BTCUSDTON DAILY BTC btc broke out of descending trendline and i expect a retest into 65000-64870 for a new wave of buy based on the structure
BTCUSDT.P trade ideas
BTC can take two directions in the short term?According to the signs, two things may happen in the coming days: if the rsi crosses downward on the daily time plane, a more serious but short-term decrease may occur, if all this is confirmed by a possible macd cross, then we can observe a downward-sloping chart. if the rsi breaks 50, I expect another spectacular break. According to the other option, the 4-hour rsi turns back from below 50, with this the upcoming rsi cross can be eliminated on the daily time plane, and even if we look at the situation in context, after the rsi 50 cross on the four-hour time plane - it is better if this is also validated by the macd cross , you can search for a medium-term position on a one-hour timeframe, from the rsi ma 50 cross, to the newer rsi ma 50 cross, with sl tracking. I'm curious about your opinions.
Bitcoin will be creating a higher high within 48hours go LONGIn this transition we set up the next transition for Bitcoin
Price will be heading to a higher high over the next 2 days
set your SL below the current turning point, aka $66,500 should be fine
set your target above the current high
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Fresh View for BTCUSDTDivergence Looking Bullish Soon
One Hour dynamic Resistance Will Break Soon
Yellow box if break down side then fresh sell off will continue
Major Resistance 67580
Immediate Support Range 66872 to 66670
upside Horizontal rays are target if 67580 breakout
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Let's analyse BTCUSDT on lower time frame:
As expected, BTCUSDT is currently trading within a defined channel. Buying activity has been observed in the orange region, suggesting potential upward momentum. A rebound from this region is likely, especially considering its proximity to the middle line of the channel. If the price breaks below the middle line, further downside could lead to a decline towards $65,500.
Key Levels:
Resistance: $69,000
Support: $66,800
Lower Support: $65,500
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Will Bitcoin Take Off?Bitcoin's price has been moving sideways for the last 114 days after reaching a new ATH. Now, the price has dropped below the previous ATH.
In the early stage of the bull run, Bitcoin's price moved sideways for 210 days before making a significant bullish move. This time, we can expect a similar pattern, with the price likely continuing to move sideways for the next 1-2 months.
We can expect a bullish move in the middle or end of the third quarter of 2024.
Regards
hexa
BTC another signalhello guys!
the last signal hit the target:
it is super risky too!
please manage your risk! in this case it is possible lots of hunting will happen.
BTCUSDTSecond sell because l see sevral bearish set up in 4h tr after first leg and I looking for second leg
Bitcoin is bullish HTF, but short TF correction inevitable
BTC closed last week above July weekly swing close 🔥 Multiple RSI on Month TF also shows bullishness, similar to what it had on March 2023 (after that BTC started it's bull run for ~278%). This chart is bullish, so whatever I write about pullbacks/dips, remember - I mean short term price action that is for buying.
Bitcoin dips to 65500-66500 and bounce back fast should be taken as a fast bullish scenario. That would allow to add more to longs in both BTC and alts. The zone for potential wicks is around 63.5-64.5k - not sure how high are the chances for such a dip, but since it will surely bring panic to the market, it is absolutely possible.
BTCUSD / Bitcoin Trade SetupsCurrently looking for intraday short on BTC into key levels for long.
HTF still looks decent for an upside move tho.
$68K is my first TP level for shorts and at the same time watching it for reaction. If reaction is strong I'll long there and not wait for lower area.
Bitcoin Big short to $65650 todayJust opened bitcoin short.
Target $66000-$65650 today. After a few failed attempts by the bulls to push higher I have shifted my bias temporary to short.
To be fair though I had a short bias at the start of the week but PA didn't play out exactly how I anticipated it would.
This setup aligns with trade plan, The odds should highly be in my favor. Lets see how it goes.
#Bitcoin Update – 22 October 2024Assalamu Alaikum to all brothers and sisters, and welcome back to another Bitcoin analysis!
#Bitcoin has experienced a significant pullback after hitting its all-time high of $69K. The price is now retracing, and as I’ve marked on the charts, the blue lines represent key support and resistance levels on the 4-hour timeframe. Yesterday, we saw a critical development—Bitcoin broke below the bold second blue line, which was an important support level. However, we haven't yet seen a retest of this line, and the price continues to push upward, trying to reclaim it. This suggests that we are still in a retracement phase rather than a full breakdown.
Yesterday, I also mentioned our daily support level at $66,666, which remains a key point. If the price breaks below this level, we could see a more significant drop, possibly triggering a deeper retracement on the daily timeframe.
What's Next?
The next move will be crucial. If Bitcoin breaks the daily support and starts a more extended retracement, we might see the price fall towards Arrow #5 or even Arrow #6. However, Arrow #4 is an important level to watch closely. There’s also a possibility of a retest of the red line before any reversal. But for now, Bitcoin is showing signs of trying to break back above the 4-hour support, which could be a good signal. We must keep a close eye on this potential reversal.
#ALTS (Altcoins)
Altcoins are moving in tandem with Bitcoin’s current retracement. If Bitcoin manages to reverse from here, we could see a quick recovery in altcoins, reclaiming their recent lows. However, during this retracement phase, altcoins are more volatile, largely due to Bitcoin's influence and market dominance, as I highlighted in my previous analysis. Keep a close watch on this, and be ready for a reversal to start reopening our buy positions.
Stay tuned for more updates, and as always, I wish you all a profitable week ahead! Stay patient, stay focused, and have a great day!
BTC - Bearish Short-Term...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉After breaking below the previous low of $68,000 (marked in red), BTC's momentum shifted from bullish to bearish in the short term.
The question is: until when or where?
As long as the bears remain in control, the next major support zone that could hold BTC up is the $63,000 demand zone.
📈Around that demand zone, we will monitor price action and look for bullish setups to confirm a potential reversal.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Chart Analaysis in 1hour Time FrameHi everyone after a longtime
Here is my idea for Bitcoin in a meantime:
There is a Down Trend in 1h .
There was a good supply area around 67.750 - 69.950 which price has reacted it well as we can see.
But for now should wait until price breaks 67808 or drops under 66570.
BTC → a risky signal!hello guys!
btc touched the top line from up!
and touched the flip area from the bottom!
both sides are pressing!
let's see which side has more power!
