BTCUSD = SELLI think it falls in 15 minutes . Because he could not break the level of 55220 he has to rest a little. It will be down in 15 minutes for nowShortby sepahramgh2
Sept 8, weeks overview. BTC brakes important support. Overview: U.S. futures ( CME_MINI:ES1! and CME_MINI:NQ1! ) performed well during late Sunday hours, signaling a potential green candle for stocks and alternative assets. However, COINBASE:BTCUSD closed the past week with a red candle, failing to hold the critical $55.9k level. A new trading range has emerged between $52.2k and $55.9k. Over the weekend, no significant news impacted the markets, allowing crypto to recover by 5%. As predicted in our previous letter: "Short-term rebound during the weekend, followed by a continued drop next week." The upper boundary remains at $55.9k. W: The week closed lower than any other week this bull cycle. Bearish. D: Formed a MACD bullish divergence. Bullish. 4h: Trading above the BB MA. Can BTC hold the $54.88k level and avoid a bull trap? 1h: Range trading. Alts relative to BTC: No significant divergence. Bull case: The $ 54k price level could be the bottom. Since it hasn’t been pierced, we may see consolidation here for a while. Bear case: $ 43.8k is the next target, which has stronger support than $52.2k. Fear and Greed Index: 40.56 – an increase from our previous post, which recorded a very low index of 25.88. Prediction: Short-term price action is uncertain.by EvgenCapital2
Possibility of correction It is expected that after some fluctuation and rise, a trend change will be formed and the downward trend will continue. If the price crosses the level of 78.6%, the continuation of the upward trend is likely Shortby STPFOREX2
#btc #btcusd #Bitcoin #Elliottwave buy setupThis count is based on my assumptions so anything can happen not a trading or financial advice.Longby alibadshah881
Bitcoin has a strong bearish momentum, could it drop further?The price is rising towards the pivot and could drop to the pullback support. Pivot: 56,076.51 1st Support: 51,311.00 1st Resistance: 57,315.18 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets1116
Bitcoin ATH I think that we can reach a 1.13 or 127.2 Fibb in this cycle and then bear market will start. I think that because we diminished returns from cycle to cycle more and more. Let's see this!Longby teskagod5
#202437 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well. tl;dr bitcoin: The drawn bull gap is now tested the third time in 2 months and at some point it will break but betting on breakouts in trading ranges is a losing strategy. R:R is on the bull side until bears get a daily close below 52400. Also a clear bear trend line, so look for weakness if we get a pullback to it. Quote from last week: comment: Second atrocious outlook in a row. Will do my best to not make it a third one. Staying away from this for now. Last week we closed at the highs, which was a breakout and past week we are on our way closing at the lows and even went below last weeks low. Market has absolutely no idea where it wants to go. Erratic price action with a absolutely flat weekly ema. 56000 - 64000 is a dead zone to me. comment: Bears finally broke below the erratic zone and we are back below 55000. So far, every time we got here, bulls refused to let the market get a daily close below 53900 and as of now it’s still the case. That means that bulls are defending the bull gap to 52400 with passion and until that changes, we are at the lows of the trading range that has been going on for 7 months now. Market is technically making lower highs and lower lows, so we are in a bear trend but it’s weak. Selling below 55000 was a bad trade so far and there is no reason to expect it to be different this time. current market cycle: trading range key levels: 49000 - 60000 bull case: Bulls who bought 55000 on the previous 2 tries made money and I expect them to continue to do so. If we have a daily close below 52400, many bulls will probably give up on that notion but for now it’s support. Bulls need to get back above the daily ema above 58000. Invalidation is a daily close below 52400. bear case: Bears printed big consecutive bear bars below 57000 and want a retest of 49111. They desperately need a daily close below the bull gap to close it. We are currently in a very broad bear channel and a smaller one for 2 weeks. Bears are in control as long as they stay inside the smaller bear channel and below 57000. Invalidation is above 57000. outlook last week: short term: Neutral and not touching this until a clear strong breakout with follow through. → Last Sunday we traded around 58600 and now we are at 54300. Market continued to be neutral on Monday and Tuesday, so outlook last Sunday was good. short term: Neutral. Market is flat since late Friday. I want to short this but only near the bear channel line and below 57000. medium-long term: If bears can close the bull gap for good, we could see 40000 this year. If not, more likely we will see 65000+ again. current swing trade: None chart update: Added currently valid bear trend lines, the bear channel and a potential 5-wave series. by priceactiontds1
Massive Cup and Handle for BTC 1W ChartPatterns that form on longer timeframes can have greater significance for determining where the market is moving to over time. On the weekly chart, a massive cup and handle formation can clearly be seen with a possible breakout late 2024. The outcome of the US election on Nov 4 2024 will likely have a major bearing on market strength and sentiment. A Trump win is extremely Bullish for BTC and Crypto. A Harris win brings much greater uncertainty. Whoever wins on 4 Nov, one thing is certain - global payments and investment assets as we know are rapidly changing. Bitcoin is quickly becoming THE global store of value and blockchain is provide better, faster and lower cost payment systems (PYUSD, new Blockchain based Mastercard in Europe, Russia trading with crypto). The long-term trend is definitely up!Longby timfromdownunder6
BITCOIN Is Going Down! Short! Here is our detailed technical review for BITCOIN. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 53,841. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 50,820 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider113
Btc /Usdt COINBASE:BTCUSD ### Current Analysis - **Current Price: $54,400** - You’re observing that Bitcoin’s price is currently at $54,400. ### Potential Price Movement - **Resistance Zone: $55,000 to $56,000** - You’ve noted that if BTC is rejected from the resistance zone between $55,000 and $56,000, it might experience a significant decline. This could be a crucial area where selling pressure might increase, causing the price to drop. - **Next Resistance Level: $57,764** - If BTC manages to rise above the $55,000 to $56,000 resistance, the next significant resistance level you’re watching is $57,764. This is another potential point where the price might face increased selling pressure. ### Potential Support Zones - **Support Levels: $52,000 to $48,000** - If Bitcoin fails to hold above the current resistance levels and starts to decline, you’ve identified the next support zones at $52,000 to $48,000. These are levels where buying interest might re-emerge and help stabilize the price. ### Key Influencing Factors 1. **Geopolitical Events and Major News:** - **War, Big Players Selling, Institutional Activity, Elections:** - Significant events like geopolitical tensions, major players selling their holdings, changes in institutional investment, or election outcomes can impact Bitcoin’s price. These events could either contribute to increased volatility or drive price movements based on market reactions. 2. **Economic Factors:** - **Federal Reserve Rate Cuts, Inflation:** - Actions by the Federal Reserve, such as rate cuts, and economic factors like inflation can influence Bitcoin’s price. Lower interest rates or higher inflation might lead to increased interest in cryptocurrencies as an alternative investment. 3. **Market Sentiment:** - **Sentiment and Economic Outlook:** - Broader market sentiment, including fears of economic downturns or changes in investor behavior, can affect Bitcoin’s price. 4. **Volatility and Market Trends:** - **Possible Upcoming Volatility:** - You’re suggesting that there might be significant price movements ("explode soon") in the upcoming months. High volatility can lead to rapid price changes, which could result in either substantial gains or losses. ### Summary - **Resistance Levels**: If BTC is rejected at $55,000 to $56,000, it might drop towards support zones at $52,000 to $48,000. - **Resistance Zone**: $57,764 is another key resistance level to watch. - **Influencing Factors**: Key factors like geopolitical events, economic conditions, and market sentiment can significantly impact Bitcoin’s price and its ability to reach new all-time highs. ### Important Reminder - **Not Financial Advice**: This analysis is purely informational and not financial advice. The cryptocurrency market is highly volatile and influenced by many factors. Always do your own research and consider consulting financial professionals before making any investment decisions. Feel free to ask if you have any more questions or need further analysis!Shortby Wolftrader13374
BTC Long-Term IdeaFirst of all, what I want to mention is that there is a linear structure at the top of the price view and a parabolic sloping structure at the bottom. This situation alone suggests that the structure has been progressing similarly to the 10-month movement from June 2019 to March 2020 since March 2024. Looking at the current price, I believe the diamond formation will push the price to $44K for now, and in response, it will head towards the blue parabolic zone that has been forming under the candles for months. After bouncing from the parabolic zone, I believe the price will advance towards the linear uptrend zone, where I think the rejection has not yet been completed. It was last rejected from this uptrend line at $70K. If the price moves there now, it would form a higher high after $65K. This line touch points to $76K. Psychological Perspective I believe a price that forms a higher high and shows a new ATH (all-time high) will convince investors enough of a continued uptrend. Afterward, it will experience one last deeper decline, touching the blue parabolic slope one last time at $34K - GETTEX:36K , and the real momentum will begin with this move and majority will be eleminated with this move probably. So, the sequence of lows and highs I foresee is: $44K > $76K > $34K ( in few months)by huecoshunter112
M11SWING TRADE ON BTCUSD Price is presently going to an order block in the lowest discount zone which is inside the respected order block.............. i expect price to rally up from the order block Longby Mudlegacy224
SELL BITCOINBitcoin correction to the downside is still not being done on the daily and weekly timeframes. Next target is to the lower of the uptrend channel at area 39k - 40k before the next big up movement.Shortby WaelHaz5
BTC SHORBtc has shown major bearish PA, we can expect price to fall some 100’s pips with Lower lows and lower highs, I suggest to use proper risk management as btc can be volatile my stops would be adjusted. Shortby fxdonno2
BTC SHORT IDEABTC price action has been in a bearish trend for weeks now, and we have been speculating a trend reversal for some time, we thought the NpF news on Friday would help but the bears still took control of the market, so until we spot a good and clear trend reversal setup we're still Bearish. Currently BTC is forming a bearish flag pattern on 1HTF just above our strong Support zone, if price breaks down the support then the 49k zone is where we have the next strong support as I've shown in the price range I drew, from my 4HTF technical Analysis we're expected to reach 49k in the coming days or weeks. But I still need further confirmations before taking that setup, thats why I set the Tp on the 52k support. Also I have a Bullish perspective on BTC too which isn't yet conclusive. So ill be watching closely and dropping updates here in the coming days on further Direction.Shortby THE_KLASSIC_TRADER1
BTCUSD: Long Trading Opportunity BTCUSD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long BTCUSD Entry - 54224 Sl - 52560 Tp - 57453 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals114
BTCUSDprice moving up after completing a correction ABC which is expanding flat. i expect impulse move of wave 3 to the upside to 76k zone cause it already reject 78.6 fibo level which is a deep correction Longby PAFG228
Is bitcoin priming for 6 digit prices? This bullrun came out of nowhere and also did not give us the deep correction that we've come to expect from the previous bull/bear cycles. In fact, bitcoin managed to correct and accumulate inside the indicated range for an extended period, which is quite a feat considering the price per unit. This brings me to the conclusion that the correction is possibly over and bitcoin is ready to test ATH again. Also since the previous bear cycle was extended for a longer period (than what we know from history), it doesn't make sense to start another bear cycle right now. This reduces the probability for lower prices. What's even more strange and adds weight to the theory is that, it looks like (based on certain indicators) the next bull run has already begun!! BUT!! Bitcoin's strange MO is to always paint a green future ahead, just before dumping real hard. So take this one with a grain of salt. Confirmation to look for: The weekend is bullish and closes as indicated on the chart. Trade will activate on confirmation! Disclaimer: These are not trading signals. Trade at your own risk!Longby TulpenFieber228
BTCUSD: Strong Bearish Bias! Sell! Welcome to our daily BTCUSD prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 53.686 Wish you good luck in trading to you all!Shortby XauusdGoldForexSignals115
Selling BTCUSD from this zoneWaiting to see how price reacts here, closes above this entry possible bullish momentum. Closes below I'm entering shorts.Shortby PassivePips2
Bitcoin incoming moves HELLO FRIENDS as I can see BTC is not retracing and trading under a stronger support which is now working as a resistance 60k$ Have a look on upper trend line show a HL and LL incoming week NFP data which can give once more dip and it's a Golden buying zone for many who missed the pervious rally for a new ATH Bull run Friends drawn chart is easy to read it's just a analysis on based of technical levels Share ur thoughts with us we appreciate ur love and support it help many other traders Friends Stay Tuned for more updates ......Longby APEX_TRADING_ACADMEYUpdated 4
Just a consolidation or a downtrend ? Since hitting an all time high in March, Bitcoin has been consolidating within a downtrend channel. the Price is currently oscillating between the 23.60% ($60’000 area), currently acting as resistance, and the 38.20% ($51’500 area), currently acting as resistance. The MACD is confirming that further downside potential appears technically viable, notwithstanding the expected interim rallies, until the price is able to break out of its down-trending channel. by ChartsAvenue331
BTC Possible Reversal - Bitcoin Latest Head & Shoulder After upward trend, we found divergence by continuing reversal pattern Head & Should. there is strong possibility for reversal for Head & Shoulder. Safe Entry is after Neck break and reversal confirmation candle. Note: Trade on your own risk. this is just a analysis. by haad456222