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Btcusdanalysis

BTC to hit 56k soonIn this video, I dive deep into liquidity zones and explain why they are crucial for our trading strategy. I'll also review what has happened in the markets since my last video and analyze the key developments. We’ll explore what to expect next, looking at potential scenarios that could unfold. Finally, I’ll highlight some potential targets to keep an eye on in the coming days or weeks. Make sure you don’t miss out on any important insights—subscribe to the channel for more analyses!
by SerenityEquity
BTC: Preparing for a 12% Rally!Hello traders, I hope you all are doing well. In our previous BTC update, we mentioned the rejection of BTC due to the RSI losing momentum. The price dropped 11% and currently holds at an important support range between $57.7k and $58.3k. With the current price at $59.1k and the RSI gaining bullish momentum, BTC is expected to rally 10%-12%. However, if BTC closes below the blue support box, it will invalidate the rally and likely experience a further drop. Entry: $57.7k to CMP. Stop loss: $57.2k. Leverage: 10x-20x. Target: 10%-12%. Make sure you do your own research and analysis before investing. Trade safely. Regards, Team Dexter.
Long
by Dexter_The_Trader
2
BTC to rebound - bullish potential for the next 24 hours The price of Bitcoin fell more than 6 percent to $59,290 over the past 24 hours, trading as low as $58,564 over this period, Trading View’s Bitcoin chart shows. Yet, a strong sun will shine over Bitcoin in the next 24 hours, signaling bullish market conditions. ☀️ “Today's drop is intriguing and presents a potential opportunity for those looking to capitalize on a tactical rally. Entering at $59,000 with a tight stop at $58,000 might seem overly cautious to some, but tactical opportunities like this are rare in a market lacking a clear bullish trend,” the crypto intelligence firm 10xResearch said in its daily note. The number of Bitcoin millionaires increased by 111 percent last year and exceeded 85,000 people, Henley & Partners annual Crypto Wealth Report 2024 shows. Eleven persons hold more than $1 billion in Bitcoin. The CEO of MicroStrategy Michael Saylor, the CEO of Coinbase Brian Armstrong and Binance’s founder, currently serving a prison term in the US for money laundering violations, Changpeng Zhao (CZ) are part of this exclusive club. Follow us for more crypto news and weather reports!
Long
by ATTMO
1
BTCUSDT🔍 BTC/USDT Analysis: 1-Hour Timeframe 📉 The BTC/USDT chart on a 1-hour timeframe reveals significant upcoming dates where price movements may present trading opportunities. As always, it’s crucial to analyze these signals in conjunction with higher timeframes for a more comprehensive understanding of the market. • August 31, 2024, 16:00 - Red Line: This time marks a potential local peak. Traders might consider this as a moment to take profits or reduce exposure, as the price could encounter resistance or a downturn. • August 27, 2024, 22:00, and September 2, 2024, 07:00 - Green Lines: These times suggest potential local lows. Traders may find favorable conditions to accumulate BTC or consider entering long positions. When working within this 1-hour timeframe, remember that these movements should be evaluated with a global perspective, incorporating insights from higher timeframes to better understand the overall market trend. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
INDEX:BTCUSDLong
by trushkovskiy
#Bitcoin 1D chart updated#Bitcoin 1D chart; Bitcoin is likely to touch the upper red trend line in the short term. Let me explain why I think so, based purely on technique, far from the < emotional thinking > that I always underline, so that it is not in the air; < ChoCh > is also known as a trend direction change. The fact that it broke the uptrend with a hard momentum candle and then unwound to the IMB area in this region, where it can hold for now, reveals this possibility. However The levels indicated by the orange circles are critical. The orange circle on the left is the highest peak of the previous month. Naturally, it is the first important hurdle to cross for now. This is the 70k level . If a close above it comes, then we can talk about bullishness. For now, we can state that no chart based on rockets and flames has any basis in reality, as we have no data to suggest that it can break here hard. What happened at the previous highs? Not only were the highs not broken, but the downtrend line (red) also worked as resistance. There is no reason why the same scenario cannot work again (for now). Of course, it should not fall below the IMB level first. If this happens, the previous monthly low below will be tested.
by ugurtash
Bitcoin PA since 2014 and ONE Trendline = Crucial Time nowIt cannot be much simpler than this. One Trendline that Pa needs to remain above and that is has Dropped below only Twice previously. And it has only just managed to get back on to that Trendline. If we Zoom in, we can see that we aer bang on that line Since 2024, Bulls have pushed and pushed and we have been fighting a hard battle with TradFi to get back on top. The tussle, The Tug of war continues. If we Zoom in further and use Candles, it is very clear what needs to happen right now and, if we are honest, how fragile things could become The Arrow here is pointing towards this weeks candle that just opened, Bang on that line and is currently Red. The Validity of this line os confirmed by thos eLong wicked Candles 3 weeks ago, testing it..We then broke through and Now, we retest it as support. We need to keep this position above.
COINBASE:BTCUSD
by Orriginal
BTC BITCOIN Technical Analysis and Trade Idea👀👉 I'm keeping a close eye on BTC right now. We’re seeing a market structure break with a higher high on the chart, along with the potential formation of a base that could lead to further upward movement. If market conditions align as discussed in the video, I'll be considering a buying opportunity. This analysis focuses on key aspects of technical analysis, such as trend identification, price action, and market structure. We’ll also discuss a potential trade setup and examine strategies that could increase the chances of success. Please keep in mind that this analysis is for educational purposes only and should not be taken as financial advice. The observations are speculative and do not guarantee future market outcomes. It’s important to verify current price actions before making any trading decisions. This presentation provides a comprehensive review of the current trend, market structure, and price dynamics. However, it's important to recognize that while the information is educational, it does not guarantee trading success. Trading in the foreign exchange market carries significant risks, and we strongly advise using sound risk management techniques in all your trades. We encourage you to do thorough research and carefully consider all factors before making any trading decisions. Stay informed, exercise caution, and approach the markets with a well-thought-out strategy. 📊✅
FOREXCOM:BTCUSDLong
by fxtraderanthony
BITCOIN Is Bullish! Heading To the Highs!After breaking the ATH (All Time High) in March, BTC has formed the a huge Bear Flag, incrementally retracing to a Weekly bullish FVG (Fair Value Gap). The +FVG has proved to be resilient, holding price from going lower... and now price is rallying from said +FVG. Friday, price formed another +FVG on the Daily TF. This is the bullish indicator I look for to get a sense of the order flow. Should price pullback into the Daily +FVG, it will use it to move higher toward the ATH. ICT has taught that price will move towards the "smooth edges" when seeking liquidity. Look at the path to the ATH. It is a series of highs that at relatively close together. Compare that to the lows. Price had a hugh heat seeking liquidation wick to sweep the sell side liquidity before moving higher. The liquidity pools are above now. Price moves from IRL->ERL->IRL. This is how a trend works. HH->HL->HH. Price is now moving from Internal Liquidity (FVGs) to External Liquidity (HIghs/Lows). This is how the market moves. It's all about the liquidity.
COINBASE:BTCUSD
by RT_Money
BTC got stuck at $64k.Hello traders, Here's a quick update on BTC in the 2-hour timeframe. BTC recently rallied up to FWB:65K and formed resistance at $64.4k. So far, BTC has maintained support at $63.9k and is continually attempting to break above the resistance. The RSI is losing momentum, with a decline in the graph indicating a bearish sentiment. BTC needs to break above the $64.4k resistance to continue the rally. A rejection will likely pull the price down to $61.5k, where we have a support trendline. Make sure to do your own research and analysis before investing. Regards, Team Dexter.
by Dexter_The_Trader