Get started

Btcusdtoday

A Tale of Two ScenariosHello, and thank you for joining me in this analysis. Today, we delve into the current state of Bitcoin (BTC), highlighting the formation of a head and shoulders pattern and potential breakout scenarios. Head and Shoulders Pattern: The head and shoulders pattern typically signifies a trend reversal in technical analysis but it can also act as a continuation. In this case, however, it's forming above an important resistance level and features an upward sloping neckline, hinting at a possible continuation of the prevailing trend. Analysis: Over the past 55 days, Bitcoin has been forming a head and shoulders pattern. Yesterday's high wave candle, marked in orange, perfectly encapsulates the market's current state of uncertainty, with both buyers and sellers unsure of the future direction or in other words; confusion. As technical analysts, we cannot predict the exact direction of the breakout, but we can prepare for potential scenarios: Bullish Scenario: If the price breaks above the right shoulder with a candle close , it would signal a bullish continuation of the head and shoulders pattern. In this case, we would look to buy on the break, targeting a price level of $43,000. Bearish Scenario: A bearish breakout, signaled by a candle close below the upward sloping neckline, would indicate a selling opportunity. Here, the price target would be $23,386. Conclusion: While the head and shoulders pattern typically suggests a trend reversal, its formation above a significant resistance level in Bitcoin's chart may signal a continuation of the current trend. A bullish breakout is still feasible as long as the price maintains support from the upward sloping neckline. However, the more frequently this support is tested, the weaker it may become. As always, this analysis does not constitute financial advice, and individual due diligence is highly recommended. Always consider risk management and proper position sizing in your trading decisions. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best Regards, Karim Subhieh
INDEX:BTCUSD
by KarimSubhieh
Btc Levels To Watch | Do Or Die Btc/usdt "Incase breakdown in BTC/USDT, the market could experience further pain, especially if the daily candle closes below the support level of 26800. If this happens, there is a high probability of BTC dropping towards the range of 25-22k. On the other hand, if BTC manages to hold the aforementioned support level, and breaks the resistance levels of 30-32k, it could lead to a surge in BTC price to the range of 35-40k. As always, it is recommended to conduct your own research before making any trading decisions."
Short
by Crypto-By-Ghazi
BTC update, SMC...Hello traders, I posted a chart for BTC and we had 2 Scenarios, first one was to pull back and retest to 30k again from the support level of 27.1k and next one was 26k zone... and first Scenario is activated, and now we should wait for a rejection from 31k or 32.4k before opening short positions... and targets are 26.5k, 23.9k, 20.5k with stop loss of 33k... and best entry zone is 30.4-32.4k depends on where and what price we get the rejection.... enjoy trading <3
Short
by rawayoussef0
Has Bitcoin stopped its decline?Is it possible to go long BTCYesterday, Bitcoin plunged as low as near 26942, and tried to break below the 27,000 integer mark successfully. Then Bitcoin is likely to continue to decline in the market and seek support below 27,000. From a structural point of view, after the Bitcoin bears released the pressure of the technical top divergence, they are currently undergoing shock digestion treatment.So has Bitcoin stopped the decline and can you go long BTC/USDT with confidence? I don't think so. Since Bitcoin has tried to fall below the 27,000 integer mark, Bitcoin will definitely continue to test downward in the later stage.Judging from the current strength of Bitcoin's rebound, Bitcoin's lack of rebound momentum shows that most traders are still in a wait-and-see state and dare not enter the market easily, which makes it difficult for Bitcoin to maintain an upward pattern.And there is a strong resistance area of 27800-28000 above, and a further resistance of 28800; while the lower support is in the 26600-26400 area. In addition, special attention should be paid to the need to beware of the traps of technical inducement as much as possible, and to avoid the rising market caused by the behavior of traders who are trapped in long-term self-rescue as much as possible.Therefore, for Bitcoin trading at present, avoid trading traps as much as possible, and do not directly short or long Bitcoin for the time being. If there is a good trading opportunity, I will announce it on the channel as soon as possible. Please pay attention to the trading signals in the channel.
Short
by Short-term-king
Bitcoin Long - Still Strong!BYBIT:BTCUSDT.P Bitcoin is still looking strong for continued upside. Possible Bearish Divergence printed - opportunity for slight pullback providing ideas for: 1. Entry if you missed the move 2. Adding to positions Wait for entry trigger on pullbacks - when BTC is hot, most of the times you will not get perfect pullbacks as the market has a habit to front run ideas and buy the pullback early. NB: A break below the 28.8k level (zone) would provide ideas to short to the possible pullback of 25.2k. 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.
Long
by imr4nkh8n
AVAX BUILD UP BREAKOUT!KUCOIN:AVAXUSDT AVAX price action is squeezing for an imminent move following Bitcoin. Read my post about Bitcoin earlier today. Possible upside 20% and if Bitcoin rejects look for shorts to structure. Higher Lows back into neckline, looking like a possible build up to break out. 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.
Long
by imr4nkh8n
BTC, Laught now, Cry laterBTC last correction is ending, next is heading to negative value As we can see, comparing to oil chart during the covid crash, when in extreme market conditions, too much "dumb money" on same side, sharks take use of that to make big money while all the dumb money bets on the same side. 100k+ calls are a good example of the dumb money here in this market conditions when DXY is preparing a next leg to the upside. I expect same conditions as it happened on oil during 2020, more the price falls, more longs will be added to the market, market will get irrational and drop as much as it needs to get all longs out, bellow 0 is a good number to get everyone out of longs A good trade now, a short at any price, SL placed above 30k And TP bellow 10k Check previous charts as I predicted euro crash before it happened as well during 2021
BITSTAMP:BTCUSDShort
by fernandoc17
3
Take advantage of Bitcoin's current transactional opportunitiesBecause it was too late to write a specific analysis just now, I reminded everyone in my channel to short the current price of Bitcoin. Then friends who keep up with the pace of trading, Bitcoin is basically shorting at the position above 28600. Let me give you a detailed analysis of why Bitcoin is shorted in the short term at this position.Judging from the recent trend, the daily line has had an upper shadow line on the closing line for 6 consecutive trading days, proving that the upper pressure is strong enough.It is difficult to make an effective breakthrough upward in a short period of time, and yesterday's negative K-line proved that even if the currency price wants to continue to break upward, it will take a certain amount of time to make a pullback correction so that the currency price can accumulate upward momentum. On the other hand, the price is overbought, which may also lead to short selling in the short term, thereby suppressing the price of Bitcoin.But there is strong buying support below. So here I think that Bitcoin will have a certain pullback and correction trend at least in the short term.In this regard, we can fully seize short-term trading opportunities to obtain benefits. In the short-term processing, the pressure of 28700-28900 is concerned above, and the support of 27800-27300 is concerned below. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Long
by Short-term-king
1
The price of Bitcoin is brewing the next upward trendJudging from the recent trend of Bitcoin, it has been dealing with narrow fluctuations. It seems that the pressure on the top is relatively strong, making it difficult for Bitcoin to break through effectively in the short term, and the long-term ability seems to have been consumed. In fact, from a cyclical point of view, since Bitcoin rose from the 19550 position, many times on the way up, it will make certain retracements or pauses to consolidate the bottom foundation to support Bitcoin to continue to maintain its upward trend.Although Bitcoin has paused recently, the short-term low is constantly rising, and in the process of testing the low, it has not destroyed the upward trend, so the current trend of Bitcoin is still healthy. So overall, for Bitcoin's recent narrow volatility treatment, it is very likely that the next upward trend is brewing, and it is expected to hit the 30,000 position.In the short-term treatment, the lower support is near 27900-28000, and the initial pressure above is at the 29000 integer mark. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Long
by Short-term-king
Bitcoin: Can the bulls hold on?Judging from the current trend of Bitcoin and the overall market sentiment, the pressure level of 28,500 above is too strong to break through in the short term. There is a need for Bitcoin to withdraw, but the 27,000 below is still the key support for Bitcoin.Yesterday, Bitcoin broke through the recent high and stood near 28472, and then retreated to near 27300. It seems that Bitcoin will be trading sideways at least in the short term. At present, the Bitcoin price is oscillating back and forth at a high level, and the pressure above is strong, making it difficult to break through in a short period of time. Even if the Bitcoin price can continue to rise, it will at least need to be confirmed by stepping back to accumulate upward momentum during the rise, so there is a demand for retracement in the short term. On the other hand, the supply of Bitcoin on exchanges has increased significantly in the past week or so, which may also mean that BTC may face selling pressure. In the short-term treatment, the lower support is near 27500, and the initial pressure above is near 28500. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Short
by Short-term-king
BTC/USD 3-Day Chart - Bitcoin could surprise everyone. BTCUSD INDEX 3-Day chart the first key level resistance is $ 25.3k, was Bitcoin's first test. Our breakthrough candle was on March 17, we are trying to print our confirmation candle. We have not confirmed that we have passed our first test, still 2 days left for confirmation candle to close. We have a bigger test and more important key level which is around $ 28.4k, this is very strong resistance, stronger then our previous test. Confirmation of $28.4k as a support will officially be start of a bull run. We can also see a bearish divergence forming on RSI as BTC headed to the most important resistance level, indicates we might get rejected from this level and come back to conquer later some time eventually.
INDEX:BTCUSD
by cryptoknightt6