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BTC#19: “Cryptocurrency Reserves” and trading plants💎 💎 💎 After Trump posted about his plan to put BTC into the national cryptocurrency reserve, BINANCE:BTCUSDT BINANCE:BTCUSD had a meteoric rise back to 93~95x. Let's plan to trade BTC: 💎 💎 💎 1️⃣ **Fundamental Analysis:** 📊 The current market is dominated by “US crypto assets”. 🚀 Trump: Will put BTC into the national reserve, this will help the crypto sector break out. However, it is also important to note that the US lacks budget support and crypto reserves are just empty words at present. 📌 The probability of the Fed keeping interest rates unchanged in March is 93%. It can be seen that the current cash flow injected into the market is not really significant because interest rates have not yet decreased and the US tariff policy is still waiting to cause an economic war. Current news plays a role in restraining the downward momentum and fear in the recent past. 2️⃣ **Technical analysis:** 🔹 **Frame D**: it can be seen that the price is looking for an important resistance area. Note that the current price structure is decreasing, so the price can still turn around at any time when it touches the diagonal resistance zone. 🔹 **Frame H4**: It is clear that yesterday's increase has not yet had any technical recovery to be able to break through the current resistance zone. 🔹 **Frame H1**: Temporarily, the price is still in an upward trend influenced by yesterday's positive news. The previously broken trendline will act as an important support for the price to break out in the near future 3️⃣ **Trading plan:* ⛔ The current area is no longer ideal for establishing a trading position, if the price still has no recovery, we can consider looking for a SELL position when the price reaches the diagonal resistance area when a price structure appears on a smaller time frame. BUY should only be made if the price recovers and accumulates in the old resistance area and an increasing price structure appears on a smaller time frame. ✅ On the D and H4 time frames, the price structure is still bearish, besides, H1 has increased strongly without any technical recovery due to the influence of positive news. So we can completely wait for a trading opportunity when the price finds an important resistance and support zone. 💪 **Wishing you success in achieving profits!**
by TonyL0ng
BTCUSDT TRADING POINT UPDATE >READ THE CHPATIANBuddy'S dear friend 👋 SMC Trading Signals Update 🗾🗺️ crypto Traders SMC-Trading Point update you on New technical analysis setup for BTC USDT signals 🚀. BTC list 3 months. Drop 💧. moment close below 👇 big support level now. See tow Big support level. One said close that expect it buying or selling position. 80k close below 1D candle that expect more selling position 49k. ) if not close below 1D back up trand close above 82k 83k expect it more Bullish trend 📈 📈 Key Resistance level 104k Key Support level 80k 49k Mr SMC Trading point Plaes support boost 🚀 analysis follow)
by SMC-Trading-Point
Bitcoin Following 2013-2017 Fractal - UPDATE -still on target ? As expected, PA has dropped below the Fractal pattern but given how overBought PA was, this is not surprising and I think I mentioned this last time I posted this chart, that we may drop below. It does bring up the idea that we may have fallen off the pattern, as there is always a time when PA stops following Fractals..But we have to wait and see We can see how in August 2023, PA fell below this fractal line..and indeed, to many extents, we were close to a bear entry there. as shown by some on chain data......But PA recovered We can see how in 2023, PA Accelerated very quickly from this point on the Fractal. Current PA is NOT in a position to do this. Weekly MACD is Over Bought and is currently Falling Bearish, cooling off. At current rate of descent, is will be MAY when PA has enough strength on a Weekly chart to try and catch up with the Fractal once again. You can see that rising Long Term line of support ( Dashed line ) We bounced off it Twice in this cycle... Once when we began recovery in Jan 2023 and again, When we nearly entered that Bear when we fell under the Fractal in August 2023 A Vertical Drop by PA from current position takes us to 58K usdt on that line I think I prefer to think we could see 65K off that line if we retrace enough in April. But I have just posted about the expected MARCH candle Close and how we seem to be more likely to see a RED March and a Green April So, are we still on track to follow Fractal ? Impossible to say but if the Monthly candle close chart turns out to be accurate, then we could catch up and overtake the Fractal in Q3 We need to watch this closely... p.s. A Red Mach candle Close need not be a big drop from current price, a decrease of only 0.01 usdt would create a RED candle....
CRYPTO:BTCUSD
by Orriginal
Bitcoin Monthly Candle Close Colours from 2011 - maybe RED March The Odds were higher to get a GREEN February Close but we ended up closing RED Of the previous 3 RED February closes, Everyone was followed by a RED MARCH Those same previous RED February Candles were all preceded by a GREEN JAN We have just had a GREEN January and a RED February and so, Odds are that March will also be RED. But as we saw in the JANUARY post of this chart, the odds were for a GREEN Feb this year....so do not take this as a certainty. For March to close RED, we do not need to see a massive drop. Just 0.01 USDT below this Feb Close is enough Also on a BEARISH side, the candles colours since October 2024 follow the sequence from pre 2013 ATH to just after, entering a bear From Oct 2013 till Feb, Green Green Red Green Red- followed by March and April RED also. From Oct 2024 till Feb, Green Green Red Green Red On the BULLISH side, and this has a higher % chance of repeating, Of those 3 previous occasions were we had Green Jan then a Red Feb and a Red March, Two of those Three were entering a Bull run. 2012 and 2020 It should be Noted that those years were the years BEFORE Cycle TOP - We are currently IN the year of expected cycle TOP Currently March is 6 Green - 7 Red monthly closes. March is Currently GREEN at time of writing ( 1st March ) Of the previous 7 RED March, 5 were followed by a Green April Of the 6 Green closes, 3 were followed by a Green April Of those 6 Green March closes, only 2 really led on to further multi month gains. In conclusion, We are statistically more likely to get a RED March and that would put us in a better position to continue to reach a cycle ATH later in the year as the weekly MACD is still falling Bearish from High. This will have cooled off PA and allowed it to range, possibly in a Wyckoff distribution model A Red March also Gives us a better buying opportunity and MAYBE, MAYBE some time for ALTS to recover some o their losses......Maybe...... But it really should be remembered that we could also be entering a bear. More info is needed before this is seen clearly but caution is certainly something I will continue to talk about. Stay safe and remain Cautious
BITSTAMP:BTCUSD
by Orriginal
Bitcoin IN CME Gap after Fib circle encounter - what now ? As mentioned in a previous post, PA got "hit" by the same Fib circle that rejected the 2021 Cycle ATH - the difference being that PA got THROUGH the Fib circle Before turning down and so now, we slide down the outside, in a position of strength to be able to move higher when wanted. As can be seen on the Daily chart below This has also brought PA into the CME Gap as expected Currently, PA is recovering having filled only HALF the gap. I fully expect PA to return and complete the fill at some point. Also note the rising line of support that we are heading towards. If we carry on like this, we intersect with it on 3rd March, Next Wednesday at a price around 77400 We will have to wait and see what happens there but this is also where the 50 week SMA will be and so, as said previously, I am expecting PA to bounce strongly But this is Bitcoin....We have to wait and see what happens and react accordingly. A Drop Lower would take us out of the Mid 20% Drops we have been having this cycle as can be seen on main chart. The Next line of rising support on this chart is around -40% and is around the 100 week SMA I am not to sure we will go there..... But.................
by Orriginal
Bitcoin PA to Fill CME Gap UPDATE - Extraordinary GamesLet me explain - A CME gap, or Bitcoin CME gap, is the difference between the trading price of Bitcoin futures contracts when the market closes on Friday and reopens on Sunday. This gap occurs because the Chicago Mercantile Exchange (CME) is closed over the weekend while Bitcoin's spot market remains open, leading to price movements that are not reflected in the futures market until it reopens. CME is old School Traditional Finance that uses Bitcoin. In fact, CME Group first started Bitcoin futures trading on December 18, 2017. This was Way back when TradFi was putting Bitcoin down as a "Ponzi Scheme" and not many people had even heard of it. And through its history, the CME Bitcoin Futures has often created Gaps for the reasons above. And these Gas ALWAYS Get filled. At Times, Rapidly as PA seems to bizarrely retreat to the Gap, Fill it and bounce back rapidly. This can all be seen VERY clearly on the BTC1! ticker in TradingView. Go back through its history, you will see what I mean. The Current Gap is, however, being fought over Very Hard by Bulls and Bears. The CME Gap chart above shows you How Bulls have pulled the PA Back up just above the Gap. Teasing the CME Bears In my mind, I can see the Two Teams, New Age Finance wearing BITCOIN T-Shirts and the TradFi crew, wearing the "CME Gaps always get filled because we are Kings" T Shirts The Daily chart shows us how the 200 day SMA acted as support just above the Gap And the Weekly chart shows us how that 50 SMA ( red) just just out of reach on the other side of the Gap. If we look at the Range from March - Sep 2024, we can see similar patterns. The 2 rounded Tops , the slide down to a low. We are currently seeing a bounce back, off the TOP of the CME Gap....PA can smell that gap, the Gap can smell BTC PA, just cannot touch it This bounce may or may not reach the mid 90K before turning down again but it will turn down again, I am sure of that. PA is not ready to reach for New ATH But See that Long wick down in summer 2024 ? This is what may happen to fill the Gap. Ultimate though, We are waiting for the Weekly MACD to reach Neutral. THIS is what gives PA strength to reach higher, to a new ATH. The CME would like that Gap filled BEFORE PA pushes up and out of Range Because of this sharp drop in price recently, and if it continues, MACD could reach neutral by End of April ! and not June as previously But to sustain this angle of decrease, PA would have to go as low as 55K, reaching the Long Term rising support ( Dotted line of the weekly chart. This is also where the 100 SMA ( Blue) Sits I do not think that will happen but if PA Drops below 70K, I will begin to reevaluate my positions. So, I expect Pa to bounce around for a while, as in the previous Range in 2024 For now, we see the Bulls and Bears Teasing each other over this CME Gap. Who will win this battle. Will the BTC Bulls submit and allow the gap to be filled ? I hope so, I have a buy order at 78200 ;-) It maybe one of the last chances to buy BTC that cheap Exciting days ahead COME ON BTC BULLS>...
BITSTAMP:BTCUSD
by Orriginal
Is Bitcoins NUPL showing us we already had 2 cycle Tops ?As explained by Trading View "Indicator Overview NET UNREALISED PROFIT LOSS - NUPL This indicator is derived from Market Value and Realized Value, which can be defined as: **Market Value: The current price of Bitcoin multiplied by the number of coins in circulation. This is like market cap in traditional markets i.e. share price multiplied by number of shares. **Realized Value: Rather than taking the current price of Bitcoin, Realized Value takes the price of each Bitcoin when it was last moved It then adds up all those individual prices and takes an average of them. It then multiplies that average price by the total number of coins in circulation. By subtracting Realized Value from Market Value we calculate Unrealized Profit/Loss. The Net Unrealized Profit/Loss (NUPL) for Bitcoin can drop due to several factors. One significant reason is the correction in Bitcoin's price This price correction can push the NUPL indicator closer to the fear area, which begins after a drop below 0.25. Additionally, short-term holders (STH) may still be experiencing capitulation, indicating that new investors are still underwater. This can cause the NUPL to reflect deeper pessimism among newer investors, even if the overall market sentiment shows signs of optimism. SO, we can see from the chart how, back in 2021, NUPL went up and peaked twice - each occasion was around the 1st major ATH and then Cycle ATH in Nov 2021. Also note how the NUPL was lower the 2nd time round as Most major profit taking had been taken in March and so the next lowest Buy price was on the Dip before PA began to rise, and so the profit margin was lower We have just experienced a similar thing this cycle..The peaks of profit taking were a similar number of days apart and om a similar Range to 2021 And now, we see the NUPL Dropping. This is. to remind you, the fact that PA is dropping and Short term holders, who bought High, are now in Loss, underwater. Does this mean that we are at cycle end ? NOT AT ALL But it does very clearly show how all th epeople that said "This time is different" WERE RIGHT So, Hang on Guys and Gals, - it is different, Keep your eyes on NUPL,it is a great way of seeing Market Profits and how, when nthis is high, Profit taking is very likely to happen It is also a great signal as to when to BUY, when this is Low....it is usually because PA is LOW
INDEX:BTCUSD
by Orriginal
BITCOIN TESTING $87K - FALSE OR TRUE BREAKDOWN?Symbol - BTCUSD CMP 87100 BTCUSD has entered a risk zone, exhibiting a breakdown of the key support level. The market's attention is now on the bulls and their ability to maintain their defense. On the daily and weekly timeframes, the price is in a phase of global consolidation following a period of significant upward movement. The focus remains on the $90-91K range, a strong support area that aligns with the broader trend. Currently, a breakdown of support appears to be unfolding. On the local timeframes (H1 - H4), the price is testing the support of the local channel, as well as the risk zone at 87,000. If the bulls are able to sustain their defense above 86,400 level, Bitcoin could potentially strengthen. In this scenario, the primary target would be $91-92K Key support levels: 86,400, 85,530 Key resistance levels: 89,400, 91,600 Historically, the most significant price movements tend to occur after a false breakdown. However, the critical factor here is whether the breakout is genuine or false. In this case, confirmation is required — specifically, price consolidation above the key zones and levels. Regarding my previous BTCUSD analysis, I had projected a decline to the $90K risk zone while Bitcoin was trading around $96-97K at that time. After some consolidation, the analysis proved accurate as Bitcoin dropped to the $90K range. I believe this recent sell-off has disrupted the previous bullish structure, and a bearish structure is now beginning to take shape. I expect a retracement to the $91-92K range before the downtrend continues.
BINANCE:BTCUSDLong
by akshit_official
1
So, the Range box WAS hiding a Secret - what now for Bitcoin 2 days ago, I posted and showed why the Current Range Box of Bitcoin may have had a bearish secret and, well , It happened. Currently, PA has fallen out of Range and is sitting on levels of Low support And, as I have been saying since November, there is a CME Gap from 80700 down to 77535 This Gap may get filled as this could be an excellent opportunity to do so. It is also a great chance for us mere mortals to buy a few More Sats of a Bitcoin at a cheaper price than previously. And I will, I do not believe this cycle is over yet... Notice the 2.272 Fib line at 78920 which will offer support and then, just below that we have a rising Long Term line of support at around 76100, depending where PA hits it, should the support above fail. Of course, we should remember that PA may turn around now, and reclaim a higher high We have to Watch and react to what happens... Stay safe
INDEX:BTCUSD
by Orriginal
Is Bitcoins Range Box maybe hiding a bearish secret ? CAUTION ? I have been talking about his range box that PA is in for a while and, at the same time, referenceing the previous 2 times PA has done this this Cycle. But I also pointed out recently how this range is slightly different and possibly in a bearish way.. And I just found this on a 4 hour chart, which if true, could point towards PA taking a sudden drop to bottom of Range or Lower. As you can see, PA has ranged across and just got rejected off the Upper trendline of a descending channel. The Fib Retracements levels seem to offer support There is a vertical line on 1st April to give you a marlker to work on as main chart is a daily and this chart is 4 hour. PA could continue to range horizontalyt till around 3rd March before hitting trend line again. If PA tries to break out, it will hit it earlier. In my head, I always have that Still open CME Gap at 77K - 82K This is a perfect opportunity to buy Bitcoin at a discount if we get down there. I do have an open SPOT BUY order at 78600 just in case. I would not expect PA to remain down there for very long, so I have placed my order above what I consider to be the possible Low. None of this may happen BUT I find it prudent to be aware of all possibilities.
INDEX:BTCUSD
by Orriginal
BITCOIN PA got rejected by the same Fib Circle as Nov 2021 ATH This may not really Mean anything other than to show how amazing Fib Circles are and how they have a legacy in the past, even if the anchors are in the future. Let me Explain. To Draw a Fib circle, on the whole, we place one Anchor on a Low point of PA and then place a 2nd on a high These Fib Circles have their Anchors in Early 2023 But Look how these Circles cross PA back in 2021. The Current Circle that PA just went through and then turned down in the 2.618 On the Left side of the chart, see that Fib Circlwe that rejected March 2021 ATH..thats the 3.618 which we will cross again from July 2025 See what happened with the inner circle, the 1.618, on both occasions the PA ran into it. Just somethin to think about while we wait for BTC PA to Dip down to 77K and bounce back up ;-)
by Orriginal
BITCOIN IS HEADED TO 90K?Symbol - BTCUSD BTCUSD is reflecting a shift in market sentiment, with its current price action indicating a potential continuation of the ongoing correction. BTCUSD is currently trading within a falling channel pattern, with global market consolidation providing the broader context. There is a possibility of another retest of the 90,000 risk zone. On the medium-term timeframe, Bitcoin has failed to maintain its position near its all-time high, entering the local selling zone below the 99,800 level, and is now within the upper consolidation range. This shift is accompanied by a noticeable negative sentiment within the cryptocurrency market. Altcoins continue to experience persistent declines without any signs of recovery, further highlighting the lack of positive prospects. At this stage, Bitcoin appears to be reacting to the lack of fulfillment of promises from President Trump, as well as ongoing market manipulation and geopolitical tensions. These factors are contributing to the market’s protracted correction phase. New coins created ahead of the U.S. election have siphoned liquidity from the market, adding to the bearish sentiment. This situation, combined with a global trade conflict, has led to a significant market downturn. Support levels: 95,800, - 91,300, - 90,000 Resistance levels: 1,00,300 - 1,02,670 Technically, Bitcoin may continue its downward movement, potentially testing the 90,000 support level again. As the price approaches this level, the risks surrounding it will increase. Currently, the asset is in a consolidation phase between 95,800 and 1,00,300 which could precede a breakdown and further decline towards 90,000. However, considering Bitcoin’s sensitivity to U.S. political actions, there may be a temporary rise towards the 1,00,300 level before the asset resumes its decline. The likelihood of the price testing the 95,800 level for a breakdown and subsequent fall remains high. However, on a broader scale, the asset still maintains a bullish outlook, with strong support placed in the 90K-91K zone.
BINANCE:BTCUSDShort
by akshit_official
Could Bitcoin PA head down to fill CME Gap at 82K-77K usdt And the answer is "Very possibly" 50 SMA ( RED ) -100 SMA ( BLUE ) - 128 SMA ( GREEN ) - 200 SMA ( YELLOW ) For a start, Lets Look at what the 50 SMA did in the previous range. PA bounced off that 50, having tested it 4 weeks previously ( see wick down ) I can see no reason why that would not happen again if PA reaches this point. But we are now seeing the 50 beginning to flatten out after 3 months of PA ranging. The CME Gap exists since 11 Nov 2024 Price range of Gap is 80720 down to 77535 On the main chart, See how that 50 SMA is currently flattening out just under this range ? If PA comes down to the 50 SMA for support, it will fill that CME gap. Notice also how there is a similarity to the pattern of PA from that Range in 2024, though it seems we are experiencing a contracted version. As mentioned in previous posts, this range is also different in that we are under a 618 Fib Ext. Little Support below. This does not mean we will not bounce, indeed, I think we will but ultimately, I can see PA visiting that CME Gap, even if it is just a flash Wick down. It is a superb opportunity to buy BTC at a lower price
BITSTAMP:BTCUSD
by Orriginal
Here is why Bitcoin cycle ATH in Q4 maybe @ 250 K USDT This is my oldest chart I trust this chart - Keeping iot simple See the Pennant PA is currently in, under resistance of the 2.618 Fib Ext. Previous 618 Ext have been support this cycle and this leads me to think we will remain here a while. The Rising line of support we are in pushes PA to an apex in June and PA will react shortly before that time. ( PA may drop below support and then return before June) Weekly MACD currently falling Bearish, resetting and should be Neutral by June and so I am seeing PA rising from there. See how PA reacts to a Fib Circle. In this Cycle, Note that this apex of the triangle we are currently in is just after the 9.618 Fib Circle. IF we range into the Fib circle in June, I fully expect PA to Rise after Last time we ranged into a Fib circle with a Neutral MACD, was in Jan 2023 on the 4.618. This lead to a rise of just under 100% The Upper Blue Trend Line is the Ascending line of the previous Bitcoin ATH Tops, back to 2017 on this chart but to 2013 on Longer range charts. Many charts have confluence for a cycle Top in Q4 2025 and so, using that blue line, the expected push higher from BTC PA when it breaks out of pennant in June ( or near June), we end up around the 250K USDT mark This would, like in Jan 2023, lead to a increase in Price around 100% ( a little more actually ) While this is all based on Assumptions that PA remains Calm and in Range while the MACD resets itself from Oversold, it has happened before and there exists the chance it will again Obviously, PA may fall through the floor and so we all need to have plans for Both Bullish and Bearish scenarios. ( there is a strong possibility of a Dip to Mid 70K and swift return ) But over all, I find THIS chart to point towards a more realistic cycle Top ATH of 250 K Some LOG charts point to a near 1Million USDT Cycle top and that, given the market Cap required, is probably not going to happen THIS cycle....... But it will one day As ever, we take Bitcoin PA as it comes.....and react accordingly. This week is going to be Fun End of Month on Friday - Monthly patterns showing some interesting things. I'll explain those next week after month close.
by Orriginal
Simple reasons for and against a Bitcoin push in near futureThere are so many people coming out with so many idaes about why Bitcoin should reach for New ATH's in March and, to some degree, it is possible though I am not to sure it would be a good idea now. Something will happen in March though, I am sure ogf that, just not to sure what. For me, I like to keep things fairly simple. It has worked for me for many years. So, Lets be simple about this and Look at some basic things First of All, The Dreaded Hack yesterday that took the market into shock - Many ALTS Bled and are Still in shock. Bitcoin took it in its stride and fell by -4.7% - It was Less than many a normal days pull back ! And today, we are Green. This shows MASSIVE under laying strength. The Support Structure of Bitcoin is Huge. So, the the chart. Reasons for a Push higher. The Strength PA has, as just mentioned, is an obvious example of a simple reason to expect a push higher.The Daily MACD is Way down low, pretty well oversold and just ranging there, waiting.... But one thing I want to point out is the trend line that PA is running up. This is the trend line, with origins back 2017, that catapulted PA to the final 2021 ATH. It is strong support, that eventualy broke as the bear market cracked its whip, in 2022. But not before it support PA on two more occasions. So, Can it do it again ? PA does not need to react till we begin getting close to that Apex of the triangle we are now in, Which is in JUNE, But with the daily MACD Low and MACRO acceptance of Bitcoin and Trumps push to welcome Crypto, things may advance Quicker. PA certainly has the ability to move higher in the near future The down side of that is simply, PA would run out of "steam" Which brings me to why we may not see a push till JUNE and even then, that may just be the initial stage of the final push to cycle ATH. ( which I have said many times previously, is likely to be in Q4, maybe Early Q4 ) Look at this WEEKLY MACD chart See where that projected line comes down to the Neutral zone...The date of intersection..JUNE The last time weekly MACD was up here, as you can see, It fell in a very controlled manner and the angle of descent is the same as this projected line. That happened while BTC PA Ranged across for 6 months So, there it is, Nice and simple. JUNE is the best time, or just before, for PA t make a move but it may try some Dances in the time till then It can continue Ranging across in the Price range of 109K to 91K till then, Still making people money and keeping the world happy. We can dive Deeper into all kinds of data, onchain etc, get all techie and confound people with new words...but end of the day, Bitcoin will still do the same thing as it always does. MACD trading is a Latent method, as MACD shows you data after the event.....but it shows Trends.VERY WELL My money is on the trend Range we are currently in, ending in around End of May to June. This will lead to a series of New ATH's over 109K, all the way up to Cycle ATH in Q4 What happens than, That is going to be interesting to see.......but thats another story Stay safe
by Orriginal
BTCUSD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD BTCUSD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON 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
CRYPTO:BTCUSDLong
by tradergyan01
6
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON 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
CRYPTO:BTCUSDShort
by tradergyan01
5
BTC#16: Price reaction has changed positively.BTC break out SW?💎 💎 💎 In recent days, although important data information has been released, BTC is still in the Sideway zone and there are some positive signs. We continue to plan the next 💎 💎 💎 1️⃣ **Fundamental analysis:** 📊 Financial report, Fed Logan said that if the labor market remains strong, better inflation data does not necessarily mean the Fed can cut interest rates. Inflation data in the next few months will be very important; also pay attention to changes in geopolitics and policies; the impact of these factors on the economy is being closely monitored. 🚀 GameStop is considering investing in Bitcoin and other cryptocurrencies. Three sources said GameStop is exploring investing in alternative assets, including cryptocurrencies, especially Bitcoin. GameStop shares rose nearly 20% in after-hours trading following the news. 2️⃣ **Technical analysis:** 🔹 **D Frame**: We can see that although the price has not yet escaped the Sideway zone, the continuous appearance of higher lows is a positive signal to pay attention to. 🔹 **H4 Frame**: After the price reaction at 94x, although the 97x zone has not been penetrated, the price reaction in this area is giving positive signals 🔹 **H1 Frame**: The price structure has a change from bearish to bullish. If the trendline area continues to hold, there is a high possibility that the bulls will continue to dominate next week. 3️⃣ **Trading plan:* ⛔ The economic data released last week brought many fluctuations to the US dollar, but the price of BTC still did not have any significant changes. However, with the current price reaction, we should not apply the trading strategy in the SW price zone anymore. The 2 price zones have been tested quite a lot. This is a sign of an upcoming strong fluctuation ✅ The short-term price structure is in favor of the bulls. We can consider looking for a position if the price structure shows signs. 💪 **Good luck trading!**
by TonyL0ng
BTC#14: Bitcoin Is Resurgent? Bulls Are Back or Just a Scam?💎 💎 💎 As analyzed in the previous article, BTC tested the trendline and then turned down. However, the price did not fall too much and we saw a recovery. Let's plan BINANCE:BTCUSDT the next trade 💎 💎 💎 1️⃣ **Fundamental analysis:** 📊 The US dollar index DXY is up more than 0.50% on the day and is currently at 108.40; US regulators are piloting tokenization, using stablecoins as collateral. 🔹The Texas Bitcoin Reserve Act has been submitted to the Senate Finance Committee for consideration; 🔹US Senator from Florida proposes Bitcoin investment bill. 🔹 New bill in Montana, USA allows investment of up to $50 million in Bitcoin; 🚀 Standard Chartered Bank: Bitcoin expected to break record high as US Treasury market environment is favorable for digital assets. 📌 Overall policy implications for Bitcoin have restored optimism to the market. 2️⃣ **Technical analysis:** 🔹 **D Frame**: A green pinbar appeared at the end of the week, bringing positive signals to the market. The current price line is also supportive as the price breaks above the candle wick top. 🔹 **H4 frame**: Although the downtrend has not been broken, the 96K area is still acting as an important support zone. 2 pinbars are a clear sign that we will see a recovery for BINANCE:BTCUSD 🔹 **H1 frame**: The temporary downtrend price structure has been broken. However, the resistance zone of 98k - 100k is also very close. 3️⃣ **Trading plan:* ⛔ The current SW zone has been maintained for quite a long time. We will need to wait for clarity on the price line because the downtrend price structure in the H4 frame has not been broken yet ✅ Currently, looking at the positive price reaction for this area, the market is leaning more towards the bulls. However, establishing a BUY position at this time is riskier. We can wait for the price structure as on the H1 chart to choose a position. 💪 **Good luck trading!**
by TonyL0ng
OMUSDT - TRIANGLE BREAKOUTSymbol - OMUSDT OMUSDT is a noteworthy asset in the current market context, as it stands out as one of the few coins exhibiting bullish momentum while many altcoins are experiencing successive declines. The situation may be partially influenced by BTCUSD, should Bitcoin undergo a more significant downturn, this could impact the broader market, as no asset would be immune. However, locally, Bitcoin appears to be forming a resistance breakout. If the bullish trend persists, OMUSDT could find a catalyst to support its upward movement. At present, attention is focused on the resistance level of the triangle pattern and the base of the 5.6755 structure. Two potential bullish scenarios should be considered: growth following a breakout above resistance or a rebound after a false breakdown of support. Resistance levels: 5.9822, 6.3000 Support levels: 5.7500, 5.6755 Currently, the price is consolidating within the bounds of the triangle. However, once the resistance is broken, the market may enter a realization phase, with a potential sharp upward impulse. Beyond the 6.3000 level, there are no significant resistance levels to be encountered.
Long
by akshit_official
BTC#13: Market Shaking! Where is BTCUSDT Price? 💎 💎 💎 As predicted in the previous article, the price touched the H1 trendline zone and then had a correction back to the 96K support zone. Now we will continue to plan for BTC 💎 💎 💎 1️⃣ **Fundamental analysis:** 📊Maryland, the United States plans to establish a strategic Bitcoin reserve fund 🔹US non-farm payrolls increased by 143,000 in January, lower than expected; 🔹Trump plans to announce retaliatory tariffs as early as Friday 🚀 Interest rate futures traders expect the Fed to make another rate cut in May 📌 Overall, the current fundamentals are still supporting BTC's upside potential. However, market liquidity is still being affected by Trump's tariff policies and potential future trade wars from these policies 2️⃣ **Technical analysis:** 🔹 **D frame**: A long-tailed pinbar appeared when the price reached the 99K resistance zone. However, the 96K support zone is still doing its job well. For a clearer view, we will evaluate the smaller time frames 🔹 **H4 frame**: The bearish price structure is still intact with no signs of change. 🔹 **H1 frame**: Although the bearish price structure was broken, it immediately turned down. The price reaction at the current support area is weak. 3️⃣ **Trading plan:** ⛔ Looking at the multi-frame price structure, it can be seen that this is not a suitable time to establish a BUY position. Basic information from the market is also showing concern about the upcoming tariff policy. If there is a change in the price structure from H1, then this possibility should be considered. ✅ Trading with the trend is still the top priority, 2 pinbars in time frame D also show that the market sentiment is leaning towards the bears. 💪 **Good luck trading!**
by TonyL0ng