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BTCUSDT.PS trade ideas

BTC Quick Update: Bull Flag Breakout in Sight, Targeting $80k!Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! Welcome to this quick BTC Update! BTC is currently trading around $67.5k and moving within a bull flag structure on the 4-hour time frame. A breakout from this flag is still pending, and there’s a chance we might see a brief drop to FWB:65K on Monday before a breakout occurs. Once this bull flag breaks, the target is set at $80k. Entry Range: FWB:65K -$66k Target: $80k Invalidation: 4-hour close below FWB:65K What do you think of BTC’s current price action? Are you seeing this bullish setup as well? Share your analysis in the comments, and let’s ride this wave together!
Long
by CoreCrypto1
ARE WE HEADED FOR ALL TIME HIGHS ? MY NEXT PLAYS Bitcoin has closed above a critical trendline. Why is this trendline significant? Because it has historically acted as strong support, repeatedly rebounding price. The question now is whether we'll see a retest before reaching all-time highs or if it will surge straight to new levels. Let’s watch how the price action unfolds. For my next move, I’m looking for a retracement followed by a continuation setup. For any of these plays, I want to see a flip in structure on the 10 - 15minute chart or higher before entering. Let’s be ready! Make sure to follow for regular updates and insights! 🔔💡 🔔Enquire for 121 lessons / academy #500FOLLOWERS 🎉 #500GIVEAWAY 🎁
by Trade-Journal
1
ANALYSIS | Crypto by MARKET CAPAs of time of posting, according to a reliable website the top 10 cryptocurrencies by market cap are as follow: 1) Bitcoin / BYBIT:BTCUSDT 2) Ethereum / BINANCE:ETHUSDT 3) Tether / COINBASE:USDTUSD 4) Binance Coin / BINANCE:BNBUSDT 5) Solana / BINANCE:SOLUSDT 6) US Dollar Coin / KRAKEN:USDCUSD 7) XRP / BINANCE:XRPUSDT 8) Dogecoin / BINANCE:DOGEUSDT 9) Tron / BINANCE:TRXUSDT 10) Toncoin / OKX:TONUSDT 11) Cardano / BINANCE:ADAUSDT 12) Avalanche / BINANCE:AVAXUSDT You can find and track this easily by searching "Cryptocurrencies by market cap" or something in that line. On the charts you will see the king - Bitcoin, as well as TOTAL (total cryptocurrency market cap) which is currently at 2.28T, and at the bottom right TOTAL3 (total cryptocurrency market cap without BTC and ETH), currently at 6.19B. It's important to note that BTC determines the general direction of the altcoin market, but Cryptocurrencies do not necessarily move together with traditional assets such as stocks. That's why it's important to determine the macro trend before trying to analyze any individual coin. This is especially true for crypto's with a higher market cap. As you begin to look at altcoins that have smaller or micro market caps, they tend to dump/pump unexpectedly without moving together with BTC. You'll often notice that the top 5-8 alts have similar chart patterns to BTC. Although they do still move within their unique support/resistance zones, it's safe to say that when you see a H&S on Bitcoin, you'll probably see it on the large-cap coins as well. I will say this - it's not the case for XRP and ADA. (I'm surprised to see they still hold such high positions in the ranks and I have a hard time identifying the potential reason for this other than old bag-holders/cult following). With this info, you can conclude to a range of different outcomes, including but not limited to: 🥠 Using crypto as a hedge against traditional assets 🥠Using microcaps as a hedge against BTC 🥠 Microcaps carry more risk That all being said - trading is risky, and crypto particularly more so. Even hedging doesn't guarantee safety when it comes to crypto. ____________________________
by CryptoCheck-
BTC- Thesis AIInvestment Thesis As a trader specializing in intraday scalping strategies for Bitcoin (BTC), the current market conditions suggest a bullish sentiment, supported by recent financial data and technical indicators. The price of BTCUSDT is currently at $72,330.3900, with a trading volume of 15,869.8400. The long-short ratio indicates a strong bullish sentiment, particularly in the 1-hour and 15-minute intervals, where long positions outnumber short positions. Given this context, it is advisable to maintain your long positions while closely monitoring for any signs of reversal or significant resistance levels. 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. 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: 85% Current Price: $72,330.3900 Stop Loss: $71,000 Take Profit: $73,000 Exit Point: $73,500 Entry Criteria RSI: Below 40 on the 1-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 $73,000: Action: Consider taking profits. Adjust Exit Point: Move the EXIT_POINT to $73,500 to secure profits. Risk Management: Set Stop Loss at $71,000 to limit potential losses. Take Profit at $73,000 to capitalize on expected price movement. Exit Point at $73,500 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.
Long
by titankarma
btc down now Current market conditions indicate a potential downtrend for Bitcoin (BTC) against Tether (USDT). Key factors suggesting a short position include: Technical Resistance Levels: BTC has recently encountered strong resistance at the $30,000 mark, with repeated failures to sustain upward momentum. This suggests the possibility of a reversal. Overbought Indicators: Several technical indicators, such as the RSI (Relative Strength Index), are showing overbought conditions, indicating that a correction could be imminent. Market Sentiment: Recent sentiment analysis reveals a growing bearish sentiment among retail investors, often a precursor to downward price movement. Fundamental Factors: Potential regulatory concerns and macroeconomic conditions could impact market confidence negatively, further pressuring BTC prices. Volume Trends: Decreasing trading volume during upward price movements points to weakening buyer interest, increasing the likelihood of a price pullback. Given these factors, initiating a short position on BTC/USDT may align with current market trends, but it is essential to set stop-loss orders and manage risk appropriately.
Short
by farzadzeraatkar
BTC and SOL Form Bullish Cup and Handle PatternBINANCE:BTCUSDT and BINANCE:SOLUSDT technical analysis update. BTC and SOL are showing similar chart patterns, each forming a cup and handle. Currently, both SOL and BTC prices are trading within the handle, moving toward a potential breakout. If this breakout occurs, we could see a strong bullish move in both assets. SOL has already risen 2600% from its bottom, and a breakout could potentially lead to a further 200-500% increase. BTC, on the other hand, has gained 360% from its bottom, and a breakout from this cup and handle pattern could yield an additional 100-200% upside.
Long
by HexaTrades
BTC Making Double TOP pattern its time to sellIn April of 2021, Bitcoin reached a significant peak. In November, 210 days later, a technical double-top and a slightly higher high were reached. Volume rose before the first high towards April 2021. A decline in volume preceded the second high towards November 2021. In 2024, increasing volume anticipated the first high that reached March. Volume declined before to the second high in October 2024. ➣ A significant fall occurred after the higher high/double-top in November 2021 (the declining volume was a powerful telling indication). ➢ Only whales are now trading (no retail) in the October 2024 lower/higher high/double-top, which has extremely low volume and extremely limited market involvement. Will there be a significant drop following 2024's second high. I prefer sell now and SL with be 76000 and profit target should be 62000.
Short
by limitissky77
Bitcoin broke outCongratulations to investors still holding! Well done one and all. I’m happy to be here too. I am new to this bull run and bought august thru the new year of 2024. I hope this chart passes through our Mods and is seen as a fun celebration of the day….today was fun as all damn get out. The retest is behind us and we have four exponentially larger candles in a row going in the correct direction! Technical Analysis: If we could all draw our attention to the left handed middle fingers…the high to low that this finger has created (as terrible as it has been) is thankfully a decreasing percentage, particularly notable in the September range. There is a tiny, faded fu in early October and a similar sympathy dip in the third week but the strength of the asset is starting to flex. FASB rule revisions are now just around the corner, the ETF’s have held it down likely as long as they can for at least a few months and I really think it’s a time to celebrate. Seriously, congratulations good people! The last indicators I’d like to highlight are the lines through the hands. These are key. The top line that kisses the tip of my middle finger is of course the bottom of the BTC range but the line that connects through our knuckles clearly shows a hockey stick formation…likely made of hickory. I thought it best to throw some speculation on the chart in case I needed an out for anyone thinking this is financial advice. It is not financial advice. Follow the trend you see. Take care all, MR
Long
by Mr_Robbers
1
Bitcoin: The Last Correction Of 2024Bitcoin produced a lower high 21-October compared to 29-July. It was moving up within a rising channel and as soon as it approached 70,000 it faced strong resistance. The peak price hit on the inverted correction was 69,555 and then a minor three days drop. Yesterday we saw a strong green candle, one more shakeout, another market move intended to liquidate over-leveraged players; volatility and for some even hope. The fact that today's session is full red and fully negates yesterday's bullish action is extremely bearish. It confirms that yesterday was a fake rather than natural move. The bearish action today confirms the charts bearish potential and we can expect lower prices. We can also know Bitcoin is moving lower when we look at #2, the merge. If you consider Ethereum, it is trading super low and Coinbase continues to buy billions worth of ETH and load it up on its exchange. These ETH are not being bought to push prices up, it can't be done, these are being bought to sell to the masses at very low prices when the bottom hits. They have huge demand and they have been preparing for months. We can say they are ready though and this gives us a warning that the wait is over for this dip. Other pairs in the Crypto-giant group are also bearish. This is revealing because they move together with Bitcoin. Since they move together with Bitcoin, being bearish means that Bitcoin is also bearish. The DXY is bullish and it works against Bitcoin and thus we have another confirmation. Bitcoin was bullish for 77 days. 77 days is a long time in Cryptoland and yet, even after this long time Bitcoin produced no new higher highs based on the charts bigger structure, this is a sign of weakness. It is not weakness in the sense of Bitcoin being fundamentally weak but weakness in the sense that the price rise was something momentary, a bounce from the August major low rather than a bullish impulse. A bullish impulse would go to new highs and produce higher highs and higher lows. An inverted correction would be weak, produce no new highs and then crash massively. This is what we are seeing. Some people might not be convinced even after 7 months of the same. The last bullish wave lasted 77 days but it has been more than 7 months since Bitcoin started to move lower. It crashed to $49,000 in early August after five months of bearish consolidation. We are about to experience the second drop and this will end the correction. After the correction is over, up we go. The market is likely to feel Bitcoin's crash strongly, at first, but then it will recover pretty strong. Those pairs that are already low can recovery within hours or days. Those that are mid-way can recover within weeks. Those that are trading high up, can take months to recover and that's the main three variations we will get. The crash wick can be recovered super fast but after this initial fast recovery the action will then turn slow. You will literally see Bitcoin crawling up slowly for months, say 3-5 months. Only after this major, long drawn-out bullish consolidation we will see strong growth. People will get bored, leveraged traders will get killed always expecting a big and major move, we will be watching and sharing everything that is happening with you. The market ranges most of the time and only for short periods of time it goes into a trend. The big and easy money is made by joining this trend. A massive opportunity will open up soon, new lower prices, the lowest in years. This will be great. New energies, new vistas, new people, new feelings, new potentials, a new cycle; growth. Get ready for 2025, because we are about to witness the last correction of 2024. Namaste.
Short
by AlanSantana
12
#BTC Can it challenge ATH this time?📊#BTC Can it challenge ATH this time? 🧠From a structural perspective, the goals of the bullish structure of the cup and handle have all been achieved, but the long target at the daily level has not been fully achieved, so there is a possibility of continued rise, and it is only about a thousand dollars away from ATH. But we are indeed in the resistance zone, the risk of chasing the rise is very high, and the profit and loss ratio is not good. ➡️If you want to short, there is no short structure here, so there is a contradiction, so continue to be patient and wait and see. ➡️If you hold long orders according to my previous posts, then you should choose to take all profits in this overlapping resistance zone to prevent a large retracement of profits. 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
The $100,000 Bitcoin Chase: Can You Catch It?Hello traders, It's been a while since BTC reach all time high $73000 spot. As you traders notice that price started making all those LH, HH and even LL making the market in a state of uncertainty. In fact, the BTC market is accumulating a very strong momentum making ready to skyrocket at time especialy at this time when Gold is making superbe HH. I am seeing Bitcoing nothing but going forward the golden spot $100000! Keep a close eye on the market and never miss the great opportunity when it comes. Good luck!
Long
by YMtradingsystem
Whale Indicator ($2300 Revenue Available, Congratulations)Hello, I'm Whale Signal Here's a quick recap of the Bitcoin trading ideas I shared in Trading View yesterday Bitcoin is forming a triangular convergence pattern, and we need to closely monitor whether it breaks through the upper resistance line or deviates from the lower low based on the important sell-off. We've explained that, and we've shared some of the main sell-offs that you must check for that As a result, Bitcoin broke above the top of the trend, supporting the main resistance stand within the triangle convergence pattern Following the retest, additional gains were made using the main selling point as a springboard, and the opportunity to realize $2,300 in revenue was provided One thing that's unfortunate is that if a clearer retest had been made after the breakthrough, more people would have easily earned profits In fact, some of those who expected a retest missed the opportunity, but those who entered after seeing the breakthrough rise must have made a good profit because they clearly broke through the sale table and closed it immediately Congratulations to those who responded flexibly as Bitcoin broke through the main selling point and met the rising conditions <> Yesterday, I made the first purchase in the retest section of triangular convergence, and after the breakthrough of the sale table was confirmed, I added the second purchase of burning, and I am currently proceeding with the partial next day The remaining holdings are holding in anticipation of further upside, with the price of StopRose set at the price of the buy We are currently expecting further rise and are waiting for TP2 (target to reach 2) Looking at the price range, we're looking at the early-mid 72K, and you can find the specific price target in the real-time chart link below The next inflection section could be a very important point for futures traders, so be sure to check it carefully *I don't share a point of view. It's a personal opinion, and the whale indicator simply points to support and resistance. I hope you guys take a RBI single through the whale indicator in your analysis* *For more detailed analysis and real-time updates, please check the real-time chart sharing guide link below* <> 1. The whale indicator simply points to support and resistance 2. Please refer to the whale index to find a trading RBI suitable for your analysis 3. The shape
by Whale_signal