The cup and handle patternThe cup and handle pattern is being completed which, if correct, will rise to at least $100,000 and once corrected, the trend will continue.Longby city192
September 4 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. There is a Nasdaq indicator announcement at 11 o'clock. After coupling with Nasdaq, the candle's lower tail rebounded, and it is moving sideways in an ambiguous position. Based on the time zone wave, the 15-minute wave is in progress. The 15-minute candle support line has been touched, but the 15-minute candle resistance line has not been touched yet, and the rising pattern has been applied to Tether Dominance. In the case of Nasdaq and Bitcoin, it is falling strongly, and there is no place to go short except for a vertical decline, so I created today's strategy based on the possibility of shaking in both directions. * When the blue finger moves, it is a two-way neutral long->short->long switching strategy. 1. 56,195.5 dollars long position entry section / When the purple support line is completely broken or when the 2nd section is touched, the stop loss price 2. 57,444 dollars long position 1st target price -> Top 2nd target price Depending on the strength of the rebound, maintain the stop loss price adjustment to the Top or proceed with the short->long switching of the blue finger The final target price is the Top section, and when touched, I will connect the strategy after tomorrow. The 1st section at the top is the first short position operation section of the 30-minute chart resistance line. The 2nd section at the bottom is a place where a double bottom can occur, but in the case of Tether dominance moving in the opposite direction of the beat, the upward trend can be connected when the previous high is broken, so I do not particularly recommend it. There are a total of 2 support lines remaining from the Bottom at the bottom to the long-term downtrend, so please refer to it. Up to this point, I ask that you simply use my analysis for reference and use only. I hope that you operate safely with principle trading and stop loss prices. Thank you. by BitCoinGuideUpdated 4
Bitcoin (BTC): Pressure From Sellers Has Not Stopped!Bitcoin continues to show the pressure from sellers, where slowly but steadily we have been seeing lower lows form here where each bullish momentum has been suppressed so far. While price is moving slowly here, we are expecting some sudden movement to happen, which could be described as liquidity hunting! Swallow TeamShortby SwallowPremium8
Bitcoin forecast Hi traders; we have an Engulf above of chart ; it's market direction Longby Market_Magazine1
bitcoin fibonacci levels future predictions bitcoin continues to down trend if you got in short below 58188 look to take profits green candle close above 58188 buy take profits at 72ema 59888 if we can break fib channel then we are going to get above 61058 the 0.618 and start a new up trend 58578 the .078 is the Resistance we need to break above clean closeby dlafave260
BTC Can fall on 15minShort-Term Trades: Look for buying opportunities around the support level (56,940.8) but be cautious of the overall bearish trend. Long-Term Perspective: Given the downward trendline, it might be wise to wait for a clear breakout above the resistance level (59,134.5) before considering long-term positionShortby sc2shzshz338
(4 Stages) BTC Everyone Must know its in Declining phase!Trends of Markets Accumulation Phase: The "accumulation phase" is a term commonly used in finance and investing, referring to a period during which an individual or entity is actively building up their assets, investments, or savings. This phase typically involves regularly investing money, buying assets, or contributing to retirement accounts with the goal of growing one's wealth over time. Advancing Phase: The "advancing phase" typically refers to a period during which a stock or the overall market is experiencing upward momentum and increasing in value. Here’s a more detailed breakdown of how this phase might be characterized: Distribution Phase: : The "distribution phase" in the stock market refers to a period during which the market or individual stocks transition from a rising trend to a period of stagnation or decline. This phase typically follows a strong uptrend and precedes a downtrend or correction. Here's a breakdown of what characterizes the distribution phase: Declining Phase: The "declining phase" in stocks refers to a period during which stock prices or the overall market are experiencing a downward trend. This phase is characterized by decreasing prices, which can be influenced by various factors. Here’s a detailed look at what defines the declining phase I have outlined the market's stages above based on my perception that Bitcoin is currently trading in the distribution phase for the reasons listed below. Market may show signs of topping out. The growth that was prevalent in the preceding bull market starts to slow down. Market struggles to maintain upward momentum. Trading in range, and market starting Marking Lower high and Lower Lows. Bearish Divergence on Top. Mixed Sentiments of the investors. This is the Turning point of the BTC and have High probability that BTC can start declining. by limitissky770
BTCUSD GOING UPBTCUSD recently went to the 1D zone and made a market structure. Now, it went back down to our 4H zone and made a market structure on the strong FVG above our 4H zone in 1H timeframe. Although, its a high risk because it did not touch the zone yet but I am thinking that the price will not going to touch the zone anymore and will go up. This is just based on my own analysis. Trade at your own risk!Longby TraderSammy19981
BTCUSDTBTCUSDT made a potential inverse head and shoulders. Outlook also seems bearish as it has left more liquidations at 48k to 50k level. A small short squeeze can be seen before a final push down to 50k level, but its just an assumption. It can go direct to 50k without any squeeze to the upside. overall scenerio points out to the downside and can give a massive opportunity to load up alts before going back upwards. If 50k level is sustained then btc may be primed to make a new alll time high which can be a last exit from all assets in crypto. Everything is based on probability so play with managed risk to reward.Shortby TRADETITANWAQAS442
ADX — Or The 1-Minute Hack For Better Trading ResultsEvery trader dreams about that magic trick that delivers better trading results—this one little thing that miraculously turns their strategy into a bullet-proof winner, striking a 100% success rate. Unfortunately, this article doesn't provide that magic trick. If you are looking for it, you must continue searching (but remember to hit me up if you find it). However, this article provides a simple trick to improve your trading results. They won't hit a success rate of 100% but should definitely improve. The best part is that it is a super easy trick to implement or utilize within minutes. You may already expect what this trick is about: It's about a technical indicator. Drum-roll: Introducing the Average Directional Index (ADX). What Is The ADX About? I know it's boring, but let's do some theory first! It will help you understand the indicators and why using them will improve your trading results. The Average Directional Index (ADX) is an indicator used to measure the trend strength. The indicator was developed by J. Welles Wilder in 1978. Over the years, the ADX has become a reliable tool for traders looking to identify strong market trends. Here's the part you should understand: The power of the ADX lies in its ability to filter out noise. Subsequently, it provides a clear view of whether a market is trending or ranging. Here's How The ADX Helps To Achieve Better Trading Results Here's what I experienced when using the ADX in my trading strategies. 1—The ADX Helped Me To Understand Trends (Easily) The ADX has really simplified how I analyze trends by quantifying their strength. It's been a game changer for me, helping to gauge market momentum and enabling me to make more informed decisions. 2—Versatile Usage Especially recently, I trade different timeframes. In this context, the ADX fits into my diverse trading strategies. It's versatile across various markets and timeframes. 3—Making More Confident Decisions Incorporating the ADX into my trading approach has added a crucial layer of confirmation. This boost in confidence has significantly improved my decision-making process, making me feel more secure about the trades I place. By integrating the ADX into your trading strategy (we will discuss how to do that in a second), you can filter out "false alerts." In other words, you filter out trade signals unsupported or driven by a trending market. Ultimately, the number of entry signals you get is lower; however, the quality will be significantly better. How To Use The ADX? Integrating the ADX into your trading strategy is easier than easy. Here's how I use it: I always turn to the ADX for that extra assurance before making any trades. Therefore, in my trading strategy, an ADX value above 30 is my green light for a strong trend. Even reading around 25 catches my eye, signaling a trend building up and potentially worth my investment. Whenever the ADX is below 25, it's my cue to hit the brakes. It usually means the trend is weak or the market's just moving sideways. I've learned patience pays off here, waiting for clearer signs of a solid trend before jumping back in. Putting The 1-Minute Hack To Test Here's what you can do: Integrate the ADX into your trading strategy for at least a month. This period allows you enough time to see how the ADX can change your approach to identifying trade opportunities and avoiding potential pitfalls. Alternatively, you can backtest your strategies after including the ADX to check how they would have performed. Wrapping It Up The ADX is a powerful yet straightforward tool that can clarify trend strength, helping you make more confident trading decisions. By incorporating it into your trading strategy, you're not just adding another indicator but adopting a strategy for more precise, more informed trading. Give it a go, and you may find that the ADX becomes an indispensable part of your trading arsenal.Educationby ben_walther2
BTCUSD Potential Uptrend Line Breakout At $55,726.73 05.09.2024BTCUSD: Potential downside breakout from $55,726.73 on 4HR. Current price: $57,054.81. Breakout confirmation: Targets $54,266.78, $53,120.66 Breakout failure: Targets $59,942.84, $62,548.91 Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby Stuart_Cowell0
What's Good Bitcoin? Analysis, 5th SeptemberBitcoin — Short-Term Analysis Once again, I have to start the short-term analysis with "unfortunately." Unfortunately, Bitcoin did not show enough strength yesterday to create a higher high and break out of its descending channel. Descending channels typically suggest a continuation of the downward trend. In fact, it didn't even reach the upper resistance. Currently, Bitcoin trades slightly above 57k. As a result, the short-term outlook is slowly turning bearish, especially since Bitcoin is struggling to hold the 57.5k level. More than ever, Bitcoin must follow through on yesterday's bullish momentum, leave the downtrend channel, and make a higher high (>59.5k). Otherwise, a drop to a lower level (53k) becomes increasingly likely. Bitcoin — 1D Analysis The daily chart looks slightly better than the short-term outlook. Bitcoin printed a strong candle yesterday, driven by increased volume. Even more crucial, Bitcoin closed above the essential 57.5k level. However, as the chart shows, Bitcoin has struggled with this level for several days. From a broader view, nothing has changed and the long-term bull flag is still valid.by ben_walther4
Long BTCUSDBTC finds support at the recent accumulation zone, expecting to go up in its retracement.Longby InvisibleTraderXAE12110
BTC LONG BY WAQAR AHMEDBtc showing a long term bullish trend.it forms on daily time frame cup and handle pattern which shows continuation of bullish trend.We need confirmation on breakout of level mark on chart for an entry entry price 79000 stop loss 47350 take profit 1 132000 tp2 228000 tp3 384000Longby waqarAhmed120
BTCUSD Midweek UpdateJust chiming in, giving a nice reiteration of Price Action & what I see Price doing. Tune In!!!! _SnipeGoat_ _TheeCandleReadingGURU_ #Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #ScalperTrader #DayTrader #SwingTrader #PositionalTrader #MambaMentality #GodMode #HighLevelTraderLong08:26by TheeSnipeGoat2
Sandwich 9ma/20ma Monthly AGAIN ?! See previous !Look how beautifully that Bear Sandwich is unravelling on the Monthly Chart ??! Possibly some more chop before Armageddon Downtrend Just like 2022?! Shortby thetao_ofnow9923
Long trade Wed 4th Sept 24 Buyside trade Pair BTCUSDT NY Session PM 3.00 pm (NY time) Entry 57792.0 Profit level 59838.2 (3.70%) Stop level 57068.5 (1.10%) RR 3.37Longby davidjulien369220
5-Sep-24I was caught out by the volume gap yesterday, but I think this is a bull trap and we will rapidly reverse downwards. I then expect a drop to reach the demand zone at about 51K. I think this will result in a bullish reversal, which would likely form around the key level at 55K. Longer term view: Shortby ThousandDollarBitcoin3
Btcusd buySell pressure is easing, bullish market structure, breakout to the upside, strong bullish pressure, liquidity taken and created a higher low, confluence with all these things, reacting in an imbalance and support line, looking to put a buyLongby seanstone1224110
BTC REVERSALBTC could blow over 60k tonight following this trend, our team established a target around 59700/800, if it breaks 60k it is going through the roof to the sky.Longby edl75112
UpTrend LongGood day traders , i hope you have all been well. Lets get into it. This is an update to the BTCUSD setup i uploaded previously, As you can see on the chart above ,price just strongly rejected a very strong Support (48921.01-50709.12) and price continued to push upward and that gives us every reason to say it's safe to buy at all strong supports and that is why i believe price is most likely to buy at Support(55561.99-56628.44) as indicated in the picture above, it is up to you to get entries that accommodate your trading accounts. Thank you.Longby madanhileeroy0
BTCUSD H1Recent analysis suggests that Bitcoin is showing strong bullish signals at the moment. With increasing investor demand and declining volatility, the market seems to be preparing itself for new highs. As institutions move towards cryptocurrencies, Bitcoin could see a buying spree that supports the upside. Technical analysis supports this trend, as Bitcoin has broken key resistance levels. Traders should watch this move carefully to capitalize on the opportunities available.Longby Abdelmalak3
BTC update - Sep 4 2024#BTC followed previous analysis and dropped to 55,600 level but since the downward momentum has been weak and the previous 4H candle was a bullish engulfing of 57,130 low, BTC is most probably heading for 59,900 and then 61,100 zones so opening short positions is very risky. it's important to see BTC's reaction to 61,100 level as well !Longby AlgoBotTrading1