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BTCUSDT.5L trade ideas

Weird Prediction ChannelBITSTAMP:BTCUSD CRYPTOCAP:BTC Hello Monstralians, Despite ALL market negativity, Bitcoin remains bullish on both weekly and monthly timeframes. After analyzing Bitcoin's movement following the bearish market maker candle ( as discussed in my previous post:) ), it is evident that Bitcoin's bullish trend continues. Note 1: The next bullish mouvement will be slow and could take some time (3 to 4 weeks). Note 2 : I also spotted a formation of a parallel channel which many of you will disagree with me on the drawing but I believe it limits the next BTC mouvement. I am excited to see the precision of my channel. Happy trading !
Long
by Monstralian
BTC Short setup ## Technical Analysis of BTC Based on Volume Footprint Chart & One-Day Chart Overview: The one-day volume footprint chart of Bitcoin (BTC) presents critical signs indicating a potential decline in price, highlighted by a decrease in buy orders, the formation of a head-and-shoulders pattern, and the emergence of a rising wedge. 1. Decrease in Buy Orders: The volume footprint chart indicates a decrease in buy orders, which is a bearish signal. When buy orders decrease while prices maintain or rise slightly, it suggests weakening demand. This lack of buying pressure could lead to downward price movement, as sellers may drive the market lower when buyers are not stepping in to absorb excess supply. 2. Head-and-Shoulders Pattern: The identification of a head-and-shoulders pattern further supports the bearish outlook for BTC. This classic reversal pattern consists of three peaks: a higher peak (head) between two lower peaks (shoulders). The completion of this pattern typically signals a trend reversal from bullish to bearish. Traders should closely watch the neckline; a break below this level would likely confirm the bearish scenario and could trigger further selling pressure. 3. Rising Wedge Pattern: The presence of a rising wedge pattern adds another layer of bearish sentiment to the technical analysis. A rising wedge is characterized by converging trend lines and usually occurs during an uptrend, indicating that buying momentum is slowing. The price action within this formation creates higher highs and higher lows, but the narrowing range suggests that bulls are losing strength. A breakdown from this pattern typically results in a price decline, further corroborating the expectation of an impending drop in BTC prices. Conclusion: Given the confluence of these technical indicators—decreasing buy orders, the formation of a head-and-shoulders pattern, and the rising wedge—BTC appears poised for a decline in the near term. Traders should prepare for potential bearish actions, especially if BTC breaks below critical support levels indicated by the head-and-shoulders neckline and the lower trend line of the rising wedge. It is advisable to monitor these patterns closely in conjunction with volume trends to make informed trading decisions. Selling Area 99700/103900 Additionally, the hourly resistance, bearish divergence, and rising wedge pattern indicate potential downside for BTC.
Short
by SRFXGlobal
Bitcoin to 92,823Currently Bitcoin trading above 50 and 200 EMA, which make the near-term momentum is bullish. Stoch RSI around the 90+ range indicates a possible overbought condition, which can point to limited upside in the immediate term. RSI just below 70 also puts it near overbought territory but not necessarily at extreme levels. A Rising Wedge has been formed which is a signal for a potential reversal to 95000 or even lower to 92,823 If volume is picking up on pushes to higher prices, that’s a point in favor of continued upside. If volume dries up as price rallies, it can mean buyers are thinning out.
Short
by Karim1Hassan
$BTC analysisKey Levels: Upper Order Block (OB): This area is located exactly between 0.382 and 0.5 Fibonacci retracement levels and serves as a critical resistance zone where sellers are likely to enter. Descending Trendline: This trendline intersects with the order block, further reinforcing its role as dynamic resistance. Lower Order Block (OB+): Found near the 0.236 Fibonacci level, it acts as a strong support zone. Bearish Scenario: Triggers for a Downward Move: Price reacts to the order block between 0.382 and 0.5 Fibonacci levels. The descending trendline coincides with the resistance area, intensifying selling pressure. Steps of a Potential Decline: Step 1: Price faces rejection at the resistance area (OB). Step 2: The initial support around 97,944 (0.382) will be tested. Step 3: If this level breaks, the price may drop further towards 95,482 (0.236 Fibonacci) and the lower order block. Final Step: Continued selling pressure could lead to a deeper decline toward the 91,500 support zone. Updated Key Levels: Upper Order Block (OB): Located between 0.382 and 0.5 Fibonacci (97,944 - 99,934). Lower Order Block (OB+): Positioned near 0.236 Fibonacci (95,482). Conclusion: The area between 0.382 and 0.5 Fibonacci retracement is a critical zone for sellers. If the price fails to break this resistance, there is a strong likelihood of a decline toward lower support levels. Breakout Probability: If strong bullish volume and momentum push through the upper order block, the bearish scenario will be invalidated.
by ScorpionX_Co
"BTC Alert: Sellers Dominate Until the Price Hits the Bottom!"BINANCE:BTCUSDT COINBASE:BTCUSD 📈Which side you pick? Bulls or Bears Bitcoin (BTC) is currently forming a repetitive pattern. 📈 The price will test the identified support at the bottom of the channel, which could drive the price down toward the 86K-88K level. 📉 If the price drops below 92K, we may see a more significant decline into the 84K range, possibly accompanied by a long shadow reaching the 80-82K area (highlighted in red). 🔻🔍 🧐The Alternate scenario: If the price stabilizes against the direction of the position below or above the trigger zone (92K), the setup will be canceled.
Short
by CrazyS
Bitcoin at $93K: The $6.5B Auction That Could Shake the market1/ 🚨 Breaking News: The U.S. DOJ is set to auction $6.5B in Bitcoin, raising questions about market impact. With Bitcoin at $93K and institutional adoption at its peak, is this a turning point? Let’s break it down. 🧵 2/ 💪 Strengths of Bitcoin: 🌍 Decentralized Power: No single entity controls Bitcoin. 💎 Scarcity: Only 21M BTC will ever exist—a store of value like no other. 🔒 Network Security: A high hash rate makes Bitcoin one of the most secure blockchains. 3/ 📉 Weaknesses: 🕒 Scalability: High transaction volumes lead to slower confirmations. 🌱 Environmental Concerns: Mining’s energy use sparks global debates. 🤔 Complexity: Managing wallets and private keys remains a challenge for beginners. 4/ 🌟 Opportunities: 🏦 Institutional Adoption: Major players like BlackRock are entering the space. 🌐 Global Remittances: Bitcoin shines in regions where traditional banking fails. 🪙 Halving Impact: The 2024 halving could reduce supply, pushing prices higher. 5/ ⚠️ Threats: 📜 Regulatory Risks: Government actions, like this auction, could create turbulence. 📉 Volatility: Wild price swings still deter traditional investors. 🛠️ Tech Challenges: Rapid innovation might challenge Bitcoin’s dominance. 6/ 💵 Valuation at $92,728: Is Bitcoin overpriced? Some argue its scarcity and adoption justify the value. Others see a speculative bubble. What do you think—store of value or hype-driven rally? 🤔 7/ 📉 The $6.5B Auction Impact: The DOJ’s planned sale caused a 2.78% BTC dip. Historically, such auctions show limited long-term impact. From March 2023 to today, Bitcoin surged 375% despite similar events. 💥 8/ 🤔 Political Timing? Is this auction politically motivated? Some speculate it’s a preemptive move ahead of a Trump presidency. Critics argue it’s fiscally irresponsible to sell low now, only to potentially buy back higher later. 🏛️ 9/ 🛠️ Market Response: Structured auctions avoid market floods. Past events show resilience, with analysts like Ki Young Ju saying, "The $6.5B sale could be absorbed in a week. Don’t panic." The question is: Will history repeat? 10/ 💬 Your Take on the Auction: How will the $6.5B Bitcoin auction impact the market? Will it spark short-term volatility or will the market absorb the volume effortlessly? Share your thoughts in the comments below! 📩
Long
by DCAChampion
Daily Market Review and Analysis for BTC: January 4, 2025#BTC (4H timeframe): The total cryptocurrency market capitalization grew by 3.2% in the past 24 hours. Bitcoin’s dominance decreased by 0.5%. Bitcoin broke through the significant $97,400 volume level on an upward impulse but reached the lower boundary of the Ascending Channel, which has previously led to price pullbacks. Additionally, the On-Balance Volume (OBV) line has approached its resistance level, signaling a potential local correction. Possible scenarios: – The first support level is expected at the 4H EMA 200 around $96,000. – If the bounce from this level is weak and BTC fails to climb back above $97,400, the price could drop further to the daily EMA 50 at $94,000. From this point, a reversal is likely, with a renewed attack on the channel's lower boundary. – A return into the channel would confirm bullish strength and allow BTC to continue its upward trend. BTC is consolidating below the resistance level at $99,000. If another attempt to break through this zone fails, a local market correction remains a likely scenario. Keep an eye on key support levels and how BTC reacts to them.
by alihuseyn
BTCUSDT.P Bearish IdeaTodays trade I'm looking for shorts and here's why. Price shot down and has created a market structure shift on multiple time frames. But now were seeing a small uptrend on lower timeframes. But to me all I see it as is sweeping buy side liquidity because on the daily were still bullish but it didn't tough into the fair value gap though it is very close. I think price will move back down to this fair value gap then we will continue up So I have put shorts up to the fair value gap on daily and I have partials at lows so if those get swept, ill move stop loss to 0 for a free ride trade. let me know what you guys think.
Short
by tourvilledamian