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Bitcoinidea

Shorting Bitcoin at $62,000Bitcoin bears have been getting wrecked for the past few months, but I think Bitcoin is finally forming a peak here. I'm willing to take my chances and will exit my trade if BTC continues to show bullishness above $64k. So far this week Bitcoin has increased by GETTEX:14K in just 3 days. I shorted at $62k, the price is now above my entry at around $62.9k. I'm comfortable leaving my shorts opened as long as Bitcoin doesn't continue climbing above $63.9k. Ideally I would like to see a strong move down over the next few days. For now I'm still leaving my shorts opened and will see how things are trending later BTC had a rejection near $63.9k and is starting to show some weakness here. I'll give another update later today to see how things are looking. Yesterday I emphasized that the the $61,561 price level is a key price level to monitor, and this remains as my key price level today as well. BTC is trying to find support here and ideally I would like to see a failed support that leads to a drop down lower.
BITSTAMP:BTCUSDShort
by realchartchamp
Bitcoin to hit the All Time High.Hello Traders, Welcome to the latest update on Bitcoin in the daily timeframe. From $50k, BTC has surged to GETTEX:64K , marking a 27% rally over the past 6 days. The daily close at $62.4k indicates a step forward towards the possibility of BTC hitting its all-time high (ATH). Moving forward, BTC faces the first layer of resistance between $64.8k and $65k. A successful break and close above this level, whether in the daily or weekly timeframe, could pave the way for BTC to target its ATH at $69k. While many have been anticipating a market correction, it has yet to materialize. Does this mean we are at the peak of the correction? It's uncertain. However, whether BTC reaches its ATH or establishes a new one, a correction appears imminent. It could occur either before or after the halving, but it's on the horizon. That's all for now. Thank you for reading. Regards, Team Dexter
by Dexter_The_Trader
BITCOIN $BTCUSD - Feb. 13th, 2024BUY/LONG ZONE (GREEN): $46860 - $56275 DO NOT TRADE/DNT ZONE (WHITE): $42580 - $46860 SELL/SHORT ZONE (RED): $35550 - $42580 Overall the market has a bullish sentiment, price has recently broken above my previous buy zone so I decided to rechart new areas that I would look to enter at. Levels and zones are drawn from the daily and weekly timeframes. I threw a few of the recent events around structure that I would look directly towards for new information on where price is headed and around where to enter. There is a lot more ideas on a lot more timeframes, but this is what I immediately look towards. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
BITSTAMP:BTCUSDLong
by TonyAiello
BITCOIN - 27/02/24' - Weekly Update Hello everyone, hope you guys doing great.. Firstly I would like to adress something from *Last update*, since some of you may been confused.. When I ment in update, that I expecting *Bearish Sentiment for 0-48hours* - IT MEAN, I EXPECT BEARISH SENTIMENT FOR 0-48 - Not for 5D, Week, Month etc.. and as far as Im concern, thats exactly what happend, before market continued remaining bullish to this day.. Secondly, since is close to end of month, and I would like to break down Market from Top to Bottom, I decided to wait With Update till Friday, when Monthly and other Highier time frame candles will close.. Meanwhile, I would just like to point out THAT --> Previously, when we reached closing price of 3M candle(either went slightly above or under), both times after that in upcoming days to weeks to MONTHs, we got some type of correction.. I will get deeper to it Friday... Until then, be carefull guys, and dont forget to use PROTECTION while you wildin out there ^^ Joe
INDEX:BTCUSD
by cryptocapitaltrading
BITCOIN is creating a potential Cup & Handle formation.BTC is currently, potentially creating a smaller Cup & Handle formation. (In white) And, a potentially larger Cup & Handle formation. (In Blue) Bitcoin has been on an absolute tear the past few days, and these formations could come into play down the road if price action continues to fill them out. Whether it will be the smaller (White) Cup & Handle, the larger (Blue), or a Cup & Handle pattern at all remains to be seen, but will become clearer in the coming weeks/months. These formations are speculation at this point, but I just wanted to point out the potential for each to occur down the road if the current trend continues. Good luck, and always use a stop loss.
Long
by MetaShackle
btcusdtHey Bitcoin Fam! 🚀 Check out our latest update on Bitcoin - we're seeing a chance for +18% gain! Right now, Bitcoin is a Sideways Ranging pattern, and we've spotted a small selling zone at $52,000 (just the last high). The big picture is shouting "buying opportunity!" Our nalysis predicts Bitcoin cruising to these targets: First Target: $52,000 Second Target: $54,000 Third Target: $60,000 Quick heads up: Our analysis is all about education. Trust your own market vibes and trade with your proper knowledge. We're all about sharing the knowledge for free. Happy trading, and let those gains roll in! 🌟💰
INDEX:BTCUSDLong
by oraclpips
BTC (this is it ?)Baby shark, doo doo doo doo doo doo Baby shark, doo doo doo doo doo doo Baby shark, doo doo doo doo doo doo Baby shark! Mommy shark, doo doo doo doo doo doo Mommy shark, doo doo doo doo doo doo Mommy shark, doo doo doo doo doo doo Mommy shark! Daddy shark, doo doo doo doo doo doo Daddy shark, doo doo doo doo doo doo Daddy shark, doo doo doo doo doo doo Daddy shark! Grandma shark, doo doo doo doo doo doo Grandma shark, doo doo doo doo doo doo Grandma shark, doo doo doo doo doo doo Grandma shark! Grandpa shark, doo doo doo doo doo doo Grandpa shark, doo doo doo doo doo doo Grandpa shark, doo doo doo doo doo doo Grandpa shark! Let's go hunt, doo doo doo doo doo doo Let's go hunt, doo doo doo doo doo doo Let's go hunt, doo doo doo doo doo doo Let's go hunt! Run away, doo doo doo doo doo doo Run away, doo doo doo doo doo doo Run away, doo doo doo doo doo doo Run away! Safe at last, doo doo doo doo doo doo Safe at last, doo doo doo doo doo doo Safe at last, doo doo doo doo doo doo Safe at last! It's the end, doo doo doo doo doo doo It's the end, doo doo doo doo doo doo It's the end, doo doo doo doo doo doo It's the end!
BITSTAMP:BTCUSDShort
by TrojanBible
8
BTC pain is next Alright, listen up, folks. I know things might seem rocky right now in the world of BTC, but let me tell you something – this is not the time to panic. Sure, there might be a correction looming on the horizon, but that doesn't mean it's the end of the world. In fact, it's far from it. Think about it. The big boys, the whales, they've been in this game for a while. They know how to navigate these waters, and they're already sitting pretty with their profits, probably even leveraging their positions. But what about us? Are we going to let fear dictate our actions? No way. This is our time to shine. This is our opportunity to show resilience, to show strength, to show that we're not going to be shaken by a little turbulence in the market. Remember why you got into this game in the first place. Remember the potential, the excitement, the thrill of being part of something revolutionary. So, I urge you, don't succumb to panic selling. Don't let fear cloud your judgment. Instead, stay calm, stay focused, and stay determined. This is just a bump in the road, a test of our resolve. And I have no doubt that we will come out of this stronger than ever before. Believe in yourselves, believe in the power of BTC, and together, we will weather this storm and emerge victorious. Let's show the world what we're made of. Let's hodl strong!
BITSTAMP:BTCUSDShort
by TrojanBible
BITCOIN - 4h breakdown Update to Weekly Outlook 20/02/24'Hello everyone, just a quick update to Yesterday Weekly outlook.. 4h Idea Breakdown chart: Reasons WHY Short in next 0 to 48 hours: 1 - is Lower Close then 2 2 - is Highier Close then 3, BUT it have Lower Candle High 3 - have Lower Close then 2 and Last Green Candle, BUT in the same time have Highier Candle High __________________________________________________ These are Reasons WHY I believe we are about to Short in next 0-36(48) hours at least & WHY I was yesterday slightly more bearish then bullish, but since it developed as it did, it gave me more confirmation and confidence that we are about to go Lower (Short market). Aswell, if you decide to take a trade, DONT FORGET TO USE STOP LOSS, for your own good. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSDShort
by cryptocapitaltrading
BITCOIN - Weekly Outlook 20/02/24'Hello everyone, just a quick Weekly update.. I believe that not much changed Price wise since last week, BUT we got some developments and news from Macro Economy perspective... So, Im still somewhat alerted we are RIGHT now possibly "around" or "not so far" from High, before of "reversing" at for week/two.. WITH still having in mind, that ONLY ONE TIME in History, when Market conditions was closest to similar as we are today, Market didnt find its TOP until FED started cutting rates... So there is still possibility of going Highier with time (March,April), even tho Price wise we already elevated a lot... and thats the reason Why is Executing a Trade Correctly right now difficult... So AGAIN, I would suggest EVERYONE to use STOP LOSS, if you decide to trade... cause, PROTECTING CAPITAL should be your Number 1 object every time!!! -- I would like to state, that due to everything ment above and previously - I Labeled this Idea NEUTRAL - but, my bias is slightly more bearish, that bullish as for Right Now. -- Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading
BTCUSDT.1DBased on the market data provided, the current price of Bitcoin (BTC) against Tether (USDT) is $52,089. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 76.33, 84.40 and 80.84 respectively. These values indicate that BTC is currently in the overbought territory, suggesting that a price correction might be imminent. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are 1163, 2323 and 5140 respectively. The positive MACD values indicate that the bulls are currently in control. The Bollinger Bands (BB) for 4 hours, 1 day and 7 days are all at 53570, indicating a relatively stable price volatility. The support levels for 4 hours, 1 day and 7 days are $51,056, $47,500 and $40,000 respectively, while the resistance levels for the same periods are $53,351, $53,230 and $53,800. In my opinion, while the market is currently bullish, the high RSI values suggest that the market is overbought, and a price correction might be on the horizon. As such, it might be a good idea to exercise caution and consider taking profits or setting stop-loss orders to protect your investment. However, if BTC manages to break through the resistance levels, we could see further upside. Keep in mind that this analysis is based on historical data and does not guarantee future results. Always do your own research and consider your financial situation and risk tolerance before making investment decisions.
by MarsSignals
1
Bitcoin's Daily Price Analysis: Expanding Ranges and Ascending Analyzing Bitcoin's Price Movement: A Detailed Look at the Daily Timeframe Chart In the dynamic world of cryptocurrency trading, understanding price patterns and chart movements is crucial for making informed decisions. Bitcoin, the pioneer of the crypto market, has exhibited notable price movements since December 5th, 2023, particularly within the daily timeframe chart. Over this period, Bitcoin's price action has formed an expanding range characterized by higher highs and lower lows. This pattern indicates growing volatility and uncertainty in the market sentiment. Within this expanding range, a notable development has been the testing of the high side of an ascending wedge. An ascending wedge is a technical pattern formed by converging trendlines, with the lower trendline rising at a steeper angle than the upper one. It typically suggests a potential reversal to the downside. In the context of Bitcoin's current price movement, the testing of the high side of this ascending wedge indicates a crucial juncture. The recent price action has shown high volatility, with significant swings in both directions. However, there are indications that the price is beginning to encounter resistance, as evidenced by wicks forming at resistance levels. A rejection at this juncture could signal a potential downward movement towards the $48,000 to $49,000 range, where the support side of the ascending wedge lies. Breaking through this support level could lead to further downside momentum, potentially testing the bottom of the expanding range. It's worth noting that the green lines on the chart represent areas of major support levels, adding significance to these price levels in determining market sentiment. Given the current technical setup, it's prudent for traders to closely monitor the ascending wedge pattern. As of now, the focus should be on observing price behavior within this pattern. With the potential for further downside movement, caution is warranted for those considering buying positions, as the market faces a higher probability of correction. In summary, Bitcoin's price movement within the daily timeframe chart since December 5th, 2023, has been characterized by an expanding range with higher highs and lower lows. The testing of the high side of an ascending wedge pattern amidst high volatility suggests a critical juncture for the cryptocurrency. Traders should pay close attention to key support and resistance levels, particularly within the ascending wedge pattern, to gauge potential market direction.
BITSTAMP:BTCUSD
by UnknownUnicorn2319099
Bitcoin Analysis for 2024!Bitcoin Analysis for 2024! We have been witnessing upward movements in Bitcoin for a while now. As 2024 approaches, we want to share with you the potential price movements Bitcoin might make. Bitcoin's price is hovering around the resistance range of $44,372 - $45,821 . We believe that unless Bitcoin achieves weekly voluminous candle closures above the $45,821 level, it may initiate a downward movement. If BTC manages to close candles above the $45,821 level for two consecutive weeks, the next upward target would be $53,256. However, if Bitcoin fails to secure weekly candle closures above $45,821, we anticipate its descent to the initial support range of $38,150 - $36,163. If BTC finds strong buyers in the $38,150 - $36,163 support range, it could bounce back and ascend to the $44,000 - $45,000 range. Nevertheless, it is crucial to note that for the upward trend to continue, a weekly candle closure above $45,821 is essential. In the event that Bitcoin's ascent from the $38,150 - $36,163 support range cannot surpass $45,821, a renewed descent may commence, leading to a range between $32,380 - $30,420. We believe that the actual upward trend for BTC will originate from the support range of $32,380 - $30,420, as indicated by the purple lines in our analysis. If Bitcoin initiates an ascent from the $32,380 - $30,420 support range, we anticipate it reaching $53,256 . In our 2024 Bitcoin Analysis, we focus on weekly timeframe movements rather than those on lower timeframes. Not Investment Advice. WAGMI.
by wagmitraders
4
BITCOIN $BTCUSD - Nov. 20th, 2023BUY/LONG ZONE (GREEN): $35550 - $49240 DO NOT TRADE/DNT ZONE (WHITE): $30320 - $35550 No sell/short zone shown. The market has a clear bullish sentiment and I would not look to enter shorts here. I've drawn the levels and zones (from the daily and weekly frames) that I would look towards when entering. Price reaction to these areas would be significant in determining the trend. Recently BTC has shown strong bullish momentum in respect to the most recent level/zone break. The current test on the next level is the third one in less than two weeks. Although there is resistance to the level, there have been no large structural breakdowns and entering into the third test we see support on the 4H level combined with an ascending triangle. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
BITSTAMP:BTCUSDLong
by TonyAiello
1