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BTC Downtrend Scenario and Key LevelsBTC seems like it is following this daily downtrend channel, and seems to be reversing from the top of the channel. All the timeframes (Daily, 4H, 1H, and 15 Min) are screaming downtrend. We saw that it retested the downtrend resistance at 61125 level and looks like it might retest it. We have 5 minutes left in 4H timeframe so will need to wait for it to close and see how price reacts to it. Will wait for short long entry if the price breaks the 15 min key level and will have the target at the 1 Hour Key Level. (But chances are low). I feel like we will go down further till 59200 area where the 1 Hour strong demand zone is. If we break that, then we might see 54000 - 50000. Waiting on the sidelines until I see any clear structure or pattern forming. I feel safe that way. Good luck and happy trading!
by MoneyChartz
BITCOIN → False breakout of $ 65,000. What's next ↓ ?BINANCE:BTCUSD entered a strong buying zone (above 65K), but the bulls failed to realize the potential. The price returned in the channel boundaries, eliminating the positively-minded... A false breakout is forming relative to 65K. After the liquidation and strong impulse, a small correction is formed, directed to the imbalance zone. The retest may end with the bears holding the defense below 65K, in this case the price may start a gradual decline due to the lack of opportunity to break through 65K (in this case the all-time favorite pattern “Head and Shoulders” may form here). The focus is on the support 62745, below which an ogrom pool of liquidity is formed, if the price enters this zone, the market may spill down.... The global range of 65K - 55K is still relevant. It is not excluded that the resistance can be broken quickly, but for the moment the fight for 65K is still going on... Bears will be able to confirm their victory provided the price consolidates below 62800. Resistance levels: 65K, 66K Support levels: 62745, 61320 As the fight for 65K continues, the bulls may make another attempt on the background of the retest. If they will be able to consolidate above the 65-66K zone, the price will head to the global resistance - 68-69K, where a more serious, fierce struggle will develop... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Short
by RLinda
12
BTC - Daily, a Pullback before the bullish rallyI’m bullish on BINANCE:BTCUSDT for the higher timeframes and expect a new all-time high (ATH) by late 2024 or early 2025. However, in the short term, my strategy signals a potential pullback. I’ll take a short at the $66K zone and look to add to my crypto assets if the price drops to the $60K zone again, just like in my previous trades. This could be a great scalp opportunity while still preparing for the longer-term rally.
Short
by Sober_Trading
1
Bitcoin drops as risk appetite take a hitRisk assets took a tumble on reports a a senior US official has revealed that Iran may soon launch a ballistic missile attack against Israel. The US is helping Israel prepare its defenses, warning that such an attack would have serious consequences for Iran. This development comes after Israel escalated its military operations against Tehran-backed Hezbollah in southern Lebanon. Along other risk assets, Bitcoin fell and broke a key short-term support level around $63,000. This level marked the most recent before BTC/USD bulls launched another attempt to push price above the 200-day average at $64,000 and resistance around $65,000. While Bitcoin breached this zone to briefly climb above $66,500, it couldn't hold onto those gains, falling back relatively sharply in the last two trading sessions. As a result, BTC has now broken its short-term bullish trend line. If BTC now stays below the broken $63K support level, this could potentially lead to further follow-up technical selling towards the next key support around $60,000. By Fawad Razaqzada, market analyst with FOREX.com
COINBASE:BTCUSD
by FOREXcom
2
MYRO Long Spot Position (Reversal with 21 EMA Reclaim)Market Context: MYRO is showing signs of reversal by reclaiming the 21 EMA for the first time since July and turning a key resistance line into support. This offers a promising risk-to-reward trade if the price continues moving upward. Trade Setup: Entry: Around $0.082. Take Profit: First target: $0.115 Second target: $0.16 Third target: $0.22 Fourth target: $0.26 Stop Loss: Daily close below $0.074. This setup has a favorable risk-to-reward profile if the upward momentum holds. #MYRO #CryptoReversal
Long
by Richtv_official
APT Long Spot Position (Inverse Head and Shoulders Breakout)Market Context: APT is breaking out from an inverse head and shoulders pattern, holding the 200 EMA as support while flipping previous resistance. The key resistance level to clear is $9.8, which could trigger rapid price expansion. Trade Setup: Entry: Dollar-cost average (DCA) between $8 and $6.8. Take Profit: First target: $9.8 Second target: $12 Third target: $14 Stop Loss: Daily close under $6. This setup looks solid for a breakout continuation if resistance is cleared. #APT #Crypto
Long
by Richtv_official
BTC can Reach $125k If It Manages to Break this ... !!As I mentioned last year, Bitcoin could return to its peak, and it has. Now, as you can see, Bitcoin is in a cup and handle pattern on the weekly timeframe. This can be an incredibly strong signal for a price increase. If the breakout happens, Bitcoin's price could reach $125,000 in the new year, which is not far-fetched, just like the AB=CD pattern. previous Analysis Bitcoin - Time to buy again! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
6
October, ScenariosIn the previous update, we presented the Triangle scenario in wave . It is shown on the left. This scenario is supported by the robust structure of the Triple Three wave pattern and the traditionally positive seasonality for Bitcoin in the October-December period. For instance, the average monthly growth of BTC in October is 19.6% (since August 2017). Are there potential corrective alternatives? Perhaps the most promising one is the formation of a Diagonal from 49000. This is also a bullish scenario but requires much more time to develop and suggests significant fluctuations in the 50-68k range over the next two months. The scenario will start to become relevant if the pullback from 66498 does not conclude at the current levels and evolves into a full-fledged correction. Crossing 57493 would invalidate the Triangle scenario, switching us to the Diagonal. The weak point of the Diagonal scenario is that the preceding segment is hard to decompose into quality waves. Meanwhile, market operators have a strong temptation to hit the "weak hands" of margin buyers, driven by FOMO and the expectation of an ATH.
by Nickonomics
Bullish Surge or Bearish Breakdown? The Key Zones to Watch for BThe chart displays a critical support zone marked in Blue, ranging from $61,800 to $62,605.62. If the price of Bitcoin stays above this zone, it signals strength in the market, and we could see buyers stepping in, leading to a potential rally. In this case, the next target would be the descending Red trendline, which indicates the area of resistance where sellers might push the price back down. A breakout above this trendline could open the door for further bullish movement, possibly toward higher levels beyond $69,000 On the other hand, if Bitcoin fails to maintain its price above the Blue support zone, the next level to watch is the minor support at $59,791.23. This could become the next line of defense for buyers, but if the selling pressure persists and the price falls through this level, the market could target the broader Green support zone between $57,061.68 and $57,738.70. This area has previously served as a strong support, meaning it could potentially halt the decline. However, if this zone also breaks, the market may face a deeper correction. According to our analysis, the price of Bitcoin will bounce back from the Blue support zone but if the price fails to hold the support zone Blue and drop from here the price might bounce from the Green support zone and not go further deeper.
Long
by TheCryptoCity
ETH breakout??Ethereum has generally been falling behind this Bullrun with some disappointing PA. Currently RTH finds itself able to prove some LTF strength with a breakout play on the 15m timeframe. After trending to the downside over the weekend ETH has hit a bullish OB and reacted well off that level that coincided with the bottom of the channel. Price has now broken out to the upside, retraced to test that level as new support and it's here where R;R is strong should ETH show some strength and push upward. Some points of confluence would be the 200ema now trending up and is at the same support level as the trendline, I'd like to see good support here. Easy invalidation would be a break in structure at the local low, along with a loss of the 200ema & trendline support. BTC's behaviour also a factor in this move too as it always is when HTF chop occurs.
by ProR35
9/30 Market Surge: SP500, Crypto, and Whale AccumulationOverview: The AMEX:SPY closed strongly today, spurred by dovish remarks from Jerome Powell during a press conference. Powell signaled that the economy is cooling and reiterated the Federal Reserve’s commitment to achieving 2% inflation. As a result, 61% of traders now anticipate a 1 basis point rate cut in November, while 39% expect a 2 basis point cut. The AMEX:SPY had been gradually sliding earlier in the day, but Powell’s comments fueled a rally, allowing the index to engulf Friday’s red candle. Trading volume for the SPY ETF more than tripled during the press conference, reaching levels similar to Wednesday, September 18, when the recent rate cut was announced. Bullish. The tech ETF NASDAQ:QQQ didn’t manage to engulf Friday’s candle but still saw a solid rally, accompanied by trading volume that was 10x higher than usual. BlackRock continued its buying spree, acquiring $72.2 million worth of BTC, which is below their usual $118 million purchases. Over the past six days, BlackRock has accumulated nearly half a billion dollars worth of BTC and an additional $100 million of ETH. Is this how whales are dollar-cost averaging into the market? BTC TA: W: BINANCE:BTCUSD saw a sharp sell-off originating from Asia early Monday. Despite this, it remains above the Bollinger Band MA at $62.8k. The point of control for the current bull move is at $63k, with key weekly and daily resistance at $64k. BTC must hold within the $63k-64k range to maintain the bullish trend; failing to do so could signal one of the year’s largest bull traps. D: The recent correction has halted precisely at the point of control, where the most trading activity occurs. However, the RSI remains overbought at 73.4, and the MACD shows bearish histogram divergence. Bearish. 4h: On shorter timeframes, RSI has moved into oversold territory. Additionally, the VWAP oscillator has crossed above the 0 line, signaling short-term bullishness. A rebound to the $64.7k Fibonacci 0.618 level is possible. Bullish in the short term. 1h: Price broke through the weekly and monthly resistance at $64 k but is struggling to maintain this level due to significant selling pressure. Neutral to bearish. Altcoins Relative to BTC: Top altcoins have started pumping again after Monday’s correction. Coins like SUI, APT, and FTM posted gains of more than 7% by early Tuesday. These altcoins have proven that the recent correction was not a bull trap and are leading the market in this cycle. Even if BTC remains range-bound, altcoins could continue to pump, interpreting the situation as a non-bear market scenario. Bull Case: The bull trap has been avoided, and the market has resumed its uptrend. With additional liquidity expected from future rate cuts, the correction is seen as a temporary pullback. The Federal Reserve's dovish stance increases the likelihood of more liquidity flowing into speculative assets like crypto. Bear Case: The market may still be caught in a massive bull trap. Altcoin buyers at these levels could find themselves overexposed if the broader market falters. Fear and Greed Index: Currently at 47.89, the index has pulled back from the "Greed" area and is now just below the midpoint of 50, indicating a neutral sentiment in the market. Prediction: If BTC fails to reclaim $64 k , sentiment may shift bearish in the near term. Conversely, reclaiming this level could pave the way for further upside, with a first target of $67k.
COINBASE:BTCUSDLong
by EvgenCapital
Bitcoin acting like a little brat.There are a lot of diverse opinions about Bitcoin, right? The only issue is, I don't know how they are completely certain that they are right! Perhaps I am overly doubtful. ----- There was a bullish flag formation on the Bitcoin *weekly* chart. To finish the flag pattern, Bitcoin needs to end September with a monthly close between $68,000 and $70,000. This is the optimal outcome. If it falls within the range of $65,000 to $68,000, it is likely to proceed but caution is advised. ----- However on the same time , a bearish triangle was formed on the *monthly* chart of Bitcoin. so if monthly close below $62,000 is considered bearish. -----if it ends from $62,000 to $65,000, the irritating consolidation will persist. For the benefit of altcoins, Bitcoin needs to hit $68,000. For what reason? Due to the fact that many of them have passed away and been interred! The crypto market needs $68,000 to continue operating. ------------------------------------------------------------------------ I believe BTC will hit (only hit, not closing!) $68,000-$70,000 within the upcoming days. Following that, I would patiently await the market's decision. Do not touch BTC and focus on altcoins with both eyes. TAO, FTM, SUI, CKB, and RSR appear to be in a positive trend. Some individuals like TIA,CFX,NEO,NEAR,IMX and etc have the ability to increase their daily movement by 30% to 50%. However, cash out your earnings and be patient for Bitcoin.
by El_retardo
BTC/USDT Analysis Update 01.10.2024BTC has completed wave 3 of wave 1 (or wave A). Currently, it is progressing through wave 4, which typically retraces to the 0.382 - 0.5 Fibonacci levels. In this area, the hourly MA200 acts as a resistance level and a potential rejection zone. Moreover, there is a potential bearish divergence forming between wave 2 and wave 4, suggesting a likely decline after testing the MA200. If BTC breaks and holds above 66,200, it would invalidate this trading idea. ⚠️ Disclaimer: ⚠️ 🚫 This is not financial advice. Trade responsibly and conduct your own research before making any decisions.🚫
COINBASE:BTCUSD
by RhinoAkaBear
BTC [1W] Cup with Handle is formedHello friends! We have prepared an analysis of the BTC chart based on the "Cup with a handle" pattern. At the moment, all the conditions for working out this pattern have been formed. 1. There was a bullish trend before the pattern was formed 2. The deflection in the cup is not more than 80% of the previous trend 3. The length of the handle is not more than 50% of the length of the right side of the bowl 4. All this is on a high time frame of 5. The EMA 200 enhances the pattern when the handle is located at the bottom
BITSTAMP:BTCUSDLong
by Gethodl