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Btcusdtanalysis

BTCUSDT likely to head up from 2h/4h supportThe long idea has made us wait really long and the short we took did not work out. The price has come back down after spiking through the daily resistance DR1. I would really have like the price to reach to the 4h support 4HS1 in order to take a long trade as originally planned. However, I do see a case for the price bouncing from 2h support 2HS1. It has done so previously and has aimed towards 4h resistance 4HR1. Its again setting up the same scenario. I might allocate some amount in this support zone and wait for the price to come to 4HS1 for the rest. Apart from this short term view, I think BTC is ready for a good move towards upside soon. The stage is kind of being set and prepared and we shall see that very soon. The medium/long term view I will share in a separate post. But in short, I think we see a bigger up move without going below our recent lows made in last days.
Long
by angela_altair
#Bitcoin Current Update ( Daily Time Frame )Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC Everyone is focused on the Major Trendline On the daily timeframe Chart, the Major Trendline is being zealously defended by Bitcoin Bulls. - We might see another 15–18% bullish rally if Bitcoin holds above the Trendline Support (28.4k) and breaks the Wedge upward. - We might test the Crucial Support around 24.9k, though, if the daily candle closes below the Major Trendline. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
15
🚨Bitcoin Falling with the Help of Descending Channel🚨Bitcoin has managed to form a Descending Channel after breaking the 🟢 support zone($29,850-$29,480) 🟢. Over the past two days, Bitcoin has been completing a pullback to the broken 🟢support zone($29,850-$29,480)🟢. Bitcoin is currently near the upper line of the descending channel . 🔔I expect Bitcoin to continue its downward trend in the next few hours . --------------------------------------------------------------------------------------------------------- 🌐➖ Negative News ➖🌐: A new law requiring USA citizens to report Cryptocurrency transactions above $10,000 is one step closer to being approved. --------------------------------------------------------------------------------------------------------- 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 be glad to 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
84
Bitcoin BTC price is waiting for a "fresh" Fed Funds rate todayToday is an important day for the financial markets, in 10 hours (18:00 UTC) the Fed will announce a new rate. 98% of respondents expect a +0.25% rate hike from 5.25 to 5.50. More interestingly, it is predicted that this will be the last rate hike in 2023, and at the end of the year, they may even cut the rate a little. We won't go into the macroeconomics, but usually, when the rate is raised, the financial markets react by falling. That is, the financial markets have the following expectations: +0.25% (projected hike) = controlled market decline +0.50% = a strong decline in the markets. But we also need to look at the flip side of the coin. What if the projected +0.25% rate hike is already "priced in" to the current price? After all, the markets have been correcting for several days. Then, with the announcement of the 5.50 rate, there will be increased volatility in the markets, but the "market players" will say: oh, great, everything happened as expected, the correction has taken place, and now we can grow. Or, in an unlikely scenario, Mr. Powell will want to outplay everyone and say: "CPI is at 3%, which is almost 2%, which we have been pushing the economy to for more than a year, so we decided not to raise the rate anymore!" This will simply blow the markets up. Now let's take a look at the BTCUSDT chart On July 24, sellers managed to push the BTC price below the support of the 32-day consolidation in the range of $29500-31500. It would seem that the first thoughts are: everything is lost, trouble, the sellers have won, you need to sell everything... But take a closer look, do you see the increased trading volumes at the breakout of $29500? The massive triggering of long stop orders should have accelerated the fall, and there would have been forced liquidation of positions. But we didn't see anything like that. Could this be a bear trap? Today we will get answers to most of our questions: - If buyers fail to gain a foothold BTCUSDT price above $29700, then the red scenario with targets of $28100 and possibly $27300 will be finally confirmed and activated. We also want to note that we probably shouldn't expect a BTC price of $20-15-10-7 thousand or whatever guru-influencers-traders predict, because the cost of mining 1BTC is now $20-23 thousand. And then there is also a halving in 9 months, which will increase this cost at least twice. - If buyers manage to gain a foothold BTCUSD price above $29700, then the blue scenario with a target of $34200 will become completely real. Now, read the first half of the idea again. And I would like to conclude with a well-known trader's phrase: "Buy the Rumor, Sell the Fact". _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
52
Bitcoin Bearish Retest?BINANCE:BTCUSDT CRYPTOCAP:BTC has been going sideways for a very long time. CRYPTOCAP:BTC Bearish Retest of highlighted zone could provide downside ideas to major support at 25.2k zone. The Bearish Retest could be clean into the highlighted zone or be a "dirty retest" that breaks this zone and then breaks down. FOMC meeting outcome on Wed 26 Jul so trade with caution. On larger time frames FOMC meeting has no impact on larger trade plans. If you appreciate my efforts, spend half a second and give me a Boost! Thanks!! Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
by imr4nkh8n