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BTCUSDT.5S trade ideas

$BTC BTC/USDT Analysis (Daily Timeframe) Chart Pattern A double bottom pattern has formed around 109,000 – 110,000, which often signals a strong bullish reversal as buyers defend the same support level twice. Key Levels Main Support: 109,000 – 110,000 (double bottom area). Immediate Resistance: 118,000 – 120,000 (currently being tested). A breakout above this level will confirm the double bottom reversal. Upside Target (TP): Supply zone around 127,000 – 130,000. Bullish Scenario If price holds above 114,700 – 115,000 (minor support after breakout), BTC has the potential to continue toward 118,000. A confirmed breakout above 118,000 – 120,000 will open the path toward 127,000 – 130,000. Bearish Scenario (Alternative) Failure to break 118,000 – 120,000 and a drop back below 114,700 may lead BTC to retest 110,000 support. A breakdown below 110,000 will invalidate the double bottom and expose BTC to further downside below 105,000. Conclusion The structure currently favors the bulls with the double bottom pattern in play. As long as 110,000 holds, the medium-term outlook remains positive. A breakout above 118,000 – 120,000 would confirm the bullish bias and set the stage for a move toward 127,000 – 130,000.
Long
by Daffapouuse
Expanding Flat Elliot wave countBitcoin may be approaching a significant macro top, with multiple technical indicators aligning to signal a potential reversal and a subsequent major corrective wave. Key Projections: Potential Top Formation: The current price action is forming what appears to be the peak of a corrective Wave (B), with a potential top range between $109,000 and $150,000. Projected Corrective Target: Following the completion of Wave (B), a significant downward move, labeled as Wave (C), is anticipated. This corrective wave targets the $45,000 - $67,000 price zone. Timeline: The entire corrective structure, from the formation of the top to the potential bottom of Wave (C), is projected to unfold by approximately September 2026. Elliott Wave Structure: The primary thesis is based on an Elliott Wave count. The chart indicates the completion of a five-wave impulse cycle, and the market is now in a larger A-B-C corrective pattern. The current price is likely forming the peak of the B-wave. Fibonacci Confluence: There is a strong confluence of Fibonacci extension levels at the potential top. The peak of the current Wave (B) is precisely testing the 1.618 Fibonacci extension level, a critical ratio often associated with the termination of corrective waves. Significant Bearish Divergence (Crucial Point): This is one of the most compelling signals on the chart.While the price is making higher highs (from the peak of wave (5) to the peak of wave (B)).Both the RSI and the MACD indicators are showing lower highs. This is a classic, multi-indicator bearish divergence on a high timeframe (weekly), indicating that the upward momentum is weakening significantly and a trend reversal is becoming more likely.
Short
by maayan_tiran
$BTC SURPRISED $123K PROFIT DONE ($111K-$122K)CRYPTOCAP:BTC SURPRISED STEP BY STEP $111K $115K $122K 2026 WILL MORE SURPRISED 2028 OF FUTURE $122K $133K $144K $155K $166K $177K $188K $199K $211K Bitcoin (BTC) to Hit Standard Chartered Predicts At press time, it is trading within striking distance of a neW record high at $123,646. The cryptocurrency's current record high of $124,517 was logged on Aug. 14 on Bitsamp. tandard Chartered believes that a prolonged shutdown will be bullish for Bitcoin. Kendrick has noted that Bitcoin has a positive correlation with U.S. Treasury term premiums, which represent the extra yield that comes with holding longer-term bonds. They are currently on the rise due to significant uncertainty caused by the U.S. government shutdown. Polymarket odds According to Polymarket bettors, Bitcoin currently has a 7% chance of surpassing $200,000. At the same time, the odds of Bitcoin surpassing $135,000 as early as this October currently stand at 32%. Meanwhile, there is also a 5% chance of Bitcoin dropping back below $100,000 this October. #Write2Earn #BinanceSquareFamily #Binance #BTC☀ #SUBROOFFICIAL Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
Is Bitcoin ready to go parabolic?If you see us restart posting trading ideas, you know the news must be good. Bitcoin has once again crossed $120k. Interest rates are going down, liquidity is rising. The pathway to a new Bitcoin All-Time-High seems firmly in sight. Even Altcoins, not a source of great joy so far this cycle, have seen momentum. Ethereum, Solana and other large-cap Alts are hovering near all-time-highs. The 'meta' of Perp Dexes has propelled HYPE, the currency of Hyperliquid, into the Top 20 Market Cap coins. The 'catchup trade' for other Perp Dex tokens such as Aster saw tokens jump 100%+ in a matter of hours. The animal spirits are back. In each crypto-cycle there are multiple simultaneous trends. Some of the are purely speculation, others are actual technical innovations, others are on the political front. This cycle so far has seen the by-far most positive political breakthroughs for the industry. Stablecoin bills and regulation in jurisdictions such as the US and Europe allowed stablecoin use-cases to reach breakout velocity. In line with that comes accessible yield, as stablecoins are often backed by US bond yields, and payments. On the scalability front, rollups, extremely fast chains, zero-knowledge scaling technology and next-gen chains such as Monad or MegaETH have become available and at least somewhat battle-tested. There is still no solution to the Blockchain trilemma of how to achieve scalability, speed and decentralization. Yet it is obvious that we are on the road to a solution. That is extremely bullish for the promise of Blockchains to eventually become the backbone for large parts of finance. In the meantime, this cycle's crypto price action has not managed to keep up with stock markets. The boom of AI has led to ever higher highs for the largest benefactors such as Google or Nvidia. The proliferation of ETFs that give exposure to new 'hot' topics, from modular nuclear to data centers, has made stock investing extremely accessible to retail investors. Many of these retail investors have previous first-hand knowledge of crypto markets' volatility and have so far refused to re-enter in the same numbers as last seen during the 2021 Bull market. Will a new Bitcoin all-time-high change this and lure traders back into crypto markets? The probability of this happening remains but the pathway is less obvious. First and foremost, Crypto needs to see 'large new winners'. Nothing gets a retail trader back like watching their friend earn significant returns from a 100x on a new coin. But too  many retail traders lost out in this cycle's launches due to insiders, overvalued market caps and a general lack of demand. Too few genuine retail participants have 'won'. For now though, Bitcoin continues to rise higher. The cycle continues. We ride on.
Long
by Coinrule
1
Btcusdt As long as btc stays below 124k the wyckoff distribution idea we saw in featured is still valid , with no OBV this pump is fake . Taker buy/sell ratio in binance is 1< meaning more selling pressure than buying . This pump is getting absorbed by the short term supply .. if etf inflows slows down a bit it will crash Btc . historically the market usually tops in Q4 each cycle and October is the month .. Goverment shot down will probably last 2 weeks no economic data will be released I don’t think the market will still be bullish with so much uncertainty I expect the markets to crash soon . Just my idea
Short
by Todopoderoso
#BTC/USDT 1DAY CHART UPDATE !!BTC Trend Context: The price is within an ascending channel – overall, this suggests an upward trend in the market. Support Testing: The lower boundary or support zone is being tested – this is a critical "decisive" area. Rejection/Bounce Potential: If support holds and the price reacts upwards, we could see a further move upwards towards resistance. Breakdown Risk: If the price breaks decisively below support, this could lead to a deeper decline or a trend reversal.
Long
by CryptoSanders9563
Understanding Ichimoku Cloud In Trading🔹 1. Introduction What is Ichimoku Cloud? Ichimoku Kinko Hyo translates to “one‑glance equilibrium chart.” It is a rules‑based charting framework that maps trend, momentum, support/resistance, and forward projections in a single overlay so traders can make decisions quickly and objectively. What makes Ichimoku different? All‑in‑one system: Measures trend, momentum, and structure without adding separate indicators. Forward projection: The Cloud and Kumo twists project future support/resistance zones rather than only reacting to past price. Equilibrium logic: Midpoint calculations emphasize market balance over raw averages, often reacting more cleanly to range boundaries and trend pullbacks. Visual speed: Color/position relationships produce a high‑signal, low‑clutter read—hence “one glance.” 🔹 2. History Ichimoku was developed by Goichi Hosoda , a Japanese journalist who published under the pen name Ichimoku Sanjin. Between the 1930s and the 1960s, Hosoda and a team of assistants tested price and time relationships by hand, iterating toward a framework that could summarize market balance quickly without sacrificing structure. His work combined price, time, and wave ideas into a practical template that traders could learn and apply on paper charts. The well‑known numbers—9, 26, and 52—come from the historical Japanese trading calendar, which used a six‑day trading week. More importantly, they create a short‑medium‑long cadence that preserves the internal geometry of the system, helping Tenkan/Kijun interactions line up with Cloud behavior and Chikou confirmations across many market regimes. Ichimoku remains relevant because it projects future structure, scales across timeframes, and adapts well to liquid markets from equities and futures to forex and crypto. Even in a high‑frequency world, traders still respond to visible structure, and the Cloud makes that structure explicit ahead of time. 🔹 3. Benefits Ichimoku reads trend, momentum, and structure in one glance. Trend shows in where price sits relative to the Cloud and in the ordering/slope of the spans (Span A over Span B and rising is healthy). Momentum appears in the Tenkan–Kijun relationship—their distance and angle—and in how quickly price reclaims Tenkan after a pullback. Structure is revealed by flat Kijun and flat Span B “magnet” levels that price gravitates to, plus Cloud thickness, which hints at how much “effort” the market needs to break through. Because states and invalidations are predefined, visuals become rules you can trade: a close back inside the Cloud flags rising risk; Chikou clearing past highs removes nearby resistance; and entries are higher quality when Tenkan and Kijun align with a supportive, rising forward Cloud (often after a Kumo twist). The method scales cleanly from intraday to weekly and across assets. Many traders set bias with the higher-timeframe Cloud—only looking for longs when price is above a rising Kumo—then drop a timeframe to time entries as Tenkan/Kijun cross or as price retests Kijun from above. 🔹 4. Components Tenkan‑sen (Conversion Line): midpoint of the last 9 periods In a healthy trend, price frequently “breathes” around Tenkan—pulling back to it, briefly piercing it, then resuming in the trend direction. The slope of Tenkan reflects the pace of the move: a rising, well‑angled Tenkan suggests persistent buying pressure, while a flattening Tenkan signals short‑term balance. Tenkan often acts as dynamic support/resistance; repeated successful retests are a sign of momentum continuity, and repeated failures warn of loss of impulse. Tenkan = (Highest High(9) + Lowest Low(9)) / 2 Kijun‑sen (Base Line): midpoint of the last 26 periods Where Tenkan tracks impulse, Kijun represents the balance point of the dominant swing. Price tends to revert to Kijun after expansions, making it both a magnet and a filter. A rising Kijun with price holding above it confirms trend maturity; a flat Kijun often marks the range midline and a probable retest level. Many traders trail partial risk below Kijun in uptrends (or above it in downtrends) because losing Kijun typically precedes deeper mean reversion. Kijun = (Highest High(26) + Lowest Low(26)) / 2 Senkou Span A (Leading Span A): average of Tenkan and Kijun, plotted 26 periods forward Span A represents one boundary of the Kumo and reflects the average of the Tenkan and Kijun lines, making it more responsive to recent price action and a dynamic indicator of short-term trend direction. Span A = (Tenkan + Kijun) / 2 → shifted +26 Senkou Span B (Leading Span B): midpoint of the last 52 periods, plotted 26 periods forward Span B forms the opposite edge of the Cloud and is calculated from a 52-period high-low average, creating a flatter, more stable line that often acts as strong support or resistance due to its representation of longer-term equilibrium. Span B = (Highest High(52) + Lowest Low(52)) / 2 → shifted +26 Kumo (Cloud): the filled region between Span A and Span B; thickness visualizes volatility/“equilibrium buffer.” The shaded area between Senkou Span A and Senkou Span B on the Ichimoku chart. This "cloud" represents areas of support and resistance, with its thickness indicating market volatility and the strength of the equilibrium zone. A thicker Kumo suggests greater uncertainty and stronger price buffers, while a thinner Kumo indicates weaker support/resistance levels and reduced volatility. Chikou Span (Lagging Line): current close plotted 26 periods back; confirms alignment between current price and past price structure. Chikou plots the current close 26 periods back. When Chikou is above prior price and above the Cloud, the path ahead is typically “clear,” confirming bullish conditions. When it collides with past highs, lows, or Cloud edges, those features often act as retroactive obstacles; trades pressed directly into them carry lower odds and may require reduced size or patience for a cleaner setup. Chikou’s value is in context: it keeps you from buying breakouts that immediately smash into last month’s resistance or shorting into well‑defined support. Alignment of Chikou with price and the forward Cloud turns a visual impression into a rule. 🔹 5. Interpretation How to rate signal quality? Tenkan–Kijun cross (TK cross). A bullish TK cross occurs when Tenkan rises above Kijun; a bearish cross is the reverse. Crosses above the Cloud are strongest (trend‑aligned), inside the Cloud are neutral (higher noise), and below the Cloud are weakest for longs (and strongest for shorts). Cross quality improves when the forward Cloud agrees (Span A over Span B for bullish) and when Chikou has clear space. Chikou confirmation of breakouts. A breakout through a level is more trustworthy when Chikou is through and beyond the corresponding historical barrier. If Chikou is pinned beneath old highs while price breaks out, expect retests or false starts. Cloud breakouts and edge‑to‑edge logic. Breaks into or out of the Kumo carry more weight when the Cloud is turning (twist forming) and sloping in the trade direction. After a confirmed entry, price often traverses from one Cloud boundary to the other—especially when Span B is flat and acts like a target. Kumo as future balance point. The forward Cloud is a projected equilibrium. Flat spans, especially Span B, frequently attract price; thick areas behave as buffers, thin spots as gates. Reading these shapes ahead of time lets you plan scenarios rather than react. Multi‑timeframe alignment. Expectancy improves when the higher‑timeframe Cloud sets the bias and the lower timeframe supplies timing. For example, seek longs only when the daily is above a rising Cloud, then use a 1‑hour TK recapture or Kijun retest as the trigger. 🔹 6. Understanding the Kumo (Cloud) Kumo as Support/Resistance The Kumo is formed by the space between Senkou Span A and Senkou Span B projected 26 periods into the future. When price approaches the upper edge from below in a bearish regime, that boundary acts like resistance; when price descends onto the lower edge from above in a bullish regime, it often acts like support. Markets frequently hesitate, wick, or retest at these edges because they represent the consensus midpoint of prior swings carried forward in time. A thick Kumo implies a broad equilibrium buffer: price needs more energy to pass through, so reactions, pauses, or partial rejections are common. A thin Kumo implies a narrow buffer: price can pierce and switch sides with less effort, which increases the odds of swift transitions. Flat sections—especially where Span B is flat—often behave like shelves that attract price before it decides the next leg. Kumo Twist (Senkou Span A crosses B) A Kumo twist occurs when Span A crosses Span B in the forward projection, flipping the Cloud from bullish to bearish or vice versa. Because the spans are derived from midpoints, the twist is an early signal of changing balance rather than a guarantee of immediate reversal. It often appears while price is still inside the prior regime, and its reliability improves when accompanied by Kijun flattening, Tenkan/Kijun compression, or a Chikou approach to historical barriers. Trading before the twist can offer better entries but carries the risk of false starts if momentum doesn’t follow through. Trading after the twist sacrifices the first part of the move but benefits from confirmation—especially if the forward Cloud begins to slope in the new direction and price is already reclaiming or rejecting Kumo edges. Kumo Breakouts A Cloud breakout occurs when price closes out of the Kumo and holds that side on retests. A bullish breakout is a close above the upper boundary; a bearish breakout is a close below the lower boundary. Quality improves when the forward Cloud agrees (Span A over Span B for bullish, the reverse for bearish), the Cloud is thinning or already thin at the breakout point, and Chikou is simultaneously through the corresponding historical structure. False breakouts are common when the Cloud is thick and flat or when Chikou immediately collides with past highs/lows. Requiring a retest of the breached edge (turning resistance into support or vice versa) greatly improves expectancy, as does ensuring that Kijun is supportive (price holding above it in bullish contexts). Thin vs. Thick Kumo Thin Kumo generally reflects compressed ranges, fast transitions, and fragile trends. Breaks through thin spots tend to be quick but can reverse just as quickly if the rest of the system (TK alignment, Chikou, forward slope) doesn’t confirm. Thick Kumo reflects broader ranges and sturdier trends; passing through requires more energy, but holding the new side is more durable once achieved. You can think of width as a volatility filter: thin zones favor momentum pops and tactical trades; thick zones favor patience, staged entries, and giving the market room to breathe. Many traders normalize Cloud width by price or compare it to ATR to judge whether conditions suit breakout‑style entries or mean‑reversion fades. 🔹 7. Strategies Using Ichimoku Kumo as Support/Resistance This strategy uses Cloud edges as forward support/resistance. In an uptrend, pullbacks into the upper Kumo edge or into a flat Span B shelf often create decision zones; if price rejects the edge and recaptures Tenkan, the trend is likely intact. The opposite applies in downtrends. Entries typically trigger on a rejection close away from the edge or on the next bar that reclaims Tenkan. The stop sits outside the Cloud (beyond the pierced edge) to account for wicks. Expectancy improves when the forward Cloud thickens and rises (showing durable support) and when Kijun is rising beneath price. First targets are the recent swing extreme or the next flat Span B; if the bounce begins inside the Kumo, an “edge‑to‑edge” move toward the opposite boundary is a reasonable objective. High‑probability conditions: clear trend, supportive forward slope, and a bounce forming near a flat Span B rather than in the middle of a thin, twisting Cloud. Tenkan–Kijun Crossovers (TK Cross) in Context Crossovers are context tools, not standalone signals. A bullish TK cross (Tenkan above Kijun) that occurs above the Kumo with a bullish forward slope and Chikou clearance is the strongest variant. The same cross inside the Cloud is neutral, and below the Cloud is weak for longs (but strong for shorts in the opposite case). Early traders may take a cross below the Cloud when a twist and reclaim are imminent, but expectancy is lower without Cloud support. A practical sequence is: establish bias from the Cloud, wait for the TK cross in that direction, then demand either Chikou clearance or a clean retest before committing full risk. Stops belong beyond Kijun or the most recent swing that defined the cross. 🔹 8. Key Takeaways Ichimoku is a market framework, not a signal tool Ichimoku is designed to map equilibrium and project structure forward. Read it as a context engine: the Cloud sets regime and bias, Tenkan/Kijun express momentum and mean reversion, and Chikou verifies that the path ahead is clear. Decisions come from states and transitions—price vs. Kumo, span ordering and slope, TK alignment, and Chikou clearance—rather than from any one line crossing another. This is why the same template scales from intraday to weekly charts and across asset classes: you are reading the same language of balance, impulse, and structure. The synergy between components is the edge Edge emerges when the system agrees with itself. A TK cross is more than two lines intersecting; its quality depends on where it occurs relative to the Cloud, how the forward Kumo is sloped, and whether Chikou has cleared historical obstacles. Kijun provides risk structure and often serves as a dynamic stop or trailing guide; flat Span B and flat Kijun act as magnets and targets. When these elements line up—Cloud bias, TK timing, Chikou clearance, supportive forward slope—you have a trade worth taking. When they don’t, the right move is usually patience. Best practices checklist Use this short checklist to standardize your process and reduce discretion. Start with bias: Price relative to the Kumo and forward slope sets long/short/neutral. Demand confluence: Take signals when TK aligns with forward Cloud and Chikou shows clearance. Trade level‑to‑level: Plan entries/exits around flat Span B/Kijun shelves; they are natural magnets. Prefer break‑and‑retest: After a Cloud or key‑level break, wait for a retest and hold before sizing up. Avoid thick/flat Kumo: Stand aside or de‑risk when the Cloud is thick and horizontal; that’s chop territory. Use multi‑timeframe logic: Let the higher timeframe set bias; take lower timeframe triggers in that direction. Place stops beyond structure: Use Kijun or the Kumo edge instead of arbitrary ticks; give room for wicks. Scale and trail methodically: Take partials at Span B/Kijun targets; trail from Kijun → Tenkan as momentum builds. Size by volatility: Calibrate with ATR or relative Cloud width; widen stops and reduce size around twists. Let Chikou veto: If Chikou is about to collide with past highs/lows, delay or reduce risk. Treat Ichimoku as a map — the Cloud defines the terrain, TK tells you when to move, and Chikou checks that the road is clear. When the framework is not aligned, stand down. Trade only when the map, the timing, and the clearance agree; manage risk using the Kijun and the Cloud edges; and let neutrality be an acceptable outcome when the forecast is foggy.
Education
by CandelaCharts
BTC 1H Analysis - Key Triggers Ahead | Day 51☃️ Welcome to the cryptos winter , I hope you’ve started your day well. ⏰ We’re analyzing BTC on the 1-Hour timeframe . 👀 On the 1-hour timeframe for Bitcoin, we can see that after this recent bullish leg, price has now reached its resistance at $120,827. If this resistance breaks — a zone packed with short orders — Bitcoin could start an extremely sharp and powerful upward leg, essentially triggering a short squeeze. At the moment, Bitcoin is entering a corrective phase; with the start of this correction, price could head down toward its Fibonacci retracement supports, bounce from one of those levels, and then form a new trading structure. 🧮 Looking at the RSI oscillator, price has been ranging around the 70 zone and briefly entered overbuy. It is now moving toward the 50 area, its oscillation mean. A break below 50 could deepen the correction, but if support holds, RSI could again head toward the resistance zone near 70 and re-test the overbought boundary. 🎮 The Fibonacci retracement drawn from the breakout at $114,562 to $120,827 highlights several strong support areas. The most important zones for Bitcoin are the 0.236 and 0.382 retracement levels. Support here, followed by a fresh structure, could set up strong trading opportunities. 🕯 The size and volume of buy candles have been exceptionally strong and increasing — something rarely seen in Bitcoin with such a one-sided move to the upside. Now, during this corrective phase, even as selling pressure appears, roughly 70% of that sell volume is being absorbed by buyers. What we must watch closely is how buyers decide to allocate capital from here. If the key Fibonacci levels are lost, we respect the market’s decision and only then consider new trades. 🧠 For a Bitcoin position If you don’t have an open position, I recommend waiting for a new structure to form at critical Fibonacci levels, and only enter after a breakout of that structure. If you already hold a position, consider partial profit-taking, since USDT dominance has also reached an important support zone. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
by CryptosWinter
BITCOIN BTCUSDT BITCOIN ,the structure of the market tell us its direction.in the case of bitcoin the buy was clear on ascending trendline line as posted last week. now we are at daily resistance at 121,019.84 ,if we get rejected we will see temporary correction into 118-117k zone we will look for buy opportunity and target 122,800-123k zone and the next target will be 126800-127000 zone . full break of 126,800-127,00k will be holding till 147k-137k zone . #bitcoin #btcusdt #btc
Long
by Shavyfxhub
#BTC/USDT Analysis: Key Level to Watch#BTC The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout. There is a major support area in green at 109100, representing a strong support point. We are heading for consolidation above the 100 moving average. Entry price: 109470. First target: 109900. Second target: 110360. Third target: 110836. Don't forget a simple matter: capital management. When you reach the first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. Thank you.
Long
by CryptoAnalystSignal
1
#BTC Rising Wedge📊#BTC Rising Wedge📉 🧠From a structural perspective, we are within the target zone of a bullish pattern and near the previous high. Therefore, chasing the rally here is not recommended. If you want to enter a long trade, consider the support near the rising trend support line. If we break through the h D point directly, the next strong resistance level will be around 120,000. ➡️From a chart perspective, a rising wedge may be forming here. If the lower edge of the wedge is broken, bearish expectations will increase. 🤜If you like my analysis, please like 💖 and share 💬 BITGET:BTCUSDT.P
Short
by wolf_king888
BTC - Testing Key LevelHere is an update to my last post: In my last post I was outlining how BTC was trying to hold the support of the trendline. For a brief period of time, price did breakdown to create a "false break" of the trendline. However this still created a higher low in the trend still representing bullish momentum. Once price reclaimed the green trendline we have seen a large rally back to the upside. Now, BTC is testing our key level of resistance "Mid Term Resistance". This red box has acted as a great sell zone before price made a move back to the downside. So what's next? If BTC can start closing candles above our red box then watch for these level to the upside. Level 1: $120,000-120,400 (Key daily level) Level 2: $123,200-124,400 (ATH) Level 3: $129,000-$130,000 (first 1.618) Level 4: $135,400 (predictive 1.618 top) However, if price get rejected again from the red box, we want to see either the green trendline or green box hold to create another higher low. If we fail to create a higher low that could represent the start of the next bear market, but for now the trend is intact!
by VIAQUANT