Get started

BTC3LUSDT SPOT

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

BTCUSDT.3L trade ideas

Bitcoin Bounce Setup at $69K Support Decision : Open Long Chart Analysis : The daily chart shows that Bitcoin rejected off resistance near the $73,000 level and has pulled back to test key support around $69,000, which is aligned with the ascending trendline from recent lows. The 4-hour chart reveals that the RSI(4H) is going to oversold territory at 38.90, indicating potential for a bounce. Price is finding support at the lower boundary of the ascending wedge pattern. Given the current technical structure, this pullback could provide a buying opportunity within the overall bullish trend. News Impact : No significant bearish news surrounding Bitcoin itself has been reported. General crypto-related news remains neutral to positive, with recent partnerships and developments sustaining long-term bullish sentiment. A recent Bitcoin hosting deal by Bitfarms with Stronghold also supports positive infrastructure developments but has not significantly impacted immediate price action. Market Sentiment: The Crypto Fear and Greed Index is at 75, indicating 'Greed,' though not 'Extreme Greed,' suggesting elevated bullish sentiment. TradingView user sentiment is mixed, though multiple analysis ideas suggest a potential bounce from the $69,000 area, which is also identified as key support by several analysts in their ideas, further supporting the case for a potential rebound in the short term. Conclusion: Given that support around the $69,000 mark holds, and the oversold RSI(4H) provides a potential bounce point in line with the macro bullish trend, initiating a long position here is reasonable. If price breaks below the current ascending trendline, further downside to $66,600 is possible, but with the current support holding, a fresh long position with a stop below $68,500 allows for a calculated entry. Confidence Score: 0.77 Note: This analysis was written by ChatGPT.
Long
by AI_Trader_Mina
Update on the Moon Strategybitcoin CRYPTO:BTCUSD INDEX:BTCUSD CME:BTC1! daily chart: buying above the high of prior days bar on new or full moon and holding till next new new moon is somehow still a profitable strategy. on the 15 min chart the time base entry on 2 am UTC+1 time (long on any day execpt tuesday / wednesday) and exit on 10 pm is also still profitable. other cycle entry methods like market cipher where you need to know on which specific RSI level you need to enter work only for a short period of time Infinity algo on Heikin Ashi Charts looks like your always winning but in range bound market phases stop outs eat all the profits. conclusion: implement the timing element in any trading strategy its a proofen fact hat time patterns repeat and will enhance you price pattern precision.
Long
by responsibletrad8r
BTC expectation (1W 1D 1H) (Support & Resistance, Trend) In my previous post on BTC, I viewed the current downtrend as a temporary pullback before the USD presidential election. We now have limited time left before the election and the upcoming week is going to be very important. Although the election takes place on the 4th, results may take several days, with the vote-counting pace varying state to state. This might lead to significant volatility during this period. I do technical analysis but I also respect the fundamental analysis - we cannot overlook events like the election outcome. ✔ The price remains above the resistance line of the weekly downtrend, giving us expectation of a continued uptrend. ✔ In the hourly chart, I expected the pullback to reach as low as 67.3k where the purple arrow points. The pullback was not as aggressive as it could've been so we unfortunately missed that opportunity. 69.3k line has been resilient for the last few days but eventually failed to hold the pullback longer. The price is currently in the 68 - 69k zone which is crucial. 💡 I think there are 5 scenarios we can expect: 1. The price may move up again from here with 68 - 69k zone acting as a support zone. The aggressive dip did stop as soon as it reached 68k. However, I find this approach risky because it's just an assumption based on the zone - price does not always respect key zones & levels. While more price actions in the past indicate the higher chances it might, but it is never a guarantee. (If it was, we would all be a billionaire.) We should always react rather than predict and only trade when we see a confirmation. And even then, there's always a chance of still being wrong. 2. The price may dip further down to 67.2 - 67.3k, which in my opinion, is much more reliable level than 68 - 69k. This level aligns with the resistance line of the weekly downtrend. If we can confirm a reversal here, I think it would make a great sign of a bull run. If it does not, however, probability of an uptrend drops significantly. 3. The price may react around 67.3k (if it ever reaches it), but might end up continue dropping to 65.3k. While a reversal here could be a good entry opportunity, it would be less reliable than the previous one. 4. This is our last chance to hope for a reversal. If we confirm a reversal in 63.1k, we might enter for LONG. However, if the price ever drops to this level, I wouldn't put much hope. 5. This is the last scenario - unlike the above four, this one is scenario of BTC failing to keep up the uptrend and switching back to the downtrend. If the price reaches below the last trendline, likelihood of it reversing becomes very low. ✔ Conclusion So what is the best scenario among the five for us? In my opinion, it is scenario 2 because it proves that the resistance line of the weekly downtrend now acts as a support. This trend line is more important than any other lines in the chart. If the price falls below this line, our chance of seeing an uptrend becomes lower. I am not saying it becomes impossible because there's never a 100% guarantee in this market - but the chances are so low and risks are too high that I wouldn't bet on it as a disciplined trader. We should always stay disciplined and manage risks. Few successful gambles may give you a temporal gain, but will eventually drag you down in long term. Avoid making assumptions based on key levels - they aren't respected every time. Always trade after confirming the reversal because we never know what happens. React, not predict.
Long
by QJEEE
BTC MULTI CONFLUENCE AREA WITH LIQUIDITY SWEEPWe have had a beautiful run and we should not doubt its strength. With a clear shift in market structure we should be looking for longs. Obviously there are some "too easy" areas above what I here identify but thats why I am only scalping those areas. My main focus would be this area which I have highlighted. It contains many special levels that I believe will note the last bottom for Bitcoin and probably most alts before its ascent into the final and largest leg of the bull run. I will be looking for bullish divergences across 4 hr, 1 hr , 30 min time frames to confirm this massive trade.
Long
by ifixithandyman
BTCUSDT 1. General Trend • The general trend on this 4-hour BTC/USDT chart appears bullish. The price has been making higher highs and higher lows, indicating strong upward momentum. • The recent pullback may be a minor retracement, as the price is still above the major EMA lines, showing that buyers are still in control of the market. 2. Indicator Analysis • EMAs (10, 50, and 200): The price is currently above all three EMAs. The EMA 10 (short-term trend) is above the EMA 50, and both are above the EMA 200, which generally signals a strong uptrend. This alignment is considered a “bullish EMA stack” and is a positive sign for buyers. • SQZMOM (Squeeze Momentum Indicator): The SQZMOM indicator shows green bars, which confirms the bullish momentum. However, recent green bars are lighter, indicating a potential decrease in momentum. Traders should be cautious, as this could signal either a consolidation phase or a potential reversal. 3. Chart Pattern • There seems to be an upward channel forming, where the price is following an ascending support line and testing resistance on the upper side. • A potential breakout above the recent highs could lead to a continuation of the bullish trend. 4. Candlestick Pattern • The latest candlestick shows some bearish pressure at the peak, suggesting that sellers are pushing back. This candlestick could signify a minor pullback, but unless further bearish patterns appear, it may not indicate a full reversal. • Look for a bullish engulfing pattern or another strong bullish candlestick to confirm the continuation of the uptrend. 5. Fundamental Data and Impact • Recent Market Fundamentals: Bitcoin prices are often influenced by news around interest rate decisions, economic data, regulatory developments, and adoption trends. • Latest News Impact: According to recent market updates, factors like anticipated Bitcoin ETF approvals, central bank monetary policy, and institutional interest in Bitcoin have contributed to a bullish sentiment in the market. As always, keeping an eye on current economic data and crypto-related regulatory news is crucial, as any unexpected changes could affect Bitcoin’s price trajectory. 6. Future Market Prediction and Potential Trade Setup Prediction: • Bullish Scenario: If BTC/USDT can maintain support above the 50 EMA, we may see a continuation toward previous highs near 71,000 and potentially higher. A breakout above this level could open up targets near 73,000 or 75,000. • Bearish Scenario: If BTC falls below the 50 EMA, a reversal may be underway, with the next support level near the 200 EMA or around 66,000. Trade Setup: Entry: • Consider entering a long (buy) position if the price bounces off the EMA 50 or shows a bullish pattern near 69,500 to 69,700. Alternatively, enter on a confirmed breakout above the recent high (around 71,000) with strong volume. Stop-Loss (SL): • Place the stop-loss around 67,500, slightly below the EMA 50, to protect against a sudden downward move. Take-Profit (TP): 1. TP1: Around 71,000 (previous high). 2. TP2: Around 73,000 (next resistance zone). 3. TP3: Around 75,000 (if bullish momentum is strong). Risk Management: Ensure risk-to-reward is at least 1:2 or 1:3 for optimal trade setup. Monitor closely for any bearish reversal patterns or changes in fundamental news, which could impact the trade. Summary In summary, the current BTC/USDT trend remains bullish, supported by technical indicators and EMA alignment. Entry near support or a breakout confirmation could provide good trade opportunities, with a cautious stop-loss and structured take-profit targets. As always, stay updated with fundamental news for any major shifts in sentiment.
Long
by azizy73