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USDTBTC trade ideas

Volatility period expected to continue until November 20 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The shape of the candle (Doji, Star) and StochRSI and StochRSI EMA are showing signs of crossing. Accordingly, the key is whether it can receive support and rise near 90375.20. If not, 1st: 87.8K-89K 2nd: 83.6K It is expected to fall to the 1st and 2nd areas above. This volatility period is expected to continue until November 20. - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been in an upward trend since 2015. In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not 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
BTCUSDT 96 ATH and soon dump to 69k\ VERY BIG RRI proceed from the fact that 69 and 96 are mirror values, they are related to each other as yin and yang, plus if you remember what the effect was when bitcoin was 69k and then what news appeared, there is a full probability that they can make bitcoin high in the zone of 96 and then a strong decline in the zone of 69 from where there will be a reversal of the price up with the subsequent breakdown of the price at 140k. What is the probability of that? I don't know, but even if it is 10% that it will come true, the risk/reward ratio is huge, I think it is worth a try. You should keep an eye on niskoliquids, because at the end of a strong growth they start to shoot and this is an indicator of the end of the bull run. There can be local very bad news for the price direction downwards, such as something found during searches, sold at the market, some hacker attacks and then finding guilty of it to the applause of the public.
Short
by FTT_TRADER369
BTC Update: Approaching Key Levels – Correction and Final Surge Considering the current BINANCE:BTCUSDT movement dynamics, this distribution model seems the most likely. In the next few days, COINBASE:BTCUSD will likely break through the psychological 100k mark. Once in the 100-108k range, we can expect a sharp, deep correction. Once that correction completes, the asset will continue its upward movement, reaching levels between 110-140k per coin. The global BINGX:BTCUSDT.P chart now looks like this.
Long
by shakatrade1_618
BTC Trading in Price Discovery Zones (Price analysis)Bitcoin in Price Discovery: Understanding and Trading in Uncharted Territory When Bitcoin or any asset reaches an all-time high (ATH), it enters a phase known as price discovery. In this phase, the market operates without historical price references, navigating uncharted territory to determine fair value. For traders and investors, this presents both an opportunity and a challenge. Employing techniques like Elliott Wave Theory and analyzing price and volume dynamics can help strategize trades during this unique phase. What is Price Discovery? Price discovery occurs when an asset ventures into price levels it has never reached before—most often at its ATH. Without prior data for resistance or support, the market relies on demand, supply, and speculation to set new price benchmarks. Understanding how price reacts in this phase requires both macro and micro analysis. Elliott Wave Theory in Price Discovery Elliott Wave Theory offers a framework for understanding market psychology and price movements. In the context of price discovery, the B Wave of an Elliott Wave formation plays a pivotal role: Identifying the B Wave and Pullback Zones The B Wave represents a pullback into a range after an impulsive move upward (Wave A). Mark the peak of the impulsive move (A) and the bottom of the pullback (B). Project this range forward in time to identify potential support zones. Support Zones in Price Discovery The previous high (Wave A peak) forms the top of the support zone. The B Wave low forms the bottom of the support zone. Once the price pulls back into this zone, it signals a potential retest of the support, offering opportunities for reentry into the trend. Drilling Down: Smaller Timeframes for Confirmation When Bitcoin retests these support zones, zoom into smaller timeframes to assess price reaction and volume behavior. Look for: Bullish Change in the State of Delivery: This includes higher highs and higher lows, increased buying volume, and bullish candlestick patterns such as engulfing candles or hammer formations. Volume Confirmation: Strong volume on upward moves and decreasing volume during pullbacks indicate sustained bullish momentum. At these support zones, the price is likely to resume its bullish trend if the market shows these signs of strength. Managing Risk in Price Discovery Zones Despite bullish setups, price discovery is volatile, and false breakouts can occur. To safeguard trades: Watch for Fair Value Gaps (FVGs) Look for large, unfilled price gaps from prior resistance areas. These gaps might signal areas where the price could retrace deeper before confirming support. Adjust Entries and Stop Losses If price breaks below the initial support zone (top of Wave A), it may retest the bottom of the B Wave for further consolidation. Set stop losses below the bottom of the B Wave to protect against unexpected reversals. Evaluate Volume-Driven Moves Weak volume during a retest could indicate insufficient demand to support the price, suggesting a deeper pullback or reversal is more likely. -------------------------- Price discovery is one of the most exciting and rewarding phases for traders who know how to approach it. By using Elliott Wave Theory, you can pinpoint key support zones, especially around the B Wave pullbacks, and then confirm your setups by analyzing price action and volume. The key here is patience and precision. Let the price come to those critical zones you’ve marked, watch how it reacts, and make your move confidently. Stay flexible, though—price discovery is unpredictable, and managing your risk is crucial if you want to make the most out of this high-potential phase in Bitcoin’s journey.
Long
by CoffeeshopCrypto
3
Bitcoin Analysis: Resistance at 92K and Key Support Levels🔍 Today's Bitcoin Analysis Bitcoin is currently at the 92,000 USD resistance level, and market sentiment is extremely high. The presence of beginners in the market is noticeable, and we can expect some volatile market behavior. Two potential scenarios for the next move: 1️⃣ Scenario 1: Breaking the 92K Resistance If the 92K resistance is broken, Bitcoin could move towards the 97,000 USD range, potentially triggering more buying activity. 2️⃣ Scenario 2: Rejection from 92K and Correction If it faces rejection at 92K, a price correction is likely. In that case, the first strong support is at 87,000 USD, where we can expect a bounce and continuation of the trend. 🔹 The next support level is at 82,000 USD, which is expected to be even stronger. 📉 Conclusion: Bitcoin is at a critical point, and market sentiment can greatly influence its movement. Accurate analysis and smart decision-making are key to navigating these conditions.
Long
by arzdigitalistha
BTC - Triangle Pretty clean price action here on BTC the last week. We are respecting an upwards sloping trendline for now, while rejecting from the top supply zone. Longs can be taken at the trendline or if we start grinding into the supply zone above 92k. Taking shorts in that 91.8-92k zone has been very profitable as well. I always like to identify this sort of ranges asap, because many people try to position on high leverage for a breakup or breakdown here, resulting in those very volatile intra-range moves. If the trendline is lost, we look for longs in the green zone
by Tealstreet
Bitcoin Has Another Bull Run !Bitcoin has shown signs and patterns in the daily time frame that can be analyzed with the current data. It looks like a diametric has finished (A) and then the price has entered a bullish phase. In the bullish phase, we have an ABC/WXY whose A/W has the signs of a diamond diametric. We expect waves X and Y because the time of wave A is much larger than the current pattern (A/W). The green range could be the start of a bull run in Bitcoin. Closing a daily candle below the invalidation level will violate the analysis. Note : This is only a possible scenario, please do not forget to manage risk For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
5
BITCOIN - Nearing A Short Term Top...Based on this analysis, Bitcoin is expected to peak soon. The recent all-time high breakout is simply part of an expanded corrective pattern, which is likely to fully retrace. Another opportunity for significant gains will emerge once this correction is complete. In the bigger picture, the long-term outlook for the crypto market appears promising, even if the broader markets experience a more substantial downturn. For traders, opportunities will become increasingly clear as a few more corrective waves unfold.
by AriasWave
BTC Pullback from $98,524We've reached the projected top of this cycle & have put in a proper wave count on the H4/D1. Expecting a pullback to start soon from here, $98,524, to bring us down to a minimum target of 85K... We could see significantly lower , into the 70s... Depending on severity, I would expect alts to nuke across the board as well. Do not catch a falling knife, friends. Note: We have yet to lose a low on H1 or H4 , so we must be patient. The short setup does not exist until we start losing levels - the projection is simply an area to TP heavily & monitor for potential short opportunities, should they arise. Good luck, be well, and trade safe!
Short
by PaperPlatoonYT4TenKkeysTrading
BTCUSDT: Short-Term Analysis for 16/11/2024 Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always consult multiple sources and conduct thorough research before making trading decisions. Time Frame: 1-hour Market Analysis: Following our previous analysis, the market remains in a consolidation phase. Although the price bounced off the OBV support and still respecting the lower channel trend line, however, it lacks impulsive momentum, indicating the correction phase persists. However, a breakout above the daily Point of Control (POC) at 91,104.0 could be a pivotal catalyst. If this level transitions into support, we anticipate a substantial upward surge in price. Alternative Scenario On the other hand, If price dips below invalidation level at 87,815.0 This would warrant caution, as it increases the likelihood of continued downward momentum to fill the gap at 83,997.0 - 82,773.00. Key Levels: POC: 91104.0 Resistance: 94,120.00 - 97,000.00 Local High: 93,421.00 immediate support: 89255.3 Invalidation: 87,815.0 support: 87,104.00 - 86,087.00 Gap: 83997.2 - 82773.3 Trading Bias: The market remains in consolidation, having absorbed inducements from both sides.Additional support is added at level 89255.3. The volume is low. If the price slips below the invalidation point, the bullish narrative would be compromised, potentially triggering a reversal.
by avatarfreak
Bitcoin (BTC): We Reached Major Resistance Zone!! (Almost $100K)Bitcoin has almost reached $100K, which has been a major target zone for many bullish people. With Bitcoin's popularity comes a lot of stupid money into the markets, which means we are getting ready for a possible liquidity sweep to happen in the upper and lower zones. We are looking to see a liqudity grap to upper zones as many people are slowly switching to shorts (based on liqudiity heatmaps), which would start then a possible liqudiity sweep to lower zones, which will be much bigger. Stay safe and keep your attentions on zones like $105K and FWB:88K as of now! Swallow Team
Long
by SwallowPremium
BITCOIN Price MovementAnalysis ---------- Support Zone: The ascending yellow trendline acts as a support area. Price has bounced from this line multiple times, as indicated by the marked “$$$” levels. If this trendline holds, it could indicate a short-term price recovery. Resistance Zone: The grey shaded area around $92,500 - $92,800 is the resistance zone. Price has been rejected from this level previously, as seen in the chart. Short-Term Scenario (White Path): The chart suggests a potential bounce from the ascending support trendline towards the resistance at $92,500 - $92,800. If price fails to break the resistance zone, the chart anticipates a sharp drop (breakdown of the ascending trendline). Downside Target: A major downside target is marked near $84,333, which aligns with previous support levels. Stop-Loss Zone: The stop-loss for this trade idea is likely above the resistance zone, around $93,000 - $93,200. ----------------------------------------------------------------------------------------------- Key Levels ----------- Resistance Zone: $92,500 - $92,800 (Critical area for sellers. If broken, price could continue higher.) Support Zone (Trendline): Current support near $89,200 - $89,500. If this breaks, it could lead to the expected downtrend. Downside Target: $84,333 (Primary take-profit level for shorts). Stop-Loss: Above $93,000 (to manage risk if resistance breaks).
by varma010
3