BTC updateBTC - Target of 70K has been reached.
New target is set to 80.5K as the 1st reliable target. Sure on the way there we'll have some mid. targets (for instance 72.5 as imminent one)...
Good Luck!
BTCUSDT trade ideas
BTC/USDT.P UpdateI know you guys are excited about the bull action that finally came after a long wait, but this is where things can get volatile due to manipulation. Remember, if the price action is this obvious all the time, everyone would have been billionaires lol.
Always keep an eye behind you and play on both sides of the market is the best way to go. With that said, we actually did not have a daily candle close "above" the previous major swing high, that is also what I considered as the CHOCH for the bullish trend change. I would be very interested to see if we can give it another attempt today and finally close above that major swing level at 70078. If we close above it on the daily candle, I'll be more bullish, until then, I expect pull backs to grab more liquidity. If it does dump, I'll be ready to accumulate more into my long positions.
Trade safely guys! @Nate Alert
PS** congrats to all the wins from last night's stream, glad to see so many of you making money!
BTC TO 99K OR MORE?Its indeed UPTOBER, BTC Broke the Trend to the upside, I'm excited to see this progress and US Election is on the way. This will be the era of the Crypto Elections. Lets see how this unfolds.
Bitcoin, What's Next After "Almost" Hit ATH?After significant rally, Bitcoin price action recently approached its all-time high (ATH), signaling significant bullish sentiment. However, the price is now showing signs of potential retracement. Currently trading around the 72k USDT level, the price could either dip into a fair value gap (FVG) or descend further into the highlighted green box, where a trendline provides support.
This retracement would allow for consolidation and might attract new buyers, offering a more solid base for the next upward push. As the price potentially reaches the green box or bounces off the FVG, there could be an increase in bullish volume, pushing it toward resistance zones marked above. If the trend holds and the bulls regain control, Bitcoin could break through resistance, potentially pushing beyond 74,000 USDT to reach new highs.
In this scenario, this temporary pullback serves as a healthy correction within an ongoing bullish trend, building momentum for the next leg up in the journey toward breaking the ATH.
BTCUSDT.1DAnalyzing the BTC/USDT daily chart, I've identified several key elements that will guide my trading decisions moving forward.
Key Observations:
Trendlines: A rising support trendline (green) has been effectively holding since July, suggesting a strong upward momentum. The price has respected this trendline multiple times, reinforcing its significance.
Resistance Levels: The immediate resistance is highlighted at 'R1' ($72,357.85). This level previously acted as resistance in early October, making it a critical point to watch for potential price reversals or breakthroughs.
Support Levels: The nearest support, marked as 'S1' at $65,390.97, is crucial. If the price breaks below this level, it might test the next support at 'S2' ($59,138.45), which aligns with past pricing behaviors observed in September.
Technical Indicators:
Stochastic RSI: Currently in the middle range, suggesting neither overbought nor oversold conditions, providing no immediate directional bias from this indicator.
MACD: The MACD line below the signal line and the histogram fading suggest a potential loss of bullish momentum. It will be crucial to monitor this indicator for signs of a crossover that could indicate a change in trend direction.
Trading Strategy: Given the current chart patterns and indicators, my approach involves watching for a decisive breakout above 'R1'. Such a breakout could signify continued bullish momentum, potentially making a move toward the upper resistance level viable. On the flip side, a break below the current support at 'S1' would prompt me to consider a short position, targeting 'S2' as the next support zone.
Risk Management: Implementing stop-loss orders just below key support levels will be vital to protect against unexpected reversals. Similarly, taking profits near resistance levels can help lock in gains before potential pullbacks.
Conclusion: The market conditions for BTC indicate a bullish trend but approaching significant resistance. The near-term market behavior around 'R1' will be critical in determining if the uptrend will continue. Monitoring MACD and Stochastic RSI will provide further clues to possible shifts in momentum. Always, the execution of trades must align with sound risk management practices to navigate the volatility inherent in cryptocurrency markets effectively.
BTC Short Price hit a high of 73.8K (74K) on the recent breakout . Most traders had TP at this level.
Might be time for a pull back. Targeting the 50% fib level. Super long from there if it hits
ARE WE HEADED FOR ALL TIME HIGHS ? MY NEXT PLAYS Bitcoin has closed above a critical trendline. Why is this trendline significant? Because it has historically acted as strong support, repeatedly rebounding price. The question now is whether we'll see a retest before reaching all-time highs or if it will surge straight to new levels. Let’s watch how the price action unfolds.
For my next move, I’m looking for a retracement followed by a continuation setup.
For any of these plays, I want to see a flip in structure on the 10 - 15minute chart or higher before entering. Let’s be ready!
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BTC Short Trade Opportunity and SetupBYBIT:BTCUSDT.P / BYBIT:BTCUSDT / CRYPTO:BTCUSD Bitcoin/BTCUSD has recently hit the resistance level of a pattern that has generally held true since mid March 24 (4 preceding resistance and support confirmations).
Furthermore, it has started a return downward move following on from a 3 day filter for confirmation of the resistance level (an example of how a 3/5 day filter is an important tool for crypto trading).
Additionally:
The RSI resistance level of 70 has been recently reached and the RSI is trending downwards - a usually statistically significant indicator
The downward return move is supported by reasonable (although not enough on it's own) volume
A 3 bar pattern (downward move, pause, further downward move for confirmation)
A rate of change approaching and trending negative
A MACD also approaching negative
It's always important to assess the risk that might prove the thesis wrong. And they are:
Today's candlestick pattern is close to a dragonfly, i.e. there might be a return upwards move imminent (although this is unlikely to constitute a beginning of a move beyond the previous high as an actual dragonfly candlestick is at the end of a downtrend)
The MACD is trending down but has not actually turned negative yet, i.e. it is a bit early to say this indicator is stating a downward trend
The ROC hasn't turned negative yet either (but is trending downwards for sure)
This all leads to the following conclusion: For those with a high enough risk appetite (and usually crypto traders are those with the highest :-)) this is a good entry point for a short trade.
Using the (admittedly early but still reasonable) trend for the past three days to determine the final take profit point of 45500 (blue arrow) by approx. 19 Nov 24, the following can be set as a guide for a trade:
Entry: Now or latest tomorrow in case today's candlestick is an indicator of a minor move upwards
SL: $70,500
TP1: $63,450 - based on the first potential moving average being a resistance (200 MA)
TP2: $60,500 - based on the previous move's consistent (and twice confirmed) low
TP3: $54,500 -based on a previous historic low (i.e. psychologically important price point) which also acts as a confirmation of support to a previous move
TP4: $45,500 - The approximate price point of an estimated downward trend
Exit date (independent of TP level): 19 Nov 24
NOTE: the 19 Nov date here is important. It is the forecasted date by which the current downward price trend would linearly reach the support level. This date would be used as a checkpoint to exit the entire trade to safeguard against the normal, usually dramatic and beyond rational calculation price gyrations of crypto.
#BTCBTC in short term
Bitcoin will have to correct after a new ceiling. After this correction, a growth will begin, which I will publish more about its goals and direction in the future
How to avoid babysitting a trade. So many people are reactive to the market and feel that they need to watch price action whilst they have an open trade open
The best way around this is to work with the correct entry and correct forecast on how long you should leave the trade open for, as well as at which point in the Gann Tool the price will stop at
Doing it this way also achieves the well sort after risk reward ratio's of 1:2 and 1:3
Chart for Prro Traders: Weakly CRThello friends
According to the CRT method, in the weekly time frame of last week, it was able to hunt the peak of the previous week, so it is expected that the bottom of that week will be touched. good luck
btc down now Current market conditions indicate a potential downtrend for Bitcoin (BTC) against Tether (USDT). Key factors suggesting a short position include:
Technical Resistance Levels: BTC has recently encountered strong resistance at the $30,000 mark, with repeated failures to sustain upward momentum. This suggests the possibility of a reversal.
Overbought Indicators: Several technical indicators, such as the RSI (Relative Strength Index), are showing overbought conditions, indicating that a correction could be imminent.
Market Sentiment: Recent sentiment analysis reveals a growing bearish sentiment among retail investors, often a precursor to downward price movement.
Fundamental Factors: Potential regulatory concerns and macroeconomic conditions could impact market confidence negatively, further pressuring BTC prices.
Volume Trends: Decreasing trading volume during upward price movements points to weakening buyer interest, increasing the likelihood of a price pullback.
Given these factors, initiating a short position on BTC/USDT may align with current market trends, but it is essential to set stop-loss orders and manage risk appropriately.
BTC - 76K in the making?Hi, hope you are doing fine. To be honest its hard to tell, but price discovery can take us to 76K or even higher. I belive it will happen and Im holding my longs. Regards.
BTCUSDT long using proprietary multi-timeframe trend detectionBTC has maintained the H1 short term trend (13D EMA) throughout the tail end of the New York session, the entire Tokyo session and now the London session. For the coming hours it will be quite interesting to gauge wether we see a reclaim of 73000. This is a crucial psychological and once support is found there if reclaimed today, we'll likely find the spring to catapult us to a new all time high.
Entry: 72528
SL: 71666
TP: 77777
Short term I'd like to see the H4 close back above 73.4k for relative confidence that this leg is well underway. Will look to move the SL into BE when that happens.
BTC short term tradeit is very likely that BTC will down for a correction before a big bull run. you can follow my trading advice and don't forget to readjust your stop loss and manage your risk according to your portfolio.
Trade a correction or downtrendIt is not important to know for now is it a correction or down trend. We can trade this wave and wait and see.
Stoploss and target are illustrated but use your risk managements for the amount of money you will use.
Don't risk all of your wallet
Good luck
BAT patttern in BTC market to correctwe can see the bat pattern in BTC which can be reversal pattern.
I am targeting 62000 from here and massive correction in BTC.
Decrease in Volume.
69000 strong resistance.
Bearish Divergence in 4 hrs Time frams
ANALYSIS | Crypto by MARKET CAPAs of time of posting, according to a reliable website the top 10 cryptocurrencies by market cap are as follow:
1) Bitcoin / BYBIT:BTCUSDT
2) Ethereum / BINANCE:ETHUSDT
3) Tether / COINBASE:USDTUSD
4) Binance Coin / BINANCE:BNBUSDT
5) Solana / BINANCE:SOLUSDT
6) US Dollar Coin / KRAKEN:USDCUSD
7) XRP / BINANCE:XRPUSDT
8) Dogecoin / BINANCE:DOGEUSDT
9) Tron / BINANCE:TRXUSDT
10) Toncoin / OKX:TONUSDT
11) Cardano / BINANCE:ADAUSDT
12) Avalanche / BINANCE:AVAXUSDT
You can find and track this easily by searching "Cryptocurrencies by market cap" or something in that line.
On the charts you will see the king - Bitcoin, as well as TOTAL (total cryptocurrency market cap) which is currently at 2.28T, and at the bottom right TOTAL3 (total cryptocurrency market cap without BTC and ETH), currently at 6.19B.
It's important to note that BTC determines the general direction of the altcoin market, but Cryptocurrencies do not necessarily move together with traditional assets such as stocks. That's why it's important to determine the macro trend before trying to analyze any individual coin. This is especially true for crypto's with a higher market cap. As you begin to look at altcoins that have smaller or micro market caps, they tend to dump/pump unexpectedly without moving together with BTC.
You'll often notice that the top 5-8 alts have similar chart patterns to BTC. Although they do still move within their unique support/resistance zones, it's safe to say that when you see a H&S on Bitcoin, you'll probably see it on the large-cap coins as well. I will say this - it's not the case for XRP and ADA. (I'm surprised to see they still hold such high positions in the ranks and I have a hard time identifying the potential reason for this other than old bag-holders/cult following).
With this info, you can conclude to a range of different outcomes, including but not limited to:
🥠 Using crypto as a hedge against traditional assets
🥠Using microcaps as a hedge against BTC
🥠 Microcaps carry more risk
That all being said - trading is risky, and crypto particularly more so. Even hedging doesn't guarantee safety when it comes to crypto.
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BTC is going big today, few whales spotted lingering the market.More than 5-6 whales are lingering in the market waiting low volatility to open a position, my algo spotted god knows what these whales are planning, I bet something real big, my guessing is 79492 at 1.2 Billion liquidity or 80K movement. Be alert!
Are we going to the moon?68300 was a very good resistance, as you can see, it broke and pulled back after several reactions📈
Strong front range
We have to see how he reacts to it, if he reacts weakly, then we can resist
Let's open 69177 positions and accept the risk that there is a possibility of return because it is worth it
I recommend this for long position and other coins for short position
BTC.D is trending upwards
That's why the others COINS are better
And pay attention to this, what is the trend of the BTC
⚠️ Do capital management to survive ⚠️
HelenP. I Bitcoin will exit from pennant and then continue riseHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price traded below support 2, which coincided with the support zone and soon broke this level. Then price tried to grow more, but failed and dropped to the trend line, breaking support 2 one more time. After this movement, the price entered the pennant, where it made at once a strong impulse up, breaking support 2 again. Then price continued to move up and later reached support 1. Price some time traded near this level, then broke it and some time traded inside one more support zone. Next, BTC little grew and then dropped below 1st support level, breaking it again, but soon turned around and backed up to the support zone (68200 - 67700). After this, the price bounced down to the trend line, after which turned around and rebounded up to the resistance line of the pennant and now trying to exit from this pattern. So, in my mind, BTCUSDT will exit from the pennant, make a retest, and continue to move up. That's why I set my goal at 71000 points. If you like my analytics you may support me with your like/comment ❤️
Next move analysis in Bitcoin #bitcoinHello Trader's
Bitcoin Going To break up
So in evening there next analysis is comming..
What bitcoin going to fo next move...
BTC OTW TO NEW ATH!!BTC Finally Breaks Through After 228 Days! 🚀
After a long wait of 228 days, BTC has finally broken a key resistance level, launching an intense push that’s got its sights on breaking the all-time high! The market is looking incredibly bullish, and I firmly believe the momentum will stay strong over the next 70-90 days. My short-term target for this run is $74-75k. After reaching this level, I anticipate a retest of the previous resistance to confirm a flip into support. Once that’s in place, the next target is a major push towards $84k-91k!
Some correction may follow, but I’ll share more on that in my next update. For now, let's ride this bullish wave! 🌊💪
Disclaimer:
⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
