#BTC/USDT#BTC
Bitcoin price is moving in an upward trend on the 4-hour frame since the beginning of the month
The price is strongly adhering to the trend line. Now we have a slight breakout downwards. We are waiting for a rebound from it upwards and a 4-hour close above the trend to confirm the rise and respect the trend
We have so far stability above the 100 moving average, which supports the possibility of rising
We have a retest of the broken downtrend on the RSI indicator
Which gives a selling saturation and increases the chances of rising
Current price 66320
The target of rising on two targets
The first target is 68000
The second target is 69800
The model is canceled in the event of a 4-hour candle closing below 65000
Btctrading
#BTC/USDT#BTC
Bitcoin price has been moving in an upward trend on the four-hour frame since the beginning of July
The price has now touched the rising trend and produced a reversal candle on a 4-hour frame
It is expected to retest the level that the price reached two days ago
Our target is at 68186
This is supported by the bearish saturation of the RSI aperture
The rise also supports stability above the Moving Average 100
And stability is above the current trend
The pattern is canceled
if it closes 4 hours below the upward trend in orange
BTC Bitcoin Technical Analysis and Trade Idea👉🔍We can observe that Bitcoin (BTC) has been in a bullish trend recently and has retraced to a key support level. In the video, we discuss market structure, price action, and the trend. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for educational purposes only and should not be considered financial advice. 📊✅
COTIUSDT => Uptrend posibilityPrice Action and Trend: We observe that the price has exited a long-term downtrend and entered an upward channel. The yellow downtrend line indicates that the price has broken this trend and started to rise.
Support and Resistance Levels: There are several important resistance levels marked with red lines on the chart:
0.16873
0.14700
0.12527
0.08906
The support level marked with a green line is at 0.10158.
Target Price and Potential Gain: The blue box and arrow indicate the potential for the price to reach the 0.12527 level. This represents an increase of 0.04543 (or 44.72%) from the current level (0.11223).
Price Channels: We see that the price is moving within an upward channel marked in blue. This channel is used to define the boundaries of the upward movement of the price.
Overall, the chart shows that COTI has recovered from an important support level and has the potential to move towards certain resistance levels. Such technical analyses can be important decision-making tools for investors.
BTC =>PO3 possibilityOverview of the Chart
Timeframe: 1-hour (1h) candles
Exchange: BINANCE
Pair: BTC/USDT
Current Price: Approximately 65,960 USDT
Volume: 444.1
Key Chart Elements
Support and Resistance Levels:
Resistance Levels:
Around 67,128 USDT
Around 67,534 USDT
Around 68,542 USDT
Around 70,000 USDT (psychological level)
Support Levels:
65,698 USDT
64,748 USDT
64,513 USDT
63,485 USDT
Indicators:
Relative Strength Index (RSI):
Current RSI value around 50.24, indicating neutral momentum.
MACD (Moving Average Convergence Divergence):
Indicates bearish crossover, suggesting downward momentum.
Volume Profile:
Volume seems to have increased recently, indicating higher trading activity.
Candlestick Patterns:
Recent candles show a bearish trend, with a notable drop in the price to the current level.
Observations and Potential Scenarios
Bearish Scenario:
If the price breaks below the current support at 65,698 USDT, the next potential support is at 64,748 USDT.
The Ichimoku cloud and the stochastic oscillator indicate further downside potential.
Bullish Scenario:
If the price can hold above the support and move back above the 66,363 USDT resistance (purple moving average), it might aim for the next resistance at 67,128 USDT.
RSI near neutral suggests there is room for an upward move if momentum shifts.
Neutral/Balanced Scenario:
Price might consolidate between 65,698 USDT and 66,363 USDT in the short term before deciding the next major move.
Conclusion
The chart suggests Bitcoin is currently in a critical zone, with a balance of bearish and bullish indicators. Close attention should be paid to the support at 65,698 USDT and resistance at 66,363 USDT. A break below or above these levels could indicate the next significant price movement.
It's important to use this analysis in conjunction with other information and market conditions to make informed trading decisions.
Market Update: BTC Price Correction and Potential Support LevelsMarket Context:
Earlier in the week, CRYPTOCAP:BTC faced rejection at around $68,000 and has started to correct. The price is currently trading at $66,000.
Expected Market Movement:
Further Pullback: We anticipate a further pullback over the next few days to test the strong support area around $63,000.
Support Levels:
The $63,000 level coincides with the Daily 50 Moving Average.
The 0.382 Fibonacci retracement also aligns with this level, adding additional support.
Potential Scenario:
Bounce from Support: A move off the $63,000 level could set BTC up for further continuation.
Test of All-Time High: If support holds, BTC could potentially test the all-time high over the next couple of weeks.
📊 Key Levels to Watch:
Support: $63,000 (Daily 50 MA and 0.382 Fibonacci retracement)
Resistance: $68,000 (recent rejection point)
Potential Targets: All-time high if support holds and price continues to move higher
🚨 Note: Monitor the price action closely as BTC approaches the $63,000 support level. If the support holds, it could provide a strong entry point for a long position. However, a break below this support might signal further downside. #BTC #CryptoMarket #TechnicalAnalysis 🧐
#BTC/USDT#BTC
The price is moving within a bullish channel pattern on a 30-minute frame, and the price is now at the lower border of the channel
Which supports the bullish assumption because the price is based on an upward trend and is moving within it
We have a higher stability moving average of 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward.
Entry price is 67,000 $
With a target at the upper border of the ascending channel 68600 $
Looking for Long at BTCI am closely monitoring the price as it approaches these two critical areas. The momentum appears to have exhausted at the major resistance level, suggesting a potential shift in trend (temporary). This observation is further supported by the convergence seen in both the MACD and RSI indicators. Additionally, it is noteworthy that the previous higher high occurred at an overbought level, reinforcing the likelihood of a forthcoming price correction.
BTC - 1h View of my ideaThe idea is that stop-loss are below these wicks
meaning liquidity to shift LTF momentum
also gaps / order blocks below which mean an imbalance
between buyers and sellers.
When it happen price should close above inside the previous blue OB
(625xx) to validate my price action theory.
BTC Bitcoin Technical Analysis and Trade Idea👉🔍In this video, we take a close look at BTC. Recently, it experienced a strong bullish rally, but it appears to be overextended and has reached a key resistance level. Given the overextended move and significant imbalances below, I'm looking for a sell opportunity at the current level.
In the video, I share my thoughts on price action, market structure, and the trend. Remember, this content is for educational purposes only and is not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies. 📊✅
BITCOIN ( SENSITIVE AREA ) ( 4H )BITCOIN
HELLO TRADERS
Tendency the price inside a sensitive area
TURNING LEVEL : a black line between resistance and support level around 59,222 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a green line above turning level around 61,964, indicates selling have already increase this level , when you reach this level buyer have more supply for bitcoin
SUPPORT LEVEL : there is a red line below turning level around 56,702 , indicates buying have already increase this level , when you reach this level selling have more demand for bitcoin
PRICE MOVEMENT : the price trading a sensitive area , generally stabilizing below turning level , indicates the price has taken a bearish
SHORT CONDITION : the price trying to reach a turning level around 59,222 , before dropping to touch a support level at 56,702 , then breaking this level reach demand zone at 54,321
LONG CONDITION : after breaking a turning level by open 4h or 1h candle above 59,222 , the price it will attempt to reach a resistance level at 61,964 , then breaking this level reach a 64,179
TARGET LEVEL :
RESISTANCE LEVEL : 61,964, 64,179
SUPPORT LEVEL : 56,702 , 54,321
BTC Bitcoin Technical Analysis and Trade Idea 👉🔍 In this video, we analyze BTC Bitcoin. It's evident that BTC has been showing strong bearish momentum in recent times. However, considering today is Friday, I anticipate a potentially sharp retracement as big money wind up their trades for the week and hit stops for liquidity. My strategy involves monitoring the 3-5m chart for signs of sideways movement and a potential reversal, which could present a scalp/day trade buying opportunity targeting the previous bearish imbalance.
It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
BTC Bitcoin Technical Analysis - What Is The Chart Telling Us?👉🔍 In this analysis of BTC Bitcoin, we examine higher time frame charts that show a bearish trend with a retracement into resistance. I anticipate a possible retrace given that the market is overextended and trading into support. It’s crucial to understand that this is speculative and not a guaranteed forecast. Watching for specific price movements to confirm a buy or sell is essential, as explained in the video. This video offers a detailed look at the trend, market structure, and price action. Keep in mind, this content is for educational purposes only, and trading carries significant risk. Always use robust risk management strategies in your trading practices. 📈🔔