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BTC BITCOIN Technical Analysis and Trade Idea#BTC has encountered substantial resistance at both weekly and monthly (1W/1M) timeframes. The 4-hour (4H) chart reveals sideways price action and a formation of a lower high, indicating potential bearish pressure. Expect a retracement targeting the 61.8% - 78.6% Fibonacci zone, derived from a significant daily swing low to swing high. Trade Suggestion: - Monitor for signs of a bearish shift in the trend on the lower time frame to confirm the retracement. - Consider short positions upon breakdown from the current range, targeting the Fibonacci zone. - Stop-Loss: Implement a carefully calculated stop-loss above the recent swing high to manage risk effectively. Disclaimer: This analysis is offered for educational purposes only and should not be interpreted as direct financial advice. Always conduct your own thorough research and implement sound risk management practices before initiating any trades.
OANDA:BTCUSDShort
by fxtraderanthony
5
BTC BITCOIN Technical Analysis and Trade IdeaMarket Observations: BTC/Bitcoin has experienced a remarkable bullish surge. However, the monthly timeframe indicates potential overextension. Moreover, recent price action pushing into previous highs on both the monthly and weekly charts suggests a possible retracement towards the 50-61.8% Fibonacci zone. This area typically attracts increased liquidity, potentially encouraging long positions from institutional investors. Trading Considerations: Counter-Trend Short: Explore a short entry near the current price level, strategically placing a stop-loss above the recent highs. Maintain a 1:1 risk-reward ratio for this trade. Fibonacci Buy: Target a potential buy opportunity close to the 61.8% Fibonacci retracement level. This aligns with the possible accumulation of long positions by larger market players. Utilize a stop-loss below the recent swing low, and define target levels as shown on the screenshot. Disclaimer: This analysis offers my personal market interpretation for educational purposes and should not be considered direct financial advice. Always prioritize your own independent research and thorough risk assessment before making any trading decisions.
OANDA:BTCUSDLong
by fxtraderanthony
The Week Ahead for Bitcoin - Battle for $48kLet’s make this as simple as possible for Bitcoin. It’s really this - Bitcoin must beat 48k to continue the bullish trend and confirm that larger cup and handle pattern is in play which will take us to 80k. If we don’t beat 48k soon, then I expect another small pullback. However, it may not be as deep of a pullback as other analysts expect. According to my chart technicals, most indicators are still hyper-bullish. Therefore, I’d say we may only pullback to 42k at most. If we do beat 48k, that’s our signal that the bullish trend will continue. We have to be quick about entries if we want to play the continuation. Normally, my rule is to wait for at least one confirmation candle on the daily. Because of the bullishness of price right now, I’d make an exception to this rule. If we don’t make this exception, we could miss out on big price movement. It’s up to you how you want to play entries at this point and, as always, it’s based on your own personal risk tolerance. If you are a more aggressive trader, I’d suggest jumping down to the 4hr chart and looking for confirmation there.
INDEX:BTCUSDLong
by stewdamus
Are you ready to Short Bitcoin Yet? {11/02/2024}Educational Analysis says BITCOIN BTCUSD may go short selling for some time according to my technical. Broker - Bitstamp This is not an entry signal. I have no concerns with your profit and loss from this analysis. Because from past week bitcoin has just pumping up to collect Sell Stop hunt from retail traders. I think it's high time for bitcoin to go short!. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BITSTAMP:BTCUSDShort
by VishalBudhrani
9
BTC BITCOIN Technical Analysis and Trade Idea#Bitcoin Technical Analysis ⚫ Key Market Observation: Bitcoin #BTC has reached a significant resistance level on the monthly timeframe. Historical price action demonstrates consistent rejection at this level. ⚫ Anticipated Market Behavior: Given BTC's overextended state and recent strong bullish momentum, a retracement is likely. ⚫ Optimal Entry Strategy: Target a potential buy entry near the 61.8% Fibonacci retracement level. ⚫ Trade Setup: Seek a daily timeframe price swing aligning with the 61.8% Fibonacci retracement. Place a stop-loss order below the previous swing low. ⚫ Risk Management: Maintain a minimum risk-reward ratio of 1:2. Important Disclaimer: This analysis is intended for educational purposes and does not constitute financial advice.
OANDA:BTCUSDLong
by fxtraderanthony
1
Next Stop $2,000,000 - $3,000,000 Through The Fire And Flames.Bonus points to whoever figures out the chart, hell use it to your advantage. Bitcoin will be the best performing asset class in 2024-2025 including Miners outperforming BTCUSD. We got a gift of critics that Institutions were not interested, the Spot ETF would be cancelled. This has suppressed the price by about $50,000. Bitcoins market cap is still not correctly calculated for the active supply / total supply like it is for Gold (that's me telling you the market is smaller than you think). Halvening within months followed by Spot ETF inflows within weeks from this post. I would call this a bull market? but this is something different. This is going to be an emergency allocation market, once marketing goes live on every news outlet, every fund recommends allocation to Bitcoin, less than 4,000,000 active traded coins in the last 7 years. A bull market is something you tell your friends about, this market will be one you wish you did not say a word. Right now the only possible way to stop this from happening an executive order by the President of the United States, followed by a NATO / EU coordinated ban attempt on Bitcoin.
INDEX:BTCUSDLong
by FederalXBT
9
BTC Drop loadingI wasn't expecting the price to rise so much, but doesn't matter. As we has seen lot of times, it's squeezing some shorts. And as always, the higher the squeeze, the deeper the drop. I don't think it will broke above previous high (but i can be wrong), but what is sure is that is going to drop soon. It's clearly a bull trap, and it can go up a bit more before dropping. 41k is my main target, and invalidation will be clean break above 49k. Most important, don't long now.
Short
by SaliJournal
BTC BITCOIN Technical Analysis and Trade IdeaRecently, Bitcoin has experienced a period of consolidation within a specific price range, punctuated by occasional spikes that have targeted liquidity. In the video, we analyze the daily time frame to gain insight into the broader context. We examine the market's trend, structure, and price action, exploring a potential trade opportunity. It's important to note that the information provided is for educational purposes only and should not be interpreted as financial advice.
OANDA:BTCUSD
by fxtraderanthony
$140,000 Halvening Avg Price The Trend Line Has Been Held. In the previous cycles 2013, 2017, 2020 we saw the same major consolidating trend trend line that continues on for longer than people expect (it gets boring). The RSI (LTF) confirms this development enters a parabolic phase once the 70 RSI level is tested. (Not you should only trust these indicators on a very long time frame). Diminishing returns is not relevant here as we can see the 2017 cycle virtually almost replicated the same movement. So we draw all the cycles and it gives us a middle range of around $350,000. This next move will be the fasted and volatile one of this cycle the entire reason this works is people get (bored) during this phase then they don't have months to react you have weeks and days. The environment where the FRED cannot raise interest rate. There is still 10s of trillions floating around the market from QE / BTFP. Institutions relentlessly keep allocating to the Bitcoin ETFs. We are weeks away from the public traded supply dropping under 1,000,000. (lowest in Bitcoins history"" Not counting the first start up years" I hold my positions we see a minimum 8x before the year ends. Unless a global black swan event occurs, nothing will derail this. Watching the reactions at $20,000 when I was promoting the fact we would be near $50,000 within months really gave me a reality check on how little people understand this asset.
INDEX:BTCUSDLong
by FederalXBT
1
The Gann Fan, Interesting development when copied on BTC The Gann theory is based on ancient mathematics, astrology, and natural geometry principles. You can use the strategies based on this theory to predict market movements that are up to 90% accurate. Of course when you talk about astrology the questions rise about logic. But ancient mathematical patterns that form following basic principles its worth noting. Also I copied the current trend pattern onto the last cycles (Nothing is changed) Yet in the priors we see a blue loading phase, purple adjustment phase, red last accumulation phase, Parabolic run.
INDEX:BTCUSDLong
by FederalXBT
BTC Bitcoin Jan 25th Update, do or die for the bullsSharing this update from Jan 23rd with the community here "Crypto is leading again. I was creaming about not going crazy about crypto; you can see why now. Still think that it will hold into mid-Feb; watching for the weekly support to close above 39.9k to confirm. The next support target is at ±36k (38.5k was hit), followed by ±34.3k The main target is at 32-29k It still has a chance of a takedown move here and a move to 46k into mid-February, but so far, the price is quite bearish, also way below mid-Bollinger and trending lower. I will be swing long if 32-29k is tested" One more to note is that the price has broken below is rising channel and a re-test of ~41.3k will be important for the next price action. Im more leaning into the ABC down into Apr/May low with A wave being in progress now!
COINBASE:BTCUSD
by TheTradersRoom