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BTCUSDT.PS trade ideas

BTCUSDT: The downtrend is aiming. Based on the chart analysis provided, it is recommended to approach the market with a bearish trading strategy for the BTC/USDT pair. The chart outlines key resistance and support levels, which suggest a downward price action if certain conditions are met. Detailed Trading Plan: Current Market Condition: The price of Bitcoin is trading below two key EMA lines, which signals a potential continuation of the bearish trend. The price has attempted to break through the resistance level near $62,700, but multiple rejections (indicated by red arrows) suggest that sellers are in control. Trade Setup: Sell Entry: Consider entering a short position if the price retests the resistance zone around $62,700 and shows rejection (bearish candlestick patterns or wicks). This is confirmed by the yellow circle on the chart, indicating potential price reversal. Target Levels: The immediate support level is identified near $62,000 (green zone). However, if this level is broken, the next target would be the $61,238 zone, marked by the dotted black line. This level represents a potential deeper correction. Stop Loss: Place a stop loss slightly above the resistance zone, around $62,800, to protect against potential upside breakouts.
Short
by Suyouu
24.10.9 Whale Indicator(Real-time chart sharing, $2000 drop hit)Hello, I'm a female signal As I posted on the real-time chart sharing below, the purple whale index above showed a $2000 drop Congratulations to those who are profitable!! Focus! If Bitcoin Goes Down First, the place you want to protect Second, you have to protect it I'm looking at the two sections as important The purple whale index that I'm updating today is Second, it's a must-protect position! Please refer to that I don't share views The whale indicator simply points to support and resistance I hope you can take the RBI through the whale index in your analysis ***whale surface intensity*** Purple>>>Orange>>>White (Purple indicators are the strongest)
by Whale_signal
Bitcoin (BTC): technical and fundamental analysis📈 Technical analysis BTC/USDT Bitcoin started the new trading week with growth. After a corrective wave down to the 0.5 Fibonacci level, triggered by the escalation of the conflict between Iran and Israel, BTC has managed to hold above the EMA 200 and EMA 50 lines. Today, the price is retesting the nearest resistance block at $64,000 - $65,000, and the outcome of this retest will determine the direction of BTC's next move. If the price can hold above this level, we expect an upward move towards a test of the upper boundary of the descending price channel, where Bitcoin has been trading for the past 7 months. On the other hand, if BTC fails to break through, the price could continue its correction towards the 0.78 Fibonacci level, where it would test the descending trendline support near the major support block at $56,000 - $57,000. This scenario may unfold if the conflict in the Middle East escalates. 📉 Bitcoin market global analysis On the daily logarithmic chart, Bitcoin's price has been moving within a descending price channel for 7 months. The descending wedge pattern is typically a bullish corrective figure. Holding above the 200-day moving average suggests a strong likelihood of BTC breaking out of the price channel upwards, barring any disruptive fundamental factors like the escalation of conflict in the Middle East. This breakout would pave the way for a test of the major resistance block at $70,000. If BTC can hold above this level, it is likely to surpass its current all-time high (ATH). Beyond the current ATH, there are no significant historical resistance levels. To identify growth targets, we will use trendlines, Fibonacci extension levels, and analyze clusters of large order blocks in exchange order books. The first Fibonacci extension level, 1.23, is at $80,000. In the $90,000 - $100,000 range, there's a global trendline based on the peaks of Bitcoin’s previous two cycles, along with the 1.38 Fibonacci extension level. The highest trendline, corresponding to the 1.61 - 1.78 Fibonacci levels, may be tested starting from $100,000. 💠 Analysis of liquidity zones and levels The Fear and Greed Index is in the neutral zone - 50. The total capitalization of the cryptocurrency market has grown to $2188 billion, and the Bitcoin Dominance Index has increased to 58.11. According to the analysis of the accumulation of large order blocks in the order books, the largest blocks are at levels 50,000 and 70,000, and the supply and demand zones are located at the following levels: 🟢 Demand zone: 50,000 - 60,000 🔴 Supply zone: 70,000 - 80,000 Levels for long positions: 60,000 - large support block 57,000 - support trend line 52,000 - large support block Levels for short positions: 65,000 - large resistance block 65,000 - downward resistance trend line 70,000 - large resistance block 80,000 - large resistance block 📊 Fundamental analysis Bitcoin started the new week with a rise. Investors had previously attributed BTC's recent negative trend to the escalation of the conflict between Iran and Israel. However, this early-week growth has rekindled the hopes of the crypto community for a new all-time high (ATH) this year. Several fundamental factors could contribute to Bitcoin's price surge: - The U.S. Federal Reserve’s potential decision to lower the key interest rate. - China’s plans to support its banking sector with a $142 billion liquidity injection. - The effects of the Bitcoin halving, which could increase cryptocurrency scarcity, pushing its price higher. - Historically, the crypto market often shows positive performance in the fourth quarter. The U.S. presidential election, scheduled for November 2024, is also boosting demand for Bitcoin. Political instability and potential shifts in economic policy may trigger volatility in financial markets, driving investors toward assets that are less dependent on government or central bank actions. Additionally, on October 8, HBO will air the film "Money Electric: The Bitcoin Mystery," which may shed light on the identity of Bitcoin’s creator, Satoshi Nakamoto. This event could further fuel media interest in Bitcoin. 🌐 Upcoming Events in the Global Economy We expect increased volatility in both stock and cryptocurrency markets on the following dates: ➤ 10.10, 15:30 - US Consumer Inflation Index (CPI) for September. ➤ 05.11, 00:00 - US Presidential Election. ➤ 07.11, 21:00 - New Fed Interest Rate Decision. 📈 Statistics of signals from our AI trading indicator: In September, the price of Bitcoin began to recover its positions. 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 5 signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements. - Total price movement by all signals: + 37.94% - Maximum price movement: + 10.42% - Average price movement: + 7.58% 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
24.10.4 Whale Index (Check the important section of the daily waHello, we're WHALE_SIGNAL Yesterday, Bitcoin closed with its first beekeeping since the decline We expect the market to become more difficult if this segment deviates, as it is a trend to prevent the recent decline in the short term I think I'll be able to enter a stable position only when there's a trend of trying to break the ground I've marked that important section as a sign of the whale above It would be nice if the closing price was formed on the daily whale index, In addition, you have to look at the 4H and 1H charts, and that part will be revealed in the real-time chart sharing of whale indicators below I don't share views The whale indicator simply points to support and resistance I hope you can take the RBI through the whale index in your analysis ***whale surface intensity*** Purple>>>Orange>>>White (Purple indicators are the strongest)
by Whale_signal
BTCUSDT: Short term buying and selling strategy.Based on the BTCUSDT chart you provided, here’s a concise trading strategy: Resistance Area: The price range between $64,000 and $68,000 is acting as strong resistance. The price has previously been rejected at this level, signaling a potential sell opportunity. Sell Plan: If the price moves up and tests this resistance zone again ($64,000 - $68,000), consider entering a sell position upon seeing a bearish reversal signal. Set a stop-loss just above $68,000. Take-Profit Target: Aim for a take-profit target around the $53,800 - $54,000 area, which is a significant support zone. Risk/Reward: This strategy offers a reasonable risk-to-reward ratio, particularly as the price continues to move within a downtrend channel. If the price breaks below the $53,800 support level, there could be further downside potential.
by Suyouu
Bitcoin Testing Key Support at 64,000 USDTBitcoin is trading at 64,454 USDT, facing resistance at 65,461 USDT and showing potential for a bearish move. If it breaks below 64,000 USDT, it could drop to the support zone between 63,198 USDT and 63,500 USDT. Key Scenarios: Bearish: A break below 64,000 USDT could target 63,200 USDT. Bullish: A rebound from support may lead to a retest of 65,461 USDT, aiming for 66,000 USDT. Traders should watch the support zone for potential buy or sell signals.
by Suyouu
7
24.10.02 whale indicator (3600 dollars)It's so crazy?Hello, I'm Whale Signal In the BTCUSDT-4H chart I uploaded last time, if you've done a long strategy on the purple whale indicator, this is either the main or -$50 loss Subsequently, the rod finish formed below the purple whale surface, resulting in a big $3600 drop It's definitely a profitable section Congratulations to those who are profitable! I don't share views The whale indicator simply points to support and resistance I hope you can take the RBI through the whale index in your analysis BTCUSDT - Update 4H Chart I'm going to look at the purple whale index below ***whale surface intensity*** Purple>>>Orange>>>White (Purple indicators are the strongest)
by Whale_signal
Will Bitcoin experience Bull run or will there be consolidation?In August, I was bullish when Bitcoin was around 48000, and I was sure that BTC would definitely reach 65k. But there's only one bearish sign now, which is that Bitcoin didn't close the monthly candle above 66k, it only gave a wick. Now, my view is that Bitcoin will consolidate a bit more in October and then Break the ATH. this doesn't mean it will go straight to 100k absolutely not. This bull run won't be parabolic at all; it will be slow and steady. This cycle will likely complete somewhere between December 2025 or March 2026. Thats it for now.
Long
by rahul123_
2
BTC Start Retracing to reach 57432 - 58291 area 2 Week TimeFrameBtc gave a good mobing averages and hit the level 66.5K and a retracement was very much expected. so how deep this retracement can go, with fibbonacci in 1D time frame suggesting a retracement till 61.2k to 61.6k area. but after consolidating on this zone, it can continue to retrace till 59.5k with a wick to 57432 - 58291 zone. so all these points will act as point of support 61.2k to 61.6k 59.5k 57432 - 58291k please trade carefully. Happy trading.
Short
by chirag76518
btcusd fast update Hey everyone, here's a quick update on the BTCUSDT situation following yesterday's analysis. I've made some adjustments to the trendline on the daily timeframe. I consider the movement on July 28th and 29th to be a fakeout, as it coincided with a range left behind since the first week of June. The pattern and type of candles, including a bullish engulfing followed by a doji and a star, further support this view. A bearish engulfing candle absorbed the movement, reinforcing the idea of a fakeout rather than a genuine breakout and reversal. Even when we look at lower timeframes, the weak buying power becomes evident from the range created on June 29th. Returning to today's scenario, the graph has recovered as expected, and the strong reaction of bearish candles indicates a willingness of the price to break out of this prolonged range. The drawdown was necessary and thankfully it occurred. Looking ahead, the future perspective is positive: the price is condensing and is likely to form a flag pattern. The targets remain around 69-70k, coinciding with the 0.27 on the weekly timeframe and the last Fibonacci target on the daily chart.Hey everyone, here's a quick update on the BTCUSDT situation following yesterday's analysis. I've made some adjustments to the trendline on the daily timeframe. I consider the movement on July 28th and 29th to be a fakeout, as it coincided with a range left behind since the first week of June. The pattern and type of candles, including a bullish engulfing followed by a doji and a star, further support this view. A bearish engulfing candle absorbed the movement, reinforcing the idea of a fakeout rather than a genuine breakout and reversal. Even when we look at lower timeframes, the weak buying power becomes evident from the range created on June 29th. Returning to today's scenario, the graph has recovered as expected, and the strong reaction of bearish candles indicates a willingness of the price to break out of this prolonged range. The drawdown was necessary and thankfully it occurred. Looking ahead, the future perspective is positive: the price is condensing and is likely to form a flag pattern. The targets remain around 69-70k, coinciding with the 0.27 on the weekly timeframe and the last Fibonacci target on the daily chart.
Long
by itsmcasalinii
#btc & #gold #priceaction #analysis | Key Levels & Trading StDiscover the latest price action analysis for Bitcoin (BTC) and Gold in today's market. In this video, we break down key levels, chart patterns, and potential trading opportunities for both assets. Whether you're a Forex trader, crypto enthusiast, or looking to diversify your portfolio, our expert insights will help you navigate the markets. Don't miss out on crucial support and resistance levels, trend reversals, and strategies to trade BTC and Gold effectively. #BitcoinAnalysis #GoldPriceAction #BTCPriceForecast #GoldTrading #ForexTrading #Crypto #TechnicalAnalysis #BTC #Gold #September2024
by Alzubair_fx
24.09.30 Whale Indicators (Was earnings of $2400 possible?)Hello, I'm a whale signal It's the same as the whale index I shared last time After failing to break strongly above the purple whale index over the weekend, it was again resisted, The white whale index also closed lower, sending it lower over the weekend When everyone looked at Long, the Whale Index was bearish He explained that there must be a place where you can make 2,500 dollars in another room I think I made a good profit of more than $2,400 Congratulations if you made a profit Now, if the trend is strong, I'm looking for at least $2800 and $5000 We don't have much time left I shared a lot of good things Here's a look at this RBI in a real-time chart share of Whale Indicators below After analyzing the main points of view Please find out the exact trading RBI through whale indicators ***whale surface strength*** Purple>>>Orange>>White (Purple indicators are the strongest)
by Whale_signal
$BTCUSDT consolidating within a falling wedge.Bitcoin (BTC/USDT) is currently consolidating within a falling wedge pattern on the 1 hour chart. The price is approaching a breakout point, with two potential scenarios: 1. **Bullish Breakout**: If the price breaks above the descending trendline, the target area is around **66,488 USDT**. 2. **Bearish Breakdown**: If the price falls below the lower support line (~65,472), the target area could drop to around **65,109 USDT**. Watch for a decisive move beyond these key levels to confirm the breakout or breakdown."
Long
by SanelRyan