Btcusdtlong
#Bitcoin needs to reclaim the 70K!#Bitcoin update
BTC is forming this bullish parent/symmetrical triangle pattern in the four-hour time frame; here, 200MA is working as good support.
currently tapped into the support deeper till the bottom area and reacted a bit. Price Seems to be hodling the support and might gonna reverse from here.
we need to reclaim the 70K resistance for bullish momentum.
But for now, the
Dusk is still in the air; it is better to wait for the market to stabilize.
Stay tuned for more updates.
BTCUSD:Go short first, then go long
BTCUSD:
It is currently located near the resistance level, and the strong resistance is near 72400. According to the 30M chart, the transaction should be short first, pay attention to the support and strong support before conducting long transactions. In the 2H chart, the MACD indicator is biased towards the long side.
You can choose to go long near the support, and the chance of hitting strong resistance is relatively high.
Complete analysis of BTCHello dear friends, I hope you're doing well.
Currently, Bitcoin is in a ascending channel.
Given the ongoing conflicts like Russia-Ukraine, Israel-Hamas, and Lebanon, people's excitement for buying is natural.
In my opinion, two scenarios could unfold:
1: Due to people's emotional behavior and speculative pricing, after reaching the FVG range around $73,000, Bitcoin could return to the channel's floor.
2: After a bullish move to the middle of the channel, we might head towards the historical ceiling at $74,000 and then return to the channel's floor.
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Please note, this market is full of smart and psychological traps.
For example :
Pay attention to the yellow triangles. They often represent strong support after multiple touches, allowing for comfortable long positions upon subsequent encounters. Also, the possibility of fake breakouts at the channel's ceiling is high.
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Regarding important news about USDC stablecoin:
Binance has halted support for USDC stablecoin on the Tron network.
What might be the reasons behind Circle (the issuer of USDC) removing support for the Tron network?
Most likely, USDC has been forced to take this step to appease US regulators.
There's a high likelihood that Justin Sun, a major figure in the market, might face a fate similar to CZ. He manages TRX, BTT currencies, and the Poloniex exchange.
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Regarding Tether dominance, the $3.80 support range is the biggest barrier to Bitcoin's upward movement.
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Timeline analysis:
Friday, March 28, and Tuesday, April 8, are crucial days ahead, preceding the halving event.
I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy.
BTCUSDT → Trade Analysis | BUY SetupHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity BTCUSDT
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BTC ANALYSIS🔴 #BTC Analysis : 8 Hour Timeframe
🔮The price is breakout from the triangle pattern👀
A breakout followed by a retest of the triangle's support could confirm bullish momentum📈
🔰 Current Price: $68955
🎯 Target Price: $73690
⚡️What to do ?
👀Keep an eye on #BTC price action. We can trade according to the chart and make some profits. ⚡️⚡️
#BTC #Cryptocurrency #Breakout #Retest #DYOR
btcusd analysis Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
📈Quick BTCUSDT Setup using Bollinger Band📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Traders.
In this setup, our goal is to enter a buy or sell position based on price movements next to the middle line of the Bollinger band and pitchfork.✍
The price reacted negatively when it first touched this line and is now trying to stabilize above the middle line of the pitchfork.✍
The stabilization of the price above the pitchfork and its crossing of the middle Bollinger line starts the bullish scenario.✍
Otherwise, the downward scenario begins.✍
Tip: The 4-hour trend is still strongly bearish and there is a possibility that the price of Bitcoin will reach $69,000 and then fall again. Keep in mind, along with Bollinger, it is also important to analyze the overall structure of the trend in your timeframe.✍
Which scenario do you see as the winner in the current structure?💥
My Structural Analysis: The market will experience a bullish retracement and then return to low support levels.
BTCUSD reached trendlind supportBTCUSD has overall bullish trend. As predicted in my previous idea, BTCUSD move downward to the support trendline.
Since the overall trend is still very bullish, I believe that BTCUSD will move upward to its resistence on 72000.
On the big picture, I still believe that BTC will go to 50.000 before move to 90.000-100.000 range.
Good luck!
#Bitcoin bounced from our Support zone, What's next?#Bitcoin is currently encountering resistance. Is it a liquidity hunt around the all-time high (ATH), or a genuine breakout?
Nobody knows for certain! We're in a waiting game. Based on previous charts, we seem to be leaning towards Scenario 1.
A break and close above this level could potentially trigger a rally to a new ATH.
Fingers crossed for a positive outcome! 🤞
Caution:-
With just 10 days to go for the Halving, it's crucial to note that corrections often occur around halving dates. Exercise caution with your leverage positions.
I am spot long and ready to load any dips in Altcoins!
Conclusion:-
While BTC appears poised for a breakout, it's crucial to acknowledge the possibility of a correction in this area.
I'll ensure to keep you updated, so please remember to hit the like button and bookmark this chart for future reference! 📈
BTCUSDT at daily support and likely to head upAnd here comes the setup as promised. The price has hit the daily support and has bounced from there although not significantly. Howeverm it is currently trading above that zone and it seems likely that the price will push upwards during the day and that should result in a green daily candle today. We will reevaluate the price action at the end of the day to see where we might be heading. But for now this is the plan as presented below.
BTCUSD / Potential Long Trade ✅💡Hello Traders!
BTCUSD is currently manipulating the price between 65-70k. I expect the BTC to retest the price of 70K before targeting the price of 80 K. I'm waiting for a retracement until the below FVG as a confirmation for a long entry, taking into consideration that we are in a triangle pattern that could result in a price breakout.
Wait for confirmation!
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BTCUSDT | ABC wave target projection TFW +75-80K USDThis TFW wave analysis in this scenario of a 5 wave expanding diagonal structure:
w.1 - completed Dec 2017
w.2 - declined @ 78.6% of w.1
w.3 - an impulse 5 wave @ extension 361.8% of w.1.
w.4 - also @ 78.6% of w.3 ABC structure (alt count 1-2-3-4-5) overlapped w.1 zone by 10%+/-.
w.5 - currently preferable ABC or 123 structure with a complex w.B/2 wave correction @ 38.2% (B wave is often complex pattern) of w.A/1. The impulse move of the current wave c.3 now extended above fibonanci 261.8% of w.a and sustaining at above level 65K USD
The current price movement could be entering liquidity zone approaching the major upper trend/channel resistance and the next fibonanci wave C/3 target at 361.8% around 75-80K.
Supported Indicator: weekly RSI @ 90 the highest level with convergence value - a possible higher price with a bearish divergence confirm the next move for a trend signal for reversal/decline.
Bearish count scenario - daily price movement possible ABCDE triangle - minor 4-wave for a short-term correction resulted in a lower price of minor 4-wave.
Always affordable risk and respect your stop.
BTC Big triangleAfter BTC reach bearish target at por previous analysis, BTC go down a little more to to perform a big triangle pattern.
if this triangle support able to hold bearish, next bullish target at triangle resistance at 70.763
But if this pattern broken down,.. I will make a new analysis.
Good luck
BTC/USDT UPDATE Bitcoin's recent price action has seen it fill the CME gap, suggesting that selling at current levels may not be the most strategic move. Instead, this zone is now viewed as a buying opportunity. I anticipate that Bitcoin will reach 76k in the coming days. There are two likely scenarios: the first involves a direct bounce from the current zone, while the second entails a temporary drop below support to clear out panic sellers before resuming the upward trend to 76k. Personally, I favor the second scenario, as I believe Bitcoin will first induce traders to sell before initiating a strong bounce. Overall, my sentiment is bullish on Bitcoin's outlook.
📈Bitcoin is on a crossroads? / Trading setups (Updates soon)📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
As long as Bitcoin is above Bollinger midline, it will continue its upward path until returning to $75K.
The bullish scenario will be canceled when Price returns below the Bollinger midline and stabilizes there.
BTC - Fortnightly Outlook - 01/04 to 12/04The bulls won! They pushed prices above their historic highs, and ETFs also performed remarkably well, backed by securities houses. A beautiful victory! But now, who will be the next opponent?
Just like gold, is Bitcoin (BTC) fulfilling its role as a protective reserve? Given recent news, it appears so. Everyone is rushing into cryptocurrency, just like they rush into gold when things in the world seem to go off the rails. Curious, isn't it?
Let's analyze the graph:
Long term: There are no signs of a change in direction in the long term. The uptrend remains firm and strong, pointing towards new highs. Impressive, isn't it?
The SETUP used does not indicate a weakening of this trend. Therefore, we do not expect abrupt corrections (or disasters) at the moment, unless something unexpected happens (lol) and the market decides to treat BTC as a punching bag (regulation, government interference, etc.). See the image below, with all SETUP targets achieved, including forming the “Golden Triple of SETUP”. Incredible strength!
Mid-term: The dispute between bulls and bears continues. Sometimes bulls thrust their horns upwards, while other times bears lunge downwards.
The corrective channel outlined previously is being respected, and there are signs that we may have an H&S (Head and Shoulders) pattern. Interesting, isn't it?
An important warning: The bears appear to have set a trap for the bulls. The loss of the 66.5K range makes room for corrections up to 42K. For this to happen, prices just need to start working below 70K, especially if this week's candle closes below that level. See the image below.
Short term:I leave a beautiful image below for you to contemplate. Graphical analysis is really fascinating, isn't it?
Do your analysis and good business! Be aware.
If you buy, use Stop Loss.
See also other graphical analyses. 📈🚀
BTCUSDT to head upward towards 72000-73500Here is a trade idea on the long side for BTCUSDT. The price has been trading under the hourly resistance (removed from the chart, but can be seen in the connected post) and now it has trading inside that zone. I mentioned in my last post that I am inclined towards an upward move and I think it seems more plausible with the price action shown in past hours. The target of this long trade is the daily resistance zone which is around 72000-73500.