BTC (4H) quick update - Sep 09 20244H candle is closed very bullish! The next important levels for BTC: 56,900 and 59,900 If we see bearish signs up there, we prepare for Sell/Short positions.Longby AlgoBotTrading112
BTC update - Sep 07 2024Unfortunately, despite having a bullish divergence in 4H timeframe and reaching the support zone of 54,600 - 56,100, #BTC didn't show the small pump that was expected! there's probably an underlying reason for this that we don't know yet but maybe something is going to take place in the coming days! Anyways, since the bullish divergence didn't work and BTC crossed below the lower trendline and the mentioned support zone in one big candle, it can be said that the sell pressure is indeed strong. The main scenario is that any upward move towards the mentioned area which is now a resistance is considered a retest and Sell/Short strategy should be applied. Secondary scenario is crossing above the resistance zone which isn't very likely at the moment. As it's been stated over and over for the past few weeks, the overall trend/sentiment is indeed bearish and BTC is most probably heading for 45,000 and then 42,000 zones!by AlgoBotTrading2
BTC Weekly Chart is a little bit concerningThe BTC weekly chart is somewhat concerning. BTC is likely to correct on the daily timeframe back to the support zone and meet the weekly trendline. This area coincides with the 0.5 Fibonacci level, and the RSI is also showing an oversold condition.by qude17110
BTC - TWO Theories - ELLIOT Wave vs FRACTALElliot Wave Theory is an absolute favorite of mine, combined with Wyckoff Method and chart analysis (trendlines and technical indicators). If you've been following; you'll know I've been speaking of a multi-month cycle, specifically a multi month corrective wave before the final impulse wave up (4-5). Considering we're still in that corrective phase, let's take a look at TWO options from here: Option 1 , is we retrace around -50%, same as last time. However, this would pose an issue - if we drop lower than (1), it invalidates the Elliot Wave Theory, and also invalidates the bullish cycle. The second problem, is that the previous cycle's increase (2-3) was MUCH bigger than the current 2-3 we are observing. This brings us to option 2. Option 2 , is that we retrace around the same ratio as the previous cycle. To calculate the ration, we need to see what % we retraced and compare it to the % increase. We increased 1533.92% (2-3)and retraced 55.25% (3-4). That means it's a 3.6% correction compared to the increase. For the current cycle, we increased 357.27% (2-3) and retraced 33.76% (3-4). This gives us a 9,45% correction - three times as much as the previous cycle. You can take this two ways - either we're following a 50% correction, OR we're not falling lower than the current point 4 which is around $49K. Share your thoughts! ____________________________________ BINANCE:BTCUSDT Shortby CryptoCheck-5
The trades you need this week! Undoubtedly, last week was a slow week as far as tradeable setups go. 📉 We haven't had many obvious plays. Here are setups for the week: 📝Continuation plays on the bear side Reaction off the low for a counter trend model 2 Reaction of the last lower high for a continuation play For each one of these plays I will be waiting for a change in market structure before entry. Watch the full video for a detailed analysis and stay ahead of the curve! 🔍📈 Make sure to follow for regular updates and insights! 🔔💡 Watch video IN CHANNEL for full breakdown ▶️ #500FOLLOWERS 🎉 #500GIVEAWAY 🎁 24:13by Trade-Journal2
Again It Respect my level# BitcoinHello trader's Here is the new update about your target if you missed it then don't regeret it again give chances.. so don't forget to follow .. Longby vikashsharmaxz3
Bitcoin Bull Run Continues?My expectations from the previous post have materialized, and the price of Bitcoin has dropped again into the price imbalance zone below 53,500. My expectations for Bitcoin's price next week are as follows: due to negative economic news, the stock market will likely continue to decline for several more days starting on Monday. Since Bitcoin's price correlates with key indices like the S&P and Dow Jones, there is a high probability that Bitcoin will continue to decline, potentially reaching as low as 48,900. If we look at the Long-Term Holder Realized Profit/Loss Ratio 7D indicator, which unfortunately is not yet available publicly on the TradingView platform, based on this data, Bitcoin is currently in an accumulation phase before a major growth season. Similar patterns occurred during the 2011 and 2021 market seasons.Longby GarateTradeCrypto6
Long trade Sat 7th Sept 24 Buyside trade LND Session AM 6.00 am Entry 54315.6 Profit level 55546.6 (2.27%) Stop level 53607.0 (1.30%) RR 1.74 Longby davidjulien369Updated 3
#BTC reaches the periodic resistance zone📊#BTC reaches the periodic resistance zone 🧠From a structural point of view, we have constructed a bullish double bottom structure near the buying zone, which means that the previous decline is over, so we need to be wary of a continued rebound. ➡️At present, we are near the resistance zone and the downward trend line, and there is an expectation of resistance and a fall, so even if we are bullish, we need to wait for a period of correction before participating. The next strong resistance is near 57.3k. Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P Longby wolf_king8883
SELL BTCUSDT BELOW 55080Market Analysis: The current market structure for Bitcoin (BTC) is exhibiting bearish tendencies. The price is approaching a significant high level, and there are potential selling pressures near the Order Block and Point of Interest (POI). Additionally, the Fibonacci Golden Zone is a critical area to watch. Trade Recommendation: If the price breaks below 55,100, it could indicate a surge in selling pressure. To capitalize on this potential downtrend, consider a short position. Trade Details: Entry: Sell BTCUSDT below 55,080 Target: 54,400 - 54,000 - 53,800 Stop Loss: 300-500 points Rationale: Bearish Structure: The overall market structure suggests a bearish trend. Order Block and POI: These areas often act as resistance levels, and a break below them could trigger a sell-off. Fibonacci Golden Zone: This zone represents a significant price level that could offer resistance. Liquidity: The presence of large liquidity levels at 54,400 - 54,188 could provide support for a potential price decline. Note: This is a general recommendation based on the current market analysis. Always conduct your own research and consider your risk tolerance before making any trading decisions.Shortby Trade_With_Prakash4
Bitcoin facing decline amid Bearish pressureBTCUSDT continues its downward trend, with a noticeable lack of buying pressure since late August. The price action has been characterized by consistent lower lows and lower closes. Even on the daily chart, we see this pattern persisting, despite a recent false breakout below the July low, with the price hovering near that level again. Historically, September tends to be a difficult month for Bitcoin, often resulting in negative performance. This pattern suggests that the price could drop further, potentially breaking below the 50,000 mark and aiming for the support zone between 48,000 and 45,000. If the price reaches this zone, a strong rebound could occur, potentially sparking a new bullish trend. The target is the support level at 51,220.00Shortby RTED_Investing7
We could see a relief for BitcoinHi traders, Last week Bitcoin went a little more up and then dropped just like I've said in my outlook. Now we could see some upside again. So for next week we could see this pair go to the Daily BPR. Let's see what the market does and react. Trade idea: Wait for a change in orderflow to bullish, a small correction down on a lower timeframe and trade longs. If you want to learn more about my analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! EduwaveLongby EduwaveTrading3
is the bottom in ? BTC longit is very clear to me that this year bear cycle is not going to be like covid crash since the FED has announced IT IS TIME TO ADJUST POLICY from being restrictive to easing. fill your bags with the good ones and for sure BTC is one of them. Longby moeinimasih1
BITCOIN / USDT PAIR ON BINANCE (TECHNICAL ANALYSIS+TRADE PLAN)Technical Analysis of the Chart by Blaž Fabjan: Descending Trading Channel: BTC is trading within a descending channel, showing lower highs and lower lows, which typically signals a downtrend. However, it is nearing the bottom of the channel, often a zone for potential reversal. Support and Resistance Zones: Support: The two orange zones indicate strong support areas around $51,000 and $50,000. BTC may find buying pressure in these regions, especially as it touches the lower bound of the descending channel. Resistance: The current resistance area is around $55,000. BTC will need to break through this level to confirm a trend reversal. Indicators: RSI (Relative Strength Index): RSI is currently around 55, indicating a neutral trend. However, it is slightly moving upwards, suggesting potential bullish momentum, though not overbought yet. Stochastic Oscillator: This is showing a crossover at 74, indicating upward momentum, but it’s close to the overbought region. This may signal some resistance to immediate bullish continuation. VMC Cipher B Divergences: This indicator is showing bullish divergences at several points, signaling potential reversal zones. Divergence with price action suggests a potential trend change in the near term. Trading Plans: 1. Intraday Trading Plan: Strategy: Trade within the current channel. Watch for a breakout from the descending channel, especially on the 1-hour chart. A breakout above the $55,000 level could confirm a short-term bullish move. Look for pullbacks towards the $53,500-$54,000 region to enter long positions, targeting $55,500. Place a stop loss just below $53,000 to protect against fake breakouts. Indicators to Watch: RSI trending above 60. Stochastic Oscillator maintaining bullish momentum. 2. Scalping Strategy: Strategy: Focus on small price fluctuations within the support and resistance zones. Look for quick entries near the support zones (around $53,500) and exits before it hits resistance ($55,000). Scalping in tight time frames (5 to 15 minutes) around these price levels. Key Levels: Enter around $53,500 and exit at $54,500. Place tight stop-loss orders around $53,000 to manage risk. 3. Swing Trading Strategy: Strategy: If BTC continues trading within this descending channel, wait for a breakout confirmation to take a long position. A breakout above the channel and $55,500 would signal a strong move upwards, potentially to $58,000 or higher. Enter long positions if BTC breaks and holds above the $55,500 resistance level, targeting $58,000 and beyond. In case of a further dip, enter long positions around $50,000 support, which appears to be a strong reversal point. Stop Loss: Below $50,000. Conclusion and Long Position Advice: Near-Term (Intraday): BTC could break above the descending channel, leading to a short-term bullish move towards $55,500. Watch closely for a breakout confirmation. You could consider entering long positions on pullbacks or a confirmed breakout. Medium-Term (Swing Trading): A solid break of the $55,500 resistance could lead to a potential rally towards $58,000. Be cautious of potential false breakouts and place stop-losses below support levels. Scalping: For those aiming for quicker profits, you can take advantage of price fluctuations within the $53,500-$55,000 range. Overall, the chart shows signs of a potential bullish reversal, especially if BTC breaks out of the descending channel. For now, conservative traders may wait for a breakout confirmation before entering long positions. However, aggressive traders can consider buying near support levels, keeping in mind the risk of downward movement in case of failure to break resistance. Longby elfabiiani1
BTC - HTF updateSo, here we are. Hope these updates helped a little in navigating what has not been an easy market at all. Predicting these moves is near impossible, but we can look at possible zones and levels where we might interact with price and prepare for multiple scenarios. We have cleaned up a lot of bad lows we had, only to sweep a previous low by $10. Technically that's a sweep, in reality it's not a very convincing one. Open Interest declined a little bit, but not by any meaningful amount: there are still 30-40k contracts that opened during the $55-60k range, that's a bit troublesome still. Previous plans: It's a bit unclear, so we'll have to monitor as we go. Going by the squiggles, we lost GP and are now in the red path. On the other hand, we can see it as yellow that just went a little deeper. It will depend a bit how much time we spend down here, but I'd disregard anything that happens over the weekend since price is just naturally drifting up to fill the imbalance we left. Ideal scenario is the blue path I've added: sweep the recent low on Monday or Tuesday, but quick reclaim, then take out the bad highs around 60k. Then we take it from there.by Tealstreet5
BTC - LTF Internal LiquidityMarket filled its inefficiency resting at 55.3k as weekly closes. Late shorters are getting stopped out. If traders keep on shorting, a squeeze toward 56k area is very likely. Reaction at 56k level will be really telling and where the FOMO buyers would be piling in. Area of Interest: Wait for a valid retest on ltf demand 53.7k to 53.3k targeting single prints/poor highs or if price can get toward resting liquidity above marginally lower highs. Possible Targets: 56.7k 58.3k 60.2k by Tealstreet1
Too many bullish for Q4 - bottom is likely NOT inMajority of retail traders are bullish for Q4, stating that the US Election will be bullish as Trump will be elected. Many are forgetting that leverage in the crypto market remains high according to Glassnode On-chain analytic data. Hedge funds and leveraged funds still remain majority short, whereas retail traders have added to long positions according to the latest CME COT report. As retail traders remain overwhelmingly bullish, trying to long every single falling knife, real capitulation has yet to happen. Although we may get a small bounce in the short term, I think this will be minimal. We will likely see 48k in September and then 41k later in October/November. Expecting Q1 2025 to be bullish and ATH may be exceeded in mid-2025 which goes against current consensus. by ToshihiroHiramatsu2
Btc bullflag patternIs BTC aiming for another high? Looking on higher timeframe, bitcoin is creating a massive bullish flag and aiming 80k ne all time high. Will this create a massive move of the bulls? Still looking for some fundamentals that will trigger on this kind of moveLongby CandleStickPattern7
BITCOIN SHORT TERMBTC is in a range before market opening and i think there is correction to higher level after this bearish trend,and next we will dump to low levelsShortby CryptoSeniorTrading1
Btc daily chart analysis Btc daily chart analysis big big opportunity long long long cheers target is mentioned in chart Longby MehranSwingTraders5512
BTCUSDT_2HThere are 2 steps for buy positions if btc wants to get down we can buy another step for swing trades...Longby kmb_trader3
Bitcoin short terms using 4 Time Frame CRYPTOCAP:BTC 4h lets try to catch the short if there is rejection around the price 55946.4 - 56922 and set the target to 52554 -Note Just my own analysis not always right try to make ur own analysis Always set your SL to 1% of your margin #Bitcoin #Cryptocurency #futurestradingShortby Flyingunderwear115
BTCUSDT SHORTThis trade is based on Power Variation for measuring volatility, Gaussian Kernel Smoothing EMA, and Value at Risk, nothing else. Since volatility is increasing and trending up, meanwhile the Gaussian Kernel Smoothing EMA is trending down, I expect bigger price moves that are bearish and bet that my take profit is hit. SL: 59980 TP: 54940 Shortby Traders_EndeavorsUpdated 114