BTCUSDExpecting bearish Head & Shoulder Patter.
Resistance = 65800, Supports = 65192.
Next Supports = 64800, 63900.
BEARUSD trade ideas
Bitcoin Bybit chart analysis October 14October 14 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
*Red finger movement path
One-way long position strategy
1. 64391.5 dollars long position entry point / green support line breakaway stop loss price
2. 66522 dollars long position 1st target -> Good, Great additional target price
Please pay attention to the real-time Nasdaq movement
Please use my analysis article only for reference and use.
Thank you.
Bitcoin buy given at 62000 enjoy huge profit target 69k sl 64500Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
BITCUSDENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Bitcoin Bybit chart analysis October 11Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
Here is the Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 9:30.
*When the red finger moves,
Long position strategy
1. After touching the 1st section of the purple finger,
$60,962.5 long position entry section / stop loss price when the green support line is broken
If it comes down right away without touching the purple finger,
Long waiting at the 2nd section at the bottom, $60,377 / stop loss price when the green support line is broken
2. $62,256 1st target -> Top 2nd target,
Good, Great 3rd target price
There is a possibility of a crash in Nasdaq,
Please pay attention until the main section is broken
Up to this point, my analysis is for reference only
I hope you operate safely with principle trading and stop loss price.
Thank you.
"Conquering Bitcoin: Over 2,000 Points Captured in a Single Trad"Just like I shared yesterday, this Bitcoin trade played out perfectly, capturing over 2,000 points! We saw a strong upward move and hit all the right levels. With precise entries and exits, this trade is another example of how important it is to stay ahead of market trends. Keep following for more such golden opportunities that deliver solid returns. We are here to conquer the crypto market!"
Bitcoin: BTCUSD surpasses 200-SMA barrier, focus on $65,450Bitcoin (BTCUSD) rises to a five-week high, crossing the 200-day Simple Moving Average (SMA) during a slow trading session on Monday, largely affected by holidays in Japan, the US, and Canada. Notably, Bitcoin formed a Doji candlestick on the weekly chart, hinting at a potential reversal of its losses from late September.
Further upside appears lucrative
In addition to the weekly Doji candlestick and Bitcoin's recent move above the key moving average, a bullish crossover on the MACD and a strong RSI (14) support BTCUSD buyers.
Key technical levels to watch
With Bitcoin (BTCUSD) successfully trading above the 200-SMA, buyers are gearing up for a challenge against a four-month-old descending resistance line near $65,450. The previous monthly high of around $66,500 also poses a barrier; breaking through this level could open the door for Bitcoin bulls to target the $70,000 mark, which was tested in July.
Conversely, sellers should watch for a drop below the 200-SMA, currently around $63,350. If this happens, the 50% Fibonacci retracement level from the June-August decline and an upward-sloping support line from early August, located near $60,800 and $58,750 respectively, will be crucial for buyers to defend.
US Dollar consolidation adds strength to bullish bias
In addition to the technical indicators, a quiet economic calendar this week and mixed data from the previous week could lead to the US Dollar’s retreat, which may help boost Bitcoin (BTCUSD) prices.
"BTC Trade Update: Massive 1264 Points Target Hit!"
Our community is rocking with this BTC trade! As promised yesterday, we’ve hit a massive 1264 points target, and the trade is performing exactly as predicted. If you've booked profits on this one, make sure to set the comment section on fire! I want to hear about all the gains you’ve locked in—let's get the energy flowing.
Share your profit screenshots and let me know in the comments! Stay tuned because I’ll be sharing more powerful trades soon!
BTC Live Trade Update! "BTC Live Trading: Swift Moves and Key Levels Explained"
Get ready for real-time BTC action! In this session, we'll dive into live BTC trades, marking essential support and resistance zones. Watch closely as we make lightning-fast decisions based on live market movements. Stay tuned for insights on entries, exits, and trade management—all in just a few minutes!
BTCUSE A head and shoulders pattern is used in technical analysis. It is a specific chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is highest.
The head and shoulders pattern forms when a stock's price rises to a peak and then declines back to the base of the prior up-move. Then, the price rises above the previous peak to form the "head" and then declines back to the original base. Finally, the stock price peaks again at about the level of the first peak of the formation before falling back down.1
The head and shoulders pattern is considered one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Key Takeaways
*. A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest.
*. A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal.
*. An inverse head and shoulders pattern predicts a bearish-to-bullish trend.
*. The neckline rests at the support or resistance lines, depending on the pattern direction.
Resistance = 62924, Support = 61839.
BTCUSD A head and shoulders pattern is used in technical analysis. It is a specific chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is highest.
The head and shoulders pattern forms when a stock's price rises to a peak and then declines back to the base of the prior up-move. Then, the price rises above the previous peak to form the "head" and then declines back to the original base. Finally, the stock price peaks again at about the level of the first peak of the formation before falling back down.1
The head and shoulders pattern is considered one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Key Takeaways
*. A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest.
*. A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal.
*. An inverse head and shoulders pattern predicts a bearish-to-bullish trend.
*. The neckline rests at the support or resistance lines, depending on the pattern direction.
Resistance = 62924, Support = 61839.
Actual Success Rates of Ascending and Descending TrianglesActual Success Rates of Ascending and Descending Triangles
Here is an analysis of the actual success rates of ascending and descending triangles in trading, based on the information provided:
Success Rates
Ascending and descending triangles generally have fairly high success rates as continuation patterns:
-The ascending triangle has a success rate of approximately 72.77%.
-The descending triangle has a slightly higher success rate of 72.93%.
These numbers come from a study that tested over 200,000 price patterns over a 10-year period.
Factors Influencing Success
Several factors can influence the success rate of these patterns:
-The trader's ability to execute the strategy correctly
-Market conditions at the time the triangle formed
-Market liquidity
-Overall market sentiment
Important Points to Consider
-Triangles are considered reliable continuation patterns, especially in trending markets.
-The ascending triangle in an uptrend is statistically more reliable than the descending triangle.
-To validate the pattern, the price must touch at least twice each of the upper and lower lines.
-An increase in volume during the breakout is an important confirmation sign.
Strategies to improve the chances of success
-Wait for the triangle to fully form before entering a position1.
-Confirm the breakout with a close above/below the resistance/support level.
-Use additional technical indicators to confirm the signal.
-Pay attention to the volume, which should increase during the breakout.
Conclusion
Although ascending and descending triangles have relatively high success rates, it is important to use them in conjunction with other technical analysis tools and to take into account the overall market context to maximize the chances of success.
BTC-15M.OB-SELL 7RR4H Correction trend and 15M OB, Expecting down side movement "7RR"
Let me know if works for you!
Bitcoin is headed to 52000? Most probably YES!Symbol - BTCUSD
CMP - 63017
The recent swings in BTC confirms the bearish market structure. After the 59K retest, the price rallies 7%. There is no technical or fundamental explanation for this price behavior - 6K down, 4K up, 5K down, 4K up within just 12-15 days.
Bitcoin is still trading within a sideways range of 65K - 52K. The last resistance retest ended in a false breakdown and a price drop of 11% to 59K. Also, the local change of the market character (price confirms the downtrend) to bearish and formation of the downtrend channel. Emphasis on resistance 63400, 64130, 65000, possible retest or false breakdown followed by downside realization as we still have not reached the key liquidity zones.
Important Resistance Levels as of now : 63400, 64130
Important Support Levels as of now : 61320, 59000
The price is testing the resistance zone as part of the rally. There is no accumulation or technical potential to overcome this area for further growth. Within the bearish trend, the buyer does not show dominant signs and with high probability it will be stopped in the key zone. A reversal and decline to the lower zone of the sideways range is possible.
P.S. : My short position is open & I will add more position at mentioned resistance levels. Targets for this short position will be 57800 & 52500.
BTC Trade Update : "BTC Rocket Ride: 669 Points Gained, Target i"BTC's price action has come close to hitting the first target. So far, the trade has delivered 669 points, showing strong momentum towards our anticipated levels. With price testing key support zones and facing resistance near 63,462, there's still potential for further movement. Keep an eye on the next levels for a possible continuation or pullback, as the 61,602 zone below could offer critical support if the momentum shifts."
BTC USD - WEEKLY - CUP & SAUCER PATERN - BULLISH Cup & Saucer pattern identified in BTC USD weekly chart. If the breakup happens bullish trend may continue .
BTC Target Hit! New BTC Selling Trade is Active Be Alert Great to see that your BTC trade hit the target! Now that it's time to take advantage of the live selling opportunity, let's assess the chart:
Current price: $63,281.41
The nearest resistance: around $63,400
There’s a stop loss level of $62,289.45, and you could aim for a new lower target around $62,800 if the selling pressure continues.
It seems the price is consolidating near resistance, so a reversal might occur. You can consider entering a short position now if the price shows signs of rejection near this resistance level.
What’s your plan for the next move on this setup?
Bitcoin Trade Update – Target Almost Hit!
Earlier, I shared this Bitcoin trade setup with precise entry, target, and stop levels. As you can see, BTC is approaching the target zone, with the price now hovering around $63,076.54. The trade is showing strong momentum, and the target is nearly within reach, a clear example of a well-planned strategy in action.
Stay tuned for more updates as we continue to track this trade to its conclusion. Make sure to monitor key levels for any significant moves!
BTCUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDBTCUSD SHOWING A GOOD D
UP MOVE WITH 1:6 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Bitcoin 1D Swing Trade Setup- Bitcoin is currently trading at 62,826$
- Bitcoin showed us an impulsive move yesterday where we saw BTC jumping from 59-63k straight
- Bitcoin in this impulsive move had made a Fair Value Gap on a daily chart
- For a Market Structure shift BTC needs to flip and make a weekly close above 66,598$
- If you are looking to build less leveraged longs then focus at 61,354$
- Market Structure will flip bearish once we see a weekly close below 58,000$
- If we look at the lows made recently BTC is still intact with a lower high structure the lows are also getting bought back impulsively
- Manage risk properly that's the ultimate mantra
12 October 2024 BTC Live Trade! Here’s a brief you can use with your analysis:
---
Bitcoin (BTCUSD) Analysis for Today:
In this chart, we can see a clear setup for Bitcoin trading. The price is holding near key levels, which could lead to potential opportunities.
I consistently provide such insights, and if you're following me, your support motivates me to share daily analysis and updates like this. Remember, it's essential to stick to the marked levels and use your own knowledge while trading. You don’t need any additional indicators—just trust the levels provided and trade accordingly.
For more insights and real-time levels, make sure to follow and stay tuned!
BTCUSD Key Resistance Zone: The chart highlights a strong resistance around 62,811 - 62,838 USDT, where price is expected to struggle to break higher. This area is a potential zone to look for sell setups if price retests it.
Support Zone: The green highlighted area around 60,000 USDT acts as a crucial support zone. The price is consolidating within this area, and the next move depends on whether it breaks below or holds above this support.
Bearish Scenario: If the price breaks below the support zone (around 60,000 USDT), the next target would be around 53,924 - 53,821 USDT (marked in red), a lower support area.
Bullish Retest: In case the price moves up and retests the resistance at 62,838 USDT, this could provide an opportunity for a sell-off, anticipating a reversal back down towards the lower support.
This chart shows a neutral consolidation with potential for either a breakout to the downside or a bearish retest of resistance.
