The formation of a short stop on Bitcoin As mentioned in the previous analysis,The 4-hour POI range was suitable for the price return and make a long setup that closed break even afte the CPI
But now in 1H range we have unmitigated poi in 30M that can reject price to downside for reaching 58000 target
So o set a short order in this area For the possibility of forming a strong ceiling in the Asian session
Btcusdanalysis
BITCOIN - Detailed important scenario of the last crashOctober 2024 will be the lowest price achieved by Bitcoin in the next 6 months,
The this correction is the latest correction,
The inflation data that was released recently came in at 2.4, higher than expectations, which were 2.3, but lower than the previous reading.
Summary Inflation is falling, but at a slower pace than expected I mean, neither strongly negative nor strongly positive, remember Every correction is a new opportunity
I expect this correnction will continue to the area between 57k - 53k (0.236 fib - 0.382 fib) as shown in chart.
This will not happen directly because before this decline, Bitcoin will rise again to test the 0.618 level 61k shown in the chart, and I will be attacked because positivity will prevail in the atmosphere , but this will be a trap.
When this happens, most currencies will fall at least 20% from this point
Because throughout the history of Bitcoin, the month of October has always been a month of strong rise for Bitcoin and currencies..
Many have high hopes and wait for profits. The US elections are approaching too, and Trump's victory will make all markets rebound then btc will be negative in october positive in November!
To break the myth of uptober
Best regards Ceciliones🎯
BTCUSDT 4H - TRIANGLE in the MIDDLE ZONEBTCUSDT 4H - TRIANGLE in the MIDDLE ZONE
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BTCUSDT 4H - TRIANGLE in the MIDDLE ZONE
The price of BTC is COMPRESSING in a TRIANGULAR ZONE with support at 60k. If it breaks upwards, it could reach 68k. If it breaks downwards, it could look for the base of the flag at 52k again. Whatever it does, it will surely be explosive without much reaction time for retail investors.
LEVELS:
SL: 60000
Dynamic Support: 57000
Flag Support: 52000
TP: 68000
BUY ZONE: above 70000 after price consolidation.
The path both up and down is going to be complicated in this game zone. There are multiple readings where the price could reverse and leave us out of the game both up and down.
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What's next - the Altseason or the strong growth of the $BTC? 💶 What's next - the Altseason or the strong growth of the CRYPTOCAP:BTC ? $ CRYPTOCAP:BTC.D thought about it.
Even though CRYPTOCAP:BTC is currently going down, there is no doubt that CRYPTOCAP:BTC will make a new high soon. Perhaps this correction phase will end this month.
Next, November 5, another election in the USA, And... Growth?
I think so, but we will soon see how it will be.
And as for Altcoins, what about them?
Here, everything is not so clear. CRYPTOCAP:BTC.D does not want to go below 57%, which means a higher hike, up to 69%, is possible.
This was the case in 2020 when the last US presidential election was held.
History tends to repeat itself.
We don't know how it will be this time, but we can safely say that if so, the altseason will be postponed until the new year. The time has come for CRYPTOCAP:BTC
And what do you think about it?
BTC next move BTC gave a choch and bos conformation of small uptrend
market came without taking a supply from trend change area and there we can see FVG
so trend have to collect that FVG for continue sell trend
or break there structure for uptrend
📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me !
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📌 Note :
⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading
⨹ This is my pre and post market analysis to improve my trading journey 🚀
⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀
⫸ You are responsible for your trading ✅ not me ❌ ⫷
HAPPY TRADING 🥰
Bitcoin 70,000! Can Milton Stand in the Way?Bitcoin: 70,000 or 40,000?
Bitcoin is at a critical juncture, with the price poised to either break through to new highs at 70,000 or drop to as low as 40,000. Bulls are eyeing a breakout above key resistance levels, which could lead to a sharp move upward. However, bearish forces, including macroeconomic factors and potential market sell-offs, may push the price down toward critical support. The next move will likely be driven by major events, market sentiment, and global factors. Will Bitcoin soar or correct sharply? Stay tuned for the next big move!
Bitcoin falling to 59K??? Short-term prediction!!Hey guys!
Many interesting things happening at the market right now, and here are my thoughts about BTC.
So in quick we have a red cross on 4H, so seems like we at least can see BTC around 59K, cause also this is important Fib 0,618 level.
The volumes are still descending, plus the green line was broke, which means that we have a convergence with volume.
For me, for sure we gonna touch 59K zone and after we will see.
What's your thoughts?
Bitcoin ARE WE CORRECTING DOWN & T0 WHERE ???? Hey Traders
I take a quick dive into Bitcoin: currently it appears we are making our way down with some signals from candlesticks such as our lucky hammer which indicates bearish thinking.
Question is where do we go from here and can we punch back up or will sink further down to 50K and below ?
Must watch
Comment, like follow if you liked this video and found it useful or tell me what you think you see will happen with Bitcoin
MB Trader
Bitcoin's troubling state and scenarios from my point of viewAccording to the previous analysis and the candlestick two days ago, which showed heavy selling pressure, we are witnessing the market becoming depressed again.
Therefore, according to this reaction from the imbalance, it is expected that an endorsement will be created to reach 68,000 and the trend line I have drawn in 4 hours will work to become a liquidity trend line after the third strike.
However, we can expect an upswing from the market, which should wait for the approval of the 4-hour long unmitigated week and save profit by reaching the daily K-level.
SOL Can Crash The Market - FTX Bankruptcy money MartyBoots here , I have been trading for 17 Years and sharing my thoughts to keep you updated on the current market situation .
SOL has formed the same pattern as BTC back in 2019 which crashed the market.
This situation needs to be watched very carefully
They may want to drop the market and buy it up cheap with FTX bankruptcy money
Bitcoin's local perspective 07.10.24Now, INDEX:BTCUSD has formed an ascending pattern AMEXP (yellow)👇
that describes a correction within the previous descending pattern AMEXP (red)👇
If now the price can break through the $64,076-$64,236 zone, we may see a continuation of growth with targets at $64,738 and $64,955, followed by a correction to the range around the $62,368 level.
After that, we will have to watch the reaction to this zone and the trend line in more detail, as there is a possibility to go to $66,000, and there is a possibility to renew the swing low and say hello to $57,834 - so the area around the $62,368 level will be an important place for decision making.
$BTC Review 8.10CRYPTOCAP:BTC is currently trading near $62,500.
Index of fear and greed - 49 (neutral).
The price went down to the 60k zone as planned, after which the price quickly returned to 62-63k.
No clear criteria for what will happen next, whether growth or decline.
Looking at the chart of CRYPTOCAP:USDT.D , there are opinions that most likely it will set a new high.
As a result, I think the price will go to the bottom. Maybe we will also test 57k.
Bitcoin update 5000$ in a rowbtc exactly reacted where the supply area and gave 2000$ in sell side and upside almost gave 3000++ points and also market still running in sell side
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📌 Note :
⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading
⨹ This is my pre and post market analysis to improve my trading journey 🚀
⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀
⫸ You are responsible for your trading ✅ not me ❌ ⫷
HAPPY TRADING 🥰
Bitcoin Analysis - The big pictureLooking at the BTC 4H here. We see that the price is currently hitting the H4 Key Level and safety zone and rejecting from there strongly.
Based on the price action, I feel we're on the move down with the strong rejection. The price is likely to test the trendline, and bounce back, try a retest of the key level. Depending on whether the price is able to break the retest or not, we will see a new move to the either side.
There are some good scalping opportunities during this move that one can take using the smaller time frames till we see a clear direction from BTC.
Currently, I'm waiting on a confirmation pattern or a price action to confirm the move to the downside. All we see right now is a rejection from the key levels. It is also possible that BTC will retry to break the zone again which is why a confirmation pattern is really important to take a trade.
Just a simple analysis. I'll be doing a deeper one later when I have some time.
Hope this helps and happy trading!
BITCOIN: October Key Levels BreakdownBitcoin Technical Analysis: Key Levels Breakdown
In this analysis, we see a scenario where Bitcoin might move down first to clear specific liquidity levels, which could generate the necessary buying power to fuel a larger upward movement later. Below, I've clearly defined both the liquidity zones and the support/resistance levels, each serving different but crucial roles in the upcoming price action.
Liquidity Levels:
These liquidity levels are important as they indicate areas where significant orders are likely resting. When the price moves into these zones, it can trigger a lot of buying or selling activity, leading to increased volatility and potential trend reversals. Essentially, liquidity grabs help gather the buying power necessary for the next major move.
$64,500 - $64,000: A key upper liquidity zone. Breaking above this area would likely trigger significant buy orders, pushing the price strongly upwards.
$62,500 - $62,000: This zone is likely to be an area of liquidity grab before a potential move up. Traders might see strong activity here as it collects both stop-loss orders and new market orders.
$60,000 - $59,500: A deeper liquidity level where substantial buy orders might be triggered. This area could play an important role in re-establishing bullish momentum if the price drops.
$57,300 - $57,000: The lowest liquidity zone highlighted. If the price dips this far, it could indicate an opportunity for long-term accumulation, and we could see a substantial bounce back up from here.
Support/Resistance Levels:
These levels represent important areas derived from Fibonacci retracement values and high volume notes, which are often used to identify potential turning points. They serve as natural areas of support during a correction or resistance during an uptrend.
$63,600 - $63,000: This area is currently acting as a resistance level. Breaking above could confirm further bullish momentum.
$62,250 - $61,900: A potential support zone. This level might see price stabilization or a bounce if Bitcoin retraces here.
$61,200 - $60,800: A critical support area near the daily trendline. Holding this level could provide a bullish setup for a further move up.
$59,300 - $58,900: Another significant support area, which may serve as a reversal point if the price drops lower.
$58,000 - $57,500: A foundational support level. It coincides with the lowest Fibonacci levels, indicating a strong potential bounce if the price finds support here.
Summary:
In this analysis, we expect Bitcoin to dip to collect liquidity from some of the identified zones before making a strong push upwards. Liquidity zones are crucial for creating buying power, while the support and resistance levels help identify areas where prices could stabilize or reverse. Watching how Bitcoin reacts at these levels can offer great insight into the market’s next moves, and provide potential trade opportunities.
The key takeaway is that after clearing liquidity, a strong bullish move is likely.
Bitcoin BTC price sets the mood of the crypto marketThe Oc Uptober fest did not go well on the crypto market - sadness, pain, and the red color reigned supreme.
But is it really that bad, let's find out.
OKX:BTCUSDT price has dropped to $60k and the middle of the channel, where the price has been consolidating for more than 7 months. And although we have set $57k per CRYPTOCAP:BTC as a critical level for ourselves, but maybe we don't need to go there anymore ?)
It's better to use 1-2 large green daily candles up to GETTEX:64K per #Bitcoin. Unfortunately, we don't control the market)
🟢 BTC.D - 58.17%
🟢 USDT.D - 5.82%.
Both indices are slowing down their growth and trying to turn down, which may be a fresh breath of air for altcoins, but it will probably not be enough for everyone)
🔴 The Fear and Greed Index is 37 (a couple of days ago it was 61), there is already fear, but not yet critical, which is where global reversals usually come from.
🍿 We are waiting for Chinese liquidity to enter the cryptocurrency market, just a little more patience. By the way, LSE:CFX with “Chinese roots” has held up quite well in recent days,
it is worth keeping an eye on.
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Bitcoin / USD May Rise to 64,370 - 65,100 (READ DESCRIPTION)Bitcoin / USD May Rise to 64,370 - 65,100
Pivot Point: 61,760 – This level acts as the key pivot for price action. Trading above it signals bullish momentum, while breaking below may indicate downside risk.
Primary Strategy (Our Preference):
Entry Point: As long as 61,760 is support, expect the price to rise toward 64,370 and potentially 65,100.
Alternative Scenario:
Entry Point: If the price breaks below 61,760, consider short positions for potential downside.
Target Levels:
60,550: This serves as the initial downside target.
59,820: Further bearish momentum could push Bitcoin toward this lower support level.
Technical Outlook:
RSI Indicator:
The Relative Strength Index (RSI) is above 50, indicating bullish sentiment and supporting further upside.
MACD Indicator:
The MACD is positive and above its signal line, confirming the potential for further gains.
Moving Averages:
Bitcoin is trading above both its 20-period and 50-period moving averages (respectively at 62,441 and 62,143), signaling ongoing short-term strength.
Comment:
The RSI and MACD both indicate a bullish configuration. As long as the price remains above the 61,760 pivot point, further upside toward 64,370 and 65,100 is expected.
BTCUSD Reverses from Major Resistance, Downtrend ExpectedBTCUSD has been trading in a well-established downtrend channel over the past few weeks. Recently, it hit a major resistance level and is now showing signs of a reversal to the downside.
Key Resistance Break:
The price action indicates that BTCUSD is failing to break through the resistance level, signaling a potential continuation of the downtrend in the upcoming sessions.
Potential Target:
Looking ahead to next week, we anticipate that BTCUSD may resume its downward trajectory and could potentially touch the 55,000 mark if the bearish momentum continues.
RSI Momentum Shift:
Multiple RSI lines have shifted downward, confirming the weakening momentum and supporting the likelihood of further downside movement.
Conclusion:
Traders should watch for confirmation of the downtrend as BTCUSD moves further from resistance. The technical indicators, particularly RSI, suggest that the market remains bearish in the near term.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should conduct your own research or consult with a licensed financial advisor before making any investment decisions.
BTC UPDATE 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me !
Best Regards , Davis 🥰
Hit the like 🤞🏻 button to !! Motive some energy !!🥇
📌 Note :
⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading
⨹ This is my pre and post market analysis to improve my trading journey 🚀
⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀
⫸ You are responsible for your trading ✅ not me ❌ ⫷
HAPPY TRADING 🥰