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Bitcoin in February 2024BINANCE:BTCUSDT.P Local targets for Bitcoin in February 2024 Possible Targets and explanation idea ➡️12H timeframe Fib is relevant. After bounce from 27 zone we can see drop to 40300 ➡️40300 is a key level what we need to hold forming H&S pattern on 4H ➡️Target for this pattern will be over 46-48k and liquidations over 5 billion ➡️Above we will test again Montly FVG ➡️If we will not hold 40300 road will be open to 36600 ➡️Market Mood indicator in hope zone on 12H need to see "depression" grey zone 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
Alert: Bitcoin Bulls Nearing Breakdown,Is the 2023 Bull Run Ova?Alert! Bitcoin Bulls Nearing a Critical Breakdown - Could This Spell the End of the 2023 Bull Run? In my recent Bitcoin analysis, I explored the possibility of going long on BTC to the range of to 42k-- 46k range while maintaining a cautious bearish perspective. Despite the bulls successfully pushing the price to the specified range hitting 38k exactly but can they still attain 42k?, it's crucial to recognize the enduring control the bears wield over the broader monthly chart. The lack of a definitive signal indicating a break in the bearish trend raises valid concerns. Even though the bulls executed an impressive recovery bounce to 38k, forming a distinct bullish trend channel, the current analysis highlights a significant threat as the bears make their move. In the last few hours, the bears forcefully ousted the bulls from the established channel since the breakout from the 28k range. While the bulls swiftly retaliated to 37k, signs of vulnerability emerged as they faced rejection and slipped below the lower trend channel that had been a reliable support but this support was pierced but recovered back instantly ads bulls did their best but the worries comes if the bulls keeps sitting on this lower trendline without pushing up it only makes it weaker and liable to breakdown soon The immediate challenge facing the bulls is the need to regain entry into the channel and move up from it, with the lower trendline serving as their stronghold. Failing to stage a recovery this week within the channel could mark the end of the bulls' run in 2023, potentially sending them back to the initial stages of the channel at 30,400 down to the 29k range, where their journey began. The only hope for the bulls to avert this impending threat lies in reclaiming and conclusively closing today's candle within the trend channel, or ideally above 37k if they aspire to reach 42k. Falling short of meeting this criterion could lead to a catastrophic breakdown, with the potential target set at 30,400. The pressing question remains: Can the bulls regain control of the ship, or will they succumb to the lurking bears, orchestrating a counteroffensive to rewind the bulls to the inception of their journey? The market eagerly awaits the resolution of this critical scenario. the big question is can the bulls overcome this threat and still make it to 42 before a heavy beakdown occurs on Bitcoin? stay tuned as we will continue to update you. dont forget to like if you enjoyed this analysis.
BINANCE:BTCUSD.P
by MachiavelliTrader
2
BTC (Bitcoin) / USDT (USD Tether) Perpetual Swap Contract ShortBTC (Bitcoin) / USDT (USD Tether) Perpetual Swap Contract Short Setup OKX:BTCUSDT.P Rising wedge + Double Top + Double Rectangle + Enter 35453 + Stop 36036 = 2 on 4 Short Retest Level 30000 Exit 1/2 33033 = RR 1 on 5 = Stop Plus Exit 1/2 30703 = RR 1 on 10 I am interested in your opinion on this algorithm of actions deposit 20% of asset order 20% of deposit leverage ×20 cross margin take profit 25+-% of order stop loss 5+-% of order day loss 1% of deposit RR 1 to 5 Entry on negative news background + At negative mood of trendsetters + No nearby reports, speeches + Bearish chart and candlestick patterns + A pool of indicators signalling a downtrend #DYOR
Short
by FelixVexelman
#bitcoin #btc will go to first 30K ?After large liquidations took in 30600 and 30800 zone, market makers will decide the new movement. Now there' s an important liquidation at 31K and even larger liquidation at 30K. Most of high leveraged longs will be liquidated in 32K area, so 31K may be the direction. But... #btcusdt made bearish pattern SHS in STF and had weakened. In LTF, #btcusd price has been forming a greater SHS too. If 32K will not be crossed permanently, this will happen with a GREAT dump season of weeks. And.. There' s even larger and larger long liquidations under 30K. 25K and 23K have billions dollars of liquidations. I don' t think market maker don' t want to miss these profits. But it will take time, don' t expect everything to happen in a day. It will take weeks. Finally, there are huge GAPs at both 20250 and 36K zone, so i expect a HUGE VOLATILITY incoming weeks. If #btc captures 32 33K zone permanently with weekly closings , the dump scenario will be invalidated. If i were the market maker, i would dump to take the treasure chest under 30K area. So, i wouldn' t be too greedy these days. Just a friendly warning. NOT FINANCIAL ADVICE. DYOR and have a nice week.
Short
by naphyse
BITCOIN ( Is this the final DIP ? )I bought the dip but it just keeps dipping! it's time to put on my bear glasses and check this ponzi chart !! oh yeah As you can see in these patterns the moments everyone ready for breakout, bitcoin dumps to another lower level and kills all hopium that moonboyz, frog army and GM gurus got if you think that you are person who manage to buy the exact number at dip you are wrong too, like people who bought at 60k and had plan to sell at 90k RSI looks bearish like the pattern , I start shorting at 17490 and not going to close it till 16950$ If you got crypto on Huobi and Gemini exchange watch out too funds are NOT safu
Short
by moonypto
74
$FLOKI performing Descending $FLOKI performing Descending Triangle in 1d Yes I am interested to buy here What Is a Descending Triangle Chart Pattern? A descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%. The pattern is flexible and can break out up or down, and is a continuation or a reversal pattern. A descending triangle has one declining trendline that connects a series of lower highs and a second horizontal trendline that connects a series of lows. A descending triangle can be bearish or bullish or a reversal or continuation pattern, depending on the direction of the price breakout. A descending triangle occurring during a price uptrend, with a price breakout above the resistance line, is considered a bullish continuation pattern. (See chart below) Conversely, a descending triangle occurring during a price downtrend, with the price breaking out above the resistance line, is considered a reversal pattern. KEY POINTS The descending triangle has a horizontal support line and a declining slope resistance line. If the price breaks out of the triangle in the direction of the previous trend, it is a continuation pattern. If the price breaks out of the triangle in the opposite direction of the previous trend, it is a reversal pattern.
Long
by UnknownUnicorn26572303
Bitcoin midterm planHi all, Last week there was a lot of news negativity related to SEC lawsuits against binance and coinbase. The top cryptocurrency BTC ETH, showed a moderate decline of 5-7%. Most likely, the consequences have not yet fully affected the price of cryptocurrencies, at the moment, altcoins were particularly hard hit. If the negativity continues, we are in for a continued decline in the altcoin market and BTC, ETH. Macro factor. This week is full of macro data to be released. The most important ones are: - June 13 consumer inflation data, market forecast 4.1% previous value 4.9%. The inflation is likely to go down. - On June 14, the Fed's interest rate decision. Market forecast 78% that the rate will remain unchanged, and 22% that the rate will be raised by 25 bps, to the level of 5.25-5.5%. Also keep in mind that June 16 is the quarterly expiration of derivatives, which also could very well affect the volatility. In last trade I was waiting for a breakdown of the 26000 area to open a short position, or if there was a clear signal to sell at the breakdown of 26700. The breakout occurred, but I did not enter the trade because there was no confirmation of the volume. And as you can see in the chart, on Tuesday the fall was bought off, and later the decline continued. Basically, I understand that the probability of continuation of the fall is high, but to enter a short position from the current price will not because for the stop zone 26700 is suitable, but it may get caught, and I will hit the stop. Therefore, to open a position I want to see another volumetric swing down, which can be used for a stop. Cancellation of my short mood, will be a breakdown of the 28000 area. P.S. this week will be very volatile, these are the main events that in my opinion will influence the market, not the lines on the charts, levels, waves and so on. P.S.S. In such a volatile period it is especially important to follow the trading discipline and risk management. Support for the author subscribe ✅ and start rocket 🚀. Good luck and profit to all.
Short
by Kirill_Gaitan
Bitcoin Head & Shoulders PossibleOn the Daily chart Bitcoin has the potential to complete a Head and Shoulders pattern, like so many altcoins did- so watching for this confirmation of drops below key support is critical. When looking at the Monthly chart, the RSI/SRSI indicators show a likely continuation down, indicating more time is likely needed to shake out this correction. Currently resting on the 13 Moving Average on the Monthly, the 34 and 100 moving averages are shown for reference. A drop below the 13 MA would set us up for confirmation, and a test of the 34 MA. $20K and then possibly a test of $10K are very real longer term correction targets to consider.
BITSTAMP:BTCUSDShort
by kingofkrypto1
3
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) started the weekend consolidating below the $28,000 mark, as market volatility eased on Saturday. Following a high of $28,208.21 on Friday, BTC/USD moved to an intraday low of $27,039.27 earlier today. As a result of the move, bitcoin collided with a floor at the $27,050 level, however, bulls have rejected a breakout below this point. Today’s sell-off occurred as the relative strength index (RSI) fell below its own floor, at the 65.00 mark. the index is now 62.75, with the next visible support point at the 60.00 mark. Overall, BTC has rebounded from earlier lows, and at the time of writing, is trading at $27,655.15. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you.
BITSTAMP:BTCUSD
by CryptoSanders9563
2