Btctrading
#BTC/USDT
#BTC
The price broke the descending channel on the 4-hour frame upwards but the broken channel is expected to be retested
Also, the 100 moving average is broken again
We have an uptrend on the RSI that is expected to be broken
We have a support area at the lower limit of the channel at 57700
Entry price 59700
Target 57980
BTCUSD H4 Analysis: rate cuts decision today big move expectedMy dear friend and fellow trader, I am writing to you today with great joy and pleasure.
BTCUSD H4 Analysis:
You may find more details in the chart!
Thank you and Good Luck!
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BTC buy📊Analysis by AhmadArz:
🔍Entry: 57,157
🛑Stop Loss: 57,288
🎯Take Profit: 59,524 - 61,206
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Sep 16,2024 short term bitcoin analysis Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency is approaching support at 58000 points, which may give a positive reaction. However, a break downwards through 58000 points will be a negative signal. The currency is assessed as technically neutral for the short term.
BTC, When should we expect reversal? FA: The majority of crypto market participants are currently in a depressed mood regarding the medium-term future of the crypto market as a whole. Such behavior of the crowd says first of all that weak hands are not ready to buy now, and the sawtooth movement, which started since March and has lasted for more than 6 months, puts even experienced participants in a stupor, forcing them to close speculative positions, dump risky assets and expect a further decline comparable to the collapse in the spring of 2020.
However, a deeper look reveals several significant trends:
A drop in the influx of new bitcoins to exchanges.
Since the beginning of the year, the number of new coins entering exchanges has been declining. This indicates that professional investors prefer to keep their assets in their wallets, which means they are not preparing to sell. This factor is traditionally considered to be a bullish sign, as a decrease in supply on exchanges may contribute to price growth in case of renewed buying activity.
Increased outflow of bitcoins from exchanges.
This sign is also positive and confirms the narrative of asset accumulation by smart capital. It can be seen especially well at the moment of price drawdown: during and after aggressive shakeouts, a surge in coin outflows is clearly visible.
Despite the globally passive sentiment, the fundamentals of exchange inflow/outflow suggest that strong hands continue to accumulate while the crowd is perplexed by what is happening.
Reduced supply on the exchanges and increased demand from large holdings are creating all the conditions for future price gains, our idea is that the market has been in a reaccumulative phase for the past six months.
From a technical analysis standpoint , I anticipate a continued downside for BTC. Two potential scenarios may unfold:
1 - Retest of the 4-hour Order Block (OB): BTC could test the 52,000-54,000 range, followed by a gradual reversal, suggesting a more measured recovery.
2 - Retest of the Weekly Fair Value Gap (FVG): Alternatively, BTC may drop to the 47,300-44,000 zone, which could trigger a sharp "V-shaped" reversal with aggressive momentum driving the price higher, potentially towards new all-time highs (ATH).
In either case, monitoring key support and resistance levels within these zones will be critical.
#BTC 15MIN Bullish candle BCZ of positive newsEmployment change in USA was better than expected 142K &
Unemployment rate was as expected 4.2 %
**************MAY BE BULLISH WEEKEND**************
************* NOTE**************
USA CPI will be announced on WED September 11, 2024
**************************************************************************
BINANCE:BTCUSDT
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$BTC Daily UpdateCRYPTOCAP:BTC #BTC As expected testing $56,557 support, Next key support at $54,364, Failed to follow up on bullish engulfing on 1D which was pretty clear yesterday. RSI on 4H almost in oversold region, $58,882 will resist, $61,953 key resistance. $52,529 next key support after $54,364.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Last 4h closed with bearish pin bar, testing $58,882 support with potential of follow thru to previous bearish close on current 4H, on the other hand 1D closed with bullish engulfing but considering current volume and everything seems tough for it to follow up, $58,290 next support area and key support at $56,557.
BTC BITCOIN Technical Analysis and Trade Idea👀 👉 In this video, we explore BTC, which has recently exhibited bearish momentum with a break of structure on the 4-hour time frame. The pair has pulled back and is now retracing into a critical resistance level. I see potential for further downside and am closely monitoring whether the price holds below the current range low. If a breakout occurs, I plan to enter a sell position, as explained in the video. However, if the price action doesn't align with the discussed setup, there will be no trade.
It's essential to understand that these insights are speculative and not guaranteed predictions. Confirming specific price actions before entering any trades is crucial, as emphasised in the video. The analysis offers an in-depth look at the current trend, market structure, and price behaviour. Remember, this content is for educational purposes and does not guarantee success. Trading involves significant risks, so always implement strong risk management strategies. 📈✅
Bitcion FIB Retracement LevelsMy dear friend and fellow trader, I am writing to you today with great joy and pleasure.
We are currently looking at what can only be described as the most interesting, intriguing, and surprising technology of our time. This is the chart for Bitcoin.
1) Since March, BTC has been experience lower highs, as well as lower lows.
2) Since March, the highest volume in a single session has resulted in major selling.
3) Since March, there has been strong selling pressure each time Bitcoin tried to move up, and 70K became a major barrier in late July while 65K ended as the latest lower high.
Is my analysis correct about bitcoin- Fx Dollars - {31/08/2024}Educational Analysis says Btcusd Bitcoin may move in this range for some time according to my technical.
Broker - Bitstamp
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the 1-week time frame is bullish and breaks the previous higher time frame highs.
Let's see what this pair brings to the table for us in the future.
Please check the comment section to see how this trade turned out.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
Is $56K even possible for BTC soon?Is $56K even possible for BTC soon?
The Bullrun anticipation is really high. Hmmm, come to think of it, do we also think CRYPTOCAP:BTC has been forming lower-low and lower-highs?
Anyway, never say never: $56K & GETTEX:54K are possibilities.
Protect your assets: Risk management is key.
BTC BITCOIN Technical Analysis and Trade Idea👀👉 I'm keeping a close eye on BTC right now. We’re seeing a market structure break with a higher high on the chart, along with the potential formation of a base that could lead to further upward movement. If market conditions align as discussed in the video, I'll be considering a buying opportunity.
This analysis focuses on key aspects of technical analysis, such as trend identification, price action, and market structure. We’ll also discuss a potential trade setup and examine strategies that could increase the chances of success.
Please keep in mind that this analysis is for educational purposes only and should not be taken as financial advice. The observations are speculative and do not guarantee future market outcomes. It’s important to verify current price actions before making any trading decisions.
This presentation provides a comprehensive review of the current trend, market structure, and price dynamics. However, it's important to recognize that while the information is educational, it does not guarantee trading success. Trading in the foreign exchange market carries significant risks, and we strongly advise using sound risk management techniques in all your trades.
We encourage you to do thorough research and carefully consider all factors before making any trading decisions. Stay informed, exercise caution, and approach the markets with a well-thought-out strategy. 📊✅
Bitcoin: short at 59700-60300.Short Bitcoin. There is huge pressure in the short term.
There is a large room for retracement. Shorting is profitable.
There will be a shock decline over the weekend.
The decline is expected to intensify next week. COINBASE:BTCUSD BINANCE:BTCUSDT BINANCE:BTCUSDT.P BITSTAMP:BTCUSD