Btcudst
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Tested $66,961 on Friday as expected, revisiting key support at $66,323. Finally above $68,546 on 3rd attempt, $69,813 testing. Bullish engulfing on last 1D close and RSI also looking good on 1D, expect $71,379 test if followed thru, $68,546 support yet to be tested, it will be key support if held.
BTC Bitcoin Technical Analysis and Trade IdeaThis video explores a potential Bitcoin trading opportunity using technical analysis. We'll examine the current trend, price movements, and market structure to identify a potential entry point should favourable conditions materialize, as detailed in the video. It's crucial to remember that sound risk management is an essential component of any trading strategy. As always, this presentation is for informational purposes only and does not constitute financial advice.
BTCUSDT Short trading ideaOKX:BTCUSDT.P
Short trading idea
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Head and shoulders
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Rising wedge
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Fibonacci retracement 0.618
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Fibonacci retracement 0.786
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Retest level 30000
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Enter 61175
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Exit 53921 + 47241 + 31047
I am interested in your opinion on this algorithm of actions
deposit 20% of the asset
order 20% of deposit
shoulder ×20
cross margin
take profit 25+-% of the order
stop loss 5+-% of the order
day loss 1% of deposit
RR 1 to 5
Short position
Enter against a negative news background
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When trendsetters are in a negative mood
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No upcoming reports, speeches
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Bearish chart and candlestick patterns
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A pool of indicators signals a downtrend
#DYOR
BTCUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
My midterm (6-10 months) expectations on BTC.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
DYOR!
#BTCUSDT
#BTCUSDT
Potential Deep Correction Looms
Following a significant surge, Bitcoin has undergone a dramatic decline, signaling a possible deep corrective wave. This sharp fall has engulfed several candles, suggesting strong selling pressure.
The presence of a valid and robust bearish engulfing candlestick pattern (CH) further reinforces this potential correction. Additionally, two significant Fair Value Gaps (FVGs) reside at the bottom, acting like magnets, potentially attracting the price downward.
The analysis identifies short-term Take Profit (TP) targets. However, its validity ceases once a daily candle closes above the supply zone.
Therefore, traders should only consider sell or short positions within the established supply range
BTC - 18K ZONEHello All,
It's been a while since I published anything, this is my current view of BTC play.
I'll watch how BTC will react with the ascending channel, then the support line at 18k ( this is my first add ).
I'll keep adding to my bag everything below 18k$ until 15k$
*THIS IS NOT A FA, I ONLY PUBLISH TO DEVLOPE MYSELF AND SEE HOW MY CHARTS GOES.
AVAX LONG Future ForecastHello friends,
With Bitcoin breaking its all-time high, we are on the verge of entering a mega bull season. While Bitcoin has led the bull run so far, and although the altcoin market has shown some upward movement, it's premature to say that the altcoins' rally has begun. I believe the real surge for altcoins will start from today onwards. AVAX, which has shown strong performance even during the pre-ATH bull season, I anticipate will continue its performance more efficiently in the coming days.
Looking at the situation technically, in the short term, we are within a cup and handle formation, and we have reached our initial target of (50.03$). If we break the target resistance, the RSI on the 4-hour and daily charts will turn into overbought territory from the 70 levels, and according to the formation, our next target will be 59.20$, triggering overbought conditions on the daily chart and initiating a new daily uptrend wave. Easily, we will reach our current resistance levels (79.91$, 99.42$, 127.38$) and then ATH (148$) levels.
Stay tuned for more gains, my friends!
Wishing you all profitable trades.
last long in a mid rally momentumwell this is so obvious as well. buy now and sell around 83-88
be aware about some important signs:
1-new rally means unknown market possible tragedies(whales are always starving)
2-each bullish momentum needs strong corrections
3-DO NOT FOMO think about loss rather than 10x profit
4-follow me to get new updates and it cause good motivation for me to share my analysis daily
#BTCUSDT Long#BTCUSDT
We have the cup model configured perfectly.
The cup hand was formed and the breakout to the upside occurred
We have upward momentum and there are target areas that can act as a resistance area as well as a rebound point if we fail to break through it.
We have the 49,000 level as an initial target and resistance area at the same time
If we succeed in breaching it, we have a target for the previous peak, level 68,000.
In the event of a rebound from the 49,000 level, it is expected to touch the rising trend
You must pay attention to the retracement areas to benefit from the best retracements.
As well as exploiting the penetration of those levels
#BTC/USDT lONG
#BTC
took a breather last night, but don't sweat it! This pullback is just a bump in the road, and the trend is still pointing upwards.
The price is chilling below $43,700 for now,
but I'm expecting a rocket launch soon. Buckle up,
next stop $45,300, and if that goes smoothly,
$47,500 is calling our name!
Scalping Idea For Trading Bitcoin today {10/03/2024}Educational Analysis says BITCOIN BTCUSD may move in this range for some time according to my technical.
Broker - bit stamp
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the 15-minute time frame has made Change of Character show signs of weakness of the bull run, maybe head short selling for discount level in 4 hour time frame, plus 1 min time frame has turned bearish also has Change of Character look on
So I will be trading this pair for a 1:15 risk-reward ratio for short selling.
Let's see what this pair brings to the table in the future for us.
Btc Short at 69,196
Stop loss at 69,556
Take profit at 63,409
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
Bitcoin Technical Analysis: Key Resistance and Potential RetraceBitcoin (BTC) has recently encountered a crucial resistance level at its previous all-time highs. Given this development, we anticipate a substantial retracement in price. However, our outlook remains optimistic, with the potential for a continuation towards the $80,000.0 mark.
Our trading strategy involves closely monitoring the 1-week timeframe. Specifically, we aim to enter the market during the 50% to 61.8% Fibonacci retracement zone. Our profit target is set at 2R, emphasizing risk management and reward-to-risk ratios.
Disclaimer: This analysis serves as an opinion and should not be construed as financial advice. Traders and investors should conduct their due diligence and seek professional counsel before making any trading decisions.
bitcoin will fall below $54Kin multi time frame bitcoin 3th wave of elliote is finished and the 4th wave will be coming.
first buying area is $51k and if the box doesn't work as a support zone, price will goes to discount zone which is start from $39700.
below this level is a awesome opportunity to buy and a new ath.
any wicks above $64001 is just B wave from 4th wave.
Bitcoin is still running, but it is close to its important resisWe are on the last day of the second month of the year, that is, the closing of the Bitcoin monthly candle.
In the technical analysis that we presented today of Bitcoin, we have a look at the monthly candlestick and the important monthly resistance of Bitcoin and what should be done with this resistance.
Bitcoin continues to flow and yesterday in the analysis we said that the closing hours of a time can always be associated with extreme volatility, and this can exactly apply to the monthly candle as well.
78k: New ATH aheadBitcoin is pumping heavily since a few weeks and many traders are wondering when the next correction will happen.
I expect a minimum target of 63'000 US-Dollars before a bigger correction. More likely from my point of view is a new ATH around 78'000 Dollars. This might happen close to the next halving in April when everyone expects a pump due to the event. But in reality, BTC will do the opposite and experience a 50-62 percent correction to around 58k and below. This would present a nice long opportunity. Once correction is done, BTC will pump heavily towards 6-digits.
Thats what I think. Please let me know your thoughts.
Best,
Don Krypto
BTC/USDT BinanceBTC/USDT Binance
4H hollow candlesticks
After a price rise of +25%, a Fibonacci channel has formed, combined with an Ascending triangle.
As there are also new Support & Resistance points.
From here, we can conclude the following:
At the end of the Ascending triangle, there will be a price break out.
The price must break the golden ratio of the Fibonacci channel so that moves to higher levels.
We can see a hypothetical price future move from a repeated previous move (Bar Pattern / Fractal) from early November 2023.
It is worth noting that the volume has increased significantly.
Market Cap: $1.65T -0.04%
24h Vol: $45.94B -7.70%
Dominance:
BTC: 52.3%
ETH: 16.3%
Good Luck
#CryptoHellas Team
BTC BITCOIN Technical Analysis and Trade Idea#BTC's recent bullish run has been noteworthy. However, I'm watching for a potential buying opportunity if we see a decisive retracement down to the 61.8 Fibonacci level. A subsequent retest and failure of a range at the low around the current support level formed during that pullback would provide a strong entry signal for #Bitcoin. As always, it's crucial to remember the inherent risks of trading. Conduct your own thorough research, factoring in fundamental market drivers and the broader macroeconomic landscape alongside your technical analysis. Never neglect sound risk management strategies to protect your capital.
Disclaimer: This analysis offers a technical perspective on BTC and should not be taken as investment advice. Tailor your trading decisions to your specific risk tolerance, informed by comprehensive market research and a holistic assessment of all relevant factors.
BTC BITCOIN Technical Analysis & Trade IdeaBitcoin (BTC) has enjoyed a robust bullish run, but recent price action on the four-hour 4H chart indicates potential weakness. Since February 13th, BTC has entered a sideways consolidation phase. I'm anticipating a sell opportunity should we observe a decisive break below the current range low, followed by a retest and failure of that level. Potential targets for this trade would align with prior swing lows.
It's imperative to emphasize that trading carries inherent risk. Before executing any trades, it's vital to conduct your own extensive research. Consider both fundamental market drivers and global macroeconomic conditions alongside your technical analysis. Always implement sound risk management practices to safeguard your investment.
Disclaimer: This analysis presents a technical viewpoint on Bitcoin. It should not be interpreted as investment advice. Base your trading decisions on your own risk profile, comprehensive market research, and a thorough assessment of all relevant variables.