HelenP. I Bitcoin will rebound from trend line and rise to $123KHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, we can see a very clear and long-term bullish structure. The entire uptrend is supported by a major ascending trend line that has acted as a reliable foundation for the price for a significant amount of time. Currently, the price is consolidating above this crucial trend line and is interacting with the key support zone between 117500 and 116700 points. I believe that the most probable scenario here is a brief corrective move downwards for the price to properly retest the main ascending trend line. This type of retest is often a healthy sign in a strong trend, as it allows for the confirmation of support and gathers momentum for the next leg up. A strong rebound from this trend line would serve as a powerful signal that the buyers are still in control. Therefore, once the price confirms its bounce from this dynamic support, the path should be clear for a continuation of the uptrend. For this reason, my primary goal for this trade idea is set at the 123000 points. If you like my analytics you may support me with your like/comment ❤️
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BTCUSD trade ideas
Keep following to the H&S PatternMorning folks,
To be honest, not too many things to talk about. We've prepared our scenario with H&S is still valid. Reaction to GDP numbers was quite welcome as it set the right arm's bottom. The only thing that we have to be busy with is to control its validity - reaching of the neckline and price standing above 116 lows and right arm.
At the first signs that market is start falling back - do not take any new longs. H&S failure is also the pattern and in this case we get deeper correction. But daily chart still makes me think that bullish context is here
BTC/USD 4h chart🔸 Formation: Triangle descending (descending)
• Upper trend line (orange) - inheritance, connects lower and lower peaks.
• Lower support line (red) - approx. 116,700 USD - key support, tested many times.
🔻 Support
USD 116,700
Tested several times, currently threatened
🔻 Another support
USD 114,669
Target level when struck with a triangle
🔼 Resistance
USD 118,321
The nearest resistance - the former level of support
🔼 Resistance
USD 119,931
Local peak
🔼 Strong resistance
USD 121,107
Upper level of structure
📉 STOCHASTIC RSI (lower indicator)
• Line cutting and a decrease in the purchase area (> 80) towards the center.
• No extreme sales signal, but the trend begins to be negative.
⸻
📌 Applications and possible scenarios:
🔻 Bearish script (more technically likely):
• If BTC breaks below USD 116,700 with a 4H candle closure, possible:
• a decrease around USD 114,669 (lower limit of the triangle)
• Even lower - around 113,500-112,000 USD with an increased volume
🔼 Bullly script (less likely but possible):
• needed quick breaking above USD 118,300 and maintaining above this level
• Then the goal will be USD 119,931, and then possible traffic up to USD 121.107
⸻
📍 Summary:
• We see classic triangle descending-pro-draft formation.
• Support 116,700 USD very close to breaking - if it falls, down movement can be dynamic.
• Stochastic RSI coincides with the deterioration of the moment.
• The inheritance scenario seems dominant, unless there is a strong demand and over 118,300 USD.
Bitcoin Long: Completion of Sub-wave 4, riding wave 5I updated the Elliott Wave counts for Bitcoin and we should have completed sub-wave 4 and is currently onto sub-wave 5. Based on my counts, sub-wave 3 has extended and is slightly more than 1.618x of wave 1, thus I expect sub-wave 5 to NOT extend. Based on Fibonacci extensions, the price target is around $124,600.
The stop loss for this idea is around $114,600.
Towards to end of the video, I zoomed out for Bitcoin and observed that Cycle level wave 1 and 3 are HUGE (red font) and the current Cycle Wave 5 looks too small. Thus, the entire 5-wave structure of what we are going through now may be just a Sub-Wave 1 of Cycle Wave 5. And that means that longer-term, Bitcoin may really go to $200,000 and beyond. But for traders, keep our foot on the ground and trade what is in front of us.
Good luck!
Bitcoin - The cycle is just starting!⚔️Bitcoin ( CRYPTO:BTCUSD ) just created new highs:
🔎Analysis summary:
Bitcoin is currently - especially with the new all time high breakout - just perfectly following previous cycle behavior. Since there is no real resistance above current price, apart from psychological levels, I do expect a substantial rally back to the upper channel resistance trendline.
📝Levels to watch:
$300.000
🙏🏻#LONGTERMVISION
Philip - Swing Trader
BTCUSD Short Setup – 4H Bitcoin has broken below a key dynamic support zone, and current price action signals a potential continuation to the downside. This short entry is supported by multiple technical confluences:
🔻 Bearish Confluences:
Fibonacci Retracement Rejection: Price rejected the 61.8% Fib retracement zone near $114,978, confirming a potential local top.
Trend Structure: Clear lower high, lower low structure forming on 4H – momentum favors sellers.
EMA Cloud Pressure: Price is decisively below the multi-band EMA cloud, showing sustained bearish pressure and trend bias.
Volume Profile Gap: Price is entering a low-volume node between $113.8k and $112k, increasing likelihood of a sharp move down.
Bearish Candlestick Pattern: A strong bearish engulfing candle formed after the retracement – a classic reversal confirmation.
🎯 Fibonacci-Based Targets:
TP1 – $11205 (38.2%): Initial demand zone and minor support.
TP2 – $11024 (61.8%): Mid-extension level, aligns with prior consolidation.
TP3 – $10731 (100%): Full measured move target if the downtrend accelerates.
SL: Placed just above the recent swing high at $11678, protecting against false breakouts.
SELL BTCUSD for bullish trend reversal SELL BTCUSD for bullish trend reversal
STOP LOSS : 122,500
Trade trade is based on false breakout and divergence.....
First what is false breakout, A false breakout in Forex occurs when the price breaks through a key level (like support or resistance) but quickly reverses and returns to its original range, often trapping traders who were expecting a continuation of the breakout. It's essentially a false signal, indicating a potential trend reversal or continuation, but the price doesn't follow through....
Secondly what is divergence ,In forex trading, divergence occurs when the price of a currency pair moves in one direction, while a technical indicator (like an oscillator) moves in the opposite direction. This mismatch can signal a potential trend reversal or weakening trend. There are two main types: bullish and bearish divergence.
On this trade we are taking it because we saw regular bearish divergence
Regular Bearish Divergence
In case of Regular Bearish Divergence:
* The Indicator shows Lower Highs
* Actual Market Price shows Higher Highs
We can see a strong divergence on the RSI already and There is a strong trend reversal on the daily time frame chart.....
The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here .....
Bitcoin Long: Completion of wave 4 (5-wave instead of 3-wave)In this video, I updated the wave counts for Bitcoin, primarily the change is in wave 4 where I believed that it has formed in 5-waves instead of 3-waves.
Because of the new low, both our stop loss and take profit are now lowered:
SL: $113,858.
TP: $124,000
Good luck!
Bitcoin: 130K AREA Upon Triangle Break Out.Bitcoin consolidating in a sub wave 4 and poised to break out (see triangle formation on chart). This breakout would be the sub wave 5 which can take price as high as the 133K to 134K area. In my opinion, this can be the completion of the broadest impulse wave (5th of the 5th). Wave counts aside, this is EXTREMELY important to recognize because it highlights significant price vulnerability and implies very high risk for longs (especially for investors). Of course, these price moves do not play out unless accompanied by a specific catalyst. We have the catalysts in place to drive price higher, but what can lead to a broad corrective structure? Who knows.
There are numerous drivers in play at the moment: the weakening dollar, tariffs, favorable legal environment, etc. And all the talk, videos and other propaganda all point to the continuation of this trend. The broader markets, metals, Ethereum, whatever asset it is, it is continuously going higher with little to no variance. The recipe for total complacency while risk is increasing. Back in April, before the pullback, things looked similar, and then the unexpected reaction to the tariff news at the time. No one saw that coming, and when it came, NO ONE saw or expected that we would be pushing all time highs across EVERYTHING in just a matter of months. When the top is in, the correction will likely be similar or worse. The market is be driven by a declining dollar, not a growing economy.
For the next leg higher into the 130's, what for swing trade or day trade setups. The trend is pretty clear, so it is all a matter of confirming mini pullbacks and continuation or reversal patterns on smaller time frames. Risk can be managed using reference levels on smaller time frames like 4H or 1H for swing trades. The Trade Scanner Pro also provides precise confirmations along with risk and profit objectives. There is plenty of opportunity and ways to play this, without having to get caught as an investor.
The scenario on the chart that illustrates price going to the 130K area assumes a break out occurring this week. IF the market chooses otherwise, like it breaks the low of the triangle instead, then it lowers the probability of the bullish scenario playing out. It's up to the market to choose, all I can do is map out scenarios based on the structure that is in play at the moment.
Either way, it is important to always accept that markets are mostly random. Price action is shaped by the perceptions of the future which can change on a whim. There is no need to feel like you are missing out because when things look their greatest, that is often the worst time to buy and vice versa.
Thank you for considering my analysis and perspective.
BTC Bearish DivergenceBINANCE:BTCUSDT
Rezistance Levels: 123,217.39.
Support: 98,299.89
Trade Setup:
Target 1: 110,758.64 (0.50 Fibonnaci Golden Zone).
Target 2: 107,818.37 (0.618 Fibonnaci Golden Zone).
Target 3: 103,632.23 (0.786 Fibonnaci Golden Zone).
Target 3: 98,299.89 (1 Fibonnaci).
Stop Loss: 123,217.39 (above recent high, ~25% above current price).
RSI Analysis: The RSI shows a bullish divergence (price making lower lows while RSI makes higher lows), suggesting potential upward momentum. Current RSI is around 62.80, nearing overbought territory (>70), so caution is advised.
Bitcoin may bounce up from support area to 122800 pointsHello traders, I want share with you my opinion about Bitcoin. Analyzing the broader market context on the BTC chart, the past price action has carved out two significant technical structures: a wide trading range and a larger upward wedge pattern. The formation of this wedge indicates a generally positive market sentiment, though the narrowing price swings suggest a decrease in upward momentum. The foundation of the current structure was established around the buyer zone of 105500 - 104500, a level that has historically proven to be a robust floor. This historical behavior provides a critical reference for our hypothesis. Currently, we are observing bitcoin's price action closely, interacting with the current support area, located between 116500 and 117300. The character of the movement here is largely corrective and consolidative, pointing to a state of temporary equilibrium. This consolidation near the lower boundary of the wedge is a pivotal point. My thinking is that a final, brief dip to thoroughly test the 116500 - 117300 support area is a high-probability scenario. Such a move would effectively absorb remaining sell-side liquidity before a reversal. We can then anticipate an impulsive move upwards across the range. Therefore, the logical take-profit for this long position is set at 122800 points, as this level marks the upper resistance of the range and a natural target. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
BTC – Bulls still in controlBTC is trading around 117,800 USD, well above both the EMA 50 (111,800) and the pivot level (105,300), confirming bullish dominance. Price remains below the upper Bollinger Band (123,400), leaving potential room for continuation.
Momentum stays constructive, with RSI at 60 and MACD in a strong positive zone, reflecting sustained upward pressure. As long as price holds above EMA 50 and pivot, the next upside targets lie at 123,400 and R1 at 110,000 has already been surpassed.
Volume has dropped significantly (-31%), suggesting the latest move could lack conviction or represent a pause rather than a breakout.
As long as BTC holds above 111,800, the bullish scenario remains intact.
Watch for any rejection near 123,400 or a close back below the EMA as potential invalidation signals.