BTCFDUSD appears downtrend📊 Analyzing **FDUSD** across multiple timeframes:
**22-day time frame**, **Weekly time frame**, **Daily time frame**, and **4-hour time frame**.
📉 FDUSD appears to be in a downtrend and showing signs of further decline.
If the key support level fails to hold, we may see an extended drop.
🔻 Key Levels to Watch:
🔹 **Immediate Support:** Key demand zone holding price.
🔹 **Resistance Levels:** Any bounce should be monitored for rejection zones.
🔒 Stop Loss should be placed above key resistance levels to manage risk.
🔍 We are using trend analysis, volume confirmation, and price action to identify this setup.
FDUSD’s movement aligns with lower highs, indicating sustained selling pressure.
**Bearish View:** Expecting further decline if support breaks.
**Bullish View:** Only a confirmed breakout above resistance can reverse the trend.
⚠️ A cautious approach is advised! Watch for price action confirmation before entering. 🚨
⚠️ **Note:** If FDUSD breaks below support, it could accelerate the downtrend. ⚠️
🔔 **Be sure to follow the updated ideas for real-time insights!** 🔔
⏰ **Analysis Time:** FDUSD across multiple timeframes.
⚖️ **Do not forget to set a Stop Loss** for risk management! Protect your capital! 🔒 BTUSD
BTCFDUSD trade ideas
BTC Crypto 4h chart looks falling -long later📊 Looking at the analysis of **BTCFDUSD** across multiple time frames:
**22-day time frame**, **Weekly time frame**, **Daily time frame**, and **4-hour time frame**.
🚀 BTCFDUSD is currently at **$104,688** and is expected to pull back before resuming an upward move.
A better entry point would be around **$102,550** for an optimal risk-reward setup! 📉📈
🔒 Stop Loss can be set below the support level to manage risk effectively.
🔍 We are utilizing key support and resistance levels to identify the best trade zones.
Currently, BTCFDUSD is approaching a strong support level, which could trigger a potential bounce.
**Bullish View:** Expecting a bounce from **$102,550**, leading to a strong upward movement.
**Bearish View:** If BTCFDUSD breaks below **$102,550**, further decline is possible.
🌟 This setup presents a very interesting opportunity! Keep an eye on the price reaction at **$102,550**. 🚀
⚠️ **Note:** We should expect further decline if BTCFDUSD breaks below **$102,550**. ⚠️
🔔 **Be sure to follow the updated ideas for real-time insights!** 🔔
⏰ **Analysis Time:** BTCFDUSD across multiple timeframes.
⚖️ **Do not forget to set a Stop Loss** for risk management! Protect your capital! 🔒
💡 **Follow your trading plan; this is just my analysis. I’d love to see your thoughts in the comments!**
✅ **Don't forget to hit the 'Like' button** ✅ 🙏😊 & share it with your friends; thanks, and happy trading! 📈
**BTCFDUSD**
BTCUSD Channel Formation - Targeting $69,000 to $72,000 in Two W📈 📈
In this setup, BTCUSD is showing strong momentum within a defined upward channel, aiming to reach the $69,000 to $72,000 range within the next two weeks. Given recent price action and underlying support, Bitcoin appears ready for a solid breakout within this range, providing an attractive risk-to-reward opportunity for traders.
Key Highlights:
Channel Resistance: Target range sits at $69,000 - $72,000.
Support Levels: Recent lows suggest strong support within the current trend channel, adding stability to the forecast.
Target Timeline: Two weeks based on technical indicators and recent momentum.
📌 Trading Plan: Monitor for any pullbacks to accumulate or look for confirmation of breakout signals to add positions. Manage risks with tight stop-losses below recent support levels to capitalize on this bullish setup.
🚨 Disclaimer: This is not financial advice. Always conduct your own research before investing.
Bitcoin - Technical AnalysisDear Analysts and Traders,
Looking at the Bitcoin price chart, I notice a variety of structures described by Technical Analysis. My attention is particularly drawn to elements related to the Elliott and Wyckoff methodologies. The market appears chaotic yet orderly at the same time.
I must mention that I am not someone with formal education in this field. I am self-taught, placing a strong emphasis on using Technical Analysis as the main component of my decision-making process. This stems from my belief that although the chart is difficult to read, it largely allows for the interpretation of the hidden intentions of "smart money." I want to stress that the following words reflect only my personal point of view, which may not be correct, and that this publication is by no means investment or educational advice as understood by any law regulating such matters. I simply intend to ramble about topics I don’t fully understand.
Background
Bitcoin's price is in a long-term upward trend. Over the past year, there has been a strong upward trend within a broad sideways structure. Today, the price is near the upper boundary of this multi-year structure, and at the same time, at the lower limit of a smaller structure.
Technical Analysis
In my considerations, I will use elements of the Elliott, Wyckoff, and VSA methodologies.
I begin by applying the key elements of these methodologies to the price chart from recent months. Starting with Elliott's five-wave approach, I outline the trend that has brought the price to these levels, marking it as (12345). Next, I highlight the three-wave corrective patterns with a white (ABC), creating a complex correction structure.
I add events consistent with the Wyckoff method to the chart. Due to the complex nature of the studied structure, I decide to mark processes of varying scales. I do this with verbal descriptions in red and green, supplemented by horizontal lines indicating support and resistance. The structure described in red is the dominant one. I analyze the volume dynamics, marking them with dashed lines and a red loop.
Additionally, I pay attention to candlesticks, especially in the context of VSA and their specific meaning in key areas, such as extremes or events related to the methodologies used.
Interpretation and Thoughts
Without a doubt, Bitcoin’s price structure is both intriguing and complex. Looking at the most basic elements of the chart, I see strength, and at the peaks, I don't notice setups like Trap UpMove or Upthrust with volumes significantly deviating from the average. Instead, there are numerous Shakeout events, often followed by local volume peaks in its declining trend. This is different from the setup at the point I marked as Phase C. According to Wyckoff’s method, this is where the largest volume since the halt of the uptrend has appeared. The Green Upthrust is particularly interesting. As part of a smaller structure, which I believe to be accumulative, it indicates No Demand. Of course, this is a sign of weakness, but what matters to me is the background, where significant potential distribution is evident, with signs of weakness seen through multiple breaches of the lower part of the trading range. I could treat this situation as Phase C, but of a distribution phase. However, I believe there is no overwhelming supply here, and in the actions of the Composite Man, I would expect an attempt to lead the crowd to the highest possible regions, trap them, and guide them to the inevitable. Here, the rhetoric is different—the market appears weak, but the area around Preliminary Supply has been strongly defended by the bulls.
From an Elliott perspective, I see a complex correction, and I believe it is a triple three, consisting of a flat correction, a three, and a zigzag. The end of this series of corrections, in my opinion, begins Phase C of the highest-order accumulation in this area of the chart. Supporting the thesis of an accumulation process is the volume, which follows a characteristic pattern: huge volumes at the halt, followed by a steady decline in Phase B, particularly during the descent from the peak of the Red Upthrust. The test of Phase C is abrupt, and the price once again forms a smaller structure. Here, I expect a test to appear, especially on a higher timeframe, confirming No Supply. For now, despite the chart’s grim appearance, I see more of a transfer of assets from the crowd rather than an attempt to push the price significantly lower.
The Bitcoin price chart presents a beautiful structure from a Technical Analysis perspective. I believe there is much more to be uncovered. I think my reflections on these price movements provide a basis to claim that an accumulation process is underway. Soon, confirmation of the lack of selling pressure will likely emerge—if I am interpreting the market correctly. The smaller Green Structure is a kind of retest that could evolve into a Turning Point.
Soon, the market will reveal whether my assumptions are correct and make clearer that which allows for easy analysis... after the fact!
Thank you all for taking the time to read my thoughts. I wish you successful analyses and winning positions!
CatTheTrader
Bitcoin (BTC): Witnessing Support, Potential Long Opportunity Ah
Title:
Bitcoin (BTC): Witnessing Support, Potential Long Opportunity Ahead
Overview:
Hello Traders,
Bitcoin (BTC) is currently finding support, signaling a potential long opportunity on the horizon.
CRYPTO:BTCUSD
Key Points:
- Bitcoin (BTC) is encountering support at current levels, indicating a potential reversal of the recent downtrend.
- Traders are closely monitoring BTC's price action for confirmation of the support level and potential entry points for long positions.
- Positive market sentiment and fundamental factors such as institutional adoption continue to underpin Bitcoin's long-term bullish outlook.
Technical Analysis:
Bitcoin's price chart reflects signs of support, with price stabilizing and showing potential for a bullish reversal. Technical indicators suggest a favorable environment for long positions, with bullish momentum gaining traction.
Conclusion:
With Bitcoin witnessing support and a potential reversal of the recent downtrend, traders may consider exploring long opportunities. However, it's essential to exercise caution and wait for confirmation of the bullish trend before entering into new positions.
Don't Forget to Engage:
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BTC far outside it's main channel, needs correctionBTC is outside it's main channel and needs to either come back down to it and bounce off or break back into it and continue lower.
Can first rise to the 69,600 region before retesting the support at 65,700
If the support breaks the next support to test will be at 61,000 then 57,600
If the price bounces off the support, then it's likely to continue higher to resistance at 76,500 then 81,500