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Bitcoin technical analysis + trade plan by BFTechnical Analysis for Bitcoin (BTC/USDT) by Blaž Fabjan Overview of Current Market Structure: Descending Trading Channel: The Bitcoin price is currently trading within a descending channel, marked by parallel lines of resistance and support. The price has respected both boundaries and continues to oscillate between them. Support: The current support level within the descending channel is approximately 60,000 USDT, as shown by the lower green line. Resistance: The resistance level is around 61,758 USDT, as indicated by the upper green line. Potential Breakout: A potential breakout to the upside is indicated by the analysis. If the price breaks through the resistance zone, we may see a rally towards the 64,591 USDT mark, which is a key resistance level in the broader time frame. Indicators Analysis: RSI (Relative Strength Index, 14 periods): The RSI is currently around 39.25, which indicates that the market is in a slightly oversold condition. This suggests a potential buying opportunity if momentum shifts to the upside. Stochastic Oscillator (14, 3, 1): The stochastic oscillator shows a value of 27.09, signaling that the market is near the oversold region. A bullish crossover between the %K and %D lines could trigger an upward move. VMC Cipher B Indicator (Divergences): The VMC Cipher B Divergences are currently showing bearish momentum, but the price appears to be bouncing off a significant support level. We are awaiting confirmation for a reversal. HMA Histogram (40, 44): The HMA Histogram shows a value of 91.97 in the short term, indicating that bearish momentum is starting to slow, and a potential bullish reversal could occur soon. Key Levels to Watch: Immediate Support: The key support level lies around 60,000 USDT. If the price drops below this level, further bearish movement towards 58,000 USDT could be expected. Immediate Resistance: Resistance stands at 61,758 USDT, the upper boundary of the descending channel. A breakout above this level could trigger a bullish rally. Key Target Level: The next major target on a breakout would be the 64,591 USDT resistance, where the price is likely to face significant selling pressure. Trading Plan: Bullish Scenario: Entry Point: Look for a breakout above the 61,758 USDT resistance level. Confirm the breakout with increasing volume and price closing above the channel. First Target: 64,591 USDT, which is a major resistance zone in the upper range. Stop Loss: Place the stop loss slightly below the support level of 60,000 USDT to manage downside risk. Second Target (Aggressive): If bullish momentum continues, a potential extension towards 65,500 USDT is possible, aligning with previous highs. Bearish Scenario: Entry Point: If the price fails to break above the 61,758 USDT resistance level and starts rejecting at this point, consider a short position with a breakdown below the 60,000 USDT support. First Target: A drop towards 58,000 USDT could be expected if bearish momentum accelerates. Stop Loss: Set the stop loss above 62,000 USDT, just outside the resistance of the descending channel to account for volatility. Neutral Scenario (Sideways Trading): If the price consolidates between 60,000 and 61,758 USDT, wait for a clearer breakout or breakdown before entering any trades. The current channel suggests potential opportunities, but patience for confirmation is key. Risk Management: Position Size: Use proper risk management by not risking more than 1-2% of your capital on any trade. Risk-Reward Ratio: Maintain a favorable risk-reward ratio of at least 1:2 or higher to ensure the profitability of your trades.
Long
by elfabiiani
1
BTC Big Fall With MA-200 read the caption The price faced hurdles near a key bearish trend line at $64,200 on the same chart. There was no convincing close above the 100 simple moving average (red, 4 hours). The price corrected gains and declined below the $63,500 level. Immediate support is near the $62,200 level. The next key support sits at $61,400. A downside break below $61,400 might send Bitcoin toward the $60,500 support. Any more losses might send the price toward the $60,000 support zone. On the upside, the price could face resistance near the $63,250 level. The next key resistance is at $64,502. A successful close above $64,500 might start another steady increase. In the stated case, the price may perhaps rise toward the $65,501 level
BITSTAMP:BTCUSD
by Mrsam36
Bitcoin ARE WE CORRECTING DOWN & T0 WHERE ???? Hey Traders I take a quick dive into Bitcoin: currently it appears we are making our way down with some signals from candlesticks such as our lucky hammer which indicates bearish thinking. Question is where do we go from here and can we punch back up or will sink further down to 50K and below ? Must watch Comment, like follow if you liked this video and found it useful or tell me what you think you see will happen with Bitcoin MB Trader
COINBASE:BTCUSDShort
by Mindbloome-Trading
BTC Bullish Above $65.5K, Bearish Below $60K | Weekly to 4-HourHey everyone, it’s Mindbloome Trader here! Let’s dive into Bitcoin’s charts, from the weekly to the 4-hour timeframe. If BTC breaks above $65,570, we’re in for a bullish run. But if we dip below $60K, things could turn bearish fast. Keep these levels on your radar and, as always, trade what you see. Let’s get it! Key Levels: Bullish above $65,570 (Target higher moves) Bearish below $60,000 (Watch for downside pressure) Mindbloome Trader Trade what you see
MARKETSCOM:BITCOIN
by Mindbloome-Trading
BTC Wyckoff accumulation Schematic 2 - Moving as planned!BTC Update: So since my analysis on BTC, price has delivered beautifully and exactly as anticipated from the forecast, having took the internal highs at FWB:65K and into HTF supply from the prior weekly bearish leg and we had the bearish reaction from this area. Price has pushed back into the daily range with a lovely bearish reaction, further fuelled by the FUD news, timed pretty much perfectly to the bearish momentum and downturn in the market as we sit in this accumulation range. However im not worried regarding the news as i see it as FUD in line with my wyckoff understanding. In line with my USDT.D update also posted recently⁠, im still seeing a little downside risk in BTC and im expecting it to continue bearish and push down deeper into the levels marked up between GETTEX:59K - $52K. This level is the discount of the accumulation range and the HTF weekly range and aligns with the weekly demand range, 3D demand range and daily demand range, alongside resting SSL to target at $57,500 in this area, making a prime reversal level and key level imo. As im viewing this as a reaccumulation range, following wyckoff schematic 2 as shown, im looking at price to form a last point of support in this area and a bullish reversal to form and expand out of it as shown. This is my main idea and thesis so far as we continue to range here after the capitulation event. Now my idea could get invalidated at a later time but right now its aligning pretty perfectly alongside what im seeing on USDT.D in its distribution range and price doesn't have to take the lows again on BTC so don't be fooled into thinking it does as right now its not suggesting this and im not looking for it. Patience is needed here as we need more price action to form to work with, but overall its looking great, i aint worried and my focus remains on the range. As a result, i expect alts to continue to bleed and underperform, especially as BTC.D continues to push up into HTF supply and ETH is looking rather weak here with potential to take its lows again, which could end up being SMT divergence between ETH and BTC as it forms its bottom here over the coming weeks. With Q4 just starting, im looking for the next expansion phase in the market to begin within this quarter, alongside the US elections next month which is typically a bullish event in the market! Its all aligning in my opinion for a bullish Q4 and Q1 of 2025, we just need to have patience here and not get shaken out in this range. In addition to this China has started quantitive easing and their market has went on a massive bullish run the last week, with the US also easing up on interest rates cutting them by half a point, leaving investors able to acquire debt at a cheaper rate which typically fuels further bullish momentum in the market, as the M2 money supply increases too which i will delve into in another post. Essentially as global money supply increases, money markets tend to also increase and ill break down this relationship in some other charts to show you just how correlated this is as its very interesting stuff. The technicals are aligning with the macros and i think its shaping up to be a great Q4 and Q1 of 2025! Dont be fooled by the first bearish tones to Q4, think of the monthly candle in terms of the PO3 Power of three formation, we have started the new monthly candle, forming the downside wick before the true expansion to the upside begins!
BITSTAMP:BTCUSD
by marshyyy
#BITCOIN is fine, Don't panic!Bitcoin continues to trade within a descending channel, with the current weekly candle showing a 7.17% drop, rejecting near the $65,000 resistance level. The price has entered a Weekly Fair Value Gap (FVG) between $60,000 and $62,500, where we might see some buying support. (FVG sare levels of liquidity gaps which the MMs eventually take before continuing the uptrend) Explained more in my previous BTC/USDT Chart However, a break below the invalidation level at $57,466.09 could lead to further downside towards the channel support. Bulls need to HOLD the FVG to initiate a bullish breakout. Invalidation Level: An invalidation point is marked around $57,466.09. If the price breaks below this level, the bullish scenario becomes invalid, and further downside action is likely to follow. There's also 200 MA support around the $59.8k level. This is an important level to keep an eye on! I think we will see a relief soon! NOTE:- Stop panicking! When the market pumps, everyone wants a dip, but when the dip comes, fear takes over. This is often a sign you're taking on more risk than you can afford. Stay calm and focus on Altcoins, which often bounce hard after corrections. While Crypto Twitter was expecting a green October, the market makers threw in a surprise to start the month. Expect a few days of downtrend and consolidation, followed by daily green candles. That’s my view, not financial advice! Let me know your thoughts in the comment section and do hit the like button sp it reaches more souls who need to read this! Thank you #PEACE
BINANCE:BTCUSDLong
by Cryptorphic
9
BTC & Crypto Market Forecast. 4 Yr Cycle Top and Elliot WavesIn this video, I've pulled up an old chart from 2022 I've had on my desktop (not my original chart) that shows potential Waves 3-5 for Bitcion and the 4 year cycle high time targets. In my new chart, I've re-created this showing that we're ahead of schedule from the dark study, and the 4 year past cycle time targets for reaching ATH around 539 days after the halving. But as we know, we hit ATH's this cycle already BEFORE the halving, so it's unclear how that's going to affect the next phase. It would certainly make sense, that everybody (Big money, smart money and even us dumb money retail traders) will be looking to 'go all in' early... But also to GET OUT early. Remember, it's a game of musical chairs.. and the music is speeding up. For these reasons, and other global economic and political influences... I think we could STILL see a left-translated cycle and a parabolic bull rally going into Dec of this year... Unsure if that would be THE Top, but I'd be looking for some profit taking and correction there, which most likely WILL LOOK like the top. But may not actually be. We may still see the 4 year cycle play out, and continue to push higher until October '25 as the original study suggests (539 days post-halving). On the one hand, some are suggesting a deflationary market bust in early 2025 for both the stock market and Bitcoin / crypto. We'll have to wait and see. But it does look like we're experiencing the Wave 4 pullback, and poised to beging the final Wave 5 phase of the bull-run. What do you think? Would appreciate any likes, comments, or compliments below. Cheer always welcome! To the moon 🚀
BITSTAMP:BTCUSDShort
by BrettFogle
Bitcoin & some Sunday thoughtsAt this moment, I’m long Bitcoin, just like many others out there who are hoping for the next all-time high. The dream of Bitcoin breaking its historical peak is alive, but there’s this lingering question I can’t ignore: what if it doesn’t happen? It’s worth considering a scenario that no one really talks about — what if Bitcoin doesn't break out to new highs and instead stays in a range between $50k and $70k for the next few years? We've seen this play out before in other markets. Take gold, for example, between 2020 and 2024. After its big run-up, it stayed in a range, teasing breakouts but taking years before finally breaking through its previous all-time high. What If Bitcoin Enters a Prolonged Range? The idea that Bitcoin might simply range trade between key levels for a long period is not that far-fetched. The fact that we now have Bitcoin ETFs isn't necessarily a bullish argument. After all, ETFs exist for gold too, and that didn’t prevent gold from ranging for several years. Similarly, the argument that institutional investors are buying Bitcoin also isn’t a guarantee of a breakout. Big players have been accumulating gold for years, and yet, the price didn't explode immediately. Instead, it moved in a sideways range, frustrating long term bulls, until it was ready for a sustained move. The Danger of Fake Breakouts Bitcoin is notorious for its spike-like moves that give traders hope of a breakout, only to reverse in the opposite direction shortly after. It’s entirely possible that in the coming months or years, we could see multiple fake breakouts to the upside, triggering excitement that "this is it," only for Bitcoin to quickly retrace, leaving traders caught off-guard. The same thing could happen with downward spikes that make people think the bull market is over, only for Bitcoin to bounce back into its range. Final Thoughts Bitcoin’s potential to enter a prolonged range, despite the ETF and institutional buying, is a real possibility. The key takeaway is that traders and investors should be prepared for both scenarios: the explosive breakout everyone hopes for, but also the chance that Bitcoin could just as easily trade sideways for years, keeping everyone guessing. As always, the market will do what it wants, and our job as traders is to remain adaptable, keep emotions in check, and make the best decisions based on what we see, not just what we hope for.
BITSTAMP:BTCUSD
by Mihai_Iacob
12
Bitcoin is above main Support After breaking the resistance level of $65,000, Bitcoin is currently trading above this level, which has now become an important support level. As seen in the chart, Bitcoin is in a mid-term ascending channel, and upon hitting the resistance level of $66,400, it faced a rejection and broke below the midline of the ascending channel. We expect Bitcoin to test the support range between $64,500 and $65,000 before starting a new upward movement. If it rejects from this level and buying pressure increases, we will likely see a retest of the resistance range between $64,500 and $67,000. Conversely, if the support level is lost, we could witness increased selling pressure, leading to a move towards the bottom of the ascending channel. If the bottom of the channel is broken, a candlestick shadow towards $63,700 may form. With the opening of global banks, we expect to see the beginning of volatility in Bitcoin.
by bizamooz-com
2
#BTC/USDT Weekend Update!#BTCUSDT: Not much is happening—just sideways price action on low volume due to the weekend. Expecting more volatility on Monday after the weekly close. For now, OB remains untested so be ready if that gets tested, possibly $63k-$64.3k. It will give us some good entries for scalp and swing in altcoins. With both the monthly and weekly closes approaching, these will be crucial. We’ll need a few confirmations for the anticipated "UPtober." I’ll be sharing more details on Monday. Alts? Alts might be choppy for now, but I expect strong rallies next month. Remember, dips are for buying! Have a great weekend folks! Do hit the like button if you like it and share your views in the comment section. Thank you #PEACE
by Cryptorphic
4