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BTCUSDT.PS trade ideas

**#Bitcoin Update – Saturday, 26.10.2024****As-salamu alaykum and Good Morning to All Brothers and Sisters,** This week, #Bitcoin has shown a mixed performance. It started strong on Monday with a successful retest of the daily retracement point (Arrow #4) and bounced back perfectly. However, towards the end of the week, Bitcoin faced rejection at the daily resistance level (Arrow #2). Despite this rejection, the weekly candle still managed to close above the daily support (Arrow #3), keeping hopes alive for a potential rally. **What's Next?** Now, Bitcoin's price is moving within a key range between 67,891 and 66,000. These levels will be crucial indicators as we head into next week, potentially revealing the price's direction. If the price breaks below the daily support (Arrow #4), it could drop further to retest the next daily support level (Arrow #6). Conversely, if it attempts to break past Arrow #2, we may witness a strong upward move, possibly setting the stage for another rally. **#Altcoins** Currently, #altcoins are in a volatile and uncertain state. Each time Bitcoin surges, Bitcoin’s dominance also rises, meaning funds are flowing out of altcoins. With Bitcoin's dominance gaining strength, altcoins remain highly volatile and less secure as an option. Until Bitcoin approaches its all-time high, altcoins may not be the best play. For now, it’s wise to focus on Bitcoin's movements before committing to new alt positions. Stay tuned for more updates, and as always, I wish you a profitable and successful week ahead. Let’s stay focused, optimistic, and ready to make the most of the opportunities coming our way. Have a fantastic day, and may it bring success to all!
Long
by MoonTradingForecast
#Bitcoin Update – Wednesday, 30.10.2024As-salamu alaykum and Good Evening to All Brothers and Sisters! #Bitcoin has made a massive jump, just as predicted in my last analysis! We've successfully hit our first two Take Profit (TP) targets, marking a significant achievement. However, the price faced rejection at the upper side of our Yellow Area. This could mean that a retracement is on the horizon, although it’s not yet confirmed. I’ve outlined all the crucial support and resistance levels on the chart, which will guide us in understanding Bitcoin’s next potential move if the retracement is confirmed. What's Next? If a retracement is confirmed, we might see a slight price drop over the next few days. This drop could reach as far as levels marked by Arrows #4, #5, and #6, potentially retesting the previous all-time high. The Red Line at this level is particularly important. If the price does pull back to these levels, it will likely retest and consolidate support, setting the stage for a new all-time high run! Let’s keep a close eye on these key points, as they will be essential in preparing us for the next major move. #Alts (Altcoins) Altcoins are currently in a delicate position due to rising Bitcoin dominance, now above 60%, which is considerable. When Bitcoin pumps, a few altcoins may perform well, but during even a small Bitcoin pullback or retracement, many altcoins tend to lose value by double digits. This is why I’m holding off on updating my altcoin list for now. I recommend waiting on altcoin trades until we see some retracement in BTC.D (Bitcoin Dominance). Stay tuned for more updates, and as always, I wish you all a profitable week ahead. Let’s keep the energy up and make the most of these moves! Have a fantastic day!
Long
by MoonTradingForecast
1
#BTC New Trading Opportunity📊#BTC New Trading Opportunity🔥 🧠From a structural perspective, we are stuck in multiple resistance zones. We are only $200 away from the all-time high, maybe we need a healthy pullback to regain momentum. ➡️If we start to fall from here, then watch for the area where the yellow support zone overlaps with the green buy zone Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
BTC complex waveActually it took me a lot of time to reveal this hypothesis. In my opinion, we are in a very complex correction that the price hesitates below a very important downtrend line that prevent the price to go to the sky. I can count some waves and expect that the price is going down a little bit to 66,600 and then start a small impulse, wave c of wave (X). so you can trade this small bullish wave and be careful of the (Y) impulse that may go down to significant value. What I have to say, be careful and always use your own risk management strategy. Good Luck
Long
by ahmed_fawzy
3
BITCOIN ON RESISTANCE, WATCH FOR THESE IMPULSES NEXT!Bitcoin recently tested a major resistance at $73,600, where selling pressure emerged on lower timeframes. A breakout followed by a pullback may occur after the third impulse completes, potentially driving downside momentum to gather liquidity around the key support zone near $66,670. At this level, we could see supported price action aligning with the recently established bullish channel and trendline. With a clear bullish reversal from this low, the rally is expected to continue, aiming for a fifth impulse that could push the price above $80,000.
Long
by traderchamp_
1
Bitcoin has a strong possibility of turning bullishFirstly, I would like to mention that BTC is currently in a significant Bear trend on the weekly chart. Breaking the weekly trend is more challenging than the daily and hourly for those who are unaware. Isn't it clear?? Therefore, to see bitcoin in a bullish trend, we require confirmation of the Bull. We are already in Bear mode, so we do not require confirmation of that !!! Having said all that, I would like to mention a couple of things regarding (WEEK EMA 55). 55-week exponential moving average (EMA) The 55-week EMA serves as a robust support line. If BTC surpasses it, the result will be extremely positive. You can also examine May-Jun-Jul 2021 for comparable patterns, as well as explore other cryptocurrencies. It applies to nearly all of them. Up to this point, BTC has successfully ended above the orange line during previous months. Therefore, to sum up, BTC is currently in a bear market. There is a possibility of a bullish trend. Only if Bitcoin closes above 69,000 daily and maintains a strong grip on this level will the bullish trend be confirmed. Best wishes .
Long
by El_retardo
Bitcoin Faces Bearish Pressure Amid Tether InvestigationIf you didn’t purchase BTC before the last rally: Now Bitcoin's recent performance may be overshadowed by growing concerns surrounding the stability of the cryptocurrency market, particularly in light of the U.S. Department of Justice (DOJ) launching a criminal investigation into Tether, the issuer of the popular stablecoin USDT. According to reports from the Wall Street Journal, this investigation, spearheaded by the U.S. attorney’s office in Manhattan, is examining potential violations of sanctions and anti-money laundering regulations. Tether has been a crucial component of the cryptocurrency ecosystem, as its dollar-pegged stablecoin is widely used for trading and liquidity across numerous exchanges. Any negative developments in the investigation could undermine confidence in USDT, leading to broader implications for Bitcoin and other cryptocurrencies that rely on stablecoins for stability and transaction efficiency. Investors may become increasingly wary, fearing that regulatory actions could restrict Tether's operations or even jeopardize its ability to maintain its peg to the U.S. dollar. A loss of faith in USDT could trigger panic selling, as traders might rush to liquidate their positions in Bitcoin and other assets, leading to increased volatility and downward pressure on prices. The scrutiny surrounding Tether could prompt regulators to examine other stablecoins and cryptocurrency projects more closely, adding to the uncertainty and potential for further regulatory crackdowns. This environment of increased regulatory oversight could deter new investors from entering the market and may lead existing investors to reassess their positions.
Short
by TopgOptions
BTC AI Thesis TodayInvestment Thesis As a trader specializing in intraday scalping strategies, the current market conditions for Bitcoin (BTC) present a mix of bullish momentum and cautionary signals. Over the next 14 hours, we will dynamically adjust our positions to optimize profits and minimize losses based on the following detailed analysis. News Recent Developments SEC Review of Bitcoin ETFs The U.S. Securities and Exchange Commission (SEC) is actively reviewing multiple applications for Bitcoin Exchange-Traded Funds (ETFs). Approval of a Bitcoin ETF could significantly enhance institutional investment and liquidity, potentially driving Bitcoin prices higher. Global Regulatory Updates Recent regulatory announcements in key markets, including the European Union and Japan, have introduced clearer guidelines for cryptocurrency trading and taxation. Enhanced regulatory clarity can boost investor confidence and participation. Macro-Economic Factors Concerns over inflation and potential interest rate hikes by central banks are influencing investor behavior towards cryptocurrencies as a hedge against traditional financial market volatility. Institutional Adoption Several large financial institutions have announced plans to integrate Bitcoin services into their offerings, including custody solutions and trading platforms, which may enhance Bitcoin's accessibility and appeal to a broader investor base. Technological Upgrades Ongoing upgrades to the Bitcoin network, such as the implementation of the Taproot upgrade, aim to improve scalability and privacy, potentially enhancing Bitcoin's utility and attractiveness to users and investors. Impact Analysis Positive Impact: Approval of Bitcoin ETFs and increased institutional adoption are likely to drive demand and liquidity, supporting upward price momentum. Negative Impact: Potential regulatory crackdowns or unfavorable macroeconomic developments could introduce volatility and downside risks. Data Analysis Open Interest: Increasing, indicating strong market participation. Weighted Funding Rate: Slightly positive, suggesting that long positions are favored. Liquidation Levels: Critical around the $68,000 mark, where significant liquidations could occur if the price reverses sharply. Analysis: The increasing open interest and positive funding rate support the bullish sentiment observed in the market, while monitoring liquidation levels is essential to mitigate risks associated with sudden price drops. Binance Data Trading Volume: Robust over the last 24 hours, with a notable increase in buy orders. Trader Sentiment: Cautiously optimistic, with many experts predicting a potential breakout above the $72,000 level if current trends continue. Expert Consultations: CryptoCred and Rekt Capital have highlighted the importance of monitoring key support levels and the potential for a continuation of the upward trend post-halving. Analysis: The consensus among experts emphasizes monitoring key resistance and support levels and considering long positions as BTC approaches these levels. CoinMarketCap Data 24-Hour Trading Volume: Approximately $1.5000 billion. Circulating Supply: 19 million BTC. Market Capitalization: Around $1.3600 trillion. Analysis: Strong liquidity and high trading volume indicate significant interest in BTC, supporting the bullish outlook. However, traders should remain vigilant for any sudden changes in volume that could indicate a reversal. Sentiment Analysis Sentiment Score: 75%, indicating a predominantly bullish sentiment towards Bitcoin. Top Crypto Sentiments: "Bullish" and "Buy". Implications: A favorable environment for long positions, as positive sentiment can drive further price appreciation. Technical Analysis Daily (1d) Analysis RSI: 68.7300, approaching overbought levels. Bollinger Bands: Price is near the upper band at $71,452.91, suggesting potential resistance. MACD: Remains bullish, but the trend is weak according to the ADX. 4-hour (4h) Analysis RSI: 72.6400, indicating overbought conditions. ADX: Indicates a strong trend, supporting the bullish sentiment. 1-hour (1h) Analysis RSI: 53.5900, suggesting a neutral position. MACD: Suggests potential bearish momentum, indicating indecision. 15-minute (15m) Analysis RSI: 49.7300, indicating potential oversold conditions, suggesting a possible short-term reversal. Moving Averages MA20: $71,500. Price Position: Above the MA20, suggesting a continuation of the bullish trend. Support/Resistance Levels Support: $70,100. Resistance: $72,931.8400. Trend Indicators ADX: Indicates a strong trend on shorter timeframes, supporting the bullish outlook. Bollinger Bands: Proximity to the upper band on the daily chart warns of a possible pullback if resistance is not breached. Summary of Technical Indicators RSI: Shows overbought conditions on the daily and 4-hour charts, while remaining neutral on the 1-hour and indicating potential oversold on the 15-minute chart. MACD: Bullish on longer timeframes but shows potential bearish momentum on the 1-hour chart. Moving Averages: Price above MA20 supports the bullish trend. Bollinger Bands: Approaching upper band suggests resistance and potential for consolidation or pullback. Top BTC Pairs Performance Strong Performance: BTC/ETH, BTC/USDT, BTC/BNB Weak Performance: BTC/XRP, BTC/ADA, BTC/DOT Analysis: Strong performance in major pairs like BTC/ETH, BTC/USDT, and BTC/BNB indicates robust liquidity and market interest, while weaker performance in smaller pairs like BTC/XRP, BTC/ADA, and BTC/DOT suggests limited momentum in those areas. Summary The current market conditions for Bitcoin (BTC) indicate a bullish trend supported by increasing open interest, positive funding rates, and optimistic market sentiment. Technical indicators across multiple timeframes suggest potential upward momentum, with key resistance levels at $72,931.8400 and $72,000. The significant trading volume and positive sentiment from both analysts and retail investors reinforce the potential for short-term gains through intraday scalping strategies. However, caution is advised as the RSI approaches overbought levels, which could lead to a pullback or consolidation. Trade Recommendation Outcome: HOLD_BUY Confidence Level: 78% Current Price: $72,273.7300 Stop Loss: $71,500 Take Profit: $73,500 Exit Point: $73,000 Entry Criteria RSI: Above 60 on the 15-minute chart indicates potential upward movement. MACD: Bullish crossover above the signal line. Price Position: Above MA20 suggests continuation of the trend. Current Indicators: RSI: 49.7300 MACD: Slightly below the signal line MA20: $71,500 Action Plan Monitor the Price Closely: Breakout Strategy: If Price Holds Above $71,500: Action: Consider maintaining or adding to the long position. Adjust Stop Loss: Tighten the STOP_LOSS to $70,700 as the price approaches resistance levels to minimize potential losses. Take Profit Strategy: As Price Approaches $73,500: Action: Consider taking profits. Adjust Exit Point: Move the EXIT_POINT to $73,000 to secure profits. Risk Management: Set Stop Loss at $71,500 to limit potential losses. Take Profit at $73,500 to capitalize on expected price movement. Exit Point at $73,000 as an intermediate target. Be Prepared to Act: If RSI Falls Below 50: Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly. Monitor Market Sentiment: Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome. By @Titan_Karma
Long
by titankarma
2
Bitcoin: A Bullish Flag? Altcoins, The Merge & 40KThe hammer as a candlestick pattern always works as a reversal signal, regardless if it comes at resistance or support. Bitcoin is moving within a broadening channel, doesn't look like a we have a bull flag on the chart. Each trendline shows three reactions based on candle wick. No sessions are ignored. No candles crossed. Perfect drawing of the pattern and you fail to see a flag. A hammer showed up on the 1-April session and this led to a drop. This happened after several weeks of bullish action, the situation is similar today. After the 5-Aug. session, we have 11 candles (11 weeks) and Bitcoin continues to trade below the high that produced the 5-Aug. low, 70K. These are bearish signals pointing toward lower prices, nothing changes so far based on TA. ➖ Will Bitcoin move down or will Bitcoin grow? Short-term, the chart is pointing down based on the signals mentioned above. If Bitcoin can move and close weekly above 70,000-71,000, everything changes from a TA perspective because we would be looking at a higher high. Right now, the bearish potential remains intact because have a long-term sequence of lower highs. There is also a long-term sequence of lower lows. Let's say Bitcoin drops but recovers before hitting 49K and moves to 72K. This would produce a higher low and the chart conditions change. But if instead, Bitcoin drops and hit 42K, we have a new lower low and unless Bitcoin moves back above the last high, which in this case would be 69,500 (21-Oct.), we would then remain alert for a new lower low. This is how we look at Bitcoin through a chart, but there is more. We have many Altcoins, thousands, and many move and produce the same patterns as Bitcoin but not at the exact same time. Some move ahead of Bitcoin, others lag behind. Since they always do the same, we just need to spot those that moved ahead and use these Altcoins to predict where Bitcoin is headed next. One great example is the Ethereum merge. ETHUSDT is trading at the same level at which it traded back in February 2024. For Bitcoin, this would mean a price below 49,000, around 44,444. Thanks a lot for your support. This wouldn't be the end though. Ethereum moved ahead, if Bitcoin moves down to match Ethereum, Ethereum can move to produce the next step. If ETHUSDT continues to crashes and reaches the same level it traded back in October and September 2023, you know what that would mean for Bitcoin? You can also consider Cardano and smaller pairs, they produce the exact same patterns but being smaller, these moved ahead. While Bitcoin and some of the giants peaked in March, some of these pairs peaked in January others even in December and November 2023, but the bigger chart structure is the same. I am very curious and interested in knowing, do you think Bitcoin will move to 100K before moving lower? If yes, when? Do you think it will take weeks or months? If no, how long do you think it will take before the next major drop? Leave a comment with your opinion, it is very important, it is needed to gauge the market sentiment and what experienced traders know. Feel free to boost if you enjoy the content. Thanks a lot for your continued support. Namaste.
Short
by AlanSantana
2
Happy ATH yes, BTC(USDT) reached the all time on 29th october. Why everyone is so excited ? Not for the monetary positive results, but for the meaning underneath. We, the blockchain enthusiasts and crypto world. The world is oing against us, but we responds well. I am aware of the strong impact that ETFs, CBDC and institutional entites are playing in the last months, all over the world. Europe has changed course, keeping a classical conservative position and restrict cryptos transaction and adoption, and apply illogical taxation. The US is pormoting the new financial world, but in a election context, everything which permits vote to growth is a good investments, what will happen when the new president will be elected is still a question mark. On the other side of the world, governments have adopted a proactive position, giving signs for a wider adoption and a favorable law condiction to permit a wider knowledge diffusion. The main concern to me is that few countries are already leading campaing and informative promotions to spread the knowledge about the whole topic, which is something people, especially the future generations, must to know. And we will find ourselves in a condiction of huge disparitive and informative asymmetry that will led to a economic deficit both under a systematic and financial side. So this All Time High has an important weight in the today economic and financial landscape, beside the simple monetary result. What's next? Let's analysise in the following chart idea. Your M-
by itsmcasalinii
Bitcoin and altcoin overview (October 31-November 01)Yesterday, as we anticipated, Bitcoin paused and went into a slight correction. Currently, selling pressure is fairly weak, but for now, we can expect continued rotations within the current volume zone and its boundaries at $73,000-$71,000, with a priority for an upward breakout and a test of the ATH. Buy zones: $70,000-$68,900 (pushing volumes) $67,500-$66,800 (maximum sideways volume) $63,100-$62,500 (mirror volume zone) $60,000-$59,000 (buyer activity) Interesting altcoins: For SXP , below the current prices, there’s a zone of pushing volumes at $0.24-$0.234. If this zone is filled and there’s a buyer reaction, we open a long position.
by Crypto_robotics
1