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Bitcoinlong

BTCUSDT.4HThe 4-hour chart for BTC/USDT provides an excellent perspective on the current market dynamics, highlighting potential trade setups based on technical analysis. Key Resistance and Support Levels: Resistance 1 (R1): $6,729.71 - This is the immediate resistance level which the price needs to breach to confirm further bullish sentiment. Resistance 2 (R2): $7,384.73 - A more substantial resistance level which, if surpassed, could signal a stronger upward trend. Support 1 (S1): $5,906.59 - Acting as the primary support, this level needs to hold to prevent further bearish momentum. Support 2 (S2): $5,608.28 - If S1 is breached, S2 could serve as the next critical line of defense against a deeper retracement. Technical Indicators: Relative Strength Index (RSI): The RSI is currently at 41.28, suggesting that there is potential for upside as it is below the neutral 50 mark but not yet oversold. Moving Average Convergence Divergence (MACD): The MACD is below the signal line, which typically indicates bearish momentum. However, the histogram shows that negative momentum is waning, suggesting that a reversal or consolidation might be near. Trend Analysis: The price is showing a descending pattern, characterized by lower highs, which is evident from the descending trend line. This suggests an overarching bearish pressure. However, the recent formation might suggest a consolidation phase or potential reversal if the price can break the descending trend line and hold above. Conclusion: Considering the technical outlook on the BTC/USDT 4-hour chart, the market is at a pivotal point. Traders should watch for a potential reversal if the price can sustain a breakout above the descending trend line. A successful break above R1 at $6,729.71 could validate a bullish bias, potentially targeting R2 at $7,384.73. However, given the current bearish setup indicated by the MACD, it's essential to remain cautious. If the price fails to break above the descending trend line and falls below S1 at $5,906.59, it might accelerate losses towards S2 at $5,608.28. Traders should consider using tight stop-loss orders to manage risks and possibly wait for a clearer signal, such as the RSI moving above 50 or the MACD crossing above the signal line, before taking more definitive positions.
by MarsSignals
BITCOIN: Target 100k+, IF this happensBitcoin just broke under an important support area of 60k and hit 56k. However, if you look at the chart you can see that we went straight back up to 64k, making a FULL retracement. If you look closer you can notice the exact same pattern happened 25'th of January, followed by a week of sideways movement and then the breakout that sent price all the way to 72k. Last move happened in two big moves: From the first breakout: 42k to 52k, followed by another week of sideways movement. Then the last push from 52k to 72k. Respectively, this represented a 23% move from 42k to 52k. Then 10 days of consolidation in a flag pattern. Followed by a 38% move from 52k up to 72k. If this repeats: First target would be around 78k. Second target around 108k. However we could reach much higher than 108k since Bitcoin moves exponentially during bull runs. My plan to know when to exit, is simply to look out for 3+ days of sideways movement and if price makes new flag patterns (tight ranges), then simply re-enter the position again. For this idea to be valid, look out for: 1. Price to stay within this range of 62k - 66k in the coming 3 - 5 days, before entering *Better entry, but a slightly lower probability. 2. And/Or wait for price to break out from 66k after 3 - 5 days, before entering *Worse entry, but higher probability. Good luck everyone! Like, share and comment if you like this post and want to see more like this.
COINBASE:BTCUSDLong
by naturex1
ZK/USDT (Polyhedra Network) Long Entry!Exciting times for ZK/USDT on the Polyhedera Network! It's been turning heads, securing the #3 spot in Top 20 Coins Searches and claiming the #1 position in Most Visited Coins over the past 24 hours. From a technical standpoint, the recent breakthrough is especially notable. Breaking the descending trendline, which previously acted as a formidable barrier with four resistances, marks a significant shift in momentum. To confirm a bullish trend, however, it's crucial for ZK/USDT to solidify this breakthrough by retesting the support and resistance flip zone highlighted in the blue box. This zone presents a compelling opportunity for a LONG entry, signaling a potential continuation of the upward trajectory. Keep a close eye on ZK/USDT as it navigates these critical levels, and let's see where this momentum takes us! Let's wait for the breakthrough of the support and resistance flip zone highlighted in the blue box and its retest on it. Don't forget to trigger your trade at the retest or meaningful zones such as breaker block, demand zones, or etc. Have a happy trading time!
Long
by TB_Global
8 to 10 new price lowsHey guys and girls, Preamble: You must have a plan, (what are your targets? or where is your stop loss? or ... ) Why? because, without a plan, you tend to make decisions "emotionally" :) My vision: BTC is about to do the unthinkable. Technical Section: Pattern: Bull flag Candlestick Pattern: 8 to 10 new price lows Pattern description: bullish reversal pattern RSI ---> oversold MACD ---> Buy signal Price projections: Buy signal = $ 64700 Target 1 = $ 68000 Target 2 = $ 72000 Target 3 = $ 80000 my vision is clear now. Appendix:
BINANCE:BTCUSDLong
by BTC-XLM
2
Bitcoin January 20211. "Bitcoin is a technological tour de force." - Bill Gates 2. "Bitcoin is the currency of resistance." - Max Keiser 3. "Bitcoin is a remarkable cryptographic achievement." - Eric Schmidt 4. "Bitcoin is a very exciting development, it might lead to a world currency." - Milton Friedman 5. "Bitcoin is a tool for freeing humanity from oligarchs and tyrants." - Roger Ver 6. "Bitcoin is the most important invention in the history of the world since the internet." - Roger Ver 7. "Bitcoin is a remarkable innovation, a digital currency without a central authority." - Gavin Andresen 8. "Bitcoin is a mathematical protocol, a breakthrough in technology." - Andreas Antonopoulos 9. "Bitcoin is a hedge against the world's collapse, a store of value in a digital age." - Cameron Winklevoss 10. "Bitcoin is a rebellion against the monetary system, a revolution in finance." - Unknown
Long
by TrojanBible
DON'T FALL FOR IT!! Can you tell me what's next?Every #Bitcoin consolidation since the bottom has had 3 things in common... 1. Each time, it has created a "retail" pattern, such as a wedge. 2. The pattern seemed to #breakout (signaling traders to go long and becoming trapped), only to realize the move as a #fake-out back into the pattern. 3. Then, there seems to be a continuation to the breakdown of the pattern (liquidating late longs and signal traders to go short and becoming trapped), only to deviate back into the pattern just before a massive move to the upside (liquidating the late shorts). This false move to the downside, so far, has also always correlated to the bottoming of the #StochasticRSI. The market makers want your bags and this is how they get them. ------ Tell me what comes next... 😏
COINBASE:BTCUSDLong
by DoozerInvest
$STRK breakout Done > Trading a descending channel pattern involves identifying a bearish trend where the price consistently forms lower highs and lower lows within a channel. Here's how you can approach trading this pattern: 1. **Identify the Descending Channel:** `The first step is to recognize the descending channel pattern on a price chart. Look for a series of lower highs and lower lows forming parallel trendlines sloping downwards. This pattern suggests a bearish trend where sellers are in control. Confirm the pattern by ensuring that the price touches both the upper and lower trendlines multiple times.` 2. **Entry and Exit Points:** `When trading a descending channel pattern, consider selling (shorting) near the upper trendline of the channel when the price reaches this level. This is where resistance is likely to be strong, presenting an opportunity to enter a trade with lower risk. Set a stop-loss order above the upper trendline to manage risk in case the price breaks out of the channel. Aim to exit the trade near the lower trendline of the channel, where buying pressure may increase, providing a potential opportunity to take profits.` 3. **Risk Management and Confirmation:**` Implement proper risk management techniques to protect your capital. This includes setting stop-loss orders to limit potential losses if the trade goes against you. Additionally, look for confirmation signals such as bearish candlestick patterns, negative momentum divergence, or other technical indicators aligning with the descending channel pattern to increase the probability of a successful trade. ` Remember, trading patterns carry inherent risks, and it's essential to practice proper risk management and conduct thorough analysis before making trading decisions. Additionally, consider using a combination of technical indicators and fundamental analysis to enhance your trading strategy and increase the probability of success.
Long
by Crypto-Adda_Official
Caution: Bear trap on Bitcoin! ⚠️ Bitcoin's potential bear trap above $60,000 amid uncertainty over FED actions. Bitcoin's price bouncing back above $60,000 raises concerns of a bear trap. Market fundamentals, specifically FED actions, adding to the uncertainty in the crypto market. Speculating on FED decisions is risky, but their transparency can impact market sentiment. ⚠️ Implications of recent financial easing and potential bear trap for Bitcoin investors. Quantitative easing signals potential turnaround in financial conditions. Coinbase closure above 233 HPDR bands may confirm bear trap for Bitcoin. Massive Wick to the downside suggests damage from past week may be mitigated. 📉 Bitcoin may experience a significant correction in mid-May, potentially setting a bear trap. Bitcoin has been in a cycle for 49 days, nearing the longest correction period of 63 days. The timing for a potential low or bear trap for Bitcoin could be in mid-May, around day 63 of the cycle. A tweet was mentioned regarding this analysis, providing additional information on the topic. 🕰️ Cryptocurrency signals showing high probability targets, despite challenges and personal struggles. High probability targets for Bitcoin signals Struggling with personal challenges and sickness Finding solace in playing Dark Souls 3 ⚠️ Bitcoin's potential trap for investors in May highlighted by technical analysis indicators. Key technical indicators like RSI and moving averages are currently indicating a downside trend in Bitcoin's price. Bitcoin's price movement sideways could lead to a reset of technical indicators, potentially signaling a bullish reversal. If Bitcoin avoids breaking below current lows, a bullish scenario could unfold in the later half of May and June.
Short
by Henrywaters
BTCUSD 1H Long Trade - 1:6 RRRTP: 70382.05 SL: 57172.95 In this trading strategy, we present a compelling opportunity for a short position on the BTCUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:6. Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. A rising EMA200 indicates a bullish bias in the overall trend, providing confirmation for potential long positions. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. A bullish crossover (when the MACD line crosses above the signal line) or divergence from the price action signals potential upward momentum, aligning with our long position strategy. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
COINBASE:BTCUSDLong
by panjikadar