BITCOIN RESISTANCE AHEAD|SHORT|
✅BITCOIN broke the falling
Resistance line just as I predicted
And we are bullish biased mid-term
However, the coin is locally overbought
So after it hits the horizontal resistance
Of 74k$ we will be expecting a local
Bearish correction
SHORT🔥
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Btc!
MYRO Long Spot Trade (Structure Shift & Support Flip)Market Context: MYRO has reclaimed the $0.10 level, flipping former resistance into support and signaling a structure shift to the upside. This provides a solid entry zone with a favorable risk-to-reward ratio as the setup targets mid-range and higher levels.
Trade Setup:
Entry: Around $0.11
Take Profit:
First target: $0.16
Second target: $0.22
Third target: $0.26
Stop Loss: Daily close below $0.09
This setup capitalizes on the structure shift with targets aligning with key levels. #MYRO #Crypto #Trading #SupportFlip
Bitcoin is almost there!CRYPTOCAP:BTC is at a VERY IMPORTANT level. This area has been an issue for the last few YEARS.
One thing to notice is that #BTC volume is WEAK, look at yellow box. Do you notice that volume is UNDER the white line? That line is an average. This means that the recent volume is below average for 90 days = LIGHT. This could be because sell volume has been light. Now we need to consider, what will cause BUY VOLUME to come in & propel higher?
#Bitcoin is almost there, good signs showing. Incoming volume to break out would be a huge plus!!!
ETF's are great, we like AMEX:BITX for leveraged exposure and trading, but keep in mind; NOT IN YOUR WALLET, NOT YOURS!
USDT vs USDC The Last Rush- Everything is in the chart.
- So my own deduction ( and only my own ) is : " Actually BTC not dipped so much "
- They pushed it hard, many peoples turned their BTC and Altcoins to USDT/USDC for safety.
- BTC is still not yet considered as a reserve like Gold in case of crises, peoples still scare and back really fast to the old paper money system when panic is around.
- i will link following this post a PAXG/BTC Chart to show what happened when BTC dipped.
- just look at indicators and you will clearly understand how much stables coins pushed high and Mooned/Marsed in the red " Overbought " Zone.
- Results : TheKing is still around 20k.
- that said, we can notice that USDC is gaining much more interests than USDT, just because USDC (Circle) is backed by cash and short-term U.S. government bonds as collateral.
- after the "LUNA-UST" Crash peoples started to fear and they are right, so they turned their Stables to USDC.
- in near future, USDC will gains more dominance on USDT and the next Dip could results in an Equal Dominance ( 3.80% - 3.20% )
i hope this post help to understand the situation, be H4ppy and St4y S4fe !
Happy Tr4Ding !
Tether The Trumpet- On this Chart i use zero indicator and just the trend.
- Some basic supports and resistances.
- What we can see and deduct ?
- Tether jumped from 0.01% to 1% dominance from 2015 to 2018.
- from 2019 to 2023 USDT.Dom growed from 1% to 10%.
- now the trend is still evolving in a steady broadening trumpet formation.
- Do you really believe Tether would reach 35% Dominance in Crypto Markets ?
- it would mean that 35% of peoples would prefer to stay in Stables Fiat and win nothing.
- Just using logic and combine FA + TA :
- This uper trend will be broken down soon or later.
- i just do believe that Tether have to crash at one point ( no matter the reason ).
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- So now a quick comprehensive explanation about Tether.Dom and how it works :
1 - When BTC down = Peoples swap their BTC to USDT (panic)
- USDT.Dom up !
- Tether stop the printing Machine and wait.
2. - When BTC up = Peoples swap their USDT to buy BTC (fomo)
- USDT.Dom Down !
- Tether have to restart the printing machine and issue more USDT to cover BTC demands.
- Yes it's simple as that..
- Tether is not really different than the FED.
- they just print more USDT from thin air when peoples want buy more BTC.
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- Remember that without BTC, Tether would worth 0$ and disappear.
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St4y Safe
Happy Tr4Ding !
Tether Dom- i will try to make it short.
- Like always everything is understandable in graph.
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TA :
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- Tether made a triple new ATH around 9% dominance on Crypto Markets.
- Got rejected 3X times.
- Right now it's the 4th attempt for USDT trying to break 9%.
- i kept BB in graph to show that USDT flirts again with the higher bollinger band.
- Right now the most important is to watch out for Divergences.
- Divergence or Hiden-Div will come soon or later.
- i expect Tether to back around 5% Dom around 2024 when the bullmarket will back.
- Do you remember last year when USDT and USDT were racing together ?
- USDC ( Circle ) Failed with the fall of Silicon Valley Bank.
- Now USDC is a back to 2.60% Dom.
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FA :
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- Remember USDT still have a big lack of transparency.
- if u check the news, you will notice that Tether invested heavily in Bitcoin Mining.
- They did this move to use this diversification as a parachute in case of troubles.
- if Tether fails for any reason it could quickly dip to 3.7% Dom.
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Last Point : CDBC are coming and central banks will try kickout Tether from this game.
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Conclusion : Stay Safe and Buy Bitcoin !
Happy Tr4Ding !
Bitcoin can rebound up from triangle to 68400 resistance levelHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time traded near the support level, which coincided with the buyer zone and then broke it, after which it rose to 68K points. After this movement, the price made a downward impulse to support line and then grew. In a short time later it rose to a resistance level, but then corrected almost a support line, after which turned around and continued to grow. Later BTC reached the 68400 level, broke it and even rose higher than the seller zone, but soon fell below. Price some time traded near this level and then rose higher than the seller zone again, after which turned around and started to decline inside the triangle. In this pattern, BTC broke the support level with the resistance level and fell until to the buyer zone and even lower, to the support line of the triangle. After this, the price made impulse up to the 68400 level and then rebounded down to the support line. A not long time ago, BTC bounced from this line and started to grow. So, in my opinion, the price can make a move down, below the support line of the triangle, and then rebound up to the 68400 resistance level, which coincides with my TP. Please share this idea with your friends and click Boost 🚀
BTC - Still Bullish...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per my last analysis, attached on the chart, BTC rejected the red structure and traded higher creating a new short-term structure marked in orange.
📈As long as the structure marked in orange holds, BTC will remain bullish, and a movement towards the upper bound of the blue channel and all-time high at $74,000 is expected.
📉 If the orange zone is broken to the downside, a bearish correction toward the $65,000 round number would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin / TetherUSHello community,
Small daily chart on BTC.
I have displayed the accumulation zones.
The historical high is at $73,777, I think we will go for it.
The 200-period simple average is flat.
Not being a crypto specialist, my analyte may be wrong.
Make your opinion, before placing an order.
► Thank you for boosting, commenting, subscribing!
BTCUSDT.P
I'm trying to short the king of crypto, BTC. This is more of a degen trade, so proceed with caution! Momentum and RSI are losing ground, which could be bearish. Keep in mind that both are momentum oscillators, so they behave similarly.
Keep that SL tight and stay safe. This is not financial advice in any form.
Stay safe!
Don't you want to know?BINANCE:BTCUSDT
As Bitcoin approaches $73,000, we find ourselves at a crossroads. Will Bitcoin break through the megaphone and go above $73,000 or set a new all-time high? Alternatively, will it be rejected by this strong resistance of $73,000 and fluctuate within the megaphone again? In my opinion, the price will rise to around $73,500. Based on my experience, Bitcoin could experience a sudden drop around this price level ($73,500 or higher) to liquidate long positions before breaking the megaphone and reaching higher prices. It is also worth mentioning that with the approaching U.S. elections and tensions in the Middle East, the market can be very volatile, so consider risk management.
Previous analysis!!
Long term preview!!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Oct.22-Oct.28(BTC)Weekly market recapThe recent initiation of a new round of interest rate cuts by major Western central banks, coupled with China's extensive monetary and fiscal stimulus, may serve as key catalysts for the recent surge in Bitcoin (BTC) prices.
Additionally, the continued significant net inflow into BTC exchange-traded products (ETPs) indicates a persistent influx of traditional capital into the cryptocurrency market, reflecting confidence and optimism among investors.
As the U.S. elections approach, the high-profile campaign of Republican candidate Donald Trump, who is supportive of cryptocurrencies, has bolstered market confidence in his potential victory, with the probability of his success soaring to 66.3%. This factor may also play a role, although caution is warranted regarding the risk of a market correction following the election.
Last week, BTC fluctuated near resistance levels and broke through to $71,000 during the early and late hours in the U.S. market yesterday. The WTA indicator shows the emergence of blue bars representing whale activity, suggesting that macroeconomic shifts are beginning to attract substantial capital. The purple wave area on the ME indicator is widening, indicating a strengthening bullish sentiment.
In summary, we believe BTC may continue to rise this week. We have adjusted the resistance level to $72,000 and the support level to $65,000.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
FET LOOKING NEW HIGHS - FET LONG OPPURTUNITY FET is the leading AI coin in the altcoin market, with strong fundamental momentum. This momentum could increase as AI stocks (like NVIDIA, AVGO, etc.) start reaching new highs.
Technical Analysis: The price is coming from the monthly demand zone, where it faced strong rejection and created a bullish weekly structure. The weekly demand also supported recent bullish momentum.
Currently, we are inside the daily demand zone and below the equilibrium of the weekly swing, indicating that the price is at a discount. I’ll be targeting the purple line once we break and close above the green trendline, which has been holding the lower time-frame bearish structure over the past few days.
BTC moved accordinally to hit target at $71580Hello traders,
According to what i said yesterday, BTC brike a very strong resistance level which was a weekly level at 69566 and and made pullback then moved directly to hit target. With this bullish momentum being held, Bitcoin may skyrocket and reach the $100000 level by the end of the year.
Bitcoin About To Go ParabolicMartyBoots here , I have been trading for 17 years and sharing my thoughts on the crypto market.
This videos shows how Bitcoin can go parabolic and we need to watch very carefully over the next week or 2 .
For more information or any questions just send me a message
MartyBoots
Bearish Signals Ahead:Pattern Could Trigger a Downtrendhello guys.
let's analyze btc!
Pattern Formation: The chart shows a classic "Head and Shoulders" pattern, a bearish reversal indicator. The pattern consists of a left shoulder, head, and right shoulder.
Resistance Level: The recent price action reached a resistance zone, forming a double top near 69,000. This is a key level where sellers have shown strength.
Blue Zone (Engulfing Condition): If price can break and close above this blue highlighted area, it could indicate a possible bullish recovery.
Potential Downward Movement: If the pattern plays out as expected, and price breaks below the neckline support (around 66,500), it may confirm the downtrend, targeting lower levels.
Key Support Zone: The ultimate support is marked around 64,500, where buyers might look to enter if price declines.
long story short, get a short position and put your stoploss behind the blue area if your stoploss hits then change the strategy to long! until the $69020 area!
short target is $64503
$BTC Update - BULLISH!CRYPTOCAP:BTC #BTC Testing $71,304, Looking bullish on 1D view, Previous weekly closed with a bullish pin bar following bullish engulfing on 1W, weekly view also looks good and ready for upside, support at $70,463 is to be tested yet, $69,296 key support here. $71,981 support required to test $73,344-$73,965. Watch given S/R
BTC Update (4H)This analysis is an update of the analysis you see in the "Related publications" section
Still Valid. It was supported by hitting the green box.
There is another possibility that Bitcoin will move towards the 76K-78K-80K areas without any special correction.
Do not enter a sell/short position without confirmation
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Bitcoin Analysis: Triangle Breakout with Bullish Potentialhello guys.
Pattern Breakout: Bitcoin appears to be breaking out of a triangle formation, a bullish signal that often suggests potential for upward momentum.
Flip Area: The support zone marked as the "flip area" around $67,200 acts as a strong support level.
Potential Scenarios:
Immediate Breakout: If Bitcoin holds above the triangle, it could make a direct move towards the upper target range around $71,000.
Retest and Bounce: There is also a possibility of a slight retracement, potentially down to the $67,200–$68,000 range, before bouncing and resuming the uptrend.
Resistance Target: The primary resistance level to watch is around $71,000, which aligns with a previously established high. Breaking above this could lead to further bullish momentum.
Outlook: The setup looks favorable for a bullish move, especially if Bitcoin maintains momentum above the triangle and key support levels.