BTC Bitcoin Technical Analysis and Trade IdeaExamining Bitcoin (BTC), this analysis identifies a potential short-term long trade. We'll be deconstructing the current price trend, meticulously evaluating recent price action, gauging market forces, and targeting a potential entry point aligned with favorable technical indicators (further details provided in the video). However, I cannot emphasize enough the importance of robust risk management practices. By its very nature, this video is for educational purposes only and should not be interpreted as financial advice.
Btcusdbuy
BTC Bitcoin Technical Analysis and Trade IdeaThis video explores a potential Bitcoin trading opportunity using technical analysis. We'll examine the current trend, price movements, and market structure to identify a potential entry point should favourable conditions materialize, as detailed in the video. It's crucial to remember that sound risk management is an essential component of any trading strategy. As always, this presentation is for informational purposes only and does not constitute financial advice.
BTC Bitcoin Technical Analysis and Trade IdeaBitcoin has exhibited a bullish trend, prompting us to seek a potential buy opportunity. Presently, it has retraced to approximately 50% of the previous price swing on a 4-hour time frame. In our video analysis, we delve into trend dynamics, price action, and market structure, emphasizing key aspects of technical analysis. It is essential to note that this trade idea represents my personal opinion and should not be construed as financial advice.
BTC Level Up Area $49,000 $82,922 $133,325 Bullish?Maybe this looks crazy.
However, this kind of pattern I've seen before happened to the coin's TRB.
If BTC price rises to the $49,000 Area then BTC could potentially form a rounding pattern.
If that happens, there is a chance to rise to the $82,922 area. And at that time it was in the mid-weekly channel trend.
Do some analysis before following this.
What do you think?
Bitcoin paving its way to $40k.Hello traders,
Providing a swift BTC update using 4-hour and 3-day timeframe charts. My target remains around $40k, and in the absence of sustained upward momentum, brace for a potential significant correction. Stay prepared for various market scenarios.
Trade safely, guys.
Regards,
Team Dexter.
Quick BTC UpdateHello traders,
Today, I am publishing my first-ever video on Tradingview. I hope you'll find this video informative. Do show your support by liking, sharing, and commenting. To stay updated with the latest cryptocurrency analysis, follow me and be a part of my tradingview community.
Regards,
Team Dexter.
BTC Bitcoin Technical Analysis And Trade IdeaIn this video, we conduct a comprehensive analysis of BTC (Bitcoin), examining the unmistakable bullish trajectory it has exhibited on higher time frames. At present, Bitcoin has ascended to a pivotal monthly and weekly resistance level. Our analysis encompasses a meticulous review of the chart, where we scrutinize essential elements of technical analysis, including trend dynamics, price action patterns, and market structure. As the video unfolds, we explore a potential trade idea. Please note, the information presented is intended solely for educational purposes. It should be underscored that our insights are not to be misconstrued as financial advice, and prudence in risk management remains paramount.
BTC - NEXT: Extremely Overbought, RSI hits 102Hi Traders, Investors and Speculators of Charts📈📉
I'm expecting some more volatility on Bitcoin as the RSI recently 102 which indicates and extremely over bought market. This is also confirmed by the technical indicator. Usually, after such extreme numbers are hit on the RSI, the price needs to "cool down" or retrace before continuing back upwards. This could mean lower price action for a few days ahead.
It's vital that we retrace back towards the $32k zone to CONFIRM this as new support, and not a fakeout. Two scenarios I have highlighted on the chart is either straight up to the 1.618 and then the support confirmation, or first support confirmation and then up to 1.618.
Either way, I'm bullish on BTC and I'll be looking to take a long from support at $32k.
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
BTC Bitcoin Technical Analysis and Trade IdeaObserving the current dynamics of Bitcoin's price movement, we can see a clear uptrend on the 1D time frame. This trend becomes even more evident when we shift our focus to a 4H chart, revealing a compelling bullish trajectory characterized by successive higher highs and higher lows.
Presently, Bitcoin has retraced to a strategically significant support level. In our video discussion, we thoroughly examined the prospect of a potential trade opportunity, conducting a comprehensive analysis of various elements including the prevailing trend, price action patterns, and the underlying market structure.
It is imperative to emphasize that the content presented in the video is intended solely for educational purposes and should not be construed as financial advice. Our goal is to provide a detailed understanding of market dynamics, enabling viewers to make informed decisions within the realm of cryptocurrency trading.
BTC- Bitcoin Price ForecastCOINBASE:BTCUSD
Where is bitcoin price going next?
What is bitcoin likely to do next?
These and many more questions were answered in the video.
Watch and you will enjoy it.
Do not forget to drop a comment to share your view, give it a like, and also share this video link with your friends.
Hidden divergence in BItcoin looks a strong buy.My thoughts on BTC current price action with some education from my 30 years of trading experience.
If we get a fake break of what some traders might see as a head and shouders on the 4hr thats a great buy signal or we could begin to enter now at around 26500 if we see the bull flag.
Great divergences on the daily indicators- see video and rising 200 MA. All very strong bullish signals.
BTC Bitcoin Update Technical Analysis and Trade IdeaIt's evident that Bitcoin has been consolidating over a period, establishing substantial liquidity both above and below the current range. The recent sharp downward movement has captured my focus. In the video, we examine a potential trading concept contingent upon the unfolding of specific price action scenarios. We delve into the prevailing trend, price action dynamics, market framework, imbalances, liquidity considerations, and various vital components of technical analysis. Just as usual, all details are thoroughly elucidated in the video; however, it's important to emphasize that this content should not be interpreted as financial counsel.
Bitcoin -> Bullish Move Ahead!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪
A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected.
You can also see that Bitcoin is approaching the weekly support trendline of the obvious rising channel so also from a weekly perspective everything is pointing towards more continuation towards the upside.
I am only waiting for daily market structure on Bitcoin to shift back to bullish and if we see a break and retest of the current resistance level then I also do expect another daily bullish rally.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Bitcoin -> No Bullrun Now?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪
A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected.
Furthermore you can also see that weekly market structure is bullish with Bitcoin creating higher highs and higher lows - however we could see a short term rejection away from the current resistance zone but eventually I do expect a bullish break as well.
You can also see that Bitcoin now broke below the previous daily support and is therefore now in a bearish market so I am simply waiting for a break back above the structure and then I do expect the overall bullrun to continue.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Bitcoin -> Massive Back And ForthHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪
A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected.
Furthermore you can also see that weekly market structure is bullish with Bitcoin creating higher highs and higher lows so there is no reason why Bitcoin should actually reject the previous resistance zone once again towards the downside.
Looking at the daily timeframe you can see that Bitcoin is still stuck in between support and resistance so I am now just waiting for a clear breakout towards the upside before I also then favor another bullish continuation setup.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Bitcoin -> Bullmarket BehaviourHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Bitcoin just retested and already rejected a quite nice and obvious previous weekly resistance zone which was turned support at the $25,000 level.
You can also see that Bitcoin is now just creating a new higher swing high, confirming the overall bullish uptrend so I simply do expect some small correction after the recent pump but then some longer term continuation towards the upside.
On the daily timeframe you can see that after Bitcoin perfeclty broke out of the falling wedge formation we just had a rally of 15% towards the upside but considering the fact that Bitcoin is again retesting resistance I first do expect a drop before then another bullish rally.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin -> The Wegde Is BreakingHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Bitcoin now finally retested and already started to reject a quite nice previous weekly resistance area which is now turned support at the $25.000 level.
You can also see that weekly market structure and moving averages are still bullish, in my opinion Bitcoin also already created the bottom of the last bear market and is now ready for more bullish moves, so I simply do expect a rejection away from the support zone.
On the daily timeframe you can see that Bitcoin is still trading in a falling wedge formation and just retested the lower support trendline towards the upside - I am now just waiting for a breakout and a break above the $26.000 level before I then do expect another rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin -> Don't Miss The BullrunHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that as we are speaking Bitcoin is approaching a quite obvious previous weekly resistance area which is now turned support at the $25.000 level.
You can also see that overall market structure is still bullish, Bitcoin also created a long term inverted head and shoulders since June of 2022, so I am now just waiting for a retest of the neckline at the $25.000 level and then I do expect the next bullrun to start from there.
On the daily timeframe you can see that over the past couple of days, Bitcoin has been creating an obvious falling wedge formation which is always considered a bullish continuation pattern, so I am now just waiting for a breakout above the resistance trendline before I then also expect a daily rally to retest the $30.000 psychological resistance zone.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
BTC 0 or hero? 📈 Chart Analysis:
falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long, however we did get an engulfing candle on the reaction from the 150ema so i have gone long already trying to front run patterns is not the best thing to do so be cautious if you are to do the same!
We got the retest of the Head and Shoulders resistance in prep for the latest sec vs binance news which took us to out first target 150EMA: top tip play any SHORTS super carefully here as the reaction from the 150 was extremely bullish but know we could still see out lower avwap target currently at the 18k area 😉
additional info!
Currently in a Stage 3: where we look for Bullish continuation patterns (falling wedge) and/or topping patterns Head and shoulders
OBV still in a stage 1 and looking weak!
🔔 Risk Management:
Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favor.
⚠️ Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
Bitcoin -> Wait For The BreakoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Bitcoin recently perfectly retested and already rejected a quite nice previous weekly support zone which was turned resistance at the $30.000 level.
You can also see that weekly market structure and moving averages are still overall bullish, I am definitely waiting for a weekly retest of the next support zone at the $24.000 level and then I do expect more continuation towards the upside from there.
On the daily timeframe you can see that Bitcoin has been trading in a range for quite some time with support at the $26.000 area and resistance at the 27.400 area so I am now just waiting for a breakout towards the upside before I then do expect another daily bullish rally.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin -> Think Long TermHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that as we are speaking, Bitcoin is already rejecting quite obvious previous weekly support which is now turned resistance at the $30.000 level.
You can also see that from a long term monthly perspective, it seems like Bitcoin is eventually entering the next bull-cycle, so I am already heavily invested and I am also looking for bullish pullbacks to then enter some long trades.
On the daily timeframe you can see that market structure is currently bearish with Bitcoin breaking below the previous daily support at the $27.600 level, so I am now just waiting for a break back above the zone and then I do expect also more daily upside continuation.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin -> The Turning PointHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that as we are speaking Bitcoin is approaching a quite strong previous weekly strcture area which is now turned support again at the $26.000 level.
You can also see that market structure and moving averages are bullish, Bitcoin is also creating a bullish uptrend channel over the past couple of weeks so I still do expect more continuation towards the upside from the current levels.
On the daily timeframe you can see that market structure is about to shift bearish, yesterday Bitcoin managed to once again reject a quite strong previous daily support zone at the $26.800 level so we could still see some upside potential from the current support zone.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: