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Btcusdanalysis

Bitcoin will break 7 month Bullish Flag?Hey traders! Here we are, as we thought we touched 59K and we came up. And we're still moving in a long 229 day bullish flag, and hopefully we could break it soon. The next resistance target is around 68K and if we're going to break this level, plus volumes will confirm and will see short correction if RSI will be oversold we can go upwards strongly! But don't forget to pay attention for 1 Day MA which is still bearish, volumes that are still descending and RSI. What's your thoughts?
Long
by SheTradesHub
Bitcoin reached the resistance of 65800, what is the next step?Here , about 1 week ago, I announced that Bitcoin will meet the resistance of 65800 and after that we have to wait for the price reaction. Now that we have reached here, it can be predicted that if 66,500 is broken, the upward trend will continue and we will see the short-term goals of 77,000 and 95,000. In case of correction, the support of 59,000 is very important for the continuation of the process. If you want to know about the future of Bitcoin, don't forget to follow and boost.
by Rezaei0013
BTC Fear Maxxing 🚨 Market Update: Mt. Gox Trustee to Commence Bitcoin and Bitcoin Cash Repayments in July 2024 🚨 Fresh news this morning about the Mt. Gox Trustee starting Bitcoin and Bitcoin Cash repayments in July 2024 has injected new fear into the markets. As a result, BTC has dipped below $61k. 📉 Chart Analysis: - I was monitoring the H8 demand area, which had been holding up the price for several days. - An E9 Whale signal appeared, but was quickly invalidated by a Bearish Engulfing candle. - After a low liquidity weekend, this news drove the price directly into the Weekly 21EMA, another key H8 demand area from mid-May, where traders had previously pushed BTC back into the $72k supply area. - Using a Fibonacci tool from high to low of the fixed volume tool, we see a Golden Pocket in this area. - The MFI and OW Oscillators are bottoming out across higher timeframes (H4 - D1). These levels haven't been this low in a while. Stay tuned for more updates! 📈🔍
COINBASE:BTCUSD
by TraderE9
BTCUSD Come on Baby, You are Ready to Bullrun1. Current Price Action Price is trading at around $64,719, approaching the previous all-time high of $67,752. There appears to be a breakout from a downward wedge pattern, indicating a potential continuation of the uptrend. The price target projected from this wedge is aiming towards higher levels. 3. Future Price Targets 1.272 Fibonacci extension is marked at $100,214, which seems to be the next major target on the upside if the price breaks above the previous all-time high ($67,752). The chart suggests that there’s a good probability of Bitcoin rallying towards this level if bullish momentum continues. 4. Trend Analysis The breakout from the wedge is significant, as wedge patterns often signal the end of a corrective phase. The breakout suggests that the market could resume its bullish trend after the consolidation. If Bitcoin sustains its price above $67,752, it would likely confirm a new bull run, with Fibonacci extensions providing potential targets for the next leg up. 5. Support Levels On the downside, the first major support is around the 0.786 Fibonacci retracement at $49,793. Below that, significant supports include $39,099 (0.618 Fibonacci level) and $32,992 (0.5 level).
Long
by YogaID
Bitcoin rally at risk?The Bitcoin rally has been facing trouble of late as it’s been struggling to move above $66k. However, the last 24 hours showed better signs. As per CoinMarketCap, the coin’s price increased by more than 1.5%. At press time, Bitcoin was trading at $63,896.05. The latest price hike has pushed 48.9 million BTC addresses in profit, which accounted for 91% of the total number of BTC addresses. But BTC’s troubles are not over yet, as there were chances of the Bitcoin rally ending. Ali, a popular crypto analyst, posted a tweet revealing an interesting development. As per the tweet, BTC’s price was moving inside a channel. The bad news was that the coin had already faced rejection three times when it approached the resistance of the pattern. Therefore, it indicated that this recently gained bullish momentum might not last. So, AMBCrypto planned to dig deeper. As per Glassnode’s data, a metric suggested a halt to the Bitcoin rally. We found that the king coin’s NVT ratio increased. Whenever the metric rises, it indicates that an asset is overvalued, hinting at a price correction. The coin's long/short ratio also dropped. This meant that there were more short positions in the market than long positions. A rise in the number of short positions can be interpreted as a bearish signal. However, not everything was in the bears’ favor. For example, BTC’s exchange reserve was dropping, according to CryptoQuant. A decline in this metric means that buying pressure was rising, which often results in price hikes. On the chart, the technical indicators looked pretty bearish. BTC’s MACD displayed a bearish advantage in the market. Additionally, the coin’s Chaikin Money Flow (CMF) also registered a downtick, hinting at a price drop. If that happens, then the Bitcoin rally might end and the coin could drop to $60k again. Nonetheless, in case of a continued price rise, BTC might test its resistance at $65.4k again.
Short
by paul_endeo
Bitcoin (BTCUSDT) Ready to Explode? Massive Gains on the HorizonThe current BTCUSDT setup shows a bullish momentum on the Risological Swing Trader following the entry point at 61,732.3 on 11th October. The price has moved steadily upward, reaching the first take profit (TP1) level at 63,482.7, which confirms the continuation of the upward trend. Key Support and Resistance Levels Entry Level: The trade entered at 61,732.3, representing a critical support level where buyers stepped in to drive the price higher. This region coincides with a prior consolidation, giving confidence to the bullish breakout. Stop-Loss (SL): Positioned at 60,316.2, this acts as a strong downside protection level, slightly below the consolidation zone to avoid premature exit. Trailing Stop: The trailing stop is now placed at 62,038, and will continue moving upwards as price action progresses. This method locks in profits while allowing for additional upside potential as BTC moves towards higher targets. Trend Analysis The price is above the Risological dotted moving average support line, confirming a healthy uptrend. BTC has made consecutive higher highs and higher lows, indicating strong bullish momentum. The current breakout from the 61,732 entry zone hints at further upside potential. As BTC moves toward TP2 at 66,315.0, we can anticipate continued bullish behavior if broader market conditions remain favorable. Targets and Profit Zones The immediate target was TP1 at 63,482.7, which has been hit or surpassed, giving confidence to the bullish scenario. Next, TP2 at 66,315.0 serves as the next resistance level where some profit-taking might occur, followed by TP3 at 69,147.4 and the ultimate TP4 target at 70,897.7. Risk Management The trailing stop set at 62,038 ensures that even in the case of a pullback, the trade will lock in gains. This dynamic risk management allows the trader to maximize profit while minimizing potential losses. With BTC showing strong momentum, moving the stop closer to the price is a sound strategy to protect profits. Conclusion Overall, Bitcoin continues to show strong bullish signs as it heads toward the next resistance levels. The key will be monitoring the price action near TP2 and adjusting the trailing stop as needed. If momentum remains intact, we could see BTC testing the higher targets of 69,147.4 and 70,897.7
Long
by ProfitsNinja
3
BTCUSDT 1D - Bullish Flag + TRIANGLEBTCUSDT 1D - Bullish Flag + TRIANGLE If you like my AT, and you agree with the approaches, please FOLLOW ME and press BOOST so we can share it with more people. We are working on an automated trading tool so that everyone can apply their strategies VISUALLY and PROFESSIONALLY, as we present in the analysis. Thank you! _______________________________________________________ BTCUSDT 1D - Bullish Flag + TRIANGLE BTC continues to develop a huge bullish flag pattern that has not yet broken upwards. And it continues to mark new lower highs. On the contrary, from the lows at 49K, BTC is developing a climb of increasing lows. Both trends configure a TRIANGLE that must be resolved either with an upward impulse looking for 70k, or breaking the increasing lows and posing a bearish scenario. We will have real bullish impulses when it breaks 66500 and reaches 69k - 70k. Right now, I see BTC looking more for 120 than 58k, but nothing is written here and both things could happen. Fall to 58k and flight to 120k with its corresponding stops along the way. _______________________________________________________ Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or the other, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the development process and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
CRYPTO:BTCUSDLong
by DeuXfi
Bitcoin is entering dangerous territoryBitcoin just hit 80 on the 1W (Weekly) cycle and is gearing up for one final push before a 1-1.5 month bearish phase. If reading that sentence made your face go pale, and you're pretending to follow along but don’t fully understand the market right now – this edition is for you. Making money in crypto isn’t rocket science if you follow cycles. Buy near cycle lows, sell near cycle highs (the hard part). The challenge is identifying those lows and highs. If this plays out in the current cycle, Bitcoin’s price movement would look something like this: The truth is, predicting the height of the next cycle is never simple. We’re currently on Day 36 of the 60-day cycle, and we’re still below the mid-cycle high. Typically, this signals a bearish cycle, so we shouldn’t expect new highs until the next cycle low in early November (which means don’t rush to buy now!). Alternatively, there’s a higher probability we’re in a left-translated daily cycle and on the verge of a downside reversal. A left-translated cycle would look like this: I know, I know, you don’t like hearing that there are two potential scenarios without a clear short-term trend. But that’s exactly when you need to stay out of the market. That’s exactly when you protect your capital and avoid jumping into trades just because you "feel" like it. Now, take a look at what my 1D, 3D, and 1W Cycle indicators are showing: My cycle indicators are telling the same story – patience! The 1D Indicator just reversed and looks like it’s targeting the 80s, suggesting a short-term uptrend. Meanwhile, the 3D Indicator just dipped below 20, which is intriguing. The 1W Cycle Indicator is pushing above 80, signaling danger ahead – Bitcoin is nearing its 1W cycle top, but we could still see one final push upwards. I’ve even added a Wavetrend Oscillator, which complements my Cycle theory well. It’s currently at 0 – a neutral zone. When will I be ready to re-enter the market? I’ll wait until the 1D Indicator drops back to the 20s. By then, the 3D Indicator should be heading up, offering a great opportunity to catch the next pump. For now, stay safe, protect your capital in cold storage (or a Web3 wallet), and avoid overtrading!
BITSTAMP:BTCUSDLong
by TheStrategyMaster
10 Essential Tips for Futures Trading | Beginner-Friendly Guide!🚀 10 Essential Tips for Futures Trading | Beginner-Friendly Guide 🚀 As a crypto futures trader, you have the potential for high rewards—but the risks are equally significant. Whether you're just starting or looking to sharpen your skills, here’s a beginner-friendly guide to help you trade futures like a pro! 1️⃣ Leverage with Caution Leverage allows you to trade more than your actual capital. While it amplifies profits, it also increases the risk of significant losses. Start with low leverage (1x to 2x) and increase only as your experience and confidence grow. Pro Tip: Use leverage responsibly. Small moves can lead to big impacts on your account balance! 2️⃣ Master Risk Management In futures trading, preserving your capital is as important as making profits. Always use stop losses to limit potential losses and never risk more than you can afford to lose. Successful traders manage risk first, profits second. Pro Tip: Limit your risk to 1-2% of your total capital per trade to survive market volatility. 3️⃣ Understand Market Sentiment Emotions highly drive crypto markets—fear and greed can cause massive price swings. Stay on top of market sentiment by following news, social media, and community discussions. Pro Tip: Use sentiment analysis tools and observe the fear/greed index to time your trades better. 4️⃣ Learn Technical Analysis To succeed in futures, learning chart reading is essential. Focus on key indicators like support/resistance levels, moving averages, and volume trends. These help you make informed trade decisions. Pro Tip: Keep your charts clean—use just a few key indicators to avoid confusion. 5️⃣ Stay Disciplined Trading without discipline is a shortcut to losses. Develop a strategy and stick to it, even when the market is volatile. Avoid emotional decisions like panic selling or revenge trading. Pro Tip: Journal every trade—track what works and what doesn’t, and improve your strategy. 6️⃣ Know Your Funding Rates Funding rates in perpetual futures can either work for or against you. When the funding rate is positive, longs pay shorts, and vice versa. Keep an eye on these rates as they can affect your overall profitability. Pro Tip: If the funding rate is too high, it might be better to wait for a better entry. 7️⃣ Understand Exchange Rules Different exchanges have different margin requirements, liquidation prices, and fees. Make sure you fully understand the platform’s rules and how they apply to your trades. Pro Tip: Always double-check liquidation prices before opening large positions. 8️⃣ Hedge Your Risk Hedging is a strategy that protects your portfolio from adverse price movements. For example, if you're holding Bitcoin, you can open a short position in futures to balance your risk in case the price drops. Pro Tip: Use hedging to minimize risk during uncertain market conditions, but avoid over-hedging. 9️⃣ Watch Open Interest and Volume Higher open interest shows a growing trend, while low volume can indicate weak market conviction. Use these metrics to confirm your trades and gauge market strength. Pro Tip: Combine open interest with volume for more reliable trade signals. 🔟 Keep Learning & Evolving Crypto markets evolve rapidly. Always stay up-to-date on the latest trends, tools, and strategies. Join trading communities, watch educational content, and continuously improve your knowledge base. Pro Tip: Follow experienced traders, read trading books, and practice in demo accounts before going big. --- CONCLUSION: Futures trading in crypto offers immense potential, but it requires skill, discipline, and constant learning. With these 10 essential tips, you’ll be better prepared to navigate the volatile world of crypto futures trading and enhance your profitability. 🚨 Risk Disclaimer: Futures trading involves substantial risk and may not be suitable for everyone. Always trade responsibly. 🚨 If you want more such educational posts, Trades and Top-notch Bitcoin updates, Hit that like button! Follow me if you're reading this for the first time! Thank you #PEACE
OANDA:BTCUSDLong
by Cryptorphic
BTCUSDT 4h - Triangle inside the cup handle :)BTCUSDT 4h - Triangle inside the cup handle :) If you like my AT, and you agree with the approaches, please FOLLOW ME and press BOOST so we can share it with more people. We are working on an automated trading tool so that everyone can apply their strategies VISUALLY and PROFESSIONALLY, as we present in the analysis. Thank you! _______________________________________________________ BTCUSDT 4h - Triangle inside the cup handle :) We have another formation to launch rockets. The triangle that is forming inside the handle will have an explosive exit again as it has recently happened. It is possible that the price will generate great volatility to leave out both the longs and the shorts, eliminating all those who are leveraged by triggering the Stop Loss. Then it will take the direction that best suits it. There are open buy orders up to 55k so we could make that minimum before thinking about anything. This level could be the impulse zone to look for 69k. _______________________________________________________ Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or the other, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the development process and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
Long
by DeuXfi
BTC potential sideways move?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. BTC started to have indecisive moves and trades in a band (as highlighted). It could well be the trading band until otherwise broken.. not much bias now if you trading the near term. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
ICMARKETS:BTCUSD
by Shadowing_The_Big_Boys
Bitcoin(BTC) Near Key Resistance- Breakout or Pullback Ahead ??Bitcoin is approaching a critical resistance level at $65,420. 🚀 If BTC breaks through, we could see a push toward the next major target at $70,037. However, if it gets rejected, we might head back down to the support zones near $60,258 or even lower toward $57,315. 📉 Both bulls and bears should stay on high alert—this is a pivotal moment for BTC! Whether you’re looking for a breakout or preparing for a pullback, this chart is loaded with opportunities. Get ready to make your move! 💥 Trade what you see MB Trader
BITSTAMP:BTCUSD
by Mindbloome-Trading
$BTC DAILY ANALYSISDaily Swing is Bullish , Daily Internal Bearish After Bullish BOS ( Break Of Structure ), we are having corrective pullback to the downside and price already has mitigated weekly demand range in August. Although a deeper mitigation to the level of $44.000 is very likely imo, we are currently bullish in recent minimal structure so if price keeps pushing and we get a daily candle closure above $64.450, I personally don't think the supply zone between 64.800-66.400 will cause a strong bearish momentum. And I will be following the price in LTF to catch any short positions in this recent daily supply zone, but longs are more probable as I don't think this supply will hold for long. The main Supply range, 67.000 - 70.000, is where I will be looking for confirmation short setups until I see daily internal structure switch to bullish.
Long
by alplaila