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BTCUSDTPERP

Bitcoin is Ready for Correction==>>Short term!!!Bitcoin ( BINANCE:BTCUSDT ) is moving in an ascending channel in the 15-minute time frame, and we can also see another ascending channel in the 1-hour time frame . Currently, Bitcoin is moving near the upper line of the ascending channel(Big) and Potential Reversal Zone(PRZ) . According to Elliott's wave theory , Bitcoin seems to be completing the main wave 5 . I expect Bitcoin to decline to at least the Support zone($75,400-$75,000) and the lower line of the ascending channel(Small) after the completion of the main wave 5 . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly 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
17
Bitcoin is Ready to Take Off!Bitcoin technical analysis update Yesterday CRYPTOCAP:BTC price touched the broadening wedge support line and the previous major support zone at the $50K level. currently, the price is bouncing from this major support and moving towards the broadening wedge resistance. We can expect a gradual bullish continuation from the current level. We could see a strong bullish move once the price breaks the broadening wedge resistance, potentially reaching $100K. Swing and positional traders can enter a long trade in BTC with a stop loss set at $49,000. Regards hexa
Long
by HexaTrades
5
Must reserve order at Stop Loss point when trading Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (USDT.D 1M chart) I think the conditions for an uptrend have been met as USDT dominance has fallen below 4.97. (BTC.D 1M chart) However, it seems that it still takes time for the altcoin uptrend to start. Well, many altcoins are rising now, but there are only a few altcoins that are showing a full-fledged uptrend, so they have recorded a lot of declines. I think that for the altcoin bull market to start, BTC dominance needs to fall below 55.01 and maintain or show a downward trend. If not, altcoins may gradually move sideways or show a strange bull market where only BTC rises, so caution is required. --------------------------------------------- (BTCUSDT 1D chart) When the ATH is renewed, the target point is 1st: 1.618 (76787.43) 2nd: 1.618 (89050.0) I think it is around the 1st and 2nd points above. If the price rises above 1.618 (76787.43) and maintains, there are several points that need to be passed to rise to the 1.618 (89050.0) point. Therefore, when there is a jolt in that area, you should focus on finding the right time to trade by considering whether you can make a split trade or a new entry, and referring to the method explained below. The point where the current upward trend is likely to turn into a downward trend is the 72344.74 point. If the BW(100) line is created this time, I will report the price at that time and tell you again. - Since the ATH has been renewed, it can be seen that it has become more difficult to trade newly. Well, you can think that a market has been formed where you can make a profit by buying and waiting, but it is also a market where it is not strange for it to fall at any time. When trading in this market, you must set a stop loss point. Otherwise, you may end up in a situation where everyone is making a profit but you are the only one suffering a loss. Therefore, let's take some time to talk about how to start trading and how to set a stop loss point. - Since the current ATH is being updated, the support and resistance points drawn on the 1M, 1W, and 1D charts are almost unnecessary. For most altcoins, you can select a trading point and respond by referring to the support and resistance points drawn on the 1M, 1W, and 1D charts. (1h chart) Therefore, to start trading, you can start trading on the time frame chart below the 1D chart, that is, the chart that you mainly look at and trade. Even so, as I always say, the basic chart for trading is the 1D chart, so you must check the trend or support and resistance points on the 1D chart before starting trading. The most important things to look at when starting trading are the 5EMA on the 1D chart and the M-Signal indicator on the 1M, 1W, and 1D charts. This is because there is a high possibility of volatility depending on whether these indicators are touched and the support and resistance points around them are supported. At the current price position, the support and resistance points drawn on the 1D chart are 75571.99 points. Therefore, you should prepare to trade based on whether there is support or not based on the 75571.99 point. Since it is in an upward trend on the 1D chart, it is better to focus on finding the time to buy (LONG). - Accordingly, if you have confirmed that it is supported near 75571.99 and are thinking of buying, you should think about where to set the first stop loss point. You can select the first and second points among the various support and resistance points drawn on the chart as the first stop loss point. If you do that, you can see that the profit and loss ratio is not right. Since the loss is this large, it is important to adjust the investment ratio when starting a trade. That is why you should be more careful when finding the time to buy. In other words, it should be considered that it is a more advantageous time to conduct a breakout trade. (For altcoins that do not update the ATH, it is recommended to conduct a transaction depending on whether there is support.) Therefore, it means that it is better to proceed with a purchase when the 75571.99 point is broken upward from the bottom and receives support and rises. If the purchase is successful in that way, when the price rises and touches the 3rd point, change the stop loss point by changing the stop loss point to the 1st point or the 75571.99 point and proceed with the transaction. If you do this, there may be cases where you are sold due to sudden volatility, but it is still recommended to conduct the transaction while setting the stop loss point. This is because in the past, in 1919 and 2021, when both cases turned downward, you should not fall into a situation where you cannot do anything because you bought it as it was. - If the support and resistance points drawn on the 1M, 1W, and 1D charts are located at a point where there are no support or resistance points at all, you should trade by looking at the movements of the indicators on the time frame chart you are currently viewing (in this case, the 1h chart). To do this, you should check the positions of the 5EMA on the 1D chart and the M-Signal indicators on the 1M, 1W, and 1D charts that I mentioned earlier. Since there are no 5EMA on the 1D chart and M-Signal indicators on the 1M, 1W, and 1D charts at the current price position, the next indicators to look at are the BW(100), HA-HIgh indicator and the BW(0), HA-Low indicator. Since the BW(100) and HA-High indicators were created, it means that a high point section has been formed, so you should think that there is a high possibility of a decline. Therefore, you should buy when it falls and then breaks through the BW(100), HA-High indicators upward to show support. Therefore, in order to conduct a SHORT transaction, you can start trading depending on whether the BW(100) and HA-High indicators are generated and whether there is support. - The fact that the BW(0) and HA-Low indicators are generated means that a low point range has been formed. Therefore, when the BW(0) and HA-Low indicators are generated, you should quickly decide whether you can start trading, thinking that there is a high possibility of an increase. At this time, it is good to check the movement of the StochRSI indicator as reference material. Although it sometimes moves in the opposite direction of the price movement, if it shows a pattern of escaping from the overbought or oversold range, it can be used as a good reference material. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The range expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Where is the short-term support for #BTC?📊Where is the short-term support for #BTC? 🧠From a structural perspective, we are currently in the 1-hour bullish structure target zone, and only by breaking out of this pressure zone can there be a chance to go long. The original daily resistance zone was broken, so it turned into a support zone. If we can pull back to this range, we can try to participate in some long trades. Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
What you need to start a new trade Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) For those who bought below 70148.34, it would be good to set the 72344.74 point as the stop loss point and respond. If the rise continues, 1st: Left Fibonacci ratio 1.618 (76787.43) 2nd: Left Fibonacci ratio 2 (80999.68) 3rd: Left 2.618 (87814.27) ~ Right 1.618 (89050.0) You can respond depending on whether there is support in the area above. ------------------------------------- In order to proceed with a new transaction, it is recommended to check the position of the StochRSI indicator when a new candle is created. This is because you can focus on finding a time to buy when the StochRSI indicator is below 50, but you should focus on finding a time to sell when it is above 50. Based on the current price increase, it is expected that it will not be easy to proceed with a purchase because the StochRSI indicator is expected to rise above 50. Accordingly, I think you should conduct the transaction from a short-term trading (day trading) perspective. The difference between day trading and short-term trading depends on the response method. In other words, day trading means conducting transactions within a period that does not exceed the day if possible. If you want to exceed the day, you must secure a certain amount of profit through partial sales, and you must set a reservation sale at the stop loss point. (1h chart) To conduct day trading, check the movement of the 1h chart. (You can use the time frame chart that you usually see and trade.) Since the BW(100) and HA-High indicators are created, it means that a high point has been formed, so when it is first created, the price is likely to fall from that point. Therefore, you can conduct a transaction when the price rises after falling and shows support. If it rises after falling and shows resistance in the BW(100) and HA-High indicators, you should judge that it is likely to fall. At this time, it is a good idea to check the movement of the StochRSI indicator. The BW(100) line has been created, and the StochRSI indicator is showing signs of turning from an overbought zone to a decline. Accordingly, even if the price rises, it can be interpreted that there is a high possibility that it will face resistance near BW(100) and fall. Although there is a possibility that it will occasionally lead to a sharp rise, I think it is better to interpret it in a direction with a higher probability and respond accordingly. Therefore, it is currently a time when it is burdensome to proceed with a purchase. - Since the reporting high (ATH) has been updated, support and resistance points can be displayed on the 1M, 1W, and 1D charts. Therefore, it is not easy to select a point to use as a reference point when trading. However, as I have mentioned before, you should select the 5EMA of the 1D chart and the M-Signal indicator of the 1D, 1W, 1M charts and the BW(0), BW(100), HA-Low, HA-High indicators as support and resistance points and decide the trading time based on whether there is support. As I mentioned earlier, you should respond based on where the StochRSI indicator of the 1D chart is located based on the 50 point, so you should select the position to start trading on the 1h chart accordingly. Since you start trading only with a buy in spot trading, you should think about it and trade accordingly. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
#BTC Rising Wedge📊#BTC Rising Wedge 🧠From a structural point of view, we are moving within the target area of ​​the bullish structure, and we need to be vigilant about the occurrence of a pullback. ➡️From a graphical point of view, we have formed a rising wedge near the resistance area, and we will generally fall according to this model. ➡️In addition, it is approaching the weekend, so the trading volume will shrink, and we will probably oscillate between the resistance and support areas, which is suitable for short-term traders. Let's see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Short
by wolf_king888
BTCUSDT Breaks Free: End of Consolidation, Next Stop 100,000?Hey Realistic Traders, let’s dig deeper into the analysis of BINANCE:BTCUSDT ! In the weekly timeframe, Bitcoin is in a bullish continuation phase, potentially marking the start of wave 5. It has also broken out of a Descending Broadening Wedge pattern that formed over more than half a year, signaling the end of a prolonged consolidation phase. Such breakouts from extended consolidation often confirm a continuation of the bullish trend. Additionally, the MACD has shown a bullish crossover , indicating building momentum. Based on these technical factors, we project a potential upside toward the target at 88,293. Upon reaching this level, a pullback to the green support zone of around 70,000 could occur before the price advances to a secondary target at 104,542. This outlook remains valid as long as the price holds above the stop-loss level at 56,930. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin.
Long
by financialfreedomgoals101
4
What does it mean that #BTC hits a new ATH?📊What does it mean that #BTC hits a new ATH? 🧠BTC has experienced 8 months of volatility and finally hit a new all-time high today, which means that the weekly level cup-handle long structure is established, which means that we are likely to challenge the next target area of ​​87k-94k. But I am not asking you to chase the rise here, because after breaking through the historical high, most funds may choose to stop profit, so don't chase the rise under huge selling pressure. ➡️Unfortunately, the price failed to return to the yellow support area mentioned yesterday, so our long trade was not triggered. At present, we are in the target area of ​​the hourly long structure, and there is an expectation of a callback, but the overall direction is a long trend. You must know that shorting is a counter-trend trade, so try to focus on long trades. Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
1
BTC Poised for a Breakout: Will Bulls or Bears Take Control?hello guys. let's analyze BTC Ascending Channel: BTC is trending within an upward channel, with a broken resistance line acting as support, indicating a bullish trend. Scenarios Outlined: Scenario 1 (Bullish): BTC could continue its upward movement, aiming for $74,000 and potentially $76,000 if momentum holds. This scenario suggests a strong rally after breaking through resistance levels. Scenario 2 (Pullback): BTC may pull back to retest the $66,000–$67,000 range, which would be a healthy correction within the trend. This level could provide a solid support base before the next upward move. Key Support and Resistance Zones: Support Zone: Around $66,000, where Scenario 2 will likely play out if a correction occurs. Resistance Zone: Between $74,000 and $76,000, a potential target for a bullish continuation. In summary, BTC is currently at a decision point. A breakout above the $74,000–$76,000 zone could lead to a sustained rally, while a retest of the $66,000 support could provide a better entry for bulls. Watch closely for price action at these levels!
by melikatrader94
17
Bitcoin Cycle Repeat? 1 Year Bull Run Above ATH Ahead!In the chart above, we’re comparing Bitcoin’s current cycle with its previous cycle. Bear Run (1 Year): The previous cycle started with a significant bear market that lasted exactly 1 year, characterized by a sharp drop in price from the peak. Recovery Phase (2 Years): Following the bear run, Bitcoin spent 2 years in a recovery and consolidation phase, gradually building a support base and regaining momentum. Bull Run Above ATH (1 Year): After consolidation, Bitcoin entered a 1-year bull run that pushed it above the previous all-time high (ATH), setting new records. Current Bitcoin Cycle: The current cycle appears to be mirroring the previous one closely: We’ve had a 1-year bear run, which aligns with the pattern seen in the previous cycle. This was followed by 2 years of recovery, with the price consolidating and gradually strengthening. If the pattern continues, we could be entering 1 year of a bull run above the previous ATH, starting now or very soon. Based on this repeating cycle pattern, the current setup suggests that we might have 1 year of a strong bull market ahead, potentially pushing Bitcoin above its previous all-time high by late 2025. Regards Hexa
CRYPTO:BTCUSDLong
by HexaTrades
Market Reactions in Last 3 U.S. Elections and BTC Target $95k!Let's look at how the market reacted in the last 3 elections! - 2012: Obama re-elected ➡️ Initial stock sell-off over fiscal cliff fears, then strong rally post-deal. Crypto is mostly unaffected. - 2016: Trump wins ➡️ Stock rally on tax cut & deregulation optimism. Bitcoin starts climbing, hinting as a "digital gold." - 2020: Biden wins amidst pandemic ➡️ Stocks surge on stimulus hopes. Crypto enters a major bull run, with BTC skyrocketing as an inflation hedge. 🗝️ Elections = market volatility & opportunity! Regardless of who wins, CRYPTOCAP:BTC will likely reach a new ATH by the end of 2024. Altcoins will likely follow later. IMHO, alts are already heavily discounted. Even if BTC dominance rises and alts take another dip, it’s wiser to DCA into the weaker ones instead of selling near their high-timeframe lows. Think twice before hitting that sell button. The next 6-8 months could be legendary. It won’t be easy, but the rewards will be worth it. #BITCOIN UPDATE:- BTC looks solid for now. There’s still a possibility for BTC to hit the $60K level if Kamala wins; it’s not certain, but it’s a topic circulating in the crypto space. This could act as a short-term downside catalyst, with bulls likely stepping in quickly, leaving a long wick below the resistance turned support. A retest is underway on the daily, weekly, and monthly charts! I’m anticipating BTC to reach between GETTEX:82K and $95K by the end of the year. DYOR, NFA. Do hit the like button and share your views in the comment section! Thank you #PEACE
OANDA:BTCUSDLong
by Cryptorphic
10
1 Year of Bitcoin Bull Run Remaining? In the chart above, we’re analyzing Bitcoin’s historical cycles to see if the current cycle follows a similar pattern. Bear Run (1 Year): In each of the last three cycles, Bitcoin experienced a bear market lasting exactly 1 year from the all-time high (ATH). This phase saw a significant drop in price as the market corrected. Bull Run from Bottom (1,064 Days): In the last two cycles, once the bottom was established, Bitcoin entered a consistent bull market that lasted approximately 1,064 days. During this period, the price gradually climbed, eventually reaching new highs. Current Bitcoin Cycle: So far, the current cycle appears to be following the same pattern as previous cycles. We’ve already experienced a 1-year bear market after reaching the previous all-time high (ATH). Currently, we have completed 2 years of a bull run from the bottom, aligning with the 1,064-day bull run observed in past cycles. Based on this historical pattern, we may have 1 year of bull run remaining, which could potentially push Bitcoin to new highs by late 2025. If this trend continues, it suggests a strong opportunity for growth over the next year, mirroring the end phase of past cycles. BINANCE:BTCUSDT BITSTAMP:BTCUSD CRYPTOCAP:BTC Regards Hexa
BITSTAMP:BTCUSD
by HexaTrades
#BTC reaches the stage resistance zone📊#BTC reaches the stage resistance zone✔️ 🧠The original neckline support zone was broken and turned into a resistance zone. Yesterday, we found a signal of stabilization, but we found a short structure in this resistance zone. Because of the existence of this structure, our long trading strategy may fail, so I canceled yesterday's long trades, and the market developed as expected. Today we stabilized again in the yellow support zone and tried some long trades. We have locked in the main profits and see if we can break through this resistance zone this time. ➡️If we are rejected again and return to the yellow support zone again, do you dare to try long trades? Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
When to Book Profits in Bitcoin?Bitcoin technical analysis update Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI reaches the 89-90 range on the monthly chart, it’s typically a good time to start booking profits. Currently, the RSI is at 63, suggesting there is still room for a price increase in the coming months. Regards Hexa
CRYPTO:BTCUSD
by HexaTrades
4