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HIGH/USDT Significant long moveAnalysis of Long Move for HIGH/USDT at Daily Chart-Time: The HIGH/USDT pair is currently experiencing a significant long move on the daily chart, indicating a strong bullish market sentiment. Traders may consider taking long positions, anticipating further price appreciation. Technical analysis using moving averages, such as the EMA (Exponential Moving Average), supports the presence of a bull market. The upward slope of the moving averages indicates positive momentum and potential buying opportunities for traders. The RSI (Relative Strength Index) can be used to confirm the bullish trend. An RSI reading above 50 suggests bullish sentiment and reinforces the notion of a long move for HIGH/USDT. Applying Fibonacci levels and Fibonacci retracement to the price action can help identify key support and resistance levels within the long move. Traders can look for price retracements to Fibonacci levels, such as 38.2% or 50%, as potential areas for adding to long positions. Volume analysis and the volume profile are important indicators of the strength of the long move. Increasing volume during upward price movements signifies higher demand and supports the bullish trend in HIGH/USDT. Breakouts above significant resistance levels and the formation of higher highs and higher lows indicate a sustained upward trend. Trendlines can be drawn to connect these higher lows, providing potential entry and exit points for long positions. Support levels act as price floors during pullbacks and corrections, offering opportunities for traders to enter or add to their long positions. Monitoring these support levels is crucial for managing risk and setting appropriate stop loss levels. When trading the HIGH/USDT pair, it is important to consider volatility, which can present both opportunities and risks. Traders should adjust their strategies accordingly and be prepared for potential price fluctuations. Liquidity is also essential, ensuring smooth execution of trades and minimizing slippage. In conclusion, the HIGH/USDT pair is currently in a long move at the daily chart-time, signaling a strong bullish market sentiment. Traders may consider long positions based on technical analysis, including moving averages, RSI, Fibonacci levels, and volume analysis. Monitoring support levels, managing risk, and accounting for volatility and liquidity are important factors for successful trading in this bullish market environment.
Long
by SafeCryptoSignals
Solid Monthly Candle & Momentum through Weekly Candle Closure↗️The Monthly closed strongly Bullish with a solid engulfing candle of the previous monthly candle. We closed above $29,243 Monthly resistance. Also we closed above the weekly timeframe Resistance level at $30,322. The Monhtly candle closed but we have not see the weekly closure yet. Into the close of the weekly candle I'm anticipating a bullish push to the Upside. Our massive liquidations on Friday I believe served as a catalyst for a clear path forward. Looking at the monthly candle we can expect another Higher High on the next candle since it's in an uptrend and that was confirmed with market structure during the close of March's Monthly candle. It's my belief that we will soon see our deeply feared $30,730 Daily Resistance Level act as a support for price.
COINBASE:BTCUSDLong
by ShrewdCatfx
Positional struggle on the Bitcoin price. Buyers' turn to attackDuring this week, sellers tried to push the BTC price below $30k at least 3-4 times. But, as you can see on the chart, all attempts failed and the Bitcoin price bounced up within the $30-31k consolidation. It was the buyer's turn to strike back and test the strength of the sellers. The most difficult task is "first strike" and trying to break above $31400. If buyers manage to fix the BTCUSD price above consolidation, then further growth should be easier. Targets are $32650, $33600, $34550. Buyers have a good chance to "nice close" both the weekly and monthly candlesticks in a few days. The critical point is below $29500-30000 , where a large number of stop orders are hidden, and if sellers manage to bring the BTCUSDT price down there, it will be a matter of hours before it drops to $28000. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
56
Yet Again Bitcoin! Failure to close above $30,715 🧟Looking for downside as we move into the next Daily candle for a few reasons. We have had 3 Daily candles back to back fail to close above $30,715 Daily Resistance which was initially created on June 24th. this resistance has held for nearly a week now after a 25% pump from the lows. In the short term it's fair to anticipate a bit more depreciation in bitcoin value. Bitcoin is currently in a range and has been since the 23rd of June. The price behavior has been alot less amusing than the prior week. Just yesterday after dipping into Daily support at $29,901 .. it only took about 15 hours before price ran 2.8% back to the highs. The high of the range $30,715 said " not today" and price still sits in the range. Price is currently in the top half of the range. I believe Inflation red folder news tomorrow during NY Session will help lead the way down and retrace back to at least our newest daily support level $30,085. At that point in time, if we get there, we will reassess. If we've entered the Fomo phase, why have we not continued pumping. Price is stalling at Medium term highs as the Monthly candle comes to a closure. As the new monthly candle opens in 24 hours, it will likely create a bottom wick before it attemtps to drive up. That is the idea for this retracement into the new monthly candle 1Hr Timeframe
COINBASE:BTCUSDShort
by ShrewdCatfx
BITCOIN Scalp 24 June 2023Hello Trader Bitcoin now is on bullish environment last Friday showing market break high of Wednesday and Thursday with strong bull candle Now what i'm anticipate on Saturday is market retrace and continue the expansion leg During Asia Session Market grab Sell Side LQ and break higher sign Asia session bullish now i'm waiting retracement on London to continue higher at least to $31,100 I anticipate a Long from below Midnight Opening Price (00:00 NY time)
EIGHTCAP:BTCUSDLong
by jimmychua1991
Bitcoin will PUMP more soon, but NOT that much as you thinkHello, everyone! While CRYPTOCAP:BTC continues it's fluctuations next to the $30k, a lot of traders have question if it's going to continue pumping without any significant correction to $40k+ or it's just a trap and dump is imminent in the upcoming week. Let's consider the currect price action to understand it. 📈 Why the pump continuation is likely? If we consider the growth from FWB:25K to FWB:31K as the entire impulse it should consists of 5 Elliott waves. As I defined the appropriate time frame here is 2h because we need 100-140 bars to apply analysis. Awesome oscillator is showing us that wave 3 has been ended (likely), but we have not seen the zero line crossunder. It means that wave 4 has not been finihsed yet. At the same time the target area inside the 0.38-0.5 Fibonacci retracement levels has not been reached. The super strong support now is located at $29100 because of target area and the end of the lower degree wave 4(inside the wave 3). From this price I expect another one leg up in wave 5 to $32k. 📉 Why bears can win this battle? On the 4h time frame we have already seen two bearish reversal bars with the squat MFI state. All these bars were the sign of the waves 3 in 3 anf 5 in 3 finish. The wave 5 is imminent, but when we will see the third bearish reversal bar the situation is gonna be very dangerous. When the price will set the new higher high and Awesome oscillator prints divergence it's gonna be the bearish sign of incoming big corretion. That's why you should be very careful now. Best regards, Ivan ____________________________________________________________ 🔥Please, follow me and smash the rocket🚀 button to support me🔥
by Skyrexio
3
Crypto's Impending Boom: Market Shifts and Global DynamicsCryptocurrencies in the Face of Rising Bond Yields and a Strengthening Dollar Cryptocurrencies have been on a short-term downward trend, attributed to deteriorating liquidity within crypto and outside crypto due to rising bond yields and the strengthening dollar, as they are sensitive to rates and liquidity fluctuations. Their recent downturn can also be explained by the fact that they had performed much better than their interest rate & liquidity models had suggested and by US tech stocks sucking flows and liquidity. Capital Flows: The Rising Crypto Tide in Hong Kong Significant rallies in the crypto sector could be on the horizon, especially when the double bottoms in Bitcoin and Ethereum are swept. Some important reasons are the impending acceptance of crypto exchanges by Hong Kong and the return of cash to Voyager's creditors. As Chinese citizens grapple with capital outflows, liquidity flows from China could be redirected to the crypto sector through Hong Kong. At the same time, with mounting US-China tensions, cryptocurrencies could provide an alternative, potentially the only proxy investment to AI (US big tech). In the Face of Uncommon Volatility: A Premonition of Crypto Spikes As we navigate the debt ceiling crisis, we might experience volatility spikes, even though volatility remains subdued. Next week we might start seeing some significant moves, as USD 3.6 billion worth of options expired this Friday, constituting roughly 26% of Deribit's open interest. Implied volatility is at its lowest, with DVOL trading at 44 for BTC and ETH and shorter-dated even lower. This is relatively uncommon, and whenever we've seen such low volatility, a significant spike in vol has followed soon after. A Confluence of Events: Setting the Stage for Crypto Price Surge The latest spike in January coincided with a price rally, which may reoccur, given the significant expiration of mainly call options, with a Put/Call ratio of 0.38. With events such as Voyager distributing >1B in cash to creditors, Hong Kong authorizing crypto trade for its citizens, US tech investors capitalizing/diversifying on >3T gains and redirecting some into crypto, and potential issues with the US banking system or USD stablecoins due to a possible US default, the stage is set for a potentially explosive growth in crypto prices. The last part is something many ignore, but FUD, or real issues around banks or stablecoins, could recreate the conditions for another SVB - USDC type rally, as investors view Bitcoin and Ethereum as the safe havens of crypto and of the financial system broadly. Bullish on Synergy: The Powerful Integration of AI and Crypto The convergence of AI and crypto can create new business models, enhance decision-making processes, improve trust and transparency, and unlock organizational and operational efficiencies. Some areas where AI and crypto can synergize: AI-Powered Smart Contracts, New forms of financial tools, AI-to-AI financial transactions, Enhanced Security and Privacy both for AI and Cryptocurrencies and so on. AI will integrate and interact with open and trustless systems like crypto, but it's unlikely to interact with closed systems like banks. The confluence between the two technologies is apparent, making me bullish long-term. Trade ideas As mentioned in my recent ETHBTC idea, Ethereum looks stronger than Bitcoin. However, Bitcoin looks cleaner than Ethereum. Bitcoin has two critical untested areas lower: 25000-25700 - with 25200 and the double bottom at 25800 being the basic levels, and 22600-23600 - which is an area that the market didn't test appropriately as it went higher, especially 22600, which was the critical breakout level. BTCUSD has two triple tops higher, one around 27600 and the other around 29900. It's unclear whether the double bottom will be swept first or one or both of the triple tops will be swept first, but to me, it's clear that the market will probably rally much higher once the bottom is swept. Given everything I mentioned above, it's better to bet on the upside and not short the market here. Therefore long around 25700 and cut below 24900, long around 23600 and cut below 22500, with targets at 27600 and 29900. Despite all the bankruptcies and negativity around US regulations, it's better to go long than short, as everything else seems quite positive. Although there are some potential negative catalysts for crypto, and 2023-2024 could be like 2019-2020 for crypto, I think that dips are for buying and that it's more likely than not that we are in a bull market rather than a bear market.
COINBASE:BTCUSDLong
by BitcoinMacro
Ending of a Dramatic Week / Bitcoin ₿Quite the week for BTC. 1) A Buy Publishing was made last thursday at price $25,607 2) A Long Ethereum Publishing was made on Saturday at price $1,728 3) A Neutral Publishing was made on Tuesday at price $27,943 4) A Short Publishing was made Yesterday at price $29,318 Current Price is $30,177 BTC has been breaking zones to the upside and it is easy to understand that many players could be engaging in a chase with the market. I Choose patience and good Risk/Reward ideas over chasing the market and hoping that it will continue to rise. I can take a buy here but it's risky. Better to wait on a pullback. In the meantime I see good RR trade ideas. At the end of the day it comes down to the repetition of a process that has probabilities in your favor. And of course manging risk and cutting losses short when you are wrong.
COINBASE:BTCUSDShort
by ShrewdCatfx
Risk/Reward Bitcoin Setup ⛲Risk/Reward is the name of the game. In my scalping this morning I've taken 10 trades. I have gone on a losing streak of 10 trades in a row. After reading the books I've become aware that this is not unsual for a profitable system in the markets. I like the analogy of pulling marbles out of a hat. If you have an edge in the market then over the long term the marbles you pull out of the Hat will net you a positive R. However, in the short term you may pull out 10 marbles consecutively that do not net you anything. This is where trust in your experience and system will serve us as traders for a long time to come. Technicals : Price has arrived at our monhtly supply zone 29,305$. Price is up 9ish percent over 2 days. The Market is not random and I'm aware of that. 8 4hr candles in a row is not common and that is a fact. Combining these confluences..
COINBASE:BTCUSDShort
by ShrewdCatfx
Bitcoin price and altcoins future: dreams or nearest trueTwo months ago, we published the BTCUSDT idea with two possible price movement fractals As you can see, the green fractal is working quite well Today's fractal, which we took from the history of BTC trading in 2016, also fits quite well with the current behavior of market participants. The two fractals have an interesting coincidence: they do not predict a sharp rise in the BTC price. They show that in the past, in similar situations, there was a long consolidation in a narrow trading range with a smooth "creeping" growth. If we believe the fractals superimposed on the current trading situation, then the BTCUSDT price of will be able to update the maximum of 2023, above $31,000, only by the end of this year. What will happen to altcoins during this time? In order for altcoins to start growing, the dominance of BTC needs to start falling. At the moment, BTC.D has updated the highs of 2021-2023 and the growth potential of at least to 51-53% is now visible. Assuming that the BTCUSDT price will be trading in the range of $25,000-30000 by the end of the year, and that BTC.D will simultaneously falling to at least 44%, this will be "a ray of hope" for the growth of altcoin prices. The logic is as follows: while the BTCUSD price is trading in a narrow range for a long time, the "big money" may get bored and start to gradually transfer capital from Bitcoin to altcoins. Or pumps alts in BTC pairs is the technical aspects of the "magicians" In turn, this process may trigger the following: a drop in the dominance of BTC.D, the main thing is not to increase the dominance of USDT) pumping of certain "categories" of altcoins. By the way, we are still thinking about what "caste" of altcoins will be called the next "future of the crypto market", as it was with ICOs, DeFi, NFTs, or AI with Web3. the inflow of "new and fresh" money to the crypto market, because here everything is growing so fast that you can get fabulously rich in a matter of days) which can scale the pace and number of altcoin pumps. What are your thoughts on the above? Is it real? What type of altcoins will start the next alt-season? Share your thoughts in the comments. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
33
Bullish Descending Wedge ? ₿ Weekly S/R Level $24,363Price is squeezing to the downside as we approach our 24,363$ Weekly S/R Zone. It also happens to be an extreme Daily Zone. The next Daily zone being at 22K which is a 10% drop from $24,363 Level. Short Traders have enjoyed a consistent downside push across the past 2 Months ever since BTC tapped into the $30,000 Weekly Level. This Long idea has to do more with the psychology of some players wanting to jump in the short/downside train. We'll see if a correction will change their minds as I can see a correction to clear out liquidity after we touch into a weekly S/R level ( 24,363$) . This Weekly s/r level was quite relevant during August 22' and February 23' .
COINBASE:BTCUSDLong
by ShrewdCatfx
Profit Taking after 5% Jump 🍞Profit taking for a trader is crucial because you must pay yourself for the time spent in front of the chart. So long as you follow the adage "Let your profits run and cut your losses short." It is a job and not a hobby/passion at the end of the day. We are playing with real money here! The market has ascended 5% and that is about the extent of the Average True Range when Bitcoin pumps or dumps. So you could roll the dice and hold to see if we run another 2-3% but why not stay disciplined. Price has reached a Weekly resistance level anyways. Pay yourself and go enjoy your life. Anyways there are some players who have been lying on the sidelines for a chance to jump in at a Weekly Level. Nonetheless I am just another talking head on Tradingview. Follow your Plan because if you believe in it, then it is the true way.
COINBASE:BTCUSD
by ShrewdCatfx
4
Bitcoin Potential DownsidesHey Traders, During today's trading session, our focus is on monitoring BTCUSD for a potential selling opportunity around the 27400 zone. Bitcoin is currently engaged in a downtrend and is in a correction phase, gradually approaching the significant support and resistance zone at 27400. In the upcoming week, it is advisable to closely monitor the DXY (US Dollar Index) in order to confirm the overall market sentiment. A strong dollar tends to exert downward pressure on Bitcoin. Therefore, keeping an eye on the DXY can provide valuable insights into the potential impact on Bitcoin's performance. By assessing the strength of the dollar, we can better understand the broader market dynamics and make informed decisions regarding Bitcoin trading. Trade safe, Joe.
Short
by JoeChampion
6
Bitcoin will go down by Ending Diagonal Pattern❗️❗️❗️Bitcoin seems to have completed its 4th wave with the common Expanding Flat(ABC/3-3-5) structure, so that the microwave C structure is Ending Diagonal . I expect Bitcoin to move towards a 🟢 heavy support zone($ 26,400-$ 25,800) 🟢 after breaking the lower Ending Diagonal line. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
21
BITCOIN MAKES CLASSIC DEAD CAT BOUNCEAs you can see in the chart, this is a very simple setup: When we look at the big picture, we have a dead cat bounce breakout retest pattern. As confirmation, we have a clear RSI bearish divergence and a descending triangle, which can be a good entry point. As targets we have the clear support levels and we set an stop loss at the last swing high, so in case the price goes against the position, we protect our capital. Sticking to ideas when proved wrong can be a very expensive mistake. Always be ready to change your mind.
Short
by piccard54
3
[ BTC ₿ ] Set for a Pullback? ↘️- BTC Monthly candle is set to close in 6 Days and it appears to be closing as an engulfing candle - This current weekly candle has 4 days left to close. We have confirmed momentum already as the 3 previous weekly candles are bearish - The weekly timeframe is rejecting the June 6th,2022 Weekly Resistance Level at ( 30,000$ ) - Our Last Daily Level 26,749$ has just seen a large Daily engulfing candle close strongly below it -We may observe here on the line chart that the price is dribbling downwards and the bears appear to be in charge at least in the short term here - The first target for shorts being ( 24,309 $ ) Daily Zone & Weekly S/R Zone - Shorts target for June is ( 22,009 $ ) Weekly Zzone
COINBASE:BTCUSDShort
by ShrewdCatfx
3
BTC Short and then Long respectively So this analysis takes into consideration technical touch points, the Fibonacci retracement to 0.5 and 0.618 is my personal favorite to load up and go Long. For now it seems that support is exactly at 0.5 (22K) and 0.618 (20K) respectively. If we take the bottom of BTC and not 16.3K when the rally started. 3rd touch point on the channel support, waiting to see whether it rejects/goes through. A Rate hike of .25 basis pts appears to not be on the table for tomorrow but next month it is. Who know what will happen. This rally needs to cool off, grab liquidity at Demand zones and retrace before Longing and also fill CME gaps at 30 K ish etc...
BITSTAMP:BTCUSDShort
by Adrilogean