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Btctechnicalanalysis

$BTC Linear Regression Analysis$BTC:1D (1 year look-back period) CRYPTOCAP:BTC currently hovering around its linear mean price point of 45.6K in anticipation of SEC approval or delay tomorrow. Current linear range at standard deviation up and down is roughly 50.9K to 40.5K. Pearson’s R^2 is extremely high at 0.96, implying a high tendency for price to centralize around the linear mean. The upward trend from October has been extremely strong. It should be noted that maintaining trend strength at these elevated levels of Pearson’s R^2 for any extended periods of time (6 months or more) is highly unlikely. Bearish price to RSI divergence is present (yellow lines) and would require a move above 83 on the 1D RSI to invalidate. At a minimum a move down to the 38K region over the course of the next few weeks seems like a very reasonable proposal. This assumes that price has baked in the ETF approval and that a rejection/delay by the SEC could portend even further downside risk which could eventually place enough pressure on the above linear regression channel to either weaken it significantly or, in the event of a hard selloff, to shatter it completely. Not financial advice.
COINBASE:BTCUSDShort
by Firewalker_Charts
BTC PRICE ANALYSIS AND NEXT POSSIBLE MOVE !!BTC 4HR CHART UPDATE !! • Aftre Breaking its rising wedge BTC Price drop around 10% as we expect in our previous analysis 🫰 • Aftre hunting all stoplosses and liquidation around 65600$ BTC Price still manage to hold 68000$ support area. • If Bulls show strength at current level then may be BTC Price mak new all time high around 75000$-76500$ area. • Currently near me its not trade zone🚫 untill btc price make new all time high or drop around 61000$. FOLLLOW US FOR MORE FREE ANALYSIS !! Jazakallah❤
by CRYPTOPLAYERS-01
2
BTC…whats coming next ? BTC / USDT BTC is seeing a significant surge in price by more than 13k since my last analysis! (see in the attachment below) ⚜️ CHART ANALYSIS: We can see BTC is moving in a massive ascending channel since 3 years ! The middle-line of channel acted as important S/R key level its also equates the 0.618 fibo level thats why after breaking out this level with strong volume 2 weeks ago, I published my last bullish idea about BTC is targeting 100k ! ⚜️ So whats coming next here : According to my view,Iam bullish and The possible scenarios are: 1- Break ATH first, pullback and continuation toward near 100k 2- Pullback first toward the middle line of channel and then breakout ATH I tried to simplify my view as much as i can Whats ur opinion and thoughts? and what scenario has higher chance for you ? Don't forget to support this analysis and follow for more ideas, setups and analysis Best of wishes.
Long
by Babenski
36
Daily Bitcoin Update - March 5, 2024Yesterday CRYPTOCAP:BTC rose above the light blue resistance zone, and rallied towards previous all time highs around $69k. However, BTC stopped just short of reaching new all time highs at the orange trendline. There has been a pullback and retest of FWB:65K , and BTC is continuing to show some strength this morning with a bullish bounce. I think the price is likely to trade sideways below SWB:69K for now, and we'll see if BTC starts to break down over the next few days. CRYPTOCAP:BTC Attempting a Bullish Retest of $63.9K Here CRYPTOCAP:BTC has started dropping, but BTC is attempting to form a bullish retest of this $63.9k resistance line to flip it into support here. Looks like there will be a bounce and rebound here. I think BTC could continue trading between GETTEX:64K and SWB:69K for now.
BITSTAMP:BTCUSDShort
by realchartchamp
Bitcoin Technical Analysis: Key Resistance and Potential RetraceBitcoin (BTC) has recently encountered a crucial resistance level at its previous all-time highs. Given this development, we anticipate a substantial retracement in price. However, our outlook remains optimistic, with the potential for a continuation towards the $80,000.0 mark. Our trading strategy involves closely monitoring the 1-week timeframe. Specifically, we aim to enter the market during the 50% to 61.8% Fibonacci retracement zone. Our profit target is set at 2R, emphasizing risk management and reward-to-risk ratios. Disclaimer: This analysis serves as an opinion and should not be construed as financial advice. Traders and investors should conduct their due diligence and seek professional counsel before making any trading decisions.
OANDA:BTCUSDLong
by fxtraderanthony
Bitcoin Update in Daily Timeframe.BTC Daily Update: It's already day 5 since BTC hit GETTEX:64K , and it is still trending above $60k, making a sideways move. BTC did something unexpected last week, and the expectation bar is set high among traders. Some expect BTC to reach a new high before the halving, while others anticipate a significant correction. Well, no one can see the future, but we can analyze the chart and create scenarios for better probabilities. If you view the chart carefully, you'll notice that right before the previous pump, BTC went sideways, and then there was a nice 20% pump. The same action can be expected here, but only if BTC maintains these levels. A breakdown and close below $60k in daily TF will create higher chances of correction. On the other hand, maintaining the sideways trend between $60k to GETTEX:64K could help BTC make another parabolic move toward the ATH. That's it for now. We will keep you all updated, so stay tuned. Have a blessed weekend. Regards, Team Dexter.
by Dexter_The_Trader
2
Bitcoin to hit the All Time High.Hello Traders, Welcome to the latest update on Bitcoin in the daily timeframe. From $50k, BTC has surged to GETTEX:64K , marking a 27% rally over the past 6 days. The daily close at $62.4k indicates a step forward towards the possibility of BTC hitting its all-time high (ATH). Moving forward, BTC faces the first layer of resistance between $64.8k and $65k. A successful break and close above this level, whether in the daily or weekly timeframe, could pave the way for BTC to target its ATH at $69k. While many have been anticipating a market correction, it has yet to materialize. Does this mean we are at the peak of the correction? It's uncertain. However, whether BTC reaches its ATH or establishes a new one, a correction appears imminent. It could occur either before or after the halving, but it's on the horizon. That's all for now. Thank you for reading. Regards, Team Dexter
by Dexter_The_Trader
Is Bitcoin Getting Ready for $60k?To answer this, I have divided it into two scenarios: Positive Scenario: BTC has closed at $52,137 daily, and the chart shows a nice BRB pattern (Breakout, Retest, & Bounce). This suggests the possibility of another parabolic move toward the $60k target. Negative Scenario: BTC has again closed below the GETTEX:52K range in the weekly timeframe. This increases the chances of rejection. Additionally, the RSI shows an overbought crisis, indicating an impending correction. Conclusion: In the daily timeframe, if BTC closes below $50k, it will strongly indicate a correction in the market. Until then, I am expecting BTC to reach $60k. #BTC
Long
by Dexter_The_Trader
7
BTC BITCOIN Technical Analysis and Trade Idea#BTC's recent bullish run has been noteworthy. However, I'm watching for a potential buying opportunity if we see a decisive retracement down to the 61.8 Fibonacci level. A subsequent retest and failure of a range at the low around the current support level formed during that pullback would provide a strong entry signal for #Bitcoin. As always, it's crucial to remember the inherent risks of trading. Conduct your own thorough research, factoring in fundamental market drivers and the broader macroeconomic landscape alongside your technical analysis. Never neglect sound risk management strategies to protect your capital. Disclaimer: This analysis offers a technical perspective on BTC and should not be taken as investment advice. Tailor your trading decisions to your specific risk tolerance, informed by comprehensive market research and a holistic assessment of all relevant factors.
OANDA:BTCUSDLong
by fxtraderanthony
BTC BITCOIN Technical Analysis & Trade IdeaBitcoin (BTC) has enjoyed a robust bullish run, but recent price action on the four-hour 4H chart indicates potential weakness. Since February 13th, BTC has entered a sideways consolidation phase. I'm anticipating a sell opportunity should we observe a decisive break below the current range low, followed by a retest and failure of that level. Potential targets for this trade would align with prior swing lows. It's imperative to emphasize that trading carries inherent risk. Before executing any trades, it's vital to conduct your own extensive research. Consider both fundamental market drivers and global macroeconomic conditions alongside your technical analysis. Always implement sound risk management practices to safeguard your investment. Disclaimer: This analysis presents a technical viewpoint on Bitcoin. It should not be interpreted as investment advice. Base your trading decisions on your own risk profile, comprehensive market research, and a thorough assessment of all relevant variables.
OANDA:BTCUSDShort
by fxtraderanthony
2
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