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BTCUSDT.3L trade ideas

BTCUSDT: Short-Term Analysis for 14/11/2024 Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always consult multiple sources and conduct thorough research before making trading decisions. Time Frame: 1-hour Market Analysis: The market has not taken any inducement, therefore, the high is not yet confirmed. A breakout above the current high of 91,645.00 could potentially trigger a rally towards the upper target, as indicated by the XABCD pattern on the chart. Alternative Scenario On the other hand, if the price dips below the invalidation at 88,005.00 level, then the XABCD pattern is invalid, therefore likelihood of reaching the upper range becomes increasingly uncertain. Key Levels: immediate Support: 88,005.00 Resistance: 94,120.00 - 96,866.00 Local High: 93,421.00 Trading Bias: The current market structure is forming a rising wedge pattern, a bearish reversal formation. Furthermore, the harmonic XABCD pattern suggests a high probability of trend reversal to bearish after reaching the upper level. Additionally, the Relative Strength Index (RSI) is exhibiting bearish divergence, indicating a loss of upward momentum. Decreasing volume also supports the bearish outlook. These technical indicators collectively suggest a heightened likelihood of a trend reversal, warranting caution and close monitoring of market developments. chart:
by avatarfreak
BTC TRADE This Is 4H Chart Of Kucoin Spot Currently I See A Liquid Sweep Coming On 15 Min TFs First Price Will Take The EQ Highs !! Then It Will Dump "As I Always Say Once They Are Done With Shorts? They Open New Shorts & Vise Versa" So We Have FVGs On 4H & 1D Down There If We Reach 83K! Start Accumulating For Spot In Both BTC & Alts With Risk Management But For Futures You Have To Wait For That 81K Area For A Good Entry So Yeah Thats My Plan ! Read The Chart Carefully & Plan Your Trades | MANAGE YOUR RISK
by meesamhadi
Bitcoin Inside a Possible Range Trading PatternBitcoin Inside a Possible Range Trading Pattern Two weeks ago, Bitcoin tested the all-time high price zone but didn't manage to break through. The all-time high was created on March 13, 2024, and since then, it hasn't been invalidated. The market is probably speculating related to the US elections, but overall, it has little relation to BTC value. We must be cautious of any manipulation we've heard about frequently. If the price respects the pattern, we should see Bitcoin unfolding a bearish scenario as shown on the chart. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
2
Bitcoin can fall little more and then rebound up in channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price declined to the support level, and soon turned around and started to grow. But soon turned around again and dropped lower 68000 level, breaking it, and started to trades inside range. In the range, the price fell to the bottom part and then in a short time rose to the support level, and even made a fake breakout. After this, BTC fell back to the range, and even declined to bottom par again, where it made impulse up and rose higher than the 68000 level, breaking it, thereby exiting from the range too. Next, the price continued to grow and reached the 71000 level, which coincided with the seller zone and then broke this level. Then the price rose to 73600 points, after which started to decline inside the downward channel. In the channel, the price broke the resistance level and fell to the support line, after which tried to back up, but failed and continued to fall. Recently BTC reached a support level, after which rebounded and has now grown. So, in my opinion, the price can decline a little more and then rebound up to the resistance line of the channel. That's why I set my TP at 70400 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
BTC wait for Long entryBTC has broken above its weekly trendline resistance, although prices remain below the monthly resistance level. Trading in this range is challenging and requires quick adaptation to shifts in market sentiment, driven by political factors (such as the U.S. election and global conflicts) and macroeconomic conditions (like the Federal Reserve's stance on rate cuts). In the short term, on the 8-hour timeframe, BTC appears to be moving within an ascending channel. I'm considering a long setup based on the chart, with: Entry: Around $65,000 Invalidation: Daily close below $63,000 Take Profit: * TP1 at $76,500 * TP2 at $84,000 Disclaimer: This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Long
by evasivesteering
1
Bitcoin 100K Just Around The Corner Based On Elections Results Here is BTCUSDT (Bitcoin) on the weekly timeframe. The last session produced a candle with an long upper shadow/wick; the action is now happening below the 29-July price high (70,000), also below 11-March (73,787). Good morning my fellow Cryptocurrency trader, how are you feeling today? The week as it is now is definitely bearish. Closing below 70,000 would produce an inverted hammer. The hammer is a reversal signal and what would be reversed is the recent bullish wave. The week is not over though it closes tomorrow. We have one major upcoming event as the United States of America presidential elections, this is happening on the 5th of November, what will be the result? Whatever the result, this event is very likely to be leveraged by professional traders, whales and exchanges; one final shakeout move. ➢ If Bitcoin is set to grow, we will see a bearish trap. ➢ If Bitcoin is set to drop, we will see a bullish trap. It always tends to work in reverse. Who is going to win the elections? The candidate that is more favorable toward the Cryptocurrency market will win for obvious reasons; Crypto is the future of money and our societies, civilization and culture revolves around money. The volatility that will develop can create some confusion. Excitement can lead to mistakes. How to stay sane or avoid making mistakes? Focus on the price; Below 70K and the last All-Time High, the bearish bias remains intact and active. If Bitcoin moves above 70K and the last ATH, wait for confirmation on the weekly session. Say it moves above on Monday, Tuesday or Wednesday, just as it did this week, wait for confirmation because it can happen that it moves above for a few days just to come crashing back down. If it stays above, you have your bullish confirmation. How to stay sane? Zoomout, detach, focus on the long-term. Don't play the volatility and look around, what the rest of the market is doing? How are the other pairs/projects setup? Do you see major bottoms being drawn all across or major tops? If you see major bottoms, the logical move is a bullish wave. If you are seeing tops, peaks, rounded tops and break below support, the next move is likely to be one final bearish impulse before the correction ends. Focus on the price and everything is easy. The chart is now in a doubt zone but below resistance not above. This can be used either to confuse people or the market is revealing already the next move. Current session is pointing down. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
8
Bitcoin Analysis (1D)Hello, fellow traders! This is my analysis on Bitcoin (BTCUSDT). 1️⃣ Analysis We see the market in its historical rally after the election. I was hoping for a more steady, stable uptrend but instead we experienced an aggressive rally led by Bitcoin and Dogecoin. We now see the price being tested as it approaches the major resistance line (MRL). This line is based on the double peaks in 2021. When we extend the line to the right, as we see, it gives us an idea where to expect resistance. And here we are! I was expecting a slower, calmer uptrend within the green uptrend channel but instead, we see the upper breakout of the channel, starting an even more aggressive uptrend – resulting in price already reaching the MRL. And as expected, it is currently facing some resistance. 2️⃣ Expectations It’s very hard for us to predict what’s next because this is the price range we’ve never faced before. (This is also why I prefer swing trading over breakout trading 😅) However, there are still several scenarios we can expect. I’m not going to talk about the probability though because it seems meaningless considering the current market sentiments. This is the first scenario – Bitcoin reclaiming its aggressive momentum, breaking through the MRL and continuing the rally. Second scenario – Bitcoin swinging between two resistance lines, forming a ‘rising wedge pattern’. Price may break through either way in the end. Third – Bitcoin rebounding at the green resistance line, breaking through the MRL and showing rebound again at the MRL. Fourth – Bitcoin forming double top, start of a downtrend. (I’m not going to elaborate further than this because there are too many variables down the way – if the price does move this way, I will then post about it.) Last – of course we cannot exclude this scenario where Bitcoin breaks through the green resistance line. Price may then swing within the green channel, I don’t know. 3️⃣ Key approach 4️⃣ Other approach 5️⃣ Considerations I don’t have any approaches on Bitcoin right now. I think it is very dangerous to make predictions where Bitcoin might head next, so I’d rather sit and watch, see how it turns out and react accordingly. Keep in mind to always enter after the confirmation! For example, when the first scenario happens, enter after the rebound rather than entering after the breakout itself. Bitcoin is in its unprecedented range, please be extra extra cautious if you are thinking about joining the rally now. React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful. God bless :) Mark 4:39
by QJEEE
Bitcoin Analysis==>>DUMP==>>Filling GapsBitcoin ( BINANCE:BTCUSDT ) is currently moving in the Support zone ($70,100-$68,420) and near the Support line . According to Elliott's wave theory , Bitcoin was able to complete main wave 4 ( although with a little irregular movement ). I expect Bitcoin will break the Support line soon , and the main wave 5 can be finished in one of the Potential Reversal Zones(PRZs) and filling the CME Gaps one by one . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
17
Bitcoin/USDT Analysis – Post-US Election Rally📈 Overview: Bitcoin is experiencing a strong bullish rally, currently trading around $88,739. Following the recent US election, market sentiment has shifted significantly, with Trump’s projected win sparking optimism in the financial markets. Historically, political events like elections often influence crypto movements, and this time is no different. 📰 Election Impact on Crypto: Trump’s win is perceived as favorable for risk-on assets like Bitcoin, as his policies could potentially promote economic stimulus and deregulation. Institutional interest in crypto continues to grow amid global economic uncertainties, driving BTC’s price higher. 🔴 Resistance Levels: Key resistance zones to watch: R1: $92,055 R2: $95,449 R3: $101,443 These levels may serve as profit-taking points or areas where BTC could face temporary rejection before resuming its rally. 🟢 Fair Value Gaps (FVG): Identified gaps that could act as support during pullbacks: Upper FVG: $84,000 – $86,000 Lower FVG: $72,000 – $74,000 FVGs often serve as areas where institutional players step in, making them ideal zones to watch for possible retracements and reaccumulation. Crypto Market Insights: Bitcoin Dominance is rising as altcoins consolidate, signaling a shift in capital towards BTC. Macro View: With increasing inflation concerns and geopolitical tensions, Bitcoin is emerging as a hedge against fiat currency devaluation. Institutional Activity: Grayscale and other institutional investors are continuing their BTC accumulation, reinforcing long-term bullish sentiment. Trade Plan: Bullish Scenario: A break above R1 could see BTC targeting R2 and potentially R3. Pullback Opportunity: If BTC retraces, the FVG zones ($84K and $72K) could provide excellent entry points. Risk Management: Use Stop Losses below FVG zones or key supports to mitigate downside risk. Crypto markets are highly volatile. Always trade with caution and use proper risk management.
by JackofallTradz
Possible correction down for BitcoinHi traders, Last week Bitcoin did exactly what I've said in my outlook. Price came into the Daily FVG and reversed from there to a new ATH. If you've followed my analysis you could have made a lot of money. Now wave 5 has finished and it's too late to buy. So wait for the (corrective) downmove first before you take any trade again. Let's see what the market does and react. Trade idea: Wait for the (corrective) downmove first before you take any trade again. If you want to learn more about my analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! Eduwave
by EduwaveTrading