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Bitcoin / TetherUS PERPETUAL CONTRACT

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BTCUSDT.P trade ideas

Next Volatility Period: Around December 3 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 in the 3 (92026.52) ~ 3.14 (93570.28) range and rise to around 3.618 (98841.11). Since this volatility period is expected to continue until November 20, if it shows support in the 3 (92026.52) ~ 3.14 (93570.28) range, it is expected to rise. However, if the current StochRSI indicator falls to the oversold zone and falls below 3 (92026.52) and shows resistance, there is a high possibility of a decline, so caution is required. At this time, 1st: 90586.92 2nd: 2.618 (87814.27) ~ 1.618 (89050.0) You should check for support near the 1st and 2nd above. - (1W chart) It is expected that support will be confirmed even if the price rises. Therefore, it is expected that even if it rises to around 3.618 (98841.11), it will fall and proceed with the support confirmation work. At this time, the support confirmation section is the section indicated by a circle. It is expected that this support confirmation work will be for an increase of more than 100K. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been in an upward trend since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 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 -----------------
by readCrypto
BTCUSDT: Bullish momentum continues to buildBINANCE:BTCUSDT continues to hold its ground, trading with an uptrend as buyers look to push the price above a key resistance level. Currently, BTC is consolidating near $91,824, showing signs of accumulation within an ascending triangle pattern. This pattern is often considered a bullish signal, indicating a strong breakout. The current market sentiment remains bullish, supported by institutional interest and macroeconomic factors, such as a weaker dollar and growing demand for cryptocurrencies as a hedge. The chart shows that Bitcoin could gain momentum, especially if buyers manage to break above the key resistance level of $93,300. Traders should keep a close eye on the $93,300 resistance level. A confirmed breakout with high volume could provide an entry point for long positions, while traders remain conservative. However, with the price reacting to strong resistance, I do not rule out the possibility that the price could wait for a pullback to the $90,000-91,000 zone, form a trend line and rise.
Long
by JerrytradingCR
Bitcoin: Approaching 100,000...Focus on 96,500Hello all dear friends! Bitcoin is approaching a critical point as it nears the psychological resistance level at $100,000 within its ascending channel. The 4-hour chart clearly shows that BTC is gaining strength, supported by the EMA 34 and EMA 89, signaling a steady uptrend. However, the question remains: Will Bitcoin surpass this key level, or are we about to witness a pullback? Theoretically, this is still unclear… Personally, I recommend traders limit their trades as the price approaches this level and open positions only when there is a clear confirmation. From a technical perspective, we can clearly see that the price is climbing smoothly in a sustainable uptrend toward $100,000. However, after the previous rally, it seems the price has missed significant liquidity zones… For this reason, I do not rule out the possibility that the price may approach the resistance level with the intention of establishing a new high before any reversal reaction occurs. That said, I would prioritize trades if the price breaks below the $96,500 support level, targeting take-profit levels sequentially at $93,300, $88,800, and $85,000.
Short
by JerrytradingCR
BTCUSDT bullish pennant!!Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Let's analyze BTCUSDT on lower time frame: BTCUSDT is forming a bullish pennant pattern. If the price breaks to the upside, there's potential for a rally toward $100k. However, if the breakout fails, a decline to the $86k–$86.5k range could be likely. Key Support Levels: Support zone: $86,000 - $86,500 Lower support zone: $84,000 - $84,500 If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
by persis10t
BTC to hit $124k by January 20thThis is a Weekly Chart for BTC and as you can clearly see the Cup and Handle Pattern that formed starting way back at the beginning of November last year. The longer it takes for the pattern to form the Stronger the signal becomes so in actuality $100,000 is just the Near Term Target but I Highly suspect now in looking at this that by January 20th when Trump is sworn into office as the President, my Target indicated here is what we are looking for and likely to expect. So you're probably much like myself and thinking that capitalizing on this long BTC Bull Run, the opportunity has passed us by as it reaches the $100k milestone, however this tells me that there is plenty of steam left ahead. For my bet though between the Miners and MSTR I think MSTR is the Front Runner in this for much better gains. Of course as always this is fwiw and imho.
Long
by grahammk
BITCOIN - Nearing A Short Term Top...Based on this analysis, Bitcoin is expected to peak soon. The recent all-time high breakout is simply part of an expanded corrective pattern, which is likely to fully retrace. Another opportunity for significant gains will emerge once this correction is complete. In the bigger picture, the long-term outlook for the crypto market appears promising, even if the broader markets experience a more substantial downturn. For traders, opportunities will become increasingly clear as a few more corrective waves unfold.
by AriasWave
4 Year Bitcoin Cycle - The Midpoint!Greetings, fellow traders and investors. Today I would like to bring to your attention something that has caught my interest. The 4-year Bitcoin cycle. In the chart above we can see that Bitcoin is nearing its 16-year cycle, for it's 4-year cycles. Looking back at Bitcoin since early 2013, when it set a new high around $1100 USD, we are able to observe a pattern that is still ongoing. According to Bitcoin's 4-year cycles, each cycle ends and begins at a 4-year cycle low. This would mean the following: The low after the previous parabolic run leading to a new ATH, accumulation towards the previous ATH, parabolic run setting a new ATH, and finally another cycle low to complete the cycle. How are the cycles calculated? We see from the previous 2 cycles that: The cycle low (bearish) takes ~12 months to complete, followed by accumulation to hit and pierce the previous ATH that lasts ~24 months. Finally, the parabolic run after the previous ATH gets pierced would take ~12 months to complete, before completing the cycle with another ~12 months of distribution/markdown. Cycles are calculated from cycle low, to cycle low. The previous 2 cycles have shown to mirror each other quite well. As of now, what we can see, is that we have completed our accumulation, and we are ready for this cycle's markup into another parabolic run before cooling off with another distribution and markdown for the cycle to complete. It is important to note that we were 8 months early into our accumulation to complete. Could this mean that the markup will also end early? Will it be more aggressive and volatile? How will it affect the coming ~12 month cycle end? These questions are some of many. With this post, I hope to have broadened the horizon for you, encouraged free thinking and expanded your knowledge. Please feel free to express your opinions and thoughts in the comments below. Thank you for your time. (The drawings in this chart does not represent price moment, it is simply to show what we can expect in this current cycle. It is very possible for it go much higher, and much faster. The same could be said for the markdown nearing the cycle end. Please conduct your own research to better understand the cycle and the market)
Long
by Chocomel
2
Bitcoin / USDT _ Distribution _ Prices (+) _ DescendingBitcoin / USDT _ Distribution _ Prices (+) _ Descending (Drop _ Period) _ Under _ Trading _ Venue _ Binance. Lets find out: Next distribution price: Drop to the key level of $91,739.37 ( It may go to $101,101.07 first) ______________________ After the Retest ( Drop) Next price = $117,971.61 _______________________ From $117,971.61 it will drop to the 2 key level, (1) $81,708.62 (2) 74,786.07 _____________________ Then we will be expecting the following Distribution price, most likely during 2025 period! _____________________ $119,508.80 $122,206.63 $123,092.34 $152,133.66 $176,131.61
by Skill-Knowledge-Conduct
BTC/USDT:Distribution with Bearish Rising Wedge (False Breakout)In this analysis, Bitcoin appears to be in a distribution phase, as described by the Wyckoff Method, coupled with a Bearish Rising Wedge pattern, which suggests potential downside ahead. Here’s a breakdown of the key points: FOLLOW ME here in TradingView to become more Analysis. It's good for me. Thanks! Climax: The Buying Climax (BC) marked the peak of the upward momentum, where buyers exhausted their strength. Automatic Reaction (AR): After the BC, the price saw a sharp correction, defining the lower boundary of the range. Secondary Test (ST): The price revisited the range high, confirming the resistance zone and showing weakness at the upper levels. Upthrust: A false breakout above the resistance zone trapped buyers, further supporting the distribution narrative. Bearish Rising Wedge: The price action formed a Rising Wedge, a bearish continuation pattern. A breakdown below the wedge could trigger a move towards the $82,000 support zone. Possible Scenario: Breakdown Confirmation: A breakdown from the wedge combined with increasing sell volume could lead to a sharp decline. Target Zone: The immediate target lies around $83,000, with potential further downside if the distribution phase completes. Key Levels to Watch: Resistance: $94,000 - $93,500 (false breakout zone). Support: $82,000 (range low). **Disclaimer:** This analysis is for **educational and informational purposes only** and does not constitute a recommendation for trading decisions or business activities. Please conduct your own analysis and consult a financial advisor if needed before making any decisions. Cryptocurrencies are highly volatile and carry risks. Trade responsibly.
Short
by Innotrade_AJ