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Btc-usdt

BTC - Long Trade IdeaBTC looks prime to continue up to take out the plethora of BSL above it's ATH after recently trading into a 3-month BISI. On the lower timeframes, my POI for an entry with the current candles is the 2-day iFVG. On the hourly timeframe, the 4-hour gap within that POI would be interesting to monitor. My stop is below a reasonable swing point that should not be traded into unless a large liquidation is on the cards, but the bodies should respect that I have outlined. My first target is ATH, after that it is completely discretionary as there is nothing on the left side of the chart. For prediction's sake, I am anticipating 100k to be the next milestone for Bitcoin. - R2F
Long
by Road_2_Funded
BITCOIN - Price can little correct and bounce up of the triangleHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price entered to wedge, where it at once declined to support line, which coincided with support level. Then price in a short time rose to $63400 level, broke it, and later reached resistance line of wedge. After this movement, BTC made downward impulse, exiting from wedge and breaking $63400 and $54400 levels. Next, price entered to triangle, where it made upward impulse from support line to resistance line, breaking $54400 level again. But then BTC made a correction movement, after which started to grow, and now it trades near resistance line. Possibly, price can little fall and then bounce up to $66000, exiting from triangle and breaking $63400 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
13
HelenP. I Bitcoin will fall to support level and then rebound upHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price traded near the resistance level, which coincided with the resistance zone, and even made a fake breakout, after which rose a little higher than the resistance zone. Then price entered to downward pennant, where it turned around from the resistance line and made a strong impulse down to the trend line, thereby breaking 65450 with 56750 levels. But soon, BTC turned around and rose to the support level, which coincided with the support zone, broke this level, and made a retest. After this movement, it bounced up and some time traded, after which made a correction movement to the 56750 level and then rebounded up. Later price almost reached to resistance line of the pennant, but a not long time ago fell to the trend line, which is the support line of the pennant and at the moment it continues to trades near this line. For my mind, BTCUSDT will exit from the pennant and fall to the support level, after this price turn around and rebound up, higher than the trend line. Therefore I set my goal at 63000 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
Bitcoin can start to decline from resistance level to 56KHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some time ago rebounded from the support line and reached the support level, which coincided with the buyer zone. Soon, BTC broke this level, but then it made correction to the support line, after which turned around and bounced up until to the 61000 resistance level. When Bitcoin reached this level, it broke it and entered to seller zone, but soon turned around and started to decline inside the downward channel. In the channel, the price broke the support line and fell a little below the 61000 level. Later it turned around and in a short time rose back to the seller zone, after which turned around and bounced down to the support line of the channel, which coincided with the 56000 level also. Recently price started to grow and now continues to grow to a resistance level. For this case, I think that BTC can reach a resistance level and then drop to a support level inside the downward channel. So, that's why my TP is a 56000 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
8
BTCUSDT.4HReviewing the BTC/USDT chart on a 4-hour timeframe, it is evident that Bitcoin has encountered significant volatility with a recent downtrend in play. This analysis will focus on the current technical configurations and their potential implications. Key Observations: Price Movement: Bitcoin has been experiencing a series of lower highs and lower lows, a bearish signal within the observed timeframe. The current price is near a crucial resistance level (R1) at approximately $54,464.85. Resistance and Support Levels: Resistance Levels (R1 and R2): R1 is currently being tested. A break above this could lead to a test of R2 at $61,903.29. Support Levels (S1 and S2): S1 at $48,999.29 and S2 at around $44,000 offer critical cushions where buyers might step in if the price retraces further. MACD Indicator: The MACD line is below the signal line but is showing signs of convergence, suggesting a potential weakening in bearish momentum. However, it remains below zero, indicating that the bearish trend is not entirely reversed. RSI Indicator: The Relative Strength Index is hovering around 50, indicating a neutral position. This suggests that the market is neither oversold nor overbought, providing no strong momentum cues in either direction. Technical Analysis and Conclusion: The market is at a crossroads with Bitcoin testing the resistance at R1. A successful break above this level could indicate a short-term bullish reversal, potentially driving the price towards R2. However, the overall market structure still leans bearish given the recent trends. Traders should watch for either a confirmed breakout above R1, which could be seen as a buying opportunity towards R2, or a rejection at this level, which may lead to a pullback towards S1 or even S2. Trading Strategy: Bullish Scenario: If BTC breaks above R1 with significant volume, consider entering a long position with a target at R2. Set a stop-loss just below R1 to minimize potential losses from a false breakout. Bearish Scenario: Should BTC fail to sustain a break above R1 and shows signs of weakness, a short position could be considered, targeting S1. Placing a stop-loss just above R1 could be prudent to limit downside risk. In either case, it is essential to monitor market news and global economic indicators closely, as external factors can heavily influence Bitcoin's price movements. Adjust trading strategies dynamically to accommodate changes in market conditions.
Short
by MarsSignals
The REAL Bull-Market Has Yet To Come: Here's Proof!In this analysis I want to talk about the M2 Global Money Supply indicator. This indicator basically shows how much money there is in circulation and how much is being printed. The indicator itself is not that usefull since it's just going up (more money is printed over time). However, the rate at which money is printed is more interesting, hence I slapped an RSI indicator on top of it. As seen on the chart, the RSI of the Global M2 shows that Bitcoin tops around the time that the RSI tops. It's not accurate enough for day-trading, but at least useful for to detect long-term moves. The RSI of the Global M2 has always topped around the 70-75 points. It's currently sitting at 60.3, so there's quite some room left to grow (last time it took almost a year to go from 60 >75). Furthermore, we can see that the "real" bull-market or Hype Phase starts once the RSI is above 65 and continues to climb. In short, the "real" bull-market has not started yet and BTC has much more room to grow over the next 1-2 years. Happy to hear your thoughts on this analysis.
INDEX:BTCUSDLong
by FieryTrading
3
BTCUSDT.4HThe chart you've shared for BTC/USDT on the 4-hour timeframe provides a detailed view of Bitcoin's price movement, resistance, and support levels, along with technical indicators such as the MACD and RSI. Here's an analysis based on the information from the chart: Current Situation Price Level: As of the latest data point, Bitcoin is trading at $59,578.58. Recent Price Action: The chart shows Bitcoin experiencing a significant drop followed by a recovery phase where it's currently consolidating. Support and Resistance Levels Resistance Levels (R1 and R2): R1: $63,630.36 R2: $69,107.72 Support Levels (S1 and S2): S1: $54,639.67 S2: $49,811.70 Technical Indicators MACD: The MACD line is below the signal line but appears to be converging, suggesting a potential bullish crossover might occur if buying momentum increases. RSI: The Relative Strength Index is currently at 48.06, indicating neither overbought nor oversold conditions, supporting a potential for either direction in the short term. Analysis and Conclusion From my analysis, Bitcoin is currently in a phase of consolidation within a defined range between the nearest support and resistance levels. The indicators suggest a neutral to slightly bullish outlook in the near term, pending further signals from the MACD and RSI. Trading Strategy Bullish Scenario: If Bitcoin breaks above the resistance at $63,630.36 with significant volume, it could signal further upside towards the next resistance at $69,107.72. Bearish Scenario: A break below the support level at $54,639.67 could lead to a test of the lower support at $49,811.70, indicating a continuation of the bearish trend. Final Thoughts As a trader, it's crucial to monitor these levels and indicators closely while also being prepared for any sudden market movements caused by external factors. Setting appropriate stop-losses and taking profit levels according to one's risk tolerance and trading strategy is recommended.
by MarsSignals
HelenP. I Bitcoin can continue to grow to resistance levelHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price rebounded from the resistance zone to the support level, thereby breaking the resistance level and soon breaking the 56000 level too. After this movement, it fell to the trend line, but at once turned around and made a strong impulse up and broke the support level again. Later, it made a retest and in a short time rose to 61300 level, and even entered to resistance zone, but soon turned around and exited from this area. Price some time traded near the resistance level and then made a small correction movement from this level, after which it quickly came back. Some time later, BTC rebounded from the 61300 level again and dropped to the trend line, but a not long time ago it started to grow. So, I expect that BTCUSDT will make a correction movement to almost the trend line, after which turn around and continue to grow to the resistance level. That's why I set my goal at 61300 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
Looking for Sell BTC around 60600(8/16/2024)Bearish Shadow is still chasing BTC. After a good retracement from the 49-50k zone, BTC faced some selling pressure around the 62700$. The pressure finally pushed the price to 56.1k $ yesterday. right now price action is showing us HH and LH and, we can see Liquidity above the 59800$ and FVG above it. We believe the price will eventually reach the zones as mentioned earlier, then we are looking for a bearish setup around 60600$(this is important!) . Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by fortunamarkets
Bitcoin can rebound up from support line of pennant to 65K pointHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago entered to range, where it at once reached a resistance level, which coincided with the seller zone and then rebounded down to the bottom part of range. After this movement, the price in a short time rose until to top part of the range, but soon turned around and started to decline inside the downward pennant. Later BTC quickly declined until to support level, which coincided with the buyer zone, thereby breaking the 68500 level and also exiting from range. Soon, the price broke the 57500 level too and dropped to the support line of the pennant, after which at once made a strong impulse up. After this movement, BTC broke the support level one more time and some time traded near this level. Next, it reached the resistance line of the pennant pattern, but not a long time ago fell back. At the moment, it trades near the support line of the pennant and I think that the price can make a small movement up first and then correct to the support line again. Next, Bitcoin will rebound up from this line, exit from the pennant, and continue to grow, therefore I set my TP at 65000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
#BTC/USDT#BTC #BITCION The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well The current price is $59,102. It is expected to fall to touch the lower limit of the channel at $57,700, which is the entry price There is a strong support point at this level, green Targeting the upper limit of the channel at $60,000 This boot supports the lower limit as we are still below the moving average 100 But what supports the rise after touching the lower limit is the presence of an upward trend on the RSI
Long
by CryptoAnalystSignal
4
Bitcoin can drop to support level, exiting from pennantHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago rose in an upward channel, where it reached the support level, which coincided with the buyer zone and soon broke this level. Then BTC made a retest and at once rebounded up until to resistance line of the channel, which coincided with the resistance level with the seller zone. After this movement, the price made a little correction, after which broke the 65600 level, and some time traded near, and even made a fake breakout. Next, the price rose to 70000 points and started to decline inside the downward pennant, where it soon broke the resistance level, thereby exiting from the upward channel also. After this, BTC dropped until to support line of the pennant, breaking the 57100 level, but at once turned around and in a short time rose higher this level, breaking it one more time and reaching the resistance line of the pennant pattern. At the moment, the price trades near this line and I think Bitcoin can make movement up, thereby exiting from the pennant and then will fall to the 57100 support level, therefore I set my TP for this level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
BTCUSDT.4HToday, I’m examining the 4-hour chart of Bitcoin (BTC) against USDT on the Binance exchange. BTC is currently trading around $60,155.49, showing a marginal increase of $28.20 in the recent 4-hour period. Key Resistance and Support Levels: The chart illustrates a significant resistance at R1 ($69,107.72), a level that has not been breached recently, suggesting strong selling pressure beyond this point. On the downside, the main support level (S2) is positioned at $49,811.70. There is also an intermediate support level (S1) marked, which could provide temporary relief or halt further declines if tested. Technical Indicators Analysis: • MACD: The MACD line is close to the signal line but remains below it, indicating slight bearish momentum. However, the histogram is almost flat, suggesting a lack of strong momentum in either direction. • RSI: The Relative Strength Index is at 57.57, which is near the neutral 50 mark. This suggests a balance between buying and selling pressures, with a slight tilt towards buying interest. Analysis: BTC’s current position near the middle of its recent range suggests a consolidation phase. The proximity to significant support and resistance levels, coupled with neutral indicators, implies uncertainty in the immediate direction. The market could be waiting for more decisive signals or external factors before making a significant move. Conclusion and Trading Strategy: Given the current setup, my strategy would be one of caution and readiness to act on clear signals. The approach would involve monitoring BTC closely for any significant changes in volume or sentiment that might push it towards testing the resistance at R1 or falling back to the support at S2. A breakout above R1 could signal a bullish trend continuation, potentially making a good buying opportunity, while a drop below S2 might suggest entering a short position or selling existing holdings. Setting stop-loss orders just below S1 and above R1 would be a prudent way to manage risks associated with unexpected market moves.
Long
by MarsSignals
1
HelenP. I Bitcoin can fall lower than trend line, breaking itHi folks today I'm prepared for you Bitcoin analytics. Some time ago price reached a resistance level, which coincided with the resistance zone, and even broke this level and entered to resistance area. Then BTC some time traded near the 63900 level and then made upward movement, after which at once corrected back to the 63900 level. Next, the price repeated movement up to 70000 points, after which turned around and dropped lower than the 63900 level, breaking it. Then the price continued to decline and quickly fell to the support level, which coincided with the support zone and soon broke the 55000 level and fell to the trend line. After this movement, BTC turned around and started to grow near this line and later broke the 55000 level one more time, after which made a retest and continued to rise. A not long time ago BTC rose to 62800 points but recently started to decline, so, for this case, I expect that BTCUSDT will make movement up to almost the resistance level. Then it turns around and falls lower than the trend line, breaking it. That's why I set my goal at 57000 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
11
BTCUSDT.1DIn my latest technical analysis of the Bitcoin (BTC/USDT) daily chart, I've identified several significant technical indicators and price levels that are crucial for understanding the potential future movements of Bitcoin. Notably, the Moving Average Convergence Divergence (MACD) shows a significant bearish divergence, as indicated by the substantial gap between the MACD line and the signal line. This suggests strong bearish momentum, which could mean further declines unless there's a positive crossover in the near future. The Relative Strength Index (RSI) at 31.47 is hovering near the oversold territory, indicating that the selling pressure might be nearing its peak. An RSI below 30 typically suggests that the asset is oversold, which could potentially lead to a price rebound if buyers step back in. Looking at the price action, Bitcoin has recently tested the support level at $49,565.4 (S1). This is a critical point; if it holds, it may serve as a springboard for a potential recovery towards resistance levels at $60,428.64 (R1) and possibly extending to $73,001.98 (R3) if a bullish trend resumes. The chart also depicts a scenario where Bitcoin might bounce between these levels, indicated by the green and red arrows representing potential bullish and bearish movements respectively. However, it's crucial to consider that a break below the support at $49,565.4 could lead to a further drop towards the next significant support level at $38,706.45 (S2). Such a movement would likely confirm the continuation of the bearish trend, necessitating a cautious approach for traders. In conclusion, Bitcoin's market is currently at a pivotal juncture. My strategy would involve closely monitoring the $49,565.4 support level. A confirmed bounce from this level could provide a buying opportunity, targeting the first resistance at $60,428.64. However, a break below this support would be a bearish signal, suggesting potential exits or short positions towards the lower support at $38,706.45. Traders should remain vigilant and responsive to price actions and key technical indicator signals.
by MarsSignals
Bitcoin can continue to decline inside downward channel to $58KHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price entered to the range, where it soon reached the 68300 resistance level, which coincided with the seller zone with the top part of the range and then started to decline. In a short time, the price fell to the bottom part of the range, which coincided with the current resistance level, and at once turned around and quickly rose to the 68300 level. Then BTC exited from range and even rose a little higher than the 68300 level, but soon made a correction below, after which in a short time rose back. Next, the price turned around and started to decline inside the downward channel, where firstly it broke the 68300 level and later declined to the 64000 level. Soon, BTC broke this level too and fell to the support line of the channel, but a not long time ago it rebounded and started to grow. So, in my opinion, BTC can make a small movement up and then continue to decline inside the downward channel. For this case, I set my TP at 58000 points, which coincides with the support line of the channel. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
8
BTCUSDT - Price can bounce up from support areaHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price reached resistance line, which coincided with resistance level, and at once bounced down. Price fell to support area and then started to grow near support line, after which BTC rose back to $63800 level. Next, price broke this level, entered to flat, where it later reached top part and then made correction. After this, BTC rose to resistance line, after which turned around and made a strong downward impulse. Bitcoin exited from flat and broke support line, breaking $63800 level, and recently made a fake breakout of $54700 level. At the moment, I think price can bounce up from support area to $60000 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
HelenP. I Bitcoin can decline a little more and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some time ago price declined to resistance 1, which coincided with the resistance zone, and at once rebounded up to resistance 2. After this movement, it broke resistance 2, which coincided with one more resistance zone, and started to trades inside consolidation. In range, the price some time traded near resistance 2 and then in a short time rose to the top part of a consolidation, where later BTC reached the trend line and turned around. Then price started to decline between the trend line and firstly it fell lower resistance 2, thereby breaking this level and exiting from consolidation also. Next, BTC quickly declined to resistance 1, and broke it recently, after which continued to fall to 49K points. But a not long time ago it turned around and rose a little, so, for my mind, BTCUSDT will decline to 49K points again and then rebound up higher than the trend line. For this case, I set my goal at 55K points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
8
HelenP. I Bitcoin can break support level and continue to fallHi folks today I'm prepared for you BTCUSDT analytics. Some time ago price reached a resistance level, which coincided with the resistance zone, but at once turned around and dropped to the support level. After this movement, BTC some time traded near this level, which coincided with the support zone, and then started to grow to 68200 level. When the price reached this level, it broke it and even rose a little higher than the resistance zone, but soon turned around and made a correction movement below this level. Next, Bitcoin rose until to the trend line, after which started to decline inside the downward channel, where it in a short time declined to the 64200 support level, and even lower to the support line, breaking this level. But a not long time ago price turned around and come back to the trend line, which is the resistance line of the channel also. Now price trades very close to the support level, so, for this case, I expect that BTCUSDT will reach the trend line again and then rebound down, breaking the support level. That's why I set my goal at 61400 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
HelenP. I Bitcoin will continue to move up inside upward channelHi folks today I'm prepared for you BTCUSDT analytics. If we look at the chart we can see how the price a few moments ago reached support 1, which coincided with support zone and at once rebounded and quickly dropped to support 2. Then the price broke this level and fell to the trend line, after which turned around and started to grow inside the upward channel. Soon, BTC broke support 2, which coincided with one more support zone, and rose until to the resistance line of the channel. After this, the price made a small correction movement and then broke support 1, but some time later it turned around and dropped to the trend line, which is the channel's support line. Then price rebounded and rose higher than support 1, breaking it again and at the moment, the price continues to grow in an upward channel. For my mind, BITCOIN will little correct and then continue to move up, therefore I set my goal at 73850 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
9