BTCUSD 4H : Support further rise upBTCUSD
New forecast
Bitcoin price made some temporary downward correction and is trying to resume positive trading with the opening of the day, keeping the bullish trend scenario in place for the coming period, remembering that our next main target extends to 35048 and 35754.
Moving average 50 supports the proposed bullish wave, keeping in mind that breaking 33022 will stop the positive scenario and put the price under negative pressure again.
The expect range trading for today will be between resistance line 35754 and support line 33022.
support line : 33022 , 31044
resistance line : 35048 , 37000
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Btcusdtrade
BTCUSD I Potential downsideWelcome back! Let me know your thoughts in the comments!
** BTCUSD Analysis - Listen to video!
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BTCUSDT BITSTAMP:BTCUSD has had a major push breaking above the 30,500 resistance area. We just might see a push back into that area again to retest the broken resistance as a new found support, if it is sustained, price may end up pushing higher and if otherwise, we may see price pushing lower.
Support areas to keep in mind, 30,500; 25,000; 19,500 and 15,981
Resistance to keep in mind 43,500; 58,800
Happy hunting
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
BTCUSD: Pent-up for years, trillions of dollars of institutionalAccording to a blockchain executive at professional services provider Ernst & Young (EY), Bitcoin is seeing strong demand from institutional investors but is still waiting for Bitcoin spot ETF approval to trigger a buying surge.
EY global blockchain leader Paul Brody believes that Bitcoin is seeing a lot of pent-up demand from institutions due to US regulators not approving spot Bitcoin ETFs for years.
Brody discussed the outlook for cryptocurrency adoption on CNBC's Crypto Decrypted on October 23, claiming that trillions of dollars of institutional money is waiting to join Bitcoin once the BTC ETF is approved.
BTC Surges Past $35,000! Join the Excitement and Long BTC Now!I am thrilled to share with you some exciting news that has sent shockwaves through the market: Bitcoin (BTC) has just broken through the $35,000 barrier, reaching new heights in its incredible journey!
But that's not all! As if this milestone wasn't enough to get your heart racing, the Blackrock Ishares Trust has recently been listed on the Depository Trust and Clearing Corp (DTCC). This development further solidifies BTC's position in the financial industry and signifies a significant step towards mainstream adoption.
Now, let's take a moment to appreciate the magnitude of this breakthrough. Bitcoin has been on an astonishing bull run, defying expectations and proving its resilience time and time again. With each new high, it becomes increasingly clear that BTC is here to stay. The potential for substantial gains has never been more real!
So, what does this mean for you, dear traders? It's an invitation to seize this opportunity and ride the wave of BTC's success. With its recent surge, Bitcoin has once again captured the attention of both seasoned investors and newcomers alike. The time to act is now!
If you haven't already, consider taking a closer look at the potential benefits of longing BTC. By embracing this exciting trend, you position yourself to capitalize on the market's upward momentum. The Blackrock Ishares Trust listing on DTCC further reinforces BTC's legitimacy and opens doors to a broader range of investors, potentially driving prices even higher.
Don't let this moment pass you by. Join the ranks of those who have recognized the immense potential of Bitcoin and take action to long BTC today! Remember, the cryptocurrency market is dynamic and ever-changing, and the opportunities it presents are time-sensitive. Don't wait for the next big announcement; make your move now!
To get started, I encourage you to conduct thorough research, consult with trusted experts, and carefully consider your trading strategy. As always, it's essential to stay informed, practice risk management, and make well-informed decisions.
Let's embrace the exhilaration of this moment together and set our sights on reaching new heights with BTC! Long Bitcoin and embark on this thrilling journey of potential wealth creation.
Wishing you profitable trades and endless excitement!
Everyone sees this pattern on BTC chart, but will it work out ?Today, we're going to look at several scenarios for possible Bitcoin price movements.
Let's start with the fact that our previous trade for BTCUSDT hit the breakeven stop yesterday. Although this trade showed +7.5% at its maximum and 2.5% to take profit, we recorded a +0.7% result. We hope that someone else managed to make better use of this trade and record a higher profit.
The triggering of a stop order makes it necessary to analyze the chart on a larger time frame and consider various possible scenarios in the future.
Head and shoulders is a global trend reversal pattern.
Probably, most people looking at the BTCUSDT chart now will be able to see something similar to the probability of H&S formation.
However, there is an important note: the final confirmation of this pattern will come only after the price of BTCUSDT breaks through and fixes below the "neck of the pattern", i.e. below $24600-25300. Therefore, it is very important to wait for the confirmation of this pattern.
Here's an example from 2020 when the same pattern was drawn twice, once it deceived, and the second time it worked:
And it is very likely that the first time, novice traders did not wait for the pattern to be confirmed and open short position above the neckline and suffered a loss on the upside. And the second time, they suffered a loss by taking longs, because they thought that the pattern didn't work at all, as it had already happened a few weeks earlier, and the pattern worked out well after confirmation.
As the BTC price drops, we will analyze the market situation at the moment and look for a range to enter longs. At the moment, this range starts from $25300 (if buyers do not allow the low to be updated) to $24600 (if sellers manage to break the stops that are hidden behind the two previous neckline lows).
So, if you like the way we think, comment on this idea, like and subscribe to us. And you will receive a notification from Tradingview that we have updated this idea and published a "fresh" trade .
If the price of BTCUSDT does consolidate below $25000, then there is a good chance that the pattern will work out. The target for this pattern is around $19700. But for now, at least for us, this is too obvious an option that everyone can see. But unfortunately or fortunately, "everyone" cannot make money in the market, can they?)
Bitcoin Trade Set up for Me! {07/08/2023}Educational Analysis says BTCUSD may move in this range for some time according to my technical.
Broker - Bitstamp
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because BTC fair value gaps are unfilled in a 4-hour time frame.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
The Rectangle box is an Order block for trading.
The blue line is high and low of the current price.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
BTC excellent short entry 3090012h time frame
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We have talked about many potential top structures about Bitcoin, such as Head and Shoulders(ref.1), Butterfly(ref.2) and Diamond structure(ref.3). All analysis point out that Bitcoin is creating a huge top structure before next bull. This is also the last chance to catch a potential crazy dump in this bear period. If we take liquidation hunting into consideration, 30700~31000 is the excellent entry to open short, which has the best risk to reward ration over 8. If Bitcoin start dumping from that zone, targets as below.
TP1: 25000
TP2: 20300
TP3: 18000
Also, 17000~18000 is the expected bottom before bull.
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ref.1 Head and Shoulders structure
ref.2 Harmonic pattern
ref.3 Diamond structure
BTC will history repeat?1D time frame
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According to left chart, Bitcoin pumped rapidly on 25th Oct '19, which date range was around 198 Days away from 2020 halving, Bitcoin increased by 45% in two days.
Next, Bitcoin made a waterfall over 60% since Feb '20, then Bull market was triggered.
Nowadays, Bitcoin extremely increased by 20% in Oct '23, and we need around 200 Days to reach next halving in 2024. All phenomenons are similar to 2019, so we can expect a huge dump based on previous analysis of Bitcoin top structure(refer to below links). Therefore, stay patient and get ready to buy spot!
Accurate Bitcoin analysis about top structure and bear bottom.
Bitcoin PRZ analysis of Harmonic pattern.
BTCUSDT at daily support and likely to head up to 27636The price has hit the daily support. I think this daily support will hold the price and stop it from moving downward for now. This creates a favorable condition for a long trade as the price is likely to bounce from this support. The price migh go deep further into this support zone so I will slowly build the position as the price moves into this zone. There are two targets for this trade. One target is the hourly resistance around 27396 where the price will face some resistance and pullback. Therefore offloading some size here and then adding again on pullback is favorable. The final target is the 4h resistance 4HR1 around 27636.
BTCUSD Trend AnalysisExpecting a fall of around 17% towards 22000 level as per the WXY correction after which a massive 120% rally will happen towards 49000 level.
This 17% fall will sweep the liquidity to fuel the upside move and is highly likely to happen.
This is in correlation to Crypto Total Market Cap which is linked below.
Good to look for investment opportunities during this fall instead of panicking.
This is not a buy or sell recommendation, do your own due diligence before taking any action.
Peace!!
$BTC's Key Resistance Trendline for This WeekBTC has been very bullish since late September and early October, but has reached strong resistance at $28k. The orange trendline is a key price target where BTC bulls and bears are struggling to gain control over this price level. The trendline acted as support for a few hours before ultimately breaking below, and is currently acting as short-term resistance. For now BTC is trading in a range between the white support zone and the $28k resistance level. In order for BTC to climb up higher this orange trendline needs to be flipped into support. The markets have been affected by the new Israel Palestine conflict. Other key events this week are September PPI inflation data and Fed meeting minutes on Wednesday October 11. I think the markets are likely to have some sideways price action on Tuesday in anticipation of the new inflation and fed data.
BTC excellent short entry 29k12h time frame
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Bitcoin dumps 1.5% today, and many people think the huge dump is coming. However, if we take a look at the uptrend since 24901 on 12th Sep, this uptrend line has not been broken yet which means Bitcoin is still on the upward way. Combining with 0.618 Fibonacci Projection, there is a structural support around 27000~27300. Therefore, we can set up a trading plan once Bitcoin reach and get support at that zone, and target is 29000~29500, also the excellent entry to open short as we pointed out in previous Bitcoin two analysis: the critical pattern-Head and Shoulders(ref.1) and PRZ of Harmonic pattern(ref.2). Both targets are 18500~15800.
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ref.1 Head and Shouders
ref.2 Harmonic pattern
BTC target 29k in October4h time frame
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According to previous analysis about Butterfly pattern on Bitcoin(ref.1), there is a PRZ around 29000~29400. Today, we are going to talk about the time analysis, if take a look at the analysis about Bitcoin bear bottom (ref.2), a potential top structure-head and shoulders was pointed out in that post. Further, separating the left shoulder into two waves, from the dumping wave(31000~24700) took 62 days to create. This date range allows us to estimate the time that right shoulder needs, and the best timing to reach RS top is before end of October.
Obviously, once Bitcoin start pumping and going into PRZ, we can open short there, and there are two scenarios(white & blue trend), I will talk about these two potential scenarios, including target, stop loss and risk in near future
ref.1
ref.2
BTC small Heand and Shoulders1h time frame
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Bitcoin broke the downtrend line on 2nd Oct. Currently, Bitcoin is retesting to search R/S balance zone, also is creating a potential HS on 1h time frame, which is good for retesting structure because it shows potentially available support. However, we need to consider the possibility of longer consolidation, so this bottom HS trading plan will only be triggered while breaking neckline at 27650.
BTC.D Predicts 38K BTC SoonI have been tracking the BTC.D Wyckoff Accumulation 3 Days Chart since last year and have posted its progress through all the Wyckoff Phases regularly.
It's time for another update on this.
So, in my last update we have seen BTC.D break up from the Accumulation zone and hit first resistance. Now it has come back down to test the Breakout zone.
As per the Wyckoff model, this is where the actual breakout happens.
Also, I have highlighted that BTC.D has been moving up in an upwards parallel channel and you can see what happens to BTC when BTC.D taps the lower edge of the parallel channel.
It has tapped the lower edge three times in the past since the 15K bottom which resulted in an average move of approx 45% in coming days and weeks. If this pattern continues, we should see 38K BTC very soon.
BTC Butterfly Pattern (entry 29100)4h time frame
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Bitcoin is approaching the falling trendline which Ethereum already broke out, so we can predict Bitcoin tend to go upside in near future. Also, Bitcoin is creating a potential bearish harmonic pattern_butterfly, which utilize 1.272 Fibonacci Projection to estimate PRZ at 28900~29100. Further, combining our previous analysis of potential Head and Shoulders structure, the top of right shoulder might appear at the range 29150~29500. Therefore, once Bitcoin maintain this pumping momentum and go into this zone, we can observe whether reversal PA appear, then it could be the best short entry before this bear bottom.
Bull Run For BTC Traders. My Trade Lookout. {24/09/2023}Educational Analysis says BTCUSD may go Long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Broker Binance.
Because BTCfair value gaps are unfilled in a 4-hour time frame.
So one trade is already on with RR is 1: 17.43
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.