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BTC Chart - Bullish / Bearish in short termBTC chart looks confusing one right now. I am super bullish in next 2-3 months. However, there are two scenarios which I would like to share with you all here could play out in short term. Scenario 1: BTC breaks down one more time from this diagonal resistance and daily 200 EMA, and get the liquidity from 50k-52k zone before moving back up. Scenario 2: BTC breaks out from this daily downward resistance, test or break the 64K zone and go back to test the 72k zone again. We need a good positive news like ETH ETF launch and institutions inflows etc. in order to go from this zone. Otherwise, we are going to test the lows first before going back up. Would love to hear other traders opinions and thoughts...
Short
by smwajeeh
3
BTC/USDT Analysis Update!Bitcoin is currently consolidating within an ascending triangle pattern, indicating potential bullish momentum. The price action suggests an attempt to break a crucial horizontal supply zone, which could act as a crucial hurdle for further gains. The formation of an ascending triangle is typically a bullish continuation pattern, indicating the possibility of an upside breakout. Bitcoin is testing a crucial supply zone, where sellers have been active previously. A decisive breakout above this zone would confirm the bullish trend. Consider a long position on a confirmed breakout above the supply zone with strong volumes. A stop-loss can be placed just below the lower boundary of the ascending triangle to manage risk. Look for potential profit targets around the next resistance levels or key psychological levels. This setup needs to be monitored closely as market volatility could increase in the coming days. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
by CryptoSanders9563
BITCOIN UPDATE !Bitcoin continues to consolidate within the descending broadening wedge pattern. The price recently faced rejection at the upper resistance level, indicating a potential downward move. The repeated rejection at the upper boundary suggests strong selling pressure at the current levels. The chart highlights multiple bearish formations, each leading to significant drops, which could indicate a similar scenario if the price fails to break out. The green trendline and the lower yellow zone are potential support areas where buyers might step in. A short position could be considered if the price is rejected at the upper resistance. Place a stop-loss slightly above the resistance zone to minimize potential losses. Target the lower support area around the $51,650 to $50,650 range for potential take-profit levels. Monitoring Bitcoin's behavior near the wedge's upper boundary is crucial to anticipate the next move. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
by CryptoSanders9563
BTC/USDT Long Update Bitcoin's price action continues to develop within the descending broadening wedge pattern, highlighting a potential bearish trend as it faces resistance at the upper levels. As indicated in the chart, the repeated rejections suggest that the price might move downward toward the support levels. Bitcoin has faced multiple rejections at the top of the wedge, each time leading to a significant downward move. The large red arrows in the chart indicate the potential risk of further downward pressure if the price fails to break above the resistance levels. If the price fails to break out to the upside, a drop towards the lower trendline of the wedge could be expected. Waiting for a confirmed breakout above the descending wedge is crucial to enter a long position. Implement a stop-loss below the lower boundary of the wedge to manage risk. If a breakout happens, monitor the key resistance zones around the $66,000 to $70,000 range for possible profit-taking. Monitoring Bitcoin's movement around these critical levels will provide insights into the potential bullish or bearish breakout. Let me know if you need a more detailed analysis! Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other altcoin. @Peter_CSAdmin
by CryptoSanders9563
1
The BTC/USDT 1-day chart shows the following key technical pointBitcoin is currently trading within a descending channel, which indicates a continuation of the bearish trend unless there is a breakout. There is a crucial resistance area around the $66,000 to $70,000 range. BTC may struggle to break above this level without strong bullish momentum. The chart shows a lower trendline acting as support, which is currently located around the $50,000 level. If BTC breaks below this level, it could lead to a more significant decline. The purple line on the chart represents a moving average that has acted as both support and resistance in the past. BTC is currently trading below this moving average, indicating a bearish sentiment. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other altcoin. @Peter_CSAdmin
by CryptoSanders9563
Bitcoin 4h tradeLocal 4h trade for BINANCE:BTCUSDT.P Possible Targets and explanation idea ➡️Waiting full fill or test 4h fvg ➡️Perfect scenario if we will see drop closer to Thursday to 59152 ➡️But most likely we will hold the block around 61200 ➡️4h money outflow BTC. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Short
by Crypto4light
3
BTC/USDT CHART UPDATE !Bitcoin is approaching a crucial resistance area (highlighted in red), which has historically acted as a strong barrier to upward price movement. The chart suggests a potential bullish scenario where BTC could break the descending trendline and head toward the resistance area. If it successfully breaks this level, it could continue the uptrend. An alternative scenario is highlighted on the chart with a red arrow, indicating the possibility of a bearish rejection from the resistance area. If Bitcoin fails to break this level, it could face a pullback towards lower support levels. The lower green trendline represents a key support area. If the rejection occurs, BTC could retrace towards this trendline, which is around the $50,000-$52,000 range, which offers strong support. The chart shows two possible outcomes: A breakout above the resistance zone could lead to further gains. Failure to break the resistance could result in a downward move towards lower support levels. This dual approach highlights how BTC performs near the resistance zone in determining the next direction of the trend. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other altcoin. @Peter_CSAdmin
Long
by CryptoSanders9563
BTC/USDT 50MA CHART ANALIYSIS !The BTC/USDT 1-day chart shows a crucial confluence area, with the 50-day moving average (5OMA) acting as support. Here is a detailed analysis: The resistance area is a strong horizontal resistance area marked in red between $66,000 and $72,000. This area has historically been a supply zone where sellers emerge. Bitcoin is currently holding above the 50-day moving average (red line). This level is important because traders often use it as a key dynamic support or resistance point. The chart has a green arrow pointing to a potential upside move. If Bitcoin can maintain support above the 50-day moving average and break the descending resistance (white trendline), it could challenge the $66,000-$68,000 area. Failing to sustain above the 50-day moving average could push the price towards the lower green trendline, around the $55,000-$58,000 area, which acts as a broad support zone. Bitcoin is in a crucial range, with bullish potential if it breaks above the descending trendline and crosses the $66,000-$72,000 resistance zone. However, a breakdown below the 50-day moving average could trigger further declines. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other altcoin. @Peter_CSAdmin
Long
by CryptoSanders9563
According to the BTC/USDT 1-day chart !According to the BTC/USDT 1-day chart, the strong resistance level around $67,800 is an important area to watch for the following reasons: The $67,800 level historically serves as a significant resistance point, closely aligning with the upper boundary of the recent supply zone. Many traders and investors have likely placed sell orders or profit-taking levels around this price, increasing the chances of BTC hitting resistance when it approaches this area. The price currently respects the descending trendline and the $67,800 level is aligned with this trendline resistance. This convergence of factors strengthens the resistance, making it an important area to monitor for potential selling pressure. Based on recent price action, trading volumes usually decrease when BTC reaches higher resistance levels, but strong volume rejection around $67,800 could trigger bearish momentum. On the other hand, a breakout above this level with strong volumes could signal a significant bullish momentum. As BTC approaches the $70,000 mark, levels like $67,800 become psychologically important, where traders may turn cautious, and large sell orders may accumulate, acting as a barrier. If BTC breaks above $67,800 decisively with strong volumes and momentum, it could signal a trend reversal and a potential move toward the $72,000 – $75,000 range. Rejection at this level and other bearish signals (such as overbought conditions or trendline resistance) could lead to a retreat to lower support levels around $60,000 or $55,000. Do you want me to adjust the analysis or add more details on a specific aspect? Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other altcoin. @Peter_CSAdmin
by CryptoSanders9563
BTC/USDT 4HOUR CHART UPDATE !!Latest BTC/USDT Long Update: Bitcoin is showing strength by rebounding from a crucial support trendline, which suggests the presence of strong buyer activity in this area. This support level has held well recently and continues to act as a solid base for further price action. Ahead lies a horizontal supply zone acting as a key resistance level. A breakout above this zone would provide strong bullish confirmation and signal a possible uptrend continuation. Traders are carefully monitoring this supply zone for any signs of a breakout. A clear move above this resistance could change market sentiment, potentially leading to a more sustained rally. The Bitcoin price action trendline is indicating a bullish trendline with strong support. Traders are looking for a breakout above the supply zone, which would confirm the start of a strong bullish rally. However, if Bitcoin fails to break out, it could lead to further consolidation near this resistance area. Let me know if you want further information or analysis! Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other altcoin. @Peter_CSAdmin
Long
by CryptoSanders9563
2
$BTC DAILY ANALYSIS. IS THE BIG SHORT AT THE DOOR?As I expected in the analysis dated September 15, the link of which I left below, the price first retreated to 57,000 when it was at 60,000 and then continued its upward movement and reached the extreme supply area by taking the high that I expected to be liquidity. It is quite normal for the price to slow down in this area. Since the price is currently in the decision phase, taking trades in lower time frames may end up as stop loss. The internal structure is still bullish and I think the demand area that the price is currently in may react upwards. Then, if I see bearish momentum to kick in and an entry model in the 4H time frame, I will look for sells. Another scenario is using the 70,000 high as liquidity, which is a bit unlikely imo, and then the price falling with a strong bearish momentum. As long as 72000 is not exceeded, and I would expect a daily candle closure above, I think the first range that the price will likely to go is 49000 - 44000.
Short
by alplaila
BTC/USDT CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. The chart shows Bitcoin getting rejected at a key resistance level, as indicated by three rounded peaks. The third peak, marked as the most recent, shows another failure to break the descending resistance trendline. The red arrow indicates a potential bearish move, forecasting a decline in Bitcoin price towards the lower green trendline, which has been acting as a support level since June. This suggests a potential retest of support around the $50,000 – $52,000 level. After nearly touching $66,000, Bitcoin has pulled back and is currently trading around $64,487. The price appears to have been rejected near the resistance area, which aligns with a previous pattern of failure to break out. The yellow moving average line is sloping upwards, but the rejection at resistance suggests that the price may continue to struggle, which is in line with the bearish forecast in the short term. Do you want more information on potential price movements or further interpretation of this chart? Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Short
by CryptoSanders9563
BTC/USDT 1DAY CHART UPDATE ! The white diagonal lines mark a clear downward resistance that Bitcoin has been respecting multiple times, indicated by the red circles. The price is again approaching this level, signaling a possible breakout attempt. The red line seems to be a moving average (possibly the 50-day), and it has been following the price action closely, potentially acting as dynamic support during upward moves. The green price path suggests a possible breakout from the current consolidation pattern. If Bitcoin can break the resistance and hold above, it might follow the projected path toward new highs, potentially around $78,000 based on the chart's projection. The yellow circles highlight previous rejection points, and the price is again near this level. If the pattern repeats, Bitcoin could face resistance around the $68,000 zone before continuing higher. Bitcoin is trading at $65,995.15 at the time of this chart, showing some bullish momentum. This chart suggests a possible bullish breakout scenario. Would you like insights on key indicators to confirm the breakout? Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Long
by CryptoSanders9563
#BTC Still follows my plan (BIG TIME FRAMES)#BTC BINANCE:BTCUSDT *** #BTC still in the correction channel since My Expectation from 22 July 2024 . *** #BTC did not reach 50% FIB level for expecting reversal. *** #BTC Whales holding the price in this range (50k --- 70K) to make their bags empty. *** #BTC Whales will drop the price again to ( 50%FIB & 60% FIB. levels ) to buy cheep again before going to 100K. *** #BTC Whales will never buy in 50K to have 1X only when reach 100K but they will buy in 30K to get 3X when the price reach 100K. *** #BTC may go 70K but still has to come back again to this range (45K--- 30K) and may be less than 30K. *** Think like whales not like a small fish in the market. *** #BTC plan here is for bigger time frames only and this plan may be take very long weeks. ******************************** This is my expectation for next weeks ************************** ****************( MAY BE I AM COMLETELY WRONG, PLEASE DO YOUR OWN PLANS ) ***************** BINANCE:BTCUSDT #bitcoin #BTC CRYPTOCAP:BTC #BTCUSDT #BTCUSD #BTCETH #ETH BINANCE:ETHUSDT #ETHUSDT #ETHBTC #ETHUSD #trade #trading #longterminvestment #Cryptotading #cryptoinvesting #investment ##trading #cryptocurrencytrading #bitcoininvestments #Investing_Coins #Investingcoins #Crypto_investing #Cryptoinvesting
Short
by Crypto_alphabit
4
BTC/USDT 1DAY CHART UPDATE !! The white lines on the chart appear to indicate resistance levels, connecting the recent highs over the past months. The price has struggled to break above these lines multiple times. The yellow circles mark significant points where the price approached or tested the upper resistance, but failed to sustain a breakout. These points often signal rejection from resistance levels. The price movement seems to form a descending triangle (a bearish continuation pattern), with a downsloping resistance line and a relatively flat support level, represented by the green trendline at the bottom. The latest candle shows a price of around $65,319, and it is testing the resistance line again. This could lead to a breakout if the resistance is overcome or another rejection if the pattern holds. Would you like more insights on potential scenarios or further technical analysis? Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
by CryptoSanders9563
BTC Short Risky ScalpTaking a short trade for BTC here. Just following the rejection from the key level. A risky trade, but worth taking the risk. Entry Price: 63457 SL: 63563 TP1: 63307.82 TP2: 63205.55 TP3: 63105.40 TP4: 62890.94 Ideally, we should retest the other 15MIN Key Level at around 63279 and then bounce from there. Plan is to move the SL to entry as soon as the TP1 hits and then let the trade play out. Hopefully, it follows my thinking and we should have another green trade. Good luck and happy trading!
Short
by MoneyChartz
2
BTC/USDT 1DAY CHART UPDATE !The chart uploaded for BTC/USDT on the 1D timeframe shows a crucial resistance level of around $64,000, as marked by the downward-sloping trendline. The chart indicates that Bitcoin has recently approached this resistance level again and is at risk of a pullback, similar to previous rejections from May and August (highlighted by the yellow circles). This trendline, combined with a bearish engulfing pattern, suggests that Bitcoin could soon face another correction, possibly dropping toward the $51,000-$52,000 support area, which aligns with the green trendline on the chart. The descending resistance trendline supports this short-term bearish outlook, with broad downward pressure visible on both the 1D and 4H charts. If a correction occurs, the $51,000-$52,000 range would be the key support area for a potential bounce or reversal. Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
by CryptoSanders9563