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BTCUST trade ideas

BITCOIN DOMINANCE INCREASE ( BTCUSDT ) Bitcoin's market dominance has surged to an all-time high, standing at over 49% and nearing 50% of the total cryptocurrency market capitalization. This trend is attributed to a recent price increase, driven by a sharp spike around October 16th. However, trading volume has dipped by over 40%, and the market cap has slightly decreased. Bitcoin is currently trading at around $28,400 with an RSI above 60, indicating a strong bullish trend. The RSI position also suggests a potential price decline, which could lead to reduced market dominance.
Long
by tradewith_ritik
Big Daily Overview of market 🚀 BTC/USDT vs. USDT.D Market Analysis 🚀 The entire crypto market is ablaze with excitement! 🔥 But let's take a closer look at the CRYPTOCAP:BTC scenario – it seems that the path to the 22-21K range is inevitable, sooner or later. On the flip side, USDT.D has artfully completed its 2D FVG and seems poised to surge past the swing high level. In contrast, BTC might just be gearing up for a full retracement, potentially down to the 0.618-gap level at 21K. It's all about confluence! Remember, this might not unfold overnight, but consider this your early heads up. 🚨 Get ready for some thrilling trading action! 📈📉💰 all details are publlished in this chart
Short
by nikousdt
1
BITCOIN TECHNICAL ANALYSIS ( 18th Oct 2023 )Price Analysis Current Price: $28739.02 24-Hour Change: 1.88% Circulation Supply: 19.52M Trend Analysis Technical Indicator : Strong Buy (On Daily Basis) Moving Average : Strong Buy (On Daily Basis) Overall Trend : Strong Buy (On Daily Basis) Key Support and Resistance Levels: Support Level 1: 28125.4 Support Level 2: 27850.3 Resistance Level 1: 28639.0 Resistance Level 2: 23378.7 Moving Averages: 50-Day Simple Moving Average (SMA): 26790.70 ( Buy) 200-Day Simple Moving Average (SMA): 27772.0 ( Buy ) Relative Strength Index (RSI) Current RSI: 67.237 RSI Interpretation: Buy Zone Volume Analysis Trading Volume: $14,616,751,761 Volume Trends: Increasing in Nature Candlestick Patterns BULLISH DOJI STAR : Bullish Reversal ( Indication ), Medium ( Reliabilty ), During a downtrend, the market strengthens the bears with a long black candlestick and gaps open on the second one. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows the potential for a rally, as many positions have been changed. Confirmation of the trend reversal would be a higher open on the next candlestick ( Description ). HANGING MAN : Bearish Revesal ( Indication ), Low ( Reliabilty ), During an uptrend, there is a sharp sell off after a gap to the upside. However, the candlestick closes at or near its high. This signifies the potential for further sell-offs. Since the certainty for a Hanging Man indicator is low, the trend reversal can be confirmed by a black candlestick or a large down gap on the next candlestick accompanied by a lower close ( Description ). Conclusion The live price of Bitcoin is $ 28,739.15 per (BTC / USD) with a current market cap of $ 560.90B USD. 24-hour trading volume is $ 14.61B USD. BTC to USD price is updated in real-time. Bitcoin is +1.83% in the last 24 hours with a circulating supply of 19.52M. It's essential to exercise caution and apply risk management strategies in your trading decisions.
Long
by tradewith_ritik
BITCOIN btc value buying analysis hello everyone welcome to crypto trading ideas and investing charting we are watching btc on weekly and daily basis, from previous down trend we have seen the bullish break of structure, we have seen some liquidity area and internal pullbacks, but currently price is making small bars and moreover sideways this looks like less buying demand at CMP im expecting price to pullback at HTF demand zone theyre marked with green and yellow arrows this will make false breakout need to correct 10-20% disclaimer - im charting this for education and not financial call
by Jimmy_Rebello