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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
#BTC/USDT Weekly Update! $58k first!#BTC Weekly: Closed red at $54,881. Holding the GETTEX:54K support is a positive sign in the short term. However, the price action seems incomplete, with substantial liquidity sitting around the GETTEX:48K and $43K levels (as mentioned in my previous article on BTC). The key focus right now is maintaining the GETTEX:54K level. If we lose this level on the daily chart with a confirmation candle, expect lower levels to be swept soon. That said, as long as we hold the current level, we could see a retest of $58K to capture liquidity. BTC Daily:- The daily chart looks promising, as the price has bounced off the support, with a confirmation candle printing today. Stay tuned, and I’ll keep this chart updated. Hit that like button and share if you like it. Thank you #PEACE
COINBASE:BTCUSDLong
by Cryptorphic
#BTC/USDT#BITCOIN Bitcoin is moving in a descending channel on the 4-hour frame and the price has reached a strong support area in green at $57,200 There are rising loads from the current support level but it needs upward momentum to be able to reach the targets Entry price $58,000 First target $60,257 Second target $62,236 Third target $64,000 The pattern is canceled if the support level in green at $57,200 is broken In that case, the price will be heading to $54,100, which is a strong support level
Long
by CryptoAnalystSignal
BTC: Can $50K Hold Strong This Time Around?Bitcoin Update: BTC closed below GETTEX:54K on the daily chart, bringing the price close to the support trendline. As expected, BTC has made a bearish move. What’s next? The $50.6K support, or around $50K, must hold to help BTC rebound and rally. The RSI is attempting to form a bullish divergence; if successful, it could be positive for BTC. For now, all eyes are on the support range between $50K and $52.5K. Hope this helps. Trade safely. Best regards, Team Dexter #BTCUSDT #Crypto
by Dexter_The_Trader
BTC Swing Long to 65k & 70kTrade Idea: Bottom for Bitcoin Might Be In This chart suggests that Bitcoin may have found its bottom, with the potential for a bullish reversal. The following elements highlight this outlook: 1. Liquidity Zones: - Liquidity/TP1: The chart highlights a take-profit zone (TP1) near the $64,000 level, where liquidity is expected to reside. This is the target area for the long trade. - Prev. Monthly High: This is noted above the $70,000 level, potentially acting as a higher resistance level and extended target if momentum continues after TP1. 2. Entry Zone: - The gray shaded area near the $55,000 level represents the entry zone, with liquidity around this price. This suggests that the price may have tapped into an important liquidity pool before starting its upward movement. - External Liquidity: This region below the current price might have acted as a liquidity sweep, further confirming the bottoming pattern. 3. Fair Value Gap (FVG): - The chart identifies a FVG (Fair Value Gap) around the $56,000 level, which could act as an area of interest. Price has filled this gap, possibly signaling the completion of its downward move. 4. Market Structure: - The market appears to have tested lower liquidity levels and rejected them, potentially signaling that a local bottom has been established. The price action shows consolidation in the entry area, indicating accumulation before a potential upward move. This trade idea would be well-suited for traders anticipating a medium-term bounce after Bitcoin’s recent downward movement.
Long
by SerenityEquity
140 Days into the 2024 Post-Halving for $BTCWe have 47 days until the new CRYPTOCAP:BTC ATH. Watch for pressure driving the price down as there is a high potential to retest the $50-52k range within the next 9-10 days. Avoid capitulation if possible. Historically, the parabolic phase of this cycle will start within the next 4-5 weeks. ---------- Key Notes: - Holiday Prediction Levels - Halloween | 2024 | GETTEX:82K Thanksgiving | 2024 | $105k Christmas | 2024 | $142k New Years Day | 2025 | $185k - 500 D ATH Prediction Levels - Bear | $110k Base | $200k Bull | $314k - 280 D ATH Prediction Level - Realist | $148k ---------- Prediction indicators based on historical data from the 3rd Post-Halving cycle. Institutional, Micro, Macro and Seasonal economic pressures from either direction could blow this off course. I am hopeful the pending September 2024 Fed Rate cut will move the new ATH up by 10-15 days and result in a higher retest low before going parabolic. ---------- Indicator used is LuxAlgo's historical price prediction indicator, Date is 9/5/20 used on a daily chart with a growth factor of (1). The BLUE trend line is traced over the 2020/2021 parabolic phase of the 3rd bull cycle.
COINBASE:BTCUSDLong
by RILOBUYLOW
2