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Btcusdanalysis

BTC likely ends week of sept 15th 2024 under 55kBTC hopefully completes the week under 55k to complete the 20 day corrective wave before starting the bull run up. Also could complete the month under 55k if we are lucky to complete a monthly corrective wave, but the 2 week, weekly, and daily timeframes have completed their corrective waves so it is still possible we wont go under 55k and just go higher here. It just looks more likely to finish the corrective wave this week and then switch to bull.
COINBASE:BTCUSDLong
by spipi26
A Trade as Simple as "Shooting Ducks in a Barrel" - BTC LONGDISCLAIMER: This is not trade advice. This is for educational and entertainment purposes only to demonstrate how I intend to participate in this market. Trading involves real risk. Do your own due diligence. People like myself (with average-to-below average intelligence) need a simple strategy. My "Ducks in a Barrel" strategy is exactly that. Simple. Clear. Rules Based. Effective. Zero Discretion. BTC (and several other cryptos, for that matter), are setup for "Ducks in a Barrel" long trades. Lets review the process for identifying these setups. To be clear, this is not a "long now" post. This market is SETUP. This is not a timing tool. We get into the market once we get a technical long TRIGGER on the Daily timeframe. From there, we FOLLOW THROUGH on the trade by managing risk and maximizing profit. Without the TRIGGER, we have not trade. STEP 1: Identify a market with a strong trend on the weekly timeframe. I utilize the 39 and 52 period MA. For uptrends, we want to see both MA's sloping up and pulling away from each other. We see on BTC that the two MA's are still upward sloping and pulling away from each other. This confirms step 1, that we are in a strong uptrend. STEP 2: We need at least 2 of the following to be in unison with the direction we want to trade (in the case of BTC, we need 2 of these to support the long idea). VALUATION: For longs, we need an undervaluation vs Gold &/or Treasuries. STOCHASTIC: For longs, we need to see the market is oversold. SENTIMENT: For longs, we want to see Bearish advisor sentiment (we fade the public sentiment). STEP 3: We see that BTC is Oversold on the Stochastic and is Undervalued vs Gold & Treasuries. This meets our criteria of 2/3 indicators supporting our idea. This market is now SET UP for longs. Now we wait for the TRIGGER. STEP 4: We are waiting for Step 4 in Bitcoin right now. We need to see an entry TRIGGER on the daily timeframe via one of the following entry techniques. 18 Period MA Entry 10 high 8 close MAC w/ Williams Acc/Dis 57 MA Confirmation Entry Stop either 150% of 3 Period ATR, or 2 times the width of the MAC, whichever is greater. There are other entry techniques, but they are higher risk. The two entry techniques above will not catch the absolute bottom, but will ensure that you are buying into a confirmed trend change. Other entry techniques come with the risk of trying to "bottom/top" pick, which increases your odds of several losses prior to the real move occuring. If you have questions about the "Ducks in a Barrel" strategy, feel free to shoot me a message. I hope you all have a great week. And as always..... Good Luck & Good Trading.
Long
by Tradius_Trades
4
Total Crypto Market Cap H&S Invalidation and ForecastWith a quiet week ahead of the CPI and PPI due out this week, it's a good time to look at the Macro chart structure. Sometimes simpler is better, and I've had great success using simple formations like the H&S pattern, which beats Elliot Wave hands down most of the time. In this case, we were looking at a potential inverse Head and Shoulders on the Total Market Cap last week, but that has now been invalidated leaving us with this new wedge formation and a new lower high trendline. I think we have some unclear or negative economic data this week and likely see prices fall across the board and the TOTAL market cap here dip down into the buy range (Green boxes based on aggregate buy limit orders on the order books and using our Order Block Detector). Then we rally into the FOMC and ahead of a possible 50 basis point rate cut surprise, and kicking off a rip-roaring Q4 October to December rally and off to new ATH's on BTC. September is seasonally a down month, so I'd expect more chop until the above plays out. And of course, new information = new decision, so we have to remail open to anything. Some are calling for a re-test of the yearly open around $44k as Bitcion usually does re-test this level at least once during the year, and as of yet hasn't. But I think we'll hold $50k bitcoin on a closing basis and will be buying in the $50k - GETTEX:52K range, as Bitcoin will likely lead the rally, followed by Solana and ETH. Our multi-time frame radar indicator is mixed, so I'm waiting for this to turn Green and our other signals to also turn Bullish, namely our ERI and TSI (Early Reveral Indicator and Trend Strength Indicator - not shown). We'll have to play it week by week and see what opportunities present. Good luck trading, this has been a very difficult area to predict and forecast, and as we can see, there's still heavy sell pressure above. However, on another chart study I shared with M3 members yesterday, there's a massive macro Bull-Flag formation on the TOTAL market cap, with a measured move of $4.8T if and when we can solidly break to new ATH. Our weekly signals show we're oversold and poised to break higher soon, just like we saw in September 2023 and before the big rally we've been enjoying all year! Like and comment below for more like this, and I'll do my best to keep you posted!
CRYPTOCAP:TOTALShort
by BrettFogle
Waiting for a BTC Break From the Current DowntrendPatience pays in trading. Sure one can come in really anytime and start trading on the low time frames, but how do you know you are trading in the right direction? This is where zooming out to longer time frames can give you a better outlook on what the market is actually doing. If you only focus on short term time frames for scalps, you can easily miss the bigger picture and you may actually be fighting against a bigger trend. This is why I always check daily and the 1-4 hour time frames before I go jumping into the 1-5 minute time frames... Yes, I am back trading the 1 minute candle for scalp trades, haha. Because of this, I am seeing that the current downtrend in Bitcoin could be coming to an end, but I want to be sure before I go and start putting in buy orders. We are seeing a BUY signal from the Logical Trading Indicator PRO, but I want to wait until the price actually breaks above the long period moving average. What may be even better is to wait until the basis line (20 WMA) breaks the long period moving average. That is a clear change in trend. Waiting for the bigger trend to turn bullish is a better move, in my opinion, than just jumping in and stabbing away at long trades. For now, since the downtrend is still in play, I am currently looking for shorting opportunities until that bigger trend changes to the other direction. We may very possibly see the 50K-52K level again as there are order blocks stacked up in that area where there are buy orders ready to soak up some cheap Bitcoin. What do you think? Are you bullish or bearish on Bitcoin? Would love to know your thoughts in the comments!
COINBASE:BTCUSD
by thelogicaldude
#BTC/USD ROADMAP to $93000! Stay Strong, Know the Plan!Hello everyone, first off, stay strong—things are going to improve soon! Many people are confused right now and might get liquidated, eventually leaving the market and regretting it later. But not you! You have access to this information. Take your time to read and understand the current situation fully. Special Thanks to my close friend Adison for the valuable insights he shares with the community and me! Please HIT that follow to stay ahead and like this article if it helps! Key Bottom Ranges to Watch For There are two high-confluence zones to look out for that could signal a strong bounce and an upward move: • 50,521 - 50,901 • 46,216 - 46,930 These ranges represent higher timeframe (HTF) bottoms for the overall HTF trend. There’s a good chance that we could see a reversal within one of these zones, leading to a potential upward move. However, if these levels don’t hold, we might see a deeper extension into the 37.7k - 43.5k range, which is an attractive liquidity zone. But this lower range only becomes relevant if the higher ranges fail to hold. That said, both of the above ranges are strong support levels and could propel the price back to all-time highs (ATH) of 70k - 72k or even higher, potentially reaching 89k - 93k. Currently, we’ve already hit 53,400, a key level that’s holding off a potential sharp drop. If we lose this level, we could see a rapid decline to 3k. (Current price: 53,627) Be prepared! We’ve already touched the 52,550 level, which is acting as major support. If it breaks, the ranges mentioned above become the most likely areas for a bounce, although the 52k range could still hold. However, I’m not counting on it, as we’ve previously sliced right through that level. Additional Market Update: • BTC is up 68% in volume. • ETH is also up 68% in volume. Both BTC and ETH have seen significant buying activity during this dip, especially since yesterday, with most of it happening today. On the lower timeframe (LTF), the market is risky as we’re sitting at the final support zone of 52,550. Being the weekend, when mostly private retail traders are active, there’s a risk that they could get dragged down into losses, with many long positions liquidated before we move higher. LTFs are always tricky, and while volume is still low, pumps are easy. I believe that the 52,550 support won’t hold through the weekend. We’re likely to see the above-mentioned levels by the end of the weekend or early next week. Once those levels are reached, the market should stabilize, bringing a healthier, less choppy environment. So it's just about a couple of weeks. Stay strong don't do anything stupid, I'll come up with more information very soon for trade setups on Altcoins. Stay tuned and make sure you follow me. HIt the like if you like it. Thank you #PEACE
COINBASE:BTCUSD
by Cryptorphic
26
#BTC/USDT Weekly Update! $58k first!#BTC Weekly: Closed red at $54,881. Holding the GETTEX:54K support is a positive sign in the short term. However, the price action seems incomplete, with substantial liquidity sitting around the GETTEX:48K and $43K levels (as mentioned in my previous article on BTC). The key focus right now is maintaining the GETTEX:54K level. If we lose this level on the daily chart with a confirmation candle, expect lower levels to be swept soon. That said, as long as we hold the current level, we could see a retest of $58K to capture liquidity. BTC Daily:- The daily chart looks promising, as the price has bounced off the support, with a confirmation candle printing today. Stay tuned, and I’ll keep this chart updated. Hit that like button and share if you like it. Thank you #PEACE
COINBASE:BTCUSDLong
by Cryptorphic
BITCOIN / USDT PAIR ON BINANCE (TECHNICAL ANALYSIS+TRADE PLAN)Technical Analysis of the Chart by Blaž Fabjan: Descending Trading Channel: BTC is trading within a descending channel, showing lower highs and lower lows, which typically signals a downtrend. However, it is nearing the bottom of the channel, often a zone for potential reversal. Support and Resistance Zones: Support: The two orange zones indicate strong support areas around $51,000 and $50,000. BTC may find buying pressure in these regions, especially as it touches the lower bound of the descending channel. Resistance: The current resistance area is around $55,000. BTC will need to break through this level to confirm a trend reversal. Indicators: RSI (Relative Strength Index): RSI is currently around 55, indicating a neutral trend. However, it is slightly moving upwards, suggesting potential bullish momentum, though not overbought yet. Stochastic Oscillator: This is showing a crossover at 74, indicating upward momentum, but it’s close to the overbought region. This may signal some resistance to immediate bullish continuation. VMC Cipher B Divergences: This indicator is showing bullish divergences at several points, signaling potential reversal zones. Divergence with price action suggests a potential trend change in the near term. Trading Plans: 1. Intraday Trading Plan: Strategy: Trade within the current channel. Watch for a breakout from the descending channel, especially on the 1-hour chart. A breakout above the $55,000 level could confirm a short-term bullish move. Look for pullbacks towards the $53,500-$54,000 region to enter long positions, targeting $55,500. Place a stop loss just below $53,000 to protect against fake breakouts. Indicators to Watch: RSI trending above 60. Stochastic Oscillator maintaining bullish momentum. 2. Scalping Strategy: Strategy: Focus on small price fluctuations within the support and resistance zones. Look for quick entries near the support zones (around $53,500) and exits before it hits resistance ($55,000). Scalping in tight time frames (5 to 15 minutes) around these price levels. Key Levels: Enter around $53,500 and exit at $54,500. Place tight stop-loss orders around $53,000 to manage risk. 3. Swing Trading Strategy: Strategy: If BTC continues trading within this descending channel, wait for a breakout confirmation to take a long position. A breakout above the channel and $55,500 would signal a strong move upwards, potentially to $58,000 or higher. Enter long positions if BTC breaks and holds above the $55,500 resistance level, targeting $58,000 and beyond. In case of a further dip, enter long positions around $50,000 support, which appears to be a strong reversal point. Stop Loss: Below $50,000. Conclusion and Long Position Advice: Near-Term (Intraday): BTC could break above the descending channel, leading to a short-term bullish move towards $55,500. Watch closely for a breakout confirmation. You could consider entering long positions on pullbacks or a confirmed breakout. Medium-Term (Swing Trading): A solid break of the $55,500 resistance could lead to a potential rally towards $58,000. Be cautious of potential false breakouts and place stop-losses below support levels. Scalping: For those aiming for quicker profits, you can take advantage of price fluctuations within the $53,500-$55,000 range. Overall, the chart shows signs of a potential bullish reversal, especially if BTC breaks out of the descending channel. For now, conservative traders may wait for a breakout confirmation before entering long positions. However, aggressive traders can consider buying near support levels, keeping in mind the risk of downward movement in case of failure to break resistance.
Long
by elfabiiani
BTC Crash coming to 49k -> Buy the Dip for All time HighsBTC Trade Idea I expect BTC to hit the GETTEX:49K level, potentially dipping slightly lower as it fills a weekly Fair Value Gap (FVG). This zone will act as a key reversal point, where I anticipate a strong bounce and eventual rally back toward the all-time high (ATH). I’ll also show confluence with the XRP chart, which is presenting a similar bullish structure, reinforcing the idea of a market-wide reversal at these levels. Stay tuned for the full technical breakdown!
BITFINEX:BTCUSD
by SerenityEquity
BTCUSDT - one n single area, what's next??#BTCUSDT.. first of all congratulations to all who followed us from last couple of ideas regarding BTC. Market very well followed our analysis and now again market is just below his immediate resistance that is 55700 55800 around Keep close that area thats need your focus actually and if market hold it then another smooth drop on the way. Keep close 55700 55800 and don't holds your buying positions below that level. Good luck Trade wisely
BITSTAMP:BTCUSD
by AdilHussain731333
#BTC/USDT#BITCOIN Bitcoin is moving in a descending channel on the 4-hour frame and the price has reached a strong support area in green at $57,200 There are rising loads from the current support level but it needs upward momentum to be able to reach the targets Entry price $58,000 First target $60,257 Second target $62,236 Third target $64,000 The pattern is canceled if the support level in green at $57,200 is broken In that case, the price will be heading to $54,100, which is a strong support level
Long
by CryptoAnalystSignal