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BITCOIN: STILL HOLDING ON.Bitcoin is currently maintaining support around the $43,000 level, but the uncertainty in the market raises questions about how long this support-resistance pattern will persist. As we approach the end of the year, here are some key observations providing insights into the potential upcoming movement: 1. In early December, Bitcoin faced resistance at $44,000 and experienced a subsequent decline to $40,000 (-10%). We can see the same struggle at present. 2. The Relative Strength Index (RSI) is showing signs of losing momentum, suggesting a bearish sentiment. 3. The USDT Dominance remains firmly supported at 5.6%. 4. To signal a bullish trend, Bitcoin needs to successfully close above the $44,400 resistance in the daily timeframe. In conclusion, considering the approaching Christmas Eve, which coincides with the weekly close, it is advisable to reduce trading stress meaning 'No leveraged positions', and enjoy your Christmas with friends and family. We will be posting updates related to the market so keep your notifications turned on. Happy holidays. Regards, Team Dexter.
BINANCE:BTCUSD
by Dexter_The_Trader
4
Probability of growth after a correctionIn this analysis, we had a look at the Bitcoin trend in 4 hours and analyzed the next move in this analysis. Also, in the hourly time, we examined the important ranges of support and resistance and the possibility of safe movement and entry for this digital currency according to technical analysis. Given that Bitcoin is at the bottom of its 4-hour ascending channel, we can consider the possibility of growth to be stronger. On the other hand, due to the closeness of the important support ranges, we should consider two steps to enter, which we have provided full explanations in this video.
Long
by karaco2022
1
BITCOIN: A REJECTION OR A BREAKOUT?Hello traders, BTC failed to break above the $44k once again. Does it mean there's no hope for a breakout? Well, to answer that let us dive deeper into this analysis. - The $44k has become a strong sentiment for BTC; somehow, it fails to break and close above this resistance again. - If a rejection is repeated then $40.5k to $40.8k will once again be a strong support but before reaching that low, BTC will be holding another support between FWB:42K to $43k. - Talking about the breakout, BTC has a lot more to offer in this bull run. It doesn't matter if BTC gets rejected again, I would consider it as a good opportunity to accumulate more. Do you remember when $30k was a strong sentiment for BTC, we all expected a breakout above the $30k resistance. The same thing with $44k, sooner or later we will see a breakout. That's it for now. I hope you find this post helpful. Christmas Eve is 4 days away, so have a great time with your friends and family. Don't take a lot of trading stress. Together we will make it big. Regards, Team Dexter.
BINANCE:BTCUSD
by Dexter_The_Trader
#BTC/USDT#BTC Bitcoin price is still moving in the Side channel it is expected to walk through. Price now 38088 $ The price is expected to bounce to the lower border of that channel at the price of 28,329 and bounce from it in the channel's income for a period of time before completing the rise by breaking that occasional channel to the level of 68,000 What I expect next Between Jan to March 2024 Until then, the price is expected to respect those accidental powers. Place buy and sell orders with Stop Loss Take advantage of rebound zones, whether up or down I wish you a happy trade.
Short
by CryptoAnalystSignal
7
Movements to attackIn this analysis, two long and short positions are specified for risk-averse friends. Bitcoin is in a falling trend in hourly time, so we can consider the possibility of further falling for Bitcoin, but according to the divergence, there is a possibility of a one percent growth for Bitcoin, in which case it will reach an important target. If this resistance is broken, a head and shoulder pattern will be formed and we can hope for a 4% growth for Bitcoin, but this growth requires the breaking of this resistance range.
Long
by karaco2022
2
#BTC/USDT #BTC Bitcoin is trading in an upward trend to the 37000 $ level. After the price broke the 27,800 $ level, which is a strong resistance level. Once it was breached, the price went up after the bearish flag breached the major one. We expect the price to rebound to test the 27,800 $ level to 31,000 $ again and proceed sideways at those levels until the beginning of 2024. It is expected to break the 37,000 $ level, heading to the 68,000 $ levels, in the period from April 2024 to June 2024. All of this is supported by significant momentum on Bitcoin. A lot of positive news in the coming period I hope the analysis helped you.
Long
by CryptoAnalystSignal
Bitcoin marking its way to $48k.Dear traders, I hope you all are doing well. I bring you a brief BTC analysis on a 2-day timeframe chart. Recently, BTC experienced a dip, touching close to $40k, but it swiftly rebounded to $44k. Based on the current BTC movement, there's a likelihood of it reaching around $48k. However, considering the RSI level, it's crucial to stay vigilant for a potential downturn. I've identified $47.8- FWB:48K as the current resistance and $40.8k as the support. Share your thoughts on BTC's price in the comments. Best regards, Team Dexter.
BINANCE:BTCUSDLong
by Dexter_The_Trader
BTC/USDT BinanceBTC/USDT Binance 4H Hollow Candlesticks As the bull run continues, a parallel bullish channel has formed. If the price break out this channel, a new TA is needed. A Rising Wedge has also been formed, where the rule says that is generally a bearish signal as it indicates a possible reversal during an uptrend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line. The Support and Resistance areas are also clearly visible. The Support point is quite strong and is based on the Golden ratio extension of the Fibonacci Retracement . Through a previous repeated movement that has been resized ( Bar Pattern ), we can assume a future movement of the #BTC price. Market Cap: $1.43T +0.89% 24h Vol: $54.15B +34.84% Dominance: BTC: 51.5% ETH: 17.5% Good Luck #CryptoHellas Team
by CryptoHellas
1
SasanSeifi 💁‍♂ BTC/USDT 4H🔹 as you can see, after a bit of back-and-forth around the resistance zone, the price took a bit of a breather and is currently hanging out in the $36,400 range. No major trend shift is happening – it's more of a side-to-side dance at the moment. Here's the scoop: If the price manages to chill between $36,000 and $35,500, giving us a nod with positive vibes, we might see some good moves ahead. Now, keep an eye on how the price reacts around those support zones for a better feel of where it's headed. On the flip side, if the price decides to dip below $35,500 and hangs out there, brace yourself for a potential medium-term correction down to around $34,000 and maybe even down to the liquidity Void at $32,000. Stay tuned for the market's next move!! 📈✨ 🟢 Keep in mind, it's essential to perform your own analysis and take into account additional factors prior to making any trading choices. Best of luck! ✌️ ❌ (DYOR) Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
by SasanSeifi
Bitcoin (BTC) Short SetupOKX:BTCUSDT.P Short 1W Rising wedge + Entrance 31745 = Exit 18475 I am interested in your opinion on this algorithm of actions deposit 20% of asset order 20% of deposit leverage ×20 cross margin take profit 25+-% of order stop loss 5+-% of order day loss 1% of deposit RR 1 to 5 Entry on negative news background + At negative mood of trendsetters + No nearby reports, speeches + Bearish chart and candlestick patterns + A pool of indicators signalling a downtrend #DYOR
CME:BTC1!Short
by FelixVexelman
BTC/USDT BinanceBTC/USDT Binance 1H Hollow Candlesticks Since the price broke the parallel ascending channel, we saw a rise of around 40%. Currently, the Support level is predicted by the extension of the golden ratio of a Fibonacci Retracement and the Resistance level is at 38K. Also, an ascending triangle has been formed, where the rule says that since the price entered from below, at the end of the triangle, the price will move up. From an imprint of a previous movement (Bar Pattern / Fractal) we can theoretically assume a future movement that the price of Bitcoin will follow. Market Cap: $1.42T +0.70% 24h Vol: $57.41B -27.66% Dominance: BTC: 51.0% ETH: 17.5% Good Luck CryptoHellas Team
Long
by CryptoHellas
2
BTC rising wedgeBTC UPDATE: BTC is currently forming rising wedge on 4hrs TF which is bullish channel and still in uptrend on 4hrs TF in as much we are holding 35.6k 4hrs bullish OB strongly….. In as much BTC holding the support at 35.6k strongly on 4hrs TF we are good but any break of the bullish channel and break of previous lower low at 34458 will trigger the price to daily support at 31857.8 where the imbalance is so be careful and watch the BTC PA here….. Expected price if 31.8k can’t hold after break of the bullish channel will be 28.8k, 26.4k and 25k but if we bounce with good volume from 31.8k means 40-45k should be expected… Stay safe and watch the PA before making new move Follow for more market update
by MICHELXM