Btcusdtrend
BTCUSDT Long trading ideaOKX:BTCUSDT
Long trading idea
Probable fractal repetition of the previous scenario shown on the graph
In this regard, a correction from the current 38% is likely.
I place limit orders on spot in the order book at prices
48048
47074
47047
46064
45054
45045
44044
43043
43034
42042
42024
41041
41014
Average price 44044
Experimental trading idea
Repetition at your own risk
BTCUSDT: 80K On The Way! Dear Traders,
BINANCE:BTCUSDT recently ranged between $60000 to $65000, however, price created lower low and then lower high and failed to continue the pattern, in other terms price took our the sell side liquidity and then after price early mitigated. Currently we are expecting price to continue the bullish momentum until it reaches 80k
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BITCOIN $BTCUSD - Apr 9th, 2024 | ASCENDING TRIANGLE ON BITCOINBITCOIN BITSTAMP:BTCUSD - Apr 9th, 2024 | ASCENDING TRIANGLE ON BITCOIN
BUY/LONG ZONE (GREEN): $71000 - $83000
DO NOT TRADE/DNT ZONE 1 (WHITE): $68500 - $71000
DO NOT TRADE/DNT ZONE 2 (WHITE): $63000 - $68500
SELL/SHORT ZONE (RED): $52000 - $63000
Weekly: Bullish
Daily: Bullish
4H: DNT
The DNT zones are separated into two and can also be used to create expanded zones for the bearish and bullish areas. The zone is split at the 68500 level because this holds structural impact on the lower timeframes and is roughly where price should create a new support level at for the ascending triangle pattern that can be seen on the Daily timeframe down to the lower timeframes. Whether price further creates bullish support or breaks through the level and down into the bearish area, the 68500 level is my main trend determination for the lower timeframes. The ascending pattern can also be seen on the Weekly but is more so shown as a tight range and does not show as much detail as the Daily and 4H pattern did.
My main focus for looking for entries is going to be on the 4H timeframe and try to follow the chart pattern of the ascending triangle, whether it respects it or breaks it.
The bearish target was determined by where previous bullish momentum had started, about a 17% drop from the start of the bearish area.
The bullish target was made to roughly match the same percentage distance as the bearish target, which is where the 83000 level came from.
Previous CRYPTOCAP:BTC analysis is linked below!
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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$BTC Linear Regression Analysis$BTC:1D (1 year look-back period)
CRYPTOCAP:BTC currently hovering around its linear mean price point of 45.6K in anticipation of SEC approval or delay tomorrow.
Current linear range at standard deviation up and down is roughly 50.9K to 40.5K. Pearson’s R^2 is extremely high at 0.96, implying a high tendency for price to centralize around the linear mean.
The upward trend from October has been extremely strong. It should be noted that maintaining trend strength at these elevated levels of Pearson’s R^2 for any extended periods of time (6 months or more) is highly unlikely.
Bearish price to RSI divergence is present (yellow lines) and would require a move above 83 on the 1D RSI to invalidate.
At a minimum a move down to the 38K region over the course of the next few weeks seems like a very reasonable proposal. This assumes that price has baked in the ETF approval and that a rejection/delay by the SEC could portend even further downside risk which could eventually place enough pressure on the above linear regression channel to either weaken it significantly or, in the event of a hard selloff, to shatter it completely.
Not financial advice.
BTC 4HR Analysis - Bull Channel Breakout to Weekly ResistanceBTC/USD broke out of the previous trading range to $35,000 and has been in a bull channel continuation pattern since. Just above this bull channel is the weekly bull channel resistance which happens to be a perfect measured move setup from the previous breakout level. The probability is in favor of a breakout to the upside to at least touch the Weekly channel resistance at $37,500. If the price span of the channel is the measurement of the move above the channel, we could see just above $38,000.
Key Points:
1. Bull Breakout from the previous trading range
2. Bull Channel Continuation Pattern is playing out
3. Price is near Weekly Channel Resistance just above the bull channel
4. Gap to fill to the Weekly resistance with a Measured Move
5. RSI has Room to Move Up
As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful.
Trade wisely and let us know what you think in the comment section below!
BTC excellent short entry 29k12h time frame
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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.
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ref.1 Head and Shouders
ref.2 Harmonic pattern
BTC target 29k in October4h time frame
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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
BTC small Heand and Shoulders1h time frame
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Bitcoin broke the downtrend line on 2nd Oct. Currently, Bitcoin is retesting to search R/S balance zone, also is creating a potential HS on 1h time frame, which is good for retesting structure because it shows potentially available support. However, we need to consider the possibility of longer consolidation, so this bottom HS trading plan will only be triggered while breaking neckline at 27650.
BTC is on the critical support1D time frame
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Bitcoin has huge volatility in these two days, pumped high and wend back soon. This scenario means bear for most people, but if we take a closer step, Bitcoin is currently on the support zone(27150~27300), which is made of a consolidation on lower time frame. Also, Bitcoin has the probability creating the Break and Retest trend, if getting support well here, we can still aim to higher target(29000~30000)
BTC Butterfly Pattern (entry 29100)4h time frame
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Bitcoin is approaching the falling trendline which Ethereum already broke out, so we can predict Bitcoin tend to go upside in near future. Also, Bitcoin is creating a potential bearish harmonic pattern_butterfly, which utilize 1.272 Fibonacci Projection to estimate PRZ at 28900~29100. Further, combining our previous analysis of potential Head and Shoulders structure, the top of right shoulder might appear at the range 29150~29500. Therefore, once Bitcoin maintain this pumping momentum and go into this zone, we can observe whether reversal PA appear, then it could be the best short entry before this bear bottom.
BTC potential reversal zone 29.5k12h time frame
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According to previous analysis, Bitcoin made a false breakout(or stop hunting) again.
This PA usually creates V shape as we see recently, current question is where does this pump reach, I think the top of this pump is the best opportunity to short before next BTC halving in 2024.
If we take a step back, there is a potential harmonic pattern(shark structure), its D point(PRZ) is aligned with Fibonacci retracement 0.382(as we analyzed before). Therefore, if Bitcoin can maintain this pump, it might reach the end at around 29500.
Entry: 29500
TP: 18000~20000
SL: 30500
BTC 1H trading plan1H time frame
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After huge pump from 24900, Bitcoin starts consolidating currently.
From the perspective of long, Bitcoin is creating a potential continuation pattern, such as a triangle structure. Therefore, we can focus on the support strength at 25700, if the support is workable for Bitcoin, trading plan will be triggered as below.
TP: 27385
SL: 25420
BTC recent target 275654h time frame
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Bitcoin creating the similar structure with previous one, formed from Aug 23rd to Aug 29th.
Getting support again at 25700, according to the symmetrical pattern, Bitcoin has potential to reach 27565 in near future. Therefore, we can set up a plan as below.
TP: 27565
SL: 25090
Unique contradictions these days. So, I opened the trading chart 1M hasn't turned it on for a long time.
The Kijun-Sen line crosses thin neck of the Kumo cloud. In fact, the candle is hovering in that thin neck!!!
If the March candle opens behind the cloud, there is enough of a bear market for all of 2023.
Also, the white line is a simple 200-day monthly MA.
Also the orange one is daily EMA50. And the pin stuck into it.
The HLIDX indicator (from the respected LazyBear)
shows that we are in bearish territory.
It's a mind blast.
BTCUSDT Must Have Run! Despite everyone, I am thinking of Short!According to classical analysis we reached the bottom of ascending channel and we should look for upward run!
But as you see in chart, my own developed indicator based on blocks, support and resistance and some other data which is showing the probability of next movement ; indicates that we should face downward for future prices and I believe in what I was developed and coded based on my experience and knowledge of market analysis which I want to share it with you also!
Anyway,
Max upward price : 23200 - 23300 and reaching more than these prices means going to break 25500 and 26000
Break Bullish Block : 21700 - 21500 means going down to 18800 and if more 16600 and even more 15300
Not a special advice for trading just as student of financial market experienced ...
BTCUSDT - Let's go up What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones