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Btctrading

BTC wide range BTC is currently in a high-level wide range oscillation stage. After the price rose and fell in the previous period, it continued to weaken in the downward channel until it rebounded and rebounded at the 92000 line. The resistance of the 100000 line above continued to suppress, and the price formed a horizontal wide range after experiencing multiple ups and downs. At present, the price has rebounded at the 92000 line and gradually raised the low point, testing the resistance level of the 100000 line again. If this resistance is broken, BTC may re-enter the upward trend. The 96000 line below is a short-term support. Once it falls below this position, the price may return to the bottom of the range, and the short-term market will be bearish. At the short-term level, BTC has entered the stagflation adjustment stage after multiple rises, forming a technical pattern of double top weakening. In the short term, the 97000 line is a key support. If it falls below this position, the rebound trend may end and the price will continue to be horizontal. Suggestions for short position operation: Aggressive operation: When the BTC price is close to 98,000, short positions can be arranged. The target downward support levels are 96,200, 95,400, and 94,000, and the stop loss is set at 100,000. Steady operation: It is recommended to wait for BTC to form an M head and break the support, and enter the market after confirming that the short-term trend turns to short. You can pay attention to the short position opportunities in the 97,200-96,800 area. Overall, the current short-term trend of BTC is still in a volatile consolidation pattern, and breaking through key resistance or support will determine the short-term direction.
by RonPeter_Trading
Short-term BTC strategy for the weekendStill following the plan. Look for BUY/Long opportunities in line with the main uptrend at the resistance zones noted on the chart. BTC is still holding its price at a critical resistance zone and has yet to show signs of breaking the trend in this area. Therefore, it remains in line with the main trend. In the short term, continue to look for buy setups and manage short-term trades when trading CFDs on the MT4/MT5 platform. For the long-term HOLD view, we'll wait for upcoming events and key information—updates will be provided soon! Wishing everyone a great and lucky weekend. BUY ZONE: 95.625 TP: 97.350 SL: 95.000 SELL ZONE: 99.550 TP: 97.000 SL: 100.000 Pay attention to the resistance levels and candlestick momentum noted on the chart to proactively manage your trades. Always set your TP and SL for every signal to ensure the safety of your account.
BINANCE:BTCUSDLong
by KevinNguyen-SimpleTrade
1
BTC trend is down After falling from a high level, BTC has been fluctuating downward around this downward channel. So far, the structure has been broken in the US market. The price on the hourly line adjusted to the upper edge of the downward channel at 94,000 and fell under pressure. It broke through the previous low of 92,545 and opened up the space below. The current price fell to 91,500, and there is no sign of stopping the decline in the short term. BTC is in an accelerated decline stage overall. It is also consistent with the previous analysis and has now reached the target position. With the short-term volume weakening, the subsequent rebound will focus on the upper 93,000 line. If this position is not broken, the BTC trend may usher in a sharp drop. In terms of operation, you can go short with the trend.
Short
by RonPeter_Trading
BTC is accumulating momentum, how should long and short position BTC has recently fallen from a high level. The price turned and fell from the high point of 108340 to 92542 to stop falling and adjust. So far, BTC has entered a short-term decline. The price on the hourly line rebounded to the support of 92542 and rose. The price failed to hit the integer of 100,000 for the second time, forming a double top decline structure. The current trend fell back to 93500 and entered a narrow horizontal consolidation stage. The resistance of 96000 above is under pressure. If this position breaks, the hourly line descending channel will be broken. In the short term, the price will test the 100000 line above. The support of 93500 below, if this position breaks, the short-term rebound trend will end and test the 92542 line below. On the whole, BTC entered the accumulation stage after the short-term double top fell. In terms of trend, the price also reached the top of the hourly channel. However, there are many resistance levels above. Even if the downward channel is broken later, the trend will enter the horizontal range structure. But if the trend breaks down, there is more room for the price to continue to fall. In terms of operation, I personally think that BTC will continue to rebound and short before the channel breaks up. Long orders will be involved after the price breaks through the 100,000 line.
Short
by RonPeter_Trading
Bitcoin retreats lower After completing five waves of accelerated rise, Bitcoin is currently entering a correction downward trend. The current price has broken through the rising channel and rebounded at 92,000, which forms a relatively important support level. If the price falls below this support, the next support range may be close to the starting position of the previous rising wave, around 86,000. After the price rebounded to 100,000 points, it was under pressure and formed a double top structure. This position is also the previous long-short dividing line. Therefore, overall, Bitcoin is still in the five-wave correction stage in the short term. If 100,000 points cannot be broken, the upward pressure still exists. If the price is suppressed at this position, buying operations will not be considered in the short term. In the short term, the decline of Bitcoin after the surge is in line with the overall bearish trend. Pay attention to the narrow adjustment of the 97,600-99,500 range above. If it rebounds to this area, you can continue to consider shorting. Downward support can focus on the two key points of 94,800 and 92,600. If you have any different opinions on the market trend, please leave a message and like it. Thank you
Short
by RonPeter_Trading
BTCUSD 4 HR ANALYSIS | SHORT TRADE🚀 Bitcoin (BTC) Price Analysis - 4-Hour Timeframe 📊 Chart Overview: Current Price: $96,935.44 Timeframe: 4-Hour chart Date Published: December 20, 2024 Key Features: Trend Channe l: The chart illustrates a red ascending channel that represents the previous upward trend in Bitcoin’s price. Support and Resistance Levels: Resistance Level : Identified at $99,612.38 Support Level : Identified at $89,438.39 Price Movement : Recently, there has been a significant price drop depicted on the chart. Potential Drop: A green arrow indicates a potential price drop of 9.30%, equating to -$9,171.21. Discussion Point : The chart poses the question, “Can Bitcoin drop 10% from next week (23 Dec 2024)? Comment what you think? Analysis : The ascending trend channel suggests that Bitcoin has been in an upward trend. The recent price action shows a breach of this channel, hinting at a possible trend reversal. Key support at $89,438.39 needs to be monitored, as a break below this level could confirm further downside. The potential 9.30% drop indicates market uncertainty, potentially leading to a larger correction. Conclusion: Monitor the key support and resistance levels closely. The breach of the ascending channel and the significant price drop could suggest a trend reversal, warranting caution for bullish positions. Stay tuned for updates as we approach the critical date of December 23, 2024. Note - This is Only for education purpose. Follow and give Like
BINANCE:BTCUSDShort
by PM_Patil
1
BTC new all time high probability targetHello Friends just saw that again BTC is now at near to ath level. So while doing btc live trading analysis just found that we've squeeze channel if it gives proper breakout then new target would be calculated according to channel opening. So it is marked accordingly. Trade with proper risk management and risk reward to become a profitable trader. This is my peraonal view No buy sell recommendations. Please if you like then subscribe follow and like 👍 Thanks for reading. Happy trading!
CRYPTO:BTCUSDLong
by ravi229
BTC either side breakout big move expectedHello friends, while doing my daily btc live trading I just found that BTC is now trading in upper wedge channel. As all time high psychology level 90k break expected good move up. And if good profit booking comes then also trend will follow for some time. So either side breakout we expect good move. Trade with your risk to reward good probablity With money management. This is just my personal view not a buy sell advice. Stay tune with me for more btc live updates subscribe follow comment and discuss. Happy trading!
CRYPTO:BTCUSD
by ravi229
1
Bitcoin Bullish Flag Breakout Potential Above 760000Details: Asset: Bitcoin (BTC) Breakout Level: Above 760,000 Potential Target: Strong upside potential based on bullish flag breakout Stop Loss: Below 760,000 or as per individual risk management Timeframe: Medium to long-term (weekly timeframe) Rationale: Bitcoin is displaying a bullish flag pattern on the weekly chart, and a breakout above the 760,000 level could signal the start of a significant upward trend. The potential election of Trump, who has historically been perceived as pro-crypto, alongside Elon Musk’s pro-crypto stance, could provide additional support for Bitcoin’s upward trajectory. Market Analysis: Technical Setup: The weekly timeframe shows a bullish flag pattern, a signal often associated with continuation of an uptrend. Breaking above 760,000 could trigger buying momentum. Political Influence: Trump’s and Musk’s favorable views on crypto could help attract more institutional and retail interest in Bitcoin, enhancing upward momentum. Price Target: The flag breakout suggests potential for a substantial move up, with further levels to be analyzed based on historical resistances if the 760,000 level is breached. Risk Management: Implement a stop loss below 760,000, allowing for downside protection if the breakout does not hold. Timeframe: The move could develop over the medium to long-term, aligning with the weekly timeframe signal, though news-driven volatility may accelerate movements. Risk-Reward Ratio: Given the potential political support, this setup offers a favorable risk-reward ratio if Bitcoin sustains the breakout, with notable upside potential and a clear technical level to manage risk. Stay attuned to election outcomes and market responses to political shifts, which could impact the crypto market and Bitcoin’s trajectory in particular.
CRYPTO:BTCUSDLong
by CyborgTradingHub
BTC inverted cup and handle in 5min timeframeAs I've just seen this I thought to share with you guys. Inverted cup and handle also form at lower time frame. While doing btc live trading I've already seen big time frame inverted cup and handle if this coincides with smaller time frame and give breakdown as planned then there is a good opportunity for sellers to move its price further down. Also buyers try to book their profits. So this gives more probablity trade setup. And with good risk to reward and money management one can become a profitable trader. Its not buy sell advice just my personal view. Can you share your views.
BINANCE:BTCUSDShort
by ravi229
$BTC Updated CRYPTOCAP:BTC Update Fade the range nearly complete ✅, preparing for a breakout, I'm long So, last series of updates, we've called out the bottom early in August, pretty much on the day that it happened, but emphasized that the market still wasn't ready to break out yet. Instead, we wanted to see a fade-the-range setup play out. We called out the mid 50's POI to be the higher low and sure enough, that is exactly what we're seeing. We used that POI to buy spot and those positions are comfy once again, where we got away with buying the range low for the fourth time in a row now. And now that the fade the range is nearly finished and reaches resistance into our promised eventuality of our big Astro Block magnet zone, the question rises if this will reject again. And personally, I think it's time to be careful with staying stuck in a mindset of trading the range, which has worked for 6 months now. Because we know the market likes to catch you on those times. So according to the post I made yesterday, I do indeed believe the highly accurate data we presented and we indeed break out. And if CRYPTOCAP:BTC does, it rarely likes to give many opportunities to get long, so I entered partially here and will add if the zone lower is given. Price action So indeed, nice move off our daily POI we had in mind for a few weeks as the higher low bottom. Price pushed cleanly back into the range from the low, leaving a CME gap and weekly open underneath, a large one by the aggressive nature of the move off the low. Clean break back inside the range and a back test as well as clean respect of the midrange, confirming the validity of our range and our analysis. I would typically expect range mid to retest before breaking out (the H6 zone), but because #bitcoin likes to not give too many chances, it's from experience important to not put too much weight on it IMO. As being too patient results in missing out which is also detrimental for your performance ('patient' setups are more likely to run to your SL). For targets I like firstly the cluster above and our long promised Astro Block, but I'm going to leave runners and TP less aggressive as I am indeed expecting a big breakout. Order flow Most important is the spot leading market and absence of perps CVD showing takers are driving the market which is healthy. We did see a high spike in OI whilst shorts were being liquidated which means there are a fair few late longs in the system here but they are already exiting. So certainly some support for a shallow pullback here into the H6, but again not too much weight on it because OI is not excessive. It's perfectly possible to have another push up, then the high push in OI above ATH's and then the quick pullback to rinse it, before continuation. So a pullback isn't necessary, but healthy and would not surprise me. TPO Still waiting on our overall TPO naked POC's to be tapped above and we have a trend set of taking upside POC's which is always likely to continue as we know. Shallow POC's are always possible to be taken out so again the one at 60k would be the worst case IMO. Order book Order books show the market is set to range, nothing out of the ordinary since it's Monday. But walls below are clearly thicker and our chaotic stacks we typically like to see as they're more genuine and less likely spoofs. If they choose to be filled, that's again the shallow pullback scenario before higher, also showing itself in the order books. Plan So, plan leads to expecting a shallow pullback but not putting too much weight on it. So decided to fill longs partially at this very price we are right now of 62.2k and adding if we tap the H6 zone. The idea is to hold for longer as my thesis has been very clear on how I expect us to actually break out for the first time in 6 months. A tough call to make and as far as I'm aware, I was one of the few to make it, as well as calling the August bottom and 54k higher low as there was a lot of fear out there I'm sure you all remember. Things look a lot different now but it doesn't mean I am afraid now that people are catching on as the positioning isn't happening in ways that suggest exhaustion, rather late longs, flush, repeat on the backbone of a strong spot bid into clean price action and timing that makes perfect sense. If I am all wrong on this and the market rolls over and we lose 54k, I don't think that is good news, as that means the range breaks to the downside by our thesis, for a sustained move down. So my backup play is indeed to not only get out of longs then, but also enter breakdown shorts as the market is clearly set for a big move down. Don't think that is likely though due to all our analysis posted prior. But I like backup plans to not be fully caught by surprise. But know that I have been on the thesis of an August bottom and nothing has changed, and I am indeed positioned for that, in a way to both not miss out on the move, have extra maneuverability for a shallow pullback, but not get surprised on the low chance #BTC fails as it's very typical to get frozen out during times of a long range ending.
BITMEX:BTCUSD.PLong
by CryptoRishav