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Btcusdbuy

Bitcoin's Rally Toward $62,300hello guys as I said before: The chart shows a completed inverse head and shoulders pattern, signaling a bullish reversal. Price broke above the yellow resistance zone, confirming the bullish breakout. Next target is near 62,300 USDT, as shown by the horizontal resistance. Price is currently consolidating within a reachable area (yellow zone), potentially retesting the breakout level. Expect an upward continuation if the price holds above the support zone, with a strong chance of reaching the next target. A failure to hold this zone could result in a retracement back to the QML (Quasimodo level). ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
8
Short idea on $BTC In the local setup, I see a good opportunity for execution, with a risk/reward ratio of 1 to 5, which is very favorable. However, the risks here are quite high, so I will enter with a small portion. Reasons for entry. Based on the structure, it’s clear that we are retracing to 0.382 or 0.618 and then heading down. You can check this yourself. Since my portfolio is long, I won’t have any significant losses. If we drop, I’ll reinvest part of it.Reasons for entry. Based on the structure, it’s clear that we are retracing to 0.382 or 0.618 and then heading down. You can check this yourself. Since my portfolio is long, I won’t have any significant losses. If we drop, I’ll reinvest part of it.
Short
by MyTechNAz
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 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
#BTCUSD 4HBTCUSD 4H Trading Setup Buy Level: 55,600 Target Level: $66,000 The BTCUSD pair shows a promising upward trajectory on the 4-hour chart. A key buy signal is identified at the level of $55,600. This level represents a strategic entry point, aligning with current technical indicators suggesting strong support and potential for a bullish movement. Once entered, the target level is set at $66,000, where significant resistance is expected. This target reflects a potential gain based on the current market structure and momentum. Key Considerations: Risk Management: Ensure proper stop-loss orders are placed to manage downside risk in case of market fluctuations. Market Conditions: Stay updated on broader market conditions and news that might impact BTCUSD price movements. Technical Indicators: Monitor key technical indicators such as moving averages, RSI, and MACD for any signs of trend reversal or momentum shifts. This setup assumes favorable market conditions and is based on technical analysis; adjustments may be necessary based on evolving market dynamics.
BINANCE:BTCUSDLong
by PIPSFIGHTER