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Btcusdanalysis

BITCOIN Preparing for a Major Move – Key Levels to WatchBitcoin is approaching a critical juncture with potential for a significant breakout or a sharp rejection. Key levels to monitor are the FWB:67K - $68K zone. Here's the game plan: If Bitcoin breaks through the FWB:67K - $68K resistance, we could be looking at a continuation towards a new all-time high. If Bitcoin faces strong rejection at this level, it could trigger a major downside move. A breakdown could lead us to $44K - FWB:42K in the coming days or weeks. Stay vigilant and ready to capitalize on either scenario. Be sure to manage risk and avoid missing out on these potential moves! Follow me for more premium ideas.
CME:BTC1!
by Naveed_Azam_Zarrar
Bitcoin (BTC) Technical Analysis and Trade Idea👀 👉 Bitcoin has been range-bound for a while, recently reaching a key resistance level. The bullish momentum appears to be weakening. In this video, we dive into the trend, price action, and market structure, exploring various possibilities for a potential trade setup. Disclaimer: The information provided in this video is for educational and informational purposes only and should not be considered financial advice. 📊✅
by fxtraderanthony
BTCUSDT 4H New momentum zoneBTCUSDT 4H New momentum zone After consolidating prices in the 63k zone, BTC has just touched the bottom of the current bullish channel. LEVELS: SL: 62600 TP: 65500 RESISTANCE: 68000 I share with you my technical analysis opinions on certain values ​​that I follow as well as part of the strategies that I design for my portfolio, but I do not recommend anyone to operate based on these indications. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my opinions help you on your own path :) TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design 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.
CRYPTO:BTCUSDLong
by DeuXfi
Bitcoin analysis today Pump after the failure of 65 thousand or In today's Bitcoin analysis, we reported the most important move and decision of this currency. Breaking 65000 means the beginning of a strong growth for Bitcoin and not breaking this price means another correction... On the other hand, in the Dominance Tether review, we announced the support of this index and the possibility of its small growth, which if it cannot break its resistance, will be considered as a spark for a further fall and the growth of the digital currency market. Also, we determined the important support and resistance ranges in the worst case and gave our opinion as a guide for you companions. We also talked about the possible movement of Bitcoin in the next 24 hours. Watch this analytical video for more details.
Long
by karaco2022
Bitcoin: Strong Bullish Momentum AheadBTCUSDT technical analysis update Currently, Bitcoin has been trading within a range for the past 200 days. From March 2023 to October 2023, the price fluctuated between GETTEX:25K and $32K for 224 days before breaking the range and bouncing over 130%. Now, we are observing a similar pattern, with Bitcoin trading inside a rectangle since February, between $53K and $73K. The price is approaching a potential breakout, which could occur within a month. Once the breakout happens, we may see a strong bullish move. Regards hexa
Long
by HexaTrades
Bitcoin (BTC/USDT) on daily chart - technical analysis+price preTechnical analysis Bitcoin (BTC/USDT) on daily chart by Blaž Fabjan Price Range: The chart shows a long-term descending channel with resistance at the upper trendline and support at the lower trendline. The price is oscillating between these two levels. Current Price: $63,532.74 as of the timestamp on the chart. Support and Resistance: Resistance is marked around $68,000 to $70,000. Support is marked around $55,000. Indicators Used: RSI (Relative Strength Index): The RSI is currently around 63.05, showing slight bullish momentum but nearing overbought conditions. Stochastic Oscillator: It shows an overbought condition with values above 80, indicating the potential for a pullback. VMC Cipher_B_Divergences: This is a volume momentum indicator, showing possible divergence signals, with some indications of bullish divergence. Patterns and Predictions Channel Pattern: The price has been respecting the descending channel with a number of touches on both resistance and support lines. Currently, the price is near the midline of this channel. Potential Move: In the short term, the price could follow the channel’s structure and retest the support around $60,000 or even $55,000. After touching support, a potential bounce is expected, which could lead the price to test the upper resistance of the channel at $68,000–$70,000. Trading Plan Short-term Bearish Scenario: Entry: Consider entering short positions if the price fails to break the mid-channel line (around $64,000) and shows signs of reversal, with targets around the $55,000 support. Stop-loss: Set a stop-loss just above the resistance line at $68,000. Take-profit: Look to take profits around $60,000–$55,000, depending on risk appetite. Long-term Bullish Scenario: Entry: If the price successfully tests support ($55,000) and shows bullish reversal signals, consider entering long positions. Stop-loss: Place a stop-loss slightly below the support zone ($52,000). Take-profit: Initial target could be the upper boundary of the channel at $68,000, with an extended target beyond $75,000 if the price breaks out from the descending channel. Breakout Scenario: A breakout above the $70,000 resistance with strong volume could indicate the start of a bullish trend reversal. Entry: Consider entering a long trade on the breakout above $70,000. Take-profit: Target $75,000 to $80,000. Risk Management: Given the overbought conditions on the stochastic indicator, caution should be taken with long positions unless a strong confirmation of support bounce occurs. Monitor volume and divergence signals from the VMC Cipher_B_Divergences indicator for additional confirmation. This analysis assumes a near-term continuation of the channel pattern, with a possible bullish breakout in the longer term if price action shows strength at key levels.
Long
by elfabiiani
Bitcoin BTC price trading plan to the end of 2024Last week was full of macroeconomic events, we write about it at previous idea The cryptocurrency market took them positively and grew on rumors. There is a legendary quote: “Buy on rumors, sell on facts.” Therefore, we do not rule out that this week OKX:BTCUSDT and the crypto market in general may plunge into correction. Still, we need BTC.D - 57.7% and USDT.D - 5.50% to fall significantly lower for the market to really “come to life” Fear and Greed Index (neutral) - 50 As long as CRYPTOCAP:BTC price is above $57,000 , it is globally in an upward trend and at the same time in a protracted consolidation since May 2024. Perhaps a confident exit from this consolidation will take place in November, after the US elections on 05.11 and the next Fed rate cut on 07.11 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
BTCUSDT / BREAKOUT THE DESCENDING CHANNEL - 4HBTCUSDT / 4H TIME FRAME HELLO TRADERS 1. August Price Movements: - Early August: The price declined by 29.54%. - Mid-August: The price increased by 32.55%. 2. September Price Movements: - Early September: The price declined by 18.96%. - Mid-September: The price increased by 14.37%. Technical Analysis: 1. Current Market Condition: The asset is under bullish pressure following a breakout from a channel , As long as the price remains above 60.767, the bullish momentum is expected to continue. 2. Upward Condition: - Target 1: If the price trades above 60.767, it's expected to rise to 65.015. - Target 2: If the price stabilizes above 65.015, the next target is 69.573. 3. Downward Condition: - If the price falls below 60.767, it suggests a potential decline: - Target 1: A decline to 56.154. - Target 2: If it breaks below 56.154, further decline is expected to 52.679.
Long
by ArinaKarayi