BTCUSD It seems that the last rise could not last very long. I am watching the strength of 20 and 50 EMA to see how BTC holds there. I would prefer to see BTC somewhere around 60000.Longby Rix1113Updated 2
BTC rebound imminentMixed trading signals are anticipated for the next 24 hours in the crypto market. Bitcoin is experiencing tropical conditions, pointing to strong buy signals and a rebound from these levels. Bitcoin fell below $66,000 on Monday morning, extending last week's decline due to new U.S. economic data. After nearing all-time highs above $71,000 earlier this month, Bitcoin and the broader crypto market have cooled, with Bitcoin briefly dipping below $65,000 over the weekend. Follow us for more crypto weather reports!Longby ATTMO3
Bitcoin (BTC): 2 Possible Entries For Bitcoin Short!The new week is here, and we see immediately some kind of small recovery happening after a failed attempt at breakout, where the price is now testing again on the upper side of resistance. Despite the small bounce at the beginning of the week, we have not changed our minds about a downward movement happening here. And to make it even more clear, we set 2 possible entry zones for Bitcoin short setup, where both will be active only once we secure those zones of $65000 and $60500. The second entry is the main one we are looking for!! Swallow Team Shortby SwallowPremiumUpdated 121217
Just a taste...Bitty has officially broken support and is just getting started. Next price target is in the range of 62.5-63.5k. Shortby SmallBagsHereandthere2
BTC Daily Update s you can see, BTC is approaching a critical dynamic support level that originated from the 25k range. If this support breaks, we could see a surge down to the 52k, or even 48k levels. Given this potential breakdown, consider avoiding long positions for now. If the support is breached, we'll be looking to set up a short trade targeting at least 60k. Stay tuned for more updates and precise trading strategies.Shortby Lamassu_Trade2
BTC/USD Holds Above Key Support Amid Seller PressureHello Everyone, BTC/USD has experienced a recent decline but has managed to find support above the monthly pivot point, which is overall encouraging. The recent monthly low was at 64,600.75, a relatively resilient figure given the circumstances. Sellers are currently exerting significant pressure, yet we remain optimistic about potential future gains! BTC, let's keep moving forward! TradeWithTheTrend3344Longby TradeWithTheTrend33443
Correction It is expected that the price will fluctuate in the current resistance range and then continue the downward trend. If the price crosses the resistance range, it will be possible to climb to the next resistance range. Shortby STPFOREX2
BTCUSDTHere is a short #TrendAnalysis on #BTCUSDT. Watch the whole video to see what to do if you are in a trade. If you are not in a trade wait for it! 03:04by XTradeSetup3
Bitcoin is at a Cross roads and MUST break a trend or loose High One of the MAJOR things we look to in trading are TRENDS. They give us patterns and Signals and the Longer a trend has existed, the stronger the "Suggestions" it can Give. Bitcoin has been in a rising Trend since it hit a Low in 2011. From this point, it has been subject to rejection off a Fibonacci Spiral. ( I have explained this in detail in other posts, so I will not spend to much time on it now ) The ATH's of 2013, 2017 and 2021 all were rejected off that line. What is VERY important to understand here is that a Spiral does not always rise...Once it reaches its apex, it will begin to descend again and that apex occurs around Feb 2025. Bitcoin has to break out of this Trend with Positive momentum. What is slightly concerning, is that PA is up high, near that line of rejection already. This RSI chart shows us that we do still have room on the RSI to go higher. The Vertical lines are the previous ATH's and where RSI was at that point. IT is the lower time frames that are currently cooling off but the weekly MACD, for instance, It still high and Just turning Bearish....We have 8 months for it to cool down to neutral or lower and it should manage that. Something that has also really crossed my mind is the Volume since 2011. "The Volume indicator is used to measure how much of a given financial asset has traded in a specific period of time. For example, with stocks, volume is measured by the traded shares. For futures, volume is based more on the number of contracts. By looking at volume patterns over time, traders can better understand the strengths of advances and declines in stocks as well as in markets in general." ( taken from Trading View ) What we are looking at there is a STRONG BEARISH DIVERGENCE. But do not worry, BTC has, in its history, had a remarkable habit of defeating this type of thing while in a Bullish state, as it is now. But it HAS to break this trend and get out and Above that upper line. I have little doubt that Bitcoin can break this trend. But as we move into the corporate World, things will change for all of us in Bitcoin's world now. For instance, that drop in Volume .... The Asset was able to be traded in higher volumes when you could buy 1000 Bitcoin for the price of a Beer. It is a little harder to do now. And People are "Betting" on BTC via ETF now and not directly Buying and these large Corporations will begin manipulating the price... WE NEED TO HOLD OUT BITCOIN CLOSE = NEVER SELL - The other indicators in the original image are, from top to bottom, VOLUME RSI SOPR MVRV Z Score ATR On a final note. This chart is from Bitstamp, the Exchange that ROBINHOOD just bought. That is one of th elarger financial corporations in the USA...they would not have just bought this exchange if there was a chance of collapse........But......always best to be aware of potential by Orriginal2
BTC Rejects $70K: Recovery Fails Following Fed AnnouncementBitcoin witnessed a strong rise above the $68,500 resistance area. It tested the $70,000 level, but after the Fed announced the interest rate hold at 5.5%, a strong bearish reaction was observed. Bitcoin started a new decline from the $70,000 resistance zone, and the price is now trading below $68,550 and the 100-hour simple moving average (SMA). Uptrend Line and Support: There is an uptrend line forming with support at $67,500 on the hourly chart of the BTC/USD pair. The price is facing resistance near the $68,250 level. This means there is sufficient buying pressure to prevent the price from dropping further. This level is considered a strong support based on previous price movements. Resistance Levels: The price is struggling to rise above the $68,250 level. This level acts as a barrier to upward price movement. Therefore, the first major resistance can be at $68,550, as this level is a key resistance point where the price is expected to face more difficulty in breaking through. Fibonacci Level: The 50% Fibonacci retracement level is used to identify potential support and resistance levels after a significant price move. In this case, the 50% Fibonacci retracement of the drop from the $69,969 high to the $67,148 low indicates that the $68,550 level represents half of the downward move between the high and the low, making it an important resistance level. Next Important Resistance: The next key resistance could be at $69,200, a level where the price might face strong selling pressure, making it harder for the price to rise. This level is an important resistance point to watch. A clear move above this resistance could push the price towards $70,000, a significant psychological level where investors might expect increased selling pressure. Further gains could drive Bitcoin towards the $71,200 resistance, which could act as a temporary stop or barrier to upward price movement. If this resistance is broken, it indicates that the market has sufficient strength to continue rising. Trading Recommendations: Buying Opportunity: If Bitcoin succeeds in rising above the $68,550 level, buying positions can be opened with targets at $69,200 and $70,000. As mentioned, the $70,000 level is a major psychological barrier and strong resistance in the market. It is crucial to place stop-loss orders below $68,000 to manage risk. Selling Opportunity: If the price fails to stay above the $67,200 support level and drops below it, this indicates weak buying pressure and increased selling pressure. In this case, the price could drop to $67,000, a nearby support level that might see some temporary stability. If the downtrend continues, the next target would be $66,000, a major support level that could offer a buying opportunity or other trading decisions. Investors should always keep an eye on global economic events and any statements from the Federal Reserve, as they significantly influence price movements. Relying on both technical and fundamental analysis is essential for making wise investment decisions in the volatile cryptocurrency market.by bbitar3
BTCUSD new update Hi, Today is a good moment to enter long at BTC, because we already reach fibonacci support zone at 64K-66K. This is a strong support area, since BTC stuck at 1 month consolidation. If fibonacci support able to hold bearish, Our target at $71.933 sorry for late update, coz I have a heavy schedule with my student. But I will try to update this analysis if I found a new key level. Thanks, Happy trading Longby AzrulAzir5
BTCUSD - 1H another fallOn the BTC/USD 1-hour chart, Bitcoin faces resistance around $70,200 and may pull back to hunt stops below the recent low of $68,300. This suggests a potential short-term decline before any further upward movement.Shortby Sober_TradingUpdated 7719
BTC Price Action- Quick update and not a price prediction, just to give a general idea. - Timeframe is only H4 ( and i don't like too much small TF, lot of noise there) - Just to monitor the PA between 72k$ ish and 60k$ ish. - this PA could form a ranging consolidation to the next leg. - if BTC dip again, the next support is around 50k$ ish. - Keep things simples. - I don't scalp, nor leverage, but if u want to gamble. - First you need to know " Where to Gamble ". - Don't forget Halving is very close. - BTC Volatility will grow faster. - BTC.D not yet maxed imo. Happy Tr4Ding ! by thecryerUpdated 4424
BTCUSD will remain downIn bigger picture I am seeing BTCUSD to come upto 50k in coming days but it will take 2-3 month, however in short term my target is 60-61k Shortby sourabhlowanshi1
BTC PERPETUAL TRADE(UPDATE) , Added more buy from $66,600BTC PERPETUAL TRADE(UPDATE) Added more buy from $66,600 Currently $67,200 Expecting target $69,500 , 69,900 ,70.400 0R ABOVE Incase of early exist will update this anaylsis Its not a Financial Advice Longby salahuddin20041Updated 2
BTC Cup and Handle 100K in less that a year?Bitcoin looks to be in a very bullish pattern that has been forming for the last few years. Additionally with the pattern I see a secondary Bull flag pattern which suggests a minimum price target of $100k possibly by Christmas 2024. This is very similar pattern to the recent Gold pattern I forecasted 1.5 years ago. Longby cerveloist1
Bitcoin Upward WavesSince the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There are two possible areas for the current Bitcoin't correction wave. The first is the purple triangle, and the second is the orange one. The only difference between these two areas is that if the Bitcoin reaches the orange triangle, the major ascending channel will be invalidated, since Bitcoin has breached the channel's bottom. Let's see what happens.by SaeedSalehiniaUpdated 4424
BTCUSD retest 70k?While the price of bitcoin continues to be undervalued, i genuinely think we see a bullish rally back to 70k, while this isn’t the usual ideal trade I’ve been long since day candle open and so far so good. I will wait and see if price holds till we hit 70k. Longby mr_mat_sa1
BTCUSDWatching this one we may see reversed head and shoulders but still not sure will see if it will go back again inside the channel again or will continue its way upby Ehab_Ali1
This is the bottomBitcoin should hold here before heading to new highs. I'm not confident yet and will monitor closely. However I am leaning towards a bottom here. A quick summary of what I see. Large TWAP spot buyers frontrunning a potential perp breakdown to 65k. Large liquidity cluster, making it unprofitable to attempt a flush to 65k. Unclear if remaining aggressive OI is longs or shorts. Likely a combination of both, meaning a cascade may be weak. A failed breakdown attempt earlier today.Longby r900001
BTC correction to 44,5kIn my view BTC wave-1 stopped @73k area so it could correct to targets 44,5k (29k area less probable) then in 2025 spring the massive bullish trend will resumeby mpd1
big crooection is coming ending diagonalbig correction is coming ending diagonal tripple wave correction plus good market sentilment SL 68000 TP1 60000 TP2 58000 TP3 48000 TPX 28000 Shortby OUR_GLORIOUS_CHAIRMAN2
BTCUSD Bearish Mood So farBTCUSD is in bearish mood. Rejecting multiple times and Just looks in the upper range in HTF. Requires strong catalyst to move upper but its just not there. Buyers should lose confidence and Sell. Going for a Short.Shortby Shiiza2