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Btc-usdt

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
🔥 Maximizing Gains: How to Play the BTC/GOLD RatioIn this analysis I want to shed some light on an interesting relationship between Bitcoin and Gold. It's not a relationship that you can use in your day-to-day trading activities, but it can clearly be used to spot long-term areas of support and resistance. As seen on the chart, the yellow area (which was established at the 2017 top) has offered support during the 2021 bull-run and resistance during the 2023 move up. In both cases, the prices have rejected from the yellow area, albeit temporarily. Seeing that GOLD is currently falling hard and BTC is seeing a minor uptrend, the value of BTC/GOLD is currently going up. My anticipation is that we will reject from the yellow area yet again and go for a retest of the November 2022 lows. History rarely repeats, but it's clear that the BTC/GOLD value likes to retest important areas. See the yellow area and the dotted blue lines. Hence my expectation that BTC/GOLD will retest the November 2022 lows. Do you think BTC/GOLD has value for traders? Happy to hear your thoughts in the comments.
BITSTAMP:BTCUSDShort
by FieryTrading
22
🔥 Bitcoin Bulls Watch Out! Double Resistance ReversalBTC has been trading relatively bullish over the last few days. However, it seems that BTC is encountering heavy resistance at the intersection of the blue and purple resistance lines. I've been bearish in my last few analyses, and I will stay like that in the short-term, unless we manage to close the day above the blue resistance. For now, bears are still winning, but for how long? Share your short-term views on the market in the comments 🙏
COINBASE:BTCUSDShort
by FieryTrading
11
🔥 Bitcoin & The 50-Day SMA: 77% Win-Rate Indicator!I rarely look at moving averages because they are often lagging indicators and tell only a part of the story. However, I noticed that de 50-day SMA has proven to be a very worthwhile indicator to watch. Since late April, the 50-day SMA has offered a lot of support and resistance for Bitcoin's price, see the yellow areas. In 10 of of the last 13 touches, the price reversed from the 50-day SMA. This means that, since April '23, there's a 77% probability that the price will reverse from that specific SMA. I assume that the indicator will lose this trading edge over time, but for now I'm definitely keeping it on my chart. If BTC's price were to reverse back up from here, I will likely consider a scalp-entry from the 50-day SMA's resistance.
INDEX:BTCUSDShort
by FieryTrading
16
BTCUSDTThis is a 4H frame analysis for BTCUSDT Currently, the price is below our first resistance line and has attempted several times to break this static region and establish itself above it, which has been unsuccessful. On the 1-day timeframe, we cannot see any upward momentum and the candles are not currently indicating any upward movement, however, we can remain hopeful that the price can move up again. Keep in mind that if the price hits its support too hard and is unable to move up, its support may be lost, so trade cautiously. Also, keep in mind that if the price fully penetrates the support line and establishes itself, it can move to even lower numbers, such as $19,560.
by MarsSignals
4
🔥 The Perfect Bearish Bitcoin Trade - Learn How!In this analysis I want to talk about Bitcoin's bearish triangle pattern that has been unfolding itself over the last few weeks. I'm not sure whether BTC still has a bullish move in it, but when it does, we are ready. As always with trading, it's a matter of > . If Bitcoin decides to move up, we will enter a short from the top resistance which has historically been quite strong. Stop above the resistance line, target at 23.500 for a nice R/R trade. A more bearish (but riskier) bet would be to place the target at 20k.
INDEX:BTCUSDShort
by FieryTrading
32
🔥 Bitcoin Retesting Channel: FOMC Fake Out WARNING 🚨I've been fairly bearish since BTC failed to break through the top resistance of the channel a couple of weeks ago. However, BTC's price action this week seems promising at the very least, so we have to consider different outcomes at the very least. My anticipation for the coming week is that we're going to retest the top purple resistance. We will get some decent volatility during tomorrow's FOMC, so a sudden bullish move is not ruled out. With inflation rising again, there's little reason for markets to pump. So I will be looking for a sudden bullish move upwards during the FOMC, ideally getting above the resistance, and then reversing quickly, leading to a fake out. A perfect bearish trade would be to step in during the fake out and ride the bearish move all the way down towards 20k. My bearish stance will chance as soon as we can get a weekly close above 30.5k. If the bulls manage to pull it off, I'll be looking at 32k and then potentially 35k. We are not there yet, though. Interesting times ahead. Share your thoughts in the comments🙏
Short
by FieryTrading
33
BTCUSDTThis is a 1D frame analysis for BTCUSDT As we can see, the price has been progressing as per our previous analysis and has activated our entry zone and we are still in profit. However, currently the price is in our neutral zone and is fluctuating within the channel. If it can maintain itself within this zone over the next few days and some positive candles are formed, it can once again start to move upwards. Alternatively, if it fails to stay above the support line and falls below the complete support line, it can move towards our second support line. And if it can completely settle above the first resistance line, it can start to move towards our second resistance line.
Short
by MarsSignals
5
🔥 Perfect Bitcoin Short Initiated: Bearish Triangle!Recently I made an analysis on BTC's bearish triangle and the short-entry I was hoping for. The original resistance that I drew (yellow) has not been hit yet, but instead the purple line has proven to be a strong resistance. Support/resistance lines, especially diagonal ones, can be fluid, so I drew the triangle again. I'm waiting for the price to reach below 26k to make a short entry, target at 20k. This gives us a very decent short-term entry with a huge R/R of 11.5. A more risk averse trader might want to wait for the definitive bearish break out and enter below 24.9k
INDEX:BTCUSDShort
by FieryTrading
16
📉📈 Low Volatility Deja Vu? A Look Back at 2022 and What It Could Mean for Crypto Now 🤔 Hey there, crypto aficionados! Today, let's take a trip down memory lane and explore some intriguing parallels between the current market conditions and what we experienced in late 2022 and early 2023. It's a case of déjà vu with a twist. 📉 The Calm Before the Storm: At the end of 2022 and the beginning of 2023, the crypto market found itself in a period of exceptionally low volatility. Prices seemed stuck, and many anticipated a further drop. The sentiment was cautious, to say the least. 📈 The Unexpected Twist: What happened next surprised many. Instead of the anticipated plunge, the crypto market took an unexpected turn and started to climb. The low volatility period was followed by a burst of bullish momentum that caught even seasoned traders off guard. 🔄 A Familiar Scenario: Fast forward to the present, and we find ourselves in a situation that bears a striking resemblance. Volatility has once again dropped to relatively low levels, and some are beginning to wonder if history might repeat itself. 🚀 Potential Implications: Could the current low volatility be a prelude to another surprise rally? While past events don't guarantee future outcomes, they do remind us of the unpredictable nature of the crypto market. 🧐 Stay Informed and Adaptive: In the world of crypto, staying informed and adaptable is key. Keep an eye on market developments, stay attuned to news and trends, and be prepared for the unexpected. Remember that markets can change rapidly. 💡 The Takeaway: History might rhyme, but it doesn't always repeat. While we can draw insights from past experiences, the crypto landscape is ever-evolving. Be vigilant, have a well-thought-out strategy, and embrace the excitement of navigating these dynamic markets.
by AlexWhale
🔥 The Calm Before the Storm: Bitcoin's Volatility AnalyzedIn our latest analysis, we explore Bitcoin's unfolding volatility patterns. Notably, the bottom indicator highlights a distinct drop in Bitcoin's 7-day volatility, as depicted by the green metric. Historical data consistently suggests that such low volatility precedes significant market movement. While periods of low volatility can span weeks, they invariably culminate in a pronounced shift. Previously, I discussed Bitcoin's volatility and predicted a potential downturn risk. My perspective remains unchanged. Given that September traditionally presents challenges for crypto performance, and considering the precedent set by pre-halving years exhibiting roughly 50% bullishness (a trend we observed at the year's start), there's a strong inclination toward upcoming bearish trends. Although positive ETF news might temporarily boost the market, a surge in selling is anticipated in the near future. If you wish to use this indicator yourself, check out this link below: Which direction do you think that the market will go? Share in the comments 🙏
INDEX:BTCUSD
by FieryTrading
32
🔥 Are the Bulls Losing? Decoding Bitcoin's Recent Market TwistAfter the initial dump around the 17th, I made an analysis on BTC where I discussed the fact that this token was the most oversold on the daily RSI since the COVID dump. My short-term expectation was more edged towards the bullish side than towards the bearish. My target area for the bounce lied between the 0.382 and 0.618 Fibonacci retracements. This area is often an area of strong resistance and will nearly always signal a continuation of the trend if it can hold. To make things worse for the bulls, the 200-week average lies around 27.500. This moving average is historically the most important moving average. Given the fact that a lot of traders will look at this indicator makes it worthwhile to look at it as well. I'm not convinced that the bulls will push through. With the ETF not even being approved yet it's essentially "news before the news". Sure, it's good news, but is it enough to start a long-term trend reversal? Like mentioned before, I'm not convinced yet. If BTC can close the day above the 0.618 Fibonacci retracement (~28.300), I will switch my short-term bias to bullish. If not, we're still in bearish territory.
COINBASE:BTCUSDShort
by FieryTrading
43
BTCUSDT This is a 1D frame analysis for BTCUSDT Based on the fact that the price is currently ranging within the support line, we expect the price to once again reach the first resistance line and then, if it cannot maintain a high momentum, experience further decline. However, if it can move above our resistance line, we can expect an increase in price until the next resistance line. Suggestion: In this situation, we should be cautious and wait for a good point to buy or sell. We have identified sensitive points for you friends, I hope you can make use of them.
Long
by MarsSignals
4
BTCUSDTThis is a 1D frame analysis for BTCUSDT As you can see, due to the negative news, the price was unable to remain on our static support and was pressured by excessive selling, causing it to break through our support zone and the price is currently fluctuating at the 24125 level. We have two scenarios for the price in mind. We will review both Bitcoin scenarios. Scenario 1: Taking into account the break of the support line that is currently playing a supportive role for us, the price will move towards that line and pullback to it. Scenario 2: We expect the price to remain on this zone and with the attraction of capital it can bring itself back to our first resistance zone. However, if the price is unable to establish itself above the support line and break through it, we expect a further price drop. Suggestion: Those who wish to take risks can half buy at this zone and wait for the other half either if the price establishes itself above the R2 zone or if the price goes to our second support zone which can be attractive for holders.
by MarsSignals
🔥 Bitcoin Stochastic RSI Signal +838% Average Gain? Bullish!If you enjoy this analysis, please give it a like and a follow. The month has not closed yet, but it appears that the slow Stochastic RSI (orange line) will close above the 80 line for the first time since November 2021. I've made several bearish analyses over the last few weeks, but this one is a more bullish one (on average!). Historically, once the orange line from the Stochastic RSI closes above the orange line it means that a pump is coming. 3/4 times a very decent move has occurred from the moment it went over 80, till it crossed below 80. On average, a +838% move has followed. We can say with quite some certainty that a +838% move is out of the question. Still, the market has historically performed well. Personally, I'm anticipating a move like in 2019, where the orange line reached above 80 and moved below it in the following month. Is this bullish to you? Share your thoughts in the comments 🙏
CRYPTO:BTCUSDLong
by FieryTrading
27