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BTCUSDT.3L trade ideas

BTC Thesis Today - Read Signal CriteriaIn the current market environment, Bitcoin (BTC) presents a mixed bag of opportunities and challenges for scalping. This analysis focuses on optimizing short-term trades over the next 4 hours, leveraging both technical indicators and market sentiment to make informed decisions. Data Analysis Open Interest: Shows a moderate increase, indicating heightened trader activity. Weighted Funding Rate: Slightly positive, suggesting a bullish sentiment among futures traders. Liquidation Data: Reveals a balance between long and short positions, indicating no extreme bias in the market. CoinMarketCap Data Trading Volume: Substantial over the past 24 hours. Liquidity Score: Indicates strong market depth. Circulating Supply: Remains stable. Market Cap: Shows resilience despite recent volatility. Candlestick Patterns: Suggest potential bullish reversals, but caution is advised due to mixed signals. Sentiment Market sentiment analysis from Augmento.ai indicates a neutral to slightly bullish sentiment, with "HODL" and "Bullish" being the top sentiments. This aligns with technical indicators suggesting potential upward momentum. Recent news and social media sentiment are mixed: Optimism: Around institutional interest in BTC. Concerns: About regulatory developments. This could lead to short-term volatility, which scalpers can exploit. Binance Data Volatility Index: Moderately high, suggesting potential price swings. Order Book Analysis: Significant buy walls at lower levels (support) and sell walls at higher levels (resistance). Momentum Indicators: Mixed signals; some show bullish potential while others suggest caution. Technical Analysis 1-Minute Timeframe RSI: Above 60 (Bullish). MACD: Showing a bullish crossover. ATR: Rising, indicating increasing volatility. 5-Minute Timeframe RSI: Around 57 (Neutral to slightly bullish). MACD: Below the signal line. Price Action: Suggests potential upward movement. 15-Minute Timeframe RSI: At 52 (Mixed signals). Bollinger Bands: Price breaking above the upper band, indicating potential bullish momentum. 1-Hour Timeframe RSI: Below 50 (Bearish signals). MACD: Below the signal line. Recommendation: Caution is advised. 4-Hour Timeframe RSI: Around 45 (Neutral). Price Position: Below key moving averages, suggesting potential resistance. Trade Recommendation Given the current market conditions and technical indicators, the recommendation is to consider short-term long positions, capitalizing on the bullish signals in the 1-minute and 15-minute timeframes. However, be prepared to adjust positions quickly if bearish signals strengthen in longer timeframes. Outcome: OPEN_LONG Confidence Level: 68% - Moderate-High RISK now !! Current Price: $69,630.02 Stop Loss: $68,500 Take Profit: $70,500 Exit Point: $70,000 Entry Signal Criteria Timeframes: 1-minute and 15-minute RSI: Above 60 MACD: Bullish crossover ATR: Rising, indicating increasing volatility Bollinger Bands: Price breaking above the upper band Stochastic Oscillator: Entering overbought region Current Positions Open LONG Positions: 1 Open SHORT Positions: 0 Additional Analysis Volatility Analysis The ATR suggests increased volatility, which can be advantageous for scalping. Avoid entering trades during sudden spikes to minimize risk. Order Book Dynamics Monitor buy and sell walls for potential price reversals: Buy Walls: Significant at lower levels, providing support. Sell Walls: Indicate resistance at higher levels. Price Action Signals Look for bullish candlestick patterns, such as engulfing or hammer formations, to confirm entry points. Real-Time News Impact Stay updated on: Regulatory News: Any developments that could impact BTC's price. Institutional Activity: News about institutional investments in BTC. Momentum Indicators Use the Stochastic Oscillator to gauge the strength of the current trend and adjust positions accordingly. Market Sentiment Leverage sentiment analysis to anticipate potential market shifts and adjust strategies in real-time. Conclusion The current BTC market presents opportunities for scalping, especially in shorter timeframes with bullish indicators. Traders should remain vigilant, monitoring both technical indicators and market sentiment to make timely decisions. Follow us x.com
by titankarma
Bitcoin scenario 04.11.2024Bitcoin, similar to the Nasdaq, is at an all-time high, as last time we managed to capture the price level of 49,000 up to the current level. I believe that before we start trading above the all-time high we will reach the price level I mentioned, yes there could be an option for us to take liquidity from the high and only then go down. But I don't expect to trade long above the all-time high - my scenario is to first hit my bottom area and then run up
Short
by David_capital
Examining Support at $68,500 and Resistance at $70,600🔹 Market Overview: Bitcoin has managed to hold the significant support level at $68,500 after a recent struggle, closing the daily candle above this level. This stabilization creates an opportunity for the price to move towards the $70,600 resistance. 🚩 Key Levels: Fair Value Gap (FVG) at $70,600: This area, aligned with the 50% Fibonacci retracement of the previous wave, serves as a strong resistance for Bitcoin. Upon reaching this level, there’s a high chance of a bearish reaction and price rejection. Order Block at $71,200: Another resistance at $71,200, overlapping with the 61.8% Fibonacci level, acts as an additional resistance zone that could potentially trigger a trend reversal. 📉 Potential Trend Reversal: If the price encounters these areas (FVG or OB), there’s a high probability of a weekly correction initiating from these points. 📈 Inverse Head and Shoulders Pattern: An inverse head and shoulders pattern is currently forming. If the neckline is broken, it could open a short-term buying opportunity. 🔔 Conclusion: Breaking through these key resistance levels may indicate further bullish movement; otherwise, a pullback to support and a corrective phase might follow.
Short
by arzdigitalistha
1
Bitcoin Shows Upward Momentum, Targets Key ResistanceBitcoin (BTCUSDT) is displaying an upward trend, currently trading around $69,078 as it nears critical resistance levels. The chart suggests BTC is consolidating within an ascending channel, with immediate resistance expected around the $70,000 mark. A break above this zone could propel BTC towards the $72,755 target, signaling stronger bullish momentum. Analysts highlight that maintaining support above $68,730 is crucial for sustaining this upward move. Market sentiment remains cautiously optimistic, with traders closely watching for potential breakout signals in the coming sessions.
Long
by Sanhara
1
Bitcoin is going to 63k???!!!Hey guys! I know it's weekends, but some of the markets are working today and I decide to talk about current BTC position. So, we're making this cool off, which is also almost full A correctional wave and in 2 days we have US elections, which can be really affective. Plus the volumes have convergence with the movement RSI is still uncertain, and MA cross on 4H is bearish. For me, we could easily fulfill the C wave and after we can find the next enter point. Your thoughts? How elections will influence?
Short
by SheTradesHub
6
This volatility period is until November 5th Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- When a new candle is created on the 1W chart, I will explain it in an update. --------------------------------------- (BTCUSDT 1M chart) If the BTC price touches around 89K, it is expected that it will never be below 42K again. - As the new month begins, the StochRSI indicator is showing an upward turn. However, since the StochRSI EMA is located around the 50 point, we can see that volatility still remains. The point to watch is whether the price is maintained above the StErr Line and rises above 71280.01 to challenge the ATH. The black line without any numbers indicates the upper or lower point of the box section of the HA-HIgh or HA-Low indicator. The upper or lower point of the box section of the HA-Low and HA-High indicators on the 1M and 1W charts can be used as support and resistance points when trading. - (1D chart) While falling below 68393.48, it is touching the entire MS-Signal indicator and showing an upward trend. Accordingly, it is thought that the possibility of support in the 68393.48-70148.34 section has increased. Therefore, if support is confirmed in the 68393.48-70148.34 section, it is a time to buy. As I mentioned in the previous idea, the pull back pattern is a pattern that can be recognized when it is completed. Therefore, it is quite difficult to buy at the bottom of the pull back pattern. That is why, when the decline begins after the rise, you have no choice but to check the importance of the support and resistance points drawn on the 1M, 1W, and 1D charts and think about countermeasures for them before preemptively trading. Therefore, since the probability of failure is quite high, you must think about a loss cut or selling method before trading. If you buy in the 68393.48-70148.34 section and it rises above 70148.34, 1st: 71280.01-72344.74 2nd: 73620.12 You must check for support near the 1st and 2nd above and respond. - This volatility period is expected to start around November 4th and end around November 16th. Accordingly, we need to keep an eye on the movements around November 4th (November 3rd-5th), November 10th (November 9th-11th), and November 16th (November 15th-17th). In order to rise along the linear regression channel, the price needs to rise above 70148.34 to maintain its position, so whether it can find support and rise in the 68393.48-70148.34 range is key. ---------------------------------------------------- We choose the time frame chart to trade according to our investment style and trade according to the movement of that chart. Accordingly, we will look at the time frame chart to trade most of the time. Also, since most trading charts are likely to be below 1D charts, there is a high possibility that you will trade without understanding the overall flow. Therefore, before starting a trade, you must check and understand the flow of the 1D chart and then trade. Otherwise, you may trade incorrectly due to fakes or sweeps when trading on time frame charts below 1D charts. - Add the StochRSI indicator to the 1D chart. Set the StochRSI indicator as shown in the picture above. Then, you can check the movement similar to the StochRSI indicator that I use. (The best way is to share my chart and paste the indicator into your chart.) Then, if the StochRSI indicator is rising based on the 50 point, - you should focus on finding the time to sell, - if it is falling, you should focus on finding the time to buy. Depending on the location of the StochRSI indicator, volatility may occur. 1. When falling in the overbought zone 2. When located in the 50 point zone 3. When rising in the oversold zone When the above three movements occur, the price may show volatility. If this volatility occurs at a time, you should check the movement of the 1D chart to avoid being caught in a fake or a sweep. - The trend-based Fibonacci extension shown on the left was drawn at the point where this rise began. Therefore, you can use it only as a reference for chart analysis. - It doesn't matter which time frame chart you start trading on. However, you can create a trading strategy that matches the investment period, investment size, trading method, and profit realization method according to the time frame chart and respond accordingly. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
BTC/USDT LOCAL Short SignalI'm observing a bearish trend on BTC/USDT. Bitcoin has broken through a significant support level around $67,606, indicating potential further downside. The setup is clear, with an entry just below the support level, aiming for a substantial move lower. Bitcoin has shown continued selling pressure, with lower highs and lower lows, indicating a downtrend. The breakdown of support aligns with this trend, suggesting a continuation of the bearish momentum. This trade follows the momentum, aiming to capitalize on the downward move. Disclaimer: This is not financial advice. Please conduct your own research and use appropriate risk management in trading.
Short
by HedonistTrade
2
Bitcoin Weekly: New All-Time High Coming Soon!The weekly timeframe produced the biggest upper shadow of the year. This is the strongest bearish candle since October 2021. What to expect? The move we are about to experience is only a temporary event, a short-term move. Bitcoin is about to drop but this is only momentarily, it should be over in a flash. As soon as the bottom hits, we are green long-term. If we focus on the long-term, this is a non-event. Prepare for the drop. The week closes today. Namaste.
Long
by AlanSantana