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BTCUSDT trade ideas

Timelapse of BTC's Daily ActionBTC Daily Action Levels Annotations Highlight major support and resistance levels in the timelapse. Annotate key pivot points where the price action reversed or consolidated. Mark critical breakout and breakdown levels with arrows or boxes to emphasize their impact. "Timelapse of BTC's Daily Action 🎥📈" Post: "Watch BTC's daily price action unfold in this timelapse! 🚀 📍 Key levels annotated to showcase their significance. 🔍 Did the market respect these levels, or did it break away? Share your thoughts below! #BTC #Crypto #Trading"
by peteramner
Using Trendlines on ATR for Trading Strategy:Average True Range: Volatility Resistance: The ATR oscillating at a resistance line suggests that the market volatility has reached a point where it has been repeatedly unable to break through to higher levels. This can mean that despite attempts, the volatility hasn't sustained at higher levels, potentially indicating a stabilization or a ceiling on how volatile the market might get in the short term. Market Sentiment: This oscillation can also reflect a market where there's a tug-of-war between buyers and sellers, leading to a stabilization of price movement range. When volatility hits a resistance level, it might indicate that the market is preparing for a significant move or a breakout, or conversely, that it might revert back to lower volatility after some consolidation. Breakout Strategy: Signal for Breakout: If the ATR breaks above the resistance line where it has been oscillating, it could signal an upcoming increase in volatility, potentially leading to a significant price movement. Traders might consider this a signal to prepare for a breakout trade, either buying or selling depending on the price trend. Trade Entry: Following a breakout, traders could use this ATR trendline break as a cue to enter a trade in the direction of the breakout, expecting that increased volatility will lead to a more substantial price move. Stop Loss and Profit Taking: Stop Loss: The resistance line where ATR oscillates can be used to set dynamic stop losses. If the ATR moves above this line, indicating higher volatility, a trader might adjust their stop loss to be a multiple of the ATR away from the current price to account for the increased risk. Profit Targets: Similarly, profit targets can be set based on ATR levels. For instance, if the ATR is oscillating near resistance, traders might aim for a profit target that's one or two ATRs away from the entry point, anticipating where volatility might push the price. Trend Confirmation: Confirming Trends: ATR's behavior at resistance can confirm trends. If the price is trending upward but the ATR fails to move above its resistance, it might indicate that the trend lacks strong momentum or that a reversal could be on the horizon. Risk Management: Adjusting Position Size: High ATR levels near resistance could suggest increasing market noise, prompting traders to reduce position sizes or adjust their risk management strategies to account for potential whipsaws or false breakouts. Counter-Trend Strategy: Reversal Signals: If the ATR repeatedly fails to break through resistance, it might signal that the market is overstretched, potentially leading to a decrease in volatility or even a trend reversal. Traders could look for bearish signals if this happens in an uptrend or bullish if in a downtrend. Incorporating these strategies requires careful observation and should ideally be combined with other forms of technical analysis or indicators for confirmation. Remember, while ATR provides insights into volatility, it does not indicate the direction of price movement, so it should be part of a broader trading strategy.
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by stocktechbot
BTCUSDT - BEAUTIFUL TEXTBOOK CUP & HANDLE FORMATION🚀 Who's ready to go to the moon? 🌕 Grab your spacesuit, because CRYPTOCAP:BTC is gearing up for lift-off! Every spot-positioned person is currently in profit as BTC recently formed a double top at its all-time high. Now, let's talk formations. We've got a beautiful textbook cup & handle pattern taking shape on the weekly chart. The cup is already formed, showcasing a robust foundation for potential upward momentum. What we're waiting for now is the handle to complete this classic pattern. Patience is key here, as the handle formation might take a couple of months to materialize fully. But fear not, because once it does, we could be looking at a trajectory towards the $100k range by June 2024. So, buckle up and stay tuned as we prepare for what could be an exhilarating journey to new heights in the realm of cryptocurrency! 🌌 #BTC #ToTheMoon 🚀
by bitcoinbanny
4
EconOptic| Is BITCOIN heading towards 90K?4-Hour Timeframe Analysis The ascending channel has been broken to the downside, followed by a pullback to the lower boundary of the channel. This movement allows us to use the Fibonacci Extension tool, which identifies the 0.618 level as a potential target for this wave. Simultaneously, I have drawn a Fibonacci Retracement tool on the daily timeframe, starting from the first low before the beginning of the previous upward wave (before breaking the daily box) to the recent high. This tool highlights the 0.382 level, which could indicate strong bullish momentum if it turns out to be Bitcoin’s bottom. Alongside these two tools, we also have a support zone in the same area. Lastly, the 1:1 risk-to-reward target of the ascending channel aligns with this support zone and the levels identified by the Fibonacci tools. Together, these factors form a Potential Reversal Zone (PRZ). However, despite these indications, I will not base my entry solely on them, as they are probabilities and do not guarantee a reversal. Bitcoin may still be inclined to decline further. I will only consider entering a long position if I see confirmed price support, stabilization, and the initiation of a new upward momentum. All of these remain probabilities for now.
by EconOptic
1
16/12/24 Weekly outlookLast weeks high: $106,649.88 Last weeks low: $94,177.33 Midpoint: $100,413.61 A new ATH for BTC last week as we saw $106K for the first time, truly amazing price action since the Trump election win. NASDAQ:MSTR , IBIT and other massive institutions are continuing to buy with more companies having rumoured to add BTC to their balance sheet, demand is strong and does not seem to be going away as we go into the end of the quarter/year. This week we have many different data releases from the UK, US & ECB. Naturally volatility is expected around these events, it also makes traders a little tentative to enter into trades, I would say this is more accurate during bear markets/ choppy conditions. Right now we're in a strong Bullrun and therefor the momentum is less news data driven and more a race for institutional buying, It's a given at this point that we're in a period of rate cuts and so that is factored into price. Altcoins have seen a recent pullback despite BTC pushing higher, this is as a result of the BTC.D chart tanking when alts took the liquidity from BTC profits and so dominance did see a correction. This latest BTC move up while alts are down is just a continuation of BTC.D continuing its surge as it always does in the Bullrun before the true altseason where alts outpace BTC after a blow-off top. This week I'd like to see BTC come through data events unscathed with altcoins bouncing off the 4H 200EMAs and starting the next leg up going into year end.
by ProR35