USDTBTC 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 - Key Levels$102k remains to be the trouble zone or the local resistance.
We still have 200+ Bitcoin sell orders above
We sfp'd (3-taps) and now price tagged the first imbalance (singleprint)
Any rejection we get at 100.8k, then we'll likely deviates to 98.3k.
We will see if can get a clearance thrust toward 103.7k-104k for a potential short trade.
Key Levels:
Local resistance - 102k
Local support - 98k
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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"BTC/USDT Weekly: Cup and Handle Bullish Setup"The weekly BTC/USDT chart shows a bullish continuation pattern, specifically a cup and handle formation. This pattern suggests a potential bullish rally, with a significant move expected once the price breaks above the key resistance level.
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
BTC 1h updateSince 9 PM on December 11, the 1-hour chart shows an uptrend, with support levels forming at 99,587 and 100,309. A double-bar spring appears to be developing at the 100,309 support, with the first bar showing a notable volume spike and the second bar still forming. If this spring completes and confirms, the price could rise toward the next resistance level. After the spring, the 5-minute chart may offer a good entry point for a long position.
