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Bitcoin/USDT on 1-hour timeframe Binance. TA+Trade plan by B.F.Descending Channel Pattern: The price is trading within a descending channel. The upper boundary (resistance) and lower boundary (support) are clearly defined. Descending channels typically indicate a bearish trend, but if the price breaks out of the channel, it could signal a trend reversal. Possible Breakout to the Upside: The chart highlights the possibility of a breakout above the descending channel, supported by a bullish blue trendline. The breakout area is noted around the 61,758.48 USDT level. If the price moves past this level, it could lead to further upside momentum. Volume: Volume appears moderate, indicating that the market has yet to show a strong momentum surge. A breakout on higher volume would confirm the upside move. Indicators: VMC Cipher B Divergences: This indicator shows multiple green dots, suggesting bullish divergence and potential reversal. RSI (Relative Strength Index): The RSI is in neutral territory around 58.66, indicating no extreme overbought or oversold conditions. If it crosses above 60, it may confirm the bullish breakout. Stochastic Oscillator: The stochastic shows a bullish signal, with the %K line at 90.29 and the %D line at 88.42. However, it’s approaching overbought territory, suggesting caution as there could be short-term pullbacks. HMA Histogram: Shows a slight downtrend in the short term (negative values). If it turns positive, it could confirm the breakout move. Support and Resistance Levels: Resistance 1: 61,758.48 USDT (upper boundary of the channel and key breakout level). Resistance 2: 64,591.15 USDT (previous high, and next major resistance zone if the breakout happens). Support 1: 60,301.68 USDT (lower boundary of the channel). Support 2: 59,000 USDT (psychological support and lower range of the broader consolidation). Trading Plan: Long Position: Entry: Enter a long position if the price breaks and closes above 61,758.48 USDT with a confirmation candle (preferably on higher volume). Stop Loss: Set a stop loss below the descending channel or at the 60,301.68 USDT support level to limit downside risk. Take Profit: The initial target would be the next resistance at 64,591.15 USDT. Partial profits can be taken here, with further upside potential if momentum remains strong. Short Position (in case of failure to break out): Entry: If the price fails to break above 61,758.48 USDT and falls back into the channel, consider a short position targeting the support at 60,301.68 USDT. Stop Loss: Place a stop loss slightly above 61,758.48 USDT to protect against an unexpected breakout. Take Profit: Target the lower boundary of the channel and potentially below, near 59,000 USDT. Conclusion: The overall structure indicates a potential breakout from a descending channel. A confirmed breakout above 61,758.48 USDT could signal a bullish reversal and upside toward 64,591.15 USDT. However, if the price fails to break out, it may continue to trade within the channel, offering short-term trading opportunities. Monitoring volume and key levels (especially 61,758.48 USDT) will be crucial for confirming the next major move.
Long
by elfabiiani
1
Bitcoin scenarios updateDue to the supply of Bitcoin liquidity in the support area of ​​the previous day and the downward range within which it is located, we are still in the bearish market structure in the 4-hour and 1-hour time frames, and it is possible to enter a sell position with confirmation in the specified areas, and this confirmation can be taken in the time frame of 5 minutes with the formation of QM, but direct entry in this area is risky because we are being rejected from the 4-hour level.
Short
by MrHunterTradeInsight
1
BTC/USDT 50MA CHART ANALIYSIS !The BTC/USDT 1-day chart shows a crucial confluence area, with the 50-day moving average (5OMA) acting as support. Here is a detailed analysis: The resistance area is a strong horizontal resistance area marked in red between $66,000 and $72,000. This area has historically been a supply zone where sellers emerge. Bitcoin is currently holding above the 50-day moving average (red line). This level is important because traders often use it as a key dynamic support or resistance point. The chart has a green arrow pointing to a potential upside move. If Bitcoin can maintain support above the 50-day moving average and break the descending resistance (white trendline), it could challenge the $66,000-$68,000 area. Failing to sustain above the 50-day moving average could push the price towards the lower green trendline, around the $55,000-$58,000 area, which acts as a broad support zone. Bitcoin is in a crucial range, with bullish potential if it breaks above the descending trendline and crosses the $66,000-$72,000 resistance zone. However, a breakdown below the 50-day moving average could trigger further declines. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other altcoin. @Peter_CSAdmin
Long
by CryptoSanders9563
BTC: I think it'll go to 58KIf the break out from this bull flag will happen in this month I expect a retracement to the middle fo the flag (more or less 58K or a bit lower) and then a pump toward the break out. DXY is going up but so BTC.D as you can see here: I always expected BTC dominance to reach 60%, this could in part lead to BTC price going up as I don't think all the money would flow into fiat or stablecoins. However if we remain on BTC chart analysis on 4h there is a bullish DIV on RSI and a hidden bullish DIV on OBV. Moreover with the weekly shaping this way it's really unlikely we'll see a green candle this week, so plenty of time to make a new local low. Take the occasion to buy the alts you think are interesting and with good potential. Good luck.
Short
by Shotokhan
5
Bitcoin Roadmap!!!==>>Short termAfter the tension between Iran and Israel , Bitcoin started to fall and once again fell below 21_SMA(Weekly) and 200_SMA(Daily) . In previous posts , I warned you about the fall of Bitcoin , and I hope it was useful. Bitcoin is currently approaching the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) . According to Elliott's wave theory , Bitcoin is completing wave 4 . The main wave 4 structure is most likely a Zigzag Correction(ABC/5-3-5) . If Bitcoin breaks the support lines , we can confirm the end of wave 4 . I expect Bitcoin to break down to at least the Support zone($60,000-$59,100) in the coming hours. Fundamental analysis : On-chain data shows that the number of active Bitcoin addresses has recently dropped sharply . This decrease started in March 2024 and is the biggest drop since 2021 . This trend could be a bearish sign for Bitcoin . ⚠️Note: If Bitcoin can break the Resistance zone($62,860-$62,110) and go above $63,460, we should wait for Bitcoin to rise again.⚠️ ⚠️ Note: Tensions between Iran and Israel can still have an impact on Bitcoin and other assets. If Israel wants to react to Iran's attacks, we should expect a further drop in Bitcoin, so in these days, more than ever, observe capital management.⚠️ What is your idea about Bitcoin, more dump or, again, pump❗️❓ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
11
BTC BULL to $101k - $125kIf the Bearish chart of Bitcoin won't play out, this is the bullish possibilities. It does look like we will go up. Indicators on Daily timeframe just reset indicating bullishness. Altcoins look very bullish and are ready for another 100% leg up or even bigger run this time. Th only thing that doesn't let me freely believe this bullish chart is that BTC have not crashed yet and usually it does crash before thee big run, but this cycle is already different having new ATH before the halving which did not happen previously.
Long
by Achilly
10/2 Friday will decide your crypto fate.Overview: The AMEX:SPY opened lower than yesterday's close, continuing its bearish trend, but managed to recover and end the day in the green. However, the MACD on both the daily and 4-hour charts shows a bearish divergence, indicating potential weakness ahead. Tesla took a significant hit, dropping by 3.5% and ranking among the day's biggest losers. NASDAQ:QQQ also saw a decline, though less severe, as it isn’t facing the same pressure from all-time highs as other sectors. Tomorrow, the FED will release the latest initial jobless claims data. If claims come in below the expected 220,000, this could indicate an improving labor market, which would make it harder for the FED to aggressively cut interest rates. So, if you want that rate cut, maybe submit that jobless claim! BlackRock ended its 7-day Bitcoin ETF buying streak, selling $13.7 million worth of Bitcoin today. This is roughly half of the largest amount they have sold in one day, which was $38.9 million. BTC TA: W: The situation remains unchanged from yesterday. BINANCE:BTCUSD is still sitting below critical levels that could have shifted the trend to bullish. Geopolitical tensions and a strengthening U.S. job market are likely to keep the weekly candle in the red. D: Wednesday's candle formed a red doji, with both the open and close below the crucial $61.4k weekly level. Early Thursday price action briefly touched this level before pulling back, confirming it as a resistance. The MACD and RSI are still working through the aftermath of the divergence seen during the bull trap, showing no signs of trend reversal. A short-term pullback to the $62.5k-$63k level is possible but more evident on lower timeframes. Neutral. 4h: RSI is in the oversold zone, and the MACD histogram shows the downtrend is losing momentum. It took significantly less volume to push the price lower to $60k, suggesting a potential short-term bullish move toward the BB MA at $62.5k. 1h: London traders triggered a mass sell-off in the last two hours, pushing BTC down 1.46% and rebounding from the $61.4k resistance level. Have you copied these key levels to your chart? The next question: Will $60k hold, or will it break in the next few minutes? Alts Relative to BTC: Major altcoins like SOL, NEAR, and ETH have all broken their lows and are heading toward their early September levels. TAO and FTM, which performed well last week, are not immune, declining by 7%. Only SUI is holding steady for now, but for how long? Bull Case: If Jerome Powell reports on Friday that inflation has cooled, it would confirm a slowing economy and pave the way for further interest rate cuts. This could spark the 6th bull wave, sending crypto prices soaring once again. Bear Case: This week could continue to see prices fall further, potentially marking the end of the 2024 crypto bull run. Fear and Greed Index: The index stands at 36.22, well into the Fear territory. Historically, when the index dips below 40, it's a signal to start buying some blue-chip altcoins, even if you're a day or swing trader. We recommend having a separate account for long-term investments. Remember: Be greedy when others are fearful. Prediction: If we can dodge the bullet of World War III and the market remains unaffected by major macro events, we could see a correction to the $62.5k-$64 k level. Opportunities: Short the last standing king of altcoins - SUI.
COINBASE:BTCUSD
by EvgenCapital
BTC is a victim of liquidity problemsMorning folks, So, we've planned just perfect last time, and BTC actually has dropped but much faster than we thought. It was not even able to form the right arm of H&S pattern and collapsed. But don't search the explanation on cryptomarket. The reasons are more pragmatic - short-term liquidity fall in the US. First is BofA collapse yesterday, then SOFR rate has jumped above RRP. Sea ports are under strike, which also bring a mess in mutual relations of all counterparts. So, current BTC drop is a pure run into liquidity. We do not know when it will be over, hopefully soon. But now we do not consider any longs and prefer follow to the market and see what reaction will be around strong support areas. Next one is 58K
COINBASE:BTCUSD
by Sive-Morten
Next Volatility Period: Around October 5th - 10th Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The BW indicator is currently leveling off near the midpoint (50). Therefore, I think it is not suitable to trade around 60672.0-61099.25. If you want to trade around 60672.0-61099.25 depending on the support, you will need a short and quick response. - When the BW indicator is leveling off at the lowest point (0) or highest point (100), a BW line is created on the price chart. I think you can trade more stably by using this BW line as a support and resistance point. Therefore, you can wait until the next BW line is created or check whether it is supported when touching the previous BW line (61759.99) and then trade. At this time, the StochRSI indicator is also worth looking at. Since the StochRSI indicator creates waves in any case, I think it is an indicator worth referring to when trading. Therefore, - If the StochRSI indicator rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA, it is a time to buy, - If the StochRSI indicator falls in the overbought zone and maintains the state of StochRSI < StochRSI EMA, it is a time to sell. However, you should be aware that since you cannot know the size of the fluctuation range, you may see little profit or even a loss. To prevent this, you need the support and resistance points drawn on the 1M, 1W, and 1D charts. Based on these support and resistance points, you should proceed with the transaction depending on whether the movement mentioned above is supported or not. Then, since you can calculate the approximate fluctuation range, it will be a reference for deciding whether to proceed with the transaction. Accordingly, if you display the rise and fall range based on the 60672.0-61099.25 section, it will be as shown in the chart above. - When a new candle is created, - Whether it will definitely enter the oversold section - Whether there is a change in the slope of the StochRSI indicator - Whether the StochRSI EMA falls below the midpoint (50) You should check whether the above is satisfied and create a response strategy according to the next movement. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the full-scale uptrend will start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BTC/USDT Short term long📈 BTC/USDT Analysis Update The market just touched the bottom, completing wave 5 🔽, but it was very short, almost truncated ✂️. A bullish divergence formed on the 1H chart 🐂📈, and we saw a nice bounce. Currently, the horizontal resistance has been reclaimed, turning it into a support flip 🔄. 💡 Target for this move should be somewhere between the 0.5 - 0.65 Fib levels, which range from 63,300 USD to 64,500 USD. However, the major resistance remains the light blue diagonal trendline ⚠️, along with the yellow resistance line at 61,900 USD. 🚨 Not financial advice!
BITSTAMP:BTCUSDLong
by RhinoAkaBear
BITCOIN The 'March-October' effect kickstarting an insane rally.Back in August we were first to discover and bring to you the 'March - October' effect (see chart below) on Bitcoin (BTCUSD), which is what every one is talking about now as we've started the month of October yesterday and the final quarter (Q4) of the year: As you can see, this is nothing more than a consolidation that the market tends to make within this 6-month range that ends on October, which kick starts an aggressive rally. That was the case in 2020 (would be more flawless if the COVID crash hadn't distorted the chart) and more recently in 2023. Note that historically October shows gains of around +21.00%. What we can additionally keep from this chart is that the 1W MA50 (blue trend-line) held on three 1W candle tests since the August 05 Low and that provides the base for a potential October 2024 - March 2025 rally. March 2025 has high chances of forming the peak of the rally as it historically tends to tops such Bullish Legs and then starts consolidation phases. That was the case on March 2024, March 2023, March 2021 and (as mentioned) if it weren't for the COVID flash crash, would have been most likely the case for March 2020. All in all, even though the first two days haven't been ideal, we expect October to prepare the foundation for an incredible rally, especially on its last 2 weeks, a rally that might very well reach as high as $150000 before it enters a correction again. But what do you think? Will October start such a rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
8