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BTC BITCOIN Technical Analysis and Trade IdeaMarket Observations: BTC/Bitcoin has experienced a remarkable bullish surge. However, the monthly timeframe indicates potential overextension. Moreover, recent price action pushing into previous highs on both the monthly and weekly charts suggests a possible retracement towards the 50-61.8% Fibonacci zone. This area typically attracts increased liquidity, potentially encouraging long positions from institutional investors. Trading Considerations: Counter-Trend Short: Explore a short entry near the current price level, strategically placing a stop-loss above the recent highs. Maintain a 1:1 risk-reward ratio for this trade. Fibonacci Buy: Target a potential buy opportunity close to the 61.8% Fibonacci retracement level. This aligns with the possible accumulation of long positions by larger market players. Utilize a stop-loss below the recent swing low, and define target levels as shown on the screenshot. Disclaimer: This analysis offers my personal market interpretation for educational purposes and should not be considered direct financial advice. Always prioritize your own independent research and thorough risk assessment before making any trading decisions.
OANDA:BTCUSDLong
by tradingwithanthony
Are you ready to Short Bitcoin Yet? {11/02/2024}Educational Analysis says BITCOIN BTCUSD may go short selling for some time according to my technical. Broker - Bitstamp This is not an entry signal. I have no concerns with your profit and loss from this analysis. Because from past week bitcoin has just pumping up to collect Sell Stop hunt from retail traders. I think it's high time for bitcoin to go short!. Let's see what this pair brings to the table in the future for us. 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.
BITSTAMP:BTCUSDShort
by VishalBudhrani
9
BTC BITCOIN Technical Analysis and Trade IdeaRecently, Bitcoin has experienced a period of consolidation within a specific price range, punctuated by occasional spikes that have targeted liquidity. In the video, we analyze the daily time frame to gain insight into the broader context. We examine the market's trend, structure, and price action, exploring a potential trade opportunity. It's important to note that the information provided is for educational purposes only and should not be interpreted as financial advice.
OANDA:BTCUSD
by tradingwithanthony
Is it flight time?Today we start the daily analysis of Bitcoin with patterns. This digital currency is facing the possibility of growth in the next 24 hours according to technical analysis. On the other hand, due to the formation of the head and shoulder pattern in the hourly time and the corner pattern in the 4-hour time, there is a possibility of more growth for this digital currency. We examined the important support and resistance ranges in this analysis at different times
Long
by karaco2022
2
The possibility of growth after the news? Caution is necessaryIn the daily Bitcoin analysis, we said that today we have important news for Bitcoin, so be careful with your transactions at this hour. According to the news, we determined the important support and resistance ranges and also reviewed the possible movement again in the daily time. In 15 minutes, we have a look at the failure of Bitcoin's upward trend and the possible movement that is likely to happen in the coming hours. Also, we determined the possible movement and support range for this digital currency in 4 hours
by karaco2022
BITCOIN: STILL HOLDING ON.Bitcoin is currently maintaining support around the $43,000 level, but the uncertainty in the market raises questions about how long this support-resistance pattern will persist. As we approach the end of the year, here are some key observations providing insights into the potential upcoming movement: 1. In early December, Bitcoin faced resistance at $44,000 and experienced a subsequent decline to $40,000 (-10%). We can see the same struggle at present. 2. The Relative Strength Index (RSI) is showing signs of losing momentum, suggesting a bearish sentiment. 3. The USDT Dominance remains firmly supported at 5.6%. 4. To signal a bullish trend, Bitcoin needs to successfully close above the $44,400 resistance in the daily timeframe. In conclusion, considering the approaching Christmas Eve, which coincides with the weekly close, it is advisable to reduce trading stress meaning 'No leveraged positions', and enjoy your Christmas with friends and family. We will be posting updates related to the market so keep your notifications turned on. Happy holidays. Regards, Team Dexter.
BINANCE:BTCUSD
by Dexter_The_Trader
4
Probability of growth after a correctionIn this analysis, we had a look at the Bitcoin trend in 4 hours and analyzed the next move in this analysis. Also, in the hourly time, we examined the important ranges of support and resistance and the possibility of safe movement and entry for this digital currency according to technical analysis. Given that Bitcoin is at the bottom of its 4-hour ascending channel, we can consider the possibility of growth to be stronger. On the other hand, due to the closeness of the important support ranges, we should consider two steps to enter, which we have provided full explanations in this video.
Long
by karaco2022
1
BITCOIN: A REJECTION OR A BREAKOUT?Hello traders, BTC failed to break above the $44k once again. Does it mean there's no hope for a breakout? Well, to answer that let us dive deeper into this analysis. - The $44k has become a strong sentiment for BTC; somehow, it fails to break and close above this resistance again. - If a rejection is repeated then $40.5k to $40.8k will once again be a strong support but before reaching that low, BTC will be holding another support between FWB:42K to $43k. - Talking about the breakout, BTC has a lot more to offer in this bull run. It doesn't matter if BTC gets rejected again, I would consider it as a good opportunity to accumulate more. Do you remember when $30k was a strong sentiment for BTC, we all expected a breakout above the $30k resistance. The same thing with $44k, sooner or later we will see a breakout. That's it for now. I hope you find this post helpful. Christmas Eve is 4 days away, so have a great time with your friends and family. Don't take a lot of trading stress. Together we will make it big. Regards, Team Dexter.
BINANCE:BTCUSD
by Dexter_The_Trader
#BTC/USDT#BTC Bitcoin price is still moving in the Side channel it is expected to walk through. Price now 38088 $ The price is expected to bounce to the lower border of that channel at the price of 28,329 and bounce from it in the channel's income for a period of time before completing the rise by breaking that occasional channel to the level of 68,000 What I expect next Between Jan to March 2024 Until then, the price is expected to respect those accidental powers. Place buy and sell orders with Stop Loss Take advantage of rebound zones, whether up or down I wish you a happy trade.
Short
by CryptoAnalystSignal
7