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Btcusdtlong

BTC Hovers at $28,000 with Strong ResistanceAs you may already be aware, BTC has reached an astonishing value of $28,000 with an alarming level of resistance. It was due to a fake story of a Blackrock ETF approval story. It is during times like these when it becomes crucial for us to reassess our strategies and approach trading with caution. In light of the current situation, I strongly encourage each one of you to consider pausing your BTC trading activities momentarily. This is not a call to panic or to suggest that the market will crash, but rather an opportunity to reflect on the potential risks involved. As experienced traders, we understand that it is imperative to exercise prudence and vigilance as we navigate the ever-changing dynamics of the crypto market. By pausing our BTC trading momentarily, we can gain a better understanding of the developing patterns and indicators that may guide our future decisions. It grants us the chance to reassess our risk management strategies, conduct thorough analyses, and seek advice from trusted experts in the field. This brief pause can help us avoid impulsive decision-making and allow us to approach the market with a clear and calculated perspective. As we tread this uncharted territory, uncertainty can be overwhelming. However, it is in these challenging times that we have an opportunity to learn, adapt, and grow as traders. Pausing BTC trading now may potentially save us from unforeseen losses and provide us with a chance to regroup ourselves for the next profitable move. Let us remember that our success as traders is not measured solely by our ability to act swiftly, but also by the wisdom and prudence with which we approach the market. So, take a moment and pause your BTC trading activities, reassess your strategies, and embrace this opportunity to ensure the long-term success of your trading journey.
BITSTAMP:BTCUSD
by bryandowningqln
BTCUSD DAILY (D) ANALYSISIn recent developments, the cryptocurrency market, particularly Bitcoin, has been influenced by a combination of regulatory and community-driven events. Notably, the SEC's decision not to contest the court ruling favoring Grayscale Investments and their Bitcoin ETF plans has generated a sense of optimism among investors. This move is perceived as a potential step towards a more accommodating regulatory environment for Bitcoin ETFs, thereby boosting confidence in the market. Furthermore, the conclusion of the prominent Bitcoin Amsterdam event has underscored the continued expansion and engagement within the Bitcoin community, reflecting a growing interest and involvement from various stakeholders in the cryptocurrency space. Analyzing the market sentiment, while some technical indicators have presented a mixed outlook, the recent positive regulatory news from the SEC and the successful Bitcoin Amsterdam event have acted as key drivers of a cautious yet increasingly optimistic stance among investors. These factors are likely to exert a favorable influence on market dynamics in the short to medium term, potentially fueling a gradual upward trajectory for Bitcoin. Consequently, the overall sentiment in the cryptocurrency market can be summarized as cautiously optimistic, with a tilt towards a slightly bullish outlook. This sentiment is underpinned by the interplay of technical factors and recent positive developments, emphasizing the importance of regulatory decisions and community engagement as pivotal drivers in shaping the trajectory of Bitcoin and the broader cryptocurrency landscape.
PEPPERSTONE:BTCUSDLong
by fzm_100
BTC will history repeat?1D time frame - According to left chart, Bitcoin pumped rapidly on 25th Oct '19, which date range was around 198 Days away from 2020 halving, Bitcoin increased by 45% in two days. Next, Bitcoin made a waterfall over 60% since Feb '20, then Bull market was triggered. Nowadays, Bitcoin extremely increased by 20% in Oct '23, and we need around 200 Days to reach next halving in 2024. All phenomenons are similar to 2019, so we can expect a huge dump based on previous analysis of Bitcoin top structure(refer to below links). Therefore, stay patient and get ready to buy spot! Accurate Bitcoin analysis about top structure and bear bottom. Bitcoin PRZ analysis of Harmonic pattern.
COINBASE:BTCUSD
by EthanTW
1
BTCUSDT at daily support and likely to head up to 27636The price has hit the daily support. I think this daily support will hold the price and stop it from moving downward for now. This creates a favorable condition for a long trade as the price is likely to bounce from this support. The price migh go deep further into this support zone so I will slowly build the position as the price moves into this zone. There are two targets for this trade. One target is the hourly resistance around 27396 where the price will face some resistance and pullback. Therefore offloading some size here and then adding again on pullback is favorable. The final target is the 4h resistance 4HR1 around 27636.
Long
by angela_altair
Why Bitcoin won't drop from hereHello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience. I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings. I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a get rich quick scheme. ------------------------------------------------------------------- Today I want to share with you my outlook on Bitcoin: In the beginning of 2023 Bitcoin perfectly retested the previous cycle high of 2018 and already perfectly rejected this key structure level towards the upside. Since we had a cross support at the $17.000 level, there is a very low chance of Bitcoin breaking below this level at all. ------------------------------------------------------------------- Most of the people always follow the quick money. But the quick money is never the big money. They think that making 5% a month consistently is reasonable, which is one of the reasons why so many traders fail. The only think which you can control is your risk, everything else is unknown. Keep your long term vision!
CRYPTO:BTCUSDLong
by basictradingtv
9
Bitcoin consolidates at short-term support, $30k is the targetBitcoin has a bullish structure on both the daily and the 4-hour chart. The retracement to $27.2k collected liquidity and the bulls have since driven prices to $27.6k. The H4 bullish breaker block at $27.2k was respected as support so far. Given the daily structure, a consolidation around the FWB:27K region over the weekend before another leg higher was possible. The OBV has inched higher over the past week, showing the bulls had a slight advantage Entry: $27.4k (another revisit to FWB:27K or lower was possible) Take-Profit: $29.6k (local resistance on the 1-day chart) Invalidation: $26.6k (a move below the bullish breaker block)
Long
by AMBCrypto_TA
BTCUSDT - H4BTCUSDT Locally, you can consider buying from these levels (27650 - 27755). In order to consider sales, it is necessary to fix the price at the level of 27165. From which the price is constantly buying off, which makes it possible to buy even in such a market. Local targets - 28555 What can you expect now? You can consider entering from current levels or breaking through the level of 27755. It is better not to take increased risks. Cancellation of the idea from level 27165. Targets 28063 - 28251 - 28555
Long
by Trade_Hive_Signals
BTC excellent short entry 29k12h time frame - Bitcoin dumps 1.5% today, and many people think the huge dump is coming. However, if we take a look at the uptrend since 24901 on 12th Sep, this uptrend line has not been broken yet which means Bitcoin is still on the upward way. Combining with 0.618 Fibonacci Projection, there is a structural support around 27000~27300. Therefore, we can set up a trading plan once Bitcoin reach and get support at that zone, and target is 29000~29500, also the excellent entry to open short as we pointed out in previous Bitcoin two analysis: the critical pattern-Head and Shoulders(ref.1) and PRZ of Harmonic pattern(ref.2). Both targets are 18500~15800. - ref.1 Head and Shouders ref.2 Harmonic pattern
by EthanTW
1
BTCUSD 1D : Try to breach the resistance BTCUSD New forecast The price of BTCUSD rose up during last week and reached to our first target near to resistance zone 28345 - 28900 and now offers side trades below the resistance Now as we see in the chart the price trading in the bullish channel for a long so we expect the price will be continue at the bullish trend but to confirm the bullish trend should stable above the resistance zone to open the way from our target . Therefore ,the upward trend scenario will be remain valid and effective once stabilized above resistance zone and our target will be 31044 and 33022 ,Taking into account that failed to stabilized above the resistance zone will force the price to start correction and visit the previous broken areas ,so the main condition to be continue at the bullish trend is stabilized above resistance and other wise the price will retest . wait for breach the resistance and when we see the price action then we will buy it The expect range trading for this week it will be between 33022 and 24828. support line : 25819 , 24828 resistance line : 28345 , 28902 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EIGHTCAP:BTCUSDLong
by Arazmajeed
4
BTCUSDT IdeaBINANCE:BTCUSDT ⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices. ✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
Long
by Arash-RK
BTC target 29k in October4h time frame - According to previous analysis about Butterfly pattern on Bitcoin(ref.1), there is a PRZ around 29000~29400. Today, we are going to talk about the time analysis, if take a look at the analysis about Bitcoin bear bottom (ref.2), a potential top structure-head and shoulders was pointed out in that post. Further, separating the left shoulder into two waves, from the dumping wave(31000~24700) took 62 days to create. This date range allows us to estimate the time that right shoulder needs, and the best timing to reach RS top is before end of October. Obviously, once Bitcoin start pumping and going into PRZ, we can open short there, and there are two scenarios(white & blue trend), I will talk about these two potential scenarios, including target, stop loss and risk in near future ref.1 ref.2
Long
by EthanTW
BTCUSDT likely to head towards daily resistance at 28106-28306The price breached through 4h resistance 4HR1 after being pushed down initially on the test of this resistance from below. Now it has retested this resistance and this resistance is going to probably act as a support. And therefore, the price is going to go higher from there. This makes a conducive environment for a long trade on this pair. The target of this trade should be daily resistance DR1 which is sitting around 28106-28306.
Long
by angela_altair