BTCUSD Trading Plan - 31/Jan/2024Hello Traders,
Hope you all are doing good!!
I expect BTC to go Up if it gives correction here.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Btctechnicalanalysis
Bitocin next support zones
the following fibonacci levels are the most relevant support zones as long as the short-term high is 49k. What happens after an impulse wave has touched the golden pocket is a complete correction to the 0.38 - 0.61 - 078 zone.
following this idea, the next level 0.38 with a POC, is a good area for a temporary rebound or trend continuation.
$BTC Lost $40k Support Level Today, Key Price Targets To MonitorCRYPTOCAP:BTC has traded sideways within a range with resistance at the white resistance zone (around $44k) and support in the green support zone around $40k. CRYPTOCAP:BTC has lost support at $40k and is at risk of a steep drop. Altcoins will get wrecked here too.
Price levels on the way down:
- The white trendline at $37.5k is the next key support level of interest.
- The orange support zone at $33.6k and $34.9k is my key support zone of interest.
BTC 1D, TARGET .. OH MY GOOODD MY BTC AFTER ETF Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
BTC 1D, OH MY GOOOODDDBitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
BTCUSD H1, SHORT ENTRY UNTIL 38700, SEE WHY .... Hello Traders!
In this stage, I see BTCUSD H1 falling until the level of 38700 (even lower), because it has to close a liquidity gap, and also, hit the level of 38400, a very important level of resistance.
At the moment, I see BTC under bearish dominance and I consider it a good moment to enter short.
Keep in touch!
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www.tradingview.com
BTCUSD H1 Future Scenario, looking for a Long entry 📈✅Hello Traders!
This is my perspective for BTCUSD H1, interesting reaction from the level of 43300. I expect a retracement until the level of 38700, and after that I will search for a long position.
At the moment, liquidity was closed and also, we can see a reaction from the OB.
Good opportunity to entry short.
Keep in touch.
P.s. Follow me for more analysis: www.tradingview.com
Bitcoin - a 2023-26 planBTC repeating cycles;
Using historic cycle data , repeating cycle for supply and demand along with subtle gain and degradations.
Already tagged one target (previously predicted in august 2022)
Weekly macro targets - it awaits to be seen if we tag the 2022/3 DMA area (First red circle) prior-to or post 2024 halving.
We should see a liquidity grab $19-21k area at some point (next green circle).
A small pump into pre-may 2024 halving, fast drop after and then pretty much up - only bull run into late 2025 top - signalled by divergence.
i think at this rate, the 2026 drawdown will be fast, and brutal.
SPOT + CHILL
or
SWING + COMPOUND
Both will in out eventually, just a question of % gains.
BTCUSDT BREAKING SOONBTCUSDT is moving in a pennant on the daily timeframe. To the left, the resistance level is at previous daily-support level.
A breakout upward against the support level will push BTCUSDT to the $4x k range.
However, if bears win, BTC has a chance to hit the $32k- FWB:31K levels
Take entries on the 4hr/1hr. Will be setting alerts both sides, and entering upon volume breakout.
BTC 4h daily analysisBearish flag patter.
Equal highs with break out to collect buy side liquidity.
Price is showing confirmation above
previous highs, but still is in consolidation mode.
We can potentially see run up to 39200 with wick above.
Fibonacci. Above 0.5 we are in overpriced area.
Discount area 0.786 for possible comeback,
which would be the same area from where price brake through. It would also confirm blue trend line up.
If your bias is short look for short term entries and imbalance area, for bigger trade look for shorts at 39 or above with a sudden price action move.
If your bias is long, look for buys at 0.7-1 fib level.
4h has divergence, which shows weakness of buying power.
BTC Daily Chart 22th November 2023In my previous idea i was expecting COINBASE:BTCUSD to make a double top formation before correcting. But BTC wasn't ready consolidating yet so instead of a double top it formed a head-n-shoulders formation. In both cases it's a bearish formation that could lead to a correction towards 32K (a resistance level that still has to be tested as support).
Another sign that a correction is incoming, is the negative divergence on the RSI. While BTC price is forming an ascending channel we see a descending channel on the RSI, indicating the negative divergence which usually leads to a drop in price.
On the other hand, BTC has tested 35-35,5k three times as support. Today we also read some positive news about the spot bitcoin ETF which could create positive momentum. Although i am seeying more bearish signals, it is still possible for BTC to regain strength and perform another rally towards 38K (and three times might be the charm on breaking this resistance).
What do you think BTC will do next? Will we see a correction or a continuation rally?
Bitcoin CorectionHello Dear Guys
So in Weekly Chart bitcoin is on bearish which the corection will happend before halving so dont go allin into investing because we highly got a corection chance to see the RSI is high same on MSI etc etc..
its not a financial advice just be safe thats all i want for you guys thanks
🌟 Exploring Bitcoin's Future Through Logarithmic Regression 🌟I've been delving into the fascinating world of Bitcoin's price trends and came across some compelling insights that I thought were worth sharing. Here's what I found about using logarithmic regression to understand and predict Bitcoin's market movements:
The Power of Logarithmic Regression: This method is really intriguing for Bitcoin analysis. It shows us how each cycle tends to bring diminishing returns compared to the explosive gains in Bitcoin's early days.
Peering into Future Peaks: Based on this approach, it seems that the next significant peak of Bitcoin could be lower than many expect, considering its current price around $45,000 and historical trends.
A Glimpse into 2025: Projections suggest that by late 2025, Bitcoin might reach just over $100,000. However, this might not align with a cycle peak, indicating a more gradual growth trajectory.
Understanding Market Cycles: The patterns of Bitcoin's rallies and downturns, along with its interactions with other assets like equities, offer a fascinating glimpse into its market behavior.
Altcoins in the Bitcoin Universe: In scenarios where Bitcoin experiences a major rally, it could significantly impact altcoin values. There's also a possibility of a 'double bottom' occurring in the current Bitcoin cycle.
The Significance of Regression Lines: Changes in regression lines can lead to notable shifts in Bitcoin's price. This concept was particularly evident in the 2018 cycle.
Current Price Considerations: Analyzing the current price in relation to trendlines indicates potential highs and lows. Reaching a $100,000 mark seems plausible, but going as high as $300,000 in the current cycle could be more challenging.
Bitcoin's Market Dominance: Despite potential fluctuations, Bitcoin's dominance in the market seems poised to continue its upward trend, offering a level of stability in the volatile crypto world.
Bitcoin (BTC) Short SetupOKX:BTCUSDT.P Short 1W
Rising wedge
+
Entrance 31745
=
Exit 18475
I am interested in your opinion on this algorithm of actions
deposit 20% of asset
order 20% of deposit
leverage ×20
cross margin
take profit 25+-% of order
stop loss 5+-% of order
day loss 1% of deposit
RR 1 to 5
Entry on negative news background
+
At negative mood of trendsetters
+
No nearby reports, speeches
+
Bearish chart and candlestick patterns
+
A pool of indicators signalling a downtrend
#DYOR
BTCUSDT - Bullish max or?Get off the smaller timeframes. Weekly shows a strong resistance zone coming.
Purely on TA, I expect a dip before we start the actual buys. The dip also indicate the early stages of liquidity grab by bear market investors, allowing them to double cash in on the opportunity.
My thoughts - market making is taking place.
Be cautious fellow traders. Scalp in and out, and take profits all the time! don't hold for too long for now.
BTC to drop 7% before it goes up againBitcoin (BTC) is currently on the cusp of a market adjustment, with projections suggesting a potential drop of approximately 7%. This anticipated decrease is seen as a part of the normal ebb and flow characteristic of the cryptocurrency market. Such fluctuations, while often unpredictable, are not unusual for digital currencies like Bitcoin, which are known for their volatility. This upcoming decline in BTC's value is expected to be a temporary phase, influenced by various market factors and investor sentiments.
Despite the imminent drop, market analysts are optimistic about Bitcoin's recovery post-decline. Historically, Bitcoin has shown a remarkable ability to bounce back from dips, often achieving higher values post-recovery. This pattern suggests that the forthcoming decrease could present a valuable buying opportunity for investors. Those who purchase Bitcoin during this dip could potentially benefit from significant gains during the expected rebound. This strategy of buying low and selling high is a common practice among cryptocurrency investors, who capitalize on these market cycles.
Looking ahead, the forecasted dip in Bitcoin's value is viewed as a short-term event in the broader context of its market trajectory. The cryptocurrency is expected to not only recover from the anticipated 7% drop but also potentially reach new heights. This optimistic outlook is based on Bitcoin's past performance and its growing acceptance and integration into mainstream financial systems. Investors who weather the temporary downturn and hold onto their assets are likely to see their patience rewarded as Bitcoin continues to evolve and gain traction in the global financial landscape.