BTC Short Term: Touching the breakout pointTrade Suggestion: In case of bullish breakout above the trendline above $63,206, enter trade with the target $66,017 or higher. If the price is rejected from this resistance level, enter on rejection around $63,206, target $58,820 or lower. by mn_manshaPublished 4
BTCUSD ShortHello Traders, We are taking short BTC 63000 for TP 55000 as per harmonic pattern holding period 10 days. You can adjust your SL as per today's high or as per your risk. Thanks, MintersShortby mintersPublished 2
BTCUSD IDEAThis is noteworthy because it eases the immediate selling pressure on BTC. China officially unveiled a fiscal stimulus package aimed at revitalizing the economy. The package is aimed at low-income households, as well as supporting real estate markets and replenishing the capital of state-owned banks. Mt. Gox moved its debt maturity date to October 31, 2025. Previously, this deadline was set to expire on October 31, 2024. According to the official notification Resistance levels: 63400, 64784 Support levels: 61320, 59000, 57633 The price is testing the resistance zone as part of the rally. There is no accumulation or technical potential to overcome this area for further growth. Within the bearish trend, the buyer does not show dominant signs and with high probability it will be stopped in the key zone. A reversal and decline to the lower zone of the sideways range is possible...by FOREXRSMVPublished 1
Bitcoin TechnicalsI am by no means a financial advisor but from my observation bitcoin will do one more retracement before making new highs.Shortby andrewthesagePublished 113
BTCUSD possible buy setupBTCUS$ (Bitcoin) Possible buy setup (before) Checklist: -bos (bullish) -UNMITIGATED order block (demand zone) - Liquidity ( AMEX:EQL $) equal lows - trend is BULLISH until next supply zone R:R=1:3.5+Longby ZIPHO67Published 5
BTCUSD - Still in a Bullish TrendBTCUSD is still in a bullish trend as the price remains on top of Kumo. The price is developing ABC patterns and moving above Kumo. Entry during retracement is a good idea to have more profits.Longby AdamIdris2Published 2
A clear bullish sign on BTC..There seems to be falling wedge pattern on the 1h chart which indicated buying pressure. However if we looses this zone it would crash down to a highest demanded zone period marked on the chart. But for the good, there are visible gaps in the chart which higher possibility of covering them to the upside.. Longby manoc123Updated 4
Bitcoin keeps creating more bullish patterns..As you can see, there's a huge falling wedge being formed. Could be a clear sign of continuation in bullish sentiment. However, there are gaps that needed to be filled right away in the 4h chart and as well as 1d. So if that to happen, we would see bitcoin once again at $58K range. Longby manoc123Published 2
Let BTC Cook...I estimate this bullrun ath to be around aug/sep 2025 Hold for great life changing rewardsLongby ParhamTradesPublished 3
The Rookie Mistake of Timeframe Mismanagement: Avoid This!As a full time forex trader, Iโve seen my fair share of both triumphs and missteps. One of the most common pitfalls that can plague even the most seasoned investors is the rookie mistake of managing trades across different timeframes. It may seem innocuous at first, but failing to align your analysis can lead to confusion, frustration, and ultimately, poor trading decisions. Understanding the Timeframe Disconnect In the world of trading, charts come in all shapes and sizes. Whether youโre examining a daily chart to gauge the overall trend or an hourly chart to refine your entry and exit points, the timeframes you choose can significantly influence your trading strategy. The mistake often arises when traders analyze a longer timeframe, such as the daily chart, to identify a potential trade setup, only to switch to a shorter timeframe like the hourly chart to manage their positions. This inconsistency can lead to conflicting signals and erratic decision-making. The Daily Chart: A Macro Perspective The daily chart serves as a vital tool for understanding the broader market context. It reveals trends, support and resistance levels, and overall momentum. By focusing on the daily chart, you can identify high-probability setups and determine the prevailing sentiment. For example, if you notice a bullish trend on the daily chart, you might decide to enter a long position based on a breakout or a pullback. The Hourly Chart: A Micro Perspective On the other hand, the hourly chart provides a more granular view of price action. It helps traders refine their entry and exit points, offering insights into shorter-term fluctuations and volatility. While the hourly chart can help you capitalize on intraday movements, it can also introduce noise and lead to a focus on minor price changes that may not matter in the broader context. The Mistake: Conflicting Signals The rookie mistake occurs when traders attempt to manage their daily chart positions by referencing hourly charts without considering the potential for conflicting signals. For instance, imagine you spot a bullish setup on the daily chart, indicating a solid entry point. However, as you switch to the hourly chart, you notice some bearish price actionโa couple of lower highs and lower lowsโwhich may prompt you to second-guess your original thesis. This disconnect can lead to unnecessary anxiety and erratic trading decisions. You might find yourself prematurely exiting a position or missing out on an opportunity because the hourly chart paints a picture that doesnโt align with your higher-timeframe analysis. The Impact on Performance In my early days as a trader, I fell victim to this very mistake. I would analyze a promising setup on the daily chart, only to find myself second-guessing my decision based on hourly price fluctuations. This led to whipsaw trades and emotional exits, ultimately impacting my profitability. The emotional toll of constantly reacting to the noise of shorter timeframes can be detrimental. Instead of executing a well-thought-out plan, you may find yourself making impulsive decisions driven by fear or frustration. Solutions: Aligning Timeframes To avoid falling into the trap of conflicting signals, itโs essential to align your timeframes and establish a coherent trading strategy. Here are a few key strategies to consider: Top-Down Analysis: Always start with a higher timeframe to set the context. Use the daily chart to determine the trend and potential trade setups, then drill down to the hourly chart for precise entry and exit points. Avoid Overreacting to Noise: Understand that shorter timeframes can introduce volatility that may not reflect the overall trend. Stick to your original analysis unless thereโs a compelling reason to change your viewpoint. Set Clear Rules: Establish rules for managing trades based on the timeframe you used for your initial analysis. For example, if you entered a trade based on a daily chart setup, consider using the daily chart for exit signals as well. Stay Disciplined: Remain patient and trust your analysis. If your daily chart setup is valid, give it time to unfold without being swayed by short-term fluctuations. Conclusion Iโve learned that managing trades across different timeframes requires discipline and a clear understanding of the market context. Avoiding the rookie mistake of conflicting signals can enhance your trading performance and help you navigate the complexities of the market with confidence. By maintaining a consistent approach to your analysis and execution, youโll be better positioned to capitalize on high-probability setups while minimizing the emotional turmoil that often accompanies reactive trading. Remember, the key to success lies in your ability to stay true to your trading plan, regardless of the noise surrounding you. Happy trading!Education10:28by TLTurnerTVPublished 4
BTCUSDBTCUSD could resume its bearish course for the weekend to see what it does to us over the weekend, a return to 57000 would not be bad. We will see what he has in store for usShortby MCY-TRADER-BTC_GOLDPublished 1110
BTCUSD UPDATEThis is an update on yesterdays post on the probability of Bitcoin trading back above 65k. The pair looks ready to claim the key price level. Longby GALACTICtradingspacePublished 1
Bitcoin price routeBitcoin new update> the way of Analysis is in accordance with Neo and Elliot waves. Keep it as a memory!Shortby ShahramMoradi1983Published 3
BTC Market Analysis 27.09.2024๐BTC Market Analysis๐ Overview: The current BTC market is showing mixed signals, indicating potential for both bullish and bearish scenarios depending on key resistance and support levels. The analysis focuses on a WXY correction pattern on the larger timeframes and a potential bullish continuation on the shorter ones. Hereโs a detailed breakdown of the potential paths BTC might take: ๐Bearish Outlook:๐ Scenario 1 - 1D Timeframe: Chart Reference: BTC 1D Analysis BTC is currently completing a WXY correction where each wave (W, X, Y) is composed of an ABC pattern: W = ABC X = ABC Y = ABC Currently, the price is at the top of the B wave of the Y correction, expected to end between $65,600 โ $68,100. Key Levels: Invalidation Level: $73,770 โ If the price closes above this level, the bearish scenario will be invalidated. Take Profit Area: $44,013 - $40,813 โ This zone represents a reasonable target for shorts if the bearish move materializes. ๐Scenario 1 - 4H Timeframe:๐ Chart Reference: BTC 4H Analysis Zooming into the 4H interval, we can see a more detailed structure of the B wave of the Y correction. Bearish Divergence is forming on the 4H timeframe, which could signal a potential reversal. A key diagonal support trendline is visible (marked in aqua on the chart), and this line has been sustaining the bullish trend for the past 21 days. Strategy: It is crucial not to prematurely short this market. Instead, wait for a rejection from the box area and look for confirmation if BTC breaks below the trendline. If this happens, the bearish divergence would be confirmed, and a stronger downtrend could ensue. ๐ Scenario 2 - Alternative Bearish View: ๐ Chart Reference: BTC Bearish Scenario 2 This scenario is currently the least probable but still possible. The structure could either be a WXY or a simpler ABC correction. WXY: A complex corrective pattern with internal ABC formations. ABC: A simpler structure where Wave C must have 5 waves down, while Y has corrective ABC movements down. The flat correction pattern generally targets 0.786 - 0.886 Fib retracement levels, which in this case are between $68,602 - $71,015. Key Levels: Targets: $43,224 - $39,608 โ Potential bottom areas for both WXY and ABC scenarios. Invalidation Level: $73,777 โ If BTC breaks and closes above this, the bearish view will be negated. ๐ Bullish Outlook: ๐ ๐Scenario 1 - 1D Timeframe:๐ ๐Chart Reference: ๐ BTC Bullish Scenario ๐ Live Chart: ๐ BTC Bullish Scenario Live chart This is the only bullish scenario currently under consideration. The confirmation for this setup would be a breakout above the previous ATH (All-Time High), which stands at $73,835. ๐ Important Note: ๐ This wave represents the final leg of the entire bullish cycle. Itโs characterized by increased volatility and risk, as the uptrend could end abruptly. ๐ How to Trade It: ๐ Regularly take profits as the price moves higher. Gradually exit positions instead of waiting for the absolute top. The moment BTC hits the actual cycle top, it could see a 20-30% drop in a single day. Recoveries can take months or even years if one gets caught in this position, as the market could transition into a prolonged bear phase until the next bullish cycle. ๐ Technical Details: ๐ The analysis shows clear wave structures. Wave 4 bottomed at $49,043, sitting on the 0.5 Fib level, a typical strong support for Wave 4 in Elliott Wave Theory. ๐ Targets: ๐ $85,406 โ $92,679 โ These are nominal targets based on current wave projections, without considering extended waves. Invalidation Level: $52,413 โ If the price falls below this point, it would confirm one of the bearish scenarios instead. โ ๏ธCausion: โ ๏ธ BTC is currently at a critical juncture. While a bullish continuation is possible, it requires breaking the previous ATH to confirm. On the other hand, the bearish scenarios provide multiple levels of confirmation, including bearish divergences and trendline breaks, which could suggest a deeper correction if confirmed. Traders should maintain a cautious approach, utilize appropriate risk management, and stay nimble as the market reveals more information. โ ๏ธ Disclaimer: โ ๏ธ ๐ซ This is not financial advice. Trade responsibly and conduct your own research before making any decisions.๐ซ by RhinoAkaBearUpdated 3
BTC/USDT Weekly update 10.07.2024๐ Trading Instrument: ๐ ๐ถ BTC/USDT ๐ถ ๐ Detailed Market Overview: ๐ Bitcoin has finally reached a key confluence zone around the 0.61-0.65 Fibonacci retracement levels. At the moment, BTC is showing signs of bearish divergence on the 1-hour timeframe, and a similar pattern is forming on the 4-hour timeframe. Such divergences are typically seen at the end of waves, indicating a potential reversal is approaching. The current price structure appears corrective, with Wave B being characterized by a sideways abcde pattern, which is commonly observed during Wave B or Wave 4 of a larger trend. However, given the overall market context, itโs more likely that this is a Wave B scenario, as a Wave 4 doesnโt fit the current wave count. Now, Bitcoin seems to be completing the last Wave C of this corrective structure, which would mark the end of this short-term bullish bounce within the larger bearish trend. Rejection is expected within the next 1-2 hours, unless BTC breaks above $66,000. As long as this level holds, the swing-term trend remains bearish. Additionally, the entire corrective bounce has been supported by a diagonal trendline, which is currently acting as a key support level. A break below this diagonal trendline would confirm that the top is in, signaling a bearish reversal on lower timeframes. This would align with the broader bearish market trend, and we could see Bitcoin targeting $58,000 as the first key support, with a potential to drop as low as $47,000 in the coming weeks. ๐ Bearish Signals: Bearish divergences on the 1H and 4H timeframes. A potential Wave C completion within the corrective structure. Key support trendline is at risk of breaking. ๐ฏ Bearish Targets: If confirmed, the downside targets include: $58,000 $47,000 ๐ก Bullish Case: If BTC breaks above 66k it will be confrimation its going to break ATH! โ ๏ธ Disclaimer: ๐ซ This is not financial advice. Always trade responsibly and conduct your own research. ๐ซShortby RhinoAkaBearUpdated 1
BTCUSD #M15 Chart AnalysisInstrument: Time Frame: M15 Chart Observations: 1. Identified inverted Flag Pattern With Major Inclined Resistance Zone 2. Trend has moved in a Triangle respecting each side of triangle 3. Fake Breakout Also Their that hunted S.L 4. Current price action shows Bearish Trend 5. Fast Moving Average line is in the way of intersepting slow moving Average line from Upside to Down Trading Strategy: Sell @ 62200 Take Profit= 61400 Stop Loss= 62500Shortby Fxjames0009Published 114
Will BTCUSD finally start going Long? #BTCUSDHere is an analysis of BTCUSD. HTF is on a Correction and has mitigated the discount demand zone. It leaves the MTF on a Bearish immediate bias which still options for selling opportunities. However, the LTF will the deciding factor whether it breaks the i-CHoCH or not. Break will result in long opportunities whilst failure to break LTF i-CHoCH will result in short continuation. Overall, BU is still neutral for nowby LaFIIREPublished 1
Bitcoin Approaching Key Support At 41k AreaBitcoin (BTC) has been consolidating in a tight range after its recent move to the upside, currently trading near the 62k resistance level. Following a strong rally, momentum has begun to cool off, with indicators suggesting a potential pullback to retest major support levels before the next significant move. Key Technical Levels: Immediate Resistance: 62k-65k (price has failed to break above this zone multiple times) Intermediate Support: 50k-55k range (psychological and technical support) Major Support: 41k (key horizontal support and accumulation zone) Momentum Indicators: The MACD (Moving Average Convergence Divergence) has shown signs of bearish divergence on higher time frames, suggesting that bullish momentum is waning. Additionally, the price has started forming lower highs, which indicates a trend reversal in the short term. This potential pullback should be viewed as a healthy correction within Bitcoin's long-term uptrend, rather than a reversal of the macro bull market. The 41k area, which aligns with both historical price action and Fibonacci retracement levels, is the level to watch. Why the 41k Level Matters: Historical Support: The 41k level served as a critical support during the previous cycle, acting as a strong accumulation zone before Bitcoin's meteoric rise to new all-time highs. Previous touches of this level have seen strong buy-side interest, making it a key psychological and technical zone. Volume Profile: The 41k area has shown a significant volume node in past trading activity, meaning there is high trading interest at this level. A return to this area could likely see an influx of buyers stepping in to support the price, making it a solid zone for a potential reversal. Healthy Retracement: After a strong rally, it's typical for Bitcoin to pull back to key support levels before making a new push higher. A retracement to 41k would represent approximately a 50% retracement from its recent highs, which aligns with the usual CRYPTOCAP:BTC historical retracement pattern. Trade Idea: Strategy: Look for a pullback to the 41k-43k range, where Bitcoin is likely to find significant support. This would be an ideal entry point for long positions, with the potential for a strong bounce. Confirmation: Watch for bullish signals such as a price reversal with higher lows, increasing buy volume, or a bullish crossover on the MACD once Bitcoin approaches the 41k zone. Conclusion: Bitcoin's current consolidation hints at a deeper pullback, but the 41k support zone offers a high-probability buying opportunity. This level has historically been a solid floor for accumulation and is likely to attract strong demand, making it an attractive entry point for traders looking to position for the next major rally. If Bitcoin successfully defends this level, we will see a powerful leg up toward new all-time highs, surpassing 70k-80k in the coming months. Keep an eye on this level and be prepared to act when the opportunity presents itself.Shortby joshfisidiPublished 113
The TRUTH is Pending through BULLISH CYCLESThe truth is pending but my REVERSAL STRADEGY unveils secret truths. Smart Money is playing it out into a rising wedge behind the background. Will it play out this way? maybe it is. They know how we think, if this happens to change then I will update later. Meanwhile, when it is time for the crash fall, TA data will be accumulating on my end. This data will start printing out in tiny portions the CRASH IS NEAR. We must understand, that when the crash is near, BITCOIN reads to be in its most bullish conditions which we've never seen before. The world will not stop talking about how bullish Indices, Stocks, and Crypto has been and will be. I have no doubt many of any sort will be providing feedback to those who listen. These information providers will be on the WHALE's PAYROLL to deceive many to say more than what they shouldn't say and many will follow their advice and just then, the BULLISH FULL MOON will turn into darkness and those who provided feedback, displaying themselves as professional analyst traders, many will not to be found. Pivot high and pivot low is my strategy, I've retraced. The Ma's work with my pivots. The yellow trend that's dotted is a possible scenario of price movement. This bullish dragonfly doji has not closed but it's reading out BULLISH MOMENTUM for our coming months. Beware; after 5 pm Pacific time, a minor downtrend then will reverse, and this may last for some time. Longby The_ForexX_MindsetUpdated 212125
$BTC Daily UpdateCRYPTOCAP:BTC on $59,557 support, $60,629 resistance testing, Last daily close looks good, $61,953 next key resistance from here, Volume looks weak, $58,290 next key support from here. by limitlessnashPublished 2
Tactical Bitcoin Short Opportunity Amid DowntrendWhile we all want Bitcoin to trade higher, as that's where the best risk-to-reward lies, in the very short term, it remains in a downtrend. As long as it trades below the October 7th high of 64,473, the downtrend is expected to continue. A more tactical bearish entry could be between 61,486 and 62,810, which are key levels below the 64,473 high. This range offers a favorable risk-to-reward ratio, with downside targets at the recent low of 58,887 and potentially 57,294. What is your take on BTC? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.Shortby ThinkMarketsPublished 4
BTC might take a dip to 58300BITSTAMP:BTCUSD seem to be testing minor support around 61700 and if it breaks then likely we'll see 58300 very soon. More details in the video update.Short03:06by YetAnotherTAUpdated 1
Bitcoin 2026Pay attention here folks... Don't be shaken out of your BTC position by a little pullback... Bitcoin will do a minimum 200% move in the next bull cycle...are we in full bull mode now?...Hell yes we are. Keep buying the dips and get ready for BTC to go parabolic in the coming months. You wouldn't believe unless you see it on a chart for yourself. Stay strong and stay LONG!Longby marcomarcello2211Published 2