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Bitcoin is still running, but it is close to its important resisWe are on the last day of the second month of the year, that is, the closing of the Bitcoin monthly candle. In the technical analysis that we presented today of Bitcoin, we have a look at the monthly candlestick and the important monthly resistance of Bitcoin and what should be done with this resistance. Bitcoin continues to flow and yesterday in the analysis we said that the closing hours of a time can always be associated with extreme volatility, and this can exactly apply to the monthly candle as well.
by karaco2022
78k: New ATH aheadBitcoin is pumping heavily since a few weeks and many traders are wondering when the next correction will happen. I expect a minimum target of 63'000 US-Dollars before a bigger correction. More likely from my point of view is a new ATH around 78'000 Dollars. This might happen close to the next halving in April when everyone expects a pump due to the event. But in reality, BTC will do the opposite and experience a 50-62 percent correction to around 58k and below. This would present a nice long opportunity. Once correction is done, BTC will pump heavily towards 6-digits. Thats what I think. Please let me know your thoughts. Best, Don Krypto
by DonKrypto
BTC/USDT BinanceBTC/USDT Binance 4H hollow candlesticks After a price rise of +25%, a Fibonacci channel has formed, combined with an Ascending triangle. As there are also new Support & Resistance points. From here, we can conclude the following: At the end of the Ascending triangle, there will be a price break out. The price must break the golden ratio of the Fibonacci channel so that moves to higher levels. We can see a hypothetical price future move from a repeated previous move (Bar Pattern / Fractal) from early November 2023. It is worth noting that the volume has increased significantly. Market Cap: $1.65T -0.04% 24h Vol: $45.94B -7.70% Dominance: BTC: 52.3% ETH: 16.3% Good Luck #CryptoHellas Team
by CryptoHellas
BTC BITCOIN Technical Analysis and Trade Idea#BTC's recent bullish run has been noteworthy. However, I'm watching for a potential buying opportunity if we see a decisive retracement down to the 61.8 Fibonacci level. A subsequent retest and failure of a range at the low around the current support level formed during that pullback would provide a strong entry signal for #Bitcoin. As always, it's crucial to remember the inherent risks of trading. Conduct your own thorough research, factoring in fundamental market drivers and the broader macroeconomic landscape alongside your technical analysis. Never neglect sound risk management strategies to protect your capital. Disclaimer: This analysis offers a technical perspective on BTC and should not be taken as investment advice. Tailor your trading decisions to your specific risk tolerance, informed by comprehensive market research and a holistic assessment of all relevant factors.
OANDA:BTCUSDLong
by fxtraderanthony
BTC BITCOIN Technical Analysis & Trade IdeaBitcoin (BTC) has enjoyed a robust bullish run, but recent price action on the four-hour 4H chart indicates potential weakness. Since February 13th, BTC has entered a sideways consolidation phase. I'm anticipating a sell opportunity should we observe a decisive break below the current range low, followed by a retest and failure of that level. Potential targets for this trade would align with prior swing lows. It's imperative to emphasize that trading carries inherent risk. Before executing any trades, it's vital to conduct your own extensive research. Consider both fundamental market drivers and global macroeconomic conditions alongside your technical analysis. Always implement sound risk management practices to safeguard your investment. Disclaimer: This analysis presents a technical viewpoint on Bitcoin. It should not be interpreted as investment advice. Base your trading decisions on your own risk profile, comprehensive market research, and a thorough assessment of all relevant variables.
OANDA:BTCUSDShort
by fxtraderanthony
2
And still falling until the newsIn the daily analysis of Bitcoin, we have a look at today's important news that has the possibility of extreme fluctuations in the market. This digital currency, due to the pumpy growth it showed in the last week, now has the possibility of correction. Considering that we are in an important resistance range, maybe if you are a risk taker, it is better to stay away from the market for a few days until the task of this resistance range for the leader of digital currencies is determined, because we have reached the weekly resistance and the possibility of the failure of the fake ascending channel in the weekly time It will not be far from the expectation. Today, we have important news at 17:30 and 18:30, on the other hand, Bitcoin will reach an important support range, so we can hope for the growth of Bitcoin and enter with risk to a good reward as stated in this video. But in the daily time, according to today's analysis, there is still a risk of falling
by karaco2022
1
BTC BITCOIN Technical Analysis and Trade Idea (video)This is a full video explanation of my previous post. #BTC has encountered substantial resistance at both weekly and monthly (1W/1M) timeframes. The 4-hour (4H) chart reveals sideways price action and a formation of a lower high, indicating potential bearish pressure. Expect a retracement targeting the 61.8% - 78.6% Fibonacci zone, derived from a significant daily swing low to swing high. Trade Suggestion: - Monitor for signs of a bearish shift in the trend on the lower time frame to confirm the retracement. - Consider short positions upon breakdown from the current range, targeting the Fibonacci zone. - Stop-Loss: Implement a carefully calculated stop-loss above the recent swing high to manage risk effectively. Disclaimer: This analysis is offered for educational purposes only and should not be interpreted as direct financial advice. Always conduct your own thorough research and implement sound risk management practices before initiating any trades.
OANDA:BTCUSDShort
by fxtraderanthony
BTC BITCOIN Technical Analysis and Trade Idea#BTC has encountered substantial resistance at both weekly and monthly (1W/1M) timeframes. The 4-hour (4H) chart reveals sideways price action and a formation of a lower high, indicating potential bearish pressure. Expect a retracement targeting the 61.8% - 78.6% Fibonacci zone, derived from a significant daily swing low to swing high. Trade Suggestion: - Monitor for signs of a bearish shift in the trend on the lower time frame to confirm the retracement. - Consider short positions upon breakdown from the current range, targeting the Fibonacci zone. - Stop-Loss: Implement a carefully calculated stop-loss above the recent swing high to manage risk effectively. Disclaimer: This analysis is offered for educational purposes only and should not be interpreted as direct financial advice. Always conduct your own thorough research and implement sound risk management practices before initiating any trades.
OANDA:BTCUSDShort
by fxtraderanthony
5
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.
OANDA:BTCUSDLong
by fxtraderanthony
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 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
Is it flight time?Today we start the daily analysis of Bitcoin with patterns. This digital currency is facing the possibility of growth in the next 24 hours according to technical analysis. On the other hand, due to the formation of the head and shoulder pattern in the hourly time and the corner pattern in the 4-hour time, there is a possibility of more growth for this digital currency. We examined the important support and resistance ranges in this analysis at different times
Long
by karaco2022
2
The possibility of growth after the news? Caution is necessaryIn the daily Bitcoin analysis, we said that today we have important news for Bitcoin, so be careful with your transactions at this hour. According to the news, we determined the important support and resistance ranges and also reviewed the possible movement again in the daily time. In 15 minutes, we have a look at the failure of Bitcoin's upward trend and the possible movement that is likely to happen in the coming hours. Also, we determined the possible movement and support range for this digital currency in 4 hours
by karaco2022