BTCUSDT
Why BTC is going down ? Follow up Today, BTCUSDT has reached one critical point. In the past analysis linked here, we were waiting for two left-behind point, one between 56k and 53k and another below 51k, around 45k.
The price recovered the inefficiency, kept the lateral movement on the 60k resistance, consolidated by returning to the 63k level.
I was looking for a probable BARR but, as said in the past analysis, the pair had few liquidity and interest point to reach before increase and start the post-halving bull run.
The decreasing trend line fake out on the begin of the month can be mistaken for a break out, but the price did not draw a strong BOS and satisfying the fibonacci TP and level on the monthly inefficiency level (purple line).
This new bearish movement of the last few days included all crypto pairs. Ethereum, Ripple, Solana, Dogecoin... everyone's price decreased.
From a technical point of view, the price have reached our POI, point of interest zones. For Bitcoin we were waiting a recover around 56-53k, which were a inefficiency zone left behind from February 2024. It's impressive the reactivity of the price around our levels, snipers !
There are still areas to cover. On higher tf, the price is creating a M-pattern, indicator for an imminent bearish run. It would be in line with our analysis. The price would cover those missing areas, consolidating and the start a bull run. I am confident on a return around 42k before the long run.
I have just a note, a little thing that does not make sense so far : the price in below the Halving-level and this happened just another time before. Anyways, from an historical and fundamental point of view, the price has always increased after the halving (that's the aim). Are there any fundamentals points which have to be essentially consider for a fair analysis ? Are institutions and big whales a turning player for this halving as never before ?
Let's see..
Why BTC is going down ? Follow up Today, BTCUSDT has reached one critical point. In the past analysis linked here, we were waiting for two left-behind point, one between 56k and 53k and another below 51k, around 45k.
The price recovered the inefficiency, kept the lateral movement on the 60k resistance, consolidated by returning to the 63k level.
I was looking for a probable BARR but, as said in the past analysis, the pair had few liquidity and interest point to reach before increase and start the post-halving bull run.
The decreasing trend line fake out on the begin of the month can be mistaken for a break out, but the price did not draw a strong BOS and satisfying the fibonacci TP and level on the monthly inefficiency level (purple line).
This new bearish movement of the last few days included all crypto pairs. Ethereum, Ripple, Solana, Dogecoin... everyone's price decreased.
From a technical point of view, the price have reached our POI, point of interest zones. For Bitcoin we were waiting a recover around 56-53k, which were a inefficiency zone left behind from February 2024. It's impressive the reactivity of the price around our levels, snipers !
There are still areas to cover. On higher tf, the price is creating a M-pattern, indicator for an imminent bearish run. It would be in line with our analysis. The price would cover those missing areas, consolidating and the start a bull run. I am confident on a return around 42k before the long run.
I have just a note, a little thing that does not make sense so far : the price in below the Halving-level and this happened just another time before. Anyways, from an historical and fundamental point of view, the price has always increased after the halving (that's the aim). Are there any fundamentals points which have to be essentially consider for a fair analysis ? Are institutions and big whales a turning player for this halving as never before ?
Let's see..
BITCOINIt could move upwards to test 67486 -- 67951 📈
Rejection from above levels 67486 --- 69648 is possible 📉 📉 📉
As below levels are still pending to test
Any daily closing below 64740 then price could fall to 52529 📉 📉
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup 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
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
#BTC/USDT Primed for Breakout#BTC/USDT Technical Analysis: Two Potential Scenarios
Scenario 1: Symmetrical Triangle Formation
- **Current Pattern**: BTC/USDT is forming a symmetrical triangle, a common continuation pattern that usually indicates a period of consolidation before the price moves in the direction of the previous trend.
- **Upward Breakout**: If BTC breaks above the upper trendline of the triangle around $75,000, this could indicate a bullish continuation. Such a breakout would likely attract significant buying interest, potentially driving the price higher and grabbing liquidity above this key level.
- **Downside Risk**: Conversely, if BTC breaks below the lower trendline, the next major support level is around $61,000. This would suggest a bearish scenario where the price could decline further, testing this support level.
Scenario 2: Bullish Pennant Formation
- **Current Pattern**: BTC/USDT is also forming a bullish pennant, another continuation pattern that often occurs after a strong upward move. This pattern indicates a brief consolidation before the price continues in the direction of the prevailing trend.
- **Bullish Breakout**: If BTC breaks out from the pennant formation with strong volume and momentum, we could expect a significant upward move. The target for this breakout is around $85,000, based on the height of the initial flagpole leading into the pennant formation.
- **Confirmation**: For this bullish scenario to be validated, the breakout needs to occur with substantial volume, confirming the strength of the move.
$BTC | Daily: HTF Plan:BINANCE:BTCUSDT Bulls are gearing up to reach the previous month high and potentially set a new ATH. I think the next higher low will settle around the POI level in the 67k-66k range.
Altcoins market is currently pumping well due to the pre-hype surrounding the ETHETF. Ethereum spot ETF, whether approved or disapproved, could provide unique benefits to #Bitcoin. ✌️
BTCUSD - BITCOIN AT MAKE OR BREAK LEVELS ?Symbol - BTCUSD
Bitcoin has climbed higher in recent months on enthusiasm and demand generated by the nearly dozen spot bitcoin ETFs that were approved in January, as well as crypto's next 'halving' event and the prospect of Fed rate cuts this year.
But Fed rate cut expectations have been dialed back significantly amid hotter-than-expected inflation prints, which means central bankers look poised to keep rates higher for longer to fight inflation. Markets are now pricing in the fact that the Fed will only cut rates two times or less this year (as of now), according to the CME FedWatch tool.
BTCUSD CMP - 62,000
Bitcoin is currently trading & consolidating in a wide range of 61,000 - 72,000 levels.
Currently bitcoin is trading at lower range of this channel which is around 61,000-62,000 level.
60,000 is make or break level of Bitcoin as of now.
Bitcoin has to sustain above 60,000 - 61,000 for any further up move. On breakdown of these levels, We may see bitcoin coming back to 52,000 - 50,000 levels.
On sustaining 60,000 - 62,000 levels and moving up, we may see Bitcoin moving up to 85,000 and even 1,00,000.
For me, Sustaining and moving up/breakout scenerio is likely. So I'm taking positional long positions in BTCUSD at CMP 62,000 with SL below 60,000.
Incase BTCUSD breaking below 60,000 sustaining & closing below it. I'll close my long position & then I'll look to short it with SL above 62,000.
$BTC | Daily: HTF Plan:The weekly close for BINANCE:BTCUSDT was very bullish, with March low and liquidation levels already taken.
There is strong buying interest below 60k, so we are anticipating a dump to FVG before a pump to 68k.
However, it is unlikely for Bitcoin to see a direct surge to a new ATH, instead, there could be a period of consolidation between 68k and 62k.
BTCUSD Daily closing below 65867 then 📉 📉 to 62045 marked on the chart
Any Daily closing above 67438 then bullish 📈 📈 📈 77500
65867 could act as a support, so until it breaks and closes below then only 📉 📉
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Not coin updatesOverview
Name: Not Coin (NTC)
Launch Date: Recently launched (specific date varies by source)
Purpose: Designed for use in decentralized applications (dApps) and smart contracts.
Key Features
Blockchain Technology: Not Coin operates on a blockchain platform, ensuring security and transparency.
Smart Contracts: Supports the creation and execution of smart contracts, aiming to streamline various digital agreements.
dApp Integration: Focused on facilitating the development and operation of decentralized applications.
Market Performance
Market Cap: Relatively low compared to major cryptocurrencies, reflecting its emerging status.
Price Volatility: Exhibits significant price fluctuations, typical of new and smaller cryptocurrencies.
Use Cases
DeFi (Decentralized Finance): Potential applications in decentralized finance platforms, offering users financial services without intermediaries.
Gaming: Integration into blockchain-based games, providing in-game currency and assets.
Strengths
Innovative Technology: Leveraging blockchain for various modern applications.
Community Support: Growing community and developer interest, fostering innovation and adoption.
Weaknesses
High Volatility: Prone to large price swings, which can deter risk-averse investors.
Limited Adoption: Still in the early stages of user and developer adoption compared to established cryptocurrencies like Bitcoin and Ethereum.
Conclusion
Not Coin is an emerging cryptocurrency with potential in the DeFi and dApp sectors. Its future growth depends on increased adoption and development within its ecosystem. However, investors should be aware of the high volatility and associated risks.
For a detailed analysis, including technical specs and real-time market data, further research or consultation with a financial expert is recommended.
#BTC/USDT Rebound Sparks Optimism#BTC/USDT has recently shown promising signs of a potential relief rally, supported by the formation of a double bottom pattern and bullish divergence. A double bottom typically indicates a reversal pattern, suggesting that selling pressure may have exhausted and buyers are stepping in. Concurrently, bullish divergence, where price forms lower lows while the indicator (like RSI) forms higher lows, signals weakening bearish momentum and a possible trend reversal.
This combination of technical indicators implies that Bitcoin could be poised for a relief rally, with a target retest of the $62,500 level. However, as with any market prediction, it's essential to monitor price action and volume to confirm the validity of the pattern and divergence. Traders should remain cautious and implement risk management strategies accordingly.
#Bitcoin Heating Up: Analyzing the Bulls' MomentumIt sounds like you're analyzing two potential scenarios for the BTC/USDT pair. Let's break them down:
1. **Retest of $60,000 to $59,000, then liquidation of longs, followed by a rise to $84,000:**
- This scenario suggests that Bitcoin might retest the $60,000 to $59,000 level, possibly to shake out weak hands or test support levels. After this retest, it could liquidate long positions (which could lead to a sharp drop in price) before ultimately rising to $84,000.
- This scenario implies a short-term bearish movement followed by a significant bullish move.
2. **Fall to important support levels of $53,000 to $52,000, then rise to $84,000:**
- In this scenario, Bitcoin would fall to the $53,000 to $52,000 support range, possibly indicating a deeper correction. After reaching this support level, the price would then rally to $84,000.
- This scenario suggests a more significant correction to key support levels before a strong recovery to new highs.
Both scenarios indicate potential short-term volatility and significant price movements. It's essential to consider the overall market conditions, news events, and technical indicators when evaluating these scenarios to make informed trading decisions.
Bitcoin Urgent market Update about RejectionBTC/USDT Urgent Analysis
➡️ Current Situation:
BTC has faced rejection at a higher high (HH) and is testing the resistance trendline (TL).
➡️ Bearish Scenario:
There’s a possibility that BTC may retest the $57,000 range.
➡️ Key Levels to Watch:
- $64,500: Crucial level! Breaking above this indicates a bullish move towards $100K.
- $65,540: Place your stop loss here if you have open short positions (avoid high leverage).
- $67,300: The last HH level. If BTC breaks this, the HH/HL pattern is invalidated, signaling a bullish rally towards $100K.
Stay alert and manage your positions carefully!
Why "V" Shape Happened Last week in #Bitcoin ?Why "V" Shape Happened Last week in #Bitcoin ?
High Risk-to-Reward Reversal Trades
- Whales in Action: Big traders can manipulate the market to fill long positions. By driving prices down, they trigger stops/liquidations, then enter positions at favorable liquidity levels. Once the liquidity is absorbed, prices reverse upwards.
- Liquidation Levels: Massive pressure on one side of the order book can lead to price reversals after liquidation levels are hit.
- All Liquidation Levels Hit: If all liquidation levels in one direction are exhausted, there's minimal liquidity left, causing a natural price reversal.
Opportunities for Traders:
1⃣ These reversals can mark local tops/bottoms, offering high risk-to-reward trades.
2⃣ Use tight stop losses and further take profits for maximum reward.
3⃣ Increase your chances by finding confluence with other indicators or support/resistance levels.
CRYPTOCAP:BTC #BitcoinETF
$BTC Risk-Managed Trading Beyond $64,500CRYPTOCAP:BTC Risk-Managed Trading Beyond $64,500
Red Box Resistance: The crucial resistance level is at $64,500. For a bull scenario, we need to see a confirmed candle close above this level.
Potential Breakout: If #BTCUSDT breaks above the red box, we could witness a rally toward a new all-time high.
Risk Warning: Only enter high leverage positions after clear confirmations to minimize risks. Proper risk management is essential.
#Bitcoin #cryptocurrency
Important BTC Update:Bulls and Bears Face Off at $64,000BTCUSDT Update: Current Resistance at $63,000
BTC is trading at the crucial $63,000 resistance level.
Next Move:
- Bullish Scenario: A decisive breakout above the $64,000 resistance could trigger an upward rally to a new all-time high.
- Bearish Scenario: Failure to break $64,000 might lead to a downturn, pushing BTC to the year's new low in the $45,000 - $50,000 range.
Keep a close watch on these levels as they will decide the next direction of BTC. Stay tuned for further updates!
$BTC Update: Falling Wedge PatternCRYPTOCAP:BTC Update: Falling Wedge Pattern
Bitcoin is currently bouncing back within the yellow box but remains inside the Falling Wedge pattern/Bull Flag.
Bulls need to surpass the $65,000 resistance level to confirm an upside breakout. If successful, we could see BTC headed toward $95,000
However, if BTC fails to hold the yellow Box support, expect potential downside to $50k and $40k.
Stay cautious and keep an eye on these key levels!
#Bitcoin #Crypto #TechnicalAnalysis
Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Count
Greetings traders and investors,
Current Analysis:
The current BTC scenario appears bearish. As discussed earlier, I highlighted the likelihood of a significant dump. I hope you adhered to the warning and avoided long trades around $70,000 - $72,000.
Chart Analysis Recap:
The chart shows a clear bullish pennant formation, usually indicating a bullish trend. However, based on my experience, the market often moves contrary to expectations.
Pennant Breakdown:
#BTC briefly broke upwards before a fakeout and a subsequent breakdown below the bullish pennant.
Critical Breakdown:
After breaking below the $66,000 level, #Bitcoin dropped further past the red trend line and retested $67,400. Many traders, fearing missing out, opened long positions at this level only to be liquidated shortly afterward.
Elliott Wave Count:
We're currently in the 5th count of a fresh Elliott Wave and the 3rd sub-wave count. Expect a slight upward move to fulfill the "A" and "B" count.
Upward Move:
Expect a short-term pump towards $61,000 - $62,000.
Major Dump: Post-pump, BTC could dip further to $50,000, with potential dips toward $45,000.
Support & Resistance Levels:
Support: $51,000 / $42,000
Resistance: $62,000
Note:
If BTC breaks above the $62,000 resistance, the Elliott Wave count could change, then i will update.
Like & share if you agree with my Analysis
Trade safely,
$BTC Plan Blue for Long-term #Crypto Investment:Phase 1 - Buy 50% at 58k
Phase 2 -Buy 30% at 49k
Phase 3 -Buy 20% at 38k
If you're starting a new portfolio, consider buying some Bitcoin and Altcoins at the current price levels and then remaining 50% at 49k & 38k as per our plan.
There's no need to fret over your long-term investments, just remember to HODL.
Remember, it's impossible to accurately predict the exact bottom of the market, so always do your own research before making any investment decisions.
NFA DYOR GL.