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BTCUSDT.P trade ideas

Shorting from the traditional high on BTCI could argue that the stoploss be taken a little higher but I believe in cutting loosing trades early. The chart looks easily explainable even to a lay man; Since the basic in trading is "selling the roof and buying the floor". We are currently at a known high pricemark that we can see price has been rejecting over time and can say the recent bull rally to the tradinal high is the retest before a sell off to 49K region. PS: Not a financial advice
Short
by Thetradehousefx
the silent sweepgood eve' i write to you today to warn of an upcoming descent in the market. i'm not referring to anything extraordinary, just a minor stop-loss raid, below 50k. over the last 9 months, there has been a significant influx of buyers in the range between 50k and 70k. everyone is bullish, and no one will anticipate this drop—except, of course, those who do. --- the entire structure can be labeled quite simply: the area boxed in red was a leading diagonal (5 waves down) the area boxed in green was a running flat (3 waves up) the area boxed in blue is on the verge of becoming a regular impulse (5 waves down) put it all together, and you have what we call a simple zig-zag . --- once this straightforward correction concludes, the real bull market can begin. ask me about my upside target. --- 🌙
by Eloquent
7
Bitcoin Weekly Timeframe | Incoming ATH 2024 Weekly timeframe + Price Action + Simple bullish structure forming + US Election Fractals = Something Good but don't expect. Weekly is forming a decent bullish wedge or either a bull flag and on recent week candle stick closing we confirm a bullish momentum panda fam. 🐂 Now we are approaching near 2021 ATH & 2024 High remember this is the most crucial resistance keylevel on crypto since this is bitcoin and ATH level. Expect here a strong volatility both side when we break. 🚀
Long
by CryptoxPanda
Bitcoin ATH 80K – A Technical Analysis UpdateIn my initial analysis on October 8, I projected Bitcoin's path toward an all-time high (ATH) of 80K based on a thorough review of Fibonacci retracement levels, trendlines, and market indicators. Now, with Bitcoin moving as anticipated, it's time for an update on the technicals and what we can expect going forward. Key Technical Analysis: Fibonacci Retracement Levels: The 0.618 retracement level (~66,666 USDT) has proven to be a strong support zone. Bitcoin tested and respected this level, reinforcing the bullish momentum. With the price hovering around 66K, the next key level to watch is 71,068 USDT (0.5), followed by 75,471 USDT (0.382), which will confirm the trajectory towards the ATH. Ascending Trendline Support: The upward trendline I marked earlier has continued to act as a solid support. Price movements above this trendline signal continued bullish momentum, showing that buyers are confident at higher levels. Channel Breakout: Bitcoin broke out of its consolidation phase (March to September 2024) in line with the analysis. The breakout from the descending channel is significant, pointing to a sustained bullish trend. This kind of movement typically precedes higher price targets, which aligns with my projection toward 80K. Moving Averages (MA): The 50-day and 200-day moving averages are still in a positive alignment, offering support for the upward movement. As long as Bitcoin stays above these levels, the bullish case remains strong. Volume and Market Sentiment: Volume has remained relatively steady with no significant drops, which indicates there is still buying pressure in the market. This confirms that the breakout is supported by market demand and not just speculative moves. Conclusion and Next Steps: The technicals remain solid, and Bitcoin is following the path laid out in my initial analysis. With 71K and 75K as the next critical levels, the target of 80K remains highly achievable. However, while the long-term trend is bullish, traders should continue to monitor key support and resistance zones to confirm the strength of the move. In summary, the chart speaks for itself. The breakout, moving averages, and Fibonacci retracements are all supporting the case for a new ATH. Stay focused on the broader trend and be prepared for the continuation of this bullish cycle. Stay updated for further developments.
Long
by khaledxab
BTC/USDT.P Market AnalysisHey guys, happy Friday. The analysis today will be an interesting one as we close out the week. Although recent price action has been relatively bullish, we have only closed above the most recent swing high trend line. That means the buyer dominance isn't as strong or will need more liquidity to push through the next level (yellow circle). Until we have a break out of that level, I think we might see more swing actions especially on Fridays. We are currently getting a local rejection off the bearish OB that was created a few days ago when we initially reached this most recent swing high, depends on which direction it breaks, you might want to place your trades accordingly. I think we have hit a local high for now and I would be more bullish if we can have a daily candle close above the trend line zone, I would add to my longs then. Until that happens, I'm going to hedge in a short, take some profits on my previous long setups and speculate. **Fridays are usually volatile especially during NY sessions, trade safely** @Nate Alert
by Nate36989
Support and Resistance Zone: 68393.48-69031.99 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The key is whether it can find support near 68393.48-69031.99 and rise above 71280.01. If not, and it falls, you should check whether it finds support near 65920.71-67414.39. - You should check if the StochRSI indicator is rising in the oversold zone and if the StochRSI EMA falls below 50 and changes to the state of StochRSI > StochRSI EMA. This is because you should check at what point support and resistance are received when the state of StochRSI > StochRSI EMA changes. That is, if it shows support around 68393.48-69031.99, it is because it is a time when additional purchases can be made. If it shows resistance around 68393.48-69031.99, there is a possibility of another decline. This is because if you refer to the previous movement of the StochRSI indicator, it can lead to a movement similar to a double decline. - Since it touched the BW (100) section (68393.48-69031.99), it is better to approach it from the perspective that it will basically fall. However, if it shows a price maintenance in this BW (100) section and the StochRSI indicator shows an upward movement in the oversold section, the possibility of additional increase increases. Therefore, you should check whether additional purchases can be made by checking whether there is support near 69031.99. - Volatility may occur depending on the location of the StochRSI indicator. - When the StochRSI indicator falls in the overbought section - When the StochRSI indicator is near the 50 point - When the StochRSI indicator rises in the oversold section Volatility may occur in the three areas above. Due to this volatility, you can know how the movement will proceed in the future by checking whether there is support at the support and resistance points drawn on the chart. ----------------------------------------------- I think the coin market is likely to continue its upward trend unless USDT gaps down. The gap down of USDC is likely to eventually cause the coin market to fall in the short term. Therefore, I think it is better to trade from a short-term perspective until USDC stops its downward trend. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The expected range to touch in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto