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BTCUST trade ideas

Important Levels Defined on the 4H ChartWhat you see in this chart is 2 resistance levels that are acting as support now. For this bull run to continue price needs to hold above the blue support level. It is also possible for the price to pull back to the red support level, but I would say it is improbable given the two 4H candle printed on the newly established blue support level. This chart also is showing you how previous support levels have morphed into support levels. As long as price stays above the blue support level I would lean toward bullish continuation. Breaking below red support would shake me out and scare me a little. In conclusion, watch out for these levels.
by Se7enSkies
1
HelenP. I Bitcoin will break trend line and fall to support zoneHi folks today I'm prepared for you Bitcoin analytics. If we look at the cart we can see how the price fell firstly to support 2, which coincided with the support zone, and then at once rebounded up. After BTC rose a little, it turned around and fell to the trend line, and then started to grow, making a fake breakout of support 2. Later, BTC in a short time rose to support 1, which coincided with the support zone and even entered to this area, but soon turned around and dropped to the trend line. Soon, the price broke this line and then started to grow below the trend line, until it reached support 1, after which BTC rebounded down again. After the price made a correction, it turned around and quickly rose to support 1, broke this level, and continued to grow to the trend line. When the price reached this line, it broke it and then rose a little higher, but recently turned around and fell to this line. Now, the price is growing near the trend line and I expect that BTCUSDT will rise a little and then drop to the support area, breaking the trend line. That's why I set my goal at 69300 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
6
LAST BITCOIN UPDATE BEFORE ITS FINAL MOVEA beautiful trap is being created to seek to liquidate those who are already entering long believing that from there they will break maximums, you who follow my analysis already know that that is not going to happen, I set a deadline for massive liquidations on the day 05/11. Don't get ahead of yourself, we have a pending gap that will be filled in the next few days or hours. As I always say, do not leave orders in place, leave alarms and wait for the zone. There is always a fuse that goes further below the objective, maximum leverage (15x).
Long
by CriptoSolutions
1
BTC TO THE MOONGood week 😊 Bitcoin and other indices continue their bullish and positive trend, driven by a wave of good news that pushes the chart upward and leaves sellers behind. From a technical perspective, there’s an interesting phenomenon: after each rise of over 10% in the chart, there’s a "correction" of about 6%, which is currently being reflected. At this moment, I see an accurate halt in buying power and a shift in momentum as we test critical levels. Of course, if we drop below 68,400, we all know what will happen, and the way "down" will be clear. However, for now, I believe the correction is ending, and from here, we’re likely to see strong growth—possibly even reaching 75,000 this week—especially considering that there’s over $800 million in liquidations around the 74,000 mark. From a fundamental perspective: This looks to be one of the most interesting weeks to trade in the near future, with several key events: U.S. Elections Purchasing Managers' Index (Services) ISM Index Crude Oil Inventory (moving with the broader market) Initial Jobless Claims Interest Rate Decision! (after Powell’s hint at a potential rate cut in the upcoming decision) Statements and press conferences to follow. And, of course, let’s not forget that we’re in the peak of the quarterly earnings season, which certainly has an impact on the market. Wishing everyone a blessed, green, and strong week!
Long
by FineMei
Bitcoin Monthly: Full Chart AnalysisGood evening my fellow trader, I am hoping you are having a wonderful day. We have a tricky situation here with the monthly Bitcoin chart, I shall read it in full for you. The tricky situation is that the chart gives certain messages, it can be translated in different ways but there is always my own bias that I developed through looking not only at Bitcoin but also the Altcoins market. When I am reading and translating the chart this can change the meaning of certain chart signals. The signals are always one and accurate, the data is indisputable but it can be interpreted in many ways. In order to avoid clouding what the chart is saying with my own thinking, I will divide this analysis in two portions. The first one will be an unbiased look at the chart signals based on technical analysis and how it is used in the conventional way, and the second one will be my interpretation of the chart based on experience and taking into consideration marketwide action and sentiment and data that is not available on this chart. Technical analysis can be used to make predictions, just as it can be used to time trades, and these two are quite different approaches. Trading would be very easy because it would be based on resistance and support levels, the predictions part can be complex because the signals are mixed. For example, a double-top or resistance being challenged? A rejection below the last ATH or Bitcoin moving towards a new ATH and higher prices? This is what we are about to get into and I hope you enjoy the content. ➖ Bitcoin Monthly Chart Signals (Technical Analysis) This month BTCUSDT is closing green and it is the first time Bitcoin closes two consecutive months green since it peaked in March. Before this month, we saw an alternating pattern of one month red and another green. This is one of the lowest volume month of the year and this month produced the lowest volume from many months in previous years. This month produced almost the lowest volume ever. Only a few months in several years have less volume than this one. The current monthly session is producing a double-top pattern. The month closed below March's 2024 wick high and session close. In March, the monthly RSI closed at 76. In October, very close to the same price, the RSI closed at 66. (There is an interesting signal with the weekly RSI; in March it closed at 88 when it peaked but currently the RSI reads 59.90; a very strong bearish divergence.) The MACD is pretty standard for a rise with a curve starting to develop and a dropping histogram since March 2024. (The weekly MACD is showing a strong bullish cross.) October produced a neutral candlestick pattern. ➖ Bitcoin: Bullish Or Bearish? (Interpreting The Signals) The double-top pattern is a reversal signal. Ultra-low volume is bearish. It can happen that trading volume is still low because the real action is yet to start. But so far it is a sign of weakness. Bitcoin is moving up and growing but many Altcoins are not doing the same. The bull flag as a continuation pattern is no longer present on the chart, so, what to expect next? Bitcoin's chart is mixed as usual and it is extremely hard to predict the next move. This is normal and we shouldn't expect for it to be easy because many people are looking at Bitcoin and it becomes complex to know what happens next; but the market is one, we have the Altcoins and the smaller Altcoins can easily move ahead, and this is happening now. When Bitcoin stops and consolidates, goes sideways and we enter a doubt zone, we can always look at the Altcoins to know how the next move will develop. In the last three months, when Bitcoin would stop and hit resistance, the Altcoins were growing massively, 200-300%. When the Altcoins are growing, this is a bullish sign for Bitcoin. But if Bitcoin stops growing and enter a doubt zone, will it break down or up? We look at the Altcoins and see them all crashing and we know that Bitcoin is set to move down because the market is one. The same pattern that is happening now already happened in 2021. Most of the Altcoins market peaked in April/May 2021. Bitcoin went on to produce a higher high in November 2021. All the Altcoins produced a lower high and this signaled that Bitcoin was only producing this higher high as part of an irregular correction. And this irregular correction ended as a higher high rather than a lower high because of inflation. Since the money supply expanded considerably during Covid, the money gets devalued and when the expected lower high should happen it ends as a higher high, but if you adjust the chart for inflation or look at it through an oscillator such as the MACD or RSI you can see the truth. Present day, Bitcoin is hitting a new All-Time High basically, and Ethereum and the rest of the giants are trading so low that it is hard to understand. This is happening because only a portion of the players are participating in this wave. For the market to grow and produce a new bullish cycle with a major bull-run at the end, all the players need to be involved, this is not happening now, and this is reflected with most of the market being depressed and staying behind while Bitcoin grows. Conclusion: Bitcoin is like to enter a correction before hitting a new major high. A new major high would be the next Fib. extension level around 102,000. For this level to hit, we are likely to experience a correction first and this correction can be something surprising for most participants. Just as the market grows beyond expectations when bullish, it does the same when bearish. Just as it removes all barriers and shoots extremely high up, when correction times come, it will go deeper enough to liquidate 95% of all longs. Thanks a lot for your support. Namaste.
Short
by AlanSantana
16
Alikze »» BTC | Ascending channel🔍 Technical analysis: Selling pressure at the ceiling of the ascending channel and the supply area According to the analysis presented in the 8-hour time frame, Bitcoin is moving in an upward channel. - In the predicted movement path of the previous post, after a temporary correction to the green box range, Bitcoin managed to continue its growth to the ceiling of the ascending channel and the supply area. - At present, sales pressure has been faced in the area of ​​the channel roof and the supply area. 💎Therefore, it can have a correction to the green box area with a pullback to the supply area or the middle of the second ascending channel. 💹 The support and demand area ranges from $64,062 to $65,625. ⚠️In addition, if it can break the supply zone, it can retest the previous major ceiling.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« MEXC:BTCUSDT
Short
by alikze
BTC - Ranges overview We've gotten some interesting pa on BTC since our last post so let's see how we play from here. We've taken out some buyside liquidity around 73K and we've attempted to create new all time highs. BTC is yet to hit 74K and eventually price higher towards 75K and 80K. As long as we respect the FVG (yellow box) expect us to trade between 70K-73K. IF we fail to hold the current highs expect some retracement towards 70K. IF we hold the current levels and break above the FVG expect us to aggressively trade towards new all time highs. No need to front run the market or over-leverage your positions. WAIT FOR THE MARKET TO SHOW YOU ITS HAND AND TRADE WITH THE MARKET. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
by Patrick2707
BTCUSDT Bitcoin is currently trading around $69,754 on a 4-hour chart, showing signs of consolidation within a sideways range between approximately $68,649 and $70,080. After a recent rally, the price seems to be stabilizing as it tests its moving averages. Key Observations: Consolidation Zone: Bitcoin is moving within a purple box range, suggesting indecision in the market as traders await the next direction. Moving Average Support: The 50-period (yellow) and 20-period (gray) moving averages provide dynamic support levels. A break below these could indicate increased bearish momentum. Potential Breakdown: If Bitcoin fails to sustain its position within this range, there’s a likelihood of a downward move targeting the next major support at $66,100.
by Sanhara
$BTC - Deviation or Continuation?Bitcoin retraces to the previous value area. On the daily chart, price deviated above our VWAP and is now retesting its upper band. Currently, price is retesting the previous range high. If this level holds, a complacency bounce is likely. Immediate resistance to break is around 70.7k ( pdPOC) . A rejection at this level could drive price down to 68k (pwVAH) and potentially further to 66.4k (pwVAL) , sweeping through imbalances (single print/poor low) .
by Tealstreet
NEW IDEA FOR BTC Uncertainty in the US presidential election causes Bitcoin to fall By examining the trend in the one-hour time frame, Bitcoin is fluctuating in a descending channel, and now there is a possibility of a price decrease due to the placement of the rate below the moving averages of the ALLIGATOR indicator. In general, this scenario is reinforced that Bitcoin can decline to the support of the bottom of the channel in the range of 68067, provided that it maintains and does not record any one-hour close candle time above the resistance range of 70,558-70,236.
Short
by arongroups
1
BTC - Thesis Now- SHORT!Overview This report outlines an intraday scalping strategy for Bitcoin (BTC) over the next 4 hours, leveraging short-term price movements. The analysis is updated every 25 minutes to allow for dynamic adjustments, optimizing potential profits and minimizing losses. The strategy is neutral, exploring both long and short positions based on current market conditions. Data Analysis Open Interest: Monitoring open interest at intervals of 1m, 5m, and 8h to gauge market participation and potential liquidity traps. Weighted Funding Rate: Analyzing funding rates to understand trader sentiment and potential funding costs. Liquidation Data: Identifying potential liquidation points to anticipate abrupt price movements exploitable in scalping. 2. CoinMarketCap Data Volume Analysis: Assessing trading volumes over 1m, 5m, 8h, and 24h intervals to determine liquidity and market activity levels. Circulating Supply: Observing changes in circulating supply that may affect price dynamics. Liquidity Score: Evaluating the liquidity score to understand the ease of entering and exiting positions. Candlestick Patterns: Identifying significant patterns that may signal upcoming price movements. Market Capitalization: Considering market cap for broader market context. 3. Sentiment Market Sentiment Analysis: Utilizing sentiment analysis to gauge top crypto sentiments, aiding in anticipating potential market shifts. 4. Sentiment News and Social Media Sentiment: Monitoring the latest news and social media trends to understand broader market mood and potential impacts on BTC's price. 5. Binance Data via TradingView Volatility Index: Assessing to determine the market's suitability for scalping strategies. Order Book Dynamics: Analyzing depth to identify significant buy or sell walls. Price Action Signals: Observing price action and candlestick patterns for potential breakouts or reversals. Momentum Indicators: Using RSI, MACD, Stochastic Oscillator, and Momentum to gauge the strength and direction of price trends. Technical Analysis Relative Strength Index (RSI): Currently below 40, indicating potential oversold conditions. Moving Average Convergence Divergence (MACD): Showing a bearish crossover, suggesting downward momentum. Moving Averages: Price is below key moving averages, reinforcing bearish sentiment in the short term. Average True Range (ATR): Rising ATR indicates increasing market volatility, suitable for scalping but requires careful entry timing. Bollinger Bands: Price breaking below the lower band, signaling potential continuation of the downtrend or an oversold bounce. Stochastic Oscillator: Entering the oversold region, which may precede a short-term bounce but also confirm the current downtrend. Volatility Analysis Increased Volatility: Ideal for scalping but necessitates vigilant monitoring to avoid sudden adverse price movements. Bollinger Bands Expansion: Confirms heightened volatility. Order Book Dynamics Sell Walls: Significant sell walls detected, possibly indicating strong resistance levels and potential for price declines. Buy Walls: Less pronounced, suggesting weaker support levels in the current market context. Price Action Signals Bearish Candlestick Patterns: Observed patterns like bearish engulfing suggest potential further downside. Breakouts and Reversals: Monitoring for any signs of trend reversals to adjust strategy accordingly. Momentum Indicators Negative Momentum: Supports the bearish outlook, aligning with other technical indicators. Convergence of Indicators: Multiple indicators pointing toward a short position increase confidence in the trade setup. Market Sentiment Mixed Sentiments: News and social media show mixed feelings, but prevailing negative sentiments could exert additional downward pressure on BTC's price. Sentiment Shifts: Keeping an eye on any sudden changes that could impact price movements. Trade Recommendation Outcome: OPEN_SHORT Confidence Level: 85% Current Price: $69,400.61 Stop Loss: $70,500 Take Profit: $67,500 Exit Point: $68,000 Entry Signal Criteria Timeframe: 15-minute charts. RSI: Below 40. MACD: Bearish crossover confirmed. ATR: Rising, indicating increasing volatility. Bollinger Bands: Price breaking below the lower band. Stochastic Oscillator: Entering oversold region. Important Considerations Alignment of Indicators: Only enter OPEN_SHORT positions when all enhanced indicators align to signal a strong entry point. Risk Management: Avoid entries during high-risk periods, such as significant news releases or market anomalies. Continuous Monitoring: Vigilantly monitor the market for sudden changes and adjust the strategy to prevent losses due to unexpected price movements. Current Open Positions Open LONG Positions: 0 Open SHORT Positions: 0
Short
by titankarma
1
BTC LONG 2HR TP:73000+ 01-11-2024 I have published a comprehensive analysis on a 2-hour timeframe, setting an ambitious target price of 73,000. This level presents an interesting opportunity for traders looking to capitalize on market movements. It’s crucial to stay vigilant and monitor market fluctuations and potential signals that could influence this trade. Always remember to manage your risk effectively to protect your capital. Wishing you all the best in this trade, and let’s hope to see positive developments in the coming hours! #Trading #Bitcoin
Long
by ReyDragon21
14
November, Scenarios In the October issue of Scenarios , we introduced two bullish scenarios — “Triangle” and “Diagonal” — which differed in the depth of their corrective moves. Ultimately, the first scenario prevailed. Today, we see a similar setup: two bullish scenarios once again, each varying in terms of potential correction depth. To the right, the October “Triangle” suggests that either the initial growth impulse has concluded, or — in a highly favorable case — an upward extension is developing. To the left is the scenario of a completed Diagonal, though a different type than in October, originating from the 52,550 mark. This scenario anticipates a deeper correction, potentially below 59K, before growth resumes. Currently, several market factors could favor a corrective scenario. The BTC Fear and Greed Index has dipped slightly to 75 points; however, this is still a high level, signaling the need for correction. Additionally, sell-offs have commenced in the U.S. market, as anticipated in our “November Surprise” idea . Iran has vowed to strike Israel before the U.S. elections. Meanwhile, despite high approval ratings, Trump might face barriers to re-election, which could trigger an immediate price pullback.
Short
by Nickonomics
1
BTC Swing LongPotential for a Strong Bullish Move 📈 BINANCE:BTCUSDT Based on current price action, I believe we may be heading into a significant bullish leg. Here’s why: Bullish Arguments: Previous Month Low (PML) is being disregarded. Previous Month High (PMH) is being disregarded. Previous Week Low (PWL) is being disregarded. Previous Day Low (PDL) is being disregarded. 4H swing high is being ignored. 4H swing low is being disregarded. The only bearish point to note: Previous Week High (PWH) is still respected. Trade Management: Once we hit the first Equal High (EQH) around 68K, I’ll move my Stop Loss to Break Even (BE) and manage the trade towards the final target.
Long
by Jaytradermb
2