Bitcoin (Cryptocurrency)
Inverted correlation between Bitcoin and the Nasdaq 2025There have been unusual behaviors between the NQ and BTC, which are normally highly correlated assets. However, this year the April dump on the NQ pushed the price down to the Q2 2024 low and came very close to the overall 2024 low — it missed it by only about 300 points. Bitcoin, on the other hand, wasn’t even close to its Q2 2024 low: the price dropped to $74,500, while the Q2 low sits at the $49,000 level.
On the flip side, the current 6-month candle on the NQ is still strongly bullish (as of November 20, 2025), while BTC’s 6-month candle is already strongly bearish. It opened at $107,000, and yesterday’s low (November 19) was $88,500 — meaning it would take a significant move for Bitcoin to close the half-year candle in the green, especially with less than six weeks left until the end of the year.
I’m very curious to see how the year closes out. Personally, I remain on the bearish side and have been shorting the market since $124,500 on BTC, adding to the position again at $115,500 and $107,300.
Greetings to all.
Market Structure 101: Navigating Price ActionMost traders jump directly into indicators, oscillators, or patterns. Yet every chart has a deeper foundation that determines direction long before any tool is applied. Market structure is that foundation. When you understand how price forms highs, lows, and transitions between them, you stop reacting to noise and start reading the market’s intent. It is the base layer that allows you to build a clear, consistent bias.
Price moves because buyers and sellers interact around key levels. Structure highlights where momentum strengthens, weakens, or reverses. By tracking how highs and lows evolve, you can identify trend, consolidation, and shifts in direction with far more clarity than any indicator can offer. Market structure is objective. It gives you a rule-based lens to interpret movement across all timeframes.
Understanding Highs and Lows
There are four structural components every trader must recognize.
Higher High (HH): Price breaks above a previous high, showing buyers in control.
Higher Low (HL): Price pulls back but stays above the prior low, confirming trend continuation.
Lower High (LH): Price rallies but fails to reach previous highs, indicating weakening demand.
Lower Low (LL): Price breaks below the previous low, signaling sellers taking control.
These sequences are the building blocks of trend identification. When mapped correctly, they remove guesswork and reveal underlying momentum.
Identifying Uptrends and Downtrends
Uptrend: A sequence of HHs and HLs. Buyers consistently push price higher and defend higher floors.
Downtrend: A sequence of LHs and LLs. Sellers control direction, rejecting higher prices and driving the market downward.
A trend remains intact until structure breaks. This is why experienced traders avoid predicting reversals and instead follow structural evidence. When the market prints new HHs and HLs, the bias remains long. When LLs and LHs appear, the bias rotates short.
Ranges and Consolidation
Markets do not trend all day. Much of the time, they move sideways. A range occurs when highs and lows stay relatively equal, creating a horizontal zone with equal highs and equal lows. This is where compression happens. Liquidity builds above the range highs and below the range lows, and trend often resumes only after one side of the range is taken.
In ranges, structure becomes neutral. Bias is formed only when price breaks out and retests with confirmation.
Break of Structure(BOS) and Trend Shift
A break of structure occurs when the market violates the pattern of the existing trend. In an uptrend, a break occurs when price prints an LL. In a downtrend, a break occurs when price forms an HH. This signals a potential shift in momentum.
Breaks of structure matter because they identify turning points without relying on subjective signals. They show where one side loses control and the other gains traction. They also create clear invalidation points for risk management.
How to Read Structure Across Timeframes
Market structure becomes even stronger when used across multiple timeframes. The higher timeframe sets the primary bias. The lower timeframe provides entry precision.
Weekly or Daily: Structural trend and major zones.
4H or 1H: Execution windows and key shifts.
15m and 5m: Entry confirmation.
When all levels of structure align, the probability of a clean move increases significantly.
Avoiding Common Mistakes
Many traders misread structure by focusing on every small fluctuation. Structure is defined by meaningful swings, not micro noise. Another common error is assuming a single HH or LL immediately reverses a trend. Context matters. Breaks followed by continuation and retests confirm the shift. A disciplined trader waits for structure to become clear instead of acting on isolated candles.
Turning Structure Into a Bias
Structure simplifies decision-making.
If the market is printing HH and HL formations, you prioritize longs.
If it is printing LH and LL formations, you seek shorts.
If highs and lows are equal, you wait for a breakout.
bitcoin Outlook after the Dip. What to expect NOW?After breaking out of the descending wedge, the price has reached a very strong PRZ (Potential Reversal Zone) support area. If the price holds this zone, there is hope for a rebound toward new highs. However, if this support fails, the price could drop below $70,000.
BITCOIN Is Bullish! Long!
Here is our detailed technical review for BITCOIN.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 91,866.60.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 98,030.74 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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BOUNCE TO 98-100KMorning folks,
Last time we explained in details the fundamental background, so BTC remains bearish. But now it stands at weekly oversold and around 95K Daily support area. This creates friendly background for tactical bounce.
On 4H chart we have DiNapoli DRPO "Buy" pattern, that suggests upside bounce to 98-100K area at least.
That's being said, don't take any new shorts right now - wait for the pullback. For bullish intraday position, you could try to use this DRPO pattern. Don't place too far stop, just under lows should be enough, but be aware of NFP volatility today...
Stop!Loss|Market View: USDCAD🙌 Stop!Loss team welcomes you❗️
In this post, we're going to talk about the near-term outlook for the USDCAD currency pair☝️
Potential trade setup:
🔔Entry level: 1.40649
💰TP: 1.41368
⛔️SL: 1.40303
"Market View" - a brief analysis of trading instruments, covering the most important aspects of the FOREX market.
👇 In the comments 👇 you can type the trading instrument you'd like to analyze, and we'll talk about it in our next posts.
💬 Description: This currency pair was previously defined as a buy pair, and this one is proceeding exactly as per the previous analysis, with the buy priority remaining. Given the current context, namely, a breakout of the upper balance boundary above 1.40010, an additional, shorter-term buy trade can be considered with the same target as before, namely, near 1.41400.
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BTCUSD – Outlook for the Coming MonthMonthly View
The monthly timeframe remains bullish overall, but Bitcoin has pulled back to gather strength. This kind of move is typical when the market is gearing up to break a higher high. The broader structure hasn’t shifted—this is simply a deeper retracement inside a bullish narrative.
Weekly View
The weekly chart is showing a similar story. Price has been dropping consistently without giving even a single proper reversal. If BTC truly wanted to fall aggressively, it would normally make a move up first, trigger traders’ stop-losses near previous highs, and then dump. But this time, it didn’t do that.
This unusual behavior hints that the market may be preparing something different from what most traders expect.
Daily View
The daily timeframe is where things get really interesting. Bitcoin spent more than half the recent sessions moving sideways, collecting liquidity on both sides. After that, it dipped and formed a lower high—but that lower high hasn’t been broken yet.
According to my analysis, BTC is currently sitting in the Discount Zone, an area where buyers often start becoming active.
4-Hour View
On the 4H chart, I already had a clean short setup earlier, but now I’m watching for signs of a potential reversal. That reversal idea is not guaranteed, though—it becomes invalid if BTC fails to break the series of lower highs.
There’s also another scenario: BTC might refuse to break the lower highs and begin forming higher lows at the same time. If that happens, we’ll see a period of sideways consolidation. When the breakout finally comes—whichever direction it chooses—the move is likely to be powerful.
Final Thoughts
Based on my analysis, BTC is showing mixed but promising signals across the higher and lower timeframes. The monthly structure is still bullish, and this pullback looks more like preparation for a stronger push rather than a trend reversal. Weekly price action hasn’t shown any meaningful bounce yet, which is unusual—and that alone hints that the market might be setting up something unexpected.
On the daily chart, BTC has swept liquidity after moving sideways for quite a while, and now it’s resting in the Discount Zone, where smart money usually becomes active. The 4H timeframe already gave clean short opportunities earlier, but now the market is approaching a point where a reversal could begin—unless lower highs remain untouched.
If BTC starts forming higher lows without breaking lower highs, the market will likely slip into a compression phase. When price finally breaks out of that squeeze, the move—up or down—can be very strong.
Again, this is just my personal viewpoint. Please do your own analysis before investing. Your profits and losses are entirely your responsibility—I’m only sharing what the charts are suggesting to me right now. Stay alert to the reaction levels ahead; that’s where the next major direction will reveal itself.
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Would history repeat itself?Would history repeat itself — or would this time be different?
In previous rally, Bitcoin often rallied, consolidated, then experienced a deep washout before breaking into a new all-time high.
Now we’re seeing a similar setup: a strong rally, followed by consolidation…
but the question is — will we see another deep correction first, or will Bitcoin break directly into a new ATH this time?
Bitcoin Downtrend UpdateAlright friends, Bitcoin has confirmed its intention to move toward 86,000 and lower.
My previous forecast with the invalidation zone at 96,600 is still valid, but I decided to make a fresh post.
At the moment, my new invalidation level is 96,012.5.
From a broader perspective, I’m still expecting Bitcoin to reach 83,000.
But as I mentioned earlier, we first need to see 86,000 tested — because once that level is hit, Bitcoin may go into a correction before continuing toward 83,000 and below.
Yes-yes, I do expect it even lower, but more on that in the upcoming updates.
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SOLUSDT: The Recovery is Gradually Being ConfirmedAfter a sharp decline, SOLUSDT is currently in the process of recovering and seems ready to return to strong upward momentum. Positive data from the Solana ecosystem is helping SOL regain momentum, and recent technical signals also support this trend.
The 4H chart shows that the price is reacting well at the 128.00 support level and has the potential to bounce from here. SOLUSDT is trading within a descending channel, but if it breaks above 139.00, the next target will be 143.00. Additionally, the Ichimoku indicator shows positive signals, with the Ichimoku cloud beginning to thin out.
The current trading strategy is to buy when SOLUSDT holds above 128.00 and breaks through 139.00, with a target of 143.00. Place a stop loss below 128.00 to protect your capital.
However, if the price fails to hold the 128.00 support and falls below it, the upward trend will be invalidated, and the price may return to a downtrend.
The key is whether support can be found around 89294.25
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(BTCUSDT 1D chart)
This period of volatility is expected to last until November 22nd.
If the price fails to find support and rise near the M-Siganl indicator on the 1M chart after this period of volatility, it is likely to decline to the 69,000-73,499.86 level.
Therefore, the key question is whether it can find support and rise near the HA-Low indicator level of 89,294.25 on the 1D chart.
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(1M chart)
It is showing a downward trend, failing to reach the Fibonacci ratio 2.618 (133,889.92), which was considered the target level.
However, if the price maintains above the 69,000.0-73,499.86 level, it is expected to maintain an upward trend in the long term.
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(1W Chart)
If the price rises above the HA-High indicator, it is likely to form a stepwise uptrend.
Since a stepwise uptrend usually ends in a decline, this decline could be a sign of a bearish trend.
The M-Signal indicator on the 1M chart can be used as a benchmark for bullish and bearish trends.
Therefore, if the price remains below the M-Signal indicator on the 1M chart, it should be considered a bearish trend and a response should be considered.
However, considering the overall trend of BTC, the most important range is the 69,000-73,499.86 range. As long as it does not fall below this range, the price is expected to maintain an upward trend in the long term.
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Thank you for reading to the end.
I wish you successful trading.
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- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain in more detail when the bear market begins.
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Bitcoin SeasonalitySince 2013, the distance between each Bitcoin bottom and peak is approximately 205 weeks. Similarly, the distance between the peak and the bottom is approximately 52 weeks. In addition, when the Fibonacci correction is applied to each bear season, the new target appears to be the 1.618 region, so Bitcoin currently has the potential to run to 148k. As long as seasonality continues, the peak will come at the end of 2025.
BITCOIN – THE TIDES ARE TURNING Traders,
On November 5 I mapped out a scenario where Bitcoin would push into 107k to 108k and then decline to 98k first and 89k second.
This entire scenario has now played out perfectly to the pixel. We swept 108k, we dumped to 98k, and then we flushed into 89k. Where I expected price to retrace from exactly this level: $88.912
So the real question now is simple. What now? Do we break lower, or do we go up?
Let’s break Bitcoin down cleanly, without bias, and only by reading structure, levels, and order flow.
Levels, Structure and Order Flow
AVWAP at the core of the structure
Bitcoin is currently trading right near the AVWAP from the 06 August 24 anchor. This is the blue line on your chart and the exact level is 90.881. This anchor began with a large volume impulse.
When heavy volume kicks off a leg, the AVWAP from that point becomes a core reference level for the entire future auction. We are now sitting right on top of it, which is exactly where you would expect absorption or a strong reaction.
The market is basically deciding if this AVWAP will hold or break.
AB=CD completion
The full AB=CD measured move has completed exactly into the AVWAP zone. This is a clean harmonic completion and adds confluence to why price reacted here. AB=CD means the downside leg is symmetrical and usually marks exhaustion inside a trend.
Fixed Range Volume Profile
Using a FRVP from the start of the current HTF auction (07 April until now), we see price wicked directly into the LVN that sits inside the weekly FVG. This area had imbalance and low participation. A wick into an LVN inside an FVG often means that the inefficiency is now cleaned and the auction has reached completion for that side of the range.
Wedge breakout
Bitcoin technically broke out of the falling wedge, but the breakout does not look clean.
We are outside the wedge, but momentum on the breakout is weak. True confirmation would come if price re-enters the wedge from the outside and climbs back through the wedge body.
Re-entering the wedge tells you that the breakdown was liquidity and not a structural continuation. If we reclaim it, upside targets become more likely.
Order Flow – What the data shows
Spot and Futures CVD
Across the 15m, 30m and 1h charts, Spot CVD is forming a bullish divergence. Price keeps making lower lows, but Spot CVD is holding higher. This shows that spot buyers are stepping in at the lows and absorbing sell pressure.
Futures CVD on both stablecoin margined and coin margined contracts continues to push lower.
Price is not following these lower lows. This creates hidden bullish divergence and confirms that aggressive sellers are hitting the market while limit buyers are absorbing the pressure.
This is a classic sign of absorption. Selling continues, but the market is refusing to break lower with the same intensity.
Open Interest – A shift
Earlier in the dump, Open Interest was falling. This means positions were being closed.
Most of this was shorts taking profit or exiting the move. When OI drops during a downtrend, continuation becomes harder because the move loses fuel.
Near the end of the screenshots, there is a shift. Both stablecoin margined and coin margined OI start to rise again.
This rise in OI happens while:
CVD continues to make lower lows
Price stops making new lows
Price begins to stabilize
This tells us that new positions are being opened at the lows. Given the CVD behavior, most of these are new shorts entering the market.
When new shorts enter and price does not break, the probability of those shorts becoming trapped increases. If buyers step in, this setup often leads to a short squeeze.
This is how reversals form in a controlled market.
Funding rate – Binance
Funding is positive but very small. This means there is no extreme long pressure. There is no overcrowding on the long side. The market is not stretched. With fresh shorts entering at the lows and funding staying neutral, the market can turn quickly if support holds.
What this means
The combination of:
Spot CVD divergence
Hidden bullish divergence on futures CVD
Rising Open Interest at the lows
Neutral funding
Price refusing to break down - So price needs to hold.
shows that the market is absorbing aggressive selling at a key level. If buyers defend the current level, this can force newly opened shorts to cover, which would fuel the next move up.
Targets
109k
This is the first upside objective.
There is a CME ETH gap resting at this level and gaps of this type tend to get filled.
109k also aligns with the 1.113 Fibonacci extension of the latest wave.
This makes it the first logical level if price continues to hold the AVWAP and absorb selling pressure.
112k
The next major level is 112k.
This area contains single prints on CME and matches an AVWAP level on the BTC CME chart.
112k also lines up with the 1.272 extension of the wave.
From a Fibonacci rotation perspective, 1.272 is the next stop after 1.113 and often acts as a mid-cycle continuation target.
118.800
The final target sits at 118.800.
This is the full 1.618 extension of the wave and mathematically completes the auction.
If the market rotates from AVWAP support, this level becomes the natural endpoint of the move.
As long as price continues to hold the AVWAP at 90.881 and the market keeps absorbing futures selling, all three upside targets remain in play.
Invalidation
The structure changes only if price breaks below 88k. A clean drop under 88k opens the door for the next major high timeframe support at 85k.
85k carries strong confluence. It aligns with the 0.786 Fibonacci retracement on the HTF move and sits directly on a Point of Control zone within the Fixed Range Volume Profile.
Below that level, the auction shifts into a lower structure entirely.
TLDR
Bitcoin completed the downside scenario perfectly.
Price is now sitting directly on the AVWAP at 90.881.
AB=CD is complete.
LVN inside weekly FVG has been cleaned.
Futures CVD is still pressing lower but price is not. That is absorption.
But the key update is OI. OI was dropping earlier on the LTF, but now OI is rising again, and this is happening while CVD continues down and price holds steady.
That means new shorts are entering the market and getting absorbed.
If AVWAP holds, expect a bounce.
Targets:
109k
112k
118.8k
If 88k breaks, 85k is next.
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Abbreviation List
AVWAP
Anchored Volume Weighted Average Price. A dynamic support or resistance level based on volume since a chosen anchor.
AB=CD
A harmonic measured move where AB equals CD.
FRVP
Fixed Range Volume Profile. Shows where volume was traded inside a chosen range.
LVN
Low Volume Node. A low interest level where price often rejects strongly.
FVG
Fair Value Gap. An imbalance left by aggressive price moves.
CVD
Cumulative Volume Delta. Tracks buying vs selling pressure.
OI
Open Interest. The amount of open futures positions.
POC
Point of Control. Level with the highest traded volume.
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If you like this kind of analysis, drop a like and leave a comment. Everything here is shared for free so more people can cut through the noise and finally see what is actually happening under the surface. No hopium. No fear. Just real data, real structure, and real order flow.
The goal is simple. To help traders stop guessing and start understanding what the market is actually saying.
Stay sharp.
Stay objective.
And remember… the chart whispers long before it speaks.
- ThetaNomad
Bitcoin on a roller coaster: is 2026 ready for a new high?On November 18, BTCUSD fell by about 29% — from a peak of around $126,000 to ~ $89,000 . The fall in Bitcoin was due to a combination of factors: after the record high, many investors took profits, money flowed out of Bitcoin exchange-traded funds (spot ETFs), and caution set in on global markets, with tech stocks and AI companies falling. The sharp price fluctuations triggered forced closures of leveraged trades, which exacerbated the decline, while altcoins fell even faster and drained liquidity from the market — as a result, there were more sellers than buyers, and the price fell even further.
Five reasons to expect a new BTCUSD impulse in 2026:
Inflows into spot ETFs. If funds start actively buying BTC on the spot market again, this will generate stable demand from large players.
The halving effect. Fewer new coins are being mined, but demand remains high, which will eventually push the price up.
A more dovish Fed. Lower rates → more liquidity → investors are more willing to take on risk assets, including BTC.
Clear rules and business acceptance. Clear regulation and integration with banks/companies simplify entry for mass investors.
Infrastructure development. L2/Lightning, convenient custody, and new on-chain use cases make BTC more useful — demand is growing.
FreshForex analysts note that in 2026, Bitcoin's dynamics will largely depend on three factors: capital inflows into spot ETFs, the general “risk-on/risk-off” regime against the backdrop of Fed decisions, and key statements from regulators about the crypto market. Investors are advised to maintain a strict risk management system and focus on the macroeconomic calendar.
Long Term Bitcoin ForecastAlways early, never in doubt
I have already exited my Bitcoin related ( NASDAQ:IBIT Puts) shorts and NASDAQ:MSTR Puts. I felt confident I would be early as that that is my habit. There will undoubtably be a relief rally at some point that I may re-enter. My long term forecast is that the bull phase of the Halvening price cycle has ended and the bear phase has begun. Let's break down each price action component I am watching...
First let's take a step back to learn why we got here.
The false breakout or "Spike" as I call them are one of the most trustworthy signals that I trade. If you study one single element of price action it should be this. When price fails to close above a prior ATH (or below a major low) this is the highest probability of a reversal. Market psychology is on display that traders refused to continue the rally and now many are "trapped". This was the reason for the mass liquidations in October that started this bear trend. Many thought a breakout was in order but the confirmation failed.
One day after the "Trump tweet" the Daily Ichimoku Cloud trend confirmed bearish. This is another indicator of Bitcoin's trend that has been useful for all of Bitcoin's history. It is also what we will evaluate later on the Weekly.
At this point the most important level to watch is the 50% Retracement for the entire bull phase going back to November 2022 low. There are Volume Profile levels to watch but we assume that price will retest the 50% and evaluate what will happen in the Ichimoku Cloud trend context there.
Back in April 2025, when price on the Weekly made a move to the Weekly Ichimoku Cloud, price never hit or got inside the cloud nor did Momentum have a reasonable chance of crossing into bearish. "This time it's different" because if price does test the 50% Retracement it will signal full bearish trend confirmation on the Weekly timeframe.
During the last cycle, the bearish trend ended when the timing element of the Monthly Ichomoku cloud turned upwards. There is a similar timing element on the Monthly now in November 2026.
My fundamental, market psychology based speculation is that the ETF buyers from January 2023 must have their patience tested. That price is around 43k.
TL:DR;
Price will trend bearish down to 43k with the bear phase ending around November 2026.
Crypto Is a Zero Growth "Industry"Look at that, after 4 years, failure to fully sustain a new higher market valuation. All the while, stablecoin dominance has increased and ETFs have come into play. Instead, retail money is being extracted through fees and the profits garnered through trader liquidation. That's not a sign of growth. This market is a tool. A tool to take advantage of its participants.
Why did it play out this way? Perhaps it has something to do with the fact that "crypto" is now fully associated with these two things:
1) The absolute buffoonery of the U.S. "leadership."
2) The absolute evil of the oligarchic plutocracy.
And maybe it also has something to do with the lack of substance. What do I mean by this? Well, already over $1 Trillion has been wiped from the cryptocurrency market since its recent peak. In no way has this evaporation in capital affected the economy, or people's lives materially in a meaningful way. Sure, I'm guessing some people lost a lot of money. But these gambling casualties are largely inconsequential to society.
By comparison, if Apple lost $1 Trillion from its current $4 Trillion valuation (a 25% drop), a lot more people's lives would be negatively affected. Not just from the loss in stock value, but what would it mean for the company? What would it mean for the U.S. stock market? What material changes would have to come about for Apple to improve their share value? And, if suddenly we lost all the Gold in the world, we'd have some serious problems in terms of materials and wealth evaporation. Hence the quotes around "industry." Crypto is not an industry at all. It is a market, but a largely illusory one at that.
If Bitcoin and the rest of the crypto market ceased to exist, there would be almost zero long-lasting or significant fallout. It has also failed the store of value narrative.
It probably won't be, but I'm hoping this is the beginning of the end for this market, or at least for its relevance. If I had to make a guess as to how this "end" would play out? A long, slow decline, marked by a few sudden drops when major proponents fold. For instance, Michael Saylor being forced to bail out should price drop meaningfully below $20K. Or pressures to bail out sooner, even.
Anyway, looking at the technicals, it's not very positive. The only saving grace is the possibility of a bounce here at a long term trendline. Breaking below would be another sign of stagnation.
That's it from me, probably for another long while!
Thanks for reading as always.
-Victor Cobra






















