Btclong
$BTC DAILY ANALYSISDaily Swing is Bullish , Daily Internal Bearish
After Bullish BOS ( Break Of Structure ), we are having corrective pullback to the downside and price already has mitigated weekly demand range in August. Although a deeper mitigation to the level of $44.000 is very likely imo, we are currently bullish in recent minimal structure so if price keeps pushing and we get a daily candle closure above $64.450, I personally don't think the supply zone between 64.800-66.400 will cause a strong bearish momentum. And I will be following the price in LTF to catch any short positions in this recent daily supply zone, but longs are more probable as I don't think this supply will hold for long.
The main Supply range, 67.000 - 70.000, is where I will be looking for confirmation short setups until I see daily internal structure switch to bullish.
BTCUSDT 1D for me a long cup of coffeeBTCUSDT 1D for me a long cup of coffee
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BTCUSDT 1D for me a long cup of coffee
Right now we are in an erratic zone in BTC where anything can happen within the handle formation.
It could fall again until it touches the base of the dynamic support and rise again until it reaches the neck of the cup or resistance zone at 70k.
If 49k was the lowest part of the handle, we have to start building ascending lows and break the flag resistance. That is what we have to watch out for.
:GOAL: 120000
To see the forest as a whole, we cannot be inside the forest, because there we will only see trees :)
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I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
The BTC/USDT 1-day chart shows the following key technical pointBitcoin is currently trading within a descending channel, which indicates a continuation of the bearish trend unless there is a breakout.
There is a crucial resistance area around the $66,000 to $70,000 range. BTC may struggle to break above this level without strong bullish momentum.
The chart shows a lower trendline acting as support, which is currently located around the $50,000 level. If BTC breaks below this level, it could lead to a more significant decline.
The purple line on the chart represents a moving average that has acted as both support and resistance in the past. BTC is currently trading below this moving average, indicating a bearish sentiment.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
BTC LONG The chart right presents the pre bullmarket btc chart in 2020.
Strategy:
Potential long setup from the consolidation zone. The price action indicates a demand zone around the current levels, with a potential for reversal towards higher levels, as shown in the shaded blue area. The right-hand chart supports this bullish bias.
Entry: Around the current price levels (consolidation)
Stop-loss: Below the local support (recent swing low)
Risk management is essential, considering the current volatility and broader market correlation.
BTCUSDT 1H - This impulse could break the flag structure to the BTCUSDT 1H - This impulse could break the flag structure to the upside.
That's all there is to it. BTCUSDT has stopped falling at around 60K and is gaining a strong momentum that could finally lead it to break the resistances above it. As always, we must pay attention to the dynamic SLs for our decision making. Those of you who are already on the ship can prepare to go to the moon.
Don't forget to fasten your seatbelts and keep an eye on the dynamic SLs in case the ship turns over :)
This weekend we had a bearish EMA 50 - 100 crossing up to 60000 and now we have a BULLISH EMA 50 - 100 crossing that counteracts all the strength of the previous impulse in a support zone.
Below 60000, we would be out until it takes that level again.
All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downwards or upwards, for the orders to be executed in one direction or the other, taking the necessary deposits from your wallet.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the development process and the BETA will soon be ready for testing.
FOLLOW ME and I will keep you informed of the progress we make.
I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
BTC/USDT CHART UPDATE !Bitcoin is approaching a crucial resistance area (highlighted in red), which has historically acted as a strong barrier to upward price movement.
The chart suggests a potential bullish scenario where BTC could break the descending trendline and head toward the resistance area. If it successfully breaks this level, it could continue the uptrend.
An alternative scenario is highlighted on the chart with a red arrow, indicating the possibility of a bearish rejection from the resistance area. If Bitcoin fails to break this level, it could face a pullback towards lower support levels.
The lower green trendline represents a key support area. If the rejection occurs, BTC could retrace towards this trendline, which is around the $50,000-$52,000 range, which offers strong support. The chart shows two possible outcomes: A breakout above the resistance zone could lead to further gains. Failure to break the resistance could result in a downward move towards lower support levels. This dual approach highlights how BTC performs near the resistance zone in determining the next direction of the trend.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
BTC/USDT 50MA CHART ANALIYSIS !The BTC/USDT 1-day chart shows a crucial confluence area, with the 50-day moving average (5OMA) acting as support. Here is a detailed analysis: The resistance area is a strong horizontal resistance area marked in red between $66,000 and $72,000. This area has historically been a supply zone where sellers emerge.
Bitcoin is currently holding above the 50-day moving average (red line). This level is important because traders often use it as a key dynamic support or resistance point.
The chart has a green arrow pointing to a potential upside move. If Bitcoin can maintain support above the 50-day moving average and break the descending resistance (white trendline), it could challenge the $66,000-$68,000 area. Failing to sustain above the 50-day moving average could push the price towards the lower green trendline, around the $55,000-$58,000 area, which acts as a broad support zone.
Bitcoin is in a crucial range, with bullish potential if it breaks above the descending trendline and crosses the $66,000-$72,000 resistance zone. However, a breakdown below the 50-day moving average could trigger further declines.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
Bitcoin Trading into Weekly FVG | Bottom might be inIn this video, I break down Bitcoin’s current price action as it moves into the weekly Fair Value Gap (FVG).
This could present a strong swing trade opportunity, aiming for long-term price targets of over $100,000! 📈
🔍 What to expect:
In-depth analysis of the weekly FVG zone
Evaluation of current market structure and potential support levels
Intraday perspective to identify short-term entry and exit points
According to the BTC/USDT 1-day chart !According to the BTC/USDT 1-day chart, the strong resistance level around $67,800 is an important area to watch for the following reasons:
The $67,800 level historically serves as a significant resistance point, closely aligning with the upper boundary of the recent supply zone. Many traders and investors have likely placed sell orders or profit-taking levels around this price, increasing the chances of BTC hitting resistance when it approaches this area.
The price currently respects the descending trendline and the $67,800 level is aligned with this trendline resistance. This convergence of factors strengthens the resistance, making it an important area to monitor for potential selling pressure.
Based on recent price action, trading volumes usually decrease when BTC reaches higher resistance levels, but strong volume rejection around $67,800 could trigger bearish momentum. On the other hand, a breakout above this level with strong volumes could signal a significant bullish momentum.
As BTC approaches the $70,000 mark, levels like $67,800 become psychologically important, where traders may turn cautious, and large sell orders may accumulate, acting as a barrier.
If BTC breaks above $67,800 decisively with strong volumes and momentum, it could signal a trend reversal and a potential move toward the $72,000 – $75,000 range.
Rejection at this level and other bearish signals (such as overbought conditions or trendline resistance) could lead to a retreat to lower support levels around $60,000 or $55,000.
Do you want me to adjust the analysis or add more details on a specific aspect?
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
BTC/USDT 4HOUR CHART UPDATE !!Latest BTC/USDT Long Update:
Bitcoin is showing strength by rebounding from a crucial support trendline, which suggests the presence of strong buyer activity in this area.
This support level has held well recently and continues to act as a solid base for further price action.
Ahead lies a horizontal supply zone acting as a key resistance level.
A breakout above this zone would provide strong bullish confirmation and signal a possible uptrend continuation.
Traders are carefully monitoring this supply zone for any signs of a breakout.
A clear move above this resistance could change market sentiment, potentially leading to a more sustained rally.
The Bitcoin price action trendline is indicating a bullish trendline with strong support. Traders are looking for a breakout above the supply zone, which would confirm the start of a strong bullish rally. However, if Bitcoin fails to break out, it could lead to further consolidation near this resistance area.
Let me know if you want further information or analysis!
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
Bitcoin Analysis Weekly Outlook and Breakout SetupIn this video, I analyze Bitcoin's intermediate bullish weekly close and the next steps we're looking for. I discuss the importance of price taking out sell-side liquidity and trading into the weekly Fair Value Gap (FVG), setting us up for potential long opportunities.
The goal is to see Bitcoin break out of the current consolidation phase and continue its upward momentum. Tune in to get the key levels and insights for the next move!
BTC/USDT CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
The chart shows Bitcoin getting rejected at a key resistance level, as indicated by three rounded peaks. The third peak, marked as the most recent, shows another failure to break the descending resistance trendline.
The red arrow indicates a potential bearish move, forecasting a decline in Bitcoin price towards the lower green trendline, which has been acting as a support level since June. This suggests a potential retest of support around the $50,000 – $52,000 level.
After nearly touching $66,000, Bitcoin has pulled back and is currently trading around $64,487. The price appears to have been rejected near the resistance area, which aligns with a previous pattern of failure to break out.
The yellow moving average line is sloping upwards, but the rejection at resistance suggests that the price may continue to struggle, which is in line with the bearish forecast in the short term.
Do you want more information on potential price movements or further interpretation of this chart?
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
BTCUSDT 1H RSI 85%, correction is needed to gain new momentumBTCUSDT 1H RSI 85%, correction is needed to gain new momentum
BTC FINALLY BROKE THE RESISTANCE OF 65k, so now it sets its target at 69k. As always, the path is not usually direct and at this point, with the RSI showing signs of exhaustion, it is possible that BTC will look for the 64k corresponding to a 0.618% FIBO correction and which coincides with the base of the dynamic support of the current bullish channel. On the other hand, it could also be supported by the 65k which would now stop being resistance and become support.
It is a matter of establishing clear patterns to develop an appropriate strategy.
All these strategic alternatives can be configured with TradeX BoT, since it will allow positioning in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downwards or upwards, so that the orders are executed in one direction or another, taking the necessary deposits.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the development process and the BETA will soon be ready for testing.
FOLLOW ME and I will keep you informed of the progress we make.
I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indications. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
BTC/USDT 1DAY CHART UPDATE !
The white diagonal lines mark a clear downward resistance that Bitcoin has been respecting multiple times, indicated by the red circles. The price is again approaching this level, signaling a possible breakout attempt.
The red line seems to be a moving average (possibly the 50-day), and it has been following the price action closely, potentially acting as dynamic support during upward moves.
The green price path suggests a possible breakout from the current consolidation pattern. If Bitcoin can break the resistance and hold above, it might follow the projected path toward new highs, potentially around $78,000 based on the chart's projection.
The yellow circles highlight previous rejection points, and the price is again near this level. If the pattern repeats, Bitcoin could face resistance around the $68,000 zone before continuing higher.
Bitcoin is trading at $65,995.15 at the time of this chart, showing some bullish momentum.
This chart suggests a possible bullish breakout scenario. Would you like insights on key indicators to confirm the breakout?
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Bitcoin's Final Push: Eyeing $67,700 Before Potential ReversalAlright everyone, let's dive into the chart. Bitcoin has pushed up and reached a resistance level at $66,225.00. Currently, it appears overextended, suggesting a potential reversal is on the horizon. However, I believe Bitcoin might have one more push up to the strong resistance level at $67,700.00. From that point, we could see a pullback, but for now, the charts indicate that BTC has one final small push left. Let's watch closely and see if it reaches that $67,700.00 resistance. And remember, if it breaks through that last resistance level, get ready for Lambo!
#BTC Still follows my plan (BIG TIME FRAMES)#BTC
BINANCE:BTCUSDT
*** #BTC still in the correction channel since My Expectation from 22 July 2024 .
*** #BTC did not reach 50% FIB level for expecting reversal.
*** #BTC Whales holding the price in this range (50k --- 70K) to make their bags empty.
*** #BTC Whales will drop the price again to ( 50%FIB & 60% FIB. levels ) to buy cheep again before going to 100K.
*** #BTC Whales will never buy in 50K to have 1X only when reach 100K but they will buy in 30K to get 3X when the price reach 100K.
*** #BTC may go 70K but still has to come back again to this range (45K--- 30K) and may be less than 30K.
*** Think like whales not like a small fish in the market.
*** #BTC plan here is for bigger time frames only and this plan may be take very long weeks.
******************************** This is my expectation for next weeks **************************
****************( MAY BE I AM COMLETELY WRONG, PLEASE DO YOUR OWN PLANS ) *****************
BINANCE:BTCUSDT
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BTC/USDT 1DAY CHART UPDATE !!
The white lines on the chart appear to indicate resistance levels, connecting the recent highs over the past months. The price has struggled to break above these lines multiple times.
The yellow circles mark significant points where the price approached or tested the upper resistance, but failed to sustain a breakout. These points often signal rejection from resistance levels.
The price movement seems to form a descending triangle (a bearish continuation pattern), with a downsloping resistance line and a relatively flat support level, represented by the green trendline at the bottom.
The latest candle shows a price of around $65,319, and it is testing the resistance line again. This could lead to a breakout if the resistance is overcome or another rejection if the pattern holds.
Would you like more insights on potential scenarios or further technical analysis?
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
BTC/USDT 1DAY CHART UPDATE !The chart uploaded for BTC/USDT on the 1D timeframe shows a crucial resistance level of around $64,000, as marked by the downward-sloping trendline. The chart indicates that Bitcoin has recently approached this resistance level again and is at risk of a pullback, similar to previous rejections from May and August (highlighted by the yellow circles). This trendline, combined with a bearish engulfing pattern, suggests that Bitcoin could soon face another correction, possibly dropping toward the $51,000-$52,000 support area, which aligns with the green trendline on the chart.
The descending resistance trendline supports this short-term bearish outlook, with broad downward pressure visible on both the 1D and 4H charts. If a correction occurs, the $51,000-$52,000 range would be the key support area for a potential bounce or reversal.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
BTC/USDT 4HOUR CHART UPDATE !!The recent 4-hour BTC/USDT chart update shows that Bitcoin attempts to break the downward trendline resistance of around $64,000. However, the projection indicates a downward move, potentially pushing the price toward the support zone near $50,500, which aligns with the lower green trendline. This suggests that Bitcoin may face selling pressure after failing to break this resistance, which could lead to a broader correction. How does the price react to the $63,000-$64,000 range? A successful breakout could invalidate the downward projection, while failure to sustain above $64,000 could accelerate the decline toward the projected lower support levels.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
BITCOIN chart update !!1D timeframe: The daily chart shows a broad downward trendline forming resistance around $64,000. There is also a projection going downwards to the $51,000-$52,000 support area, which aligns with the green trendline on the chart. This suggests that after this resistance, Bitcoin could experience a more significant correction towards lower support levels.
These are possible scenarios based on existing technical patterns. Markets can behave differently depending on macroeconomic factors and other events, so it is important to stay updated.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.