#BTC/USDT Weekend Update!#BTCUSDT: Not much is happening—just sideways price action on low volume due to the weekend. Expecting more volatility on Monday after the weekly close.
For now, OB remains untested so be ready if that gets tested, possibly $63k-$64.3k.
It will give us some good entries for scalp and swing in altcoins.
With both the monthly and weekly closes approaching, these will be crucial. We’ll need a few confirmations for the anticipated "UPtober." I’ll be sharing more details on Monday.
Alts?
Alts might be choppy for now, but I expect strong rallies next month.
Remember, dips are for buying!
Have a great weekend folks!
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
BTCUSDC
#BTC All big time frames & all indicators leads to 40K & 30K
#BTC
**** All Big time frames & all indicators leads to 40K then 30K and may be less.
**** #BTC plan here is for bigger time frames only and this plan may be take very long weeks.
*** Check the daily trend in my account @Crypto_alphabit
******************************** This is my expectation for next weeks **************************
****************( MAY BE I AM COMLETELY WRONG, PLEASE DO YOUR OWN PLANS ) *****************
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BINANCE:BTCUSDT
BINANCE:BTCUSDT
"RAREUSDT: Has the Bottom Been Reached? Preparing for a PotentiaAfter experiencing a massive 360% drop, RAREUSDT has nearly erased all of its previous gains, eventually hitting an interim low around the 0.12 mark. However, there are now signs of potential recovery on the technical front.
At present, the price has stopped hitting fresh lows and is stabilizing in a consolidation phase with reduced volatility. The market is drawing attention to the 0.136 resistance level, where several false breakouts have occurred. Despite these, there has been no significant downturn, with the price instead retesting the key resistance area repeatedly. This pattern increases the likelihood of a breakout and a potential rally towards the 0.158 - 0.17 range.
Key levels to watch include resistance at 0.136 and support at 0.1254, aligned with the 50-period moving average on the H4 chart. The price is firmly holding above the MA-50, and if it consolidates further in this zone, it could trigger a bullish scenario. Breakout confirmation would pave the way for upward targets, as outlined on the chart.
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
Bitcoin (BTC) Technical Analysis and Trade Idea👀 👉 Bitcoin has been range-bound for a while, recently reaching a key resistance level. The bullish momentum appears to be weakening. In this video, we dive into the trend, price action, and market structure, exploring various possibilities for a potential trade setup.
Disclaimer: The information provided in this video is for educational and informational purposes only and should not be considered financial advice. 📊✅
#BTC/USDT#BTC
The price has broken the descending channel on the 12-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 53000
Entry price 62000
First target 65240
Second target 69200
Third target 73600
Bitcoin (BTC/USDT) on daily chart - technical analysis+price preTechnical analysis Bitcoin (BTC/USDT) on daily chart by Blaž Fabjan
Price Range: The chart shows a long-term descending channel with resistance at the upper trendline and support at the lower trendline. The price is oscillating between these two levels.
Current Price: $63,532.74 as of the timestamp on the chart.
Support and Resistance:
Resistance is marked around $68,000 to $70,000.
Support is marked around $55,000.
Indicators Used:
RSI (Relative Strength Index): The RSI is currently around 63.05, showing slight bullish momentum but nearing overbought conditions.
Stochastic Oscillator: It shows an overbought condition with values above 80, indicating the potential for a pullback.
VMC Cipher_B_Divergences: This is a volume momentum indicator, showing possible divergence signals, with some indications of bullish divergence.
Patterns and Predictions
Channel Pattern: The price has been respecting the descending channel with a number of touches on both resistance and support lines. Currently, the price is near the midline of this channel.
Potential Move:
In the short term, the price could follow the channel’s structure and retest the support around $60,000 or even $55,000.
After touching support, a potential bounce is expected, which could lead the price to test the upper resistance of the channel at $68,000–$70,000.
Trading Plan
Short-term Bearish Scenario:
Entry: Consider entering short positions if the price fails to break the mid-channel line (around $64,000) and shows signs of reversal, with targets around the $55,000 support.
Stop-loss: Set a stop-loss just above the resistance line at $68,000.
Take-profit: Look to take profits around $60,000–$55,000, depending on risk appetite.
Long-term Bullish Scenario:
Entry: If the price successfully tests support ($55,000) and shows bullish reversal signals, consider entering long positions.
Stop-loss: Place a stop-loss slightly below the support zone ($52,000).
Take-profit: Initial target could be the upper boundary of the channel at $68,000, with an extended target beyond $75,000 if the price breaks out from the descending channel.
Breakout Scenario:
A breakout above the $70,000 resistance with strong volume could indicate the start of a bullish trend reversal.
Entry: Consider entering a long trade on the breakout above $70,000.
Take-profit: Target $75,000 to $80,000.
Risk Management:
Given the overbought conditions on the stochastic indicator, caution should be taken with long positions unless a strong confirmation of support bounce occurs.
Monitor volume and divergence signals from the VMC Cipher_B_Divergences indicator for additional confirmation.
This analysis assumes a near-term continuation of the channel pattern, with a possible bullish breakout in the longer term if price action shows strength at key levels.
Bitcoin BTC price trading plan to the end of 2024Last week was full of macroeconomic events, we write about it at previous idea
The cryptocurrency market took them positively and grew on rumors.
There is a legendary quote: “Buy on rumors, sell on facts.”
Therefore, we do not rule out that this week OKX:BTCUSDT and the crypto market in general may plunge into correction.
Still, we need BTC.D - 57.7% and USDT.D - 5.50% to fall significantly lower for the market to really “come to life”
Fear and Greed Index (neutral) - 50
As long as CRYPTOCAP:BTC price is above $57,000 , it is globally in an upward trend and at the same time in a protracted consolidation since May 2024.
Perhaps a confident exit from this consolidation will take place in November, after the US elections on 05.11 and the next Fed rate cut on 07.11
_____________________
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BTC in trend📊Analysis by AhmadArz:
🔍Entry: 62.200
🛑Stop Loss: 61.658
🎯Take Profit: 62.654 - 63.170 - 63.840
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
#BTC/USDT
#BTC
The price broke the descending channel on the 4-hour frame upwards but the broken channel is expected to be retested
Also, the 100 moving average is broken again
We have an uptrend on the RSI that is expected to be broken
We have a support area at the lower limit of the channel at 57700
Entry price 59700
Target 57980
Bitcoin BTC price is preparing for a “crazy” SeptemberIf we compare the stock market drops at August 05 and September 03, we can say that the crypto market is still holding up very well.
But we shouldn't relax, because there are a lot of events coming up in September that will set the tone for the Autumn:
1️⃣ September 6 - data from the labor market. July 5 and August 5 were extremely volatile downward after the data release. Now the market interprets and considers the most important indicator of the health of the US economy to be not inflation but the number of jobs created. Based on this data, on August 5, the market plunged into a not so pleasant weekend when CRYPTOCAP:BTC went below $50K.
2️⃣11 September - publication of the CPI and inflation data in the United States.
3️⃣18 September - the results of the two-day Fed meeting, the announcement of a rate cut. It's elegant that this day is also a full moon, conspiracy theorists are on the base)
4️⃣20 September - a hat trick - a day when stock options, stock index futures, and stock index options expire on the same day. This happens only four times a year - on the third Friday of March, June, September, and December, which can lead to a sharp increase in trading volume and volatility.
🍿 Preparing popcorn and soothing valerian)
And if you look closely, you can see how beautifully OKX:BTCUSDT price moves through white dynamic fibo channels, from border to border.
So use this information to your advantage, with profit!)
BTCUSD H4 Analysis: rate cuts decision today big move expectedMy dear friend and fellow trader, I am writing to you today with great joy and pleasure.
BTCUSD H4 Analysis:
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
BTC buy📊Analysis by AhmadArz:
🔍Entry: 57,157
🛑Stop Loss: 57,288
🎯Take Profit: 59,524 - 61,206
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
#BTC/USDT#BTC
The price broke the descending channel on the 4-hour frame upwards, but it is expected to retest the broken channel
As well as retest the 100 moving average again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 53400
Entry price 60200
First target 58900
Second target 57170
Sep 16,2024 short term bitcoin analysis Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency is approaching support at 58000 points, which may give a positive reaction. However, a break downwards through 58000 points will be a negative signal. The currency is assessed as technically neutral for the short term.
#BTC/USDT#BTC
Bitcoin price is moving in a descending channel on the 4-hour frame and is largely adhering to its borders.
The price has touched the lower limit of the channel, which is considered a support area in green at $53,000.
The price is now 54,600, which is the entry point.
The price is expected to reach the upper limit of the channel at $56,730.