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Btcudst

BTC, When should we expect reversal? FA: The majority of crypto market participants are currently in a depressed mood regarding the medium-term future of the crypto market as a whole. Such behavior of the crowd says first of all that weak hands are not ready to buy now, and the sawtooth movement, which started since March and has lasted for more than 6 months, puts even experienced participants in a stupor, forcing them to close speculative positions, dump risky assets and expect a further decline comparable to the collapse in the spring of 2020. However, a deeper look reveals several significant trends: A drop in the influx of new bitcoins to exchanges. Since the beginning of the year, the number of new coins entering exchanges has been declining. This indicates that professional investors prefer to keep their assets in their wallets, which means they are not preparing to sell. This factor is traditionally considered to be a bullish sign, as a decrease in supply on exchanges may contribute to price growth in case of renewed buying activity. Increased outflow of bitcoins from exchanges. This sign is also positive and confirms the narrative of asset accumulation by smart capital. It can be seen especially well at the moment of price drawdown: during and after aggressive shakeouts, a surge in coin outflows is clearly visible. Despite the globally passive sentiment, the fundamentals of exchange inflow/outflow suggest that strong hands continue to accumulate while the crowd is perplexed by what is happening. Reduced supply on the exchanges and increased demand from large holdings are creating all the conditions for future price gains, our idea is that the market has been in a reaccumulative phase for the past six months. From a technical analysis standpoint , I anticipate a continued downside for BTC. Two potential scenarios may unfold: 1 - Retest of the 4-hour Order Block (OB): BTC could test the 52,000-54,000 range, followed by a gradual reversal, suggesting a more measured recovery. 2 - Retest of the Weekly Fair Value Gap (FVG): Alternatively, BTC may drop to the 47,300-44,000 zone, which could trigger a sharp "V-shaped" reversal with aggressive momentum driving the price higher, potentially towards new all-time highs (ATH). In either case, monitoring key support and resistance levels within these zones will be critical.
Short
by Almenio
BTC BITCOIN Technical Analysis and Trade Idea👀 👉 In this video, we explore BTC, which has recently exhibited bearish momentum with a break of structure on the 4-hour time frame. The pair has pulled back and is now retracing into a critical resistance level. I see potential for further downside and am closely monitoring whether the price holds below the current range low. If a breakout occurs, I plan to enter a sell position, as explained in the video. However, if the price action doesn't align with the discussed setup, there will be no trade. It's essential to understand that these insights are speculative and not guaranteed predictions. Confirming specific price actions before entering any trades is crucial, as emphasised in the video. The analysis offers an in-depth look at the current trend, market structure, and price behaviour. Remember, this content is for educational purposes and does not guarantee success. Trading involves significant risks, so always implement strong risk management strategies. 📈✅
FOREXCOM:BTCUSDShort
by fxtraderanthony
2
Bitcoin analysis - short term idea (longer term included)I've been on a losing streak recently for day trades, but I am optimistic about this trade idea! As illustrated in the chart (90 minute chart), the price of bitcoin is holding steady above $58k (last weeks value high). The orderbook also shows strong bids appearing at this price level (Green dashed line). The first visit to this level resulted in a sustained move up on Tuesday. This is a good sign that shows price is accepting this zone(58k to 62k) and is stabilizing/balancing within it. Just about an hour ago, the green dashed line was revisited. This also cleans up Monday's value area low. Based on this, I am positioned long. See chart for entry, target and stop loss. This short term Bitcoin trade idea is backed by my longer term analysis I posted a little over a week ago. Chart link below for that. Boost and follow for more ideas! Thanks!
Long
by yonitrades
1
#BTC/USDT#BTC Bitcoin price is moving in an upward trend on the 4-hour frame since the beginning of the month The price is strongly adhering to the trend line. Now we have a slight breakout downwards. We are waiting for a rebound from it upwards and a 4-hour close above the trend to confirm the rise and respect the trend We have so far stability above the 100 moving average, which supports the possibility of rising We have a retest of the broken downtrend on the RSI indicator Which gives a selling saturation and increases the chances of rising Current price 66320 The target of rising on two targets The first target is 68000 The second target is 69800 The model is canceled in the event of a 4-hour candle closing below 65000
Long
by CryptoAnalystSignal
#BTC/USDT#BTC Bitcoin price has been moving in an upward trend on the four-hour frame since the beginning of July The price has now touched the rising trend and produced a reversal candle on a 4-hour frame It is expected to retest the level that the price reached two days ago Our target is at 68186 This is supported by the bearish saturation of the RSI aperture The rise also supports stability above the Moving Average 100 And stability is above the current trend The pattern is canceled if it closes 4 hours below the upward trend in orange
Long
by CryptoAnalystSignal
BTCUSDT.P NY AM ICT MODEL 13/07/24 SUNMy short time bias is still bullish for BCT I'm anticipating if there will be some repricing on the discount side of the range (hourly and below). There was a dip once around discount array yes, but that was not too far from equilibrium point of the range. which is good, if after that pricing market went upside parabolically. but since this is Sunday, no news to drive the market to be volatile, I'm still expecting price to drop and then rejected from hourly +OB.. or after hitting the CE on 15m imbalance price will go upside. for the next few hours I'm placing my orders on two levels; 15m SIBI-CE and 1h +OB, with my exits on the current leg's high and stops on opening price of 1h +OB I'll take partials for the former and full exits for the latter
Long
by dzykhq
1
BTC Bitcoin Technical Analysis and Trade Idea 👉🔍 In this video, we analyze BTC Bitcoin. It's evident that BTC has been showing strong bearish momentum in recent times. However, considering today is Friday, I anticipate a potentially sharp retracement as big money wind up their trades for the week and hit stops for liquidity. My strategy involves monitoring the 3-5m chart for signs of sideways movement and a potential reversal, which could present a scalp/day trade buying opportunity targeting the previous bearish imbalance. It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
FOREXCOM:BTCUSD
by fxtraderanthony
3