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Bitcoin / Tether Perpetual Linear Swap Contract

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BTCUSDT.P trade ideas

Sell position detected !Certainly! Here's the prepared text with the signal incorporated: Trade Signal: #BTC Sell Position Entry: Sell at 52,400 Take Profit (TP): 50,600 Reasoning: In this trade, the decision to take a selling position is based on the declining value of Bitcoin (BTC). Several logical reasons support this decision: Technical Analysis: Analysis of the Bitcoin price chart may indicate a bearish market sentiment, suggesting a potential continuation of the downtrend. For instance, chart patterns such as a head and shoulders reversal pattern or a swift decline in moving averages (MA) could be observed. Fundamental Analysis: News or events that could negatively impact Bitcoin's value might be influencing this decision. This could include negative government statements or regulatory constraints in digital asset markets. Combined Analysis: Utilizing a combination of technical and fundamental analysis can provide a more robust entry point. For example, if a negative chart pattern coincides with unfavorable news regarding Bitcoin, it could serve as confirmation for the selling decision. Considering these factors, taking a selling position can be a logical decision. However, it's essential to remember that trading in financial markets carries inherent risks, so always conduct thorough research and consider implementing proper risk management strategies.
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by PatFin
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Bitcoin Crash Alert: Ready for $22k as per Past Fractal AnalysisPotential Bitcoin Price Movement Based on Previous Cycles Greetings crypto community! I wanted to share an interesting observation about potential bitcoin price movement based on fractals from past market cycles. - In 2019, BTC was 42% below its previous all-time high (ATH). Currently, in 2024, it is 41% below the 2021 ATH. - In 2019, BTC dumped 73% from the 0.786 Fibonacci retracement level. It is currently trading at the 0.786 level. - In 2020, BTC was 73% down 322 days before the 3rd halving. Currently, it is 100% up 322 days before the upcoming 4th halving. - There are similar price "boxes" between 2019 and 2024 - GETTEX:13K - GETTEX:14K back then versus $50k- GETTEX:52K now, and $4k-$5k versus FWB:21K -$23k. If these fractals play out similarly, we could potentially see BTC in the $22k- GETTEX:25K range soon. Please Like Share and Follow me for more quality analysis
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by CryptoPatel
4
Bitcoin (BTC): technical and fundamental analysis📈 Technical analysis BTC/USDT During the correction, the price of Bitcoin reached both targets from our previous review: the Imbalance 1D and Imbalance 1W zones. The price drop after the approval of the spot Bitcoin ETF was halted by a significant support block at the level of 38600, from which a local rebound occurred. BTC price broke above the dynamic resistance line EMA 50 4H, and now we observe its top retest. If the price manages to consolidate above it and surpass the resistance level of 44000, we expect the price to enter the Imbalance 1D zone and trade within it, with the aim of closing gaps at horizontal levels of trading volumes. There is also the range of 0.68-0.78 Fibonacci levels, exceeding which would indicate the completion of the local correction and the resumption of growth. Otherwise, if the Bitcoin price fails to consolidate above the EMA 50 4H line and buyers lack the strength to overcome the resistance level of 44000, we anticipate a continuation of the price decline and a test of the trendline around the support level of 38000. 📉 Bitcoin market global analysis Globally, the price of Bitcoin is approaching the pre-halving rally, which in previous cycles was preceded by a sharp decline. On the daily logarithmic chart, the BTC price has fallen below the global trendline support and is currently retesting it from below. The outcome of this test will determine whether the recent price drop concludes as a local correction or if we should prepare for a global correction of the entire growth from the past year. If the correction concludes, the next target for growth will be the 0.78 Fibonacci level, where a significant resistance block is located between 48000 and 53000. However, I would like to remind you that we have not experienced a significant correction in the market since the beginning of 2023. The RSI indicator divergence has just begun its work. If, under selling pressure, the price fails to return above the global trendline, we expect a correction in the range of 0.38-0.5 Fibonacci levels and a retest of the 200-week moving average. Additionally, there is the Imbalance 1W zone from 34000 to 31000, where it is necessary to close gaps at horizontal levels of trading volumes. 💠 Analysis of zones and levels for making trading decisions The Fear and Greed Index is in the extreme greed zone at 63. The total market capitalization of the cryptocurrency market has increased to 1,587 billion dollars, and the Bitcoin dominance index has risen to 52.6. 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: 35000 - 38500 🔴 Supply Zone: 45000 - 50000 Levels for long positions: 38000-38500 - significant support block 35000-36000 - possible retest zone of SMA 200 1D 34000-35000 - possible retest zone of the trendline Levels for short positions: 47000-48000 - significant resistance block 50000 - psychological resistance level 57000 - 0.78 Fibonacci correction level 📊 Fundamental analysis Experts in the crypto community believe that the market correction following the launch of spot Bitcoin ETFs has concluded, and investors can expect increased activity in the altcoin market with subsequent movement of BTC towards new local highs. On the first day after the approval of spot Bitcoin ETFs, the trading volume of Bitcoin ETFs amounted to $4.54 billion. On the second day, this figure decreased to $3.15 billion. The market ended the previous week with a trading volume of $1.68 billion. However, last week, Bitcoin futures ETFs reclaimed part of their investments. As of January 19, 2024, spot instruments occupied 86.75% of the market. Meanwhile, the outflow of funds from cryptocurrency-based investment products has continued for the second consecutive week. From January 22 to 26, investors collectively withdrew $500 million from cryptocurrency funds, as noted by analysts in CoinShares' weekly report. However, the capital outflow from the Grayscale Bitcoin Trust (GBTC) has finally slowed down. Yesterday, the U.S. Federal Reserve kept the interest rate unchanged at 5.5%. Jerome Powell stated that they have achieved significant success in combating inflation in the U.S., but it still remains high. Following the meeting, the Fed does not consider it advisable to start lowering rates until there is confidence in the trajectory of inflation moving toward 2%. Almost all Fed officials believe that it is worth lowering rates this year. The index of the largest U.S. companies, S&P500, set a new all-time high, while the U.S. Dollar Index (DXY) is in a sideways movement. Both markets are currently experiencing a local correction. 🌐 Upcoming Events in the Global Economy The following dates are expected to bring increased volatility in both the stock and cryptocurrency markets: ➤ February 13, 16:30 - Consumer Price Index (CPI) for January. ➤ March 20, 21:00 - New decision on the Federal Reserve interest rate. 📈 Statistics of signals from our AI trading indicator: In January 2024 Bitcoin, and after it the entire cryptocurrency market, fell due to the end of the race of companies to launch 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: +36.32% Maximum price movement: +18.16% Average price movement: 5.18% 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
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