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#BTC reaches support📊#BTC reaches support✔️ 🧠From a structural perspective, the target of the bearish cup-with-handle structure was achieved, so a nice rally was justified, unfortunately it was $282 away from our long entry point. We ultimately failed to break above the resistance zone of 95835-96277, so we tried some shorts and have achieved a nice profit so far. ➡️If we want to reverse this downtrend, we need to build a long structure in the support zone, and the next resistance zone is around 98000-100000. ⚠️If we continue the bearish trend, the next support zone is around 90000-85700. Let's see👀 🤜If you like my analysis, please like💖 and share💬 BITGET:BTCUSDT.P
Long
by wolf_king888
btcusd short appratunityThe unit of account of the bitcoin system is the bitcoin. It is most commonly represented with the symbol ₿ and the currency code BTC. However, the BTC code does not conform to ISO 4217 as BT is the country code of Bhutan, and ISO 4217 requires the first letter used in global commodities to be 'X'. XBT, a code that conforms to ISO 4217 though not officially part of it, is used by Bloomberg L.P. No uniform capitalization convention exists; some sources use Bitcoin, capitalized, to refer to the technology and network, and bitcoin, lowercase, for the unit of account. The Cambridge Advanced Learner's Dictionary and the Oxford Advanced Learner's Dictionary use the capitalized and lowercase variants without distinction. One bitcoin is divisible to eight decimal places. : ch. 5  Units for smaller amounts of bitcoin are the millibitcoin (mBTC), equal to 1⁄1000 bitcoin, and the satoshi (sat), representing 1⁄100000000 (one hundred millionth) bitcoin, the smallest amount possible. 100,000 satoshis are one mBTC. Blockchain Further information: Blockchain § Structure and design As a decentralized system, bitcoin operates without a central authority or single administrator, so that anyone can create a new bitcoin address and transact without needing any approval. : ch. 1  This is accomplished through a specialized distributed ledger called a blockchain that records bitcoin transactions. The blockchain is implemented as an ordered list of blocks. Each block contains a SHA-256 hash of the previous block, chaining them in chronological order. : ch. 7  The blockchain is maintained by a peer-to-peer network. : 215–219  Individual blocks, public addresses, and transactions within blocks are public information, and can be examined using a blockchain explorer. Nodes validate and broadcast transactions, each maintaining a copy of the blockchain for ownership verification. A new block is created every 10 minutes on average, updating the blockchain across all nodes without central oversight. This process tracks bitcoin spending, ensuring each bitcoin is spent only once. Unlike a traditional ledger that tracks physical currency, bitcoins exist digitally as unspent outputs of transactions. : ch. 5 
Short
by tenqu
Bitcoin Mega Crash? Analyzing the Potential 30% Decline and KeyThe chart provides a technical analysis of Bitcoin's price movement, indicating a potential scenario for further decline. Bitcoin has already dropped by approximately 15%, and the analysis suggests an additional 16% decrease, resulting in a total 30% correction. Key levels in the chart include: Support and Resistance: The green zones represent strong support areas, where buying interest may emerge. Bitcoin is currently testing a critical support level near $92,000. If the price breaks below this level, it could lead to a deeper correction, with the next support zone around $76,000. Trendlines and Moving Averages: An orange trendline shows a previous upward trend that has been broken, suggesting a shift in market sentiment. A green moving average line may indicate long-term support, having been tested multiple times. Projected Scenarios: The chart outlines two potential scenarios. One suggests continued bearish momentum, with Bitcoin dropping to the next support level. The other scenario anticipates a rebound from the current support level, followed by consolidation and a possible recovery. Market Sentiment: The analysis highlights bearish sentiment, which could be driven by macroeconomic factors, lack of buying pressure, or reduced market confidence. Traders should closely monitor the $92,000 level. A break below this could confirm the bearish outlook, while a strong bounce may signal a potential reversal. Bitcoin's price action in the coming days will determine whether the predicted 30% drop occurs or if the market stabilizes.
Short
by bullanceprime
BTCUSDT Expert Price Action Buy/Sell Strategies!BINANCE:BTCUSDT ALEXGOLDHUNTER Chart Analysis: Bitcoin (BTC) vs Tether (USDT) on Binance (1-Hour Timeframe) Key Levels and Zones Strong High: Around 96,570 USDT Swing High: Around 95,596 USDT Swing Low: Around 94,400 USDT Order Block (OB): Around 97,340 USDT Break of Structure (BOS): Indicates potential reversal or continuation Change of Character (CHoCH): Indicates trend reversal Fibonacci Retracement Levels 0.786: 96,570.2239 USDT 0.705: 92,474.48075 USDT 0.618: 95,596.8307 USDT 0.5: 95,225.995 USDT 0.382: 95,095.1593 USDT Buy Strategy Entry Point: Look for a bullish reversal pattern or strong bullish candle near the support level around 94,400 USDT or the 0.382 Fibonacci level at 95,095.1593 USDT. Confirm the trend reversal with a Change of Character (CHoCH). Stop Loss: Place a stop loss below the recent swing low at 94,400 USDT to minimize risk. Take Profit: First target at the 0.618 Fibonacci level at 95,596.8307 USDT. Second target at the strong high around 96,570 USDT. Final target at the order block (OB) around 97,340 USDT. VIP Signal Format (lowercase) entry: 94,400 USDT tp1: 95,596.8307 USDT tp2: 96,570 USDT sl: 94,000 USDT Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Always conduct your own research and consult with a professional financial advisor before making any trading decisions. Follow @Alexgoldhunter for more strategic ideas and minds
by Alexgoldhunter
BTC - InterView 23.12.2024Good week friends An amazing week awaits us after a quality correction we returned to our trading range Christmas this week for our American friends the stock market closes early on Tuesday, and there is no trading at all on Wednesday. For me the chart looks good and is going to rise strongly in the immediate time frame after a very high-quality and healthy correction of about 13% on the chart of the market king "Bitcoin" An excellent news environment awaits us this week that will give us a lot of fuel to continue the upward trend On Monday 23.12.2024 The CB Consumer Confidence Index awaits us at 17:00 Tuesday Although the stock market closes early we have two important news Monthly Durable Goods Orders at 15:30 New Home Sales at 17:00 Wednesday 25.12.2024 The stock market is completely closed - Christmas. Thursday 26.12.2024 Initial claims for atab fees at 15:30 Crude oil stocks at 18:00 Green Week in the IDF, good luck
Long
by FineMei
"BTC/USD Price Action Analysis: Key Resistance Levels Ahead""Hello Traders, Here's my latest analysis of Bitcoin (BTC/USD) using price action techniques. The market has recently shown a significant downward move, but there is a potential for recovery based on the current structure. Key Levels Identified: Support: $95,548 Immediate Resistance: $102,826 Major Resistance: $107,841 Scenario Overview: Based on the current price action, I anticipate a potential bullish reversal from the $95,548 support level. The market may test the resistance levels at $102,826 and then move towards $107,841. Trade Plan: Entry: Around $96,000 (upon confirmation of reversal) Stop Loss: Below $95,000 Take Profit 1: $102,826 Take Profit 2: $107,841 The yellow horizontal lines represent key support and resistance zones, and the projected white path shows my anticipated price trajectory. This analysis is not financial advice; it's for educational purposes only. Feel free to share your thoughts in the comments and let me know your perspective!"
Short
by Tradeaione
Bitcoin ready to enter the buy zone based on price+volume indi TL:DR the Bitcoin dip is over based on this indicator that showed buy signals before the big rise, and also gave us a sell signal before the most recent large dip. If this indicator continues to be correct, it seems like the crash is over and we could be waiting for another buy zone very shortly. Below is a more detailed description of the indicator I created which is typically based on simple price and volume action. I designed a new indicator that I dub the "Money Flow by NHBprod" indicator. It helps to EASILY identify potential trade opportunities without over complicating the process. In short, MFI typically uses volume and pricing data in its calculations which are 2 important keys to consider when trading. However, the actual indicator typically lags behind actual trade opportunities. I heavily modified the standard MFI so that this new indicator can be used to easily see where to buy and where to sell. It also has built in alerts which can be used to automate trading. How It Works The indicator calculates the Money Flow Index (MFI), but is heavily modified both in terms of calculations, performance, and output. The indicator computes the MFI using the closing price and a user-defined length. A linear regression moving average is applied to the MFI, smoothing out fluctuations to provide clear signals. Then we have Buy & Sell Zones which are Customizable thresholds that are used to determine when to buy and when to sell. When the moving average crosses into the buy zone, green highlights appear on the chart; similarly, red highlights appear when it enters the sell zone. Alerts: Integrated alert conditions notify traders when the moving average enters either zone, ensuring they never miss a trade opportunity. What It Does Identifies Opportunities: The indicator visually and dynamically highlights buy and sell zones directly on the pricing chart for easier decision-making. Sends Alerts: Receive real-time alerts for both buy and sell signals, so you're always in sync with the market. Simplifies Analysis: By focusing on the MFI's moving average and clearly marking significant zones, the indicator eliminates noise and simplifies market analysis. Enhanced Visualization: The green and red highlighted zones on the pricing chart offer an intuitive, at-a-glance understanding of market conditions.
Long
by nhbprod
Bitcoin's Rally Loses Steam: A Reversal Pattern Takes Shape● Bitcoin reached a record high of approximately $108,390, driven by strong bullish momentum. ● However, the rally was short-lived as intense selling pressure kicked in, triggering a rapid decline to $92,500 and erasing some of the recent gains. ● The frequent price fluctuations are likely to form a Head & Shoulder pattern, a bearish pattern that indicates a potential trend reversal and further downside. ● A sharp decline is expected if Bitcoin breaches below $91,500.
COINBASE:BTCUSDShort
by NaranjCapital
XRP – Bullish Flag Pattern Suggests Further Upside PotentialTechnical Overview: Bullish Flag Formation: XRP is consolidating within a bullish flag pattern, typically indicative of a continuation of its prior uptrend. Previous Rally: After surging from $0.60 to nearly $2.80, XRP has demonstrated strength by consistently holding support above $2.40, signaling accumulation rather than distribution. Key Levels to Watch: Breakout Point: A breakout above the flag's upper trendline, accompanied by increased volume, could confirm the bullish setup. Targets: Initial target: $3.00-$3.20, aligning with measured moves from the flag pattern. Longer-term potential: Continuation above $3.20 could open doors to further price discovery. Supporting Factors: Long-Term Base: XRP’s breakout earlier in 2024 from a long-term base adds strength to the current bullish setup. Volume Confirmation: Increased trading volume during the breakout would validate buyer interest and bolster the bullish case. Risk Management: Key Support: Maintaining support above $2.40 is critical for the bullish thesis. A breakdown below this level could signal invalidation of the pattern. Conclusion: XRP's bullish flag pattern indicates potential continuation of its prior uptrend. A breakout above the flag's trendline with volume confirmation could set sights on $3.00-$3.20 and beyond, reinforcing Ripple’s strong bullish potential heading into 2024.
BITSTAMP:XRPUSDLong
by Richtv_official
PnutBINANCE:PNUTUSDT 📉 **PNUT Price Update**: The current price of PNUT is at **0.6830**. If you're watching this coin closely, the **support levels** to keep an eye on are **0.65** and **0.60**. These are key levels where the price could bounce back if it dips. If the price manages to hold above these support levels, we could see the coin continue its upward movement. 🚀 📈 **Resistance Levels**: If the price does hold at those support levels, the next resistance levels to watch out for are **0.75435** and **0.8453**. These are the price points where selling pressure could increase, potentially slowing or reversing the upward trend. 🔥 ⚠️ **Not Financial Advice**: Just a reminder, this isn't financial advice, so make sure to do your own research and trade wisely! 💡
by Wolftrader1337
BTC analysis Its time for correction!! Bitcoin has began a downward trend that seems to have concluded at $92,400 on the 1-hour timescale after resisting and setting a new all-time high of $108,230. The market is, nevertheless, at a pivotal juncture. Bitcoin is likely to remain positive if it breaks $101,200, and negative if it is unable to keep above $96,277. demonstrating that this reduction was only remedial. If not, a break below $96,277 would indicate a chance to short. However, prudence is urged; swiftly acquire gains and refrain from greed. Entry1: 99,000 Entry2 :"97,000 Entry3 96,000 Tp1: 92,500 TP2: 88,000 TP3:80,000
CRYPTO:BTCUSDShort
by limitissky77
Bitcoin’s Christmas Trap: Be Cautious🚨 Bitcoin’s Christmas Trap: Be Cautious 🚨 CRYPTOCAP:BTC Alert As the festive season unfolds, Bitcoin has soared to an impressive $95,233.00. While this rally might spark excitement, investors should tread carefully. History warns us of Bitcoin’s holiday volatility, where quick gains can be followed by dramatic drops. --- 🔍 Key Insights to Keep in Mind: 1️⃣ ⚡ Market Volatility: The crypto market is notorious for its unpredictability. Rapid price surges often precede steep corrections. 2️⃣ 📈 Historical Trends: December has been a rollercoaster month for Bitcoin, with sharp gains sometimes overshadowed by sudden sell-offs. 3️⃣ 🌎 External Influences: Global economic shifts, regulatory updates, and investor sentiment can swing Bitcoin’s price unexpectedly. --- 💡 Tips for Smart Investing: 🧠 Stay Updated: Keep a close watch on market news and trends to make informed choices. 📊 Diversify Wisely: Spread your investments across various assets to reduce risks. ⏳ Avoid Impulses: Resist making hasty decisions based on short-term price movements. --- 📌 Final Thought: While the holiday season might inspire optimism, approach Bitcoin investments with caution. Align your decisions with your financial goals and risk tolerance. Stay sharp, stay safe, and invest wisely!
BINANCE:BTCUSDShort
by AlphaBull-Trading