BTCUSDT trade ideas
500R BTC LongExpecting a move to $140k within 4 weeks once the all time high breaks.
High risk trade.
40R Trade Targeting $140kExpecting a continuation up in BTC.
This is a 40R trade.
About 30% chance of success.
5R Bitcoin ShortI'm expecting a flush to take out the liquidity building up over the past few days.
This target seems reasonable.
Medium risk trade.
3R Short TradeI am expecting at least a small sell-off as it has just fallen shy of the $100k psychological level which could easily drive a panic selling cascade.
BTC daily update #btc has a good demand zone which has an overlap of 2 demands once is for volume profile and the other is for fibo demand this overlap zone is between 78K and 84K
BTCUSDT#btc failing to create a new alt, seeing a potential reversal pin forming on the daily and a reversal happening on the 4hr tf as well, if this reversal is confirmed, we would see #btc dip all the way down to 86k.
Need to check support near the new high point
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It seems that funds have flowed into the coin market through USDT and USDC.
(BTC.D 1D chart)
The point to watch is whether it can meet resistance near the MS-Signal indicator and fall below 55.01.
If BTC dominance rises, it means that funds are concentrated on BTC, so altcoins are likely to show a downward trend.
However, you cannot predict the rise and fall of BTC prices based on the rise or fall of BTC dominance.
(USDT.D 1D chart)
The movement of USDT dominance can be used to roughly estimate the overall trend of the coin market.
Therefore, if USDT dominance falls, the coin market is likely to show an upward trend, and if it rises, it is likely to show a downward trend.
Therefore, the movement of prices can be identified by the movement of USDT dominance.
Therefore, you can roughly estimate the movement of funds with BTC dominance and the trend with USDT dominance.
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(BTCUSDT 1D chart)
Although the StochRSI indicator has fallen below 50, the price of BTC is actually showing an upward trend.
Accordingly, it is necessary to check whether the StochRSI indicator turns upward again and whether it turns into a state where StochRSI > StochRSI EMA.
It is currently showing an upward trend near 101109.59, which is the BW(100) indicator point.
Accordingly, whether there is support near 101109.59 is the key.
If the StochRSI indicator fails to turn into a state where StochRSI > StochRSI EMA and shows a downward trend, it is expected to fall again to the 95904.28-98892.0 range.
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Therefore, what we should consider important in the current movement is whether we can reset the StochRSI indicator on the 1W chart while maintaining the price around the newly formed high point range of 97821.58-101109.58 until around December 27th.
Based on the high point range of 97821.58-101109.58, this means that 101109.58 or higher is the high point.
Therefore, it is better to interpret the high point range as a high point boundary range.
Therefore, if it rises above the high point range and then falls below the high point range, it is highly likely that it will lead to an additional decline, and we should consider countermeasures for this.
When the decline begins, the downtrend will stop as it finally creates a low point range (low point boundary range).
That is, when it meets the HA-Low indicator and BW(0) indicator, it will create a low point section.
If it creates a low point section and then creates a bottom section, an upward trend will begin.
If we organize this movement,
1. It rises in the section composed of the HA-Low, BW(0) indicator and most of the movement appears within the section composed of the HA-High, BW(100) indicator.
That is, the HA-Low, BW(0) section ~ HA-High, BW(100) section forms a sideways, box section.
2. If it falls in the section composed of the HA-Low, BW(0) indicator, it is highly likely to create a downward wave and show a stepwise downward trend.
However, since this step-down trend will eventually play a role in creating a bottom section, if the HA-Low, BW(0) indicators show a rise higher than the previous HA-Low, BW(0) indicators, it can be interpreted that there is a high possibility that a bottom section will be formed at that time.
3. If it rises in the section composed of the HA-High, BW(100) indicators, it is highly likely that it will create an upward wave and show a step-up trend.
Therefore, it is recommended to set a stop loss point when trading because there is a high possibility that it will turn into a downtrend when it falls above the section composed of the HA-High, BW(100) indicators.
However, it is necessary to check the correlation with the M-Signal indicator on the 1M, 1W, and 1D charts.
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Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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What to expect from the bigger pictureIt's been quite a while that I am following bitcoin's chart since my last analyses. Back in 2022, I surmised that 16k is the bottom and later on proposed that if bitcoin breaks the 37-42 level with a decent volume, very good things can happen. (I attach all the analyses to this post)
We have watched BTC's volatility in the past year, breaking 69k, though not quite easily with the world war speculations and the grand scheme of economic and sociopolitical circumstances.
Anyway, BTC now is worth 101k, a value perhaps nobody dreamed of a decade ago. We still have the war speculations and the situation in the middle east is grave indeed. But the good news which can outweigh the bad situations is the post-halving volatility and optimism as well as the US investments, and possibly later on the European and Chinese investments.
Currently, 100k can be a tough challenge, both psychologically and in terms of PnL analytics that big investors might be considering. Yet it can be broken easier than we expect, hitting around 120k according to the dynamic trendline and later on parabolically hitting a target as high as 150k-180k.
We also have a CME gap in 75k-78k area that might be filled before this upward movement, though I surmise this gap will be filled in the next bear market, where bitcoin can revisit the 50k-70k area for its bottom. But a crash to 75k is not at all impossible, something that I personally see as a very valuable opportunity.
Stay safe
#no_investment_advice
#DYOR
Using LRC and EMA as support and resistance levels in BTC-USDTLeast Regression Curves (LRC) and the Exponential Moving Average (EMA), both set to a 50-period, provide reliable dynamic support and resistance levels.
In this 15-minute chart, the current LRC and EMA levels from the 1-hour and 4-hour timeframes are plotted as key levels. When the price is below these levels, they act as resistance, and when it is above, they serve as support.
At present, the price is attempting to break through the 1-hour LRC level, which is likely to act as a resistance. The price may either break through this level or lose momentum, potentially leading to a bearish divergence.
Additionally, there is strong support between the 98,600 and 98,900 levels, where the 4-hour LRC and the 1-hour EMA overlap. Notably, the 4-hour LRC level previously acted as a significant resistance, further highlighting its importance as a potential support zone.
BTC swing thesis by Titan_KarmaPrediction( investment_thesis='**News Analysis:** Currently, there is no significant news impacting the BTCUSDT pair. This lack of news suggests that the market may be driven more by technical factors and existing sentiment rather than new developments. Traders should remain vigilant for any emerging news that could influence market dynamics. **Market Sentiment Analysis:** The market sentiment for BTCUSDT is mixed, with a slight bullish inclination. The increase in long positions, particularly in the 4-hour and daily timeframes, indicates a growing confidence among traders. However, the high price level and significant trading volume suggest that the market is actively engaged, which could lead to increased volatility. Traders should be prepared for potential rapid price movements and adjust their strategies accordingly. **Technical Analysis:** The technical indicators present a mixed picture. The RSI is approaching overbought levels, and the Stochastic Oscillator indicates overbought conditions, especially in shorter timeframes. The MACD shows bearish momentum in the 1d and 1h timeframes but bullish momentum in the 4h timeframe, suggesting potential short-term volatility. The ADX indicates a strong trend in the 1d timeframe, but weaker in the 4h timeframe. The price is near the upper Bollinger Band in the 1h timeframe, indicating potential resistance. Overall, while the long-term trend is bullish, caution is advised due to short-term overbought conditions and potential resistance levels. **Fundamental Analysis:** The fundamental outlook remains positive, with a strong upward trend observed over the past few months. However, the recent consolidation around the $101,000 level suggests potential resistance. Without new fundamental developments, the market may continue to rely on technical indicators and existing sentiment to guide price movements. **Risk Management Strategy:** Given the mixed technical signals and potential for short-term volatility, a cautious approach is recommended. Set a stop-loss slightly below the recent support level to protect against downside risks. Consider taking profits if the price approaches the resistance levels, especially if overbought conditions persist. For new entries, wait for a confirmed breakout above resistance or a pullback to support for a better risk-reward ratio. **CONFIDENCE_LEVEL:** 72% The confidence level reflects the mixed technical signals and the absence of significant news, indicating a moderate-risk trade. ##**TRADE RECOMMENDATION** ```json { "OUTCOME": "HOLD_BUY", "STOP_LOSS": "$99,500.00", "TAKE_PROFIT": "$105,000.00", "CONFIDENCE_LEVEL": "72%", "EXIT_POINT": "$104,000.00", "ENTRY_CRITERIA": { "TIMEFRAME": "4h", "RSI": "below 70", "MACD": "above 0, 4h", "ATR": "0.005, 4h" }, "CURRENT_OPEN_LONG_POSITIONS": 1, "CURRENT_OPEN_SHORT_POSITIONS": 0, "OPEN_POSITION": "$101,836.11" } ```' )
Bitcoin Market Trend Analysis (BTC/USDT) – Updated TradingOverview of the Current Bitcoin Market Trend
In December 2024, the Bitcoin (BTC/USDT) market continues to show a strong bullish trend, with the price moving within an ascending channel. However, Bitcoin is currently facing key resistance levels, which could lead to one of two scenarios: a continued breakout or a correction to test support levels. In this article, we will analyze the Bitcoin market trend in detail and provide effective trading strategies.
Bitcoin BINANCE:BTCUSD Market Overview for December 2024
The Bitcoin (BTC/USDT) chart shows the price moving within an ascending channel, with a trendline support below and resistance above. Currently, the price is approaching the significant resistance zone around 104,000 USD to 106,000 USD. These levels have acted as strong resistance in the past. Will Bitcoin break through these levels and continue its upward trend, or will it face a pullback? Let’s find out.
Analysis of Resistance and Support Levels
Strong Resistance at the 104,000 USD - 106,000 USD Zone
Main Resistance: Bitcoin is nearing the 104,000 USD - 106,000 USD range, which is a key resistance area. If Bitcoin successfully breaks through this zone and stays above the resistance, the price could continue to rise. However, if the price fails to break above and shows rejection, it may consolidate or retrace.
Strong Support at the 100,000 USD Level
Main Support: The 100,000 USD level is not only an important support but also a psychological round number for investors. This is a level where Bitcoin could recover if the market experiences a pullback. If the price dips to this level and begins to bounce back, it may create a buy opportunity aligned with the uptrend.
Bitcoin Trading Strategies
Breakout Strategy
Entry Condition: If Bitcoin BITSTAMP:BTCUSD breaks above the 104,000 USD - 106,000 USD resistance zone with high trading volume, consider entering a long position. Pay attention to the strong upward momentum in volume to confirm the breakout.
Profit Target: The profit target could be 110,000 USD or higher if the trend continues.
Stop Loss: Place the stop loss below the nearest support level, such as 100,000 USD or 99,000 USD, to protect the position if the price fails to maintain the uptrend.
Buy on Dip Strategy
Entry Condition: If the price pulls back to the 100,000 USD level or the support of the channel, you can enter a buy position. Confirm the bounce with increasing volume and a recovery candlestick pattern.
Profit Target: Take profit at 104,000 USD or higher if the uptrend continues.
Stop Loss: Place the stop loss below 100,000 USD or below the channel’s support to safeguard the position.
Short Strategy
Entry Condition: If Bitcoin fails to break through 106,000 USD and shows signs of rejection (e.g., reversal candlestick patterns, decreasing volume), you may consider opening a short position. This is especially true if volume does not increase when the price approaches resistance.
Profit Target: Take profit at the 100,000 USD level or below the channel’s support.
Stop Loss: Place the stop loss above 106,500 USD to protect the position if the price continues higher.
Volume Analysis
Volume is an important factor for confirming technical signals. A strong increase in volume as the price approaches resistance levels could signal a breakout. However, if volume decreases when the price reaches these levels, it may indicate a lack of buying interest, and the market could experience a pullback.
