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Bitcoin / TetherUS PERPETUAL CONTRACT

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BTCUSDT.P trade ideas

BTC: broadening wedge or channel retest? Bullish or bearish?There are three possible patterns in formation right now, two of the which would be bullish and one bearish. I'm not 100% on which one I'd pick so I'll present here the three cases. right-angled broadening wedge (the bullish case): - check the following links www.forex-central.net and www.centralcharts.com In this case we should expect a dump to the 86K levels and then a bounce back to breakout and push price to 125K: right-angled broadening wedge (the bearish case): see the previous links for the examples. In this case the wedge support wouldn't hold breaking down and bringing price to the 75K area. Notice that the upper resistance of the wedge shows alsoa double top which is a very bearish pattern: descending channel retest: for this case I've used the coinbase's chart, it's just because the chart is less messy. As you can see the break out happened already days ago and this could be the retest of the previous R. This is a bullish case that would make price bounce to 109K At the moment I don't know where to lean because my gut says market are overreacting to this AI fuss so I stay open to any possibility and I'm not doing any margin trade, just buying what I think has potential. Good luck
by Shotokhan
BTC is on the way .BUY DIPObservations: Ascending Channel: The price is respecting an upward-sloping channel (orange lines), indicating a bullish trend since mid-2022. The lower boundary serves as strong support, while the upper boundary acts as resistance. Support Zones: Two green rectangles highlight potential demand zones around $82,290 and slightly higher. These zones are likely areas where buyers are expected to step in if the price corrects further. Resistance Levels: Key resistance levels are marked with red lines: $108,171, $131,987, $175,479, and $232,111. These may act as profit-taking zones if the price continues to rally. Current Price Action: The price ($98,687) seems to be consolidating near the upper range of the channel. If it breaks out above this range, a more significant rally could follow. Alternatively, a rejection here could trigger a pullback toward the support zones. Possible Scenarios: Bullish Case: A breakout above the upper channel boundary could lead to testing the $108,171 resistance. Sustained momentum may target the next resistance levels at $131,987 and beyond. Bearish Case: If the price fails to break the resistance and drops, the first support to watch is around $82,290. A deeper correction might revisit the channel's lower boundary. Neutral/Consolidation: The price could consolidate within the $90,000–$100,000 range before making a decisive move.
by aminazarpey
BTCUSDT 2H-4H-1D Technical Analysis 26/01/2024Most Relevant Timeframe for Position-Taking • Short Term (2H/4H): Shows signs of a possible consolidation or minor pullback. Good for quick scalping or very tight stop-loss trades. • Medium/Long Term (12H/1D): Clearly bullish but near potential overbought territory, suggesting caution before entering new multi-day to multi-week positions. These higher timeframes offer the best overall view of the trend and major support/resistance. Key Support and Resistance Zones • Supports • Short Term (2H/4H): • ~101.9k–102k (Long-Term MA in 2H/4H) • ~100.8k–100.84k (Auto AVWAP low + confluence of MAs) • Medium Term (12H/1D): • ~89k (critical support from the chart structures) • ~77–78k (deeper support if 89k fails) • Resistances • Immediate: 105–106k (multiple AVWAP Highs on lower timeframes) • Upper: 107–108k (AVWAP High on 1D/12H). Above 108k could spark a larger breakout. Recommendations and Potential Scenarios 1. Main Scenario (Bullish with Consolidation) • As long as BTC stays above 89–90k, the higher timeframe trend remains intact. • A brief pullback to 100–102k is possible before retesting 105–108k. • If BTC breaks 108k with solid volume, a push toward 110–115k is feasible. 2. Alternative (Bearish Break) • A break below 89k would likely trigger a deeper correction to ~77–79k, aligning with the “regular flat” scenario. 3. Concrete Trading Strategies • Short-Term Traders: Consider tight-stop long entries near 104–105k, with stops around 101–102k. • Medium/Long-Term Traders: Wait for either (a) a deeper pullback toward 89–90k that holds, or (b) a confirmed breakout above 108k on strong volume. Final Note While the overall market structure leans bullish, multiple indicators (HPI > 90 on 12H, near-extreme ISPD readings on 1D) warn of “overheating.” A short-term correction or consolidation could occur before any new major rally. Keep an eye on 89k as a key pivot. If this level remains intact, the broader uptrend should continue.
by Ox_kali
Dynamic Scalping Pro (PAID) Indicator PerformanceThis is the Dynamic Scalping Pro Indicator , designed specifically for scalping. As the name suggests, it focuses on generating accurate scalping signals to help traders make quick, informed decisions. What Does It Do? The indicator provides two types of signals: 1. ATR+RSI+RVOL based signal: These signals are triggered when the market sentiment aligns with specific conditions, such as momentum and volume (background color). 2. Breakout/Breakdown Signals: These occur when the price breaks out above or below the dynamic support and resistance levels, represented by the blue and red lines. These levels are calculated using ATR (Average True Range) and adapt dynamically to market conditions (triangle up/down). Key Features: • The blue and red lines serve as dynamic support and resistance zones. These zones help define key areas where price is likely to react. • The indicator combines multiple conditions to make it a robust scalping tool, ensuring higher accuracy in different market phases. How It Works: • Green Zones and Buy Signals: A green background and a green triangle indicate a Buy opportunity. For example, a signal appeared at 1,01,521, and the price rose to 1,06,852 within 6-7 candles, capturing a significant move. • Red Zones and Sell Signals: A red background and a red triangle indicate a Sell opportunity, helping traders capture downward moves effectively. • Gray Zones: These represent sideways areas or no-trading zones, where price action is choppy, and trades are less reliable. Trading in Ranges: As you can see from the chart, the price often trades within the blue and red lines, treating them as strong support and resistance levels. Breakouts and breakdowns of these levels are excellent opportunities for scalping. If you’re interested in learning more about this indicator or purchasing it, feel free to message me. This indicator is designed to simplify scalping by providing clear signals and dynamic levels for effective trading. Color Coding Recap: • Green Background and Green Triangle: Buy signal. • Red Background and Red Triangle: Sell signal. • Gray Background: Sideways or no-trade zone. This indicator is ideal for scalpers looking for a reliable tool that adapts to market conditions dynamically.
by TradeTechanalysis
BITCOIN SQUEEZEE ???Bitcoin in a "squeeze" position currently despite huge volatility in the past few days and overall consolidation structure (Broader Rectangle R1) on the D1 TF. What will become of it after a breakout? Notable patterns with likely targets/PO to the upside in a "Triple" Breakout scenario.. 1. Symmetrical triangle - 115,000 2. Rectangle (R2) - 112,800 3. Ascending Channel 4. Bullish Pennant - 125,500 5. Bullish Rectangle (R1) - 125,500 **Both Pennant and Rectangle Price Objectives (PO) coincide with the PO for Cup and Handle Pattern on the W1 pattern. Breaking down the structure (Symmetrical triangle and Rectangle R2) in a continued consolidation on the D1 TF we could see Price Action revisit levels 1. Rectangle (R2) - 99,500 2. Symmetrical T - 92,500 3. Rectangle (R1) - 90,000 *Summary Bulls are favored.
Long
by GhosTrader_GT