Bitcoin: BTCUSD bulls struggle amid overbought RSI, $70,100 eyedOn Monday morning, Bitcoin (BTCUSD) experienced slight losses after reaching a three-month high. This movement highlights overbought RSI conditions, indicating weak upside momentum beneath the horizontal resistance area established since early June.
Buyers remain hopeful
Despite overbought RSI conditions and facing key resistance, Bitcoin (BTCUSD) buyers remain optimistic. The pair is holding above last week’s breakout from a descending resistance line, which is now acting as support around $67,700. Additionally, bullish MACD signals suggest strong buyer momentum.
Key technical levels to watch
The horizontal resistance around $70,100 is a key barrier for Bitcoin bulls. They should also monitor the $70,000 threshold and recent highs near $72,000 as additional hurdles. If BTCUSD breaks through, the yearly peak near $73,800 and the $75,000 mark will attract buyers' attention.
If Bitcoin (BTCUSD) breaks below the former support at around $67,700, it could trigger a short-term decline. Key levels to watch include the previous monthly high near $66,500 and the 200-SMA support around $63,300. If prices fall below $63,300, the next significant support is at $62,500. A move past that could lead to a drop towards the psychological level of $60,000 and potentially a monthly low of around $58,870.
Upside potential remains intact
Overall, Bitcoin (BTCUSD) buyers are likely to remain in control despite the challenges at key resistance. However, a price pullback is possible if the US Dollar strengthens from this week’s PMIs and Durable Goods Orders data.
1-BTCUSD
Weekly Market Review & Outlook: Technical Analysis of BTC, GoldA comprehensive review of the past week's market performance, followed by a detailed technical analysis and outlook for Bitcoin, Gold, and major currency pairs. This video uses multi-timeframe support, resistance, and trendline analysis to predict potential price movements for the upcoming week.
Weekly Market Review & Outlook: Technical Analysis of BTC, GoldA comprehensive review of the past week's market performance, followed by a detailed technical analysis and outlook for Bitcoin, Gold, and major currency pairs. This video uses multi-timeframe support, resistance, and trendline analysis to predict potential price movements for the upcoming week.
Will BTC/USD Reach $89,000? Weekly Time Frame Breakout Analysis.Will BTC/USD reach $89,000? In this video, I analyze the recent breakout on the weekly time frame using pure price action.
I dive into key levels, patterns, and market momentum that could potentially push Bitcoin towards the $89,000 mark. If you're looking for a detailed breakdown of BTC's price action, this is the video for you.
Bitcoin Bybit chart analysis October 17
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This is the Bitcoin 30-minute chart.
Nasdaq indicators will be released at 9:30 in a little while.
I wish it had held out a little longer until 9:00 when the additional 4-hour candles are created,
but it is being pushed down little by little.
In yesterday's analysis, the long position entry point is 66,942.5 dollars.
I just connected the purple finger strategy.
* Red finger.
It is a one-way long position strategy.
1. 66,406.5 dollars long position entry point / stop loss price when the green support line is broken
2. 67,977 dollars long position 1st target -> Top section 2nd target
If the rebound fails,
Since there is pressure from the 6-hour MACD dead cross,
You should be careful because adjustments can continue to occur.
It can be coupled with Nasdaq, so a crash should never occur.
Up to this point, I ask that you use my analysis as a reference only
I hope that you operate safely with principle trading and stop loss prices.
Thank you.
Bitcoin Bybit chart analysis October 16Hello
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This is the Bitcoin 30-minute chart.
There is no Nasdaq indicator today,
but it seems difficult to see a trend.
*Red finger
One-way long position strategy.
1. $67,401 long position entry point / cut-off price when the green support line breaks
2. $69,812 long position 1st target -> Great, Miracle 2nd target
It is unlikely, but if it rises strongly from the current position,
the Great section
The purple finger position can be the best short position sweep section.
The 1st section marked below
is a strong rising condition,
and since it is an upward sideways market from the bottom (a place where the short-term pattern breaks),
the final match can be decided in the 2nd section.
On the other hand, the 2nd section will be a very important support line, right?
It seems that the direction will be revealed depending on the movement of Nasdaq today and tomorrow.
Depending on the situation, it seems that it can rise again to around 100 million this week.
Please use my analysis article as a reference only,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
Bitcoin Bybit chart analysis October 15Hello
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Here is the Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.
In the case of Bitcoin, there is a very high possibility of sideways movement today.
(Bollinger Band downward touch, 2-hour chart MACD dead cross, etc.)
Also, please note that the main sections drawn in the real-time strategy have changed.
Depending on today's movement,
Tomorrow's direction seems to be determined.
The strategy was carried out from the purple finger chase purchase,
but the movement is in progress as additional candles are created,
so please pay attention to the movement of the blue finger.
*When the blue finger moves,
It is a two-way neutral
short -> long switching strategy.
1. $65,850 short position entry section / stop loss price when orange resistance line is broken
2. $64,679 long position switching / stop loss price when green support line is broken
Currently, the rebound can be pushed to the 2nd section at the top,
and even if the rebound is strong today,
it seems difficult to break through the top section.
From now on, if it breaks away from the purple parallel line support line,
it will be a vertical decline condition.
You should pay attention to the final 1+4 section.
It would be good to watch from the bottom to the 3rd section.
Today, if there are no variables in Nasdaq,
it seems likely to move sideways,
and depending on the movement, the overall direction will be revealed tomorrow,
so please refer to it and operate.
Up to this point, I ask that you simply use my analysis article to the extent of use,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
BTCUSD/BITCOIN DAY BUY PROJECTION 16.10.24Reason for Bitcoin Bullish
As a result, BTCUSD is the most popular crypto-to-fiat pair, and it serves as the de facto gold standard for the cryptocurrency market; providing the price direction cue for virtually the entire crypto market. In the BTCUSD pair, Bitcoin is the base currency, while the US dollar is the quote currency.
BTC & Gold Price Action Analysis | Key Levels and Trade SetupsIn today’s video, I dive into the latest price action analysis for Bitcoin (BTC) and Gold. We’ll be breaking down key support and resistance levels, identifying potential breakout zones, and discussing trade setups you can keep an eye on.
Thank you for watching! If you found this analysis helpful, don’t forget to like the video and subscribe to the channel for more in-depth market analysis and swing trade ideas. Your support helps me continue bringing you high-quality content every week!
Feel free to share your thoughts in the comments below and let me know which asset you’re keeping an eye on this week.
Happy trading!
#BTC #Gold #PriceAction #TradingAnalysis #Forex #SwingTrading
Bitcoin Bybit chart analysis October 14October 14 Bitcoin Bybit chart analysis
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Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
*Red finger movement path
One-way long position strategy
1. 64391.5 dollars long position entry point / green support line breakaway stop loss price
2. 66522 dollars long position 1st target -> Good, Great additional target price
Please pay attention to the real-time Nasdaq movement
Please use my analysis article only for reference and use.
Thank you.
WIF MAJOR RALLY SOON! CRYPTOCAP:WIF is moving up on the 4H chart with higher highs and lows. However, it hit a strong resistance around 3.00. A pullback offers a buying opportunity at the SUPPORT zone.
If it holds at $2.50 support, we could see a bounce back towards the resistance at 2.80 - 3.00. Break above 3.00 may target the next resistance around 3.60, 4.20 or higher.
Bitcoin Bybit chart analysis October 11Hello
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Here is the Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 9:30.
*When the red finger moves,
Long position strategy
1. After touching the 1st section of the purple finger,
$60,962.5 long position entry section / stop loss price when the green support line is broken
If it comes down right away without touching the purple finger,
Long waiting at the 2nd section at the bottom, $60,377 / stop loss price when the green support line is broken
2. $62,256 1st target -> Top 2nd target,
Good, Great 3rd target price
There is a possibility of a crash in Nasdaq,
Please pay attention until the main section is broken
Up to this point, my analysis is for reference only
I hope you operate safely with principle trading and stop loss price.
Thank you.
"Conquering Bitcoin: Over 2,000 Points Captured in a Single Trad"Just like I shared yesterday, this Bitcoin trade played out perfectly, capturing over 2,000 points! We saw a strong upward move and hit all the right levels. With precise entries and exits, this trade is another example of how important it is to stay ahead of market trends. Keep following for more such golden opportunities that deliver solid returns. We are here to conquer the crypto market!"
Bitcoin: BTCUSD surpasses 200-SMA barrier, focus on $65,450Bitcoin (BTCUSD) rises to a five-week high, crossing the 200-day Simple Moving Average (SMA) during a slow trading session on Monday, largely affected by holidays in Japan, the US, and Canada. Notably, Bitcoin formed a Doji candlestick on the weekly chart, hinting at a potential reversal of its losses from late September.
Further upside appears lucrative
In addition to the weekly Doji candlestick and Bitcoin's recent move above the key moving average, a bullish crossover on the MACD and a strong RSI (14) support BTCUSD buyers.
Key technical levels to watch
With Bitcoin (BTCUSD) successfully trading above the 200-SMA, buyers are gearing up for a challenge against a four-month-old descending resistance line near $65,450. The previous monthly high of around $66,500 also poses a barrier; breaking through this level could open the door for Bitcoin bulls to target the $70,000 mark, which was tested in July.
Conversely, sellers should watch for a drop below the 200-SMA, currently around $63,350. If this happens, the 50% Fibonacci retracement level from the June-August decline and an upward-sloping support line from early August, located near $60,800 and $58,750 respectively, will be crucial for buyers to defend.
US Dollar consolidation adds strength to bullish bias
In addition to the technical indicators, a quiet economic calendar this week and mixed data from the previous week could lead to the US Dollar’s retreat, which may help boost Bitcoin (BTCUSD) prices.
"BTC Trade Update: Massive 1264 Points Target Hit!"
Our community is rocking with this BTC trade! As promised yesterday, we’ve hit a massive 1264 points target, and the trade is performing exactly as predicted. If you've booked profits on this one, make sure to set the comment section on fire! I want to hear about all the gains you’ve locked in—let's get the energy flowing.
Share your profit screenshots and let me know in the comments! Stay tuned because I’ll be sharing more powerful trades soon!
BTC Trade Update : "BTC Rocket Ride: 669 Points Gained, Target i"BTC's price action has come close to hitting the first target. So far, the trade has delivered 669 points, showing strong momentum towards our anticipated levels. With price testing key support zones and facing resistance near 63,462, there's still potential for further movement. Keep an eye on the next levels for a possible continuation or pullback, as the 61,602 zone below could offer critical support if the momentum shifts."
BTCUSD Key Resistance Zone: The chart highlights a strong resistance around 62,811 - 62,838 USDT, where price is expected to struggle to break higher. This area is a potential zone to look for sell setups if price retests it.
Support Zone: The green highlighted area around 60,000 USDT acts as a crucial support zone. The price is consolidating within this area, and the next move depends on whether it breaks below or holds above this support.
Bearish Scenario: If the price breaks below the support zone (around 60,000 USDT), the next target would be around 53,924 - 53,821 USDT (marked in red), a lower support area.
Bullish Retest: In case the price moves up and retests the resistance at 62,838 USDT, this could provide an opportunity for a sell-off, anticipating a reversal back down towards the lower support.
This chart shows a neutral consolidation with potential for either a breakout to the downside or a bearish retest of resistance.
Sell Strategy for BTCUSDT Based on the Provided ChartKey Resistance Zone:
The chart indicates a strong resistance area around 63,657 - 63,679 USDT. This is where the price has previously failed to break higher and has shown signs of a reversal, making it a prime area to consider selling.
Confluence Zone:
There is a notable confluence zone marked between 61,776 - 61,929 USDT. This area is significant because it aligns with various technical factors. The price is likely to retest this zone before continuing the downward trend. A rejection candle (such as a pin bar or bearish engulfing pattern) in this area would be a strong confirmation to enter a sell trade.
Entry Strategy:
Wait for the price to return to the confluence zone (highlighted by the red arrow and circle on the chart). Once the price reaches this area, enter a sell position when there is a clear rejection signal, such as a bearish candle formation indicating price reversal.
Take Profit Target:
The ideal take profit zone is around 57,876 - 57,898 USDT, which is marked as a strong support area on the chart. If the downward momentum continues, this is a likely target for the price to hit.
Stop Loss Placement:
Place your stop loss above the resistance area, around 63,679 USDT. This will protect your position in case the price breaks above the resistance and shifts towards an upward trend.
Summary of the Strategy:
Entry: Around 61,776 - 61,929 USDT, upon observing a bearish price rejection.
Take Profit: Target 57,876 - 57,898 USDT.
Stop Loss: Set above 63,679 USDT to minimize risk.
This strategy is based on the confluence of key technical levels, resistance, and support areas shown on the 4-hour chart. It focuses on waiting for a clear rejection signal before entering a sell trade.
Bitcoin Bybit chart analysis October 10Hello
It's a Bitcoinguide.
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Here is the Bitcoin 30-minute chart.
The CPI indicator will be released at 9:30 in a little while.
There are risk factors in Nasdaq,
but there is a high possibility of sideways movement.
I created today's strategy based on the part that says Bitcoin gains freedom.
There are some tricky parts in the middle, so please read carefully.
*When the red finger moves,
One-way long position strategy
1. 60,895.5 dollars long position entry section /
When the purple support line is completely broken or the 2nd section is touched, the stop loss price
2. 62,256 dollars long position 1st target / Top section 2nd target
I marked the purple finger 61.3K at the top,
and if you touch this section,
the probability of the strategy succeeding increases when the wave increases at the time of the CPI.
From the 1st section of the orange resistance line above, it is connected to an upward trend,
so please note that it may not come down to the entry point.
From the 2nd section at the bottom, it is a right-side uptrend
Roughly, look at the orange resistance line 1st section / green support line 2nd section sideways section
and raise the bottom section upward
and pay attention to the shape of the Bollinger band support line in the 12-hour chart candle that is created after a while.
If the strategy is successful overall,
you can use the additional long position re-entry section at the 61.6K section where the daily candle is created
in the adjustment from the 62.2K 1st target.
Be careful because there are also Nasdaq variables up to this point
and I hope you operate safely with the principle trading and stop loss price as essential
Thank you.
GOLD & BTC Price Action Analysis | Key Levels & Breakout InsightIn this video, we analyze the price action of Gold and Bitcoin, focusing on key levels and potential breakout opportunities. Using weekly time frame analysis, we'll discuss significant trends, support, resistance levels, and market behavior. Stay tuned for valuable insights that can help guide your trading decisions.
#GoldPriceAction #BitcoinAnalysis #BTC #XAUUSD #ForexTrading #CryptoTrading #PriceActionTrading #BreakoutStrategy #AlzubairFX #TechnicalAnalysis #SwingTrading #TradingInsights #HindiTrading
Bitcoin Bybit chart analysis October 8
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This is the Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement.
It is rebounding while the mid-term pattern is broken,
and the Bitcoin pattern is also broken,
but when compared to Tether Dominance,
In terms of candles,
Bitcoin is touching the center line of the 6-hour Bollinger Band chart alone.
Tether Dominance is touching the center line of the daily chart alone.
When looking at it in the long term, I interpreted the influence of Tether Dominance to be greater.
In terms of signals,
the 12-hour chart MACD golden cross is imprinted.
If there is no Nasdaq variable,
I judged that the conditions are difficult, but it is worth a try.
In the analysis article on October 7,
I connected the strategy with the condition of maintaining a long position after the purple finger gap of $62,377
*When the blue finger moves
Two-way neutral strategy
1. 62,708.5 dollars short position entry section / stop loss price when breaking through the pink resistance line
2. 62,130.5 dollars long position switching / stop loss price when breaking through the green support line
3. 63,789.5 dollars short position switching / stop loss price when breaking through the red resistance line
As a condition for the strategy to succeed,
If the purple support line is maintained cleanly,
You can try switching long positions at around 62,708.5 dollars on the right blue finger.
1st section at the top
Movement within the orange resistance line is a sideways movement
If it falls immediately from the current position
Or the maximum possible position for long switching is
2nd section at the bottom.
I think it would be good to look at it as a rough sideways movement.
Bottom is the 4-hour chart support line
-> 60916.5 dollars is the 6-hour chart support line.
Up to this point, I ask that you simply use my analysis for reference and use only
I hope that you operate safely with principle trading and stop loss prices.
I will see you on Thursday after the holiday tomorrow.
Thank you.