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BTC/USD 4H Short Trade Setup: Anticipating a Momentum ShiftThe trade seems to be based on a potential rejection or weakness in the current price action, with targets likely set to take advantage of a downward movhart setup: Analysis: 1. Entry Point: The trade might have been triggered around the current price level, where the market shows signs of stalling or reversing. 2. Stop-Loss: Placing the stop-loss above the recent highs ensures protection against a false breakout or unexpected upward movement. 3. Take-Profit: The take-profit targets could be set at key support levels or based on Fibonacci retracement levels, considering the recent price action. 4. Risk Management: As always, managing risk properly is crucial, so partial profits can be taken along the way, and stop-loss levels can be adjusted to secure gains if the price moves in your favor. 5. Market Conditions: We may stay in a range before the anticipated move happens. This is going to be a short trade, aimed at catching some momentum for the start of the week. I might close it early depending on how the momentum develops, so it’s important to stay flexible and adapt to the market conditions. This trade anticipates a possible range-bound movement before a momentum-driven shift occurs. Given the nature of the setup, it may be a brief trade aimed at capturing the initial momentum of the week. The position might be closed early, depending on how the momentum unfolds. Stay vigilant and be ready to adjust based on market conditions. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
BShort
by AR33_
1
BTC Bitcoin In-Depth Analysis and Trade Idea👀 👉 Navigating Key Market Levels with Bitcoin Bitcoin (BTC) has broken market structure to the upside. On both the daily and 4-hour charts, we see a pullback into equilibrium, offering a potential buying opportunity. In this video, we dive into market structure, price action, and, most importantly, the trend. We also discuss how smart money has been targeting stop losses recently. The goal is to set up a trade that minimizes the risk of a stop run without compromising our risk-to-reward ratio. *Disclaimer: The information shared in this video is for educational purposes only and does not constitute financial advice. Always perform your own analysis or consult a financial advisor before making trading decisions.* 📊✅
Long
by fxtraderanthony
2
BTC: Aiming for $67k-$68k!BTC Update: Bitcoin is moving as expected. Yesterday, it made a sudden drop but quickly recovered. The current price of $58.1k needs to move strongly to continue the rally. The RSI continues to gain bullish momentum and still has room to grow. The target of FWB:67K -$68k remains unchanged. I'll provide updates on the altcoins shortly, so stay tuned. If you have any requests for specific altcoins, let me know in the comments or via DM. Regards, Team Dexter #BTC #CryptoInvestor
Long
by Dexter_The_Trader
BTCUSD: Revisiting 58K, Eyes Still on 61K - 62KGM crypto bro's, this morning the Fear and Greed Index is back in the fear zone, while the stoch RSI seems tired of being overbought and may be dropping towards the oversold area. Looks like BTC is not in the mood to hit 61K - 62K this morning and is just hanging out around the 58K range again 🗿. Based on today’s price action, there’s a possibility of a drop back to around 57K, but the potential pump to 61K - 62K is still our target for now. Remember, the market is dynamic. Don’t be FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always maintain your risk. And as always, that’s the crypto update for today. It’s Akki, signing off with one chart, and have a nice day.
INDEX:BTCUSD
by x_Akki
BTC Bitcoin Chart PredictionIf you haven`t sold the BTC top: Now you need to know that the summer decline in Bitcoin's price, despite multiple ETF filings, can largely be attributed to the massive selling pressure from several key sources like Mt. Gox, Silk Road, FTX, and Germany. This influx of supply overwhelmed the market, and there simply wasn't enough demand to absorb it. I think that the purpose of these ETFs is likely to stabilize Bitcoin rather than drive its price up dramatically. They're designed to bring more legitimacy and structure to the market. As for the technical outlook, the current formation of a falling wedge could indicate a short-term price increase. However, the expected retracement suggests that any near-term rally might be temporary. Longer term, I think Bitcoin has the potential to break higher, especially with more regulatory clarity and broader adoption. Reaching $80K by the end of the year seems possible, but a lot will depend on macroeconomic factors and the broader risk appetite in the crypto space.
by TopgOptions
BTC, When should we expect reversal? FA: The majority of crypto market participants are currently in a depressed mood regarding the medium-term future of the crypto market as a whole. Such behavior of the crowd says first of all that weak hands are not ready to buy now, and the sawtooth movement, which started since March and has lasted for more than 6 months, puts even experienced participants in a stupor, forcing them to close speculative positions, dump risky assets and expect a further decline comparable to the collapse in the spring of 2020. However, a deeper look reveals several significant trends: A drop in the influx of new bitcoins to exchanges. Since the beginning of the year, the number of new coins entering exchanges has been declining. This indicates that professional investors prefer to keep their assets in their wallets, which means they are not preparing to sell. This factor is traditionally considered to be a bullish sign, as a decrease in supply on exchanges may contribute to price growth in case of renewed buying activity. Increased outflow of bitcoins from exchanges. This sign is also positive and confirms the narrative of asset accumulation by smart capital. It can be seen especially well at the moment of price drawdown: during and after aggressive shakeouts, a surge in coin outflows is clearly visible. Despite the globally passive sentiment, the fundamentals of exchange inflow/outflow suggest that strong hands continue to accumulate while the crowd is perplexed by what is happening. Reduced supply on the exchanges and increased demand from large holdings are creating all the conditions for future price gains, our idea is that the market has been in a reaccumulative phase for the past six months. From a technical analysis standpoint , I anticipate a continued downside for BTC. Two potential scenarios may unfold: 1 - Retest of the 4-hour Order Block (OB): BTC could test the 52,000-54,000 range, followed by a gradual reversal, suggesting a more measured recovery. 2 - Retest of the Weekly Fair Value Gap (FVG): Alternatively, BTC may drop to the 47,300-44,000 zone, which could trigger a sharp "V-shaped" reversal with aggressive momentum driving the price higher, potentially towards new all-time highs (ATH). In either case, monitoring key support and resistance levels within these zones will be critical.
Short
by Almenio
BTCUSDT: IDEA THAT MIGHT RESONATE SOONHello All, Welcome to the quick update of BTCUSDT . We have seen BTC touch the levels of $ 52500 and retrace a bit until $ 58000 but couldn't hold it. We can see it dumping and is currently trading around $56100. The next levels to watch out for are $54700 and $53800 . If this holds, we can see BTC pump again and might make a new high in a few months. Support levels: $54700. $53900, $49600 in the long run. Resistance levels: $58027, $61100, $64000, and $72000 in the long run. Let's wait and see how this pans out. Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES !! This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits. Please like, share, and comment on this idea if you liked it. ScramblerG is always there to help and trade with caution but DYOR.
Long
by ScramblerG
BTC/USDT Short Setup on 4-Hour Chart Bitcoin (BTC/USDT) is currently testing a key resistance level, presenting an opportunity for a short trade. The price has reached a significant downtrend line and resistance zone, which could lead to a reversal and continuation of the bearish trend. This setup aims to target the 52K area, where the next major support lies. Technical Analysis: • Resistance Zone: The chart shows BTC testing a critical resistance zone, marked by a confluence of the downtrend line and horizontal resistance. This area has historically acted as a strong barrier, increasing the likelihood of a rejection. • Downtrend Confirmation: The overall trend remains bearish, with the price consistently making lower highs and lower lows. The current setup suggests the potential for a continuation of this downtrend. • Target: The target for this short trade is the 52K area, which aligns with previous support levels and the next logical area for buyers to step in. Risk Management: • Stop-Loss Placement: Place the stop-loss above the resistance zone to protect against a potential breakout and trend reversal. A reasonable stop-loss could be set above the recent highs. • Risk-Reward Ratio: This trade offers a favorable risk-reward ratio, with a significant potential downside if the price rejects the resistance level and continues downward. Market Sentiment: • Bearish Bias: The market sentiment appears to be leaning bearish, with BTC struggling to break through the resistance zone. This sentiment supports the short trade idea. • Watch for Breakouts: If BTC breaks above the resistance level, it may invalidate this short setup, and the market could see a shift in momentum. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
BShort
by AR33_
#BTC/USD ROADMAP to $93000! Stay Strong, Know the Plan!Hello everyone, first off, stay strong—things are going to improve soon! Many people are confused right now and might get liquidated, eventually leaving the market and regretting it later. But not you! You have access to this information. Take your time to read and understand the current situation fully. Special Thanks to my close friend Adison for the valuable insights he shares with the community and me! Please HIT that follow to stay ahead and like this article if it helps! Key Bottom Ranges to Watch For There are two high-confluence zones to look out for that could signal a strong bounce and an upward move: • 50,521 - 50,901 • 46,216 - 46,930 These ranges represent higher timeframe (HTF) bottoms for the overall HTF trend. There’s a good chance that we could see a reversal within one of these zones, leading to a potential upward move. However, if these levels don’t hold, we might see a deeper extension into the 37.7k - 43.5k range, which is an attractive liquidity zone. But this lower range only becomes relevant if the higher ranges fail to hold. That said, both of the above ranges are strong support levels and could propel the price back to all-time highs (ATH) of 70k - 72k or even higher, potentially reaching 89k - 93k. Currently, we’ve already hit 53,400, a key level that’s holding off a potential sharp drop. If we lose this level, we could see a rapid decline to 3k. (Current price: 53,627) Be prepared! We’ve already touched the 52,550 level, which is acting as major support. If it breaks, the ranges mentioned above become the most likely areas for a bounce, although the 52k range could still hold. However, I’m not counting on it, as we’ve previously sliced right through that level. Additional Market Update: • BTC is up 68% in volume. • ETH is also up 68% in volume. Both BTC and ETH have seen significant buying activity during this dip, especially since yesterday, with most of it happening today. On the lower timeframe (LTF), the market is risky as we’re sitting at the final support zone of 52,550. Being the weekend, when mostly private retail traders are active, there’s a risk that they could get dragged down into losses, with many long positions liquidated before we move higher. LTFs are always tricky, and while volume is still low, pumps are easy. I believe that the 52,550 support won’t hold through the weekend. We’re likely to see the above-mentioned levels by the end of the weekend or early next week. Once those levels are reached, the market should stabilize, bringing a healthier, less choppy environment. So it's just about a couple of weeks. Stay strong don't do anything stupid, I'll come up with more information very soon for trade setups on Altcoins. Stay tuned and make sure you follow me. HIt the like if you like it. Thank you #PEACE
COINBASE:BTCUSD
by Cryptorphic
26
#BTC/USDT Weekly Update! $58k first!#BTC Weekly: Closed red at $54,881. Holding the GETTEX:54K support is a positive sign in the short term. However, the price action seems incomplete, with substantial liquidity sitting around the GETTEX:48K and $43K levels (as mentioned in my previous article on BTC). The key focus right now is maintaining the GETTEX:54K level. If we lose this level on the daily chart with a confirmation candle, expect lower levels to be swept soon. That said, as long as we hold the current level, we could see a retest of $58K to capture liquidity. BTC Daily:- The daily chart looks promising, as the price has bounced off the support, with a confirmation candle printing today. Stay tuned, and I’ll keep this chart updated. Hit that like button and share if you like it. Thank you #PEACE
COINBASE:BTCUSDLong
by Cryptorphic
Bitcoin: Hodlers VS Cruisers VS TradersAnother very outside-the-box trend that I discovered while going down an INTOTHEBLOCK rabbit hole was the Holders' Composition by Time Held leading into the parabolic phase. These CRYPTOCAP:BTC Coin balances are a metric powered by INTOTHEBLOCK that shows ownership distribution over time. What is a Hodler Balance? They are address balances that have held CRYPTOCAP:BTC over a period of one year or longer. These are long-term investors. An increase in this metric shows long-term bullish sentiment. What is a Cruiser? They are address balances that have held CRYPTOCAP:BTC over a period of one - twelve months. These addresses are what we would consider swing traders. The transfer from Cruiser balance to Trader balance can be seen as bearish sentiment and the transfer from Trader to Cruiser can been seen as bullish sentiment. What is a Trader? They are address balances that have held CRYPTOCAP:BTC less than one month. These are short term balances of day traders, bot trading, etc. An increase in this metric would indicate volatility and a potential bearish sentiment in the market. With that being said about the Trader Balance, on 10/22/20 we can see a (+6%) uptick in Trader balances and a (-2%) down in Cruiser Balances showing investors taking profits and trading into the volatility. On 4/20/24, the Trader Balance crossed the Cruiser Balance solidifying this accumulation period. They started closing in on each other at the end of July, Post-Bitcoin Conference w/Trump speech + JPY reverse-carry trade unwinding + Mega Tech FC. Now they have returned the their early July numbers. KEY TAKEAWAY: You will see a flow into TRADERSBALANCE, out of CRUISERSBALANCE AND HODLERSBALANCE when the market has officially accepted we have entered the parabolic phase of this bull cycle. Look for a flow change and TRADERSBALANCE | CRUISERBALANCE cross between 10/8 & 10/22.
COINBASE:BTCUSDLong
by RILOBUYLOW
BTC: Can $50K Hold Strong This Time Around?Bitcoin Update: BTC closed below GETTEX:54K on the daily chart, bringing the price close to the support trendline. As expected, BTC has made a bearish move. What’s next? The $50.6K support, or around $50K, must hold to help BTC rebound and rally. The RSI is attempting to form a bullish divergence; if successful, it could be positive for BTC. For now, all eyes are on the support range between $50K and $52.5K. Hope this helps. Trade safely. Best regards, Team Dexter #BTCUSDT #Crypto
by Dexter_The_Trader