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Bitcoinusd

BTC#2 : Summary of things to watch out for in the current uptren🔥 The previous plan helped you make a profit. Leave a comment and share the joy. 🔥 Today I will continue to bring everyone a perspective on BTC and the next trading plan. 1️⃣ **Fundamental analysis:** 📊 🔴US CPI rose slightly more than expected in December as energy costs rose, suggesting inflation is still rising ▫️ In addition, a recovery in Bitcoin was supported by the release of December PPI on Tuesday, which showed weaker-than-expected inflation data. 2️⃣ **Technical analysis:** 🔹 **D Frame**: Yesterday's candle close shows strong market confidence in BTC rising. However, the price has reacted when touching the trendline. This is the area we need to pay attention to 🔹 **H4 frame**: The bearish price structure was broken when the price crossed 968xx and went straight to the trendline, which caused the bullish momentum to slow down somewhat. It is likely that we will need a slight correction to gain momentum to break the resistance area above 🔹 **H1 frame**: Looking at the price structure, you can see more clearly. The bullish wave has not shown any signs of ending, but the important resistance area requires us to be more patient if we want to find profits. 3️⃣ **Trading plan:** ✅ If you want to have a BUY position at the moment, my advice is that we can patiently wait for the price to test the support area of ​​958xx as I marked on the chart. Don't be hasty, when the R:R ratio of the important resistance area is always low. The bullish price structure also needs confirmation by a higher bottom than the previous bottom. FOMO at this time is not a wise choice ⛔ The resistance zone will always make you want to stop the ship. However, wait for the bearish price structure in the small time frame M5. M15 to make sure your judgment is correct. If you have a good position, you should not expect high profits when the bearish price structure is temporarily broken, closing part of the profit when the price touches support and leaving SL positive will be a wise choice. 💪 **Wish you successful trading!** 🚀
by TonyL0ng
Ethereum at a Critical Turning Point: Head & Shoulder PatternEthereum Technical Chart Study Ethereum is showing some interesting price action. It recently took resistance from its resistance zone and is now forming a classic Head & Shoulder pattern—a structure often signaling potential reversals. Currently, the price is sitting right at the neckline of the Head & Shoulder pattern. If this neckline breaks, it could lead to further downside movement. Looking below, there’s some key support to watch: 1. The 2800 resistance zone, which Ethereum broke out of earlier, hasn’t been tested yet. This zone might now act as a strong support if the price moves downward. 2. There’s also a trendline support in play, adding another layer of potential price stability. So, what’s next? If Ethereum breaks the neckline, we could see the price fall towards the 2800 zone or possibly to the trendline support. These are the levels to keep an eye on for the next big move.
CRYPTO:ETHUSDShort
by khanrafat20
Bitcoin Analysis Yesterday, we didn’t get a clear breakout and the market remains stuck between two level like forming red green pattern. This chart shows the Bitcoin-to-USD (BTC/USD) price action, likely on the 1-hour timeframe, with indications of a potential bearish movement. Here’s a quick analysis based on the provided image: Key Observations: 1. Current Price: The price is around $94,921, showing a slight decline (-0.23%). 2. Ascending Channel: The chart indicates a rising channel (black trendlines) that is nearing its upper boundary, suggesting potential exhaustion of the upward momentum. 3. Resistance Zone: A purple rectangle marks a resistance area where the price has struggled to break through. 4. Bearish Rejection and Projection: • The price appears to be consolidating near the upper trendline but lacks strong bullish momentum. • An arrow indicates a potential breakdown from the channel, aiming toward lower levels around $93,000. 5. CCI Indicator: • The Commodity Channel Index (CCI) shows a decline from overbought territory (above 100), indicating bearish momentum could be building. Potential Scenario: • Bearish Breakdown: If the price breaks below the ascending channel, it could test the $93,000 level or even lower to the $92,000 support zone. • Invalidation: If the price breaks above the resistance zone and holds, the bearish outlook would be invalidated, leading to further upward movement. Trading Suggestion: (Don’t follow me blindly as I am not a certified trader) • Consider short positions if the price breaks below the channel and confirms with volume or candlestick patterns. • Monitor support zones near $93,000 and $92,000 for potential profit-taking or reversal signals. • Place a stop-loss above the resistance zone to manage risk.
BITSTAMP:BTCUSDShort
by Tech2trader
BTCUSD SHOWING A GOOD UP MOVE NOW WAIR FOR TRAD LINE BREAKOUT A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by gujju_forex
Bitcoin Strategy: Cup & Handle, Flag Pole, Parallel ChannelIf you're aiming to maximize gains using multiple setups across different timeframes, this strategy combines three powerful patterns: the Weekly Cup & Handle, Flag Pole, and Daily Parallel Channel. Here’s how to execute this structured approach for optimal entry, exit, and profit potential. Weekly Cup & Handle Timeframe: November 15, 2021 – October 14, 2024 Breakout: Achieved on October 14, 2024 Target: 82,000 (same as the Flag Pole) The breakout from this long-term Cup & Handle pattern suggests strong bullish momentum and a solid foundation for long-term gains. This setup aligns with the target and stop-loss criteria from the Flag Pole pattern for a consistent strategy. Weekly Flag Pole Pattern Timeframe: October 16, 2023 – March 11, 2024 Target: 1 lakh Stop Loss (SL): 66,000 (below the last swing low) The weekly Flag Pole pattern reinforces the Cup & Handle trend, providing a shorter-term opportunity within the larger uptrend. Enter in tranches to capture initial momentum and add on pullbacks. Daily Parallel Channel Timeframe: March 5, 2024 – October 18, 2024 Breakout: October 18, 2024 (retest completed) The breakout and retest of the daily Parallel Channel on October 18 offer a shorter-term entry point. Targeting 1 lakh on this setup aligns with the long-term patterns, with Target 1 at 82,000 and Target 2 at 1 lakh. Execution Strategy Enter in Tranches: Start your position now and add on each pullback. Confirm Pullbacks: Look for a reversal on the daily candlestick pattern after each pullback. Manage Risk: Keep the SL at 66,000, set below the last swing low, to protect your capital. Summary of Targets Target 1: 82,000 (aligned with Cup & Handle and Flag Pole) Target 2: 1 lakh (Parallel Channel breakout) By combining these setups, you capture both long-term and short-term price movements, maximizing your potential for profit while managing risk effectively.
BITSTAMP:BTCUSDLong
by ayusharya_001
1
Bitcoin: BTCUSD bulls take a breather as FOMC week beginsBitcoin (BTCUSD) has been under pressure for the third consecutive day as traders cautiously approach a crucial week. After briefly halting a two-week losing streak, Bitcoin is struggling once more as everyone eyes the Federal Open Market Committee’s (FOMC) September policy announcement set for Wednesday. Bitcoin buyers lack conviction Be it the repeated reversal from a seven-week-old descending resistance line or bearish MACD signals, Bitcoin (BTCUSD) sellers appear flexing muscles ahead of this week’s key US Federal Reserve (Fed) Interest Rate Decision. It’s worth noting, however, that a weeklong bullish trend channel joins a convergence of 50 and 100 Exponential Moving Average (EMA) to restrict the short-term downtrend of the top-tier cryptocurrency pair. Key technical levels to watch Firstly, a convergence of the key EMAs and the aforementioned bullish channel’s bottom line offers an important challenge to the BTCUSD sellers around the $58,350-200 zone. Following that, Bitcoin sellers can aim for an eight-day-old horizontal support surrounding $55,600. If the bears keep the reins past $55,600, the monthly of nearly $52,550 and the $50,000 threshold will be in the spotlight. On the upside, Bitcoin will first encounter resistance around $60,000 and a downward trend line near $60,300. A successful break above this could lead to testing the bullish channel's top line around $61,900 and the $62,000 mark. BTCUSD sellers to keep the reins Bitcoin sellers remain in control, with the cryptocurrency facing significant resistance and a long, uncertain path ahead.
BITSTAMP:BTCUSD
by MTradingGlobal
BTC - Super Bullish - 115,000+ Coming Soon?Overview & Observation: 1. Breakout of ATH levels and price sustaining higher levels are signs of strong buyers. 2. A strong trendline breakout candle will be expected. 3. RRR is favourable. Trade Plan: 1. ENTRY = CMP 2. STOPLOSS = 10% 3. TARGET = 70%++ - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
Long
by SuperNova396
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
BITSTAMP:BTCUSDShort
by tradergyan01
12
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good Buying detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good Buying detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
CRYPTO:BTCUSDLong
by tradergyan01
Bitcoin price loses correlation with the stock market On 17 MayOn 17 May, Bloomberg that the price of Bitcoin is at a high level of correlation with the shares of technology companies. At the time, it was suggested that the main cryptocurrency was perceived as a growth asset, fuelled by: → the launch of Bitcoin ETFs; → expectation of Fed rate cuts. But here was yesterday's Fed meeting, where the intention to cut the rate 1 or 2 (if inflation slows down more actively) times before the end of the year was announced. And with that, the Nasdaq 100 index of tech stocks rose to an all-time record of over 19,500 points. Bitcoin's price, on the other hand, is acting less confidently. As the BTC/USD chart shows: → amid yesterday's news of declining inflation, the Bitcoin exchange rate jumped about 3% in 2 hours; → and today the price has returned to the levels before the news was released. What's more - it's gone lower. This is a bearish sign. According to a technical analysis of the Bitcoin to US dollar chart: → the price has been oscillating for a long time along the median of the expanding fan, which originates back in November 2023; → each time the price deviated from the rising median, it returned to it (as indicated by the arrows) - thus showing that the consensus of market participants regarding the bullish outlook was stable. Now the situation is changing: → having deviated down from the median, the price is having trouble getting back up (as shown by today's decline under the start of yesterday's upswing); → the psychological level of $70k is providing resistance; → the descending channel (shown in yellow) is becoming more apparent. This could mean that the consensus is crumbling and there is a shortage of buyers in the market willing to pay more than $70k for the coin. The inability of the Bitcoin price to perform as strongly as the Nasdaq 100 index going forward will support this thesis. I expect a decline to the 1st support line below the median.
BINANCE:BTCUSDShort
by fintechzoom
1
BITCOIN GOOD DOWN MOMEMTUM DETECTED FOR SHORTTERM ALSO FOR LONGBITCOIN SHOWING A GOOD FALL A good falling detected on bitcoin It's showing a fall due to these reason 1. It's following the triangle pattern over here 2. It's ready to break the neckline 3. After a good. Move refreshment will occur Just grab out will your own risk With a small amount Stay connected Stay happy ITS A SETUP FOR SHORT TERM ALSO FOR LONGTERM Follow for more A good falling detected on bitcoin It's showing a fall due to these reason 1. It's following the triangle pattern over here 2. It's ready to break the neckline 3. After a good. Move refreshment will occur Just grab out will your own risk With a small amount
CRYPTO:BTCUSDShort
by tradergyan01
1