Btctrend
Possible scenario Bitcoin BTC price movement for February 2024In February, trading in the BTCUSDT pair started at around $42,000.
This value is approximately in the middle of the trading corridor with critical limits of $39000-39500 and $44250-44750
If you look at the left corner of the chart, you will see a table that shows that statistically, February is "green" for the BTC price
Only February 2020 "subtly hinted" at how tough March 2020 will be. Those who survived this period with their deposits definitely got goosebumps at the mere mention of it...)
And yet, it was exactly 4 years ago, before the previous "BTC halving"
We have depicted the approximate possible movement of the BTCUSDT price for February on the chart. Particular attention and important trading decisions will need to be made when the Bitcoin price is near the critical limits of $39000-39500 and $44250-44750
What is your bet? Will February be green or red? Where will the BTCUSD price go to 52000 or 32000?
Write everything in the comments!
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.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Followed thru on bullish pin bar - Given resistance came in effect at $51,630 and built support over it beautifully, same support in effect currently, $52,527 resistance testing, RSI on 1D and 4H in overbought region, next resistance areas $52,932, $53,672, $54,129, $54,772, and $55,901.
$BTC Daily updateCRYPTOCAP:BTC #BTC Called it almost 6 hours before, bearish divergence played out on 4H and given support at $48,644 came in effect, $49,734 resistance testing as of now, RSI back below overbought thanks to the correction here and managed to keep the progress nicely, Bullish pin bar on previous daily close if followed thru next S/R area expected at $50,579 / $51,630, some resistance at $52,932-$53,672.
BITCOIN $BTCUSD - Nov. 20th, 2023BUY/LONG ZONE (GREEN): $35550 - $49240
DO NOT TRADE/DNT ZONE (WHITE): $30320 - $35550
No sell/short zone shown.
The market has a clear bullish sentiment and I would not look to enter shorts here. I've drawn the levels and zones (from the daily and weekly frames) that I would look towards when entering. Price reaction to these areas would be significant in determining the trend. Recently BTC has shown strong bullish momentum in respect to the most recent level/zone break. The current test on the next level is the third one in less than two weeks. Although there is resistance to the level, there have been no large structural breakdowns and entering into the third test we see support on the 4H level combined with an ascending triangle.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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.
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.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $44,860 resistance testing. Amazing break from $43,145 key resistance, RSI on 1D looking good, next resistance area to watch at $45,622-$45,876, $44,860 support crucial to hold as this will help reattempt at $47,232 key resistance. $44,174 current support yet to be tested
BTC Possible next movesFirst of all, this is not a long ideas. I am not entering long, actually i am 100% out from BTC. I am waiting to enter short at the red line, and i think we will see soon a pump till that zone. Bitcoin is ranging from some days and small investor are starting to loose their patience. I expect a strong upside moves, reaching 45k, then a quick and strong drop till $40.800.
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.
BTC Weekly planPlan for this week on BTC. I will wait one of my two orders to get triggered: short limit at $45.000 or buy limit at $40.500. I think we will trigger the buy limit first, and in this scenario i think it will be just a scalp trade. If we trigger the short limit first, i will hold this trade for long term targeting $37.000