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Btcusdtshort

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! ____________________________________ BINANCE:BTCUSDT
Short
by CryptoCheck-
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
BITSTAMP:BTCUSD
by AdilHussain731333
#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
Long
by CryptoAnalystSignal
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).
Short
by trushkovskiy
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.
Long
by Mia-Signal
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:👇 _________________________________
CRYPTOCAP:BTC.DShort
by CryptoCheck-
BTC/USD "BITCOIN" Bullish Robbery Plan To Steal MoneyHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist BTC/USD "BITCOIN" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
PEPPERSTONE:BTCUSDLong
by Thief_Trader
1
Looking for Sell BTC around 60600(8/16/2024)Bearish Shadow is still chasing BTC. After a good retracement from the 49-50k zone, BTC faced some selling pressure around the 62700$. The pressure finally pushed the price to 56.1k $ yesterday. right now price action is showing us HH and LH and, we can see Liquidity above the 59800$ and FVG above it. We believe the price will eventually reach the zones as mentioned earlier, then we are looking for a bearish setup around 60600$(this is important!) . Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by fortunamarkets
#BTC/USDT#BTC #BITCION The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well The current price is $59,102. It is expected to fall to touch the lower limit of the channel at $57,700, which is the entry price There is a strong support point at this level, green Targeting the upper limit of the channel at $60,000 This boot supports the lower limit as we are still below the moving average 100 But what supports the rise after touching the lower limit is the presence of an upward trend on the RSI
Long
by CryptoAnalystSignal
4
Bitcoin BTCUSDT currently trading around the $60,539.9 levelThe BTCUSDT chart shows Bitcoin currently trading around the $60,539.9 level. The price has seen some volatility recently, with significant movements both upwards and downwards. Key Points: Support and Resistance Levels: The price recently reached a local high (TP2) around $61,112, but faced resistance near $62,375, causing a pullback. There is significant support near $58,267.5, as indicated by the recent entry marked by RICHI. This level could act as a key point for further upward movements if the price holds above it. Recent Trade Setups: A long position was initiated around $59,000 with a maximum profit of 16.94%, showing a successful upward move that hit the take profit levels (TP1 and TP2). A short position was also triggered after the price failed to break higher, leading to a brief downward movement. However, this short trade appears to have been closed as the price bounced back. Current Scenario: The price is now consolidating around $60,500. If it breaks above the recent high, it could retest the resistance at $63,000. Conversely, if it drops below $58,267.5, we might see further declines toward the next support levels at $57,000, $55,733, or even $54,044. Potential Targets: On the downside, potential targets for further decline are set at $57,000, $55,733, and $54,044. These levels align with previous support zones and Fibonacci retracement levels. On the upside, the key resistance levels are at $62,375 and $63,335, which Bitcoin needs to overcome to continue its bullish momentum. Conclusion: Bitcoin is currently in a critical consolidation phase. Traders should watch for a decisive breakout above the current resistance levels or a breakdown below the support to determine the next major move. Holding above $58,267.5 could be bullish, while a fall below this level might indicate a deeper correction.
by RICHI_CRYPTO_SIGNAL