Btcusdtanalysis
BTCUSDT to break 4h resisatance and move higherPrice was consolidating under 4h resistance 1 zone and finally broke out of that to the upside. I believe this 4h resistance 2 zone is not going to bother the price much this time and the price, with just a bit of hesitation, will break it to the upside.
Bitcoin BTC price trade and analysis situation on crypto marketToday, we will try to draw up a trading plan for the BTCUSDT pair and the cryptocurrency market in general for the current week.
After BTCUSDT hit a new high last week, sellers tried to push the price down. As a result, the price dropped quite sharply from $25250 to $23350.
The weekend has passed, and it looks like buyers are not planning to give up.
It is very likely that a consolidation trade is taking place now to continue the growth.
Trading plan:
if buyers manage to keep the price above $24000 or breakthrough and gain a foothold above $25200, this is a "strong long" with a likely continuation of growth to at least $27300-27400
if the price is fixed below $24000, the correction will continue to at least $22000, and maybe even lower
The main thing is to wait until one of the conditions is fulfilled and then make a trading decision.
If you look at the ideas that we made last year on big time frames:
Bitcoin & Cryptocurrency results of 2022 and plans for 2023-2025
How much can the Crypto market capitalization grow by 2025🔥?
it seems there is still time, space, and opportunity for continued growth in the near future, both for Bitcoin and altcoins.
What are your thoughts? What will happen to the market this week? Share your thoughts in the comments
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BTCUSDT likely to hit previous 4h support zoneBTCUSDT clearly got rejected from the 4h resistance 2 zone marked on the chart. Currently it is struggling to hold the 4h resistance 1 zone from where it broke out and attempted to break next resistance zone. The price will momentarily bounce here as current zone marked as 4h resistance 1 zone will act as a support.However, a next hit to this zone will let the price flow towards the next 4h support area.
BTC Bitcoin New Week MovePair : BTC ( Bitcoin )
Description :
Break of Structure and Making its Retracement till its Daily Resistance Level
Divergence
Completed " 123 " Impulsive Wave and making Correction for the " 4th " Impulsive Wave
Impulse Correction Impulse
It can Reject from the Current Level or it can Go till the Daily S / R Level
BTCUSDT : Analysis , 1DHello traders, we want to check the Bitcoin chart in the daily time frame. The price has broken out of a descending channel, but this does not mean that the upward trend has started. After settling in a range channel, the price has now reached the channel ceiling. How the price reacts to this area plays an important role in the future trend of the market. In order for the overall market trend to become upward, the price of Byte can break this area well. If the price can break this area, the next targets we expect are the price It will reach 28,000 and then 30,000, but if the price shows its weakness and fails to break the area upwards, we expect it to fall around the price of 21,000. Good luck.
BTCUSDT right on its way to monthly resistance of 35k-37k zoneLet again have a look at the monthly view. We are on the right path on the monthly resistance around 35k-37k zone. This was also mentioned in one of the posts on 29th January.
There will be some pullbacks in between but I think the probability favors that the price hits the monthly resistance.
BTCUSDT heading for next weekly resistance at 29700Weekly candle looking very strong and good. Next weekly resistance sits around 29700. Looks like price is headed first for that weekly resistance. As mentioned in one of the previous posts on jan 29th, the significant target is monthly resistance at 35k-37k range. But let us focus on the weekly first.
BTCUSD 30m Short sellingHello guys,
This is a very urgent trade. What are we going to see today is Bitcoin. COINBASE:BTCUSD is coming very fast to continue its resistance level . So speed is very important in this. This is an opportunity to short sell .
Trade safe!
Thanks & Regards,
Alpha Trading Station
#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC/USDT ANALYSIS
BTC is retesting over the descending channel and trading above the Ichimoku cloud. Volume is going in favor of bulls, as we can see in the current wave that bulls are still dominating.
BTC is taking a correction to balance the wave structure, and a strong bullish rally is expected just after the completion of the corrective wave.
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 youvel of $21300.
BTC - Short strategyBYBIT:BTCUSDT.P
4h time frame
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BTC did a pump after announcing CPI, but still faces the structural resistance (22350~22500)
According to last BTC analysis, we can set final TP at 20900 which is a nice support level to form an inverse HS.
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Entry: 22350~22500
TP: 21200, 20900
SL: if successfully break up this DC(Descending channel)
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
Nothing has changed from my last idea, we got correction like i expecting.
I think that we should get one more decline in zone 20500-19500 before continuation of growth.
Target zone: 27-31k
Stop: under 17k
Good luck everyone!
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Open to any questions and suggestions.
SasanSeifi 💁♂️ BTCUSDT / 6H Update ✅$21600 ReachedHI Everyone. As you can see, after a negative reaction from the $23,400 range, the price faced a correction by breaking the important $21,300 support zone. The first target was touched at 21,600.
Currently, further correction is possible in the range of $21,000/20,700/20,500.
❎ (DYOR)...⚠⚜
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BTCUSDT : Short Trade , 1hHello traders, we want to check the Bitcoin chart in the 1-hour time frame. Bitcoin has broken down the price range with the power of a zone, and the price zone of 22300 and 22500, which was a support level, can now play the role of a resistance zone for us. slow. If the price of a correction goes back to this level as well as the trend line, we expect the price to continue its downward movement until the next key level, which is the price of 22,600. Good luck.