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BTCUSDT trade ideas

Bitcoin 1st wave correction! No worries, the bull run goes on...Well, here we are at our 1st correction wave of the Bull market, ladies and gentlemen! Overall they are five. We have 4 left until the end of this Cycle. This correction might bring Bitcoin down to 87k level, or a bit lower. Altcoins would have juice spots of entry /prices to DCA or buy in/add to your positions. I do not advise you to trade as it would be a tricky couple of weeks or the correction, I believe. Take your time, relax, add the coins to your portfolios and get ready for the next, 2nd wave by the end of December. Let's go, monsters, let's go!
by dplmat
Consolidation with Upward MomentumBitcoin is currently trading within a consolidation range, showing no signs of downward pressure. Based on my analysis, it is maintaining its upward momentum. However, it remains to be seen whether this momentum will be sustained or exhausted during the climb. Overall, there is no clear indication of a bearish trend at this point. Therefore, cautiously taking long positions is reasonable. It is advisable to wait for the consolidation phase to conclude and then reassess the situation to make more informed decisions.
by ZenTheory
BTCUSDT Up trend continuationBTC/USDT experienced a sharp decline before stabilizing. Prior to this movement, the price formed a triangle pattern. Currently, the price is pulling back to retest the midpoint of the pattern, which often acts as a support and resistance zone. On the daily timeframe, the market dipped below the previous daily low, indicating a potential upward movement. If the market successfully rejects the support level and the downward trendline, a price increase could potentially test the upper boundary of the channel. The target is the resistance zone around 105,000
Long
by RTED_Investing
BTC Consolidation at 100KStrong wicks show demand on the downside countering drops from 100K with a solid demand floor at 90K. Log() Rainbow shows considerable location of BTC in overall mapout with repeating accumulation zone, works great at the 100K value we currently sit in. While rotation into Alternative Coins will continue, consolidation in BTC will also continue until unprecedented weakness manifests. Current outlook: 80% bullish on BTC 20% bearish (correction based)
Long
by SuperScholarXYZ
BTCUSD H1 ANALYSISBullish Outlook: Bitcoin prices are experiencing a significant uptrend, driven by increasing adoption and institutional investment. As investors seek exposure to the cryptocurrency market, Bitcoin has emerged as a top choice, attracting strong buying interest. Risk Management: 1. Stop-Loss: Set at $97,570 2. Position Sizing: Manage position size to avoid over-exposure to market volatility 3. Risk-Reward Ratio: Set at 1:2 or 1:3 to ensure potential rewards outweigh potential risks Target: - Primary Target: $103,515 Best Wishes Tom 😎
Long
by Tom_Trades_670
1
Bitcoin Breaks the Lower Boundary of the Channel and Targets 97kAfter failing to sustain its position within the previous channel, Bitcoin has decisively broken through the lower boundary and is now showing clear momentum toward the 97k level. This movement highlights the growing pressure from sellers and may signal further downward correction unless a strong support level holds. Key zones to watch include potential retracement points and the reaction at the 97k level, where buyers could step in to regain control. As always, proper risk management is essential during such volatile market phases.
by Dmitriy_Trade
1
$BTC at a Crossroads: Which Direction Will It Take? 1. Overall Market Trend in 2024: - The chart illustrates a strong bullish movement in 2024, pushing Bitcoin from around $23,000 to higher levels. This rally eventually reaches a peak near $74,000, marking a key resistance level on the chart. 2. Fibonacci Levels: - Fibonacci retracement levels have been drawn from the previous upward move, showing key levels at 0.5 (61,417), 0.618 (64,598), 0.79 (68,858), and 1 (74,121). These act as potential support and resistance zones as price consolidates. 3. Symmetrical Triangle Pattern: - A symmetrical triangle is evident on the chart, forming since mid-2024. This pattern indicates market indecision and signals that a major breakout may be imminent. - The resistance and support lines of this triangle are clearly outlined, suggesting a strong price movement in the event of a breakout. 4. Key Price Levels: - The current price is around $63,212. - Two possible targets are visible following a breakout: - Bullish Target: If Bitcoin breaks to the upside, the chart suggests a potential rally toward $100,000, a highly optimistic price target. - Bearish Target: On the downside, a move toward $23,000 is expected if the triangle breaks lower, marking a crucial support level. 5. Support and Resistance Zones: - The purple shaded areas represent significant support and resistance zones where the price has reacted multiple times. The current price is compressing between these zones, awaiting a decisive move. 6. 2025 Forecast: - The green arrows and projected lines suggest two potential outcomes for 2025: - Bullish Scenario: A breakout to the upside, with Bitcoin targeting the $100,000 level. - Bearish Scenario: A downward move could see the price retracing back to $23,000 as a key support. My Analysis: The symmetrical triangle pattern and price compression signal that the market is gearing up for a strong movement, though the direction remains unclear. The eventual breakout of this triangle will be crucial in determining Bitcoin's next significant move. If the price breaks upwards, it could target higher levels, potentially surpassing the $100,000 mark. Conversely, a downside breakout may result in a sharp correction towards the $23,000 support zone. In terms of risk management, it's prudent to wait for a confirmed breakout before committing to a particular direction, as the subsequent movement is likely to be significant. What’s your opinion on Bitcoin's trend? Share your thoughts in the comments!
by ScorpionX_Co
1
$BTC will Re-testBitcoin has broken out of its strong dynamic according to the analysis, but it still needs to provide us with a retest. I expect Bitcoin to correct from one of the prices around 70K or 72K, dropping to 64K for the retest before continuing its upward trend. In my opinion, a Bitcoin surge is imminent, but technically, it needs to retest our range before that can be confirmed. Personally, I believe we are on the verge of an altcoin season, and I recommend starting to build your portfolio gradually.
by ScorpionX_Co