bitcoin start bullish after respecting 4 hour time frame order block. now it going to be bullish again
BULLUSD trade ideas
BTC/USD Buys 21/12Btc has pulled back into 97200, formed an inverse head and shoulders. Broken a counter trend and is reacting well off of the demand zone on the hourly. Anticipating price to keep pushing from this area to retest the recent highs.
BTC is still consolidating & hovering around 100 KBTC is still consolidating & hovering around 100 K. May be it can correct from this level before uptrend starts again.
Perfect startMorning folks,
Hopefully you had a great Xmas time... Today we do not have a lot to comment. Our view we've explained in previous update
Setup has started just perfect. Once upside AB-CD was done, the H&S starts. Now we consider two points - 89.5-90K, mostly because of Fib support and oversold on daily chart [ /b]
And the major one around 82K as a H&S downside target. 10-year yields are keep climbing with 4.75% target by our view. So the pressure on all dollar rivals will remain for some time.
Thus, no longs, if you've missed entry on top, no problems, you could try to step in on minor intraday pullback.
BTCUSDTThe 15-minute candlestick chart of Bitcoin (BTC/USD) with a bullish Gartley harmonic pattern. The chart includes Fibonacci retracement levels, RSI indicator, and marked support and resistance zones. This chart is relevant for traders looking for potential reversal points and trading opportunities based on harmonic patterns.
BTC USDT Update During Christmas Days```During the Christmas holidays, minor corrections occur due to low volume```
A major correction has already occurred from 108K, as predicted. Now, hopefully, one more correction will happen during the Christmas holidays. However, the trading volume during Christmas 🎄🎁 will likely be low. Gradually, BTC is expected to move upward 📈, breaking 108K, creating support at 105K, and then heading toward its next and final leg up to 123.5K, 143.5K, and 163.5K.
After that, the bear market will hopefully begin, likely around March/April, with a maximum extension until May at the latest.
I will update you before the market peaks, the bear market starts, or the time comes to exit the market based on my system.
btcusd on bearish reverse below 92130#BTCUSD on multiple reverse, now we exercise drop below 92130 for longer sell till 90k-89k but market price sell can start at current price ,above 93800 buy can still move. Overall move on #BTC can take correction if price falls 92130 back to 93k-94k. Selling at 92130, SL 92800 TP 90k 89k
BTCUSD Short after a Massive 2 MonthsBTCUSD Medium term short - It might be worth placing a small sized EA on this pair and try to make a little money while we wait for Trump's inauguration in late Jan 2025.
Consolidation is most likely.
A Deja Vu Moment? 31% Correction to Previous ATH $73KThere’s something about the charts that’s been bugging me lately—definitely leaning toward a bearish bias.
As much as I want to be bullish and for Alt Season to kick off, my focus on Bitcoin is mainly to gauge the pulse of the Altcoin market. But there’s something on the weekly charts that’s hard to ignore.
The Stochastic RSI has turned bearish, signaling a downward bias for Bitcoin’s immediate direction. This could play out as an overall correction that might take another week to play out.
Adding to this, back in November, Bitcoin’s price rejected off the 0.618 Fibonacci level on Bitcoin Dominance. This level marked the peak for Bitcoin dominance in the 2021 bull run. At that time, the stochastic RSI was overbought with a bearish crossover and dominance rejected off the 0.618 Fib level, leading to a 31% correction over two weeks before the market quickly rebounded.
Fast forward to today, we’re at a very similar juncture. Stochastic RSI is overbought and we have rejected off bitcoin dominances 0.618 fib level - Will we see a 31% Correction?
Well! If we were to see a 31% correction from the previous ATH, it aligns almost perfectly with the 0.618 Fib level—hard not to see this as more than just a coincidence.
On top of that, I suspect we’re currently in a Wave 4 correction. However, a pullback to the 0.236 Fib level feels almost too straightforward to me—perhaps too easy.
What do you think? Would love to hear your thoughts!
"The Target Matrix"Traders, new targets are in sight! Bear in mind, I’ll be constantly evaluating to ensure these targets are hit. With deeper research into smart money’s potential next moves, I’m now comparing these targets using more advanced market dynamics. The market may appear ready to collapse, but I’m not letting go that easily. A big wave is coming — I can’t say exactly when, but it’s on the horizon.
Will I cancel this idea before the targets are reached? Absolutely, without hesitation. Markets evolve by the hour, and one thing we must learn is that Technical Analysis updates constantly. But I’m not justifying myself with that; my confidence comes from the precision of ATR volatility, enhanced whale movement analysis, and several other robust methodologies.
Current Trade Setup:
• Using an ATR with RSI scanner, my long position has a stop loss at $87,840 and a profit target at $113,329.
• Additionally, I’ve identified two key ATR levels and will soon provide short positions to outline potential downside targets if a downtrend emerges.
• As for the $80K zone — that’s the least of my concern, as there’s no meaningful signal pointing to that level.
Strategy Insights:
My zig-zag strategy is in play, reinforced with Fibonacci calculations, high and low labels, and whale enhancements. As prices move, I’ll compare these levels and issue bullish printouts when signals show pending opportunities. Two smart money contractions and true value lines are mapped out, indicating where prices are likely to drop. When a descent begins, I’ll measure a short position ATR to ensure the downturn doesn’t catch you off guard.
And for the Alts:
Good news is on the way. Stay tuned and be ready.
#BTCUSD 4H#BTCUSDBTCUSD (4H Timeframe) Analysis
Market Structure:
Trendline Support Breakdown: The price has broken below a previously established trendline support, indicating a potential shift in market sentiment from bullish to bearish.
Forecast:
Sell Opportunity: The breakdown below trendline support suggests that bearish momentum may take over, and further downside movement is likely.
Key Levels to Watch:
Entry Zone: After the trendline breakdown, wait for confirmation of continued selling momentum or a retest of the broken trendline as resistance.
Risk Management:
Stop Loss: Above the broken trendline or recent swing high to limit risk.
Take Profit Zones: Focus on next support levels or Fibonacci projections for potential downside targets.
Market Sentiment:
Bearish Outlook: A trendline support breakdown typically signals that the buyers have lost control, and further downward movement is expected if the price remains below the broken trendline.
"In markets, gravity always wins."📉 Bitcoin Analysis (BTC/USD) 📉
Bitcoin's meteoric 100% rise since September screams overextension. The euphoria may be fading, and a correction looks imminent.
🔻 Key Levels to Watch:
$73,800: The first major support—breaking this could accelerate the drop.
$65,600: A likely target if bears take full control.
The chart suggests BTC is overdue for a pullback. Corrections after such rallies aren’t just likely—they’re inevitable. Bulls, buckle up. Bears, this might be your moment.
"In markets, gravity always wins."
BTCUSD is holding its MA50 (1d). Bullish!Bitcoin touched the MA50 (1d) today and immediately rebounded, making a strong statement of how important of a support level that is.
The last time it hit the MA50 was on October 11th.
The pull back resembles March 20th from Bitcoin's last major rally, which rebounded and hit the 0.786 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 105000 (the 0.786 Fib).
Tips:
1. The RSI (1d) patterns of the current correction and March's are virtually identical and in fact today it hit the exact same Support leve (46.50) it had when the price rebounded on March 19th.
Please like, follow and comment!!
Notes:
Past trading plan:
Market Analysis and ExpectationLooking at the Bitcoin 1-hour chart, I’m expecting price to move up from the current price level or anywhere within this POI (Point of Interest) region. Here’s why:
Market Structure
The overall structure suggests we are in a broader range-bound phase, with price cycling between premium and discount zones. Currently, price has tapped into the premium-to-discount zone, showing signs of exhaustion to the downside.
Liquidity Sweep
There was a Break of Structure (BoS) and a clear Sell-Side Sweep (SSS) around this area. These are classic signs of liquidity being taken, indicating that the market might be gearing up for a reversal or at least a significant retracement.
Psychological Levels
Price is hovering just above a significant psychological level (94,374), which often acts as a magnet for liquidity and a potential bounce zone. Buyers may step in to push the market higher from here.
Chalk Flip and POI Alignment
I can see a Change of Character (ChoCH) in smaller timeframes. Coupled with this POI in the discount area, it’s a prime spot for price to pivot upward.
Daily Resistance and Targets
If the reversal plays out, my immediate target would be the daily resistance zone around 102,587, with intermediate take-profit levels at previous supply zones. This move aligns with the market’s tendency to rebalance inefficiencies and target liquidity pockets above.
Overall, I’m positioning myself for potential longs from this region while keeping an eye on smaller timeframe confirmations to refine my entries. The bias flips only if price breaks decisively below this POI with strong momentum.
BTC coming into 60 Day cycle low (DCL) around Jan 3rd, 2025This is a Daily BTC chart with the Daily Cycles on the bottom and Daily Cycle Highs on top in red, it looks, if my cycle count is correct, that we should have a BTC daily cycle low (DCL) on or around Jan 3rd 2025, with a shorter ~16 ICL (Weekly Cycle low)
ENJOY! let me know if you have a different count!! Thank you!
Follow me on X @yourfrencrusher
DEGEN PLAYS too
Bitcoin's Ugly WeekKey Observations:
Recent Price Action:
Last week’s candle was a large bearish engulfing candle, marking a significant rejection and pullback from the $108,000 zone.
Bitcoin has broken below the $99,860 support, which had previously acted as a key level during the rally. This level is now likely to serve as resistance.
Current price sits near $95,905, attempting to stabilize after the sharp sell-off.
RSI Analysis:
The RSI on the weekly timeframe is trending downward after reaching overbought levels (~80).
The RSI is currently sitting near 67, which is still bullish but indicates weakening momentum.
This decline in RSI aligns with the pullback in price, signaling a potential cooling-off period for Bitcoin's uptrend.
Volume:
Last week’s bearish candle was accompanied by high volume, confirming strong selling pressure.
This suggests that the pullback is not just a minor correction but a significant event that traders are actively responding to.
Support and Resistance Levels:
Support:
$89,000–$90,000: Key area and a psychological level where buyers might step in.
$73,835: Major breakout level from earlier in 2024, which remains a critical support zone in the event of further downside.
Resistance:
$99,860: Previously strong support, now flipped to resistance.
$108,000: Recent high and upper boundary for potential future attempts to reclaim bullish momentum.
Trend Structure:
The weekly structure remains bullish overall, with higher highs and higher lows intact.
However, the break below $99,860 signals a potential shift to short-term bearish momentum.
Key Considerations:
Last Week’s Candle:
The large bearish engulfing candle signals significant selling pressure at higher levels.
This type of candle often precedes further downside or at least a period of consolidation, especially when confirmed by strong volume.
Bearish Momentum:
The break below $99,860 combined with RSI dropping from overbought territory suggests a cooling-off phase in the uptrend.
Further downside to $89,000–$90,000 is likely before buyers step in to defend.
Long-Term Bullish Case:
Despite the short-term pullback, the macro trend remains bullish, with price still well above the 50-week SMA and prior breakout levels.
A retest of $89,000–$90,000 or even $73,835 would still align with a healthy correction in a long-term uptrend.
Bitcoin's weekly chart shows a significant pullback after a sharp rally, with RSI and volume confirming short-term bearish momentum. Immediate support lies at $89,000–$90,000, while $99,860 acts as key resistance. The broader trend remains bullish, but this correction could deepen before resuming the uptrend.
BTCUSD Revision 22 December 2024Hello Nation!
Let’s see what BTC did. We open today at 96537 area. It did made a huge gap breaking a Resistance level. The same Level became a Support. As multiple rejections can be seen. To me that a good hint for a buy entry. I marked out my m15 Box and that will be my point of interest for a buy entry.
With 30 Pips SL risk and 100 Pips TP. It will be a nice winner. I did took this entry but i secured at 94 Pips. My risk was smaller than 30pips as i make them precise on m1 or m5.
Price went up straight to a Daily SBR area. Once i spotted Price was breaking a support on the H1, this information is key to me. I marked the Support that broke and that same area is now Resistance. A point of interest which i will monitor.
Again, I drew out my m15 box after the identifying Support and Resistance in that area. Upon seeing multiple bearish reactions. I was confident price will be making a move down. I took a sell entry.
This time i targeted the H1 low which give me a bit more than 100 pips. I secured this entry at 138 Pips. Knowing that there was gap during market open. I could have attempted to target much lower. But i am happy with what i got. It was a very good day for me.
BTC is just bouncing off its supply and demand. As you know, I don’t make predictions on my post. I will only try to share what story that i see after the candles happen.
Thank you for Reading. Good Bye!
BTC Bounces At 50 MABitcoin is trading at $96,769, holding above the 50-day SMA (~$95,000), which is acting as immediate support, with additional support around $94,000. Resistance remains strong at $99,860, with the price repeatedly failing to reclaim this level. Volume is low, reflecting indecision, and RSI is neutral around 45-50, indicating balanced momentum. A breakout above $99,860 could target $108,000 (recent highs), while a breakdown below $94,000 may lead to further downside toward $89,000. The next move depends on a decisive breakout or breakdown, confirmed by increased volume.
Market Correction: Key Support Levels and Strategic OpportunitieThe market has experienced a decline over the past few days, leading to the liquidation of leveraged long positions and the introduction of new liquidity.
This may represent a healthy correction within the context of the broader market trend, which remains firmly upward.
As such, the optimal strategy continues to be to buy on dips.
Key levels to monitor include the strong support area around 84,500, with additional support at the 73,000 level.
While these support levels may not be reached, it is wise to stay alert for potential buying opportunities if the market approaches them.
Take care!
BTCUSD - Missed TP ? that's okay history says 140KI followed too blindly this fractal that went almost perfect but was waiting 120k to take partial profits and missed a 30% opportunity,
I'll know take profits more often by moving from risky alts to BTC or other assets resistant to drawdown
the middle line of the channel BTC is evolving seems to support very well and I'm gonna assume the correction is already over, you can still expect to see another dip to 86k tho (but I dont believe this)
my simple trade idea : green is path of 4 years ago, blue is path of last year
first TP will be at 120k & 144K see you in 3 weeks
not financial advice
cheers
BTCUSD: The phenomenal Fib power of +.618.Bitcoin quickly turned neutral on its 1D technical outlook (RSI = 51.454, MACD = 3285.300, ADX = 32.138) as in a matter of 24 hours it dropped from its 108,000 ATH back to below 100,000. As the price continues to grow, we should start getting used to those 10k violent price swings. Today though, we want to discuss an incredible finding, which we call ' the Fib power of 0.618'. It is this amazing pattern you see where Bitcoin, since its Nov 2022 bottom and subsequent Jan 2023 High, it has systematically targeted every +0.618 Fibonacci extension before pulling back.
1st TP was Fib 1.618, 2nd TP = Fib 2.168, 3rd TP = Fib 3.618. Natually this sequence targets next: 4th TP = Fib 4.618 (112,500), 5th TP = Fib 5.618 (173,500) and finally 6th TP = Fib 6.618 (265,000). Of course this assumes that the trend will follow the same fluid pattern, where the first of the Fib pairs has only a short consolidation (green Rectangle) leading to a fast rise to the second Fib, which has a long consolidation (blue Rectangle). This implies that we're currently inside a short consolidation an in April we should hit 112,500 (5th TP on Fib 5.618).
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Urgent btc crash/ correction incoming BTC is oversold I believe that we are going to test support at 103,000,then have a ABC correction in the short term. I am still bullish in the long term.
