BTCUSD - Bullish RetracementCurrently BTCUSD weekly trend still bullish. However, we can see a complex wave retracement WXY. Not sure whether she wants to retracement to become WXYXZ. Let's monitor the retracement until we see the trend continuation.by AdamIdris22
BTCUSD SELL ANALYSIS RISING WEDGE PATTERNHere on Btcusd price has form a rising wedge pattern on 15 minutes and now try to fall down so if the line 53794 break there is a bigger chance of falling down so going for SHORT needed and targeting profit should be around 51812 . Use money managementShortby FrankFx144
12-Sep-24 UpdateI'm expecting: bear trap -> Short squeeze -> Long squeeze long term view: by ThousandDollarBitcoin2
btcusd longPrice Action: Bitcoin is currently trading above the 200-period moving average, which is a positive sign indicating a potential uptrend1. Fibonacci Retracement: The price is hovering just above the 0.618 Fibonacci retracement level, which often acts as a strong support zone and a potential reversal point2. Elliott Wave Analysis: The Elliott Wave analysis suggests that the Wave 2 correction is likely complete, and the price is expected to move higher as Wave 3 unfolds1. Technical Indicators: Relative Strength Index (RSI): The RSI is currently above 50, indicating bullish momentum3. Moving Averages: The shorter-term moving averages (20 and 50 periods) are trending upwards, supporting the bullish outlook3. MACD: The MACD line is above the signal line, which is another bullish indicator3. Overall, the technical indicators and chart patterns suggest a bullish outlook for BTC/USD on the H4 chart. However, it’s essential to keep an eye on key resistance levels and market conditions for confirmation of the trend.Longby Mansa_Musa_Capital3
Rejection at local POC If a rejection from this local range is confirmed, I anticipate a retracement to the 0.618/65 Fibonacci level before a potential new upward move. Enter at the SFP (Swing failer pattern) of the POC (Point of Control), with stop-losses placed below the wick. I'm observing a slight bearish indication on the CVD (Cumulative Volume Distribution). However, this bearish signal could be invalidated if a significant upward move occurs and surpasses the 57,150 level.Shortby jccp_euUpdated 4
ETF approval changed the game for BitcoinThe beauty of mathematics suggests 200k scenario will take much longer than anyone expects. It's almost like a 2016 and 2019 repeat.by axelrodd3
BTC LongNot sure how likely this is to hit because we took previous days low but this is a textbook setup so I will accept risk here.Longby DNiceChampion2
BTC USD UpdateIm stoped out of this trade via cready stop and now we still in same range, as long as range high stands On daily timeframe we are bearish, if we get trend higher it means we have now structure shift bulish or sideways consolidation option to trade. I missed all trades over london session , i was managing trades since thursday, so sleep was must. lets see we catch some good trades today with fundamentals. should be some action! keep u posted. Shortby themarketknight1
BTCUSDPair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Demand Zoneby ForexDetective3
Btc / Usdt BITSTAMP:BTCUSD Certainly! Let's break down the situation: ### Current Price - **Bitcoin (BTC) is currently priced at $56,599.** ### Support Levels - **Support Level**: This is a price point where a downtrend can be expected to pause due to a concentration of demand. For Bitcoin, the current support level you're referring to is **$55,064**. ### If Support Fails - If Bitcoin's price falls below this support level, it may indicate weakness in the current uptrend. This could mean that selling pressure is outweighing buying interest at this price level. ### Next Potential Support Zones - **$53,000 to $49,000**: These are the next levels you mention as potential support zones. They are areas where the price might find support if it breaks below the current support level of $55,064. ### Why These Levels Matter 1. **Historical Price Action**: Past price movements often show that certain levels act as psychological barriers where buying or selling interest is strong. These levels can be used to gauge potential future price behavior. 2. **Technical Analysis**: Chart patterns and technical indicators often focus on these levels to predict future price movements. If Bitcoin drops below $55,064, technical analysts might look to these lower zones ($53,000 to $49,000) as potential areas where the price could stabilize or reverse. ### Why It Might Be Scary - **Volatility**: Bitcoin is known for its price volatility. Large price swings are common, and if it falls to these lower levels, it can lead to significant losses or increased market anxiety. - **Market Sentiment**: Falling below key support levels might trigger negative sentiment among traders and investors, leading to further selling pressure. ### Key Takeaways - **Monitoring**: It's essential to keep an eye on these support levels as they can give clues about potential price action. - **Risk Management**: Given the volatility, it's crucial to have a risk management strategy if you're trading or investing in Bitcoin. Disclaimer : Absolutely, this isn't financial advice. My explanations are intended to help you understand how support levels and potential price movements work in general terms. For any investment decisions, it's always best to do your own research and consult with a financial advisor to get advice tailored to your specific situation. Shortby Wolftrader13373
Btc / Usdt BITSTAMP:BTCUSD Certainly! Let's break down the situation: ### Current Price - **Bitcoin (BTC) is currently priced at $56,599.** ### Support Levels - **Support Level**: This is a price point where a downtrend can be expected to pause due to a concentration of demand. For Bitcoin, the current support level you're referring to is **$55,064**. ### If Support Fails - If Bitcoin's price falls below this support level, it may indicate weakness in the current uptrend. This could mean that selling pressure is outweighing buying interest at this price level. ### Next Potential Support Zones - **$53,000 to $49,000**: These are the next levels you mention as potential support zones. They are areas where the price might find support if it breaks below the current support level of $55,064. ### Why These Levels Matter 1. **Historical Price Action**: Past price movements often show that certain levels act as psychological barriers where buying or selling interest is strong. These levels can be used to gauge potential future price behavior. 2. **Technical Analysis**: Chart patterns and technical indicators often focus on these levels to predict future price movements. If Bitcoin drops below $55,064, technical analysts might look to these lower zones ($53,000 to $49,000) as potential areas where the price could stabilize or reverse. ### Why It Might Be Scary - **Volatility**: Bitcoin is known for its price volatility. Large price swings are common, and if it falls to these lower levels, it can lead to significant losses or increased market anxiety. - **Market Sentiment**: Falling below key support levels might trigger negative sentiment among traders and investors, leading to further selling pressure. ### Key Takeaways - **Monitoring**: It's essential to keep an eye on these support levels as they can give clues about potential price action. - **Risk Management**: Given the volatility, it's crucial to have a risk management strategy if you're trading or investing in Bitcoin. Disclaimer : Absolutely, this isn't financial advice. My explanations are intended to help you understand how support levels and potential price movements work in general terms. For any investment decisions, it's always best to do your own research and consult with a financial advisor to get advice tailored to your specific situation. Shortby Wolftrader13373
Uncertainty Bitcoin DirectionBTC is moving in downtrend channel in a bearish side correction we can buy by penetration the dotted trend line in the downtrend channel or when it rebound again to the channel line by Mohamed_Lewaa_CFTe2
BITCOIN HOPIUMWe are at peak validation on the expanded flat idea (pretty much the only remaining ultra bullish scenario). It isn't entirely invalidated, so the idea still exists. Wave 2 is starting to look pretty extended in time. Longby chase_IDR2
Bitcoin (BTC): Price Got Rejected / Sellers In Dominance!Bitcoin has found it's upper resistance zone, it seems, where prices got rejected and sellers took over the zone. As our small correction to upper zones seems to be finished now, we are looking to see that sellers will take over 2 next candlesticks. If all plays out nice as we planned here, we should see a good, sharp move to test Agani in that 50K zone. Swallow Team Shortby SwallowPremium2
$BTC Short-Term UpdateCRYPTOCAP:BTC #BTC $56,557 support regained and again testing it! Failed to follow thru on bullish engulfing on 4H, bearish engulfing forming on 1D, RSI on 1D and 4H also suggesting a dip shortly, $54,363 remains support in effect here which could be testing if bearish engulfing on 1D played out. $58,882 support needed to reattempt at $61,953. Shortby limitlessnash4
BTCUSD Bearish Bat PatternOn the 4-hour chart, BTCUSD encountered resistance after testing the previous supply zone, forming a bearish bat pattern in the short term. BTCUSD has a large downward trend in the short term. Before breaking around 58,000, maintain the trading idea of rebounding and shorting, and the downward target is 52,500-54,800 area.Shortby XTrendSpeed2
Check the trend According to the behavior of the price in the specified support ranges, the possible scenarios are specified. If the price crosses the support range, the downward trend is likely to continue.by STPFOREX1
BTCUSD LongsBuy Dips, Sell Rips. There is a strong correlation between money supply and crypto. Longby privatebillions1
BTC 11 sep TradeThis is a place where you can identify the possible movement in mentioned session. Entry activated only when a candle closes above or below the drawn level, And the next candle creates a wick down(for up movement) or up(for down movement) and breaks the candle high or low. When entry is activated SL will be below or above the 30 minute candle.by Ajo_madakassery6
BTC: Impulse or ImposterIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! I'm bullish on CRYPTOCAP:BTC on the 1-hour chart as long as price action continues to print higher lows and higher highs. The current Elliott wave structure still looks intact. A breakdown below 56122 would lean toward the Zigzag pattern being complete. However, if 56122 holds, there's a good chance we could see a move closer to 60K. Trade Safe, Trade Clarity.Longby CryptoKnee2
BTC Update Well we going to have another bearish month ( Sep) before big move just be ready peace :) by ma1373331
BTC Buy opportunityBTC has set a double bottom on a broken daily support level in the 1 hr time frame. We got a bounce and similar double bottom pattern on the 52k daily support level as well. As we get closer to the USA presidential election more and more volatility will enter the market. I like this level for a short term buy up to 60kLongby damondre941
Trading the Presidential Debate Investor focus is about to turn to the televised presidential debate between Donald Trump and Kamala Harris. With the race currently so tight, even a small post-debate shift in voter sentiment could impact key markets. Budget forecasters are grappling with constant changes, and Tuesday's Harris-Trump debate could introduce new ideas. What we currently know: Trump’s recent embrace of crypto, including plans to fire SEC Chair Gary Gensler and promote U.S. Bitcoin mining, could fuel volatility in digital currencies. Harris, though less vocal on crypto, supports policies fostering tech growth, but her stance remains less defined. Trump’s plan to slash the corporate tax rate to 15% could boost S&P 500 earnings, while Harris’s proposal to raise it to 28%, a move that may weigh on profits and valuations. The U.S. dollar could rise under Trump’s policies, with tariffs and increased fiscal spending driving inflation and higher interest rates. However, current estimates show Trump's agenda significantly increasing federal debt which may weigh on its long-term outlook. by BlackBull_Markets3