Get started

Btcusdtanalysis

Bitcoin Analysis==>> Death Cross HappenedBitcoin is moving near the Resistance zone($63,000-$61,450) and the upper line of the Ascending Channel . Finally, the Death Cross Sell Signal was seen yesterday. Death Cross Signal : The death cross appears on a chart when an asset's short-term Moving Average(MA) , usually the 50-day, crosses below its long-term moving average, usually the 200-day . Also, we can see the Regular Divergence(RD-) between Price and Volume . I expect that Bitcoin will NOT be able to break the Resistance zone($63,000-$61,450) in this attack and at least fall to the lower line of the ascending channel and the Support zone($58,500-$57,140) . Note: If the Resistance zone($63,000-$61,450) is broken, Bitcoin can rise to $65,000. Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
23
Bitcoin BTCUSDT currently trading around the $60,539.9 levelThe BTCUSDT chart shows Bitcoin currently trading around the $60,539.9 level. The price has seen some volatility recently, with significant movements both upwards and downwards. Key Points: Support and Resistance Levels: The price recently reached a local high (TP2) around $61,112, but faced resistance near $62,375, causing a pullback. There is significant support near $58,267.5, as indicated by the recent entry marked by RICHI. This level could act as a key point for further upward movements if the price holds above it. Recent Trade Setups: A long position was initiated around $59,000 with a maximum profit of 16.94%, showing a successful upward move that hit the take profit levels (TP1 and TP2). A short position was also triggered after the price failed to break higher, leading to a brief downward movement. However, this short trade appears to have been closed as the price bounced back. Current Scenario: The price is now consolidating around $60,500. If it breaks above the recent high, it could retest the resistance at $63,000. Conversely, if it drops below $58,267.5, we might see further declines toward the next support levels at $57,000, $55,733, or even $54,044. Potential Targets: On the downside, potential targets for further decline are set at $57,000, $55,733, and $54,044. These levels align with previous support zones and Fibonacci retracement levels. On the upside, the key resistance levels are at $62,375 and $63,335, which Bitcoin needs to overcome to continue its bullish momentum. Conclusion: Bitcoin is currently in a critical consolidation phase. Traders should watch for a decisive breakout above the current resistance levels or a breakdown below the support to determine the next major move. Holding above $58,267.5 could be bullish, while a fall below this level might indicate a deeper correction.
by RICHI_CRYPTO_SIGNAL
What's the nearest future for altcoins?This week, we'd like to take a local perspective through a look at BINANCE:ETHBTC significant drop last week (-7.63%). At the moment the movement is defined by three models. AMEXP model (green) is located on the weekly timeframe, where we are interested in two levels in the local perspective: 2 point level (0.05115) and 4 point level (0.04622)👇 On the daily timeframe, the current movement is described by the AMEXP model of June 27 (turquoise) and the EXP model of July 7 (yellow). In the turquoise model we are primarily interested in the level of 1 point (0.05151), level 0.05045 and level 0.04738 (where the price pivoted on July 27)👇 In the yellow model - level 4 point (0.05216) and level 0.044👇 In conclusion, the BINANCE:ETHBTC price may now continue to rebound towards at least the trend line of the yellow pattern, and at most to the zone of strong resistance accumulation from 0.05045 to 0.05216. After that, we may see a continuation of the drop to floor targets such as 0.04622 and 0.044👇 Based on this we can conclude that now most altcoins look weak and we don't see any opportunity to accumulate additional speculative positions - we will continue to work from the accumulated shorts. Also, a reminder of the open GEP's on CME:BTC1! at $57,805 and $65,835 that continue to be strong magnets👇
by TSFC
BTCUSDT - UniverseMetta - Analysis#BTCUSDT - UniverseMetta - Analysis Clear boundaries of the sideways trend in which the price has been since March are visible. We can consider H4, the formation of a 3-wave structure in continuation of the upward movement, to the upper border of the sideways trend. If the price fixes above the border and the level is retested, it will be possible to consider purchases with a target of 80,000. To cancel the idea or purchase additional assets, it is better to consider a breakout of the minimums beyond the lower border. Target 60680 - 80000
Long
by Trade-U-Metta
Bitcoin – CRUCIAL LEVELS TO WATCH amidst the dipIn the last 24 hours, Bitcoin (BTC) has experienced a significant decline, dropping below the $60,000 price range. Given the current trend and the market’s volatility, could we see a further drop to the $40,000 price range? Analysis of Bitcoin’s price trend highlighted a significant downturn over the last 24 hours, with a drop of over 9%. Bitcoin was trading at approximately $52,900, with its decline hovering between 8% and 9% within this period. Using the price range tool, it was evident that since the onset of the major decline around August 2nd, Bitcoin has experienced a substantial decrease in value, amounting to over 24%. Using the Fibonacci retracement indicator to analyze Bitcoin’s price trend offered valuable insights into potential future movements. Notably, if BTC’s price managed to hold above the 23.6% retracement level, it could ascend to test higher Fibonacci levels. The chart showed it could specifically test the 38.2% level at approximately $56,847.56 or even the 50% level at about $59,127.13. Conversely, if the downward trend persists, the next critical support, according to the Fibonacci retracement analysis, would be at the 0% level, around $49,467.88. Additionally, the Relative Strength Index (RSI) analysis showed it was in oversold territory. Typically, this could indicate an imminent price reversal or bounce, as buyers might consider it an optimal point to enter the market. However, it’s crucial to note that during strong downtrends, the RSI can remain in the oversold zone for extended periods. Additionally, the Moving Average Convergence Divergence (MACD), another momentum indicator, shows bearish momentum. Considering these factors—the bearish MACD, the oversold RSI, and Bitcoin’s positioning relative to key Fibonacci levels—the short-term outlook for Bitcoin appears to be bearish.
by paul_endeo
🗺️Bitcoin Roadmap🗺️🧐Today, I want to analyze Bitcoin for you in a weekly time frame so that maybe it can give us a good view of the continuation of Bitcoin's movement . 🏃‍♂️If you look at the chart, Bitcoin is moving in the Ascending Channel in the weekly time frame, the ascending channel I have drawn seems to be a valid channel, so that the middle line of the ascending channel has played the role of resistance and support well. 🏃‍♂️Bitcoin is moving near the ascending channel's midline , the pitchfork line , the Resistance lines , and the 🟡 Potential Reversal Zone(PRZ)($82,800-$73,200) 🟡➡️ So it shows that Bitcoin is facing an Important Resistance(Supply zone). ⚖️If we look at the chart, it looks like we can expect similar moves before the 2020 Halving . Move 1 is similar to move 3 , and moves 2 and 4 are similar, so if we want to expect similar moves, Bitcoin should start correcting . And until the 38.2% and 50% Fibonacci corrections (we should NOT consider the decrease of Bitcoin in Covid ). I have drawn the possible move for you in the chart below.👇 🌊According to the theory of Elliott waves , Bitcoin can follow two scenarios, and it depends on future events and news . The scenario is as follows: 🚀 Bullish scenario ( more likely due to Halving, ETF, etc ): Bitcoin has completed the main wave 3 at $73,777, and we should wait for the start of the main wave 4 and then increase towards $87,000-$99,000-$112,000 . 🚨 Bearish Scenario : Bitcoin has finished the main wave C at $73,777 (or a little higher), and in case of breaking the 🟢 Heavy Support zone($50,000-$38,500) 🟢, we should wait for Bitcoin to fall (the fall can continue up to 😱 $18,000 😱). Of course, according to the current market conditions, this scenario is somewhat unlikely, but it is still possible, if Bitcoin goes above $77,000 , this scenario will be removed in general . 💡If we look at the RSI indicator in the weekly time frame , we can see that it seems that the RSI has succeeded in forming a Rising Wedge pattern , which can correct the upcoming correction of Bitcoin. 💡In the 1-hour time frame , Bitcoin has formed an Ascending Broadening Wedge pattern , which can be a sign to start the correction of Bitcoin . 🔔According to the above explanation , we can conclude that Bitcoin correction can start soon ; Bitcoin can have a correction to 🟢 Heavy Support zone($50,000-$38,500) 🟢 and then we have to wait for the next movement of Bitcoin( Re-pumping is more likely ). ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), Weekly time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
74
#BTC/USDT TA + Altcoin Strategy, Don't Repeat this mistake!!Welcome to this quick update, everyone. **BTC Update:** Yesterday, BTC made a low of 62,300 on Binance but quickly bounced back, closing around 65,354.02 with a beautiful Hammer candle on the Daily chart. While the 4-hour chart still looks bearish, the Daily chart is holding strong around the $63k support level, with the 100 SMA acting as a key support line. This price action is promising. **My Strategy:** I'm staying on the sidelines for now, waiting for another Daily candle to confirm if this price action sustains. The Weekly close will provide more clarity. Currently, the market is choppy, which isn't ideal for trading futures. My strategy remains the same; I'm expecting the market to show some fireworks in the next 3-4 weeks. There may be one last dip before a rally, so I'm keeping some USDT in reserve. By the end of this month, I plan to buy 5 strong altcoins that I believe will perform well in the next 6 months. Follow me for the list! **Trading Advice:** Don't lose money on futures; this is the best time to build a strong portfolio on spot. If your portfolio is small and you plan to trade futures, make sure you're taking profits on every move. Even the best traders get beaten by the market; the only thing that matters is your position size. If you lose your monthly P&L in a single trade, it simply means you're being greedy and not learning from your mistakes. Don't do this! I hope this helps! If it did, please hit the like button to support my content and share your views, comments, questions, or chart requests in the comment section. Thank you, and #PEACE!
by Cryptorphic
6
BTCUSDT at weekly support, likely to head up to 106000The price had rallied well from the low it has made in the beginning of july 2024. But the weekly resistance WR1 stopped that rally again and the price has pulled back since then. This retracement has now reached a confluence of dailys support DS1 and weekly support WS1. There is a chance that the price reverses from here but the possibility of dipping it further into weekly support zone WS1 cannot be ignored. However, this daily support will definitely cause some bounce which we can also be used for a long trade but that lower time frame setup we will talk in a separate post. This setup is meant for the long shot where the price is likely to head to 106k area after the reversal. The current month is looking bullish from the monthly candle perspective and therefore, this a long trade is favorable from weekly support WS1, even though it might dip further into WS1 zone.
Long
by angela_altair
BTC (Bitcoin): Approaching ResistanceTrade setup : Price got oversold (RSI ~ 30) near $56.5K support and bounced back up. It broke back above 200-day MA (~$58.7K) and above $60K key level, which signaled resumption of uptrend, and is now approaching our near-term target of $72K. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $72K to signal continuation of uptrend, with +10% upside potential to $79K next, or 2) pull back near $60K support for another swing trade entry in Uptrend with 20% upside potential back to $72K. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Neutral. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $60K, then $56.5K. Nearest Resistance Zone is $72K
Long
by altFINS
BTC/USDT Outlook ICT ConceptsBitcoin (BTC/USDT) Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on BTC/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: In the previous analysis, we anticipated the price to expand higher after sweeping the liquidity of the previous month's low and the sell-side liquidity below that level. This bullish outlook has continued to hold up until now. 📍 Current Market Overview: The current price is around 68,184.01. The previous week's high has already been taken, and the price is close to sweeping the buy-side liquidity (BSL) at higher levels. 🔍 Identifying Key Levels: • PMH: Previous Month High • PWH: Previous Week High • PWL: Previous Week Low • BSL: Buy-Side Liquidity • SSL: Sell-Side Liquidity • SMT: Smart Money Technique • Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe 📊 Key Considerations: • Current Price Position: The price is trading around 68,184.01, close to sweeping the buy-side liquidity. • Key Levels Swept: The price has taken out the previous week's high and is near the BSL. • Potential Retracement: After sweeping the BSL, a retracement back into the previous week's low or the FVG above it is anticipated. • SMT with ETHUSDT: The Smart Money Technique (SMT) with ETHUSDT indicates a bullish outlook, suggesting that the lows below the SMT may act as protected levels. 📈 Bullish Scenario: Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Retracement to Key Levels: After sweeping the buy-side liquidity, the price retraces back into the previous week's low or the FVG above it. • Protected Lows: The SMT with ETHUSDT suggests that the lows below the SMT may act as protected levels, supporting a bullish continuation. 📉 Bearish Scenario: A bearish scenario is likely if the following conditions are met: • Sweep of BSL: The price sweeps the buy-side liquidity, indicating a potential reversal and bearish movement. • Failure to Hold Above Key Levels: If the price fails to hold above the key levels and starts to decline, further bearish movement is likely. 📊 Chart Analysis Summary: • Bullish Expectation: The expectation is for the price to potentially sweep the BSL, retrace back into the previous week's low or the FVG above it, and then continue higher. The SMT with ETHUSDT supports a bullish outlook. • Bearish Expectation: If the price sweeps the BSL, it could signal a bearish scenario. If the price fails to hold above the key levels and breaks below the recent lows, further bearish movement is anticipated. 🧠 SMT Explanation Smart Money Technique (SMT): SMT divergence occurs when two correlated assets, such as BTCUSDT and ETHUSDT, exhibit different price behaviors at their respective lows. In this case, ETHUSDT created a lower low, while BTCUSDT made a higher low. This SMT divergence indicates a bullish scenario for BTCUSDT, suggesting that the lows below the SMT may act as protected levels. 🙏 Thank you for joining us! Exploring BTC/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
BTCUSDT at daily support, likely to head to 66300The price retraced to daily support DS1 after getting rejected from weekly resistance WR1. Weekly resistance was supposed to push price down, specially after that level being a strong zone for liquidity. However, the daily support is a good zone for the support. The price may trade here for a while but I believe the price will bounce here at least towards 4HR1. We will see how the price reacts once it reaches 4HR1 and act accordingly. Therefore, lets try this long trade setup. Let me know what you think.
Long
by angela_altair
BTC - Local perspectiveOver the weekend INDEX:BTCUSD re-contested the $66,141 level and now we see consolidation above this level. If the consolidation continues and the price can successfully consolidate above this level during this week, there are all chances for the price to rise towards the next model level - to the price of $73,518, the resistance zone, very close to the historical maximum. If the price returns under the level of $66,141, it is reasonable to expect a move towards $61,083, $59,505 and the unclosed GAP at the CME:BTC1! at $57,805:
INDEX:BTCUSD
by TSFC