BTC Side Wave consolidation BTC seems to be move in a side wave consolidation. I recount the wave to a Flat correction. We have to wait until this wave finished and then enter the bearish impulse if (and only if) the price proves that the count is correct. by ahmed_fawzyUpdated 665
BTC upside correction It seems that BTC is going to complete the flat correction. It's expected to start the C wave, which is a Zigzag impulse. Note: You are trading in the counter trend, so you have to enter with small amount and tight stop loss. Overall it is expected that the price will go down afterwards to complete the WXY bearish correction. You can enter the trade as shown above. Note: Manage your risk and you have to do it by your own. Good LuckLongby ahmed_fawzyUpdated 6
Positive Correlation between XAU and BTC on Daily Charts!This is not a suggestion or my trading plan! My Trading plan has been already shared with you all in this forum. In my experience we always need to marry fundamental forces with technical projections. We had a newsless week but ending Friday, we had Israel drones or airforce attack Iran? Did you see the pop in prices? From a forex market perspective we only have Crypto or more specifically BTC in operation. Look at its price action because it is positively correlated with Gold on a daily chart basis. BTC will follow the news so that is a good head start for the week ahead. I will post later on Sunday evening my thoughts! Please share yours as well! by ccpudaism0
Scalping BTC using simple S&R analysisThe price is likely to break the resistance at the 67,234 level and retest this area as support. This outlook is supported by the price holding within the range level (marked by the white line) and the presence of strong support at 66,770, which aligns with a previous resistance level, creating a confluence. However, there is still a possibility that the price could be rejected at the resistance. In that case, the price may retest the support or even break below it. Based on current market conditions, the likelihood of this scenario is approximately 30%. I will place a stop-limit buy order at 67235 and stop-loss at 66770. Profit ratio at 1:3.Longby DexterMGarcia3
SasanSeifi| Can We Expect Short-Term Corrections?Hey there, ✌ In the short-term timeframe, we've observed that Bitcoin has surged from the $60,000 range to a high of $69,000. However, following this peak, the price has shown a negative reaction, undergoing a minor correction down to the $67,000 levels after a brief period of fluctuations. Currently, the price has remained in a range after encountering the Exponential Moving Average (EMA) at the $67,000 mark. The significant resistance level ahead in the 4-hour timeframe lies between $67,750 and $68,500. Analysing the chart in the lower timeframes, it appears that the price may be inclined to experience further corrections. If a candle closes below the $66,950 to $66,850 levels, we might witness a price correction down to the demand levels at $65,500, and potentially further to $64,250 to $63,000. Understanding how the price reacts to these levels will be crucial for assessing the ongoing trend. Additionally, if the price faces increased demand and breaks above the established resistance levels, the corrective scenario could be reconsidered. The potential trend is clearly outlined in the chart above. 💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊 Shortby SasanSeifiUpdated 6
BTC SHORTBitcoin short Entry will be 67200 TP: 65900 SL:67480 This analysis is based on the Smart Money Concept Shortby CryptoWilli7
BTC structure is getting weaker in LTF#bitcoin #btc price has been forming a bearish diamond pattern and if CRYPTOCAP:BTC does not manage to breakout this zone upside, then the correction awaits #btcusd .Not financial advice.Shortby naphyse3
Bitcoin Still Targeting New ATHHey there, Just wanted to share an update on Bitcoin. Since March 2024, it has been trading within a 30% range, showing significant consolidation. I'm leaning bullish because Bitcoin has left a lot of untouched liquidity behind, and I believe it's only a matter of time before we break the all-time high. If you've been trading the long side swings, you've likely taken profits from previous order blocks. Interestingly, most traders are ready to go long on Bitcoin above $70,000 instead of taking positions within the current range (if we break immediatly, I would also long it on my Futures Account). Personally, I'll be looking to catch two separate spot buys with different position sizes if the market breaks down. It would be great to see a new low for a better risk-reward ratio. Best regardsLongby umothegreat1
Why Has Bitcoin fallen To $67,000 Range? Explained.Looking at the sentiment below the bitcoin chart CME:BTC1! You can see that the bears are really taking control of the crypto market -- Now this is good for transfer fees, because you can always transfer your Bitcoin at a lower price when the market crashes But if you are also in it to make a profit then this is your buying opportunity. But also note that this could be a sign of a middle market Which is flat.Am thinking investors are stalling with a flat market because they want to wait for the US presidential election outcome in the month of November. Whether you like it or not the election season is a big market indicator especially In crowd psychology.Because of this we can not afford to ignore the market sentiment If you look at the chart what type of market sentiment are we in? Look again at its chart below is the bull bear power.. Analysis of this chart tells you That even though we are in an uptrend.. the bears have taken control. This usually leads to negative comments in the mainstream press. In order to understand the weekly trend you need to understand the rocket boost strategy In order to learn more about the rocket booster strategy check out the references below Rocket boost this content to learn more. Disclaimer:Trading is risky you will lose money wether you like it or not please learn risk management and profit taking strategiesLongby lubosi1
BTCOIN WEEKLY CHARTI don't understand why some of you are panicking. You already know what's coming, and this is what the weekly chart looks like. Nothing is ever 100% certain, but is it wise to be bearish right now? Take a step back and zoom out.Longby Alwayswin_trades1
BTC ShortAfter the flag breakout we are now in the pull back phase. Price should not drop below 0.618 fib . If this happens the flag is invalidated and a crash below 50K is probableShortby stevetambo323
BTC/USDT DAILY TIMEFRAME BTC/USDT Daily Analysis: Key Scenarios Bitcoin (BTC) is currently trading around $67,034 with a minor decline of 1.71%, but remains in an overall bullish trend. The market is approaching key resistance and support levels, offering two potential scenarios for the near-term price action. Scenario 1: Bullish Breakout If BTC breaks above $69,705, it may continue to climb towards $73,768 and beyond, potentially aiming for new highs. The price is following a strong upward trendline, which supports continued bullish momentum. Scenario 2: Pullback and Consolidation Alternatively, BTC may face rejection at $69,705, leading to a pullback toward $60,946. This would allow for consolidation before another upward push, maintaining the overall bullish structure. Conclusion BTC is at a critical point. A breakout above $69,705 could lead to significant gains, while a pullback to $60,946 would be a healthy retracement before resuming the upward trend. The broader outlook remains bullish.Longby ProfitLanderCharts0
Bitcoin is bearish for short termIn my previous update i told you that Im opening short position annd it had been successful trade target has already achieved, I am really sorry to tose who didn't got my message to move the SL and DCA your position. Well current market trend is still in downward direction My third target for short trade is still valid, CRYPTOCAP:BTC will surely fall for 65k$ soon. Bitcoin hit 69500 was not a true breakout, we are considering it as fake out you see it in the image attach below. You might have seen manny influencer are saying bitcoin could fall to 60000$, Yes they are right the impact of that fake could take the bitcoin to 60k$.Shortby Beyoglu_Analyst1
Bitcoin (BTCUSD) - $70k Seems Like A Tough Mountain To ClimbThe potential for a draw @ $70k is still a possible as long as we see Wednesdays low kept in tact. This will be seen as a higher low in the overall bullish structure. by LegendSince1
#bitcoin 's former supports turning into resistancesAfter #tether FUD, #btc CRYPTOCAP:BTC price has made a deep wick then recovered after the news have been denied. Now, red box is the resistance zone in LTF. #bitcoin price also made a bearish double top and it has worked today. If, #btcusd fails reclaiming the red box resistance zone, new minor local lows are expected.by naphyse1
BTC Short Price broke down after failing to break 68K resistance. Pulling back into supply zone on 1 hr chart . Trigger entry once inside .Shortby stevetambo326
BTC/USDT.P Trade setupSwing Trade: if today's daily candle closes confirming the lower high, I would be interested to get into a swing short as we are likely retracing further down for a lower low retest some of the previous broke out areas. However, if in 7 hours and today's candle closes bullish and continues the the trend upwards, then this idea would be invalidated. I would not get into this trade until the this daily candle closes. It is Friday, and price action can get crazy (as you can see for the past few hours lol), trade safely. Shortby Nate369891
BTC DUMP!!!!!! POSSIBLE 45K AND 15KBitcoin recently encountered a major supply zone at the $68,882 level, a price point where significant selling pressure is historically evident. This area has served as a psychological resistance point, with heavy sell orders placing downward pressure on BTC as traders and investors aim to capture gains. The recent high volatility leading up to this zone, characterized by sharp price movements, suggests that Bitcoin’s next moves could be larger in magnitude. In high-volatility conditions, sudden sell-offs are more likely as increased uncertainty prompts rapid exits. Given BTC’s tendency for exaggerated moves following periods of high volatility, an extended downturn is possible if this level holds as resistance, signaling a potential loss of short-term bullish momentum. Breaking key support levels could escalate a bearish turn, with potential price targets descending to $45,000 and even further down to $15,000 if historical trends repeat. Over past market cycles, Bitcoin has seen similar corrections of 50% or more, especially following peaks during bull runs. While this seems severe, it aligns with Bitcoin’s historical behavior after reaching critical resistance levels in oversold markets. Traders and investors are advised to maintain a rational mindset during these corrections and avoid being swayed by emotions, as downturns have been part of Bitcoin’s broader cycles. Focusing on fundamentals and managing positions conservatively can help avoid reactionary decisions during these volatile phases.Shortby AfricanD0071
BTC - Key resistance at $71k could trigger a bull trapI think we are due to experience some key resistance at 71k that will trap bull's as I expect the market to come back down and liquidate bulls by hitting stop losses. I am currently in a long trade from $63k but I am anticipating key resistance at this level. Especially, because it will be the first retest in over 3 months of the level. We are also in the third trending move of this trend from the 52k level. by subtlepapi2
Operator Bull and operator BearOperator or Short covering or long windup makes the trader huge loss as it happens suddenly to protect the it have labels pointed along with PCR based on bars orders03:02by duvvurimaruti0
bitcoin is readi!!!hello dear traders according to the correction that happened recently one of the that most likely scenarios is that with a correction to the demand area and hitting the upward trend line there is a possibility of climbing to the specified points otherwise the trend will be downward in the medium term be sure to the check the necessary elements to enter the transaction because no one is nostradamus Longby nimasoleymannejad1
BTC - 1H Potential fallBINANCE:BTCUSDT has done exactly what we predicted. It rose and caught liquidity over the resistance zone. Now, it's showing signs of a potential fall. Keep an eye on the two support zones on the chart for potential price action signs. COINBASE:BTCUSD Shortby Sober_TradingUpdated 4
Bitcoin (BTC): Sellers Are Showing Dominance, Buyers Struggle...Bitcoin made a smaller push here after that weak re-test we had yesterday. Our gameplan has not changed and we are looking for further movement to lower zones here (after a successful break near re-test zone). While we wait, we see that sellers are showing their dominance each time bulls try to break and form Break of Structures on smaller timeframe, so we wait 👀 Swallow Team Shortby SwallowPremium8