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Btctechnicalanalysis

BTC BITCOIN Technical Analysis and Trade IdeaMarket Observations: BTC/Bitcoin has experienced a remarkable bullish surge. However, the monthly timeframe indicates potential overextension. Moreover, recent price action pushing into previous highs on both the monthly and weekly charts suggests a possible retracement towards the 50-61.8% Fibonacci zone. This area typically attracts increased liquidity, potentially encouraging long positions from institutional investors. Trading Considerations: Counter-Trend Short: Explore a short entry near the current price level, strategically placing a stop-loss above the recent highs. Maintain a 1:1 risk-reward ratio for this trade. Fibonacci Buy: Target a potential buy opportunity close to the 61.8% Fibonacci retracement level. This aligns with the possible accumulation of long positions by larger market players. Utilize a stop-loss below the recent swing low, and define target levels as shown on the screenshot. Disclaimer: This analysis offers my personal market interpretation for educational purposes and should not be considered direct financial advice. Always prioritize your own independent research and thorough risk assessment before making any trading decisions.
OANDA:BTCUSDLong
by fxtraderanthony
#Bitcoin Weekly UpdateHello folks, the Bitcoin weekly close is here, and this week's close was at $48.3k. Is it positive? Maybe. There's no doubt that BTC performed quite well by remaining consistent with the rally since September 2023. With the current price at $48.1k, BTC might touch the $50k range within this week, but we also need to consider the negative parameters. As I mentioned earlier, on a weekly timeframe, once BTC makes this jump, the RSI will lose its momentum and eventually form a bearish divergence. Well, we can see it happening; the RSI is forming a bearish divergence whereas the price is increasing. This rejection may take place from the current price level or possibly after we see BTC in the $50k range, but eventually, a correction/rejection will follow. I was expecting a daily close in the $50k range for better confirmation, but BTC struggled at $48k. Anyways, more updates on BTC and the market as it unveils the next chapter. Trade safely. Regards, Team Dexter
INDEX:BTCUSD
by Dexter_The_Trader
BTC quick update.Hello folks, we finally have the daily close on #BTC at $44.3k, but the danger is not over yet. After yesterday's sudden bounce in BTC, the price took a pause close to $44.8k. This is the exact spot where in the past we had the shadows. If it is too good to be true, then BTC is likely to face rejection again. I would love to see Bitcoin breaking out all barriers and reaching higher levels, but I can't be biased. I am simply analyzing the best possible scenario and presenting it in front of you. Here's my conclusion: in this 8-hour TF, BTC must break above the blue box to reach the initial $47k resistance and then continue its higher rally. Failing to do so will show rejection, with $43.4k serving as the initial support. Note: Other timeframes may not show the same information as this chart. Therefore, it is advisable to analyze charts on different timeframes. This post is only for educational purposes. Regards, Dexter.
by Dexter_The_Trader
BITCOIN IS FULL OF SURPRISES.After two bearish candles, Bitcoin indicated a possible rejection. While we observed rejection in the lower time frames (LTF), the weekly chart reversed the entire scenario. Bitcoin transformed the bearish red candle into a green one, leaving a long lower shadow, and opening a new candle above $42k. This indicates some positivity in the market and the potential for BTC to bounce back to $47k. The support and resistance levels will remain the same for both the weekly and daily charts. It is always better to keep the worst-case scenario in mind; in this case, $30k is the worst-case scenario, and a breakdown below $37k will likely be a red alert. Note: A correction still awaits before the halving. Do your own research before investing because this isn't financial advice. Thanks, Team Dexter.
INDEX:BTCUSDLong
by Dexter_The_Trader
3
BTCUSD Trading Plan - 31/Jan/2024Hello Traders, Hope you all are doing good!! I expect BTC to go Up if it gives correction here. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EIGHTCAP:BTCUSDLong
by For3xScalper
Bitcoin: The Daily Close Below $40k.BTC's daily close was at $39.5k, which is not a good sign, to be honest. BTC was expected to hold this level to remain bullish, but the weekly chart tells a different story. Now, the next move is anticipated to be a further drop toward the $37k level. How I wish BTC could turn this daily close into a fakedown and bounce back to $44k, LOL! Our strategy remains the same: stay in USDT, consider every dip as a buying opportunity, and avoid leverage trades. Turn on notifications for more updates. Regards, Team Dexter.
Short
by Dexter_The_Trader
$BTC Lost $40k Support Level Today, Key Price Targets To MonitorCRYPTOCAP:BTC has traded sideways within a range with resistance at the white resistance zone (around $44k) and support in the green support zone around $40k. CRYPTOCAP:BTC has lost support at $40k and is at risk of a steep drop. Altcoins will get wrecked here too. Price levels on the way down: - The white trendline at $37.5k is the next key support level of interest. - The orange support zone at $33.6k and $34.9k is my key support zone of interest.
BITSTAMP:BTCUSDShort
by realchartchamp
Bitcoin: The dip!Hello traders, BTC has concluded its weekly close and unfortunately failed to close above the previous week's close ($41,700). The weekly close for this week was $41,583, and the current price stands at $41k. For two consecutive weeks, we witnessed a bearish close, forming a bearish shooting star and a bearish spinning top. These candle stick patterns raise concerns, and if BTC undergoes a correction, $30k seems to be the critical support level. In terms of support levels, we have $40k acting as temporary support, $37k- FWB:39K as support1, and $30k as support2. Given the current scenario, it is advisable to avoid any futures trades and wait for a potential bounce back. I will provide an updated BTC chart in a shorter timeframe for a clearer picture. Therefore, ensure your notifications are turned on to stay informed. Trade safely. Regards, Team Dexter.
INDEX:BTCUSDShort
by Dexter_The_Trader
BTC 1D, TARGET .. OH MY GOOODD MY BTC AFTER ETF Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
BINANCE:BTCUSDShort
by sungoku5
BTC 1D, OH MY GOOOODDDBitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
BINANCE:BTCUSDShort
by sungoku5