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BTC/USDT.P Trade setupSwing Trade: if today's daily candle closes confirming the lower high, I would be interested to get into a swing short as we are likely retracing further down for a lower low retest some of the previous broke out areas. However, if in 7 hours and today's candle closes bullish and continues the the trend upwards, then this idea would be invalidated. I would not get into this trade until the this daily candle closes. It is Friday, and price action can get crazy (as you can see for the past few hours lol), trade safely.
Short
by Nate36989
BTC/USDT.P Market AnalysisHey guys, happy Friday. The analysis today will be an interesting one as we close out the week. Although recent price action has been relatively bullish, we have only closed above the most recent swing high trend line. That means the buyer dominance isn't as strong or will need more liquidity to push through the next level (yellow circle). Until we have a break out of that level, I think we might see more swing actions especially on Fridays. We are currently getting a local rejection off the bearish OB that was created a few days ago when we initially reached this most recent swing high, depends on which direction it breaks, you might want to place your trades accordingly. I think we have hit a local high for now and I would be more bullish if we can have a daily candle close above the trend line zone, I would add to my longs then. Until that happens, I'm going to hedge in a short, take some profits on my previous long setups and speculate. **Fridays are usually volatile especially during NY sessions, trade safely** @Nate Alert
by Nate36989
BTC new ATH?As of October 2024, Bitcoin is in a strong but somewhat volatile position. The price has recently surged to around $68,000, which reflects a broader market rally, but has also shown fluctuations due to increased volatility and geopolitical factors. Bitcoin's market dominance has reached nearly 59%, the highest since 2021, indicating its continued strength relative to other cryptocurrencies. This rise is largely driven by factors like growing interest in Bitcoin exchange-traded funds (ETFs), which have surpassed $20 billion in inflows. But now, BTC is coming out from the trend line, new ATH is coming?
Long
by xMoranTomx
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $65,789 resistance came in effect as expected, called the upside on point and just about 8 hours before it went BOOM! $68,546 resistance now in effect, tested once and resistance still holding, $66,961 current support which has been tested already, same has played as key support several times before, previous 1D closed weak, while volume is also dropping on 4h, RSI on 1D hovering right below overbought region while on 4H it is in overbought region, expect struggle here, some sideways movement in short term, should be good as long as the support holds, $66,323-$65,789 next key support area, next resistance areas to watch are $69,296, $70,463, & $71,304-$71,981, then we just go for the top!
COINBASE:BTCUSD
by limitlessnash
1
BTC's Accumulation Phase: Identifying Cycles and Support ZonesH ello, BTC has been in accumulation since spring this year. The white dotted lines show the accumulation curves. There are multiple cycles, each with a pump and a dump arm. The cycles might be different in size, but they share the green bottom support zone where large investors prefer to buy. Bitcoin has a bullish cross signal from the MACD indicator at the bottom. However, the current price is far above EMA 20/50/100/200. Thus, a dip might manifest to correct the price per the EMAs. There's a high probability that players will buy the dip, though and the bull run can continue. I wouldn't buy now because of the potential dip and because the price's at the falling trendline resistance. I aim for long positions, but I'd wait for a correction first and closely monitor how the price reacts around the falling resistance. Regards, Ely
BITSTAMP:BTCUSDLong
by Elysian_Mind
BTC Technical Analysis👀👉 Bitcoin is currently exhibiting an overextended bearish move and has reached a key support level, where we are seeing signs of a retracement. There are three specific resistance levels above the current price that could serve as potential retracement targets. I’m monitoring for a selling opportunity if price moves into one of these zones and shows a structural break to the downside. Until this price action unfolds, there is no active trade setup. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always assess your risk and consult a financial professional before making trading decisions. 📊✅
by tradingwithanthony
BTC Bitcoin Technical analysis and Trade Idea👀👉 BTC is showing a solid bullish trend on the higher time frames, and I'm closely watching for a potential buying opportunity based on key conditions outlined in the video. We'll explore the critical price action signals to watch for and how to position yourself effectively to capitalize on the next move. Disclaimer: This analysis is provided for informational purposes only and should not be considered financial advice. 📊✅
by tradingwithanthony
7
Bitcoin will break 7 month Bullish Flag?Hey traders! Here we are, as we thought we touched 59K and we came up. And we're still moving in a long 229 day bullish flag, and hopefully we could break it soon. The next resistance target is around 68K and if we're going to break this level, plus volumes will confirm and will see short correction if RSI will be oversold we can go upwards strongly! But don't forget to pay attention for 1 Day MA which is still bearish, volumes that are still descending and RSI. What's your thoughts?
Long
by SheTradesHub
BTC next move BTC gave a choch and bos conformation of small uptrend market came without taking a supply from trend change area and there we can see FVG so trend have to collect that FVG for continue sell trend or break there structure for uptrend 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
BITSTAMP:BTCUSDLong
by TRADING_MASTER_DAVIS
Bitcoin 70,000! Can Milton Stand in the Way?Bitcoin: 70,000 or 40,000? Bitcoin is at a critical juncture, with the price poised to either break through to new highs at 70,000 or drop to as low as 40,000. Bulls are eyeing a breakout above key resistance levels, which could lead to a sharp move upward. However, bearish forces, including macroeconomic factors and potential market sell-offs, may push the price down toward critical support. The next move will likely be driven by major events, market sentiment, and global factors. Will Bitcoin soar or correct sharply? Stay tuned for the next big move!
Long
by BuySellStyle_engl
BTC UPDATE 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
BITSTAMP:BTCUSDLong
by TRADING_MASTER_DAVIS