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BTCUSDT.5L trade ideas

Bitcoin (BTC/USDT) - End of 2024 - Daily Price ConsolidationBitcoin (BTC/USDT) price is currently in a short-term downtrend and consolidation pattern (end of December 2024). Bitcoin price needs to hold above $92,000 to $90,000 to avoid a daily bearish head-and-shoulders resistance price pattern. Support Levels to the downside currently are: $92000, $90000, $87610, $85000, $81000, $76000. Resistance levels to the upside currently are: $96500, $100000, $105000, $108000, $110000, $120000. Daily and Weekly price consolidation is ongoing, and Bitcoin is seeking to establish the next higher-low support price. Note: breaking news, corporate news, government law changes, stock market correlations, and crypto events can affect and override technical chart patterns. Date: 12/30/2024 pm
by NoFomoCharts
BTC - Bear Flag forming, 73k price projectionAfter hitting all time highs, BTC is forming a bear flag. If bear flag plays out and price breaks through 91,400 level then on the basis of the measured move of the flag pole, BTC is likely to test 73,000 which is a significant support zone on Daily timeframe. This is because before BTC pierced 73,000, this was a strong resistance zone. Also, since price broke out 73,000, it hasn't retraced back to this level. Furthermore, there is a fib retracement level of 38.2% at 71,500 so expect 73,000 - 71,500 to be strong support zone. Remember technicals are all probabilities, price could break 99,000 level (upper trendline of the bear flag channel) to test all time highs.
by I_M_Shoaib
BTCUSDT BEAR FLAG ON H4A bearish flag pattern on the BTCUSD H4 chart! Here are some key points to consider: Key Points 1. _Bearish Flag_: The pattern suggests a potential continuation of the downtrend. 2. _H4 Timeframe_: The 4-hour chart provides a good balance between short-term and medium-term analysis. 3. _Support and Resistance_: Identify nearby support and resistance levels to refine your analysis. 4. _Volume and Momentum_: Monitor trading volume and momentum indicators to confirm the trend. Trading Strategies 1. _Short Position_: Consider entering a short position if BTCUSD breaks below the lower line of the flag. 2. _Target_: Estimate the potential target by measuring the height of the flagpole and projecting it downward from the breakout point. 3. _Set Stop-Loss_: Place a stop-loss order above the upper line of the flag. Additional Tips 1. _Combine with Other Analysis_: Use the bearish flag analysis in conjunction with other technical and fundamental analysis tools. 2. _Monitor Market Sentiment_: Keep an eye on market sentiment and adjust your strategy accordingly. 3. _Risk Management_: Always prioritize risk management by setting stop-loss orders and limiting position sizes.
Short
by FXBELLA001
BTCUSDT.4HThe 4-hour chart for Bitcoin (BTC) against Tether (USDT) indicates a critical testing of support and resistance levels within a consolidating range after an uptrend, suggesting potential upcoming volatility. Price Action and Trend: Bitcoin's price demonstrates a period of consolidation after its recent upward trend, often indicative of market indecision. Currently, it oscillates between well-defined support and resistance levels, which are crucial for determining the next significant price movement. Key Technical Levels: Resistance Levels (R1, R2): R1: $104,220.96 - This is the nearest resistance level. A breakout above this could signal a continuation of the bullish trend. R2: $108,353.00 - A significant upper barrier that, if breached, could confirm a bullish market sentiment and higher price targets. Support Levels (S1, S2): S1: $88,758.79 - Immediate support level which is crucial to hold to maintain the bullish structure. S2: The ascending support trendline that has been supporting the uptrend since November. A breakdown below this line could shift market sentiment to bearish. Technical Indicators: MACD: The MACD line is above the signal line but showing a contraction in momentum as indicated by the histogram nearing zero, which could suggest a potential change in direction or continued consolidation. RSI: The RSI is near the mid-line, signifying neither overbought nor oversold conditions, contributing to the uncertainty and potential for either direction. Volume: Noticeable volume accompanies significant price changes, and an increase in trading volume will be crucial to validate any potential breakout or breakdown. Conclusion and Forecast: The consolidation pattern within the defined levels suggests that BTC is in a crucial decision phase. Market participants should monitor these levels closely for a breakout or breakdown. Trading Strategy: Bullish Scenario: A confirmed breakout above R1 with substantial volume could be a signal for traders to consider long positions, targeting R2. Bearish Scenario: Conversely, a break below S1, particularly if the trendline support also fails, could offer a short opportunity with targets set near lower support levels. Summary: The BTC/USDT pair on the 4-hour chart is at a juncture that could lead to a significant price movement. Traders should prepare for potential volatility and adjust their strategies based on confirmed movements beyond key technical levels.
Long
by MarsSignals
BTCUSDTCorrection confirmed by secondary moves. Primary uptrend intact. Market cleanse needed to continue upwards. Price is looking for fresh new "unleveraged" buyers. As long as there is excessive leverage; prices will not be sustained. Would love to see just the price to skyrocket from here, but you guys know how this is. Perhaps the newbies don't know how this is. Hardest part is to keep profits and not be greedy. If we are lucky this is will just skyrocket and invalidate all this. Hope this idea gets invalidated, but that is the least likely possibility. Best of best.
Long
by Robertus
btcusdt short conditional (stop sell)btcusdt short conditional (stop sell) 💎Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position ⛔️INSTRUCTIONS 1: Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss ⛔️INSTRUCTIONS 2: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20
Short
by RODDYTRADING
Bitcoin Dump to $90,000 soonI recently entered a scalp long targetting $95100. I also set a new limit order to short at $95150 Stop around $96100 area Aiming for 90k as the overall target, roughly 5.5R. Usually I prefer to enter my trades manually rather than set limit orders but the long tp might get hit tonight and the $95150 price i think is a good entry based on my analysis, the market will likely reject there or a bit before...besides its saturday, its not very probable to have a big pump to $96000 stop area from $94000, volume in general is lower in the nights and even lower overall on saturdays...in general. If tp 1 gets hit and am still up and limit order not filled I might enter at $96100 for the short instead of $96150 Technical wise, Price is high on weekly tf, printed a big bearish engulf candle covering previous 3 weeks and broke below major support in that area, theres nothing holding price up now. Structure is bearish on daily,4hr and 1hr tf, and is currently correcting to create the next potential lower high to continue down. Structural target would be 74k area but I don't think he bull run is over and when price is so far away from structure it tends to form a new higher support around a fib area. On the weekly tf that fib area am focusing on is the 38.2 retracement level which is around $89600. That is where my potential bottom target for this move is, i just round up to $90000. Monthly close is coming, yearly candle close is coming....so market likely to get more volatile than normal , I am bias to the downside. This might not be true but I think market is doing a bit of reset for the new year. Dump until end of year then start buying up again for the new year 2025 There is also some tether fud going around - Saying usdt will be removed for EURO dex exchanges if am not mistaken, I think thats big enough to use as a smokescreen to dump.
Short
by Filnft
1
Are we going to fill or tap the closest gap for Bitcoin?At the current price point, Bitcoin shows signs of consolidation On the daily chart, price has tested the 50-day moving average multiple times, suggesting this level around $93,147 is a key support. However, the recent bounce from this support has been weaker, indicating potential further downside or consolidation. On the 6-hour timeframe, price is trading below both m_rvwap and w_rvwap. If we fail to reclaim or we get rejected at 96k, higher chance we retest 87.3k to sweep those local lows. We have FVGs or imbalances below. The question is, are we going to fill or tap the closest gap at 81.7k? The FVG is often seen as a price zone where the market has not fully absorbed all the information, leading to abrupt price changes. Given the current technical setup, there's a possibility that BTC might revisit or "fill" this gap, especially if the market continues to show bearish signals or if the current consolidation leads to a deeper correction. However, filling an FVG is not guaranteed and depends heavily on market dynamics at the time. The current analysis suggests a cautious short-term outlook with a potential for testing lower levels due to the observed bearish signals. The 81.7k level, could indeed act as a magnet for price action due to historical significance or technical confluence. However, whether BTC will "tap" this level depends on broader market sentiment, incoming news, and the reaction to key support level at 93.6k.
by Tealstreet
BTC/USDT - 4H Analysis: Long BiasHello traders! 📈 The current BTC/USDT chart is aligning well with a bullish setup, supporting my long bias. Here's the breakdown: 1️⃣ Market Structure: We've observed a Break of Structure (BOS) after a mitigation of sell-side liquidity. A bullish Fair Value Gap (FVG) has formed, which could act as a magnet for price as momentum builds. 2️⃣ Liquidity: Buy-side liquidity zones above $98,500 and $106,000 are key targets for this move. 3️⃣ EMA Compression: EMAs are compressing, signaling a potential momentum shift to the upside. A clean break above $95,000 would confirm bullish continuation. 4️⃣ Trade Setup: Entry Zone: $93,000 - $94,000, near current support levels. Stop Loss: Below $92,300, protecting against invalidation of the long bias. Targets: First TP at $98,500, where intermediate liquidity resides. Second TP at $106,000, aligning with higher timeframe objectives. 🎯 Key Notes: Watch for price reaction around $98,500. If momentum sustains, holding for $106,000 is a possibility. Manage risk wisely and stick to your plan. This trade offers a strong risk-to-reward ratio. Let me know how you're trading this in the comments. Happy trading and stay green! 💚🚀
Long
by origami_capital33
2
BTC - an ideaI believe BTC is in one of the last wave 4's of this cycle right now. It impulsed down from the high of 17 Dec to bottom 20 Dec. Following that impulse it's been in a choppy sideways ABC/flat correction presently running in a downward channel finishing an ABCDE to approximately 91-92K ish probably in the next few days. That would complete the B wave of the larger ABC where it will rise back up to resistance area of around 99k ish approaching but not getting to the red meridian line of the daily pitchfork. Then in the last leg of the flat it'll impulse down to the 1 to 1 ratio of around 84.3k. As of now the daily RSI does not look like it's created a defined bottom or a divergence of any kind so a move like this could do so confirming a bottom. That'll complete the wave 4 and from there it's off to the races in a wave 5 to 130-150k before next wave 4 kicks. My thoughts, not financial advice Oklah. Cheers Happy New Years to you all.
by wildboar8
BTC wait for pullback , not worth buying above 90k ...1. after previous high of 69000, we seen sharp down side from there btc recovered and formed a pattern 2. cup and handle or rounding bottom, after current breakout i found some interesting key points after a impulse move the short term target is calculated based on the handle and which was approx 50 % on the other hand the current breakout already has scored 55% from this neck line breakout 3. volume and fair price - if we consider 4nov weekly candle as breakout candle from that low to recent high, i projected the FIXED VOLUME PROFILE and found that 84280 and 82350 and second 79000 and 77350 can be the support zone or fvg or mean reversion zone which is also getting another confirmation with my 50dema in this scenario going back to basic if we have a sharp up side we cant expect the price to go vertically and market being dynamic 11-15% correction can be healthy pullback and good price to accumulate btc
Long
by Jimmy_Rebello