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Btcusdanalysis

BITCOIN :- Resistance, Testing, and short Key Points: Bitcoin currently hovers around $40,900, sitting on the lower edge of a sideways trading channel. A confirmed channel break with strong volume could lead to a retest of $30,391 (previous breakout level). Wait for price action to consolidate and confirm support at $30,400 before considering long positions. Technical Analysis: The price resides at the channel's support zone, testing its validity. A breakdown through $40,900 with increasing volume signifies bearish continuation. The RSI remains neutral, offering inconclusive momentum signals. Strategy: Neutral: Observe price action at $40,900. If a clean break with volume occurs, wait for confirmation of support at $30,400 before entering long positions. Alternatively, a bounce off $40,900 with rising volume could indicate a potential trend reversal, warranting further observation. Risk Management: Prioritize risk management with well-placed stop-loss orders. Adjust your strategy based on confirmed price action and volume patterns. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Conduct your own thorough research before making any investment decisions
COINBASE:BTCUSDShort
by TRADING-NASA
BTCUSD Analysis- Shakeout or Pullback🤷‍♂️In the monthly chart, on the left-hand side, it can be observed that 2017 highs acted as a strong resistance. But once this level was taken out, it started acting as a support in 2022. Holding the very basic idea that a resistance once taken out, start acting as a support. You would observe this concept several times on this chart. On the right-hand side, we can see a shift in structure from LL-LH to HL-HH formation near the above-mentioned levels (2017 highs). It was analyzed and explained in the following idea- The resistance area of 25200 was broken out in March2023 and later tested twice in June and September2023. We can see a range creation between 31200 and 25200. The 25200 resistance now acted as a support and the range broke out in October2023. It continued higher with a small area of consolidation in-between November, which finally broke out this month (December). Currently we are facing a pullback from near 44700 to 40132 on this chart. The volume was high during this pullback but there is no follow through. This is indicating that this pullback could be just a shakeout. ⚡I would discuss three scenarios here for different type of traders: -Overtly Bullish -Moderately bullish -Cautiously bullish 🚀Overtly Bullish- This is the most probable scenario at this point and is suitable for short term traders. Market will resume higher after the shakeout. There is a wholesale entry near 40000-40100 zone with stop below this zone. Targets could be 44500/48200 for short term. 🚀Moderately bullish- As per this scenario, we have stretched too far and expecting further pullback. This scenario is suitable for those who have intermediate term perspective. In this case 38000 (previous resistance) may act as support, so a bounce play could be an option from there. The stop would be below 38000 and target 44500 or higher. 🚀Cautiously bullish- This scenario is for those who are looking for longer term opportunities in the market. They would ignore entries near the higher prices and wait for deeper corrections. For them expect a break till 35000/33400 could be best where more buyers would show up in the October2023 breakout zone. Which category do you belong to? Write in the 💬section below. Do boost🚀the idea if you think it was informative. Regards. Disclaimer: The levels discussed are for educational purpose only and not a trading or investment advice.
INDEX:BTCUSDLong
by Bravetotrade
15
The Bitcoin Charts Of 2020 And 2023Crypto Analyst Reveals Uncanny Similarities In The Bitcoin Charts Of 2020 And 2023 A crypto analyst has revealed what seems to be one of the most uncanny similarities in two separate Bitcoin charts. The two charts taken from 2020 and 2023 show a very similar price trend, and the most important part is what happens if Bitcoin continues to follow this trend. What Happens If This Trend Continues? If the historical performance of Bitcoin back in 2020 is repeating itself once more, then it is very bullish for the price. This is because 2020 is actually the year the last bull run began. From December 2020, going into the year 2021, the Bitcoin price would rise continuously to beat its previous all-time high set in 2018.
Long
by saurabhbhola80
BITCOIN Projection of $15k to $48k#BITCOIN Daily Chart Analysis As per 1-day chart Analysis of CRYPTOCAP:BTC , still it will be moving perfectly as per Broadening Wedge Pattern from last Lower-Low point of $15.5k on Nov. 2022 and before #Halving of Bitcoin its final downtrend cycle goes towards completion and it will be projecting towards BER:33K to $30k cut-off for its final Lower cut-off point around April-May 2024 on Having Time Zone. Lets see, Whats new and final #AllTimeHigh will mar-up in 2023, while at this time on today on 6 Dec. 2023 at writing time, #ATH of CRYPTOCAP:BTC is $44,575 approx. Whats the new All Time High of Bitcoin in 2023.. Is it will be FWB:48K or FWB:52K around, It means, BTC cross over $50k again 8th time in history and then it take Reversal mode towards BER:33K -35k at last time.. Lets see, whats the market mood and sentiments of Whalers with news impact of #ETFs. Always #DYOR and Trade wisely by using #StopLoss at this deadly Volatile situations of #Bull or #Bear Traps to avoid your funds from Liquidations. and, Follow me, Share it and Like it with Comments...
BLong
by AskToRahulSirohi
BTCUSDT good for short (Bitcoin short position)**************************************************************************************************** **************************************************************************************************** * All the information shared in this chart is provided for strictly educational purposes only. * This chart is sharing information are based on the theory of technical analysis . * This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. * Back test yourself before jump into live market consult your financial adviser and use proper risk management. ****************************************************************************************************** ****************************************************************************************************** Trade entry : 37685 SL : 37848 Target : 37200 \ 36946 \ 36354 ____________________________________________________________ Visit Us for more details and follow us for more Education Analysis ____________________________________________________________ Trading_Cafe24 Thank you :)
Short
by Trading_Cafe24
BITCOIN - Price Projections Before Halving#BITCOIN Weekly Chart Analysis As per Weekly movements, MIL:BTC moving towards $38k to FWB:48K ( May be chances to break-out $50k again 8th time in history), but before #Halving once it will be take a reversal towards $30k also last time to book profits by Whalers in this cycle. So, Ready for that last ride of last downtrend cycle before #BullRun Starts after the Halving of Bitcoin approx. 60-90 days, it means around July 2024 BTC will be starts their #Bullish Trend towards the Upcoming BullRun's first phase of $165k-$180 in 2024-25 and final #AllTimeHigh will be reach around Nov. 2025 to Jan. 2026 around $280k-$320k approx. Anyway, always #DYOR before investing in Crypto as well Trade wisely by using #StopLoss and, Follow me with your likes, comments and share...
BLong
by AskToRahulSirohi
BTCUSDT Bitcoin bearish on Daily chartA bearish view on Bitcoin suggests a belief that the price of Bitcoin is likely to decrease or face a downturn in the future. It's important to note that the cryptocurrency market is highly speculative and influenced by various factors, so any predictions come with a degree of uncertainty. Here are some reasons someone might hold a bearish view on Bitcoin: Regulatory Concerns: If there are increased regulatory pressures or crackdowns on cryptocurrency trading or usage in major markets, it could negatively impact the demand for Bitcoin. Market Sentiment: Bearish sentiment can be driven by overall negative market sentiment, fear, uncertainty, and doubt (FUD) surrounding Bitcoin or the broader cryptocurrency market. Technical Analysis: Traders and analysts often use technical analysis to identify potential trends and patterns in price charts. Bearish technical indicators might include patterns such as descending triangles, head and shoulders, or bearish divergence. Macro Economic Factors: Economic downturns or financial crises could lead investors to sell off riskier assets like Bitcoin in favor of traditional safe-haven assets such as gold or government bonds. Competition from Other Cryptocurrencies: If other cryptocurrencies or blockchain projects offer better technology, features, or solutions to specific problems, investors might shift their focus away from Bitcoin, affecting its price. Security Concerns: Instances of significant security breaches, hacks, or vulnerabilities in the Bitcoin network or associated platforms could erode trust and confidence in the cryptocurrency. Market Manipulation: The cryptocurrency market is still relatively young and can be more susceptible to market manipulation, which could lead to artificially inflated prices followed by sharp declines. It's important to conduct thorough research and consider various perspectives when forming an opinion on the market. Predicting the future movements of Bitcoin or any other asset is challenging, and the market is subject to rapid changes based on news, sentiment, and external factors. As with any investment, it's crucial to carefully evaluate risks and make informed decisions based on your financial situation and investment goals.
Short
by nikhilbansal