BTC.....Still more to go Or a Trap..??BTC forming Ascending Symmetrical Triangle in a bullish trend...which most of the time gives breakout on upper side....but there are sellers on 104500....so may we can see a sharp fall again if there will be fake breaout....Retracement levels are 82500-80000 if 90500 level broken and closes below it.
BTCUST.P trade ideas
BTC/USDT Analysis – Consolidation After Sharp Sell-OffOverview:
- Bitcoin has experienced significant volatility, with a sharp decline from recent highs near $103,000 followed by a partial recovery. Currently, the price is consolidating below the $98,000 resistance level, signaling indecision in the market.
Key Levels to Watch:
- Resistance:
- Immediate resistance at $98,000.
- A stronger supply zone is visible around $100,000.
- Support:
- Key support levels lie at $95,000 and $92,000, where buyers have shown strong interest during the recent dip.
Market Structure:
- Trend:
- Short-term: Bearish due to the sharp sell-off and rejection near resistance.
- Medium-term: Neutral to slightly bullish, as the higher lows from prior sessions remain intact.
- Candlestick Patterns:
- The long lower wicks during the dip indicate buyer absorption near $92,000–$95,000.
- Recent candles show consolidation, suggesting market indecision ahead of a potential breakout.
Potential Scenarios:
- Bullish Case:
- A breakout above $98,000 with strong volume could lead to a retest of $100,000, with potential upside toward $103,000.
- Bearish Case:
- Failure to reclaim $98,000 could result in a retest of $95,000 and $92,000. A breakdown below $92,000 might accelerate selling pressure, targeting $90,000 and lower levels.
Trading Strategy:
- For Long Positions:
- Entry: On a confirmed breakout above $98,000.
- Stop-Loss: Below $95,000.
- Targets: $100,000 and $103,000.
- For Short Positions:
- Entry: On rejection at $98,000 or $100,000.
- Stop-Loss: Above $100,000.
- Targets: $95,000, $92,000, and $90,000.
Conclusion:
- BTC/USDT is at a critical juncture. A decisive move beyond $98,000 or below $92,000 will likely define the next major trend. Traders should exercise caution and ensure proper risk management given the current volatility.
Bitcoin's Recent Surge and Potential OutlookBitcoin has experienced a significant surge in recent days, breaking through the $100,000 mark. This bullish momentum is evident on the daily chart, with the price forming higher highs and higher lows, a classic sign of an uptrend.
Potential Scenarios:
Continued Upward Momentum: If the current bullish trend persists, Bitcoin could continue to rally towards new all-time highs. Key resistance levels to watch include the psychological $110,000 and $120,000 levels.
Short-Term Correction: Given the overbought conditions, a short-term pullback to retest is possible. However, this could provide a buying opportunity for long-term investors.
Trading Strategies:
Long-Term Investors: Continue to hold Bitcoin and consider buying additional positions on any dips.
Short-Term Traders: Be cautious and consider taking profits on existing positions. If a pullback occurs, look for buying opportunities near key support levels.
Important Considerations:
Volatility: Bitcoin is a highly volatile asset, and price swings can be significant.
Market Sentiment: Positive news and developments in the cryptocurrency industry can fuel further price increases.
Regulatory Environment: Changes in regulations can impact the price of Bitcoin.
BTC/USD: Path to $100K Unfolding!BTC/USD Multi-Timeframe Analysis
- 15-Minute Chart (Intraday Perspective):
- The 15-minute chart displays a series of Breaks of Structure (BOS) and Change of Character
(CHoCH), indicating frequent shifts in market momentum.
- Recent price action has shown a bullish CHoCH, signaling potential short-term upside
momentum. The higher lows forming suggest a continuation of the upward movement.
- Key Levels:
- Immediate support: $97,900
- Resistance zone: $98,500 - $98,700
- Conclusion: Short-term momentum remains bullish, but price needs to decisively break
above $98,700 to sustain the rally.
- 1-Hour Chart (Mid-Term Analysis):
- The 1-hour timeframe reveals a transition from a downtrend to a potential bullish reversal,
confirmed by a CHoCH and a BOS above $95,000.
- Current price action has established $95,000 as a significant demand zone. The recent
upward movement suggests strong buyer interest above this level.
- Key Levels:
- Support: $95,000
- Resistance: $98,900 - $99,200
- Conclusion: A sustained move above $98,900 could open the door for further gains toward
$99,800. However, a break below $97,500 may lead to a retest of $96,000.
4-Hour Chart (Macro Perspective):
- On the higher timeframe, BTC/USD continues to exhibit a macro bullish structure, with
multiple BOS signaling sustained upward momentum.
- The bullish push above $98,000 reflects strong market sentiment, with $96,000 acting as the
primary support level.
- Key Levels:
- Major support: $96,000
- Target resistance: $99,800 - $100,000
- Conclusion: A break above $99,800 would likely test the psychological resistance of
$100,000, while a pullback to $96,000 or $94,800 could present attractive buying
opportunities.
Overall Outlook
- BTC/USD is displaying bullish momentum across all timeframes, supported by structural
shifts (CHoCH and BOS).
- Trade Plan:
- Consider long positions on pullbacks to $97,500 or $96,000, with targets at $99,800 and
$100,000.
- Maintain a stop-loss below $95,000 to manage risk effectively.
* This analysis highlights the alignment of bullish momentum on both intraday and higher timeframes, providing a strong case for further upside.
Relative Price Performance of Darling CryptosThe darling cryptos and their performance over the last Bull Cycle and this Bull Cycle.
BTCUSDT vs ETHUSDT vs SOLUSDT vs AVAXUSDT
Let’s explore the performance of BTC (Bitcoin), ETH (Ethereum), SOL (Solana), and AVAX (Avalanche) during the last bull cycle (2020-2021) and how they are performing so far in the current bull cycle (2023-2024)
Plan $BTC date 27-11-2024Market Trend: The market is still leaning towards an upward trend until the 89,000 level is broken.
Long Plan according to H3, H4:
H4 pattern is present.
Structure remains above 89k.
There is buying pressure in smaller time frames.
=> Wait for H1 confirmation: break the trend + retest higher support.
BTCUSDT can retrace to its demand zone to accumulate fresh buyerBTCUSDT is at its all time high trading near 100000 but it is not showing strength to brak the round level so it has formed a selling order block at 99450-98890 and has broken its structure at the level of 98517.21 and i've entered a short position at level of its structure break with stop loss of 99510 and once it confirms a closing below 97533.18 it can easily retrace to 95600 and 94040 or it can come down till its demand zone (94820-94450)
Bullish on bitcoin Bitcoin, is making correction right now, so next support area at 93,111$, so keep an eye on the zone likely to take reversal from the support, liquidity zone is approaching after that if it's show some bullish strength then rally will continue, or otherwise it will go sideways, no bad news come in market so we can expect a rally, do your own research before trade, and manage risk
Altcoins Correction Or Continuation? Bitcoin Too!
A strong bullish signal is the fact that more and more capital is flowing into the Cryptocurrency market. More and more whales are buying Bitcoin...
We had a bearish period, a bearish season and in this season most of the whales transactions were composed of Crypto moving in and out of exchanges, mostly in. Large amounts of Bitcoins would be deposited into the exchanges; large amounts of Ether as well, nothing more.
Lately, we see a huge shift in these transactions. We are seeing Crypto leaving the exchanges, big/large chunks and billions of dollars worth of stablecoins being minted everyday and later deposited into varied exchanges.
From March through October 2024, we saw only 1-2 billion worth of USDT being minted on the alerts. Just in November 2024 alone, we have more than 10 billion and the number continues to increase. (Rough numbers.)
We see hundreds of millions worth of stablecoins moving to the exchanges, there is only one way to translate this; the whales are buying.
If the only signal we had were the whales buying we would not be confident enough to say that prices are going up. But we saw the Altcoins hit bottom in August and after months of consolidation they are going up. Bitcoin broke a long-term resistance level after months of consolidation and is also trading near its All-Time High. The billions worth of stablecoins moving into the exchanges is supported by the action on the charts and the pairs/projects price. Everything is going up.
Will it stop?
Correction or continuation?
It is only the beginning.
Bitcoin Big Decision: $100k Breakout or $75K Drop?#Bitcoin Big Decision: $100k Breakout or $75K Drop?
🔰 Key Levels:
▪️ $100k Resistance: CRYPTOCAP:BTC is showing weakness around this psychological level due to low trading volume.
▪️ Swing Low Support: $95,650 – A breakdown here could signal bearish momentum.
▪️ Trendline Resistance: $94,100 – Breaking below this level may lead to a 10%-20% correction.
🔰 Bearish Outlook:
If #BTC breaks both $95,650 and $94,100, downside targets are $85,000 and $75,000.
🔰 Bullish Case:
If BTC holds above $94,100, a continuation toward $120K is possible, supported by volume.
⚠️ Risk Management: Current volatility is high. Traders should monitor these key levels closely and use stop-loss orders to mitigate risks.
Bitcoin Turns Bullish: The Start Of A New Cycle (Altcoins Boom)November is the month that BTCUSDT (Bitcoin) starts growing above a 1,279 days long resistance range. This range, between $65,000 and $74,000, worked as resistance between April 2021 and October 2024. In November 2024, Bitcoin entered a new phase in its evolution. We are now in price discovery, anything is possible.
BTC/USD: Key CHoCH and BOS Levels Indicating Potential Bullish Technical Overview:
This BTC/USD chart highlights significant Change of Character (CHoCH) and Break of Structure (BOS) levels, indicating potential bullish momentum. Price is currently testing a key support zone, offering a possible entry for a long position.
Key Levels:
- Entry Zone: $98,100 - $98,200
(Buy near this support zone after confirmation of bullish momentum.)
- Stop Loss (SL): $98,000
(Below recent BOS for risk management.)
- Take Profit (TP):
Target 1: $98,528
Target 2: $98,731
Analysis:
- Support Zone: Price is consolidating near $98,100 after a bullish CHoCH and BOS, suggesting
buyer interest.
- Bullish Scenario: A bounce from $98,100 could drive the price toward $98,731, with
intermediate resistance at $98,528.
- Risk Management: Set SL below $98,000 to protect against false breakouts.
* Plan your trades with discipline and always manage your risk. Let me know your thoughts on this setup!"
BITCOIN (Near Breakout level)What I see:
An impulsive wave from A to B
(As we already know After every impulse had a correction)
After made a high, price may correct to 50% of the impuse wave & made a low of 49000
Now here I see two things:
Pole & Flag pattern
BoS (Break of Structure level)
Take buffer of 1500 points for confirmation.
Then closing above 75300 we may see an impulsive move again which leads to price 89000
What to do:
Just wait and watch mode.
Targets: 89000, 92000, 95000, 98000
Idea got invalid if any candle closes below 48800
I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
BTC | GOLD | PRICE ACTION ANALYSIS | 20 NOV | HINDIThanks for watching today's Forex and crypto market analysis!
In this video, I break down the latest price action movements for major Forex pairs, Bitcoin (BTC), and Gold. I focus purely on price action to help identify key levels and potential trade opportunities. If you enjoyed the content, please like, subscribe, and hit the notification bell for daily updates on the markets.