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BTCUSDT trade ideas

#BULLISH BREAKOUT ON WEEKLY CHART ⟶ BITCOIN'S NEXT MOVE!Bitcoin analysis #BITCOIN** 📈 Based on the weekly timeframe In the previous #BITCOIN analysis post, I predicted a drop based on the formation of a rising wedge pattern, which happened, and the first and second targets were achieved based on that analysis. 📊 However, before this drop, something happened on the weekly timeframe that could turn the trend bullish. The bearish channel on the weekly timeframe was broken to the upside 📈, a channel in which #BITCOIN had been fluctuating for 210 days. As a result, the drop after this valid bullish breakout should be considered a pullback before the continuation of growth. Currently, #BITCOIN has again hit the top of the bearish channel from above and has a chance for the pullback to end at this range and enter a bullish phase 📈. I will explain the condition for the pullback to end and the start of growth in a lower timeframe. ⏳ Next growth targets based on this scenario, from short-term to long-term: 🎯 **Target 1:** 71482.50 🎯 **Target 2:** 73905.46 - 74742.17 🎯 **Target 3:** 82067.60 🚨 **Stop-loss for the bullish scenario:** If #BITCOIN manages to reconfirm below the bearish channel from above and loses the support of the bearish channel's top (a valid breakout of the channel's top), then the bullish scenario will be canceled, and the trend will change from bullish to bearish. 📉 ............................ Continuation of #BITCOIN analysis📈 Based on the 1-hour timeframe There are two scenarios for #BITCOIN growth based on the weekly timeframe view. Scenario 1: Considering the touch on the support of the bearish channel's top, if there is growth and a breakout of the bearish channel on the 1-hour timeframe and resistance at 66963.27 on the 4-hour timeframe, we will have confirmation of growth. 📊 Scenario 2: If there is no growth from the first support and the drop continues, one of the support levels at 64526.53 or the lower leg of the wedge on the daily timeframe could be where a bottom forms (I’ve talked about the wedge in previous analyses, which I will pin for you below). ⏳
Long
by Eldorado_Land
BTCUSDT.P Hello dear traders, As we can see, the price of BTC is dropping quite fast. Since we're utilizing a **long-only trading system**, this isn't our moment to act, but it's a good time to observe and patiently wait for the next opportunity. While the market trends downward, it’s crucial to remain disciplined and avoid reacting impulsively. In the meantime, let's stay calm, prepared, and stick to the strategy. Patience is key in volatile markets like this. When the time comes, we’ll be ready to take advantage of the opportunity.
by vagada
Bitcoin price correction will begin soon...Fundumental - According to the latest news, Tesla company has transferred 12,000 of its bitcoins. It is not clear what they have decided, but it is clear that if these assets are sold, we will see a sharp drop in the price. On the other hand, the situation in the Middle East is extremely unstable and there is a possibility of a full-scale war at any moment, which will lead to the instability of financial markets, especially high-risk markets. Technical - There is strong and credible daily channel as you see in the chart. This channel was started in the daily time frame about 8 months ago and is still valid. Currently, BTC is moving near the resistance lines and the Potential Reversal Zone. In my oponion, Bitcoin price correction will begin soon. Everything clear in the chart. Enter: 68K - 69K TP1: 65K TP2: 60K TP3: 50500 SL: 71K ** Please follow your strategy and do your research before trading; this is just my Idea, and I will glad to see your ideas in this post.
Short
by meh_shad
2
BITCOIN DROPPING 35K, SURPRISE?!Hey, How you’ve been doing?! Hope you’re doing great, living a wonderful time and life. As we can see, Bitcoin's High was in March and although it has kept us super attentive to it in the last 7 months, in August we had the Low that although it felt a little, it was still only the beginning of what we will see. A few days ago it went up to 69,000+, but it still did not reach the resistance from 29 July (70,000), which tells us that bullish momentum was not enough. What I can see is that its tendency is to go down soon in a fast and surprising way. Something like 35k. Get ready! As soon as it is ready to go up, we will see each other again. Until then!
Short
by CandyBTEE
4
Small dip before big pumpLooks like we got the small dump before we pump. This was kind of expected as nasdaq stocks were a bit over extended, I’m not to concerned stack sats every time the price dips. Not financial advice though but we’re looking Canada cut rates by .50 if they were a real economy the markets might actually care. But China has to ease and the US has to continue on the path it’s on. I think BTC is pricing in a Trump victory but I want to be clear BTC does not need him or anyone. The options are more important to me all the haters can short and get squeezed and we can start wheeling $ibit.
Long
by TradeBroInc
BTC - Testing Critical SupportRight now Bitcoin is at a pivotal level. After the recent breakout above our red line of old resistance price is currently trying to flip it into a new level of support. If this retest is successful then Bitcoin will be able to increase to fight the $70k+ resistance levels, if price cannot hold this trendline, the upwards move could be delayed for some time as this would represent a fakeout. Most likely price should hold here given our 4H RSI is at oversold conditions. I have outlined with green bubbles every time price has reached oversold conditions on the 4H and each time we have seen a bounce. No confirmation on the 4H yet, but be watching for the signs I have outlined above.
by VIAQUANT