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USDTBTC trade ideas

BTCUSDT URGENT LOOK 4H. IS THE TOP IN?Let's get some major point clea r: 1. AMEX:BTC is still overbought. Bulls or "moonboiz" must not leave in denial anymore. 2. PA shows a decrease of -1.7% in the last 24-hours 3. The 100k psychological level has been difficult to maintain for Bitcoin. The channel shows a weakening run, which is expected at this point. The complete correction is yet to happen, only flashes of volatility. If BTC breaks out and down off the lower channel, that will signal the start of the needed correction. 200 EMA will be in play (92k - 90k) On the bright side, 4h TF is looking too juicy already and same for many Altcoins , I expect AMEX:BTC to pump anytime soon , while the alts will follow. For this bitcoin must catch the 98k price level and hold it . AMEX:BTC must overcome the resistance price level and reclaim 98k - 99k . Mondays are usual bloodbath due to Market fresh actions. Small traders are driving the volatility at the moment, while large investors are holding strong. Monthly looks good for bitcoin as well, which makes me not cancelling 120k - 140k bitcoin price in this run. I'll be neutral for now, update to follow soon. Like and follow. Comment if you disagree.
by CryptonKidd
A Drop Ahead? Analysis of Bitcoin against the dollarHello investors, I would like to share my perspective on Bitcoin for the next few days and explain why I am betting on a drop. Bitcoin recently made 2 bulltraps at the important $100,000 level and it seems to be forming a head and shoulders pattern on a daily basis. I believe that this movement has the possibility of correcting to around $70,000 due to the existence of a very important support, the convergence with the Fibbonatti levels at this level and the break of the trend line in the RSI. Reasons for selling: 1 - Formation of a head and shoulders pattern. 2 - Two bulltraps at the $100,000 level. 3 - Break of the trend line in the RSI. Target at the next important support.
Short
by Bitnauta
100k BTC Psyche RegionCan't say I know the absolute direction here, but noticing some patterns including fundamental developments, here's some observations: Technical: -Doji's on the monthly in the has shown positive following candle -Psychological 100k resistance is expected, potential breather to tap previous supports -Volume has been decreasing as the rally has manifested as major players entered at the 20-30ks after the 2021-2022 excitement Profit taking may happen, tho as per 3's, if a Doji symbolizes a change in trend and it hasn't happened twice now, the 3rd time might be the one for a correction to previous psychological values like 80k before buyers return. Fundamentals: -Inflation has re-emerged in global economies sparking concern for hedges against rapid inflation in the future, so this value will be extremely giving of the direction in crypto -Financial Institutions have started piling into XRP, BTC, and other cryptos so demand still exists not just in the retail sector but now the multi-billion dollar business market. -As per previous Idea's money velocity, treasuries, and other inflationary concepts tend to guide crypto in a specific manner independent to their fundamentals. -Rotations can happen in all sectors including Equities: Large cap to Small cap as well as crypto, BTC/ETH to Altcoins. Naturally a release of liquidity is necessary in order to rotate from one to the other so drops can happen before rotations commence. Overall Fundamentals > Technical so I lean towards a more bullish expectation on the Doji candle, at around a 70-80% chance considering especially institutional liquidity entering crypto and inflation motivating retail to get crypto. Tho i do not disqualify technicals manifesting due to human psychology following patterns and the natural habits of people and algo's constructed by humans. Waveforms of both emotions and markets are hand in hand like peanut butter jelly, underestimating how connected our expectations of trends are and how they manifest from said manifestations. On top the roller coaster of life tends to pull us around up and down, we don't go up forever, and neither do we go down, tho it sure does feel like it when emotions and adrenaline pulses through our body during the moments of euphoria or dread. Stay rational, Stay frosty, Good luck!
Long
by SuperScholarXYZ
Possibility of sideways until the next volatility period (Title) The key is whether sideways can occur until the next volatility period ------------------------------ Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (USDT 1D chart) (USDC 1D chart) (BTC.D 1D chart) (USDT.D 1D chart) The point to watch for USDT and USDC is whether they can maintain their upward trend. BTC dominance failed to fall below 55.01 and is showing signs of touching the MS-Signal indicator. The key is whether it can meet resistance near the MS-Signal indicator and fall. The key is whether USDT dominance can meet resistance near the 3.92-4.31 range and fall. I think that for the altcoin bull market to start, BTC dominance needs to fall below 55.01 and remain there or continue to fall. For the coin market itself to maintain an upward trend, I think that USDT dominance needs to remain below 4.97 or continue to fall. Therefore, we need to check whether the content I mentioned above is maintained or whether it satisfies the content for BTC. ---------------------------------------- (BTCUSDT 1D chart) As I mentioned yesterday, there has been a movement in BTC dominance and USDT dominance. However, I think that for the trend to change, it depends on how BTC moves around 95904.28-98892.0. That is, if the price is maintained around 95904.28-98892.0 until around December 27, I think it is highly likely that the StochRSI indicator will be reset and the upward trend will continue. Otherwise, if it falls below the M-Signal indicator on the 1D chart, that is, below the MS-Signal indicator, and shows resistance, it is likely to touch the M-Signal indicator on the 1W chart. This movement can be seen as a pull back due to profit taking to relieve fatigue from the upward trend that has continued so far. I think this can be seen as profit taking for the upward trend that started in 2023. - Due to this decline, the BW(100) indicator is showing signs of being created at the 101109.59 point and the HA-High indicator at the 97821.58 point. Accordingly, we can see that the high point section has risen. Therefore, if the HA-High indicator is generated at the 97821.58 point, the key is whether it can be supported and rise around this area. In any case, what we need to look at importantly is whether it can be supported and rise around the M-Signal and MS-Signal indicators on the 1D chart. The key is whether it can be maintained until the next volatility period, around December 27th. To do so, I think funds should flow out of altcoins and the price of BTC should be defended. I think it is currently showing that pattern, but I will have to wait and see a little longer. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
1
getting weaker bearishnormally wick candle comes out when market is strong. but it can also be turning trending signals. i mean it was pretty strong bullrun, so there can be a little chance we can go back to bullrun. but if you see altcoins losing power also and some memecoin is going up then.. its likely to lose some power there. the question is where should we long.. if you dont want to miss any of bullish chances, I would say long or buy at 90k. but fi you wan to take some risk then prob 75k where the gap is in cme or 85k where there is a lot of fib line stacked. i personally do no think it will dip more than 75k. so if you are longing you can keep that as liquidation price. lets see how it goes..
Short
by Bincoti_trade
1