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Bitcoin / Tether Perpetual Linear Swap Contract

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BTCUSDT.P trade ideas

Trendline started breaking at 15min timeframeThis chart illustrates a price action scenario where the trend line (marked in green) is being tested and eventually broken by the price movement. The red parallel lines form a channel indicating prior price trends, potentially signaling support and resistance levels. Key observations: Trend Line Breakout: The green downward-sloping trend line has been breached upwards, which could indicate a potential reversal or continuation of a bullish movement, depending on context. Price Consolidation: Prior to the breakout, the price showed consolidation along the trend line, suggesting indecision before the breakout. Channel Behavior: The red upward-sloping channel signifies a longer-term bullish trend, while the breakout above the green trend line might signal a resumption of this bullish momentum. To confirm the breakout, further monitoring of volume and price action is essential, as false breakouts can occur.
Long
by pG0
THE REAL START OF ALT SEASONThis happened a lot faster than I thought it was going to. I have been following this parallel channel on the 1 week of the BTC chart since 2021 so my original thought was that this would be the top for bitcoin this run since it was 2 times before. Now this is simply following the chart and ignoring all the noise and media that it is garnering. However, as you can see the price seems to have respected my chart and has fallen back inside the channel. This has also happened as the RSI is peaking and the BTC.D chart has just fallen bellow the 60. IS this the true start of the Alt season? Let me know what you think?
by CrYpt0NuB
A future analysis for $BTC/USDT!As u see CRYPTOCAP:BTC chart last months make lower highs and higher highs one thing that makes it continue its upward trend is the price protection in the consolidation area that retests and breaks the last top forming a now higher high but one thing that makes me bearish for a short period until a new ATH is the return to the higher low area after a market correction at the price of 80k after this correction CRYPTOCAP:BTC will return to a new ATH around 100k! What makes me bearish again is the consolidation area within the fibonacci retracement that reaches a value of 0.382 (65.700$) on the chart with enough candles to make me believe that this area will be retested in the summer of next year at the latest!
by PaulNox
BTC weekly trading planWeekly Trading Plan - November 17, 2024 - Finemei The crypto market continues its upward trends with healthy and significant corrections that began last week, covering all areas of the market. The trend is clear and precise, with a strong potential for high gains and record returns in the indices. A Bit About the Coming Week: The SEC (Securities and Exchange Commission) is shifting from preventive enforcement actions to a more collaborative approach within the crypto space. Easing of banking restrictions. Approval of ETFs (XRP + SOLANA) later this week. Public opinion suggests Bitcoin reserves for strategic assets are exceptionally high, but according to JP Morgan, they currently have a low probability. Fundamental Outlook: Fundamental News Summary: Wednesday, November 20, 2024: Crude Oil Inventory: Inventory rose by 2.089 million barrels. More oil in stock can reduce prices as demand decreases. Thursday, November 21, 2024: Unemployment Claims: There were 220,000 new unemployment claims, slightly higher than expected (217,000). This indicates a potential increase in job losses. Philadelphia Fed Manufacturing Index: The index dropped to 6.3, while the expectation was 10.3. A decline here signals some slowdown in industrial activity in Philadelphia, which is less favorable for the economy. Existing Home Sales: 3.94 million homes were sold, exceeding the expected 3.84 million. This is a positive sign, showing the housing market is active and functioning well. Friday, November 22, 2024: Manufacturing Purchasing Managers' Index (PMI): The forecast is 48.5, indicating the manufacturing sector is likely shrinking (a number below 50). This could signal challenges in the industrial sector. Services PMI: The forecast is 55.0, showing growth. This suggests the services sector is in a good position and supports the broader economy. Bottom Line: The data this week shows a mixed picture—on one hand, manufacturing and industry are somewhat weak, but the housing and services markets are looking strong. Technical Outlook: The cryptocurrencies are showing strength and readiness for further gains. Ethereum is consolidating between the 3030 and 3200 levels, currently at a critical resistance level, preparing for a move. Bitcoin has started a process that’s currently less clear, so I’m staying out for now, although it also appears ready to reach my weekly target of $97,000 per coin. Good luck, friends! A green week ahead.
Long
by FineMei
2
Bitcoin ATH: Potential Retracement Zones and Key LevelsBitcoin current price now is 76k surpassed ATH at 14 March 2024, after surge more than 13% we may see increased speculation and bullish momentum driving the price higher. However, if Bitcoin struggles to maintain upward momentum near this level, we may witness a retracement before the next significant move. Retracements are a common and healthy part of price movement, providing the opportunity for consolidation before the next leg up. On the chart, we observe several retracement levels marked by Fibonacci retracement levels, as well as Fair Value Gaps (FVGs) that may act as areas of support if Bitcoin's rally takes a breather. 1. The first potential support level sits at the 0.5-0.62 retracement level. This zone represents a modest pullback and would allow Bitcoin to establish a higher base without losing its bullish structure. This level falls within an FVG, which might reinforce the zone as a strong support if Bitcoin pulls back to this area. 2. A deeper retracement could see Bitcoin testing the 0.705-0.79 retracement level. This level could attract more significant buying interest, as it represents a meaningful correction or extreme discount zone that provides an attractive entry point for new buyers. 3. Green zone (OB) signaling areas of potential liquidity where buyers might enter aggressively to capture value. Trendline Support and Horizontal Levels Trendlines provide insight into Bitcoin's directional bias. A rising trendline, indicated in yellow on the chart, has been guiding the recent rally and could serve as dynamic support in case of a downturn. If Bitcoin respects this trendline, it would suggest a continuation of the uptrend, with the trendline acting as a safety net for any dips in price. This would allow BTC to pull back and consolidate while maintaining its upward momentum. Another significant level is marked as "rH" around $73,787, a former resistance level that could now act as support. If Bitcoin retraces to this level and finds support, it could reinforce bullish sentiment and potentially lead to another rally attempt. Volume Analysis We also see moderate trading volumes, indicating sustained but cautious buying activity. An increase in volume at higher prices would strengthen the case for a continued rally, as it would demonstrate robust market interest. Conversely, if the volume decreases during a pullback, it may indicate that sellers lack conviction, suggesting that the retracement could be brief and limited to consolidation.
by Perseusx01