BTCUSDT BUY PROJECTION (INTRADAY)BTCUSDT is in an uptrend and as we can see , we have the breakout and retest to zone with the third touch on the trend line above the zone. So we go long
BTCUSDT.PS trade ideas
November, Scenarios In the October issue of Scenarios , we introduced two bullish scenarios — “Triangle” and “Diagonal” — which differed in the depth of their corrective moves. Ultimately, the first scenario prevailed.
Today, we see a similar setup: two bullish scenarios once again, each varying in terms of potential correction depth. To the right, the October “Triangle” suggests that either the initial growth impulse has concluded, or — in a highly favorable case — an upward extension is developing. To the left is the scenario of a completed Diagonal, though a different type than in October, originating from the 52,550 mark. This scenario anticipates a deeper correction, potentially below 59K, before growth resumes.
Currently, several market factors could favor a corrective scenario.
The BTC Fear and Greed Index has dipped slightly to 75 points; however, this is still a high level, signaling the need for correction. Additionally, sell-offs have commenced in the U.S. market, as anticipated in our “November Surprise” idea . Iran has vowed to strike Israel before the U.S. elections. Meanwhile, despite high approval ratings, Trump might face barriers to re-election, which could trigger an immediate price pullback.
Bitcoin need correction before to break new ATH?Hey guys!
Here is fresh thoughts about current BTC situation.
For me, looks like we had Elliot Waves with all this growing movement and can have some correction before to continue move up. Also RSI showing us that is need some cool off.
But volumes are growing and the MA cross is bullish here. So this correction can happen, but the movement can be not that big.
Lmk your thoughts in the comments 👇
BTCUSD Long opportunityBTCUSD Long opportunity
Entry: Around 72340
SL: Below 71984
TP1: 73600
TP2: Higher
BTC/USD : To The Moon ? (READ THE CAPTION)By analyzing the #Bitcoin chart in the weekly timeframe, we can see that after our last analysis, Bitcoin rose over 10%, climbing from $66,500 to $73,600, now within just $100 of its all-time high. Following this move, Bitcoin saw a slight correction down to $72,000, and I still expect the previous high to be broken soon, with Bitcoin reaching higher levels. The next bullish targets are $77,000, $81,700, and $93,800.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Bitcoin Approaches Important Support Zone, Waiting for New BreakBitcoin is currently trading around $69,962 after a slight correction and touching the support zone between $68,102 and $68,976. This price zone has proven to be a strong support zone in the short term. The 4-hour chart shows that the price is in a consolidation and accumulation phase after the previous strong rally, with the 34 EMA and 89 EMA acting as dynamic support levels.
If the price holds the support zone and does not break below, Bitcoin could continue to fluctuate and form a short-term bottom pattern in this area before retesting the resistance level at $70,182. If this level is broken, a further uptrend could emerge with a target towards the $72,718 zone.
However, in a negative scenario, if the price breaks below the current support zone, BTC could face further downward pressure towards lower support levels. Investors need to closely monitor fluctuations and macro news that affect the market.
BTCISDT.P. It could go in either direction.Hello, dear degens of the intraday battlegrounds. BTC on the 30-minute chart is forming a triangle, with volume decreasing just before the breakout. Direction? We’ll see!
Not financial advice. Stay safe and humble.
BTC in Weekly Timeframe: Holding Support.Hello, traders!
In my previous update on the daily timeframe, I mentioned a possible rejection for BTC, which has now occurred. The $69k level was expected to hold as support, but it failed, and the price is currently trending at $68k, which remains a support level, though a weaker one.
On the weekly timeframe, BTC is still showing strong support, but if we see a further correction, $65.5k is likely the next level to watch. The upcoming weekly close needs to stay above this support level.
With the U.S. election happening today, the market is likely to experience some volatility, so please be cautious and trade safely.
I’ll continue to keep you all updated on market conditions.
#Bitcoin Update – Wednesday, 30.10.2024As-salamu alaykum and Good Evening to All Brothers and Sisters!
#Bitcoin has responded positively following the conclusion of the U.S. elections, which have so far produced pro-crypto outcomes. This is reflected in Bitcoin's recent surge after breaking through the Blue Lines yesterday, propelling it to hit our second Take Profit level. After a brief retracement, Bitcoin appears poised for another jump towards our third target. If the weekly candle closes within the Yellow Area, we may witness some retracement again, but the current momentum suggests that Bitcoin is likely heading towards the next major target.
What's Next?
If the price continues on its current trajectory, Bitcoin could easily reach the 80K level, which is our first significant target. Once this milestone is achieved, we could see a temporary pause or correction, creating an opportunity for altcoins to shine. I’m confident that from this level, Bitcoin will allow some breathing space for altcoins to experience their own rally.
#Altcoins
With Bitcoin's strong movement, altcoins are also performing well. However, it's important to note that this rally is still tied to Bitcoin's movement. The real momentum for altcoins, as mentioned before, is expected to kick in once Bitcoin reaches the 80K mark. For now, I'm beginning to open trades in high-capitalization altcoins, while I recommend exercising patience with smaller-cap altcoins until the market provides clearer signals.
Stay tuned for further updates, and let’s keep riding this wave together! I wish you all a profitable week and continued success. Keep your eyes on the charts, and let's make the most of this exciting market movement! Have a great evening!
long last night; short this morningthat as a fun election night! longed from 70k up to 75k and sold when it looked like the fun was over, with a definite fear that id wake up to see 80k. alas that's not happening, so time to wake up and short some alts that over-excelled last night.
I'm short: POPCAT, LDO, INJ, MINA, FTM, BONK, UNI, AAVE, TAO, SOL, AVAX.
Going very well so far; tight stops; let's make some USD!
What does it mean that #BTC hits a new ATH?📊What does it mean that #BTC hits a new ATH?
🧠BTC has experienced 8 months of volatility and finally hit a new all-time high today, which means that the weekly level cup-handle long structure is established, which means that we are likely to challenge the next target area of 87k-94k. But I am not asking you to chase the rise here, because after breaking through the historical high, most funds may choose to stop profit, so don't chase the rise under huge selling pressure.
➡️Unfortunately, the price failed to return to the yellow support area mentioned yesterday, so our long trade was not triggered. At present, we are in the target area of the hourly long structure, and there is an expectation of a callback, but the overall direction is a long trend. You must know that shorting is a counter-trend trade, so try to focus on long trades.
Let's see👀
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BINANCE:BTCUSDT.P
Short term analysis bit time frame of one hour.Short term analysis bit time frame of one hour. It seems that the atmosphere is a little calmer and let's attack the roof again.
BTC SHORT Price revisited supply zone between 72960 and 71500 but got rejected.
Formation of evening star candlestick pattern on 1hr chart .
Short from here.
BTC TO TRADE UPTO 95KPrice currently trade at 74k after the US election started yesterday. Price just risen to a new high of 74k. I anticipate more bullish price action developments all the way upto 95k
BTC - NEW ATH Approaches and ALTSEASONThe first time I started talking about my outlook for BTC in 2024, was in MAY. This is the original post where I first propose the Elliot Wave theory, with a 30% multi-month correction:
It's been a painful journey that required a lot of patience - but today, I am pleased to see that the idea has payed out by 95% so far.
The play has always been a "multi-month" approach, and now it is the last push towards the new ATH which I believe to be anywhere from 82K upwards.
_________________________
OKX:BTCUSDT
Crypto Boom: Can Bitcoin Hit $117,189?This monthly Bitcoin (BTC) chart suggests a potential breakout above the key resistance level of $73,777, signaling a bullish momentum if it closes above this point. A target is set at $117,189, representing a projected 63.75% increase if the trend continues. Overall, a close above $73,777 could help confirm that Bitcoin has entered a strong bullish phase.
BTC - Thesis Now- SHORT!Overview
This report outlines an intraday scalping strategy for Bitcoin (BTC) over the next 4 hours, leveraging short-term price movements. The analysis is updated every 25 minutes to allow for dynamic adjustments, optimizing potential profits and minimizing losses. The strategy is neutral, exploring both long and short positions based on current market conditions.
Data Analysis
Open Interest: Monitoring open interest at intervals of 1m, 5m, and 8h to gauge market participation and potential liquidity traps.
Weighted Funding Rate: Analyzing funding rates to understand trader sentiment and potential funding costs.
Liquidation Data: Identifying potential liquidation points to anticipate abrupt price movements exploitable in scalping.
2. CoinMarketCap Data
Volume Analysis: Assessing trading volumes over 1m, 5m, 8h, and 24h intervals to determine liquidity and market activity levels.
Circulating Supply: Observing changes in circulating supply that may affect price dynamics.
Liquidity Score: Evaluating the liquidity score to understand the ease of entering and exiting positions.
Candlestick Patterns: Identifying significant patterns that may signal upcoming price movements.
Market Capitalization: Considering market cap for broader market context.
3. Sentiment
Market Sentiment Analysis: Utilizing sentiment analysis to gauge top crypto sentiments, aiding in anticipating potential market shifts.
4. Sentiment
News and Social Media Sentiment: Monitoring the latest news and social media trends to understand broader market mood and potential impacts on BTC's price.
5. Binance Data via TradingView
Volatility Index: Assessing to determine the market's suitability for scalping strategies.
Order Book Dynamics: Analyzing depth to identify significant buy or sell walls.
Price Action Signals: Observing price action and candlestick patterns for potential breakouts or reversals.
Momentum Indicators: Using RSI, MACD, Stochastic Oscillator, and Momentum to gauge the strength and direction of price trends.
Technical Analysis
Relative Strength Index (RSI): Currently below 40, indicating potential oversold conditions.
Moving Average Convergence Divergence (MACD): Showing a bearish crossover, suggesting downward momentum.
Moving Averages: Price is below key moving averages, reinforcing bearish sentiment in the short term.
Average True Range (ATR): Rising ATR indicates increasing market volatility, suitable for scalping but requires careful entry timing.
Bollinger Bands: Price breaking below the lower band, signaling potential continuation of the downtrend or an oversold bounce.
Stochastic Oscillator: Entering the oversold region, which may precede a short-term bounce but also confirm the current downtrend.
Volatility Analysis
Increased Volatility: Ideal for scalping but necessitates vigilant monitoring to avoid sudden adverse price movements.
Bollinger Bands Expansion: Confirms heightened volatility.
Order Book Dynamics
Sell Walls: Significant sell walls detected, possibly indicating strong resistance levels and potential for price declines.
Buy Walls: Less pronounced, suggesting weaker support levels in the current market context.
Price Action Signals
Bearish Candlestick Patterns: Observed patterns like bearish engulfing suggest potential further downside.
Breakouts and Reversals: Monitoring for any signs of trend reversals to adjust strategy accordingly.
Momentum Indicators
Negative Momentum: Supports the bearish outlook, aligning with other technical indicators.
Convergence of Indicators: Multiple indicators pointing toward a short position increase confidence in the trade setup.
Market Sentiment
Mixed Sentiments: News and social media show mixed feelings, but prevailing negative sentiments could exert additional downward pressure on BTC's price.
Sentiment Shifts: Keeping an eye on any sudden changes that could impact price movements.
Trade Recommendation
Outcome: OPEN_SHORT
Confidence Level: 85%
Current Price: $69,400.61
Stop Loss: $70,500
Take Profit: $67,500
Exit Point: $68,000
Entry Signal Criteria
Timeframe: 15-minute charts.
RSI: Below 40.
MACD: Bearish crossover confirmed.
ATR: Rising, indicating increasing volatility.
Bollinger Bands: Price breaking below the lower band.
Stochastic Oscillator: Entering oversold region.
Important Considerations
Alignment of Indicators: Only enter OPEN_SHORT positions when all enhanced indicators align to signal a strong entry point.
Risk Management: Avoid entries during high-risk periods, such as significant news releases or market anomalies.
Continuous Monitoring: Vigilantly monitor the market for sudden changes and adjust the strategy to prevent losses due to unexpected price movements.
Current Open Positions
Open LONG Positions: 0
Open SHORT Positions: 0
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.
BTC Bitcoin Pennant long continuation pattern formingBTC Bitcoin Pennant long continuation pattern forming after election pump. Pretty standard setup with 80k target. This is successful about 65% of the time.
Calm before the storm. Waiting for the rockets to launchI've covered many topics in this video
The difference between myself and others is that I speak from real world experience whilst others keep trying the 'sell the dream'
bullsh*t baffles brains, and that's not what I'm about
So if you are a student of the markets I hope you are taking notes of these golden nuggests
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.
BTCUSDT.P / LONG / M15
Bullish Order Block: 69,987 - 69,727
BTCUSDT.P shows potential for an upward move from the identified bullish order block. Using Smart Money Concepts (SMC) for analysis, this zone could provide the momentum for a profitable trade. Let’s observe price reactions at this level and see if it aligns with our expectations!
BTCUSDT.P / LONG / M15
LEVERAGE :- 125X
Entry Price :- 69980
Take Profit :- 70703
Stop Loss :- 69257
BTCUSDT Forms Rounding BottomBTCUSDT Technical analysis update
CRYPTOCAP:BTC has formed a rounding bottom pattern on the daily chart near the 2021 all-time high (ATH) resistance level. The price is now moving toward this resistance, aiming for a breakout. Currently, BTC is trading above the 100 and 200-day EMAs on the daily chart. If the price breaks above the rounding bottom pattern, a strong bullish move can be expected.
