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Bitcoin Analysis - The big pictureLooking at the BTC 4H here. We see that the price is currently hitting the H4 Key Level and safety zone and rejecting from there strongly. Based on the price action, I feel we're on the move down with the strong rejection. The price is likely to test the trendline, and bounce back, try a retest of the key level. Depending on whether the price is able to break the retest or not, we will see a new move to the either side. There are some good scalping opportunities during this move that one can take using the smaller time frames till we see a clear direction from BTC. Currently, I'm waiting on a confirmation pattern or a price action to confirm the move to the downside. All we see right now is a rejection from the key levels. It is also possible that BTC will retry to break the zone again which is why a confirmation pattern is really important to take a trade. Just a simple analysis. I'll be doing a deeper one later when I have some time. Hope this helps and happy trading!
by MoneyChartz
Bitcoin - Time to buy again!Currently, it can be said that Bitcoin has completed its fourth corrective wave and from now on, the price can be expected to rise to the top of the triangle. If the triangle breaks, we expect a new ATH to occur, but in new year. Recently analysis (Daily) And (weekly) ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
1
Bitcoin can make small correction and then continue to growHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago entered to upward channel, where it soon reached the resistance level, which coincided with the seller zone, but at once bounced and made a correction to the support line of the channel. Next, the price continued to move up and finally broke the 64900 level, and later reached the channel's resistance line again. But then BTC turned around and started to decline, so, soon, the price broke the resistance level one more time and exited from the upward channel. After this, the price continued to fall inside the downward pennant, where it first fell to the support level, which coincided with the buyer zone. When BTC fell to this level, it at once broke it, some time traded near the buyer zone, and then declined to support line of the pennant. Next, it turned around and rose higher than the 61200 level in a short time, breaking it again, and soon reaching the resistance line of the pennant. A not long time ago, BTC exited from pennant and now it continues to grow. For this case, I think that the price can make a small movement down and then continue to grow to the resistance level. That's why I set my TP at the 64900 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
07/10/24 Weekly outlookLast weeks high: $65,605.03 Last weeks low: $59,829.32 Midpoint: $62,717.17 After geo-political escalations causing panic in the markets at the beginning of last week, BTC has been spending the second half of the week trying to recover losses. The 1D 200EMA came in as support midweek to cap the sell-off, a steady climb back up flipping the 4H 200EMA back to bullish and finally the week low reclaim in the dying hours of the week. This to me is very positive, showing strength in times of major uncertainty. Another outside force Bitcoin will encounter is the US presidential election, that is now less than one month away and definitely will sway traditional markets and crypto alike. This week we have some key data events: Wednesday - FOMC minutes As the unemployment data came in better than forecast, this could be a sign of further rate cuts to come in November, we may get some clues on this in the report. Thursday - CPI (YoY) Previous: 2.5% Forecast: 2.3% Actual:??? With CPI forecast to drop closer to the FEDs 2.0% target, anything lower than 2.3% would be positive for markets, 2,3% is probably priced in and anything above would be negative for markets. Friday - PPI (MoM) Previous: 0.2% Forecast: 0.1% Actual:??? Similar story in PPI as CPI, forecasts are for another drop and markets could react similarly to what's stated above. Data events can be a non-event but now that the rate cut cycle has begun and the US election is on the way these events are more important than ever.
by ProR35
Bitcoin Holds Around $63,580 After US Unemployment Rate DeclinesBitcoin (BTC) is trading around the $63,580 mark during Monday's opening session, following a significant drop in the US unemployment rate reported last Friday. This positive economic news has affected market sentiment, and Bitcoin, like many other assets, has reacted accordingly. The price of the cryptocurrency bounced off a key demand area, suggesting that it could be poised for further growth. A Key Demand Area Supports Bitcoin's Price The demand area where Bitcoin has found support indicates a potential base for the next bullish leg. After briefly dipping last week, BTC has responded positively to this zone, giving traders and investors hope for an upward move. Additionally, Bitcoin's price behavior appears to align with its seasonality trends, where historical data shows stronger performance during this period. COT Report: Retailers Bearish, Smart Money Turns Bullish An analysis of the Commitment of Traders (COT) report adds further weight to this outlook. Retail traders, who often represent smaller and less-informed market participants, remain in a bearish mood. This sentiment reflects uncertainty and hesitation among retail investors, which can often serve as a contrarian indicator in markets. Meanwhile, Smart Money—a term used to describe institutional investors and large market players—has switched to a bullish stance as of September, indicating their confidence in Bitcoin's future growth. Possible Continuation of the Bullish Trend Given the dynamics between Smart Money and retail traders, and with Bitcoin bouncing off a demand zone, a bullish continuation is increasingly likely. The combination of favorable seasonality, positive sentiment from institutional investors, and broader macroeconomic factors could fuel a sustained rally in Bitcoin in the weeks ahead. Conclusion: Bitcoin Poised for a Bullish Move As Bitcoin stabilizes around $63,580, market watchers are eyeing a potential bullish continuation in the near term. The shift in institutional sentiment, coupled with Bitcoin's reaction to a key demand area, suggests that BTC could be preparing for another upward push. Traders should monitor the market closely as positive momentum builds, particularly as Smart Money has already shifted to a more optimistic outlook. With favorable conditions aligning, Bitcoin may be ready for another strong move, making it an exciting time for both seasoned investors and new entrants into the crypto space. ✅ Please share your thoughts about BTCUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
COINBASE:BTCUSDLong
by FOREXN1
1
BITCOIN → The flirtation with MA-200 ended in failure. To 52K?BINANCE:BTCUSD failed in its attempt to break the daily MA-200 and 64-65K resistance. A retest of the previously broken range boundary and strong liquidity zone amid a global descending channel is forming. The crowd was in the majority, but... On W1 the promising direction of the current trend is clearly visible. The price tested the upper boundary of the channel, but the bears pushed us down rather aggressively, making us realize that there is nothing to do in the zone above 65K yet. One of the reasons for the btc drop we caught earlier: 94% of all BTC holders are now in profit. Dealers noted high activity in buying call options on BTC with a strike of $75000. There were also high sales of puts. Trick question: How to make money if the crowd is buying? Resistance levels: 62745, 64955 Support levels: 60K, 59250, 57700 A correction after the impulse is forming and the price may test the imbalance and liquidation zone. Having broken 62342 area earlier, we entered the panic zone, where sellers managed to grab a piece before further failure at 60K. Before the further fall, the price may go after these lucky sellers before the asset goes after the buyers on the background of the general trend. This would be considered a retest after breaking the structure. I do not see any reasons for growth beyond 64-65K at the moment, I am interested in the zone of 60K, 57K, 55K, 52K. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Short
by RLinda
59
BTC/USDT CHART UPDATE !Bitcoin is approaching a crucial resistance area (highlighted in red), which has historically acted as a strong barrier to upward price movement. The chart suggests a potential bullish scenario where BTC could break the descending trendline and head toward the resistance area. If it successfully breaks this level, it could continue the uptrend. An alternative scenario is highlighted on the chart with a red arrow, indicating the possibility of a bearish rejection from the resistance area. If Bitcoin fails to break this level, it could face a pullback towards lower support levels. The lower green trendline represents a key support area. If the rejection occurs, BTC could retrace towards this trendline, which is around the $50,000-$52,000 range, which offers strong support. The chart shows two possible outcomes: A breakout above the resistance zone could lead to further gains. Failure to break the resistance could result in a downward move towards lower support levels. This dual approach highlights how BTC performs near the resistance zone in determining the next direction of the trend. 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
Cleaned out the longs. Now, it's time to clean out the shorts.Traders, You guys know my target during this uptrend has been 68k BTC which is the top of our channel and that large order block with mostly sell orders. This last sudden dip cleaned out quite a few longs. Now, it is time to go after those shorts. You will start to see a lot of shorts liquidated around 68k (the top of our channel). This will only add fuel to the bullish fire. I think we'll go right through that liquidity order block and clean out all remaining shorts. Supply is low on centralized exchanges so, expect big movement to come! A couple of things to watch before we get there though. First, we have to beat our 200 DMA. This is absolutely critical! If bulls can't handle this then it's game over for the time being and I think we'll drop all the way to 48k. Secondly, we have to beat the top of our channel. That currently sits at around 68k. If we beat those two major resistance points, it's game on. Shorts will be in serious trouble. Stew
INDEX:BTCUSDLong
by stewdamus
Bitcoin / USD May Rise to 64,370 - 65,100 (READ DESCRIPTION)Bitcoin / USD May Rise to 64,370 - 65,100 Pivot Point: 61,760 – This level acts as the key pivot for price action. Trading above it signals bullish momentum, while breaking below may indicate downside risk. Primary Strategy (Our Preference): Entry Point: As long as 61,760 is support, expect the price to rise toward 64,370 and potentially 65,100. Alternative Scenario: Entry Point: If the price breaks below 61,760, consider short positions for potential downside. Target Levels: 60,550: This serves as the initial downside target. 59,820: Further bearish momentum could push Bitcoin toward this lower support level. Technical Outlook: RSI Indicator: The Relative Strength Index (RSI) is above 50, indicating bullish sentiment and supporting further upside. MACD Indicator: The MACD is positive and above its signal line, confirming the potential for further gains. Moving Averages: Bitcoin is trading above both its 20-period and 50-period moving averages (respectively at 62,441 and 62,143), signaling ongoing short-term strength. Comment: The RSI and MACD both indicate a bullish configuration. As long as the price remains above the 61,760 pivot point, further upside toward 64,370 and 65,100 is expected.
MARKETSCOM:BITCOIN
by CharivapaAlgo
(Key) Support and Resistance Points and Basis (Key) If you set support and resistance points, you should consider the basis for it ------------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The 61099.25-61759.99 section is an important support and resistance section. However, I think it is in an ambiguous position to proceed with trading. The reason is that it is near the section where the M-Signal indicators of the 1W and 1D charts converge. In this case, since the fluctuation range is likely to be large, when you proceed with trading, you may proceed with trading in the wrong direction. Therefore, you should check whether there is an upward or downward movement in the 61099.25-61759.99 section, and then proceed with the transaction depending on whether there is support or resistance when the 61099.25-61759.99 section shows support and resistance. - It is currently rising in the 61099.25-61759.99 section and has touched the 62856.30 point. Therefore, it can be seen that there was an upward movement in the 61099.25-61759.99 section. Now, you can proceed with the transaction by checking whether there is support in the 61099.25-61759.99 section. While you are doing this check, it may rise like this. However, it is recommended to proceed with the check because it is rare for it to rise at once. - The StochRSI indicator is currently showing signs of moving out of the oversold section. Therefore, it is necessary to check whether the state of StochRSI > StochRSI EMA can be created when a new candle is created. This is because the StochRSI indicator often rises in the oversold zone and then fails to maintain the state of StochRSI > StochRSI EMA and falls. Whether the state of StochRSI > StochRSI EMA can be maintained can be known to some extent by checking the movement at the support and resistance points of the 1M, 1W, and 1D charts drawn on the chart. In addition, you can refer to the movement of BW, DMI, and OBV to help determine whether there is support and resistance. - The 62856.30-65918.80 section is the section that indicates the box section of the HA-High indicator on the 1D chart. Therefore, it can be said to be the section to check whether there is support and resistance at the HA-High indicator (64748.70) point on the 1D chart. Therefore, a box section can be formed within the 62856.30-65918.80 section, and depending on which direction it deviates from this section, a trend can be formed. Therefore, if it is supported near 62856.30 and rises, 1st: HA-High indicator point 2nd: HA-High indicator box top point You can check whether there is support near the 1st and 2nd above and respond accordingly. ----------------------------------------------------------- I publish ideas in a different way than people who publish ideas on TradingView. That is, I explain how to create a trading strategy for actual trading with a chart based on price movements. Therefore, there are often cases where the content predicting the immediate movement is not expressed clearly. The reason is that I explain the importance of the current price position in various ways. I think that by explaining why that point is important, you will also be able to know how to evaluate the importance of the support and resistance points you have drawn. I think that these settings are very important factors in conducting a transaction. Even if you mark support and resistance points on the chart, if you cannot properly explain why that point is important, that point may be useless when conducting an actual transaction. - If you have defined the basis for the importance of the support and resistance points you have drawn, you can create a trading strategy and conduct a transaction even if that point is incorrect. This is because you can create an actual trading method for buying and selling in the 3. Trading method and profit realization method section of the trading strategy. It is most important that the transaction ends successfully, but it is more important to what extent the transaction is conducted according to the trading strategy you have set. If the movement is somewhat in line with your trading strategy, you can create a trading strategy again and conduct a transaction even if the transaction fails. However, if you do not, it will be difficult to conduct the next transaction and you may even feel afraid. - Continuity is important in trading. Whether you are conducting an actual transaction or doing preliminary work to conduct a transaction, I think that as long as you have the will to start trading, the continuity of trading is maintained. To do this, you should check the chart at least twice a day. Otherwise, you should think that there is no continuity in trading. This is because checking the movement of the real-time chart is a very important information gathering activity. Therefore, if you do not have much time to look at the real-time chart, mark the support and resistance points on the 1M, 1W, and 1D charts in advance as much as possible and set the minimum StochRSI indicator. This way, you can save time looking at the movement of the real-time chart. - It is more important to complete the trading strategy according to it than to check whether my chart analysis is correct or not. This is because we need to quickly check the support and resistance points in the chart analysis and trade according to the trend at that point to make a profit. Therefore, there is no need to be happy or sad that your chart analysis was correct. It is better to make an effort to create a trading strategy at that time. - The general setting value of the StochRSI indicator is set to 14, 7, 3, 3 (RSI, Stoch, K, D). In other words, you can change Stoch from 14 to 7. The good thing about this setting is that the StochRSI indicator's wave comes out almost in line with the price movement. Therefore, you can see a faster movement than the basic StochRSI indicator setting value of 14, 14, 3, 3. The other indicators included in the chart you are currently viewing are modified formulas, so you should not use the indicators included in this chart. You can set the DMI+OBV indicator according to the explanation. - 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
ICPUSDT - BUY OPPORTUNITY- ICP Update - ICP is one amazing blockchain, within its ecosystem, it can handle gaming, social, web3, Ai etc DYOR!!! There's just too much about ICP which you can read up on their webpage. I am personally buying this coin within BUY area, Holding to target areas and potentially SWING TARGET. My SWING TARGET for ICP for near future is +$150 - $250, this coin 100% deserves 3 digits at fair value, its one of those coins that is built to handle future web3 projects, its utility is amazing, the transaction speeds are insanely fast, if so, even faster than SOLANA. This coin holds its value and reputation in my opinion amongst SOLANA and ETHEREUM, possibly flip SOLANA in near future!!! The blockchain is just built for the future, and with recent announcement regarding Ai model integrated within the blockchain, This by far is one solid and positive outlook for the future of this blockchain. As the future technology continues to progress and evolve around Web3 and mass adoption of crypto takes off. This coin will surely (in my opinion) be key player within the Web3 industry as well as Ai !!! We can only look forward from here and accumulate as much as possible, todays price is a steal for this GEM!!! Todays price will be a history in the future! that is my personal view and outlook! I could be totally wrong, lets wait and see. If this coin dips before Bitcoin halving, I will look further to add to my moon bag. Trade Safe Habibis ** Crypto is highly volatile and risky, profits are never guaranteed, only risk what you can afford to lose **
Long
by PathaanKhan
6
Bitcoin: Avoid Getting Caught In This.Bitcoin has retraced further than anticipated from my previous analysis (went to 60K instead of 64K support). There was never any price confirmation to go long on this time frame so you should have been able to avoid getting caught on the wrong side of such a move. While there appears to be a bullish correction of that move in progress now, it is important to prepare for the coming resistance where a lower high may unfold over the coming week (64K previous support/new resistance). The arrow on my chart points to the 64K resistance area. This location is notable for two important reasons: price can present a bearish reversal there on this time frame, and retest the level again as a profit objective in the near future. The illustration on my chart shows how I am anticipating the price action will play out in this regard. Keep in mind, this is NOT any kind of guarantee, it is what I believe has a greater possibility compared to a narrow range of scenarios over a short time horizon (click on previous articles to see how my illustrations play out). The whole point of sharing this analysis is to help you prepare for what the market can throw at you over the coming week. The key to using this information effectively is evaluating price action around these levels in search of CONFIRMATION (Trade Scanner Pro was made of this purpose). For example, over the previous week, Bitcoin broke the 64K anticipated support without ever confirming. There was never a reason to justify risk here, and every reason to step aside. Having a decision making model of this nature not only helps you to adjust to unexpected changes, but also avoid unnecessary losing positions. In terms of current momentum, there was an inside bar breakout at 62,300 (previous high) and a long signal in play. This type of opportunity is best managed by smaller time frame strategies (day/swing trades). This is far from an attractive investment level, especially since there is only about 1K points before first resistance (64K). I consider this location as one of elevated risk, especially compared to the possibility of retesting 60K support again to be followed by a bullish signal. The second bullish signal (off 60K) would be the lower risk/higher probability play. This is just a possible scenario that I will be prepared for IF Bitcoin presents and confirms it, this is NOT a forecast. Whether you are an investor or trader, you must have a way to objectively make decisions. A set of criteria to identify an opportunity, confirm entries, project exits and define risk. The time horizon that you choose will be an important factor that will shape how you process this information. As complex as all of this may sound, the goal is to accomplish this all while using as little information as possible. This is the LEAST you can do in a market environment where we as the retail trader/investor have NO advantage whatsoever. Otherwise you are simply stuffing your money into a glorified slot machine. Thank you for considering my analysis and perspective.
Editors' picks
COINBASE:BTCUSD
by MarcPMarkets
13
BITCOIN after the FOBO ! ( FAKEOUT BREAKOUT) BITCOIN, after the FAKEOUT BREAKOUT, has re-entered the bearish channel that we’ve been monitoring for several months. This was a false breakout, which left many of us hopeful for a bullish market, but it turned out to be the opposite! But no worries, we must wait. The important thing here is that, within the bear market we saw last week, the price bounced off a very important and key zone that we’ve been tracking for several months. This purple zone is what I call my inefficiency zone, which I also consider one of the strongest areas where Bitcoin has previously made strong impulses. The only thing we should consider here is that Bitcoin will likely try to break the channel again. We can’t do anything until the price is on the other side of the channel. It’s that simple! Don’t try to enter right now because the price could pull back. Always pay attention to the immediate structure being presented and WAIT! We already have confirmation that the price has bounced within our inefficiency zone. Now, we just wait for the breakout, so patience is key! That’s my advice for this week. Best regards, and thank you for supporting my analysis.
COINBASE:BTCUSDLong
by RocketMike111