Get started

Btc-usdt

BITCOIN - Price can enter to resistance area and then start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price moved up inside rising channel, where it reached resistance line and then made a correction movement. After this, BTC bounced from support line and made strong upward impulse to $60750 level, exiting from rising channel. Then, price broke $60750 level and started to trades in flat, in which BTC in a short time rose to $71800 level. Also, price entered to resistance area, but soon turned around and declined back to support level, making fake breakout. A not long time ago, BTC bounced from this level and rose to $71800 level again, and now trades close. In my mind, Bitcoin can enter to resistance area one more time and then start to decline to $64500 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2
🔥 Bitcoin: The Most Accurate Cycle Top Forecast To Date! 🚨Preface This analysis is based on historical price action. Since BTC only had a couple of cycles before, the data presented is based on just a few observations. Furthermore, this analysis will use calculations based on a mathematical model based on these few observations. TLDR/Summary at the bottom. Goal of this analysis In this analysis I'm going to take an attempt at making an educated guesss at when Bitcoin will top, and around which value it will top. With the information at hand, I'm reasonably certain that this is one of the best forecasts currently on the market. Indicators and Assumptions The first indicator on the chart is the Bitcoin Logarithmic Bands indicator, a personally made indicator which tries to calculate a Bitcoin top during a certain time frame by calculating a bottom and top band within BTC will top. More information below: The second indicator (or better said, assumption) that we use is the fact that Bitcoin has previously always topped between 34 - 47 weeks AFTER closing a weekly candle above the previous all-time high. I came to this conclusion after making this analysis below: Making the calculation 34 weeks after the 4th of March = 28th of October. 47 weeks after the 4th of March = 27th January. If the above will remain true for this cycle, we can expect Bitcoin to top between October 28th 2024 and 27th of January 2025. Now that we know the dates, we can also easily calculate the values. Naturally, we assume that the Bitcoin Logarithmic bands indicator will hold. (rounded for readability) 28-10-2024 lower band: 135.000$ 28-10-2024 top band: 195.000$ 27-01-2025 lower band: 144.000$ 27-01-2025 top band: 208.000$ Summary Based on the "New ATH to Top" model and the "Bitcoin Logarithmic Bands" model, we calculated that Bitcoin will top between 28-10-2024 and 27-01-2025, with a value between 135.000$ and 208.000$. Enjoy this analysis? Leave a like and a comment 🙏
INDEX:BTCUSDLong
by FieryTrading
21
BTCUSDT.4HAs I review the 4-hour chart for BTC/USDT, my focus is immediately drawn to the Ichimoku Cloud. The price action is currently above the cloud, indicating that the market is in a bullish phase in this time frame. The cloud is expanding, which suggests increasing volatility and potential trend strength. Looking at the Ichimoku components, the conversion line (blue) is above the baseline (red), reinforcing the bullish sentiment. However, the lagging span is within the price action, which typically calls for caution as it may suggest potential resistance or a lack of clear trend. The RSI is around 63, which is on the higher side but not yet in the overbought region. This implies there could be more room for upside before the market becomes overheated. The MACD indicator shows the MACD line above the signal line but both are converging towards the zero line, indicating that the bullish momentum may be slowing down. The histogram is small and fluctuating above and below the zero line, reflecting the current market indecision. Key resistance (R1) lies at 73071.70 USDT, which has not been breached recently. Key supports are identified at 67238.06 USDT (S1) and 60665.16 USDT (S2). The presence of another support level (S3) at 59020.15 USDT suggests significant downside protection. As a trader, I would be watching for the price to stay above the cloud, and a push above R1 could offer a potential entry point for a long position with a target near the recent high around 73777 USDT. Conversely, a drop below the baseline of the Ichimoku cloud could signify a short-term bearish reversal, and I would then consider a short position with targets at S1 and potentially S2 if the downtrend persists. Given the current chart configuration and my belief in Bitcoin's long-term value, I would favor a bullish stance but would remain vigilant for any signs of a trend reversal, and keep an eye on market news and global economic factors that could influence Bitcoin's price.
by MarsSignals
1
BTCUSDT.2HThis Bitcoin (BTC) chart against the US Dollar (Tether, USDT) on the 2-hour time frame provides a rich set of data for a technical analysis perspective: Ichimoku Cloud: Price is currently below the Ichimoku Cloud, which typically suggests a bearish trend. The cloud acts as a dynamic resistance area. Resistance Levels (R1, R2, R3): The chart shows multiple resistance levels. The closest one, R1, is significantly above the current price, indicating that there might be a strong move required for the price to reach these levels again. Support Levels (S1, S2): There are also two support levels identified. S1 is a short distance below the current price, indicating a potential area where the price might find support if it continues to decline. RSI (Relative Strength Index): The RSI is hovering around 45, which is somewhat neutral. It indicates there's neither a strong buying nor selling pressure currently driving the market. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and the histogram bars are red and growing, which points to increasing bearish momentum. Volume: The bars below the price chart depict trading volume, and a mix of red and green suggests a battle between buyers and sellers with no clear winner at the moment. Conclusion: The market sentiment for BTC/USDT, based on this chart, seems to be leaning toward the bearish side, as indicated by the price being below the Ichimoku Cloud and the MACD showing a bearish crossover. The RSI's neutral stance suggests that there could be potential for either direction, but current indicators lean more towards a bearish trend. If considering trading based on this chart, it might be prudent to watch for potential bounces off the support levels for buying opportunities or breaks below support as a signal for potential short positions. The resistance levels serve as targets for any bullish reversals or as potential exit points for short positions. However, a trader should use additional confirmation from other indicators, news, or market sentiments before making any trading decisions. Always remember to set appropriate risk management measures like stop losses, especially in the volatile cryptocurrency market.
by MarsSignals
2
BITCOIN - Price can reach resistance area and then bounce downHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently, the price entered to rising channel, where it bounced from $65800 level and started to move up. Later BTC made correction to support line of channel and then made upward impulse to resistance line, breaking $71300 level. After this, it turned around and entered to wedge, where price soon broke $71300 level again and also left channel. Then BTC declined to $65800 level, after which it bounced and rose to resistance line, but soon bounced down. In a short time price broke $65800 level and fell to support line of wedge, and recently it bounced up. Possibly, Bitcoin can reach resistance area and then it will decline back to $60000 support line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
Bitcoin can continue to decline in downward channelHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price not long ago entered to wedge, where it first rebounded from the resistance line and quickly declined to the support line, breaking the 64900 level, which coincided with the buyer zone. After this, BTC bounced from the support line of the wedge and made a strong upward impulse higher than the 64900 level, breaking it again, and then the price continued to move up in the wedge. But later, it made a correction to the support line, after which BTC turned around and rebounded up to the resistance level, which coincided with the seller zone. Soon, the price broke the 71600 level and some time traded in the seller zone, after which the price rose almost to the resistance line and turned around. After this, BTC started to decline in a downward channel, thereby exiting from the wedge and also soon broke the 71600 resistance level. In the channel, the price declined to the support level, but recently it rebounded and rose to the resistance line of the channel, and at once rolled down. So, in my opinion, Bitcoin can continue to decline in a downward channel, therefore I set my target at the 64900 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
More correction for BTC? USDT just hit the support on weekly!Hello everyone, Let's take a closer look at what's happening with USDT (Tether) dominance on the weekly charts and how it might be signaling a key movement in the crypto space. Now, we've noticed that USDT dominance seems to be hitting a support level and is starting to climb up. This is quite significant because USDT dominance reflects Tether's share of the total crypto market cap. When traders and investors start moving their funds into USDT, it's often a move to safety, especially when the market shows signs of volatility or a potential downturn. Now, here's where it gets interesting. If we flash back to March 28, 2022, we can see a similar situation unfolding – USDT dominance found support, and this correlated with a notable correction in the price of Bitcoin. We're spotting what could be a repeating pattern here. The climb in USDT dominance could be indicating that once again, traders might be hedging against current market movements, signaling caution as we see capital flowing into the stablecoin – a classic move during times of uncertainty. let's dial into the situation we're seeing here. We've identified a possible pattern with USDT dominance suggesting that we might be in for a market correction. The last time we saw something like this, we were deep in a bear market. Now, the dynamics are slightly different. We're approaching a Bitcoin halving event. Historically, halvings tend to have bullish implications for Bitcoin due to the reduced supply of new bitcoins entering the market. However, the anticipation of such events can bring about increased volatility. If we're drawing parallels with the last occurrence, we should consider that although history doesn't always repeat itself, it often rhymes. How much of a correction could we see? That's the million-dollar question. Corrections in a pre-halving period can vary widely. They could be short and sharp, or slightly deeper as traders position themselves ahead of the event. What's important to note is that while we could see a dip in response to the rising USDT dominance, the upcoming halving could also provide a counterbalance to a lengthy bearish trend. Keep in mind, corrections are a natural part of market cycles, even when an overall bullish sentiment is expected. They offer a reset, a breath for the market to consolidate before the next potential move. The key takeaway here is not the correction itself but how we position ourselves to manage it and potentially take advantage of the opportunities it presents. As always, my advice is not to fixate on the depth of a potential correction but rather to focus on your strategy. Do you have your risk management in place? Are you diversified enough to handle unexpected shifts? These are the factors within your control. Let's watch the charts, stay informed on global market trends, and remember, the halving is coming up, which could add a whole new dimension to the typical market ebb and flow. Trade wisely, everyone
INDEX:BTCUSDShort
by TAS1TheActualSnail
🔥 Bitcoin In The Biggest Bull-Run Since 2016? Let's Discuss!Bitcoin has been performing exceptionally well over the last months. This cycle is the first cycle where Bitcoin has made a new all-time high (ATH) before the halving, instead of after. The most likely cause for this are the massive ETF inflows which boosted the price to new highs. Historically, Bitcoin has always peaked in Q4 of the next year after the halving. In this case, it would mean that BTC will peak in Q4 of 2025. Seeing that we're already at 70k in Q1 of 2024, this could lead to some issues. There's a few possible outcomes and explanations that I want to share. 1: This cycle will be similar to 2016 and we will continue to go up in a relatively stable straight line until Q4 of 2025. Bitcoin could reach >300k because of the continued buying power from ETF's. 2: This cycle is outperforming the past cycles, which is not possible due to diminishing returns theory (bull and bear markets will be less extreme). Considering that we "should" top in Q4 of 2025, we will see a long period of sideways/bearish price action in order to get the white line under the blue and purple lines. Top will be in Q4 of 2025, but a lot lower. Think 150k. 3: Diminishing returns theory will hold, but we will top much earlier than Q4 2025. In another analysis that I recently made I discussed the fact that BTC on average tops 40 weeks after a new all-time high has been made. This would lead to a cycle top in Q4 of 2024. With Diminishing returns still in play I'd guess we can top somewhere between 100k-150k. It's going to be interesting to see which historically accurate theories will be broken this cycle, seeing that this is the first time that BTC made a new ATH before the halving. Best case scenario would be a long cycle with a price as high as possible. What is your view on a new ATH before the halving? Which scenario do you deem most likely? Share your thoughts.
INDEX:BTCUSDLong
by FieryTrading
16
BITCOIN - Price can rise a little and then bounce down to $65500Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from support level, which coincided with support area, and rose to $69100 points. After this, BTC declined below $62800 level, but soon it started to grow in rising channel. In channel, price broke $62800 level, making fake breakout, and rose to resistance level, which coincided with resistance area. Bitcoin some time traded in resistance area, but recently it, broke $71600 level and fall. In a short time, BTC declined to $66700 points, exting from rising channel, and then start to rise near support line. Now price continues to trades near this line and I think BTC can rise a little and then fall to $65500 points, breaking support line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
7
HelenP. I Bitcoin can make retest, after which it continue fallHi folks today I'm prepared for you Bitcoin analytics. Some days ago BTC traded in the support zone, which coincided with the 51700 support level, and soon broke it and tried to rise, but failed and fell back to the zone. After this, the price little declined in the zone, after which BTC rose to the 51700 level, and at once rebounded down to the trend line. When the price touched the trend line, it turned around and made firstly strong impulse up to 63500 points, after which the price little corrected and then continued to move up to the resistance level, which coincided with the resistance zone. But BTC at once rebounded from this level and fell to the trend line, after which price in a short time rose back to the resistance level, and even entered to resistance zone, thereby breaking the 68500 level. Soon, the price rose higher resistance zone to new ATH - 73800 points, after which BTC turned around and fell back. As well recently, the price broke the resistance level, with the trend line, and at the moment, Bitcoin trades below. For my mind, BTC will make a retest to the trend line, after which the price can continue to decline, so, for this reason, I set my target at the 63500 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
BTCUSDT.4HIn this Bitcoin to Tether (BTC/USDT) chart, we're looking at a downward movement indicated by the recent red candlesticks. Bollinger Bands: The price has moved sharply down and is currently at the lower Bollinger Band, which often acts as a dynamic support level. A breach below this band could indicate a strong bearish trend, while a bounce from it could signal a potential reversal or consolidation. Resistance Levels (R1, R2): Resistance levels at 74,379.14 USDT and 78,507.54 USDT have been marked. If a reversal occurs, these levels could act as potential targets for taking profits or reassessing the position. Support Levels (S1, S2, S3): There are several support levels identified: 65,426.40 USDT (S1), 60,045.16 USDT (S2), and a lower support at 50,313.86 USDT (S3). These levels could be where buyers might step in, providing opportunities to enter long positions with a risk-managed approach. Volume Bars: The volume bars show significant activity during the downward price move, which suggests that there's conviction behind the sell-off. RSI: The Relative Strength Index (RSI) is nearing the oversold territory, indicating that the market may be due for a reversal or pause in the downward momentum. Conclusion: The combination of hitting the lower Bollinger Band and the RSI nearing oversold levels might provide a basis for a potential reversal or relief bounce soon. I would keep a close eye on the support levels, especially S1, for evidence of buying interest. If the price stabilizes or bounces off S1, it could provide a good risk-to-reward entry point for a long position, with a stop loss placed just below S1 to manage risk. However, if S1 fails to hold, my attention would shift to the next support level at S2. I'd remain cautious and ready to act on new information, as the high selling volume and the current momentum could indicate further downside. Technical analysis provides guidance but it's not infallible, so I would also consider wider market sentiment and news that could impact the price action.
Long
by MarsSignals
🔥 A Simple Guide To Sell The Bitcoin TopIn this analysis I want to talk about the upcoming Bitcoin top, and how to make sure you will exit at the "right" time. As seen on the chart, every past cycle has topped at, or close at the purple RSI resistance drawn on the bottom half of the chart. The strategy is simple, sell your BTC's in the month that the RSI has hit the top resistance. And Ideally, buy them back at a discount once the RSI hits the bottom support. You will likely not catch the exact top, but will catch the top area better than 90% of traders.
INDEX:BTCUSDLong
by FieryTrading
21
BITCOIN - Price can bounce down from resistance line to $69100Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it fell to support area, which coincided with $61400 level, but at once bounced up. After this, price rose to resistance line of channel and even higher, thereby exiting from channel. Then BTC entered to wedge, in which price declined to support line, but soon turned around and made upward impulse. Thereby price made fake breakout of $61400 level and later reached $69100 level, which coincided with support area. Soon, BTC broke this level but then made correction, after which it in a short time backed up and now trades near resistance line. In my mind, Bitcoin can reach this line and then bounce down to $69100 level, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2
Bitcoin can decline to support area and then rebound upHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago entered to upward channel, where it at once rebounded from the support line and rose to the 59000 support level, which coincided with the buyer zone. In a short time later BTC broke the 59000 level and made a retest, after which it continued to move up and reached the resistance line of the channel, but then the price turned around and fell below. Then price continued to rise and some time later BTC reached the current support level, which coincided with the support area and even entered to this zone and also reached the resistance line of the channel, but soon price turned around and in a short time declined to support line of the channel, making fake breakout of 67150 level. But at once price bounced and made a strong impulse up to the support area, breaking the current support level one more time. Also recently, BTC exited from this area and now it trades near, so I think that Bitcoin can decline to the support area, where it turns around and starts to move up to the resistance line of the channel. For this case, I set my target at the 72500 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
BITCOIN - Price can fall to support level and then bounce upHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price made upward impulse to $59100 level, which coincided with support area and soon broke this level. Also, BTC started to move up in rising channel, where it reached resistance line, after which made correction movement. After this, price made upward impulse to resistance line of channel, breaking $66800 level, but soon fell. Bitcoin exited from channel and entered to triangle, in which BTC backed up to $66800 level, which coincided with support area. A not long time ago, price exited from triangle and rose higher last ATH, but now it trades near support area. Possibly, BTC can fall to support level, after which it turns around and starts to grow to $72000 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
HelenP. I Bitcoin can reach ATH again and then start to fallHi folks today I'm prepared for you Bitcoin analytics. Some days ago price declined to the trend line, after which it rebounded and rose to support 2, which coincided with the support zone. In the support zone, the price broke the trend line and later bounced from this zone to this line, breaking support 2. After this, BTC some time traded between the trend line, and at the last time price declined below this line, after which the price soon made a strong impulse up, higher than the trend line, breaking it one more time. Later BTC reached support 1, which coincided with the support zone, where it some time traded and then rebounded up to 68900 points, but soon price turned around and made an impulse down to the trend line. After this movement, the price in a short time rose back to the support zone and also soon rose higher. Now, the price continues to move up and for my mind, Bitcoin will reach ATH again and then it turn around and start to decline. So, for this thing, I set my target at the 61800 support level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
BTCUSDT.4HBased on the current market data for BTC/USDT, the current price is 67166.0 USDT. The 4-hour Relative Strength Index (RSI) is 63.44, which means the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) for the same period is 1043.74, indicating a bullish market. The Bollinger Bands (Bb) for the 4-hour chart is at 69376.0, with the price currently below the upper band, indicating that it is not overbought. The immediate supports are at 65327.0, 61437.0, and 58473.0 USDT. The resistances are at 70115.0, 72800.0, and 74100.0 USDT. On the daily chart, the RSI is 92.34, indicating an overbought market. This could suggest a potential price correction in the near future. The MACD is 4603.0, indicating a strong bullish market. The Bollinger Bands are at 69376.0, with the price above the upper band, indicating an overbought market. The supports are at 58473.0, 56799.0, and 51800.0 USDT. The resistances are at 72800.0, 74200.0, and 77200.0 USDT. On the weekly chart, the RSI is 88.81, indicating an overbought market. The MACD is 6747.0, indicating a strong bullish market. The Bollinger Bands are at 69377.0, with the price above the upper band, indicating an overbought market. The supports are at 44680.0, 38700.0, and 31800.0 USDT. The resistances are at 80770.0, 91500.0, and 98400.0 USDT. In conclusion, the market is strongly bullish across all time frames. However, the high RSI values suggest that BTC is overbought, especially on the daily and weekly charts, and may experience a price correction in the near future. Therefore, it might be a good idea to take profits or set stop losses to protect against a possible downturn. It's important to keep monitoring the market closely.
by MarsSignals
1
🔥 Bitcoin's New All-Time High Dump: Temporary Or Not?Two days ago I made an analysis on my expectation of Bitcoin's short-term price action, based on historical price action at the moment a new all-time high has been made. My most likely scenario was a new ATH, followed by a dump towards the first yellow area of support. This has now occured, together with an hourly oversold reading on the RSI. Experienced traders spotted an opportunity, and BTC rose over 13% in a matter of hours. For now, my most likely scenario would be 1-2 weeks of consolidation between 60k and 69k. It seems like a small area on the chart, but it's still 15%. Alts could dump as much as 30% during a retest of the bottom yellow support, so be careful with leverage. Keep in mind that a move towards the second support is still in the cards. Not very likely, but it's still a risk. Consequentially it would be an amazing area for long-term entries. It's now a matter of exhausting the bears until there are no more sellers left. Once there are no more sellers left I expect a strong break out with high volume, which will be the start of a new era of price discovery.
INDEX:BTCUSDLong
by FieryTrading
5
Bitcoin can make little movement up and then start to fallHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago long time traded between the support level, which is located in the buyer zone. But last time, it turned around and started to move up in an upward channel, breaking at once the 51600 support level. In the channel, BTC in a short time rose to the resistance line from the support line and even a little higher, reached the 64000 level, but soon price fell back to the channel and a few time traded below this level. Later BTC broke the 64000 support level and rose to the resistance line of the upward channel, but it at once fell back, after which it tried to back up to the resistance line and when it rose to this line again BTC made a downward impulse to support line of channel, thereby breaking 64000 support level. After this movement, the price rebounded from the support line and soon reached the current support level again, after which in a short time it broke this level and at the moment, Bitcoin continues to grow. In this case, I think BTC can rise a little to 68800 - 69000 points, and then start to decline to 64000 support level. For this reason, I set my target at this level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
3