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Btc-usdt

Bitcoin can rebound up from support line of pennant to 65K pointHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago entered to range, where it at once reached a resistance level, which coincided with the seller zone and then rebounded down to the bottom part of range. After this movement, the price in a short time rose until to top part of the range, but soon turned around and started to decline inside the downward pennant. Later BTC quickly declined until to support level, which coincided with the buyer zone, thereby breaking the 68500 level and also exiting from range. Soon, the price broke the 57500 level too and dropped to the support line of the pennant, after which at once made a strong impulse up. After this movement, BTC broke the support level one more time and some time traded near this level. Next, it reached the resistance line of the pennant pattern, but not a long time ago fell back. At the moment, it trades near the support line of the pennant and I think that the price can make a small movement up first and then correct to the support line again. Next, Bitcoin will rebound up from this line, exit from the pennant, and continue to grow, therefore I set my TP at 65000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
#BTC/USDT#BTC #BITCION The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well The current price is $59,102. It is expected to fall to touch the lower limit of the channel at $57,700, which is the entry price There is a strong support point at this level, green Targeting the upper limit of the channel at $60,000 This boot supports the lower limit as we are still below the moving average 100 But what supports the rise after touching the lower limit is the presence of an upward trend on the RSI
Long
by CryptoAnalystSignal
4
Bitcoin can drop to support level, exiting from pennantHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago rose in an upward channel, where it reached the support level, which coincided with the buyer zone and soon broke this level. Then BTC made a retest and at once rebounded up until to resistance line of the channel, which coincided with the resistance level with the seller zone. After this movement, the price made a little correction, after which broke the 65600 level, and some time traded near, and even made a fake breakout. Next, the price rose to 70000 points and started to decline inside the downward pennant, where it soon broke the resistance level, thereby exiting from the upward channel also. After this, BTC dropped until to support line of the pennant, breaking the 57100 level, but at once turned around and in a short time rose higher this level, breaking it one more time and reaching the resistance line of the pennant pattern. At the moment, the price trades near this line and I think Bitcoin can make movement up, thereby exiting from the pennant and then will fall to the 57100 support level, therefore I set my TP for this level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
BTCUSDT.4HToday, I’m examining the 4-hour chart of Bitcoin (BTC) against USDT on the Binance exchange. BTC is currently trading around $60,155.49, showing a marginal increase of $28.20 in the recent 4-hour period. Key Resistance and Support Levels: The chart illustrates a significant resistance at R1 ($69,107.72), a level that has not been breached recently, suggesting strong selling pressure beyond this point. On the downside, the main support level (S2) is positioned at $49,811.70. There is also an intermediate support level (S1) marked, which could provide temporary relief or halt further declines if tested. Technical Indicators Analysis: • MACD: The MACD line is close to the signal line but remains below it, indicating slight bearish momentum. However, the histogram is almost flat, suggesting a lack of strong momentum in either direction. • RSI: The Relative Strength Index is at 57.57, which is near the neutral 50 mark. This suggests a balance between buying and selling pressures, with a slight tilt towards buying interest. Analysis: BTC’s current position near the middle of its recent range suggests a consolidation phase. The proximity to significant support and resistance levels, coupled with neutral indicators, implies uncertainty in the immediate direction. The market could be waiting for more decisive signals or external factors before making a significant move. Conclusion and Trading Strategy: Given the current setup, my strategy would be one of caution and readiness to act on clear signals. The approach would involve monitoring BTC closely for any significant changes in volume or sentiment that might push it towards testing the resistance at R1 or falling back to the support at S2. A breakout above R1 could signal a bullish trend continuation, potentially making a good buying opportunity, while a drop below S2 might suggest entering a short position or selling existing holdings. Setting stop-loss orders just below S1 and above R1 would be a prudent way to manage risks associated with unexpected market moves.
Long
by MarsSignals
1
HelenP. I Bitcoin can fall lower than trend line, breaking itHi folks today I'm prepared for you Bitcoin analytics. Some time ago price reached a resistance level, which coincided with the resistance zone, and even broke this level and entered to resistance area. Then BTC some time traded near the 63900 level and then made upward movement, after which at once corrected back to the 63900 level. Next, the price repeated movement up to 70000 points, after which turned around and dropped lower than the 63900 level, breaking it. Then the price continued to decline and quickly fell to the support level, which coincided with the support zone and soon broke the 55000 level and fell to the trend line. After this movement, BTC turned around and started to grow near this line and later broke the 55000 level one more time, after which made a retest and continued to rise. A not long time ago BTC rose to 62800 points but recently started to decline, so, for this case, I expect that BTCUSDT will make movement up to almost the resistance level. Then it turns around and falls lower than the trend line, breaking it. That's why I set my goal at 57000 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
11
BTCUSDT.1DIn my latest technical analysis of the Bitcoin (BTC/USDT) daily chart, I've identified several significant technical indicators and price levels that are crucial for understanding the potential future movements of Bitcoin. Notably, the Moving Average Convergence Divergence (MACD) shows a significant bearish divergence, as indicated by the substantial gap between the MACD line and the signal line. This suggests strong bearish momentum, which could mean further declines unless there's a positive crossover in the near future. The Relative Strength Index (RSI) at 31.47 is hovering near the oversold territory, indicating that the selling pressure might be nearing its peak. An RSI below 30 typically suggests that the asset is oversold, which could potentially lead to a price rebound if buyers step back in. Looking at the price action, Bitcoin has recently tested the support level at $49,565.4 (S1). This is a critical point; if it holds, it may serve as a springboard for a potential recovery towards resistance levels at $60,428.64 (R1) and possibly extending to $73,001.98 (R3) if a bullish trend resumes. The chart also depicts a scenario where Bitcoin might bounce between these levels, indicated by the green and red arrows representing potential bullish and bearish movements respectively. However, it's crucial to consider that a break below the support at $49,565.4 could lead to a further drop towards the next significant support level at $38,706.45 (S2). Such a movement would likely confirm the continuation of the bearish trend, necessitating a cautious approach for traders. In conclusion, Bitcoin's market is currently at a pivotal juncture. My strategy would involve closely monitoring the $49,565.4 support level. A confirmed bounce from this level could provide a buying opportunity, targeting the first resistance at $60,428.64. However, a break below this support would be a bearish signal, suggesting potential exits or short positions towards the lower support at $38,706.45. Traders should remain vigilant and responsive to price actions and key technical indicator signals.
by MarsSignals
Bitcoin can continue to decline inside downward channel to $58KHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price entered to the range, where it soon reached the 68300 resistance level, which coincided with the seller zone with the top part of the range and then started to decline. In a short time, the price fell to the bottom part of the range, which coincided with the current resistance level, and at once turned around and quickly rose to the 68300 level. Then BTC exited from range and even rose a little higher than the 68300 level, but soon made a correction below, after which in a short time rose back. Next, the price turned around and started to decline inside the downward channel, where firstly it broke the 68300 level and later declined to the 64000 level. Soon, BTC broke this level too and fell to the support line of the channel, but a not long time ago it rebounded and started to grow. So, in my opinion, BTC can make a small movement up and then continue to decline inside the downward channel. For this case, I set my TP at 58000 points, which coincides with the support line of the channel. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
8
BTCUSDT - Price can bounce up from support areaHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price reached resistance line, which coincided with resistance level, and at once bounced down. Price fell to support area and then started to grow near support line, after which BTC rose back to $63800 level. Next, price broke this level, entered to flat, where it later reached top part and then made correction. After this, BTC rose to resistance line, after which turned around and made a strong downward impulse. Bitcoin exited from flat and broke support line, breaking $63800 level, and recently made a fake breakout of $54700 level. At the moment, I think price can bounce up from support area to $60000 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
HelenP. I Bitcoin can decline a little more and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some time ago price declined to resistance 1, which coincided with the resistance zone, and at once rebounded up to resistance 2. After this movement, it broke resistance 2, which coincided with one more resistance zone, and started to trades inside consolidation. In range, the price some time traded near resistance 2 and then in a short time rose to the top part of a consolidation, where later BTC reached the trend line and turned around. Then price started to decline between the trend line and firstly it fell lower resistance 2, thereby breaking this level and exiting from consolidation also. Next, BTC quickly declined to resistance 1, and broke it recently, after which continued to fall to 49K points. But a not long time ago it turned around and rose a little, so, for my mind, BTCUSDT will decline to 49K points again and then rebound up higher than the trend line. For this case, I set my goal at 55K points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
8
HelenP. I Bitcoin can break support level and continue to fallHi folks today I'm prepared for you BTCUSDT analytics. Some time ago price reached a resistance level, which coincided with the resistance zone, but at once turned around and dropped to the support level. After this movement, BTC some time traded near this level, which coincided with the support zone, and then started to grow to 68200 level. When the price reached this level, it broke it and even rose a little higher than the resistance zone, but soon turned around and made a correction movement below this level. Next, Bitcoin rose until to the trend line, after which started to decline inside the downward channel, where it in a short time declined to the 64200 support level, and even lower to the support line, breaking this level. But a not long time ago price turned around and come back to the trend line, which is the resistance line of the channel also. Now price trades very close to the support level, so, for this case, I expect that BTCUSDT will reach the trend line again and then rebound down, breaking the support level. That's why I set my goal at 61400 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
HelenP. I Bitcoin will continue to move up inside upward channelHi folks today I'm prepared for you BTCUSDT analytics. If we look at the chart we can see how the price a few moments ago reached support 1, which coincided with support zone and at once rebounded and quickly dropped to support 2. Then the price broke this level and fell to the trend line, after which turned around and started to grow inside the upward channel. Soon, BTC broke support 2, which coincided with one more support zone, and rose until to the resistance line of the channel. After this, the price made a small correction movement and then broke support 1, but some time later it turned around and dropped to the trend line, which is the channel's support line. Then price rebounded and rose higher than support 1, breaking it again and at the moment, the price continues to grow in an upward channel. For my mind, BITCOIN will little correct and then continue to move up, therefore I set my goal at 73850 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
9
Bitcoin can break resistance level and then continue to growHello 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 entered to upward channel, where it soon broke the 64400 support level, which coincided with the support area. After this movement, BTC rose a little more and then made a correction to the support area, where later made a strong impulse up until to resistance level. When the price reached the 68200 level, which coincided with the seller zone, it at once turned around and in a short time declined to support line of the channel. Then price exited from the channel and fell to the support area, where it turned around and started to grow near the support line. Soon, the price rose to the resistance level again, but this time it broke this level and even rose a little higher than the seller zone, but a few moments ago BTC turned around and dropped to the support line, breaking the 68200 level one more time. Now, the price continues to trades near this line, so, in my opinion, BTC can make a small movement down, lower than the support line, and then bounce up to the resistance level and break it. After this, the price will make retest inside the seller zone and then continue to grow. For this reason, my 1st TP is resistance level, 2nd TP - is 70400 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
BTCUSDT.1DReviewing the BTC/USDT daily chart, I've identified key technical elements that provide insights into Bitcoin's current market dynamics and potential future movements. Current Situation: BTC/USDT is currently trading at approximately $68,775.98, reflecting a rise of about 1.28% for the day. The price action over recent months shows a somewhat volatile trend with a pattern of higher lows, suggesting an underlying bullish sentiment. Technical Analysis: Support and Resistance Levels: S1 (Support 1): Positioned at $62,733.44, this level has served as both support and resistance throughout 2024, indicating its significance. Holding above this level is crucial for maintaining the current bullish momentum. S2 (Support 2): At $57,013.57, this level represents a stronger psychological and technical support, marking a previous consolidation zone. R1 (Resistance 1): The immediate resistance is at $77,193.65. This level needs to be breached to confirm continuation of the upward trend towards historical highs. R3 (Resistance 3): At $83,778.60, approaching this level would likely require a significant bullish catalyst, such as positive regulatory news or macroeconomic factors favoring cryptocurrencies. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line and appears to be maintaining a bullish trajectory, although the histogram shows some decrease in momentum. This could suggest a potential consolidation or slight pullback before further upward movement. Relative Strength Index (RSI): The RSI at 61.12 suggests that Bitcoin is neither overbought nor oversold, operating within a healthy range. There's room for upward movement without immediate concerns of being overbought. Conclusion: As of now, the bullish signals dominate the chart with both MACD and RSI indicating positive momentum, albeit with a caution of potential consolidation due to the histogram's behavior. My strategy would involve closely watching the $62,733.44 support level. A hold above this level can be seen as a confirmation of continued bullish sentiment, potentially aiming for the $77,193.65 resistance. Conversely, a break below could signal a shift in market dynamics, necessitating a reassessment of the bullish outlook. For traders and investors, it's advisable to place stop losses just below key support levels to protect against unexpected downturns. Additionally, keeping an eye on global economic indicators and crypto-specific news will be crucial in navigating the volatility inherent in Bitcoin's market.
by MarsSignals
Bitcoin can rebound up from support line of channel to 70500Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price reached the support area, which coincided with the current support level, and then turned around and dropped to the 56700 support level. Later, BTC broke this level and even fell lower than the buyer zone, but soon turned around and started to grow inside the upward channel, where it reached the 56700 level and broke it again. Next, the price continued to grow to the resistance line of the upward channel and then the price exited from this channel. But BTC continued to move up inside another one upward channel, where it soon reached 63200 current support level and broke it too. After this movement, the price rose until the channel's resistance line, but not long ago it turned around and made a correction movement to the support line. At the moment, BTC continues to grow near this line and I think that the price can rebound from the support line to the resistance line of the upward channel. For this case, I set my TP at 70500 points, which coincided with the resistance line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
BITCOIN - Price can make correction and then continue to move upHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to wedge, where it at once bounced from resistance line to support line. Soon, BTC turned around and in a short time rose higher than $57000 level, breaking it and then making retest of this level. Next, price continued to move up and later reached $65600 level, which coincided with support area. Bitcoin first made a small correction movement, and then broke this level and rose to resistance line of wedge. After this movement, price made a correction to support line, but not a long time ago backed up. Now, I think price can make correction to support area and then continue to grow to $69900 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
6
HelenP. I Bitcoin can start to rise and break trend lineHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price rose to support 1, which coincided with the support zone, and then rebounded and fell to support 2. Soon, BTC broke this level too and fell even lower than the support zone, but later price backed up and some time traded near support 2. Next, BTC declined to the trend line, after which it turned around and started to grow. In a short time, the price rose higher than support 2, but then made a correction to this level, after which continued to grow. Then Bitcoin reached support 1, and broke it, after which started to trades inside consolidation, where it firstly made a correction to the support level and then rebounded up to the top part of the range. After this, the price some time traded near the top part and a not long time ago dropped to a support level, breaking the trend line. Just now, BTC continues to trades near the support level, so, I expect that BTCUSDT will fall to the support zone and then rebound up, higher than the trend line, breaking it and continuing to move up. For this case, I set my goal at 67000 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
BITCOIN - Price can start to decline inside rising channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it bounced up from support line and rose to resistance line. Then price bounced from this line and fell lower than $56700 level, breaking it and exiting from falling channel. After this movement, BTC turned around and started to grow inside rising channel, where soon it broke $56700 level again. Later price made retest and continued to grow to next level, which coincided with one more support area. When BTC reached this level, it broke it and rose to resistance line of channel, where continues to trades near. Now, I think price can start to decline from resistance line to $63800 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
7
+USDT = +$BTC. target [85k; 90k]dear fellows, it is our belief that USDT marketcap drives BTC price. the recent issuing reached a new ATH for USDT. it is not as yet reflected on the price, because the current trading range was a response to less steepened issuing and current rate is higher. thus, we believe that not just the top is going to be tested, but a breakout comes next. if so, we expect after a retracement, a move reaching somewhere between 85k to 90k. that corresponds to the midline of an upward parallel channel anchored in the bottoms of '18 and '22, and capped by the pick in '21. this same midline was tested before in '19 and early '21. best regards, fernando a. bender
Long
by greenfield_br
HelenP. I Bitcoin will break support level and continue to fallHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price rebounded from the resistance zone and dropped to support 2, breaking support 1. After this movement, BTC at once bounced from support 2 and tried to grow, but failed and dropped lower than support 2, after which reached the trend line. Then the price rebounded from the trend line and quickly rose to support 2 and broke it one more time. After this, the price made a small correction and then made a strong impulse up to support 1, but when it reached this level it at once fell a little below. Soon, Bitcoin turned around and in a short time broke support 1 and even rose a little higher than the resistance zone. But now, price trades in this area, so, for my mind, BTCUSDT will break the support level and then continue to decline to the trend line. For this reason, I set my goal at 63200 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
5
Bitcoin can reach 68K points and then start to declineHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago rebounded down and then started to grow inside the upward channel, where it soon reached the resistance line, but at once made a correction to the support line. After this movement, the price rebounded from the support line and quickly broke the 56900 level one more time, which coincided with the buyer zone and some time traded near this level. Later Bitcoin fell to the support level and at once bounced and continued to grow to the resistance line of the channel, which their moment coincided with the current support level. Price exited from the channel and made a fake breakout of the 63900 level, after which started to trades inside the wedge, where it rebounded from the support line and rose to the resistance line, breaking the 63900 level again. After this movement, BTC corrected to the support area, where it reached the support line of the wedge and made an impulse up, exiting from this pattern. Recently, the price reached 67000 points, and now trades a little below, so, I think the price can rise to 68000 points and then start to decline to the support level. For this case, I set my TP at 63900 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
BITCOIN - Price can make small correction and then continue growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price traded inside flat, where it bounced twice from support area, and on a second try it started to grow. Price exited from flat and continued to grow in rising channel, where firstly it reached resistance line. Then BTC made a correction to support line, after which bounced and in a short time rose to $64100 level. Bitcoin at once bounced from this level and fell a little, but soon turned around and finally broke it. After this, price rose to resistance line and not long time ago made a correction to support level. Possibly, price can decline even lower than support level and then bounce up to $68000 resistance line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3