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Btcusdanalysis

Bitcoin Analysis - The big pictureLooking at the BTC 4H here. We see that the price is currently hitting the H4 Key Level and safety zone and rejecting from there strongly. Based on the price action, I feel we're on the move down with the strong rejection. The price is likely to test the trendline, and bounce back, try a retest of the key level. Depending on whether the price is able to break the retest or not, we will see a new move to the either side. There are some good scalping opportunities during this move that one can take using the smaller time frames till we see a clear direction from BTC. Currently, I'm waiting on a confirmation pattern or a price action to confirm the move to the downside. All we see right now is a rejection from the key levels. It is also possible that BTC will retry to break the zone again which is why a confirmation pattern is really important to take a trade. Just a simple analysis. I'll be doing a deeper one later when I have some time. Hope this helps and happy trading!
by MoneyChartz
BITCOIN: October Key Levels BreakdownBitcoin Technical Analysis: Key Levels Breakdown In this analysis, we see a scenario where Bitcoin might move down first to clear specific liquidity levels, which could generate the necessary buying power to fuel a larger upward movement later. Below, I've clearly defined both the liquidity zones and the support/resistance levels, each serving different but crucial roles in the upcoming price action. Liquidity Levels: These liquidity levels are important as they indicate areas where significant orders are likely resting. When the price moves into these zones, it can trigger a lot of buying or selling activity, leading to increased volatility and potential trend reversals. Essentially, liquidity grabs help gather the buying power necessary for the next major move. $64,500 - $64,000: A key upper liquidity zone. Breaking above this area would likely trigger significant buy orders, pushing the price strongly upwards. $62,500 - $62,000: This zone is likely to be an area of liquidity grab before a potential move up. Traders might see strong activity here as it collects both stop-loss orders and new market orders. $60,000 - $59,500: A deeper liquidity level where substantial buy orders might be triggered. This area could play an important role in re-establishing bullish momentum if the price drops. $57,300 - $57,000: The lowest liquidity zone highlighted. If the price dips this far, it could indicate an opportunity for long-term accumulation, and we could see a substantial bounce back up from here. Support/Resistance Levels: These levels represent important areas derived from Fibonacci retracement values and high volume notes, which are often used to identify potential turning points. They serve as natural areas of support during a correction or resistance during an uptrend. $63,600 - $63,000: This area is currently acting as a resistance level. Breaking above could confirm further bullish momentum. $62,250 - $61,900: A potential support zone. This level might see price stabilization or a bounce if Bitcoin retraces here. $61,200 - $60,800: A critical support area near the daily trendline. Holding this level could provide a bullish setup for a further move up. $59,300 - $58,900: Another significant support area, which may serve as a reversal point if the price drops lower. $58,000 - $57,500: A foundational support level. It coincides with the lowest Fibonacci levels, indicating a strong potential bounce if the price finds support here. Summary: In this analysis, we expect Bitcoin to dip to collect liquidity from some of the identified zones before making a strong push upwards. Liquidity zones are crucial for creating buying power, while the support and resistance levels help identify areas where prices could stabilize or reverse. Watching how Bitcoin reacts at these levels can offer great insight into the market’s next moves, and provide potential trade opportunities. The key takeaway is that after clearing liquidity, a strong bullish move is likely.
Long
by Davy_h
Bitcoin BTC price sets the mood of the crypto marketThe Oc Uptober fest did not go well on the crypto market - sadness, pain, and the red color reigned supreme. But is it really that bad, let's find out. OKX:BTCUSDT price has dropped to $60k and the middle of the channel, where the price has been consolidating for more than 7 months. And although we have set $57k per CRYPTOCAP:BTC as a critical level for ourselves, but maybe we don't need to go there anymore ?) It's better to use 1-2 large green daily candles up to GETTEX:64K per #Bitcoin. Unfortunately, we don't control the market) 🟢 BTC.D - 58.17% 🟢 USDT.D - 5.82%. Both indices are slowing down their growth and trying to turn down, which may be a fresh breath of air for altcoins, but it will probably not be enough for everyone) 🔴 The Fear and Greed Index is 37 (a couple of days ago it was 61), there is already fear, but not yet critical, which is where global reversals usually come from. 🍿 We are waiting for Chinese liquidity to enter the cryptocurrency market, just a little more patience. By the way, LSE:CFX with “Chinese roots” has held up quite well in recent days, it is worth keeping an eye on. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
Bitcoin / USD May Rise to 64,370 - 65,100 (READ DESCRIPTION)Bitcoin / USD May Rise to 64,370 - 65,100 Pivot Point: 61,760 – This level acts as the key pivot for price action. Trading above it signals bullish momentum, while breaking below may indicate downside risk. Primary Strategy (Our Preference): Entry Point: As long as 61,760 is support, expect the price to rise toward 64,370 and potentially 65,100. Alternative Scenario: Entry Point: If the price breaks below 61,760, consider short positions for potential downside. Target Levels: 60,550: This serves as the initial downside target. 59,820: Further bearish momentum could push Bitcoin toward this lower support level. Technical Outlook: RSI Indicator: The Relative Strength Index (RSI) is above 50, indicating bullish sentiment and supporting further upside. MACD Indicator: The MACD is positive and above its signal line, confirming the potential for further gains. Moving Averages: Bitcoin is trading above both its 20-period and 50-period moving averages (respectively at 62,441 and 62,143), signaling ongoing short-term strength. Comment: The RSI and MACD both indicate a bullish configuration. As long as the price remains above the 61,760 pivot point, further upside toward 64,370 and 65,100 is expected.
MARKETSCOM:BITCOIN
by CharivapaAlgo
BTCUSD Reverses from Major Resistance, Downtrend ExpectedBTCUSD has been trading in a well-established downtrend channel over the past few weeks. Recently, it hit a major resistance level and is now showing signs of a reversal to the downside. Key Resistance Break: The price action indicates that BTCUSD is failing to break through the resistance level, signaling a potential continuation of the downtrend in the upcoming sessions. Potential Target: Looking ahead to next week, we anticipate that BTCUSD may resume its downward trajectory and could potentially touch the 55,000 mark if the bearish momentum continues. RSI Momentum Shift: Multiple RSI lines have shifted downward, confirming the weakening momentum and supporting the likelihood of further downside movement. Conclusion: Traders should watch for confirmation of the downtrend as BTCUSD moves further from resistance. The technical indicators, particularly RSI, suggest that the market remains bearish in the near term. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should conduct your own research or consult with a licensed financial advisor before making any investment decisions.
BITSTAMP:BTCUSDShort
by Sudhir-Sirohi
BTC UPDATE 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
BITSTAMP:BTCUSDLong
by TRADING_MASTER_DAVIS
BTC potential to continue down..Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. 62,500,potential area to look for short,could see more downside to come.. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
ICMARKETS:BTCUSD
by Shadowing_The_Big_Boys
My Current Bitcoin Trading Plan - Dips are For BuyingOverall, I remain bullish on Bitcoin. The Monthly & Weekly MAC strategy is still supportive of looking for buy triggers on pullbacks into the Monthly/Weekly MAC lows. I will be looking for entry triggers on entry timeframes if Bitcoin pulls back into the $56K to $57,500 price range, and would consider still hunting entries if it trades below these levels. The Daily remains bullish, but there is a MAC selling setup (not confirmed until Williams AD closes below its 57 period MA). Have a great weekend.
Long
by Tradius_Trades
BTCUSDT 4H -To UP or not to UP, that is the QuestioN !BTCUSDT 4H -To UP or not to UP, that is the QuestioN ! BTC continues to build a huge bullish flag, but it will not be confirmed until it breaks the highs and seeks 80K. In the meantime, the rest of us mortals must develop our own strategies and be consistent with what we do. After breaking the resistance of 65K and reaching 66,500, the price corrected downwards finding support at 60K. The 0.618% correction would now be at 64K where it could turn around. In case of a reversal, each one has to adjust their risk levels: Dynamic SL * Minimum pain SL: 60K *** Medium Breakout Risk SL: 57K ***** Maximum Breakout Risk FLAG BASE SUPPORT 51000 If the Triangle formation is respected, we could look for the highs at 73K again, but the most important thing is to clearly define what we are going to do and what risks we are willing to take. All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or another, taking the necessary deposits. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the process of development and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain values ​​​​that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
CRYPTO:BTCUSD
by DeuXfi
(BTC) October predictions - BEAR & BULLHello Tradingview community! As always: If these patterns I'm showcasing doesn't work as predicted.. then please don't come crying to me (ty) -> NFA DYOR Alright.. the chart explains itself as you can see We got 2 scenarios/targets for October: Bull targets-> 66k-70k Bear targets-> 52k-46k I do find it more likely to go up than down.. Why? Well Q4 in a bull market is usually heavy green and especially towards a presidential election Anyway, Keep in mind this is only an idea/prediction that could easily be wrong in many ways. I will update this post in the future! BOOST if you like it and follow for more NFA DYOR <<<<-----
by RandomTAdude
1
Why Bitcoin patterns from 2021 could lead to a 100K usdt now I have used a line graph to make it easier to see, though it does take some details out. With candles, the % given are seen to be accurate. So. From the point where I considered PA to start its move in Sep 2020 ( 1 ) , we saw an initial 84.6% move higher before PA took time out and Ranged, to cool off. Similarly, the start point this time was in Jan 2023 ( 1 ) and we saw a 95.4% rise before PA took time out and cooled off. In Dec 2020 ( 2 ) , then took us up another 124% before we saw a more severe pull back ( 3 ) of -28.6% This time round, we saw a Rise of 131% ( 2 ) before the current pull back of -33% ( 3 ) We now sit at the point where we maybe about to start the 4 leg up. In 2021, The next rise ( 4 ) took us up 119.4%, to the next ATH in March 2021 If we were to do this again in 2024 / 2025, a simialar rise takes up to that magical 100K zone. This time round, the whole process has taken a Lot longer, more controlled and calmer and, maybe, less likely to fall like a stone afterwards. Amazing similarities in Price rises %.
CRYPTO:BTCUSD
by Orriginal
Global M2 Money Supply Vs BTCSo when we look just at the Global M2 money supply, we can see its increasing and sharply. However, when you look at BTC, BTC is lagging behind, and the increase in M2 Global supply has yet to have an effect on BTC where we would expect to see a price increase as M2 money supply increases. If you compare the M2 Global money supply against S&P500 though, it tells us a different story, where the S&P is leading and BTC is lagging. Signalling to me a catch up in BTC is inevitable at this stage and its being squeezed at these levels as money flow increases. A good signs imo and no doubt BTC catches up to S&P500
by marshyyy
Global M2 Money Supply Vs S&P500So when we look just at the Global M2 money supply, we can see its increasing and sharply. However, when you look at BTC, BTC is lagging behind, and the increase in M2 Global supply has yet to have an effect on BTC where we would expect to see a price increase as M2 money supply increases. If you compare the M2 Global money supply against S&P500 though, it tells us a different story, where the S&P is leading and BTC is lagging. Signalling to me a catch up in BTC is inevitable at this stage and its being squeezed at these levels as money flow increases. A good signs imo and no doubt BTC catches up to S&P500
BLACKBULL:SPX500Long
by marshyyy
1
Whipsaw coming as bitcoin consolidates the 50-60k levelForecasting a pullback to 50k, as i expect the out of the ordinary volume on 08/05/24- 15min, hourly, 4hr, & daily, to gravitate price back towards it; high volume candles are very likely to get backfilled due to orderbook instability- see yellow fib lines for source and measurement. This is not bearish. This is important for bitcoin to conquer this level as she gears to move higher. There are many things i cant fully articulate in my charts so if you have any questions let me know. James
Short
by creengrack
15
Global Liquidity Index Against BTCHeres the global liquidity index mapped against BTC and its past cycle data for reference. Im sure you can spot the positive correlation it has.... When global liquidity increases, risk on assets such as BTC increase due to an influx of new liquidity in money markets. We have been consolidating for 2 years in the global liquidity index in an ascending triangle. I am expecting it to push up, break out, retest similar to the prior cycle fractal and continue higher, in turn pushing money markets including BTC into ATHs
Long
by marshyyy
1
The Bitcoin Dilemma: To Go Long or Not to Go Long?Let me share my observations on Bitcoin, starting with the obvious. On the 4-hour chart, any trader with more than a week of experience can see that Bitcoin is moving in a widening descending channel. To put it simply, the price action is forming a "trail" that fits perfectly within this channel. Over the past few days, prices have been "testing" the $60,500-$60,000 level, which suggests a potential move lower, aligning with the direction of the descending channel. Ok, fine. Meanwhile, on the CME and other major crypto exchanges, options with strike prices of $80,000 and $100,000 are being traded a lot with an expiration date in December 2024. That's a far cry from the current price, and it's anyone's guess what the future holds. Will we see a "tothemoon" or a multi-month bottom? Personally, I'm "sitting on the fence" and won't be going long until I see some confirmation on the chart.
COINBASE:BTCUSD
by ClashChartsTeam
BTC Wyckoff accumulation Schematic 2 - Moving as planned!BTC Update: So since my analysis on BTC, price has delivered beautifully and exactly as anticipated from the forecast, having took the internal highs at FWB:65K and into HTF supply from the prior weekly bearish leg and we had the bearish reaction from this area. Price has pushed back into the daily range with a lovely bearish reaction, further fuelled by the FUD news, timed pretty much perfectly to the bearish momentum and downturn in the market as we sit in this accumulation range. However im not worried regarding the news as i see it as FUD in line with my wyckoff understanding. In line with my USDT.D update also posted recently⁠, im still seeing a little downside risk in BTC and im expecting it to continue bearish and push down deeper into the levels marked up between GETTEX:59K - $52K. This level is the discount of the accumulation range and the HTF weekly range and aligns with the weekly demand range, 3D demand range and daily demand range, alongside resting SSL to target at $57,500 in this area, making a prime reversal level and key level imo. As im viewing this as a reaccumulation range, following wyckoff schematic 2 as shown, im looking at price to form a last point of support in this area and a bullish reversal to form and expand out of it as shown. This is my main idea and thesis so far as we continue to range here after the capitulation event. Now my idea could get invalidated at a later time but right now its aligning pretty perfectly alongside what im seeing on USDT.D in its distribution range and price doesn't have to take the lows again on BTC so don't be fooled into thinking it does as right now its not suggesting this and im not looking for it. Patience is needed here as we need more price action to form to work with, but overall its looking great, i aint worried and my focus remains on the range. As a result, i expect alts to continue to bleed and underperform, especially as BTC.D continues to push up into HTF supply and ETH is looking rather weak here with potential to take its lows again, which could end up being SMT divergence between ETH and BTC as it forms its bottom here over the coming weeks. With Q4 just starting, im looking for the next expansion phase in the market to begin within this quarter, alongside the US elections next month which is typically a bullish event in the market! Its all aligning in my opinion for a bullish Q4 and Q1 of 2025, we just need to have patience here and not get shaken out in this range. In addition to this China has started quantitive easing and their market has went on a massive bullish run the last week, with the US also easing up on interest rates cutting them by half a point, leaving investors able to acquire debt at a cheaper rate which typically fuels further bullish momentum in the market, as the M2 money supply increases too which i will delve into in another post. Essentially as global money supply increases, money markets tend to also increase and ill break down this relationship in some other charts to show you just how correlated this is as its very interesting stuff. The technicals are aligning with the macros and i think its shaping up to be a great Q4 and Q1 of 2025! Dont be fooled by the first bearish tones to Q4, think of the monthly candle in terms of the PO3 Power of three formation, we have started the new monthly candle, forming the downside wick before the true expansion to the upside begins!
BITSTAMP:BTCUSD
by marshyyy
Bearish setup For BTCSince we are being rejected in the higher time frames, we expect the price to reach the same level in the daily level, and also in the lower time frames we see downward structures, the last downward range in the time frame is 15 minutes above Asian liquidity and the last return candle. which led to a fall in the area of ​​61800, which can push the price down again Of course, it can be the same ceiling of indus cement for order block time to be higher and from higher areas
Short
by MrHunterTradeInsight