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Bitcoin / TetherUS PERPETUAL CONTRACT

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BTCUSDT.P trade ideas

👑Bitcoin Analysis: Trading Amid Price Correction📉🔍Today is Tuesday, and it's a favorable day for trading. The cryptocurrency I'm analyzing today is Bitcoin. In the initial candle of the day, Bitcoin experienced a downward movement of around 6%, reaching a support level of $63,054. We need to observe its behavior in the subsequent candles around this support level. 🌊From a Elliott Wave Theory perspective, we've seen a reversal in the lower wave cycle on the 4-hour chart, indicating a minor downturn. However, in the higher wave cycle, Bitcoin remains predominantly bullish, and this correction appears to be a minor adjustment necessary for subsequent upward movements.It's important to note that these corrections on higher time frame charts can shape long-term trends, potentially providing profitable opportunities on lower time frame charts like the 4-hour. 💪The latest key level where price bounced back is around $68,100, forming a strong Potential Reversal Zone (PRZ). This zone coincides with the Point of Control (POC) indicator of the fixed range volume profile, the 0.38 Fibonacci retracement level of the downward wave, and the resistance line of the Elliott Wave Theory. Additionally, the golden cross of the SMA7, 25, and 99 further strengthens this zone. 📊The volume of red candles confirms the short-term downward trend but currently doesn't show any weakness. We need to monitor how the volume behaves in case of a correction. ✅For traders holding short positions, consider taking profits if the price finds support at $63,054. Otherwise, exercise patience and wait for a potential drop to $60,849. If the price sharply rises, take pleasure in your profits. For risk management, set your stop-loss if the sharp upward movement occurs, as it could happen easily due to the overall bullish trend. 📉If you don't currently have a position, wait for the market to establish a new structure before taking any action. If you're unable to wait for a new structure to form, consider opening a short position when the RSI enters oversold territory. However, be aware that this is a risky move. By considering these factors, traders can identify potential trading opportunities amidst Bitcoin's price correction. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
BTCUSDT : History might repeat itselfThe market is currently moving within an ascending channel formation after breaching the all-time high of 69,000 level. There is a high probability that the market could reverse with momentum, similar to past occurrences. Therefore, it might be wiser to refrain from participating in the current valuation. Instead, consider taking a step back and waiting for more clarity rather than getting involved in this FOMO (Fear of Missing Out) rally. If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations. [/quote ]
Short
by Sniper-Traders
14
Bitcoin Retracement Loading - Bitcoin is currently trading at 67,100$ not even 20% down from its All-Time High but Altcoins have already retraced more than 20-30% - I have marked 2 Important Point of Interest and it may help you guys more from a reference perspective to exactly where how much more could Bitcoin fall - 58,000-60,000 looks like a Magnet to me - 52,000 looks like something that can make Bitcoin's next move the biggest impulsive move ever seen - Do not invest Blindly if you don't understand the schematics and the risk involved in Crypto Currencies
Short
by VKtradesimbalance
Bitcoin Bullish Projection with Bearish RidesAs Per 2-hr. chart Analysis, #Bitcoin here moving Perfectly #Bullish but after taking some #Bearish Bumpy Rides of $4-5k to $8-9k bumpy divergence rides, that were creating a major liquidations into market in every 2-3 days with majority of both positionings of Long & Short. as per Bullish signal trend, next movements of Uptrend starts soon in coming week towards $75k-77k, while at $74k , their will be majority of CRYPTOCAP:BTC trading funds liquidations again.... Anyways, #DYOR and Trade wisely by using of #Stoploss and FOLLOW SHARE COMMENTS on every Predictions...!!
Long
by AskToRahulSirohi
1
BTC DEEP ANALYSIS Accumulation phase has finished. Read the chart and study it how they Manipulate market after breaking out of range for the long time. After accumulation it always do fake BREAKOUT. Manipulation phase has started Currently hunting sell side liquidity People will be shorting it for 20k target but they will be rekt soon. When it start pump and cross above the red box, people will be long on BTC and it will be dumped back below box and suddenly we will see huge green candles that we can't even catch the trade😅 Don't trade futures till btc enters accumulation zone again...go for spot entries for now. Boost 🚀 if you liked this content which never been talked about.
by Akshay_Gour
Bitcoin Trade SetupBitcoin is currently trading in a crucial zone - Logically I think Bitcoin's price has not retracted a lot which is necessary - Coming back to our thesis, if you are holding Bitcoin then you still can - If you want to trade Bitcoin I think 59,000-64,000$ can be a great zone to accumulate it with 50% of your total investment value - If you want to accumulate altcoins by looking at Bitcoin's price then my opinion would remain the same. However, you must consult your financial advisor before making any investments
Short
by VKtradesimbalance
Bitcoin (BTC) technical and fundamental analysis📈 Technical analysis BTC/USDT The price of Bitcoin has hit an all-time high amid expectations of the halving and capital inflows into spot Bitcoin ETFs. Currently, it is approaching a test of the local resistance trendline, which will determine the direction of further price movement. If the BTC price fails to overcome it immediately, we can expect a correction of the last upward impulse towards the dynamic support line EMA 50 4H. There is also an important psychological level at 70,000 above which the price needs to hold. However, if they cannot withstand selling pressure, there is a chance of seeing a correction to the Imbalance 4H zone between 55,000 and 60,000, where it is necessary to close the gaps in trading volumes at horizontal levels. The need for a correction is also indicated by the emerging bearish divergence on the RSI indicator. In the next section, we will consider Bitcoin targets if, due to fundamental factors, its price continues its relentless rise. 📉 Bitcoin market global analysis After consolidating above the 0.78 Fibonacci level and reaching a new all-time high, the price of BTC has transitioned into a full-fledged bullish trend. With no historical resistance levels above the ATH, we will utilize trendlines, Fibonacci extension levels, and analysis of significant order blocks in exchange order books to determine growth targets. For the continuation of the uptrend, Bitcoin's price first needs to establish itself above the 70,000 level on a weekly candlestick basis. Currently, it is approaching a test of the local ascending trendline, which has been relevant since November 2023. This test may occur around the 75,000 level, supported by a significant block of pending orders. Beyond that, around the 90,000 mark, lies the global trendline based on the peaks of the two previous Bitcoin cycles. Additionally, the 1.38 Fibonacci extension level aligns in this area. The highest trendline sits within the 1.61 to 1.78 Fibonacci extension range, with a potential test starting from the 100,000 level. Bitcoin's price is entering the pre-halving bull rally phase. However, historically, Bitcoin halvings have been preceded by corrections. The RSI indicator is once again in the overbought zone, forming a bearish divergence. Moreover, the fear and greed index has been in extreme greed territory for quite some time, typically signaling a trend reversal. Considering the absence of a significant correction since October 2023, conditions are ripe for one to begin. If Bitcoin can maintain its upward momentum until the halving, we may anticipate a global correction of the entire 2023 uptrend afterward. The halving itself could serve as a selling signal, based on the idea that the cryptocurrency has reached a local peak, similar to what happened following the approval of spot Bitcoin ETFs in the US in January 2024. In that scenario, we would expect a correction in the 0.5 to 0.68 Fibonacci level range and a retest of the 200-week moving average. Additionally, there lies the Imbalance 1W zone between 54,000 and 60,000, where it is crucial to close gaps in horizontal trading volume levels. 💠 Analysis of zones and levels for making trading decisions The Fear and Greed Index is in the extreme greed zone at 82. The total market capitalization of the cryptocurrency market has increased to 2,638 billion dollars, and the Bitcoin dominance index has risen to 53.92. According to the analysis of the accumulation of large order blocks in exchange order books, demand and supply zones are located at the following levels: 🟢 Demand Zone: 55000 - 62000 🔴 Supply Zone: 75000 - 100000 Levels for long positions: 60,000: Retest of the local trendline support 50,000: Point of Control (POC) level in the value area 46,000-48,000: Retest of the global trendline support Levels for short positions: 75,000: Test of the local trendline 85,000 - 90,000: Test of the global trendline 100,000: Psychological resistance level 📊 Fundamental analysis The uninterrupted rise of Bitcoin is occurring as the halving event approaches. This event is scheduled for April 2024 and will halve the rate of new BTC entering the market. The previous three halvings, which took place in 2012, 2016, and 2020, triggered cycles of cryptocurrency growth due to the formation of its scarcity. In 2024, the scarcity of Bitcoin may become more acute due to the adoption of spot Bitcoin ETFs and the influx of large capital into the market. The growing interest of investors in spot Bitcoin ETFs forces issuers to buy cryptocurrency from the market. The volume of BTC assets held by BlackRock has increased to 196,065 bitcoins, surpassing MicroStrategy by 3,065 coins. 🌐 Upcoming Events in the Global Economy The following dates are expected to bring increased volatility in both the stock and cryptocurrency markets: ➤ 12.03, 16:30 - Consumer inflation index in the USA (CPI). ➤ 20.03, 21:00 - New decision on the Fed interest rate. 📈 Statistics of signals from our AI trading indicator: In February 2024, the price of BTC continued to rise amid expectations of halving and an influx of capital into spot Bitcoin ETFs. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements. Total price movement by all signals: + 47.28% Maximum price movement: + 23.96% Average price movement: + 15.76% In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
by TradeINEX
1