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Bitcoinusdt

BTC: Ascending Triangle BreakoutBitcoin (BTC) technical analysis: Trade setup : Bullish breakout from an Ascending Triangle pattern, above $38K resistance, signals resumption of uptrend with upside to $45K near-term and $50K medium-term. Price is getting overbought (RSI > 80!) and we could see some consolidation around $45K resistance area before continuing its upward path. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $38K (previous resistance), then $35K. The nearest Resistance Zone is FWB:42K , which it broke, then $45K.
Long
by altFINS
4
Story about Bitcoin BTC price route map for the coming monthsGalleon ships called "Big Money" are increasingly openly entering the vast and boundless ocean of the cryptocurrency market. To fill their holds with gold and spices crypto assets, they need to manipulate the market a bit, and they have the resources to do so. The largest liquidity that is instantly "poured in" is hidden behind the breaking of stop orders. Yesterday, the last portion of stop orders on small long positions that had been accumulating for more than 3 weeks in the consolidation of $30-31k were broken. In addition to providing an instant large portion of liquidity, breaking stops also has another function - knocking competitors out of their positions . Without "extra passengers," it's easier to move the price in the right direction, because no one will record profits in places MM doesn't need and thus slow down the price movement. Therefore, we think that MMs have started an expedition in search of resources with a confusing route called "the Big Saw" . It is very likely that sharp trend reversals will occur in the most unexpected places, when euphoric moods such as: well, price has come out of consolidation, now it's definitely "to the mooon", or all is lost "crypto scam". Let's try to predict what kind of navigation map "Big Money" has drawn for itself: since yesterday the price of BTCUSDT was not allowed to gain a foothold below $29500, we assume that at least for the next week, the price is expected to move north, towards $32500 then on July 26, the announcement of the new Fed rate, which is expected to rise by +0.25%. This event may become a trigger for a more thorough correction in the crypto market. Further breakout of the purple trend line, which has been in place since early 2023. On the market starts to feel negative, that "everything is lost" - we fall by $20-10-5 thousand per BTC, panic is a terrible thing. But as soon as a large number of coins are sold and liquidated under the fear of "losing everything," MM can easily reverse the trend upward. We assume that this can happen around $27300. Moving upward, the BTCUSDT price begins to consolidate above $30 thousand, then above $31 thousand, and then the FOMO of small money is activated: we have been deceived, we need to buy now and immediately, after all, "to the mooon" will be. Thus, updating the annual highs of the BTC price is possible, but growth will slow down, because on increased trading volumes that can disperse by"small money", "big money" there will be a good chance to fix at least part of the profit. And in the region of $34000-34200, a fairly deep and powerful correction in the crypto market may begin. But be that as it may, we don't see the BTCUSD price falling below $24000 even in the most pessimistic forecasts by the end of 2023. In general, it is worth remembering that in 9 months, BTC will have "the halving". Roughly speaking, the cost of one mined BTC will double. Now the weighted average cost of one mined Bitcoin is more than $20 thousand. So in the long run, everything will be fine!) Disclaimer: All characters and events described are fictional. Any coincidence with real people or events is a coincidence :) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
46
Risk/Reward favors downside shift to risk Off Sentiment.. BTC has reached a crucial point in which candles appear to be failing around 35K. We must consider potential scenarios to begin the new month of November. In One of these scenarios we may anticpate a retracement to capture fomo liquidity. Fomo liquidity is psychological concept in trading that refers to the chasing of price. New Monthly candle retracement for liquidity purposes. Current : 34775 33,372 TP 1 TP 2 30,300 Weekly Level Trade idea Fakeout back below 35K
COINBASE:BTCUSDShort
by ShrewdCatfx
1
BTC: Ascending TriangleTrade setup : Bullish breakout from an Ascending Triangle pattern, above $38K resistance, signals resumption of uptrend with upside to $40K near-term. Stop Loss at $36.7K (most recent swing low). Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $35K (previous resistance), then $32K. The nearest Resistance Zone is $38K, which it broke, then $40K.
Long
by altFINS
Bitcoin BTC price trading plan for the coming monthsFor more than 2 weeks, we have been observing that despite the almost perfect development of our ideas, the number of likes and comments under them has decreased. Do you not like the content presentation or do our ideas not coincide with your thoughts on the future of the crypto market?) Please write about it in the comments below the idea... Since you didn't like our ideas for BTCUSD on smaller time frames: We suggest you familiarize yourself with our thoughts on a longer timeframe. Let's assume that the global reversal on the BTCUSDT price chart will occur precisely because of "Inverted Head and Shoulders" pattern We are considering a possible buying of Bitcoin for a medium- and long-term investment in the range of $18700-19800 in the second half of March. We also remind you that the second and third decades of March will be dotted with publications of US macroeconomic indicators (CPI, Fed rate, etc), so the markets will be volatile. At the same time, in March, they promise to start paying 140+ thousand BTC as compensation after the theft on MtGox. Although these payments are postponed from year to year, they will happen sooner or later. And if at least some of them want to make a profit, it will put a lot of pressure on the BTC price and the crypto market in general. The medium-term growth target, according to the"Inverted Head and Shoulders" pattern, is in the region of $40,000 - $41,000. We would also like to remind you of our ideas from last year: Bitcoin & Cryptocurrency results of 2022 and plans for 2023-2025 🔥 How much can the Crypto market capitalization grow by 2025 🔥 As you can see, we think the potential for growth in the coming years is going to be phenomenal. What do you think, which coins will grow the best? AI, WEB3, NFT, DeFi? Share your thoughts in the comments below the idea! Perhaps you are following a specific project, then write a ticker in the comments, if we see prospects in it, we will definitely publish an idea for it. Have a great weekend to all!) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
77
BTCUSDTThis is a 4H frame analysis for BTCUSDT Currently, the price is below our first resistance line and has attempted several times to break this static region and establish itself above it, which has been unsuccessful. On the 1-day timeframe, we cannot see any upward momentum and the candles are not currently indicating any upward movement, however, we can remain hopeful that the price can move up again. Keep in mind that if the price hits its support too hard and is unable to move up, its support may be lost, so trade cautiously. Also, keep in mind that if the price fully penetrates the support line and establishes itself, it can move to even lower numbers, such as $19,560.
by MarsSignals
4
BTCUSDT - 17/09/2023The weekend for BTC is essentially a trap. People get bored, they get into trades, place their stop losses at the recent high/low and eventually get stopped out, most of the times on both sides, long and short. A variant of the TR Pocket Fib consists of drawing it from the Saturday's high to its low, referring to UTC+0 timezone and after that I will then look at current market conditions to determine which entries are most likely to happen. This Sunday I believe we can actually get a trade from all 4 levels or 2 at least because I think it's most probable for us to come to one of the lower levels to get liquidity and then go to the higher ones, possibly 27000 which has a Single Print or to 27190 which is a TPO POC. However, when and if we go to one of those higher levels, it is also very probable to come down to 23568 which has another Single Print right on top of a super ancient Breaker Block. This trap move usually happens around Sunday 16 to 19pm UTC+0. So I think the most probable move would be to reach a lower level of the TR Pocket, bounce from there and then reject from 27000 (Single print), 27190 (TPO POC) or 27392 (Liquidation level). However, if we go to one of the levels above first, it would then be probably best to cancel the longs since we have a considerable liquidity curve to grab and also a big vector to recover below us. How I personally trade this is to enter on each of the levels, take TP1 at the 0.5 of the TR Pocket Fib, move the stop to breakeven and then try to let the rest ride because this can be the trade that lasts for 3 or 4 days until we get the Mid-Week-Reversal. Also, although my bias is for more downside, we have to consider we are in a macro daily range, ever since we SFP'd 24778 (MEXC Value) so any of these long entries might be what takes BTC up if we are to do a full range rotation eventually.
by andrefconde
BTC Price: A Cautionary Outlook on Potential Dip Below $25,000Introduction: As the cryptocurrency market continues to captivate traders and investors alike, the recent price fluctuations of Bitcoin (BTC) have sparked concerns among many. This article explores the possibility of BTC's price falling below the critical 0.5 or 0.618 Fibonacci retracement levels, specifically targeting a potential dip below $25,000. We urge traders to approach this analysis cautiously and consider its implications for their investment strategies. Understanding Fibonacci Levels: Before delving into the potential price movement, it is crucial to understand the significance of Fibonacci retracement levels in technical analysis. These levels, derived from the Fibonacci sequence, help identify potential support and resistance areas in a price chart. Traders often use these levels to determine likely buying or selling opportunities. Analyzing BTC's Price Movement: Examining BTC's recent price action, we can observe a potential scenario where the price may fall below the 0.5 or 0.618 Fibonacci retracement levels. It is important to note that this analysis is speculative and should not be considered financial advice. However, historical data suggests that BTC's price has experienced significant corrections, making it essential for traders to be prepared for potential downturns. The Potential Dip Below $25,000: Considering the current market conditions and the possibility of a BTC price correction, it is not entirely implausible to anticipate a dip below the $25,000 mark. This level held psychological significance and was previously a strong support level during BTC's price consolidation phases. Traders should know this potential scenario and assess their risk tolerance accordingly. Call-to-Action: Given the analysis presented, we encourage traders to exercise caution and remain vigilant in their BTC investment strategies. While the cryptocurrency market can be highly volatile, it is essential to remember that any investment carries inherent risks. Here are a few steps to consider: 1. Diversify Your Portfolio: Spread your investments across various assets, including cryptocurrencies, stocks, and traditional investments. Diversification can help mitigate potential losses during market downturns. 2. Set Stop-Loss Orders: Implementing stop-loss orders can help protect your investments by automatically triggering a sell order if the price falls below a predetermined level. This strategy allows you to limit potential losses and manage risk more effectively. 3. Stay Informed: Continuously monitor market trends, news, and expert opinions to stay updated on the latest developments in the cryptocurrency space. This knowledge will enable you to make informed decisions based on a comprehensive understanding of the market dynamics. Conclusion: While the possibility of BTC's price falling below the 0.5 or 0.618 Fibonacci retracement levels, specifically targeting a dip below $25,000, cannot be ruled out, it is crucial to approach this analysis cautiously. The cryptocurrency market is highly unpredictable, and traders must carefully evaluate their risk tolerance and investment strategies. You can navigate potential market downturns more effectively by diversifying your portfolio, setting stop-loss orders, and staying informed.
BITSTAMP:BTCUSD
by bryandowningqln
BTCUSDTThis is a 1D frame analysis for BTCUSDT As expected, after bouncing off the support line, the price encountered the first resistance line and started to move upwards. As per our previous analysis, we expect it to reach the desired line and then, after demand, to move powerfully towards the resistance lines. Keep in mind that after the price bounces off the demand line of Bitcoin, it will stabilize above it and keep an eye out for the consolidation patterns that may provide support and cause the price to slowly go up after a short spike. We can then take advantage of this by making a ladder buy. Investors should definitely adhere to this and make ladder buys.
by MarsSignals
1