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Btc-usdt

HelenP. I Bitcoin will correct to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price entered to consolidation, where it at once rebounded from support 2, which coincided with the support zone and rose to the top part of the range, but then BTC made a correction movement. After this, the price fell to the support zone, where it reached the trend line and started to move up between this line and soon broke support 2 again. In a short time later BTC exited from consolidation and continued to grow a higher trend line to the next support level, coinciding with one more support zone. When the price reached this level, for some time traded near, and later made a little correction movement, thereby breaking the trend line, but soon BTC turned around and made a strong impulse up. Price broke the trend line with support 1 too and then rose to 72000 points, but a not long time ago BTC turned around and started to fall. For this case, I expect that BTC will decline to the trend line and then turn around and start to grow again. That's why I set my goal at 72500 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
BTCUSDT.4HUpon analyzing the BTC/USDT 4-hour chart, several critical technical indicators and levels stand out, providing insight into potential price movements. Trend and Resistance Analysis: The chart shows that Bitcoin has faced several periods of volatility, with the current price hovering around 66,707.40 USD. The price is currently testing the resistance level marked as R1, around 67,373.58 USD. A successful break above this level could see the price testing the next resistance at R2, which is around 71,320.28 USD. The overall trend appears to have a slight upward trajectory as the price has managed to break above a significant downward trend line. Support Levels: There are several key support levels identified. The immediate support level is labeled as S1 at approximately 66,000 USD. Below this, the next significant support levels are S2 at around 59,357.32 USD and S3 at approximately 56,447.95 USD. These levels have historically provided strong buying interest, which could prevent further declines if the price retraces. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 58.91, indicating that the asset is in a neutral to slightly bullish zone. The RSI has been trending upwards, which suggests increasing buying momentum. The Moving Average Convergence Divergence (MACD) indicator shows a bullish trend with the MACD line (blue) above the signal line (orange) , supported by a positive histogram. This suggests that bullish momentum is currently stronger. Volume Analysis: The volume pattern indicates that the price increases are accompanied by substantial trading volume, reinforcing the bullish sentiment. The volume spikes at key price levels suggest strong market participation during upward movements. Conclusion: In conclusion, the BTC/USDT pair is showing signs of a potential bullish breakout if it manages to stay above the R1 resistance level. The indicators, including a rising RSI and a bullish MACD, support the likelihood of continued upward movement. However, traders should remain cautious of potential retracements to the support levels at S1, S2, and S3, which could offer buying opportunities. Monitoring the price action around these critical support and resistance levels will be crucial for making informed trading decisions. Overall, the market sentiment appears cautiously optimistic, with key levels and indicators suggesting a potential continuation of the upward trend, provided the resistance levels are successfully breached and maintained.
by MarsSignals
BITCOIN - Price can break support level and decline to $64000Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it broke $66500 level and fell to support line of channel. BTC rose to resistance line, but at once made downward impulse, thereby exiting from channel and breaking $60200 level. After this, price started to grow inside wedge, where it soon broke $60200 level again and rose to resistance line. Then BTC made correction to support level, after which bounced and in a short time rose to $66500 level. A not long time ago price broke this level and now it continues to trades near inside resistance area. In my mind, Bitcoin can bounce down from resistance line to $64000, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
BITCOIN - Price can bounce up from support line of wedgeHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to falling channel, where it soon broke $68900 resistance level and fell to support line. Next, price tried to grow, but failed and declined to $60100 support level, after which bounced up. BTC rose to resistance line of channel and then continued to decline near this line, after which made downward impulse. Price exited from falling channel, and entered to wedge, where it broke $60100 level, which coincided with support area. Soon, price bounced from support line of wedge and rose to resistance line, breaking support level again. Recently BTC fell to this level and now I think price can bounce up from support line to $66500 resistance line of wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
4
HelenP. I Bitcoin can fall a little and then bounce up to $64000Hi folks today I'm prepared for you Bitcoin analytics. A not long time ago price rebounded from the trend line and made impulse up to the support level, which coincided with the support zone and soon broke this level. After this, BTC continued to move up to the resistance level and even entered to resistance zone, but soon turned around and fell below the 64000 level. Some time later Bitcoin broke this level again and rose even higher resistance zone, but then it started to decline and fell almost to the support level, breaking the resistance level one more time. Next, BTC rebounded and tried to rise to the resistance level, but failed and declined to the 60100 support level again. After this movement, price started to rise near the trend line and even later BTC rebounded up, but recently declined back to this line. So, just now, the price continues to trades near the trend line and I expect that Bitcoin will decline a little lower than the trend line and then rebound up to the resistance level. For this case, I set my target at the 64000 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
After exiting from pennant, BTC can make retest and bounce upHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a long time ago reached a resistance level, which coincided with the seller zone, and then made a downward impulse to 56500 points, thereby breaking the 60200 level. But later BTC turned around and made a strong impulse up to the resistance level, breaking the 60200 level, which coincided with the buyer zone one more time. Also, the price entered the seller zone, where it rose to 65300 points and then at once turned around and started to decline, breaking soon the 64600 level again. As well price continued to decline inside the pennant, pattern, where it corrected almost to the support level. After this, BTC rose to the resistance line, but at once rebounded then and fell to the 60200 level and then started to grow to the resistance line of pennant again. When BTC reached this line, the price broke it, thereby exiting from the pennant pattern and now it trades near. In my opinion, Bitcoin can decline to this line, making retest and then rebound up. For this reason, I set my target at the 64600 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
BTCUSDT.4HLet's dive into the 4-hour chart for BTC/USDT to extract insights and devise a potential trading strategy based on the observed technical data. Key Resistance and Support Levels: Resistance 1 (R1): $59,357.32 - This level is acting as the immediate ceiling for price actions, which if broken, could indicate increased buying momentum. Resistance 2 (R2): $67,373.58 - A higher resistance point that could be a medium-term target if R1 is convincingly surpassed. Resistance 3 (R3): $71,320.28 - This represents a significant peak and a tough resistance to overcome. Support 1 (S1): $56,447.95 - The primary support level based on recent lows, providing a potential floor. Support 2 (S2): This appears to be even lower than S1, but the chart does not specify an exact value. Technical Indicators: Relative Strength Index (RSI): The RSI stands at 48.42, which is near the neutral zone but slightly leans towards bearish sentiment. This positioning suggests that the price might still have some room before it reaches the oversold condition. Moving Average Convergence Divergence (MACD): The MACD is currently below the signal line, indicating bearish momentum. The MACD histogram also suggests that the bearish momentum might be increasing as the bars are growing in size on the downside. Trend Analysis: The chart shows a descending trend line, indicating that the overall momentum has been bearish. The price is consolidating below this trend line, suggesting resistance against an upward move. Conclusion: The BTC/USDT market currently exhibits a bearish bias, as indicated by both the MACD and the descending trend line. Traders might consider looking for shorting opportunities at resistance levels, especially if the price fails to break above the trend line and shows reversal signs such as rejection candles or increased selling volume. For a bullish scenario, a break and close above the trend line and subsequent breach of R1 at $59,357.32 could invalidate the bearish outlook, potentially targeting R2 at $67,373.58. However, given the current indicators, maintaining a cautious approach with tight stop losses near resistance levels would be prudent. Entering trades on pullbacks to significant resistance levels or breakdowns below support levels with confirmatory signals from RSI and MACD could optimize entry points. Monitoring the RSI for signs of divergence or an approach towards oversold conditions could provide additional clues about potential reversals or slowing momentum.
by MarsSignals
BITCOIN - Price can break support level and fall to $58000Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from resistance level, which coincided with resistance area, and fell to $60300 level. After this, BTC started to rise inside wedge, where in a short time rose to resistance line from support line. But then price turned around and made downward impulse from resistance line to support line of wedge and even fell lower. BTC exited from this pattern and declined to $56550 points, breaking $60300 level, after which started to grow. Also, price rose inside pennant, in which BTC broke $60300 level again and later reached resistance line. Recently price fell to support line, but now I think Bitcoin can exit from pennant, break support level and fall to $58000 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
Bitcoin can decline to support line of downward channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to range, where it firstly declined to the current resistance level, which coincided with the support area and at once started to grow. In a short time price reached the 71000 resistance level, which coincided with the seller zone and tried to break. BTC failed and made a correction movement, after which in a short time rose back and finally broke the 71000 level, but can't fixed and soon declined back to the current resistance level, breaking the 71000 level one more time. Soon, BTC exited from range and then entered to downward channel, where it first rose to the resistance line, but later declined back to the support line of the channel, breaking the 62000 level. Then price made an impulse from the support line to the resistance line of the channel, after which rolled down to the support area, where now continues to trades near the current resistance level. I think that Bitcoin can continue to decline to support line of the downward channel, therefore I set my target at 55000 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
BTCUSDT.4HThe 4-hour chart for BTC/USDT provides an excellent perspective on the current market dynamics, highlighting potential trade setups based on technical analysis. Key Resistance and Support Levels: Resistance 1 (R1): $6,729.71 - This is the immediate resistance level which the price needs to breach to confirm further bullish sentiment. Resistance 2 (R2): $7,384.73 - A more substantial resistance level which, if surpassed, could signal a stronger upward trend. Support 1 (S1): $5,906.59 - Acting as the primary support, this level needs to hold to prevent further bearish momentum. Support 2 (S2): $5,608.28 - If S1 is breached, S2 could serve as the next critical line of defense against a deeper retracement. Technical Indicators: Relative Strength Index (RSI): The RSI is currently at 41.28, suggesting that there is potential for upside as it is below the neutral 50 mark but not yet oversold. Moving Average Convergence Divergence (MACD): The MACD is below the signal line, which typically indicates bearish momentum. However, the histogram shows that negative momentum is waning, suggesting that a reversal or consolidation might be near. Trend Analysis: The price is showing a descending pattern, characterized by lower highs, which is evident from the descending trend line. This suggests an overarching bearish pressure. However, the recent formation might suggest a consolidation phase or potential reversal if the price can break the descending trend line and hold above. Conclusion: Considering the technical outlook on the BTC/USDT 4-hour chart, the market is at a pivotal point. Traders should watch for a potential reversal if the price can sustain a breakout above the descending trend line. A successful break above R1 at $6,729.71 could validate a bullish bias, potentially targeting R2 at $7,384.73. However, given the current bearish setup indicated by the MACD, it's essential to remain cautious. If the price fails to break above the descending trend line and falls below S1 at $5,906.59, it might accelerate losses towards S2 at $5,608.28. Traders should consider using tight stop-loss orders to manage risks and possibly wait for a clearer signal, such as the RSI moving above 50 or the MACD crossing above the signal line, before taking more definitive positions.
by MarsSignals
BITCOIN - Price can break resistance level and continue to growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it at once reached resistance level, and then continued to fall. Later BTC rose to $64600 level again, after which made downward impulse, exiting from falling channel and breaking $59200 level. Then price some time traded below $59200 level and soon reached and broke it, after which made retest. After this movement, BTC continued to move up inside rising channel, where it made fake breakout of $64600 level. Then price fell to support line of channel, but a not long time ago bounced and now continues to grow. In my mind, Bitcoin can fall to support line of channel and then bounce up to $66100 points, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
BTCUSDT.4HAnalyzing the 4-hour chart for BTC/USDT, I'll examine several key technical components to guide my current investment decisions. Key Resistance and Support Levels: Resistance 1 (R1): $67,296.71 - This level signifies a recent peak where the price faced significant resistance. Resistance 2 (R2): $73,864.73 - A higher peak that represents a tougher psychological and technical barrier. Support 1 (S2): $59,065.59 - A key support level that the price has tested recently. Support 2 (S3): $56,083.28 - The next significant support level, reflecting a possible fallback point if S2 breaks. Technical Indicators: Relative Strength Index (RSI): At 54.32, the RSI indicates neither overbought nor oversold conditions, suggesting that there is room for movement in either direction without immediate pressure from traders looking to take profits or cut losses. Moving Average Convergence Divergence (MACD): The MACD line is below the signal line with a histogram value in the negative territory, suggesting bearish momentum. It's essential to watch for any crossover above the signal line as it may indicate a shift to bullish momentum. Trend and Pattern Analysis: Descending Trend Line: The price has broken below this key trend line, indicating a potential reversal in the previously bullish sentiment. The validity of this breakout should be monitored closely for confirmation of a trend change. Price Action: There have been lower highs and lower lows recently, suggesting a short-term downtrend. However, the price stabilization near the current levels could mean a consolidation phase before the next significant move. Candlestick Patterns: Recent candlestick patterns indicate a struggle between buyers and sellers, with no clear dominance yet. The absence of significant bullish or bearish engulfing patterns near current levels suggests indecision. Conclusion: Given the current market setup on the BTC/USDT 4-hour chart, caution is advised. The break below the descending trend line might suggest bearish momentum, but the lack of strong selling pressure and the RSI's neutral position could imply potential consolidation or a reversal if new bullish signals emerge. Investors should consider setting stop losses below $56,083.28 to manage risk effectively. A watchful eye on the RSI and MACD for signs of a crossover or return to bullish territory could be crucial in the short to medium term. My strategy would involve a cautious approach, possibly waiting for more definitive signals before taking significant positions.
by MarsSignals
HelenP. I Bitcoin can make retest and continue to move upHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, we can see how the price reached the resistance level and at once rebounded down, but soon turned around and rose back to the resistance level, which coincided with the resistance zone. Then BTC some time traded near this level and later made a correction movement, after which turned around and rose to the trend line and then started to decline. In a short time, the price fell to the support level, which coincided with the support zone, thereby breaking the 70800 level again. After this movement, BTC turned around from the 60000 level and rebounded up to the trend line, and when it reached this line, the price at once rebounded and fell lower than the support level, breaking it. But recently Bitcoin turned around and made a strong impulse up, breaking the 60000 level and soon the trend line too, so, now BTC continues to grow. For this case, I expect that Bitcoin will make a retest of the trend line and then continue to move up, therefore I set my target at 69000 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
Bitcoin can break support line and continue fall to 61000 pointsHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago started to trades inside the downward channel, where it rebounded from the resistance level, which coincided with the seller zone and rose to the channel's resistance line. After this movement, BTC turned around and quickly declined to support line of the channel, breaking the 64500 resistance level, but soon backed up to the seller zone. Later, the price finally broke the 64500 level and some time traded below, after which BTC rose to this level, which coincided with the resistance line of the channel, and rebounded down to the 59200 support level, which coincided with the support area. Also, Bitcoin left the downward channel and soon broke the 59200 level too. After this, the price turned around and made impulse up to the resistance level, breaking the 59200 level one more time and when BTC reached the 64500 level, it rolled down to the support line. Now, I think Bitcoin can reach the resistance level again and then rebound down lower than the support line, breaking it. For this case, I set my target at 61000 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
BTCUSDT.1DThe daily chart for Bitcoin (BTC/USDT) illustrates a continued downtrend with the formation of a descending triangle pattern, which is typically considered bearish. Bitcoin's current price is $63,034.98, and it has recently tested a significant support level (S1) at $59,065.59 without breaking below. Another key support level (S2) lies further below at $56,083.28. On the resistance side, the first significant level (R1) to watch is at $67,154.38. A break above this could signal a potential shift in the market sentiment from bearish to bullish, targeting higher resistance levels such as $74,007.06 (R2). The RSI stands at 47.63, indicating a neutral market sentiment but edging closer to bearish territory. The MACD is below the signal line, which supports the bearish momentum observed in the price action. For traders, the key strategy would involve watching how Bitcoin interacts with these pivotal levels: A rebound from S1 could offer a short-term buying opportunity, aiming for a retest of R1. A break below S1 could see a continuation of the bearish trend towards S2, offering a potential short position setup. A breakout above R1 might invalidate the bearish outlook and provide a bullish signal, with R2 as the next target. As always, traders should wait for confirmation of these movements through additional indicators and market volume to substantiate the trend changes or continuations.
by MarsSignals
1
BITCOIN - Price can bounce down from resistance area to $55500Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price started to trades in flat, where it broke $70300 resistance level and fell to bottom part of flat. Then price turned around and rose to resistance line of wedge, exiting from flat, and soon BTC broke $70300 level again. After this, price in a short time declined to support line of wedge, which coincided with $60500 level. But BTC at once bounced up to resistance line of wedge, after which it made downward impulse to support line of wege. Price broke $60500 level, but not long ago, BTC rose to this level and now trades very close. Possibly, Bitcoin can rise a little higher than resistance level and then bounce down to $55500 support line of wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
HelenP. I Bitcoin can continue to decline to trend line in wedgeHi folks today I'm prepared for you Bitcoin analytics. A few moments ago price rebounded from the trend line and rose higher than resistance 2, which coincided with the resistance zone, thereby breaking this level. After this, BTC started to trades inside the resistance zone, but later it made an impulse down to almost trend line, after which at once turned around and rose back to the resistance area and even higher. Later Bitcoin turned around and in a short time declined to one more resistance zone, thereby breaking resistance 2 again. Also, the price formed a wedge pattern, where it declined to resistance 1 and then rebounded up to the resistance line of this pattern. After this movement, BTC in a short time declined to resistance 1, broke it, and continued to fall. Just now, the price trying to grow, but I expect that Bitcoin can reach a resistance level and then rebound down to the trend line, which is the support line of the wedge. For this case, I set my target at 54200 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
Bitcoin can turn around and start to grow to resistance levelHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a not long time ago rebounded from the current resistance level, which coincided with the resistance area and tried to rise, but failed and fell back, after which at once repeated movement up and reached the 65400 resistance level. Then price made a little correction and started to decline inside the downward channel also, where later BTC rebounded from the support line and in a short time rose to the resistance line, breaking the 65400 level, which coincided with the seller zone. Price some time traded near the resistance line of the channel and later turned around and declined lower than the 65400 resistance level, breaking it one more time. After this, the price continued to decline in the channel to the current resistance level, and when BTC reached this level, the price recently broke it, thereby exiting from the downward channel too. Soon, the price declined lower than the resistance area to 56800 and now continues to decline. In my opinion, Bitcoin can make a little correction move and then start to grow to the 60800 current resistance level, which is my target also. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
BTCUSDT.1DThe daily chart for Bitcoin (BTC/USDT) illustrates a downward trend with a descending trendline that marks the resistance level (R1). Currently, Bitcoin is priced at $60,082.01, with a significant support level (S1) at $63,097.93, which it has recently broken through. The next support levels are at $59,065.59 (S2) and $56,226.29 (S3). The resistance marked by the descending trendline and the resistance level (R2) at $74,007.06 highlight areas where sellers have previously entered the market, capping upward price movements. The price failing to maintain above S1 suggests that the bearish momentum may continue. The RSI is at 36.25, which is close to being oversold, indicating that the market could potentially see a reversal or at least a temporary halt in the downward momentum if buyers step in. The MACD is below zero and shows a continuation of the bearish momentum as the histogram bars are expanding in the negative territory. For traders, monitoring the price action near the next support levels (S2 and S3) could be critical. A rebound from these levels could provide long entry opportunities, ideally with confirmation from bullish divergence in the RSI or a bullish crossover in the MACD. If the price continues to decline through these supports, it could indicate a stronger bearish trend with lower targets in view. Conversely, a break above the trendline and R1 could signal a potential reversal to bullish conditions, targeting higher resistance levels.
by MarsSignals
BITCOIN - Price can break support level inside falling channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago, price declined from resistance line to support line, breaking $61300 level, which coincided with support area. But soon, BTC turned around and made upward impulse to $65200 resistance level, making a fake breakout. Later price in a short time broke resistance level, which coincided with resistance area and rose to resistance line. Then price turned around and started to decline in falling channel, where BTC broke $65200 level with support line. At the moment, price continues to decline inside channel and I think Bitcoin can make a little movement up. After this, BTC can bounce from resistance line and fall to $59850 support line, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2