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BTCUSDT trade ideas

BTCUSDT: Short-Term Analysis for 16/11/2024 Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always consult multiple sources and conduct thorough research before making trading decisions. Time Frame: 1-hour Market Analysis: Following our previous analysis, the market remains in a consolidation phase. Although the price bounced off the OBV support and still respecting the lower channel trend line, however, it lacks impulsive momentum, indicating the correction phase persists. However, a breakout above the daily Point of Control (POC) at 91,104.0 could be a pivotal catalyst. If this level transitions into support, we anticipate a substantial upward surge in price. Alternative Scenario On the other hand, If price dips below invalidation level at 87,815.0 This would warrant caution, as it increases the likelihood of continued downward momentum to fill the gap at 83,997.0 - 82,773.00. Key Levels: POC: 91104.0 Resistance: 94,120.00 - 97,000.00 Local High: 93,421.00 immediate support: 89255.3 Invalidation: 87,815.0 support: 87,104.00 - 86,087.00 Gap: 83997.2 - 82773.3 Trading Bias: The market remains in consolidation, having absorbed inducements from both sides.Additional support is added at level 89255.3. The volume is low. If the price slips below the invalidation point, the bullish narrative would be compromised, potentially triggering a reversal.
by avatarfreak
BTC Pullback from $98,524We've reached the projected top of this cycle & have put in a proper wave count on the H4/D1. Expecting a pullback to start soon from here, $98,524, to bring us down to a minimum target of 85K... We could see significantly lower , into the 70s... Depending on severity, I would expect alts to nuke across the board as well. Do not catch a falling knife, friends. Note: We have yet to lose a low on H1 or H4 , so we must be patient. The short setup does not exist until we start losing levels - the projection is simply an area to TP heavily & monitor for potential short opportunities, should they arise. Good luck, be well, and trade safe!
Short
by PaperPlatoonYT4TenKkeysTrading
BITCOIN Price MovementAnalysis ---------- Support Zone: The ascending yellow trendline acts as a support area. Price has bounced from this line multiple times, as indicated by the marked “$$$” levels. If this trendline holds, it could indicate a short-term price recovery. Resistance Zone: The grey shaded area around $92,500 - $92,800 is the resistance zone. Price has been rejected from this level previously, as seen in the chart. Short-Term Scenario (White Path): The chart suggests a potential bounce from the ascending support trendline towards the resistance at $92,500 - $92,800. If price fails to break the resistance zone, the chart anticipates a sharp drop (breakdown of the ascending trendline). Downside Target: A major downside target is marked near $84,333, which aligns with previous support levels. Stop-Loss Zone: The stop-loss for this trade idea is likely above the resistance zone, around $93,000 - $93,200. ----------------------------------------------------------------------------------------------- Key Levels ----------- Resistance Zone: $92,500 - $92,800 (Critical area for sellers. If broken, price could continue higher.) Support Zone (Trendline): Current support near $89,200 - $89,500. If this breaks, it could lead to the expected downtrend. Downside Target: $84,333 (Primary take-profit level for shorts). Stop-Loss: Above $93,000 (to manage risk if resistance breaks).
by varma010
3
Sideways are the point of interest until around December 3rd Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The Fibonacci ratio on the left was drawn in the first rising wave. Therefore, I think it is highly likely that it will sideways around 3.618 (98841.11). I think this sideways movement is likely to continue until around December 3rd during the next volatility period. If it continues to rise, it is expected to touch around 1.902 (101784.54) ~ 2 (106178.85). - (BTC.D 1M chart) If BTC dominance rises above 62.47, I think a market where only BTC rises could be created. Therefore, whether it can fall is the key. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you to decide how to view and respond to this. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
Calling Danger Area For BtcGreetings, friends, Based on the weekly analysis presented to you, we can see that the price has reached the PRZ (Potential Reversal Zone) of the Fibonacci and has shown a reaction to this level. Currently, the price is within a triangle pattern that could also evolve into a rising wedge. Considering the liquidity trendline formed above the 86,000 level, and the fact that within the next two days, we will reach a higher time frame Fibonacci time zone, the 94,000 to 95,000 range could act as a strong reversal point. This might pull the market down temporarily to provide liquidity or even lead to a broader correction (due to reaching the top of the weekly channel). For this scenario to fail, Bitcoin needs to break above the 95,000 level decisively with strong volume and momentum, paving the way to the 110,000-dollar target.
by MrHunterTradeInsight
BTC analysis 4H - Nov 18 2024Analysis on BTC shows that we can expect a short-term correction in the market. As price and volume divergences have appeared on the chart, it can be safe to assume that BTC can't probably proceed to higher levels without having some price or time correction. The blue trendline on the chart is the trigger line for a price correction. The first target of the drop is the 85,000 level and then 80,6500 and 77,000 levels can be touched as well. Is BTC going to fill the CME gap? if so, the drop will be a perfect chance to buy potential altcoins for a nice gain. The other scenario is also shown on the chart, in which there will be another new ATH before dropping to fill the CME gap.
by AlgoBotTrading
Bitcoin Has Another Bull Run !Bitcoin has shown signs and patterns in the daily time frame that can be analyzed with the current data. It looks like a diametric has finished (A) and then the price has entered a bullish phase. In the bullish phase, we have an ABC/WXY whose A/W has the signs of a diamond diametric. We expect waves X and Y because the time of wave A is much larger than the current pattern (A/W). The green range could be the start of a bull run in Bitcoin. Closing a daily candle below the invalidation level will violate the analysis. Note : This is only a possible scenario, please do not forget to manage risk For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
5
BTC/USDT.P updateDaily candle closed belowed the mid point of a major seller zone, meaning seller are in control and we are likely to see some more bearish action this coming week.... We have also completed a bearish Crab harmonic pattern with TP1 set for 76397.5 and potentially TP2 for 65889. HTF harmonics are usually pretty accurate so I think the daily time frame retrace I've been looking for is potentially coming soon. Be ready. @Nate Alert Please don't blindly trade short lol, make sure you do proper risk management and only enter at price points that are reaction zones
Short
by Nate36989
Waiting RoomThe $100k BTC mark has been a mythological target for crypto traders for a very long time. It felt so near back in 2021, yet proved to be so far. In the end, we even went below $20k again before going back up this year. When you are reading this, 1 Bitcoin might well already be worth over $100,000. But for now, over the past 24h, it has continued to remain tantalisingly close to the magic number. Crossing this price point would be yet another major milestone in a year that has already seen the approval of Bitcoin and Ethereum ETFs. It is now a waiting game. Once that $100k threshold will be inevitably crossed, all eyes will be set on what is next. Of course, as usual in moments of euphoria, crypto bulls compete with each other to set ever higher price targets. Will MIL:1M be the next one? Or is $500k already big enough? Many Bitcoiners will argue that the next target is gold Market Cap parity. After all, Bitcoin claims to be the digital gold with all of gold's benefits such as scarcity but with far easier movability and programmability on top. Gold's current market cap is $18 trillion. Bitcoin's market cap in the meantime is at around $2 trillion. The potential upside if this thesis plays out still seems juicy, particularly for traditional funds and investors who value Bitcoin's 'established' status as macro asset. One of the main characters in the current market environment remains Michael Saylor, founder of Microstrategy (MSTR). Microstrategy is a legacy tech company that had seen its previous all-time high before the dotcom bubble burst in 2000. Since starting to accumulate Bitcoin in 2020, Michael Saylor has turned MSTR into a leveraged proxy for the Bitcoin price. Over the years, Microstrategy has sold additional shares and then used the proceeds of those sales to purchase Bitcoin. In addition, the company issues convertible debt offerings at 0% interest and uses the funds to buy more Bitcoin. These offerings are appealing to institutional investors because they offer exposure to Bitcoin while limiting the downside risk. The company's 2027 convertible bond, which also has 0% interest rate, trades 200% over par. MSTR's stock as well as its convertible bonds are now proxies of Bitcoin exposure. Microstrategy's Bitcoin holdings now stand at 331,200 BTC, worth $30.4 billion. This is almost 1.6% the entire Bitcoin supply. Meanwhile, the company's market cap is at $80 billion, showing a more than 2x premium over the company's Bitcoin holdings. Many traders of course are deeply sceptical about this setup. Too much post-traumatic stress from the 2022 blowup not just of Luna/Terra but also of the Grayscale trade remains. For those who do not remember, the Grayscale Bitcoin fund was a pre-ETF Bitcoin fund that was open to traditional investors. It was essentially a proxy for holding Bitcoin. For years, it traded at a premium.  Funds, such as Three Arrow Capital, would leverage up on Bitcoin, deposit into the fund and then sell fund shares at a premium. But when the premium flipped negative in 2021, it signalled the beginning of the end for many overleveraged funds and traders. The case of MSTR seems somewhat different, but traders should watch the amount of leverage at play and which direction the MSTR premium over Bitcoin will go for an indication of the market cycle.  Whichever way this goes, it certainly does fill like the markets still have room to run. So for now we all remain in the $100,000 Waiting Room. It should not be much longer from here.
Long
by Coinrule
BTC thesis with RAG AI by Titan_KarmaThe current investment thesis for Bitcoin (BTC) indicates a strong bullish sentiment, with the price recently reaching $97,400. Given the recent news highlighting the potential for Bitcoin to approach the $100,000 mark, traders are advised to maintain their LONG positions. However, caution is warranted due to profit-taking activities and the possibility of increased market volatility. Incorporating the last open long price of $97,071.99, it is essential to monitor market indicators closely. The current trading volume of approximately 25,514 suggests active participation, but the mixed long-short ratios indicate a divided sentiment among traders. This necessitates a careful approach to trading decisions, particularly in setting stop-loss orders to safeguard profits. coinglass_data: Real-time data from Coinglass shows that open interest is increasing, indicating growing market participation. The weighted funding rate remains neutral, suggesting no immediate pressure on either side. Liquidation levels are being monitored closely, as sudden price movements could trigger significant liquidations. Expert Consultation: Market experts are currently bullish on Bitcoin, with many suggesting that the upward momentum could continue if key support levels hold. Analysts recommend watching for any signs of reversal, particularly if the price approaches resistance levels. coinmarketcap_data: According to CoinMarketCap, the market cap for Bitcoin is robust, with a liquidity score indicating healthy trading conditions. The recent candlestick patterns suggest bullish continuation, but traders should remain vigilant for potential pullbacks. sentiment: Sentiment analysis from Augmento.ai indicates a predominantly positive outlook among traders, with many expressing confidence in Bitcoin's upward trajectory. However, caution is advised as sentiment can shift rapidly in response to market news. binance_data: Technical indicators from TradingView reveal that the volatility index is elevated, and order book dynamics show significant buy walls at current levels. Price action signals indicate a potential for breakout, but traders should be prepared for possible corrections. In summary, while the bullish trend is evident, it is crucial to implement risk management strategies, including setting appropriate stop-loss levels to protect gains. The historical performance of Bitcoin suggests that maintaining a disciplined approach will be key to navigating the current market conditions effectively. TRADE RECOMMENDATION json { "OUTCOME": "HOLD_BUY", "STOP_LOSS": "$95,000.00", "TAKE_PROFIT": "$100,000.00", "CONFIDENCE_LEVEL": "85%", "EXIT_POINT": "$98,000.00", "ENTRY_CRITERIA": { "TIMEFRAME": "1h", "RSI": "above 80", "MACD": "above 0" }, "CURRENT_OPEN_LONG_POSITIONS": 11, "CURRENT_OPEN_SHORT_POSITIONS": 0 }
Long
by titankarma
Btcusdt to where?We can notice first of all head and shoulders and that was the reason for the last uptrend If we count the distance from the head till the nick and we count it after passing the nick we can see that our first Goal on btc is at 105k so there will be the best Goal if it didn’t reflect from 99k which is a cluster of 270 and 540 angle of gann star counting from 3782.13 and 49k Second thing is the volume, we can see that for the current uptrend the volume is going down so there is weakness with this trend so we are expecting a correction and the next correction will tell us if it will go on or it will be it’s last station The last thing is that there is a trend line from last two tops till the current high and we can see that it closes as a daily candle three days above it but if we check on the weekly candle we can see that by the ending of this week it needs to close below it if it’s gonna be the last station but if it closes above this trend line I think that we will see continuing for the uptrend
by MohammadAlajami