Bitcoin will act choppy in the coming week. #BTCBINANCE:BTCUSDT.P
Bitcoin is moving inside a bullish channel for the last few weeks on 4 hr chart. Even then it will be difficult to say that bitcoin will break this channel very soon as the current issues happening all around the world. So please be cautious!
BTCUST.P trade ideas
2024.08.08 Whale Trends & IndicatorsHello, I'm Whale_signal
It's BTCUSDT-1D chart that I posted
I told you that the trend that settles the purple whale trend and the red resistance whale trend is the most important
In the end, we're constantly being resisted, and we're continuing a frustrating trend
I think we need to watch the purple whale trend and the red whale resistance trend for the trend to shift still
Until then, I don't think we know if the recent strong rise can continue or if it will only be a technical rebound and continue the decline!!
Look at BTCUSDT-1D chart and check the materials that I uploaded 4H and 1H
Don't just look at one, but split it from the flow of big candles into quarters and see the flow of small units!!!
Press $50 Rocket Boosters and Ethereum View Revealed!!!$$
(I've already revealed other places, but if you pay a lot of attention to them, I'll distribute more materials)
***Whale Trend Strength***
Purple > Blue > Green > Yellow > White
(Purple trend is colon whale, white is baby whale)
Then, BYE
BTCUSDT: Brewing a Bullish Breakout?BTCUSDT is setting the stage for a potential breakout with a classic rounding bottom pattern on the weekly timeframe. Since March, the pair has been consolidating and recently a significant sell-off is seen from the 70,000 level. This price action suggests the formation of a handle, which often precedes a bullish breakout.
Key Levels to Watch:
Immediate Support: 50,580
Immediate Resistance: 68,250
If BTCUSDT inches toward completing this pattern, traders should monitor for breakouts beyond these key support and resistance levels. This setup could lead to a significant surge in momentum, so stay alert for any sudden moves!
Disclaimer:
This analysis is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Always do your own research and consult with a financial advisor before making any trading decisions.
Keep an eye on 15 mins chart 15 Min timeframe -
Bitcoin is moving in a channel when the price is increasing and we can not see the volume, It is moving toward the range of 58600, where we can see the rejection.
In case BTC break below the channel,, we can open the short position it will be a low risk high reward setup
BTCUSDT: Critical Support and Resistance AnalysisOverview :
BTC has experienced significant volatility recently. The previous support zone of $56.7K to $57.4K has turned into a strong resistance due to the mass sell-off on August 5th. Currently, BTC is navigating a critical support-resistance zone with potential for significant price movements in either direction.
Key Levels :
- Resistance Zone: $56.7 - $57.4
- Liquidity Zone: $52.3k - $50.6k
Recent Price Action :
- BTC had previously found strong support, which has now flipped to a formidable resistance level.
- A mass sell-off on August 5th caused BTC to break through this support, turning it into resistance.
- BTC swept all liquidity and retraced back to the liquidity zone.
Potential Scenarios :
- Bullish Scenario:
→ If BTC breaks above the current support-resistance zone and sustains above the resistance, it could indicate a strong bullish move.
→ This breakout could lead to an upside move, potentially targeting higher resistance levels.
- Bearish Scenario:
→ If BTC fails to break above the resistance and gets rejected, it could trigger a downside move.
→ In this case, BTC might revisit the liquidity zone again.
→ A break below this liquidity zone could result in further downside
Conclusion :
Traders should closely monitor BTC's price action around the current support-resistance zone. A decisive move in either direction will provide a clearer indication of BTC's next potential trend. Stay vigilant and adjust your trading strategies accordingly to capitalize on the upcoming market movements.
However with UnTrade's in house mathematically robust algorithms like BARS which almost captured entire sell-off can be a safe haven for those investors/traders looking to generate some systematic returns over their portfolio with time without having to manually open positions.
Snake Pattern (Beware of Snakes)Snake Patterns: A New Perspective on Technical Analysis
Uncover the hidden potential of the market with the newly discovered Snake Patterns. These unique formations, meticulously identified through in-depth chart analysis, offer a fresh approach to technical trading. Learn to recognize and interpret these patterns to gain a competitive edge.
Key features:
Introduction to Snake Patterns
Identification criteria and characteristics
Potential trading signals and opportunities
Risk management considerations
Real-world examples and case studies
Whether you're a seasoned trader or just starting, Snake Patterns can add a new dimension to your trading arsenal. Beware of the lurking opportunities and let these patterns guide you towards profitable trades.
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 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.