BTCUSD H1 / POSSIBLE RISE AFTER THE RETRACEMENT 💲Hello Traders!
This is my idea related to BTCUSD H1. I expect a retracement until the resistance level, after that, I will look for a long entry. At this stage, I see Bitcoin as more bullish than bearish.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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Btcusdshort
Short on BTCI entered short on BTC, i like how it's retesting the main trendline, and i think this retest will lead the price to a consistent drop. Trendline also fit with H4 resistance. I placed stoploss just above the resistance zone, and placed my take profit at $41.000, big support zone on H4 timeframe
BTC - Expected Price Up Until HALVING📉Hi Traders, Investors and Speculators of Charts📈
With the ETF approval priced in, next thing is the upcoming BTC halving expected in April - but wat does this mean for the price of BTC?
When there's an unprecedented event that will affect the markets, it's helpful to return to the basics:
👉 Buy the rumor, sell the news
👉 Macro Analysis
👉 Candlestick analysis
👉 Buy the rumor, sell the news
The ETF was again, a perfect example of this. Although it's possible for the price to increase days leading up to the halving, from a previous analysis we determined that BTC usually drops before halving.
👉 Macro Analysis
Bitcoin is due for a correction / pullback. Even dropping to lower 30K zone would still be a lower high, classic Elliot Wave Theory before the next upwards impulse wave, which is the biggest ( wave 2).
👉 Candlestick analysis
BTC has made 8 consecutive green candles in the two week timeframe. A few red ones are definitely overdue. This will support as a "fundamental reason" for the halving drop.
NOTE that I am still BULLISH on BTC. We're in the opening moments of a new bullish cycle, but there are pullbacks and corrections in upward cycles - and I'm expecting that we're currently trading in correction wave 1-2.
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BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P
BTCUSD buy now don't miss this chart guy's BtcusdSupporting the bullish outlook are the Relative Strength Index (RSI) and the Awesome Oscillator (AO) momentum indicators. The RSI has overcome the 50 mean level and is retesting it as a support, which is a bullish indication. The AO is close to flipping above the zero level, which shows a shift in momentum favoring bulls.
In such a case, Bitcoin price could easily overcome the $48,222 level and potentially retest the $50,000 psychological level.
BTCUSD buy now 42701
Confirm Target. 46583
Always follow the trend
BTCUSD buy now H1 confirm move is buy zone BTC’s case, the imbalance was formed due to a spike in buying pressure, so a retracement into this area will be a good place for sidelined buyers to open a long position.
While this short-term play shows promise of a quick upside, investors need to be mindful of the big picture as well. As mentioned in a previous publication, Bitcoin price needs to produce a daily candlestick close above $48,222 to sustain the uptrend outlook.
Supporting the bullish outlook are the Relative Strength Index (RSI) and the Awesome Oscillator (AO) momentum indicators. The RSI has overcome the 50 mean level and is retesting it as a support, which is a bullish indication. The AO is close to flipping above the zero level, which shows a shift in momentum favoring bulls.
In such a case, Bitcoin price could easily overcome the $48,222 level and potentially retest the $50,000 psychological level.
BTCUSD Buy Now 42899
Confirm Target 46155
BTCUSD sell now today BTCUSD strong sell move BTC has consistently left exchange wallets since the Spot ETF approvals by the US Securities and Exchange Commission on January 10.
Analysts at crypto intelligence tracker Santiment note that Bitcoin’s exchange supply is in a downtrend. This has happened alongside an increase in stablecoin supply overn the past five weeks.
An increase in USDT reserves on exchanges is considered indicative of rising buying power, suggesting that it is likely that the mid-term bull cycle that started in October still has legs, the analysts said
BTCUSD Sell Now 43383
Confirm Target. 40100
One more push to 25k then a correction to 21k before takeoffBreaking 23.3k after holding 22.3 fairly well, I believe the market is due for one last push of the little volume (relatively) is left since the surge from 17k towards 25-26.3 and finally a healthy correction back to the lower limit support 19-21.2k.
And then off we go 30k<
📈Bitcoin price correction / Targets for the Bearish market📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders. Let's make it simple.
Bitcoin will retest lower levels around 43K. (But the most important dynamic level is the Daily Bollinger midline.)
If the price breaks below the specified area, Bitcoin can fall towards lower targets of $40,000 to around $37,500.
Many analysts are predicting a sell-off after the approval of the Bitcoin ETF.("Sell the news")
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BTCUSD - DAILY SHORT STRUCTURE (TARGET 34K)8 Step Analysis:
1) Price broke out of its bullish continuation structure and pursued its rally onwards.
2) A range was formed following the breakout which accentuated the anticipation of the Bitcoin Spot ETF approval by the SEC.
3) This anticipation was shown by leveraged longs that increased open interest through the roof obviously giving a lot of liquidating manipulation opportunities to market makers. You can see this with the multiple false breaks, liquidity grabs, resistance retests, etc (whatever you want to call it, it's all the same thing)…
4) Price retraced back into the range after breaking buyside which is crucial info. I think whales are already in their comfortable shorting pants ready to watch retail scatter in confusion. 'Why would BTC crash?! The ETF was approved!!!' Well they control the narrative and therefore what you think (except if you are one of the rare few in the crypto sphere with a sense of critical thinking).
5) One last bounce higher to build back hopes one last time just to liquidate more longs on the painful way down (or pleasureful way down if you also put on your comfortable shorting pants).
6) The descent should have started (at this point this may be far fetched to try and predict days or weeks in advance but let's try) and sellside should be taken out.
7) The last piece of liquidity I am interested in is below the (1) breakout structure (I refuse to call it a triangle lol). This to me really represents a juicy price to actually start building a serious swing position.
8) The trend continuation.
BITCOIN SELLING ON DIPS !!! HELLO TRADERS !!!
As i can see a 15 min TF consolidation zone in a triangle so we think if it not break the stoploss zone 44200 we can see this is a easy TP,s #BTC can drop more have look on our given analysis on a daily TF chart which is attached with this chart its just an trade idea share ur thoughts with us
i help Traders Community
Stay | TUned
BTC signal short (BTC)📊Analysis by AhmadArz:
🔍Entry: 41760
🛑Stop Loss: 41833
🎯Take Profit: 41651-41526-41313-40983-40782-40584
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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The fate of crypto in 2024 2023 has been a good year for crypto, and we are nearing the end of the year.
But what will happen in 2024? Will we encounter a bullish market like 2023?
Before drawing conclusions, there are several key levels that you need to know.
If you pay attention, during December Bitcoin tried hard to penetrate 44,376.
This level is very important, because Bitcoin's minor support is getting higher and this support also determines Bitcoin's future fate.
If I zoom out, this minor support comes from the bullish rally, since October.
Will this support last until the halving?
Let's unpack pre-halving history
December 02, 2012 Halving
105 days before the halving, minor support broke and returned to major support. And it happened again 56 days before the halving.
The interesting thing here is, the bullish key level was broken after the halving.
July 02, 2016 Halving
Several times minor support was formed, broke, and return to major support.
Bullish key level broken 176 days after halving
May 03, 2020 Halving
Several times minor support was formed, but failed, and touched major support 52 days before the halving.
Bullish key level broken 161 days since formation.
April 21, 2024 Halving
We are currently 115 days before the halving.
Is the minor support broken and Bitcoin returns to major support before the halving?
By looking at the history of previous halvings, does not rule out the possibility that 2024 will start with a sell-off, Bitcoin will return to major support at the $32,000 level.
Short sell entry on BTCUSD?BTCUSD provided a short sell entry as the bearish flag breakthrough was followed by a break of the 50DMA. Following the ETF approval, there was a surge in distribution, indicating a local top. I believe it is time for BTCUSD to make a major pivot.
I am an optimistic person, and shorting does not fit my psychological profile, thus I prefer long-only trading. And, yes, we should keep in mind that we are still in the early stages of a bull market.
Note - Altcoins like ETH and BNB are forming bullish flags signifying a divergence.
Bitcoin Price in Need of a Boost: Key Levels to WatchThe current state of Bitcoin's value requires a push from investors, as the cryptocurrency finds itself hovering around the $43,000 mark at the time of writing. Following a 7.7% dip over the past weekend, BTC has fallen below the upward trendline, which previously acted as a crucial support level.
The Relative Strength Index (RSI) has also, for the first time in three months, dropped below the neutral 50.0 level, indicating a mild downward trend at present. Despite Bitcoin's attempts to break free from the 50-day Exponential Moving Average (EMA) at around $42,069, there is potential for recovery as long as the $44,000 barrier is breached.
The market sentiment surrounding Bitcoin hinges on the successful overcoming of the $44,000 resistance, offering a chance for the cryptocurrency to regain its footing. Investors will be closely monitoring this critical level, as a decisive breakthrough could pave the way for a renewed upward trajectory. As Bitcoin navigates these key levels, the coming days will likely unfold with significant implications for its short-term price action.