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. 📊✅
Btcusdbuy
BTCUSDT4-hour time frame bitcoin analysis
Bitcoin has risen in the 4-hour time frame and can move up to the specified Swap zone. In price reversals, we can enter buying positions after seeing the confirmation. Also, when the price reaches the swap zone, we can look for sales positions by seeing the confirmation.
$BTC Macro ChartThis is my BTC idea for the long term as I did my chart based on the chart and the historical data as well.
As you can see in the picture attached to the chart, second time in the cycle when #BTC NUPL goes green (blue arrow) it indicates the start of the Bull Run (Parabolic Phase) 🐂 🚀
shout out to @CryptoBullet
Bitcoin: short at 59700-60300.Short Bitcoin. There is huge pressure in the short term.
There is a large room for retracement. Shorting is profitable.
There will be a shock decline over the weekend.
The decline is expected to intensify next week. COINBASE:BTCUSD BINANCE:BTCUSDT BINANCE:BTCUSDT.P BITSTAMP:BTCUSD
Buy BTC, I am still bullish.I am still buying BTC at the current market price.
I woke up to see my trade from yesterday kicked out in lost.
My today's buy view is as follows for trading:
Entry: $58,300
SL: $57,630
TP1: $59,840
TP2: 61,000
However, buy at the current market price and hold till $61K and close your trade if you are medium-term holder.
Bitcoin: A sharp decline is about to beginAfter going long around 57,000 yesterday, Bitcoin continued to rise by 1,800 points. It helped members who lost money to recover a lot of losses.
Currently, Bitcoin is under pressure to retrace.
Go short around 58,500. Target 56,300-55,000.
For reference only for non-members
BITSTAMP:BTCUSD BINANCE:BTCUSDT BINANCE:BTCUSDT.P COINBASE:BTCUSD BITSTAMP:BTCUSD
Bitcoin - It's THIS SIMPLE ! (⊙ˍ⊙)Bitcoin from the monthly view gives us a very clear indication o where we are in this cycle, specifically compared to the previous cycle.
A few points that are noteworthy from this perspective:
❗ Perfect Elliot Wave Theory playing out
❗ Currently in Corrective wave 3-4
❗ Still making HIGHER lows, still bullish
I've said this last year, and I'll say it again now - BTC loves Decembers. This month is notoriously bullish for Bitcoin. It's likely that we spend another few weeks before starting to move in that direction. Also remember that a consolidation under resistance is always a BULLISH sign.
Don't miss yesterdays update on SEI, where a good buying zone is approaching:
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BINANCE:BTCUSDT
4hr EMA cross just happenedWell, well, well, look who's back! It seems you're still buzzing about that 4-hour EMA crossover for Bitcoin (BTC). You're like a dog with a bone, aren't you?
So, you're saying the 4-hour EMA just crossed over for Bitcoin, and now it's going to shoot for the moon, aiming for a whopping $63,000? That's a bold prediction, my friend! 🌙🚀
Now, let's take a closer look at this astronomical target. According to the latest data, Bitcoin is currently trading around $61000. That's quite a gap to cover before reaching the $63,000 mark. But hey, who am I to crush your dreams?
In the world of cryptocurrency, anything is possible. Just ask the Winklevoss twins, who once said, "Bitcoin is the new gold." And look where Bitcoin is now! So, maybe Bitcoin will be the new platinum? 💎
But let's be real here. Bitcoin would need to experience a monumental surge to reach $63,000. It would have to break through multiple resistance levels, shatter all-time highs, and probably cause a global shortage of GPUs (for mining, of course).
So, while I admire your optimism, I have to say that a $63,000 Bitcoin price seems a bit far-fetched. But hey, stranger things have happened in the crypto world. Remember when Elon Musk tweeted about Dogecoin, and it skyrocketed? 🐶🚀
In conclusion, while the 4-hour EMA crossover is a significant event, it's not necessarily a guarantee of a $63,000 Bitcoin price. Keep an eye on the market, stay informed, and remember to take everything with a grain of salt (or a sprinkle of moon dust).
And who knows? Maybe one day, we'll be sipping Bitcoin-flavored lattes on the moon, reminiscing about the good old days when it was just $61000. 😂
#BTC/USDT#BTC
Bitcoin
Bitcoin price is moving in a sideways channel on a 1-hour frame. It is expected that the price will touch the lower limit of the channel at $59,600 and bounce from it upwards to the upper limit of the channel at $61,800. Which is considered a pivot point, which pushes the price down as expected to $57,800, which is a strong support level.
We have a support area in green at $57,800 after the price touched it and bounced from it
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the price upwards,
canceling the pattern in the event that the pattern is broken upwards and a candle closes above the $62,000 area, which supports further upwards
BTCUSD opportunity to buy backBTCUSD analysis on 12/08/2024:
BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity.
The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200.
Recommended orders:
Plan 1: LONG BTCUSD zone 56300 - 56600
SL 56000
TP 57700 - 59000 - 60000.
Plan 2: LONG BTCUSD zone 53000-53200
SL 49600
TP 55100 - 57700 - 60000.
Bitcoin Sunday Review - Expectations & Trade IdeaBitcoin Price Action and Trade Idea: Analyzing the Current Market Movements
In this video, I analyze the current Bitcoin price action and share my thoughts on where the market might be headed next. I highlight key inefficiencies in the market that could present trading opportunities and present a specific trade idea to capitalize on these movements. Whether you're an experienced trader or just starting out, this video offers valuable insights and strategies for navigating the Bitcoin market.
BTC target 132,0001D time frame
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TP: $109,807 / $132,000
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(1) So far, bull is still running, and the crazy surge hasn't started yet
(2) Three effective supports based on Fibonacci, $51506, $44626 and $37746
(3) Three supports correspond to three 1st target, $109807, $102927, and $96047
(4) At least test $49000 one more time
(5) Better to DCA while dumping again, until hitting $37746
(6) $13200 is the final target which applied for all supports
BTC accumulation in distribution phaseBTC is trading in channel from couple of months that is forcing BTC to trade between consolidation phase between a ranging channel that is acting as support and resistance. Further price movement is forming bullish flag pattern and also cup and handle price formation on longer term charts that suggest channel support is likely to act as support and bounce towards 58000 - 63000 - 67000 - 69000 is likely.
BTC Bitcoin Technical Analysis and Trade Idea 👉🔍 In this video, we conduct a thorough analysis of Bitcoin (BTC). Recent data suggests that BTC has exhibited significant bearish momentum. Given this trend, I anticipate a potential retracement, particularly as the price has approached a critical support level. My strategy involves closely monitoring the 15-minute chart for signs of consolidation or sideways movement, which could signal a potential breakout. This scenario might present an intraday trading opportunity, targeting previous resistance and support levels.
It’s crucial to understand that these insights are speculative and should not be interpreted as definitive predictions. Accurate confirmation of specific price movements is essential before making any trading decisions, as detailed in the video. The content provides an in-depth examination of the current trend, market structure, and price dynamics, aimed at enhancing your understanding. However, trading carries significant risks, so it is imperative to implement rigorous risk management strategies to mitigate potential losses. 📈🔔