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BTCUSDT.PS trade ideas

Bitcoin can reach resistance line of channel and start to fallHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price some days ago entered an upward channel, where at once it made little correction and then rose to a support level, which coincided with the buyer zone. Then BTC broke this level, after which made a correction to the buyer zone, and then BTC made an impulse up to the resistance line of the upward channel. After this movement, the price turned around from this line and then started to decline to the 58900 support level, which coincided with the support line of the channel. Later BTC rebounded and continued to move up inside the upward channel and some time later reached the current support level, which coincided with the support area. Price rebounded from this level and made a correction below, after which made an upward impulse to the resistance line of the channel, thereby breaking the 69500 level. But a not long time ago it started to decline, therefore I think that BTC can grow to the resistance line and then drop below a current support level, breaking it and continuing to decline. For this case, I set my TP at 67000 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
BTC/USDT LOCAL Short SignalI'm observing a bearish trend on BTC/USDT. Bitcoin has broken through a significant support level around $67,606, indicating potential further downside. The setup is clear, with an entry just below the support level, aiming for a substantial move lower. Bitcoin has shown continued selling pressure, with lower highs and lower lows, indicating a downtrend. The breakdown of support aligns with this trend, suggesting a continuation of the bearish momentum. This trade follows the momentum, aiming to capitalize on the downward move. Disclaimer: This is not financial advice. Please conduct your own research and use appropriate risk management in trading.
Short
by HedonistTrade
2
BITCOIN| Smaller Timeframe | Deadcat bounce?BTC has recently broken through a key supply zone, making a strong push to reclaim its previous highs. On smaller timeframes, indicators show a pronounced bullish trend, but higher timeframes paint a more cautious picture. The Relative Strength Index (RSI) stands at 82%, signaling an overbought condition that may foreshadow a correction. Volatility, meanwhile, is holding at a moderate 50% on a smaller 5 MIN timeframe, suggesting that BTC isn’t facing extreme price fluctuations—for now. This combination of high RSI and moderate volatility reflects a moment of tension, where the current rally’s sustainability is in question. Will BTC hold its momentum and break back into its previous range, or is it time for investors to secure their gains from recent months? Adding to the uncertainty, global news flows could potentially influence BTC’s next move. With world events often impacting investor sentiment, it’s worth considering whether developments on the economic or regulatory fronts might shift the current bullish trend. As BTC continues to test its limits in this overbought zone, it remains to be seen if this is a breakout with staying power or a moment to capitalize on recent gains. For now, BTC stands on the edge, with time—and perhaps global factors—ultimately deciding its direction.
by ifro09
2
BTCUSDT 📉 BTC/USDT Analysis Update 📉 The market is currently forming an ending diagonal pattern, which has yet to complete, creating a sense of tension and uncertainty. Given the current setup, I have two possible counts for BTC's next move, and it's unclear which direction will prevail. Therefore, I’m holding off on opening a short position until I see a clear breakdown. 🟠 Bearish Scenario - Red Path The first scenario involves BTC breaking down from its current level. A move below $75,600 would confirm this breakdown, signaling the start of a correction. In this case, the target zones would be between $71,000 - $72,000. 🔵 Alternate Scenario - Blue Path Alternatively, BTC might make one more push higher into the $77,200 - $78,200 range before starting its downward correction. This would allow for a deeper, more complete pattern before a potential reversal. 📉 Risk Assessment Right now, the setup is like a double-edged sword—taking a short position with a stop-loss at the recent high carries significant risk. There's a 50% chance of getting stopped out by a quick spike above the current level before a reversal happens. The declining volume and numerous bearish divergences on multiple timeframes (15m, 1H, 4H) support the idea of an imminent correction, but this doesn’t rule out the possibility of a quick 2-3% rally before the correction takes hold. 📝 Plan I’m waiting for a breakdown confirmation below $75,600 to confidently enter a short position. Until then, I'll be cautious, as BTC could still make a final upward move, driven by low volume and divergences. 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 📊 Join our trading community on Telegram for live updates and insights: Market Mavens - t.me 🧠
by RhinoAkaBear
4
Patterns of Emotional Wallet DestructionHello Monstralians, The chart highlights three distinct patterns that reveal common emotional responses among traders and investors. A clear parallel can be drawn between these patterns and the behavior marked by the Greed and Fear Index, which shows similar levels of sentiment across the board. Currently, there's a noticeable sense of boredom and lack of motivation for investment in the market. Long-term investments are dwindling as participants increasingly question the credibility of the crypto market . This growing skepticism is also leading to a loss of hope in altcoins. Some traders, facing small losses, are selling off their assets in anticipation of even lower prices. Meanwhile, others are turning to futures trading with high leverage , hoping to profit from the market's low volatility. However, this range-bound market is causing many traders to make significant mistakes, often neglecting proper money management practices in the process. Despite all the negativity , the TA tells me that this is a bullish pattern and the target is 80k.
Long
by Monstralian
4
HelenP. I Bitcoin will break trend line and fall to support zoneHi folks today I'm prepared for you Bitcoin analytics. If we look at the cart we can see how the price fell firstly to support 2, which coincided with the support zone, and then at once rebounded up. After BTC rose a little, it turned around and fell to the trend line, and then started to grow, making a fake breakout of support 2. Later, BTC in a short time rose to support 1, which coincided with the support zone and even entered to this area, but soon turned around and dropped to the trend line. Soon, the price broke this line and then started to grow below the trend line, until it reached support 1, after which BTC rebounded down again. After the price made a correction, it turned around and quickly rose to support 1, broke this level, and continued to grow to the trend line. When the price reached this line, it broke it and then rose a little higher, but recently turned around and fell to this line. Now, the price is growing near the trend line and I expect that BTCUSDT will rise a little and then drop to the support area, breaking the trend line. That's why I set my goal at 69300 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
6
BTC before final moments: ready to jump? (1H)Hello, fellow traders! I want to share my thoughts on BTC. Looking at the 1H chart, we see the price has recently touched the weekly resistance line. It is now hovering just above the line instead of breaking out, which is ideal. I've adjusted the time of the US election and Federal reserve interest rate announcement based on where I live. The US election is scheduled on the 5th and the initial result will most likely be available before the day ends. Even if it doesn't, general projection would be informative enough to stimulate the market to move accordingly. Western states including California will be the last to close the polls and start processing the votes, but it's likely that the outcome become clear enough before they even finish the process. So my guess is the market would already start moving by 10-11PM (ETZ) since market tends to move ahead based on assumptions. This is around 6PM of 6th in where I live. If the vote process takes longer (because of the close race or whatever other reasons) than usual, it might take additional 2-3 days which would cause a lot of volatilities that would eventually abate as the result becomes more comprehensible. I also want to address the US federal reserve interest rate announcement which is scheduled this Thursday - just after the election. This will again impact the crypto market heavily - many are expecting the rate cut for economical growth and if this is true, chances of BTC bull run will definitely increase. Many are predicting BTC to reach ATH, even up to 90k, 100k, 1m, and some are saying that the bull run will begin no matter who becomes the next potus. Back to the chart, we see price slightly rebounding as it touches the weekly resistance line. However, the breakout of the downtrend (marked as a red line) is yet to happen. If the outcome of this election and the interest rate announcement come out favorable to the market, I can only imagine a breakout, then a bull run starting with big momentum. I've read a lot of posts, comments and news about BTC, I see some saying the halving will begin after the election, others saying BTC will double - interestingly both side had evidence to back them up. Maybe both are true! I don't think we can comfortably rely on the past data. People have different strategies, different experiences, resulting in different conclusion. What I understand though is nature of market movements - it moves according to the psychology. And the outcome of the upcoming election and change of interest rate will definitely either encourage people to invest more or withdraw their investments. Conclusion: My strategy for BTC is if the breakout (of the red line) occurs and both election and interest rate come out favorable for the market, I will enter LONG. All the hypes around BTC, current election predictions, news about rate cut really give us the excitement but I don't want to assume anything yet. I'm just hoping the timing of the breakout aligns with these two events to maximize momentum. Frankly, I'm looking forward to seeing the results but I'm also not going to try to predict them because I've been wrong many times and have learned from those experiences not to make predictions. Instead, I will react. If the market moves opposite direction, we'll just simply enter opposite position and take profit. It's that simple.
Long
by QJEEE
2
Examining Support at $68,500 and Resistance at $70,600🔹 Market Overview: Bitcoin has managed to hold the significant support level at $68,500 after a recent struggle, closing the daily candle above this level. This stabilization creates an opportunity for the price to move towards the $70,600 resistance. 🚩 Key Levels: Fair Value Gap (FVG) at $70,600: This area, aligned with the 50% Fibonacci retracement of the previous wave, serves as a strong resistance for Bitcoin. Upon reaching this level, there’s a high chance of a bearish reaction and price rejection. Order Block at $71,200: Another resistance at $71,200, overlapping with the 61.8% Fibonacci level, acts as an additional resistance zone that could potentially trigger a trend reversal. 📉 Potential Trend Reversal: If the price encounters these areas (FVG or OB), there’s a high probability of a weekly correction initiating from these points. 📈 Inverse Head and Shoulders Pattern: An inverse head and shoulders pattern is currently forming. If the neckline is broken, it could open a short-term buying opportunity. 🔔 Conclusion: Breaking through these key resistance levels may indicate further bullish movement; otherwise, a pullback to support and a corrective phase might follow.
Short
by arzdigitalistha
1
Bitcoin Shows Upward Momentum, Targets Key ResistanceBitcoin (BTCUSDT) is displaying an upward trend, currently trading around $69,078 as it nears critical resistance levels. The chart suggests BTC is consolidating within an ascending channel, with immediate resistance expected around the $70,000 mark. A break above this zone could propel BTC towards the $72,755 target, signaling stronger bullish momentum. Analysts highlight that maintaining support above $68,730 is crucial for sustaining this upward move. Market sentiment remains cautiously optimistic, with traders closely watching for potential breakout signals in the coming sessions.
Long
by Sanhara
1