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BTCUSDT.P trade ideas

BTCUSDT.1DBTC/USDT daily chart, we notice several key features that indicate potential trading opportunities and strategies. Key Observations: Resistance Levels: The immediate resistance level 'R1' at $72,357.85 represents a significant barrier where previous price action has faced rejections. Beyond 'R1', 'R2' at an even higher level would be the next target if a breakout occurs. Support Levels: The primary support level 'S1' at $65,390.97 is critical. It has recently been tested, and the price has bounced off this level, indicating strong buying interest. The next support level 'S2' is at $59,138.45, which could be tested if there is a significant pullback. Trend Lines: The chart features an ascending trendline that has been supporting the price over the recent period. This trendline is crucial for maintaining the current bullish sentiment. Technical Indicators: Stochastic RSI: The Stochastic RSI is in the lower end of its range, suggesting that the price might currently be oversold, which could precede a potential bullish reversal or at least some consolidation. MACD: The MACD is showing a bearish momentum as it is below the signal line. However, monitoring this for a potential crossover could indicate a shift in momentum. Strategic Approach: Given the proximity to 'S1' and the oversold condition indicated by the Stochastic RSI, there might be a good buying opportunity at this level, assuming the ascending trendline continues to hold. Traders should look for signs of stabilization or a bullish reversal pattern before entering to confirm that the support will hold. If the price breaks above 'R1', it could signal a continuation of the bullish trend, and traders might consider taking long positions with 'R2' as a target. Stop-loss orders could be strategically placed just below 'S1' to protect against potential downward movements. Conversely, a break below the ascending trendline and 'S1' could indicate a shift to a bearish trend, necessitating a reevaluation of the bullish stance. In such a scenario, the focus would shift to 'S2' for potential short positions or to watch for further declines. Conclusion: The BTC/USDT pair is at a crucial juncture, with potential for both upward and downward movements. Traders should remain vigilant and react to price actions near these critical technical levels. It's essential to monitor further developments in the technical indicators and adjust strategies accordingly while maintaining sound risk management practices to navigate the inherent volatility effectively.
by MarsSignals
RAG-GPT-4o . Thesis investment BTC Next 12 hoursHi Traders. This Server analize the alredy open positions or potencials. Investment Thesis As a trader specializing in intraday scalping strategies for Bitcoin (BTC), the current market conditions present both opportunities and risks. The recent price of BTCUSDT is $68,452.00, with a current open position at $68,500. Given the ongoing legal actions involving North Korea's Lazarus Group, there is potential for market volatility that could impact Bitcoin's price. Therefore, it is crucial to remain vigilant and ready to adjust trading strategies based on real-time data. Data Analysis Open Interest: Fluctuating, indicating uncertainty in market participation. Weighted Funding Rate: Showing slight bearish sentiment. Liquidation Levels: Stable, but caution is advised as sudden market movements can trigger liquidations. Monitoring Intervals: Essential to monitor metrics every 1m, 5m, and 8h for informed decision-making. Binance Data Trading Volume: Relatively stable. Long-Short Ratio: Suggests bearish sentiment with long positions below 50%. Expert Predictions: Advises caution and waiting for confirmation of upward momentum before entering new positions. Trading Volume (Last Hour): Approximately $243 million. Circulating Supply: 19 million BTC. Market Cap: Approximately $1.3 trillion. Analysis: Highlights the liquidity of BTC, which is favorable for scalping strategies. Sentiment Analysis Market Sentiment: Mixed, with some analysts expressing caution due to recent regulatory news. Top Crypto Sentiments: Slight bearish outlook, suggesting traders should be prepared for potential downward movements. Technical Analysis RSI: Currently at 62, indicating bullish momentum but approaching overbought territory. MACD: Showing a bullish crossover, supporting potential upward movement. Short-Term Indicators (5m and 15m): Showing signs of weakness, suggesting a possible pullback. Key Support Level: $67,968.56. Key Resistance Level: $68,200. Recommendation: Given the current open position and market conditions, it is advisable to monitor the price closely. If BTC approaches the take-profit level of $68,800, consider adjusting the stop loss to secure profits. Conversely, if the price shows signs of reversal before reaching the take-profit, be prepared to exit to minimize losses. Summary The current market conditions suggest a cautious approach. Vigilant monitoring of price action is essential, especially as BTC approaches key resistance levels. Adjust the stop loss to protect profits if the price nears the take-profit level.
by titankarma
BTC targets of the Bullish scenarioBTC is going to get, like Solana, at the beginning of this next month of November, an all-time high. And breaking through $73,650.00 there opens the way for the final leg of the bull run. This leg could extend to the end of the first half of the year or even the second half of 2025. I don't believe it will go beyond that. This would be my deadline for this bull run, of course, I'm not a fortune teller, but considering the variable income market, especially the S&P500 and Nasdac, they are already extended in a possible final 5th wave. Consider managing debris with a trailing stop or with a stop at the low of the daily chart, starting in the first half of 2025.
Long
by Chemintrader
BTC LONG TP:68580 1 HR 25-10-2024This analysis is based on a 1-hour timeframe, with an expectation to reach its target within 24 hours. If the target is not met within this period, the analysis will be considered invalid. It is recommended to close or protect the position, or to ignore it if it has already been executed. **Disclaimer**: The information provided in this analysis is for educational purposes only and should not be considered financial advice. Trading involves risk, and you should only invest what you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a financial advisor before making any trading decisions.
Long
by ReyDragon21
10/27/2024 Bitcoin Idea. It will go down...For now, I believe that the downward ABC is still ongoing. Currently, we are seeing a rise within the B wave of the Green ABC correction. RED ABC- I expect the "Red ABC" to either form a triangle or a flat ABC. If it turns out to be a flat ABC, it would actually be more convenient for trading since the stop-loss would be much shorter. If we enter a position around 69,000 which is end of "Red ABC correction", we can set a simple stop-loss at around the previous high of 69,500 and aim for a take-profit at least around 64,700. This would make for a very favorable risk-to-reward trade. However, since the chart isn’t fully formed yet, we should wait and see.
Short
by hcinteractivegames
6
BITCOIN TARGETS 70000$ - BTC BULLISH MOMENTUM IS RISINGBitcoin recently broke and closed above the massive diagonal trendline that had been driving the weekly bearish trend since March 2024. This weekly breakout and close above the trendline gives me strong confidence that a bullish weekly momentum has begun. After the breakout, Bitcoin retraced into the weekly demand zone and showed a strong rejection. During this retracement, it also ran the daily swing liquidity and attempted to close below for six consecutive days. However, buyers defended the daily swing level strongly. This indicates that Bitcoin is likely aiming higher, with the first target set at $70,000. Other targets can be seen on the chart as well, and I’ll be watching these levels, ultimately aiming for an all-time high. I’m feeling quite bullish about the crypto market at the moment.
Long
by UA_CAPITAL
1
Bitcoin: The Last Correction Of 2024Bitcoin produced a lower high 21-October compared to 29-July. It was moving up within a rising channel and as soon as it approached 70,000 it faced strong resistance. The peak price hit on the inverted correction was 69,555 and then a minor three days drop. Yesterday we saw a strong green candle, one more shakeout, another market move intended to liquidate over-leveraged players; volatility and for some even hope. The fact that today's session is full red and fully negates yesterday's bullish action is extremely bearish. It confirms that yesterday was a fake rather than natural move. The bearish action today confirms the charts bearish potential and we can expect lower prices. We can also know Bitcoin is moving lower when we look at #2, the merge. If you consider Ethereum, it is trading super low and Coinbase continues to buy billions worth of ETH and load it up on its exchange. These ETH are not being bought to push prices up, it can't be done, these are being bought to sell to the masses at very low prices when the bottom hits. They have huge demand and they have been preparing for months. We can say they are ready though and this gives us a warning that the wait is over for this dip. Other pairs in the Crypto-giant group are also bearish. This is revealing because they move together with Bitcoin. Since they move together with Bitcoin, being bearish means that Bitcoin is also bearish. The DXY is bullish and it works against Bitcoin and thus we have another confirmation. Bitcoin was bullish for 77 days. 77 days is a long time in Cryptoland and yet, even after this long time Bitcoin produced no new higher highs based on the charts bigger structure, this is a sign of weakness. It is not weakness in the sense of Bitcoin being fundamentally weak but weakness in the sense that the price rise was something momentary, a bounce from the August major low rather than a bullish impulse. A bullish impulse would go to new highs and produce higher highs and higher lows. An inverted correction would be weak, produce no new highs and then crash massively. This is what we are seeing. Some people might not be convinced even after 7 months of the same. The last bullish wave lasted 77 days but it has been more than 7 months since Bitcoin started to move lower. It crashed to $49,000 in early August after five months of bearish consolidation. We are about to experience the second drop and this will end the correction. After the correction is over, up we go. The market is likely to feel Bitcoin's crash strongly, at first, but then it will recover pretty strong. Those pairs that are already low can recovery within hours or days. Those that are mid-way can recover within weeks. Those that are trading high up, can take months to recover and that's the main three variations we will get. The crash wick can be recovered super fast but after this initial fast recovery the action will then turn slow. You will literally see Bitcoin crawling up slowly for months, say 3-5 months. Only after this major, long drawn-out bullish consolidation we will see strong growth. People will get bored, leveraged traders will get killed always expecting a big and major move, we will be watching and sharing everything that is happening with you. The market ranges most of the time and only for short periods of time it goes into a trend. The big and easy money is made by joining this trend. A massive opportunity will open up soon, new lower prices, the lowest in years. This will be great. New energies, new vistas, new people, new feelings, new potentials, a new cycle; growth. Get ready for 2025, because we are about to witness the last correction of 2024. Namaste.
Short
by AlanSantana
12
Second section is an attractive buy section (confirm support) Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) It seems to have met resistance in the 68393.48-69031.99 section and fallen below 67414.39. Accordingly, we need to check for support near 67414.39. If it meets resistance at 67414.39 and falls, we need to check for support near 65602.01-65920.71. - BW (50) is showing signs of being newly created at 66668.65. Accordingly, the key is whether BW (50) can be supported near the newly created point and rise above 67414.39. - Since the StochRSI indicator has currently entered the oversold zone, the decline is strong. Therefore, if it fails to maintain the price by rising above 67414.39, it is likely that an additional decline will occur and it is recommended to consider a countermeasure. When the StochRSI indicator rises above the oversold zone and maintains the state of StochRSI > StochRSI EMA, the upward trend is likely to begin. Therefore, the 2nd zone (65920.71-67414.39) is an important support and resistance zone. In addition, since the M-Signal indicator on the 1D chart is passing the 65920.71-67414.39 zone, it is even more important. - Checking for support is a difficult and tedious task. Therefore, it is also good to refer to the location of the StochRSI indicator or BW indicator to help confirm the direction when checking whether there is support. I think that you can create a much better response plan than drawing a trend line and checking whether it goes up or breaks away from it. Trend lines are used for chart analysis, but they are not very helpful in conducting actual trading. The reason is that they are made of diagonal lines. Therefore, I think that it is good to use trend lines in combination with support and resistance points drawn on 1M, 1W, and 1D charts to confirm the period of volatility. Since a pattern is meaningful when it is completed, you should not try to think in terms of fitting it into a pattern. - After all, the purpose of everything displayed on a chart should be to conduct trading. Therefore, you should check what kind of movement is shown at the support and resistance points drawn on the chart and trade accordingly to make a profit. Since the StochRSI indicator has currently fallen below 50, we should look at the chart with the purpose of finding a time to buy. For that purpose, the 2nd section (65920.71-67414.39) is an attractive buying section. If it falls in the 2nd section, the next buying section is likely to be 61099.25-62791.03. The reason for this is that the M-Signal indicator on the 1W chart is passing around 62791.03. - Therefore, we should know how to wait when we wait, and when it is time to start trading, we should start trading boldly. I think it is time to wait because it is still confirming support and resistance. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto