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Btcusdtoday

BTCUSDT, Long from a crucial supporttBTCUSDT has been a bearish trend since it rose to $28,143 on 29th August 2023. The bears have been able to bring down the price to equal lows since 22nd August at $25,331. Price is currently reacting on a month support ($25,836) and a break below this level could further plunge the price to $21.410.6 What do I expect? The current price is exactly reacting at the base of the trendline support of the ascending channel since 19th January 2023 and the bears are losing momentum at this level which is the reason why the bulls will overtake the bears to drive up the price to $26,606 and further to $27,601 in the coming days.
Long
by AbeikuGlobal_FX
3
🔻 BTCUSDT 🔻 SHORT - Local on 01/09BTC 1-hour Chart - BINANCE:BTCUSDT COINBASE:BTCUSDT BINANCE:BTCUSDT.P KRAKEN:BTCUSDT The global targets I previously mentioned are currently being confirmed, and BTC has executed a bearish manipulation towards the 27500 targets. Locally, after an impulsive downward movement, liquidity was removed, and we observed a rebound. Subsequently, the market entered a small range. I anticipate the removal of liquidity on both sides of the range, rebalancing, and further downward movement towards the primary targets. I've identified local targets that could lead to corrective movement. P.S. If you find this idea interesting, hit the "Rocket" 🚀 (👇). It would be greatly appreciated and motivates me to continue sharing my market insights. Subscribe ↗️ to stay updated on new ideas.
Short
by SHIFU_
DYDX Cup & Handle needs break for Long!KUCOIN:DYDXUSDT BINANCE:DYDXUSDT has crawled over a resistance level. Buyers are lurking around and a possible build up is printed. Plan A - Long: Breakout of build up. Plan B - Short: Breakdown of buildup. CRYPTOCAP:BTC - at major level that needs to break and hold for upside, otherwise downside. CRYPTOCAP:BTC - idea here: tinyurl.com or here: tinyurl.com If you're an aggressive trader, you could potentially already be in. Consolidation is boring but buildups are secrets for pre-moves. Nothing guaranteed and that is why we always manage risk. Let's get it! Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. www.tradingview.com
Long
by imr4nkh8n
BITCOIN range candlesticks and more correction ❌🧨Hello 🐋 based on the chart, the price stick in the range market cycle and it is temporary 💡📖 beside it is close to the descending channel resistance and resistance area and breakout of support to the downside happened 📖💡 for any other huge pump, we need more correction to the downside ❌🧨 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
6
A Tale of Two ScenariosHello, and thank you for joining me in this analysis. Today, we delve into the current state of Bitcoin (BTC), highlighting the formation of a head and shoulders pattern and potential breakout scenarios. Head and Shoulders Pattern: The head and shoulders pattern typically signifies a trend reversal in technical analysis but it can also act as a continuation. In this case, however, it's forming above an important resistance level and features an upward sloping neckline, hinting at a possible continuation of the prevailing trend. Analysis: Over the past 55 days, Bitcoin has been forming a head and shoulders pattern. Yesterday's high wave candle, marked in orange, perfectly encapsulates the market's current state of uncertainty, with both buyers and sellers unsure of the future direction or in other words; confusion. As technical analysts, we cannot predict the exact direction of the breakout, but we can prepare for potential scenarios: Bullish Scenario: If the price breaks above the right shoulder with a candle close , it would signal a bullish continuation of the head and shoulders pattern. In this case, we would look to buy on the break, targeting a price level of $43,000. Bearish Scenario: A bearish breakout, signaled by a candle close below the upward sloping neckline, would indicate a selling opportunity. Here, the price target would be $23,386. Conclusion: While the head and shoulders pattern typically suggests a trend reversal, its formation above a significant resistance level in Bitcoin's chart may signal a continuation of the current trend. A bullish breakout is still feasible as long as the price maintains support from the upward sloping neckline. However, the more frequently this support is tested, the weaker it may become. As always, this analysis does not constitute financial advice, and individual due diligence is highly recommended. Always consider risk management and proper position sizing in your trading decisions. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best Regards, Karim Subhieh
INDEX:BTCUSD
by KarimSubhieh