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Bitcoin (BTC/USDT) Short Position!Hello Cryptonauts, In the BTC/USDT pair we have the formation of a descending triangle (a continuation pattern). Added to that, we have a bearish flag. Using the flagpole size we can target our short position at ~18541. The price failed to breakout the smart money level (dashed line), which corroborates our short position. However, we have support at ~19501 so we can start a trailing take profit from the support level if it doesn't break down. Our stop-loss will be at ~20115 above the pivot level (~20038).
Short
by cryptosrocket
BTC/USDT: Bullish Breakout Targets $100,000. Bitcoin has surged to $98,312 after breaking out of a bullish pennant pattern, signaling strong upward momentum. This classic pattern, formed during a consolidation phase, has paved the way for a sharp continuation of the prevailing uptrend. The breakout shows that buyers are firmly in control, with the next immediate target being the psychological level of $100,000. If this level is cleared, BTC could extend its rally to $105,000. For traders, pullbacks to support zones around $95,000 offer potential buying opportunities, with stop-loss levels set below $89,500. With strong momentum backing the move, Bitcoin looks poised to achieve new highs in this bullish phase.
Long
by Sanhara
2
BTC/USDT 4HOUR TECHNICAL ANALYSISWelcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart . BTC is trading around $62.600 the support is $60000 and $59000 OR 21 ma and resistances level is $63600. Breaking down below $60k will be a red alarm for the market and a break out above the 630000 will be all good for the market. If its breaks the 21ma and $60000 support level then the chart will be invalid. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
by CRYPTOMOJO_TA
#BTC's Bullish Pattern: Double Bottom Sets Target at $64k! 📈#BTC/USDT forming a double bottom, bouncing from an important trend line, and making a bullish divergence, with a potential liquidity grab around $74k: --- **Title: #BTC/USDT Double Bottom Formation with Bullish Divergence: Targeting $74k** **Description:** **#BTC/USDT Analysis** **Pattern Formation:** Bitcoin (BTC/USDT) has recently formed a classic double bottom pattern, a strong bullish reversal signal indicating that the downtrend might be coming to an end. **Trend Line Support:** The double bottom is further validated by BTC's bounce from a crucial long-term trend line, reinforcing the bullish sentiment. This trend line has historically acted as a significant support level, providing a strong foundation for the current rally. **Bullish Divergence:** Adding to the bullish outlook, #BTC has also shown a bullish divergence on the RSI (Relative Strength Index). While the price made lower lows, the RSI made higher lows, suggesting a potential reversal in momentum. **Price Target:** If Bitcoin continues to follow this bullish trajectory, we can expect a significant move upwards. Given the strength of these combined technical signals, the next major liquidity zone is around $74k. This target aligns with previous resistance levels and potential Fibonacci extension levels, making it a logical area for price to reach. **Key Levels to Watch:** - **Support:** The immediate support level is the trend line around GETTEX:48K - $50k. - **Resistance:** Initial resistance levels are around $60k and GETTEX:64K , which are critical to breaking for further upside movement. - **Target:** The primary target is the liquidity grab around $74k, which could act as a significant profit-taking zone for many traders. **Trading Strategy:** - **Entry:** Consider entering long positions on retracements to the trend line support or on confirmed breakouts above $64k. - **Stop Loss:** Place stop losses below the trend line support or recent lows to manage risk effectively. - **Take Profit:** Gradually scale out of positions as price approaches $74k, adjusting stop losses to secure profits. **Conclusion:** With the double bottom formation, support from a crucial trend line, and a bullish divergence, BTC/USDT is showing strong bullish signals. Traders should monitor these levels closely and prepare for a potential rally towards $74k. Remember to manage your risk and stay updated with market conditions as Bitcoin continues its upward journey. Happy trading! --- **Chart Notes:** - Highlight the double bottom pattern. - Draw and emphasize the important trend line. - Mark the bullish divergence on the RSI. - Indicate key support and resistance levels. - Plot the target zone around $74k.
BINANCE:BTCUSD.PLong
by crypto_vulture_signals
1
BTC/USDT Bearish for Short term/ Mind term There are multiple factors for the bearish market 1. BTC made a Head & Shoulder pattern on 1 HR time frame. 2. As we all know, September is not good for BTC. The prices retested the 60800 resistance, which we broke after a past dump 3. BTC broke a trendline on 1hr time frame and 4HR time frame. 4. It is taking support on 200 MA Once BTC breaks the MA and gives the closing below,, you can take safe entries and Short BTC. Please note the profit you make from Future reinvest and buy BTC on Spot because, ultimately BTC is on a bullish mode For more update follow me on TV.
Short
by intelligentSto81389
1
Bitcoin Urgent market Update about RejectionBTC/USDT Urgent Analysis ➡️ Current Situation: BTC has faced rejection at a higher high (HH) and is testing the resistance trendline (TL). ➡️ Bearish Scenario: There’s a possibility that BTC may retest the $57,000 range. ➡️ Key Levels to Watch: - $64,500: Crucial level! Breaking above this indicates a bullish move towards $100K. - $65,540: Place your stop loss here if you have open short positions (avoid high leverage). - $67,300: The last HH level. If BTC breaks this, the HH/HL pattern is invalidated, signaling a bullish rally towards $100K. Stay alert and manage your positions carefully!
Short
by CryptoPatel
3
BTC/USDT ~ Weekly Overview BTC continued its rangebound momentum between the price level of FWB:25K to FWB:27K during the past week. On the Fibonacci retracement table, it has formulated a resistance zone between the 0.5 FIB level and the 0.382 FIB level. However, the RSI level reflects a sudden uptick (57.07) after avoiding a dip towards the oversold region. If the level is able to cross and sustain above 60, we can expect the world’s largest digital asset to retest the crucial psychological mark of $30K again. The directional movement index suggests that there can be sustainable positive momentum for BTC as +DI (23) looks at the potential to have a positive crossover against ADX (28) and -DI (25.61). Overall, the resistance levels for BTC can be placed at FWB:27K and $29K. On the other hand, support levels can be placed at FWB:25K and FWB:23K , respectively.
COINBASE:BTCUSDLong
by TradeDog-Research
BTC/USDT 2HOUR ANALYSISWelcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures . I have tried my best to bring the best possible outcome in this chart . There’s nothing to panic. BTC is still at the support. Looks like a retest and we expect a bounce from this level. In case if BTC breaks down below this support 1 level then we can expect BTC to support 2. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
by CRYPTOMOJO_TA
BTC USDT 4hr, bearish divergenceThe last time we had bearish divergence, BTC dropped quite well, and we can't say that there will be a huge dip again, (manipulation can happen, and neither of us can predict that). Two entries I am looking at is 45.2k and 46k. It never retested the marked support zone which can possibly happen, and it should, as it will be healthy for a upwards movement. If BTC pushes above 50k than this will be invalidated. The ETF approval was postponed from the SEC which is neither bad or good, however, ETFs being approved are going to work as catalyst if we need a new ATH in BTC, and if they are not approved, we can see further drops, with lower lows and lower highs. The plan right now is to use tight SL if you open any new positions, and put SL in profit zones with your existing positions.
Short
by strellar
BTC/USDT Price prediction on daily chart.BTC has emerged to be the Alpha of crypto market industry. After making higher high, BTC is unable to sustain $60,000 level. This level has been tested multiple time and it seems to be that the momentum in the market is getting low. On daily time BTC is sustaining above 200 ma but it has failed to break the highs and according to price action pattern we can observe a formation of RISING WEDGE PATTERN. Rising wedge pattern is a REVERSAL PATETRN which indicates a potential reversal from the high zone & a shift in volume from buying to selling. Also looks at the MACD indicator that helps you to identify divergence between the price and momentum indicates that there divergence happening and we can possible see some bearish movement in coming days. Our first target is 52000-52500. Trade safe. Look for some news while entering.
Short
by Trademint08
2