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Bitcoin Can Easily Move Lower or True Bounce In Place? i|AltcoinBitcoin (BTCUSD) can easily move lower... According to the signals coming from the chart above. My last analysis showed that the signals were weak and that Bitcoin could move down since it was rejected for the fourth time by strong resistance... You can see the full analysis here: Now, we are going to have a shorter-term look at the chart. Bitcoin (BTCUSD) on The 4H Time Frame / Scale First we have what appears to be a bullish engulfing pattern, a strong one, to push BTCUSD back above EMA10. () If the red trendline can be conquered, Bitcoin can easily move higher... but if it remains below it, as it is now, we can expect additional retrace. Trading back down below EMA10 (candle close is needed for confirmation). Bearish MACD and trending lower. RSI on the bearish zone and trending down. Retrace has gone to 0.5 Fib. of the last wave, can easily go lower to 0.618, 0.786 or 1. The GREEN trendline would support Bitcoins price if it turns upward. Feeling the market: Bitcoin can easily go lower, that's the feeling right now... The signals are above. Altcoins I mentioned the altcoins market in my last update for Bitcoin, which can be seen here , and that the alts would start moving from this point forward... Now... I am seeing more pairs on Binance producing very strong bullish setups that can produce massive impulse waves... Just watch... You can check my profile for some of those... Thanks a lot for the support. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
Bitcoin going to complete this head and shoulder pattern in Bitcoin at a Critical Juncture: Support or Head and Shoulders Formation? Bitcoin is currently at a pivotal level, testing the neckline of a potential head and shoulders pattern. Here’s what traders should watch for: Scenario 1: Bounce from the Neckline (Bullish Case) If Bitcoin holds support at the neckline, we could see a strong rebound. A successful bounce might lead BTC to retest resistance levels, potentially paving the way for a rally. Key levels to watch: Support: $96800 (neckline) Resistance: $98100 Scenario 2: Breakdown and Completion of the Head and Shoulders Pattern (Bearish to Bullish Case) If Bitcoin breaks below the neckline with strong volume, the head and shoulders pattern will likely play out. This could trigger a further decline to the measured move target, offering a possible buy-the-dip opportunity at lower levels. After completing the pattern, Bitcoin may regain momentum and resume its uptrend. Key levels to watch: Support : 94800
BITSTAMP:BTCUSD
by RRvsJC
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.
BITSTAMP:BTCUSD
by ramkkyy
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.
BITSTAMP:BTCUSD
by ramkkyy
Bitcoin Hits Record High: A Prime Moment for Investors?Bitcoin recently surged to a historic high near $90,000, capturing the attention of investors worldwide. This sharp increase showcases growing confidence in Bitcoin as a "digital gold" hedge against inflation, driven by economic uncertainties and increasing institutional backing from major firms like BlackRock and Fidelity. In my view, this could be an interesting entry point for investors considering Bitcoin. If it manages to break through current resistance levels, there’s a possibility it could push towards the $100,000 mark. However, Bitcoin's notorious volatility remains a factor, so caution is essential. It’s crucial for investors to consider the risks, think about diversification, and conduct thorough research before jumping in.
by Sanhara
2
Bitcoin Bull Run Setup and Retracement Areas - Bitcoin is currently trading at $75,973. - Donald Trump's victory in the elections is considered great news for crypto traders and investors. - Many believed that the market had already priced in a Trump win; however, on election day, Bitcoin reached a new all-time high (ATH). - Bitcoin has created small imbalances and fair value gaps with this recent surge. The $70,514 level appears to be a crucial zone we may revisit soon. - From an investment standpoint, it's advisable not to rush in; instead, wait for the market to retrace before deploying capital. - You can place limit spot buys in the range of $70,500 to $72,000. - Wait for Bitcoin to drop back to the $70,500 level for swing trading. - Altcoins are still yet to show their impulsiveness, meme coins, RWA, depin, AI are some cryptos that showed good parabolic signs - Manage risk and wait for a DIP
BITSTAMP:BTCUSDLong
by VKtradesimbalance
Bitcoin might have to COOL-OFFBitcoin has again fallen below the recent up trend line and the relation between price movement and the RSI in hourly chart of is falling apart. But it does not mean bulls are loosing their power. Everytime the price takes a rise, it has to either take a correction or consolidate in a particular zone to cool off or balance the RSI. Though it stands on the 100 MA, there are chances it might need the help of 200 MA to settle the score. There are chances the price of BTC might take a correction of about 2% and comes down to $63,230. Fear not, in the absence of any big on or off market activity affecting the price for negativity, the price of Bitcoin will surely bounce of the 0.618 level of Fib as this should provide 2 supports here : 200 MA and Price zone support. At this moment, 100 MA is holding it fine and if it stays even in this zone for a few hours, it will cool off and can start its upward journey.
by imvijaygir
2
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on BTCUSD It's showing a BEAR 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 bearish 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 fall 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 bearish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
COINBASE:BTCUSDShort
by tradergyan01
5
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN 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
CRYPTO:BTCUSDShort
by tradergyan01
BITCOIN SETUP TRADE WIH 1:5 RISK REWARDBITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good Buying 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 Buying 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
COINBASE:BTCUSDLong
by tradergyan01
Bitcoin Technical Analysis - Bitcoin is trying to take some support from the zone of 67,000$ - Bitcoin on a Daily TF looks different its trying to consolidate and find a support that can stop its further drawdown - The market from a technical perspective isn't portraying much bearish/bullish bias - One catalyst can bring down/up prices more - If you are looking for entries then I would highly recommend to wait for the weekends when you see prices filling back imbalances - 63,000-65,000$ WILL BE A VERY GOOD ZONE TO ACCUMULATE ALT/ETH/BTC
BITSTAMP:BTCUSDLong
by VKtradesimbalance
3
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