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Btcusdanalysis

Bearish setup For BTCSince we are being rejected in the higher time frames, we expect the price to reach the same level in the daily level, and also in the lower time frames we see downward structures, the last downward range in the time frame is 15 minutes above Asian liquidity and the last return candle. which led to a fall in the area of ​​61800, which can push the price down again Of course, it can be the same ceiling of indus cement for order block time to be higher and from higher areas
Short
by MrHunterTradeInsight
2 years of BITCOIN PA and the options we now haveHere you go, Just over 2 years of #Bitcoin and pointers to whats next. We can all make Guesses and predictions about where BTC is going but at the end of the day, a Chart will NEVER Lie and shows the options available. So, Here we are, Near Mid channel, Just above support. This line has held PA 4 times since Jan 2023 and failed Once only. And we are just above it again now, having bounced off it 3 weeks ago. Current Price at this support is around 58K usdt ( Grey Arrow) Should that fail to hold, if we test it again, then we will likely Visit the Lower trendline of channel, currently around 50K - 53K usdt, depending on speed of Drop. It is the upper Trendline that holds all the power. It has rejected PA 5 times since September 2022 and acted as support only Twice. ( Thin Arrows) This line of resistance si Strong and added to this we have the "Local~" range high that is also strong Resistance. This all adds up to a Ceiling of strong resistance that ends around 76K. So where does this leave us ? The Path of Least resistance is simply to continue in Range till we hit the lower trendline in Dec 2024 ( White Arrow) with a price around 54K. From there, a bounce higher is highly likely and the need to break through Strong resistance is eased by doing it in 2 separate Goes and could lead to a new ATH around March time ( assuming continued Trend speed Etc ). For me, this is becoming more likely now given world events. Another possibility is that PA crashes down low in the near future, to around 48K, and hits Lower trendline. From there, we would have to see if the Bulls could keep PA on the line, which I am sure they would. From there, PA may range along lower trendline to recover confidence before pushing higher again. And the last possibility is obviously that PA bounces from current Area and attempts to punch through the wall of resistance in one go and break over 76K and Holds it. Which it may struggle to do. We shall find out soon enough. So many charts pointed towards a New ATH a round Dec..that may have changed. Time Will Tell
CRYPTO:BTCUSD
by Orriginal
#BITCOIN is fine, Don't panic!Bitcoin continues to trade within a descending channel, with the current weekly candle showing a 7.17% drop, rejecting near the $65,000 resistance level. The price has entered a Weekly Fair Value Gap (FVG) between $60,000 and $62,500, where we might see some buying support. (FVG sare levels of liquidity gaps which the MMs eventually take before continuing the uptrend) Explained more in my previous BTC/USDT Chart However, a break below the invalidation level at $57,466.09 could lead to further downside towards the channel support. Bulls need to HOLD the FVG to initiate a bullish breakout. Invalidation Level: An invalidation point is marked around $57,466.09. If the price breaks below this level, the bullish scenario becomes invalid, and further downside action is likely to follow. There's also 200 MA support around the $59.8k level. This is an important level to keep an eye on! I think we will see a relief soon! NOTE:- Stop panicking! When the market pumps, everyone wants a dip, but when the dip comes, fear takes over. This is often a sign you're taking on more risk than you can afford. Stay calm and focus on Altcoins, which often bounce hard after corrections. While Crypto Twitter was expecting a green October, the market makers threw in a surprise to start the month. Expect a few days of downtrend and consolidation, followed by daily green candles. That’s my view, not financial advice! Let me know your thoughts in the comment section and do hit the like button sp it reaches more souls who need to read this! Thank you #PEACE
BINANCE:BTCUSDLong
by Cryptorphic
9
Bitcoin and Moving Averages - Are they worth using ?Bitcoin Daily and Weekly Charts with SMA ribbons - 2 stories This is the channel BTC has been in since Jan 2023. We broke out of it on Feb 2024 and returned into it in July 2024 The main image is the weekly chart and we can see how, as a result of this Long term Rise since Jan 2023, The SMA's have begun crossing Bullish with the 100 (blue ) just recently regaining ground above the 200 ( yellow) . This is despite the Long Term Range we are currently in and shows the strength the PA Has Had. The 50 ( RED) was the first to recover and it is that that is currently offering support to PA as is shown by the bounce off it just 3 weeks ago. However, the Long Term range just mentioned has yet to fully appear in these SMA's So, lets look at the Daily The Daily shows us the battle taking place between the 50 (red ) and the 100 ( blue ) The Bullish order for these SMA's is , from top to bottom, 50 ( red) 100 ( blue) 128 ( green and 200 ( yellow ) What worried a lot of people was, on the 8 August, we saw a "Death Cross", where the 200 crossed above the 50. this is considered a bearish sign but I will say, we saw this on a few occasions in 2020 - 2021 nad PA recovered. We can see how PA has tried to recover recently and, in fact, made a slightly higher high and it even got through the 200, that tried to be resistance.... But we failed to hold that and now, just today, we have found support on the 50 again. We need to hold this but we may not. For me, I think we will see 58K , FEAR will set in again and we will have to wait and see how things play out. The problem with Moving Averages and using them as Tools for understanding the market , is how laggy they are. They take so long to react. The Weekly Looks fine.... Very bullish, 100 crossing over the 200 - everything looks LOVELY but the real story is below that, the Daily, all hell is breaking Loose. And the lower down the time frames we go, the worse it gets but the nearer to the real time data we get. I Look at MA's, I do my business with other Tools. A Death Cross, for instance, only shows us what has happened ALREADY and any decent trader will already have seen that signal elsewhere, like in the PA for instance ! But, they do have thrie uses.........But there are better tools for a Fast moving asset like Crypto Just my opinion
COINBASE:BTCUSD
by Orriginal
3
Bitcoin's Potential Bottom Near $58k in Q4As we enter Q4 (October 1st to December 31st), Bitcoin is testing the crucial $58k support level, a price point that has acted as a pivotal zone in past market cycles. This level could serve as a potential bottom for the current correction, offering a possible recovery point for the final quarter of 2024. Market participants should closely monitor price reactions at this level. A bounce from $58k could signal the beginning of a recovery phase, while a failure to hold could lead to further downside pressure. Traders should look for confirmation through volume spikes and reversal patterns, as these signals will be key in identifying a trend change. With the end of the year approaching, this could present a vital buying opportunity, so staying cautious and ready is essential as the market moves through Q4.
by alcoholic-semen-thrower
BTCUSD I 1 hr double bottom formation and long opportunityWelcome back! Let me know your thoughts in the comments! ** BTCUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
BITSTAMP:BTCUSDLong
by BKTradingAcademy
12
Minimal ValuesMy Estimates for BTC this upcoming cycle. October is gonna take a bit of time to see upwards momentum. We have about 1-2 weeks before markets rip. (October 15-21st). Could start early as next week. (October 10th) It takes around 200 days from last election cycle's October 1st to reach 1st peak in mid April 2021 in the cycle. 2nd peak (Full cycle peak) was 405 days after October. If we copy the exact chart from the previous cycle's range. 1st peak in April 2025 at 115k 2nd peak is estimated in Nov 2025 as the final moment in the cycle at a minimum of 120k for BTC and do a blow off top. Could reach 180k then bear market starts all over again. Note the reason I call it Minimal values is because this factors in 0% additional growth. If the chart is exactly the same, that means 0 growth has incurred. With growth ultimately scaling from individual countries slowly adopting to full blown global adoption, I'm going to keep myself within these minimal values and anything below would be, to me, considered an opportunity zone.
Long
by Slumper
BTC/USDT Analysis: Post-triangle Breakout in Ascending Channelhello guys. I have published about this pattern before, and now I am certain about this scenario! Key Observations: Broken symmetrical triangle Pattern: Bitcoin has broken out from a pattern, indicating a bullish reversal from the prior downward trend. Ascending Channel: After the breakout, BTC is moving within an ascending channel, showing the formation of higher lows and higher highs, confirming bullish momentum. Support Zones: Around $57,000-$58,000: Strong support, previously tested and confirmed, serving as a potential rebound zone for price corrections. Resistance Zones: Between $66,000 and $67,000: The first significant resistance. If Bitcoin breaks through this level, the bullish trend will likely continue. Between $75,000 and $77,000: A key upper resistance target, marking a long-term price goal if momentum persists. Potential Price Path: The chart outlines a scenario, where after a correction or consolidation around current levels ($61,000-$63,000), BTC could retest and break the $66,000 resistance. A clear break could see prices surge towards the $75,000-$77,000 range. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
by melikatrader94
6
Bitcoin (BTCUSDT) Short Trade Setup: Key Levels and TargetsThis chart shows a short trade setup for Bitcoin (BTC/USDT) with clearly marked Entry, Stop Loss (SL), and multiple Take Profit (TP) levels by using the Risological swing trading indicator. Here’s an analysis of the current situation: Entry: The short trade entry was triggered at 64354.7 USDT. Stop Loss (SL): The stop loss is placed at 65437.3 USDT, which is slightly above the resistance level to limit potential losses if the price reverses upward. Take Profit (TP) Levels: TP1: The first target is 63016.5 USDT. TP2: The second target is 60851.1 USDT, and the price has already hit this level. TP3: The third target is set at 58685.8 USDT. TP4: The final target is 57347.6 USDT. Current Price Action: After entry, Bitcoin has experienced a downward move as expected, already hitting TP2. The market is showing some consolidation, which may indicate a temporary pause before continuing its downward momentum. Trade Management : If the price breaks below TP2 again, the short trade could potentially hit TP3 and TP4, providing an opportunity for more significant gains. If there’s a reversal, traders should be cautious and manage the trade accordingly, potentially moving the stop loss to breakeven to lock in profits. This short setup appears to be progressing well, and if the bearish momentum continues, it may hit the lower take profit levels soon.
Short
by ProfitsNinja
BTC Downtrend Scenario and Key LevelsBTC seems like it is following this daily downtrend channel, and seems to be reversing from the top of the channel. All the timeframes (Daily, 4H, 1H, and 15 Min) are screaming downtrend. We saw that it retested the downtrend resistance at 61125 level and looks like it might retest it. We have 5 minutes left in 4H timeframe so will need to wait for it to close and see how price reacts to it. Will wait for short long entry if the price breaks the 15 min key level and will have the target at the 1 Hour Key Level. (But chances are low). I feel like we will go down further till 59200 area where the 1 Hour strong demand zone is. If we break that, then we might see 54000 - 50000. Waiting on the sidelines until I see any clear structure or pattern forming. I feel safe that way. Good luck and happy trading!
by MoneyChartz
BITCOIN - must happen to see new ATHAs I told you in my previous analysis of Bitcoin, it is a triple bottom and it will rise and it is the end of bear market, while the majority expected its decline to continue from 57k to 40k levels. Check out my analysis and drawing the chart attached below and you will see for yourself that what I say is true... remmember i see what others don't Now I tell you! Bitcoin is going to reclaim the 200MA the last time Bitcoin tried this was in august 2024 but it ended up being a fakout leading dumpto 52.5k now it's trying to reclaim the 200MA again and if it can hold this level we could be looking for a massive breakout a head this analysis will be constantly updated , so follow us to receive all news updates Best regards Ceciliones🎯
Long
by ceciliones
2
BTC & Crypto Market Forecast. 4 Yr Cycle Top and Elliot WavesIn this video, I've pulled up an old chart from 2022 I've had on my desktop (not my original chart) that shows potential Waves 3-5 for Bitcion and the 4 year cycle high time targets. In my new chart, I've re-created this showing that we're ahead of schedule from the dark study, and the 4 year past cycle time targets for reaching ATH around 539 days after the halving. But as we know, we hit ATH's this cycle already BEFORE the halving, so it's unclear how that's going to affect the next phase. It would certainly make sense, that everybody (Big money, smart money and even us dumb money retail traders) will be looking to 'go all in' early... But also to GET OUT early. Remember, it's a game of musical chairs.. and the music is speeding up. For these reasons, and other global economic and political influences... I think we could STILL see a left-translated cycle and a parabolic bull rally going into Dec of this year... Unsure if that would be THE Top, but I'd be looking for some profit taking and correction there, which most likely WILL LOOK like the top. But may not actually be. We may still see the 4 year cycle play out, and continue to push higher until October '25 as the original study suggests (539 days post-halving). On the one hand, some are suggesting a deflationary market bust in early 2025 for both the stock market and Bitcoin / crypto. We'll have to wait and see. But it does look like we're experiencing the Wave 4 pullback, and poised to beging the final Wave 5 phase of the bull-run. What do you think? Would appreciate any likes, comments, or compliments below. Cheer always welcome! To the moon 🚀
BITSTAMP:BTCUSDShort
by BrettFogle