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BTCUSDT.3L trade ideas

BTCUSDT Bitcoin is currently trading around $69,754 on a 4-hour chart, showing signs of consolidation within a sideways range between approximately $68,649 and $70,080. After a recent rally, the price seems to be stabilizing as it tests its moving averages. Key Observations: Consolidation Zone: Bitcoin is moving within a purple box range, suggesting indecision in the market as traders await the next direction. Moving Average Support: The 50-period (yellow) and 20-period (gray) moving averages provide dynamic support levels. A break below these could indicate increased bearish momentum. Potential Breakdown: If Bitcoin fails to sustain its position within this range, there’s a likelihood of a downward move targeting the next major support at $66,100.
by Sanhara
NEW IDEA FOR BTC Uncertainty in the US presidential election causes Bitcoin to fall By examining the trend in the one-hour time frame, Bitcoin is fluctuating in a descending channel, and now there is a possibility of a price decrease due to the placement of the rate below the moving averages of the ALLIGATOR indicator. In general, this scenario is reinforced that Bitcoin can decline to the support of the bottom of the channel in the range of 68067, provided that it maintains and does not record any one-hour close candle time above the resistance range of 70,558-70,236.
Short
by arongroups
1
Bitcoin Analysis: Can the 68,500 Support Spark a Fresh Upswing?Dear friends, Today, let's analyze Bitcoin. After reaching a peak of $74,000, Bitcoin is now testing its main support level at $68,500. This area is where we expect strong support to form, and given the current situation, we are likely to see a bounce back toward the current resistance at $71,200. However, the question remains: is this bounce just a temporary move before a continued downward trend, or is it a signal of a potential new upward rally? Our key support is at $68,500, while the current resistance stands at $71,200. Additionally, the 200-day exponential moving average plays a crucial role in steering the trend back toward an upward direction. The support level around $66,500 also overlaps with this moving average, which can strengthen this support. What do you think the future trend holds for us? We look forward to your thoughts! 🌟
by arzdigitalistha
4
$BTC - Deviation or Continuation?Bitcoin retraces to the previous value area. On the daily chart, price deviated above our VWAP and is now retesting its upper band. Currently, price is retesting the previous range high. If this level holds, a complacency bounce is likely. Immediate resistance to break is around 70.7k ( pdPOC) . A rejection at this level could drive price down to 68k (pwVAH) and potentially further to 66.4k (pwVAL) , sweeping through imbalances (single print/poor low) .
by Tealstreet
BTC - Thesis Now- SHORT!Overview This report outlines an intraday scalping strategy for Bitcoin (BTC) over the next 4 hours, leveraging short-term price movements. The analysis is updated every 25 minutes to allow for dynamic adjustments, optimizing potential profits and minimizing losses. The strategy is neutral, exploring both long and short positions based on current market conditions. Data Analysis Open Interest: Monitoring open interest at intervals of 1m, 5m, and 8h to gauge market participation and potential liquidity traps. Weighted Funding Rate: Analyzing funding rates to understand trader sentiment and potential funding costs. Liquidation Data: Identifying potential liquidation points to anticipate abrupt price movements exploitable in scalping. 2. CoinMarketCap Data Volume Analysis: Assessing trading volumes over 1m, 5m, 8h, and 24h intervals to determine liquidity and market activity levels. Circulating Supply: Observing changes in circulating supply that may affect price dynamics. Liquidity Score: Evaluating the liquidity score to understand the ease of entering and exiting positions. Candlestick Patterns: Identifying significant patterns that may signal upcoming price movements. Market Capitalization: Considering market cap for broader market context. 3. Sentiment Market Sentiment Analysis: Utilizing sentiment analysis to gauge top crypto sentiments, aiding in anticipating potential market shifts. 4. Sentiment News and Social Media Sentiment: Monitoring the latest news and social media trends to understand broader market mood and potential impacts on BTC's price. 5. Binance Data via TradingView Volatility Index: Assessing to determine the market's suitability for scalping strategies. Order Book Dynamics: Analyzing depth to identify significant buy or sell walls. Price Action Signals: Observing price action and candlestick patterns for potential breakouts or reversals. Momentum Indicators: Using RSI, MACD, Stochastic Oscillator, and Momentum to gauge the strength and direction of price trends. Technical Analysis Relative Strength Index (RSI): Currently below 40, indicating potential oversold conditions. Moving Average Convergence Divergence (MACD): Showing a bearish crossover, suggesting downward momentum. Moving Averages: Price is below key moving averages, reinforcing bearish sentiment in the short term. Average True Range (ATR): Rising ATR indicates increasing market volatility, suitable for scalping but requires careful entry timing. Bollinger Bands: Price breaking below the lower band, signaling potential continuation of the downtrend or an oversold bounce. Stochastic Oscillator: Entering the oversold region, which may precede a short-term bounce but also confirm the current downtrend. Volatility Analysis Increased Volatility: Ideal for scalping but necessitates vigilant monitoring to avoid sudden adverse price movements. Bollinger Bands Expansion: Confirms heightened volatility. Order Book Dynamics Sell Walls: Significant sell walls detected, possibly indicating strong resistance levels and potential for price declines. Buy Walls: Less pronounced, suggesting weaker support levels in the current market context. Price Action Signals Bearish Candlestick Patterns: Observed patterns like bearish engulfing suggest potential further downside. Breakouts and Reversals: Monitoring for any signs of trend reversals to adjust strategy accordingly. Momentum Indicators Negative Momentum: Supports the bearish outlook, aligning with other technical indicators. Convergence of Indicators: Multiple indicators pointing toward a short position increase confidence in the trade setup. Market Sentiment Mixed Sentiments: News and social media show mixed feelings, but prevailing negative sentiments could exert additional downward pressure on BTC's price. Sentiment Shifts: Keeping an eye on any sudden changes that could impact price movements. Trade Recommendation Outcome: OPEN_SHORT Confidence Level: 85% Current Price: $69,400.61 Stop Loss: $70,500 Take Profit: $67,500 Exit Point: $68,000 Entry Signal Criteria Timeframe: 15-minute charts. RSI: Below 40. MACD: Bearish crossover confirmed. ATR: Rising, indicating increasing volatility. Bollinger Bands: Price breaking below the lower band. Stochastic Oscillator: Entering oversold region. Important Considerations Alignment of Indicators: Only enter OPEN_SHORT positions when all enhanced indicators align to signal a strong entry point. Risk Management: Avoid entries during high-risk periods, such as significant news releases or market anomalies. Continuous Monitoring: Vigilantly monitor the market for sudden changes and adjust the strategy to prevent losses due to unexpected price movements. Current Open Positions Open LONG Positions: 0 Open SHORT Positions: 0
Short
by titankarma
1
Bitcoin Monthly: Full Chart AnalysisGood evening my fellow trader, I am hoping you are having a wonderful day. We have a tricky situation here with the monthly Bitcoin chart, I shall read it in full for you. The tricky situation is that the chart gives certain messages, it can be translated in different ways but there is always my own bias that I developed through looking not only at Bitcoin but also the Altcoins market. When I am reading and translating the chart this can change the meaning of certain chart signals. The signals are always one and accurate, the data is indisputable but it can be interpreted in many ways. In order to avoid clouding what the chart is saying with my own thinking, I will divide this analysis in two portions. The first one will be an unbiased look at the chart signals based on technical analysis and how it is used in the conventional way, and the second one will be my interpretation of the chart based on experience and taking into consideration marketwide action and sentiment and data that is not available on this chart. Technical analysis can be used to make predictions, just as it can be used to time trades, and these two are quite different approaches. Trading would be very easy because it would be based on resistance and support levels, the predictions part can be complex because the signals are mixed. For example, a double-top or resistance being challenged? A rejection below the last ATH or Bitcoin moving towards a new ATH and higher prices? This is what we are about to get into and I hope you enjoy the content. ➖ Bitcoin Monthly Chart Signals (Technical Analysis) This month BTCUSDT is closing green and it is the first time Bitcoin closes two consecutive months green since it peaked in March. Before this month, we saw an alternating pattern of one month red and another green. This is one of the lowest volume month of the year and this month produced the lowest volume from many months in previous years. This month produced almost the lowest volume ever. Only a few months in several years have less volume than this one. The current monthly session is producing a double-top pattern. The month closed below March's 2024 wick high and session close. In March, the monthly RSI closed at 76. In October, very close to the same price, the RSI closed at 66. (There is an interesting signal with the weekly RSI; in March it closed at 88 when it peaked but currently the RSI reads 59.90; a very strong bearish divergence.) The MACD is pretty standard for a rise with a curve starting to develop and a dropping histogram since March 2024. (The weekly MACD is showing a strong bullish cross.) October produced a neutral candlestick pattern. ➖ Bitcoin: Bullish Or Bearish? (Interpreting The Signals) The double-top pattern is a reversal signal. Ultra-low volume is bearish. It can happen that trading volume is still low because the real action is yet to start. But so far it is a sign of weakness. Bitcoin is moving up and growing but many Altcoins are not doing the same. The bull flag as a continuation pattern is no longer present on the chart, so, what to expect next? Bitcoin's chart is mixed as usual and it is extremely hard to predict the next move. This is normal and we shouldn't expect for it to be easy because many people are looking at Bitcoin and it becomes complex to know what happens next; but the market is one, we have the Altcoins and the smaller Altcoins can easily move ahead, and this is happening now. When Bitcoin stops and consolidates, goes sideways and we enter a doubt zone, we can always look at the Altcoins to know how the next move will develop. In the last three months, when Bitcoin would stop and hit resistance, the Altcoins were growing massively, 200-300%. When the Altcoins are growing, this is a bullish sign for Bitcoin. But if Bitcoin stops growing and enter a doubt zone, will it break down or up? We look at the Altcoins and see them all crashing and we know that Bitcoin is set to move down because the market is one. The same pattern that is happening now already happened in 2021. Most of the Altcoins market peaked in April/May 2021. Bitcoin went on to produce a higher high in November 2021. All the Altcoins produced a lower high and this signaled that Bitcoin was only producing this higher high as part of an irregular correction. And this irregular correction ended as a higher high rather than a lower high because of inflation. Since the money supply expanded considerably during Covid, the money gets devalued and when the expected lower high should happen it ends as a higher high, but if you adjust the chart for inflation or look at it through an oscillator such as the MACD or RSI you can see the truth. Present day, Bitcoin is hitting a new All-Time High basically, and Ethereum and the rest of the giants are trading so low that it is hard to understand. This is happening because only a portion of the players are participating in this wave. For the market to grow and produce a new bullish cycle with a major bull-run at the end, all the players need to be involved, this is not happening now, and this is reflected with most of the market being depressed and staying behind while Bitcoin grows. Conclusion: Bitcoin is like to enter a correction before hitting a new major high. A new major high would be the next Fib. extension level around 102,000. For this level to hit, we are likely to experience a correction first and this correction can be something surprising for most participants. Just as the market grows beyond expectations when bullish, it does the same when bearish. Just as it removes all barriers and shoots extremely high up, when correction times come, it will go deeper enough to liquidate 95% of all longs. Thanks a lot for your support. Namaste.
Short
by AlanSantana
16
BTC LONG 2HR TP:73000+ 01-11-2024 I have published a comprehensive analysis on a 2-hour timeframe, setting an ambitious target price of 73,000. This level presents an interesting opportunity for traders looking to capitalize on market movements. It’s crucial to stay vigilant and monitor market fluctuations and potential signals that could influence this trade. Always remember to manage your risk effectively to protect your capital. Wishing you all the best in this trade, and let’s hope to see positive developments in the coming hours! #Trading #Bitcoin
Long
by ReyDragon21
14
November, Scenarios In the October issue of Scenarios , we introduced two bullish scenarios — “Triangle” and “Diagonal” — which differed in the depth of their corrective moves. Ultimately, the first scenario prevailed. Today, we see a similar setup: two bullish scenarios once again, each varying in terms of potential correction depth. To the right, the October “Triangle” suggests that either the initial growth impulse has concluded, or — in a highly favorable case — an upward extension is developing. To the left is the scenario of a completed Diagonal, though a different type than in October, originating from the 52,550 mark. This scenario anticipates a deeper correction, potentially below 59K, before growth resumes. Currently, several market factors could favor a corrective scenario. The BTC Fear and Greed Index has dipped slightly to 75 points; however, this is still a high level, signaling the need for correction. Additionally, sell-offs have commenced in the U.S. market, as anticipated in our “November Surprise” idea . Iran has vowed to strike Israel before the U.S. elections. Meanwhile, despite high approval ratings, Trump might face barriers to re-election, which could trigger an immediate price pullback.
Short
by Nickonomics
1
#BTC Buy Zone Bounce Has Been Achieved📊#BTC Buy Zone Bounce Has Been Achieved✔️ 🧠From a structural point of view, the ideal target zone of the bearish structure has been achieved, and it has received good support near the neckline support zone. The rebound has now occurred as expected. ➡️ Unfortunately, the lowest point was $342 away from our second entry point, and it was not triggered. But it is satisfying to be able to make money. The main profit has been locked in, and the remaining positions will look forward to the realization of the resistance zone. Congratulations to friends who follow the wolf king to print money. 💰🍻 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
1
BTC ANALYSIS REVIEW"As anticipated, BTC offered a solid buying opportunity after breaking through the order block. I entered the trade following a confirmed break on the 15-minute timeframe, with a retest and rejection on the 5-minute timeframe. My stop-loss is positioned below the swing low, with the target profit near the next upper order block. I've already secured 40% profit at a 1:2 risk-to-reward ratio, and I plan to fully exit at 1:5. Follow for more trade insights and setups!"
Long
by munmeeth
BTCUSDT - UniverseMetta - Analysis#BTCUSDT - UniverseMetta - Analysis A correction of more than 6% has formed on D1, to a local support level, which may indicate a retest of this level, before going up, it is worth considering news factors in the near future, so as not to increase risks. You can try to work out a retest of the level, with a short stop loss, in order to avoid further corrective movement to the levels to update ATH. In the best case scenario, you can take a profit of 1:7. If the idea does not materialize, then wait for an additional entry point for purchases. Target: 70600 - 76550
Long
by Trade-U-Metta
Bitcoin (BTC): Sharp 5% Rejection From Major ResistanceBitcoin has made a nice 5% of marketprice movement after getting rejected from our major resistance zone (near ATH). So far, the price has done a good move and we are looking for further movement to happen to lower zones where the first target is $66K (where the unfilled CME gap is sitting at currently). The new month has started with a sharp sell-off so let's see how far this downward movement will lead us. Swallow Team
Short
by SwallowPremium
5
BTCUSDT. Selling and Buying StrategyHello traders and investors! It’s time for a new analysis, as all the targets from the previous analysis have been reached, and the situation has changed. Daily Timeframe Analysis As a reminder, on the daily timeframe, a sideways movement was formed on March 5 (with point 4). The lower boundary is at 49,000, and the upper boundary is at 73,777. The buyer's vector 10-11 has reached its target at 72,797. At the end of the vector, a buyer's bar with increased volume was formed. Just below, a buyer's zone appeared (green rectangle on the chart, with the upper edge at 69,519). The price is currently testing this buyer's zone. We are waiting for the buyer's reaction. The seller's vector 11-12 is now relevant, with potential targets of 52,550 and 49,000. At the same time, there are some signs that the price could update the all-time high (ATH): The seller's vector 9-10 broke the lower boundary of the range (point 4), but vector 10-11 has not yet broken the upper boundary (point 7). 8H Timeframe Analysis On the 8-hour timeframe, a sideways movement was formed on July 29 (with point 4). The lower boundary is at 49,000, and the upper boundary is at 71,997. The buyer's vector 5-6 successfully broke above the upper boundary of the range. At the end of this vector, a buyer's bar with increased volume was absorbed by the seller, who formed a seller's zone at the upper boundary of the range (red rectangle on the chart, with the lower edge at 71,864). The latest sub-impulse on the 8-hour timeframe started from the 65,596 level. A buyer's zone is located at the base of this sub-impulse (green rectangle on the chart, with the upper edge at 67,890). The price is currently testing the level of the previous sub-impulse's end at 68,850. We are waiting for the buyer's reaction. The seller's vector 6-7 is now relevant, with potential targets of 52,550 and 49,000. However, there are also signs that the price may update the ATH: the configuration of bars and volumes within the buyer's vector 5-6 shows that key volumes are located at the base of the vector. Summary On both the daily and 8-hour timeframes, the buyer's vectors within the ranges have played out. The seller's vectors are now relevant. The seller has begun to resume activity, and the price has entered a contextual buyer's zone. At the same time, there are signs on both the daily and 8-hour timeframes that the price could update the ATH. For this reason, it's advisable to look for short trades from the seller's zone protection on the 8-hour timeframe. It's also possible that the seller will form a seller's zone on the daily timeframe today if they absorb the buyer's bar from October 29. Looking for long trades is reasonable from the buyer's zone protection on the daily or 8-hour timeframe, for example, in the 66,000–68,000 range. Good luck with your trading and investments!
by AlexeyWolf