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BTCUSDTPERP

#BTC Support Zone Rebound Has Been Achieved📊#BTC Support Zone Rebound Has Been Achieved✔️ 🧠Since we reached the support zone first, it is reasonable for such a strong rebound to occur, and a corresponding reaction was also generated when reaching the marked resistance zone. We are currently in the divergence zone, so both long and short positions are contradictory, so our long orders have chosen to take full profit instead of partial. Congratulations to friends who followed the Wolf King to print money and got rich returns. 🍻 ➡️If you want to short, according to the current structure, the neckline resistance of 69198 and the overlapping resistance zone above are worth our attention. ➡️If you want to go long, yesterday's support zone is still worth our attention. 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
by wolf_king888
Bitcoin Surge Continues! TP 3 Hit, Eyeing TP 4 Next!BITCOIN (BTCUSDT) 4H time frame Technical Analysis: Bitcoin (BTCUSDT) on the 4-hour timeframe shows a solid long trade with momentum intact. Price action has followed the upward curve supported by the Risological dotted trendline, providing a strong bullish foundation for the current rally. Key Levels: Entry: 61,732.3 Stop Loss (SL): 60,316.2 Target 1 (TP1): 63,482.7 ✅ (Hit!) Target 2 (TP2): 66,315.0 ✅ (Hit!) Target 3 (TP3): 69,147.4 ✅ (Hit!) Target 4 (TP4): 70,897.7 Observations : Bitcoin has already smashed through TP3, riding the wave of bullish momentum. The Risological dotted trendline is acting as strong support, indicating that TP4 is highly within reach. With TP3 completed, Bitcoin continues its bullish momentum. Keep an eye on the final resistance at TP4, as the price is showing no signs of slowing down!
Long
by ProfitsNinja
1
The beginning of trading begins with waitingHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) There are indicators that are paired with indicators that show support and resistance points. The HA-Low and HA-High indicators and the BW (0) and BW (100) indicators are paired. - HA-Low, BW (0) indicators show the low range, - HA-HIgh, BW 100) indicators show the high range. Therefore, if it touches HA-HIgh or BW (100) and starts to decline, it is likely to touch HA-Low or BW (0), and you should think about a countermeasure. If it encounters resistance at the HA-High indicator (67414.39) on the current 1D chart and starts to decline, it is likely to touch the HA-Low indicator (currently 56204.13) on the 1D chart. However, you should be aware that the HA-Low indicator may move and be created as the price falls. Since the BW (50) indicator exists between the BW (100) indicator and the BW (0) indicator, it cannot be said that a decline in the BW (100) indicator will necessarily touch BW (0). Accordingly, the BW (50) indicator can replace the role of the BW (0) indicator. The above explanation is the information required when utilizing the indicators on this chart. - The 65920.71-67414.39 section is a section composed of HA-HIgh indicators. Therefore, the key is whether it can receive support and rise in this section. If not, and it falls below 65602.01, there is a possibility that it will fall to around 61099.25. However, since the M-Signal indicator on the 1W chart is passing around 62791.03, it is highly likely that it will touch around 62791.03 and rise, and you should consider a response plan. - Since the M-Signal indicator on the 1D chart is passing around 65920.71, it can be interpreted that it is currently shaking. However, if it fails to rise above 67414.39, it is expected to eventually fall below 65602.01, so caution is required when trading. - We need to check whether the StochRSI indicator will enter the oversold zone with this decline. If the STochRSI indicator has entered the oversold zone, there is a high possibility that the downward force will be strong, so it may lead to an additional decline. Therefore, whether there is support around 65602.01-65920.71 is significant. - Based on the above, we can see that it is not the time to conduct a new transaction. Therefore, in order to conduct a new transaction, we need to check whether the StochRSI indicator turns upward when it shows support around 65602.01-65920.71. If not, and it falls, it can be seen that it is time to start trading when the HA-Low indicator or BW (0) indicator is newly created or when it is confirmed to be supported around 61099.25-62791.03. - If you create a trading strategy and start trading and the movement is in the opposite direction, then you should check the movement of the support and resistance points or indicators. (SOLUSDT.P 1D chart) That is, let's assume that you started trading by selling (SHORT) when the arrow indicating the appearance of the BW (100) indicator was created and the BW (100) line was created when it showed a downward trend, as in the SOL chart. However, as the price rose, the BW (100) line disappeared and rose to around 171.63. We should also think about countermeasures for this movement and start trading. Even if you didn't think about it, you can see that the STochRSI indicator has entered the overbought zone, so it will eventually fall over time. Therefore, you just need to decide whether to proceed with additional selling (SHORT) in the current rise or wait. Since it is a futures transaction, the forced liquidation point is close, so you should consider this first and think about a response plan. Since the StochRSI indicator touches the highest point (100), it cannot be said that the decline will begin immediately, so it is better to check the movement a little more. Fortunately, the BW (100) line of the 1M chart currently exists at the 171.63 point, so it is expected that you can create a response strategy by checking whether there is support near 171.63. ------------------------------------------------- You should continue trading even if the transaction fails. Otherwise, you will lose your trading sense and it may not be easy to start trading again. However, you should not start trading at any time. You need to be able to wait for the right time to start trading, and when it's time to start trading, you need to start trading boldly. (BTCUSDT.P 1D chart) I started trading with the previous indicator chart, so it's a bit low entry price, but I'm maintaining a sell (SHORT) position at 68293.8. Unlike the BTCUSDT chart, the BTCUSDT.P chart has a volume profile section formed at 66750.0. Therefore, it is expected that it will be important whether it receives support or resistance around 66750.0-67392.1. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real 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
Bitcoin Analysis ==>> Bearish Pennant Pattern!!!Bitcoin ( BINANCE:BTCUSDT ) moved and filled the CME Gap as ✅I expected from the previous post . Bitcoin was able to move itself below the Important Resistance Line and Resistance zone($70,080- $68,250) . Regarding Elliott wave theory , Bitcoin seems to have completed the main wave 5 as I expected with the Ending Diagonal . Currently, Bitcoin has completed 5 bearish (small) waves and is completing corrective waves . In terms of Classical Technical Analysis , Bitcoin has the ability to form a Bearish Pennant Pattern or Head and Shoulders Pattern . ( I drew the pattern separately for you so that the chart is not busy .)👇 I expect Bitcoin to continue its decline to at least $65,500 , and if the Support zone($66,500- $64,480) is broken, we should expect more Bitcoin declines . ⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️ 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.
Short
by pejman_zwin
8
Bitcoin Analysis==>>Ending Diagonal!!!Let's update the Bitcoin chart . Bitcoin( BINANCE:BTCUSDT ) is in the Resistance zone($70,080- $68,250) . According to Elliott's wave theory , Bitcoin seems to be completing the main wave 5 . The structure of the main wave 5 is Ending Diagonal . I expect Bitcoin to FALL again and fill the first CME Gap($67,250- $67,050) . What is your idea Bitcoin can make a New All-Time High(ATH)? ⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️ 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.
Short
by pejman_zwin
24
Bitcoin Roadmap==>>1-hour time frame==>>Filling CME GapBitcoin ( BINANCE:BTCUSDT ) is moving near the Important Resistance lines ( Bitcoin is attacking important resistance lines for the fifth time ) in the Resistance zone($70,080- $68,250) . According to Elliott's wave theory , Bitcoin seems to be completing the main wave 5 in the small ascending channel . Also, Regular Divergence (RD-) between Consecutive Peaks . I expect Bitcoin to fail again after breaking the lower lines of the ascending channels (small and big) and then fill the first CME Gap($67,250- $67,050) . ⚠️Note: The formation of the Bull Trap is probably high.⚠️ ⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️ 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.
Short
by pejman_zwin
20
Where is the #BTC support zone?📊Where is the #BTC support zone? 🧠From a structural point of view, the previous upward trend has ended, so it is very reasonable for the corresponding pullback to occur. Originally, I wanted to wait for the short structure at the hour level to be established before participating in short trading, but the market did not develop as expected. ➡️So from the current structure, it is best to participate in short trading near the 67000-68000 resistance zone. ➡️If the current structure does not change much and continues to fall, then the first support zone to pay attention to is 64251-65124, and the second support zone is 61297-61633, which is also the support zone I want to pay attention to the most. 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
Short
by wolf_king888
The role of the StochRSI indicator Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- Since the StochRSI indicator creates waves in any case, I think that using the StochRSI indicator can be of great help in predicting fluctuations. In that sense, we decided to use the StochRSI indicator again in the evaluation items of the BW indicator. If possible, we plan to finish modifying the indicator with this version. The indicators used in this BW indicator are MACD, StochRSI, OBV, and ATR. ----------------------------------------- (BTCUSDT.P 1D chart) After the price fell after October 20, the StochRSI indicator eventually fell from the overbought zone. After that, it is rapidly falling below the midpoint (50). As such, the closer the StochRSI indicator gets to the highest point (100), the higher the possibility of a large fluctuation when falling. Accordingly, you should check the position when entering the oversold zone or turning upward. Currently, there is a support and resistance zone formed in the 65568.1-65922.3 zone, so the point to watch is whether it can receive support and rise near this zone. If it falls below the 65568.1-65922.3 zone, you should check whether it can touch the BW (50) area or the M-Signal area of ​​the 1W chart and rise. To do so, you should check whether there is support near 61149.5-62839.8. - If it is supported and rises near the volume profile area of ​​66750.0, 1st: 67392.1 2nd: 68447.9-69020.1 You should check whether it is supported near the 1st and 2nd above. - If it touches BW (100) and falls, it is likely to touch BW (0). However, since it can rebound near BW (50), you can start trading depending on whether there is support near BW (50) for now. Since the BW (50) point on the 1W chart is formed at the 65568.1 point, when it shows support near 65568.1-65922.3, you should check whether the StochRSI indicator rises above the midpoint (50) and maintains the state of StochRSI > StochRSI EMA. - When the StochRSI indicator rises above the midpoint (50), you should start looking for a time to sell, and when it falls below the midpoint (50), you should start looking for a time to buy. The critical time is when it rises in the oversold zone or falls in the overbought zone. - Since the StochRSI indicator is showing a faster decline than the price, it seems likely to create a pullback pattern. If the BW indicator falls below the midpoint (50), the price may plunge, so be careful. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after rising above 29K. The next bull market is expected to touch 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/USDT.P update4h candle just closed below 236 retrace level, that means I'm currently looking for more downward momentum. I have marked 2 SRs where I think the price can potentially retrace to today, you can potentially scalp a long or DCA your long positions at that level. I am still overall bullish and this was the pull back I've been calling for days during this most recent run. No need to press the panic button as this is a healthy retrace before further upward progression can continue. Trade safely.
Short
by Nate36989
Need to check support and resistance zones Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The HA-High indicator is being created at the 67414.39 point, showing support. Therefore, the key is whether it can be supported around 67074.14-67414.39 and rise above 68955.88. If not, 1st: 65920.71 2nd: 61099.25-62540.0 You need to check whether there is support around the 1st and 2nd above. Currently, the M-Signal indicator of the 1D chart is passing near 65920.71, and the M-Signal indicator of the 1W chart is passing near 62540.0. Therefore, whether there is support near the 1st and 2nd is meaningful in terms of the trend. --------------------------------------------- When drawing a trend line, the point that the arrow points to corresponds to the point selected when drawing the trend line. The points 1 and 2 indicated on the StochRSI indicator are inflection points that do not enter the overbought or oversold zone, so they are not used when drawing the trend line. You can display the volatility period according to the currently drawn trend line and the support and resistance points drawn on the 1M, 1W, and 1D charts. For the reason for selecting the volatility period, please refer to the part indicated by the circle. Accordingly, the volatility period is around October 25, October 30, and November 12. The volatility period I mentioned is just for explanation. In reality, we need trend lines drawn from the past on the 1M, 1W, and 1D charts. The importance of trend lines is in the order of 1M > 1W > 1D chart trend lines. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start 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
Will Bitcoin Take Off?Bitcoin's price has been moving sideways for the last 114 days after reaching a new ATH. Now, the price has dropped below the previous ATH. In the early stage of the bull run, Bitcoin's price moved sideways for 210 days before making a significant bullish move. This time, we can expect a similar pattern, with the price likely continuing to move sideways for the next 1-2 months. We can expect a bullish move in the middle or end of the third quarter of 2024. Regards hexa
Long
by HexaTrades
The importance of explanation of the basis (Title) The important thing in chart analysis is the explanation of the basis. Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- You need to read the explanation below to understand the points, sections, and volatility periods that I'm talking about. However, for those who don't need that, I'll briefly explain it first. Support section 1st: 65920.71-67414.39 2nd: 61099.25-62540.0 Resistance section 68955.88-72078.1 The next volatility period is around November 7th, so the point to watch is which section of the section I mentioned above it is located in after passing this volatility period. ------------------------------------------------- (BTCUSDT 1D chart) The StochRSI indicator is showing a downward trend after approaching the highest point (100). The StochRSI indicator used in this chart is an indicator created by changing the formula of the general StochRSI indicator, so there may be a slight difference from the StochRSI indicator you are actually using. The setting values ​​of the StochRSI indicator are 14, 7, 3, 3 (RSI, Stoch, K, D). In any case, since the StochRSI indicator is showing a downward trend, it seems likely to lead to an additional decline. However, if the StochRSI indicator has not fallen from the overbought zone, there is a possibility of a rebound, so it is necessary to check the support and resistance points formed at the current price position. The current price seems to be located near the Mid (50) indicator and the HA-HIgh indicator is about to be newly created. Therefore, if the HA-High indicator is created at the 67414.39 point, the support around that point is an important issue. Since the HA-High indicator of the 1W chart is formed at the 65920.71 point, we can see that the important section is around 65920.71-67414.39. - If the HA-HIgh indicator of the 1D chart is newly created, the HA-High of the 1D chart > HA-High of the 1W chart > HA-High of the 1M chart, so the regular array of the M-Signal indicator, which is a trend perspective, is expected to create a regular array from the post-trading perspective as well. If this regular array state is created, it is more likely to create a new upward wave, so it is more advantageous to look at the market from a long (LONG) perspective. Therefore, it is expected that the important point of observation will be where support is received at this initialization of the StochRSI indicator. The initialization of the StochRSI indicator means moving from the overbought section -> oversold section, oversold section -> overbought section. When this initialization process is performed, - When falling from the overbought section, - When located in the middle point, - When rising from the oversold section, Volatility is likely to occur when passing through the three areas above. - Considering the importance of support and resistance points, the movement of the StochRSI indicator, and the M-Signal indicator, it is expected that the upward trend will continue if the price is maintained above 62540.0. If possible, we should check if it can be supported and rise near 65920.71-67414.39. If the BW (100) indicator on the 1D chart is not regenerated, it is expected that a full-scale uptrend will begin only when it rises above 72078.1. Therefore, from the current price position, it is expected that how it will break through the 68955.88-72078.1 range will have a major impact on the future trend. The next volatility period is around November 7. - (1W chart) If you look at the 1W chart, you can see a clearer movement than the 1D chart. ------------------------------------------ I think trading is classifying the support and resistance points drawn on the 1M, 1W, and 1D charts according to importance and creating a trading strategy accordingly. This is what I said in the previous idea about why support and resistance points are important. In order to classify the importance, you need to look at how densely the candles are arranged. In other words, you need to look at how many sideways sections are created. You can also use the Renko chart for this. If you share and use this chart, the HA-High, HA-Low, BW (100), and BW (0) indicators form the most important support and resistance points when trading. And the next important indicators are the Mid (50) and OBV 0 indicators. To check this, draw the indicators formed on the 1M, 1W, and 1D charts, and they will immediately act as support and resistance points. - Although the coin market is a market that follows trends, you cannot know everything from the trend. In other words, you need support and resistance points and the StochRSI indicator to check volatility. If you don't check this, I don't think it's easy to check volatility. I explained how to check trend lines and volatility periods with the previous idea. I'll take the time to explain it again next time. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The section expected to touch 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
Configuring channeling between indicators Configuring channeling between indicators (StochRSI, BW reference) Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) From September 22 to 28, the StochRSI indicator was maintained at the highest point (100). Since October 16, the StochRSI indicator has risen above 99. Accordingly, there may be additional increases. At this time, the point of observation is whether it can rise to the vicinity of 71280.01-72078.1. It is expected that the StochRSI indicator will have to rise above 68955.88 to touch the highest point (100). I think that the longer the StochRSI indicator stays in the overbought zone, the stronger the downward pressure becomes. Therefore, this pressure is likely to appear as a sharp change in the StochRSI indicator. The StochRSI indicator cannot tell the fluctuation range. Therefore, we can only make predictions by referring to the important support and resistance points drawn on the 1M, 1W, and 1D charts. - In order for BTC to continue its full-scale upward trend, the price must be maintained above the HA-HIgh indicator. Accordingly, from the current perspective, the price must be maintained above 61099.25-65920.71. - (1M chart) It seems that the change started on the 1M chart. Accordingly, we need to look at the section where a new candle is created. From the current perspective, the BW (100) line is created at 68955.88, 71280.01, and 72078.1. Therefore, these points may correspond to resistance sections. Breaking through this point upward means renewing the high section, which increases the possibility of creating a new wave. - New indicators called OBV Up and OBV Down have been added. These indicators also display the high and low sections. It is expected to be useful when creating detailed trading strategies and response strategies. - The HA-Low, HA-High, BW (0), and BW (100) indicators display the low and high sections, respectively. Therefore, the basic trading method is to buy at the HA-Low, BW (0) point and sell at the HA-High, BW (100) point. Therefore, the HA-Low ~ HA-High, BW (0) ~ BW (100) section can be considered as the box section. A trend can be considered to be formed only when this section is exceeded. The box section consisting of the HA-Low ~ HA-High, BW (0) ~ BW (100) section can be considered as channeling in a broad sense. - (Renko 1D chart) If the price is maintained above 68K, it is highly likely to create a new wave. This makes it more likely to break out of the downward sideways movement. If it falls below 68K, it is necessary to check whether it is supported around 58K-62K. ---------------------------------------------------- (BTCUSDT.P 1D chart) The key to futures trading is forced liquidation. Therefore, I think how to close the transaction before being forced liquidated is an important issue. In order to make a big profit, you need to set the leverage or investment ratio high. However, you need to make a careful decision because the forced liquidation point is getting closer. - If you traded as a sell (SHORT) at the 69001.8 point, and the price rises, and the forced liquidation point is formed above the 72153.8 point, I think you can maintain the sell (SHORT) position. The reason is that the StochRSI indicator has entered the overbought zone and is close to the highest point (100). In this situation, I think the term used is rising short (increasing the proportion of SHORT positions when the price rises). The opposite is falling long (increasing the proportion of LONG positions when the price falls). You need to respond according to your forced liquidation point. If possible, in futures trading, it is good for your mental health to start trading with one buy (LONG) and sell (SHORT) and cut your loss when the opposite movement occurs. - Currently, the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Signal of the 1M chart, that is, a regular array. In this case, it is better to trade with a buy (LONG) position. However, when the StochRSI indicator is in the overbought zone as it is now, it is not the time to start trading with a buy (LONG) position. - 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/USDT Reentry: Filling the Large Sell Orders Around 70KAfter being spiked out in the previous BTC setup, I decided to reenter the trade, and so far, the market is moving in our favor. An important observation is the presence of large sell orders around the 70K level, which suggests the price might first need to revisit this area before we see any major continuation. It’s unlikely for BTC to make a deep retrace to 50K before filling these orders. Technical Analysis: • BTC has shown signs of retracing into a key Fibonacci zone while still respecting the bullish structure. • The FibCloud indicator confirms that price is holding above key support levels, and we may see a continuation if momentum maintains. • The volume is increasing, particularly around the 70K zone, showing that buyers and sellers are locking in this range for potential price action. Risk Management: • Given the volatility of BTC and the presence of large orders, I’m keeping a close watch on the 70K level. • Stops have been placed below the key Fib levels to minimize potential losses if the price reverses sharply. • If the price hits this level without major bullish pressure, I may look to exit or adjust my position. While our bias remains valid, spikes like the one that triggered our previous stop loss are typical in such markets. The goal here is not to label this trade as good or bad but to demonstrate that staying calm and managing risk is crucial. The market’s conditions constantly shift, and how we adapt to these changes defines our trading success. Both sides can make money in this game—the key is how we handle it. Don’t forget to trust yourself and adjust according to the market’s signals. How are you handling your trade setups this week? Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Long
by AR33_
#BTC Rising Wedge📊#BTC Rising Wedge 🧠From a graphical perspective, we are gradually forming a rising wedge model, and we will generally fall according to this model. However, we have not yet reached the heaviest resistance area, and the current area is not volatile, so it is difficult to trade, so we need to be more patient ➡️From a structural perspective, there is currently no short structure, so you need to be cautious if you want to short. If we can break below the inflection point to build a short structure, then we can try to place some short orders in the rebound that occurs later. ⚠️This is just my trading point of view. If you follow this point of view, please don’t forget risk management 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
by wolf_king888
Gold and Bitcoin: Dual Insights for Investment OpportunitiesWith the instability in international affairs, gold has reacted first, successfully breaking through the $2700 mark. Meanwhile, BTCUSD remains stuck in a low-range consolidation, despite conditions that should have led to a breakout long ago. From the weekly candlestick chart, it's evident that this week, the BTCUSD price has completely broken through the MA30 resistance. Historical data shows that after significant upward movements, prices often experience a pullback before rising again. So, will history repeat itself this time? I believe the probability is very high. Therefore, if you have funds available but are unsure where to invest, consider converting your money into Bitcoin and waiting for its gradual appreciation, or directly invest in BTCUSD with a long-term strategy. I think this time, the price could reach 78K .
Long
by MichaeliaDefoe
Bitcoin Roadmap!!!==>>Falling!!!Bitcoin ( BINANCE:BTCUSDT )is currently hovering near the Resistance zone($70,080-$68,250) , Potential Reversal Zone(PRZ) , the Upper line of the Ascending Channel , and Important Resistance lines(Bitcoin is attacking important resistance lines for the fifth time.) . According to Elliott's wave theory, Bitcoin seems to be completing the main wave 5 . The structure of the main wave 5 can be Ending Diagonal . Also, Regular Divergence (RD-) between Consecutive Peaks . I expect Bitcoin to fail again on the 5th attack to the important resistance lines , and to break the lower line of the descending channel and decline to at least the first target on my chart. We should expect more Bitcoin dumps if Bitcoin loses the Support zone($66,500-$64,480) . ⚠️Note: Tension between Iran and Israel could increase in the coming days, causing a sharp drop in Bitcoin.⚠️ ⚠️Note: Open interest in futures markets has reached its highest level in 2024, while Volume Trading has decreased.⚠️ ⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️ 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.
Short
by pejman_zwin
32
The start of a new wave: 68447.9 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTC.D 1M chart) BTC dominance is rising above 58. The point to watch is whether it can face resistance in the 55.01-62.47 range and fall. If it rises above 62.47, a strange market where only BTC rises may be formed. Most altcoins are expected to gradually move sideways or show a downward trend. --------------------------------------- (USDT.D 1M chart) A decline in USDT dominance is likely to lead to a rise in the coin market. However, as I mentioned in the explanation of BTC dominance, I think that most coins in the coin market will show an upward trend only when BTC dominance also declines along with USDT dominance. If USDT dominance falls below 4.97, the coin market is expected to enter a bull market. The point of interest is whether a market where only BTC rises or a bull market where altcoins also rise will be created. ------------------------------------------ (BTCUSDT.P 1D chart) - The 68447.9 point is the BW (100) point of the 1W chart, - The 71363.0 point is the BW (100) point of the 1M chart, - The 73127.6 point is the BW (100) point of the 1D chart. Therefore, we should consider the above points as forming support and resistance points. If the price rises above the downtrend line (2) and maintains, it is expected to create a new wave. Therefore, whether there is support near 68447.9 is an important key point. - The StochRSI indicator is approaching the highest point (100) and the slope is becoming gentle. Accordingly, the pressure for a downtrend will increase over time. In order to overcome this downward pressure and create a new upward wave, it is expected that it will be possible to show a sideways movement in the 68447.9-71363.0 range. Therefore, the point of interest is how the StochRSI indicator performs the initialization process. (The initialization process of the StochRSI indicator refers to moving from the overbought range to the oversold range, and also from the oversold range to the overbought range.) - (1h chart) The BW (100) point is formed at the 67800.5 point and is showing a downward trend. The Mid (50) point is formed at the 67064.5 point. Therefore, we need to check whether there is support near 67064.5-67349.7. If it falls below 67064.5, it is likely to touch 5EMA on the 1D chart or around 65568.1-65922.3. If it touches 5EMA on the 1D chart and M-Signal indicators on the 1D, 1W, and 1M charts, it is highly likely to cause volatility. Therefore, caution is required when trading as there is a possibility of creating a new wave. - The StochRSI indicator is showing signs of entering the oversold zone. Accordingly, when it rises after entering the oversold zone, it is necessary to check at what point it is receiving support and resistance. In that sense, whether there is support around 67064.5-67349.7 is important. - If the StochRSI indicator enters the oversold zone while the BW indicator does not fall below the midpoint (50), it is likely to show a decline such as a pullback or price adjustment and rise again, so it is good to note. The most ambiguous part in interpreting the BW indicator is when it is at the midpoint (50). Therefore, when the BW indicator is at the midpoint (50), it is better to think about a response plan for the coin you are currently trading rather than conducting a new transaction. ------------------------------------ I placed a reservation order to liquidate a buy (LONG) position at the 68447.9 point, but it was not executed. I think this is a part where you can see that the downtrend line (2) is an important trend line. If you do not break through the trend line (2) strongly, it is expected that the breakout will fail. - 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
History is repeating itself!We accurately predicted the Bitcoin bottom when it was trading at $16,700, and now the price moved as we predicted.🚀 Below Idea posted on Jan 2, 2023 In the last two Bitcoin cycles, we experienced 365 days of bear markets followed by a 1064-day bull run from the bottom. Currently, we have completed 690 days of a bull run, suggesting we have almost one year left in this upward trend. Historically, Bitcoin has moved aggressively after each halving, reaching all-time highs (ATH). We anticipate a strong bullish move after October, and if history repeats itself, we could see a bull run extending until October 2025. BITSTAMP:BTCUSD BINANCE:BTCUSDT Regards Hexa
BITSTAMP:BTCUSDLong
by HexaTrades
#BTC Divergence Phase, how should we trade?📊#BTC Divergence Phase, how should we trade? 🧠From a structural perspective, we can clearly see the existence of a long structure, so the general direction is a long trend, so long trading is the main focus, trend trading will be easier, and the profit will be enough. ➡️If you want to short, it is a counter-trend trade, so counter-trend trading needs to be more conservative, and you need to try it in the heaviest resistance area, and you also need to participate in combination with the short structure. ➡️So, even if you want to short, I am only interested in the resistance area of ​​70080-72144, or wait until a new high is reached to build a short structure before participating. ⚠️It’s not that I don’t do long trading, but the market does not give us the opportunity to enter, so we can only be more patient. 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