H1 peak, retracement short to 52kthis is a short within the trend now and is a retracement short to 52k and if follow and structure doesnt change we hit that 48200. small risk trade.
BTCUSDT trade ideas
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BTC TRADE IDEABTC has been facing local resistance at 56 - 57k region, which was previously good support for BTC. Once we clear it, we will again see a bullish rally towards 65k. But BTC will most likely fail to clear it at current market structure and is expected to trade sidewise for few days/weeks.
BTC Prediction and analysis LIVE 6 Aug 2024BTC is creating a major retracement of selling trend, so for short period my overview is bullish.
price trying to test its previous major resistance, So for me Buying after a Dip will be high probability.
Although price will show confirmations of buyers strength on chart.
Disclaimer: Any of my posts should not be considered as a Buy/ Sell/Hold recommendation. This analysis is for educational and learning purpose only.
I always recommend using Stop Loss and following risk management rules.
#Bitcoin Buy Trade**Technical Analysis Chart Description:**
Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings:
1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions.
2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action.
3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis.
4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns.
5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses.
6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions.
**Disclaimer for Crypto Trading:**
Trading cryptocurrencies carries inherent risks, and it's important to understand the following:
Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses.
Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky.
Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices.
This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets.
By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
#Bitcoin Update on Tuesday 06.08.2024 A.O.A And Good Morning.#Bitcoin Update on Tuesday 06.08.2024
A.O.A And Good Morning to All Brothers and Sisters.
#Bitcoin Dropped Down After Global Market Dump. But price Is Stopped By The Support.W(Arrow#4). And This Is The Point Where Bitcoin Complete the Retracement on Weekly Time Frame.
What's Next?
Scenario#1
Price Can Break our Resistance and Bounce back From Here. And This Will Be Very Stable and Healthy Uptrend. And We Can Reach out Target 80K Easly.
Scenario#2.
Price Drop More From Here and We Can start Downtrend/Long Range From Here. The Most Important Point to Follow Are Arrow#3,#4 and #6.. Breakout Of These Levels Gives Us The Confirmation of Scenario#2.
#ALTS
I still Wait The Confirmation of Breakout of Two Resistances(Blue Lines). And Then We Start Looking For New Buy Trades.
I Wish You all Very Nice Day
Bitcoin Fresh Analysis ( more Dump or Pump ? )#Bitcoin Fresh Analysis:
Bitcoin recently bounced strongly from the $50,400 Bullish Order Block. If Bitcoin can hold this support level, we might see it reach $65,000 soon. However, if it fails to hold and breaks down, the next possible support is around the $42,000 Bullish Order Block.
Always wait for confirmations before entering trades. Never risk your hard-earned money on uncertain moves.
BTCUSDT : WE KNEW IT !!! SUPERF*KMEGA UPDATE Helloooooooooo.
WE TOOK THE TARGET
WE.
TOOK.
THE.
TARGET.
Here it is. whet we said 6 months ago.
we have been saying, even against all the predictions around the market... BTC must go down before breaking the 70k range.
So here we are.
We have taken a
- Maximum short-term level recovery that coincides with the inefficiency left behind in February.
- Inefficiency (just said) 0.5 Monthly
- Point of liquidity
- Historical range
- last target for the old weekly sell or short position
- 0.27 for the new weekly short
Fact: we have recovered a huge liquidity and interest point but, the last targets around 42k are still open to cover.
A new bullish run is possible now but, to reach the halving target, for the strategy, we need to wait for the fulfillment of the 42k zone.
BTCUSDT Long (1:2)Entry: Consider entering a long position around $60,400 - $60,500 if price action shows a bullish pattern (e.g., bullish engulfing candle.
Exit: Target the resistance level of $60,800 - $61,000 for taking profit. Set a stop-loss below the recent support at $60,200 to manage risk.
Note: This is meant for educational purpose only
#Bitcoin Update on 04.08.2024 A.O.A and Good Evening#Bitcoin Update on 04.08.2024
A.O.A and Good Evening to All Brothers and Sisters.
#Bitcoin Complete The Wave And Reached All Our Tps on Sell Trade. From Here The Price Can Reverse(My Theory. Still Not Confirmed). Now I drawed From Here My Support and Resistance. We Need Now A Confirmation of Breakout of Both Resistances.
#ALTS
Now If We Have Confirmations Then Alts Can Also Reverse. But for Secure Trades I suggest to Wait Till Tomorrow Evening. Then We Can Try Some Buy Entries.
I wish You All Very Nice Evening
BTC LONGBTC is halting at a very good buying zone also i can see a shift in trend making higher high and high low soon.
The RR is very favorable almost 1:10.
I have market SL and TP on chart.
Let's see how our idea plays further as crypto is the future currency.
Happy Sunday :)
BTC MARKET ANALYSIS Currently BITCOIN is sitting at a very crucial position, with lower low of 59500 zone. If BTC fails to maintain current support at 60000 level, then we might see a sharp fall toward 54000 level. Technically B5C is above 50EMA on Weekly basis. For upward movement BTC must be above 60000.
60000 ia an important support support level, let's wait for Monday market opening.
BTCUSDT Analysis till SEPT 1st week 2024BTC looking quiet weak to me, analysis shows a complete bearish patterns as you can see in mid and short term, I don't see any strength in upcoming weeks. BTC should hit around 42K to 47k level in next 2 months.
follow me for periodic analysis posts over BTC and other alt coins, do checkout my previous posts.
stay safe guys, open your position with a lot of research, market is too much volatile these days.
thank you
yours chirag.
Amazing Momentum in BTC In my previous post I shared a triangle and was expecting a breakdown but price breaked the TRIANGLE upside so I avoided the trade and waited for selling opportunity.
Amazing Momentum in BTC In my previous post I shared a triangle and was expecting a breakdown but price breaked the TRIANGLE upside so I avoided the trade and waited for selling opportunity.
BTC LONG SETUP BTC is likely to give some relief rally in short term. Targets are 63800, 65400, 66000.
Stoploss should be 59600.
Risky Trade Taking Long
TP1 - 69000
TP2 - 77000
SL - 60000
This not a trade idea . Do your own research before taking any trades.
Thank you
Btc Analysis.#Bitcoin Analysis
As Mentioned Earlier $62k - GETTEX:64K was a very important support level and it tested that level.
Now,
From here I'm expecting upside movement, only more bad news can lead a massive dump till $60k with a possible wick.
#BITCOIN Update on Thursday 01.08.2024 A.O.A and Good Evening#BITCOIN Update on Thursday 01.08.2024
A.O.A and Good Evening to All Brothers and Sisters!
#Bitcoin Continue Downtrend/Retracement. And As We Can See Price Perfectly broked and retested our Support Arrow#3. Now Next Level Is The Arrow#4. And We Are Almost There. And After Touching the Level Bitcoin Reverse. I Think till Tomorrow Evening We Have The Confirmations.
#ALTCOINS Continue Dropping down With Bitcoin And On #Alts We Will See A Good Jump Back When Bitcoin Reverse. So At The Moment we Can't open Sell Or Buy Trade. Just Wait For Reversal.
I Wish You All Very Nice Evening
Bitcoin (BTC) technical and fundamental analysis📈 Technical analysis BTC/USDT
The price of Bitcoin has fallen amid the escalation in the Middle East and the decision by the US Federal Reserve to keep the key interest rate unchanged. Previously, during the prolonged July rally, the BTC price approached the upper boundary of the descending price channel but failed to break through. This was followed by a correction. Currently, the price has retraced to the 0.38-0.5 Fibonacci retracement levels, where sellers are attempting to push below the local support level of $62,000. We anticipate a retest of the ascending trendline support, which will determine the direction of the next price movement. If the trendline fails to hold against the sellers' pressure, Bitcoin's price may continue to decline into the 1H and 4H Imbalance zones. These zones have significant gaps at the horizontal trading volume levels that need to be filled. Within this range are also the 0.61 - 0.78 Fibonacci retracement levels, where we expect the local correction to end, provided no new fundamental risks arise, which we will discuss below.
For the price of BTC to resume its upward trend, it needs to overcome the dynamic resistance line of the EMA50 on the 4H chart and consolidate above the upper boundary of the descending price channel, where it has been for the past five months. A stimulus for the resumption of growth could be the release of new inflation data in the US.
📉 Bitcoin market global analysis
On the daily logarithmic chart, Bitcoin's price continues to move within a descending price channel and has locally formed a Double Top pattern. If, during the retest of the lower boundary of the price channel, BTC's price breaks below it, we would expect the Double Top pattern to play out with a move corresponding to its height. The targets for this move could be a return to the 1D Imbalance zone. There, we anticipate a retest of the lower boundary of the price channel, a trend reversal, and a resumption of growth.
If, under the influence of fundamental factors, the local correction evolves into a global one, BTC's price might retrace to the 0.61-0.78 Fibonacci retracement levels. This would close the gaps in the horizontal trading volumes in the 1W Imbalance zone through trading activity.
💠 Analysis of liquidity zones and levels
The index of fear and greed is in the neutral zone - 52.
The total capitalization of the cryptocurrency market fell to $2,209 billion, and the Bitcoin dominance index increased to 56.16.
According to the analysis of the accumulation of large blocks of orders in the order books, the supply and demand zones are located at the following levels:
🟢 Demand zone: 55,000 - 60,000
🔴 Supply zone: 70,000 - 75,000
Levels for long positions:
60,000 - retest of the trend line and large support block
55,000 - 57,000 - large support block
50,000 - psychological level of support
Levels for short positions:
70,000 - psychological resistance level
72,000 - large resistance block
75,000 - large resistance block
80,000 - large resistance block
📊 Fundamental analysis
The Federal Reserve System has once again left the key interest rate unchanged. However, Fed Chairman Jerome Powell confirmed the possibility of a potential rate cut in September, which is good news for all high-risk assets. According to Fed representatives, inflation in the country has moved closer to the target value of 2%. A catalyst for renewed market growth could be the release of new inflation data in the US, which would increase the chances of an interest rate cut in the near future.
At the same time, geopolitical factors have repeatedly negatively impacted Bitcoin's short-term price dynamics. Currently, the cryptocurrency market is under pressure from the escalation of the conflict in the Middle East. However, if the geopolitical situation resolves without a major war, Bitcoin's price could quickly resume its upward trajectory.
🌐 Upcoming Events in the Global Economy
We expect increased volatility in both stock and cryptocurrency markets on the following dates:
➤ 14.08, 15:30 - Consumer inflation index (CPI) in the USA for July.
➤ 18.09, 21:00 - New decision on the Fed interest rate.
📈 Statistics of signals from our AI trading indicator:
The correction in the cryptocurrency market continues. Our trading Indicator, as always in advance, predicted the current price action and gave the most profitable entry points into positions with minimal risk. Thanks to the latest updates, maximum take profit levels have already been taken, and the price movement according to the latest signals on the spot was:
BTC +9.51%
ETH +6.91%
SOL +15.45%
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:
BTC - Super Bullish - 115,000+ Coming Soon?Overview & Observation:
1. Breakout of ATH levels and price sustaining higher levels are signs of strong buyers.
2. A strong trendline breakout candle will be expected.
3. RRR is favourable.
Trade Plan:
1. ENTRY = CMP
2. STOPLOSS = 10%
3. TARGET = 70%++
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
BITCOIN LAST DOWNTREND CYCLEAs Per #Bitcoin 1-day chart analysis, it is CRYPTOCAP:BTC last cycle towards downtrends around $62k-63k approx. within next 4-5days and after that, #Bitcoin starts moving towards their Uptrend cycle of #BullRun, again in Zig-Zag mode of some little Ups-Downs as per #Elliott #ImpulsiveWave with from 5-7 August onwards upto Feb. 2025 and then its #CorrectionWave starts afterwards of #ElliottWaves pattern.
So, take little bit of patience more and just be ready for a big ride of #CryptoMarket Bull-Run soon with #Altcoins market too.
And, always Trade with #StopLoss and #DYOR before investing into any Crypto Assets.
As well,
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