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!
Btcshort
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.
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!
BTC SHORT The chart indicates a potential move where Bitcoin (BTC) is currently testing an area of interest around 60,715.9 USDT. The price is approaching a key resistance zone marked as MMSM, which could provide a selling opportunity if the price fails to break above it convincingly.
Trade Setup:
Stop Loss: Place a stop loss just above the 62,500 USDT level to protect against potential false breakouts above the resistance zone.
The initial target for this trade would be around the 55,940.7 USDT level, where there is an imbalance wick, which could serve as the first point of profit-taking. Further downside targets could be around the 48,889.4 USDT level, representing a more extended move.
Risk/Reward: This setup offers a favorable risk/reward ratio, as the downside potential outweighs the risk if the resistance level holds.
Additional Notes:
- If price breaks and holds above the 62,121.2 USDT level, reconsider the short idea as it would invalidate the current bearish setup/structure.
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!
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!
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!
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!
SOLUSDT & BTCUSDT, Thu 15 Aug, Prepare for NY or Pm Sessions!My Range of price of Both showed in chart!
I expected , the price rise up and reach to oone of these FVG`s and
Then start to downward!
I am ready for this, I will only trade SOLUSDT and get confirmation from
BTCUSDT`s Price !
Try to up to date my idea after 9:30!
What do you think?
Please share your comments and ideas with me!
Happy Trade!
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!
#BTC/USDT#BTC
Bitcoin
Bitcoin price is moving in a sideways channel on a 1-hour frame. It is expected that the price will touch the lower limit of the channel at $59,600 and bounce from it upwards to the upper limit of the channel at $61,800. Which is considered a pivot point, which pushes the price down as expected to $57,800, which is a strong support level.
We have a support area in green at $57,800 after the price touched it and bounced from it
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the price upwards,
canceling the pattern in the event that the pattern is broken upwards and a candle closes above the $62,000 area, which supports further upwards
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!
BTC/USDT 4HOUR CHART UPDATE !! BTC/USDT 4-hour chart analysis update:
BTC/USDT is currently at support levels around 61,100 USDT. This is a crucial level to watch, as a break below could lead to further declines.
Immediate resistance is at 62,000 USDT. A breakout above this level could signal a bullish trend, potentially targeting higher resistance levels.
If BTC/USDT breaks above 62,000 USDT, the next resistance levels to watch are 71,462.14 USDT and 73,449.96 USDT. These levels could act as crucial barriers to the price.
On the downside, failure to break the immediate resistance could lead to a decline toward long-term support at 52,408.76 USDT.
Traders should closely monitor volume and moving average signals to gauge market sentiment and potential reversals. An increase in volume on a breakout or breakdown can confirm the move.
This analysis suggests that BTC/USDT is in a crucial phase, and traders should remain vigilant and keep an eye on the signals to confirm the next direction.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
BTC monthly Short in long termhello everyone.
Due to the following reasons, I predict downtrend of Bitcoin in longterm :
1- from march to august unlike sept to march According to the price action point of view, the candles have weakened( size and number of green candles )
2- the february is a gap candle because we hadnt any rest on those zone. therefore we need a powerfull pullback for fill the gap.
3- price has a long distance from Ma 20 , 50 ,100 . therefore probably we will move to near it.
4- the k has broken d down int Stochastic RSI and line 80 is broken by two lines. although we havent arive to 50 yet but we arent above the 80 line too.
5- bollinger band shows us that we are in the top of the zone. therefore it is possible that we are going to at least middle zone.( around 42000 $)
6- Mfi shows us that price has moved under 80.( like stochastic rsi)
7- fibo shows us that we can goes to 49 and then 43.
best regards...
I am waiting for your comments.
Bitcoin trade idea Local idea on 30m tf BINANCE:BTCUSDT.P
Waiting sweep Asia and drop to sweep PDL in this range
Money power indicator shows zones where money inflow and outflow
After significant bounce at 49k im waiting correction.
Sl and Tp marked with 0.69% sl
Also dont be scary to be wrong with your ideas SL its just a part of our job
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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BTC/USDT 1DAY CHART UPDATE !!BTC/USDT is currently in a critical phase, with immediate support at 58,000 USDT and resistance at 62,000 USDT. A breakout above 62,000 USDT could see a move towards higher resistance levels at 71,462.14 USDT and 73,449.96 USDT. However, a failure to break above this resistance might result in a decline towards the long-term support at 52,408.76 USDT. Traders should closely watch 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!
BTC/USDT CHART UYODATE !!BTC/USDT is currently at a critical juncture, trading just above a crucial support level. A bounce from $58,000 could lead to retesting higher resistance levels, while a break below could result in further declines towards $52,408.76. Traders should watch for volume spikes and RSI signals to gauge market sentiment and potential reversal points.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
BTC/USDT 1-day chart update!!BTC/USDT 1-day chart update
Current price: $56,777.38
BTC has shown a significant bounce from the recent low of $54,730.00.
The price is currently testing the $56,777.38 level.
The immediate support is around $52,408.76.
The green rising trendline is a crucial long-term support level.
If BTC continues to rise, it could face resistance at the $62,000 level, which was the previous support.
Higher resistance levels include $71,462.14 and $73,449.96.
A breakout above $62,000 could test higher resistance levels around $71,462.14 and $73,449.96.
If BTC fails to hold the current levels, it could retest the support around $52,408.76. A break below this level could lead to further declines towards the green rising trendline.
Keep an eye on changes in trading volume to gauge the strength of the current move.
Keep an eye on the RSI for potential overbought or oversold conditions that could signal a reversal.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
Bitcoin's local perspectiveAt the moment, the INDEX:BTCUSD price has come to the support of $54 821.76 (the HP level of the turquoise model). If the price goes under this level, the next two zones where we can expect the price to be would be $52 612-$51 858 and $49 394-$49 247.
To continue the growth at least to the area of $59 900-$60 143 the price needs to go beyond the turquoise pattern by breaking the trend line, which looks more unlikely at the moment.