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Bitcoin → Broke Weekly Resistance! On to $46,000!? Let's Answer.Bitcoin has broken Weekly Resistance at $38,000 and raced to the top of the bull channel around $42,500. Now that the move seems to have played out, what is the next trade? How do we trade this? 🤔 If you're not already in a long, Do Not Enter the market. We're too close to the bull channel resistance, we haven't tested the previous Weekly Resistance as Support, RSI is over 76.00 and far above the Moving Average. We should remain bullish given the macro trend and that the top of the 2021 Trading Range at $46,000 is at the proposed Measured Move target. Best to wait for a pullback and find support again, likely around $40,000 at Bull Channel support. A bull signal bar and confirmation candle will give us the necessary probability to enter a 1:2 Risk/Reward Ratio Long. 💡 Trade Idea 💡 Long Entry: $40,700 🟥 Stop Loss: $38,500 ✅ Take Profit: $45,100 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Breakout from Previous High Support! 2. Bull Channel, Bias to Long. 3. Weekly Resistance Broken! Possible Measured Move Up. 4. $46,000 Measured Move Lines Up With Lifetime Resistance. 5. RSI over 76.00, Bias to Short for the short-term. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
INDEX:BTCUSDLong
by TraderEngineering
2
Bitcoin: Quick BreatherSpeculations I believe Bitcoin is coming due for a "steep" correction but not in an unload your wallets and get out of the game kind of way. It has rallied hard over the last few months and despite experiencing significant increases in value, Bitcoin's volume has slowly dwindled. It is for those reasons and -- more in the following paragraph -- that I believe Bitcoin will most likely see a drop to around $35K. Trend Analysis On the 1D and hourly charts, I have drawn out a symmetrical triangle (yellow) that envelops the $35K support which rests around the 61.8% Fibonacci retracement level. I utilized Fib retracements in both the up and downtrends to find what I believe will be a reasonable bottom; the downtrend Fib levels place 61.8% too low in my opinion. Bitcoin's current value is consolidating within a smaller symmetrical pennant (white) and appears to be on the verge of breaking down. Using the volume indicators and Fibonacci levels to support my theory, I believe that selling pressure will increase as we approach the Bitcoin ETF decision. I think that many traders will exit their positions out of fear of an ETF rejection which will cause a cascade to the 61.8% Fib level. Speculative Projections Because of the crypto market's overall bullish sentiments, I feel comfortable projecting a double bottom pattern that may develop within the symmetrical triangle. However, once an ETF decision has been made I don't believe the current patterns will remain valid. I am expecting that there will be a premature breakout or breakdown at this time.
COINBASE:BTCUSD
by Shepherd_Investor
2
Bitcoin's up-trend - Rates to monitor! 03.02.2023Big "falling wedge" consolidation pattern for aprox a year Nov 2021 - October 2022 upside BREAKOUT and RETEST confirmation. Since breakout, consistent higher highs indicating up-trend. 25300 is key resistance, with a weekly candle close above 25,300 , next immediate target could be 31,500, following with 36,900. A weekly candle break below 22,800 may lead down to re-test 20,700-21,000. For now, Bitcoin is stable in the up-trend and not overbought. -------------------------------------------------------------------------------------------------------------------------------------------------- I encourage you to do your own research and trade with caution. Would very much appreciate your comments and questions! Thank you! --------------------------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by Exactus
3
Bitcoin is going to have some neutral movements and then 52K!Hello everyone, After an strong bullish movement that we saw from Bitcoin, Now I expect some side way movement in current price range which is defined on the chart. Key points are 45500$ and 52000$ as resistance areas. 40000$ support is also our strong support in order to maintain the price. Also don't forget about upcoming Bitcoin halving which occur on Friday Apr 19, 2024 at 01:04:18 PM UTC. This can cause huge pump in the future. Sincerely, Taha Zargar.
Long
by TahaZargar
8
SFXUSDT 🟢🚀 Premium Crypto Signal Alert! 📈 🔔 Signal: BUY Asset: SFXUSDT 📈 Technical Analysis: The SFXUSDT pair has generated a compelling BUY signal as it witnessed a significant weekly price cross-up, surpassing a strong resistance level and closing above it. This breakthrough has transformed the previous resistance into a robust support, indicating a bullish trend. The price trigger for the uptrend has set the stage for potential gains. 📊 Trade Details: Entry Point: ≈0.19 Target 1: $0.32 Target 2: $0.48 Target 3: $0.78 📈 Trade Analysis: The weekly price cross-up, overcoming a strong resistance, and establishing it as solid support suggest a strong bullish sentiment for SFXUSDT. The trigger for the uptrend indicates the potential for substantial gains. Targets of $0.32, $0.48, and $0.78 present attractive profit opportunities as the bullish momentum unfolds. 💡 Risk Management: - Only use 5% of your capital for this trade to mitigate risks. - Avoid going ALL IN on trades, even if you're confident they will succeed. - Do not invest your full capital; it's important to diversify and manage risk exposure. - Consider setting a stop-loss at an appropriate level to protect your investment by regularly monitoring and adjusting levels as needed. - Successful trading requires patience. Allow the trade to develop and avoid impulsive decisions. 🔄 Additional Buy Zone: - Be prepared to identify and utilize another buy zone if market conditions require it. Flexibility is key in adapting to changing trends. ⚠️ Spot Trading vs. Futures: - Spot trading is a safer and more controlled approach, allowing for better risk management compared to the higher volatility and speculative nature of futures trading. - Exercise caution and consider the potential risks associated with leveraged instruments. 🚨 Disclaimer: Trading involves risks, and past performance does not guarantee future results. Exercise caution and conduct your research before making any financial decisions.
Long
by obeiibra
Bitcoin 4H Long TradeBitcoin about to retest a strong 4H support zone that will send the price higher to test again the levels around the next Ressistance and possibly breaking out higher. The Trade Idea has 1 to 2 Risk Reward which is the gold standard in trading but sometimes it is better to take profits when you can and that is possibly around the area where the trade will reach 1:1 RR as there is another minor ressistance it will be a good opportunity to take partial profits. Check my other Forex ideas in my profile and follow for more trade alerts. COINBASE:BTCUSD BINANCE:BTCUSD BITSTAMP:BTCUSD
PEPPERSTONE:BTCUSDLong
by Elite_Forex
BTC in 2024 and 2025. New ATHLet's play to see the future. It's just a game, but it rhymes with previous #BTC cycles. From the beginning of 2024 until the moment of the halving, as in previous cycles, I think we could suffer a #BTC correction of between 20% and 30% at most. Then a not very aggressive journey will begin where we will move away from the average of 200 weekly periods until we surpass the new ATH of #BTC. At that moment, #BTC may lateralize for a few days or even make a correction of 15% or 20% and head quickly to a new ATH and maximum of this cycle. I think the new ATH could leave it around $150,000.
BITSTAMP:BTCUSDLong
by Markitos32
[Watch] MARA versus Bitcoin 6️⃣0️⃣| Year to date:653,07%What is going on Team NASDAQ:MARA Let's go straight to business Please note where is our exit for that specific idea on MARA. I will keep updating J.R.'s 2024 (potentially 2025) Roadmap Keep your focus so you can make it happen. Breathe and flush those negative emotions. Remember until my next video... Above All and All-in-All; God Bless America J.R. Jaén Risk Disclaimer: 1. Past Performance is not indicative of any future performance. 2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything. 3. I can and will have a position in MARA anytime because I like the stock and company. 4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. 5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
NASDAQ:MARALong
by josericaurte.jaen
2
Bitcoin Top and 27% Pullback Likely To $32k Support?Looking like Bitcoin topping out here and in need of refresh and retest of lower support. Since BTC commonly has 25%-27% pullbacks to support, this is looking more like a 'Sell the News' setup for when the BlackRock ETF likely gets approved in early January. For this rally to sustain and hit our higher projections of $100k, $155k, or even $210k, Bitcoin needs to retest support around $32k level in my opinion. At least a pullback to $38k before resuming the push higher to the FWB:48K - $50k Golden Pocket. What do you think Bitcoin goes next?
Short
by BrettFogle