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BTCUSDT.3L trade ideas

$BTC the bull run is NOT finished, reminder to stop FUDIn another idea (check my idea), I had forecasted a -50% dump of CRYPTOCAP:BTC , and we are close. I also highlighted that on a weekly timeframe, CRYPTOCAP:BTC had been oversold due to ETF hype, which forced CRYPTOCAP:BTC to consolidate mid-bull market to reset the MACD and RSI to lower levels, just like in 2021. Here was the idea: Additionally, this idea perfectly forecasted what is happening now: I also correctly predicted that all these CRYPTOCAP:BTC owned by external actors would have to be sold on exchanges to reach the market, negatively impacting the price action. Now, here is an updated chart to my previous idea that accurately forecasted the current situation. What is coming next? Check the MACD. On the weekly timeframe, we are close to the same situation as in 2021 when CRYPTOCAP:BTC bounced back to go parabolic. The yellow line shows the level where the MACD could cross and reverse to finish this bull run successfully. In the worst-case scenario, we might continue the downtrend pressure while the RSI and MACD reset lower. This pressure counterbalances the bull run and is the reason why CRYPTOCAP:BTC does not have the energy necessary to pass over the top resistance and is ranging. This range will continue until the weekly MACD crosses over and the RSI reaches the oversold territory. The good news is that the more time it takes, the lower the MACD and RSI will be, the longer the final bull run will become, and the higher CRYPTOCAP:BTC will go. MT.Gox, Germans, Genesis, and Grayscale have done their dumping, so the sky is getting clearer, and the sun is starting to shine. I do not think this bull run will be canceled; there is no way it can happen. It can be delayed by external factors, but the charts are clear and clean. We are moving forward in a massive way as soon as CRYPTOCAP:BTC gets oversold. From the chart, a true reversal in the trend should happen between 2 to 10 weeks. Be patient, do not panic, do not sell your coins; your portfolio will turn back to green soon. DYOR.
by CryptoNikkoid
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BTC New ATH EnvironmentEven though price convincingly closed above the ATH with a 1D CC, because it's a Monthly level (March 2024 ATH = level) you have to remain sceptic: it's all about the 1M CC; a LTF setup will determine the closure of the November 1M candle. If price goes down first (low probably inbetween two dashed lines) then it's probably a free bull run. If price however goes back to the highest high and afterwards falls below this structure (blue line) then it's probably a short. Price could also pump and stay above the current highest high, then it's probably also a bull run.
by EyyJasper
Bitcoin and altcoin overview (November 08-09)Yesterday, Bitcoin tested the local high once again, but the update was relatively weak. Currently, it is more likely that we will retest the significant volume zone of $75,000-$73,500, from which a buyer's reaction and a resumption of purchases are expected. If there is no reaction, we will shift to a downward structure. Buy zones: $75,000-$73,500 (volume anomalies, accumulated volumes), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity). Interesting altcoins. For SUI , we may see a decent correction soon after its growth. The cumulative delta has been rising throughout the accumulation period, which could indicate the seller holding positions through limit orders. We are considering a short position if there is a breakout of the trendline and a retest of the volume zone at $2.27-$2.334, or in case of a false breakout of the local high.
by Crypto_robotics
Bitcoin ATH: Potential Retracement Zones and Key LevelsBitcoin current price now is 76k surpassed ATH at 14 March 2024, after surge more than 13% we may see increased speculation and bullish momentum driving the price higher. However, if Bitcoin struggles to maintain upward momentum near this level, we may witness a retracement before the next significant move. Retracements are a common and healthy part of price movement, providing the opportunity for consolidation before the next leg up. On the chart, we observe several retracement levels marked by Fibonacci retracement levels, as well as Fair Value Gaps (FVGs) that may act as areas of support if Bitcoin's rally takes a breather. 1. The first potential support level sits at the 0.5-0.62 retracement level. This zone represents a modest pullback and would allow Bitcoin to establish a higher base without losing its bullish structure. This level falls within an FVG, which might reinforce the zone as a strong support if Bitcoin pulls back to this area. 2. A deeper retracement could see Bitcoin testing the 0.705-0.79 retracement level. This level could attract more significant buying interest, as it represents a meaningful correction or extreme discount zone that provides an attractive entry point for new buyers. 3. Green zone (OB) signaling areas of potential liquidity where buyers might enter aggressively to capture value. Trendline Support and Horizontal Levels Trendlines provide insight into Bitcoin's directional bias. A rising trendline, indicated in yellow on the chart, has been guiding the recent rally and could serve as dynamic support in case of a downturn. If Bitcoin respects this trendline, it would suggest a continuation of the uptrend, with the trendline acting as a safety net for any dips in price. This would allow BTC to pull back and consolidate while maintaining its upward momentum. Another significant level is marked as "rH" around $73,787, a former resistance level that could now act as support. If Bitcoin retraces to this level and finds support, it could reinforce bullish sentiment and potentially lead to another rally attempt. Volume Analysis We also see moderate trading volumes, indicating sustained but cautious buying activity. An increase in volume at higher prices would strengthen the case for a continued rally, as it would demonstrate robust market interest. Conversely, if the volume decreases during a pullback, it may indicate that sellers lack conviction, suggesting that the retracement could be brief and limited to consolidation.
by Perseusx01
Market Analysis: A Breakout to New Highs, but Will It Hold?After a prolonged over 250-day range, BTC has broken out to a new all-time high (ATH) above the $75K zone, fueled by renewed interest following recent election sentiment and influential media coverage. This breakout marks a key technical development, but the question remains: Can it sustain? Key Observations and Price Action Insights New High Zone ($75K): The breakout above $75K looks technically healthy, with price action showing strength and bullish sentiment. To build confidence in a continued uptrend, BTC would ideally hold above this zone consolidating through few days, allowing for a strong base before seeking higher levels. Potential Retracement Levels: Mid-Range Support ($63K): If the current level fails to hold, BTC could revisit the mid-range support around $63K, a key level for possible consolidation and renewed buying interest. Lower Range Support ( GETTEX:52K ): In the unlikely event of a more substantial correction, BTC could target the lower boundary near $52K. However, strong interest from high-profile figures and positive sentiment may help mitigate any significant pullbacks. Strategy Considerations: Traders should proceed with caution while tracking these key levels. Although sentiment and momentum remain robust, monitoring BTC’s behavior at these crucial zones will be essential for managing potential risks. The coming days could set the tone for a continuation or indicate a reversion to established levels.
by hazaq
ATHs Reached, What Now?It's been some time as we were simply waiting on this major market movement to occur and reach all time highs. So the question is, what comes next? My speculative hypothesis is: We get a deep market retracement. Eventually. My actual plan is this: We have broken out of a major range that we were in for ~6 months. Now we monitor price and wait for the next structure to build. This structure can be another range, such as the small range example on chart. Or it can be a reasonably sharp reversal at some point. But the key is that the anxiety can be removed from trying to constantly catch a top (if you are also somewhat bearish), by reassuring yourself that the market will show itself bearish when the time comes. That's why we have a hypothesis but will still wait for the next structure to form. And that is exactly what I will be doing from now, beginning to scale some profit on spot holdings as I see fit and monitoring larger timeframes to watch for the next structure.
by Obscure_Trading