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Btcusdanalysis

Bitcoin's Shocking Pullback: A Hidden Opportunity for Major GainMade new High inside of Weekly and Daily and now broke back inside of old high and making a new series of Lower Highs and Lower Lows. This is not a longterm of the current picture of BTC. Major Trend is Bullish but we could experience some pull back in the market where Larger amounts of money can now enter again. Trend Analysis: Down Trending Market: The market continues to show a downtrend, with lower highs and lower lows. New Highs and Lows: The chart highlights a recent new high within the weekly and daily range, followed by a breakdown back inside the old high, indicating a new series of lower highs and lower lows. Key Insights: The annotation mentions that this is not a long-term picture of Bitcoin (BTC). The major trend is bullish, but the market is currently experiencing a pullback. This pullback could be an opportunity for larger amounts of money to re-enter the market. Key Levels: New Daily High: Marked at 73,929. 4HR LQZ / TP 1 / Reversal: Marked at 70,229. 1HR LQZ / TP 1 / Reversal: Marked at 53,606. 4HR LQZ / TP 2 / Reversal: Marked at 48,308. Daily LQZ: Marked at 38,398. Chart Patterns: Yellow Trend Lines: Show the descending channel the price is following, reinforcing the downtrend. Labels: Indicate specific market conditions and key points like "Down Trending Market" and the breakdown of the new high inside weekly and daily ranges. Current Price: Current Price Level: Shown as 60,585 with a decrease (-0.14%). This enhanced analysis provides a more comprehensive view, indicating both the current downtrend and the potential for a bullish re-entry. The annotations also clarify that while the immediate trend is bearish, the overall long-term trend for Bitcoin remains bullish.
BITSTAMP:BTCUSD
by Adlercon333
BTCUSDT & SOLUSDT, Mon 05 Aug, Weekly Review!Weekly candle review. Last week's candle was completely bearish. The beginning of the week started with a downward movement. But neither Bitcoin nor Solana reached the 78% Fibo level. Bitcoin reached the price of 48895 and Solana reached the price of 109. Since both (Bitcoin and Solana) are in the discount area and the first day of trading, It is expected that the market will be bullish so that after crossing the 50% Fibo level, they will enter the premium area and then start their downward movement again. Bitcoin will reach 56000 ~ 60000 and then 46100 and 44500 and even at reach 40,500. Solana also rises to the price of 145-160 and then continues its downward movement to 107 and even to 80.
Long
by kevin13433
BTC will probably try to pick up liquidity from both sidesThe chart may be a bit unclear, but I will try to explain what it means: when we first determine the fibonacci after the impulse with $74k, we can see the support exactly at fibonacci 1.21. That gives us the right to look at this as an ABC correction. Below are the FVG of the bit zones : The monthly that has been tested several times plus the monthly candle did not close inside it which is very positive In the last correction towards 53k weekly fvg showed strong support Gap: Which is formed after this impulse shows that fibonacci 0.61 coincides together with that.. For now, everything is fine.. we are in the middle of the range, 60k and lower to watch for a potential long. Below 58k and the closing of larger time frames, the saint structure changes
Long
by learnfromfailure
BTC's Situation: What Shall we Expect ??BINANCE:BTCUSDT Bitcoin is in a cup and handle on the daily time frame, this means that the price can have a good rally after the break. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
BTCUSD - Short Term RSI Divergences and Key Price MovmentHello, Despite the recent bearish trend, the bullish RSI divergence suggests a potential rebound. This divergence often signals a weakening of the bearish monentum and a possible upward price movement. My Bias Bearish in the short term due to the series of lower highs and lower lows. However the bullish RSI divergence suggest a potencial rebound or at least a temporary halt to the downtrend. My Entry/Exit Strategy: Entry Point: Considering the bullish divergence, entering a long position around the current price level of $60,900 could be a strategic move Stop Loss: To manage risk, set a stop loss slightly below the recent low at around $56,000. Take Profit: Potential profit targets could be set around the $64,000 resistance level an d if bullish momentum continues towards the $72,000 peak Future Prospects Watch for a break below the $56,000 support level to confirm continued bearish momentum break above $64,000 signal the end of downtrend and a resumption of bullish activity. For Traders: Given the bullish RSI divergence, consider entering a long position while monitoring key support and resistance levels. Ensure proper risk management with stop losses in place. Regards
COINBASE:BTCUSDLong
by kashifone1
Weekly Recap & Market Forecast $SPX (Aug 4th—> Aug 9th)Hello Investors! 🌟 This week saw volatility surge to levels not seen in over a year, with UST yields sliding to their lowest in months. Renewed concerns about wider conflict in the Middle East, coupled with fears of a rapidly decelerating US economy potentially leading to a recession, resulted in a forced recalibration in the markets. Let's delve into the key events that shaped this volatile week. 📈 **Market Overview:** Volatility spiked dramatically as geopolitical tensions and economic concerns dominated headlines. Renewed fears about a broader conflict in the Middle East and the possibility of a more severe recession in the US led to significant market movements. The FOMC held rates steady, disappointing those hoping for a rate cut. Chairman Powell's focus on employment risks suggested that the committee is nearing a time to reduce restrictiveness, but his message didn't align with the rapidly declining labor indicators. The week ended with a weak July employment report, following a disappointing ISM manufacturing report that spooked markets on Thursday, resulting in risk-off flows and a more dovish outlook towards the Jackson Hole Symposium. **Stock Market Performance:** - 📉 S&P 500: Down by 2% - 📉 Dow Jones: Down by 2.1% - 📉 NASDAQ: Down by 3.4% **Economic Indicators:** US Treasury yields dropped amid a slew of softer economic readings, with the yield curve steepening significantly: - **2-10 Year Spread:** Rose above -10 bps as futures markets and investment houses now foresee a 50 basis point Fed rate cut in September and potentially more than 100 bps in cuts by the end of 2024. - **JOLTS Job Openings:** Showed the ratio of job openings to unemployed workers has fallen back to pre-pandemic levels. - **ADP Employment Data:** Missed estimates, with annual pay growth slowing to its lowest level in years. - **Weekly Initial Jobless Claims:** Hit a 1-year high at 249K. - **ISM Manufacturing:** Missed estimates across the board, with the employment component registering its weakest reading since June 2020. - **July Employment Report:** Payrolls, hours worked, and wages all missed estimates, with unemployment rising to 4.3%, triggering the Sahm recession indicator for the first time since the pandemic. **Commodity Prices:** - **Crude Prices:** Rose early in the week due to escalating tensions between Israel and Iran but sold off later on rising recession fears. - **Gold Prices:** Climbed ~10% through Thursday due to a weaker US dollar but fell sharply after the Friday employment report. - **Bitcoin:** Also sold off sharply after the employment report. **Corporate News:** - **AI and Consumer Spending:** The themes of AI investment and weakening consumer spending dominated earnings reports. - **Nvidia:** Criticized by Elliott Management, suggesting AI is overhyped and in a bubble. - **Arm Holdings and Intel:** Reinforced concerns with Arm guiding lower and Intel announcing a fresh turnaround plan after poor results. - **Apple and Meta:** Reported better quarterly results, affirming significant capex growth for AI in the coming year. - **Consumer Sector:** - **McDonald’s:** Missed earnings and reported negative same-store sales, highlighting competition for value meals and deal-seeking consumers. - **Amazon:** Echoed similar sentiments about deal-seeking consumers, with capex increases tied to AI spending. - **Procter & Gamble:** Reported mixed results, noting market challenges expected to persist until the second half of next year, particularly in China.
TVC:DXY
by WallSt007
BTC Swing Short Liquidity Zones: Sellside Liquidity: Two key levels are identified: - Near-term sellside liquidity around the support zone (approximately $53,423.59). - Mid-level sellside liquidity marked above the current price. Gap Analysis: - CME Gap: Indicated within the blue shaded area, suggesting a potential drop to fill the gap left by CME futures. Current Setup: - The chart shows a potential bearish scenario where the price might drop to fill the CME gap and tap into the identified sellside liquidity areas.
Short
by SerenityEquity
3
Is Bitcoin ($BTC) heading toward a -50% correction Armageddon?Is Bitcoin ( CRYPTOCAP:BTC ) heading toward a -50% correction Armageddon? That is what the weekly chart seems to suggest. I hate to be the pessimistic guy, but you don't need to be a trading and charting expert to see the similarities between 2021 and 2024. What could trigger this massive correction is the incredible pump that the ETF has created. Imagine, for the first time in its history, Bitcoin has reached a new all-time high BEFORE the halving! That proves how much excitement and overheating the market experienced. Unfortunately, the stronger the pump is, the harder the correction will be. We can compare the 2021 chart on a weekly basis, and there are too many similarities for them to be coincidences. Because of the huge ETF pump, the MACD has gone ballistic, and now Bitcoin is way overbought. The main concern is that it is on the weekly chart, so resetting this indicator will take about 2-3 months, which gives a lot of time for the price to move down and up until we finally reach a reversal, likely after an estimated 50% dump. In this scenario, the bull run would have a double peak, like the one in 2021, with another bullish phase once the correction is finished, reaching the final goal of this bull run approximately at the end of 2024. The RSI and volume are also confirming this scenario. The EMAs are positioned at the same distance from the action price. This scenario is scary. We could see a -80% correction in altcoins. I hope to read your comments invalidating this idea, because if this happen, I am definitively going back to work at McDonald!
Short
by CryptoNikkoid
8
BTCUSDT is showing signs of a short-term declineWith the current price of 66850, BTCUSDT is showing signs of a short-term decline. This is evidenced by decreasing trading volume and bearish momentum indicators, suggesting a potential downturn in price. Additionally, there are indications of an impending significant correction, highlighting the possibility of a period of consolidation in the near future. Traders should exercise caution and monitor price movements closely.
Short
by SafeCryptoSignals
4
$BTC may do something like this in this week#bitcoin #btc price is heading to fill CME CRYPTOCAP:BTC futures gap at ~58K while weekly close is approaching. Oscillators will likely turn "Oversold" less than in a day and market may be dipped in around CME gap price. #Stock markets already turned oversold and local dips happened. Whilst a favorable aspect for financial markets is approaching: Sun will sextile Jupiter, the planet of fortune and wealth, i expect markets to go up all the week from now on (Today is new moon, the pivot day). But, beware. This will likely be a relief rally, a bull trap... It's better to be in low risk assets in second half of August. Avoid high risks. Not financial advice.
by naphyse
#BTC scalp setup short you can use leverage# hello folks , hope you’re doing well here is a wonderful scalp entry BTC just reached an area of strong rejection and cleared internal liquidity in LTF and now his is aiming the external one down bellow the previous low. #You can use leverage at your own responsability and according to your risk management plan Don’t forget to boost and support our Ideas to receive more Analysis We are using LEET ALGORITHMIC CONCEPT (LAC) a revolutionary new trading concept developed by LEET TRADERS COMMUNITY and based on the reasoning logic of the most powerful trading algorithms that control all financial markets . very high accuracy, No psychological factor or stress, the only rule is to follow the steps of the checklist until you reach the target ********* WAKE-UP NEO =) follow the white rabbit********
Short
by LEETRADERS
Bitcoin BTC price, new FED rate and Powell's speech 31/07/24Today at 18.00 UTC , the Fed will announce a new rate, followed by Powell's speech. At the very least, increased volatility is guaranteed for the evening, so hedge your positions and uses stop orders and stock up on popcorn 🍿 Trading with leverage during this period is not worth it. 🤫 96% for the rate to remain unchanged - 5.5% 👎 4% for a rate cut to 5.25% today) 🔼 A rate cut is definitely an unexpected positive and a very likely breakthrough of the OKX:BTCUSDT price upwards, according to the 🐳 blue scenario. 🔽 Leaving the rate unchanged + Powell's standard comments: “the dynamics are good, but it's still far from the desired 2% inflation and blah blah blah... - this is a continuation of the correction of the CRYPTOCAP:BTC price to $62000 according to the 💔 red scenario So which scenario is closer to your heart: 🐳 or 💔 ? Write at comment (50 🚀 and we will add BTC.D and USDT.D charts to this idea)
by P_S_trade
11
BTC moved as expected: $60k it is!BTC Update: BTC followed the expected trend. It didn't manage to hold at $64.4k and dropped down toward the $60k support. The price of BTC went as low as $59,850, with a daily closing at $60,698. BTC must hold this $60k support and rebound. I will close my futures long position on BTC if the daily close falls below $60k. If the daily close happens below $60k, I will re-analyze the chart and update it accordingly. For now, this is the trade setup: ~ Entry: $60k to CMP. ~ SL: A close below $60k. ~ Leverage: 5x to 10x. ~ Target: $62.5k, $64.7k, $67.3k, $69.05k. Note: Trade at your risk. Not financial advice. Trade safely, Regards, Team Dexter.
Long
by Dexter_The_Trader
BTC USD - Sunday 4th August 2024Additional Chart for previous idea. BTC-USD BABB 12 Hour Chart Sunday 4th August 2024 We appear to have melted through the channel marked out, but are on target for the Fibonacci retracement levels of $59,460 USD . We have already hit $59,877 and we have a lower fib level of $58,170 USD to hit, which I think we would get a good bounce off to continue trading in the range we have seen the last month or two. I did say in the previous report that in AUD it translates to a $90k to $94.5k AUD buy range, which would be a good entry if you wanted to trade this chop. We are currently at $93k AUD, and did dip into the 92K area. Keep some bids in for some lower dips to lower your average buy price. On the daily, we are on a TD5 count and if this was to be perfected, we are looking at a low on Wednesday 9th August before we head back up into the top of the range. Note there has been weakness in the DXY, and BTC has followed on the news of weak unemployment figures in the US and talks of possible rate cuts in September, all lining up to prop up markets leading into the US elections. Be on the look out for more PsyOps, Cyber Attacks or war flare ups which would increase the cost of crude oil and crash markets. Stay vigilante Crypto Pirates. Snake Plissken signing out Peace in the Middle East. f.society, f.police, f.govt, f.politicians.
INDEX:BTCUSD
by kryptologic