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$BTC Daily UpdateCRYPTOCAP:BTC #BTC broke out of $62,629, testing $62,580, breakout retest pending, haven't yet established new support and currently struggling at $61,953-$62,580. Beautiful follow up to bullish engulfing on previous 1D close, needs to establish a strong support at $62,580-$63,544 to avoid fakeout.
BTCUSD H4 Analysis: rate cuts decision today big move expectedMy dear friend and fellow trader, I am writing to you today with great joy and pleasure.
BTCUSD H4 Analysis:
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
SasanSeifi|A Quick Overview of Bitcoin’s MovementHey there, ✌In this analysis, we’re taking a broad look at Bitcoin's trend. As observed on the 20-day chart, Bitcoin rallied from the $16,000 range, leading to a price increase that saw it reach an all-time high (ATH) of $73,700. However, after failing to hold and close above $70,000, the price entered a consolidation phase and eventually corrected to fill the gap near $49,800.
Currently, candles are closing above the critical $54,100 liquidity level, with Bitcoin now trading around $60,000. The market remains in a ranging phase. Historically, we’ve seen Bitcoin make significant moves around November each year, and as we approach the end of 2024, it's possible we could see a similar trend, whether upwards or downwards.
It’s also worth noting that we have upcoming elections, which could impact the cryptocurrency market. Based on this, the scenarios we can consider are as follows: Bitcoin is likely to remain in this range or experience corrections down to the $46,600–$46,000 targets by year-end. However, a breakout and consolidation above $70,000 could pave the way for a further upward trend, with targets in the $77,700–$80,000 and $85,000 ranges.
This is a long-term view, and to confirm a bullish trend, we need to see price stability above $70,000.
If the price corrects to the aforementioned support zones, it will be crucial to observe how it reacts for a better understanding of the next moves. Stay tuned for updates, and don’t forget to like and follow for the latest analysis. I’d love to hear your thoughts in the comments!✌🙌
❌This analysis is my personal viewpoint and not financial advice.
BTC buy📊Analysis by AhmadArz:
🔍Entry: 57,157
🛑Stop Loss: 57,288
🎯Take Profit: 59,524 - 61,206
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Sep 16,2024 short term bitcoin analysis Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency is approaching support at 58000 points, which may give a positive reaction. However, a break downwards through 58000 points will be a negative signal. The currency is assessed as technically neutral for the short term.
$BTC Short-Term UpdateCRYPTOCAP:BTC #BTC $56,557 support regained and again testing it! Failed to follow thru on bullish engulfing on 4H, bearish engulfing forming on 1D, RSI on 1D and 4H also suggesting a dip shortly, $54,363 remains support in effect here which could be testing if bearish engulfing on 1D played out. $58,882 support needed to reattempt at $61,953.
#BTC/USDT#BTC
Bitcoin price is moving in a descending channel on the 4-hour frame and is largely adhering to its borders.
The price has touched the lower limit of the channel, which is considered a support area in green at $53,000.
The price is now 54,600, which is the entry point.
The price is expected to reach the upper limit of the channel at $56,730.
A Trade as Simple as "Shooting Ducks in a Barrel" - BTC LONGDISCLAIMER: This is not trade advice. This is for educational and entertainment purposes only to demonstrate how I intend to participate in this market. Trading involves real risk. Do your own due diligence.
People like myself (with average-to-below average intelligence) need a simple strategy.
My "Ducks in a Barrel" strategy is exactly that. Simple. Clear. Rules Based. Effective. Zero Discretion.
BTC (and several other cryptos, for that matter), are setup for "Ducks in a Barrel" long trades. Lets review the process for identifying these setups. To be clear, this is not a "long now" post. This market is SETUP. This is not a timing tool. We get into the market once we get a technical long TRIGGER on the Daily timeframe. From there, we FOLLOW THROUGH on the trade by managing risk and maximizing profit. Without the TRIGGER, we have not trade.
STEP 1: Identify a market with a strong trend on the weekly timeframe. I utilize the 39 and 52 period MA. For uptrends, we want to see both MA's sloping up and pulling away from each other. We see on BTC that the two MA's are still upward sloping and pulling away from each other. This confirms step 1, that we are in a strong uptrend.
STEP 2: We need at least 2 of the following to be in unison with the direction we want to trade (in the case of BTC, we need 2 of these to support the long idea).
VALUATION: For longs, we need an undervaluation vs Gold &/or Treasuries.
STOCHASTIC: For longs, we need to see the market is oversold.
SENTIMENT: For longs, we want to see Bearish advisor sentiment (we fade the public sentiment).
STEP 3: We see that BTC is Oversold on the Stochastic and is Undervalued vs Gold & Treasuries. This meets our criteria of 2/3 indicators supporting our idea. This market is now SET UP for longs. Now we wait for the TRIGGER.
STEP 4: We are waiting for Step 4 in Bitcoin right now. We need to see an entry TRIGGER on the daily timeframe via one of the following entry techniques.
18 Period MA Entry
10 high 8 close MAC w/ Williams Acc/Dis 57 MA Confirmation Entry
Stop either 150% of 3 Period ATR, or 2 times the width of the MAC, whichever is greater.
There are other entry techniques, but they are higher risk. The two entry techniques above will not catch the absolute bottom, but will ensure that you are buying into a confirmed trend change. Other entry techniques come with the risk of trying to "bottom/top" pick, which increases your odds of several losses prior to the real move occuring.
If you have questions about the "Ducks in a Barrel" strategy, feel free to shoot me a message.
I hope you all have a great week.
And as always.....
Good Luck & Good Trading.
#BTC 15MIN Bullish candle BCZ of positive newsEmployment change in USA was better than expected 142K &
Unemployment rate was as expected 4.2 %
**************MAY BE BULLISH WEEKEND**************
************* NOTE**************
USA CPI will be announced on WED September 11, 2024
**************************************************************************
BINANCE:BTCUSDT
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**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR ****
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140 Days into the 2024 Post-Halving for $BTCWe have 47 days until the new CRYPTOCAP:BTC ATH.
Watch for pressure driving the price down as there is a high potential to retest the $50-52k range within the next 9-10 days. Avoid capitulation if possible. Historically, the parabolic phase of this cycle will start within the next 4-5 weeks.
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Key Notes:
- Holiday Prediction Levels -
Halloween | 2024 | GETTEX:82K
Thanksgiving | 2024 | $105k
Christmas | 2024 | $142k
New Years Day | 2025 | $185k
- 500 D ATH Prediction Levels -
Bear | $110k
Base | $200k
Bull | $314k
- 280 D ATH Prediction Level -
Realist | $148k
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Prediction indicators based on historical data from the 3rd Post-Halving cycle.
Institutional, Micro, Macro and Seasonal economic pressures from either direction could blow this off course. I am hopeful the pending September 2024 Fed Rate cut will move the new ATH up by 10-15 days and result in a higher retest low before going parabolic.
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Indicator used is LuxAlgo's historical price prediction indicator, Date is 9/5/20 used on a daily chart with a growth factor of (1). The BLUE trend line is traced over the 2020/2021 parabolic phase of the 3rd bull cycle.
#BTC/USDT Bounce Incoming! Futures Trade Setup!#Bitcoin : 10/10 So far! Bounce seems highly likely at this level.
RSI Bullish divergence in the hourly chart.
But of course, no one knows for certain in this kind of market!
Invalidation:- Daily close below $54018.18!
If you're looking for a swing Trade, $54890 to 56150 is a good range to accumulate long on spot!
Futures Setup Here:- There's a higher chance of this setup getting invalidated if we lose 55500 again so be careful to try to keep your entry as low as possible to keep your Stop Loss small.
Always use leverage below 5x!
Entry:-
$56150, (50% entry)
$55700, (20% Entry)
$54890 (30% Entry)
Targets:-
$57155
$57855
$58200
$59544
Stop Loss:- $53854
This is a risky trade so always do your research this is not financial advice.
Do hit the like button if you want me to post more!
Thank you
PEACE