BTCUSD / Bitcoin Trade IdeaAfter reaching the target I'm looking to new setup. Currently I'm looking to position myself in short till we reach point A.
A) I want to see rejection of that level with bullish closure of higher timeframes = Long
B) I'll trail short a bit more in this case and look to long in point B with same criteria.
BUT I'll be more conservative and not have big expectations to reach higher prices labeled on chart (red line on top). That level is likely for scenario A in my perspective for now as I don't want to hold a position too long on those levels.
Bitcoinsetup
BTCUSD / Bitcoin Trade IdeaBitcoin looking decent for a bit more push to the upside. Here's my thoughts and plan.
I like this momentum so ideal scenario A) is we have a minor pullback ideally into $65.000 area and push from there. M15 - H1 candle showing strong bullish intention is a must here.
Scenario B) is something I will be more cautious based on HTF narrative. Will look for buy as a scalp and if BTC rejects from this level I'll consider taking a trade for higher prices.
There is also C scenario that I consider to short this pullback but this might be quick so I won't cover it in this idea but I'm looking for this intra day setup as well.
Bitcoin 4hr Setup Bitcoin is currently experiencing a pullback, having dropped 2,000 pips over the past seven days. Several key factors are converging around the $60,000 level, making it a critical area of interest. These factors include the psychological round number of $60,000, previous market structure, the 0.5 Fibonacci retracement level, and the presence of both an upward and a downward trend line intersecting near this price. Additionally, there's a notable rejection point in this vicinity. Given these confluences, I anticipate a reaction around this level, potentially leading to further downward movement.
Bitcoin Daily Chart
Bitcoin is showing several confluences on the daily chart around the $60,000 level. After a 1,000-pip rally without any significant pullback, a retracement seems likely, as the price may need to dip before resuming its upward momentum. This time, I anticipate that Bitcoin might close below the 200-day moving average during the pullback. However, once it completes this downward move, I expect the price to eventually close above the 200-day moving average and begin a climb toward the top of the current channel.
Bitcoin Daily Chart Bitcoin is currently experiencing a pullback after a bullish run lasting nine days. The next strong support zone is between $61,379 and $60,298. I anticipate Bitcoin will fall to this point of interest (POI), where we should see a reaction. There are multiple confluences suggesting a long setup, one of which is Bitcoin trading above the 200-day EMA, an important indicator of strength.
BTC 2024 BULL RUN SPECULATIONI am expecting something like this to play out (ceteris paribus). Pure speculation however the data is based on previous cycles. Expected blow off top between $140 - $160k with a potential bear market bottom in late 2025 at between approx. $30 - $40k. Further accumulated between the range then ready for a next cycle in 2027-28
BTC Update - 10.02.2024 / Long confirmed4 hour chart:
The market over the weekend is not happy with the moves, let's look at the bitcoin chart and targets for the next couple weeks.
After price got an upside exit from accumulation, which I wrote about in the previous breakdown, got an impulsive move up coming into accumulation from above and the bts zone, leaving liquidity at the top to deliver price behind the local and key high.
I don't see the point of shorting against such an aggressive move, so I am looking at a couple POIs to consider futures long positions.
1. 4 hour imbalance + ind (I am considering a nascent long on ltf, after which I will consider).
2. 4 hour breaker imbalance (I will look for confirmation on higher timeframes, because if we mitigrate this zone of buyer interest, the structure on ltf was broken to short).
In any case, I advise you to put a small % of your deposit in positions on the weekend, as the chances of manipulation are extremely high!
Not financial advice, always think with your head! ❗
Bitcoin Weekly TFBitcoin has maintained a bullish trend for 84 consecutive days, displaying an 80% increase. Anticipate a response in the range of 46650 - 47350, followed by an expected pullback of approximately 30%. Various indicators, including the descending trendline, ascending trendline, reversal point, overbought conditions on RSI, and structural considerations, suggest that this correction may occur during any session by the end of next week.
BTC a quick lookBTC / USDT
Bitcoin is in the range between 28k - 25k in boring period ( 2 months)
4H TF Chart analysis:
Price dropped after making deviation above the range high and now is approaching very important demand zone
Between 26400-26000, BTC have high chance to bounce
But if it fails to bounce then ready for bears to take us at least below 25k in short term
In long term :
bulls must save 25k in high time frame (weekly) otherwise we will see significant drop in next months (if happen i believe it will be the final drop)
More detailed analysis on long term in next update..don’t forget to support us by your likes(rockets) and comments
Best of wishes
BITCOIN GREEN LIGHTFranklin Templeton, a global asset manager with $15 trillion under management, receives SEC approval for its spot Bitcoin ETF application.
The SEC postpones decisions on ether exchange-traded fund applications from VanEck and ARK, with a final verdict expected by late May 2024.
In a significant move, the U.S. Securities and Exchange Commission (SEC) has given its nod to the spot Bitcoin ETF application from Franklin Templeton, a leading global asset manager overseeing $15 trillion. This acknowledgment is a pivotal moment in the crypto industry, especially given Franklin Templeton’s immense influence in the asset management domain.
BTCUSDT - 17/09/2023The weekend for BTC is essentially a trap. People get bored, they get into trades, place their stop losses at the recent high/low and eventually get stopped out, most of the times on both sides, long and short.
A variant of the TR Pocket Fib consists of drawing it from the Saturday's high to its low, referring to UTC+0 timezone and after that I will then look at current market conditions to determine which entries are most likely to happen.
This Sunday I believe we can actually get a trade from all 4 levels or 2 at least because I think it's most probable for us to come to one of the lower levels to get liquidity and then go to the higher ones, possibly 27000 which has a Single Print or to 27190 which is a TPO POC. However, when and if we go to one of those higher levels, it is also very probable to come down to 23568 which has another Single Print right on top of a super ancient Breaker Block. This trap move usually happens around Sunday 16 to 19pm UTC+0.
So I think the most probable move would be to reach a lower level of the TR Pocket, bounce from there and then reject from 27000 (Single print), 27190 (TPO POC) or 27392 (Liquidation level).
However, if we go to one of the levels above first, it would then be probably best to cancel the longs since we have a considerable liquidity curve to grab and also a big vector to recover below us.
How I personally trade this is to enter on each of the levels, take TP1 at the 0.5 of the TR Pocket Fib, move the stop to breakeven and then try to let the rest ride because this can be the trade that lasts for 3 or 4 days until we get the Mid-Week-Reversal.
Also, although my bias is for more downside, we have to consider we are in a macro daily range, ever since we SFP'd 24778 (MEXC Value) so any of these long entries might be what takes BTC up if we are to do a full range rotation eventually.
BitcoinWe may see 1270000 again if breaks the support.
Careful upside is very limit as resistance is strong and retested to further fall from here.
Best buying may come next year Jan/Feb 2024..
Stay away from the bitcoin as per technical analysis.
Upside break should be very fast as of now or it will reject and fall in coming weeks or months.
BITCOIN breakdown IMPORTANT levelsAs you can see, Bitcoin price has been traded in consolidation for quite some time.
Im using fib channel to ilustrate that picture, im not usualy using it to trade.
The price has been reacted on almost every level in channel, having in mind that upper middle is slightly bullish, lower middle is slightly bearish.
But as long as we are in that channel the long swing or short swing positions will be liquidated due to a price fluctuation, and thats why im taking short term trades as long as we are in this consolidation.
Now adding Volume profile to this picture, we can see that there is not much strenght for the bulls to turn things around.
They where defended the Value area twice, the big yellow pocket on the chart where there is a low volume to none, suggesting that if price breakdown to that level it will soar to 25k.
The next defence was now, bouncing of the middle fib channel, liqudating the short positions who where aiming for the 25k. Thats why only the short term trades are in place.
Next for the bull enthusiast, every time the price goes up, the sellers driving the price down even more to collect their stops and liquidity.
As you can see the price tested 3 times the top upper channel, failing to breakthrough, making lower highs for days. As long as we are in the channel and having lower lows for me that is a bearish sentiment.
Logically speaking, the price will aim to touch the lower channel for the third time, where is a big point of control sitting with big volume on that level which is 25k.
Now that wont happen, until price closes below middle level in the channel, suggesting the bearish sentiment. Now this level is a dangerous because this level is with low volume, and very close to that breaking point on yellow pocket with basicaly no volume at all.
This is a psychological level, where bulls are aware that if they lose that level the price will tank down, thats why we have those two big wicks on that level.
Now if the price happen to close bellow the middle fib channel, and start to consolidate a little, gathering strenght for some continuation pattern, we will see the big move on 25k.
25k is the very strong buy zone, even if it breaks down a little, everyone will be jumping in, to buy for even lower price, where we could see a potential reversal for maybe a little longer uptrend, but even then we are far away from the bullrun.
Is BTC getting ready for a rise?Based on the look of price action on the daily it looks like at least a temporary rise over the next 2-3+ days.
The fake break towards the down side out of consolidation and then the break back into and through structure upwards indicates very strong probability to the upside. Also i see there are many orders sitting around the 29000 - 30000 price levels which may definitely be of interest to market makers.
So any new guys or anybody with short term shorts around this level on lower charts than the daily please be careful and keep an eye on your positions as you could be swimming against the current.
Bitcoin 1D TF Bitcoin is undergoing a corrective phase following a significant 57% upward movement. I anticipate a decline in Bitcoin's value by at least 20%, as it currently resides within a bearish channel. However, once it reaches the range of my particular interest, which lies between 24836.98 and 25335.01, I expect Bitcoin to break out of the channel. Several factors contribute to this analysis, including the presence of a declining trend line, an inclining trend line, a rejection point, the bottom of the channel, and a bullish fib level of 0.5. After experiencing a 20% drop, I anticipate Bitcoin's momentum to shift towards a bullish swing.
BTC is getting ready for BIG UP-MOVE BTC is looking good for LONG
BYBIT:BTCUSDT.P
Reason of taking this trade.
Huge selling from 30k level.
Retail seller are in short position.
After breaking 28700 level inviting more sellers for selling (Creating Liquidity) for big Up-Move.
If this happens will see BTC breaking 30k Level in few days for Sure.
Any suggestions
please comment
Bitcoin 2 Day TF Bitcoin is presently undergoing a corrective phase, with an expectation of a subsequent upward trend after a few bullish weeks. I find the price range of $24632 - $25108 particularly intriguing since it presents a high probability of witnessing a market reaction, given the favorable confluences present. This range offers a chance to consider buying opportunities.
First Target - 26800
Second Target - 30981