Btcusd techinical analysis.The chart shows a BTC/USD (Bitcoin vs. US Dollar) technical analysis on the 1-hour timeframe. Here's a detailed breakdown:
---
🔍 Chart Elements & Interpretation:
1. Trend Lines:
Upper Pink Trend Line: Acts as a resistance from a previous high.
Lower Pink Trend Line: Represents a support line from the recent upward trend.
Blue Channel: Shows a rising wedge or ascending channel (often a bearish reversal pattern).
2. O.B (Order Blocks):
Upper O.B Zone (~120,000–121,000): Potential supply zone or area of resistance.
Lower O.B Zone (~117,500–118,500): Possible demand zone or support.
3. Price Projection:
A measured move of 2,585.6 points (2.18%) is marked upward from the current breakout attempt.
4. Current Price:
BTC is trading at $119,771.8, with a +0.90% increase at the time of this chart.
---
🧠 Technical Outlook:
Bullish Case:
Breakout above the upper trend line and clearing the upper O.B could lead to a continuation toward 122,000+.
If BTC respects the demand zone and bounces, the uptrend may resume.
Bearish Case:
Failure to break above resistance or rejection at
BTCETH.P trade ideas
Bitcoin Pump & Dump.. Something Nobody Is Mentioning.A massive Bitcoin correction is coming. This was the peak imo.
Ask yourself this question.... Why did Bitcoin move now?
Simple answer it is a pump into events in a few months and will dump.
They pumped it and promoted the pump mainstream to get newbs to chase at the high.
Now the important part that nobody else is talking about except me!!!!
Look at Bitcoins chart over 15 years. It either drops or runs flat when the FED cuts rates.
What is coming soon? Multiple Fed cuts and a new FED chief. That is why they pumped it now.
Remember Bitcoin is traded against the dollar. When the dollar is cheap Bitcoin falls. When the dollar is expensive Bitcoin moves.
Form 2017 to 2020 the FEDs left rates unchanged and low... Bitcoin traded in the 7k-13k range for those 3- 4 years...
In October 2021... They dropped it hard from 60k to 16k in 2 years (shakeout). Used the Sam Bankman story as the catalyst.. Investors knew rates were going back up in the near term so they got people out.
What happened in 2022 after Covid to justify this 3 year bull run.... FEDS KEPT RAISING RATES AND KEEPING THEM HIGH and here we are at the end of that cycle.
Expecting this to slowly start dropping at this level, for the next year or 2.
What no one expects will happen with BitcoinAll markets go through expansion phases and correction phases. As hard as it may be to believe, Bitcoin and the entire crypto space will also face their macro correction at some point.
That doesn’t mean it’s going to crash into oblivion or that it’s all a scam — not at all. What I believe is that when that major correction hits, it will open the door to real buying opportunities.
And maybe, in 10 or 15 years, once the bear cycle has fully played out, Bitcoin will be ready to climb to 200k, 400k, 600k — or wherever the next cycle takes us.
ROS #Repeat of structureROS #Repeat of structure
The chart you've provided is a 15-minute candlestick chart of **Bitcoin (BTC) / USD**, showing a recent price action pattern followed by a significant drop. Here are the **key points** identified on the chart:
**Key Support Zone**
* Highlighted in **light gray** at the bottom.
* Range: **\~116,800 to \~117,500 USD**
* This zone has acted as **support multiple times** (seen around July 11–12 and now again on July 15).
* Price **bounced** off this area during the most recent dip, but the current candle is testing it again.
---
**Chart Pattern: Bearish Triangle (ABCD Structure)**
Marked by the labels **A, B, C, D**, forming a **descending triangle**, typically a **bearish continuation pattern**:
* **A to B:** Sharp drop (initial leg down).
* **B to C:** Rebound, but fails to reclaim highs.
* **C to D:** Tightening price action inside the triangle.
* After **D**, there’s a **breakdown**, leading to heavy selling.
---
**Breakdown and Sharp Decline**
* Price **breaks below the triangle support** with a long red candle.
* Massive sell-off continues, pushing BTC below **\$118,000**.
* The current price is around **\$117,481**, hovering near the key support zone.
---
**Trend Observation**
* Before the triangle, there was a **strong uptrend** leading up to \~\$123,000.
* The triangle acted as a **distribution zone** before the **reversal** began.
* The trend has shifted from **bullish** to **bearish** post-pattern.
---
🔍 Summary of Key Levels:
| Level Type | Price Range |
| ---------------- | ------------------- |
| Resistance (Top) | \~\$123,000 |
| Breakdown Point | \~\$120,400 |
| Support Zone | \~\$116,800–117,500 |
thanking u
BITCOIN BTC/USD PULLBACK STARTED BACK TO BUYZONE?Hey Traders so today looking at Bitcoin showing a strong Uptrend since April this year. Now showing more bullish momentum after a break above the narrow sideways channel at 112,000. Breakouts normally get retested. Also the best place to buy imo is right at the trend line.
The way I like to trade it is don't chase the market let it come to you. It takes patience but you will always get the best price for your trade if you are willing to wait. However some might disagree with this strategy and say you may miss the move because the market doesn't come back.
I say Who Cares if the market comes back or if it keeps rallying! 🤣
There is always another train at the station (anotherwords there are always other trading opportunities so if we miss one big deal we will another one. Most importantly we will find another one with the best price!
Anyway enough of my rant so if your bullish watch for that pullack to around 112,00-113,000 and put a stop loss below support at 107,500. It looks like a safe level not to get stopped out at.
However if Bearish wait for close below support at 107,500 before considering to sell a rally imo.
Good Luck & Always use Risk Management!
(Just in we are wrong in our analysis most experts recommend never to risk more than 2% of your account equity on any given trade.)
Hope This Helps Your Trading 😃
Clifford
BTC Next Move within 11-15 DaysBTC will hit $62,528.74 Within 11-15 Days
The historical trend suggests that once Bitcoin (BTC) surpasses the $50,000 threshold, it typically enters a bullish phase, experiencing significant gains. This observation is based on past market behavior, where crossing this key price point has often led to increased investor confidence and subsequent price surges.
BTC/USD 1H ShortTerm🔍 Trend:
The short-term uptrend remains in effect, supported by the orange trendline.
The price has tested dynamic support but has not yet broken it.
🟥 Supports (Important Levels):
🔻 1. 119.550
Key support.
The price is currently testing it. Holding = potential upside rebound.
Breaking = greater downside risk.
🔻 2. 117.260–118.040 USD
Clear demand zone (reinforced by prior consolidation).
If the price breaks below current support, this is the next logical stopping point.
🔻 3. 115.237–115.500 USD
Strong weekly support – very important in the event of a stronger correction.
Historically, it has responded many times.
🟩 Resistance:
🔼 1. USD 121.673
The nearest local resistance – this could pose a problem for further growth.
🔼 2. USD 123.961
The last local high. Breaking it confirms the continuation of the uptrend.
🔼 3. USD 125.785
The next resistance – a potential target after a breakout to the upside.
📈 Technical Indicators:
RSI (classic):
Still below 50, but starting to reverse slightly upward – neutral with a slight potential for a rebound.
Stochastic RSI:
Gives a long signal – the lines have crossed in the oversold zone and are pointing upward.
📊 Scenarios:
🟢 Bullish:
Maintaining the current support zone (119.5–120k).
Breakout above 121.673 → target: 123.961.
Breakout of 123.961 = trend confirmation and target: 125.8k+
🔴 Bearish:
Break of the trend line and support at 119.550 → possible quick decline to 117.2k–118k.
If this doesn't hold, target: 115.2k
✅ Summary:
Decisive moment – tested trend line + support = rebound or breakout point.
The Stochastic RSI indicates a potential upside breakout, but the RSI needs confirmation.
Careful monitoring of volume and reaction to 120k in the coming hours.
BTC/USD: 15-Min Reversal Attempt at Key Trendline SupportThis 15-minute chart for BTC/USD highlights a potential reversal opportunity following a significant downtrend. Price has found support at a confluence of a rising long-term trendline and a defined demand zone around 119,271 - 119,477.5. The analysis focuses on the current consolidation at this support, looking for bullish candlestick patterns to confirm a move towards retesting the prior breakdown level (now resistance) at 120,500 - 120,700. Key observations include the breakdown from a previous support, the current bounce, and the defined risk-reward setup for a potential long entry."
Understanding Elliott Wave Theory with BTC/USDIntroduction to Elliott Wave Theory:
Elliott Wave Theory is a popular method of technical analysis that seeks to predict the future price movement of financial markets. Developed by Ralph Nelson Elliott in the 1930s, the theory is based on the idea that market movements follow a repetitive pattern, driven by investor psychology.
At the core of Elliott’s theory is the idea that markets move in a 5-wave pattern in the direction of the trend, followed by a 3-wave corrective pattern. These waves can be seen on all timeframes and help traders identify potential entry and exit points in the market.
Key Concepts of Elliott Wave Theory:
1. Impulse Waves (The Trend)
2. These are the waves that move in the direction of the overall trend. They are labeled 1, 2, 3, 4, 5 and represent the price movement in the main direction of the market.
* Wave 1: The initial move up (or down in a bearish market). I like to mark up the first wave how I do my Fibs, from the point where price showed a major impulse.
* Wave 2: A correction of Wave 1 (it doesn’t go lower than the starting point of Wave 1).
* Wave 3: The longest and most powerful wave in the trend.
* Wave 4: A smaller correction in the direction of the trend.
* Wave 5: The final push in the direction of the trend, which can be shorter and weaker than Wave 3.
3. Corrective Waves (The Pullbacks)
4. After the five-wave impulse, the market enters a corrective phase, moving against the trend. This corrective phase is generally a 3-wave pattern, labeled A, B, C:
* Wave A: The initial correction, typically smaller than Wave 3.
* Wave B: A temporary move against the correction (it often confuses traders who think the trend has resumed).
* Wave C: The final move against the trend, usually the strongest and most aggressive.
How to Implement Elliott Wave on BTC/USD:
Let’s break down how you can apply the Elliott Wave Theory to BTC/USD using a simple example.
1. Identify the Trend
2. Start by identifying the current market trend for BTC/USD. Are we in an uptrend or downtrend? This will determine whether you’re looking for a 5-wave impulse up (bullish) or down (bearish).
3. Locate the Waves
4. Look for the five-wave structure in the trend direction. Once you identify a potential impulse move, label the waves accordingly:
* Wave 1: A new uptrend starts.
* Wave 2: A small pullback (usually less than the size of Wave 1).
* Wave 3: A significant surge in price, often the most volatile.
* Wave 4: A smaller pullback or consolidation.
* Wave 5: The final push higher, which might show signs of exhaustion.
5. Corrective Phase
6. After completing the 5-wave impulse, expect a corrective 3-wave pattern (A, B, C). These corrections typically last longer than expected and can often confuse traders.
* Wave A: Price starts to reverse.
* Wave B: A retracement that may confuse traders into thinking the trend is resuming.
* Wave C: A strong pullback that brings the price even lower.
7. Use Fibonacci Levels as confluence
8. One of the most powerful tools in Elliott Wave analysis is Fibonacci retracement levels. You can use these to predict potential levels where Wave 2 and Wave 4 could end, or where Wave C might complete the correction. Common retracement levels are 38.2%-50% for Wave 4, and 50-61.8% For Waves 2 and B but keep in mind, these wave can retrace up to 100% before the wave analysis becomes invalid. But ideally these points are where you look to make an entry.
Wave 2 Example:
This one hit the golden spot (0.5-0.618) perfectly and continued to push upward.
Wave B and C Example:
This example hit closer to the 0.786 level which is also a key level for retracement.
Wave 4 Example:
This one hit the golden spot (0.382-0.5) for Wave 4 perfectly before continue the bullish momentum.
I try to use the RED levels below (1.1 and 1.2) as my invalidation (Stop Loss) levels and the GREEN levels (-0.27 and -0.618) as my Take Profit levels. Depending on your goals you can also use Fib Levels 0.236 and 0 as partial Take Profit levels.
9. Confirm with Indicators
10. To validate your Elliott Wave counts, use other indicators like the RSI (Relative Strength Index), MACD, or Moving Averages. For example, a Wave 3 might occur when the RSI is above 50, indicating strength in the trend.
In this example you can see the RSI cross the 50 threshold and the 3rd Wave form.
Continuation after the Wave is complete:
Tips for Trading with Elliott Wave Theory:
* Stay Flexible: Elliott Wave Theory is not set in stone. If the market doesn’t follow the expected pattern, adjust your wave counts accordingly.
* Don’t Rely on One Timeframe: A 5-wave structure on one timeframe may be part of a larger wave pattern on a higher timeframe. Always analyze multiple timeframes.
* Wave Personality: Waves don’t always look the same as stated earlier. Wave 2 can retrace up to 100% of Wave 1 and Wave 4 should generally not overlap Wave 1 or this may invalidate the Wave structure.
* Risk Management: Always use proper risk management techniques. No theory is perfect, so make sure you have a stop-loss in place to manage your risk.
Conclusion: Using Elliott Wave Theory on BTC/USD:
The Elliott Wave Theory can be a powerful tool for analyzing and forecasting price movements. By identifying the 5-wave impulse and 3-wave corrective patterns, you can gain insights into potential market direction. Just remember to use it alongside other tools and indicators for confirmation, and don’t forget to manage your risk.
As you apply it to BTC/USD or any other asset, remember that the market doesn’t always follow the "ideal" patterns, and flexibility is key. Practice on different timeframes, refine your skills, and use the theory as a part of your overall trading strategy.
Final Thoughts:
If you're just starting, don't get discouraged if you miss a wave or two. Trading is a journey, and with patience and practice, you'll begin to spot these patterns more naturally. Whether you’re analyzing Bitcoin's price action or any other asset, Elliott Wave Theory can give you a deeper understanding of market psychology.
Good Luck and Happy Trading!
BTCUSD - Exhausted? Second time rejected, now down.BTCUSD got rejected at the Centerline the second time. This is super bearish. If it's closing below yesterdays low, that's a clear short signal to me.
Taking 50% gains off the table is never bad. Because then you still have 50% if it's going up further. Otherwise, you got 50% booked.
Don't let gree eat your brain §8-)
BTC eyes on $117,868: SemiMajor Genesis fib to Orbit a few times\Shown here is a single fib series in three different time-frames.
The "Genesis Sequence" has called all major turns since 2015.
This are "High Gravity" Fibs try to capture price into Orbit.
$ 117,668.00 (Coinbase) is the exact level of interest.
$ 111,661.25 is the first support below, a minor ratio.
$ 105,451.85 is semi-major and MUST hold fib below.
$ 125,550.41 is the next target above, a minor ratio.
See "Related Publications" for many PRECISE and TIMELY charts -------->>>>>>>
.
Will this be the first proper alt szn since 2020?Altcoins are waking up. While Bitcoin has surged over 600% since 2022, Ethereum and smaller coins have lagged behind. But that might be changing. With ETHBTC breaking its downtrend, BTC dominance dropping, and political momentum building around crypto regulation, the stage could be set for a true altcoin season. In this video, we break down the charts, the trends, and what could come next. Is this the real deal or just another fakeout? Let me know what you think.
Breaking below the psychological 115,000 level could trigger furMomentum indicators such as RSI and MACD likely show bearish divergence or downward momentum, supporting the short thesis.
The recommended stop-loss for this setup is at 119,000, which is just above recent resistance and protects against false breakouts.
This SL level offers a good risk-reward ratio, with approximately 2:1 or better depending on entry precision.
If price fails to reclaim 119,000 or form higher highs, the bearish momentum is expected to persist.
Price rejection candles or bearish engulfing patterns near 117,500 further validate short entries.
Breaking below the psychological 115,000 level could trigger further downside acceleration.
This setup is ideal for short-term swing traders or day traders looking to capitalize on intraday volatility.
Overall, the structure favors sellers as long as BTCUSD remains below the 119,000 resistance.