Bulish Sice the Bit didnot creat a strong pattern in weekly,so I think it's a kind of pull back to $90 then move to $107.
BTCUSDT.3S trade ideas
BTC/USDT Strategic Trading OverviewKey Timeframes and Trading Opportunities:
1-Hour Chart:
Bearish Sentiment: The prevailing downtrend suggests caution; look for stability or reversal signs before entering long.
Support Level: The key support at $100,000 must hold to avoid further decline.
Resistance Level: A break above $101,500 could signal a short-term trend reversal to the upside.
4-Hour Chart:
High Volatility: This creates opportunities for both short and long trades based on price action around key levels.
Support Level: Strong support is again at $100,000, acting as a psychological and technical pivot.
Resistance Level: $102,500 is the major resistance, providing a clear target for any bullish momentum.
Daily Chart:
Overall Bullish Trend: The long-term trend remains upward, making dips potential buying opportunities for long-term investors.
Support Levels: Major long-term supports are at $98,000 and $95,000.
Resistance Level: Watch for resistance at $104,000 which if broken, could lead to new highs.
Trading Strategy Points:
Risk Management: Always use stop-losses to protect trades against sudden market moves. Adjust stop-losses according to the timeframe of your trade.
Entry Points:
Long Positions: Look for confirmation of support holding on lower timeframes with additional bullish signals such as candlestick patterns or momentum shifts.
Short Positions: Initiate near resistance levels if bearish reversal patterns appear, especially on higher timeframes.
Exit Points:
Take Profit: Set just below resistance levels for long positions and above support levels for short positions to capture the most likely price movements.
Volume and Momentum: Use volume indicators to confirm entry and exit points; momentum indicators like RSI and MACD can help identify potential market turns or continuation signals.
Conclusion:
BTC/USDT traders should stay adaptable to changes in market conditions across different timeframes. Combining insights from multiple charts will help in crafting a more nuanced trading approach, catering to both quick scalps and longer-term trades based on the identified support and resistance levels.
$BTC dip ends hereI guess downward ends here or with a shadow at 98-100k which collects liquidity there to continue
BTC Bitcoin next entry position after dumpBTC Bitcoin next entry position after dump. I have 2 entries set up now to go long for a bounce to the daily level. The buy positions have already been set.
Analysis on BTCUSDTA good breakout, retest and down Bitcoin goes. There's also a divergence signalling Bitcoin down
Why Fear when Sentiment Cycle Indicator is here :)here is current performance and sharp decline from the top.. well sometime action speaks louder than words :)
BTC views on spot As it has been disclosed in the chart drawing, it appears BTC to be bearish till support as shown.
1st and 2nd resistance with possible support is well disclosed in the chart drawing.
Lets hope for the best.
leg down for BTC? ... BTC need to go dow for next big move?
... what is your opinion... what could bring him to that point? ... little drop and then panic sell?
BTC What next?BTC Strong uptrend
Minor levels - 100,000
2nd - 95,400
Major level 92,500
Trading above 26DMA Which is bullish
hold and upside will continue or
it may visit 95 first
TOTAL marketcap above last ATH high and above 7WEMA
But short tf Consolidation so
exoect chop for a little while
Technical Analysis of Bitcoin (BTC) - 4 Hour Chart### Technical Analysis of Bitcoin (BTC) - 4 Hour Chart
Current Trend Overview:
Bitcoin has been exhibiting a rising wedge pattern on the 4-hour chart, indicating a potential reversal in the prevailing bullish trend. A rising wedge often suggests exhaustion in the buying pressure, leading to a breakout to the downside.
Pattern Analysis:
- Rising Wedge Formation: The rising wedge is characterized by converging trendlines that slope upward. The upper trendline connects higher highs, while the lower trendline connects higher lows. This formation typically forecasts a bearish reversal once a breakout occurs beneath the lower trendline.
- Breakout Confirmation: A recent breakdown below the lower trendline of the rising wedge confirms the bearish sentiment. Traders often look for increased volume on the breakout for confirmation, suggesting strong selling interest.
Price Targets:
With the breakout indicating a shift to bearish momentum, several potential target areas can be set based on prior support levels and Fibonacci retracement zones. Here are the target areas:
1. Target 1: 99,000 - This level acts as a psychological support, as it aligns with previous highs and may attract buyers attempting to step in.
2. Target 2: 97,500 - Slightly below Target 1, this level has been a notable area of price action in the past and may provide a bounce point.
3. Target 3: 95,000 - This area has potential as a strong support level, influenced by previous price consolidations and fib levels.
4. Target 4: 93,500 - As selling pressure continues, this target corresponds to previous swing lows, which can be pivotal for the price trend.
5. Target 5: 91,000 - If price action continues to decline, this further downside target can set the stage for deeper corrections.
Additional Indicators:
- Volume Analysis: Observing trading volume is crucial in confirming the breakout's validity. If there is substantial volume accompanying the downward movement, it reinforces the bearish outlook.
- RSI and MACD: Monitoring overbought/oversold levels through indicators like RSI may provide insights into possible reversal points or confirmation of continuation in the downtrend. A bearish crossover in MACD could also signal downward momentum.
Conclusion:
Given the current technical setup with the rising wedge pattern and confirmed breakout, Bitcoin appears poised for a bearish phase in the immediate future. Traders should remain vigilant and consider risk management strategies, keeping an eye on the outlined target areas for potential buy opportunities or sell-stop adjustments. Always ensure to reassess the market sentiment and broader trends, as cryptocurrency markets can exhibit high volatility and rapid shifts in sentiment.
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Bitcoin Price Action: 12-Day Cycles ObservedIn this chart, Bitcoin's price action on the 4-hour timeframe reveals a repeating cycle occurring approximately every 12 days. Key observations include:
First Cycle (Nov 22 - Dec 5): A period of consolidation followed by a breakout, spanning 12 days and 8 hours with significant trading volume (~455.79K).
Second Cycle (Dec 5 - Dec 17): Another 12-day period with a similar breakout structure, supported by consistent volume (~446.68K).
Current Movement (Dec 17 - Dec 29): Bitcoin appears to be aligning with the same cyclical behavior, suggesting a potential breakout within this timeframe.
These patterns suggest that BTC may be following a structured rhythm, providing traders with actionable insights for timing entries and exits. The orange and blue trend lines highlight the broader ascending channel, while the white trend lines mark shorter-term consolidations within these cycles.
Does Bitcoin truly follow a predictable cycle, or is this coincidence? Share your thoughts and strategies below! 🚀
btc - 89k?according to bts there is a high probability of going to shadow overlap, 86-89k$, so be careful
96k if it breaks through on the daily, then 100% will go to overlap
BTC MT GOX FEVER - 110K WEN? or 101k NOW?As mentioned on my earlier charts fr, MT GOX did move and mentioned it would come to 103K and so shorts from 108k was too good as said, expecting a small range up. Ideally i would go for shorts to 101,637 but ugh huge tpo are lying here so expecting solid green candle, ideal my scenario is to short again on the highs and if vol comes would book SL.
SO If i speak english i short now and wait till 101k and if not i give up at 104k which i know is happeneing but i still want to..
IDeally the news fever is gone so neutral view but still can churn ways out.
BTC 1h updateWe've broken out of balance and are now leaning more towards short positions. A HAMMER signal appeared on the 1D chart, which could suggest a potential reversal. In my view, a strong sell zone would be around 104,730 for now, but it's important to wait for supporting signals. Stay tuned for updates! 🚨📉
10R BTC LongAnother opportunity to go long here.
30% chance of success.
High risk trade.
Expecting a move up to approx $100k
Bitcoin Btc usdt Daily analysis
Time frame daily
Risk rewards ratio >1.6 👈 for buyers
Risk rewards ratio >1.7 👈 for sellers
Technical analysis 👇👇👇
↘️↘️📶📉
An broadening triangle pattern has formed on the daily timeframe and there is a possibility that we will face a decline if the price breaks below the pattern’s bottom. However, we have several strong support areas at $88-$95 that can prevent the market from returning to a bear market. If the sellers get stronger and this support area cannot withstand the pressure from the sellers, Bitcoin will fall to the $77 range.
👉👉📈↗️↗️
On the other hand, if Bitcoin moves up, our first target will be the upper edge of the triangle and the price of $110.
At that time, we need to see if the buyers' power is greater than the sellers'?
If it is, the yellow box, which is the intersection of the long-term uptrend and the price exit area from the triangle, will be our next target, the range between $114 and $118. 🎯🎯🎯
BTC update - DEC 20 2024After sweeping the liquidity that was positioned just above 104,000 zone, BTC finally began the heavy dump on Dec 17th causing a heavy sell pressure in the market as predicted.
Current solid support zone for BTC is the 90,200 zone where the upcoming reaction must be analyzed. If BTC breaks through the support level, it will most probably head for much lower levels possibly the recent CME gap and since BTC dominance is still rather high, more dump in BTC means altcoins are going to be greatly affected and they will touch mush lower levels as well.
One thing to keep in mind is that the current heavy dump in many altcoins is probably the shakeout before the altseason so it is once again advised to consider buying the dip in the potential altcoins.
Bitcoin: Double Zigzag and a Potential Bullish Breakout?Currently, I am marking Bitcoin’s movement as a correction in the form of a double Zigzag (WXY). However, Bitcoin often exhibits the ability to extend waves without altering the broader structure...and we can fall further down.
The bullish scenario will take precedence if the price breaks above Wave X at 102,740. That is, of course, unless the market transitions into a larger triangle pattern, which could extend the corrective phase for a while longer.
Bitcoin Update.The price is in the ascending channel and rejected near the top.
Watching $77K–$85K FVG as key support.
Bullish target: $108K
Break below FVG risks a deeper drop.
Bullish or bearish next?
2 years of bear market ahead!We are at bull market top ... prepare for downside which will be more or less slowly ...
2 Years of bear market ahead!
BTC 1h updateNotice how the test level, formed after the breakout, held perfectly, leading to a 1-bar spring. Following the 1-hour spring, an entry point could be spotted on the 5-minute chart.
BTC/USDT SHORT TERM TARGET AND IMPORTANT SUPPORT LEVELS!!!Bitcoin's surge towards $112,000 excites investors, but caution is warranted. Strong weekly closes fuel optimism, yet corrections loom. Support levels at $92,690, $92,551, $83,470, and $74,541 offer potential buying opportunities. The 5EMA suggests short-term strength, with prices above the moving average.
However, this rally presents a problem for altcoins. Bitcoin's non-bearish dominance stifles their growth potential. Typically, altcoins thrive when Bitcoin's dominance wanes or stabilizes. This creates a dilemma for diversified crypto portfolios.
The solution? Monitor Bitcoin's dominance closely. A shift could spark altcoin momentum. Meanwhile, focus on Bitcoin's journey, using support levels as guideposts. If breached, watch $55,017 for a possible trend reversal. Adapt strategies as market dynamics unfold.
