📊#BTC fell below the wedge-shaped support line again.dump!!!
🧠While I expect BTC to hold the support line, there are too many bears. Through the data on the chain, we can see that a large number of BTC and ETH have poured into exchanges in recent days and are waiting to be sold, so we need to be extra cautious.
Whether the $25,000 can be hold is also critical, if not, then there is likely to be a huge dump and sweep LL
💕 Follow me so you don't miss out on any signals 💯
#Crypto #Binance #trading #wolf_king888
Btcusdtshort
BTC Hits New Support Level at $24800Introduction:
In the ever-volatile world of cryptocurrency, Bitcoin (BTC) has recently encountered a significant shift as it reached a new support level at $24800. This sudden development has raised concerns among traders, prompting a need for caution and careful evaluation of the market conditions. In this article, we will delve into the implications of this support level and emphasize the importance of waiting for clarity before resuming Bitcoin trading.
The Importance of Support Levels:
Support levels play a crucial role in technical analysis, indicating a price point at which an asset is expected to find buying interest and reverse its downtrend. They act as a safety net, preventing prices from plummeting further. The recent establishment of a support level at $24800 for Bitcoin suggests a potential stabilization in its value. However, it is essential to remember that these levels are not guarantees but indications of possible reversals.
The Concerning Tone:
Traders, we find ourselves in uncertain times. The cryptocurrency market has always been known for its volatility, and the recent developments surrounding Bitcoin only add to the confusion. As we navigate through uncharted waters, it is crucial to approach this situation with a concerned tone. Instead of hastily jumping into trades, we must exercise patience and wait for clarity to emerge.
Why Pause Bitcoin Trading?
Given the current circumstances, it is prudent to pause Bitcoin trading until we understand the market's direction. Here are a few reasons to consider:
1. Market Sentiment: Establishing a support level at $24800 is a positive sign but does not guarantee an immediate upward trend. Assessing market sentiment and observing traders' reactions to this new support level is crucial before making any hasty decisions.
2. Volatility and Risk: Bitcoin's recent volatility has left many traders on edge. Sudden price swings can result in significant losses if not approached with caution. We can minimize the risks associated with uncertain market conditions by pausing trading.
3. Clarity is Key: Waiting for clarity is essential to make informed trading decisions. It allows us to evaluate the market trends, monitor price movements, and analyze the impact of external factors that may influence Bitcoin's trajectory. We can avoid impulsive actions driven by fear or uncertainty by exercising patience.
The Call to Action:
Traders, in these uncertain times, must prioritize caution and prudence. It is crucial to continue pausing Bitcoin trading until clarity emerges and a clear upward trend is established. By doing so, we can mitigate potential risks and make informed decisions based on market stability.
Remember, the cryptocurrency market is highly unpredictable, and impulsive actions can lead to significant losses. Take this opportunity to educate yourself, stay updated with market news, and seek guidance from trusted sources. Together, we can navigate this challenging period and position ourselves for success when the market stabilizes.
In conclusion, let us exercise patience and restraint until the market provides a more straightforward path. We can make informed decisions and protect ourselves from unnecessary risks by waiting for clarity to show a definitive upward trend. Stay informed, stay cautious, and most importantly, stay resilient.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your research and consult a professional before making investment decisions.
Bitcoin Reaches Close to Death CrossI write to you with a cautious tone as a significant development is occuring in the Bitcoin market: the dreaded "death cross."
As many of you may already know, the death cross is a technical pattern that occurs when an asset's short-term moving average crosses its long-term moving average. In simpler terms, it signifies a potential shift in market sentiment from bullish to bearish. Unfortunately, our beloved Bitcoin has just experienced this ominous event.
While it is crucial to acknowledge that technical analysis is not always an accurate predictor of future price movements, the death cross has historically been associated with increased selling pressure and a potential downtrend. This pattern has caused concern among traders, prompting us to take a momentary step back and reevaluate our strategies.
Considering this development, I encourage you to exercise caution and consider pausing Bitcoin trading. It is essential to reassess your risk tolerance, evaluate your investment goals, and diversify your portfolio to mitigate potential losses. Remember, preserving capital is just as important as generating profits.
As seasoned traders, we understand the allure of cryptocurrencies and the potential for significant returns. However, it is crucial to remember that the market is highly volatile and subject to rapid changes. Taking a momentary pause to analyze the situation and gather more information can be wise.
I urge you to stay informed about the latest market trends, news, and expert opinions. Consult financial advisors or trusted sources to gain insights and make informed decisions. Remember, knowledge is power in the world of trading.
While feeling uncertain during such times is natural, it is also important to remain level-headed and disciplined. As the saying goes, "The market is always right." By exercising caution and adapting our strategies accordingly, we can navigate through these challenging times and position ourselves for future opportunities.
In conclusion, I encourage you to pause Bitcoin trading, reevaluate your approach, and gather more information before making any hasty decisions. Let's take this moment to reflect, learn, and adapt our strategies to the current market conditions. Together, we can navigate these uncertain times and emerge stronger.
BTCUSD US Federal & 4H (Pivot Price: 27293)BTCUSD
US Federal
The Federal Reserve this month stepped up scrutiny of banks' involvement in cryptocurrency assets, in the latest move by US regulators to curb activity in the US crypto industry.
The US Federal Reserve said that it has put in place a program to strengthen oversight of the activities of the banks it supervises, which are engaged in providing services related to digital assets and the crypto industry.
stabilizing above 27293 will support rising to touch 28287 then 29064 then 29840
stabilizing under 27293 will support falling to touch 26003 the 24694
Pivot Price: 27293
Resistance prices: 28287 & 29064 & 29840
Support prices: 26003 & 24694 & 23324
timeframe: 4H
❤️Please, support my work with like, thank you!❤️
Bitcoin this bear bottom 15k~18k12h time frame
-
Creating a completed top structure like HS can provide more momentum to future dump.
Therefore, Bitcoin has the potential to pump again to make the right shoulder for the big HS.
Top of the potential right structure is around 28500~29500, pay attention to open short if we see this pump in near future.
Also, in order to liquidate as much long positions as possible before 2024 halving, the neckline at 25200 need to be broken, then a huge dump following based on HS structure, its final target 18500~15800, which is also the great and sweet range to buy Bitcoin!
🔻 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.
BTC - Trendline Break, Bears DominateHi Traders, Investors and Speculators of Charts📈📉
Sellers are showing up on lower timeframes and bears have taken control of the price action for the short term.
What seems likely here, judging by the technical indicator, is a rejection of the red RSI at 50 meaning a slow continued downtrend until the RSI rises above 60 in the daily.
From the Green EMA dropping sharply, we deduct that the sellers have taken control in the lower timeframes.
For now, the best course of action seems to be observing from the sideline and look for other trading opportunities with better risk/reward setups across the altcoin market.
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
BTCUSDT heading fro hourly support, likely to bounce from thereTwo trade ideas here for this. One short and then the other long. The price is rejected from 4h resistance 4HR1 and currently pulling back. I think the price is heading for hourly support HS1. Once the price reaches there, it is likely to bounce from there providing an entry for long trade.
Short Entry for Bitcoin near-termFire at will!
Bitcoin broke a short-term consolidation to the upside
Strong resistance ahead from a previous channel breakdown
Current price action is likely a short-squeeze
CME Gap at $28,500
We can short within the target box at $27,800 - $28,500
TP1 at $24,300
TP2 at $23,200
Please ensure risk management and stop-loss (trailing $29,100 , $29,600 , $30,200)
Happy Sniping!
ETH's Head and Shoulders Pattern UnraveledEthereum (ETH) is drawing attention with a head and shoulders pattern breakdown. This resembles the broader market's trend, raising prospects of a 25-30% crypto sector decline. The head and shoulders pattern signifies a shift toward bearish movement, while its alignment with BTC and total market cap projections strengthens this anticipation. Stay alert for market developments as patterns evolve.
Bitcoin Analyze!!!🗺️(15-Min)Hi everyone👋(I hope you had a great weekend)🥳.
📚Since the trading volume is generally low on Saturdays and Sundays, we should not expect any strange movement from Bitcoin.
🌊Bitcoin is completing a corrective structure , and as I said in the previous post, I expect Bitcoin to move between $27,000 and $25,000 for a few days.
🔔I expect Bitcoin to fall to around $25,000 starting Monday after breaking the 🟢 support zone(26,030-25,950) 🟢(with the 2️⃣ scenarios I've outlined for you in the chart).
--------------------------------------------------------------------------------
🌐➕ Positive News ➕🌐:
Elon Musk praises pro-crypto Republican presidential candidate.
$25,000 where Bitcoin (BTC) Could Bottom Out After Crypto Market Downturn, According to Glassnode Co-Founders.
Bitcoin Mining Stocks Are Up 200% YTD, but One Has Soared Almost 400%.
Binance CEO CZ Responds to the Periodic “Bitcoin is a Bubble” FUD: “Here We Go Again”.
🌐➖ Negative News ➖🌐:
North Korean Hackers Have Stolen $200 Million So Far This Year.
Heavy short position by Michael Burry on S&P500 and NASDAQ.
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC great SHORT OPPORTUNITY and the LOW BEFORE BULL12h time frame
-
Market's short position is too heavy so far
I think we need a huge pump to liquidate them all, then start the last dump in this bear cycle
If go up to 28000 to create a HS, which target will be aligned with the harmonic pattern(18085~18600)
It'd be the first important price that we can try to buy spot before bull
-
Short trading plan
Entry: 27766~28548
TP: 18085~18600
SL: 29830
BITCOIN More Downside Expected!Happy Monday Traders & Investors
As we can see Bitcoin has been ranging within this ascending channel since over a year now.
After the double top formation in the 31k to 32k area, and the break of the previous uptrend that I mentioned in my previous post. (), BTC is making it's way back down to the support of the ascending channel. There are two options as a likely path for Bitcoin to reach the 21.5k to 22.5k area.
Option A:
Bitcoin will bounce from the current support where BTC found support formed by a strong historic support and resistance area and the 38.2% Fib. Retracement Level of the Uptrend from 15.5k to 31.8k.
A logical target for that bounce would be the area that Bitcoin has recently broken down from between 28.5k and 29.2k which also lays right between the 100 SMA (green) and the 50 SMA (black)
From that area Bitcoin will then likely make it's way down to the target area betwen 21.5k and 22.5k
Option B:
In this scenario Bitcoin will find downside inmediately after breaching the current support level to the downside abd make it's way
down to the target area betwen 21.5k and 22.5k on a more direct path.
If Bitcoin finds a bounce in the target area, a strong rally with a price target of at least 35k comes into play, however if the price drops and confirms below 21.5k the price correction could extend towards the area between 20k and 18.5k
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always , A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys!
Happy Trading ✌🧡📈
📈Bitcoin weekly prediction, 23K or 31K?📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
Due to the increase in trading volume in the last candles, I'm going to do some weekly Bitcoin analysis.
In the next few days, Bitcoin is expected to stabilize around the 24K - 26.8K.
If the price breaks below the mentioned area, the price will drop to the level of 24,080 (probably price receive support here) and then 22,500.
last stage for price decrease, is around 21K. (red area)
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
BTC/USDT D ( downtrend & longterm ) BINANCE:BTCUSDT
Hey there dear attendants
It will be a pleasure if you could brace me with your supportive likes & comments if you would have tested my strategies
According to my analysis the downtrend of btc has been started and we should wait for 17000
is not financial advice
Bitcoin 🗺️Road map🗺️for 300 Days Before Halving 2024❗️Hi everyone👋 (Reading time less than 7 minutes⏰).
First, I have to apologize for the busy chart, but all the lines were really needed.😊🙏
📚As you know, Bitcoin has created an All-Time High(ATH) between both Halvings, and after the confirmation of Bitcoin's ATH, it has started a downward trend . In general, Bitcoin has started an upward trend about 500 days before each halving , although this upward trend is not stable and has undergone correction .
📚Bitcoin seems to have started a trend similar to 500 days before the 2020 Halving, and if Bitcoin wants to have a correction similar to the 2020 Halving , this correction should start at 300 days before the 2024 Halving .
In this post, I want to give you reasons that show that the movement of Bitcoin until the 2024 Halving will be very similar to the 2020 Halving.
So stay with me.🙏
🔔The reasons for the start of Bitcoin Correction :
Bitcoin started an upward trend 500 days before the 2020 Halving, and it is interesting to know that Bitcoin has started an upward trend 500 days before the 2024 Halving.
Bitcoin started a correction 300 days before the 2020 Halving, and now we are 300 days away from the 2024 Halving, and Bitcoin is expected to start its price correction in the coming weeks.
The conditions of the RSI indicator are very similar in both movements, and the Bitcoin correction in both movements has started with Regular Divergence (RD-). (Note that currently, Bitcoin has not managed to enter the Overbought area, and this indicates that the Bitcoin correction may be a little deeper than the 2020 Halving movement).👇
🔔Now let's look at the current situation of the Bitcoin chart. (I will point out the reasons for the correction).
Bitcoin has been moving in a descending channel on the weekly time frame for more than a year and a half. And currently, Bitcoin is above the descending channel, and Bitcoin will probably react to this area.
Bitcoin is attacking the 🔴 heavy resistance zone($32,420-$28,900) 🔴 for the second time.
It is interesting to know that the 🔴heavy resistance zone🔴 was broken after the fourth time when it was playing the role of the 🟢heavy support zone🟢.
So, it is not far from expecting that the second attack on the heavy resistance zone will ❌ fail ❌ and Bitcoin will go down again.
Also, Bitcoin is moving near 100-Simple Moving Average(100-SMA) , and this moving average plays the role of a dynamic resistance for Bitcoin.
Plus, Bitcoin is moving in the 🟡 Time Reversal Zone(TRZ) 🟡.
In the daily time frame, the Regular Divergence (RD-) between volume and price can be seen between two consecutive peaks.
🔔As a result, I expect Bitcoin to start its correction in the coming weeks, and this correction will deepen after the uptrend line breaks. Finally, I think Bitcoin will fill the 🔵 lower CME Gap 🔵 and then start its upward trend again (around $20,000 ).
According to the explanation above, will the movement of Bitcoin be similar to Halving 2020❗️❓
I would be happy to share your opinion with me in the comments 🙏.
Bitcoin Analyze ( BTCUSDT ), Weekly time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📉BTC CONTINUES TO DECLINE 📉📉BTC CONTINUES TO DECLINE 📉
🔰Over the past 24 hours, Bitcoin has shown a decrease of -12% at its peak. Long liquidations amounted to over 1 billion dollars, and it seems like this is not the end yet, so it might be wise to hold off on long positions for now.
💰Based on spot market quotes, I anticipate stop losses being taken out below the $28,400 level and possibly $23,900.
🚀The nearest major support zones are $23,700-$24,200 and $22,100-$22,500. That's where I'll be considering entry opportunities for long positions.
Btc/Usdt UpdateBTC/USDT
Daily Chart:
If you've been keeping up with us, you'll know we said 32k would likely be BTC's peak this year. Now, BTC has broken down and is testing a horizontal support. There might be a slight bounce towards 29k to retest the breakdown level. Overall, I have a bearish view.
Please note: This is just an idea, not financial advice. Research before making decisions.
Wishing you luck! And if you're pleased with our work, please consider supporting us.
Happy trading!
Crypto by Ghazi
BTCUSDThey traders
Look at the chart
What u think about BTC ?
as we expected, Price reachd the target which is ATH
now, i can see something in the chart
that marubozu candel is not enough for me to take is as a break out, so i expect Bears push the price down to the previous support
u can check the potential destanation for bears, also potential support area for bulls
its my vision about BTC B4 Price break this lvl and going for 87K
share ur chart and leave a comment
BTC Moving!BINANCE:BTCUSDT.P
CRYPTOCAP:BTC moving.
Would prefer break and retest of 30k level - but sometimes CRYPTOCAP:BTC doesn't move in sequence.
Watch for this being a bearish retest or liquidity grab which you could short.
Otherwise you could position for a Long to break 32k and then further targets as per my previous CRYPTOCAP:BTC posts.
If you appreciate my efforts, spend half a second and give me a Boost! Thanks!!
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.