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Looking for Sell BTC around 60600(8/16/2024)Bearish Shadow is still chasing BTC. After a good retracement from the 49-50k zone, BTC faced some selling pressure around the 62700$. The pressure finally pushed the price to 56.1k $ yesterday. right now price action is showing us HH and LH and, we can see Liquidity above the 59800$ and FVG above it. We believe the price will eventually reach the zones as mentioned earlier, then we are looking for a bearish setup around 60600$(this is important!) . Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by fortunamarkets
USDT Dominance (USDT.D) Short Update. USDT dominance is currently trading within a symmetrical triangle formation. The price has been recently rejected at the Ichimoku Cloud resistance level, leading to a slight pullback. However, the 200-day moving average (200MA) remains a key support level beneath the current price, suggesting the potential for a bounce if the price reaches this area. If USDTD breaks below the 200MA, this could indicate a decline in dominance, which may lead to an upward movement in the broader cryptocurrency market. Traders should keep a close eye on these technical levels to anticipate a possible breakout or breakdown, which could provide insight into the next significant market move. Stay vigilant and adjust your strategies according to these key technical indicators. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
CRYPTOCAP:USDT.D
by CryptoSanders9563
HelenP. I Bitcoin will fall a little more and then continue growHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price broke the support level and fell to the trend line. Next, BTC turned around and soon broke the 56700 level again, after which made a retest and continued to grow. In a short time, the price rose to the resistance level, which coincided with the resistance zone, and even entered to area, but then turned around and fell below. After this movement, Bitcoin repeated movement up higher than the resistance level and area, after which made impulse down. Price exited broke the 67500 resistance level, breaking the trend line too, and fell even lower than the support level. But a not long time ago price turned around and in a short time rose higher than the support level, breaking it one more time. Now, I expect that BTCUSDT will decline to almost a support level and then continue to grow, therefore I set my goal at 64000 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
12
Bitcoin can rebound up from support line of pennant to 65K pointHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago entered to range, where it at once reached a resistance level, which coincided with the seller zone and then rebounded down to the bottom part of range. After this movement, the price in a short time rose until to top part of the range, but soon turned around and started to decline inside the downward pennant. Later BTC quickly declined until to support level, which coincided with the buyer zone, thereby breaking the 68500 level and also exiting from range. Soon, the price broke the 57500 level too and dropped to the support line of the pennant, after which at once made a strong impulse up. After this movement, BTC broke the support level one more time and some time traded near this level. Next, it reached the resistance line of the pennant pattern, but not a long time ago fell back. At the moment, it trades near the support line of the pennant and I think that the price can make a small movement up first and then correct to the support line again. Next, Bitcoin will rebound up from this line, exit from the pennant, and continue to grow, therefore I set my TP at 65000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
#BTC/USDT#BTC #BITCION The price is moving in a descending channel on the 4-hour frame and is adhering to its limits well The current price is $59,102. It is expected to fall to touch the lower limit of the channel at $57,700, which is the entry price There is a strong support point at this level, green Targeting the upper limit of the channel at $60,000 This boot supports the lower limit as we are still below the moving average 100 But what supports the rise after touching the lower limit is the presence of an upward trend on the RSI
Long
by CryptoAnalystSignal
4
Bitcoin can drop to support level, exiting from pennantHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago rose in an upward channel, where it reached the support level, which coincided with the buyer zone and soon broke this level. Then BTC made a retest and at once rebounded up until to resistance line of the channel, which coincided with the resistance level with the seller zone. After this movement, the price made a little correction, after which broke the 65600 level, and some time traded near, and even made a fake breakout. Next, the price rose to 70000 points and started to decline inside the downward pennant, where it soon broke the resistance level, thereby exiting from the upward channel also. After this, BTC dropped until to support line of the pennant, breaking the 57100 level, but at once turned around and in a short time rose higher this level, breaking it one more time and reaching the resistance line of the pennant pattern. At the moment, the price trades near this line and I think Bitcoin can make movement up, thereby exiting from the pennant and then will fall to the 57100 support level, therefore I set my TP for this level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
BTCUSDT.4HToday, I’m examining the 4-hour chart of Bitcoin (BTC) against USDT on the Binance exchange. BTC is currently trading around $60,155.49, showing a marginal increase of $28.20 in the recent 4-hour period. Key Resistance and Support Levels: The chart illustrates a significant resistance at R1 ($69,107.72), a level that has not been breached recently, suggesting strong selling pressure beyond this point. On the downside, the main support level (S2) is positioned at $49,811.70. There is also an intermediate support level (S1) marked, which could provide temporary relief or halt further declines if tested. Technical Indicators Analysis: • MACD: The MACD line is close to the signal line but remains below it, indicating slight bearish momentum. However, the histogram is almost flat, suggesting a lack of strong momentum in either direction. • RSI: The Relative Strength Index is at 57.57, which is near the neutral 50 mark. This suggests a balance between buying and selling pressures, with a slight tilt towards buying interest. Analysis: BTC’s current position near the middle of its recent range suggests a consolidation phase. The proximity to significant support and resistance levels, coupled with neutral indicators, implies uncertainty in the immediate direction. The market could be waiting for more decisive signals or external factors before making a significant move. Conclusion and Trading Strategy: Given the current setup, my strategy would be one of caution and readiness to act on clear signals. The approach would involve monitoring BTC closely for any significant changes in volume or sentiment that might push it towards testing the resistance at R1 or falling back to the support at S2. A breakout above R1 could signal a bullish trend continuation, potentially making a good buying opportunity, while a drop below S2 might suggest entering a short position or selling existing holdings. Setting stop-loss orders just below S1 and above R1 would be a prudent way to manage risks associated with unexpected market moves.
Long
by MarsSignals
1
SAGAUSDT.4HIn today’s analysis, I’m focusing on the 4-hour chart for SAGA against USDT on the Binance exchange. SAGA is trading at approximately $1.2672, with minor fluctuations observed in recent periods. Key Resistance and Support Levels: SAGA has established clear resistance levels; R1 is at $1.1888 and R2 at $1.5363. The closest support level (S1) is at $0.8590, with a lower support level (S2) not clearly marked on the chart. Given the current price, SAGA is trading between S1 and R1, suggesting it’s within a crucial range that could determine its short-term movement. Technical Indicators Analysis: • MACD: The MACD line is slightly above the signal line, indicating a mild bullish momentum. However, both lines are near the zero line, which points to an overall lack of strong momentum in either direction. • RSI: The Relative Strength Index is at 66.72, which is moderately high but still below the overbought threshold of 70. This suggests that there’s still some potential for upward movement before the market could be considered overbought. Analysis: SAGA’s current positioning near R1 at $1.1888 is crucial. A sustained break above this resistance could signal further bullish momentum towards R2 at $1.5363. However, the moderate RSI indicates that while there’s potential for an uptick, the market isn’t overly stretched, which can provide room for some cautious optimism. Conclusion and Trading Strategy: Given the balance of indicators, a conservative approach would be advisable. Watching for a confirmed break above R1 could be an opportunity to consider a long position, with a target near R2, adjusting stops to just below R1 to protect against potential pullbacks. Alternatively, if SAGA fails to maintain this level and moves toward S1, it could indicate weakening momentum, in which case reassessing the position or waiting for a clearer signal at lower support might be necessary. In summary, the strategy hinges on how SAGA responds to these key technical levels in the coming sessions. As always, maintaining flexible stop losses and closely monitoring market responses to these price levels would be critical in managing risk effectively.
by MarsSignals
BNXUSDT.4HIn my analysis today, I’m examining the 4-hour chart of BNX against USDT on the Binance exchange. The price of BNX is currently around $1.2377, showing slight volatility within a constrained range. Key Resistance and Support Levels: The resistance levels are set at R1 ($1.0502) and R2 at a higher point not visible on this chart, suggesting that it’s significantly above the current trading range. The support levels are crucial to observe here: S1 at $0.5461 and S2 at a lower level not indicated, hinting that the price has a substantial downside risk in the case of a breakdown. Technical Indicators Analysis: • MACD: The MACD line is below the signal line and close to zero, indicating mild bearish momentum. The histogram is also negative, which supports this bearish outlook. • RSI: The Relative Strength Index is around 46.70, indicating neither overbought nor oversold conditions. This positions the market in a neutral state but leaning slightly towards bearishness given its position below the 50 midpoint. Analysis: The BNX market is currently exhibiting signs of consolidation, with a slight bias toward the downside, as indicated by the MACD. The proximity of the price to the first resistance level R1 suggests that BNX is trying to establish a new support level above previous lows, potentially signaling a shift in market sentiment if it can sustain these levels. Conclusion and Trading Strategy: Considering the market indicators and the price action near R1, my strategy would be to watch for a potential breakout above R1. Should BNX sustain a move above this level, it could indicate a bullish reversal, making it an opportune moment to consider a long position with a target near R2. Conversely, if the price fails to hold above R1 and starts moving towards S1, it might be wise to consider a short position, anticipating further declines. It’s crucial to use stop-loss orders effectively, placing them just below the breakout level in the case of a long position, or just above R1 for a short position, to manage potential risks efficiently. This careful monitoring and conditional strategy will help capitalize on the market’s direction once it establishes a clearer trend.
by MarsSignals
AVAXUSDT.4HToday, I’m analyzing the 4-hour chart of AVAX against USDT on the Binance exchange. AVAX is currently trading at approximately $21.23, showing slight fluctuations within a downward trend observed over recent weeks. Key Resistance and Support Levels: The chart indicates a clear resistance level (R1) at $26.63, which AVAX has previously struggled to surpass. There’s a further resistance (R2) that is not within immediate reach, suggesting it’s at a much higher level. The primary support (S1) is at $17.12, which is significantly below the current trading price, indicating a potential downside risk if the bearish trend continues. Technical Indicators Analysis: • MACD: The MACD line is close to the signal line but slightly above, suggesting a possible mild bullish crossover. However, both lines are near the zero line, indicating overall weak momentum in either direction. • RSI: The Relative Strength Index is at 54.20, which is near the neutral 50 mark, suggesting a balanced condition between buyers and sellers. This neutral RSI hints that there might not be strong buying or selling pressure at the current level. Analysis: The trend lines drawn on the chart show a descending pattern, indicating that the overall sentiment in the market has been bearish. The current trading price near the upper trend line also suggests that AVAX is testing this bearish trend line as a potential resistance. If AVAX breaks above this trend line, it could signal a shift in market sentiment from bearish to bullish. Conclusion and Trading Strategy: Given the proximity of AVAX to the trend line and the mild signals from MACD and RSI, my strategy would involve cautious observation for a potential breakout above the trend line. If AVAX manages to sustain a breakout above this line and moves towards R1 at $26.63, it could present a buying opportunity with a target near R1. Conversely, if AVAX fails to break the trend line and starts declining towards S1 at $17.12, it could suggest that the bearish trend is still dominant, and a short position may be considered. In summary, the current setup warrants close monitoring for signs of either a bullish reversal or continuation of the bearish trend. Setting stop-loss orders just below the trend line in case of a long position, or just above it for a short position, would be prudent to manage risks effectively.
by MarsSignals
IOUSDT.4HToday, I’m analyzing the 4-hour chart of IO against USDT on the Binance exchange. The current price of IO is $1.552, which shows a minor decline of 0.70% recently. Key Resistance and Support Levels: The chart identifies key resistance levels at R1 ($1.783) and R2 (higher, not visible on the chart). The support levels are noted at S1 ($1.533) and S2 ($1.269). The current price is hovering just above S1, which suggests a critical juncture; if the price breaks below this level, it might test the lower support at S2. Technical Indicators Analysis: • MACD: The MACD line is below the signal line and close to crossing it from below, which could indicate a potential bullish reversal if it succeeds in crossing above. However, both lines are below zero, suggesting that the overall momentum is still bearish. • RSI: The Relative Strength Index is around 45, which is neither oversold nor overbought. This indicates a relatively balanced market condition but leans slightly toward bearish sentiment. Analysis: The IO market is currently in a delicate position, teetering just above the first support level (S1). The proximity to S1 could lead to a decisive move shortly. If the price holds above S1 and the MACD completes a bullish crossover, it might suggest an opportunity for a price recovery towards R1. Conversely, a break below S1 could see the price heading towards S2, signaling a continuation of the bearish trend. Conclusion and Trading Strategy: Given the current market indicators and price action, my strategy would involve closely monitoring the price action around S1 ($1.533). If IO holds above this level and the MACD crosses above the signal line, considering a long position with a target near R1 ($1.783) might be a viable approach, placing a stop-loss just below S1 to manage risk. However, if the price breaks below S1, I would look for potential short opportunities, targeting S2 ($1.269) while keeping a close watch on any potential reversal signals.
by MarsSignals
PROMUSDT.4HIn my analysis today, I’m focusing on the PROM against USDT, viewing the 4-hour chart on the Binance exchange. PROM is currently trading at approximately $5.517, with a noticeable downtrend observed over the recent periods. Key Resistance and Support Levels: PROM shows critical resistance at R1 ($5.809) and a further high point at R2, though not precisely identified on the chart. The nearest support level (S1) is identified at $4.406, which is slightly below the current trading price. This setup suggests a crucial juncture; if the price falls below this support, there could be further decline towards the lowest observed price around $4.373. Technical Indicators Analysis: • MACD: The MACD line is above the signal line but very close, indicating a potential slowdown in bearish momentum or an upcoming bullish crossover. However, both lines are near the zero line, indicating low momentum in either direction. • RSI: The Relative Strength Index is just above 55, indicating neither overbought nor oversold conditions but tilting towards a more stable or bullish sentiment in the short term. Analysis: The chart reveals that PROM has been in a decline but shows signs of stabilizing or attempting a mild recovery as it approaches critical support levels. The proximity to R1 and the current RSI level suggests there could be a slight bullish momentum building, possibly testing the R1 level soon if the support holds. Conclusion and Trading Strategy: Considering the current price dynamics and technical indicators, my strategy would involve monitoring PROM for any signs of sustained bullish momentum or reversal patterns near the support level. If the price maintains above $4.406 and shows signs of an upward move, entering a long position with a target close to R1 ($5.809) might be feasible, while setting a stop-loss just below S1 to mitigate potential losses. This scenario hinges on the market’s reaction near these critical technical levels and the overall market sentiment. Close observation of MACD and RSI developments will also be key in confirming the trend direction and strength before making any trading decisions.
by MarsSignals
USDT.DOMINANCE 1DAY CHART UPDATE !!USDT dominance is currently holding above the critical support level of 5.20%. A bounce from this level could lead to a retest of the 6.00% resistance, with a potential breakout targeting 7.00%. Conversely, a break below 5.20% might lead to a decline towards 4.56%. Traders should watch volume and RSI signals to gauge market sentiment and potential reversal points. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
CRYPTOCAP:USDT.D
by CryptoSanders9563
HelenP. I Bitcoin can fall lower than trend line, breaking itHi folks today I'm prepared for you Bitcoin analytics. Some time ago price reached a resistance level, which coincided with the resistance zone, and even broke this level and entered to resistance area. Then BTC some time traded near the 63900 level and then made upward movement, after which at once corrected back to the 63900 level. Next, the price repeated movement up to 70000 points, after which turned around and dropped lower than the 63900 level, breaking it. Then the price continued to decline and quickly fell to the support level, which coincided with the support zone and soon broke the 55000 level and fell to the trend line. After this movement, BTC turned around and started to grow near this line and later broke the 55000 level one more time, after which made a retest and continued to rise. A not long time ago BTC rose to 62800 points but recently started to decline, so, for this case, I expect that BTCUSDT will make movement up to almost the resistance level. Then it turns around and falls lower than the trend line, breaking it. That's why I set my goal at 57000 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
11
Bitcoin Reversal After Hitting Demand AreaIn my two most recent BTC analyses I talked about an ideal area for entry in case BTC reversed from the top yellow resistance of the channel it has been trading in for 6 months at this point. As expected, the green area on the chart has functioned as a huge area of demand, right in between the supports (yellow and purple). The drop was a bit more steep than initially anticipated due to a big sell-off in the stock markets, but the reversal is here nevertheless. At this moment it's still unclear whether BTC will find its way up all the way towards the top of the channel yet again. The daily shooting-star wick suggests that bulls took over in the short-term, however. As mentioned in previous analyses, BTC is currently trading in a longer term grey zone. I'm bullish above the top yellow resistance and bearish below the bottom purple support. It's not the time for long-term longs or shorts, in my view. Remember my last ETH analysis where I talked about the initial bearish shock after the spot ETF approval (we saw the same with the BTC spot ETF). If the BTC ETF is any indication, we will enter a long-term trend from here.
Long
by FieryTrading
USDT Dominance Chart Update !!USDT Dominance Chart Update USDT dominance has broken above the descending trendline. The current level of 5.84% shows a slight pullback after reaching around 6.70%. Immediate support is around 5.50%. Long-term support is significantly lower at 4.56%. The immediate resistance level is at 6.70%, which was recently tested. Higher resistance is around 8.50%, which has not been seen since late 2022. If USDT dominance can stay above the 5.50% support level and break the 6.70% resistance, it could target higher levels around 8.50%. A break below 5.50% could lead to a decline towards long-term support at 4.56%. Keep an eye on changes in volume to confirm the strength of the move. Monitor the RSI for potential overbought or oversold conditions to identify reversal points. USDT dominance is currently in a critical range. Traders should keep an eye out for a break above 6.70% for bullish continuation or a drop below 5.50% for further bearish action. The 5.50% and 4.56% levels are key support areas, while 6.70% and 8.50% are important resistance areas to keep an eye on. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
CRYPTOCAP:USDT.D
by CryptoSanders9563
$USDT Dominance On The Rise = More Pain AheadBeen riding this trendline since March. Well above the 200MA and Bull Market Support Band Battling the .382 Fib today I expect it to breakthrough and grab liquidity around the 6.50 region for a bit, then make its way back down to the trendline when rate cuts are announced September 18th. Will then have to break that trendline to take the next leg in the bull market. Remember, as CRYPTOCAP:USDT.D Falls CRYPTOCAP:BTC and Alts go higher.
CRYPTOCAP:USDT.DShort
by jonnieking
2
BTCUSDT.1DIn my latest technical analysis of the Bitcoin (BTC/USDT) daily chart, I've identified several significant technical indicators and price levels that are crucial for understanding the potential future movements of Bitcoin. Notably, the Moving Average Convergence Divergence (MACD) shows a significant bearish divergence, as indicated by the substantial gap between the MACD line and the signal line. This suggests strong bearish momentum, which could mean further declines unless there's a positive crossover in the near future. The Relative Strength Index (RSI) at 31.47 is hovering near the oversold territory, indicating that the selling pressure might be nearing its peak. An RSI below 30 typically suggests that the asset is oversold, which could potentially lead to a price rebound if buyers step back in. Looking at the price action, Bitcoin has recently tested the support level at $49,565.4 (S1). This is a critical point; if it holds, it may serve as a springboard for a potential recovery towards resistance levels at $60,428.64 (R1) and possibly extending to $73,001.98 (R3) if a bullish trend resumes. The chart also depicts a scenario where Bitcoin might bounce between these levels, indicated by the green and red arrows representing potential bullish and bearish movements respectively. However, it's crucial to consider that a break below the support at $49,565.4 could lead to a further drop towards the next significant support level at $38,706.45 (S2). Such a movement would likely confirm the continuation of the bearish trend, necessitating a cautious approach for traders. In conclusion, Bitcoin's market is currently at a pivotal juncture. My strategy would involve closely monitoring the $49,565.4 support level. A confirmed bounce from this level could provide a buying opportunity, targeting the first resistance at $60,428.64. However, a break below this support would be a bearish signal, suggesting potential exits or short positions towards the lower support at $38,706.45. Traders should remain vigilant and responsive to price actions and key technical indicator signals.
by MarsSignals
MBLUSDT.1DIn my detailed analysis of the MBL/USDT chart, I've taken a close look at the daily timeframe to deduce the potential direction of the market. Notably, the Moving Average Convergence Divergence (MACD) is positioned just below the signal line and close to the zero line, indicating a slightly bearish momentum. However, the proximity to the zero line suggests that the market sentiment is not overwhelmingly bearish, and a reversal could be imminent if external factors come into play. The Relative Strength Index (RSI) stands at 48.22, indicating a nearly neutral market with a slight tilt towards bearish territory. This level suggests that while there isn't extreme selling pressure, buyers have not taken full control either, creating a balanced yet tentative market condition. The price has recently tested a key support level at $0.001755 (S1), and this level is crucial in determining the short-term market direction. If this support holds, it could act as a springboard for the price to potentially move towards the resistance levels identified at $0.003460 (R2) and $0.004283 (R3). Currently, the chart suggests a possible rebound towards these resistance levels, marked by the green arrows. However, it's important to remain cautious. Should the support at $0.001755 fail to hold, the price could drop further, possibly testing lower historical supports. Given the current setup, my strategy would involve closely monitoring the $0.001755 level for potential buys, with stop-loss orders placed just below to manage risk effectively. In summary, the MBL/USDT market is at a critical juncture, with potential for both a rebound and further declines. The key will be the market's ability to maintain above the current support level. A rebound above this level could offer a strategic entry point for a long position, targeting the aforementioned resistance levels.
by MarsSignals
ORDIUSDT.1DIn my latest technical analysis of the ORDI/USDT daily chart, several critical indicators and price movements offer a nuanced perspective on potential future price action. First and foremost, it's notable that the Moving Average Convergence Divergence (MACD) is displaying a bearish momentum, as indicated by the MACD line residing below the signal line. The separation between these lines suggests that the bearish trend could persist in the short term. The Relative Strength Index (RSI) is currently at 34.12, nearing the oversold territory but not quite there yet. This suggests that while the selling pressure has been significant, there could be room for more downside before the market considers the asset truly oversold and due for a potential rebound. Examining the price action, ORDI/USDT has experienced a notable decline, establishing a recent low at $17.57, which I am considering as the current critical support level (S1). Looking forward, if this support holds, it may act as a springboard for a price correction or consolidation phase. The resistance levels to watch are at $44.82 (R2) and initially at $17.57 (R1), which is now a pivotal point for any bullish recovery. Given the current technical setup, I predict that if the price manages to stabilize and rebound from the S1 level at $17.57, we could see a movement towards R1. This would require a shift in market sentiment and potentially positive developments related to the asset itself. However, should the support at $17.57 fail to hold, it would likely lead to further declines, potentially testing even lower historical supports. In conclusion, the ORDI/USDT market currently shows bearish tendencies with a close watch on the $17.57 support level. A break below this level could exacerbate the bearish sentiment, while stabilization and a bounce back could pave the way for a retest of higher price levels. Traders should remain cautious and monitor these key technical levels closely, adjusting their strategies based on confirmed price actions and indicator signals.
by MarsSignals