USDTBTC trade ideas
Short trade
15min TF entry
Sellside trade
NY Session PM
3.45 pm
Tue 19th Nov 24
Entry 92857.4
Profit level 91865.6 (1.07%)
Stop level 93158.6 (0.32%)
RR 3.29
Reason for entry: Reached a piviot supply level bias for sellside delivery
Calling Danger Area For BtcGreetings, friends,
Based on the weekly analysis presented to you, we can see that the price has reached the PRZ (Potential Reversal Zone) of the Fibonacci and has shown a reaction to this level.
Currently, the price is within a triangle pattern that could also evolve into a rising wedge. Considering the liquidity trendline formed above the 86,000 level, and the fact that within the next two days, we will reach a higher time frame Fibonacci time zone, the 94,000 to 95,000 range could act as a strong reversal point. This might pull the market down temporarily to provide liquidity or even lead to a broader correction (due to reaching the top of the weekly channel).
For this scenario to fail, Bitcoin needs to break above the 95,000 level decisively with strong volume and momentum, paving the way to the 110,000-dollar target.
BTC typical fake outTypical fake move and thanks to my indicator alerted me on my mobile phone so that I managed to close my long trade with just a small profit and shorted right away.....
An opportunity for those who stayed behindThe market is ready for a relatively big drop, the RSI certainly confirms this, and this is a correction, not a big drop
Even until filling the gap, the market is OK/when we can say that the market is not good when the price goes below 74,000 dollars/as I said, this is a great opportunity for the survivors.
Waiting RoomThe $100k BTC mark has been a mythological target for crypto traders for a very long time. It felt so near back in 2021, yet proved to be so far. In the end, we even went below $20k again before going back up this year. When you are reading this, 1 Bitcoin might well already be worth over $100,000. But for now, over the past 24h, it has continued to remain tantalisingly close to the magic number. Crossing this price point would be yet another major milestone in a year that has already seen the approval of Bitcoin and Ethereum ETFs. It is now a waiting game.
Once that $100k threshold will be inevitably crossed, all eyes will be set on what is next. Of course, as usual in moments of euphoria, crypto bulls compete with each other to set ever higher price targets. Will MIL:1M be the next one? Or is $500k already big enough? Many Bitcoiners will argue that the next target is gold Market Cap parity. After all, Bitcoin claims to be the digital gold with all of gold's benefits such as scarcity but with far easier movability and programmability on top. Gold's current market cap is $18 trillion. Bitcoin's market cap in the meantime is at around $2 trillion. The potential upside if this thesis plays out still seems juicy, particularly for traditional funds and investors who value Bitcoin's 'established' status as macro asset.
One of the main characters in the current market environment remains Michael Saylor, founder of Microstrategy (MSTR). Microstrategy is a legacy tech company that had seen its previous all-time high before the dotcom bubble burst in 2000. Since starting to accumulate Bitcoin in 2020, Michael Saylor has turned MSTR into a leveraged proxy for the Bitcoin price. Over the years, Microstrategy has sold additional shares and then used the proceeds of those sales to purchase Bitcoin. In addition, the company issues convertible debt offerings at 0% interest and uses the funds to buy more Bitcoin. These offerings are appealing to institutional investors because they offer exposure to Bitcoin while limiting the downside risk. The company's 2027 convertible bond, which also has 0% interest rate, trades 200% over par. MSTR's stock as well as its convertible bonds are now proxies of Bitcoin exposure. Microstrategy's Bitcoin holdings now stand at 331,200 BTC, worth $30.4 billion. This is almost 1.6% the entire Bitcoin supply. Meanwhile, the company's market cap is at $80 billion, showing a more than 2x premium over the company's Bitcoin holdings.
Many traders of course are deeply sceptical about this setup. Too much post-traumatic stress from the 2022 blowup not just of Luna/Terra but also of the Grayscale trade remains. For those who do not remember, the Grayscale Bitcoin fund was a pre-ETF Bitcoin fund that was open to traditional investors. It was essentially a proxy for holding Bitcoin. For years, it traded at a premium. Funds, such as Three Arrow Capital, would leverage up on Bitcoin, deposit into the fund and then sell fund shares at a premium. But when the premium flipped negative in 2021, it signalled the beginning of the end for many overleveraged funds and traders. The case of MSTR seems somewhat different, but traders should watch the amount of leverage at play and which direction the MSTR premium over Bitcoin will go for an indication of the market cycle.
Whichever way this goes, it certainly does fill like the markets still have room to run. So for now we all remain in the $100,000 Waiting Room. It should not be much longer from here.
BTC thesis with RAG AI by Titan_KarmaThe current investment thesis for Bitcoin (BTC) indicates a strong bullish sentiment, with the price recently reaching $97,400. Given the recent news highlighting the potential for Bitcoin to approach the $100,000 mark, traders are advised to maintain their LONG positions. However, caution is warranted due to profit-taking activities and the possibility of increased market volatility.
Incorporating the last open long price of $97,071.99, it is essential to monitor market indicators closely. The current trading volume of approximately 25,514 suggests active participation, but the mixed long-short ratios indicate a divided sentiment among traders. This necessitates a careful approach to trading decisions, particularly in setting stop-loss orders to safeguard profits.
coinglass_data: Real-time data from Coinglass shows that open interest is increasing, indicating growing market participation. The weighted funding rate remains neutral, suggesting no immediate pressure on either side. Liquidation levels are being monitored closely, as sudden price movements could trigger significant liquidations.
Expert Consultation: Market experts are currently bullish on Bitcoin, with many suggesting that the upward momentum could continue if key support levels hold. Analysts recommend watching for any signs of reversal, particularly if the price approaches resistance levels.
coinmarketcap_data: According to CoinMarketCap, the market cap for Bitcoin is robust, with a liquidity score indicating healthy trading conditions. The recent candlestick patterns suggest bullish continuation, but traders should remain vigilant for potential pullbacks.
sentiment: Sentiment analysis from Augmento.ai indicates a predominantly positive outlook among traders, with many expressing confidence in Bitcoin's upward trajectory. However, caution is advised as sentiment can shift rapidly in response to market news.
binance_data: Technical indicators from TradingView reveal that the volatility index is elevated, and order book dynamics show significant buy walls at current levels. Price action signals indicate a potential for breakout, but traders should be prepared for possible corrections.
In summary, while the bullish trend is evident, it is crucial to implement risk management strategies, including setting appropriate stop-loss levels to protect gains. The historical performance of Bitcoin suggests that maintaining a disciplined approach will be key to navigating the current market conditions effectively.
TRADE RECOMMENDATION
json { "OUTCOME": "HOLD_BUY", "STOP_LOSS": "$95,000.00", "TAKE_PROFIT": "$100,000.00", "CONFIDENCE_LEVEL": "85%", "EXIT_POINT": "$98,000.00", "ENTRY_CRITERIA": { "TIMEFRAME": "1h", "RSI": "above 80", "MACD": "above 0" }, "CURRENT_OPEN_LONG_POSITIONS": 11, "CURRENT_OPEN_SHORT_POSITIONS": 0 }
BTC: Road to $100K.BTC is just 4.5% away from reaching its record-breaking all-time high of $100k. This milestone will set a new record for BTC, solidifying its status as the only unbeatable and unparalleled coin to date.
BTC is moving parabolically and is currently in its price discovery phase, with new all-time highs being achieved almost every week.
Will it stop at any point?
During this phase, it’s quite challenging to predict where and when BTC might pause. Sooner or later, BTC is expected to hit $100k, but what lies beyond that is difficult to forecast. For now, $100k is the target we’re all anticipating.
BTC Long : Ascending Triangle PatternBitcoin price finished painting ascending triangle pattern looking at 1hr time frame breaking above the 93.5K resistance.
Uptrend is likely to resume with next area of interest at 100 -115K
BTC analysis 4H - Nov 18 2024Analysis on BTC shows that we can expect a short-term correction in the market. As price and volume divergences have appeared on the chart, it can be safe to assume that BTC can't probably proceed to higher levels without having some price or time correction. The blue trendline on the chart is the trigger line for a price correction. The first target of the drop is the 85,000 level and then 80,6500 and 77,000 levels can be touched as well. Is BTC going to fill the CME gap? if so, the drop will be a perfect chance to buy potential altcoins for a nice gain.
The other scenario is also shown on the chart, in which there will be another new ATH before dropping to fill the CME gap.
BTCUSDT in WEEKLY timeframehi friends this is just update of my last analysis of btcusdt
i think there is a dynamic resistance here ..
so take care!!
if u like this pleas say me in coments.
Btcusdt to where?We can notice first of all head and shoulders and that was the reason for the last uptrend
If we count the distance from the head till the nick and we count it after passing the nick we can see that our first Goal on btc is at 105k so there will be the best Goal if it didn’t reflect from 99k which is a cluster of 270 and 540 angle of gann star counting from 3782.13 and 49k
Second thing is the volume, we can see that for the current uptrend the volume is going down so there is weakness with this trend so we are expecting a correction and the next correction will tell us if it will go on or it will be it’s last station
The last thing is that there is a trend line from last two tops till the current high and we can see that it closes as a daily candle three days above it but if we check on the weekly candle we can see that by the ending of this week it needs to close below it if it’s gonna be the last station but if it closes above this trend line I think that we will see continuing for the uptrend
BTCUSD will break through 100000!On the 4-hour chart, BTCUSD fluctuates upward, and the bullish trend is dominant. Currently, you can pay attention to the support near 94800. If it falls back and stabilizes, you can continue to buy. Pay attention to the upper resistance of 10000.
sentiment indicator shows off it potential again (PAID INICATOR)another great move captured.. it is able to capture sideways momentums as well.. this is the real power of sentiment indicator.. you will not find any other indicator doing such job.. haven't seen either.. its better than lux algo sentiment indicator..
BTC is still bullish (15M)By maintaining the green range and not closing the 4-hour candle below the invalidation level, Bitcoin can reach the level of 94K.
Everyone is waiting for Bitcoin and the market to fall, but the weekly and medium-term charts say something else.
However, manage risk because smart traders always manage risk.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
$BINANCE:BTCUSDT Is It Happening for Dream $100K? see on chart..BINANCE:BTCUSDT Is It Happening for Dream $100K?
U.Today - Historical data indicates that meme coin volume spikes frequently correspond with the peaks of the price of Bitcoin; the recent surge in the volume of trading in meme coins is causing concern throughout the cryptocurrency market. Every significant increase in meme token volume like those in early 2021, mid-2021 and mid-2023 corresponds with notable peaks in the price of Bitcoin followed by notable corrections. At the moment Bitcoin is trading slightly above $91,000, setting new annual records and ignitinga general uptrend in optimism. The overlay of the Bitcoin price and meme coin volume, however, points toa cautious approach. The magnitude of recent meme coin trading volume spikes is comparable to those of previous events that preceded Bitcoin market peaks. BINANCE:BTCUSD
The price chart for Bitcoin shows that it has risen parabolically in recent weeks. Relative Strength Index (RSI), which is circling close to overbought levels. High levels of activity are also evident in volume trends, which may indicate a shift from accumulation to distribution among larger holders. Even though it would be easy to think that this time is different, it is impossible to overlook the convergence of on-chain signals and historical data. After surpassing crucial resistance levels at $70,000 and $80,000, Bitcoin is currently up against psychological resistance at $100,000. The strength of selling pressure may determine whether we witness a retracement to support levels of $78,000 or even $68,000 if meme coin activity signals another Bitcoin peak. The behavior of the cryptocurrency market is still cyclical, and trends like these are frequently significant. In order to determine whether Bitcoin's current rally has more room to grow or whether this spike in meme coin mania is actually an indication of an impending reversal, investors should monitor trading volume dynamics, on-chain activity and macroeconomic factors.
#CPI_BTC_Watch #NextMarketMoves #CryptoMarketMoves #cpi #SUBROOFFICIAL
BTC, could it be that simple?We've seen a surge of BTC of late, and a wonderful popcorn affect of a large number of ALTs, including some lesser known one. The upper trend line could act as resistance for BTC pushing it down slightly to complete wave 4 of 5. Not forgetting that this is only wave ONE of 5 of the highest degree of trend. So, we still have 2,3,4 and 5 to go to the upside. Forewarned, there may well be a little bump down as we buffet against the upper trend line but what goes down, must go up! Follow for more.
King BTC 1HThe path that can be estimated for the price of Bitcoin is probably from 92,800 to 84,000 to 85,000 again.
SHORT AND SWEET! MY NEXT PLAY !ideally we see a deeper break of structure from this range we are in but regardless, we are looking to catch the continuation and deviation plays as usual.
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#BTCUSDT: As advised in our last chart, price has hit 80K, 100K?Dear Traders,
As we had explained our previous analysis, that price is likely to reverse from 66k, now since price has crossed 77k region and its on the verge to hit 80k. We can expect a strong price movement now. The momentum has not shifted now after months and months of wait for bitcoin to hit the record high of 100k. Good luck.
BTC/USDT WEEKLY CHART UPDATE !!
Bitcoin has broken out of the inverse head and shoulders pattern on the weekly timeframe, showing strong bullish momentum supported by high volume and the Ichimoku Cloud. A pullback for a retest above the breakout level may occur, possibly filling the CME gap, which could set the stage for a rally above 100K.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
