BTCUSD1W
#BTC/USDT#BTC
The price is moving in a descending channel on the 4-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 66000
Entry price 66600
First target 58056
Second target 69169
Third target 70000
BTC potential bounce areaBTC / USDT
BTC in downtrend since last visit @ 72k
Where we can see next strong bounce ?
Personally i think the Area around 52k (54k to 50k) can lead to possible bounce
But why ? …:
This area has much supports cluster
This area has big liquidity
Around 52k is the moving average 50 on weekly chart (was the Dynamic support for this bullrun since 2023!)
Keep watching price action there…
Important condition: wicks below moving average are acceptable but not closing below it
Best of wishes
BITCOIN Comprehensive Technical AnalysisHello everyone.
First of all I should say happy new year (Nowrooz) to all iranian people around
the world specially iranian traders community.
Im going to explain how will BTC behave in coming months according to
Elliot wave principles.
As you know wave analysis act better in higher timeframes like Weekly.
So I want to take a look at BTC price action from Nov 2022 that new Elliot Motive wave starts.
You can see the end of wave 3 of a 5 wave move in picture below:
so we are now in the end of a wave 3 in 161.8% fibonacci projection level from the end of wave 2.
furthermore we will have price correction as wave 4.
this wave 4 can be end in 57000 level that is a strong support level and most Fibo retracement levels compress here.
there are a lot of reasons that we will have a bullrun in coming months :
The most important one is Bitcoin Halving and the second one is inflows from approved ETFs
and last one is expected Federal rate cuts.
In chart below you see the overlay levels of Fibo that price will target soon.
Overall in my opinion after a correction to 57000 level as wave 4 , price will go forward to 3 targets ahead as wave 5 (100% level of wave 1) : 85000 , 100000 and 115000.
the most probable target level is 115000 (100% Fibo projection of wave 1)
after that price will correct till the range of wave 4 means 57000 again.
this level (I mean 57000 to 60000) will convert to a strong support level after the price correction.
Hope you like this opinion.
you should make decision on your own opinion but I will be happy if you share your views in comments with me.
Thank you for reading this analysis.
Have good trades
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
Every Fair Value Gap & Volume Gap For Bitcoin {10/02/2024}Educational Analysis says BITCOIN BTCUSD may move in this range for some time according to my technical.
Broker - Coinbase
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because I think It's going to be short selling for Bitcoin this year or up to the end of this year, There is a lot of liquidity as fvg & volume gaps to the downside.
Bitcoin Institutional traders have built a lot of liquidity when the price was very low, I think it's time to collect it and after that go for an all-time high.
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.
Free fall or patienceBitcoin has reached its weekly resistance, on the other hand, it is in a static resistance, and there is also a negative divergence in this currency.
Caution is the best option. If you enter a capital management position, don't forget the important support and resistance ranges.
Follow us and make us happy
$BTC Lost $40k Support Level Today, Key Price Targets To MonitorCRYPTOCAP:BTC has traded sideways within a range with resistance at the white resistance zone (around $44k) and support in the green support zone around $40k. CRYPTOCAP:BTC has lost support at $40k and is at risk of a steep drop. Altcoins will get wrecked here too.
Price levels on the way down:
- The white trendline at $37.5k is the next key support level of interest.
- The orange support zone at $33.6k and $34.9k is my key support zone of interest.
BtcUsd WeeklyWe all saw what happened in the weekly time frame of Bitcoin. Well, this upswing that is happening is slow and from Ichimoku's point of view, a strong upswing has not been formed
So I expect it to move along the red path drawn based on the higher probabilities I guess
and experience another terrible descent
Bitcoin (BTC) Short SetupOKX:BTCUSDT.P Short 1W
Rising wedge
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Entrance 31745
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Exit 18475
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
BTC ready for another jump but …BTC / USDT
After recent huge growth in BTC prices
We can see upsloping flag pattern in small time frames and price just brokekout from it which is very bullish to make another jump
But here is an important condition:
The key level 36k-35.7k must hold
If 4 candle closed below it we might see corrections towards 35-34-33k first before another rise
If you see my ideas help you in your tradings please like follow for more .. iam also free for your opinions and questions to share with me in comments section
BTC overview and ask for your altcoins BTC / USDT
BTC succeeds to breakout the resistance of 32k (monthly resistance) yesterday first time since may 2022! We can see also a successful breakout retest
what does that mean ?
– The 30k to 32k level should act now as support /buy area until broken for the next pump toward 40k region !
– NOTE :
The price has filled the CME GAP at 35k
There is another major CME gap around 21k and in order to fill this one we need a big big FUD ,but for now we cant talk about this scenario as long as we closing weekly above 30k
Summary:
My current bias now is bullish as long as we close weekly above 30k
Don’t forget to show your support by like(rocket) and comment⬇️
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can
The Four Reasons I'm Long On BitcoinOn the weekly timeframe for CRYPTOCAP:BTC :
- A candle closed above the downwards trendline (Forming a bull flag), indicating strength in buyers
- The MACD indicator had a crossover on the weekly timeframe
- Price has been respecting the 21 EMA in the last few weeks. All of my favorite setups include EMAs!
- There seems to be a potential Cup and Handle pattern forming.
- And obviously ... The news about an ETF for CRYPTOCAP:BTC seems very bullish and I can see this continuation!
Given these four reasons, I am bullish on CRYPTOCAP:BTC
Stop Loss / Take Profits
Stop loss: My stop loss on this trade is pretty tight. I put it at a break of low of this week. However, I might wait for a close on the low!
Take Profits:
All of these take profits are set at levels that were areas where there was previous heavy selling pressure.
My plan would be to scale out half of my position at TP1, 1/2 of the remaining position at TP2, and fully out at TP3
Let me know what you think of this trade!
BTC bullish vs bearish scenariosBTC / USDT
After rumors of SEC approved Bitcoin ETF yesterday, price pumped hard and then most of the pump is absorbed …
right now BTC at very decisive area :
1- The Bullish scenario:
Since 2021 the key level (31-32k)is a very strong level, a breakout and stability above is a bull signal and will confirm double bottom pattern
2- The Bearish scenario:
completing the head and shoulders pattern and dropping below 25k will lead to further correction “if happened I believe it will be the last correction”
What is the most likely scenario for you and why ?
All questions and opinions are welcomed
Share with me below ⬇️
An overview of the long-term trend of BitcoinWe have a look at Bitcoin in weekly time
Bitcoin has now reached its daily support and there is one more day left until the end of the week, but the strength is still falling and there is a possibility of reaching the bottom of the long-term Bitcoin channel where it is marked by the magnet. And this is a general analysis.
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Bitcoin's Continued Fall Below SMA 200Introduction:
In recent days, Bitcoin has experienced a significant decline, with its current value dipping below the Simple Moving Average (SMA) 200. This alarming trend has raised concerns among traders and investors alike. As a cautious trader, it is crucial to objectively analyze the situation and consider the potential risks before making investment decisions. This article aims to shed light on the current state of Bitcoin and provide a call to action urging individuals to exercise restraint when considering investing in this volatile cryptocurrency.
Understanding Bitcoin's Decline:
Bitcoin's fall below the SMA 200 signifies a bearish sentiment in the market. The SMA 200, a widely recognized technical indicator, represents the average price of Bitcoin over the past 200 days. When the price falls below this moving average, it suggests a potential shift in the overall market sentiment toward a downward trend. This development should not be taken lightly, as it may indicate further price depreciation in the coming weeks or months.
The Volatility of Bitcoin:
Bitcoin has always been known for its extreme volatility, with frequent sharp price fluctuations. While this volatility can present lucrative opportunities for some traders, it carries significant risks. The current decline below SMA 200 highlights the need for caution, as it suggests a potential trend reversal that could lead to further losses. Traders must weigh the potential rewards against the inherent risks before making investment decisions.
Call-to-Action: Hold Off on Investing in Bitcoin:
Given the current state of Bitcoin and its fall below the SMA 200, it is prudent for traders to exercise caution and hold off on investing in this cryptocurrency. Here are a few reasons why:
1. Market Uncertainty: The recent decline below SMA 200 indicates a shift in market sentiment, making it challenging to predict Bitcoin's future performance. Waiting for more stable market conditions before considering any investment is essential.
2. Risk Management: Bitcoin's volatility demands a proactive risk management approach. Holding off on investing allows you to assess the market's response to this decline, identify potential support levels, and determine a suitable entry point with reduced risk.
3. Diversification: Instead of solely focusing on Bitcoin, consider diversifying your investment portfolio across various asset classes. This strategy can help mitigate risks associated with any single investment, including cryptocurrencies.
Conclusion:
As a cautious trader, evaluating the risks and rewards associated with Bitcoin's current decline below SMA 200 is crucial. The volatility and uncertainty surrounding this cryptocurrency make it prudent to hold off on investing until the market stabilizes. By exercising restraint and considering alternative investment options, you can better protect your capital and make informed decisions in the ever-evolving world of cryptocurrency.
Remember, patience and careful analysis are essential when navigating the complex and unpredictable nature of Bitcoin and other cryptocurrencies.