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3X Short Bitcoin Token

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BEARUSD trade ideas

BITCOIN (BTC) SHORT TERM TARGET AND LONG TERM TARGET It looks like you're planning to sell Bitcoin (BTC) around 103,500 with target price levels of 97,000 and 102,000. Here's a breakdown of your trade plan: Sell Position Details Sell Entry Price: 103,500 Target 1: 102,000 (short-term target) Target 2: 97,000 (longer-term target) Risk Management Set a stop-loss to manage risks effectively. For example, if BTC rises significantly above 103,500 (e.g., 104,500 or 105,000), you may consider exiting to avoid further losses. Market Analysis Tips Check for support and resistance levels near your targets. Keep an eye on market trends, news, and technical indicators (RSI, MACD) to validate price movements. CAPITALCOM:BTCUSD
CAPITALCOM:BTCUSDShort
by TRADE_CENTER_1
BITCOIN BullishA technical analysis of **BTC/USD (Bitcoin vs. US Dollar)** on a **30-minute timeframe** using key technical tools such as **support/resistance levels**, **trendlines**, and visual annotations for price movements. --- ### 1. **Key Levels Highlighted** - **Blue Zone (Resistance Area around $102,300 - $102,570):** - Price has been rejected multiple times from this area, signaling a **strong supply zone** where sellers dominate. - Two prior rejections are marked with **yellow circles**, showing historical resistance. - **Green Zone (Support Area around $98,956 - $99,318):** - This is a **key support zone** where the price bounced upward multiple times, highlighted by **blue circles**. - A failure to hold this support may push the price lower to test further downside levels. - **Red Zone (Next Key Support around $94,700 - $96,215):** - Below the green zone lies this **critical demand zone**, where buyers may step in. A breakdown of this area would indicate **bearish continuation**. - **Yellow Zone (Support Base near $93,720 - $94,229):** - This is the **lowest demand area** observed on this chart. It serves as a **last line of defense** before further downside. --- ### 2. **Trendlines** - **Yellow Uptrend Line:** - The price is respecting this **ascending trendline**, suggesting an ongoing short-term uptrend. - A clear break below this line could indicate a shift to a bearish trend. - **Red Downtrend Line:** - This short-term downtrend (descending resistance) intersects with the yellow trendline. - A breakout to the upside would indicate bullish momentum. - **Black Trendline (Major Long-Term Support):** - This lower black line shows a **long-term uptrend**, acting as significant support in case of a larger correction. --- ### 3. **Potential Scenarios** - **Bullish Scenario:** - Price retraces to the yellow uptrend line and bounces, breaking through the blue resistance zone (~$102,570). - This breakout could lead to further upside continuation. - **Bearish Scenario:** - If price breaks the yellow uptrend line and fails to hold above the green support zone (~$98,956), it may drop to test the red zone (~$95,800). - Continued selling pressure could push the price to the yellow zone (~$94,229). --- ### 4. **Market Behavior and Price Structure** - The repeated **rejections** from the blue resistance zone indicate strong selling pressure. - However, the **higher lows** formed along the yellow trendline show buying support, signaling a potential **triangle pattern** forming. - The breakout direction from this consolidation will likely determine the next significant move. --- ### 5. **Key Points to Watch** - **Break and Retest:** - Watch for price action near the blue resistance or green support zones for a breakout or reversal signal. - **Volume Confirmation:** - A breakout with increasing volume would confirm a strong move. - **Trendline Interaction:** - Monitor the yellow ascending trendline. A breakdown below it would suggest weakness. --- In summary: - **Bullish bias** exists above the yellow uptrend line. - **Bearish risk** increases below the green zone. - Key breakout above **$102,570** or breakdown below **$98,956** will signal the next direction.
BITSTAMP:BTCUSDLong
by amerjaradat
BTC - ChatGPT Analysis!Want to see something cool? I entered the above chart into ChatGPT with no further information. My lines are drawn, so it clearly identified those as key levels in its analysis, but I did not offer anything else. Here’s a technical analysis of the Bitcoin (BTC/USD) daily chart provided: Key Observations: All-Time High Retest Zone: The price has broken above significant resistance near $100,000, which was a key psychological level. This breakout signals strong bullish momentum. Bitcoin is currently consolidating just above this zone, suggesting a potential retest of support at $99,860. Trend Confirmation: Bitcoin is in a strong uptrend, as indicated by the series of higher highs and higher lows. Both the 50-day SMA (blue) and the 200-day SMA (red) are sloping upwards, confirming bullish momentum. The price is well above both moving averages, indicating strong support and an extended bullish structure. Volume Analysis: Volume increased significantly during the initial breakout above $100,000, validating the move. Recent volume levels during consolidation are slightly lower, which is typical during a pause after a breakout. Support and Resistance Levels: Immediate Support: The key level to watch is $99,860, where prior resistance is now expected to act as support. Major Support: The next critical support lies near $73,835, the previous breakout level. Resistance: While Bitcoin is trading in uncharted territory, potential resistance could form near psychological levels such as $105,000 and $110,000. Momentum Indicators: Momentum remains strong, with no immediate signs of bearish divergence. The absence of a pullback after such a significant rally indicates sustained buying pressure. Potential Scenarios: Bullish Continuation: A daily close above $100,000, followed by a retest and successful hold of this level, could lead to further upside. Potential targets include $105,000 and $110,000 in the near term. Consolidation: Bitcoin may consolidate between $99,860 and $102,000, allowing the market to absorb gains before the next move higher. This would allow the moving averages to catch up and provide additional support. Bearish Reversal: A failure to hold $99,860 could trigger a retracement toward the 50-day SMA (~$85,000) or even the major support level near $73,835. Strategy Recommendations: For Bullish Traders: Look for confirmation of a breakout above $102,000 for long entries, targeting $105,000 and beyond. Use $99,860 as a stop-loss level to manage downside risk (I disgree with this, I would put it lower below support, not on support!) For Bearish Traders: Consider short positions if Bitcoin closes below $99,860 with increasing volume, targeting the 50-day SMA or $73,835 for a pullback. Neutral Traders: Monitor the consolidation near $100,000. A breakout or breakdown will provide better clarity on the next major move. Conclusion: Bitcoin’s daily chart shows strong bullish momentum, with the price breaking above the key $100,000 level. As long as $99,860 holds as support, the uptrend remains intact, with potential for further upside to psychological levels like $105,000 and $110,000. However, a failure to maintain this level could lead to a retracement, offering opportunities for both bulls and bears depending on the direction of the next move. Not bad, ChatGPT, not bad. Not exactly my analysis, but cool to see.
COINBASE:BTCUSD
by ScottMelker
107K is next upside target, looking at 98-98.5K for entryMorning folks, So, BTC stands in upside channel, and we have no big patterns by far. Meantime, on 4H chart as potential ones, we could suggest the butterfly, right? While on 1H chart we have DRPO "Sell" (in red circle) and a kind of H&S shape. It is just a shape, but who said that market can't keep it harmony? Thus, 98-98.5 seems interesting level, if you would like to go long. For short position we see nothing interesting on higher time frames, thus, only DRPO "Sell" here and with minimal target around 98.5K
COINBASE:BTCUSD
by Sive-Morten
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec13, 2024Technical Analysis and Outlook: Bitcoin's repeated pullback in this week's trading session by upholding firmly at the Mean Sup 96000 price level within the completion of the Inner Coin Rally 103600 is now noted. Recent analyses indicate that the cryptocurrency will likely retest the completed Inner Coin Rally 103600 by navigating the weak Mean Resistance 102300. This movement is anticipated to revitalize its upward trajectory toward the projected Outer #1 Coin Rally 110000 and beyond. Furthermore, a potential decline to the Mean Support 97000 would prepare the market for the subsequent phase of a bullish trend.
BITSTAMP:BTCUSD
by TradeSelecter
1
"BTCUSD Short-Term Outlook: Bearish Reversal Towards $99,000"The future prediction for BTCUSD suggests a potential bearish reversal following recent price action near key resistance levels. After reaching the $102,800 zone, Bitcoin faces strong selling pressure, indicating a weakening upward momentum. A potential double-top pattern has formed, signalling a reversal, especially if the price fails to break above this resistance. Additionally, the ascending trendline acting as support may soon give way, leading to accelerated downward movement. If this scenario plays out, BTCUSD could test lower support levels around $99,000, where significant buying interest may emerge. Traders should watch for a breakdown confirmation below the trendline and monitor volume for increased selling pressure. However, a false breakout above $103,200 could invalidate this bearish outlook, making stop-loss management crucial. Overall, BTCUSD's short-term trend suggests a correction is likely, with a target of $99,000 before any possible rebound or continuation of the broader bullish trend .
COINBASE:BTCUSDShort
by PK97
My expectations for BTCI think everything is clear in the picture; Two equal movement sizes and its intersection with the trend line is the next price target before a deep correction (probably!) My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
BITSTAMP:BTCUSDLong
by ali_kasma