BTC BUY / SELL zonesHi !
BINANCE:BTCUSDT
BUY and SELL zones
Minimum Stop Maximum Take 💪
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BTCUSDT.PS trade ideas
#BITCOIN BREAKOUT CONFIRMED#BITCOIN BREAKOUT CONFIRMED
#BTC Turned into Bullish Mode.
Ready for New All Time High
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!
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!
Btcusdt viewPrice have shown some momentum towards upside but this can be some pullback. So i will be still looking for shorts. And always remember whats a trend in lower time can be a pullback in high timeframe. This is not financial advice. This is for educational purposes only.
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.
Bitcoin: Bearish Pennant PatternHey Guys,
Bitcoin is currently in a bearish pattern, So wait for the breakout, After that you can plan your entry..!!
See chart for more understanding. Don't forget to hit Boost Button & If you want more such ideas then follow me..!!
Disclaimer: I am not financial Advisor; this is my opinion I am some guy on the Internet. Crypto market is highly volatile, do your own research and jump into the trade..!!
BTC is forming Head & shoulder patternAs mentioned in the chart BTC is forming Head and shoulder pattern at all time high is bearish
The Head & Shoulder pattern will complete once the price reaches 61500 level if that happens price will dump to 52000 level
If the price breaks the trend line or above 67100 level this pattern will be invaild and countinue moving up.
BITCOIN on Double Bottom - W PatternAs per hourly charts,
from last 4-5 days, #BITCOIN and complete #Crypto market moving as per market many scenario's of news and sentiments including india's #FUD of #OKX closed down their services as well another great news with #Kucoin exchange starts complete services in india.
Now as per that scenario, CRYPTOCAP:BTC #HeadAndShoulder pattern is not completed its final cycle but it moving towards now for Double Bottom "W" Pattern to completing soon, and as per that scenario it will be again takes another break-out of something #Bullish towards $75k-77k last time before CRYPTOCAP:BTC #Halving in April 2024.
Lets see,
what's next move, but at present it shows this pattern of movements.
Anyways, always #DYOR and Trade with #StopLoss in market
and,
COMMENT LIKE SHARE always those posts...
Every Signal is Greed | Short BiasOn Week Chart
I found the same condition in the past when BTC's downed
- RSI Overbought
- ADX move up to 84, I marked the yellow line at 84 you can see on the chart
- BTC Dom has rejected at 55%
So I think BTC will pullback soon and $50K can be a support
Time will tell
Choch in BTC most likely to take out last high in 4hTook a long on BTC/USDT since it take out the last strong high in 15 min tf and an engulfing bullish candle also formed in the 5 min tf after analysing the 4h it seems it could form a new ath in 1D.
Bitcoin and 13 flat irregular correction wavesAccording to the first beats of Bitcoin, it seems that the market is trying to evaluate Bitcoin at a stagnant level of 60,000 - 70,000 USDT, with this mark temporarily being a balance between buying and selling. However, this correction zone will continue to be maintained before returning to the previous main trend. Stay tuned to the beat and let us know if this trend is accurate. Thank you very much
Bitcoin, H4Bitcoin has corrected the 50% fibonacci retracement level, has now created a bottom and is likely to pump in the near future. In the H4 frame, Bitcoin will move in the price frame according to the arrow. Observe and trade your account safely
BITCOIN at Bullish & Bearish bumpy RidesAs per hourly pattern,
#BITCOIN still moving as in proper #HeadAndShoulders Pattern, and it completed almost 80-85% and if CRYPTOCAP:BTC will be completing this pattern properly then it will break out $75k-77k this time for next #NewATH around $80k approx.
Lets see,
where this Bumpy rides goes this time...
anyway, always #DYOR and Trade wisely by Using #StopLoss
and,
SHARE LIKE COMMENTS on every analysis always....
202403 - BTC/Weekly viewBTC next target should be 180k.
Curently trading above previous high, potential will accumulation here for next few week & pump before the halving start.
BTC Immediate Resistance To BREAK$61500-800 area
then Downtrend line
Only after and sustaining above BTC is out of trouble to 68k
BTC Btc sell the bounce structure if it break down neckline head and shoulders then take entry and all levels mark on chart if you like my analysis then follow me and see my previous analysis
BTC will go to moon from here.On the 1D time frame chart pattern if we see there is a Doji candle form.
So wait for one or two day then long for BtcUsdt.
BITCOIN BEARISH DUMP ALERT #BITCOIN BEARISH DUMP ALERT
1⃣ CRYPTOCAP:BTC Trying to Break Strong Support $61600
2⃣ If $61600 Level Break then Ready for $50700 & $40500
3⃣ Below Red RedLine #BTC is Bearish
4⃣ Keep an Eye on Red Circle is a Critical Zone
5⃣ Overall BTCUSDT Current Trend is Bearish
BTC to 82KBTC 4hr chart!
BTC is testing the 200EMA support.
BTC is within the downward Channel and testing its bottom.
The Channel is within a broadening wedge pattern and testing its bottom.
BTC may bounce from 61k area and if it happens the target is 82k.
RSI is oversold and in the wedge of forming a bullish divergence.
#Not a financial advice
👑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
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 ]
Btc Target Btc broke ATH but took correction but overall it is bullish
1st target 100000$
2nd target 150000$
