BTCUST.P trade ideas
#Bitcoin Update on 01.07.2024#Bitcoin Update on 01.07.2024
A.O.A And Good Morning To All Brother and Sisters
#Bitcoin looks Like In Good Power. But Just Now We Are On Important Resistance. Here We Have Resistance of Last Wave, Daily and 4H Resistance. If #Bitcoin Break This Point then We can See A Good Rally. Next Resistance after This Is 64600(Yellow Area).
#ALTCOINS? for Me Its Too Early for Opening Buy Trades. As I Mentioned in My Last Analysis. I Wait Today's Candle Close, Then Look For New Buy Trades.
I Wish you All very Nice Day.
BTCUSDT SCALPE IDEA FOR SHORTBTCUSDT forms a lower high and lower low at 1Hr time frame if it satisfies the trend line above we could see downward movement to nearly 58k
enter when the candle rejects at the trendline. Trade will fail when the candle closes above the trend line.
proper risk management and capital management are very very important rather than getting profits
please use stop lose!
I will follow up when the trade is active.
#Bitcoin Update on 30.06.2024#Bitcoin Update on 30.06.2024
A.O.A And Good Evening To All Brothers and Sisters.
#Bitcoin is again to to Attack our Last Resistence. and Thats again a Confirmation that we are in mid Term in Range. There is Not a lot of Volume to Confirm This Move.
and Real Move we can See tommorow Evening.
i Suggest to Wait With your Buy Trades and tight Stoplosses on all your buy Trades.
I see most Probelties that price can Drop. But As We Know Bitcoin can surprise.
Another Important Thing is Today Will Close the Monthly and Weekly Candle Both. And From Tommorow we can see more volatilty.
I Wish you all Very Nice Evening.
Why Now is the Best Time to Buy Bitcoin (BTC) - Expert AnalysisArticle:
In the ever-evolving world of cryptocurrencies, Bitcoin (BTC) remains the king. Today, we dive into why now might be the perfect time to buy BTC and how you can capitalize on current market trends. Here’s an expert analysis to guide your investment decisions.
Bitcoin On A Rollercoaster Ride, Will It Safely Land?Bitcoin has a market cap of $1.2 trillion and is currently ranked 1st in the crypto-verse. BTC is currently trading near the value of $61602 with a slight gain in the intraday session.
Bitcoin is forming consolidated candles on the daily chart. It is trading below the 50 and 100 EMA and has given a negative crossover. The upside trend of BTC can observe a halt near the value of $65k. Meanwhile, the support of the asset price can be seen near $58k
The RSI of Bitcoin price is currently near 36 with a small positive slope. The overall sentiment of the BTC is bullish.
Bitcoin consolidation has been continuing despite the bullish sentiment and positive outlook of the ETF. If BTC price has to touch $150k in the near future then a strong surge of active addresses and inflow is required in the ecosystem.
Bitcoin Update on 28.06.2024Bitcoin Update on 28.06.2024
A.O.A And Good Morning to All Brothers and Sisters!
Bitcoin Continue Play With Our Supports And Resistance. But There Is a Compression Setup At The Moment. With Lower High And Higher Lowes. And This Setup Can Break Bullish. We Have just To Have More Patience.
If It Break Bullish then On Weekend We Can Have a Good Rally For #Altcoins.
According to This No Main Charging. We have Just To Wait.
I Wish you All Very Nice Day
#Bitcoin Update on 27.06.2024#Bitcoin Update on 27.06.2024
A.O.A And Good Morning to All Brothers and Sisters!
#Bitcoin Continue The Range Under the Resistance line. We Are Still In Bearish/Range. No Bullish Sign Till Now.
The Analysis Remain On Same Point Like Yesterday's Post.
Resistance and Supports Remain Also The Same.
I Wish You All Very Nice Day
Bitcoin Update on 25.06.2024Bitcoin Update on 25.06.2024
A.O.A And Good Morning to All Brothers and Sisters!
Yesterday Bitcoin Dumped Again After i Sent New Supports and Resistance.
Here we Have New Support and Resistance. And Last 4 Candles tried To Break The Resistance but without Success.
We Are Still Upper Then Second Yellow Line and that means Is Not Confirmed the Downtrend. Actuel Candle Now Try To Break the upper Yellow Line. And If We Close Upper Then That line Daily candle. Then We Can Start Agin With Buy Trades. I suggest to wait till Price break Second Blue Line. Then I Start Giving Buy Signals In Gruop Insha Allah
I wish You all Very Nice Day
Bitcoin 2nd Update On 24.06.2024Bitcoin 2nd Update On 24.06.2024
Bitcoin Dropped A Lot Today. But Finnaly Has Closed Last 4H candle Above Our Yellow Lne I Mentioned in My Last Analysis. Now Is The Final Point. If Price Drop From Here. Then 50K is Secured. But If Price Remain Here. And Bitcoin Dominance Dropped a Bit. Then We Can See A Relly Of #ALTCOINS. Final Direction I can Confirm Just Tommorow after daily Candle Closed??
I wish You All Very Nice Evening
Bitcoin (BTC) technical and fundamental analysis📈 Technical analysis BTC/USDT
The price of Bitcoin is returning to growth amid positive macroeconomic data from the US and a new wave of institutional investor interest in spot Bitcoin ETFs. Currently, the BTC price is moving within a narrow range (65,000 - 72,000), and a breakout from this range will determine the direction of its future movement. At the moment, there is a fourth retest of the descending trendline resistance.
To continue the upward movement, the price needs to secure itself above the trendline resistance and overcome the major resistance block at 72,000 - 73,000. This would open the path to a new all-time high in the range of 75,000 - 80,000. Such a positive scenario could unfold between June 7 and June 12, provided that positive inflation data from the US continues to be released.
However, the RSI indicator is showing a bearish divergence. If buyers fail to push the BTC price above the trendline and it falls below the dynamic support line at EMA 50 4H, we can expect a local correction. The nearest target for this correction could be the major support block at 65,000 - 68,000, which also contains the point of control (POC) for the value area. If this level does not hold against selling pressure, the BTC price may drop into the Imbalance 1H zone to fill the gaps at the horizontal volume levels.
📉 Bitcoin market global analysis
On the daily logarithmic chart, Bitcoin's price has formed a descending wedge pattern. Currently, a retest of its upper boundary is taking place. If buyers manage to secure the price above this boundary, combined with fundamental factors such as a rate cut by the Federal Reserve, it could lead to a new bullish rally, as seen in previous cycles post-halving. Conversely, if the BTC price fails to break out of the wedge pattern, we expect a decline to retest its lower boundary around the 55,000 - 60,000 Imbalance 4H zone.
Above the current ATH, there are no resistance levels based on historical data. Therefore, to determine growth targets, we will use trendlines, Fibonacci extension levels, and analysis of large order clusters in exchange order books. There is a local ascending trendline that has been relevant since November 2023. Its test may occur at the 75,000 - 76,000 level, confirmed by a large block of pending orders. Above this, in the 80,000 - 90,000 range, there is a global trendline built on the peaks of the previous two Bitcoin cycles. There is also the 1.38 Fibonacci extension level. The highest trendline is located in the 1.61 - 1.78 Fibonacci extension range, with its test potentially starting at the 100,000 level.
💠 Analysis of liquidity zones and levels
Fear and Greed Index is currently in the extreme greed zone - 78.
The total cryptocurrency market capitalization has risen to $2.576 trillion, and Bitcoin's dominance index has risen to 54.58%.
According to the analysis of accumulation of large order blocks in exchange order books, the demand and supply zones are located at the following levels:
🟢 Demand Zone: 60,000 - 68,000
🔴 Supply Zone: 72,000 - 80,000
Levels for long positions:
68,000 - Point of Control (POC) of the value area
65,000 - Major support block
60,000 - Psychological support level
Levels for short positions:
72,000 - Retest of the trendline resistance
75,000 - Major resistance block
80,000 - Major resistance block
90,000 - Global trendline
📊 Fundamental analysis
Institutional interest in spot BTC ETFs has surged again, with an influx of +$1.374 billion into these instruments over the past two days. The crypto community is anticipating a Bitcoin bull rally, which could be sparked by a change in the US Federal Reserve's monetary policy. On June 4, labor market data began to be released, indicating a slowing US economy. When the economy slows, inflation decreases, and lower inflation is a key factor for the resumption of money printing and the growth of high-risk markets, including the cryptocurrency market.
The stock market has already reached new all-time highs in anticipation of positive inflation data on June 12 and in light of recent macroeconomic data from the US. However, there are still 4 days left to resolve the issue of the US Treasury redeeming over $10 trillion in government bonds by June 9.
🌐 Upcoming Events in the Global Economy
We expect increased volatility in both stock and cryptocurrency markets on the following dates:
➤ June 6th, 3:30 PM - US Initial Jobless Claims.
➤ June 12th, 3:30 PM - US Consumer Price Index (CPI).
➤ June 12th, 9:00 PM - New Decision on Federal Reserve Interest Rates.
➤ July 31st, 9:00 PM - New Decision on Federal Reserve Interest Rates.
📈 Statistics of signals from our AI trading indicator:
In May 2024, the cryptocurrency market began to recover after correction. 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 6 signals have become profitable, and the built-in Anti-Flat System prevented losses from manipulative market movements.
Total price movement by all signals: + 31.16%
Maximum price movement: + 14.86%
Average price movement: + 5.19%