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BTCUSDTPERP

Volatility period starts around November 4th (Title) Volatility period starts around November 4th (example of additional purchase) ----------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The BW indicator is an indicator that comprehensively evaluates the MACD, StochRSI, OBV, and ATX indicators. The BW (0) indicator is an indicator that appears when the BW indicator touches the 0 point and rises. Therefore, it indicates the point where the rise begins, that is, the low point section. The BW (100) indicator is an indicator that appears when the BW indicator touches the 100 point and falls. Therefore, it indicates the point where the decline begins, that is, the high point section. ------------------------------------------- (BTCUSDT 1D chart) The BW indicator value touched the 100 point and an arrow was displayed. When a new candle is created, it is necessary to check whether the arrow remains the same. The fact that the BW indicator touched the 100 point means that the upward strength is strong. Therefore, it can be interpreted that there is a high possibility that it will lead to an additional increase. However, when the BW (100) line is created, it can be said that it means that the possibility of a decline has begun to increase. Therefore, it means that the possibility of a pull back or decline has begun to increase. - The point of interest is whether it will show a renewal of the ATH by touching the current highest price of 73777.0 or higher, or whether it will continue to decline. There is a saying that the coin market is a trend-following market. It can be said that this is a market with a strong tendency to follow a trend that has been formed. Therefore, when a new candle is created, it is necessary to check the movement of the StochRSI and StochRSI EMA indicators. Since the StochRSI EMA indicator is currently located in the middle section, it is necessary to check how much it rises when a new candle is created and the change in the slope of the StochRSI indicator. - If it progresses downward, the area around 70148.34 is expected to be an important support and resistance area. The reason is that it is near the upper point of the box of the HA-High indicator on the 1M chart. In addition, the StErr Line is passing through the 70148.34-71280.01 section, confirming that it is an important point. - If you bought below 67414.39, it is recommended to sell and wait for the situation to be confirmed when resistance is confirmed in the 68393.48-69031.99 range. You should have sold in installments around 71280.01 or 73000.0 before that. - If the average purchase price is below 67414.39 and you sold in installments around 71280.01 or 73000.0, you can buy more when a pull back is confirmed. However, the additional purchase should not exceed the current holding amount. If you buy more than the holding amount, the average price will rise significantly and you may not be able to hold on or it may turn into a loss. Therefore, when the support is confirmed in the 68393.48-70148.34 section, additional purchases can be made below 70148.34. This additional purchase is possible because the split sale was made. - The next volatility period is expected to start around November 4th. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The full-scale uptrend is expected to start after rising by more than 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Bitcoin Roadmap!!!Bitcoin ( BINANCE:BTCUSDT ) moved as ✅I expected in the previous post . Bitcoin is moving near the Potential Reversal Zone(PRZ) and the upper line of the ascending channel . According to Elliott's wave theory, Bitcoin is completing wave 3 . I expect the Bitcoin rally will need a Correction to continue near the All Time-High(ATH) . I expect Bitcoin to drop down to the Support zone($72,000-$70,820) and Support line . 🔔Let's first short position, and I will try to update for the long position.🔔 ⚠️Note: If Bitcoin falls below the Support zone($72,000-$70,820), it may fall further.⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
14
Happy Bitcoin White Paper Day! Happy Bitcoin White Paper Day! 📜✨ Today marks an essential day in digital assets and decentralized finance. On October 31, 2008, Satoshi Nakamoto introduced Bitcoin to the world through a revolutionary nine-page white paper, "Bitcoin: A Peer-to-Peer Electronic Cash System." This blueprint set the foundation for the first decentralized digital currency, fundamentally reshaping our view of money and unlocking new pathways to financial freedom. As we celebrate this milestone, it’s inspiring to reflect on Bitcoin’s evolution from a bold idea to a powerful global asset that has transformed finance and decentralized ownership. Whether you’re a dedicated HODLer or actively trading, today serves as a reminder of what makes this space truly unique. Let’s honor Satoshi’s vision of decentralization and financial empowerment as we look ahead to Bitcoin’s promising future. Cheers to Bitcoin’s past, present, and all that’s yet to come!
CRYPTO:BTCUSD
by HexaTrades
#BTC New Trading Opportunity📊#BTC New Trading Opportunity🔥 🧠From a structural perspective, we are stuck in multiple resistance zones. We are only $200 away from the all-time high, maybe we need a healthy pullback to regain momentum. ➡️If we start to fall from here, then watch for the area where the yellow support zone overlaps with the green buy zone Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
Additional indicator to be used after the ATH update(StErr Line) Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1W chart) Since it has not risen above 73777.0, it has not yet updated the ATH. ---------------------------------------- (BTCUSDT 1D chart) If the price maintains above 71280.01, it is expected that there will be an attempt to update the ATH again. From the current price position, it seems that it will have to fall below 67414.39-68393.48 to turn into a short-term downtrend. However, if it falls below 70148.34, I think it is necessary to take preemptive action to split it. - When the ATH is renewed, it is like being in an unknown world, so it is difficult to predict with chart analysis. Therefore, in order to know the movement after the ATH is renewed, you have no choice but to use various indicators or chart tools to predict. For this, the Linear Regression Channel that I mentioned earlier was explained. Today, I will explain the StErr Line indicator, which is newly added to the HA-MS indicator. The StErr Line indicator (Standard Error Line) is the baseline of the indicator that forms a band using the Linear Regression formula. If the price is above the StErr Line indicator, it is likely to continue the upward trend, and if the price is below, it is likely to continue the downward trend. You can use the StErr Line indicator together with the BW (0) and BW (100) indicators to determine the trading point. The BW (0) and BW (100) indicators are generated when the BW indicator in the auxiliary indicator touches and breaks away from the 0 or 100 point. Therefore, it allows you to identify the low or high point range. The Linear Regression Channel or StErr Line indicator is a tool for chart analysis, but if you use it with support and resistance points, you can use it to create a trading strategy. - Have a good time. Thank you. -------------------------------------------------- - The big picture It is expected that the full-scale uptrend will start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
$BTCUSDT Bouncing from Demand Zone – Eyes on $75KBINANCE:BTCUSDT Bouncing from Demand Zone – Eyes on $75K with Strong ETF Inflows!! After a significant uptrend, CRYPTOCAP:BTC experienced a healthy correction, finding support at a key demand zone. The current bounce from this level, marked by a bullish candle, signals a potential shift towards upward momentum. Volume is steadily increasing, which further strengthens the case for a continued move higher. Additionally, there’s a notable rise in MARKETSCOM:BITCOIN ETF inflows, adding more fuel to the current rally. This confluence of bullish factors sets the stage for BTC to reach new highs, with $75,000 being the next major target on the horizon. Traders should watch for sustained volume and momentum as key indicators of this breakout.
Long
by GreenCryptoTrades
1
#BTC Can it challenge ATH this time?📊#BTC Can it challenge ATH this time? 🧠From a structural perspective, the goals of the bullish structure of the cup and handle have all been achieved, but the long target at the daily level has not been fully achieved, so there is a possibility of continued rise, and it is only about a thousand dollars away from ATH. But we are indeed in the resistance zone, the risk of chasing the rise is very high, and the profit and loss ratio is not good. ➡️If you want to short, there is no short structure here, so there is a contradiction, so continue to be patient and wait and see. ➡️If you hold long orders according to my previous posts, then you should choose to take all profits in this overlapping resistance zone to prevent a large retracement of profits. Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
Bitcoin Analysis==>> Last Chance for Breaking!!!Bitcoin ( BINANCE:BTCUSDT ) is still moving in the Resistance zone($70,080- $68,250) and is trying to break this zone. Will Bitcoin break the Resistance zone($70,080- $68,250) !? Your Idea❓ Also, Bitcoin is likely to form an Ascending Channel in the 1-hour time frame , we have to wait to see if Bitcoin can form the second top or not . According to the theory of Elliott waves , Bitcoin seems to be forming 5 more impulse waves after completing the Corrective Structure(Double Three Correction(WXY)) . Currently, Bitcoin is completing wave 3 , and wave 5 could be above the ascending channel (possible). I expect Bitcoin to at least drop to the Support zone($68,420- $67,850) and fill the First CME Gap($68,395- $68,425) and then rise again . 🔔 Note: Bitcoin is generally in a sensitive price zone, and I think this is the last chance for Bitcoin to break the resistance zone. Tensions in the Middle East and a series of other factors that I will try to share with you in the next post (Prevent Bitcoin's increase and the formation of a new All-Time High(ATH)). ⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250), it will increase to at least $72,000.⚠️ ⚠️Note: If Bitcoin goes below the Support zone($68,420- $67,850), we should expect more dumps.⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
12
Bitcoin (BTCUSDT) - 4H Timeframe - Massive Target Achieved!The Bitcoin (BTCUSDT) 4-hour chart reveals a successful long trade setup, with all pre-determined targets reached. Here's a breakdown of the key technical elements that guided this trade: Entry Point: Positioned at $61,732.3, the trade setup aimed to capitalize on a bullish momentum, as indicated by strong support above the Risological dotted trend line. Stop Loss: Strategically set at $60,316.2 to limit downside exposure while providing room for price fluctuation. Target Points: TP1: $63,482.7 TP2: $66,315.0 TP3: $69,147.4 TP4: $70,897.7 (final target successfully hit, confirming strong upward momentum ) Volume Analysis: The trading volume stands at 56.92K, with an average of 120.91K over the past 30 days, indicating a slightly below-average activity level, yet sufficient to support the trend. Bitcoin's successful breach through each target highlights robust bullish sentiment. Monitoring future price action will be crucial to gauge the sustainability of this trend, especially considering potential resistance levels post-TP4.
Long
by ProfitsNinja
BTCUSDT Golden Cross Signals Strong BullishBINANCE:BTCUSDT daily chart shows a Golden Cross, a pattern that has historically been a strong indicator of bullish momentum. A Golden Cross occurs when the 50-day moving average (MA 50, in purple) crosses above the 200-day moving average (MA 200, in blue). This crossover is generally viewed as a signal of a long-term trend reversal, suggesting that bullish momentum is building. Whenever this crossover has occurred in the past, Bitcoin has experienced substantial upward price movement in the following months. Currently, CRYPTOCAP:BTC has broken through broadening wedge resistance levels on the daily chart and is trading near $71,000. This price action aligns with the Golden Cross, reinforcing the potential for a continued bullish move. With BTC consolidating above key levels, a breakout above $70K could trigger further buying interest and sustain the uptrend. If BTC can hold its position above the 200-day MA and breakthrough additional key resistance levels, the price could continue to climb. Potential targets range from 100-200% gains from this level, similar to past Golden Cross rallies. Regards Hexa
Long
by HexaTrades
Whether to challenge the ATH is the point of interest Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) It is showing an upward breakout of the 1st section. Accordingly, the key is whether the price can be maintained above the 68393.48-69031.99 section and rise to around 71280.01. If it shows a sharp rise, it is expected to touch around 73000.0. If it rises above 70148.34, the StochRSI indicator is expected to rise to around 50, so you should be careful about volatility. --------------------------------------- (BTCUSDT.P 1h chart) When viewed with the Linear Regression Channel indicator that automatically draws parallel channels, it shows an upward breakout of the upper part of the channel. Accordingly, when entering the channel, we need to check at what point support and resistance will be shown. Currently, it is expected to check whether support is found by touching the 69020.1-69332.4 section or the 70168.8-70320.3 section. The 5EMA of the 1D chart is rising to around 68447.9. The next volatility is likely to occur when touching the 5EMA of the 1D chart. If it touches the 70168.8-70320.3 section and falls, the 68447.9 point is expected to be the liquidation point. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
#BTC Bullish Cup with Handle📊#BTC Bullish Cup with Handle📈 🧠From a structural perspective, we have built a bullish cup with handle structure in a sideways consolidation, and also completed the TP2 of the long position. Currently, it has touched the neckline resistance, and there is an expectation of a decline, but the structure belongs to the long position, so after the pullback occurs, we will be bullish, but we need to pay attention to the blue resistance area above. Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
UMA ANALYSIS📊 #UMA Analysis ✅There is a formation of Descending Channel Pattern in daily timeframe. We can see a breakdown of major trendline in #UMA and we would see a little more retest towards it's support zone and then a bullish movement could be seen 👀Current Price:  $2.477 🚀 Target Price:    $4.370 ⚡️What to do ? 👀Keep an eye on #UMA price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #UMA  #Cryptocurrency #Breakout #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
BTC and SOL Form Bullish Cup and Handle PatternBINANCE:BTCUSDT and BINANCE:SOLUSDT technical analysis update. BTC and SOL are showing similar chart patterns, each forming a cup and handle. Currently, both SOL and BTC prices are trading within the handle, moving toward a potential breakout. If this breakout occurs, we could see a strong bullish move in both assets. SOL has already risen 2600% from its bottom, and a breakout could potentially lead to a further 200-500% increase. BTC, on the other hand, has gained 360% from its bottom, and a breakout from this cup and handle pattern could yield an additional 100-200% upside.
Long
by HexaTrades
The key is whether it can rise above the 1st section Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1W chart) When a new candle is created, you should check whether there is support near 68393.48. And you should also check what movement the StochRSI indicator will show. From the current position, the important support and resistance sections are - 68393.48-71280.01 - 65602.01-65920.0 - 61099.25 The three sections above. If the price is maintained above the HA-HIgh indicator, a full-scale uptrend (stepwise uptrend) is likely to begin. However, it is important how the BW (100) indicator section, 68393.48-71280.01 section, is broken upward. - (1D chart) Therefore, the key is whether the price can be maintained by breaking upward through the first section, 68393.48-69031.99 section. If not, you should check for support near 65920.71-67414.39. Since the HA-High indicator on the 1D chart is formed at the 67414.39 point, the point to watch is whether it can receive support near 67414.39 and rise. - The StochRSI indicator is showing signs of turning upward. However, it has not yet risen from the overbought zone, and StochRSI < StochRSI EMA. Therefore, when a new candle is created, you should check how the StochRSI indicator appears. When the StochRSI indicator falls below 50, the decline is interpreted as a strong decline, but eventually you will find the time to buy. Therefore, when the StochRSI indicator is below 50, it is recommended to create a trading strategy from a buy (LONG) perspective. If you trade from a sell (SHORT) perspective, you need to respond quickly and briefly. The StochRSI indicator is not an all-purpose indicator, but it allows you to know the timing of response and the intensity of the wave to some extent. Therefore, if you use the StochRSI indicator, you will have less conflict about whether to go up or down right now. In addition, since you are more likely to trade in the direction of the trend, you will be able to reduce the number of times you cut your loss. - Due to the changes in the chart, the next volatility period is likely to start around November 4th. So, let's check the overall flow when the new month starts. --------------------------------------------------- If you use the Linear Regression Channel indicator in TradingView indicators, it will automatically draw a parallel channel according to the current price position. You can set the indicator settings to suit you. However, the recommended settings are 50 (Length), ohlc4 (Source). I think that chart tools such as trend lines, channels, and Fibonacci are tools for chart analysis. Therefore, I do not recommend using chart tools to create trading strategies. In order to create a trading strategy, you must have support and resistance points drawn on the 1M, 1W, and 1D charts. If you have drawn support and resistance points, you can create a trading strategy by checking whether there is support at the support and resistance points by referring to the analysis with the chart tool. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
#BTC reaches the buy zone📊#BTC reaches the buy zone✔️ 🧠From a structural perspective, the ideal target area of ​​the small double top structure has been fully achieved, so it is very reasonable to have a strong rebound, but unfortunately, it was only $100 away from our second entry point and was not triggered, so we missed this rising wave. You can check it in the previous post. I marked the price on the chart. If you bought when the price touched the green buy zone, then the profit return now is sufficient. You can lock in the main profit and then look forward to more. In this way, even if the price falls again, you will not be troubled by profit retracement. ➡️From the current structure, we have two expectations. One is that we will continue to rise after stabilizing from the neckline support area and build a bullish cup-handle structure. The other is to build a large double top structure after breaking the neckline support area and enter a deeper adjustment stage. ➡️In general, the market is not very clear at present. We need more patience to observe. Don’t guess too much about how the market will develop. Just wait patiently for market signals to appear and make corresponding transactions. Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
Second section is an attractive buy section (confirm support) Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) It seems to have met resistance in the 68393.48-69031.99 section and fallen below 67414.39. Accordingly, we need to check for support near 67414.39. If it meets resistance at 67414.39 and falls, we need to check for support near 65602.01-65920.71. - BW (50) is showing signs of being newly created at 66668.65. Accordingly, the key is whether BW (50) can be supported near the newly created point and rise above 67414.39. - Since the StochRSI indicator has currently entered the oversold zone, the decline is strong. Therefore, if it fails to maintain the price by rising above 67414.39, it is likely that an additional decline will occur and it is recommended to consider a countermeasure. When the StochRSI indicator rises above the oversold zone and maintains the state of StochRSI > StochRSI EMA, the upward trend is likely to begin. Therefore, the 2nd zone (65920.71-67414.39) is an important support and resistance zone. In addition, since the M-Signal indicator on the 1D chart is passing the 65920.71-67414.39 zone, it is even more important. - Checking for support is a difficult and tedious task. Therefore, it is also good to refer to the location of the StochRSI indicator or BW indicator to help confirm the direction when checking whether there is support. I think that you can create a much better response plan than drawing a trend line and checking whether it goes up or breaks away from it. Trend lines are used for chart analysis, but they are not very helpful in conducting actual trading. The reason is that they are made of diagonal lines. Therefore, I think that it is good to use trend lines in combination with support and resistance points drawn on 1M, 1W, and 1D charts to confirm the period of volatility. Since a pattern is meaningful when it is completed, you should not try to think in terms of fitting it into a pattern. - After all, the purpose of everything displayed on a chart should be to conduct trading. Therefore, you should check what kind of movement is shown at the support and resistance points drawn on the chart and trade accordingly to make a profit. Since the StochRSI indicator has currently fallen below 50, we should look at the chart with the purpose of finding a time to buy. For that purpose, the 2nd section (65920.71-67414.39) is an attractive buying section. If it falls in the 2nd section, the next buying section is likely to be 61099.25-62791.03. The reason for this is that the M-Signal indicator on the 1W chart is passing around 62791.03. - Therefore, we should know how to wait when we wait, and when it is time to start trading, we should start trading boldly. I think it is time to wait because it is still confirming support and resistance. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
#BTC tested the support zone again📊#BTC tested the support zone again✔️ 🧠Trading in the divergence zone is a very uncomfortable thing, so we patiently waited for the price to break out of the divergence zone before entering a new transaction. We tested the support zone again, and the response was good. We reached TP1:67488 many times and then fell back after encountering resistance, indicating that the resistance performance here is also very good, so we locked in the main profit here. Congratulations to the friends who followed the wolf king to print money and got rich returns. 🍻 ➡️From the current structure, the ideal goal of the small double top short structure has not been fully achieved, so we need to be vigilant about the risk of further decline! ➡️But the neckline support area is below, so please don’t be too bearish. If it falls below the neckline support area to build a larger short structure, it is reasonable to consider shorting after the rebound. Let’s see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
BTCUSDT Strong support at $65,000BINANCE:BTCUSDT on the daily timeframe is forming a descending broadening wedge, with the price currently testing the upper resistance trendline. This pattern often suggests a potential bullish breakout if the price successfully surpasses the resistance. The volume profile shows significant trading activity between $65,000 and $67,000, indicating this range as a key support zone. Additionally, lower trading volume above the current price may suggest lighter resistance if the price moves higher. The $65,000 level is acting as strong support, while $69,000 serves as potential resistance. A breakout above the wedge could signal the start of a bullish rally. Regards hexa
Long
by HexaTrades
Bitcoin Bears Strike! Key Short Entry with Multiple Targets Set!BITCOIN (BTCUSDT) 15m Timeframe Technical Analysis: In the 15-minute timeframe, Bitcoin (BTCUSDT) has offered a short trade entry at $67,607.9, following a breakdown below the Risological dotted trendline. This signals a potential downside, with multiple targets charted below for this trade. Key Levels: Entry: $67,607.9 Stop Loss (SL): $68,227.5 Trailing Stop: $67,676 Target 1 (TP1): $66,842 (First target) Target 2 (TP2): $65,602.6 Target 3 (TP3): $64,363.3 Target 4 (TP4): $63,597.4 Observations: The price broke below the Risological dotted trendline, indicating bearish momentum. Trailing stop at $67,676 is in place to secure profits as the price moves lower. Bitcoin is poised for further downside, with multiple targets set. The strong rejection below the Risological dotted trendline supports the short bias, and traders should watch for price action around the targets for potential exits or extensions of the trade.
Short
by ProfitsNinja