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Btc-usdt

BITCOIN - Price can make correction and then continue to move upHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to wedge, where it at once bounced from resistance line to support line. Soon, BTC turned around and in a short time rose higher than $57000 level, breaking it and then making retest of this level. Next, price continued to move up and later reached $65600 level, which coincided with support area. Bitcoin first made a small correction movement, and then broke this level and rose to resistance line of wedge. After this movement, price made a correction to support line, but not a long time ago backed up. Now, I think price can make correction to support area and then continue to grow to $69900 resistance line of wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
HelenP. I Bitcoin can start to rise and break trend lineHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price rose to support 1, which coincided with the support zone, and then rebounded and fell to support 2. Soon, BTC broke this level too and fell even lower than the support zone, but later price backed up and some time traded near support 2. Next, BTC declined to the trend line, after which it turned around and started to grow. In a short time, the price rose higher than support 2, but then made a correction to this level, after which continued to grow. Then Bitcoin reached support 1, and broke it, after which started to trades inside consolidation, where it firstly made a correction to the support level and then rebounded up to the top part of the range. After this, the price some time traded near the top part and a not long time ago dropped to a support level, breaking the trend line. Just now, BTC continues to trades near the support level, so, I expect that BTCUSDT will fall to the support zone and then rebound up, higher than the trend line, breaking it and continuing to move up. For this case, I set my goal at 67000 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
BITCOIN - Price can start to decline inside rising channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it bounced up from support line and rose to resistance line. Then price bounced from this line and fell lower than $56700 level, breaking it and exiting from falling channel. After this movement, BTC turned around and started to grow inside rising channel, where soon it broke $56700 level again. Later price made retest and continued to grow to next level, which coincided with one more support area. When BTC reached this level, it broke it and rose to resistance line of channel, where continues to trades near. Now, I think price can start to decline from resistance line to $63800 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
7
+USDT = +$BTC. target [85k; 90k]dear fellows, it is our belief that USDT marketcap drives BTC price. the recent issuing reached a new ATH for USDT. it is not as yet reflected on the price, because the current trading range was a response to less steepened issuing and current rate is higher. thus, we believe that not just the top is going to be tested, but a breakout comes next. if so, we expect after a retracement, a move reaching somewhere between 85k to 90k. that corresponds to the midline of an upward parallel channel anchored in the bottoms of '18 and '22, and capped by the pick in '21. this same midline was tested before in '19 and early '21. best regards, fernando a. bender
Long
by greenfield_br
HelenP. I Bitcoin will break support level and continue to fallHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price rebounded from the resistance zone and dropped to support 2, breaking support 1. After this movement, BTC at once bounced from support 2 and tried to grow, but failed and dropped lower than support 2, after which reached the trend line. Then the price rebounded from the trend line and quickly rose to support 2 and broke it one more time. After this, the price made a small correction and then made a strong impulse up to support 1, but when it reached this level it at once fell a little below. Soon, Bitcoin turned around and in a short time broke support 1 and even rose a little higher than the resistance zone. But now, price trades in this area, so, for my mind, BTCUSDT will break the support level and then continue to decline to the trend line. For this reason, I set my goal at 63200 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
5
Bitcoin can reach 68K points and then start to declineHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago rebounded down and then started to grow inside the upward channel, where it soon reached the resistance line, but at once made a correction to the support line. After this movement, the price rebounded from the support line and quickly broke the 56900 level one more time, which coincided with the buyer zone and some time traded near this level. Later Bitcoin fell to the support level and at once bounced and continued to grow to the resistance line of the channel, which their moment coincided with the current support level. Price exited from the channel and made a fake breakout of the 63900 level, after which started to trades inside the wedge, where it rebounded from the support line and rose to the resistance line, breaking the 63900 level again. After this movement, BTC corrected to the support area, where it reached the support line of the wedge and made an impulse up, exiting from this pattern. Recently, the price reached 67000 points, and now trades a little below, so, I think the price can rise to 68000 points and then start to decline to the support level. For this case, I set my TP at 63900 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
BITCOIN - Price can make small correction and then continue growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price traded inside flat, where it bounced twice from support area, and on a second try it started to grow. Price exited from flat and continued to grow in rising channel, where firstly it reached resistance line. Then BTC made a correction to support line, after which bounced and in a short time rose to $64100 level. Bitcoin at once bounced from this level and fell a little, but soon turned around and finally broke it. After this, price rose to resistance line and not long time ago made a correction to support level. Possibly, price can decline even lower than support level and then bounce up to $68000 resistance line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
BTCUSDT.1DIn my rigorous analysis of the BTC/USDT daily chart, I explore various technical dimensions that help in shaping an effective trading strategy. Current Market Position: The price of BTC/USDT is currently at $64,002, reflecting a 1.60% decrease in the latest session. This movement indicates significant volatility and necessitates an in-depth technical examination to predict future directions. Trend Analysis: BTC has shown some consolidation after a bullish run, evident from the trading range defined by several key resistance and support levels. The recent price behavior suggests a struggle between bears and bulls to establish control. Support and Resistance Levels: S1 at $58,923.16 and S2 at $53,398.13: These support levels are crucial. A break below S1 could indicate a bearish downturn towards S2, whereas stability or a bounce at S1 might suggest continued consolidation or an upward reversal. R1 at $67,571.03 and R2 at $74,056.94: R1 is the immediate resistance, with R2 providing a higher target in case of a bullish breakout. Surpassing R1 would potentially open the way for a test of R2, signaling strong bullish momentum. Technical Indicators: Relative Strength Index (RSI): The RSI at 58.25 shows that BTC is neither overbought nor oversold, hovering near the midpoint. This suggests a potential for either direction, depending on market forces and upcoming news or economic data. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line but shows signs of converging. This could indicate a weakening bullish momentum or a potential bearish crossover if the trend continues. Strategic Trading Insights: Given the current market setup, my strategy would involve a balanced approach. I would closely monitor the price action near the support level of S1 ($58,923.16). Holding above this level might offer a buying opportunity, anticipating a potential test of R1 ($67,571.03). Conversely, a breakdown below S1 would warrant caution, potentially adjusting positions to prepare for a further slide towards S2. For entry, I'd consider a long position if there's a clear bounce from S1 with adequate volume support, setting a stop-loss just below S1 to mitigate risks. On the flip side, should the price break below S1 convincingly, I'd explore short positions, targeting S2 while maintaining a tight stop above the broken support. Conclusion: The BTC/USDT trading pair presents a complex scenario with significant levels at S1 and R1 likely to dictate the short-term market trend. Traders should stay alert to these pivotal levels and adjust their strategies based on solid technical signals and market dynamics. Implementing stringent risk management and keeping abreast of market news are imperative to navigate the anticipated volatility effectively.
Short
by MarsSignals
Bitcoin can rebound from resistance level and start to declineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a not long time ago entered a wedge, where it at once rebounded from the resistance line and broke the 63700 resistance level, which coincided with the seller zone. After this, BTC fell to the support line of the wedge and then started to grow and when it reached the resistance line of the wedge in the seller zone, the price turned around and rebounded down to the support line. Then price continued to decline, thereby exiting from the wedge and later even fell lower than the 56500 level, which coincided with the buyer zone. But soon BTC turned around and started to grow inside the upward channel, where it some time later broke the 56500 level and continued to trades near this level. A few moments later BTC made a strong impulse up from this level to the resistance level, thereby exiting from the channel and even recently making a fake breakout of the 63700 level. To this day, the price trades near this level and I think that it can rebound from the resistance level and start to decline. So, I set my TP at 60000 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
12
HelenP. I Bitcoin will break trend line and continue to declineHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price rebounded from the resistance zone, which coincided with the resistance level, and made a strong impulse down to the support level, which coincided with the support zone. After this, the price rebounded and some time traded near the support level, after which turned around and dropped to the trend line, thereby breaking the 59000 level. Then price bounced from the trend line and rose to the support zone, but at once rebounded and fell back to the trend line. Next, BTC some time traded between this line and later broke the 59000 level one more time and made a retest. Then Bitcoin continued to grow and in a short time rose to the trend line, broke it, and rose until to the resistance level. But a not long time ago price turned around and started to decline from the 66000 resistance level. So, for this case, I expect that BTCUSDT will reach the trend line, break it, and make a retest. After this movement, BTC can continue to decline, therefore I set my goal at 61000 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
5
Bitcoin Bear-Flag Signal: Prepare For Dump!After the massive losses in June, Bitcoin has at the very least found a temporary bottom in July. In my view, this is nothing more than a temporary pause to let the long-term oscillators get less extreme. The most likely scenario will be that the Bear Flag pattern will play out over the next few weeks. This is a risky bet, since we're going to trade from the top resistance instead of waiting for the price to fall through the support. However, the R/R ratio is much better.
Short
by FieryTrading
62
HelenP. I Bitcoin can grow higher than trend line, breaking itHi folks today I'm prepared for you Bitcoin analytics. Some days ago the price reached the trend line and then at once turned around and started to decline inside the downward channel. In the channel, the price soon dropped to the resistance level, which coincided with the resistance zone and broke it, after which some time traded below and then continued to fall inside the channel. After this movement, the price fell to the support line of the channel, but at once rebounded and rose to the trend line, which is the resistance line of the downward channel also, and rebounded from it. Bitcoin declined to the support line, breaking the 57000 support level, which coincided with the support zone, but soon turned around and made impulse up from this line. After this, the price exited from the downward channel broke the support level again, and now trades near this level. So, I expect that BTCUSDT will correct to the support level and then rebound up higher than the trend line, breaking it. After this, the price can continue to move up, therefore I set my goal at 62000 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4
HelenP. I Bitcoin will make small move down and then start growHi folks today I'm prepared for you Bitcoin analytics. A not long time ago price declined to the resistance level, which coincided with the resistance zone, and some time traded inside, after which rebounded up to 63900 points. After this movement, the price turned around and started to decline inside the downward pennant, where it soon broke the resistance level and fell firstly to the support level, which coincided with the support zone. Soon, BTC broke the 55400 level and fell to the trend line, but then it at once rebounded and rose back, making a fake breakout of a support level. Then price rose a little more and made a correction to the support zone. After this movement, BTC rebounded and rose to the resistance line of the pennant and recently exited from this pattern. Also, it made a retest and now I expect that BTCUSDT will make a small movement down and then start to grow to the resistance level. That's why I set my goal at the 60700 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
12
Bitcoin can reach resistance area and then start to declineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time traded in the seller zone and then broke the 63800 level, after which fell to the current resistance level. After this, the price started to trades inside the range, where it rebounded from the 59100 level and in a short time rose to the 63800 level, but then it turned around and started to decline. The price quickly fell to the current resistance level, broke it, thereby exiting from the range also, and continued to fall. When BTC declined to 53500 points, it turned around and started to grow inside the upward channel, where it in a short time rose to the resistance line of the channel. After this movement, the price rebounded and made a correction to the support line, after which BTC bounced and recently rose almost to the resistance area, which coincided with the current resistance level. In my opinion, the price can reach the resistance area, after which Bitcoin will turn around and start to decline to support line of the channel. For this case, I set my TP at 54750 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
10
BTCUSDT.1DAnalyzing the BTC/USDT chart, it's evident that Bitcoin is at a crucial juncture in its trading pattern. The price of Bitcoin, currently around $57,135.99, lies just above the critical support level at $56,715.39 (S1). This level is significant because it has acted as both support and resistance in the past, indicating its importance in the market's sentiment towards Bitcoin. Looking at the resistance levels, the first major resistance (R1) lies at $67,308.93. This level would be key for any bullish reversal or continuation patterns. Overcoming this resistance could potentially lead to testing higher levels, which might bring the price closer to its previous highs. The RSI at 34.75 suggests that the market is nearing oversold conditions, which might attract buyers looking for value in anticipation of a potential price increase. The MACD, currently below the signal line, indicates bearish momentum, although the histogram shows a slight reduction in downward momentum. Conclusion: Given Bitcoin's position near the support level of $56,715.39, this could be an opportune moment for me to consider entering a position if I believe in a bullish scenario for the short to medium term. I will closely monitor this level for any signs of stability or a bounce, which could suggest a potential reversal. A stop-loss slightly below this support would be prudent to minimize potential losses should the downtrend continue. Conversely, should the price break below this support convincingly, it could indicate further declines, potentially making it a good point to either exit positions or wait for more favorable buying opportunities at lower levels. Additionally, any move above the R1 at $67,308.93 would necessitate reassessing the bullish scenario and possibly adjusting targets to higher resistance levels. As always, integrating this technical analysis with broader market news and sentiment is crucial to fully inform any trading decisions.
Long
by MarsSignals
DOGE/USDT Bullish Breakout PredictionDaily DOGE/USDT Analysis In the daily chart of Dogecoin against Tether (DOGE/USDT), the price has been moving within a descending wedge pattern. Recently, the price made contact with the bottom of this wedge, and with the current bullish momentum indicated by a 7.05% increase, there is a strong possibility of a breakout from this pattern upwards. Technical Analysis: Descending Wedge: Dogecoin has been consolidating in a descending wedge, which is typically a bullish reversal pattern. Recent Bounce: The recent contact with the bottom of the wedge and subsequent bounce suggest a potential upward breakout. Relative Strength Index (RSI): The RSI is at 37.69, indicating that Dogecoin is near oversold territory and may be due for a reversal. Price Prediction: Based on the analysis, it is predicted that Dogecoin will soon break out of the descending wedge upwards. After a potential short-term correction, the price is likely to move towards the target of $0.22888. This presents a good buying opportunity with significant potential upside. Disclaimer: I am not a financial advisor, and these predictions should not be taken as financial advice.
Long
by Maxnalie
Bitcoin can decline a little more and then make impulse upHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price started to decline inside the downward channel, where it some times traded near the 64600 resistance level, which is located inside the seller zone, and later bounced up to the channel's resistance line. After this movement, BTC rebounded from the resistance line and quickly fell lower than the 64600 level, breaking it, after which some time traded below this level and then dropped to the support line of the channel, which coincided with the current resistance level with the resistance area. Then the price started to grow and in a short time rose to the resistance line of the downward channel and left it, after which tried to grow more, but failed and quickly declined to the 59100 level. Also recently, the price broke this level, and made a retest, and at the moment, the price felling lower even than the resistance area. In my opinion, BTC can decline to 56k points, after which the price will turn around and make a strong upward movement to the resistance level. Then it can break resistance level and continue to move up, so, that's why I set my TP at 61000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
7
Bitcoin can make correction to support level and then bounce upHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a few moments ago entered to the range, where it some time traded near the resistance level, which coincided with the seller zone and then rebounded up to the top part of the range. After this movement, the price turned around and quickly declined to the 67600 level, and later broke it, thereby exiting from the range also and continuing to decline inside the downward channel. Inside the channel, the price fell until to the support level, which coincided with the buyer zone, and then made a fake breakout of this level, thereby exiting from the channel. After this, the price tried to grow, but soon turned around and fell back to the 60200 support level. But a not long time ago price turned around and started to grow, so, at the moment I think that BTC can make a correction to the support level again and then turn around and continue to grow. For this case, I set my TP at 65000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
15
BITCOIN - Price can continue to grow to $67200 resistance levelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price made an upward impulse from the support line, which coincided with the support level. BTC broke $67200 level and little rose higher, after which it corrected this level and sometimes traded near. After this, the price bounced and rose to $72000 points, after which it quickly declined to lower $72000 level. Also, BTC broke the support line and continued to fall inside the pennant, where it fell until to support line. Then price turned around and bounced up to the resistance line, and a not long time ago exited from this pattern. Now, I think Bitcoin can little decline and then bounce up to $67200 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
9
BITCOIN - Price can bounce up from support level to $64400Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it fell to $65900 level, which coincided with resistance area. Soon, price broke this level and fell a little lower, but then BTC rose to the resistance area and then continued to fall. Later BTC fell to $60600 level, made fake breakout, and exited from channel, after which started to grow in another channel. Inside rising channel, price rose to resistance line and then bounced back to support level, after which continued to rise. Now, price trades near support line of rising channel, and I think that BTC can make small correction. After this, price will bounce up to $64400, which coincides with resistance line of rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6