BTC is under pressure and falling
Today, the daily level of the big cycle closed with a small positive line yesterday. The K-line pattern is continuous yin and yang. The price is below the moving average. The indicator in the attached picture is running downward. There is still a need for a retracement of the current price. The low point is in the 64400 area. , the high point moving average resistance position is near the 70,000 area, which is the price range point of today's focus; the short-period hourly chart yesterday's European trading time prices slowly rose and rebounded, the US trading continued without breaking high, the price retreated under pressure in the early morning, and opened today The support has rebounded, and it is currently testing the high resistance position, so don’t worry today. It is better to wait for the rebound to come under pressure before entering the market. Therefore, today’s BTC trading strategy: counter-draw short in the 70000 area, stop loss 70700, and target 68000-65000.
Btctrend
The correction phase of Bitcoin after Bullrun. My plan of actionMy strategy is in the Bitcoin price correction phase after the euphoric bull run amid the adoption of Bitcoin ETFs. In a calm news environment on the stock market, I expect to see a rebound from the 0.382 level, in this area there is a GAP in prices and an imbalance in the same area. Given the tense situation in the economic space, I expect a breakout of 0.5 Fib level.
Bitcoin's Evolution: Riding the Waves of Market TrendsIn the dynamic realm of cryptocurrency, Bitcoin (BTC) continues to evolve, shaping and reshaping market trends in unprecedented ways. As the pioneer of decentralized finance, Bitcoin's journey remains a captivating saga, marked by volatility, innovation, and transformative potential. Amidst regulatory scrutiny, technological advancements, and shifting investor sentiment, Bitcoin's resilience shines through, reaffirming its status as the digital gold standard. Whether navigating bull runs or weathering market corrections, Bitcoin's influence on the broader crypto landscape remains undeniable, driving conversations and inspiring new paradigms in finance. In the fast-paced world of digital assets, Bitcoin's evolution stands as a testament to the power of innovation and the enduring allure of decentralized finance.
BTC Level of interestI wasn't posting updates on BTC because i was waiting the price to stabilize. I am still holding my short trades with an average entry price of $61.000 USDT. Finally BTC is slowly retracing, and this is good. Slow retrace are important after a strong bull run. I have only two levels of interest here: $56.000 and $52.500. I expect the price to get there and probably bounce back. Invalidation clean break below $50.000
BTC Bitcoin Technical Analysis and Trade IdeaBitcoin BTC has been on a strong bullish run with quite a deep pullback. In the video we discuss two trade ideas one looking at the current retrace, and the second idea is a potential buy opportunity. We discuss the trend, price action, market structure a trading strategy. As always the information herewith is for educational purposes only and not to be construed as financial counsel.
BTCUSD We still in bullishHi welcome to my analysis,
If we look at 4 hours timeframe, bearish today only a correction wave, and BTC still inside expanding channel up.
Right now we have fibonacci support zone at $66.519 to $64.735 to hold bearish , If this support broken down,
we still have channel up support at $59.218
If this support able to hold bearish, My target at $75.055 previous high and maximum target at fibonacci 1.618 projection at $79.801
Warren Buffett : “Be fearful when others are greedy, and be greedy when others are fearful.”
Happy Trading,
May profit be with you
Let's RIDE the oldman - it's safe and fun!YES I know that some of u are spoiled enough to think somethin' bawdy-obscene but Im decent and almost sinless (NO IM NOT) ;)
ANYWAY
Behold the fruits of the mental labors of the Lady of graphs, OLDSTER himself will bow to my analysis! (hysterical laugh)
I think (and I know) that we are entering the era of wave 2 of major degreez, my greedy friendz
AND AZ ITS an Endin' Diagonal, IT CAN HAVE A ZZ STRUCTURE ! Its SOO important as u can even imagine.
THEREFORE
we can't foreseen 1-3-5 structure, coz it iznt there! just ABC(containin' 1-3-5+bundle+1-3-5)-XWY-ABC-WXY-ABC! And it will be the Wave 5! TADAAA
and BTW the zones that I have drawn correspond to the values where the price will go, you can use this as a roadmap
AND AZ A REZULT OF THIS
I'm putting forward my idea of BTC-usdt movement, I will update it, perhaps.
Just remember and I please u: BOOST da button if u UNDERSTAND my idea. if u just like it - don't, just cloze it and do smthn' else.
I know! if u like my ideaz - spare some coin so I can EAT some food :(
BTC will fall today
Hello everyone. Bitcoin approached the previous high again yesterday, but the closer it gets, the greater the pressure, so it is not recommended to continue to be bullish here for the time being. If it continues to be under pressure today, it is not ruled out that it will fall back and wash the market again, so I will consider selling at a high level.
The main reason for today's rise and fall is that Bitcoin's daily five-wave rise is more likely to end, and it may be in the midst of a new round of A-wave fallback adjustments. Bitcoin’s pressure level is 68100~68800, and its support level is 64700~62600; Ethereum’s pressure level is 3950~4140, and its support level is 3840~3800.
Bitcoin operation recommends selling at 67600, stop loss at 68200, and target 65600~64700; if the suppression fails here, you can consider selling at 68800, stop loss at 69400, and the target is the same as above. Ethereum operation recommends buying at 3855, stop loss at 3800, target 3950~4000
BTC continues to rise by 80,000?
Bitcoin approached its previous high again yesterday, but the closer it gets, the more pressure it becomes, so it is not recommended to continue to be bullish here for the time being. If it continues to be under pressure today, it is not ruled out that it will fall back and wash the market again, so I will consider selling at a high level.
The main reason for seeing the rise and fall today is that Bitcoin’s daily five-wave rise is more likely to end, and it may be in a new round of A-wave fallback adjustment. Bitcoin’s pressure is 68100~68800, and its support is 64700~62600; Ethereum’s pressure is 3950~4140, and its support is 3840~3800.
Bitcoin operations suggest selling at 67600, stop loss at 68200, target 65600~64700; if suppression fails here, consider selling at 68800, stop loss at 69400, target the same as above. Ethereum operation recommends buying at 3855, stop loss at 3800, target 3950~4000
#BTC/USDT lONG
#BTC
took a breather last night, but don't sweat it! This pullback is just a bump in the road, and the trend is still pointing upwards.
The price is chilling below $43,700 for now,
but I'm expecting a rocket launch soon. Buckle up,
next stop $45,300, and if that goes smoothly,
$47,500 is calling our name!
Scalping Idea For Trading Bitcoin today {10/03/2024}Educational Analysis says BITCOIN BTCUSD may move in this range for some time according to my technical.
Broker - bit stamp
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the 15-minute time frame has made Change of Character show signs of weakness of the bull run, maybe head short selling for discount level in 4 hour time frame, plus 1 min time frame has turned bearish also has Change of Character look on
So I will be trading this pair for a 1:15 risk-reward ratio for short selling.
Let's see what this pair brings to the table in the future for us.
Btc Short at 69,196
Stop loss at 69,556
Take profit at 63,409
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.
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.
Every Fair Value Gap & Volume Gap For Bitcoin {10/02/2024}Educational Analysis says BITCOIN BTCUSD may move in this range for some time according to my technical.
Broker - Coinbase
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because I think It's going to be short selling for Bitcoin this year or up to the end of this year, There is a lot of liquidity as fvg & volume gaps to the downside.
Bitcoin Institutional traders have built a lot of liquidity when the price was very low, I think it's time to collect it and after that go for an all-time high.
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.