Bitcoin has a very clear 4 year halving cycles which it followed all previous years.
Top of each cycle comes to November-December. Bottom forms 1-1.3 years after that top. Bottom consolidation period usually correlates with 0.5-0.75 period of bearish cycles which corresponds with December'22-June'23. Since it doesn't yet look like BTC had final capitulation I believe we should see the bottom in the beginning of 2023 year (March-June). Most probably it will be 10540-12500 zone (see week chart below). Target for beginning of 2024 year is 25-29k which should start a new bull run towards new all time high in November-December 2025. Sorry, but I will not play in Nostradamus trying to guess it. Keep that chart in mind not to get too fearful or greedy. I've created it in December 2019 and it helped me to survive through all these years. Hope it will help you as well 🙏 #Bitcoin #BTC #Halving #Cycles #HalvingCylces #BitcoinCycles #BTCcycles
From range (consolidation channel) point of view situation is bearish - range was broken down and now price bounces for re-test.
Trendline... I don't treat trendlines as market structure. Market works horizonal. Diagonal lines only good to catch impulses and fake moves. So yes, $BTC got back above that lower trendline, but that doesn't mean much without reclaiming key horizontal level.
Volume was high, but if compare with "sell" volume on September 21st pump and October 2nd double top fake wick, yesterday's volume still lose. On higher timeframe I'd prefer to wait for those sellers to come back in a form of buyers.
The bounce is still active, but remains bearish till price at least find acceptance above Daily 20EMA or ~83250. Only after we may start talking about "biggest bear trap" and BTC coming back to range top at 87k and above.
Till then huge liquidity pool zone around Monthly 20EMA (79000-79800) remains the nearest bearish target.
On 10th red 4H candle in a row $BTC dipped under the range low. The following green candle tipped my next key liquidity zone under 82180 and shown some bullish reaction. But that candle alone means nothing without the following 2-3 candles confirming same PA.
Will BTC continue ranging or break down, yet impossible to tell. But rewards for longs here should be better than for new shorts (within "range" scenario).
If no buy pressure comes and price get stuck under 83k (and rejected from Daily 20ema again), next important levels to watch on the downside will be developing Year VWAP VAH around 81300 and huge liquidity pool zone just above Monthly 20EMA (79125-80000)
Major liquidity pool under 83600 taken ✅ Should have shorted after wankees dump, but I hoped for at least temporary bounce to ~85850. Didn't happen.
Now $BTC is near the bottom of consolidation range. Range remains valid till proven otherwise. So my nearest plans are to watch PA around 83k and long in case I see bullish support.
If no buy pressure there and price get stuck under 83k, that will be a reason to consider flipping short with target around 79-80k
Prior to US session everything looked quite bullish. Then usual shake out started with pump and dump and pump again (visible on lower timeframes). Yet hard to state who is winning. but 4H uptrend remains valid. So I am betting on $BTC breakout attempt.
US Friday close at ~84267 remains a major magnet for future. Will market get back there after breakout or before, impossible to tell.
Minimum level for breakout is around 87400. If correction starts, similar amount of liquidity will be available only below 83600. Pretty far from where we are now. Market will push it up till dump back there cause maximum blood.
US session closed Friday at ~84267. But week closed at 86483. So last week's candle look relatively bullish with only one bearish factor - it didn't make new high.
At 4H we can see clear bullish consolidation range. While price remains within the range it is valid. So, either we will see $BTC breakout within nearest two days, or it will return back to range middle at ~84800 and possibly bottom at 82.7-83k
Swing trades make sense only at range boundaries. But I'm scalping, so my plan is to re-join long if price manage to break above Week close or short it if I see it failing to do so. Also I will monitor 85600 FVG and for sure US Friday close at 84266.
First day of October was very bullish, leaving just a small buy tail on M TF while pushing towards September high at ~87385. As I wrote, considering bullish momentum from previous month and week, wiping out stops above that high is highly probable. We just don't know when it might happen and what happens after.
Morning $BTC pump already took out LP at ~86600 (high volume on that wick confirms that), so there might be a pullback before next leg up. And the nearest zone that make sense to wait for is around 85666.
If no pullback, price leaves too much un-revisited gaps and will be prone to return back later. I don't know when. That is just a strong downside factor to consider.
September closed bullish - above the last LH swing high. That increases the odds of breaking above the September high and eventually testing the Weekly OB around 91–95k.
For the dips, watch 79–81k. If $BTC stays bullish, price should find strong support there. At this stage, that scenario remains the priority.
If there’s no bullish reaction within that zone, BTC risks getting stuck in consolidation before the next move. In that case, the range and its consequences will be much harder to predict.
For example, there’s a huge Weekly gap between 77.1k and 80.1k. The Monthly 20-EMA is currently around 79.2k, so in a bearish-neutral scenario, BTC could spend some time around that dynamic level before moving either lower or higher.
Adding a few more HTF key levels to show potential targets for October 👇
Resistance for bearish re-test at 83786 got hit yesterday and rejected the price ✅ Now $BTC made a strong impulse in the same direction. What next?
Today is the last day of September. Lots of fake moves ahead, so I won't make any short term predictions. Even stock indices move like crazy (for example check out DAX choppy volatility over the past 3 weeks), so very hard to forecast anything.
What we have at this moment is relatively bullish developing Month candle that can push price higher in October (if close this month same way or higher). That doesn't mean it will close Oct higher. The only thing that it says that chances to cross above September high at 87385 are above 50%.
📉 High Timeframe Forecast: Expect dump within Forth Quarter as Fed's are expected to rise Interest Rates either on October 27–28, or later on December 8–9.
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W/M 20ema, 85224, 84555, 82500, 73653, 68241
Wise Analyze
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Woof... Didn't even get to 84700 before dumping ☹️
So what do you think? Will we see $BTC re-test Daily 20ema tomorrow (or even earlier)?
Bearish scenario resistance is around 83400 and for more violent wicks up to ~83786
Looks like $BTC got one more upside liquidity hunt move in reserves. Zone around 84600 is a minor pool, while major liquidity is hidden within 85300-85650 pocket.
Hard to forecast what happens next. Theoretically BTC can continue forming a new swing up, as it remains within uptrend on Daily.
I've set new alarms for major levels at 85224 and 82500 to check chart when it breaks up or down. Price action in between is not interesting for trading.
📉 High Timeframe Forecast: Expect dump within Forth Quarter as Fed's are expected to rise Interest Rates either on October 27–28, or later on December 8–9.
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W/M 20ema, 85224, 82500, 73653, 68241
Asia took $BTC from 84966 down to 82617. London didn’t do much with the move, but there’s still a chance the US session will try to push price back toward Friday’s close.
I marked that zone at 83730–83971 in red.
Correction momentum is still intact, so this week BTC has a good chance of reaching the Daily 20-EMA - or at least filling the FVG around 82300.
That said, the weekly candle closed relatively bullish. The sell tail is a bit longer than I’d like, but the candle still closed ~1.5k above the previous Lower High.
So the end of the HTF correction is confirmed. Now we wait for a new Higher Low to form.
📉 High Timeframe Forecast: Expect dump within Forth Quarter as Fed's are expected to rise Interest Rates either on October 27–28, or later on December 8–9.
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W/M 20ema, 73653, 68241
For today expect stop hunt above 85k. Bear OB at 86160-86664 act as resistance. For liquidity below the only worthy target is under ~82.3k (maybe will be triggered next week, otherwise on the way back once big correction starts)
As long as $BTC close week above ~85k it should keep the bullish momentum to push higher next week.
Closing around 83k makes week candle look like rejected from above May high - that will be less bullish and more prone to downside volatility (although it won't break the momentum completely). That may extend period of consolidation in between 81-87k range into the next week.
High Timeframe Forecast: 📉 Expect dump within Forth Quarter as Fed's are expected to rise Interest Rates either on October 27–28, or later on December 8–9.
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W/M 20ema, 82828, 73653, 68241
Correction was inevitable, but it had options where to stop. First major liquidity pool didn't satisfy market needs, so price continues lower. Almost at my second important level - May high (82828) that price broke out just two days ago. That was a breakout level for bullish re-test. Next zone of interest is <82200
I am not forecasting where $BTC will bounce. I am watching price action and waiting (while holding a short with SL moved in profit above current 84.6k).
BTC still look decent on weekly and monthly charts and there is lots of time to close them bullish. But if close under 83k... meh... that won't look very promising for bulls at least short term.
High Timeframe Forecast: 📉 Expect dump within Forth Quarter as Fed's are expected to rise Interest Rates either on October 27–28, or later on December 8–9.
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W/M 20ema, 82828, 73653, 68241
Nothing really changed except for one failed attempt to grow higher. Chart remains within bullish consolidation.
Stops under 85080 is the nearest liquidity hunt target. That low will be wiped out in any case, regardless of what happens next (long buy tail and bounce or breakdown). Alarm set for 84700.
Alternatively $BTC may hunt for FVG around 86600 first. But bigger upside liquidity is now above 87250.
Longs make sense on the dip < 84700 followed by a strong bullish reaction. Without it impossible to place stop, as potentially BTC may re-test BOS zone at 82.8k as well.
High Timeframe Forecast: 📈 August breakout and the following consolidation formed a bull flag - target for another bullish impulse is flagpole length which draws approximate zone 96-102k 📉 Expect dump within Forth Quarter as Fed's are expected to rise Interest Rates either on October 27–28, or later on December 8–9.
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W/M 20ema, 84700, 82828, 73653, 68241
Last $BTC impulse almost got to "2025 close" 👌🏼 Very close.
From Weekly point of view too early to call the end of that move - if bull flag breakout is real, price can cover the distance of previous flagpole, which place target zone around 102k.
Shorts require price rejection followed by failed attempt to push higher. Didn't happen yet.
Longs make sense on the dip < 84300 followed by a strong bullish reaction. Without it impossible to place stop, as potentially BTC may re-test BOS zone at 82.8k as well.
📈📉 HTF - Expect dump within Forth Quarter as Fed's are expected to rise Interest Rates either on October 27–28, or later on December 8–9.
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W/M 20ema, 84300, 82828, 73653, 68241
Wise Analyze
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📉 Bitcoin Daily 📈
$BTC finally grown above May's LH at ~82828 and confirmed the end of downtrend 🥳
Weekly and 3D chart show two scenarios with highest chances to evolve:
1) BTC continue higher into resistance formed around 2025 close at 87.6k and above it. Obviously bullish close above 83k today will increase chances for momentum to take price there within this week.
2) This week close with strong rejection (sell off) and the following weeks price start correction to form new Higher Low either on Fed's Interest Rates decision on October 27–28, or later on December 8–9. So one way or another there will be a dip within fourth Quarter, as my Cycles chart forecasted.
$BTC finally grown above May's LH at ~82828 and confirmed the end of downtrend 🥳
Weekly and 3D chart show two scenarios with highest chances to evolve:
1) BTC continue higher into resistance formed around 2025 close at 87.6k and above it. Obviously bullish close above 83k today will increase chances for momentum to take price there within this week.
2) This week close with strong rejection (sell off) and the following weeks price start correction to form new Higher Low either on Fed's Interest Rates decision on October 27–28, or later on December 8–9. So one way or another there will be a dip within fourth Quarter, as my Cycles chart forecasted.
$BTC dipped <76k and bounced to 2nd target zone at ~78400 ✅
No clear confirmation that the move is over, therefore BTC can grow higher. Next zone worth watching is above 78800 and up to 79200 (bear OB EQ).
If there will be a rejection here or a bit higher, nearest liquidity on the downside is left far behind under Daily 20ema. So short trade can be profitable - we just don't have a clear zone for entry and stop yet.
📈 HTF - August candle gained momentum that should be enough to push price above previous LH at ~82828 (and by doing to confirm the bottom of the correction and bullish reversal.
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W20ema, 81500, 73653, 68241
Wise Analyze
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📉 Bitcoin Daily 📈
The fact that $BTC didn't dump while Gold and Stock Indices did (after CLARITY Act failed) was extremely bullish 💪🏼
This week market collected huge liquidity on the dips and now it searches for liquidity on the upper side.
Watching ~77500 and ~78400 zones and waiting for reaction. If I see clear rejection at one of those levels, forming new Lower High on 4H, that will be my trigger for short with stop above that high.
Taking long in that direction feels kind of late here. Although, if US dips to ~76.6k I might take a trade.
📈 HTF - August candle gained momentum that should be enough to push price above previous LH at ~82828 (and by doing to confirm the bottom of the correction and bullish reversal.
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W20ema, 81500, 73653, 68241
The fact that $BTC didn't dump while Gold and Stock Indices did (after CLARITY Act failed) was extremely bullish 💪🏼
This week market collected huge liquidity on the dips and now it searches for liquidity on the upper side.
Watching ~77500 and ~78400 zones and waiting for reaction. If I see clear rejection at one of those levels, forming new Lower High on 4H, that will be my trigger for short with stop above that high.
Taking long in that direction feels kind of late here. Although, if US dips to ~76.6k I might take a trade.
📈 HTF - August candle gained momentum that should be enough to push price above previous LH at ~82828 (and by doing to confirm the bottom of the correction and bullish reversal.
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W20ema, 81500, 73653, 68241
Waiting for 18 UTC volatility on Feds Interest Rates decision. I'll be watching that live and act based on PA. Main zones to watch if $BTC pump are Daily 20ema and area above Monthly 20ema (TG alarms set for both). On Day timeframe BTC is still within bullish consolidation, but on 4H and below going down.
Forecast is for rates change from 3.75% to 4%. Have market priced that in? Not clear. 10 year Bonds made new ATH yesterday. Maybe that was a short term HH and so risk assets will get a relief after. Maybe not. Dollar Index chart also making attempts to breakout from downside correction, which is bearish for everything else. But again, DXY is at the top of breakout area and can be rejected there today. So tricky situation.
Last week closed with bearish engulfing - momentum can take price towards ~73.9k this week.
📈 HTF - August candle gained momentum that should be enough to push price above previous LH at ~82828 (and by doing to confirm the bottom of the correction and bullish reversal.
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W20ema, 81500, 73653, 68241
Wise Analyze
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📉 Bitcoin Daily 📈
Short term targets achieved ✅ So far $BTC follows stock indices volatility pattern. Both are in uncertain situation prior to tomorrow's rate hikes where odds are for increase. So either market will price that in before the announcement and later correct up, or it will stay within the range and price in results straight after.
Last week closed with bearish engulfing - momentum can take price towards ~68-70k this week. Or at least to one-two key levels below for a start.
📈 HTF - August candle gained momentum that should be enough to push price above previous LH at ~82828 (and by doing to confirm the bottom of the correction and bullish reversal.
⏰ Free TG #Bitcoin alarms set for: Y VWAP VAH, D/W20ema, 81500, 73653, 68241