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BTCUSDT trade ideas

Scalping BTC using simple S&R analysisThe price is likely to break the resistance at the 67,234 level and retest this area as support. This outlook is supported by the price holding within the range level (marked by the white line) and the presence of strong support at 66,770, which aligns with a previous resistance level, creating a confluence. However, there is still a possibility that the price could be rejected at the resistance. In that case, the price may retest the support or even break below it. Based on current market conditions, the likelihood of this scenario is approximately 30%. I will place a stop-limit buy order at 67235 and stop-loss at 66770. Profit ratio at 1:3.
Long
by DexterMGarcia
SasanSeifi| Can We Expect Short-Term Corrections?Hey there, ✌ In the short-term timeframe, we've observed that Bitcoin has surged from the $60,000 range to a high of $69,000. However, following this peak, the price has shown a negative reaction, undergoing a minor correction down to the $67,000 levels after a brief period of fluctuations. Currently, the price has remained in a range after encountering the Exponential Moving Average (EMA) at the $67,000 mark. The significant resistance level ahead in the 4-hour timeframe lies between $67,750 and $68,500. Analysing the chart in the lower timeframes, it appears that the price may be inclined to experience further corrections. If a candle closes below the $66,950 to $66,850 levels, we might witness a price correction down to the demand levels at $65,500, and potentially further to $64,250 to $63,000. Understanding how the price reacts to these levels will be crucial for assessing the ongoing trend. Additionally, if the price faces increased demand and breaks above the established resistance levels, the corrective scenario could be reconsidered. The potential trend is clearly outlined in the chart above. 💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
Short
by SasanSeifi
Bitcoin Still Targeting New ATHHey there, Just wanted to share an update on Bitcoin. Since March 2024, it has been trading within a 30% range, showing significant consolidation. I'm leaning bullish because Bitcoin has left a lot of untouched liquidity behind, and I believe it's only a matter of time before we break the all-time high. If you've been trading the long side swings, you've likely taken profits from previous order blocks. Interestingly, most traders are ready to go long on Bitcoin above $70,000 instead of taking positions within the current range (if we break immediatly, I would also long it on my Futures Account). Personally, I'll be looking to catch two separate spot buys with different position sizes if the market breaks down. It would be great to see a new low for a better risk-reward ratio. Best regards
Long
by umothegreat
Why Has Bitcoin fallen To $67,000 Range? Explained.Looking at the sentiment below the bitcoin chart CME:BTC1! You can see that the bears are really taking control of the crypto market -- Now this is good for transfer fees, because you can always transfer your Bitcoin at a lower price when the market crashes But if you are also in it to make a profit then this is your buying opportunity. But also note that this could be a sign of a middle market Which is flat.Am thinking investors are stalling with a flat market because they want to wait for the US presidential election outcome in the month of November. Whether you like it or not the election season is a big market indicator especially In crowd psychology.Because of this we can not afford to ignore the market sentiment If you look at the chart what type of market sentiment are we in? Look again at its chart below is the bull bear power.. Analysis of this chart tells you That even though we are in an uptrend.. the bears have taken control. This usually leads to negative comments in the mainstream press. In order to understand the weekly trend you need to understand the rocket boost strategy In order to learn more about the rocket booster strategy check out the references below Rocket boost this content to learn more. Disclaimer:Trading is risky you will lose money wether you like it or not please learn risk management and profit taking strategies
Long
by lubosi
BTC/USDT short setupBTC/USDT short setup Date: 10/24/2024 Author: Crypto Rado ( Rhino Aka Bear ) Timeframe: 15M & 4H Following the rejection from $69,566, Bitcoin experienced a 3-leg movement down to the $65,200 zone. From there, we saw another 3-leg upward correction, indicating that the short zone lies within the 0.61-0.7 Fibonacci retracement level, which has now been reached. From this point, my strategy is to short BTC, targeting the 1.272 Fibonacci extension, located between $64,200 and $63,700. On the 15-minute timeframe, a bearish divergence has already formed, and on the 4H timeframe, this divergence is in the process of forming, which would likely be confirmed if BTC reaches the 0.786 Fibonacci level. Key Levels to Watch: Bullish breakout: $69,566 Bearish breakdown: $66,750 Disclaimer: ⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
Short
by RhinoAkaBear
35
Second section is an attractive buy section (confirm support) Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) It seems to have met resistance in the 68393.48-69031.99 section and fallen below 67414.39. Accordingly, we need to check for support near 67414.39. If it meets resistance at 67414.39 and falls, we need to check for support near 65602.01-65920.71. - BW (50) is showing signs of being newly created at 66668.65. Accordingly, the key is whether BW (50) can be supported near the newly created point and rise above 67414.39. - Since the StochRSI indicator has currently entered the oversold zone, the decline is strong. Therefore, if it fails to maintain the price by rising above 67414.39, it is likely that an additional decline will occur and it is recommended to consider a countermeasure. When the StochRSI indicator rises above the oversold zone and maintains the state of StochRSI > StochRSI EMA, the upward trend is likely to begin. Therefore, the 2nd zone (65920.71-67414.39) is an important support and resistance zone. In addition, since the M-Signal indicator on the 1D chart is passing the 65920.71-67414.39 zone, it is even more important. - Checking for support is a difficult and tedious task. Therefore, it is also good to refer to the location of the StochRSI indicator or BW indicator to help confirm the direction when checking whether there is support. I think that you can create a much better response plan than drawing a trend line and checking whether it goes up or breaks away from it. Trend lines are used for chart analysis, but they are not very helpful in conducting actual trading. The reason is that they are made of diagonal lines. Therefore, I think that it is good to use trend lines in combination with support and resistance points drawn on 1M, 1W, and 1D charts to confirm the period of volatility. Since a pattern is meaningful when it is completed, you should not try to think in terms of fitting it into a pattern. - After all, the purpose of everything displayed on a chart should be to conduct trading. Therefore, you should check what kind of movement is shown at the support and resistance points drawn on the chart and trade accordingly to make a profit. Since the StochRSI indicator has currently fallen below 50, we should look at the chart with the purpose of finding a time to buy. For that purpose, the 2nd section (65920.71-67414.39) is an attractive buying section. If it falls in the 2nd section, the next buying section is likely to be 61099.25-62791.03. The reason for this is that the M-Signal indicator on the 1W chart is passing around 62791.03. - Therefore, we should know how to wait when we wait, and when it is time to start trading, we should start trading boldly. I think it is time to wait because it is still confirming support and resistance. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 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 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BTC/USDT DAILY TIMEFRAME BTC/USDT Daily Analysis: Key Scenarios Bitcoin (BTC) is currently trading around $67,034 with a minor decline of 1.71%, but remains in an overall bullish trend. The market is approaching key resistance and support levels, offering two potential scenarios for the near-term price action. Scenario 1: Bullish Breakout If BTC breaks above $69,705, it may continue to climb towards $73,768 and beyond, potentially aiming for new highs. The price is following a strong upward trendline, which supports continued bullish momentum. Scenario 2: Pullback and Consolidation Alternatively, BTC may face rejection at $69,705, leading to a pullback toward $60,946. This would allow for consolidation before another upward push, maintaining the overall bullish structure. Conclusion BTC is at a critical point. A breakout above $69,705 could lead to significant gains, while a pullback to $60,946 would be a healthy retracement before resuming the upward trend. The broader outlook remains bullish.
Long
by ProfitLanderCharts
#BTC tested the support zone again📊#BTC tested the support zone again✔️ 🧠Trading in the divergence zone is a very uncomfortable thing, so we patiently waited for the price to break out of the divergence zone before entering a new transaction. We tested the support zone again, and the response was good. We reached TP1:67488 many times and then fell back after encountering resistance, indicating that the resistance performance here is also very good, so we locked in the main profit here. Congratulations to the friends who followed the wolf king to print money and got rich returns. 🍻 ➡️From the current structure, the ideal goal of the small double top short structure has not been fully achieved, so we need to be vigilant about the risk of further decline! ➡️But the neckline support area is below, so please don’t be too bearish. If it falls below the neckline support area to build a larger short structure, it is reasonable to consider shorting after the rebound. Let’s see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
Bitcoin is bearish for short termIn my previous update i told you that Im opening short position annd it had been successful trade target has already achieved, I am really sorry to tose who didn't got my message to move the SL and DCA your position. Well current market trend is still in downward direction My third target for short trade is still valid, CRYPTOCAP:BTC will surely fall for 65k$ soon. Bitcoin hit 69500 was not a true breakout, we are considering it as fake out you see it in the image attach below. You might have seen manny influencer are saying bitcoin could fall to 60000$, Yes they are right the impact of that fake could take the bitcoin to 60k$.
Short
by Beyoglu_Analyst
Bitcoin: The Last Correction Of 2024Bitcoin produced a lower high 21-October compared to 29-July. It was moving up within a rising channel and as soon as it approached 70,000 it faced strong resistance. The peak price hit on the inverted correction was 69,555 and then a minor three days drop. Yesterday we saw a strong green candle, one more shakeout, another market move intended to liquidate over-leveraged players; volatility and for some even hope. The fact that today's session is full red and fully negates yesterday's bullish action is extremely bearish. It confirms that yesterday was a fake rather than natural move. The bearish action today confirms the charts bearish potential and we can expect lower prices. We can also know Bitcoin is moving lower when we look at #2, the merge. If you consider Ethereum, it is trading super low and Coinbase continues to buy billions worth of ETH and load it up on its exchange. These ETH are not being bought to push prices up, it can't be done, these are being bought to sell to the masses at very low prices when the bottom hits. They have huge demand and they have been preparing for months. We can say they are ready though and this gives us a warning that the wait is over for this dip. Other pairs in the Crypto-giant group are also bearish. This is revealing because they move together with Bitcoin. Since they move together with Bitcoin, being bearish means that Bitcoin is also bearish. The DXY is bullish and it works against Bitcoin and thus we have another confirmation. Bitcoin was bullish for 77 days. 77 days is a long time in Cryptoland and yet, even after this long time Bitcoin produced no new higher highs based on the charts bigger structure, this is a sign of weakness. It is not weakness in the sense of Bitcoin being fundamentally weak but weakness in the sense that the price rise was something momentary, a bounce from the August major low rather than a bullish impulse. A bullish impulse would go to new highs and produce higher highs and higher lows. An inverted correction would be weak, produce no new highs and then crash massively. This is what we are seeing. Some people might not be convinced even after 7 months of the same. The last bullish wave lasted 77 days but it has been more than 7 months since Bitcoin started to move lower. It crashed to $49,000 in early August after five months of bearish consolidation. We are about to experience the second drop and this will end the correction. After the correction is over, up we go. The market is likely to feel Bitcoin's crash strongly, at first, but then it will recover pretty strong. Those pairs that are already low can recovery within hours or days. Those that are mid-way can recover within weeks. Those that are trading high up, can take months to recover and that's the main three variations we will get. The crash wick can be recovered super fast but after this initial fast recovery the action will then turn slow. You will literally see Bitcoin crawling up slowly for months, say 3-5 months. Only after this major, long drawn-out bullish consolidation we will see strong growth. People will get bored, leveraged traders will get killed always expecting a big and major move, we will be watching and sharing everything that is happening with you. The market ranges most of the time and only for short periods of time it goes into a trend. The big and easy money is made by joining this trend. A massive opportunity will open up soon, new lower prices, the lowest in years. This will be great. New energies, new vistas, new people, new feelings, new potentials, a new cycle; growth. Get ready for 2025, because we are about to witness the last correction of 2024. Namaste.
Short
by AlanSantana
12