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BTCUSDT.5S trade ideas

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
Why "V" Shape Happened Last week in #Bitcoin ?Why "V" Shape Happened Last week in #Bitcoin ? High Risk-to-Reward Reversal Trades - Whales in Action: Big traders can manipulate the market to fill long positions. By driving prices down, they trigger stops/liquidations, then enter positions at favorable liquidity levels. Once the liquidity is absorbed, prices reverse upwards. - Liquidation Levels: Massive pressure on one side of the order book can lead to price reversals after liquidation levels are hit. - All Liquidation Levels Hit: If all liquidation levels in one direction are exhausted, there's minimal liquidity left, causing a natural price reversal. Opportunities for Traders: 1⃣ These reversals can mark local tops/bottoms, offering high risk-to-reward trades. 2⃣ Use tight stop losses and further take profits for maximum reward. 3⃣ Increase your chances by finding confluence with other indicators or support/resistance levels. CRYPTOCAP:BTC #BitcoinETF
by CryptoPatel
Bitcoin Update on 03.05.2024Bitcoin Update 03.05.2024 A.O.A And Good Morning To All Brothers And Sisters! Bitcoin Bounced Back As Mentioned in My Yesterday Analysis. Now As I Said Before this Can Be Just A Retracement. And At The End of Today Bitcoin Can Reach Our Weekly Reversal Point.(Red Arrow Path) Second Scenario: Bitcoin Can Continue up To Liquidate All Seller And Then Back To Retest Our Weekly Area. But 60841 is Very Key Point And Thats Why I Put my Stoploss On sell Trade There. If Price Break That Level then Go Up. Otherwise Reverse Before Hitting Stoploss. Lets Check Which Scenario Follow Bitcoin. Wish you all Very Nice Day
Short
by MoonTradingForecast
$BTC Update: Falling Wedge PatternCRYPTOCAP:BTC Update: Falling Wedge Pattern Bitcoin is currently bouncing back within the yellow box but remains inside the Falling Wedge pattern/Bull Flag. Bulls need to surpass the $65,000 resistance level to confirm an upside breakout. If successful, we could see BTC headed toward $95,000 However, if BTC fails to hold the yellow Box support, expect potential downside to $50k and $40k. Stay cautious and keep an eye on these key levels! #Bitcoin #Crypto #TechnicalAnalysis
Long
by CryptoPatel
Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Count Greetings traders and investors, Current Analysis: The current BTC scenario appears bearish. As discussed earlier, I highlighted the likelihood of a significant dump. I hope you adhered to the warning and avoided long trades around $70,000 - $72,000. Chart Analysis Recap: The chart shows a clear bullish pennant formation, usually indicating a bullish trend. However, based on my experience, the market often moves contrary to expectations. Pennant Breakdown: #BTC briefly broke upwards before a fakeout and a subsequent breakdown below the bullish pennant. Critical Breakdown: After breaking below the $66,000 level, #Bitcoin dropped further past the red trend line and retested $67,400. Many traders, fearing missing out, opened long positions at this level only to be liquidated shortly afterward. Elliott Wave Count: We're currently in the 5th count of a fresh Elliott Wave and the 3rd sub-wave count. Expect a slight upward move to fulfill the "A" and "B" count. Upward Move: Expect a short-term pump towards $61,000 - $62,000. Major Dump: Post-pump, BTC could dip further to $50,000, with potential dips toward $45,000. Support & Resistance Levels: Support: $51,000 / $42,000 Resistance: $62,000 Note: If BTC breaks above the $62,000 resistance, the Elliott Wave count could change, then i will update. Like & share if you agree with my Analysis Trade safely,
Short
by CryptoPatel
Bitocin Update On 02.05.2024Bitcoin Update 02.05.2024 A.O.A and Good Morning to All Brothers and Sisters! As Forecast Yesterday Bitcoin Dropped and Supported by Exactly our Yellow And Blue Area. And Just Bounced Back From Blue Area. Till Now Bitcoin Has No Direction. But Try To Break The Yellow Area. And Last 4H candle Retest Now. Price Can Grow Up And Touch The 4H Resistance but This Will Be Just Retracement. Not Trend Reversal. But Trend Reversal is Not Considered till When Price Break the Diagonal Line(Arrow#5). Price Can Drop More And Touch our Second Reversal Point. According to This I Wait For Buy Trades on Alts. I Wish You All A Very Nice And Patience Day.
by MoonTradingForecast
1
Bitcoin Analysis on 01.05.2024Daily Bitcoin Analysis 01.05.2024 A.O.A And Good Morning to All Brothers and Sisters! As Forecast Yesterday. We Have Created a New Low On Price Yesterday. And That Makes A Bit Changes. We Have Now a New Diagonal Line and Today We look The Chart On Daily Time Frame. Reason Is Monthly Candle is Closed under The Area(64850). And That A Bearish Signal, Even Actuall Candle Reverse and Eat All Last Month Candle. On Chart You See Black area. Today's Candle Is Under That area And if Close Down Side Then We Have Another Bearish Confirmation. According to These All Signals We Have More Chances To Drop Down Then Reverse The Trend. Till 64000 Bitcoin Has Just Retracement. So Please Pay Attention On All You Buy Trades. Wish You All A Very Nice Day.
Short
by MoonTradingForecast
2
Bitvoin Update 30.04.2024Bitcoin Update 30.04.2024! A.O.A and Good Morning to All Brothers and Sisters! Yesterday Bitocin is Supported By Diagonal Line(Arrow#3). And Bounced Back. But Just Now Is Rejected By Important Resistance (64854). We Are Very Near To Yellow Lines Too. And If We Reverse The Trend from Here. We Need Just Some Force To Break Them. Same time If Bitcoin is Rejected by These Yello Lines. Next Reversal Point(54142) Is Secure. Now We Have To Focus Arrow#3&2. And Breakout Of These Two Line Will Give Us The Direction. Today Is Also FOMC and I think That Bring us A Huge Volatility. Please pay Attention To All Your Trades. Avoid to Open New Trades. And Wait Till We Have Closed At least Daily Candle Close. I Wish You All Very Nice Day.
by MoonTradingForecast
2
Bitcoin Update 29.04.2024A.O.A And Good Morning to All Brothers and Sisters! As Expected Yesterday Weekly Candle Closed Under Our Yellow Area. And On Monthly TF We Have Just 2 days. If Price Reverse From Here Then Price Can Bounce Back. But if Close under Yellow Area. Then Second Reversal Point Is Our Next Target. Updated Reversal Point now Is 54142. To Know Better on Daily TF. There is A Diagonal Line(Arrow#3). If Break down Side Then Price Drop. But If Supported Is Good Reversal Signal. Alts Still Not Sure To Open New Trades
Short
by MoonTradingForecast
2