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BTCUSDT.PS trade ideas

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
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
Bitcoin (BTC): Price at ATH! / Possible Liquidity Hunting + DropBitcoin has nicely reached the all-time high zones, which was our target from yesterday’s plan. Now that we’re in this zone, we’re looking for potential liquidity sweeps to occur, as well as any signs of weakness. If we see these indications, our expectation is for the price to retrace, filling the CME gap and normalizing the RSI, which is currently in overbought territory. As anticipated, a "buy the rumor, sell the news" effect appears to be what is driving this most recent price increase. Swallow Team
Short
by SwallowPremium
3
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
BTC MAJOR CYCLE TOP ALMOST IN?! After Bitcoin (BTC) finally broke key resistance after 228 days, there is an opportunity to achieve a new all-time high (ATH), which I estimate could reach between $86,000 and $91,000. The current structure of BTC indicates that we are in an ending diagonal, suggesting that we are approaching the end of the current bullish trend, which has lasted for 708 days and is expected to continue for another 70-90 days. Fibonacci Targets fpr major top! Assuming we are indeed in the final wave, Fibonacci targets between -0.236 and -0.382 (based on waves 2 to 3) may come into play, unless this wave becomes extended. Given the current structure, these levels appear achievable within the ongoing cycle. Expected Correction and reversal trend After reaching these targets, I anticipate a significant decline, with a final target between $30,000 and $40,000. My main target is the golden pocket(0.618 fib), but BTC often extends to the .786 fib level ($30,000), further supporting the possibility of larger corrections. Reasons for Trend End Ending Diagonal: BTC is currently in an ending diagonal formation, which typically signifies the end of the prevailing trend. Divergence: There is a substantial bearish divergence forming on both the daily and weekly timeframes, which is almost impossible to invalidate. This divergence serves as a critical indicator of weakening momentum in the current bullish trend. Conclusion In light of current developments, BTC appears to be nearing a key peak, and the outlook for growth remains positive. However, traders should remain cautious and monitor key resistance and support levels, considering potential corrections that may follow after reaching these important Fibonacci targets. Disclaimer: ⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
Short
by RhinoAkaBear
1
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
BTC ANALYSIS REVIEW"As anticipated, BTC offered a solid buying opportunity after breaking through the order block. I entered the trade following a confirmed break on the 15-minute timeframe, with a retest and rejection on the 5-minute timeframe. My stop-loss is positioned below the swing low, with the target profit near the next upper order block. I've already secured 40% profit at a 1:2 risk-to-reward ratio, and I plan to fully exit at 1:5. Follow for more trade insights and setups!"
Long
by munmeeth
Bitcoin to 74k today !I think today might be the day we actually see new all time highs. Am already in a long position from a day ago and scaled in last night. If anyone wants to hop on, I think now is probably the last opportunity one will get before take off. A stop below 70,800 should be sufficient. All timeframes are pretty much bullish. Next hr we'll likely get a big candle to the upside...if it is that market actually wants to go up. Take profits areas and position size % are on my chart
Long
by Filnft
1
Weak Impulsion in BTC's UptrendBitcoin Showing Weak Impulsion to Continue Uptrend, But Buy Opportunities May Await Analysis by BIDASKMAGNET Institute for Analysis Bitcoin’s recent market movements are displaying signs of reduced impulsive strength, leading to cautious optimism among traders and investors. The BIDASKMAGNET Institute for Analysis has highlighted that, despite weaker momentum in the uptrend, buyers should maintain a watchful stance for potential entry points in the near term. Weak Impulsion in BTC's Uptrend Over recent trading sessions, Bitcoin has struggled to sustain significant upward momentum, with price action showing lower highs and increased resistance at key levels. This weakness in impulsion suggests that, while the broader market sentiment leans bullish, current conditions might not fully support an immediate uptrend. BIDASKMAGNET Institute points out that BTC’s inability to breach established resistance zones indicates the presence of substantial selling pressure. Reasons Behind the Weak Impulsion Market Liquidity Concerns: With a shift in institutional interest, the liquidity driving Bitcoin’s upward momentum appears slightly dampened, making it difficult for the asset to power through established ceilings. Macroeconomic Factors: External financial pressures, including inflationary concerns and central bank policies, have recently impacted crypto markets, contributing to Bitcoin's reduced upward drive. Profit-Taking: Following recent gains, many short-term holders are likely cashing out, which adds to the selling pressure and challenges Bitcoin’s price progression. The Importance of Waiting for Buy Opportunities According to BIDASKMAGNET, despite the limited impulsion, Bitcoin still presents buying opportunities, especially for long-term holders and those seeking advantageous entry points. The recommendation is for buyers to exercise patience and monitor technical indicators closely, as the current market structure suggests that Bitcoin may retest lower support zones before resuming a more definitive upward trend. Conclusion Although Bitcoin is exhibiting weak impulsive energy to sustain its uptrend, BIDASKMAGNET Institute advises a “wait-and-see” approach, suggesting that buy opportunities may emerge if Bitcoin consolidates at key support levels. Traders and investors should monitor these levels closely and consider this analysis as part of a broader strategy to navigate the volatile crypto landscape.
Long
by BidAskMagnet
BTC - RAG- GPT4o. C.L.85%. Of course NO ESSENTIALInvestment Thesis Given the current market conditions for Bitcoin (BTC), we are positioned to capitalize on short-term price movements over the next 14 hours. The recent bullish momentum, combined with technical indicators and market sentiment, suggests potential opportunities for scalping. Data Analysis Open Interest: Currently high, 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, while low liquidation levels provide a cushion against 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: Binance Research Analysts CryptoQuant Experts Analysis: The consensus among experts emphasizes monitoring key resistance levels and considering long positions as LTC 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. Sentiment Analysis Sentiment Score: 75%, indicating a predominantly bullish sentiment towards Bitcoin. Top Crypto Sentiments: Reflecting optimism among traders. Implications: A favorable environment for long positions, as positive sentiment can drive further price appreciation. Technical Analysis RSI (Relative Strength Index) Daily Chart: 69.0800, indicating overbought conditions. 15-Minute Chart: 53.5900, suggesting a neutral position and potential entry point for new trades. MACD (Moving Average Convergence Divergence) 1-Hour Chart: Showing a bullish crossover, reinforcing the potential for upward movement. Bollinger Bands Current Price Position: Approaching the upper band at $71,452.91. Implications: A breakout above this level could lead to further gains, while failure to break could result in consolidation or pullback. Support/Resistance Levels Support: $70,152.95. Resistance: $71,452.91. Analysis: A break above resistance could trigger additional buying, while support provides a safety net against significant price drops. Moving Averages MA10: $71,200. Interpretation: Price above MA10 suggests a continuation of the bullish trend. 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 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 various timeframes suggest potential upward momentum, with key resistance levels at $71,452.91 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: OPEN_LONG Confidence Level: 85% Current Price: $71,263.37 Stop Loss: $70,100 Take Profit: $72,500 Exit Point: $72,000 Entry Criteria RSI: Below 50 indicates potential upward movement. MACD: Bullish crossover. Price Position: Above MA10 suggests continuation of the trend. Current Indicators: RSI: 69.0800 MACD: Bullish crossover confirmed. MA10: $71,200 Action Plan Monitor the Price Closely: Breakout Strategy: If Price Breaks Above $72,000: Action: Open a long position. Adjust Stop Loss: Tighten the STOP_LOSS to $70,700 to minimize potential losses. Take Profit Strategy: As Price Approaches $72,500: Action: Consider taking profits. Adjust Exit Point: Move the EXIT_POINT to $72,000 to secure profits. Risk Management: Set Stop Loss at $70,100 to limit potential losses. Take Profit at $72,500 to capitalize on expected price movement. Exit Point at $72,000 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.
Long
by titankarma
3
Bitcoin and altcoin overview (November 01-02)Yesterday, Bitcoin reached the lower boundary of the volume zone at $71,000 but showed no reaction and consolidated below this level. Currently, we are in a local downtrend and have already approached the nearest buyer zone at $70,000-$68,900 (push volumes). For now, the scenario of a quick update to the all-time high is on hold. At this moment, there is no strong reaction from buyers, so even if a bounce occurs, we expect a resumption of the downtrend from new selling zones. Selling zones: $71,000 (lower boundary of the large volume zone, mirror zone), $72,000-$73,000 (area of volume anomalies). Buying zones: $67,500-$66,800 (maximum volume of the sideways movement), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity). Interesting altcoins: For BICO , we’re considering two short-position scenarios: (1) consolidation below the volume zone of $0.225-$0.217, with a short on the retest, and (2) a false breakout of the local high at $0.2357.
by Crypto_robotics
Bitcoin Channel Breakout!BTCUSDT has finally broken and closed above the downward channel that has been forming since May. This move, when viewed in the bigger picture, resembles a bullish flag pattern, typically a trend continuation signal. We've seen a similar pattern recently in the gold market. After such breakouts, it's common for the market to lose some momentum and produce a pullback to retest the channel border and upward trendline. Additionally, the price action is forming an AB=CD pattern, with the completion point expected around 72,000. This setup offers a strong opportunity for continued bullish movement. The target is the resistance zone around 72,500
Long
by RTED_Investing