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Are you ready to Short Bitcoin Yet? {11/02/2024}Educational Analysis says BITCOIN BTCUSD may go short selling for some time according to my technical. Broker - Bitstamp This is not an entry signal. I have no concerns with your profit and loss from this analysis. Because from past week bitcoin has just pumping up to collect Sell Stop hunt from retail traders. I think it's high time for bitcoin to go short!. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BITSTAMP:BTCUSDShort
by VishalBudhrani
9
BTC BITCOIN Technical Analysis and Trade Idea#Bitcoin Technical Analysis ⚫ Key Market Observation: Bitcoin #BTC has reached a significant resistance level on the monthly timeframe. Historical price action demonstrates consistent rejection at this level. ⚫ Anticipated Market Behavior: Given BTC's overextended state and recent strong bullish momentum, a retracement is likely. ⚫ Optimal Entry Strategy: Target a potential buy entry near the 61.8% Fibonacci retracement level. ⚫ Trade Setup: Seek a daily timeframe price swing aligning with the 61.8% Fibonacci retracement. Place a stop-loss order below the previous swing low. ⚫ Risk Management: Maintain a minimum risk-reward ratio of 1:2. Important Disclaimer: This analysis is intended for educational purposes and does not constitute financial advice.
OANDA:BTCUSDLong
by fxtraderanthony
1
BTC BITCOIN Technical Analysis and Trade IdeaRecently, Bitcoin has experienced a period of consolidation within a specific price range, punctuated by occasional spikes that have targeted liquidity. In the video, we analyze the daily time frame to gain insight into the broader context. We examine the market's trend, structure, and price action, exploring a potential trade opportunity. It's important to note that the information provided is for educational purposes only and should not be interpreted as financial advice.
OANDA:BTCUSD
by fxtraderanthony
BTCUSD - DAILY SHORT STRUCTURE (TARGET 34K)8 Step Analysis: 1) Price broke out of its bullish continuation structure and pursued its rally onwards. 2) A range was formed following the breakout which accentuated the anticipation of the Bitcoin Spot ETF approval by the SEC. 3) This anticipation was shown by leveraged longs that increased open interest through the roof obviously giving a lot of liquidating manipulation opportunities to market makers. You can see this with the multiple false breaks, liquidity grabs, resistance retests, etc (whatever you want to call it, it's all the same thing)… 4) Price retraced back into the range after breaking buyside which is crucial info. I think whales are already in their comfortable shorting pants ready to watch retail scatter in confusion. 'Why would BTC crash?! The ETF was approved!!!' Well they control the narrative and therefore what you think (except if you are one of the rare few in the crypto sphere with a sense of critical thinking). 5) One last bounce higher to build back hopes one last time just to liquidate more longs on the painful way down (or pleasureful way down if you also put on your comfortable shorting pants). 6) The descent should have started (at this point this may be far fetched to try and predict days or weeks in advance but let's try) and sellside should be taken out. 7) The last piece of liquidity I am interested in is below the (1) breakout structure (I refuse to call it a triangle lol). This to me really represents a juicy price to actually start building a serious swing position. 8) The trend continuation.
BINANCE:BTCUSDShort
by Lexi_Is_Trading
7
Alleyz Bitcoin Analysis[24.1.23 Tue AM 8:07 UTC-0] BINANCE:BTCUSDT.P Main Technical Trading Method - * Dow Theory - Have to breaking out high point or breaking down of low point * Average True Range - Volatility * MACD - Convergence and Divergence of Between12MA and 26MA * Stoch RSI - Relatively Low Point Timing and Relatively High Point * Bollinger Bands - Using STD3 and Price boundary have to in that area * Stock to Flow Model - Valuation of Bitcoin * Fibonacci - Primary Level Point * Fixed Range Volume Profile - Primary Point of Control Main View - * Fibo Tracement - 0.382 - 39.7K 0.5 - 36.9~37K 0.618 - 34.1K After SEC has agreed Bitcoin ETF, Prices are complicated and Players sell what they have before From Now on, The Bitcoin Price touched Top of Up Channel that level is also 0.382 Fibo Level We have to check if it supports 0.382 level, you can think pull-back of Motive Wave (Long Positioning Mind) but, it breaks down level and goes to lower level of Fibo(Short Position Mind), you can think that pull-back of the Wave has not finished Strategy 1 -> after Fibo Retracement 0.382 and Re-Going up at least 49K Strategy 2 -> Fibo Retracement 0.5(36.9K) , 0.618( 34K ) and Power Resistance Level ( 31.5K ) Support and Resistance Level * Resistance Level Power Layer - 40.2K ~ 40.5K * Support Level Power Layer - 31.5K ( It's -31% draw down after 49K, Up Channel Bottom ) Strategy 1 - After Checking that Price goes resistance level of Power Layer and assuming that it's pull-back last level is 0.382, you can take Long position at 39.7K * Trading Set up Risk / Reward Ratio = 15 ~ 20 15% ~ 20%(49K) , Loss - 1% (0.382 Fibo Support Level) Adjust Trailing Stop 2% after it is higher than 9% Strategy 2 - Assuming that you just think there is still room for Short Trend, We can take Short Position at Breaking down of 0.382 Fibo Level ( 39.6K~39.7K) * Primary Fibo level 0.5 - 36.9~37K 0.618 - 34.1K * Trading Set up Risk / Reward Ratio = 7 ~ 14 Profit - 7% ~ 14% , Loss - 1% Adjust Trailing Stop 2% after it is higher than 4% My Trading Set up I'll do Long Position which Strategy is Number 1, but if it touches stop loss, Than i'll re-think of My Strategy This is just My Strategy about BTC/USDT.P You just use one of the References of Analysis Good Luck Guys!!
Long
by Spatial_Trading
$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