Bitcoin's local perspective 14.10.24The old logic of the forecast from last Monday was achieved👇
After that, the price went under the mentioned trend line and continued its drop.
Now there are no new swing models for INDEX:BTCUSD , and within the existing ones there is a correction to the zone of $64,000-$63,648
Btcusdtshort
BTC short idea 4HBTC/USDT on the 4-hour timeframe is showing signs of a rejection from key resistance. This could indicate a potential short opportunity as the price may head towards lower support levels. Watch for confirmation from indicators like RSI turning downward and volume fading to support the bearish momentum. Be cautious of any bullish reversal signals that might appear near critical support levels. 📉 #BTC #Crypto #ShortTrade"
Bitcoin (BTCUSDT) Short Trade Setup: Key Levels and TargetsThis chart shows a short trade setup for Bitcoin (BTC/USDT) with clearly marked Entry, Stop Loss (SL), and multiple Take Profit (TP) levels by using the Risological swing trading indicator.
Here’s an analysis of the current situation:
Entry: The short trade entry was triggered at 64354.7 USDT.
Stop Loss (SL): The stop loss is placed at 65437.3 USDT, which is slightly above the resistance level to limit potential losses if the price reverses upward.
Take Profit (TP) Levels:
TP1: The first target is 63016.5 USDT.
TP2: The second target is 60851.1 USDT, and the price has already hit this level.
TP3: The third target is set at 58685.8 USDT.
TP4: The final target is 57347.6 USDT.
Current Price Action:
After entry, Bitcoin has experienced a downward move as expected, already hitting TP2.
The market is showing some consolidation, which may indicate a temporary pause before continuing its downward momentum.
Trade Management :
If the price breaks below TP2 again, the short trade could potentially hit TP3 and TP4, providing an opportunity for more significant gains.
If there’s a reversal, traders should be cautious and manage the trade accordingly, potentially moving the stop loss to breakeven to lock in profits.
This short setup appears to be progressing well, and if the bearish momentum continues, it may hit the lower take profit levels soon.
BTC Short idea | Prepare for the correctionBTC is showing signs of an upcoming correction. Bearish indicators suggest a potential pullback, so it's time to prepare for a short trade opportunity. Monitor key support zones and watch for confirmation signals as the market cools down. 📉 #BTC #Bitcoin #CryptoCorrection
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BTCUSD Analysis elliot sell. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BTCUSD sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
#BTC/USDT#BTC
The price broke the descending channel on the 4-hour frame upwards, but it is expected to retest the broken channel
As well as retest the 100 moving average again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 53400
Entry price 60200
First target 58900
Second target 57170
btcusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
btcusdt signal sell. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BTC - TWO Theories - ELLIOT Wave vs FRACTALElliot Wave Theory is an absolute favorite of mine, combined with Wyckoff Method and chart analysis (trendlines and technical indicators). If you've been following; you'll know I've been speaking of a multi-month cycle, specifically a multi month corrective wave before the final impulse wave up (4-5).
Considering we're still in that corrective phase, let's take a look at TWO options from here:
Option 1 , is we retrace around -50%, same as last time. However, this would pose an issue - if we drop lower than (1), it invalidates the Elliot Wave Theory, and also invalidates the bullish cycle. The second problem, is that the previous cycle's increase (2-3) was MUCH bigger than the current 2-3 we are observing. This brings us to option 2.
Option 2 , is that we retrace around the same ratio as the previous cycle. To calculate the ration, we need to see what % we retraced and compare it to the % increase.
We increased 1533.92% (2-3)and retraced 55.25% (3-4). That means it's a 3.6% correction compared to the increase.
For the current cycle, we increased 357.27% (2-3) and retraced 33.76% (3-4). This gives us a 9,45% correction - three times as much as the previous cycle.
You can take this two ways - either we're following a 50% correction, OR we're not falling lower than the current point 4 which is around $49K.
Share your thoughts!
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BINANCE:BTCUSDT
BTCUSDT - one n single area, what's next??#BTCUSDT.. first of all congratulations to all who followed us from last couple of ideas regarding BTC.
Market very well followed our analysis and now again market is just below his immediate resistance that is 55700 55800 around
Keep close that area thats need your focus actually and if market hold it then another smooth drop on the way.
Keep close 55700 55800 and don't holds your buying positions below that level.
Good luck
Trade wisely
#BTC/USDT#BITCOIN
Bitcoin is moving in a descending channel on the 4-hour frame and the price has reached a strong support area in green at $57,200
There are rising loads from the current support level but it needs upward momentum to be able to reach the targets
Entry price $58,000
First target $60,257
Second target $62,236
Third target $64,000
The pattern is canceled if the support level in green at $57,200 is broken
In that case, the price will be heading to $54,100, which is a strong support level
BTC / BITCOIN / BTCUSDT🔍 BTC/USDT Analysis: 1-Hour Timeframe 📉
The BTC/USDT chart on a 1-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view.
• BUY DATE: August 31, 2024, 8:00 PM - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating BTC or entering long positions.
• BUY DATE: September 1, 2024, 7:00 AM - Green Line: Another potential local low, suggesting a moment to consider entering positions.
• BUY DATE: September 3, 2024, 7:00 PM - Green Line: A further indication of a potential local low, which might offer a favorable entry point.
When working with this 1-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
BTCUSD: BUY@62600-61800
The bullish momentum has been hindered, leading to continued consolidation at higher levels, with indicators showing weakness. A partial pullback is likely, with key support in the 62,800-62,100 range. If this support is breached and the bears are strong, the next strong support should be around 61,700, which would present a great buying opportunity.
The bullish target is at least in the 68,000-71,000 range, and if the uptrend is strong, the ultimate target of 78,000 is also achievable.
BTC : HARD DROP Likely BEFORE New ATHHold on to your horses - in today's analysis we're going to do a really deep dive on Bitcoin, the altcoin market (TOTAL 3) and Bitcoin Dominance (BTC.D) Make sure you watch all the way until the end to reach the final conclusion!
In this video, I systematically point out two main reasons why the corrective phase isn't over, as well as what could possible happen NEXT based on the rotations between alts and BTC.
COINBASE:BTCUSD COINBASE:BTCUSDT CRYPTOCAP:BTC CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
For months I've been anticipating a multi-month corrective pattern, before another impulse wave up which I believe leads us to our final all time high (ATH) for this bullish cycle. Although I've said "multi-month" quite a few times... who knew it would be such a drag! I nearly thought BTC was ready to turn towards the upside, but after THIS* happened (together with the analysis in the video) it's likely we're still heading lower:
*https://www.tradingview.com/chart/BTCUSD/h2bMes4J-BTC-FINALLY-Bullish-BREAKOUT/
THIS* is referring to my update on BTC two days ago, where it seemed like a bullish breakout. At this point however, the price is not able to hold the support zone (which was the condition I listed) and therefore it's likely a fakeout.
If you're looking for the idea I referred to in the analysis on the Altcoin dump find it here:👇
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