BTC 1ST NOV 2024 ANALYISBTC Market Analysis
Bitcoin is experiencing strong bearish momentum, with consistent breakdowns of previous lows. In such conditions, always wait for a clear change of character before considering any long trades. Recently, BTC tapped into a previous order block, which initially attracted buyers. However, it quickly reversed, trapping these buyers, and moved down toward a lower order block.
This new order block is crucial since it aligns with a 1-hour timeframe resistance, which may act as potential support. My approach would be to wait for BTC to break above this minor order block zone and look for a pullback entry on the retracement.
Be mindful that price could also fake out above this level and fall back, trapping more buyers. So, it’s critical to stay patient and let price action develop rather than jumping into a trade prematurely.
Stay patient, and only trade once BTC shows its next move.
If you found this breakdown useful, consider following for more trade insights.
BTCUST.P trade ideas
XAUUSD | BTCUSD | PRICE ACTION ANALYSIS | FOREX | 30 OCT | 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.
Updates for October 30, 2024Bitcoin (BTC/USD)
Current Support Levels: Bitcoin now finds support near $72,000, with a critical secondary level around $70,500.
Resistance Levels: The next resistance sits near $73,500, with potential extension towards $75,000 if upward momentum holds.
Buy/Sell Strategy: Look for a buy position near $72,000, targeting resistance levels at $73,500 or higher.
Stop-Loss: Suggested stop-loss around $70,500 to safeguard against downside risk.
BTCUSD | XAUUSD | FOREX | CRYPTO | 29 OCT | 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.
SWING TRADE IN BITCOIN - TRADE ON SHORT SIDE FOR HUGE PROFITSymbol - BTCUSDT
BTCUSDT is currently trading at 68200
My reversal setup has formed in BTCUSDT & I'm seeing a trading opportunity on sell side.
Shorting BTCUSDT Futures at CMP 68200
I will add more position if 69000 comes & will hold with SL 70300
Targets I'm expecting are 65920 - 63300 - 60875
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Whale Indicator ($2300 Revenue Available, Congratulations)Hello, I'm Whale Signal
Here's a quick recap of the Bitcoin trading ideas I shared in Trading View yesterday
Bitcoin is forming a triangular convergence pattern, and we need to closely monitor whether it breaks through the upper resistance line or deviates from the lower low based on the important sell-off. We've explained that, and we've shared some of the main sell-offs that you must check for that
As a result, Bitcoin broke above the top of the trend, supporting the main resistance stand within the triangle convergence pattern
Following the retest, additional gains were made using the main selling point as a springboard, and the opportunity to realize $2,300 in revenue was provided
One thing that's unfortunate is that if a clearer retest had been made after the breakthrough, more people would have easily earned profits
In fact, some of those who expected a retest missed the opportunity, but those who entered after seeing the breakthrough rise must have made a good profit because they clearly broke through the sale table and closed it immediately
Congratulations to those who responded flexibly as Bitcoin broke through the main selling point and met the rising conditions
<>
Yesterday, I made the first purchase in the retest section of triangular convergence, and after the breakthrough of the sale table was confirmed, I added the second purchase of burning, and I am currently proceeding with the partial next day
The remaining holdings are holding in anticipation of further upside, with the price of StopRose set at the price of the buy
We are currently expecting further rise and are waiting for TP2 (target to reach 2)
Looking at the price range, we're looking at the early-mid 72K, and you can find the specific price target in the real-time chart link below
The next inflection section could be a very important point for futures traders, so be sure to check it carefully
*I don't share a point of view. It's a personal opinion, and the whale indicator simply points to support and resistance. I hope you guys take a RBI single through the whale indicator in your analysis*
*For more detailed analysis and real-time updates, please check the real-time chart sharing guide link below*
<>
1. The whale indicator simply points to support and resistance
2. Please refer to the whale index to find a trading RBI suitable for your analysis
3. The shape
Bitcoin on October 29, 2024Resistance Levels:
Primary Resistance: $69,500. If Bitcoin sustains momentum, this level could be tested as a key resistance, where profit-taking might occur.
Secondary Resistance: $70,000. Should Bitcoin push past the initial resistance, this level could be a critical barrier, potentially drawing more selling interest.
Support Levels:
Primary Support: $68,200. This level has shown recent buying interest and could offer a stabilizing point if Bitcoin faces a pullback.
Secondary Support: $67,500. A breakdown below $68,200 could lead to further declines toward this stronger support zone.
Strategy and Outlook:
Bullish Scenario: If Bitcoin breaks and holds above $69,500, it could signal a continuation toward the $70,000 mark, reinforcing a bullish outlook.
Bearish Scenario: A failure to sustain above $68,200 may increase selling pressure, pushing the price down to test the $67,500 support.
These levels provide actionable points for both potential breakouts and pullbacks, allowing traders to assess real-time movement and volume for intraday positioning
Bitcoin on October 29, 2024Resistance Levels:
Primary Resistance: $69,500. If Bitcoin sustains momentum, this level could be tested as a key resistance, where profit-taking might occur.
Secondary Resistance: $70,000. Should Bitcoin push past the initial resistance, this level could be a critical barrier, potentially drawing more selling interest.
Support Levels:
Primary Support: $68,200. This level has shown recent buying interest and could offer a stabilizing point if Bitcoin faces a pullback.
Secondary Support: $67,500. A breakdown below $68,200 could lead to further declines toward this stronger support zone.
Strategy and Outlook:
Bullish Scenario: If Bitcoin breaks and holds above $69,500, it could signal a continuation toward the $70,000 mark, reinforcing a bullish outlook.
Bearish Scenario: A failure to sustain above $68,200 may increase selling pressure, pushing the price down to test the $67,500 support.
These levels provide actionable points for both potential breakouts and pullbacks, allowing traders to assess real-time movement and volume for intraday positioning
Monday, October 28, 2024, here is a Bitcoin trading setupBuy Position: Around $63,000 if there’s a pullback to this level. This zone is seen as a strong support where buying interest might emerge, supported by recent bullish signals around $62,000 - $63,000.
Sell Position: Consider shorting if Bitcoin approaches $67,244 without breaching resistance, as this area has been noted as a likely reversal point if buying momentum does not continue.
Targets:
For a Long Position:
Target 1 (TP1): $70,000, where initial resistance could appear.
Target 2 (TP2): $72,000 for those looking to hold for a further potential upside, aiming for an 18% return if the trend holds bullishly.
For a Short Position:
Target 1 (TP1): $63,000, aligning with the support zone where buyers might re-enter.
Target 2 (TP2): $61,000 if selling pressure continues below $63,000, breaking the bullish outlook.
Stop-Loss Levels:
For a Long Position: Place a stop-loss at $60,000 to protect against potential downside if the price falls below this significant support.
For a Short Position: Use a stop-loss at $67,500 to mitigate risks if the resistance breaks and bullish momentum strengthens.
Summary:
The overall sentiment for October 28 leans toward a cautious bullish outlook, contingent on Bitcoin holding above $63,000 and breaking past $64,500. Close monitoring is advised, as failure to break resistance or a decline below $60,000 would shift the outlook toward bearis
Bitcoin is to $72,000? Bitcoin has broken the ascending triangle towards upside and looks very bullish . It can probably touch $72,000 area very soon.
What is your opinion on this? Comment below 👇
BINANCE:BTCUSDT
Bitcoin is to $72,000? Bitcoin has broken the ascending triangle towards upside and looks very bullish . It can probably touch $72,000 area very soon.
What is your opinion on this? Comment below 👇
BINANCE:BTCUSDT
10.28 Whale Indicator (predicted USD 1200 rise, congratulations)Hello, I'm Whale Signal
Through the last point of view, you were able to predict a 1,200-dollar rise and a 1,900-dollar rise
We will continue to do our best to analyze trends so that you don't miss useful information that can generate profits despite market volatility
First, let's look back on the last analysis
In the last analysis, we said that the support line of the white whale indicator would be an important defense point, but it continued to rise with a press at the hour mark
There was a very slight departure from the first candle, but the opportunity to buy the retest was again offered within the range of the hand's end, and I told you to keep an eye on the 68.5-69K range if the uptrend continues
We explained that this is because this is a section where there is a possibility of disappointing sales if the head-and-shoulder pattern and Dow theory fail to break through the high point
As a result, Bitcoin has seen a sharp decline, leaving a tail around 68.7K
Those of you who have referenced my analysis have the opportunity to expect a return of about $1,200, and if it has helped you with the sale, I would like to congratulate you from the bottom of my heart
Subsequently, a downward break from the support of the white whale indicator at the one-hour bar after receiving resistance led to a drop of about $1,900 in the next candle retest segment
In a previous article, I mentioned a strategy of maintaining a loss line in the event of a departure from the white whale indicator, implementing some blade and main liquidation, and continuing to hold the remaining volume
For those who have sold under this strategy, it is believed that it would have been possible to liquidate the partial day and the main account
However, if further guidance had been made on the support section below, it would have been more profitable
There were some regrets due to the long bottom tail, but as a result, I think we shared a good trading strategy
Let's move on to today's analysis
⚠️Btcusdt - 1H
Bitcoin has been seen going sideways over the weekend in a breathtaking segment
Now, a week before the U.S. presidential election, there is a possibility that there will be a move to confirm the direction in the market
Currently, Bitcoin appears to be forming a convergence pattern
If this convergence is correct that it is progressing, we need to look closely at whether it breaks through the previous high or if it deviates from the previous low or if it can support it without
In particular, if the upper resistance trendline and previous high breakthrough are confirmed, more attention will be paid to the important "core interval" in the whale indicator
This is because we believe that the key section can be an important gateway to open up new market trends in the future
In addition, we will carefully watch for the breakaway from the low, as trading volume has been on the defensive lately, whether it is triangular convergence or not
If the trend continues to break lows in Dow theory, we need to focus on the sell-off segments below
The whale surface area plans to respond flexibly based on specific trend lines in this situation
(I've shared important sales tables that I must check today, so please check them out when you have time.)
*I don't share a point of view. It's a personal opinion, and the whale indicator simply points to support and resistance. I hope you guys take a RBI single through the whale indicator in your analysis*
*For more detailed analysis and real-time updates, please check the real-time chart sharing guide link below*
<>
1. The whale indicator simply points to support and resistance
2. Please refer to the whale index to find a trading RBI suitable for your analysis
3. The shape of the rod finish is important for whale indicators, so checking the closing rod helps with a stable trading strategy
4. Whale surface intensity is in the order of purple > orange > white, with purple surface indicating the strongest support and resistance
Bitcoin's price action on October 23, 2024here's what to expect based on current technical indicators:
Bullish Scenario:
If Bitcoin manages to hold above $66,000, expect a possible upward movement towards $68,743, which is the key resistance level. Breaking above this resistance could trigger a further rally, targeting $71,645 and potentially $73,687
Bearish Scenario:
If Bitcoin fails to hold the $66,000 support, the next potential downside could bring it toward $64,800, which serves as a secondary support level. A break below this may lead to a bearish continuation
Price Action Summary:
Bullish above $66,000, targeting $68,743 and higher if resistance breaks.
Bearish below $66,000, targeting $64,800
BTC | XAUUSD | MAJOR PAIRS | FOREX | WEEKLY PA ANALYSIS |Thanks 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.
Reason Y GOLD Dumpedif u check 1 hr time frame gold closed below recent ob/ low and did a immediate recovery..immediate sellers are trapped..price also tried respecting 0.618 zone by giving a good healthy red candel but trapped sellers there too..price swept the last major high and closed 1h candel below indicating liquidty sweep... we look at a minor low being taken and enter at retracment in lower time frame..for more confirmation u can wait for major low be taken and enter for shorting oppurtunites..tp will be major order blocks only..i caught 13rr trade in this setup..
24.10.25 Whale Index (Congratulations on the $1200 rise)Hello, we're Whale Signal
Analyzing Bitcoin's 1-hour chart yesterday, I told you that you need to observe it carefully in the retest segment when it settles on the white whale indicator
In fact, since the exact retest on the white whale indicator, we've seen a rise of more than $1,200
Congratulations to those who earned profits
My current view is that once again, the support line of the white whale indicator should be an important defense line. (Please note that the white whale indicator is updated in this uploaded chart.)
To sustain Bitcoin's current uptrend, we believe it's essential to keep the recent breakthrough sales range
If further rise continues, the movement in the 68.5K to 69K section becomes important again
This is the position where the formation of the head-and-shoulder pattern can be expected in the section,
This is due to the possibility of a disappointment sale opening if it fails to break through the highs under Dow theory
If the upward breakthrough fails due to continuous resistance in the 68.5K to 69K section, this section may become the entry point for a common short position. In this case, we plan to clearly establish a loss line, sell some of the supplies, and proceed with the main liquidation at the same time, and to hold the remaining supplies
However, if we break through the 68.5K~69K section and settle down (I think we should pay close attention to the 4 hours and the daily salary rather than the 1 hour salary), we plan to open up a scenario of further rise
If we continue to deviate from the white whale indicator at the bottom, we will need to closely monitor the overall situation of the market, but in this case, as mentioned earlier, we will maintain a strategy of implementing some blade and main liquidation while maintaining the loss line and holding the remaining volume
The above strategy is a risk management plan that can respond flexibly to market volatility and aims for a systematic approach based on critical resistance and support lines
It's unclear whether the market will move sideways this weekend or there will be high volatility, but we need to focus on important resistance and support segments ahead of the U.S. presidential election
*I don't share a point of view. It's a personal opinion, and the whale indicator simply points to support and resistance. I hope you guys take a RBI single through the whale indicator in your analysis*
*For more detailed analysis and real-time updates, please check the real-time chart sharing guide link below*
<>
1. The whale indicator simply points to support and resistance
2. Please refer to the whale index to find a trading RBI suitable for your analysis
3. The shape of the rod finish is important for whale indicators, so checking the closing rod helps with a stable trading strategy
4. Whale surface intensity is in the order of purple > orange > white, with purple surface indicating the strongest support and resistance
BTC | GOLD | PRICE ACTION ANALYSIS | 24 OCT | 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.
24.10.24 Whale IndexHello, I'm Whale Signal
Referring to the purple whale indicator in the last four-hour Bitcoin chart analysis, the upper tail resistance occurred several times and eventually failed to break through, accelerating the downtrend
As a result, Bitcoin saw a huge drop of about $2,300
At the time, I mentioned the possibility of going down to the 64K to 62K section in case of further decline, but unfortunately, it has not reached that section and is showing an upward trend again
However, the $2,300 drop was enough to generate revenue from the next day, and if you've used whale indicators to realize profits, congratulations
Now, it's time to pay attention to the Bitcoin hour chart
That's why we believe an important position is being formed right now
1. This is because the bottom tail was formed along with the trading volume where the sales overlapped during the recent downtrend. This can be interpreted as a sign of the market's willingness to rise
2. Since the trap, it has re-entered the market and continues its short-term upward trend, so it is necessary to carefully examine whether this trend will continue without breaking it
3. It also coincides with the Fibonacci 0.382 interval for the recent uptrend, which can expect a stronger rebound
In particular, it is important to closely observe the movement in the retest section if it settles on the white whale surface on an hour stick basis
Since it is a position that has been resisted several times, we cannot rule out the possibility that if it continues its uptrend by breaking through the highs on the white whale index and Dow theory, it will open up further upside sections
Conversely, if we don't consistently break through the white whale indicator and continue to decline further, we'll need to closely monitor market conditions once again and devise a more cautious trading strategy
I hope you will respond carefully to the Bitcoin movement in the future and wish you a successful sale
*I don't share a point of view. It's a personal opinion, and the whale indicator simply points to support and resistance. I hope you guys take a RBI single through the whale indicator in your analysis*
*For more detailed analysis and real-time updates, please check the real-time chart sharing guide link below*
<>
1. The whale indicator simply points to support and resistance
2. Please refer to the whale index to find a trading RBI suitable for your analysis
3. The shape of the rod finish is important for whale indicators, so checking the closing rod helps with a stable trading strategy
4. Whale surface intensity is in the order of purple > orange > white, with purple surface indicating the strongest support and resistance