BTCUSDT 4H New momentum zoneBTCUSDT 4H New momentum zone
After consolidating prices in the 63k zone, BTC has just touched the bottom of the current bullish channel.
LEVELS:
SL: 62600
TP: 65500
RESISTANCE: 68000
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Btcusdanalysis
Bitcoin analysis today Pump after the failure of 65 thousand or In today's Bitcoin analysis, we reported the most important move and decision of this currency.
Breaking 65000 means the beginning of a strong growth for Bitcoin and not breaking this price means another correction...
On the other hand, in the Dominance Tether review, we announced the support of this index and the possibility of its small growth, which if it cannot break its resistance, will be considered as a spark for a further fall and the growth of the digital currency market.
Also, we determined the important support and resistance ranges in the worst case and gave our opinion as a guide for you companions.
We also talked about the possible movement of Bitcoin in the next 24 hours.
Watch this analytical video for more details.
Bitcoin: Strong Bullish Momentum AheadBTCUSDT technical analysis update
Currently, Bitcoin has been trading within a range for the past 200 days.
From March 2023 to October 2023, the price fluctuated between GETTEX:25K and $32K for 224 days before breaking the range and bouncing over 130%.
Now, we are observing a similar pattern, with Bitcoin trading inside a rectangle since February, between $53K and $73K. The price is approaching a potential breakout, which could occur within a month. Once the breakout happens, we may see a strong bullish move.
Regards
hexa
Bitcoin (BTC/USDT) on daily chart - technical analysis+price preTechnical analysis Bitcoin (BTC/USDT) on daily chart by Blaž Fabjan
Price Range: The chart shows a long-term descending channel with resistance at the upper trendline and support at the lower trendline. The price is oscillating between these two levels.
Current Price: $63,532.74 as of the timestamp on the chart.
Support and Resistance:
Resistance is marked around $68,000 to $70,000.
Support is marked around $55,000.
Indicators Used:
RSI (Relative Strength Index): The RSI is currently around 63.05, showing slight bullish momentum but nearing overbought conditions.
Stochastic Oscillator: It shows an overbought condition with values above 80, indicating the potential for a pullback.
VMC Cipher_B_Divergences: This is a volume momentum indicator, showing possible divergence signals, with some indications of bullish divergence.
Patterns and Predictions
Channel Pattern: The price has been respecting the descending channel with a number of touches on both resistance and support lines. Currently, the price is near the midline of this channel.
Potential Move:
In the short term, the price could follow the channel’s structure and retest the support around $60,000 or even $55,000.
After touching support, a potential bounce is expected, which could lead the price to test the upper resistance of the channel at $68,000–$70,000.
Trading Plan
Short-term Bearish Scenario:
Entry: Consider entering short positions if the price fails to break the mid-channel line (around $64,000) and shows signs of reversal, with targets around the $55,000 support.
Stop-loss: Set a stop-loss just above the resistance line at $68,000.
Take-profit: Look to take profits around $60,000–$55,000, depending on risk appetite.
Long-term Bullish Scenario:
Entry: If the price successfully tests support ($55,000) and shows bullish reversal signals, consider entering long positions.
Stop-loss: Place a stop-loss slightly below the support zone ($52,000).
Take-profit: Initial target could be the upper boundary of the channel at $68,000, with an extended target beyond $75,000 if the price breaks out from the descending channel.
Breakout Scenario:
A breakout above the $70,000 resistance with strong volume could indicate the start of a bullish trend reversal.
Entry: Consider entering a long trade on the breakout above $70,000.
Take-profit: Target $75,000 to $80,000.
Risk Management:
Given the overbought conditions on the stochastic indicator, caution should be taken with long positions unless a strong confirmation of support bounce occurs.
Monitor volume and divergence signals from the VMC Cipher_B_Divergences indicator for additional confirmation.
This analysis assumes a near-term continuation of the channel pattern, with a possible bullish breakout in the longer term if price action shows strength at key levels.
Bitcoin BTC price trading plan to the end of 2024Last week was full of macroeconomic events, we write about it at previous idea
The cryptocurrency market took them positively and grew on rumors.
There is a legendary quote: “Buy on rumors, sell on facts.”
Therefore, we do not rule out that this week OKX:BTCUSDT and the crypto market in general may plunge into correction.
Still, we need BTC.D - 57.7% and USDT.D - 5.50% to fall significantly lower for the market to really “come to life”
Fear and Greed Index (neutral) - 50
As long as CRYPTOCAP:BTC price is above $57,000 , it is globally in an upward trend and at the same time in a protracted consolidation since May 2024.
Perhaps a confident exit from this consolidation will take place in November, after the US elections on 05.11 and the next Fed rate cut on 07.11
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BTCUSDT / BREAKOUT THE DESCENDING CHANNEL - 4HBTCUSDT / 4H TIME FRAME
HELLO TRADERS
1. August Price Movements:
- Early August: The price declined by 29.54%.
- Mid-August: The price increased by 32.55%.
2. September Price Movements:
- Early September: The price declined by 18.96%.
- Mid-September: The price increased by 14.37%.
Technical Analysis:
1. Current Market Condition:
The asset is under bullish pressure following a breakout from a channel , As long as the price remains above 60.767, the bullish momentum is expected to continue.
2. Upward Condition:
- Target 1: If the price trades above 60.767, it's expected to rise to 65.015.
- Target 2: If the price stabilizes above 65.015, the next target is 69.573.
3. Downward Condition:
- If the price falls below 60.767, it suggests a potential decline:
- Target 1: A decline to 56.154.
- Target 2: If it breaks below 56.154, further decline is expected to 52.679.
BTC Bitcoin Technical Analysis and Trade Idea👀 👉 BTC has recently broken market structure to the upside, signalling a potential bullish opportunity. The breakout is evident on both the daily and 4-hour charts, suggesting a buying setup could be forming. In this video, we’ll analyse market structure, price action, and focus on the prevailing trend. We’ll also highlight a potential trade setup, contingent on the price action aligning with our outlined scenario.
**Disclaimer:** This content is for educational purposes only and should not be interpreted as financial advice. 📊✅
BTC Let's wait for the breakout at 64-65k range. LOOKING GOOD !First of all, I want to be very clear that all the checkmarks are the predictions we have been making over these past few months. Each checkmark is a confirmation that the price moved on our side.
To verify this, you can visit my Trading View page and check my analysis history, which I’ve shared with you every weekend.
Now, let's get into the Bitcoin analysis:
If we look at the overall structure of BTC, it is simply a descending range, but if we zoom in, the inefficiency zone has always been an important trigger for Bitcoin's structure, even when bearish. What I mean is that every time it touches the inefficiency zone, Bitcoin surges upward strongly. If you look closely, the largest bullish candles appear in the inefficiency zone. It is also where a head-and-shoulders pattern was formed, but when it touched a demand zone, the price shot up like foam, just as we had predicted.
It’s simple... If we can see the overall structure, we have a very important 'KEY ENTRY POINT' (KEP) on the bottom left side to consider, and that same 'KEP' is the area Bitcoin has been respecting frequently.
So, we can conclude in this analysis that, as Bitcoin has respected the entire bearish sequence of our trend channel 1, 2, 3, and 4, point #5 was key for retesting our 'KEP' at position #6 and then surging strongly to the inefficiency zone, resulting in a small natural pullback to accelerate the price and almost hit our resistance point #7.
But what will happen now?
NOTE: If there’s no breakout, there’s no party!
I’ll present you with two scenarios (Bearish and Bullish) that Bitcoin may follow this week:
Bearish Scenario: If there is no breakout, there’s no party! The price will simply validate our point #7, reject it, and continue the bearish sequence of the channel. We can distinguish this based on the volume and the strength of the candle (keep a close eye on that).
Bullish Scenario: The price is about to validate point #7. If starting on Monday, we begin to see strong bullish volumes in Bitcoin, you can be certain that Bitcoin will break the channel. Consequently, we could see a new high after the breakout, followed by a pullback that returns to what was the channel's resistance (now support), and from there, a structural breakout or a new high.
I call this pattern N3.
The simple fact that the price breaks out and the full candle is outside of my channel, I consider it a genuine breakout.
So let’s hope it happens this week.
Regards, and thanks for supporting my analysis!"
Bitcoin/USDT: Potential Reversal After Rejectionhello guys.
sorry for the last analysis. it is the right one!
Technical Analysis:
The chart shows that Bitcoin is facing a significant rejection near the QML (Quasimodo Line), indicating a strong supply zone.
Price has failed to break through the supply zone, resulting in a potential double-top pattern, a bearish signal.
There is a strong support level of around $57,250, which acts as a potential reversal point.
The price is currently retracing after being rejected from the resistance, and a further drop towards the support level is expected.
If Bitcoin reaches this support zone, a reversal is possible, indicated by the upward trajectory in the projection.
However, if this support fails, further downside movement could occur.
Summary of Key Points:
Price rejection at QML (supply zone).
Expected drop towards the $57,250 support.
Potential for a bounce and reversal from this support area.
Risk remains high due to uncertain price direction until support is tested.
Risk Note:
This setup carries a high risk, as a failure to hold the support level could lead to significant downside, and confirmation of reversal is yet to be seen. Always use appropriate risk management strategies.
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ETHUSDT BuyAs Ethereum has broke its Resitance and now is taking support over it and will fly high anothet confluence for going in buys is it has formed a Continuation pattern flag pattern which is completed some of my Friends taking it as a penunt over H4 and H1 accordingly but its a bullish setup also it can be categorized as a rally base rally formation till now lets see whats waiting but as today is concerned we had all bullish signs around us
Bitcoin’s Prime is about to start!🚀 Bitcoin’s Prime really is about to start 🚀
It’s tough to predict the perfect top and exit before the inevitable pullback, but here's a strategy based on past patterns to help us ride the wave and exit before the bull run ends.
Historically, Bitcoin (BTC) tends to reach its peak 16–17 months after the Halving event, usually toward the end of the year. If this cycle holds true again, we could see the next peak around the end of 2025, with a massive price surge.
If this trend continues, our plan is to start selling off our bags in early Q4 2025 to lock in gains before the bull run fades.
#Bitcoin #Crypto #BTC
Is Bitcoin really breaking out of Trend ?I think we need a BIG reality check on some Bitcoin "Expert" analysis speechs over the last 24 hours.
While I agree on so many counts, that we are coming out of this long term range, as we did last year at this time,( see chart ) it is WAY TO EARLY to say this is the new Bull run.
I mean, seriously, LOOK AT THE CHART.
PA has not even broken above Top of Range yet. It is Half way up the channel.
BUT we do have Bullish signs, that cannot be denied but to call this "the new beginning" - That is dangerous - We must wait and see how the rest of this plays out.
In a Bullish way, the MACD is finally turning at the Neutral line, this give BTC Huge power to move Higher but, in a Bearish way, It could continue to drop.
Also not the Low Volume count and the simple fact that the Bull Bear indicator is still falling from Bullish, though this will lag and so changes may not appear to quickly.
So, What are we waiting for ?
Once we have Broken Top of Range, THEN we can start dancing, carefree to some extent.
So,,Lets be realistic.. This is very possibly the end of Range But we are Still in Range...coming from a new Low
When can we dance ? When we break 76K usdt and hold above.
FED CUTS RATES NOW WHAT?!?The FED has cut rates by .50bps and there are more cuts are expected so the meeting in OCT will be on to watch if we get another 50 or even a 25 we will be looking a pumptober.
BTC went as high as 64,000 in the days after the decision, if we look at the volume profile we can see we are resting on the top of a big gaps that if broken we could see a drop to 59,000-60,000. I’m cautious here the combination of gold being at an ATH and the QQQ dipping at the end week with the FACT that historically rate cuts have lead to the ST declines plus the future have a negative lead on spot if we can hold this level though I will open of a position long but I will be very fast to take profits. Also options have been approved for IBIT now the OCC and CFTC have to approved them before they list but this is very very bullish. The big boys trade mainly in options due to the fact you can be non directional and well trad fi degens are the OG degens and they like leverage. Overall I’m bullish and I think 2025 will be the banana phase so prepare for opportunities now not that that anyone asked.
BTCUSDT - One n single region, what's next??#BTCUSDT.. market just near to his one n single region that is 64500 to 65100 around.
That region will be most important region of the month n quarter.
Keep close that region because that will be last hope for sellers.
And above that will be new era of buying.
Good luck
Trade wisely
BTC in trend📊Analysis by AhmadArz:
🔍Entry: 62.200
🛑Stop Loss: 61.658
🎯Take Profit: 62.654 - 63.170 - 63.840
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Bitcoin (BTCUSD) LONG Trade Setup Targets + SL UPDATEDBitcoin (BTCUSD) LONG Trade Setup Targets
Got a clear LONG trade entry at $59,059
Stop Loss at: $58,250
Trailing Stop Loss at: $59,200
Total TP1, TP2, and TP3 done!
Almost touched the TP4 target.
Overall a good LONG trade on the 4h time frame.
I always trade crypto in the 4H time frame, it is my personal preference. Gives me more peace of mind.