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BTC 1H BTC/USDT Analysis: Hourly Timeframe 📊 This chart highlights potential buying and selling opportunities based on forecasted movement of Bitcoin (BTC) on an hourly timeframe. Let’s analyze the key moments indicated by the green (Buy) and red (Sell) forecast lines. 🟢 September 5, 2024, 06:00 AM - Buy Date (Green Line): This is a potential local low, indicating that it may be a favorable time to start accumulating long positions in BTC as the price is expected to drop leading up to this point. 🟥 September 6, 2024, 07:00 PM - Sell Date (Red Line): This date represents a local peak, suggesting an optimal moment to take profits or tighten stop-losses, as a price correction is likely to follow. 🟢 September 7, 2024, 06:00 PM - Buy Date (Green Line): Another opportunity for long positions as a local bottom is anticipated around this time, potentially providing favorable entry conditions for buying Bitcoin. 🕒 Note: All times are based on Los Angeles time (UTC -7). A margin of error of 1-2 candles may exist depending on the timeframe. Always cross-check this analysis with higher timeframes for a more comprehensive view.
by trushkovskiy
BTC/USDT 1DAY CHART UPDATE !!Overall, a Short update of the analysis implies a cautiously optimistic outlook with a focus on the $52,408 support level as a crucial point. If Bitcoin can maintain above this level, a bounce towards higher levels within the descending channel is anticipated, with a potential test of the upper resistance line around $70,000. However, if this support fails, further downside pressure could ensue. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you.
by CryptoSanders9563
BTC Potential 1.5 R Trade1. Market Structure: - MSS (Market Structure Shift): The chart indicates a shift in market structure (MSS) at the marked point. This typically indicates a potential change in the market's direction, possibly from bearish to bullish or vice versa. 2. Liquidity Zones: - Liquidity: There is a horizontal line labeled "Liquidity" at a higher price level. This suggests that the trader is eyeing a potential price movement towards this area where liquidity might be resting, which could be targeted by large market players. - Ext. Liquidity (External Liquidity): The area at the bottom (marked as "Ext. Liquidity") could represent an area of interest where sell-side liquidity might be present. This is possibly a support zone where the price may reverse after liquidity is taken. 3. Entry Zone: - The chart highlights a gray shaded area (just above the external liquidity) as an "Entry" zone. This is where the trader plans to enter a long position, expecting the price to rise from this support level. 4. Target Zone: - Take Profit (TP) Level: The target zone is marked with a blue rectangle, stretching to the liquidity level. This area indicates where the trader expects to exit the trade, anticipating that the price will reach this higher level of liquidity. 5. Risk-Reward Consideration: - The trade setup suggests a favorable risk-to-reward ratio, as the entry is near a support level with the expectation of a significant price movement toward the upper liquidity area. 6. Time Frame and Context: - The 4-hour time frame suggests this is a medium-term trade, potentially taking a few days to play out. The context of the larger downtrend (visible on the left side of the chart) implies that the trader might be looking for a corrective move upward or a reversal after a significant downtrend.
Long
by SerenityEquity
BTC/USDT 1DAY CHART ANALIYSIS !!structure has been intact for some time, showing consistent lower highs and lower lows. The horizontal support line at approximately $52,408 is a key level to watch. It has previously acted as a significant support zone, suggesting that any retest of this level could provide a strong base for a potential upward movement. The chart features a prominent arrow suggesting a bullish reversal from near the lower support line and $52,408. This implies an expectation that the price will find support here and begin an upward move toward the upper boundary of the descending channel. The upper trendline of the channel around $68,000 serves as the primary resistance level. A breakout above this level would indicate a significant shift in market sentiment, potentially leading to a larger bullish move. The broader trend within the channel remains bearish until a breakout occurs. However, the emphasis on the support level and projected upward movement indicate a cautious bullish outlook in the short term, pending confirmation of a reversal signal. The chart suggests that BTC is nearing a critical support zone of around $52,408, where a potential long opportunity could arise if the price action confirms a bounce. The key to a sustained bullish trend will be breaking above the descending channel’s resistance line, currently near $68,000. If this occurs, it would likely trigger a more pronounced upward trend. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you.
Long
by CryptoSanders9563
BTC/USDT 2HOUR CHART UPDATE !!BTC/USDT is currently trading at $57,661, up 0.41%. The 2-hour chart shows that BTC trades within a descending channel, with immediate support near $57,300. The price has bounced off the lower boundary, indicating potential for a short-term upward move. Immediate resistance lies around $59,700, where the upper boundary of the descending channel intersects. A breakout above this level could drive BTC towards the $61,000 zone. Conversely, a failure to maintain current support could lead to a further decline towards $56,500. Watch for volume spikes as an indicator of potential breakout strength. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you!
by CryptoSanders9563
BTC / BITCOIN🔍 BTC/USDT Analysis: 4-Hour Timeframe 📉 The BTC/USDT chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. These signals should be analyzed in conjunction with higher timeframes for a comprehensive market view. • August 31, 2024, 21:00, September 7, 2024, 17:00 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn. • September 3, 2024, 13:00, September 15, 2024, 01:00 - Green Lines: These times indicate potential local lows, offering favorable conditions for accumulating BTC or entering long positions. When working with this 4-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Long
by trushkovskiy
BTC FINISHING its 2024 BULL RUN / 2025 CRASH🔍 BTC/USDT Analysis: Weekly Timeframe 📉 The BTC/USDT chart on a weekly timeframe highlights significant upcoming dates where price movements may present trading opportunities. These should be analyzed in conjunction with higher timeframes for a comprehensive market view. • September 2, 2024 - Green Line: This date marks a potential local low, providing favorable conditions for accumulating BTC or entering long positions. • January 13, 2025 - Red Line: This date signals a potential local peak. Traders might consider this as a moment to take profits or reduce exposure, as the price could encounter resistance or a downturn. When working with this weekly timeframe, remember to evaluate these movements within the context of the broader market trend, considering even higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few days. All times are based on UTC-7 (Los Angeles). WAITING FOR A BIG CRASH
Long
by trushkovskiy
17
BTC/USDT 1DAY CHART UPDATE !!BTC/USDT is currently trading at $59,599, up by 0.31%. The price is showing some resilience after dipping close to the $58,000 support zone. The Bollinger Bands indicate that BTC is attempting to push higher, with immediate resistance around $60,383. If BTC breaks above this level, it may target the upper trendline at nearly $70,000. However, if bearish pressure resumes, watch for support around $56,497 and the crucial $52,408 level. A successful hold above $59,000 could signal the beginning of a bullish reversal. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you!
Long
by CryptoSanders9563
BTC Short Term Swing Short into Bullmarket Long. (56k)In this video, I break down a strategic short-term swing trade that could be catalyzed by the upcoming speech from Federal Reserve Chair Jerome Powell. Such events are known to introduce significant market volatility, offering a prime setup for a potential trade. We'll analyze key levels that could signal a strong entry point, with a particular focus on a long trade that may pave the way for a broader bullish trend. This analysis aims to position us ahead of market movements, enabling us to capitalize on any emerging opportunities. Stay tuned as I detail how to approach this setup with precision. If you're looking to enhance your trading strategy and stay ahead of market shifts, this is a must-watch. Don't forget to follow this channel and enable notifications to stay updated on critical market insights and trading opportunities.
by SerenityEquity
2
BTC/USDT SHORT UPDATE !!BTC/USDT is trading at $61,295, showing a 1.52% increase as it attempts to break above a key resistance zone. The price is still within a descending triangle pattern, and a breakout above this resistance could signal a potential trend reversal. Key support remains at $52,408, while RSI is currently showing a slightly bullish momentum, but caution is advised as the overall trend remains uncertain. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you!
Long
by CryptoSanders9563
3
BTC/USDT 4-Hour Chart Update !!BTC/USDT is testing a crucial resistance zone around $61,400 – $62,000 within an ascending triangle pattern. A successful breakout above this level could lead to a continuation of the uptrend. However, if the price fails to break out, a return to support levels around $58,400 or $52,408 could occur. Traders should monitor volume for confirmation of any breakout. BTC/USDT 4-hour chart, focusing on key support and resistance levels, moving averages, and chart patterns. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
BTC/USDT Weekly Chart Update !!$52,408.76 remains a crucial support level aligned with historical price actions and the lower boundary of the highlighted area. Immediate resistance is around $60,000. The next major resistance lies near $62,000, which has served as a crucial level. The 50-week MA (red line) currently provides long-term support around $52,022.15. The price is currently trading below the 50-week MA, indicating bearish sentiment on a longer timeframe. BTC is currently trading within a descending channel, which indicates a bearish trend. If the price fails to move above the channel's upper boundary, the pattern suggests the possibility of further declines. The chart also shows a potential head and shoulders pattern that was completed at the beginning of the year, which has led to the current bearish trend. Volume: It is important to monitor volume for confirmation of any major move towards breaking resistance or retesting support levels. Summary: BTC is facing strong resistance around $60,000, and failure to break this level could lead to a retest of the support of $52,408.76. The descending channel and position below the 50-week MA indicate a bearish bias in the long term. Traders should keep an eye on volume spikes and price action near these key levels for further information. This update provides the latest technical information for BTC/USDT on the weekly chart, highlighting chart patterns and moving averages as well as key support and resistance levels. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
BTC/USDT 4HOUR CHART UPDATE !!BTC is showing bullish signs as it approaches a critical resistance near $60,000. A breakout above this level could push the price towards $62,000. However, a rejection might lead to a retest of the $57,400 support level. Traders should keep an eye on the next few candles for confirmation of the direction. This analysis can be updated as price action evolves or more data becomes available. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
BTC LONG SWINGTRADE TO 70k- FVG Zone (4H): Price has tapped into the Fair Value Gap (FVG) on the 4-hour timeframe, indicating a potential area of interest for buying opportunities. - Sellside Liquidity: This zone has been targeted and potentially grabbed, suggesting that price may reverse to seek buyside liquidity next. - Buyside Liquidity: The target area for the next move up is around the 70,000 USDT level, where buyside liquidity is likely resting. - Current Action: After reaching the Sellside Liquidity, there is a potential for the price to rise towards the Buyside Liquidity, making this a favorable area to consider a long position. Trade Setup: - Entry: Look for a long position entry around the current price zone or a retest of the FVG area. - Target: 70,000 USDT (Buyside Liquidity). - Stop-Loss: Below the recent low or the FVG zone for a favorable risk-to-reward setup.
Long
by SerenityEquity
4
BTC/USDT 4-Hour Chart Short Update. BTC is currently trading around 57,929 USDT after a recent dip. The price appears to be in a descending wedge pattern, which typically suggests a potential bullish reversal if broken to the upside. The chart shows BTC attempting to reclaim higher levels, and a breakout above the wedge could see BTC move toward the 62,000 USDT resistance zone. This is a critical area to watch, as it represents significant resistance that has been held previously. However, if BTC fails to break above this wedge and continues to move downward, the key support to watch is around 52,408 USDT. A breakdown below this level could trigger further bearish momentum. Overall, the market is at a pivotal point, and traders should watch for a breakout from this pattern for potential trade setups. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
BTC/USDT 4-Hour Chart Update: BTC/USDT continues to trade near the 58,409 USDT level, which is a crucial support area. The price is hovering near the bottom of a descending triangle, indicating that this support level is being tested. The green trendline and the 52,408.76 USDT support remain critical levels to watch. A breakdown below this level could lead to further downside momentum, potentially taking BTC towards lower support levels. On the resistance side, BTC is struggling to reclaim the 60,000 USDT level, and until it breaks above, the bearish trend could continue. Feel free to ask if you need further details or additional analysis! Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
Bull Flag/Broadening Triangle hints Bullish CaseThe latest chart you've shared illustrates the bullish flag and descending broadening triangle pattern within a larger uptrend. If the bullish scenario plays out, the targets can be anticipated as follows: 1. Bullish Target 1 at $85,643 : A breakout from the current flag could lead Bitcoin towards this first major resistance level. 2. Bullish Target 2 at $102,304 : If momentum continues, the next resistance would be around the psychological $100K mark. Bearish Scenario: - If Bitcoin fails to break out from the flag, there could be a retest of the lower trendline: - Bearish Target 1 at $55,567 : A drop to the 0.618 Fibonacci level. - Bearish Target 2 at $44,714 : Further decline towards the 0.382 Fibonacci level. - Bearish Target 3 at $38,000 : The lowest support in the broader descending channel. This setup reflects both potential upside and downside risks, with key levels to watch for directional confirmation. Bitcoin's current position at $60,800 shows resilience, but the next few moves will be critical for determining whether it breaks above or retraces towards the lower targets.
COINBASE:BTCUSDLong
by CryptoFallen
BTC/USDT Daily Chart UpdateBTC/USDT is trading at around 60,912 USDT, hovering close to the immediate resistance level at 62,000 USDT. This is a critical juncture for the price action. Immediate Resistance: 62,000 USDT. A successful breakout above this level could signal a bullish trend, potentially targeting higher resistance levels at 71,462.14 USDT and 73,449.96 USDT. Immediate Support: Around 58,000 USDT. A break below this level could lead to further declines towards the long-term support at 52,408.76 USDT. MACD Indicator: The MACD line is slightly above the signal line, indicating a bullish momentum. However, the histogram is relatively neutral, suggesting caution. Volume and Moving Averages: Traders should closely monitor volume spikes and moving average crossovers to confirm trend reversals or continuations. The market is at a critical point. If BTC/USDT breaks above 62,000 USDT, it could pave the way for higher targets. Conversely, failure to break this resistance could lead to a retest of lower support levels. Keep an eye on market sentiment and key indicators for potential signals. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
1
BTC/USDT 1DAY CHART UPDATE!!BTC/USDT Daily Chart Short Update BTC/USDT is trading around 58,477 USDT, slightly below the immediate support of 61,100 USDT. This area is crucial, as a sustained break below could lead to further declines towards the long-term support at 52,408.76 USDT. Immediate resistance is at 62,000 USDT, and a breakout above this level could signal a bullish trend, potentially targeting higher resistance levels at 71,462.14 USDT and 73,449.96 USDT. BTC/USDT Key Levels to Watch: Support: 58,000 USDT, 52,408.76 USDT Resistance: 62,000 USDT, 71,462.14 USDT, 73,449.96 USDT Traders should monitor volume and moving average signals to gauge market sentiment and potential reversals. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563