BTC/USD Week Chart Retrace to $70,026In this idea I illustrate how a set of ascending scallops move in regards to each other. Highlighted in the chart is the first scallop that took us to justs above 100k. I know everyone is bullish and there will be dissenting views, but hear me out. The bull run is not over this is just natural movement. The first scallop almost always retraces to the left top of the hook to form the rounded bottom of the second. This scallop retraces the farthest of any in the set. I hope this helps and it looks like we will resume upwards movement in January. Blessings to you guys and long live bitcoin.
ND
Btcshort
BTC-USDT 1D Looks bearish... it will probably be bearishIf it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
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BTC-USDT 1D Looks bearish... it will probably be bearish
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
I'm not going to go into details. BTCUSDT broke the resistance zone and as we all know it surpassed the 100K level.
For BTC to continue rising, it needs gas, and that gas is in all the SLs below.
My strategy at the moment is to let the corrective movement take place and test the resistance to get back into a bullish position on the rebound.
Good luck to everyone in your decision making :)
__________________________________________________
Automated Cryptocurrency Trading Bots: 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 downward or upward, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing 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 process of development 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 values 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. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
BTC on BUY! - But on 92 - 91k! Understand Why!Bitcoin looks promising as both retail and institutional players hold onto their profits. If BTC had reached 100K, it could have triggered liquidations worth approximately $2 billion, but that scenario didn’t unfold.
What’s worth noting here is the SMA that previously acted as support around the FWB:67K level. Historically, SMAs don’t always provide pinpoint resistance or support. Instead, they can often dip slightly before reclaiming their role as support. Buffer zones are crucial when relying on SMA levels.
Key Observations:
• BTC Outlook: Currently, BTC appears slightly weak, with potential movement toward the SMA level of $92,490 (previously $91,658 as of December 2, 2024).
• TPO Zone: Watch for a TPO zone between $91,658 and $91,091, which represents a strong area for fresh buying opportunities.
• Short Setup: Shorts can be initiated at the current market price (CMP) with a risk-reward ratio of 1:3, provided a proper stop-loss is maintained.
Trading Plan:
1. Shorts:
• Entry: CMP
• Stop Loss: Tight SL for 1:3 risk-reward.
2. Fresh Buys:
• Entry Zone: $91,658 to $91,091.
• Avoid initiating buys above this zone to ensure optimal positioning.
⚠️ Pro Tip: When trading based on SMA levels, always account for minor deviations. Incorporating a buffer ensures that sudden dips don’t shake you out of a solid trade idea.
BTC/USDT 4-Hour Chart Analysis Ascending Channel Formation !!
The chart shows a distinct ascending channel, with BTC adhering to the upper resistance and lower support trendlines.
The 21 EMA (yellow line) serves as a significant support level, with the price demonstrating signs of respecting it. The lower boundary of the ascending channel is closely aligned with the current price level, adding another layer of support.
BTC has pulled back to the channel's lower support zone (~$95,700) after struggling to maintain a higher breakout attempt. The green arrow projection indicates a potential bullish reversal.
Although volume data isn't displayed here, a rebound from this level generally requires increased buying activity to sustain a bullish momentum.
Immediate Support: ~$94,000 (channel support and psychological level).
Resistance Zone: ~$98,500–$100,000 (channel top and round-number resistance).
A successful bounce from the support zone could drive BTC towards $98,500 and possibly retest the $100,000 resistance.
A drop below the ascending channel and $94,000 could lead to further declines, targeting the $92,000–$90,000 zones.
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 coin.
@Peter_CSAdmin
BTCUSDT Analysis: Short Opportunity Targeting $95,093 Overview:
BTC is currently demonstrating weakness as it fails to hold above key levels. The recent rejection around the previous session’s POC and the inability to sustain above critical moving averages signal bearish momentum. A short position targeting $95,093 appears highly favorable given the prevailing market conditions.
Justification for the Short:
1. TPO Analysis:
• The visible TPO structure highlights weak buying support in the current session. The price has consistently failed to establish a solid value area above $96,178, indicating that sellers are dominating.
• The lower TPO levels below the $96,178 mark show thinly auctioned zones, suggesting that the market is likely to revisit and fill these inefficiencies.
2. POC Rejection:
• The rejection at the current session’s POC aligns with the bearish sentiment. The price was unable to reclaim this level and establish new value, reinforcing the downtrend.
• The TPO suggests strong resistance at $96,390, which further validates this bearish bias.
3. Moving Averages Breakdown:
• BTC is trading below key moving averages (marked in orange and pink), which are now acting as dynamic resistance levels. This signals that the bears are in control and a downside continuation is likely. Also a death crossover on the benign
4. Prior Analysis Nullification:
• While earlier BTC analysis leaned toward recovery, the failure to sustain momentum nullifies that outlook. The recent bearish reaction at key levels indicates that sellers are overpowering any attempt at bullish recovery.
5. Volume Profile Confirmation:
• The volume profile shows a sharp drop-off below $96,178, with low-volume nodes extending toward $95,093. This indicates minimal buying interest, paving the way for a swift move to the downside.
Key Levels:
• Resistance: $96,390 (POC), $96,178 (recent high TPO level)
• Support: $95,093 (Target and next major TPO base)
Trade Idea:
• Entry: Below $96,178 for a conservative short.
• Target: $95,093 (value area and next major support).
• Stop Loss: Above $96,390 (rejection point).
• Risk/Reward: Favorable due to clear downside levels and TPO inefficiencies.
BTC/USDT 4H Chart AnalysisBitcoin remains within an ascending channel, respecting both the upper and lower trendlines.
The price is currently hovering near the channel's midline, indicating indecision.
Support: $94,500 (ascending trendline and psychological level).
Resistance: $96,800 (recent local high).
The 21 MA (yellow line) provides dynamic support, but the price action shows some weakness in holding above it.
Declining volumes indicate low conviction in recent price activity.
Momentum appears to be neutral, awaiting a catalyst for direction.
A breakout above $96,800 could push BTC towards $100,000.
A breakdown below $94,500 could lead to a retest of $92,000 (lower trendline).
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 coin.
@Peter_CSAdmin
BTC forming head and shoulders patternIt appears that BTC is forming a big head and shoulders pattern within an ascending broadening wedge. If it continues to follow the red line it will retest all key price levels and react to trend line support and resistance. I think it absolutely must retest the $74k region and this pattern is a straightforward way to get there.
BITCOIN WEEKLY CHART UPDATE !!This BTC/USDT chart shows a potential inverted head and shoulders pattern on the weekly timeframe, indicating a significant bullish reversal.
The chart clearly shows an inverted head and shoulders formation, with a bullish left shoulder, a bearish head, and a bullish right shoulder. The neckline has been broken upwards, confirming the bullish breakout of the pattern.
The neckline, located around $83,000-$85,000, now acts as a strong support level. The measured move indicates a potential target range of $130,000-$150,000, depending on the height of the pattern. Although BTC has seen some retracement after breaking the neckline, it remains above the critical support levels. The consolidation above the neckline further strengthens the breakout. The green path indicates higher highs, indicating the next potential wave towards $110,000+.
Any pullback should ideally find support at or above $85,000 to maintain the bullish structure. For volume confirmation, an increase in weekly volumes will validate the breakout and support continued upward movement. Small update: Monitor price sustainability above $94,000-$96,000 to confirm ongoing bullish momentum. Stop-loss: A drop below the neckline ($83,000) could invalidate the pattern. This chart presents a long-term bullish outlook with higher targets.
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 coin.
@Peter_CSAdmin
A rercurring Topping Pattern - Take (partial) Profit?What's this?
..just a Pattern.
..a recurring pattern.
..a very similar, recurring pattern.
So what is this post good for?
Maybe just a heads-up?
Or just that you can roast me to point out that BTC is stretched, and has a high chance of pulling back or even going South.
However, be happy, not angry §8-)
#BTC/USDT Analysis Update Bitcoin is consolidating within an ascending triangle, a classic bullish continuation pattern.
BTC is respecting the ascending trendline as support.
Horizontal resistance is forming around $93,000, acting as a breakout level.
The price currently trades above the Ichimoku Cloud, indicating underlying bullish momentum.
The cloud acts as dynamic support, reinforcing the possibility of an upside breakout.
Decreasing volume during consolidation indicates preparation for a significant move.
Watch for a volume spike on the breakout.
The RSI is in a healthy range and is moving upwards.
The MACD shows the possibility of a bullish cross, indicating upward momentum.
Resistance Zone: $93,000 – $93,500 (Breakout Level)
Support Trendline: $89,000 – $90,000 (Triangle Base)
A close above $93,500 confirms the breakout.
Possible Upside Targets: $95,000, $98,000, and $100,000.
A drop below $89,000 could signal bearish momentum.
Downside Targets: $87,000 and $85,000.
BTC is building momentum and could break out of the triangle soon. A breakout above $93,000 with rising volume would confirm bullish dominance. Stay alert and prepare for confirmation! 🚀
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 coin.
@Peter_CSAdmin
Bitcoin Stop Sell Signal: Entry at $91,300🔴 Position: Short
🔴 Entry Point: $91,300
🔴 Take Profit: $88,550
🔴 Stop Loss: $92,300
📊 Technical Analysis: Bitcoin is forming an incomplete triangle pattern, indicating a period of limited price action. If the price reaches the $91,300 level and breaks it, a stop sell position will be triggered. This key resistance level, once broken, could lead to a price drop towards $88,550.
⚠️ Important Note: Scalping is a high-risk strategy. Due to rapid and unpredictable price movements in short timeframes, always use a stop loss and keep an eye on market fluctuations.
💡 Risk Management Strategy: Set your stop loss at $92,300 to limit potential losses if the market moves against you. We recommend entering with a small position size to minimize risk.
BTC short ideaIf Bitcoin reaches $90,000, there may be potential for a short-term pullback due to a stop-loss (SL) hunt scenario, where larger market players could push prices up to trigger stop orders before initiating a drop. For this short position, watch for signs of exhaustion around $90K on shorter timeframes, or look for bearish confirmation such as a rejection pattern or increased selling volume after a wick above key resistance.
Using a tight stop-loss just above $90K can manage risk if the SL hunt causes volatility.
BTC/USDT WEEKLY CHART UPDATE !!
Bitcoin has broken out of the inverse head and shoulders pattern on the weekly timeframe, showing strong bullish momentum supported by high volume and the Ichimoku Cloud. A pullback for a retest above the breakout level may occur, possibly filling the CME gap, which could set the stage for a rally above 100K.
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 coin.
@Peter_CSAdmin
BTCUSD - Bitcoin roared too high too fastNot because it's Bitcoin. But because it was pushed too fast too far. That's why BTC is stretched and has to come back to Balance.
The yellow Fork, which is a shorter term view (weekly/daily) shows us the super stretch.
It probably will take some weeks for BTC to fall back into the Fork. When it does, it's target is the white Center-Line.
BTCUSDT 15m - Sharks Need to EatBTCUSDT 15m - Sharks Need to Eat
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We continue working on the small problems that have arisen, but for a diamond to become a brilliant, the edges must be polished :)
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BTCUSDT 15m - Sharks Need to Eat
The rebound corresponds to the jump in the first SL.
The volume of purchases is at a minimum and there are clear signs of uncertainty at these levels.
LEVELS to SHORT BTC:
SL: 89k
TP: 80K - 81K
______________________________________________________
Automated Cryptocurrency Trading Bots: 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 downward or upward, for the orders to be executed in one direction or the other, taking the necessary deposits from your portfolio.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing 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 process of development 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 values 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. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)