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BTCUSDT

BTC LongI was shorting BTC from 70k. You can check my previous posts. Now, we might see a change in trend. The CME Gap will be filled at 64210, where I plan to close 80% of the short position and initiate buying orders. The levels to watch include 64210, 63411, and 61051. As for the stop-loss, it's undetermined at this stage, and I'll provide updates upon closing my positions. While this move is expected, there's a possibility of further downside, so trade cautiously and at your own risk.
CME:BTC1!Long
by Rushilism
👑Bitcoin Analysis: Trading Amid Price Correction📉🔍Today is Tuesday, and it's a favorable day for trading. The cryptocurrency I'm analyzing today is Bitcoin. In the initial candle of the day, Bitcoin experienced a downward movement of around 6%, reaching a support level of $63,054. We need to observe its behavior in the subsequent candles around this support level. 🌊From a Elliott Wave Theory perspective, we've seen a reversal in the lower wave cycle on the 4-hour chart, indicating a minor downturn. However, in the higher wave cycle, Bitcoin remains predominantly bullish, and this correction appears to be a minor adjustment necessary for subsequent upward movements.It's important to note that these corrections on higher time frame charts can shape long-term trends, potentially providing profitable opportunities on lower time frame charts like the 4-hour. 💪The latest key level where price bounced back is around $68,100, forming a strong Potential Reversal Zone (PRZ). This zone coincides with the Point of Control (POC) indicator of the fixed range volume profile, the 0.38 Fibonacci retracement level of the downward wave, and the resistance line of the Elliott Wave Theory. Additionally, the golden cross of the SMA7, 25, and 99 further strengthens this zone. 📊The volume of red candles confirms the short-term downward trend but currently doesn't show any weakness. We need to monitor how the volume behaves in case of a correction. ✅For traders holding short positions, consider taking profits if the price finds support at $63,054. Otherwise, exercise patience and wait for a potential drop to $60,849. If the price sharply rises, take pleasure in your profits. For risk management, set your stop-loss if the sharp upward movement occurs, as it could happen easily due to the overall bullish trend. 📉If you don't currently have a position, wait for the market to establish a new structure before taking any action. If you're unable to wait for a new structure to form, consider opening a short position when the RSI enters oversold territory. However, be aware that this is a risky move. By considering these factors, traders can identify potential trading opportunities amidst Bitcoin's price correction. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
BTC DEEP ANALYSIS Accumulation phase has finished. Read the chart and study it how they Manipulate market after breaking out of range for the long time. After accumulation it always do fake BREAKOUT. Manipulation phase has started Currently hunting sell side liquidity People will be shorting it for 20k target but they will be rekt soon. When it start pump and cross above the red box, people will be long on BTC and it will be dumped back below box and suddenly we will see huge green candles that we can't even catch the trade😅 Don't trade futures till btc enters accumulation zone again...go for spot entries for now. Boost 🚀 if you liked this content which never been talked about.
by Akshay_Gour
Charting the Future: $BTC HTF Analysis (2024-2026)Bitcoin recently hit a new ATH of around $74k and is now showing signs of forming a local top before a potential correction. There is a significant amount of liquidation expected below $50,700. The next $Bitcoin halving is predicted to occur on April 21, 2024. The first support level is at 60k, followed by support around 40k. A correction to 50k is expected before potentially reaching 100k. Buying below 60k could be a good opportunity. Sell after the second quarter of 2025. In my opinion, do your own research before making any decisions. Good Luck! CRYPTOCAP:BTC
COINBASE:BTCUSDLong
by femtoxbt
1
BTCUSDT Trading Strategy for BTCUSDT: BTCUSDT continues to show notable stability, maintaining a high price above $66,000 this Thursday. In the short term, BTCUSDT is trending sideways, with significant resistance levels identified at $67,500 and $68,700. Clear support levels are marked, and the 34 and 89 EMA lines are displaying a strong upward trajectory in the near future. As long as the crucial support level of $60,000 remains intact, the bullish camp is prepared to maintain its advantage during this phase.
Long
by RKarina
BTC Bitcoin Sell-Off and COIN Coinbase potential HackIf you haven`t bought BTC before the rally: Then you need to know that today Coinbase's trading engine experienced a disruption during ETF trading hours, causing a significant impact on individuals actively trading Bitcoin on the platform and leading to a substantial drop in its price. The aftermath of the incident saw the price recovery after ETFs purchased actual Bitcoin for the next trading day (T+1). However, questions arose regarding the cause of the price decline. While Coinbase's outage played a role, suspicions arose about other exchanges possibly exerting considerable selling pressure. The speculation was whether Coinbase was the main stabilizing force and if there were other irregularities in play. Concerns escalated, leading to speculation about a potential Hack on Coinbase. Users reported missing assets, and both phone and chat support were inaccessible during a critical market moment. The situation highlighted the vulnerability of relying on centralized exchanges, emphasizing the importance of having control over one's private keys to ensure ownership and security of crypto assets. The overall consequence was a market downturn, signaling a potential local top. My Price Target for Bitcoin is $51K.
Short
by TopgOptions
1
Bitcoin Analysis: Path to Resistance Breakdowns Across Multiple Bitcoin Analysis: Path to Resistance Breakdowns Across Multiple Timeframes Abstract: Bitcoin (BTC) continues its price journey, displaying resilience as it approaches key resistance levels on various timeframes. This analysis revisits BTC's recent movements, highlighting its confirmation of support and subsequent challenges at critical resistance points. Insights are provided for potential scenarios upon breaching these resistance levels. Introduction: BTC's recent price dynamics have attracted significant attention among traders and investors. Building upon previous analysis, this report examines BTC's current state, emphasizing the confirmation of support and the potential scenarios upon approaching and surpassing notable resistance levels. Analysis: 4-Hour Timeframe: BTC successfully confirmed support around $59,980 and has shown a bullish trajectory towards the $59,980 resistance level. A break above this resistance could signify further upward momentum, potentially setting the stage for challenging higher resistance barriers. Daily Timeframe: Upon breaching the $59,980 resistance, BTC faces a significant hurdle at $63,398 on the daily timeframe. This level has historically acted as a formidable resistance, often leading to price retracements or consolidations. Traders should closely monitor BTC's price action for signs of strength or weakness around this critical level. Weekly Timeframe: On a broader scale, BTC encounters a substantial resistance zone around $65,632 on the weekly timeframe. This level represents a culmination of long-term trends and market sentiments, making it a pivotal point for BTC's price trajectory. A successful breakout above this resistance could signal a bullish trend continuation, while failure to do so might invite prolonged consolidation or corrective moves. Conclusion: Bitcoin's price analysis reveals an intriguing setup across multiple timeframes, with emphasis on key support and resistance levels. Traders should remain vigilant as BTC approaches critical resistance barriers at $59,980, $63,398, and $65,632. Breakouts above these levels could pave the way for further upside potential, whereas failure to breach them might lead to consolidation or retracement. As always, risk management and strategic decision-making are paramount in navigating the dynamic cryptocurrency markets.
by nawaab001