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BTCUSDT.5L trade ideas

BTC- MONTHLY. BE CAREFUL December the 17th I sent out a warning when BTC was $106,549. So far it’s playing out like it should. Always look at both sides of the coin. We are looking at a possibility of a 20% to 25% more downside to that 70k to 75k area for a bounce. This is not something that will happen over night. It will take a little time. Big thing to keep an eye on is how this monthly candle closes. If it closes leaving this large wick at the top it shows us that the sellers have over powered the buyers and a reverse down to those levels is likely. Be patient, no emotions. This isn’t a game it’s a serious business. Happy trading and good luck.
Short
by Thetraderedge
An other plan SHORT more for BTCUSD on H1 TF - continue FL break*Notice: It is Xmas and NewYear holiday so that the Market is very slow and low volume. ( reduce volume on your trading position ) About this Plan today: I saw a downtrend structure clearly on H1 timeframe I saw a confirmation Downtrend on Time Frame H1 (60) I saw a Break Sell - continue FollowTrend signal ==> Let's make a Plan for SHORT SELL BTC today Entry zone: 97500 - 98100 Stoploss: 99800 (and then trailing stoploss follow the SL-line) *These are expected targets. Target 1: 92000 Target 2: 86000 Target 3: 82000
Short
by KenvinZone
DAY 7 - Daily BTC UpdateThe Holidays have slowed the markets - for now. I've introduced a third potential scenario for Bitcoin (BTC), which is bearish and might see the price retesting the DAILY 100 Moving Average near $80K. Although this scenario seems less probable given the current market sentiment, where large corporations and businesses are actively accumulating, it's crucial to consider all possible outcomes to avoid the pitfalls of an "up-only" mindset prevalent in bullish markets. Remember, corrections are healthy and contribute to the robustness of the overall market pattern. After yesterday's positive momentum shift, we've again seen a lull in the market and increased sell pressure as the US gears up for tax season. The recent price movements in Bitcoin indicate an adjustment to overbought conditions following the election, with technical indicators suggesting a continuation of the bearish trend in the short term unless there's a significant influx of buying support. Keep an eye on these developments, as they could dictate the next moves in Bitcoin's price trajectory. Trading Tip: As we have no confirmed direction currently - One effective strategy during volatile periods like this can be the "Dollar-Cost Averaging (DCA)" approach. Instead of trying to time the market, you regularly invest a fixed dollar amount, regardless of the asset's price. This method reduces the impact of volatility by spreading out the purchase price over time. For Bitcoin's current scenario: Set a regular schedule: Decide to buy a fixed amount of Bitcoin weekly or monthly. Stay disciplined: Avoid investing more when prices seem low or less when they're high. Consistency is key. Long-term perspective: DCA works best if you hold for the long term. It allows you to benefit from the average price over time rather than trying to predict short-term movements. This approach can mitigate the risk of entering the market at peak prices and can lead to purchasing more units when prices are low, potentially lowering your average cost per Bitcoin over time. Remember, while DCA can smooth out the volatility, it does not guarantee profits and should be part of a broader investment strategy considering your risk tolerance and financial situation! Thanks for following the 7 Days of BTC updates, and if you want these Daily - links are in my Bio :)
by LisaNEdwards
1
BTC - Will Bitcoin Hold or Fold?Bitcoin has enjoyed a bullish 2024, reaching an all-time high (ATH) of 108K. However, the recent price action indicates a shift in momentum, with the market entering a phase of consolidation and correction. For the past 40 days, BTC has ranged between 90K and 108K, with the critical psychological level of 100K now acting as resistance. The structure of an ABC corrective pattern following a 5-wave downward impulse suggests the market is transitioning into a short-term bearish phase. Key Levels and Patterns: 1.) Head and Shoulders Pattern: A bearish Head and Shoulders pattern has formed, with 90K serving as the neckline. Once 90K is broken with significant volume, it will confirm the pattern, potentially accelerating the move downward. The target for this pattern aligns closely with the previously identified support zone at 84K–80K. 2.) Resistance at 100K: The psychological barrier of 100K has flipped to resistance, making it a critical level for bulls to reclaim. A sustained break above 100K with strong volume would indicate a possible trend reversal. 3.) Support Zone (84K to 80K): Multiple confluences align between 84K and 80K: Fibonacci Retracement (0.618): The 0.618 retracement level from the recent impulse low to the ATH is at $82,694.88. Trend-Based Fibonacci Extension: The 1:1 extension of the ABC correction points to 84K. Anchored VWAP: Calculated from the significant low at 52.5K, the anchored VWAP aligns near 81K. Fibonacci Speed Fan: The 0.618 speed fan from 52.5K to the ATH intersects around 80K, reinforcing this support zone. 4.) Liquidity Below 90K: The current range-bound movement has likely trapped many long positions above 100K, creating significant liquidity below 90K. A breakdown below 90K could trigger a liquidity sweep, driving prices rapidly toward the support zone at 84K–80K. Current Market Dynamics: Volume Analysis: Decreasing volume within the range highlights weakening bullish momentum. Confirmation of support at lower levels will require a substantial increase in buying volume. Bearish Momentum: The head and shoulders pattern, coupled with the ABC correction, signals bearish momentum that may persist into early to mid-January 2025. Neckline Support at 90K: A break below 90K would confirm the head and shoulders pattern, acting as a catalyst for further downside. Next Steps and Outlook: Short-Term Bearish Bias: Bitcoin is expected to continue its downward correction, with the head and shoulders neckline at 90K serving as a key pivot point. A confirmed break would likely drive BTC to the 84K–80K support zone. Long Opportunity at Support: Should BTC reach the identified support zone, it presents a high-probability long setup. Entry should be contingent on confirmation through: Increased buying volume. Bullish candlestick patterns (e.g., hammer, engulfing). Alignment with key moving averages and other technical indicators. Mid-Term Recovery Potential: After the correction, Bitcoin may resume its bullish trajectory. Key factors to monitor include: Reclaiming 100K as support. Overall market sentiment and macroeconomic conditions.
Short
by SiDec
Bitcoin to $120,000 or $75,000?The chart was created by identifying the true support and resistance levels for Bitcoin since October 2023. There are several strategies to profit between support and resistance. Let’s move to the price analysis and see what awaits us in the coming days. According to the Volume Profile. There are important price levels on the chart, and the current price is close to the support line. We also have a strong support line at 92,576 - 90,510. However, there is a large negative price gap known as (BlackHole). When the price enters this gap, it will be pulled to the price of 76,869 without mercy. Now we are at an important price, and it is likely that a new peak in Bitcoin will be reached at 120,000 - 130,000. Trading markets carry significant risks, and this is not financial advice but a technical analysis. We will see its results in the coming days. #To_The_Moon Everything mentioned above will only come to pass In sha Allah.
by lionxruthless
Bitcoin (BTC): Sellers Showing DominanceBitcoin has been rejected again from the uppe resistance zone, where sellers showed the dominance of this zone. Buyers have been struggling to get back control over the $100,000 zone, where we expect to see a possible quick liquidity hinting to happen to both sides here, where at the end we should see a steep move to lower zones, which could lead to a final correction before a greater movement on the markets!! We wait for sellers to take dominance near $93-94K so for now we just wait! Swallow Team
Short
by SwallowAcademy
Bitcoin Analysis==>>Bears' Turn for Selling Pressure!!!As I expected , Bitcoin ( BINANCE:BTCUSDT ) rose to the Resistance zone($100,000-$98,130) , the lower line of the ascending channel and 100_EMA(4H TF) . According to Elliott's wave theory , Bitcoin is completing wave 4 . The structure of wave 4 is Double Three Correction(WXY) . Also, the Volume of candles that brought Bitcoin up to the Resistance zone($100,000-$98,130) is not significant for me. I expect Bitcoin to at least fall to the Support zone($95,890-$95,540) . And if the support zone breaks, we can expect another attack on the Support zone($95,000-$90,870) and 50_SMA(Daily) and fill the CME Gap($94,435-$93,935) . ⚠️Note: If Bitcoin goes above $100,000, we should expect more PUMPS.⚠️ 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
32
BTC Price Is Higher More 102K Here is Analysis of Bitcoin Seems Higher to Uptrend Guys Bitcoin Price Seems higher This is Grate Things for Traders Profit Taking The Trump gives Big Chance to the Crypto Currency market. That's Reason the wing the Presidential Election The Price is Indeed Ascending to the Channel Support the price is still inside the 99K 102k Resistance Zone 100K 102K Support Levels 92K You Can see more Details in the Chart Piz Support with like and Comments for more insights.
Long
by Sense_Trading
Support and resistance levels that workAfter reading this article you will understand why levels are formed, how to identify them on the chart and how to make trades in different market conditions. You will also understand where the price of BINANCE:BTCUSDT BTCUSDT is more likely to go and why. What are support and resistance levels Support and resistance levels are areas where big players take positions and then defend them. In these areas, the price can turn around and go in a different direction. Support: An area where large buyers find the price attractive and begin to accumulate the asset. Resistance: An area where large sellers find the price overvalued and begin to sell the asset. Levels are not lines but zones, because large players cannot accumulate large positions at one price, they operate in a range. Zones of levels should be marked on the chart with a reserve for the areas where traders place stops (after their removal it is possible to return behind the level, i.e. a false breakdown). There are cases when the price stops several times on one line, but these are not levels, but crowd traps. Why support and resistance levels are important 1. Determining where to look for entry and exit. 2. Placing a stop loss behind the level in a protected zone. 3. Evaluating potential profits. For example, buying from support, you might place take profit in front of a resistance zone. The market moves from support to resistance, from buyers' stops to sellers' stops, from overbought to oversold. How to find levels on a chart 1. Price reversals When the price reverses in a certain zone with increased volume, this zone becomes a potential support or resistance. Even if there is no volume in the zone, it is important to consider such reversals (there may be no volume if there is no reaction from the other side, no buyer-seller fight). 2. Dense accumulations (consolidations) A long stay of the price in a range, especially if it is accompanied by increased volume, indicates the presence of a struggle in this zone between buyers and sellers. When the price moves out of this area, this area becomes support on the way up or resistance on the way down. 3. Mirror levels These levels alternate between support and resistance. For example, a level that was previously a support can become a resistance after a breakout and vice versa. 4. High volume zones without price reversal If there was high volume in the zone and the price went up or down quickly, you should expect a reaction when you approach the zone again. 5. Long volatile candlesticks with increased volume (gaps) Such candlesticks can be a sign of activity from a large player. If after a long candlestick with high volume, the price returns to it, such a candlestick can become a level from which the price will react. 6. Levels on round price values Round values such as 100, 150, 200 often become support or resistance levels. These are so-called psychological levels where traders and big players tend to place their orders. Factors reinforcing the level: 1. Time frame. Strong levels are formed on the older timeframes day, 4 hours. Big players work on them and such levels are more reliable. 2. Volumes. The presence of high volumes in the zone of the level confirms its importance. If there are no volumes, the level may be less reliable. 3. Buyers and sellers fight. A strong level occurs when the price consolidates for a long time and then there is an exit with increasing volumes. This indicates that one side, buyers or sellers, has gained the upper hand. 4. Taking out stops. The formation of a strong level is often preceded by a false breakout, which knocks out the stops and increases its importance. 5. Psychology. Round values such as 100, 150, 200 are often strong levels due to their psychological influence on market participants. How to trade with levels 1. Levels of older time frames are more important. Always start your analysis with the weekly and daily charts, then move to the hourly and minute timeframes. Note : On illiquid assets, you should only use the senior timeframes day, 4 hours to determine levels, smaller timeframes often look chaotic. 2. The trend determines the priority. In an uptrend, support areas will be important, resistance areas will be weak. In a downtrend, support areas will be important resistance areas will be weak. In a sideways trend, both zones are equally important. 3. When trading intraday , pay attention to more recently formed zones, they have more weight. For example, in the case of an impulsive trend, hourly levels may not have time to form, so 5M levels become important. Note : The slope angle of the trend and the speed of the trend are very important in determining the levels, because the stronger the trend, the weaker the zones of the opposite direction. 4. In the case of impulsive trends , where the price moves quickly and virtually without pullbacks, you can use junior timeframes, such as 5 minutes, to find local support and resistance zones and enter a trade on the trend. This is important because hourly levels on such trends do not have time to form due to the high speed of price movement. 5. In a declining trend you can even trade against the trend (as in a sideways trend). The fact that the trend is fading can be determined by how the highs (in an uptrend) and lows (in a downtrend) are updated with great difficulty and small values. Divergences can also indicate that the trend is weakening. Errors when working with levels 1. Blind trading from levels. Never enter a trade just because the price has approached a level. Always look for confirmation: price reaction, volume, etc. 2. Ignoring older timeframes. Levels on older timeframes always carry more weight. 3. Stick to a single point. Levels are zones, not specific prices. 4. Misidentifying the zone. Do not mark too narrow zones, remember that big players work in a range. Selecting assets for trading The selection of interesting assets should be based on the following criteria: Presence of a strong trend. The price is in correction and close to the level. High liquidity of the asset. Assets that are not suitable for trading at the moment: Absence of a trend. High volatility without structure (so called "saw"). Low liquidity. Trading on unsuitable assets becomes a guessing game, choose assets consciously to tip the odds in your favor. Final recommendations for working with levels In an uptrend : Look for support zones to long. Resistance zones serve as targets. The stronger the trend, the less important resistance zones are. In a downtrend : Look for resistance areas to short. Support areas become targets. In a sideways trend : Trade support and resistance zones. Consider zone extensions and possible false breakouts. Conclusion It is important to realize that support and resistance levels are only a part of success. The main points to consider are 1. Asset selection. Work only with liquid and trending assets where levels are most important. 2. Combine with other methods to find an entry point and confirm the strength of buyers and sellers such as volume, candlestick patterns and technical indicators. 3. Maintain positions : move stop losses, take partial profits and stick to your original plan. Remember that trading is not only about finding levels and trades, but also about discipline, risk management and constant learning. Each element of your trading strategy is a cog that works in conjunction with the others. The more accurate and reliable the mechanism, the greater your chances of success. If you found this article useful, place a rocket and write comments. Good luck in trading!
Education
by Crypto_Strateg
1