BTC Target Reached, 0.5 Fibonacci Retracement after TL BreakoutBitcoin reached the 0.5 Fibonacci Retracement level after a Trendline Breakout. I shared this analysis on September 30th.
BITCOIN trade ideas
Bitcoin good pattern formed 64k possible SL 60800 Disclaimer -
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
BITCOIN ( BTCUSD ) GANN DAILY CHART UPDATE FOR OCTOBER 2024Squaring the highs of 29 July 2024 we had a important level of 69750 then. Below which important level was 63000. Next important levels were 56250 and 51750. Both were hit on down move. Upmove needed to clear 65999 level and failed there. Down move following it missed the level of 51750 and above 56250 another upmove was seen. Had we breached the level of 51750 then 49500 was on cards as per earlier readings on the chart in the previous upate here. As that did not happen we saw upmove till the important levels of 65999 again. High was 65508 on 27 July 2024 an important date on charts. Currently staying above 60750 is important. Breach of 59999 could see more fall on it till 56250 again if 58500 is taken out. 05 October 2024 and 17 October 2024 are important dates for this month.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the programme for this opportunity to use it freely to express our ideas to the community of traders.
IMPORTANT Macroeconomics: What is the trade balance?IMPORTANT Macroeconomics: What is the trade balance?
The trade balance is an important economic indicator that can have a significant influence on the stock markets.
Here is a simple explanation of this concept and its potential impact:
What is the trade balance?
The trade balance represents the difference between the value of a country's exports and imports over a given period.
In other words:
- If a country exports more than it imports, its trade balance is in surplus (positive).
- If a country imports more than it exports, its trade balance is in deficit (negative).
Impact on the stock markets
The influence of the trade balance on the stock markets can vary depending on whether it is in surplus or deficit:
Trade balance surplus
A trade surplus can generally have a positive impact on the stock markets:
- It indicates strong competitiveness of domestic companies in international markets.
- It can strengthen the value of the national currency, which can attract foreign investors.
-Exporting companies may see their shares increase in value.
Trade deficit
A trade deficit can have a negative impact on stock markets:
-It can indicate a weakness in the domestic economy or a loss of competitiveness.
-It can weaken the domestic currency, which can discourage foreign investors.
-The shares of companies dependent on imports may be negatively affected.
Important nuances
It is crucial to note that the impact of the trade balance on stock markets is not always direct or predictable:
-Overall economic context: Other economic factors can attenuate or amplify the effect of the trade balance.
-Investor perception: The reaction of the markets often depends on how investors interpret the trade balance figures in relation to their expectations.
-Specific sectors: Some sectors may be more affected than others by changes in the trade balance.
In conclusion, although the trade balance is an important indicator, its influence on stock markets must be seen in the broader context of the economy and investor sentiment.
BTC READY TO HIT 68500Bitcoin has formed a double bottom pattern, and the RSI is moving out of the oversold zone, confirming a potential upward trend. My targets are $63,000 and $68,500.
Bitcoin Bybit chart analysis September 30Hello
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 2:55 AM.
Nasdaq is likely to move sideways,
and Bitcoin and Tether dominance are the problem.
The key to today's strategy is the decline of Tether dominance in line with the Nasdaq's rebound section.
Tether dominance is in an upward trend.
I created today's strategy according to the sweep or gradual decline of Tether dominance.
*Red finger movement path
Long position strategy
1. $63,279 long position entry section / cut loss price when the green support line is broken
2. $65,265.5 long position 1st target -> Gap, Good, Great
Final target price up to the red vertical line on the right
The rising wave in the middle is a long position profit-taking and re-entry,
I think it would be good to use it in real time.
We even operated the possibility of a Gap section reversal at the top.
The beat is currently in a vertical decline.
As of the current point in time when the 5-minute trend change has occurred,
The purple finger section 1 indicated at the top
is a minimum upward wave.
It would be good if short->long progressed to the bottom,
and if it comes down right away from the current position,
the final section 2 is the long position entry price.
If you look at it the other way around,
63.2K will gradually decline based on the Tether dominance, and the section 2 will be swept away, right?
If it falls right away from the current position without a minimum wave,
it will be connected to a vertical decline, so you should be careful.
(Bollinger Band 5-minute resistance line touch section)
The green support line is a meaningful section,
so it is best not to deviate from the long position position.
Since it is almost the same as the initial long position entry price,
we proceeded with a stop loss price with plenty of room.
The Bottom section at the very bottom is
the major support line that everyone knows
6+12 section.
If you drag up and down,
I've drawn the major support and resistance lines up and down
and you can check the major prices, so I think it would be good to use it in real time.
More than anything, the movement of Nasdaq is important.
Up to this point, I ask that you simply use my analysis for reference and use
I will see you tomorrow, Tuesday, after the holiday, on Wednesday.
Thank you for reading today.
Where BTC is heading nextI don't know why you guys are getting too negative and too positive and leaving your plans behind
What I believe is happening in this industry is that most people are dependent on the influencer and waiting for them to predict the market, and based on their predictions, they decide whether the market is bullish or bearish.
Let's go deep down and understand the market's recent scenario. Most people have heard about SMC concepts. As clearly shown on the chart, the market dipped down with big candles, filled the fair value gap, and got a rejection from the order block. This happens three times from the exact order block.
This is not completely about the war but this was anyhow going to happen. Don't get overwhelmed and get bullish on BTC until it breaks the Higher high on the 1 Day time frame. Let's wait for that and plan the long positions.
Will Bitcoin Continue Its Rise?When the BTCUSD 8-hour chart is examined; It is observed that the price movements continue above the support zone. As long as the crypto's 57803 level is not broken down, it is evaluated that the price movements above the 59171 level can exceed the 63223 level and target the 66250 level.
Bitcoin Swing Long Update & Levels- Bitcoin is currently trading at 61,739$
- Bitcoin has filled my Fair Value Gap, I want to see the reaction and its behavior after this
- We can see a Market Structure shift below 57,500 if we witness a weekly candle below that and the structure is going to turn bearish
- Watch out for Spot Accumulation around 58,000-60,000$
- Bitcoin can move impulsively from here as well if the War news gets digested and we see markets bouncing back by next week
- The first 2 weeks have always been bearish for the overall crypto market so we need to factor in the same.
BTCUSD at support regionIt taken support at bottom and start moving upside. This is for educational purposes only.
Bulls Fight to Defend Key Support, Will BTC Rise?
Amid rising geopolitical tensions, Bitcoin has suffered a sharp decline, dropping to the critical 200-day EMA level.
At the time of writing, bulls are barely holding on, struggling to defend against the mounting pressure from bears, who are currently in control.
If Bitcoin breaches the 200-day EMA, the trend could shift decisively in favor of the bears, with potential support levels at $60,000 and $58,000 coming into focus.
However, if tensions ease and market sentiment improves, bulls could stage a recovery from the 200-day EMA. In such a scenario, upside targets would include $64,000 and $67,000, providing a potential pathway for Bitcoin to regain its footing.
Bitcoin ready for fall till 58k ,cmp 63200 sell on rise Bitcoin ready for fall to 58000 and below sell on every rise cmp 63200 , support and resistance levels mentioned on chart
Disclaimer -
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
Bitcoin sell on rise Support resistance on chartDisclaimer -
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
Bitcoin Bybit chart analysis September 25Hello
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.
*This week, due to circumstances, I will share the analysis article until today
and return on September 30th.
I ask for your understanding.
This is the Bitcoin 30-minute chart.
There will be an announcement of the Nasdaq indicator at 11 o'clock in a little while.
A 12-hour chart MACD dead cross was engraved a little while ago.
Nasdaq strong rise, Tether dominance moving in the opposite direction of Bitcoin
With a strong decline condition,
September 24th closing section,
I created today's strategy by connecting the purple finger 64,330 dollar short position entry section on the upper left.
*Red finger movement path
Long position strategy
1. 63602.5 dollar long position entry section / green support line breakaway stop loss price
2. 64613.5 dollar long position 1st target -> Top 2nd -> Good 3rd
I marked the sky blue finger section at the top
If you touch this section first,
the 63.6K long position entry section will be applied more advantageously.
If you do not touch the support line of the 1-hour Bollinger Band chart,
a strong decline may occur in Tether Dominance.
From the 1st section, orange resistance line breakaway, an upward trend can be connected,
and the 2nd section at the bottom is a sideways market,
but if you break away from this section,
you may fall to the 6+12 section that comes back, so please note.
If the strategy is successful along the red finger movement path,
I left an additional long position entry section in the middle,
so you can use it.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with principle trading and stop loss prices.
I will see you next Monday.
Thank you.
Bitcoin: BTCUSD tests 7-Week uptrend as September wraps upAfter three weeks of gains, Bitcoin (BTCUSD) kicks off the NFP week on a down note. It’s testing the 50-SMA support and approaching the lower end of its seven-week uptrend. Along with the US employment report for September, including the key Nonfarm Payrolls (NFP), Monday's speech by Federal Reserve Chairman Jerome Powell will be crucial for market watchers. Stay tuned!
Buyers are struggling to gain traction, while sellers are still holding back
Whether it's pre-event nerves or month-end consolidation, Bitcoin buyers are struggling to gain market acceptance as the key week begins. Bearish MACD signals and the price's inability to hold above the 61.8% Fibonacci retracement from July to August are tempting short-term sellers. However, a quick drop in the RSI (14) and strong support levels below make it tough for bears to regain control.
Technical levels to watch
In the short term, the bottom of the bullish channel around $64,050 is a key support level for potential sellers. Below that, the 200-SMA near the $60,000 mark acts as the last line of defense for buyers. If Bitcoin (BTCUSD) falls below $60,000, a gradual decline toward the monthly low around $52,500 could be on the horizon.
For a rebound, Bitcoin needs to break past the 61.8% Fibonacci retracement level at about $65,650. If successful, the monthly high of $66,500 and the upper boundary of the bullish channel around $68,900 will attract buyers. If Bitcoin moves past $68,900, it could quickly surpass $70,000 and aim for the yearly high of around $73,800 set in March.
Pullback in prices expected
Looking ahead, a potential bounce in the US Dollar and some price consolidation could lead to a pullback in BTCUSD. However, the overall bullish trend is likely to continue.
BTCUSD: Key Levels and Projections Based on Elliott WavesBTCUSD has formed a corrective pattern on the daily timeframe, identified as a W-X-Y structure with seven distinct waves. The price found support at the 200 EMA, reaching a low of 49,57 7 before bouncing back. The sub-waves within this structure are clearly visible, with wave (1) and wave (2) completing at 62,729 and 52,546 respectively.
Currently, BTCUSD is encountering strong resistance at the upper boundary of the corrective channel, posing a significant challenge for bullish momentum. Although wave (3) has managed to rise above wave (1), it has not yet confirmed a strong bullish breakout. To establish a decisive upward move, wave (3) needs to hold above wave B and breach the upper boundary of the channel. The breakout can help the price to get 100% of the whole correction.
Failure to break out of this resistance zone could result in the corrective structure extending into an X-Z formation, leading to a prolonged consolidation phase. This would suggest more time is needed for the pattern to play out, causing frustration for traders looking for a clear bullish trend.
We will provide further updates to our followers soon.
- Trade technique by KP
BTCUSD SWING TRADEOverview: Expecting strong selling pressure in Bitcoin, targeting key support levels.
Entry Point: Initiate a short position at the current market price.
Targets:
First target at $64,289
Second target at $62,706
Stop Loss: Set above recent highs to manage risk effectively.
Rationale: Anticipating downward momentum based on market indicators and potential resistance at higher levels.
Tapping 15-Minute Order Block with 5-Minute FVG RejectionWe observed the market tapping into a key 15-minute order block, indicating potential buying or selling pressure. Additionally, price action has recently rejected from a 5-minute Fair Value Gap (FVG), further confirming our setup. This presents a compelling opportunity for a reversal trade. Look for confirmation signals such as bullish/bearish candlestick patterns or volume spikes to enter a position. Keep an eye on stop-loss levels just beyond the order block or FVG for effective risk management.
CRYPTO: How it works and how it is explained for beginners.CRYPTO: How it works and how it is explained for beginners.
Here is a detailed explanation of the key concepts related to cryptocurrencies:
Cryptocurrency
Cryptocurrencies are decentralized digital currencies that use cryptography to secure transactions. Unlike traditional currencies, they are not issued by a central authority such as a bank.
The main characteristics of cryptocurrencies are:
-They exist only in electronic form
-Transactions are made directly between users (peer-to-peer)
-They use blockchain technology to record transactions
-Their value fluctuates according to supply and demand
Blockchain
Blockchain is the underlying technology that allows cryptocurrencies to work.
Its main features are:
-It is a distributed and decentralized ledger that records all transactions
-Each transaction forms a "block" that is added to the existing chain
-The data is encrypted and impossible to modify once recorded
-It works without a central authority thanks to a network of computers
The halving
The halving is a scheduled event that concerns certain cryptocurrencies such as Bitcoin.
Its main characteristics are:
- It halves the reward given to miners for creating new blocks
- It usually occurs approximately every 4 years (every 210,000 blocks for Bitcoin)
- Its purpose is to control inflation by gradually reducing the issuance of new units
- It can have an impact on the price of the cryptocurrency by reducing the supply
_____________________________________________________________
The different types of coins
There are several categories of cryptocurrencies:
Bitcoin: The first and best known cryptocurrency
Altcoins: All cryptocurrencies other than Bitcoin (e.g. Ethereum, Litecoin)
Tokens: Tokens created on existing blockchains, often linked to specific projects
Stablecoins: Cryptocurrencies whose value is indexed to a fiat currency or a stable asset
Memecoins: a cryptocurrency that comes from an Internet meme or that has a humorous, ironic characteristic, a joke as its origin.
Each type of coin has its own characteristics and uses, but all rely on blockchain technology to operate in a decentralized manner. 10 minutes ago
Comment
Here is a list of the top altcoins, memecoins, and stablecoins to know in 2024:
Major Altcoins:
-Ethereum (ETH)
-Cardano (ADA)
-Solana (SOL)
-Polkadot (DOT)
-Ripple (XRP)
-Litecoin (LTC)
-Chainlink (LINK)
-Polygon (MATIC)
-Avalanche (AVAX)
-Tron (TRX)
Popular Memecoins:
-Dogecoin (DOGE)
-Shiba Inu (SHIB)
-Pepe (PEPE)
-Bonk (BONK)
-Book of Meme (BOME)
Top Stablecoins:
-Tether (USDT)
-USD Coin (USDC)
-Frax (FRAX)
-Dai (DAI)
-TrueUSD (TUSD)
-First Digital USD (FDUSD)
-Decentralized USD (USDD)
Altcoins are alternative cryptocurrencies to Bitcoin, often offering specific features or use cases.
Memecoins are cryptocurrencies that were initially created as jokes but have sometimes gained popularity.
Stablecoins are cryptocurrencies designed to maintain a stable value, usually pegged to a fiat currency like the US dollar.
Each category has its own characteristics:
-Major altcoins often aim to solve specific problems or provide platforms for the development of decentralized applications.
-Memecoins are generally driven by their community and can experience high volatility.
-Stablecoins seek to offer the stability of traditional currencies while retaining the benefits of cryptocurrencies.
It is important to note that the cryptocurrency market is very dynamic and the popularity and value of these tokens can fluctuate rapidly
BTC Bulish in a zone on day calenderBTC Bullish in a zone on day Callender, Making good progress on day candle
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
Buyside liquidity swept on BTCUSD 1hr TFAs per SMT and ICT its Time to for some IRL.
BTC crossed 65000 levels
BTCUSD: Prospects for continued growthBTCUSD has pulled back after hitting resistance at 64,500 USD, but the overall uptrend remains intact. The key support zone is around 60,000–61,000 USD, which could act as a springboard for a price rebound. If the price holds above this level, there is a strong possibility of a bullish move back to 64,500 USD and potentially higher. The uptrend will be reinforced if buyers step in at the support zone, driving momentum for a longer-term rally.
Bullish idea: Wait for the price to touch the support, bounce, and confirm the uptrend, then consider buying when it breaks above 62,500 USD.
