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Bitcoin (Cryptocurrency)

BTCUSD Short-Term Setup: Buyers Defend Support, TP1 at $89,200Hello traders! Here’s my technical outlook on BTC/USD based on the current market structure. After reaching the Seller Zone near $92,000, the price once again faced strong rejection, forming a clear reversal right under the descending Trend Line. This confirms that sellers continue to defend this area and keep Bitcoin within a broader corrective structure. From there, BTC pulled back toward the Buyer Zone around $86,000–$85,500, which has acted as a reliable support multiple times in the recent sessions. The market is now forming a potential short-term recovery after a fake breakout below this zone, highlighting attempts from buyers to regain control. However, as long as the price trades below the Seller Zone and the descending Trend Line, bearish pressure still dominates the chart. The structure suggests that Bitcoin may attempt a move toward TP1 at $89,200, where the market previously consolidated and faced resistance. A clean rejection from the Trend Line could send the price back toward support for another test, while a confirmed breakout above $92,000 would shift short-term sentiment and open the way for stronger bullish continuation. On the other hand, a breakdown below $85,500 could expose BTC to deeper declines toward lower support lines. Please share this idea with your friends and click Boost 🚀
BINANCE:BTCUSDLong
by LegionQ8
17
Bitcoin Comes Back to Life! Buyers Return With Full PowerIf I had to name a “warrior rising from the storm” , it would be BTCUSDT right now. After plunging to the 84k region, Bitcoin has just staged an almost 7% rebound back toward 93k, accompanied by news that big money from Wall Street is flowing back into crypto and overall fear in the market is calming down. The USD is no longer overly strong, and Bitcoin is once again being mentioned as a key gauge of market risk appetite . Looking at the 12H chart, BTC has broken back above the bottom of the long-term descending channel and is now pushing into the Ichimoku cloud. This rebound isn’t a “spike and die” pattern — it’s a sequence of steady bullish candles with shallow pullbacks , showing that buyers are firmly in control. The scenario is becoming clearer: price may pull back to around 90,500 to gather liquidity and retest the cloud edge, before potentially bouncing toward the higher resistance region around 107,300 — the next equilibrium zone of the trend. With the supportive news flow (institutional money re-entering, market accepting a new price base after the drop) and a technical structure showing BTC has temporarily escaped the free-fall phase , I remain biased toward buy-the-dip setups . The plan is to wait for short pullbacks for entries rather than trying to sell against a recovering bullish wave that’s clearly being “revived”.
Long
by Paradise_Noir
6
BTC 4H – Complete Technical Analysis & Trade PlanMarket Structure BTC is still in a macro downtrend, continuously creating Lower Highs (LH) along the descending trendline. Recent bounce from 87,766 formed a Higher Low (HL), but structure remains bearish until price closes above 93,080. Key Levels Resistance / Liquidity Above: 93,080 (Major LH + liquidity cluster) 98,888 107,473 116,380 Support / Liquidity Below: 87,766 (HL) 83,786 80,600 Pattern & Trend Price is compressing inside a symmetrical triangle, between: Descending trendline resistance Ascending demand trendline This signals a volatility expansion soon. Indicators RSI: 65 → bullish momentum but approaching overbought zone. Previous bullish divergences have played out. No fresh bearish divergence yet. Volume Impulse buying was strong, but volume faded near resistance. This warns of a potential rejection unless a breakout happens with high volume. Next Likely Move BTC likely sees: A pullback from the 93k resistance Into the 90k–89.5k region Then a decisive move based on trendline reaction. Break above 93,080 = trend shift. Break below 87,766 = continuation down. High-Probability Long Setup Condition: Breakout + retest of 93,080 Entry: 93,200–93,300 on successful retest SL: 91,300 TP1: 98,888 TP2: 107,473 TP3: 116,380 RR: 2R to 7R Confluence: Break in structure, break in trendline, liquidity sweep, volume expansion. High-Probability Short Setup Condition: Rejection from descending trendline + 93k zone Entry: 92,800–93,000 SL: 93,800 (above liquidity) TP1: 90,000 TP2: 87,766 TP3: 83,786 TP4: 80,600 RR: 1.8R to 7R Confluence: Trendline resistance, LH zone, fading volume, liquidity above price. Summary BTC still bearish until 93,080 breaks. Market in compression phase. Large move coming soon. Best setups: Break-and-retest long above 93,080 Rejection short from 93,000
by CryptoPMYT
1
BITCOIN (BTCUSD): Bullish Reversal is Coming?! On our yesterday's live stream, we discussed Bitcoin. It looks like the market found a bottom and preparing for a bullish reversal. To confirm a start of an uptrend, I suggest focus on 92000 - 94100 Order Block zone. Its breakout and a daily candle close above will confirm a bullish reversal. A formation of a Higher Low after the last retracement from that leaves some clues of a weakening bearish momentum. A breakout will be our final confirmation. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
COINBASE:BTCUSDLong
by VasilyTrader
6
BTC (bitcoin) Double-Bottom Reversal Testing Key ResistanceHi! The chart shows Bitcoin forming a clear double-bottom pattern, supported by bullish RSI divergence on the lower panel. This combination often signals exhaustion of downward momentum and a potential trend reversal. The price has rallied strongly from the second bottom and is now pressing directly into the neckline zone, which aligns with a broader descending trendline drawn from previous swing highs. This overlap creates a high-confluence resistance area. The current reaction here is critical: if price decisively breaks above the neckline and closes above the descending trendline, it would confirm the reversal structure and open the path toward the next major liquidity pocket around the 100k–104k region, marked on your chart as the target. This region matches previous consolidation and supply, making it a realistic upside magnet if breakout momentum is strong. However, without a confirmed breakout, the neckline remains a potential rejection level, and price could retest the mid-range or even revisit trendline support. Bulls need continuation volume above resistance to flip the zone into support. Overall, market structure has shifted from aggressive selling to a constructive bottoming phase. The key now is whether bulls can convert this pattern into a sustained trend reversal.
by melikatrader94
13
The Era of Gentle Money (QE)- This chart features labels for all key dates, offering a clear and comprehensive overview, including trillions in money creation, QT and QE phases, crises, and flash printing events. - To truly understand stocks, cryptocurrencies, or precious metals, you first need to understand the monetary system and how it drives inflation. - The market has been heavily suppressed since June 2022, when the Fed began its Quantitative Tightening (QT), the Fed kicked off a new QE phase on December 1, 2025. - This is the primary driver behind yesterday’s BTC market surge. - To complement this, we will soon have a new Fed President, Most likely, they will continue cutting rates, printing more money, and Banks will increase lending, encouraging people to take more risks, which could drive markets higher. Bearish sentiment is premature at this stage. The heart of truth beats in the printer and in the river of liquidity ! Happy Tr4Ding !
ECONOMICS:USCBBSLong
by thecryer
2
IS ETH ABOUT TO CRASH LIKE LUNA CLASSIC?I pointed this out a couple years ago you can fins my chart in my profile but I think ETH might crash like Luna Classic did. Look at the similarities with the massive rising wedge. ETH is actually outdated, clunky, the fees are stupid high, and its extremely overvalued, in my opinion. I called the Luna Classic crash down to about 50 cents from when it was at its high around 70 dollars, Ill link it below, it went waaay below even my crazy target. People thought I was crazy, go read the comments. I think the same is on tap for Ethereum. Its already broken below if it cant get back above, I see a waterfall of red candles. What the narrative will be who knows but its coming. The chart I added of Luna you cant even find it anymore on here this is a screenshot of that chart from my previous ideas. Not financial advice just my opinion.
BITSTAMP:ETHUSDShort
by Bitgolder
40
BTCUSDT.P - December 3, 2025Bitcoin is attempting to reverse from a prior downtrend, trading above a short-term rising trendline and pushing into a key resistance band around 93,000–94,300. The chart highlights a bullish scenario targeting the 112,000 area if price can clear this resistance and hold above the stop zone near 97,800. A failure to break and sustain above resistance, coupled with a break below the trendline, would favor a corrective move back toward the 87,300 profit level marked on the chart. Momentum is improving but remains vulnerable around resistance, making this a pivotal area for trend confirmation.
by miljedtothemoon
$BTCUSD - #Bitcoin cycle analysisHi guys! 👋🏻 🔔I'd like to share with you my current Bitcoin BTCUSD analysis here. 🔔 The last correction is taking an impulse 5-wave structure, it seeems like we are about to complete the 5th wave of the Intermediate A, bounce back to $102K to complete the B and drop back to the levels near $70K - 64K to complete the correction. 🔔 I know it sounds disappointing but we need a correction to regain power. Now, before throwing tomatoes, please see cycle charts below. And never underestimate the power and rules of cycles in the market. 🔔 Why channels always matter 🔔Wave paths 🔔Fibo 🔔 Path to $150K shall look like this 🔔Concetration of Supports and Resistances Sharing for educational purposes! ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:BTCUSDShort
by azizelliott
1
$BTC — WEEK 49 TREND REPORTBTC — WEEK 49 TREND REPORT Ticker: BITSTAMP:BTCUSD — 12/02/2025 @ 90,800 Timeframe: WEEKLY This is a reactive structural classification of BTCUSD based on the weekly chart as of this timestamp. Price conditions are evaluated as they stand — nothing here is predictive or forward-assumptive. ⸻ 1) Current Trend Condition • Trend Duration: +9 weeks (bearish) • Trend Reversal Level (Bullish): 103404.5$ • Trend Reversal Level (Bullish)( Confirmation ): 103405$ • Pullback Support: 100,074$ • Correction Support: 79,507$ ⸻ 2) Structure Health • Retracement Phase: Correction (approaching 61.8%) • Position Status: Unstable (price below both structural layers) ⸻ 3) Temperature: • Cooling Phase ⸻ 4) Momentum : • Bearish ⸻ Author’s Note This analysis is fully reactive, not predictive. Market conditions, trend structure, and behavior are classified as they appear in real time. The objective is to identify where directional shifts first occurred, where structural integrity remains intact, and where it would begin to weaken if key levels were breached. Predictive analysis projects outcomes that do not exist yet. Without price confirmation, prediction is built on baseless assumptions. This framework avoids that entirely by responding only to verified structural changes and live conditions. The levels shown simply identify where the current trend structure first shifted and where it would begin to lose integrity if breached. Recognizing these boundaries allows for clearer interpretation of market behavior without relying on forward guarantees, speculative projections, or unsupported assumptions. ⸻ Methodology Overview This classification framework evaluates directional conditions using internal trend-interpretation logic that references price behavior relative to its structural layers. These relationships are used to identify when price movement aligns with the framework’s criteria for directional phases, transition points, or regime shifts. Visual elements or structural labels reflect these internal interpretations, rather than explicit trading signals or preset indicator crossovers. This framework is observational only and does not imply future outcomes.
BITSTAMP:BTCUSDShort
by GURULifeline
Bitcoin’s Worst November Ever — More Dump?In the past 24 hours, Bitcoin( BINANCE:BTCUSDT ) has dropped by more than -8%, marking its worst November performance ever, with a decline of about -17.67% this month alone. Now, the question is whether Bitcoin will continue its downward trend or start to rebound. So, stay tuned! At the moment, it seems that Bitcoin has successfully broken through the support zone($87,000-$85,130) and is moving toward the Cumulative Long Liquidation Leverage($83,273-$81,900). From an Elliott Wave perspective, it appears that Bitcoin has completed its main wave 4, forming a bull trap, and is now in the process of completing the main wave 5. On the fundamental side, we need to pay attention to a few key factors: 1-For one, the USDT.D% ( CRYPTOCAP:USDT.D ) is on the rise, and this could put downward pressure on the crypto market. 2-Another point is that the stock market is also trending upward, but unlike stocks, Bitcoin tends to react more negatively when the stock market declines. 3-The US 10-Year Government Bond Yield ( TVC:US10 ) also appears to be trending upward, causing riskier assets like stocks and Bitcoin to decline. 4-Additionally, geopolitical tensions, especially between the US and Venezuela over the past 72 hours, could also trigger further declines in Bitcoin if they escalate. Considering all of this, I expect Bitcoin to continue its downward trend and test the heavy support zone($78,300-$71,280). The Potential Reversal Zone(PRZ) might serve as a rebound point for Bitcoin, but if the heavy support zone($78,300-$71,280) is broken, we could see a more severe sell-off in the crypto markets. What do you think? Will Bitcoin drop below $70,000 or not? Let me know your thoughts! Cumulative Short Liquidation Leverage: $97,100-$98,135 Cumulative Short Liquidation Leverage: $93,215-$94,130 Cumulative Long Liquidation Leverage: $80,263-$78,131 First Target: Cumulative Long Liquidation Leverage: $80,263-$78,131 Second Target: Potential Reversal Zone(PRZ) Stop Loss(SL): $90,423 Points may shift as the market evolves 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Bitcoin Analysis (BTCUSDT), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
Short
by pejman_zwin
38
BTC 2026 Outlook - Roadmap Speculation to $300KHello BTC Watchers. Let's talk about BTC in the Logarithmic view. I mapped out the date-ranges, as well as how far the price fell logarithmically after each top. You'll see the word "lines" on the chart. This simply indicates the amount of diagonal trendlines it has fallen. By using this pattern-dedicated approach, a commonality is found which may be useful in speculating a future price. Because if not for past history, how else would we speculate on the future? It's interesting to note that the past 3 ATH's (all time high's) are each lower than the previous if you compare it not to price but to the "lines". Even the fifth high (the one coming next) will be on a lower click-line than the previous, and that estimate is already over 300k. This is a really helpful way to speculate a future high because usually on a regular-view chart, the zone above the ATH is uncharted territory. You could use a Fibonacci trend-based extension, but this is limited to the cycle that you're using for input points. Logarithmic chart + indicators factor in the entire history of the price. This would mean the new peak could be in 2026 around USD 300k. It's important to note that this ay not be a straight line up. As you'll see, although the price has been increasing exponentially, there have been periods of hard pullbacks or corrections. These are great times to enter the market, NOT when the price is close to the peak of the curve (in green). So could it be that this is just another dip in the road towards a new ATH - despite the recent market liquidation?
INDEX:BTCUSD
by Crypto-Check-
28
ZEC Breakdown or Bounce? Key Support in PlayAfter a strong multi-week rally, ZEC is now showing signs of exhaustion and appears to be breaking down from recent highs. Price is testing a critical support area, and how it reacts here could shape the next leg of the move. We are watching the $300–$310 zone as a potential entry point if buyers step in. This area has previously acted as a consolidation range and could offer a clean bounce setup. If support holds, we could see continuation toward higher targets. 📈 Trade Setup: Entry Zone: $300–$310 Take Profits: $370 / $450 Stop Loss: $251
Long
by Richtv_official
BTCUSD Daily: Watching for Post-ATH Correction Pattern to UnfoldPotential Local Bottom Ahead? Overall Outlook: I'm tracking a recurring pattern in Bitcoin's price action following each all-time high (ATH), involving sharp drops, interactions with the 50-day and 200-day moving averages (MAs), and key Fibonacci levels. This has played out twice before in this cycle, and we're now in the midst of what could be the third iteration. The setup suggests a potential further drop of around 33.78% from the latest ATH, targeting the 100% Fib level for a local bottom, possibly timed near a death cross. If this holds true, it could signal a strong buying opportunity at the bottom, as price has historically reversed and rallied hard afterward. For now, the theory looks promising, but I'll update this idea as events unfold. Key Pattern and Historical Observations: This analysis focuses on a consistent post-ATH correction structure that's emerged in Bitcoin's daily chart over the past couple of years. It typically involves: A new ATH breaking above a key Fib extension level. A subsequent drop of 31-33%, crossing under the 50MA and 200MA. Bottoming near a lower Fib level (often 2 levels below the ATH breakout point), with timing influenced by the death cross (50MA crossing under 200MA). Post-bottom recovery: Choppy ups and downs, reclaiming MAs and Fib levels, leading to the next leg up. Let's break it down by each ATH in the series: First ATH (March 2024): Peaked at $73,794, right above the 78.60% Fib level. This was followed by a 32.82% drop to a local bottom at $49,577. Price action dropped 2 Fib levels to land at the 50% Fib, after crossing under both the 50MA and 200MA. Notably, the local bottom formed just days before the death cross occurred, suggesting the cross could help time reversals. From there, recovery wasn't immediate, price pushed up, hit resistance at the 200MA, dropped, rallied again, and repeated this process. Eventually, it found support at the 50MA and pushed over the 200MA. This consolidation phase lasted from March to August 2024 before the uptrend resumed. Second ATH (January 2025): Hit $109,356, breaking above the 127.20% Fib level. Similar to the first, it dropped 31.93% to a local bottom at $74,434 and again, 2 Fib levels lower, landing close to the 78.60% Fib (which was key in the prior ATH). This time, the bottom came shortly after the death cross, flipping the timing slightly from the previous instance (after vs. before). Post-bottom, price reclaimed the next Fib level and the 50MA, then crossed the 200MA and held strong without looking back, all the way until October 2025. Third ATH (Early October 2025): Reached $126,272, just above the 161.80% Fib level. Following the pattern, but accelerating faster this time, price has already dropped under the 200MA and found at least temporary support at the 127.20% Fib level. Current Setup and Open Questions: Based on the prior two ATHs, this third one raises two key questions that could define the next move: Will price drop to the next lower Fib level? That would mean targeting the 100% Fib, implying a total drop of around 33.78% from the $126,272 ATH (putting the local bottom somewhere near $83,600, give or take based on exact Fib anchoring). Will a death cross mark the bottom? In the first case, the bottom was days before the cross; in the second, shortly after. Watching for an impending death cross could help time the reversal in real time. If the pattern repeats, we're likely in the early stages of the correction, with more downside before the bottom forms. This setup has a good chance to play out given the historical parallels, offering a prime spot to buy the dip once the local bottom confirms. I'll keep this idea updated as price action develops, especially monitoring Fib interactions, MA crosses, and any signs of reversal. Potential Trade Considerations: Watch Zones: Resistance: 161.80% Fib ($126,272, prior ATH) and 200MA for any failed retests. Support Targets: 127.20% Fib (current temp support), then 100% Fib for the potential local bottom (~33.78% drop zone). Entry Idea: No aggressive positions yet, wait for signs of bottoming near the 100% Fib or around a death cross. If confirmed, long entry on reversal signals (e.g., bullish candle above 50MA). Risk Management: Set stops below key Fib supports. Target post-recovery upside to prior ATH or higher Fib extensions. Invalidation: A quick reclaim of the 200MA without further drop could break the pattern, shifting to bullish continuation. External Factors: While the technicals are strong, BTC in late 2025 is heavily influenced by US macros, which could amplify or disrupt this post-ATH drop pattern. For instance: Ongoing Government Shutdown: The US federal government has been shut down since October 1, 2025, making this the longest shutdown in history (now at 39+ days as of Nov 9). It's causing widespread disruptions, including halted SNAP benefits for millions, delays in airport operations due to air traffic controller shortages, increased reliance on food pantries by military families, and broader economic strain like reduced tourism and spending ahead of Thanksgiving. Negotiations are stalled, with Senate Republicans pushing for votes to reopen but Democrats holding out for extensions on ACA tax credits. This uncertainty could weigh on risk assets like BTC, potentially accelerating the expected 33.78% drop if it drags on and hurts consumer confidence or triggers a recessionary vibe. On the flip side, a quick resolution might spark a relief rally, shortening the correction phase. Fed's Stance on Rate Cuts: There's no FOMC meeting in November, so no rate cut then. For December, Fed Chair Powell emphasized after the October 29 quarter-point cut (bringing the fed funds rate to 3.75%-4%) that another reduction is "not a foregone conclusion" and depends on incoming data. Internal divisions are evident: some officials like Beth Hammack and Lorie Logan question further easing, citing a resilient economy and risks of reigniting inflation. The shutdown is complicating this by blocking key data releases (e.g., jobs reports), which Powell likened to "driving in the fog." If no cut happens in December, it could pressure BTC lower in the short term by signalling tighter policy, aligning with a deeper Fib target. But if data softens dramatically (e.g., due to shutdown effects), a surprise cut might catalyze the bottom and reversal. Ending QT and Potential QE Shift: The Fed announced it will end quantitative tightening (QT) on December 1, halting the balance sheet runoff and instead rolling over maturing Treasuries to hold holdings steady at around $6.6 trillion. This addresses tightening money markets and funding strains, but it's not yet quantitative easing (QE), it's more of a pause to maintain ample reserves rather than active expansion. Some analysts speculate this could pave the way for QE resumption if economic conditions worsen (e.g., prolonged shutdown or labour market cooling), potentially starting in December or early 2026. For BTC, ending QT removes a liquidity drain, which is bullish long-term and could support post-bottom rally. If QE kicks in sooner, it might act as rocket fuel, shortening the correction and pushing toward new ATHs faster, but watch for inflation risks that could prompt hawkish pushback. If you like this idea, feel free to leave a comment, boost, or share your thoughts. Remember, this is not financial advice; trade responsibly! Always take profits and manage risk! Interaction is welcome in the comments!
BITSTAMP:BTCUSDShort
by vagada
BITCOIN Can this Bear Cycle be mapped?Bitcoin (BTCUSD) is on its 3rd straight week of consolidation on its 1W MA100 (green trend-line) after marginally breaking below it (green circle). We've shown in previous analyses how the build up, including the Higher Lows trend-line (1W RSI Lower Highs Bearish Divergence) and the 1W MA50 (blue trend-line) rebound, of the 2025 Bull Cycle High, mirrors the 2021 peak formation. Given the strong similarities, there are valid probabilities suggesting that those can expand into the Bear Cycle too. And this is what we attempt to do on today's post, mapping the new Bear Cycle based on the 2022 price action. As you can see, we have classified the 2022 Bear Cycle into three phases. The key characteristic of those is MA contact. Phase 1 ends when the price hit the 1W MA100, Phase 2 when it hits the 1W MA200 (orange trend-line) and Phase 3 the 1W MA350 (red trend-line). So far the symmetry is also high on the time range between the 1W MA50 and 1W MA100 contacts among the two fractals (245 days vs 224 days). If this holds for the whole duration of the 2026 Bear Cycle as well, we can expect it to roughly be 52 weeks (364 days) from the Bull Cycle Top to the Bear Cycle bottom, like the 2022 sequence. The time Fibonacci levels help at maintaining a sense of positioning within the Bear Cycle, with the 0.236 Fib being just before Phase 1 ends and Fib 0.618 when Phase 2 makes contact with the 1W MA200. Even though a straight up repeat of the -77.36% decline of the 2022 Bear Cycle would put the potential new bottom just below $30k, a Fibonacci extension symmetry suggests that Fib 1.0 was the Low we just made (1W MA100), Fib 1.5 ext around the time the price makes contact with the 1W MA200 and Fib 2.0 when the Cycle bottoms. This indicates that $63900 is the first point of interest (and potentially start of buying) and $51000 the potential bottom. Would you agree with this mapping? 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:BTCUSDShort
by TradingShot
18
BTC Showing Bullish Structure After the Dump - Dec 2 UpdateBTC’s latest reaction is quietly strong and more bullish than it may look at first glance. After the sharp drop, price immediately found demand and has now put in a clear higher low relative to the recent capitulation wick. That yellow-curved region on the chart highlights a key shift in behavior: sellers pushed hard, but buyers stepped in earlier than before, defending higher levels and preventing a retest of the prior lows. This is the first meaningful sign of structure forming after weeks of one-sided downside. A higher low is often the earliest signal that the market is transitioning from liquidation-driven selling into accumulation. It shows that bidders are becoming more aggressive, absorbing supply before it can revisit deeper support. On top of that, BTC is holding above the local support band that previously acted as resistance. Flipping that area into support and then defending it is a strong indication of emerging strength. The current reaction has less volatility, fewer long wicks, and more controlled candles, which typically points to absorption rather than panic. While the trend hasn’t fully reversed yet, this kind of price behavior is how bottoms and mid-cycle resets form. BTC is starting to build a constructive base, and the market is showing the first bullish structural clue it has printed in a few days.
BITSTAMP:BTCUSDLong
by OnchainNewsBlog
TradeCityPro | Bitcoin Daily Analysis #238👋 Welcome to TradeCity Pro! Let’s move on to today’s Bitcoin analysis. The market is currently in a correction phase after the bearish leg it experienced yesterday. ⏳ 1-Hour Timeframe After the drop Bitcoin made, even fake-breaking the 85,220 level, ✔️ the price has started its correction, reaching up to 87,088. 🔔 During this correction, a Head & Shoulders pattern has formed, with the activation trigger being the 87,088 level. 💥 If this pattern gets activated, deeper corrections could follow. The next resistance zone to watch is 89,082. 📊 Market volume has increased with the start of the new week, but during this correction, the volume is decreasing. This indicates that the downtrend still holds strength, and the likelihood of the trend continuing remains high. 💡 In this case, we can open a short position either after a fakeout at 89,082 or by confirming a Dow Theory breakdown. The main short trigger right now is the 85,220 level. 📈 For a long position, breaking 89,082 is a risky trigger. Personally, I prefer to wait for more confirmation before deciding to enter a long position on Bitcoin. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Long
by tradecitypro
2
EURUSD: descending channel🛠 Technical Analysis: On the 4-hour timeframe, EURUSD is clearly moving within a descending channel, with price currently testing a major confluence of resistance. This resistance cluster is formed by the channel's upper trendline, the 100 and 200 SMAs, and a horizontal static zone around 1.1607. The "Global bearish signal" (Death Cross) identified earlier remains valid, reinforcing the downtrend. The projected trade anticipates a rejection from this heavy resistance, pushing the price back down toward the lower support zones, with an ultimate target near the channel's bottom at 1.1380. 🌍 Fundamental Analysis: Market liquidity is thin today in the wake of the US Thanksgiving holiday, which can lead to unpredictable or muted price action. Focus is shifting to next week's high-impact data, including Eurozone 'Flash' Inflation (Dec 2) and the crucial US Non-Farm Payrolls report (Dec 7). These releases will be vital in shaping the market's expectations for future ECB and Federal Reserve interest rate decisions, directly impacting the EURUSD exchange rate. ❗️ Trade Parameters (SELL) ❗️ ➡️ Entry Point: Sell on rejection from the resistance zone (approx. 1.1600 – 1.1630) 🎯 Take Profit: 1.1468, medium-term target at 1.1380 🔴 Stop Loss: Above the resistance structure (approx. 1.1671) ⚠️ Disclaimer: This is a potential trade idea based on current analysis; market conditions and price direction are subject to change based on news factors and volatility.
Short
by Trade8Eight
2