tool is especially valuable during bullish runs. It allows you to map out realistic and strategic profit levels like TP1, TP2, and TP3. These targets can then be paired with horizontal lines or alerts within TradingView’s chart system.
Even if you're using a free TradingView account, a simple custom Pine Script can help set alerts when your percentage targets are hit so you can scale out or lock in profits instead of emotionally reacting to price movement.
Using these tools practically empowers traders to build real-world strategies and take control of their exits, not just their entries. That’s the real edge.
📌 Final Takeaway
A clear, well-placed take profit protects both your money and your mind. Don’t let your wins dissolve into losses. With the right tools and the right mindset, you don’t just survive the market, you beat it. Start managing your profits today, not just your losses.
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BTC Double Combo CorrectionFollowing a failure to maintain support at several critical technical levels, Bitcoin now appears vulnerable to a potential decline toward the ~$111,000 region. This projection is derived from an Elliott Wave corrective structure identified as a WXY Double Combination. The initial leg of the pattern features an ABC correction terminating near the 0.618 Fibonacci extension, thereby establishing the W pivot. This is succeeded by the X pivot, followed by a sharp, impulsive decline forming the Y wave.
By applying a trend-based Fibonacci extension across the W, X, and Y pivots, we can estimate the probable termination point of the corrective sequence—typically extending into the 1.0 to 1.1 Fibonacci range.
This move is anticipated to unfold over the weekend, potentially presenting a strategic buying opportunity, contingent on a favorable reaction at the projected low. Sunday evening may offer optimal conditions for entry, as traditional market participants—limited to weekday trading—could miss the initial dip, subsequently being compelled to re-enter at elevated price levels.
Possibility of Ethereum moving toward the \$3,330 price range.Considering the breakout of the 4-hour channel and confirmation of the downtrend, reaching the \$3,330 level is not out of the question.
This target was derived using a pattern-based projection from the channel breakout.
I’ve personally taken this position, but I’m not recommending it — just sharing for informational purposes.
Toncoin TON price analysis💎 CRYPTOCAP:TON didn’t become a legend over the past 9 months — but at least our correction target of $2.30–2.50 played out with precision.
While most of the crypto market is currently going through a correction, #Toncoin keeps pushing upward. Still, we remain realistic:
🎯 First target: $5.40–5.80
🎯 Second target: $8.00–8.20
🚀 It’s not a “to the moon” scenario, but a potential 2x–3x from current levels is attractive.
The key support level OKX:TONUSDT remains at $3.00 — as long as it holds, the bullish trend remains valid.
Momentum Continuation after Structural BreakdownHey Candle Fam,
We’re eyeing a clean short setup on SOL after structure broke down and buyers failed to hold key levels. Time to fade the bounce and let the market do the work.
🔥 SOLUSDT.P TRADE IDEA 🔥
Bias: Short
Strategy: Momentum Continuation after Structural Breakdown
Entry: 169.50 – 171.80
Stop Loss: 174.60
Take Profits:
▫️ TP1: 165.10
▫️ TP2: 161.30
▫️ TP3: 158.00 (extension target)
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📊 Rationale:
– HTF structure: Sharp retracement from $215 top, lower highs forming
– LTF structure: Breakdown confirmed, no bullish CHoCH present
– Liquidity targeting: Clean sweep zones below $165 and $160
– Order flow: Sell-side delta dominance, funding positive = longs could unwind
– Volume profile: Imbalance between $172–175 now acting as rejection zone
🎯 Idea: Look for a minor pullback to $170–172, then ride downside liquidity flush. Protect profits fast if market spikes unexpectedly.
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🧠 Stay sharp. Trade smart. Let the market come to us.
Candle Craft | Signal. Structure. Execution.
BTCUSD 8/1/2025Come Tap into the mind of SnipeGoat as he gives you a Full Top-Down Analysis of Bitcoins Price Action as we come into the month of August. What is Price doing? Where is Price going? Come get the answer here!
_SnipeGoat_
_TheeCandleReadingGURU_
#PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #PreciseLevels #ProperTiming #PerfectDirection #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategy
Bitcoin: New All-Time High — What’s Next?Bitcoin had an incredible run, breaking the old all-time high ($111,980) with strong bullish momentum and setting a fresh ATH at $123,218 (Binance). We just witnessed the first major corrective move of ~6% and a decent bounce so far — but the big question is:
What’s next? Will Bitcoin break higher over the summer or form a trading range here?
Let’s dive into the technicals.
🧩 Higher Timeframe Structure
May–June Range:
BTC was stuck between $110K–$100K, forming an ABC corrective pattern. Using trend-based Fib extension (TBFE) from A–B–C:
✅ C wave completed at $98,922 (1.0 TBFE)
✅ Upside target hit at $122,137 (-1 TBFE)
Full Bull Market TBFE:
➡️ 1.0 → $107,301 → previously rejected
➡️ 1.272 → $123,158 → recent rejection zone
Pitchfork (log scale):
➡️ Tapped the upper resistance edge before rejecting.
Previous Bear Market Fib Extension:
➡️ 2.0 extension at $122,524 hit.
2018–2022 Cycle TBFE:
➡️ 1.618 at $122,011 tapped.
Macro Fibonacci Channel:
➡️ Connecting 2018 low ($3,782), 2021 ATH ($69K), 2022 low ($15,476) →
1.618–1.666 resistance band: $121K–$123.5K.
✅ Conclusion: Multiple fib confluences mark the $122K–$123K zone as critical resistance.
Daily Timeframe
➡️ FVG / Imbalance:
Big daily Fair Value Gap between the prior ATH and $115,222 swing low.
BTC broke the prior ATH (pATH) without retest → a pullback to this zone is likely.
Lower Timeframe / Short-Term Outlook
We likely saw a completed 5-wave impulse up → now correcting.
The -6% move was probably wave A, current bounce = wave B, next leg = wave C.
➡ Wave B short zone: $120K–$121K
➡ Wave C target (1.0 TBFE projection): ~$113,326
➡ Confluence at mid-FVG + nPOC
Trade Setups
🔴 Short Setup:
Entry: $120,300–$121,000
Stop: Above current ATH (~$123,300)
Target: $113,500
R:R ≈ 1:2.3
🟢 Long Setup:
Entry: Between Prior ATH and $113,000
Stop: Below anchored VWAP (~$110,500)
Target: Higher, depending on bounce confirmation.
🧠 Educational Insight: Why Fibs Matter at Market Extremes
When markets push into new all-time highs, most classic support/resistance levels disappear — there’s simply no historical price action to lean on. That’s where Fibonacci extensions, channels, and projections become powerful tools.
Here’s why:
➡ Fibonacci extensions (like the 1.272, 1.618, 2.0) help estimate where trend exhaustion or profit-taking zones may appear. They are based on the psychology of crowd behavior, as traders anchor expectations to proportional moves from previous swings.
➡ Trend-Based Fib Extensions (TBFE) project potential reversal or continuation zones using not just price levels, but also the symmetry of prior wave moves.
➡ Fibonacci channels align trend angles across multiple market cycles, giving macro context — like how the 2018 low, 2021 ATH, and 2022 low project the current 1.618–1.666 resistance zone.
In short:
When you don’t have left-hand price history, you lean on right-hand geometry.
That’s why the $122K–123K zone wasn’t just random — it’s a convergence of multiple fib levels, cycle projections, and technical structures across timeframes.
⚡ Final Thoughts
Bitcoin faces major resistance around $122K–$123K backed by multiple fib and structural levels. A retest of the prior ATH zone (~$112K–$113K) looks probable before the next big directional move. Watch lower timeframe structure for signs of completion in this corrective phase.
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DOGEUSDT Technical Analysis – Bullish Reversal Anticipated DOGEUSDT Technical Analysis – Bullish Reversal Anticipated
🔍 Key Technical Zones:
Support Zone: $0.1990 – $0.2015
Strong bullish reactions noted from this level in previous attempts.
Confluence with volume accumulation on the left (as seen in the Volume Profile).
Signifies a strong demand zone where buyers are stepping in.
Resistance Zone / Target: $0.2220 – $0.2240
Previous structural high and supply zone.
Marked as the first major liquidity area.
Also aligns with imbalance and CHoCH (Change of Character), a common SMC concept.
🔄 Market Structure:
CHoCH (Change of Character) marked multiple times, indicating attempts by bulls to reclaim structure.
Recent price action shows accumulation near support.
Sideways consolidation suggests potential for a bullish breakout.
Liquidity sweep of recent lows could indicate that smart money is accumulating positions before a move higher.
🎯 Trade Setup Idea:
Entry Area: Between $0.2000 – $0.2060 (inside the support zone)
Target: $0.22396 (as marked)
Stop Loss: Below $0.1980 (below the visible support range)
🔧 Indicators and Tools Used:
Volume Profile (VRVP): Shows most volume traded around $0.205 – $0.207, indicating strong positioning from market participants.
Smart Money Concepts (SMC): CHoCH and liquidity concepts signal potential accumulation and reversal.
Price Action Analysis: Clean swing structure with support-resistance rotation visible.
📌 Conclusion:
DOGEUSDT is currently trading in a range-bound structure with a bullish bias from the support zone. If the price sustains above $0.205 and breaks above minor resistance, the upside target of $0.22396 is likely. This setup is supported by strong volume accumulation and smart money structure shifts.
WAIT FOR A TRIPLE CONFIRMATION AND CAPITALIZE ON THE TARIFFS
Analysis and Prediction by DunnInvesting
Market Overview
The BTCUSD chart on a 1-hour timeframe shows a recent consolidation phase following a sharp decline. Key technical indicators suggest a potential reversal or continuation pattern. The price is approaching a critical support zone around $113,792.86, with a descending trendline acting as resistance.
Thought Process
Support Zone Identification: The $113,792.86 level aligns with a historical support zone and the 50-period EMA, indicating a strong area for potential buying interest.
Trendline Resistance: The descending trendline has capped recent upward movements. A break above this level could signal a bullish reversal.
Triple Confirmation: Wait for three confirmations:
A bullish candlestick pattern (e.g., engulfing candle) at the support zone.
A break above the trendline with increased volume.
A retest of the trendline as new support.
This setup offers a clear entry point with defined risk below the support zone, making it understandable and actionable.
Trade Plan
Entry: $114,500 after triple confirmation.
Take Profit 1 (TP1): $118,505 (4.5% gain).
Take Profit 2 (TP2): $123,051 (7.5% gain).
Stop Loss: $112,000 (below support, ~2.2% risk).
Risk-Reward Ratio: 1:2.04 (TP1) and 1:3.41 (TP2).
Profit Targets and Stop Loss
TP1 at $118,505 targets a conservative 4.5% move.
TP2 at $123,051 aims for a more ambitious 7.5% upside.
Stop loss at $112,000 protects against a breakdown below support.
Clarifying Notes
This idea leverages the current market uncertainty around tariffs, which could drive volatility and create trading opportunities. Monitor volume and news closely for validation.
Disclaimer
This is not financial advice. Trading involves risk, and you should only trade with capital you can afford to lose. Consult a financial advisor before making any trading decisions.
BTCUSD Technical Analysis (Smart Money Concepts) BTCUSD Technical Analysis (Smart Money Concepts)
Market Structure Overview:
Break of Structure (BOS) observed multiple times confirms a strong bearish trend.
Change of Character (CHoCH) around 30th July indicated initial shift from bullish to bearish intent.
Price has been forming lower highs and lower lows, respecting the bearish structure.
Key Zones:
🔴 Previous Resistance Zone (119,000 - 120,500)
Strong supply area from where price sharply reversed.
Also aligned with a Strong High marked at ~$120,000 – key for any future bullish invalidation.
🟫 Current Target Zone – 116,000
Acts as an immediate imbalance fill/FVG retracement zone.
Target highlighted as potential retracement point before continuing lower.
🟦 Liquidity / Fair Value Gap (FVG) Zone
Located between ~115,800 and 114,500.
Price may aim to revisit this zone on pullback, filling inefficiencies.
🟩 Support Zone (~113,000)
Price currently reacting near this zone.
This area has acted as a demand zone in the past and is expected to provide short-term support.
Volume Profile & Order Flow:
Visible Range Volume Profile shows heavy activity near the resistance cluster, indicating strong distribution by institutional players.
Low volume in the FVG area further confirms inefficiency and potential for a retracement move.
Smart Money Perspective:
The current structure reflects distribution at highs, followed by markdown phase.
Price swept liquidity below local lows and may now seek to mitigate previous supply or FVG around 116,000 before resuming bearish trend.
📌 Conclusion:
Bias: Bearish until 116K is tested and rejected.
Next Move Expectation: Possible liquidity sweep → bounce to 116K → short continuation.
Invalidation Level: Break and close above 117K would signal strength returning.
✅ Educational Note:
This is a classic Smart Money trap setup — liquidity grab near lows, fakeout pump to FVG, and potential short continuation. Traders should be cautious of fake rallies into known supply zones.
ETH Approaching Major Resistance – Expecting Pullback Hello guys!
Ethereum has been rallying strongly within a well-respected ascending channel, pushing past key levels and now approaching a major resistance zone around $3,900–$4,000.
According to the chart structure, it looks like price could soon react from this resistance, leading to a pullback into the $3,000–$3,200 demand zone, which aligns with the midline of the channel.
This would be a healthy correction before potentially continuing the bullish trend and attempting a clean breakout toward new highs.
ETH is still bullish, but it may need to retest support before continuation.
Watch for a bounce from the $3,000–$3,200 zone for a high-probability long opportunity.
BITCOIN - M2 Global Liquidity Is Silver Lining ?BTC / M2 Global Liquidity (Offset 78 days)
History did repeat and the standout Shooting Star has again led to significant dump action as it .
And the fact that this is happening while stock indexes are wobbling while Trump unleashes more tariffs - should be a cause for concern.
But to lighten moods, I have added M2 Global Liquidity.
To remind, there has been incredible correlation and I have circled a few instances.
Also notice there is quite a flat area in M2 - it looks somewhat similar to the flat area that Bitcoin just slumped from.
Then notice that M2 had a small slump then carries on up until what looks like some sort of blow off phase in September - then corrective action; perhaps a 3 wave correction (before continuing on up).
So obviously this area is very dangerous but there might just be a silver lining 🤔
That said, now that indexes have wobbled, this area is certainly dangerous and we could yet see another wave down in tandem with stock indexes as we did in January.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
BTC SHORT SETUP INTRADAY ( 02 AUG 2025 )If you have doubt on our trades you can test in demo.
Details:
Entry: 113,680 $ - 113,450 $
Target Price: 112,300 $
Stop loss: 114,370 $
Trade Ideas:
Idea is clearly shown on chart + we have some secret psychologies and tools behind this.
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Trade Signal:
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BINANCE:BTCUSDT BINANCE:BTCUSDT.P BINANCE:BTCUSD
ETH Targets $8000 with 4-Year Symmetrical Triangle BreakoutIf you are seeking realistic ETH price targets based upon solid long-term market structure, check out this 4-year symmetrical triangle forming on the ETH/USD monthly chart. ETH is coiling for a major move to $8000, yet none of the CT "influencers" I follow are talking about this. I am new to technical analysis, so I am interested in learning your thoughts about this pattern and which tools or indicators you prefer for setting price discovery targets.
For those of you new to technical analysis, symmetrical triangle patterns can form on long timeframes (weeks, months, or years), indicating indecision between bulls and bears as price compresses within a continually narrowing range. A breakout from a symmetrical triangle typically follows the direction that preceded their formation, and the longer the consolidation period, the stronger the move.
The chart shows a strong euphoric phase in 2021 followed by a bear market low. Subsequent failure to reach previous ATHs is balanced by a pattern of higher lows. Since ETH was in an uptrend prior to triangle formation, odds are this is a continuation pattern, especially given profound shifts in capital flows and sentiment for the asset over the last several weeks.
With trendlines set at the price extremes, the height of the triangle is roughly $3980. If a breakout occurs at a price of $3960, ETH will target a price of $7940 (height of triangle + breakout price). A more conservative price target of $7000 is obtained by resetting the trendlines at the monthly opening and closing prices (omitting the wicks).
Regardless of the specific method for drawing the triangle, ETH is primed for a major move to the upside that has been four years in the making.