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Btc-usdt

🔥 Bitcoin Bullish Support Holding: Wait For Break OutBTC has been consolidating for over a week at this point. Some form of consolidation was to be expected after the massive move from 36.7k to 44.7k. To me, it looks like BTC is bouncing off the bottom support yet again. This support has been holding for over 3 weeks now and was due to be retested. I'm waiting for the price to reach above 42.2k to confirm the break out through the top resistance, short term target placed at 44.7k.
Long
by FieryTrading
25
🔥 Bitcoin Bulls Are Back: Faked Out Bears In my most recent BTC analysis I discussed a potential break through the top diagonal resistance. This signal got cancelled because BTC fell through the bottom support, but this ended up being a fake out. Bears thought they got the overhand, but apparently not... Previous signal is being reactivated. If we can close a 4H candle above 42,750$, I'm interpreting that as a break out through the top resistance of the triangle with a target of 44,700$. Furthermore, this break out could be the final break out of the consolidation period we've seen over the last two weeks. Things can heat up going into the new year, with the period between Christmas and NY historically being bullish.
Long
by FieryTrading
4
Bitcoin(BTC): Pumped 6% - Near our ResistanceFourth Day: Price has had a nice bounce from near the FVG zone (at $40K), where so far we have had a nice 6% market price movement! This being said, we are getting closer and closer to our major target of $44,500, which should determine the next major movement. As you all remember, we are waiting for more bearish scenarios to occur near this zone, but let's see what we will get once we are near it! Greed and Fear Index: Still Greedy and growing (72)
BITSTAMP:BTCUSDShort
by SwallowAcademy
🔥 Bitcoin History Repeats! Fractal Correctly Predicted Pump 🚨Last week I made an analysis on BTC where I compared the current state of the market with two historical patterns. The pattern that I'm talking about is a bullish channel after a big pump that results in another big pump. Seeing how the market historically behaved, I made the assumption that BTC would follow this fractal and break out of the channel in the near future. One week later, and BTC has successfully broken out of the channel, as predicted by this fractal analysis. As described in my analysis below, I'm currently looking at 48k as the next target. Seeing how these fractals historically behaved, 48k should be fairly easily reached? Share your thoughts in the comments. Are we going straight up, or do you expect a correction?
Long
by FieryTrading
31
BTC/USDTHistorically, in each bear market cycle, the subsequent crash below the 200-week moving average (WMA) tends to be deeper than the previous one. This pattern indicates a looming possibility of another drop below the 200 WMA before reaching a bottom. You're highlighting specific patterns on the chart, particularly the ending diagonals in 2018 and the current market movement. According to your analysis, these ending diagonals have typically been followed by intense movements in the opposite direction. Additionally, you're mentioning that the five waves from the prior bull market formed a terminating wave due to the retracement of wave 2 being over 67% of wave 1. This suggests that the bull market from Bitcoin's inception might be considered finished, and any future rally might not surpass the previous all-time high until a complete reset of the entire bull run. Based on Steve Courtney's theory about the 5.3 ratio predicting Bitcoin's bull market tops, if the next bottom is around 13.6k in 2024, then the projected top might reach around 70k, not surpassing the previous all-time high. It's an intricate analysis that considers past trends and patterns to forecast potential future movements in the crypto market. These interpretations might not align with more optimistic viewpoints that disregard potential downward movements. Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @FarmanBangashh
BITSTAMP:BTCUSDShort
by frmnCapital
🔥 Bitcoin Uptrend Still Intact: Bearish Binance NewsToday we had a big bearish headline about Binance, the biggest crypto exchange in the world. The US Government is charging Binance with the following: • Conspiracy • Conducting Unlicensed Money Transmitting Business • Violating International Emergency Economic Powers Act This has resulted into CZ, CEO of Binance, stepping down as part of the settlement. Furthermore, Binance has to pay a small sum of 4.3 billion dollars fine. Naturally, the markets reacted bearish. This move was exaggerated by the high amount of open interest (leverage) being in the market, making dumps like these quick and deep. The long-term uptrend is still intact. Wouldn't be surprised at all if Bitcoin would see a move towards 39k from here, but there's some minor risks in the market that we can't ignore. Worst case for the bulls would be a move towards the bottom purple support. As long as this holds, bulls have the short-term advantage.
Long
by FieryTrading
6
BTCUSDT.1DBased on the provided market data, the current price of Bitcoin (BTC) is $36,095. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 50.06, 68.12 and 74.52 respectively. RSI value above 70 usually indicates that the market is overbought and may be primed for a trend reversal or experience correction, so BTC is nearing that condition on the 1 day and 7 days charts. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are -221.37, 1475.98 and 2014.21 respectively. The negative MACD on the 4-hour chart suggests the market is bearish in the short term, while positive MACD on the 1 day and 7 days charts indicates bullish in the longer term. The Bollinger Bands (Bb) for 4 hours, 1 day and 7 days are 37836.0, 37582.0 and 36840.0 respectively. The price is currently below the upper band in all three periods, indicating it's not overbought. The supports for 4 hours are $35,380, $34,128, and $33,355, while the resistances are at $37,960, $38,936 and $40,000. For the 1 day period, the supports are at $33,400, $32,158 and $30,000, with resistances at $38,000, $42,880 and $40,500. For the 7 days period, the supports are at $29,630, $25,177 and $22,860, with resistances at $40,500, $44,800 and $48,000. In conclusion, the market data suggests a mixed signal with short term bearish and long term bullish trends. The market is nearing overbought conditions which could lead to a price correction. Traders should exercise caution and consider their risk tolerance and investment objectives before making a decision.
by MarsSignals
DCR LONG POSITION #Dcrusdt #Dcr #Longposition #Profit #Profitable #Btc #Usdt Based On Market Structure We Conduct A Long Position From This Liquidity Levels Entry: 13.11 - 12.92 Take Profit: 16.09 Stop Loss: 12.67 Advisor Legal: Recommend Capital Allocation: Open P&L: 1.39 Risk/ Ratio: 6.48 #Decred #DCR #DCRUSDT #cryptotrading #longposition Decred (DCR) Technical Analysis - Long Position Update Based on the current market structure, I have decided to hold my existing long position on DCRUSDT. This trade was entered between $13.11 - $12.92 as described in my previous analyses. The trade now has an open profit/loss of 1.39% and a highly favorable risk/reward ratio of 6.48. This means the potential upside is over 6 times greater than the risk on the trade. My take profit target remains at $16.09, just below a key resistance level. I will look to book partial profits at $15.50 and trail the rest. The stop loss is still in place at $12.67 which allows room for normal price fluctuations while limiting downside risk. I will continue holding this low-risk, high-reward long position as long as the bullish structure remains intact. Signs of a trend reversal would be a break back below $13. As always, proper capital allocation is key. I have limited my position size to 5% of capital to align with my risk management strategy. Strict risk control is vital for long-term trading success and profitability. Overall, I remain bullish on DCRUSDT and expect further upside from this profitable long position. I will post updates as the trade progresses. Let's see how high Decred can run!
Long
by fidubit
1
BTCUSDT.1DBased on the given market data, the current price of Bitcoin (BTC) is 35065 USDT. In a 4-hour timeframe, the Relative Strength Index (RSI) is 59.28, which suggests that the coin is approaching overbought conditions. The Moving Average Convergence Divergence (MACD) is 153.84, indicating a bullish trend. The Bollinger Bands' (BB) upper limit is 35351, which is slightly higher than the current price, suggesting a slight downward pressure. The first, second, and third support levels are 33455, 31855, and 29953 respectively, while the resistance levels are 36028, 37562, and 40340 respectively. In a daily timeframe, the RSI is 79.28, indicating overbought conditions and a potential price correction. The MACD is 1853.24, suggesting a strong bullish trend. The BB upper limit is 37781, indicating a potential for price decrease. The support levels are 32983, 30371, and 27300, and the resistance levels are 37700, 40340, and 40790. In a weekly timeframe, the RSI is 73.34, suggesting overbought conditions. The MACD is 1248.21, indicating a bullish trend. The BB upper limit is 35830, which is slightly higher than the current price. The support levels are 28900, 24128, and 19740, and the resistance levels are 41000, 47830, and 68000. Based on these indicators, BTC is currently in a bullish trend, but the high RSI on the daily and weekly timeframes suggests that it may be overbought and a price correction could happen. It is advised to keep a close eye on the support and resistance levels. Investors should also consider other factors and their risk tolerance before making investment decisions. Please note that this analysis is based on the provided data and does not consider external factors that might affect the price.
by MarsSignals
TRB CAN FALL SAME AS SOLANA AND BNX DID.. Below $100Thanks for reading this update, remember that this update is not trading advice, but a chart view of what we expect. We expect that TRB is going to break down in the coming time, there is nothing riskier in trading than the fomo volume. We have added before about the increased volume since this coin is a t $48 , the most TRB Volumes that are running now are from Bika . And Bika is not a holding platform. Binance was also the top holder of BNX.. By this previous update, we did expect an increase before it happened from $48. Since today and depending on our study on this coin seems that it has a high chance of falling, we expect that it can fall below $100 The same effect that BNX and Solana have done before, this coin can do similar. Further, this coin doesn't have a maximum supply, which means there can be added unlimited new coins that can affect the price action, and the exchange that did pump this coin is known to take profit exchange. Trading TRB is very risky, it can have a time of pumping when the price time frame of increase is over, and it can enter into a fall. Our study is done with high tools, including the technical view of the coin and the data of whale transactions and volume range study.
Short
by SatochiTrader
2
BTCUSDT.1DBased on the provided market data, the current price of Bitcoin (BTC) stands at 33,892 USDT. The relative strength index (RSI) for the 4-hour, 1-day and 7-day periods are 1312.09, 1241.01 and 743.80 respectively. These values are significantly higher than the typical RSI threshold of 70, suggesting that BTC is currently overbought and may be due for a price correction. The 4-hour, 1-day and 7-day Moving Average Convergence Divergence (MACD) values are 93.50, 88.61 and 70.43 respectively. These positive values suggest that the short-term momentum is currently stronger than the long-term momentum, indicating bullish market sentiment. The Bollinger Bands for the 4-hour, 1-day and 7-day periods stand at 34496, 32378 and 33432 respectively. The current price is slightly below the 4-hour and 7-day Bollinger Bands, suggesting that the price is in a "normal" range. The support levels indicate the price points at which we can expect a lot of buying activity. If the price of BTC falls to these levels, it could trigger a price bounce. The resistance levels, on the other hand, indicate the price points at which we can expect a lot of selling activity. If the price of BTC rises to these levels, it could trigger a price drop. In conclusion, the overall technical analysis suggests a bullish market sentiment for BTC in the short-term, as indicated by the high RSI and positive MACD values. However, the significantly high RSI values also suggest that BTC is currently overbought and may be due for a price correction. As such, traders should proceed with caution and consider setting stop-loss orders to protect against potential price drops.
by MarsSignals
Not quite there yet...Howdy fellas! Figured I'd come back and update from the last time I put this chart out there. I am not playing the bear game here, but if history repeats itself, we still got that big dump before bull run begins. You might wanna take some profits at the end of this run, as this supposed dump happens in about 9 weeks. Once it starts in drops quick and the move down should be done in 3 weeks. I can always be wrong friends, so do not run your trades based on my words. Trade thirsty!
CRYPTOCAP:TOTAL2
by mr_willmedina
🔥 Bitcoin Killed The Bears: Big Push Coming!After being bearish over the last two months, I've switched my bias to neutrally bullish. The main idea behind my bearish bias was the fact that BTC reversed from the top resistance of the parallel channel. That, combined with pre-halving years being 50/50 green and red, made me think there was more in it for the bears. However, I always wrote that a bullish break out through the top resistance would be an indication of strength, hence the switch to a more bullish outlook. For now, the 2023 top of 31.800 is the target to beat (yellow). A push through there could result in a new prolonged bullish trend towards the 40k area or even higher. Things are looking much better than last month. Time will tell.
Long
by FieryTrading
39
BTCUSDT.1DBased on the market data provided, BTC is currently trading at $29,919.43 against USDT. The Relative Strength Index (RSI) is above 70 on the 4-hour chart and above 76 on the daily chart, indicating that the cryptocurrency might be overbought. This could mean that a price correction might be coming soon. The Moving Average Convergence Divergence (MACD), an indicator used to identify potential buy and sell signals, is positive on the 4-hour, daily, and weekly charts, suggesting bullish momentum in the short, medium, and long term. The Bollinger Bands (BB), which measure volatility, are at $30,556.36 on the 4-hour chart, $30,134.20 on the daily chart and $31,583.20 on the weekly chart. The current price is below the BB on all three charts, which could suggest that BTC is oversold and could bounce back. The support levels on the 4-hour chart are at $29,615.20, $28,011.20, and $27,007.20, and the resistance levels are at $30,397.20, $31,693.20, and $32,418.20. On the daily chart, the support levels are at $28,602.20, $26,660.20, and $25,993.20, and the resistance levels are at $30,239.20, $31,038.20, and $32,361.20. On the weekly chart, the support levels are at $28,158.20, $26,311.20, and $24,758.10, and the resistance levels are at $30,990.20, $32,218.30, and $34,700.00. In conclusion, the market data suggests that BTC is currently overbought and could be due for a price correction. However, the positive MACD indicates that there is still bullish momentum. As always, it's important to consider other factors and do thorough research before making any investment decisions.
by MarsSignals
🔥 Bitcoin Spot ETF Approved: BUY THE RUMOR & SELL THE NEWS 🚨The BTC spot ETF has finally been approved, but will it result in the massive bullish pump that EVERYONE has been expecting. My answer: No. It's public knowledge that the Bitcoin spot ETF will be approved at some point now for months. Thus, most traders have already bought a position in anticipation. Like nearly every ETH/BTC ETF news we got this year, I'm anticipating this to be a Sell The News event. If there's something that I've learned over the years, it would be that if everyone expects a certain outcome, the opposite will often happen. Yes, this is long-term great news for Bitcoin. However, I highly doubt we're going to see the massive shift in trend that people have been hoping for. Nevertheless, I'm happy to be wrong, as a new high this year would definitely be against my expectation. The market has to prove it wants to go up first before I believe it. Be warned.
INDEX:BTCUSDShort
by FieryTrading
26
🔥 The Dollar Is Predicting A Bearish BitcoinThe dollar index (DXY) is inversely correlated to the price of Bitcoin. To make it easier to read I've inversed the DXY. The direct correlation between the two assets has everything to do with risk. In a trading environment where investors are happy to take risks, they are willing to spend their dollars (downwards pressure) and buy risky assets (upward pressure). The inverse is true as well, as investors dislike risk, they will sell their risky assets and are happy to sit on their dollars. As seen on the chart, the relationship between the two assets is remarkably similar. With the DXY gaining in strength recently (or selling off in the inverse chart), I'm anticipating more bearish pressure on riskier assets like BTC. Bitcoin is holding up for now, but I'm assuming a stronger bearish trend in the near future. Share your thoughts in the comments 🙏
TVC:DXYShort
by FieryTrading
14
🔥 Bitcoin Short-Term Outlook Very Bearish: Prepare For Dump 🚨After trading relatively bullish for nearly a month, the bears are back in the game on the BTC chart. The diagonal purple support has failed and the bears have pushed through. Most important thing of the break out has been the retest of the support as resistance, which nearly always confirms the change in direction. I'm waiting for BTC to fall through the local lows of 26,500 before considering an entry. Target at the September lows, stop just above the most recent local high. Note the yellow support. This can cause a short-term reversal due to shorters taking profits and bulls buying from support.
COINBASE:BTCUSDShort
by FieryTrading
25
BTCUSDTBased on the given market data, BTC is currently priced at 27381.0 USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 35.72, 56.51, and 53.28 respectively. The RSI values indicate that BTC is nearing oversold conditions in the short term (4 hours), but is in a relatively neutral position in the longer term (1 day and 7 days). The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -68.90, 296.0, and 233.0 respectively. The negative MACD for 4 hours suggests a bearish trend in the short term, while the positive MACD for 1 day and 7 days suggests a bullish trend in the longer term. In terms of Bollinger Bands (Bb), the 4-hour, 1-day, and 7-day bands are located at 27758.0, 27101.0, and 28045.0 respectively. The current price is slightly below the middle band in all three time frames, suggesting a neutral to bearish trend. The Support levels for 4 hours, 1 day, and 7 days are 27132.0/26970.0/25881.0, 25965.0/26057.0/25350.0, and 24680.0/21516.0/19520.0 respectively. The Resistance levels for these time frames are 27637.0/28000.0/28600.0, 28380.0/28774.0/30175.0, and 28578.0/32800.0/33500.0 respectively. In my opinion, BTC is showing signs of short-term bearishness but long-term bullishness. Investors should keep an eye on the support and resistance levels, as well as the RSI and MACD for potential buy or sell signals. Please note this analysis is based on historical data and does not guarantee future performance. Always do your own research and consider your risk tolerance when investing in cryptocurrencies.
by MarsSignals
3
BTCUSDTThis is a 1D frame analysis for BTCUSDT The price attempted to start a movement towards our static resistance line but as you can see the price ended with a negative candle below the resistance line. However, at the moment the price is above our first support line and we can have two scenarios. The first scenario is that the price after the support of the first support line has the opportunity to start a movement towards its own resistance lines once again. The second scenario is that if the price breaks and consolidates below our support line it can move towards our next support. However, due to the selling pressure and yesterday's candle, we can have a short-term correction.
by MarsSignals
1