Btcusdshort
BTC USD signal Bitcoin (BTC) trades slightly down at around $67,500 on Friday after finding support around the $66,000 level on Wednesday, following three consecutive days of decline earlier in the week. While prices are down around 2% this week until Friday, the technical outlook suggests a bullish bias for BTC, projecting a new all-time high of $78,900 in the short-term.
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Bitcoin Bears Strike! Key Short Entry with Multiple Targets Set!BITCOIN (BTCUSDT) 15m Timeframe Technical Analysis:
In the 15-minute timeframe, Bitcoin (BTCUSDT) has offered a short trade entry at $67,607.9, following a breakdown below the Risological dotted trendline. This signals a potential downside, with multiple targets charted below for this trade.
Key Levels:
Entry: $67,607.9
Stop Loss (SL): $68,227.5
Trailing Stop: $67,676
Target 1 (TP1): $66,842 (First target)
Target 2 (TP2): $65,602.6
Target 3 (TP3): $64,363.3
Target 4 (TP4): $63,597.4
Observations:
The price broke below the Risological dotted trendline, indicating bearish momentum.
Trailing stop at $67,676 is in place to secure profits as the price moves lower.
Bitcoin is poised for further downside, with multiple targets set. The strong rejection below the Risological dotted trendline supports the short bias, and traders should watch for price action around the targets for potential exits or extensions of the trade.
Sell BTC/USDT Wedge BreakoutThe BTC/USDT pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge Pattern pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 67600, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 64756
2nd Support – 63264
Stop-Loss: To manage risk, place a stop-loss order above 69940. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Gold and Bitcoin: Dual Insights for Investment OpportunitiesWith the instability in international affairs, gold has reacted first, successfully breaking through the $2700 mark. Meanwhile, BTCUSD remains stuck in a low-range consolidation, despite conditions that should have led to a breakout long ago.
From the weekly candlestick chart, it's evident that this week, the BTCUSD price has completely broken through the MA30 resistance. Historical data shows that after significant upward movements, prices often experience a pullback before rising again. So, will history repeat itself this time?
I believe the probability is very high. Therefore, if you have funds available but are unsure where to invest, consider converting your money into Bitcoin and waiting for its gradual appreciation, or directly invest in BTCUSD with a long-term strategy. I think this time, the price could reach 78K .
BEARISH PRESSURE ON BTC to 56,282.5 priceGood afternoon traders,
Trust you are doing great.
Please find below my outlook on this cryptocurrency, BTCUSD.
Type: Emerging Bullish Gartley
Completion Point (D):
Projected at approximately 56,282.5
Consider short positions as the pattern approaches this level.
Potential Reversal Zone (PRZ):
Range: 56,282.50 to 56,036.69
I expect to close short trades within this zone, anticipating a bullish reversal.
Target Levels:
These are my potential targets
T1: 57,487
T2: 56,935
T3: 56,282.50
These are key Fibonacci levels for exiting trades as the price moves downwards.
Entry Criteria:
Though the trade is currently in play, as such this is a late analysis. But here was my thought line before the trade was triggered. I allowed the 60,298 price to be broken just to allow the market to show bearish commitment before entering short trades.
Stop loss:
The trade will be invalidate if price goes above leg A. However, because the trade is aggressively towards the D leg, 61,355 would be a decent SL position.
Cheers and happy trading!
$BTC Daily UpdateSo BTC Price Action has been played out as expected so far. You could check my previous analysis for more information.
Very strong bearish momentum after mitigating premium and unmitigated daily supply range that we have been waiting for. Price have collected a lot of internal liquidity in Dailly Fractal Structure and I assume the next level price might go is down to $44.000
There is daily flip demand zone at the level of 62.000 - 63.300, and we might get a bullish reaction from that level, but I personally think that level will be used as liquidity and price to mitigate 59.000 - 61.300 demand range. And that is where we could get a bullish reaction If we get any.
Do not try to catch any longs before getting any bullish reaction from the demand zones.
Shorts from 65.200 - 68.000 more probable imo
Bitcoin's local perspective 14.10.24The old logic of the forecast from last Monday was achieved👇
After that, the price went under the mentioned trend line and continued its drop.
Now there are no new swing models for INDEX:BTCUSD , and within the existing ones there is a correction to the zone of $64,000-$63,648
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