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Btcusdtsignal

Bitcoin's local perspective 16.09.24The current local trend, which started last week, is described by the EXP ascending pattern (orange) and as long as its trend is not broken, there are all chances to continue moving towards $61,700 and $64,186. At the same time, now we see the forming EXP pattern (turquoise), which is a corrective pattern to the previous one. If the price goes under the zone formed by the fourth points of the models - the zone around $58,100, we may see a decline under the level of $55,494, where we will try to catch a long on #BTC on the rebound. If the price is able to consolidate under the $55,494 level, the next target will be the levels of $53,472, $51,268 and $49,155.
INDEX:BTCUSD
by TSFC
#BTCUSD 4HBTCUSD 4H Trading Setup Buy Level: 55,600 Target Level: $66,000 The BTCUSD pair shows a promising upward trajectory on the 4-hour chart. A key buy signal is identified at the level of $55,600. This level represents a strategic entry point, aligning with current technical indicators suggesting strong support and potential for a bullish movement. Once entered, the target level is set at $66,000, where significant resistance is expected. This target reflects a potential gain based on the current market structure and momentum. Key Considerations: Risk Management: Ensure proper stop-loss orders are placed to manage downside risk in case of market fluctuations. Market Conditions: Stay updated on broader market conditions and news that might impact BTCUSD price movements. Technical Indicators: Monitor key technical indicators such as moving averages, RSI, and MACD for any signs of trend reversal or momentum shifts. This setup assumes favorable market conditions and is based on technical analysis; adjustments may be necessary based on evolving market dynamics.
BINANCE:BTCUSDLong
by PIPSFIGHTER
BTCUSD: BUY@62600-61800 The bullish momentum has been hindered, leading to continued consolidation at higher levels, with indicators showing weakness. A partial pullback is likely, with key support in the 62,800-62,100 range. If this support is breached and the bears are strong, the next strong support should be around 61,700, which would present a great buying opportunity. The bullish target is at least in the 68,000-71,000 range, and if the uptrend is strong, the ultimate target of 78,000 is also achievable.
Long
by Mia-Signal
#BTC/USDT Bullish September+Q4 Ahead!Detailed technical analysis of the BTC/USDT pair on a daily timeframe. Here’s a breakdown of the key elements and potential trading ideas based on the chart: ### Key Observations: 1. **Descending Channel Formation**: The price action is moving within a descending channel, with clearly defined peaks (marked as 1, 2, 3, 4, 5, and a possible 6) and troughs. The price seems to respect this channel, bouncing off both the upper and lower trendlines. 2. **RSI Divergence**: The RSI (Relative Strength Index) at the bottom of the chart is showing a bullish divergence. While the price has made lower lows, the RSI is making higher lows, indicating a potential reversal or a weakening bearish momentum. 3. **Two Scenarios Outlined**: - **Scenario 1**: A breakout above the upper trendline, leading to a potential rise towards the resistance zone around the $70,000 level. This is supported by the drawn path, suggesting a bullish move if the breakout is confirmed. - **Scenario 2**: A pullback to the support area around $55,000 - $54,000, before a bounce that could either break the descending channel or test the upper boundary again. 4. **Volume Consideration**: The chart indicates a period covering 197 bars (days) with a total volume of 6.448M BTC traded. The consistent volume could signify accumulation or distribution phases, depending on the context of the breakout or breakdown. ### Trading Idea: Given the current technical setup: - **Bullish Scenario (Long Trade)**: - **Entry**: Enter a long position on a confirmed breakout above the upper trendline, ideally above $62,000 with a daily close above this level. - **Target**: Initial target could be around $68,000 to $70,000. Further targets can be set at key Fibonacci extensions or psychological levels such as $75,000. - **Stop Loss**: Place a stop loss just below the breakout point, around $60,000 to $59,500, to protect against a false breakout. - **Bearish Scenario (Short Trade)**: - **Entry**: Enter a short position if the price fails to break out and instead pulls back towards the support zone around $55,000. - **Target**: Target the lower end of the channel, potentially around $47,000 to $45,500. - **Stop Loss**: Place a stop loss above the upper trendline, around $62,500, to protect against a sudden breakout. - **Neutral (Wait and Watch)**: - **Strategy**: If the price remains within the channel without any clear breakout or breakdown, it might be prudent to wait for a clearer signal. This could involve waiting for a decisive move outside of the channel or for confirmation via volume and RSI divergence resolution. This analysis provides a balanced approach, allowing traders to react to the market based on the price action relative to the defined channel. Ensure that positions are adjusted according to evolving market conditions and use proper risk management. Not Financial Advice, Always do your own research. Please hit the like button if you like it and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
BTC/USD "BITCOIN" Bullish Robbery Plan To Steal MoneyHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist BTC/USD "BITCOIN" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
PEPPERSTONE:BTCUSDLong
by Thief_Trader
1
BTC/USD "Bitcoin" Bullish Robbery Plan To Steal MoneyMy Dear Robbers / Money Makers & Losers, This is our master plan to Heist BTC/USD "Bitcoin" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
BITFINEX:BTCUSDLong
by Thief_Trader
Bitcoin BTCUSDT currently trading around the $60,539.9 levelThe BTCUSDT chart shows Bitcoin currently trading around the $60,539.9 level. The price has seen some volatility recently, with significant movements both upwards and downwards. Key Points: Support and Resistance Levels: The price recently reached a local high (TP2) around $61,112, but faced resistance near $62,375, causing a pullback. There is significant support near $58,267.5, as indicated by the recent entry marked by RICHI. This level could act as a key point for further upward movements if the price holds above it. Recent Trade Setups: A long position was initiated around $59,000 with a maximum profit of 16.94%, showing a successful upward move that hit the take profit levels (TP1 and TP2). A short position was also triggered after the price failed to break higher, leading to a brief downward movement. However, this short trade appears to have been closed as the price bounced back. Current Scenario: The price is now consolidating around $60,500. If it breaks above the recent high, it could retest the resistance at $63,000. Conversely, if it drops below $58,267.5, we might see further declines toward the next support levels at $57,000, $55,733, or even $54,044. Potential Targets: On the downside, potential targets for further decline are set at $57,000, $55,733, and $54,044. These levels align with previous support zones and Fibonacci retracement levels. On the upside, the key resistance levels are at $62,375 and $63,335, which Bitcoin needs to overcome to continue its bullish momentum. Conclusion: Bitcoin is currently in a critical consolidation phase. Traders should watch for a decisive breakout above the current resistance levels or a breakdown below the support to determine the next major move. Holding above $58,267.5 could be bullish, while a fall below this level might indicate a deeper correction.
by RICHI_CRYPTO_SIGNAL