BTC/USDT Outlook ICT ConceptsBitcoin (BTC/USDT) Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on BTC/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
We expected the price to expand lower after a brief retracement higher, which it did. The price has since swept some key liquidity levels.
📍 Current Market Overview:
The current price is around 61,932.00. The price has swept the previous week low (PWL), taken out some sell-side liquidity (SSL), and tapped into a Daily Fair Value Gap (FVG). Additionally, it is inside a weekly FVG.
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWL: Previous Week Low
• PWH: Previous Week High
• PML: Previous Month Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe
• Weekly FVG: Weekly Fair Value Gap, indicating areas of imbalance on the weekly timeframe
📊 Key Considerations:
SMT at the Lows with ETH/USDT: BTC has formed higher lows while ETH has formed lower lows, indicating potential bullish divergence.
Daily and Weekly FVG Interaction: The price has tapped into a Daily FVG and is inside a Weekly FVG, suggesting potential support.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Retracement Higher: We can expect the price to have a retracement higher from here to some key levels or lower time frame low resistance levels.
• Targeting Key Levels: The price could aim for the FVG above and possibly sweep minor buy-side liquidity before deciding on the next move.
📉 Bearish Scenario:
A bearish scenario should be considered if the following conditions are met:
• Failure to Hold Support: If the price fails to hold the support provided by the Daily and Weekly FVG, we might see a continuation lower.
• Clearing Buy-Side Liquidity: For any bearish scenario, we need either one of the key buy-side levels to be taken or create some low resistance buy-side liquidity on lower time frames and sweep them, after which we could aim for lower prices.
📊 Chart Analysis Summary:
• Bullish Expectation: The expectation is for the price to potentially retrace higher from the current levels, targeting the FVG above or some lower time frame low resistance levels.
• Bearish Expectation: For a bearish scenario, we need to see a failure to hold the current support levels and potentially clear some buy-side liquidity before considering lower targets.
🙏 Thank you for joining us!
Exploring BTC/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Bitcoinusd
#BTCUSD/H4. What opportunities are there for BTCUSD and Bitcoin?BTCUSD long-term analysis:
After establishing a new peak at 70000; BTCUSD has dropped sharply to the previous support area of 63500, where a correction towards 64800-65000 is occurring before continuing the downward trend.
There is a high possibility that BTCUSD will form a bottom around 61000-61500 and move back up.
Recommended orders:
Plan 1: SELL BTCUSD zone 64800-65000
SL 65300
TP 63300-62300-61000.
Plan 2: BUY BTCUSD zone 60900-61100
SL 60600
TP 62000-65000-69000.
BITCOIN - TRUMP ENDORSES BITCOIN AS US CRITICAL RESERVE - CM101BITCOIN / USD TA
To provide a technical analysis of Bitcoin based on the chart, let's focus on key elements such as trend lines, chart patterns, and Fibonacci retracement levels:
1. Fibonacci Retracement Levels:
- The Fibonacci retracement levels marked on the chart indicate significant price levels where Bitcoin may find support or resistance. We do not believe that we will see such levels any time soon though... These levels are:
- 0.236 at approximately $21,849
- 0.382 at approximately $27,207
- 0.5 at approximately $32,484
- 0.618 at approximately $38,784
- 0.786 at approximately $49,919
2. Chart Patterns:
- The chart shows a descending channel where Bitcoin has been consolidating.
- The breakout from this descending channel is crucial. The chart indicates a potential breakout to the upside.
3. Support and Resistance Levels:
- The immediate resistance level is around $68,846 (the previous high).
- There is support at approximately $62,500, which is indicated by the red line and the lower boundary of the descending channel.
- Further support levels are aligned with the Fibonacci retracement levels mentioned above.
4. Trend Analysis:
- The overall trend appears to be bullish as Bitcoin has been making higher highs and higher lows since the bottom in early 2023.
- The breakout from the descending channel could signal a continuation of this bullish trend.
5. Price Projections:
- If Bitcoin breaks above the $69,000 resistance level and sustains the momentum, the next major psychological level is around $77,000.
- In a highly bullish scenario, the price could target the $100,000 mark, as indicated by the green projection on the chart, by end of September as previously suggested.
6. Potential Bearish Scenario (Unlikely, but nothing is off the table):
- If Bitcoin fails to break out and falls below the $62,500 support level, it could retest lower Fibonacci levels. The first significant support in this scenario would be around $49,919 (0.786 Fibonacci level).
Summary
- Bullish Scenario: Breakout above $69,000 with targets at $77,000 and potentially $100,000.
- Bearish Scenario: Failure to break out and a drop below $62,500 with possible retests of $49,919 and lower Fibonacci levels.
Recommendations:
- For Bulls: Watch for a confirmed breakout above $69,000 before entering long positions.
- For Bears: Monitor the $62,500 support level closely for potential short opportunities if the price breaks down.
Not financial advice, just what we see playing out on the charts.
BITCOIN - TRUMP ENDORSES BITCOIN AS US CRITICAL RESERVE - CM101BITCOIN / USD TA
To provide a technical analysis of Bitcoin based on the chart, let's focus on key elements such as trend lines, chart patterns, and Fibonacci retracement levels:
1. Fibonacci Retracement Levels:
- The Fibonacci retracement levels marked on the chart indicate significant price levels where Bitcoin may find support or resistance. We do not believe that we will see such levels any time soon though... These levels are:
- 0.236 at approximately $21,849
- 0.382 at approximately $27,207
- 0.5 at approximately $32,484
- 0.618 at approximately $38,784
- 0.786 at approximately $49,919
2. Chart Patterns:
- The chart shows a descending channel where Bitcoin has been consolidating.
- The breakout from this descending channel is crucial. The chart indicates a potential breakout to the upside.
3. Support and Resistance Levels:
- The immediate resistance level is around $68,846 (the previous high).
- There is support at approximately $62,500, which is indicated by the red line and the lower boundary of the descending channel.
- Further support levels are aligned with the Fibonacci retracement levels mentioned above.
4. Trend Analysis:
- The overall trend appears to be bullish as Bitcoin has been making higher highs and higher lows since the bottom in early 2023.
- The breakout from the descending channel could signal a continuation of this bullish trend.
5. Price Projections:
- If Bitcoin breaks above the $69,000 resistance level and sustains the momentum, the next major psychological level is around $77,000.
- In a highly bullish scenario, the price could target the $100,000 mark, as indicated by the green projection on the chart, by end of September as previously suggested.
6. Potential Bearish Scenario (Unlikely, but nothing is off the table):
- If Bitcoin fails to break out and falls below the $62,500 support level, it could retest lower Fibonacci levels. The first significant support in this scenario would be around $49,919 (0.786 Fibonacci level).
Summary
- Bullish Scenario: Breakout above $69,000 with targets at $77,000 and potentially $100,000.
- Bearish Scenario: Failure to break out and a drop below $62,500 with possible retests of $49,919 and lower Fibonacci levels.
Recommendations:
- For Bulls: Watch for a confirmed breakout above $69,000 before entering long positions.
- For Bears: Monitor the $62,500 support level closely for potential short opportunities if the price breaks down.
Not financial advice, just what we see playing out on the charts.
ORAIUSDT's Promising Ascent: A Deep Dive into Its Recent
The recent price surge of ORAIUSDT to 7.670 has captured the attention of investors and analysts alike, marking a significant milestone in its market journey. This upward trend can be attributed to a combination of technical indicators and broader market dynamics. The Relative Strength Index (RSI), a popular momentum indicator, has shown a bullish divergence, suggesting that the buying interest is overpowering selling pressures. Moreover, the Moving Average Convergence Divergence (MACD) indicator has crossed above the signal line, which is often interpreted as a bullish signal that indicates potential for further gains.
Additionally, ORAIUSDT's trading volume has witnessed a substantial increase, pointing towards heightened investor interest and market participation. This surge in volume often precedes or accompanies price increases, reinforcing the notion of a sustained rally. The broader market sentiment around altcoins has also been favorable, driven by growing optimism in the cryptocurrency space and renewed interest in decentralized finance (DeFi) projects.
Fundamentally, recent developments within the ORAI ecosystem, such as strategic partnerships and technological advancements, have strengthened investor confidence. The project's focus on innovation and scalability could be a driving factor behind the price increase. Moreover, positive news coverage and social media buzz have further fueled the upward momentum, drawing in retail and institutional investors alike.
While the current price level of 7.670 is impressive, traders are keeping a close watch on key resistance levels, anticipating potential consolidation or continuation patterns. The recent bullish run of ORAIUSDT serves as a testament to the dynamic and rapidly evolving nature of the cryptocurrency market, offering both opportunities and challenges for market participants. As ORAIUSDT continues to navigate this bullish phase, investors remain cautiously optimistic, looking for signs of sustained growth and long-term value creation.
BTC/USDT Outlook ICT ConceptsBitcoin (BTC/USDT) Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on BTC/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
In the previous analysis, we anticipated the price to expand higher after sweeping the liquidity of the previous month's low and the sell-side liquidity below that level. This bullish outlook has continued to hold up until now.
📍 Current Market Overview:
The current price is around 68,184.01. The previous week's high has already been taken, and the price is close to sweeping the buy-side liquidity (BSL) at higher levels.
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWH: Previous Week High
• PWL: Previous Week Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• SMT: Smart Money Technique
• Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe
📊 Key Considerations:
• Current Price Position: The price is trading around 68,184.01, close to sweeping the buy-side liquidity.
• Key Levels Swept: The price has taken out the previous week's high and is near the BSL.
• Potential Retracement: After sweeping the BSL, a retracement back into the previous week's low or the FVG above it is anticipated.
• SMT with ETHUSDT: The Smart Money Technique (SMT) with ETHUSDT indicates a bullish outlook, suggesting that the lows below the SMT may act as protected levels.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Retracement to Key Levels: After sweeping the buy-side liquidity, the price retraces back into the previous week's low or the FVG above it.
• Protected Lows: The SMT with ETHUSDT suggests that the lows below the SMT may act as protected levels, supporting a bullish continuation.
📉 Bearish Scenario:
A bearish scenario is likely if the following conditions are met:
• Sweep of BSL: The price sweeps the buy-side liquidity, indicating a potential reversal and bearish movement.
• Failure to Hold Above Key Levels: If the price fails to hold above the key levels and starts to decline, further bearish movement is likely.
📊 Chart Analysis Summary:
• Bullish Expectation: The expectation is for the price to potentially sweep the BSL, retrace back into the previous week's low or the FVG above it, and then continue higher. The SMT with ETHUSDT supports a bullish outlook.
• Bearish Expectation: If the price sweeps the BSL, it could signal a bearish scenario. If the price fails to hold above the key levels and breaks below the recent lows, further bearish movement is anticipated.
🧠 SMT Explanation
Smart Money Technique (SMT):
SMT divergence occurs when two correlated assets, such as BTCUSDT and ETHUSDT, exhibit different price behaviors at their respective lows. In this case, ETHUSDT created a lower low, while BTCUSDT made a higher low. This SMT divergence indicates a bullish scenario for BTCUSDT, suggesting that the lows below the SMT may act as protected levels.
🙏 Thank you for joining us!
Exploring BTC/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Bitcoin rangingThe final sell-off of the German government's BTC reserves has calmed down to the point of the big bad olf being gone. Mt Gox is still in the back of everyone's mind which is why the fear greed index still sits below 45 but I truly belive that we have bottomed already and BTC is preparing for a massive explosion in Q4 of this year.
BITCOIN ( TRADING INSIDE DESCENDING CHANNEL ) (4H)BINANCE:BTCUSDT.P
HELLO TRADERS
Tendency , the price inside two turning level at 65,475 & 63,714 .
TURNING LEVEL (1) : the price of this level at 65,475 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 63,714 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 68,149 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 71,671 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) .
SUPPORT LEVEL (1) : this level around 60,758 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 56,890 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 63,994 , have two scenario , first corrective 65,475 , before dropping to touch a 63,714 , then 60,758, second corrective 63,714 to reach a 65,475 , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 68,149, 71,671.
SUPPORT LEVEL : 60,758 , 56,890 .
BTC if can break up higher ,e.g. 60k..pullback will be longTradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
If 60k can be cleared, the subsequent pullback will be looking for long.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
Bitcoin Outlook ICT Concepts💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on BTC/USDT , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🔍 Identifying Key Levels
The chart highlights several significant levels and zones that influence the current market behavior:
• PMH & PML: Previous Month High and Low, serving as significant resistance and support levels.
• Weekly FVG: Weekly Fair Value Gap, indicating areas of market imbalance.
• Minor BSL & SSL: Minor Buy-side and Sell-side Liquidity, points where traders place their buy and sell orders.
• IFVG: Inversion Fair Value Gap, indicating a shift in market sentiment.
📊 Key Considerations
• PML and SSL Swept: The price ran through the previous month low and the sell-side liquidity, as anticipated from the previous analysis.
• Respecting Weekly FVG: The price respected the weekly Fair Value Gap at the bottom of the chart, indicating strong support.
• Creation of IFVG: The creation of the Inversion Fair Value Gap (IFVG) signifies a potential shift in market sentiment.
• Consolidation and Liquidity Creation: The current market is consolidating and creating liquidity, setting up potential future moves.
📈 Bullish Scenario
Given the recent price action and key considerations, the bullish scenario is favored:
• Consolidation Phase: The price is currently in a consolidation phase, creating liquidity in the market.
• Targeting Minor Liquidity Levels: The price is expected to reach any of the minor buy-side or sell-side liquidity levels.
• Positioning Based on Minor Liquidity Levels: After reaching the minor liquidity levels, traders can look for potential positions based on the market's reaction.
📈 Lower Time Frame Confirmation for Bullish Scenario:
• Create Low Resistance Liquidity: On a lower time frame (e.g., 1-hour or 15-minute chart), look for the creation of low resistance liquidity (LRL). This typically appears as small retracements or consolidations within the larger bullish move.
• Identify Key Entry Points: Use these LRL zones as potential entry points for long positions, targeting higher time frame resistance levels.
📉 Bearish Scenario
While the current sentiment appears bullish, a bearish scenario should also be considered:
• Failure to Hold Weekly FVG: If the price fails to hold above the weekly Fair Value Gap, it may revisit lower support levels.
• Break of Minor SSL: A break below the minor sell-side liquidity levels could signal further downside movement.
📉 Lower Time Frame Confirmation for Bearish Scenario:
• Create Low Resistance Liquidity: On a lower time frame, look for the creation of low resistance liquidity zones. These appear as small rallies or consolidations within the larger bearish move.
• Identify Key Entry Points: Use these LRL zones as potential entry points for short positions, targeting lower time frame support levels.
📊 Chart Analysis Summary
The market respected the weekly Fair Value Gap at the bottom of the chart, creating an Inversion Fair Value Gap ( IFVG ) and leading to an expansion higher, as anticipated. Currently, the price is in a consolidation phase , creating liquidity in the market. The expectation is for the price to reach any of the minor liquidity levels, after which traders can look for potential positions based on the market's reaction. The key levels and zones identified in the chart will play a crucial role in determining the future price direction. Understanding these key levels and the current market behavior helps in making informed trading decisions.
🙏 Thank you for joining us!
Exploring BTC/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
BTC Fishing Bottom- After all this FUDS over time, right now it's literally impossible to calculate a potential real bottom.
- Basically you can do TA all day but if Bad News (Fed) and FUDS (Cryptos) are constantly incoming on Twitter and Google everyday, nothing will work.
- Some news are real like FTX Rekt but some influencers use more fake news to create panic, they want buy BTC cheaper before the next bull run. it parts of the game.
- Have to remember for the numbers : Luna crash caused 40-50B$ hole in market (Anchor Protocol was huge), FTX was around 10B$.
- imho the real bottom was in at 17.5K$. Right now BTC made a bounce around 15.5k$ but one think that i know is : There's absolutely nothing in this area. No support. No consolidation in the past years. Nothing. Zero!
- There's not many roads right now, or we bounce with a magical pump to fake everyone, or we dip to 13.5k - 10.5k.
- if a mid season bull run starts, wait for BTC walk away from the bearish trendline. Wait for a breakout (21,5k$) and a strong weekly candle closing upper from that price.
- i really recommend you to stay outside markets for now.
- The best strategy right now is to DCA Buy with strict prices zones orders.
---------------------------------------------
Resuming
---------------------------------------------
Bear Mode
---------------------------------------------
Buy zone 1 : 13500$ (25% of capital)
Buy zone 2 : 10500$ (75% of capital)
---------------------------------------------
Bull Mode
----------------------------------------------
Buy Breakout : 21500$+
----------------------------------------------
TP : 47000$ ( don't try greed more )
---------------------------------------------
We learn from failure, not from success
Happy Tr4Ding !
Bitcoin Simple Strategy- The strategy is simple :
---------------------------------------------
- Buy when TOP.
- Sell when BOTTOM. 😂
---------------------------------------------
- Hope u got the Joke.
---------------------------------------------
- Everything is in graph.
- No matter how dip TheKing will go, don't be greedy.
- When they speak Bitcoin is Dead. the bottom is near.
- Focus on the long term.
- Fortune favors the Bold!
Happy Tr4Ding!
BITCOIN ( UNDER UPWARD PRESSURE ) ( 4H )BITCOIN
HELLO TRADERS
Tendency after the price stabilizing support trendline , indicates the price is under bullish pressure
TURNING LEVEL : there is a orange line around 57,401, indicates if the price trade above this level reach a resistance level , but if the breaking turning level reach a support level
RESISTANCE LEVEL: there is a green line around 59,669 , indicates selling have already increase this level , when you reach this level buyer have more supply for bitcoin
SUPPORT LEVEL : there is a red line around 54,326 , indicates buying have already increase this level , when you reach this level selling have more demand for bitcoin
PRICE MOVEMNET : the price stabilizing above turning level around 57,401 , in my opinion until the price trade above turning level ,indicates buying have more supply for bitcoin, so reach a resistance level at 59,669, then breaking this level reach a next target at 63,083, if the price breaking turning level , indicates selling have more demand for bitcoin, so reach 54,326 ,stabilizing below this level reach a 51,902
TARGET LEVEL :
RESISTANCE LEVEL : 59,669 , 63,083
SUPPORT LEVEL : 54,326 , 51,902
BTCUSD Daily OutlookBTCUSD traded in a narrow range between $53550 and $58200 for the past week. It hit a high of $58200 yesterday.
According to Farside investors, spot BTC ETF inflows of $143 million on Jul 6th, 2024. Markets eye US Fed chairman Powell's speech today and CPI data this week for further direction.
US markets -
NASDAQ (negative correlation with BTC) - Bearish (neutral for BTC). The NASDAQ hits a fresh all-time high on rate cut hopes. Any close above 20500 will take the index to 21000.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 66.50% from 57.90% a week ago.
Technicals-
BTCUSD trades above the short-term moving average (21 and 55 EMA) and the long-term moving average (200 EMA) in the 4-hour chart.
Minor support- $53000. Any break below will take it to the next level at $51825/$50000/$47000.
Bull case-
Primary supply zone -$57000. Any break above confirms a bullish continuation. A jump to $60000/$63500/$65000/$70000 is possible.
Secondary barrier- $70000. A close above that barrier targets $75000/$80000.
It is good to buy on dips around $55000 with SL around $50000 for TP of $75000.
Bitcoin ALL-TIME-HIGH is STILL COMING: Here's WhyA hint... the RSI.
The RSI is one of those reliable old-timers, especially useful in higher timeframes to determine longer period price action, such as near term and long term.
Together with Elliot Wave Theory, I'm going to present to you an argument for why Bitcoin is STILL BULLISH and what my strategy/expectation is for the coming weeks. I'll also share key metrics to watch and do regular updates should the conditions mentioned in the video be met.
Although I am short term bearish, I remain longer term bullish, making it really impossible to label this post as solely "short" or "long".
Cheers to the Top10%'ers 🥂
__________________________
BINANCE:BTCUSDT
How Much further do we go?bitcoin on the weekly, analyzed previous price action and previous "death crosses "and noticed at each point of cross bitcoin continued to slide in price anywhere from 40-60%. This has me looking at bitcoin with a hard eye. It's very possible we see 43k, which gives me a bit more confluence , with the RSX telling us that a reverse isn't in just yet.