Breakout of downChannal. Uptrend of BTC begins Breakout of downChannal. Uptrend of BTC begins> it may consolidate at range of 58000 to 62000Longby ZYLOSTAR_strategy1
BTC USD UpdateThe 1h is declining weekly -OB heavily, and 4h candles failed to push higher also. I believe I need to move my stop back to entry and stay strong to see if we get higher. The reason behind it is that overall, I'm bullish, so I'm willing to risk many trades to be break-even. But for sure, I don't want to miss a trade that actually takes the price higher. So, I'll let it do its thing. If it falls over, oh well, I'll make a new plan.Longby themarketknight3
BTC long term outline for meAssets always go down along with rate cut period. I don't think we have REAL bull market untill late 2026.by QuantApe2
BITCOIN Will Go Down! Sell! Please, check our technical outlook for BITCOIN. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 63,293. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 60,708 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider113
btc fibonacci levels Btc has broken the fibonacci trend channel looking for it to hold 62505 green candle buy if we get get close look to take profits 65923 if so resistance 67910 look for pull back if we don't hold 62505 or 63855 then pullback to 61650 I'm see call for never to see 58k again I. thinking one more pullback to 47k but time will tellLongby dlafave261
2024-09-19 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. tl;dr Bitcoin - I said if bulls get above 61500, they are favored for 64000+. High of the day was 63848. Next target for them is 65000 and if bears fail there, we will see 67000/68000 again. Right now it’s still a triangle on the daily chart and bulls had 3 pushes up. Slightly favoring the bears if they come around tomorrow and if it stays below 65000. comment: 3 pushes up on the daily chart and near previous resistance between 64000 and 65000. For weeks now, every strong daily bar is followed by disappointment. If the market has done this so many times, I do not expect this to change and rather see bears coming around over the next 2-4 days again. current market cycle: trading range (again a triangle on the daily chart) key levels: 57000 - 65000 bull case: Bulls want the breakout above 65000 and trade back to 68000 and touch the bear trend line from the ath. Can they get it? I doubt it. We made 21% over the past 2 weeks but given that we made -30% in 7 days in July, this rally was weak. You can also draw the bull channel for the current rally but the arguments would be the same. We are at the top of the channel and prior resistance. I don’t expect market to find many buyers above 64000. Invalidation is below 61500. bear case: Until bulls can print 65000, odds favor the bears for a reversal. We are at prior resistance, the top of the bull channel, bulls had 3 legs up and the daily and weekly 20ema are as flat as can be. What are the odds of a big bullish breakout? Very low. Can happen but betting on it is a losing strategy. Best here is to wait. If bulls get it, join em. If bears come around, don’t sell the first pullback. Wait for a retest (probably on the 1h tf) Invalidation is above 65000. short term: Neutral. Bullish above 65000 and bearish below 61500 or on good momentum after a second signal. medium-long term: Down to 40000 (could take 1-3 months). Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged since March, obviously updated the time range which was 6-9 months before. — current swing trade: Swing shorts got burned bad. None currently but looking for shorts again. trade of the day: Very bullish day. Buying the 15m 20ema was profitable many times.by priceactiontds1
BITCOIN Has Bottomed! See You At 174K! Highly probable Bitcoin has now bottomed. Looking for a move up to at least $174K. See you there!Long19:51by dRends35Updated 202037
BTC USD RESULTAs I mentioned yesterday about the Symmetrical Triangle Breakout, the key Support level and the CME GAP Filling, and The FOMC News coming BULLISH in our favor just like I've been saying for some time now and also I updated yesterday. ALL DONE!. So Currently price is still in a breakout from a rising wedge on my 4HTF Analysis and I still see more downward liquidity grap on my weekly Analysis before we can see the almighty Bull run we're expecting. But for now I'll be waiting for price to retest my 4H trendline before I enter any other trades or drop another update. So Stay tunned and be safe. PEACE!!✌️by THE_KLASSIC_TRADER1
Bitcoin Head Winds at 64KOrder blocks on shorter time frames centered on 64K. We should see some headwinds here. by Davy_Dave_Charts1
BTC EXPECTED TO REACH 70K AGAIN!A Head and Shoulders pattern confirmed by volume. Breakout already happened with an increase in volume. Just wait and see...Longby keep_it_simple1
BTC USD UpdateSo, I have all targets reached since last week, 4% closed, 1 running. Not adding none in premium prices. If anything, I'll just scalp in and out. Great chart, easy trades. Very happy with the BTCUSD pair, totally outperformed my FX pairs. Extremely technical and easy to trade bitcoin.Longby themarketknight1
BTC looking good two levels If we hold the weekly 21 ma and break 65k we see 100k before 50k , If 57.5k breaks we are in trouble two key levels imo Longby efelix482
9/18 Weak pump on Jerome's underpromise and overdelivery.Overview: Thank you, mighty Lord Jerome, for the pump! The Fed under-promised but over-delivered with a full 2 basis point rate cut. Looking at the 15-minute BINANCE:BTCUSD chart, when the decision was announced, the price spiked by just 1.7% before correcting. However, at 7 a.m. Shanghai time, four hours later, the price started to pump and has now broken the key weekly level of $61.4k. The question is, will the bulls defend this line and establish it as new support by bouncing from it? The first news of a possible September rate cut came out in late June. On June 21st, the Financial Times reported, "Fed on course for two cuts in 2024 starting in September" ( link ). At that time, Bitcoin was still correcting from its $72k peak. Fast forward two weeks, and on July 16th, CNBC reported that traders were pricing in a 100% chance of a September cut ( link ). Interestingly, BTC had reached its bottom four days before this news and then started its second-largest bull run wave. Yesterday, the CME FedWatch Tool spiked to indicate a 65% chance of a 0.50% rate cut, compared to just 10% in early August. From now on, we’ll be giving more weight to this indicator. Last Friday, on 9/13, we predicted, "With this week’s meteoric growth, Monday and Tuesday are expected to trade flat or slightly negative due to profit-taking before the volatility." Between Friday evening and Monday evening, BTC corrected by 4.9%. Technical Analysis: W: We’ve passed the important weekly level of $61.4k and need to either bounce from it or close the week above this level. The BB MA sits at $62.5k, so the trend remains bearish until that level is reached. This overlaps with the liquidation heatmap, which shows $22 million in liquidity built up. Indicators suggest we will reach that level. D: Since yesterday, we’ve confirmed a bullish trend after rebounding from $58.2k. RSI hasn’t hit the overbought level yet, and the MACD has been climbing since the sell-off on September 7th. Unfortunately, the volume hasn’t increased, even with this bullish macro event. Both the spot and futures markets are showing a lack of enthusiasm, with Open Interest falling since Friday’s high. 4h: As we mentioned yesterday, Jerome doesn’t care about bearish divergences. The current pump is defying technical analysis, which reminds us to avoid trading around major events like Fed meetings or earnings reports. 1h: RSI is hitting the overbought region for the second time in 36 hours—not a good sign. Altcoins vs. BTC: Weak reactions from ETH and SOL, but NEAR, SUI, and FTM are rocketing higher. Bull Case: Retail traders might see BTC printing lower highs and lower lows, indicating a bearish trend. Influencers are already preparing content about the next level being $44k and advising on how to stay solvent in a bear market. Remember the saying: “Be greedy when others are fearful.” Bear Case: The economy may not be doing as well as whales think. If it becomes clear that the rate cuts aren’t working, whales could start dumping, driving the price toward $44k. Fear and Greed Index: We’re at 40.44, officially out of Fear territory. Prediction: Expect the pump to continue for the rest of the week.by EvgenCapital2
BTC Trade IdeaThis is a place where you can identify the possible movement in mentioned session. Entry activated only when a candle closes above or below the drawn level, And the next candle creates a wick down(for up movement) or up(for down movement) and breaks the candle high or low. When entry is activated SL will be below or above the 60 minute candle.by Ajo_madakassery2
2024-09-16 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. tl;dr Since today was a very slow day, my weekly update is more interesting than today’s daily update (in case you haven’t read it). Bitcoin - Very good follow through by the bears and I joined them for a swing short with target 54000 or lower. 59300 should not get hit again or bears are not strong and 60000 is more likely than more downside. comment: Two pushes down now and a third could get us to 56500, where I expect stronger buying again. For now bears did enough today to confirm the bear trend line and the contracting market. Bears now need to keep it below 59300. current market cycle: trading range key levels: 53000 - 60700 bull case: Bulls did not do much over the weekend and today. They also don’t have many arguments on their side. 57500-59000 is not a good buy zone for them and we trading below the 1h and the daily 20ema. I expect more buying around 56500-57500. Above 59300 bears fumbled it again. Invalidation is below 55000. bear case: Bears did enough today to gain control of the market. Their next target is around 56500 and that’s about it. If they are really strong (which I highly doubt) they would get to 55000 and below. Invalidation is above 59300. short term: Slightly bearish for 56500ish. medium-long term: Down to 40000 (could take 1-3 months). Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged since March, obviously updated the time range which was 6-9 months before. — current swing trade : Short since 58000 for tp 55000 or lower. SL 59300 trade of the day: Selling bar 10 with stop above bar 9. Market touched the 1h ema and continued the selling. Textbook two legged pullback to the moving average and continuation of the trend.Shortby priceactiontds1
Bitcoin Short: Broke down trendline and Wave 3 downFirstly, beware of volatility from FOMC tomorrow. From my EW counts, I am expecting Bitcoin to crash after breaking the trendline and also riding on a wave 3 down. On the chart, the big yellow 1 & 2 are the cycle level wave and the smaller purple 1 & 2 are the intermediate wave counts.Shortby yuchaosng1
Bitcoin short Bitcoin started to fall after hunting for long stops and this fall can be stopped in the range of 48000 dollars and start accumulating capital from there, but time will determine everything.Shortby mostafa.tofighi.831
BTC USD UpdateCruising in the recent range with a low of 55534.41, as long as this low is in place and not broken, we are bullish. It's price has had a few scalps for me, but nothing interesting to trade as a swing trade. I have marked my magnets of areas of interest. So, I'm targeting lows and then the high of my 4h Neg OB just hanging there. Let's see what market makers will give us. I'll keep posting if something I like.Longby themarketknight1
Path outlinedSome important levels coming up for bitcoin to defend vs gold. I look at it as a war of attrition, as #gold slowly cures the sh*tcoin mind virus. Markets are headed for major uncertainty, and gold is warning us right now.Shortby DollarCostAverage1
BTC USD Update So, I did get my 2% last week and still one going into last week's idea of a huge -OB. Standing to be tested. Let's see if it will give it to us. That's also my TP 2 if the market is kind enough.Longby themarketknight1
The Power of Probability: Navigating BTCUSD Longs with PrecisionSeveral key fundamentals support a bullish outlook for BTCUSD. Increasing institutional adoption of Bitcoin as a hedge against inflation continues to drive demand. There's growing interest in Bitcoin ETFs, potentially broadening investor access. Recent political developments, such as President Biden's unexpected withdrawal from the 2024 election, have introduced volatility in traditional markets, potentially making Bitcoin more attractive as an alternative investment. Additionally, on-chain metrics show a shift towards Bitcoin accumulation, especially among large wallets and long-term holders, suggesting renewed market confidence. I'm utilizing probabilities to position myself for long trades in BTCUSD. By focusing on high-probability setups, I can identify favorable entry points where the risk-reward ratio is advantageous for long positions 1D: 2H: Let's discuss our strategies and learn from each other! Longby Jasminex1x2Updated 8