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BTC5xLong/Tether

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BTCUSDT.5L trade ideas

BTC Short Now that it's confirmed that BTC is consolidating in a triangle pattern, I hope you all have made some profit. I predicted the formation of this triangle pattern way earlier. The CME gap between 62,000 and 64,000 will sooner or later fill. The target prices for this trade are as follows: - 69,601 - 69,011 - 68,111 - 66,111 - 65,111 - 64,111 Stop loss (SL) at 71,251. Currently, it's consolidating in a triangle pattern. I anticipate a significant move on Monday. For today, consider booking profits on the lower trendline and initiating short positions from the upper trendline or resistance levels indicated on the chart at 70,111 and 70,464.
Short
by Rushilism
Bitcoin back to $39K or below?Early morning today (11/12/2023, IST), BTC plummeted to $40500 levels and quickly regained the strength. Will a further downtrend expected? Let us see. Technical Analysis: CRYPTO:BTCUSD hasn't fully recovered from the recent fall, currently hovering around $41,800. This is in line with a double top pattern, indicating a potential continuation of the downtrend. Prices remain within a supply zone, heightening the likelihood of Bitcoin (BTC) descending to $39,000 or potentially even lower. Sentimental Analysis: The Federal Open Market Committee meeting, scheduled for December 12-13, 2023, holds significant importance in the financial markets. Ahead of this meeting, Federal Reserve Chairman Jerome Powell expressed a cautious stance regarding interest rate adjustments, focusing on maintaining a restrictive policy until inflation consistently aligns with the 2% target. This approach introduces complexity into market expectations, contrasting with some analysts' speculation about a potential rate cut. The upcoming report on inflation rates from the U.S. Bureau of Labor Statistics, due on December 12, is a key factor influencing the Fed's decisions. A decrease in inflation could lead to a rate cut, influencing market movements and Bitcoin's valuation. Is this a chance to accumulate more? YES! It is. Will BTC bounce back after the fall? YES, it will. Will BTC go further down? I have no idea! But, I would be happy. You know why!
Short
by UnknownUnicorn34628734
1
Bitcoin forming a Cup and Handle pattern? Bitcoin is currently trading around $66000, up about 3% in 24 hour time frame. But since it dipped around 17% from it's all time high, the SOPR ratio suggests the profit booking is not yet over. BTC is still showing bearish accumulation. Predicting its path to a new all-time high is challenging, But when we surf through the weekly time frame, there's potential for a 'cup and handle' pattern to form, indicating a correction to $51,500 (probably a post halving dip) before a surge to $100,000. An Altseason can also happen during this time. Let us wait and see!
Long
by Mudrex
7
Bitcoin Gives Some Bull Signals And We Try To Catch It. Bitcoin: Fundamentals, Recent News, and Disclaimer Fundamentals Decentralized digital currency: Bitcoin is the world's first and most popular cryptocurrency. It operates on a peer-to-peer network, meaning there's no central bank or authority controlling it. Transactions are recorded on a public ledger called the blockchain. Limited supply: There will only ever be 21 million bitcoins created. This scarcity is a key factor in its value proposition. Secure: Bitcoin uses cryptography to ensure secure transactions. Recent News Price: As of today, March 24, 2024, the price of one bitcoin is around $64,261 USD (according to CoinDesk). Volatility: Bitcoin's price is known for its volatility, meaning it can fluctuate significantly in a short period. Disclaimer Investing in bitcoin is inherently risky. The cryptocurrency market is still young and unregulated, and there's no guarantee of future value. This information is not financial advice. Do your own research before making any investment decisions.
Long
by MoonTradingForecast