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Btcusdtrade

Concerns about interest rates put pressure on BitcoinThe world's largest cryptocurrency once surpassed the $100,000 mark thanks to a prolonged recovery from the late December drop. However, losses on Tuesday and Wednesday wiped out this recovery entirely, bringing Bitcoin back near its late December lows. Bitcoin fell 0.3% to $96,607.7 at 12:49 AM ET (5:49 AM GMT), after losing more than 5% on Tuesday. Bitcoin also faced profit-taking pressure after an impressive 2024. Most of Bitcoin's gains followed Donald Trump's victory in the presidential election, as he promised to implement pro-cryptocurrency policies. However, the cryptocurrency market is now awaiting further signals on Trump’s policy plans as he assumes office on January 20. December’s Purchasing Managers' Index (PMI) data, while painting a brighter picture of the U.S. economy, also raised concerns that inflation may persist in the coming months, giving the Fed more reason to reduce interest rates gradually. The central bank downgraded its rate-cut forecasts for 2025 in its December meeting, citing concerns about persistent inflation and confidence in the labor market. Fed officials reiterated this message earlier this week. Prolonged high interest rates are unfavorable for speculative assets like cryptocurrencies, as they limit the liquidity flowing into this sector. This trend hurt the cryptocurrency market throughout 2022 and much of 2023. CFD Trading Strategy with BTC The larger trend on the H4 timeframe is showing the formation of a parallel descending channel, with strong bearish candlestick closures on both H4 and D1. The analyst's view remains to wait for price retracements to key resistance levels and main FIBO levels to look for SELL opportunities. SELL ZONE: 96,750 - 97,250 SL: 99,000 TP: 94,000 - 92,500 - 90,000 - ???? Strictly adhere to the Take Profit (TP) and Stop Loss (SL) levels to ensure account safety. GOOD LUCK!
BINANCE:BTCUSDShort
by KevinNguyen-SimpleTrade
BTC has fallen sharply since returning to $100,000Bitcoin funds experienced a strong net outflow of approximately $543 million after two consecutive days of inflows amounting to nearly $1 billion daily. This withdrawal coincided with Bitcoin's continued testing of the $100,000 resistance level, indicating that profit-taking demand at this price zone remains high. The inability to sustain capital inflows and maintain the price above $100,000 poses a significant challenge for the funds. Based on my observations, capital outflows at this price level are not a new phenomenon. This time, most funds experienced net withdrawals. This could reinforce the likelihood that Bitcoin may continue a consolidation phase around the $100,000 mark. Buy orders are scattered across rounded price zones like $94,000, $93,000, $92,000, and $90,000, which remain long-standing and heavily anticipated levels. The low trading volume at these levels suggests investor uncertainty, with many avoiding holding positions over multiple days, reflecting a lack of confidence. The BTC strategy remains in a strong upward trend on larger time frames, so wait for corrections to the noted support zones to consider potential BUY opportunities. On shorter time frames (H1-H2), the trend is showing a downward wave, so in the short term, wait for prices to retrace to the lower support zones before entering BUY positions. Trading Strategy SELL ZONE: 97,370 - 97,570 SL: 98,000 TP: 95,450 - 94,750 - 93,250 - 92,000 BUY ZONE: 92,200 - 92,050 SL: 91,500 TP: 93,000 - 93,750 - 94,500 - 96,000 - ???? Stick to proper volume and manage your positions carefully. Always adhere to the set TP/SL levels. Be cautious today as significant USD news (ADP Nonfarm data) is expected—ensure the safety of your account.
BITSTAMP:BTCUSDLong
by KevinNguyen-SimpleTrade
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARDBTCUSD SHOWING A GOOD DOWN 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
CRYPTO:BTCUSDShort
by tradergyan01
5
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
CRYPTO:BTCUSDLong
by tradergyan01
3
How would Bitcoin react? Btc/Usdt Chart analysis Bitcoin on Hourly chart is has formed HH & HL (HIGHER HIGH, HIGHER LOW). Trend is definitely bullish but after a massive move every assets goes for a correction. Looking at hourly chart we can see that Bitcoin is trading in range bound and it need to take any side liquidity for any trade to be executed. For buy we would suggest to wait for the ATH (All time high) to be breaken out. So sell side we would suggest to wait for a MSS( Market structure shift). Weekends are usually slower for Crypto market. We will wait for the first Asian session of the day to start and will trade plan accordingly
by Trade_lyst
1
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!
Short
by akshit_official
3
BTCUSD SHOWING A GOOD D UP MOVE WITH 1:7 RISK REWARDBTCUSD 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
3
BTCUSD SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK REWARDBTCUSD 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 TAKE CARE
CRYPTO:BTCUSDLong
by tradergyan01
1
Bitcoin at a key pivot level on the daily chart Bitcoin took support at the neckline of the head and shoulder pattern and now is back to the former resistance levels from where it fell. This is a key pivot level and any break above this will open up a substantial upside for the crypto currency. We have also been getting a good rally in the equities and is there now a case when the riskier assets are being favored? There is the powell testimony today and that will move the counter for sure. But for now and from a technical perspective this rally on the daily chart means the uptrend is intact and that we are more likely to get a breakout than get a breakdown from here on. So wait for any break above the level and then go long.
BITSTAMP:BTCUSDLong
by anshuman_05
2
BTCUSD possible Elliot wave counts of bitcoinHello Friends, Here we had shared possible Elliott wave counts of BTCUSD-BITCOIN on 4 hourly chart, in which we can see post bottom formation in November 2022, bitcoin had started motive journey towards north direction as a fresh impulse wave. In which we had completed wave (1) & (2) and now we are unfolding wave (3), in wave (3) we had completed wave 1 & now possibly we are unfolding wave 2, in which we are having subdivisions as wave (a), (b) & (c), here we are possibly in wave (c) right now, post completion of wave (c) we can assume that our wave 2 should be complete and fresh impulse as a wave 3 should start towards north direction. whereas invalidation level is mentioned on chart at 19569 because wave 2 will never retraces more than 100% of wave 1 as a wave principles. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
BITSTAMP:BTCUSDLong
by RK_Chaarts