#BTC/USDT Bounce Incoming! Futures Trade Setup!#Bitcoin : 10/10 So far! Bounce seems highly likely at this level.
RSI Bullish divergence in the hourly chart.
But of course, no one knows for certain in this kind of market!
Invalidation:- Daily close below $54018.18!
If you're looking for a swing Trade, $54890 to 56150 is a good range to accumulate long on spot!
Futures Setup Here:- There's a higher chance of this setup getting invalidated if we lose 55500 again so be careful to try to keep your entry as low as possible to keep your Stop Loss small.
Always use leverage below 5x!
Entry:-
$56150, (50% entry)
$55700, (20% Entry)
$54890 (30% Entry)
Targets:-
$57155
$57855
$58200
$59544
Stop Loss:- $53854
This is a risky trade so always do your research this is not financial advice.
Do hit the like button if you want me to post more!
Thank you
PEACE
Btcupdate
BITCOIN PARABOLIC PHASE INCOMING ‼️ BITCOIN PARABOLIC PHASE INCOMING ‼️
Confirmed $100k CRYPTOCAP:BTC by 2025.
If TVC:GOLD walks away from this new ATH...
It would confirm there is enough correlation to look further into a 49 month clock in the #GOLD & #Bitcoin Bull-Cycle.
Theory is... #GOLD will start it's parabolic phase of its bull cycle, lasting 6 months and reaching a new ATH. There will be a 2 month "break" between both assets, sideways or slightly down. After the 2 month break, #Bitcoin will start it's parabolic phase of its bull cycle, also lasting 6 months. The two assets will go sideways and do their thing for 35 months before the 14 month parabolic dance starts all over.
Cycle 1⃣:
02/01/2020 | TVC:GOLD | $1,587
08/01/2020 | TVC:GOLD | $2,049
+29% Change
10/01/2020 | CRYPTOCAP:BTC | $10,555
04/01/2021 | CRYPTOCAP:BTC | $58,732
+456% Change
Cycle 2⃣:
03/01/24 | TVC:GOLD | $2,004
09/01/24 | TVC:GOLD | $2,555
+27% Change
11/01/24 | CRYPTOCAP:BTC | TBD
05/01/25 | CRYPTOCAP:BTC | TBD
TBD% Change
The TVC:GOLD trend lines match during the 6 month parabolic phases.
46 degree trend on the daily, both cycles.
-31 degree trend on the daily, 8 months after ATH.
...If History repeats itself...
CRYPTOCAP:BTC should stay sideways or down for the next 55 days. Most likely a fake-out pump coming from the pending Fed Rate cut this month. We should stay below FWB:65K based on the price action around the Jackson Hole speech.
We would only need an 88% increase this phase for CRYPTOCAP:BTC to reach $100k. This is a small ask, considering the previous post-halving cycles. If it follows the same trend line up this cycle we could see $305k next April. As nice as that sounds, it is not very likely we will see a 456% gain this cycle.
BTC Daily - Key Levels for Bulls and BearsOn the daily timeframe, we’re closely monitoring Bitcoin at pivotal levels. A **green line** indicates a strong buy opportunity where bullish pressure might emerge. Meanwhile, a **red line** marks a critical sell zone, where bears most probably would step in to push the price down. These levels are essential for planning both long and short positions, providing clear signals for potential moves in either direction.
Feel free to drop a comment, boost this post if it helps, and hit that follow button for more trading ideas and insights!
$BTC Daily UpdateCRYPTOCAP:BTC #BTC As expected testing $56,557 support, Next key support at $54,364, Failed to follow up on bullish engulfing on 1D which was pretty clear yesterday. RSI on 4H almost in oversold region, $58,882 will resist, $61,953 key resistance. $52,529 next key support after $54,364.
BTC Monday Range Play and KeylevelsIn this video, I analyze Bitcoin's (BTC) price action with a focus on a short-term Monday range play. I dive into the specific key levels where we could potentially see a reversal. We’ll break down how these levels have been acting as support and resistance throughout the trading week, and discuss the importance of monitoring price behavior at these zones.
17 year experienced trader talks about BITCOINMartyBoots here , I have been trading for 17 years and just want to share my thoughts on Bitcoin. This is a very important video and should be watched carefully.
Bitcoin is getting to the end of the consolidation and very close to a move.
Any questions please hit me up
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Last 4h closed with bearish pin bar, testing $58,882 support with potential of follow thru to previous bearish close on current 4H, on the other hand 1D closed with bullish engulfing but considering current volume and everything seems tough for it to follow up, $58,290 next support area and key support at $56,557.
#BTC/USDT Urgent Update!### BTC/USDT Technical Analysis (1D)
**Overview:**
Bitcoin is trading below the 50, 100, and 200 EMAs, within a descending channel, indicating a bearish trend. A break above these EMAs could trigger bullish price action.
**Key Points:**
- **Resistance:** $61,802 (channel top), $60,364.
- **Support:** $54018, 47,710, $43,882.
- **Invalidation Level:** $54,018 (daily close below).
**Scenarios:**
1. **Bullish:** Break above EMAs and channel top could target $68,000.
2. **Bearish:** Failure to break above EMAs and a close below $54,018 may lead to a drop towards $47,710 or lower.
**Conclusion:**
I think the price must break soon in the next few weeks, likely following our scenario with the blue forecast lines. Watch for a breakout above the EMAs for bullish potential; otherwise, expect further downside within the channel.
Do let me know what you think in the comments section and please hit the like button.
Thank you
#PEACE
$BTC is in a Descending Channel.CRYPTOCAP:BTC is in a Descending Channel.
Around 24th of January 2024, BTC started the descending channel journey. Currently, this asset is a smaller channel.
Overall, should we say BTC has been selling?
Anyway, $58K, $56K & GETTEX:54K are some zones to look our for below the current price.
Risk management is still the king.
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. 📈✅
BTC updateThe current monthly candle appears neutral. It is likely to test the 0.618 and 0.5 Fibonacci retracement levels of that candle, which are around the 55k mark.
Following this, we could see a range forming, with the range high around 60k.
Despite the monthly close, there is still no clear trend on the higher time frame. We can expect more choppiness and sideways movement. I am working on identifying dates when the market sentiment might turn positive and will share them once I have more clarity.
Looking at Line chart we should bottom between 0.236-0.382. Max drawdown is 54k
BTC Update in a Daily TimeframeIn the daily timeframe, BTC appears bearish. It failed to reach the resistance trendline and was rejected after hitting $65k. The price in the hourly timeframe shows some support, but without sufficient inflow, this support may not hold.
In this chart, BTC is caught between support and resistance, and given the current market scenario, the price is leaning more toward the bearish side. The support trendline around $52.5k will be crucial if BTC drops further.
Be cautious and do thorough research before investing. If you're using leverage, make sure to set a stop loss.
Trade safely.
Regards,
Team Dexter.
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.
BTC, Let's keep it simple shall weAh, the crypto jungle, where even the bears like to dance! 🕺 So, here we are, staring at a mature bear flag on the daily chart like it's that ex you thought you were over, but they just keep showing up. And if this bad boy breaks down decisively, we're careening straight into the “Oh No Zone” with a potential target between 45k and 48.8k.
And what's this? A Death Cross? Sounds like a rejected name for a 90s metal band, but here it is, grimly reminding us that sentiment is shifting faster than a squirrel on a sugar rush. 🐿️
Now, while retail investors are nowhere to be seen (probably hiding under their beds), the whales are out there doing what they do best—hoarding like it’s Black Friday at a crypto sale. 🐳 And of course, rate cuts are looming like your landlord when rent's due, which in crypto-speak means bearish first, bullish later. It's like being told your rollercoaster ride is delayed but, hey, there's a free ice cream at the end! 🎢🍦
Meanwhile, Gold is out there flexing at an all-time high, giving Bitcoin the cold shoulder like it's a high school crush that just found a new date to the prom. And Bitcoin dominance? Still strutting its stuff, leaving altcoins to suffer in silence.
Over in the ETH/BTC corner, things are looking as bearish as my last attempt at a diet—good intentions, but no follow-through.
Good News? Who Cares!: Good news hits the market and... nothing happens. At this point, it’s like shouting into the void: “BTC ETF occurred! ETH ETF occurred! Halving occurred!” And the market’s like, “Meh.”
🇺🇸 All eyes are on the US Presidency coming up in 2 months. Until then, it's like waiting for your blind date to arrive—highly uncertain and probably not going to end well.
Yet, here I am, my degenerate self, telling you this might just be the perfect recipe for a great bull market! 🍲
But let's be real—experience tell me that caution is advised.
That's it, that's the idea - Good night
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.
#Bitcoin to US Narrow Money Supply (M1) ratio 1W chart;#Bitcoin to US Narrow Money Supply (M1) ratio 1W chart;
I suggest you read it to the end.
This type of chart is used to understand how much Bitcoin has gained or lost in value relative to the Narrow Money Supply in the US.
In the chart, the total market capitalization of Bitcoin is plotted against the US Narrow Money Supply (M1). M1 includes money in circulation (cash) and demand deposits at banks. This type of ratio can help to understand how valuable Bitcoin is in the macroeconomic environment.
In a nutshell;
If the chart is rising : Bitcoin is rising.
If the chart is falling : The US money supply is increasing.
If the US money supply increases and Bitcoin's market capitalization remains the same, then the chart will fall again. It means that Bitcoin is losing value against the US dollar.
In short, we need to look more carefully at what is causing the decline.
When does the US Narrow Money Supply (M1) appreciate?
- Raising interest rates
- Economic empowerment
- Liquidity reduction
The first 2 points above are not hard to guess, but let's elaborate on point 3;
The FED may implement monetary tightening policies to reduce the amount of dollars in the market. In this case, the money supply may contract and the value of the dollar may rise. This is called illiquidity.
To summarize;
An appreciation of the US money supply often puts pressure on risky assets such as Bitcoin and can depress their prices.
There are also important historical notes above the chart
The white trend line is important . Because every time it comes here, we see that it experiences strong price movements with important news.
Therefore, it may be necessary to follow the agenda closely when it comes to this trend line again.
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!
Bitcoin CME Futures Long Position on 1H Timeframe This trade is based on the 1-hour chart of Bitcoin CME Futures, where the price has retraced to the 0.7 Fibonacci level, signaling a potential upward move. We are looking for a bullish continuation to push the trend through the Sunday open, aiming for a higher target as the market gains momentum.
Key Levels:
• Entry: The trade is initiated near the 0.7 Fibonacci retracement level, where a strong support zone is identified.
• Target: The target is set at the upper green zone, which aligns with the expected upward movement through the Sunday open.
• Stop-Loss: A stop-loss is placed below the recent low (indicated by the lower red zone) to limit potential downside risk if the market moves against the position.
Rationale:
The 0.7 Fib level often serves as a critical support point, and the current market conditions suggest a possible upward movement. With the price consolidating at this level, we are positioned to capitalize on a bullish breakout toward the Sunday open.
Risk Management:
By setting a stop-loss below the recent low and adjusting the position size accordingly, we maintain a favorable risk-to-reward ratio. Traders should consider adjusting this setup based on their individual conditions, such as position size, broker, and other external factors.
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.
BTC: Preparing for a 12% Rally!Hello traders,
I hope you all are doing well.
In our previous BTC update, we mentioned the rejection of BTC due to the RSI losing momentum. The price dropped 11% and currently holds at an important support range between $57.7k and $58.3k.
With the current price at $59.1k and the RSI gaining bullish momentum, BTC is expected to rally 10%-12%.
However, if BTC closes below the blue support box, it will invalidate the rally and likely experience a further drop.
Entry: $57.7k to CMP.
Stop loss: $57.2k.
Leverage: 10x-20x.
Target: 10%-12%.
Make sure you do your own research and analysis before investing.
Trade safely.
Regards,
Team Dexter.
BITCOIN (BTCUSD) Bearish Confirmation? Oops!Like Ive mentioned in my previous BTC analysis, that $61,500 was critical zone and if it drops below that level, we will see further downward movement and this is exactly how it turned out.
The SHORT position targets are marked on the chart using the Risological swing trader.
Stay safe and all the best.
#Bitcoin 1D chart updated#Bitcoin 1D chart;
Bitcoin is likely to touch the upper red trend line in the short term.
Let me explain why I think so, based purely on technique, far from the < emotional thinking > that I always underline, so that it is not in the air;
< ChoCh > is also known as a trend direction change. The fact that it broke the uptrend with a hard momentum candle and then unwound to the IMB area in this region, where it can hold for now, reveals this possibility.
However
The levels indicated by the orange circles are critical.
The orange circle on the left is the highest peak of the previous month. Naturally, it is the first important hurdle to cross for now. This is the 70k level . If a close above it comes, then we can talk about bullishness. For now, we can state that no chart based on rockets and flames has any basis in reality, as we have no data to suggest that it can break here hard.
What happened at the previous highs?
Not only were the highs not broken, but the downtrend line (red) also worked as resistance.
There is no reason why the same scenario cannot work again (for now).
Of course, it should not fall below the IMB level first. If this happens, the previous monthly low below will be tested.