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Bitcoinusdt

SasanSeifi| Can We Expect Short-Term Corrections?Hey there, ✌ In the short-term timeframe, we've observed that Bitcoin has surged from the $60,000 range to a high of $69,000. However, following this peak, the price has shown a negative reaction, undergoing a minor correction down to the $67,000 levels after a brief period of fluctuations. Currently, the price has remained in a range after encountering the Exponential Moving Average (EMA) at the $67,000 mark. The significant resistance level ahead in the 4-hour timeframe lies between $67,750 and $68,500. Analysing the chart in the lower timeframes, it appears that the price may be inclined to experience further corrections. If a candle closes below the $66,950 to $66,850 levels, we might witness a price correction down to the demand levels at $65,500, and potentially further to $64,250 to $63,000. Understanding how the price reacts to these levels will be crucial for assessing the ongoing trend. Additionally, if the price faces increased demand and breaks above the established resistance levels, the corrective scenario could be reconsidered. The potential trend is clearly outlined in the chart above. 💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
Short
by SasanSeifi
Bitcoin BTC price movement by the end of October The CRYPTOCAP:BTC price is at the final stage of a six-month correctional consolidation. In the next few days, the correction of the OKX:BTCUSDT price to $61000 may become the lowest point where most shorts will need to be closed, as well as the point for a set of longs, as they say “to a full cutlet” And if everything goes well, then by the end of October, there is a good chance to see the price of #Bitcoin at $68300-69700 And what about altcoins, you ask? They should also be fine, at least BTC.D and USDT.D hint at this. Write in the comments an altcoin that interests you, and we will analyze it and publish it here _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
22
BTC: Two Likely Scenarios I'm WatchingBitcoin hasn't yet been able to break out above the diagonal resistance that formed after the most recent high. Until we're able to do a bump-and-run ABOVE this trendline, lower lows seem the most likely until we've found a zone with sufficient buying pressure to take us back upwards. Lower lows and lower highs mean short term bearish, unfortunately. I discuss the reasoning for these two scenarios in a little more detail, here: However, this doesn't imply that there won't be decent range trades / swing trades in this area - in fact, there's been incredible opportunities whilst Bitcoin chops around. Follow here to make sure you never miss a moment! ___________________ BINANCE:BTCUSDT
by CryptoCheck-
Bitcoin BTC price sets the mood of the crypto marketThe Oc Uptober fest did not go well on the crypto market - sadness, pain, and the red color reigned supreme. But is it really that bad, let's find out. OKX:BTCUSDT price has dropped to $60k and the middle of the channel, where the price has been consolidating for more than 7 months. And although we have set $57k per CRYPTOCAP:BTC as a critical level for ourselves, but maybe we don't need to go there anymore ?) It's better to use 1-2 large green daily candles up to GETTEX:64K per #Bitcoin. Unfortunately, we don't control the market) 🟢 BTC.D - 58.17% 🟢 USDT.D - 5.82%. Both indices are slowing down their growth and trying to turn down, which may be a fresh breath of air for altcoins, but it will probably not be enough for everyone) 🔴 The Fear and Greed Index is 37 (a couple of days ago it was 61), there is already fear, but not yet critical, which is where global reversals usually come from. 🍿 We are waiting for Chinese liquidity to enter the cryptocurrency market, just a little more patience. By the way, LSE:CFX with “Chinese roots” has held up quite well in recent days, it is worth keeping an eye on. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
BTC at Critical Support: Strategy for the Breakout or Further DeBTC is currently holding strong around the $60K support level, but the overall trend is still showing a downtrend on the hourly chart, with the price trading below the EMA21, EMA50, and EMA200. The market is at a crucial point, and patience is key to avoiding unnecessary risks. Here's my detailed strategy for short-term trading in this scenario: 1. If the trend breaks out: - I'll wait for confirmation of a breakout above the current trendline. After the breakout, I will enter a buy position on the pullback, targeting an entry around $60,900 and a stop-loss set just below $59,900 to manage my risk. - My take-profit target 1 is $63,100, and my take-profit target 2 is $66,000, where I expect potential resistance. This setup ensures I'm following the trend with minimal risk. 2. If the downtrend continues: I'll hold off on any immediate trades and wait for the price to reach the next support zone around $58K-$57K, as highlighted on the daily chart. - I will only consider entering a position if the price manages to go above the EMA21 and EMA50, signalling potential bullish momentum and a possible trend reversal. If the price breaks below $57K, I’ll reassess the situation, as further downside to GETTEX:52K -$50K could be possible. Advice: It’s important to remember that no trade is guaranteed, and risk is always involved. My approach is to wait for clear signals before entering any position, ensuring the risk is managed correctly. I’ll also closely watch for volume spikes and any potential news influencing market movement. Finally, with the market being highly volatile, this is *not financial advice*. I always recommend doing your own research and making sure you're comfortable with the risk involved before making any trade decisions. Stay patient, stay disciplined, and remember that sometimes the best trade is the one you don’t take! #Bitcoin #BTC #CryptoTrading #TradingStrategy #TechnicalAnalysis #CryptoCommunity #RiskManagement #NotFinancialAdvice
BITSTAMP:BTCUSD
by Malaysiancryptocommunity
3
BTC - Daily, a Pullback before the bullish rallyI’m bullish on BINANCE:BTCUSDT for the higher timeframes and expect a new all-time high (ATH) by late 2024 or early 2025. However, in the short term, my strategy signals a potential pullback. I’ll take a short at the $66K zone and look to add to my crypto assets if the price drops to the $60K zone again, just like in my previous trades. This could be a great scalp opportunity while still preparing for the longer-term rally.
Short
by Sober_Trading
1
Technical Analysis for Bitcoin (BTC/USDT) + trade planTechnical Analysis for Bitcoin (BTC/USDT) by Blaž Fabjan Descending Trading Channel: Bitcoin appears to be moving within a descending trading channel, with the price gradually testing the lower bounds and trying to break out from this downtrend. The key resistance for a breakout from this descending channel is around the 64,000 USDT level, while the support is close to the 62,500 USDT level. A breakout above the upper channel line would indicate a potential bullish reversal and continuation to the upside. Resistance and Support Levels: Resistance: The primary resistance zone is around 64,333 USDT (marked on the chart). A breakout above this level may result in the next target being around 66,966 USDT. Support: The nearest support level is 62,566 USDT. A breakdown below this could push the price towards the lower support area around 59,544.5 USDT. Momentum Indicators: VMC Cipher B Divergences: This indicator is currently showing some positive momentum with green dots indicating potential bullish divergence, suggesting that the price may increase soon. RSI (14, close): The RSI is hovering around 50, indicating neutral momentum. A break above 50 could indicate a bullish trend, while a drop below could signal a bearish continuation. Stochastic Oscillator: The Stoch (14, 1, 3) shows an overbought condition at 82.78, which may suggest a short-term pullback or consolidation. However, if the upward trend continues, this can be ignored in favor of further bullish momentum. HMA+ Histogram: The HMA+ (Hull Moving Average) is slightly bullish with a reading of 33.0, indicating that the short-term trend may be shifting toward the upside. Volume: The chart shows moderate volume. Higher volume accompanying a breakout above the resistance level will be crucial to confirm the move. Trading Plan: Bullish Scenario: Entry: Consider entering a long position if Bitcoin breaks above 64,333 USDT with confirmed volume. Target 1: The first target would be around 65,000 USDT. Target 2: If momentum persists, the second target could be 66,966 USDT. Stop Loss: Place a stop loss below the support at 62,500 USDT to manage risk. Bearish Scenario: Entry: If Bitcoin breaks below 62,566 USDT, consider entering a short position. Target 1: The first target would be around 61,000 USDT. Target 2: A further decline could push the price toward 59,544.5 USDT. Stop Loss: Place a stop loss above the 64,333 USDT level to minimize potential losses. Summary: Bitcoin is currently at a pivotal point within a descending channel. If the price breaks above the key resistance at 64,333 USDT, there is potential for a bullish breakout targeting 66,966 USDT. However, if Bitcoin breaks down from the 62,566 USDT support, the bearish scenario could unfold, leading to a possible drop toward the 59,500 USDT zone. Monitoring volume and key indicators like RSI, Stochastic, and HMA+ will be important for confirming the direction.
Long
by elfabiiani
Bitcoin - MORE INCREASE? Have to see THIS FIRSTBitcoin has been giving us some positive vibes as buying pressure shows up on lower timeframes. We've even managed to keep the price above $60k - an excellent sign of strength. However, before considering more upside there really is just ONE thing we need to see - higher lows. For as long as we are unable to breakout ABOVE the diagonal resistance zone, we'll just be stair stepping down into a slowburn, slow decline until point 4 is established and we're ready to complete the final impulse wave up (4-5). Making higher lows would result in prices back towards the upper 60's, with a successful retest of the neckline support. EXTRA FOR EXPERTS - Here's how to use the Bitcoin Dominance chart together with the Altcoin market chart to gauge the next direction of BTC: ______________________ BINANCE:BTCUSDT
by CryptoCheck-
3
BITCOIN: Q1 2025 – The Rise Awaits!Something to keep in mind: MARKETSCOM:BITCOIN takes an average of 36 weeks to break above previous all-time highs (ATHs) after halving years. Considering this, the next potential breakout could be around January 2025. There’s still a long way to go before any significant movement, according to this metric, which aligns with historical trends. I believe people are overly anxious since we've been trading near ATH levels. We can also use this to identify previous tops and bottoms. Currently, the market remains bullish, and if it triggers the next leg up, the next #Bitcoin top is projected for September 2025. That’s just a year away! With historical data, we can attempt to time price movements. History doesn't repeat itself, but it often rhymes... Will this time truly be different?
INDEX:BTCUSDLong
by ZelfTrade
SasanSeifi| BITCOIN: Will a Pullback Lead to Lower Levels?Hey there, ✌ Bitcoin is currently trading around the $58,500 range. Given the lack of stabilization above the $60,000 level, we could be facing a bearish trend. Additionally, with the recent break below the $59,300 mark, the short-term outlook on the 1-hour chart appears bearish. We expect that after completing a pullback, the price may move towards the corrective targets of $57,500, $57,000, $56,700, and $56,000. ❌ Key resistance levels to watch are around $59,000 and $59,700. 💢 Keep in mind that this is just my personal perspective and not financial advice. I’d love to hear your thoughts and exchange ideas! Good luck and happy trading! ✌😎 Feel free to reach out if you have any questions – I’m here to help!✌
Short
by SasanSeifi
BTC (Bitcoin): Resistance BreakoutTrade setup : Price broke back above $60K horizontal resistance and above 200-day moving average (~$63K) to signal resumption of uptrend, with upside potential to $72K. Stop Loss at $59K. Momentum (MACD) is bullish but not overbought yet (RSI < 70), suggesting that there's still gas left in the tank near term. Pattern : Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7. Trend : Short-term trend is Strong Up, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $56.50, then $50.00.
Long
by altFINS