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Bitcoin / TetherUS PERPETUAL CONTRACT

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BTCUSDT.P trade ideas

Bitcoin Breaks the Lower Boundary of the Channel and Targets 97kAfter failing to sustain its position within the previous channel, Bitcoin has decisively broken through the lower boundary and is now showing clear momentum toward the 97k level. This movement highlights the growing pressure from sellers and may signal further downward correction unless a strong support level holds. Key zones to watch include potential retracement points and the reaction at the 97k level, where buyers could step in to regain control. As always, proper risk management is essential during such volatile market phases.
by Dmitriy_Trade
1
$BTC at a Crossroads: Which Direction Will It Take? 1. Overall Market Trend in 2024: - The chart illustrates a strong bullish movement in 2024, pushing Bitcoin from around $23,000 to higher levels. This rally eventually reaches a peak near $74,000, marking a key resistance level on the chart. 2. Fibonacci Levels: - Fibonacci retracement levels have been drawn from the previous upward move, showing key levels at 0.5 (61,417), 0.618 (64,598), 0.79 (68,858), and 1 (74,121). These act as potential support and resistance zones as price consolidates. 3. Symmetrical Triangle Pattern: - A symmetrical triangle is evident on the chart, forming since mid-2024. This pattern indicates market indecision and signals that a major breakout may be imminent. - The resistance and support lines of this triangle are clearly outlined, suggesting a strong price movement in the event of a breakout. 4. Key Price Levels: - The current price is around $63,212. - Two possible targets are visible following a breakout: - Bullish Target: If Bitcoin breaks to the upside, the chart suggests a potential rally toward $100,000, a highly optimistic price target. - Bearish Target: On the downside, a move toward $23,000 is expected if the triangle breaks lower, marking a crucial support level. 5. Support and Resistance Zones: - The purple shaded areas represent significant support and resistance zones where the price has reacted multiple times. The current price is compressing between these zones, awaiting a decisive move. 6. 2025 Forecast: - The green arrows and projected lines suggest two potential outcomes for 2025: - Bullish Scenario: A breakout to the upside, with Bitcoin targeting the $100,000 level. - Bearish Scenario: A downward move could see the price retracing back to $23,000 as a key support. My Analysis: The symmetrical triangle pattern and price compression signal that the market is gearing up for a strong movement, though the direction remains unclear. The eventual breakout of this triangle will be crucial in determining Bitcoin's next significant move. If the price breaks upwards, it could target higher levels, potentially surpassing the $100,000 mark. Conversely, a downside breakout may result in a sharp correction towards the $23,000 support zone. In terms of risk management, it's prudent to wait for a confirmed breakout before committing to a particular direction, as the subsequent movement is likely to be significant. What’s your opinion on Bitcoin's trend? Share your thoughts in the comments!
by ScorpionX_Co
1
Bitcoin is going to the Moon PART 2! [S #3 B]How nice, hit all 3 targets from the original post in not even 2 days... NOW FOR PART TWO! I have added a few more targets, TP4, TP5, and TP6. We are currently going up high in altitude and going to be reaching our planet's atmosphere very soon! We should the reach the moon in no time! Bitcoin may dip a bit from the current price but should still make a new ATH. I will be going a bit into what I call my "special indicator" that successfully helped me make the last few recent signals. I call it "MarketAnalyzer FX Alpha 1" and it honestly has been doing a splendid job. It is pointing upwards for Bitcoin, hopefully it won't take too long to hit our next target. Entry: ***USE LOW LEVERAGE IF ANY AT ALL*** $79,200-$80,000 (Original posts entry) If you have not entered yet, new entry could be $86,000-$89,000 TP1: $82,742 ✅ TP2: $85,132 ✅ TP3: $82,742 ✅ TP4: $90,800 TP5: $98,200 TP6: $110,000 For those that have the good entry of $79k-$80k I would move SL to entry. If entering the current entry point, $85,000. ---------------------------------------------------------------------------------------------- ***ALL ANALYSIS, SIGNALS, AND ANY CONTENT IS FOR EDUCATIONAL PURPOSES ONLY AND ARE NOT MEANT TO BE PROFITED OFF.*** ----------------------------------------------------------------------------------------------
Long
by MarketAnalyzerFX
Elliot Wave idea for BTC Targets in Wave 5 (Based on 4-hour chart): Using Fibonacci extensions: First Zone: $102,000–$105,000 (short-term resistance from 1.0 extension). Extended Zone: $110,000–$115,000 (if momentum sustains, aligns with 1.618 extension). Potential Timeframe: Wave 5 could complete within few weeks if it follows the usual shorter timeframe dynamics of impulsive waves. Summary of Time Periods Phase Time Frame Duration Wave 5 Peak Q1 2025 (e.g., February) — A-Wave March–May 2025 1–3 months B-Wave June–August 2025 2–4 months C-Wave September 2025–Q1 2026 6–9 months Bear Bottom Late 2025–Early 2026 — Example DCA Allocation Plan Retracement Level Price Range (Approx) Allocation 38.2% (First Buy) $65,000–$70,000 Early entry to capture initial dip. 50.0% (Main Buy) $50,000–$55,000 Major accumulation zone after B-Wave. 61.8% (Deep Value) $35,000–$40,000 Maximize gains during the deepest correction
by nilupulsri