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Btctrend

Bitcoin Approaching Critical Support: Prepare for a Big MoveBitcoin is entering a decisive phase this September, with a Descending Broadening Wedge pattern forming on both the weekly and daily charts. This pattern typically signals potential volatility, and we are now approaching the descending support trendline, which also aligns with the wick from the sharp price dump on August 5th. This region, around 48K, is likely to be tested in the coming days as the market seeks to sweep liquidity. Key Support Zones to Watch: Crucial Support Zone 1: The first line of defense. If Bitcoin holds here, we could start seeing signs of bullish momentum returning. Crucial Support Zone 2: A deeper level of support. Breaking below this zone could lead to a more extended bearish trend. In the event that these levels are broken and confirmation bearish candles start forming, we could see Bitcoin testing 42K, 40K, and even 36K in the weeks ahead. However, if Bitcoin holds these zones and begins to print higher highs (HH) and higher lows (HL), it would be an early sign that the downtrend might be over. Also an important element in this setup is the 100-day EMA, which aligns perfectly with Crucial Support Zone 2. This adds a layer of confidence that the price may find strong support here. The confluence of the 100-day EMA with this key support level suggests that a touch of this zone could trigger the next major move, potentially kickstarting a rally. Strategy for Traders: Swing Traders/Spot Traders: Pay close attention to the support zones, as these levels could present excellent buying opportunities. A bounce from these areas might indicate the start of a new rally, so it’s time to prepare and fill your bags. Scalpers: Be mindful of the resistance zones. The price may spike slightly before retesting lower levels, providing potential shorting opportunities. Watch closely for a "soft" or "hard" landing around 50K-48K. Caution: Bull Trap Alert If Bitcoin encounters a pump in the near term, be cautious about falling into a bull trap. All signs currently point to a retest of the 50K and 48K zones as highly probable, so don’t get caught up in premature optimism.
by MadeByAK
#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 #swingtrade #shortterminvestment #ALTCOIN #Cryptotading #cryptoinvesting #investment ##trading #cryptocurrencytrading #bitcoininvestments #Investing_Coins #Investingcoins #Crypto_investing #Cryptoinvesting **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR **** #bitcoin #BTC #BTCUSDT
by Crypto_alphabit
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. ---------- 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 ---------- 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. ---------- 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.
COINBASE:BTCUSDLong
by RILOBUYLOW
2
BTC BITCOIN Technical Analysis and Trade Idea👀 👉 In this video, we explore BTC, which has recently exhibited bearish momentum with a break of structure on the 4-hour time frame. The pair has pulled back and is now retracing into a critical resistance level. I see potential for further downside and am closely monitoring whether the price holds below the current range low. If a breakout occurs, I plan to enter a sell position, as explained in the video. However, if the price action doesn't align with the discussed setup, there will be no trade. It's essential to understand that these insights are speculative and not guaranteed predictions. Confirming specific price actions before entering any trades is crucial, as emphasised in the video. The analysis offers an in-depth look at the current trend, market structure, and price behaviour. Remember, this content is for educational purposes and does not guarantee success. Trading involves significant risks, so always implement strong risk management strategies. 📈✅
FOREXCOM:BTCUSDShort
by fxtraderanthony
2
Bitcion FIB Retracement LevelsMy dear friend and fellow trader, I am writing to you today with great joy and pleasure. We are currently looking at what can only be described as the most interesting, intriguing, and surprising technology of our time. This is the chart for Bitcoin. 1) Since March, BTC has been experience lower highs, as well as lower lows. 2) Since March, the highest volume in a single session has resulted in major selling. 3) Since March, there has been strong selling pressure each time Bitcoin tried to move up, and 70K became a major barrier in late July while 65K ended as the latest lower high.
Long
by Forexcryptowithjohn
Is my analysis correct about bitcoin- Fx Dollars - {31/08/2024}Educational Analysis says Btcusd Bitcoin may move in this range 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. Why this range? Because the 1-week time frame is bullish and breaks the previous higher time frame highs. Let's see what this pair brings to the table for us in the future. Please check the comment section to see how this trade turned out. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BITSTAMP:BTCUSDShort
by VishalBudhrani
BTC to hit 56k soonIn this video, I dive deep into liquidity zones and explain why they are crucial for our trading strategy. I'll also review what has happened in the markets since my last video and analyze the key developments. We’ll explore what to expect next, looking at potential scenarios that could unfold. Finally, I’ll highlight some potential targets to keep an eye on in the coming days or weeks. Make sure you don’t miss out on any important insights—subscribe to the channel for more analyses!
by SerenityEquity
BTC BITCOIN Technical Analysis and Trade Idea👀👉 I'm keeping a close eye on BTC right now. We’re seeing a market structure break with a higher high on the chart, along with the potential formation of a base that could lead to further upward movement. If market conditions align as discussed in the video, I'll be considering a buying opportunity. This analysis focuses on key aspects of technical analysis, such as trend identification, price action, and market structure. We’ll also discuss a potential trade setup and examine strategies that could increase the chances of success. Please keep in mind that this analysis is for educational purposes only and should not be taken as financial advice. The observations are speculative and do not guarantee future market outcomes. It’s important to verify current price actions before making any trading decisions. This presentation provides a comprehensive review of the current trend, market structure, and price dynamics. However, it's important to recognize that while the information is educational, it does not guarantee trading success. Trading in the foreign exchange market carries significant risks, and we strongly advise using sound risk management techniques in all your trades. We encourage you to do thorough research and carefully consider all factors before making any trading decisions. Stay informed, exercise caution, and approach the markets with a well-thought-out strategy. 📊✅
FOREXCOM:BTCUSDLong
by fxtraderanthony
Bitcoin's Wobbly Recovery: Death Cross Looms LargeBitcoin (BTC) has experienced a rollercoaster ride in recent days, with a 4% price rebound following a sharp decline that sent shivers down the spines of investors. The digital currency's volatility has been exacerbated by the ominous specter of a "triple death cross," a technical indicator that often precedes significant price drops. The triple death cross occurs when three key moving averages converge, signaling a bearish trend. While not a definitive predictor of market movements, it has historically been associated with downturns. This technical pattern, coupled with negative funding rates and a general risk-off sentiment among traders, has fueled concerns about a potential plunge below the critical $50,000 level. Funding rates, a measure of market sentiment, have dipped into negative territory, indicating that traders are increasingly bearish on Bitcoin's short-term prospects. This pessimism is likely influenced by a combination of factors, including macroeconomic uncertainties, regulatory concerns, and the overall crypto market's volatility. Despite the recent price recovery, Bitcoin's inability to capitalize on positive news, such as strong economic data, has raised eyebrows among analysts. Some experts believe that the cryptocurrency's underperformance compared to other assets like gold highlights a broader loss of investor confidence. However, not all analysts are convinced that a catastrophic price drop is imminent. Some point to Bitcoin's historical resilience and argue that the current weakness could be a buying opportunity for long-term investors. They emphasize the importance of maintaining a long-term perspective and avoiding panic-selling. As the crypto market remains highly volatile, traders and investors alike are closely monitoring Bitcoin's price movements. The formation of the triple death cross and the accompanying negative sentiment have undoubtedly created a challenging environment, but the ultimate direction of Bitcoin's price remains uncertain. Only time will tell whether the digital currency can weather the storm and resume its upward trajectory or if it will succumb to the bearish pressures and plunge below the crucial $50,000 support level. Disclaimer: This article is for informational purposes only and does not constitute financial advice. It is essential to conduct thorough research or consult with a financial advisor before making investment decisions.
BITSTAMP:BTCUSDShort
by bryandowningqln
6