BTC Weekly Chart is a little bit concerningThe BTC weekly chart is somewhat concerning. BTC is likely to correct on the daily timeframe back to the support zone and meet the weekly trendline. This area coincides with the 0.5 Fibonacci level, and the RSI is also showing an oversold condition.by qude17110
BTC - TWO Theories - ELLIOT Wave vs FRACTALElliot Wave Theory is an absolute favorite of mine, combined with Wyckoff Method and chart analysis (trendlines and technical indicators). If you've been following; you'll know I've been speaking of a multi-month cycle, specifically a multi month corrective wave before the final impulse wave up (4-5). Considering we're still in that corrective phase, let's take a look at TWO options from here: Option 1 , is we retrace around -50%, same as last time. However, this would pose an issue - if we drop lower than (1), it invalidates the Elliot Wave Theory, and also invalidates the bullish cycle. The second problem, is that the previous cycle's increase (2-3) was MUCH bigger than the current 2-3 we are observing. This brings us to option 2. Option 2 , is that we retrace around the same ratio as the previous cycle. To calculate the ration, we need to see what % we retraced and compare it to the % increase. We increased 1533.92% (2-3)and retraced 55.25% (3-4). That means it's a 3.6% correction compared to the increase. For the current cycle, we increased 357.27% (2-3) and retraced 33.76% (3-4). This gives us a 9,45% correction - three times as much as the previous cycle. You can take this two ways - either we're following a 50% correction, OR we're not falling lower than the current point 4 which is around $49K. Share your thoughts! ____________________________________ BINANCE:BTCUSDT Shortby CryptoCheck-5
The trades you need this week! Undoubtedly, last week was a slow week as far as tradeable setups go. 📉 We haven't had many obvious plays. Here are setups for the week: 📝Continuation plays on the bear side Reaction off the low for a counter trend model 2 Reaction of the last lower high for a continuation play For each one of these plays I will be waiting for a change in market structure before entry. Watch the full video for a detailed analysis and stay ahead of the curve! 🔍📈 Make sure to follow for regular updates and insights! 🔔💡 Watch video IN CHANNEL for full breakdown ▶️ #500FOLLOWERS 🎉 #500GIVEAWAY 🎁 24:13by Trade-Journal2
Again It Respect my level# BitcoinHello trader's Here is the new update about your target if you missed it then don't regeret it again give chances.. so don't forget to follow .. Longby vikashsharmaxz3
BITCOIN BULLISH WEDGE @80K$BITSTAMP:BTCUSD. Should we be worried or be exited about the price action of #Bitcoin. Looking at the price action of BTC we can see that there is a lot going on in the market and some traders are really worried about the next move for Bitcoin. So looking at the current price action, we can clearly see that Bitcoin is forming a falling wedge pattern which is a bullish continuation patten, also if we look at the current price level of 53k, we can see that price has been experiencing some rejections at this area. If Bitcoin should bounce off from this price zone, we should see a retest of the 60k area but if fails and breaks below we should see a proper rejection from the 50k area. Now the question is should we be worried about the 40k which stands as demand zone which we could definitely see Bitcoin retest that area if it fails to hold support around the 50k level. looking at the price action and the fundamental activities like CPI, UNEMPLOYMENT CLAIM and many more, we should probably expect some huge volatility which either push the price down to 50k or up to 60k levels respectfully. My suggestion to any who want to invest in Bitcoin or any other Cryptocurrency is for them to wait for proper rejection and support for Bitcoin. PLEASE DO ME A FAVOUR BY # FOLLOW FOR MORE WEEKLY MARKET UPDATES, # LIKE AND POST THE POST, IF YOU LIKE WHAT I DO YOU CAN SHARE THE POST. THANK YOU AND HAVE A LOVELY TRADING WEEK.Longby Jahson234
Medium term buy position for BTCUSDTIn this range, you can take a long position. To get confirmation and risk to better reward in the position, refer to the 1-hour timeframeLongby mhbaniasadi4
450R BTC LongExpecting a move to $140k within 4 weeks once the all time highs are brokenLongby TipsOfPips2
#BTC reaches the periodic resistance zone📊#BTC reaches the periodic resistance zone 🧠From a structural point of view, we have constructed a bullish double bottom structure near the buying zone, which means that the previous decline is over, so we need to be wary of a continued rebound. ➡️At present, we are near the resistance zone and the downward trend line, and there is an expectation of resistance and a fall, so even if we are bullish, we need to wait for a period of correction before participating. The next strong resistance is near 57.3k. Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P Longby wolf_king8883
09/09/24 Weekly outlookLast weeks high: $59,829.20 Last weeks low: $52,551.34 Midpoint: $56,190.27 More sell-off last week in the crypto markets, very tough market conditions continue, hitting the $52,000 bullish OB+ again, the first time being exactly one month before. This area had held as support previously but it needs to hold this time around too, failing that $50,000 is the bottom of the daily downtrend channel. US CPI (Wednesday) & PPI (Thursday) this week, as with big news events we can potentially see volatility, this will be the last US CPI before rate cuts begin in the US, in Europe rate cuts are forecast to begin on Thursday, predicted to drop from 4.25% to 3.65% according to invesing.com, a 60bps cut. Another major news event this week is the Trump v Harris Presidential debate. I'm not expecting a whole lot of crypto talk in this debate, if I'm being completely honest I can't see it being an adult debate about political policy at all. However, I do think it will have an effect on the markets one way or another, obviously Trump is the better outcome for crypto if he stays true to his plans set out during the Bitcoin conference compared to the plans for the Harris administration to tax un-realized gains which is not very pro-investment. Again, I'm not holding my breath for any information on crypto but it is a major news event all the same. So in conclusion this week is full of news events that could create volatility, with BTC at its current level nearer the bottom of the daily trend. It does feel like we're maybe coming to an end of the chop with monetary policy pivot taking place soon. by ProR351
SELL BTCUSDT BELOW 55080Market Analysis: The current market structure for Bitcoin (BTC) is exhibiting bearish tendencies. The price is approaching a significant high level, and there are potential selling pressures near the Order Block and Point of Interest (POI). Additionally, the Fibonacci Golden Zone is a critical area to watch. Trade Recommendation: If the price breaks below 55,100, it could indicate a surge in selling pressure. To capitalize on this potential downtrend, consider a short position. Trade Details: Entry: Sell BTCUSDT below 55,080 Target: 54,400 - 54,000 - 53,800 Stop Loss: 300-500 points Rationale: Bearish Structure: The overall market structure suggests a bearish trend. Order Block and POI: These areas often act as resistance levels, and a break below them could trigger a sell-off. Fibonacci Golden Zone: This zone represents a significant price level that could offer resistance. Liquidity: The presence of large liquidity levels at 54,400 - 54,188 could provide support for a potential price decline. Note: This is a general recommendation based on the current market analysis. Always conduct your own research and consider your risk tolerance before making any trading decisions.Shortby Trade_With_Prakash4
BTC shortShort term BTC decline on price following inverted W pattern formation. Follow for more @Leo_cryptowarShortby leo_cryptowar337
Bitcoin facing decline amid Bearish pressureBTCUSDT continues its downward trend, with a noticeable lack of buying pressure since late August. The price action has been characterized by consistent lower lows and lower closes. Even on the daily chart, we see this pattern persisting, despite a recent false breakout below the July low, with the price hovering near that level again. Historically, September tends to be a difficult month for Bitcoin, often resulting in negative performance. This pattern suggests that the price could drop further, potentially breaking below the 50,000 mark and aiming for the support zone between 48,000 and 45,000. If the price reaches this zone, a strong rebound could occur, potentially sparking a new bullish trend. The target is the support level at 51,220.00Shortby RTED_Investing7
BTC - BIG LONG?I've reviewed hundreds of coins in the past few days, and I can confidently say — they're in a tough spot right now The charts have dropped so much that many no longer believe in the success of these coins. As an analyst, I see global descending wedges starting to form — a phenomenon I observed before the previous bull market. As for BTC, I’m seeing prolonged consolidation with the removal of all levels. Experience tells me that autumn is the "golden time" for crypto, so the BTC fractal might play out, as I’ve shown in detail on the chart.Longby Du_Trade7
My expectations vs the possibilitiesThe long that was taken has played out well. And the short are tucked out. This does not mean that the short was a bad trade. But that we have broken a level. We have now gained and retested the level that Bitcoin has brought down. Unfortunately, the breakout has already happened Longby KoraalTheOcean2
is the bottom in ? BTC longit is very clear to me that this year bear cycle is not going to be like covid crash since the FED has announced IT IS TIME TO ADJUST POLICY from being restrictive to easing. fill your bags with the good ones and for sure BTC is one of them. Longby moeinimasih1
BTC/USDT Weekly Update:!!The BTC/USDT weekly chart shows Bitcoin currently trading near $54,996, testing a descending trendline and a key horizontal resistance zone between $60,000 and $65,000. There is a significant support zone between $43,000 and $46,000, which Bitcoin has respected in the past. This zone could serve as a strong base for a potential bounce if tested. The highlighted resistance zone around $60,000 to $65,000 remains a critical area that Bitcoin needs to break above to confirm a bullish continuation. The green support zone between $43,000 and $46,000 is the immediate downside target if Bitcoin continues to face selling pressure. Below this level, the ascending trendline offers additional support around the $40,000 level. Potential Scenarios: If Bitcoin can hold above the $55,000 mark and push through the overhead resistance, we could see a rally towards the next psychological level of $70,000 and beyond. The upper arrow on the chart suggests optimism for a potential breakout. A failure to hold above current levels might lead to a retest of the lower support zones around $46,000, and potentially lower if market conditions worsen. A weekly close above $65,000 would provide a strong bullish signal, indicating a potential continuation toward all-time highs. Monitoring volume and momentum indicators like RSI and MACD on the weekly timeframe could provide early signals of a trend reversal or continuation. The presence of a descending triangle pattern indicates potential consolidation before a major move. Market sentiment will play a key role in dictating the direction of the next breakout. Broader market factors, including macroeconomic data and overall crypto market health, will influence BTC's price action. Traders should watch the key support levels closely and consider stop-loss placements just below the $43,000 zone to manage risk effectively. It's important to adjust positions based on Bitcoin's price action around these critical zones, especially near major support and resistance levels. This weekly update provides an overview of the key levels and potential scenarios for BTC/USDT. With Bitcoin currently at a crossroads near important resistance, market participants should closely monitor for breakout or breakdown signals in the coming weeks. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!Longby CryptoSanders95635
BTC - LTF Internal LiquidityMarket filled its inefficiency resting at 55.3k as weekly closes. Late shorters are getting stopped out. If traders keep on shorting, a squeeze toward 56k area is very likely. Reaction at 56k level will be really telling and where the FOMO buyers would be piling in. Area of Interest: Wait for a valid retest on ltf demand 53.7k to 53.3k targeting single prints/poor highs or if price can get toward resting liquidity above marginally lower highs. Possible Targets: 56.7k 58.3k 60.2k by Tealstreet1
BTC Bullish Flag Formation - Bullish Target Level $96,500BTC Formation Bullish flag Pattern Date : 08 Sep 2024 Bullish Hard confirmation Level : $74,500 Bullish Continuation Level : 96,434 No Bearish Divergence found when price started lower trend at flag pole Dated 11 Mar. Longby faisalasif89335
Market DirectionThe "Market Direction" indicator combines four advanced sub-indicators to provide a comprehensive and multi-dimensional analysis of market trends, momentum, and potential reversals. This innovative approach leverages different aspects of price action, volume, and market sentiment, offering traders an in-depth view of market conditions. 1. Fractal Indicator: Multi-Scale Price Action Analysis The Fractal Indicator identifies significant highs and lows over six different pivot lengths, offering a nuanced view of price action across multiple timeframes. By comparing distances from current closing prices to these key fractal points, the indicator determines potential trend reversals and market direction. This approach enables traders to adapt their strategies to various market conditions, capturing both short-term fluctuations and long-term trends. 2. Volume MACD Indicator: Enhanced Market Momentum The Volume MACD Indicator goes beyond traditional MACD analysis by incorporating volume-weighted movement and the structural attributes of candlesticks (such as body length and wicks). This hybrid model offers a more comprehensive understanding of market momentum by integrating both price action and trading volume. The use of Smoothed Moving Averages (SMMA) reduces noise and ensures more stable signals, helping traders focus on sustainable trends and longer-term investment opportunities. 3. Cumulative Volume Momentum Indicator: Volume Dynamics Insight The Cumulative Volume Momentum Indicator evaluates the momentum of cumulative buying and selling volumes, offering a clear picture of market strength and potential reversals. By comparing the relationship between open, close, high, and low prices, and applying a MACD approach to these volume dynamics, this indicator helps traders identify momentum shifts that often precede price movements. The visualization through histograms adds clarity to bullish and bearish volume momentum, enhancing decision-making in volatile markets. 4. POC-Price Momentum Indicator: Market Depth and Sentiment The POC-Price Momentum Indicator assesses the difference between the Point of Control (POC) and closing prices, providing insights into underlying market sentiment. Positive differences indicate a buildup of upward momentum, while negative differences suggest a bearish tilt. By calculating moving averages of these differences, the indicator highlights the strength and sustainability of ongoing trends, helping traders align their strategies with the broader market direction. Unified Rating for Confirming Market Direction The "Market Direction" indicator consolidates the outputs of these four sub-indicators into a single, aggregated sentiment score. This score helps traders confirm the prevailing market trend by weighing the combined insights from fractal analysis, volume momentum, price action, and POC dynamics. A positive score suggests a bullish market, while a negative score indicates bearish conditions. by mertenes32
Super Trend ReversalsMain Concept The core idea behind the Super Trend Reversals indicator is to assess the momentum of automated trading bots (often referred to as 'Supertrend bots') that enter the market during critical turning points. Specifically, the indicator is tuned to identify when the market is nearing bottoms or peaks, but just before it shifts direction based on the triggered Supertrend signals. This approach helps traders engage with the market right as the reversal momentum builds up, allowing for entry just as conditions become favorable and exit before momentum wanes. How It Works The Super Trend Reversals uses multiple Supertrend calculations, each with different period and multiplier settings, to form a comprehensive view of the trend. The total trend score from these calculations is then analyzed using the Relative Strength Index (RSI) and Exponential Moving Averages (EMA) to gauge the strength and sustainability of the trend. A key feature of this indicator is the isCurrentRangeSmaller() function, which evaluates if the current price range is lower than the average over the recent period. This function is critical as it helps determine the stability of the market environment, reducing the likelihood of entering or exiting trades based on erratic price movements that could lead to false signals. by mertenes34
Inverted head and shoulders pattern on 15mI'm spotting a Inverted head and shoulders pattern on 15m. Hopefully we should get a measured move to $54,900 and then possibly short from $55,500. We will see.by Bullzeyez3
BITCOIN SHORT TERMBTC is in a range before market opening and i think there is correction to higher level after this bearish trend,and next we will dump to low levelsShortby CryptoSeniorTrading1
BTCUSD 15 Min Bullish Btcusd goint to rocket move possible.... When mkt break round figur jone near then mkt go to rocket Longby Sandeepsingh552