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BTCUSD: 1D Golden Cross signals more upside to 155k.Bitcoin dropped below the overbought barrier on its 1D technical outlook (RSI = 69.592, MACD = 4447.700, ADX = 32.855) following today's Trump led pullback. On the long term though, this is nothing but a technical reaction to fundamentals and not enough to invalidate the bullish trend as not only did we make new ATH this week but also just completed a 1D Golden Cross. This is the first such pattern since October 27th 2024, which validated the previous bullish wave that peaked on the 2.0 Fibonacci extension. According to that, Bitcoin should extend the current uptrend with TP = 155,000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
2
BITCOIN is attempting to converge with past Cycles!Bitcoin (BTCUSD) is experiencing the weakest Bull Cycle in its history, a natural product of the Theory of Diminishing Returns (TDM). This chart couldn't have put it better as we show all Cycles since BTC's first day, one on top of the other. Naturally the first Cycles were the most aggressive, witnessing extraordinary gains as the upside potential of a fresh market was enormous in its early days. The 2015 - 2017 (blue trend-line) and 2019 - 2021 (black trend-line) Bull Cycles have been harmonized to a more traditional capital market state and this is obvious on their trend-lines, which exhibit similar parallel price action. Whenever the two diverged, they converged at some point during the Cycle. The current Cycle (2023 - 2025) following the late February 2025 divergence, is now attempting to converge again with its strong rebound in the past 6 weeks. Being however within a Channel Up throughout the entirety of the Cycle, it appears that it will do so in a structured way and as the TDM suggests, will offer weaker gains. What we can project, as we've shown on previous studies in great detail, is the timing of the Cycle Top. Based on past Cycles, it should be within October - December 2025. Timing your exit strategy can perhaps be more effective than assigning a certain Target, even though the peak is expected to be anywhere within the $150k - $200k range. So do you agree that the rise we're witnessing is the Cycle's attempt to converge with past ones and close the gap before it tops? 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:BTCUSDLong
by TradingShot
6
Bitcoin: 106K Breakout To 113K Resistance.Bitcoin is attempting to break out of a minor consolidation which is a typical momentum continuation pattern. The updated wave count illustrates the potential (113K area) IF this breakout follows through over the coming week. While the structure is clearly bullish, I suspect this is a 5th of a 5th wave relative to the wave structure dating back to the 2017 peak (weekly chart). For traders this offers plenty of opportunities particularly on the long side, BUT for investors this means the higher it goes, the GREATER the risk. In other words, a break out to new highs should be considered an opportunity to take profits or reduce risk. Wave 5's typically appear to be the "best" time to get involved in a market, but offer the LEAST potential and the greatest risk. I was not able to write my analysis over the previous week because I was hosting the ICTC 2025 (link in signature). My analysis the week before that was still bullish but I was anticipating a broader retrace which never materialized. Again the key in this game is ADJUSTING, not getting stuck on opinions. IF the 106K is compromised, and the daily candle closes strong, the breakout is more likely to follow through. This can lead price back to the 109K all time high. Since Wave 5's typically go higher than the Wave 3 peak, the next price objective is the 113K area which is proportional to Wave 1 on this impulse (similar length) when projected from the consolidation breakout (see illustration). It is possible that Wave 5 can extend further, because the broader price structure is bullish. The mistake to avoid is thinking "it's just getting started". The further it goes, the greater the risk. Longer term investors are MOST vulnerable in situations like this because they are more likely to follow the "hype" that surrounds such moves while be completely ignorant to the shrinking shorter term potential. Wave 5's often characterize the idea that the majority of participants who were going to buy have bought, which means there will be much less potential demand in the near future. This concept is NOT to be confused with long term fundamentals which often don't change. What changes is the sentiment and sentiment is what motivates price. The recent corrective move to the 76K low also illustrates this phenomenon. Fundamentally there was no reason for price to be pushing such lows. Such a move was provoked by the "perceived" risks brought on by the tariff drama which we know now was nothing more than a knee jerk reaction and an enormous buying opportunity for those who have the ability to see through the hype (read my analysis of that time). In my opinion the best way to navigate this market is on smaller time frames. Anywhere from 1 minute to 4H offers more precise price references to mitigate risk from. Another consideration is if you plan to trade the broader time frame, use smaller than usual sizing if you plan to dollar cost average into higher prices. The trend is clearly BULLISH which means support levels are more likely to hold while resistances are likely to break. Expect more from longs and LESS from shorts. Short setups, while tempting are going to be lower probability. This should only be done by more experienced traders who understand how to manage the elevated risk. This is the mindset I will maintain UNTIL the market proves otherwise. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
15
BITCOIN made new ATH but still much time left before a Cycle topBitcoin (BTCUSD) is about to enter the final week of May, with the month mostly likely to close on a strong green candle, the 2nd straight. Though it made yesterday a new All Time High (ATH) above 109k and many are already talking about a bearish reversal, this chart shows that there is still plenty of time left before the current Bull Cycle tops. If fact a simple measurement of the Bottom to Bottom and Bottom to Top ranges of the last 3 Cycles is enough to present all the evidence that are needed for this case. As you can see, the previous 2 Bull Cycles lasted for 35 months (1065 days) from Bottom to Top. Similarly, the Bottom to Bottom (Bear Cycle to Bear Cycle) measurement has been 47 months (1430 days). This amazing symmetry suggest that BTC is more likely than not to repeat this feat on the current Cycle as well. A 35 month range from Top to Top indicates that the Bull Cycle is expected to peak on October 2025, while a 47 month Bottom to Bottom range indicates that the next Bear Cycle should bottom in October 2026! As far as a potential price top is concerned, various of the previous analyses we've conducted show that $200k is a fair maximum, but the current study focuses on the timing of profit taking and not specific price levels. So are you willing to book your profits by this October? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
BITCOIN MASSIVE BREAKOUT|LONG| ✅BITCOIN is trading in an Uptrend and the coin finally Made a bullish breakout of The previous ALL-TIME-HIGH Of 109,200$ level which Was a strong resistance Level and the coin is now trading Almost 3% above the previous ATH Which reinforces our bullish bias In a powerful way and after a Potential pullback we are quite Likely to see some further Growth on Bitcoin LONG🚀 ✅Like and subscribe to never miss a new idea!✅ 

 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:BTCUSDLong
by ProSignalsFx
BITCOIN Ultimate Cycle Zones breakdown! See when to sell!Bitcoin (BTCUSD) is extending its amazing rebound on its 1W MA50 (blue trend-line), having recovered all of the losses sustained following the U.S. - Chine Trade War. Based on this Cycle's pattern, this 1W MA50 rebound is technically the new Bullish Leg, essentially its 4th of this Cycle. Among all this, we managed to identify another cyclical pattern, separating the Cycle in terms of Activity Zones: Naturally its very bottom is what we call the 'Best Buy Zone' (green), where BTC's earliest and most optimal buy opportunities existed. That ranges within the 0.0 and 1.0 Fibonacci levels. Above that it's the 'Final Buy Zone' (yellow) where in relative efficieny terms, the last long-term buy opportunities existed. That Zone consists of the 1.0 and 2.0 Fibonacci levels. Third in line is the 'First TP Zone' (orange) where long-term investors who seek lower risk, can start taking profit on their positions. The range on that is the 2.0 - 3.0 Fibonacci levels. Lastly it's the 'Fina TP Zone' (red) where obviously it is the last opportunity (and with the greatest return but also elevated risk) to take profits before the Cycle prices its Top. This consists of the 3.0 - 4.0 Fibonacci range. As you may have noticed, each Zone has a .618 interval (highlighted in blue). Zone 1 has the 0.618 Fib, Zone 2 the 1.618 Fib, Zone 3 the 2.618 Fib and one 4 the 3.618 Fib. This is where (so far) the price has made a first consolidation - correction after the start of the new Bullish Leg and before it gets completed at the top Fib. The last such consolidation was from mid December 2024 to late January 2025 and as you see those tend to be significant marks. This model shows that the current Bullish Leg should prepare us for the Final TP Zone and its first stop is the 3.0 Fib at $135k. This is the bottom of the Final TP Zone and the first region that long-term investors should consider taking profits. The key 3.618 Fib extension is at $210k and in our opinion is the absolute max level we should look to sell all positions as chronologically Cycle wise the trend falls there towards the end of the year, which is where all Cycles topped. A 4.0 Fib test is highly unlikely to take place within this Cycle, unless macroeconomic fundamentals (extreme adoption and/or monetary intervention) kick in and that sits at $280k. But what do you think? Do you agree with this Zones break-down and if yes are you considering taking profits at 135000? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
BITCOIN Free Signal! Sell! Hello,Traders! BITCOIN keep growing in a Strong uptrend but the price Will soon hit an an all-time-high Price around 109,400$ which Is also a resistance from where We can go short with the Take Profit of 103,900$ And the Stop Loss of 109,739$ Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:BTCUSDShort
by TopTradingSignals
1
BITCOIN This Cycle's peak zone is $150k - $200k.Bitcoin (BTCUSD) is extending its gains week after week since the April 07 bottom on the 1W MA50, which as we've analyzed extensively its a new Higher Low launchpad for the new (current) Bullish Leg, the way it's been consistently doing on the Higher Lows trend-line since the start of this Bull Cycle. It's in fact the very same Higher Lows trend-line it had during both previous Cycles, which ended up peaking on the Logarithmic Growth Curve's (LGC) top 2 zones (red), breaking also above the 2 SD above band (orange) of the Mayer Multiple Bands (MMB). This time the price has 'only' broken above the 1 SD MMB (grey), while having breached into just the lower pink LGC zone. This highlights the theory of Diminishing Returns but at the same time also shows the strong upside potential of the market while subject to these conditions. So assuming it won't hit by the end of this Cycle the 2 SD MMB nor the top 2 zones of the LGC, the bad case scenario seems to be topping the lower pink LGC zone and the good case scenario topping the upper pink LGC zone. Those two give a profit taking range of 150 - 200k respectively and based on the Sine Waves, we should peak around October 2025. Is that your profit taking zone as well for this Cycle? 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:BTCUSDLong
by TradingShot
16
BITCOIN forming 1st 1D Golden Cross in 7 months! New ATH ahead??Bitcoin (BTCUSD) is about to form its first Golden Cross on the 1D time-frame in 7 months (since October 27 2024). This comes with the price very close to its $109k All Time High (ATH), following a relentless rebound and recovery from the Trade War correction. Within the Bull Cycle's 2.5-year Channel Up, all 1D Golden Crosses have delivered higher prices instantly and the minimum % rise one has given before a new 1D MA50 (blue trend-line) pull-back, has been +33.11%. This gives us an immediate Target of $135000 and is very much in line with a number of previous projections that the date show within this Target Region. Notice also how on all 3 last 1D Golden Crosses, a 1W MACD Bullish Cross precedes it. Basically that is the double confirmation of the medium-term bullish extension. So do you think this 1D Golden Cross is such a strong buy signal and if yes, is $135k the bare minimum Target short-term? 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:BTCUSDLong
by TradingShot
1
BITCOIN 's 'Final 6 months rally' kickstarts the Altseason!This isn't the first time we show you this chart but it couldn't be more relevant than today. We have established on previous analyses how Bitcoin (BTCUSD) has most likely started the final rally of its Cycle, historically the parabolic rally of the last 6 months of the Bull Cycle that ends with its Top. The addition of today's analysis is that with Bitcoin Dominance (orange trend-line) approaching its 8-year Lower Highs trend-line, this 'Final 6 months rally' of BTC is what technically also starts the Altseason. This is when lower cap coins see massive gains compared to the high cap ones. At the same time, we get one more confirmation of why a $150k BTC Target is realistic, as by the end of 2025, this price would still be on the 0.618 Fibonacci level of the 8-year Fib Channel Up, a rather 'bad case' scenario based on this pattern. So what do you think? Will BTC's Final 6 months rally spark a massive Altseason too? 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:BTCUSDLong
by TradingShot
BITCOIN making the FINAL PUSH! Only 6 months of BULL left!Bitcoin (BTCUSD) has had n astonishing symmetry among its Cycles in the past 11 years, as all three of the Bear Cycles have had identical durations (13 and 12 months twice) as well as the two Bull Cycles (both 35 months). As a result, there is no reason to assume otherwise for the current Bull Cycle as well, which if it also lasts for 35 months, it will peak in October 2025. This means that BTC might 'only' have another 6 months of Bull Cycle ahead of it but that's not bad news as historically this phase tends to be the most aggressive part. Even if it's not, various studies we've done before point out that a price around $150k would be more than fair and practically a 'pessimistic' scenario for the Cycle High. Do you think that will be the case? 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:BTCUSDLong
by TradingShot
7
BITCOIN on similar spot as before the U.S. elections! 155k next?Bitcoin (BTCUSD) broke last week above the Lower Highs trend-line of its December 2024 High and so far on the current 1W candle, it's consolidating on it. This is the exact same price action we saw on the October 21 2024 1W candle, which after breaking above that Lower Highs trend-line at the time, it spend 2 weeks consolidating on it before the November 05 U.S. election result started a relentless 7 week rally just below the 2.0 Fibonacci extension. Note that on both fractals, the Lower Highs break-out and then re-test, took place on the 0.786 Fibonacci retracement level. If BTC manages to close above it at all times, we will have a strong case to expect again a Bullish extension as last December. The symmetrical level just below the 2.0 Fib ext in today's terms is $155000. Do you think that will be next after a short-term consolidation? 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:BTCUSDLong
by TradingShot
6
BITCOIN about to test its ATH following HUGE U.S. - China deal!Bitcoin (BTCUSD) is marching towards the $109000 Resistance, which is its All Time High (ATH), following the U.S. - China trade agreement 3 hours ago. This can be a huge fundamental boost to the bullish trend as technically, every time the Resistance level broke during this Bull Cycle, the break-out that followed was extremely aggressive. On October 2 2023, the Resistance test resulted into a strong break-out, which completed a +96.18% rise from the bottom before a 1D MA100 (green trend-line) pull-back. At the same time of the Resistance break-out, we had a 1D MA50/100 Bullish Cross and a 1W MACD Bullish Cross. The October 29 2024 Resistance test on the other hand was initially unsuccessful and made a 5 day rejection back near the 1D MA50 (blue trend-line) before the next successful test. Again the rise was more than +96.18%. As a result, we are expecting to see at least $145k by July (+96.18%) once the Resistance breaks. Do you think that is a realistic time-frame for $145000? 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:BTCUSDLong
by TradingShot
4
BITCOIN Monthly RSI Heatmap reveals ultimate Cycle Sell Zone!Bitcoin (BTCUSD) has resumed the long-term bullish trend and as of the writing of this analysis, it is about to test the $100k key psychological level. Now that the Bull Cycle is entering its final stage (most likely for the next 6 months at most), it is time to see potential exit levels as close to the expected Top as possible. There is no better long-term indicator to assist us on this than the 1M RSI, which historically offers a great level to Sell when it enters the 0.786 - 1.0 Fibonacci range of its Channel Down. Currently it is still considerably distanced from that Zone, so the upside potential despite the recent break-out, is huge. The Sine Waves indicate that in symmetrical terms, the Cycle Top should be priced around November 2025 (previous ones on November 2021, December 2017, December 2013). The closer the 1M RSI is to this date when it enters the 0.786 - 1.0 Fib Zone, the better as the higher the price will most likely be. Based on this Cycle's Channel Up (blue), a fair Cycle Top range would be $150k - $200k. Would you agree? 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:BTCUSDLong
by TradingShot
9
BITCOIN Mirror fractal from the past calls for massive rally!Bitcoin (BTCUSD) appears to be repeating almost the exact same price action as mid-late 2020 as it has broken above the Pivot trend-line that separates the recent distribution from the 2nd Accumulation phase and has successfully re-tested it while the MA50 (blue trend-line) is holding as Support. If the latter continues to hold, then it might fuel a massive rally similar to October 2020 - April 2021. As you can see both fractals started of with a 1st Accumulation Phase (blue Rectangle) being supported always by their respective MA200 (orange trend-line), which led to the eventual Distribution Phase (red Arc). Even their RSI sequences are identical. Is this another pattern supporting that BTC will reach at least $150k next? 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:BTCUSDLong
by TradingShot
18
BTCUSD Possible Move May 6th 2025🔻 BTC/USD – SHORT SIGNAL & ANALYSIS 📉 Signal: Sell BTC/USD below 94,000 after a confirmed break and retest of the ascending trendline. Target: 93,000 liquidity zone Stop Loss: Above 94,400 (or structure high after retest) Risk/Reward: Approx. 1:2+ 📊 Analysis: Price has been in a descending channel, followed by a corrective structure forming higher lows. Currently testing a rising trendline, suggesting weakening bullish momentum. Clean liquidity pool rests around 93,000, likely to be targeted if structure breaks. Expected flow: Break below 94,000 trendline Retest the trendline as resistance Continuation to 93,000 demand/imbalance area 🧠 Trade Idea Summary: This setup aligns with bearish market structure and liquidity concepts. A breakdown from the trendline would confirm bearish intent, with 93,000 as the next logical draw on price.
CAPITALCOM:BTCUSDShort
by QuinnReed_Charts
BITCOIN Climbing the Fibonacci Staircase..Bitcoin (BTCUSD) has come into the Fed Rate Decision week stronger that ever, having staged an impressive rebound from the early-April Low. The consolidation of the last few days is of course a market reaction in anticipation of the big interest rate news. Regardless of that, the Channel Up that is the underlying pattern from the start of this Bull Cycle has been filling on an impressive symmetrical scale all .382 Fibonacci extensions one by one. The most recent has been the 4.382 and naturally the next in line is the 5.382 Fibonacci extension. Since the last one (4.382) was almost hit before the price pull-back, it would be more fitting to assume the next peak slightly below the 5.382 Fib ext as well as $170000. This may very well be the final High i.e. the Cycle's Top before the next Bear Cycle begins, depending on the time it hits it. Do you think that would be the case? 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:BTCUSDLong
by TradingShot
3
BTCUSD: 1H Death Cross might be dangerous but expect $100k if inBitcoin remains bullish on its 1D technical outlook (RSI = 61.614, MACD = 2557.800, ADX = 37.923) despite the correction since Friday's high. This is because the underlying pattern is a Bullish Megaphone which just bottomed. On the other hand, the 1H timeframe just formed a Death Cross. If this is invalidated and the price remains inside the Bullish Megaphone (also see that the 1H RSI is on a Bullish Divergence), we can see $100k on the next leg up (1.5 Fib extension like the 2 HH before). If the Bullish Megaphone breaks, testing the 1D MA200 at least, is veyr likely. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
BITCOIN 1st 1W MACD Bullish Cross in 7 months!Bitcoin (BTCUSD) is ahead of completing this week a Bullish Cross on its 1W MACD, which will be the first one after 7 months (since October 14 2024). This is a major technical bullish development as since the very first one (Sep 26 2022) right before the November 21 2022 Bear Cycle bottom, it has always kick-started the Bullish Legs of this 2.5-year Channel Up. In addition to that, this was accompanied by an Ichimoku Bullish Cross, where the Conversion Line (green) crossed above the Base Line (black). Considering also that exactly 4 weeks ago BTC found Support and rebounded on the 1W MA50 (blue trend-line), we can safely confirm a Bottom there and call for the minimum +100.73% rise, similar to the first Bullish Leg of this Channel Up. We remain consistent to our $150000 Target. So do you think this 1W MACD Bullish Cross is the final confirmation we need for the new Bullish Leg? 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:BTCUSDLong
by TradingShot
1
Bitcoin: First Leg Of Wave 5 To 109K.Bitcoin has lingered around the 95K resistance area over the previous week. In my opinion this is a sub wave iii completion (5 mini waves can be counted within the bullish breakout leg). This implies there is a greater probability of a retrace or sub wave iv (see wave count on chart). The retrace can go as low as the 90K support without overlapping sub wave i which would keep the bullish impulse in play. Also there is enough evidence here to suggest this structure is likely the first wave of the broader Wave 5 which can see a test of the 109K high over the coming months. The current high (see arrow) shows signs of potential reversal at a location where such a pattern can be expected. The question is, when will it retrace and how far? It is anyone's guess. This is where you have to have the ability to adjust as the market provides new information. Until then the best we can do is assess loose probabilities and wait to see how the market aligns or not. The adjustment process is two fold: evaluating support/resistance levels and assessing the RISK associated with a given scenario. For example, the illustration on the chart shows a retrace back to 90K, this or some variation of this scenario may or may not unfold. The key is to have levels identified in advance and then WAITING to see how the market behaves at such levels. Does it confirm our idea or not? In the case of Bitcoin now, the 95K area resistance is sticking and a reversal pattern has appeared which adheres to the retrace scenario, but how far it retraces is up to Bitcoin. We have to wait and see what type of bullish reversals appear and where they appear before RISK can be assessed for a swing trade on this time frame. Markets that linger around levels can be very hard to trade if you are the type that forces trades or assert opinions. Slow grinds are especially tough to sit through which is why I always suggest evaluating smaller time frames while keeping this bigger picture in mind. There are plenty of smaller opportunities to capitalize on if you can recognize the support/resistance levels and trend structure on the smaller time frames without losing site of the bigger picture. On this time frame for swing trades, I am not interested in the short side. I prefer to wait for the retrace (wave iv) measure to see how far it goes, WAIT for the reversal confirmation, then quantify the RISK from that point. IF this scenario appears, I would be anticipating a retest of the 100K resistance and expecting a greater chance of a breakout to a higher high (low to mid 100ks)? This can take at least two weeks to play out in my opinion. And if this scenario does not play out, then adjust to the whatever new information the market is presenting. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
12