USDTBTC trade ideas
BTCUSDT Be ready for $69000 or $64750Per My analysis it seems that market back with $69000 or goes down $64750.
Bitcoin Halving 2024: All What You Need To Know📈 Technical analysis BTC/USDT
Bitcoin is undergoing a local correction ahead of the halving, scheduled for April 20th. The price of BTC has already reached the 0.5 Fibonacci retracement level from the last upward impulse and is currently testing the dynamic support line EMA 50 4H. In case it doesn't withstand the pressure from sellers, we expect the price to move towards the nearest significant support block at 65,000 - 66,000, which is at the 0.78 Fibonacci level. Currently, the price is moving within the bounds of a symmetrical triangle. However, if it breaks below its lower boundary, the targets for this correction could be the Imbalance 4H zones (64,000 - 65,000) and Imbalance 1D (58,000 - 60,000), where it's necessary to fill gaps in horizontal volume trading levels.
For a resumption of the uptrend, the price needs to establish itself above the upper boundary of the forming triangle and overcome the significant resistance block at 73,000 - 75,000. In this case, the target for Bitcoin's pre-halving rally could be a test of the global trend line in the area of the significant resistance block at 80,000.
📉 Bitcoin market global analysis
Bitcoin is showing positive dynamics despite a decrease in the interest of large investors in spot Bitcoin ETFs and sales of coins by miners. The price of Bitcoin is entering the stage of a pre-halving bull rally. However, historically, Bitcoin halvings have been preceded by corrections. At the moment, we are considering two possible scenarios around the Bitcoin halving:
Updating the historical maximum before the halving in the range of 80,000 - 87,000, after which a deep correction is likely before the continuation of the bull rally. To realize this scenario, the price of Bitcoin needs to hold above the 70,000 level with a weekly candle. If Bitcoin can maintain its growth momentum until the halving, we may expect a global correction of the entire growth since 2023. Indeed, the halving could signal a sell-off based on the cryptocurrency reaching a local maximum.
A more significant correction now and updating the historical maximum after the halving, against the backdrop of changes in the Fed's policy and liquidity inflows into the markets.
Above the current ATH, we have no more resistance levels based on historical data. Therefore, to determine growth targets, we will use trend lines, Fibonacci extension levels, and analysis of accumulation of large order blocks in exchange order books.
We have a local upward trend line, which has been relevant since November 2023. Its test could occur at the 75,000 level, confirmed by a significant block of pending orders. Furthermore, in the range of 80,000 - 90,000, there is a global trend line built on the peaks of the two previous Bitcoin cycles. Additionally, the 1.38 Fibonacci extension level is located there. The highest trend line is in the range of 1.61 - 1.78 Fibonacci levels, and its test could start from the 100,000 level.
💠 Analysis of zones and levels for making trading decisions
The Fear and Greed Index is in the extreme greed zone at 80.
The total market capitalization of the cryptocurrency market has decreased to 2,513 billion dollars, and the Bitcoin dominance index has risen to 54.15.
According to the analysis of the accumulation of large order blocks in exchange order books, demand and supply zones are located at the following levels:
🟢 Demand Zone: 60 000 - 66 000
🔴 Supply Zone: 73 000 - 80 000
Levels for long positions:
66,000: Retest of the local trendline support
60,000 - 62,000: Significant support block
55,000 - 58,000: Significant support block
Levels for short positions:
75,000: Significant resistance block
80,000 - 87,000: Test of the global trendline
100,000: Psychological resistance level
📊 Fundamental analysis
With just 11 days remaining until the highly anticipated event in the cryptocurrency market - the Bitcoin halving scheduled for April 20, 2024, anticipation is high. This event will halve the rate at which new BTC enters the market. Historically, the three previous Bitcoin halvings in 2012, 2016, and 2020 sparked cycles of cryptocurrency growth due to the formation of its deficit.
However, the latter half of April may prove to be highly unstable for Bitcoin due to the commencement of Quantitative Tightening (QT) by the US Federal Reserve, where the government reduces the amount of money in circulation. A true bullish market may only commence after May 1, when the Fed eases its QT measures and the US Treasury likely injects an additional $1 trillion, which should bolster market liquidity.
Interest from large investors in spot ETFs is waning. Weekly inflows have failed to return to the levels seen at the beginning of March. Meanwhile, trading volumes have decreased from an average of $43 billion to $17.4 billion.
Competition among miners has reached unprecedented levels. The Bitcoin network's hash rate has surged to approximately 600 EH/s compared to 116 EH/s since the last halving. This leap signifies that miners now require significantly more effort and resources to mine the same amount of BTC. At the same time, miners have begun actively selling the coins they mine. In late March, daily sales on over-the-counter platforms reached 1,600 bitcoins, marking the highest level since August 2023.
🌐 Upcoming Events in the Global Economy
The following dates are expected to bring increased volatility in both the stock and cryptocurrency markets:
➤ April 9th, 15:30 - US Consumer Price Index.
➤ April 20th - Bitcoin Halving.
➤ April 25th, 15:30 - US GDP Data for Q1.
➤ May 1st, 21:00 - New Federal Reserve Interest Rate Decision.
➤ June 12th, 21:00 - New Federal Reserve Interest Rate Decision.
📈 Statistics of signals from our AI trading indicator:
In March 2024, the price of BTC has updated its ATH amid expectations of halving and an influx of capital into spot Bitcoin ETFs. 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 signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements.
Total price movement by all signals: + 36.59%
Maximum price movement: + 16.90%
Average price movement: + 9.14%
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:
Bitcoin Red alertDon't get wrecked! #BITCOIN
Scalping with high leverages during times like these is a risky game. Market makers are toying with global sentiments, especially with the Big #BitcoinHalving just around the corner.
Cut through the noise; stick with spot trading exclusively.
Stay safe, earn safe.
Watch this triangle This is simple triangle hope it meets target.. it will break the triangle and move upside
Bitcoin - 2 days left before halvingBitcoin goes through 5 C beats in the double correction wave cycle in H4: The bit runs a zigzag x flat x zigzag wave, a double wave that is rarely seen in Bitcoin's strong upward cycle in previous beats. Bit actually did a pretty good job as a sentiment maker, making quite a few people "frustrated" about this season's cycle. Countdown to Bitcoin Halving
Bullish patternAs the price is making lower lows but the rsi is making higher lows means the bearish momentum is squeezing and bullish momentum building up . If everything goes right then we will see the next rally otherwise we are f*cked .
$BTC | 1H: HTF Plan:I believe that a local top has been formed on the higher time frame for $Bitcoin. The key liquidation levels to watch are at 72k and 59k.
My prediction is that Bitcoin will likely retest the 59k level before reaching a new all-time high.
The #Bitcoin event is just two days away. Spot buyers seem to be lacking strength.
Many are currently shorting Bitcoin, but we may see a short squeeze before the halving event, followed by a subsequent dump. BINANCE:BTCUSDT
BITCOIN PRICE ANALYSIS Bitcoin, the maiden cryptocurrency, is hanging and swinging in level from 62k to 72k for more than 50 days. The geopolitical tension has made steep decline in entire crypto market. Currently there is no clear sign of any direction, viz. Up or Down. So it is better to wait and then take any decision for trade in BTC.
ALTS can be traded according to effect of BTC & its dominance in lower time frame.
BTC long 4th wave finishsBTC long after 4th wave finishes, the best part of the weekly wave has been finished month ago, we are now in 4th wave and be ready for the 5th wave which is the strongest one
$BTC | 1H: Short-term Plan:
Hong Kong's approval of a BINANCE:BTCUSDT Spot ETF and the anticipation of a new all-time high ($75k) above the previous point of interest at 68.5k.
The recent dip caused by tensions between Iran and Israel has led to the liquidation of long positions, Now time to liquidate shorts. Let's go for it!
BITCOIN BELOW 50K❗❗❗❗SELLWorst case scenario it will go below 50K.
As you guys already knew the geopolitical tension.
Middle East getting worsen.
Oil is about to explode up because oil supplies can't transfer properly
through ships and so asset will move to safe haven.
BITCOIN is consider risky as of now by the market.
And halving is on the way .but this time is different.
Learn to analysis by yourself.
BTC will return back to 70k in upcoming 2 - 3 daysBTC is ready to flip as halving is nearing, BTC will again shock by liquidating shorts in upcoming days. Hold on spots or low Leveraged longs are expected by the traders.
14th APR 2024 BTCUSDT Goes to Near to $66200#BTCUSDT after war new might we can expect the market try to touch $66200 per my analysis let see what happens.
BITCOIN BEARISH MODE SO READY FOR $50,000 ?#BITCOIN BEARISH ALERT
Market Status: Bearish
Key Observations:
Pattern Breakdown: Bullish Pennant formation has been compromised.
Trend Line Status: Currently trading below the key trend line.
Targets: $50,000
Condition:
This target is set under the condition that #BTCUSDT remains below $65,500.
Keep a close eye on the price movement. A sustained position below $65,500 could confirm the bearish momentum towards our target.
Stay tuned for further updates!
CRYPTOCAP:BTC #Cryptocrash
BITCOIN movements upto Halving ZoneAs per Bitcoin 4-hr. chart Pattern,
its moving under Bullish Pattern with inner side bearish & bullish signals of $4k to $5k approx. bumpy rides under $71k to FWB:65K upto time frame of CRYPTOCAP:BTC #HalvingZone around 20-22 April 2024, afterwards Bitcoin goes towards a major correction cycle of 60-90 days as per daily cycle and then it will be make another Bullish Rides of this year upto $220k-$250k at per present scenario of bitcoin movements from mid of june.
Lets see, what's next pattern,
but, always #DYOR as well Trade wisely by using of #Stoploss.
&
LIKE COMMENT SHARE into our signal patterns too.
06th APR 2024 BTC going to long.Looking at number and analysis it seems BTC could go $68800 nearby. we can go with long.
Yo! are we back in Bull mode?
It seems that Bitcoin has finally broken through all the resistances along the way, reaching a new all-time high before the halving in 2024. It would be really surprising to see the upcoming moves just before and after a few days of halving around April 20-25, 2024.
Disclaimer: The information provided in crypto chats is solely based on personal research and analysis. It is not intended to be construed as financial or investment advice. Any decisions made based on this information are at your own risk. Cryptocurrency markets are highly volatile and speculative, and investing in them carries inherent risks. Always conduct your own due diligence and consult with a qualified financial advisor before making any investment decisions.
Bitcoin Symmetrical Triangle Fake breakout#BitcoinUpdate | CRYPTOCAP:BTC Trading Insights
Current Formation: CRYPTOCAP:BTC is sculpting a Symmetrical Triangle, suggesting a pivotal movement ahead.
Recent Activity: Noticed a Fake Breakout with $BTC/USDT, reverting to trade within the Symmetrical Triangle.
Bearish Alert: Caution if #BTC plunges below $65k. This level is a critical juncture for future trends.
Strong Support: Steadfast at $65,000. Bulls dominate above this threshold.
Trading Strategy: Hold your trades until a clear Symmetrical Triangle Breakout. Patience is key.
Bullish Outlook: An upward breakout could signify a monumental bull run for Bitcoin.
Engage & Share: RT/Like if you find this setup aligned with your market expectations. Let’s ride the wave together!
Market uncertaintyThere is rsi and macd divergence in 1 hour time frame , But it has a catch there is not enough volume in market so the market movement is un certain . 😉
$BTC | 1H: Game plan:We will be looking to enter a long after the Monday low swept with POI and 200 EMA confluence.
It seems that spot buyers are showing strength while shorts are shorting, which could potentially send CRYPTOCAP:BTC higher.
Our targets for this week are as follows:
1. 72k Liquidation✅
2. 73k Sell order 🔄
3. 75k New ATH 🔄
Bitcoin: Symmetrical Triangle PatternHey Guys,
Currently Bitcoin in Symmetrical Triangle Pattern, if support is formed above the trendline, a new all-time high will be seen.
See chart for more understanding. Don't forget to hit Boost Button & If you want more such ideas then follow me..!!
Disclaimer: I am not financial Advisor; this is my opinion I am some guy on the Internet. Crypto market is highly volatile, do your own research and jump into the trade..!!
