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BTCUSDT.PS trade ideas

HelenP. I Bitcoin can continue to gorw inside upward channelHi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price rose to support 1, which coincided with the support zone and then started to decline. In a short time, BTC fell to support 2, which coincided with one more support zone and some time traded inside. Then, BTC tried to grow, but failed and dropped to the trend line, breaking support 2. After this, the price started to grow inside the upward channel, where it soon broke the 2nd support level again, made the correction, and later rose to support 1. When BTC reached this level, it broke it and rose to the channel's resistance line. After which price turned around and made a small correction to the support zone and then continued to move up in an upward channel. But a not long time ago price almost fell to the trend line, therefore I expect that BTCUSDT will decline a little more, and then continue to grow, thereby making a fake breakout of the channel. That's why I set my goal at 71400 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
BTC/USDT Price Surge: Strategic Entry Points and Profit Targets BTC/USDT Analysis - October 21, 2024 Current Trend : Bitcoin is showing strong bullish signs. With the latest price at 68,342 USDT, it is well above the 20-day moving average (64,235.45 USDT) and the 50-day moving average (61,978.03 USDT), indicating that the uptrend is healthy. Technical Indicators: RSI : Currently at 66.57, there is no overbought or oversold signal. The market appears balanced, which bodes well for the stability of the current trend. MACD : At 1,812.23, with the signal line at 1,308.61, the positive divergence indicates bullish momentum. ADX : At 22.40, the ADX is slightly below the threshold of 25, indicating a trend that is not extremely strong but still significant. Support and Resistance Levels: Support: The closest support level is at 58,946 USDT, where buyers have previously stepped in to drive prices higher. Resistance: The next major resistance level is at 69,519.52 USDT. If Bitcoin breaks through this level, we could expect further upward momentum. Volume: Trading volume is robust at 8,705.56, suggesting sustained interest in Bitcoin at these price levels. Outlook: With solid momentum and technical indicators supporting the uptrend, Bitcoin seems poised to continue its rise unless a major surprise occurs. It will be crucial to monitor the support and resistance levels to adjust strategies, especially as the price approaches these key thresholds. BTC/USDT Trading Strategy Current Setup: Current Price: 68,342 USDT Trend: Bullish, supported by technical indicators. Price Targets (Take Profit, TP) and Stop Loss (SL): TP1: 69,500 USDT Justification: Close to the resistance level at 69,519.52 USDT. Ideal to secure profits before potential significant profit-taking. TP2: 70,000 USDT Justification: A major psychological level, a logical next step if resistance is broken. TP3: 72,000 USDT Justification: An ambitious target for strong trend continuation. Achievable if momentum remains strong and volume increases. Stop Loss: 66,000 USDT Justification: Positioned below the recent significant low to avoid premature exit due to volatility. Represents a manageable loss in terms of risk management. Entry Strategy: Entry Point: Consider entering at 67,800 USDT to maximize the risk/reward ratio. If the price moves up without a significant pullback, enter at the current level with confirmation of strong momentum (e.g., rising MACD, RSI > 60). Risk Management: Position Size: Risk no more than 2% of total capital. Continuous Monitoring: Keep an eye on RSI and MACD for any signs of weakness or divergence that might indicate a potential reversal.
Long
by Smart-Tradings
Bitcoin (BTC): Price At Major Resistance Zone / RSI is StableBitcoin on a weekly timeframe has reached the major resistance zone. While Bitcoin is at that zone and we are looking for some major moves to happen soon (downward movement), we have one slight concern here, the RSI. RSI is stable while marketprice is near ATH zone (where previously when price was near this zone we were in overbought zone with RSI), so our gameplan is next: We want to see a possible quick liquidity grab to upper zones and then a sharp rejection where sellers will dominate every zone on the way down! Swallow Team
Short
by SwallowPremium
25
What do you think will happen to btc?our trend is upward, as you can see, and our priority is a long position in the direction of the trend, but we can do a little risky work, why? 🤔 The candlesticks are telling us that Rondo is weak. Also, there is a strong daily resistance area that has hit it and started to fall. We could get a reaction or if the channel is broken, I think it is possible to open a short position, but you have to save profit very soon, at least r2, and I have specified the supports that I think can react. If your strategy gives you a short position, I think you should open it with low risk. Because you did not get the approval of the change of the process😶‍🌫️ stay alive.🫡 ⚠️ Do capital management ⚠️
Short
by parsa_xa
BTC Trapped? Or Ready For Another RunSince hitting its high in March around 75k BTC has been trapped in a megaphone consolidation pattern. Locally we have been trapped between 49k and 70k. There is no way to know if the pattern will continue but the longer it goes on the more likely it is to brake. Current trading plan is to stick to the short side until the pattern brakes showing a clear sign of strength. Higher prices are certainly obtainable but since reaching that forcasted higher we have been in a down trend that simply hasn't ended yet. If the pattern continues and that is a big if we would expect another lower low. Looking at the volume profile we see a large low volume gap between 45 and 55K. 49k may be a sufficient low. It was a near perfect 38% retrace to the last low of 25k. If we head lower the value area high around 45k would be just above the most typical retrace of 50% creating a reasonable target area if there is more down side. Current Trading Plan: Continuing to target downside moves until the previous swing high of 70k is clearly broken with more than a wick and targeting the 45k area. The longer we consolidated WITHOUT dropping the more likely it is that sellers have been absorbed and 49k is as low as we will see. Trade Well.... Your Friend, Degen
Short
by Degen-Dynasty
Market overviewWHAT HAPPENED? Last week, we implemented one of the scenarios we noted for bitcoin – we consolidated above the zone with anomalies along the delta and continued the upward movement. WHAT WILL HAPPEN: OR NOT? At the moment, we’re close to significant levels where the seller can prove himself. There is also a weakness of the buyer – the highs are updated weaker and weaker, so there is a possibility of a sharp corrective movement. We draw attention to the important buy zone of $66,000-$65,100 (volume reaction), from which we can get a rebound in the development of this scenario. A continuation of the upward movement from current prices is also likely, but joining it looks dangerous. The main scenario remains long-term, there is a high probability of an ATH update in the coming weeks Buy zones: $66,000-$65,100 (volume reaction), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone). Sell zones: $70,000 level (seller market activity), $72,000 level (seller market activity). IMPORTANT DATES Macroeconomic events this week: • October 23, Wednesday, 13:45 (UTC) — publication of the decision on the Canadian interest rate; • October 23, Wednesday, 14:00 (UTC) — publication of a report on home sales in the US secondary market; • October 24, Thursday, 12:30 (UTC) — publication of the number of initial applications to receive US unemployment benefits; • October 24, Thursday, 13:45 (UTC) — publication of the index of business activity in the US manufacturing sector and the index of business activity in the US services sector for October; • October 24, Thursday, 14:00 (UTC) — publication of the report on new home sales in the USA for September. *The post is not a financial recommendation. Make decisions based on your own experience.
by Crypto_robotics
BTC over 70K???In my previous post, I have predicted the continuous downtrend of BTC. Many people are getting hyped up over if BTC will reach 70K or not: some are expecting a breakout this week while others don't. While the price of BTC rose above the upper level of the downtrend(marked as a black line), it has met a resistance at 69.4k which was my entry price for short. And though I cannot tell certain (like everyone else), I can only guess there might be a support in 68k if the price keeps dropping where numerous price actions have been seen in past few days. The more obvious support level, however, will be 67.7k, which is the upper level of the downtrend which will now act as a support level. So if the price hits this level, I can only imagine major price actions will happen. Of course this doesn't really tell us anything about the future: the price could continue to drop after the consolidation, or it could gain the rebound momentum and rise up again. Nobody knows the future, really, it is up to you to decide: long or short. But most important thing is, in my opinion, is NOT to predict, but to react. My prediction for short was based on the knowledge that BTC has met the resistance level and therefore will certainly show some actions, even if it will eventually continue the breakout. So I won't be mad if BTC rises again, because it's still a win for me, though it was smaller than what it could've been. Remember: react, not predict! That's how we make money in this field :)
Short
by QJEEE