$BTC Daily Analysis UpdatePlease do check my referred CRYPTOCAP:BTC analysis back two days
Daily Swing is Bullish
We have now mitigated the Daily supply that might cause bearish pressure to the demands down below, which will be long position opportunities once we hit the daily demands.
But remember, Daily Internal and Fractal Structures are still Bearish and this recent bullish momentum could be only to mitigate upper Daily Supply zones
As we have internal fractal switched to Bullish now, I play longs till price mitigates the premium daily supply and we get 4H bearish momentum to kick in
I have tried to explain my expectations on the chart
Please do comment If you would like to discuss any trade idea
BTCUSDTPERP
Bitcoin (BTCUSDT) Ready to Explode? Massive Gains on the HorizonThe current BTCUSDT setup shows a bullish momentum on the Risological Swing Trader following the entry point at 61,732.3 on 11th October. The price has moved steadily upward, reaching the first take profit (TP1) level at 63,482.7, which confirms the continuation of the upward trend.
Key Support and Resistance Levels
Entry Level: The trade entered at 61,732.3, representing a critical support level where buyers stepped in to drive the price higher. This region coincides with a prior consolidation, giving confidence to the bullish breakout.
Stop-Loss (SL): Positioned at 60,316.2, this acts as a strong downside protection level, slightly below the consolidation zone to avoid premature exit.
Trailing Stop: The trailing stop is now placed at 62,038, and will continue moving upwards as price action progresses. This method locks in profits while allowing for additional upside potential as BTC moves towards higher targets.
Trend Analysis
The price is above the Risological dotted moving average support line, confirming a healthy uptrend. BTC has made consecutive higher highs and higher lows, indicating strong bullish momentum.
The current breakout from the 61,732 entry zone hints at further upside potential. As BTC moves toward TP2 at 66,315.0, we can anticipate continued bullish behavior if broader market conditions remain favorable.
Targets and Profit Zones
The immediate target was TP1 at 63,482.7, which has been hit or surpassed, giving confidence to the bullish scenario.
Next, TP2 at 66,315.0 serves as the next resistance level where some profit-taking might occur, followed by TP3 at 69,147.4 and the ultimate TP4 target at 70,897.7.
Risk Management
The trailing stop set at 62,038 ensures that even in the case of a pullback, the trade will lock in gains. This dynamic risk management allows the trader to maximize profit while minimizing potential losses.
With BTC showing strong momentum, moving the stop closer to the price is a sound strategy to protect profits.
Conclusion
Overall, Bitcoin continues to show strong bullish signs as it heads toward the next resistance levels. The key will be monitoring the price action near TP2 and adjusting the trailing stop as needed. If momentum remains intact, we could see BTC testing the higher targets of 69,147.4 and 70,897.7
Bitcoin Bear Trap: A Historical Pattern Suggests a Rally Ahead!BTCUSDT technical analysis update.
The Puell Multiple is a metric that compares the daily issuance of Bitcoin (in USD) to the 365-day moving average of that same issuance. When the Puell Multiple is low, it often indicates that Bitcoin is undervalued, signaling a potential accumulation phase or a bear trap. Conversely, a high Puell Multiple suggests overvaluation, often preceding market corrections.
Currently, the Puell Multiple shows that Bitcoin is trading at levels consistent with previous bear traps in its market history. This pattern has appeared in the last three cycles of Bitcoin, where price action initially suggested bearish momentum before reversing sharply into a bullish trend.
In the previous cycles, the Puell Multiple signaled bear traps, allowing traders to identify key accumulation points. Following these signals, Bitcoin experienced significant bullish rallies, highlighting the indicator's reliability. With the current Puell Multiple levels indicating a bear trap, we could be on the brink of a bullish rally in the coming days.
Regards
Hexa
Bitcoin Breaking Out of a 220-Day Broadening WedgeBTCUSDT technical analysis update
Bitcoin has been forming a broadening wedge pattern over the past 220 days, indicating increased volatility and indecision near its previous all-time highs. Recently, BTC has been moving towards the wedge’s upper resistance line around $68K, signaling a potential bullish breakout. If confirmed, this breakout could lead to a strong upward move, with targets in the $90K-$100K range. Additionally, around $60K, the 100 and 200 EMAs are acting as strong support levels for BTC.
Regards
Hexa
10 Essential Tips for Futures Trading | Beginner-Friendly Guide!🚀 10 Essential Tips for Futures Trading | Beginner-Friendly Guide 🚀
As a crypto futures trader, you have the potential for high rewards—but the risks are equally significant. Whether you're just starting or looking to sharpen your skills, here’s a beginner-friendly guide to help you trade futures like a pro!
1️⃣ Leverage with Caution
Leverage allows you to trade more than your actual capital. While it amplifies profits, it also increases the risk of significant losses. Start with low leverage (1x to 2x) and increase only as your experience and confidence grow.
Pro Tip: Use leverage responsibly. Small moves can lead to big impacts on your account balance!
2️⃣ Master Risk Management
In futures trading, preserving your capital is as important as making profits. Always use stop losses to limit potential losses and never risk more than you can afford to lose. Successful traders manage risk first, profits second.
Pro Tip: Limit your risk to 1-2% of your total capital per trade to survive market volatility.
3️⃣ Understand Market Sentiment
Emotions highly drive crypto markets—fear and greed can cause massive price swings. Stay on top of market sentiment by following news, social media, and community discussions.
Pro Tip: Use sentiment analysis tools and observe the fear/greed index to time your trades better.
4️⃣ Learn Technical Analysis
To succeed in futures, learning chart reading is essential. Focus on key indicators like support/resistance levels, moving averages, and volume trends. These help you make informed trade decisions.
Pro Tip: Keep your charts clean—use just a few key indicators to avoid confusion.
5️⃣ Stay Disciplined
Trading without discipline is a shortcut to losses. Develop a strategy and stick to it, even when the market is volatile. Avoid emotional decisions like panic selling or revenge trading.
Pro Tip: Journal every trade—track what works and what doesn’t, and improve your strategy.
6️⃣ Know Your Funding Rates
Funding rates in perpetual futures can either work for or against you. When the funding rate is positive, longs pay shorts, and vice versa. Keep an eye on these rates as they can affect your overall profitability.
Pro Tip: If the funding rate is too high, it might be better to wait for a better entry.
7️⃣ Understand Exchange Rules
Different exchanges have different margin requirements, liquidation prices, and fees. Make sure you fully understand the platform’s rules and how they apply to your trades.
Pro Tip: Always double-check liquidation prices before opening large positions.
8️⃣ Hedge Your Risk
Hedging is a strategy that protects your portfolio from adverse price movements. For example, if you're holding Bitcoin, you can open a short position in futures to balance your risk in case the price drops.
Pro Tip: Use hedging to minimize risk during uncertain market conditions, but avoid over-hedging.
9️⃣ Watch Open Interest and Volume
Higher open interest shows a growing trend, while low volume can indicate weak market conviction. Use these metrics to confirm your trades and gauge market strength.
Pro Tip: Combine open interest with volume for more reliable trade signals.
🔟 Keep Learning & Evolving
Crypto markets evolve rapidly. Always stay up-to-date on the latest trends, tools, and strategies. Join trading communities, watch educational content, and continuously improve your knowledge base.
Pro Tip: Follow experienced traders, read trading books, and practice in demo accounts before going big.
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CONCLUSION:
Futures trading in crypto offers immense potential, but it requires skill, discipline, and constant learning. With these 10 essential tips, you’ll be better prepared to navigate the volatile world of crypto futures trading and enhance your profitability.
🚨 Risk Disclaimer: Futures trading involves substantial risk and may not be suitable for everyone. Always trade responsibly. 🚨
If you want more such educational posts, Trades and Top-notch Bitcoin updates, Hit that like button! Follow me if you're reading this for the first time!
Thank you
#PEACE
#BTC/USDT Quick Update!#BTC is stuck in the range, with multiple rejections and bounces.
We need a catalyst at this point. The direction will be clear whether it breaks $66k or $60k.
We wait.
Weekly closes in 7 Hours.
IMHO, We will hit $66k this week.
Let me know what you think in the comment section and do not forget to hit that like button.
Thank you
#PEACE
$BTC at a Crossroads: Which Direction Will It Take?
1. Overall Market Trend in 2024:
- The chart illustrates a strong bullish movement in 2024, pushing Bitcoin from around $23,000 to higher levels. This rally eventually reaches a peak near $74,000, marking a key resistance level on the chart.
2. Fibonacci Levels:
- Fibonacci retracement levels have been drawn from the previous upward move, showing key levels at 0.5 (61,417), 0.618 (64,598), 0.79 (68,858), and 1 (74,121). These act as potential support and resistance zones as price consolidates.
3. Symmetrical Triangle Pattern:
- A symmetrical triangle is evident on the chart, forming since mid-2024. This pattern indicates market indecision and signals that a major breakout may be imminent.
- The resistance and support lines of this triangle are clearly outlined, suggesting a strong price movement in the event of a breakout.
4. Key Price Levels:
- The current price is around $63,212.
- Two possible targets are visible following a breakout:
- Bullish Target: If Bitcoin breaks to the upside, the chart suggests a potential rally toward $100,000, a highly optimistic price target.
- Bearish Target: On the downside, a move toward $23,000 is expected if the triangle breaks lower, marking a crucial support level.
5. Support and Resistance Zones:
- The purple shaded areas represent significant support and resistance zones where the price has reacted multiple times. The current price is compressing between these zones, awaiting a decisive move.
6. 2025 Forecast:
- The green arrows and projected lines suggest two potential outcomes for 2025:
- Bullish Scenario: A breakout to the upside, with Bitcoin targeting the $100,000 level.
- Bearish Scenario: A downward move could see the price retracing back to $23,000 as a key support.
My Analysis:
The symmetrical triangle pattern and price compression signal that the market is gearing up for a strong movement, though the direction remains unclear. The eventual breakout of this triangle will be crucial in determining Bitcoin's next significant move. If the price breaks upwards, it could target higher levels, potentially surpassing the $100,000 mark. Conversely, a downside breakout may result in a sharp correction towards the $23,000 support zone.
In terms of risk management, it's prudent to wait for a confirmed breakout before committing to a particular direction, as the subsequent movement is likely to be significant.
What’s your opinion on Bitcoin's trend? Share your thoughts in the comments!
BTC VERSUS DESTINY C*HELLO tradingviewers (Tvs)
First of all world is now at the chaos .
As you remember ,unfourtanetly last year Russia hit the Ukraine :(
and after that coins blow up , now we are at the same situation
Our analysis also show us that
I am not like other traders , They always say If btc up or If btc down
they are just mumblıng ....
No need to over explain for pages .
THATS the chart thats the analysis
Take care Crypto brotherhood
Welcome to brotherhood .....
BTCUSDT (bitcoin): a perspectivehello guys.
Price Action Overview:
The chart shows Bitcoin within a rising wedge pattern, with the price nearing a key resistance level.
A potential pullback is expected in the near term, as highlighted by the downward arrow, before the price potentially retests lower trendline support.
Bearish Scenario:
The price could see a correction from the current level back to the 58,600 - 57,800 USDT support zone.
This is suggested by the wedge pattern, often signaling a potential reversal or pullback before a larger move.
Bullish Scenario:
If the price finds support at these levels, we could see a bounce, leading to a breakout above the wedge towards 68,000 USDT, as indicated by the larger upward arrow.
Market Sentiment:
In the short term, traders should be cautious of the possible pullback, but the larger trend remains bullish if the wedge holds and the price respects the lower trendline support.
$BTC DAILY ANALYSISDaily Swing is Bullish , Daily Internal Bearish
After Bullish BOS ( Break Of Structure ), we are having corrective pullback to the downside and price already has mitigated weekly demand range in August. Although a deeper mitigation to the level of $44.000 is very likely imo, we are currently bullish in recent minimal structure so if price keeps pushing and we get a daily candle closure above $64.450, I personally don't think the supply zone between 64.800-66.400 will cause a strong bearish momentum. And I will be following the price in LTF to catch any short positions in this recent daily supply zone, but longs are more probable as I don't think this supply will hold for long.
The main Supply range, 67.000 - 70.000, is where I will be looking for confirmation short setups until I see daily internal structure switch to bullish.
How to trade after #BTC surges?📊How to trade after #BTC surges?
🧠Although my subjective opinion is bullish, I didn't expect it to rise so sharply yesterday, and without any structure as support, the possibility of a subsequent pullback has increased.
Yesterday we tried to place some short orders in the resistance zone. We originally wanted to make a short-term pullback, hoping to build a bullish long structure and then participate in new long transactions, but the final development was not as expected. Therefore, our short orders were closed near the cost price, and we did not lose money. It was a pity that our long orders were closed in advance, but trading is like this.
➡️The trading volume will be much lower on the weekend, and it is likely to be a complex consolidation stage again. From a structural perspective, the short structure at the 4-hour level has not been broken, so there is still an expectation of a decline. If you want to short, you can only focus on the heaviest resistance area around 64,000
➡️If we fall early from here, the support area we can focus on is around 60,000-61,000
Let's see👀
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BINANCE:BTCUSDT.P
When Will Bitcoin Hit Its Next Peak?The BTC weekly chart with the Pi Cycle Indicator has historically been a reliable tool in predicting major Bitcoin market cycle highs and lows. As shown in the chart, this indicator successfully marked the peak of Bitcoin bull runs and bottom of bear markets during the last three major market cycles.
The green markers on the chart labeled "Pi Cycle High" correspond to moments where Bitcoin reached its cycle top. These highs occurred during 2013, 2017, and 2021, right at the peak of major bull markets, suggesting the effectiveness of the Pi Cycle indicator in identifying sell zones.
The blue markers labeled "Pi Cycle Low" signal the exact periods when Bitcoin hit its bear market bottom, seen in 2015, 2019, and potentially in 2022. These points provided strong buy opportunities before the market entered a new bull phase.
Bitcoin currently trading above $62,000, the Pi Cycle Indicator has not yet signaled a new cycle high. This suggests that Bitcoin could still have further upside potential before reaching its next peak. If the historical pattern holds, we might expect Bitcoin to continue rising over the next year before the Pi Cycle High indicator signals the next top, potentially in mid to late 2025.
Keep a close eye on the Pi Cycle indicator, as it could once again provide crucial signals for a peak in this cycle.
Regards
Hexa
Bitcoin Set for Explosive Move After 220-Day Consolidation!BTCUSD has been in a 220-day range, similar to a previous consolidation period seen in early 2023. Historically, after such long-range trading, Bitcoin has experienced strong bullish breakouts, as shown by the green arrows. With the current range nearing its end, we could be on the verge of another significant upward move. Keep an eye on a potential breakout, which may signal the start of a new bullish trend.
Regards
Hexa
#BTC ideal target zone has been achieved📊#BTC ideal target zone has been achieved✔️
🧠From a structural point of view, the goals of the short structure at the hourly level have all been achieved, so there is an expectation of rebound, so be cautious in chasing shorts! However, a larger short structure has appeared at the 4h level, so even if we want to be bullish, we need to be conservative .
➡️The entry point for yesterday’s long order was not very good, and I added a position near the ideal buying zone once, and the position was relatively heavy, so I closed the position first and looked for trading opportunities again. A small profit and no loss will be enough.
➡️ The short-term pressure area is 61300-62300
The short-term support area is 59400-60250
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin Analysis==>>Risk-To-Reward:4.40Bitcoin started to rise after the UAE exempted cryptocurrency transactions from Value Added Tax (VAT) .
The UAE exempts crypto transactions from VAT starting November 15, aiming to attract more investments and solidify its position as a crypto hub.
Bitcoin is currently moving near the Resistance zone($67,400-$65,000) , the Potential Reversal Zone(PRZ) , and above the ascending channel .
Regarding Elliott wave theory , Bitcoin has restructured a bit since my previous post . Bitcoin seems to be completing wave C inside the ascending channel.
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect Bitcoin to decline to at least the Support zone($62,860-$62,110) again, and because there is still a high possibility of tension between Israel and Iran , it is very likely that Bitcoin will come back below 21_SMA(Weekly) and 200_SMA(Daily) .
⚠️Note: This analysis is valid until Bitcoin does not touch $66,500.⚠️
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My position: Of course, I manage this position with price changes.
BTCUSDT
🔴Position: Short
✅Entry Point: 64347.0 USDT (Limit Order)
⛔️Stop Loss: 65283.0 USDT [ You can open a Short position where the Stop Loss(SL) is $66,500 ]
💰Take Profit:
🎯62493.0 USDT ===>>>Risk-To-Reward: 1.98
🎯60229.0 USDT ===>>>Risk-To-Reward: 4.40
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
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Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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.
#BTC will continue to fall?📊#BTC will continue to fall?
🧠We continued to break the support after rebounding in the support zone yesterday, so the support zone turned into a resistance zone. We are currently in an hourly downtrend, and the ideal target zone (57888-59433) of the short structure has not been achieved, so there is an expectation of continued decline.
➡️If we want to reverse the downward trend, we need to build an hourly long structure in the stage support zone (59663-60493), otherwise don't be too optimistic.
⚠️There is a long structure at a larger level, so don't rush to short. Even if you want to short, you need to wait until the price reaches the resistance zone before trying.
Let's see👀
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BINANCE:BTCUSDT.P
BTC Price Set for Potential Bounce at Lower Bollinger BandBTCUSDT Technical analysis update
Whenever the price touches the lower Bollinger Band, it has historically bounced back. Currently, the price is approaching the lower Bollinger Band at the 59K-60K level (indicated by the yellow circle), suggesting a potential bounce from that area. If historical patterns hold, we can anticipate a short-term bullish reversal, with the price aiming for the upper Bollinger Band in the upcoming sessions.
Regards
hexa
Bitcoin Weekly MACD Cross: Bullish Momentum BuildingBTCUSDT technical analysis update.
In the weekly Bitcoin chart above, we can see that the price has been consolidating after a strong bullish rally. The key point to note here is the potential MACD crossover, which could signify a shift in momentum.
The blue MACD line is approaching the red signal line from below, indicating that a bullish crossover might be imminent. This could suggest that the bearish phase is weakening and that Bitcoin is preparing for an upward move.
The histogram has been decreasing in negative territory, which typically points to diminishing bearish momentum. A shift to positive values could confirm a trend reversal.
The price is currently trading near key resistance levels, and if the MACD crossover happens, we could expect Bitcoin to break through these resistance zones, possibly leading to a significant upward move.
Wee should closely monitor the MACD for confirmation of the crossover on the weekly chart, as this signal has historically been a strong indicator for trend reversals in Bitcoin. If the crossover happens, it could lead to a sustained bullish move.
Regards
Hexa
#BTC Falling Wedge📊#BTC Falling Wedge📈
🧠From a morphological point of view, we have the opportunity to build a falling wedge near the support area, and we will generally rise based on this pattern.
➡️In addition, falling below the turning point means that the previous 4.54% increase has been retracted, which means that the liquidity here will be swept away, so there is an expectation of a rebound.
⚠️With the support of double rebound expectations, don’t chase shorts around here.
Let’s see 👀
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BINANCE:BTCUSDT.P
#BTC going to pull back?📊#BTC going to pull back❓
🧠From a structural point of view, the previous hourly level rise structure has ended, because the target area was reached yesterday, so the pullback is very reasonable. At present, it has returned to the buy zone and near the support zone again. The probability of rebound is high. Don't chase the short in the buy zone. A large negative line appeared at the daily level, so bullishness needs to be conservative.We can only remain optimistic after breaking through the upper blue resistance zone.
➡️If you want to short, you can pay attention to the resistance zone above. The support zone is also marked on the icon.
Let's see 👀
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BINANCE:BTCUSDT.P