Get started

1-BTCUSD

DeGRAM | BTCUSD is testing the $110k📊 Technical Analysis ● BTC/USD remains within the rising channel, with the current pullback testing the 110,000–109,700 support cluster. This aligns with both the mid-channel trendline and prior demand. ● A bounce from this zone would confirm the complex correction as complete, setting the stage for a retest of 117,686 and, on breakout, a drive toward the 126,961 resistance band. 💡 Fundamental Analysis ● On-chain data highlights persistent whale accumulation during this dip, while ETF inflows remain robust despite market pullbacks. This structural demand continues to exceed miner supply, keeping the broader trend supportive. ✨ Summary Bullish above 109,700; rebound eyes 117,686 → 126,961. Invalidation below 109,700. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
2
BTCUSD 1H: Short Opportunity on Support Break & EMA Confluence🟨 Main Trend: Based on the EMA indicator, the BINANCE:BTCUSD market is currently in a short-term downtrend. Pullbacks have only reached the EMA before facing renewed selling pressure. 🟨 Accumulation & Support Zone: The price is moving sideways around a key support zone at ~112,800 – 113,200. This area has repeatedly attracted buying interest but has not yet produced a clear breakout. 🟨 Entry & Risk Management: A valid short entry can be considered once a candle closes below the support zone, in confluence with the EMA continuing to slope downward. Stop-loss should be placed above the EMA zone or the nearest resistance. 🟨 Targets: Potential downside extension toward deeper support levels around 110,000 – 109,000. 🟨 Scenarios to Watch: Bearish continuation (primary scenario): Wait for a support break and confirmation with a closing candle. Alternative scenario 2: If the price breaks out above resistance, wait for confirmation that an uptrend is forming before looking for long opportunities.
BITSTAMP:BTCUSD
by ZuperView
BTC HIT ZONE 113.000 - 115.000 AND BEARISH TREND ☄️ BTCUSD Market Outlook 09/23 (Based on SMC) ☄️ Main Trend 🔤After a strong bearish impulse, price formed BOS and CHoCH signals suggesting a potential short-term retracement. 🔤Current structure still leans bearish, but short-term bullish CHoCH indicates a correction phase. 🔤Multiple FVG zones above (113.600 – 115.250) act as supply/imbalance areas where price may react. Trading Plan 🔼 Scenario 1: Sell continuation (Priority) Condition: Price retests 114.200 – 114.800 supply/FVG zone and shows bearish reaction (M15/H1 CHoCH). Entry: 114.200 – 114.800 (preferably near 114.500). SL: Above 115.500. TP: 112.800 – 112.300 (nearest demand zone). 🔼 Scenario 2: Buy on retracement (counter-trend scalp) If price pulls back to 112.300 – 112.800 demand/FVG + Fib 0.5–0.618 zone. Condition: Look for bullish CHoCH or BOS confirmation on M5/M15. Entry: 112.300 – 112.800. SL: Below 111.800. TP: 113.600 – 114.000 (nearest FVG). 🔽 Scenario 3: Sell deeper retracement If price spikes higher into major supply 115.000 – 115.250. Entry: 115.000 – 115.200. SL: Above 115.600. TP: 113.000 – 112.500. ➡️ Overall structure remains bearish, with rallies likely serving as liquidity grabs into supply/FVG zones. Best strategy: prioritize selling from supply zones, while short-term counter-trend buys are only valid at strong demand/FVG with clear bullish confirmation.
BITSTAMP:BTCUSD
by michael_gold
BITCOINUSD READY FOR RETEST READ CAPTIONHi trader's what do you think about bitcoinusd Bitcoin price recently dropped into the support zone 11700–11200, which is acting as a strong demand area. Market is now attempting a retest of this zone. 📌 If the support holds during this retest, buyers may push price upward toward the supply area around 114500. 📌 But if support fails, the market may continue its downside move For more safe updates & chart analysis, Follow my profile.
BITSTAMP:BTCUSDLong
by haleh120
BTCUSD H4 | Bullish reversalBitcoin (BTC/USD) has bounced off the buy entry at 111,672.42, which is a pullback support that is slightly above the 61.8% and the 78.6% Fibonacci retracement and could rise to the upside. Stop loss is at 109,341.87, which is a pullback support. Take profit is at 115,035.84, which is a pullback resistance that aligns with the 50% Fibonacci retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:BTCUSDLong
by Tradu
EURUSD POSSIBLE SELL SETUP💡 EURUSD 2H Outlook – Bearish Setup in Play After a strong bounce from demand, price is now retesting the supply zone around 1.1820 – 1.1840. Structure shows a possible distribution phase forming here, with sellers waiting to step back in. 🔽 Bearish Scenario If rejection confirms, price could drop toward the demand zone at 1.1720 – 1.1740. A clean break below 1.1720 would open deeper downside continuation. 🔼 Bullish Scenario Buyers would need a strong breakout above 1.1840 supply to invalidate this bearish outlook and push toward higher levels. ⚔️ Key Levels to Watch Resistance: 1.1820 | 1.1840 Support: 1.1760 | 1.1720 📊 Current structure favors short setups from supply, with confirmation entries being the safest. ✅ If this analysis adds value, don’t forget to boost & follow for more updates across Forex, Crypto, and Indices. 💼 If you need account management (personal or funded), I provide professional trading strategies designed for consistency and growth.
Short
by ntulilwageophrey
BTCUSD POSSIBLE BUY SETUP💡 BTCUSD 4H Outlook – Recovery Setup in Play After a strong sell-off that created a Change of Character (ChoCH), price has now tapped into the demand zone around 112,000 – 113,000. From here, I’m watching for signs of accumulation and potential continuation back to the upside. 🔼 Bullish Scenario If buyers hold this demand, we could see a rally toward the first supply zone near 116,000. A clean break above that would open the way for a push toward the major resistance at 118,000 – 119,000. 🔽 Bearish Scenario Failure to hold 112,000 support could trigger further downside. Next liquidity sweep would likely come below 111,500 and possibly deeper. ⚔️ Key Levels to Watch Support: 112,000 | 111,500 Resistance: 116,000 | 118,000 – 119,000 📊 Current structure suggests bulls may try to defend this zone, giving a possible recovery leg. ✅ If this analysis helps you, hit the boost and follow for more updates on BTC and other pairs. 💼 For traders looking for account management services (personal or funded accounts), reach out — I can help with risk-managed growth and consistent strategies.
BINANCE:BTCUSDLong
by ntulilwageophrey
BTCUSDTHello Traders! 👋 What are your thoughts on BITCOIN? Bitcoin appears to be moving within a descending channel. Upon reaching the upper boundary of the channel, which coincided with the major resistance zone at 117,000 – 120,000 USDT (and the 61.8% Fibonacci retracement ), the price entered a corrective move. The short-term ascending trendline has already been broken. As long as the price stays below 118,000 – 120,000, the correction is likely to continue. Despite the short-term selling pressure, the medium-term trend remains bullish. The ongoing correction could serve as a healthy pullback before the larger uptrend resumes. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
17
BTCUSDT: Bearish Pressure Remains ? 👋Hello everyone, what do you think about the trend of BINANCE:BTCUSDT ? Today, BTCUSDT is trading around 114,300 USDT, pulling back after once again being rejected near the strong resistance zone of 117,500 USDT and forming a descending price channel. If selling pressure continues, BTC is likely to head toward the support zone of 108,000 – 110,000 USDT, or even lower, where new buying interest may emerge. As long as Bitcoin has not broken out above the channel limit, the short- to medium-term downtrend remains dominant. What do you think about BTCUSDT? Share your thoughts in the comments!
by Kevinn_Nguyen
33
Bearish drop?The Bitcoin (BTC/USD) is rising towards the pivot and could reverse to the 1st support. Pivot: 114,530.17 1st Support: 110,045.28 1st Resistance: 117,597.42 Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDShort
by ICmarkets
2
How Bitcoin Profits Are Fueling Gold's Record Surge In the intricate dance of global markets, a subtle yet significant choreography unfolded, revealing a profound shift in investor sentiment. As Bitcoin, the volatile flag-bearer of the digital asset revolution, stumbled, a powerful wave of capital appeared to flow into a more ancient store of value. Roughly an hour after Bitcoin’s pronounced drop, gold, the timeless emblem of wealth and stability, surged to notch yet another record high. This sequence of events was more than a random fluctuation; it was a clear signal of a sophisticated market maneuver: a profit rotation from the speculative froth of cryptocurrency into the hard certainty of precious metals. The divergence highlights a critical test of the "digital gold" narrative that has propelled Bitcoin for years. While safe-haven flows have traditionally sought refuge in bullion during times of uncertainty, the recent price action suggests a more complex, multi-layered dynamic is at play. Investors, having reaped substantial gains from the crypto market, appear to be de-risking and preserving those profits in an asset benefiting from its own powerful macroeconomic tailwinds. This "digital-to-physical shuffle" offers a compelling glimpse into the evolving relationship between these two assets and the strategic thinking of modern investors navigating a landscape of persistent inflation, geopolitical tension, and shifting monetary policy. Anatomy of the Divergence: Why Bitcoin Stumbled While Gold Rallied The recent price action did not occur in a vacuum. Bitcoin’s slide was a culmination of factors signaling potential "cycle exhaustion." The drop triggered a brutal leverage washout, with a massive volume of bullish crypto wagers liquidated, hitting smaller tokens particularly hard. This cascade of liquidations suggests that the recent rally was fueled by speculative excess, making it vulnerable to a sharp correction. The narrative of Bitcoin as a stable safe haven has been challenged, as its behavior mirrored that of a high-beta risk asset, sensitive to shifts in market liquidity and sentiment. Conversely, gold's ascent to a record high is built on a much firmer, multifaceted foundation. The rally is powerfully supported by several key drivers. A primary driver is the aggressive and sustained accumulation by the world’s central banks. For several years running, official sector buying has reached historic levels, with institutions in emerging markets leading the charge to diversify their reserves away from the U.S. dollar and hedge against geopolitical risk. This sustained, large-scale demand creates a strong underlying price support that is independent of speculative flows. Furthermore, expectations of monetary easing have further fueled gold's appeal. Lower interest rates decrease the opportunity cost of holding non-yielding bullion, making it more attractive to investors. With markets anticipating a cycle of rate cuts, the macroeconomic environment appears highly conducive to further gold upside. Finally, ongoing geopolitical conflicts and stubborn inflation have amplified demand for gold as the ultimate monetary insurance policy. Faced with currency devaluation risks and systemic uncertainty, both institutional and retail investors have flocked to the yellow metal, which has a multi-millennia track record as a reliable store of value. This confluence of factors has propelled gold's rally, leading many market observers to revise their forecasts upward. The Rotation Thesis: Locking in Digital Profits in Physical Metal The most compelling aspect of the market action was the timing. The roughly one-hour lag between Bitcoin’s significant drop and gold’s subsequent rally is a tell-tale sign of a deliberate capital rotation. This is not the instantaneous reaction of an algorithmic panic, but the considered move of traders and fund managers observing a trend, assessing the risk-off sentiment, and redeploying capital. This is not the first time this pattern has emerged. In previous market cycles, steep liquidations in cryptocurrency futures have often been followed by noticeable inflows into gold-backed investment vehicles. The current scenario appears to be a larger, more pronounced version of this dynamic. Traders who have enjoyed Bitcoin's run-up are choosing to lock in those volatile, digital gains by moving them into a more stable asset that is itself in a powerful bull market. This rotation challenges the simplistic notion that Bitcoin is a direct substitute for gold. While both are seen as hedges against fiat currency debasement, their behavior reveals different risk profiles. Bitcoin's recent performance confirms its status as a high-risk, high-reward asset, often correlated with speculative liquidity and risk appetite. Gold, meanwhile, is reasserting its traditional role as a core wealth preservation tool and a hedge against systemic risk, supported by the immense and steady buying pressure from the world's central banks. The market seems to be making a clear distinction: Bitcoin is for speculation; gold is for preservation. Broader Implications: A New Dance for Modern Investors The divergence between gold and Bitcoin carries significant implications for investors and asset allocators. It serves as a powerful reminder that despite the maturation of the crypto market, gold’s role in a diversified portfolio remains unique and irreplaceable. The "digital-to-physical shuffle" is a new market dynamic that investors must understand and navigate. For institutional players, this rotation represents a sophisticated strategy to manage portfolio risk. After a period of high returns in a speculative asset, rebalancing into a stable asset with strong fundamentals is a prudent move. The rise of regulated investment vehicles for both gold and Bitcoin has made executing such cross-asset strategies more seamless than ever, suggesting this dynamic will become a more common feature of market corrections. Looking ahead, the outlook for both assets remains complex. Some analysts believe Bitcoin's correction is a healthy cleansing of speculative excess before it continues its upward trajectory. Others argue that Bitcoin's volatility and regulatory hurdles continue to limit its appeal as a true safe haven compared to gold. What is undeniable, however, is the structural bull case for gold. The powerful trend of de-dollarization and reserve diversification by central banks is not a cyclical fad but a long-term strategic shift. As nations continue to seek a neutral reserve asset to insulate themselves from geopolitical pressures and the weaponization of finance, gold is re-emerging as a tangible monetary anchor. In conclusion, the recent market events were a masterclass in modern market dynamics. Bitcoin's stumble, met with gold's powerful rally, was not a sign of the crypto market's demise, but rather its integration into a more sophisticated global financial ecosystem. It revealed a class of investors capable of harvesting profits from high-risk digital ventures and strategically redeploying them into the time-tested security of precious metals. While Bitcoin continues its volatile journey toward maturity, the episode was a resounding affirmation of gold's enduring power. In a world of increasing uncertainty, the ancient allure of physical gold is not just holding its own—it is shining brighter than ever. D
BITSTAMP:BTCUSD
by bryandowningqln
BTC/USD 12H local downtrend📊 Chart structure • BTC price: ~ 112,765 USD (decrease -2.18%). • Trend: after prior reflection from the holes (~ 107k), BTC is approaching the resistance zone. • Inheritance channel: The marked yellow line suggests that the price is still in a medium -term inheritance trend ⸻ 🔑 levels of support and resistance • Support: • USD 111,461 (close to support - if it falls, a quick test below). • USD 107,346 (key support - its loss opens the road towards 103-105k). • resistance: • USD 118.004 (important level of resistance). • USD 124.619 (strong resistance - local peaks). ⸻ 📈 indicators • SMA (movable average): • Red (SMA #1) - short -term, currently acts as dynamic resistance. • Green (SMA #2) - average, the price fights around it. • Blue (SMA #5) - long -term, still above the price, which means inheritance pressure. • MacD: • You can see a slight weakening of the growth moment. If there is no strong demand, it is possible to cut the signal down (inheritance signal). • RSI (12H): • fell from the level close to buying (~ 70) to ~ 45–50. • Neutral, but with a slight tendency to further weakness. ⸻ 🧭 Scenarios 1. Bullish: • Support defense 111,400 USD → Reflection up. • If $ 118,000 stands out, the next target is USD 124,600. • Breaking over 125K will negate the inheritance channel and can open the road to 130K+. 2. Bearish: • Support loss 111,400 USD → test 107,300 USD. • If the 107K does not stand, a further decrease is possible to 103-105k.
COINBASE:BTCUSD
by cryptodailyuk
BITCOIN Drop back towards 100k or rise to $130k? What's next?Bitcoin (BTCUSD) is at critical crossroads as it is pulling back today towards its 1W MA20 (red trend-line). We've discussed before of the importance of this level as a technical Support that has fueled the final BTC rallies during past Cycles. As this held on August 25 and closed the candle above it, we expected that to be this confirmation. Today's decline however jeopardizes this model, in fact the Parabola pattern of the current (2023-2025) Bull Cycle, has always been tested when Bitcoin closed below its 1W MA20. As you can see it has always declined and touched its 1W MA50 (blue trend-line) to form a Support and start the next Bullish Leg. The 1W MA50 is currently just below the $100k level so an aggressive drop below the 1W MA20 (candle closing) can take us around that area in a matter of 2-3 weeks. If however the 1W MA20 holds, it is more likely to see a rise to $130000 at least. And that is what the Sine Waves Tops imply (red Rectangle peak formation, with a 1W MA50 test more likely to occur in late January 2026. So what do you think? Is $100k or $130k next for Bitcoin? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
5
BTC Bearish Scenario This idea is comes from a place purely of pattern recognition, I believe BTC still has more to give this cycle but I have noticed similarities between the "Trump pump" top and the most recent top/ price action: Both tops feature a wick into the diagonal resistance, followed by a slightly larger wick making a new high before selling off. After the highs in January BTC sold off back towards the trend support level, could BTC follow this pattern this time around too? So far they are tracking very closely, the beginning of November would be the bottom at trend channel support if this was to play out. For me $108,000 is the key S/R level in this idea, a break below it would definitely open Bitcoin to the possibility, all the time price stays above it does look significantly stronger.
Short
by ProR35
5
Trading is Hard: Lessons From the Market's BrutalityTrading is Hard: Lessons From the Market's Brutality Woke up today to news that reminds us just how unforgiving this game is: “In the past 24 hours, over 404,000 traders were liquidated, with total liquidations reaching $1.7 billion. The largest single liquidation order was a $12.74 million COINBASE:BTCUSD swap on OKX:BTCUSD OKX.” - The Block That's the reality. And if anyone ever tells you trading is easy, be wary of such people. This post isn't meant to scare you away from trading. It's meant to show you the harsh truth of what you're signing up for. Better to see it clearly now than learn it expensively later. 🔻 The Brutality of Trading Trading is hard. Brutal. Merciless. The market doesn’t care how smart, strong, or experienced you are. It will humble you, strip you, and leave you helpless if you let it. The “perfect” strategy - if it exists at all - is not enough. Risk management cannot be overemphasized. Emotions creep in, no matter how disciplined you think you are. And even when you’re standing tall, one wrong step can knock you flat. 🎭 The Illusion of Perfection Even seasoned professionals with years of experience still get crushed. I call it the trading pandemic : when a chain of events clouds judgment, breaks confidence, and brings down even the best. The truth is: there’s no perfection in trading. Stay long enough, and the market will test you - again and again. It reveals more about you than about the trade itself: Your patience Your greed Your fear Your discipline when everything is falling apart 👥 Walk With the Pack, Think Solo Communities and mentors are valuable, but use them as mirrors for blind spots, not crutches for decisions. They are human. They are imperfect. And they, too, make mistakes. ✅ Smart engagement looks like: Sharing your analysis and letting it get torn apart before risking real money Learning from others’ post-mortems, not copying their live trades Listening to people who’ll call you out when you’re overleveraged or emotional Stress-testing your risk management, not validating your bias ❌ Dangerous dependency looks like: Jumping into trades because “everyone else is doing it” Asking “what should I buy?” instead of “what’s wrong with my thesis?” Copying position sizes without understanding their risk tolerance Seeking comfort instead of seeking truth 📝 At the end of the day: Only you know your risk profile Only you know what you can afford to lose Only you know the weight of your current life situation So walk with the pack, but think solo. Listen, learn, but take ownership. Once you hit that button, responsibility is yours alone. Trading alone blinds you to perspectives that could save you. Trading by committee blinds you to your own judgment. The balance? Use others as radar, but you’re still flying the damn plane. ♾️ The Infinite Game Trading is not a sprint. It’s not about quick wins this week and liquidation the next. This is an infinite game. The real goal is survival, staying in the market long enough to keep playing. That’s the edge. That’s what separates traders who last from those who burn out. Accept your losses early. Cut them when you must. See them as tuition fees in the school of trading. The market doesn’t care about your degree, your confidence, or your Discord signals. It humbles everyone equally. Every loss, every liquidation, every “I’ve figured it out” moment crushed, these aren’t just money lessons. They’re the mirror. They show you who you are under pressure. ⚔️ Final Word You don’t have to win every battle. You just have to stay alive in the war. The survivors aren’t the ones who never fall. They’re the ones who get back up, learn what the pain taught them, and return smarter - not just harder. Even in defeat, rise again. The market only truly beats the trader who quits. Survival is victory. Rise, learn, and keep playing the infinite game.
CRYPTO:BTCUSDEducation
by niclaxfx
48
Bitcoin / USDT – Short SetupAfter the recent bullish leg, I can see signs of a structure break on the daily chart, which may indicate the formation of a temporary market top. ➡️ The red zone (119,750 – 113,800) is acting as a strong supply area / resistance, where price is already showing rejection. ➡️ A distribution phase was observed before the drop, reinforcing the idea of buyer exhaustion. ➡️ The break of the recent low confirms a possible shift in market structure, increasing the probability of further downside movement. 🎯 Potential Targets: First target around the 90,000 – 88,600 zone (blue box). If selling pressure continues, deeper levels may be tested. 🔎 This bearish scenario will only be invalidated if price manages to reclaim and consolidate above the supply zone. ---
Short
by finalmenterico
1
BTC 4H Analysis - Key Triggers Ahead | Day 45😃 Hey , how's it going ? Come over here — Winter got something for you! ⏰ We’re analyzing BTC on the 4-Hour timeframe. 👀 On the 4-hour timeframe, Bitcoin formed a lower low followed by a lower high and lost its key support around $115,115 at the start of the new week, pushing price further down. Currently, BTC is testing support at $112,500, and if this level breaks, it could move toward lower supports. 🧮 The RSI oscillator shows that BTC fell below the 40 level toward oversold territory, triggering significant selling pressure. Bitcoin is now attempting to stabilize above the 30 level. If it fails, further downward movement is likely. 🕯 Red candle sizes and volumes have surged sharply at the start of this week, generating considerable FOMO in the market. If a large candle forms, it is likely to be bearish. The key question: will buyers step in to defend Bitcoin at this level? 🧠 Focus on short positions; long positions are removed for now. A break of the current support could trigger additional short opportunities. Watch the RSI carefully: if it exits oversold in the higher timeframe, short positions can be opened with more confidence. RSI acts as a multi-timeframe indicator, helping indicate market direction. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
by CryptosWinter
BTCUSD - Nothing broken - so farUp where the 0 (zero) is, at the white Centerline, BTC was trying to re-test it, when it came from the white 1/4 line. So a larger Hagopian kicked in, projecting price to go further down than from where it originally came. Price did what was projected by the Hagopian and cracked the low of 111'920. Then from Point 1, Bitcoin made it up to the red U-MLH. It was just natural resistance up there. Now we see a pullback to the south, which I had not expected last week. Even if we stop in the buyers zone, chances that BTC is trading down to the Centerline are around 80%. And down there we will find out if the white L-MLH will hold or not. If not, then we are in a 0 to 5 count to the south and we will see much lower prices. But as long as price can stay within the white Fork, we are still projecting it's most probable path to the upside in the long term timeframe. Happy new week and stay tuned for the news §8-)
BITSTAMP:BTCUSDLong
by HowToChart