BTC ShortAccording to the bar, I am waiting for the development of BTC. In the next period, it will go back to around 52 thousand. We have been seeing a slow fall since March, and another ath is not expected for the time being.
Btcshort
BTC/USDT 4HOUR CHART UPDATE !!Latest BTC/USDT Long Update:
Bitcoin is showing strength by rebounding from a crucial support trendline, which suggests the presence of strong buyer activity in this area.
This support level has held well recently and continues to act as a solid base for further price action.
Ahead lies a horizontal supply zone acting as a key resistance level.
A breakout above this zone would provide strong bullish confirmation and signal a possible uptrend continuation.
Traders are carefully monitoring this supply zone for any signs of a breakout.
A clear move above this resistance could change market sentiment, potentially leading to a more sustained rally.
The Bitcoin price action trendline is indicating a bullish trendline with strong support. Traders are looking for a breakout above the supply zone, which would confirm the start of a strong bullish rally. However, if Bitcoin fails to break out, it could lead to further consolidation near this resistance area.
Let me know if you want further information or analysis!
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
$BTC DAILY ANALYSIS. IS THE BIG SHORT AT THE DOOR?As I expected in the analysis dated September 15, the link of which I left below, the price first retreated to 57,000 when it was at 60,000 and then continued its upward movement and reached the extreme supply area by taking the high that I expected to be liquidity.
It is quite normal for the price to slow down in this area. Since the price is currently in the decision phase, taking trades in lower time frames may end up as stop loss. The internal structure is still bullish and I think the demand area that the price is currently in may react upwards. Then, if I see bearish momentum to kick in and an entry model in the 4H time frame, I will look for sells.
Another scenario is using the 70,000 high as liquidity, which is a bit unlikely imo, and then the price falling with a strong bearish momentum. As long as 72000 is not exceeded, and I would expect a daily candle closure above, I think the first range that the price will likely to go is 49000 - 44000.
BTC/USDT CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
The chart shows Bitcoin getting rejected at a key resistance level, as indicated by three rounded peaks. The third peak, marked as the most recent, shows another failure to break the descending resistance trendline.
The red arrow indicates a potential bearish move, forecasting a decline in Bitcoin price towards the lower green trendline, which has been acting as a support level since June. This suggests a potential retest of support around the $50,000 – $52,000 level.
After nearly touching $66,000, Bitcoin has pulled back and is currently trading around $64,487. The price appears to have been rejected near the resistance area, which aligns with a previous pattern of failure to break out.
The yellow moving average line is sloping upwards, but the rejection at resistance suggests that the price may continue to struggle, which is in line with the bearish forecast in the short term.
Do you want more information on potential price movements or further interpretation of this chart?
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
BTC/USDT 1DAY CHART UPDATE !
The white diagonal lines mark a clear downward resistance that Bitcoin has been respecting multiple times, indicated by the red circles. The price is again approaching this level, signaling a possible breakout attempt.
The red line seems to be a moving average (possibly the 50-day), and it has been following the price action closely, potentially acting as dynamic support during upward moves.
The green price path suggests a possible breakout from the current consolidation pattern. If Bitcoin can break the resistance and hold above, it might follow the projected path toward new highs, potentially around $78,000 based on the chart's projection.
The yellow circles highlight previous rejection points, and the price is again near this level. If the pattern repeats, Bitcoin could face resistance around the $68,000 zone before continuing higher.
Bitcoin is trading at $65,995.15 at the time of this chart, showing some bullish momentum.
This chart suggests a possible bullish breakout scenario. Would you like insights on key indicators to confirm the breakout?
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
#BTC Still follows my plan (BIG TIME FRAMES)#BTC
BINANCE:BTCUSDT
*** #BTC still in the correction channel since My Expectation from 22 July 2024 .
*** #BTC did not reach 50% FIB level for expecting reversal.
*** #BTC Whales holding the price in this range (50k --- 70K) to make their bags empty.
*** #BTC Whales will drop the price again to ( 50%FIB & 60% FIB. levels ) to buy cheep again before going to 100K.
*** #BTC Whales will never buy in 50K to have 1X only when reach 100K but they will buy in 30K to get 3X when the price reach 100K.
*** #BTC may go 70K but still has to come back again to this range (45K--- 30K) and may be less than 30K.
*** Think like whales not like a small fish in the market.
*** #BTC plan here is for bigger time frames only and this plan may be take very long weeks.
******************************** This is my expectation for next weeks **************************
****************( MAY BE I AM COMLETELY WRONG, PLEASE DO YOUR OWN PLANS ) *****************
BINANCE:BTCUSDT
#bitcoin
#BTC
CRYPTOCAP:BTC
#BTCUSDT
#BTCUSD
#BTCETH
#ETH
BINANCE:ETHUSDT
#ETHUSDT
#ETHBTC
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$BTC 15m ShortTook this risky short targeting the lows below as price has mitigated the HTF supply zone
BTC/USDT 1DAY CHART UPDATE !!
The white lines on the chart appear to indicate resistance levels, connecting the recent highs over the past months. The price has struggled to break above these lines multiple times.
The yellow circles mark significant points where the price approached or tested the upper resistance, but failed to sustain a breakout. These points often signal rejection from resistance levels.
The price movement seems to form a descending triangle (a bearish continuation pattern), with a downsloping resistance line and a relatively flat support level, represented by the green trendline at the bottom.
The latest candle shows a price of around $65,319, and it is testing the resistance line again. This could lead to a breakout if the resistance is overcome or another rejection if the pattern holds.
Would you like more insights on potential scenarios or further technical analysis?
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
BTC Short Risky ScalpTaking a short trade for BTC here.
Just following the rejection from the key level. A risky trade, but worth taking the risk.
Entry Price: 63457
SL: 63563
TP1: 63307.82
TP2: 63205.55
TP3: 63105.40
TP4: 62890.94
Ideally, we should retest the other 15MIN Key Level at around 63279 and then bounce from there.
Plan is to move the SL to entry as soon as the TP1 hits and then let the trade play out.
Hopefully, it follows my thinking and we should have another green trade.
Good luck and happy trading!
BTC Short TradeBTC is likely headed for a correction, with potential targets at $38K or even $30K. Keep an eye on key support levels and market sentiment for confirmation of this short trade setup. Be prepared for volatility as the market adjusts! 📉 #BTC #Bitcoin #CryptoCorrection"
BTC/USDT 1DAY CHART UPDATE !The chart uploaded for BTC/USDT on the 1D timeframe shows a crucial resistance level of around $64,000, as marked by the downward-sloping trendline. The chart indicates that Bitcoin has recently approached this resistance level again and is at risk of a pullback, similar to previous rejections from May and August (highlighted by the yellow circles). This trendline, combined with a bearish engulfing pattern, suggests that Bitcoin could soon face another correction, possibly dropping toward the $51,000-$52,000 support area, which aligns with the green trendline on the chart.
The descending resistance trendline supports this short-term bearish outlook, with broad downward pressure visible on both the 1D and 4H charts. If a correction occurs, the $51,000-$52,000 range would be the key support area for a potential bounce or reversal.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
BTC/USDT 4HOUR CHART UPDATE !!The recent 4-hour BTC/USDT chart update shows that Bitcoin attempts to break the downward trendline resistance of around $64,000. However, the projection indicates a downward move, potentially pushing the price toward the support zone near $50,500, which aligns with the lower green trendline. This suggests that Bitcoin may face selling pressure after failing to break this resistance, which could lead to a broader correction. How does the price react to the $63,000-$64,000 range? A successful breakout could invalidate the downward projection, while failure to sustain above $64,000 could accelerate the decline toward the projected lower support levels.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
BITCOIN chart update !!1D timeframe: The daily chart shows a broad downward trendline forming resistance around $64,000. There is also a projection going downwards to the $51,000-$52,000 support area, which aligns with the green trendline on the chart. This suggests that after this resistance, Bitcoin could experience a more significant correction towards lower support levels.
These are possible scenarios based on existing technical patterns. Markets can behave differently depending on macroeconomic factors and other events, so it is important to stay updated.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
BTC/USDT 1hour chart update !!The Bitcoin (BTC/USDT) chart shows price movement within an ascending channel, with the price currently facing resistance near the $64,000 level, as marked by the blue area. The following key details can be observed: Channel Pattern: The price is moving in an upward sloping channel, indicating bullish momentum. However, the price has recently touched the upper boundary and is now facing a pullback.
The blue area around $63,900 to $64,000 is acting as a strong resistance level. The price has touched this area several times but has failed to break it.
An arrow indicates a possible bearish move, suggesting that the price may retrace towards the lower trendline of the channel, around $61,000-$62,000. This would be a common behavior of price consolidation before retesting or breaking the resistance.
A green curve shows a projected bullish reversal near $60,000, which aligns with the lower trendline support. This could provide a buying opportunity if the price tests this level. Summary: BTC is at a crucial point, facing strong resistance at $64,000. Rejection here could lead to a return towards the $60,000-$62,000 range. A bounce off the support could resume the bullish trend, but a break below would signal potential further declines.
If you want more details or have specific questions about further updates, feel free to ask
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
BTC/USDT 4HOUR CHART UPDATE !!The price has recently broken a key downtrend line, which could signal the end of the current bearish trend.
Key support can be seen around the 60,000 USDT mark, with resistance levels closer to the 64,000 USDT region and further up near 74,000 USDT.
The price hovers near the 200-period moving average, which could act as a dynamic support or resistance.
Based on the green curve, there's an expected retracement, potentially pulling back before making another upward movement toward higher levels. The chart suggests bullish momentum might resume after a consolidation.
Feel free to ask if you'd like more detailed breakdowns or specific targets based on these charts!
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
btcusd - short(retest medium line\parallel chanel) 54555short to 54555. As a matter of fact, the price is squeezed in a triangle, we have collected liquidity very well and now we will go down. I'm shorting
BTC to 41k - Crash Incoming.**Trade Setup for BTC/USDT (1D, Binance)**
- **Trade Type:** Short
- **Entry Zone:** $60,300 - $65,300 (Supply Zone)
- **Target:** $41,860 (Liquidity Area)
- **Stop Loss:** Above $65,300
**Rationale:**
- The price is approaching a key supply zone where a reversal due to selling pressure is expected.
- Price action is in a bearish structure, with the potential to make a lower low targeting the liquidity area below $42,000.
- There’s a liquidity pool at $41,860, which could be the final target after trapping long positions.
- Stop-loss is placed above the supply zone to limit risk in case the price breaks higher.
BTC/USDT Technical Analysis Overview:Current Range: BTC is trading within a significant horizontal range between approximately $52,000 (support) and $68,000-$72,000 (resistance). This range has been respected since March 2024, with several bounces between these levels.
Descending Channel Breakout: Recently, BTC has broken out of a descending channel pattern (marked by the white lines). This breakout suggests a potential shift in momentum from bearish to bullish. If this breakout holds, BTC may see a continuation of upward movement.
Around $54,000 (near the green trendline), which has acted as a strong support level throughout this range.
The upper boundary of the range near $68,000-$72,000 remains the key level to watch for any potential breakout to the upside.
If BTC continues to hold above the breakout level and gains momentum, the next major resistance will be the upper range boundary near $68,000-$72,000. A successful breakout above this level could potentially target higher levels around $76,000.
If BTC fails to maintain the breakout and falls below the descending channel, we could see a retest of the lower support around $54,000. A break below this level would likely lead to a test of the lower range boundary around $52,000 or even lower levels.
Momentum indicators like RSI or MACD were not included in the chart, but adding these could confirm the breakout's strength.
BTC/USDT shows potential for further upside following the breakout from the descending channel, with key levels to watch at $68,000-$72,000 for resistance and $54,000 as immediate support. As long as BTC maintains above the breakout level, the bias remains bullish, but caution is warranted near the upper boundary of the range.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
BTC/USDT Daily Analysis:Current Position: Bitcoin is trading around $58,227, moving within a descending trendline pattern but showing signs of upward momentum as it nears a key horizontal resistance zone between $60,000 and $65,000.
The major resistance zone is the brown-shaded area between $60,000 and $65,000. A clear breakout above this zone is necessary for a bullish continuation.
Immediate support is marked by the green descending trendline around $54,000. The next significant support zone is the green area between $43,000 and $46,000, which has historically provided a strong base.
A breakout above the $65,000 resistance zone could lead to a continuation towards $70,000 and potentially higher levels. Positive momentum indicators would support this scenario.
If Bitcoin fails to break above the current resistance and faces rejection, it may retest the descending trendline support around $54,000. A drop below this could see Bitcoin revisit the $46,000 support zone or lower.
Bitcoin is approaching a critical resistance zone, and its ability to break through or face rejection will dictate the next significant move. Watch for a decisive move in either direction for confirmation of trend continuation or reversal.
This analysis is for informational purposes and not financial advice. Stay vigilant with market updates and adjust trading strategies accordingly.
$BTC Short-Term UpdateCRYPTOCAP:BTC #BTC $56,557 support regained and again testing it! Failed to follow thru on bullish engulfing on 4H, bearish engulfing forming on 1D, RSI on 1D and 4H also suggesting a dip shortly, $54,363 remains support in effect here which could be testing if bearish engulfing on 1D played out. $58,882 support needed to reattempt at $61,953.
BTCUSD Short IdeaBeautiful setup for Btc short, lets see if this one is going to go in our favor.:) Worth giving a try.
BTC bear flag ( don't buy)
follow me and boost this idea for daily analysis
look at this trend
we BO below 56K support zone and pullback
compare the momentum of bear side and bull side
really do you want buy here? this is just a flag
10 % we have chance of bull BO
this is very clear
BTC/USDT Weekly Update:!!The BTC/USDT weekly chart shows Bitcoin currently trading near $54,996, testing a descending trendline and a key horizontal resistance zone between $60,000 and $65,000.
There is a significant support zone between $43,000 and $46,000, which Bitcoin has respected in the past. This zone could serve as a strong base for a potential bounce if tested.
The highlighted resistance zone around $60,000 to $65,000 remains a critical area that Bitcoin needs to break above to confirm a bullish continuation.
The green support zone between $43,000 and $46,000 is the immediate downside target if Bitcoin continues to face selling pressure. Below this level, the ascending trendline offers additional support around the $40,000 level.
Potential Scenarios:
If Bitcoin can hold above the $55,000 mark and push through the overhead resistance, we could see a rally towards the next psychological level of $70,000 and beyond. The upper arrow on the chart suggests optimism for a potential breakout.
A failure to hold above current levels might lead to a retest of the lower support zones around $46,000, and potentially lower if market conditions worsen.
A weekly close above $65,000 would provide a strong bullish signal, indicating a potential continuation toward all-time highs.
Monitoring volume and momentum indicators like RSI and MACD on the weekly timeframe could provide early signals of a trend reversal or continuation.
The presence of a descending triangle pattern indicates potential consolidation before a major move. Market sentiment will play a key role in dictating the direction of the next breakout.
Broader market factors, including macroeconomic data and overall crypto market health, will influence BTC's price action.
Traders should watch the key support levels closely and consider stop-loss placements just below the $43,000 zone to manage risk effectively.
It's important to adjust positions based on Bitcoin's price action around these critical zones, especially near major support and resistance levels.
This weekly update provides an overview of the key levels and potential scenarios for BTC/USDT. With Bitcoin currently at a crossroads near important resistance, market participants should closely monitor for breakout or breakdown signals in the coming weeks.
Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
