Bitcoin's Recent Surge and Potential OutlookBitcoin has experienced a significant surge in recent days, breaking through the $100,000 mark. This bullish momentum is evident on the daily chart, with the price forming higher highs and higher lows, a classic sign of an uptrend.
Potential Scenarios:
Continued Upward Momentum: If the current bullish trend persists, Bitcoin could continue to rally towards new all-time highs. Key resistance levels to watch include the psychological $110,000 and $120,000 levels.
Short-Term Correction: Given the overbought conditions, a short-term pullback to retest is possible. However, this could provide a buying opportunity for long-term investors.
Trading Strategies:
Long-Term Investors: Continue to hold Bitcoin and consider buying additional positions on any dips.
Short-Term Traders: Be cautious and consider taking profits on existing positions. If a pullback occurs, look for buying opportunities near key support levels.
Important Considerations:
Volatility: Bitcoin is a highly volatile asset, and price swings can be significant.
Market Sentiment: Positive news and developments in the cryptocurrency industry can fuel further price increases.
Regulatory Environment: Changes in regulations can impact the price of Bitcoin.
Btcusdtanalysis
BTCUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDBTCUSD SHOWING A GOOD
UP MOVE WITH 1:8 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
Bitcoin Trading Strategy for 18th November 2024Bitcoin Trading Strategy: Buy Above 91,500 / Sell Below 88,700
Current Price: 90,706.00 USD
Key Levels:
Buy Signal: If the price closes above 91,500 on the one-hour candle, it indicates an upward momentum, suggesting a good time to consider buying.
Sell Signal: If the price closes below 88,700 on the one-hour candle, it suggests a downward momentum, indicating it might be a good time to consider selling.
Market Analysis:
The current price is around 90,706.00 USD, indicating potential for both bullish and bearish activity based on the key levels.
Pay close attention to the range between 88,700 to 91,500 for support and resistance levels.
Recommendations:
Buy: If the price sustains above 91,500 on the one-hour candle close, consider entering long positions. Book partial profits at 91,300 levels or use a trailing stop loss to protect your profit, with targets at 91,800 and 92,500.
Sell: If the price breaks below 88,700 on the one-hour candle close, consider short positions. Book partial profits at 88,900 levels or use a trailing stop loss to protect your profit, with targets at 88,000 and 87,500.
Disclaimer: This analysis is for educational purposes only. Please conduct your own analysis before making any trading decisions.
Bitcoin Trading Strategy for 15th November 2024 IST 1630 HRSBitcoin Trading Strategy: Buy Above 89,800 / Sell Below 86,600
Current Price: 89,506.00 USD
Key Levels:
Buy Signal: If the price closes above 89,800 on the one-hour candle, it indicates an upward momentum, suggesting a good time to consider buying.
Sell Signal: If the price closes below 86,600 on the one-hour candle, it suggests a downward momentum, indicating it might be a good time to consider selling.
Market Analysis:
The current price is around 89,506.00 USD, indicating potential bullish activity.
Pay close attention to the range between 86,600 to 89,800 for support and resistance levels.
Recommendations:
Buy: If the price sustains above 89,800 on the one-hour candle close, consider entering long positions. Book partial profits at 89,700 levels or use a trailing stop loss to protect your profit, with targets at 90,000 and 90,500.
Sell: If the price breaks below 86,600 on the one-hour candle close, consider short positions. Book partial profits at 86,700 levels or use a trailing stop loss to protect your profit, with targets at 86,000 and 85,500.
Disclaimer: This analysis is for educational purposes only. Please conduct your own analysis before making any trading decisions.
SWING TRADE IN BITCOIN - TRADE ON SHORT SIDE FOR HUGE PROFITSymbol - BTCUSDT
BTCUSDT is currently trading at 68200
My reversal setup has formed in BTCUSDT & I'm seeing a trading opportunity on sell side.
Shorting BTCUSDT Futures at CMP 68200
I will add more position if 69000 comes & will hold with SL 70300
Targets I'm expecting are 65920 - 63300 - 60875
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD 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
A decending triangle patterns showing on BITCOIN A decending triangle patterns showing on BITCOIN
A short term 15m tradeing setup showing on BITCOIN
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
Also cryptocurrencies are follows priseaction in a good way
Follow for more please don't use more than one percentage of your capital
Follows risk reward
Tradeing rules
And be deceplened
Try to be a better trader
Love you all❤️
BITCOIN SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK REWARD BITCOIN SHOWING A GOOD UPWARD 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
BTCUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDBTCUSD SHOWING A GOOD D
UP MOVE WITH 1:6 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
BTCUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD BTCUSD SHOWING A GOOD
UP 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
A decending triangle patterns showing on BITCOIN A decending triangle patterns showing on BITCOIN
A short term 15m tradeing setup showing on BITCOIN
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
Also cryptocurrencies are follows priseaction in a good way
Follow for more please don't use more than one percentage of your capital
Follows risk reward
Tradeing rules
And be deceplened
Try to be a better trader
Love you all❤️
BTCUSDT: Brewing a Bullish Breakout?BTCUSDT is setting the stage for a potential breakout with a classic rounding bottom pattern on the weekly timeframe. Since March, the pair has been consolidating and recently a significant sell-off is seen from the 70,000 level. This price action suggests the formation of a handle, which often precedes a bullish breakout.
Key Levels to Watch:
Immediate Support: 50,580
Immediate Resistance: 68,250
If BTCUSDT inches toward completing this pattern, traders should monitor for breakouts beyond these key support and resistance levels. This setup could lead to a significant surge in momentum, so stay alert for any sudden moves!
Disclaimer:
This analysis is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Always do your own research and consult with a financial advisor before making any trading decisions.
BTCUSDT DAILY TFAs you see market is filling DAILY POI I already drawn on 15Jun23 @25755.67
That POI worked as a magnet! and we can see price mitigates there price started to fall -14.79%
And now price will fill imbalance which is @23986.92 to @20687.13 PLUS there is a another POI for long side! price will bounce there too.
After that we can expect a New High on BTCUSDT a breakout @32399 that's a previous high on 31May22
OR . . .
If price gives us a breakdown on that POI @20367.48 then price will move towards WEEKLY POI {SKY BLUE} @16812.95 in my opinion that's a strong POI from 21Nov22 is there and not mitigated once!
That means BTC is FILLING FUEL we can see a BULL RUN!
THOSE WHOEVER READING THIS COMMENT YOUR THOUGHT
SMC
BTCUSDT WEEKLY TIME FRAME@69198.7 All time HIGH on 08Nov2021
Marked few levels those are HIGH on weekly TF Second HIGH @48248.5 on 28March2022 Third HIGH @32446.5 on 30May2022
If market gives us a proper breakout @32446.5 then we can expect a little BULLRUN towards second high @48248.5
Right now price is between @31623.4 - @29491.1 market looks good on weekly TF
Previous week candle is a DOJI CANDLE that means buying momentum is slowing down. As the BULLS lose steam BEAR regain some control into the close of the candle with selling pressure.
But it can also be momentary indecision and the market may continue to move in the some direction afterward.
Marked 2 POI first POI @12210.7 second POI @22998.9 this 2 POI is for BUY SIDE!
If we see a Rejection or Fake Breakout @32446.5 then price will come to mitigate @22998.9 and then we can see a proper breakout @32446.5
@3621.8 All time LOW on 09March2020
WHOEVER READING THIS COMMENT YOUR THOUGHT THANK YOU!
SMC
Btc analysis bearish divergence on its daily TF with sup & resisIf we compare BTC's current ascending chart pattern to past patterns, we can see that for an upward trend, we would need a powerful rally to break the upper trend line. However, when we look at the RSI indicator, we see a bearish divergence, as the graph is going down while the price is going up.
Therefore, it is important to keep an eye on the RSI as well. If the breakout goes down, I have already marked some areas where you can enter the spot if you choose to do so. I am also attaching a chart to show the reason.
Bearish divergence
A bearish divergence occurs when prices continue to form higher highs (typical in a bull market) while your oscillator (in this case an RSI) is forming significantly lower highs (indicating weakness in the trend.)
Please let me know if you would like me to clarify anything further