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BTCUSDT.PS trade ideas

BTCUSDT Long Term Analysis (4H Chart)Technical Analysis Summary BTC/USDT TREND ANALYSIS We have 1 Upward trend in green color (Long Term) Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have 2 support levels that I have mentioned above in the long term. The 4H Support level that is protected by the daily level can be support level to be hit and then let bitcoin move upward to new highs or if broken most probably we will be moving downward to the 40000-dollar mark to reach the greediest level and lowest and most likely go upward from there and is a great place to buy. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White Levels are stop losses or levels and trends that were respected from the past. Yellow Levels are tighter stop losses and generally will be used after trade is in small profit to start lowering the loss in case trade goes against us. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial, please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice
Long
by husseindergham
Bitcoin Market Outlook Elliot Wave Theory (W44/2024) // AlgoFyreThe market is at a crucial point near the all-time high, with potential for both bullish and bearish outcomes. Key levels and possible scenarios are highlighted, with the US election as a significant upcoming event. 🟢 Short-Term Outlook (Next Few Weeks to Months) - Bullish Scenario 🔸 W Structure Bullish Setup : It's October 30th, 2024. The market has formed a "W" structure, indicating strong bullish potential if it can break through the all-time high (ATH). However, as with previous highs, a rejection may occur, with either a minor pullback or a more significant corrective wave. 🔸 Corrective Phase Possibility : If there's an initial rejection, it may simply be a short pullback before another upward push. However, a more profound correction could also follow, pulling the price down significantly before the next bullish attempt. 🔸 Timing Around the US Election : The price action near the election remains critical. A bullish breakout scenario could involve stuttering around the ATH before a sharp move up. Alternatively, a quick retest of the 66,000-69,000 range may precede the next leg upward. 🔸 Bullish Impulse Continuation : If the monthly close appears bullish, expect a strong start to November, potentially with a fifth wave continuation. A possible small pullback could still happen first, but the general outlook leans bullish if these conditions hold. 🔸 Bullish Summary (TLDR): The market may stutter or slightly retrace near the ATH but is expected to continue up if it holds support. A monthly close above key levels could lead to a breakout, potentially resuming upward movement following a short correction. Price action could see some range-bound movement in the next week. Watch for either a quick push-up or a consolidation phase that sets up a bullish continuation post-election. 🔴 Short-Term Outlook (Next Few Weeks to Months) - Bearish Scenario 🔸 Rejection at ATH Possible : At the ATH, the price might face rejection, signaling a possible correction. A large drop toward the 66,000 area could follow if the market fails to sustain above key support levels. 🔸 Bearish Flat Pattern Possibility : The price may attempt another push, then correct down, forming a flat pattern for a B-Wave before a larger decline. A bearish breakdown could target lower levels, specifically near 65,500 if momentum shifts. 🔸 Larger C-Wave Target to 52K Area : If the price rejects strongly, a larger C-wave down could lead to a deeper correction, potentially targeting around the 52,000 level if bearish momentum intensifies. 🔸 Longer-Term Downtrend Risk : With a potential major downtrend setting up for the next year, the market could see extended consolidation or a more substantial correction if the current highs don't hold. 🔸 Bearish Summary (TLDR): A rejection at the ATH may lead to a range-bound correction or a larger move down if bearish pressure persists. The market is likely to stay cautious until after the election, with critical levels to watch around 66,000 and 52,000. 🔶 Key Takeaway The market is at a key resistance level, with both bullish and bearish outcomes possible near the ATH. A strong push upward is likely if bullish conditions hold, while a rejection could trigger a deeper correction, potentially aligning with the election timeline.
by AlgoFyre
$BTC fast correctionBINANCE:BTCUSDT Bitcoin almost updated the high, it was a little short. While the correction is starting, which should go down to 68800-68620, after which we can try to get long. We will monitor this scenario. I don't want to open shorts yet, because the asset is too much hyped up and the season of friends who say “Take bitcoin for now!” is coming. And this fuel can play both ways.😄 For now we expect a correction or consolidation. And we can look out for alts.
Short
by DirectorTradinga
Bitcoin and altcoin overview (October 30-31)Yesterday, Bitcoin continued its upward movement and tested the important level of $72,000. During an attempt to break through, a large number of short positions were liquidated, and we are currently trading within this range. The ATH (All-Time High) is closer than ever, but there is now a chance of a correction. All sell zones have been filled, and the only projected short is possible from current levels. After Bitcoin reaches a new peak, we will only observe predictive liquidations and deviations in delta and volumes. Buying zones: $70,000-$68,900 (pushing volumes) $67,500-$66,800 (maximum volume in the range) $63,100-$62,500 (mirror volume zone) $60,000-$59,000 (buyer activity) Interesting altcoins: For REEF, we are considering a continuation of the upward movement from the zone with volume anomalies at $0.0015-$0.00148 if there is a reaction, or on a false breakout of the $0.01464 level.
by Crypto_robotics
Bitcoin 2024Before the ETF decision, İ told you not to get caught in FOMO. Now i expect consolidation before halving. Prices may fluctuate between around 38.000$ - 48.000$ for a certain period of time, but then may decrease to around 32.000$. Fundamentally, with Fed monetary policy easing, money inflow to the market will increase in 2024 and 2025. My target for 2024 is around 85.000$. I think crypto technology is not at the prices it deserves. It will definitely come to the point it deserves in the future.
by traderisso
1
Bitcoin update, almost near all time highCRYPTOCAP:BTC finally breakout the diagonal Trend line and its now almost near the All Time High trading at 72600$. Now Every is aiming towards 73000$ price if it could break it out or not, we could see a higher selling pressure near ath.. But if it breakout this selling zone the target will 78000$ and then 83000. Everyone asking Why alts coins are not performing even though some of them are dumping while bitcoin is making super surges.. We could see a good relay in alt coin if bitcoin holds above 73000$ then we could see a handsome money flowing into the alts coin that could be a small alt season... I don't have any position open right now, i might try a scalp short trade near all time high, but if you're planning to do the same so keep in mind to marrk stoploss otherwise you would liquidate your account.
Long
by Beyoglu_Analyst
BTC is still maintaining a very STRONG BULLISH momentumHello traders, As i analysed before, the BTC price went to our favor and went bullish hitting targets on the 1H and 30mn charts anfter making some corrections and pullbacks. the BTC is approaching a previous Monthly level of 73907 where price may get rejected and go back to a LH monthly level of 71591 giving short trades opportunities. But if price breakes the 73907 we definitely gonna reach the $90000 level next month as the overall direction and trend is bullish and price was just making corrections the previous weeks accumulating momentum to a strong bullish move. Keep watching and seize the opportunity. Good luck
Long
by YMtradingsystem
The 30mn time frame is offering potential winning trades BTCHello traders, Since BTC reached the 71580 level which was a weekly major level, price started consolidating and being rejected showing a high probability of a pullback towards the 1H 70927 level. If this is the case and price breaks the 70927, wait for a retest and then go short toward the next 1H level of 70297 and then do the same thing if price breaks it downward. The other senario is that if price bounces back from 70927 and can't break it, we might see a rejection from area toward the weekly level 71580. If price breaks that level, wait for a pullback and then go long and look for the next weekly level 73907. Good luck
by YMtradingsystem
Bitcoin (BTCUSDT) - 4H Timeframe - Massive Target Achieved!The Bitcoin (BTCUSDT) 4-hour chart reveals a successful long trade setup, with all pre-determined targets reached. Here's a breakdown of the key technical elements that guided this trade: Entry Point: Positioned at $61,732.3, the trade setup aimed to capitalize on a bullish momentum, as indicated by strong support above the Risological dotted trend line. Stop Loss: Strategically set at $60,316.2 to limit downside exposure while providing room for price fluctuation. Target Points: TP1: $63,482.7 TP2: $66,315.0 TP3: $69,147.4 TP4: $70,897.7 (final target successfully hit, confirming strong upward momentum ) Volume Analysis: The trading volume stands at 56.92K, with an average of 120.91K over the past 30 days, indicating a slightly below-average activity level, yet sufficient to support the trend. Bitcoin's successful breach through each target highlights robust bullish sentiment. Monitoring future price action will be crucial to gauge the sustainability of this trend, especially considering potential resistance levels post-TP4.
Long
by ProfitsNinja