BTCUSD – Healthy Correction Before the Next Rally?Hi everyone, Ken here!
Technically, BTCUSD is trading within a clearly defined ascending channel, with a bullish rhythm that’s hard to overlook. The recent retracement reflects a healthy correction, potentially setting the stage for the next upward move.
Price is now approaching a key support zone, marked by the lower boundary of the channel and a prior demand area. If this level holds, it could provide buyers with a strong re-entry opportunity. The next upside target is around 118,600, aligning with the channel’s upper boundary.
Of course, momentum may not appear right away — the market could consolidate, produce false breakdowns, or even accelerate sharply without much warning.
Bottom line: The uptrend remains in control. This pullback looks more like a step back to gather strength than a signal of reversal.
Good luck and happy trading!
Btcusdlong
BTCUSD TRADE SETUP CHECK NOW📉 BTCUSD TRADE SETUP – CHECK NOW
🔑 Potential Entry Zone: 114611 – 114300
❌ Stop Loss (Invalidation Level): 113567
🎯 Target Levels:
✔️ TP1 – 115756
✔️ TP2 – 116497
✔️ TP3 – 117389
💡 This is my personal market outlook based on chart structure & price action. Always apply proper risk management.
⚠️ Disclaimer: This is not financial advice. Content is shared for educational and informational purposes only.
BTCUSD TRADE SETUP CHECK NOW📉 BTCUSD TRADE SETUP CHECK NOW
Potential Entry Zone: 111400 – 111100
Invalidation Level (Stop Loss): 110872
Target Zones (TPs):
✔️ TP1 – 112674
✔️ TP2 – 112202
✔️ TP3 – 111882
💡 This is just my personal view based on chart structure & price action. Always manage risk properly.
⚠️ Disclaimer: This is not financial advice. For educational and informational purposes only.
BTCUSD is moving exponential and here's the setupBecause BTCUSD couldn't reach the L-MLH of the red fork twice, we have 2 HAGOPIANs cooking. That means, that price will move further in the opposite direction than from where price came.
Price came from the Centerline, and that's where the high of the today's Candle peeked through. I expect more upside movement.
As for a trade, I want to see price holding above the centerline. From there, PTG1 is the U-MLH and beyond that it's the white Centerline again (...which looks like it's going to the Moon, like XRPUSD).
Of course, we seldom can eat the whole Cake. So we manage it and take partial profits on the way up.
🙏😊✨ Thanks for following and boosting folks. 🙏😊✨
Bitcoin Analysis: Can't Miss the Bitcoin RallyBitcoin's upward momentum has finally begun to accelerate. The predicted level of 112,500 I suggested over the weekend has been successfully reached today. You can refer to my article from yesterday for verification.
I've repeatedly warned of a Bitcoin rebound, as this rally's starting point is around 107,200, a key support level and the starting point of the previous rally. This is a double bottom pattern on the daily K-line chart, which is a major reason for my strong optimism about a Bitcoin rebound. The next target is around 113,500.
Bitcoin Strategy
Continue to enter long positions on pullbacks between 112,200 and 111,880, with a target of 113,400. My views are clear and unequivocal. All my opinions clearly state the reference direction and precise trading points. Thank you for your attention and support.
Bitcoin is nearing supportFirst, we touched the white Centerline twice.
The third attempt was a miss and triggered a Hagopian, which got filled in mid-August.
Already below the yellow Centerline, Bitcoin wasn’t able to climb back above it.
Now, price is near the L-MLH of both Forks, indicating that potential support lies just ahead. Let’s see if we can hold at the white L-MLH and find a long entry, which would hopefully shoot us back up to the Centerline (remember: there’s an 80% chance of reaching the Centerline).
Patience is key, so let’s relax, grab some popcorn, and watch this movie §8-)
BTC starts to show signs of recovery💎 BTC PLAN UPDATE – START OF WEEK (09/03/2025 )
Mid-week BTC Analysis
Currently, BTC is reacting around the support zone ~111,000 – 110,500 (confluence of EMA200 D1 and 0.5 Fibonacci). This is an important short-term support area; if it holds, a rebound may occur in the next few sessions.
If BTC bounces from this level, it could retest short-term resistance levels at:
• 111,900 – 112,200 (EMA34 + nearest resistance)
• 114,100 – 114,500 (0.382 Fibonacci)
• 116,000 – 117,000 (0.236 Fibonacci + previous strong resistance)
If the 110,500 support is broken, price could easily drop toward:
• 108,400 – 108,000 (mid-term support)
• 104,800 – 105,000 (major support, extended Fibonacci zone)
Trend:
• Mid-term: still in a corrective downtrend.
• Short-term: possible technical rebound from current support zone, with the first target around 114,000 – 116,000.
👉 In summary: Mid-week, BTC is at a critical zone. Holding 110,500 – 111,000 favors a rebound scenario; if this area breaks, downside pressure may extend toward 108K – 105K.
BTC is correcting down, accumulating around 110k💎 MID-WEEK BTC PLAN UPDATE (27/08)
📌 BTC Plan Update
BTC has followed the expected scenario:
We successfully shorted at the 117K resistance zone – where the Fibonacci 0.236 level aligned with a strong previous resistance area.
After that, price dropped sharply to the key support zone at 108K, where we successfully longed thanks to the confluence of Fibonacci 0.618 – EMA200 – and the demand zone.
Currently, price is reacting around the 111K – 112K range. Although it hasn’t broken out clearly yet, this is a signal that the market may gradually start accumulating again.
➡️ The important thing now is to hold positions and patiently wait for stronger bullish signals at the next resistance zones (114K – 117K) to confirm a recovery trend.
BTCUSD falls on inflation fearsBTCUSD falls on inflation fears
Bitcoin dropped by 2% on August 18 to 115,500.00, hitting a low of 115,040. This is a 7.5% drop from its all-time high of $124,350.00 The drop came after hotter-than-expected US inflation data, with the July PPI at 3.3%. This reduced hopes for a Fed rate cut in September. The decision by US Treasury Secretary Scott Bessent to not add Bitcoin to strategic reserves also dented confidence. Support levels are at 115.000.00 and 112,500.00. A break below these levels could risk a drop to 110,000.00. The Fed's Jackson Hole Symposium and the August 21st jobless claims report will be the major drivers for this week.
High chances that the asset will rebound from 115,000.00 support level and support trendline towards 120,000.00 at least. The asset is still in a bullish trend. Additionally, there are still not so many institutional investors in the asset, which gives a potential for a long-term bullish market in the future.
continue to increase in price, towards old ATH💎 BTC WEEKLY PLAN UPDATE (11/08)
1. Overall Trend:
BTC has completed a 5-wave Elliott impulse and is currently in a corrective phase after wave (5).
The main trend remains bullish, as the wave structure has not broken and price is still above key EMA lines.
2. Fibonacci Levels:
The current correction may retrace to the following Fibonacci support levels:
• 0.382 Fibo: ~118,800 USD (aligns with strong support)
• 0.5 Fibo: ~117,800 USD (close to EMA and trendline)
These are potential price zones where the market may rebound.
3. Support & Resistance Zones:
• Near-term Support: 118,000 – 117,500 USD (combination of Fibo + EMA + broken trendline).
• Near-term Resistance: 120,000 USD (previous high).
• Next Resistance: 122,000 – 123,000 USD (Fibo extension target 2.618).
4. Main Scenario:
BTC retraces to 118K – 117.5K → rebounds → breaks 120K → moves towards 122K – 123K.
5. Trading Notes:
• Prioritize entries when price reacts well at 118K – 117.5K support zone.
• Stop loss if H4 closes below 117K.
• Stay patient, as corrections are normal before the next upward move.
BTCUSD - Bitcoin potential at least 125'400Bitcoin is trading within the Pendulum Fork.
After the CL was reached, the price should have gone to the L-MLH.
However, this was not achieved, and instead a HAGOPIAN was left behind.
In most cases, this HAGOPIAN will drive the price higher than where it came from.
Since we know that in about 80% of all cases the market moves to the CL, we also have a good chance this time of reaching the high of at least 125,400. Personally, I see the target quite a bit higher, but let’s see what BTCUSD has in store for us.
Thanks for the likes peeps §8-)
BTC recovers, trying to get back to 120k💎 WEEKEND BTC PLAN UPDATE (08/08)
🔍 BTC Analysis (H4 timeframe):
1. Elliott Wave Structure:
• BTC is following an impulsive wave sequence 1–2–3–4–5.
• Currently in wave (4) and may bounce to complete wave (5) around the ~119,000–120,000 zone.
2. Key Support Levels:
• 116,000–116,200: Support area for wave (4) – can look for buying opportunities here if confirmation signals appear.
• Below that, strong support lies around 115,200–115,600 (confluence of 0.5–0.618 Fibonacci retracement + MA200).
3. Resistance Levels:
• Previous high around 117,500 (Fibo 1.0) is the nearest resistance.
• Wave (5) target: 119,400–120,000 (Fibo 1.618).
4. Trading Plan:
• Buy at 116,000–116,200, SL below 115,600.
• Expected TP: 117,500 – 119,400.”
BTCUSD manages to hold the lower border of the – Rebound LikelyBTCUSD manages to hold the lower border of the descending channel, ready to rebound.
BTCUSD broke below 116,000.00 support level on August 1 and declined towards 112,000.00 support level. Afterwards, the asset successfully rebounded from it. Although, we noticed 2 false breakouts of the channel, in general the asset tries hold itself within the descending channel, still showing us the strength of this formation.
Here, the rebound towards 118,000.00 level is expected with intermediate consolidation slightly above the 116,000.00. In the long term, the asset still moves within the descending channel, so no new long-term bullish momentum is expected.
Updated chart: 1050 days of bull, 380 days of bearEach cycle fits quite neatly into ca. 1050 days of bull market and 375 days of bear. Sell in Sep/Oct 2025. Buy in Nov 2026.
An argument can be made that 2021 was a botched bull run. By the time we got to the second peak, Bitcoin was already running out of steam. One single peak would have topped around 100k. I blame SBF/Alameda.
People who are trying to extrapolate/do curve fitting through that 2021 peak will underestimate 2025.
2021 should be ignored as an exception.
BTCUSD - Right to the point!In the last post (see the Linked Chart), I showed why BTCUSD would fall, and I also pointed out where the first price level for a possible pause might be.
On Friday, that level was reached, and the market seems to be turning *on the dot*. Will we now see higher prices again, or even a new all-time high? Let’s take a closer look:
The “confluence” point is marked by the white fork and the yellow modified Schiff fork. This point lies exactly on the 1/4 line. And this line often indicates temporary levels where at least a pause in the movement can be expected.
When we look at what Bitcoin did at this price level in mid-June, it seems likely that it will rise again. The overall pattern, from the centerline to the 1/4 line, looks extremely similar (see the A-B-C Wave Pattern)!
And yet, I’m not entirely convinced by the picture. Because this was the second time we reached the centerline.
For the brave, this wouldn’t be a bad entry point—or an opportunity to increase the position after this pullback. A possible stop for traders could be placed just below the current low, with targets at the centerline of course.
But why not just lean back, enjoy the profits, and switch into observation mode for now…
I will also make a video that explains the details and connections more clearly.
Happy Monday and stay patient to fight the FOMO! §8-)
Bitcoin - The cycle is just starting!⚔️Bitcoin ( CRYPTO:BTCUSD ) just created new highs:
🔎Analysis summary:
Bitcoin is currently - especially with the new all time high breakout - just perfectly following previous cycle behavior. Since there is no real resistance above current price, apart from psychological levels, I do expect a substantial rally back to the upper channel resistance trendline.
📝Levels to watch:
$300.000
🙏🏻#LONGTERMVISION
Philip - Swing Trader
BTCUSD CONSOLIDATES BELOW RESISTANCE OF 120,000.00BTCUSD CONSOLIDATES BELOW RESISTANCE OF 120,000.00
Today the price rebounded from the SMA50 on 4-h chart and continues to consolidate below the resistance level of 120,000.00. Yesterday there was a minor pullback from this level, still the price is pretty much at the same levels as yesterday. The recommendation is still the same: would be safer for long trade to wait for a breakout of the resistance (120,000.00) with first target of 123,190.30 (ATH). However, the asset shows nice bullish set up: RSI started to show some strength with price consolidation below resistance.