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BTC/USDT short setupBTC/USDT short setup Date: 10/24/2024 Author: Crypto Rado ( Rhino Aka Bear ) Timeframe: 15M & 4H Following the rejection from $69,566, Bitcoin experienced a 3-leg movement down to the $65,200 zone. From there, we saw another 3-leg upward correction, indicating that the short zone lies within the 0.61-0.7 Fibonacci retracement level, which has now been reached. From this point, my strategy is to short BTC, targeting the 1.272 Fibonacci extension, located between $64,200 and $63,700. On the 15-minute timeframe, a bearish divergence has already formed, and on the 4H timeframe, this divergence is in the process of forming, which would likely be confirmed if BTC reaches the 0.786 Fibonacci level. Key Levels to Watch: Bullish breakout: $69,566 Bearish breakdown: $66,750 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.
Short
by RhinoAkaBear
35
Bitcoin (BTC): technical and fundamental analysis📈 Technical analysis BTC/USDT The Bitcoin price has reached a new all-time high (ATH) following Donald Trump's victory in the U.S. presidential election. This price movement has fully validated the scenario outlined in our previous analysis. Now we expect a correction of the latest growth wave in the near future. Key targets for this correction could initially be the dynamic support levels at EMA 50 and EMA 200. The first 1H Imbalance zone is near EMA 50, where gaps on the horizontal volume levels need to be filled through trading consolidations. If sellers manage to push through the 70,000 support level, where the EMA 200 line also lies, we anticipate the start of a full correction of the November growth. In this scenario, the price may drop to the next 4H Imbalance zone, situated between the 0.61 and 0.78 Fibonacci retracement levels, where corrections typically conclude and a reversal occurs. For BTC to continue its upward trend, it needs to surpass the 77,000 level, which would open the path for a test of the significant resistance block at 80,000. 📉 Bitcoin market global analysis On the daily logarithmic chart, it’s crucial for Bitcoin’s price to hold above the 70,000 level with a weekly close to support continued growth. Otherwise, BTC may face a correction. This is further indicated by the beginning of a divergence on the RSI indicator, which has been in the extreme overbought zone for an extended period. What are Bitcoin’s long-term growth targets? Above the current ATH, there are no resistance levels based on historical data. To determine growth targets, we’ll rely on trend lines, Fibonacci extension levels, analysis of large order block clusters in order books, and, of course, indicators. According to the MVRV Deviation Pricing Bands indicator, the next target for Bitcoin is 85,000, where the first Fibonacci extension level of 1.23 is also located. In the 90,000 - 100,000 range lies a global trend line constructed from the peaks of Bitcoin’s previous two cycles, aligning with the 1.38 Fibonacci extension level. The highest trend line, situated between the 1.61 and 1.78 Fibonacci levels, could be tested starting from the 100,000 level. 💠 Analysis of liquidity zones and levels The Fear and Greed Index is in the Greed Zone - 75. The total capitalization of the cryptocurrency market has grown to $2,531 billion, and the Bitcoin Dominance Index has increased to 59.73. According to the analysis of the accumulation of large order blocks in the order books, the largest blocks are at levels 77,000 and 80,000, and the supply and demand zones are located at the following levels: 🟢 Demand zone: 50,000 - 70,000 🔴 Supply zone: 80,000 - 90,000 Levels for long positions: 70,000 - psychological support level 65,000 - large support block 60,000 - large support block Levels for short positions: 77,000 - large resistance block 80,000 - largest resistance block 90,000 - 100,000 - ascending trend line of resistance 📊 Fundamental analysis Bitcoin-Based Spot ETFs Set a New Record. On November 7th, Bitcoin (BTC) spot ETFs reached a new milestone, attracting $1.38 billion in a single day—the largest daily inflow since their launch in January. This record-breaking inflow was fueled by Donald Trump's victory in the U.S. presidential election, as many investors believe his re-election will positively impact the crypto industry. Another factor driving Bitcoin’s growth was the recent decision by the U.S. Federal Reserve (Fed), which lowered the key interest rate by 25 basis points during its latest meeting. What Changes Are Expected in the Crypto Community After Donald Trump's Victory: - Bitcoin could become one of the strategic reserve assets of the U.S.; - Token classification systems may change, with most cryptocurrencies likely to be considered commodities rather than securities; - Crypto investors might enter the market more actively; - Banks could gain more freedom to provide services to crypto startups and interact openly with the crypto industry; - Spot exchange-traded funds (ETFs) based on Solana (SOL). 🌐 Upcoming Events in the Global Economy We expect increased volatility in both stock and cryptocurrency markets on the following dates: ➤ 11/13, 4:30 PM - US Consumer Price Index (CPI) for October. ➤ 11/14, 11:00 PM - Fed Chairman Jerome Powell's speech. ➤ 11/27, 4:30 PM - GDP data (q/q) (Q3). ➤ 12/18, 9:00 PM - New Fed interest rate decision. ➤ 01/29/2025, 9:00 PM - New Fed interest rate decision. 📈 Statistics of signals from our AI trading indicator: In October 2024, the Bitcoin price continued to recover its positions, thanks to positive expectations from the US elections and further reduction in the key interest rate of the Fed. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements. 😎 Total price movement by all signals: + 41.89% Maximum price movement: + 13.77% Average price movement: + 7.58% In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
by TradeINEX
Bitcoin and altcoin overview (November 08-09)Yesterday, Bitcoin tested the local high once again, but the update was relatively weak. Currently, it is more likely that we will retest the significant volume zone of $75,000-$73,500, from which a buyer's reaction and a resumption of purchases are expected. If there is no reaction, we will shift to a downward structure. Buy zones: $75,000-$73,500 (volume anomalies, accumulated volumes), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity). Interesting altcoins. For SUI , we may see a decent correction soon after its growth. The cumulative delta has been rising throughout the accumulation period, which could indicate the seller holding positions through limit orders. We are considering a short position if there is a breakout of the trendline and a retest of the volume zone at $2.27-$2.334, or in case of a false breakout of the local high.
by Crypto_robotics
Bitcoin ATH: Potential Retracement Zones and Key LevelsBitcoin current price now is 76k surpassed ATH at 14 March 2024, after surge more than 13% we may see increased speculation and bullish momentum driving the price higher. However, if Bitcoin struggles to maintain upward momentum near this level, we may witness a retracement before the next significant move. Retracements are a common and healthy part of price movement, providing the opportunity for consolidation before the next leg up. On the chart, we observe several retracement levels marked by Fibonacci retracement levels, as well as Fair Value Gaps (FVGs) that may act as areas of support if Bitcoin's rally takes a breather. 1. The first potential support level sits at the 0.5-0.62 retracement level. This zone represents a modest pullback and would allow Bitcoin to establish a higher base without losing its bullish structure. This level falls within an FVG, which might reinforce the zone as a strong support if Bitcoin pulls back to this area. 2. A deeper retracement could see Bitcoin testing the 0.705-0.79 retracement level. This level could attract more significant buying interest, as it represents a meaningful correction or extreme discount zone that provides an attractive entry point for new buyers. 3. Green zone (OB) signaling areas of potential liquidity where buyers might enter aggressively to capture value. Trendline Support and Horizontal Levels Trendlines provide insight into Bitcoin's directional bias. A rising trendline, indicated in yellow on the chart, has been guiding the recent rally and could serve as dynamic support in case of a downturn. If Bitcoin respects this trendline, it would suggest a continuation of the uptrend, with the trendline acting as a safety net for any dips in price. This would allow BTC to pull back and consolidate while maintaining its upward momentum. Another significant level is marked as "rH" around $73,787, a former resistance level that could now act as support. If Bitcoin retraces to this level and finds support, it could reinforce bullish sentiment and potentially lead to another rally attempt. Volume Analysis We also see moderate trading volumes, indicating sustained but cautious buying activity. An increase in volume at higher prices would strengthen the case for a continued rally, as it would demonstrate robust market interest. Conversely, if the volume decreases during a pullback, it may indicate that sellers lack conviction, suggesting that the retracement could be brief and limited to consolidation.
by Perseusx01
Market Analysis: A Breakout to New Highs, but Will It Hold?After a prolonged over 250-day range, BTC has broken out to a new all-time high (ATH) above the $75K zone, fueled by renewed interest following recent election sentiment and influential media coverage. This breakout marks a key technical development, but the question remains: Can it sustain? Key Observations and Price Action Insights New High Zone ($75K): The breakout above $75K looks technically healthy, with price action showing strength and bullish sentiment. To build confidence in a continued uptrend, BTC would ideally hold above this zone consolidating through few days, allowing for a strong base before seeking higher levels. Potential Retracement Levels: Mid-Range Support ($63K): If the current level fails to hold, BTC could revisit the mid-range support around $63K, a key level for possible consolidation and renewed buying interest. Lower Range Support ( GETTEX:52K ): In the unlikely event of a more substantial correction, BTC could target the lower boundary near $52K. However, strong interest from high-profile figures and positive sentiment may help mitigate any significant pullbacks. Strategy Considerations: Traders should proceed with caution while tracking these key levels. Although sentiment and momentum remain robust, monitoring BTC’s behavior at these crucial zones will be essential for managing potential risks. The coming days could set the tone for a continuation or indicate a reversion to established levels.
by hazaq
ATHs Reached, What Now?It's been some time as we were simply waiting on this major market movement to occur and reach all time highs. So the question is, what comes next? My speculative hypothesis is: We get a deep market retracement. Eventually. My actual plan is this: We have broken out of a major range that we were in for ~6 months. Now we monitor price and wait for the next structure to build. This structure can be another range, such as the small range example on chart. Or it can be a reasonably sharp reversal at some point. But the key is that the anxiety can be removed from trying to constantly catch a top (if you are also somewhat bearish), by reassuring yourself that the market will show itself bearish when the time comes. That's why we have a hypothesis but will still wait for the next structure to form. And that is exactly what I will be doing from now, beginning to scale some profit on spot holdings as I see fit and monitoring larger timeframes to watch for the next structure.
by Obscure_Trading
BTC Chart Analysis - Bullish Bias for next couple of monthsBTC has now filled the weekly fair value gap around the GETTEX:48K - GETTEX:49K range in the first week of August, which was originally formed in February earlier this year. Interestingly, during that same week after 2014, whales accumulated most of the BTC. The weekly closing candle has printed a pin bar candle to the upside, indicating a strong potential for bullish momentum. I believe the consolidation phase is ending, and we could see parabolic upward movement within the next week or so. My first target for the breakout of this weekly bull flag is $100k within the next couple of months. Ideally, we could hit this target before the elections. Let’s see if this analysis plays out or not. Not financial advice! DYOR
Long
by smwajeeh
2
BTC New ATH EnvironmentEven though price convincingly closed above the ATH with a 1D CC, because it's a Monthly level (March 2024 ATH = level) you have to remain sceptic: it's all about the 1M CC; a LTF setup will determine the closure of the November 1M candle. If price goes down first (low probably inbetween two dashed lines) then it's probably a free bull run. If price however goes back to the highest high and afterwards falls below this structure (blue line) then it's probably a short. Price could also pump and stay above the current highest high, then it's probably also a bull run.
by EyyJasper
BITCOIN (BTCUSDT) Hits All Targets! Massive Gains - 20x LeverageBITCOIN (BTCUSDT) Technical Analysis: Bitcoin surged on the 15-minute timeframe, delivering stellar results as it smashed through all marked targets. The trade, taken on 20x leverage, provided a high-risk, high-reward opportunity for traders utilizing the Risological Swing Trader Indicator. Trade Summary: Entry Point: $68,454.9 Stop Loss (SL): $67,631.4 Targets Achieved: TP1: $69,472.6 ✅ TP2: $71,119.5 ✅ TP3: $72,766.4 ✅ TP4: $73,784.2 ✅ Highlights: Flawless Execution: Entry was timed to perfection using the Risological Dotted Trendline, confirming a strong bullish momentum. Leverage Power: The 20x leverage magnified gains exponentially, showcasing the potential of well-executed high-leverage trades. Strong Trend Support: Bitcoin continued to respect the trendline, providing consistent confidence to hold the trade to its full potential. Risk and Reward: While the high leverage trade amplified profits, it also carried significant risks. Only traders with a clear risk management strategy and confidence in the Risological Indicator should consider such setups. Recommendation: Book Profits: With all targets hit, locking in gains is prudent. Monitor Retracement: Bitcoin may test support zones, presenting fresh opportunities for re-entry. Stay Updated: Use the Risological Swing Trader to stay ahead of market moves and identify the next big trade. Conclusion: This Bitcoin trade showcases the power of strategic analysis and disciplined trading with the Risological Indicator. For traders willing to take calculated risks, the results speak for themselves.
Long
by ProfitsNinja
BTC/USDT.P update - Post ElectionThere are two potential scenarios currently. One is that we continue to push into price discovery and the bull run officially starts, or we will have a decent pull back that traps all the easy retail loans at the top before the actual bull starts.... I think both are likely and I'm not here to predict, but I am going to prepare for both situations. I've marked in yellow circle indicating where the pull back is likely to land if we do see one. If we don't, I am already packed with previous accumulations and I'm happy to ride this bull with some left over sideline capital. It's never a good idea to spend all your resources at any given time, that is like "show hand", you can play it where you always have left over resource to do something and put yourself in an advantage. It is my opinion of course, but it's been working out great for me so far. Trade safely guys, no matter what, something is about to get down LOL. @Nate Alert
by Nate36989