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
Thursday market collapse haven't made any sufficient bounce yet, but momentum slowed down. No clear LTF trend, no clear direction to trade, so I won't.
Nevertheless there are some zones on the chart worth marking. First of all liquidity pool under 80600 wasn't wiped out yet. So far we saw liquidity hunt under 81144 which was also a large LP, but not crucial. Therefore <80.6k remains attractive.
On the way down $BTC left several gaps, which are ~82375, 83090 and 83900 - these will be targets for future recovery, regardless when it happens. Nearest correlate with Daily 20ema, which make it realistic target for weekend manipulations.
#Ethereum pulled back to and below week open at 2409. Rather complicated situation to comment or forecast anything even for near future.
Nearest big liquidity pools are both pretty far - below around 2276 and above at 2588. That means that within current range not much to catch and that favor choppy PA till price finally moves towards one LP or another.
I've set alarms for swing low at 2313.39 and swing high at 2527 to watch that expansion.
Biggest liquidity pool around 84750 was a magnet for $BTC price, but once collected, price collapsed back to week open and FVG around it ✅✅
When I went to sleep everything looked pretty bullish - dump happened over the night. And now Day candle covers the distance previous two days made. Full reversal back under Week open (82078). So week candle now looks like a gravestone doji.
Yesterday's both UK/US sessions left far above, so theoretically they should make an attempt to push price back up. But no guarantees it will happen this week or anywhere near, as main liquidity now hides below ~80600 and market will hunt for it. Nevertheless now at dev Y VAH and oversold RSI short term bounce his possible.
No liquidity left below, so if market gonna hunt for blood, it got to push higher towards fair value gaps left on October 7th dump - biggest liquidity concentration around ~84750, but the area is so big, that I've placed a big red cycle there on the chart.
Wherever price will come back, there are two gaps left yesterday at ~81900 and ~82900. Mark them as zones prone for revisit in future.
📉 High Timeframe Forecast: I expect a dump during Q4, as the Fed is expected to raise 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, 87249.6, 84340, 73653, 68241
No liquidity left below, so if market gonna hunt for blood, it got to push higher towards fair value gaps left on October 7th dump - biggest liquidity concentration around ~84750, but the area is so big, that I've placed a big red cycle there on the chart.
Wherever price will come back, there are two gaps left yesterday at ~81900 and ~82900. Mark them as zones prone for revisit in future.
📉 High Timeframe Forecast: I expect a dump during Q4, as the Fed is expected to raise 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, 87249.6, 84340, 73653, 68241
Wise Analyze
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📉 Bitcoin Daily 📈
Both LPs played out - $BTC covered FVG <80900 and bounced to 73158.
Nearest liquidity pool below at ~81580 is five times smaller than nearest above at 83250, so I think market should be more interested in pushing higher. But dips to lower LP should take place as well.
Last Week closed at 81978, leaving a long buy tail (same as the week before). So we see lots of dips being bought. This week may expect revisit of last week's buy tail (that perfectly fits to lower key zone(. After then either bounce to form some kind of doji (favor reversal back to uptrend) or drop lower to August close at ~78550.
$BTC dip to developing Year VAH gave some volume, but that wasn't enough to push price back above Daily 20ema.
Yesterday forecast stays valid: expecting revisit of last week's buy tail. That move should fill the gaps around 80350.
After then either bounce to form some kind of bullish reversal pattern on Weekly or hunt for stops under week low and re-test of August close at ~78550.
Both LPs played out - $BTC covered FVG <80900 and bounced to 73158.
Nearest liquidity pool below at ~81580 is five times smaller than nearest above at 83250, so I think market should be more interested in pushing higher. But dips to lower LP should take place as well.
Last Week closed at 81978, leaving a long buy tail (same as the week before). So we see lots of dips being bought. This week may expect revisit of last week's buy tail (that perfectly fits to lower key zone(. After then either bounce to form some kind of doji (favor reversal back to uptrend) or drop lower to August close at ~78550.
📉 High Timeframe Forecast: I expect a dump during Q4, as the Fed is expected to raise 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, 87249.6, 84340, 73653, 68241
Wise Analyze
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📉 Bitcoin Daily 📈
Inflation/CPI news dumped the whole market - stock indices are dumping even harder now, while Dollar Index is pumping higher.
All $BTC fair value gaps I've marked yesterday already closed and price is heading towards Y VWAP VAH at ~81500. At this stage I won't even try to guess if price will stop there or continue lower. Cause if it continues, nearest liquidity pool still awaits around 79-79.6k
Inflation/CPI news dumped the whole market - stock indices are dumping even harder now, while Dollar Index is pumping higher.
All $BTC fair value gaps I've marked yesterday already closed and price is heading towards Y VWAP VAH at ~81500. At this stage I won't even try to guess if price will stop there or continue lower. Cause if it continues, nearest liquidity pool still awaits around 79-79.6k
$ETH looks similar to BTC now. Being rejected from last week close at 2535 and Weekly 20ema at 2520. Strong SR area here and no result of that struggle is visible yet. So 50/50. We have a tl east another 6 hours till anything will be any more clear.
I've set TG alarms for: * developing Year VAH - now at ~2759 and moving up - cross above will trigger stop hunt and most probably will push price towards 2595 liquidity pool * cross above 2640 LP * cross below 2405 - that is Tuesday 08/10 swing low - break below will dump price down to Weekly 20ema and liquidity pools above it.
⏰ Free TG #Ethereum alarms set for: Y VWAP VAH, W20ema, 2640, 2405
$BTC dipped under developing Year VWAP VAH 81430, closed FVG there and pushed back up in two strong bullish candles. That move didn't break above previous swing high at 83340, but technically the move isn't over yet.
Today might finally reveal the future. If we see break above previous high and bullish engulfing on Day close, that will increase chances for price return back to range top. Or at least towards fair value gaps around 86k.
And if today close under Daily 20ema again, that will increase chances for re-test of Monthly 20ema at 79180.
Key level from Friday’s review at 84282 reached ✅ TG alarm signaled "overbought" at 83955 ❗️
The developing 4H candle is forming a bearish engulfing pattern (so far, with ~40 minutes left until close).
The situation is tricky: $BTC is right at the boundary between recovery and acceptance back above the September close (83577), and a potential rejection from the same key level. The US session will likely lead the way.
The gaps left during Wednesday’s dump, between 84500 and 85230, are still waiting to be revisited. The nearest LP is around 84701.
Not sure BTC will remain bullish if price dips back into that lower zone. In that case, bearish momentum could easily push price toward the largest LP below 79800.
So, no firm intraday plan for now. Given the choppy environment, I might just try to catch the extremes in the opposite direction - if I’m lucky enough to catch them live.
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