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BTCUST trade ideas

Bitcoin Buy The Dip !Hello, traders! 🚀 Welcome to another exciting analysis of Bitcoin’s price action. Bitcoin has been following a well defined ascending channel for several years respecting both its support and resistance levels so let's discuss about this. Bitcoin's Long-Term Ascending Channel: A Technical Analysis Introduction-: Bitcoin has been following a well-defined ascending channel for several years, respecting both its support and resistance levels. Recently, BTC broke out above a key level at $71,000 which now acts as a potential retest zone before further continuation. In this article, we will analyze the price action, discuss the importance of this level, and assess the potential upside towards channel resistance. Additionally, we will analyze a recent Bearish Wyckoff Distribution pattern, which played out in a consolidation range between $91,000 support and $106,000 resistance, leading to a breakdown. Understanding the Chart Structure-: The Bitcoin/USDT chart showcases a multi-year ascending channel, with prices moving within a clear range of higher highs and higher lows. The key elements of this structure include: Channel Support-: The lower boundary, where BTC historically finds buying interest. Channel Resistance-: The upper boundary, which has served as a major price ceiling in past bull runs. Breakout & Retest Zone-: The critical $71,000 level which was recently broken but still awaits a retest on the monthly chart. Bearish Wyckoff Distribution Breakdown-: Another important pattern observed is a Bearish Wyckoff Distribution, where Bitcoin consolidated within a range of $91,000 support and 106,000 resistance before breaking down. This pattern suggests that larger players may have been distributing their holdings before the recent drop. The breakdown from this consolidation zone indicates a bearish shift in market structure which could signal further downside pressure if BTC fails to reclaim the previous support levels. Bearish Wyckoff-: Trading Plan from Retest Zone-: With the $71,000 retest still pending, traders should consider the following scenarios: Long Entry-: If BTC successfully holds above $71,000 on a confirmed retest, a long position targeting $115,000 - $200,000+ could be viable. Stop-Loss Placement-: Long traders should consider setting stops below $69,000. Why the $71,000 Retest is Important-: Retests of breakout levels are crucial in technical analysis. If BTC successfully holds above $71,000, it could confirm a bullish continuation, reinforcing this level as new support. However, a failure to hold could indicate a potential fake breakout, leading to a deeper correction. Successful Retest-:If Bitcoin finds support here, it increases the probability of an upward move towards the next resistance, possibly targeting $200,000 based on the channel projection. Failed Retest-: If BTC falls back below $71,000, traders should watch for further downside, possibly testing mid-range levels before resuming an uptrend. Market Psychology: Buy the Dip ? The phrase "Buy the Dip" seen in the image represents a popular trading mindset, where investors take advantage of price corrections within an uptrend. Given Bitcoin’s historical price movements, each dip towards key support levels has historically provided strong buying opportunities. However, waiting for a proper retest confirmation is essential before making an entry. Key Takeaways-: 1. Bitcoin remains within a long-term ascending channel. 2. $71,000 is a crucial level that still awaits a retest on the monthly chart. 3. A successful retest could propel BTC towards the upper channel resistance, possibly over $200,000. 4. Failure to hold above $71,000 may trigger further corrections. 5. A Bearish Wyckoff Distribution led to a breakdown from the $91,000 - $106,000 range. 6. Patience is key—wait for confirmation before making significant trading decisions. 7. A trading plan with risk management is essential before taking positions. Final Thoughts-: Bitcoin’s recent breakout is an exciting development, but traders must watch how BTC reacts to its retest zone. With strong market momentum and historical patterns suggesting a continuation, the ascending channel remains intact. However, the recent Bearish Wyckoff Distribution breakdown adds a new layer of caution for traders. Whether you are a trader or a long-term investor, understanding these key technical levels can help you make informed decisions. Let’s keep an eye on that monthly retest—the next big move could be just around the corner! 🚀 Best Regards- Amit
Long
by AMIT-RAJAN
4
Paper Trade 3London session bias short odds: london high is in. setup: was watching the bullish retracement for a possible short entry that would align with my bias. after seeing price mitigate some order blocks, and then proceed to create bearish price action, i found another order block, with a fvg below it. as you can see, price wicked the OB. i kind of rushed the entry, i was not going to wait for price to retrace into ANOTHER poi within. thats just too much. analysis paralysis. i essentially did a market order, and entered basicially as soon as my OB had been hit and price started to move back below. i had already a CHOCH and a BOS to confirm bearish movement. TP is at 2:1 rr. aiming at swing low == liquidity. in real life, i would take 50% profit at 2:1, and let the rest run . uhhhh anything else i missed will be added in the notes.
Short
by GM_Gismo
1
Looking at the BTC/USDT weekly chart,The current price of Bitcoin is around $92,214, which represents a recent decline of around 4.2%. This indicates some selling pressure in the market. The chart displays a classic cup and handle pattern, which is generally bullish. A consolidation (handle) followed by a rounded bottom (cup) suggests the possibility of a breakout if the price crosses resistance. There is a significant horizontal resistance near $96,500. A successful breakout above this level could signal a new upward trend. The price is currently above key support, but a move below $90,000 could be significant. If it stays above this level, it could signal continued bullish sentiment. The general trend appears upward since early 2023, supporting the bullish outlook until key resistance levels are broken. Consider monitoring volume and other technical indicators to confirm trend strength, especially during potential breakout attempts. If you have specific questions or need insight on particular aspects of the charts, let me know! If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters! Thanks for your support! DYOR. NFA
by CryptoSanders9563
Live Crypto Trades in Action! Watch My Morning Entries Turn Pro 📌 Description: 📊 Real-Time Crypto Trading! 🚀 This morning, I shared my crypto trade ideas on TradingView and entered key positions based on technical analysis. Now, I’m back with a live market update showing how these trades are playing out—turning profits in real time! 💰 🔹 What’s Inside? ✅ My exact crypto trade entries & strategy from this morning. ✅ Live profit updates & market breakdown as trades unfold. ✅ How I use chart patterns, volume, and key levels to maximize gains. ✅ Pro tips on risk management & trade execution. 📉📈 If you’re serious about trading, watch and learn how real strategies play out in the market! 💡 Drop your thoughts in the comments & follow for daily trade insights! 🔥 #CryptoTrading #TradingView #Bitcoin #Altcoins #ProfittoPath #TechnicalAnalysis #DayTrading #CryptoSignals #StockMarket #BTC #ETH #TradingStrategy
Long
by ProfittoPath
It's Time for Bitcoin's Future Trend!As I mentioned in my post yesterday, there was a possibility of the price dropping to the 0.5 Fibonacci zone, from which I expected active buying followed by a trend reversal for Bitcoin and the entire crypto market. The price of Bitcoin has dropped to the 0.5 Fibonacci level, and this was enough to trigger a reaction. We’ve already seen a +2,000 price bounce, and there may still be some volatility with price movements up and down, but a drop below 82k is unlikely. I’m waiting for the daily candle to close, after which I will consider my strategy for opening a position.
Long
by GarateTradeCrypto
Weekly ShortAn inverse head & shoulders, with a falling wedge, all great ways to induce buyers into the market once the new week opens. Buyers would consider an immediate drop on the week Bullish. When the weekly opens, it may in fact drop momentarily to 94k to create this pattern and start going back up. This would liquidate weekly open high leverage bears and encourage bulls to open positions. In this scenario, many would lose money, as TP's are unrealistic. Last time the weekly did not liq grab and it dropped, so it would create FOMO shorts this week. Also weekend liquidity still has not been grabbed.
Short
by reiiss7
BITCOIN Final update !!! We're about to BOOM!!!According to bigger picture, we're still in bull market, 5th of macro and ending 4th of micro elliott wave. Good news is, that we're about to get back into bullish mega green candles soon!! BTC's major CME gap has been filled and this was also the region where FVG is also available and also corrective pattern (double three) Y ends in this region in combining with expanded flat's C. we may most probably by will of GOD almighty will see green days in coming weeks. Targets of wave 5 are up to 120-130K region.
Long
by CryptoBlinders
Did Bitcoin Just Trick the Bears? RSI Says Yes!Bitcoin's recent price action suggests a potential bear trap, as the price sharply dipped below a key support zone before rebounding. The sudden breakdown may have triggered panic selling, but the rapid recovery and bullish divergence on RSI indicate that this could have been a false breakdown designed to shake out weak hands before a stronger upward move. The price is now reclaiming levels above the previous demand zone, signaling a possible reversal. If Bitcoin sustains momentum and reclaims the $90,000 region, it could invalidate the bearish breakdown and push toward new highs.
Long
by unichartz
Capturing Market Moves with the Special Candle SetupOverview The Special Candle Setup Indicator has once again proven its effectiveness in detecting high-probability candlestick formations. In this chart, a bearish pattern was identified at the top, providing an early indication of a potential downside move. This setup allowed traders to position themselves accordingly, capturing the downward trend efficiently. How It Worked Here 🔹 Precise Bearish Signal – The indicator detected a bearish pattern at a key resistance level, signaling a potential reversal. 🔹 Well-Defined Key Levels – The automatically plotted blue support line and green resistance line provided crucial reference points for trade management. 🔹 Trend Continuation Confirmation – The setup was followed by further bearish price action, validating the accuracy of the signal. Key Takeaways ✅ Early Signal Accuracy – The indicator highlighted the reversal before the major drop, reinforcing its reliability. ✅ Multi-Market Application – These candlestick formations are not limited to expiry days; they are observed across crypto, forex, stocks, and indices. ✅ Customizable for Different Strategies – Users can enable or disable specific pattern types (bullish/bearish or reversal setups) based on their trading style. Why This Matters? Price action remains one of the most powerful trading tools, and this indicator helps traders automate pattern detection while integrating dynamic support and resistance levels for added confluence.
Long
by TradeTechanalysis
BTCUSDT, Bearish Scenarios for upcoming days ...Hello Traders, Hope you're great. for Upcoming days, I anticipate 2 Bearish scenarios : In First Scenario, I expect price does an upward correction to the nearest broken support level that became to an important supply zone around 91-93K and after that starts to drop. in Second scenario, I expect price does a further upward correction and goes to the supply zone around 95-97K and after that start a major downward movement. Targets are 85K, 82K and my final target is 77K. Don't forget to use proper risk management. And finally tell me what do you think about BTCUSDT, UP or DOWN ? comment your opinion below this post.
Short
by aminrzb
1
BTC—Bearish Divergence Spotted BTC To Continue Fall?Bitcoin is near the $80k area. After making a high of $109,588 on 20th January, BTC has shown weaken momentum and an indication of plummeting from the peak. Bitcoin has recently broken its support of the sideways range of $89,427. Due to global tension and overall economic turbulence, BTC is witnessing a fall. As per experts, this is a failure of the bull run in BTC. Using the Relative Strength Index, we can observe the Bearish Divergence on BTC. The next possible level for BTC to halt is near $73,690. Let's see where BTC takes a halt. Note: This is not a financial advice but an analysis to explain the current situation of BTC. Kindly consult your financial advisor before investing.
by iAhadKhan