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BTCUST trade ideas

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.
Long
by jain_abhishek
2
#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.
Long
by MoonTradingForecast
1
#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
Long
by MoonTradingForecast
1
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.
Short
by itsmcasalinii
1
#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
Long
by MoonTradingForecast
#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
by MoonTradingForecast
1
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:
by TradeINEX
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
Long
by SuperNova396
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, Like Share and comments on chart analysis too...
Long
by AskToRahulSirohi
#Bitcoin Update on Wednesday 31.07.2024 A.O.A And Good Morning#Bitcoin Update on Wednesday 31.07.2024 A.O.A And Good Morning To All Brothers and Sisters! #Bitcoin continue Dropping down and After My Yesterday Analysis Bitcoin Has Confirmed the Breakout on 4H Time Frame. And Just Now Has Retest The Brekout(See Last Candle Whats Next?? Now We Have 2 Supports Arrow#3 and Arrow#4.. But if Price Reverse and Break Arrow#2. Then We Have Again Bullish Scenario. Reason Is Bitcoin has Completed Retracement on 4H but on Daily If Break Arrow#2 then Is Bull Flag. #ALTS AS i Mentioned Yesterday #Alts Can Suffer More then #Bitcoin. Many Alts Coin Are Again On Entry Point. Another Opportunity if You Missed The Entries. But i Suggest to Close The Trade If you are On Breakeven. And Reopen again when Price Break and Retest Again. I Wish You All Very Nice Day.
Long
by MoonTradingForecast