Bitcoin Demand zoneBINANCE:BTCUSDT -- Swept Equal Highs and Demand zone Testing 2nd time after BOS and Liquidity Swept at swing lows and all Stop loss are swept. just looking bullish Not mitigated previous High.
BTCUSDT.PS trade ideas
Area of interest Buy zone created ( Best buy zone)BINANCE:BTCUSDT --- Completely Turned bullish Not covered Fair value gap created in higher time frame in weekly below prices. ( Expecting break out in Higher - Higher Liquidity Sweep Equal High Formed at top Earlier Seller about get swept.
Bitcoin Directional changeBitcoin swept liquidity strong tussle buyer and seller BINANCE:BTCUSDT , Now bitcoin change direction buying side
$BINANCE:BTCUSDT Can we see 36000 pretty soon ?BINANCE:BTCUSDT Can we see 36000 pretty soon ?
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
Now bitcoin look bullishSwept liquiduity change in pattern BINANCE:BTCUSDT Can go long multiple rejection in the bottom.
$BTC | 1H: Today Plan:Looking for short on $BTCUSDT. Currently, there is a lack of interest from buyers in Bitcoin, it is anticipated that there will be a Dump before it reaches 36k. Have a great Friday!
Previous day:
VAH: $34504
POC: $34227
VAL : $33756
Date: 27 Oct 2023
BTCUSDT ( 5% CORRECTION TOWARDS $33000 )Bitcoin looks like it wants to pull back before advancing higher!
CRYPTOCAP:BTC appears to have formed an ascending triangle on the hourly chart. As #BTC
trades below the hypotenuse, the odds increase for a 5% correction toward $33,000.
#bitcoin #cryptocurrency #ethereum #blockchain #priceaction #technicalanalysis #onchain #btc #usdt #pull #analysis #linkedinmembers #investor #trader #TRADEWITH_RITIK
Analysis of BTCUSDT in the near futureDear readers, we have witnessed a strong acceleration in the electronic market. Currently, the upward trend is still consolidating well, with BTC trading around the $29,876 mark at the time of writing.
I maintain the viewpoint that BTC will continue its upward momentum, maintaining a solid increase above $30,000. The expected increase is $31,250. What about you? What's your perspective?
BTCUSDT killed the bear, the market was hotDear friends, After experiencing a brief correction from its all-time high of $35,300, Bitcoin (BTC), the leading cryptocurrency in the market, is showing signs of a new upward trend. At the time of writing, Bitcoin is trading at $34,500, successfully recovering the losses incurred during the recent correction on Tuesday. Over the past 24 hours, Bitcoin has maintained a 1.4% increase.
Another encouraging sign for Bitcoin's prospects is the open interest in call options, which recently surpassed $10 billion. To put it into perspective, during the peak of the 2021 price rally, open interest in call options reached $9.9 billion.
This significant milestone indicates that market participants are increasingly positioning themselves for Bitcoin's potential price increase. The growing number of call options suggests optimistic sentiment among traders and further raises expectations of price growth.
Considering these factors, it would not be surprising if this upward trend reaches $40,020 in the near future. What about you? Do you agree with my viewpoint?
$BTC | 1H: Today Plan:Looking at the current market situation, it seems that there is a possibility of a short opportunity for Bitcoin. The selling pressure on BINANCE:BTCUSDT has already started, indicating a potential dump below the 33.5k level. Good luck!
Previous day:
VAH: $34540
POC: $34053
VAL : $33667
Date: 25 Oct 2023
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Bitcoin Trade Setup Bitcoin pierced through all the highs.
- I think the volume of the pump was quite strong.
- 10% JUMP in BTC clearing all the supply looks very interesting
- Alts to watch out for are the current outperformers, FTM, LINK, INJ, APT.
- BTC is at a crucial level let a weekly candle close above 33k, before adding any size.
- Do not FOMO in.
BTC | 1H: Today Plan:Seeking to open a long position on BINANCE:BTCUSDT , based on the analysis of the 1-hour chart. The plan for today is to anticipate a bullish continuation and aim for the sell wall at $31,000. Best of luck!
Previous day:
VAH: $29995
POC: $29872
VAL : $29770
Date: 23 Oct 2023
Bitcoin Short Setup Bitcoin is currently trading in a strong supply.
- I don't think there's any strong reason to still stay bullish now.
- I will look to trim my swing longs.
- Do not add swing longs or anything in your Portfolio.
- Max Kill Zone is 32,000$-33,000$ to trap fresh retailers.
- Try avoiding leverage until the market presents a strong setup.
- I will short some Altcoins when I see BTC pumping more.
#BTC #CRYPTO #crypto #eth
BTC is driven by expectations of a spot Bitcoin ETF and SEC news📈 Technical analysis BTC/USDT
As we mentioned in the previous review, Bitcoin's chart now reflects expectations of BlackRock's spot Bitcoin ETF approval. Another reason for the current rise was the news of the SEC withdrawing its lawsuit against Ripple (XRP).
Following our scenario, after consolidating BTC above the $28,000 level, it has predictably reached a retest of the psychological level of $30,000 and the upward resistance trendline. This retest will determine its further direction of the price movement. However, BTC quickly passed through the 1W Imbalance zone without filling the gaps at horizontal volume trading levels. Therefore, we are currently expecting a local correction and trading in this zone. The trigger for the start of this decline could be an exit from the overbought zone of the RSI indicator.
Then, if the price manages to surpass the $30,000 level and hold above it, we will anticipate movement towards the primary target of the current scenario: the 1W Imbalance zone and testing the global upward trendline in the range of $33,000 to $35,000.
This scenario could be invalidated if the price drops below the 0.78 Fibonacci retracement level and consolidates itself below the symmetric level of $28,500.
📉 Bitcoin market global analysis
On the daily logarithmic chart, the BTC price continues to consolidate above the 200-week moving average and has approached the supply zone. If the price consolidates above the significant resistance block at $30,000, we can anticipate the realization of our primary scenario: a retest of the lower boundary of the Bearish Wedge pattern in the range of $33,000 to $35,000. This would occur before a correction of the entire upward movement since the beginning of this year, which we expect to fall within the 0.61-0.78 Fibonacci retracement levels, namely in the range of $20,000 to $25,000.
The RSI indicator has entered the overbought zone; however, there is still approximately 20% of headroom. Entering the extreme overbought zone could act as a trigger for a trend reversal beginning.
💠 Analysis of zones and levels for making trading decisions
The fear and greed index has returned to the neutral zone, currently standing at 53.
The total cryptocurrency market capitalization has risen to $1,099 billion, with Bitcoin's dominance index reaching 52.47.
Analyzing the accumulation of large order blocks in the order books, we observe the following demand and supply zones:
🟢 Demand Zone: 24,000 - 27,500
🔴 Supply Zone: 30,000 - 35,000
Levels for long positions:
26,500 - A support block and trendline retest.
25,000 - Another support block and trendline retest.
23,000 - The point of control (POC) zone.
22,000 - The 0.61 Fibonacci retracement level.
20,000 - The 0.78 Fibonacci retracement level.
17,000-19,000: The 1-hour imbalance zone.
Levels for short positions:
30,000 - The 0.78 Fibonacci retracement level.
35,000 - The 1-week imbalance zone.
36,000-38,000: A zone for a potential trendline retest.
40,000 - A psychological resistance level.
📊 Fundamental analysis
Today, the U.S. Securities and Exchange Commission (SEC) withdrew its lawsuit against Ripple's CEO Brad Garlinghouse and co-founder Chris Larsen. The digital asset market is reacting positively to Ripple's victories, as it plays an important role in shaping transparent regulation of the cryptocurrency market by regulatory authorities. The future of other cryptocurrencies may depend on Ripple's success.
The S&P500 index of the largest U.S. companies failed to break through the dynamic resistance line of EMA50 and continued its decline towards the support level at 4,200. The U.S. Dollar Index (DXY) is currently trading sideways.
🌐 Upcoming Events in the Global Economy
The following dates are expected to bring increased volatility to both stock and cryptocurrency markets:
➤ October 26, 15:30 - U.S. GDP data for the 3rd quarter.
➤ November 1, 21:00 - New decision on the Federal Reserve interest rate.
➤ November 3, 15:30 - Unemployment rate data for October.
$BINANCE:BTCUSDT Are we going to see 31000 pretty soon ?BINANCE:BTCUSDT Are we going to see 31000 pretty soon ?
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
BTC | 1H: Today Plan:
$30,000 Sell wall has been filled. This development might signify a potential pullback during the US trading session, accompanied by a long squeeze. But, the overall high time frame outlook for BINANCE:BTCUSDT remains bullish. Lets see!
Previous day:
VAH: $28775
POC: $28667
VAL : $28300
Date: 20 Oct 2023
BITCOIN DOMINANCE INCREASE ( BTCUSDT )
Bitcoin's market dominance has surged to an all-time high, standing at over 49% and nearing 50% of the total cryptocurrency market capitalization.
This trend is attributed to a recent price increase, driven by a sharp spike around October 16th. However, trading volume has dipped by over 40%, and the market cap has slightly decreased.
Bitcoin is currently trading at around $28,400 with an RSI above 60, indicating a strong bullish trend.
The RSI position also suggests a potential price decline, which could lead to reduced market dominance.
Drop to 1000 is coming BTCThe formation of a head and shoulders pattern is currently underway. If the price breaks below the neckline support level of 25,000, a significant decline could ensue, potentially reaching as low as 1000
BTC | 1H: Today Plan:I've entered a long position during this retest. The buyers are showing strength, indicating that BINANCE:BTCUSDT will soon break the $29,000 level. Let's see how this plays out!
Previous day:
VAH: $28531
POC: $28417
VAL : $28263
Date: 18 Oct 2023
Big Daily Overview of market
🚀 BTC/USDT vs. USDT.D Market Analysis 🚀
The entire crypto market is ablaze with excitement! 🔥 But let's take a closer look at the CRYPTOCAP:BTC scenario – it seems that the path to the 22-21K range is inevitable, sooner or later.
On the flip side, USDT.D has artfully completed its 2D FVG and seems poised to surge past the swing high level. In contrast, BTC might just be gearing up for a full retracement, potentially down to the 0.618-gap level at 21K. It's all about confluence!
Remember, this might not unfold overnight, but consider this your early heads up. 🚨
Get ready for some thrilling trading action! 📈📉💰
all details are publlished in this chart
BITCOIN TECHNICAL ANALYSIS ( 18th Oct 2023 )Price Analysis
Current Price: $28739.02
24-Hour Change: 1.88%
Circulation Supply: 19.52M
Trend Analysis
Technical Indicator : Strong Buy (On Daily Basis)
Moving Average : Strong Buy (On Daily Basis)
Overall Trend : Strong Buy (On Daily Basis)
Key Support and Resistance Levels:
Support Level 1: 28125.4
Support Level 2: 27850.3
Resistance Level 1: 28639.0
Resistance Level 2: 23378.7
Moving Averages:
50-Day Simple Moving Average (SMA): 26790.70 ( Buy)
200-Day Simple Moving Average (SMA): 27772.0 ( Buy )
Relative Strength Index (RSI)
Current RSI: 67.237
RSI Interpretation: Buy Zone
Volume Analysis
Trading Volume: $14,616,751,761
Volume Trends: Increasing in Nature
Candlestick Patterns
BULLISH DOJI STAR : Bullish Reversal ( Indication ), Medium ( Reliabilty ), During a downtrend, the market strengthens the bears with a long black candlestick and gaps open on the second one. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows the potential for a rally, as many positions have been changed. Confirmation of the trend reversal would be a higher open on the next candlestick ( Description ).
HANGING MAN : Bearish Revesal ( Indication ), Low ( Reliabilty ),
During an uptrend, there is a sharp sell off after a gap to the upside. However, the candlestick closes at or near its high. This signifies the potential for further sell-offs. Since the certainty for a Hanging Man indicator is low, the trend reversal can be confirmed by a black candlestick or a large down gap on the next candlestick accompanied by a lower close ( Description ).
Conclusion
The live price of Bitcoin is $ 28,739.15 per (BTC / USD) with a current market cap of $ 560.90B USD. 24-hour trading volume is $ 14.61B USD. BTC to USD price is updated in real-time. Bitcoin is +1.83% in the last 24 hours with a circulating supply of 19.52M.
It's essential to exercise caution and apply risk management strategies in your trading decisions.
